Trading Summary (July 25, 2002)

A bouncy market day on Thursday left the Toronto Stock Exchange still worse off than before. The TSX composite index fell 103.69 points to 6,278.44, a slide of 1.6% on the day. Only the real-estate sector was higher.

The golds were off 9.79 points at 151.90, a loss of over 6%, as London bullion prices retreated to US$309.45 per oz. Kinross Gold was the volume leader, with 4.5 million shares moving, and it fell 26 to $2.58. Barrick Gold, down 35 at $22.70, and Placer Dome, off $1.23 at $13.25, were also heavily traded.

The TSX Metals and Mining index slid 2.04 points to 118.55. Among the big base metal stocks, only Inco rose, adding 19 to close at $27.14. Smaller Aur Resources also bucked the trend, picking up a penny to finish at $3.55.

The TSX Venture exchange was little changed, losing a fraction of a point to finish at 1,021.90. International Wayside Gold Mines was the most active stock on the Venture board, trading just under 800,000 shares and falling 1 to close at 21.

Anooraq Resources continued to climb on earlier news that it had intersected favorable rocks of the Bushveld gabbro intrusion at its Rietfontein property in South Africa. Trading of just under a quarter-million shares left it at 85, up 2 on the day.

Louvem Inc., which announced earnings of $1.4 million on Wednesday, picked up 9 to close at 30. Production has resumed at the Beaufor gold mine in northwestern Quebec, where Louvem has a 50% interest.