Trading Summary (June 10, 2004)

The Toronto Stock Exchange S & P Composite closed up 0.34% or 28.37 points to close at 8,345.49.

The TSE gold index closed up 0.74%, or 1.42 points, to close at 192.45. The diversified metals and mining index closed down 0.26 point, or 0.12%, to finish the day at 213.90 points.

The spot price for gold continued to fall and closed down, in the afternoon in London by $1.90, to finish the day at US$384.95.

Seven mining or exploration companies traded over 2 million shares each.

Wheaton River led the way among the mining stock. The company traded 4.18 million shares to close down 6, or 1.6%, at $3.69. Today Wheaton announced that there was no legal impediment to stop Coeur from directly contacting Wheaton shareholders regarding their proposal to buy Wheaton.

Tahera traded 3.92 million shares (over six times fewer than yesterday) and lost another 5%, or 2, to close at 36. The company’s Jericho mine has been given the go-ahead and it will be Nunavut’s first diamond producer.

Placer Dome traded third in volume. The company traded 3.75 million shares to close up 64, or 3.15%, at $20.93. There was no news to account for the rise.

Metallica Resources shares continued to rise and closed up 5.13%, or 6, to close at $1.23 with a volume of 3.67 million shares traded. The shares are on the rise after plunging last week when it was announced that the company had been denied an explosives operating permit for its Cerro San Pedro project in Mexico.

Guyana Goldfields traded 2.97 million shares and saw its share price fall by 12%, or 22, to close at $1.61. It released more high gold assays at shallow depth today from its Aurora property, in Guyana, South America. One hole intersected, from a down-hole depth of 0 to 46.5 metres, 46.5 metres grading 5.82 grams gold per tonne.

Ashton Mining traded 544,170 shares and saw its value jump 11.89%, or 17, to close at $1.60. They reported encouraging results from a 5.11 tonne mini-bulk sample collected from the Renard 3 kimberlite. The sample graded 153 carats per hundred tonnes and the largest diamond weighed 1.82 carats.

Also in the news, Miramar Mining announced it would be suspending mining at its Yellowknife gold mining operation in mid-July. The share price fell 9%, or 14, to close at $1.41 on a volume of 356,035 shares traded.