Trading Summary (August 29, 2002)

The golds continued to set the pace on the Toronto Stock Exchange on Thursday gaining10.05 points or 5.7% to make 187.89 points. Their base metal brethren weren’t able to match dropping 1.38 points to 118.61. Overall, the S&P/TSX Composite Index edged up just 10.03 points to 6,589.97 points.

Placer Dome gained 66 to $15.90 on about 5.8 million shares to lead the gold majors in activity. Kinross Gold grabbed 27 to make $3.10 on about 3.6 million shares. Barrick Gold took the bronze with 3 million shares crossing the floor to gain 75 and finish at $24.90.

Cambior ascended 20 or 11.6% to $1.92. On Thursday, Cambior positive results from a feasibility study of its Rosebel open-pit gold project about 80 km south of Suriname’s capital city of Paramaribo.

In the lower ranks, Wheaton River advanced 9 to $1.27, Bema Gold rose 17 or 8.9% to $2.09, and Eldorado Gold claimed 8 to make $1.25. All three issues saw more than a million shares change hands. On Thursday, Bema announced an option deal to earn up to 75% of the high grade Divisadero gold and silver property in El Salvador, from Intrepid Minerals.

Alcan continued to lead the base metal miners with a trading volume of more than 1.1 million shares. The aluminum giant’s shares shed 35 to $43.25. Most of the others put in similar losses. Fording Coal was one exception adding a nickel to hit $23.45.

The TSX Venture Exchange composite index added 4.24 points, or 0.42%, to its value and closed the day at 1014.22 with 25.9 million shares traded.

ECU Silver Mining remained flat at 5 with 1.02 million shares traded. The company recently inked a deal with Trustyard Capital for a private placement of $300,000. ECU Silver owns the Velardena silver mine in central Mexico which has a resource of 2.4 million tonnes grading 269 grams silver and 2.80 grams gold per tonne.

Seahawk Minerals traded 669,500 shares at 1. The company remains in default on its debentures. The total amount currently outstanding, including unpaid interest and penalties, is about $2.35 million. Seahawk is unable to meet either its principal or interest obligations and is currently in negotiations with its debenture holders.

Apac Minerals found a penny and closed at 30 with 484,500 shares crossing the floor. Earlier this summer the junior inked a deal with the Guizhou Bureau of Geology and Mineral Resource on the Nibao gold project in the western part of Guizhou Province, South China. The property hosts widespread gold mineralization within an area of 14 sq. km which has been mapped and sampled in detail.

Platinum Group Metals lost 4 and closed at 87 with 427,188 shares traded. The company reports that a $1.25 million, 10,000 metre, diamond drilling campaign is underway at its Agnew Lake PGE property near Sudbury, Ontario. Agnew Lake is currently under option to Anglo American Platinum and Pacific North West Capital. Anglo Platinum may earn up to a 60% interest in the property by arranging a 100% project financing and bringing the project into commercial production. Platinum Group Metals and Pacific North West Capital would each retain a 19.5% interest under the terms of the agreement with Anglo Platinum, once the earn-in requirements have been met.