| Business Summary | | Placer
Dome
Inc.
and
its
subsidiary
companies,
joint
ventures
and
associated
companies
(collectively,
Placer
Dome)
are
principally
engaged
in
the
exploration
for,
and
the
acquisition,
development
and
operation
of
gold
mineral
properties,
although
significant
quantities
of
silver
and
copper
are
also
produced.
The
Company's
share
of
gold
production
in
1999
was
derived
from
mines
in
Canada
(25%),
the
United
States
(37%),
Australia
(16%),
Papua
New
Guinea
(17%),
South
Africa
(4%)
and
Chile
(1%).
In
1999,
La
Coipa
Mine
in
Chile
contributed
95%
of
the
Company's
share
of
silver
production,
with
the
balance
from
the
Misima
Mine
in
Papua
New
Guinea.
The
Zaldivar
Mine
in
Chile
and
Osborne
Mine
in
Australia
contributed
65%
and
35%,
respectively,
to
the
Company's
share
of
1999
copper
production.
Consolidated
molybdenum
production
was
from
the
Endako
Mine
in
Canada,
which
was
sold
in
June
1997. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Placer
Dome
Inc.
explores,
acquiries,
develops
and
operates
mineral
properties.
Principal
products
include
gold,
silver
and
copper.
For
the
six
months
ended
6/30/01,
revenues
fell
12%
to
$643
million.
Net
income
before
US
GAAP
and
acct.
change
totalled
$49
million
vs.
a
loss
of
$25
million.
Revenues
reflect
a
decrease
in
the
average
price
of
gold
and
gold
production.
Earnings
were
offset
by
the
absence
of
a
$116
million
write-down
of
mining
interest
charges. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Robert Franklin, 58 | Chairman | Jay Taylor | Pres,
CEO, Director | Rex McLennan, 48 | CFO,
Exec. VP | Ian Austin, 48 | Exec.
VP, Strategic Devel. | James Gowans, 48 | Exec.
VP, Canada |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|