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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Bill Murphy who wrote (27918)	2/9/1999 6:58:00 AM
From: John Hunt	Read Replies (3) of 116753

Barrick CEO quits for 'personal reasons' << Mr. Melnuk's resignation came just hours before the deadline on Barrick's takeover offer for Argentina Gold Corp. of Vancouver. The company has offered $5 a share or $183-million for Vancouver-based Argentina, and the bid was set to expire at midnight last night. This morning, Barrick was scheduled to release its year-end financial results and then hold its annual update meeting with analysts at the King Edward Hotel in downtown Toronto. Mr. Melnuk was expected to be the main presenter at the session. Analyst John Ing said the timing of the resignation was a surprise, given the important meeting this morning and the takeover bid in progress >> globeandmail.ca A little more on the resignation.

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