Elliot Management Takes Stake In Barrick Mining — Stock Climbs

Benzinga11-18

Activist hedge fund Elliott Management has acquired a substantial stake in Barrick Mining Corp. (NYSE:B), positioning itself among the company’s top 10 investors with a holding valued at a minimum of ...

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(NYSE:B), positioning itself among the company’s top 10 investors with a holding valued at a minimum of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/hedge-funds/25/11/48923529/elliot-management-takes-stake-in-barrick-mining-stock-climbs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736062.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","start_time":0,"source_url":"https://www.benzinga.com/markets/hedge-funds/25/11/48923529/elliot-management-takes-stake-in-barrick-mining-stock-climbs","article_id":"2584289955","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/18/Barrick-Logo-On-Phone--Blurred-Gold-Bars.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/hedge-funds/25/11/48923529/elliot-management-takes-stake-in-barrick-mining-stock-climbs","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2584289955","pubTimestamp":1763476740,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Activist hedge fund Elliott Management acquires a substantial stake in Barrick Mining, positioning itself among the company's top ten investors.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","KGC":"金罗斯黄金","BK4017":"黄金","AEM":"伊格尔矿业","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","BK4161":"工业机械","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0055631609.USD":"贝莱德世界黄金基金A2","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","LU1223082196.USD":"施罗德环球黄金A Acc","B":"Barrick Mining Corporation","BK4585":"ETF&股票定投概念","LU0075056555.USD":"贝莱德世界矿业基金A2","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD"},"translate_title":"埃利奥特管理公司入股巴里克矿业公司——股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KGC":1,"B":1,"AEM":1},"content_text":"Activist hedge fund Elliott Management has acquired a substantial stake in Barrick Mining Corp. (NYSE:B), positioning itself among the company’s top 10 investors with a holding valued at a minimum of $700 million. \nElliott’s move is seen as a catalyst for potential change, especially following the miner’s recent promise to refocus on its lucrative North American assets and the sudden departure of CEO Mark Bristow in September, according to the Financial Times. \nRead Next: Ready For A Rebound? Here Are 10 Oversold Stocks To Watch\nElliot's investment follows a period in which Barrick, the world’s second-largest gold producer, has struggled to capitalize on the recent surge in gold prices, resulting in its share price lagging rivals such as Kinross Gold Corp. (NYSE:KGC) and Agnico Eagle Mines Ltd. (NYSE:AEM). \nThe news of Elliott’s stake prompted a rise in Barrick’s stock, which climbed more than 4% in pre-market trading on Tuesday. \nElliott’s primary encouragement comes from the idea of Barrick splitting its business into two distinct companies. \nThe proposed separation would divide the company’s higher-growth North American operations—which include prized assets like the Fourmile project in Nevada, considered one of the largest gold discoveries this century—from its mines in higher-risk territories across Africa and Asia.\nBarrick veteran and interim CEO Mark Hill has reinforced the strategic shift, stating that he sees a “big opportunity” in concentrating on the North American business as the next major growth area, with a focus on enhancing operational performance and value creation. \nWith a commanding reputation as the most formidable activist investor on Wall Street, and a history of successfully targeting companies like Kinross and a stake in Anglo American, Elliott is positioned to drive the restructuring effort.\nRead Next: \nPhoto: Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584289955","isCrawlerRequest":true}