The Company's initial flagship operation was the Picacho mine in southeastern California which was in production from 1981 to early 2000 and produced a total of 388,000 ounces before closure. In 1998, the Picacho mine received the prestigious "Excellence in Reclamation Award" from the California Mining Association which solidified the Company's reputation for responsible mining and excellence in environmental stewardship.

In 1986, gold production commenced at the Rand mine, also in California, approximately 100 miles northeast of Los Angeles in Kern County. Rand was a solid gold producer for many years until active mining ceased in the first quarter of 2003. By the time final leaching, pad rinsing and reclamation activities were completed in 2004, Rand produced just under one million ounces of gold.

In 1998, Glamis adopted a strategic plan to seek out growth opportunities in the Americas through the acquisition of low-cost gold assets that would be accretive to cash flow and earnings while significantly enhancing shareholder value. The first of these acquisitions was Mar-West Resources Ltd. in October of the same year. This led to the development and construction of the million ounce San Martin property in Honduras shortly thereafter. The San Martin mine first entered commercial production in January 2001 on schedule and within budget. In short order, San Martin became the Company's lowest cost primary source of gold production and earnings. It was the company's first commercial venture outside of North America and more importantly, the first of a new generation of large, low-cost gold mines and has since exceeded all expectations.

Glamis subsequently acquired Rayrock Resources Inc. In 1999, which had three operating mines at the time . This immediately transformed Glamis from a junior to intermediate gold producer. By far the most important of the Rayrock assets was the two-thirds interest in the Marigold property that is located near Winnemucca , Nevada . Marigold lies within the northwest-trending Battle Mountain trend which is one of the most prolific gold producing regions in the entire State. At the time of the acquisition, Marigold was a relatively small milling operation. Glamis subsequently re-engineered the entire mining operation and transformed Marigold into a world scale, highly-productive heap leach mine. This was accomplished mainly by substantially reducing unit costs which, in turn, allowed Glamis to reduce the cut-off grade and significantly expand reserves. The most recent expansion at Marigold is nearly complete and the Company is projecting that its two-thirds share of gold production will increase to approximately 135,000 ounces in 2005. Marigold is a very large, prospective property comprising more than 30 square miles and Glamis is confident that this year's exploration program will once again replace reserves mined.

On July 16, 2002 , the Company completed its largest transaction to date with the merger with Francisco Gold Corp. of Vancouver , Canada . The merger was initially undertaken mainly to acquire the two-million ounce El Sauzal gold property in Chihuahua State, Mexico which in 2005 will become Glamis' largest and lowest cost source of gold production.  El Sauzal commenced commercial production in the fourth quarter of 2004 as scheduled and produced over 25,000 ounces of gold before year end. Gold production for 2005 is projected at 170,000 ounces.

As a result of the Francisco merger, Glamis also acquired the Marlin gold and silver property in Guatemala . Initial due diligence studies indicated that Marlin could be developed into a modest open pit, heap leach operation. However, with the discovery and delineation of a substantial underground deposit, Marlin has evolved into the Company's most important gold asset. Current proven and probable reserves stand at 2.3 million ounces of gold and 36 million ounces of silver. Construction at Marlin is nearing completion and commercial production is scheduled to commence in the fourth quarter of 2005 with estimated production of 10,000 ounces of gold for the year. Over a projected ten-year mine life, the feasibility called for average annual production at Marlin of 217,000 ounces of gold and 3.5 million ounces of silver.

Glamis is firmly on track to achieve its 2005 production target of 400,000 ounces of gold in 2005 and is projecting an increase to 600,000 ounces in 2006 and a further increase to 700,000 ounces in 2007 while reducing total cash costs to below $150 per ounce.

Looking forward, the Company will continue to employ its financial resources and broad skill set to discover and/or acquire additional low-cost gold production in the Americas . Glamis will also pursue its goal of maximizing shareholder value and its determination to continue to outperform the gold indices as it has done so successfully in each of the past four years.

Glamis common shares are listed on the New York and Toronto Stock Exchanges under the trading symbol GLG. Average daily volume exceeds 1.5 million shares.