By Nic Fildes
Financial Times, London
Tuesday, June 2, 2026
SYDNEY -- U.S. activist hedge fund Elliott Management has called for Australia's largest gold miner to put itself up for sale after building a significant stake in the underperforming company in recent months.
The value of Northern Star Resources, which owns the giant Fimiston "super pit" gold mine in Kalgoorlie, Western Australia, has collapsed this year after operational issues triggered multiple profit warnings and production downgrades.
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Chief executive Stuart Tonkin announced last month he would step down next year.
Northern Star shares have fallen 43% since March, and the company in recent years has struggled to capitalise on a stronger gold price that has broadly lifted the mining sector. ...
... For the remainder of the report:
https://www.ft.com/content/befbf8d6-b566-4068-ae69-587ff849ccff [2]
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