Aug 12, 2026 – 4.08pmActivist US hedge fund Elliott Investment Management has raised the stakes in its campaign for change at under-performing gold giant Northern Star Resources, urging shareholders to back a list of industry heavyweights to join the board.Mark Cutifani, former chief executive of global miner Anglo American, and Graham Shuttleworth, ex-chief financial officer of Canada gold producer Barrick Mining, are among the names that Florida-based Elliott believes could revive a Northern Star board that has been criticised for a wave of operational setbacks that have wiped billions of shareholder value.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US activist fund names gold heavyweights to pump up Northern Star
Former Anglo American CEO Mark Cutifani is among the names being pushed by Elliott Investment Management to join the embattled gold miner’s board.
TL;DRAI
Elliott Investment Management pushed Northern Star to add Cutifani and Shuttleworth to address operational failures that erased billions in value. Activist pressure reveals execution risk in resource firms; for tech investors, it signals M&A scrutiny and capex discipline across commodity cycles.
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