Gold

Table of Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

• Study Reliability And Reporting Limitations I-1
• Disclaimers I-2
• Data Interpretation & Reporting Level I-2
• CAGR Disparities Between Historic & Current Data I-3
• Quantitative Techniques & Analytics I-3
• Product Definitions And Scope Of Study I-3

II. EXECUTIVE SUMMARY

1. Industry Overview II-1

• Influence of Political and Social Uncertainties on Gold Industry II-1
• Demand for Gold as an Investment II-1
• Environmental Concerns II-1

2. Global Market Analysis II-3

• Regional Review II-3
• Asia-Pacific Exhibits Strong Demand II-3
• India - World's Largest Consumer of Gold II-3
• Turkey - The Fastest Growing Market II-4
• Review by End-Use Segment II-4
• Table 1: World Market for Gold (2001-2010): End-Use Segment Ranked by Growth - Jewelry, Identifiable Investment, and Industrial Applications (includes corresponding Graph/Chart) II-4
• World's Leading Gold Producers II-4

3. Trends and Issues II-5

• Rising Gold Prices Increase Mining Activity II-5
• Gold Retains Purchasing Power II-5
• Gold Limits Profits Made by Banks II-5
• Impact of Gold Mining on Developing Nations II-5
• Consolidation in Canadian Gold Industry II-5
• IMF- The Largest Official Holder of Gold II-6
• Articles of April 1978 Agreement Limit Use of Gold in IMF's operations II-6
• Central Bank's Affect on Gold Market II-6
• Newer Shades of Gold Introduced into the Market II-6
• Platinum Bows Out to White Gold II-6
• Production Trends II-7
• Table 2: Gold Production Statistics by Major Gold Producing Regions for the Year 2005 (in tons)
• (includes corresponding Graph/Chart) II-7
• Declining Jewelry Manufacture in Italy II-7
• Decreasing Gold Production in the World's Largest Gold Producing Region II-8
• Declining Gold Production in Zimbabwe II-8
• Price Trends II-8
• Table 3: Gold Price Trends: 2001 to 2005 (includes corresponding Graph/Chart) II-8
• Factors Affecting Gold Prices II-8

4. Product Overview II-9

• Physical Properties of Gold II-10
• Electrical Conductivity II-10
• Infrared Reflectivity II-10
• Corrosive Resistant II-10
• Thermal Conductivity II-10
• Ductility and Malleability II-10
• Chemical Properties of Gold II-10
• Uses of Gold II-11
• Standards of Measurement and Pricing II-11
• Mining Gold II-11
• Panning II-11
• Hydraulic Mining II-11
• Other Procedures II-12
• The Amalgam Process II-12
• The Cyanide Process II-12
• Purity that Defines Gold II-12
• Table 4: Fineness of Gold in Karats II-12

5. Brief History of the Yellow Metal II-13

• Gold Mining Across the World II-13
• Nineteenth Century II-13
• Essequibo Gold Fields II-13
• Gold Coast of West Africa II-13
• Brazil, Russia and Egypt II-13
• Discovery at the American River II-14
• Discovery of Gold Reefs in the Witwatesrand Basin of South Africa II-14
• Other Major Discoveries II-14
• Twentieth Century II-14

6. Overview of End-Use Applications II-15

• Jewelry II-15
• Jewelry Demand by Key Consuming Markets II-15
• India II-15
• United States II-15
• China II-15
• Turkey II-16
• Middle East II-16
• Categories of Gold Jewelry II-16
• Gold in Investment II-16
• Industrial Applications of Gold II-16
• Dentistry II-16
• Electronics II-17
• Other Industrial Applications II-17

7. Focus on Key Gold Regulatory Authorities II-18

• World Gold Council II-18
• Basic Responsibilities of the World Gold Council II-18
• Major Publications II-18
• Australian Gold Council II-18
• China Gold Association II-18
• Responsibilities of China Gold Association II-19
• London Bullion Market Association II-19

8. Recent Industry Activity II-21

• Goldcorp Acquires Placer Assets from Barrick II-21
• Goldcorp Acquires Eleonore Gold Project II-21
• Rand Plans for a New Gold Refinery in India II-21
• Cluff Gold All Set to Initiate Two African Projects II-21
• Kazinform Receives Investment to Start Gold Production in Kyrgyzstan II-21
• AngloGold Ashanti Pens Heads of Agreement with Antofagasta II-21
• AngloGold Ashanti Signs Heads of Agreement with Bema Gold II-22
• AngloGold Ashanti Pens Agreement with Dynasty Gold II-22
• Arizona Star Enters into Agreement with Barrick Gold and Bema Gold II-22
• Barrick Gold Announces Agreement with Antofagasta II-22
• Bema Gold Corporation Receives Rosgoteknadzar's Approval II-23
• Canyon Resources Announces Sand Creek Joint Venture (USA) II-23
• Gold Fields and Bolivar Gold Announce Completion of Plan of Arrangement II-23
• Gold Fields Acquires Stake in Sino Gold II-23
• Gold Fields Announces Completion of Cerro Corona Project Acquisition II-23
• Newmont Receives Government Approval for Boddington Project Acquisition II-23
• Newmont to Develop Boddington Project Jointly with Anglogold II-24
• Newmont Announces Buyat Bay Agreement with The Government of Indonesia II-24
• Pure Gold Enters into Agreement with De Beers II-24
• Apollo Gold Closes Private Placement with Jipangu II-24
• Coeur Announces Discovery of Two High-Grade Vein Systems II-24
• Glamis Finalizes Tax Agreement With Guatemala II-24
• Glamis Announces Finalization of Western Silver Transaction II-25
• LKA Announces Expansion of Golden Wonder Mine II-25
• Kinross Agrees to Renew Crown Resources Acquisition Agreement II-25
• Bema Announces the Discovery of New Gold and Silver Vein System II-25
• Agnico-Eagle Announces Plans for LaRondeII Gold Project II-25
• Agnico-Eagle Announces Plans to build Kittila Gold Mine II-25
• Agnico-Eagle Exercises Option to Acquire Pinos Altos Project II-26
• Eldorado Acquires Major Interest in Tanjianshan Project II-26
• Harmony Acquires Equity Stake in Village Main Reef Gold Mining Company II-26
• Oxiana Elected to Sole Fund Drilling of Four Copper-Gold Targets II-26
• IAMGOLD Plans to Acquire Gallery Gold II-26
• Meridian Gold Signs an Agreement with Minera Florida II-26
• Randgold Resources Opens New Gold Mine at Loulo II-27
• Eldorado and Afcan Announces Completion of Compromise II-27
• GBS Gold Announces Acquisition of Major Stake in Terra Gold II-27
• Pacific Magnesium Agrees to Acquire 4 Copper-Gold Projects from Giralia II-27
• Midas Resources Signs MOU with Zhonglin II-27
• Three Key Gold Producers Plans to Merge into Single Company II-28
• AngloGold Agrees to Sell Laverton Exploration Assets II-28
• Barrick Gold Announces the Acquisition of Interest in Diamondex II-28
• Minera Barrick Announces Signing of a Collective Agreement II-28
• Cambior Enters into an Agreement with Quadra Mining to Sell Carlota II-28
• Cambior Enters into Purchase Agreement with Aurizon II-28
• Canyon Resources Enters into Agreement with Vista Gold II-29
• Canyon Announces Option to Acquire the Suitcase and Mineral Hill Deposits II-29
• Canyon Commences Drilling on Goldtooth Exploration Program II-29
• Canyon Signs an Agreement to Reacquire Briggs Crushing Plant II-29
• Falconbridge Limited Reaches Agreement with CAW-Local 599 II-29
• Falconbridge Announces Acquisition of Units of Blackstone Ventures II-29
• Falconbridge Limited Announces Noranda and Falconbridge Amalgamation II-30
• Falconbridge announces Advances in Koniambo Joint Venture II-30
• Mvelaphanda Resources Sings MOU with Burk II-30
• Mvelaphanda and Gold Fields Finalize Deal Terms II-30
• Newmont Announces Sale of Golden Grove II-30
• Newmont Announces Completion of Ovacik Sale II-30
• Sons of Gwalia Announces the Completion of Gold Division Sale II-31
• Apollo Gold Enters into Purchase Agreement with Jipangu II-31
• LKA International to Double Interest in Golden Wonder Mine II-31
• Kinross Acquires Ownership Interest in Round Mountain Open Pit Mine II-31
• Cambior Acquires Ariane Gold II-31

9. Focus on Select Global Players II-32

• AngloGold Ashanti (South Africa) II-32
• Arizona Star Resource Corp (Canada) II-32
• Apollo Gold Corporation (USA) II-32
• Agnico-Eagle Mines Limited (Canada) II-32
• Barrick Gold Corporation (Canada) II-32
• Bema Gold Corporation (Canada) II-33
• Cripple Creek & Victor Gold Mining Company (USA) II-33
• Coeur D'alene Mines Corporation (USA) II-33
• Centerra Gold Inc. (Canada) II-33
• Cambior Inc. (Canada) II-34
• Canyon Resources Corporation (USA) II-34
• Eldorado Gold Corporation (Canada) II-34
• Freeport-McMoran Copper & Gold Inc (USA) II-34
• Falconbridge Limited (Canada) II-34
• Goldcorp Inc. (USA) II-35
• Wharf Resources Inc. (USA) II-35
• Gold Fields Limited (South Africa) II-35
• Glamis Gold Inc (USA) II-35
• Harmony Gold Mining Company Limited (South Africa) II-35
• Hecla Mining Company (USA) II-35
• IAMGOLD Corporation (Canada) II-36
• Kinross Gold Corporation (Canada) II-36
• LKA International, Inc. (USA) II-36
• Lihir Gold Limited (USA) II-36
• Meridian Gold Inc (USA) II-36
• Mvelaphanda Resources Ltd (South Africa) II-37
• Newmont Mining Corporation (South Africa) II-37
• Nevada Pacific Gold Ltd. (USA) II-37
• Oxiana Limited (Australia) II-37
• Pure Gold Minerals Inc (Canada) II-37
• Peninsular Gold Limited (Malaysia) II-38
• Quadra Mining Ltd (Canada) II-38
• Queenstake Resources Ltd. (USA) II-38
• Randgold Resources Limited (UK) II-38
• Rio Tinto PLC (UK) II-38
• Sons of Gwalia Ltd (Australia) II-38
• Western Goldfields, Inc. (USA) II-39

10. Global Market Perspective II-40

• Table 5: World Recent Past, Current & Future Analysis for Gold by Geographic Region - USA, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), Middle East, and Rest of World Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-40
• Table 6: World 10-Year Perspective for Gold by Geographic Region - Percentage Breakdown of Annual Demand for US, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), the Middle East and Rest of World Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) II-40
• Gold by End-Use Segments II-41
• Table 7: World Recent Past, Current & Future Analysis for Gold Jewelry by Geographic Region - USA, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), Middle East, and Rest of World Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-41
• Table 8: World 10-Year Perspective for Gold Jewelry by Geographic Region - Percentage Breakdown of Annual Demand for US, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), the Middle East and Rest of World Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) II-41
• Table 9: World Recent Past, Current & Future Analysis for Gold in Investment by Geographic Region - USA, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), Middle East, and Rest of World Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-42
• Table 10: World Recent Past, Current & Future Analysis for Gold in Industrial Applications by Geographic Region - USA, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), Middle East, and Rest of World Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-43
• Table 11: World 10-Year Perspective for Gold in Industrial Applications by Geographic Region - Percentage Breakdown of Annual Demand for US, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), the Middle East and Rest of World Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) II-43
• Table 12: World Recent Past, Current & Future Analysis for Gold in Dental Applications by Geographic Region - USA, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), Middle East, and Rest of World Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-44
• Table 13: World 10-Year Perspective for Gold in Dental Applications by Geographic Region - Percentage Breakdown of Annual Demand for US, Japan, Europe, Turkey, Asia-Pacific (excluding Japan), the Middle East and Rest of World Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) II-44

III. MARKET

1. The United States III-1

• A. Market Analysis III-1
• Current and Future Analysis III-1
• Second Largest Gold Producing Nation III-1
• Gold Mining - A Major Source of Employment III-1
• Contribution of Gold to the US Economy III-1
• Gold Sales on a Rise III-2
• Recent Industry Activity III-2
• Key Players III-5
• Apollo Gold Corporation III-5
• Cripple Creek & Victor Gold Mining Company III-5
• Coeur D'alene Mines Corporation III-5
• Canyon Resources Corporation III-6
• Freeport-McMoran Copper & Gold Inc III-6
• Goldcorp Inc. III-6
• Glamis Gold Inc III-6
• Hecla Mining Company III-6
• LKA International, Inc. III-7
• Lihir Gold Limited III-7
• Meridian Gold Inc III-7
• Nevada Pacific Gold Ltd. III-7
• Queenstake Resources Ltd. III-7
• Western Goldfields, Inc. III-7
• Wharf Resources Inc. III-7
• B. Market Analytics III-8
• Table 14: US Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, Investment, Industrial Applications and Dental Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-8
• Table 15: US 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment and Industrial Applications Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-8

2. Japan III-9

• A. Market Analysis III-9
• Current and Future Analysis III-9
• Evolution of Japanese Gold Market III-9
• Japan - World's Primary User of Gold in Electronics III-9
• Gold Accumulation Plans III-9
• B. Market Analytics III-10
• Table 16: Japanese Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, Investment, Industrial Applications, and Dental Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-10
• Table 17: Japanese 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, Industrial Applications and Dental Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-10

3. Europe III-11

• A. Market Analysis III-11
• Current and Future Analysis III-11
• B. Market Analytics III-11
• Table 18: European Market Recent Past, Current & Future Analysis for Jewelry by Geographic Region - Italy, UK, and Rest of Europe (excluding Turkey) Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-11
• Table 19: European 10-Year Perspective for Jewelry by Geographic Region - Percentage Breakdown of Annual Demand for Italy, UK, and Rest of European Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-12
• Table 20: European Market Recent Past, Current & Future Analysis for Investment by Geographic Region - Italy, UK, and Rest of Europe (excluding Turkey) Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-12
• Table 21: European Market Recent Past, Current & Future Analysis for Industrial Applications by Geographic Region - Italy, UK, and Rest of Europe (excluding Turkey) Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-13
• Table 22: European 10-Year Perspective for Jewelry by Geographic Region - Percentage Breakdown of Annual Demand for France, Germany, Switzerland, and Rest of European Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-13
• Table 23: European Market Recent Past, Current & Future Analysis for Dental by Geographic Region - Germany, Italy, and Rest of Europe (excluding Turkey) Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-14
• Table 24: European 10-Year Perspective for Jewelry by Geographic Region - Percentage Breakdown of Annual Demand for Germany, Italy, and Rest of European Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-14

3a. Italy III-15

• A. Market Analysis III-15
• Current and Future Analysis III-15
• Market Overview III-15
• High Gold Prices and Duties Affect Italian JewelryTrading III-15
• Italy Plans to Tap Russian Market III-15
• B. Market Analytics III-16
• Table 25: Italian Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry Market Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-16

3b. The United Kingdom III-17

• A. Market Analysis III-17
• Current and Future Analysis III-17
• Recent Industry Activity III-17
• Key Players III-17
• Randgold Resources Limited (UK) III-17
• Rio Tinto PLC (UK) III-17
• B. Market Analytics III-18
• Table 26: UK Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry Analyzed with Annual Demand in Tons for Years 2001 through 2010(includes corresponding Graph/Chart) III-18

3c. Rest of Europe III-19

• A. Market Analysis III-19
• Current and Future Analysis III-19
• Russia III-19
• Recovery from Depression III-19
• Gold Mining in the Russian Far East III-19
• Business Opportunities for US Exporters III-20
• B. Market Analytics III-20
• Table 27: Rest of Europe Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-20

4. Turkey III-21

• A. Market Analysis III-21
• Current and Future Analysis III-21
• Market Overview III-21
• Fluctuating Trends Exhibited by Turkish Gold Industry III-21
• Impact of Tourism on Demand III-21
• B. Market Analytics III-22
• Table 28: Turkish Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, and Investment Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-22
• Table 29: Turkish 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, and Investment Markets for Years 2001, 2006 & 2010 III-22

5. Asia-Pacific III-23

• A. Market Analysis III-23
• Current and Future Analysis III-23
• B. Market Analytics III-23
• Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Gold by Geographic Region - India, China, and Rest of Asia-Pacific Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-23
• Table 31: Asia-Pacific 10-Year Perspective for Gold By Geographic Region- Percentage Breakdown of Annual Demand for India, China, and Rest of Asia-Pacific Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-24
• Table 32: Asia-Pacific Recent Past, Current & Future Analysis for Gold by End-Use Segment- Gold Jewelry, and Investment Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-25
• Table 33: Asia- Pacific 10-Year Perspective for Gold by End-Use Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, Industrial Applications, and Dental Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-25

5a. India III-26

• A. Market Analysis III-26
• Current and Future Analysis III-26
• India - World's Largest Consumer of Gold III-26
• Demand for Gold in India Surpassing Supply III-26
• Increasing Importance as Investment Instrument III-26
• Need for Liberalization of Gold Trade III-26
• Gold Trading Routes into India III-27
• Fluctuating Prices of Gold Jewelry III-27
• Monsoons Impact on Gold Demand III-27
• Branded Jewelry: Making In-roads into India III-27
• Recent Industry Activity III-27
• B. Market Analytics III-28
• Table 34: Indian Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, and Investment, Industrial Applications Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-28
• Table 35: Indian 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, and Industrial Applications Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-28

5b. China III-29

• A. Market Analysis III-29
• Current and Future Analysis III-29
• Market Overview III-29
• Gold Jewelry Becomes Popular in China III-29
• Changes in the Demand Structure III-29
• Investors Influencing Gold Prices III-29
• China Increasing Gold Reserves III-30
• Recent Industry Activity III-30
• B. Market Analytics III-30
• Table 36: Chinese Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, Investment, and Industrial Applications Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-30
• Table 37: Chinese 10-Year Perspective for Gold by Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, and Industrial Applications Markets For Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-31

5c. Rest of Asia-Pacific III-32

• A. Market Analysis III-32
• Current and Future Analysis III-32
• Australia III-32
• Role of Research and Development III-32
• Innovations in Mining and Processing Mandatory III-32
• Invasion of Foreign Companies III-32
• Philippines III-33
• Privatization of State-Owned Mining Companies III-33
• Key Players of Philippines Gold Industry III-33
• Recent Industry Activity III-33
• Key Players III-34
• Oxiana Limited (Australia) III-34
• Peninsular Gold Limited (Malaysia) III-34
• Sons of Gwalia Ltd (Australia) III-34
• B. Market Analytics III-35
• Table 38: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, Investment, Industrial Applications, and Dental Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-35
• Table 39: Rest of Asia-Pacific 10-Year Perspective for Gold by Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, Industrial Applications, and Dental Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-35

6. The Middle East III-36

• A. Market Analysis III-36
• Current and Future Analysis III-36
• B. Market Analytics III-36
• Table 40: Middle East Recent Past, Current & Future Analysis for Gold by Geographic Region - Saudi Arabia and Rest of Middle East Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-36
• Table 41: Middle East 10-Year Perspective for Gold by Geographic Region - Percentage Breakdown of Annual Demand for Saudi Arabia and Rest of Middle East Markets For Years 2001, 2006 & 2010 III-37
• Table 42: Middle East Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, and Investment Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-37
• Table 43: Middle East 10-Year Perspective for Gold by End-Use Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, and Investment Application Markets for Years 2001, 2006 & 2010 III-37

6a. Saudi Arabia III-38

• A. Market Analysis III-38
• Current and Future Analysis III-38
• B. Market Analytics III-38
• Table 44: Saudi Arabian Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, and Investment Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-38
• Table 45: Saudi Arabian 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, and Investment Application Markets for Years 2001, 2006 & 2010 III-38

6b. Rest of Middle East III-39

• A. Market Analysis III-39
• Current and Future Analysis III-39
• Dubai: The Emerging "City of Gold" III-39
• Iran III-39
• Investment in Gold Coins III-39
• Gold Exports to be Liberalized in Future III-39
• Increase in Gold Prices III-40
• Recent Industry Activity III-40
• B. Market Analytics III-40
• Table 46: Rest of Middle East Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, and Investment Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-40
• Table 47: Rest of Middle East 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, and Industrial Application Markets for Years 2001, 2006 & 2010 III-41

7. Rest of World III-42

• A. Market Analysis III-42
• Current and Future Analysis III-42
• Africa III-42
• Major International Mining Companies Active in African Gold Industry III-42
• South Africa - World's Leading Gold Producer III-42
• Heavy Expenditure Incurred on Gold Mining III-43
• Increase in Productivity to Revive the Industry III-43
• Efforts to Reduce Dependency on Gold Prices Bearing Fruits III-43
• Tanzania III-43
• Latin America III-44
• Market Overview III-44
• Small-Scale Mining Vs Large- Scale Mining III-44
• The Amazon Belt III-44
• Several Countries Increasing their Investments III-45
• Mercury Pollution the Primary Concern III-45
• Environmental Concerns III-45
• Recent Industry Activity III-45
• Key Players III-51
• AngloGold Ashanti (South Africa) III-51
• Arizona Star Resource Corp (Canada) III-52
• Agnico-Eagle Mines Limited (Canada) III-52
• Centerra Gold Inc. (Canada) III-52
• Barrick Gold Corporation (Canada) III-52
• Bema Gold Corporation (Canada) III-53
• Cambior Inc. (Canada) III-53
• Newmont Mining Corporation (South Africa) III-53
• Eldorado Gold Corporation (Canada) III-53
• Falconbridge Limited (Canada) III-53
• Gold Fields Limited (South Africa) III-54
• Harmony Gold Mining Company Limited (South Africa) III-54
• IAMGOLD Corporation (Canada) III-54
• Kinross Gold Corporation (Canada) III-54
• Mvelaphanda Resources Ltd (South Africa) III-55
• Pure Gold Minerals Inc (Canada) III-55
• Quadra Mining Ltd (Canada) III-55
• B. Market Analytics III-56
• Table 48: Rest of World Recent Past, Current & Future Analysis for Gold by End-Use Segment - Gold Jewelry, Investment, Industrial Applications, and Dental Markets Independently Analyzed with Annual Demand in Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-56
• Table 49: Rest of World 10-Year Perspective for Gold By Product Segment - Percentage Breakdown of Annual Demand for Gold Jewelry, Investment, Industrial Applications, and Dental Markets for Years 2001, 2006 & 2010 (includes corresponding Graph/Chart) III-56

IV. COMPETITION

• 1. A1 Minerals Limited (Australia) IV-1
• 2. Acrex Ventures Ltd. (Canada) IV-2
• 3. African Rainbow Minerals Limited (South Africa) IV-4
• 4. AGD Mining Ltd. (Australia) IV-5
• 5. Agincourt Resources Limited (Australia) IV-6
• Table 50: Annual Sales Analysis: 2004-2005 (In A$ million) IV-6
• 6. Agnico-Eagle Mines Limited (Canada) IV-7
• Table 51: Annual Sales Analysis: 2004-2005 (In US$ million) IV-8
• Table 52: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-8
• Table 53: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-8
• 7. AIM Resources Limited (Australia) IV-10
• 8. Alamos Gold, Inc. (Canada) IV-12
• 9. Alumina Limited (Australia) IV-14
• Table 54: Annual Sales Analysis: 2004-2005 (In A$ million) IV-14
• 10. Amanta Resources Ltd. (Canada) IV-16
• 11. Amazonia Mineracao Ltda (Brazil) IV-17
• 12. American Bonanza Gold Corporation (Canada) IV-17
• 13. Amerigo Resources Ltd. (Canada) IV-18
• Table 55: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-18
• Table 56: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-19
• 14. AMI Resources, Inc. (Canada) IV-20
• 15. Andean American Mining Corporation (Canada) IV-22
• Table 57: Annual Sales Analysis: 2004-2006 (In Can$ million) IV-22
• 16. Anglo American PLC (UK) IV-24
• Table 58: Annual Sales Analysis: 2003-2005 (In US$ billion) IV-26
• 17. AngloGold Ashanti Limited (South Africa) IV-28
• Table 59: Half Yearly Sales Analysis: 2005-2006 (H1) (In R million) IV-28
• Table 60: Annual Sales Analysis: 2004-2005 (In R million) IV-29
• 18. Antofagasta PLC (UK) IV-31
• 19. Apollo Gold Corporation (USA) IV-32
• Table 61: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-33
• Table 62: Annual Sales Analysis: 2004-2005 (In US$ million) IV-33
• Table 63: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-33
• Table 64: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-33
• 20. Arizona Star Resource Corporation (Canada) IV-35
• 21. Asarco LLC (USA) IV-36
• 22. Ashburton Minerals Ltd. (Australia) IV-39
• 23. Atlantic Gold Nl (Australia) IV-39
• 24. Aurelian Resources, Inc. (Canada) IV-40
• 25. Aurizon Mines Ltd. (Canada) IV-43
• Table 65: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-43
• Table 66: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In Can$ million) IV-44
• Table 67: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-44
• Table 68: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-44
• 26. Aurogin Resources Ltd. (Canada) IV-46
• 27. Avino Silver & Gold Mines Ltd. (Canada) IV-48
• 28. Avocet Mining Plc (UK) IV-49
• Table 69: Annual Sales Analysis: 2004-2006 (In US$ million) IV-50
• Table 70: Annual Sales Analysis by Geographic Region: 2005-2006 (In US$ million) IV-50
• 29. AXG Mining Limited (Australia) IV-52
• Table 71: Half Yearly Sales Analysis: 2005-2006 (H1) (In A$ million) IV-52
• 30. Ballad Gold & Silver Ltd. (Canada) IV-53
• 31. Ballarat Goldfields NL (Australia) IV-54
• 32. Bandera Gold Ltd. (Canada) IV-55
• 33. Band-Ore Resources Ltd. (Canada) IV-56
• 34. Banro Corporation (Canada) IV-57
• 35. Barrick Gold Corporation (Canada) IV-58
• Table 72: Annual Sales Analysis: 2004-2005 (In US$ million) IV-58
• Table 73: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-58
• Table 74: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-59
• Minera Barrick Misquichilca (Peru) IV-60
• 36. Beaconsfield Gold NL (Australia) IV-61
• Table 75: Annual Sales Analysis: 2004-2005 (In A$ million) IV-62
• 37. Belvedere Resources Ltd. (Canada) IV-63
• 38. Bema Gold Corporation (Canada) IV-64
• Table 76: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In Can$ million) IV-65
• Table 77: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-65
• Table 78: Annual Sales Analysis by Business Segment: 2004-2005 (In Can$ million) IV-65
• Table 79: Quarterly Sales Analysis: 2004-2005 (In Can$ million) IV-65
• 39. Bendigo Mining Limited (Australia) IV-68
• 40. Benguet Corporation (The Philippines) IV-69
• 41. Bishop Gold, Inc. (Canada) IV-71
• 42. Blanchard And Company, Inc. (USA) IV-72
• 43. BMA Gold Ltd. (Australia) IV-72
• 44. Boliden AB (Sweden) IV-73
• Table 80: Annual Sales Analysis: 2004-2005 (In SEK billion) IV-73
• Table 81: Annual Sales Analysis by Geographic Region: 2004-2005 (In SEK billion) IV-73
• 45. Bolnisi Gold NL (Australia) IV-75
• Table 82: Annual Sales Analysis: 2004-2005 (In A$ million) IV-75
• 46. Boulder Mining Corporation (Canada) IV-76
• 47. Boxxer Gold Corporation (Canada) IV-78
• 48. Bravo Venture Group, Inc. (Canada) IV-78
• 49. Brazauro Resources Corporation (USA) IV-79
• 50. Breakwater Resources Ltd. (Canada) IV-80
• Table 83: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ thousands) IV-81
• Table 84: Annual Sales Analysis: 2004-2005 (In Can$ thousands) IV-81
• 51. Brookmount Explorations, Inc. (Canada) IV-83
• 52. Bullion River Gold Corporation (USA) IV-85
• 53. CABO Drilling Corporation (Canada) IV-86
• Table 85: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, March) (In Can$ million) IV-86
• Table 86: Nine Months Sales Analysis by Quarter: 2005-2006 (Nine Months Ended, March) (In Can$ million) IV-87
• 54. Calais Resources Inc. (USA) IV-91
• 55. Caledon Resources PLC (UK) IV-93
• 56. Caledonia Mining Corporation (Canada) IV-95
• Table 87: First Quarter Sales Analysis: 2005-2006 (In Can$ thousands) IV-97
• Table 88: Annual Sales Analysis: 2004-2005 (In Can$ thousands) IV-97
• Table 89: Quarterly Sales Analysis: 2004-2005 (In Can$ thousands) IV-97
• 57. Callinan Mines Ltd. (Canada) IV-99
• 58. Cambior, Inc. (Canada) IV-101
• Table 90: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-101
• Table 91: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-102
• 59. Cambridge Mineral Resources PLC (UK) IV-103
• 60. Camec PLC (UK) IV-108
• 61. Campbell Resources, Inc. (Canada) IV-110
• Table 92: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-111
• Table 93: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-111
• Table 94: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-111
• 62. Canaco Resources, Inc. (Canada) IV-113
• 63. Canarc Resource Corporation (Canada) IV-114
• 64. Cancor Mines, Inc. (Canada) IV-115
• 65. Candente Resource Corporation (Canada) IV-116
• 66. Cangold Limited (Canada) IV-117
• 67. Canplats Resources Corporation (Canada) IV-119
• 68. Canstar Resources, Inc. (Canada) IV-120
• 69. Canyon Resources Corporation (USA) IV-121
• Table 95: Half Yearly Sales Analysis:
• 2005-2006 (H1) (In US$ million) IV-121
• Table 96: Annual Sales Analysis: 2004-2005 (In US$ million) IV-122
• Table 97: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-122
• 70. Capital Gold Corporation (USA) IV-124
• 71. Capstone Mining Corporation (Canada) IV-125
• 72. Cardero Resource Corporation (Canada) IV-127
• 73. Carpathian Gold, Inc. (Canada) IV-132
• 74. Cassidy Gold Corporation (Canada) IV-134
• 75. Castle Minerals Limited (Australia) IV-135
• 76. Castlemaine Goldfields Limited (Australia) IV-136
• 77. Celtic Resources Holdings Plc (UK) IV-137
• Table 98: Annual Sales Analysis: 2004-2005 (In US $ million) IV-137
• 78. Centamin Egypt Limited (Australia) IV-138
• Table 99: Annual Sales Analysis: 2004-2005 (In A$ million) IV-139
• 79. Centerra Gold (Canada) IV-140
• Table 100: Annual Sales Analysis: 2004-2005 (In US$ million) IV-140
• Table 101: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-141
• 80. Central Asia Gold Limited (Australia) IV-143
• 81. Central China Goldfields PLC (China) IV-145
• 82. Century Gold LLC (USA) IV-147
• 83. Century Mining Corporation (USA) IV-148
• 84. Cerro Dorado, Inc. (USA) IV-149
• 85. Chalice Gold Mines Limited (USA) IV-150
• 86. Champion Bear (Canada) IV-151
• 87. Channel Resources Ltd. (Canada) IV-152
• 88. Chesapeake Gold Corporation (Canada) IV-153
• Table 102: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-155
• 89. China Diamond Corporation (Canada) IV-157
• 90. Christopher James Gold Corporation (Canada) IV-160
• 91. Chugai Mining Co., Ltd. (Japan) IV-162
• Table 103: First Quarter Sales Analysis: 2006-2007 (In ¥ million) IV-162
• Table 104: Annual Sales Analysis: 2005-2006 (In ¥ million) IV-162
• 92. Citigold Corporation Limited (Australia) IV-163
• Table 105: Annual Sales Analysis: 2004-2005 (In A$ million) IV-164
• 93. Claude Resources, Inc. (Canada) IV-165
• Table 106: Annual Sales Analysis: 2004-2005 (In US$ million) IV-165
• 94. Clifton Mining Company (USA) IV-166
• 95. Climax Mining Limited (Australia) IV-167
• Table 107: Annual Sales Analysis: 2004-2005 (In US$ thousands) IV-168
• 96. Cluff Gold PLC (UK) IV-168
• 97. Coeur D'alene Mines Corporation (USA) IV-169
• Table 108: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-170
• Table 109: Half Yearly Sales Analysis by Business Segment: 2005-2006 (H1) (In US$ million) IV-171
• Table 110: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In US$ million) IV-171
• Table 111: Annual Sales Analysis: 2004-2005 (In US$ million) IV-171
• Table 112: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-171
• Table 113: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-172
• 98. Colombia Goldfields Ltd. (Canada) IV-173
• 99. Committee Bay Resources Ltd. (Canada) IV-175
• 100. Compania de Minas Buenaventura S.A.A. (Peru) IV-177
• Table 114: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-177
• Table 115: Annual Sales Analysis: 2004-2005 (In US$ million) IV-178
• 101. Conquest Mining Limited (Australia) IV-179
• Table 116: Annual Sales Analysis: 2004-2005 (In US$ million) IV-179
• 102. Conquest Resources Limited (Canada) IV-180
• 103. Conroy Diamonds And Gold PLC (UK) IV-180
• 104. Consolidated Gold Win Ventures, Inc. (Canada) IV-181
• 105. Continuum Resources Ltd. (Canada) IV-183
• 106. Coral Gold Resources Ltd. (Canada) IV-184
• 107. Corex Gold Corporation (Canada) IV-185
• 108. Coronado Resources Ltd. (Canada) IV-187
• 109. Corriente Resources Inc. (Canada) IV-188
• 110. Cortona Resources Limited (Australia) IV-190
• 111. Crescent Gold Mining Ltd. (Australia) IV-191
• 112. Crew Gold Corporation (Canada) IV-192
• 113. Cripple Creek & Victor Gold Mining Company (USA) IV-192
• 114. Croesus Mining NL (Australia) IV-193
• Table 117: Annual Sales Analysis: 2003-2005 (In A$ billion) IV-193
• 115. Crystallex International Corporation (Canada) IV-194
• 116. Cumberland Resources Ltd. (Canada) IV-196
• Table 118: Annual Sales Analysis: 2003-2005 (In Can$ million) IV-197
• 117. Currie Rose Resources, Inc. (Canada) IV-198
• 118. Cusac Gold Mines Ltd. (Canada) IV-200
• 119. Cypress Development Corporation (Canada) IV-202
• 120. CZM Capital Corporation (Canada) IV-204
• 121. Deccan Gold Mines Ltd. (India) IV-205
• 122. DIA Bras Exploration, Inc. (Canada) IV-207
• 123. Diadem Resources (Canada) IV-209
• 124. Dialex Minerals, Inc. (Canada) IV-209
• 125. Diamond Rose NL (Australia) IV-210
• 126. Diatreme Resources (Australia) IV-212
• 127. Dioro Exploration NL (Australia) IV-213
• 128. Douglas Lake Minerals, Inc. (Canada) IV-213
• 129. Dowa Mining Co., Ltd. (Japan) IV-214
• 130. Dragon Mining NL (Australia) IV-215
• Table 119: Half Yearly Sales Analysis: 2005-2006 (H1) (In A$ million) IV-217
• Table 120: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In A$ million) IV-217
• Table 121: Annual Sales Analysis: 2004-2005 (In A$ million) IV-217
• Table 122: Annual Sales Analysis by Business Segment: 2004-2005 (In A$ million) IV-217
• Table 123: Annual Sales Analysis by Geographic Region: 2004-2005 (In A$ million) IV-218
• 131. Drake Resources (Australia) IV-220
• 132. DRD Gold Limited (South Africa) IV-222
• Table 124: Annual Sales Analysis: 2004-2005 (In R million) IV-223
• Table 125: Annual Sales Analysis by Business Segment: 2004-2005 (In R million) IV-223
• 133. Dundee Precious Metals, Inc. (Canada) IV-225
• Table 126: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-226
• Table 127: Annual Sales Analysis by Business Segment: 2004-2005 (In Can$ million) IV-226
• 134. Dynacor Mines, Inc. (Canada) IV-228
• Table 128: Annual Sales Analysis: 2003-2005 (In US$ million) IV-228
• Table 129: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-228
• 135. Dynasty Gold Corporation (Canada) IV-230
• 136. Dynasty Metals (Australia) IV-230
• 137. Eagle Bay Resources (USA) IV-231
• Table 130: Annual Sales Analysis: 2004-2005 (In US$ million) IV-231
• 138. Eagle Plains Resources Ltd. (Canada) IV-232
• 139. Eaglecrest Explorations Ltd. (Canada) IV-234
• 140. East Asia Minerals Corporation (Canada) IV-235
• 141. East West Resource Corporation (Canada) IV-237
• 142. Eastern Mediterranean Resources (Cyprus) IV-241
• 143. Eastfield Resources (Canada) IV-242
• 144. Eastmain Resources, Inc. (Canada) IV-244
• 145. Echo Resources Ltd. (Australia) IV-246
• 146. Echo Resources (South Africa) IV-247
• 147. Ecstall Mining Corporation (Canada) IV-248
• 148. ECU Silver Mining, Inc. (Canada) IV-251
• Table 131: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-252
• Table 132: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-252
• Table 133: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-252
• ECU Silver Mining, Inc. (Mexico) IV-253
• 149. Ekwan-X, Inc. (Canada) IV-254
• 150. Eldorado Gold Corporation (Canada) IV-255
• Table 134: Annual Sales Analysis: 2003-2005 (In Can$ million) IV-255
• 151. Eldore Mining Corporation Limited (Australia) IV-257
• 152. Elemental Minerals (Australia) IV-258
• 153. Emgold Mining Corporation (Canada) IV-259
• 154. Emperor Mines Limited (Australia) IV-262
• 155. Emprogeo Ltda. (Brazil) IV-263
• 156. Entree Gold, Inc. (Canada) IV-264
• 157. Equigold NL (Australia) IV-265
• Table 135: Annual Sales Analysis: 2004-2005 (In A$ million) IV-265
• 158. Erdene Gold, Inc. (Canada) IV-266
• Table 136: Annual Sales Analysis: 2004-2005 (In Can$ thousands) IV-266
• Table 137: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ thousands) IV-266
• 159. ESO Uranium Corporation (Canada) IV-269
• 160. Etruscan Resources, Inc. (Canada) IV-271
• Table 138: Annual Sales Analysis: 2004-2005 (In Can$ thousands) IV-272
• 161. Eurasia Gold, Inc. (Canada) IV-274
• 162. Eureka Mining PLC (UK) IV-275
• 163. Eurogold Ltd. (Australia) IV-276
• 164. Falconbridge Ltd. (Canada) IV-277
• Table 139: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-280
• Table 140: First Quarter Sales Analysis by Segment: 2005-2006 (In US$ million) IV-281
• Table 141: Annual Sales Analysis: 2004-2005 (In US$ million) IV-281
• Table 142: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-281
• Table 143: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-281
• 165. Firestone Ventures, Inc. (Canada) IV-285
• 166. First Point Minerals Corporation (Canada) IV-288
• 167. First Quantum Minerals Ltd. (Canada) IV-290
• Table 144: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-290
• Table 145: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In Can$ million) IV-291
• Table 146: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-291
• Table 147: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-291
• Table 148: Annual Sales Analysis by Segment: 2004-2005 (In Can$ million) IV-291
• 168. FNX Mining Company, Inc. (Canada) IV-292
• Table 149: Nine Months Sales Analysis: 2004-2005 (Nine Months Ended, September) (In Can$ million) IV-292
• 169. Focus Minerals Ltd. (Australia) IV-294
• Table 150: Annual Sales Analysis: 2004-2005 (In A$ million) IV-294
• 170. Forsys Metals Corporation (Canada) IV-295
• 171. Fortuna Silver Mines, Inc. (Canada) IV-297
• 172. Fortune Minerals Limited (Canada) IV-299
• Table 151: Annual Sales Analysis: 2004-2005 (In Can$ thousand) IV-299
• 173. Fortune River Resource Corporation (Canada) IV-301
• 174. Franc-Or Resources Corporation (Canada) IV-303
• Table 152: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-303
• 175. Franklin Mining, Inc. (USA) IV-304
• 176. Freegold Ventures Limited (Canada) IV-305
• 177. Freeport- McMoRan Copper & Gold, Inc. (USA) IV-307
• Table 153: Half Yearly Sales Analysis: 2005-2006 In US$ million) IV-308
• Table 154: Half Yearly Sales Analysis by Segment: 2005-2006 (In US$ million) IV-308
• Table 155: Annual Sales Analysis: 2003-2005 (In US$ million) IV-308
• Table 156: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-308
• Table 157: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-309
• Table 158: Annual Sales Analysis by Product: 2004-2005 (In US$ million) IV-309
• Table 159: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-309
• 178. Fronteer Development Group, Inc. (Canada) IV-310
• 179. Frontier Pacific Mining Corporation (Canada) IV-313
• 180. Full Metal Minerals (Canada) IV-315
• 181. Furukawa Co., Ltd. (Japan) IV-317
• Table 160: Annual Sales Analysis: 2004-2005 (In ¥ million) IV-317
• 182. Gabriel Resources Ltd. (Canada) IV-318
• 183. Galantas Gold Corporation (Ireland) IV-319
• 184. Gallery Resources Ltd. (Canada) IV-320
• 185. Gammon Lake Resources, Inc. (Canada) IV-321
• Table 161: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-321
• Table 162: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-321
• 186. Garabaldi Resources Corporation (Canada) IV-323
• 187. Gateway Gold Corporation (Canada) IV-324
• 188. Gateway Mining NL (Australia) IV-326
• 189. GBS Gold International, Inc. (Canada) IV-329
• 190. Genco Resources Ltd. (Canada) IV-331
• Table 163: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-331
• 191. Geopacific Resources NL (Australia) IV-332
• 192. GGL Diamond Corporation (Canada) IV-333
• 193. GHG Resources Ltd. (Canada) IV-335
• 194. Giants Reef Mining Ltd. (Australia) IV-336
• 195. Gindalbie Metals Ltd. (Australia) IV-337
• 196. Gippsland Limited (Australia) IV-338
• 197. Giralia Resources NL (Australia) IV-339
• Table 164: Annual Sales Analysis: 2003-2005 (In A$ thousand) IV-342
• 198. Glamis Gold Limited (USA) IV-342
• 199. Glen Hawk Minerals Ltd. (Canada) IV-343
• 200. Glencairn Gold Corporation (Canada) IV-344
• Table 165: Annual Sales Analysis: 2003-2005 (In US$ million) IV-344
• 201. Glencar Mining PLC (Ireland) IV-345
• 202. Glengarry Resources Limited (Australia) IV-347
• Table 166: Annual Sales Analysis: 2004-2005 (In A$ thousand) IV-348
• 203. GlobeStar Mining Corporation (Canada) IV-350
• 204. Globex Mining Enterprises, Inc. (Canada) IV-353
• Table 167: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ thousand) IV-354
• Table 168: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In Can$ thousand) IV-354
• Table 169: Annual Sales Analysis: 2004-2005 (In Can$ thousand) IV-354
• 205. GLR Resources, Inc. (Canada) IV-357
• 206. GMA Resources PLC (UK) IV-359
• Table 170: Annual Sales Analysis: 2004-2005 (In £ million) IV-359
• 207. Golconda Resources Ltd. (Canada) IV-360
• 208. Gold Coast Resources, Inc. (USA) IV-361
• 209. Gold Fields Limited (South Africa) IV-363
• Table 171: Annual Sales Analysis: 2004-2005 (In R million) IV-364
• 210. Gold Hawk (Canada) IV-366
• 211. Gold Reserve, Inc. (USA) IV-367
• Table 172: Annual Sales Analysis: 2004-2005 (In US$ million) IV-367
• 212. Gold Standard, Inc. (USA) IV-368
• 213. Gold Summit Corporation (USA) IV-369
• Table 173: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-369
• Table 174: Annual Sales Analysis: 2004-2005 (In US$ million) IV-369
• 214. Goldbelt Resources Limited (Canada) IV-370
• 215. Goldcliff Resource Corporation (Canada) IV-372
• 216. Goldcorp (Canada) IV-373
• Table 175: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-375
• Table 176: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In US$ million) IV-375
• Table 177: Annual Sales Analysis: 2004-2005 (In US$ million) IV-375
• Table 178: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-375
• Wharf Resources, Inc. (USA) IV-377
• 217. Goldcrest Resources Ltd. (Canada) IV-378
• 218. Golden Arch Resources Ltd. (Canada) IV-380
• Table 179: Annual Sales Analysis: 2004-2006 (In US$ million) IV-381
• 219. Golden Band Resources, Inc. (Canada) IV-383
• Table 180: Annual Sales Analysis: 2004-2006 (In Can$ million) IV-383
• Table 181: Annual Sales Analysis by Quarter: 2005-2006 (In Can$ million) IV-383
• Table 182: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-384
• 220. Golden Chalice Resources, Inc. (Canada) IV-385
• 221. Golden China Resources Corporation (Canada) IV-387
• 222. Golden Cycle Gold Corporation (USA) IV-388
• Table 183: Annual Sales Analysis: 2004-2005 (In US$ million) IV-389
• 223. Golden Eagle International, Inc. (USA) IV-390
• 224. Golden Goliath Resources Limited (Canada) IV-391
• 225. Golden Goose Resources, Inc. (Canada) IV-393
• Table 184: First Quarter Sales Analysis: 2005-2006 (In Can$ thousand) IV-393
• 226. Golden Nevada (USA) IV-394
• 227. Golden Patriot Mining, Inc. (Canada) IV-394
• 228. Golden Patriot Corporation (USA) IV-395
• 229. Golden Peaks Resources Ltd. (Canada) IV-396
• 230. Golden Phoenix Minerals, Inc. (USA) IV-397
• Table 185: Annual Sales Analysis: 2004-2005 (In US$ million) IV-398
• 231. Golden Queen Mining Co., Ltd. (Canada) IV-399
• 232. Golden Star Resources Ltd. (USA) IV-400
• Table 186: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-401
• Table 187: Annual Sales Analysis: 2004-2005 (In US$ million) IV-401
• Table 188: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-402
• Table 189: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-402
• 233. Golden State Resources Limited (Australia) IV-404
• 234. Golden West Resources Limited (Australia) IV-405
• 235. Goldex Resources Corporation (Canada) IV-407
• 236. Goldmarca Limited (Republic of Panama) IV-408
• 237. Goldminco Corporation (Australia) IV-409
• 238. Gold-Ore Resources Ltd. (Canada ) IV-410
• 239. GoldQuest Mining Corporation (Canada) IV-411
• 240. Goldrea Resources Corporation (Canada) IV-412
• 241. Goldsource Mines, Inc. (Canada) IV-413
• 242. GoldSpring, Inc. (USA) IV-415
• Table 190: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-416
• Table 191: Annual Sales Analysis: 2004-2005 (In US$ million) IV-416
• 243. Goldstake Explorations, Inc. (Canada) IV-417
• 244. Goldstar Resources NL (Australia) IV-418
• 245. Gondwana Resources Limited (Australia) IV-420
• 246. Grand Cru Resources Corporation (Canada) IV-421
• 247. Grandview Gold, Inc. (Canada) IV-423
• 248. Grange Resources Ltd. (Australia) IV-425
• Table 192: Annual Sales Analysis: 2004-2005 (In A$ million) IV-425
• 249. Gravity Diamonds Limited (Australia) IV-426
• Table 193: Annual Sales Analysis: 2004-2005 (In A$ million) IV-426
• 250. Grayd Resource Corporation (Canada) IV-427
• 251. Graynic Metals Ltd. (Australia) IV-429
• 252. Great Australian Resources Limited (Australia) IV-430
• Table 194: Annual Sales Analysis: 2004-2005 (In A$ thousand) IV-431
• 253. Great Basin Gold Ltd. (Canada) IV-432
• 254. Great Gold Mines NL (Australia) IV-434
• 255. Great Panther Resources Limited (Canada) IV-435
• 256. Great Quest Metals Ltd. (Canada) IV-439
• 257. Greens Creek Mining Company (USA) IV-439
• 258. Griffin Mining Limited (UK) IV-440
• 259. Grupo de Bullet SA (USA) IV-441
• 260. Grupo Mexico SA de CV (Mexico) IV-443
• Table 195: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-444
• Table 196: Annual Sales Analysis: 2003-2005 (In US$ million) IV-444
• Table 197: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-444
• Table 198: Annual Sales Analysis by Product: 2004-2005 (In US$ million) IV-445
• 261. Grupo milPo (Peru) IV-445
• 262. Gryphon Gold Corporation (USA) IV-446
• 263. Gulf International Minerals Ltd. (Canada) IV-446
• 264. Gullewa Limited (Australia) IV-447
• 265. Guyana Goldfields, Inc. (Canada) IV-448
• 266. G W R Resources, Inc. (Canada) IV-449
• 267. Halo Resources Ltd. (Canada) IV-450
• Table 199: Annual Sales Analysis: 2003-2005 (In Can$ thousand) IV-451
• 268. Halcyon Group Ltd. (Australia) IV-453
• 269. Haoma Mining (Australia) IV-453
• 270. Harmony Gold Mining Co., Ltd. (South Africa) IV-454
• Table 200: Annual Sales Analysis: 2003-2005 (In US$ million) IV-456
• 271. Harte Gold Corporation (Canada) IV-457
• 272. Harvest Gold Corporation (Canada) IV-458
• 273. Havilah Resources NL (Australia) IV-460
• 274. Hecla Mining Company (USA) IV-461
• Table 201: Half Yearly Sales Analysis: 20005-2006 (H1) (In US$ million) IV-462
• Table 202: Annual Sales Analysis by Segment: 2005-2006 (In U$ million) IV-462
• Table 203: Annual Sales Analysis: 2004-2005 (In U$ million) IV-463
• Table 204: Annual Sales Analysis by Segment: 2004-2005 (In U$ million) IV-463
• 275. Helio Resource Corporation (Canada) IV-464
• 276. Hellix Ventures, Inc. (Canada) IV-466
• Table 205: Nine Months Sales Analysis: 2005-2006 (Nine Month Ended, April) (In Can$ Million) IV-466
• 277. Herald Resources Ltd. (Australia) IV-467
• 278. Heritage Gold NZ Ltd. (New Zealand) IV-468
• Table 206: Annual Sales Analysis: 2005-2006 (In NZ$ million) IV-468
• 279. Hidefield Gold PLC (UK) IV-469
• 280. High River Gold Mines Ltd. (Canada) IV-471
• Table 207: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ thousand) IV-472
• Table 208: Annual Sales Analysis: 2004-2005 (In Can$ thousand) IV-472
• 281. Highland Gold Mining Limited (UK) IV-474
• 282. Hill End Gold Ltd. (Australia) IV-476
• 283. Hillgrove Resources (Australia) IV-477
• Table 209: Annual Sales Analysis: 2005-2006 (In A$ thousand) IV-478
• 284. Hindalco Industries Ltd. (India) IV-479
• Table 210: Annual Sales Analysis: 2005-2006 (In INR billion) IV-480
• 285. Hindustan Copper Limited (India) IV-481
• Table 211: Annual Sales Analysis: 2005-2006 (In INR billion) IV-481
• 286. Hinterland Metals, Inc. (Canada) IV-483
• 287. HMZ Metals, Inc. (Canada) IV-485
• 288. Holmer Gold Mines Limited (Canada) IV-486
• 289. Houston Lake Mining, Inc. (Canada) IV-487
• 290. Hudbay Minerals, Inc. (Canada) IV-489
• Table 212: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-489
• 291. HuntMountain Resources (USA) IV-493
• 292. iamgold Corporation (Canada) IV-495
• Table 213: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-496
• Table 214: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-496
• Table 215: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-496
• 293. Indo Mines Limited (Australia) IV-498
• 294. Industrias Penoles SA de CV (Mexico) IV-499
• Table 216: First Quarter Sales Analysis: 2005-2006 (In Ps million) IV-500
• Table 217: Annual Sales Analysis: 2004-2005 (In Ps million) IV-500
• Table 218: Annual Sales Analysis by Product: 2004-2005 (In Ps million) IV-500
• 295. Inmet Mining Corporation (Canada) IV-503
• Table 219: First Quarter Sales Analysis: 2005-2006 (In Can$ million) IV-503
• Table 220: Annual Sales Analysis: 2005-2004 (In Can$ million) IV-503
• Table 221: Annual Sales Analysis by Quarter: 2005-2004 (In Can$ million) IV-504
• Table 222: Annual Sales Analysis by Segment: 2005-2004 (In Can$ million) IV-504
• 296. Integra Mining Limited (Australia) IV-505
• Table 223: Annual Sales Analysis: 2004-2005 (In US$ thousand) IV-506
• 297. International Bethlehem Mining Co. (Canada) IV-506
• 298. International Goldfields Limited (Australia) IV-507
• Table 224: Annual Sales Analysis: 2004-2005 (In A$ million) IV-507
• 299. International Minerals Corporation (USA) IV-509
• Table 225: Nine Months Sales Analysis: 2005-2006 (Nine Moths Ended, March) (In US$ million) IV-510
• 300. International Montoro Resources, Inc. (Canada) IV-511
• 301. Ivanhoe Mines Ltd. (Canada) IV-512
• 302. Jaguar Mining, Inc. (USA) IV-515
• Table 226: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-516
• Table 227: Annual Sales Analysis: 2004-2005 (In US$ million) IV-516
• Table 228: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-516
• 303. Jervois Mining Limited (Australia) IV-517
• 304. Jiangxi Copper Company Limited (China) IV-518
• 305. Jipangu, Inc. (Japan) IV-519
• 306. Johnson Matthey PLC (UK) IV-520
• Table 229: Annual Sales Analysis: 2004-2006 (In £ billion) IV-523
• Table 230: Annual Sales Analysis by Segment: 2005-2006 (In £ billion) IV-523
• Table 231: Annual Sales Analysis by Geographic Region: 2005-2006 (In £ billion) IV-523
• Table 232: Annual Sales Analysis by Segment: 2004-2005 (In £ billion) IV-523
• Table 233: Annual Sales Analysis by Geographic Region: 2004-2005 (In £ billion) IV-524
• 307. Joy Light Jewelry Co., Ltd. (China) IV-525
• 308. J-Pacific Gold, Inc. (Canada) IV-525
• 309. Jupiter Mines Limited (Australia) IV-526
• 310. Kagara Zinc Limited (Australia) IV-528
• Table 234: Annual Sales Analysis: 2004-2005 (In A$ million) IV-528
• 311. Kalahari Resources, Inc. (Canada) IV-529
• 312. Kalgoorlie Consolidated Gold Mines (Australia) IV-530
• 313. Kalimantan Gold (Indonesia) IV-531
• 314. Kansai Mining Corporation Ltd. (Canada) IV-532
• 315. Kazakhmys PLC (UK) IV-533
• Table 235: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-533
• Table 236: Annual Sales Analysis: 2004-2005 (In US$ million) IV-534
• Table 237: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-534
• Table 238: Annual Sales Analysis by Product: 2004-2005 (In US$ million) IV-534
• 316. Keegan Resources (Canada) IV-535
• 317. Kennecott Minerals Company (USA) IV-536
• 318. Kentor Gold Limited (Australia) IV-537
• Table 239: Half Yearly Sales Analysis: 2005-2006 (H1) (In A$ million) IV-537
• Table 240: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In A$ million) IV-538
• 319. Kettle River Resources Limited (Canada) IV-539
• 320. Key Gold Corporation (USA) IV-540
• 321. KGHM Polska Miedz SA (Poland) IV-541
• 322. Khan Resources (Canada) IV-545
• 323. Kimber Resources (Canada) IV-546
• 324. Kimberly Gold (USA) IV-547
• 325. King Eagle Resources (Australia) IV-548
• 326. King's Bay Gold (Canada) IV-549
• 327. Kings Minerals NL (Australia) IV-550
• Table 241: Annual Sales Analysis: 2004-2005 (In US$ million) IV-551
• 328. Kingsgate Consolidated NL (Australia) IV-552
• Table 242: Annual Sales Analysis: 2004-2005 (In A$ million) IV-552
• 329. Kinross Gold Corporation (Canada) IV-553
• Table 243: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-554
• 330. Kirkland Lake Gold, Inc. (Canada) IV-555
• 331. Klondex Mines (Canada) IV-556
• 332. Klondike Gold (Canada) IV-558
• 333. Klondike Star (Canada) IV-559
• 334. Komatsu Australia (Australia) IV-562
• 335. Korab Resources (Australia) IV-563
• 336. Kryso Resources Plc (UK) IV-563
• 337. La Mancha Resources, Inc. (Canada) IV-564
• 338. Lateegra Gold Corporation (Canada) IV-565
• 339. Latin Gold Limited (Australia) IV-566
• Table 244: Annual Sales Analysis: 2004-2005 (In A$ million) IV-566
• 340. Lepanto Consolidated Mining Co. (Philippines) IV-567
• 341. Liberty Star Gold Corporation (USA) IV-568
• 342. Lihir Gold Limited (Papua New Guinea) IV-571
• Table 245: Annual Sales Analysis: 2004-2005 (In US$ million) IV-571
• 343. Linux Gold Corporation (China) IV-572
• 344. Little Squaw Gold Mining Company (USA) IV-573
• 345. LKA International, Inc. (USA) IV-574
• Table 246: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-574
• Table 247: Annual Sales Analysis: 2004-2005 (In US$ million) IV-574
• 346. Louvicourt Gold Mines, Inc. (Canada) IV-575
• 347. Majestic Gold Corporation (Canada) IV-576
• 348. Medoro Resources Ltd. (Canada) IV-579
• 349. Medusa Mining Ltd. (Australia) IV-580
• Table 248: Annual Sales Analysis: 2004-2005 (In US$ million) IV-581
• Table 249: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-581
• 350. Mercantile Gold Company (USA) IV-582
• 351. Meridian Gold, Inc. (USA) IV-583
• Table 250: Annual Sales Analysis: 2004-2005 (In US$ million) IV-583
• Table 251: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-584
• Minera Florida SA (Chile) IV-585
• 352. Metaline Contact Mines (USA) IV-586
• Table 252: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ thousands) IV-587
• Table 253: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In US$ thousands) IV-587
• Table 254: Annual Sales Analysis: 2004-2005 (In US$ thousands) IV-587
• 353. Metallic Ventures Gold, Inc. (USA) IV-588
• 354. Michelago Limited (Australia) IV-591
• 355. Midas Mining China Ltd. (China) IV-592
• 356. Midas Resources Ltd. (Australia) IV-592
• 357. Midlands Minerals Corporation (Canada) IV-593
• 358. Mill Bay Ventures, Inc. (Canada) IV-593
• 359. Millstream Mines Ltd. (Canada) IV-594
• 360. Minco Mining & Metals Corporation (Canada) IV-595
• 361. Mineral Deposits Ltd. (Australia) IV-596
• 362. Mines Richmont (Canada) IV-597
• Table 255: First Quarter Sales Analysis: 2005-2006 (In Can$ million) IV-598
• Table 256: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-598
• Table 257: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-598
• Table 258: Annual Sales Analysis by Business Segment: 2004-2005 (In Can$ million) IV-598
• 363. Minotaur Exploration Ltd. (Australia) IV-599
• 364. Minterra Resource Corporation (Canada) IV-600
• 365. Miramar Mining Corporation (Canada) IV-602
• Table 259: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-602
• 366. Miranda Gold Corporation (Canada) IV-603
• 367. Mitsubishi Materials Corporation (Japan) IV-607
• Table 260: Annual Sales Analysis: 2004-2005 (In ¥ billion) IV-608
• Table 261: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-608
• Table 262: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-609
• 368. MMC Norilsk Nickel (Russia) IV-611
• Table 263: Half Yearly Sales Analysis: 2004-2005 (H1) (In US$ million) IV-612
• Table 264: Half Yearly Sales Analysis by Product: 2004-2005 (H1) (In US$ million) IV-612
• Table 265: Half Yearly Sales Analysis by Geographic Region: 2004-2005 (H1) (In US$ million) IV-612
• Table 266: Annual Sales Analysis: 2003-2004 (In US$ million) IV-613
• 369. Moly Mines Ltd. (Australia) IV-615
• Table 267: Annual Sales Analysis: 2004-2005 (In A$ million) IV-615
• 370. Molycor Gold Corporation (Canada) IV-616
• 371. Monarch Resources Ltd. (Australia) IV-617
• 372. Monaro Mining NL (Australia) IV-617
• 373. Morgain Minerals, Inc. (Canada) IV-618
• 374. Mosquito Consolidated Gold Mines Ltd. (Canada) IV-620
• 375. Moss Lake Gold Mines Ltd. (Canada) IV-621
• 376. Moto Goldmines Limited (Australia) IV-621
• 377. Mount Burgess Mining NL (Australia) IV-622
• 378. Mountain Lake Resources, Inc. (Canada) IV-623
• 379. Moydow Mines International (Canada) IV-624
• 380. Mundoro Mining, Inc. (Canada) IV-625
• 381. Murgor Resources, Inc. (Canada) IV-626
• 382. Mvelaphanda Resources Ltd. (South Africa) IV-628
• 383. Navigator Resources Limited (Australia) IV-629
• 384. Nevada Pacific Gold Ltd. (Canada) IV-630
• 385. Nevsun Resources Ltd. (Canada) IV-632
• 386. New Jersey Mining Company (USA) IV-634
• Table 268: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ thousands) IV-634
• 387. Newcrest Mining Ltd. (Australia) IV-635
• 388. Newgold, Inc. (USA) IV-636
• 389. Newmont Mining Corporation (USA) IV-637
• Table 269: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-638
• Table 270: First Quarter Sales Analysis by Segment: 2005-2006 (In US$ million) IV-638
• Table 271: Annual Sales Analysis: 2004-2005 (In US$ million) IV-639
• Battle Mountain Gold Exploration Corporation (USA) IV-640
• 390. Newwest Gold Corporation (USA) IV-642
• 391. North American Palladium Ltd. (Canada) IV-643
• Table 272: First Quarter Sales Analysis: 2005-2006 (In Can$ million) IV-644
• Table 273: First Quarter Sales Analysis by Metals: 2005-2006 (In Can$ million) IV-644
• Table 274: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-644
• Table 275: Annual Sales Analysis by Quarter: 2004-2005 (In Can$ million) IV-644
• Table 276: Annual Sales Analysis by Metals: 2004-2005 (In Can$ million) IV-645
• 392. Northern Orion Resources, Inc. (Canada) IV-646
• Table 277: Annual Sales Analysis: 2004-2005 (In US$ million)6 IV-646
• 393. Northgate Minerals Corporation (Canada) IV-647
• Table 278: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-647
• Table 279: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In US$ million) IV-647
• Table 280: Annual Sales Analysis: 2004-2005 (In US$ million) IV-648
• Table 281: Quarterly Sales Analysis: 2004-2005 (In US$ million) IV-648
• 394. Novagold Resources, Inc. (Canada) IV-649
• 395. NuStar Mining Corporation Limited (Australia) IV-649
• 396. O.T. Mining (Canada) IV-650
• 397. Oceana Gold Limited (New Zealand) IV-650
• 398. Odin Mining (Canada) IV-651
• 399. Olympia Resources (Australia) IV-652
• Table 282: Annual Sales Analysis: 2004-2005 (In A$ million) IV-654
• 400. Olympus Pacific Minerals, Inc. (Canada) IV-656
• 401. Orex Exploration, Inc. (Canada) IV-657
• 402. Orex Ventures (Canada) IV-658
• 403. Orezone Resources (Canada) IV-659
• 404. Original Sixteen To One Mine, Inc. (USA) IV-660
• Table 283: Half Yearly Sales Analysis:
• 2005-2006 (H1) (In US$ thousands) IV-660
• Table 284: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In US$ thousands) IV-660
• 405. Orko Silver Corporation (Canada) IV-661
• 406. Ormonde Mining PLC (Ireland) IV-662
• 407. Oro Gold Resources Ltd. (Canada) IV-663
• 408. Oropa Limited (Australia) IV-665
• Table 285: Annual Sales Analysis: 2004-2005 (In A$ million) IV-665
• 409. Orvana Minerals Corporation (Canada) IV-666
• Table 286: Annual Sales Analysis: 2004-2005 (In Can$ million) IV-666
• 410. Osaga Gold LLC (Australia) IV-667
• 411. Osisko Exploration (Canada) IV-667
• 412. Outcrop Explorations Limited (Canada) IV-668
• 413. Oxiana Ltd. (Australia) IV-669
• Table 287: Half Yearly Sales Analysis: 2005-2006 (H1) (In A$ million) IV-670
• Table 288: Annual Sales Analysis: 2004-2005 (In A$ million) IV-670
• Table 289: Annual Sales Analysis by Business Segment: 2004-2005 (In A$ million) IV-670
• 414. Oxus Gold PLC (UK) IV-672
• Table 290: Annual Sales Analysis: 2004-2005 (In US$ thousands) IV-672
• 415. Pacific Booker Minerals, Inc. (Canada) IV-673
• 416. Pacific Comox Resources Limited (Canada) IV-674
• 417. Pacific Gold Corporation (Canada) IV-675
• 418. Pacific Magnesium Corporation Ltd. (Australia) IV-678
• 419. Pacific Rim Mining Corporation (Canada) IV-679
• Table 291: First Quarter Sales Analysis: 2006-2007 (In US$ million) IV-680
• Table 292: Annual Sales Analysis: 2004-2006 (In US$ million) IV-680
• 420. Palmarejo Silver and Gold Corporation (Mexico) IV-681
• 421. Pan African Mining Corporation (Canada) IV-682
• 422. Pan Australian Resources (Australia) IV-684
• 423. Panoro Minerals Ltd. (Canada) IV-685
• 424. Paramount Gold Mining Corporation (USA) IV-686
• 425. Patricia Mining Corporation (Canada) IV-688
• 426. Patriot Gold (Canada) IV-689
• 427. Pearl Asian Mining Industries, Inc. (USA) IV-689
• 428. Pediment Exploration Ltd. (Canada) IV-690
• 429. Pelangio Mines (Canada) IV-693
• Table 293: Annual Sales Analysis: 2005-2006 (In US$ million) IV-695
• Table 294: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-695
• 430. Pele Mountain Resources, Inc. (Canada) IV-696
• 431. Peninsular Gold Limited (Malaysia) IV-698
• 432. Perilya Mines NL (Australia) IV-699
• Table 295: Annual Sales Analysis: 2004-2005 (In US$ million) IV-702
• Table 296: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-702
• Table 297: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-702
• 433. Perseus Mining (Australia) IV-703
• Table 298: Annual Sales Analysis: 2005-2006 (In US$ million) IV-703
• Table 299: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-703
• Table 300: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-704
• 434. Perseverance (Australia) IV-705
• 435. Persian Gold (Ireland) IV-706
• 436. Petaquilla Minerals Ltd. (Canada) IV-707
• 437. Peter Hambro Mining Plc (UK) IV-708
• 438. PGM Ventures (Spain) IV-709
• 439. Phelps Dodge Mining Company (USA) IV-710
• Table 301: Annual Sales Analysis: 2004-2005 (In US$ million) IV-711
• Table 302: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-711
• Table 303: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-712
• 440. Philex Gold, Inc. (Canada) IV-713
• 441. Philex Mining (Philippines) IV-714
• 442. Pinnacle Mines (Canada) IV-715
• 443. Plato Gold Corporation (Canada) IV-718
• Table 304: Half Yearly Sales Analysis 2005- 2006 (H1) (In Can$ million) IV-719
• 444. PMI Gold Corporation (Canada) IV-720
• 445. Polymetal (Russian Federation) IV-721
• 446. Portal Resources Ltd. (Canada) IV-723
• 447. Prosperity Resources Limited (Australia) IV-725
• 448. Pure Gold Minerals, Inc. (Canada) IV-726
• 449. Q-Gold Resources Ltd. (USA) IV-727
• 450. Quadra Mining Ltd. (Canada) IV-729
• 451. Queensland Ores Ltd. (Australia) IV-731
• 452. Queenstake Resources Ltd. (USA) IV-732
• Table 305: Half Yearly Sales Analysis:2005-2006 (H1) (In US$ million) IV-732
• Table 306: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-733
• 453. Quincy Energy Corporation (USA) IV-734
• 454. Rand Refinery Ltd. (South Africa) IV-734
• 455. Randgold Resources Limited (UK) IV-735
• 456. Randsburg International Gold Corporation (Canada) IV-736
• 457. Range Resources Ltd. (Australia) IV-738
• 458. Rare Element Resources Ltd. (Canada) IV-739
• 459. Red 5 Limited (Australia) IV-740
• 460. Red Dragon Resources Corporation (Canada) IV-741
• 461. Red Metal Limited (Australia) IV-742
• 462. Red Rock Resources Plc (UK) IV-742
• 463. Redback Mining, Inc. (Canada) IV-743
• Table 307: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, March) (In US$ thousand) IV-744
• 464. Redcorp Ventures Ltd. (Canada) IV-745
• 465. Redfern Resources Ltd. (Canada) IV-745
• 466. Redport Limited (Australia) IV-746
• 467. Redstar Gold Corporation (Canada) IV-748
• 468. Reed Resources Ltd. (Australia) IV-750
• 469. Regal Resources Ltd. (Australia) IV-751
• 470. Regent Ventures Ltd. (Canada) IV-752
• 471. Renison Consolidated Mines NL (Australia) IV-752
• 472. Reno Gold Corporation (Canada) IV-753
• 473. Republic Gold Ltd. (Australia) IV-754
• 474. Resolve Ventures, Inc. (Canada) IV-755
• 475. Rey Resources Limited (Australia) IV-755
• 476. Richview Resources, Inc. (Canada) IV-756
• 477. Ridge Mining PLC (UK) IV-758
• 478. Rimfire Minerals Corporation (Canada) IV-759
• 479. Rio Narcea Gold Mines Ltd. (Canada) IV-762
• 480. Rio Tinto PLC (UK) IV-764
• Kennecott Utah Corporation (USA) IV-766
• 481. Riverstone Resources, Inc. (Canada) IV-767
• 482. Robex Resources, Inc. (Canada) IV-768
• 483. Rochester Resources Ltd. (Canada) IV-769
• 484. Romarco Minerals, Inc. (Canada) IV-770
• Table 308: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can $ million) IV-771
• 485. Romios Gold Resources, Inc. (Canada) IV-772
• 486. Ross River Minerals, Inc. (Canada) IV-772
• 487. Rox Resources (Australia) IV-773
• 488. Roxmark Mines Limited (Canada) IV-774
• 489. Royal Gold, Inc. (USA) IV-775
• Table 309: Annual Sales Analysis by Quarter: 2005-2006 (In US$ million) IV-776
• 490. Royal Resources Ltd. (Australia) IV-777
• 491. Royal Standard Minerals, Inc. (USA) IV-777
• 492. Rubicon Minerals Corporation (Canada) IV-778
• 493. Sabina Silver Corporation (Canada) IV-779
• 494. Sable Resources Ltd. (Canada) IV-780
• 495. Sacre-Coeur Minerals Ltd. (Canada) IV-781
• 496. Sage Gold, Inc. (Canada) IV-782
• 497. San Gold Corporation (Canada) IV-782
• 498. Santoy Resources Ltd. (Canada) IV-783
• 499. Scorpio Mining Corporation (Canada) IV-785
• 500. Searchgold Resources, Inc. (Canada) IV-787
• 501. Sedimentary Holdings Ltd. (Australia) IV-789
• 502. Semafo, Inc. (Canada) IV-792
• 503. Serabi Mining Plc (UK) IV-794
• 504. Shandong Gold Group (China) IV-794
• 505. Shane Resources Ltd. (Canada) IV-795
• 506. Shanta Gold Limited (Tanzania) IV-796
• 507. Sherwood Copper Corporation (Canada) IV-798
• 508. Siberia Mining Corporation (Australia) IV-800
• 509. Sienna Gold, Inc. (Canada) IV-802
• 510. Sierra Minerals, Inc. (Canada) IV-803
• 511. Silverado Gold Mines Ltd. (Canada) IV-804
• 512. Silvercrest Mines, Inc. (Canada) IV-805
• 513. Silverstone Resources Corporation (Canada) IV-806
• 514. Simberi Mining Corporation (Canada) IV-807
• 515. Sino Gold Limited (Australia) IV-808
• 516. Sipa Resources Ltd. (Australia) IV-810
• 517. Skyharbour Resources Ltd. (Canada) IV-811
• 518. Slam Exploration Ltd. (Canada) IV-812
• 519. SMC Gold Limited (Australia) IV-814
• 520. Soho Resources Corporation (Canada) IV-817
• 521. Solitaire Minerals Corporation (Canada) IV-818
• 522. Sonora Gold Corporation (Canada) IV-820
• 523. Sons Of Gwalia Ltd. (Australia) IV-823
• 524. South American Gold And Copper Co. (Canada) IV-826
• 525. South Boulder Mines Ltd. (Australia) IV-827
• 526. Southern Arc Minerals Ltd. (Canada) IV-828
• 527. Southern Gold Limited (Australia) IV-829
• 528. South-Malartic Exploration (Canada) IV-831
• 529. Sparton Resources, Inc. (Canada) IV-833
• 530. St. Andrew Goldfields Ltd. (Canada) IV-837
• 531. St. Barbara Mines Limited (Australia) IV-838
• 532. St. Elias Mines Ltd. (Canada) IV-839
• 533. Staccato Gold Resources Ltd. (Canada) IV-840
• Table 310: Annual Sales Analysis by Quarter: 2005-2006 (In Can$ thousand) IV-841
• 534. Stikine Gold Corporation (Canada) IV-843
• 535. Stillwater Mining Co. (USA) IV-845
• 536. Stratabound Minerals Corporation (Canada) IV-846
• Table 311: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-846
• 537. StrataGold Corporation (Canada) IV-847
• 538. Stroud Resources Ltd. (Canada) IV-851
• 539. Sulliden Exploration, Inc. (Canada) IV-852
• 540. Sultan Minerals, Inc. (Canada) IV-853
• 541. Sunridge Gold Corporation (Canada) IV-854
• 542. Sutter Gold Mining, Inc. (USA) IV-855
• 543. Tagish Lake Gold Corporation (Canada) IV-856
• 544. Tahera Diamond Corporation (Canada) IV-856
• 545. Talisman Mining Ltd. (Australia) IV-857
• 546. Tanami Gold (Australia) IV-859
• 547. Taseko Mines Limited (Canada) IV-860
• 548. Tasman Resources NL (Australia) IV-861
• 549. Teal Exploration & Mining, Inc. (Canada) IV-863
• 550. Teck Cominco Limited (Canada) IV-865
• 551. Tectonic Resources NL (Australia) IV-868
• 552. Telkwa Gold Corporation (Canada) IV-870
• 553. Temex Resources Corporation (Canada) IV-872
• 554. Tenajon Resources Company (Canada) IV-873
• 555. Tenke Mining Corporation (Canada) IV-874
• 556. Tennant Creek Gold (Australia) IV-875
• 557. Terex Resources, Inc. (Canada) IV-876
• 558. Terra Nostra Resources Corporation (USA) IV-877
• 559. Terra Nova Resources Ltd. (Canada) IV-878
• Table 312: Nine Months Sales Analysis: 2005-2006 (Nine Month Ended, April) (In Can$ million) IV-878
• Table 313: Nine Months Sales Analysis by Geographic Region: 2005-2006 (Nine Month Ended, April) (In Can$ million) IV-878
• 560. Terraco Gold Corporation (USA) IV-879
• 561. Terramin Australia Limited (Australia) IV-880
• 562. Tertiary Minerals Plc (UK) IV-880
• 563. Teryl Resources Corporation (Canada) IV-881
• 564. The Grosso Group (Canada) IV-883
• 565. The Resource Group (Canada) IV-884
• 566. Thistle Mining, Inc. (South Africa) IV-886
• 567. Thundelarra Exploration Ltd. (Australia) IV-887
• 568. Thunder Mountain Gold, Inc. (USA) IV-889
• 569. Thunder Sword Resources, Inc. (Canada) IV-890
• 570. Thundermin Resources, Inc. (Canada) IV-891
• Table 314: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-891
• 571. Tiberon Minerals Ltd. (Canada) IV-892
• 572. TLC Ventures Corporation (Canada) IV-894
• 573. Tom Exploration, Inc. (Canada) IV-895
• 574. Tone Resources Ltd. (Canada) IV-895
• 575. Tonogold Resources, Inc. (USA) IV-896
• 576. Tornado Gold International Co. (USA) IV-898
• 577. Tournigan Gold Corporation (Canada) IV-899
• 578. Trade Winds Ventures, Inc. (Canada) IV-901
• 579. Trans America Industries Ltd. (Canada) IV-903
• 580. Trans-Siberian Gold PLC (UK) IV-903
• 581. Trend Mining Company (USA) IV-904
• 582. Tri Origin Exploration Ltd. (Canada) IV-905
• 583. Triako Resources Limited (Australia) IV-906
• 584. Triple Plate Junction Plc (UK) IV-908
• 585. Triumph Gold Corporation (Canada) IV-910
• 586. Tri-Valley Corporation (USA) IV-911
• Table 315: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-912
• 587. Troy Resources NL (Australia) IV-913
• 588. Tumi Resources Limited (Canada) IV-914
• 589. TVI Pacific, Inc. (Canada) IV-916
• Table 316: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ million) IV-917
• 590. Twin Mining Corporation (Canada) IV-919
• 591. UC Resources Ltd. (Canada) IV-920
• 592. Uganda Gold Mining Ltd. (Canada) IV-921
• 593. Unico, Inc. (USA) IV-922
• 594. United Bolero Development Corporation (Canada) IV-924
• 595. Uruguay Mineral Exploration, Inc. (Uruguay) IV-925
• 596. Vane Minerals PLC (UK) IV-926
• 597. Vedanta Resources PLC (UK) IV-928
• Table 317: Annual Sales Analysis: 2004-2006 (In US$ million) IV-929
• Table 318: Annual Sales Analysis by Division: 2005-2006 (In US$ million) IV-929
• 598. Vedron Gold, Inc. (Canada) IV-930
• 599. VenCan Gold Corporation (Canada) IV-931
• 600. Village Main Reef Gold Mining Company Ltd. (South Africa) IV-932
• 601. Vista Gold Corporation (USA) IV-933
• 602. Volcan Compania Minera S.A.A (Peru) IV-936
• 603. VVC Exploration Corporation (Canada) IV-937
• 604. Wescan Goldfields, Inc. (Canada) IV-939
• 605. Wesdome Gold Mines Ltd. (Canada) IV-941
• Table 319: Half Yearly Sales Analysis: 2005-2006 (H1) (In Can$ thousand) IV-942
• 606. West Timmins Mining, Inc. (Canada) IV-943
• 607. Western Areas Limited (South Africa) IV-944
• 608. Western Goldfields, Inc. (Canada) IV-945
• 609. Western Quebec Mines, Inc. (Canada) IV-946
• 610. Western Sierra Mining (USA) IV-947
• 611. Western Warrior Resources, Inc. (Canada) IV-948
• 612. Westonia Mines Limited (Australia) IV-949
• 613. Windarra Minerals Ltd. (Canada) IV-949
• 614. Win-Eldrich Mines Limited (Canada) IV-950
• 615. Wits Basin Precious Minerals, Inc. (USA) IV-951
• 616. Yamana Gold, Inc. (Canada) IV-954
• 617. Yanacocha (Peru) IV-956
• 618. YGC Resources Ltd. (Canada) IV-957
• 619. Zaruma Resources, Inc. (Canada) IV-960
• 620. Zedex Minerals Ltd. (Australia) IV-961
• 621. Zhonglin Geological Corporation (China) IV-962
• 622. Zijin Mining Group (China) IV-963
• Table 320: Half Yearly Sales Analysis: 2005-2006 (H1) (In Rmb million) IV-963
• Table 321: Half Yearly Sales Analysis by Product: 2005-2006 (H1) (In Rmb million) IV-964
• 623. Zinifex Ltd. (Australia) IV-965