Corporate Information

Share Information

Company Description

• Canada's Placer Dome acquired 50% of the Western Areas mine with effect from April 1, 1999. The mine, the only asset, is now operated as a joint venture and the two partners report their attributable shares of production and profits. Western Areas also receives a 1.75% royalty on gold production.
• Progress continues at the South Deep project (expansion), designed to exploit the world's single largest gold reserve. The new metallurgical plant was scheduled for commissioning in May 2002 and the new shaft system is due to be completed by August 2003. The development of the underground infrastructure is on target and the trackless operations continue to improve.