Placer Dome gives nod to Getchell project
Vancouver — Placer Dome (PDG-T) is preparing to start up the Turquoise Ridge gold mine, part of the Getchell project in northwestern Nevada’s Humboldt Cty.The daily milling rate is projected to be 1,…
Turquoise Ridge Mine
Placer set to boost production profile (October 28, 2002)
Vancouver — Placer Dome’s (PDG-T) diminished share price is puzzling in light of the company’s improved financial performance, says President Jay Taylor.”I just can’t believe how the market has price…
It’s the real thing, says Ing
The bear market of the past six years has been a lonely time for gold bugs, so it has to be gratifying for John Ing, one of gold’s steadfast defenders, to see signs that the market is turning.In a May…
Getchell mine pushes Placer into red
Vancouver — Placer Dome (PDG-T) posted a US$29-million profit during the fourth quarter of 2001, but US$301 million in writedowns pushed the company US$133 million into the red for the year.Quarterly…
War on terrorism will trigger renewed bout of inflation: Ing
The most bullish of Bay Street’s gold bugs, John Ing of Maison Placements Canada, says we are about to enter a period of inflation that will dramatically improve gold prices in the medium term.In an O…
Getchell drags down Placer (November 05, 2001)
Vancouver — A US$292-million writedown on the Getchell mine, near Winnemucca, Nev., pushed North America’s fourth-largest gold miner deep into the red during the third quarter.The one-time charge cau…
Placer bucks trend, posts profit
Vancouver — A strong second quarter augurs well for Placer Dome (PDG-T) as the company sets about developing various deposits to replace its aging mines.The major cranked out 747,000 oz. gold during …
Writedowns translate into loss for Placer Dome
Vancouver — Placer Dome (PDG-T) felt the brunt of lower gold prices as US$377 million in writedowns pushed the company into the red during 2000.Despite record cash flow and operating earnings, the co…
Placer Dome posts positive results for 1999
Despite incurring US$95 million in merger and write-down costs, Placer Dome (PDG-T) managed to turn a healthy profit in 1999.North America’s third-largest gold mining company earned US$35 million, (or…
Cortez boosts profits for Placer Dome
Increased production and lower costs at the Cortez gold mine in Nevada, combined with improvements at other operations, enabled Placer Dome (PDG-T) to post solid profits for the first nine months of t…
Placer halts Turquoise Ridge, finds zone at Pipeline
Some two months after a US$1.1-billion merger with Getchell Gold, Placer Dome (PDG-T) has stopped production and milling at the problem-plagued Turquoise Ridge gold mine northeast of Winnemucca, in no…
Low price takes shine off Las Cristinas
The current slump in gold prices is causing Placer Dome (PDG-T) to consider suspending the US$575-million Las Cristinas project in Bolivar state, Venezuela.Placer Dome has a 70% stake in the project, …