Barrick Gold Corporation
NYSE : ABX
LSE : BGD
TSX : ABX

Barrick Gold Corporation

December 01, 2006 10:17 ET

Barrick's Final Take Up of Pioneer Shares

TORONTO, ONTARIO--(CCNMatthews - Dec. 1, 2006) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD) announces that it has taken up and accepted for payment all of the common shares of Pioneer Metals Corporation that were validly deposited to its offer and not withdrawn as of 6:00 p.m. (Vancouver time) on November 30, 2006. Together with the common shares previously taken up and accepted for payment, Barrick now owns approximately 59.2 million shares of Pioneer. The offer has now expired.

It is Barrick's current intention that it will enter into one or more transactions to enable Barrick to acquire all of the Pioneer common shares not acquired under the offer.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Contact Information

  • INVESTOR CONTACTS:
    Barrick Gold Corporation
    James Mavor
    Vice President, Investor Relations
    (416) 307-7463
    Email: jmavor@barrick.com
    or
    Barrick Gold Corporation
    Mary Ellen Thorburn
    Director, Investor Relations
    (416) 307-7363
    Email: mthorburn@barrick.com
    or
    MEDIA CONTACT:
    Barrick Gold Corporation
    Vincent Borg
    Senior Vice President, Corporate Communications
    (416) 307-7477
    Email: vborg@barrick.com