ReutersReuters

Barrick Mining gains on report Elliott builds stake in co

RefinitivLess than 1 min read

** U.S.-listed shares of Canada's Barrick Mining ABX, ABX rise 2.7% to $37.97 premarket

** Financial Times reports that activist hedge fund Elliott Management has built a large stake in Barrick, citing people familiar with the matter

** The report says Elliott's stake puts it among Barrick's 10 largest investors

** Exact size of Elliott’s stake could not immediately be established, the report adds

** Barrick did not immediately respond to Reuters request to comment

** Up till last close, stock up 138.5% YTD

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