Placer Dome reports third-quarter profit.

• Position: Brief Article - Statistical Data Included

Placer Dome Inc. has reported its third-quarter profit has doubled to $34 million (US). Consolidated net earnings amounted to 10 dents per share. Cash flow from operations amounted to $146 million (US), up from $99 million, and mine operating earnings increased to $101 million from $83 million.

During the first nine months of the year, Placer Dome recorded net earnings of just $1-million (US), mainly because of the $116-million write-off of the Venezuelan Las Cristinas project in the second quarter and currency...