CAPITAL MARKETS

Placer deadline for multi-million ounce project

PLACER Dome has two months to decide whether it will spend about US$600 million to build a mine in southwestern Alaska that could produce 1 million ounces of gold a year.

Greg Tubby

Canadian junior NovaGold, which has earned its 10% interest in the Donlin Creek deposit by spending US$10 million on exploration and development over the past 15 months, said Placer has until mid-February...

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