The Northern Miner April 27 2020 Issue 9 by The Northern Miner Group

THE GREAT PLANE ROBBERY: DRAMATIC GOLD HEIST AT THE MULATOS MINE / 7 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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APRIL 27–MAY 10, 2020 / VOL. 106 ISSUE 9 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

South America divided on coronavirus measures DEBATE

| Future mining projects in question as demand craters

BY KELSEY ROLFE

Special to The Northern Miner

outh American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and curfews that have forced mining companies to reduce or shutter their operations. While all have moved in recent

weeks to deal with the disease, some countries are seeing more success than others. Argentina has already started to bend its curve thanks to early and aggressive shutdown measures. The country, which had its first confirmed case in early March, first closed its borders and suspended schools on March 15. Four days later, centreleftist President Alberto Fernández See SOUTH AMERICA / 8

Brazil’s President Jair Bolsonaro and Minister of the Economy Paulo Guedes. CREDIT: MARCOS CORRÊA/PALACIODOPLANALTO

Russia slams Trump order to mine Moon, asteroids

PM40069240

SPACE MINING

| U.S. opens door to commercial resource extraction of celestial bodies

BY CECILIA JAMASMIE

MINING.COM

ussia’s space agency Roscosmos has condemned U.S. President Donald Trump’s order that encourages citizens to mine the moon and other celestial bodies for commercial purposes. The government body likened the policy to colonialism and said it “hardly sets the countries to fruitful cooperation.” “There have already been examples in history when one country decided to start seizing territories in its interest — everyone remembers what came of it,” Roscosmos deputy general director for international cooperation, Sergey Saveliev, said in a statement. Trump’s order classifies outer space as a “legally and physically unique domain of human activity” instead of a “global commons,” paving the way for mining the moon without any sort of international treaty. “Americans should have the right to engage in commercial exploration,

recovery, and use of resources in outer space,” the document states, noting that the U.S. had never signed a 1979 agreement known as the Moon Treaty. This agreement stipulates that any activities in space should conform to international law. This is not the first time the U.S. addresses space mining by issuing a law. In 2015, the U.S. Congress passed a bill explicitly allowing companies and citizens to mine, sell and own any space material. That piece of legislation included a very important clause, stating that it did not grant “sovereignty or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body.” The section ratified the Outer Space Treaty, signed in 1966 by the U.S., Russia, and a number of other countries, which states that nations can’t own territory in space. Trump has taken a consistent interest in asserting American power in space, forming the Space Force within the U.S. military last year See SPACE MINING / 8

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GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

Barrick inks option deals with Precipitate Gold and Golden Minerals M&A

| Gold giant takes stake in juniors amid market uncertainty

BY TRISH SAYWELL tsaywell@northernminer.com

arrick Gold (TSX: ABX; NYSE: GOLD) has signed two earn-in agreements in as many days on projects in the Dominican Republic and Argentina. The gold major is earning a 70% stake in Precipitate Gold’s (TSXV: PRG) Pueblo Grande project, adjacent to Barrick’s Pueblo Viejo mine in the Dominican Republic, and is earning a 70% stake in Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) El Quevar project in Argentina’s Salta province. Under the deal with Precipitate Gold, Barrick has committed to spend US$10 million on exploration, including 7,500 metres of drilling at Pueblo Grande, and a pre-feasibility study within six years. It has also taken a 12% stake in the junior for a $1.4 million investment in a private placement of 12.71 million common shares at 11¢ per share. Precipitate’s Pueblo Grande project surrounds the Pueblo Viejo mine site on the west, north and east side, covering roughly 99 sq. km, about 50 km north of the capital city of Santo Domingo. Pueblo Viejo is a joint venture between Barrick (60%) and Newmont (TSX: NGT; NYSE: NEM) (40%), and produces gold, silver and copper. The mine began commercial production in 2013 and is one of the world’s largest gold assets. Precipitate notes there are substantial underexplored lithocap alteration zones close to Pueblo Viejo’s open pits, and the company has delineated at least eight drill target zones. In June 2019, the junior completed a geophysical magnetic 3D inversion study on the advanced argillic altered Loma Cuaba Lithocap Zone. The study identified five magnetic low anomalies (near surface and concealed at depth) that the company believes are likely associated with magnetite destruction alteration measuring up to 450 metres in diameter, at an estimated depth of 400 metres to the

Golden Minerals’ El Quevar project in Argentina’s Salta province. CREDIT: GOLDEN MINERALS.

top of the anomaly. None of the geophysical anomalies have been drill tested. Highlights from historic drilling in two zones included 23 metres grading 4.76 grams gold per tonne and 23 grams silver per tonne; 27 metres of 2.46 grams gold and 26.7 grams silver in the Lechoza zone, and 11 metres of 2.96 grams gold and 104.9 grams silver in the Tres Bocas zone. Meanwhile, under Barrick’s option deal with Golden Minerals, the gold major must spend US$10 million on exploration over eight years and deliver a prefeasibility study on the El Quevar silver project in northwestern Argentina, 300 km northwest of the city of Salta. As part of the agreement, Barrick will purchase US$1 million worth of Golden Minerals’ shares in a private placement at a price of US21¢ per share.

The project’s Yaxtche deposit contains 2.9 million indicated tonnes grading 482 grams silver per tonne for 45.3 million oz. contained silver and 0.3 million inferred tonnes grading 417 grams silver per tonne for 4.1 million oz. contained silver. A preliminary economic assessment (PEA) completed in September 2018 outlined an underground mine with a six-year mine life producing 29 million oz. payable silver over the life of the mine at an average grade of 409 grams silver per tonne. Using a US$16.66 per oz. silver price, the PEA estimated an after-tax net present value of US$45 million at a 5% discount rate and a post-tax internal rate of return of 17%. The early-stage study estimated pre-production capex of US$97 million, including a US$16 million contingency. TNM

PRECIPITATE’S PUEBLO GRANDE PROJECT SURROUNDS THE PUEBLO VIEJO MINE SITE ON THE WEST, NORTH AND EAST SIDE.

SilverCrest raises $101M after National Bank Financial bails | Company raises $26 million more than cancelled NBF deal

TURN KEY OPERATION

FINANCING

BY TRISH SAYWELL

tsaywell@northernminer.com

ess than a month after National Bank Financial said it was terminating a $75 million boughtdeal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic, the mining company announced it would raise the same amount of money and possibly more through a non-brokered private placement. SilverCrest announced on April 13 that it would issue 10 million common shares at a price of $7.50 per share, and said it was reserving the right to increase the issue to 13.33 million common shares for a total raise of $100 million. The company closed the financing on April 17 — raising a total of $101 million — representing an oversubscription of about $26 million. Under the bought-deal financing that National Bank Financial cancelled on March 18, 9.1 million SilverCrest shares would have been sold at $8.25 apiece. The deal would have been lucrative for the bankers, which would have grossed 5% of the $75 million, or about $3.75 million, plus further potential commission

under a 15% over-allotment option to place up to an additional 1.37 million shares if there was investor appetite. After NBF terminated the brokered deal, SilverCrest said it would pursue legal options. The company disputed the bank’s pandemic justification as the situation “was fully evident when the bought-deal financing was agreed upon with expectations that the precious metals market would respond positively to this known risk.” The funds raised in the financing announced on April 13 will be used for exploration and development of SilverCrest’s Las Chispas project in Mexico and for general working capital. The project is 180 km northeast of Hermosillo in the state of Sonora and consists of 28 concessions totalling 14 square kilometres. The company has 16 drill rigs at the vein-hosted silver deposit and plans to complete a feasibility study before the end of the year. A preliminary economic assessment (PEA) last year outlined a 1,250 tonne per day production rate and an initial mine life of 8.5 years. The study forecast average annual production of 5.38 million oz. silver and 55,700 oz. gold, or 9.6 million silver-equivalent

oz., over the life-of-mine, with higher production rates envisioned over the initial four years. Initial capital expenditure came in at US$100.5 million, and the study estimated the high-margin project would deliver a short payback period of nine months, an after-tax internal rate of return of 78%, and an aftertax net present value of US$406.9 million. The company says drilling to date has only tested 10 of the 36 known veins on Las Chispas, and it is budgeting about US$16 million for its full-year 2020 drill program of about 125,000 metres. SSR Mining (TSX: SSRM; NASDAQ: SSRM) owns 7.6%, a position secured when it invested in SilverCrest in late 2018, and under the non-brokered private placement announced April 13 has a right to maintain its ownership interest and up to 9.9%. At press time in Toronto, shares of SilverCrest were trading at $8.72 within a 52-week trading range of $3.99 and $10.98. The company has 109 million common shares outstanding for a $953-million market capitalization. TNM

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APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

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GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com EDITOR: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: US$120.00 one year Foreign: US$157.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

E D I T O R IA L

C O U RT C A SE

The good, the bad and the absurd

What the Nevsun human rights case means for Canadian miners

irst the good news: Quebec’s decision last week to add mining to the list of priority activities and services permitted during the pandemic elicited quiet cheers from investors and lifted the spirits of gold miners like Agnico Eagle, Yamana, Iamgold, Hecla and Eldorado, which said they would cautiously re-open their mines BY TRISH SAYWELL tsaywell@northernminer.com under strict health and safety protocols. (At last count, Quebec has more than half of Canada’s COVID-19 cases and about 47% of its recorded deaths.) There was room for some optimism in Europe, too, as Germany – a leader among Western nations in combating the virus – said it would begin easing some restrictions on movement and allow a handful of businesses to re-open, including bookstores, bike shops and car dealers. Chancellor Angela Merkel – who trained in science — has shown the world what early and widespread testing, sufficient numbers of beds in intensive care units, and well-observed social distancing policies can achieve, and the country has already begun testing people for immunity to the virus. Other signs of hope came from Oxford University, where test trials of a coronavirus vaccine on humans have begun and could be completed as early as mid-August, according to The Guardian newspaper. Meanwhile in the United States, the Dow Jones Industrial Average “staged its best two-week performance since the 1930s,” The Wall Street Journal reported on April 17, noting that the “explosive rally is a sign that many are positioning for the U.S. to make a speedy recovery when the coronavirus crisis eases.” (The paper also pointed out, however, that the stock market rally – driven mainly by massive stimulus measures from the U.S. government and Federal Reserve – underscored “a confounding reality: soaring share prices and a floundering economy.”) Now for the bad headlines: For the first time in history, U.S. crude oil futures fell below US$0 on Monday “amid a coronavirus-induced supply glut, ending the day at a stunning minus US$37.63 per barrel as desperate traders paid to get rid of oil,” our sister publication, The Daily Oil Bulletin, reported on April 20. “The May U.S. WTI contract fell US$55.90, or 306%, to settle at a discount of US$37.63 per barrel, after touching an all-time low of -US$40.32 per barrel. Brent was down $2.51, or 9%, to settle at US$25.57 per barrel.” In other news, the International Monetary Fund warned last week that it expects the world economy will contract by 3% in 2020, as the virus continues to lock-down nations. “It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago,” Gita Gopinath, the IMF’s chief economist, told reporters. While economists ponder whether the recovery will be V-shaped or U-shaped or look more like a W, the stats published last week offered little guidance and even less comfort. Twenty-two million people in the U.S. have filed for unemployment benefits in the last month, “the largest and most dramatic rise in claims on record since the Labor Department started tracking the data in 1967,” according to CNN; and a recent survey of 57 economists by The Wall Street Journal concluded that the unemployment rate in the U.S. will hit a record 13% in June. China reported the first contraction in quarterly GDP (6.8%) since the country began releasing the numbers in 1992. “The nature of the shock is really different than anything we’ve ever seen in our lifetimes,” Goldman Sach’s chief Asia Pacific economist Andrew Tilton told The WSJ. While a fragile recovery there is now underway, China’s exports to Europe and the U.S., two of the country’s largest partners in trade, fell by more than 20% year-on-year in March, while domestic retail sales were down 16% compared with the same month in 2019. Then there was the absurd: Not only did U.S. President Donald Trump threaten to cut off funding to the World Health Organization but he also supported anti-government protestors in some states that want an end to stay-at-home orders. In tweets Trump wrote: “LIBERATE MICHIGAN!” and “LIBERATE MINNESOTA!” – a day after announcing guidelines for governors to re-open the economy and saying that the decision to relax restrictions rested with state governors. Ultimately, the timing of when to start easing restrictions must boil down to the extent to which adequate testing and contact-tracing measures are in place. And that time still seems quite a long way off. According to The New York Times, citing the COVID Tracking Project, about 150,000 diagnostic tests are being done a day in the U.S., but “new estimates by researchers at Harvard University suggest that the United States cannot safely reopen unless it conducts more than three times the number of coronavirus tests it is currently administering over the next month.” TNM

COMPANY INDEX THE NORTHERN MINER is published biweekly by Glacier Resource Innovation Group, a division of Glacier Media Inc., a leading Canadian media company with interests in business-to-business information services. From time to time we make our subscription list available to select companies and organizations whose products or services may interest you. If you do not wish your contact information to be made available, please contact us by one of the following methods: Phone: 1-888-502-3456; Fax: (416) 447-7658; Mail to: Privacy Officer, The Northern Miner, 225 Duncan Mill Road, Suite 320, Toronto, ON M3B 3K9.

Agnico Eagle Mines. . 8,10,11 Alamos Gold. . . . . . . . . . . . . 7 Alamos Gold. . . . . . . . . . . . . 8 American Pacific. . . . . . . . . 6 Anaconda Mining. . . . . . . . 5 Asante Gold . . . . . . . . . . . . . 5 ATAC Resources . . . . . . . . 13 Barrick Gold. . . . . . . . . . . 3,13 BHP. . . . . . . . . . . . . . . . . . . . 8 Cameco. . . . . . . . . . . . . . . . 14 Comstock Metals. . . . . . . . 13 First Quantum Minerals. . . 8 Freeport McMoRan. . . . . . 16 GGL Resources. . . . . . . . . . 13 Glencore . . . . . . . . . . . . . . . 16 Global Atomic . . . . . . . . . . 14 Golden Minerals . . . . . . . . 12

Golden Predator. . . . . . . . . 12 Group Ten Metals . . . . . . . 11 Hochschild Mining. . . . . . 16 Hudbay Minerals. . . . . . . . 15 Ivanhoe Mines. . . . . . . . . . 10 Kodiak Copper. . . . . . . . . . 10 McEwen Mining . . . . . . . . . 8 Nevsun Resources. . . . . . . . 4 Newmont. . . . . . . . . . . .3,8,13 NickelCreek Platinum. . . . 11 Nighthawk Gold. . . . . . . . . 12 Palladium One Mining. . . . 9 Pan American Silver. . . . . . 8 Precipitate Gold. . . . . . . . . . 3 Rio Tinto. . . . . . . . . . . . . . . 16 Rio Tinto. . . . . . . . . . . . . . . . 6 Rockhaven Resources. . . . 13

Seabridge Gold. . . . . . . . . . 12 Sibanye-Stillwater . . . . . . . 11 Sierra Metals. . . . . . . . . . . . . 8 Silver Range Resources. . . 13 SilverCrest Metals . . . . . . . . 3 Solstice Gold. . . . . . . . . . . . 10 SSR Mining. . . . . . . . . . . . . . 3 Strategic Metals . . . . . . . . . 13 Teck Resources. . . . . . . . . . . 8 Trevali Mining. . . . . . . . . . . 8 Trilogy Metals. . . . . . . . . . . 13 Triumph Gold. . . . . . . . . . . 13 Troilus Gold. . . . . . . . . . . . 15 White Gold. . . . . . . . . . . . . 13 Yamana Gold . . . . . . . . . . . 11

RULING

| Canadian miners with foreign operations can be sued at home

BY ALISHA HIYATE

Canadian Mining Journal

recent Supreme Court decision pertaining to Nevsun Resources could have big implications for other Canadian mining companies with foreign operations, opening them up to human rights claims stemming from their operations abroad. The lawsuit against Nevsun, Nevsun vs. Araya, alleges that the company was complicit in the use of forced labour by a subcontractor at its Bisha copperzinc mine in Eritrea. Nevsun, which was acquired in late 2018 by Zijin Mining Group, denies the allegations. At this point, the actual evidence against Nevsun hasn’t been heard in court. However, a 5-4 Supreme Court of Canada decision issued on Feb. 28 has paved the way for the lawsuit to proceed in Canadian court. The decision marks the third time since the lawsuit was originally filed in 2014 that Canadian courts have said the case should proceed in Canada, dismissing challenges by Nevsun. Moreover, the decision has opened companies up to new types of claims based on a novel legal theory that has never been tested in a final court decision, says Robert Wisner, a partner and co-chair, international arbitration at McMillan LLP. “In a nutshell, the Nevsun decision says that the company may be sued, and one of the grounds that it may be sued on is a theory of corporate liability, which has never been accepted until this case by the Canadian courts,” Wisner says. He explains that rather than a typical common law tort claim, or a claim based on a civil code system from another country, which are both well understood, this new theory of civil liability has never been accepted on the evidence in any country, including Canada. The difference is that the Supreme Court decision now allows plaintiffs to bring legal actions based on breaches of customary international law – which is unwritten, and consists of generally accepted practices, such as prohibitions against slavery, forced labour and cruel and inhuman treatment. Normally, customary international law has been interpreted to apply to states rather than private parties such as companies. This doesn’t mean that this new way of looking at corporate liability will actually stand up in court – it remains to be tested when the Nevsun suit is heard. “I think many of us in the legal community who act for resource companies had hoped that the Supreme Court would actually provide some clarity,” Wisner said. “We’re just at the early stages of what could potentially be broader liability, but it may ultimately be that the courts decide not to expand liability – we just don’t know yet.” While the allegations against Nevsun are unusual, Wisner says the case could have implications

beyond extreme cases and could apply to other claims against companies aside from those dealing with human rights. “It does open companies up to claims that are not what people would normally think of as human rights violations,” he says. “Customary international law covers a whole range of areas of international law – One could, for example, see an environmental claim advanced on the theory that there is duty under customary international law to take steps to protect the environment, and, therefore, beyond whatever tort claim that may arise from an environmental disaster or whatever statutory claims may arise — you could see a theory being advanced that an environmental accident creates liability under customary international law.” Advice for miners For Canadian miners who have operations in areas with poor human rights, Wisner has several pieces of advice. “First of all, despite the impression that some people have, it is still important to pay attention to the separate legal status of a subsidiary company and to ensure that that is maintained,” he says. In addition, Wisner says due diligence on social, environmental and human rights risks is essential when completing acquisitions of companies in affected areas. For companies that do have operations in countries with higher human rights risks, it is important to take corporate social responsibility policies seriously. “They are by no means a panacea – they do not guarantee that you won’t be sued, and in some cases, in fact, plaintiffs have cited the express existence of corporate social responsibility policies to say that you should have been aware of a risk,” he says. “But the advantage of having a CSR policy and implementing it carefully is that it establishes a bit of a defence of due diligence if you’re faced with a claim for negligence in tort or even if you’re faced with a claim that you’re somehow conspiring with a foreign state and that’s a breach of customary international law. So I think due diligence, whether it’s in the acquisition of assets or due diligence in terms of social and human rights policies is important for Canadian mining companies to maintain.” One potential spinoff outcome to watch for in the future is that Canada could receive cases now being litigated under the “Alien Tort Statute” in the U.S., as U.S. courts have made it difficult for these cases to proceed. “The question is whether that type of litigation that has been brought in the United States and has been shut down by the U.S. Supreme Court, is going to move north,” Wisner says. “Because the Canadian Supreme Court has basically invited plaintiffs to come up here, assuming that there are defendants that are present here.” TNM — This article first appeared in the Canadian Mining Journal, where Alisha Hiyate is Editor in Chief.

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

Disruptive drill technology offers potential for gold miners INNOVATION

| Anaconda says SMD technology can retrieve profits from narrow vein deposits

BY DANIEL SEKULICH Special to The Northern Miner

new means of exploiting previously overlooked zones of gold mineralization may prove to be the type of disruptive technology needed once the global COVID-19 pandemic is over. Called sustainable mining by drilling (SMD), it uses a unique, surface-based drilling system to get at narrow vein deposits that have been considered uneconomic using existing mining techniques. SMD’s creators believe the technology offers a cost-effective means of accessing known deposits while doing so with a smaller environmental footprint, reduced labour costs and increased safety for the system’s onsite operators. The technology was developed by Toronto-based Anaconda Mining (TSX: ANX; US-OTC: ANXGF), which operates the Pine Cove openpit gold mine and mill in the Baie Verte region of north-central Newfoundland. Kevin Bullock, Anaconda’s president and CEO, says they knew there could be steeply dipping (at least 50-90 degree) linear ore veins measuring less than 1.5 metres in width that were being ignored, and they wanted to find a viable means of mining them. “There are literally thousands of deposits around the world, hundreds in Newfoundland alone,” Bullock says, noting that many are “too small and too narrow to justify the capex of a regular mining operation.” But they’re high grade. “You can make a lot of money off small tonnes if the grade is there and you can figure out how to get it,” he says in an interview. “And this is a way to do that.” In 2015, Allan Cramm, Anaconda’s vice-president, innovation and development, approached the company’s president with an idea to address the challenge of getting at these particular deposits. Cramm thought they should explore a homegrown solution by working with faculty and researchers at Memorial University (MUN) in St. John’s, Newfoundland. With Anaconda’s support, Cramm forged a collaboration with Stephen Butt, a geological engineer and professor in MUN’s engineering and applied science department. “Memorial University doesn’t have a mining program, and these researchers have no real mining background,” Cramm explains. “So initially, for the first five or six months, they sought to modify conventional technology, things like jackleg drills and Alimak mining methods. But nothing was working.” At that point, the team realized they needed to rethink their approach. As Cramm recalls, this is when he and Butts knew the project needed to pivot into new territory. “Steve’s background was leading the drilling technology laboratory, which was really set up to service the offshore oil industry in Newfoundland,” Cramm says. “So he and I chatted about putting some of the oil and gas drilling technology into mining applications. And that’s when things really took off.” For the next several years, the MUN researchers embraced the idea of thinking outside the box, as they adapted technology from the offshore oil and gas sector into what would become the SMD concept. This involved augmenting existing directional drilling equipment and ground penetrating radar technology

The judging panel and host on stage in Toronto at Goldcorp and KPMG’s #DisruptMining innovation challenge in March 2019, from left: Jacob Yeung, student and captain of the University of British Columbia #DisruptMining judging team; Sue Paish, CEO of Canada’s Digital Technology Supercluster; Ian Telfer, chair of Goldcorp; Wal van Lierop, founder and managing partner of Chrysalix Venture Capital; Katie Valentine, global head of mining consulting at KPMG; and Rick Mercer, master of ceremonies. CREDIT: NEWMONT.

A core sample from Anaconda Mining’s Pine Cove gold mine Newfoundland.

with innovative improvements geared specifically toward the mining sector. SMD involves a two-pass drilling system that uses high resolution, subsurface imaging to identify the physical shape of a vein, and directional drilling that is flexible enough to deal with changes in the vein geometry. On the first pass, a pilot hole is made by a diamond drill, guided by what is called a near borehole imaging tool (NBIT). The NBIT does downhole surveys at regular intervals, measuring the hole trajectory and distance from the hanging wall to the foot wall. The second pass follows the pilot hole but utilizes a large diameter hole opening (0.5-3.0 metres) to excavate the vein out to its full thickness between the walls. The cuttings are then transported to the surface as a slurry, using low energy, reverse circulation air-lift assist methods that bypass grinding. In addition to incorporating technology from outside the mining sector, Cramm says there’s a long list of other aspects of the technology that make it disruptive. “It reduces the cost to extract this ore considerably, leveraging greater yields from existing mines,” he notes. “It reduces the environmental footprint considerably. It reduces the number of people required and, more importantly, places operators in a safe location on the surface. We’re doing for the mining industry what drones have done for military pilots: putting the operator out of harm’s way.” Cramm adds that an SMD operation can be operated by as few as three people, and that the cost to extract ore using it is about half per tonne compared with conventional techniques. SMD’s public debut occurred when Anaconda participated in the #DisruptMining event sponsored by Goldcorp at the Prospectors & Developers Association Convention (PDAC) in 2019. Though their pitch did not win, they were the only Canadian firm to make it to the finals, and the positive feedback gave them the confidence to push forward. After five years of labour and almost $5 million spent on development, Anaconda’s Bullock says the firm decided to create a subsidiary to oversee SMD’s next steps. That venture-backed start-up, Novamera Inc., is now targeting an integrated trial of SMD technology in June 2021, for what is called a Generation 1 Minimum Viable Product (MVP).

million in a year. This is absolutely disruptive mining.” For the SMD development team, MacQuarrie’s preliminary assessment is a positive sign that SMD could become a technology that helps replace global mineral reserves and those that are not getting exploited, as well as enabling companies to leverage existing infrastructure. “I think mining is ripe for a disruptive change,” says Cramm. “Globally, there are reports that suggest there are a billion ounces worldwide that we’ve known about. With a billion ounces out there, why are we still exploring? We know these ounces exist — maybe we need to put more technology into how we can mine them.” TNM

But interest in the technology is already beginning to build in parts of the gold mining community, Bullock says. Vancouver-based junior Asante Gold (CNSX: ASE; US-OTC: ASGOF) believes that SMD could prove an effective means of extracting ore at their Kubi project site in Ghana. “This is spectacular timing for us because our Kubi site is closer to two metres in width,” says Douglas MacQuarrie, Asante’s president and CEO. “I’m a geologist. I like finding gold. But as a CEO you have to look at the financial side of [extraction]. So I ran this by our vice-president, who happens to be a mining engineer, and he said this will work.” MacQuarrie cautions that after

his team looked at SMD, it was clear that this technology would not work for flat line targets and that the ore bodies need continuity that is quite planar. Luckily for Asante, their Kubi project has the type of geology that makes it perfectly suited to using this new extraction technology. “I am convinced this technique will work, and I am convinced it’ll work at costs that are far lower than the [existing] technology out there,” MacQuarrie says. “If we can get the costs of mining a tonne of ore down from $100 a tonne to $30 a tonne, that’s phenomenal. For our particular business plan [in Ghana], we project a savings of $10

CREDIT: ANACONDA MINING.

together we win Our clients and candidates produce metals for critical life saving equipment in the battle against Covid-19 Erik Buckland

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APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

The Madison project in Montana at dusk. PHOTO: AMERICAN PACIFIC MINING.

American Pacific acquires Madison project with Rio Tinto as partner USA

| Junior picks up copper-gold project in Montana for $2.4 million in shares

BY TRISH SAYWELL tsaywell@northernminer.com

or a junior exploration company with a market capitalization of $3 million, the prospect of acquiring a gold project with a past producing mine in the U.S., where Rio Tinto (NYSE: RIO; LSE: RIO) may spend up to US$30 million to earn a 70% stake, sounds almost too good to be true. But that’s exactly what American Pacific Mining (CNSX: USGD; US-OTC: USGDF) pulled off in an all-share deal with privately held Madison Metals worth about $2.4 million. “We are by no short order thrilled to have picked up this asset — and to pick it up with a joint-venture partner like Rio Tinto was a coup,” says Warwick Smith, American Pacific Mining’s founder and CEO. “It’s not very often that a company our size gets to team up with the second-largest company in the world.” The Madison copper-gold project in Montana contains two historic underground mine developments – Madison and Broadway – and the property is 48 km from the Butte mine, which churned out 21 billion lb. copper, 715 million oz. silver, 2.9 million oz. gold and vast amounts of zinc, lead and manganese when it was in production between 1955 and 1982. “It was a colossal concentration of metal — world class in every aspect,” Eric Saderholm, a geologist and American Pacific Mining’s president and co-founder, says of the Butte mine. Rio Tinto – through its subsidiary Kennecott Exploration – decided to earn-into the Madison project in April 2019 – and by American Pacific’s count spent $2 million on a 14-hole drill program there last year. Drill results will be released later this year. The major apparently was intrigued by near-surface drill results that the project’s previous owner, Broadway Gold Mining, released starting in 2017, says Saderholm. Broadway drilled a fan of surface core holes that encountered multiple intrusive bodies and phases, he says, and the accompanying textures and mineralogy were strongly indicative of distal porphyry-style alteration and porphyry affinity, he explains. “Broadway did a nice job of selecting and implementing various effective geophysical tools that helped define logical drill targets,” Saderholm says, “and these responses may indicate massive sulphide, skarn or porphyry style minerals.” Highlights from Broadway’s drill programs included 24.5 grams gold per tonne over 30 metres from a depth of 8 metres, including 68.6 grams gold per tonne over 5 metres; 41.7

An aerial view of the Madison project in Montana. PHOTOS: AMERICAN PACIFIC MINING.

“IT’S NOT VERY OFTEN THAT A COMPANY OUR SIZE GETS TO TEAM UP WITH THE SECONDLARGEST COMPANY IN THE WORLD.” WARWICK SMITH FOUNDER AND CEO, AMERICAN PACIFIC MINING

A copper rock sample from the Madison project in Montana.

Inside the core shack at the Madison project.

grams gold per tonne over 11 metres from 9 metres downhole, including 51.8 grams gold over 5 metres; and 6% copper over 5 metres from 123 metres, including 11.45% copper over 2 metres. “I believe that what Rio Tinto saw in the

2017 and 2019 campaigns excited them enough to continue exploring for the large system,” says Saderholm, who before setting up American Pacific Mining with Smith in March 2018 spent more than 12 years at Newmont (TSX: NGT; NYSE: NEM), where

he served in many roles, including as an exploration manager in the United States. “The high-grade mineralization at Madison, and the nature of that high grade, suggests that there is a deep-seated heat engine, or engines, and certainly favourable plumbing below,” Saderholm continues. “Rio Tinto is searching for the big deposit – the 50-year mine-life deposit. They are the experts and I believe they think they are in the right address and have clear targets to test.” Ironically, Saderholm and Smith were interested in Madison four years ago and toured the underground mine workings in 2016. But the mine ultimately sold to Broadway Gold and management took that company public. Broadway then refurbished parts of the Madison mine, rehabilitating underground workings to access stopes and mineralization, drilled, and brought Rio Tinto on board. But last year, Broadway Gold decided to change direction and in early March of this year completed a reverse takeover with MindMedicine, a new psychedelics company that is developing neuro-pharmaceuticals that hold the promise of helping combat addiction and other mental health disorders. MindMedicine listed on the NEO Exchange on March 3. As a result, Broadway shifted the Madison gold project into a privately held company, Madison Metals, and when Smith and Saderholm learned that there was a chance they could buy the asset, they jumped at the opportunity. Developed between 2005 and 2011, the Madison mine generated 7,570 oz. gold and 3.02 million lb. copper from bulk samples totalling 17,965 tonnes. Another historic mine on the property, Broadway, produced 144,000 oz. gold at an average grade of 9 grams gold per tonne from 1.8 km of underground workings to depths of around 230 metres, between 1880 and 1950. The Broadway shaft and facility are located 300 meters from the Madison portal. The mineralization appears connected at depth, but they are considered separate at this time since none of the workings link up together. Smith says Rio Tinto plans to drill another 14 holes at the Madison project this year. “We’re going to have about US$4 million worth of drilling to release in 2020, which is pretty fantastic for a company of our size,” he says. “If they see what they like, our risk-to-reward ratio is incredibly good.” News of the acquisition sent American Pacific Mining’s shares up 18.5% to 16¢. Over the last year, the junior’s shares have traded in a range of 6¢ and 69¢. It has 21 million common shares outstanding. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

WO R L D

New Pacific reports major resource at Silver Sand BOLIVIA BY TRISH SAYWELL tsaywell@northernminer.com

ew Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) says its Silver Sand project in Bolivia is one of the more significant primary silver discoveries in the last decade, and the majority of the mineralization identified so far lies within a few hundred metres of surface. The company released its inaugural resource estimate on the deposit last week, two years after acquiring the project, outlining 35.39 million measured and indicated tonnes grading 137 grams silver per tonne for 155.86 million oz. contained silver and 9.84 million inferred tonnes averaging 112 grams silver per tonne for 35.55 million ounces. The estimate used a cut-off grade of 45 grams silver per tonne. Seventy percent of the resource is in the measured and indicated category and the same percentage is within a depth of 200 metres, while the deposit remains open at depth and to the north and south. So far, the company has drilled close to 100,000 metres in 396 drill holes. (Thirty-seven infill holes did not make it into the resource estimate before the cut-off date, but returned high-grade intervals from the core of the deposit.)

| Company hails major silver discovery near 450-year-old mine

Mark Cruise, the company’s chief operating officer, says for an openpittable silver deposit, Silver Sand’s grade of 137 grams per tonne is quite high, given that the average grade for an underground silver mine is about 180 grams silver per tonne. “It stacks up very well no matter what metric you look at, and it hasn’t been fully drilled off yet,” Cruise says in a telephone interview. “We haven’t found the feeder zone yet because we’ve been busy defining a near-surface resource. We will test for underground targets, which, based on the style of deposits in Bolivia, can tend to be higher grade closer to the feeder zone.” He notes that the Silver Sand project is just 25 km northeast of the Cerro Rico silver and base metal mineral system near Potosi. “Cerro Rico was one of the world’s largest and richest silver mines, which paid for the Spanish Empire,” he says. “Mining started there over 450 years ago. Over 1.2 billion oz. silver were produced there, and the area is still being mined today. We’re on very big structures.” Cruise, who has a PhD in geology from the University of Dublin and most recently founded Trevali Mining (TSX: TV), which he grew from an initial discovery to a global top-ten zinc producer, points out that New Pacific has a land package

Chief operating officer Mark Cruise and Bryan Malahoff at New Pacific Metals’ Silver Sand project in Bolivia. CREDIT: NEW PACIFIC METALS.

of 60 sq. km and already has made several discoveries near its main deposit. In the latter half of 2019, the company discovered a new area of mineralization 600 metres to the east of the Silver Sand deposit it has named, Snake Hole. “It’s not included in this resource but it returned one of the highest intercepts since we started working here — 73 metres of close to 300

grams per tonne — and within that, 35 metres of 500 grams, so we’re following up on that very aggressively … and that speaks to the district-scale potential.” New Pacific also found outcrops 600 metres long and 200 metres long, 4 km away at its El Bronce target, which has not been drill tested. “We’ve got an emerging district

where there has been zero drilling,” Cruise says. “We’re here for the long-term, and while Silver Sand is our main focus, we’re going to see what else we can find in this district.” “We want to leverage our knowledge and advance the Silver Sand deposit and continue to explore on a larger scale because the country is completely open,” he says, noting that the last phase of modern exploration occurred in the mid1990s to the early 2000s. “Since then, essentially, there has been little if any modern exploration – certainly when compared to neighbouring countries,” he says. “At this point in time in the country’s exploration cycle, Bolivia feels like Peru in the mid-1990s or Ecuador more recently, prior to or on the cusp of opening up. Given that New Pacific is one of the few active explorer-developers in-country, we feel we are ideally placed as ‘first-movers.’” New Pacific Metals has US$32 million in its treasury. The company has 148 million common shares outstanding for a $695-million market capitalization. Over the last year, its shares have traded in a range of $1.66 and $6.99. At press time in Toronto, the company was trading at $4.72 per share. TNM

Alamos Gold confirms robbery at Mulatos mine MEXICO

| Heavily-armed robbers escape by plane in dramatic gold heist BY TRISH SAYWELL tsaywell@northernminer.com

anagement at Alamos Gold’s (TSX: AGI; NYSE: AGI) headquarters in Toronto have confirmed that the company’s wholly owned Mulatos gold mine in Mexico was robbed in early April. A group of five heavily-armed robbers made off with an undisclosed amount of gold in a small aircraft that landed on an airstrip owned by the company near the heap-leach mine in Sonora state. “We are fully insured on the stolen dore, so we are not expecting any financial impact,” Rebecca Thompson, the company’s vice president of business affairs, told The Northern Miner by email, adding that the company is “currently working with the local authorities.” A subsidiary of Alamos Gold, Minas de Oro Nacional, issued a statement in Spanish about the robbery, which was picked up by Reuters news agency and apparently translated into English. When asked for details, Alamos Gold provided an English translation, which explained that the robbery occurred shortly before 8 a.m. on April 8, when the group of robbers stole the bars of gold and

silver alloy from security personnel at the mine who were carrying the metal to their plane. “At approximately the same time, a light plane, apparently a Cessna-206 type, landed and was immediately loaded with the gold,” the company’s subsidiary said. “The robbery lasted less than 10 minutes.” There were no injuries in the incident. The Mulatos mine has produced about 2 million ounces of gold and generated about $420 million in free cash flow since commercial production began in April 2006. In 2019, Mu latos produced 142,000 oz. gold at total cash costs of US$784 per oz. gold sold and all-in sustaining costs (AISCs) of US$868 per oz. gold sold. Alamos acquired the asset for $10 million in 2003 and built the mine for about $74 million, pouring the first gold in 2005. The conventional open-pit, heapleach mine is situated in the Sierra Madre Occidental mountain range in the east-central portion of Sonora, 220 km east of Hermosillo and 300 km south of Mexico’s border with the United States. As of December 2019, Mulatos has a remaining mine life of six years based on proven and probable reserves of 1.56 million oz. gold. TNM

annually directs about $250M “ PearTree into Canadian mineral exploration and mine development. As we cycle back to more rational markets, our team can show you how to create and enhance profit during volatile times.” Lisa Davis, CEO PearTree Securities lisa.davis@peartreecanada.com

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APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

SOUTH AMERICA From 1

This mosaic image of asteroid Bennu is composed of 12 PolyCam images collected on Dec. 2, 2018, by the OSIRIS-REx spacecraft from a range of 15 miles (24 kilometers). CREDIT: NASA/GODDARD/UNIVERSITY OF ARIZONA. SPACE MINING From 1

to conduct space warfare where needed. The country’s space agency NASA had previously outlined its longterm approach to lunar exploration, which includes setting up a “base camp” on the moon’s south pole. The U.S. isn’t the first nor the only nation to jump on board the lunar mining train. Russia has been pursuing plans in recent years to return to the moon, potentially travelling further into outer space. Roscosmos revealed in 2018 plans to establish a long-term base on the moon over the next two decades, while President Vladimir Putin has vowed to launch a mission to Mars “very soon.” Luxembourg, one of the first countries to set its eyes on the possibility of mining celestial bodies, created in 2018 a Space Agency (LSA) to boost exploration and commercial utilization of resources from near Earth objects. Unlike NASA, LSA does not carry out research or launches. Its purpose is to accelerate collaborations between economic project leaders of the space sector, investors and other partners. Thanks to the emerging European network, scientists announced last year plans to begin extracting resources from the moon as early as 2025.

The mission, in charge of the European Space Agency in partnership with ArianeGroup, plans to extract waste-free nuclear energy thought to be worth trillions of dollars. Both China and India have also floated ideas about extracting Helium-3 from the Earth’s natural satellite. Beijing has already landed on the moon twice, with more missions to follow. In Canada, most initiatives have come from the private sector. One of the most touted was Northern Ontario-based Deltion Innovations partnership with Moon Express, the first American private space exploration firm to have been granted government permission to travel beyond Earth’s orbit. Space ventures in the works include plans to mine asteroids, track space debris, build the first human settlement in Mars, and billionaire Elon Musk’s own plan for an unmanned mission to the red planet. Geologists as well as emerging companies, such as U.S.-based Planetary Resources, a firm helping pioneer the space mining industry, believe asteroids are packed with iron ore, nickel and precious metals at much higher concentrations than those found on Earth, making up a market valued in the trillions of dollars. TNM — This article first appeared in our sister publication, MINING.com.

This self-portrait of NASA’s Curiosity Mars rover shows the vehicle at the “Mojave” site, where its drill collected the mission’s second sample of Mount Sharp. CREDIT: NASA/JPL-CALTECH/MSSS.

implemented a mandatory lockdown from March 20 until March 31, with police enforcing it on the streets. The measure was extended twice, and is currently in place until April 26. On April 10, Fernández shared slides that indicated the measures were working, comparing Argentina’s 1,975 confirmed cases at the time and modest curve to Brazil’s 19,638 cases and precipitously steep climb. He also noted that if Argentina hadn’t implemented quarantine measures, it was projected to have had 45,044 cases by that day, with 83% of its intensive care beds occupied. Instead, just 3.9% of the country’s ICU beds are in use. To combat the economic toll of the virus on Argentina’s already fragile economy, Fernández rolled out an economic and social relief package that will invest as much as 2% of the country’s GDP — including 10,000-peso (US$150) payments for almost eight million Argentinians — and issued an executive order preventing cuts to any essential services for retirees, social welfare recipients and low-income households. While Fernández put mining on the list of essential sectors, many lithium miners in the country have cut back or stalled their operations. McEwen Mining (TSX: MUX; NYSE: MUX) also halted its 49%-owned San José mine and Los Azules copper project until further notice. In Peru, the government also moved swiftly after its first case on March 6. On March 15, President Martin Vizcarra implemented a country-wide lockdown for 15 days, which involved closing the borders, restricting travel within the country and a mandatory closure of all non-essential businesses. Constitutional rights including free movement and assembly were also suspended. The country has implemented a strict curfew, and has rules in place preventing more than one person per household from leaving home each week. The quarantine has been extended twice so far, and is currently in place until April 26. Vizcarra has said some measures likely can be lifted in May. While the country has the second-highest confirmed case rate in South America — at 15,628 as of April 19 — that’s in part due to a massive ramp-up in testing. On April 14, Peru tested more than 15,000 people, in comparison to just 1,000 on the same day one week prior, according to Bloomberg. “The Peruvian government is one of the ones that’s enacted the more restrictive measures against the pandemic,” said Verónica Hurtado, a PhD candidate in the University of British Columbia’s department of political science, who studies the impact of mining operations on local politics in Peru. Mining companies are allowed to carry out critical operations, including transporting mineral concentrates and other goods, while adhering to new safety, health and environmental conditions. Many companies, including Pan American Silver (TSX: PAAS; NASDAQ: PAAS), Newmont (TSX: NGT; NYSE: NEM), Trevali Mining (TSX: TV), and Sierra Metals (TSX: SMT; NYSE-AM: SMTS) reduced or shuttered their operations to comply with the state of emergency. On April 14, BHP (NYSE: BHP; LSE: BHP) and Teck Resources (TSX: TCK.B; NYSE: TECK) announced production would be suspended at the Antamina copper mine for at least two weeks. The mine was exempted from the measures due to its remote location, but the extension of the shutdown resulted in the companies deciding to swap out their shift crew. The Peruvian government has implemented rules that allow miners to come to work for 30 days, but only if they declare they don’t have symptoms of the virus and haven’t been in contact with someone who has it. “The problem is, it doesn’t require mines to test the workers,” Hurtado told The Northern Miner. “It opens up this space for workers to be asymptomatic or lie because they just want to keep their jobs.” UBC’s Hurtado said the virus is exacerbating existing tensions in small mining communities. “Although mines have the right to continue producing and provide a source of income to these workers, they are endangering the local communities where they usually operate. Moreover, you have a situation where they have been donating medical equipment and investing in health care for the communities, but [communities] still feel unsafe because of all the transitive [workers].” In neighbouring Chile, which had its first known case of the virus in early March, the government closed the borders in mid-March, announced a 90day “state of catastrophe” and implemented curfews, as well as quarantines in select districts in Santiago. Chile’s plans for a referendum on its constitution reforms, slated for April 26, were also postponed. Its confirmed cases as of April 19 sit at 10,088. The country has the highest testing rate in South America at 2,900 tests per million people, according to data from Worldometers quoted by Bloomberg, while Chile’s mortality rate sits at 1.3%, based on confirmed cases and deaths as of April 20, in comparison to the World Health Organization’s global average of 6.8%. But some doctors in Chile told The Guardian newspaper on April 10 that it’s too early to say if the country is handling the crisis well because early cases were concentrated in rich neighbourhoods, where people had access to quality health care.

Meanwhile, the region’s largest countries, Mexico and Brazil, have stumbled in their responses. Brazil has moved slowly to curb the spread of the virus, and, as of April 19, the country has the largest number of infections (38,654) and deaths (2,462) in South America. The country’s efforts have been impeded by President Jair Bolsonaro’s skepticism about the danger of the disease. While state governments closed non-essential businesses and implemented quarantine measures, Bolsonaro criticized the stringent measures, calling the virus a “small flu” and blamed media for scaring citizens. “In my particular case, because of my background as an athlete, I wouldn’t need to worry if I was infected by the virus,” Bolsonaro declared in a televised address on March 24, according to The Guardian’s reporter in Rio de Janeiro. “I wouldn’t feel anything or, at the very worst, it would be like a little flu or a bit of a cold.” Bolsonaro also engaged in a war of words with his health minister, Luis Henrique Mandetta, over how the virus should be handled, with the latter encouraging Brazilians to practice social distancing. Bolsonaro fired Mandetta on April 16, and three days later the president joined anti-lockdown protestors who called for a military coup to end the lockdown measures. In Mexico, which had its first confirmed case in late February, some schools suspended classes and sporting events were cancelled, but President Andrés Manuel López Obrador was still downplaying the risk of the virus in mid-March, saying that “pandemics … won’t do anything to us,” and accusing both the media and his political opponents of overstating the threat. States and cities were left to impose curfews and close gathering places such as bars, nightclubs, movie theatres and museums. López Obrador didn’t move to limit gatherings of more than 100 people until March 24, and declined to shut down non-essential businesses until April 1, prompting mining companies such as Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Alamos Gold (TSX: AGI; NYSE: AGI), McEwen Mining and Newmont to put their operations in care and maintenance. While Mexico only had 8,261 confirmed coronavirus cases as of April 19, Deputy Health Minister Hugo Lopez-Gatell said on April 16 the country could have as many as 55,951 people infected, according to Reuters. Vanda Felbab-Brown, a senior fellow in the Centre for 21st Century Security and Intelligence in the foreign policy program at the Brookings Institution, noted in a late March commentary that López Obrador had followed “a dangerously dismissive and outright irresponsible attitude toward the coronavirus” as other populist leaders have worldwide — Bolsonaro in Brazil, Donald Trump in the U.S. and Imran Khan in Pakistan. All four countries have seen higher confirmed cases, delayed or no social distancing measures, and attempts to end them. “[López Obrador’s] reluctance to acknowledge the seriousness of COVID-19 … resembled the dithering we’ve seen from Trump, Bolsonaro and Khan: it’s a misguided attempt to save the country’s faltering national economy,” Felbab-Brown wrote. “Like other leaders, AMLO has been trading people’s lives for the delusion that Mexico’s economy can be sheltered from the pandemic.” As South American countries have moved to deal with the virus, base metals are expected to take a hit. Production disruptions of copper mines in Peru, Chile, Mexico and Canada will remove 1.3% of global supply, said Scotiabank commodity strategist Nicky Shiels in an April market insights report. Shiels also noted that “new risks emerge daily,” including Panama ordering First Quantum Minerals (TSX: FM) to shutter its copper mine temporarily to prevent the spread. Natalie Scott Gray, a London-based senior metals analyst at INTL FCStone, told The Northern Miner in an email on April 20 that, at present, 425,000 tonnes of copper production has been taken offline, with Central and South America responsible for 120,000 tonnes of that, or 28%. Peru was the hardest hit, with 85,000 tonnes of production lost, followed by Panama at 14,000 tonnes, Chile at 13,000 tonnes and Ecuador at 7,000 tonnes. Scott Gray also noted that supply-side disruptions won’t be enough to offset the substantial drop in demand across all base metals in 2020, with each of them forecast to record surpluses this year. “It is worth keeping in mind here that any continuation of disruption to supply will ultimately also be playing out as disruption to demand, which was initially and immediately impacted as the virus fast spread in China,” she said. “We believe that the longer-term focus for the supply side will ultimately come down to the impact that lower metal prices and lower demand will have on future investment, with a strong theme appearing that not only are mining majors announcing a reduction to capex levels for 2020, but future projects are being suspended indefinitely.” Global growth is set to halve in 2020 from precoronavirus levels and that spells trouble for base metal demand, the ultimate driver of future prices, Scott Gray said. “The longer-term and more influential issues on supply arises from the price points of these metals, rather than how long supply disruption will last.” TNM

MINING AND EXPLORATION IN

THE FAR NORTH SPECIAL FOCUS

Palladium One lays groundwork for massive sulphide project FINLAND

| Company believes LK deposit is similar to Ivanhoe’s Platreef BY CARL A. WILLIAMS cwilliams@northernminer.com

Palladium One’s Läntinen Koillismaa (LK) PGE-nickel-copper property in north-central Finland. CREDIT: PALLADIUM ONE.

alladium One Mining (TSXV: PDM) ha s ex tended t he Kaukua South zone anomaly at its flagship Läntinen Koillismaa (LK) PGE-nickel-copper project in north-central Finland. "Reconnaissance drilling carried out by previous owners of the property showed mineralization to be associated with the anomaly, and we have now extended it over four kilometres into a large area of overburden that has never been drill tested before," Derrick Weyrauch, the company’s president and CEO, said in a telephone interview. “It’s opened up a whole new area of exploration for us and we’re really excited about its potential.” Results from a recent induced polarization (IP) survey showed a large chargeability anomaly, rep-

resenting the eastern extension of the palladium-dominant Kaukua South zone. The anomaly extends to the eastern edge of the survey grid, representing the edge of the company’s permitted boundary. As a result, Palladium One has applied for a 91-sq. km permit covering the potential extension of the Kaukua South mineralization. “At the moment, we’re holding what is known as a reservation permit that allows us to conduct exploration activities that are low impact and so does not allow us to carry out drilling,” Weyrauch said. “However, there is much work to be done on the property before drilling can proceed, including a lot of mapping, sampling and geophysics interpretations, which we will carry out over the one to two year period that we have the reservation.” Once the interpretation work is complete, the company intends to See PALLADIUM ONE / 10

APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

THE FAR NORTH

Solstice Gold updates plans for Kahuna NUNAVUT

| Early-stage project sits 15 km from Agnico Eagle’s Meliadine mine

A drill operator working the rig on KGP during the 2019 field program. PHOTO BY IAN RUSSELL.

BY CARL A. WILLIAMS cwilliams@northernminer.com

olstice Gold (TSXV: SGC) has completed a new technical report on its Kahuna gold project, located 26 km northeast of Rankin Inlet and 15 km from Agnico Eagle Mines' (TSX: AEM; NYSE: AEM) Meliadine gold mine in the Kivalliq region of eastern Nunavut. “The updated technical report validates our exploration strategy and modelling for Kahuna, and confirms it as an attractive, early-stage exploration project with the potential to host significant gold mineralisation,” David Adamson, the company’s executive chairman, says in an interview. The property consists of two non-contiguous blocks covering an area of approximately 866 square kilometres. Solstice Gold owns 100% of 70 claims over an area of 775 sq. km., and 50% of an additional 19 claims over 90 sq. km shared with Dunedin Ventures, which changed its name to Kodiak Copper (TSXV: KDK) in March. (Dunedin Ventures spun off Solstice Gold in late 2017.) “For many years, the property was under the control of diamond exploration companies and ended up in the hands of Dunedin, who started to see some unusual signs of pristine gold grains in their diamond samples,” Adamson explains. “I was then contacted by the vice president of exploration at Dunedin, who introduced me to the property.” Because Adamson had previous experience of gold belts in Canada and the property was on the doorstep of Agnico’s Meliadine gold mine, he decided to see if there was a possible gold story there. Only 15 km east of the Kahuna gold project on the western shore of the Hudson Bay, Meliadine began commercial production in mid-2019. The deposit has proven and probable reserves of 16.7 million tonnes grading 6.97 grams gold per tonne for 3.8 million contained oz. gold, and a mine life of 14 years. After conducting substantial due diligence of the property over a four- to five-month period, Adamson and Martin Tunney, Solstice Gold's president, were asked by Dunedin to operate Solstice in November 2017. “The property has a unique combination of factors that make it very attractive for exploration," says Adamson. "For instance, it’s in the northern part of Canada, it has a large land position, and is next to a major gold deposit. If you look around the southern parts of Canada, like Ontario, it's tough to find targets with a large land position that have high exploration potential and are close to a world-class gold mine.” The property is in the Archean Rankin Inlet Greenstone Belt (also known as the Meliadine Greenstone Belt). It consists of mafic volcanic, sedimentary and gabbroic intrusive rocks that have been poly-deformed, folded and metamorphosed. Cut by numerous northwest and east-west

Solstice president Marty Tunney (left) and geological consultant Ian Russell during the 2019 field program. PHOTO BY DAVID ADAMSON.

“THE PROPERTY HAS A UNIQUE COMBINATION OF FACTORS THAT MAKE IT VERY ATTRACTIVE FOR EXPLORATION.” DAVID ADAMSON EXECUTIVE CHAIRMAN, SOLSTICE GOLD

trending faults that are similar in orientation to the Pyke Fault system, which defines the Meliadine trend, the property is proximal to all known gold deposits at Meliadine. After acquiring the property, Solstice compiled data from historical rock and glacial till sampling at the property, re-analyzed existing airborne magnetic and electromagnetic surveys and completed comprehensive rock sampling (float and outcrop), and detailed till surveys across the entire property, as well as follow-up geological mapping and sampling, a small rotary air blast drilling program and limited diamond drilling in one target area. In 2019, Solstice collected 225 rock samples, seven of which returned more than 1 gram gold per tonne and two samples more than 5 grams

gold, with a maximum grade of 34.1 grams gold per tonne. Although the COVID-19 outbreak has forced the company to suspend its activities, the technical report recommends a Phase I exploration program consisting of additional geological mapping and till sampling as well as a 6,000-metre reverse circulation (RC) drill program to test potential high priority areas. Contingent on the outcome from the first program, the report also recommends a Phase II exploration program. The program includes continued geological mapping and detailed till sampling, induced polarization surveying and preliminary testing of high priority areas with additional RC drilling and diamond drilling to follow up on any significant RC drilling results. “We already have around 15-20 targets that are ready to drill, but our challenge will be to find sufficient cash to start the drilling,” Adamson says. “However, we have identified a potential third-party investor. So, we may be able to go straight into the drilling phase once we can get back to Nunavut.” At press time in Toronto, Solstice Gold was trading at 5.5¢ per share within a 52-week trading range of 2¢ and 26¢. The company has 69.5 million common shares outstanding for a $3.82-million market capitalization. TNM

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PALLDIUM ONE From 9

apply for an exploration permit, which will allow it to drill in the extended zone. In other news, the company recently acquired a 200 sq. km property, 25 km to the southeast of the LK project. The new land package, called Kostonjarvi (KS), covers a large buried gravity and magnetic anomaly that the company believes represents a buried feeder dyke to the Koillismaa Complex, which hosts the platinum group elements, copper and nickel mineralization at LK. Although the KS and LK projects are contiguous, the targets are very different, the company says. The palladium-dominant LK project, 160 km northeast of the port of Oulu, is an open-pit style deposit, featuring disseminated sulphide mineralization along a prospective basal unit contained within the Koillismaa complex and Palladium One believes LK is similar to Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Platreef deposit in South Africa. In contrast, the KS project is an underground, high-grade massive sulphide target situated within the feeder dyke of the Koillismaa complex, and the company believes it has similarities with the NorilskTalnakh nickel deposits of East Siberia and Voisey’s Bay in Labrador, Canada. “The two finds are part of the same geological system but the targets are different,” Neil Pettigrew, Palladium One’s vice president exploration, explained in the interview. "The KS system, which covers the western one-third of the buried feeder dyke anomaly and has been subject of numerous academic studies, has been interpreted to eventually connect to the Koillismaa complex and the copper, nickel, PGE sulphides are contiguous to our existing flagship LK project.” The KS target remains underexplored, particularly where it connects to the Koiliismaa complex, and exploration targets at KS will be the ‘traps’ in the feeder dyke that have potential to contain massive sulphide mineralization, says the company. The addition of KS now brings the company’s total land package in Finland to 322 square kilometres. At the LK project, the company has outlined a pit-constrained resource for its Kaukau deposit of 10.99 million indicated tonnes grading 0.81 gram palladium per tonne, 0.27 gram platinum per tonne, 0.09 gram gold per tonne, (1.17 grams PGE per tonne), 0.15% copper and 0.09% nickel for 635,600 palladium equivalent ounces. Inferred resources add 10.88 million tonnes grading 0.64 gram palladium per tonne, 0.20 gram platinum per tonne, 0.08 gram gold per tonne, (0.92 gram PGE per tonne), 0.135% copper and 0.08% nickel for 525,800 palladium equivalent oz. for a pit-constrained cut-off grade of 0.3 gram palladium equivalent per tonne. The deposit is open for expansion, and the company completed 2,000 metres of a 5,000-metre drill program before having to suspend the work program due to COVID-19. Drilling at the Kaukua deposit will target zones of higher-grade PGE-copper-nickel mineralization within the current resource that was not followed up in previous drill programs. Infill drilling will also seek to upgrade inferred resources to the indicated category. The company also plans to drill its Haukiaho deposit, 12 km to the south of Kaukua. At press time in Toronto, Palladium One was trading at 6¢ per share within a 52-week trading range of 4.5¢ and 22¢. The company has 111.2 million common shares outstanding for a $6.6-million market capitalization.. TNM

GLOBAL MINING NEWS

THE FAR NORTH

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

FAR NORTH SNAPSHOT Eight companies exploring the frontiers As existing deposits and mines are advanced, companies are looking for new frontiers to secure their long-term production and growth. The northern portion of this continent, with favourable geology, relative underexploration and miningfriendly policies is an attractive destination for those willing to venture outside of more established mining camps. Below, we present eight companies with assets in the Far North. BY MAGDA GARDNER mgardner@northernminer.com

 AGNICO EAGLE MINES

Agnico Eagle Mines (TSX, NYSE: AEM) is a gold producer with mines in Quebec’s Abitibi region, Nunavut, Finland and Mexico. Prior to withdrawing its 2020 guidance in March due to COVID-19, the company expected to produce 1.88 million oz. this year, with the northern business unit (Canadian and Finnish operations) generating 1.6 million oz. at all-in sustaining costs (AISCs) of US$975 to US$1,025 per ounce. La Ronde, Agnico’s flagship asset, is an underground operation and has been in production since 1988. The 7,000-tonne-per-day mine has an operating life extending out to 2025, with an expansion at depth completed in 2011. The La Ronde Zone 5 underground mine, 2.5 km to the west, started commercial operations in 2018 with on-site processing of the ore. The Meliadine property covers 1,113 sq. km and is the company’s largest mineral resource with seven gold deposits, six of which are in the mine plan. The asset achieved commercial production last year and features a 14-year life with both open pit and underground extraction. The first phase of operations includes underground mining, transitioning to a combined open pit and underground operation by 2023. In the near term, the asset is expected to churn out approximately 350,000 oz. per year. The company has a 50% stake in the Canadian Malartic open-pit mine in Quebec, Canada’s largest operating gold mine. Yamana Gold (TSX: YRI; NYSE: AUY) owns the other 50%. The two companies acquired the mine in 2014 through a $3.9-billion friendly acquisition of Osisko Mining. The Meadowbank open pit in Nunavut, in operation since 2010, is now winding down production with the Whale pit at the Amaruq satellite deposit, 50 km to the northwest, achieving commercial production last year. Agnico’s other operating assets include the Goldex underground mine in Quebec, the Kittila underground operation in Finland and the Pinos Altos, La India and Creston Mascota mines in Mexico. Agnico Eagle Mines has a $16.5-billion market capitalization.

 GROUP TEN METALS

Group Ten Metals (TSXV: PGE) is an explorer with a portfolio of wholly owned platinum, palladium, nickel, cobalt and gold exploration projects in Montana, Yukon and Ontario. The company’s most advanced asset is the Stillwater West project in the United States. Stillwater West, adjacent to Sibanye-Stillwater’s (NYSE: SBSW) producing J-M Reef deposit, covers 25 km of strike within an area that has geological similarities to South Africa’s Bushveld complex. Soil geochemistry has traced anomalous precious and base metal values over 18 km of strike, with spatial correlation to

Above: Rankin Inlet Inuksuk near Agnico Eagle's Meliadine mine in Nunavut. CREDIT: AGNICO EAGLE.

geophysical conductors, which correspond to historic drill intersections of platinum group metal, nickel and copper mineralization. Group Ten has narrowed down 14 large exploration targets, which are conductive anomalies with coincident anomalous soil geochemistry. Eight of these are bulk tonnage sulphide target areas with six potential higher-grade platinum group reef-type targets, which may host multiple layered deposits. In April, the company reported drill results from the Chrome Mountain and East Boulder targets within Stillwater West – highlights include 388 metres of 1 gram total platinum equivalent (TotPtEq), 243 metres of 1.62 grams TotPtEq and 226 metres of 1.58 grams TotPtEq; all of the intercepts start at surface. Based on these results, the Hybrid unit within the Chrome Mountain target appears to show “Platreef-style” mineralization, and is the third such target within the property. Group Ten is working to define resources at Stillwater West, expand known areas of mineralization and identify new targets. In the Yukon, the company holds the Kluane platinum group element (PGE)-nickel-copper project, which includes the Spy, Ultra and Catalyst properties and lies within the Kluane ultramafic belt, a regional structure extending from B.C. into Alaska, host to PGE-nickel-copper deposits. The Kluane properties are within 15 km of the Alaska Highway and adjoin Nickel Creek Platinum’s (TSX: NCP) Nickel Shaw deposit. Spy, Ultra and Catalyst cover a total of 290 sq. km; Catalyst is the largest and consists of two groups of claims that are on strike with Nickel Shaw. Contines on page 12

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APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

THE FAR NORTH

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FAR NORTH SNAPSHOT Eight companies exploring the frontiers

Contined from page 11

Group Ten Metals is a member of the Metallic Group of Companies, a collaboration of exploration companies with assets at brownfields sites in established mining jurisdictions. Group Ten Metals has a $16.3-million market capitalization.

 NIGHTHAWK GOLD

Top: From left: Former Trilogy Metals president and CEO Rick Van Nieuwenhuyse with Robert Jacko senior director, operations, overlooking the Upper Kubuk copper property in Alaska in 2019. CREDIT: TRILOGY Above: A drill rig at Seabridge Gold’s KSM deposit in B.C.’s Golden Triangle. CREDIT: SEABRIDGE GOLD.

Nighthawk Gold (TSX: NHK) is working to advance the Colomac project, situated within its 899-sq.-km Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife. The majority of the company’s current exploration efforts are focused on the Colomac deposit, a past-producing open pit with current inferred resources of 50.3 million tonnes grading 1.62 grams gold per tonne for a total of 2.6 million oz., contained within five near-surface deposits. The majority of current resources are contained within a 7-km long section of the 9-km Colomac Main sill, situated within a 16-km long underexplored host unit, with additional parallel sills identified. Nighthawk’s recent exploration drilling tested areas of the Main sill that have not been drilled in the past. In March, the company released the results of ten holes targeting two zones — reported intercepts include 36 metres of 1.86 grams gold per tonne as well as 29 metres of 1.26 grams gold. In December, the company first reported an apparent widening of two Colomac zones at depth, which has now been observed within other areas of the deposit and is expected to cover several kilometres of strike. To examine the economic potential of Colomac, Nighthawk announced earlier this year that it retained JDS Energy & Mining to complete an internal scoping study. Nighthawk had planned a 25,000-metre drill program this year, but at the end of March temporarily suspended exploration at Indin Lake due to the COVID-19 pandemic. A resource update for Colomac is expected in the first half of the year; Nighthawk does not expect this timeline to be impacted by the work suspension.

Beyond Colomac, Nighthawk has found a number of targets at Indin Lake: four along the northwestern edge of the property, and three along its southeastern boundary. Four gold deposit settings have been identified at Indin Lake: Colomac Main is hosted by a differentiated mafic sill, while three other targets appear to be structure-related, lode gold deposit types. Three more targets are iron-formation hosted, with one target hosted in a brecciated intrusion. Nighthawk Gold has a $66.1-million market capitalization.

 SEABRIDGE GOLD

Seabridge Gold (TSX: SEA, NYSE: SA) holds the KSM, Iskut and Courageous Lake projects in B.C. and the Northwest Territories. In addition, in March, the company announced that it entered into an agreement with Golden Predator Mining (TSXV: GPY) to acquire the 3 Aces project in the Yukon for $263,000 in cash, 300,000 Seabridge shares and potential future cash payments of $2.25 million. In April, the company closed a $14.1-million private placement. The 3 Aces project features road access and covers 357 square kilometres. The 13.5-sq.-km Central Core area of the project has returned a number of high-grade gold intervals. The KSM deposit, located in B.C.’s Golden Triangle, is the world’s largest undeveloped gold-copper project by reserves, with a total 2.2 billion tonnes grading 0.55 gram gold per tonne, 0.21% copper, 2.6 grams silver per tonne, with additional molybdenum for a total 38.8 million oz. gold, 10.2 billion lb. copper and 183 million oz. silver. In March of last year, Seabridge released updated resources for the Iron Cap deposit at KSM, which is closer to infrastructure than the other deposits at the site. The company sees potential to include Iron Cap early in the mine plan and plans to complete an updated PEA for the project. Preliminary feasibility study results for the project were released in September 2016 and outlined an open-pit and block cave operation extracting ore from the Mitchell, Iron Cap, Sulphurets and Kerr zones. Over a 53-year mine life, the first seven would see average

THE FAR NORTH

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

The Colomac gold project at Nighthawk Gold's Indin Lake. CREDIT: NIGHTHAWK.

annual production of 933,000 oz. gold and 205 million lb. copper, with additional silver and molybdenum. The analysis suggested a $1.5-billion, base-case after-tax net present value (NPV) estimate at a 5% discount rate. Total costs were an estimated US$673 per oz. gold produced with a US$5-billion capital outlay. Seabridge also released the results of a PEA in October 2016, which examined the option of developing inferred resources at the Deep Kerr and Iron Cap Lower zones. The PEA focused on block-cave mining with reduced surface impacts from the open pits. This iteration would see total costs of US$358 per oz. with higher peak throughputs, US$5.5 billion in initial capital and a resulting US$3.4-billion, base-case post-tax NPV at a 5% discount rate. The company also holds the Courageous Lake property in the Northwest Territories, with reserves of 91.1 million tonnes grading 2.2 grams gold for a total of 6.5 million oz. gold. A preliminary feasibility study completed on the project in 2012 outlines an open-pit producing an average 385,000 oz. gold annually at cash operating costs of US$780 per ounce. The associated capital cost stands at US$1.5 billion. Exploration is ongoing at the site. In 2017, Seabridge acquired the Snowstorm gold project in Nevada, located at the intersection of three gold belts and on strike with several gold mines. In 2016, the company acquired SnipGold, adding the Iskut project to its holdings. Iskut, 30 km from KSM, hosts measured and indicated resources of 187 million tonnes grading 0.12% copper, 0.36 gram gold and 2.19 grams silver. Additional inferred resources stand at 5 million tonnes. Exploration is ongoing at this past-producing site. Seabridge Gold has $1.1-billion market capitalization.

 STRATEGIC METALS

Strategic Metals (TSXV: SMD) is a project generator and explorer focused on the Yukon with a portfolio of over 100 projects available for option. The Yukon lies within the heart of the prospective Cordillean gold province, extending from B.C. into Alaska. The company’s 83-sq.-km Mount Hinton project, within the Keno Hill silver district, features both silver and gold mineralization. Last year, the company discovered a train of quartz and breccia veins at the site, extending for 230 metres from a talus fines sample assaying 2,340 grams gold and 597 grams silver towards an outcrop of oxidized breccia, which assayed 33.3 grams gold and 654 grams silver; a parallel train of veins was identified 150 metres to the east. Follow-up mapping and prospecting work identified additional mineralized veins within the same drainage basin, and soil geochemistry has identified gold at the site over an area of 6 km by 4.5 km. In addition to the mineral properties, Strategic Metals has equity holdings in other companies. These include a 36.3% stake in Rockhaven Resources (TSXV: RK), with the 1.6 million oz. gold-silver Klaza deposit in the Yukon. The company also holds a significant stake in Precipitate Gold (TSXV: PRG), which secured a $12.7-million investment by Barrick Gold (TSX: ABX, NYSE: GOLD) earlier this month, and owns two gold-copper projects in the Dominican Republic. (Prior to Barrick’s investment Strategic’s stake in Precipitate was 24.3%.) Additional shareholdings include a 17.7% stake in Silver Range Resources (TSXV: SNG), a project generator focused on the Northwest Territories, Nunavut and Nevada; a 42.3% position in GGL Resources (TSXV: GGL), a diamonds exploration company; and a 6.4% stake in ATAC Resources (TSXV: ATC), which holds the district-scale Rackla project in the Yukon. Strategic Metals also holds 62.6% of Terra CO2, a private company focused on environmentally sustainable cement production. The company’s project portfolio also features the Hopper copper-gold property

within Yukon’s Rancheria silver district and the Meloy project in southern Yukon, with a 7 km by 3 km geochemical anomaly within an established porphyry belt. Strategic Metals has a $38.6-million market capitalization.

 TRILOGY METALS

Trilogy Metals (TSX: TMQ) has a 50% stake in a joint-venture partnership with Australia’s South32 (50%) covering the Upper Kobuk copper-zinc-lead-gold-silver-cobalt properties in northwest Alaska. These are within the state’s Ambler mining district, which hosts a number of copper, zinc, lead, gold, silver and cobalt deposits. Trilogy’s Arctic and Bornite projects are the most advanced holdings within Upper Kobuk. The Arctic deposit, 470 km northwest of Fairbanks, features a polymetallic massive sulphide deposit, which, based on a 2018 prefeasibility study, features a reserve of 43 million tonnes at approximately 5% copper-equivalent. Additional inferred resources consist of 3.5 million tonnes grading 1.71% copper, 2.72% zinc, 0.6% lead, 0.36 gram gold gold per tonne and 28.69 grams silver. The prefeasibility outlined a 10,000 tonne per day, 12-year open-pit operation, producing a payable annual average of 159 million lb. copper, 199 million lb. zinc, 33 million lb. lead, 3.3 million oz. silver, and 30,600 oz. gold at all-in sustaining costs (AISCs) of US63¢ per lb. payable copper. The proposed operation would produce separate copper, zinc and lead concentrates, with gold and silver by-products. With an initial capital cost estimate of US$780 million, the post-tax net present value estimate for the project, at an 8% discount rate, comes in at US$1.4 billion with a 33% internal rate of return. Bornite, 25 km southwest of Arctic, hosts indicated resources of 40.5 million tonnes grading 1.02% copper, containing a total of 900 million lb. copper, with further inferred resources of 142 million tonnes at 1.74% copper, for an additional 5.5 billion pounds of the metal. A total of 124.6 million tonnes within these resources is pit-constrained. In addition to copper, the deposit contains 77 million lb. cobalt. Trilogy also has a local partnership with NANA, an Alaska Native regional corporation, with a framework for exploration and development within the area, with an additional infrastructure partnership with the state and permitting underway for an access road to the Ambler mining district. This year’s US$22.8-million exploration

program plans for 10,000 metres of drilling at Arctic, additional drilling within the Ambler belt as well as mapping and sampling at Bornite. South32 holds an 11.7% stake in the company. Trilogy Metals has a $294-million market capitalization.

 TRIUMPH GOLD

Triumph Gold’s (TSXV: TIG) flagship property is the 200-sq.-km Freegold Mountain copper-gold project in Yukon. The road accessible site features three deposits with additional porphyry and epithermal zones and showings. Freegold Mountain, within the Dawson Range gold belt, includes portions of the Big Creek Fault System, which provides pathways for epithermal mineralization and transports porphyry intrusions upwards. In February, the company released updated resources for the Nucleus, Revenue and Tinta deposits. Total indicated resources for Nucleus and Revenue stand at 42.4 million tonnes grading 0.73 gram gold-equivalent for a total of 1 million gold-equivalent ounces. Additional inferred resources across Nucleus, Revenue and Tinta total 39 million tonnes at 0.86 gram gold-equivalent for 1.1 million gold-equivalent ounces. Nucleus and Revenue are the two most advanced deposits within Freegold Mountain. They are within a 6-km long gold and copper soil geochemical anomaly, where drilling over the past three years intersected porphyry and epithermal-related mineralization. Triumph has identified additional targets within the anomaly. Last year’s drilling at the Blue Sky porphyry target within the 6-km soil anomaly intersected 304 metres grading 0.64 gram gold, 5.9 grams silver and 0.23% copper. In addition, the WAu Breccia porphyry target within the soil anomaly returned 602 metres of 0.67 gram gold, 5.2 grams silver and 0.19% copper. The mineralization has been traced over 130 metres of strike and remains open. Additional discoveries within the soil anomaly include the Drone, Guder and Granger zones. Within the greater 200-sq.km property, prospects include the 2-km long Irene-Goldstar epithermal gold-silver corridor. This year, Triumph plans to use 3D geophysical modelling to target high-grade zones and to vector into the core of the porphyry system. Newmont (TSX: NGT, NYSE: NEM) holds an 18% stake in the company.

Triumph Gold has a $17.7-million market capitalization.

 WHITE GOLD

White Gold (TSX: WGO) holds over 4,220 sq. km of ground within 33 properties in Yukon’s White Gold district, host to gold deposits, new discoveries and early-stage projects. The company uses a proprietary in-house exploration strategy across its extensive land package. Existing resources include the Golden Saddle and Arc deposits within the White Gold property, 95 km south of Dawson City, with total indicated resources of 14.3 million tonnes grading 2.26 grams gold per tonne for a total of 1.04 million oz. gold and inferred resources of 10.7 million tonnes at 1.48 grams gold totalling 508,700 ounces. The Comstock property, acquired last year from Comstock Metals (TSXV: CSL) for a total of $2.6 million, is contiguous with the White Gold property and hosts the VG zone deposit, with inferred resources of 4.4 million tonnes at 1.65 grams gold totalling 230,000 oz. gold. Both of these deposits remain open with additional prospective targets on the two properties. Earlier-stage projects include the Titan area, discovered last year within the Hen property, where reverse air blast drilling intersected 6 metres of 72.81 grams gold and soil samples assayed up to 113 grams gold – the highest value ever recorded in the company’s database. Titan is within a 650 metre by 650 metre magnetic anomaly and sits within 15 km of the Vertigo discovery with road access. The Vertigo discovery, within the JP Ross property, is road accessible from Dawson City. Reverse air blast drilling in 2018 intersected 31 metres of 22.47 grams gold and 11 metres of 17.34 grams gold. Mineralized structures have been traced over a 12-km trend. Additional areas with gold discoveries include the GS West and Ryan’s surprise discoveries within the White Gold property, with additional high-grade gold zones identified throughout the holding. Shawn Ryan, the company’s chief technical advisor, has over 20 years of experience with prospecting in the Yukon, and his work led to the discovery of the White Gold, Coffee (acquired by Goldcorp in 2016 through a $520-million acquisition of Kaminak Gold) and QV projects. White Gold has a $74.7-million market capitalization. TNM

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APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

Cameco winds down conversion facility in Ontario URANIUM

| Miner closes another asset due to COVID-19 “THE UF6 PLANT IS DESIGNED FOR CONTINUOUS OPERATION, AND WE NEED TO PREVENT UNPLANNED INTERRUPTIONS ARISING FROM PERSONNEL SHORTAGES.”

BY CECILIA JAMASMIE

Special to The Northern Miner

anada’s Cameco (TSX: CCO; NYSE: CCJ), the world’s largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility in Ontario in a temporary safe shutdown state for four weeks. The move comes as the company faces the increasing challenge of maintaining an adequate workforce as a result of screening protocols and other measures put in place to combat the COVID-19 pandemic. Since the majority of the UO3 produced at the Blind River refinery is used to produce UF6 at the conversion facility, the refinery’s production would also be temporarily suspended and, where possible, summer maintenance work brought forward. “The UF6 plant is designed for continuous operation, and we need to prevent unplanned interruptions arising from personnel shortages,” president and chief executive Tim Gitzel said on April 8. While production at the refinery is temporarily suspended, the operation will remain open to receive uranium concentrate deliveries, Cameco said. The news comes a day after uranium giant Kazatomprom said it expected to produce 4,000 tonnes, or 17.5% less, this year as measures designed to curb the spread of the novel coronavirus has hit operations. The Kazakhstan-based producer’s guidance for 2020 was 22,750 to 22,800 tonnes, on a 100% basis. The producer said it would provide updated production revenue, capital

TIM GITZEL CEO, CAMECO

Workers inside Cameco’s uranium conversion plant in Port Hope, Ontario. CREDIT: CAMECO.

expenditure and costs targets on May 4. Last year, Kazakhstan accounted for more than 42% of the world’s uranium output. Cameco had said on April 7 the Kazatomprom cuts would also weigh on its 40%-ownership in the Inkai Joint Venture, an in-situ recovery

uranium mine in Kazakhstan. The mine is expected to produce about 12% fewer pounds this year, translating to 600,000 lb. less uranium oxide for the miner’s account. In early April, the uranium major announced the closure for a month of Cigar Lake, which produces about

13% of global uranium mine supply. This was followed by a 21-day lockdown of mines in another important uranium supplier, Namibia. Before the announced output cuts, Cameco expected to buy 4.9 million lb. uranium on the spot market this year.

Uranium prices have been on the rise recently as investors worried about ongoing disruption to supply, which is divided between a handful of major companies. Year to date, however, prices have dropped more than 15%. Prior to Kazatomprom’s announcement, BMO Capital Markets was forecasting a deficit in uranium supply-demand balance of 30 million pounds. The experts now figure that could climb up to 40 million pounds. “The additional 10 million removed from the market will only accelerate the depletion of above ground inventories and potentially result in more utilities reclassifying excess inventories as strategic,” BMO analyst Alexander Pearce, said in a note on April 7. TNM — This article first appeared in our sister publication, MINING.com.

Global Atomic completes phase 1 study at Dasa URANIUM

| Company envisions larger underground mine in Niger

BY CECILIA JAMASMIE

MINING.COM

lobal Atomic (TSX: GLO; US-OTC: GLATF) has completed a preliminary economic assessment (PEA) for the first phase of a larger underground mine at its Dasa uranium deposit in the Republic of Niger. During the first phase, the operation would operate for 12 years and mineralization would be extracted from the high-grade Flank zone. “Our development plan is a low capex route into production that uses conventional underground mining and a processing technology similar to that used by the two existing uranium mines in Niger,” Stephen Roman, the company’s president and CEO, said in a news release. “This mine plan also provides future access to the contained uranium inventory of over 200 million lb. in the mine’s deeper horizons. The optimized phase 1 mine plan initially targets high-grade mineralization that starts from a depth of 70 metres below surface that, together with a mining-friendly jurisdiction, positions the company as being the next entrant to the worldwide uranium supply chain.” The early-stage study of the first phase envisions average annual production of 4.4 million lb. U3O8 at all-in sustaining costs (AISCs) of US$18.39 per pound. At a uranium price of US$35 per lb., the study puts the after-tax net present value for the project at US$211 million, at an 8% discount rate, and the post-tax internal rate of return at 26.6%. The capital cost estimate for the first

Workers pose with drill core at Global Atomic’s DASA project in Niger. PHOTOS: GLOBAL ATOMIC.

phase is US$203 million. The study envisions conventional uranium processing techniques operating at a rate of 1,000 tonnes per day. The PEA presents a mine plan extracting material from depths of 70 metres to 600 metres. There are additional inferred resources outside of the plan at depths of 400 metres to 800 metres. The deposit remains open at depth and on strike. The next step for the company is a final technical report (FTR), incorporating impact assessment studies underway. The FTR document is part of the country’s mining permit application process. TNM — This article first appeared in our sister publication, MINING.com.

A Global Atomic executive at the Dasa uranium property in Niger.

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

Hudbay boosts gold reserves, production forecast in Manitoba GOLD |

Snow Lake strategy seeks to convert Lalor into a gold-focused mine

BY STEVE STAKIW Vancouver Correspondent

n its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in gold at its Lalor mine within the Snow Lake Mining complex in northern Manitoba. Last year, the company announced initial results from its Snow Lake gold strategy, which sees its Lalor copper-zinc-gold mine transition to a predominantly gold operation with precious metals constituting a majority of life-of-mine revenues. Several years of work, including drilling, test mining and trade-off studies on processing solutions for the gold ore, fed into the Phase One strategy that resulted in a 65% increase in Lalor’s gold reserves in 2019, the company says. The operations plan also includes processing of the higher-grade gold ore at the company’s New Britannia mill that is marked for a refurbishment program. Hudbay’s decision to shift processing of Lalor’s gold-zone ore from its current Stall mill to its New Britannia mill is driven by the substantial modelled increase in gold recoveries from approximately 53% at Stall to a 93% recovery forecast at New Britannia. The Phase One plan at Lalor envisions annual gold output more than doubling from 2018 levels to 140,000 oz. over the first five years after its New Britannia mill is overhauled in 2022. The Lalor mine currently operates at 4,500 tonnes per day, with ore processed at the 3,500 tonne-per-day Stall mill and the remaining 1,000 tonnes per day processed at the company’s 777 mine and mill complex. Its 777 mill operates at 4,000 tonnes per day, below its 6,000 tonne-per-day capacity, as the mine is winding down towards scheduled closure in mid-2022. Phase Two of the Snow Lake gold strategy was recently tabled, following extensive infill and exploration drill programs at Lalor as well advancing engineering studies on the company’s other regional deposits in the Snow Lake region. The program delivered a major boost in gold reserves and resources with an overall 35% increase in total Snow Lake gold reserves to 2.2 million contained ounces. “We are extremely pleased with our ex-

ploration success over the past 12 months in ing rate of between 1,200 to 1,500 tonnes per Manitoba, where we’ve doubled the mine life day at average grades of 2.2 grams gold and in Snow Lake and more than doubled Lalor’s 1.3% copper as the Lalor feed is replaced by annual gold production from current levels,” WIM and 3 Zone ore. Peter Kukielski, Hudbay’s president and CEO, The WIM copper-gold deposit was acquired stated in a March 30 news release. by Hudbay in 2018 for $500,000 and hosts probThe headframe at Hudbay Minerals’ Lalor able reserves of 2.45 million tonnes grading zinc-gold-copper mine, near Snow Lake, 1.63% copper and 1.6 grams gold plus some Manitoba. Credit: Hudbay Minerals. minor zinc and silver values. The deposit, Updated proven and probable reserves at located 15 km by road from the New Britannia Lalor came in at 15 million tonnes grading mill, starts from surface and Hudbay expects 0.74% copper, 3.8% zinc, 4.2 grams gold per to develop it through an underground ramp. tonne and 28 grams silver per tonne. AddiThe 3 Zone deposit, which hosts 662,000 tional inferred resources of 4.4 million tonnes tonnes of probable reserves grading 4.2 grams averaging 1.2% copper, 1.0% zinc, 4.4 grams gold, was acquired as part of Hudbay’s 2015 gold and 26 grams silver were also tabled New Britannia mine and mill acquisition for the deposit. Hudbay from QMX Gold (TSXV: says Lalor’s latest reserve QMX) for US$12.3 milestimate adds more than lion. It is a ramp-access “WE’VE DOUBLED a year of mine life, and deposit located within it now sees 18 years of the existing mining inTHE MINE LIFE operational life for its frastructure at the past IN SNOW LAKE overall Snow Lake operaproducing New Britantion, inclusive of nearby nia operation. AND MORE THAN satellite deposits. The company has budDOUBLED LALOR’S Lalor’s life-of-mine geted $153 million for its gold production now New Britannia mill upANNUAL GOLD sees an increase of 41% program, and says PRODUCTION FROM grade versus the previous mine it anticipates a two-year CURRENT LEVELS.” plan, and annual gold payback on the investproduction is anticipatment. Construction is ed to more than double expected to run from PETER KUKIELSKI from current levels to mid-2020 through midPRESIDENT AND CEO, HUDBAY MINERALS average over 150,000 2021 followed by comoz. over the first eight missioning and ramp-up years following the New programs in late 2021. Britannia mill upgrade. All key environmental Hudbay also forecasts low operating costs permits for the project are in hand. of about US$655 per oz. gold at Lalor on a Hudbay also highlighted a Phase Three sustaining cash cost per oz. gold produced program in its Snow Lake gold strategy that basis and net of by-product credits. will look at further extending the life of its The company’s revised 18-year mine plan Snow Lake complex. The company says it will for its Snow Lake operations sees ongoing examine the potential of its Lalor inferred operations at Lalor processing 4,500 tonnes per resource to extend that mine’s life beyond day, for the initial 10 years then transitioning the current estimate of ten years. to mining of the gold-rich WIM and 3 Zone The newly discovered Lens 17, a copperdeposits over the final eight years of the plan. gold rich lens included in the Lalor inferred Under the revised mine plan, the New Bri- resource, contains 0.8 million tonnes at 3.0% tannia gold mill will operate at its maximum copper, 3.7 grams gold and 18 grams silver capacity of 1,500 tonnes per day from 2022 and remains open down plunge. Additionto 2030 by processing Lalor’s current gold- ally, there are mineral resources at Hudbay’s zone reserves at average grades of 6.4 grams other satellite gold deposits in the Snow Lake gold and 1% copper. From 2030 to 2037, New region, such as the Birch and New BritanBritannia is expected to operate at a process- nia deposits, that could potentially feed the

New Britannia mill and further extend the operational life. New Britannia and Birch are mineralized zones at the past-producing New Britannia gold mine that the company says would be accessible with some investment in the existing mining infrastructure. Among Hudbay’s analyst research coverage, consensus was positive on the boost in gold reserves and increasing forecast mine output in Manitoba. In his research note, Haywood Securities analyst Pierre Vaillancourt noted that the increase in gold production over the next few years “will improve Hudbay’s overall production profile, while reducing vulnerability to base metals.” Vaillancourt has a hold rating on the stock and a $3.00 target price. BMO Capital Markets mining analyst Jackie Przybylowski maintains a market perform rating on the company and has a $4.00 target price, describing Hudbay’s longer-term guidance as positive. CIBC mining analyst Oscar Cabrera was more bearish on the company, recently downgrading his rating from outperformer to neutral and his target price from $6.50 to $3.00 per share citing the negative effect of the COVID-19 pandemic on commodity prices, specifically on copper, which is Hudbay’s main product. Hudbay has taken some lumps in the market recently due to the global COVID-19 pandemic and lower base metal prices. On March 20, the company announced it was commencing a temporary shutdown of its flagship Constancia copper mine in Peru, due to the country’s declaration of a state of emergency in mid-March. Following the mine closure announcement, Scotia Capital mining analyst Orest Wowkodaw downgraded his rating on the company to sector perform from sector outperform, and dropped his target price to $3.50 per share, from $5.00 per share. “Overall, we view this update as negative for the shares, particularly if the suspension is extended beyond the initial two-week quarantine period in the country,” Wowkodaw stated in his research note. At press time, the company closed at $2.95 per share on the TSX, giving it a market capitalization of $771 million based on 261 million common shares issued and outstanding. The stock has a 52-week trading range of $1.66 and $10.42. TNM

Troilus grows Southwest zone in Quebec GOLD

| Company closes $12.8-million equity financing

BY MAGDA GARDNER

Canadian Mining Journal

roilus Gold (TSX: TLG; US-OTC: CHXMF) has released results from three drill holes completed at the Southwest zone within its 160-sq.-km Troilus gold project, northeast of Chibougamau, Quebec. The results appear to confirm a mineralized trend of over 1 kilometre. The drill highlights include 33 metres of 1.65 grams gold-equivalent per tonne, 13 metres of 1 gram gold-equivalent per tonne, and 9 metres of 1.34 grams gold-equivalent per tonne. The first intercept is from a vertical depth of less than 75 metres. The company first announced the discovery of this zone in January. The Southwest zone is 3.5 km from Z87, the main deposit at the site. A total of seven drill holes were completed within this area at the end of last year and additional assays are pending. In February, Troilus completed a further 17 holes to test a larger area and confirm continuity of the mineralization. Thus far, the Southwest zone appears to consist of two mineralized zones, and extend

for 1 km of strike, with widths ranging from 10 metres to 70 metres. It remains open on strike and at depth. “We are very encouraged by these new results, which continue to expand the scale of the Troilus mineralizing system,” Justin Reid, the company’s CEO, said in a news release. “Our technical team is now analyzing the Southwest zone drill results with the intention of incorporating the findings into the overall resource estimate in the coming months.” With field operations temporarily suspended due to the threat of COVID-19, remote work is ongoing to analyze the results from the Southwest zone and eventually incorporate these into the project’s mineral inventory. Further data compilation is also underway ahead of a preliminary economic assessment (PEA). In the past, the Z87 pit at the site produced almost 2 million oz. gold. Indicated resources at the project are at 159.1 million tonnes grading 0.92 gram gold-equivalent for a total of 4.71 million gold-equivalent oz., with additional inferred resources of 52.7 million tonnes at 1.04 grams gold-equivalent for a further 1.76 million ounces. The resources include both an open pit and an underground component.

A geology team looks over the historic Z87 pit at Troilus Gold’s namesake project in Quebec. CREDIT: TROILUS GOLD.

“The latest results from the 6,000-metre winter drill program suggest the Southwest zone has similar characteristics to the main mineralized system, with potential to add significant ounces to the company’s existing resources,” Pierre Vaillancourt, a mining analyst at Haywood Securities, commented in a research note. “Troilus closed on a $12.8 million equity financing at the end of February, so is well positioned for the COVID-19 closure and when fieldwork resumes. In the meantime, the company will report on more drill results

in the next few weeks. Troilus is considering completing a PEA on a larger resource by mid-year, or a PFS in 3Q20.” Vaillancourt has a price target on the stock of $2.00 per share. At press time in Toronto, Troilus was trading at 81¢ within a 52-week trading range of 42¢ and 90¢. The junior has 89 million common shares outstanding for a $72-million market capitalization. TNM — This article first appeared in our sister publication, Canadian Mining Journal.

WWW.NORTHERNMINER.COM

APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

Rio Tinto R maintains dividend, discloses taxes COVID-19 | Company to review

dividend in July

BY TRISH SAYWELL, tsaywell@northernminer.com

io Tinto (NYSE: RIO; LSE: R IO) C h a i r m a n Si mon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and that the payment will be made on April 16, Reuters reported in early April. “We took this decision because Rio Tinto has a strong balance sheet, our operations are running safely and our order book for iron ore is full,” Reuters quoted Thompson as saying. The company will review its 2020 interim dividend in July, it said, due to the impact of the coronavirus pandemic.

In other news, Rio Tinto announced it paid $7.6 billion in taxes and royalties globally last year, including $4.8 billion of corporate tax. The miner said most of the taxes were paid in Australia ($6.2 billion), which is home to the largest portion of its business. Other taxes went to Chile ($311 million), Mongolia ($305 million), Canada ($2.91 million), the United States ($178 million), the United Kingdom ($117 million) and South Africa ($80 million). Rio Tinto said in a press release that it was the first company – a decade ago – to voluntarily disclose its payments to governments in detail and noted that over that period it has paid more than $70 billion in taxes and royalties to countries around the world, including $52 billion paid in Australia. TNM

“RIO TINTO HAS A STRONG BALANCE SHEET, OUR OPERATIONS ARE RUNNING SAFELY AND OUR ORDER BOOK FOR IRON ORE IS FULL.”

A truck at Rio Tinto’s Weipa operation, which includes the new Amrun bauxite mine in north Queensland, Australia.

SIMON THOMPSON CHAIRMAN, RIO TINTO

CREDIT: RIO TINTO.

Glencore defers decision on dividend COVID-19

| Commodities trader takes ‘wait and see’ approach

BY TRISH SAYWELL tsaywell@northernminer.com

lencore (LON: GLEN) is postponing a decision on whether to proceed with a cash dividend of 20¢ per share totalling US$2.6 billion in 2020 due to the COVID-19 pandemic. “When the board is in a better position to consider COVID-19’s updated impacts, the economic outlook, and the company’s prospects, expected alongside release of the group’s interim results in Q3 2020, it will then decide what level of distribution would be appropriate to make this year,” the company said in a news release. The company explained that the move was “prudent” as management tries to maintain strong investment-grade credit ratings, and attempts to fulfil its target of lowering debt from US$17.6 billion at the end of 2019 to a range of US$14 billion to US$15 billion. On a positive note, the Swiss commodi-

ties trader and mining company says it has refinanced and extended its revolving credit facilities on the same commercial terms as its 2019 facilities. It has refinanced US$10.75 billion of its 12-month short-term facilities and has extended its longer-term US$4.65 billion revolving credit facility to 2025. “The ability to refinance these facilities in the current environment underlines the confidence that lenders have in Glencore’s outlook even during challenging times,” Edward Sterck, a mining analyst based in London for BMO Capital Markets, stated in a research note. In mid-February, Glencore reported a net loss attributable to shareholders in 2019 of US$0.4 billion, after US$2.8 billion of impairment charges related to its African copper business. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 26% for the year to US$11.6 billion, while cash generated by operating activities before working capital changes dropped 22% to US$10.3 billion. The company plans to provide updated production guidance for 2020 on April 30. TNM

Workers in the flotation cell facility at Katanga Mining’s Katanga copper-cobalt project (majorityowned by Glencore) in the Democratic Republic of the Congo, before processing was suspended in 2015. CREDIT: KATANGA MINING.

Hochschild Mining withdraws dividend COVID-19

| Inmaculada and Pallancata mines suspended

Hochschild Mining’s Selene plant in southern Peru, which processes ore from its nearby Pallancata silver-gold mine. CREDIT: HOCHSCHILD MINING. BY TRISH SAYWELL,

tsaywell@northernminer.com

ochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic. The Peru-focused gold mining company’s announcement follows Glencore’s (LSE: GLEN) decision on March 31 to defer its decision on whether to proceed with the proposed cash distribution of US20¢ per share (about US$2.6 billion) in 2020, and Freeport McMoRan’s (NYSE: FCX) announcement on March 23 to suspend its first-quarter cash dividend of US5¢ per share planned for May 1. Hochschild is withdrawing its proposal to pay a final dividend for the 2019 financial year. The company’s Inmaculada and Pallancata underground mines in southern Peru are suspended until April 26, due to the government’s measures to

contain the deadly coronavirus. “The board believes this is a prudent course of action reflecting the company’s focus on the conservation of cash resources,” Hochschild said in a news release on April 14. In a press release in February reporting preliminary results for 2019, the company outlined a proposed full-year dividend of US$22.2 million, up from 2018’s US$20 million total dividend. At the end of 2019, the company had cash and equivalents of US$166 million and net debt of US$33 million. The company’s operations in Peru are epithermal vein mines, and the mineralized material is processed into silver-gold concentrate or dore. Hochschild also operates a third underground mine in Argentina – San Jose. Last year, the company produced a total of 477,400 gold-equivalent oz. (38.7 million silver-equivalent oz.), exceeding its guidance of 457,000 gold-equivalent oz. (37 million silver-equivalent ounces). TNM

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APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / APRIL 27, 2020, The S&P/TSX Composite Index rose 1.37%, or 193.30 points, to finish the April 13-17 trading week at 14,359.90. The S&P/TSX Global Mining Index rose 3.92% to 77.47, while the S&P/TSX Global Base Metals Index increased 0.34% to 73.34. Spot gold finished at US$1,686.50 per oz., a gain of 0.05%, and the S&P/TSX Global Gold Index climbed 6.11% to 306.28. Shares of Agnico Eagle Mines were up $7.04 to $75.55. The gold producer said on April 14 that it was taking steps to resume its operations in the Abitibi region of Quebec – the LaRonde Complex, Goldex mine and Canadian Malartic – “in an orderly fashion while ensuring the safety of employees.” Agnico’s decision followed an announcement by the Government of Quebec on April 13 that it has added mining operations to the list of priority activities and services that are permitted to operate while the province responds to the COVID-19 pandemic. Barrick Gold's shares gained $2.92 to $34.40. The company reported preliminary first-quarter production of 1.25 million oz. gold and 115 million lb. copper and preliminary sales of 1.22 million oz. gold and 110 million lb. copper. Complete results will be released on May 6. President and CEO Mark Bristow said the results positioned the company well to achieve its guidance for the year, despite the impact of the COVID-19 pandemic. The company also announced investments and earn-in agreements with two juniors – Precipitate

Gold and Golden Minerals. Precipitate is advancing its Pueblo Grande project in the Dominican Republic, and Golden Minerals is developing its El Quevar project in Argentina. Wheaton Precious Metals climbed $3.45 to $48.16. The precious metals streaming company announced on April 16 that it had established an at-the-market equity program that allows it to issue up to US$300 million (or the equivalent in Canadian dollars) common shares from its treasury to the public. The company said it intends to use any net proceeds from the program for funding precious metals purchase agreements and for corporate purposes, including to repay debt. Amerigo Resources jumped 53.8% to 30¢ per share. The company announced first-quarter production results of 12.1 million lb. copper at a cash cost of US$1.87 per lb., and 0.2 million TSX MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

B2Gold Corp Yamana Gold Kinross Gold Suncor Energy Barrick Gold New Gold OceanaGold Teranga Gold First Quantum IAMGOLD

BTO 44206 6.95 5.48 6.13 + 0.37 YRI 42536 6.36 4.98 5.98 + 0.74 K 40651 9.20 7.57 8.50 + 0.64 SU 30941 23.68 20.15 21.37 - 1.38 ABX 28785 35.41 31.10 34.40 + 2.92 NGD 20438 1.18 0.80 0.99 + 0.15 OGC 19664 2.07 1.62 1.79 + 0.07 TGZ 17756 10.50 8.49 9.65 + 0.73 FM 15694 7.83 6.83 7.14 - 0.18 IMG 15024 4.69 3.74 4.36 + 0.46

lb. molybdenum. It also reported that it had not experienced production interruptions or disruptions to its supply chain due to COVID-19. Amerigo produces copper concentrate at its MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine. B2Gold was the most heavily traded stock of the week and its shares rose 37¢ to $6.13. The company reported that an employee at its

Fekola exploration camp, 5 km from its Fekola mine in southwestern Mali, had tested positive for COVID-19. Because the infected employee worked at the exploration camp and not at the mine, the mine continued to operate at full capacity. The company isolated the entire exploration group within the exploration camp and completed contact tracing. The employee was in stable condition with moderate symptoms. TNM

TSX GREATEST PERCENTAGE CHANGE

EurOmax Res TMAC Resources Amerigo Res Forsys Metals Candente Coppr Mandalay Res Josemaria Res Monarch Gold UEX Corp Belo Sun Mng St Augustine Ascendant Res Goldgroup Mng Titan Mining Aura Minerals Yorbeau Res Silvercorp Met Northcliff Res Fortune Mnrls Golden Star

EOX TMR ARG FSY DNT MND JOSE MQR UEX BSX SAU ASND GGA TI ORA YRB SVM NCF FT GSC

210 3778 1448 217 381 378 76 2413 5969 2363 201 319 393 32 2 700 5466 213 3912 398

0.05 0.02 0.04 1.37 0.69 1.08 0.33 0.21 0.30 0.21 0.14 0.21 0.04 0.03 0.04 1.20 0.76 1.07 0.76 0.52 0.69 0.23 0.15 0.20 0.18 0.13 0.17 0.61 0.43 0.59 0.02 0.00 0.02 0.16 0.12 0.12 0.03 0.02 0.03 0.19 0.17 0.17 62.00 54.00 54.01 0.04 0.04 0.04 6.33 4.68 4.72 0.05 0.05 0.05 0.06 0.05 0.05 4.13 3.05 3.15

+ + + + + + + + + + - - - - - - - - - -

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Franco-Nevada Agnico Eagle Wheaton Prec M Barrick Gold Newmont Corp Caledonia Mng NovaGold Res Pan Am Silver Seabridge Gld Torex Gold Aura Minerals Kirkland Lake Suncor Energy Nutrien Equinox Gold Silvercorp Met Maverix Metals Golden Star First Quantum Trilogy Mtls

75.0 66.2 53.8 46.4 40.0 39.0 38.0 37.9 36.0 35.6 25.0 20.0 16.7 15.4 12.9 12.5 12.1 9.1 9.1 8.4

VOLUME WEEK (000s) CLOSE CHANGE

FNV AEM WPM ABX NGT CAL NG PAAS SEA TXG ORA KL SU NTR EQX SVM MMX GSC FM TMQ

3571 4325 8510 28785 1078 40 5310 4217 1043 3177 2 10830 30941 11179 12685 5466 267 398 15694 68

173.85 75.55 48.16 34.40 82.36 16.63 15.84 26.95 16.65 15.13 54.01 48.45 21.37 50.25 10.26 4.72 5.55 3.15 7.14 2.09

+ 14.70 + 7.04 + 3.45 + 2.92 + 2.61 + 2.32 + 1.87 + 1.51 + 1.50 + 1.42 - 7.99 - 1.66 - 1.38 - 1.21 - 0.68 - 0.65 - 0.45 - 0.29 - 0.18 - 0.17

TSX VENTURE EXCHANGE / APRIL 13-17 The S&P/TSX Venture Composite Index rose 1.76% to finish the trading week at 444.87. Spot gold finished at US$1,686.50 per oz., a gain of 0.05%, and the S&P/TSX Global Gold Index climbed 6.11% to 306.28. Shares of Abitibi Royalties rose by $1.71 to $18.21 per share after Quebec added mining operations to the list of essential services permitted to operate during the COVID-19 pandemic. The company’s flagship royalty is a 3% net smelter return royalty on the eastern portion of the Canadian Malartic mine in Quebec, jointly owned by Agnico Eagle Mines and Yamana Gold. Mining resumed at Canadian Malartic on April 15. The mine was placed on care and maintenance on March 24. The resumption of mining will occur over a period of several weeks; exploration is expected to remain suspended until May 4. Abitibi Royalties holds a number of other royalties on projects in Quebec, including a 1.5% NSR on the Midway project. Adventus Mining’s shares fell 6 cents to 58¢ after the Irish government formally approved an earn-in agreement and funding arrangement with South32 Base Metals, a subsidiary of South32, on the junior’s 100% owned Rathkeale, Kingscourt and Fermoy projects in Ireland’s Limerick Basin. The projects cover a 1,155 sq. km area that is

prospective for zinc-lead-silver mineralization. The earn-in agreements grant South32 the right to acquire a 70% stake in the projects by funding exploration on the projects over a four-year period. Historic drilling at Rathkeale has intersected alteration as well as mineralization, including 6 metres grading 3.6% zinc and 6 metres of 5.7% lead, 2.8% zinc, and 0.7% copper. The block lies immediately west of Glencore’s Tobermalug deposit. Shares of Falcon Gold rose by 2¢ to 6¢ per share. The junior announced the acquisition of the Spitfire and Sunny Boy claims in south-central B.C., 16 km east of Merritt. The claims total 5 sq. km, and can be accessed by a paved highway and ranch and logging roads. To earn its 100% interest, the company has TSX-V MOST ACTIVE ISSUES

Azincourt Ener Fosterville Bayhorse Silvr Gold Finder Ex Goldsource Min RosCan Gold Tembo Gold Falcon Gold Palladium One GoviEx Uranium

AAZ FSX BHS VENZ GXS ROS TEM FG PDM GXU

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

12819 11856 10411 8927 8882 8699 8649 8090 7445 7360

0.06 1.37 0.06 0.08 0.16 0.25 0.04 0.06 0.11 0.19

0.03 0.91 0.05 0.05 0.11 0.20 0.01 0.04 0.06 0.13

0.05 1.20 0.06 0.07 0.14 0.25 0.04 0.06 0.09 0.18

+ + + + + + + + + +

0.01 0.12 0.01 0.01 0.02 0.08 0.03 0.02 0.03 0.04

agreed to issue 2.5 million common shares and 2.5 million warrants at a conversion price of 10¢ with a two-year term and a onetime cash payment of $25,000 in six months. The vendor retains a 2% net smelter return royalty. Most of the early exploration on the claims focused on quartz veins hosting gold, copper and silver, Falcon says. Highgrade values from underground workings

on the claims reported by the Quilchena Mining company, include 124 grams gold per tonne and 309 grams silver per tonne, Falcon says. The junior’s flagship property is the Central Canada gold project, 20 km southeast of Agnico Eagle’s Hammond Reef gold deposit. Falcon also has a 49% stake in the Burton gold property in Sudbury with Iamgold. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Galantas Gold Tembo Gold Surge Copper Universal Cop Central Tim Ex CWN M'g Acq Altair Res Inc Wescan Gldflds Cameo Cobalt Surge Explor New Stratus Paleo Resource Highbank Res Pac Imperial Magnum Goldco Braveheart Res BE Res Lucky Min TVI Pacific Arcus Dev Grp

GAL TEM SURG UNV CTEC GCCC AVX WGF CRU SUR NSE PRE HBK PPM MGI BHT BER.H LKY TVI ADG

351 8649 535 321 141 100 1073 274 5271 3801 96 928 150 273 34 1410 39 1594 1012 80

8.50 0.04 0.11 0.12 0.25 0.15 0.01 0.06 0.01 0.01 0.13 0.01 0.01 0.01 0.04 0.08 0.18 0.02 0.02 0.02

0.00 0.01 0.04 0.04 0.11 0.00 0.01 0.00 0.01 0.01 0.06 0.01 0.01 0.01 0.00 0.05 0.12 0.00 0.01 0.01

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

8.00 + 2566.7 0.04 + 250.0 0.11 + 144.4 0.09 + 125.0 0.25 + 122.7 0.15 + 114.3 0.01 + 100.0 0.06 + 100.0 0.01 + 100.0 0.01 + 100.0 0.06 - 53.8 0.01 - 50.0 0.01 - 50.0 0.01 - 50.0 0.03 - 40.0 0.05 - 37.5 0.12 - 33.3 0.01 - 33.3 0.01 - 33.3 0.01 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

Galantas Gold Abitibi Royal Great Bear Res Chesapeake Gld Cornerstone Ca Novo Res Caldas Gold Filo Mg Corp Vanstar Mng Rs EMX Royalty New Pac Metals Metalore Res Alpha Lithium Metron Capital New Stratus Golden Secret BE Res Ridgestone M'g Adventus Niocan Inc

GAL RZZ GBR CKG CGP NVO CGC FIL VSR EMX NUAG MET ALLI INEO NSE TBRD BER.H RMI ADZN NIO

351 8.00 19 18.21 810 7.83 106 2.92 69 2.10 1421 2.34 27 1.97 60 1.29 1752 0.99 80 2.39 2297 4.46 9 1.50 862 0.41 73 0.17 96 0.06 78 1.03 39 0.12 545 0.22 180 0.58 10 0.12

+ + + + + + + + + + - - - - - - - - - -

7.70 1.71 0.94 0.47 0.30 0.27 0.26 0.23 0.20 0.19 0.51 0.15 0.10 0.07 0.07 0.07 0.06 0.06 0.06 0.06

U.S. MARKETS / APRIL 13 - 17 The Dow Jones Industrial Average rose 2.21%, or 523.12 points, to 24,242.49 during the April 13-17 trading week, and the S&P 500 advanced 3.04%, or 84.74 points, to 2,874.56. Spot gold finished at US$1,686.50 per oz., a 0.05% increase, after touching a high of nearly US$1,740 per oz. on April 17. Yamana Gold’s shares climbed US54¢ to US$4.26. The company announced it would resume operations at the Canadian Malartic mine in Quebec on April 15, after the provincial government ruled that mining is an essential business activity. The mine was put on care and maintenance due to COVID-19 on March 24. Yamana owns 50% of Canadian Malartic and Agnico Eagle Mines owns the remaining 50%. In other news, Yamana closed the sale of 12 million common shares of Equinox Gold and 6 million warrants of Yamana to purchase common shares of Equinox for proceeds of C$120 million. Each warrant entitles the holder to acquire one additional common share of Equinox owned by Yamana at an exercise price of C$13.50 per share for a term of nine months. If all the warrants are exercised, an additional C$81 million will be paid to Yamana for total proceeds of C$201 million.

Iamgold climbed 10.7% to US$3.10 per share. The company announced it was restarting its Westwood gold mine in Quebec on April 15. The mine was placed on care and maintenance on March 25. The company said its 2020 guidance is under review and that its management team “continues to prudently manage its balance sheet,” which includes US$830 million in cash and equivalents, plus an undrawn US$500 million credit facility as of Dec. 31, 2019. Shares of Hecla Mining gained US7¢ to US$2.15. The company announced that its Casa Berardi mine in Quebec was restarting U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Kinross Gold* KGC 138012 6.64 5.42 6.06 Yamana Gold* AUY 136022 4.59 3.56 4.26 Barrick Gold* GOLD 134165 25.11 22.25 24.54 Freeport McMoR*FCX 131189 8.67 7.39 8.34 Vale* VALE 96501 8.88 7.97 8.36 Cleveland-Clif* CLF 72292 4.67 3.41 3.71 Chevron Corp* CVX 70793 87.50 78.81 87.17 United States S* X 70255 7.14 6.30 6.79 Hecla Mining* HL 63300 2.50 1.97 2.17 Gold Fields* GFI 50500 7.43 5.76 6.35

+ + + + - - + - + +

0.44 0.54 2.03 0.15 0.14 0.91 2.86 0.02 0.07 0.16

on April 15. It noted that as an extra precaution, open-pit contract mining would not yet resume in order to minimize the number of workers on site. In the interim, stockpiled open pit ore would be fed to the mill until contract mining resumes. Hecla says it has a strong

balance sheet, with cash and equivalents at the end of the first quarter of about US$215 million, with a revolving credit facility drawn at about US$210 million. Its revolver debt is not due until 2023 and senior notes in 2028. TNM

U.S. GREATEST PERCENTAGE CHANGE

CONSOL Energy* Yamana Gold* Trecora Res* DRDGOLD* Nexa Resources* Sandstorm Gold* IAMGOLD* McEwen Mng* Agnico Eagle* Seabridge Gld* Cleveland-Clif* Arch Coal* Mosaic* Turquoise HIl* NACCO Ind* Suncor Energy* CONSOL Energy* Buenaventura* MartinMarietta* Black Hills*

CNX AUY TREC DRD NEXA SAND IAG MUX AEM SA CLF ARCH MOS TRQ NC SU CEIX BVN MLM BKH

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

23595 10.94 136022 4.59 343 5.95 5426 9.69 476 4.05 16866 7.15 44087 3.38 20783 1.10 11607 54.57 4639 13.28 72292 4.67 2301 37.29 19483 13.05 8709 0.55 100 30.02 37297 16.98 2653 6.28 13045 8.45 2924 206.72 1529 69.79

9.04 3.56 4.93 7.30 3.15 5.61 2.68 0.85 47.91 10.49 3.41 28.00 10.61 0.45 25.15 14.29 4.65 6.95 184.30 63.89

10.63 4.26 5.64 8.21 3.83 6.42 3.10 0.96 53.88 11.87 3.71 28.06 11.45 0.46 26.84 15.23 5.23 7.10 198.87 67.63

+ + + + + + + + + + - - - - - - - - - -

U.S. GREATEST VALUE CHANGE

14.7 14.5 12.1 11.2 11.0 10.9 10.7 10.3 10.0 9.5 19.7 19.3 11.7 7.8 7.0 6.5 4.7 4.7 4.5 4.3

Franco-Nevada* Agnico Eagle* Chevron Corp* Wheaton Prec M* Barrick Gold* Newmont Corp* CONSOL Energy* Seabridge Gld* DRDGOLD* Sandstorm Gold* MartinMarietta* Arch Coal* Black Hills* NACCO Ind* Mosaic* Kirkland Lake* Suncor Energy* Nutrien* Cleveland-Clif* Southern Copp*

FNV AEM CVX WPM GOLD NEM CNX SA DRD SAND MLM ARCH BKH NC MOS KL SU NTR CLF SCCO

VOLUME WEEK (000s) CLOSE CHANGE

7660 11607 70793 16324 134165 48962 23595 4639 5426 16866 2924 2301 1529 100 19483 11935 37297 7033 72292 3961

124.48 53.88 87.17 34.33 24.54 59.23 10.63 11.87 8.21 6.42 198.87 28.06 67.63 26.84 11.45 34.54 15.23 35.81 3.71 30.26

+ 10.79 + 4.89 + 2.86 + 2.35 + 2.03 + 1.92 + 1.36 + 1.03 + 0.83 + 0.63 - 9.32 - 6.71 - 3.03 - 2.03 - 1.52 - 1.32 - 1.06 - 0.95 - 0.91 - 0.86

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

M E TA L S , M I N I N G A N D M O N EY M A R K E T S LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 2 2020 (change from March 26, 2020 in brackets): Aluminium Alloy 8300 (0) Aluminium 1210475 (+97900) Copper 219925 (-4450) Lead 71425 (+300) Nickel 228768 (-750) Tin 6100 (-75) Zinc 73100 (-975)

Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$55.20 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.55 Cobalt: US$13.38/lb. Copper: US$2.35/lb. Copper: CME Group Futures May 2020: US$2.30/lb.; June 2020: US$2.31/lb Iridium: NY Dealer Mid-mkt US$1,560.00/tr oz. Iron Ore 62% Fe CFR China-S: US$85.50 Lead: US$0.75/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$9,400.00 tr. oz. Ruthenium: Mid-mkt US$270.00/tr. oz. Silver: Handy & Harman Base: US$15.14 per oz.; Handy & Harman Fabricated: US$18.93 per oz. Tin: US$6.90/lb. Uranium: U3O8, Trade Tech spot price: US$29.50 per lb. U308 Zinc: US$0.88/lb. Prices current April 20, 2020

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

IndexName S&P/TSX Composite S&P/TSXV Composite S&P/TSX 60 S&P/TSX Global Gold DJ Precious Metals

Apr 17 14359.88 444.87 871.85 306.28 250.38

Apr 16 13899.32 447.40 842.76 315.00 250.38

Apr 15 13958.58 442.71 847.02 308.29 245.47

Apr 14 14258.43 445.25 864.47 309.20 249.18

Apr 13 14075.94 437.16 853.35 306.79 247.62

High 15527.30 1050.26 896.74 218.90 420.72

Low 12400.15 883.52 709.99 149.29 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Mar 31, 2020 (with changes from Mar 15, 2020) Largest short positions Sandstorm Gold SSL 22602548 886972 3/15/2020 Barrick Gold ABX 19361077 3155597 3/15/2020 Suncor Energy SU 19200079 2500045 3/15/2020 Kinross Gold K 17362634 2533606 3/15/2020 New Gold NGD 16561451 -2813040 3/15/2020 Ivanhoe Mines IVN 15419421 -106607 3/15/2020 Nexgen Energy NXE 11885142 -79489 3/15/2020 Premier Gold M PG 11550362 -3935790 3/15/2020 Lundin Mng LUN 11420345 -961276 3/15/2020 First Quantum FM 10877577 -444620 3/15/2020 Teck Res TECK.B 9707277 1498071 3/15/2020 Osisko Mng Inc OSK 9704548 212295 3/15/2020 HudBay Min HBM 8712263 4073027 3/15/2020 Fortuna Silvr FVI 8251994 253773 3/15/2020 Trevali Mng TV 7957028 142407 3/15/2020 Largest increase in short position HudBay Min HBM 8712263 4073027 3/15/2020 Alamos Gold AGI 5194404 3945127 3/15/2020 Barrick Gold ABX 19361077 3155597 3/15/2020 Kinross Gold K 17362634 2533606 3/15/2020 Suncor Energy SU 19200079 2500045 3/15/2020 Largest decrease in short position OceanaGold OGC 5233432 -7432727 3/15/2020 Equinox Gold EQX 518089 -5705973 3/15/2020 Roxgold ROXG 1816785 -5360113 3/15/2020 RNC Minerals RNX 2787544 -5302920 3/15/2020 Yamana Gold YRI 4858022 -3967568 3/15/2020

Short positions outstanding as of Mar 31, 2020 (with changes from Mar 15, 2020) Largest short positions Conic Metals NKL 3915254 13149 3/15/2020 Palladium One PDM 1807589 1038493 3/15/2020 New Pac Metals NUAG 1805434 486801 3/15/2020 Metalla Rylty MTA 1071933 455401 3/15/2020 Lion One Mtls LIO 834280 -570542 3/15/2020 Power Metals PWM 743428 425425 3/15/2020 Hanna Capital HCC 600000 599880 3/15/2020 Colorado Res CXO 593030 474662 3/15/2020 Klondike Silv KS 581368 540930 3/15/2020 Alianza Min ANZ 501069 500066 3/15/2020 Orezone Gold ORE 460141 318446 3/15/2020 EnCore Energy EU 430100 -217151 3/15/2020 Rockhaven Res RK 419000 415350 3/15/2020 Standard Lith SLL 417477 -236461 3/15/2020 Leeta Gold HIVE 371541 -875489 3/15/2020 Largest increase in short position Palladium One PDM 1807589 1038493 3/15/2020 Hanna Capital HCC 600000 599880 3/15/2020 Klondike Silv KS 581368 540930 3/15/2020 Alianza Min ANZ 501069 500066 3/15/2020 New Pac Metals NUAG 1805434 486801 3/15/2020 Largest decrease in short position K92 Mining KNT 293977 -2973466 3/15/2020 Canada Carbon CCB 21099 -1906657 3/15/2020 Novo Res NVO 299283 -1817264 3/15/2020 Red Pine Expl RPX 26277 -1593249 3/15/2020 Zinc One Res Z 35450 -1535203 3/15/2020

TSX WARRANTS Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Equinox Gold Corp (EQX.WT) - One war-

rant to purchase one common share at $3.00 per share. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Maple Gold Mines Ltd. (MGM.WT) - One

warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share. Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS 84 New Highs AEX Gold Aiml Res* Alamos Gold Alpha Lithium AngloGold Ash* Azarga Metals Azarga Metals* B2Gold Corp B2Gold Corp* Barrick Gold Barrick Gold* Benton Res Benton Res* Brookmount Exp* BTU Metals* Central Tim Ex Chalice Gold M* Contact Gold* CWN M’g Acq DRDGOLD* Dundee Prec Mt

Essex Minerals Fieldex Expl First Mexican First Mexican* Fortune Bay Franco-Nevada Franco-Nevada* G2 Goldfields G2 Goldfields* Galantas Gold Galantas Gold* Gambier Gold* Getchell Gold Getchell Gold * GFM Res Global Vanad* Golden Birch Golden Pursuit GR Silver Idaho Champion IMC Intl Mng IMC Intl Mng*

Inca One Gold Inca One Gold* Inform Res Kinross Gold Kinross Gold* Kodiak Copper* Kore Mining Lions Bay Mg Melkior Res Metals Creek Metals Creek* Midnight Sun Midnight Sun* Millrock Res Millrock Res* Mistango River New Guinea Gld* New Oroperu Newmont Corp Newmont Corp* NovaGold Res NovaGold Res*

Orefinders Res PJSC Polyus Gd* Robex Res Rokmaster Res RosCan Gold Roughrider Exp Sidney Resrces* Southern Emp Surge Copper Tanqueray Expl Tembo Gold Teranga Gold Teranga Gold* Tiger Intl Vangold Res Vanstar Mng Rs Vanstar Mng Rs* Wheaton Prec M Wheaton Prec M* 23 New Lows Ares Strategic BLOX Inc*

BTU Metals* Casa Minerals * CNRP Mng CONSOL Coal Rs* Durango Res* Gitennes Expl * Go Cobalt* InZinc Mining* Mexus Gold* Mount Gibson * Murchison Min* Nevada Expl * Osisko Metals* Phoenix Global* Pike Mountain Saturn Mnrls Scandium Intl* Shear Diamonds* Sierra Metals Teuton Res Usha Res

CANADIAN GOLD MUTUAL FUNDS DAILY METAL PRICES Daily Metal Prices Date Apr 3 Apr 2 Apr 1 Mar 31 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1150/1190 1150/1190 1150/1190 1160/1200 Aluminum 1452/1486 1448.50/1482.50 1463.50/1498 1489/1524 Copper 4863.50/4880.50 4821.50/4840.50 4772/4787 4797/4811.50 Lead 1661/1674 1684.50/1696 1692.50/1702.50 1712/1718.50 Nickel 11192/11257 11185/11252 11220/11288 11235/11298 Tin 14465/14370 14550/14450 14591/14465 14401/14360 Zinc 1862/1876 1845/1858.50 1843/1853 1867.50/1879.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1609.75 1588.05 1594.25 Gold PM 1613.10 1616.80 1576.55 Silver 14.39 14.18 14.02 Platinum 714.00 727.00 714.00 Palladium 2140.00 2123.00 2236.00

1604.65 1608.95 13.93 727.00 2307.00

Mar 30 1160/1200 1495/1528 4763/4773 1694/1701.50 11280/11339 14305/14260 1837/1847.50 1624.45 1618.30 14.06 726.00 2242.00

FundName AGF Gb R A Fd MF BMO Prec Mtls Fd A BMO ZGD BMO ZJG CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD Mac Prec Met Cl A NBI PrecMetFd Invt NPT Go&PrMinFd A NPT SilverEquCl A RBC GblPreMetFd A Sentry Pre Met Fd A TD Prec Mtl Fd Inv

Apr 17 ($) Apr 10 ($) 17.01 24.30 63.08 60.86 14.24 9.09 28.60 30.82 12.31 19.11 64.09 17.65 40.89 5.67 46.95 36.29 48.25

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) 0.26 1.56 -19.04 2.79 66.03 1.11 4.77 -16.99 2.41 42.65 3.35 5.62 -22.96 0.61 127.06 3.88 6.80 -27.08 0.60 61.91 0.77 5.68 -10.82 2.43 44.48 0.55 6.49 -18.89 2.73 343.78 1.54 5.68 -8.38 0.94 3.96 1.27 4.29 -17.21 0.83 0.43 3.63 -15.36 2.68 28.52 1.10 6.09 -9.62 0.61 2.08 3.35 -15.56 2.52 53.35 0.95 5.69 -17.02 2.46 25.09 2.49 6.49 -19.45 3.19 0.28 5.17 -29.63 2.98 2.10 4.67 -17.39 2.13 304.97 2.30 6.77 -26.82 2.32 114.01 2.54 5.56 -12.80 2.26 113.40

EXCHANGE RATES Date US$ in C$ C$ in US$

Apr 17 1.4004 0.7143

Apr 16 1.4040 0.7122

Apr 15 1.4119 0.7083

Exchange rates (Quote Media, April 17, 2020) C$ to AUS C$ to EURO C$ to YEN 1.1221 0.6568 76.8225 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5713 5.0533 54.6900 US to AUS US to EURO US to YEN 1.5713 0.9197 107.5370 US to UK Pound US to China Yuan US to India Rupee 0.7994 7.0732 76.5000

Apr 14 1.3885 0.7202

Apr 13 1.3882 0.7204

C$ to Mex Peso 16.9439 C$ to Swiss Franc 0.6905 US to Mex Peso 23.7278 US to Swiss Franc 0.9669

C$ to SA Rand 13.4187 C$ to S. Korea Won 868.9331 US to SA Rand 18.8161 US to S. Korea Won 1216.2400

LEGEND A – Australian Securities Exchange C – Canadian Stock Exchange L – London Stock Exchange N – New York Stock Exchange O – U.S. over-the-counter Q – NASDAQ or U.S. OTC T – Toronto Stock Exchange V – TSX Venture Exchange X – NYSE American * – Denotes price in U.S.$

STAFF INVESTMENT POLICY The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public offerings or to engage in short selling.

CONVERSIONS OF WEIGHTS & MEASURES 1 troy ounce = 31.1 grams 1 kilogram = 32.15 troy ounces 1 kilogram = 2.2046 pounds 1 (metric) tonne = 1,000 kilograms 1 (metric) tonne = 2,204.6 pounds 1 (short) ton = 2,000 pounds 1 (metric) tonne = 1.1023 (short) tons

1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton = 0.03215 troy ounces per (metric) tonne 1 kilometre = 0.6214 miles 1 hectare = 2.47 acres

GLOBAL MINING NEWS · SINCE 1915

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Miners debate M&A as I COVID-19 sends shares lower VALUATIONS

| Experts weigh in on opportunities and risks

BY KELSEY ROLFE Special to The Northern Miner

n early March, BHP (NYSE: BHP; LON: BHP) Chairman Ken MacKenzie said the mining giant was in a strong position should COVID-19’s impact on the market create M&A opportunities. “On balance, the business is in very good shape,” Reuters reported MacKenzie as saying during the Australian Financial Review summit in Sydney on March 10. “I’m not sure if there will be any opportunities that will come from this, but if there are, we are actually in a position to act.” In the intervening weeks, COVID-19 has begun to take a dramatic toll on the mining industry. Operations around the globe have been forced to close by governments or have been voluntarily shuttered or limited to contain the spread of the virus. Share prices are down as the virus batters the world economy. In this uncertain environment, M&A activity in mining and other sectors has taken a hit. Refinitiv, which provides data on financial markets, reported that global mergers and acquisitions activity dropped 28% year-on-year in the first quarter of 2020 to sit at its lowest level since 2016. The number of deals in the quarter also dropped by 14% year-on-year. Looking specifically at mining, global mining M&A deals in Feb-

Contact: moliveira@northernminer.com or 416-510-6768 Analysts and investors in discussion during a site visit to Endeavour Mining’s Agbaou gold mine in Cote d’Ivoire. PHOTO BY THE NORTHERN MINER.

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Barrick updates 10-year plan

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MONTH APRIL 13 - APRIL 17, 2020 (100s) Stock

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APRIL 27â&#x20AC;&#x201C;MAY 10, 2020 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 1911 Gold* O 121 1911 Gold V 469 66 Resources C 23 Abacus Mining V 142 Abacus Mining* O 76 Abcourt Mines V 1704 Abcourt Mines* O 72 Aben Resources* O 221 Aben Resources V 1010 Abitibi Royal* O 5 Abitibi Royal V 19 AbraPlata Res* O 1261 AbraPlata Res V 2625 Academy Metals* O 0 Academy Metals V 75 Adamera Min V 317 Adamera Min* O 254 Adex Mining V 385 Advance Gold V 466 Advantage Lith V 480 Advantage Lith* O 155 Adventus V 180 Adventus* O 14 AEX Gold V 278 Affinity Metal* O 78 African Gold* O 52 African Gold V 656 African Min* O 102 African Rainb* O 1 Aftermath Silv* O 2513 Agnico Eagle* N 11607 Agnico Eagle T 4325 Aguila Amer Gd V 105 Aguila Amer Gd* O 0 Aiml Res* O 1 Aiml Res V 52 AJN Resources C 462 Alacer Gold T 9681 Alamos Gold T 8709 Alamos Gold* N 24569 Alaska Pac Egy* O 2500 Alcoa* N 46716 Aldebaran Res* O 1 Aldebaran Res V 3 Alderon Iron* O 14 Alderon Iron T 234 Aldever Res* O 0 Aldever Res V 6 Alexandra Cap* O 155 Alexco Res* X 7065 Alexco Res T 1902 Algold Res V 50 Algold Res* O 1 Alianza Min V 319 Alianza Min* O 0 Alien Metals* O 502 Alio Gold* X 1497 Alio Gold T 776 Allegiant Gold* O 169 Allegiant Gold V 229 Alliance Mng V 42 Alliance Res* D 4468 Almaden Min T 275 Almaden Min* X 2276 Almadex Min* O 392 Almadex Min V 329 Almonty Ind * O 5 Almonty Ind T 285 Aloro Mining* O 4 Aloro Mining V 109 Alpha Lithium V 862 Alpha Lithium* O 1614 Alphamin Res * O 27 Alphamin Res V 130 Altai Resource V 213 Altai Resource* O 24 Altair Res Inc* O 26 Altair Res Inc V 1073 Altamira Gold V 237 Altamira Gold* O 16 Altan Nevada V 462 Altan Rio Min V 227 Altiplano Met V 33 Altius Mnrls * O 254 Altius Mnrls T 503 Alto Ventures* O 111 Alto Ventures V 289 Altum Resource C 150 Altura Mining* O 114 Alturas Min V 280 Altus Strat V 118 Alumina Ltd* O 91 ALX Resources V 933 ALX Resources* O 98 AM Resources* O 10 AM Resources V 13 Amani Gold* O 300 Amarc Res V 175 Amarc Res* O 142 Amarillo Gold V 974 Amarillo Gold* O 240 Amer Intl Vent* O 1613 American Creek* O 140 American Creek V 899 American CuMo* O 330 American Lith V 271 American Lith* O 259 American Mang* O 522 American Mang V 350 American Pac C 8984 American Pac* O 783 AmericanSierra* O 13 Americas Silvr* X 10819 Americas Silvr T 3182 Amerigo Res T 1448 Amerigo Res* O 1172 Amex Expl* O 14 Amex Expl V 252 Amilot Capital* O 0 Amilot Capital V 50 Amseco Expl V 62 Anaconda Mng T 1461 Anaconda Mng* O 269 Andes Gold* O 66 Anfield Energy* O 326 Anfield Energy V 2551 Angel Gold* O 21 Angel Gold V 267 Angkor Gold* O 30 Angkor Res V 430 Anglo American* O 28 Anglo American* O 4621 Anglo Pac Grp T 5 AngloGold Ash* O 2 AngloGold Ash* N 23172 Angus Ventures V 77 Antioquia Gold* O 53 Antioquia Gold V 265 Antler Gold * O 45 Antler Gold V 545 Antofagasta* O 16 Apex Res * O 3 Apex Res V 66 Appia Energy* O 58 Appia Energy C 195 Applied Min* O 659 Aquila Res* O 240 Aquila Res T 100 Arbor Metals V 22 Arch Coal* N 2301 Archon Mineral V 68 Arctic Star* O 1 Arctic Star V 185 Arcturus Vent* O 32 Arcturus Vent V 1210 Arcus Dev Grp* O 50 Arcus Dev Grp V 80 Arcwest Explor V 151 Arena Min V 19 Arena Min* O 20 Ares Strategic V 5 Argentina Lith V 5 Argentina Lith* O 4

0.28 0.23 0.26 + 0.01 0.34 0.15 0.39 0.32 0.37 + 0.01 0.49 0.22 0.06 0.06 0.06 unch 0.00 0.37 0.05 0.07 0.06 0.07 + 0.01 0.15 0.04 0.05 0.04 0.05 + 0.00 0.11 0.03 0.07 0.05 0.06 + 0.01 0.10 0.04 0.05 0.04 0.05 + 0.01 0.09 0.03 0.06 0.04 0.06 + 0.01 0.20 0.03 0.08 0.07 0.07 + 0.01 0.27 0.05 13.00 11.75 12.99 + 1.24 15.51 7.68 18.49 16.15 18.21 + 1.71 20.55 10.62 0.07 0.05 0.07 + 0.02 0.10 0.03 0.10 0.07 0.09 + 0.02 0.13 0.04 0.00 0.00 0.09 unch 0.00 0.58 0.09 0.15 0.00 0.15 - 0.02 1.00 0.11 0.04 0.03 0.03 - 0.01 0.05 0.02 0.03 0.02 0.02 - 0.00 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.08 0.06 0.07 + 0.01 0.29 0.03 0.29 0.24 0.27 + 0.03 0.56 0.14 0.21 0.17 0.19 + 0.01 0.41 0.07 0.59 0.55 0.58 - 0.06 1.16 0.52 0.40 0.40 0.40 - 0.01 0.90 0.36 0.69 0.00 0.58 - 0.02 0.69 0.25 0.15 0.13 0.13 - 0.00 0.20 0.04 0.15 0.13 0.14 + 0.00 0.44 0.07 0.21 0.19 0.19 - 0.01 0.59 0.10 0.01 0.01 0.01 + 0.00 0.01 0.00 0.00 0.00 5.05 unch 0.00 13.60 5.00 0.18 0.13 0.16 + 0.02 0.42 0.05 54.57 47.91 53.88 + 4.89 64.88 31.00 77.03 66.97 75.55 + 7.04 86.39 43.25 0.15 0.12 0.15 unch 0.00 0.24 0.12 0.16 0.16 0.16 unch 0.00 0.16 0.12 0.13 0.13 0.13 unch 0.00 0.13 0.01 0.20 0.17 0.19 + 0.01 0.35 0.10 0.42 0.30 0.32 - 0.08 1.34 0.06 6.88 5.31 6.06 + 0.32 7.66 3.32 10.54 8.36 8.91 + 0.07 10.54 4.43 7.60 5.98 6.38 + 0.04 7.78 3.34 0.00 0.00 0.00 unch 0.00 0.00 0.00 8.38 6.79 7.59 + 0.18 28.92 5.16 0.22 0.22 0.22 unch 0.00 0.33 0.17 0.26 0.00 0.26 + 0.03 0.54 0.16 0.06 0.05 0.05 - 0.01 0.26 0.04 0.08 0.07 0.08 unch 0.00 0.36 0.06 0.01 0.00 0.01 - 0.08 0.10 0.01 0.09 0.09 0.09 + 0.01 0.29 0.05 0.25 0.16 0.21 + 0.03 0.60 0.06 1.81 1.35 1.42 + 0.01 2.81 0.72 2.49 1.89 1.98 unch 0.00 3.73 1.00 0.06 0.06 0.06 + 0.01 0.29 0.03 0.04 0.04 0.04 unch 0.00 0.13 0.04 0.07 0.06 0.07 + 0.01 0.10 0.03 0.00 0.00 0.04 unch 0.00 0.07 0.03 0.00 0.00 0.00 + 0.00 0.01 0.00 0.72 0.52 0.59 + 0.05 0.94 0.28 0.99 0.76 0.84 + 0.08 1.23 0.43 0.15 0.09 0.14 + 0.02 0.18 0.04 0.20 0.00 0.18 + 0.01 0.23 0.07 0.01 0.00 0.01 unch 0.00 0.02 0.01 4.39 3.14 3.61 + 0.30 19.90 2.70 0.58 0.45 0.51 + 0.06 1.10 0.31 0.42 0.32 0.38 + 0.05 0.82 0.21 0.23 0.11 0.13 + 0.02 0.45 0.05 0.24 0.16 0.17 unch 0.00 0.45 0.12 0.29 0.29 0.29 + 0.01 0.81 0.24 0.45 0.39 0.45 + 0.06 1.10 0.28 0.03 0.03 0.03 + 0.00 0.16 0.02 0.03 0.00 0.03 + 0.01 0.10 0.03 0.56 0.40 0.41 - 0.10 0.56 0.06 0.40 0.28 0.30 - 0.06 0.49 0.19 0.11 0.10 0.11 + 0.01 0.20 0.09 0.15 0.15 0.15 unch 0.00 0.27 0.13 0.05 0.04 0.05 unch 0.00 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.01 0.01 0.01 + 0.01 0.07 0.01 0.06 0.05 0.05 + 0.01 0.12 0.04 0.04 0.03 0.04 + 0.00 0.08 0.02 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.02 0.01 0.02 unch 0.00 0.02 0.01 0.08 0.00 0.08 unch 0.00 0.15 0.02 6.10 5.43 5.64 - 0.02 10.01 4.33 8.43 7.65 7.88 - 0.01 13.62 6.29 0.02 0.01 0.02 + 0.01 0.04 0.01 0.03 0.02 0.03 + 0.01 0.04 0.02 0.10 0.10 0.10 unch 0.00 0.10 0.09 0.03 0.01 0.03 - 0.01 0.10 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.47 0.39 0.47 + 0.02 0.68 0.30 3.99 3.50 3.90 + 0.24 6.89 3.09 0.05 0.03 0.04 + 0.01 0.08 0.02 0.03 0.03 0.03 + 0.01 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.09 0.02 0.04 0.04 0.04 + 0.01 0.15 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.04 0.04 + 0.01 0.08 0.02 0.03 0.02 0.03 + 0.01 0.06 0.02 0.20 0.16 0.16 unch 0.00 0.27 0.10 0.14 0.10 0.11 - 0.00 0.20 0.08 0.01 0.00 0.01 + 0.00 0.02 0.00 0.05 0.04 0.05 - 0.00 0.09 0.02 0.07 0.06 0.06 - 0.01 0.11 0.03 0.02 0.01 0.01 - 0.00 0.10 0.00 0.27 0.23 0.24 + 0.01 0.42 0.09 0.20 0.15 0.18 + 0.02 0.31 0.06 0.10 0.08 0.10 + 0.01 0.24 0.07 0.15 0.13 0.14 + 0.02 0.31 0.10 0.22 0.04 0.16 + 0.05 0.66 0.06 0.04 0.02 0.03 - 0.04 0.50 0.04 0.02 0.00 0.01 unch 0.00 0.03 0.01 2.20 1.64 2.02 + 0.24 3.92 1.00 3.10 2.29 2.85 + 0.39 5.19 1.39 0.33 0.21 0.30 + 0.11 0.97 0.12 0.24 0.15 0.21 + 0.07 0.74 0.08 1.09 0.94 0.94 - 0.03 1.44 0.44 1.53 1.30 1.38 + 0.08 1.90 0.58 0.00 0.00 0.05 unch 0.00 0.05 0.05 0.02 0.02 0.02 - 0.01 0.06 0.01 0.05 0.05 0.05 unch 0.00 0.08 0.02 0.23 0.17 0.19 + 0.01 0.36 0.10 0.16 0.12 0.15 + 0.02 0.26 0.07 0.01 0.00 0.01 + 0.00 0.02 0.00 0.10 0.06 0.10 + 0.04 0.17 0.03 0.15 0.09 0.13 + 0.05 0.25 0.04 0.01 0.01 0.01 + 0.00 0.02 0.00 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.05 0.05 0.05 unch 0.00 0.11 0.05 0.07 0.06 0.07 + 0.01 0.15 0.06 18.89 16.52 17.83 - 0.65 29.51 12.56 9.23 8.26 8.98 + 0.01 14.81 5.91 2.40 2.40 2.40 + 0.02 4.20 1.87 23.68 22.27 22.27 + 4.51 23.68 11.07 24.79 20.33 21.76 + 0.28 24.79 11.29 0.40 0.39 0.40 unch 0.00 0.55 0.14 0.02 0.01 0.02 + 0.00 0.03 0.01 0.03 0.02 0.03 + 0.01 0.04 0.02 0.05 0.05 0.05 unch 0.00 0.10 0.01 0.08 0.08 0.08 + 0.02 0.18 0.02 10.04 0.00 10.02 + 0.54 12.98 7.30 0.05 0.05 0.05 unch 0.00 0.31 0.03 0.08 0.07 0.07 - 0.01 0.43 0.04 0.17 0.14 0.17 + 0.01 0.28 0.07 0.26 0.00 0.26 + 0.03 0.38 0.10 0.01 0.01 0.01 + 0.00 0.04 0.00 0.09 0.08 0.08 - 0.00 0.18 0.05 0.13 0.12 0.13 + 0.01 0.23 0.07 0.60 0.50 0.60 + 0.10 0.60 0.03 37.29 28.00 28.06 - 6.71 101.92 25.37 0.11 0.10 0.10 unch 0.00 0.60 0.10 0.02 0.00 0.02 unch 0.00 0.31 0.01 0.04 0.04 0.04 unch 0.00 0.48 0.03 0.10 0.05 0.09 + 0.02 0.69 0.00 0.14 0.07 0.11 + 0.02 0.97 0.05 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.02 0.01 0.01 - 0.01 0.04 0.01 0.06 0.05 0.05 - 0.01 0.09 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.09 0.00 0.08 - 0.01 0.15 0.07 0.06 0.00 0.05 + 0.01 0.10 0.04 0.03 0.03 0.03 + 0.00 0.07 0.03

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Argentum Silvr V 65 0.28 0.19 0.22 + 0.03 0.48 0.14 Argentum Silvr* O 14 0.15 0.11 0.15 + 0.04 0.37 0.11 Argo Gold C 275 0.10 0.09 0.10 - 0.01 0.19 0.06 Argo Gold* O 180 0.07 0.06 0.07 + 0.01 0.15 0.06 Argonaut Gold* O 1552 1.10 0.87 0.93 + 0.11 2.15 0.53 Argonaut Gold T 5979 1.53 1.20 1.30 + 0.13 2.87 0.76 Arianne Phosph V 516 0.20 0.16 0.19 + 0.01 0.65 0.15 Arianne Phosph* O 93 0.15 0.13 0.13 + 0.00 0.49 0.11 Arizona Silver* O 50 0.13 0.13 0.13 - 0.01 0.19 0.08 Arizona Silver V 154 0.19 0.17 0.19 + 0.02 0.25 0.10 Armor Min V 1 0.40 0.00 0.40 unch 0.00 0.46 0.31 Armor Min* O 2 0.19 0.19 0.19 unch 0.00 0.20 0.19 Artemis Gold V 37 1.21 1.10 1.12 + 0.01 1.60 0.95 Artemis Gold* O 40 0.87 0.80 0.80 + 0.03 1.20 0.60 Asanko Gold T 3191 1.43 1.19 1.43 + 0.22 1.45 0.68 Asanko Gold* X 4170 1.01 0.86 0.99 + 0.13 1.10 0.50 Asante Gold C 932 0.05 0.00 0.05 + 0.01 0.07 0.02 Asante Gold* O 50 0.03 0.03 0.03 unch 0.00 0.04 0.02 Ascendant Res T 319 0.16 0.12 0.12 - 0.03 0.51 0.09 Ascendant Res* O 21 0.10 0.08 0.10 + 0.02 0.35 0.07 Ascot Res T 2581 0.91 0.67 0.74 + 0.08 0.98 0.37 Ascot Res * O 261 0.64 0.49 0.53 + 0.06 0.76 0.26 Ashanti Sanko V 148 0.02 0.02 0.02 unch 0.00 0.05 0.01 AsiaBaseMetals V 2 0.30 0.00 0.30 + 0.06 0.64 0.18 AsiaBaseMetals* O 1 0.21 0.21 0.21 unch 0.00 0.38 0.20 Asian Mineral* O 0 0.23 0.23 0.23 unch 0.00 0.32 0.22 Asian Mineral V 267 0.27 0.00 0.25 + 0.02 0.89 0.10 Aston Bay V 1015 0.08 0.06 0.06 unch 0.00 0.11 0.04 Aston Bay* O 378 0.06 0.04 0.05 + 0.00 0.08 0.03 ATAC Res V 589 0.21 0.18 0.19 + 0.02 0.32 0.11 ATAC Res* O 501 0.15 0.13 0.14 + 0.00 0.24 0.08 Atacama Res* O 7266 0.01 0.01 0.01 + 0.00 0.03 0.00 Atalaya Mining T 1 0.00 0.00 1.79 unch 0.00 3.99 1.79 Athabasca Min* O 10 0.13 0.11 0.11 - 0.02 0.60 0.06 Athabasca Min V 128 0.20 0.15 0.17 - 0.01 0.79 0.08 Athena Silver* O 11 0.04 0.03 0.04 + 0.00 0.06 0.01 Atico Mining* O 159 0.24 0.14 0.22 + 0.06 0.33 0.11 Atico Mining V 586 0.33 0.22 0.32 + 0.09 0.43 0.16 Atlanta Gold* O 25 0.00 0.00 0.00 unch 0.00 0.04 0.00 Atlantic Indus V 1 0.00 0.00 0.01 unch 0.00 0.02 0.01 Atlas Cons Mng* O 1 0.77 0.71 0.71 unch 0.00 0.91 0.71 Aton Resources* O 3 0.02 0.02 0.02 + 0.00 0.04 0.01 Aton Resources V 561 0.04 0.03 0.03 + 0.01 0.05 0.02 Aura Minerals* O 1 41.00 0.00 39.70 - 1.30 65.07 11.78 Aura Minerals T 2 62.00 54.00 54.01 - 7.99 91.80 16.21 Aura Resources V 534 0.05 0.04 0.04 - 0.01 0.09 0.02 Auramex Res V 716 0.03 0.03 0.03 + 0.01 0.08 0.02 Aurania Res* O 98 1.76 1.45 1.55 + 0.01 3.40 1.03 Aurania Res V 163 2.44 2.01 2.13 - 0.02 4.50 1.51 Aurcana Corp V 1480 0.33 0.28 0.29 - 0.01 0.54 0.15 Aurcana Corp* O 588 0.23 0.20 0.20 - 0.02 1.25 0.00 AurCrest Gold V 30 0.03 0.00 0.03 unch 0.00 0.05 0.02 Aurelius Min V 249 0.03 0.00 0.03 + 0.01 0.06 0.02 Aurex Energy V 161 0.07 0.05 0.07 + 0.01 0.30 0.05 Aurion Res V 919 1.07 0.81 0.95 + 0.09 2.35 0.42 Aurion Res * O 513 0.77 0.57 0.68 + 0.06 1.77 0.29 Aurora Royal V 0 0.00 0.00 0.02 unch 0.00 0.10 0.02 Aurwest Res C 213 0.03 0.03 0.03 + 0.01 0.12 0.01 AURYN Mining* O 43 0.28 0.12 0.28 + 0.10 0.74 0.03 Auryn Resource T 532 1.70 1.45 1.52 + 0.03 2.45 1.00 Auryn Resource* X 1061 1.23 1.04 1.10 + 0.05 1.84 0.71 Aust Mines* O 97 0.01 0.01 0.01 + 0.00 0.03 0.00 Austin Res V 50 0.04 0.04 0.04 unch 0.00 0.13 0.04 Austral Gold* O 6 0.09 0.08 0.08 + 0.01 0.10 0.02 Austral Gold V 322 0.15 0.00 0.13 + 0.01 0.15 0.06 Auxico Res C 1102 0.04 0.03 0.04 - 0.01 0.22 0.02 Avalon Advance T 1284 0.04 0.03 0.04 unch 0.00 0.17 0.03 Avalon Advance* O 318 0.03 0.02 0.03 + 0.01 0.13 0.02 Avarone Metals C 675 0.06 0.03 0.04 + 0.01 0.15 0.03 Avidian Gold V 367 0.06 0.00 0.05 - 0.01 0.21 0.05 Avino Silver* X 3273 0.46 0.37 0.41 + 0.05 0.81 0.26 Avino Silver T 452 0.65 0.50 0.57 + 0.06 1.07 0.27 Avrupa Min V 573 0.03 0.02 0.02 - 0.01 0.05 0.01 Avrupa Min* O 80 0.02 0.01 0.01 + 0.00 0.04 0.01 Awale Res V 284 0.07 0.06 0.06 - 0.01 0.26 0.06 Axmin Inc* O 20 0.16 0.14 0.15 - 0.01 0.40 0.11 Axmin Inc V 147 0.21 0.19 0.20 - 0.02 0.57 0.16 Azarga Metals V 159 0.20 0.08 0.11 + 0.04 0.20 0.05 Azarga Metals* O 13 0.10 0.00 0.08 + 0.03 0.10 0.03 Azarga Uranium* O 523 0.14 0.10 0.13 + 0.01 0.22 0.05 Azarga Uranium T 1739 0.20 0.15 0.19 + 0.02 0.28 0.07 Azimut Explor V 710 1.56 1.28 1.35 + 0.08 1.77 0.31 Azimut Explor* O 96 1.12 0.92 0.96 + 0.07 1.33 0.23 Azincourt Ener* O 1384 0.04 0.02 0.03 + 0.00 0.05 0.01 Azincourt Ener V 12819 0.06 0.03 0.05 + 0.01 0.07 0.02 Aztec Minerals V 156 0.10 0.09 0.10 - 0.03 0.16 0.04 Aztec Minerals* O 0 0.00 0.00 0.06 unch 0.00 0.13 0.03 Azteca Gold* O 474 0.00 0.00 0.00 + 0.00 0.00 0.00 Azucar Min V 703 0.13 0.10 0.10 - 0.01 0.43 0.08 Azucar Min* O 309 0.09 0.06 0.07 - 0.00 0.34 0.05

B B2Gold Corp T 44206 6.95 5.48 6.13 + 0.37 6.95 3.12 B2Gold Corp* X 66295 5.01 3.92 4.38 + 0.27 5.01 2.16 Balmoral Res* O 1059 0.36 0.27 0.33 + 0.04 0.39 0.07 Balmoral Res T 2944 0.50 0.39 0.46 + 0.05 0.52 0.10 Balto Res V 15 0.03 0.03 0.03 unch 0.00 0.19 0.03 Bam Bam Res C 491 0.07 0.05 0.07 + 0.02 0.17 0.03 Bankers Cobalt* O 163 0.01 0.00 0.01 - 0.00 0.03 0.00 Bankers Cobalt V 199 0.01 0.01 0.01 unch 0.00 0.04 0.01 Bannerman Res* O 3125 0.04 0.03 0.03 + 0.01 0.04 0.01 Banyan Gold V 298 0.06 0.05 0.05 unch 0.00 0.09 0.03 Banyan Gold* O 47 0.05 0.03 0.03 - 0.01 0.07 0.02 Bard Ventures V 407 0.08 0.05 0.07 + 0.02 0.17 0.05 Bard Ventures* O 3 0.05 0.05 0.05 unch 0.00 0.10 0.06 Barksdale Res* O 173 0.21 0.17 0.18 + 0.01 0.57 0.14 Barksdale Res V 98 0.27 0.24 0.24 - 0.02 0.75 0.22 Barolo Venture V 23 0.18 0.18 0.18 unch 0.00 0.30 0.18 Barolo Venture* O 1 0.12 0.12 0.12 unch 0.00 0.14 0.01 Barrick Gold* N 134165 25.11 22.25 24.54 + 2.03 25.11 11.65 Barrick Gold T 28785 35.41 31.10 34.40 + 2.92 35.41 15.72 Barsele Min* O 12 0.26 0.24 0.26 + 0.02 0.55 0.07 Barsele Min V 46 0.37 0.33 0.35 unch 0.00 0.73 0.11 Batero Gold* O 51 0.06 0.05 0.06 + 0.00 0.08 0.04 Batero Gold V 391 0.08 0.07 0.07 + 0.01 0.10 0.05 Bayhorse Silvr* O 807 0.05 0.04 0.05 + 0.00 0.14 0.03 Bayhorse Silvr V 10411 0.06 0.05 0.06 + 0.01 0.20 0.05 BC Moly V 1 0.00 0.00 0.05 unch 0.00 0.07 0.04 BCM Res V 19 0.04 0.04 0.04 unch 0.00 0.11 0.02 BE Res V 39 0.18 0.12 0.12 - 0.06 0.25 0.12 Bear Creek Mng V 587 2.25 1.80 1.88 + 0.06 2.97 0.75 Bear Creek Mng* O 317 1.61 1.27 1.33 + 0.02 2.35 0.50 Bearing Lith* O 155 0.08 0.00 0.07 + 0.00 0.29 0.06 Bearing Lith V 110 0.11 0.09 0.10 + 0.01 0.38 0.06 Beauce Gold V 212 0.12 0.10 0.11 + 0.02 0.20 0.06 Bell Copper V 103 0.09 0.07 0.08 - 0.01 0.11 0.01 Bell Copper* O 7 0.05 0.00 0.05 - 0.00 0.08 0.02 Belmont Res V 216 0.05 0.04 0.04 unch 0.00 0.36 0.02 Belo Sun Mng T 2363 0.61 0.43 0.59 + 0.16 0.72 0.21 Belo Sun Mng* O 7462 0.44 0.30 0.41 + 0.11 0.55 0.16 BeMetals V 480 0.18 0.15 0.15 + 0.01 0.27 0.12 Benchmark Met* O 115 0.24 0.20 0.23 + 0.05 0.37 0.12 Benchmark Met V 1058 0.33 0.27 0.29 + 0.02 0.48 0.17 Benton Res V 2587 0.15 0.08 0.10 + 0.02 0.15 0.04 Benton Res* O 631 0.11 0.05 0.07 + 0.00 0.11 0.02 Benz Mining V 505 0.09 0.08 0.09 unch 0.00 0.14 0.05 Benz Mining* O 58 0.07 0.05 0.06 + 0.01 0.10 0.05 Berkwood Res V 55 0.02 0.00 0.02 - 0.01 0.06 0.01 Berkwood Res * O 105 0.02 0.01 0.02 + 0.00 0.05 0.01 Bessor Min V 31 0.06 0.00 0.06 unch 0.00 0.09 0.03 Bird River Res C 940 0.01 0.01 0.01 + 0.01 0.03 0.01 Bitterroot Res* O 20 0.03 0.03 0.03 - 0.00 0.04 0.01 Bitterroot Res V 296 0.04 0.03 0.04 unch 0.00 0.05 0.02 Black Hills* N 1529 69.79 63.89 67.63 - 3.03 87.12 48.07 Black Iron T 1495 0.07 0.06 0.06 + 0.01 0.16 0.05 Black Iron* O 75 0.05 0.04 0.04 - 0.00 0.12 0.03 Black Mammoth V 4 0.04 0.04 0.04 unch 0.00 0.07 0.02 Black Sea V 38 0.03 0.00 0.03 unch 0.00 0.10 0.03 Black Sea * O 1 0.02 0.00 0.02 + 0.00 0.08 0.01 Black Tusk Res* O 31 0.05 0.03 0.03 + 0.00 0.15 0.02 Black Tusk Res C 7895 0.07 0.05 0.06 unch 0.00 0.18 0.03 Blackheath Res V 5 0.07 0.07 0.07 unch 0.00 0.20 0.05 Blackrock Gold* O 534 0.13 0.10 0.12 + 0.02 0.27 0.02 Blackrock Gold V 664 0.19 0.16 0.17 + 0.02 0.36 0.03 Blind Creek V 169 0.04 0.02 0.03 - 0.01 0.06 0.02 BLOX Inc* O 8967 0.01 0.00 0.00 - 0.00 0.30 0.00 Blue Lagoon C 419 1.45 1.10 1.37 + 0.37 2.11 0.26 Blue Lagoon* O 75 1.15 0.70 0.97 + 0.22 1.45 0.62 Blue Moon Zinc V 1686 0.02 0.01 0.01 unch 0.00 0.04 0.01 Blue Moon Zinc* O 171 0.01 0.00 0.01 + 0.00 0.03 0.00 Blue River Res* O 737 0.01 0.00 0.00 + 0.00 0.02 0.00 Blue River Res V 1750 0.01 0.01 0.01 unch 0.00 0.02 0.01 Blue Sky Uran* O 734 0.17 0.11 0.13 + 0.02 0.17 0.03 Blue Sky Uran V 3604 0.23 0.15 0.18 + 0.03 0.23 0.05 Blue Star Gold V 265 0.05 0.05 0.05 + 0.01 0.08 0.03

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Blue Thunder V 360 BlueBird Batt V 734 BlueBird Batt* O 17 Bluestone Res V 600 Bluestone Res* O 118 Bold Ventures V 12 Bold Ventures* O 2 Bonanza Gold* O 5531 BonTerra Res V 793 Boreal Metals V 38 Borneo Res Inv* O 3571 Boundary Gold* O 18 Boundary Gold V 263 Bravada Gold* O 304 Bravada Gold V 313 Braveheart Res* O 46 Braveheart Res V 1410 Bravo Multinat* O 40 Brazil Min* O 11012 BrightRock* O 641 Britannia Mng* O 163 Brixton Metals V 1708 Brixton Metals* O 967 Brookmount Exp* O 6096 Bryn Res* O 41 BTU Metals* O 76 BTU Metals V 3738 Buenaventura* N 13045 Buffalo Coal V 1 Bullfrog Gold* O 368 Bullfrog Gold C 243 Bunker Hill C 37 BWR Explor V 871

0.10 0.06 0.07 - 0.01 0.20 0.06 0.08 0.07 0.08 + 0.01 0.28 0.04 0.06 0.00 0.06 + 0.00 0.19 0.03 1.89 1.61 1.65 + 0.05 2.12 0.85 1.36 1.12 1.19 + 0.01 1.59 0.65 0.05 0.00 0.05 + 0.01 0.13 0.03 0.03 0.03 0.03 unch 0.00 0.04 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 1.26 0.92 1.10 + 0.12 3.02 0.63 0.04 0.04 0.04 - 0.01 0.08 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.00 0.01 + 0.01 0.15 0.00 0.02 0.00 0.02 + 0.01 0.18 0.01 0.08 0.05 0.07 + 0.00 0.15 0.03 0.10 0.07 0.09 + 0.01 0.20 0.05 0.06 0.03 0.03 - 0.03 0.14 0.04 0.08 0.05 0.05 - 0.03 0.21 0.05 0.12 0.00 0.09 - 0.01 0.70 0.08 0.00 0.00 0.00 - 0.00 0.01 0.00 0.03 0.02 0.03 + 0.01 0.04 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 0.15 0.12 0.13 + 0.02 0.43 0.08 0.11 0.08 0.09 + 0.01 0.33 0.05 0.01 0.01 0.01 + 0.00 0.01 0.00 0.05 0.00 0.05 + 0.02 0.09 0.03 1.00 0.00 0.16 + 0.02 1.00 0.07 0.24 0.18 0.22 + 0.04 0.49 0.07 8.45 6.95 7.10 - 0.35 17.85 5.12 0.00 0.00 0.01 unch 0.00 0.01 0.01 0.10 0.07 0.08 + 0.00 0.24 0.05 0.14 0.11 0.14 + 0.03 0.23 0.08 0.56 0.00 0.50 - 0.23 0.80 0.05 0.05 0.03 0.04 + 0.02 0.06 0.02

Cabral Gold V 196 Cabral Gold* O 18 Cache Explor* O 163 Cache Explor V 174 Cadillac Vent* O 0 Cadillac Vent V 19 Caelan Capital* O 1 Cairo Res V 4 Caldas Gold V 27 Caledonia Mng T 40 Caledonia Mng* X 233 Calibre Mng T 3203 Calibre Mng* O 517 California Gld C 47 California Gld* O 5 Callinex Mines* O 11 Callinex Mines V 44 Cameco Corp* N 19822 Cameco Corp T 6789 Cameo Cobalt* O 122 Cameo Cobalt V 5271 Camino Min* O 1 Camino Min V 111 Camrova Res* O 0 Canada Carbon V 343 Canada Carbon* O 17 Canada Coal V 300 Canada Cobalt V 796 Canada Cobalt * O 212 Canada Nickel V 256 Canada One* O 81 Canada One V 548 Canada Rare V 95 Canada Rare* O 98 Canadian Metal C 514 Canadian Ore* O 35 Canadian Ore V 90 Canadian Prem V 41 CanAlaska Uran* O 397 CanAlaska Uran V 602 Canamex Gold* O 13 Canarc Res T 270 Canarc Res* O 151 Canasil Res V 649 Candelaria Mg* O 18 Candelaria Mg V 400 Candente Coppr T 381 Candente Gold* O 12 Candente Gold V 115 CANEX Metals * O 48 CANEX Metals V 294 CaNickel Mng V 50 CaNickel Mng* O 0 Canoe Mng Vent V 618 Canstar Res V 107 Canstar Res* O 50 Canterra Mnls* O 0 Canterra Mnls V 280 Cantex Mn Dev* O 2 Cantex Mn Dev V 260 Canuc Res V 639 Canuc Res* O 68 Capstone Mng T 678 Cardero Res V 78 Cardero Res* O 14 Cardinal Res* O 55 Cardinal Res T 293 Cariboo Rose V 144 Carlin Gold V 536 Carlyle Comm* O 38 Carrara Explor C 1141 Cartier Iron C 450 Cartier Res* O 764 Cartier Res V 1743 Carube Copper V 1390 Carube Copper* O 251 Casa Minerals V 164 Casa Minerals * O 18 Cascadero Copp V 198 Castle Peak Mg V 89 Cdn Palladium C 552 Cdn Palladium* O 236 CellCube Enrgy* O 695 Centamin T 735 Centaurus Diam* O 4 Centerra Gold T 9046 Central Iron V 228 Central Tim Ex V 141 Century Cobalt* O 28 Century Global T 150 Century Global* O 150 Cerro de Pasc C 231 Cerro de Pasc * O 33 Cerro Grande C 30 Cerro Mng* O 26 Cerro Mng V 26 Ceylon Graph V 219 Chakana Copper V 701 Chakana Copper* O 876 Chalice Gold M* O 643 Champion Bear* O 0 Champion Bear V 60 Champion Iron* O 3 Champion Iron T 1437 Chatham Rock V 0 Chatham Rock* O 0 Chesapeake Gld* O 88 Chesapeake Gld V 106 Chevron Corp* N 70793 Chiboug Ind Mn V 137 Chiboug Ind Mn* O 25 Chilean Metals V 31 Chilean Metals* O 10 China Gold Int T 609 Chinapintza Mg V 10 CIM Intl Grp C 3 Clarmin Explor V 150 Clean Comm* O 14 Cleghorn Mnls V 250 Cleveland-Clif* N 72292 Cliffmont Res V 66 Clifton Mng* O 339 Clydesdale Res V 4 CMC Metals* O 30 CMC Metals V 88 CNRP Mng C 132 Cobalt Block* O 108 Cobalt Block V 130 Coeur Mng* N 37141 Colibri Res V 175

0.12 0.10 0.12 + 0.01 0.23 0.07 0.07 0.07 0.07 unch 0.00 0.16 0.05 0.01 0.00 0.00 - 0.01 0.05 0.00 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.00 0.00 0.02 unch 0.00 0.03 0.00 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.01 0.00 0.01 - 0.09 0.94 0.06 0.20 0.20 0.20 unch 0.00 0.34 0.20 2.00 1.71 1.97 + 0.26 2.30 1.30 16.97 14.13 16.63 + 2.32 16.99 7.05 12.25 9.08 11.92 + 2.23 13.55 5.22 0.96 0.80 0.91 + 0.11 1.05 0.45 0.74 0.56 0.64 + 0.07 1.52 0.00 0.18 0.00 0.18 + 0.04 0.79 0.11 0.13 0.00 0.13 + 0.02 0.59 0.08 0.39 0.28 0.37 + 0.04 0.99 0.03 0.60 0.44 0.48 + 0.04 1.35 0.32 9.85 8.88 9.74 + 0.47 11.94 5.30 13.95 12.52 13.67 + 0.67 16.00 7.69 0.01 0.00 0.01 + 0.00 0.16 0.00 0.01 0.01 0.01 + 0.01 0.14 0.01 0.07 0.07 0.07 + 0.01 0.14 0.03 0.11 0.10 0.10 - 0.01 0.19 0.05 0.00 0.00 0.02 unch 0.00 0.06 0.00 0.21 0.17 0.19 - 0.01 0.39 0.05 0.14 0.13 0.13 - 0.01 0.28 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.46 0.41 0.43 + 0.02 0.73 0.25 0.33 0.29 0.30 + 0.01 0.57 0.18 0.65 0.55 0.65 + 0.08 0.90 0.38 0.03 0.00 0.03 + 0.01 0.03 0.01 0.04 0.02 0.03 + 0.02 0.06 0.02 0.05 0.04 0.05 unch 0.00 0.11 0.03 0.04 0.02 0.04 + 0.00 0.08 0.02 0.15 0.00 0.13 + 0.05 0.70 0.01 0.05 0.05 0.05 unch 0.00 0.24 0.04 0.10 0.09 0.09 + 0.01 0.33 0.06 0.16 0.15 0.16 + 0.01 1.40 0.10 0.17 0.12 0.13 - 0.02 0.23 0.06 0.24 0.16 0.18 - 0.03 0.31 0.09 0.01 0.00 0.01 - 0.00 0.07 0.00 0.05 0.00 0.05 + 0.01 0.08 0.03 0.04 0.03 0.03 + 0.01 0.06 0.02 0.07 0.05 0.05 - 0.01 0.09 0.05 0.08 0.03 0.08 + 0.00 0.26 0.03 0.08 0.07 0.07 - 0.01 0.39 0.05 0.04 0.03 0.04 + 0.01 0.06 0.02 0.01 0.00 0.01 + 0.00 0.03 0.01 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.15 0.14 0.15 + 0.02 0.22 0.02 0.20 0.18 0.19 + 0.01 0.28 0.03 0.07 0.05 0.06 + 0.02 0.11 0.04 0.00 0.00 0.04 unch 0.00 0.09 0.04 0.17 0.15 0.17 + 0.04 0.26 0.10 0.04 0.03 0.03 + 0.01 0.05 0.02 0.03 0.02 0.02 - 0.01 0.03 0.02 0.00 0.00 0.02 unch 0.00 0.02 0.00 0.02 0.01 0.01 unch 0.00 0.03 0.01 0.55 0.43 0.55 + 0.09 5.23 0.33 0.76 0.56 0.76 + 0.18 6.99 0.46 0.07 0.06 0.07 + 0.01 0.09 0.03 0.04 0.04 0.04 unch 0.00 0.05 0.02 0.52 0.44 0.47 - 0.02 0.92 0.33 0.03 0.00 0.03 unch 0.00 0.06 0.02 0.03 0.01 0.02 + 0.01 0.04 0.01 0.19 0.19 0.19 unch 0.00 0.38 0.15 0.37 0.33 0.34 - 0.01 0.50 0.20 0.06 0.04 0.04 unch 0.00 0.06 0.04 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.13 0.08 0.08 + 0.00 0.24 0.04 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.03 0.03 0.03 - 0.01 0.09 0.03 0.10 0.08 0.10 + 0.02 0.17 0.05 0.14 0.11 0.12 + 0.02 0.22 0.07 0.07 0.05 0.07 + 0.02 0.07 0.01 0.05 0.04 0.05 + 0.00 0.06 0.03 0.04 0.03 0.04 + 0.01 0.18 0.02 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.02 0.00 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.10 0.08 0.10 + 0.01 0.23 0.06 0.08 0.06 0.06 - 0.00 0.28 0.02 0.03 0.02 0.02 - 0.00 0.11 0.01 2.66 2.30 2.30 - 0.15 2.66 1.39 0.05 0.00 0.05 - 0.01 0.29 0.04 10.62 8.59 9.73 + 0.46 13.00 5.52 0.03 0.02 0.02 - 0.01 0.03 0.01 0.25 0.11 0.25 + 0.14 0.48 0.05 0.03 0.00 0.02 + 0.00 0.13 0.00 0.07 0.07 0.07 unch 0.00 0.25 0.05 0.05 0.05 0.05 unch 0.00 0.17 0.05 0.35 0.31 0.34 + 0.01 0.54 0.26 0.25 0.22 0.25 + 0.02 0.41 0.18 0.01 0.00 0.01 unch 0.00 0.01 0.01 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.08 0.08 0.08 unch 0.00 0.36 0.07 0.10 0.00 0.08 - 0.02 0.20 0.06 0.26 0.13 0.18 + 0.05 0.43 0.08 0.19 0.09 0.13 + 0.04 0.33 0.05 0.78 0.34 0.77 + 0.43 0.67 0.08 0.00 0.00 0.09 unch 0.00 0.16 0.07 0.12 0.09 0.09 - 0.02 0.20 0.09 1.14 0.00 1.14 + 0.07 2.36 0.77 1.85 1.57 1.66 + 0.05 3.15 0.96 0.00 0.00 0.07 unch 0.00 0.18 0.07 0.08 0.08 0.08 unch 0.00 0.09 0.07 2.24 1.75 2.10 + 0.37 3.50 1.01 3.15 2.46 2.92 + 0.47 4.65 1.40 87.50 78.81 87.17 + 2.86 127.00 51.60 0.09 0.07 0.08 - 0.01 0.27 0.05 0.07 0.07 0.07 unch 0.00 0.19 0.07 0.04 0.00 0.03 - 0.01 0.08 0.03 0.03 0.03 0.03 unch 0.00 0.06 0.01 0.79 0.66 0.72 + 0.06 1.83 0.45 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.15 0.15 0.15 unch 0.00 0.19 0.02 0.08 0.08 0.08 unch 0.00 0.17 0.05 0.09 0.00 0.08 + 0.01 0.17 0.01 0.05 0.05 0.05 + 0.01 0.10 0.03 4.67 3.41 3.71 - 0.91 11.61 2.63 0.10 0.08 0.10 + 0.05 0.13 0.05 0.17 0.13 0.13 - 0.04 0.23 0.07 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.04 0.04 0.04 + 0.01 0.08 0.03 0.13 0.00 0.11 + 0.01 0.56 0.06 0.04 0.03 0.03 - 0.00 0.08 0.02 0.05 0.04 0.05 + 0.01 0.11 0.03 4.61 3.73 4.13 - 0.01 8.29 1.98 0.05 0.05 0.05 unch 0.00 0.08 0.04

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Colibri Res* O 244 Colombia Crest V 8 Colonial Coal V 364 Colorado Res V 742 Colorado Res* O 195 Columbus Gold T 609 O 462 Columbus Gold* Comet Inds V 1 V 113 Commander Res O 11 Commander Res* Commerce Res V 152 O 188 Commerce Res* O 1 Compass Gold* Compass Gold V 165 X 1210 Comstock Mng* Comstock Mtls V 551 130 Comstock Mtls * O Condor Gold T 16 Condor Res V 676 Condor Res* O 152 Confedertn Ml* O 27 Confedertn Mls V 6 Conic Metals V 242 Conic Metals* O 22 Conquest Res V 371 Cons Woodjam V 611 204 CONSOL Coal Rs* N 2653 CONSOL Energy* N CONSOL Energy* N 23595 O 11 Constantine Mt* Constantine Mt V 289 Contact Gold* O 6419 Contact Gold V 4803 Contact Mnrls* O 0 319 Copper Fox Mtl V 61 Copper Fox Mtl* O 200 Copper Lake Rs V 1140 Copper Mtn Mng T 103 Copper Mtn Mng* O 0 Copper North M* O 230 Copper North M V 57 O Copper One * Copper One C 5175 78 Copper Reef Mg C 2 Copper Reef Mg* O O 357 Copperbank Res* C 797 Copperbank Res 212 O Coral Gold * Coral Gold V 205 Cordoba Mnls V 211 Cordoba Mnls* O 50 Core Gold V 78 Core Gold* O 118 Core Lithium* O 35 V 69 Cornerstone Ca O 10 Cornerstone Ca* Coro Mining T 536 30 O Corsa Coal * Corsa Coal V 65 Corsurex Res C 132 Corvus Gold T 723 Corvus Gold* O 204 CR Capital V 44 Crest Resource C 95 Crestview Expl C 3250 Critical Elem* O 347 Critical Elem V 481 V 149 CROPS Crown Mining V 105 Cruz Cobalt C 337 Cruz Cobalt* O 346 Crystal Lake* O 144 Crystal Lake V 835 Crystal Peak V 134 Crystal Peak* O 629 CTGX Mining* O 0 123 Currie Rose Rs V 100 V CWN Mâ&#x20AC;&#x2122;g Acq Cypress Dev V 241 Cypress Dev* O 32

0.03 0.03 - 0.00 0.06 0.04 0.03 0.05 unch 0.00 0.31 0.14 0.14 0.00 0.21 0.25 - 0.01 0.62 0.28 0.24 0.03 0.04 - 0.01 0.13 0.05 0.04 0.02 0.03 - 0.01 0.10 0.04 0.03 0.09 0.16 + 0.04 0.20 0.17 0.11 0.06 0.12 + 0.04 0.15 0.12 0.07 2.75 unch 0.00 3.60 3.15 3.15 3.15 0.05 0.07 + 0.01 0.11 0.07 0.00 0.04 0.04 + 0.00 0.08 0.04 0.00 0.11 0.12 - 0.01 0.90 0.13 0.11 0.07 0.09 + 0.01 0.68 0.09 0.08 0.10 0.18 + 0.04 0.50 0.18 0.00 0.14 0.25 + 0.01 0.65 0.27 0.24 0.15 0.48 + 0.07 1.39 0.50 0.39 0.02 0.02 + 0.01 0.04 0.03 0.02 0.03 0.01 0.01 0.02 + 0.01 0.02 0.30 0.49 - 0.02 0.70 0.52 0.49 0.04 0.06 + 0.02 0.08 0.07 0.04 0.02 0.04 + 0.02 0.06 0.04 0.03 0.09 0.27 + 0.03 0.34 0.32 0.27 0.21 0.29 + 0.05 0.74 0.29 0.00 0.12 unch 0.00 0.48 0.18 0.19 0.16 0.09 0.11 - 0.03 0.35 0.12 0.11 0.01 0.03 + 0.01 0.04 0.03 0.03 0.02 0.03 + 0.01 0.06 0.03 0.02 - 0.07 18.15 4.50 4.50 5.20 5.80 - 0.26 34.61 3.35 4.65 5.23 6.28 9.04 10.63 + 1.36 10.94 4.26 10.94 0.09 0.11 - 0.02 0.57 0.17 0.11 0.12 0.15 - 0.04 0.72 0.17 0.00 0.00 0.10 + 0.10 1.00 1.00 0.07 0.08 0.14 + 0.03 0.30 0.22 0.11 0.05 unch 0.00 0.24 0.05 0.00 0.00 0.11 0.01 0.06 0.06 + 0.01 0.06 0.08 0.03 0.00 0.04 + 0.00 0.05 0.02 0.01 0.02 0.02 unch 0.00 0.02 1.16 0.28 - 0.03 0.43 0.44 0.53 0.81 0.19 0.31 0.32 + 0.00 0.39 0.05 0.01 0.00 0.01 unch 0.00 0.00 0.07 0.01 0.00 0.02 + 0.01 0.02 0.68 0.07 - 0.14 0.00 0.40 0.55 0.05 0.47 - 0.20 1.00 0.70 0.42 0.52 0.13 0.00 0.19 + 0.04 0.21 0.35 0.07 0.14 0.14 unch 0.00 0.14 0.02 0.03 + 0.01 0.05 0.03 0.03 0.03 0.05 + 0.01 0.06 0.05 0.04 0.44 0.18 0.36 0.38 + 0.03 0.39 0.26 0.54 + 0.05 0.57 0.54 0.50 0.04 0.08 + 0.01 0.14 0.08 0.07 0.03 0.06 + 0.00 0.10 0.06 0.00 0.08 0.11 - 0.01 0.34 0.12 0.11 0.06 0.07 + 0.00 0.26 0.09 0.07 0.02 0.14 + 0.00 0.21 0.14 0.04 1.36 2.10 + 0.30 7.50 2.76 1.66 0.10 1.48 + 0.07 3.61 1.48 1.30 0.04 unch 0.00 0.11 0.05 0.06 0.05 0.66 0.08 0.09 0.16 + 0.05 0.16 0.12 0.22 + 0.09 0.85 0.24 0.13 0.02 0.05 + 0.02 0.08 0.05 0.03 0.99 1.76 + 0.14 2.69 1.96 1.65 0.72 1.26 + 0.10 2.04 1.39 1.19 0.02 0.03 - 0.01 0.07 0.04 0.03 0.04 0.04 - 0.01 0.16 0.04 0.04 0.40 0.92 - 0.13 2.60 1.44 0.86 0.16 0.21 + 0.01 0.48 0.21 0.20 0.17 0.27 + 0.01 0.63 0.32 0.26 0.01 0.02 + 0.01 0.04 0.02 0.01 0.02 unch 0.00 0.09 0.03 0.03 0.03 0.03 unch 0.00 0.06 0.04 0.04 0.03 0.01 0.02 - 0.00 0.05 0.03 0.02 0.04 0.06 + 0.01 0.32 0.06 0.05 0.05 unch 0.00 0.42 0.08 0.09 0.08 0.01 0.02 0.19 + 0.06 0.06 0.04 0.01 0.03 + 0.01 0.14 0.03 0.03 0.00 unch 0.00 0.12 0.00 0.00 0.00 0.08 0.02 0.02 0.04 + 0.02 0.04 0.15 0.03 0.00 0.15 + 0.08 0.15 0.11 unch 0.00 0.26 0.17 0.18 0.16 0.08 0.12 - 0.01 0.19 0.14 0.12

Dajin Lithium* O 147 Dajin Res V 91 209 Dakota Ter Res* O Damara Gold V 24 Danakali* O 75 Debut Dmds C 16 Decade Res V 849 Decade Res* O 2300 O 0 Deep-South Res* V 174 Deep-South Res DeepRock Min C 450 O 138 Defense Metals* Defense Metals V 395 Defiance Silvr V 1213 Defiance Silvr* O 1211 Delrand Res V 256 Denison Mines T 5712 X 9505 Denison Mines* Desert Gold* O 1 Desert Gold V 361 94 Desert Mtn Egy V Diamante Min* O 1230 Diamcor Mng V 67 Diamcor Mng* O 75 Diamond Disc* O 888 V 34 Diamond Fields O 0 Diamond Fields* V 297 Dios Expl O 125 Discovery Harb* Discovery Harb V 941 Discovery Met* O 748 Discovery Met V 1026 25706 Discovery Min* O V 115 Discovery-Corp District Cop V 497 Ditem Explor* O 13 Diversified Rs* O 5 Dixie Gold V 83 DNI Metals* O 15 Dolat Ventures* O 32 733 O Dolly Vard Sil* 971 V Dolly Vard Sil Dore Copper V 33 V 726 Doubleview Cap DRDGOLD* N 5426 4542 Dundee Prec Mt T Durango Res* O 58 Durango Res V 120 Duro Metals V 5 DV Resources* O 2 DV Resources V 50 199 Dynacor Gld Mn T 45 Dynacor Gld Mn* O O 1 DynaResource* Dynasty Gold V 101 Dynasty Gold* O 32 E3 Metals V 130 E3 Metals* O 1 Eagle Graphite V 433 O 8 Eagle Graphite* Eagle Plains V 79 107 V East Africa 1499 East Asia Mnls V 319 East Asia Mnls* O Eastern Platin T 37 Eastern Platin* O 10 Eastern Zinc C 508 Eastfield Res V 210 Eastfield Res* O 5 Eastmain Res T 3045 Eastmain Res* O 473 Eclipse Gold* O 103 Eclipse Gold V 508 0 C Eco Oro Mnls 50 O Eco Oro Mnls* 745 El Capitan Prc* O 128 V El Nino Vent 229 Elcora Adv Mat V Elcora Res* O 140 Eldorado Gold* N 19129 Eldorado Gold T 7388 Eloro Res* O 8 Eloro Res V 57

0.01 0.02 + 0.00 0.05 0.02 0.02 0.02 unch 0.00 0.06 0.03 0.03 0.02 0.26 0.02 0.14 0.19 + 0.01 0.19 0.03 unch 0.00 0.06 0.03 0.03 0.03 0.16 0.25 - 0.00 0.58 0.26 0.22 0.07 0.09 + 0.02 0.25 0.10 0.07 0.01 0.03 + 0.01 0.05 0.03 0.02 0.00 unch 0.00 0.04 0.00 0.01 0.00 0.03 unch 0.00 0.07 0.03 0.00 0.00 0.03 0.06 + 0.01 0.15 0.06 0.05 0.01 unch 0.00 0.10 0.02 0.02 0.02 0.03 0.08 + 0.00 0.24 0.10 0.07 0.06 unch 0.00 0.23 0.12 0.14 0.11 0.06 0.17 + 0.03 0.37 0.19 0.13 0.03 0.12 + 0.01 0.32 0.14 0.09 0.20 0.29 - 0.01 0.65 0.30 0.25 0.24 0.51 + 0.08 0.73 0.52 0.38 0.19 0.37 + 0.08 0.55 0.37 0.27 0.05 unch 0.00 0.31 0.07 0.07 0.07 0.05 0.09 - 0.01 0.26 0.11 0.09 0.31 0.14 0.16 0.19 + 0.03 0.20 0.01 0.01 - 0.00 0.07 0.02 0.01 0.08 0.11 + 0.02 0.20 0.11 0.08 0.05 unch 0.00 0.15 0.06 0.06 0.06 0.00 0.00 + 0.00 0.00 0.00 0.00 0.09 0.11 + 0.02 0.25 0.12 0.00 0.00 unch 0.00 0.16 0.04 0.00 0.00 0.03 0.08 - 0.01 0.17 0.09 0.00 0.02 0.04 + 0.00 0.14 0.04 0.04 0.03 0.06 + 0.01 0.18 0.07 0.05 0.13 0.32 + 0.05 0.56 0.39 0.28 0.20 0.45 + 0.07 0.74 0.54 0.40 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.05 unch 0.00 0.15 0.08 0.08 0.08 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.07 unch 0.00 0.24 0.12 0.15 0.11 0.00 unch 0.00 0.09 0.02 0.02 0.00 0.04 0.04 - 0.00 0.93 0.06 0.04 0.35 0.12 0.19 0.21 + 0.02 0.24 0.47 0.17 0.27 0.29 + 0.03 0.33 0.45 0.55 + 0.05 1.65 0.56 0.50 0.04 0.06 - 0.01 0.15 0.07 0.06 1.64 8.21 + 0.83 9.69 9.69 7.30 6.74 3.20 5.31 5.78 + 0.05 6.74 0.03 unch 0.00 0.06 0.03 0.03 0.00 0.04 0.05 + 0.01 0.08 0.05 0.04 0.11 unch 0.00 0.14 0.13 0.13 0.13 0.03 unch 0.00 0.11 0.04 0.04 0.04 0.04 unch 0.00 0.12 0.06 0.06 0.06 2.00 0.99 1.46 1.55 + 0.09 1.72 1.60 0.70 1.07 1.11 + 0.12 1.18 0.24 0.51 - 0.00 1.22 0.51 0.00 0.04 0.05 - 0.01 0.13 0.06 0.00 0.03 0.04 - 0.01 0.08 0.05 0.03 0.19 0.29 - 0.03 0.60 0.32 0.29 0.11 0.23 + 0.02 0.41 0.23 0.00 0.02 0.03 + 0.01 0.08 0.03 0.00 0.01 unch 0.00 0.06 0.02 0.02 0.00 0.07 0.10 + 0.01 0.12 0.10 0.10 0.26 0.08 - 0.01 0.11 0.11 0.12 0.13 0.02 0.03 0.05 + 0.01 0.05 0.09 0.02 0.00 0.04 + 0.01 0.04 0.18 0.28 + 0.02 0.72 0.29 0.27 0.12 0.20 + 0.01 0.44 0.20 0.18 0.02 0.06 + 0.03 0.20 0.06 0.04 0.03 0.03 + 0.01 0.06 0.03 0.00 0.02 0.00 0.05 unch 0.02 0.02 0.00 0.06 0.09 + 0.02 0.22 0.10 0.08 0.04 0.06 + 0.01 0.16 0.06 0.05 0.31 0.62 + 0.07 0.67 0.64 0.56 0.40 0.85 + 0.05 0.90 0.88 0.77 0.16 0.03 0.00 0.05 unch 0.00 0.00 0.10 0.02 0.03 0.03 unch 0.00 0.03 0.04 0.01 - 0.00 0.01 0.01 0.01 0.05 0.02 0.03 0.03 unch 0.00 0.03 0.10 0.02 - 0.01 0.02 0.02 0.03 0.01 0.02 - 0.00 0.07 0.02 0.01 7.51 8.31 + 0.57 11.29 3.05 9.51 4.10 11.73 + 0.92 14.99 13.20 10.49 0.13 0.20 + 0.02 0.35 0.20 0.00 0.15 0.24 + 0.02 0.46 0.28 0.24

D-F

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / APRIL 27â&#x20AC;&#x201C;MAY 10, 2020

Week

12-month

Exc Volume High Low Last Change High Low

Ely Gold Royal V 1321 0.86 0.70 0.75 + 0.05 1.02 0.15 Ely Gold Royal* O 1130 0.62 0.51 0.54 + 0.01 0.78 0.11 Elysee Dev * O 49 0.23 0.00 0.23 + 0.01 0.30 0.19 Elysee Dev V 106 0.32 0.30 0.32 + 0.02 0.41 0.28 Emerita Res V 190 0.04 0.04 0.04 unch 0.00 0.17 0.02 Emgold Mining* O 48 0.04 0.03 0.03 + 0.00 0.14 0.03 Emgold Mining V 314 0.06 0.04 0.05 + 0.01 0.20 0.03 Empress Res* O 751 0.01 0.01 0.01 unch 0.00 0.02 0.01 Empress Res V 2172 0.03 0.02 0.03 + 0.01 0.06 0.01 EMX Royalty V 80 2.60 2.12 2.39 + 0.19 2.77 1.45 EMX Royalty* X 1188 1.90 1.50 1.71 + 0.15 2.12 1.08 Encanto Potash* O 60 0.03 0.01 0.02 + 0.00 0.11 0.01 Encanto Potash V 57 0.04 0.03 0.03 - 0.01 0.15 0.01 EnCore Energy V 1984 0.18 0.16 0.16 - 0.01 0.22 0.08 Endeavour Mng T 3823 26.88 22.61 24.17 + 0.65 29.18 15.68 Endeavour Mng* O 46 19.25 16.36 17.05 + 0.11 21.86 11.02 Endeavr Silver* N 14680 1.82 1.36 1.54 + 0.11 3.20 0.99 Endeavr Silver T 3071 2.51 1.90 2.13 + 0.12 4.26 1.30 Endurance Gold V 161 0.06 0.04 0.06 + 0.01 0.07 0.03 Energy Fuels* X 10431 1.73 1.24 1.59 + 0.30 3.32 0.78 Energy Fuels T 2673 2.44 1.72 2.21 + 0.40 4.38 1.10 Engineer Gold V 46 0.05 0.03 0.05 - 0.01 0.14 0.03 Engold Mines V 386 0.06 0.04 0.05 + 0.01 0.11 0.02 Engold Mines* O 203 0.03 0.02 0.03 - 0.00 0.08 0.02 Ensurge* O 0 0.00 0.00 0.02 unch 0.00 0.06 0.01 Entree Res* O 127 0.25 0.20 0.22 + 0.02 0.37 0.05 Entree Res T 179 0.35 0.28 0.30 + 0.01 0.48 0.22 Equinox Gold T 12685 11.18 9.87 10.26 - 0.68 13.52 4.90 Equinox Gold* X 30475 8.05 7.07 7.40 - 0.38 10.30 4.63 Equitorial Ex V 1264 0.02 0.01 0.01 unch 0.00 0.06 0.01 Equity Metals* O 44 0.04 0.03 0.03 - 0.00 0.08 0.03 Equity Metals V 105 0.06 0.05 0.05 + 0.01 0.11 0.04 Erdene Res Dev* O 234 0.18 0.12 0.17 + 0.05 0.24 0.09 Erdene Res Dev T 946 0.25 0.18 0.22 + 0.05 0.32 0.13 Erin Ventures* O 3 0.03 0.03 0.03 - 0.00 0.08 0.02 Erin Ventures V 63 0.05 0.04 0.05 + 0.01 0.10 0.03 Ero Copper T 947 13.71 11.44 13.68 + 1.40 25.69 8.40 Ero Copper* O 9 9.74 8.54 9.74 + 0.93 19.20 5.92 Eros Res Corp* O 6 0.08 0.07 0.07 + 0.01 0.09 0.03 Eros Res Corp V 102 0.10 0.09 0.10 + 0.01 0.12 0.05 Eros Res Corp V 102 0.10 0.09 0.10 + 0.01 0.12 0.05 Eskay Mng* O 66 0.14 0.09 0.12 - 0.01 0.27 0.04 Eskay Mng V 178 0.19 0.14 0.16 unch 0.00 0.38 0.07 Essex Minerals V 141 0.40 0.30 0.40 + 0.04 0.40 0.10 Ethos Gold* O 130 0.10 0.08 0.09 - 0.00 0.24 0.05 Ethos Gold V 197 0.13 0.00 0.12 + 0.01 0.32 0.08 Etruscus Res C 19 0.22 0.00 0.15 - 0.04 0.50 0.12 Euro Manganese V 62 0.10 0.09 0.10 unch 0.00 0.23 0.09 Euro Sun Mg* O 316 0.19 0.14 0.17 - 0.00 0.60 0.02 Euro Sun Mg T 1012 0.27 0.24 0.25 unch 0.00 0.83 0.14 EurOmax Res* O 25 0.02 0.02 0.02 + 0.01 0.14 0.01 EurOmax Res T 210 0.05 0.02 0.04 + 0.02 0.17 0.02 European Elect* O 245 0.01 0.01 0.01 + 0.00 0.07 0.00 European Elect V 205 0.02 0.00 0.02 + 0.01 0.09 0.01 European Metal* O 0 0.00 0.00 0.03 unch 0.00 1.00 0.00 Eurotin V 40 0.01 0.01 0.01 unch 0.00 0.04 0.01 Evergold V 373 0.38 0.31 0.33 + 0.03 0.38 0.17 Evergold* O 11 0.24 0.23 0.23 + 0.00 0.29 0.15 EVI Global Grp C 1165 0.11 0.08 0.10 + 0.02 1.59 0.05 Evolving Gold C 42 0.04 0.00 0.04 + 0.03 0.07 0.01 Evolving Gold* O 6 0.03 0.01 0.01 - 0.02 0.06 0.00 Evrim Res V 313 0.31 0.27 0.28 + 0.02 0.40 0.19 Excellon Res* O 324 0.49 0.40 0.43 + 0.01 1.15 0.19 Excellon Res T 688 0.67 0.56 0.58 unch 0.00 1.51 0.31 Excelsior Mng* O 255 0.48 0.39 0.42 + 0.01 0.94 0.30 Excelsior Mng T 467 0.63 0.55 0.58 + 0.02 1.23 0.42 ExGen Res Inc V 444 0.01 0.01 0.01 unch 0.00 0.02 0.01 ExGen Res Inc* O 7 0.01 0.01 0.01 unch 0.00 0.01 0.00 Explorex Res* O 92 0.00 0.00 0.00 unch 0.00 0.20 0.00 Fabled Copper V 17 0.04 0.04 0.04 - 0.01 0.08 0.02 Falco Res V 4350 0.31 0.21 0.26 + 0.06 0.36 0.17 Falco Res * O 272 0.22 0.16 0.19 + 0.04 0.28 0.10 Falcon Gold V 8090 0.06 0.04 0.06 + 0.02 0.06 0.02 Fancamp Expl V 214 0.04 0.00 0.04 unch 0.00 0.11 0.03 Far Res C 312 0.03 0.02 0.03 unch 0.00 0.12 0.02 Far Res* O 44 0.02 0.01 0.02 + 0.00 0.08 0.01 Fidelity Min* O 5 0.02 0.02 0.02 unch 0.00 0.22 0.02 Fidelity Min V 216 0.03 0.03 0.03 + 0.01 0.30 0.02 Fieldex Expl V 1046 0.11 0.08 0.10 + 0.03 0.11 0.04 Filo Mg Corp V 60 1.29 1.06 1.29 + 0.23 3.25 1.00 Filo Mg Corp * O 19 0.91 0.00 0.91 + 0.13 2.31 0.77 Finlay Minrls V 335 0.04 0.04 0.04 unch 0.00 0.07 0.02 Fiore Gold* O 533 0.46 0.38 0.43 + 0.03 0.51 0.18 Fiore Gold V 1305 0.64 0.53 0.62 + 0.07 0.67 0.26 Fire River Gol* O 13 0.05 0.00 0.05 + 0.01 0.38 0.00 FireFox Gold V 115 0.07 0.06 0.06 unch 0.00 0.23 0.04 Firestone Vent V 110 0.04 0.04 0.04 unch 0.00 0.07 0.03 Fireweed Zinc V 111 0.45 0.36 0.40 + 0.02 0.72 0.31 Fireweed Zinc* O 23 0.29 0.27 0.29 + 0.03 0.54 0.21 Firma Holdings* O 304 0.01 0.00 0.00 - 0.00 0.02 0.00 First Cobalt * O 2218 0.11 0.07 0.10 + 0.03 0.15 0.05 First Cobalt V 2638 0.15 0.10 0.15 + 0.04 0.20 0.08 First Energy* O 0 0.00 0.00 0.05 unch 0.00 0.16 0.02 First Energy C 22 0.10 0.00 0.10 + 0.03 0.20 0.04 First Majestic T 6003 11.79 9.32 9.76 - 0.10 16.50 5.30 First Majestic* N 27960 8.50 6.66 6.97 - 0.10 12.69 4.17 First Mexican V 137 0.17 0.09 0.14 + 0.04 0.17 0.04 First Mexican* O 4 0.09 0.09 0.09 unch 0.00 0.09 0.01 First Mg Fin * O 3271 0.18 0.14 0.16 + 0.01 0.27 0.09 First Mg Fin T 3728 0.26 0.20 0.22 + 0.02 0.34 0.12 First Point* O 67 0.12 0.10 0.11 - 0.00 0.16 0.08 First Quantum T 15694 7.83 6.83 7.14 - 0.18 16.35 4.71 First Vanadium V 237 0.20 0.17 0.20 + 0.04 0.60 0.13 First Vanadium* O 279 0.15 0.11 0.15 + 0.02 0.45 0.08 Fission 3.0 V 2833 0.07 0.06 0.07 + 0.01 0.12 0.03 Fission 3.0* O 258 0.05 0.04 0.05 + 0.00 0.09 0.02 Fission Uran* O 3932 0.24 0.14 0.19 + 0.04 0.41 0.07 Fission Uran T 10694 0.34 0.19 0.28 + 0.07 0.55 0.10 Five Star Diam* O 17 0.02 0.02 0.02 - 0.02 0.04 0.02 Five Star Diam V 421 0.03 0.02 0.02 unch 0.00 0.06 0.01 Fjordland Exp* O 56 0.05 0.03 0.03 - 0.02 0.07 0.02 Fjordland Exp V 105 0.04 0.03 0.04 + 0.01 0.09 0.03 Focus Graphite* O 584 0.02 0.01 0.01 - 0.01 0.03 0.01 Focus Graphite V 518 0.02 0.02 0.02 unch 0.00 0.04 0.01 Foran Mng V 227 0.14 0.12 0.12 - 0.01 0.35 0.08 Forsys Metals T 217 0.21 0.14 0.21 + 0.07 0.27 0.06 Fort St J Nick V 0 0.00 0.00 0.11 unch 0.00 0.25 0.08 Fortescue Met* O 19 7.35 7.11 7.17 + 0.10 8.89 4.61 Fortuna Silvr T 5061 4.14 3.21 3.32 - 0.06 6.12 2.05 Fortuna Silvr* N 18831 2.99 2.29 2.36 - 0.06 4.59 1.47 Fortune Bay V 2022 0.62 0.42 0.54 + 0.06 0.62 0.22 Fortune Bay* O 9 0.44 0.30 0.38 + 0.07 0.45 0.14 Fortune Mnrls* O 293 0.05 0.03 0.04 - 0.01 0.09 0.03 Fortune Mnrls T 3912 0.06 0.05 0.05 - 0.01 0.11 0.04 Forum Energy V 1292 0.09 0.07 0.08 + 0.01 0.11 0.03 Forum Energy* O 328 0.07 0.05 0.05 + 0.00 0.08 0.02 Fosterville V 11856 1.37 0.91 1.20 + 0.12 1.37 0.91 Four Nines C 73 0.11 0.10 0.10 unch 0.00 0.20 0.10 Fox River Res C 198 0.06 0.00 0.06 unch 0.00 0.12 0.04 Fox River Res* O 1 0.04 0.04 0.04 unch 0.00 0.07 0.03 FPX Nickel V 118 0.16 0.15 0.16 + 0.01 0.23 0.10 Franco-Nevada* N 7660 127.85 112.52 124.48 + 10.79 127.85 69.16 Franco-Nevada T 3571 177.45 157.44 173.85 + 14.70 177.45 93.24 Franklin Mng* O 681 0.00 0.00 0.00 + 0.00 0.10 0.00 Freegold Vent T 836 0.10 0.07 0.08 + 0.01 0.12 0.04 Freeport McMoR* N 131189 8.67 7.39 8.34 + 0.15 13.91 4.82 Freeport Res V 21 0.03 0.00 0.02 - 0.01 0.15 0.02 Fremont Gold V 268 0.08 0.00 0.08 unch 0.00 0.12 0.04 Fremont Gold* O 31 0.05 0.05 0.05 - 0.00 0.12 0.03 Fresnillo plc* O 74 9.80 8.30 8.72 - 0.28 11.43 5.53 Frontier Lith V 167 0.19 0.17 0.18 - 0.01 0.37 0.14 Frontline Gold V 78 0.01 0.01 0.01 unch 0.00 0.02 0.01 Fura Gems V 422 0.11 0.09 0.11 + 0.01 0.29 0.05 Fura Gems* O 646 0.08 0.00 0.08 + 0.01 0.22 0.05 Fuse Cobalt* O 17 0.07 0.06 0.07 + 0.00 0.09 0.01 Fuse Cobalt V 37 0.09 0.09 0.09 - 0.01 0.20 0.03

G-H G2 Goldfields* O 17 G2 Goldfields V 938 Gabriel Res V 1682 Gabriel Res* O 199 Gaia Metals* O 10 Gaia Metals V 660 Gainey Capital V 821 Galane Gold * O 156 Galane Gold V 1399 Galantas Gold* O 308 Galantas Gold V 351 Galleon Gold* O 122 Galore Res V 460 Galway Gold * O 5 Galway Gold V 45 Galway Mtls* O 195 Galway Mtls V 887 Gambier Gold V 63 Gambier Gold* O 9 Garibaldi Res * O 137 Garibaldi Res V 681 Gatling Explor V 722 Gatling Explor* O 168 General Moly* X 2316

0.32 0.21 0.32 + 0.11 0.26 0.13 0.46 0.37 0.46 + 0.05 0.46 0.14 0.60 0.50 0.55 + 0.01 0.71 0.38 0.44 0.35 0.37 + 0.04 0.54 0.26 0.03 0.03 0.03 unch 0.00 0.66 0.03 0.08 0.00 0.07 + 0.02 0.90 0.03 0.04 0.03 0.04 unch 0.00 0.16 0.02 0.07 0.06 0.07 + 0.01 0.10 0.03 0.10 0.08 0.09 + 0.01 0.13 0.04 0.22 0.01 0.22 - 0.05 0.69 0.02 8.50 0.00 8.00 + 7.70 9.50 0.10 0.05 0.03 0.05 + 0.02 0.08 0.01 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.08 0.07 0.08 + 0.01 0.10 0.00 0.11 0.10 0.11 + 0.02 0.14 0.07 0.26 0.22 0.25 + 0.03 0.34 0.20 0.36 0.31 0.34 + 0.03 0.46 0.27 0.04 0.00 0.04 + 0.01 0.15 0.02 0.03 0.03 0.03 unch 0.00 0.03 0.03 0.53 0.44 0.49 - 0.01 1.70 0.26 0.74 0.62 0.67 + 0.01 2.25 0.37 0.31 0.27 0.29 - 0.01 0.71 0.25 0.22 0.18 0.21 - 0.00 0.54 0.17 0.21 0.16 0.20 + 0.04 0.45 0.14

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

General Moly T 65 Generation Min* O 150 Generation Min C 620 Generic Gold C 0 Genesis Mtls* O 10 Genesis Mtls V 768 Genius Metals C 75 Gensource Pot V 428 Geomega Res V 1658 Geomega Res* O 37 Gespeg Res V 99 Getchell Gold * O 592 Getchell Gold C 624 Getty Copper V 14 GFG Resources V 2917 GFG Resources* O 348 GFM Res V 30 GGL Res V 5 GGL Res* O 0 GGX Gold V 16 Giga Metals* O 113 Giga Metals V 259 Gitennes Expl V 13 Gitennes Expl * O 5 Giyani Gold* O 19 Giyani Gold V 43 Glacier Lake V 6 Gldn Predator* O 256 Gldn Predator V 961 Glen Eagle Res V 135 Glen Eagle Res* O 50 Glencore Plc * O 551 Glencore Plc* O 1886 Global Atomic* O 496 Global Atomic T 1549 Global Battery V 278 Global Battery* O 0 Global Energy* O 10 Global Energy V 1634 Global Gold* O 2 Global Li-Ion C 94 Global Li-Ion* O 51 Global Vanad* O 1 Globex Mng* O 88 Globex Mng T 242 GMV Minerals* O 120 GMV Minerals V 90 GNCC Capital* O 34165 Go Cobalt* O 12 Go Cobalt C 56 GobiMin V 69 GoGold Res T 1738 Gold Fields* N 50500 Gold Finder Ex V 8927 Gold Finder Ex* O 93 Gold Lion Res C 183 Gold Reserve V 58 Gold Reserve* O 276 Gold Resource* X 7734 Gold Rush Cari V 97 Gold Std Vents T 2438 Gold Std Vents* X 7520 Gold X Mining V 701 Goldbank Mng* O 2 Goldbank Mng V 32 Goldcliff Res* O 181 Goldcliff Res V 314 Golden Arrow V 544 Golden Arrow* O 427 Golden Birch C 400 Golden Dawn Ml V 91 Golden Dawn Ml* O 15 Golden Goliath* O 221 Golden Goliath V 854 Golden Harp* O 66 Golden Harp V 34 Golden Hope V 96 Golden Hope* O 3 Golden Lake C 618 Golden Mnls T 356 Golden Mnls* X 4085 Golden Opp Res C 267 Golden Pursuit V 681 Golden Pursuit* O 0 Golden Ridge V 1471 Golden Secret V 78 Golden Share V 28 Golden Star* X 10302 Golden Star T 398 Golden Sun* O 10 Golden Tag V 445 Golden Valley* O 121 Golden Valley V 397 Goldex Res* O 7 Goldex Res V 69 Goldgroup Mng* O 239 Goldgroup Mng T 393 GoldMining* O 1772 GoldMining T 2892 GoldON Res V 262 GoldON Res* O 17 GoldQuest Mng V 754 Goldrea Res C 770 Goldrea Res* O 26 Goldrich Mng* O 174 Goldseek Res C 11 Goldsource Min V 8882 Goldsource Min* O 2925 Goldstar Mnls V 330 Goldstrike Res* O 7 Goldstrike Res V 46 Goliath Res V 470 Goliath Res* O 3 Gossan Res V 150 GoviEx Uranium* O 2518 GoviEx Uranium V 7360 Gowest Gold* O 20 Gowest Gold V 235 GPM Metals* O 0 GPM Metals V 488 GR Silver* O 391 GR Silver V 1815 Gran Colombia* O 650 Gran Colombia T 2966 Granada Gold V 1130 Granada Gold* O 934 Grande Portage V 507 Grande Portage* O 475 Granite Creek V 100 Graphite Egy* O 0 Graphite One* O 68 Graphite One V 91 Gratomic* O 42 Gratomic V 153 Great Atlantic V 12 Great Bear Res V 810 Great Bear Res* O 236 Great Lakes Gr* O 1 Great Panther T 2813 Great Panther* X 14636 Great Thunder V 157 Great Thunder* O 0 Greatbanks Re V 86 Green River C 525 Green Swan Cap V 240 Green Valley M V 55 Greencastle Rs V 103 Greenland M&En* O 397 Greenshield Ex V 1 Grenville Gold C 1 Grid Metals* O 30 Grid Metals V 87 Grizzly Discvr* O 0 Grizzly Discvr V 199 Grosvenor Res V 4 Group Eleven V 43 Group Ten Mtls* O 938 Group Ten Mtls V 1387 GrowMax Res* O 13 GSP Resource V 167 GT Gold V 869 GT Gold * O 10 Gungnir Res* O 105 Gungnir Res V 441 Gunpoint Expl V 5 Guyana Gldflds T 2407 Guyana Goldstr V 3280 Guyana Goldstr* O 39 Handa Mining V 29 Handeni Gold* O 21 Hanna Capital V 15 Hannan Metals V 400

0.27 0.22 0.27 + 0.05 0.59 0.22 0.26 0.21 0.25 + 0.04 0.62 0.15 0.36 0.30 0.35 + 0.06 0.75 0.19 0.00 0.00 0.02 unch 0.00 0.09 0.02 0.22 0.17 0.22 + 0.05 0.33 0.10 0.27 0.23 0.24 - 0.01 0.49 0.15 0.17 0.15 0.16 - 0.01 0.22 0.14 0.09 0.08 0.09 + 0.01 0.16 0.07 0.18 0.13 0.17 + 0.04 0.23 0.09 0.13 0.10 0.12 + 0.04 0.17 0.06 0.07 0.05 0.05 + 0.01 0.18 0.03 0.20 0.15 0.16 - 0.00 0.20 0.05 0.27 0.21 0.22 + 0.01 0.27 0.06 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.19 0.17 0.18 + 0.02 0.44 0.07 0.14 0.11 0.12 + 0.00 0.32 0.05 0.08 0.08 0.08 unch 0.00 0.08 0.05 0.07 0.07 0.07 unch 0.00 0.17 0.03 0.00 0.00 0.02 unch 0.00 0.10 0.02 0.07 0.06 0.06 - 0.01 0.33 0.05 0.15 0.13 0.15 + 0.00 0.40 0.09 0.23 0.19 0.19 - 0.01 0.53 0.13 0.01 0.00 0.01 unch 0.00 0.06 0.01 0.00 0.00 0.00 unch 0.00 0.04 0.00 0.09 0.07 0.09 - 0.00 0.26 0.04 0.12 0.11 0.11 - 0.01 0.35 0.04 0.11 0.00 0.11 - 0.04 0.25 0.05 0.22 0.15 0.20 + 0.05 0.38 0.11 0.31 0.22 0.27 + 0.06 0.50 0.15 0.11 0.09 0.11 + 0.03 0.14 0.07 0.07 0.07 0.07 - 0.00 0.10 0.05 1.89 1.63 1.76 - 0.06 4.45 1.29 3.65 3.20 3.49 - 0.08 8.79 2.51 0.40 0.31 0.39 + 0.06 0.42 0.18 0.56 0.43 0.54 + 0.10 0.56 0.23 0.10 0.05 0.10 + 0.04 0.22 0.02 0.00 0.00 0.05 unch 0.00 0.14 0.03 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.05 0.01 0.02 + 0.01 0.10 0.01 1.00 0.00 1.00 unch 0.00 1.60 0.69 0.08 0.06 0.08 + 0.01 0.20 0.03 0.06 0.04 0.06 + 0.01 0.15 0.03 0.15 0.15 0.15 + 0.08 0.15 0.07 0.23 0.21 0.23 + 0.02 0.31 0.19 0.34 0.30 0.33 + 0.03 0.41 0.26 0.09 0.06 0.09 + 0.04 0.17 0.05 0.12 0.09 0.10 + 0.01 0.25 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.02 0.00 0.02 + 0.01 0.17 0.01 0.04 0.00 0.03 + 0.01 0.15 0.02 0.25 0.21 0.21 - 0.05 0.45 0.20 0.79 0.64 0.71 + 0.04 0.85 0.28 7.43 5.76 6.35 + 0.16 7.90 3.57 0.08 0.05 0.07 + 0.01 0.11 0.02 0.06 0.04 0.05 + 0.03 0.07 0.02 0.35 0.30 0.34 + 0.01 0.43 0.17 2.09 2.00 2.05 + 0.05 3.55 1.82 1.50 1.39 1.46 + 0.01 2.65 1.05 4.37 3.33 3.60 + 0.06 6.24 2.02 0.01 0.01 0.01 unch 0.00 0.14 0.01 0.90 0.74 0.81 + 0.06 1.62 0.46 0.66 0.51 0.58 + 0.05 1.21 0.27 2.27 1.85 2.01 + 0.09 3.56 0.75 0.07 0.00 0.07 - 0.07 0.14 0.07 0.10 0.09 0.09 - 0.01 0.19 0.09 0.10 0.09 0.09 - 0.01 0.14 0.05 0.14 0.11 0.11 - 0.03 0.18 0.08 0.15 0.12 0.13 + 0.01 0.31 0.09 0.11 0.08 0.09 + 0.00 0.24 0.06 0.26 0.18 0.22 + 0.04 0.26 0.06 0.07 0.00 0.07 + 0.02 0.38 0.06 0.05 0.04 0.05 unch 0.00 0.28 0.03 0.04 0.03 0.04 + 0.00 0.08 0.01 0.07 0.06 0.06 + 0.01 0.10 0.02 0.04 0.04 0.04 unch 0.00 0.04 0.03 0.10 0.09 0.09 - 0.01 0.18 0.04 0.14 0.00 0.14 + 0.06 0.28 0.05 0.08 0.00 0.08 + 0.02 0.18 0.04 0.10 0.08 0.09 - 0.02 0.20 0.07 0.46 0.36 0.39 + 0.03 0.49 0.20 0.33 0.25 0.27 + 0.01 0.37 0.13 0.14 0.10 0.12 + 0.02 0.17 0.10 0.23 0.17 0.23 + 0.03 0.23 0.04 0.00 0.00 0.04 unch 0.00 0.06 0.04 0.05 0.03 0.04 + 0.02 0.20 0.02 1.05 0.99 1.03 - 0.07 1.68 0.66 0.05 0.05 0.05 unch 0.00 0.16 0.03 2.98 2.17 2.19 - 0.32 4.97 1.85 4.13 3.05 3.15 - 0.29 6.48 2.56 0.00 0.00 0.00 - 0.00 0.01 0.00 0.06 0.00 0.06 + 0.02 0.10 0.03 0.37 0.31 0.32 - 0.02 0.47 0.23 0.51 0.44 0.44 - 0.02 0.62 0.31 0.07 0.00 0.07 + 0.00 0.10 0.05 0.10 0.08 0.09 - 0.02 0.14 0.07 0.02 0.01 0.02 + 0.00 0.06 0.01 0.03 0.02 0.03 - 0.01 0.08 0.02 1.17 0.95 0.99 + 0.01 1.60 0.56 1.62 1.33 1.40 + 0.01 2.05 0.75 0.46 0.33 0.41 + 0.10 1.15 0.20 0.33 0.32 0.32 + 0.12 0.82 0.14 0.16 0.11 0.15 + 0.05 0.23 0.09 0.02 0.02 0.02 + 0.01 0.11 0.02 0.02 0.01 0.02 - 0.00 0.07 0.01 0.01 0.01 0.01 + 0.00 0.03 0.01 0.24 0.17 0.24 - 0.06 0.30 0.07 0.16 0.11 0.14 + 0.02 0.23 0.06 0.11 0.07 0.09 + 0.01 0.16 0.03 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.16 0.13 0.14 - 0.02 0.23 0.00 0.22 0.17 0.22 + 0.04 0.90 0.12 0.15 0.00 0.13 + 0.01 2.18 0.12 0.08 0.08 0.08 unch 0.00 0.13 0.00 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.13 0.09 0.12 + 0.02 0.15 0.05 0.19 0.13 0.18 + 0.04 0.20 0.08 0.09 0.09 0.09 + 0.00 0.31 0.01 0.18 0.13 0.15 + 0.01 0.44 0.08 0.00 0.00 0.03 unch 0.00 0.07 0.02 0.05 0.04 0.04 + 0.01 0.10 0.03 0.20 0.15 0.18 + 0.04 0.21 0.07 0.28 0.20 0.25 + 0.04 0.28 0.10 4.40 3.37 4.12 + 0.72 5.62 2.10 6.13 4.68 5.79 + 1.06 7.47 2.88 0.14 0.10 0.11 unch 0.00 0.23 0.09 0.10 0.07 0.09 + 0.02 0.17 0.06 0.24 0.18 0.20 + 0.02 0.28 0.09 0.17 0.14 0.14 + 0.01 0.21 0.06 0.05 0.04 0.05 unch 0.00 0.20 0.03 0.00 0.00 0.03 unch 0.00 1.09 0.00 0.18 0.14 0.15 - 0.01 0.31 0.09 0.25 0.22 0.24 + 0.02 0.40 0.12 0.05 0.04 0.05 + 0.00 0.29 0.00 0.06 0.05 0.06 unch 0.00 0.35 0.03 0.50 0.42 0.42 + 0.02 0.80 0.30 8.10 6.66 7.83 + 0.94 9.57 2.20 5.80 4.78 5.60 + 0.60 7.23 1.63 0.00 0.00 0.00 unch 0.00 0.05 0.00 0.85 0.54 0.64 + 0.10 1.28 0.32 0.62 0.38 0.46 + 0.08 0.98 0.23 0.38 0.32 0.38 + 0.07 0.50 0.08 0.25 0.00 0.25 + 0.03 0.35 0.04 0.11 0.09 0.09 unch 0.00 0.11 0.06 0.08 0.06 0.08 unch 0.00 0.08 0.04 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.20 0.20 0.20 unch 0.00 0.20 0.05 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.08 0.06 0.07 - 0.00 0.12 0.04 0.14 0.00 0.14 unch 0.00 0.22 0.00 0.00 0.00 0.08 unch 0.00 0.25 0.06 0.09 0.09 0.09 - 0.00 0.18 0.05 0.15 0.12 0.12 - 0.02 0.24 0.08 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.05 0.04 0.04 unch 0.00 0.06 0.02 0.17 0.17 0.17 unch 0.00 0.17 0.08 0.04 0.03 0.04 + 0.01 0.10 0.02 0.14 0.11 0.12 + 0.01 0.28 0.01 0.20 0.15 0.17 + 0.02 0.38 0.12 0.02 0.02 0.02 unch 0.00 0.15 0.00 0.11 0.10 0.11 unch 0.00 0.44 0.08 1.35 1.15 1.22 + 0.03 1.49 0.66 0.92 0.00 0.87 + 0.02 1.14 0.50 0.03 0.02 0.03 + 0.00 0.11 0.02 0.04 0.03 0.04 unch 0.00 0.13 0.03 0.49 0.43 0.49 + 0.06 0.74 0.38 0.39 0.33 0.37 + 0.04 1.46 0.25 0.04 0.02 0.03 unch 0.00 0.19 0.02 0.02 0.01 0.02 + 0.01 0.16 0.01 0.04 0.00 0.04 + 0.02 0.05 0.02 0.03 0.00 0.03 + 0.00 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.11 0.02 0.21 0.18 0.21 + 0.03 0.28 0.05

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Hannan Metals* O 247 Happy Ck Mnrls V 437 Harfang Explor V 36 Harmony Gold* N 48747 Harte Gold T 1998 Harte Gold* O 190 Harvest Gold* O 6 Harvest Gold V 10 Hawkeye Gld&Di* O 10 Hawkeye Gld&Di V 1610 Heatherdale Rs V 139 Hecla Mining* N 63300 Hemcare Health* O 28 Highbank Res V 150 HighGold* O 109 HighGold V 404 Highland Copp* O 591 Highland Copp V 477 Highway 50 Gld V 200 Hinterland Mtl* O 0 Hochschild Mg* O 50 Honey Badger E V 875 Horizonte Mnls T 1020 Hornby Bay Mnl* O 23 Hornby Bay Mnl V 82 HudBay Min T 6398 HudBay Min* N 14477 Hudson Res V 249 Hudson Res* O 141 Hunt Mng* O 121 Hunt Mng V 1412 Hybrid Mineral V 160

0.16 0.12 0.15 + 0.02 0.22 0.04 0.08 0.07 0.08 + 0.01 0.16 0.06 0.15 0.00 0.15 unch 0.00 0.32 0.15 3.34 2.53 2.78 + 0.11 4.54 1.57 0.13 0.11 0.11 - 0.01 0.35 0.08 0.09 0.08 0.08 + 0.00 0.26 0.05 0.06 0.05 0.05 - 0.00 0.25 0.04 0.08 0.00 0.08 + 0.01 0.30 0.06 0.02 0.01 0.01 - 0.01 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.06 0.00 0.06 unch 0.00 0.24 0.06 2.50 1.97 2.17 + 0.07 3.51 1.21 1.55 0.60 1.54 + 0.22 1.92 0.52 0.01 0.01 0.01 - 0.01 0.03 0.01 0.77 0.64 0.66 + 0.05 1.45 0.42 1.06 0.85 0.95 + 0.07 1.89 0.57 0.02 0.02 0.02 + 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.09 0.08 0.09 + 0.01 0.22 0.06 0.00 0.00 0.00 unch 0.00 0.14 0.00 1.86 1.52 1.53 - 0.15 2.79 0.99 0.02 0.02 0.02 + 0.01 0.05 0.01 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.03 0.01 0.02 unch 0.00 0.06 0.01 0.05 0.05 0.05 unch 0.00 0.08 0.02 3.42 2.79 2.99 - 0.08 10.07 1.66 2.46 1.98 2.13 - 0.07 7.21 1.23 0.10 0.09 0.09 unch 0.00 0.45 0.07 0.08 0.06 0.06 - 0.01 0.38 0.04 0.05 0.02 0.04 - 0.00 0.10 0.00 0.06 0.04 0.04 - 0.01 0.14 0.04 0.03 0.02 0.03 + 0.01 0.08 0.01

I-Minerals* O 10 I-Minerals V 60 IAMGOLD T 15024 IAMGOLD* N 44087 Iconic Mnls * O 40 Iconic Mnls V 133 Idaho Champion C 1568 Idaho Champion* O 471 IEMR Res V 34 IM Exploration C 30 IMC Intl Mng C 4027 IMC Intl Mng* O 2302 iMetal Res V 814 iMetal Res* O 57 IMPACT Silver V 1913 Impala Platnm* O 0 Imperial Metal T 110 Imperial Metal* O 37 Imperial Mg Gr V 351 Inca One Gold* O 38 Inca One Gold V 54 Inception Mng * O 139 Independence G V 16 Independence G* O 46 Indigo Expl V 321 Infinite Ore* O 36 Infinite Ore V 151 Inform Res V 140 Inomin Mines V 17 Intact Gold V 164 Intact Gold* O 200 Integra Res* O 687 Integra Res V 867 Inter-Rock Mnl V 110 Intercontinent V 0 Intercontinent* O 0 Intl Battery* O 49 Intl Battery C 70 Intl Bethl Mng V 375 Intl Cobalt* O 18 Intl Cobalt C 1670 Intl Lithium* O 27 Intl Lithium V 146 Intl Millm Mng V 234 Intl Montoro* O 205 Intl Montoro V 446 Intl Prospect V 60 Intl Samuel Ex V 1 Intl Star* O 17254 Intl Tower Hil* X 1064 Intl Tower Hil T 187 Intl Zeolite V 325 Intrepid Pots* N 3546 INV Metals* O 3 INV Metals T 673 Inventus Mg * O 10 Inventus Mg V 68 InZinc Mining V 525 InZinc Mining* O 500 Irving Res* O 315 Irving Res C 342 IsoEnergy Ltd V 1888 Itafos* O 2 Itafos V 47 Itoco Inc* O 51 Ivanhoe Mines* O 839 Ivanhoe Mines T 5900 Jade Leader* O 56 Jade Leader V 180 Jaeger Res V 25 Jaguar Mng T 6678 Jaguar Mng* O 906 Japan Gold V 777 Japan Gold* O 176 Jasper Mining V 1 Jaxon Mining* O 11 Jaxon Mining V 43 Jayden Res V 42 JDF Explor Inc C 45 Jervois Mining* O 606 Jervois Mining V 1056 JNC Resources C 28 Josemaria Res* O 61 Josemaria Res T 76 Joshua Gold* O 50 Jourdan Res V 511 Jubilee Metals* O 30 Juggernaut Exp V 80 Juggernaut Exp* O 10 Jupiter Gold* O 1 K2 Gold V 131 K92 Mining* O 1936 K92 Mining V 6355 Kaizen Discov V 298 Kaizen Discvry* O 5 Kanadario Gold V 10 Karam Min C 500 Karnalyte Res T 41 Karoo Expl V 14 KAT Expl* O 5218 Katanga Mng T 3193 Kenadyr Mining V 254 Kenadyr Mining* O 61 Kermode Res V 21 Kerr Mines* O 317 Kerr Mines T 805 Kesselrun Res* O 1 Kesselrun Res V 65 Kestrel Gold V 68 Kilo Goldmines V 892 Kincora Copper* O 62 Kincora Copper V 474 King Global* O 1 King Global V 547 Kingsman Min V 121 Kingsmen Res V 85 Kingsmen Res* O 3 Kinross Gold T 40651 Kinross Gold* N 138012 Kintavar Exp V 257 Kirkland Lake* N 11935 Kirkland Lake T 10830 Klondike Gold* O 111 Klondike Gold V 474 Klondike Silv* O 68 Klondike Silv V 911 Kodiak Copper* O 46 Kodiak Copper V 290 Kombat Copper V 285 Komet Resource V 8 Kootenay Silvr V 2222 Kootenay Silvr* O 447 Kootenay Zinc C 3 Kootenay Zinc* O 8 Kore Mining * O 575 Kore Mining V 1157 Kutcho Copper * O 146 KWG Res* O 11

0.03 0.02 0.02 - 0.00 0.14 0.01 0.04 0.04 0.04 + 0.01 0.19 0.02 4.69 3.74 4.36 + 0.46 5.55 2.00 3.38 2.68 3.10 + 0.30 4.17 1.44 0.04 0.03 0.03 - 0.01 0.10 0.02 0.05 0.04 0.05 - 0.01 0.14 0.04 0.21 0.17 0.18 - 0.02 0.21 0.04 0.16 0.11 0.13 - 0.01 0.39 0.04 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.94 0.70 0.94 + 0.26 0.94 0.15 0.71 0.47 0.68 + 0.19 0.71 0.20 0.04 0.03 0.03 unch 0.00 0.12 0.02 0.02 0.02 0.02 + 0.01 0.09 0.01 0.48 0.36 0.36 - 0.01 0.68 0.22 0.00 0.00 4.60 unch 0.00 10.60 4.60 1.75 1.38 1.52 + 0.07 2.93 0.99 1.23 1.01 1.09 unch 0.00 2.17 0.70 0.06 0.05 0.05 - 0.01 0.09 0.03 0.19 0.17 0.19 + 0.02 0.20 0.01 0.30 0.24 0.29 + 0.06 0.50 0.16 0.08 0.05 0.07 + 0.02 0.36 0.03 0.05 0.00 0.05 unch 0.00 0.09 0.03 0.03 0.00 0.03 + 0.01 0.06 0.00 0.02 0.00 0.01 unch 0.00 0.02 0.01 0.05 0.04 0.04 + 0.00 0.08 0.01 0.06 0.05 0.06 + 0.01 0.11 0.03 0.28 0.16 0.20 + 0.02 0.28 0.03 0.04 0.04 0.04 unch 0.00 0.05 0.02 0.04 0.03 0.04 unch 0.00 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.02 0.00 0.83 0.66 0.70 + 0.01 1.07 0.40 1.15 0.93 0.96 unch 0.00 1.42 0.61 0.17 0.16 0.16 unch 0.00 0.35 0.16 0.00 0.00 0.23 unch 0.00 0.33 0.09 0.00 0.00 0.17 unch 0.00 0.25 0.07 0.11 0.07 0.10 + 0.01 0.13 0.03 0.14 0.00 0.14 + 0.02 0.18 0.05 0.01 0.01 0.01 unch 0.00 0.10 0.01 0.01 0.01 0.01 + 0.00 0.03 0.00 0.01 0.01 0.01 - 0.01 0.03 0.01 0.03 0.02 0.03 - 0.00 0.05 0.02 0.05 0.04 0.05 + 0.01 0.07 0.03 0.02 0.01 0.02 - 0.01 0.02 0.01 0.03 0.01 0.02 + 0.01 0.05 0.01 0.03 0.02 0.03 + 0.02 0.07 0.01 0.08 0.08 0.08 unch 0.00 0.18 0.07 0.00 0.00 0.09 unch 0.00 0.30 0.05 0.00 0.00 0.00 + 0.00 0.00 0.00 0.45 0.40 0.43 + 0.02 0.72 0.33 0.62 0.56 0.59 - 0.03 0.94 0.43 0.03 0.03 0.03 - 0.01 0.14 0.02 0.98 0.80 0.96 + 0.02 3.89 0.60 0.18 0.18 0.18 + 0.00 0.36 0.13 0.28 0.23 0.27 + 0.04 0.48 0.17 0.09 0.08 0.09 + 0.01 0.15 0.05 0.13 0.12 0.13 + 0.02 0.21 0.07 0.02 0.02 0.02 - 0.01 0.05 0.01 0.03 0.01 0.01 - 0.02 0.04 0.01 2.27 1.83 2.09 + 0.14 3.48 1.02 3.14 2.57 2.94 + 0.23 4.60 1.45 0.64 0.45 0.56 + 0.11 0.79 0.23 0.30 0.14 0.30 + 0.03 1.23 0.14 0.35 0.34 0.34 unch 0.00 1.63 0.21 0.09 0.03 0.07 + 0.02 0.90 0.03 2.24 1.79 1.92 - 0.00 3.46 1.35 3.13 2.52 2.67 + 0.01 4.54 1.80 0.06 0.04 0.05 - 0.00 0.27 0.02 0.07 0.06 0.06 - 0.01 0.35 0.04 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.29 0.21 0.27 + 0.03 0.30 0.07 0.21 0.15 0.19 + 0.02 0.23 0.05 0.30 0.25 0.26 + 0.01 0.45 0.19 0.22 0.18 0.19 + 0.00 0.34 0.12 0.03 0.03 0.03 unch 0.00 0.25 0.01 0.03 0.03 0.03 - 0.00 0.06 0.02 0.07 0.05 0.07 + 0.02 0.09 0.03 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.10 0.09 0.10 + 0.01 0.71 0.01 0.11 0.08 0.11 + 0.01 0.21 0.05 0.15 0.13 0.14 + 0.01 0.25 0.11 0.25 0.18 0.18 - 0.02 0.25 0.18 0.46 0.38 0.46 + 0.07 0.91 0.21 0.76 0.52 0.69 + 0.19 1.22 0.31 0.15 0.06 0.11 + 0.00 0.40 0.06 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.04 0.04 0.04 + 0.00 0.07 0.03 0.21 0.00 0.17 - 0.03 1.25 0.10 0.14 0.12 0.12 - 0.03 1.02 0.06 0.97 0.00 0.96 + 0.01 2.00 0.20 0.23 0.19 0.21 - 0.01 0.37 0.11 3.09 2.55 2.62 + 0.02 3.50 0.95 4.27 3.57 3.65 + 0.03 4.47 1.27 0.06 0.04 0.05 unch 0.00 0.08 0.03 0.04 0.03 0.03 - 0.01 0.06 0.02 0.15 0.15 0.15 unch 0.00 0.25 0.15 0.13 0.13 0.13 unch 0.00 0.17 0.03 0.17 0.15 0.15 + 0.03 0.26 0.09 0.19 0.00 0.18 unch 0.00 1.65 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.07 0.09 + 0.02 0.55 0.05 0.04 0.04 0.04 unch 0.00 0.11 0.02 0.03 0.02 0.03 - 0.00 0.07 0.02 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.10 0.08 0.09 + 0.00 0.21 0.06 0.14 0.12 0.13 + 0.01 0.27 0.10 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.04 0.00 0.04 + 0.01 0.07 0.03 0.02 0.00 0.02 - 0.01 0.04 0.01 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.04 0.03 0.04 + 0.01 0.11 0.02 0.07 0.04 0.06 + 0.02 0.16 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.03 0.02 0.02 - 0.01 0.10 0.01 0.15 0.11 0.15 + 0.04 0.30 0.06 0.12 0.12 0.12 - 0.01 0.70 0.07 0.08 0.08 0.08 unch 0.00 0.51 0.01 9.20 7.57 8.50 + 0.64 9.20 4.00 6.64 5.42 6.06 + 0.44 6.64 2.72 0.10 0.08 0.09 unch 0.00 0.20 0.05 40.06 34.39 34.54 - 1.32 51.08 18.03 55.56 48.05 48.45 - 1.66 67.87 25.67 0.17 0.14 0.16 + 0.02 0.35 0.10 0.23 0.20 0.22 + 0.03 0.45 0.14 0.03 0.01 0.03 + 0.01 0.04 0.01 0.04 0.02 0.03 unch 0.00 0.05 0.02 0.16 0.00 0.16 + 0.13 0.49 0.12 0.05 0.05 0.05 unch 0.00 0.13 0.04 0.11 0.08 0.08 - 0.03 0.22 0.05 0.07 0.07 0.07 unch 0.00 0.19 0.05 0.22 0.18 0.19 + 0.01 0.35 0.11 0.16 0.13 0.14 + 0.01 0.27 0.08 0.05 0.00 0.05 unch 0.00 0.18 0.02 0.04 0.02 0.04 - 0.00 0.12 0.01 0.31 0.25 0.27 + 0.01 0.31 0.09 0.42 0.33 0.37 + 0.02 0.42 0.15 0.09 0.06 0.07 - 0.01 0.21 0.03 0.01 0.00 0.01 unch 0.00 0.01 0.00

I-J-K

(100s) Stock KWG Res

Week

12-month

Exc Volume High Low Last Change High Low C 779

0.01 0.01 0.01 unch 0.00 0.02 0.01

L La Imperial C 80 0.01 0.01 0.01 unch 0.00 0.12 0.01 Labrador Gold* O 9 0.12 0.00 0.12 + 0.00 0.18 0.09 Labrador Gold V 243 0.20 0.13 0.14 - 0.02 0.26 0.10 Labrador IMH* O 567 0.01 0.01 0.01 + 0.00 0.20 0.00 Labrador IOR T 1111 19.68 17.02 19.36 + 1.37 36.01 13.25 Labrador IOR* O 5 14.00 12.24 14.00 + 1.39 27.20 9.71 Lake Resources* O 1033 0.03 0.02 0.03 - 0.00 0.32 0.02 Lara Expl V 173 0.62 0.50 0.57 + 0.06 0.76 0.43 Laramide Res T 2260 0.34 0.26 0.30 + 0.03 0.42 0.10 Laredo Res* O 1445 0.00 0.00 0.00 + 0.00 0.01 0.00 Largo Res T 1535 0.84 0.69 0.76 + 0.03 2.01 0.56 Largo Res* O 1255 0.61 0.48 0.54 + 0.02 1.56 0.40 Lasalle Explor V 242 0.11 0.10 0.10 unch 0.00 0.18 0.08 Latin American V 3647 0.02 0.01 0.01 + 0.01 0.02 0.01 Latin Metals V 465 0.07 0.06 0.06 + 0.01 0.15 0.05 Laurion Mnl Ex V 244 0.15 0.14 0.14 unch 0.00 0.22 0.09 Laurion Mnl Ex* O 89 0.11 0.09 0.09 - 0.02 0.16 0.07 Leading Edge V 254 0.09 0.08 0.09 + 0.01 0.40 0.01 Leading Edge* O 276 0.07 0.04 0.06 - 0.00 0.30 0.03 Leeta Gold V 7192 0.25 0.20 0.24 unch 0.00 0.75 0.08 Legion Metals C 844 0.25 0.21 0.23 - 0.01 0.83 0.14 Leo Res* O 17 0.01 0.00 0.00 - 0.00 0.06 0.00 Lepanto Con Mg* O 331 0.00 0.00 0.00 + 0.00 0.00 0.00 Libero Copper* O 1280 0.08 0.05 0.07 + 0.01 0.18 0.02 Libero Copper V 2114 0.10 0.08 0.09 + 0.02 0.23 0.03 Liberty Gold* O 2206 0.94 0.76 0.80 + 0.05 1.09 0.24 Liberty One Li V 87 0.05 0.04 0.04 unch 0.00 0.14 0.04 Liberty One Li* O 184 0.04 0.03 0.03 - 0.01 0.10 0.02 Lincoln Mng V 75 0.10 0.09 0.10 + 0.02 0.20 0.05 Lion One Mtls V 970 1.57 1.24 1.29 unch 0.00 2.14 0.62 Lion One Mtls* O 570 1.13 0.89 0.94 + 0.00 1.64 0.46 Lions Bay Cap V 540 0.02 0.02 0.02 unch 0.00 0.06 0.02 Lions Bay Mg C 191 0.20 0.00 0.10 unch 0.00 0.20 0.03 Lions Bay Mg * O 14 0.13 0.00 0.07 + 0.01 0.14 0.01 Lithium Amer* N 1622 3.25 2.90 3.14 unch 0.00 6.03 1.92 Lithium Amer T 856 4.58 4.08 4.47 + 0.10 8.00 2.90 Lithium Chile V 52 0.16 0.00 0.14 + 0.01 0.58 0.12 Lithium Chile* O 96 0.11 0.00 0.11 + 0.01 0.45 0.07 Lithium Corp* O 97 0.10 0.08 0.09 + 0.01 0.20 0.05 Lithium Energi V 67 0.11 0.00 0.09 + 0.01 0.24 0.03 LKA Gold* O 5 0.05 0.04 0.04 - 0.01 0.20 0.04 Lode-Star Mg* O 757 0.07 0.05 0.07 - 0.01 0.28 0.03 Lodge Res C 278 0.50 0.42 0.50 + 0.08 0.60 0.11 Logan Res V 134 0.03 0.02 0.03 + 0.01 0.24 0.02 Logan Res* O 7 0.02 0.00 0.01 - 0.00 0.12 0.02 Lomiko Mtls* O 20 0.02 0.00 0.02 + 0.00 0.06 0.01 Lomiko Mtls V 579 0.02 0.00 0.02 - 0.01 0.07 0.02 Loncor Res* O 59 0.36 0.30 0.31 - 0.02 0.64 0.09 Loncor Res T 119 0.50 0.40 0.43 - 0.02 0.88 0.14 Lone Star Gold* O 16 0.54 0.39 0.54 + 0.09 1.30 0.10 Los Andes V 56 0.27 0.20 0.25 - 0.02 0.52 0.20 Los Andes* O 3 0.18 0.14 0.18 unch 0.00 0.40 0.14 Lucara Diam T 1079 0.55 0.49 0.53 - 0.01 1.76 0.40 Lucky Min V 1594 0.02 0.00 0.01 - 0.01 0.10 0.01 Lucky Min* O 235 0.02 0.01 0.01 - 0.00 0.08 0.01 Luckystrike * O 0 0.00 0.00 0.29 unch 0.00 1.62 0.10 Luckystrike V 142 0.35 0.00 0.35 + 0.13 2.20 0.13 Lumina Gold* O 154 0.49 0.40 0.44 + 0.01 0.60 0.29 Lumina Gold V 329 0.69 0.59 0.61 + 0.01 0.80 0.46 Luminex Res V 320 0.74 0.62 0.64 - 0.01 1.02 0.41 Lundin Gold T 1830 10.77 8.88 9.48 + 0.22 13.49 5.02 Lundin Mng* O 227 4.51 4.07 4.35 - 0.06 6.34 2.82 Lundin Mng T 9629 6.39 5.74 6.11 - 0.07 8.08 4.08 Lupaka Gold * O 27 0.01 0.00 0.01 + 0.00 0.05 0.00 Lupaka Gold V 112 0.02 0.00 0.01 unch 0.00 0.07 0.01 Lydian Intl* O 375 0.04 0.01 0.02 - 0.01 0.16 0.00 Lynas Corp* O 203 1.06 0.90 0.98 + 0.08 2.29 0.58 Lynas Corp* O 428 1.07 0.88 0.97 + 0.07 2.33 0.55

M M.P.V. Explor C 16 0.07 0.07 0.07 unch 0.00 0.18 0.06 Macarthur Min* O 5 0.05 0.04 0.04 - 0.00 0.34 0.04 Macarthur Min V 767 0.08 0.07 0.08 unch 0.00 0.44 0.07 MacDonald Mns* O 255 0.06 0.05 0.05 + 0.00 0.16 0.02 MacDonald Mns V 4662 0.09 0.07 0.07 unch 0.00 0.21 0.03 MAG Silver T 2295 16.15 12.78 13.46 + 0.03 18.60 5.33 Magellan Gold* O 1 0.35 0.00 0.35 + 0.02 2.50 0.20 Magna Gold* O 49 0.65 0.40 0.47 - 0.07 0.75 0.02 Magnum Goldco V 34 0.04 0.00 0.03 - 0.02 0.14 0.03 Majestic Gold* O 26 0.03 0.03 0.03 + 0.00 0.05 0.03 Majestic Gold V 1251 0.05 0.04 0.05 + 0.01 0.07 0.04 Makena Res* O 6 0.34 0.28 0.28 - 0.03 2.00 0.24 Mako Mining* O 660 0.32 0.27 0.29 + 0.00 0.33 0.07 Mako Mining V 1426 0.42 0.40 0.40 - 0.01 0.44 0.09 Mammoth Res V 148 0.03 0.00 0.03 + 0.01 0.05 0.02 Mandalay Res T 378 1.20 0.76 1.07 + 0.30 1.57 0.46 Mandalay Res* O 40 0.82 0.53 0.75 + 0.21 1.12 0.05 Manganese X V 225 0.08 0.08 0.08 unch 0.00 0.18 0.06 Mangazeya Mng V 812 0.05 0.04 0.05 - 0.01 0.13 0.03 Mangazeya Mng* O 33 0.04 0.04 0.04 + 0.00 0.09 0.01 Manitou Gold * O 50 0.05 0.05 0.05 unch 0.00 0.06 0.02 Manitou Gold V 500 0.07 0.06 0.06 unch 0.00 0.08 0.02 Maple Gold V 1937 0.09 0.07 0.09 + 0.02 0.12 0.04 Maple Gold* O 1188 0.07 0.05 0.06 + 0.01 0.09 0.03 Marathon Gold* O 506 1.07 0.94 1.01 + 0.05 1.34 0.52 Marathon Gold T 3168 1.50 1.31 1.41 + 0.09 1.76 0.71 Margaret Lake V 5 0.03 0.03 0.03 unch 0.00 0.08 0.02 Margaux Res V 169 0.07 0.07 0.07 + 0.01 0.12 0.04 Marifil Mines V 426 0.07 0.04 0.04 unch 0.00 0.17 0.03 Marifil Mines* O 406 0.04 0.03 0.04 + 0.01 0.13 0.02 Maritime Res V 547 0.07 0.06 0.06 - 0.01 0.12 0.05 MartinMarietta* N 2924 206.72 184.30 198.87 - 9.32 281.82 135.08 Mas Gold V 5 0.06 0.06 0.06 - 0.01 0.10 0.03 Mascota Res* O 0 2.50 0.00 2.50 + 0.01 50.00 1.21 Mason Graphite* O 269 0.14 0.11 0.12 - 0.01 0.30 0.08 Mason Graphite V 460 0.19 0.17 0.18 - 0.01 0.40 0.12 Matachewan Con V 30 0.11 0.11 0.11 unch 0.00 0.17 0.10 Matica Ent C 1012 0.03 0.02 0.03 unch 0.00 0.11 0.02 Matmown* O 201 0.02 0.02 0.02 unch 0.00 0.05 0.00 Maverix Metals T 267 6.46 5.44 5.55 - 0.45 7.30 3.10 Maverix Metals* X 591 4.71 3.88 3.97 - 0.33 5.72 1.82 Mawson Res* O 53 0.17 0.12 0.17 + 0.02 0.23 0.09 Mawson Res T 192 0.24 0.20 0.22 + 0.04 0.31 0.13 MAX Res V 183 0.09 0.08 0.08 - 0.01 1.59 0.06 MaxTech Vent* O 39 0.06 0.04 0.05 + 0.01 0.09 0.02 MaxTech Vent C 3120 0.09 0.06 0.08 + 0.01 0.13 0.03 Maxwell Res* O 0 0.00 0.00 0.06 unch 0.00 4.54 0.05 Maya Gold &Sil* O 5 1.00 0.93 1.00 + 0.29 1.71 0.65 Maya Gold &Sil T 238 1.60 1.07 1.37 + 0.33 2.35 0.82 Mazarin V 3 0.00 0.00 0.06 unch 0.00 0.13 0.04 MBMI Res* O 0 0.00 0.00 0.04 unch 0.00 0.10 0.01 McChip Res V 1 0.00 0.00 0.46 unch 0.00 0.73 0.46 McEwen Mng T 2496 1.51 1.18 1.35 + 0.11 2.84 0.76 McEwen Mng* N 20783 1.10 0.85 0.96 + 0.09 2.14 0.53 McLaren Res C 70 0.04 0.00 0.04 unch 0.00 0.05 0.01 MDN Inc* O 26 0.22 0.00 0.21 - 0.00 0.40 0.11 Mechel* N 444 1.78 1.60 1.75 + 0.04 3.43 1.28 Medallion Res V 277 0.07 0.05 0.06 unch 0.00 0.28 0.05 Medallion Res* O 201 0.05 0.04 0.05 + 0.01 0.21 0.03 Medgold Res V 2 0.00 0.00 0.04 unch 0.00 0.15 0.03 Medgold Res* O 5 0.04 0.04 0.04 unch 0.00 0.09 0.02 Medinah Mnrls* O 4390 0.00 0.00 0.00 unch 0.00 0.00 0.00 Mega Uranium* O 359 0.07 0.05 0.06 + 0.00 0.09 0.03 Mega Uranium T 1615 0.09 0.08 0.09 + 0.02 0.12 0.05 Megastar Dev V 34 0.09 0.09 0.09 unch 0.00 0.19 0.05 Megastar Dev* O 38 0.07 0.07 0.07 + 0.01 0.12 0.05 MegumaGold C 224 0.15 0.14 0.15 unch 0.00 0.21 0.06 MegumaGold* O 5 0.11 0.00 0.11 + 0.00 0.15 0.03 Melkior Res* O 9 0.12 0.08 0.08 unch 0.00 0.15 0.01 Melkior Res V 222 0.29 0.18 0.27 + 0.06 0.45 0.06 Meridian Mg V 44 0.11 0.00 0.11 + 0.01 0.22 0.04 Meridian Mg * O 5 0.05 0.05 0.05 unch 0.00 0.13 0.03 Meryllion Res* O 0 0.00 0.00 0.00 unch 0.00 0.01 0.00 Meryllion Res C 392 0.01 0.00 0.01 unch 0.00 0.02 0.01 MetalCorp V 535 0.02 0.01 0.02 unch 0.00 0.04 0.01 MetalCorp* O 2 0.00 0.00 0.00 unch 0.00 0.03 0.00 Metalex Vent V 178 0.02 0.02 0.02 - 0.01 0.08 0.02 Metalla Rylty V 348 8.68 7.41 7.55 + 0.05 8.69 3.68 Metallic Mnrls V 701 0.24 0.19 0.22 + 0.04 0.31 0.10 Metallic Mnrls* O 958 0.18 0.13 0.16 + 0.03 0.24 0.07 Metallica Min* O 28 0.01 0.01 0.01 + 0.00 0.01 0.01 Metallis Res V 183 0.25 0.18 0.22 - 0.02 0.99 0.11 Metalore Res V 9 1.75 1.10 1.50 - 0.15 2.60 0.89 Metals Creek* O 1115 0.06 0.03 0.05 + 0.01 0.06 0.02 Metals Creek V 6246 0.08 0.04 0.06 + 0.03 0.08 0.03 Metals X* O 91 0.06 0.04 0.05 - 0.01 0.20 0.03 Metron Capital V 73 0.24 0.17 0.17 - 0.07 0.42 0.06 Mexican Gold* O 52 0.06 0.04 0.05 + 0.00 0.14 0.01 Mexus Gold* O 83930 0.00 0.00 0.00 - 0.00 0.03 0.00 MGX Minerals* O 819 0.07 0.05 0.05 - 0.01 0.28 0.02 MGX Minerals C 1236 0.09 0.06 0.07 - 0.02 0.38 0.04 Mich Resources C 45 0.19 0.17 0.19 + 0.01 0.50 0.08 Midas Gold T 2043 0.63 0.53 0.57 + 0.04 0.91 0.24 Midas Gold* O 1864 0.46 0.37 0.42 + 0.04 0.68 0.16 Midasco Cap V 0 0.00 0.00 0.08 unch 0.00 0.15 0.08 Midland Expl V 182 0.75 0.55 0.68 + 0.09 1.30 0.46 Midnight Sun* O 1263 0.13 0.10 0.11 - 0.00 0.13 0.04 Midnight Sun V 1993 0.17 0.13 0.15 + 0.01 0.17 0.03 Millennial Lit* O 53 0.83 0.65 0.79 + 0.09 1.40 0.38

WWW.NORTHERNMINER.COM

APRIL 27–MAY 10, 2020 / THE NORTHERN MINER

ST O C K TA B L E S (100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Millennial Lit V 93 1.15 0.99 1.09 + 0.04 1.79 0.61 Millrock Res* O 879 0.17 0.11 0.15 + 0.03 0.16 0.05 Millrock Res V 1417 0.23 0.17 0.22 + 0.05 0.23 0.07 Minaurum Gold V 562 0.50 0.36 0.42 + 0.06 0.55 0.22 Minaurum Gold* O 531 0.36 0.26 0.30 + 0.03 0.43 0.16 Minco Silver T 179 0.59 0.44 0.52 + 0.05 0.99 0.20 Minco Silver* O 62 0.41 0.30 0.38 + 0.03 0.73 0.14 Minera Alamos * O 1976 0.24 0.18 0.21 + 0.02 0.27 0.07 Minera Alamos V 4496 0.32 0.26 0.30 + 0.04 0.33 0.10 Minera IRL C 308 0.11 0.09 0.10 unch 0.00 0.21 0.05 Minera IRL* O 63 0.08 0.08 0.08 + 0.00 0.15 0.08 Mineral Mtn V 1708 0.37 0.27 0.35 + 0.07 0.53 0.10 Mineral Mtn* O 659 0.25 0.21 0.25 + 0.04 0.43 0.07 Mineral Res* O 0 0.00 0.00 11.75 unch 0.00 11.95 8.77 MineralRite* O 2500 0.00 0.00 0.00 + 0.00 0.00 0.00 Mineworx Tech V 2937 0.10 0.08 0.09 + 0.01 0.24 0.07 Mineworx Tech* O 940 0.07 0.06 0.06 + 0.01 0.18 0.05 Minfocus Expl V 229 0.03 0.03 0.03 - 0.01 0.07 0.02 Minfocus Expl* O 1 0.03 0.03 0.03 unch 0.00 0.05 0.01 Mining Global* O 250 0.00 0.00 0.00 + 0.00 0.00 0.00 Minnova Corp V 1766 0.07 0.05 0.05 unch 0.00 0.16 0.05 Minsud Res V 75 0.07 0.07 0.07 unch 0.00 0.15 0.01 Miramont Res* O 46 0.07 0.04 0.07 + 0.03 0.19 0.03 Miramont Res C 428 0.09 0.06 0.08 + 0.02 0.26 0.05 Mirasol Res V 220 0.43 0.36 0.37 - 0.02 0.75 0.29 Mistango River C 1287 0.19 0.09 0.15 + 0.06 0.19 0.01 Mkango Res V 608 0.06 0.06 0.06 + 0.01 0.19 0.05 ML Gold* O 0 0.00 0.00 0.07 unch 0.00 0.54 0.06 ML Gold Corp V 486 0.13 0.12 0.12 unch 0.00 0.77 0.08 Monarca Mnrls* O 90 0.03 0.03 0.03 unch 0.00 0.06 0.01 Monarca Mnrls V 175 0.03 0.03 0.03 unch 0.00 0.08 0.02 Monarch Gold T 2413 0.23 0.15 0.20 + 0.06 0.29 0.11 Monarch Gold* O 1503 0.16 0.10 0.15 + 0.05 0.22 0.07 Moneta Porcpn* O 155 0.08 0.06 0.08 + 0.00 0.11 0.04 Moneta Porcpn T 557 0.11 0.10 0.10 unch 0.00 0.14 0.06 Monitor Vent V 0 0.00 0.00 0.12 unch 0.00 0.25 0.12 Monitor Vent* O 12 0.08 0.08 0.08 - 0.00 0.22 0.08 Monterey Min C 712 0.04 0.03 0.04 + 0.02 0.12 0.02 Montero Mg&Ex V 255 0.03 0.02 0.03 unch 0.00 0.20 0.01 Monument Mng V 376 0.05 0.04 0.04 unch 0.00 0.07 0.04 Monument Mng* O 19 0.04 0.04 0.04 + 0.00 0.05 0.02 Morien Res* O 11 0.12 0.10 0.12 + 0.02 0.50 0.06 Morien Res V 420 0.17 0.15 0.17 + 0.02 0.65 0.08 Mosaic* N 19483 13.05 10.61 11.45 - 1.52 27.36 6.50 Mount Gibson * O 6 0.40 0.00 0.40 - 0.10 0.57 0.40 Mountain Boy* O 50 0.13 0.13 0.13 + 0.04 0.21 0.09 Mountain Boy V 72 0.18 0.17 0.18 + 0.02 0.28 0.14 Mountain Prov T 613 0.47 0.34 0.44 + 0.06 1.65 0.29 Mountain Prov* O 46 0.32 0.25 0.30 + 0.04 0.86 0.17 Mundoro Cap V 62 0.13 0.00 0.12 - 0.01 0.21 0.09 Mundoro Cap* O 33 0.09 0.08 0.09 + 0.01 0.14 0.00 Murchison Min* O 68 0.06 0.05 0.05 - 0.01 0.11 0.05 Murchison Min V 184 0.08 0.07 0.08 + 0.01 0.18 0.04 MX Gold* O 262 0.01 0.00 0.00 - 0.00 0.01 0.00 MX Gold V 2230 0.02 0.01 0.01 unch 0.00 0.02 0.01

N-O NA Frac Sand* O 389 NACCO Ind* N 100 Namibia Crit V 227 Namibia Crit* O 332 Napier Vent V 80 Napier Vent* O 30 Natural Res Pt* N 77 Nautilus Mnrls* O 284 Navy Res V 500 Neo Lithium V 581 Neometals* O 115 Network Expl* O 153 Network Expl V 204 Nevada Copper T 3771 Nevada Energy* O 403 Nevada Energy V 203 Nevada Expl * O 1394 Nevada Expl V 1420 Nevada Sunrise* O 259 Nevada Sunrise V 538 Nevada Zinc V 28 Nevado Res V 34 New Age Metals* O 338 New Age Metals V 476 New Carolin Gd* O 115 New Carolin Gd V 3540 New Destiny Mg V 661 New Dimen Res V 1054 New Dimen Res* O 4 New Energy Met V 1576 New Energy Met* O 1001 New Gold T 20438 New Gold* X 98220 New Guinea Gld* O 157 New Jersey Mng* O 474 New Milln Iron* O 4 New Milln Iron T 319 New Oroperu V 100 New Pac Metals* O 2137 New Pac Metals V 2297 New Stratus V 96 New Tech Min* O 2 New Tech Min C 514 Newlox Gold C 485 Newmont Corp T 1078 Newmont Corp* N 48962 Newport Expl V 5 NewRange Gold* O 194 NewRange Gold V 321 Nexa Resources T 8 Nexa Resources* N 476 Nexgen Energy* X 4606 Nexgen Energy T 5985 NextSource Mat T 4831 Nexus Gold* O 138 Nexus Gold V 1986 NGEx Minerals V 75 NGEx Minerals* O 12 Nickel Creek T 136 Nickel Creek* O 169 Nickel North V 75 Nicola Mg Inc V 130 Nicola Mg Inc* O 8 Nighthawk Gold* O 21 Nighthawk Gold T 335 Niobay Metals V 294 Niocan Inc V 10 Niocorp Dev T 625 Niocorp Dev* O 738 Nippon Dragon V 140 Nippon Dragon* O 23 NKWE Platinum* O 1 Noble Metal V 650 Noble Mineral V 3310 Noble Mineral* O 122 Noka Res* O 701 Noram Vent* O 10 Noram Vent V 107 Noranda Alum* O 2 Noront Res* O 27 Noront Res V 887 Norra Metals V 338 Norseman Cap V 80 Norsemont Cap C 29 Nortec Mnls V 225 North Am Nickl V 612 North Am Nickl* O 1 North Arrow Mn* O 420 North Arrow Mn V 85 North Bay Res * O 2271 Northcliff Res T 213 Northern Light C 87 Northern Uran V 217 Northisle C&G V 556 Northisle C&G * O 646 Northstar Gold C 272 Northway Res V 31 Norvista Cap V 465 NorZinc T 488 NorZinc* O 388 Nouveau Monde V 502 Nouveau Monde* O 71 NovaGold Res T 5310 NovaGold Res* X 22951 Novo Res* O 1209 Novo Res V 1421 NRG Metals* O 110 NRG Metals V 33

0.03 0.01 0.01 - 0.00 0.03 0.00 30.02 25.15 26.84 - 2.03 66.40 22.26 0.16 0.13 0.15 + 0.02 0.31 0.08 0.12 0.08 0.09 + 0.01 0.24 0.06 0.07 0.07 0.07 unch 0.00 0.30 0.04 0.05 0.05 0.05 unch 0.00 0.28 0.05 15.79 13.20 14.20 + 0.53 44.71 8.50 0.01 0.00 0.01 + 0.00 0.04 0.00 0.15 0.15 0.15 unch 0.00 0.16 0.10 0.57 0.50 0.52 - 0.03 0.92 0.38 0.09 0.08 0.08 - 0.02 0.20 0.08 0.14 0.08 0.14 + 0.02 0.45 0.06 0.20 0.00 0.20 + 0.06 0.54 0.08 0.18 0.16 0.17 - 0.01 0.45 0.14 0.03 0.02 0.03 + 0.01 0.11 0.02 0.06 0.04 0.05 + 0.01 0.16 0.04 0.12 0.08 0.11 + 0.01 0.30 0.08 0.17 0.12 0.15 + 0.02 0.39 0.12 0.03 0.01 0.02 + 0.00 0.06 0.01 0.04 0.02 0.04 + 0.01 0.08 0.01 0.04 0.04 0.04 unch 0.00 0.12 0.03 0.07 0.07 0.07 - 0.01 0.17 0.07 0.05 0.04 0.05 + 0.01 0.11 0.02 0.07 0.06 0.06 unch 0.00 0.15 0.03 0.05 0.03 0.04 + 0.00 0.11 0.02 0.07 0.05 0.06 + 0.01 0.15 0.03 0.03 0.02 0.03 unch 0.00 0.17 0.02 0.04 0.03 0.04 unch 0.00 0.06 0.02 0.03 0.02 0.02 - 0.01 0.04 0.02 0.07 0.03 0.05 + 0.02 0.32 0.02 0.04 0.00 0.04 + 0.03 0.26 0.00 1.18 0.80 0.99 + 0.15 2.03 0.55 0.85 0.57 0.69 + 0.11 1.56 0.39 0.13 0.00 0.01 + 0.00 0.13 0.00 0.17 0.15 0.15 - 0.01 0.20 0.11 0.03 0.03 0.03 - 0.00 0.07 0.03 0.05 0.04 0.04 unch 0.00 0.10 0.04 0.90 0.71 0.85 - 0.01 0.90 0.23 3.98 3.10 3.19 - 0.35 5.60 1.24 5.50 4.36 4.46 - 0.51 6.98 1.66 0.13 0.06 0.06 - 0.07 0.25 0.06 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.03 0.02 0.02 - 0.01 0.05 0.01 0.05 0.04 0.04 unch 0.00 0.10 0.03 85.35 78.86 82.36 + 2.61 85.35 40.01 61.53 56.33 59.23 + 1.92 61.53 29.77 0.32 0.00 0.30 - 0.02 0.45 0.25 0.10 0.07 0.09 + 0.02 0.15 0.05 0.13 0.10 0.11 + 0.01 0.20 0.07 5.46 4.60 5.36 + 0.50 17.05 3.94 4.05 3.15 3.83 + 0.38 12.57 2.57 1.11 0.86 1.11 + 0.18 1.78 0.50 1.56 1.18 1.55 + 0.27 2.31 0.76 0.05 0.04 0.04 unch 0.00 0.11 0.02 0.03 0.01 0.03 + 0.00 0.09 0.01 0.05 0.04 0.04 unch 0.00 0.12 0.03 0.36 0.30 0.36 + 0.09 0.66 0.24 0.22 0.00 0.22 + 0.06 0.32 0.16 0.06 0.05 0.06 + 0.01 0.15 0.02 0.05 0.03 0.04 + 0.00 0.10 0.02 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.09 0.08 0.09 + 0.01 0.14 0.04 0.06 0.06 0.06 - 0.00 0.11 0.04 1.37 1.08 1.15 + 0.09 2.01 0.24 1.90 1.49 1.61 + 0.13 3.65 0.97 0.32 0.28 0.28 - 0.02 0.53 0.15 0.12 0.00 0.12 - 0.06 0.28 0.10 0.71 0.62 0.69 + 0.06 0.94 0.50 0.52 0.43 0.49 + 0.04 0.72 0.36 0.05 0.04 0.05 + 0.02 0.05 0.01 0.03 0.02 0.02 - 0.01 0.04 0.01 0.00 0.00 0.07 unch 0.00 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.06 0.03 0.05 + 0.02 0.14 0.03 0.03 0.00 0.03 - 0.00 0.10 0.02 0.07 0.06 0.06 + 0.01 0.20 0.03 0.07 0.07 0.07 + 0.00 0.14 0.04 0.10 0.09 0.09 - 0.02 0.21 0.05 0.00 0.00 0.00 - 0.00 0.02 0.00 0.09 0.08 0.09 + 0.01 0.21 0.08 0.13 0.13 0.13 unch 0.00 0.28 0.12 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.07 0.07 0.07 unch 0.00 0.13 0.04 0.33 0.25 0.30 - 0.03 0.43 0.25 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.08 0.08 0.08 unch 0.00 0.35 0.06 0.06 0.05 0.06 unch 0.00 0.29 0.02 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.04 0.00 0.04 - 0.01 0.09 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.05 0.05 - 0.01 0.08 0.04 0.03 0.03 0.03 + 0.01 0.07 0.02 0.01 0.01 0.01 + 0.01 0.01 0.01 0.08 0.00 0.08 + 0.03 0.08 0.01 0.06 0.00 0.06 + 0.04 0.06 0.01 0.49 0.37 0.43 - 0.06 0.51 0.19 0.08 0.07 0.08 + 0.01 0.14 0.05 0.07 0.06 0.06 + 0.01 0.13 0.04 0.07 0.06 0.06 unch 0.00 0.13 0.02 0.05 0.03 0.05 + 0.00 0.10 0.01 0.18 0.17 0.18 + 0.02 0.27 0.13 0.14 0.12 0.13 + 0.01 0.21 0.09 17.67 13.36 15.84 + 1.87 17.67 5.00 12.52 9.57 11.27 + 1.28 12.52 3.69 2.05 1.42 1.74 + 0.27 3.07 1.00 2.83 1.95 2.34 + 0.27 3.96 1.41 0.24 0.17 0.19 - 0.03 0.36 0.04 0.32 0.00 0.32 + 0.02 1.98 0.24

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Nrthn Graphite V 118 0.16 0.14 0.15 - 0.02 0.28 0.06 Nrthn Graphite* O 365 0.13 0.09 0.10 - 0.02 0.20 0.04 Nrthn Lion V 25 0.11 0.11 0.11 unch 0.00 0.34 0.10 Nrthn Mnrls &E* O 125 0.03 0.03 0.03 + 0.01 0.10 0.02 Nrthn Shield V 1661 0.07 0.06 0.06 unch 0.00 0.12 0.05 Nrthn Superior* O 33 0.18 0.16 0.17 - 0.01 0.20 0.05 Nrthn Superior V 73 0.25 0.22 0.24 - 0.01 0.28 0.07 Nrthn Vertex* O 95 0.17 0.13 0.15 + 0.02 0.27 0.11 Nrthn Vertex V 1136 0.23 0.19 0.22 + 0.03 0.35 0.15 NSS Res Inc C 68 0.04 0.04 0.04 unch 0.00 0.18 0.03 Nthn Dynasty T 1841 0.87 0.67 0.72 unch 0.00 1.25 0.50 Nthn Dynasty* X 12800 0.63 0.48 0.52 + 0.02 0.95 0.35 Nthrn Sphere* O 1 0.00 0.00 0.00 unch 0.00 0.20 0.00 Nubian Res V 30 0.10 0.10 0.10 unch 0.00 0.22 0.07 Nuinsco Res C 121 0.01 0.01 0.01 unch 0.00 0.02 0.01 Nuinsco Res* O 40 0.00 0.00 0.00 - 0.00 0.01 0.00 NuLegacy Gold V 1878 0.07 0.05 0.06 unch 0.00 0.12 0.03 NuLegacy Gold* O 624 0.05 0.03 0.04 + 0.00 0.08 0.02 Nutrien* N 7033 36.89 33.70 35.81 - 0.95 55.34 23.85 Nutrien T 11179 51.56 47.58 50.25 - 1.21 73.25 34.80 NV Gold V 1419 0.16 0.10 0.14 + 0.04 0.29 0.07 NV Gold* O 217 0.11 0.06 0.10 + 0.03 0.22 0.05 NxGold Ltd V 337 0.02 0.02 0.02 unch 0.00 0.08 0.01 O.T. Mining* O 81 0.06 0.00 0.05 - 0.01 0.11 0.04 O3 Mining* O 68 1.25 1.10 1.16 + 0.06 2.29 0.64 O3 Mining V 132 1.72 1.54 1.63 + 0.03 4.00 1.06 OceanaGold* O 7 1.45 1.15 1.45 + 0.34 3.13 0.81 OceanaGold T 19664 2.07 1.62 1.79 + 0.07 4.17 1.16 Oceanic Iron O V 299 0.13 0.09 0.09 - 0.01 0.17 0.04 Oceanic Iron O* O 1 0.08 0.08 0.08 - 0.00 0.12 0.04 Oceanus Res V 74 0.08 0.00 0.08 + 0.01 0.12 0.04 Oceanus Res* O 44 0.06 0.04 0.06 + 0.02 0.08 0.03 Odyssey Res V 325 0.03 0.03 0.03 + 0.01 0.05 0.02 Olivut Res V 268 0.04 0.03 0.04 + 0.01 0.14 0.03 Olivut Res* O 186 0.02 0.02 0.02 - 0.00 0.12 0.02 Omineca Mining V 377 0.16 0.14 0.14 - 0.01 0.18 0.05 Omineca Mining* O 182 0.11 0.10 0.11 + 0.01 0.13 0.03 One World Lith C 141 0.07 0.05 0.06 + 0.01 0.28 0.03 One World Lith* O 25 0.05 0.04 0.05 + 0.01 0.22 0.02 Opawica Expl V 42 0.06 0.00 0.06 + 0.01 0.10 0.05 Opus One Res V 142 0.05 0.03 0.05 + 0.02 0.06 0.01 Orbite Tech* O 48 0.00 0.00 0.00 unch 0.00 0.17 0.00 Orca Gold V 507 0.33 0.28 0.33 + 0.05 0.42 0.20 Orca Gold* O 955 0.24 0.20 0.24 + 0.03 0.32 0.15 Ord Mountain V 4 0.08 0.08 0.08 unch 0.00 0.12 0.08 Orefinders Res V 1174 0.09 0.08 0.09 + 0.02 0.09 0.03 Orestone Mng V 1829 0.07 0.05 0.06 + 0.01 0.18 0.03 Orex Mnrls* O 59 0.07 0.05 0.06 + 0.01 0.11 0.03 Orex Mnrls V 354 0.10 0.07 0.10 + 0.01 0.14 0.04 Orezone Gold* O 249 0.39 0.32 0.35 + 0.02 0.67 0.14 Orezone Gold V 1605 0.54 0.45 0.48 + 0.04 0.88 0.22 Orford Mining V 230 0.03 0.03 0.03 unch 0.00 0.15 0.02 OrganiMax* O 0 0.00 0.00 0.04 unch 0.00 0.14 0.02 OrganiMax V 214 0.04 0.04 0.04 unch 0.00 0.21 0.04 Origin Gold V 53 0.07 0.07 0.07 + 0.01 0.15 0.05 Original Sixtn* O 17 0.18 0.05 0.05 - 0.13 0.19 0.00 Orla Mng Ltd T 3700 2.48 2.25 2.43 + 0.15 2.70 0.85 Orla Mng Ltd* O 79 1.76 1.64 1.75 + 0.11 2.00 0.73 Oroco Res V 677 0.24 0.20 0.21 - 0.01 0.74 0.20 Oroco Res* O 251 0.17 0.14 0.16 + 0.01 0.56 0.05 Orocobre T 175 2.06 1.85 1.90 - 0.05 3.52 1.60 Orosur Mng T 135 0.05 0.00 0.04 + 0.01 0.13 0.03 Orsu Metals V 162 0.17 0.15 0.17 + 0.02 0.40 0.10 Orsu Metals* O 3 0.10 0.00 0.10 + 0.00 0.30 0.09 Orvana Mnrls T 1120 0.20 0.15 0.18 + 0.02 0.41 0.11 Orvana Mnrls* O 105 0.13 0.12 0.13 + 0.02 0.30 0.09 Osino Res V 616 0.83 0.69 0.78 + 0.08 1.07 0.31 Osisko Gold* N 8756 8.95 7.77 8.32 + 0.09 13.43 4.65 Osisko Gold T 5934 12.42 10.85 11.62 + 0.13 17.47 6.35 Osisko Metals* O 28 0.29 0.00 0.29 + 0.01 0.54 0.17 Osisko Metals V 822 0.41 0.38 0.40 + 0.02 0.72 0.24 Osisko Mng Inc T 5424 3.75 3.00 3.12 + 0.04 4.19 1.67 Osprey Gold V 925 0.06 0.05 0.05 unch 0.00 0.12 0.02 Otis Gold V 2063 0.14 0.11 0.13 + 0.02 0.17 0.06 Otis Gold* O 476 0.10 0.07 0.08 + 0.00 0.13 0.04 Otso Gold* O 54 0.05 0.00 0.05 + 0.02 0.07 0.02 Otso Gold V 1728 0.08 0.06 0.08 + 0.02 0.09 0.02 Outcrop Gold* O 231 0.12 0.10 0.10 - 0.00 0.30 0.06 Outcrop Gold V 708 0.17 0.14 0.15 unch 0.00 0.39 0.08 OZ Minerals* O 0 0.00 0.00 4.95 unch 0.00 7.99 3.48

P-Q Pac Booker Min V 31 1.88 1.60 1.80 unch 0.00 4.10 1.12 Pac Booker Min* O 5 1.33 1.26 1.26 - 0.02 3.10 0.84 Pac Imperial V 273 0.01 0.01 0.01 - 0.01 0.03 0.01 Pac Ridge Expl V 43 0.04 0.04 0.04 - 0.01 0.06 0.03 Pac Ridge Expl* O 18 0.03 0.02 0.02 - 0.01 0.05 0.02 Pacific Empire V 370 0.05 0.04 0.05 unch 0.00 0.10 0.02 Pacific Rim C 657 0.24 0.16 0.19 + 0.02 0.33 0.11 Pacific Rim* O 130 0.16 0.10 0.14 + 0.02 0.36 0.08 Pacific Silk* O 20 0.02 0.02 0.02 unch 0.00 0.03 0.00 Pacific Silk V 44 0.03 0.02 0.03 + 0.01 0.04 0.01 Pacton Gold V 2329 0.09 0.08 0.08 - 0.01 0.26 0.04 Paladin Energy* O 18279 0.10 0.05 0.07 + 0.02 0.12 0.03 Palamina Corp V 55 0.15 0.13 0.15 + 0.01 0.32 0.09 Palamina Corp* O 35 0.11 0.09 0.11 - 0.01 0.26 0.06 Palayan Res* O 29 0.31 0.26 0.26 unch 0.00 1.50 0.25 Paleo Resource V 928 0.01 0.01 0.01 - 0.01 0.07 0.01 Paleo Resource* O 1234 0.01 0.00 0.00 - 0.00 0.05 0.00 Palladium One V 7445 0.11 0.06 0.09 + 0.03 0.24 0.05 Palladium One* O 268 0.09 0.04 0.07 + 0.02 0.20 0.03 Pan Am Silver* D 20324 21.00 17.33 19.09 + 0.90 26.20 10.26 Pan Am Silver T 4217 29.13 24.23 26.95 + 1.51 34.79 13.83 Pan Global Res V 1286 0.15 0.10 0.14 + 0.04 0.16 0.06 Pancontinental* O 64 0.04 0.03 0.04 + 0.01 0.04 0.01 Pancontinental V 200 0.05 0.05 0.05 unch 0.00 0.07 0.02 Panex Res* O 171 0.00 0.00 0.00 + 0.00 0.01 0.00 Pangolin Dia V 448 0.03 0.02 0.02 unch 0.00 0.10 0.02 Panoro Mnrls V 54 0.08 0.08 0.08 unch 0.00 0.20 0.07 Panoro Mnrls* O 16 0.06 0.05 0.05 - 0.01 0.15 0.04 Pantheon Vent V 70 0.05 0.03 0.04 + 0.01 0.07 0.01 Para Resources V 2700 0.03 0.01 0.02 + 0.01 0.20 0.01 Parallel Mng V 23 0.13 0.13 0.13 + 0.01 0.53 0.10 Paramount Gold* X 535 1.00 0.75 0.90 + 0.09 1.04 0.47 Paringa Res* O 100 0.02 0.02 0.02 - 0.00 0.19 0.00 Parlane Res V 95 0.04 0.03 0.04 - 0.01 0.20 0.02 Pasinex Res C 440 0.02 0.01 0.01 - 0.01 0.08 0.01 Pasofino Gold V 85 0.05 0.05 0.05 + 0.01 0.18 0.04 Patriot Gold* O 224 0.04 0.03 0.04 + 0.00 0.08 0.02 Peabody Enrgy* N 10920 4.35 3.06 3.35 + 0.01 30.54 2.51 Pelangio Expl* O 1 0.10 0.10 0.10 unch 0.00 0.18 0.08 Pelangio Expl V 22 0.15 0.15 0.15 unch 0.00 0.26 0.11 Peloton Mnrls C 75 0.08 0.07 0.08 - 0.01 0.13 0.04 Peloton Mnrls* O 16 0.06 0.04 0.06 - 0.00 0.11 0.03 PepinNini Lith* O 250 0.00 0.00 0.00 unch 0.00 0.00 0.00 Perseus Mng T 236 1.00 0.88 0.90 unch 0.00 1.18 0.40 Pershimex Res V 200 0.04 0.03 0.04 + 0.01 0.06 0.02 Pershing Res* O 367 0.01 0.01 0.01 - 0.00 0.06 0.00 Peruvian Metal* O 58 0.03 0.02 0.02 - 0.01 0.04 0.01 Peruvian Metal V 73 0.04 0.03 0.03 - 0.01 0.05 0.03 Petra Diamonds* O 126 0.00 0.00 0.01 unch 0.00 0.30 0.01 Philex Mng* O 52 0.04 0.03 0.04 + 0.01 0.10 0.00 Philippine Mtl* O 4 0.00 0.00 0.00 unch 0.00 0.04 0.00 Phoenix Global* O 1 0.08 0.00 0.06 - 0.04 0.21 0.06 Pike Mountain C 660 0.10 0.02 0.05 - 0.05 0.15 0.02 Pine Cliff En T 726 0.11 0.10 0.11 + 0.01 0.25 0.05 Pine Cliff En* O 65 0.07 0.07 0.07 unch 0.00 0.19 0.04 Pinecrest Res V 78 0.20 0.20 0.20 + 0.01 0.22 0.14 Pinecrest Res * O 7 0.11 0.11 0.11 unch 0.00 0.17 0.09 Pistol Bay Mng V 158 0.02 0.00 0.02 + 0.01 0.06 0.01 Pistol Bay Mng* O 2 0.00 0.00 0.00 unch 0.00 0.05 0.00 Pivit Explor C 110 0.21 0.17 0.19 unch 0.00 0.64 0.06 PJSC Polyus Gd* O 1 76.00 0.00 76.00 + 5.00 76.00 40.00 PJX Res V 28 0.12 0.10 0.11 + 0.01 0.21 0.01 Plata Latina V 821 0.05 0.02 0.03 unch 0.00 0.06 0.01 Plate Res V 87 0.05 0.04 0.05 + 0.01 0.16 0.03 Plateau Energy V 541 0.23 0.20 0.22 + 0.03 0.74 0.16 Plateau Energy* O 137 0.17 0.15 0.15 + 0.01 0.65 0.08 Platinex Inc* O 5 0.02 0.02 0.02 unch 0.00 0.04 0.01 Platinex Inc C 1893 0.03 0.03 0.03 unch 0.00 0.06 0.01 Platinum Gp Mt T 98 2.44 1.90 2.31 + 0.33 3.86 1.25 Platinum Gp Mt* X 1038 1.79 1.38 1.60 + 0.18 2.98 0.86 Plato Gold V 64 0.03 0.02 0.03 unch 0.00 0.05 0.01 Playfair Mng V 210 0.04 0.03 0.04 unch 0.00 0.07 0.02 Playfair Mng* O 5 0.02 0.02 0.02 + 0.00 0.05 0.01 PolyMet Mng* X 2020 0.25 0.22 0.24 + 0.01 0.60 0.15 PolyMet Mng T 494 0.33 0.31 0.33 + 0.01 0.79 0.25 Portage Res* O 961 0.00 0.00 0.00 - 0.00 0.00 0.00 Portofino Res V 728 0.05 0.03 0.05 + 0.01 0.08 0.02 Portofino Res* O 170 0.02 0.02 0.02 unch 0.00 0.03 0.02 Potash Ridge* O 20 0.02 0.02 0.02 + 0.01 0.08 0.01 Potash Ridge T 1427 0.03 0.02 0.03 + 0.01 0.11 0.02 Power Group* O 3 0.04 0.03 0.04 + 0.01 0.10 0.03 Power Group V 555 0.06 0.00 0.05 + 0.01 0.14 0.03 Power Metals* O 3418 0.20 0.13 0.19 + 0.04 0.24 0.03

Week

12-month

Exc Volume High Low Last Change High Low

Power Metals V 3959 0.28 0.19 0.28 + 0.08 0.31 0.04 PowerOre V 91 0.05 0.05 0.05 - 0.01 0.14 0.03 PPX Mining* O 141 0.04 0.02 0.04 + 0.01 0.06 0.02 PPX Mining V 158 0.05 0.04 0.05 + 0.01 0.08 0.04 Precipitate Gl* O 857 0.11 0.08 0.09 + 0.00 0.22 0.04 Precipitate Gl V 2804 0.15 0.11 0.14 + 0.02 0.28 0.05 Premier Gold M T 3736 1.84 1.60 1.71 + 0.03 2.55 0.85 Premium Expl* O 1 0.00 0.00 0.00 unch 0.00 0.01 0.00 Pretium Res* N 15826 8.48 6.97 7.31 + 0.05 13.83 4.05 Pretium Res T 4217 11.77 9.73 10.26 + 0.16 18.30 6.25 Primary Energy C 2719 0.45 0.34 0.44 + 0.04 0.82 0.08 Prime Meridian V 195 0.07 0.04 0.07 + 0.04 0.16 0.04 Prime Mining V 672 0.54 0.47 0.48 - 0.03 0.60 0.25 Prime Mining* O 173 0.38 0.32 0.35 - 0.01 0.46 0.14 Prism Res V 25 0.01 0.01 0.01 unch 0.00 0.05 0.01 ProAm Expl V 97 0.08 0.00 0.08 + 0.03 0.12 0.05 Probe Metals* O 747 0.68 0.53 0.59 - 0.02 1.16 0.37 Probe Metals V 766 0.95 0.76 0.82 - 0.03 1.53 0.54 Prog Planet V 66 0.03 0.02 0.02 unch 0.00 0.18 0.02 Project One C 1 0.00 0.00 0.18 unch 0.00 0.30 0.13 Promithian Gl * O 6 3.77 2.00 3.49 + 0.64 6.30 0.02 Prophecy Pot C 118 0.13 0.08 0.10 unch 0.00 0.19 0.01 Prosper Gold V 133 0.04 0.00 0.04 + 0.01 0.12 0.03 Prospero Silvr V 585 0.02 0.02 0.02 + 0.01 0.11 0.01 Prospero Silvr* O 1 0.01 0.01 0.01 unch 0.00 0.08 0.01 Provenance Gld C 13 0.12 0.10 0.12 + 0.02 0.20 0.08 Providence V 351 0.08 0.00 0.07 + 0.01 0.20 0.06 Providence Gld* O 27 0.06 0.04 0.05 - 0.02 0.16 0.02 PUF Vent Inc * O 2150 0.04 0.03 0.04 + 0.00 0.42 0.02 Puma Expl* O 15 0.05 0.05 0.05 unch 0.00 0.30 0.05 Puma Expl V 187 0.08 0.06 0.07 - 0.01 0.35 0.04 Pure Alumina* O 4 0.01 0.01 0.01 + 0.00 0.04 0.01 Pure Energy* O 456 0.04 0.02 0.03 + 0.00 0.08 0.02 Pure Energy V 450 0.05 0.04 0.05 + 0.01 0.12 0.03 Pure Gold Mg* O 1020 0.60 0.51 0.53 + 0.02 0.68 0.27 Pure Gold Mg V 2367 0.83 0.71 0.75 + 0.03 0.88 0.38 Purepoint Uran V 2065 0.07 0.05 0.07 + 0.02 0.09 0.03 Q-Gold Res V 75 0.20 0.15 0.20 + 0.02 0.30 0.14 QC Precious V 2430 0.29 0.23 0.25 + 0.02 0.40 0.14 QC Precious * O 177 0.20 0.16 0.20 + 0.07 0.30 0.10 QMC Quantum Ml V 264 0.07 0.06 0.07 - 0.01 0.26 0.06 QMC Quantum Ml* O 109 0.06 0.04 0.05 + 0.01 0.20 0.03 QMX Gold* O 77 0.09 0.07 0.08 + 0.00 0.11 0.03 QMX Gold V 1806 0.12 0.11 0.11 unch 0.00 0.15 0.04 Quadro Res V 2533 0.11 0.07 0.11 + 0.05 0.12 0.02 Quantum Cobalt C 126 0.05 0.04 0.04 - 0.01 0.10 0.01 Quartz Mtn Res V 2 0.21 0.21 0.21 unch 0.00 0.35 0.15 Quaterra Res V 79 0.06 0.00 0.06 + 0.01 0.10 0.02 Quaterra Res* O 140 0.04 0.03 0.03 - 0.01 0.08 0.02 Quest Rare Mnl* O 270 0.03 0.01 0.01 + 0.00 0.06 0.00 Quinto Res V 983 0.02 0.02 0.02 + 0.01 0.09 0.02

R Rackla Metals V 3 0.10 0.00 0.10 + 0.02 0.20 0.08 Rackla Metals* O 2 0.07 0.06 0.07 + 0.01 0.12 0.00 Radisson Mng V 639 0.18 0.15 0.17 + 0.02 0.24 0.09 Radius Gold V 693 0.17 0.13 0.15 unch 0.00 0.47 0.11 Rae-Wallace Mg* O 140 0.01 0.01 0.01 - 0.00 0.05 0.00 Raindrop Vent C 460 0.11 0.07 0.11 + 0.04 0.16 0.07 Rainforest Res* O 15 1.69 1.15 1.51 + 0.02 7.60 0.22 Rainy Mtn Royl V 250 0.06 0.05 0.05 unch 0.00 0.25 0.04 Rambler Metals* O 15 0.01 0.01 0.01 unch 0.00 0.03 0.00 Rare Element* O 701 0.52 0.45 0.48 - 0.04 0.96 0.08 Rathdowney Res V 66 0.09 0.09 0.09 unch 0.00 0.11 0.03 Ravencrest Res C 4917 0.01 0.01 0.01 unch 0.00 0.73 0.01 Red Eagle Mng* O 532 0.01 0.00 0.00 unch 0.00 0.01 0.00 Red Moon Res V 15 0.05 0.05 0.05 unch 0.00 0.24 0.03 Red Pine Expl V 555 0.04 0.03 0.03 unch 0.00 0.07 0.02 Redstar Gold V 152 0.03 0.03 0.03 unch 0.00 0.04 0.02 Redstar Gold* O 206 0.03 0.02 0.02 - 0.00 0.04 0.01 Regis Res NL* O 27 2.76 2.58 2.64 + 0.15 4.61 1.80 Regulus Res V 263 0.71 0.62 0.65 - 0.03 1.78 0.47 Renaissance Gd* O 212 0.22 0.17 0.20 + 0.01 0.33 0.10 Renaissance Gd V 217 0.30 0.26 0.28 + 0.02 0.43 0.14 Renforth Res* O 4 0.03 0.03 0.03 unch 0.00 0.04 0.03 Renforth Res C 245 0.04 0.03 0.04 + 0.01 0.06 0.03 Resolve Vent V 9 0.09 0.09 0.09 unch 0.00 0.16 0.05 Reunion Gold V 514 0.12 0.08 0.09 + 0.01 0.34 0.07 Reunion Gold* O 34 0.09 0.06 0.07 + 0.01 0.25 0.04 Revelo Res V 170 0.01 0.01 0.01 unch 0.00 0.03 0.01 Revival Gold * O 284 0.56 0.46 0.52 + 0.04 0.75 0.24 Revival Gold V 559 0.77 0.64 0.72 + 0.06 1.01 0.33 Rhyolite Res V 4 0.04 0.04 0.04 unch 0.00 0.24 0.04 Richmond Mnls V 464 0.06 0.04 0.04 - 0.02 0.06 0.02 Ridgestone M’g V 545 0.28 0.21 0.22 - 0.06 0.30 0.15 Ridgestone M’g* O 3 0.18 0.00 0.18 + 0.01 0.19 0.15 Rimrock Gold* O 16819 0.00 0.00 0.00 + 0.00 0.00 0.00 Rio Silver V 347 0.02 0.02 0.02 unch 0.00 0.06 0.01 Rio Tinto* N 12873 48.95 45.77 47.64 - 0.02 64.02 35.35 Rio Tinto* O 1 48.09 0.00 46.17 + 0.54 62.00 34.85 Rio Tinto* O 2 54.37 0.00 53.66 + 4.26 74.50 41.50 Rio2 Limited* O 1280 0.35 0.26 0.30 + 0.05 0.52 0.11 Rio2 Limited V 1725 0.48 0.35 0.43 + 0.06 0.70 0.14 Rise Gold Corp C 63 0.73 0.64 0.68 unch 0.00 0.95 0.30 Rise Gold Corp* O 126 0.52 0.45 0.47 - 0.00 0.91 0.31 Riverside Res V 382 0.16 0.15 0.15 unch 0.00 0.25 0.10 Riverside Res* O 430 0.12 0.10 0.11 - 0.00 0.18 0.06 RJK Explor* O 2 0.13 0.13 0.13 - 0.00 0.24 0.06 RJK Explor V 39 0.20 0.18 0.20 - 0.01 0.32 0.08 RNC Minerals* O 2521 0.31 0.25 0.28 + 0.02 0.55 0.14 RNC Minerals T 13821 0.44 0.35 0.39 + 0.03 0.73 0.20 Robex Res V 2841 0.36 0.22 0.30 + 0.09 0.36 0.06 Rochester Res V 22 0.05 0.00 0.05 - 0.02 0.08 0.03 Rochester Res* O 60 0.04 0.03 0.04 + 0.01 0.06 0.02 Rock Tech Lith* O 60 0.35 0.35 0.35 unch 0.00 0.64 0.35 Rock Tech Lith V 23 0.59 0.54 0.54 + 0.04 0.85 0.37 Rockcliff Met C 382 0.06 0.04 0.05 + 0.01 0.19 0.04 Rockcliff Met* O 51 0.04 0.03 0.04 + 0.01 0.12 0.02 Rockex Mng C 625 0.02 0.02 0.02 unch 0.00 0.05 0.01 Rockhaven Res V 222 0.10 0.10 0.10 + 0.01 0.19 0.06 Rockridge Res V 190 0.12 0.09 0.11 + 0.02 0.39 0.07 Rockshield Cap* O 1 0.02 0.02 0.02 unch 0.00 0.08 0.01 Rodinia Lithm V 362 0.03 0.00 0.03 + 0.01 0.06 0.02 Rogue Res* O 1 0.03 0.03 0.03 - 0.00 0.10 0.03 Rogue Res V 346 0.07 0.00 0.07 + 0.03 0.13 0.02 Rokmaster Res V 327 0.15 0.11 0.15 + 0.04 0.15 0.03 Romios Gold Rs* O 391 0.03 0.02 0.02 + 0.00 0.05 0.01 Romios Gold Rs V 307 0.03 0.03 0.03 unch 0.00 0.07 0.02 RosCan Gold* O 419 0.17 0.15 0.17 + 0.04 0.18 0.05 RosCan Gold V 8699 0.25 0.20 0.25 + 0.08 0.25 0.10 Roughrider Exp V 204 0.12 0.08 0.11 - 0.01 0.12 0.06 Rover Metals* O 69 0.11 0.10 0.11 + 0.01 0.40 0.00 Roxgold T 6762 1.16 0.85 1.06 + 0.16 1.42 0.56 Roxgold* O 322 0.82 0.61 0.75 + 0.12 1.07 0.05 Royal Gold V 76 0.50 0.37 0.49 + 0.16 0.60 0.12 Royal Gold* O 7 0.35 0.00 0.35 + 0.12 0.39 0.02 Royal Gold* D 4302 111.88 100.02 107.81 + 2.77 138.78 59.78 Royal Mines &M* O 30 0.00 0.00 0.00 unch 0.00 0.01 0.00 Royal Rd Mnrls V 563 0.26 0.16 0.22 + 0.03 0.35 0.13 Royal Std Mnrl* O 0 0.03 0.03 0.03 unch 0.00 1.00 0.01 RT Minerals V 60 0.03 0.03 0.03 unch 0.00 0.07 0.02 RTG Mining T 29 0.05 0.00 0.05 unch 0.00 0.11 0.04 RTG Mining * O 0 0.04 0.04 0.04 unch 0.00 0.07 0.04 Rubicon Mnrls T 477 1.17 0.75 0.96 + 0.19 1.27 0.54 Rubicon Mnrls* O 141 0.85 0.61 0.70 + 0.19 0.96 0.37 Rugby Mng V 141 0.10 0.08 0.10 + 0.02 0.23 0.05 Running Fox Rs V 13 0.01 0.00 0.01 unch 0.00 0.02 0.01 Rupert Res* O 29 0.60 0.52 0.52 - 0.01 0.74 0.43 Rupert Res V 394 0.77 0.70 0.75 + 0.02 1.00 0.53 Rusoro Mng* O 407 0.04 0.04 0.04 + 0.00 0.10 0.03 Rusoro Mng V 846 0.06 0.05 0.06 unch 0.00 0.13 0.04

S Sabina Gd&Slvr* O 3308 Sabina Gd&Slvr T 3573 Sable Res* O 31 Sable Res V 552 Sailfish Rylty V 27 Saint Jean* O 38 Salazar Res V 95 Salazar Res* O 38 Salt Lake Pot* O 25 Sama Res V 378 Sama Res* O 15 San Gold Corp* O 126 San Marco Res* O 35 San Marco Res V 127 Sanatana Res V 420 Sanatana Res* O 1 Sandfire Res V 298 Sandfire Res* O 605 Sandspring Res* O 143 Sandstorm Gold T 4705 Sandstorm Gold* N 16866 Santa Fe Gold* O 1021 Santacruz Silv V 409 Sarama Res V 1066 Sarissa Res* O 373 Satori Res V 125 Saturn Mnrls V 207 Saville Res V 406 Scandium Intl T 636

1.28 0.92 1.19 + 0.23 1.72 0.51 1.77 1.29 1.68 + 0.33 2.28 0.71 0.04 0.04 0.04 - 0.00 0.11 0.03 0.09 0.06 0.09 + 0.03 0.15 0.04 0.85 0.75 0.84 + 0.16 1.81 0.45 0.00 0.00 0.00 unch 0.00 0.03 0.00 0.20 0.17 0.20 + 0.04 0.27 0.12 0.12 0.12 0.12 + 0.01 0.23 0.08 0.28 0.22 0.28 + 0.03 0.59 0.18 0.21 0.14 0.19 + 0.05 0.38 0.12 0.13 0.10 0.13 + 0.03 0.28 0.08 0.00 0.00 0.00 + 0.00 0.00 0.00 0.12 0.10 0.12 + 0.02 0.14 0.06 0.17 0.15 0.17 - 0.01 0.25 0.09 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.25 0.25 0.25 unch 0.00 0.40 0.08 0.20 0.17 0.19 + 0.01 0.31 0.06 1.64 1.32 1.44 - 0.01 2.72 0.58 9.91 7.83 9.02 + 0.89 10.50 4.64 7.15 5.61 6.42 + 0.63 7.90 3.32 0.08 0.04 0.08 + 0.02 0.11 0.03 0.12 0.10 0.12 + 0.02 0.20 0.05 0.06 0.05 0.06 + 0.01 0.12 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.00 0.04 unch 0.00 0.09 0.01 0.11 0.00 0.11 + 0.01 0.17 0.07 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.07 0.06 0.07 + 0.01 0.20 0.06

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Scandium Intl* O 97 Scorpio Gold V 489 53 Scorpio Gold * O Scotch Creek C 1 Scottie Res* O 555 Scottie Res V 862 ScoZinc Mg V 117 ScoZinc Mg* O 87 Seabridge Gld* N 4639 Seabridge Gld T 1043 Search Mnls V 227 Searchlight* O 52 O 18 SearchlightMin* SearchlightRes V 208 Sego Res V 188 Select Sands V 199 T 13826 Semafo Sentinel Res C 20 Serabi Gold T 36 Serabi Gold* O 100 Serengeti Res V 339 O 0 Shear Diamonds* Sherritt Intl T 1404 Shine Minerals V 3 O 1 Shine Minerals* Sibanye-Stillw* N 16241 O 4837 Sidney Resrces* Sienna Res V 6307 Sienna Res* O 98 Sierra Metals* X 91 Sierra Metals T 118 Sigma Lithium V 0 Signature Res* O 176 Signature Res V 468 245 T Silver Bear Rs 98 Silver Bear Rs* O 1710 O Silver Bull Re* 579 T Silver Bull Re Silver Eleph* O 713 Silver Eleph T 2812 Silver Grail V 127 41 Silver Mtn Mns* O 138 Silver Mtn Mns V Silver One V 1785 Silver One* O 1659 Silver Predatr V 71 Silver Predatr* O 10 Silver Range V 125 Silver Range* O 120 Silver Scott* O 62 Silver Spruce* O 22 Silver Spruce V 1640 Silver Viper V 230 Silver Viper* O 6 Silvercorp Met T 5466 Silvercorp Met* X 14091 SilverCrest* X 5046 T 3290 SilverCrest Silverstar Res* O 5 Sirios Res V 670 Sirios Res* O 45 Sitka Gold C 491 Sitka Gold* O 80 Sixty North C 96 Sixty North* O 30 Skeena Res V 1237 Skeena Res* O 599 SKRR Explor V 108 V 694 Sky Gold Sky Gold* O 270 O 913 Skyharbour Res* V 2405 Skyharbour Res Slam Explor V 70 Sokoman Min V 1162 Sokoman Min* O 76 SolGold plc T 238 SolGold plc* O 60 Solitario Ex&R* X 233 Solitario Ex&R T 38 Solstice Gold V 535 100 Sonora Gld & S V Sonoro Metals* O 118 Sonoro Metals V 206 O 59 South32* Southern Arc* O 1 Southern Arc V 23 Southern Copp* N 3961 Southern Emp V 72 Southern Silvr V 666 Southern Silvr* O 290 SouthGobi Res T 2 V 97 Southstone Min 507 Spanish Mtn Gd V 408 Spanish Mtn Gd* O Sparton Res V 976 Sparton Res* O 59 O 4 Spearmint Res* Spearmint Res C 2309 C 283 Spey Resources Sphinx Res V 100 110 T Sprott Res Hld 619 Spruce Ridge R V SRG Mining V 152 SSR Mining* D 9714 SSR Mining T 2462 St Augustine T 201 C 1032 St-Georges Eco O 3 St-Georges Eco* Stakeholdr Gld V 209 O 50 Stakeholdr Gld* O 669 Standard Graph* Standard Lith V 272 O 373 Standard Metal* Stans Energy V 151 Stans Energy* O 136 Star Diamond T 996 Star Diamond* O 27 Star Gold* O 144 Starcore Intl T 387 908 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 5 Stellar Africa V 35 Stelmine Can V 120 Steppe Gold T 489 Stevens Gold C 4 O 5790 Stornoway Diam* Stratabd Mnr V 80 Strateco Res* O 236 Strategic Metl V 534 Strategic Metl* O 681 Strategic Res V 0 Strategic Res* O 0 Stria Lithium V 225 Strikepoint Gd V 748 Strikepoint Gd* O 47 V 1243 Strongbow Expl O 103 Strongbow Expl* Stroud Res V 7 Stuhini Explor V 36 Sulliden Mng T 123 Sun Metals V 687 Suncor Energy T 30941 Suncor Energy* N 37297 Superior Gold* O 10 Superior Gold V 447 Superior Mng V 1358 O 2 Supreme Metal* C 544 Supreme Metals Surge Copper V 535 Surge Explor* O 145 Surge Explor V 3801 Sutter Gold* O 116 Syrah Res* O 282

0.03 0.05 + 0.01 0.15 0.05 0.03 0.05 0.08 + 0.01 0.15 0.11 0.07 0.10 0.03 0.05 0.06 + 0.01 0.07 0.06 0.00 0.12 unch 0.07 0.07 0.07 0.07 0.15 + 0.03 0.23 0.16 0.13 0.11 0.22 + 0.03 0.30 0.22 0.18 0.29 0.40 + 0.04 0.90 0.40 0.29 0.21 0.28 + 0.05 0.59 0.28 0.00 5.25 11.87 + 1.03 16.55 13.28 10.49 7.37 16.65 + 1.50 21.98 18.40 14.66 0.03 unch 0.00 0.06 0.04 0.05 0.04 0.00 0.00 0.10 0.03 + 0.03 0.02 0.01 unch 0.00 0.06 0.01 0.01 0.01 0.02 0.03 - 0.01 0.05 0.04 0.03 0.03 0.04 - 0.01 0.07 0.05 0.04 0.01 unch 0.00 0.10 0.02 0.02 0.01 1.57 3.37 + 0.05 5.75 3.79 3.20 0.10 unch 0.00 0.15 0.10 0.10 0.10 0.45 1.26 + 0.28 1.69 1.32 0.98 0.62 unch 0.00 1.08 0.82 0.82 0.82 0.15 0.15 - 0.01 0.36 0.16 0.15 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 0.11 - 0.01 0.40 0.12 0.11 0.01 unch 0.00 0.08 0.03 0.00 0.00 0.01 0.02 + 0.01 0.05 0.02 0.01 8.17 6.37 6.89 + 0.41 11.85 3.50 0.00 0.05 + 0.00 0.05 0.05 0.04 0.03 0.05 + 0.01 0.10 0.06 0.05 0.02 0.04 + 0.01 0.08 0.04 0.03 0.45 0.75 + 0.03 1.90 0.81 0.72 0.89 1.06 + 0.06 2.50 1.15 0.00 1.40 unch 0.00 2.08 1.89 1.89 0.00 0.02 0.04 + 0.00 0.07 0.04 0.04 0.02 unch 0.00 0.09 0.05 0.06 0.05 0.25 0.05 0.11 0.12 + 0.01 0.14 0.18 0.05 - 0.00 0.07 0.08 0.08 0.12 0.02 0.05 0.06 + 0.00 0.07 0.16 0.03 0.08 0.09 + 0.01 0.09 0.06 0.11 + 0.00 0.43 0.13 0.10 0.10 0.16 - 0.01 0.55 0.18 0.14 0.02 unch 0.00 0.12 0.07 0.07 0.06 0.02 0.00 0.01 0.01 + 0.00 0.01 0.02 0.01 0.00 0.01 unch 0.00 0.01 0.13 0.32 - 0.02 0.50 0.38 0.30 0.09 0.23 - 0.01 0.37 0.27 0.21 0.04 0.08 + 0.02 0.17 0.11 0.07 0.05 unch 0.00 0.12 0.06 0.06 0.06 0.07 0.09 + 0.01 0.14 0.10 0.08 0.05 0.08 + 0.02 0.11 0.08 0.05 0.01 0.08 - 0.03 0.13 0.11 0.06 0.01 0.01 - 0.01 0.05 0.03 0.01 0.02 unch 0.00 0.07 0.03 0.04 0.03 0.18 0.30 - 0.01 0.43 0.34 0.00 0.00 0.24 + 0.01 2.21 0.24 0.23 2.12 4.72 - 0.65 7.69 6.33 4.68 1.50 3.35 - 0.51 5.93 4.56 3.33 2.96 5.68 + 0.15 8.30 6.60 5.48 9.15 7.67 7.90 + 0.20 10.98 3.99 0.02 unch 0.00 0.14 0.06 0.06 0.06 0.08 0.12 + 0.02 0.25 0.14 0.10 0.07 unch 0.00 0.17 0.09 0.09 0.09 0.05 0.10 + 0.01 0.26 0.11 0.09 0.03 0.07 + 0.02 0.18 0.08 0.07 0.03 0.03 + 0.01 0.09 0.03 0.03 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.35 0.95 + 0.01 1.20 1.06 0.92 0.26 0.69 + 0.00 0.92 0.77 0.65 0.16 0.30 + 0.07 0.40 0.30 0.23 0.05 0.08 + 0.02 0.70 0.10 0.00 0.04 0.05 - 0.00 0.71 0.07 0.05 0.06 0.13 + 0.03 0.29 0.14 0.10 0.08 0.18 + 0.05 0.38 0.19 0.14 0.01 0.02 + 0.01 0.03 0.02 0.01 0.04 0.10 + 0.02 0.13 0.10 0.08 0.04 0.06 + 0.01 0.09 0.06 0.05 0.19 0.36 + 0.03 0.71 0.38 0.29 0.13 0.25 + 0.02 0.54 0.27 0.21 0.13 0.22 - 0.00 0.43 0.22 0.20 0.22 0.28 - 0.01 0.55 0.29 0.28 0.02 0.06 - 0.01 0.27 0.07 0.06 0.07 0.03 0.04 0.04 unch 0.00 0.04 0.06 0.09 + 0.02 0.15 0.09 0.07 0.07 0.13 + 0.02 0.19 0.13 0.11 0.89 1.30 + 0.03 2.47 1.30 0.00 0.17 0.25 + 0.01 0.37 0.25 0.24 0.24 0.29 + 0.02 0.50 0.35 0.00 23.43 30.26 - 0.86 44.82 32.27 28.12 0.40 0.50 + 0.10 0.50 0.50 0.40 0.06 0.14 - 0.02 0.31 0.16 0.14 0.05 0.10 - 0.01 0.23 0.12 0.10 0.07 unch 0.00 0.18 0.09 0.09 0.09 0.04 unch 0.00 0.20 0.05 0.05 0.04 0.14 0.05 - 0.01 0.08 0.09 0.10 0.11 0.03 - 0.01 0.06 0.06 0.09 0.02 unch 0.00 0.06 0.03 0.03 0.03 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.01 0.03 + 0.02 0.03 0.03 0.01 0.01 0.03 + 0.01 0.04 0.03 0.02 0.02 0.02 - 0.01 0.08 0.03 0.02 0.01 0.01 - 0.01 0.04 0.02 0.01 1.77 0.24 - 0.01 0.25 0.29 0.35 0.09 0.03 - 0.01 0.04 0.04 0.05 0.22 0.40 + 0.05 1.10 0.44 0.32 9.00 15.07 + 0.41 19.42 16.75 13.96 12.12 21.21 + 0.74 25.57 23.25 19.51 0.01 0.02 - 0.01 0.03 0.02 0.00 0.03 0.04 + 0.01 0.17 0.05 0.04 0.02 unch 0.00 0.12 0.02 0.02 0.02 0.02 0.04 + 0.01 0.08 0.04 0.03 0.01 0.02 - 0.01 0.04 0.02 0.01 0.05 0.07 + 0.00 0.49 0.08 0.06 0.39 0.62 + 0.04 1.08 0.64 0.58 0.03 0.03 - 0.00 0.08 0.04 0.03 0.01 unch 0.00 0.11 0.01 0.02 0.00 0.00 unch 0.00 0.08 0.01 0.01 0.01 0.18 0.26 + 0.01 0.53 0.26 0.24 0.14 0.17 - 0.01 0.41 0.18 0.00 0.02 0.05 + 0.01 0.09 0.06 0.05 0.05 0.12 + 0.03 0.14 0.12 0.10 0.59 0.18 0.34 0.38 + 0.04 0.38 0.20 unch 0.00 1.00 0.36 0.00 0.00 0.01 unch 0.00 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.02 0.00 0.04 0.05 + 0.02 0.17 0.05 0.05 0.59 0.88 + 0.04 1.14 0.97 0.82 0.25 unch 0.00 0.27 0.27 0.27 0.27 0.00 0.00 + 0.00 0.06 0.00 0.00 0.02 0.06 - 0.01 0.13 0.07 0.00 0.00 0.00 - 0.00 0.01 0.00 0.00 0.25 0.40 + 0.11 0.57 0.43 0.29 0.18 0.29 + 0.07 0.43 0.30 0.20 0.18 unch 0.00 0.70 0.21 0.00 0.00 0.14 unch 0.00 0.46 0.14 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.02 unch 0.00 0.16 0.03 0.03 0.03 0.01 0.02 + 0.00 0.12 0.03 0.02 0.03 0.08 - 0.01 0.15 0.09 0.07 0.01 0.06 - 0.01 0.09 0.09 0.00 0.05 0.18 - 0.01 0.37 0.18 0.16 0.12 0.22 + 0.05 0.35 0.22 0.17 0.03 0.05 + 0.01 0.10 0.05 0.00 0.06 unch 0.00 0.63 0.08 0.09 0.08 14.02 21.37 - 1.38 46.00 23.68 20.15 9.61 15.23 - 1.06 34.56 16.98 14.29 0.26 0.48 + 0.02 0.84 0.53 0.00 0.33 0.70 + 0.04 1.14 0.79 0.64 0.05 0.16 + 0.01 0.25 0.16 0.16 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 0.01 + 0.01 0.02 0.01 0.01 0.02 0.11 + 0.07 0.11 0.11 0.04 0.00 0.01 + 0.00 0.08 0.01 0.00 0.01 0.01 + 0.01 0.10 0.01 0.01 0.00 0.00 - 0.00 0.01 0.00 0.00 0.09 0.16 + 0.01 0.94 0.19 0.15

Taiga Gold C 229 Taiga Gold* O 31 V 992 Tajiri Res Taku Gold* O 204 Taku Gold C 246 Talisker Res C 977 Talisker Res* O 49 Talmora Diamd C 80 Talon Metals T 288 Tamino Mnrls* O 5558 Tanqueray Expl V 1648 Tantalex Res C 3270 Tanzanian Gold T 139 X 2141 Tanzanian Gold* Tarachi Gold C 50 Taranis Res V 70

0.06 0.12 + 0.01 0.15 0.12 0.10 0.04 0.09 - 0.00 0.11 0.09 0.00 0.03 0.07 + 0.03 0.08 0.07 0.03 0.01 0.03 - 0.00 0.08 0.04 0.03 0.03 0.04 - 0.01 0.10 0.05 0.04 0.08 0.35 + 0.06 0.65 0.40 0.29 0.05 0.25 + 0.03 0.47 0.28 0.21 0.01 unch 0.00 0.05 0.02 0.02 0.01 0.08 0.01 0.25 0.11 + 0.11 0.00 0.00 0.00 + 0.00 0.01 0.00 0.00 0.45 0.86 + 0.11 0.90 0.90 0.75 0.01 0.01 - 0.01 0.05 0.01 0.01 0.55 0.75 - 0.02 1.56 0.84 0.71 0.36 0.54 - 0.01 1.20 0.61 0.50 0.04 unch 0.00 0.15 0.15 0.15 0.15 0.04 0.08 - 0.02 0.10 0.09 0.04

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / APRIL 27–MAY 10, 2020

Week

12-month

Exc Volume High Low Last Change High Low

Taranis Res* O 109 Tarku Res V 185 Tartisan Nick* O 4 Tartisan Nick C 310 Taseko Mines T 633 Taseko Mines* X 2033 Teck Res T 14088 Teck Res* N 24026 Teck Res T 36 Tectonic Metal V 380 Tectonic Metal* O 115 Telson Res V 655 Telson Res * O 5 Tembo Gold* O 14 Tembo Gold V 8649 Teranga Gold* O 867 Teranga Gold T 17756 Teras Res V 161 Teras Res* O 89 Terrax Mnrls V 929 Terrax Mnrls* O 158 Terreno Res V 46 Teslin Rvr Res V 1159 Tesoro Mnrls V 21 Tethyan Res V 213 Teuton Res V 215 Teuton Res* O 12 Texas Mineral* O 936 Themac Res* O 6 Themac Res V 10 Thor Expl V 181 Thunder Mtn Gd V 70 Thunder Mtn Gd* O 7 Thunderstruck V 181 Thunderstruck* O 75 Tiger Intl V 26 Till Capital V 1 Timberline Res V 122 Timberline Res* O 125 Tinka Res* O 392 Tinka Res V 1669 Tintina Mines V 14 Tisdale Res V 3 Titan Mining T 32 Titan Mining* O 21 Titanium Corp V 196 TMAC Resource* O 311 TMAC Resources T 3778 TNR Gold V 118 Tocvan Venture C 374 Tombstone Expl* O 13 Tonogold Res* O 33 Torex Gold* O 480 Torex Gold T 3177 Torq Resources* O 35 Torq Resources V 118 Tower Res* O 9 Tower Res V 62 Transition Met V 443 Transition Met* O 85 Treasury Metal T 2334 Treasury Metal* O 507 Trecora Res* N 343 Tres-Or Res* O 0 Tres-Or Res V 165 Trevali Mng* O 154 Trevali Mng T 4728 Tri Origin Exp V 1365 Trifecta Gold* O 1 Trifecta Gold V 54

0.07 0.03 0.03 - 0.04 0.08 0.03 0.07 0.06 0.07 - 0.01 0.23 0.04 0.04 0.04 0.04 + 0.00 0.10 0.02 0.06 0.05 0.05 - 0.01 0.12 0.03 0.43 0.39 0.43 + 0.02 1.01 0.28 0.31 0.27 0.31 + 0.02 0.76 0.20 12.47 10.84 11.07 unch 0.00 34.10 8.15 8.99 7.70 7.90 - 0.01 25.45 5.60 17.75 14.98 16.00 + 0.49 34.00 9.00 0.20 0.15 0.17 + 0.02 0.31 0.10 0.14 0.11 0.14 + 0.03 0.14 0.11 0.10 0.09 0.10 + 0.03 0.40 0.04 0.07 0.07 0.07 + 0.02 0.30 0.04 0.03 0.02 0.02 - 0.00 0.03 0.01 0.04 0.01 0.04 + 0.03 0.04 0.01 7.44 6.09 6.91 + 0.57 7.44 2.23 10.50 8.49 9.65 + 0.73 10.50 2.97 0.05 0.05 0.05 + 0.01 0.08 0.02 0.04 0.03 0.04 + 0.01 0.05 0.02 0.29 0.22 0.27 + 0.05 0.44 0.16 0.21 0.16 0.19 + 0.05 0.34 0.11 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.18 0.16 0.17 + 0.01 0.55 0.14 0.04 0.03 0.04 unch 0.00 0.07 0.03 0.14 0.11 0.11 - 0.03 0.70 0.06 0.52 0.00 0.52 + 0.10 0.65 0.16 0.36 0.30 0.36 + 0.04 0.49 0.11 0.80 0.68 0.80 - 0.01 1.58 0.12 0.06 0.06 0.06 + 0.00 0.07 0.02 0.08 0.08 0.08 unch 0.00 0.08 0.03 0.18 0.14 0.18 + 0.02 0.18 0.12 0.07 0.07 0.07 unch 0.00 0.17 0.07 0.09 0.07 0.09 - 0.01 0.14 0.03 0.07 0.06 0.07 + 0.01 0.08 0.03 0.05 0.04 0.05 + 0.01 0.06 0.02 0.20 0.15 0.20 unch 0.00 0.20 0.04 1.85 1.60 1.85 unch 0.00 2.54 1.00 0.07 0.06 0.07 unch 0.00 0.14 0.06 0.05 0.00 0.05 - 0.00 0.11 0.02 0.09 0.08 0.09 + 0.01 0.25 0.05 0.14 0.12 0.13 + 0.01 0.34 0.07 0.04 0.03 0.04 + 0.01 0.08 0.02 0.08 0.00 0.08 unch 0.00 0.19 0.04 0.19 0.17 0.17 - 0.03 0.58 0.14 0.12 0.11 0.12 + 0.01 0.40 0.11 0.38 0.28 0.32 - 0.02 0.82 0.28 0.93 0.50 0.75 + 0.31 5.27 0.31 1.37 0.69 1.08 + 0.43 6.95 0.44 0.03 0.00 0.03 unch 0.00 0.05 0.02 0.22 0.19 0.22 + 0.03 0.24 0.07 3.00 0.85 2.43 - 0.07 3.80 0.50 0.43 0.26 0.43 + 0.09 0.55 0.14 12.43 9.38 10.80 + 0.97 17.13 6.19 17.25 12.94 15.13 + 1.42 22.45 8.79 0.31 0.00 0.30 - 0.00 0.42 0.21 0.44 0.39 0.42 + 0.01 0.59 0.27 0.02 0.02 0.02 + 0.01 0.05 0.01 0.03 0.03 0.03 + 0.01 0.07 0.02 0.21 0.18 0.21 + 0.02 0.24 0.10 0.14 0.00 0.14 + 0.03 0.18 0.08 0.30 0.23 0.26 + 0.03 0.42 0.15 0.22 0.16 0.19 + 0.02 0.32 0.11 5.95 4.93 5.64 + 0.61 10.54 4.23 0.00 0.00 0.05 unch 0.00 0.15 0.01 0.08 0.07 0.08 + 0.01 0.30 0.06 0.09 0.07 0.07 - 0.01 0.29 0.05 0.12 0.10 0.11 - 0.01 0.42 0.07 0.02 0.01 0.02 + 0.01 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.04 0.02 0.03 unch 0.00 0.05 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Trilogy Mtls T 68 Trilogy Mtls* X 673 TriMetals Mng* O 99 Trinity Res* O 0 Trinity Valley V 561 Trinity Valley* O 0 Trio Resources* O 455 TriStar Gold V 227 TriStar Gold* O 123 Triumph Gold V 463 Triumph Gold* O 262 Troilus Gold* O 99 Troilus Gold T 834 Troubadour Res V 50 Troy Res* O 500 True North Gem* O 0 True North Gem V 0 Tsodilo Res V 385 Tudor Gold V 965 Tudor Gold * O 47 Turmalina Met* O 317 Turmalina Met V 1213 Turquoise HIl* N 8709 Turquoise HIl T 2538 TVI Pacific V 1012 TVI Pacific* O 26 Tyhee Gold* O 90 Typhoon Expl V 47

2.30 1.78 2.09 - 0.17 4.10 1.50 1.65 1.44 1.52 - 0.10 3.13 1.03 0.06 0.05 0.06 - 0.00 0.13 0.03 0.00 0.00 0.08 unch 0.00 0.50 0.01 0.08 0.05 0.07 + 0.02 0.15 0.04 0.00 0.00 0.03 unch 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.33 0.00 0.31 + 0.02 0.37 0.13 0.24 0.19 0.21 + 0.01 0.28 0.10 0.22 0.15 0.18 + 0.02 0.58 0.07 0.15 0.11 0.14 + 0.02 0.44 0.06 0.64 0.55 0.57 + 0.06 0.67 0.30 0.88 0.75 0.79 + 0.04 0.90 0.42 0.03 0.00 0.03 unch 0.00 0.13 0.02 0.04 0.00 0.04 unch 0.00 0.09 0.03 0.00 0.00 0.02 unch 0.00 0.14 0.02 0.00 0.00 0.05 unch 0.00 0.20 0.04 0.08 0.05 0.07 + 0.02 0.20 0.05 0.65 0.56 0.59 + 0.01 1.07 0.26 0.47 0.41 0.41 - 0.01 0.81 0.20 0.42 0.30 0.42 + 0.12 0.65 0.20 0.60 0.43 0.54 + 0.10 0.86 0.27 0.55 0.45 0.46 - 0.04 1.64 0.30 0.75 0.63 0.66 - 0.06 2.20 0.43 0.02 0.01 0.01 - 0.01 0.02 0.01 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.00 0.04 unch 0.00 0.07 0.02

U.S. Gold* D 211 U.S. Lithium* O 537 U3O8 Corp* O 11 UC Res* O 87 Ucore Rare Mtl V 544 Ucore Rare Mtl* O 901 UEX Corp T 5969 Ultra Resource* O 10 Ultra Resource V 26 Umbral Enrgy* O 176 Unigold* O 124 Unigold V 2674 United Battery C 6 United Battery* O 3 United Res Hdg* O 46 United States A* X 129 United States S* N 70255 Universal Cop V 321 Universal Vent V 74 Ur-Energy* X 3052 Ur-Energy T 509 Uragold Bay Rs V 590 Uranium Energy* X 9021 Uranium Hunter* O 14 Uranium Res* D 1116 Uranium Roylty V 279 Uranium Roylty* O 124 Uravan Mnrls* O 42 Uravan Mnrls V 403 UrbanGold Min V 1058 USCorp* O 3 Usha Res V 100 Val-d’Or Mg V 156 Val-d’Or Mg* O 46 Vale* N 96501 Valley High Mg* O 1283 ValOre Metals* O 37 ValOre Metals V 315 Valterra Res* O 144 Valterra Res V 25

5.48 4.61 4.85 - 0.10 15.30 2.61 0.58 0.45 0.55 unch 0.00 1.74 0.18 0.03 0.03 0.03 unch 0.00 0.16 0.03 0.16 0.13 0.14 - 0.03 0.70 0.09 0.13 0.12 0.12 + 0.01 0.34 0.09 0.09 0.08 0.09 - 0.00 0.25 0.06 0.18 0.13 0.17 + 0.05 0.20 0.07 0.04 0.03 0.04 + 0.02 0.08 0.01 0.07 0.05 0.05 - 0.02 0.10 0.02 0.12 0.10 0.11 + 0.01 0.47 0.07 0.14 0.11 0.12 + 0.01 0.21 0.07 0.22 0.14 0.18 + 0.04 0.27 0.09 0.14 0.00 0.11 + 0.01 0.30 0.01 0.10 0.06 0.08 + 0.00 0.24 0.03 0.03 0.02 0.03 + 0.01 0.09 0.02 0.38 0.34 0.36 - 0.00 0.80 0.25 7.14 6.30 6.79 - 0.02 16.99 4.54 0.12 0.04 0.09 + 0.05 0.36 0.03 4.48 3.99 4.30 + 0.06 6.50 3.45 0.55 0.45 0.52 + 0.06 0.99 0.27 0.78 0.62 0.74 + 0.10 1.30 0.39 0.08 0.06 0.08 + 0.02 0.11 0.05 0.83 0.64 0.83 + 0.17 1.48 0.35 1.39 0.00 1.17 - 0.23 3.50 0.55 1.35 0.97 1.11 + 0.11 9.50 0.25 1.19 1.05 1.14 + 0.15 1.28 0.80 0.85 0.75 0.84 + 0.09 0.95 0.56 0.01 0.00 0.01 + 0.01 0.04 0.00 0.03 0.02 0.02 unch 0.00 0.04 0.01 0.09 0.09 0.09 unch 0.00 0.18 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.11 0.10 0.10 - 0.02 0.19 0.10 0.14 0.00 0.10 + 0.02 0.15 0.03 0.10 0.00 0.07 - 0.00 0.12 0.04 8.88 7.97 8.36 - 0.14 14.19 6.49 0.00 0.00 0.00 + 0.00 0.01 0.00 0.20 0.00 0.17 - 0.02 0.31 0.09 0.27 0.22 0.24 - 0.02 0.41 0.14 0.03 0.03 0.03 unch 0.00 0.28 0.03 0.06 0.03 0.06 + 0.03 0.35 0.03

U-V

(100s) Stock

Week

12-month

(100s)

Exc Volume High Low Last Change High Low

Vanadian Enrgy* O 23 Vanadian Enrgy V 202 Vanadium One* O 0 Vanadium One V 313 Vanadiumcorp* O 109 Vanadiumcorp V 368 Vangold Res V 649 Vangold Res* O 1 Vanstar Mng Rs* O 932 Vanstar Mng Rs V 1752 Vantex Res V 10 Velocity Mnrls V 151 Vendetta Mng V 661 Vendetta Mng* O 8 Venerable Vent V 10 Venture Mnrls* O 25 Verde Potash T 101 Veris Gold* O 44 Vertical Expl V 750 Victoria Gold T 621 Victoria Gold* O 209 Victory Metals* O 58 Victory Metals V 100 Victory Nickel* O 10 Victory Nickel C 22 Virginia Enrgy* O 273 Virginia Enrgy V 29 Viscount Mng V 43 Visible Gold M V 108 Visible Gold M* O 0 Vision Lithium V 288 Vision Lithium* O 0 Vista Gold* X 1928 Vista Gold T 164 Viva Gold* O 2 Viva Gold V 23 Vizsla Res V 1691 Vizsla Res * O 774 Volcanic Gold V 5 Volt Energy* O 1 Volt Energy V 215 Voyageur Min V 341 VR Resources* O 236 VR Resources V 227 Vulcan Mnrls V 145 VVC Expl V 490

Stock

Week

12-month

Exc Volume High Low Last Change High Low

Western Copper* X 808 0.62 0.50 0.58 + 0.05 0.89 0.31 Western Mag V 1209 0.18 0.13 0.17 + 0.04 0.35 0.05 Western Mag* O 961 0.13 0.08 0.12 + 0.03 0.43 0.03 Western Pac Rs* O 2 0.21 0.21 0.21 unch 0.00 0.41 0.16 Western Potash T 129 0.19 0.17 0.19 + 0.01 0.55 0.11 Western U&V* O 151 0.66 0.58 0.62 + 0.04 1.15 0.15 Western U&V C 122 0.90 0.80 0.88 + 0.07 1.49 0.25 Westgold Res* O 23 1.40 1.00 1.40 + 0.40 1.67 0.94 Westhaven Vent* O 88 0.48 0.42 0.43 + 0.00 0.93 0.25 Westhaven Vent V 411 0.64 0.58 0.59 - 0.01 1.25 0.35 Westkam Gold* O 3 0.08 0.00 0.06 - 0.00 0.44 0.02 Westkam Gold V 53 0.11 0.00 0.10 unch 0.00 0.35 0.10 Westminster Rs V 55 0.04 0.04 0.04 unch 0.00 0.28 0.04 Westmoreland* O 1 0.01 0.01 0.01 unch 0.00 0.03 0.01 WestMountain* O 1 2.25 2.25 2.25 unch 0.00 3.00 1.00 Wheaton Prec M* N 16324 35.39 31.24 34.33 + 2.35 35.39 18.66 Wheaton Prec M T 8510 49.10 43.64 48.16 + 3.45 49.10 26.50 White Gold* O 150 0.50 0.41 0.46 + 0.03 1.05 0.29 White Gold V 745 0.69 0.57 0.63 + 0.04 1.38 0.41 White Metal R* O 9 0.03 0.02 0.03 + 0.00 0.05 0.00 White Metal Rs V 873 0.03 0.03 0.03 unch 0.00 0.07 0.02 White Mtn Engy* O 128 0.02 0.02 0.02 + 0.00 0.07 0.00 Whitehaven Coa* O 5 1.18 1.18 1.18 unch 0.00 3.02 0.91 Wildsky Res* O 20 0.04 0.04 0.04 unch 0.00 0.11 0.04 Wildsky Res V 4 0.08 0.00 0.08 - 0.01 0.14 0.01 Winshear Gold V 56 0.09 0.05 0.09 + 0.04 0.20 0.05 Winshear Gold* O 3 0.03 0.03 0.03 unch 0.00 0.10 0.02 Winston Gold C 127 0.09 0.08 0.08 + 0.01 0.17 0.01 Winston Gold* O 662 0.06 0.05 0.06 + 0.01 0.13 0.00 Wolfden Res V 390 0.12 0.11 0.11 + 0.01 0.19 0.07 Wolfden Res* O 46 0.07 0.07 0.07 + 0.00 0.14 0.05 Wolfeye Res V 676 0.64 0.50 0.64 + 0.12 1.00 0.43 Worldwide Res* O 40 0.02 0.02 0.02 + 0.00 0.05 0.02 Worldwide Res V 53 0.03 0.02 0.02 unch 0.00 0.07 0.02 X-Terra Res V 371 0.08 0.06 0.08 + 0.01 0.15 0.03 X-Terra Res* O 40 0.04 0.04 0.04 unch 0.00 0.10 0.03 Xanadu Mines T 176 0.03 0.03 0.03 unch 0.00 0.11 0.01 Xiana Mng V 48 0.10 0.10 0.10 unch 0.00 0.60 0.09 Xiana Mng* O 70 0.10 0.10 0.10 unch 0.00 0.36 0.08 Ximen Mining* O 64 0.25 0.22 0.25 + 0.03 0.60 0.21 Ximen Mining V 71 0.37 0.34 0.35 - 0.01 0.79 0.26 Xtierra Inc V 218 0.03 0.03 0.03 unch 0.00 0.08 0.03 Xtra-Gold Res* O 36 0.36 0.34 0.35 - 0.01 0.50 0.20 Xtra-Gold Res T 132 0.50 0.48 0.48 - 0.01 0.66 0.28 Yamana Gold T 42536 6.36 4.98 5.98 + 0.74 6.56 2.41 Yamana Gold* N 136022 4.59 3.56 4.26 + 0.54 4.94 1.78 Yanzhou Coal* O 172 0.76 0.76 0.76 unch 0.00 1.08 0.64 Yorbeau Res* O 50 0.02 0.02 0.02 unch 0.00 0.02 0.02 Yorbeau Res T 700 0.04 0.04 0.04 - 0.01 0.05 0.02 Zadar Ventures* O 0 0.11 0.11 0.11 unch 0.00 0.15 0.07 Zadar Ventures V 100 0.17 0.17 0.17 unch 0.00 0.20 0.08 Zanaga Iron* O 525 0.00 0.00 0.13 unch 0.00 0.13 0.10 Zanzibar Gold C 9 0.06 0.00 0.06 + 0.03 0.31 0.03 Zara Res* O 366 0.01 0.01 0.01 - 0.00 0.61 0.00 ZEN Graphene* O 40 0.23 0.20 0.20 + 0.00 0.46 0.17 ZEN Graphene V 297 0.32 0.29 0.29 - 0.01 0.61 0.26 Zena Mining V 18 0.04 0.04 0.04 unch 0.00 0.10 0.04 Zenith Explor C 15 0.02 0.02 0.02 unch 0.00 0.20 0.02 Zephyr Mnls V 139 0.22 0.20 0.21 - 0.01 0.34 0.15 Zephyr Mnls* O 113 0.15 0.15 0.15 + 0.00 0.54 0.12 Zimtu Capital V 154 0.09 0.08 0.08 unch 0.00 0.29 0.08 Zinc One Res V 218 0.01 0.01 0.01 unch 0.00 0.08 0.01 Zinc One Res * O 24 0.01 0.00 0.00 - 0.01 0.06 0.00 ZincX Res V 98 0.12 0.10 0.12 + 0.02 0.21 0.06 ZincX Res* O 154 0.07 0.06 0.07 - 0.00 0.16 0.04 Zonte Metals V 31 0.21 0.19 0.21 - 0.01 0.39 0.17 Zonte Metals* O 16 0.16 0.14 0.16 + 0.02 0.30 0.12

0.02 0.02 0.02 + 0.01 0.04 0.00 0.03 0.00 0.03 + 0.01 0.06 0.01 0.00 0.00 0.03 unch 0.00 0.12 0.03 0.07 0.06 0.06 + 0.01 0.18 0.04 0.03 0.03 0.03 - 0.00 0.10 0.02 0.05 0.04 0.05 + 0.01 0.08 0.03 0.06 0.00 0.05 + 0.01 0.06 0.03 0.00 0.00 0.04 unch 0.00 0.04 0.03 0.73 0.55 0.71 + 0.16 0.73 0.14 1.01 0.80 0.99 + 0.20 1.01 0.19 0.18 0.18 0.18 + 0.01 0.31 0.10 0.42 0.36 0.36 + 0.01 0.58 0.20 0.04 0.03 0.04 - 0.01 0.12 0.03 0.03 0.03 0.03 unch 0.00 0.09 0.01 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.48 0.41 0.48 + 0.06 0.82 0.21 0.05 0.00 0.02 - 0.02 0.10 0.00 0.03 0.02 0.03 unch 0.00 0.08 0.02 8.35 7.45 7.92 + 0.37 9.90 4.02 5.90 5.32 5.72 + 0.30 7.56 2.88 0.20 0.17 0.18 - 0.00 0.54 0.11 0.26 0.23 0.25 unch 0.00 0.75 0.17 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.06 0.04 0.05 + 0.00 0.25 0.03 0.10 0.00 0.09 + 0.04 0.37 0.04 0.33 0.29 0.31 - 0.01 0.35 0.15 0.07 0.00 0.06 - 0.01 0.14 0.04 0.06 0.00 0.02 - 0.03 0.07 0.02 0.04 0.03 0.03 unch 0.00 0.11 0.01 0.00 0.00 0.03 unch 0.00 0.07 0.01 0.69 0.56 0.62 + 0.06 1.05 0.36 0.96 0.77 0.86 + 0.08 1.39 0.51 0.19 0.19 0.19 + 0.05 0.26 0.09 0.26 0.24 0.26 + 0.05 0.37 0.14 0.48 0.34 0.41 + 0.05 0.96 0.13 0.34 0.24 0.29 + 0.04 0.73 0.16 0.17 0.16 0.17 + 0.03 0.31 0.05 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.04 0.02 0.03 - 0.01 0.10 0.02 0.09 0.07 0.07 - 0.01 0.12 0.05 0.22 0.13 0.22 + 0.06 0.35 0.09 0.34 0.19 0.28 + 0.07 0.50 0.12 0.04 0.04 0.04 + 0.01 0.21 0.02 0.03 0.03 0.03 + 0.01 0.06 0.02

W-Z Walcott Res C 46 0.11 0.09 0.09 - 0.02 0.20 0.09 Walker Lane* O 92 0.07 0.06 0.06 - 0.01 0.35 0.02 Walker River* O 17 0.06 0.05 0.06 + 0.01 0.15 0.05 Walker River V 4425 0.10 0.08 0.08 - 0.01 0.21 0.06 Wallbridge Mng* O 1312 0.58 0.42 0.50 + 0.04 0.75 0.20 Wallbridge Mng T 6121 0.78 0.60 0.69 + 0.06 0.98 0.27 Warrior Gold* O 0 0.00 0.00 0.03 unch 0.00 0.09 0.03 Warrior Gold V 518 0.05 0.04 0.05 unch 0.00 0.13 0.03 Waseco Res V 160 0.04 0.04 0.04 + 0.01 0.05 0.02 Wealth Mnrls V 788 0.16 0.10 0.14 + 0.03 0.65 0.10 Wealth Mnrls* O 1042 0.13 0.07 0.11 + 0.02 0.50 0.07 Wescan Gldflds V 274 0.06 0.00 0.06 + 0.03 0.11 0.03 Wesdome Gold* O 686 7.44 6.21 6.56 + 0.11 8.32 2.95 Wesdome Gold T 4563 10.33 8.68 9.20 + 0.15 11.06 3.96 West High Yld V 65 0.09 0.08 0.09 + 0.01 0.35 0.07 West Kirkland V 1059 0.08 0.07 0.07 - 0.01 0.09 0.03 West Kirkland * O 794 0.06 0.04 0.05 + 0.00 0.07 0.02 West Red Lake* O 66 0.04 0.03 0.03 + 0.00 0.10 0.02 West Red Lake C 1793 0.06 0.04 0.05 + 0.01 0.11 0.04 Western Areas* O 1 1.38 1.25 1.38 + 0.13 2.32 1.15 Western Atlas V 208 0.08 0.07 0.07 unch 0.00 0.11 0.04 Western Copper T 287 0.86 0.70 0.79 + 0.05 1.15 0.44

BID-ASK — APR 13 - APR 17, 2020 STOCK

12-MONTH

EXC BID ASK LAST HIGH

12 Exploration 66 Resources Adex Mining African Metals Aftermath Silv Aguila Amer Gd Allante Res Altum Resource Alturas Min American CuMo American Uran AMV Capital Anconia Res Anglo-Bomarc Angus Ventures Antler Hill Asbestos Corp Ashanti Sanko Atalaya Mining Atlanta Gold Atlantic Indus Aurelius Min Aurora Royal Austin Res Balto Res Banro Corp* Barker Min Barolo Venture Baroyeca Gold Barrian Mining BC Moly Bearclaw Cap BHK Mining Black Mammoth Blackheath Res Blue River Res Bond Resources Boss Power Brigadier Gold Brunswick Res Buffalo Coal Bullion Gold Camrova Res Canada Coal Canadian Silv Cassius Vents Castle Peak Mg CAT Strategic Cautivo Mining Centurion Mnls Century Global Century Metals Cerro de Pasc Cerro Mng Chinapintza Mg Clarmin Explor Cliffs Nat Res* Clydesdale Res CMX Gold & Sil Comet Inds Copper Lake Rs Cresval Cap Crown Mining Cyntar Venture Cyprium Mng DeepRock Min District Metal District Mines DV Resources EastCoal Inc Eco Oro Mnls Edgewater Expl Edison Cobalt Electra Stone Eurotin Everton Res Excalibur Res Explorex Res Finore Mng Fiorentina Min Fire River Gol Fort St J Nick Four Nines Freedom Egy Full Metal Mnl Fusion Gold Galleon Gold GAR Limited Gentor Res GGL Res GK Resources Global Cop Grp Global Vanad Goldbelt Emp Golden Cariboo Goldstream Mnl Gossan Res

C C V V V V V C V V V V V V V V V V T V V V V V V X V V V V V V V V V V C V V V V V V V V V V C C V T V C V V V N V C V V V V C V C V V V V C V V V V V C C C C V V C V V V V C V V V V V V V V V

0.06 ... 0.15 0.25 0.04 0.12 0.06 0.37 ... 0.01 0.01 0.02 0.06 0.09 0.06 0.24 0.25 0.25 0.33 0.13 0.22 0.15 0.24 0.10 ... 0.16 0.16 0.08 ... 0.10 0.10 ... 0.01 0.01 0.02 0.06 0.07 0.06 0.01 0.10 0.01 0.06 0.07 0.20 0.08 0.08 0.01 0.01 0.01 0.02 0.08 0.08 0.15 0.22 0.40 0.40 0.55 0.08 0.08 0.06 0.09 0.23 ... 0.35 0.55 0.02 0.02 0.02 0.05 1.75 2.25 1.79 3.99 0.03 0.04 0.03 0.04 0.01 0.02 0.01 0.02 0.13 0.14 0.14 0.15 0.02 0.03 0.02 0.10 0.04 0.09 0.04 0.13 0.04 0.15 0.03 0.19 0.11 0.11 0.11 2.10 0.01 0.01 0.01 0.18 0.25 0.18 0.30 0.03 0.06 0.03 0.10 0.10 0.10 0.13 0.27 0.04 0.05 0.05 0.07 0.01 0.05 0.01 0.03 0.02 0.02 0.02 0.04 0.05 0.04 0.07 0.07 0.13 0.07 0.20 0.01 0.01 0.01 0.02 ... ... 0.15 0.20 0.17 0.20 0.17 ... 0.60 0.15 0.19 ... 0.03 0.03 0.01 0.01 0.01 0.01 0.06 0.15 0.10 0.47 0.01 0.01 0.07 0.02 0.04 0.02 0.06 ... 0.06 0.06 0.04 0.07 0.04 0.09 0.01 0.02 0.01 0.02 0.04 ... 0.04 0.05 ... ... 0.13 0.20 0.07 0.07 0.07 0.14 0.06 0.07 0.07 0.25 0.06 0.11 0.07 0.11 ... ... 0.29 0.34 0.08 0.15 0.08 0.36 0.01 0.02 0.01 0.03 0.07 0.09 0.08 0.17 1.45 3.20 1.43 7.17 0.01 0.07 0.01 0.03 ... 0.06 0.05 0.08 3.20 3.80 3.15 3.60 0.01 0.02 0.02 0.02 0.02 0.03 0.02 0.08 0.02 0.03 0.03 0.09 0.12 ... 0.11 0.11 0.03 0.03 0.03 0.01 0.02 0.02 0.10 ... 0.20 0.14 0.30 ... ... 0.12 0.24 0.05 0.07 0.06 0.12 0.05 0.20 0.09 0.10 0.05 0.09 0.05 0.16 0.07 0.09 0.08 0.15 ... 0.05 0.06 0.09 0.01 0.02 0.01 0.01 0.03 0.01 0.04 0.10 0.10 0.03 0.04 0.09 0.10 0.10 0.11 ... 0.50 0.18 0.29 0.12 0.12 0.11 0.10 0.15 0.10 0.20 0.03 0.07 0.09 0.09 0.18 0.11 0.25 0.10 0.18 0.10 0.20 0.02 0.02 0.01 0.02 0.01 0.01 0.10 0.01 ... 0.17 0.18 0.06 0.07 0.06 0.09 ... ... 0.15 4.13 0.03 0.08 0.05 0.07 0.05 0.07 0.07 0.17 1.01 1.01 0.26 0.30 0.07 0.08 0.08 0.11 0.17 0.24 0.24 0.28 0.01 0.02 0.02 0.03 0.04 0.03 0.06 0.01 0.07 0.05 0.09 0.03 0.04 0.04 0.08

LOW

0.15 0.05 0.01 0.05 0.12 0.16 0.09 0.01 0.01 0.08 0.01 0.14 0.04 0.30 0.01 1.79 0.03 0.01 0.03 0.02 0.04 0.03 0.10 0.18 0.03 0.10 0.04 0.01 0.02 0.05 0.01 0.11 0.14 0.01 0.09 0.01 0.04 0.01 0.04 0.09 0.04 0.05 0.06 0.12 0.07 0.01 0.05 0.98 0.01 0.03 2.75 0.01 0.02 0.02 0.07 0.01 0.08 0.05 0.04 0.05 0.03 0.06 0.04 0.01 0.02 0.01 0.15 0.10 0.08 0.10 0.01 0.17 0.01 0.13 0.05 0.03 0.15 0.04 0.16 0.02 0.04 0.02

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Graphite Egy C Gray Rock Res V Great Lakes Gr V Great Quest Fe V Green Arrow V Green River C Green Valley M V Grenville Gold C Grosvenor Res V GrowMax Res V Guerrero Vents V Hanna Capital V HFX Holding V Highbury Proj V Highvista Gold V Indico Res V Inspiration Mg C Inter-Rock Mnl V Interconnect V Intl Battery C Intl Bethl Mng V Intl Samuel Ex V Iron South Mng V Itafos V Jazz Res V Jiulian Res V Jubilee Gold V Kanadario Gold V Kapuskasing Gd V Kings Bay Res V Knick Expl V Kodiak Copper V La Imperial C Latin Metals V Le Mare Gold V Leo Res C Lightspeed Dis V Lions Bay Cap V Lithoquest Dia V Lovitt Res V Madeira Mrnls V MAG Silver* X Magna Gold V Magna Terra V Magnitude Mng V Manganese X V Mariner Res C Martina Mnls V Matachewan Con V Mazarin V McChip Res V Mega Copper V Meridius Res V Metalo Manuf C Micrex Dev V Midasco Cap V Midnight Star C MillenMin Vent V Milner Con Slv V Minecorp Egy V Mineral Hill V Minsud Res V Monarca Mnrls V Mongoose Mg C Montana Gold C Mountain Lake C Napier Vent V Nebu Res V New Klondike V New World Res V Newmac Res V Nexco Res C Nickel North V Noble Metal V Nrthn Lion V NSGold V NSS Res Inc C Nubian Res V Optimum Vent V Ord Mountain V Pac Arc Res V Pac Bay Mnrls V Pac Cascade V Pacific Empire V Pan Andean Min V Patriot Gold C Pedro Res V Philippine Mtl V Phoenix Gold V Pinnacle North C Project One C Quantum Cobalt C Quartz Mtn Res V Rain City C Rainy Mtn Royl V Rare Element* X Razore Rock Res C

0.03 0.03 0.47 1.35 0.05 0.07 0.05 0.15 0.05 0.05 0.04 0.01 0.01 0.10 0.02 0.03 0.02 0.04 0.08 0.08 0.08 0.08 0.20 0.23 0.20 0.20 0.08 0.11 0.08 0.25 0.08 0.15 0.17 0.17 0.02 0.03 0.09 0.13 0.34 0.39 0.38 0.48 0.02 0.03 0.02 0.11 0.01 ... 0.01 0.06 0.18 ... 0.22 0.30 ... ... 0.17 ... 0.01 0.01 0.01 0.01 0.01 0.03 0.16 0.19 0.16 0.35 0.02 0.30 0.06 0.06 ... ... 0.31 0.01 0.02 0.01 0.10 0.09 0.12 0.09 0.30 0.24 0.27 0.24 0.28 0.28 0.38 0.34 1.63 0.21 0.24 0.20 0.44 0.02 0.03 0.02 0.08 0.21 0.50 0.47 0.95 0.12 0.18 0.15 0.25 0.06 0.10 0.10 0.14 ... 0.03 0.04 0.01 0.01 0.01 0.01 0.05 0.06 0.05 0.13 0.01 0.12 0.01 0.12 0.03 0.04 0.03 0.16 0.02 0.02 0.09 0.09 ... ... 1.09 0.04 0.17 0.08 0.15 0.02 0.02 0.02 0.06 0.03 0.04 0.04 0.11 0.08 0.13 0.10 ... ... 0.03 12.52 13.30 12.52 14.40 0.48 0.48 0.40 0.55 0.01 0.02 0.02 0.04 0.01 ... 0.13 0.16 0.07 0.08 0.08 0.18 0.13 0.23 0.16 0.20 0.04 0.05 0.05 0.12 0.09 0.12 0.11 0.17 0.06 0.08 0.06 0.13 0.37 0.55 0.46 0.73 0.06 0.14 0.06 0.16 0.10 ... 0.15 0.19 0.12 0.25 0.15 0.40 0.02 0.02 0.01 0.08 0.11 0.08 0.15 ... 0.13 0.15 0.34 0.01 0.50 0.05 0.02 0.04 0.02 0.08 ... ... 0.12 0.20 0.15 0.24 0.15 0.07 0.10 0.07 0.15 0.02 0.06 0.03 0.08 0.08 0.11 0.14 0.15 0.09 0.10 0.10 0.10 ... ... 0.05 0.04 0.07 0.07 0.30 0.03 0.03 0.04 0.01 0.01 0.01 0.30 0.30 0.21 0.05 0.07 0.07 0.08 0.03 0.06 0.03 0.07 0.01 0.02 0.01 0.03 ... 0.01 0.01 0.01 0.13 0.25 0.11 0.34 0.07 0.19 0.19 0.20 0.03 0.04 0.04 0.18 ... 0.12 0.10 0.22 0.16 ... 0.16 0.21 0.08 0.12 0.08 0.12 0.12 0.25 0.16 0.30 0.05 0.10 0.10 0.15 0.01 0.02 0.01 0.04 0.05 0.05 0.10 0.01 0.01 0.09 0.10 0.03 0.09 0.05 0.06 ... 0.23 0.10 0.22 0.02 ... 0.08 0.14 ... 0.06 0.05 0.06 0.20 0.10 0.12 0.12 0.18 0.18 0.30 ... ... 1.10 3.15 0.23 0.50 0.21 0.35 0.04 0.10 0.10 0.15 0.06 0.10 0.05 0.25 0.11 0.16 0.15 0.89 0.04 0.09 0.05 0.10

0.04 0.04 0.02 0.04 0.05 0.06 0.08 0.08 0.09 0.02 0.01 0.17 0.01 0.16 0.06 0.01 0.05 0.04 0.21 0.20 0.01 0.38 0.15 0.03 0.01 0.04 0.01 0.02 0.03 0.08 0.02 0.03 6.12 0.19 0.01 0.04 0.06 0.15 0.04 0.10 0.04 0.46 0.06 0.12 0.10 0.08 0.11 0.02 0.07 0.01 0.02 0.11 0.02 0.04

0.04 0.03 0.01 0.01 0.10 0.06 0.03 0.07 0.15 0.08 0.16 0.06 0.02 0.03 0.04 0.09 0.04 0.10 0.13 0.20 0.15 0.04 0.04 0.06 0.05

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Red Oak Mining Regency Gold Reliant Gold Remington Res Rhyolite Res Riley Resource Rizal Res Rockex Mng Rockland Mnls Rockwealth Res Rojo Res Ross River Rover Metals RT Minerals Rubicon Mnrls* Sage Gold Saint Jean Samco Gold Secova Mtls Sennen Potash Shine Minerals Sierra Madre Silver Phoenix Skarb Explor Slave Lake Zn Sonora Gld & S SouthGobi Res Southstone Min Straightup Res Strategic Res Surge Explor Tearlach Res Thunder Mtn Gd TomaGold Transatlantic Tri-River Vent Trident Gold TriMetals Mng Troy Enrgy True Grit Res Tymbal Res U3O8 Corp Ubique Mineral Upper Canyon Vale* ValOre Metals Vatic Vent Venerable Vent Vertical Expl Victory Res Western Pac Rs Western Troy C Westminster Rs Whitemud Res Winshear Gold Winston Res Xander Res Xiana Mng Yukoterre Res Zadar Ventures Zara Res Zena Mining Zenith Explor Zinco Mng Zincore Mtls

V V C V V V V C V V V V V V X V V V V V V V C C C V T V C V V V V V V V V T V V V V C V N V V V V C V V V V V C V V C V C V C V V

0.07 0.08 0.07 0.28 0.15 0.15 0.13 0.14 ... ... 0.02 0.05 0.09 0.07 0.19 0.04 0.07 0.04 0.24 0.06 0.25 0.11 0.21 0.01 0.02 0.02 0.02 0.01 0.04 0.02 0.05 0.07 0.08 0.08 0.11 0.01 0.98 0.46 0.50 ... 1.28 0.19 0.19 ... 0.39 0.26 0.01 0.01 0.07 0.03 0.04 0.03 0.07 ... ... 0.03 1.35 0.01 0.01 0.02 ... 0.04 0.04 0.04 0.01 0.01 0.05 0.06 0.05 0.06 0.05 0.06 ... 1.10 0.45 0.03 0.06 0.03 0.08 0.03 0.08 0.03 0.08 0.10 0.15 0.10 0.20 0.02 ... 0.08 0.10 0.04 0.08 0.09 0.10 0.03 0.04 0.04 0.07 0.03 0.10 0.09 0.18 0.01 0.01 0.01 0.04 0.09 0.17 0.10 0.10 0.20 0.26 0.21 0.70 0.39 0.44 0.39 0.23 0.12 0.20 0.12 0.20 0.07 ... 0.07 0.17 0.05 0.05 0.05 0.01 0.01 0.04 0.08 ... ... 0.04 0.11 0.18 0.12 0.20 0.11 0.12 0.12 0.12 0.01 0.04 0.03 0.05 0.01 ... 0.02 0.02 0.03 0.06 0.02 0.06 0.05 0.05 0.05 0.17 0.01 0.05 0.04 0.16 ... 2.00 0.25 ... ... 10.24 11.10 0.06 0.07 0.07 0.13 ... 0.10 0.10 0.06 0.09 0.03 0.10 0.02 0.03 0.03 0.08 0.01 0.01 0.02 0.12 0.30 0.46 0.23 0.58 0.02 0.19 0.02 0.04 0.05 0.07 0.04 0.28 0.01 0.02 0.02 0.03 0.12 0.14 0.14 0.15 ... 0.01 0.01 0.05 0.03 0.04 0.09 0.08 0.10 0.10 0.60 0.05 0.20 0.08 0.16 0.15 0.18 0.17 0.20 ... ... 0.07 0.22 0.05 0.08 0.04 0.10 0.02 0.68 0.02 0.20 0.05 0.07 0.05 ... 0.40 0.05

0.04 0.10 0.07 0.04 0.11 0.01 0.01 0.01 0.14 0.19

0.02 0.03 0.02 0.04 0.02 0.01 0.02 0.10 0.08 0.04 0.03 0.07 0.01 0.10 0.18 0.03 0.07 0.07 0.02 0.12 0.03 0.02 0.01 0.02 0.04 0.03 6.57 0.07 0.03 0.02 0.01 0.20 0.02 0.04 0.01 0.05 0.01 0.09 0.08 0.08 0.07 0.04 0.02