CAPITAL MARKETS

Placer climbs to 56% of AurionGold, posts quarterly profit

CANADA'S Placer Dome has finally gained control of what was Australia's largest remaining independent gold producer after increasing its stake in AurionGold to 55.73% from 48.35%.

Greg Tubby

Placer climbs to 56% of AurionGold, posts quarterly profit

Placer's move up the registry comes after AurionGold's management last week finally capitulated to the bid after a five-month struggle and recommended the offer to shareholders. AurionGold's 1 million...

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