Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (320)	6/25/2001 1:03:27 PM
From: craig crawford	Read Replies (1) of 1643

Monday June 25, 12:26 pm Eastern Time Barrick Gold Buys Rival Homestake biz.yahoo.com By Scott Anderson TORONTO (Reuters) - Barrick Gold Corp. (Toronto:ABX.TO - news; NYSE:ABX - news), already one of the world's biggest gold producers, vaulted to the No. 2 position on Monday with a $2.3 billion share-swap deal to buy rival gold producer Homestake Mining Co. (NYSE:HM - news), boosting its production by more than 2 million ounces a year and giving it a much needed Australian presence. Toronto-based Barrick, North America's second-largest gold producer and fourth largest worldwide, said it was offering 0.53 of a Barrick share for each of Homestake's 263.3 million outstanding shares, valuing each Homestake share at $8.71.

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