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 …
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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 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…
More drills headed to Norman (September 30, 2002)
Drilling by FNX Mining (FNX-T) and contract miner Dynatec (DY-T) continues to cut wide zones of copper-rich massive sulphide mineralization at the Norman property, near Sudbury, Ont.The widest of the …
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 …
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…
Trading Summary (September 27, 2002)
A 1.6% gain by the Real Estate sector wasn’t enough to keep the Toronto Stock Exchange out of the red on Friday. Le…
Royal Gold boosts its royalty stable
Denver-based royalty company Royal Gold (RGL-T) has agreed to take a 93% interest in High Desert Mineral Resources…
Drills turn at Afridi Lake
Titan Drilling has begun drill testing up to ten kimberlite targets on the Afridi Lake property in the Northwest Te…
Kimber kicks off drill program
Vancouver — Kimber Resources (KBR-V) has launched a 3,000-metre reverse circulation drill program over the Monterd…
Gossan targets Bird River Sill
Junior Gossan Resources (GSS-V) is drilling for platinum group metals in the Bird River intrusion in southeastern M…