Logo

A Canadian gold-miner is facing mounting pressure from New York hedge funds to put itself on the block.

Hedgie John Paulson has been pushing Detour Gold to consider a sale after learning last week that the mining company received interest from a potential buyer.

Paulson’s hedge fund, Paulson & Co., threatened to call a special meeting to overhaul the board to induce the company to explore a sale process. The hedgie’s crusade is getting support from another Detour investor.

New York-based Van Eck, which holds 12.5 percent of Detour’s shares, said Friday that following a “history of a number of failures,” it also wants Detour to consider a sale, Bloomberg reported.

The news comes as Bloomberg also reported Friday that Canadian-based Barrick Gold was the potential buyer that expressed interest in Detour.

Reps from Detour and Paulson declined comment on the Barrick report.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy