Northern Miner Indices (May 26, 2003)

NORTH AMERICAN MINING INDEX

CompanyTickerWeight

BarrickABX-T20.0%

CamecoCCO-T3.6%

FalconbridgeFL-T4.6%

Freeport McM BFCX-N5.8%

GoldcorpG-T4.5%

IncoN-T8.0%

Kinross GoldK-T4.5%

Newmont MiningNEM-N24.6%

NorandaNRD-T4.8%

Phelps DodgePD-N6.8%

Placer DomePDG-T9.5%

Teck ComincoTEK.B-T3.2%

SMALL PRODUCERS INDEX

CompanyTickerWeight

Apollo GoldAPG-T2.8%

BolidenBLS-T4.2%

CambiorCBJ-T6.1%

Coeur d’AleneCDE-N5.6%

Crystallex IntlKRY-T2.6%

EldoradoELD-T8.1%

First Quantum FM-T4.1%

Golden Star ResGSC-T5.0%

HeclaHL-N10.3%

High River GoldHRG-T3.9%

InmetIMN-T4.8%

Miramar MiningMAE-T3.3%

North Amer PdPDL-T3.7%

Northgate ExplNGX-T6.7%

Rio NarceaRNG-T3.0%

River GoldRIV-T2.2%

Royal GoldRGL-T7.7%

StillwaterSWC-N3.1%

Thistle MiningTHT-T2.6%

Wheaton RiverWRM-T10.2%

Weights current in second quarter, 2003