Gold and Mining Stocks Directory

www.GoldMining.Org - Listed Mining Companies on TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges .


Abacus Mining & Exploration (TSX: AME) is a Vancouver-based junior sized exploration company publicly traded on the TSX Venture Exchange. Its exploration strategy is to focus on areas known for historic production and employ modern day exploration technology and techniques to maximize a property's potential. Its long term objective is to develop mineral properties to an economically viable status. Through its activities, we aim to enhance shareholder value.

Abcourt Mines (TSX:ABI.V; OTCPK:ABMBF) Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada.

Aber Diamond Corporation (NASDAQ: ABER) is a specialist diamond company focusing on the mining and retail segments of the diamond industry. The company supplies rough diamonds to the global market through its 40% ownership in the Diavik Diamond Mine, located off Lac de Gras in Canada's Northwest Territories. Aber also holds a 51% interest in Harry Winston Inc., the premier retailer of diamond jewelry.

Aberdeen International (OTCPK:AABVF) Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector.

Abitex Resources Inc. (TSX:ABE.V) Abitex Resources Inc. is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of exploration projects in Eastern Canada, two of which have historical gold and nickel resources.

Acadian Gold Corporation (TSX:ADA.TO) Acadian is a Halifax, Nova Scotia, Canada based mining company which operates a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada.

Acclaim Exploration NL (AEX.AX) Acclaim Exploration NL (AEX) is involved in minerals exploration and development. The company is focused on it's the wholly owned Wingellina nickel oxide project.

Acero-Martin Exploration Inc (CDNX:ASD.V), Acero Martin's 100%-owned Pinaya project hosts one of Peru's newest and richest copper-gold porphyry/skarn deposits. The project is located approximately 110 km northeast of Arequipa and is favoured with excellent nearby mining infrastructure.

Action Minerals Inc. (TSX:ATM.V) Action's primary focus at this time is base metal properties with the potential for additional precious metal credits.

Active Control Technology Inc. (TSX.V: ACT) designs, manufactures and markets wireless control and communication systems for buildings and extreme environments. The Company's CLiK64™ wireless platform provides secure networks for buildings, parking lots, gated communities and other spaces. ActiveMine™ is ACT's new fully-integrated, 100% wireless communications and locating technology for underground mines.

Adamus Resources Limited (TSX.V: ADU; ASX: ADU) is a Perth-based emerging gold focused on realizing the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa.

Adanac Moly Corporation (TSX.V: AUA) has three molybdenum and/or copper/molybdenum deposits in the state of Nevada.

Adriana Resources Inc. (TSX.V: ADI) A mineral exploration and development company with advanced and early staged mineral projects in Canada and Finland. The individuals comprising Adriana's Board have an impressive record in their previous associations in identifying and successfully developing mineral deposits through to production.

Adroit Resources Inc. (TSX:ADT.V) Adroit Resources is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami/Cobalt and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA.

Afrasia Mineral Fields Inc (TSX:AFS.V) Afrasia is a publicly listed company actively seeking a project of merit.

African Copper PLC (TSX: ACU) is an international exploration and development company. The Company has a 100% interest in the rights to two properties the northern Dukwe Project which contains a near production target (the Dukwe deposit) and a number of exploration areas, and the southern Matsitama Project which contains a large number of prioritized exploration targets.

African Gold Group, Inc. (TSX.V:AGG) is a Canadian based precious metals exploration company with a portfolio of exploration properties strategically positioned on three of Ghana's pre-eminent Gold Belts. AGG's immediate focus is to leverage its considerable African experience in systematically exploring both surface, and in particular, subsurface targets along the major gold trends delineating current AGG license areas, namely the Sefwi, the Asankrangwa and the Ashanti Gold Belts.

Afri-Can Marine Minerals Corporation (TSX.V: AFA) is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia.

African Metals Corp (TSX.V: AFR) Exploring for Gold and Diamonds in West Africa.

African Platinum plc (OTC.PK: AFRPF) formerly known as Southern African Resources, is an exploration, investment and development business focused on platinum group metals.

AfriOre (TSX: AFO) is focused on the exploration and development of platinum and gold projects in Africa.

Agnico Eagle (NYSE: AEM) Agnico-Eagle Mines Limited is an established Canadian gold producer with operations located principally in northwestern Quebec and exploration and development activities in Quebec, Ontario and Nevada. Agnico-Eagle is focused on the expansion and large scale exploration program of its LaRonde Mine which is expected to result in increased gold production and expanded gold reserves.

Aguila American Resources Ltd. (TSX:AGL.V) Aguila American Resources Ltd. is a publicly traded, natural resource development company involved in the exploration and development of mineral properties.

Alamos Gold Inc. (TSX: AGI) owns the 100% owned Mulatos Mine, located within the 28,500 hectare Salamandra group of concessions in Sonora, Mexico. Mulatos is a high sulfidation, epithermal gold deposit occurring in oxide, mixed oxide/sulfide and sulfide ore types containing over 3 million ounces of gold resources.

Alberta Star Development Corp. (TSX.V: ASX) is a Canadian mineral exploration company that identifies, acquires, finances advanced stage mineral exploration projects in Canada.

Albidon Limited (ALB.AX) is a minerals exploration company with a focus on nickel and platinum group elements (PGE). All company's projects are located in Africa, with the main focus on conducting the bankable feasibility study on the Munali project in Zambia.

Alcoa Inc. (NYSE: AA) is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry.

Alderox, Inc. (OTCBB:AROX) Alderox, Inc. manufactures and globally markets its Alderox® line of release agents and lubricants to heavy industry. The Company's patented formulations, which are 100% environmentally friendly, biodegradable, non-hazardous and non-toxic, are used to reduce or eliminate the massive problems associated with the build-up of materials in mining haul truck beds and on mining handling equipment

Aldershot Resources Ltd. (TSX.V: ALZ) is a Canadian based company focused in uranium exploration with Projects in Quebec, Australia and Zambia and an active global Project generation program. Aldershot has an experienced Board and Senior management team with over 20 years Uranium exploration experience primarily in Australia.

Aldridge Minerals, Inc. (TSX.V: AGM) is focused on exploration & development of mineral commodities in Turkey, and has gold-silver, gold-silver-copper-lead-zinc, and nickel-cobalt projects in its portfolio.

Alexandria Minerals Corporation (TSX.V:AZX) Alexandria Minerals is a junior gold exploration company focused on under-explored, high-potential mineral properties in the world-class gold mining camps of Ontario and Quebec, Canada.

Alexco Resource Corp. (TSX: AXR) unlocks value and manages risk at mature, closed or abandoned mine sites through integration and implementation of the Company's core competencies which include management of environmental services, execution of mine reclamation and closure operations and if appropriate, rejuvenation of exploration and development activity.

Alexis Minerals Corporation (TSX.V: AMC) holds a portfolio of properties covering approximately 212 square kilometres in the Val d'Or area and considered highly prospective for both gold and base metals. Alexis has a clear route to 100% ownership in the properties and maintains an option to purchase the 1400 tonne per day Aurbel gold mill. The Company has also entered into option agreement with Falconbridge Limited (formerly Noranda Inc.) wherein Alexis will earn a 50% interest in all of Falconbridge's properties in the prospective Rouyn-Noranda base metal and gold camp, Quebec. The Falconbridge properties cover approximately 825 square kilometres in the Rouyn-Noranda area.

Alhambra Resources Ltd. (TSX.V: ALH) is a Canadian based gold exploration and production corporation engaged in the exploration of and production from its 100% owned Uzboy Project. Alhambra is currently in its sixth year of operations in the Republic of Kazakhstan.

Allegheny Technologies Inc. (NYSE: ATI) is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $2.7 billion in 2004. ATI has approximately 9,000 full-time employees world-wide who use innovative technologies to offer growing global markets a wide range of specialty materials solutions. Our principle markets are aerospace, construction and mining, chemical processing/oil & gas, food equipment and appliance, automotive, electrical energy, machine and cutting tools, and medical. Our products include nickel-based alloys and superalloys, titanium and titanium alloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, silicon and tool steels, and forgings and castings.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP's predecessor companies began mining operations in 1971 and has since grown through acquisitions and internal development to become the sixth-largest coal producer in the eastern United States.

Allyn Resources (TSX.V: ARR) is a resource company involved in mineral exploration in Canada.

Alma Resources Ltd. (TSX.V: ALV) is dedicated to pursuing and developing significant silver, gold and additional base metal opportunities. Currently focused in silver-rich Mexico, Alma Resources is committed to the aggressive pursuit of properties with high return-on-investment and maximizing the value of assets through disciplined process of assessment, responsible acquisitions, and intentions of taking acquired properties from exploration into production.

Almaden Minerals Ltd. (TSX: AMM) is a mineral exploration company specializing in developing new mineral project in western north America and forming joint ventures to explore and develop them. Currently Almaden has 15 active joint ventures, including 10 in which other companies are carrying all costs in order to earn an interest in the related projects.

AlphaGold Corp. (TSX: ALQ) is a junior mining company exploring for gold in central British Columbia. It is exploring its Lustdust mineral property, located approximately 250 kilometres northwest of Prince George in north-central British Columbia, Canada. The property boasts excellent infrastructure with all-weather logging roads to Ft. St. James and with access to rail and a 34.5 KV hydro line 40 kilometres away at Takla Landing.

Alpha Natural Resources, Inc. (NYSE: ANR) and its subsidiaries are a leading Central Appalachian coal producer with significant operations in Northern Appalachia. Their reserves primarily consist of high Btu, low sulfur steam coal that is currently in high demand in U.S. coal markets and metallurgical coal that is currently in high demand in both U.S. and international coal markets.

Altai Resources Inc. (TSX.V: ATI) is a Canadian mining exploration company with a portfolio of natural gas, gold, nickel and industrial mineral properties in Canada and Philippines.

Altima Resources Ltd.(TSX:ARH.V) Altima Resources Ltd is a junior energy company engaged in the exploration and development of petroleum and natural gas in Western Canada.

Altius Minerals Corporation (TSX: ALS) is a diversified resources business that is based in Newfoundland and Labrador. Altius has a collection of assets that include strategic equity stakes in two public companies it helped create in 2005; Aurora Energy Inc. (TSX:AXU) and Rambler Metals and Mining Plc. (TSX-V:RAB), a royalty interest in the world-class Voisey's Bay nickel district in Labrador, Canada, and a strong treasury in excess of $85 million. It also has exposure to gold, base metals, and uranium through a varied exploration portfolio that is largely funded by senior joint venture partners.

Alto Ventures Ltd. (TSX.V: ATV) is a gold exploration and development company with a portfolio of eleven properties in the Canadian Shield.

Alturas Minerals Corp. (TSX.V: ALT) is a Canadian corporation, and is the parent of Alturas Minerals S.A. ("Alturas Peru"). Alturas Peru has been actively exploring various mineral projects in Peru since January 2004. The principal assets of Alturas are four mineral exploration projects located in southern Peru, being the Huilacollo Gold Project, the Banos del Indio Gold Project, the Utupara Copper-Gold Project and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru has interests in fourteen other exploration projects in Peru. Alturas' exploration strategy is focused on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits.

Alumina Limited (NYSE:AWC) Alumina Limited is a leading Australian company with a strategy to invest world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through our 40% ownership of Alcoa World Alumina & Chemicals (AWAC), the world's largest alumina business.

Aluminum Corp. of China Ltd. (NYSE: ACH) produces alumina and primary aluminum in China. The company produces and sells alumina-related products, which comprise alumina, alumina hydrate, alumina chemicals, and gallium.

Amador Gold Corporation (TSX.V: AGX) is a Junior Mineral Exploration company based wholly in Canada. Amador's projects include gold, silver and base metal ventures.

Amanta Resources Ltd. (TSX.V: AMH) Amanta Resources Ltd. is focused on mineral exploration, development and production in Thailand and the Southeast Asian region. The Company concentrates on the systematic evaluation of known mineral occurrences, rather than "greenfields" exploration, creating early opportunities to finance and develop mines.

Amarc Resources Ltd. (TSX:AHR.V) Amarc Resources Ltd. is a Vancouver based exploration and development company, focused on making the next major new mineral deposit discovery in the Province of British Columbia.

Amera Resources Corporation (TSX: AMS; OTCBB: AJRSF) Amera Resources Corporation is a gold exploration company focused on the America's. The Company has key projects in Argentina, Peru and Nevada and through the management's network of contacts in the resources sector new opportunities are constantly being evaluated.

American Bonanza Gold Mining Co (TSX.V: BZA) Bonanza is gold company engaged in the acquisition, exploration and development of high-grade gold properties located in the United States and Canada. Bonanza is advancing both its Prefeasibility stage Copperstone gold project in Arizona and the Fenelon gold project in Quebec. Bonanza has 85.3 million shares outstanding and is well financed with no long-term debt.

American Creek Resources Ltd. (TSX:AMK..V) American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits within the Province of British Columbia, Canada.

American Goldfields Inc. (OTCBB:AGFL) American Goldfields Inc. is a natural resource exploration company engaged in the acquisition and exploration of mineral properties within the Americas.

American Uranium Corporation (OTCBB:AUUM) uranium exploration company that is dedicated to the acquisition and development of uranium properties within the United States.

Amerigo Resources Ltd (TSX:ARG.TO) Amerigo Resources Ltd. is a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile.

Amerix Precious Metals Corporation (TSX:APM.V) Amerix Precious Metals Corporation is an Ontario corporation exploring for precious metals in Brazil. Vila Porto Rico and Limao are gold projects in the Tapajos Gold Province in Brazil.

Amex Exploration Inc. (TSX:AMX.V) Amex Exploration Inc. is a junior mining exploration company whose primary objective is to develop and bring into production viable gold and base metal deposits.

Amarillo Gold Corp. (TSX.V: AGC) is a relatively young exploration company focused on acquiring, discovering and defining gold resources in Brazil.

AMI Resources Inc. (TSX:AMU.V) AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary AMI Africa Exploration Ltd.(formerly Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa.

AmMex Gold Mining Corp. (OTCBB:AMXG) a precious metals exploration and development company. It is management's objective for AmMex Gold to become a gold and precious metals producer by developing projects in Mexico and Nevada, and by acquiring other advanced-stage projects and/or producing mines in proven precious metal districts throughout the world

Anaconda Gold Corp. (TSX: ANX) is a Canadian mining company focused on exploring for and developing mineral deposits into profitable mines. Managed by a team of mining professionals with years of major mining company expertise, Anaconda is poised for tremendous growth as its two most advanced gold projects - Damoti Lake and Pine Cove - are advanced towards production. We remain committed and focused on our goal of developing into an operating mining company and have assembled the people and the projects to achieve this objective.

Anatolia Minerals Development Ltd. (OTC.PK: ALIAF) holds a commanding exploration presence in Turkey - a mineral-rich region of untapped mining potential. Active since 1996, Anatolia builds its success around a strong in-country team that attracts interest throughout the global mining community.

Andean American Mining Corp. (TSX:AAG.V) Andean American Mining Corp. is an international mining and exploration company focused on growth. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru.

AndeanGold Ltd. (TSX:EGR.V) (Previously named Ecuagold Resources Ltd.) AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties in Colombia, Peru and Ecuador.

ANDINA MINERALS INC (TSX.V: ADM) Andina is a well financed, Americas focused exploration company with a portfolio of precious metals exploration projects in Chile and Mexico. The Company is dedicated to maximizing the value of its exploration assets through a commitment to fiscally responsible exploration.

Andover Ventures Inc. (TSX.V: AOX) has a strong land position in Alaska comprised of eight properties with high potential for base and precious metal discoveries, with a primary focus being gold and silver.

Anglo American (NASDAQ: AAUK) is a global leader in mining focused on adding value for shareholders, customers, employees and the communities in which it operates. The Group has a range of high quality, core mining businesses covering platinum, diamonds, coal, base and ferrous metals, industrial minerals The Group is geographically diverse, with operations and developments in Africa, Europe, South and North America and Australia.

Anglo Canadian Uranium Corp. (TSX.V: URA) An aggressive uranium and gold exploration company with several properties located in Canada and the United States. The Company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. The Company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams.

Anglo Swiss Resources Inc. (TSX.V: ASW) is actively engaged in the acquisition, exploration and development of gemstone and mineral resource properties.

Anooraq Resources Corporation (TSX: ANO) explores and develops platinum group metals (PGM) prospects in South Africa. Anooraq Resources' mineral properties include the Drenthe and Witriver farms, as well as the Overysel Farm through a joint venture with a Anglo American Platinum subsidiary. It also holds interests in other properties, all within the prolific Bushveld Complex. Before going to South Africa, the company had been exploring for metals in Mexico.

Antares Minerals Inc (TSX:ANM.V) Antares is focused on the acquisition and exploration of precious and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage.

Antofagasta Minerals (OTCPK:ANFGY) Antofagasta plc is one of the largest international copper producing companies in the industry. Today its activities are mainly concentrated in Chile where it owns and operates three copper mines.

Anvil Mining Limited (TSX:AVM.TO) Anvil Mining Limited is an unhedged copper and silver producer. It has majority interests in and operates the Dikulushi copper-silver mine, the Kinsevere copper mine and the Kulu copper tailings operation in the Katanga Province of the DRC

Apogee Minerals Ltd. (TSX:APE.V) Apogee Minerals Ltd. is a Canadian producer of silver-zinc-lead and also carries out exploration and development activities. Apogee is focused on advanced silver-zinc-lead projects in South America that demonstrate the potential to be rapidly developed to production. Currently all of its projects are located in the historic silver producing regions of central and southwest Bolivia.

Apolo Gold & Energy Inc. (OTCBB: APLL) is engaged in financing and operating precious metals concessions.

Apollo Gold Corp. (AMEX: AGT) is a gold mining company with operating mines in Nevada and Montana and an advanced stage development project, Black Fox, along the productive Destor-Porcupine Fault east of the Timmins Gold Camp in Ontario, Canada. Apollo has also recently started the Huizopa exploration project in the Sierra Madre Mountains of Mexico.

Apoquindo Minerals Inc. (TSX:AQM.V) Canadian based mineral exploration company whose principal purpose is the acquisition and development of base and precious metal deposits in South America. The Company is advancing its Apoquindo Copper Oxide Project in Chile comprised of highly prospective leachable copper deposits under option located in a historic mining district in the Antofagasta Region's Coastal Range.

Appleton Exploration Inc. (TSX:AEX.V) A gold and silver exploration company incorporated in June 2006. Appleton is poised to exploit the current upswing in precious metals by concentrating on mineral properties of merit in under explored geological terrains in favorable jurisdictions .

Aquila Resources Inc. (TSX:AQA.TO) High Grade Zinc Gold Project Menominee County , Michigan

Arabian American Development Co. (NasdaqNM:ARSD) Arabian American owns and operates a petrochemical facility located in southeast Texas. The Company is also the original developer and is now a 50% owner of a joint venture in a mining project in the Al-Masane area of Saudi Arabia which is under construction and is scheduled to be in production in late 2010. The mine will produce economic quantities of zinc, copper, gold, and silver

Arafura Resources NL (ARU.AX) Arafura Resources NL (ARU) is a minerals exploration company with interests in gold, base metals, tin, tungsten, rare earth elements, uranium and iron ore projects, located exclusively within the Northern Territory

Arcelor Mittal (NYSE: MT) produces and markets steel worldwide. The company produces a range of finished and semi-finished carbon steel products comprising flat products, including sheet and plate; long products, including bars, rods, and structural shapes; and stainless steel products. It serves various global customer markets, including automotive, construction, household appliances, and packaging with sizeable captive supplies of raw materials and distribution networks.

Archangel Diamond Corporation (TSX:AAD.V) Archangel Diamond Corporation is a junior Canadian mining company involved in the Verkhotina Diamond Project in Russia.

Arctic Star Diamond Corp. (TSX:ADD.V) Arctic Star Diamond Corp. is a dynamic Canadian diamond exploration company.

Arch Coal Inc. (NYSE: ACI) is the nation's second largest coal producer. It mines clean-burning, low-sulfur coal exclusively. In total, it contributes about 13 percent of America's coal supply from its13 mining complexes in West Virginia, Wyoming, Kentucky, Virginia, Colorado and Utah. With more than 140 million tons of pro forma coal sales in 2004, it provided U.S. utilities with the fuel for roughly seven percent of the nation's electricity.

Argentex Mining Corporation (OTCBB: AGXM) is a junior mining exploration firm with a significant new base metal and precious metal discovery in its Pinguino deposit, Patagonia, Argentina.

Arian Silver Corporation (TSX:AGQ.V) Arian Silver is active in Mexico, the world's second largest silver producing country. The Company's main projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacan State.

Armistice Resources Corp. (TSX:AZ.TO) Armistice is a Canadian exploration company that owns an advanced exploration underground gold project in North-eastern Ontario located on the prolific Larder Lake break.

Ascot Resources Ltd. (TSX:AOT.V) The Company's mandate to is to explore and develop mineral and resource properties.

Asia Now Resources Corp. (TSX.V::NOW) is a mineral exploration company active in China since 2002. The Company has established offices, joint ventures and a significant network with Chinese partners. Current projects include copper, gold and silver at three major projects, with drilling underway at two of these.

Asian Dragon Group Inc., (OTCBB:AADG ) was established to focus on China's precious and base metals reserves and markets and to become one of China's largest foreign metals producers through a series of joint ventures and mine and property acquisitions.

Asian Mineral Resources Limited (TSX:ASN.V) Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in north-western Vietnam in which it has a 90% interest. The Project is scheduled for commercial concentrate production in the first half of 2009.

Asian Star Development, Inc. (OTCPK:ASDV) Asian Star Development is a junior exploration and mining company with active operations within China.

Astral Mining Corporation (TSX.V: AST) is a junior exploration company focused on identifying high potential gold and silver deposits in mining friendly districts of North America.

ATAC Resources Ltd. (TSX:ATC.V) ATAC Resources Ltd. is a closely held junior exploration company aggressively exploring for gold in Yukon, Northwest Territories and British Columbia.

Atacama Minerals Corp. (TSX:AAM.V) The Company holds a 100% interest in the Aguas Blancas iodine/sulphate/nitrate mine located in northern Chile

Atikwa Mineral Corporation (TSX:ATK.V) The Company's principal business activities are the acquisition, exploration and development of mineral properties. The Company is currently seeking to build a mineral property portfolio and is actively evaluating properties for acquisition in Canada and worldwide

Atlas Mining Company (OTCBB: ALMI) is an exploration stage natural resource and mining company.

ATNA Resources Ltd. (TSX: ATN) is in the business of discovering and developing ore deposits and is focused primarily on gold exploration in Nevada. The company targets early stage prospects, through to advanced deposits with defined resources.

Atomic Minerals Ltd. (TSX:ATL.V) Atomic holds an option to earn up to a 100% interest in a land package totalling approximately 3800 square kilometres located in the United Republic of Tanzania (the "Properties") from Geo Can Resources Company Ltd. ("Geo Can"). Atomic holds leases over an additional 272 mining claims located in the northern part of Colorado in Grand County.

ATW Venture Corp. (TSX-V: ATW ) ATW Venture Corp. is pleased to announce the acquisition of the BURNAKURA GOLD MINE PROJECT, located in the West Yilgarn goldfields of Western Australia. According to internal records of previous owners and the Western Australia Mines Department records, the project has produced 216,000oz of gold from shallow oxide pits to date and recently approximately 30,000oz of gold from underground

AuEx Ventures Inc. (TSX:XAU.V) AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of eighteen exploration projects in Nevada, five projects in Argentina and one project in Spain.

Augusta Resource Corporation (TSX: AZC; AMEX: AZC) is a mineral exploration and development company responsibly advancing the Rosemont copper project in Southern Arizona. Augusta's Rosemont property is located in Pima County, approximately 50 kilometers southeast of Tucson, Arizona, and contains a potentially world class open-pit copper-molybdenum-silver (Cu/Mo/Ag) deposit.

Augyva Mining Resources Inc. (TSX:AUV.V) Augyva is a junior exploration Company focused on discovering and developing significant metal resources in eastern Canada, particularly in Quebec. The Company currently

Aumega Discoveries Ltd. (TSX.V: AUM) is a Canadian-based junior resource company that is focused on the exploration and development of both advanced and early stage mineral projects throughout British Columbia. Aumega currently has an option to earn a 100-percent interest in the Poplar Deposit, an advanced stage copper/molybdenum porphyry deposit located 75km south of Houston, B.C.

Aur Resources Inc. (OTC.PK: AURFF) is a Canadian-based, international mining company active in the acquisition, exploration, development and mining of mineral properties with a strong emphasis on copper.

Aura Gold Inc. (TSX:ORA.TO) Aura Minerals is a Canadian resource company focused on the acquisition, exploration, development and operation of mining properties in the Americas.

Aura Silver Resources Inc. (TSX:AUU.V) Aura Silver is engaged in the acquisition, exploration and development of precious metal prospects in North America with a focus on silver.

Auramex Resource Corp. (TSX:AUX.V) The Company has three projects. The first with targets prospective in silver, zinc and gold mineralization. The second with targets prospective in gold, cobalt, nickel, copper and silver mineralization and the third property, is a grassroots exploration project.

Aurcana Corporation (TSX:AUN.V) The company owns 100% of the Shafter pure silver mine in Texas, 80% of the La Negra silver-lead-zinc-copper mine and 100% of the Rosario silver-gold-lead-zinc exploration and development project in Mexico. The company has potential to produce over five million ounces silver per year.

Aurea Mining Inc. (TSX.V: MXA) is actively engaged in the staking, acquisition and exploration of gold mineral properties in Mexico. Aurea is currently drilling on its Aurea Sur Project located in the Guerrero Gold Belt (the GGB) in Guerrero State, Mexico.

Aurelio Resource Corporation (OTCBB:AULO) Is developing the Hill Copper-Zinc project in southeast Arizona , comprised of the MAN, Courtland and South Courtland areas.. Our commitment is to the discovery and development of preferred copper, gold and other mineral resources with a focus on becoming a mid-tier producer.

Aurelian Resources Inc. (TSX: ARU) is a Canadian gold, silver, and base metals exploration company that controls over 95,000 hectares of mining concessions in southeastern Ecuador. The concessions are located in the Cordillera del Condor in a mineral belt that has yielded riches for over 400 years. Aurelian exploration has determined that gold mineralization lies within a major structural corridor of at least 30 kilometres in length. Its exploration campaign continues on multiple styles of gold targets: high grade; potential large tonnage bulk mineable gold; and grassroots discovery level targets.

Aurizon Mines Ltd (AMEX: AZK) is a Canadian gold mining company with operations and exploration activities in the gold-producing Abitibi region of northwestern Quebec.

Aurora Energy Resources Inc. (TSX: AXU) Aurora has 100% ownership in a significant emerging uranium district located in central Labrador. This district includes the Michelin deposit, one of the largest undeveloped resources in Canada, along with several newly discovered uranium deposits and targets.

Aurora Gold Corporation (OTCBB:ARXG) Aurora Gold is a mineral exploration company focusing on the exploration and development of its 4 exploration properties and 6 applications in the Tapajos Gold Province, State of Pará, Brazil

Aurora Metals (BVI) Limited (OTCBB: AURMF) is a mineral exploration and resource-related company.

Australian Solomons Gold Limited (TSX:SGA.TO) ASG is developing the Gold Ridge Project, a former producing mine, located on Guadalcanal in the Solomon Islands.

Australian United Gold Limited (AUL.AX) is involved in mineral exploration. As at June 2005, company's primary activity was monitoring its interest in mineral exploration in the Manindi Zinc Project

Avoca Resources Limited (AVO.AX) is a mineral exploration and development company with projects in Western Australia and South Australia. The company is focused on the development of the Higginsville Gold Project in Western Australia.

Avalon Ventures Ltd. (TSX:AVL.TO) Avalon Ventures Ltd. is a Canadian junior mineral exploration and development company, with a primary focus on rare metals and minerals with high technology and environmentally-beneficial applications.

Avino Silver and Gold Mines Ltd. (TSX:ASM.V) Avino Silver & Gold Mines Ltd. is working to re-activate the Avino mine, an important historical producer of silver, gold, zinc, copper and lead.

Avnel Gold (TSX:AVK.TO) Avnel Gold Mining Limited owns and operates the Kalana Exploitation Permit in Mali through its 80% owned Malian subsidiary, SOMIKA.

AXMIN Inc. (TSX.V: AXM) a gold exploration company, offers dynamic growth with a track-record of finding mines in Africa.

Azimut Exploration Inc. (TSX.V: AZM) is a mineral exploration company using cutting-edge targeting methodologies with the objective of discovering major ore deposits.

B2 Gold Corp. (TSX:BTO.V) A precious metals exploration company formed in 2007 by the former management team of Bema Gold Corporation.

Bactech Mining Corporation (TSX:BM.V) BacTech owns patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching.

Baffinland Iron Mines Corporation (TSX:BIM.TO) Baffinland is a Canadian publicly-traded junior mining company that is focused on its wholly-owned Mary River iron ore deposits located on Baffin Island, Nunavut Territory, Canada.

Ballad Gold & Silver Ltd. (TSX.V:BGS) is an aggressive Canadian junior resource company committed to evaluating, acquiring and developing high quality resource properties throughout the world that meet its exploration criteria.

Bandera Gold Ltd. (TSX:BGL.V) By partnering with an experienced mining and mineral exploration entity, the Company's core focus will be the continued exploration and advancement of the Cinco Minas property in Mexico to production, exploration of the Gran Cabrera property in Mexico and the exploration of the Belmira property in Colombia

Bannerman Resources Limited (BMN.AX) Bannerman resources Limited (BMN) is a Perth-based mineral exploration company focused on exploring and developing exploring and developing uranium deposits in Australia, Botswana and Namibia.

Banro Corporation (TSX: BAA) is a Canadian-based gold exploration company with four wholly-owned properties along a major gold belt of the Democratic Republic of the Congo. The company has to date identified 2.45 million ounces of measured and indicated resources, plus inferred resources of 5.48 million ounces. An exploration program is under way to delineate and extend Banro's total resource base.

Baja Mining Corp. (TSX.V: BAJ) is exploring an advanced polymetallic (copper, cobalt, zinc) project located on tidewater on the east coast of the Baja Peninsula near Santa Rosalia, Baja Sur, Mexico. Baja Mining Corp. owns a 100% interest in the Boleo Project, free of any underlying royalty interests.

Bard Ventures Ltd. (TSX:CBS.V) Bard Ventures Ltd. is a small cap TSX Venture-listed mineral resources company with acquisitions in British Columbia.

Barker Minerals Ltd. (TSX.V: BML) was founded in 1993. Since then the company has invested more than $4.0 million exploring in a mineralized district, which has potential to host not only volcanogenic massive sulphide (VMS) deposits, but also gold and platinum group metal (PGM) deposits. The properties are located along the southern extension of the historic Cariboo Gold District in east-central British Columbia, Canada, which has yielded 3.7 million ounces of gold to date. The 100-percent-owned claim group consists of 4,401 claim units (approximately 271,882 acres).

Barrick (NYSE: ABX) is a leading international gold producer with the industry's only A-rated balance sheet, a portfolio of long-life, low-cost operations on four continents and proven and probable reserves of 82.3 million ounces of gold.

Batavia Mining Limited (BTV.AX) is a gold and copper exploration and development company focused on the development of the Gullewa Gold Project in Western Australia.

Bayswater Uranium Corporation (TSX.V: BAY) is the only uranium explorer to have major landholdings in each of Canada's most important producing and exploration regions -- the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin -- Bayswater Uranium Corporation is well positioned to be a market leader in uranium exploration. Bayswater combines the experience of its technical and managerial teams with a large, highly prospective and diverse property base. The result is a Super JuniorTM Uranium Company with the share liquidity and market capitalization to provide value to both the retail and institutional investor.

BCGold Corp. (TSX:BCG.V) BCGold Corp. is a Vancouver-based junior resource company focused on base and precious metal exploration in under-explored historic mining and exploration districts in British Columbia and Yukon.

Bear Creek Mining Corp. (TSX.V:BCM) was formed in June 2000 by a management team previously involved in many of Peru's successful mining discoveries and reserve increases including the Pierina, Brocal, Tantahuatay, Los Chancas, and Toquepala deposits as well as Barrick Gold Corporation's recently announced Alto Chicama discovery. Bear Creek's strategy has focused on building a portfolio of properties in Peru while other mining companies were reducing budgets or dismantling exploration programs.

Bear Lake Gold (TSX:BLG.V) The Company's objective is to build shareholder value through the acquisition, exploration and development of mineral properties of merit. Current exploration is focused on various stage prospects in North America.

Bearclaw Capital Corp. (TSX:BRL.V) Bearclaw Capital Corporation is a Canadian public company which is currently focused on uranium exploration in Quebec and in eastern Canada.

Beard Co. (OTCBB:BRCO) primarily operates coal fines reclamation facilities in the United States. It operates through four segments: Coal Reclamation, Carbon Dioxide, China, and e-Commerce.

Beaufield Resources Inc. (TSX:BFD.V) Exploring for gold and base metals in Ontario and Quebec.

Bekem Metals, Inc. (OTCBB:BKMM) Bekem Metals Inc. is an independent mining company engaged in the exploration, development and extraction of nickel, cobalt and brown coal in the Republic of Kazakhstan.

Bellhaven Copper & Gold Inc. (TSX.V: BHV) is a Panama-based mineral exploration company with a portfolio of gold and copper properties in the Republic of Panama.

Belmont Resources Inc. (TSX.V: BEA) is an emerging mining company with uranium projects located in the Central Mineral Belt Uranium District in Labrador and in the Athabasca Basin, Northern Saskatchewan.

Belvedere Resources Inc. (TSX:BEL.V) A Canadian incorporated mineral exploration company. Belvedere has in 2007 made the transition from an exploration company to a production and development company, producing approximately 2,500 tonnes of Nickel in concentrate per annum.

Benton Resources Corp. (TSX.V: BTC) is a mining exploration company aggressively working towards the advancement of several properties in Northern Ontario and Labrador. Benton is well diversified with Uranium, Gold, Copper, Nickel and Platinum group metal projects. Benton's flagship Property is the Bermuda Cu-PGE project located near Marathon, Ontario. The property is host to numerous Cu-PGE showings along a 17km trend hosted in the Proterozoic-aged Coldwell Intrusive Complex. Benton has also landed several major joint venture partners on their projects including Xstrata and Teck Cominco.

Best Energy Services, Inc. (BEYS.OB) - Based in Houston, Texas, Best Energy Services, Inc. is a leading well service, drilling and ancillary services provider to the domestic oil, gas, water and mining industries. Through its subsidiaries, Best Well Service, Inc. and Bob Beeman Drilling Co., and its American Rig Housing operations, the Company is actively engaged in supporting the exploration, production and/or recovery of oil, gas, water and mineral resources in Arizona, Colorado, Kansas, New Mexico, Nevada, Oklahoma, Texas and Utah

Berkeley Resources Limited (BKY.AX) is a minerals exploration company with projects located in Western Australia and the Northern Territory. The company is exploring for a wide range of minerals including diamonds, gold, tantalum and nickel.

BHP Billiton Ltd. (NYSE: BHP) was formed from a merger between two highly complementary companies - BHP and Billiton. Its businesses are BHP, a leading global natural resources company, with a diversified commodity suite that included minerals, oil, gas and steel. One of Australia's oldest and largest companies, it was renowned for continuously developing new operations both domestically and internationally; and Billiton, one of the world's premier mining companies, with a portfolio of best-in-class mining and metals operations.

Big Red Diamond Corporation (TSX:DIA.V) BRDC is a mineral exploration company headquartered in Montreal, Quebec. BRDC's principal activities are the acquisition, exploration and the development of mineral resources properties.

Birch Mountain Resources Ltd. (TSX: BMD) is an Alberta-based company that holds metallic and industrial mineral rights over an extensive portion of the Athabasca region of northeastern Alberta.

Birim Goldfields Inc. (TSX: BGI) is a royalty-based exploration company that is focused on gold exploration in Ghana, West Africa.

Bitterroot Resources Ltd. (TSX.V: BTT) provides investors with multi-commodity, North American mineral exploration exposure. In British Columbia, the Company has the option top earn a 75 percent interest in the Mineral Creek high-grade gold project, which covers 55 square kilometres near Port Alberni, BC and "Projects" tab. Bitterroot is also exploring the GK Gold/Silver Project, near Beaverdell in south-central BC and the North Brenda Molybdenum/Copper project located 50 km west of Kelowna, BC.

Black Bull Resources Inc. (TSX:BBS.V) Black Bull Resources Inc. is a Canadian mining company based in Nova Scotia that owns the White Rock Mine near Shelburne. Prior to suspension of operations, the mine produced a unique, bright, white, high-purity quartz, marketed under the Scotia White(TM) trademark which is used in a range of value-added, specialty products.

Blackstone Ventures Inc (TSX.V: BLV) is a mineral exploration and development company focused on nickel. It currently has a 60% interest in the Espedalen Project and an option to earn a 60% interest in the Vakkerlein Project in Norway, both of which are in partnership with Falconbridge Limited. Blackstone also holds a 97% interest in Kenbridge Nickel Mines and owns approximately 7.5% of Monster Copper Corporation.

Blue Note Mining Inc. (TSX:BN.TO) Blue Note Mining is a Canadian mining company headquartered in Montreal, Quebec, with operations in Bathurst, New Brunswick.

Blue Parrot Energy Inc. (TSX:BPA.V) is a Calgary-based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas.

Blue Sky Uranium Corp. (TSX:BSK.V) Blue Sky's objective is to quickly become the premier uranium exploration company in Argentina by aggressively exploring its impressive land package, as well as continued exploration on its projects in Saskatchewan and Colombia.

Bluerock Resources Ltd (TSX.V: BRD) is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.

Boss Power Corp. (TSX:BPU.V) Engages in the acquisition, exploration, and development of mineral resource properties in Canada. It owns interest in the Blizzard uranium deposit located in British Columbia. It also holds other mineral claims surrounding the Blizzard uranium claim and the nearby Hydraulic Lake claims. In addition, the company has an option to acquire a 51% interest in the Fuki and Haynes Lake uranium claims.

Boliden AB (TSX:BLS.TO) Boliden is a leading European metals company. The main metals are zinc and copper. The operations are conducted in three Business Areas: Market, Smelters and Mines.

Boulder Mining Corporation (TSX.V: BDR) is a Canadian exploration company focused on financial growth through the acquisition and responsible development of major mining ventures in Canada and internationally. Through the combination of technical excellence and depth of experience, Boulder Mining is building an impressive asset base.

Boxxer Gold Corp (TSX:BXX.V) Boxxer Gold is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.

Bralorne Pioneer Gold Mines Ltd. (TSX.V: BPN) has completed assembling a pilot test mill ancillary facilities and is now currently running a 10,000 ton bulk test of the Peter vein internalization on their wholly owned mining property at Bralorne, B.C.

Bravo Venture Group Inc.(TSX.V: BVG) is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop properties with a significant potential for deposits of precious and base metals with a primary focus on gold and silver. Currently the company is active in Nevada, S.E.Alaska and N.W. British Columbia. It has acquired a substantial land package consisting of ten properties located in the Battle Mountain/Eureka trend, Nevada. Interest in the area is fuelled by Placer Dome's Cortez Hills, Pediment and ET Blue discoveries (Multi million ounces). The company's other substantial properties include, the Woewodski Island prospect in S.E.Alaska, a precious-metal rich VMS target, similar to both the Greens Creek and Windy Craggy VMS deposits and in NW British Columbia, the Homestake Ridge prospect, an Eskay creek-type VMS project.

Brazauro Resources Corporation (TSX:BZO.V) A publicly listed company with three gold properties in the Tapajós district of Pará State in Brazil.

Brazilian Diamonds Limited (TSX:BDY.TO) Brazilian Diamonds is a development stage resource company engaged in the acquisition, exploration and development of kimberlite and alluvial diamond properties in Brazil

Breakwater Resources Ltd. (TSX:BWR.TO) Breakwater is a mining, exploration and development company which produces and sells zinc, copper, lead and gold concentrates to customers around the world. The Company's concentrate production is derived from three mines in Chile, Honduras and Canada.

Brett Resources Inc (TSX.V: BBR) is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Recent opportunities in the acquisition of tin and tungsten resources in North America and gold in Ontario are providing diversification to its asset portfolio.

Brigadier Gold Limited (TSX.V-BRG) Brigadier Gold Limited is a Toronto-based exploration company focused on mineral exploration in the prolific Kirkland Lake-Larder Lake, Matachewan and Porcupine gold mining camps in Northern Ontario

Brilliant Mining Corp. (TSX.V: BMC) is focused on the production, development and exploration of nickel opportunities world wide. The Company currently has a 25% interest in the producing Lanfranchi Nickel Mine in Western Australia and has 3 active nickel projects in Canada, including the Michikamau property in central Labrador.

Brookmount Explorations Inc. (OTCBB: BMXI) is a Nevada-registered company. The company's mission is to discover, define and develop a portfolio of key resource properties throughout North and South America. Its key property is located in central Peru, the Mercedes 100 Property, and five adjoining concessions cover a total area of 2611 hectares. The area is heavily mineralized and for many years was a gold-silver-lead-zinc producing resource, originally worked until the late 1970's by a German company. Production was halted during political unrest throughout Peru and its neighbouring countries, prior to the purchase of the property by Brookmount.

Brownsville Co (OTCBB: BVLL) is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa.

Brush Engineered Materials Inc. (NYSE: BW) is headquartered in Cleveland, Ohio. The Company, through its wholly-owned subsidiaries, supplies worldwide markets with beryllium products, alloy products, electronic products, precious metal products, and engineered material systems.

Buffalo Gold LTD US$ (TSX.V: BUF-U), head-quartered in Vancouver, Canada is actively engaged in exploring and developing gold, uranium and nickel properties in Australasia. Management is dedicated to maximizing shareholder value through growth strategies that emphasize careful opportunity assessment and vigilant project management.

Bullion Minerals Limited (BLN.AX) Bullion Minerals Limited (BLN) is a gold, base minerals and uranium exploration company, with projects located in Western Australia, Northern Territory and Queensland.

Boxxer Gold Corp. (TSX.V: BXX) is a junior Canadian mineral exploration company focused primarily on the exploration of high-value projects with near-term development potential. The Company has three projects which include: the Boss Property and the Buena Vista in Nevada, and the Gordon Lake gold property in The NWT.

Cabo Drilling Corp. (TSX:CBE.V) Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; and Balkan States Drilling SH.P.K. of Tirana, Albania.

Cadillac Mining Corp. (TSX:CQX.V) Cadillac Mining Corporation is a junior resource company focused on the acquisition, exploration and development of precious and base metal mineral properties across Canada. Current activities include gold properties near Rouyn-Noranda, Quebec and a number of base-precious metal projects in British Columbia.

Cadiscor Resources Inc. (TSX:CAO.V) Mineral exploration and development of mining properties with potential for the discovery of gold and base metal deposits will constitute the principal business of the Corporation for the coming years.

Caldera Resources Inc. (TSX:CDR.TO) Caldera is engaged in diamond and base metal exploration in Australia. The Corporation has an advanced diamond exploration project located adjacent to the Ellendale Mine, owned and operated by GEM Diamonds.

Caledonia Mining Corp (OTCBB: CALVF) is a mining company whose activities are centered in southern and central Africa and in northern Canada. The Company was formed by the amalgamation pursuant to the laws of the province of British Columbia, Canada, of two public companies and one private company. The two public companies were Golden North Resource Corporation (Golden North), a British Columbia company, and Thorco Resources Inc. (Thorco), an Ontario company. The private company was Doelcam Mining Corporation (Doelcam), an Ontario company. Caledonia owns 100% of the shares of Zambian companies including Caledonia Mining ( Zambia) Limited, Caledonia Western Limited, Caledonia Nama Limited and Caledonia Kadola Limited. In South Africa, it owns interests including Eersteling Gold Mining Company Limited (96%), Barbrook Mines Limited (100%) and Greenstone Management Services Limited (100%).

Callinan Mines Ltd. (TSX:CAA.V) May of 2007 marked Callinan Mines' 80th year as a Canadian mineral exploration company. Today, Callinan Mines Limited looks forward to advancing test drills over more than 205,000 hectares of mineral licenses and claims, including properties in the Fox River Basin and the Thompson Nickel Belt. Callinan's current land position is designed to maximize the company's potential for the discovery of new nickel and deposits in Manitoba.

Calypso Acquisition Corp. (TSX.V: CLP) is an uranium exploration and development company with large highly prospective uranium properties known as the Huemel, Campesino Norte, La Pintada, and Central Block located in four regions of Argentina. Calypso has a fully staffed exploration office located in Mendoza, Argentina and is well funded to complete planned acquisition, exploration, and drilling programs over the next 12 months.

Campbell Resources, Inc. (OTCBB: CBLRF) is a gold and copper mining company operating principally in northern Quebec. The two main assets of the Company are the Joe Mann Mine and Copper Rand Mine. Campbell owns 100% of Joe Mann Mine. Campbell also owns 26% of the Copper Rand Mine and has an option to increase its ownership to 50%, with a right to first refusal on the other 50%.

Cameco Corporation (TSX: CCO) is the world's largest, low-cost uranium producer, accounting for 20 percent of the world's uranium production. Its mining and conversion facilities in North America provide fuel to the western world's nuclear power plants. Through a partnership, it also generates clean electricity with its share of about 1,500 MW, from a nuclear facility in Ontario.

Can-Cal Resources Ltd. (OTCBB: CCRE) is engaged in the acquisition and exploration of precious metals mineral properties. As part of its future growth strategy, the Company will focus its efforts on acquiring, exploring and developing precious minerals properties in the Western Hemisphere, with an emphasis on Latin America, particularly Mexico.

Canada Lithium Corp. (TSX:CLQ.V) Canada Lithium Corp. is acquiring and testing the economics of several spodumene pegmatite deposits in Canada. As well, the company has initiated lithium brine exploration in the Great Basin of the United States.

Canadian Arrow Mines Limited (TSX:CRO.V) Canadian Arrow Mines, Ltd.is an experienced exploration and mine operating team that is focused on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Arrow has been moving rapidly to develop its Kenbridge Nickel Copper deposit located within 40 km of established communities and infrastructure in northwestern Ontario, Canada.

Canadian Gold Hunter Corp. (TSX:CGH.TO) A Canadian mineral exploration company based in Vancouver, B.C. The Company's mission is to build Canadian Gold Hunter into one of Canada's leading gold exploration companies. The Company is actively exploring several projects located in Canada and Mexico.

Canadian Orebodies Inc. (TSX:CO.V) is a junior natural resource exploration and development company with its mineral properties located in Canada..

Canadian Royalties Inc.'s (TSX.V: CZZ) principal asset is the Raglan South Nickel project in Quebec province. Since 2001, Canadian Royalties has discovered and/or delineated the TK, Mesamax, Expo, and Mequillon Nickel-Copper-Platinum-Palladium (PGE) deposits. Total resources on the Raglan South Nickel project now stand at over 10 million tonnes. In addition to the Raglan South Nickel project, Canadian Royalties has over 200 exploration properties, options and royalties located in Quebec, Ontario and Manitoba.

Canadian Zinc Corporation (TSX: CZN) is focused on the exploration and development of the Prairie Creek silver-zinc-lead mine in the Northwest Territories.

CanAlaska Uranium Ltd. (TSX.V: CVV; OTCBB: CVVUF) is undertaking uranium exploration in seventeen 100%-owned and two optioned uranium projects in Canada's Athabasca Basin.

Canarc Resource Corp. (TSX: CCM) is a growth-oriented, gold exploration and mining company. The Company's principal assets are its 100% interest in the New Polaris gold deposit, British Columbia and its 80% option on the Benzdorp gold property in Suriname.

Canasil Resources Inc. (TSX:CLZ.V) Canasil is a Canadian mineral exploration company with interests in precious and base metal properties in Durango, Sinaloa and Zacatecas States, Mexico, and in British Columbia, Canada. The Company's directors and management include industry professionals with a consistent track record of identifying and advancing successful mineral exploration projects. The Company is actively engaged in the exploration of mineral properties and evaluating additional acquisition opportunities.

Candente Resource Corp. (TSX: DNT) is a diversified copper, gold exploration company focused on increasing shareholder value through discovery. Candente has an advanced exploration stage leachable copper project, Cañariaco, and several other gold and copper projects in Peru.

Cangold Limited (TSX:CLD.V) CANGOLD Limited is a junior mineral exploration & development company based in Vancouver.

Canplats Resources Corporation (TSX.V:CPQ) is a junior exploration company with 100% interest in four epithermal gold properties in Mexico. Two of the properties, Rodeo and Yerbabuena, are located in a north-northwest-trending belt of prolific base and precious metal mines in central Mexico, an area that has produced 5.8 million ounces of gold and 3.3 billion ounces of silver. The third Durango property, El Rincon, is on the same northeast-trending corridor that hosts Morgain Minerals Inc.'s El Cairo gold project.

Canyon Copper Corp.'s (OTCBB:CYOO) New York Canyon Property is located in the New York Canyon area of the Santa Fe Mining District, Mineral County, Nevada. The project hosts oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit. This zone has not been completely outlined and remains partially open. The Copper Queen mineralized zone is located approximately three kilometers west of Longshot Ridge and hosts copper and molybdenum sulphide mineralization. Several additional mineralized areas identified throughout the New York Canyon property have yet to be explored.

Canstar Resources Inc.(TSX.V: ROX) is a Canadian mineral exploration and development company engaged in the business of exploring for mineral deposits, primarily gold and base metals. The Company&'s objectives and focus is to discover and develop economic mineral deposits, primarily in North America. Canstar's principal focus is on the Mary March property in the Buchans area of Newfoundland and Labrador. Other mineral properties include two claim blocks in the McFaulds Lake area of Northern Ontario in proximity to a new, high grade, copper-nickel discovery by Noront Resources Inc., and the Slate Bay copper-gold property in the Red Lake area of Northwestern Ontario.

Canyon Resources Corp (AMEX: CAU) explores, acquires, develops and mines precious metal and other mineral properties. The Company has gold production operations in the western United States, and has conducted exploration activities in the search for additional valuable mineral properties in the western United States and in a number of areas in Latin America and Africa. Its exploration and development efforts emphasize precious metals (gold and silver).

Capital Gold Corp (OTCBB: CGLD) owns concessions located in the state of Sonora, Mexico, and rights to property located in the California Mining District, Lake County, Colorado. The Company is engaged in the business of exploration for gold and other minerals from its Mexican concessions. It owns 100% of 14 mining concessions located in the municipality of Altar in Sonora, Mexico, through its wholly owned subsidiary, Oro de Altar S. de R. L. de C.V., and its affiliate, Minera Santa Rita S. de R.L. de C.V. The concessions are subject to the terms of Capital Gold's joint venture agreement with Grupo Minero FG S.A. de C.V. (FG), which allows FG to earn up to a 45% interest in the venture.

Capstone Gold Corp (TSX: CSG) is a Canada based Mineral exploration company with a strong focus on Mexico. The company has an option to acquire a 90% interest in five advanced projects. Each project is a past producer with an existing resource base and the company is committed to expanding and developing these resources.

Cardero Resource Corp (AMEX: CDY) seeks to identify world-class mineral deposits and facilitate production in attractive under-explored regions of Mexico, Peru and Argentina.

Cariboo Rose Resources Ltd. (TSX .V: CRB) operates five significant gold and copper exploration projects with active development programs. Cariboo Rose partners with other companies to fund exploration of these properties, a strategy that reduces risk to investors and increases leverage. Cariboo Rose is part of The Eastfield Group, a family of companies with the same experienced management team. Other companies in The Eastfield Group include Wildrose Resources and Eastfield Resources.

Carpathian Gold Inc. (TSX:CPN.TO) The Corporation is a mineral exploration company focused on gold exploration primarily on its property in Romania as well as gold exploration and development on its development-stage property in Brazil.

Carpenter Technology Corporation (NYSE:CRS) Carpenter Technology, based in Wyomissing, PA, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products

Cartier Resources Inc. (TSX:ECR.V) A pure-play exploration company focused on gold in the prolific Abitibi Gold Belt in Quebec.

Cascadia International Resources Inc. (TSX.V: CJ) is a junior mining company involved in the acquisition and exploration of base metal mineral properties in Canada.

Cash Minerals Ltd. (TSX.V: CHX) is focused on uranium, coal and alternative fuels (synfuels). Under an agreement with joint venture partner Twenty-Seven Capital Corp., Cash Minerals has the optional right to earn a 75% interest in any of the Wernecke District uranium prospects located in the Yukon.

Cassidy Gold Corp. (TSX.V: CDY) based in Kamloops, B.C., is a gold exploration and development company. Its principal asset is its 100-percent-owned interest, subject to a 15-percent state participation, in the Kouroussa, Tambiko, and Siguiri gold concessions in Guinea, West Africa.

Castillian Resources Corp. (CDNX:CT.V) is partnered with Xstrata Nickel to explore the approximately 155,000 ha Mangabal nickel-copper project in Brazil. The company has recently acquired the 17,000 ha Macaubus IOCG project in Brasil from Xstrata Copper. The company is earning an interest in the Las Aguilas Nickel-Copper-PGM Project in Argentina from Marifil Mines Ltd. and has the right to purchase a 100% interest in the Kagera Project which comprises over 1,600 square kilometers in the highly mineralized Kabanga Nickel Belt in Tanzania and rights to acquire 90% of the Pederson deposit, an advanced gold exploration project in Bolivia which is currently under force majeure.

Castle Gold Corporation (formerly Aurogin Resources Ltd.) (TSX VENTURE:CSG ) is a junior gold producer focused on the acquisition and development of profitable gold deposits in the Americas

Castle Resources Inc. (TSX:CRI.V) Castle Resources Inc. is a Toronto-based junior mineral exploration focuses on a high-quality advanced exploration project in Mexico. The Company's initial focus is on the San Ramon silver exploration property in Zacatecas, Mexico, a prolific silver producing region in Mexico.

Cazaly Resources Limited (CAZ.AX) is a minerals exploration company focused on projects located near Kalgoorlie in the Eastern Goldfields of WA. Cazaly's projects are primarily prospective for gold and, to a lesser extent, nickel mineralisation. Company's main focus is on the exploration and development of the Kununalling gold project in WA.

Celtic Minerals Ltd. (TSX.V: CME) is the most active junior exploration company in Voisey's Bay, site of one of North America's preeminent exploration and mining regions. In addition to a multi-prospect strategic land position in Labrador's nickel district, Celtic continues to advance its base and precious metal VMS properties in the prolific Buchans Mining Camp and Tulk's Belt of Central Newfoundland. Celtic's remaining holdings include historical producing and contiguous lands at the Rambler Mining Camp in Newfoundland, the Dawson gold deposit in Colorado and the Crater Mountain joint venture in Papua New Guinea.

Cedar Mountain Exploration Inc. (TSX:CED.V) Cedar Mountain is a mineral exploration company focused on gold, silver and base metal projects. The Corporation's assets include the Zacatecas, Mexico Properties, Cedar Creek Gold and Lemon Lake Properties in the Cariboo region in central BC and the Venus Property in south-eastern BC. Cedar Mountain is a member of the Discovery Group of companies.

Centamin Egypt Limited (TSX:CEE.TO) Centamin has been exploring for gold in Egypt since 1995, and in 2005 was granted a 160km 2 exploitation lease over the massive Sukari Hill gold project.

Centerra Gold Inc. (TSX:CG.TO) Centerra is a growth-oriented, gold mining company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets worldwide. Centerra, based in Toronto, Canada, is a leading North American-based gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union.

Central Sun Mining Inc. (TSX:CSM.TO; AMEX:SMC) Central Sun Mining Inc. is a gold producer with mining and exploration activities focused in Nicaragua. Central Sun operates the Limon Mine in Nicaragua and is converting the Orosi Mine in Nicaragua to conventional milling to increase the annual gold output.

Century Aluminum Co. (NASDAQ: CENX) produces primary aluminum products in the United States. The company, through its facilities, produces primary aluminum in various shapes and alloys, including molten and sow aluminum, ingot, extrusion billet, rolling ingot, rolling slabs, and horizontal direct chill ingot for the electrical conductor market, remelt ingot market, and high-purity ingot market.

Century Mining Corporation (TSX.V:CMM) is an emerging mid-tier Canadian gold producer formed in 2003. The Company's corporate strategy is to acquire and develop properties with previously discovered and undervalued mineral assets into operating mines.

Chanaral Resources, Inc. (OTCPK:CRLR) The companies focus is on acquiring properties that have already had a certain amount of exploration.

Chaparral Steel Co. (NASADQ: CHAP), headquartered in Midlothian, Texas, is the second largest producer of structural steel beams in North America. The Company is also a supplier of steel bar products. In addition, Chaparral is a leading North American recycling company.

Chariot Resources Limited (TSX:CHD) is a junior resource company focused on the exploration, acquisition and development of copper and precious metal mineral deposits in the Andes region of Latin America with the objective of becoming a mid-tier metals producer within the next five years at the Marcona Copper Project.

China Diamond Corp. (TSX.V: CDC) is a junior resource company engaged in mining for diamonds, and the exploration and advancement of diamond and gold prospects in China. The Company controls six groups of mining and/or exploration properties in the People's Republic of China.

China Precision Steel, Inc.(CPSL) is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel produces high precision ultra-thin, high strength (7.5 mm to 0.05 mm) cold- rolled steel products primarily for automotive components, food packaging materials, saw blades and textile needle manufacturing companies in the People's Republic of China. However, China Precision Steel is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines, and intends to expand into Japan, the European Union and the United States in the future.

China Shen Zhou Mining & Resources, Inc. (OTCBB: CSZM ) conducts all of its business through its subsidiary, AFMG, which, in turn, conducts its business through its Subsidiaries. The principal business of AFMG is the exploration, development, mining, and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the PRC. AFMG has two principal areas of interest in the PRC: (a) fluorite exploration in the Sumochaganaobao region of Inner Mongolia Province; and (b) copper/gold exploration in the Yangye Huayuan region of Xinjiang Uygur Autonomous Region.

Christopher James Gold Corp. ( TSX:CJG.V) The Company is well funded with approximately $3 million in treasury and has a number of the gold and copper projects in BC, including the rights to the historic Craigmont Mine near Merritt, and 100% ownership of the Big Kidd, Little Fort, Copper Creek, and Brassie Creek gold/copper properties.

Claude Resources, Inc. (AMEX: CGR) is engaged in the acquisition, exploration and development of precious metal properties and oil and gas properties. The majority of the Company's mineral properties are located in northern Saskatchewan, northern Manitoba and northwestern Ontario.

Cleveland-Cliffs Inc. (NYSE: CLF) headquartered in Cleveland, Ohio, is the largest producer of iron ore pellets in North America and sells the majority of its pellets to integrated steel companies in the United States and Canada. Cleveland-Cliffs Inc operates a total of six iron ore mines located in Michigan, Minnesota and Eastern Canada. The Company is majority owner of Portman Limited, the third-largest iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.

Cline Mining Corporation (TSX: CMK) is a mine development company focused on the exploration and development of metallurgical coal in Canada for the international seaborne coal trade market and uranium and iron-ore in Madagascar.

Coastport Capital Inc. (TSX.V: C PP) has acquired an option to acquire a 50-per-cent interest in the San Ramon project from Radius Gold Inc. The property will be the company's principal property. The property comprises three granted mining concessions totaling 10,304.27 hectares located in north-central Nicaragua. It is an exploration stage mineral resource property.

Coeur D'Alene Mines Corp (NYSE: CDE) is engaged, through its subsidiaries, in the operation and/or ownership, development and exploration of silver and gold mining properties and companies located primarily within the United States (Nevada, Idaho and Alaska), South America (Chile, Argentina and Bolivia) and Africa (Tanzania). The Company's most significant operating and development-stage mining properties and interests are the Rochester Mine, the Cerro Bayo Mine, Compania Mineral Polimet S.A. (Polimet), Coeur Silver Valley Inc., Empressa Minera Manquiri S.A. and the Kensington Property.

Cogitore Resources Inc. (TSX:WOO.V) The Company has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario, and in the Central Belt of Newfoundland.

Colombia Goldfields Limited (TSX: GOL; OTCBB: CGDF), through its Colombian subsidiaries Cia Minera de Caldas S.A. and Gavilan Minerales S.A., is developing a multi-million ounce gold resource in Colombia's historic Marmato Mountain gold district through a program of mineral property acquisitions, community resettlement and exploration.

Columbia Yukon Explorations Inc. (TSX:CYU.V) Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie property molybdenum deposit.

Commander Resources Ltd. (TSX.V: CMD) is currently focused on advancing the Baffin Island Gold Project in Nunavut. The company holds other drill-ready gold and base metal properties across Canada which will be advanced and funded strategically either by the company or through quality leveraged partnerships providing maximum exposure to new discoveries.

Commerce Resources Corp. (TSX:CCE.V) Commerce is an active tantalum and niobium explorer in North America, with a focus on developing the Upper Fir Deposit in British Columbia and the Eldor Deposit in Quebec.

Commercial Metals Co. (NYSE: CMC) Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic overseas markets.

Committee Bay Resources Ltd (TSX.V: CBR) has acquired 85 percent of the land position in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut Territory, Canada, and has recently increased its land position to over 3 million acres of prospective permits and claims in eastern Nunavut.

Companhia Vale do Rio Doce (NYSE: RIO), a Brazilian company, headquartered in the city of Rio de Janeiro, Brazil, is the largest metals and mining company in the Americas and one of the largest in the global metals and mining industry, with a market capitalization of approximately US$40 billion. It is the largest global producer and exporter of iron ore and pellets, the world's second largest producer of manganese and ferroalloys, one of the world's lowest cost producers of aluminum products (bauxite, alumina and primary aluminum) and a producer of copper, potash and kaolin. CVRD is the largest logistics player in Brazil, owning and operating several railroads and ports.

Compania de Minas Buenaventura SA (NYSE:BVN) Compania de Minas Buenaventura S.A.A. is Peru's largest publicly traded, precious metals company and a major holder of mining rights in Peru.

Condor Resources Inc. (TSX:CN.V) Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in South America, where management has extensive experience and a proven track record of discovery. The Company's long-term business plan offers shareholders access to a growing portfolio of properties, including seven 100% owned projects in Chile, and six in Peru, each providing a unique path to discovery.

Coniagas Resources Ltd. (TSX:CNY.V) Coniagas Resources Limited is a Canada-based resource company whose focus is to explore and develop mineral deposits throughout North America.

Conquest Resources Ltd. (TSX:CQR.V) Conquest is exploring several gold projects in Ontario.

CONSOL Energy Inc. (NYSE: CNX), through its subsidiaries, is the largest producer of high-Btu bituminous coal in the United States. CONSOL Energy has 17 bituminous coal mining complexes in six states. In addition, the company is a majority shareholder in one of the largest U.S. producers of coalbed methane, CNX Gas Corporation.

Consolidated Abaddon Resources Inc. (TSX.V: ABN) is a Canadian uranium exploration company developing properties in the ATHABASCA BASIN of Northern Saskatchewan and the SIMS BASIN of Labrador. Property partners include International Uranium Corporation and Triex Minerals Corp.

Consolidated Global Minerals Ltd (TSX.V: CTG) is a Canadian-based company with a focus on the acquisition, exploration and development of mineral property interests.

Consolidated Pacific Bay Minerals Ltd. (TSX.V: CBP) is a Canadian Resource company actively exploring for uranium and gold in Argentina and Quebec. Drawing on over 100 years of combined experience, the Company's management has also acquired well located resource properties in British Columbia, and the Yukon.

Consolidated Spire Ventures Ltd. (TSX.V: CZS) is a Canadian-based junior exploration & mining company active in gold & silver exploration. The Company's objective is the acquisition and exploration of high quality gold and silver projects.

Consolidated Thompson Iron Mines Ltd. (TSX:CLM.TO) Consolidated Thompson Iron Mines Limited is an exploration and development company. The Company believes that the updated positive Feasibility Study, based on the current understanding of the quality and size of the Bloom Lake deposit, reflects the potential to expand and advance the project and exploit other opportunities in the iron ore industry.

Constellation Copper Corporation (TSX:CCU) is focused on building the company into a profitable and low-cost mid-tier producer of copper and zinc by focusing on development of mineral deposits amenable to open pit mining methods and recovery by heap leach and solvent extraction-electrowinning (SX-EW) processing, and by acquiring similar producing assets.

Contact Resources Ltd (CTS.AX) is a gold, base metals, uranium and PGE (platinum group elements) exploration company, with the projects located exclusively in Western Australia.

Continental Precious Minerals Inc. (TSX.V: CZQ) is a uranium exploration company with a focus on the development of its Swedish assets.

Contact Diamond Corporation (TSX: CO) is actively engaged in the exploration for diamonds in Ontario, Quebec, the Northwest Territories and Nunavut.

Continuum Resources Ltd. (TSX.V: CNU) is dedicated to the discovery of high-grade deposits of gold and silver within known past-producing precious metals districts in Southern Mexico and Canada.

Cooper Minerals Inc. (TSX.V: CQ) is a junior exploration company engaged in the acquisition, exploration and development of mineral properties internationally. The Company's primary focus is to acquire properties that tend to be unexplored but have highly prospective geology.

Copper Canyon Resources Ltd. (CDNX:CPY.V ) Copper Canyon Resources was created by way of a Plan of Arrangement on June 9, 2006. Shareholders of Eagle Plains Resources Ltd. approved the plan to reorganize the Company's mineral property assets in an effort to maximize shareholder value. Under the terms of the arrangement, three of Eagle Plains' projects: Copper Canyon, Severance and Abo (Harrison) Gold, were transferred into Copper Canyon on a one-for-one share basis.

Copper Fox Metals Inc. (TSX.V: CUU) is a resource company developing one of the largest copper/gold deposits in Canada. The Schaft Creek mineral deposit has a world class indicated resource of 8.6 million ozs Gold, 9.15 billion lbs Copper, 620 million lbs Molybdenum, and 82.4 million ozs Silver. There are 1,595 million Tonnes of Resources in total. With a pre-feasibility study currently underway, the company is quickly moving the Schaft Creek deposit into production by 2011. Copper Fox has an option to acquire Teck Cominco's 93.4% interest in the Schaft Creek deposit.

Copper Mountain Mining Corporation (TSX:CUM.V) CMMC is a BC resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company owns 100% of Copper Mountain Project which holds the mineral claims and crown grants over the 18,000 acre mine site. Copper Mountain Mining Corp. has the goal of developing the Copper Mountain Project as a mid tier copper and precious metal producer within the next three years.

Copper Ridge Explorations Inc. (TSX.V: KRX) exploration philosophy focuses on maximizing the potential for success in a high-risk business. With grass roots mineral exploration, where the entry cost is low but the potential reward is very high, success will be contingent on exploration skill and on carefully managed risk. Our management team brings tenacity, technical skill and experience, all crucial ingredients for discovery. By exploring a broad array of projects, focusing on the right commodities, in areas of high mineral potential and in mining-friendly jurisdictions, Copper Ridge is reducing the exploration risks for its shareholders and exposing them to a greater chance for discovery. Copper Ridge is well financed and is planning a busy field season on its Yukon and British Columbia properties.

Coral Gold Resources Ltd. (TSX:CLH.V; OTCBB:CLHRF) Coral Gold Resources Ltd. is a natural resources company, primarily engaged in the acquisition, exploration and development of natural resources properties, focusing on gold exploration. Its principal business activities have been the exploration of mineral properties located in Nevada, USA, including the Robertson Property, Norma Sass Property, and Ruf Claims.

Cornerstone Capital Resources Inc. (TSX: CGP) is a well funded Canadian mineral exploration company with projects in Canada and Ecuador. It is committed to building shareholder value by generating exploration projects with excellent potential for discovery and advancing those projects through joint venture and strategic partnerships with other exploration and mining companies.

Coro Mining Corp. (TSX:COP.TO) The Company was founded with the goal of building a mining company focused on medium-sized base metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production and it has established an experienced development and exploration team to accomplish this. Coro has two main properties; Flores, in Chile and San Jorge, in Argentina, as well as other exploration properties located in Chile.

Coronation Minerals Inc. (TSX:CMV.V) Coronation Minerals Inc. is a Canadian based resource company whose focus is to explore for and develop mineral deposits throughout the Coronation Gulf Region, Nunavut Territory, and Yukon Territory, Canada

Corus Group plc (AIM:CS.L) Corus is a customer focused, innovative value-driven company, which manufactures, processes and distributes steel products and services to customers worldwide.

Cream Minerals Ltd. (OTCBB: CRMXF) is a mineral exploration company with properties in Canada, Mexico and Sierra Leone, Africa. The company is working to enhance its value through the acquisition of gold, silver, base metal and gemstone properties which may hold economic merit.

Crescent Gold Limited (OTC.PK: CEGDF) is a WA based gold mining company. It owns the 1 million ton per annum Barnicoat Treatment Plant and a gold resource base of approximately 900,000 ozs. Laverton is located 250km northeast of Kalgoorlie in the Western Australian Goldfields.

Crescent Resources Corp. (TSX.V: CRC) is a mineral exploration and development company with a defined growth strategy of adding value through discovery and rapid project advancement through exploration. The recently acquired Oviedo Uranium Project will be the primary focus for exploration in 2007 with additional exploration planned at the Boulder Lake Uranium Project and the Matupa Gold Project.

Creston Moly Corp. (TSX:CMS.V) Creston Moly Corp. is a Canadian mineral exploration company focused on the development of the Creston Molybdenum Deposit located 145 kilometres north-east of Hermosillo, Sonora State, Mexico, near the village of Opodepe.

Crew Gold Corp. (TSX:CRU.TO) Crew is an international mining company focused on identifying, acquiring, developing and operating mineral resource projects. Crew has an operating gold mine (Nalunaq) in Greenland with an annual production rate target of 80,000 to 90,000 ounces, a gold mine in Guinea (LEFA) that has an annual production rate target of 360,000 to 420,000 ounces. Crew also has a gold mine (Maco) in the Philippines with a 500 t/d processing plant which was commissioned in Q1 of 2007 and to which a larger processing capacity is being added. This project is expected to have an annual production rate target of greater than 50,000 ounces once complete. In addition to its interests in these gold mining operations, Crew also controls gold and other development projects in Greenland, Ghana, Canada, the Philippines and Norway.

Crosshair Exploration and Mining Corp (TSX.V: CXX) is an aggressive uranium and gold exploration and development Company with select projects in Newfoundland and Labrador. The Company has developed into a dominant player in the exploration for uranium in the Central Mineral Belt of Labrador.

Crowflight Minerals (TSX.V: CML) is focused on Nickel, Copper and Platinum Group Minerals at the Thompson Nickel Belt and the Sudbury Basin. Crowflight currently owns and has under option more than 365 sq. km in Manitoba and Ontario, containing three highly prospective properties in the Thompson Nickel Belt -- Bucko-Bowden, Resting Lake and Halfway Lake, and six in Sudbury -- AER Kidd, Airport Property (a joint venture with Millstream Mines Ltd.), Marble Mountain Option, Copenhagen Option, Mystery Offset Dyke Option and Peter's Roost.

Crown Resources Corp. (OTCBB: CRCE) is a precious metals exploration company operating in the western United States. Crown's principal expertise is in identifying properties with promising mineral potential, acquiring these properties and exploring them to an advanced stage. Historically, Crown's goal has been to advance its properties through a joint venture with a partner that has expertise in mining operations. Crown's most significant mineral property is the 1.2-million-ounce Buckhorn Mountain Gold Project located in Washington State.

Crystal Graphite Corporation (OTCBB: CYTGF) produces flake graphite from its deposit in the West Kootenay, near Nelson, British Columbia, Canada approximately 95 kilometres north of the USA/Canada border. The Company's processing plant produces high purity graphite primarily for the fuel cell bi-polar plate market. The Company's wholly owned subsidiary, Canada Pumice Corporation, produces volcanic materials from its Nazko Cone deposit 100 km west of Quesnel, British Columbia.

Crystallex International Corp. (TSX: KRY) is a Canadian-based gold producer with operations and exploration properties in Venezuela. Recent expansion and anticipated increases in production will lift Crystallex from the ranks of a junior producer to one in the intermediate range.

CUE Resources Ltd. (TSX:CUE.V) At present, Cue's focus is on an exciting uranium project in the Republic of Paraguay, the Yuty Project.

Curnamona Energy Limited (CUY.AX) is a uranium explorer focused in the Curnamona Craton in South Australia.

Currie Rose Resources Inc. (TSX:CUI.V) The main focus is the Company's gold exploration projects in The Lake Victoria Gold Fields in Tanzania

Cusac Gold Mines Ltd. (OTCBB: CUSIF) is a leading gold producer and exploration company in British Columbia, Canada. Cusac's ready-for-production, Table Mountain gold mine and large-scale gold target, the Taurus II project, are both located in the prolific Cassiar Gold Camp located in north-central British Columbia. Over the last 40 years, Cusac has amalgamated the largest claim holdings within the Cassiar Gold Camp.

Cypress Development Corp. (TSX:CYP.V) Cypress Development Corp. is a diversified precious and base metal exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

Dajin Resources Corp. (TSX:DJI.V) A British Columbia exploration company with mining projects in the Cariboo Mining District in central B.C. and the Nelson Mining District in southeastern B.C.

Deep Yellow Limited (DYL.AX) is a minerals exploration company, primarily focused on the exploration and development of uranium resources

Delta Exploration Inc. (TSX:DEV.V) Canadian-based, TSX-Venture Exchange listed company exploring for gold and uranium in West Africa.

Denison Mines Inc. (TSX: DEN) is a uranium exploration, development and production company, whose principal assets are its interests in the McClean Lake Facility and the Midwest Uranium Project, both of which are located in Northern Saskatchewan.

Detour Gold Corp. (TSX:DGC.TO) Detour Gold is a Canadian gold exploration and development company whose focus is to advance the development of its Detour Lake project located in northeastern Ontario.

Dia Bras Exploration Inc. (TSX:DIB.V) Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the Cusi silver mining camp.

Diamond Discoveries International Corp. (OTCBB: DMDD) is an U.S. exploration company with executive offices in Vancouver, B.C. Through its wholly owned subsidiary Diamond Discoveries ( Canada) Inc., it controls certain mineral permits in the Torngat Mountains Peninsula, north-eastern Quebec. The company is focused on exploring for diamonds.

Diamond Fields International Ltd. (TSX: DFI) is a marine diamond producer with a superior portfolio of mineral exploration properties in several areas of the world. Diamond Fields' corporate strategy is to maximize cash flow from its Namibian marine diamond concessions and systematically explore and develop its international mineral exploration projects. In addition, the company continues to explore opportunities to acquire new economic mineral projects worldwide.

Diamondex Resources Ltd. (TSX: DSP) is an aggressive, mid-tier diamond explorers in Canada. Its portfolio of 15 exploration properties covers more than seven million acres, spread across the north from the MacKenzie River valley in the Northwest Territories to northern Quebec.

Diamonds North Resources Ltd. (TSX: DDN) is a dynamic exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.

Dianor Resources (TSX.V:DOR) is an innovative exploration company focused on diamond exploration. The Company has entered into option/joint ventures in Quebec and Ontario with numerous exploration companies to explore for and discover diamond deposits.

Dios Exploration Inc. (TSX: DOS) is a major diamond explorer in Quebec with several projects being developed along the favourable Mistissini-Lemoyne Structure that hosts several kimberlites, including the Ashton-Soquem Renards diamondiferous cluster, and the southern portion of that structure, which returned significant results for DIOS. DIOS also has a new project elsewhere in Quebec.

Discovery Air Inc. (TSX:DA-A.TO) Provides provide a vehicle for consolidation of Canada 's profitable niche aviation companies. On January 4, 2008, Discovery Air acquired Discovery Mining Services, a leading provider of remote exploration camps, expediting, logistics and staking to a broad spectrum of gold, base metal, uranium, and diamond exploration companies.

Discovery Group The Discovery Group is an alliance of seven companies led by some of the brightest minds in the mineral exploration industry: Companies: Brilliant Mining Corp. (TSX.BMC.V); Committee Bay Resources Ltd. (TSX:CBR.V); Indicator Minerals Inc. (TSX:IME.V); Kaminak Gold Corporation (TSX:KAM.V); Kivalliq Energy Corp. (TSX:KIV.V); Cedar Mountain Exploration Inc. (TSX:CED.V); Corsa Capital Ltd. (TSX:CSO.V)

Ditem Explorations (TSX.V: DIT) is a uranium exploration company with properties in the Athabasca Basin, including the 837 km2 , 100% owned Cree Lake property and the Otish Property (320 km(2) 100% owned) situated in the Otish Basin of North Central Quebec.

Donner Metals Ltd. (TSX.V: DON; FWB:D4M) is a Canadian base metal exploration company. The Company has a strong management team and advanced exploration projects, which have led to joint ventures with major mining companies TeckCominco and Xstrata plc. Donner has recently entered into an Option and Joint Venture Agreement (OJVA) with Xstrata Zinc Canada for the joint exploration of the Matagami Mining Camp of Quebec for volcanogenic massive sulphide deposits (VMS). The Matagami Project has an area of mutual interest of 4,737 square kilometres and presently includes 2,045 mineral claims covering 477 square kilometres.

Doublestar Resources Ltd. (TSX.V: DSR) is a Canadian mineral resource development company owning and working advanced and grass-root precious and base metal projects to Canada's Northwest Territories.

Douglas Lake Minerals, Inc. (OTCBB: DLKM) is in the business of gold exploration and mining. This junior exploration company is currently working on five properties located in Tanzania in the Morogoro and Mwanza areas.

Duluth Metals Ltd. (TSX:DM.TO) Duluth is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth's principal property is the Nokomis Deposit located within the rapidly emerging Duluth Complex mining camp in northeastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals.

Dundee Precious Metals Inc (TSX: DPM) is a Canadian operating mining company engaged in the acquisition, exploration, development and mining of precious metals. It currently owns the Chelopech Mine, a producing gold/copper mine and the Krumovgrad Gold Project, a development project, both located in Bulgaria and is engaged in mineral exploration activities in the region. In addition, Dundee Precious has the option to earn a 60% interest in the Back River gold project in Nunavut, Canada. The Company also holds a significant and strategic portfolio of investments in the precious metals and mineral related sector.

Duran Ventures Inc. (TSX:DRV.V) Canadian resource company with exploration activities at the Pasacancha Silver-Lead-Zinc Target in Ancash, Peru.

Dynacor Gold Mines (TSX:DNG.TO) Dynacor is a gold exploration and mining company, that has been active in Peru through its subsidiaries since 1996. The Company's assets include the Acari, Casaden and Tumipampa exploration properties. The Acari mill produces gold by custom milling. Dynacor's strength and competitive advantage comes with the experience and knowledge the Company has developed while working in Peru.

Dynamic Materials Corp. (NASDAQ: BOOM) is a leading international metalworking company. Its products include explosion-welded clad metal plates and other metal fabrications for use in a variety of industries, including petrochemicals, refining, hydrometallurgy, aluminum smelting and shipbuilding. The company operates two business segments: the Explosive Metalworking Group, which uses proprietary explosive processes to fuse dissimilar metals and alloys, and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines. With more than 30 years of international experience, DMC has captured a commanding share of the worldwide market for explosion-welded clad metals.

Dynasty Gold Corp. (TSX:DYG.V) Dynasty Gold Corp. is a Canadian gold exploration and development company that is aggressively seeking out new opportunities

Dynasty Metals and Mining (TSX.V: DMM) is a Canadian based exploration company focused on gold exploration and development in southern Ecuador. Dynasty owns 100% of three gold discoveries, two within known mining districts and the third representing an entirely new discovery of considerable significance.

Dynasty Metals Australia Limited (DMA.AX) Dynasty Metals Australia Limited (DMA) is a gold, uranium, nickel and iron ore exploration company with projects located in Victoria and Western Australia.

Eagle Plains Resources Ltd. (TSX: EPL) is an aggressive junior exploration company operating in Western Canada. Over the past decade, its focus has been to acquire quality exploration projects that have the potential to be economic producers. Its objective is to increase shareholder value by identifying and securing early-stage mineral exploration opportunities, then attract joint venture interest to finance their development.

Eaglecrest Explorations Ltd. (TSX.V: EEL) is a Vancouver based mineral exploration and development company.

East Asia Minerals Corporation (TSX.V: EAS) is an Asian-based Canadian mineral exploration company with projects in Mongolia and on-going acquisition targets in the East Asia Region. The Company has a 75% interest in the Khok Adar copper oxide discovery. It also owns six uranium properties, all located in east-central Mongolia, and is involved in advanced discussions to acquire advanced gold and copper-gold projects in Indonesia.

East West Resource Corporation (TSX.V: EWR) is a Vancouver, B.C. based junior exploration company. The majority of the Company's properties are located in the Province of Ontario. Some of these properties are joint ventured with other mining companies. The Company is currently focusing on exploration and development of its properties located in Timmins and Thunder Bay, Ontario. A large emphasis has been put on research and acquisition of a number of platinum-palladium properties by the Company.

Eastern Platinum Ltd. (TSX:ELR) aims to be a low cost PGM (platinum group metals) producer in 2006 by developing the two-million ounce Mareesburg deposit, and the eight-million ounce Spitzkop deposit in South Africa. Both projects are high grade, platinum rich, near surface deposits all of which make for simple mining and low cost operations.

Eastfield Resources Ltd. (TSX.V: ETF) is a Canadian public company engaged in the exploration of North American precious and base metal mineral properties

Eastmain Resources Inc. (TSX: ER) is a Canadian exploration company whose primary objective is the exploration and discovery of profitable ore deposits.

ECU Silver Mining inc. (TSX.V: ECU ) is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company's Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs.

El Nino Ventures Inc. (TSX.V: ELN) is an exploration stage company currently developing an aggressive global acquisition strategy. Our business model is to revisit former mining regions, apply new technologies to advanced stage exploration targets, and aggressively acquire new projects. Our present focus is on Canada, Alaska, and Eastern / Central Europe. In Canada, El Niño has an Option/Joint Venture with Falconbridge Limited, a subsidiary of Xstrata plc, to explore the world class Bathurst Zinc / Base Metals Mining Camp in New Brunswick. El Niño is also exploring for uranium in the Bancroft uranium camp in Ontario. El Niño is currently negotiating on new projects in Alaska, and Eastern/Central Europe

Eldorado Gold Corp (AMEX: EGO) is engaged in the mining and processing of gold ore and the exploration for, and the acquisition and development of, gold-bearing mineral properties. Gold, the primary product, is produced in Brazil. During 2002, the Company's gold production was solely derived from the Sao Bento Mine in Santa Barbara, Minas Gerais, Brazil. Development activities are carried on in Turkey. The Company's key development property is the Kisladag project located in Usak Province, Turkey. It is also developing the Efemcukuru, Kaymaz and Kucukdere properties. Eldorado Gold owns its material assets through 14 subsidiaries.

Electra Gold Ltd. (TSX:ELT.V) A ctive engagement in the mining of industrial minerals, such as chalky geyserite, kaolin, geyserite, zeolite and limestone.

Eloro Resources Ltd. (TSX.V: ELO) is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay District of northern Quebec and the Timmins Camp of northern Ontario. Eloro currently has 19 gold-copper-silver and uranium properties covering 425 square kilometers in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp's Eleonore Gold Prospect.

Emgold Mining Corporation (TSX.V: EMR) is a Vancouver-based exploration and mining company focused on the re-development of the former Idaho-Maryland Gold Mine located in Grass Valley, California and the exploration and development of several early stage prospects in British Columbia. Emgold is working to become a gold producer, focusing its efforts primarily on the Idaho-Maryland Property.

Encounter Resources Limited (ENR.AX) Uranium exploration in WA

Endeavour Mining Capital Corp (TSX: EDR; OTC.PK: EDRGF; FSE: EJD), is a silver mining company focused on the growth of its silver resources and production in Mexico.

Endurance Gold Corp. (TSX:EDG.V) A precious metals exploration and development company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

Energold Mining Ltd. (TSX:EGD.V) Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry.

Energy Fuels (TSX.V: EFR) The principal business activity is mineral exploration in uranium & vanadium projects located in the States of Colorado, Utah, and Arizona through its wholly-owned US subsidiary, Energy Fuels Resources Corporation and gold, base metals and platinum group projects in Newfoundland and Quebec.

Energy Metals Corporation (TSX.V: EMC) is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. The Company is targeting advanced projects in Wyoming that are amenable to ISL. This form of uranium mining was pioneered in Wyoming utilizing water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.

Energy Resources of Australia Limited (ERA.AX) is a Northern Territory based miner and producer of uranium oxide. ERA is the world's third largest uranium producer, exporting its product to Asia, Europe and North America, solely for use in nuclear power facilities for the generation of electricity. ERA is 68.4% owned by Rio Tinto Australia.

Entourage Mining Ltd (OTCBB: ETGMF) is a Canadian junior mining company engaged in the exploration and development of gold, diamond and uranium prospects. Its current property portfolio consists of a very prospective diamond concession ( Saskatchewan), two Uranium prospects ( Saskatchewan and Quebec) and one gold/silver prospect ( Nevada). Entourage assets are in regions known for rich mineralization.

Entrée Gold (TSX.V: ETG) is a junior resource company focused on the deep exploration and advancement of premium gold assets worldwide. The Company is currently exploring its strategically located Shivee Tolgoi (Lookout Hill) property in Mongolia which is adjacent to and completely surrounding Ivanhoe Mines' Oyu Tolgoi (Turquoise Hill) property.

Equinox Minerals Limited (EQN.AX) Equinox Minerals Limited (EQN, formerly Equinox Resources Limited) is a minerals exploration company with projects in Australia, Zambia, Peru and Sweden. EQN's main focus is the development of the Lumwana project in Zambia into production.

Erdene Gold Inc. (TSX.V: ERD) is a mineral exploration company focused on Mongolia with over 20 precious and base metal projects that include 47 licences covering in excess of 840,000 hectares, as well as 19 uranium licences and applications covering more than 1.1 million hectares.

Eromanga Uranium Limited (ERO.AX) Eromanga Uranium Limited (ERO) is a junior uranium exploration company with the projects located within the Eromanga and Gawler cratons in South Australia (SA) and Northern Territory(NT). ERO acquired its rights to earn 50-70% interest in the projects from Maximus in exchange for a 30% stake in the company

ESO Uranium Corp. (TSX.V: ESO) is a Vancouver based mineral resource company, is actively exploring for uranium in the Athabasca Basin in Saskatchewan. The Company controls almost 1 million acres of mineral claims in the Athabasca Basin making it one of the largest land holders in the world's most prolific uranium producing region. ESO also controls 100% of the Mikwam Gold Project totaling approximately 26,885 acres located along the western extension of the Casa Berardi deformation zone in Ontario.

Esperanza Silver Corporation (TSX.V: EPZ) is a mineral exploration company dedicated to discovering new bulk-tonnage silver projects. We are comprised of one of the most experienced and highly respected management and geologic teams in the field. In the past decade we demonstrated our success by identifying over 250 million ounces of silver. In the past few years, as silver has gained more attention and prices have risen, we at Esperanza Silver Corp. have intensified our efforts and are determined to locate the most promising new prospects.

Etruscan Resources Inc. (TSX: EET) Etruscan Resources Inc. is a diversified Canadian mining company that has been exploring for gold and diamonds in Africa for over 12 years. Today, Etruscan holds one of the largest strategic land positions in West Africa covering over 10,000 km² The Company is also active in diamond exploration and development. Etruscan's interests include operations that produce gold and diamonds together with advanced stage projects and earlier stage regional exploration opportunities.

EURASIAN MINERALS INC (TSX.V: EMX) is a major exploration landholder in Turkey, the Kyrpyz Republic and Serbia.

European Goldfields Limited (TSX:EGU.TO) European Goldfields Limited is a resource company involved in the acquisition, exploration and development of mineral properties in Greece, Romania and South-East Europe.

European Minerals Corporation (TSX: EPM) is a junior natural resource company principally engaged in the development of its 100% owned Varvarinskoye gold-copper deposit in Kazakhstan. The Company's shares currently trade on the TSX and on the AIM (Alternative Investment Market) of the London Stock Exchange.

Everton Resources (TSX.V: EVR) is a gold exploration company with key properties in the Dominican Republic, Uruguay and Quebec. Its properties in the Dominican Republic surround the Pueblo Viejo and Falcondo Mines , and have the potential to contain large gold and nickel laterite deposits. In Uruguay, Everton's properties are on the under-explored Florida Greenstone Belt that has similar geology to the Timmins, Kirkland Lake and Val d'Or mining camps. Its Quebec properties are adjacent to Virginia Gold's Eleonore discovery in the James Bay region.

Evolving Gold Corp. (TSX:EVG.V) Evolving Gold is focusing its exploration program on its Rattlesnake Hills discovery property. Evolving also holds eight other gold properties primarily in Nevada, including a lease agreement with Newmont Mining Corp. on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend.

Excalibur Resources Ltd. (CNSX:XBR) A junior exploration mining company focused on the discovery, development and mining of economically viable precious and base metal mineral resources.

Excellon Resources Inc. (TSX.V: EXN) has become Mexico's newest silver producer through exploitation of very high grade massive sulphide orebodies in its Platosa Mine in northeastern Durango State, Mexico.

Exeter Resource Corporation (TSX.V: XRC) is a technically-advanced, Canadian gold exploration company, focused on the discovery of epithermal gold/silver projects in Argentina and Chile. The La Cabeza project is currently estimated to contain an indicated resource of 390,000 ounces of gold and an inferred resource of 500,000 ounces of gold, as announced July 27, 2005. The current, three-rig resource expansion and up-grade drilling program at La Cabeza is a key component of project development activities, which include engineering, metallurgical, hydrological, and environmental studies.

Exmin Resources Inc (TSX.V: EXM) Through its wholly-owned subsidiary, EXMIN, S.A. de C.V., a corporation incorporated under the laws of Mexico, EXMIN Resources Inc. is currently focused on the exploration and development of precious metal properties of merit in the Sierra Madre gold belt of Northwestern Mexico.

Explor Resources Inc. (TSX:EXS.V) Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt.

Exploration Typhoon Inc. (TSX:TOO.V) A mining exploration company whose mission is to develop and increase the value of mineral resources in Canada.

Explorator Resources Inc. (TSX:EXO.V) Explorator Resources is a Canadian-based mining exploration company focused on advancing its El Espino Copper-Gold Project in Chile.

Extract Resources Ltd (EXT.AX) Extract Resources Limited (EXT, formerly Tuart Resources Limited) is a mining and exploration company with interests in the Gawler Craton in South Australia and the Meekatharra and Tuckabianna regions in Western Australia. The company's main focus is on the development and mining of the Burnakura Project.

Farallon Resources Ltd (TSX:FAN.TO) Focused on exploration and pre-development of the G-9 deposit at its Campo Morado Property in Guerrero State, Mexico

Firesteel Resources Inc (TSX.V :FTR ) is a junior exploration company which explores for and develops quality precious and base metal prospects in British Columbia, the NWT and Mexico, and oil sands properties in Alberta. The company has recently been actively drilling and trenching on its Copper Creek property in northern British Columbia with strong indications of copper and gold minerlization. Firesteel has also entered the oil sands business with the acquisition of leases in the Peace River area of northern Alberta through its Blacksteel Oil Sands subsidiary

Firestone Ventures Inc. (TSX.V: FV) is a Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America.

First Majestic Silver Corp. (TSX:FR.TO) First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.

First Narrows Resources Corp. (CDNX:UNO.V ) is a Canadian-based mineral exploration company whose corporate strategy is to develop overlooked and undervalued mineral properties that offer near term production potential. The Company has active projects in the Province of New Brunswick, Canada and in the State of Sonora, Mexico. The most advanced project is the 100%-owned Chester copper-polymetallic deposit in New Brunswick's Bathurst Mining Camp, which is rapidly moving forward to NI 43-101 mineral resource estimate and conceptual mine design status.

First Nickel Inc. (TSX:FNI.TO) First Nickel is a Canadian mining and exploration Company. Its current activities are primarily focused on the Sudbury Basin in northern Ontario, the location of the company's Lockerby Mine and four of its exploration properties. First Nickel also has two exploration properties in the Timmins region of northern Ontario.

First Point Minerals Corp (TSX.V: FPX) is a Canadian based mineral exploration company focused on acquisition of precious and base metal properties in the America. The company is currently focusing its efforts in Central America to develop reserves on the Rio Luna gold property in Nicaragua and the Cacamuyá gold/silver property in Honduras. The management team with over 120 years of management experience in over 30 countries, has been instrumental in the discovery, exploration and advancement of seven major mines containing over 25 million ounces of gold as well as several other mineral discoveries worldwide.

First Silver Reserve Inc. (TSX: FSR) is a silver mining company focused on low cost, profitable production of silver through its 100% owned San Martin silver mine, located 250 km north of Guadalajara in Jalisco State, Mexico.

First Quantum Minerals Ltd. (TSX: FM) is a growing mining and metals company whose principal activities include mineral exploration, development and mining. The company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid. The company's operations in Zambia include the Bwana Mkubwa SX/EW facility and sulphuric acid plants and the Kansanshi open pit copper-gold deposit. In the Democratic Republic of Congo, First Quantum operates the Lonshi open pit copper mine which provides oxide copper ore for processing at Bwana Mkubwa, and other properties.

First Uranium Corporation (TSX:FIU.TO) First Uranium Corporation is focused on the development of its South African uranium and gold mines with the goal of becoming a significant producer through the re-opening and underground development of the Ezulwini Mine and the expansion of the Mine Waste Solutions tailings recovery facility.

Firstgold Corp. (OTCBB:FGOC) Firstgold Corp. currently leases over 30,000 acres of prime exploration property in Nevada. Its principal project is Relief Canyon. The Relief Canyon mine recently had its Plan of Operation reinstated in the state of Nevada and the company is conducting extensive drilling and development analysis on the project. Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine

Fission Energy Corp (TSX:FIS.V) A Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

Fjordland Exploration Inc (TSX:FEX.V) Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia.

FNX Mining Co (TSX: FNX) is mining and exploring in Canada's prolific Sudbury Basin, one of the world's great mining areas for more than 100 years.

Foran Mining Corporation (TSX:FOM.V) Foran Mining is a junior exploration company focused on the McIlvenna Bay deposit which is comprised of 26 claims totalling 12,950ha and is located approximately one kilometre south of Hanson Lake, Saskatchewan.

Fording Canadian Coal Trust (NYSE: FDG) is an open-ended mutual fund trust. Through investments in metallurgical coal and industrial minerals mining and processing operations, the Trust makes quarterly cash distributions to unitholders. The Trust, through its subsidiaries, holds a 60% interest in the Elk Valley Coal Partnership and is the world's largest producer of the industrial mineral wollastonite.

ForestGate Resources (TSX.V: FGT) is a mineral exploration company with diamond properties in Saskatchewan and Quebec.

Formation Capital Corporation (TSX: FCO) is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist.

Forsys Metals Corp. (TSX.V: FSY) is a new and innovative exploration company in the business of advancing high value uranium, precious and base metal projects in Namibia, Africa.

Fortress Minerals Corp. (TSX.V: FST) is a Canadian mineral exploration company that holds a 51% interest in the Svetloye gold project, an advanced exploration project in Russia, as well as a large land package in Mongolia encompassing key copper/gold prospective regions in the country.

Fortuna Silver Mines Inc (TSX.V: FVI) is an emerging silver producer focused on Latin America. Its primary assets are the Caylloma Silver Mine in southern Peru, and the San Jose Silver-Gold Mine in Oaxaca Mexico.

Fortune Minerals Limited (TSX: FT) is a diversified natural resource company with seven mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO cobalt-gold-bismuth deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune is the managing partner of Formosa Environmental Aggregates Ltd., an industrial mineral company developing the Greenock high calcium limestone quarry in Ontario.

Fortune River Resource Corp. (TSX:FRX.V) Exploring for high-grade gold deposits within two prolific gold producing geologic provinces, Nevada and Ontario .

Fortune Valley Resources Inc. (TSX:FVX.V) Fortune Valley Resources Inc. is a TSX Venture-listed mining company focused on creating shareholder wealth through the acquisition, exploration and development of high quality gold and silver projects in Chile and Argentina.

Forum Uranium Corp. (TSX.V: FDC) is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium projects. The Company has a 100% interest in over 170,000 hectares of uranium exploration properties, a 65% interest in the Costigan Lake Joint Venture and a 50% interest in the Haultain River Joint Venture located in the prolific Athabasca Basin, Saskatchewan. Forum also has a 50% joint venture interest in over 100,000 hectares of prospective ground nearby AREVA's Kiggavik uranium deposit in the Thelon Basin, Nunavut Territory.

Foundation Coal Holdings, Inc. (NYSE: FCL) is the fifth largest coal producer in the United States. Although its name is new, it has been in the business of mining and selling coal through its predecessor companies for decades.

Franco-Nevada Corporation (TSX:FNV.TO) Franco-Nevada Corporation is a gold focused royalty company with additional interests in platinum metals, oil & gas and other assets. The majority of revenues are generated from a diversified portfolio of high quality royalty properties in the United States, Canada and Australia. Franco-Nevada is the leading gold royalty company by gold revenues, gold margins and number of gold royalty interests.

Franconia Minerals Corporation (TSX.V: FRA) is an Alberta corporation with a property portfolio that consists of: Birch Lake property in the Duluth Complex of Minnesota which contains an inferred platinum-group metal-copper-nickel resource of 51 million tones at a grade of 0.675% copper; 0.211% nickel; 0.01% cobalt; 0.216 grams per ton (g/t) gold; 0.972 g/t palladium and 0.46 g/t platinum (according to a NI 43-101 compliant audit of a resource estimate recently completed by Roscoe Postle Associates of Toronto); San Francisco property, a high-grade zinc exploration target in the western US (up to 55ft of 19% Zn in limited previous drilling); Mahoney property, a high-grade zinc target in New Mexico; and platinum-palladium targets in the Duluth Complex of Minnesota.

Freegold Ventures Limited (OTCBB: FGOVF) is a North American gold exploration company with active mineral interests in Idaho, the Yukon Territory and Alaska.(copper, gold)

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is the world's lowest-cost copper producer and one of the world's largest producers of copper and gold. FCX's operations are conducted through its subsidiaries, PT Freeport Indonesia, PT Irja Eastern Minerals and Atlantic Copper, S.A

Freewest Resources Canada Inc. (TSX.V: FWR) is a mineral resource exploration company aggressively exploring in Eastern Canada. The company resulted from a spin-off in December, 1994, following the amalgamation of its predecessor company, Freewest Resources Inc., with Hemlo Gold Mines Inc. (now Newmont Mining Corporation).

Friedman Industries Inc. (AMEX: FRD) engages in pipe manufacturing and processing, steel processing, and steel and pipe distribution. It purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis. The Company also processes customer-owned coils on a fee basis. In addition, Friedman Industries manufactures, purchases, processes, and markets tubular products, primarily line and oil country pipe. The company sells coil products through its own sales force to steel distributors and customers fabricating steel products, located primarily in the midwestern, southwestern, and southeastern sections of the United States. Friedman Industries sells its tubular products to steel and pipe distributors, piling contractors, and Lone Star Steel Company.

Fronteer Development Group Inc. (TSX: FRG) is a North American gold exploration company with active mineral interests in Idaho, the Yukon Territory and Alaska.

Frontier Pacific Mining Corporation (TSX.V: FRP) is focused on the development of the advanced Perama Hill gold project in northern Greece, held by its subsidiary Thracean Gold Mining S.A. In addition to Perama Hill, the Company holds an option to earn a 50% interest in the Macusani Uranium Project from joint-venture partner Solex Resources Corp. and a 100% mining lease option on the Dixie Creek gold property in Nevada's Carlin Trend.

Full Metal Minerals (TSX.V: FMM) has thirteen active mineral projects in Alaska, including four joint ventures. Assays are currently pending for the drilling programs at the Lucky Shot Gold Project and Mount Andrew Copper-Gold Project.

Fury Exploration Ltd (TSX:FUR.V) Fury Explorations is a silver focused exploration and development company uniquely positioned to become a near-term, silver producer.

Gabriel Resources Ltd. (TSX:GBU.TO) Gabriel Resources is a Canadian based resource company committed to responsible mining and sustainable development in the communities in which it operates. Gabriel is currently engaged in the exploration and development of mineral properties in Romania and is presently engaged in the development of its 80% owned Rosia Montana gold project.

Galahad Gold (LSE: GLA) is an international mining development company.

Galantas Gold Corporation (TSX.V: GAL) is building Ireland's first gold mine, with production scheduled for Spring 2006. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified Galantas (TM) Irish gold jewellery.

Galena Capital Corp. (TSX:FYI.V) Galena's mission statement is to aggressively build a well-financed, premiere public company run by dedicated, experienced senior management, with projects whereby production can withstand commodity fluctuations and therefore create a legacy in Mexico and South America.

Gallery Resources Ltd (TSX.V: GYR) is a Vancouver, B.C. based junior mining company committed to the development of mineral resources.

Galore Resources Inc. (TSX.V: GRI) is a mineral resource company based in British Columbia, Canada incorporated in November 2004. The company owns and has options to acquire 100% interest in mineral titles to 48,081 hectares covering numerous exploration targets for copper, molybdenum, gold and silver in the Taseko Lakes region in southwest British Columbia.

Gammon Lake Resources, Inc. (TSX: GAM; AMEX: GRS) is a mineral exploration company engaged in the exploration of gold and silver in Mexico. The Company primarily operates two exploration projects in Mexico: the Ocampo Open Pit, a partnership project with Bolnisi Gold NL, of which Gammon had a 40% stake, and Ocampo Underground, Gammon's 100%-owned northeast Ocampo project area. In addition, the Company has a 50% stake in Mexgold Resources Inc., a private company holding the Guadalupe Gold-Silver Project located in Chihuahua, Mexico.

Garrison International Ltd (TSX.V: GAU) is a junior mineral exploration company focused on acquiring and developing advanced stage, high quality, gold properties in China.

Garson Gold Corp (TSX:GG.V) Garson Gold holds a 100% interest in The New Britannia Mine (NBM) Project in Snow Lake Manitoba, as well as the Copper Prince and the McMillan Gold Mine properties located in Ontario.

Gateway Gold Corp. (TSX: GTQ) is a mineral exploration company fully focused on identifying and defining gold deposits in Nevada. Gateway's immediate objective is to define a major gold deposit at its Big Springs project in north-eastern Nevada.

GBS Gold International Inc. (TSX: GBS) is an international gold company focused on developing its gold assets, generating cash flow from low cost facilities and investing in strategic exploration and producing properties in acceptable risk locations. Through recent acquisitions of two Australian companies, GBS Gold has consolidated an extensive land position, a large mineral resource base and modern processing and infrastructure assets in a historically productive goldfield in the Northern Territory of Australia, with potential for future gold production. GBS Gold also has interests in several other gold exploration properties elsewhere in Australia and in Canada.

Gemini Explorations Inc. (OTCBB:GXPI) Gemini will be focused on the development and exploitation of the La Planada Gold Project in the southern region of Colombia. Gemini explorations newly acquired La Planada property is located in the municipality of Sotomayor, department of the Nariño, in southwestern Colombia

Genco Resources Ltd. (TSX:GGC.TO) Genco's core asset is the Guitarra silver-gold mine, located in the Temascaltepec Mining District of Mexico. La Guitarra Mine currently consists of two underground operation centres - La Guitarra and San Rafael - and a flotation mill with a proven capacity of 320 tonnes per day. Genco believes significant potential exists to expand production within the 39,714 hectares of mining concessions it currently owns or leases in the Temascaltepec Mining District.

General Minerals Corporation (TSX: GNM) is an international minerals exploration company focusing its activities in North and South America. The company has six properties in the U.S., three in Bolivia, one in Chile and six in Mexico. The target mineralization is copper, silver and gold. The company currently has four properties that are under option to major mining companies.

Geodex Minerals Ltd. (TSX.V: GXM; Frankfurt: G2W) is a Canadian based resource company with a focus on the exploration and development of base metal deposits in New Brunswick. The company’s flagship property is Sisson Brook which contains a large open-pittable tungsten/molybdenum deposit. Geodex is also considered the world's largest land holder of premium indium exploration properties due to the ownership of their second property, the rich Mount Pleasant Camp.

Geologix Explorations Inc. (TSX.V: GIX) is a mineral exploration company focused on acquiring, exploring and developing mineral properties in North and South America.

Gerdau AmeriSteel Corp. (NYSE: GNA) is the second largest minimill steel producer in North America with annual manufacturing capacity of over 8.4 million tons of mill finished steel products. Through its vertically integrated network of 15 minimills (including one 50%-owned minimill), 16 scrap recycling facilities and 42 downstream operations, Gerdau Ameristeel primarily serves customers in the eastern two-thirds of North America.

Gerdau S.A. (NYSE: GGB) engages in the production and distribution of crude steel and related long rolled products, drawn products, and long specialty products. The company produces steel based on the minimill concept, whereby steel is produced in electric arc furnaces from scrap and pig iron. Gerdau also produces steel from iron ore.

Gibraltar Industries Inc. (NASDAQ: ROCK) is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The Company serves a large number of customers in a variety of industries in all 50 states, Canada, Mexico, Europe, Asia, and Central and South America. It has approximately 3,500 employees and operates 75 facilities in 26 states, Canada, Mexico, and China.

Giralia Resources NL (GIR.AX) Giralia Resources NL (GIR) is an exploration company with projects in Australia, Indonesia and USA. The company is mainly focused on exploration for precious and base metals

Gitennes Exploration Inc. (TSX: GIT) is an exploration-oriented junior public company currently exploring gold, silver and copper prospects in Canada and Peru.

Gladiator Resources Limited (GLA.AX) is a mining and exploration company, with operations in Western Australia. GLA is focused on nickel, gold and uranium.

Glass Earth Gold Limited (TSX:GEL.V) Glass Earth is one of the largest New Zealand-based gold exploration companies exploring a land position of over 17,000 km(2) in the North and South Islands

Glen Hawk Minerals Ltd. (TSX.V: GHM) is a junior exploration company in the business of acquiring or jointly developing properties on which substantial acquisition, exploration and development expenditures have been made and where there is either excellent exploration potential or a significant, exploitable resource.

Glencairn Gold Corporation (TSX: GGG; AMEX: GLE) is a growing gold producer with mining and exploration activities focused in Central America. The Company operates the Bellavista Mine in Costa Rica and the Limon Mine in Nicaragua and plans to convert a third mine, La Libertad Mine in Nicaragua, to conventional milling and expand annual gold output. It holds a 60% interest in the Cerro Quema Project in Panama and a 100% interest in the Mestiza Project 70 kilometres from the Limon Mine.

Glengarry Resources Limited (GGY.AX) Glengarry Resources Limited (GGY) is a Perth-based junior minerals exploration company with operations in Australia. GGY's primary focus is on the Greenvale project in Qld.

Global Copper Corp. (TSX:GLQ) Global Copper Corp is a copper development company focused on the acquisition, development and operation of copper resources and mines. The company currently controls the Relincho and Vizcachitas properties in Chile and the Taca Taca and San Jorge properties in Argentina.

Global Hunter Corp. (TSX:BOB.V) Focus is on strategic and base metals, particularly copper and molybdenum. The Company has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile.

Global Minerals Ltd. (TSX:CTG.V) Global Minerals Ltd. focuses on the development of advanced-stage, highly profitable, mid-size ore bodies while continuing to explore for world-class gold and silver deposits in geopolitically stable countries. The experienced management team has accumulated several exploration projects, operates one producing mine and is focusing its efforts on the world-class Strieborna silver vein in Slovakia.

Global Uranium Corporation (TSX.V: GU) is focused on worldwide exploration and development of uranium projects.

Globe Uranium Limited (GBE.AX) Globe Uranium Limited (GBE) is an exploration company with three projects prospective for uranium located in Western Australia. As at November 2005, company had 90% interest in Bali Hi project and priority applications over Hooley Camp and Lake Teague projects.

GlobeStar Mining Corp. (TSX.V: GMI) GlobeStar's assets in the DR include the fully permitted Cerro de Maimon copper and gold development project and the highly prospective exploration ground surrounding the project. GlobeStar also controls 70 square kilometres of nickel concessions located along the Falcondo nickel belt, which has proven to be one of the richest nickel deposits in the Americas. In Quebec the Company's principal focus is on its Moblan project, which hosts high-grade lithium minerals used by the glass and ceramics industries.

Globetech Ventures Corp (OTCBB: GTVCF) principal business activities include the acquiring and exploration of mineral properties and the processing of related mineral resources. The Company is focused on the exploration and development of the Gladys Lake property located in British Columbia, which hosts a molybdenum deposit similar in tenor and size to the Adanac Deposit to the south. The property has an excellent anomalous soil footprint and weakly mineralized surface showings of molybdenite. Globetech will also evaluate the property's potential gold mineralization.

Globex Mining Enterprises Inc.(TSX: GMX) holds a diversified portfolio of over 75 mineral properties both in Canada and the U.S., including numerous gold prospects, more than 20 of which are significant mineralized zones or advanced exploration projects, a number of base metal properties including drill defined sulphide copper, zinc, gold and silver deposits; three diamond projects; one molybdenum deposit; one magnesium-talc deposit; one large uranium-gold project; one uranium-fluorite zone and two uranium showings.

GLR Resources Inc. (TSX: GRS) is a Canadian based junior mining and exploration company with projects in Ontario, Quebec and Saskatchewan. The most advanced asset is the Goldfields Project, which is located near Uranium City in Northern Saskatchewan. The Goldfields Project consists of two open pittable gold deposits, the Box and the Athona. The Box and Athona Gold deposits are past producing mines and are currently moving towards production status. An existing feasibility study is being updated to NI43-101 compliance.

GobiMin Inc. (TSX:GMN.V) GobiMin is a junior mining company with nickel/copper sulphide operations and development properties in northwestern China. Through its subsidiaries, Xinjiang Yakesi Resources Co. Ltd. and Hami Jubao Resources Co. Ltd., GobiMin controls three concessions, within a 10-kilometre radius, totaling 455 hectares. GobiMin also has 40% interest in the newly discovered Yanxi Copper Deposit in Hami region of Xinjiang, China. GobiMin has another four joint ventures, exploring various base metal projects in the Xinjiang region. GobiMin also has set up joint venture for exploration of mineral properties in Indonesia.

Goldbrook Ventures Inc. (TSX.V: GBK) is currently engaged in area selection, property acquisition, and exploration for ore deposits. Goldbrook's focus is on the discovery of Ni-Cu-PGE sulphide deposits – a class of mineral deposit that, due to its poly-metallic characteristic, has the advantage of protection against individual metal price cycles and has strong long term supply-demand fundamentals.

Gold Canyon Resources Inc (TSX.V: GCU) is engaged in the acquisition and exploration of mineral and precious metals properties and currently owns and operates the Springpole Gold Project in the Red Lake Mining District of Ontario, Canada and its Cordero Gallium Project in Humboldt County, Nevada, U.S.A.

Gold Fields Ltd. (NYSE: GFI) is one of the world's largest precious metals producers. Since its formation in 1998, with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited, the company has grown to play a leading role in the development of the industry.

Gold Port Resources Ltd. (TSX:GPO.V) An aggressive Canadian junior gold exploration company developing exploration opportunities in geographic areas with a proven history of geological discovery in Guyana, South America.

Gold Reach Resources Ltd. (TSX:GRH.V) Gold Reach Resources Ltd. is a Canadian exploration company actively involved in the development of the Seel and Ox Lake projects, a 17,149.5 hectare copper-gold-molybdenum-silver project located 120 kilometres south of Houston, BC and eight kilometres east of the producing copper-molybdenum Huckleberry Mine.

Gold Reserve Inc. (AMEX: GRZ) is an emerging mining company with a history in mining dating back to 1956. Mining is located in Venezuela, with corporate offices being in Spokane, WA. The company was formed for the purpose of acquiring, exploring and developing mining properties and placing them into production.

Gold Resource Corporation (OTCBB: GORO; FSE: GIH) based in Denver, Colorado is an emerging low cost gold and silver producer with 100% interest in four high-grade gold and silver properties in Mexico’s southern state of Oaxaca. Production is targeted mid-2008 of its flagship El Aguila Project where an independent scoping study estimated cash cost +/- $100 per ounce gold and a capital payback of less than one year. The Company’s projects have been selected based on projected low operating costs and potential for significant returns on capital.

Gold Standard Inc. (OTCBB: GSDDE) is a gold and precious metals exploration company located in Salt Lake City, Utah for the past thirty years. It has conducted exploration programs in the western United States, Uruguay, Paraguay, Argentina and Brazil.

Gold Summit Corporation (TSX.V: GSM) has a portfolio of high grade, bonanza-style, gold/silver properties are very similar to some notable discoveries in the past decade, including the very prolific Ken Snyder Mine at Midas. A new generation of these bonanza vein deposits mined underground has already demonstrated profitability, even during the recent cycle of low gold prices. Underground mines have a much smaller surface impact than open-pit deposits, making them easier to permit and more socially acceptable. Several of Gold Summit's properties were explored for shallow, open-pit deposits but their underground, bonanza vein potential remains untested. The company plans extensive diamond drilling of the numerous high grade outcropping veins already identified, with many more such targets in the pipeline. Gold Summit continues to evaluate new prospects brought in by its widespread professional contacts.

Goldbelt Resources Limited (TSX.V: GLD) is a Toronto based Canadian-listed gold exploration and development company.

Goldcorp, Inc. (NYSE: GG) is a North American-based gold producer that owns and acquires properties, explores for precious metals, develops mines and produces mostly gold. The Company's primary property is the Red Lake Mine, which is located in Ontario, Canada, and produced more than 500,000 ounces of gold per year in both 2001 and 2002. Goldcorp also has extensive holdings of minerals rights in the Red Lake District, including the Cochenour Mine property and the Abino prospect, both of which are being actively explored. In addition, the Company produces gold at the Wharf Mine in the Lead mining area in the Black Hills of South Dakota in the United States.

Goldcrest Resources Ltd. (TSX.V: GCL) is a mineral exploration company focused on growing shareholder value through the advancement of its Youanmi project in Western Australia and its Malba and Kampti projects in Burkina Faso. The Youanmi project has a complete infrastructure including a Carbon in Pulp ("CIP") processing plant, Bactech bio-oxidation plant and a mine village on site. The CIP plant, which was built in 1986, is capable of processing 600,000 tonnes per annum through its circuit. The plant operated from 1987 through 1993 with an overall average recovery of 89.4% and is described in detail in the Technical Report prepared by RSG Global, which has been filed on SEDAR (www.sedar.com). The technical report also fully describes the Bactech bio-oxidation plant and other infrastructure. The Youanmi property has previously produced over 670,000 ounces of gold.

Golden Arch Resources (TSX.V: GAI) is a junior resource company that has been exploring mineral, oil and natural gas projects in its present form for over twelve years. The company's two present projects are the historic Mildred Peak property in Pima County, Arizona and the Section 66 gas play in Hemphill, Texas.

Golden Arrow Resources Corporation (TSX.V:GRG) owns a large property portfolio that contains 37 precious and base metal projects that cover 185,000 hectares of prospective ground in both Argentina and Peru.

Golden Band Resources Inc. (TSX.V: GBN) is a Saskatchewan based resource company whose major focus is the long-term, systematic gold exploration and development of its La Ronge Gold Belt properties in Northern Saskatchewan. Through a series of strategic acquisitions, Golden Band has transformed itself from a junior exploration company to an emerging producer with a gold portfolio worthy of an intermediate mining company.

Golden Chalice Resources Ltd. (TSX:GCR.V) The Company's main focus continues to be its flagship Langmuir Project. Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

Golden China Resources Corporation (TSX: GCX) is a Toronto based mining company focused on China's dynamic precious metals industry.

Golden Eagle International Inc. (OTCBB: MYNG) is engaged in the development of existing gold and copper deposits in the Guarrayos Greenstone Belt within Bolivia's Precambrian shield, with estimated gold reserves of 84,000 troy ounces and estimated copper reserves of 82 million pounds. Exploration is ongoing in this highly prospective area.

Golden Goliath Resources Ltd. (TSX.V: GNG) is a Canadian mineral exploration company based in Vancouver, British Columbia. The Company's focus is on its 100-percent-owned Uruachic Project in the Sierra Madre Occidental mountains in Western Chihuahua State, Mexico. The Sierra Madres have a long history of metal production and are home to many highly productive operating mines.

Golden Hope Mines Ltd. (TSX:GNH.V) Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold, silver and base metal projects suitable for underground and/or open-pit mining. The company's two areas of interest are located in Quebec, Canada and Maine, U.S.A. The Bellechasse gold project in Quebec includes the Timmins and Ascot gold zones, the Coucou volcanic target and a number of newly claimed serpentinite geological formations.

Golden Patriot, Corp. (OTCBB: GCPT) is actively engaged in the acquisition and exploration of high priority gold properties in northern Nevada. To date GPTC's holdings total 178 claims covering 2,935 acres. With our team of highly skilled, experienced management and geologists, we are taking steps toward development.

Golden Peaks Resources Ltd. (TSX: GL) is a progressive international exploration and resource development firm that holds over 385,000 acres of prospective land holdings in four of Argentina's most established mining districts. At present, the Company is advancing five high priority gold projects (100%-owned or with the right to acquire 100%). Based on individual merit, management believes each project demonstrates potential to develop into a significant gold discovery.

Golden Phoenix Minerals Inc. (OTCBB: GPXM) is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in the western United States using competitive business practices balanced by principles of ethical stewardship.

Golden Predator Mines Inc. (TSX:GP.TO) Golden Predator Mines Inc. has acquired a portfolio of gold and tungsten exploration and development properties in the western United States and Canada which provides an unparalleled asset base for this new and aggressive company.

Goldrea Resources Corp. (TSX.V: GOR) is a mineral exploration and development company focused on exploration in areas within British Columbia that have the potential for primary discoveries of gold, silver, platinum and palladium.

Golden River Resources Corporation (OTCBB:GORV) Golden River Resources Corporation is specializing in gold exploration. The Company has acquired a large strategic land positions in the highly prospective Slave Craton in Northern Canada and in the Committee Bay Greenstone Belt west of Melville Peninsula, in Nunavut Territory, Canada.

Golden Star Resources Ltd (AMEX: GSS) owns a controlling interest in four gold properties in Southern Ghana: the Bogoso property, the Prestea property, the Wassa property and the Prestea Underground property. Bogoso and Prestea are adjoining properties, operating as a single operation and referred to as Bogoso/Prestea. Bogoso/Prestea and the Prestea Underground are owned by the Company's 90%-owned subsidiary Bogoso Gold Limited (BGL). Golden Star holds a 90% equity interest in Wexford Goldfields Limited, which owns the Wassa gold property, located approximately 35 kilometers east of Bogoso/Prestea. The Prestea Underground is located on the Prestea property and consists of an inactive underground gold mine and associated support facilities. Golden Star also holds interests in gold exploration properties in Ghana, Sierra Leone, Mali, Suriname and French Guiana.

Golden State Resources Limited (GDN.AX) Golden State Resources Limited (GDN) is a minerals and gas exploration company primarily focused on gold projects in located in the Eastern Goldfields of Western Australia and a gas project located in the USA.

Golden Valley Mines (TSX.V: GZZ) is one of the principal claim holders in the immediate area of Virginia Gold Mines Inc. Eleonore property that hosts the Roberto Zone gold discoveries. Golden Valley Mines now holds interests in 1,017 claims in the new emerging gold discovery area, including 14 wholly owned (100%) properties, and two option/joint ventures with Sirios Resources Inc. covering 53,524 hectares (535 km2) in the region.

Goldeye Explorations Limited (TSX.V: GGY) is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile. An exploration programme is currently underway on the Chilean property.

Goldex Resources Corp. (TSX:GDX.V) A junior gold mining company exploring for gold in the Americas.

Goldmarca Limited (TSX.V: GML) is an international mining company engaged in adding value to gold and base metal projects with a primary focus on assets in South America and Australia. By applying unique technology and expertise, the company is focused on delivering a low-cost option to develop resource projects that can provide a one-year payback of all capital costs. Goldmarca, through its associate company Atomaer, has the rights to tailings in Western Australia containing the potential for over 350,000 tonnes of nickel. The company also has joint ventures in place in significant mineral districts in Peru, Ecuador and Brazil.

Goldrush Resources Inc (TSX:GOD.V) A mineral exploration company focused on gold exploration in Burkina Faso, West Africa with an established organization of people and projects to enable aggressive growth.

Goldsource Mines Inc. (TSX:GXS.V) Coal exploration in Saskatchewan and Manitoba

Goldspring Inc. (OTCBB: GSPG) is a North American natural resource company whose objective is to achieve growth and profitability through enhancements at their Plum Mine property in northern Nevada and through the acquisition of additional mining projects that can be efficiently put into near-term operation and production. The Company owns mineral properties and conducts test mining in Storey County, Nevada, located about 30 miles southeast of Reno, Nevada.

Goldstream Mining NL (GDM.AX) is a minerals exploration company with projects located in Tanzania, India, South Australia and Western Australia. Exploration activity is mainly focused on the discovery of nickel/copper/platinum mineralisation in Tanzania.

Gossan Resources Limited (TSX.V: GSS) is engaged in the exploration and development of a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty metals - tantalum, cesium, titanium, vanadium and chromium. Gossan also has a large deposit of magnesium-rich dolomite and a silica sand prospect. All of the properties are located in Manitoba and northwestern Ontario. Gossan also holds a 30% equity interest in The Claims Network, a web based provider of loss assessment information to the Property & Casualty Insurance industry.

Grandcru Resources Corporation (TSX.V: GR) is focused on precious metals exploration opportunities in North America. The Company's projects are strategically located in the Red Lake region of Ontario, the North Carlin region of Nevada and the Guadalupe De Los Reyes district in Mexico

Grande Portage Resources Inc. (TSX.V: GPG-H) is a mineral exploration and development company focused on exploration in areas within Canada, and in particular British Columbia, which have the potential for primary discoveries of gold and base metal projects. Grande Portage is operated by experienced managers and professionals who have been effective in discovery, mine development, and mining operations throughout North America, Africa, Europe, and Central Asia.

Grayd Resource Corporation (TSX.V: GYY) is a Canadian public company committed to creating shareholder wealth through the acquisition and exploration of mineral properties. Grayd's current focus is in North America, with gold properties in Mexico, a copper-gold property in British Columbia, and gold and precious metal enriched VMS properties in Alaska. To build on these assets, the Company continues evaluating new exploration opportunities.

Gravity West Mining Corp. (TSX.V: GRW) is focused on creating shareholder value through taking early stage positions, primarily in uranium properties, but also in selected other high value minerals. Currently, Gravity West holds land positions in Canada's Ontario Sibley Basin (uranium prospect) and Northern British Columbia. (copper/gold porphyry prospect).

Great Basin Gold Ltd (AMEX: GBN) is focused on acquiring ownership of, and exploring and developing, gold mineral deposits. Great Basin's Ivanhoe Project hosts a number of gold-silver vein systems with high-indicated grades that are potentially amenable to underground mining. Great Basin also has an option to purchase the Burnstone Project in South Africa. The Burnstone Project hosts gold veins within the Kimberley Reef with moderate to high-indicated grades that are potentially amenable to underground mining. These projects are in the advanced exploration stage and being assessed for their economic viability.

Great Panther Resources Limited (TSX.V: GPR.V; OTC.PK: GPRLF) has combined highly experienced management, ready access to capital and high-quality silver and gold projects in Mexico. With its 100-percent acquisition of the high-grade Topia Silver Mine in Durango State, Great Panther is well-positioned to become a near-term silver producer.

Great Quest Metals Ltd. (TSX.V:GQ) is a gold company which has concentrated its exploration in Mali, West Africa where it holds concessions covering 350 sq km within a 25 by 200 km belt which includes five gold deposits. Three of these gold deposits are in production and the fourth is scheduled for production in December, 2005.

Great Western Minerals Group Ltd. (TSX.V: GWG) continues to advance its goal of becoming the only fully-integrated Rare Earth producer in the world in its efforts to develop the 100 percent- owned Hoidas Lake rare earth deposit in northern Saskatchewan. The Company's wholly-owned subsidiary, Great Western Technologies Inc., owns and operates manufacturing facilities in Troy, Michigan, currently producing advanced materials for the alternative energy market.

Grenville Gold Corp. (TSX:GVG.V) Grenville's Silveria Silver-Zinc-Lead Copper Project covers a total of 6,188 Hectares and is located approximately 80 kilometers east of Lima, Peru near the town of San Mateo and 30 kilometers south-west of Peru Copper's Toromocho property and Pan American Silver's Morococha Mine. The Silveria claims encompass the high grade, past producing Pacococha, Millotingo, Silveria and Germania mines.

Greystar Resources Ltd. (TSX: GSL) is a Canadian mining company dedicated to the exploration, development and, in time, the exploitation of precious metal reservoirs. At the present time, its main project is the Angostura gold and silver deposit in the northeastern region of Colombia.

Grizzly Diamonds Limited (TSX:GZD.V) Grizzly Diamonds is an aggressive Canadian exploration company focused on exploring for diamonds and industrial minerals in Alberta and precious metals in North America.

Grupo Simec SA de CV (AMEX: SIM) is a mini-mill steel producer in Mexico and manufactures a broad range of non-flat structural steel products.

Gryphon Gold Corporation (TSX:GGN.TO) Gryphon Gold is a U.S. based mine development company whose principal asset is the 27.5 square mile Borealis property located in the Walker Lane gold belt of Western Nevada.

Guyana Goldfields Inc (TSX: GUY) is a Canadian based mineral exploration Company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil.

Halo Resources Ltd. (OTCBB: HLOSF) is a Canadian based mineral company engaged in the acquisition of near production precious and base metal deposits. Halo is operated by an experienced management team and backed by a strong network of resource exploration and mining financiers. To further diversify the Company's portfolio of advanced projects and further increase shareholder value the company is carrying out an on-going program of property identification, examination.

Happy Creek Minerals Ltd. (TSX:HPY.V) A junior mining exploration company engaged in the acquisition and exploration of mineral properties containing various metals such as copper, molybdenum (moly), tungsten, gold and silver, all within British Columbia, Canada.

Hard Creek Nickel Corp. (TSX.V.HNC) is a mineral exploration company with interests in Canada. The company holds a 100-percent interest, subject to a four-percent net smelter return, in the North Group mineral claims (Turnagain Nickel Property) located at Turnagain River, Laird Mining District in Northern British Columbia.

Harmony Gold Mining Co. Ltd. (NYSE: HMY) is the largest gold producer in South Africa and the sixth largest in the world. Harmony is the only South African gold mining company with its own dedicated refinery and gold fabrication plants. Harmony Pure Gold is gold of South African origin, produced and manufactured to the highest quality standards, and guaranteed by modern production and laboratory facilities. Sourced from mines from up to 2 500 meters deep, and extracted from rock formed more than 3 billion years ago, Harmony Pure Gold is the finest gold from the African continent.

Harte Gold Corp. (TSX: HRT) is a Canadian gold exploration company focused on the advanced development of its mining properties on its Hemlo area Sugar Zone Property and its Timmins-Porcupine area Stoughton Porcupine Property.

Harvest Gold Corp (TSX:HVG.V) Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada.

Hathor Exploration Ltd. (TSX.V: HAT) is a junior resource exploration company based in Vancouver, British Columbia, Canada. The company is engaged in acquisition and exploration of mineral properties of merit. The company's prime focus currently rests in several substantial land holdings with Uranium potential in prospective uranium bearing areas of Western Canada. In the Athabasca Basin the company holds several large claim blocks near some of the world's most productive uranium deposits. The company has also obtained rights to several million acres with uranium potential in the Hornby Bay Basin of the NWT. In addition the company has maintained its interests in the Eskay Creek precious metal mining camp northwest of Stewart, British Columbia.

Hawthorne Gold Corp. (TSX:HGC.V) Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada.

Hecla Mining Co (NYSE: HL) is a precious metals company engaged in the exploration, development, mining and processing of silver, gold, lead and zinc. The Company is organized and managed primarily on the basis of its products being produced from its operating units, which, during 2003, included three primary silver operations, the San Sebastian unit in Mexico, the Greens Creek unit in Alaska and the Lucky Friday unit in Idaho, and one gold operation, the La Camorra unit in Venezuela. Hecla produces both metal concentrates, which it sells to custom smelters on contract, and unrefined gold and silver bullion bars, which are further refined before sale to metals traders.

Helio Resource Corp. (TSX:HRC.V) Helio's main focus is the development of the SMP Gold Project in Tanzania. As part of its strategic approach to project development, Helio has optioned 9 of its Namibian licences to Desert Minerals (UK) Ltd. and continues to pursue joint venture partners for its other projects in Namibia.

Hi Ho Silver Resources Inc. (OTCPK:HHSRF; CNSX:HHS) is a mineral exploration company engaged in the acquisition and development of mineral properties containing molybdenum/copper/gold assets.

High Desert Gold Corporation (TSX:HDG) High Desert Gold Corporation is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver in Mexico and the United States. HDG has a number of wholly owned exploration properties in well-mineralized but relatively unexplored areas of Mexico and the United States including strategic land holdings near two world class deposits; i.e. La Herradura (gold-silver) and Tyrone (copper - gold). The Company's focus is the Canasta Dorada Gold Project (near Caborca, Mexico) in northern Sonora, Mexico and Gold Lake Copper - Gold Project (near Silver City, New Mexico) where exploration has identified several promising prospects.

High Plains Uranium, Inc. (TSX: HPU)is engaged in the acquisition and exploration of previously explored uranium properties, focusing on the States of Wyoming and Texas. Its goal is to become a uranium producer at the earliest possible opportunity utilizing in-situ leach mining technology. Since its establishment, High Plains has been assembling a seasoned management team to identify, acquire and cultivate strategic acquisitions.

High River Gold Mines Ltd. (TSX: HRG) headquartered in Toronto, Canada, is an emerging mid-tier gold producer with quality exploration and development properties in Russia and West Africa. Through its Russian subsidiary, it operates the Zun-Holba and Irokinda underground mines located in southern Siberia. With the successful development of its two gold projects, Taparko-Bouroum in Burkina Faso and Berezitovy in Russia, High River Gold's annual production is expected to exceed 300,000 ounces by 2007.

Highveld Steel ADR (NASDAQ: HSVLY) Steel and vanadium.

Hindmarsh Resources Limited (HMR.AX) is principally engaged in the uranium exploration in South Australia. It holds several own uranium exploration licences. In addition, exploration JV with the Southern Gold Limited has been formed covering Southern Gold's tenements.

Hinterland Metals Inc. (TSX:HMI.V) Focused on precious metals exploration in Yukon, Ontario and Quebec.

Homeland Precious Metals Corp (OTCBB:HPMEFB) Homeland Precious Metals Corp. is a resource exploration company with the objective of finding and developing high grade, economical precious metal assets.

HudBay Minerals Inc. (TSX:HBM.TO) HudBay Minerals is a leading base metals mining company with assets in North and Central America. The company is focused on growing its business through operational optimization, strategic investing, mine development and exploration. An integrated mining company, HudBay Minerals operates zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan, and owns the Fenix nickel project in Guatemala. In addition to its primary products, the company also produces gold, silver and zinc oxide.

Hudson Resources Inc., (TSX.V: HUD) is one of a few publicly traded companies strongly positioned to offer investors the opportunity at pure-play appreciation from diamond exploration in Canada and adjacent regions such as Greenland.

Hughes Exploration The Hughes Exploration Group consists of publicly held Companies under the leadership of respected mine-finder and developer Richard Hughes. The Companies are listed for trading on the TSX Venture Exchange in Canada. GOLDEN CHALICE RESOURCES (TSX:GCR.V); KLONDIKE SILVER CORP (TSX:KS.V); AMADOR GOLD CORP (TSX:AGX.V); SEDEX MINING CORP(TSX:SDN.V); KLONDIKE GOLD CORP (TSX:KG.V); KALAHARI RESOURCES INC (TSX:KLA.V); ABITIBI MINING CORP (TSX:ABB.V); ZINCCORP RESOURCES (TSX:ZN.V); CHALICE DIAMOND CORP (TSX:COD.V)

Hunter Dickinson Inc Since 1985, Hunter Dickinson has successfully developed mineral properties for the mutual benefit of shareholders, business partners, employees and local communities. Amarc Resources Ltd. (T SX:AHR.V ; OTCBB: AXREF); Anooraq Resourcs Corporation ( TSX:ARQ.V; AMEX:ANO); Continental Minerals Corporation ( TSX: KMK.V; OTCBB: KMKCF); Detour Gold Corporation ( TSX: DGC.TO); Farallon Resources Ltd.( TSX:FAN.TO; OTCPK:FRLLF); Northern Dynasty Minerals Ltd. ( TSX:NDM.TO; AMEX: NAK); Rockwell Diamonds Inc. ( TSX: RDI.TO; OTCBB:RDIAF); Taseko Mines Limited ( TSX:TKO.TO; AMEX:TGB)

HuntMountain Resources (OTCBB:HNTM) HuntMountain Resources Ltd is a U.S.-based junior exploration company engaged in acquiring, exploring and developing precious and base metals properties throughout North and South America. The Company currently controls and operates projects in Santa Cruz Argentina, Chihuahua Mexico, Nevada USA, and Quebec Canada.

I-minerals Inc. (TSX:IMA.V) i-minerals inc.'s primary focus is the development of the deposits of the Helmer - Bovill project in north-central Idaho.

Iamgold Corp (NYSE: IAG) is engaged primarily in the exploration for, the development and production of, and the creation and acquisition of royalty interests on, mineral resource properties throughout the world. Through its holdings, the Company has interests in various operations that produce gold and diamonds. The Company's principal operations and royalty interests are operated by independent third parties. These principal holdings are an indirect 38% interest in La Societe d'Exploitation des Mines d'Or de Sadiola S.A. (SEMOS), the owner of the mining rights for the mining permit area in Mali on which the Sadiola gold mine is located, and an indirect 50% interest in Sadiola Exploration Limited (SADEX) which holds an 80% interest in Yatela Exploitation Company Limited, the owner of the mining rights for the mining permit area in Mali, immediately to the north of the Sadiola Mining Permit, on which the Yatela Gold Mine is located.

ICS Copper Systems Ltd. (TSX:ICX.V) ICS Copper Systems Ltd is listed on the TSX Venture Exchange and aspires to develop into being a major African mining company centered on the Central African Copperbelt.

IGC Resources Inc. (TSX.V: IGC) is focused on the exploration, development and mining of gold, copper and uranium projects within Western Australia, however IGC continues to investigate other mineral resource prospects for potential acquisition globally.

IMA Exploration Inc. (TSX.V: IMR) is a publicly traded silver exploration company that is focused on the exploration and development of the Navidad Silver Project in northern Patagonia, Argentina.

IMPACT Silver Corp. (TSX.V: IPT) is a junior silver company dedicated to aggressively growing into a profitable producer. The Company's initial focus is the Royal Mines of Zacualpan in Mexico where IMPACT has an option to purchase two operating mines, a processing plant and claims covering most key parts of the historic Zacualpan Silver District.

Imperial Metals Corporation (TSX:III.TO) Imperial Metals Corporation is a Canadian mine development and operating company headquartered in Vancouver, British Columbia. The Company's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris property in northern British Columbia, and the exploration stage Sterling gold property in southwest Nevada

Inca Pacific Resources Inc. (TSX:IPR.V) A resource exploration company with a focus on copper and molybdenum projects in Peru.

Indicator Minerals Inc. (TSX.V: IME) is a Canadian exploration company focused on the discovery of economic diamond deposits. Founded in 2004, the company has assembled a highly qualified technical team, experienced in worldwide diamond exploration. Indicator is exploring more than 4.3 million acres of targeted ground in the Canadian arctic and has three key projects in Nunavut: Darby, Barrow and Grail.

Inmet Mining Corporation (OTC.PK: IEMMF) is a Canadian-based global mining company that produces copper, zinc and gold. Its growth strategy is focused on finding quality base metal reserves. It has interests in four mining operations in locations around the world: Çayeli in Turkey, Pyhäsalmi in Finland, Troilus in Canada and Ok Tedi in Papua New Guinea.

Imter-Citic Mineral Inc. (TSX.V: ICI) is a gold exploration and development company with properties in the People's Republic of China. The Company has strategic partnerships with several large financially strong and established groups in China to facilitate investment in China for both Western and Chinese partners.

Insteel Industries Inc. (NasdaqNM:IIIN) Insteel Industries is one of the nation's largest manufacturers of steel wire reinforcing products for concrete construction applications.

Intermet Resources Limited (ITT.AX) is an exploration company, focused on copper, gold, uranium, nickel and other base metals. ITT's projects are located in the Gawler Craton, South Australia.

International Arimex Resources Inc. (TSX.V: IEA) is a natural resource company dedicated to the acquisition, exploration and development of mineral resource properties. Arimex's corporate philosophy centers upon early staged properties, whereby, value is added through preliminary exploration and geological evaluation.

International Barytex Resources Ltd. (TSX:IBX.V) International Barytex Resources Ltd. (Barytex) is a Canadian mineral exploration company managed by capable professionals with successful track records and many years of experience in the mineral exploration and development industry. The management of Barytex is focused on the identification and exploration of economically attractive metallic mineral deposits

International Bethlehem Mining Corporation (TSX:IBC.V) International Bethlehem Mining Corporation is a mineral resource company focused upon exploration in the highly mineralized terrane near the City of Revelstoke in southeastern British Columbia, Canada

International Enexco Limited (TSX:IEC.V) International Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to its strategic alliance (International Enexco 30%, Cameco Corporation 35%, and UEM Inc. 35%) to develop the high-grade Mann Lake Uranium Project located in the Athabasca Basin, Saskatchewan the Company also operates its 100% owned Contact Copper Resource Property, located in N/E Nevada.

International KRL Resources Corp. (TSX.V: IRK) is a mineral exploration company engaged in the acquisition, exploration and advancement of Canadian mineral properties. The Company is currently exploring for uranium, copper, and gold in the Yukon Territory, Saskatchewan, Ontario and British Columbia.

International Millennium Mining Corp. (TSX:IMI.V) International Millennium Mining Corp. is a mineral exploration and development company engaged in the acquisition and exploration of polymetallic mineral properties in Canada and the Americas.

International Minerals Corporation (TSX:IMZ.TO) International Minerals Corporation is an emerging precious metal producer with the commencement of mining at its 40%-owned Pallancata high-grade silver mine in Peru in 2007, along with advancement of its Rio Blanco gold-silver development project (100% IMZ) and Gaby gold feasibility project (~75% IMZ) in Ecuador. IMZ is well positioned with production and resource growth to become a low-cost, mid-tier gold-silver producer in a few years.

International Montoro Resources Inc. (TSX.V: IMT) is an emerging restructured resource company engaged in the acquisition, exploration and development of mineral properties in Saskatchewan, Ontario, New Brunswick and Labrador.

International Nickel Ventures Corp. (TSX:INV.TO) INV is an international mineral resource Corporation focused on the acquisition, exploration and development of base and precious metal projects in Brazil and Canada.

International Northair Mines Ltd. (TSX.V: INM) has been aggressively pursuing mineral exploration opportunities in Mexico through a generative mineral exploration program for the better part of the last decade.

International PBX Ventures Ltd. (TSX.V: IVU) is dedicated to acquiring mining properties in Chile which are easily accessible and near power and water. All properties are situated so that once resources have been identified production is possible within a short two or three year time span.

International Royalty Corp (TSX: IRC) was formed for the purpose of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. IRC holds interests in or has contracts for the purchase of over 60 royalties. IRC's portfolio includes royalties on properties ranging from the exploration through production stages across the globe.

International Samuel Exploration Corp. (TSX:SAZ.V) International Samuel Exploration Corp. is a Canadian exploration company actively exploring for base and precious metals in the Reed Lake District of Manitoba and for diamonds in the Canadian Arctic.

International Uranium Corp. (TSX: IUC) is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and uranium and vanadium deposits in the U.S. and a fully permitted 2,000 ton per day uranium/vanadium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. The Company also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal.

International Wayside Gold Mines Ltd. (TSX.V: IWA) is a resource exploration company with properties in central British Columbia, Canada. One property is the Cariboo Gold Project, located near the Historic town of Barkerville, the terminus of the Cariboo Gold Rush of the 1860's.

Intrepid Mines Limited (TSX:IAU.TO) Intrepid Mines is an international precious metals production, development and exploration company with operations in Australia, Argentina and Indonesia.

Intl Arimex Resources Inc (TSX.V: IEA) is a natural resource company dedicated to the acquisition, exploration and development of mineral resource properties. Arimex's corporate philosophy centers upon early staged properties, whereby, value is added through preliminary exploration and geological evaluation.

IPSCO Inc. (TSX: IPS) operates steel mills at three locations and pipe mills at six locations in Canada and the United States. As a low cost North American steel producer, IPSCO has a combined annual steel making capacity of 3,500,000 tons and provides further processing at its five cut-to-length lines located in both the U.S. and Canada. The Company's tubular facilities produce a wide range of tubular products including line pipe, oil and gas well casing and tubing, standard pipe and hollow structurals.

Ivanhoe Mines Ltd. (NYSE:IVN) Ivanhoe Mines is engaged primarily in exploration activities, although a significant portion of its expenditures relate directly to development work at its Oyu Tolgoi Project.

Ivernia Inc. (TSX:IVW.TO) Ivernia is an international base metals operating, development and exploration company. The Company is the sole owner and operator of the Magellan lead mine in Western Australia. When operations resume and target production levels are achieved, the mine is expected to be a significant pure lead producer accounting for approximately 2% of the total world lead mine production.

J-Pacific Gold Inc. (TSX:JPN.V) J-Pacific Gold is a junior resource company focused on gold exploration and mining in North America. Since our inception in 1990, J-Pacific has been engaged in a variety of exploration activities as well as small scale gold production. Currently, J-Pacific is focused on exploration opportunities and aggressively adding to our portfolio of projects. Our plan is to develop J-Pacific into a world class exploration company. Our production properties are permitted and our exploration properties are drill-ready

Jade Art Group Inc. (JADA.OB) through its wholly owned subsidiary, Jiangxi SheTai Jade Industrial Co., Ltd., sells and distributes raw jade throughout China, ranging in uses from decorative construction material to high-end jewelry sourced from the SheTai Jade mine. This mine's operating capacity is estimated to reach 40,000 tons and has been operating for a number of years. It has one of the largest jade reserves in China and is owned by XiKai Mining, with which Jade Art Group signed an agreement to acquire exclusive distribution rights to sell 90% of the SheTai Jade produced from the mine for the next 50 years. According to a survey report issued by the Inner Mongolia Geological Institution, the mine has proven and probable reserves of approximately 6 million tons, or approximately $16 billion worth of jade at current market rates of $2,750 per ton. Several national jade experts have noted the high quality of SheTai Jade as compared to the other existing varieties of Chinese jade.

Jaguar Mining Inc. (TSX: JAG) is focused on gold production and exploration in Brazil. Gold production will expand significantly in the next three years. Jaguar has an active exploration program for its highly prospective 62,000 acre property portfolio in the Iron Quadrangle, a prolific gold-bearing greenstone belt in a well serviced area with a multi-million ounce history of production that is close to the major cities of Brazil. Jaguar's active expansion and exploration plans are managed by one of the most experienced operating teams in Brazil.

James River Coal Company (NASDAQ: JRCC) mines, processes and sells bituminous, low sulfur, steam and industrial-grade coal primarily to electric utility and industrial companies.

Jet Gold Corp. (TSX:JAU.V) With the 2006 acquisition of the Naskeena Coal Claims in Northern British Columbia, Jet Gold offers shareholders greater opportunity for growth in value. A high-carbon coal property, located in Northern British Columbia, endowed with infrastructure and proximity to a deep-water seaport, the Naskeena is positioned to meet demand throughout North American and Pacific Rim markets. Jet Gold Corp. stands to emerge as a Canadian resource company of exceptional stature, based on prudent, insightful exploitation of all its energy and precious metals holdings.

Jinshan Gold Mines (TSX.V: JIN) is a public company in Toronto, Canada. The business of the company is to explore for, develop, and mine gold and copper in the People's Republic of China.

JNR Resources Inc. (TSX.V: JNN) is a junior resource company currently engaged in the exploration and development of mineral properties in the provinces of Saskatchewan and Newfoundland. The company has a varied interest in several prospective uranium properties in the Athabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration efforts.

Kaiser Aluminum Corp. (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Kalahari Minerals (LSE: KAH) is an AIM-quoted exploration company with an advanced portfolio of copper and uranium prospects in Namibia. These projects are at various levels of development from reserve definition projects to green field exploration.

Kalgoorlie-Boulder Resources Limited (KAL.AX) is a Western Australian based minerals and oil and gas explorer with project in Western Australia and Oklahoma, USA.

Kaminak Gold Corporation (TSX.V: KAM) is a project generator employing a joint venture strategy that maximizes opportunities for discovery while minimizing exploration and shareholder risk. Kaminak holds one of the largest land positions, covering several million acres, in Canada devoted to metallic mineral exploration. Kaminak's projects offer world-class exploration potential and present exposure to strategic commodities including, gold, uranium and nickel.

Keegan Resources, Inc. (TSX: KGN) is focused on the United States and Canada. Keegan's seasoned exploration and management team have leveraged their collective experience and networks of contacts to efficiently assess, acquire and explore high quality, mid stage, precious and base metal projects. With active exploration programs in Nevada and Ghana combined with an enviable capital structure the company is well positioned to deliver an active, exciting year for its investors.

Kenrich Eskay Mining Corp. (TSX:KRE.V) E ngaged in the exploration and development of strategic, mineral rich properties in British Columbia, Canada.

Kent Exploration Inc. (TSX.V: KEX) is a mineral exploration company focused on the acquisition of, and financing of exploration on, prospective mineral properties.

Kermode Resources Inc (TSX:KLM.V) Dedicated to the discovery of gold in the prolific region of Newfoundland, Canada

Kettle River Resources Ltd. (TSX:KRR.V) Publicly trading company exploring for Gold, Silver, Copper, other Precious Metals and Diamonds. Kettle River owns 42.5% of DHK Diamonds Inc. a private company exploring for diamonds in Canada's Northwest Territories.

Khan Resources (TSX:KRI) is a Canadian acquisition, exploration and uranium development company. Its current activities are focused on the Dornod area in north eastern Mongolia, the site of a former Russian open-pit uranium mine. Khan holds interests in the Main Dornod Property, licensed for mining, and in the Additional Dornod Property, licensed for exploration.

Kilgore Minerals Ltd. (TSX.V: KAU) is engaged in the acquisition, exploration and development of natural resource properties. The company holds interests in twelve uranium properties and three gold properties, all of which are located in the United States.

Kimber Resources Inc. (TSX: KBR), a development and exploration company controls 28,000 hectares in Chihuahua State, Mexico in the heart of the Sierra Madre Gold belt. The Monterde gold-silver property, is located 260 kilometres southwest of the city of Chihuahua and is accessible by paved highway and logging road. Kimber has been active on the property for only four years after first acquiring an option to purchase 100% ownership of the original concessions, free of any royalty.

Kinbauri Gold Corp. (TSX.V:KNB ) a mineral exploration company focused on the development of mineral properties, primarily precious metal prospects in northwestern Spain, Nevada and Canada. Its immediate focus is to expand and upgrade resources to reserves at the El Valle property in Asturias, Spain with a view to recommencing operations at the mine and mill complex there.

Kinetex Resources Corporation (TSX:KTX.V) Kinetex is an oil, gas and mineral exploration services company with offices in Vancouver, BC, Calgary, Alberta and Bogota, Colombia. Through its subsidiaries, Kinetex provides data-rich high resolution subsurface images - essentially a brand-new exploration tool - to the energy, metals and minerals exploration and development industries seeking to go beyond the limitations of traditional data acquisition.

Kinross Gold Corp (NYSE: KGC) is principally engaged in the exploration for, and the acquisition, development and operation of, gold-bearing properties in the Americas, Russia, Greece, Australia and Africa. The Company's principal product and source of cash flow is gold. In 2002, the Company's share of production was derived from the mines in Canada (21%), the United States (47%), Russia (25%), South America (1%) and Africa (5%).

Kirkland Lake Gold Inc. (TSX:KGI) is a Canadian gold mining company that owns & operates the five major gold properties in Kirkland Lake, Ontario - the Macassa, Kirkland Minerals, Teck-Hughes, Lake Shore and Wright Hargreaves mines. These mines historically produced 22 million ounces of gold.

Klondex Mines Ltd. (TSX:KDX.TO) Klondex Mines is a gold exploration company focused on the development and expansion of its high-grade Fire Creek deposit in Nevada, covering 10,708 acres of fee and lease land 100% owned by Klondex.

Klondike Gold Corp. (TSX.V: KG) is a Vancouver-based mineral exploration company that seeks out highly prospective properties in the vicinity of former discoveries. The company holds all the hard rock claims lying between the two placer gold creeks: the Bonanza and Eldorado.

Klondike Silver Corp. (TSX:KS.V) Klondike Silver Corp. has assembled a quality portfolio of silver and silver-rich poly-metallic properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets.

Klondike Star Mineral Corporation (OTCBB:KDSM) Klondike Star is a junior mineral exploration and development enterprise with a solid portfolio of mineral properties.

Knight Resources Ltd. (TSX.V: KNP) is a Vancouver-based mining exploration company that is active in the Raglan area of Quebec's Ungava Peninsula. The region has been noted for rich concentrations of nickel deposits.

Kodiak Exploration Limited (TSX.V: KXL) is a mineral exploration company with properties located in Canada.

Kola Mining Corp. (TSX:KM.V) Kola Mining Corporation is a Vancouver, Canada based mineral exploration Company, with its head office in Vancouver, Canada, and exploration offices in Apatity, Russia, Bishkek, Kyrgyzstan and Almaty, Kazakhstan. The Company is engaged in the identification, acquisition, exploration and development of precious and base mineral properties in Russia, Eastern Europe and Central Asia.

Korab Resources Limited (KOR.AX) is involved in the exploration for gold, copper, zinc and uranium. Company operates in Western Australia and the Northern Territory

Kryso Resources plc. (AIM:KYS.L) The Company is principally focused on exploring for gold and other precious and base metal deposits previously discovered in Central Asia.

L&L International Holdings, Inc., (LLFH.OB) Founded in 1995, L&L primary operations are focused on the coal (energy) sector in China. The Company also operates an energy compressor business. L&L has been a U.S. reporting company since 2001. L&L's former name was L&L Financial Holdings, Inc., which was changed to reflect the nature of its international business.

La Mancha Resources Inc. (TSX.V: LMA) is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina.

Lake Shore Gold (TSX: LSG) is a mineral exploration company engaged in the acquisition and exploration of mineral properties with prospects for hosting gold deposits. The Company is currently active in eastern Canada and holds a number of mineral resource properties in Ontario, including the Timmins West and Vogel/Schumacher projects, either directly or through option agreements.

Lakota Resources Inc. (TSX:LAK.V) Lakota Resources Inc. is a junior mineral exploration company.

Lalo Ventures Ltd. (TSX.V: LAL) intends to build shareholder value by acquiring, exploring, and developing high-quality gold and Iron Oxide Copper-Gold prospects in Baja California, Mexico and in Nicaragua. The Company has assembled an impressive portfolio of properties covering over 220,000 hectares of strategically located, highly prospective and under-explored ground in Baja. Targets include four hydrothermal gold and seven IOCG prospects; the latter are on trend with the Anglo-Cardero joint venture ground. Lalo's 30,000 hectare Xilma IOCG concession borders to the south on Anglo/Cardero's Main Alisitos property. In Nicaragua, Lalo has 4 hydrothermal gold projects covering 647,000 hectares.

Landmark Minerals Inc. (TSX.V: LML) is a junior exploration company focused on uranium with properties in Quebec, Newfoundland, Yukon and Northwest Territories, Canada. Landmark continues to cooperate with Sahara Resources Inc. to lawfully restore six prospecting permits in Algeria, and is seeking additional uranium exploration opportunities.

Lara Exploration Ltd. (TSX:LRA.V) Lara is a well-funded prospect generator, with a multi-commodity exploration portfolio in Brazil, Colombia and Peru.

Laramide Resources Ltd. (TSX: LAM) is a Toronto-based resource company specializing in the acquisition and development of mining projects globally. Laramide has acquired an impressive list of known Uranium assets with drilled out resources. Currently Laramide has approximately 60 million pounds of U3O8. It also has some very exciting exploration projects, located both within the USA and Australia with potential to double these known resources.

Largo Resources Ltd. (TSX:LGO.V) Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador.

Lateegra Resources Corp. (TSX: LEG) is a mineral exploration and development company with a specific interest in gold and silver. Lateegra's focus is to continue to create value for shareholders through acquiring and developing through to commercial production high quality gold and silver projects.

Latin American Minerals Inc. (TSX:LAT.V) Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects in under-explored but highly-prospective countries of Latin America.

Legend Holdings (OTCBB:LGDI) Legend International Holdings, Incis a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia.

Liberty Mines Inc. (TSX. V: LBE) is a mineral exploration and development company with a focus on the development and mining of nickel, cobalt, copper and platinum group metals from its properties in Ontario.

Lihir Gold Ltd. (NasdaqNM:LIHR) Lihir Gold Limited (LGL) is a leading global gold major with operations in Papua New Guinea, West Africa and Australia.

Lincoln Gold Corp. (OTCBB:LGCPF) Lincoln Gold Corp. is a gold exploration company with several projects in various stages of exploration including three properties in Nevada and the La Bufa property in Mexico

Linear Gold Corp (TSX: LRR) is focused on acquiring and exploring properties that demonstrate real potential as hosts of world-class gold deposits. With a substantial portfolio of early-to-advanced-stage gold-bearing properties in Mexico and the Dominican Republic, Linear is guided by an experienced team of managers and operators with proven business acumen and technical expertise. Linear is committed to maximizing shareholder value through a focused strategy, solidly-funded ventures, responsible mineral exploration and business practices and diversified risk through selective partnerships.

Linear Metals Corporation (TSX:LRM.TO) An aggressive junior explorer focused on molybdenum, copper, silver and zinc projects in Canada and Mexico.

Linux Gold Corp (OTCBB: LNXGF) has an interest in five major properties with locations in Alaska, China and Canada. In April, 2005, the company aggressively staked a new 37-square-mile area called Granite Mountain on Alaska's Seward Peninsula.

Lions Gate Metals Inc. (TSX:LGM.V) Lions Gate Metals Inc. is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects throughout British Columbia.

Liquidmetal Technologies Inc. (OTCBB: LQMT) a materials technology company, engages in the development, manufacture, and marketing of products made from amorphous alloys in the United States and South Korea. The company operates in two segments, Liquidmetal Alloy Industrial Coatings and Bulk Liquidmetal Alloys.

Logan Resources Ltd. (TSX.V: LGR) is a mineral exploration company that specializes in acquiring, exploring and advancing early-stage Canadian mineral properties. It has seven Canadian mineral projects in its portfolio with discovery potential.

Longview Capital Partners (TSX:LV.TO) Longview is an Investment Issuer, focused on capitalizing on early stage opportunities in the resource sector

Los Andes Copper Ltd. (TSX:LA.V) Los Andes Copper Ltd. is a Canadian exploration and development company focused on the acquisition, exploration and development of advanced stage copper deposits in Latin America. The company's current focus is the Vizcachitas porphyry copper-molybdenum project, located 130km north of Santiago, in an area of good infrastructure.

Louvem Mines Inc. (TSX:LOV.V) The Company has a 50% interest in the Beaufor Mine and owns other exploration properties located near Val-d'Or, in North-western Quebec, Canada.

Luiri Gold (TSX.V: LGL) is an African-focused resource company with a stated strategy of creating shareholder value through the discovery and exploitation of gold and copper-gold ore deposits in Zambia. Luiri Gold's wholly-owned Zambian subsidiary, Luiri Gold Mines Limited holds mineral tenements within southern-central Zambia covering approximately 2,400 km2 of highly prospective exploration ground focused on the historic Dunrobin and Matala gold mines. The Luiri Hill Project is situated approximately 120km west-northwest of the Zambian capital of Lusaka in Zambia's Central Province.

Luna Gold Corp. (TSX.V: LGC-U) is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties with a focus on precious metals in China. Luna Gold has a well-qualified team which has extensive experience in China and has experience with start-ups, acquisitions, reorganizations, exploration, development, financing, construction, and mine operations.

Lundin Mining(TSX: LUN; SSE: LUMI, AMEX: LMC) is a rapidly growing mining and exploration company engaged in the extraction, development, acquisition and discovery of base metal deposits internationally. The company owns four mines, Neves-Corvo in Portugal, Zinkgruvan and Storliden in Sweden, and Galmoy in Ireland. The company's Aljustrel mine in Portugal will begin production in 2007. The exploration portfolio is extensive and it also includes interests in international ventures and development projects.

Luzon Minerals Ltd. (TSX.V: LZN) is a growth-oriented, gold exploration and mining company. The Company is focused on building shareholder value through the discovery and development of gold deposits in Central and South America.

MacDonald Mines Exploration Ltd. (TSX V:BMK ) exploration company with a deep established history in the exploration of gold and base metals, MacDonald has set upon a strategic direction of exploration in the Central Canada Northlands

MacMillan Gold Corp. (TSX: MMG) is a junior resource company focused on the exploration and advancement of gold and silver assets primarily in Mexico. Its most advanced project is the strategically located Cerro de Oro property which is located 8 km south-west of the highly productive mining area of Concepcion del Oro in Northern Zacatecas, Mexico.

Madeco S.A. (NYSE: MAD) manufactures finished and semifinished nonferrous products based on copper, aluminum, and related alloys, as well as manufactures flexible packaging products for use in the mass consumer market for food, snacks, and cosmetics products. The company operates in four segments: Wire and Cable, Brass Mills, Flexible Packaging, and Aluminum Profiles.

MAG Silver Corp. (TSX.V: MAG) is a silver exploration company focused on projects located within the Mexican Silver Belt. Its large land inventory is well positioned in mining districts with historical and ongoing large-scale, high-grade silver production.

Mainstream Minerals Corporation. (CDNX:MJO.V ) a mineral exploration and development company focused on precious metal mining properties with economic potential, all with the aim of bringing such properties to production. The company is comprised of a well-diversified and experienced team led by a senior mining executive with extensive experience in the acquisition, finance, exploration and development of resource projects through to production.

Magnum Uranium Corp. (TSX.V: MM) is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Wyoming, Utah, Idaho, and New Mexico, and in Canada's Athabasca Basin.

Magnus International Resources, Inc. (OTCPK:MGNU) Magnus International Resources, Inc. specializes in identifying, acquiring and developing precious and base metal properties. Magnus' objective is to develop a balanced portfolio of early-to-advanced stage projects.

Majestic Gold Corp. (TSX.V: MJS) a Vancouver-based precious metals exploration and development company. It has focused first on building a strong management team and knowledgeable board of directors. The company has acquired properties with known gold and excellent development potential.

Major Drilling Group Intl Inc. (TSX: MDI) is based in Moncton, New Brunswick, Major Drilling Group International Inc. is one of the world's largest metals and minerals contract drilling service companies. To support its customers' mining operations and mineral exploration activities, Major Drilling maintains operations in Canada, the United States, Mexico, South and Central America, and in Australia, Indonesia, Turkey, Tanzania, Mongolia and China.

Manicouagan Minerals Inc. (TSX.V: MAM) is a Canadian based exploration company with a diversified portfolio of properties. The Company currently holds four base metal projects located in Saskatchewan and Quebec, on which exploration programs are ongoing.

Mansfield (CDNX:MDR.V) is a mining exploration company which has focused its activities in northwestern Argentina since August 1994. The Company's current significant properties and projects consist of mineral rights covering approximately 175 square miles in three Argentine provinces and one Canadian province. The Company is currently focused on two primary projects which include Lindero (gold) and Rio Grande (copper-gold).

Manson Creek Resources Ltd. (TSX:MCK.V) A mineral exploration company with a focus on acquiring and advancing early stage Gold, Silver, Base Metals and Uranium projects located in western Canada.

Mantle Resources Inc. (TSX:MTS.V) The Company has a 100% interest in the Akie zinc-lead property, in northeastern British Columbia, approximately 260 kilometers north-northwest of the town of Mackenzie.

Marathon PGM Corp. (TSX:MAR.TO) Marathon has completed a definitive feasibility study on the Marathon PGM-Cu deposit and also has development and exploration stage properties in southeastern Manitoba and western Newfoundland and Labrador. The Company is actively looking for additional projects of merit.

Marathon Resources Limited (MTN.AX) explores for Cu, Au and Iron Oxide Copper Gold (IOCG) style deposits in South Australia's Gawler Craton, the Adelaide Geosyncline and the Moyston Fault Zone in western Victoria.

Marifil Mines Ltd. (TSX.V: MFM) is a Canadian resource exploration company with an aggressive strategy focused on exploring for precious and base metals targets in Argentina. The Company has an impressive portfolio of 21 properties including several containing bonanza grade gold and silver values and others with bulk tonnage precious and base metal targets. Marifil's highly skilled and experienced board and management team is committed to creating value for its shareholders by continuing to build a portfolio of properties of merit and then using joint ventures to advance these properties to the development stage.

Marum Resources Inc. (TSX.V: MMU) has applied for four Alberta minerals permits that cover 144 square miles in an an extensive area that is located about 10 km south of Fort Macleod, about a two-hour drive south of Calgary. It also is focused on gold projects in Alberta, Manitoba and Quebec.

Massey Energy Co. (NYSE: MEE) is the fourth largest coal company in the United States based on produced coal revenue.

Matamec Explorations Inc. (TSX.V: MAT) is a mining exploration company which has a focus on the exploration of properties for gold deposits in the East Timmins mining camp. In particular, it has options to acquire interests in the Matheson and Montclerg properties. Furthermore, it holds a 100% interest in 6 exploration properties in Quebec for gold, uranium, other metals and minerals.

Matrix Metals Limited (MRX.AX) is primarily involved in the exploration and development of copper mineralisation in the Mount Isa region of Queensland.

Mawson Resources Limited (TSX.V: MAW) is a leading explorer in the mining districts of Sweden and Finland. The company holds large tracts of under explored claims and advanced bonanza-grade gold and uranium projects.

MAX Resource Corp. (TSX:MXR.V) MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include Uranium projects in the southwestern U.S. and northern Canada, Molybdenum in Alaska and Nevada, and Gold in Nevada and British Columbia.

Maximus Resources Limited (MXR.AX) is a polymetal exploration company. Projects are prospective for uranium, gold, copper, nickel and platinum group elements (PGE) and are located in NT, SA and WA.

Maxy Gold Corp. (TSX:MXD.V) Maxy Gold Corp. is a Canadian junior exploration Company dedicated to the exploration and development of precious and base metal resources in China and Peru.

MBMI Resources Inc. ( TSX:MBR.V) MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel products to primary industrial consumers in Asia.

Mechel Open Joint Stock Company (NYSE: MTL) is one of the leading Russian mining and metals companies. Mechel unites producers of coal, iron ore, nickel, steel, rolled products, and hardware. Mechel products are marketed domestically and internationally.

Medoro Resources Ltd. (TSX:MRS.V) Medoro Resources is a gold exploration and development company focused on acquiring properties of merit for potential joint ventures with senior producers. The company holds a 100% interest in the Lo Increible 4A and 4B concessions in Venezuela and interests in nine gold exploration areas in the Republic of Mali.

Mega Uranium Ltd. (TSX: MGA) formerly Maple Minerals is a mining company with a focus on uranium. Since its incorporation, Mega has been engaged in the acquisition, exploration and development of natural resource properties.

MENA RESOURCES INC (TSX.V: MEA) is a junior mining company focusing on gold and base metal exploration in Latin America. The Company currently has projects in Venezuela, Chile, and Honduras.

Mercator Minerals Ltd. (TSX:ML.TO) Mercator Minerals Ltd. is a TSX listed mining company with an experienced management team that has brought the mill expansion at the Mineral Park Mine, one of the largest and most modern copper-moly mining-milling operations in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

Meridian Gold, Inc. (NYSE: MDG) is engaged in the mining and exploration of gold and other precious metals. The Company's principal revenue-producing properties are its El Penon Mine in Chile, and the Jerritt Canyon mine (30% ownership) located near Elko, Nevada.

Merrex Gold Inc. (TSX:MXI.V) Merrex Gold is a mineral resource exploration company focusing on gold exploration in West Mali, Turkey and in the Red Lake area of Ontario and zinc exploration in Cape Breton, Nova Scotia.

Mesa Uranium Corp. (TSX.V: MZU) is a Canadian exploration company actively exploring for uranium on the 100% owned Lisbon Valley Project in the historic Lisbon Valley Mining District in Southeastern Utah. Over 85 million pounds of uranium were produced in the Lisbon Valley Mining District. The Lisbon Valley Project covers 27 square miles (7,000 hectares) of uranium claims prospective for the discovery of major uranium deposits.

Messina Minerals Inc. (TSX:MMI.V) Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland in a region known historically for its zinc resources.

Metal Management Inc. (NYSE: MM) is one of the largest full service metal recyclers in the United States, with approximately 40 recycling facilities in 15 states.

MetalCORP Ltd. (TSX: MTC) is a Canadian junior resource company with offices in Toronto and Thunder Bay, Ontario, and it is focused on the exploration and development of copper-nickel-platinum group and gold deposits in Ontario.

Metalico, Inc. (AMEX: MEA) is a holding company with operations in two business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The Company operates five recycling facilities and six lead fabrication plants in six states. Metalico's common stock is traded on the American Stock Exchange under the symbol MEA.

Metaline Contact Mines’ (OTC.PK: MTLI) principal activities are to acquire, lease, explore and to develop and mine mineral resource properties. The company acquires non-patented zinc-lead mining claims and other mineral rights in the Metaline District, Pend Oreille County in the State of Washington.

Metallica Resources Inc. (TSX: MR, AMEX: MRB) is a publicly held Canadian mineral exploration and development company with a geographic focus in the Americas. The company has recently increased its ownership interest in a gold project in Mexico to 100 percent and is actively pursuing its development. In addition, it has a significant copper-gold project in Chile.

Metallic Ventures Gold Inc. (TSX: MVG) is focused on major past-producing mining districts in Nevada and controls two advanced projects with considerable near-term production potential: Converse and Goldfield. The Company also has other exploration projects in the western U.S. and Nevada that are currently in the process of being joint ventured to qualified companies. The Company concentrates on deposits that can be exploited at low cost throughout the gold price cycle.

MetalQuest Minerals Inc. (TSX:MQ.V) MetalQuest Minerals Inc. is formerly Sonora Gold Corp. working RHG porphyry copper gold property in northern BC.

Metanor Resources Inc. (TSX:MTO.V) The activities of the Corporation essentially pertains to the exploration of mining properties with a view towards their commercial operations. Metanor is focusing its exploration efforts on the prospection of gold deposits.

Metco Resources Inc. (TSX.V: MKO) is a junior mining exploration company created on November 1st 1999; it is listed on TSX Venture Exchange under the symbol MKO. The growth strategy of Metco adopted when it was created, is searching for, acquiring, exploring and developing properties in Canada with high potential for discovery of base metals. It became active and has grown its portfolio of exploration properties in the great Canadian mining camps of Chibougamau, Lebel-sur-Quévillon, Matagami, Rouyn-Noranda, and Schefferville in the Province of Quebec.

Mexican Silver Mines Ltd. (TSX:MSM.V) Mexican Silver Mines is a silver focused junior resource company developing three former silver producing properties in northeastern Mexico.

Mexivada Mining Corp. (TSX.V: MNV) is a Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and the Republic of Congo (Brazzaville).

Midlands Minerals Corporation (TSX: MEX) is a growth oriented, dynamic, entrepreneurial junior exploration company focused on gold and diamonds in Africa.

Mill Bay Ventures Inc. (TSX: MBV) have projects located in Canada and in the Continental United States in areas with historic production proven gold deposits. Mill Bay Ventures Inc. has historically held gold properties in the portfolio.

Minco Mining and Metals Corporation (TSX: MMM) has a portfolio of high quality mineral projects in China and continues to evaluate a number of gold, base metal, rare earth and specialty metals projects in China.

Mindax Limited (MDX.AX) was incorporated on 30 October 2003 for the purpose of acquiring prospective exploration and mining permits in Western Australia. Its exploration portfolio consists of four gold and one nickel project, totalling 1,388 sq km in area centred on the East Murchison area of the Yilgarn Craton. Mindax's key projects are located at Bulga Downs, Meekatharra and Mt Alexander.

Midland Exploration Inc (TSX:MD.V) Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and uranium.

Mindoro Resources Ltd. (TSX.V: MIO), in addition to the resource delineation being carried out at Kay Tanda, has identified 22 porphyry copper-gold prospects and a nickel laterite prospect in the Philippines and has an aggressive strategy of drilling multiple targets in 2007.

Minefinders Corporation Ltd (AMEX: MFN) is a precious metals exploration company which expects to begin production in 2007. The Company currently controls a large gold-silver resource at the Dolores project, has several additional exploration projects, and is actively seeking new discoveries.

Minera Andes (TSX.V: MAI) aggressively explores for gold, silver and copper in Argentina. By emphasizing its proven strengths in all phases of mineral exploration and exploration management, Minera Andes' goal is to derive profits from discoveries of deposits containing one-million gold-equivalent ounces or more. By adding value through detailed, systematic exploration, Minera Andes markets its discoveries to proven, well-capitalized mining companies with expertise in development and mine operation. If a mine is developed, Minera Andes receives income which it uses to fund more exploration leading to new discoveries and value enhancement.

Mineral Hill Industries Ltd. (TSX:MHI.V) Mineral Hill Industries Ltd. is focused on exploring and developing industrial mineral, aggregate, and precious and base metal properties, creating short-term cash flow possibilities and generating long-term reserves

Mines Management, Inc. (AMEX: MGN) is a U.S.-based mineral company focused on the acquisition and exploration of silver dominant mineral deposits. Its primary focus is currently on advancement of the Montanore Silver-Copper Project.

Minterra Resources Corp ( TSX:MTR.V) A junior natural resource issuer engaged in the acquisition, exploration and development of mineral exploration properties with a focus on gold and precious metals.

Minvita Enterprises Ltd. (TSX.V: MVE) (OTC.PK: MVTAF) is focused on the Montanore Silver-Copper Project in northwestern Montana. The company acquired the Montanore project in 2002 when its previous operator, Noranda Minerals, withdrew from the project due to low metals prices at the time.

Mirabela Nickel Limited (TSX: MNB) is a base metals explorer focused on opportunities in Brazil. The Company owns a portfolio of prospective nickel and other base metal projects in Brazil with the principal asset being the Santa Rita disseminated nickel sulphide deposit in the Bahia State, Brazil.

Miramar Mining Corp (AMEX: MNG) together with its subsidiaries, is engaged in the mining and processing of gold ore and the exploration for, and the acquisition and development of, gold bearing mineral properties.

Miranda Gold Corp. (OTCBB:MRDDF) is a gold exploration company active in Nevada and whose emphasis is on generating gold exploration projects within the Battle Mountain-Eureka and Cortez Trends. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Newcrest Resources Inc., Barrick Gold Exploration Inc., the Cortez Joint Venture, the Buckhorn Joint Venture, Romarco Minerals Inc., White Bear Resources Inc., and Piedmont Mining Company Inc.

Mirasol Resources Ltd. (TSX.V: MRZ) The company has rapidly built a portfolio of 100%-owned gold-silver prospects in Patagonia, Argentina, and is in the process of expanding its programs into other highly prospective terrains within Latin America. Mirasol launches its exploration activities from its regional office in Mendoza, Argentina.

Mittal Steel Company (NYSE: MT) is the world's largest and most global steel Company. The company has operations in fourteen countries, on four continents. Mittal Steel encompasses all aspects of modern steelmaking, to produce a comprehensive portfolio of both flat and long steel products to meet a wide range of customer needs. It serves all the major steel consuming sectors, including automotive, appliance, machinery and construction.

Moly Mines Ltd. (TSX:MOL.TO) An independent Australian resources company focused on the development of major specialty, base and precious metals projects.

Molycorp Gold Corp (TSX.V: MOR) is engaged in the business of acquiring, exploring, and if warranted, developing mining properties and placing such properties into production. The Company currently holds resource properties in the United States and Canada and intends to seek and acquire additional properties worthy of exploration and development.

Monaro Mining N.L. (MRO.AX) is an exploration company with projects located within the Lachlan fold belt in NSW and prospective for gold and base metals.

Monax Mining Limited (MOX.AX) is an exploration company with projects located in Gawler Craton in South Australia and prospective for uranium, nickel, copper, gold and zinc. Current focus is on the exploration at the Ambrosia and Moorlands-Mt. Hope projects.

Moneta Porcupine Mines Inc. (TSX:ME.TO) Moneta is a long-established Canadian minerals exploration company and former gold producer. The Company holds an extensive, high-quality gold exploration portfolio with four gold projects in the prolific Golden Highway and Porcupine Camps near Timmins, Ontario

Monster Copper Corporation (TSX.V: MNS) is dedicated to the discovery of world-class IOCG copper-gold-uranium deposits with an experienced IOCG exploration team. In addition to its uranium exploration in Labrador, Monster Copper has established itself by partnering with Xstrata plc on the exploration of copper-gold properties in the Carajas Mineral Province of northern Brazil.

Monument Mining Ltd. (TSX:MMY.V) Monument Mining Limited ("Monument") is well funded Canadian mining and exploration company with two 100% owned prospective gold properties in Malaysia

Morgain Minerals Inc. (TSX.V: MGM) is a resource exploration company with a number of precious and base metal properties in Mexico.

Moss Lake Gold Mines Ltd. (TSX:MOK.V) Is a 55% owned subsidiary of Wesdome Gold Mines Ltd. that owns a large tonnage, low-grade gold deposit in the Shebandowan area, 100 kilometres west of Thunder Bay, Ontario.

Motapa Diamonds Inc. (TSX.V: MTP) is among the leading diamond explorers in Africa and has interests in approximately 9 million hectares of diamond prospective properties located in Botswana, Gabon, Lesotho, Mozambique, Namibia and Zambia. The Company also holds licenses to explore for gold, uranium and manganese in Gabon.

Moto Goldmines Limited (TSX: MGL) has acquired the rights to earn an interest in the famous Moto mine group in the Democratic Republic of Congo. MGL is undertaking an extensive drilling programme focused on identifying substantial gold resources in an underexplored but highly prospective gold province.

Mountain Boy Minerals Ltd. (TSX.v:MTB) is a Canadian based mineral exploration company whose activities are in the Stewart and McKenzie area of BC. It is actively exploring for gold-silver-base metals on the Silver Coin project, silver-base metals on their American Creek properties, copper-gold in the Stewart area, porphyry molybdenum in the Stewart and McKenzie areas and copper-nickel-platinum group metals in the McKenzie area.

Mountain Lake Resources Inc. (TSX:MOA.V) Mountain Lake Resources Inc is a diversified junior mining and exploration company whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties. Current projects include: a 30% interest in the Valentine Lake gold project (Newfoundland) with an option to acquire the remaining 70% interest in the project from Richmont Mines Inc.; a 100% interest in the Bobby's Pond Base Metal Project (Newfoundland); a 13.07% stake in Etruscan Diamonds Limited, an alluvial diamond operation (South Africa); and an option to earn a 100% interest in the Little River gold exploration property in Newfoundland).

Mountain Province Diamonds Inc. (AMEX: MDM) is a diamond exploration and development company founded in 1986. The company is actively involved in exploring and developing diamond deposits in Canada's Northwest Territories through a joint venture with De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers Consolidated Mines.

Moydow Mines International Inc. (TSX:MOY.TO) Moydow Mines is engaged in the acquisition, exploration and development of mineral properties worldwide.

MPH Ventures Corp. (TSX:MPS.V) MPH Ventures Corp. is a precious metal and molybdenum exploration company focused on mineral development within Canada.

Mundoro Mining, Inc. (TSX.V: MUN) is a Vancouver-based, company focused on the exploration and development of the multi-million ounce, feasibility stage Maoling gold deposit in Liaoning Province, China. The Company has a 79% interest in the project through a Sino-Foreign co-operative joint venture with the corporate arm of the Liaoning provincial government, and has been aggressively exploring the 20 square kilometer exploration license area.

Murgor Resources Inc. (TSX.V: MUG) is a Canadian mineral exploration and development company engaged in the exploration for economic precious and base metal deposits. Murgor's management team is dedicated to increasing shareholder value by acquiring low cost prospective gold and base metal properties in favourable geologic environments and progressively moving them to advanced exploration levels and beyond.

Mustang Minerals Corp. (TSX:MUM.V) Focused on development of the Maskwa Nickel Project in Manitoba Canada and is an active exploration company.

Nass Valley Gateway Ltd. (CNSX:NVG) The Company is a Canadian natural resource exploration company based in Vancouver, British Columbia. NVG is exploring for and developing industrial and metallic minerals in the Province of British Columbia.

National Coal Corp. (NASDAQ: NCOC), a wholly owned subsidiary of National Coal Corp., has been successful in gaining ownership and leases of mineral rights located on approximately 115,000 acres of real property in the eastern Tennessee and Kentucky region. NCC is currently clearing and mining portions of this property.

Natural Resource Partners L.P (NYSE: NRP) operates in the three major coal-producing regions of the United States: Appalachia, the Illinois Basin and the western U.S. As of Dec. 31, 2004, it controlled approximately 1.8 billion tons of proven and probable coal reserves in nine states.

Navasota Resources Ltd. (TSX:NAV.V) A Canadian-based, mineral exploration company engaged in the evaluation and development of resource properties. Navasota's principle asset is its bauxite concession in Guinea, West Africa.

Nautilus Minerals Inc.( Nautilus Minerals Inc.(TSX:NUS) the first company to commercially explore the ocean floor for high grade gold-copper-zinc-silver seafloor massive sulphide deposits and is positioned to become a world leader in underwater mineral exploration. The Company's main focus for 2007 is the Solwara 1 Project, located in the territorial waters of Papua New Guinea between the island chains of New Britain and New Ireland in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders four of the world's largest international resource companies, including Epion (16.8%), Anglo American (6.4%), Teck Cominco (5.8%), and Barrick Gold (3.7%).

Nayarit Gold Inc. (TSX.V: NYG) is a Canadian gold and silver exploration company formed in May, 2005. The Company controls over 102,000 hectares of mining concessions in the State of Nayarit, Mexico. Nayarit Gold Inc.'s management team consists of highly experienced mining and financial professionals. The Company is focused on its 7,000 metre Phase One drill program, and will apply a systematic drill program to its high quality asset. Management's strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties in the State of Nayarit, Mexico.

Network Exploration Ltd. (TSX.V: NET)is a mineral exploration Company committed to building shareholder value through the acquisition of base and precious metal properties in North and South America.

Nevada Explorations Inc. (TSX:NGE.V) NGE is an exploration company focused on gold exploration in Nevada. NGE is led by an experienced and historically successful exploration management team

Nevada Pacific Gold Ltd. (TSX.V: NPG) is a junior gold and silver producer and exploration company with head offices in Vancouver, Canada. The company was founded in 1997. Its mission is to acquire or discover and develop economic, multi-million ounce deposits.

Nevsun Resources Ltd. (TSX: NSU; AMEX: NSU) is an emerging gold producer with a focus on developing gold projects in Africa. Nevsun is currently focused on the development of its Tabakoto/Segala Projects covering 83 square kilometres in the Kenieba district of Mali, West Africa. The Company plans to be in production by late 2005 with an annual production forecast of 100,000 ozs Au per year. In addition, Nevsun has advanced its Bisha Project high-grade gold, copper and zinc discovery in Eritrea. Nevsun also has three other drill ready exploration properties in Eritrea.

New Dimension Resources Ltd. (TSX.V: NDR) maintains the most international exposure of the companies within The Northair Group. In North America, the Company is aggressively reviewing prospects, with the majority of these located in Canada and Nevada. In South America,an exploration emphasis is given to higher grade precious metal prospects with underground or open-pit potential that can be developed and mined at low cost.

New Gold, Inc (AMEX: NGD) an exploration stage company, engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily focuses on the exploration and development of the Afton Copper-Gold Project that is located 10 kilometers west of Kamloops, British Columbia. It also owns Ajax-Python Property situated in the Kamloops Mining Division of British Columbia.

New Guinea Gold (TSX.V:NGG) junior explorer and miner in Papua New Guinea, with interests in ten gold and two porphyry copper-gold-molybdenum properties. With 70,000 + metres of drilling completed, extensive gold or copper-gold-molybdenum mineralization has been discovered at 11 of the properties while the 12th contains widespread and extensive alluvial gold

New Horizon (TSX.V: NHU) is the manager of two separate, yet related, joint ventures to explore for and develop uranium on 10,600 acres of mineral rights and 12,000 acres of surface use agreements situated in Wyoming.

New Jersey Mining Co (OTCBB: NJMC) is involved in exploring for and developing gold, silver and base metal ore resources in the Pacific Northwest region of the United States.

New Nadina Explorations Ltd (TSX:NNA.V) Principally engaged in the acquisition, exploration and development of mineral properties in British Columbia, Saskatchewan, Northwest Territories and Nunavut.

New Pacific Metals Corp. (TSX:NUX.V) The company's mandate is to explore and develop gold-polymetallic projects in China, utilizing its operating experience in China. The company is actively drilling and tunneling to define mineable high grade gold reserves at its HNK project located in the Guangdong province.

New Shoshoni Ventures Ltd. (TSX.V: NSV) is a Canadian junior mineral exploration company. The company's corporate objectives are to identify, acquire and develop, either through joint venture or using its own resources, mineral properties which have the potential to host world-class deposits. To this end, the company has acquired a portfolio of diamond properties and uranium properties in Canada.

Newera Uranium Limited (NRU.AX) is a uranium exploration company with primary operations within Western Australia and the Northern Territory of Australia.

Newmont Mining Corp (NYSE: NEM) and its affiliates and subsidiaries predominantly operate in a single industry, engaged in worldwide gold production, exploration for gold and acquisition of gold properties. Newmont also has base metal operations engaged in copper and zinc production.

NewWest Gold Corporation (TSX: NWG) is one of the largest holders of precious metals mineral rights in Nevada's gold trends, spanning approximately 623,000 acres. NewWest holds 19 exploration projects, including advanced staged projects with measured and indicated resources. NewWest's goal is to advance its projects along the pipeline into production.

Niblack Mining Corp. (TSX.V: NIB) is a mineral exploration company engaged in advanced stage exploration of the copper-zinc-gold-silver Niblack massive sulphide (VMS) property located on Prince of Wales Island in southeast Alaska. The Niblack property is particularly attractive due to its high precious metals content and year round tidewater access.

NioGold Mining Corporation (TSX.V: NOX) is a junior exploration company primarily focused on Gold. The Company's main properties are the Camflo West and the Marban Block located in the Malartic and Val-d'Or Mining Camps, Quebec.

Nirek Reources Inc. (FRA:3N6.F) Nirek Resources Inc. is a Canadian exploration company focused on exploring for precious and base metals in US and Canada. Its goal is to become one of Canada's major gold and precious metals producers through a series of joint ventures and mine and property acquisitions; It is the company’s ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

Nordic Diamonds Ltd. (TSX:NDL.V) Nordic Diamonds Ltd. is a Canadian mining exploration Company based in Vancouver, British Columbia. Nordic currently has a portfolio of properties that include diamond projects in Finland and Canada and also poly-metallic and uranium properties in Sweden.

Normabec Mining Resources Ltd. (TSX:NMB.V) Normabec is a junior mining exploration company with a portfolio of advanced exploration projects including: the 100% owned Pitt Gold Project in Quebec and the 100% owned Real de Catorce Silver Project in Mexico.

Noront Resources (TSX.V:NOT) is a mineral exploration company whose activities, since its incorporation, have focused on the exploration for gold, base metals and has at times during its history, extended its attention to the exploration for diamonds and industrial minerals in Canada.Currently the company also has properties in the McFaulds Lake area

North American Gem Inc. (TSX.V: NAG) is a junior exploration Company based in Western Canada. The Company's primary goal is to explore for Uranium, Molybdenum, Gold, Copper and other base metals. The Company is actively pursuing several opportunities, including the Louise Lake copper-gold-molybdenum-silver deposit and Mt. Ogden molybdenum property, both located in British Columbia, Canada. The Company is also pursuing its uranium projects, consisting of the Whiskey Gap, Del Bonita, Western Basin, and Bonny Fault projects, all located in Alberta, Canada.

North American Palladium Ltd. (AMEX: PAL) is Canada's only primary producer of platinum group metals and is one of the largest open pit bulk mineable palladium reserves in the world. The Company also earns substantial revenue from by-product nickel, platinum, gold and copper. In addition to operating Lac des Iles, the Company's mandate is to expand its production profile through an aggressive exploration campaign, designed to increase its exposure to base and precious metals.

North American Tungsten Corporation (TSX:NTC.V) The Company is a publicly listed Tier 1 Junior Resource Company engaged primarily in the operation, development, and acquisition of tungsten and other related mineral properties in Canada. The Company's 100% owned Cantung mine and Mactung development project make it one of the few tungsten producers with a strategic asset in the western world. Mactung is one of the world's largest known undeveloped high grade tungsten-skarn deposits.

North Atlantic Resources Ltd. (TSX: NAC) continues to focus on gold exploration in Mali and the Company has also initiated uranium exploration in Niger, west Africa. North Atlantic Resources Ltd.’s corporate strategy for the near and medium term is to continue to focus on gold exploration and property acquisitions in the Republic of Mali. The top priority is to enhance and optimize the preliminary resource model of the FT Gold Deposit, discovered by North Atlantic Resources Ltd. only 17 months ago.

Northern Abitibi Mining Corporation ( TSX.V: NAI) is a Junior Exploration Company that is currently exploring for gold and silver in Nevada, where political and environmental risks are low, and the number of known world class gold deposits are high. The company has entered into an option agreement with Altius Resources Inc. to acquire an interest in the Taylor Brook Nickel-Copper-Cobalt-PGE prospect located in northwestern Newfoundland.

Northern Canadian Minerals Inc. (TSX.V: NCA) is a Canadian publicly traded junior resource company exploring for uranium in Saskatchewan. The company’s properties include the Snowshoe, Harrison Peninsula and Pow Bay mineral claims which are located on Wollaston Lake in northern Saskatchewan at the eastern extremity of the Athabasca Basin which is the source of over 30% of current world production of uranium.

Northern Continental Resources (TSX.V: NCR) has a long history in exploration in the Northwest Territories. It is now focused on Uranium ( Russell Lake) in Saskatchewan and Gold (Abo and LCR Projects) in British Columbia.

Northern Dynasty Minerals Ltd. (AMEX: NAK), since 2001, has invested US$160 million to discover and develop one of America's most important advanced stage copper-gold-molybdenum projects in southwestern Alaska, USA. In 2007, the Company formed a 50:50 partnership with Anglo American plc, which will invest the next US$1.425 billion to advance the Pebble project towards production. The partnership is operated by Pebble Mines Corp.

Northern Freegold Resources Ltd. (TSX:NFR.V) Northern Freegold is a well financed Canadian-based resource exploration and development company which relies on local expertise and strong management to focus on development of economic reserves on the district-scale Freegold Mountain Project in the Yukon and Arizona.

Northern Hemisphere Development Corp. (TSX:NHD.V) Northern Hemisphere Development Corp.is an emerging Canadian junior oil and gas company engaged in the exploration, development and production of oil and natural gas reserves.

Northern Orion Resources Inc. (TSX: NNO, AMEX:NTO) one of the world's lowest-cost copper and gold producers, is part owner in a copper and gold mine in Argentina. It is engaged in the development of precious and base metals worldwide.

Northern Peru Copper Corp. (TSX: NOC) Northern Peru Copper Corp is focused on advancing and developing the Galeno copper-gold-molybdenum-silver and adjacent Hilorico gold and Pashpap copper-molybdenum properties located in northern Peru.

Northern Shield Resources Inc. (TSX.V: NRN) is a Canadian-based, mineral exploration company concentrating on diamond and platinum group elements exploration in under-explored regions of eastern Canada.

Northern Star Mining Corp. (TSX:NSM.V) An aggressive exploration company based in Val-d'Or, Quebec, Canada.

Northern Superior Resources Inc. (TSX:SUP.V) Superior Resources Inc. is a junior exploration company whose focus is exploring for gold and diamonds on the Superior Province of the Canadian Shield. Northern Superior is also advancing gold and base metal properties as a by-product from its diamond exploration programs.

Northgate Minerals Corporation (TSX: NGX; AMEX: NXG) is a gold and copper mining company focused on operations and opportunities in the Americas. The Corporation's principal assets are the 300,000-ounce per year Kemess mine in north-central British Columbia and the adjacent Kemess North deposit, which contains a Proven and Probable Reserve of 4.1 million ounces of gold.

Northland Resources Inc. (TSX.V: NAU) is a well-structured junior, debt free, exploration company, with property selection that begins in Fenno-Scandia. North American Gold had changed its name to Northland Resources Inc, to better reflect our exploration work in Sweden and Finland.

Northwestern Mineral Ventures (TSX.V: NWT) is an emerging junior exploration company that is concentrating on the acquisition of properties with potential uranium and/or silver-gold targets.

Norsemont Mining Inc. (OTC.PK: NOMFF) (TSX.V: NOM) is active in southern Peru, northern British Columbia and Argentina. It began as Lornex Mining in the 1960s.

Nova Energy Limited (NEL.AX) is a uranium exploration company, with projects located in Western and South Australia. Company's current focus is on the delineating a JORC-compliant resource at its Wiluna assets, comprising Centipede and Lake Way projects, followed by conducting a feasibility study.

Nova Uranium Corporation (TSX.V: NUC) is dedicated to the exploration and development of its Mont Laurier Uranium property in Quebec, Canada - an area undergoing significant revitalized uranium exploration with the potential of hosting world class, economic deposits.

Novamerican Steel Inc. (NASDAQ: TONS) is based in Montreal, Canada with twelve operating locations in Canada and eleven operating locations in the United States, processes and distributes carbon steel, stainless steel and aluminum products, including carbon steel tubing for structural and automotive markets.

Novagold Resources, Inc. (AMEX: NG) has an extensive and diverse portfolio of mineral exploration projects is located in the Canadian provinces of Quebec and Ontario, two of the most favourable locations in the world for mineral exploration.

Novelis Inc. (TSX: NVL) produces aluminum rolled products. The company supplies aluminum sheet and foil to the automotive and transportation, beverage and food packaging, construction and industrial, and printing markets in Asia, Europe, North America, and South America.

NS Group Inc. (NYSE: NSS) produces seamless and welded tubular steel products for the energy industry in the United States. These tubular steel products are used primarily in oil and natural gas drilling and production operations. The company also manufactures line pipe products, which are used in the transmission of oil, natural gas, and other fluids. NS Group’s customers include independent oil and natural gas exploration and production companies; gas utility and transmission companies; distributors; and end users. It markets and sells its energy related tubular products in the southwest, western, and Appalachian regions of the United States, as well as the western regions of Canada.

NUCOR Corporation (NYSE:NUE) Headquartered in Charlotte, N.C., Nucor makes more steel in America than any other company. Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.

Nuinsco Resources Limited (TSX: NWI) is a growth-oriented, multi-commodity mineral exploration and development company that is prepared for production and focused on growth through nickel, copper, zinc, uranium and gold exploration and development in world-class mineralized belts in Canada and Turkey.

NWT Uranium Corp. (TSX:NWT.V) NWT Uranium Corp. is an international resource exploration company with an experienced management team. Since its inception, NWT has concentrated on the acquisition of properties with potential uranium targets.

Olympic Steel Inc. (NasdaqNM:ZEUS) Founded in 1954, Olympic Steel is a leading U.S. steel service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products.

Olympus Pacific Minerals Inc.(TSX.V: OYM) is an international mining exploration and development company focused on the exceptional mineral potential of Vietnam and the surrounding region. The Company's properties include the Phuoc Son and Bong Mieu Gold Properties both located in central Vietnam. To date, a total of five deposits have been delineated on these properties.

OmegaCorp Limited (OMC.AX) is involved in the exploration of uranium in southern Africa and ilmenite-rich heavy minerals sands (HMS) in Tanzania and Uranium in southern Africa.

Oremex Resources Inc. (TSX.V: ORM) is a Vancouver-based resource company that is actively developing two of its six silver mineral properties in the State of Durango, Mexico.

Orezone Resources Inc. (TSX: ORZ) is an emerging gold producer focused on adding shareholder value through the exploration and development of its advanced gold projects in West Africa.

Oriel Resources plc (TSX:ORL) is positioned to supply the stainless steel market in Asia and Europe for the next 25 years, as it puts nickel and chromite mines into production in Kazakhstan. Both deposits are now in feasibility.

Orko Silver Corp. (TSX.V: OK) focuses on exploration and development of Silver and Gold in Mexico. The Company has a large land position in Durango State, a historically prolific silver mining region located along the Sierra Madre Occidental Mountains and is involved in three main projects; La Preciosa, Santa Monica and San Juan.

Oro Gold Resources Ltd. (TSX.V: OGR) is a gold exploration company with active programs in Mexico and Central America. The Company is focused on (i) drilling at its flagship Rosario Gold Belt property portfolio near Mazatlan, Mexico, (ii) the spin out of its non-core silver assets into a new company, Oro Silver Resources Ltd., and (iii) the acquisition of new properties through continued generative exploration activities.

Orphan Boy Resources Inc. (TSX.V: ORS) is a mineral resource company focused upon exploration in the highly mineralized terrane near the City of Revelstoke in southeastern British Columbia, Canada. The Company holds interests in seven mineral properties totalling approximately 23,000 hectares.

Orvana Minerals Corp. (TSX:ORV.TO) Orvana Minerals Corp. is a Canadian mining and exploration company based in Toronto, Canada, involved in the evaluation, development and mining of precious and base metal deposits in the Americas. The Company owns and operates the Don Mario Mine in eastern Bolivia. Orvana's long-term goal is to become a low cost, long-life, multi-mine gold and base metals producer in the Americas.

Osisko Mining Corp. (TSX:OSK.TO) Osisko Mining Corporation announced a positive feasibility study on its Canadian Malartic Project in November 2008 and tabled environmental impact study for the Project in September 2008. Osisko continues to carry out an extensive definition drilling and exploration program on its surrounding properties in the Abitibi region. The development of the Canadian Malartic Project is underpinned using sustainable development principles.

OZ Minerals (OTCPK:OZMLY; ASX:OZL.AX) OZ Minerals is Australia's third largest diversified mining company, it's the world's second largest producer of zinc, a substantial producer of copper, lead, gold, silver and growing in nickel.

Pacific Bay Minerals Ltd. (TSX:PBM.V) A Canadian Resource company actively exploring for uranium and gold in Argentina and Quebec.

Pacific Cascade Minerals Inc. (TSX:PCV.V) Pacific Cascade Minerals is a junior resource exploration company focusing on three British Columbia based Molybdenum properties: the Crack Moly, Brewster Lake and Mo prospects.

Pacific North West Capital Corp (TSX:PFN.TO) Pacific North West Capital Corp. is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals.

Pacific Ridge Exploration Ltd. (TSX.V: PEX) is focused on the Baker Uranium Project. Located in an emerging uranium district in south-western Nunavut, Baker is over 500,000 acres in size and is known to host at least 20 uranium prospects. These prospects occur along a 60-kilometre length of the southern boundary of the Baker Lake Basin, a favourable setting for high-grade uranium occurrences.

Pacific Rim Mining Corp (AMEX: PMU) is a British Columbia-based mineral resource corporation engaged, both directly and indirectly through its subsidiaries, in the acquisition, exploration, and, if warranted, development of precious metals properties. The Company's exploration activities are focused in El Salvador.

Pacmag Metals Limited (PMH.AX) is a mineral exploration and evaluation company focused on its advanced stage copper, gold, molybdenum projects at Ann Mason in Nevada USA and Blue Rose in Sth Australia.

Paladin Energy Ltd. (TSX:PDN.TO) Paladin operates in the mineral resource sector with focus on uranium and has projects in Australia and Africa.

Palladon Ventures Ltd (TSX.V: PLL) is focused on the acquisition, exploration, and development of mineral resource projects worldwide. The resource portfolio consists of the Western Utah Copper Project near Milford, Utah, the Comstock / Mountain Lion Iron Ore Project near Cedar City, Utah, and five Great Basin Gold Projects throughout Utah and Nevada. In Argentina, Palladon's portfolio consists of seven projects across four provinces: Taca Taca Alto and La Sarita in Salta Province, northern Argentina, Lago Cholila in Chubut, and four projects in the eastern Deseado Massif region of Santa Cruz Province: Tres Hermanas, Rio Deseado, Laguna Guadalosa, and Gran Bajo de San Julian.

Palmarejo Gold Corporation (TSX.V: PJO) is a newly formed gold/silver exploration company. The Company's objective is to aggressively explore and develop the Palmarejo-Trogan project, located in Chihuahua, Mexico. Situated within the Sierra Madre Occidental mountain range, this project which covers approximately 12,100 hectares, has identified several targets with high grade results.

Pan-Nevada Gold Corporation's (TSX.V: PNV), mission is to enhance shareholder value by acquiring, exploring, and developing advanced-stage projects located within the major gold producing areas of Nevada. The Company has announced significant resources at two of its projects, Pan and Afgan, both located in the Battle Mountain-Cortez Trend.

Pan African Mining Corp (TSX.V: PAF) is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 2,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, uranium, precious stones, base metals and industrial commodities. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl.

Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) produces more than 13 million ounces of silver annually from six operations in three countries. It has its seventh mine under construction in Mexico and an additional silver project undergoing a feasibility study in Argentina.

Panoro Minerals Ltd. (TSX:PML.V) Panoro's strategic focus is on exploring for large-potential gold and copper/gold deposits in countries with the corresponding geological potential and where the right political and economic conditions are present.

Paragon Minerals Corp. (TSX:PGR.V) The company and its exploration partners are focused on gold and base metal exploration in Eastern Canada, specifically within the Province of Newfoundland and Labrador.

Paramount Gold and Silver Corp. (AMEX:PZG )(PZG.TSX )(Frankfurt:P6G.F) Paramount Gold is a precious metals mining exploration company, presently in the early stages of an extensive exploration program at their San Miguel project, located in the Guazapares Mining District of Mexico, part of the Sierra Madre Occidental gold-silver belt.

Patrician Diamonds Inc. (TSX.V: PXC) is a mining junior exploration company searching for diamonds in the northern Canadian regions of Baffin Island, the North West Territories and Quebec.

Peabody Energy Corp. (NYSE: BTU) is the world's largest private-sector coal company, with 2004 sales of 227 million tons and $3.6 billion in revenues. Its coal products fuel more than 10 percent of all U.S. electricity and 3 percent of worldwide electricity.

Peak Gold Ltd. (TSX.V: PIK) is a new intermediate gold producer with two operating assets, Amapari in Brazil and Peak Mines in Australia. After raising an initial CDN$326 million in equity, Peak Gold paid US$200 million in cash and US$100 million in shares to acquire the two assets from Goldcorp. Both operations are steady producers, forecasting 220,000 ounces of gold production in 2007 at a cash cost of US$340 per ounce and with good operating cash flow. With a strong foundation for growth and a commitment to value, Peak Gold is positioned to more than double production by 2008 through both acquisitions and organic growth. Peak Gold does not hedge or sell forward its gold production.

Pebble Creek Mining Ltd. (TSX:PEB.V) Our business and our core expertise is to find and explore mineral deposits, develop and operate mines, and sell the mineral products that people want and need. We are focused on India. The Company's Askot project may become the first foreign-owned and private-sector non-ferrous metal mine in India in many decades. Therefore the Company has filed a preliminary application to insure against sovereign risk with the World Bank's Multilateral Insurance Guarantee Agency ("MIGA") and is in communication on the subject with Export Development Canada ("EDC"). Final execution of the Mining Lease will allow the Company to submit final applications for insurance to MIGA and EDC.

Pediment Exploration Ltd. (TSX:PEZ.V) A mining exploration company with its head office located in Vancouver, Canada and an exploration office located in Hermosillo, Mexico. Its mission is to acquire or discover gold, copper and silver deposits that have been previously explored by "boot and hammer" prospecting and apply new technology and scientific analysis to seek blind deposits and extend known mineralization to depth in promising areas of Mexico.

Pelangio Mines Inc. (TSX:PLG.TO) Pelangio is a gold exploration company active in the top-ranked mining jurisdictions in the world, Canada and Ghana. The Company's main focus is to advance its exploration programs on its premier land position in Ghana totaling 290 square kilometres, located on strike and adjacent to AngloGold Ashanti's Obuasi gold mine.

Pele Mountain Resources Inc. (TSX.V: GEM) is discovering and developing the mineral wealth of northern Ontario. Pele is focused on the exploration and development of its 100-percent owned projects at Elliot Lake and Highland. Pele is also a generative exploration company holding a diverse portfolio of gold, diamond, and base metal projects, providing exposure and leverage to discovery and to the increased global demand for natural resources. Four Pele projects are currently funded through agreements with strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and Maple Minerals (a division of Mega Uranium).

Peninsula Minerals Limited (PEN.AX) is a minerals exploration company primarily focused on copper gold projects in South Australia and nickel sulphide projects in Western Australia.

Penn Virginia Resource Partners LP (NYSE: PVR) is a master limited partnership formed by Penn Virginia Corporation. The Partnership manages coal properties and related assets and operates a midstream natural gas gathering and processing business. PVR is headquartered in Radnor, PA.

Pennant Energy Inc. (TSX:PEN.V) An emerging junior oil and gas company

PepinNini Minerals Limited (PNN.AX) is a mineral explorer with several exploration tenements located in South Australia and North Queensland. The company has also uranium exploration projects in South Australia.

Peru Copper (AMEX: CUP) is involved in the acquisition and exploration of potentially mineable deposits of copper in Peru.

Petaquilla Minerals Ltd. (TSX: PTQ) is a Canadian based mineral company with major projects in Panama.

Phoenix Matachewan Mines Inc (TSX:PMM.V) Phoenix Matachewan Mines Limited is a Canadian based mineral exploration company active in the search for gold and base metal mineralization.

Pinetree Capital Ltd. (TSX:PNP.TO) Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector; Uranium, Oil & Gas, Molybdenum, Precious Metals, Potash and Rare Earths, and Base Metals.

Pinnacle Mines Ltd. (TSX.V: PNL) is a Canadian based mineral exploration and development company whose activities are international in scope. Its primary assets are located in both Canada and China. In Canada, Pinnacle holds several properties in Northwestern British Columbia, in proximity to numerous past and producing mines including Barrick Gold's famed Eskay Creek Mine. In China, Pinnacle's current focus is in Southeast Yunnan, an area being increasingly considered for its potential to host significant mineral resources including 'carlin' style gold deposits.

Pitchstone Exploration Ltd. (TSX.V: PXP) is an aggressive uranium exploration company with eight projects in the eastern Athabasca Basin, Saskatchewan, five projects in the Hornby Bay Basin, Nunavut and NWT, and an exploration partnership with Cameco and Motapa Diamonds in the Franceville Basin, Gabon.

Placer Dome (NYSE: PDG) is one of the world's largest gold mining companies, producing about 3 million ounces of gold annually at production costs that are among the lowest in the industry.

Platinum Group Metals Ltd. (PTM.TSX )(AMEX:PLG ) based in Vancouver BC, Canada and Johannesburg, South Africa. Platinum Group has a management team in both Canada and South Africa, which have successful track records of more than 20 years in exploration, mine discovery, mine construction and mine operations. The Company was formed in 2000 and is focused on the development of platinum operations. It holds significant mineral rights in the Northern and Western Bushveld Igneous Complex of South Africa and also a significant mineral rights holder in the area surrounding Canada's only primary platinum and palladium mine near Thunder Bay, Ontario Canada.

Plato Gold Corp. (TSX:PGC.V) Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX Venture Exchange. Plato has Canadian exploration projects in Northern Ontario, Northern Quebec and the Lolita Property in the province of Santa Cruz, Argentina.

Playfair Mining Inc. (TSX.V: PLY) is committed to the further development of its important and significant tungsten deposit on the south coast of Newfoundland. The company's key priority is to aggressively advance its 100-percent-owned Canadian tungsten deposit toward production.

Plexmar Resources Inc. (TSX:PLE.V) Plexmar is a junior company focused on precious metals in Peru and Ecuador

PMI Gold Corporation (TSX:PMV.V) PMI Gold Corporation is a junior gold exploration company PMI Gold which controls four previous operating gold mines on 746 square kilometres of leases and concessions located along the prolific Ashanti and Asankrangwa gold belts.

Polar Star Mining Corporation ( TSXV: POS ) was created to acquire advanced stage exploration properties focusing on gold, copper-gold and uranium. The geographic focus of Polar Star is Chile, where the company has approximately 118,000 hectares covering 19 properties. These 100% owned properties are in addition to the optioned Sonia-Puma properties where Polar Star can earn up to a 60% interest. In Canada, the Company has a option agreement with respect to the Todd Creek Property located near Stewart, BC, which consists of 12,222 hectares in which Polar Star can earn up to a 60% interest.

Polaris Metals NL (POL.AX) is a minerals exploration company focusing on projects prospective for gold and nickel. The majority of the projects are located in the Southern Cross region of WA.

PolyMet Mining Corp. (OTCBB: POMGF) is a mine development company whose principal asset is the NorthMet deposit in northeastern Minnesota, one of the world's largest undeveloped non-ferrous resources. The company is rapidly advancing development of Minnesota's first major base and precious metals mine through reactivating an idled taconite plant coupled with modern, environmentally friendly processing technology.

Portal Resources Ltd. (TSX.V: PDO) is a growth-oriented junior natural resource company focused primarily on the exploration and development of high potential gold/silver and copper-gold projects in Argentina and Chile. The Company's dual objectives are to identify relatively early stage mineral properties that have large discovery potential, and to acquire one or more advanced projects that with further development have good production potential.

POSCO (NYSE: PKX) engages in the manufacture and sale of a line of steel products, including hot rolled and cold rolled products, plates, wire rods, silicon steel sheets, and stainless steel products. Its other products include lower value-added semifinished products, such as pig iron, billets, blooms, and slabs.

Potash Corporation of Saskatchewan Inc. (PotashCorp) (NYSE:POT) Potash Corporation of Saskatchewan Inc. is the world's largest fertilizer enterprise producing the three primary plant nutrients and a leading supplier to three distinct market categories: agriculture, with the largest capacity in the world in potash, second largest in nitrogen and third largest in phosphate; animal nutrition, with the world's largest capacity in phosphate feed ingredients; and industrial chemicals, as the largest global producer of industrial nitrogen products and the world's largest capacity for production of purified industrial phosphoric acid.

Powertech Uranium Corp. (TSX.V: PWE) is a mineral exploration and development company that holds the Dewey Burdock Uranium Deposit in South Dakota, and the Dewey Terrace Exploration Project in Wyoming, and the Centennial Project in Colorado, USA.

Premier Gold Mines Ltd. (TSX:PG.TO) Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico.

Premium Exploration Inc. ( TSX:PEM.V) Premium Exploration, Inc. is a unique precious metals explorer focused on Mexico and the USA. Premium's portfolio holds Gold, Silver and Platinum Group Metals projects in various stages of exploration, from grassroots to near-term production

Prize Mining Corporation (TSX.V: PRZ) is exploring for Gold in the Atlin area of British Columbia, Canada and its Nickel-Copper-Palladium and Platinum project on the Muskox Layered Intrusion in Nunavut, Arctic Canada.

Probe Mines Limited (TSX.V: PRB) is a Canadian base and precious metal explorer led by an experienced management team. The Company has assembled a portfolio of quality projects, including the very active McFauld's Lake area base metal projects in Northern Ontario and the Bristol Township gold project in the Timmins West camp. In addition, Probe holds a gold production royalty on a portion of Agnico-Eagle's Goldex project in Val d'Or, Quebec, which is scheduled to commence production in 2008 and represents a potential revenue stream for the company.

Puma Exploration Inc. (TSX:PUM.V) Exploration Puma is concentrating its exploration activities in New Brunswick on its Nicholas-Denys mineral property, located near Bathurst. The Company believes it is in a position to define enough ore to start a mining operation with a target resource of three to five million tonnes.

Pure Diamonds Exploration Inc (TSX: PUG) formerly Pure Gold Minerals Inc. has been actively involved in diamond exploration throughout Canada for over 12 years. As a pioneer in diamond exploration in Alberta to an early participant in the exploration for diamonds in the Northwest Territories and Nunavut, Pure Diamonds has directly been involved in the discovery of over 50 kimberlites, the majority diamondiferous.

Purepoint Uranium Group Inc (TSX.V: PTU) is a uranium focused company with 100 percent ownership of 250,000 hectares in the Canadian Athabasca.

Pure Nickel Inc. (TSX: NIC) is a mineral exploration Company with multiple, advanced nickel sulphide and PGE projects in Canada and Alaska.

QGX LTD (TSX: QGX) is a Canadian-based company that has been exploring for mineral deposits in Mongolia since 1994. The Company holds a large area of exploration licenses throughout Mongolia. The Company's most advanced property is the Golden Hills prospect in western Mongolia.

QUADRA MINING LTD. (TSX:QUA ) British Columbia corporation based in Vancouver and is a mining company whose principal assets are the Robinson Mine in Nevada, producing copper and gold, the Carlota copper leach project under construction in Arizona, the Sierra Gorda advanced exploration copper-molybdenum project in Chile and the Malmbjerg molybdenum development project in Greenland. The Company has the goal of becoming a mid-tier base metals development and operating company with interests in a number of advanced exploration, development and producing properties.

Quaterra Resources Inc (TSX.V: QTA) is focused on advancing its four, highly prospective base and precious metals projects, each with the potential to host large mineral deposits. These outstanding prospects are located in Nieves, Mexico (silver/gold), Duke Island, SE Alaska (copper-nickel-PGE), Seward Peninsula, Alaska (VMS-Massive Sulphide) and Los Crestones, Mexico (gold/silver).

Queensland Minerals Ltd. (TSX:QML.V) Efforts have been focused on gold exploration, principally on epithermal and porphyry hosted styles of mineralization.

Queenstake Resources Ltd. (TSX: QRL) is a gold mining and exploration company based in Denver, Colorado. Its principal asset is the highly prospective 100-square mile Jerritt Canyon District in Nevada, which was acquired in June 2003. Jerritt Canyon's underground operations are among the best in the industry in terms of safe performance and productivity in tons mined per manhour and cost per ton mined.

Queenston Mining Inc (TSX: QMI) is engaged in the exploration for gold in Canada. Active exploration programs include the Kirkland Lake project in Ontario and Wood-Pandora project in Quebec. The Company has also recently formed a joint venture with Western Silver Corporation to explore a promising silver-zinc-lead-gold project in the Chihuahua area of Mexico.

Quincy Energy Corp. (TSX.V: QUI) is a US company which has acquired drill proven uranium resources in existing uranium mining camps in the United States and Canada, including the Crownpoint and Hosta Butte projects, located in McKinley County, New Mexico, the Hansen (Tallahassee Creek) project, located in Fremont County, Colorado, the Aurora project located in Malheur county, Oregon, the Horse Creek project located in Natrona County, Wyoming, the Arizona Pipes project located in Mohave and Coconino Counties, Arizona and the Elliot Lake project located in Buckles Township, Ontario.

Radisson Mining Resources Inc. (TSX:RDS.V) A publicly traded mining exploration company involved in the acquisition, exploration and development of mineral projects. The projects are located in North-western Quebec and North-western Ontario.

Radius Gold Inc. (TSX:RDU.V) Radius Gold is a well-funded, Canadian junior gold explorer with a portfolio of exploration properties in Mexico, Nicaragua, Guatemala, Ecuador and Peru

Rainy River Resources Ltd. (TSX.V: RR) is a junior exploration company that trades on the TSX-V venture exchange under the symbol RR. The Company's experienced exploration team has over 200 years of combined gold exploration experience, and ranks among the best in the Canadian mining industry. Our mandate and focus is to search for large scale gold deposits using the latest techniques primarily in Archean-age Precambrian rocks of the Superior Province located mainly in central Canada.

Rambler Metals and Mining plc (TSX.V:RAB ) Its principal project is the Rambler copper-gold property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada, which is at the delineation drilling stage. Rambler acquired the property from Altius Minerals Corporation in exchange for ordinary shares during 2005.The Rambler property contains the former producing Ming and Ming West copper-gold mines. The Ming Mine last operated in 1982 and the Ming West Mine in 1996. Mining of the Ming Mine ceased when workings reached a neighbouring property boundary. Rambler Metals and Mines acquired the property after it had been successfully consolidated.

Rampart Ventures Ltd. (TSX.V: RPT) has a team with a long history of successful exploration for unconformity-style uranium deposits in the Athabasca Basin and elsewhere. Now Rampart has two prospective projects in the Athabasca Basin, the 100%-owned Richards Lake Property and the Miller Creek Property. Together they total approximately 86,920 acres. In northern Ontario, Rampart is actively drilling on its prospective 165,000 acre Sibley Basin Project for unconformity-style uranium deposits.

Randgold Resources Ltd (NASDAQ: GOLD) incorporated in August 1995, is engaged in surface gold mining, exploration and related activities. Its activities are focused on West Africa. The Company has discovered the seven million-ounce Morila deposit in southern Mali, the 1.5 million-ounce Yalea Deposit in western Mali and the three million-ounce Tongon deposit in the Cote d'Ivoire. The Company developed the Morila deposit into a high-margin gold mines that, in 2002, produced just over one million ounces. Randgold has advanced feasibility projects at Loulo in Mali and Tongon in Cote d'Ivoire. In addition, it has a portfolio of prospective exploration projects in Mali, Cote d'Ivoire, Senegal and Tanzania.

Range Resources Limited (RRS.AX) is a minerals exploration company with projects in Western Australia and Peru. The company is mainly focused on the exploration for gold and nickel at Donnybrook and Forrestania projects and on exploration for uranium in Peru.

Rare Earth Metals Corp. (TSX.V: REM) is acquiring, exploration and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company's other projects include the Lynn Lake Gabbros nickel-copper properties in Lynn Lake Nickel Belt, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All properties are located in the mining friendly province of Manitoba, Canada.

Rare Element Resources Ltd. (TSX:RES.V) is a publicly traded mineral-resource company focused on gold and strategic metals such as the rare-earth elements.

Raven Gold Corp. (OTCBB: RVNG) is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low cost gold producer.

Red Back Mining Inc. (TSX:RBI.TO) Red Back is an unhedged African focused gold producer. It owns and operates the Chirano Gold Mine in Ghana (90% interest) and the Tasiast Gold Mine in Mauritania (100% owned). Major plant expansions at both Chirano and Tasiast are advanced. Aggressive exploration programs aimed at increasing the Company's resource and reserve base at both Chirano and Tasiast are continuing.

Red Dragon Resources Corp. (TSX.V: DRA) is a diversified mining company engaged in the identification, acquisition and exploration of mineral properties with potential for world-class mineral deposits in Canada and China. Red Dragon is led by an experienced board of directors comprised of mining industry professionals with a successful track record of mineral resource discovery, development and production.

Red Hill Energy Inc. (TSX.V: RH) is a junior resource company. In addition to developing the 208.8 million tonne Ulaan Ovoo Coal Project in northern Mongolia Red Hill is also developing the Chandgana Tal Coal Project in Eastern Mongolia and has 14 uranium properties and several gold and copper exploration projects located throughout Mongolia. Red Hill has a strategic alliance with Mega Uranium Ltd. to jointly develop its uranium assets and has a full time office in Mongolia's capital, Ulaanbaatar

Red Lake Resources (TSX.V: RL) is an exploration company focusing on acquiring and exploring mineral properties in North America. The Company currently has two gold properties in the Birch-Uchi area of Northwestern Ontario, gold and copper properties on Vancouver Island, and four porphyry copper-molybdenum-gold-silver properties located in the Howe Sound area of British Columbia.

Redhawk Resources, Inc. (TSX:RDK.V) Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona.

Redport Limited (RPT.AX) is a uranium and gold exploration company. Current focus is on the Lake Maitland JV in WA.

Redstar Gold Corp. (TSX:RGC.V) Redstar Gold Corp. is a Vancouver-based company focused on gold exploration in Nevada and Red Lake, Ontario

Reefton Mining NL (RTM.AX) is a minerals exploration company with interests in Namibia and Western Australia. The company's main focus is on the evaluation and exploration of the Skeleton Coast Diamond Project in Namibia.

Regent Ventures (TSX:REV.V) Regent Venture’s Owyhee project is located in the Cope Mining District in Northern Elko County, Nevada, half mile from Mountain City, Nevada. 

Reservoir Capital Corp. (TSX:REO.V) Reservoir Capital Corp. is a Belgrade-based company with a mandate to acquire undeveloped natural resource opportunities in Serbia and Southeast Europe. The Company currently holds nine precious and base metal exploration licenses and has applied for 48MW of run-of-river hydroelectric licenses in Serbia.

Resource Finance & Investment Ltd. (OTCBB: RFIVF) is engaged in the business of acquiring, exploring and developing natural resource properties. RFI's objectives are to create large carried interests in world class precious metal and base metal deposits, and to control and develop value-added specialty mineral projects.

Ressources Appalaches Inc. (TSX:APP.V) Ressources Appalaches is a mineral-exploration company with gold and base-metal projects in Quebec and Nova Scotia.

Ressources d'Arianne inc. (TSX:DAR.V) Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold and uranium deposits in Canada and Mexico.

Ressources Majescor (TSX:MAJ.V) Majescor is a dedicated uranium explorer focusing on emerging uranium districts. Majescor's project portfolio includes two uranium exploration projects in Quebec and one in the Baker Lake basin in Nunavut.

Ressources SIRIOS Inc. (TSX:SOI.V) Aims to discover world-class gold or base metals deposits in the James Bay region of Eastern Canada.

Reunion Gold Corp (TSX:RGD.V) An early stage exploration company focused on acquiring and exploring projects in the Guiana Shield in South America.

Revett Minerals Inc. (TSX.RVM.TO) Through its subsidiaries, owns and operates the Troy Mine, and the development stage Rock Creek Project, both of which are located in northwestern Montana, USA. These projects host significant copper and silver mineral reserves.

Richfield Ventures Corp. (TSX:RVC.V) Richfield has been actively acquiring and exploring mineral tenures in the Quesnel Trough region of British Columbia over the last three years and holds a 100% interest in mineral tenures in the Quesnel Trough covering approximately 160,000 acres

Richmond Minerals Inc. (TSX.V: RMD) is a junior exploration company.

Richmont Mines, Inc. (AMEX: RIC) is principally engaged in the acquisition, exploration, financing, development and operation of mineral properties. Exploration activities at its Beaufor Mine, in 2002, increased reserves by approximately 65,000 ounces of gold. The Company's Camflo Mill was designed to treat gold ore using the traditional process of direct cyanidation. The Francoeur Mine is part of the Francoeur property, which is held under three mining leases, three mining concessions and six mining claims, for a total area of 364 hectares. The Company's Hammerdown Mine includes claims block 3498 and mining lease 153, covering an area of 96 hectares. Richmont owns, or holds interests in, additional mining properties at various stages of exploration.

Richview Resources Inc. (TSX.V: RVR) is conducting exploration and participating in joint ventures for base metal and gold. Richview's primary property is the copper/nickel Thierry Mine property near Pickle Lake, Ontario.

Rimfire Minerals Corporation (TSX.V: RFM) is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and silver properties in western North America. Rimfire is partnered with Newmont Mining Company, Northgate Minerals Corporation, Fronteer Development Group, Cangold Limited, American Creek Resources Ltd., McEwen Capital Corporation, Arcus Development Group Inc. and BWG Mining.

Rio Fortuna Exploration Corp (TSX.V: RFT) is a Canadian based “pure-gold” exploration company with a portfolio of projects that have significant gold potential. Property acquisitions have been focused on two prolific gold producing geologic provinces, Nevada and Ontario.

Rio Narcea (TSX: RNG; AMEX: RNO) is a growth-oriented, diversified mining company with operating mines, development projects and advanced exploration projects in Europe and Africa. The Company operates the El Valle and Carlés gold mines and is in the final stages of commissioning the Aguablanca nickel-copper-platinum group metals (PGM) mine in Spain.

Rio Tinto plc (NYSE: RTP) engages in the exploration, mining, and processing of mineral resources. It supplies minerals and metals, which include aluminium, copper, and diamonds energy products, gold, industrial minerals, and iron ore. Rio Tinto is based in London.

Riverside Resources Inc. (TSX:RRI.V) Will operate under a joint-venture, shared-risk business model that capitalizes on the company's technical knowledge and its vast experience in the field. The company will acquire quality projects that have clear title and solid potential for discoveries.

Riverstone Resources Inc. (TSX:RVS.V) Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of high quality exploration permits covering 3,500 square kilometres.

RJK Explorations Ltd. (TSX:RJX-A.V) Canadian mineral exploration company aggressively exploring a number of Canadian mineral properties with the intention of discovering economic mineral deposits.

RNC Gold Inc. (TSX: RNC) is a gold mining company focused on projects in the Caribbean basin. From its current production capacity base of 100,000 ounces of gold, RNC is positioned for growth through operational efficiencies, exploration potential at its present properties, through construction of new mines and the acquisition of new projects. The company's main assets include the La Libertad and Bonanza mines in Nicaragua, the Cerro Quema project in Panama and the Picachos and Tango exploration properties in Mexico as well as the option to acquire 25% of the San Andres mine in Honduras.

Robex Resources (TSX.V: RBX) is a Canadian mining exploration and development company focusing on Mali, West Africa. Mali is currently the 4th most important gold producing country in Africa. Robex' permanent exploration office is located in Mali, and is operated by senior geologists with an extensive experience in West African mining exploration.

Rocher Deboule Minerals Corp. (NEX: RD.H)(OTCPK:RDBHF) is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.

Roca Mines Inc. (TSX:ROK.V) ROCA Mines Inc. is focused on the outstanding mineral exploration and development potential located within British Columbia (BC), Canada. Roca's primary asset is the MAX Molybdenum Mine, the first new, primary molybdenum mine in Canada and British Columbia's first new metal mine in over a decade.

Rocky Mountain Minerals Inc. (OTCBB: RMMI) has been involved in the exploration and development of natural resources since 1978. The company has recently acquired a significant oil and gas position in the oil-prone Carnarvon Basin offshore Western Australia. This exploration project is referred to as the Exmouth Joint Venture.

Rodinia Minerals (TSX.V: RM) is a junior resource company well positioned to take advantage of the opportunities in uranium exploration and development world-wide. Rodinia’s current focus is on the expansion of the Workman Creek deposit and the development of the numerous areas of interest that have been recently staked by the Company.

Rochester Resources Ltd. (TSX. V RCT - OTCBB:RCTFF) -represents a pure-play in the exploration and development of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental range. This is the largest epithermal precious metal region in the world, hosting a majority of Mexico's large tonnage gold and silver deposits.

Rocmec Mining Inc. (TSX.V-RMI) is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy places it as the partner of choice for the development of narrow high-grade precious metal quartz vein projects. The company's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. The acquisition, exploration and mining development at the recently acquired Rocmec 1 (Russian Kid) property subscribe to this objective.

Romarco Minerals Inc. (TSX.V: R) is an advanced stage exploration company focused on acquiring quality assets in the precious metals sector, primarily in North and South America. Romarco's strategic objective is to focus on geologically known areas of gold mineralization and to identify and acquire assets at various stages of development that will give our shareholders significant leverage in the gold sector. Romarco is owned 65% by US and Canadian institutional investors. Insiders own an additional 7%. Red 5, an Australian Gold Company, owns approximately 7%. Romarco, a US registrant and has recently filed a 20-F for US disclosure purposes. Romarco currently has five projects in its portfolio that exhibit exceptional discovery potential for high grade bonanza gold and silver vein systems or Carlin-type gold deposits - 4 in Nevada, USA and 1 in Peru, South America. Romarco is currently drilling its Buckskin-National Project in Nevada.

Romios Gold Resources Inc. (TSX:RG.V) Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper.

Ross River Minerals Inc. (TSX.V: RRM) is a junior resource company engaged in the acquisition, exploration and development of gold and copper-gold properties principally in the Yukon Territory, Alaska and Mexico. The Company's projects include the 8,600 hectare Tay-LP gold property located in the Yukon and the 20,321 hectare El Pulpo copper-gold property located in Sinaloa State, Mexico. Management is currently evaluating other mineral properties in Mexico and within the Tintina Gold Belt - Yukon and Alaska, that have the potential to host world-class mineral deposits.

Royal Gold, Inc. (NASDAQ: RGLD) is engaged in the acquisition and management of precious metals royalty interests. Royalty revenue is generated from mining operations in the United States and Argentina. The Company seeks to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. Royal Gold also explores and develops properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies.

Royal Roads Corp. (TSX.V: RRO) is engaged in the exploration of mineral properties in south-central Newfoundland. It owns 100% of the Tulks North Property, hosting the Daniels Pond zinc, lead and silver deposit. In addition, Royal Roads owns 34% of Buchans River Ltd. (“ Buchans River”), which owns 100% of the Buchans Property, comprising 512 mineral claims at the renowned Buchans base metal camp in Newfoundland.

RTI International Metals Inc. (NYSE: RTI), headquartered in Niles, Ohio, is one of the world's largest producers of titanium. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications for customers around the world.

Rubicon Minerals Corporation (TSX:RMX.TO) Rubicon Minerals Corporation is a well-funded exploration company, focusing on exploring for gold in politically safe jurisdictions with high geological potential.

Ruby Red Resources Inc. (TSX:RRX.V) Ruby Red was formed to participate in the acquisition, exploration and development of mineral claims in the Fort Steele Mining Division of British Columbia for the purpose of exploring for precious and base metals. Ruby Red holds 100% working interests in 144 mineral claims (approximately 44,000 hectares), all located within 80 kilometres of Cranbrook, B.C. in the Purcell and Rocky Mountains

Running Fox Resource Corp(TSX.V: RUN; OTC.PK: RFXRF) is a Vancouver, Canada based resource exploration company which is developing the Brett Project in British Columbia, Canada.

Rupert Resources Inc (TSX:RUP.V) Canadian based Gold exploration company. Rupert holds a 100% interest in the Gold Centre property, which has the distinction of being one of the best positioned exploration land packages within the entire Red Lake gold mining camp.

Rye Patch Gold Corp. (TSX:RPM.V) Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource assets in the mining friendly state of Nevada, USA.

Sabina Silver Corporation (TSX.V: SBB) is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District, and several projects in the Red Lake gold camp.

Sacre-Couer Minerals Ltd. (TSX.V: SCM) is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, initially focussing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 850 square miles of mineral properties in Guyana, including the Million Mountain Property. The Company has offices in Vancouver, Canada and Georgetown, Guyana.

Sage Gold Inc (SAGE: CNQ) (formerly Sahalian Goldfields) is a mineral exploration company focused on exploring and developing properties with the potential to host world class gold deposits in the Americas. The Company is currently engaged in the exploration of six mineral properties situated in Nevada.

Salazar Resources Ltd. (TSX.V: SRL) is a mineral resource company engaged in the exploration and development of new highly prospective areas of Ecuador.

Samex Mining Corp. (TSX:SXG.V) Exploring the Andean Cordillera of Chile & Bolivia for rich deposits of gold, silver, copper, molybdenum & zinc.

San Anton Resource Corporation (TSX: SNN) has a 51% interest in the San Anton gold/silver (+copper) Property in central Mexico. The remaining 49% interest is held by Goldcorp Inc.

SAN GOLD CORPORATION (TSX.V: SGR) holds a key stake in the Rice Lake Greenstone Belt, and is well-positioned to explore and develop the gold resources in the region. It controls 15 km of mine horizon, containing the Bissett Mine and 3 deposits (SG #1, 2,and 3). In addition, it holds 7000 hectares of exploration property in the Belt, and has the ability to expand its holdings. The Rice Lake Greenstone Belt is geologically similar to the Red Lake Camp, one of Canada's richest and most extensive gold deposits.

Sanatana Diamonds Inc (TSX.V:STA; AIM:SAN) is focused on the exploration of its Mackenzie Diamond Project, comprised of approximately 5.9 million acres of ground under claims and permits, located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife in the Northwest Territories of Canada. The Sanatana Mackenzie project is a joint venture between Kennecott Canada Exploration Inc. and Sanatana Diamonds Inc., where Sanatana operates and Kennecott has a contributing 15%, interest. As part of the joint venture arrangement Kennecott has made available one of their project geologists and a geophysicist from their pool of experienced staff.

Santa Fe Gold Corporation (OTCBB:SFEG) Santa Fe Gold Corp is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties.

Santoy Resources Ltd. (TSX.V: SAN) is a Canadian mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in British Columbia, Saskatchewan, Manitoba, Central Mineral Belt of Labrador, the United States and Central America; and on coal and coal bed methane in Western Canada.

Savant Explorations Ltd. (TSX:SVT.V) Canadian based mineral exploration company head quartered in Vancouver, Canada. Savant has interests in mineral properties located in Nunavut, Chile, California and Ontario.

Scandinavian Minerals Limited (TSX: SGL; FWB: W3M) is a Canadian public company based in Toronto, Canada and incorporated in 2003. The Company is focused on the exploration and development of precious and base metals properties in Scandinavia and Finland. Scandinavian Minerals is currently developing one of Finland's largest mineral discoveries, the Kevitsa nickel-copper-PGE (platinum group elements) project, which is 100% owned by the Company.

Schnitzer Steel Industries, Inc. (NasdaqNM:SCHN) Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 39 operating facilities located in 12 states throughout the country, including six export facilities located on both the East and West Coasts and in Hawaii. The Company's vertically integrated operating platform also includes its auto parts and steel manufacturing businesses.

Scimitar Resources Limited (SIM.AX) is a mineral exploration company seeking to exploit proven gold and base metal provinces. SIM main focus is the Bardoc Tectonic Zone Project.

Scorpio Gold Corporation (TSX:SPM.TO) Emerging silver company focused on high-value metal projects and near-term production potential.

Sea Green Capital Corp. (TSX.V: SGS) is a junior exploration company focused on gold and base metal prospects in Ontario and Quebec.

Seabridge Gold Inc (AMEX: SA) is a Canadian company engaged in acquiring, exploring and developing gold and mineral properties in North America. It has nine projects: the Courageous Lake Project, which includes an unexplored gold deposit with gold resources of 3,200,000 ounces in the measured and indicated categories and 4,300,000 ounces in the inferred category; the Sulphurets Project, with a gold resource of 3,400,000 ounces; the Grassy Mountain Project, which has the potential for 90,000-ounce annual gold production; the Red Mountain Project, which includes a 500,000-ounce high-grade gold deposit; the Kerr Project, with a gold resource of 3,400,000 ounces; the Quartz Mountain Project, which contains a 2,700,000-ounce gold deposit; the Castle-Black Rock Project, with a gold resource of 300,000 ounces; the Hog Ranch Project, which has potential for a high-grade gold underground deposit, and the Thunder Mountain Project, which includes a bonanza-style epithermal gold and silver deposit.

SearchGold Resources (TSX.V: RSG) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold and diamond deposits in Africa and in Canada.

Sego Resources Inc. (TSX:SGZ.V) Sego Resources Inc.’s primary project is the Miner Mountain Project a Copper Gold Porphyry Project near Princeton, BC, 15 kilometres north of Copper Mountain Mining Corporation’s former copper producer, (closed 1996) that is now planning to re-start production in 2010 following its recent favourable feasibility study. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band with whom Sego has an MOU. The Miner Mountain property is 2400 hectares in size.

Selwyn Resources Ltd. (TSX.V: SWN) is a Canadian base-precious metals exploration and development company. The company's core project is the World class Selwyn Project, located in eastern Yukon.

Semafo Inc (TSX: SMF) is a mining company whose mission is to explore, develop and mine major gold deposits in West Africa. Semafo currently operates the Kiniero mine in Guinea, the Samira Hill mine in Niger and is developing the Mana project in Burkina Faso.

Senator Minerals Inc. (TSX:SNR.V) Intends to participate in the upside that comes from exploration success while mitigating exploration risk by maintaining a diverse portfolio of property interests in North America. 

Serengeti Resources Inc. (TSX:SIR.V) Vancouver based junior exploration company focused on exploration for copper (Cu), gold (Au) and molybdenum (Mo) deposits in the Quesnel Trough, Northern British Columbia -- the largest copper-gold porphyry belt in Canada.

Shear Minerals (TSX:SRM.V) Shear is a Canadian-based exploration company focused on diamond exploration in the Canadian North, where it explores in established diamond districts and has discovered new ones.

Sherritt International Corporation (TSX:S.TO) Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies.

Sherwood Copper Corporation Ti (TSX.V: SWC) through its acquisition of the Minto project, provides investors exposure to near-term production from a permitted, partially constructed, high-grade, open-pit copper-gold project located in Canada with sound infrastructure and substantial exploration upside.

Shiloh Industries, Inc. (NasdaqGM:SHLO) Shiloh Industries is a leading manufacturer of first operation blanks, engineered welded blanks, complex stampings and modular assemblies for the automotive and heavy truck industries.

Shore Gold Inc. (TSX:SGF.TO) A Canadian natural resource exploration and development company currently advancing the Falc JV and Star Diamond Project in Central Saskatchewan.

Shoreham Resources Ltd. (TSX:SMH.V) Canadian based exploration company currently focused on exploration and development of precious metal and polymetallic deposits in South America and Canada.

Silver Dragon Resources Inc. (OTCBB:SDRG ) Silver Dragon Resources Inc is a mining company focused on the acquisition, exploration, development and operation of silver mines in proven silver districts in China and Mexico. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, and/or producing properties with significant untapped exploration potential.

Silver Eagle Mines Inc. (TSX:SEG.TO) Canadian-based silver exploration and development company focused on acquiring, exploring

Silver Grail Resources Ltd. (TSX:SVG.V) Exploring the Silver-Rich Stewart Region of Northwestern British Columbia, Canada

Silver Quest Resources Ltd. (TSX.V: SQI) is an established Canadian junior exploration company with a focus on silver and gold projects, with ten mineral properties in B.C., Ontario, Yukon, Nevada USA and Sonora, Mexico.

Silver Spruce Resources Inc. (TSX.V: SSE) is a junior mining exploration company primarily focused on uranium in the CMB of Labrador, Canada. With over 5,000 claims totaling more than 1,250 square kilometres, Silver Spruce is the second largest land holder in one of the world's premier emerging uranium districts.

Silver Standard Resources Inc. (NASDAQ: SSRI) controls the world's largest published in-ground silver resources of any publicly-traded silver company, with a portfolio of properties in Argentina, Mexico, Chile, Peru, Canada, the United States and Australia.

Silver Wheaton Corp. (NYSE: SLW) is the largest public mining company with 100% of its operating revenue from silver production.

Silverado Gold Mines Ltd (OTCBB: SLGLF) is engaged in the acquisition, exploration and development of mineral properties in the State of Alaska.

Silvercorp Metals Inc. (TSX.V: SVM) is engaged in the acquisition, exploration, and mining of mineral properties in China.

Silvercrest Mines Inc. (TSX.V: SVL) is a "pure silver" exploration and development company with a portfolio of high grade silver deposits and exploration properties located in El Salvador and Mexico. This property portfolio, which includes reported indicated and inferred silver resources and substantial exploration potential, provides an important base from which SilverCrest can develop its corporate objective of becoming a significant silver asset based company. The Company's immediate initiative is to acquire and develop substantial silver resources and ultimately to operate high grade silver mines throughout North, Central and South America.

Silvermex Resources Ltd. (TSX:SMR.V) Canadian listed junior resource company focused on early to advanced stage silver exploration projects in Mexico.

Silverstone Resource Corp. (TSX:SST.V) A growth-oriented silver mining company with 100% of its revenue from silver production. Silverstone's integrated growth model of pursuing silver by-product streams and exploration projects is unique in the industry providing the growth opportunity of a silver royalty and an exploration company.

Simberi Mining Coporation (TSX.V: SAU) is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The company's main exploration project is the Kakanda Project. Simberi is also involved in several joint venture projects in Western Australia.

Sinchao Metals Corp (TSX:SMZ.V) Focused on the exploration and development of the Sinchao property, located in Cajamarca province in Northern Peru, 30 kilometers from Yanacocha, the largest gold mine in South America.

Skygold Ventures Ltd. (TSX:SKV.V) While exploring its Spanish Mountain Property in south-central British Columbia has made one of the most important gold discoveries in recent provincial history sparking the largest staking rush ever recorded in the province.

Skyharbour Resources Ltd (TSX:SYH.V) Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada

Skyline Gold Corporation (TSX.V: SK) is a junior resource company engaged in the business of exploring for, with the ultimate goal of developing and producing, precious and/or base metals from its properties located in northwestern British Columbia. Skyline owns the Bronson Slope porphyry gold, copper, silver and molybdenum deposit and the Johnny Mountain high-grade gold properties located in northwestern British Columbia, in the heart of an area known as the Golden Triangle. Skyline's Iskut property consists of a total area of 4400 hectares in the Liard Mining Division.

Slam Exploration Ltd. (TSX:SXL.V) Fast-growing mineral resource company with significant interests in both base and precious metal properties in Canada. The Company targets undervalued or overlooked properties with proven ore-grade potential in close proximity to existing active properties.

Snowfield Development Corp (TSX.V: SNO) focused on the acquisition, exploration and development of resource properties. The Company is active in diamond and gold exploration and development in a number of areas.

SNS Silver Corp. (TSX:SNS.V) An exploration mining company, whose primary asset is the 100% owned Crescent Mine located in Kellogg, Idaho - one of the largest silver districts in North America with over one billion ounces of silver produced.

Soho Resources Corp. (TSX.V: SOH) is a Canadian junior mining and exploration company with a strategic focus on gold and precious metals. The company's focus is on the Tahuehueto Project, located in the northwest corner of Durango State, Mexico.

SOLA Resource Corp.- (TSX.V: SL) actively exploring a known bedrock diamond deposit in Brazil (the Carolina Kimberlite pipe), as well as exploring for other occurrences of diamonds.

Solex Resources Corp. (TSX.V: SOX) is a development stage mineral Exploration Company engaged in the acquisition and exploration of uranium and base metals properties in Peru. Solex is the largest concession holder in the Macusani Uranium District in S.E. Peru. The Macusani East Project is a joint venture with Frontier Pacific Mining Corporation which has the right to earn a 50% interest in the project after spending $4 million over a five year period. Solex is also exploring its 100% owned Pilunani (lead-zinc), Princesa (silver-lead-zinc), Macusani West (uranium) and Cullquimayo (copper-silver-uranium) properties.

Solitaire Minerals Corp. (TSX.V: SLT) is a diversified junior Canadian mineral exploration company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, Alberta, and the North West Territories.

Solomon Resources Limited (TSX.V: SRB) is a Canadian public company focused on the acquisition, exploration and development of gold mineral properties worldwide. Solomon is managed by a strong team of mineral explorers credited with the discovery of a number of significant deposits in western Canada, including the Eskay Creek mine, the Snip mine and the Brewery Creek mine.

Soltera Mining Corp. (OTCPK:SLTA) Soltera Mining Corp. is an exploration stage mining company dedicated to increasing shareholder value through the acquisition of world-class mining properties. The company has leading individuals from the mining industry placed in key management and advisory positions. Soltera is focused on the development of its flagship El Torno gold property in Argentina - a uniquely prospective property since it contains a 14km long near-surface gold-quartz vein, with previous work by a major (Penoles of Mexico) indicating a 2 million oz. deposit on just 2km of this vein (non-NR43-101 compliant).

Soltoro (TSX V: SOL) is a junior exploration company active in Mexico with 20,115,000 shares outstanding. The Company is exploring for bulk tonnage gold, silver and copper deposits in Mexico.

Songzai International Holding Group Inc. , (SGZH.OB) Songzai is a coal producer and reseller based in China. The company distributes coal to both industrial customers, such as power plants and cement factories, and to individual consumers for home heating.

South American Silver Corp. (TSX:SAC.TO) SASC is a mineral exploration company that acquires, explores and develops mineral properties, primarily silver, gold and copper in South America.

Southern Copper Corp. (NYSE:PCU) Southern Copper Corporation produces copper, molybdenum, zinc, and silver. It engages in mining, milling, and flotation of copper ore to produce copper concentrates and molybdenum concentrates; the smelting of copper concentrates to produce anode and blister copper; and the refining of blister/anode copper to produce copper cathodes.

Southern Gold Limited (SAU.AX) is a gold, copper and nickel mining and exploration company. It has projects in the Gawler Craton region of South Australia, the Eastern Goldfields of Western Australia and the Lachlan Fold Belt in New South Wales. The company's primary focus is on the exploration and development of mineral deposits in the Gawler Craton.

Southern Peru Copper Corp. (NYSE: PCU) engages in the production and sale of copper. The company is involved in the mining of open pit mines; milling and flotation of copper ore to produce copper concentrates; the smelting of copper concentrates to produce blister copper; and the refining of blister copper to produce copper cathodes. It also produces various metals, including molybdenum, silver, and other metals as by-products. Southern Peru Copper operates the Toquepala and Cuajone open pit mines in the Andes, Peru; and Cananea mine and La Caridad mine in northern Mexico.

Southern Silver Exploration Corp (TSX.V: SSV) is engaged in the acquisition, exploration and development of high-grade precious/base metals properties.

Southwestern Resources Corp (SWG.TO) is a Vancouver-based mineral exploration company engaged in the identification, acquisition, evaluation and exploration of gold, silver and base metals mineral properties. The Company has a number of significant projects, including the Liam gold-silver project in Peru with Newmont Peru Limited. Southwestern is a reporting issuer in British Columbia, Alberta, Manitoba, and Ontario and trades on the Toronto Stock Exchange under the symbol SWG.

Sparton Resources Inc. (TSX.V: SRI) is a diversified mineral and energy royalty company which has been an active participant in the Canadian junior resource sector for over 20 years. Sparton focuses on the acquisition and development of projects and properties with readily identifiable mineral occurrences that require either advanced exploration or technical research and development to bring them to a higher level of in-situ value.

St. Andrew Goldfields Ltd. (TSX:SAS.TO) St Andrew is a gold mining and exploration company with operations in Timmins, Ontario and Alaska. St Andrew owns a large land position in the Timmins Mining Camp, an extensive land position at Eskay Creek in northern British Columbia and land positions around Nixon Fork Gold Mine in the Kuskokwim-Tintina Mining Camp in Alaska.

St. Elias Mines (TSX:SLI.V) St. Elias is a mineral exploration company listed on the TSX Venture Exchange and owns interests in properties located in Peru, Portugal and Canada

St. Jude Resources Ltd (TSX.V: SJD) is a leading West African explorer focused on the discovery and development of gold deposits that are amenable to low cost mining techniques. The company's projects cover over 2,900 sq. km. or 716,605 acres of West Africa's most productive gold region.

Standard Uranium Inc. (TSX.V: URN) is focused on the acquisition and development of historically identified uranium assets in countries with favorable geology and mining environment.

Star Uranium Corp. (TSX.V: SUV) is a Canadian based resource company focused in the strategic acquisition and development of uranium, diamond and precious metal properties on a worldwide basis. Since 1985, the Company's strategy has been to acquire quality uranium, diamond and base metal properties in the Athabasca Basin of Saskatchewan, Canada as well as various areas of Alberta.

Starcore International Ventures Ltd (TSX.V: SAM) is an Emerging Silver Producer focused on high value and near term production opportunities throughout North America.

Starfield Resources Inc. (TSX.V: SRU; OTCBB: SRFDF) is focused on exploration and development of its 100% owned 57,000 Acre Ferguson Lake Palladium-Platinum-Nickel- Copper-Cobalt property located in Nunavut Territory, Canada.

Starfire Minerals Inc. (TSX.V: SFR) is a professionally managed exploration company based in Vancouver British Columbia. Starfire is listed on the TSX Venture Exchange (TSX-V: SFR) and the Frankfurt Exchange (WKN 784574). Starfire's focus is the exploration of prospects for uranium, nickel and gold/base metals in Quebec, Ontario and British Columbia.

Steel Dynamics, Inc. (NasdaqNM:STLD) Steel Dynamics, Inc., together with its subsidiaries, engages in the manufacture and sale of steel products in the United States. It operates in three segments: Steel Operations, Fabrication Operations, and Steel Scrap and Scrap Substitute Operations.

Stellar Resources Limited (SRZ.AX) was originally incorporated as a wholly owned subsidiary of Gravity Diamonds Limited (formerly Gravity Capital Ltd). Gravity transferred to Stellar its economic interests in all of its non-diamond exploration properties and joint ventures and seeded Stellar with $5m prior to listing. SRZ has projects in New South Wales, South Australia, Victoria and Tasmania.

Sterling Mining Company (OTC.PK: SRLM.PK) controls the legendary Sunshine Mine, the richest silver mine in American history with more than 360 million ounces of production over the past century. Sterling offers investors superior leverage to silver price increases through its extensive portfolio of " Silver Valley" landholdings in Idaho and through strategic alliances and equity stakes in neighboring companies. The Company also holds several advanced properties in Mexico, including the Baroness Tailings Project in the Zacatecas silver district, which is in production.

Stikine Gold Corp (TSX:SKY.V) Stikine Gold Corporationis a publicly listed mineral exploration company with projects located in British Columbia and Saskatchewan.

Stillwater Mining Company (NYSE: SWC) is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia.

Stornoway Diamond Corporation (TSX: SWY) is one of Canada's leading diamond exploration and development companies. The Company and its affiliates have been responsible for discovering over 150 kimberlites and six new Canadian diamond districts.

Stratabound Minerals Corporation (TSX.V: SB) is a Canadian junior mining and exploration company currently exploring for precious and base metals in several areas of New Brunswick, in two mineral-rich regions of northern Quebec, and in Ontario.

StrataGold Corporation (TSX.V: SGV) is a mineral exploration company engaged in the acquisition, exploration and development of gold properties in the Yukon, Canada and Guyana, South America. In addition, StrataGold is exploring the Hyland Gold Project in the Yukon through a joint venture with Northgate Minerals Corporation.

Strateco Resources Inc. (TSX.V: RSC) is a mining exploration company characterized by its diversified portfolio of properties and its highly experienced management team.

Strategic Metals Ltd. (TSC.V: SMD) is a well-funded junior mining company specializing in generative exploration in northwestern Canada.

Strategic Minerals Corporation NL (SMC.AX) is a gold and mineral sand development and exploration company. SMC's primary focus is on the exploration of the Woolgar Gold Project in Queensland.

Strategic Resource Acquisition Corporation (Toronto:SRZ.TO) primary focus to restart the Company’s 100% owned Mid Tennessee Zinc Mine and Mill Complex (“MTZ”) at Gordonsville, Tennessee.

Strathmore Minerals Corp (TSX.V: STM) is a Canadian based company specializing in the strategic acquisition, exploration and development of uranium properties worldwide.

Strongbow Exploration Inc. (TSX.V: SBW) is a Canadian exploration company engaged in the search for economic mineral deposits in Canada. With an interest in mineral properties that are prospective for gold, base metals, diamonds and uranium, the Company's goal is to provide investors with leveraged exposure to Canada's highest profile exploration plays.

Stroud Resources Ltd. (TSX.V: SDR) is focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud's assets include 100% interests in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in four natural gas, and natural gas condensate wells in central Alberta.

Sulliden Exploration Inc. (TSX: SUE) is a mineral exploration company focused on the development of precious mineral interests in Peru, including the Shahuindo project located 25 km north of Lagunas Norte and 70 km south of the Yanacocha district. An option interest to acquire 66% of an adjacent 1,900 hectares known as the Vikingo concessions brings the Company's land holdings in this exciting gold district to almost 10,000 hectares. In addition, Sulliden through a subsidiary has an option agreement to earn a 50% interest in the Torrine gold project with Aruntani SAC and affiliates in southern Peru.

Sultan Minerals Inc. (TSX:SUL.V) A gold, silver and base metals exploration company with a portfolio of mineral properties.

Summit Resources Limited (SMM.AX) is a base metals exploration company with projects in the Mt Isa region, located northwest Queensland.

Sunridge Gold Corp (TSX:SGC.V) Sunridge is a mineral exploration Company focused on the acquisition, exploration, discovery and development of base and precious metal projects. The company is currently conducting exploration on the Asmara Project in Eritrea.

Superior Essex Inc. (OTCPK:SPXHP) Superior Essex is a global leader in the design, manufacture and supply of wire and cable products. We are the world's largest producer of magnet wire, also known as winding wire, an insulated copper or aluminum conductor used by major original equipment manufacturers and distributors.

Sur American Gold Corporation (TSX.V: SUR) is a junior exploration Company with operations in the Philippines and Colombia.

Sutter Gold Mining Inc. (TSX.V: SGM) is situated on a contiguous 535-acre block of mining claims 45 miles eastsoutheast of Sacramento, California, in the central part of the 121-mile-long Mother Lode gold belt. The Sutter Gold project has been the subject of considerable modern exploration activity, most of it centering on the Lincoln and Comet zones, which are adjacent to each other and together referred to as the Lincoln project.

sxr Uranium One Inc. (TSX: SXR) is a Canadian uranium and gold resource company that owns the Dominion Uranium Project in South Africa and the Honeymoon Uranium Project in South Australia, and is actively pursuing growth opportunities in the uranium sector in the western United States.

Tagish Lake Gold Inc (TSX:TLG.V) Tagish Lake Gold Corp. explores for and develops high grade gold-silver mineral deposits in the Yukon Territory of Canada

Takara Resources Inc. (TSX:TKK.V) A junior mining exploration company, aiming to increase the value of its current assets, and develop new assets by way of commercial transactions and direct staking.

Tamerlane Ventures Inc. (TSX.V: TAM) is focused on placing the Pine Point Zinc-Lead Property into production. The Property is located at the site of the Pine Point mine on the south shore of Great Slave Lake, in Canada's Northwest Territories. Pine Point was the largest and most profitable base metal mine in Canadian history. Tamerlane now controls this property plus a large contiguous property to the west originally explored by Westmin Resources.

Tanzanian Royalty Exploration Corporation (TSX:TNX.TO; AMEX:TRE) Tanzanian Royalty Exploration is a unique, publicly-traded financial gold company whose business strategy is to acquire royalty interests in gold production from its core assets in the Lake Victoria greenstone belt (LVGB) of Tanzania where a reported 40 million ounces of gold have been discovered since the mid-1990's.

Target Exploration & Mining Corp (TSX:TEM.V) Target is a growing exploration and development company with uranium projects in the US and gold/copper projects in Canada. Its flagship property in the Shirley Basin, Wyoming hosts a significant historical uranium resource.

Taseko Mines Ltd. (AMEX: TGB) is a copper and molybdenum producer with mining operations and exploration properties located in British Columbia, Canada. The Company's principal asset is the Gibraltar mine, a 35,000 tonnes per day open pit operation with a 12-year mine plan and additional mineral resources available for further development.

Teck Cominco Ltd. (NYSE:TCK) Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy.

Temex Resources Corp. (TSX.V:TME) is focused on advancing its gold, silver and diamond projects in northeastern Ontario.

Tenajon Resources Corp. (TSX.V: TJS) has a strong technical and management team, with a successful track record in mineral exploration through to production. The company has several projects with exciting exploration potential, including: High-grade gold zones; Near term production potential; Sgnificant potential resources; World Class Molybdenum Exploration Projects; Aggressive Joint Venture partners with active drill programs.

Terra Ventures. Inc. (TSX.V: TAS) is focused on acquiring and developing quality uranium projects, which have world class potential. The Company has acquired 100% interest in 832,212 (across 44 mineral dispositions) in two exploration permits situated across several properties in Athabasca Basin, most notably in the Carswell Lake region as well as the Black Lake region.

Terrane Metals Corp. ( TSX:TRX.V) Terrane Metals Corp. is an exploration and mine development company focused on the development of the Mt. Milligan copper-gold and Berg copper-molybdenum-silver projects in British Columbia, Canada.

Teryl Resources Corp (TSX.V: TRC) has interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture (80% Kinross/20% Teryl) with Kinross Gold Corporation. The Company's holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp., and the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross. The Company also has a 100%-interest in the West Ridge property, and has obtained a mining lease on the adjoining Fox Creek Claims. Teryl Resources Corp. also has one joint venture silver prospect located in Northern BC, Canada.

Teuton Resources Corp (TSX.V: TUO) owns interests in over 40 properties in the Stewart region and is one of the dominant landholders therein. The area is well-known as one of the most mineralized terranes in western Canada. Major mines within the region include the formerly producing Premier, Anyox and Granduc mines as well as the currently producing Eskay Creek mine, the latter famous as having one of the richest grades of any gold-silver mine in the world.

Texas Industries Inc. (NYSE:TXI) TXI is the largest producer of cement in Texas and a major producer in California. TXI is also the second-largest producer of structural steel beams in North America, and a significant supplier of steel bar, aggregate and concrete products.

Texxon, Inc. (OTCBC: TXXN) is an exploration stage company, owns license to a process for the extraction of platinum group metals from water in the United States. It extracts platinum group metals, which include ruthenium, rhodium, palladium, osmium, iridium, and platinum. The Company’s principal product, platinum, is used in industrial and environmental applications, such as autocatalyst applications; treating cancer patients with platinum based drugs; medical equipment; electrodes of pacemakers and on the tips of catheters; and to manufacture acetaminophen, a nonaspirin pain reliever. Its platinum group metal catalysts are used in the manufacture of various drugs, including treatments for asthma, heart disease, epilepsy, and bacterial infections.

TGC Industries Inc. (AMEX: TGE), based in Plano, Texas, is one of the leading providers of seismic data acquisition services throughout the continental United States.

Thelon Ventures Ltd. (TSX.V: THV) has built a portfolio of regionally diverse mineral properties, prospective for various different minerals, ranging from diamonds in Canada's Northwest Territories to Uranium in the Athabasca basin and Nevada's White River Valley.

Thompson Creek Metals Company Inc. (TSX:TCM.TO) Thompson Creek Metals Company Inc. is one of the largest publicly traded, pure molybdenum producers in the world. The Company owns the Thompson Creek open-pit molybdenum mine and mill in Idaho, a metallurgical roasting facility in Langeloth, Pennsylvania and a 75% share of the Endako open-pit mine, mill and roasting facility in northern British Columbia. Thompson Creek is also evaluating two high-grade underground molybdenum deposits, the Davidson Deposit near Smithers, B.C., and the Mount Emmons Deposit near Crested Butte, Colorado

Threegold Resources Inc. (TSX.V: THG) is a new and innovative mineral exploration company focused on the exploration for gold and base metals in the Province of Quebec.

Thunder Mountain Gold Inc. (OTCBB: THMG) is an Idaho company that has been involved in acquisition and exploration of mineral properties since 1978. The company's main holding is a consolidated claim position on the Thunder Mountain District in scenic Valley County, Idaho.

Thunder Sword Resources Inc. (TSX:THU.V) Thunder Sword, with the planned vesting of interest and the consolidation of its uranium claims, will be primarily focused on operating under license, the Geermu project which produces high purity magnesium chloride in China..

Thundermin Resources Inc. (TSX: THR) is a Canadian-based mineral exploration company focused on the exploration for and discovery of economically viable gold and base metal deposits in Canada. Thundermin’s corporate objective is to become a profitable, producing mining company in the years ahead. Thundermin currently has an interest in, or the right to acquire an interest in, 19 gold and base metal properties in Canada. Thundermin also has royalty interests in a further 40 base metal and gold properties located in Manitoba, Saskatchewan and Quebec. In total, these properties host three gold deposits and nine base metal deposits as well as other gold and base metal mineralizaton of significance.

Timmins Gold Corp. ( TSX:TMM.V) Focused on acquiring, exploring and developing a portfolio of high quality gold properties in Mexico.

Tinka Resources Ltd. ( TSX:TK.V) Tinka's principal asset is the Colquipucro silver-lead-zinc project in Peru.

Tiomin Resources Inc (TSX:TIO.TO) Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. on mineral exploration in sub-Saharan Africa.

Tirex Resources Ltd. ( TSX:TXX.V) Formed to conduct mineral exploration and development activities in Albania. Focused towards developing the potential of the Mirdita Project into a major Volcanogenic Massive Sulfide (VMS) District with multiple large deposits of copper, zinc, gold and silver mineralization.

Titan Uranium Incorporated. (TSX.V: TUE) is focused on the discovery of high grade uranium in Canada. Titan's objectives are not those of a producer, but those of a leader in the most profitable part of the mining cycle - exploration. Titan will realize its goals through strategic land acquisitions, its depth of experience in the uranium exploration sector, and by leveraging off of its early entrance into exploring the Thelon and Athabasca basins.

Titanium Corporation Inc. (TSX.V: TIC) is a Canadian mining and exploration company, head-quartered in Toronto, Ontario. The company’s long-term strategy is to combine innovative engineering and business solutions to commercialize large-scale, titanium-bearing mineral sand deposits in Canada and throughout the world.

Titanium Metals Corp. (NYSE: TIE) is the world's largest supplier of high quality titanium metal products.

TNR Gold Corp. (TSX:TNR.V) A diversified junior Canadian mineral exploration company with a specific focus on exploring for precious and base metals in North and South America.

Torch River Resources (TSX.V: TCR) is exploring the Red Bird porphyry style molybdenum deposit, which has a NI 43-101 compliantresource estimate of 151.3 million pounds of molybdenum in the indicated (61.2 million) and inferred (90.1 million) categories.

Toro Energy Limited (ASX:TOE.AX) Toro Energy Limited is one of Australia’s largest (by market capitalisation) emerging uranium exploration and development companies. It has the financial and technical resources to discover and/or acquire uranium projects and bring them to production in a socially and environmentally responsible manner.

Tournigan Gold Corporation (TSX.V: TVC) is focused on rapidly developing two gold projects in Europe - Curraghinalt in Northern Ireland and Kremnica in Slovakia. Both wholly-owned projects host defined gold resources that can be advanced to production but also encompass exciting exploration potential. The recent acquisition of new uranium projects in Slovakia and Wyoming, as well as the Brehov VMS project, adds a dynamic component to Tournigan's asset mix.

Trade Winds Ventures Inc. (TSX:TWD.V) The company’s primary focus is to enhance shareholder value by identifying, exploring and developing world class gold projects in Canada. Current properties under development have been targeted due to successful results from extensive geophysics and drilling having already taken place during prior work programs.

Treasury Metals Inc. (TSX:TML.TO) Treasury Metals Inc. is a mineral exploration and development company with a growth-orientated strategy to acquire and develop quality gold assets in The Americas. The Company's flagship asset is the 100% owned Goliath Project, an advanced-stage, high-grade gold deposit with the potential for additional silver, lead and zinc credits. The 100% owned Lara Project is an advanced stage, high-grade base and precious metals project with significant potential for additional resources in its Lara Deposit. The Company also has an existing royalty revenue from Sierra Minerals' (TSX:SIM) Cerro Colorado Mine in Mexico and other monetizable assets. The management team and board are seasoned mining industry veterans with proven track records. As a spin-off company of Laramide Resources (TSX:LAM), Treasury benefits from a strong existing shareholder base

Trelawney Resource Corp (TSX:TRR.V) Focusing its gold exploration efforts in the mining friendly Province of Ontario in Canada.

Tri Origin Exploration Ltd. (TSX:TOE.V) Tri Origin Exploration Ltd has been engaged in gold and base metal exploration and development in Canada and Australia for over a decade.

Tribune Uranium Corp (TSX:TCB.V) A well structured exploration company focused on the acquisition and exploration of advanced stage, drill ready projects.

Triex Minerals Corporation (TSX.V: TXM) is a leader in the junior uranium exploration sector. Triex is exploring for "best of breed" deposits, meaning, high grade, low cost producers in areas where profitable operation is viable.

Trigon Exploration Canada Ltd. (TSX.V: TEL) is a uranium exploration and development company focused on the known deposits of the southwestern United States, a region that has produced over one billion pounds of uranium. Trigon has a highly-qualified team of uranium exploration experts to direct its efforts at its Marysvale and Henry Mountains projects of southern Utah, and elsewhere in North America. Trigon also operates a portfolio of high-potential diamond exploration properties within a wholly-owned subsidiary, Trigon Diamond Corporation Ltd.

Trio Gold Corp. (TSX:TGK.V) Trio Gold Corp. is an established Calgary-based junior mining company committed to the exploration, analysis, and evaluation of precious mineral properties on an international scale. With interests including gold, silver, and copper, Trio searches for world-class reserves and deposits with significant mining and market value.

Trivalence Mining Corporation (OTC.PK: TMIGF) has two producing diamond mines located in the Republic of Guinea, West Africa, and in the Republic of South Africa. In addition to its mining operations, the Company has an advanced kimberlite exploration programs currently underway in the Republic of Botswana. Exploration of the Botswana property is being conducted by the Company's joint venture participant, Rio Tinto Mining and Exploration Ltd.

True North Gems Inc. (TSX.V: TGX) is engaged in the exploration and development of North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and owns 100% interest in the Yukon-based Tsa da Glisza emerald property and the rights to earn 100% interest in the Baffin sapphire property located on Baffin Island and the Fiskaenesset ruby and pink sapphire property in Greenland.

TTM Resources Inc. (TSX.V: TTQ) is a Vancouver, British Columbia based junior resource Exploration Company, focused on four assets in British Columbia, Canada: the Chu Molybdenum Project, the newly acquired Terrace Molybdenum Project, the Deeker Creek Molybdenum Project and the Moly/Gold Project.

Tumi Resources Limited (OTCBB: TUMIF) is a Vancouver-based mineral exploration company, with management comprising highly experienced accounting, financial, geological, mining engineering and public relations personnel.

TVI Pacific Inc (TSX:TVI.TO) TVI Pacific Inc. is a publicly traded Canadian mining company focused on the acquisition, exploration and development of polymetallic mineral deposits in the Philippines.

Twenty-Seven Capital Corp. (TSX.V: TSC) is a junior mining company exploring for uranium and iron-oxide copper-gold (IOCG) deposits. It holds numerous projects in Yukon and one in each of BC, NWT and Mexico

Tyhee Development Corp (TSX.V: TDC) is a gold exploration and development company. Its primary asset is the Yellowknife Gold Project, which consists of 6,625 hectares (15,481 acres) of mining leases located 90 km (56 miles) north of Yellowknife, NT, Canada. The property hosts several areas of gold mineralization, including the partially developed Nicholas Lake Gold Deposit, the Ormsby Zone and the West Zone.

Tyler Resources Inc. (OTCPK:TYRRF) A successful, well-funded Canadian Exploration Company focused on base and precious metals exploration in Mexico.

U3O8 Corp. (TSX:UWE.V) Currently focused on uranium exploration in the Roraima Basin in Guyana, South America, U3O8 Corp's primary business objective is to explore, develop and acquire uranium projects in the Americas.

UC Resources Ltd. (TSX.V: UC) is an emerging producer of Gold and Silver in Mexico.

Ucore Uranium Inc. (TSX:UCU.V) Ucore Uranium Inc. is a junior exploration company focused on establishing uranium resources through exploration and property acquisition.

UEX Corporation (UEX.TO) is a Canadian uranium exploration company formed under agreement between Cameco Corporation and Pioneer Metals Corporation. UEX is an active explorer in the Athabasca Basin in northern Saskatchewan. UEX has a total of 19 projects either 100%-owned, joint ventured or under option totaling approximately 390,000 hectares (962,000 acres) located in the eastern, western and northern perimeters of the Athabasca Basin.

Ultra Uranium Corporation (TSX.V: ULU) is a Canadian Mineral Exploration company that is seeking to discover the Uranium and Precious Metals that tomorrow's needs are demanding today.

United Carina Resources Corp. (TSX.V: UCA) is a junior exploration company focused on the next natural resource discovery in Saskatchewan, Canada where the company is based.

United States Antimony Corporation (OTCBB:UAMY) United States Antimony Corporation (USAC) is a junior mining and chemical company with three  product lines that each present tremendous potential: ANTIMONY , ZEOLITE AND PRECIOUS METALS (SILVER AND GOLD).

Universal Uranium Ltd. (TSX.V: UUL) is focused on exploring and developing uranium mineral properties located in favorable geo-political climates.

UNOR Inc., (TSX.V: UNI) is principally a mineral exploration company engaged in the exploration of its mineral properties, with uranium its primary focus. The Company currently has mineral projects in Nunavut; Ontario; Manitoba; and British Columbia.

Ur-Energy (TSX.V: URE) is a junior mining company completing mine planning, baseline studies and permitting activities to bring two uranium deposits in Wyoming into production by 2009. The company is also engaged in the identification, acquisition and exploration of uranium properties in both Canada and the United States.

Uracan Resources Ltd. (TSX.V: URC) is exploring for near surface, bulk tonnage uranium deposits in Canada, as this style of deposit can be developed quickly and inexpensively. The company's first two projects have abundant historical data showing several pounds U3O8 per ton over large areas, are easily accessible and have year round access.

Uramin Inc (OTC.PK: UAMNF) is an international mining company established to acquire and develop uranium properties throughout the world. The Company is currently focusing on the development of their advanced exploration project, the Trekkopje Uranium Project in Namibia.

Uranerz Energy Corp. (URZ) is engaged in the acquisition, exploration and development of properties in the uranium sector. The Company's goal is to become a producer of uranium which will be utilized as fuel in the world's nuclear electrical generating facilities. Uranerz Energy Corporation has expertise in in-situ recovery mining and holds projects in Wyoming with uranium-mineralized sandstone. These Powder River Basin uranium properties are advanced, and the Company has initiated environmental licensing and mine planning for the development of two of these projects. Uranerz also has uranium properties in Saskatchewan ( Canada), Mongolia and the Great Divide Basin of Wyoming.

Uranex NL (UNX.AX) is a uranium exploration company with projects located in Australia and Tanzania. Company targets simultaneous initial exploration on all its projects, with focus on targeted drilling to identify most prospective project areas.

Uranium City Resources (TSX.V: UCR) is a uranium exploration and development company that is advancing 10 uranium projects situated within the past producing Uranium City Mining District.

Uranium Energy Corp. (OTCBB: URME) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009.

Uranium Exploration Australia Limited (UXA.AX) is focused on exploration, location and development of uranium and other mineralisation.

Uranium FPO (USA.AX) intends to become a long-term player in the Australian and international uranium industry. Focused on the world-class Gawler Craton uranium province, the company has collaborated with exploration companies and individuals to build a portfolio of high quality exploration tenure.

Uranium Hunter Corporation (OTCBB:URHN) Uranium Hunter is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East

Uranium North Resource Corp. (TSX.V: UNR) is exploring a diverse property portfolio of over 4 million acres in northern Canada. Uranium North is distinguished as the only junior uranium explorer with significant and prospective land holdings in what the company believes are Canada's three most prospective basins for high grade uranium deposits, the Athabasca, Thelon and Hornby Bay Basins.

Uranium Oil and Gas Limited (UOG.AX) is focused on base, precious and specialty metals exploration and development.

Uranium One Inc. (TSX:UUU.TO) Uranium One Inc. is a Canadian-based uranium producing company.

Uranium Participation Corporation (TSX: U) is an investment holding company which invests substantially all of its assets in uranium, either in the form of uranium oxide in concentrates or uranium hexafluoride, with the primary investment objective of achieving appreciation in the value of its uranium holdings. The objective of the Corporation is to provide an investment alternative for investors interested in holding uranium.

Uranium Power Corp. (TSX.V: UPC) is focused on exploring and developing uranium properties with the potential to host world class, economic deposits. Uranium Power has recently acquired a 50% interest in Sheep Mountain uranium mines and properties held by US Energy Corp. in the Crooks Gap Mining District in south-central Fremont County, Wyoming.

Uranium Resources Inc. (OTCBB: URIX) specializes in in-situ solution mining and holds mineralized uranium materials in South Texas and New Mexico.

Uranium Resources (LSE: URA) was established to acquire a portfolio of uranium deposits in Southern Africa and Australia in order to take advantage of the rising demand for uranium.

UraniumCore Co (OTCBB: UCCO) is a junior exploration company focused on the acquisition and development of high quality uranium projects. Uranium Core currently has four projects, the Coon Creek, Oak Creek, Pendleton Mesa and Suckerite properties in Gila county Arizona. While the current projects are being developed Uranium core will continue to explore opportunities to acquire additional properties of merit.

UrAsia Energy Ltd. (TSX.V: UUU) is a new, uranium producer, with low-cost, in-situ leach mining operations in the Republic of Kazakhstan. The Company is led by former ERA Managing Director, Mr. Phillip Shirvington. The Company currently

Uravan Minerals Inc. (TSX.V: UNV) is a mineral exploration company “searching for the Metals of the Future”.

Urex Energy Corp (OTCBB: URXE) is focused on actively exploring and developing uranium properties in Argentina and New Mexico.

Ursa Major International Inc (TSX:UMJ.TO) URSA Major is a TSX-listed Canadian public company with a focus on mining and exploration of nickel, copper and precious metal deposits.  URSA Major has a variety of projects ranging from pre-production mining with defined mineral reserves at the feasibility level through to early stage exploration.

Uruguay Mineral Exploration Inc. (TSX:UME.V) Uruguay Mineral Exploration Inc. (UME) is a gold production and exploration company that identifies and develops mineral opportunities in South America. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. UME operates San Gregorio, the only producing gold mine in Uruguay, and is the leading mineral exploration company in Uruguay with an exploration portfolio of gold, diamonds and base metal prospects, including copper, nickel, lead, and zinc

U.S. Energy Corp. (NASDAQ: USEG) and its majority-owned subsidiary, Crested Corp., are engaged in a joint venture to conduct various business operations as USECC. Through their subsidiaries, Sutter Gold Mining Inc., Plateau Resources Limited., U.S. Moly Corp, U.S. Uranium Ltd. and USECC, they own various interests or properties prospective for gold, uranium, vanadium and molybdenum.

U.S. Gold Corporation (AMEX: UXG) engages in the exploration, development, production, and sale of gold and silver, and other precious metals primarily in the United States.

US Gold Corp (OTCBB: USGL) is engaged in the precious metals and base metals mining business in the continental United States and through an equity investment in an affiliate company, in Mexico. It may also evaluate and develop properties outside the United States.

U.S. Silver (TSX:USA.V) Owns and operates the Galena Mine in the historic Silver Valley of North Idaho

USEC Inc. (NYSE: USU) together with its subsidiaries, supplies low enriched uranium (LEU) for commercial nuclear power plants worldwide.

Valencia Ventures (TSX.V:VVI ) is an emerging Canadian resource company with a focus on the exploration and development of quality precious metal (gold/silver) opportunities worldwide. The Company currently owns the Rustler's Roost Gold Project in Australia and is earning interests in the Idaho Gold Project in the USA and the Cachinal Silver-Gold Project in Chile.

ValGold Resources Ltd. (TSX:VAL.V) The Company's objective is to generate wealth for its stakeholders by applying its strategy of acquiring properties with identified but under-explored mineral resources.

Valhalla Uranium Limited (VUL.AX) is focused on Uranium exploration and development in Australia.

Valley High Ventures Ltd. (TSX.V: VHV) is a Canadian based precious and base metal exploration company with several properties, totalling approximately 10,000 hectares, located in south-central British Columbia, along the prolific Quesnel trough and adjacent to the producing Imperial Metals Mt. Polley copper-gold-silver mine, and HR gold mine.

VANE MINERALS (LSE: VML) is a self-funding exploration company, financed by production from the Silver/Gold Diablito Mine in Western Mexico.

Vangold Resources Ltd (TSX.V: VAN) is a diversified natural resource company with oil and gas properties in Alberta, Texas and California; working interests in seven attractive gold properties in Papua New Guinea; and a gold project in Rossland, BC, Canada

Vedron Gold Inc. (TSX.V: VG) is a mining exploration and development company with interests in four advanced gold projects in and around Timmins, Ontario. The company was formed in 1972 and has been active in the Timmins district since the purchase of the Fuller property in 1980.

Vena Resources (TSX.V: VEM) is focused on developing the mineral resources and social welfare of Peru.

Viceroy Exploration Ltd. (OTC.PK: VCRYF) is a Canadian-based junior exploration company focused on the exploration and development of its advanced-stage Gualcamayo project, located in San Juan Province, Argentina, South America. The Company has an experienced management team and holds an attractive portfolio of four (4) other Argentinean gold properties in addition to the Gualcamayo project.

Victory Nickel Inc. (TSX:NI.TO) Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Quebec, and by evaluating opportunities to expand its nickel asset base.

Vior Inc. (TSX:VIO.V) A growing mining company focused on acquiring and developing high quality, low risk gold and base metal resource prospects in accessible mining areas of Québec.

Virgin Metals Inc. (TSX.V: VGM) is a junior exploration and development company; its projects include two copper/molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is expected to be the focus of expanded exploration effort.

Virginia Mines Inc. (TSX: VIA) is among the most active mining exploration companies in Quebec. Virginia concentrates its activities on its numerous properties that are spread over the vast unexplored regions of northern Quebec.

Vista Continental Corp. (OTCBB: VICC) engages in the exploration and development of minerals. It has interests in gold and diamond properties in Guyana; and gold and rare earth properties in Peru.

Vista Gold Corp (AMEX: VGZ) is engaged in the evaluation, acquisition, exploration and improvement of gold exploration and potential development projects. The Company owns or controls six gold properties: the Maverick Springs and Mountain View projects and the Hycroft mine, all in Nevada; the Long Valley project in east-central Califorina; the Paredones Amarillos project in Baja, Mexico, and the Amayapampa project in Bolivia. Vista Gold also owns several exploration claims in Canada and approximately 25% of the shares of Zamora Gold Corp., a company exploring for gold in Ecuador.

Wallbridge Mining Company Limited (TSX:WM; FWB: WC7) explores for and develops nickel, copper and platinum group element ("PGE") deposits. The Company's principal properties are located in the Sudbury Basin in Ontario. The Sudbury area hosts the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Wallbridge also has a major shareholding in Duluth Metals Limited, which has a significant property position in the rapidly emerging Duluth Complex base metal camp in Minnesota.

VMS Ventures Inc. (TSX:VMS.V) VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp.

Vulcan Minerals Inc (TSX:VUL.V) A junior Canadian exploration company focused on searching for new petroleum and mineral deposits in Canada.

War Eagle Mining Company Inc. (TSX:WAR.V) The Company's primary mission is to identify sources of germanium and to develop methodologies for recovering germanium, either through mining or through the extraction of germanium from fly ash and similar materials.

Waseco Resources Inc. (TSX.V: WRI) is a Canadian exploration company with interest in uranium, gold and diamond properties.

Wealth Minerals Ltd. (OTCBB: WMLLF) is a leader in uranium exploration focused on identifying world-class discoveries in the America's. The largest property holder with uranium potential in Argentina, Wealth also has an excellent gold project in BC, Canada.

Wescan Goldfields Inc. (TSX:WGF.V) Wescan is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties.

Wesdome Gold Mines Ltd. (TSX:WDO.TO) Wesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Quebec. Wesdome has been producing gold continually for 20 years on an unhedged basis and to date has produced in excess of 1.0 million ounces

West Hawk Dev Corp (TSX.V: WHD) is a mineral exploration and development company building shareholder value through the acquisition and development of projects focused on industrial commodities currently in heavy demand by China.

West High Yield (WHY) Resources TSX.V:WHY

West Timmins Mining Inc. (TSX:WTM.TO) A publicly traded gold exploration company focused on district scale discovery and development opportunities in two of the world's great gold camps: the Timmins Gold Camp in northern Ontario and the Sierra Madre Gold Belt in Mexico

Western Copper Corp. (TSX: WRN) is pursuing production at their wholly owned Carmacks Copper Project in the Yukon Territory. This property has a large copper resource amenable to low cost acid leaching.

Western Goldfields Inc. (OTCBB: WGDF) is focused on increasing gold production at the Company's Mesquite mine in Imperial County, California and on developing ore reserves as rapidly as possible through other precious metal projects. The Company is also engaged in the acquisition of advanced-level precious metal properties throughout the western United States, primarily Nevada, which is considered as some of the most important geological terrain conducive to hosting world-class economic gold deposits.

Western Keltic Mines Inc. (TSX.V: WKM) is a mineral exploration and development company currently focused on the discovery and development of copper and other base and precious metal assets. In addition to advancing the Kutcho Creek project, the company is actively engaged in the search for additional assets to compliment its current project portfolio.

Western Prospector Group Ltd. (TSX.V: WNP) is focused on the Saddle Hills Uranium Project. Located in north-eastern Mongolia, in a region of established infrastructure, the 1,900 square kilometre Saddle Hills Uranium Project is unique in that one of its uranium deposits, the Gurvanbulag, was previously readied for production.

Western Silver Corp. (TSX: WTC) is focused on discovering and developing silver properties in the Americas. The Company has 100% control of one of the world's largest open pittable silver-gold-zinc-lead deposits at Penasquito, central Mexico, in an area with excellent infrastructure and low political risk. An independent feasibility study has concluded that Penasquito has robust economics, significant expansion possibilities and upside, and should be developed immediately. Western Silver also has an interest in the world class San Nicolas zinc-copper project in Mexico with Teck Cominco and owns the Carmacks Copper Project in the Yukon.

Western Troy Capital Resources Inc. (TSX:WRY.V) Western Troy Capital Resources Inc. is a mineral exploration company. Its 100% owned MacLeod Lake Project, located about 275 km north of Chibougamau, Quebec, hosts a well defined Main Zone of mineralization as outlined by extensive drilling. In addition, a South Zone resource and several IP anomalies of potential interest have been identified. In April of 2008, Western Troy received an independent Preliminary Assessment (Scoping Study) consistent with National Instrument 43-101 on its MacLeod Lake Property. Western Troy also has a number of early stage molybdenum, copper, uranium, platinum, and other minerals exploration properties in Quebec.

Western Uranium Corporation (TSX.V: WUC) is a Canadian based resource company focused on exploration, acquisition and advancement of uranium properties primarily in North America. The company operates in the United States through its wholly owned subsidiary Western Energy Development Corp. and in Canada through its wholly owned subsidiary Ruby Hill Exploration Inc. To date the company has acquired three properties located in Nevada and New Mexico, previously explored during the last uranium cycle by Chevron Resources, Exxon, and Conoco.

Western Warrior (TSX.V: WWR) a Calgary-based, multi-commodity, mineral exploration company with 100% ownership of properties in Northern Manitoba, Northwestern Ontario, and Valdez Alaska, encompassing a total area of more than 402,700 hectares (4,027 km(2)).

Westmoreland Coal Co. (AMEX: WLB) is focused on coal operations that include Powder River Basin coal mining in Montana and lignite mining operations in Montana, Texas and North Dakota. The Company also owns interests in three independent power projects. Westmoreland is implementing a growth strategy dedicated to meeting America's dual goals of low-cost power and a clean environment through the acquisition and development of complementary, niche opportunities in coal, power and other segments of the energy sector.

Wheaton River Minerals Ltd (AMEX: WHT) is a gold and precious metals producer engaged in the operation, exploration and acquisition of precious metal properties. The Company's precious metals mining business is conducted in Mexico, Australia and Argentina. It owns 100% of Luismin SA, a Mexican company that produces gold and silver from underground mines at two operating units in northwest and central Mexico. It also has 37.5% interest in the Bajo de la Alumbrera copper/gold mine in Argentina and it owns 100% of the Peak Gold Mine in New South Wales, Australia. Wheaton River has annualized production of over 500,000 gold equivalent ounces (425,000 ounces of gold and six million ounces of silver).

White Knight Resources Ltd (TSX.V: WKR) is a Canadian-based exploration company exploring for multi-million ounce, Carlin type gold deposits in Nevada.

Wildrose Resources Ltd. (TSX.V: WRS) holds a 30% interest in the Spanish Mountain Gold Project in British Columbia's Cariboo Region. The remainder is held by Skygold Ventures.

Wits Basin Precious Minerals Inc. (OTCBB: WITM) holds a property portfolio which includes the Vianey Silver Mine in the state of Guerrero, Mexico, and the past producing Bates-Hunter Gold Mine in Central City, Colorado that experts believe may host up to ten million ounces of gold. In addition, a large exploration program called the FSC Project is underway on several hundred thousand acres in the famed, gold-rich Witwatersrand Basin area, South Africa, the most prolific gold-producing region in the world.

Wolverine Tube Inc. (OTCBB: WLVT) engages in the manufacture and distribution of copper and copper alloy tubular products, fabricated and metal joining products, as well as rod and bar products. The company operates in three segments: Commercial Products; Wholesale Products; and Rod, Bar, and Other Products.

Worthington Industries, Inc. (NYSE:WOR) Worthington Industries is a leading diversified metal processing company. The Columbus, Ohio, based company is North America's premier value-added steel processor and a leader in manufactured metal products such as metal framing, metal ceiling grid systems, pressure cylinders, automotive past model service stampings and laser welded blanks.

WSR Gold Inc. (TSX.V:WSR) WSR has entered into two option agreements in the McFauld's Lake area.

X-Cal Resources Ltd. (TSX:XCL.TO) The company is an established exploration company, operating primarily in Nevada, where it has a portfolio of gold properties.

X-Ore Resources Inc. (TSX:XOR.V) X-Ore Resources is a mineral exploration company with 18 properties located in known gold regions of Mexico and Canada, including the prolific Sierra Madre Gold Belt and the Val-d'Or region of Quebec

Xemplar Energy Corp. (TSX.V: XE) is a Canadian based company focused on uranium exploration. Xemplar seeks to find and explore uranium projects in Canada that show promise of potentially economic grades and tonnages.

Yale Resources Ltd. (TSX:YLL.V) Business plan is to acquire or option projects that meet the Company's criterion and advance them to the drill stage as rapidly as possible.

Yamana Gold Inc. (TSX:YRI.TO) Yamana Gold Inc.is a Canadian-based gold producer with significant gold production including other precious metals and copper, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico, Central America and the United States.

Yankee Hat Minerals Ltd. (TSX.V: KHT) is actively exploring the Fran Property, a gold/base metals target near the Mt. Milligan deposit in central British Columbia; and the Shanghai Creek Project, a gold target within the Tintina Gold Belt - near Stratagold's Aurex and Dublin Gulch projects in the Yukon Territory. The Company also recently acquired the Union Mine Property in the Greenwood Mining Division near Grand Forks, British Columbia.

Yanzhou Coal Mining Co. Ltd. (NYSE: YZC) engages in underground mining, preparation, and sale of coal, as well as the provision of railway coal transportation services in China. Its products primarily include thermal coal and semisoft coking coal used in electric power generation and metallurgical production. It operates six coal mines, which include Nantun, Xinglongzhuang, Baodian, Dongtan, Jining II, and Jining III. The company offers its products to electric power plants, metallurgical mills, chemical engineering companies, construction material manufacturers, and fuel trading

Yellowcake Mining, Inc. (OTCBB:YCKM) an exploration stage company, engages in the acquisition and development of uranium properties in the United States. It has an option to acquire 80% interest in the unpatented mining claims and mining leases, known as the Juniper Ridge project located in Carbon County, Wyoming.

Young-Shannon Gold Mines, Limited (TSX.V: GYS) is a precious metals exploration company, which holds a group of 11 patented and 19 unpatented claims within Chester Township located west of Highway 144 midway between Sudbury and Timmins, Ontario. It also has an option to earn a 60 % interest in the McMillan Gold Mine property, located 75 kilometres southwest of the Greater City of Sudbury.

Yukon Gold Corporation Inc. (TSX: YK) is an active and progressive public exploration and development company. The Company's main focus is its recently acquired VMS deposit (Marg Property) and its Mount Hinton gold and silver exploration project in the Central Yukon Territory of Canada. These properties lie within the Tombstone Gold Belt, world renowned for the discovery of major gold and base metal deposits.

Yukon Zinc (TSX.V: YZC) is a Canadian base-precious metal exploration and development company. Yukon Zinc's core asset contains zinc, silver, copper, lead and gold. The Company is one of the largest landholders in the Yukon, strategically located on the Pacific Rim in Northern Canada.

Yukon-Nevada Gold Corp. (TSX:YNG.TO) Yukon-Nevada Gold Corp. is a North American gold company in the business of discovering and developing gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Arizona and Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target.

Zincore Metals Inc. (TSX:ZNC.TO) Zincore is a Vancouver-based mineral exploration and development company focused on zinc and base metal opportunities in Latin America.

Zoloto Resources Corp. (TSX:ZR.V) Canadian company focused on gold exploration in the Russian Far East and Siberia.

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Page Contents

  • How much gold is there?
  • What's it worth?
  • Who owns it?
  • What's left undergound?
  • Inelasticity of supply
  • Inflation of the gold supply
  • Table of gold stats and values
  • Hedging
  • The Carry Trade
  • GATA and the Gold Conspiracy
  • The Washington Agreement
  • How much gold is being produced?
  • How much gold is being consumed?
  • How is the production shortfall made up?
  • How much gold is there ?

    In the world there are currently somewhere between 120,000 and 140,000 tonnes of gold ‘above ground’. To visualise this imagine a single solid gold cube with edges of about 19 metres (about three metres short of the length of a tennis court). That's all that has ever been produced.

    Divided amongst the population of the world there are about 23 grams per person, about 1.2 cubic centimetres each. This equates to about $250 - $350 worth per person on Earth, depending on the current price.

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    What's it worth ?

    The value of that short tennis court sized cube is about $1.8 trillion. This compares to the US government’s sovereign debt of $6.9 trillion, which until 1971 was part-backed by gold. The US Gold Reserve is just over 8,000 tonnes - which is about 6% of the total gold ever mined. It is worth about $100 billion, or 1.5% of the US national debt.

    $1.8 trillion is about one fourteenth of the paper based international bond markets, which themselves, at about $26 trillion, are about two thirds composed of western government sovereign debt almost all of which has appeared, co-incidentally, since 1971 and the declared supremacy of paper money, which was what allowed governments to borrow without caution. The total gold content of the world would pay - at current values - about 7% of the international bond market's sovereign debt.  But of course 75% of the world's gold is not available to governments - being held privately as jewellery, bullion and coin.  In fact only about 30,000 tonnes, about 1% of the world's sovereign debt is what is held in central bank gold reserves.

    Meanwhile the entire gold stock of the world - including the privately held bulk - is much less than one half of one percent of the underwritten risk in the global financial derivatives markets.

    The world has placed absolute trust in paper currency denominated assets. Investors have shunned gold for about twenty years while the notional value of paper based financial assets has exploded.

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    Who owns the gold ?

    About 30,000 tonnes of the world’s gold [20-25% of above ground inventory] is held in central bank vaults.

    Major Central Bank Reserves (2000)

    Nations & institutions Reserves (Tonnes)
    USA 8139
    Germany 3469
    IMF 3217
    France 3025
    Switzerland 2590
    Italy 2452

    The totals for other central banks tail off rapidly after these main holders.  Most only hold a few hundred tonnes, and together they make up a bit over 30,000 tonnes in all.

    The rest is held by individuals in the form of gold jewellery [approx 70,000 - 80,000 tonnes], coin and privately held bullion [combined at 20,000 tonnes].

    90% of the gold above ground has been mined since the start of the California gold rush in 1848. Modern power machinery and chemicals have steadily lowered the price at which gold can be extracted. The average production cost of the world's biggest producer - South Africa - is about $238 per troy ounce. 1997 industry estimates by the Federal Reserve Board suggested an average production cost worldwide of $300 per ounce.

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    Gold still underground

    Where it is known about with reasonable confidence, and can be extracted economically, un-mined gold appears on the books of mining companies as ‘reserves’. There remains as reserves about 40% of the total of gold above ground - i.e about 50,000 tonnes. South Africa has 50% of the world's known stock of un-mined gold.

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    Inelastic supply

    Gold is difficult to find in commercial quantities. It also takes time, typically 5 years, and plenty of money to bring mines into production. In this sense the supply side of the gold equation is relatively constant.

    One of the features of this is that boom times encourage investment which takes a considerable time to work through to production and - eventually - to worked out mines. After a boom, when investment decisions may be made on over-inflated expectations of ultimately achievable prices, there is a tendency to subsequent overproduction and poor prices for a considerable period.

    The gold price boom of 1979/80 resulted in steadily increasing production all over the world from a stable base of 1200 tonnes annually to a peak of above 2600 tonnes in 1999. All major producing countries except South Africa substantially increased production in this period.

    Production then levelled out and started to dip slightly, as mines were exhausted and poorer mines shut.  Also the uninspiring gold market encouraged a decrease in exploration which now means there are a lower number of new mines coming into production than is expected to be required by the market.

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    Inflation of the gold supply

    Nonetheless for the time being gold is still being mined and refined at the rate of almost 2,600 tonnes per year. Thus the world supply of above ground gold is increasing - or inflating - at just over 2% annually. At current rates the gold supply is growing the under-sized tennis court cube at about 12 centimetres a year. It will reach a full tennis court sized cube in about 20 years time.

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    Physical gold quantities

    The following table compares kilogram quantities of gold with monetary values, spatial volumes, and meaningful human measurements, to get a feel for the numbers.

    KilogramsValue @ 390$/OzLitresHow much
    0.008$1000.00041A British sovereign coin
    0.031$3900.00161US Eagle / Canadian Maple coin
    0.100$1,2540.00518
    0.500$6,2690.02591
    1$12,5390.05181 kilo - a golf ball sized sphere
    2$25,0770.1036
    3$37,6160.1554
    4$50,1540.2073
    5$62,6930.2591
    6$75,2310.311A can of 'Coke'
    7$87,7700.363
    8$100,3090.415
    9$112,8470.466
    10$125,3860.518
    12$156,0000.645A standard 400 oz bullion bar
    20$250,7721.04A litre bottle of water
    50$626,9292.59
    100$1,253,8585A good sized deposit box
    1,000$12,538,58052
    10,000$125,385,802518Half a cubic metre - fits in a corner of a small bank vault.
    100,000$1,253,858,0255,181 
    1,000,000$12,538,580,00051,813A small living room - and more than twice Britain's gold reserve.
    8,139,000$102,051,504,000421,710The US gold reserve fits into a town house.  Fort Knox is mostly empty space!
    30,000,000$376,163,190,0001,554,404The world's total financial reserve of gold (central banks + significant global financial institutions)
    100,000,000$1,253,858,024,0005,181,347The approximate total of all privately held jewellery, bullion and coin
    140,000,000$1,755,401,234,0007,253,886All the gold in the world - A block with edges 3 metres short of a standard sized tennis court.
    $7,000,000,000,000The current US sovereign debt (which excludes future pension and health obligations, none of which have been reserved against in the public accounts)

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    Hedging

    Miners are involved in a long term business venture. They spend large sums of money building gold mines, digging out the ore and processing it. Their big risk is that cash flows from the sale of gold will not meet their expectations. This can arise either because they are bad miners, and fail to extract the necessary tonnage out of their mine, or because the price of gold has fallen below the level at which they budgeted when deciding to build the mine.

    Miners are generally more confident of their mining capabilities - which they can manage - than the spot price of gold, which they know will be unpredictable. But they can mitigate the risk of falls in the spot gold price by selling gold which they expect to be able to produce before they actually produce it. This is producer hedging.

    It can be done in three main ways. In the first gold is borrowed from someone who has a surplus (e.g. a bullion bank), sold at today's price to someone who wants it (a jeweller), and then the gold loan is paid back with new gold from the mine some time later. In the second a straightforward future sale is done - for delivery months or even years ahead. In the third strategy the miner buys a put option which confers the right but not the obligation to sell at a known price sometime in the future.

    Buying a put option on gold protects the miner from a falling gold price but still allows him to benefit from the up-side of a booming gold market if one occurs, because the right to sell - as per the option - is abandoned, and the gold produced is sold at a higher price in the spot market. In a rising market ‘put’ options have that considerable advantage over futures, but they are a much more expensive hedge than a future if it turns out that the gold price doesn’t move much during the period.

    Hedging future production against a falling gold price is good sensible business if you fancy mining, rather than speculating on the gold price. Just about any miner who in 1990 took a ten year view on gold mining without hedging would have underperformed because of the disappointing gold price in that period. Those who did would have been obvious corporate victims of the hedgers, who would have sold gold earlier and higher, and in general have the stronger finances now for takeover activity. Two of the biggest miners - Barrick and Anglo - have grown bigger in part because they were smart hedgers.

    However, one of the features of the market is that the equity in gold mines is held by people who like gold more than they like miners. Investors tend to buy gold shares because they give leverage and outperform bullion in a gold bull market. So miners who hedge face a barrage of abuse from their investors when the gold price starts to perform. Why? Because if the gold miners have sold their future production they don’t benefit as much from the increasing gold price, and so their share prices under-perform the non-hedgers. Barrick and Anglo are currently experiencing this.

    These things go in cycles. Hedging was the smart thing to do in 1990. It has been smarter more recently to be a non-hedger. This allowed Newmont (a non-hedger) to emerge with the higher rated shares to steal Normandy (a hedger) out from under the nose of Anglo (a hedger) and become the biggest gold mining company in the world.

    This has an effect on the bullion price. Hedgers are out of fashion and are consequently unwinding their hedge books in the market to make sure they don’t under-perform non-hedgers in a booming gold share market. Anglo and Barrick’s full hedge books are the equivalent of pent-up demand for gold, because these miners are now stopping forward selling or even buying some hedges back. By contrast empty hedge books are the equivalent of overhanging supply, because smart miners are going to start selling forward their future production when they fear prices could fall. Right now we are in the middle of a period when the price is moving favourably, and the miners’ hedge books are being cut back. This is good for the gold price temporarily as there is less supply. But eventually it will be followed by excessive supply and a cycle of producer hedging.

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    The Carry Trade

    If bankers can borrow something cheaply they start to look around for ways of dealing it to make money.

    Bullion banks and central banks which sit on large piles of their own bullion in their own vaults make no money out of it.  Neither to custodians of unallocated gold. Provided they can find someone trustworthy to lend it to they can have both the security of gold and a small income.

    Largely because of hedging there is a market for borrowed gold - with borrowing demand coming from miners. Their sales in the spot market can be delivered to jewellers from bullion bank stocks allowing them to repay the loan from production.

    The carry trade involves a simple trading strategy which seems to have become widespread in investment banks during the depreciation of the Japanese Yen in the early 1990s. Because Japan stagnated when its property and shares bubble burst in 1990 yen interest rates fell to almost zero under the hand of a government trying (unsuccessfully this time) to stimulate demand. Meanwhile in the USA dollar interest rates were quite high, and were being maintained there also for political reasons - namely trying to prevent inflation. The investment bankers enjoyed a bonanza. Using their good credit ratings they borrowed Yen for virtually nothing and sold them for dollars. The dollars they received were lent in the US at artificially high rates, and to make things even better the Yen fell under growing selling pressure from the investment banks.

    It was very profitable. Eventually it fell to bits when the bankers taking their profits exceeded the inflow of bankers opening up the new trade. The yen climbed sharply, and any gains on the lending were wiped out in the FX loss. LTCM took a fair share of the pain.

    What the investment bankers needed then was another currency which cost little to borrow, and could be relied upon to fall in value. Enter gold.

    The central banks had been busily publishing papers discussing what to do with the dead stock of their gold reserves, and concluding that holding it as a reserve was old-fashioned. The bullion banks could sniff a reasonably reliable supply of borrowed gold for the foreseeable future, and the investment banks rubbed their hands. The smart money borrowed gold, sold it, deposited the dollars received in the US on high rates, and (depending on who you believe) regularly talked down the price of gold. A very great deal of money has been made by banks - not miners - who have borrowed gold.

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    GATA and the Gold Conspiracy

    GATA is the Gold Anti-Trust Action committee. GATA alleges that the gold market is subject to systematic rigging by a series of US and global institutions, in contravention of the USA’s Anti-Trust laws and the Constitution of the USA. The goal of GATA is to bring a case to trial.

    It is said that if you owe a million dollars you have a big problem, but if you owe 100 million dollars the bank has a big problem. Add on a couple of zeros and you have the basis of the gold conspiracy which if you start investigating gold you will quickly come across.

    The basis of the conspiracy theory is that huge amounts of gold have been sold and borrowed on the carry trade, and that the central banks have realised a little late that their economists might be wrong. As, like the Yen before, the gold price rises, a whole raft of LTCM types will fall out of the derivatives markets, unable to return the gold they have borrowed because they can't afford to buy it back at these rising prices. The resulting default could bring down the international financial system, so the world's financial institutions have conspired to hold down the price of gold.

    The conspiracy theorists are gold 'bugs'. Their core belief is that gold is the king of monetary assets. Their additional belief is that institutions like the Fed, the IMF, the BIS, the Exchange Stabilisation Fund, the Bundesbank, the European Central Bank, the National Bank of Switzerland, and the Bank of England are conspiring to hold down the price of gold in order to prevent the circumstances where constituents of the international financial scene - particularly the customers of JP Morgan Chase, Goldman Sachs, Deutsche Bank and Credit Suisse - implode under losses arising from 8,000 to 20,000 tonnes of gold carry trades. Were such an implosion to start it is clear the gold price would go into the stratosphere.

    The evidence is disturbingly persuasive in some senses. There seems to have been collusion in the manipulation of some German and US gold reserve accounts. There is hearsay 'evidence' which suggests a private confession by the Governor of the Bank of England, and there are extraordinarily well timed interventions by bearish comment which suggests an official desire that gold does not shoot upwards.

    But in the end the full blown conspiracy theory seems to fall over because, like all good conspiracies, it requires too much collusion between many parties unlikely to sustain the necessary secrecy. It is difficult to believe that those who would have to be involved are really prepared to conduct a deception on the scale alleged by the GATA committee, and still keep it quiet. If the conspiracy theorists are right it is impossible to reconcile it with the US Treasury's flat statement of its gold position which seems to state quite unequivocally that the US bullion reserve is still US owned and is still in the Treasury's vaults.

    Another key weakness of the gold bug case is that the full blown financial catastrophe has not already occurred.  The significant $ price rise in gold through 2002/3 should have initiated the crisis expected if - indeed - the scale of the short positions were as anticipated by GATA.

    In the cold light of day the apparently persuasive strength of GATA’s case needs to be measured against the enormous amount written daily about gold and financial markets. Given the tens of thousands of official sentences coming out of quasi-governmental institutions there are going to be ambiguous passages and inferences available to support any conspiracy theorist who looks for them for long enough. On this basis what looks like a clear case of fiddling the accounts can possibly be explained by wishful thinking and selective use of official statements, numbers and gossip.

    On the other hand GATA is probably right that the outside world does not know the whole truth - which is to be expected. If the BIS and the Fed believed that they could save a major banking player by a measured intervention in the gold market, conducted secretly, cleverly and legally - just - through the Exchange Stabilisation Fund, then they would do it, and possibly rightly so. They certainly ought to keep it quiet if they want it to work.

    The truth is almost certainly somewhere in the middle. It is likely that some modern economists believed gold was in long term oversupply, and was fundamentally useless in productive terms, and would therefore decline in price. It is likely they persuaded some central bankers - and/or unallocated custodians - to sell or lend their gold. It is likely they persuaded some willing investment bankers to believe in a gold carry trade, and it is likely that some money managers were prepared to believe their investment bankers. It is certain that some investment banks made a lot of money through the gold carry trade - either as principals or facilitators. It is even possible that some of their customers have too. Equally it is possible that the Washington Agreement (explained below) was a nasty shock to the carry traders and that the central banks intervened with urgency. It may even be the case that gold swaps have left large stores of gold in the custody of countries who don't own it.

    But surely there cannot be 8,000 tonnes of exposed gold shorts out there, can there? That's the entire US gold reserve.

    Well maybe there could, it's only 100 billion dollars worth. LTCM could have shorted that before lunch, and come back for more in the afternoon - on leveraged capital of only $5 billion! There were banks then which were dumb enough to let them do it on the derivatives markets, so who knows?

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    The Washington Agreement

    The Washington Agreement - mentioned above - is an interesting bit of state sponsored market manipulation. The following is a quote from the website of USA Gold

    [The Washington Agreement] began with a statement released jointly by European central banks from Washington, D.C. on Sunday, 26 September 1999 under support of the following signatories---

    The European Central Bank and the central banks of Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, Switzerland, and England.

    Mr. Wim Duisenberg, President of the European Central Bank, announced the joint Statement on Gold:

    "In the interest of clarifying their intentions with respect to their gold holdings, the above institutions make the following statement:

    1. Gold will remain an important element of global monetary reserves.

    2. The above institutions will not enter the market as sellers, with the exception of already decided sales.

    3. The gold sales already decided will be achieved through a concerted programme of sales over the next five years. Annual sales will not exceed approximately 400 tons and total sales over this period will not exceed 2,000 tons.

    4. The signatories to this agreement have agreed not to expand their gold leasings and their use of gold futures and options over this period.

    5. This agreement will be reviewed after five years."

    The gold bulls were ecstatic and chased the price dramatically upwards from $260 to $325. They were later devastated when the temporary rally ran out of steam and the price fell back to $278 within a couple of months. The conspiracy theorists thought something was afoot. The following extract comes from http://www.gata.org/bofi.html

    "According to reliable reports received by the plaintiff, this effort was later described by Edward A. J. George, Governor of the Bank of England and a director of the BIS, to Nicholas J. Morrell, Chief Executive of Lonmin Plc:

    'We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The U.S. Fed was very active in getting the gold price down. So was the U.K.'"

    Lonmin, incidentally, had lost a huge amount of money in Ashanti - a hedging miner - which had been whiplashed by the price spike. But even if it's true that Mr George sunk the rally with his US allies it could reasonably be argued that it was the least they could do. After all it was the central banks which were behind the intervention which caused the rally in the first place, and this could easily be seen as the immediate cause of financial instability.

    Everything can easily be turned completely upside down. The Washington Agreement to which the market reacted in such a bullish way now hangs over the gold market with its implication of future oversupply. Had there really been a mutual European central bank desire to defend the value of their gold reserves they would have done immeasurably better by stating that all the parties intended to treat gold as a long term monetary reserve for the foreseeable future, but retained their strict independence of action. The attaching to the agreement of a firm commitment for a 5 year period laced the whole arrangement with bearish possibilities. For all the market now knows there are four or five willing central bank sellers of gold within the signatories, and their bullion will flood onto the market in 2004. It's hard to envisage a more effective mechanism for capping enthusiasm for gold, especially when you realise that points 2, 3, 4 and 5 of the statement were busily reminding the market how actively bearish the signatories had recently been.

    Sometimes it looks almost as if it was a package designed by an investment bank which had sold five year call options (and, if it was clever enough, had bought one month call options as a hedge for the announcement). An equally amusing conspiracy theory is that the Washington Agreement was designed by central banks themselves to depress the gold price to ensure they didn’t look too stupid as they continued to dump. After all, unlike all other gold investors, governments are far more concerned about possible electoral damage than the financial damage of being shown to have got it wrong. Perhaps they were simply temporarily embarrassed when the price went bananas.

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    How much gold is being produced ?

    Global gold production peaked in 1999 at just over 2,600 tonnes, having risen steadily from a 1980 base of about 1300 tonnes. In 2002 global gold production was running at just under 2,600 tonnes per annum,   It is considered that lack of exploration expenditure in the 1990s, coupled with the inherent delays between discovery and production mean than the gold supply will remain inelastic and is likely to reduce slowly over the coming few years.

    The geographical breakdown of major global producers (in tonnes) is as follows :-

    CountryProduction
    South Africa428.3
    United States of America353.0
    Australia295.7
    China175.0
    Canada153.8
    Russia144.0
    Peru133.0
    Indonesia124.6

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    How much gold is being consumed?

    Gold is not really 'consumed' in the sense that it doesn't get used up, but its demand runs at about 3800 tonnes per year - notably faster than it is being mined (2,600 tonnes).

    Gold demand is very much harder to evaluate than production, because while production is concentrated in a relatively small number of mines demand is distributed throughout the world.  This makes it difficult for anyone to build a statistically accurate picture. Some of the difficulties are as follows :

      Many buyers of gold are deliberately secretive. 

      In particular the recycling of scrap does not lend itself to measurement because recycling can utilise scrap supply and meet a demand without going anywhere near a statistician.

      Unallocated gold is difficult to measure because it is often notional.

    So all figures which report gold demand should be reviewed sceptically.

    However, undeniably by far gold's major demand comes from jewellery manufacture [2,727 tonnes in 2002]*. The main other demand comes from retail investment - i.e. from gold's use as a private reserve asset [340 tonnes in 2002]. The amount used in industry, e.g. in electronics and dental surgery combines to a further 340 tonnes.

    New potential uses are announced periodically but they suggest an industry PR campaign attempting to persuade people that gold is an industrially valuable commodity.  This is not currently true!

    The following table summarises six years of global gold demand [tonnes] by usage :-
     
    Uses199719981999200020012002Average
    Jewellery33113181315131873064 27273103
    Retail Investment459270360156349340322
    Industrial419392411457357347397
    Total4189384339223800377034133823

    *Source: World Gold Council

    The geographical breakdown of demand illustrates its jewellery based nature.  Because of its importance in Indian marriage ceremonies India leads the table.  The USA is second because of the broad affordability of gold jewellery for a large section of the world's richest society.

    Geographical breakdown of the world's gold consumers :

    Nations/Regions Consumption2001 (Tonnes)
    India855
    USA409
    China298
    SE Asia285
    Europe260
    Saudi Arabia228
    Gulf States165
    South Korea124
    Egypt120
    Turkey120
    Pakistan119
    Japan109

    *Source: World Gold Council

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    How is the production shortfall made up?

    There is a supply side shortage of gold bullion.  Average annual demand over 5 years is about 3800 tonnes and mined supply is a bit less than 2600 tonnes.

    With less than 2,600 tonnes supplied from the mines a further 15% [600 tonnes] of annual demand is met from scrap jewellery and bullion and the remaining significant shortage of almost 20% [about 800 tonnes] is being met by sales of central bank gold reserves.  More details of the reasoning behind central bank sales follow in the section on gold trading.

    Much of the selling is done in relative secret but some of the central banks publish details :-

    Germany - sold 12 tonnes of gold in 2001, as commemorative gold coins.*

    Holland declared a policy of selling 300 tonnes over 5 years from 1999.  The Dutch do not advertise their sales in the market as they happen.  They have sold 100 tonnes in year 1. 27 tonnes in year 2.  9 tonnes in year 3, and 33 tonnes in year 4 (so far).*

    Portugal sold 15 tonnes in December 2002 and 30 tonnes in February 2003, apparently as a result of options taken out in 1997/8.*

    Switzerland plans to sell 1300 tonnes.  They have sold annual amounts of 120, 220 and 283 tonnes, project a further 283 tonnes in 2003  and will cease selling after 2004.*

    The UK has sold 395 tonnes in a public auction programme which finished in March 2002.*


    *Source: World Gold Council
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