Barrick Extends Bid for Pioneer Metals and Arch Coal 3Q Profit Up, Cuts Year View.

0 Comments | M2 Presswire, October, 2006

M2 PRESSWIRE-23 October 2006-U.S. Equity News: Barrick Extends Bid for Pioneer Metals and Arch Coal 3Q Profit Up, Cuts Year View(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:23102006 City of Industry, CA - Gold & Metals industry alert provided by U.S. Equity News. Canadian gold miner Barrick Gold Corp.

(NYSE:ABX) on Friday said it extended its offer to acquire all the outstanding stock of Pioneer Metals Corp. for 1 Canadian dollar (88 cents) per share to Nov. 9. The offer is worth $65 million Canadian dollars ($57.3 million). Barrick said it has acquired about 58.6 million shares of Pioneer to date. Inco Limited (NYSE:N) recently reported the highest ever quarterly earnings in the company's 104-year history. Earnings on an adjusted basis for the third quarter of...