Placer Dome is one of the world’s largest and most successful gold mining companies. Based in Vancouver, Canada, the company has interests in 16 mining operations in seven countries and employs more than 13,000 people around the world. The company’s shares trade on the New York, Toronto, Swiss and Australian stock exchanges and Euronext-Paris under the symbol PDG.
In 2003, Placer Dome expanded its presence on the African continent with the acquisition of the North Mara mine in the highly prospective northern region of Tanzania.
North Mara (100% owned): Acquired in mid-2003, this mine in Tanzania is a relatively new facility situated in a largely unexplored and highly prospective gold district. North Mara is surrounded by an extensive package of land, where an aggressive exploration program has added more than one million ounces of reserves since the acquisition. Gold production in 2005 is expected to be approximately 290,000 ounces, a 38% increase over 2004 due to mining operations moving into the higher grade Gokona pit.
On January 20, 2006 Barrick Gold Corporation acquired 81% of shares and gained control of Placer Dome.
Suite 1600 - 1055 Dunsmuir Street
Vancouver BC V7X 1P1
Phone: +1 604 682 7082 +1 604 682 7082
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