Trading Summary – TSX (January 23, 2004)

The Toronto Stock Exchange’s gold index fell another 0.34 of a point to 205.1 on Friday to string together three straight days of losses. The diversified miners managed to scrape together 0.99 of appoint to make 227.43. Overall, the <>BS&P//TSX composite index edged 15.62 points higher to 8,604.73.

Shares Anatolia Minerals Development shot up 24, or more than 17%, to a new 52-week high of $1.65. On Thursday, the junior announced that Kinross Gold had agreed to subscribe to a private placement of 4 million shares at US$1.35 apiece. In the end, Kinross will own about 10.2% of Anatolia’s outstanding shares. Anatolia plans to use the US$5.4 million in proceeds to fast-track its Copler gold project in Turkey, as well as to redeem US$2 million in preferred shares granted to the property’s original license owner.

Wheaton River Minerals ended 8 lower at $3.55 on 3.6 million shares after it said it plans to acquire the remaining 10.3% of North American Metals it does not already own for $855,000, and privatize the company. Wheaton says it is no longer necessary to maintain the subsidiary as a public company since the closure of the Golden Bear operation in Northern British Columbia.

GoldCorp advanced 11 to $17.92 on 602,856 shares. On Friday, the mid-tier gold producer said that it has sold a shade more than 1.4 million shares of Vancouver-listed Madison Enterprises. GoldCorp still holds more than 3.35 million shares plus 2.5 million warrants, or 7.58% of Madison on a partially diluted basis.

Ivanhoe Mines was the busiest base metal issue jumping 72, or 7.8%, to 10.01. An independent study of Ivanhoe’s planned development of its Turquoise Hill copper and gold project in Mongolia is due to be released in early February. The study period was extended last month to allow evaluation of a variety of mining options.