Production pushes Placer profit

GOLD major Placer Dome has upped its earnings for 2004 by 24% to $US284 million, with both gold and copper production exceeding expectations. The company warns, however, that cost pressures remain a reality going forward.

Production pushes Placer profit Production pushes Placer profit Production pushes Placer profit Production pushes Placer profit Production pushes Placer profit

In 2004 the company produced 3.65 million ounces of gold and 413 million pounds of copper at total costs of $US298 per ounce gold and US70c per pound copper.

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