Junior market hits all-time low
Vancouver — A lack of buyers combined with a wave of sell orders pushed Canada’s junior exchange to record-setting lows over the report period ended Sept. 24. The TSX Venture Exchange composite index…
Articles by Northern Miner Staff
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…
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…
La Fortuna grows again (September 30, 2002)
A new resource estimate by Noranda (NRD-T) has expanded by 72% the tonnage of secondary mineralization at the El Morro copper-gold deposit in Chile.Noranda can earn a 70% stake in El Morro from Metall…
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…
Sweden’s Storliden makes the grade
Skelleftea, Sweden — Storliden, the first new mine in Sweden in more than a decade, has begun commercial production of copper and zinc on time and under budget.Situated 140 km northwest of the city o…
Greystar zooms in on Angostura
Reassured by the government’s hardened stance against armed rebels and having raised sufficient funds, Greystar Resources (GSL-T) is gearing up to renew drilling at its Angostura gold-silver property …
Correction (September 30, 2002)
In our Sept. 23-29 issue, the caption to the photo accompanying the feature on Freewest Resources Canada (FWR-T) should have read: Exploration geologist Wayne Stewart (background) examines a trench in…
Survey spurs Ontario exploration
Results from a lake-sediment survey completed by provincial geologists in the Lac des les-Black Sturgeon River are expected to stimulate mineral exploration in northwestern Ontario.The survey, carrie…