Exchange Rates (September 30, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 24Sept. 23Sept. 20Sept. 19Sept. 18US$ in C$1.58551.58451.5730…
Articles by Northern Miner Staff
Higher gold prices take toll on demand
Faced with a stronger U.S. dollar price and an uncertain economic outlook, global demand for gold fell 14.3% to 729 tonnes during the second quarter, according to Gold Demand Trends, published by the …
Odyssey grabs Turkish prospect (September 30, 2002)
Odyssey Resources (YOD-V) has mobilized a drill to the Trab 23 copper-gold-molybdenum prospect, 75 km south-southeast of Trabzon on the Black Sea coast of Turkey.The company recently inked a deal to a…
Alex Perron
Kirkland Lake prospector and mining entrepreneur Alex Perron has died from complications resulting from cancer. He was 65.Perron, who revived the Kerr Addison mine in Larder Lake after it was closed b…
Ivanhoe ups ante in Pacific Minerals
Vancouver — Looking to get a foothold in China, Ivanhoe Mines (IVN-T) intends to acquire a 42.2% interest in junior explorer Pacific Minerals (PMZ-V).In June, Ivanhoe arranged a US$3-million private …
Ivanhoe reports hot hole at Turquoise Hill (September 30, 2002)
The Turquoise Hill copper-gold project of Ivanhoe Mines (IVN-T) in Mongolia’s South Gobi region just got bigger.A hole drilled at the virgin Far North zone returned 638 metres averaging 1.61% copper a…
Producer and Dealer Prices (September 30, 2002)
Antimony: Recent trades US$1,980-2,300/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-8.00/lb.Copper: Comex Dec US$0.709/lb.I…
Golds lead way
With prices surging US$8 into the mid-US$320-per-oz. range, producers of the yellow metal proved to be the only bright spot in the U.S. markets during the report period ended Sept. 24.The U.S.-listed …
Benchmark lowered again, golds end mixed
Sellers outpaced buyers over the Sept. 18-24 report period, pushing the S&P/TSX Composite Index down 235.91 points. The benchmark finished the week at 6,068.89.The golds swam against the broader marke…
The Northern Miner — Small Producers Index (September 30, 2002)
76.71 (-2.12)(Sept. 30/98 = 100)…
Lending Rates (September 30, 2002)
as of 4 pm ET, Sept. 24, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.79LIBOR US$ 6-month1.75LIBOR US$ 1-year1.82Gold lease 3-month0.24Gold lea…
Spot Prices Wed. September 25, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$325.50+$7.90Silver$ 4.63+$0.05Platinum$564.00+$…