Key facts
- Elliott Investment Management has built a stake in Northern Star Resources.
- Elliott is calling for a strategic review of Northern Star Resources.
- A sale of the company is being considered as part of the review.
- Elliott's stake in Northern Star is valued at over AUS$1 billion.
- Elliott published a presentation titled 'Northern Star Rising'.
Hedge fund Elliott Investment Management has acquired a significant stake, exceeding AUS$1 billion (US$718 million), in Northern Star Resources, Australia's largest gold miner. The activist investor is now publicly advocating for a comprehensive strategic review of the company's future, with a sale of the company being a key consideration. Elliott has released a presentation, 'Northern Star Rising,' detailing its view on how the company can better leverage its extensive gold mining assets to achieve its full value potential.