CAPITAL MARKETS

Write-down puts Placer in the red

PLACER Dome plunged into the red during the third quarter after North America's fourth-largest gold producer wrote down its Getchell gold mine in Nevada.

Greg Tubby

Write-down puts Placer in the red

The Canadian company said "extensive analysis" of the Gretchell mine failed to identify a mine plan that would recover the carrying value of the asset and provide a satisfactory return to shareholders....

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