Placer Dome enjoys record quarterly profit
Vancouver — Increased production and a higher realized gold price enabled Placer Dome (PDG-T) to generate record earnings in the first quarter.The company earned US$64 million (or US16 per share) on…
Golden Sunlight 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…
To move a mountain
The timing was ironic and largely unnoticed, but it was indeed interesting to note that at the same time the Montana State Legislature was meeting in Helena to fix a US$50-million hole in the state bu…
AurionGold rejects cash-sweetened bid
Vancouver — Directors of Australian miner AurionGold are sticking to their guns and advising shareholders to reject a revised, hostile bid from Placer Dome (PDG-T).With falling gold prices knocking P…
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…
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 …
Fire assaying taught in Montana
A short course in fire assaying will be held at Montana Tech, part of the University of Montana, from Aug. 19 to 24.The event, titled “Fundamentals and Applications of Fire Assay,” is being organized …
Placer squeezes more gold out of Pipeline
Denver — The start of mining at the South Pipeline deposit and an ore-sales agreement with the Jerritt Canyon operation are expected to contribute to a 17% increase in gold output at the Pipeline com…
Power problems mount for U.S. miners
Denver — The dramatic rise in electricity costs for mining operations in the western U.S. continues to threaten the industry. Blackouts are again keeping Californians in the dark, and deregulation go…
Energy costs hurt American mining
Denver — The collective effort of mining companies to cut costs and improve profits is being jeopardized by high power costs, particularly in the western U.S., where an emerging energy crisis is send…
NEVADA & THE WESTERN STATES — Placer, Kennecott keep production in the Pipeline
The Pipeline gold mine in Nevada’s Crescent Valley is to Placer Dome (PDG-T) what the Goldstrike property is to Barrick Gold — a production cornerstone.The mine is owned, on a 60-40 basis, by Placer …