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Author: Admin | 2025-04-28
Of Kiena Gold Mines Ltd.), Sigma Gold Mines Ltd. in 1988 (0.97 shares of Placer Dome Inc. for each share of Sigma Gold Mines Ltd.), Placer Pacific Ltd. in 1997 (0.066 shares of Placer Dome Inc. for each share of Placer Pacific Ltd. held), Getchell Gold Corporation in 1999 (2.45 shares of Placer Dome Inc. for each common share of Getchell Gold Corporation held), AurionGold Ltd. in 2003 (17.5 shares of Placer Dome Inc. for every 100 AurionGold shares, plus US$0.28 per AurionGold share), and East African Gold Mines Ltd. in 2003 ($252.4 million in cash).[4]In 2002 the first 3.6 tonne, 17 kW, hydrogen-powered hydrail mining locomotive for Placer Dome was demonstrated in Val-d'Or, Quebec.[6]Placer Dome was generally perceived as more progressive than its competitors in terms of community engagement and environmental concerns, although its rushed context analysis and community engagement in the set up of Porgera Gold Mine resulted in misunderstandings and community tension that led to "war" between the local population and Placer Dome, and also later Barrick Gold, once they bought Placer Dome.[3]In August 2005 Placer Dome had interests in 16 mining operations in seven countries: Campbell, Musselwhite, and Porcupine in Canada; Golden Sunlight, Turquoise Ridge, Cortez, and Bald Mountain in the United States; Zaldívar and La Coipa in Chile; North Mara in Tanzania; South Deep in South Africa; Porgera in Papua New Guinea; and Osborne, Henty, Kalgoorlie, and Granny Smith in Australia.[2]In New South Wales Australia, Placer Dome obtained ownership of the defunct Timbarra Gold Mine,
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