Barrick Buys Another 5.5 Million Pioneer Shares and Newmont's Idarado Receives BLM's National Director's Award.

0 Comments | M2 Presswire, September, 2006

M2 PRESSWIRE-26 September 2006-U.S. Equity News: Barrick Buys Another 5.5 Million Pioneer Shares and Newmont's Idarado Receives BLM's National Director's Award(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:26092006 City of Industry, CA - Gold industry alert provided by U.S. Equity News. Barrick Gold Corp.

(NYSE:ABX), the world's No. 1 gold producer, said Monday it has acquired an additional 5.5 million shares of Pioneer Metals Corp. as part of its friendly takeover of the company. The shares, which were bought through a tender offer and represent about 8.5 percent of the company's outstanding shares, increase Barrick's stake in the company to 89 percent. Earlier this month, Barrick acquired about 52 million of Pioneer's shares. NovaGold Resources Inc. (AMEX:NG)...