Barrick Gold Shares Surge as Mali Impasse Resolves

Barrick Gold has successfully navigated its way out of a two-year crisis in Mali, marked by exhausting conflict, arrests, and a billion-dollar asset writedown. This breakthrough triggered an 8.5% surge in the company’s share price to a record high on Monday, prompting market observers to question whether this is merely the start of a sustained upward trend.

The resolution in Mali coincides with significant corporate developments. Activist investor Elliott Investment Management has built a substantial stake in Barrick, now ranking among its top ten shareholders with a position valued at approximately $700 million. This increased scrutiny comes alongside a leadership transition, with Mark Hill assuming the CEO role from Mark Bristow in Read more...