Elliott Mgmnt Builds ‘Large’ Stake In Barrick Mining As Central Bank Gold Buying Accelerates Elliott Management has built a large stake in Barrick Mining Corp., the Financial Times reported, citing people familiar with the matter. Elliott’s stake – valued at at least $700 million – puts it among Barrick’s 10 biggest investors, the FT cited the people as saying, and comes after the Canadian gold giant struggled to benefit from the metal’s rally. Bloomberg reports that Barrick Interim CEO Mark Hill recently said he’s “shifting the focus” to assets in North America, where the company owns a bundle of lucrative gold… — Continue at ZeroHedge News : Read More
