In 1987 Placer Development Ltd. of Vancouver, British Columbia, and Dome Mines Limited of Toronto, Ontario merged to form Placer Dome Inc. With corporate offices in Vancouver, the company specialized in the mining of gold and other precious metals. The merger was initiated to form a larger company that would be less vulnerable to takeover, hostile or otherwise. Placer Dome was subsequently purchased by Barrick Gold in the year 2006.
Turbulent Times
Turbulent Times
Turbulent Times
In 1987 Placer Development Ltd. of Vancouver, British Columbia, and Dome Mines Limited of Toronto, Ontario merged to form Placer Dome Inc. With corporate offices in Vancouver, the company specialized in the mining of gold and other precious metals. The merger was initiated to form a larger company that would be less vulnerable to takeover, hostile or otherwise. Placer Dome was subsequently purchased by Barrick Gold in the year 2006.