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0 -0.0035856344036432 -0.00155646509482897 0.00155646509482914 -0.00762898483887699 0.000749409119732492 -0.0031417536173401 -0.00340116446647837
Stock impact report

Investor Outlook: Gold rally bypasses Barrick as Elliott moves in with major stake [BNN Bloomberg (Canada)]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: BNN Bloomberg
The move comes as the company struggles to fully benefit from bullion's record-setting rally and deals with operational challenges at major international assets. BNN Bloomberg spoke with John Tumazos, CEO of Very Independent Research, about how Elliott's involvement could influence Barrick's push toward restructuring, including speculation about a potential split of its Nevada assets. Key Takeaways Elliott Management has taken a stake of at least US$700 million, placing it among Barrick's largest shareholders. Reports suggest Barrick may consider separating its Nevada assets from its global portfolio. The company has lagged the gold rally due to operational issues at international mines, including disputes in Mali. Interim CEO Mark Hill has indicated a shift toward strengthening the company's North American footprint. Elliott's activist history has fuelled expectations of potential restructuring, asset sales or a breakup. Read the full transcript below: ROGER: A Cana Show less Read more
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