https://newsletter.mw.creamermedia.com
Africa|Financial|Gold|Mining|PROJECT
Africa|Financial|Gold|Mining|PROJECT
africa|financial|gold|mining|project

Elliott builds stake in Barrick Mining, source says

19th November 2025

By: Reuters

  

Font size: - +

Activist investor Elliott Investment Management has built a significant stake in Barrick Mining, a source familiar with the matter said on Tuesday.

Barrick has faced a challenging year, including the loss of control of its Mali gold mine, which triggered a $1-billion write-off, and the departure of Mark Bristow as CEO after nearly seven years at the helm.

Elliott's position places it among Barrick's 10 largest shareholders, citing people familiar with the matter, and the hedge fund's stake could be worth at least $700-million, the Financial Times reported earlier on Tuesday.

Reuters reported last week that Barrick has raised the possibility of splitting the company into two businesses, one centred on North America and the other on Africa and Asia. In North America, the Canadian miner is seeking to advance development of the Fourmile gold project in Nevada.

Elliott was encouraged by the idea that Barrick could split into two companies, the FT report said.

Barrick did not immediately respond to a Reuters request for comment.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Afromix MD Eugene Els speaks to Martin Creamer on Video
Afromix MD Eugene Els speaks to Martin Creamer on Video
8th December 2025
An image of TLT Turbo's SMART Fan
TLT Turbo Africa launches SMART Fan for mining
5th December 2025 By: Tasneem Bulbulia

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.178 0.253s - 144pq - 2rq
Subscribe Now