Dividends (August 22, 2005)

CompanyDiv.PayRecord

	($)	Date	Date
Mesabi Trust	0.37*	Aug 20	Jul 30
Alcoa	0.15*	Aug 25	Aug 5
Goldcorp	0.015*	Aug 26	Aug 17
Endeavour Mng	0.035	Aug 31	Aug 16
Inco	0.10*	Sep 1	Aug 15
Amerigo Res	0.045	Sep 1	Aug 19
Phelps Dodge	0.375*	Sep 2	Aug 12
Russel Metals	0.25	Sep 15	Aug 9
Alcan	0.15*	Sep 20	Aug 19
Novelis	0.09*	Sep 20	Aug 22
Placer Dome	0.05*	Sep 26	Aug 26
Newmont Mng	0.10*	Sep 28	Sep 7
Newmont Mng Can	0.1234	Sep 28	Sep 7
Free McMoR cmn	0.50*	Sep 30	Sep 15
Alcoa $3.75pr	0.9375*	Oct 1	Sep 14
Hecla Mng prB	0.875*	Oct 1	Sep 15

Notes:Amerigo Res has instituted a semi-ann div, with 1st payment of 4.5 on Sept. 1, 2005.

* = U.S. funds, f = formula, e = estimate