Northern Miner Indices (January 13, 2003)

NORTH AMERICAN MINING INDEX

CompanyTickerWeight

BarrickABX-T19.5%

CamecoCCO-T3.1%

FalconbridgeFL-T4.0%

Freeport BFCX.B-N5.7%

Glamis GoldGLG-T3.3%

GoldcorpG-T5.4%

IncoN-T9.0%

Meridian GoldMNG-T4.0%

Newmont MiningNEM-N23.8%

NorandaNRD-T5.0%

Phelps DodgePD-N6.6%

Placer DomePDG-T10.7%

SMALL PRODUCERS INDEX

CompanyTickerWeight

Apollo GoldAPG-T2.4%

Aurizon MinesARZ-T1.6%

BolidenBLS-T3.6%

CambiorCBJ-T6.7%

Coeur d’AleneCDE-N5.6%

EldoradoELD-T7.5%

First QuantumFM-T3.0%

Golden StarGSC-T4.1%

HeclaHL-N12.8%

High River GoldHRG-T3.4%

InmetIMN-T4.4%

Miramar MiningMAE-T4.4%

Northgate ExplNGX-T5.4%

Richmont MinesRIC-T1.7%

Rio NarceaRNG-T2.9%

River GoldRIV-T2.7%

Royal GoldRGL-T13.8%

Stillwater MiningSWC-N6.8%

Thistle MiningTHT-T2.0%

Wheaton RiverWRM-T5.2%

Weights current in first quarter, 2003