The Northern Miner Nov 9 2020 Issue 23 by The Northern Miner Group

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SPECIAL FOCUS ON

QUEBEC

Mining projects push forward / 7 – 16

DELIVERING QUALITY EXPERTISE GLOBALLY ACROSS THE ENTIRE MINING LIFE CYCLE

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NOVEMBER 9—12, 2020 / VOL. 106 ISSUE 23 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Yamana Gold to acquire Monarch in $152 million deal M&A

| Could signal more acquisition activity in Quebec’s Abitibi region

BY CECILIA JAMASMIE

The London Stock Exchange. ISTOCKIMAGES.COM

Wheaton expands into Europe with LSE debut STREAMING

| Company adds London to its Toronto and New York listings

BY CARL A. WILLIAMS cwilliams@northernminer.com

heaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM), one of the world’s largest gold and silver

streaming companies, began trading on the main market of the London Stock Exchange (LSE) on Oct. 28. The Vancouver-based company will maintain its primary listing on the Toronto Stock Exchange and a listing on the New York Stock Exchange,

“ONE OF THE APPEALS OF LISTING ON THE LSE IS THAT THERE AREN’T MANY PRECIOUS METAL MINING COMPANIES ON THE EXCHANGE.” RANDY SMALLWOOD PRESIDENT AND CEO, WHEATON PRECIOUS METALS

Randy Smallwood, Wheaton’s president and chief executive officer, said in an interview. “We’re a Canadian company, so we’re not moving anywhere. We’re just expanding,” he said. “For us, a listing on the LSE is the next step in becoming a truly global company.” The company, he added, is not seeking to raise money from the listing but is looking to expand its investor base in Europe and, in particular, the United Kingdom. The move makes Wheaton the largest metals and mining company to join the exchange since Glencore (LSE: GLEN) in 2011. “One of the appeals of listing on the LSE is that there aren’t many precious metal mining companies on the exchange, especially on the streaming side,” Smallwood said. “We See STREAMING / 5

Special to The Northern Miner

amana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) is expanding its footprint in the precious metals-rich Abitibi region of Quebec, Canada, by acquiring all shares in smaller rival Monarch Gold (TSX: MQR) it does not already own for $152 million (about US$114 million). The cash and share deal gives Yamana the Wasamac property, which is about 100 km from its 50%owned Canadian Malartic mine, as well as the Camflo mill, also in Quebec. Monarch said it would first spin off its other mineral properties and certain other assets and liabilities into a new company. Each outstanding common share of Monarch will then be exchanged for 19.2¢ in cash, 0.0376 of a Yamana share and 20¢ of a share in the new miner. Once the transaction is completed, Monarch’s shareholders will own 1.3% of Yamana and 100% of the new miner, and Yamana will own 100% of Monarch. The new company will hold Monarch’s Beaufor mine, McKenzie Break property, Croinor gold property, Swanson property and the Beacon gold asset. The Wasamac gold project is 15 km west of Rouyn-Noranda while the Camflo property is 15 km northwest of Val-d’Or. Yamana said Wasamac held the potential to be an underground mine achieving the same scale, grade, production and costs as its Jacobina mine in Brazil and its Canadian Malartic mine as well. Wasamac has existing proven and probable mineral reserves of 1.8 million ounces of gold. The property includes three mining concessions and 30 mining claims covering a total area of 17.39 square kilometres. According to a December 2018 feasibility study, Wasamac will be a 6,000 tonne-per-day operation. The mine is expected to churn out 142,000 ounces of gold a year for 11 years, at an all-in sustaining cost of US$630 per ounce. Initial capital investment has been estimated at $464 million. Monarch filed a project notice with Quebec’s Ministry of the Environment and the Fight Against Climate

THE TOP 20 MINING COMPANIES BY CAPITAL RAISED / 3

Change in November 2019. That is the first step in the mining permit application process, which generally takes 18 to 24 months, which means Yamana could have a new producing mine early next year. Yamana Gold has had its eye on Monarch for some time. In June, the senior gold producer bought Monarch’s Fayolle gold property in a cash and share deal valued at US$11.5 million. It also invested $4.2 million in Monarch’s $5.4 million private placement. Farooq Hamed of Raymond James was positive on the deal. “Overall, we view this acquisition as a good tuck-in for Yamana as it adds nearly 2 million oz. of reserves in Quebec with a project that has undergone a feasibility level review at a total cost to Yamana of ~2% of its market capitalization with share dilution of ~1%,” he commented in a research note. BMO analyst Jackie Przybylowski said Yamana’s latest move may end up with the company selling the Wasamac gold project to its Malartic See M & A / 6 PM40069240

NOVEMBER 9—22, 2020 / THE NORTHERN MINER

Brixton teams up with Friedland’s HPX on polymetallic project in Montana FINANCING | Deal centres on the advanced stage silver-gold-copper-lead-zinc Hog Heaven deposit

BY MINING.COM STAFF

rixton Metals (TSXV: BBB) has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privatelyowned mining company led by billionaire and Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder Robert Friedland. The Hog Heaven project is an advanced stage silver-gold-copper-lead-zinc deposit with historical production located in Flathead County, Montana. Many of the past underground mine workings where high-grade silver-gold-copper were extracted have not been drilled. “We see high potential for further discovery at Hog Heaven. We believe that the past-producing Flathead mine,

where Anaconda Copper historically produced high-grade direct-shipping silver-gold ore, is just one part of a much larger precious metals and copper system,” Graham Boyd, HPX’s principal geologist, said in a statement. Under the joint-venture agreement, High Power can earn a 51% interest in the project by making a total of US$4.5 million in cash payments and spending US$15 million on exploration. It may earn an additional 24% stake (for a total of a 75% interest) by incurring an additional US$25 million in exploration expenditures, which would bring the total value of the transaction to US$44.5 million. Should HPX choose to complete only the first stage of the earn-in, it will transfer a 2% interest in the joint-venture to Brixton, such that

the interests are 49% HPX and 51% Brixton, and Brixton shall retain a right of first offer to purchase all of HPX’s interest. Friedland has also agreed to a $2 million private placement financing. Brixton would use the proceeds to eliminate 1.5% of the existing NSR royalty on Hog Heaven held by Pan American Silver (TSX: PAAS; NASDAQ: PAAS). Over the last year, Brixton Metals has traded in a range of 8¢ and 57¢ a share and at press time in Toronto was trading at 34.5¢. The Vancouver-based junior has 173 million common shares outstanding for a $57-million market capitalization. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group

Work on the expansion project at Kaz Minerals’ Aktogay copper project in eastern Kazakhstan. KAZ MINERALS

Buyout offer to take Kazakhstan’s Kaz Minerals private COPPER

he current chairman of Kaz Minerals (LSE: KAZ), Oleg Novachuk, along with his predecessor, Vladimir Kim, are proposing a buyout offer of the pure-play copper company. Their company, Nova Resources, in which they own a 36.5% and 63.5% stake, respectively, already owns about 186 million shares of Kaz Minerals. Nova Resources is offering to buy Kaz Minerals for £3 billion in cash at a price of 640 pence a share, which represents a 12.1% premium to Kaz Minerals’ closing share price on Oct. 27 of 570.8 pence, and a 24.9% premium to its closing price of 512.4 pence per share on Oct. 2. An independent committee has recommended the deal to shareholders.

Rogue Resources

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25 chinchillas stand between Gold Fields and US$7 billion worth of gold | Chilean project needs to relocate the endangered animals

ENVIRONMENT

BY CECILIA JAMASMIE

MINING.COM

outh African bullion producer Gold Fields (TSX: GFI; NYSE: GFI) could soon access 3.5 million ounces of extractable gold in northern Chile – if an ongoing operation to capture and relocate a population of critically endangered chinchillas living around the project proves successful. Hunted for centuries for their thick, soft pelt, chinchillas are now only found in the wild in parts of Chile and are protected by law. Chief executive Nick Holland acknowledged in 2017 the animals were among the main obstacles facing the company at the Salares Norte asset. Gold Fields’ environmental license for the gold-silver project depended, partly, on finding a way to move chinchillas. It’s not the first time endangered species protections have complicated permitting processes. Chilean authorities approved the Environmental Impact Assessment (EIA) for Salares Norte, in December last year, after Gold Fields committed to relocating the rodents about 4 km away from the site. In February, the board decided to build the mine, which will be completed in 2024. In August, Gold Fields’ kicked off the conservation operation, which is scheduled to last nine months. The company has invested US$400,000 to date in the project, including various population surveys using satellite technology to ensure the chinchillas survive. Gold Fields has also started setting up the mine camp and some key infrastructure. “We use a trap that is baited inside and closes when the chin-

chilla enters,” Luis Ortega, a Chilean environmental manager who oversees the rodent removal, told Undark.org. “The entire process must be carried out for each of the nine rocky areas where the animals will be removed during the construction of the mine.” The government-approved process contemplates a minimum of two attempts to capture specimens on each rocky area, each lasting 10 days. If the task is unsuccessful, the operation must be suspended for 20 days before it is tried again, to minimize disturbance. According to Gold Fields’ figures, the Salares Norte project’ mineral reserves are estimated to be 3.5 million ounces of gold and 39 million ounces of silver, equating to gold equivalent reserves of 4.1 million ounces. At today’s prices of over US$1,900 per oz. gold, the asset is worth almost US$7 billion. The project has a current 10-year life-of-mine, or 11.5 years if inferred resources are considered. Construction was originally scheduled to start in the last quarter of 2020, with first production in the first quarter of 2023. Coronavirus-related restrictions, however, have affected the timeline. Chile’s gold production peaked in 2000 at 54.1 tonnes, data from the country’s copper commission, Cochilco, shows. The nation, the No.1 copper producer and second largest lithium producer after Australia, currently ranks 25th in the world when it comes to the yellow metal, according to the World Gold Council. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group

| Deal has been recommended to shareholders

BY NORTHERN MINER STAFF

FOR SALE

LOCATION:

Northeastern Ontario

• Boart Longyear 38 core drill, good condition • Enclosed skid mounted shack —C$65K or best offer • Drill serial #C7529—2006 97 hp Deutz Engine, complete with water pump and drill rod sloop. • Some tools and accessories included. For detailed photos (including components), please contact info@rogueresources.ca

Kaz Minerals is the largest copper producer in Kazakhstan. It operates the Bozshakol and Aktogay open pit copper mines in Pavlodar and the East Region of Kazakhstan; three underground copper mines in the East Region; and the Bozymchak copper-gold mine in Kyrgyztan. The Bozshakol and Aktogay open pit mines produced 110,000 tonnes and 146,000 tonnes copper, respectively, in 2019, and its three underground mines produced a total of 48,000 tonnes copper. Its Bozymchak mine churned out 7,000 tonnes copper along with 41,000 oz. gold in 2019. In addition, Kaz Minerals owns the Baimskaya copper project in Chukotka, Russia, which it describes as “one of the world’s most significant undeveloped copper assets, with the potential to become a large scale, low cost, open pit copper mine.” Baimskaya’s Peshanka deposit has a JORC-compliant resource of 9.5 million tonnes copper at an average grade of 0.43% copper and 16.5 million oz. gold at an average grade of 0.23 gram gold per tonne. A prefeasibility study estimated construction would cost about US$7 billion and that the initial mine life would be about 25 years. A bankable feasibility study is slated for completion by year-end.

The company acquired the Russian project in August 2018 for US$900 million in cash and shares. In a press release announcing the buyout offer, the consortium said that there was “a strong strategic rationale for the acquisition,” given the company’s focus on developing and operating large scale, low-cost copper mines in Kazakhstan and the CIS region. “Kaz Minerals’ decision to dedicate efforts to a capital-intensive strategy focused on long-term growth remains the optimal longterm strategic path for Kaz Minerals,” it stated, but “recognizes this may be misaligned with the preference of many investors in the mining sector. Consequently, the members of the consortium have concluded that Kaz Minerals’ long term development of Baimskaya would be best undertaken away from public markets as a private company.” Kim was appointed chairman of Kaz Minerals in 2005, and stepped down as chairman in 2013. He remains on the board as a nonexecutive director. Novachuk was appointed chief executive in 2007 and chairman in 2018. Prior to joining the group in 2001, Novachuk was chairman of Kazprombank JSC. TNM

Drillers at Gold Fields’ Salares Norte gold-silver project in northern Chile. GOLD FIELDS

Gold Fields’ Salares Norte gold-silver project in Chile’s Atacama region. GOLD FIELDS

G LOBAL M I N I N G

N EW S

THE NORTHERN MINER / NOVEMBER 9—22, 2020

The top 20 mining companies ranked by capital raised ANALYSIS BY FRIK ELS,

EXECUTIVE EDITOR OF MINING.COM

he extraction of metals and minerals is a capital intensive endeavour. Mining companies require hundreds of millions of dollars, and in many cases, billions, to take a project from exploration to production. Using data provided by Miningintelligence, we have ranked the mining companies that have raised the most capital year-to-date. Leading the pack is Australia’s Newcrest Mining (TSX: NCM; ASX: NCM), raising nearly US$782.5 million so far in 2020. The firm recently gave the go-ahead on an expansion of its flagship Cadia mine, which would consume a large portion of that funding. The second and third places are also occupied by Australian companies: fertilizer and mining services firm Incitec Pivot (ASX: IPL) which has raised US$389 million, and rare earths producer Lynas Corp. (ASX: LYC) with US$309 million raised to date. Unsurprisingly, with the gold price riding high, gold mining companies and explorers have been successful in attracting capital and also feature prominently on the list. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group

| Australian miners lead the pack

TOP 20 MINING COMPANIES – CAPITAL RAISED 2020 COMPANY NAME

HEADQUARTERS

PROPERTY REGIONS

COMMODITY EXPOSURE

GRAND TOTAL

Newcrest Mining Ltd

Australia

North America, Oceania, South America

Copper, Gold, Molybdenum, Silver

782,450,905

Incitec Pivot Ltd

Australia

Oceania

Phosphate Rock

388,802,992

Lynas Corp. Ltd

Australia

Africa, Asia, Oceania

Niobium, Rare Earth, Tantalum, Titanium, Uranium

309,138,013

Gold Fields Ltd

South Africa

Africa, Asia, Oceania, South America

Copper, Gold, Silver

251,845,426

Coronado Global Resources Inc.

Australia

North America, Oceania

Coal

181,598,050

Nickel Mines Ltd

Australia

Asia

Cobalt, Iron Ore, Nickel

161,866,194

Osisko Mining Inc.

Canada

North America

Copper, Gold, Lithium, Nickel, Silver, Zinc

130,539,783

Artemis Gold Inc.

Canada

North America

Gold, Silver

129,712,140

Resolute Mining Ltd

Australia

Africa

Gold

125,459,337

Equinox Gold Corp.

Canada

North America, South America

Gold, Silver

105,189,086

Argonaut Gold Inc.

United States

North America

Copper, Gold, Lead, Silver, Zinc

102,891,592

SilverCrest Metals Inc.

Canada

North America

Gold, Silver

100,935,854

Orocobre Ltd

Australia

South America

Boron, Lithium, Potash, Potassium

93,139,698

Mag Silver Corp.

Canada

North America

Copper, Gold, Lead, Molybdenum, Silver, Zinc

92,778,129

Fortuna Silver Mines Inc.

Canada

Europe, North America, South America

Copper, Gold, Lead, Silver, Zinc

69,000,000

Bluestone Resources Inc.

Canada

Central America, North America

Copper, Gold, Molybdenum, Silver

65,632,958

Dacian Gold Ltd

Australia

Oceania

Gold

63,179,600

Panoramic Resources Ltd

Australia

Oceania

Cobalt, Copper, Gold, Nickel, Palladium, Platinum

61,365,443

Gascoyne Resources Ltd

Australia

Oceania

Gold

61,325,994

Osisko Gold Royalties Ltd

Canada

North America

Cobalt, Copper, Gold, Lead, Lithium, Molybdenum, Nickel, Palladium, Platinum, Rare Earth, Silver, Zinc

60,175,715

JOINT VENTURE ARTICLE

A success story 40 years in the making Where others have stumbled, Maple Gold Mines has stayed the course and is ready to advance its Douay project in Quebec’s Abitibi Greenstone Belt BY NORTHERN MINER STAFF

Through a tumultuous period defined by Covid-19, community lockdowns, economic uncertainty and surging prices for precious metals, maintaining a stable and reasoned approach to exploration has been difficult for many in the mining sector. However, for the team at Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF), years of meticulous planning are paying off as the company has not only weathered the pandemic-influenced storm that has been 2020, but has been able to rise above its challenges and advance its keystone project. The Quebec-focused exploration company is now poised to see its Douay gold project move forward after receiving strong assays from its most recent drilling campaign, while also forging a strategic partnership with one of the biggest players in the industry. For Maple Gold’s president and CEO, Matthew Hornor, these are further signs that their business plan has been able to succeed where others have faltered. “Patience pays off, as does perseverance and hard work,” says Hornor. “We are among the very fortunate few junior miners that get to have the experience of working alongside a major mining company to develop our project together.” After a varied career that included a decade-long stint at Ivanhoe Mines, Hornor joined Maple Gold in 2017, intent on turning the junior into something much bigger. To do so, he

Headframe and infrastructure at Maple Gold’s Douay project in Quebec. MAPLE GOLD MINES

assembled a team with decades of exploration and development experience and doubled down on the company’s Douay project. “We are the owners of a project that’s been around for four decades,” Hornor says, adding that, “The initial discovery of gold at Douay was made by Inco back in 1976. But it was not fully appreciated until the team we put together put in the hard work to show everybody that the potential at Douay is real.” Douay is a district-scale project

located in the province’s Abitibi Greenstone Belt. Maple Gold’s land package in the region totals 357 sq. km., with the company holding a 100% interest in claims covering about 345 sq. km., as well as a 75% interest in the remaining claims. Between January and March of this year, the company completed a 4,370metre drill campaign that saw 11 of the 14 holes drilled intersect higher than deposit average grade gold mineralization. One of the holes drilled, DO-20-281, intercepted

75 metres of 1.23 grams gold per tonne, part of which included 31 metres at 1.61 grams gold. Building on these results, Maple Gold has begun a new 3,000-metre exploration drill campaign at the site. The focus of the initial drilling is one to two deeper holes, each about 500 metres in depth, aimed at a highpriority discovery target in the northeast part of the property. And while the company has maintained its focus on exploration work at the site, Hornor and his team

have also been quietly building up the other part of their business plan: a strategic relationship with a major. “The mandate we had, when I became involved with the company three and a half years ago, was to advance this project in a meaningful way,” says Hornor. “And to advance it significantly, you always need to have help from a strategic, larger partner. From day one, my focus was to do that, but I also didn’t want to rush it. And it had to be the best possible deal and partner for us.” The outcome of several years of discussions is the recent announcement that Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has taken a strategic investment in Maple Gold, and now owns about 12.8% of the company. As well, the companies are combining their contiguous properties in the region – Maple Gold’s Douay and Agnico’s Joutel – with Agnico committing the first $18 million for exploration work at the consolidated property package. “This agreement with Agnico is nothing short of transformational for us,” says Hornor. “It’s an endorsement from one of the leading gold mining companies in the world, and it shows that people now see us the way we always saw ourselves: a company with the potential to develop a substantial new gold camp in the heart of one Canada’s most prolific gold belts.” n The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Maple Gold Mines, and presented in co-operation with The Northern Miner. Visit www.maplegoldmines.com for more information.

NOVEMBER 9—22, 2020 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

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E D I T O R IA L China’s Five Year Plan prioritizes tech and domestic demand

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 STAFF REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com ONLINE EDITOR AND PODCAST HOST: 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

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s the United States posted its highest number of weekly coronavirus cases since the start of the pandemic and Americans headed to the ballot box in record numbers to cast their votes early for the country’s next president, China’s top leaders gathered for four days behind closed BY TRISH SAYWELL doors to craft their fourteenth Five Year Plan tsaywell@northernminer.com for 2021-2025. The Five Year Plan has been a fixture of Chinese rule since 1953 – shortly after the Chinese Communist Party came to power in 1949 – and was modelled on the Soviet-style planned economy. The economic blueprint can be a bland document short on details, which are typically fleshed out later, before being approved at the annual meeting of the National People’s Congress in March. But what stood out loud and clear in the broad brushstrokes of the 14th five-year document is the importance Beijing is placing on selfreliance and innovation in technology, in particular strengthening China’s semi-conductor industry to provide the chips needed in highend electronic devices and in everything from artificial intelligence and big data to 5G networking. “It is the first time ever in the history of our party’s five year plans… that [China] is placing the plans on science, technology, and innovation before all other sectors,” China’s minister of science and technology, Wang Zhigang, told reporters following the Oct. 26-29 conclave. “We need to improve our ability to create things independently because we cannot ask for or buy the core technologies from elsewhere. ... Given new changes in the domestic and international environment, we need technological solutions more than ever, and we need to strengthen innovation more than ever before.” The subtext is China’s deteriorating relationship with the United States and the restrictions Washington has placed on Chinese tech companies like Huawei. In May, U.S. President Donald Trump increased the pressure on China’s largest telecoms equipment manufacturer with a new regulation that prevents the company or its suppliers from using U.S. technology and software. The new rule, penned The New York Times, “will block companies around the world from using American-made machinery or software to design or produce chips for Huawei or its entities,” and while “companies can apply for a license to continue supplying those products … the administration said the presumption would be to deny those requests.” Last year, the Trump administration put Huawei on a list of companies that could not be supplied with U.S. products without a license. The other major plank in the Communique is to boost growth by driving up domestic demand. “China has the world’s largest consumer market, which also possesses the greatest potential,” Xinhua, China’s state-owned news agency, quoted President Xi Jingping as saying. “The room for growth is huge.” That is true, but don’t forget that while China is the world’s secondlargest economy, roughly 373 million Chinese still live below “the upper-middle-income poverty line of US$5.50 a day,” according to the World Bank. “Promoting common prosperity for everyone is a long-term task,” President Xi declared. “We must attach more importance to the promotion of common prosperity, setting off with firm steps and making sustained efforts toward the goal.” Absent in the communique was a defined GDP growth target. The target in the current Thirteenth Five Year Plan is 6.5%. Colin Hamilton, an analyst at BMO Capital Markets, said Beijing’s broader commitment to “further doubling China’s GDP and income per capita over 2020 levels by 2035,” works out to “real GDP growth of 4.6% over the coming fifteen years,” and reasoned that Beijing’s plans for “rural revitalisation” and “new urbanisation” will require “continuous infrastructure investment and emphasis on wealth distribution.” And that’s good news for the mining industry and particularly for companies focused on metals such as copper used in “energy transition areas,” as China tries to meet its target of being carbon-neutral by 2060. Qu Hongbin, chief China economist at HSBC, expects the five-year plan will increase the pace of household registration reform “to give the 290 million rural migrant workers access to urban social welfare,” a move that could raise GDP by 0.6 percentage points a year, as registration “will provide more opportunities to buy homes, obtain stable job contracts, and receive standard social-security benefits including pensions, education, healthcare, worker injury insurance and maternity benefits.” He further outlines on the bank’s website that about 60% of the country’s population lives in urban centers but “not all are registered.” Qu also anticipates that the move to “accelerate land reform” under the five-year plan is likely to “lift the income of 551 million rural consumers, boosting spending and adding another 0.4 ppt to GDP each year.” In addition, he forecasts that China will “deepen financial reforms and liberalization, while expanding the role of the capital markets to reduce the misallocation of credit to state-owned enterprises rather than to smaller private firms.” That’s important, he said, given that the private sector accounts for more than 60% of GDP, 70% of innovation, 85% of urban employment, yet “receives less than 30% of the total credit.” The bottom line: China’s appetite for metal will only accelerate. TNM

DEPARTMENTS Editorial . . . . . . . . . . . . . . . . . . . . . . . . . 4 Metal Prices . . . . . . . . . . . . . . . . . . . . . 19

Professional Directory . . . . . . . . . . . . 17 Stock Tables . . . . . . . . . . . . . . . . . . 18-23

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THE VIEW FROM ENGLAND

US elections unnerving for global investors BY DR. CHRIS HINDE

Special to The Northern Miner

n already catastrophic year for the global economy is suddenly even more uncertain as investors everywhere grapple with the likely impact of the U.S. presidential election. With very few exceptions (New Zealand springs to mind) there is little faith amongst investors in politicians’ handling of the coronavirus pandemic, and the global mood ahead of the U.S. election wasn’t helped by the two presidential debates. With both candidates having myopic tendencies, it was perhaps appropriate that the second debate came immediately ahead of the international Mole Day celebration on Oct. 23. (Mole Day is not, however, a commemoration of near-blind mammals, nor an undercover spy, Mexican sauce or benign tumour, rather the annual celebration of one of the seven constants that define the metric system — Avogadro’s molecular mass, 6.02 x 10 to the power 23.) The U.S. presidential election comes every four years, being held on the Tuesday following the first Monday in November, that is 2nd to 8th. As such, it always comes shortly after Halloween, which this year coincides with a Blue Moon (a second full moon in one calendar month). Among spiritual communities, a blue moon is a powerful moon and prime time for prophecy, and it only happens on Halloween every 18 or 19 years, and is extremely rarely ahead of a presidential election. U.S. presidential elections after a Halloween Blue Moon only come once in every century. The last time it happened was in 1944, when Franklin Roosevelt was elected for an unprecedented fourth term but died shortly afterwards (having served a record 12 years, in contrast to the 31 days of the 9th president, William Harrison). There have been 44 different people, all men, who have served as U.S. president since the office was established in 1789. Trump is listed as the 45th president, but Grover Cleveland is counted as both the 22nd and 24th president, having been elected on two, non-consecutive, occasions. This means that U.S. presidents have served an average of barely five years, with eight dying in office (four of natural causes and four assassinated) and one resigning. Although investors are watching the election carefully, it seems unlikely that the international mining community has much reason to be frightened. The extractive industry is much more dependent upon the economic performance of China, which consumes more industrial metals than the rest of the world combined. Fortunately, the Chinese economy continued its rapid rebound in the

third quarter, with China’s GDP rising by 4.9%. The country’s economy was further boosted by the eight-day Golden Week holiday at the beginning of October, with over 637 million trips being recorded (although tourism revenue was down 30% from the same period in 2019). Chinese imports reached a record in September, up 13.2% year-onyear, with significant increases in purchases of iron ore, agricultural commodities and semi-conductors, in particular. Chinese exports are also rising at their fastest rate so far this year, and the country’s stock markets have reacted to the positive trends, reaching a record value of US$10 trillion in October. After the ‘America First’ rhetoric and hawkish posturing of the Trump administration, the Chinese government has been widely assumed to favour a change in president. This seems unlikely, to me, as Beijing is nothing, if not long-sighted, and the less intense, more multi-lateral approach of a Joe Biden administration would likely lead, ultimately, to unified market action against China by democratic nations. This scenario must surely worry China’s president, Xi Jinping. Mining in the U.S. will be impacted, of course, by their choice of leader, not least through domestic fiscal and monetary policies over the next four years. Trump is also more favourably disposed towards the extractive sector, especially coal, but both men are likely to espouse infrastructure projects and other investments to stimulate the economy. Whether Trump’s abrasive stance or Biden’s more conciliatory approach, the gold market is not likely to be impacted one way or the other by the U.S. electorate’s choice of president. Rhona O’Connell of StoneX Group Inc. (previously FCStone) recently described herself as “bullish for gold” regardless of the vote’s outcome. O’Connell said the re-election of Trump represented continued geopolitical risk and heightened tension with China, while a Democrat administration might lead to a ‘blue wave,’ and consequential increase in taxes and a likely weakening of the dollar. Whoever sits in the White House, an end to the current bull market for gold is only likely to come about when the market has absolute confidence that Covid-19 is under control, as well as rising interest rates. The first seems unlikely until the second quarter of 2021, and interest rates will surely remain low for at least a year. Moreover, with Chinese wealth returning, expect a return of Sino jewellery buying next year after this year’s dramatic decline in sales. TNM — Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX Agnico Eagle Mines . . . . . . . . . . . . . . . . 6,16 Barrick Gold. . . . . . . . . . . . . . . . . . . . . . . . . 6 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Blue Thunder Mining . . . . . . . . . . . . . . . . 16 Bonterra Resources . . . . . . . . . . . . . . . . . . 10 Brixton Metals . . . . . . . . . . . . . . . . . . . . . . . 2 Champion Iron . . . . . . . . . . . . . . . . . . . . . . 6 Eldorado Gold . . . . . . . . . . . . . . . . . . . . . . 15 Excellon Resources . . . . . . . . . . . . . . . . . . 11 Falco Resources . . . . . . . . . . . . . . . . . . . . . 11 Glencore . . . . . . . . . . . . . . . . . . . . . .11,12,15 Globex Mining Enterprises . . . . . . . . . . . . 11 Gold Fields . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Hemlo Explorers . . . . . . . . . . . . . . . . . . . . 16 Iamgold . . . . . . . . . . . . . . . . . . . . . . . . 6,11,12 Incitec Pivot . . . . . . . . . . . . . . . . . . . . . . . . . 3 Ivanhoe Mines . . . . . . . . . . . . . . . . . . . . . . . 2 Kaz Minerals . . . . . . . . . . . . . . . . . . . . . . . . 2 Kinross Gold . . . . . . . . . . . . . . . . . . . . . . . . 6 Kirkland Lake Gold . . . . . . . . . . . . . . . . . . . 7 Lynas Corp. . . . . . . . . . . . . . . . . . . . . . . . . . 3 Midland Exploration . . . . . . . . . . . . . . . . . 10

Mistango River Resources . . . . . . . . . . . . . . 6 Monarch Gold . . . . . . . . . . . . . . . . . . . 1,6,12 Newcrest Mining . . . . . . . . . . . . . . . . . . . . . 3 O3 Mining . . . . . . . . . . . . . . . .9,12,14,15,16 Orefinders Resources . . . . . . . . . . . . . . . . . 6 Osisko Gold Royalties . . . . . . . . . . . . . 11,15 Osisko Mining . . . . . . . . . . . . . . . . . . . . . . . 6 PanAmerican Silver . . . . . . . . . . . . . . . . . . . 2 Probe Metals . . . . . . . . . . . . . . . . . . . . 14,15 QC Copper & Gold . . . . . . . . . . . . . . . . 7,14 QMX Gold . . . . . . . . . . . . . . . . . . . . . . 15,16 Radisson Mining . . . . . . . . . . . . . . . . . . . . 11 Troilus Gold . . . . . . . . . . . . . . . . 11,12,14,16 VanadiumCorp Resource . . . . . . . . . . . 9,16 Vanstar Mining Resources . . . . . . . . . . . . 12 Wallbridge Mining. . . . . . . . . . . . . . . . . 7,10 Wesdome Gold Mines . . . . . . . . . . . . . . . . 14 Wheaton Precious Metals . . . . . . . . . . . . 1,5 Yamana Gold . . . . . . . . . . . . . . . . . 1,6,12,16

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BHP’s Olympic Dam project in South Australia. BHP

How Olympic Dam went from mother of all digs to debottlenecking ANALYSIS BY FRIK ELS,

EXECUTIVE EDITOR OF MINING.COM

decade ago BHP Billiton, was gearing up to dig the world’s biggest hole in the Australian outback. In 2011, BHP (NYSE: BHP; LSE: BHP) delivered the largest annual profit in Australian corporate history and, like its peers, was flush with cash as China bought up metals and minerals at never seen before rates. Iron ore prices appeared headed to US$200 per tonne, copper was setting records above US$4.50 per lb. (US$10,000 a tonne) and uranium averaged double today’s levels. While other industries were still struggling to emerge from the global financial crisis, the late noughts and

STREAMING From 1

offer a much lower risk alternative to miners that will attract generalist investors, and our business model offers a unique opportunity to gain exposure to precious metals through a diversified portfolio of high-quality, low-cost assets.” The company generates its revenue primarily from the sale of precious metals by entering into agreements to purchase all, or a portion, of the precious metals produced from mines for an upfront payment and an additional payment upon the metals’ delivery. Wheaton has purchase agreements with 17 mining companies, including Barrick Gold (TSX: ABX; NYSE: GOLD), Vale (NYSE: VALE), and Glencore, relating to 20 producing mines, and nine which are at various stages of development, located

| Is the era of mining megaprojects well and truly over?

early 2010s were the acme of global mining. And with megabucks came megadeals and megaprojects. BHP acquired Olympic Dam, located 560 km north of Adelaide in South Australia, in 2005, and quickly looked for ways to expand, delivering a draft economic impact study for public scrutiny four years later. The copper resource at Olympic Dam (a livestock watering hole named after the 1956 Melbourne Olympic Games) is considered the world’s fourth-largest, and its uranium resources, the world’s largest. There is also more than a decent amount of gold and silver at Olympic Dam, and the expansion sailed through state and federal government permitting. An Olympic Dam Task

Force was even set up to streamline the process further. Olympic Dam Expansion – ODX – would place the operation in the top three globally, adding 515,000 tonnes of copper to underground output of over 200,000 tonnes. But even during those heady days, the project came with an eye-popping price tag: US$30 billion. Everything about ODX, which had its own glossy 22-page brochure, was grand in scale: A new desalination plant running 100% on renewable energy with a 320 km pipeline, a 270 km transmission line, a 105 km rail line, a new airport to cater for large jets, a worker village, and an 8,000-strong workforce. The project would also double the size of the nearby Roxby Downs

across 11 countries. Smallwood said the company has been considering a listing on the LSE for the past couple of years and spent the past year weighing up the benefits of registering on the exchange. “A large portion of funds based in the UK have restrictions on them in terms of how much they are allowed to invest out of the country,” he said. “We already had a pretty good investor base with about 15% to 20% of our stock typically held by mainly UK-based funds, but after speaking with a number of them it was clear there was an appetite for making it easier to own stock in Wheaton.” Wheaton is currently reviewing about a dozen different projects as potential acquisitions, Smallwood said, particularly in the base metal sector. In light of the high prices for pre-

cious metals, he noted, precious metal companies have strong balance sheets. However, base metal companies that are now looking to generate value from non-core precious metals present the biggest opportunities for Wheaton. “Our business is to supply capital to the mining industry, and we’re blessed with the fact that the industry always needs capital,” he said. “Right now, we are looking at companies with copper, lead-zinc, and nickel assets to purchase gold and silver offtakes from them.” At press time in Toronto, Wheaton was trading at $59.02 per share within a 52-week trading range of $26.99 and $76.69. The company has 449 million common shares outstanding for a $26.5-billion market capitalization. TNM

township. There would be robots, too. ODX was going to take an Olympian effort just to get to the orebody, with the first six years dedicated to removing overburden. By 2050 the pit would grow to be 4.1 km long, 3.5 km wide and 1 km deep. Waste rock piled 150 metres high would cover approximately 67 square kilometres. The final feasibility was completed in May 2012, but by the time the Australian winter arrived, BHP was freezing capex budgets and institutional investors told companies spending like drunken soldiers to chill. Deadlines for board approval were quietly missed as the industry tightened belts and by August of that year then CEO Marius Kloppers declared the company would look for less capital-intensive options. One of those options, a previously discarded plan to add a giant heap leach operation, was put back on the drawing board where it remains today. The heap leach development trial only ended in June last year with results deemed “promising” but not much besides. Kloppers’ successor Andrew Mackenzie was less than enthusiastic about the project, saying Olympic Dam needed a technological breakthrough before the economics would make sense. In 2017, another inspiring acronym was introduced at Olympic Dam – BFX or Brownfield Expansion. Modest in its ambitions, expanding surface infrastructure and extracting higher grade ore from the southern zone, the projected cost was less than a tenth of the open pit. A level of uncertainty about the outcome of BFX was noticeable from the outset with potential annual output put anywhere from 240,000-350,000 tonnes. At US$2.5 billion for perhaps only 40,000 tonnes more, ODX seems

a comparative bargain. Then, the last week of October, after three years of study and more than 400 km of drilling, BFX was axed, a decision tucked away in BHP’s quarterly production review. “The studies have shown that the copper resources in the southern mine area are more structurally complex, and the higher grade zones less continuous than previously thought,” BHP said in its quarterly review. This was BHP trying to rationalize what a cruel mistress exploration can be. “We have decided the optimal way forward for now is through targeted debottlenecking investments, plant upgrades and modernisation of our infrastructure,” BHP continued. This was BHP softening the body blow to South Australia and Roxby Downs with management catchphrases. Not that Olympic Dam is not firing right now, with the mine’s best production results in years and a life still measured in decades. There are also other options for BHP in the region. Perhaps sensing defeat for BFX, the company has uncharacteristically made much of its exploration success at Oak Dam, 60 km from the underground mine. BHP also said last week “the longterm opportunity for Olympic Dam is unchanged.” But if long-term optimism about copper demand and prices, a narrow global pipeline of major projects, grades the envy of most large-scale mines, juicy gold credits and a uranium price that won’t go lower from here are not enough to clear a brownfield investment hurdle, what would? With BFX kiboshed, the era of mining megaprojects seems well and truly over. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group.

PODCAST W

NOVEMBER 9—22, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

Young Mining Professionals announces 2020 scholarship winners HONOURS

| Canadian mining industry continues to support students SCHOLARSHIP WINNERS

BY CARL A. WILLIAMS

cwilliams@northernminer.com

oung Mining Professionals (YMP) has announced its 2020 scholarship recipients. A total of $61,500 in scholarships has been awarded to students studying mining-related programs in Canada. “The scholarships are not only supporting the students but also helping to address the talent gap in the mining industry,” Stephen Stewart, director of YMP Toronto and president and CEO of Orefinders Resources (TSXV: ORX), said in an interview. This year, there are two categories of winners. The first category consists of the traditional scholarships, which range from $1,000 to $10,000. The second category, which is new this year, is the lottery scholarship program that consists of 33 awards of $500 each. The new mining lottery scholarship program is intended to cast a wider net, Stewart said, and make a bigger impact by giving smaller financial amounts to as many students as possible. “The larger scholarships were based on merit,” Stewart explained, “whereas to be eligible for the lottery, all the applicants had to do was to prove that they were pursuing a geology program, and then it came down to the luck of the draw.” The new lottery awards were funded by contributions from several companies, including Iamgold (TSX: IMG; NYSE: IAG), Orefinders Resources, Mistango River Resources (CSE: MIS), and Osisko Mining (TSX: OSK). This year’s scholarships were funded by Barrick Gold (TSX: ABX; NYSE: GOLD), Agnico Eagle Mines (TSX: AEM; NYSE: AEM), TD Bank, Kinross Gold (TSX: K; NYSE: KGC), Iamgold, Mistango River Resources, Champion Iron (TSX: CIA; ASX: CIA), Osisko Mining, Yamana Gold (TSX: YRI; NYSE: AUY), and Orefinders Resources. TNM

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joint-venture partner Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Przybylowski noted it could also lead to further acquisition activity in the Abitibi region. If Yamana itself, Agnico Eagle, or Eldorado were looking for further tuck-in acquisitions in the region, the analyst believes there are a few

NAME: Morgan Weller SCHOOL: University of British Columbia PROGRAM: Bachelor of Science in Geological

Engineering

GRADUATION YEAR: 2021 PRIZE AMOUNT: $10,000 SCHOLARSHIP NAME: Peter Munk Scholarship SPONSOR: Barrick Gold

NAME: Lerena Ashevak SCHOOL: Acadia University PROGRAM: Bachelor of Science in

PODC

NAME: Rim Kouider SCHOOL: McGill University PROGRAM: Bachelor of Applied Science in

Mining Engineering GRADUATION YEAR: 2021 PRIZE AMOUNT: $2,500 SCHOLARSHIP NAME: Kinross Student in Mining Scholarship SPONSOR: Kinross Gold NAME: Emika Morris SCHOOL: Queen’s University PROGRAM: Bachelor of Applied Science in

Environmental Sciences GRADUATION YEAR: 2025 PRIZE AMOUNT: $10,000 SCHOLARSHIP NAME: Perseverance/ Kajussissimainarniq Scholarship SPONSOR: Agnico Eagle Mines

Mining Engineering GRADUATION YEAR: 2022 PRIZE AMOUNT: $2,500 SCHOLARSHIP NAME: Kinross Student in Mining Scholarship SPONSOR: Kinross Gold

NAME: Angus McInnes SCHOOL: Queen’s University PROGRAM: Bachelor of Applied Science in

NAME: Bryn Upham SCHOOL: University of Alberta PROGRAM: Bachelor of Applied Science in

Mining Engineering GRADUATION YEAR: 2022 PRIZE AMOUNT: $5,000 SCHOLARSHIP NAME: TD Mining Capital Markets Scholarship SPONSOR: TD Securities

NAME: Caitlin Fischer SCHOOL: Queen’s University PROGRAM: Masters in Geological Engineering GRADUATION YEAR: 2022 PRIZE AMOUNT: $5,000 SCHOLARSHIP NAME: TD Woman in Mining

Scholarship TD Securities

SPONSOR:

NAME: John Byng SCHOOL: University of Calgary PROGRAM: Bachelor of Science in Geology GRADUATION YEAR: 2021 PRIZE AMOUNT: $4,000 SCHOLARSHIP NAME: Yamana Student in Mining

Scholarship Yamana Gold

SPONSOR:

Monarch’s Beaufor gold mine, located northeast of Val-d’Or, Quebec. MONARCH GOLD

companies that would fit that bill. Those include Probe Metals (TSX: PRB; US-OTC: PROBF), Radisson Mining Resources (TSXV: RDS; USOTC: RMRDF), Amex Exploration (TSXV: AMX; US-OTC: AMXEF) and O3 Mining (TSXV: OIII). Larger companies that could also serve to boost production and the

longer-term pipeline in the Abitibi include Wesdome Gold Mines (TSX: WDO), Wallbridge Mining (TSX: WM), and Osisko Mining (TSX: OSK), she wrote in a research note to investors. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group.

PODCAST Mining Engineering GRADUATION YEAR: 2021 PRIZE AMOUNT: $2,500 SCHOLARSHIP NAME: Kinross Student in Mining Scholarship SPONSOR: Kinross Gold NAME: Connor Hameliy SCHOOL: Queen’s University PROGRAM: Bachelor of Applied Science in

Mining Engineering GRADUATION YEAR: 2021 PRIZE AMOUNT: $2,500 SCHOLARSHIP NAME: Kinross Student in Mining Scholarship SPONSOR: Kinross Gold NAME: Pedro Pablo Vasquez SCHOOL: Laurentian University PROGRAM: Doctoral student in Natural

Resources Engineering GRADUATION YEAR: 2021 PRIZE AMOUNT: $1,000 SCHOLARSHIP NAME: Yamana Student in Mining Scholarship SPONSOR: Yamana Gold

PODC

PODCAST soundcloud.com/northern-miner northernminer.com/tag/podcast

SPECIAL FOCUS ON

QUEBEC Wesdome’s Kiena mine complex in Quebec. WESDOME GOLD MINES

Wallbridge advances Fenelon project in Quebec GOLD

| 2020-2021 exploration programs are fully-funded

QC Copper and Gold injects new life into Opemiska in the Abitibi | Company plans to expand exploration work at the property

COPPER

BY STAN SUDOL

Geologists from Wallbridge Mining at the company’s Fenelon gold project. WALLBRIDGE MINING

BY CARL A. WILLIAMS cwilliams@northernminer.com

allbridge Mining’s (TSX: WM) flagship Fenelon gold project lies along the prospective Detour-Fenelon gold trend in northwestern Quebec, 75 km west-northwest of Matagami. The 85.6 sq. km land package is 1 km north of the Sunday Lake Deformation Zone (SLDZ), a major east-west structure in the northern Abitibi greenstone belt, which also hosts Kirkland Lake Gold’s (TSX: KL: NYSE: KL) Detour Lake openpit gold mine in Ontario, Canada’s second-largest gold mine, 80 km west of Fenelon. Wallbridge purchased Fenelon for $3.7 million in October 2016 from Balmoral Resources. The property contains the Gabbro, Tabasco-Cayenne, Area 51, and Ripley-Reaper mineralized zones. “At the time, Fenelon was a small property of about 1,000 hectares, and we borrowed the money for the purchase from one of our shareholders, William Day Construction,” Marz Kord, the company’s president and chief executive, said in an interview. “As we set about exploring it, we realized that the belt on which it lies had seen very little exploration and that Balmoral Resources owned the majority of the properties in the area.” In May of this year, Wallbridge acquired Balmoral in an all-stock transaction valued at $150 million, which gave Wallbridge a district-scale land position totalling over 900 sq. km along the eastern extension of the Sunday Lake Deformation Zone. The acquisition brought together Wallbridge’s Fenelon gold project with Balmoral’s significant landholdings, which included the nearby Martiniere and Grasset gold and nickel assets, the Detour East gold project,

“I’M CONFIDENT THAT WE WILL COMPLETE AROUND 100,000 METRES OF DRILLING BY THE END OF THE YEAR.” MARZ KORD PRESIDENT & CEO, WALLBRIDGE MINING

the Jeremie nickel, copper, platinum group elements, zinc, silver, and gold project, the Harri gold and base metal project, and the Doigt gold project. “Fenelon offers the potential for a multi-million-ounce deposit in one of the top mining jurisdictions in the world,” Kord said. “The region has excellent infrastructure, direct road access to the site all-year-round, access to hydroelectric power in less than 20 km, and friendly local First Nation communities that we meet with weekly.” The gold systems on the property, Kord noted, are very similar to those found in mines in the Timmins and Red Lake mining districts of Ontario, and the Cargo Muchacho mining district in Arizona, which are all orogenic gold systems typically hosted along main breaks like the SLDZ. Gold mineralization on Fenelon was first discovered by Cyprus Canada Ltd. in 1988, leading to the discovery of the Main Gabbro zones, then called the Discovery zone, in 1994. Balmoral acquired Fenelon in the fall of 2010 and the following year completed a 41-hole drill program totalling 8,580 metres to test the lateral and down-dip/plunge extensions of the Discovery Zone and its eastern and northern ends. The program extended some mineralized veins in the zone along strike and to a depth of 250 metres. After purchasing the property in 2016, Wallbridge conducted a review of historic drill core samples from around the mine workings and examined previously unsampled drill core. A total of 399 drill cores were assessed, with 83 returning gold values

above 0.1 gram gold per tonne and 37 showing over 0.5 gram gold per tonne. “The results from this initial exploration program were very encouraging and clearly showed that there was considerable upside potential at Fenelon to add ounces close to the mine workings,” Kord said. In March 2017, the company released a prefeasibility study (PFS), which outlines an underground mine See GOLD / 10

Special to The Northern Miner

he Chibougamau-Chapais region, 750 km north of Montreal, is part of the largest Archean greenstone belt in the world. The belt, better known as the Abitibi, is 150 km in width, and stretches for 650 km from just west of Timmins in Ontario to Chibougamau in Quebec. Explorers started travelling through the Chibougamau wilderness, a territory with abundant fur-bearing animals, fishing and hunting as early as the mid-1600s, but it wasn’t until the late-1800s that prospectors began to take note of the region’s mineral potential. While there was some drilling and a small amount of mine construction in the first half of the 1900s, two world wars, a great depression and the region’s isolation prevented any significant mineral development. But in 1950, the Quebec government finished a 240 km road connecting the Chibougamau camp to St.-Felicien in the province’s Saguenay region. The minerals boom began with a power line and rail connection built shortly after the road link. In 1953, Falconbridge started producing copper from its Opemiska mine, which grew to include a cluster of four underground copper mines (Springer, Perry, Robitaille and Cooke). Two years later, Campbell Chibougamau Mines, which had a copper supply contract with the U.S. Defense Material Procurement Agency, built its Copper Rand underground mine. Over the next 55 years, the

Chibougamau-Chapais camp produced three billion lb. copper and four million oz. gold. Falconbridge’s Opemiska complex eventually shut down in 1991, after mining 1.1 billion lb. copper and 750,000 oz. gold from a highgrade vein system, and Copper Rand was the last copper mine in the camp to close down during the 2008 financial crisis. But over the last decade, Chibougamau has seen a resurgence of exploration activity, including one junior that has been consolidating ground in the region since 2018, and now controls 130 sq. km and all four of the underground mines that made up Falconbridge’s Opemiska complex. QC Copper and Gold (TSXV: QCCU) is focused on Chibougamau and is part of CEO Stephen Stewart’s Ore group. The Toronto-based mining executive says he’s thrilled to control the past-producing project, which boasted average grades of 2.4% copper and 0.3 gram gold per tonne. “We have an outstanding asset given its copper grade and location near rail, road, and power facilities in the heart of mining-friendly Quebec,” he said in an interview. “We are also very bullish on the demand prospects for copper with a global infrastructure boom on the horizon that will be intensified with the electrification trend. Copper is the world’s most versatile metal, and projects like ours in safe jurisdictions are highly sought after. Not to mention we have a nice gold credit too.” See COPPER / 14

FIT-FOR-PURPOSE SOLUTIONS Our fit-for-purpose solutions encompass the skills of qualified geologists, geostaticians, analytical chemists, mineralogists, metallurgists, process engineers and mining engineers brought together to provide accurate and timely mineral and process evaluation services across the entire mining life cycle. SGS IS THE WORLD’S LEADING INSPECTION, VERIFICATION, TESTING AND CERTIFICATION COMPANY

WWW.SGS.COM/MINING CA.MINERALS@SGS.COM

SPECIAL FOCUS ON QUEBEC

NOVEMBER 9–22, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

MAKING THE GRADE Executing one of the Largest Drill Programs in Canada

Fully funded 300,000 m drill program aims to build ounces on known gold zones and discover multiple new zones Consistently delivers exceptional high grade results, +60 drill holes have intersected gold mineralization greater than 10 g/t Au over variable widths Recent holes returned PE-19-27 – 56.75 g/t Au over 8.50m, PE-20-171 – 44.22 g/t Au over 9.10m, PE-20-167 – 35.13 g/t Au over 3.30m Located in the Quebec Abitibi Gold Belt, the Perron project is surrounded by gold mines

Amex Exploration (TSX.V: AMX, OTCQX: AMXEF, FRA: MX0) info@amexexploration.com +1 514 866 8209

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O3 Mining advances gold projects in Quebec GOLD

| PEA for Marban project completed in just four months

VanadiumCorp says Lac Dore is one of the largest and highest-grade vanadium resources in North America VANADIUM | Metallurgical studies to commence before the end of the year

BY TRISH SAYWELL

tsaywell@northernminer.com

3 Mining (TSXV: OIII) completed a preliminary economic assessment (PEA) of its Marban gold project in Quebec after only four months, and is on track to start a prefeasibility (PFS) study in 2021 and complete it by 2022. The company, which was spun out from Osisko Mining (TSX: OSK) in early 2019, was able to fast-track Marban because more than $60 million had been invested in the asset before Osisko acquired it in 2016, including over 600,000 metres of drilling, at least six metallurgical studies, as well as some geochemical analysis in the ore and waste rock. Today, Marban is worth more than twice O3 Mining’s $176-million market capitalization at a gold price of US$1,450 per oz. and four times its market cap at US$1,900 per oz., president and chief executive Jose Vizquerra said in an interview. “We were really six steps ahead, but the most important part was that the amount of information that existed was really underestimated, to the point where we redid the resources and we ended up increasing them by 40% because we included areas that hadn’t been paid attention to before.” “We ended up coming out with 2.5 million ounces of gold for a

THE NORTHERN MINER / NOVEMBER 9–22, 2020

BY CARL A. WILLIAMS cwilliams@northernminer.com

V O3 Mining’s team at Val-d’Or site office. O3 MINING

“WE REDID THE RESOURCES AND WE ENDED UP INCREASING THEM BY 40% BECAUSE WE INCLUDED AREAS THAT HADN’T BEEN PAID ATTENTION TO BEFORE.” JOSE VIZQUERRA PRESIDENT AND CEO, O3 MINING

project that for many years people thought was marginal,” he added. “We showed there were 1.8 million mineable ounces and two-thirds of the resource is already in the measured and indicated category.” The PEA, released in September, outlines an 11,000-tonne-per-day open-pit operation with a mine life of 15.2 years. The first 12 years will target production in excess of 130,000 oz. gold per year, peaking at 161,000 oz. in year nine, for an annual average of 115,000 ounces. The study forecast cash costs of US$741 per oz. See GOLD / 16

anadiumCorp Resource (TSXV: VRB; US-OTC: APAFF) has released the first resource estimate for the Main zone at its wholly-owned Lac Dore vanadium project in northern Quebec, 27 km east-southeast of Chibougamau. “Our first mineral estimate exceeded our expectations and shows that Lac Dore is one of the largest and highest-grade vanadium resources in North America,” Adriaan Bakker, VanadiumCorp’s president and chief executive, said in an interview. VanadiumCorp plans to commence metallurgical studies before the end of the year and next stage economic assessments in early 2021. Lac Dore contains measured and indicated resources of 214.93 million tonnes grading 0.4% vanadium pentoxide (V2O5), 27.1% iron, 7.1% titanium dioxide (TiO2), and 24.6% magnetite for 2.12 billion lb. of contained V2O5, 58.3 million tonnes of iron, and 15.2 million tonnes of TiO2. Inferred resources add 86.91 mil-

lion tonnes grading 0.4% V2O5, 28% iron, 7.6% TiO2, and 25.9% magnetite for 850 million lb. of contained V2O5, 24.4 million tonnes of iron, and 6.6 million tonnes of TiO2. The vanadium at Lac Dore is hosted by layered zones of vanadiferous titanomagnetite (VTM) that outcrop in a high-grade zone containing 1.3% to 1.4% V2O5 and significant levels of iron and titanium. The company used the Davis Tube Recovery method to separate the mineralized material into strongly magnetic and weakly magnetic fractions, which allowed it to assess the quantity and grade of the magnetite concentrates and to identify the high-grade massive magnetite zones. The assays returned magnetite concentrates of 52.82 million measured and indicated tonnes grading 1.3% V2O5, 62% iron, and 8.7% TiO2 for 1.49 billion lb. of V2O5, 32.8 million tonnes of iron, and 4.6 million tonnes of TiO2 and 22.55 million inferred tonnes averaging 1.2% V2O5, 62% iron, and 9.2% TiO2, for 610 million lb. of contained V2O5, 14 million tonnes of iron, and 2.1 See VANADIUM / 16

A Legendary Mine… REBORN

QCcopper.com | QCCU:TSXV

NOVEMBER 9–22, 2020 / THE NORTHERN MINER

SPECIAL FOCUS ON QUEBEC W

W . N OR TH ER N M I N ER . COM

Bonterra reports promising results at Barry project in the Abitibi EXPLORATION BY NORTHERN MINER STAFF

uebec-focused gold explorer Bonterra Resources (TSXV: BTR; US-OTC: BONXF) announced the most recent results from the drill program at its Barry project, located within the Abitibi Greenstone Belt in the province. The company resumed drilling operations at Barry in July, putting two drills into operation. One was on a barge at Lake Limpide, while the other was on dry land, and the combined exploration work since then has totalled 37 holes drilled, representing 13,002 metres of a planned 20,000-metre program. Results from the first 12 holes included an intersect from hole MB-20-286 returning 3 metres of 34.5 grams gold per tonne from 333

GOLD From 7

with a life of 18 months producing a total of 28,922 oz. gold at average all-in sustaining costs (AISCs) of US$1,105.79 per ounce. Initial capex was pegged at $5.24 million, and the early-stage study estimated an after-tax net present value of $2.8 million at a discount rate of 5%, with an after-tax internal rate of return of 60%. The PFS was based on a mineral resource estimate of 91,100 tonnes of measured and indicated resources grading 12.97 grams gold for 38,000 oz. gold. Inferred resources added 6,500 tonnes grading 9.15 grams gold for 1,900 oz. gold. By the end of 2017, the company had drilled 33 holes totalling 6,438 metres. The drilling confirmed gold mineralization up to 120 metres from the Main Gabbro zones and identified two new gold-bearing structures, the Cayenne and Tabasco zones. In 2018, the company completed a 21-hole 9,740-metre surface drill program that followed known mineralized zones to depths of 300-400 metres and tested for additional zones away from the mine workings. The last hole of the drilling campaign, 18-051, intersected a 200-metre-wide

| Company’s overall regional assets now comprise over 380 sq. km

metres. This was one of six infillholes drilled as part of the exploration program. Two other highlights of the Barry infill-holes were hole MB-20-285, which cut 3 metres of 5.4 grams gold from 117 metres, and hole MB-20-284, which intersected 2 metres of 4.5 grams gold. Four holes were also drilled from the barge on Lake Limpide. One of these, hole MB-20-281, assayed 6.9 grams gold over 1 metre. Pascal Hamelin, Bonterra’s interim CEO and vice-president of operations, described the results as promising. “The western extension at Barry has been identified by Bonterra as a prospective area to confirm existing inferred resources and add new resources, and the results to date are

confirming this view,” Hamelin said in a news release. The project, which is part of Bonterra’s overall regional assets that comprise over 380 sq. km, contains a shear-hosted gold deposit with multiple parallel, sub-vertical, shear zones, and a second set of veins dipping 50 to 60 degrees to the south. The deposit has been delineated over 1 km along strike and 600 metres vertical. Bonterra says the gold mineralization consists of disseminated sulfides within the shear zone and the veins with local visible gold. At press time, Bonterra’s shares were trading at $1.02 within a 52week range of 63¢ and $2.31. The company has 77.5 million common shares outstanding for a $79-million market capitalization. TNM

Drill rig at Bonterra’s Gladiator project, near the company’s Barry site in Quebec. BONTERRA RESOURCES

and previously unknown package of favourable intermediate to mafic rocks that hosted a stockwork of gold-bearing veins surrounding higher-grade shear zones similar to those found in the main deposit. The new area, 500 metres south of the Main Gabbro zones, was named the Area 51 zone. That same year, Wallbridge also completed 92 drill holes of an underground drill program totalling 10,959 metres, with visible gold observed in 50% of the holes. The drilling extended known gold zones and discovered new parallel zones, the Naga Viper and Chipotle zones, located on the eastern end of the Main Gabbro zones. Last year, Wallbridge dewatered the open-pit and existing underground infrastructure in the Main Gabbro zones, and completed 2,100 metres of underground development, establishing four mining horizons and workings to explore the first 100 metres from surface. Wallbridge released the results from a 33,233-tonne bulk sample program in May. The material was taken from five stopes and returned a reconciled average grade of 18.49 grams gold for 19,755 contained oz. gold.

A further 2,277 tonnes of lowgrade ore included in the bulk sample from previous operators returned a reconciled grade of 4.23 grams gold for 310 oz. gold. “Overall, the bulk sample results met or exceeded our initial projections in terms of grade and gold recovery and established that Fenelon could be mined at good grades using relatively low-cost bulk mining methods,” Kord said. By the end of 2019, Wallbridge had completed a surface drill program comprising 56 drill holes totalling 42,889 metres. The drilling successfully extended the high-grade gold mineralization to 850 metres vertical depth at the Tabasco zone, which remains open along strike and at depth. The drilling also tested mineralization in the Area 51 zone. Highlights included drill hole 19-052, which intersected 228 metres grading 1.46 grams gold from 363 metres, including 11 metres grading 15.93 grams gold. Hole 19-059 cut 78 metres grading 1.02 grams gold from 308 metres, including 18 metres grading 3.28 grams gold. The company also completed an underground infill drill program last year of 167 drill holes totalling 31,558-metres designed to extend

the known mineralized zone below the bulk sample development to a depth of 350 metres. This year the company had planned to drill 100,000-120,000 metres. However, restrictions imposed due to the coronavirus pandemic forced it to suspend its drill program in March. The company resumed exploration in late May. “Although we revised our guidance on exploration for the year, I’m confident that we will complete around 100,000 metres of drilling by the end of the year,” Kord said. “To date, we’ve completed about 75,000 metres and have already demonstrated that the near-surface mineralization has the potential to become an open-pit deposit.” The 2020 drill program is focused on infill drilling along 75-metre step-outs along strike and to depth. Next year the company plans to drill about 150,000 metres and complete an updated resource estimate before the end of the third quarter that will include for the first time the Main Gabbro, Tabasco, Cayenne, and Area 51 zones. In addition, Wallbridge intends to start a 10,000-metre, multi-year development program, to establish underground drilling platforms in

SIRIOS RESOURCES:

TSX-V: SOI

Exploring and Expanding the Cheechoo Gold Discovery in Québec, Canada

• 1.6 Moz Au Inferred resources delineated in 2019 (71.0 Mt @ 0.69 g/t Au) • Signiﬁcant upside for expanding the mineral resources • Low strip ratio (1.1) • Drilling program planned for winter 2021 • Metallurgical tests concluding in early 2021 • Easy access to road, airstrip, hydroelectricity • Support from Newmont Corporation, our largest shareholder

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Area 51 and Tabasco in 2021. The program will include tightly-spaced drilling in Area 51, the Lower Tabasco, and Cayenne zones down to 1,500 metres vertical depth, along with mapping and sampling of the zones from underground. “The 2020-2021 exploration programs are fully-funded with around $112 million,” Kord said. “We’ve spent some of that money on this year’s program and have a little over $80 million left in the treasury to fund next year’s work.” The company is also looking to spend about 10-15% of next year’s budget on its regional assets, including follow-up work on newly acquired land south of the Sunday Lake Deformation Zone and its Martiniere gold project, 30 km west of Fenelon. Resources at Martiniere stand at 7.92 million indicated tonnes grading 2.32 grams gold for 590,642 ounces. Inferred resources add 363,420 tonnes grading 4.57 grams gold for 53,344 ounces. Wallbridge also has an option agreement with Midland Exploration (TSXV: MD) to earn a 50% interest in the Casault gold project, 40 km east of the Detour Lake deposit. Under the agreement, Wallbridge must spend $5 million on exploration over four years, including $750,000 during the first year. In September, the company signed a non-binding term sheet for a joint venture on its Detour East gold project with Kirkland Lake Gold. Under the deal, Kirkland can earn a 75% interest in Detour East by spending $35 million on the property. “The joint venture agreement will allow us to focus on fully-defining the size potential of Fenelon while also advancing exploration on Detour East located at the far west end of our land position,” Kord said. Wallbridge also has a 20% stake in Loncan Canada, a privately-held company with an extensive portfolio of nickel, copper, and platinum group metal projects in Ontario’s Sudbury Basin. The company has attracted a range of investors. Mining investor Eric Sprott holds a 20.7% stake in the company, Kirkland Lake Gold owns about 9.9%, William Day Construction about 7.1%, and the VanEck Vectors Gold Miners Exchange about 3.8%. At press time in Toronto, Wallbridge was trading at 83¢ per share within a 52-week trading range of 32.5¢ and $1.35. The company has 789 million common shares outstanding for a $654.5-million market capitalization. TNM

G LOBAL M I N I N G

N EW S

SPECIAL FOCUS ON QUEBEC

THE NORTHERN MINER / NOVEMBER 9–22, 2020

QUEBEC SNAPSHOT: EIGHT COMPANIES TO WATCH BY MAGDA GARDNER

mgardner@canadianminingjournal.com

With a large landmass, favourable mining policies and a strong history of mine development and operations, Quebec is one of the world’s top destinations for mineral explorers and developers. Below, we showcase eight companies active in the province. n FALCO RESOURCES Falco Resources (TSXV: FPC) is working to start up the Horne 5 project below the past-producing Horne deposit in Royun-Noranda. The Horne mine, originally discovered in 1920, operated between 1926 and 1976, generating 54 million tonnes over this time, at a head grade of 6.1 grams gold per tonne, 13 grams silver per tonne and 2.22% copper. In the fall of 2017, the results of a feasibility study on a development at Horne 5 defined a 15-year, 16,000-tonne-per-day bulk operation, producing an annual average of 219,000 payable oz. gold over the life-of-mine. In addition to gold, the underground operation would produce 229 million lb. copper, 1 billion lb. zinc and 26.3 million oz. silver over 15 years. With all-in sustaining costs (AISCs) estimated at US$399 per oz., and a pre-production construction outlay pegged at US$801.7 million, the after-tax net present value for the proposed mine stands at US$602 million, at a 5% discount rate, with a 15.3% internal rate of return. According to Falco, Horne 5 is “one of the largest gold projects in North America.” This site includes proven and probable reserves of 80.9 million tonnes, grading 1.44 grams gold, 14.14 grams silver, 0.17% copper and 0.77% zinc, (2.37 grams gold-equivalent), which contain 6 million goldequivalent ounces. Below this reserve inventory, Falco holds 21.5 million of inferred resources, at 2.51 grams goldequivalent, with additional exploration potential at depth within the volcanogenic massive sulphide deposit. In October, Falco announced agreements with Glencore (LSE: GLEN), including a $10-million senior secured convertible debenture bridge financing to fund Horne 5, and life-of-mine copper and zinc concentrate offtake agreements. Last year, the company entered into a binding term sheet on a silver stream with Osisko Gold Royalties (TSX: OR; NYSE: OR). The stream would cover up to 100% of the future silver from Horne 5 in exchange for up to $180 million in up-front cash payments and ongoing payments equal to 20% of the spot silver price, up to a maximum of US$6 per ounce. Falco is focused on permitting and project financing work for Horne 5. The company has an $88.2-million market capitalization. n GLOBEX MINING Globex Mining Enterprises (TSX: GMX; US-OTC: GLBXF) is a project generator and mineral property bank focused on assets in eastern Canada, the U.S. and Germany. The company’s strategy includes property acquisition and exploration, and preparing projects for option,

A rendering of Falco Resources’ planned Horne 5 gold mine in Rouyn-Noranda, Quebec. FALCO RESOURCES

joint venture or sale. As compensation, Globex secures long-term royalty arrangements. Globex holds 189 exploration, development and royalty properties in its portfolio, including base and precious metals assets, as well as specialty metals and minerals and industrial minerals. These assets include over 40 former mines, and 54 historical or current resource inventories. They also feature 69 royalties and two active options, with cash or share payments and a gross metal royalty. In Quebec, Globex holds several property interests along the Abitibi geological belt, between Timmins and Val d’Or. In September, the company announced that it had received the second-year option payment from Excellon Resources (TSX: EXN) of $100,000 in cash and $325,000 in Excellon stock, for the Braunsdorf silver project in Germany. Earlier that month, Globex also announced that Radisson Mining (TSXV: RDS) hit high grades on the Kewagama gold mine portion of the O’Brien project, near Cadillac, Quebec. Globex holds a 2% net smelter royalty on this part of the O’Brien property. Intercepts included 2.1 metres of 45.86 grams gold per tonne and 2.2 metres of 17.9 grams gold. In July, the company sold 91 claims, totalling 49.6 sq. km, 80 km north of Chibougamau, Que., to Troilus Gold (TSX: TLG). These claims allowed the gold-copper developer to continue consolidating a land package south and southeast of the past-producing Troilus mine. In exchange, Troilus paid Globex 350,000 Troilus shares and granted the company a 2% gross metal royalty. Globex has a $39.3-million market capitalization. n IAMGOLD Iamgold (TSX: IMG; NYSE: IAG) is a gold producer with three operating mines: Westwood in Quebec, Rosebel in Suriname and Essakane in Burkina Faso. This year, the company expects to generate a total of 645,000-700,000 oz. gold for Iamgold, at all-in sustaining costs (AISCs) of US$1,195-$1,245 per ounce. The open pits at Essakane and Rosebel are expected to make up the majority of this year’s guidance, with Westwood anticipated to contribute 85,000-100,000 oz. Westwood is expected to pro-

duce 130,000-145,000 gold oz. annually, at AISCs in the US$1,000$1,100 per oz. range, once ramped up to a steady-state level. With a three to four-year ramp-up expected, production is expected to be in the range of 100,000-125,000 oz. a year.

Also in Quebec, the producer has been active on the exploration front. With excess mill capacity at Westwood, the company is looking to feed the processing site with material from satellite prospects and custom feed. In September, the company held

a ground-breaking ceremony, to mark the start of construction at its 64.75%-held Cote gold project, 20 km from Gogama, Ontario. Japanheadquartered Sumitomo Metal Mining is Iamgold’s joint-venture See SNAPSHOT / 12

Crater Lake Project in Québec Building a Reliable & Sustainable Scandium Supply Chain

• A critical strengthener of next-generation lightweight aluminum alloys • Poised for rapid market growth in the automotive, commercial aerospace, defense, and fuel cell sectors • Crater Lake is the largest known scandium resource in the western world

Please visit us at www.imperialmgp.com and follow us on: @imperial_mining

Imperial Mining Group

TSX-V: IPG

Imperial Mining Group

SPECIAL FOCUS ON QUEBEC

NOVEMBER 9–22, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

Monarch Gold’s Beaufor mine, northeast of Val-d’Or, Quebec. MONARCH GOLD SNAPSHOT From 12

partner and holds a 30% interest in the 70-30 joint venture. Treelawn Investment has a 7.5% interest in the project, outside of the JV. According to a 2018 feasibility study, and incorporating updates from this summer, the 70,000-tonne-per-day Cote open pit is expected to produce an average of 367,000 gold oz. annually, over 18 years. Assuming a gold price of US$1,350 per oz., AISCs are forecast at US$771 per oz., while the initial capital estimate is US$1.3 billion. Based on US$1,350 per oz. gold, the after-tax net present value estimate for this development comes in at US$1.1 billion, at a 5% discount rate, with a 15.3% internal rate of return. The company is targeting commercial production at Cote by the second half of 2023. Iamgold has a $2.5-billion market capitalization. MONARCH GOLD Monarch Gold (TSX: MQR; USOTC: MRQRF) is a Quebec-focused explorer and developer. The company’s flagship asset, Wasamac, is currently in the permitting stage, with financing efforts and trade-off studies also underway. Wholly owned Wasamac covers 21.8 sq. km and lies 15 km to the west of Rouyn-Noranda. A 2018 feasibility study on the asset defined a 6,000 tonne-per-day, 11year underground mine. This operation would produce an average of 142,000 gold oz. annually, at allin sustaining costs of US$630 per ounce. With a construction cost pegged at $464 million, the aftertax net present value for this development stands at $311 million, at a 5% discount rate, with an 18.5% internal rate of return. The shear-hosted deposit fean

Iamgold’s president and CEO, Gord Stothart (centre left), with Prime Minister Justin Trudeau (centre right) and other officials at the groundbreaking for the Cote project, Sept. 11, 2020. ADAM SCOTTI/PMO

tures mineral reserves of 21.5 million tonnes, grading 2.56 grams gold per tonne, containing 1.8 million gold ounces. Wasamac previously produced 252,923 oz. of gold between 1965 and 1971. In May, Monarch entered into a memorandum of understanding with Glencore (LSE: GLEN), on the potential use of the major’s Kidd concentrator in Timmins, Ontario, to treat Wasamac ore. The first stage of the MOU involves a study, to be completed by Monarch, on upgrading the concentrator and infrastructure. The company also has a 100% stake in the past-producing Beaufor underground mine, 20 km north of Val-d’Or. The site was placed on care maintenance in June 2019. Monarch is looking to restart this operation in the next 12 to 18 months. Material mined from Beaufor is processed at the company’s 1,600 tonne-per-day Camflo

Headframe at Wesdome’s Kiena mine complex in Quebec. WESDOME GOLD MINES

mill, 50 km away. In May, Monarch also signed an agreement with the Caisse de dépôt et placement du Québec, selling a 3% net smelter return royalty on gold production from the mine for $5 million. With these proceeds, the developer has started a 42,500-metre drill program, focusing on near-mine and near-surface targets. Also in Quebec, Monarch holds the high-grade McKenzie Break exploration project, as well as the past-producing Camflo property. On Nov. 2, Monarch and Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) announced a friendly acquisition agreement under which Yamana will acquire Monarch’s Wasamac property and its Camflo property and mill in a cash and share deal worth about $200 million (see story on page 1). Monarch Gold has a $127.4-million market capitalization. n VANSTAR MINING Vanstar Mining Resources (TSXV: VSR) holds a mineral property portfolio in Quebec — these include the Nelligan, Felix

and Amanda projects. Nelligan, the most advanced holding, covers 58 sq. km, and is under an earn-in option to joint venture agreement with Iamgold (TSX: IMG; NYSE: IAG). This site, 60 km west of Chibougamau, includes a mineral deposit with 96.9 million inferred tonnes, at 1.02 grams gold, with 3.2 million gold ounces. Iamgold holds a 75% interest in Nelligan, and Vanstar holds the remaining 25% stake. The gold producer may acquire an additional 5% interest, for an 80% holding, by completing a feasibility study. Vanstar would then retain a 20% noncontributory carried interest until initial production, with development funded by Iamgold. There are four major known gold zones at the site — Rendard, Liam, Dan and 36. In June, Iamgold announced exploration results from Nelligan, which suggest potential for a western extension of the resource, and confirm the resource model. Drill highlights included 27 metres of 2.86 grams gold; 25.1 metres of 1.87 grams gold; and 10.5 metres of 10.5

grams gold. Vanstar also wholly owns the 16.3-sq.-km Felix project, 86 km northeast of Rouyn-Noranda. The claims were originally explored for iron in the 1940s, before gold exploration in the 1970s and 1980s. There are two untested electromagnetic conductors at the site. The company is compiling data on this asset and plans to complete an airborne geophysical survey, as well as 2,500 metres of drilling. Northeast of Chibougamau, Vanstar holds a 100% stake in the 74.7-sq.-km Amanda project, with five known gold showings associated with iron formations. These were discovered in 1995 and 1996; with 24 drill holes completed between 1997 and 2002. Highlight intercepts included 7 metres of 5.4 grams gold and 18 metres of 1.15 grams gold. After prospecting and sampling at the property this year — which led to the discovery of four new gold showings — the explorer plans to start mapping, stripping and drilling next year. Vanstar Mining has a $73.4-million market capitalization. n TROILUS GOLD Troilus Gold (TSX: TLG; USOTC: CHXMF) ) is working to re-start the Troilus gold project in Quebec, in the northeastern part of the Frotet-Evans greenstone belt. In September, the developer released the results of a preliminary economic assessment for the project. The study defined a 22-year, 35,000 tonne-per-day open pit and underground operation, producing an average of 220,000 gold oz. annually in its first five years. With all-in sustaining costs forecast at US$1,051 per oz. and an initial capital outlay of US$333 million, the after-tax net present value estimate for the project comes in at US$576 million, at a 5% discount rate, with a 22.9% internal rate of return, based on US$1,475 per oz. gold. Troilus plans to deliver a prefeasibility study next year. At the end of July, the company published an updated resource estimate for the property, with 177.3 million indicated tonnes grading 0.75 gram gold per tonne, 0.08% copper and 1.17 grams silver, as well as 116.7 million inferred tonnes at 0.73 gram gold, 0.07% copper and 1.04 grams silver. With land holdings totalling over 1,000 sq. km, the company is the largest mineral claims holder in the underexplored greenstone belt. Existing resources are contained within the J, Z87 and Southwest zones, which lie within a 20-km long geophysical trend. In October, the developer reported regional exploration results – highlight samples from a new target, Testard, 10 km south of the main resource area, included 203 grams gold, 2,440 grams silver and 4.37% copper; 54.2 grams gold; and 31.5 grams gold and 13.4 grams silver. According to Troilus, these results included “the highest insitu gold grades recovered to date within the Frôtet-Evans Greenstone belt.” Earlier in October, the company

See SNAPSHOT / 14

G LOBAL M I N I N G

N EW S

SPECIAL FOCUS ON QUEBEC

THE NORTHERN MINER / NOVEMBER 9–22, 2020

Exploring Quebec’s Richest Gold Belts Strengthened by Strategic Project Partnership

Felix Project

Strategically Located on the Abitibi Gold Belt • • • •

100% owned by Vanstar (no royalty) 65KM East of AMEX Perron property Historical Gold Showings up to 1.8 g/t Au Upcoming Winter Drilling Campaign

Amanda Project 7,306 ha Property in Northern Québec • • • •

100% owned by Vanstar (no royalty) Historical Gold Showings up to 12.1 g/t Au New Potential Gold Bearing Zones (Oct 2020) Upcoming Extensive Exploration Campaign + Mag Survey (Spring / Summer 2021)

Nelligan Project 3.2 M oz – 100Mt @ 1.02 g/t Au (43-101 October 2019)

"Discovery of the Year Award" by the Quebec Mineral Exploration Association • IAMGOLD (75%) – Vanstar (25%) • 20% undivided non-contributory carried interest until commercial production • 1% NSR • Strategic Location : 60 KM Southwest of Chibougamau • Upcoming Winter Drilling Campaign & Summer Drilling Results • 4 major gold zones on a vast auriferous hydrothermal system

STRONG FUNDAMENTALS

O N L Y 5 5 M S H A R E S I S S U E D (NO WARRANTS) | O V E R $ 5 M I N C A S H MANAGEMENT TEAM FOCUSED ON GROWTH TSX-V : VSR OTC (U.S.) VMNGF FRANKFURT : 1V8

514-917-9016 x113 | ir@vanstarmining.com | www.vanstarmining.com

SPECIAL FOCUS ON QUEBEC

NOVEMBER 9–22, 2020 / THE NORTHERN MINER

SNAPSHOT From 12

announced that the summer’s exploration program defined another new zone of mineralization, the Goldfield Boulder zone, 36 km from the main mineral zones. Highlight sample assays included 26.2 grams gold and 27.8 grams silver; and 6.51 grams gold. In September, Troilus started a 20,000-metre drill campaign, to upgrade resources and grow its inventory. Later that month, the company announced that samples from the regional exploration program suggest a new zone of mineralization, 8 km southwest of the main resource. Assay highlights included 9.7 grams gold and 1.1 grams silver; 2.81 grams gold and 2.69 grams gold. The Troilus property includes a past-producing gold and copper mine, which generated over 2 million gold oz. and 70,000 tonnes of copper between 1996 and 2010. Troilus Gold has a $121.8-million market capitalization. WESDOME GOLD MINES Wesdome Gold Mines (TSX: WDO) is a gold producer and holds the Eagle River mine in Ontario, 50 km east of Wawa, as well as the Kiena complex in Quebec, within Val-d’Or. This year, the company expects n

Drill rig at Probe’s Cadillac Break East project, summer 2020. PROBE METALS

to generate 90,000-100,000 oz. gold at all-in sustaining costs of US$9851,040 per ounce. The majority of this production is expected from the Eagle River underground mine, with a contribution from the Mishi pit. These feed a 850-tonne-per-day mill at Eagle River. In September, the producer announced underground drill results from Eagle River — this work targeted the Falcon 7 zone, which the

company says could provide additional mill feed. Drill highlights included 1.8 metres of 51.3 grams gold; and 12.5 metres of 18.6 grams gold. Wesdome has traced this zone from surface, over 1,000 metres of plunge; the area is an upplunge extension of the 7 zone being mined currently. The company expects to include mineral resources and reserves from Falcon 7 in its year-end update.

Proven and probable reserves across the 110-sq.-km complex total 1.2 million tonnes, at 14.4 grams gold, containing 550,000 ounces. In Quebec, the 65-sq.-km Kiena complex has been on care and maintenance since 2013 and contains a permitted, 2,000 tonne per day mill, a 930-metre shaft, and a ramp system that extends down to 1,050 metres. In May, Wesdome released the

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results of a preliminary economic assessment on a restart of Kiena. The study outlined an eight-year operation, producing an average of 85,931 oz. gold annually at AISCs of US$512 per ounce. With an initial capital cost estimate of $35 million, the after-tax net present value estimate of the development is $416 million, at a 5% discount rate. In September, the gold company announced the results of underground definition drilling at Kiena — highlights from the higher-grade A zone included 13.1 metres of 151.1 grams gold; 10.8 metres of 96 grams gold; and 2.7 metres of 157.7 grams gold. According to Wesdome, this work has confirmed the geometry of the high grades in the A zone and traced new mineralization. An updated resource for Kiena is on track for release later this year, ahead of next year’s prefeasibility study for the asset. Wesdome Gold Mines has a $1.8-billion market capitalization. n PROBE METALS Probe Metals (TSXV: PRB; USOTC: PROBF) is focused on advancing its Val-d’Or East project, 25 km east of Val-d’Or. The district-scale project covers 435 sq. km and, according to Probe, is one of the largest land holdings in the Val-d’Or camp. The property includes three past-producing mines (Beliveau, Bussiere and Monique) and falls along four regional mine trends, including 14 km of strike along the Cadillac Break. Val-d’Or East features two known parallel gold trends, Courvan and Pascalis. In September 2019, Probe tabled an updated resource estimate, with total measured and indicated resources of 14.6 million tonnes, grading 1.85 grams gold per tonne, for a total of 866,300 gold ounces. Additional inferred resources stand at 37.9 million tonnes, at 1.96 grams gold, for a further 2.4 million oz. of gold. These resources include both a pit-constrained, as well as an underground component, and are contained within three deposits along the Pascalis trend, five along Courvan, and also include resources at Lapaska and Monique. Monique lies within the Val-d’Or East land package, whereas Lapaska is part of the Cadillac Break East property, optioned from O3 Mining (TSXV: OIII), where Probe may earn up to a 60% interest. In October, the company released results from Val-d’Or East; drilling hit near-surface gold mineralization around existing resources, as well as two new gold zones around the Pascalis trend. Highlights from a new zone southeast of the New Beliveau deposit included 26.4 metres of 1.4 grams gold starting at 26.6 metres and 0.6 metre of 94.1 grams gold from 18.3 metres. In September, Probe announced high-grade gold intercepts from expansion drilling at the wholly owned Monique property, reporting drill highlights of 24.5 metres of 4.1 grams gold and 6.7 metres of 3.6 grams gold. In August, the company released results from the Courvan area at Val-d’Or East – notable intercepts included 7 metres of 8.8 grams gold and 4.4 metres of 10.3 grams gold. This drilling included resource expansion and infill work. Towards the end of July, Probe announced a new discovery at Cadillac Break East, where a discovery hole hit 8.8 metres of 8 grams gold, along a trend with several gold zones. The company is on track to drill a total of 90,000 metres this year and aims to release a resource estimate in the first quarter of next year. Probe Metals was formed as a result of the sale of Probe Mines to Goldcorp in March 2015. Probe Metals has a $207.6-million market capitalization. TNM

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SPECIAL FOCUS ON QUEBEC

N EW S

THE NORTHERN MINER / NOVEMBER 9–22, 2020

QMX Gold drills high-grade at River target in Quebec EXPLORATION

| Company currently has four rigs working the site

BY NORTHERN MINER STAFF

Q Vein outcrop at QC’s Opemiska property in Quebec’s Abitibi region. QC COPPER & GOLD COPPER From 7

Falconbridge was also a good operator, he says, and it kept great records, with 850,000 metres of historical drill data. QC Copper has digitized and modelled the data and come up with a new model. QC Copper and Gold acquired Opemiska from Ex-In Inc., a privately held company, which acquired the project after Falconbridge shut it down. Ex-In conducted sporadic exploration there between 1993 and 2016, concentrating on defining the high-grade veins within the unmined crown pillars. One of its high-grade drill holes returned 10 metres of 6.15% copper-equivalent, while another ran 52 metres of 1.85% copper-equivalent. Ex-In’s drilling showed lowergrade disseminated copper outside high-grade veins that had been completely ignored by Falconbridge, which was later acquired by Glencore (LSE: GLEN). “I had a theory that there was extensive disseminated mineralization between the high-grade veins and that this would be key to unlocking much more value at Opemiska then just mining high-grade veins near surface that was left behind or undiscovered by Falconbridge,” Charles Beaudry, QC Copper and Gold’s vice-president of exploration, said in an interview. “Potentially, we could mine both the disseminated and high-grade copper veins via an open cut, bulk tonnage operation that could have exceptional economics. The Malartic, Detour Lake and Cote Lake open-cut gold mines have proven very successful doing the same thing.” Last year, the results of a 3,300-metre drill program to test the theory exceeded Beaudry’s expectations. Nearly all holes hit significant mineralization over broad intersections at shallow depths, and confirmed broad zones of disseminated copper mineralization around high-grade veins. The disseminated copper showed surprisingly high grades, including 74 metres of 2.54% copper-equivalent starting from 28 metres and 58 metres grading 1.41% copper equivalent from 50 metres, including 9 metres of 5.9% copper equivalent. “The Chapais-Chibougamau mining camp is known for its copper-gold vein systems which have been shown to be related to the Chibougamau intrusion,” Beaudry explains. “Although structurally-controlled, the Chibougamau deposits show strong affinity to porphyry copper-gold deposits. At Opemiska, however, the veins are not intrusion related although they are hosted by the maficultramafic phases and are thought to be related to later deformation along the Gwillim fault system.” QC Copper and Gold intends to publish its first in-pit mineral resource estimate for the Springer and Perry deposits after the next phase of drilling and, results permitting, a preliminary economic assessment for Springer and Perry to evaluate the economics of an open pit operation with potential supplemental resources underground.

“COPPER IS THE WORLD’S MOST VERSATILE METAL, AND PROJECTS LIKE OURS IN SAFE JURISDICTIONS ARE HIGHLY SOUGHT AFTER.” STEPHEN STEWART CEO, QC COPPER & GOLD

So far, QC Copper has tested only the Springer deposit but says it plans to employ its exploration concept at Perry, Robitaille and Cooke. The company notes that Cooke is a gold deposit with copper as a by-

MX Gold (TSXV: QMX) has drilled 44.4 grams gold per tonne over 2 metres from 170 metres downhole at its River Target, 1 km west of the past-producing Herbin mine and 16 km northwest of the junior’s Bonnefond deposit. The Lac Herbin underground mine produced about 172,650 oz. gold between 2008 and 2016. The interval came from a second mineralized zone within drill hole 17421-20-056, which also returned 11 metres of 2.78 grams gold per tonne starting from 115 metres, including 18 metres over 1 metre. Drill hole 17421-20-059 cut 5 metres grading 3.93 grams gold starting from 146 metres, including 4.78 grams gold over 1 metre and 11.01 grams gold over 1 metre. The assays are from this year’s first round of results from the company’s 8,500-metre drill program (27 drill holes) at the River target. River was originally discovered in 2011 by Alexis Minerals, but QMX didn’t start its reconnaissance program (1,000 metres in seven drill holes) until late 2019. QMX Gold plans to focus on

the western extension of the River target, as drilling on the eastern extension intersected the targeted sheer zone structure but did not hit significant mineralization, the company said in a statement on Oct. 22. The mineralization at the River target is hosted by quartz-tourmaline veins with pyrite in shear zones in the Bourlamaque batholith. This year, QMX plans to drill a total of 45,000 metres on its 200-sq.km. land package in Val d’Or, which includes the Bonnefond deposit and the River and Poulmaque target areas, both in the Bourlamaque zone. The Poulmaque target is situated along trend of the past-producing Courvan mine and the Pascalis Beliveau deposit. Two of its four rigs are in the Bourlamaque zone (one completing the River target campaign and the other in the Poulmaque area), and the other two are in the Eastern Zone, one undertaking a third deep hole in the Bonnefond intrusive and the other exploring west of the New Louvre sill and south of the Bonnefond intrusive. Since 2017, QMX has completed more than 90,000 metres of drilling

on the Bonnefond South deposit, which led to a first resource estimate in July 2019 of 4.76 million tonnes grading 1.69 grams gold for 258,700 contained oz. gold and 2.41 million inferred tonnes grading 1.87 grams gold for 145,100 ounces. The company says it plans to update the resource by year-end. QMX also owns the Aurbel gold mill and tailings facility, 15 km east of Val d’Or, and is pursuing custom milling opportunities. O3 Mining (TSXV: OIII) has an option to acquire the mill over the next six years for $5 million and the assumption of environmental liabilities of $3 million. If O3 Mining exercises its option, QMX maintains access to 650 tonnes per day. Significant shareholders include Eldorado Gold (TSX: ELD; NYSE: EGO) (18%); Osisko Gold Royalties (TSX: OR; NYSE: OR) (6%); and Probe Metals (TSX: PRB; US-OTC: PROBF) (4%). In the last year, QMX Gold has traded in a range of 4¢ and 37.5¢ and at press time was trading at 18¢. The company has 381 million common shares outstanding for a $69-million market capitalization. TNM

The Robitaille glory hole at QC’s Opemiska property. QC COPPER & GOLD

product, which provides significant upside for Opemiska. Cooke produced 320,000 oz. gold at a grade of 5.15 grams gold per tonne. The company’s near-term focus is evaluating structural controls on the mineralization in the gold-rich veins. Stewart says the timing for advancing Opemiska is just right with the world’s increasing appetite for copper. “Copper is starting to attract an enormous amount of attention,” he said. “It was in a depressed state of around US$2 a pound at the outset of Covid, but has bounced back aggressively to over US$3 recently. Declining grades in copper mines in Chile, the biggest producer in the world, along with increased political risk abroad make Quebec and our Opemiska project an attractive investment proposition for shareholders.” While the pandemic initially drove copper prices down, the metal has rebounded due to increased demand from China. Electric vehicles use four times as much copper than gaspowered cars and many analysts are predicting higher prices in the medium and long term. In addition, massive green stimulus spending on infrastructure and further electrification is expected in China, the European community and North America in the next few years, further increasing demand for the red metal. “Typically, increases in the price

of the physical metal does not impact the share price of exploration companies as quickly as it does for producers,” Stewart said. “It took about nine months for the jump in

TSX.V: PRB

gold price to be reflected in the junior gold explorers. I see a similar setup with copper and an opportunity for investors to recognize this trend and get in front of the surge.” TNM

— Stan Sudol is a Toronto-based communications consultant, freelance mining columnist and owner–editor of www.republicofmining.com.

www.probemetals.com

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NOVEMBER 9–22, 2020 / THE NORTHERN MINER

areas where there is the most potassium; or areas where there are more felsic rocks, or more mafic rocks. It took us three months and we came up with a very interesting map that showed four different styles of mineralization and more than 25 areas of prospectivity.” In other news, O3 Mining signed an option agreement in May with QMX Gold (TSXV: QMX) to acquire a 100% interest in its fully permitted Aurbel mill, 10 km from Alpha. Under the agreement, O3 Mining can buy the mill, tailings and associated permits and liabilities for $5 million at any time over six years. “That has allowed us to show investors that we have a clear path to production,” Vizquerra said. The company closed a $40.2 million bought deal financing in June and has also sold some of its properties in Ontario and Quebec. It sold its Hemlo properties in Ontario to Canadian Orebodies, now Hemlo Explorers (TSXV: HMLO); a package of 24 Tortigny claims in Quebec to privately held Kenorland Minerals and 627 Tortigny claims to Troilus Gold (TSX: TLG); and its Fancamp and Embry properties to Blue Thun-

GOLD From 9

and all-in sustaining costs (AISCs) of US$822 per ounce. Initial capex of $256 million can be paid back, after-tax, in four years, and, at a long-term gold price of US$1,450 per oz., Marbon should yield an after-tax net present value (NPV) at a 5% discount rate of $423 million and an internal rate of return (IRR) of 25.2%. (At US$1,950 per oz., the NPV rises to $892 million and the IRR to 47.2%.) “It is a standalone project — we don’t need anyone. We can put it into production ourselves,” Vizquerra said. “At US$1,450 per oz. it looks good, and at US$1,900 per oz. it looks great. We have essentially moved a project that was the ugly duckling, and we are starting to see the beginning of a world-class project.” The project’s resource stands at 54.2 million measured and indicated tonnes grading 1.10 grams gold per tonne for 1.91 million oz. gold and 13.2 million inferred tonnes averaging 1.44 grams gold for 610,827 ounces. The August 2020 resource estimate uses a 0.30-gram gold cutoff grade. Vizquerra says the plan is to work on baseline studies for the next six months, followed by environmental impact studies, while simultaneously demonstrating that the resource can grow. In June, the company tripled its drill program in Val d’Or to 150,000 metres, which is scheduled to be completed by December 2021. Vizquerra estimates that one-third of the drilling will go into Marban. The exploration focus will be to expand existing zones along strike and at depth and to explore regional targets. Much of the drilling will focus on the extensions of the Orion 8, Gold Hawk, Malartic H, North Shear and North-North zones located near the Marban deposit. The deposit sits 12 km from the Canadian Malartic gold mine, jointly owned by Yamana Gold (TSX: YRI; NYSE: AUY) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM). “You will see there is a lot of drilling outside of the pit and some of that drilling is showing more than 5 grams gold per tonne, so I believe we can grow the resources in a very profitable way and will show that 2.5 million oz. is only the beginning,” Vizquerra said. The Malartic property is 3 km north of the Cadillac Larder-Lake break and contains the Marbenite, Norbenite and North shears that run west-northwest across the property over more than 10 kilometres. The mineralization is mainly distributed along those shears and consists of

O3’s president and CEO, Jose Vizquerra (right) with his team at the Alpha project in Quebec. O3 MINING

quartz veining with disseminated pyrite hosted in iron-rich basalt and intermediate to felsic dykes within ultramafic flows. The Marbonate shear is related to the Marban deposit, the Gold Hawk zones and the Orion 8 zone, while the Norbenite shear is related to the Norlartic and the Kierens deposits, and the North shear to the North zone. The property also contains the down-plunge extension of the mineralization related to the former Camflo mine. The mine infrastructure crosses the border of the Malartic property around the 2400 level, 800 metres below surface, and it has been mined out to a depth of 1,200 metres inside the property. Camflo produced 1.65 million oz. gold at 5.8 grams gold per tonne from 1965 to 1992. Elsewhere in Quebec, O3 Mining will be drilling its Alpha project, 15 km southeast of Val d’Or. Two-thirds of its 150,000-metre drill program will be focused on Alpha. Highlights from initial stripping at the project released in August included 176 grams gold, 38 grams silver, and 0.1% copper over 0.6 metre at Valdora Zone 4, and 9 grams gold over 1.3 metres at Valdora Zone L17. In addition to its stripping campaign, the company has hired Mira Geoscience to use its artificial intelligence (AI) methodologies that employ 3D cells and machine learning in targeting exercises to generate mineralization probabilities. “We created these three dimensional (3D) cubes of 25 metres by 25 metres by 25 metres — an algorithm — and gave specific characteristics to

the three blocks,” Vizquerra says of the AI and machine-learning work. “We were essentially saying: ‘Tell me where the closest holes are, tell me the

W . N OR TH ER N M I N ER . COM

der Mining (TSXV: BLUE). “I think that’s part of being efficient in management,” Vizquerra said. “The job of a CEO is to allocate capital, and it’s in the best interest of our shareholders that we are focused, so those things not focused on should be sold. We kept a royalty in all the transactions we did, so, if they’re successful, we can always sell a royalty to a royalty company.” As for potential acquisitions over the next 18 months, O3 Mining will only consider them on two conditions: First, if its share price is higher than it is today, and, second, only if the asset is undervalued, Vizquerra said. “This company is focused on fundamental value,” he explained. “I don’t buy a company because it’s $5 million. I buy it if I think it’s worth $2 million and I can buy it for $1 million.” Looking ahead at the prospects for gold, Vizquerra believes the metal can go much higher. “This is just the beginning of the run in gold,” he forecast. “I don’t know if we’ll be talking about US$3,000 per oz. gold, but I don’t see why we can’t be at US$2,500 per ounce.” TNM

VANADIUM From 9

million tonnes of TiO2. Vanadium is highly resistant to corrosion and when added in small amounts to steel and aluminium creates super-light, ultra-high-strength, and resilient alloys. The silvery metal is increasingly being used as a critical component in vanadium flow battery technologies, which use vanadium ions to store energy. The technology promises large-scale energy storage for stationary energy applications, including residential buildings and offices, and could soon power entire cities with the first 800 megawatt-hour vanadium storage battery currently under construction in Dalian, China. Unlike current methods for processing vanadium that use smelting and roasting to process ore from VTM deposits, which have low-yields of vanadium, produce significant waste and greenhouse gas emissions, and only recover vanadium, VanadiumCorp plans to use a technique called the Vanadium Electrochem Process Technology (VEPT), which is more efficient, greener, and costeffective, and also recovers the iron and titanium, the company says. In 2018, VanadiumCorp signed a partnership agreement with Mon-

• •

VanadiumCorp Resources’ President & CEO Adriaan Bakker (middle) with drill crew at the Lac Dore site. VANADIUMCORP RESOURCE

treal-based Electrochem Technologies and Materials, the developer of VEPT, to commercialise the technology. “We’ve been working with Electrochem since 2016, with the aim of developing a technology that can recover the iron and titanium as by-products, the sale of which

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could bring the effective cost of vanadium production potentially down to zero,” Bakker said. Bakker said that reducing the cost and carbon footprint of vanadium production could lead to environmentally-friendly, low-cost energy storage technologies that have the potential to last up to two or three times longer than current lithiumion batteries. Furthermore, when the hardware used in vanadium batteries deteriorates, the vanadium, which makes up about 80% of the battery, can be removed and put in a new battery, he said. The battery’s hardware is also 100% recyclable. “The government in Quebec is very keen to develop a battery industry and is very supportive of any mine-to-battery plans,” Bakker said, noting that it recently unveiled a $1.4 billion plan to support the battery technology sector. The Chibougamau area hosts several other low-grade VTM deposits within the Lac Dore Complex, including privately held BlackRock Metals’ Southwest and Armitage vanadium deposits, which are adjacent to Lac Dore. In 2018, the government provided BlackRock with a $248-million funding package to help develop its vanadium resources. “There is enough vanadium in the Lac Dore Complex to take North America off fossil fuels,” Bakker said. At press time in Toronto, VanadiumCorp was trading at 6¢ per share within a 52-week trading range of 2.5¢ and 7.5¢. The company has 299 million common shares outstanding for an $18-million market capitalization. TNM

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M A R K E T N EWS TORONTO STOCK EXCHANGE / OCTOBER 26 – 30 The S&P/TSX Composite Index fell 4.44% to 15,580.64 during the Oct. 26-Oct. 30 trading week. The S&P/TSX Global Mining Index declined by 2.52% to 92.89, and the S&P/TSX Global Base Metals Index slumped 3.18% to 103.99. Spot gold dropped US$22.70 per oz., or 1.19%, to US$1,878.60 per oz., and the S&P/ TSX Global Gold Index fell by 0.81% to 350.09. Barrick Gold rose 41¢ to $35.62 per share. The company announced that its 80%-owned LouloGounkoto complex in Mali remains on track to meet the upper end of its 2020 guidance, set at 540,000 oz. gold, despite having faced multiple challenges including the Covid-19 pandemic and a recent military coup in the country. According to Barrick CEO Mark Bristow, the strong performance can be attributed to the company’s long-established relationships with partners in Mali. The complex has also paid dividends totalling $160 million so far this year, with Loulo paying its first dividend in the quarter. A third underground mine is also under development at Gounkoto and is on track to deliver its first tonnes in the second quarter of 2021. Teck Resources’ A shares climbed 17¢ to $20.09 while Teck’s B shares fell 68¢ to $17.51. The company’s third-quarter adjusted profit fell by 66% as steelmaking coal prices

collapsed in the period and Covid-19-related restrictions continued to hit the commodities market. Gross profit before depreciation and amortization reached $703 million in the three months ended Sept. 30, compared to $1.22 billion in the same quarter last year. The Vancouver-based miner said that coking coal’s sale price decreased 34.6% to $102 per tonne in the third quarter, while sales stood at 5.1 million tonnes compared with 6.1 million tonnes a year earlier. The cost of coal as it left the mine, excluding depreciation, amortization, and other factors, fell to $67 per tonne in the July-September quarter. Adjusted site cash cost of sales are expected to fall even further over the remainder of 2020, the company said, adding that it anticipated the commodity would end TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

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15.03 35.62 + 15.31 + 10.60 8.57 0.08unch 17.51 7.41 2.70 1.74 -

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the year below $60 per tonne. Denison Mines rose 4¢ to 47¢ per share. The company announced that exploration activities at its 90%-owned Wheeler River uranium project in Saskatchewan’s Athabasca Basin have successfully transitioned from an in-situ recovery (ISR) field program at the high-grade Phoenix deposit to a 12,000-metre exploration drilling program. According to

Denison, the drilling is designed to initially test for extensions to known mineralization at Phoenix and then advance to regional targets for the discovery of satellite uranium deposits potentially amenable to ISR mining. Denison president and chief executive David Cates said that, after raising US$19 million in a public offering, the company remains debt-free and well-funded with over $29 million in cash. TNM TSX GREATEST VALUE CHANGE

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VOLUME (000s)

WEEK LOW CLOSE CHANGE

2835 0.14 0.11 289 0.04 0.04 15 0.84 0.75 387 0.64 0.56 2622 3.26 2.81 5764 12.35 10.77 369 0.06 0.05 2420 0.17 0.14 2203 0.47 0.41 2236 0.44 0.39 487 0.13 0.10 609 0.78 0.62 141 0.27 0.16 1876 0.08 0.06 252 0.30 0.24 1503 1.53 1.17 2603 0.06 0.05 912 0.03 0.03 285 3.60 3.00 220 0.89 0.65

0.14 0.04 0.80 0.64 3.24 12.17 0.06 0.17 0.47 0.44 0.10 0.63 0.24 0.07 0.24 1.23 0.05 0.03 3.00 0.74

+ + + + + + + + + + -

17.4 14.3 12.7 12.3 11.3 10.1 10.0 9.7 9.3 8.6 24.0 21.3 20.0 18.8 18.6 17.4 16.7 16.7 16.2 15.9

Newmont Corp Agnico Eagle Alamos Gold First Quantum Barrick Gold Franco-Nevada Champion Iron Seabridge Gld New Pac Metals Teck Res Wheaton Prec M Ero Copper Torex Gold Endeavour Mng Equinox Gold Suncor Energy Labrador IOR Victoria Gold Pan Am Silver Teranga Gold

NGT AEM AGI FM ABX FNV CIA SEA NUAG TECK.A WPM ERO TXG EDV EQX SU LIF VGCX PAAS TGZ

434 2724 5764 17273 24603 1662 2622 284 746 22 6788 726 1403 1989 3003 36763 461 600 2086 2242

WEEK CLOSE

83.64 105.47 12.17 15.31 35.62 181.59 3.24 25.68 5.97 20.09 61.14 17.45 17.96 32.68 14.23 15.03 24.49 14.63 42.34 13.86

CHANGE

+ + + + + + + + + + -

4.33 1.37 1.12 0.85 0.41 0.37 0.33 0.32 0.31 0.17 2.62 2.25 1.86 1.46 1.46 1.46 1.44 1.40 1.37 1.26

TSX VENTURE EXCHANGE / OCTOBER 26 – 30 The S&P/TSX Venture Composite Index fell 34.35 points, or 4.78%, to 683.78 during the Oct. 26-30 trading week. Spot gold finished at US$1,878.60 per oz., down US$22.70 per oz., or 1.19%. New Found Gold jumped $1.59 to $4.48 per share. The company reported that drilling around last year’s discovery hole in the Keats zone at its Queensway project in Newfoundland returned long intervals of high-grade gold. The company released results of four holes, drilled as part of a 10-metre step-out pattern around discovery hole 19-01, which hit 19 metres of 92.9 grams gold per tonne starting at 96 metres. Highlights included 8 metres of 24.1 grams gold from 92 metres, which was drilled 10 metres to the north and above last year’s discovery intercept. An additional hole, also drilled 10 metres north of 19-01, hit 19 metres of 31.2 grams gold from 90 metres. Drilling north of, and below the discovery hole, returned 41 metres of 22.3 grams gold starting at 83 metres, and 18 metres of 15.8 grams gold from 102 metres. Shares of Tarku Resources rose 63.6% to 18¢. The company signed a final agreement to earn up to a 75% interest over three years in 1,250

hectares of claims in Arizona’s Tombstone mining district. Tarku also closed a non-brokered private placement for proceeds of $2.5 million (25 million units were issued at 10¢ per unit). Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share for 15¢ until October 2022. Mining financier Eric Sprott purchased 10.55 million units of the offering and now owns about 19.9% of the junior’s outstanding common shares on a non-diluted basis and 27.1% on a partially diluted basis. Nouveau Monde Graphite rose 5¢ to 38¢. The company signed an agreement with a leading chemical company that will provide TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Arcturus Vent MILE Leeta Gold HIVE Kenadyr Mining KEN Nexus Gold NXS Castle Peak Mg CAP C3 Metals CCCM Labrador Gold LAB Palladium One PDM Maple Gold MGM Nouveau Monde NOU

15498 13430 9435 7782 7760 6371 5651 5162 4864 4838

0.04 0.52 0.04 0.07 0.01 0.09 0.50 0.22 0.51 0.43

WEEK LOW CLOSE CHANGE

0.02 0.40 0.03 0.05 0.01 0.06 0.32 0.18 0.39 0.32

0.03 0.51 + 0.04 + 0.06 0.01 0.08unch 0.50 + 0.18 0.51 + 0.38 +

0.01 0.07 0.01 0.02 0.01 0.00 0.14 0.03 0.11 0.05

Montreal. The junior is spending $15 million on the project and expects the plant commissioning to take place in 2021. The company has developed a proprietary thermochemical purification technology that it says is very effective at purifying larger particle sizes and will allow it to produce high-purity, carbon-neutral graphite flakes. TNM

commercial operating space, site services and the supply of raw materials for the junior to establish two pilot plants. The space, within Olin’s facilities in Bécancour, Que., will host two commercial-scale pilot plant purification modules that will help Nouveau Monde develop high-purity graphite products using graphite from its Matawinie project, 150 km north of

TSX-V GREATEST VALUE CHANGE

TSX-V GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Tarku Res Canada Coal New Found Gold Arcus Dev Grp Alturas Min Kilo Goldmines Kenadyr Mining Labrador Gold Gossan Res Essex Minerals Norse Gold Rodinia Lithm Chatham Rock ExGen Res Inc Castle Peak Mg DV Resources Pacific Empire Thunderstruck AM Resources Giga Metals

TKU CCK.H NFG ADG ALT KGL KEN LAB GSS ESX VKG.H RM NZP EXG CAP DLV.H PEMC AWE AMR GIGA

1513 319 4695 80 790 552 9435 5651 520 574 579 1549 277 460 7760 15 332 1441 44 3019

0.22 0.07 4.50 0.03 0.02 0.02 0.04 0.50 0.17 0.45 0.17 0.14 0.10 0.02 0.01 0.15 0.11 0.11 0.04 0.77

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.12 0.06 2.80 0.02 0.01 0.01 0.03 0.32 0.10 0.30 0.09 0.08 0.07 0.01 0.01 0.10 0.07 0.08 0.04 0.50

0.18 0.07 4.48 0.03 0.02 0.02 0.04 0.50 0.17 0.43 0.09 0.09 0.07 0.01 0.01 0.10 0.08 0.08 0.04 0.55

+ + + + + + + + + + -

63.6 62.5 55.0 50.0 50.0 50.0 40.0 37.5 37.5 34.4 48.5 37.0 36.4 33.3 33.3 31.0 30.4 30.4 30.0 28.6

New Found Gold Till Capital Solaris Res Labrador Gold Tisdale Res BMEX Gold Vanstar Mng Rs Candelaria Mg Essex Minerals Maple Gold Abitibi Royal Artemis Gold Rupert Res Teuton Res Metalla Rylty Great Bear Res Aurania Res Tudor Gold Cornerstone Ca Tanqueray Expl

NFG TIL SLS LAB TRC BMEX VSR CAND ESX MGM RZZ ARTG RUP TUO MTA GBR ARU TUD CGP IPA

WEEK CLOSE

4695 4.48 0 3.75 345 4.90 5651 0.50 7 0.78 236 0.80 548 1.37 148 0.66 574 0.43 4864 0.51 12 22.33 556 4.90 232 5.12 434 2.34 162 9.86 342 15.98 229 3.88 868 2.83 98 5.77 3151 2.09

CHANGE

+ + + + + + + + + + -

1.59 0.74 0.25 0.14 0.13 0.13 0.12 0.12 0.11 0.11 1.52 0.67 0.57 0.49 0.49 0.45 0.42 0.41 0.38 0.35

U.S. MARKETS / OCTOBER 26 – 30 The Dow Jones Industrial Average slumped 6.47% to finish the week at 26,501.60, and the S&P 500 fell by 5.64% to 3,269.96. Spot gold dropped US$22.70 per oz., or 1.19%, to US$1,878.60 per oz. from the previous week. Shares of Vale fell US74¢ to US$10.57 per share. The company reported that its thirdquarter net profit nearly doubled compared with the same period a year ago. Net profit for the three months ended Sept. 30 climbed to US$2.9 billion, up from US$1.6 billion a year earlier, though it still fell well short of a Refinitiv forecast of US$3.6 billion. Vale said its third-quarter results were driven by a 26% increase in prices for iron ore and a 20% increase in sales volumes. The company posted adjusted earnings before interest, taxes, depreciation, and amortization in the quarter of US$6.1 billion, up from US$4.6 billion in the year-earlier period, in line with estimates. Newmont rose $2.37 to US$62.84 per share. The company delivered record third-quarter adjusted earnings before interest, taxes, depreciation, and amortization of US$1.7 billion and free cash flow of US$1.3 billion. It also raised its dividend by 60% to US40¢ per share, its second increase in 2020, and says its annual-

ized dividend of US$1.60 per share is now the highest in the gold sector. The company produced 1.5 million attributable oz. gold at all-in sustaining costs of US$1,020 per oz., and 273,000 oz. gold-equivalent from coproducts. Third-quarter revenue increased by 17% year-on-year to US$3.2 billion, primarily due to higher average realized gold prices, and adjusted net income came in at US$697 million, or US86¢ per diluted share, up from US$292 million, or US36¢, in the third quarter of 2019. Shares of Southern Copper rose by US39¢, finishing the trading week at US$52.34 per share. The company received permission from the U.S. MOST ACTIVE ISSUES VOLUME (000s)

HIGH

Vale* VALE 137842 11.30 Freeport McMoR* FCX98794 1.02 Yamana Gold* AUY 82177 5.88 Barrick Gold* GOLD 73263 27.18 Kinross Gold* KGC 70973 8.76 United States S* X 69448 10.31 Chevron Corp* CVX 68572 71.89 Cleveland-Clif* CLF 46997 8.80 Suncor Energy* SU 43848 12.50 Hecla Mining* HL 43338 5.18

WEEK LOW CLOSE CHANGE

10.39 10.57 - 0.74 18.04 16.6817.34 5.22 5.56 25.56 26.73 7.71 7.97 9.20 9.66 65.16 69.50 7.82 8.28 10.67 11.29 4.32 4.58

0.24 0.08 0.64 0.29 3.07 0.39 1.24 0.57

Peruvian government to resume construction at its US$1.4 billion Tia Maria project, in the southern Islay province of the Arequipa region. The world’s fifth-largest copper producer by output, Southern Copper had to cancel work in August after authorities suspended its construction licence to evaluate objections from residents and regional authorities related to where the

plant would be built. The company, a subsidiary of Grupo Mexico, has experienced several setbacks since it first announced its intention to develop Tia Maria in 2010, but now has all the necessary permits to initiate construction, the company said. Once completed, the mine is expected to produce 120,000 tonnes copper a year over an estimated 20-year mine life. TNM U.S. GREATEST VALUE CHANGE

U.S. GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Alamos Gold* Nexa Resources* Newmont Corp* Natural Res Pt* MartinMarietta* Southern Copp* Agnico Eagle* Barrick Gold* Seabridge Gld* Franco-Nevada* CONSOL Energy* Arch Resources* Peabody Enrgy* CONSOL Energy* CONSOL Coal Rs* HudBay Min* Hecla Mining* Trecora Res* Endeavr Silver* McEwen Mng*

AGI NEXA NEM NRP MLM SCCO AEM GOLD SA FNV CEIX ARCH BTU CNX CCR HBM HL TREC EXK MUX

23123 9.30 335 6.66 34245 62.97 52 12.98 3030 269.78 5520 52.98 5102 80.79 73263 27.18 1467 19.75 3767 139.29 1871 4.90 7364 37.49 10198 1.60 27519 11.36 351 3.58 4255 5.07 43338 5.18 243 6.56 11807 3.57 17196 1.09

VOLUME (000s)

WEEK LOW CLOSE CHANGE

8.09 9.15 5.39 6.05 58.29 62.84 11.99 12.25 243.75 266.35 49.90 52.34 75.90 79.29 25.56 26.73 18.32 19.26 131.78 136.55 3.73 3.79 28.24 30.55 1.17 1.29 9.19 9.70 2.80 2.86 4.33 4.53 4.32 4.58 5.79 5.92 2.99 3.18 0.93 0.97

+ + + + + + + -

8.9 4.3 3.9 1.8 1.5 0.8 0.1 0.3 0.4 1.0 19.0 18.2 17.8 14.9 14.9 11.4 11.1 11.0 10.2 10.1

MartinMarietta* MLM Newmont Corp* NEM Alamos Gold* AGI Southern Copp* SCCO Nexa Resources* NEXA Natural Res Pt* NRP Agnico Eagle* AEM Seabridge Gld* SA Barrick Gold* GOLD McEwen Mng* MUX Arch Resources* ARCH Chevron Corp* CVX Rio Tinto* RIO Black Hills* BKH Wheaton Prec M* WPM AngloGold Ash* AU NACCO Ind* NC CONSOL Energy* CNX Franco-Nevada* FNV Suncor Energy* SU

3030 34245 23123 5520 335 52 5102 1467 73263 17196 7364 68572 13647 2788 12305 11757 57 27519 3767 43848

WEEK CLOSE

266.35 62.84 9.15 52.34 6.05 12.25 79.29 19.26 26.73 0.97 30.55 69.50 56.77 56.66 46.11 23.14 19.49 9.70 136.55 11.29

CHANGE

+ + + + + + + -

3.94 2.37 0.75 0.39 0.25 0.22 0.05 0.08 0.08 0.11 6.79 3.07 2.83 2.77 2.46 2.03 1.79 1.70 1.44 1.24

G LOBAL M I N I N G

N EW S

THE NORTHERN MINER / NOVEMBER 9—22, 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 PRODUCER AND DEALER PRICES

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct 29 2020 (change from Oct 22, 2020 in brackets): Aluminium Alloy 5560 (-220) Aluminium 1462750 (-19200) Copper 172625 (-8000) Lead 127350 (-1500) Nickel 239310 (+1950) Tin 4575 (-410) Zinc 219925 (+350)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$59.50 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.75 Cobalt: US$14.74/lb. Copper: US$3.04/lb. Copper: CME Group Futures December 2020: US$3.07/lb.; January 2021: US$3.07/lb Iridium: NY Dealer Mid-mkt US$1,645.00/tr oz. Iron Ore 62% Fe CFR China-S: US$118.00 Lead: US$0.80/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$13,400.00 tr. oz. Ruthenium: Mid-mkt US$270.00/tr. oz. Silver: Handy & Harman Base: US$23.55 per oz.; Handy & Harman Fabricated: US$29.44 per oz. Tin: US$8.01/lb. Uranium: U3O8, Trade Tech spot price: US$29.70 per lb. U308 Zinc: US$1.15/lb. Prices current Nov. 2, 2020

TSX SHORT POSITIONS

Short positions outstanding as of Oct 15, 2020 (with changes from Sep 30, 2020) Largest short positions AbraPlata Res ABRA 6025989 1942693 9/30/2020 Novo Res NVO 5625883 299329 9/30/2020 Mako Mining MKO 5571835 66825 9/30/2020 Dolly Vard Sil DV 3531715 -923413 9/30/2020 Oceanus Res SLVR 2959061 1346920 9/30/2020 Discovery Met DSV 2910951 -1544271 9/30/2020 GR Silver GRSL 2775331 1029808 9/30/2020 Palladium One PDM 2240185 2167763 9/30/2020 Monarca Mnrls MMN 2106938 881774 9/30/2020 IMPACT Silver IPT 2041974 -121027 9/30/2020 Sun Metals SUNM 1900451 1611609 9/30/2020 Lion One Mtls LIO 1884039 -417932 9/30/2020 Klondike Silv KS 1799030 1657084 9/30/2020 Southern Silvr SSV 1657880 1026654 9/30/2020 Surge Copper SURG 1652139 1624392 9/30/2020 Largest increase in short position Palladium One PDM 2240185 2167763 9/30/2020 AbraPlata Res ABRA 6025989 1942693 9/30/2020 Klondike Silv KS 1799030 1657084 9/30/2020 Surge Copper SURG 1652139 1624392 9/30/2020 Sun Metals SUNM 1900451 1611609 9/30/2020 Largest decrease in short position Contact Gold C 359093 -9253525 9/30/2020 Manganese X MN 111254 -2210926 9/30/2020 Discovery Met DSV 2910951 -1544271 9/30/2020 EnCore Energy EU 61100 -1484182 9/30/2020 Noram Vent NRM 113582 -1283799 9/30/2020

DAILY METAL PRICES Daily Metal Prices Date Oct 30 Oct 29 Oct 28 Oct 27 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1510/1530 1501/1521 1550/1570 1540/1570 Aluminum 1820.50/1823.50 1786/1795.50 1801/1815 1808/1823 Copper 6694.50/6706 6692/6708 6694.50/6713.50 6787.50/6807.50 Lead 1790/1804 1801/1813.50 1764.50/1781 1780.50/1797 Nickel 15256/15289 15393/15435 15819/15849 15602/15644 Tin 17650/17640 17707/17700 18000/17961 18240/18153 Zinc 2424.50/2536.50 2503/2516 2522.50/2534 2538.50/2552.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1875.80 1876.85 1896.85 Gold PM 1881.85 1870.30 1869.95 Silver 23.63 23.02 23.93 Platinum 852.00 860.00 862.00 Palladium 2228.00 2206.00 2225.00

Oct 29 1.3315 0.7510

Oct 28 1.3311 0.7513

Oct 27 1.3190 0.7582

Exchange rates (Quote Media, October 30, 2020) C$ to AUS C$ to EURO C$ to YEN 1.0683 0.6424 78.5400 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5793 5.0134 55.8569 US to AUS US to EURO US to YEN 1.4227 0.8565 104.6550 US to UK Pound US to China Yuan US to India Rupee 0.7723 6.6912 74.5478

1520/1540 1822.50/1837.50 6806/6824.50 1750/1766 15397/15418 17880/17850 2512.50/2526.50

1898.90 1905.70 24.44 880.00 2351.00

1901.60 1898.45 24.28 878.00 2364.00

Oct 26 1.3208 0.7571

C$ to Mex Peso 15.9045 C$ to Swiss Franc 0.6887 US to Mex Peso 21.1864 US to Swiss Franc 0.9180

C$ to SA Rand 12.1965 C$ to S. Korea Won 853.0591 US to SA Rand 16.2491 US to S. Korea Won 1136.6600

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

Oct 30 15580.64 683.78 928.90 350.01 294.14

Oct 29 15670.70 687.14 934.83 343.02 294.14

Oct 28 15586.57 677.93 930.90 337.48 289.75

Oct 27 16020.94 708.10 954.81 355.38 308.56

Oct 26 16079.55 701.28 959.91 350.50 303.40

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. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 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. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share.

share. Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 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

High 17970.51 761.84 1070.48 416.84 359.81

Low 11172.73 330.65 683.81 173.42 140.55

NEW 52-WEEK HIGHS AND LOWS OCT. 26-OCT. 30, 2020 68 New Highs Argentina Lith* Asante Gold Aton Resources Auxico Res Aya Gold* Baselode Egy* Batero Gold* Bearclaw Cap C3 Metals Canada Coal Candelaria Mg Capstone Mng Cerro Mng Champion Iron Chilean Metals CNRP Mng Critical Elem

Re-Publishing License

Critical Elem* Desert Mtn Egy Ditem Explor* E79 Res East Africa East Africa * Edgemont Gold Explorex Res Explorex Res* First Quantum Gambier Gold Gambier Gold* Generic Gold* Gowest Gold* Gungnir Res* Guyana Goldstr* Harfang Explor* Highway 50 Gld

FundName Oct 30 ($) BMO Prec Mtls Fd A 29.76 BMO ZGD 81.74 BMO ZJG 80.00 CIBC Prec Metal Fd A 16.97 Dyn Prec Metls Fd A 13.74 Harvest HGGG 34.53 Horizons HEP 35.89 IG MacGbPreMetCl A 16.39 iShares XGD 21.85 Mac Prec Met Cl A 79.25 NBI PrecMetFd Invt 22.94 Ninepoint GLDE Ninepoint GLDE.U Ninepoint SLVE Ninepoint SLVE.U NPT Go&PrMinFd A 59.30 NPT SilverEquCl A 9.79 RBC GblPreMetFd A 64.80 RBC GblPreMetFd Adv 65.26 Sentry Pre Met Fd A 56.78 TD Prec Mtl Fd Inv 57.06

LEGEND

moliveira@ northernminer.com or 416-510-6768

Southern Copp* Stakeholdr Gld Tarku Res Tartisan Nick* Temas Res Temas Res* Till Capital Tisdale Res TomaGold Turquoise HIl Turquoise HIl* Universal Cop* VVC Expl VVC Expl* Western Gold

36 New Lows Pucara Gold*

Arcturus Vent Arizona Metals* Baselode Egy* CellCube Enrgy* Core Assets Currie Rose Rs* Excellon Res* Green River* Inflection Res Le Mare Gold* Lida Resources* Lovitt Res Macarthur Min* Makara Mining* Nevada Copper Newcrest Mg Peabody Enrgy* Pucara Gold

Quadro Res* Ridgeline Min Saint Jean Sassy Res* Silver Dollar* Silver Spruce Soldera Mining Southern Emp Standard Uran* Straightup Res Superior Mng Talisker Res Tarachi Gold* Titan Mining* Ucore Rare Mtl* Vertical Expl* Xander Res*

Oct 23 ($) 30.40 84.96 82.76 17.18 14.34 35.34 36.97 16.89 22.03 81.71 23.17

Change ($) -0.64 -3.22 -2.76 -0.21 -0.61 -0.80 -0.90 -0.50 -0.18 -2.46 -0.23

Change (%) -2.09 -3.79 -3.33 -1.22 -4.24 -2.27 -2.42 -2.97 -0.82 -3.01 -0.99

YTDChange (%) 36.71 34.11 31.45 40.74 53.26 48.55 29.66 48.00 39.85 49.62 40.71

MER (%) 2.41 0.61 0.60 2.43 2.73 0.94 0.83 2.66 0.61 2.52 2.46

62.37 10.33 66.29 66.75 59.05 57.99

-3.07 -0.54 -1.48 -1.49 -2.28 -0.93

-4.92 -5.22 -2.24 -2.24 -3.85 -1.60

54.99 54.53 47.40 47.38 56.18 38.05

3.19 2.98 2.10 2.09 2.32 2.27

TotalAssets (M$) 66.49 236.02 119.84 74.63 693.69 9.17 43.76 85.56 41.93

568.59 3.20 410.84 178.67

A – Australian Securities Exchange

Contact:

Jubilee Metals* Kanadario Gold Mammoth Res Maple Gold Maple Gold* Navis Res Corp* Nevada Canyon* Nevada Energy Nevada Energy* New Found Gold Nexco Res Nouveau Monde* Optimum Vent Peloton Mnrls* QC Copper Quadro Res* Sentinel Res Sentinel Res*

CANADIAN GOLD MUTUAL FUNDS

GLOBAL MINING NEWS · SINCE 1915

Own your moment in the press with a Re-Publishing License for any article printed in The Northern Miner or posted on our website. Basic Re-Publishing License cost: $525

Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. 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 $0.60 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

Oct 26

EXCHANGE RATES Oct 30 1.3321 0.7507

sh @ $36.5 to Feb 18/22 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 SHORT POSITIONS

Short positions outstanding as of Oct 15, 2020 (with changes from Sep 30, 2020) Largest short positions Suncor Energy SU 19297262 -788147 9/30/2020 Barrick Gold ABX 18673938 308343 9/30/2020 New Gold NGD 16409943 1591340 9/30/2020 OceanaGold OGC 13876274 10975556 9/30/2020 Nexgen Energy NXE 13004788 232851 9/30/2020 Yamana Gold YRI 12804987 2167816 9/30/2020 Lundin Mng LUN 10837417 4513822 9/30/2020 Denison Mines DML 10592662 1964757 9/30/2020 Premier Gold M PG 10252386 206755 9/30/2020 Wheaton Prec M WPM 9821408 294343 9/30/2020 Fortuna Silvr FVI 9577428 106473 9/30/2020 Teck Res TECK.B 8978154 -332940 9/30/2020 Ivanhoe Mines IVN 8944421 -270662 9/30/2020 First Quantum FM 8768104 -1437578 9/30/2020 Kinross Gold K 8632876 -3981642 9/30/2020 Largest increase in short position OceanaGold OGC 13876274 10975556 9/30/2020 Lundin Mng LUN 10837417 4513822 9/30/2020 Yamana Gold YRI 12804987 2167816 9/30/2020 Denison Mines DML 10592662 1964757 9/30/2020 New Gold NGD 16409943 1591340 9/30/2020 Largest decrease in short position Kinross Gold K 8632876 -3981642 9/30/2020 Wallbridge Mng WM 4889878 -2924515 9/30/2020 Freegold Vent FVL 2610767 -2754619 9/30/2020 Trevali Mng TV 4587377 -1471768 9/30/2020 First Quantum FM 8768104 -1437578 9/30/2020

Date US$ in C$ C$ in US$

TSX WARRANTS Warrant to purchase one common share of the Issuer at $0.50 until expiry. 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 Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry 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

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. Karora Resources Inc. (KRR.WT) - One

C – Canadian Stock Exchange

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.

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.$

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

N OV EM BER 9 â&#x20AC;&#x201C; 2 2 , 2 0 2 0

/ TH E N OR TH ER N

M I N ER

(100s) Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1911 Gold* 1911 Gold 79 Resources 79North Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraPlata Res* AbraPlata Res Academy Metals* Academy Metals Adamera Min* Adamera Min Adex Mining Advance Gold Adventus* Adventus AEX Gold Affinity Metal* African Gold African Gold* African Min* African Rainb* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd* Aguila Amer Gd AJN Resources Alamos Gold Alamos Gold* Alaska Pac Egy* Alcoa* Aldebaran Res Aldebaran Res* Alderon Iron* Aldever Res Aldever Res* Alexandra Cap* Alexco Res Alexco Res* Alianza Min* Alianza Min Alien Metals* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining* Aloro Mining Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls * Altius Mnrls Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources* ALX Resources AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American Lith* American Lith American Mang* American Mang American Pac AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Amex Expl* Amex Expl Amilot Capital Amseco Expl Anaconda Mng Anaconda Mng* Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antofagasta* Apex Res * Apex Res Apollo Gold Apollo Gold* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Arctic Star* Arctic Star Arcturus Vent Arcturus Vent* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Ares Strategic* Argentina Lith* Argentina Lith Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Arizona Metals* Arizona Metals Arizona Silver Arizona Silver* Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Asbestos Corp

O V C C O V V O O V O V O V O V O V V V O V V O V O O O O N T O O V C T N O N V O O V O O T X O V O V O V D X T O V O T O V V O O V V O V O V V V O O T V O O V V O O O V V O V O V O O O V O O V O V C O X T T O O V V V T O O O O V O V O V O O T O N O V O V O V O O V V O O C O O T V N O V V O V V O O V V O O V V C O O T V O O V V O V O V O C V

408 396 211 60 478 329 1846 341 837 2990 3 12 1936 4236 11 72 213 1454 221 203 19 256 590 1 837 224 25 1 1839 5102 2724 18 32 46 3 5764 23123 51245 21378 52 51 10 50 1 627 1243 5669 201 628 104 512 513 9 3697 5249 634 325 330 27 146 3 61 582 1925 134 717 682 21 1713 76 37 235 396 1 108 287 710 1 4727 790 77 8 86 342 1273 44 281 10 2 2575 237 55 596 2614 492 1955 1235 577 475 678 49 3625 2312 220 132 64 318 10 27 658 249 1209 38 17 246 130 465 431 1605 5 1771 27 0 11757 72 102 18 59 5 147 15 0 27 403 70 384 342 2521 273 453 71 7364 2 598 15498 657 80 238 23 3 830 1170 1196 44 187 235 187 67 838 5715 401 487 9 170 67 57 0 279 556 0 186 0

0.46 0.37 0.41 0.58 0.50 0.55 unch 0.14 0.11 0.14 + 0.00 0.00 0.12 unch 0.12 0.08 0.10 0.15 0.12 0.14 0.21 0.18 0.20 0.16 0.13 0.15 0.06 0.04 0.05 0.08 0.06 0.06 17.78 0.00 16.81 24.50 21.95 22.33 0.27 0.21 0.21 0.35 0.28 0.29 0.08 0.06 0.06 0.10 0.00 0.09 unch 0.07 0.07 0.07 0.10 0.09 0.09 0.01 0.00 0.01 unch 0.13 0.11 0.11 0.72 0.64 0.72 0.98 0.85 0.97 + 0.80 0.55 0.73 0.21 0.20 0.20 0.20 0.18 0.20 unch 0.16 0.12 0.15 0.00 0.00 0.00 unch 14.75 14.75 14.75 unch 0.64 0.51 0.55 80.79 75.90 79.29 + 106.33 101.01 105.47 + 0.00 0.00 0.00 unch 0.31 0.30 0.31 unch 0.40 0.31 0.31 0.25 0.24 0.25 + 12.35 10.77 12.17 + 9.30 8.09 9.15 + 0.00 0.00 0.00 unch 13.37 12.15 12.92 0.36 0.33 0.34 0.27 0.24 0.26 0.03 0.01 0.01 0.15 0.15 0.15 unch 0.00 0.00 0.10 unch 0.18 0.14 0.15 3.50 3.16 3.31 2.66 2.36 2.49 0.09 0.07 0.08 0.12 0.09 0.11 0.03 0.02 0.02 0.34 0.29 0.31 0.26 0.21 0.24 0.36 0.00 0.36 + 3.49 3.06 3.22 + 1.02 0.86 0.99 + 1.35 1.13 1.26 + 0.25 0.20 0.25 + 0.32 0.26 0.31 + 0.54 0.47 0.47 0.70 0.63 0.63 0.06 0.05 0.05 0.08 0.06 0.07 0.64 0.58 0.58 0.49 0.43 0.44 0.16 0.00 0.16 + 0.21 0.18 0.21 unch 0.09 0.07 0.08 unch 0.06 0.06 0.06 unch 0.20 0.16 0.18 0.15 0.12 0.13 0.02 0.02 0.02 unch 0.11 0.00 0.10 0.25 0.21 0.23 + 0.19 0.19 0.19 unch 8.69 7.91 7.93 11.46 10.54 10.58 0.11 0.10 0.11 + 0.09 0.09 0.09 unch 0.05 0.00 0.01 0.02 0.01 0.02 + 0.97 0.00 0.97 + 0.73 0.00 0.73 + 4.14 3.91 3.99 0.05 0.03 0.04 0.07 0.05 0.05 0.04 0.04 0.04 0.00 0.00 0.00 0.07 0.07 0.07 unch 0.05 0.05 0.05 unch 0.36 0.32 0.32 0.27 0.24 0.24 0.01 0.01 0.01 unch 0.27 0.19 0.20 0.35 0.26 0.27 0.04 0.03 0.04 0.98 0.77 0.81 1.24 1.04 1.07 0.19 0.14 0.16 0.22 0.19 0.21 0.21 0.18 0.21 + 0.03 0.02 0.03 + 2.74 2.41 2.54 3.60 3.23 3.43 0.56 0.50 0.52 0.41 0.37 0.39 2.28 1.90 2.02 3.00 2.51 2.68 0.04 0.00 0.04 unch 0.05 0.00 0.04 unch 0.61 0.53 0.55 0.46 0.40 0.41 0.01 0.01 0.01 0.00 0.00 0.00 unch 0.04 0.03 0.03 0.05 0.05 0.05 0.02 0.02 0.02 unch 0.03 0.03 0.03 0.04 0.04 0.04 0.06 0.05 0.06 25.50 0.00 25.47 12.91 11.52 11.92 1.97 1.82 1.82 25.25 0.00 25.25 unch 25.04 22.50 23.14 0.61 0.52 0.59 0.83 0.68 0.83 + 0.04 0.03 0.04 0.06 0.06 0.06 unch 0.20 0.20 0.20 + 0.26 0.23 0.26 + 13.18 0.00 13.04 0.00 0.00 0.08 unch 0.14 0.13 0.13 0.78 0.66 0.66 0.55 0.55 0.55 unch 0.32 0.26 0.26 0.42 0.34 0.35 0.01 0.01 0.01 + 0.11 0.09 0.10 + 0.13 0.12 0.13 + 1.85 1.79 1.84 + 37.49 28.24 30.55 0.03 0.02 0.03 + 0.04 0.03 0.04 0.04 0.02 0.03 0.03 0.02 0.03 0.03 0.02 0.03 + 0.10 0.09 0.10 unch 0.08 0.07 0.07 0.01 0.01 0.01 + 0.03 0.02 0.02 0.30 0.26 0.26 0.23 0.19 0.21 0.10 0.07 0.07 0.12 0.10 0.10 0.22 0.20 0.22 0.17 0.14 0.14 unch 0.12 0.10 0.10 2.01 1.79 1.85 2.66 2.40 2.48 0.15 0.14 0.14 0.11 0.11 0.11 0.47 0.00 0.47 + 0.61 0.58 0.58 0.30 0.26 0.30 + 0.23 0.20 0.21 0.00 0.00 0.63 unch 4.25 3.68 3.69 5.60 4.90 4.90 0.00 0.00 0.07 unch 0.14 0.12 0.12 0.00 0.00 0.80 unch

W . N OR TH ER N M I N ER . COM

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: OCTOBER 26â&#x20AC;&#x201C;30, 2020

Stock

0.01 1.22 0.15 0.00 0.98 0.22 0.03 0.15 0.10 0.00 0.25 0.10 0.01 0.21 0.03 0.02 0.29 0.05 0.02 0.24 0.04 0.00 0.18 0.03 0.01 0.12 0.03 0.02 0.16 0.05 2.04 19.90 7.68 1.52 26.50 11.10 0.06 0.36 0.03 0.06 0.48 0.04 0.00 0.14 0.06 0.00 0.22 0.09 0.00 0.12 0.01 0.01 0.16 0.02 0.00 0.01 0.01 0.02 0.29 0.03 0.00 1.18 0.36 0.01 1.60 0.52 0.07 1.20 0.33 0.02 0.37 0.06 0.00 0.46 0.10 0.00 0.34 0.07 0.00 0.01 0.00 0.00 14.75 5.00 0.11 0.83 0.06 0.05 89.23 31.00 1.37 117.35 43.25 0.00 0.00 0.00 0.00 0.34 0.12 0.10 0.50 0.12 0.01 1.34 0.17 1.12 15.52 4.43 0.75 11.58 3.34 0.00 0.00 0.00 0.55 23.47 5.16 0.02 0.74 0.16 0.01 0.52 0.17 0.01 0.17 0.00 0.00 0.22 0.05 0.00 0.16 0.01 0.02 0.54 0.06 0.19 4.65 1.00 0.16 3.50 0.72 0.01 0.16 0.03 0.01 0.21 0.03 0.01 0.04 0.00 0.04 0.71 0.07 0.03 0.56 0.05 0.05 0.63 0.13 0.10 0.05 1.09 0.21 0.05 1.43 0.31 0.01 0.29 0.05 0.03 0.36 0.12 0.06 0.61 0.24 0.05 0.81 0.28 0.01 0.19 0.01 0.01 0.12 0.03 0.05 1.45 0.27 0.03 1.13 0.22 0.01 0.24 0.09 0.00 0.30 0.12 0.00 0.14 0.03 0.00 0.11 0.02 0.01 0.26 0.04 0.02 0.19 0.02 0.00 0.05 0.01 0.01 0.13 0.03 0.01 0.25 0.02 0.00 0.19 0.05 0.54 9.38 4.33 0.52 12.32 6.29 0.01 0.24 0.08 0.00 0.18 0.04 0.05 0.12 0.01 0.01 0.02 0.01 0.02 1.36 0.34 0.00 21.22 0.35 0.20 6.75 3.09 0.01 0.07 0.01 0.02 0.10 0.02 0.02 0.09 0.03 0.00 0.05 0.00 0.00 0.08 0.02 0.00 0.07 0.02 0.04 0.42 0.10 0.04 0.31 0.08 0.00 0.02 0.00 0.05 0.38 0.02 0.07 0.50 0.04 0.00 0.13 2.19 0.06 0.17 2.98 0.09 0.02 0.21 0.07 0.01 0.28 0.10 0.01 0.62 0.06 0.00 0.05 0.01 0.22 3.90 1.00 0.22 5.12 1.39 0.02 0.77 0.12 0.02 0.59 0.08 0.28 2.98 0.64 0.32 3.98 0.86 0.00 0.06 0.01 0.00 0.08 0.02 0.05 0.78 0.10 0.06 0.59 0.07 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.12 0.03 0.01 0.16 0.04 0.00 0.05 0.00 0.01 0.07 0.01 0.00 0.09 0.02 0.01 0.11 0.01 0.57 29.51 12.56 1.07 14.81 5.91 0.15 3.98 1.82 0.00 38.94 15.44 2.03 38.50 12.66 0.05 1.16 0.53 0.02 1.51 0.14 0.07 0.01 0.01 0.00 0.09 0.02 0.00 0.38 0.01 0.01 0.49 0.02 0.54 15.00 7.30 0.00 0.31 0.04 0.01 0.43 0.04 0.10 1.68 0.04 0.00 0.91 0.39 0.05 0.43 0.07 0.06 0.57 0.10 0.00 0.03 0.00 0.00 0.15 0.05 0.01 0.22 0.07 0.04 1.91 0.03 6.79 81.61 21.80 0.00 0.09 0.01 0.01 0.12 0.02 0.01 0.86 0.02 0.01 0.65 0.00 0.01 0.04 0.01 0.21 0.04 0.00 0.00 0.00 0.04 0.01 0.01 0.06 0.02 0.03 0.33 0.07 0.02 0.26 0.01 0.01 0.10 0.02 0.01 0.13 0.04 0.01 0.35 0.14 0.00 0.35 0.04 0.02 0.24 0.06 0.11 2.63 0.53 0.09 3.42 0.76 0.01 0.38 0.14 0.00 0.29 0.11 0.00 0.73 0.47 0.03 1.04 0.20 0.01 0.40 0.10 0.01 0.31 0.08 0.00 0.97 0.31 0.59 5.63 0.60 0.67 7.64 0.95 0.00 0.09 0.02 0.01 0.14 0.02 0.00 0.99 0.30

(100s) Stock

Exc Volume

Week Low

0.07 0.07 unch 0.09 0.09 1.04 1.07 0.79 0.79 0.03 0.03 0.00 0.03 unch 0.19 0.22 0.03 0.03 0.04 0.04 0.14 0.14 0.19 0.19 0.01 0.01 2.85 2.90 0.08 0.11 + 0.13 0.14 + 0.04 0.07 + 0.29 0.32 0.39 0.40 0.01 0.01 + 0.00 0.03 unch 0.00 0.38 + 0.23 0.23 unch 0.00 9.65 11.95 13.49 2.69 2.90 3.58 3.88 0.77 0.78 0.58 0.59 0.05 0.06 + 0.04 0.04 unch 0.07 0.08 0.06 0.06 0.88 0.92 1.19 1.23 0.04 0.05 + 0.04 0.06 + 0.00 0.23 0.01 0.01 unch 0.08 0.08 unch 0.00 0.17 + 0.00 0.20 0.28 0.34 0.22 0.25 unch 0.17 0.17 0.05 0.05 0.07 0.08 unch 0.03 0.03 0.18 0.18 0.22 0.24 + 0.88 0.91 1.16 1.20 0.04 0.04 unch 0.00 0.03 unch 0.12 0.14 + 0.08 0.09 + 0.07 0.07 unch 2.25 2.25 0.00 0.04 0.00 0.06 unch 0.16 0.19 unch 0.12 0.14 1.00 1.01 0.75 0.75 + 0.02 0.02 0.02 0.02 0.30 0.32 0.23 0.24 0.00 0.00 unch 0.16 0.16 0.11 0.12 -

Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko Ashanti Sanko* AsiaBaseMetals Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Atlantic Indus Aton Resources Aton Resources* Aura Minerals* Aura Minerals Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res AURYN Mining* Aust Mines* Austin Res Austral Gold* Austral Gold AUX Resources AUX Resources* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc Axmin Inc* Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

O T T O V O V O V O V O T O V O O V O V V O O T O V V O V O V O O V V C O O V O V V O C O T O O V X T V O V V O O O V T O V O O V V O O V O

75 295 383 370 646 0 8 206 1494 481 1199 3660 13 59 918 117 180 432 10 50 41 10 4 22 90 229 1974 1540 256 16 923 68 190 125 240 261 89 523 60 4 19 77 37 361 306 622 63 53 743 3331 285 25 0 1484 139 16 10 1 118 762 381 289 203 65 196 585 410 400 165 84

0.07 0.10 1.15 0.88 0.04 0.00 0.22 0.04 0.05 0.19 0.25 0.01 3.26 0.11 0.16 0.07 0.32 0.43 0.02 0.03 0.38 0.23 10.13 14.20 3.34 4.26 0.92 0.73 0.06 0.04 0.09 0.07 1.00 1.30 0.05 0.06 0.28 0.01 0.08 0.32 0.24 0.37 0.27 0.23 0.06 0.08 0.05 0.19 0.27 1.00 1.33 0.04 0.00 0.15 0.09 0.07 2.47 0.04 0.07 0.19 0.15 1.16 0.90 0.02 0.03 0.39 0.30 0.00 0.17 0.14

B2Gold Corp B2Gold Corp* Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barksdale Res* Barksdale Res Baroyeca Gold Baroyeca Gold* Barrick Gold* Barrick Gold Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Battle North* Battle North Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith* Bearing Lith Beauce Gold Bell Copper Bell Copper* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benton Res Benton Res* Benz Mining Benz Mining* Bessor Min Big Dougie Bird River Res Bitterroot Res* Bitterroot Res Black Dragon* Black Hills* Black Iron* Black Iron Black Mammoth Black Tusk Res* Black Tusk Res Blackheath Res Blackrock Gold Blackrock Gold* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon Zinc* Blue Moon Zinc Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold* Blue Star Gold Blue Thunder BlueBird Batt BlueBird Batt* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* Bold Ventures Bonanza Gold* Bond Resources BonTerra Res Boreal Metals Boreal Metals * Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold* Bravada Gold Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals Brixton Metals*

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

16624 28397 108 336 2 2070 1302 609 30 437 9 11 73263 24603 35 278 1581 412 175 481 248 47 757 2384 620 1600 0 37 670 200 169 40 82 642 235 8 237 870 2225 27 598 171 2571 236 189 398 166 91 20 685 7 435 9 2788 61 986 7 251 2574 90 1214 920 80 1358 331 495 29 662 255 395 125 322 74 336 23 854 9 636 219 236 3 66 2606 81 750 270 30 7588 12 216 493 668 52 468 113 17831 612 1892 319 284 2628 841

8.99 6.83 0.10 0.64 0.52 0.03 0.32 0.27 0.43 0.56 0.25 0.17 27.18 35.83 0.41 0.55 0.16 0.13 0.95 0.44 0.13 0.10 1.54 2.04 0.10 0.13 0.00 0.08 3.25 2.44 0.05 0.15 0.19 0.15 0.25 0.19 0.07 1.33 1.01 0.37 0.46 0.78 1.06 0.18 0.15 0.78 0.59 0.08 0.09 0.01 0.06 0.07 0.07 59.54 0.09 0.12 0.07 0.05 0.07 0.18 0.83 0.65 0.12 0.00 0.95 0.73 0.04 0.05 0.02 0.01 0.09 0.12 0.07 0.10 0.11 0.26 0.22 1.98 1.54 0.81 0.39 0.05 0.00 0.20 1.02 0.10 0.17 0.00 0.03 0.04 0.11 0.15 0.08 0.10 0.19 0.00 0.25 0.33 0.02 0.01 0.38 0.28

Last

12-month

High

Change

High Low

0.00 0.01 0.08 0.07 0.01 0.00 0.03 0.00 0.01 0.05 0.06 0.00 0.31 0.02 0.02 0.01 0.01 0.04 0.00 0.00 0.03 0.00 0.33 0.65 0.36 0.42 0.12 0.10 0.01 0.00 0.01 0.01 0.06 0.06 0.01 0.02 0.06 0.00 0.00 0.02 0.03 0.01 0.00 0.02 0.00 0.00 0.02 0.02 0.01 0.10 0.10 0.00 0.00 0.02 0.01 0.00 0.17 0.00 0.00 0.00 0.01 0.10 0.10 0.00 0.01 0.08 0.07 0.00 0.01 0.01

0.30 0.41 1.40 1.06 0.10 0.05 0.64 0.09 0.13 0.30 0.40 0.03 3.85

0.06 0.08 0.37 0.26 0.01 0.01 0.18 0.03 0.04 0.08 0.11 0.00 1.79

0.50 0.15 0.50 0.67 0.08 0.03 0.65 0.40 18.11 18.30 4.31 5.75 1.05 0.81 0.07 0.04 0.14 0.10 1.72 2.14 0.08 0.10 0.60 0.02 0.13 0.69 0.38 0.56 0.39 0.23 0.08 0.10 0.06 0.35 0.48 1.49 2.04 0.05 0.04 0.26 0.50 0.33 2.47 0.10 0.20 0.25 0.20 3.27 2.35 0.05 0.06 0.70 0.53 0.00 0.27 0.20

0.08 0.01 0.11 0.16 0.00 0.01 0.20 0.10 1.02 1.32 1.03 1.51 0.15 0.11 0.02 0.01 0.02 0.04 0.29 0.42 0.02 0.01 0.06 0.00 0.04 0.02 0.06 0.00 0.20 0.02 0.02 0.03 0.02 0.17 0.05 0.26 0.27 0.01 0.01 0.04 0.08 0.07 0.65 0.03 0.05 0.07 0.05 0.40 0.30 0.01 0.02 0.04 0.03 0.00 0.08 0.05

0.27 0.31 0.00 0.01 0.00 0.00 0.05 0.03 0.02 0.00 0.05 0.00 0.08 0.41 0.00 0.00 0.04 0.02 0.07 0.07 0.01 0.01 0.07 0.08 0.00 0.01 0.00 0.00 0.08 0.04 0.00 0.02 0.04 0.02 0.00 0.01 0.01 0.06 0.06 0.00 0.03 0.02 0.03 0.02 0.01 0.09 0.10 0.01 0.00 0.00 0.00 0.01 0.02 2.77 0.00 0.01 0.00 0.01 0.01 0.01 0.08 0.08 0.04 0.00 0.07 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.02 0.00 0.02 0.05 0.13 0.00 0.01 0.00 0.02 0.17 0.02 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.08 0.00 0.05 0.02 0.00 0.00 0.00 0.01

9.99 7.55 0.19 1.60 1.03 0.04 0.39 0.90 0.44 0.60 0.25 0.17 31.22 41.09 0.48 0.64 0.24 0.21 0.52 0.80 0.13 0.10 1.69 2.25 0.17 0.24 0.06 0.08 4.17 3.04 0.05 0.21 0.25 0.22 0.27 0.21 0.10 1.44 1.10 0.42 0.57 1.22 1.64 0.30 0.22 0.92 0.68 0.10 0.10 0.02 0.07 0.09 0.07 87.12 0.15 0.20 0.17 0.08 0.10 0.22 1.61 1.22 0.27 0.30 2.11 1.45 0.05 0.06 0.02 0.01 0.17 0.23 0.12 0.16 0.20 0.40 0.22 2.43 1.84 1.05 0.39 0.08 0.01 0.43 2.31 0.14 0.17 0.00 0.08 0.08 0.19 0.25 0.13 0.17 0.45 0.00 0.45 0.62 0.04 0.03 0.57 0.42

3.12 2.16 0.03 0.25 0.19 0.01 0.03 0.02 0.14 0.21 0.03 0.08 12.65 17.52 0.07 0.11 0.02 0.02 0.30 0.07 0.05 0.03 0.37 0.54 0.03 0.05 0.03 0.02 0.75 0.50 0.01 0.06 0.06 0.06 0.01 0.02 0.02 0.21 0.18 0.09 0.12 0.12 0.17 0.04 0.03 0.05 0.05 0.03 0.07 0.01 0.01 0.02 0.00 48.07 0.03 0.05 0.04 0.02 0.03 0.05 0.07 0.05 0.02 0.00 0.43 0.27 0.00 0.01 0.01 0.00 0.03 0.05 0.04 0.04 0.06 0.08 0.19 0.99 0.75 0.08 0.16 0.03 0.00 0.15 0.63 0.03 0.03 0.00 0.00 0.01 0.03 0.05 0.03 0.05 0.05 0.00 0.07 0.05 0.00 0.00 0.08 0.05

B 8.09 8.57 6.04 6.44 0.10 0.10 unch 0.48 0.58 + 0.00 0.52 unch 0.02 0.03 + 0.25 0.27 0.17 0.20 0.34 0.39 0.45 0.54 unch 0.20 0.20 0.17 0.17 unch 25.56 26.73 34.20 35.62 + 0.37 0.40 0.52 0.53 unch 0.13 0.13 0.10 0.10 0.24 0.25 0.30 0.33 0.11 0.12 0.09 0.09 1.35 1.38 1.80 1.82 0.07 0.09 0.10 0.11 0.00 0.04 unch 0.07 0.07 unch 3.04 3.19 + 2.28 2.41 + 0.03 0.05 unch 0.11 0.12 0.15 0.15 0.10 0.13 0.20 0.22 unch 0.00 0.18 0.06 0.06 1.17 1.22 0.86 0.92 0.31 0.31 0.41 0.41 0.62 0.75 + 0.83 0.99 + 0.16 0.16 0.12 0.13 0.66 0.73 0.49 0.52 0.06 0.08 0.09 0.09 unch 0.01 0.01 unch 0.05 0.05 0.06 0.06 0.05 0.05 56.31 56.66 0.00 0.09 + 0.10 0.11 0.07 0.07 unch 0.04 0.04 0.05 0.06 0.17 0.17 0.71 0.75 0.53 0.56 0.10 0.10 0.00 0.00 0.83 0.91 + 0.61 0.69 + 0.03 0.03 0.04 0.04 0.01 0.01 unch 0.00 0.00 0.08 0.08 0.10 0.10 unch 0.06 0.06 0.09 0.09 unch 0.10 0.10 0.21 0.24 0.00 0.20 unch 1.88 1.94 1.41 1.45 0.69 0.80 + 0.39 0.39 unch 0.05 0.05 + 0.00 0.00 + 0.18 0.18 0.81 0.85 0.07 0.09 0.07 0.08 0.00 0.00 0.02 0.03 0.00 0.04 0.09 0.10 + 0.13 0.14 + 0.07 0.08 + 0.09 0.10 + 0.09 0.16 + 0.00 0.00 unch 0.18 0.19 0.25 0.29 0.01 0.02 + 0.00 0.01 0.31 0.34 unch 0.23 0.25 +

(100s) Stock

Exc Volume

Week Low

0.14 0.20 + 0.00 0.02 0.14 0.14 0.20 0.20 11.91 12.27 0.01 0.01 unch 0.00 0.00 unch 0.26 0.27 0.19 0.20 0.00 0.07 unch 0.42 0.49 + 0.19 0.19 0.04 0.04 -

Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal Buffalo Coal * Bullfrog Gold Bullfrog Gold* Bullion Gold* Bunker Hill Bushveld Min* BWR Explor

V O O V N V O C O O C O V

432 8 41 1192 3978 6 0 1245 966 0 337 7 444

0.20 0.02 0.17 0.21 13.44 0.01 0.00 0.30 0.23 0.07 0.53 0.23 0.04

C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor Cache Explor* Cadillac Vent* Cadillac Vent Caelan Capital* Caldas Gold* Caldas Gold Caledonia Mng* Calibre Mng* Calibre Mng California Gld* California Gld Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Cameo Cobalt* Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Coal Canada Nickel Canada Nickel* Canada One Canada One* Canada Rare Canada Rare* Canada Silver* Canada Silver Canadian Metal* Canadian Metal Canadian Prem Canadian Silv CanAlaska Uran* CanAlaska Uran Canamex Gold* Canarc Res Canarc Res* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng CaNickel Mng* Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Mnls* Canterra Mnls Cantex Mn Dev* Cantex Mn Dev Canuc Res Canuc Res* Capitan Mining* Capitan Mining Capstone Mng Cardero Res Cardero Res* Cardinal Res* Cardinal Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Cascadero Copp Cassiar Gold Cassius Vents Castle Peak Mg CAT Strategic Cdn Goldcamps Cdn Goldcamps* Cdn Palladium* Cdn Palladium CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Century Cobalt* Century Global* Century Global Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock* Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chilean Metals* Chilean Metals China Gold Int Clarity Gold Clarity Gold* Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Mnls Cleghorn Mnls* Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CNRP Mng Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Colombia Crest Colombia Crest* Colonial Coal Colt Res* Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold* Compass Gold Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold Condor Gold* Condor Res Condor Res* Confedertn Ml* Confedertn Mls Conic Metals*

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

2 6371 195 1541 276 7 15 71 10 107 170 207 361 2131 5 254 99 71 8288 4139 13 1325 9 10 280 31 319 1395 621 38 103 69 38 624 982 4 53 32 111 175 240 361 2835 1296 795 1 148 196 21 225 132 1132 46 2 165 0 26 48 1 6 4 265 218 95 43 292 3933 206 156 1 87 75 86 21 2433 102 91 625 30 136 180 20 7760 541 185 1 480 527 335 259 105 3275 107 42 57 82 33 38 36 814 40 152 57 487 599 859 146 13 76 155 2622 277 0 175 200 68572 440 69 322 157 125 11 76 762 105 25 25 46997 131 493 4 11 511 2218 20 179 23968 33 355 0 2 203 40 4 1 246 227 26 71 1738 11 18 15 23 259 105 23 367 114

0.06 0.09 0.42 0.55 0.16 0.10 0.02 0.03 0.09 1.67 2.19 17.72 1.72 2.28 0.14 0.20 2.23 2.96 9.69 12.80 0.15 0.18 0.13 0.06 0.25 0.19 0.07 2.09 1.61 0.05 0.04 0.06 0.05 0.43 0.56 0.06 0.11 0.18 0.10 0.16 0.21 0.04 0.14 0.10 0.13 0.43 0.66 0.10 0.05 0.06 0.18 0.23 0.16 0.10 0.17 0.00 0.21 0.29 0.12 0.16 0.94 1.26 0.23 0.16 0.22 0.33 1.77 0.05 0.04 0.71 1.01 0.07 0.04 0.16 0.05 0.09 0.20 0.25 0.11 0.05 0.63 0.08 0.01 0.04 0.34 0.21 0.11 0.14 0.03 2.40 0.04 12.95 0.38 0.26 0.05 0.03 0.14 0.15 0.35 0.49 0.02 0.02 0.48 0.18 0.55 0.42 2.05 0.08 0.12 2.43 3.26 0.10 0.00 4.06 5.40 71.89 0.15 0.19 0.29 1.67 1.30 0.93 0.71 0.32 0.19 0.10 0.07 8.80 0.12 0.19 0.00 0.09 0.12 0.55 0.04 0.05 7.90 0.05 0.06 0.00 0.12 0.85 0.00 0.14 0.11 0.24 0.19 0.21 0.26 1.07 0.17 0.12 0.84 0.52 0.30 0.23 1.43 1.89 0.19

Last

12-month

High

Change

0.06 + 0.08 unch 0.37 0.51 0.16 + 0.10 unch 0.02 unch 0.03 unch 0.09 + 1.50 1.97 16.33 1.62 2.17 0.11 0.15 2.04 2.71 9.51 12.66 0.12 + 0.18 + 0.13 + 0.02 unch 0.22 0.19 0.07 + 2.01 1.50 0.05 0.04 0.06 unch 0.05 + 0.34 0.45 0.05 0.11 + 0.14 0.10 unch 0.15 0.20 0.04 unch 0.14 + 0.10 + 0.11 0.43 + 0.66 + 0.08 0.04 unch 0.05 0.12 0.17 0.13 0.10 + 0.15 0.08 unch 0.21 + 0.25 unch 0.12 0.16 unch 0.94 + 1.18 + 0.23 + 0.15 + 0.22 0.28 1.67 0.05 + 0.04 + 0.71 unch 0.99 + 0.06 0.03 0.12 0.04 unch 0.09 0.17 0.23 0.11 0.04 + 0.62 unch 0.08 unch 0.01 0.03 0.25 0.21 0.09 0.12 0.02 + 2.19 0.03 unch 11.64 0.35 0.26 0.05 unch 0.02 0.11 + 0.15 unch 0.35 + 0.43 0.02 + 0.02 unch 0.48 + 0.17 + 0.47 0.35 1.84 0.08 unch 0.10 2.43 + 3.24 + 0.07 0.05 unch 3.62 4.84 69.50 0.13 0.15 0.20 1.61 1.27 0.92 unch 0.70 0.31 + 0.14 0.10 unch 0.07 unch 8.28 0.10 0.17 + 0.03 unch 0.09 0.11 0.50 0.04 0.05 unch 7.07 0.04 0.05 0.26 unch 0.12 unch 0.79 0.00 unch 0.14 0.11 unch 0.24 + 0.18 + 0.21 unch 0.25 + 0.96 0.17 0.12 0.80 + 0.51 0.26 0.20 1.30 1.68 0.18 +

Exc Volume

Week

Stock

0.01 0.00 0.02 0.02 0.70 0.00 0.00 0.03 0.03 0.00 0.03 0.05 0.01

0.27 0.07 1.00 0.49 15.83 0.02 0.01 0.36 0.28 0.15 1.01 0.45 0.06

0.05 0.02 0.00 0.09 5.12 0.01 0.00 0.08 0.05 0.01 0.10 0.00 0.02

0.02 0.00 0.05 0.03 0.02 0.00 0.00 0.00 0.03 0.03 0.03 0.85 0.08 0.05 0.03 0.04 0.09 0.07 0.23 0.10 0.00 0.03 0.02 0.00 0.02 0.01 0.03 0.08 0.11 0.01 0.00 0.00 0.00 0.07 0.09 0.01 0.02 0.04 0.00 0.00 0.01 0.00 0.02 0.01 0.02 0.07 0.12 0.02 0.00 0.01 0.05 0.06 0.02 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.04 0.01 0.02 0.05 0.04 0.01 0.01 0.00 0.04 0.01 0.01 0.03 0.00 0.01 0.03 0.03 0.01 0.01 0.00 0.00 0.01 0.01 0.05 0.07 0.02 0.02 0.00 0.17 0.00 1.00 0.03 0.06 0.00 0.01 0.01 0.00 0.03 0.03 0.02 0.00 0.01 0.02 0.10 0.07 0.26 0.00 0.02 0.24 0.33 0.04 0.00 0.29 0.31 3.07 0.02 0.04 0.05 0.01 0.03 0.00 0.02 0.03 0.06 0.00 0.00 0.39 0.02 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.74 0.00 0.01 0.00 0.00 0.07 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.11 0.01 0.00 0.09 0.01 0.03 0.01 0.10 0.17 0.00

0.06 0.09 0.70 0.88 0.18 2.08 0.04 0.05 0.36 9.60 3.07 29.39 1.87 2.47 0.35 0.46 3.10 4.15 12.33 16.71 0.25 0.19 0.14 0.10 0.39 0.28 0.07 3.00 2.24 0.06 0.05 0.08 0.06 0.57 0.73 0.25 0.32 0.98 0.16 0.21 0.27 0.07 0.18 0.14 0.26 0.45 0.66 0.12 0.08 0.11 0.25 0.33 0.27 0.19 0.30 0.09 0.26 0.33 0.16 0.30 3.04 3.75 0.25 0.18 2.00 0.50 1.77 0.07 0.05 0.78 1.05 0.10 0.07 0.33 0.10 0.11 0.30 0.33 0.13 0.06 1.20 0.10 0.03 0.04 0.55 0.35 0.18 0.23 0.08 4.04 0.18 19.59 0.43 0.34 0.25 0.04 0.15 0.19 0.41 0.54 0.05 0.06 0.48 0.20 0.80 0.61 2.55 0.16 0.27 2.46 3.18 0.32 0.18 5.75 7.61 122.94 0.17 0.19 0.29 1.88 1.30 0.93 0.95 0.47 0.21 0.12 0.07 9.04 0.13 0.23 0.05 0.12 0.17 0.55 0.06 0.08 9.25 0.07 0.10 0.34 0.23 0.92 0.00 0.16 0.12 0.38 0.26 0.50 0.65 2.12 0.18 0.17 1.40 2.59 0.44 0.50 2.06 2.78 0.35

0.03 0.01 0.05 0.07 0.04 0.00 0.00 0.01 0.06 1.30 1.30 6.51 0.00 0.46 0.08 0.11 0.22 0.32 5.30 7.69 0.00 0.05 0.03 0.00 0.05 0.04 0.01 0.38 0.67 0.02 0.01 0.03 0.02 0.18 0.25 0.05 0.01 0.10 0.06 0.06 0.09 0.00 0.03 0.02 0.05 0.03 0.05 0.02 0.01 0.01 0.06 0.09 0.04 0.04 0.10 0.08 0.00 0.02 0.12 0.05 0.33 0.46 0.03 0.03 0.16 0.25 0.33 0.02 0.01 0.15 0.20 0.04 0.01 0.00 0.01 0.03 0.05 0.07 0.02 0.01 0.23 0.04 0.01 0.01 0.10 0.18 0.02 0.06 0.01 1.52 0.03 5.52 0.05 0.02 0.01 0.00 0.05 0.05 0.18 0.24 0.00 0.01 0.07 0.06 0.08 0.05 0.08 0.07 0.09 0.77 0.96 0.06 0.04 1.01 1.40 51.60 0.05 0.01 0.03 0.45 0.22 0.92 0.50 0.27 0.01 0.03 0.04 2.63 0.05 0.07 0.01 0.02 0.03 0.06 0.02 0.03 1.98 0.03 0.04 0.05 0.05 0.21 0.00 0.05 0.04 0.11 0.07 0.10 0.14 0.23 0.08 0.01 0.34 0.03 0.04 0.02 0.11 0.21 0.09

Conic Metals Conquest Res * Conquest Res Cons Woodjam CONSOL Coal Rs* CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min Copper Fox Mtl Copper Fox Mtl* Copper Lake Rs Copper Mtn Mng Copper Mtn Mng* Copper North M* Copper North M Copper One * Copper One Copperbank Res* Copperbank Res Coral Gold * Coral Gold Cordoba Mnls Cordoba Mnls* Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold Crest Resource Crest Resource* Crestview Expl Critical Elem* Critical Elem Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt Crystal Peak Crystal Peak* CTGX Mining* Currie Rose Rs Currie Rose Rs* Cyon Explor Cypress Dev* Cypress Dev

V O V V N N N O V O V O V V O V T O O V O C O C O V V O C V O O V V D T C O C O V C V O O C V O O V O V O V

453 145 977 630 351 1871 27519 11 10 563 947 38 133 360 47 912 1894 223 0 1 549 4314 384 347 298 308 118 46 153 98 81 6 68 27 879 588 1058 45 88 572 1247 716 248 0 51 61 173 252 1 47 0 243 433 678

0.25 0.07 0.22 0.22 3.58 4.90 11.36 0.17 0.19 0.13 0.16 0.04 0.14 0.12 0.09 0.03 1.14 0.86 0.00 0.00 0.14 0.20 0.16 0.20 0.85 1.11 0.11 0.08 0.10 6.32 4.80 0.16 0.21 0.25 2.39 3.19 0.12 0.09 0.35 0.65 0.84 0.44 0.09 0.00 0.05 0.06 0.01 0.01 0.00 0.05 0.00 0.27 0.41 0.53

Dajin Lithium* Dajin Res Dakota Ter Res* Damara Gold Damara Gold* Danakali* Debut Dmds Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Disc* Diamond Fields Diamond Fields* Dios Expl Discovery Harb* Discovery Harb Discovery Met* Discovery Met Discovery Min* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E3 Metals E3 Metals* E79 Res Eagle Graphite Eagle Graphite* Eagle Plains East Africa East Africa * EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res* Eastfield Res Eclipse Gold Eclipse Gold* Eco Oro Mnls* Eco Oro Mnls Edgemont Gold Edgewater Expl* Edgewater Expl Edison Cobalt* Edison Cobalt El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Eloro Res* Eloro Res Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining* Emgold Mining EMX Royalty* EMX Royalty Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng* Endeavour Mng Endeavr Silver* Endeavr Silver Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engold Mines Engold Mines*

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

685 261 343 245 245 236 9 1286 214 166 1530 100 202 397 1200 1107 181 2203 6214 50 2445 852 150 194 25 618 90 15 346 64 277 1688 3782 8614 4 529 92 70 650 0 118 8 194 46 31 940 894 95 452 204 1348 3016 46 258 15 249 55 1 6 1 13 591 197 71 220 74 480 230 5 0 4 51 5 579 994 306 3 144 115 0 150 1 36 479 10 468 189 126 13041 4323 42 423 521 985 94 10 680 114 265 1527 907 73 0 32 745 96 1989 11807 1918 435 1051 2339 452 647 4554 285 175 20

0.05 0.06 0.44 0.07 0.05 0.29 0.15 0.08 0.07 0.12 0.15 0.03 0.14 0.19 0.67 0.50 0.11 0.47 0.36 0.11 0.16 2.11 0.02 0.09 0.06 0.00 0.12 0.09 0.10 0.08 0.11 1.30 1.71 0.00 0.00 0.01 0.01 0.28 0.39 0.00 0.01 0.00 0.25 0.01 0.08 0.65 0.86 0.73 0.25 0.19 12.12 9.62 0.10 0.15 0.15 1.83 1.39 1.50 0.90 0.00 0.08 0.64 0.51 0.61 0.05 0.04 0.16 0.24 0.15 0.00 0.31 0.39 0.05 0.08 0.77 0.58 0.04 0.07 0.15 0.12 0.17 0.02 0.03 0.01 0.02 0.03 0.12 0.10 13.42 17.68 1.13 1.55 1.24 0.95 0.46 0.35 0.23 0.19 0.09 0.13 2.82 3.90 0.04 0.07 0.42 26.42 35.08 3.57 4.71 0.12 0.17 0.27 0.21 2.15 1.63 0.12 0.05 0.04

C 0.00 0.06 0.36 0.48 0.12 0.10 0.02 0.03 0.00 1.48 1.97 15.86 1.13 2.02 0.11 0.12 2.00 2.70 9.31 12.43 0.00 0.15 0.00 0.02 0.00 0.18 0.06 1.82 1.38 0.00 0.03 0.06 0.03 0.34 0.45 0.05 0.07 0.14 0.00 0.14 0.19 0.03 0.11 0.08 0.10 0.00 0.47 0.08 0.03 0.05 0.12 0.15 0.00 0.10 0.13 0.00 0.00 0.25 0.12 0.00 0.86 1.10 0.19 0.14 0.19 0.25 1.54 0.04 0.00 0.71 0.93 0.06 0.03 0.00 0.04 0.00 0.17 0.22 0.00 0.04 0.61 0.08 0.01 0.03 0.25 0.00 0.08 0.12 0.01 2.07 0.03 11.24 0.31 0.26 0.05 0.01 0.10 0.13 0.33 0.39 0.00 0.00 0.38 0.15 0.46 0.35 1.65 0.08 0.10 0.00 2.81 0.07 0.00 3.41 4.56 65.16 0.13 0.00 0.19 1.54 1.24 0.92 0.65 0.28 0.14 0.10 0.07 7.82 0.10 0.13 0.00 0.07 0.10 0.47 0.03 0.04 6.74 0.04 0.05 0.00 0.12 0.76 0.00 0.00 0.11 0.00 0.15 0.21 0.00 0.93 0.17 0.10 0.75 0.51 0.26 0.19 0.00 1.65 0.17

(100s)

High Low

High

Low

0.23 0.06 0.19 0.16 2.80 3.73 9.19 0.17 0.19 0.11 0.14 0.03 0.12 0.11 0.08 0.02 0.98 0.73 0.00 0.00 0.10 0.17 0.13 0.17 0.68 0.95 0.09 0.07 0.08 5.75 4.34 0.00 0.20 0.21 2.10 2.78 0.10 0.09 0.33 0.52 0.68 0.38 0.08 0.00 0.04 0.05 0.01 0.00 0.00 0.00 0.00 0.22 0.34 0.44

Last

12-month Change

High Low

0.25 0.07 unch 0.19 0.20 2.86 3.79 9.70 0.17 unch 0.19 unch 0.11 0.14 0.04 unch 0.12 0.12 0.08 0.02 1.13 0.84 0.04 unch 0.05 unch + 0.13 0.20 unch 0.13 0.18 0.72 0.96 0.10 0.07 0.08 5.77 4.42 0.15 0.20 + 0.21 2.31 3.06 + 0.12 0.09 0.34 0.53 0.73 + 0.43 + 0.09 0.04 unch + 0.04 0.05 0.01 unch + 0.01 0.00 unch 0.04 0.03 unch 0.25 0.38 0.50

0.01 0.00 0.03 0.01 0.50 0.89 1.70 0.00 0.00 0.01 0.03 0.00 0.02 0.01 0.01 0.01 0.01 0.03 0.00 0.00 0.01 0.00 0.02 0.02 0.14 0.15 0.01 0.01 0.02 0.38 0.30 0.01 0.02 0.01 0.07 0.06 0.02 0.01 0.01 0.03 0.01 0.04 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.02

0.48 0.25 0.36 0.25 13.25 15.15 14.19 0.20 0.29 1.00 0.28

0.12 0.03 0.04 0.02 2.80 3.35 4.26 0.09 0.12 0.00 0.08

0.27 0.20 0.14 0.03 1.19 0.92 0.05 0.07 0.69 1.00 0.18 0.24 1.03 1.34 0.14 0.10 0.20 6.53 5.00 0.38 0.51 0.35 3.29 4.26 0.22 0.12 2.60 0.65 0.84 0.48 0.10 0.07 0.05 0.07 0.13 0.11 0.05 0.05 0.03 0.32 0.64 0.84

0.05 0.01 0.03 0.01 0.28 0.19 0.01 0.01 0.01 0.05 0.12 0.10 0.18 0.26 0.05 0.03 0.08 1.36 1.05 0.08 0.12 0.20 0.72 0.99 0.04 0.08 0.33 0.16 0.17 0.17 0.02 0.01 0.01 0.03 0.01 0.00 0.00 0.02 0.01 0.06 0.08 0.11

0.04 0.06 + 0.44 0.07 unch 0.05 unch 0.26 + 0.15 0.08 0.05 0.09 0.11 0.03 unch 0.13 + 0.18 0.58 0.43 + 0.11 + 0.47 + 0.35 0.09 0.14 + 1.79 0.02 0.09 unch + 0.06 0.00 0.10 0.09 0.09 0.07 unch + 0.10 1.12 1.48 0.00 unch 0.08 unch 0.01 unch 0.01 0.27 0.36 0.14 unch + 0.00 0.00 0.20 0.01 0.06 0.61 0.81 0.67 0.21 0.17 11.30 8.84 0.09 0.13 0.10 1.75 1.30 1.50 unch + 0.90 0.10 unch 0.06 + 0.63 + 0.47 + 0.60 + 0.05 0.04 0.15 0.18 + 0.15 0.09 unch 0.29 0.38 0.05 unch + 0.08 0.65 0.50 0.04 unch 0.07 unch 0.11 0.12 unch 0.16 0.02 0.03 unch + 0.01 0.02 0.03 unch 0.10 0.07 12.53 16.70 + 1.13 + 1.50 1.15 0.88 0.43 0.32 0.19 0.16 + 0.09 + 0.13 2.67 3.52 0.04 0.06 0.40 24.31 32.68 3.18 4.22 0.10 + 0.14 0.24 0.19 2.00 1.51 0.11 0.05 unch + 0.04

0.00 0.01 0.01 0.00 0.00 0.04 0.04 0.01 0.01 0.03 0.04 0.00 0.00 0.01 0.08 0.07 0.01 0.04 0.02 0.02 0.03 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.02 0.15 0.18 0.00 0.00 0.00 0.00 0.03 0.01 0.00 0.00 0.00 0.05 0.00 0.00 0.04 0.04 0.08 0.02 0.02 0.68 0.57 0.02 0.01 0.05 0.09 0.08 0.00 0.05 0.00 0.02 0.03 0.02 0.12 0.01 0.00 0.01 0.04 0.05 0.00 0.01 0.01 0.00 0.01 0.10 0.08 0.00 0.00 0.01 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.73 0.70 0.04 0.08 0.08 0.07 0.04 0.02 0.05 0.03 0.02 0.03 0.08 0.06 0.02 0.02 0.01 1.68 1.46 0.36 0.45 0.01 0.01 0.03 0.02 0.11 0.10 0.01 0.00 0.01

0.06 0.08 0.96 0.09 0.06 0.47 0.23 0.14 0.10 0.12 0.16 0.07 0.23 0.25 0.73 0.56 0.62 0.75 0.58 0.26 0.35 2.11 0.03 0.20 0.15 0.01 0.25 0.17 0.24 0.14 0.18 2.14 2.84 0.00 0.15 0.03 0.02 0.31 0.47 0.14 0.01 0.03 0.28 0.05 0.13 0.91 1.17 1.65 0.34 0.26 18.05 10.73 0.13 0.18 0.20 2.62 1.98 3.00 1.10 0.14 0.11 0.76 0.59 0.61 0.08 0.06 0.18 0.24 0.15 0.09 0.44 0.72 0.05 0.08 0.96 0.80 0.08 0.10 0.15 0.15 0.20 0.05 0.05 0.02 0.05 0.07 0.19 0.14 14.23 18.79 1.45 1.89 2.09 1.54 0.54 0.45 0.40 0.23 0.12 0.15 3.33 4.40 0.08 0.10 0.53 30.33 39.21 4.79 6.40 0.13 0.17 0.38 0.28 3.29 2.35 0.21 0.08 0.06

0.01 0.02 0.06 0.02 0.00 0.16 0.07 0.01 0.00 0.02 0.03 0.01 0.03 0.07 0.06 0.03 0.08 0.24 0.19 0.05 0.05 0.14 0.01 0.06 0.05 0.00 0.09 0.04 0.03 0.02 0.03 0.13 0.22 0.00 0.07 0.01 0.00 0.08 0.08 0.05 0.00 0.00 0.07 0.00 0.03 0.12 0.17 0.45 0.04 0.04 3.06 3.20 0.03 0.04 0.05 0.99 0.70 1.10 0.24 0.04 0.03 0.19 0.11 0.02 0.02 0.01 0.07 0.08 0.07 0.06 0.12 0.18 0.02 0.03 0.40 0.31 0.02 0.03 0.10 0.02 0.04 0.01 0.02 0.01 0.01 0.02 0.02 0.01 4.60 6.29 0.14 0.19 0.36 0.26 0.28 0.19 0.02 0.15 0.03 0.03 1.18 1.54 0.01 0.01 0.08 11.02 15.68 0.99 1.30 0.02 0.03 0.05 0.04 1.10 0.78 0.03 0.02 0.02

D-F 0.04 0.05 0.38 0.06 0.04 0.26 0.00 0.08 0.05 0.08 0.11 0.03 0.12 0.16 0.54 0.40 0.09 0.41 0.30 0.09 0.12 1.61 0.02 0.08 0.06 0.00 0.00 0.09 0.09 0.06 0.09 1.08 1.45 0.00 0.00 0.01 0.01 0.24 0.32 0.00 0.00 0.00 0.19 0.00 0.05 0.53 0.70 0.57 0.21 0.15 10.80 8.62 0.09 0.12 0.10 1.68 1.26 1.25 0.80 0.00 0.06 0.55 0.42 0.52 0.04 0.04 0.15 0.18 0.00 0.00 0.00 0.37 0.05 0.00 0.63 0.48 0.04 0.07 0.11 0.12 0.16 0.02 0.03 0.01 0.02 0.03 0.09 0.07 11.80 15.84 0.90 1.18 1.12 0.83 0.43 0.00 0.18 0.16 0.06 0.09 2.61 3.46 0.00 0.06 0.36 23.27 31.21 2.99 4.00 0.10 0.14 0.23 0.18 1.91 1.42 0.11 0.04 0.04

G LOBAL M I N I N G

N EW S

(100s) Stock

Exc Volume

TH E N OR TH ER N

Week High

Low 0.03 0.00 0.42 10.46 13.94 0.20 0.20 0.11 0.14 0.31 0.42 0.03 0.04 17.31 0.00 0.06 0.00 0.00 0.69 0.90 0.30 0.13 0.18 0.33 0.20 0.33 0.24 0.00 0.03 0.00 0.34 0.00 0.02 0.43 0.33 0.00 0.06 0.00 0.00 0.30 3.00 2.26 0.45 0.60 0.01 0.01 5.86 7.75 0.00 0.23 0.38 0.25 0.12 0.08 0.08 0.04 0.05 0.46 0.34 0.09 0.08 0.00 1.60 0.09 1.05 1.45 0.00 0.15 0.12 0.15 0.90 0.67 0.01 0.09 0.12 0.00 0.16 12.91 9.69 0.43 0.32 0.34 13.76 0.36 0.26 0.00 0.00 0.19 0.26 0.02 0.01 0.06 0.08 0.06 0.20 0.02 0.03 0.33 0.00 0.12 0.17 11.25 8.41 6.28 1.06 0.00 0.05 0.07 0.13 0.09 2.05 0.35 0.27 0.08 0.06 0.45 131.78 175.86 0.01 0.65 0.50 0.37 16.68 0.18 0.06 14.80 0.27 0.02 0.11 0.15 1.08 1.44 0.02 0.03

Ensurge* Entree Res* Entree Res Equinox Gold* Equinox Gold Equitorial Ex* Equitorial Ex Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng* Eskay Mng Essex Minerals Ethos Gold* Ethos Gold Etruscus Res Euro Manganese Euro Sun Mg Euro Sun Mg* EurOmax Res* EurOmax Res European Elect* European Elect European Metal* Eurotin Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res Excellon Res* Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Explorex Res* Explorex Res Fairmile Gold* Fairmont Res* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res* Far Res FenixOro Gold FenixOro Gold* Fidelity Min Fidelity Min* Filo Mg Corp * Filo Mg Corp Finlay Minrls Fiore Gold* Fiore Gold Fire River Gol* FireFox Gold FireFox Gold* Firestone Vent Fireweed Zinc Fireweed Zinc* Firma Holdings* First Cobalt * First Cobalt First Energy* First Energy First Majestic First Majestic* First Mg Fin First Mg Fin * First Point* First Quantum First Vanadium First Vanadium* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Fokus Mining Foran Mng Forsys Metals Fort St J Nick Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Mnrls* Fortune Mnrls Forum Energy Forum Energy* Fosterville Four Nines Four Nines* Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Fura Gems* Fura Gems Fury Gold* Fury Gold Fuse Cobalt* Fuse Cobalt

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

193 189 296 5221 3003 4 240 91 523 169 939 7 419 726 3 17 606 606 250 612 574 184 488 31 978 814 358 763 90 36 20 0 25 138 89 3 1987 32 6 527 285 210 138 250 460 50 5 10 1 1 4747 39 976 246 983 20 1416 655 779 705 190 3 203 530 507 1434 0 1303 100 60 419 50 1037 2698 2791 107 135 6244 24110 5418 3965 262 17273 415 355 267 159 1691 7346 1055 2 8 40 178 5 602 1382 451 61 276 5 23 4399 16455 61 2 74 1253 693 537 1551 14 9 7 1 884 3767 1662 989 8482 1890 116 98794 2820 967 46 470 160 3 223 2807 1658 439 2610

0.04 0.35 0.47 12.20 16.09 0.20 0.24 0.15 0.20 0.35 0.47 0.03 0.04 19.96 15.11 0.08 0.09 0.09 0.88 1.13 0.45 0.16 0.22 0.35 0.27 0.37 0.29 0.03 0.04 0.30 0.38 0.00 0.02 0.51 0.39 0.06 0.08 0.07 0.05 0.35 3.60 2.72 0.50 0.65 0.02 0.01 5.98 8.00 0.00 0.23 0.47 0.34 0.15 0.11 0.08 0.04 0.06 0.56 0.44 0.10 0.08 1.24 1.80 0.11 1.23 1.62 0.02 0.19 0.14 0.18 0.98 0.75 0.02 0.11 0.14 0.15 0.20 14.55 11.05 0.49 0.38 0.45 15.38 0.46 0.36 0.07 0.05 0.23 0.29 0.03 0.02 0.06 0.09 0.08 0.20 0.03 0.04 0.39 0.17 0.17 0.17 12.47 9.62 7.30 1.27 0.91 0.06 0.08 0.15 0.14 2.53 0.38 0.35 0.08 0.06 0.59 139.29 183.60 0.01 0.93 0.60 0.46 18.04 0.29 0.06 16.45 0.30 0.02 0.11 0.15 1.43 1.85 0.03 0.03

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Gaia Metals* Gaia Metals Gainey Capital Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* General Moly Generation Min* Generation Min Generic Gold* Generic Gold Genesis Mtls* Genesis Mtls Genius Metals Gensource Pot Geomega Res Geomega Res* Gespeg Res Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GFM Res GGL Res

O V O V O V V O V V O T X O V V O V O V O V O V V O T O T O C O V C V V O V O C V V O V V

4 969 98 161 28 516 1581 130 412 270 7 1183 5107 551 1569 5 5 16 330 704 2 828 85 282 392 335 1041 322 806 45 78 70 448 110 392 270 56 114 230 324 259 755 347 20 408

0.42 0.57 0.23 0.30 0.09 0.12 0.04 0.17 0.22 0.27 0.20 2.11 1.61 0.10 0.13 0.03 0.11 0.16 0.98 1.27 0.16 0.21 0.47 0.60 0.29 0.22 0.04 0.47 0.55 0.32 0.46 0.18 0.24 0.24 0.22 0.18 0.14 0.10 0.30 0.35 0.08 0.22 0.16 0.10 0.31

Last

0.04 + 0.34 0.45 unch 10.65 14.23 0.20 unch 0.20 0.12 0.17 0.33 0.44 0.03 unch 0.04 unch 17.45 13.09 0.07 0.09 0.09 0.72 0.96 0.43 + 0.15 + 0.21 unch 0.34 0.21 0.34 0.26 0.01 unch 0.03 0.26 0.34 0.12 unch 0.02 unch 0.44 0.33 0.06 + 0.08 + 0.07 0.04 0.34 + 3.00 2.26 0.47 0.63 0.01 0.01 unch 5.98 + 8.00 + 0.00 unch 0.23 unch 0.40 + 0.31 + 0.12 0.10 0.08 unch 0.04 0.06 0.47 0.35 0.09 0.08 + 1.24 1.67 0.10 1.13 1.50 0.02 0.18 unch 0.13 0.16 0.91 0.70 0.02 + 0.09 0.13 0.14 0.18 13.63 10.25 0.43 0.33 0.35 15.31 + 0.36 0.28 0.06 0.04 0.20 0.27 0.03 + 0.02 + 0.06 0.08 0.06 0.20 unch 0.03 0.03 0.33 0.16 0.14 0.17 unch 12.27 + 8.81 6.62 1.15 0.89 0.06 0.07 0.13 0.10 2.23 0.38 + 0.35 unch 0.08 + 0.06 unch 0.48 136.55 181.59 + 0.01 + 0.80 0.52 0.38 17.34 0.24 0.06 14.80 0.28 0.02 unch 0.11 0.15 unch 1.20 1.58 0.02 0.03 -

0.00 0.01 0.00 1.32 1.46 0.00 0.05 0.01 0.02 0.03 0.04 0.00 0.00 2.25 1.76 0.01 0.01 0.01 0.16 0.17 0.11 0.00 0.00 0.02 0.07 0.04 0.03 0.00 0.01 0.06 0.04 0.00 0.00 0.06 0.05 0.01 0.01 0.01 0.01 0.02 0.58 0.44 0.03 0.02 0.01 0.00 0.03 0.25 0.00 0.00 0.01 0.01 0.03 0.02 0.00 0.01 0.01 0.04 0.03 0.01 0.02 0.14 0.14 0.01 0.10 0.13 0.01 0.00 0.01 0.02 0.06 0.09 0.01 0.01 0.02 0.02 0.02 0.77 0.73 0.06 0.04 0.09 0.85 0.06 0.06 0.01 0.01 0.04 0.05 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.05 0.01 0.03 0.00 0.31 0.57 0.54 0.12 0.01 0.00 0.01 0.01 0.01 0.23 0.03 0.00 0.01 0.00 0.11 1.44 0.37 0.00 0.12 0.07 0.09 1.02 0.06 0.01 1.20 0.01 0.00 0.00 0.00 0.23 0.29 0.00 0.01

High Low

Stock

0.06 0.40 0.53 13.66 17.99 0.20 0.35 0.20 0.28 0.55 0.71 0.05 0.07 23.93 18.22 0.11 0.17 0.17 0.94 1.23 0.92 0.28 0.37 0.48 0.35 0.63 0.49 0.05 0.07 0.37 0.60 1.00 0.04 0.95 0.71 0.90 0.45 0.14 0.11 0.62 6.15 3.36 0.94 1.23 0.02 0.01 5.95 8.00 0.00 0.63 0.60 0.72 0.25 0.19 0.09 0.08 0.12 0.63 0.56 0.13 0.09

0.01 0.16 0.23 4.63 6.60 0.14 0.05 0.03 0.04 0.09 0.13 0.02 0.03 8.40 5.92 0.04 0.06 0.06 0.06 0.09 0.10 0.05 0.08 0.12 0.05 0.14 0.02 0.00 0.01 0.24 0.05 0.00 0.01 0.18 0.15 0.00 0.05 0.01 0.00 0.19 1.55 2.31 0.30 0.42 0.01 0.00 0.00 3.49 0.00 0.23 0.17 0.11 0.03 0.06 0.03 0.01 0.02 0.10 0.09 0.02 0.02

2.36 0.15 1.33 1.75 0.90 0.25 0.19 0.24 1.31 0.97 0.04 0.13 0.18 0.21 0.30 19.41 14.57 0.60 0.47 0.64 15.08 0.48 0.36 0.11 0.08 0.38 0.49 0.06 0.04 0.08 0.12 0.20 0.51 0.04 0.04 0.43 0.29 0.22 0.30 14.12 10.47 7.95 1.56 1.21 0.07 0.10 0.17 0.14 5.34 0.39 0.35 0.12 0.07 0.84 166.11 222.15 0.10 1.95 0.84 0.89 18.68 0.95 0.17 18.11 0.35 0.04 0.16 0.21 3.94 7.78 0.10 0.14

1.00 0.02 0.19 0.27 0.00 0.04 0.10 0.03 0.31 0.21 0.00 0.05 0.08 0.02 0.04 5.30 4.17 0.12 0.09 0.08 4.71 0.13 0.08 0.03 0.02 0.07 0.10 0.01 0.01 0.02 0.03 0.06 0.04 0.01 0.01 0.04 0.08 0.06 0.09 5.16 2.05 1.47 0.22 0.14 0.03 0.04 0.05 0.03 0.91 0.10 0.15 0.04 0.03 0.11 77.18 105.93 0.00 0.04 0.11 0.18 4.82 0.08 0.04 5.53 0.14 0.01 0.05 0.05 1.05 1.44 0.01 0.02

GGL Res* GGX Gold* GGX Gold Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* Glacier Lake Gldn Predator Gldn Predator* Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery Global Battery* Global Energy* Global Energy Global Gold* Global Li-Ion* Global Li-Ion GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals GMV Minerals* GNCC Capital* Go Cobalt* Go Cobalt GoGold Res Gold Basin Res Gold Bull Res* Gold Bull Res Gold Fields* Gold Fields* Gold Finder Ex Gold Finder Ex* Gold Lion Res Gold Lion Res* Gold Plus Gold Plus* Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Rush Cari* Gold Rush Cari Gold Std Vents Gold Std Vents* Gold X Mining Goldâ&#x20AC;&#x2122;n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbank Mng* Goldbelt Emp Goldcliff Res Goldcliff Res* Goldcore Res Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Cariboo Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Sun* Golden Tag Golden Valley* Golden Valley Goldex Res* Goldex Res Goldgroup Mng* Goldgroup Mng GoldHaven Res* GoldMining GoldON Res GoldON Res* GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goldstrike Res* Goldstrike Res Goliath Res* Goliath Res Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia* Gran Colombia Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek* Granite Creek Graphite Egy* Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther* Great Panther Great Thunder* Greatbanks Re Green River Green River* Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Grenville Gold Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GT Gold GT Gold * GTA Resources* Gungnir Res Gungnir Res* Gunpoint Expl Guyana Goldstr* Guyana Goldstr Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor Harfang Explor* Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di

G-H 0.37 0.48 0.20 0.28 0.08 0.10 0.03 0.14 0.19 0.23 0.00 1.73 1.30 0.07 0.10 0.03 0.10 0.00 0.84 1.11 0.12 0.17 0.42 0.55 0.25 0.19 0.03 0.34 0.46 0.32 0.41 0.15 0.20 0.22 0.20 0.17 0.12 0.09 0.23 0.30 0.08 0.19 0.14 0.10 0.28

0.37 0.53 0.22 0.28 0.08 0.12 0.03 0.14 0.19 0.23 0.16 1.80 1.36 0.07 0.11 0.03 0.11 0.15 0.89 1.17 0.16 0.21 0.43 0.57 0.26 0.20 0.04 0.36 0.49 0.32 0.41 0.16 0.21 0.23 0.20 0.17 0.13 0.09 0.26 0.32 0.08 0.21 0.15 0.10 0.31

(100s)

12-month Change

+ unch unch + + + + unch + unch + + unch unch

0.11 0.05 0.01 0.01 0.01 0.00 0.01 0.01 0.02 0.04 0.05 0.25 0.21 0.02 0.01 0.00 0.01 0.01 0.00 0.01 0.04 0.01 0.08 0.02 0.02 0.02 0.01 0.06 0.07 0.00 0.05 0.01 0.03 0.01 0.01 0.00 0.00 0.01 0.01 0.05 0.01 0.01 0.00 0.00 0.00

0.87 1.20 0.54 0.69 0.13 0.18 0.09 0.30 0.41 0.45

0.13 0.14 0.19 0.26 0.03 0.03 0.02 0.03 0.05 0.03

2.80 2.12 0.14 0.20 0.03 0.27 0.39 1.57 2.09 0.13 0.21 1.15 1.50 0.56 0.43 0.54 0.62 0.61 0.29 0.61 0.38 0.49 0.32 0.23 0.23 0.17 0.12 0.37 0.50 0.09 0.44 0.32 0.15 0.39

0.80 0.56 0.02 0.03 0.01 0.06 0.08 0.21 0.29 0.03 0.02 0.26 0.37 0.24 0.17 0.03 0.15 0.39 0.29 0.02 0.10 0.15 0.14 0.07 0.09 0.06 0.03 0.05 0.07 0.02 0.07 0.05 0.05 0.03

Exc Volume O O V V O V O O V V O V V O O V O O O T V O O V O O C O O T V O O O C T C O V O N V O C O C O C O V X O V T X V C V O V O V V O V V O O C V V V O V V O C T X O V V V V T X O V O V O V O T O T V O V C O O C O V V O O V O V V O V O V O V O V O T V O V O O V O O V O V C V V O O X T O V C O V V V O C V O O V V V O V O V V O O V O V O V O O V V O V V V O N T O O V V

5 2 104 3019 5085 11 0 123 299 302 25 3 744 238 5 213 263 1407 319 1628 132 16 124 39 0 182 256 7 85 294 481 148 7120 1 1 1319 42 42 890 7 20182 1362 86 428 91 671 20 322 79 17 4536 3 207 617 3887 392 321 613 46 1 1 563 651 354 225 913 248 80 79 124 682 1407 300 27 63 28 1348 343 7555 300 1561 105 165 23 139 1600 71 1477 24 30 52 121 20 853 453 1675 426 115 615 758 270 712 22 542 1724 284 301 15 31 11 124 520 283 769 91 459 15 250 493 1275 161 1481 1092 514 659 566 83 215 7 414 157 76 1762 283 256 342 124 2836 9777 1251 411 150 71 50 1284 30 161 1581 201 338 62 49 351 1 125 562 350 534 71 1748 49 0 38 51 1 11 204 2 78 125 482 208 33 199 264 41 21529 1262 97 3 128 255

Week High

Low

0.23 0.14 0.19 0.77 0.60 0.13 0.00 0.15 0.20 0.12 0.07 0.10 0.26 0.20 0.06 0.08 2.21 4.35 0.47 0.62 0.11 0.09 0.18 0.21 0.00 0.10 0.14 0.08 0.55 0.74 0.33 0.26 0.00 0.04 0.00 1.51 0.40 0.47 0.63 11.08 11.73 0.07 0.06 0.42 0.32 0.12 0.10 0.20 1.44 1.88 3.01 0.01 0.02 0.99 0.76 3.63 0.21 0.10 0.08 0.00 0.09 0.03 0.15 0.12 0.11 0.17 0.14 0.00 0.16 0.14 0.15 0.25 0.19 0.25 0.37 0.25 0.18 0.61 0.47 0.17 0.22 0.20 2.12 0.14 5.73 4.37 0.00 0.38 5.83 7.85 0.06 0.08 0.03 0.05 0.34 3.20 0.69 0.52 0.33 0.05 0.05 0.04 0.36 0.11 0.14 0.02 0.02 0.26 0.32 0.11 0.15 0.17 0.10 0.14 0.32 0.41 0.05 0.07 0.42 0.54 4.70 6.20 0.22 0.17 0.49 0.36 0.12 0.15 0.51 0.47 0.61 0.12 0.16 0.80 0.61 16.66 12.90 0.00 0.85 1.12 0.70 0.11 0.08 0.05 0.05 0.32 0.09 0.21 0.13 0.12 0.09 0.06 0.08 0.17 0.08 0.25 0.31 0.03 0.35 1.29 0.95 0.00 0.09 0.08 0.67 0.10 0.15 0.02 0.11 0.13 0.38 0.28 0.57 0.09 0.42 0.32 5.27 0.13 0.10 0.17 0.20 0.03

0.19 0.00 0.14 0.50 0.37 0.13 0.00 0.13 0.17 0.11 0.07 0.10 0.24 0.18 0.06 0.07 1.97 3.90 0.41 0.56 0.10 0.08 0.00 0.00 0.00 0.08 0.11 0.08 0.43 0.57 0.25 0.19 0.00 0.04 0.00 1.38 0.39 0.38 0.50 0.00 10.46 0.06 0.04 0.38 0.29 0.10 0.00 0.17 1.25 1.65 2.58 0.01 0.02 0.87 0.65 3.23 0.17 0.09 0.07 0.00 0.09 0.02 0.13 0.09 0.08 0.17 0.12 0.00 0.00 0.13 0.14 0.20 0.15 0.00 0.32 0.00 0.13 0.55 0.41 0.13 0.14 0.19 2.06 0.12 5.08 3.81 0.00 0.31 5.55 7.43 0.00 0.07 0.03 0.04 0.24 2.79 0.60 0.44 0.30 0.04 0.04 0.03 0.00 0.09 0.13 0.02 0.01 0.21 0.27 0.10 0.13 0.10 0.09 0.13 0.25 0.33 0.05 0.06 0.36 0.49 4.29 5.65 0.17 0.12 0.42 0.30 0.09 0.11 0.00 0.36 0.50 0.10 0.13 0.56 0.58 15.50 11.71 0.00 0.74 0.97 0.44 0.11 0.07 0.05 0.04 0.25 0.08 0.18 0.12 0.10 0.08 0.05 0.06 0.00 0.08 0.22 0.28 0.02 0.28 1.14 0.91 0.00 0.00 0.07 0.00 0.09 0.13 0.02 0.11 0.12 0.29 0.22 0.55 0.09 0.38 0.29 4.72 0.11 0.08 0.14 0.00 0.03

Last

12-month Change

0.19 + 0.14 + 0.17 + 0.55 0.41 0.13 0.12 unch 0.13 0.18 0.11 unch 0.07 unch 0.10 unch 0.25 0.19 0.06 unch 0.07 2.01 4.00 0.43 0.60 0.10 0.09 + 0.18 + 0.20 0.75 unch 0.10 + 0.13 unch 0.08 0.45 0.63 0.25 0.19 0.00 unch 0.04 unch 0.08 unch 1.47 0.39 0.45 + 0.59 + 11.08 10.93 0.06 0.05 + 0.42 + 0.32 0.10 0.10 unch 0.17 1.44 + 1.88 + 2.74 0.01 0.02 unch 0.89 0.68 3.50 0.17 0.10 0.07 0.15 unch 0.09 unch 0.03 unch 0.15 + 0.11 + 0.08 0.17 0.13 0.00 0.16 + 0.14 + 0.14 unch 0.21 0.16 0.23 0.34 unch 0.25 + 0.17 0.55 0.42 0.13 unch 0.19 + 0.19 2.10 0.12 5.43 4.06 0.00 0.32 5.66 7.50 0.06 + 0.07 0.03 0.05 unch 0.32 + 2.88 0.69 + 0.52 + 0.33 + 0.04 0.04 unch 0.04 unch 0.35 unch 0.10 0.13 0.02 unch 0.02 + 0.26 unch 0.30 0.10 0.13 0.17 + 0.10 0.14 unch 0.32 + 0.40 + 0.05 unch 0.06 0.39 0.51 4.48 5.94 0.18 0.14 0.44 0.33 0.10 0.13 0.47 0.40 0.52 0.12 + 0.15 0.60 0.61 15.98 12.00 0.00 + 0.80 1.05 0.53 0.11 0.07 0.05 unch 0.04 0.32 + 0.09 unch 0.19 0.13 + 0.10 0.08 0.05 0.06 0.17 unch 0.08 unch 0.22 0.28 0.02 unch 0.34 + 1.27 + 0.95 + 0.00 unch 0.09 0.07 0.67 0.10 + 0.14 unch 0.02 + 0.11 unch 0.12 0.37 + 0.28 + 0.57 + 0.09 unch 0.39 0.29 4.91 0.12 0.09 0.14 0.20 unch 0.03 unch

0.00 0.02 0.03 0.22 0.17 0.01 0.00 0.02 0.02 0.00 0.00 0.00 0.02 0.01 0.00 0.01 0.17 0.31 0.03 0.01 0.02 0.01 0.02 0.03 0.00 0.00 0.00 0.00 0.11 0.10 0.08 0.07 0.00 0.00 0.00 0.04 0.05 0.04 0.01 1.74 0.65 0.01 0.01 0.01 0.00 0.02 0.00 0.01 0.06 0.05 0.25 0.01 0.00 0.02 0.02 0.09 0.02 0.01 0.01 0.00 0.00 0.00 0.02 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.00 0.05 0.03 0.01 0.00 0.01 0.01 0.04 0.03 0.00 0.01 0.01 0.02 0.01 0.27 0.27 0.00 0.06 0.15 0.21 0.01 0.01 0.01 0.00 0.08 0.28 0.08 0.05 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.04 0.01 0.01 0.05 0.00 0.00 0.03 0.05 0.00 0.01 0.03 0.03 0.18 0.21 0.04 0.03 0.06 0.03 0.02 0.01 0.02 0.05 0.05 0.00 0.01 0.22 0.01 0.45 0.64 0.00 0.05 0.07 0.08 0.02 0.02 0.00 0.01 0.07 0.00 0.01 0.01 0.02 0.01 0.01 0.02 0.00 0.00 0.00 0.02 0.00 0.01 0.04 0.01 0.00 0.01 0.00 0.11 0.02 0.00 0.00 0.00 0.02 0.04 0.03 0.01 0.00 0.03 0.03 0.39 0.01 0.01 0.03 0.00 0.00

(100s)

High Low

Stock

0.25 0.22 0.30 2.44 1.84 0.55 0.14 0.19 0.28 0.17 0.13 0.25 0.48 0.37 0.10 0.14 3.39 6.66 0.65 0.90 0.18 0.11 0.27 0.45 2.35 0.13 0.19 0.58 0.61 0.81 0.35 0.27 0.00 0.14 0.16 1.84 0.50 0.52 0.70 15.00 14.90 0.17 0.13 0.75 0.51 0.26 0.18 0.30 2.02 2.70 6.24 0.03 0.04 1.50 1.14 4.62 0.35 0.14 0.11 0.18 0.14 0.03 0.18 0.14 0.15 0.22 0.16 0.01 0.28 0.15 0.20 0.38 0.32 0.44 0.50 0.36 0.36 0.80 0.58 0.25 0.38 0.33 2.25 0.20 6.89 5.20 0.01 0.45 6.20 8.15 0.09 0.12 0.07 0.10 0.45 3.85 1.15 0.82 0.50 0.08 0.05 0.05 0.59 0.14 0.19 0.04 0.03 0.28 0.40 0.25 0.53 0.17 0.14 0.19 0.31 0.46 0.07 0.09 0.72 0.95 6.19 8.10 0.34 0.26 0.68 0.52 0.14 0.20 1.01 0.79 1.04 0.19 0.25 0.89 0.80 19.83 14.62 0.02 1.07 1.42 0.71 0.18 0.10 0.07 0.06 0.40 0.10 0.24 0.18 0.27 0.20 0.07 0.10 0.20 0.14 0.30 0.39 0.12 0.67 2.25 1.63 0.00 0.10 0.08 0.93 0.16 0.40 0.14 0.11 0.16 0.54 0.41 2.94 0.12 0.45 0.25 7.61 0.24 0.18 0.20 0.29 0.05

Hawkeye Gld&Di* Heatherdale Rs Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl High Point Exp Highbank Res HighGold* HighGold Highland Copp* Highland Copp Highway 50 Gld HiHo Silver HiHo Silver* Hochschild Mg* Honey Badger E* Honey Badger E Horizonte Mnls Hornby Bay Mnl* Hornby Bay Mnl HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hybrid Mineral Hylands Intl

O V N O V O O V C V O V O V V C O O O V T O V N T V O O V V V

I-Minerals I-Minerals* IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls * Iconic Mnls Idaho Champion Idaho Champion* IEMR Res IM Exploration IMC Intl Mng IMC Intl Mng* iMetal Res iMetal Res* IMPACT Silver Imperial Metal Imperial Metal* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indigo Expl Infinite Ore* Infinite Ore Inflection Res Infrastructure* Inomin Mines Inspiration Mg* Intact Gold Integra Res* Integra Res Inter-Rock Mnl Interconnect Intercontinent* Intercontinent Intl Battery Intl Battery* Intl Bethl Mng Intl Bethl Mng* Intl Cobalt* Intl Cobalt Intl Cons Uran* Intl Cons Uran Intl Lithium Intl Lithium* Intl Millm Mng Intl Montoro* Intl Montoro Intl Prospect * Intl Prospect Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite* Intl Zeolite Intrepid Pots* INV Metals* INV Metals Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy Irving Res* Irving Res IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Ivor Explor Jade Leader* Jade Leader Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* Jiulian Res* Jiulian Res JNC Resources JNC Resources* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kaizen Discov Kaizen Discvry* Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Mining* Kenadyr Mining Kerr Mines* Kerr Mines Kesselrun Res* Kesselrun Res Kestrel Gold Kilo Goldmines Kilo Goldmines* Kincora Copper* Kincora Copper King Global* King Global Kingman Min Kings Bay Res* Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kirkland Lake* Kirkland Lake Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kootenay Zinc*

0.02 0.05 0.05 0.13 0.09 0.05 0.01 0.04 0.04 0.11 0.07 0.05 0.15 0.11 0.05 0.07 1.29 2.51 0.18 0.23 0.02 0.03 0.11 0.05 0.55 0.03 0.03 0.02 0.19 0.26 0.08 0.05 0.00 0.01 0.02 0.37 0.10 0.01 0.02 4.09 3.79 0.02 0.02 0.17 0.32 0.05 0.10 0.04 1.05 1.65 2.02 0.00 0.01 0.46 0.27 0.75 0.11 0.02 0.02 0.09 0.06 0.02 0.07 0.05 0.04 0.09 0.06 0.00 0.03 0.02 0.04 0.04 0.02 0.06 0.06 0.05 0.07 0.20 0.13 0.04 0.04 0.08 0.66 0.03 2.56 1.85 0.00 0.03 5.15 3.10 0.04 0.06 0.01 0.02 0.11 0.85 0.20 0.14 0.09 0.02 0.01 0.01 0.07 0.04 0.06 0.01 0.01 0.00 0.12 0.00 0.12 0.02 0.05 0.08 0.08 0.10 0.02 0.03 0.07 0.10 2.10 2.88 0.09 0.06 0.10 0.07 0.09 0.03 0.00 0.10 0.15 0.00 0.03 0.30 0.30 3.68 7.46 0.00 0.23 0.32 0.10 0.06 0.04 0.06 0.01 0.05 0.03 0.04 0.06 0.08 0.05 0.01 0.02 0.09 0.02 0.09 0.12 0.00 0.08 0.67 0.53 0.00 0.03 0.02 0.43 0.11 0.08 0.01 0.01 0.02 0.07 0.05 0.45 0.06 0.15 0.17 1.76 0.08 0.05 0.04 0.06 0.01

Exc Volume

Week

M I N ER

12-month

High

Low

Last

780 45 43338 1651 241 81 103 58 1 412 125 1029 36 74 449 104 30 23 210 2120 487 200 2376 4255 5141 948 339 111 155 395 20

0.03 0.93 5.18 0.08 1.50 1.20 0.54 0.72 0.00 0.02 1.85 2.45 0.04 0.05 0.29 0.03 0.03 3.03 0.05 0.07 0.13 0.06 0.08 5.07 6.68 0.30 0.23 0.13 0.17 0.17 0.03

0.01 0.85 4.32 0.08 1.20 0.91 0.46 0.61 0.00 0.02 1.54 2.00 0.03 0.05 0.22 0.00 0.02 2.67 0.04 0.06 0.10 0.01 0.06 4.33 5.79 0.24 0.17 0.09 0.14 0.00 0.03

0.03 0.85 4.58 0.08 1.33 1.12 0.47 0.72 0.30 0.02 1.66 2.30 0.03 0.05 0.26 0.03 0.03 2.92 0.05 0.06 0.10 0.04 0.07 4.53 6.01 0.30 0.23 0.12 0.14 0.16 0.03

V 50 O 1 T 5619 N 18912 O 3 O 37 V 157 C 1434 O 591 V 160 C 83 C 621 O 241 V 376 O 4 V 1491 T 152 O 33 V 260 O 89 V 96 O 907 V 178 O 12 V 3 O 15 V 226 C 452 O 4483 V 65 O 1 V 204 X 388 V 406 V 39 V 96 O 0 V 13 C 156 O 212 V 372 O 100 O 603 C 2261 O 27 V 138 V 175 O 392 V 54 O 4 V 481 O 75 V 97 O 21418 X 3146 T 199 O 1 V 1045 N 355 O 36 T 176 O 82 V 130 V 229 O 1600 V 182 O 205 C 208 V 487 O 1 V 24 O 215 O 380 T 4305 C 109 O 0 V 472 V 94 T 1021 O 191 V 2650 O 284 V 40 O 103 V 484 O 34 V 222 V 7 V 1053 O 777 O 295 V 1786 C 112 O 32 T 609 O 58 V 35 V 1 O 44 O 82 V 24 O 19 V 512 O 12 V 2018 O 677 V 590 O 57 V 398 C 80 T 141 V 0 O 606 O 195179 O 10 V 9435 O 449 T 1101 O 65 V 893 V 478 V 552 O 122 O 172 V 561 O 6 V 1643 V 537 O 3 V 521 V 32 O 2 T 17065 N 70973 V 690 N 7747 T 3560 O 63 V 290 O 275 V 3590 O 203 O 17 V 1338 O 651 V 2518 C 92 O 0

0.03 0.02 5.32 4.03 0.06 0.09 0.12 0.26 0.21 0.03 0.15 0.16 0.13 0.12 0.10 1.02 3.27 2.44 0.09 0.48 0.64 0.03 0.15 0.08 0.07 0.06 0.06 0.43 0.00 0.10 0.00 0.06 3.56 4.50 0.38 0.07 0.00 0.11 0.13 0.10 0.04 0.02 0.01 0.02 0.43 0.55 0.05 0.04 0.02 0.07 0.09 0.08 0.11 0.00 1.74 2.29 0.04 0.06 10.95 0.33 0.42 0.10 0.14 0.03 0.02 0.32 2.19 2.90 1.30 0.29 0.33 0.14 4.02 5.29 0.38 0.00 0.06 0.03 8.00 6.06 0.36 0.28 0.06 0.07 0.09 0.05 0.08 0.27 0.30 0.24 0.00 0.15 0.62 0.47 0.78 0.07 0.02 0.00 0.10 0.10 0.11 0.99 0.70 0.30 7.50 5.63 0.05 0.04 0.95 0.16 0.27 0.00 2.64 0.00 0.02 0.04 0.10 0.13 0.25 0.34 0.10 0.02 0.01 0.10 0.13 0.04 0.06 0.09 0.01 0.01 0.19 0.13 11.54 8.76 0.09 47.33 62.38 0.19 0.24 0.06 0.08 1.30 0.34 0.46 0.32 0.42 0.35 0.00

Change

High Low

+ unch + + unch unch + + + unch + + unch

0.01 0.05 0.57 0.00 0.17 0.08 0.07 0.04 0.00 0.00 0.07 0.04 0.01 0.01 0.03 0.01 0.00 0.11 0.00 0.01 0.03 0.02 0.00 0.58 0.70 0.06 0.02 0.02 0.04 0.02 0.00

0.04 1.35 6.79 1.68 2.25

0.00 0.28 1.40 0.17 0.30

0.81 1.11 0.30 0.03 2.44 3.14 0.04 0.06 0.29 0.07 0.21 4.35 0.21 0.10 0.20 0.06 0.11 5.19 6.79 0.33

0.04 0.17 0.02 0.01 0.42 0.57 0.01 0.02 0.06 0.02 0.01 0.99 0.00 0.01 0.03 0.01 0.03 1.23 1.66 0.07

0.14 0.19 0.25 0.06

0.02 0.04 0.01 0.03

0.03 0.03 unch 0.00 0.02 + 4.69 4.88 3.51 3.67 0.04 0.04 0.00 0.08 0.10 0.10 0.21 0.24 0.15 0.18 0.03 0.03 + 0.10 0.15 unch + 0.13 0.16 0.10 0.11 0.10 0.11 0.10 0.10 unch 0.87 0.88 2.99 3.03 2.25 2.27 0.09 0.09 0.37 0.44 0.53 0.58 0.02 0.03 + 0.11 0.12 unch 0.00 0.08 0.00 0.07 0.04 0.04 0.06 0.06 0.39 0.41 0.00 0.00 unch 0.00 0.10 + 0.00 0.00 unch 0.05 0.05 3.09 3.11 4.11 4.15 0.37 0.37 unch 0.07 0.07 unch 0.00 0.09 unch 0.00 0.11 unch 0.11 0.11 0.08 0.09 0.03 0.03 0.02 0.02 unch 0.00 0.01 0.01 0.01 unch 0.37 0.37 0.48 0.53 + 0.04 0.05 + 0.03 0.03 0.00 0.02 + 0.06 0.06 0.07 0.07 0.08 0.08 0.10 0.10 0.00 0.00 unch 1.39 1.49 1.80 1.97 0.00 0.04 unch 0.05 0.06 9.36 9.98 0.29 0.29 0.00 0.41 0.10 0.10 0.14 0.14 unch 0.03 0.03 + 0.02 0.02 unch 0.29 0.31 1.95 2.03 2.61 2.72 1.08 1.14 0.00 0.29 0.32 0.32 unch 0.11 0.12 unch 3.62 3.93 4.98 5.24 0.35 0.38 + 0.00 0.06 unch 0.00 0.06 0.00 0.03 unch 6.85 7.23 5.07 5.47 0.34 0.35 unch 0.25 0.26 0.06 0.06 unch 0.05 0.06 0.06 0.07 0.04 0.04 0.06 0.06 0.27 0.27 + 0.26 0.26 0.19 0.19 0.00 0.13 unch 0.13 0.13 0.58 0.61 + 0.45 0.47 + 0.62 0.63 0.06 0.06 0.02 0.02 0.00 0.70 unch 0.09 0.09 0.08 0.08 + 0.00 0.11 0.60 0.99 unch 0.56 0.60 0.29 0.30 + 6.86 7.05 5.15 5.30 0.04 0.04 0.00 0.03 unch 0.73 0.77 0.16 0.16 unch 0.16 0.24 0.00 0.41 unch 2.30 2.50 0.00 0.00 + 0.02 0.02 0.03 0.04 + 0.09 0.10 + 0.12 0.13 unch 0.21 0.21 0.27 0.30 0.08 0.09 0.01 0.02 + 0.01 0.01 0.06 0.10 + 0.09 0.13 + 0.03 0.04 0.04 0.06 + 0.07 0.07 0.01 0.01 unch 0.00 0.01 unch 0.17 0.17 0.13 0.13 unch 10.28 10.60 7.71 7.97 0.07 0.08 43.76 45.62 58.30 60.70 0.16 0.17 0.22 0.22 0.04 0.05 0.06 0.07 1.07 1.28 0.28 0.30 0.38 0.45 + 0.25 0.26 0.34 0.36 0.28 0.28 0.00 0.22 unch

0.00 0.00 0.27 0.27 0.02 0.01 0.02 0.03 0.03 0.01 0.00 0.01 0.02 0.01 0.00 0.11 0.14 0.12 0.01 0.04 0.03 0.01 0.00 0.03 0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.29 0.35 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.02 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.00 0.08 0.07 0.00 0.01 1.03 0.04 0.02 0.01 0.00 0.01 0.00 0.01 0.14 0.12 0.16 0.01 0.00 0.00 0.11 0.08 0.02 0.00 0.01 0.00 0.67 0.58 0.00 0.00 0.00 0.01 0.02 0.01 0.02 0.02 0.04 0.03 0.00 0.02 0.04 0.03 0.17 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.12 0.02 0.31 0.29 0.01 0.00 0.12 0.00 0.06 0.00 0.18 0.00 0.01 0.01 0.00 0.00 0.04 0.05 0.01 0.01 0.00 0.02 0.03 0.01 0.01 0.02 0.00 0.00 0.02 0.00 0.68 0.64 0.01 1.04 0.56 0.00 0.01 0.01 0.01 0.03 0.00 0.03 0.05 0.05 0.07 0.00

0.06 0.05 7.07 5.35 0.14 0.11 0.15 0.44 0.47 0.04 0.18 1.00 0.73 0.60 0.47 1.25 3.56 2.75 0.11 0.67 0.86 0.08 0.17 0.13 0.15 0.10 0.14 0.63 0.00 0.25 0.03 0.09 5.50 5.90 0.45 0.07 0.25 0.33 0.16 0.13 0.06 0.04 0.02 0.02 0.53 0.74 0.07 0.05 0.03 0.08 0.11 0.15 0.23 0.00 2.27 3.07 0.07 0.10 32.30 0.78 1.11 0.15 0.21 0.04 0.03 0.50 3.48 4.60 1.47

0.02 0.01 2.00 1.44 0.01 0.02 0.04 0.04 0.04 0.01 0.04 0.13 0.10 0.08 0.06 0.22 0.99 0.70 0.03 0.01 0.16 0.02 0.03 0.01 0.06 0.01 0.03 0.39 0.00 0.03 0.00 0.03 3.06 1.53 0.16 0.06 0.08 0.09 0.07 0.05 0.01 0.01 0.00 0.01 0.02 0.10 0.03 0.02 0.01 0.01 0.01 0.05 0.07 0.00 0.33 0.43 0.02 0.02 6.00 0.13 0.17 0.05 0.07 0.01 0.01 0.28 1.02 1.45 0.23

I-J-K

1.30 0.21 4.66 6.08 0.40 0.20 0.29 0.08 9.20 7.05 0.45 0.34 0.12 0.09 0.14 0.06 0.09 0.44 0.35 0.26 0.13 0.18 0.65 5.24 0.91

1.35 1.80 0.20 0.02 0.04 0.01 1.05 0.50 0.19 0.12 0.01 0.02 0.03 0.00 0.01 0.14 0.11 0.05 0.05 0.01 0.18 0.24 0.31

0.04 0.78 0.09 0.20 0.29 1.50 0.96 0.65 8.50 6.50 0.08 0.06 0.95 0.30 0.33 1.28 3.57 0.00 0.06 0.08 0.15 0.18 0.37 0.47 0.12 0.03 0.04 0.14 0.19 0.05 0.07 0.23 0.01 0.03 0.22 0.15 13.59 10.32 0.15 57.69 76.43 0.29 0.39 0.07 0.09 2.51 0.34 0.54 0.46 0.54 3.00 1.16

0.01 0.38 0.03 0.06 0.11 0.20 0.11 0.07 1.55 1.12 0.03 0.02 0.13 0.03 0.09 0.04 2.30 0.00 0.02 0.02 0.06 0.10 0.02 0.03 0.01 0.01 0.00 0.02 0.01 0.00 0.01 0.06 0.00 0.01 0.07 0.05 4.00 2.72 0.05 18.03 25.67 0.10 0.14 0.01 0.02 0.12 0.05 0.05 0.08 0.12 0.28 0.17

(100s) Stock

/ N OV EM BER 9 â&#x20AC;&#x201C; 2 2 , 2 0 2 0

Exc Volume

Week High

Low 0.75 1.00 0.13 1.09 0.83 0.01 0.00

Kore Mining * Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

O V O C O C O

895 1106 475 520 154 9915 13

1.04 1.38 0.18 1.30 0.99 0.01 0.00

La Imperial Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin American Latin American* Latin Metals* Latin Metals Laurion Mnl Ex* Laurion Mnl Ex Le Mare Gold* Le Mare Gold Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Lepanto Con Mg* Libero Copper* Libero Copper Liberty Gold* Lida Resources* Lido Minerals Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithoquest Dia* Lithoquest Dia LKA Gold* Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res Lovitt Res* Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lydian Intl* Lynas Corp* Lynas Corp*

C O V O O T O V T O O T O V V O O V O V O V V O V C O O O V O O C V V V O T N V O O O V O V O O V V O O T O O V V O T O V O V O V V T O T O V O O O

450 925 5651 796 4 461 1235 122 502 1713 547 688 1028 1130 1425 211 2 71 17 475 22 1103 93 231 13430 841 1 250 242 1042 1254 1976 40 33 37 956 664 2399 11687 1457 110 1186 20 68 18 250 2 48 203 1086 1599 54 387 19 0 39 52 10 418 48 378 0 42 461 602 601 1107 380 10800 5 112 109 624 254

0.09 0.38 0.50 0.03 19.65 25.87 0.05 0.84 0.25 0.00 0.76 1.00 0.00 0.15 0.05 0.04 0.11 0.12 0.16 0.22 0.04 0.08 0.18 0.14 0.52 0.19 0.01 0.00 0.10 0.13 1.48 0.05 0.27 0.25 0.24 1.73 1.29 14.69 11.14 0.16 0.11 0.19 0.07 0.09 0.05 0.07 0.18 0.08 0.21 0.05 0.04 0.48 0.64 0.95 0.00 5.15 0.15 0.12 0.49 0.07 0.10 0.00 0.53 0.61 0.81 0.80 12.01 6.33 8.35 0.04 0.05 0.01 2.13 2.10

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Maple Gold Maple Gold* Marathon Gold* Marathon Gold Marifil Mines Marifil Mines* Marimaca Cop Marimaca Cop* Mariner Res* Maritime Res Martina Mnls MartinMarietta* Mas Gold Mascota Res* Mason Graphite* Mason Graphite Matica Ent Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mazarin McChip Res McEwen Mng McEwen Mng* McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium Mega Uranium* Megastar Dev Megastar Dev* MegumaGold MegumaGold* Melior Res Melkior Res Melkior Res* Mensa Mng Corp* Merger Mines* Meridian Mg * Meridian Mg Meryllion Res* Meryllion Res MetalCorp Metalex Vent Metalla Rylty Metallic Mnrls Metallic Mnrls* Metallica Min* Metallis Res Metalo Manuf Metalore Res Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold*

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

835 94 205 1492 1218 15 189 179 1 169 60 5 473 384 1264 887 301 1812 2007 995 59 33 345 809 176 6 101 1631 4864 3444 351 2056 195 176 91 11 104 1412 575 3030 685 0 442 639 537 274 797 318 970 2125 328 24 0 4 14 1217 17196 378 5 298 347 375 36 582 1580 3 873 471 553 50 152 73 41 70 13 0 0 10 30 1 101 18 451 162 547 500 100 186 7 2 2 109 104 71 198

0.57 0.42 0.09 0.11 23.96 1.09 1.05 0.78 0.17 0.23 0.06 0.05 0.06 0.29 0.80 1.03 0.48 0.30 0.37 0.07 1.68 1.26 0.28 0.38 0.08 0.05 0.04 0.05 0.51 0.40 1.74 2.32 0.06 0.04 3.55 2.59 0.43 0.15 0.05 269.78 0.09 2.00 0.23 0.30 0.03 7.31 5.57 0.32 0.43 0.35 0.07 0.06 0.05 0.11 0.46 1.41 1.09 0.07 0.50 1.51 0.29 0.22 0.05 0.05 0.00 0.12 0.13 0.10 0.12 0.09 0.13 0.10 0.08 0.89 0.65 0.00 0.00 0.16 0.20 0.00 0.01 0.03 0.04 10.49 0.73 0.56 0.01 0.39 0.17 2.65 0.05 0.06 0.06 0.25 0.10

12-month

Last

Change

1.01 + 1.35 + 0.15 1.19 0.90 0.01 + 0.00 unch

High Low

0.05 0.08 0.04 0.06 0.06 0.01 0.00

1.48 1.96 0.27 1.75 1.19 0.01 0.01

0.09 0.15 0.03 0.45 0.32 0.01 0.00

unch + + + + + unch + + unch unch unch + + + + unch + unch + + + unch unch unch unch -

0.00 0.09 0.14 0.02 1.58 1.44 0.00 0.01 0.01 0.00 0.03 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.00 0.01 0.01 0.01 0.01 0.02 0.07 0.00 0.00 0.00 0.01 0.02 0.13 0.02 0.06 0.01 0.02 0.11 0.11 1.14 1.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.03 0.00 0.00 0.06 0.07 0.14 0.00 0.20 0.00 0.00 0.02 0.01 0.02 0.00 0.07 0.03 0.02 0.12 0.63 0.25 0.24 0.00 0.01 0.01 0.08 0.04

0.12 0.01 0.50 0.09 0.63 0.10

0.47 0.48 0.00 0.38 0.07 0.07 0.10 0.10 21.13 22.51 1.03 1.06 0.90 1.05 + 0.67 0.72 0.17 0.17 0.23 0.23 unch 0.00 0.05 unch 0.00 0.04 0.06 0.06 unch 0.22 0.27 + 0.56 0.71 0.75 0.95 0.38 0.39 0.24 0.27 0.31 0.37 0.05 0.05 1.41 1.55 0.00 1.18 0.24 0.25 0.32 0.33 + 0.08 0.08 0.04 0.05 + 0.04 0.04 + 0.05 0.05 unch 0.39 0.51 + 0.29 0.38 + 1.59 1.73 2.12 2.32 + 0.05 0.05 unch 0.04 0.04 + 3.17 3.30 2.42 2.50 0.34 0.42 0.13 0.14 0.05 0.05 unch 243.75 266.35 + 0.08 0.09 + 2.00 2.00 unch 0.18 0.21 + 0.24 0.28 + 0.03 0.03 unch 6.60 6.97 4.97 5.23 0.26 0.27 0.34 0.36 0.29 0.34 + 0.06 0.07 0.05 0.05 0.00 0.05 0.00 0.11 0.46 0.46 unch 1.24 1.29 0.93 0.97 0.06 0.07 unch 0.50 0.50 + 1.29 1.33 0.23 0.23 0.16 0.17 0.03 0.03 0.05 0.05 0.00 0.00 unch 0.12 0.12 unch 0.12 0.13 unch 0.08 0.09 0.11 0.12 + 0.09 0.09 unch 0.11 0.12 0.09 0.09 0.07 0.08 + 0.79 0.82 0.60 0.62 0.00 0.00 unch 0.00 5.00 unch 0.16 0.16 unch 0.00 0.17 0.00 0.00 unch 0.01 0.01 unch 0.00 0.03 unch 0.03 0.03 9.75 9.86 0.55 0.58 0.42 0.44 0.01 0.01 unch 0.31 0.35 0.12 0.12 unch 2.30 2.30 0.05 0.05 0.06 0.06 unch 0.06 0.06 + 0.23 0.23 0.07 0.08 -

0.04 0.01 0.01 0.01 0.96 0.02 0.06 0.03 0.00 0.00 0.00 0.01 0.00 0.04 0.07 0.08 0.07 0.00 0.01 0.01 0.08 0.10 0.02 0.03 0.01 0.01 0.00 0.00 0.11 0.07 0.02 0.05 0.00 0.00 0.09 0.18 0.01 0.01 0.00 3.94 0.02 0.00 0.03 0.03 0.00 0.27 0.26 0.04 0.06 0.05 0.01 0.00 0.00 0.02 0.00 0.12 0.11 0.00 0.02 0.14 0.05 0.03 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.08 0.07 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.49 0.12 0.11 0.00 0.01 0.00 0.35 0.00 0.00 0.00 0.02 0.01

L 0.05 0.24 0.32 0.01 0.00 23.86 0.04 0.68 0.22 0.00 0.69 0.92 0.00 0.12 0.04 0.03 0.09 0.12 0.16 0.20 0.03 0.05 0.17 0.12 0.40 0.18 0.01 0.00 0.08 0.10 1.31 0.03 0.21 0.00 0.00 1.46 1.07 12.28 9.22 0.13 0.09 0.15 0.06 0.00 0.04 0.05 0.10 0.07 0.17 0.04 0.03 0.43 0.56 0.00 0.00 4.80 0.00 0.12 0.45 0.06 0.00 0.00 0.00 0.54 0.72 0.68 10.79 5.68 7.73 0.00 0.00 0.01 1.91 1.92

0.09 0.38 0.50 0.03 18.25 24.49 0.04 0.80 0.25 0.00 0.73 0.97 0.10 0.12 0.04 0.03 0.10 0.12 0.16 0.21 0.04 0.06 0.18 0.12 0.51 0.18 0.01 0.00 0.08 0.11 1.33 0.03 0.21 0.25 0.21 1.61 1.21 12.85 9.61 0.13 0.11 0.16 0.07 0.09 0.04 0.06 0.18 0.08 0.21 0.04 0.03 0.48 0.64 0.95 3.05 4.95 0.12 0.12 0.46 0.06 0.08 0.37 0.42 0.57 0.77 0.70 11.10 6.04 8.05 0.04 0.04 0.01 1.99 1.98

21.78 28.95 0.32 1.02 0.37 0.01 1.05 1.38 0.16 0.22 0.08 0.06 0.11 0.15 0.18 0.24 0.05 0.09 0.34 0.25 0.58 0.45 0.15 0.00 0.16 0.22 1.82 0.20 0.30 0.33 0.28 2.66 2.00 22.47 16.97 0.43 0.33 0.33 0.14 0.24 0.05 0.08 0.20 0.28 0.90 0.07 0.05 0.64 0.89 2.33 3.19 5.15 0.27 0.20 1.12 0.22 0.27

9.71 13.25 0.02 0.44 0.10 0.00 0.40 0.56 0.10 0.08 0.01 0.00 0.04 0.05 0.09 0.09 0.03 0.05 0.01 0.03 0.08 0.14 0.01 0.00 0.02 0.03 0.38 0.05 0.19 0.08 0.05 0.72 0.50 2.90 1.92 0.10 0.07 0.05 0.01 0.03 0.03 0.03 0.04 0.03 0.06 0.02 0.01 0.22 0.32 0.15 2.66 1.95 0.09 0.09 0.40 0.05 0.08

0.58 0.91 1.19 1.08 13.49 6.59 8.59 0.04 0.05 0.08 2.15 2.12

0.13 0.29 0.46 0.41 5.82 2.82 4.08 0.00 0.01 0.00 0.58 0.55

0.67 0.50 0.10 0.15 24.73 1.84 1.89 1.46 0.18 0.48 0.08 0.06 0.08 0.82 1.27 1.65 0.74 0.50 0.54 0.07 2.12 1.65 0.85 1.11 0.13 0.09 0.07 0.08 0.51 0.36 2.00 2.62 0.11 0.08 3.70 2.67 0.48 0.23 0.05 281.82 0.14 3.80 0.28 0.36 0.05 7.78 6.00 0.44 0.57 0.39 0.12 0.09 0.09 0.18 0.57 2.33 1.77 0.18 0.63 3.43 0.41 0.31 0.06 0.08 0.00 0.29 0.15 0.12 0.20 0.14 0.21 0.16 0.08 1.25 1.00

0.07 0.04 0.04 0.05 5.33 0.20 0.24 0.02 0.17 0.21 0.03 0.02 0.04 0.13 0.63 0.50 0.22 0.14 0.19 0.02 0.46 0.38 0.04 0.06 0.04 0.02 0.02 0.03 0.04 0.03 0.52 0.71 0.03 0.02 1.00 0.03 0.37 0.05 0.05 135.08 0.03 0.51 0.08 0.12 0.02 3.10 2.51 0.10 0.14 0.06 0.03 0.02 0.05 0.04 0.39 0.76 0.53 0.01 0.14 1.28 0.05 0.03 0.02 0.03 0.00 0.02 0.05 0.03 0.05 0.05 0.09 0.06 0.02 0.06 0.01

15.00 0.26 0.39 0.00 0.02 0.05 0.07 13.47 1.30 0.94 0.02 0.64 0.30 3.65 0.08 0.10 0.12 0.42 0.15

5.00 0.04 0.06 0.00 0.01 0.01 0.02 4.06 0.10 0.07 0.01 0.11 0.07 1.00 0.02 0.03 0.03 0.15 0.01

N OV EM BER 9 – 2 2 , 2 0 2 0

/ TH E N OR TH ER N

M I N ER

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

Exc Volume

Week Low

0.04 0.04 0.04 0.04 0.06 0.06 0.27 0.32 + 1.07 1.14 0.80 0.85 0.09 0.09 unch 0.81 0.90 0.13 0.13 0.15 0.17 + 0.20 0.22 unch 1.00 1.17 unch 1.43 1.51 0.08 0.09 0.11 0.11 0.10 0.10 unch 0.45 0.48 0.35 0.36 0.35 0.37 0.47 0.48 0.47 0.51 0.63 0.68 0.13 0.14 + 0.19 0.20 + 0.19 0.23 + 0.25 0.31 + 0.00 17.53 unch 0.00 0.00 0.06 0.06 + 0.04 0.05 0.05 0.05 0.04 0.04 0.00 0.00 unch 0.29 0.33 0.39 0.40 0.24 0.25 0.15 0.15 0.07 0.08 unch 0.10 0.10 0.27 0.33 0.11 0.11 0.15 0.15 0.39 0.44 + 0.29 0.32 + 0.10 0.10 0.13 0.13 0.00 0.14 0.00 0.20 + 0.01 0.01 unch 0.01 0.01 unch 0.06 0.06 0.13 0.13 unch 0.14 0.16 0.00 0.08 0.06 0.06 0.00 0.11 0.00 0.14 17.75 18.50 0.38 0.39 0.28 0.29 0.27 0.28 0.35 0.36 0.12 0.12 0.00 0.16 unch 0.07 0.07 + 0.05 0.05 unch 0.38 0.38 -

Mexus Gold* MGX Minerals* MGX Minerals Mich Resources Midas Gold Midas Gold* Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech Mineworx Tech* Minfocus Expl Minfocus Expl* Mining Global* Minnova Corp Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Mojave Gold Monarca Mnrls* Monarca Mnrls Monarch Gold Monarch Gold* Moneta Porcpn* Moneta Porcpn Monitor Vent* Monitor Vent Montego Res* Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov Mundoro Cap* Mundoro Cap Murchison Min Murchison Min* Musgrave Min*

O O C C T O V V C O V O V O V V V O O T O V O C O V O O V O V O O V V C V O V C O V T O O T O V O C C O V V O O V N V O O T O V V O O

778 422 230 682 1558 2611 50 66 393 104 80 49 496 822 1051 140 631 618 120 110 1231 1452 138 525 186 1615 0 324 830 351 70 22 23 87 421 687 93 10 27 776 143 1195 2236 961 570 1216 1 5 2 25 299 1 46 258 110 51 82 20214 211 84 21 376 81 147 359 1 47

0.04 0.05 0.07 0.40 1.21 0.97 0.09 0.90 0.14 0.17 0.22 1.25 1.70 0.10 0.13 0.10 0.52 0.42 0.41 0.54 0.54 0.69 0.16 0.22 0.23 0.32 0.00 0.00 0.06 0.05 0.06 0.04 0.00 0.34 0.44 0.27 0.17 0.08 0.10 0.35 0.15 0.18 0.44 0.33 0.11 0.14 0.14 0.20 0.01 0.01 0.07 0.13 0.19 0.09 0.07 0.12 0.16 18.64 0.44 0.36 0.31 0.42 0.13 0.16 0.07 0.05 0.45

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* Navy Res Neo Lithium Neometals* Network Expl* Network Expl Nevada Canyon* Nevada Copper Nevada Energy* Nevada Energy Nevada Expl * Nevada Expl Nevada Sunrise* Nevada Sunrise Nevada Zinc Nevado Res New Age Metals* New Age Metals New Carolin Gd* New Carolin Gd New Destiny Mg New Dimen Res New Dimen Res* New Energy Met New Energy Met* New Found Gold New Gold New Gold* New Guinea Gld* New Jersey Mng* New Milln Iron* New Milln Iron New Oroperu New Pac Metals* New Pac Metals New Placer* New Placer New Stratus New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp Newmont Corp* Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexco Res Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals NGEx Minerals* Nickel Creek Nickel Creek* Nickel North Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Noble Metal Noble Mineral Noble Mineral* Noram Vent* Noram Vent Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res

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

29162 57 274 199 52 258 13 65 1491 50 58 304 26 15081 133 326 226 414 1075 527 408 11 192 713 160 671 208 411 424 39 1 4695 12119 29808 151 169 451 2420 33 750 746 1152 2874 353 14 1083 28 237 5 7 10 1326 6 434 34245 57 1156 424 1295 1 335 95 1243 2024 2603 1427 7782 112 41 1058 708 272 479 49 90 204 472 67 301 625 546 67 228 825 28 5 1050 108 475 33 758 1492 579 256 702 996 21 177 168 86 31 159 2988 11 41 289

0.00 21.54 0.25 0.19 12.98 0.00 3.90 0.45 1.04 0.12 0.30 0.39 1.25 0.09 0.11 0.15 0.13 0.16 0.13 0.16 0.07 0.10 0.05 0.07 0.06 0.07 0.06 0.09 0.07 0.10 0.13 4.50 2.98 2.26 0.00 0.31 0.13 0.17 2.45 4.86 6.32 0.22 0.27 0.55 0.07 0.10 2.40 0.77 0.52 29.05 22.06 0.15 0.06 83.81 62.97 0.41 0.00 0.11 0.14 7.50 6.66 0.21 2.35 1.78 0.06 0.05 0.07 0.55 0.44 0.16 0.12 0.04 0.15 0.10 1.02 1.35 0.73 0.16 0.82 0.64 0.05 0.04 0.01 0.09 0.07 0.11 0.16 0.03 25.93 0.12 0.16 0.17 0.17 0.20 1.01 1.30 0.02 0.03 0.19 0.14 0.05 0.06 0.00 0.51 0.60 0.04

Last

12-month

High

Change

Stock

0.00 0.00 0.01 0.05 0.05 0.07 0.00 0.01 0.01 0.01 0.00 0.00 0.05 0.01 0.02 0.00 0.05 0.05 0.02 0.03 0.02 0.01 0.01 0.02 0.03 0.05 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.03 0.02 0.01 0.00 0.01 0.07 0.03 0.03 0.04 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.20 0.08 0.07 0.03 0.05 0.00 0.00 0.01 0.00 0.08

0.50 0.11 0.15 0.50 2.04 1.55 0.15 1.13 0.35 0.21 0.28 1.44 1.90 0.23 0.32 0.20 0.85 0.67 0.60 0.83 0.60 0.78 0.18 0.24 0.43 0.53 18.30 0.00 0.18 0.14 0.09 5.00 0.00 0.60 0.62 0.35 0.18 0.16 0.18 0.45 0.20 0.30 0.59 0.45 0.16 0.22 0.33 0.45 0.01 0.06 0.10 0.17 0.20 0.12 0.09 0.50 0.65 22.50 0.69 0.52 0.86 1.30 0.14 0.21 0.18 0.11 0.60

0.04 0.02 0.04 0.10 0.24 0.16 0.07 0.46 0.10 0.04 0.03 0.38 0.61 0.06 0.09 0.02 0.22 0.16 0.14 0.20 0.11 0.16 0.07 0.05 0.14 0.20 9.83 0.00 0.06 0.04 0.02 0.01 0.00 0.05 0.29 0.03 0.05 0.06 0.08 0.03 0.01 0.02 0.11 0.07 0.04 0.06 0.08 0.12 0.00 0.01 0.02 0.02 0.01 0.04 0.02 0.06 0.08 6.50 0.14 0.09 0.17 0.25 0.06 0.09 0.05 0.04 0.32

0.00 1.79 0.04 0.03 0.22 0.00 0.20 0.00 0.01 0.01 0.07 0.09 0.17 0.00 0.01 0.03 0.02 0.03 0.03 0.02 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.02 0.06 1.59 0.17 0.17 0.00 0.01 0.03 0.02 0.10 0.15 0.31 0.03 0.04 0.13 0.00 0.03 0.61 0.04 0.13 1.19 0.76 0.02 0.00 4.33 2.37 0.01 0.00 0.01 0.02 0.00 0.25 0.02 0.10 0.12 0.01 0.01 0.02 0.08 0.04 0.01 0.02 0.00 0.01 0.02 0.08 0.11 0.02 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.02 0.00 2.28 0.00 0.01 0.05 0.08 0.02 0.10 0.11 0.01 0.00 0.04 0.02 0.01 0.01 0.00 0.00 0.03 0.01

0.03 50.50 0.37 0.29 27.37 0.03 3.44 0.48 1.23 0.40 0.41 0.45 4.00 0.38 0.11 0.15 0.30 0.39 0.25 0.31 0.08 0.15 0.11 0.15 0.10 0.14 0.07 0.10 0.08 0.15 0.20 4.50 2.98 2.28 0.13 0.39 0.16 0.22 2.95 5.60 7.23 0.80 0.95 0.62 0.10 0.15 2.50 0.92 0.70 31.25 26.42 0.19 0.09 96.45 72.22 0.45 0.01 0.31 0.43 14.33 10.34 0.21 2.64 2.04 0.08 0.12 0.14 0.69 0.50 0.33 0.24 0.10 0.21 0.14 2.20 2.90 0.93 0.28 1.02 0.78 0.09 0.06 0.03 0.14 0.10 0.17 0.27 0.15 35.52 0.16 0.23 0.21 0.17 0.30 2.21 2.79 0.03 0.05 0.30 0.33 0.06 0.08 0.00 3.00 1.38 0.07

0.00 17.95 0.10 0.06 8.50 0.00 0.92 0.12 0.38 0.05 0.06 0.08 0.30 0.07 0.02 0.04 0.08 0.12 0.01 0.01 0.03 0.07 0.02 0.03 0.02 0.03 0.02 0.02 0.02 0.02 0.00 1.24 0.55 0.39 0.00 0.12 0.03 0.04 0.45 1.68 2.34 0.05 0.23 0.03 0.07 0.02 0.36 0.14 0.09 28.00 11.59 0.03 0.03 44.00 33.00 0.25 0.00 0.05 0.07 3.94 2.57 0.06 0.76 0.50 0.02 0.01 0.03 0.24 0.16 0.02 0.02 0.01 0.04 0.04 0.26 0.97 0.20 0.10 0.53 0.38 0.01 0.01 0.01 0.03 0.02 0.04 0.05 0.00 18.62 0.08 0.12 0.02 0.02 0.04 0.20 0.25 0.00 0.01 0.06 0.05 0.02 0.03 0.00 0.16 0.30 0.02

Northern Light Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Norvista Cap NorZinc* NorZinc Nouveau Monde* Nouveau Monde NovaGold Res NovaGold Res* Novo Res* Novo Res NovX21* NQ Minerals Pl* NRG Metals* NRG Metals Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nthrn Sphere* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold* NV Gold O.T. Mining* O3 Mining* O3 Mining Oakley Vent OceanaGold* OceanaGold Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Odyssey Res Olivut Res* Olivut Res Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl* Opawica Expl Ophir Gold Ophir Gold* Optimum Vent* Optimum Vent Optimus Gold Opus One Gold Opus One Gold* Orbite Tech* Orca Gold* Orca Gold Orea Mining* Orea Mining Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold Orezone Gold* Orford Mining OrganiMax* OrganiMax Origen Res Origin Gold Original Sixtn* Orla Mng Ltd* Orla Mng Ltd Oro X Mining Oro X Mining* Oroco Res* Oroco Res Orocobre Oronova Energy* Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res Osisko Gold Osisko Gold* Osisko Metals Osisko Metals* Osisko Mng Inc Otso Gold* Otso Gold Outcrop Gold Outcrop Gold* OZ Minerals*

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

P2 Gold* P2 Gold Pac Bay Mnrls Pac Booker Min Pac Booker Min* Pac Cascade Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire Pacific Rim Pacific Rim* Pacific Silk* Pacific Silk Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pan Am Silver* Pan Am Silver Pan Global Res* Pan Global Res Pancontinental Pancontinental* Panex Res* Pangolin Dia Panoro Mnrls Panoro Mnrls* Pantheon Vent Para Resources Paramount Gold* Paringa Res* Pasinex Res Pasofino Gold* Pasofino Gold Patriot Gold Patriot Gold* Peabody Enrgy* Pedro Res Pelangio Expl* Pelangio Expl Peloton Mnrls Peloton Mnrls* PepinNini Lith* Perseus Mng Pershimex Res Pershing Res* Peruvian Metal* Peruvian Metal Philex Mng* Phoenix Global* Phoenix Gold Pine Cliff En* Pine Cliff En Pistol Bay Mng* Pistol Bay Mng Pivit Explor

O V V V O V V V O O V C O O V V O V O O V O V O D T O V V O O V V O V V X O C O V C O N V O V C O O T V O O V O O V O T O V C

N-O 0.00 18.80 0.20 0.14 11.99 0.00 2.00 0.44 0.92 0.11 0.23 0.29 0.00 0.07 0.09 0.13 0.10 0.14 0.10 0.13 0.00 0.10 0.04 0.06 0.04 0.06 0.05 0.08 0.05 0.08 0.00 2.80 2.56 1.92 0.00 0.28 0.11 0.14 2.13 3.90 5.18 0.16 0.23 0.35 0.00 0.07 1.05 0.69 0.00 0.00 20.00 0.13 0.00 77.70 58.29 0.37 0.00 0.09 0.11 7.37 5.39 0.15 2.16 1.62 0.05 0.04 0.05 0.48 0.40 0.13 0.09 0.00 0.12 0.09 0.91 1.22 0.57 0.13 0.77 0.57 0.04 0.03 0.01 0.08 0.06 0.09 0.12 0.00 23.23 0.11 0.15 0.11 0.09 0.19 0.80 1.07 0.02 0.03 0.16 0.00 0.03 0.00 0.00 0.39 0.00 0.04

0.00 + 19.49 0.21 0.16 12.25 + 0.00 2.04 0.45 unch 1.00 + 0.11 + 0.23 0.31 1.00 0.08 unch 0.11 + 0.15 + 0.11 0.14 0.10 0.15 0.07 + 0.10 unch 0.05 0.06 0.05 0.06 0.05 unch 0.09 + 0.06 0.08 0.13 + 4.48 + 2.70 2.03 0.00 + 0.29 + 0.13 + 0.17 + 2.20 4.48 + 5.97 + 0.18 0.23 0.38 0.07 0.08 1.66 + 0.73 0.52 28.01 21.46 0.14 0.06 unch 83.64 + 62.84 + 0.41 + 0.00 + 0.09 0.12 7.37 unch 6.05 + 0.15 + 2.23 1.67 0.05 0.04 0.06 0.48 0.40 0.15 0.10 0.04 unch 0.12 0.09 0.93 1.24 0.70 + 0.13 0.80 unch 0.60 0.04 0.03 0.01 unch 0.09 0.07 0.11 0.14 0.02 23.75 0.12 + 0.16 + 0.12 0.09 0.20 0.89 1.18 0.02 + 0.03 unch 0.17 0.13 0.03 0.05 0.00 unch 0.39 0.53 0.04 +

(100s)

High Low

Exc Volume

(100s) Stock

Week High

Low

501 105 323 3 115 30 97 589 1876 646 4838 1241 6043 1061 1698 28 134 1 48 119 205 2 18 1024 521 426 617 667 12 520 2672 28864 3 569 275 113 4182 2472 7016 6230 391 608 41 48 204 162 0 11937 130 107 1411 228 405 13 21 735 1082 165 27 27 153 242 60 50 13 0 130 2 40 142 1269 218 457 1614 1157 178 353 678 483 721 1 155 221 34 293 638 6300 352 0 634 786 173 160 740 23 9 252 192 301 2097 3511 343 19 2915 168 1892 1829 449 6

0.09 0.01 0.17 0.13 0.28 0.21 0.17 0.06 0.08 0.33 0.43 14.61 11.10 2.69 3.55 0.00 0.10 0.22 0.34 0.28 0.20 0.39 0.05 0.06 0.68 0.51 0.54 0.62 0.37 0.05 1.36 1.04 0.02 0.36 0.01 0.01 0.21 0.16 41.33 54.79 0.28 0.36 0.05 2.20 2.90 0.18 1.51 2.02 0.20 0.16 0.60 0.46 0.05 0.04 0.05 0.36 0.28 0.08 0.06 0.10 0.13 0.18 0.13 0.29 0.50 0.00 0.08 0.06 0.00 0.51 0.70 0.10 0.14 0.18 0.08 0.15 0.19 0.88 0.66 0.17 0.06 0.10 0.15 0.25 0.13 4.12 5.50 0.78 0.00 0.98 1.29 2.50 0.05 0.57 0.35 0.26 0.30 0.23 1.30 16.04 12.18 0.40 0.31 3.82 0.05 0.06 0.40 0.31 11.20

0.07 0.01 0.16 0.00 0.24 0.00 0.00 0.05 0.06 0.24 0.32 13.40 10.02 2.34 3.10 0.00 0.09 0.00 0.00 0.23 0.16 0.39 0.03 0.05 0.49 0.38 0.40 0.52 0.36 0.00 1.10 0.82 0.00 0.29 0.01 0.00 0.17 0.12 39.31 52.26 0.19 0.25 0.04 2.00 2.65 0.13 0.00 1.62 0.17 0.14 0.52 0.39 0.05 0.03 0.05 0.30 0.23 0.00 0.05 0.09 0.12 0.15 0.00 0.29 0.50 0.00 0.06 0.06 0.00 0.38 0.50 0.08 0.12 0.13 0.06 0.12 0.16 0.81 0.61 0.14 0.06 0.00 0.13 0.00 0.06 3.58 4.77 0.64 0.00 0.86 1.15 2.28 0.05 0.45 0.00 0.24 0.24 0.19 1.22 14.48 10.85 0.37 0.28 3.45 0.04 0.05 0.34 0.26 10.36

27 213 21 7 5 57 49 52 4 15 332 332 41 5 68 277 1703 138 48 147 26 75 5162 748 10231 2086 88 1999 317 69 50 11 342 6 5 182 589 110 3 25 692 100 803 10198 44 1 136 22 29 49 127 52 745 18 2186 26 14 35 235 926 670 2414 126

0.31 0.42 0.15 1.59 1.20 0.13 0.03 0.07 0.04 0.00 0.11 0.39 0.32 0.03 0.02 1.26 0.10 0.24 0.19 0.68 0.02 0.01 0.22 0.17 33.94 44.72 0.45 0.68 0.12 0.09 0.00 0.03 0.13 0.05 0.07 0.51 1.18 0.02 0.01 0.13 0.18 0.18 0.13 1.60 0.13 0.13 0.17 0.12 0.09 0.15 1.21 0.05 0.02 0.04 0.05 0.08 0.64 0.20 0.22 0.30 0.03 0.04 0.38

Last

12-month Change

High Low

0.07 0.01 unch 0.16 0.13 + 0.24 0.21 + 0.15 0.05 0.07 0.28 + 0.38 + 13.81 10.36 2.43 3.21 0.00 unch 0.09 unch 0.22 0.31 0.25 + 0.20 + 0.39 unch 0.04 + 0.06 unch 0.64 + 0.48 + 0.42 0.55 0.36 + 0.05 + 1.19 0.89 0.02 unch 0.29 0.01 unch 0.01 + 0.18 0.13 40.68 54.16 0.22 0.30 0.05 + 2.15 2.90 + 0.15 1.34 1.74 0.19 + 0.14 0.56 0.39 0.05 unch 0.04 + 0.05 unch 0.32 0.24 0.08 + 0.06 + 0.10 + 0.12 0.15 0.13 0.29 unch 0.50 + 0.15 unch 0.08 unch 0.06 unch 0.00 unch 0.39 0.52 0.10 0.13 0.13 0.07 0.13 + 0.17 0.87 unch 0.65 0.15 0.06 unch 0.10 + 0.13 0.24 0.07 4.03 5.37 0.70 0.68 unch 0.88 1.16 2.39 0.05 unch 0.49 0.35 + 0.25 + 0.24 0.19 1.23 14.90 11.18 0.38 0.28 3.67 0.04 0.05 0.35 0.26 10.68 -

0.01 0.00 0.01 0.00 0.03 0.01 0.02 0.02 0.02 0.03 0.05 0.32 0.40 0.27 0.34 0.00 0.00 0.02 0.04 0.01 0.03 0.00 0.01 0.00 0.06 0.05 0.05 0.07 0.01 0.01 0.15 0.14 0.00 0.07 0.00 0.00 0.01 0.02 0.89 0.41 0.05 0.06 0.01 0.06 0.03 0.01 0.17 0.23 0.02 0.01 0.04 0.06 0.00 0.01 0.00 0.03 0.02 0.01 0.00 0.01 0.01 0.04 0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.15 0.17 0.00 0.01 0.05 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.02 0.02 0.04 0.06 0.11 0.09 0.07 0.00 0.08 0.09 0.11 0.00 0.07 0.04 0.03 0.06 0.03 0.06 0.77 0.75 0.02 0.02 0.03 0.01 0.01 0.01 0.02 0.60

0.11 0.02 0.22 0.14 0.55 0.38 0.19 0.09 0.12 0.33 0.43 18.00 12.85 3.30 4.16 0.00 0.13 0.37 0.66 0.35 0.28 0.45 0.25 0.18 0.99 0.76 0.57 0.72 0.69 0.15 3.28 2.49 0.05 0.69 0.02 0.03 0.24 0.19 50.78 66.74 0.38 0.48 0.10 3.88 3.68 0.25 2.86 4.01 0.24 0.18 0.70 0.52 0.06 0.08 0.09 0.75 0.55 0.15 0.12 0.11 0.24 0.22 0.17 0.29 0.50 0.15 0.12 0.08 0.16 0.55 0.73 0.18 0.25 0.26 0.28 0.24 0.31 1.27 1.01 0.24 0.13 0.14 0.27 0.37 0.25 5.36 7.51 0.90 0.68 1.04 1.32 3.52 0.06 0.70 0.45 0.33 0.32 0.26 1.65 17.50 13.31 0.57 0.42 4.85 0.08 0.11 0.88

0.02 0.01 0.01 0.01 0.19 0.20 0.04 0.01 0.02 0.09 0.13 6.40 4.65 1.00 1.41 0.00 0.05 0.04 0.24 0.06 0.04 0.11 0.02 0.05 0.07 0.05 0.11 0.15 0.06 0.03 0.50 0.35 0.00 0.07 0.01 0.00 0.03 0.02 23.85 34.80 0.05 0.07 0.02 0.64 1.06 0.12 0.81 1.16 0.04 0.04 0.04 0.03 0.02 0.02 0.03 0.05 0.03 0.03 0.02 0.03 0.05 0.06 0.07 0.29 0.15 0.01 0.02 0.03 0.00 0.15 0.20 0.06 0.09 0.04 0.03 0.03 0.04 0.22 0.14 0.02 0.03 0.04 0.13 0.05 0.02 1.10 1.45 0.23 0.17 0.05 0.20 1.60 0.05 0.03 0.10 0.09 0.11 0.09 0.43 6.35 4.65 0.24 0.17 1.67 0.02 0.02 0.09

0.27 0.31 + 0.00 0.42 + 0.10 0.15 unch 1.51 1.59 + 1.15 1.20 + 0.13 0.13 + 0.00 0.03 unch 0.00 0.07 0.00 0.04 0.00 0.00 unch 0.07 0.08 0.26 0.28 0.20 0.23 0.03 0.03 unch 0.02 0.02 unch 1.01 1.11 0.08 0.09 + 0.21 0.21 0.15 0.15 0.48 0.57 0.02 0.02 unch 0.01 0.01 unch 0.18 0.18 0.12 0.14 29.81 31.80 39.90 42.34 0.38 0.45 + 0.55 0.58 0.09 0.10 unch 0.07 0.07 0.00 0.00 unch 0.00 0.03 unch 0.11 0.12 unch 0.05 0.05 0.07 0.07 unch 0.37 0.39 1.04 1.06 0.00 0.02 0.01 0.01 unch 0.01 0.12 0.15 0.16 0.18 0.18 unch 0.11 0.12 + 1.17 1.29 0.11 0.11 0.12 0.13 unch 0.15 0.15 0.11 0.12 unch 0.08 0.09 0.13 0.15 unch 1.11 1.16 0.05 0.05 + 0.01 0.01 + 0.02 0.02 0.04 0.04 0.08 0.08 0.00 0.54 0.00 0.18 0.21 0.21 0.26 0.28 + 0.02 0.02 0.03 0.03 0.36 0.36 -

0.00 0.03 0.00 0.09 0.04 0.01 0.00 0.01 0.01 0.00 0.04 0.23 0.06 0.00 0.00 0.11 0.00 0.03 0.03 0.11 0.00 0.00 0.03 0.01 1.45 1.37 0.05 0.02 0.00 0.01 0.00 0.00 0.00 0.04 0.00 0.14 0.11 0.01 0.00 0.01 0.03 0.00 0.00 0.28 0.02 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.11 0.02 0.01 0.01 0.01 0.01 0.02

0.59 0.90 0.19 2.87 2.07 0.16 0.08 0.09 0.07 0.01 0.21 0.63 0.53 0.03 0.03 1.81 0.14 0.34 0.26 1.82 0.04

0.10 0.05 0.05 1.12 0.84 0.03 0.01 0.03 0.02 0.00 0.03 0.09 0.06 0.00 0.01 0.35 0.03 0.09 0.06 0.25 0.01

0.25 0.49 40.11 53.30 0.56 0.72 0.13 0.20 0.00 0.08 0.17 0.13 0.09 1.90 1.48 0.19 0.04 0.31 0.42 0.19 0.14 11.10 0.19 0.20 0.27 0.12 0.09 0.15 1.52 0.10

0.05 0.03 10.61 14.22 0.05 0.06 0.02 0.01 0.00 0.02 0.07 0.04 0.01 0.10 0.47 0.00 0.01 0.01 0.04 0.05 0.02 1.17 0.09 0.08 0.11 0.04 0.03 0.00 0.45 0.02

0.06 0.08 0.10 0.70 0.25 0.22 0.30 0.05 0.07 0.42

0.01 0.03 0.02 0.06 0.01 0.04 0.05 0.00 0.01 0.12

11.28 3.48

P-Q

Exc Volume

Week Low

95.25 99.80 0.11 0.15 + 0.05 0.05 unch 0.07 0.08 unch 0.21 0.22 0.15 0.16 0.05 0.05 unch 0.05 0.06 2.26 2.36 1.72 1.77 0.03 0.03 0.10 0.10 0.07 0.08 3.31 3.38 4.43 4.44 0.00 0.00 + 0.00 0.00 unch 0.10 0.11 unch 0.05 0.08 0.02 0.02 0.03 0.03 0.00 0.06 0.00 0.04 unch 0.17 0.19 0.23 0.26 0.04 0.04 unch 0.05 0.05 0.18 0.18 0.24 0.24 2.65 2.74 0.00 0.00 11.37 12.18 15.19 16.25 1.08 1.10 1.40 1.43 0.04 0.04 unch 0.26 0.28 + 0.07 0.07 1.18 1.25 1.55 1.69 0.05 0.06 + 0.04 0.04 unch 0.45 0.45 + 0.00 6.32 unch 0.00 0.11 unch 0.54 0.61 unch 0.16 0.16 0.14 0.14 unch 0.08 0.14 + 0.08 0.08 unch 0.00 0.00 unch 0.61 0.72 0.51 0.51 0.02 0.02 0.12 0.13 0.15 0.17 0.00 0.02 0.10 0.11 0.13 0.13 1.71 1.75 2.26 2.33 + 0.04 0.04 0.40 0.40 0.12 0.13 + 0.15 0.17 0.20 0.22 0.13 0.15 0.10 0.11 0.16 0.17 0.21 0.22 0.15 0.16 0.11 0.12 0.10 0.11 0.13 0.15 0.03 0.03 0.00 0.14 unch 0.11 0.11 + 0.07 0.09 + 0.06 0.06 + 0.00 0.01 0.55 0.55 -

PJSC Polyus Gd* O PJX Res V Plata Latina V Plate Res V Plateau Energy V Plateau Energy* O Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portage Res* O Portex Mnrls* O Portofino Res V Portofino Res* O Potash Ridge* O Potash Ridge T Power Group V Power Group* O Power Metals* O Power Metals V PPX Mining* O PPX Mining V Precipitate Gl* O Precipitate Gl V Premier Gold M T Premium Expl* O Pretium Res* N Pretium Res T Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Project One C Promithian Gl * O Prophecy Pot C Prosper Gold V Prospero Silvr V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res V QC Copper V QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V QMX Gold V QMX Gold* O Quadro Res* O Quadro Res V Quantum Cobalt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quest Rare Mnl* O Questex Gold V

5 770 30 437 90 165 100 1662 169 1594 800 903 68 1600 20 507 1 1529 190 99 912 256 0 2192 857 9 801 551 357 2133 115 10490 2224 193 1895 21 73 295 121 269 211 3 22 0 104 372 29 1 90 401 0 965 97 4331 105 484 180 693 450 2436 4696 933 388 3556 131 627 706 38 465 313 3666 329 81 926 68 1 1 279 246 574 92

112.63 0.16 0.05 0.08 0.23 0.19 0.05 0.07 2.70 2.04 0.04 0.14 0.09 3.84 5.05 0.00 0.00 0.12 0.10 0.03 0.03 0.07 0.00 0.24 0.29 0.04 0.06 0.20 0.26 2.90 0.00 12.85 17.31 1.29 1.72 0.04 0.30 0.08 1.38 1.78 0.06 0.04 0.50 0.00 0.16 0.61 0.17 0.14 0.14 0.08 0.00 0.80 0.55 0.03 0.15 0.19 0.02 0.12 0.15 1.97 2.59 0.05 0.55 0.16 0.17 0.23 0.19 0.14 0.20 0.25 0.18 0.14 0.25 0.17 0.04 0.00 0.11 0.10 0.07 0.02 0.65

Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rae-Wallace Mg* Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Red Eagle Mng* Red Moon Res Red Pine Expl Regis Res NL* Regulus Res Remington Res Renforth Res Renforth Res* Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revelo Res Revival Gold * Revival Gold Reyna Silver Reyna Silver* Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold Rimrock Gold* Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited* Rio2 Limited Rise Gold Corp Rise Gold Corp* Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockridge Res Rockshield Cap* Rockwealth Res Rockwealth Res* Rodinia Lithm Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals* Rover Metals Roxgold Roxgold* Royal Gold Royal Gold* Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

V O V V O C C O V O O V C O V V O V V C O V O O V V O V V O V V V O V V O V O O N O O V C O V O O V V O V O V O C C O V V O V O V V O O V V O O V V O V T O V O D O V O V T V O V V O V O

126 1 1017 621 5 350 197 80 621 0 629 1216 75 100 181 1811 18 473 225 2015 27 190 44 159 299 173 633 380 974 452 323 913 312 60 386 290 2090 598 133 80 13647 0 871 470 45 44 481 503 136 282 348 5 3 6 54 13 1689 345 47 227 194 376 63 36 1549 10 1891 38 239 533 208 258 1147 149 25 523 4740 326 108 3 1560 50 220 1 240 239 135 1 77 232 40 1166 25

0.18 0.12 0.34 0.30 0.28 0.06 0.24 5.04 0.09 0.00 0.66 0.06 0.07 0.01 0.13 0.05 3.38 1.40 0.20 0.07 0.06 0.08 0.00 0.08 0.10 0.20 0.78 1.00 0.98 0.82 0.50 0.06 0.43 0.07 0.09 0.39 0.00 0.09 0.07 58.58 59.02 65.86 0.65 0.84 0.99 0.75 0.28 0.22 0.15 0.19 0.50 0.06 0.09 0.66 0.86 0.06 0.07 0.03 0.13 0.17 0.16 0.06 0.10 0.08 0.14 0.00 0.43 0.21 0.29 0.05 0.04 0.31 0.39 0.20 0.06 0.08 1.82 1.39 0.36 0.26 122.49 0.00 0.35 0.15 0.09 0.20 0.11 0.02 0.04 5.56 4.30 0.04 0.03

Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res*

O T O

998 2424 256

2.05 2.70 0.15

Last

12-month

High

Change

0.16 0.00 0.30 0.26 0.20 0.05 0.19 4.00 0.08 0.00 0.53 0.05 0.07 0.00 0.08 0.00 2.93 1.18 0.20 0.06 0.05 0.08 0.00 0.06 0.08 0.17 0.63 0.86 0.84 0.64 0.45 0.05 0.38 0.06 0.08 0.36 0.00 0.07 0.06 0.00 55.39 0.00 0.58 0.77 0.90 0.00 0.23 0.17 0.12 0.16 0.47 0.06 0.00 0.00 0.00 0.00 0.06 0.03 0.10 0.14 0.14 0.06 0.08 0.08 0.08 0.00 0.30 0.18 0.26 0.05 0.03 0.20 0.33 0.19 0.04 0.06 1.65 1.24 0.00 0.22 114.72 0.00 0.32 0.00 0.00 0.19 0.10 0.02 0.03 4.94 3.70 0.04 0.03

Stock

11.20 0.03 0.00 0.00 0.01 0.00 0.00 0.01 0.32 0.28 0.01 0.04 0.02 0.41 0.51 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.03 0.03 0.00 0.01 0.02 0.02 0.10 0.00 0.34 0.20 0.19 0.21 0.00 0.02 0.01 0.07 0.04 0.01 0.00 0.05 0.00 0.00 0.00 0.03 0.00 0.03 0.00 0.00 0.05 0.08 0.00 0.01 0.02 0.01 0.01 0.03 0.00 0.03 0.01 0.15 0.01 0.01 0.01 0.02 0.03 0.02 0.02 0.02 0.02 0.05 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.12

128.00 0.18 0.06 0.16 0.40 0.28 0.08 0.13 3.86 2.98 0.05 0.21 0.15 9.70 13.00 0.00 0.00 0.26 0.25 0.05 0.07 0.10 0.07 0.40 0.54 0.06 0.10 0.30 0.41 3.10 0.00 14.55 19.13 1.67 2.17 0.04 0.88 0.15 1.50 1.95 0.11 0.08 0.60 9.78 0.20 0.85 0.49 0.32 0.17 0.17 0.17 1.50 0.68

43.41 0.01 0.01 0.02 0.16 0.08 0.01 0.01 1.25 0.86 0.02 0.02 0.01 1.50 2.45 0.00 0.00 0.02 0.02 0.01 0.02 0.03 0.02 0.03 0.04 0.02 0.04 0.04 0.05 0.85 0.00 4.05 6.25 0.14 0.25 0.01 0.20 0.05 0.37 0.54 0.02 0.01 0.12 1.80 0.02 0.25 0.10 0.14 0.08 0.06 0.02 0.61 0.59

0.16 0.21 0.30 0.24 0.24 2.12 2.79 0.08 0.65 0.16 0.29 0.39 0.50 0.30 0.20 0.27 0.38 0.27 0.25 0.33 0.06 0.24 0.18 0.15 0.11 0.04 0.90

0.03 0.04 0.01 0.02 0.03 0.27 0.38 0.03 0.14 0.03 0.10 0.14 0.04 0.13 0.03 0.06 0.04 0.03 0.10 0.02 0.01 0.05 0.04 0.02 0.02 0.00 0.25

0.28 0.20 0.40 0.38 0.90 0.15 0.35 7.60 0.18 0.12 1.25 0.10 0.10 0.03 0.24 0.07 4.38 1.74 0.35 0.09 1.00 0.16 0.00 0.18 0.23 0.29 1.13 1.45 1.74 1.35 0.51 0.08 0.74 0.27 0.30 0.45 0.00 0.10 0.08 66.30 66.55 73.85 0.78 1.03 1.10 0.83 0.54 0.40 0.24 0.32 0.56 0.07 0.09 0.83 1.14 0.10 0.14 0.05 0.19 0.25 0.23 0.08 0.19 1.00 0.25 0.10 1.00 0.50 0.60 0.08 0.06 0.50 0.55 0.36 0.15 0.10 1.92 1.48 0.60 0.43 147.64 0.00 0.48 1.24 0.14 0.22 0.19 0.07 0.08 6.20 8.70 0.08 0.06

0.08 0.00 0.09 0.11 0.00 0.05 0.07 0.22 0.04 0.00 0.33 0.05 0.04 0.00 0.03 0.02 1.80 0.47 0.07 0.03 0.01 0.05 0.00 0.04 0.05 0.05 0.24 0.33 0.50 0.44 0.04 0.03 0.38 0.06 0.08 0.11 0.00 0.01 0.02 34.85 35.35 41.50 0.11 0.14 0.30 0.31 0.10 0.06 0.07 0.09 0.10 0.02 0.03 0.35 0.37 0.03 0.04 0.02 0.04 0.06 0.07 0.01 0.02 0.00 0.02 0.02 0.11 0.03 0.04 0.02 0.01 0.05 0.10 0.06 0.00 0.03 0.56 0.05 0.17 0.16 59.78 0.00 0.13 0.03 0.02 0.04 0.05 0.01 0.01 0.53 0.43 0.03 0.02

Sable Res Sage Gold* Sailfish Rylty Saint Jean* Saint Jean Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Marco Res* San Marco Res Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandspring Res* Sandstorm Gold Sandstorm Gold* Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Mtls* Sego Res Select Sands Sennen Potash* Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Serengeti Res Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Madre Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar Silver Dollar* Silver Eleph Silver Eleph* Silver Fields* Silver Grail Silver Mtn Mns Silver Mtn Mns* Silver One Silver One* Silver Predatr Silver Predatr* Silver Range Silver Range* Silver Sands Silver Sands* Silver Scott* Silver Spruce* Silver Spruce Silver Viper Silver Viper* Silver Wolf Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverstar Res* Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res Skeena Res* SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Sokoman Min* Sokoman Min Solaris Res Solaris Res* Soldera Mining SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold South32* Southern Arc* Southern Arc Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* Spearmint Res* Spearmint Res Spey Resources Sphinx Res Spruce Ridge R SRG Mining SRHI Inc SRHI Inc* SSR Mining SSR Mining* St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Standard Graph* Standard Lith Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak Exp* Starr Peak Exp Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Stevens Gold Stone Gold Stornoway Diam* Straightup Res

0.17 0.12 0.31 0.28 0.20 0.05 0.24 4.94 0.09 0.00 0.59 0.05 0.07 0.00 0.08 0.04 3.01 1.19 0.20 0.07 0.05 0.08 0.00 0.08 0.10 0.18 0.69 0.92 0.89 0.66 0.50 0.06 0.39 0.06 0.08 0.36 0.00 0.08 0.06 55.50 56.77 65.86 0.60 0.81 0.95 0.75 0.24 0.17 0.14 0.17 0.47 0.06 0.09 0.66 0.82 0.06 0.07 0.03 0.12 0.15 0.14 0.06 0.08 0.08 0.09 0.09 0.32 0.20 0.26 0.05 0.04 0.26 0.37 0.19 0.05 0.07 1.73 1.30 0.36 0.22 118.81 0.00 0.34 0.15 0.08 0.19 0.10 0.02 0.03 5.12 3.94 0.04 0.03

unch + unch unch unch + unch unch unch unch + + unch unch unch + unch unch unch unch + unch unch unch + + unch unch + unch unch -

0.00 0.00 0.02 0.01 0.08 0.01 0.02 0.16 0.00 0.00 0.02 0.01 0.00 0.00 0.02 0.01 0.39 0.23 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.07 0.08 0.07 0.07 0.01 0.00 0.01 0.01 0.01 0.04 0.00 0.01 0.01 4.19 2.83 4.29 0.04 0.03 0.00 0.08 0.04 0.03 0.00 0.02 0.02 0.00 0.00 0.14 0.04 0.00 0.01 0.00 0.01 0.01 0.02 0.01 0.00 0.00 0.05 0.00 0.01 0.00 0.03 0.01 0.00 0.03 0.01 0.02 0.00 0.01 0.03 0.04 0.02 0.04 3.18 0.00 0.03 0.00 0.03 0.01 0.00 0.00 0.01 0.57 0.40 0.01 0.00

1.88 2.52 0.13

0.08 0.06 0.01

S 1.75 2.35 0.12

2.42 0.51 3.06 0.71 0.19 0.03

W . N OR TH ER N M I N ER . COM

(100s)

High Low

Exc Volume

V O V O V O V O V O O O V V O O V O T N V V O C O O V V V O T V O C O V O V T N O C V O O O V O V V O O C T O V T V O N O V O V T X V O V O T O T C O T O O V V O V O V O V O C O O O V V O V T X X T O O O V C O C O T O V V O V O O V C O V V O C O T T X V V O V O O V N O V V O V V O V O O C C V V V T O T D T C O V O V O V O O V O T O O O T O V O O V V T O C V O C

1144 83 242 89 1898 28 183 58 153 126 137 3 156 321 11 147 10 238 1833 10071 988 297 3 2273 21 25 1399 338 387 95 396 986 453 200 969 1868 4 35 284 1467 2 26 59 2 25 312 105 126 261 232 0 1001 1260 18 13 680 2140 365 8 11019 259 1707 100 2 152 609 79 370 262 97 150 300 220 369 154 2654 1636 0 49 6 3 2086 1506 57 22 58 14 1230 104 10 50 184 524 159 270 3665 6645 2866 1359 34 12 24 540 1205 416 2681 308 1856 528 259 1854 384 576 318 2 680 211 423 2154 345 69 119 79 339 60 1783 242 169 52 155 22 5 104 5520 4 379 516 515 84 1315 1501 590 160 509 3838 239 678 553 109 36 58 2312 6529 1740 1297 33 24 8 180 456 2259 81 4 868 533 866 136 0 91 156 27 536 1 41 643 26 289 23 38 106 1301 79

Week

12-month

High

Low

Last

Change

0.19 0.00 1.23 0.03 0.03 0.27 0.33 0.45 0.13 0.10 0.01 0.20 0.26 0.31 0.23 0.20 0.25 2.76 10.90 8.27 0.29 0.39 0.00 1.00 0.72 0.10 0.16 0.10 0.05 0.10 0.13 0.17 0.13 0.11 0.29 0.39 0.29 0.38 26.00 19.75 0.38 0.52 0.05 0.04 0.06 0.01 0.08 0.00 0.03 0.02 0.00 0.66 0.85 1.71 1.20 0.35 0.27 0.10 2.95 12.75 0.04 0.09 0.07 0.11 2.55 1.94 2.80 0.05 0.07 0.12 0.15 0.66 0.89 1.71 1.31 0.42 0.34 0.00 0.22 0.34 0.22 0.59 0.45 0.26 0.27 0.23 0.18 0.26 0.20 0.10 0.05 0.06 0.46 0.35 0.18 9.79 7.44 9.51 12.52 0.04 0.02 0.12 0.15 0.20 0.15 0.07 0.05 2.65 2.07 0.34 0.16 0.12 0.17 0.13 0.07 0.11 0.09 0.13 0.17 4.94 3.68 0.50 0.50 0.66 0.61 0.46 0.07 0.06 0.22 0.27 1.56 0.22 0.89 52.98 0.25 0.29 0.53 0.41 0.05 0.45 0.34 0.07 0.05 0.05 0.06 0.12 0.02 0.10 0.47 0.23 0.18 25.74 19.53 0.08 0.09 0.08 0.21 0.16 0.37 0.07 2.29 0.04 0.12 0.15 0.01 0.17 0.12 0.00 0.25 0.32 1.38 1.83 0.15 0.04 0.05 0.08 2.45 1.86 0.32 0.16 0.00 0.30

0.16 0.00 1.12 0.02 0.00 0.24 0.00 0.39 0.12 0.09 0.00 0.17 0.24 0.24 0.22 0.17 0.24 2.44 9.69 7.28 0.24 0.33 0.00 0.70 0.62 0.10 0.11 0.09 0.04 0.08 0.11 0.14 0.10 0.11 0.22 0.28 0.00 0.00 24.48 18.32 0.33 0.00 0.05 0.04 0.05 0.01 0.07 0.00 0.03 0.02 0.00 0.47 0.62 1.45 1.16 0.30 0.24 0.10 0.00 11.02 0.04 0.08 0.06 0.11 2.28 1.72 2.49 0.04 0.06 0.10 0.13 0.49 0.65 1.46 1.11 0.38 0.29 0.00 0.18 0.00 0.22 0.50 0.37 0.00 0.18 0.00 0.17 0.22 0.16 0.00 0.04 0.00 0.38 0.30 0.15 8.53 6.36 8.44 11.26 0.03 0.00 0.11 0.13 0.15 0.11 0.06 0.05 2.32 1.74 0.30 0.12 0.09 0.15 0.11 0.07 0.10 0.07 0.11 0.15 4.30 3.35 0.45 0.43 0.57 0.54 0.42 0.00 0.05 0.19 0.24 1.43 0.15 0.86 49.90 0.25 0.25 0.45 0.33 0.04 0.41 0.30 0.06 0.04 0.04 0.05 0.10 0.02 0.09 0.42 0.00 0.14 23.32 17.40 0.07 0.06 0.04 0.17 0.16 0.00 0.05 1.90 0.00 0.12 0.12 0.00 0.15 0.11 0.00 0.21 0.27 1.30 1.74 0.15 0.03 0.04 0.07 1.90 1.42 0.29 0.14 0.00 0.00

0.17 0.00 1.19 + 0.02 0.03 unch + 0.27 0.29 0.40 0.12 0.09 0.00 0.19 0.25 0.25 + 0.23 0.19 0.25 unch 2.62 9.84 7.40 0.26 0.35 0.00 0.85 0.63 0.10 unch 0.14 0.09 + 0.05 0.09 0.12 0.14 0.11 + 0.11 0.25 0.33 + 0.26 0.35 + 25.68 19.26 + 0.38 + 0.50 0.05 unch 0.04 unch 0.05 0.01 + 0.08 0.00 unch 0.03 unch 0.02 unch 0.31 unch 0.51 + 0.68 1.50 1.16 0.30 0.25 0.10 unch 2.95 11.87 + 0.04 0.08 0.06 0.11 unch 2.50 1.85 2.70 + 0.05 + 0.07 0.10 0.14 0.60 0.74 1.47 1.12 0.40 0.29 0.00 unch 0.20 + 0.34 0.22 unch 0.52 0.39 0.25 + 0.21 0.22 0.18 0.24 0.18 + 0.08 0.05 0.06 0.41 0.31 0.16 8.98 6.75 9.07 12.05 0.03 + 0.02 0.11 0.15 unch 0.17 0.14 0.07 unch 0.05 2.37 1.77 0.31 + 0.14 + 0.11 0.16 0.12 0.07 unch 0.10 0.08 + 0.13 0.17 unch + 4.90 3.61 + 0.46 0.43 + 0.60 0.58 unch 0.42 0.06 0.05 + 0.19 0.27 unch 1.43 0.19 0.89 unch + 52.34 0.25 unch 0.25 0.48 0.35 + 0.05 + 0.44 + 0.33 0.06 unch 0.05 unch 0.04 0.06 unch 0.11 0.02 unch 0.10 unch + 0.45 0.22 0.17 24.66 18.51 0.07 unch + 0.08 + 0.08 0.18 0.16 unch + 0.30 0.06 2.00 + 0.04 0.12 0.13 + 0.01 0.16 unch 0.11 0.05 unch 0.21 0.29 1.36 1.83 unch 0.15 unch 0.03 0.04 0.07 2.21 1.68 0.32 unch + 0.15 0.00 0.26

0.02 0.00 0.04 0.01 0.00 0.03 0.04 0.01 0.02 0.01 0.01 0.01 0.02 0.04 0.00 0.01 0.00 0.12 0.87 0.76 0.02 0.04 0.00 0.16 0.10 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.00 0.03 0.32 0.08 0.03 0.04 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.03 0.01 0.16 0.25 0.04 0.02 0.00 0.23 0.92 0.00 0.01 0.01 0.00 0.03 0.04 0.06 0.01 0.01 0.01 0.01 0.08 0.14 0.18 0.15 0.02 0.02 0.00 0.02 0.05 0.00 0.07 0.05 0.03 0.00 0.02 0.00 0.01 0.01 0.00 0.00 0.01 0.05 0.03 0.01 0.69 0.63 0.31 0.24 0.01 0.02 0.01 0.00 0.03 0.02 0.00 0.00 0.28 0.26 0.01 0.01 0.01 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.25 0.04 0.01 0.02 0.02 0.00 0.03 0.01 0.01 0.00 0.00 0.10 0.08 0.00 0.39 0.00 0.04 0.05 0.05 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.60 0.72 0.00 0.01 0.03 0.02 0.00 0.02 0.00 0.27 0.01 0.02 0.03 0.01 0.00 0.00 0.00 0.03 0.03 0.04 0.00 0.00 0.01 0.01 0.01 0.23 0.19 0.00 0.02 0.00 0.06

High Low

0.24 0.00 1.57 0.04 0.04 0.28 0.36 0.57 0.29 0.22 0.02 0.26 0.38 0.40 0.32 0.31 0.40 3.51 14.22 10.63 0.39 0.51 0.00 1.24 0.92 0.14 0.20 0.17 0.06 0.11 0.15 0.22 0.17 0.25 0.46 0.53 0.54 0.90 27.50 20.73 0.51 0.71 0.06 0.04 0.10 0.07 0.14 0.04 0.07 0.05 0.31 0.56 0.85 2.06 1.55 0.38 0.30 0.25 5.00 13.89 0.08 0.11 0.09 0.20 3.67 2.75 3.00 0.08 0.10 0.18 0.24 0.76 1.40 2.00 2.51 0.59 0.45 0.00 0.35 0.53 0.40 0.87 0.67 0.40 0.34 0.28 0.21 0.49 0.37 0.30 0.48 0.12 0.85 2.21 0.24 11.62 8.91 11.12 14.88 0.16 0.09 0.20 0.26 0.30 0.22 0.11 0.08 3.34 2.51 0.50 0.23 0.20 0.24 0.18 0.11 0.16 0.13 0.15 0.20 5.36 4.15 0.50 0.56 0.72 1.16 0.88 0.13 0.10 0.28 0.34 2.00 0.68 0.93 52.98 0.25 1.45 0.69 0.53 0.14 0.77 0.59 0.08 0.05 0.10 0.10 0.14 0.03 0.15 1.00 0.89 0.78 33.69 25.32 0.15 0.14 0.08 0.28 0.17 0.60 0.19 2.30 0.08 0.17 0.38

0.04 0.00 0.45 0.00 0.02 0.08 0.12 0.18 0.12 0.08 0.00 0.06 0.09 0.08 0.00 0.11 0.14 0.58 4.64 3.32 0.07 0.09 0.00 0.43 0.73 0.02 0.01 0.07 0.02 0.03 0.06 0.05 0.03 0.07 0.07 0.11 0.19 0.28 7.37 5.25 0.09 0.15 0.03 0.02 0.01 0.01 0.02 0.00 0.03 0.01 0.31 0.26 0.10 0.75 0.82 0.15 0.07 0.02 2.53 3.50 0.01 0.03 0.02 0.04 0.89 0.45 1.30 0.02 0.02 0.05 0.05 0.46 0.24 0.22 1.13 0.10 0.06 0.00 0.05 0.08 0.00 0.15 0.11 0.04 0.05 0.07 0.05 0.10 0.15 0.01 0.01 0.02 0.18 0.00 0.04 2.12 1.50 3.28 4.50 0.00 0.00 0.07 0.08 0.05 0.03 0.03 0.02 0.50 0.37 0.16 0.05 0.04 0.08 0.06 0.00 0.01 0.04 0.04 0.04 1.38 1.97 0.30 0.13 0.19 0.22 0.13 0.02 0.02 0.06 0.07 0.89 0.15 0.24 23.43 0.25 0.25 0.06 0.05 0.04 0.05 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.22 0.19 0.02 12.12 9.00 0.01 0.03 0.02 0.05 0.05 0.16 0.05 0.39 0.02 0.14 0.12

0.53 0.41 0.19 0.26 0.35 2.24 2.94 0.51 0.05 0.07 0.12 3.14 2.33 0.32 0.28 0.02 0.35

0.15 0.11 0.02 0.00 0.05 0.25 0.28 0.15 0.01 0.02 0.04 0.63 1.76 0.24 0.02 0.00 0.10

G LOBAL M I N I N G

N EW S

(100s) Stock

TH E N OR TH ER N

Week

Exc Volume

Low

0.00 0.14 unch 0.18 0.25 + 0.00 0.00 unch 0.54 0.58 + 0.40 0.45 + 0.00 0.33 0.00 0.14 unch 0.11 0.11 0.15 0.15 0.00 0.09 unch 0.00 0.05 0.00 0.62 0.00 0.38 0.45 0.45 0.00 0.03 0.05 0.06 + 0.71 0.78 0.95 1.03 0.10 0.10 1.04 1.15 + 14.28 15.03 10.67 11.29 0.00 0.52 0.67 0.70 unch 0.40 0.45 + 0.11 0.11 unch 0.15 0.16 0.31 0.31 unch 0.29 0.32 0.06 0.06 0.00 0.00 + 0.30 0.32 -

Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl Strategic Metl* Strategic Res Strategic Res* Strikepoint Gd* Strikepoint Gd Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor* Stuhini Explor Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Metals Sun Peak Metal Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Supernova Met* Supernova Met Surge Copper * Surge Copper Surge Explor Sutter Gold* Syrah Res*

O V O V O V O O V V O V O V O T O C V V T N O V V O V O V V O O

19 1017 80 309 276 56 0 1408 1740 87 7 62 13 59 1 369 236 548 1008 371 36763 43848 40 392 477 10 574 5 2036 15 769 99

0.14 0.25 0.00 0.63 0.46 0.39 0.00 0.15 0.19 0.09 0.06 0.70 0.38 0.59 0.04 0.06 0.84 1.08 0.11 1.15 16.46 12.50 0.52 0.70 0.45 0.11 0.19 0.31 0.39 0.06 0.00 0.37

Taiga Gold Taiga Gold* Taku Gold Taku Gold* Talisker Res Talisker Res* Talmora Diamd Talon Metals Tamerlane Vent* Tamino Mnrls* Tanqueray Expl Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tartisan Nick* Tartisan Nick Taseko Mines Taseko Mines* Teck Res Teck Res Teck Res* Tectonic Metal Tectonic Metal* Telson Res Telson Res * Temas Res* Temas Res Tembo Gold Tembo Gold* Teranga Gold Teranga Gold* Teras Res Teras Res* Terrax Mnrls Terrax Mnrls* Terreno Res Teslin Rvr Res Tesoro Mnrls Tesoro Mnrls* Teuton Res Teuton Res* Texas Mineral* Themac Res Themac Res* Theta Gold* Thor Expl Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Till Capital

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

216 34 89 8 853 29 2000 3690 68 3872 3151 130 1196 168 842 300 25 1513 21 672 1503 9008 14343 22 26889 268 134 72 85 25 110 148 2 2242 43 132 200 2174 252 75 13 14 1 434 212 731 1 4 154 185 193 4 1441 503 0

0.19 0.14 0.10 0.07 0.41 0.30 0.02 0.31 0.00 0.00 2.44 0.89 0.68 0.32 0.40 0.12 0.09 0.22 0.44 0.24 1.53 1.16 18.20 20.26 13.81 0.17 0.20 0.28 0.22 0.55 0.75 0.14 0.10 15.41 11.51 0.10 0.08 0.39 0.29 0.04 6.73 0.07 0.04 2.80 2.20 1.44 0.00 0.07 0.31 0.22 0.17 0.11 0.11 0.08 3.75

Last

High Low

Stock

0.00 0.06 0.00 0.01 0.00 0.07 0.00 0.03 0.04 0.00 0.01 0.08 0.03 0.09 0.01 0.01 0.04 0.05 0.01 0.05 1.46 1.24 0.05 0.00 0.01 0.00 0.02 0.00 0.08 0.01 0.00 0.02

0.19 0.28 0.01 0.80 0.60 0.45 0.30 0.21 0.27 0.15 0.10 0.83 0.72 0.94 0.05 0.10 2.20 3.50 0.25 1.34 45.12 34.56 1.15 1.53 0.89 0.24 0.32 0.32 0.44 0.40 0.05 0.52

0.12 0.04 0.00 0.25 0.18 0.18 0.14 0.01 0.02 0.03 0.01 0.15 0.29 0.12 0.04 0.03 0.71 0.09 0.06 0.80 14.02 9.61 0.26 0.33 0.11 0.03 0.02 0.03 0.02 0.05 0.00 0.09

0.00 0.00 0.00 0.00 0.02 0.02 0.01 0.03 0.00 0.00 0.35 0.06 0.04 0.04 0.03 0.01 0.00 0.07 0.01 0.01 0.26 0.20 0.68 0.17 0.71 0.01 0.02 0.02 0.02 0.02 0.00 0.01 0.00 1.26 1.10 0.01 0.00 0.04 0.04 0.00 0.00 0.01 0.00 0.49 0.39 0.10 0.00 0.00 0.03 0.01 0.02 0.00 0.04 0.04 0.74

0.31 0.22 0.15 0.11 0.44 0.47 0.05 0.36 0.00 0.01 3.14 1.49 1.09 0.36 1.00 0.12 0.09 0.23 0.30 0.33 1.76 1.34 23.20 23.98 17.77 0.34 0.25 0.33 0.23 0.55 0.75 0.30 0.18 16.80 12.82 0.14 0.08 0.55 0.41 0.06 63.08 0.08 0.06 4.85 3.80 2.65 0.08 0.07 0.70 0.28 0.34 0.29 0.20

0.07 0.05 0.03 0.01 0.36 0.10 0.01 0.08 0.00 0.00 0.50 0.55 0.36 0.29 0.04 0.04 0.03 0.04 0.03 0.05 0.28 0.20 8.15 9.00 5.60 0.10 0.10 0.04 0.04 0.30 0.10 0.03 0.02 3.86 2.84 0.02 0.02 0.16 0.11 0.01 5.25 0.03 0.03 0.27 0.20 0.22 0.03 0.02 0.10 0.12 0.06 0.07 0.03

Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TMAC Resource* TMAC Resources TNR Gold Tocvan Venture TomaGold Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources* Torq Resources Tower Res Transatlantic Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res* Tres-Or Res Trevali Mng* Trevali Mng Tri Origin Exp* Tri Origin Exp Trident Gold Trifecta Gold* Trifecta Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Trio Resources* TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* True North Gem* True North Gem Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res Typhoon Expl

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

U.S. Gold* U3O8 Corp U3O8 Corp* UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery* United Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Upper Canyon Ur-Energy

D V O O O V T O V O O V O C O X N O V V V T

Change

T 0.17 0.12 0.08 0.06 0.36 0.22 0.02 0.27 0.00 0.00 1.87 0.82 0.60 0.25 0.33 0.12 0.09 0.12 0.16 0.21 1.17 0.87 15.81 18.90 11.91 0.13 0.10 0.26 0.19 0.53 0.67 0.14 0.00 13.44 10.15 0.08 0.06 0.33 0.25 0.00 6.50 0.00 0.04 2.24 1.69 1.28 0.00 0.06 0.21 0.20 0.11 0.11 0.08 0.06 0.00

0.18 0.13 0.09 0.06 0.37 0.27 0.02 0.28 0.00 0.00 2.09 0.83 0.63 0.26 0.34 0.12 0.09 0.18 0.17 0.23 1.23 0.94 17.51 20.09 13.14 0.16 0.15 0.28 0.20 0.53 0.70 0.14 0.10 13.86 10.38 0.09 0.06 0.34 0.26 0.04 6.50 0.07 0.04 2.34 1.77 1.44 0.08 0.06 0.31 0.21 0.13 0.11 0.08 0.06 3.75

(100s)

12-month

High

unch unch + unch + + + + + unch unch unch + unch + unch + unch +

3.75 1.00

Week

Exc Volume

Last

12-month

High

Low

Change

329 200 355 698 41 7 10 172 45 12 90 396 341 1906 7 328 181 1403 1 276 1201 11 683 3 480 181 243 40 67 357 2971 81 350 5 5 50 54 823 39 37 43 94 4823 968 453 363 165 314 977 311 98 4 6 24 460 868 913 334 1975 967 2884 18 5401 52 373

0.40 0.30 0.14 0.18 0.05 0.78 0.70 0.92 0.29 0.96 1.26 0.04 0.43 0.10 2.50 0.41 15.32 20.22 0.52 0.69 0.10 0.07 0.16 0.10 1.40 1.02 6.56 0.08 0.09 0.10 0.14 0.12 0.16 0.00 0.06 0.07 2.23 1.70 0.09 0.07 0.11 0.10 0.00 0.32 0.25 0.24 0.18 0.93 1.25 0.09 0.12 0.08 0.09 0.11 2.56 3.34 1.06 0.82 8.24 10.83 0.03 0.02 0.00 0.04 0.06

0.34 0.37 unch 0.23 0.29 + 0.11 0.12 0.16 0.17 unch 0.04 0.04 0.00 0.78 + 0.00 0.58 0.73 0.79 0.26 0.26 unch 0.93 0.94 unch 1.18 1.22 0.04 0.04 0.37 0.39 0.09 0.09 2.01 2.12 + 0.36 0.40 + 13.22 13.44 17.56 17.96 0.52 0.52 0.59 0.62 0.09 0.10 + 0.00 0.07 + 0.14 0.15 unch 0.10 0.10 1.26 1.37 + 0.95 1.02 + 5.79 5.92 0.07 0.07 unch 0.09 0.09 0.09 0.09 0.12 0.13 0.09 0.09 0.12 0.13 0.00 0.12 unch 0.00 0.06 0.00 0.07 + 2.05 2.10 1.54 1.56 0.07 0.09 + 0.04 0.07 + 0.11 0.11 unch 0.08 0.08 0.00 0.00 unch 0.27 0.29 0.21 0.22 0.20 0.23 + 0.15 0.17 0.79 0.87 1.05 1.23 0.08 0.08 0.07 0.07 0.08 0.08 unch 0.00 0.09 0.10 0.11 unch 2.10 2.11 2.76 2.83 0.82 0.92 0.61 0.69 7.49 7.85 unch 10.01 10.47 + 0.02 0.02 unch 0.01 0.02 0.00 0.00 unch 0.00 0.04 unch 0.05 0.06 unch

104 282 17 716 2679 1727 2259 3 145 254 528 2321 14 35 315 19930 69448 18 69 106 31 139

8.72 0.18 0.14 0.73 0.08 0.10 0.13 0.04 0.05 0.11 0.37 0.51 0.52 0.65 0.03 0.49 10.31 0.07 0.09 2.45 0.22 0.61

Stock

0.00 0.01 0.01 0.00 0.01 0.13 0.13 0.10 0.00 0.00 0.02 0.01 0.04 0.01 0.11 0.00 1.68 1.86 0.01 0.06 0.01 0.01 0.00 0.02 0.04 0.01 0.73 0.00 0.01 0.01 0.02 0.03 0.04 0.00 0.00 0.01 0.13 0.13 0.01 0.03 0.00 0.02 0.00 0.03 0.02 0.01 0.00 0.08 0.02 0.01 0.20 0.00 0.01 0.00 0.34 0.41 0.13 0.11 0.00 0.17 0.00 0.00 0.00 0.00 0.00

0.47 0.35 0.19 0.25 0.08 1.50 0.78 1.10 0.78 3.13 4.12 0.07 0.50 0.10 3.09 0.55 19.45 25.52 0.59 0.79 0.14 0.07 0.24 0.18 1.98 1.40 9.07 0.10 0.14 0.20 0.26 0.29 0.40 0.20 0.08 0.12 3.61 2.74 0.13 0.50 0.15 0.11 0.00 0.47 0.35 0.48 0.34 1.33 1.82 0.11 0.27 0.10 0.13 0.11 3.40 4.51 1.80 1.33 12.00 15.60 0.03 0.02 0.01 0.06 0.11

0.06 0.02 0.05 0.07 0.02 0.35 0.11 0.14 0.24 0.31 0.44 0.02 0.10 0.06 0.50 0.15 6.19 8.79 0.21 0.27 0.02 0.02 0.11 0.08 0.45 0.90 4.23 0.05 0.06 0.04 0.06 0.09 0.03 0.12 0.01 0.02 1.50 1.03 0.05 0.01 0.04 0.07 0.00 0.19 0.13 0.07 0.06 0.30 0.42 0.02 0.03 0.02 0.04 0.05 0.27 0.38 0.27 0.20 3.01 4.30 0.01 0.00 0.00 0.02 0.03

0.57 0.04 0.01 0.08 0.01 0.01 0.01 0.01 0.01 0.00 0.05 0.06 0.02 0.05 0.01 0.00 0.29 0.00 0.02 0.27 0.06 0.02

14.44 0.19 0.90 1.03 0.19 0.25 0.19 0.08 0.09 0.24 0.50 0.67 0.76 0.99 0.06 0.73 14.52 0.07 0.12 6.50 0.50 1.00

2.61 0.04 0.01 0.09 0.06 0.08 0.07 0.01 0.02 0.06 0.07 0.10 0.03 0.01 0.02 0.22 4.54 0.01 0.03 2.07 0.05 0.39

U-V 8.06 0.13 0.10 0.55 0.06 0.08 0.12 0.04 0.05 0.09 0.30 0.38 0.00 0.00 0.02 0.35 9.20 0.07 0.00 2.17 0.15 0.55

8.11 0.14 0.12 0.70 + 0.06 0.09 0.13 0.04 0.05 0.10 + 0.31 0.40 0.44 0.65 + 0.02 0.38 9.66 0.07 unch 0.09 + 2.17 0.22 + 0.60 -

(100s)

High Low

Week Last

12-month

Exc Volume

High

Low

Ur-Energy* Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls UrbanGold Min USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valorem Res Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vanadiumcorp* Vanadiumcorp Vangold Res* Vangold Res Vanstar Mng Rs* Vanstar Mng Rs Vantex Res Velocity Mnrls Velocity Mnrls* Vendetta Mng Vendetta Mng* Venture Mnrls* Verde Potash Verde Res* Veris Gold* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Metals* Victory Metals Victory Nickel* Victory Nickel Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M Vision Lithium* Vision Lithium Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Res Vizsla Res * Volcanic Gold Volcanic Gold* Voyageur Min Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls* Vulcan Mnrls VVC Expl VVC Expl*

X 1954 V 2227 X 5552 O 3061 D 42842 V 513 O 299 V 27 V 453 O 51 V 112 V 25 O 30 N 137842 O 13503 O 93 V 772 C 668 O 56 V 1038 O 21 V 194 O 10 V 100 O 132 V 2937 O 261 V 794 O 522 V 548 V 33 V 25 O 9 V 1784 O 151 O 10000 T 85 O 6 O 165 O 0 V 284 O 298 T 600 O 67 V 133 O 2 C 51 C 474 O 0 V 10 O 5 V 113 V 194 O 22 V 1980 T 87 X 1906 O 316 V 465 V 1033 O 563 V 574 O 8 C 23 O 3 V 220 O 150 V 107 O 3 V 189 V 1520 O 1297

0.47 0.54 0.95 0.04 5.05 1.21 0.92 0.03 0.24 0.00 0.25 0.12 0.09 11.30 0.02 0.23 0.29 0.15 0.06 0.09 0.04 0.06 0.07 0.10 0.05 0.07 0.26 0.31 1.22 1.42 0.18 0.48 0.35 0.07 0.05 0.00 0.67 0.01 0.05 0.00 0.04 12.36 16.39 0.41 0.53 0.03 0.04 0.07 0.00 0.09 0.08 0.45 0.21 0.02 0.03 1.37 1.07 0.23 0.30 1.51 1.15 0.54 0.35 0.25 0.03 0.05 0.22 0.30 0.07 0.07 0.07 0.05

0.42 0.46 0.48 0.51 0.82 0.86 0.02 0.02 3.75 4.10 + 1.09 1.10 0.82 0.82 0.02 0.02 0.19 0.21 0.00 0.00 + 0.18 0.21 0.12 0.12 0.00 0.08 10.39 10.57 0.01 0.01 + 0.18 0.19 0.23 0.23 0.13 0.15 unch 0.05 0.05 0.07 0.07 0.04 0.04 0.05 0.05 0.06 0.07 0.10 0.10 0.03 0.05 + 0.05 0.06 + 0.18 0.25 + 0.26 0.28 0.96 1.03 + 1.29 1.37 + 0.00 0.17 0.00 0.45 0.35 0.35 unch 0.06 0.06 0.04 0.05 + 0.00 0.02 unch 0.62 0.65 0.01 0.01 unch 0.00 0.00 + 0.00 0.03 unch 0.03 0.04 + 10.60 10.98 14.32 14.63 0.33 0.40 0.00 0.50 0.00 0.03 + 0.00 0.04 + 0.06 0.07 unch 0.00 0.10 unch 0.00 0.08 0.06 0.07 + 0.41 0.43 0.17 0.17 0.00 0.02 0.02 0.03 1.25 1.37 + 0.94 1.05 + 0.17 0.20 0.23 0.26 1.36 1.39 1.02 1.03 0.42 0.42 0.35 0.35 unch 0.25 0.25 unch 0.03 0.03 0.05 0.05 0.19 0.21 0.26 0.28 0.06 0.06 unch 0.06 0.06 0.05 0.06 + 0.04 0.05 +

Walcott Res Walcott Res* Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wescan Gldflds

C O O O V O T C O V V O V V

Change

Stock

0.02 0.02 0.08 0.02 0.11 0.01 0.03 0.01 0.02 0.00 0.03 0.01 0.02 0.74 0.00 0.03 0.06 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.02 0.02 0.03 0.05 0.12 0.02 0.01 0.00 0.01 0.00 0.00 0.03 0.00 0.00 0.00 0.01 1.23 1.40 0.01 0.03 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.01 0.02 0.01 0.03 0.05 0.13 0.13 0.08 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.02 0.01 0.01

0.72 0.72 1.29 2.75 14.50 1.32 0.99 0.03 0.45

0.27 0.05 0.35 0.01 0.25 0.80 0.56 0.01 0.05

0.27 0.20 0.15 13.67 0.02 0.31 0.41 0.64 0.21 0.25 0.06 0.08 0.09 0.12 0.06 0.08 0.45 0.34 1.39 1.75 0.31 0.54 0.41 0.11 0.09 0.03 0.80 0.01 0.10 0.04 0.07 16.09 21.04 0.45 0.57 0.06 0.08 0.30 0.10 0.15 0.11 0.48 0.31 0.08 0.10 1.90 1.45 0.36 0.48 2.93 2.14 0.93 0.68 0.52 0.10 0.12 0.35 0.50 0.07 0.21 0.07 0.05

0.10 0.03 0.04 6.49 0.00 0.09 0.14 0.06 0.03 0.03 0.00 0.01 0.03 0.04 0.02 0.03 0.03 0.03 0.20 0.27 0.10 0.20 0.15 0.03 0.01 0.00 0.21 0.00 0.00 0.02 0.02 2.88 4.02 0.11 0.17 0.01 0.01 0.06 0.02 0.04 0.03 0.20 0.04 0.01 0.01 0.51 0.36 0.09 0.14 0.24 0.16 0.05 0.03 0.13 0.03 0.05 0.10 0.16 0.03 0.02 0.02 0.01

0.03 0.02 0.00 0.00 0.01 0.03 0.03 0.05 0.01 0.01 0.00 0.02 0.02 0.00

0.95 0.72 0.20 0.14 0.19 1.01 1.35 0.70 0.11 0.15 0.07 0.29 0.38 0.12

0.09 0.17 0.02 0.05 0.06 0.25 0.33 0.02 0.03 0.03 0.02 0.05 0.07 0.03

Wesdome Gold Wesdome Gold* West High Yld West Red Lake West Red Lake* West Vault Western Areas* Western Atlas Western Atlas* Western Copper Western Copper* Western Gold Western Mag* Western Mag Western Potash Western Res* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Vent* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* WestMountain* Wheaton Prec M Wheaton Prec M* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res* Wolfden Res Wolfeye Res Worldwide Res X-Terra Res* X-Terra Res Xanadu Mines Xander Res Xander Res* Xiana Mng* Xiana Mng Ximen Mining Ximen Mining* Xplore Res Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zadar Ventures* ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res * Zincore Mtls* ZincX Res* ZincX Res Zonte Metals* Zonte Metals

0.94 0.71 0.09 0.07 0.10 0.80 0.89 0.40 0.09 0.12 0.04 0.10 0.12 0.00

0.00 0.67 0.09 0.07 0.09 0.59 0.78 0.27 0.07 0.10 0.02 0.07 0.00 0.00

0.93 + 0.70 + 0.09 + 0.07 0.09 0.64 0.85 0.40 + 0.08 0.11 0.03 unch 0.07 0.11 0.06 unch

Exc Volume T O V C O V O V O T X V O V T O V C O O V O O V V O O T N O O V O V O O O V V O C O C O V V V O V T V O O V V O V V T O T N O O T O O V V V O V O O O V O V

/ N OV EM BER 9 – 2 2 , 2 0 2 0

(100s)

High Low

W-Z 53 29 4 190 424 1667 5781 61 99 553 2344 270 738 0

M I N ER

2165 240 69 930 160 202 150 388 66 372 1189 6 223 273 113 2 169 108 139 5 746 240 4 43 106 53 0 6788 12305 318 299 621 100 325 391 3 14 13 123 100 3100 3448 606 28 333 263 375 87 966 82 796 98 7 257 141 31 50 189 95 40 14287 82177 41 46 1075 1 258 1294 13 446 105 99 145 6 24 70 10 109

Week

12-month

High

Low

Last

Change

13.67 10.35 0.20 0.11 0.08 1.69 1.71 0.14 0.12 1.55 1.17 0.45 0.11 0.13 0.18 0.12 0.15 0.67 0.53 1.92 0.90 0.69 0.15 0.20 0.18 0.14 0.00 64.90 49.24 0.00 0.72 0.93 0.04 0.06 0.01 0.66 0.15 0.21 0.12 0.07 0.18 0.14 1.85 0.16 0.21 0.75 0.04 0.12 0.17 0.05 0.22 0.17 0.04 0.07 0.40 0.30 0.10 0.14 1.22 0.94 7.75 5.88 0.74 0.04 0.06 0.15 0.85 1.14 0.08 0.17 0.13 0.14 0.01 0.00 0.08 0.10 0.15 0.22

12.40 13.19 9.30 9.90 0.17 0.18 0.09 0.09 0.07 0.07 1.53 1.66 + 1.30 1.38 0.12 0.14 + 0.11 0.12 + 1.32 1.49 0.98 1.11 0.45 0.45 unch 0.09 0.10 0.12 0.13 0.16 0.17 0.12 0.12 0.14 0.15 + 0.53 0.59 0.39 0.45 1.92 1.92 0.80 0.83 0.60 0.62 0.00 0.13 + 0.17 0.20 + 0.14 0.18 unch 0.10 0.10 unch 0.00 1.90 unch 58.42 61.14 43.83 46.11 0.00 0.10 unch 0.63 0.66 0.84 0.87 0.04 0.04 unch 0.06 0.06 0.01 0.01 0.66 0.66 unch 0.15 0.15 0.20 0.20 0.09 0.09 0.07 0.07 unch 0.17 0.18 + 0.12 0.13 1.15 1.25 0.15 0.15 0.20 0.20 0.67 0.69 0.04 0.04 unch 0.11 0.12 0.15 0.15 0.04 0.05 unch 0.16 0.18 0.15 0.15 0.04 0.04 unch 0.07 0.07 unch 0.34 0.34 0.25 0.26 0.09 0.10 + 0.13 0.14 1.08 1.15 0.81 0.87 6.99 7.41 5.22 5.56 0.00 0.74 + 0.03 0.04 unch 0.05 0.05 unch 0.15 0.15 unch 0.67 0.84 + 0.88 1.10 + 0.08 0.08 unch 0.16 0.16 0.11 0.11 0.11 0.14 + 0.00 0.01 + 0.00 0.00 unch 0.07 0.07 + 0.10 0.10 0.15 0.15 0.20 0.21 unch

0.26 0.35 0.02 0.02 0.00 0.08 0.34 0.01 0.00 0.04 0.04 0.00 0.00 0.01 0.02 0.01 0.01 0.10 0.07 0.06 0.02 0.03 0.00 0.03 0.00 0.00 0.00 2.62 2.46 0.00 0.07 0.08 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.65 0.01 0.01 0.06 0.00 0.01 0.01 0.00 0.04 0.01 0.00 0.00 0.04 0.04 0.02 0.02 0.08 0.04 0.21 0.24 0.00 0.00 0.00 0.00 0.04 0.02 0.00 0.01 0.02 0.02 0.00 0.00 0.00 0.01 0.01 0.00

High Low 15.00 11.37 0.30 0.21 0.17 1.94

5.85 4.10 0.07 0.04 0.02 0.45

0.19 0.14 1.95 1.53 0.45 0.17 0.23 0.34 0.24 0.33 1.10 0.84 1.98 1.25 0.93 0.19 0.26 0.18 0.14 7.00 76.69 57.89 0.11 2.00 1.34 0.05 0.07 0.05 2.32 0.20 0.26 0.20 0.11 0.20 0.17 2.25 0.25 0.32 1.28 0.07 0.18 0.25 0.10 0.45 0.20 0.29 0.39 0.80 0.60 0.11 0.23 1.54 1.15 9.29 7.02 1.02 0.06 0.08 0.45 0.99 1.33 0.15 1.15 0.88 0.18 0.10 0.00 0.11 0.16 0.28 0.37

0.04 0.04 0.44 0.31 0.01 0.07 0.09 0.13 0.11 0.05 0.25 0.15 1.00 0.35 0.25 0.10 0.08 0.04 0.05 1.00 26.99 18.66 0.03 0.29 0.41 0.00 0.02 0.01 0.63 0.04 0.01 0.05 0.03 0.01 0.00 0.05 0.05 0.07 0.43 0.02 0.03 0.03 0.01 0.04 0.15 0.02 0.04 0.26 0.20 0.08 0.03 0.40 0.20 3.11 2.23 0.64 0.02 0.02 0.07 0.17 0.26 0.04 0.15 0.12 0.08 0.00 0.00 0.04 0.06 0.12 0.16

BID-ASK — OCTOBER 26–30, 2020 12-MONTH STOCK

79North African Metals Aftermath Silv Aiml Res Alacer Gold Aldever Res Allante Res Altair Res Inc Amarc Res American CuMo AMV Capital Anglo-Bomarc Antler Hill Archon Mineral Atlanta Gold Aurelius Min Aurex Energy Austin Res Avarone Metals Aya Gold Balto Res Banro Corp* Barker Min Barolo Venture BE Res BHK Mining Black Mammoth Boss Power Brunswick Res Bullion Gold Cairo Res Camrova Res Centurion Mnls Cerro de Pasc Chinapintza Mg Clarmin Explor Cleghorn Mnls Cliffs Nat Res* Clydesdale Res Comet Inds Cresval Cap CROPS CWN M’g Acq Cyntar Venture Cyprium Mng Damara Gold DeepRock Min Duro Metals EastCoal Inc Electra Stone Eurotin Everton Res Excalibur Res Fabled Copper Finore Mng Fire River Gol First Idaho Freedom Egy Full Metal Mnl Fusion Gold Galore Res GAR Limited General Moly* Gentor Res Glacier Lake

EXC

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

BID

0.12 0.06 0.24 0.13 9.41 0.14 0.16 0.03 0.06 0.06 0.17 0.08 0.05 0.12 0.03 0.13 0.04 0.08 ... 1.94 0.08 0.11 0.01 0.27 0.20 0.02 0.06 0.17 ... 0.06 0.36 ... ... ... ... 0.14 0.09 1.45 0.05 3.10 0.02 0.02 0.03 0.10 0.03 0.07 0.03 0.14 0.08 0.01 0.02 0.10 0.09 0.19 0.12 0.03 0.11 0.02 0.14 0.01 0.02 ... ... 0.05 0.10

ASK

0.14 0.09 0.25 0.29 9.52 0.17 ... 0.04 0.06 0.07 0.20 0.08 0.05 0.27 0.04 0.14 0.06 0.12 ... 2.19 0.10 0.11 0.01 0.27 0.20 0.02 0.07 0.20 0.09 0.15 0.87 0.01 0.07 ... ... 0.14 0.12 3.20 0.07 3.40 0.02 0.02 0.06 0.38 0.03 0.07 0.03 0.38 0.19 0.02 0.03 0.10 0.10 0.19 0.12 0.07 0.33 0.02 0.14 ... 0.03 ... ... 0.07 0.15

LAST

0.12 0.06 0.25 0.29 9.47 0.15 0.16 0.03 0.07 0.06 0.15 0.15 0.06 0.27 0.03 0.14 0.05 0.08 0.04 2.01 0.10 0.11 0.01 0.27 0.20 0.02 0.07 0.17 0.03 0.10 0.21 0.07 0.07 0.29 0.26 0.14 0.10 1.43 0.03 3.20 0.03 0.02 0.05 0.19 0.03 0.07 0.03 0.18 0.09 0.01 0.02 0.03 0.10 0.07 0.11 0.09 0.12 0.01 0.10 0.17 0.03 0.15 0.11 0.03 0.10

HIGH

LOW

0.25

0.10

0.33 0.31 10.82 0.22

0.05 0.10 3.50 0.05

0.04 0.08

0.01 0.02

0.20

0.07

0.08 0.41 0.04 0.15 0.16 0.13 0.15 2.50 0.19 2.10

0.04 0.10 0.03 0.03 0.03 0.04 0.03 0.82 0.03 0.10

0.33 0.25

0.18 0.09

0.17

0.04

0.47 0.35

0.09 0.20

0.10 0.34 0.26 0.18 0.12 7.17 0.05 3.50 0.08 0.04 0.21 0.21

0.04 0.12 0.07 0.05 0.03 0.98 0.01 3.00 0.02 0.01 0.03 0.11

0.09 0.07 0.27 0.09

0.02 0.01 0.11 0.06

0.04

0.01

0.11 0.16

0.01 0.03

0.12

0.03 4.13 100.00 0.06 0.25

0.01 0.13 0.10 0.03 0.05

12-MONTH STOCK

Global Cop Grp Go Cobalt GobiMin Goldblock Cap Golden Indepen GoldHaven Res Graphite Egy Great Lakes Gr Great Quest Fe Green Arrow Greenshield Ex Group Eleven GrowMax Res Handa Mining HFX Holding High Point Exp Highbury Proj Highvista Gold Hylands Intl I-Minerals IM Exploration Indico Res Inspiration Mg Interconnect Intl Battery Iron South Mng Jasper Mining K9 Gold Karora Res Kermode Res Knick Expl Kodiak Copper La Imperial Latin Metals Leo Res Liberty One Li Lida Resources Madeira Mrnls MAG Silver* Major Precious Margaret Lake Mariner Res Martina Mnls Matachewan Con Meryllion Res Micrex Dev Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Minsud Res Mongoose Mg Montana Gold Montego Res MPV Explor Napier Vent Navis Res Corp Nebu Res New Klondike Nexa Resources Northway Res Odyssey Res Omai Gold Optimus Gold

EXC

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

BID

0.07 0.05 0.26 0.18 ... ... ... 0.05 ... 0.02 0.14 0.07 0.02 0.03 0.02 0.21 0.22 ... 0.03 0.03 0.10 ... ... 0.05 ... 0.24 0.05 0.17 0.47 0.01 0.01 0.05 0.06 0.03 ... 0.06 ... ... 12.52 ... 0.03 ... 0.05 0.12 0.01 0.02 0.08 0.05 0.10 ... 0.15 0.06 0.07 0.09 0.01 0.07 0.06 ... 0.04 0.01 7.79 0.07 0.04 0.02 0.13

ASK

0.08 0.08 0.29 0.25 ... ... ... 0.05 0.01 0.03 0.18 0.08 0.02 0.04 ... 0.50 0.50 ... 0.06 0.04 0.15 0.01 ... 0.11 ... 0.27 0.10 0.24 0.48 0.02 0.01 0.06 0.10 0.04 ... 0.06 ... ... 13.30 ... 0.04 ... 0.13 0.16 0.01 0.02 0.10 0.49 0.13 ... 0.20 0.08 0.20 0.10 0.02 0.13 ... ... 0.04 0.01 8.25 0.45 0.06 0.02 0.20

LAST

0.08 0.08 0.29 0.16 0.38 0.42 0.47 0.04 0.10 0.02 0.14 0.08 0.09 0.03 0.01 0.30 0.23 0.17 0.03 0.03 0.15 0.01 0.03 0.07 0.31 0.24 0.06 0.24 0.48 0.01 0.01 0.05 0.09 0.03 1.09 0.07 0.24 0.03 12.52 0.42 0.03 0.59 0.05 0.14 0.01 0.01 0.09 0.05 0.10 0.12 0.15 0.06 0.05 0.10 0.01 0.16 0.07 0.30 0.04 0.01 7.37 0.14 0.05 0.01 0.15

HIGH

12-MONTH

LOW

STOCK

0.11 0.16 0.35 0.16 0.40 0.45 0.47

0.04 0.02 0.20 0.12 0.05 0.06 0.42

0.04 0.20 0.14

0.02 0.13 0.02

0.05 0.01 0.30 0.30

0.02 0.01 0.02 0.22

0.06 0.06 0.18

0.03 0.02 0.04

0.07

0.06

0.28 0.12 0.28 0.73 0.02

0.04 0.01 0.16 0.20 0.01

0.13 0.12 0.16

0.04 0.01 0.02

0.08 0.27

0.04 0.13

14.40 0.42 0.09 0.62 0.05 0.18 0.02

6.12 0.02 0.02 0.13 0.05 0.10 0.01

0.15

0.07

0.20 0.20

0.02 0.07

0.15 0.15 0.10 0.06 0.16 0.18

0.01 0.05 0.02 0.01 0.07 0.04

14.33 0.17 0.06

3.94 0.05 0.02

0.15

0.01

Opus One Gold Ord Mountain Pac Arc Res Pan Andean Min Pantheon Vent Parallel Mng Parlane Res Pasinex Res Patriot Gold Philippine Mtl Plata Latina Primary Energy Prime Meridian Prism Res Prosper Gold Quantum Cobalt Quinto Res Rare Element* Red Oak Mining Reliant Gold Remington Res Resolve Vent Rizal Res Rockex Mng Rockland Mnls Ross River Sage Gold Samco Gold Secova Mtls Sennen Potash Shine Minerals Silver Phoenix Skarb Explor Southern Arc SouthGobi Res Southstone Min Stans Energy Stria Lithium Surge Explor Tajiri Res Tearlach Res Tiger Intl Tri-River Vent Trident Gold TriMetals Mng Trinity Valley Ubique Mineral Vale* ValOre Metals Vatic Vent Venerable Vent Viking Gold Voyageur Min Wescan Gldflds Westminster Rs Whitemud Res Winshear Gold Worldwide Res Xiana Mng Yukoterre Res Zadar Ventures Zara Res Zinc One Res Zinco Mng Zincore Mtls

EXC

BID

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

0.06 0.30 0.02 ... 0.05 0.14 0.07 0.02 0.14 0.01 0.04 ... 0.07 0.04 0.53 ... 0.07 0.11 0.10 ... 0.19 0.07 0.01 0.03 0.07 ... 0.01 0.01 0.05 ... 0.10 0.11 0.20 0.33 ... 0.01 0.01 0.03 0.39 0.19 0.12 0.10 ... 0.12 0.11 0.09 0.04 ... 0.06 0.05 0.11 ... 0.25 0.06 0.13 0.01 0.12 0.04 0.06 ... 0.33 ... 0.01 0.05 ...

ASK

0.08 0.30 0.25 0.09 0.07 0.15 0.07 0.02 0.21 0.01 0.05 ... 0.07 0.05 0.57 ... 0.07 0.16 0.15 ... 0.26 0.07 0.02 0.03 0.08 0.35 0.01 0.05 0.06 1.10 0.16 0.15 0.89 0.90 0.10 0.01 0.01 0.03 0.44 0.19 0.17 0.14 ... 0.17 0.12 0.11 0.06 ... 0.07 ... 0.20 0.30 0.33 0.08 0.18 0.02 0.14 0.06 0.08 ... 0.33 ... 0.02 0.07 0.40

LAST

0.08 0.20 0.16 0.09 0.07 0.15 0.07 0.01 0.18 0.06 0.05 0.17 0.07 0.04 0.61 1.10 0.08 0.15 0.10 0.02 0.20 0.08 0.02 0.03 0.08 0.26 0.02 0.05 0.05 0.45 0.10 0.10 0.28 0.89 0.09 0.01 0.01 0.02 0.39 0.19 0.10 0.10 0.04 0.12 0.12 0.11 0.06 10.24 0.07 0.10 0.12 0.31 0.25 0.06 0.18 0.02 0.14 0.04 0.07 0.10 0.30 0.07 0.01 0.05 0.05

HIGH

LOW

0.12 0.25 0.27 0.10 0.09 0.23 0.10 0.04 0.19 0.09 0.06 0.82 0.10 0.04 0.85 3.15 0.08 0.89 0.15

0.02 0.06 0.16 0.04 0.01 0.10 0.02 0.01 0.05 0.02 0.01 0.16 0.04 0.01 0.25 0.20 0.02 0.06 0.05

0.35 0.16

0.07 0.05

0.05 0.11

0.02 0.01

0.06

0.03

0.25 0.25 1.00 0.93 0.20 0.04 0.02 0.03 0.23 0.23 0.20 0.20

0.02 0.10 0.11 0.24 0.06 0.01 0.01 0.01 0.03 0.03 0.07 0.07

0.20 0.12 0.15 0.06 11.10 0.13

0.12 0.03 0.04 0.03 6.57 0.07

0.15 0.59 0.52 0.12 0.18 0.03 0.15 0.07 0.39 0.14 0.35 0.22 0.03

0.03 0.28 0.13 0.03 0.04 0.01 0.05 0.02 0.04 0.08 0.08 0.07 0.01

N OV EM BER 9 â&#x20AC;&#x201C; 2 2 , 2 0 2 0

/ TH E N OR TH ER N

M I N ER

W . N OR TH ER N M I N ER . COM

NOVEMBER 10&12, 2020

Global EVENT GUIDE | 2020 GLOBAL MINING SYMPOSIUM

Presented by The Northern Miner

www.northernminer.com/gms2020

In uncertain times, we go to the names that we trust

t’s been five months since we hosted our first virtual event, The Canadian Mining Symposium. While the economic, social and political uncertainty persists to this day, we are doing our best to bring you discussions with top leaders in the business world so you can make informed decisions based on the most up-to-date information. We will continue to do it in a live setting so that viewers can engage with key business leaders in real time. For this edition of the Global Mining Symposium we are training our gaze on what lies ahead in 2021. And to help bring that into better focus we are bringing you one of the world’s foremost economists, David Rosenberg. We are honoured to have a world-renowned thinker of David’s calibre join us and offer his exclusive insights into the tumultuous times we live in today and what he expects lies ahead. Joining David will be another David, David Elliott, who was recently selected to join the ranks of the Canadian Mining Hall of Fame. David is widely regarded as one of the top financiers in the mining and exploration space, and we’re excited to learn more about his storied career and how he selects the top management teams in which to invest. In addition to the two David’s, viewers will hear from key CEOs such as

In our increasingly digital and virtual world, it’s not about if a cyberattack will happen, but when. Knowing what to look for and how to prepare for a new wave of threats is your first line of defence. It’s time to adopt a security by design mindset. Explore how we can help you. ey.com/ca/mining

Anthony Vaccaro, CFA

Group Publisher, The Northern Miner Group Mining Lead, Glacier Resource Innovation Group Glacier Media (GVC-T)

If your cybersecurity is simply up to date, is it up to emerging threats?

Serafino Iacono and John McConnell, both of whom have extensive track recorders of building mines and shareholder value. There will also be a number of other executives from the junior mining space that are advancing some of the industry’s best projects, and can share their innovative technologies that will help them drive value in the coming year. We have averaged over 2,000 individuals from more than 80 countries during our first two virtual events, and early registration for the next symposium is outpacing the previous two. One of the things that make our symposiums such a resounding success are the live question and answer sessions with our speakers. We look forward to seeing and hearing from you all again on November 10th and 12th. Best regards!

Global

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MINING SYMPOSIUM

FEATURED SPEAKERS David Elliott Vice President and Director, Haywood Securities David Elliott has focused on the mining sector for over 35 years, and along with his partner Andrew Williams, continues to generate investment opportunities for their retail and institutional clients. David began his career in 1968 with Doherty Roadhouse & McCuaig Bros in Montreal and transferred to Vancouver in 1970. He also worked at Westcoast Securities and Walwyn Stodgel Cochran Murray, until joining forces with John Tognetti, David Shepherd and Rob Blanchard to purchase Haywood Securities Inc. in 1986.

Serafino Iacono Executive Chairman, Chief Executive Officer and Director Serafino Iacono has over thirty years of experience in capital markets and public companies and has raised more than $4 billion for natural resource projects internationally. Serafino co-founded Gran Colombia Gold, where he is executive chairman. He is also the CEO of Caldas Gold; CEO of NGX Energy International; and chairman of Western Atlas Resources Inc. The mining executive also co-founded Bolivar Gold Corp and Pacific Stratus Energy, among other companies, and is involved in numerous resource and business ventures in Canada, Latin America and the United States. His previous roles included co-chairman and executive director of Pacific Exploration and Production Corp and director of Petromagdalena Energy Corp.

John McConnell Director, President & CEO, Victoria Gold Corp. John McConnell’s +35 years of mining experience is mostly in Canada’s northern territories. Previously, he was President & CEO of Western Keltic Mines until it was acquired by Sherwood Copper; VP, NWT Projects for De Beers Canada primarily responsible for permitting and development of the Snap Lake Diamond Mine; Breakwater Resources Ltd in operations at the Nanisivik Zinc & Lead Mine on Baffin Island; Strathcona Mineral Services Ltd. A graduate of the Colorado School of Mines, with a B.Sc. in Mining Engineering John is also a Director of Hudson Resources Inc. and Abacus Mining & Exploration Corp.

David Rosenberg President and Chief Economist and Strategist, Rosenberg Research & Associates Inc. David Rosenberg is the president and chief economist and strategist of Rosenberg Research & Associates Inc., an economic consulting firm he established in January 2020. Prior to Rosenberg Research, David was chief economist and strategist at Gluskin Sheff + Associates Inc. from 2009 to 2019. From 2002 to 2009, he was chief North American economist at Merrill Lynch in New York, during which time he was consistently ranked in the Institutional Investor All-Star analyst rankings. Prior to that, David was chief economist and strategist for Merrill Lynch Canada, based out of Toronto, where he and his team placed first in the Brendan Woods survey of Canadian economists for ten years in a row. David received a Bachelor of Arts and Masters of Arts degree in economics from the University of Toronto.

PearTree dirige environ 250 millions de dollars annuellement dans l’exploration minière et le développement de mines au Canada. Alors que nous effectuons un retour au marchés plus rationnels, notre équipe peut vous montrer comment générer du profit et l’améliorer pendant les périodes de précarité.” Lisa Davis, PDG de PearTree Securities lisa.davis@peartreecanada.com

Global

MINING SYMPOSIUM

PRESENTING COMPANY PROFILES

EY is a global leader in assurance, tax, strategy and transactions and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

Maple Gold Mines is an advanced exploration company focused on developing a districtscale gold project in one of the world’s premier mining jurisdictions. The company’s Douay Gold Project is located within the prolific Abitibi Greenstone Belt in northern Quebec, Canada.

Commerce Resources is an exploration and development company with a particular focus on deposits of rare earths and rare metals. It is advancing its Ashram rare earth elements and fluorspar deposit in Nunavik and its Blue River tantalum and niobium project in British Columbia. The company has released positive preliminary economic assessments for both projects, and is working towards completing a prefeasibility study for the Ashram deposit.

Hot Chili is an ASX listed copper explorer and developer with an exciting portfolio of projects at low altitude in Region III on the coastal range of Chile. The Company is developing a central copper hub named Costa Fuego, which combines all three of its projects (Cortadera, Productora and San Antonio) into what is considered to be one of the most desirable copper development locations in the world. With a combined Mineral Resource base of 2.9Mt copper, 2.7Moz gold, 9.9Moz silver and 64Kt molybdenum, the recent addition of the maiden Cortadera mineral resource ranks Costa Fuego amongst the largest copper Mineral Resources along the Chilean coastal range.

“Condor Gold is dual listed in Canada on the TSX under the symbol COG and in the UK on AIM under the symbol CNR. Led for the past 9 years by Chairman & CEO Mark Child, Condor is a gold exploration and development company with a focus on Nicaragua in Central America.

PearTree provides over $200 million annually in exploration and development capital working alongside institutional and strategic investors. The PearTree platform materially reduces the cost of capital for global investors interested in Canadian resources.

AbraPlata is an exploration company with a diversified portfolio of silvergold and copper projects in Argentina and Chile. The company is focused on advancing its 100%-owned Diablillos silver-gold project in Argentina’s Salta province. The Diablillos project is well-advanced, with more than US$40 million spent historically on exploration. Drilling is ongoing and the company completed a preliminary economic assessment on the open-pit project in 2018. AbraPlata is is led by an experienced management team and has long-term supportive shareholders including Eric Sprott, Altius Minerals, and SSR Mining. In addition, AbraPlata owns the Arcas project in Chile. Rio Tinto has an option to earn up to a 75% interest in the project by funding up to US$25 million in exploration. AbraPlata is listed on the TSX Venture Exchange under the symbol ABRA.

Golden Arrow Resources is a Vancouver-based explorer with a track record of discoveries and advancing them into exceptional deposits. The company advanced its Chinchillas silver project in Argentina’s Jujuy province from discovery to development in just five years, and then recently monetized the asset through a sale to SSR Mining. The company now benefits from a significant equity interest in SSR Mining, a leading precious metals producer. Golden Arrow holds more than 180,000 hectares of properties in Argentina that include a new epithermal gold project. It also has a district-scale frontier gold opportunity in Paraguay, and a base-metal project in the heart of one of Chile’s leading mining districts.

Established in 1996, in Sudbury, Ontario, HARD-LINE is technology company that is a global leader in mine automation, mine production optimization, and remote-control technology. We create innovative products placing the highest priority on safety while increasing efficiency for mine operations and other industries. HARD-LINE develops its products from the ground up, using years of experience in mining, electronics, electrical design, and mechanical design. No matter what type, make, age, or model of machinery, HARD-LINE can configure any equipment to operate remotely for surface and underground mining. As we approach the 25-year mark of operations, HARD-LINE continues to evolve – with two offices in Sudbury, including a new Technology Centre in the city’s downtown as well offices in Chile, Peru, and Utah with distributors located in Australia, U.S.A, and Mexico. Research and development is key to the growth of the company, with ground-breaking products constantly designed and perfected. This allows HARD-LINE to raise the efficiency of mines all over the world. Currently the company is expanding its headquarters, which will allow a larger manufacturing and distribution network, while enabling an increase in staff expertise. Expansion will be crucial to providing the global mining market with continuous cost-saving solutions. HARD-LINE prides itself on innovation, creativity, diversity, and teamwork and has become a true Canadian success story. When the mining industry has a problem, HARD-LINE has a solution for it. McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen Mining’s goal is to create a profitable gold and silver producer focused in the Americas. McEwen Mining has approximately 409 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 20% of the shares.

MICROMINE develops mining software solutions spanning the entire mining process from geological exploration and 3D mine design to mine production management, mine production control and data management solutions. MICROMINE has three core software solutions: Pitram is a fleet management and mine control solution that records, manages and processes mine site data in real-time. As a scalable solution, it is suitable for underground and surface mine construction, development and production. Micromine is a comprehensive and easy to use exploration and mine design solution, which offers integrated tools for modelling, estimation, design, optimisation and scheduling. Geobank is a geological data management software solution that provides a flexible and efficient environment for capturing, validating and managing your data. Customers use MICROMINE software to maximise their asset value, increase productivity and for decisions on which they know they can rely. Our software is renowned for its ease of use yet powerful capabilities. All products are available in numerous languages and supported by local experts. Founded over 30 years ago, MICROMINE solutions are used at more than 2,000 sites in over 90 countries.

The Company holds a 100% interest in 6 core gold projects strategically located along the Destor-Porcupine Fault Zone in the Timmins Gold Camp with over 85 million ounces of past gold production. The main Golden Highway Project covers 12 km of prospective ground along the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate comprised of an indicated resource of 676,900 ounces gold contained within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold contained within 10.78 Mt @ 4.00 g/t Au in the inferred category at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits. A PEA study completed on the South West Deposit, one of 6 deposits located on the Golden Highway project, highlighted an 11-year mine life with an after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback, generating C$371MM LOM after-tax free cash flow. The project envisaged underground mining producing 76,000 oz/pa at a cash cost of US$590/oz.

Renforth Resources (RFR - CSE) is an asset deep junior, fully funded (upon closing of a sale transaction) to drill and add value to our 5 property portfolio, specifically the Parbec Gold open pit deposit on the Cadillac Break, adjacent to the Canadian Malartic Mine, with no additional dilution. The minimum $8 million CAD which will be banked upon closing of the sale will fund a significant drill program designed to increase the size and depth of the relatively shallow Parbec Gold deposit, which neighbours Canada’s largest open pit gold mine. Renforth has also made polymetallic discoveries and acquisitions adjacent to Canadian Malartic on 2 of our properties of copper, silver, nickel, PGMs and Zinc mineralization, along with gold. Near term Renforth will drill at Parbec and continue exploration on the polymetallic properties, all with no public financings anticipated in the foreseeable future.

Sun Summit Minerals (formerly San Marco Resources) is exploring multiple high priority gold and silver targets through aggressive, fully funded exploration campaigns with year round drilling access. Tune in to learn more about the company’s exploration programs and plans for ongoing drilling at its flagship Buck property in north-central British Columbia. The property has bulk-tonnage gold and silver potential and is located in a mining-friendly region that includes many former and current operating mines. The company has a committed management team with extensive experience, a proven track record in discovery to project development, and a focus on environmental and social responsibility.

Global

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MINING SYMPOSIUM

AGENDA | DAY 1 - TUESDAY NOV. 10, 2020 all times shown are Eastern Time (EDT)

10:00am

The Northern Miner Welcome Remarks | Anthony Vaccaro, Group Publisher, The Northern Miner Group

10:10am

Ernst & Young Thought Leadership Panel | If your cybersecurity is simply up to date, is it up to emerging threats? —EY Mining Cybersecurity Panel Discussion. Yogen Appalraju, Cybersecurity Leader, EY Canada Chandra Majumdar, Cyber Threat Management Leader, EY Canada David Rae, President and CEO, Dundee Precious Metals Effie Simanikas, Vice President, Operations, Finance and Information Technology, IAMGOLD

10:50am

Condor Gold Investor Presentation | Mark Child, Chairman & CEO, Condor Gold

11:00am

Featured Speaker Presentation | John McConnell, President and CEO, Victoria Gold Corp. Moderator: Alisha Hiyate, Editor, Canadian Mining Journal, Diamonds in Canada

11:45am

Featured Speaker Presentation | Chris Hinde, Director Pick and Pen Ltd.

11:55am

Golden Arrow Resources Investor Presentation | Brian McEwen, Vice President Exploration and Development, Golden Arrow Resources Corporation

12:45pm

Maple Gold Mines Investor Presentation | Matthew Hornor, President & CEO, Maple Gold Mines

1:00pm

McEwen Mining Investor Presentation | Rob McEwen, Chairman and Chief Owner, McEwen Mining Inc. Peter Mah, Chief Operating Officer, McEwen Mining Inc.

1:15pm

Moneta Porcupine Investor Presentation | Gary O’Connor, CEO and Chief Geologist, Moneta Porcupine

1:25pm

Video presentation from our Silver Sponsor: HARD-LINE

1:45pm

AbraPlata Resource Corp Investor Presentation | John Miniotis, CEO, AbraPlata Resource Corp.

2:00pm

Keynote Speaker Presentation | David Elliott, Vice President and Director, Haywood Securities

2:40pm

Closing Remarks

THOUGHT LEADERSHIP PANEL TUESDAY NOVEMBER 10, 2020 | 10:10AM

If your cybersecurity is simply up to date, is it up to emerging threats? — EY Mining Cybersecurity Panel Discussion

Moderator

Panelist

Yogen Appalraju Cybersecurity Leader EY Canada

Chandra Majumdar Cyber Threat Management Leader EY Canada

David Rae President and Chief Executive Officer Dundee Precious Metals

Effie Simanikas Vice President, Operations Finance & Information Technology Imagold

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AGENDA | DAY 2 - THURSDAY NOV. 12, 2020 all times shown are Eastern Time (EDT)

10:00am

The Northern Miner Welcome Remarks | Anthony Vaccaro, Group Publisher, The Northern Miner Group

10:15am

PearTree Financial Opening Presentation | Lisa Davis, CEO, PearTree Securities

10:25am

Executive Address | Serafino Iacono, Executive Chairman, Gran Colombia Gold Moderator: Trish Saywell, Editor-in-Chief, The Northern Miner

11:05am

Sun Summit Minerals Investor Presentation | Robert Willis, CEO, Sun Summit Minerals

11:20am

Amazon (AWS) / OpsGuru / Xerris – Thought Leadership Panel | Enhancing Connectivity with Cloud Technologies Join Amazon Web Services, OpsGuru, and Xerris for a panel discussion about how mining companies are utilizing cloud technology to securely connect their mining operations and realize better value Nolan Finch, Worldwide Technical Leader for Mining, AWS Jeremy Tooley, CEO/President, Xerris Dave Lindon, General Manager, OpsGuru Canada

12:00pm

Video presentation from our Silver Sponsor: HARD-LINE

12:15am

Featured Speaker Presentation | In conversation with Andrew Cheatle, Non-Executive Director/Director, Condor Gold plc./Troilus Gold on the UN’s Sustainable Development Goals

1:35pm

Commerce Resources Investor Presentation | Chris Grove, President, Commerce Resources

1:45pm

MicroMine Investor Presentation | Guido Perez, Head of Business Unit, Pitram – Americas, Micromine

2:00pm

Keynote Speaker Presentation | David Rosenberg, President, Chief Economist and Strategist, Rosenberg Research & Associates Inc. Moderator: Anthony Vaccaro, Group Publisher, The Northern Miner Group

2:40pm

Closing Remarks

THOUGHT LEADERSHIP PANEL THURSDAY NOVEMBER 12, 2020 | 11:20AM

Amazon Web Services Thought Leadership Panel Enhancing Connectivity with Cloud Technologies

Moderator

Carl Williams Senior Reporter, The Northern Miner Panelist

Panelist

Nolan Finch Worldwide Technical Leader AWS

Dave Linden General Manager Opsguru, Canada

Jeremy Tooley CEO / Preseident Xerris

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GUEST SPEAKERS Andrew Cheatle • CEO

Andrew Cheatle (P.Geo., MBA, FGS, ARSM) is an experienced geoscientist, seasoned CEO and director within the mining industry. As a professional geoscientist and graduate of the Royal School of Mines, Imperial College, London, his 30-plus-years international career has encompassed both the senior and junior mining sectors. Based in London (UK) and Toronto (Canada), he is a sought-after advisor to the minerals industry, specializing in technical assessments, corporate development, and investments. Andrew sits on the Board of Directors at Condor Gold plc and Troilus Gold Corp and also volunteers on the advisory councils of the Development Partner Institute, the CanadaInternational Finance Corporation Africa Local Economic Development Partnership and as a Director of International Women in Mining. He is passionate about the mining industry’s role in community and national development.

Chris Hinde • Director of Pick and Pen Ltd.

Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously led the metals and mining team at S&P Global Market Intelligence. Chris has over 40 years of experience in the mining industry. After qualifying with a 1st in Mining Engineering at Cardiff University and obtaining a Ph.D in rock mechanics, he worked at a gold mine owned by Anglo American in South Africa. He subsequently worked for SRK Consulting and Golder Associates in South Africa and the U.K., before a short period in stock broking. For many years, Chris led the editorial teams at the weekly Mining Journal and monthly Mining Magazine, and was instrumental in establishing the Mines & Money series of conferences.

PRESENTERS Yogen Appalraju • EY Canada Cybersecurity Leader

As Canada’s Cybersecurity leader at EY, Yogen is responsible for building a cybersecurity practice that offers a holistic approach to all aspects of risk - from cyber program management, cyber threat management and business resilience - to security operations centers, digital identity, and data protection and privacy. Yogen is committed to working closely with companies to help them grow, optimize, and take the upper hand on cybercriminals by preparing them on how to react, respond, recover and maintain their security. Throughout his 20+ year experience in cybersecurity, technology risk and digital resiliency, he has served as a business security leader and CISO for various multinational organizations. In addition, he has experience with advanced services including threat intelligence, big data analytics, machine learning and cloud to develop next generation solutions to keep up with the increasing cyber threats the industry faces. As a chartered accountant, he combines his business knowledge with expertise in enterprise risk, compliance and security solutions, especially in regulated environments, to serve his clients. Yogen has been closely involved with the mining industry in the last five years and is actively serving several mining clients with global operations in areas of cyber program transformation, advanced cyber threat detection and response, and innovative ways to monitor operational technology environments in mine sites.

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PRESENTERS Nicole Brewster • President and CEO Renforth Resources Inc.

Nicole Brewster brings an early career in capital markets and a successful private practice as an exploration contractor, experienced in acquiring and leveraging data to execute targeted exploration within budget for clients. This supported a re-invigoration of Renforth, today with six mineralized assets, including two open pit gold resources on Quebec’s Cadillac Break. In addition to assembling a compelling land package for Renforth, Nicole has signed an LOI to sell the New Alger asset at a profit for shareholders. This transformative first will, upon closing, have Renforth fully funded for the foreseeable future, able to focus on adding value to the rest of the portfolio, specifically the Parbec open pit gold resource, with no additional dilution.

Mark Child • Chairman & CEO, Condor Gold

Mr. Child was commissioned as an officer in the 2nd King Edward VII’s Own Gurkha Rifles and served in the British Army for 4 years. He joined Condor’s Board in May 2006 and became CEO in July 2011. He acquired the concessions that comprise La India Project and has raised the finance and developed the Project into what it is today. Mr Child has 20 years of equity capital markets experience, as an institutional stockbroker and in corporate finance/private equity, mainly in emerging markets. At board level Mr. Child has been an executive director of Hong Kong listed Regent Pacific Group, an emerging market fund manager and private equity group, which spun off Charlemagne Capital Limited. He has board level experience of AIM listed and private companies.

Lisa Davis • CEO PearTree Securities Inc.

Lisa is the Chief Executive Officer of PearTree Securities Inc., a boutique financing and advisory firm focused on the junior Canadian resource sector. With extensive advisory and business experience in the investment industry including over a decade focused on corporate finance to fund mineral exploration and development projects, Lisa oversees the strategic direction of the firm. Drawing on the in depth knowledge of securities regulation gained while on secondment to the Ontario Securities Commission and as General Counsel for a specialized investment fund business, Lisa is also responsible for the legal and compliance aspects of the firm’s business. While in private practice, Lisa specialized in corporate and securities law with two international law firms including as a partner of Fraser Milner Casgrain LLP (now Dentons). Lisa is a graduate of Osgoode Hall Law School and has earned her ICD.D designation from the Institute of Corporate Directors. Lisa is a Director of the Prospectors & Developers Association of Canada (PDAC) as well as co-chair of the Finance & Taxation Committee of the PDAC. She is also on the Advisory Board for LIGHTS, a program in partnership with Community Living Toronto aimed at addressing the significant shortage of independent and appropriate housing for intellectually disabled citizens in Toronto.

CONTINUED ON PAGE 8

Fully Permitted La India Project, Nicaragua

NYSE & TSX -

• 2.32M oz gold at 4.0g/t Mineral Resource including Mineral reserve • 1.12M oz gold fully permitted from extraction from 3 open pits

Web: mcewenmining.com Email: info@mcewenmining.com Tel: 1-866-441-0690

A TURNAROUND IN PROGRESS Producing Gold & Silver Exploration Building Ounces In Prime Precious Metal Districts Big Insider Ownership Large, Advanced Copper Deposit

TSX: COG AIM:CNR

www.condorgold.com information@condorgold.com

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PRESENTERS Christian Easterday • Managing Director, Hot Chili

Christian Easterday is the managing director of Hot Chili, a copper exploration and development company with significant copper assets in Chile. A geologist with over 20 years of experience, he has held senior positions and exploration management roles with top-tier gold companies including Placer Dome, Hill 50 Gold and Harmony Gold, specialising in structural geology, resource development and mineral economic valuation. For the last five years, Christian has been involved in various aspects of project negotiation. This work has involved negotiations and valuations covering gold, copper, uranium, iron ore, nickel, and tantalum resource projects in Australia and overseas. He holds an honours degree in geology from the University of Western Australia, a Masters degree in mineral economics from Curtin University of Technology and a Masters degree in business administration from Curtin’s Graduate School of Business.

Nolan Finch • Worldwide Technical Leader, Mining at AWS

Nolan is the Worldwide Technical Leader for Mining at AWS — joining the company in April 2020. In this role he is responsible for formation and execution of technical strategy in the AWS mining vertical and also serves as the technical point of contact for mining internally and externally. Prior to joining AWS, Nolan worked at Caterpillar for 8 years in roles primarily focused on predictive maintenance algorithm development and perception system development for autonomous systems. Before joining Caterpillar, Nolan worked for 8 years at Sandia National Laboratories in Albuquerque, New Mexico. Nolan holds an M.S. in Mechanical Engineering from Stanford University and a B.S. in Mechanical Engineering from the Missouri University of Science and Technology.

Chris Grove • President Commerce Resources

Mr. Grove joined the Commerce Resources board in 2102 after having worked for the company since 2004. Mr. Grove has assisted the company in raising ~$80 M CAD with global financial contacts, and became President of Commerce Resources in September 2014.

Matthew Hornor • President and CEO, Maple Gold Mines

Mr. Hornor is an executive leader with a proven track record in legal, financial and business development arenas. He has extensive expertise in structuring and negotiating complex strategic partnerships and raising capital within the Ivanhoe group of companies for over 10 years. Mr. Hornor previously served as Managing Director for Ivanhoe Capital Corporation and Vice President and then Executive Vice President for Ivanhoe Mines Ltd. for 10 years. During his time at Ivanhoe Mines Ltd., he negotiated project financings for development projects with international banking syndicates, structured strategic alliances and directly negotiated equity capital raises totalling more than $450 million. After arranging a $290 million strategic financing from a Japanese consortium (lead by Itochu Corporation) to fund the Platreef project’s early exploration and development, Mr. Hornor sat as Chairman for Ivanplats Holding SARL (owner of the Platreef project) for over four years.

TSX.V: SMN

Exploring multiple high priority gold and silver targets through aggressive, fully funded exploration campaigns • Ongoing drill program at Buck Property, central B.C., to continue into the new year • Year-round exploration • Excellent road access/infrastructure • Multiple underexplored targets within ~22,000 ha tenure package • Experienced management team with track record of discovery success

778-588-9606 | sunsummitminerals.com

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MINING SYMPOSIUM

PRESENTERS Dave Lindon • General Manager, OpsGuru Canada

Dave Lindon is the General Manager of OpsGuru Canada. His career started in Telecommunications where he gained the first-hand experience on the criticality of reliable communications. Dave has since focused on Cloud Technologies, through time at an AWS premier partner and Google Cloud where he was responsible for large-scale enterprise cloud adoption across North America. Through assisting a variety of miners across a range of commodities, Dave has developed a deep understanding of how best to apply digital technologies within mining organizations and the strong belief that mining has a unique opportunity to renew technology infrastructure, connect data systems and enable advanced analytics and artificial intelligence to provide bottom-line improvements to the business.

Peter Mah • Chief Operating Officer, McEwen Mining Inc.

Peter Mah is a professional engineer with 30 years of global mining experience spanning gold, diamonds and base metals. Prior to joining McEwen Mining, his roles included chief operating officer and executive vice president of Luna Gold; group executive of Newmont Mining; general manager at De Beers’ Victor mine; mine manager at Newcrest Mining’s Kencana mine, and engineering roles at Goldcorp and Placer Dome. Peter has a track record of building and operating mines, most notably the Kencana underground mine in Indonesia, which produced over 400,000 ounces of gold per year, and the Victor open pit diamond mine in Ontario. He was a director of the Ontario Mining Association, and holds a Bachelor’s of Applied Science in mining and mineral process engineering and a Master’s of Applied Science from the University of British Columbia.

Chandra Majumdar • EY Canada Cyber Threat Management Leader

As EY Canada’s Cyber Threat Management Leader, Chandra is responsible for building a cyber threat management practice that offers Managed Threat Detection and Response, Threat & Vulnerability Management, Threat Intelligence, Security Assessments and Adversary Simulation. He has in-depth experience working with clients in the mining sector securing mine sites in North America, Africa, Europe and Asia. Chandra brings over 15 years industry experience in MDR, SIEM, SOAR, DFIR, OSINT, and CTI. He has extensive experience in managing CERT, Leading Incident Response, Threat detection, Penetration testing, and Vulnerability management for IT, OT and IoT systems.

Brian McEwen • Vice President Exploration and Development, Golden Arrow Resources

Brian McEwen is a professional geologist with more than 30 years of exploration and production experience in open-pit and underground mining projects and operations. Brian has managed numerous projects in Canada, the United States, Europe, Asia, Africa, and throughout Latin America. His previous roles include more than a decade with MRDI (AMEC Peru), where he was responsible for project management, economic resource and reserve calculations for precious metal and base metal companies worldwide, including BHP, CM Antamina, Teck Resources, Hochschild and Phelps Dodge, among others.

CONTINUED ON PAGE 10

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MINING SYMPOSIUM

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PRESENTERS Rob McEwen • Chairman and Chief Owner, McEwen Mining Inc.

Rob McEwen is the chairman and chief owner of McEwen Mining Inc. Rob owns 20% of the company, his cost base is $165 million and his salary is $1 per year. Rob founded Goldcorp Inc. which, during the last 13 years of being its CEO, grew its market cap 160 times and its share price at a compound annual rate of 31%. Rob was awarded the 2001 PDAC Developer of the Year Award, was named Canada’s Most Innovative CEO in 2006 by Canadian Business Magazine, and was inducted into The Canadian Mining Hall of Fame in 2017. He received the Order of Canada in 2007. Rob and his wife Cheryl, have donated more than $60 million to encourage excellence and innovation in healthcare and education.

John Miniotis • CEO. AbraPlata Resource Corp

John Miniotis has over 15 years of experience in the mining industry focused primarily on mergers and acquisitions, equity capital markets, investor relations and corporate finance. Prior to joining AbraPlata Resource Corp., he was the interim CEO of Aethon Minerals Corp., where he was responsible for overseeing the company’s capital markets and mergers and acquisitions strategy, which culminated in its successful merger with AbraPlata. Prior to joining Aethon, John was the vice president of corporate development at AuRico Metals, which was acquired by Centerra Gold in January 2018 for about $310 million. John was also the senior manager, corporate development and investor relations, at Lundin Mining, where he played a key role in successfully executing various acquisitions valued over $2 billion. John holds the designation of chartered financial analyst and received a Bachelor of Business Administration degree from the University of Toronto.

Gary O’Connor • CEO & Director, Moneta Porcupine

Mr. Gary O’Connor, is currently CEO and a Director of the Company. He has over 35 years of experience in international mineral exploration and development. He is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), a Fellow of the Society of Economic Geology, and holds a graduate degree in geology, geophysics and environmental studies from the University of Auckland. Mr. O’Connor was Vice-President of Dundee Resources from 2007 to 2017 where he guided investment decisions with his technical due diligence on 200+ resource projects across all continents and covering gold, diamonds, base metals, bulk commodities and uranium. From 2000 to 2007, Mr. O’Connor was Vice-President, Exploration of Gabriel Resources Ltd. and Vice-President, Exploration of European Goldfields from 2000 to 2003 where he was responsible for the discovery, drill out, scoping and feasibility studies of a number of gold and gold-copper deposits. He was previously District Exploration Manager for Freeport-McMoRan in Papua, Indonesia.

Guido Perez • Head of Business Unit, Pitram – Americas Micromine

Guido Perez is a mining technology and innovation executive with over 15 years of experience working in project management and business development. Currently, Guido works at Micromine, a provider of innovative software solutions, as the head of the business unit for Pitram in the Americas region. His work has been focused on the Micromine product Pitram, the most widely used fleet management system in underground mining. Guido has been recognized in the Americas region for his contributions to the growth, territory expansion and account development both within North America and Latin America. He has been the leader for the Pitram underground operations with Fresnillo PLC and improving the performance at its Saucito and Fresnillo mines. Based in Denver, Colorado, Guido holds an MBA, a Masters degree in industrial engineering and a Masters in renewable energy.

• Large resource base of 2.1 million ounces with regional scale growth potential (700,000 ozs indicated, 1.4 million ozs inferred)

• 3 new discoveries in 2020 • Preliminary Economic Assessment study on South West deposit identifies C$49 million after tax annual cash flow for 11 years, C$371 million after tax cash flow LOM, C$236MM NPV5%, IRR 30%, LOM average cash costs US$590/oz (at US$1,500 gold/oz)

• New resource update by end of 2020 to include drilling from winter/spring 2020 program • Resource expansion drill program underway

New Strategic Partnership Formed with One of Canada’s Top Gold Producers • Premier Québec Abitibi advanced gold exploration company • Partnership with Agnico Eagle Mines combines high-grade past-producing mine with Maple Gold’s multi-million-ounce established resource • ~400 km2 joint Douay-Joutel property package hosts significant potential for resource growth and new regional gold discoveries • Fully funded to execute on multiple strategic initiatives

TSX:ME

www.monetaporcupine.com

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MINING SYMPOSIUM

PRESENTERS David Rae • President and Chief Executive Officer Dundee Precious Metals

David Rae is a seasoned international mining and smelting executive with extensive experience in Africa, Canada and Europe. He has held senior executive and operational roles in international mining companies including Falconbridge and Xstrata. David is a collaborative leader with a reputation of building high performing teams to optimize current assets allowing the business to focus on growth and business development. He holds a Bachelor of Science in Physical Metallurgy from Leeds University in Yorkshire, England. Mr. Rae joined Dundee Precious Metals in 2012 as Senior Vice President, Operations and was appointed Executive Vice President and Chief Operating Officer in 2014. In May 2020, he assumed the role of President and Chief Executive Officer.

Effie Simanikas • Vice President, Operations Finance & Information Technology IAMGOLD

After holding executive roles in the multiple sectors, Effie Simanikas joined IAMGOLD in 2011, where she oversees finance for the operations and leads the global IT group. In 2019, Effie co-led a successful transformational initiative to evaluate several growth strategies and eventually support IAMGOLD’s current growth direction. She is active on several Cote Gold joint venture committees, is a member of the Board of Euro Ressources, and is actively involved in several organizations committed to women’s advancement at work, including the Canadian Diversity Council.

Jeremy Tooley • CEO / President Xerris

Jeremy Tooley is a seasoned IT leader who specializes in transforming organizations. He possesses a passion for applying modern technology innovations to customer experiences in all industries. Jeremy has delivered upon transformational business and technology strategies for over 18 years and is deeply experienced in cloud and digital technologies.

Robert D. Willis, B.Sc., P.Eng. • CEO

Robert (Bob) Willis has worked in the mineral resources industry for more then 35 years. Mr. Willis currently serves as CEO and Director of Sun Summit Minerals (formerly San Marco Resources), which he started with business associate R. Stuart “Tookie” Angus. Prior to that, Mr. Willis founded and held senior management positions with Pioneer Metals, Manhattan Minerals, and Geologix Exploration. He has been involved in the evaluation and acquisition of under-valued assets and was a key player in moving them into production, such as the Stibnite heap leach gold mine in Idaho, the Silbak Premier gold and silver property in B.C., and the Moris open pit heap leach gold property in Mexico. Mr. Willis graduated in 1973 from the University of British Columbia with a Bachelor of Science degree in Geology. ai16034035358_01559RENFORTH_AD-OCT2020.pdf

2020-10-22

5:52 PM

ASX: HCH

RFR - CSE

HOT CHILI LIMITED:

BUILDING A COPPER SUPER HUB IN CHILE

FULLY FUNDED OPEN PIT GOLD RESOURCE 15,000M DRILL PROGRAM ONGOING C

LISTED ON THE ASX: HCH

ELEMENTS OF SUCCESS

THE RIGHT ROCKS

THE RIGHT LOCATION

THE RIGHT TIME

Hot Chili’s combined Costa Fuego copper project is one of the largest, low-altitude clean-concentrate copper projects in the world not controlled by a major mining company. The recently announced Cortadera maiden resource is one of just two major copper discoveries announced globally since 2016.

CMY

2.9Mt Copper Cortadera—World Class Chilean copper discovery 2.7Moz Gold 451Mt maiden resource just announced 9.9Moz Silver Largest copper resource and 8th largest gold resource for an ASX-listed emerging company Website: hotchili.net.au

renforthresources.com

Email: admin@hotchili.net.au

Phone: +61 89315 9009

Head Office: First Floor, 768 Canning Highway, Applecross, Western Australia 6153

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NORTHERNMINER.COM/GMS #GMS2020

MINING THANK YOU symposium presented by

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