FOR IMMEDIATE RELEASE
Toronto Stock Exchange: WRM

November 25, 2002

(All amounts in US dollars)

Wheaton River Minerals Ltd. (TSX:WRM, WRM.WT) is pleased to report net earnings of $949,000 or $0.01 per share for the three months ended September 30, 2002 compared to the net loss of $11,774,000 or $0.22 per share in the third quarter of 2001. Results for the third quarter of 2002 reflect the acquisition of Minas Luismin which was finalized in June of this year.

A conference call will be held with Chairman results at 4:30 pm EST on November 25, 2002. You may join the call by dialing (888) & CEO Ian Telfer to discuss third quarter 789-0089, or (416) 695-9757 for calls outside of North America.

Third Quarter Highlights:

• Sales more than doubled to $15,840,000 in the third quarter of 2002
  compared to $6,914,000 in the same period of 2001.
• Earnings from mining operations were $5,750,000 for the third quarter of 2002 compared to $818,000 in 2001.
• Gold equivalent production increased to 47,835 ounces at a total cash cost of $182 in the third quarter of 2002 compared to 25,626 ounces at a total cash cost of $170 in 2001.
• At September 30, 2002 the Company had cash and equivalents of $19 million, and was debt-free.
• Exploration joint venture agreements were negotiated with Placer Dome and Geologix Explorations who will expend a total of over $6 million on two of Wheaton’s Mexican exploration properties.
• Net earnings for the nine months to September 30, 2002 increased to $3,025,000 ($0.03 per share) compared to the net loss of $13,398,000 ($0.25 per share) in 2001.

Ian Telfer, Chairman & CEO commented, “This was the first full quarter that included the Luismin operations and we are pleased that both production and operating earnings exceeded our expectations. Total cash cost per ounce was also lower than projected. Operations continue to run smoothly and the integration of the Mexican operation into Wheaton River is proceeding as planned. We are also pleased that although the Company had virtually no revenue for the first six months of the year, proceeds from the sale of non-core assets were more than sufficient to cover administrative expenses and the extensive business development and acquisition program that was carried out during that period.”

For further information please contact Investor Relations at Toll Free 1-800-567-6223 or visit www.wheatonriver.com.