To maximize asset growth through the successful acquisition, exploration, development and production of selective gold and base metal properties. Placer Mining Corp to implement Eco-Safe green extraction methods to recover gold, silver and platinum values from the gravels located on Placer Mining Corp’s properties. Water and gravity will be the main separation methods used for gold extraction and non-toxic leach technology will be used in the black sands processing plants.
Latest News
(Reuters) - Gold held steady on Wednesday near its highest level in more than two weeks, taking a breather after the Greece bailout deal fuelled a rally in the previous session.
FUNDAMENTALS
* Spot gold rose to a 2-1/2-week high of $1,759.84 an ounce in early trade, before paring some gains to $1,756.81 an ounce by 0028 GMT, down 0.1 percent from the previous close.
* U.S. gold was little changed at $1,758.70.
* $1,760 has been the top of a range in which gold prices have seesawed since late January, and is considered a key resistance level.
* Gold prices rallied more than 1 percent on Tuesday after euro zone finance ministers agreed on a 130 billion euro bailout for Greece, which sent the euro to its highest in nearly two weeks and depressed the dollar index .DXY.
* The euphoria across asset classes after the Greek deal faded rapidly, as concerns about implementation of unpopular reforms in Greece resurfaced.
* Investors will be watching China's HSBC flash manufacturing activity survey. A strong reading would help underpin the risk appetite.
MARKET NEWS
* U.S. stocks ended little changed on Tuesday, paring gains after the Dow topped 13,000 for the first time since May 2008, and as higher oil prices damped prospects for the economy.
* The euro struggled to make any headway in Asia on Wednesday, having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal quickly gave way to concerns about economic growth and implementation risks.
