CAPITAL MARKETS

Delta and Placer look at a down-sizing Wallaby

DELTA Gold and Placer Dome will consider trimming the size of their proposed $230 million Wallaby gold operation in Western Australia if negotiations with neighbour Homestake Gold of Australia continue to falter.

Stephen Bell

Delta (40%) and Placer (60%) hoped to give the go-ahead for Wallaby - 11km from their existing Granny Smith mine - earlier this month. But the partners' development schedule has been shipwrecked by Homestake,...

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