GOLD PRICE IN SWISS FRANC — DECEMBER 14, 2004

On Tuesday, December 14, 2004, the gold spot price was C$539.47 per troy ounce in Canadian Dollars, equivalent to CHF329.08 CHF per ounce or CHF10.58 CHF per gram. Gold rose +0.11% from the previous trading session.

Currency fluctuations between CAD and CHF significantly impact the effective cost of gold for international investors. Switzerland is the world's largest gold refining centre, processing approximately 70% of the world's gold. The Swiss Franc is also considered a safe-haven currency alongside gold. Major refiners like PAMP Suisse and Valcambi are headquartered in Switzerland, making CHF gold pricing significant for the global supply chain.