Detour Gold Investor Joins Paulson to Push for Possible Sale (2)

Another Detour Gold Corp. investor has called for the Toronto-based gold miner to put itself up for sale, after Paulson & Co. said a major mining company was interested in potentially acquiring it.

Coast Capital Management, the investment firm founded by James Rasteh, called for Detour’s board to immediately engage an independent financial adviser to explore a sale after the company declined to do so amid pressure from investors. Rasteh criticized what he called the board and management’s “track record of self-enrichment and value destruction.”

“May we remind you that this company does not belong to you, but rather ...