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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (63918)	2/17/2001 6:31:03 PM
From: lorne	Read Replies (1) \| Respond to of 116764

Placer Dome posts fourth-quarter loss on writedowns. TORONTO, Feb 15 (Reuters) -" Canadian gold company Placer Dome Inc. (Toronto:PDG.TO - news) on Thursday posted a loss for the fourth quarter on a previously announced writedown of $212 million on the value of some of its gold properties due to lower gold prices." " He said the company also expects to incur capital expenditures of about $275 million in 2001 and will spend $50 million on exploration, more than half of it focused on existing mines." Full story >>> biz.yahoo.com