Trading Summary (September 13, 2002)

The Toronto Stock Exchange ended the week with a 21.71-point loss coming in at 6,495.26 points on Friday. The energy sector, plus 1.1% and financial sector, up 0.1%, were the only subindices to finish in the black. The golds dropped 1.34 points to 203.84, while the base metal issues dropped 1.03 points to 116.68.

Kinross Gold was the most active gold major falling a dime to $3.62 on a trading volume of about 6.4 million shares. Placer Dome was next in line with more than 2.5 million shares crossing the floor to gain 19 to make $16.95. Barrick Gold shed 15 to hit $27.55.

Among the junior set, Manhattan Minerals made news releasing the preliminary results of a independent feasibility study of its Tambo Grande project in Peru. The company’s issue edged up a penny to 50.

NovaGold Resources grabbed 15 to reach $5.55. Late on Friday, the company announced that trenching has turned up some high grade gold values more than 130 meters southwest of the currently drilled resource at its Rock Creek project in Nome, Alaska. .

Queenston Mining shot up 7 or 8.75% to 87. On Friday, Queenston announced the discovery of a new gold zone on its Kirkland Lake gold project in northeastern Ontario.

The base metal miners put in a mixed performance. Alcan was at the head of the class trading nearly 1.7 million shares, but falling 46 to $40.59. Fording Coal was next in line with more than 1.1 million shares traded; the issue dropped 15 to $22.65.

On the plus side were: Sherritt International, plus 9 to $4.70; uranium miner Cameco, up 15 t o$30.38; and LioOre Mining International, which finished a nickel higher at $3.70.