Trading Summary (April 05, 2002)

The Toronto Stock Exchange finished the week off with a 2.62-point loss closing Friday’s session at 7,781.4. Plus-1% gains by the Metals & Minerals, Paper & Forest and Financial Services subindices helped to counter a 2.6% decline by the Industrial Products subgroup. The golds dropped 54.31 points while the base metals issues gained 52.53 points.

Well down the most active list, Caldera Resources was the country’s busiest miner gaining 4.5 or 24% to 23 on about 1.5 million shares. Caldera is looking for diamonds, gold and base metals in Australia.

Trailing right behind were Placer Dome, off 31 at $18.50; and Kinross Gold, 8 lower at $2.05, each with just more than 1.4 million shares on the go.

Alcan was the most traded base metal miner rising 84 to $61.52 on about 1.15 million shares. Also on the plus side were: Inco, up 26 to $30.60; Falconbridge plus 34 to $18.34; Noranda, which found 27 to make $17.78; and Teck Cominco’s B shares, 53 to the good for $14.73.

Junior Chesbar Resources gained 3 pennies or 11% to 30 with 232,250 shares changing hands. The company has agreed to acquire the Buena Vista nickel magnesium laterite project in Izabal state, Guatemala, from joint venture partner Intrepid Minerals by issuing about 1.2 million shares.

Canada’s junior exchange ended a lack-lustre week by posting modest gains. The S&P-CDNX Composite Index added 2.32 points, or 0.2% to close at 1176.50.

Guyana Goldfields topped the most actively traded chart adding 4 on news that an environmental impact statement will be submitted for its Peter mine property by June. Shares in the junior ended the week at 46 on a volume of over 1.06 million. The study will be delivered with an independent feasibility study.

Montoro Resources dropped 1 to close at 4 on 952,000 shares. The junior inked a letter of intent to earn a 50% stake Malachite cobalt property in the Bathurst area of New Brunswick. The company must make $17,000 in staged payments and issue 150,000 shares in two tranches, as well as spend $100,000 by September 30, 2003.

Tyler Resources added 3 to close at 13 on 624,000 shares. Tyler holds a stake in the Crystal diamond property in the Northwest Territories.

Shares in Kensington Resources fell victim to profit taking after posting impressive gains over the past month. Stock in the company fell 2 to end the day at $1.78 on a heavy volume of 205,200. Diamond recovery results for 10 holes drilled at the Fort la Corne diamond project in Saskatchewan are expected any day now.