Trading Summary (April 25, 2002)

The golds were outpaced by only the oil sector on the Toronto Stock Exchange on Thursday gaining 27.49 points to hit 6,418.87. The yellow metal enjoyed US$3.50 rise in New York to reach US$307.70 per oz. The base metal miners fell 22.04 points to 4,469.31. In the end, the TSE shed 27.11 points to 7,686.3.

Gold miners were well represented on the TSE’s top ten traded list. TVX was the exchange’s busiest issue with about 13.1 million share on the go. The stock rose 6 to $1.19.In third place, Kinross Gold fell 2 to $2.63 on 7.2 million shares. Placer Dome, Barrick Gold and Bema Gold rounded out the top ten gaining 3 to $19.48, 44 to 30.55, and 8 to $1.29, respectively. Bema’s close was good enough for a new 52-week high.

Wheaton River Minerals lost 2 to $1.15 after announcing plans to buy Luismin, Mexico’s third largest producer of silver and second largest producer of gold, for up to US$90 million in cash and shares.

On the diamond watch, Twin Mining climbed 4 or 11% to 40 after announcing that it has added 32 new claims covering 334 sq. km over some potential kimberlite targets on the Brodeur Peninsula of Baffin Island in Nunavut. The claims are within 100 km north and south of its Freightrain pipe, and bring to 989 sq. km Twin’s landholdings in the area.

Most of the base metal miners ended the day in the red. Inco dropped 89 to $30.16 with about 1.8 million shares on the move to rank as the busiest. Aur Resources fell a dime to $4.10 after posting first-quarter net earnings of $2.6 million (3 per share), compared with year-ago earnings of $1 million (1 per share).

Uranium miner Cameco was the lone gainer in the metal & minerals subindex, climbing a quarter to $57.86 on 757,944 shares.

On Monday, Cameco said it had discovered significant uranium mineralization on a site in northern Saskatchewan adjacent to its West Bear property in the Athabasca Basin area of Saskatchewan.

Canada’s junior exchange opened to the plus side and then slowly drifted lower throughout the session to finish the day solidly in the red. The Standard & Poor’s-CDNX Composite Index fell 5.68 points, or 0.5% and closed at 1,159.89.

Consolidated Goldwin Ventures lost 1 to close at 13 on 348,150 shares. The junior recently inked a deal to pick up an interest in the GSL1,6,7,8,9 and 10 diamond claims some 50-km southeast of Yellowknife.

American Bonanza Gold Mining ended the day unchanged at 11 on 445,500 shares. Royalty firm Royal Gold recently terminated a financing agreement with the junior over its Copperstone gold project in Arizona.

Starfield Resources continued to trade actively, ending the session down unchanged at 99 on 346,380 shares. The junior currently has the drill rigs turning on its Ferguson Lake nickel-copper-platinum-palladium property in Nunavut.

Masuparia Gold ended the day flat at 9 on 308,500 shares. The company is working the Greywacke gold property north of La Ronge Saskatchewan.