Newmont offers $220-million to pay off unit's obligations

Article Abstract:

Denver, Colo.-based Newmont Mining Corp., which is the largest gold producer in the world, has offered nearly $220 million to pay off its debts. Newmont Mining, which will use the offering to pay off notes and hedging contacts, is led by chief executive officer Wayne Murdy.

United States, Newmont Mining Corp., NEM

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Placer racks up record profit on higher gold prices

Article Abstract:

Vancouver, BC-based Placer Dome Inc., which is a leading producer of gold in Canada, reported strong first quarter earnings. Placer Dome, which reported $64 million in profits for the first quarter ended March 31, is led by president and chief executive officer Jay Taylor.

Placer Dome Inc., PDG

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Flooded mine hurts Cameco

Article Abstract:

Cameco Corp. has reported that its McArthur River uranium operations have been flooded, posing a massive financial loss to the company. The Saskatchewan mine will be forced to halt production for about six months.

Cameco Corp.

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