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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (2062)	6/15/2000 1:57:00 AM
From: baystock	Read Replies (1) \| Respond to of 3558

ABX is the big loser from the FN-GOLD merger, per GATA: "This changes the face of the industry," said one Toronto analyst that's working on the merger. "There's no question other people in the industry are saying 'what the heck are we going to do?' The merger steps up the pressure on Franco-Nevada's rivals to conceive deals of their own, said Glenn Brown, analyst at Haywood Securities, Toronto. Many analysts believe Barrick Gold, arguably the world's most powerful gold company, would have preferred the gold market remain the status quo. The creation of Gold Fields International creates another blue-chip gold stock that will be chasing the much sought after US investment dollar. "The guys that have the most to lose from this deal are the Barrick guys," said a second Toronto analyst.