PRECIOUS METALS | Northern Star Rejects Elliott Proposal to Sell Smaller Assets or Pursue Sale

Australia’s largest gold miner, Northern Star Resources, has rejected a proposal from activist investor Elliott Investment Management to sell some smaller assets or explore a sale of the company to a larger miner. Bloomberg posted on X, reporting that Elliott had urged Northern Star to consider divesting certain non-core operations or pursuing a broader strategic transaction. Northern Star declined the proposal, signaling it will not pursue those options at this time.