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Thursday, 30th September 2004 (4697 views)

Wheaton River Minerals has revealed it will continue to acquire gold mines around the world, after a proposed takeover threat has been stopped.<BR/><BR/>The firm now plans up to $500 million of acquisitions, according to the Canadian Press.<BR/><BR/>It hopes to focus on gold projects or companies in Australia, Asia and the Americas and hopes to producer 200,000 ounces or more of the precious metal each year.<BR/><BR/>Chairman and chief executive, Ian Telfer, commented: "We're looking very much forward to getting on with the process of building our company… We're bullish on the metal price; if you're bullish on the metal price you should go and do something right now."<BR/><BR/>The firm, set up just three years ago, has not made any acquisitions since January, although it made six purchases in the 18 months before this.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3499024"/>

 

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