The Financial Post reports in its Saturday edition that Barrick Gold is the undisclosed gold miner which was asked to sign a confidentiality agreement alongside activist investor John Paulson to discuss potentially buying Detour Gold. A Bloomberg dispatch to the Post says that while Barrick's level of interest in Detour is unclear, neither Mr. Paulson nor Barrick signed the confidentiality agreements. Mr. Paulson has held discussions with Barrick about Detour. His New York-based hedge fund, Paulson & Co., is locked in a heated dispute with Detour and is pushing for the miner to sell itself. Paulson & Co. said Thursday that it intends to call a shareholder meeting to replace most of the board after Detour rejected its request to run an auction. Paulson also filed an e-mail with regulators that showed it along with what was characterized as a major gold miner were asked by Detour to sign a confidentiality agreement to look at Detour's books and receive other non-public information. The fight between Paulson & Co. and Detour escalated this week with each accusing the other of providing false and misleading information and both saying they had complained to the Ontario Securities Commission.
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