North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Barrick's acquisition of Placer Dome bodes well for Alaska


Last updated 1/29/2006 at Noon

When I heard that Barrick Gold Corp. had made an unsolicited offer on Oct. 31, 2005, to purchase Placer Dome Inc. my first move was to purchase 100 Barrick shares. Although the acquisition was initially rejected, on Dec. 22 a follow-up offer was greeted more favorably.

This appears to be a fortuitous marriage. In the 60 days I have held the stock it has gone from $25.05 per share to $29.48, an...

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