The Northern Miner April 12 2021 Issue

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Stars are aligning for uranium price rally ANALYSIS

| Sector sees a new phase of investment in nuclear energy

Hudbay makes discovery near Rosemont in Arizona COPPER

| Location held small mines that

operated from mid-1800s to mid-1900s

BY TRISH SAYWELL tsaywell@northernminer.com

W

Temelín nuclear power plant in the Czech Republic. ISTOCK/MARTINLISNER

BY FRIK ELS

T

Executive Editor, MINING.COM

he uranium market is emerging from years in the doldrums as the overhang from the nuclear disaster in Japan is cleared and global demand picks up steam.

The spot price for U3O8 moved above US$30 per pound for the first time this year as uranium producers and mine developers hoover up above-ground inventories and reactor construction continues apace.

Two new research notes from BMO Capital Markets and Morgan Stanley say current prices of around US$30.50 per lb. marks a floor and predict a rally in prices over the next few years to the ~US$50 level by 2024.

The stars seem to be aligning for a new phase of nuclear energy investment with the U.S., China and Europe bolstering the bull case for the fuel this month.

Although nuclear energy was not mentioned explicitly in the US$2 trillion infrastructure proposal U.S. President Joe Biden released on March 31, its federally mandated “energy efficiency and clean electricity standard” is hardly achievable without it.

Leaked documents in early April showed a panel of experts advising the EU is set to designate nuclear as a sustainable source of electricity, which opens the door for new investment under the continent’s ambitious green energy program.

China’s 14th five-year plan released on March 11 also buoyed the uranium market with Beijing planning to up the country’s nuclear energy capacity by 46% — from 48GW in 2020 to 70GW by 2025.

There are several factors working in uranium’s favour, not least the fact that annual uranium demand is now above the level that existed before the 2011 Fukushima disaster when Japan shut off all its reactors: • Uranium miners, developers and investment funds like Yellow Cake (13 million lbs inventory built up so far) are buying material on the spot market bringing to more normal levels government and utility inventories built up over the last decade.

• Major mines are idled including Cameco’s Cigar Lake (due to Covid-19), which accounts for 18 million lbs or 13% of annual mine supply. The world’s largest uranium operation, McArthur River was suspended back in July 2018 taking 25 million lbs off the market.

• Permanent closures so far this year include Rio Tinto’s Ranger operation in Australia (3 million lbs) and Niger’s Cominak mine (2.6 million lbs), which had been in operation since 1978. Rio Tinto is exiting the market entirely following the sale of Rössing Uranium in Namibia.

• Like Cameco, top producer Kazatomprom, which mined 15% less material last year due to Covid restrictions, has committed to

below capacity production (–20% for the state-owned Kazakh miner) for the foreseeable future.

• Price reporting agency and research company UxC estimates that utilities’ uncovered requirements would balloon to some 500 million lbs by 2026 and 1.4 billion lbs by 2035.

• Roughly 390 million lbs is already locked up in the long term market while 815 million lbs have been consumed in reactors over the last five years, according to UxC. • There are 444 nuclear reactors in operation worldwide and another 50 under construction — two new connections to the grid and one construction start so far in 2021.

• Much cheaper and safer, small modular nuclear power reactors, which can readily slot into brownfield sites like decommissioned coal-fired plants (or even underground or underwater) are expected to become a significant source of additional demand.

There are caveats to this rosy scenario, however. Morgan Stanley warns that “the opacity of the inventory situation remains a key uncertainty to price — see for example palladium, which needed almost seven years of deficit before the price really took off.”

BMO says given the still high levels of inventories, “acute shortages and price squeezes are extremely unlikely, both for this year and the foreseeable future,” adding that “there is no obvious need for new mine supply in the near future.” TNM

hen Hudbay Minerals (TSX: HBM; NYSE: HBM) acquired Augusta Resources in September 2014, the key objective was to advance its Rosemont copper project, which if put into production will be one of the largest copper mines in the United States.

But the acquisition also brought with it a package of patented mining claims on private land within seven km of the open-pit project, which held about 20 small pick and shovel underground mines that had operated between the mid-1800s and mid-1900s and produced about 440,000 tons of copper at an average grade of 4.42%.

“When we took Augusta over we were most keenly interested in the half-billion-tonne Rosemont project, but also knew they had identified and knew about some of these what we’d call satellite opportunities for copper in a historic district,” says Cashel Meagher, Hudbay’s senior vice president and chief operating officer.

“The district was then known as Helvetia, but Augusta had identified three potential resources, Broad Top, Copper World and Elgin Peach, so we knew the exploration targets were there. We knew they were future opportunities, but at the time our primary focus and concern was Rosemont itself, redoing the feasibility study and moving that through to production, and knowing that those exploration opportunities would come after our focus on developing Rosemont itself.”

With Rosemont currently suspended due to legal challenges over its plan to put some of the project’s mining infrastructure on federal land, the time seemed right to kick off exploration in the area and at the same time, make sure through condemnation drilling for Rosemont, that any planned water and power pipelines wouldn’t be built on prospective geology.

“While we’re waiting for Rosemont to be decided in the ninth circuit in the court of appeals we felt this was an opportunity to evaluate these targets we always knew existed,” Meagher says. “With respect to the lawsuit, our view is that since the mid-1800s the mining laws of the U.S. have supported the use of federal lands for mining

MINERS RAISED $4.8B IN PRIVATE PLACEMENTS LAST YEAR / 6

“WHILE THEY ALL HAVE DISTINCT NAMES AND WHILE THERE ARE 20 SEPARATE HISTORIC MINES IN THERE, WE BELIEVE IT’S ONE MINERALIZED TREND.” CASHEL MEAGHER SENIOR VICE PRESIDENT AND COO, HUDBAY MINERALS

infrastructure, and we believe that in the Ninth District our appeals will be upheld.”

In the meantime, the 20-odd historic mines on the property near Rosemont signaled there was “smoke,” he says. “There was definitely good mineralization to justify mining so many mines. We wanted to see if we could compile the data and see if the mineralization See COPPER / 7

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Trillium Gold bets on high-grade projects in Ontario’s Red Lake district ONTARIO

BY TRISH SAYWELL

A

tsaywell@northernminer.com

year ago, Russell Starr was senior vice president of corporate finance at Auryn Resources (now Fury Gold Mines) and slated to take charge of its Peruvian assets in a spin-out called Tier One Silver, when he heard about the Newman Todd gold project in the Red Lake district of northwestern Ontario. (The project is about 20 km west of the Red Lake gold mine complex, which Evolution Mining (ASX: EVN) acquired in November 2019.)

| Company is now second-largest landholder in the area

A broker at PI Financial, a private independent dealer, showed Starr some of the historic drill results from the roughly 60,000 metres (165 holes) the project’s joint-venture owners (Confederation Minerals and RedStar) had drilled between 2010 and 2013, and his career veered in a whole new direction.

Highlights included 681 grams gold per tonne over half a metre starting from 332.50 metres downhole (drillhole NT-114); 10 metres of 7.43 grams gold from 63 metres downhole (NT-162); 16 metres of 8.63 grams gold starting from 197

metres (NT-056); 2.3 metres of 89.86 grams gold from 251.7 meters (NT083) and 1 metre of 139 grams gold starting from 304 metres downhole (NT-108). About 41% of the holes intersected more than 10 grams gold per tonne and none of the previous drilling had gone deeper than about 400 metres. “They were world-class intercepts in anyone’s world,” Starr recalls, “basically every second hole hit high-grade, it was just too good an opportunity to pass up.”

Starr left Auryn in July to join Confederation Minerals, renamed Trillium Gold (TSXV: TGM; US-

OTC: TGLDF), and “put a big chunk of change into it.” (Management and insiders own about 40% of the company.)

One of the first things he did as CEO was increase Trillium’s ownership in Newman Todd from 83.5% to 100%. He then started picking up other projects in the area, expanding the company’s reach in the Red Lake district to 55,000 hectares — the second-largest land holder in the camp after Evolution Mining, he says.

“We went on a buying spree,” Starr says. “Red Lake is cut up into

little puny companies that are never going to move the needle for a major.

In my view to move the needle for a major you need a district-scale package and hence we bought a lot of the Confederation belt.”

In August, Trillium Gold acquired an 80% stake in the Gold Centre property from Rupert Resources (TSXV: RUP). Gold Centre sits 1 km to the southeast of the headframe of the Red Lake mine and part of the property lies just 350 metres from where Evolution Mining is drilling See ONTARIO / 7

The uncertainty lurking in auto propulsion technology BATTERY METALS

BY JEFFREY CHRISTIAN

T

Special to The Northern Miner

here is a great deal of uncertainty about what the future of automotive propulsion technology will be and this presents challenges to capital formation and allocation.

Five years ago people were not certain if EVs would take a major share of the on-road vehicle market, let alone how fast such a transition would occur. There also were questions about which type of batteries might be used and which metals would be required. Over the past five years a consensus view has formed that EVs represent the future of motive power for road transportation.

The reality is that five years from now that consensus may have evaporated — replaced by hydrogen engines or some other technology.

This is not to suggest that hydrogen engines would be material in five years, but rather that the enthusiasm and beliefs, and possibly government proclivities if not policies, easily could shift away from a focus on EVs to something else.

This is nothing new. In the two decades following the invention of the Motorwagen in 1886 the consensus was that EVs would be the motive power of the future, displacing gasoline, diesel, and even steam.

By 1900 most of the cars being built were electric. By 1920 the EV indus-

| Will electric propulsion be an interim transition technology?

5 Scenarios: Battery Electric Vehicle and Plug-in Hybrid Electric Vehicle Market Share Global Passenger Light Duty Percentage

Diesel’s Market Share of Major Passenger Car Markets Annual, through 2020

60%

35.0%

Western Europe India United States Japan China

50%

30.0% 25.0%

40%

20.0% 30% 15.0% 20%

10.0%

10%

5.0% 0.0% 2005

2010

2015

2020

2025

2030

0% 1990

1993

1996

1999

2002

2005

2008

2011

2014

2017

2020

Note: Japanese data is diesels as a percent of cars in use. U.S. data is estimated for 1990 through 2001.

Sources: Historical data – JAMA, ACEA, CAAM, news articles. Projections & estimated data – CPM Group

CPM 2020 Platinum Group Metals Yearbook.

try was largely gone.

Some of the brightest and most impartial observers of the current search for future technologies again are thinking that electric propulsion could once more prove to be an interim transition propulsion technology that displaces gasoline and diesel while serving as a bridge to something else.

CPM is not here to tell you what the future has in store. We are here to tell you to be careful about assuming that what the future has in store is clearly visible today. The range and scope for innovation over the

NOVA SCOTIA GOLD PROPERTIES FOR OPTION 6 Former Gold Producers with 0.16-0.91 oz/t Average Grade Emerging Meguma Gold Camp 5 Additional Gold Showings in Meguma Environment Pmackinnon3@gmail.com | 902-285-4261

coming decades far exceed some overly confident prognostications.

Suffice it to say that at CPM we tend to study and write about New Energy Vehicles (NEVs), a term used by the Chinese government and industry, which are leaders in new propulsion technology developments, as opposed to EVs. CPM is working through revisions of its projections of the growth rate of market share of EVs over the coming decade and the next 30 years. We have more than a dozen scenarios with varying probabilities assigned to them. The chart above (top left) shows five of the more possible scenarios.

EVs are growing faster than CPM and others had expected, even as some of the more aggressive forecasts of EV market penetration by others have been reduced. The reality is that there is great uncertainty about how fast EVs can take market share.

There also are great uncertainties about how much of various metals EVs will require. For example, the projected demand for cobalt was cut by one third a few years ago and by another half more recently, so future cobalt requirements from EVs and ESS (electrical storage systems) now is a third of what was projected by cobalt promoters just three years ago. Furthermore, there are various lithium ion batteries under development with no cobalt in them.

Conversely, projections of the amount of high purity manganese that may be needed have grown,

along with high purity nickel sulfate, in part since these are what have been and are likely to continue to displace the use of cobalt.

You can find experts who will tell you that any rapid expansion of EV production will face massive shortages of nickel sulfate, manganese, cobalt, lithium, graphite.

Some say that much of the current and prospective production capacity does not produce suitable grades and forms of these metals for use in EV and ESS batteries. You also can find any number of experts who will assure you that none of this is true.

There is an old adage that knowledge breeds silence. In the markets this has long been interpreted as “Those who know do not talk, and those who talk do not know.”

Beyond the opinions of experts there are the realities of production, demand, and rapidly evolving technologies. All of these folks might be proven right: The available supplies of a given metal, whether it is nickel, manganese, cobalt, lithium, or another metal not yet on the radar screen, may not be suitable for use in batteries, but battery technology may have evolved in ways that either it can use such forms of the metals or it does not need the metals at all. Two years ago CPM was heavily involved in manganese market research related to batteries while other battery metal companies were not even thinking about manganese.

Now there are any number of newly minted manganese experts.

CPM has held the position for years that various constraints will slow the growth of EV market share: a. Insufficient electricity supply, b. Inadequate grid distribution stability and storage capacity, and c. The need for hundreds of billions of dollars in new factories to be built by under-capitalized and financially constrained OEM parts manufacturers.

We are now starting to hear more about the likelihood that there will not be enough motors, controllers, other parts, and various metal raw materials to meet some projections for the coming decade, which will constrain market share growth of EVs. There is an additional bogey man to consider as well. EVs are not as green as many promoters and politicians hold them out to be. Most of the electricity still comes from coal, gas, and oil powered plants. In the 1990s the EU political elite pushed diesel fuel and vehicles with subsidies, claiming diesel exhaust somehow was cleaner than petrol exhaust.

It made no sense, but it was politics, not science. The EU government gave up that deceit roughly a decade ago, at great cost to oil refiners, auto makers, consumers, and society as a whole. A similar let-down may well await EV advocates.

— Jeffrey Christian is managing partner of the CPM Group, a New York-based commodities research and consulting company.

GLOBAL MINING NEWS

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Battery metals are critical for a greener future

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GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO 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.

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he transition to electric vehicles could take a decade or two but demand for the key metals in batteries and energy storage systems will only continue to grow as the shift to a greener future gains traction.

China currently leads the world in EV and battery production. The latest statistics from

BY TRISH SAYWELL China’s Ministry of Industry and Information tsaywell@northernminer.com Technology, according to BMO Capital Markets, show that sales of new energy vehicles (NEVs) in February were 585% higher than the same month in 2020, and the country’s production of lithium-ion batteries jumped 108% year-on-year to 18.25 billion units annually in the months of January and February.

The U.S. wants to catch up. Under U.S. President Joe Biden’s US$2.3 trillion infrastructure renewal and job creation plan announced on March 31, US$174 billion has been earmarked for EVs. Some of the money will be spent on tax credits, rebates and other incentives for consumers, businesses and government that will lower the cost of EVs; and some of it will be spent on helping to build a network of 500,000 public charging stations by 2030. It also calls for procuring EVs for federal agencies.

In addition to EVs, US$620 billion will be spent on transportation infrastructure for highways, rail and roads, and about US$100 billion for modernizing the electric grid. The plan also calls for a “Clean Electricity Standard” — which would set requirements for zero-carbon energy sources for utilities by 2035, a move that would rein-in fossil fuel use and boost renewables such as wind and solar to fight climate change. There is also money for research and development and tax credits for clean-energy producers for generation and storage. “I’m convinced that, if we act now, in 50 years people are going to look back and say this was the moment that America won the future,” Biden said. “It’s a once-in-a-generation investment in America unlike anything we’ve seen or done since we built the interstate highway system and the space race decades ago. In fact, it’s the largest American jobs investment since World War II.” Whether Biden’s ambitious new deal is passed in its current form, and when, remains to be seen. The plan proposes tax increases that would pay for the deal over a 15-year period, including raising corporate taxes to 28% from 21%, and opponents like Republican Senate minority leader Mitch McConnell have said they will oppose it “every step of the way.” But even if concessions are made and only some of his proposals eventually make it through Congress — it will still be good news for mining companies that produce key battery metals like cobalt, lithium, and nickel; and those mining copper and rare earths.

“The adage of ‘if it can’t be grown it must be mined’ serves as a reminder that electric vehicles, transitional energy, and a green economy start with metals,” mining analysts Mike Kozak and Matthew O’Keefe of Cantor Fitzgerald wrote in a research note in late January. “The supply chain for batteries, wind turbines, solar panels, electric motors, transmission lines, 5G — everything that is needed for a Green Economy starts with metals and mining. Demand for these metals, principally lithium, nickel and cobalt on the battery side and copper, uranium and rare earth elements on the energy side is expected to rise rapidly.”

Kozak and O’Keefe forecast EVs will make up about 15% of new car sales by 2025 and that this figure will double to 30% (30 million EVs) by 2030. They also pointed out that EVs “require approximately 180 lb. copper per vehicle,” which is three times more than the roughly 55 lb. copper that is required in an internal combustion engine.

The analysts also say rising demand for ethically sourced metal will lead to direct investments in mining companies. “For security of supply as well as transparency and traceability of material supportive of clean/ ethical brands, we expect original equipment manufacturers (OEMs) will need to look to direct investments in mining companies to secure an ethical supply or risk being left behind,” they wrote. “This will likely take various forms including off-take agreements at established floor prices, direct investment at the project level and debt and equity financing at the corporate level.”

Where will the supply bottlenecks emerge, however? A recent UBS report forecasts deficits emerging for nickel this year; for rare earths in 2022; for cobalt in 2023; and for copper, lithium and natural graphite in 2024.

The Swiss multinational investment bank also predicts the size of the deficit by 2030 for each of the metals: 170,000 tonnes for cobalt; 10.9 million tonnes for copper; 2.1 million tonnes for lithium; 3.7 million tonnes for natural graphite; 2.2 million tonnes for nickel; and 48,000 tonnes for rare earths. These deficits, as a percentage of the market, are as follows: 42% for cobalt; 31% for copper; 50% for lithium; 37% for natural graphite and nickel; and 47% for rare earths, according to their estimates.

In this issue, we look at some of the companies advancing assets rich in the battery metals that are critical for the future. Enjoy the read. TNM

COMPANY INDEX AEX Gold . . . . . . . . . . . . . . . . . . . . . . . .6 Albemarle . . . . . . . . . . . . . . . . . . . . . . .13 AngloGold Ashanti . . . . . . . . . . . . . . . .6 Aris Gold . . . . . . . . . . . . . . . . . . . . . . . .6 Artemis Gold . . . . . . . . . . . . . . . . . . . . .6 Battle North Gold . . . . . . . . . . . . . . . . .7 Canada Nickel . . . . . . . . . . . . . . . . . . .12 Cerrado Gold . . . . . . . . . . . . . . . . . . . . .6 Cordoba Minerals . . . . . . . . . . . . . . . . .6 Cypress Development . . . . . . . . . . 12,13 Equinox Gold . . . . . . . . . . . . . . . . . . . . .8 Evolution Mining . . . . . . . . . . . . . . . . . .2 Fireweed Zinc . . . . . . . . . . . . . . . . . . .14 First Cobalt . . . . . . . . . . . . . . . . . . . . .13 Giga Metals . . . . . . . . . . . . . . . . . . . . .14 Glencore . . . . . . . . . . . . . . . . . . . . . . . .12 Great Bear Resources . . . . . . . . . . . . . .7 Hudbay Minerals . . . . . . . . . . . . . . . . 1,7 Ivanhoe Mines . . . . . . . . . . . . . . . . . 9,16 Laramide Resources . . . . . . . . . . . . . . .6 Leading Edge Materials . . . . . . . . . . . .15 Lithium South Development . . . . 13,14 Livent . . . . . . . . . . . . . . . . . . . . . . . . . .14 Lundin Mining . . . . . . . . . . . . . . . . . . . .8

Minerva Intelligence . . . . . . . . . . . . . .15 Neo Lithium . . . . . . . . . . . . . . . . . . . . .14 New Found Gold . . . . . . . . . . . . . . . . .14 Nickel 28 Capital . . . . . . . . . . . . . . 14,15 Noble Mineral Exploration . . . . . . . . .12 O3 Mining . . . . . . . . . . . . . . . . . . . . . . .6 Orezone Gold . . . . . . . . . . . . . . . . . . . . .6 Osisko Development Corp. . . . . . . . . . .6 Piedmont Lithium . . . . . . . . . . . . . . . . .9 Pure Gold Mining . . . . . . . . . . . . . . . . .7 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . .16 Rupert Resources . . . . . . . . . . . . . . . . . .2 Sayona Mining . . . . . . . . . . . . . . . . . . . .9 Scandium International Mining . . . . .15 SilverCrest Metals . . . . . . . . . . . . . . . . .6 Skeena Resources . . . . . . . . . . . . . . . . . .6 Solaris Resources . . . . . . . . . . . . . . . . . .8 Talon Metals . . . . . . . . . . . . . . . . . . . 8,16 Taseko Mines . . . . . . . . . . . . . . . . . . . .10 Tinka Resources . . . . . . . . . . . . . . . . . . .6 Trillium Gold . . . . . . . . . . . . . . . . . . . 2,7 United Lithium . . . . . . . . . . . . . . . . . .15 Vital Metals . . . . . . . . . . . . . . . . . . . . .15 Yamana Gold . . . . . . . . . . . . . . . . . . . . .6

THE VIEW FROM ENGLAND COLUMN

| Batteries are a welcome spark for the mining sector

BY DR. CHRIS HINDE Special to The Northern Miner

T

he international mining industry is in the early stages of the biggest collective boost it has received for almost 50 years. Arguably, the most recent equivalent was on August 15, 1971, when President Nixon declared that the price of gold would be allowed to float free.

Although the U.S. Government did not finally remove the dollar’s statutory link to gold until October 1976, the international adherence to a ‘gold standard’ had been weakening since the outbreak of the Great War in 1914. Gold was revalued from US$20.67 per ounce to US$35 per ounce in 1934, and an alternative ‘gold-exchange standard’ was introduced after WWII (under the Bretton Woods agreement) whereby countries fixed their exchange rates relative to the U.S. dollar, and central banks (not individuals) could exchange dollar holdings into gold at the fixed official rate.

The price of gold has soared in the five decades since President Nixon’s announcement, and more than half of the companies in the mining sector are now involved in the exploration, development and production of this precious metal.

I don’t believe that this is a helpful state of affairs for the long-term health of the mining industry. Fortunately a far more important inflection point is upon us. It is based on something first envisaged by one of America’s founding fathers over 270 years ago, was invented by an Italian, and then enhanced in the early 19th century by a swathe of scientists, including a Scotsman, a Welshman and two Englishmen.

Defined (in the Oxford Dictionary) as “a container consisting of one or more cells, in which chemical energy is converted into electricity and used as a source of power,” the battery might be key to widespread acceptance of the mining sector.

There is burgeoning demand for the metals from which batteries are formed. This appetite is driven by the near-universal acceptance of a need to reduce global carbon emissions and the resultant booming manufacture of electric vehicles.

The term ‘battery’ was coined in 1749 during experiments with electricity by one of the U.S.’s founding fathers, Benjamin Franklin (17061790). However, the inventor of the battery (as we understand it today) was the Italian Alessandro Volta, who in 1791 was the first to observe the electrical phenomena caused by two different metals joined together by a moist intermediary.

In 1800, Volta invented the first true battery (the voltaic pile), which consisted of copper and zinc discs separated by a layer of cloth soaked in brine. This original cell had several practical problems, however, and was further developed during the first half of the 19th century.

A Scotsman (William Cruickshank) and two Englishmen (William Sturgeon and John Daniell) solved three problems with the voltaic pile (leaking electrolyte, impurities in the zinc and hydrogen bubbles, respectively). A further improvement to the so-called Daniell cell was invented

in 1837 by the physician Golding Bird, and used at Guy’s Hospital in London. In 1839 a Welshman, William Grove, produced a cell (utilising a zinc anode in dilute sulphuric acid and a platinum cathode in concentrated nitric acid) that provided nearly twice the voltage of the Daniell cell. This resulted in it becoming the favoured battery for the American telegraph networks in 1840-1860.

As important as these scientists were, the father of electricity is widely regarded to be Michael Faraday (1791–1867). Although he received little formal education (his father was a blacksmith), Faraday was one of the most influential scientists in history.

Faraday was the first to produce an electric current from a magnetic field, and demonstrated the relationship between electricity and chemical bonding. He also discovered the effect of magnetism on light waves.

In 1821, Faraday demonstrated electromagnetic rotation (using a vertically suspended wire above a magnet), and ten years later discovered electromagnetic induction (the generation of an electric current due to a varying magnetic field), which laid the foundation for development of the electric generator.

Indeed, Faraday was apparently one of Albert Einstein’s three scientific heroes (all British). According to a book by Australian Dr Robyn Arianrhod, entitled Einstein’s Heroes (published 2004), the other two images that hung on Einstein’s study wall were Isaac Newton and James Maxwell. The latter was a Scotsman who was the first to use mathematics to unlock physical phenomenon (including the secrets of electromagnetism, the fundamental nature of light and the existence of radio waves).

The inventor of the first batterypowered electric motor is disputed.

Although Thomas Davenport was the first American to create a useable electric motor (in 1834), the technology in Europe was also well advanced. For example, in 1828 the Hungarian Anyos Jedlik had invented an early type of electric motor, and six years later the Prussian Moritz Jacobi also presented a motor.

In 1835, two Dutchmen (Professor Sibrandus Stratingh and his assistant Christopher Becker) demonstrated a practical application by building a small electric cart (the three kg model was able to run for over 15 minutes). In 1840, Stratingh announced his intention to build a real electric car, but the venture failed (not helped by his death in 1841).

Over 180 years later, I suspect that the emergence of electric vehicles is going to be more important to mining than the freeing of the gold price in the 1970s. Battery metals might become crucial to the regard in which the public holds the mining industry. We can show that mining has a modern purpose; the industry now needs to focus on explaining this to a currently unbelieving, uncaring, public. 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.

DEPARTMENTS Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Metal Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Professional Directory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Stock Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20-23

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 12—25, 2021

5

Talent trends shaping the industry COMMENTARY

| Odgers Berndtson poll shows recruiting youth key challenge Searching for well-rounded leaders to drive growth Talent planning for the future requires a thorough understanding of how the world has changed and what kind of leader will be equipped to face the transformation taking place within the industry. This means developing leaders that can not only see the future and connect the dots from a ‘systems thinking’ perspective, but also who are agile and compassionate and can establish organizational values that are built into the culture and fostered across the organization.

Top candidates are looking for organizations that are technologically advanced, diverse and inclusive and committed to modern ESG practices. This is why boards and executive teams must take the lead in developing a clear vision, purpose and values that are being lived inside

BY MARY MCKENZIE

T

Special to The Northern Miner

he mining industry is going through a seismic shift as factors such as reputational challenges, resistance to embracing new technology, an increased focus on sustainability and a lack of diversity are forcing mining organizations to adapt and evolve. The Covid-19 pandemic has amplified these challenges and primed the industry for change and growth.

A new report by global executive search firm Odgers Berndtson has found that a key factor in this growth and evolution will be the mining industry’s ability to attract, retain and develop top talent. The report explores the themes and insights shared by more than 60 industry executives from companies such as Agnico Eagle Mines, Anglo American Platinum, Boliden, De Beers, Ferrexpo PLC, Iamgold, Kinross Gold and Newmont.

Almost half of the industry’s present workforce is over the age of 45 and an estimated 60,000 people will be retiring in the next decade in Canada alone, according to the Mining Industry Human Resources Council. And this situation is simply a microcosm of a broader global issue. The bottom line is talent planning and recruiting next generation leaders needs to be top of mind for industry executives around the globe.

Speaking at PDAC 2021, Barrick CEO Mark Bristow identified the fundamental question miners need to be asking themselves: “How can mining become acceptable to future generations?” While mining is essential, “it’s an unloved industry,” Bristow said. “We’ve got to change that.”

Attracting talent within a shrinking talent pool According to the executives we surveyed, younger generations have become more interested in purposedriven work and hold strong views about many of the environmental issues the industry is struggling to address. Part of attracting new talent requires educating the marketplace about mining as the advanced and high-tech business it has become. It also means shifting organizational culture so that more young people see mining as an exciting career path.

Catharine Farrow, a director on the board of Franco-Nevada, said “maturity of the industry requires the cultural sensibilities and energy that young people bring. Command and control no longer works and needs

Only a small percentage of most trade and production roles in the mining sector are held by women.

ISTOCK/AGNORMARK

TOP TALENT DEVELOPMENT CHALLENGES GREATEST CHALLENGES FOR ATTRACTING LEADERSHIP TALENT % 0

25

Location of operations

29% 20%

Shrinking talent pool Industry reputation

18%

Growth opportunities

18% 8%

Type of organization

cal innovation and a clear outline of career advancement opportunities to appeal to new graduates.

Forward-thinking mining companies are also shifting to automate operations and adopt digital communication platforms to open up the potential of attracting a new generation of tech-savvy leaders.

Sherritt International has created ‘hubs’ for R&D and production in popular locations (such as Stockholm, London and Toronto), reducing the need for talent to move to remote mining areas.

Going beyond ticking the diversity and inclusion boxes In today’s climate, it’s no surprise that another challenge the mining industry is facing in attracting talent is a lack of a diverse and inclusive culture. According to Bloomberg, the proportion of women employed by mining companies sat at around

0

25 25%

Putting the right talent in the right roles at the right time

18%

Mining & commodity cycles

12%

Jurisdiction and location risk

12%

Changing demands and willingness to relocate/ travel

12%

Lack of residential opportunities Other*

to change. It’s this environment that has turned young people away, but by the same token, we need them to lead us out of it.”

Many mining organizations are working closely with universities locally and around the globe to recruit individuals, offering scholarships and promoting technologi-

25 21%

Improving the organization’s ability to innovate and implement new technology

17%

Improving business decision making skills in key roles

15%

Improving efficiency and effectiveness of operations

15%

Improving ability to operate with cultural awareness

12%

Building trust among teams that must work together and with management

8%

Improving employee engagement

8%

Other*

Career progression feels slow for talented people

0

7%

Other*

BIGGEST OBSTACLES FOR TALENT RETENTION %

% Improving leadership skills in high potential talent — especially soft 50 skills

10% 11%

15.7% in 2019, with numbers worse at the management level. Odgers Berndtson’s research supports this, finding that when asked what the top three talent-related challenges are for mining organizations, the majority selected diversity and inclusion.

It is not simply a focus on the recruitment and development of

women alone that’s important, but also the many underrepresented groups often missing from the leadership ranks. Attracting, mentoring and promoting diverse talent to move into leadership roles earlier is key, as is providing them with development programs and opportunities to ensure their success.

“Diversity and inclusion need to be spoken about more openly — organizations need to have the really hard conversations. Open and transparent dialogue and action requires more than the ticking box exercise we’re seeing within the industry right now,” Farrow said.

Investing in talent planning and retention is key Attracting talent is only the first stage in an organization’s growth strategy.

Retaining and developing talent are equally important for the long-term success of any organization.

Executives surveyed by Odgers Berndtson identified slow career progression and lack of growth opportunities, combined with an overall lack of succession50planning, as risks to the industry’s long-term growth and success. Organizations must have well-defined processes in place to identify and assess next-generation leaders and then to develop them through stretch assignments and professional development.

“Money gets people in the door, but culture retains talent. If an organization wants to retain talent, they need to advance them, and encourage them to expand their footprint outside of their comfort levels,” Farrow said. “There needs to be mutual respect and a welcoming environment for both individuals that want to stay in their comfort level and grow with a company, and those that want to grow externally and challenge themselves. And if someone leaves and comes back, they are bringing new ideas and added value.”

Some organizations are starting to use talent mapping as a way

4%

of identifying untapped potential within their organization and skillsets that aren’t being leveraged. Others, like Iamgold, have focused on the development of critical soft skills and not just promoting people based on technical ability.

and outside their organizations so their companies can thrive now and into the future. TNM — Mary McKenzie is principal in the global mining and metals practice at Odgers Berndtson in Toronto.

­

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WWW.NORTHERNMINER.COM

APRIL 12—25, 2021 / THE NORTHERN MINER

Miners on TSX and TSXV raised $4.8B in private placements last year FINANCE

BY KELSEY ROLFE Special to The Northern Miner

O

sisko Development Corp.’s (TSXV: ODV) $100 million private placement in December, raised to further the development of its Cariboo gold project in British Columbia, closed out a year of increased private placement financings in the mining sector and on the broader Toronto Stock Exchange and TSX Venture Exchange.

The year started out with a smattering of private placements from SilverCrest Metals (TSX: SIL; NYSEAM: SILV) Laramide Resources (TSX: LAM; US-OTC: LMRXF; ASX: LAM) and Skeena Resources (TSX: SKE; US-OTC: SKREF) on the TSX and Venture-listed Orezone Gold (TSXV: ORE; US-OTC: ORZCF), Tinka Resources (TXSV: TK; US-OTC: TKRFF) and Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF), which in January 2020 raised amounts ranging between $4.5 to $20 million.

Activity picked up from there, with notable deals including Artemis Gold’s (TSXV: ARTG) $175 million financing in August, co-led

by Canaccord Genuity and BMO Capital Markets, which funded the company’s acquisition of the Blackwater project, as well as AEX Gold (TSXV: AEX; LSE: AEXG) reporting a $73 million financing and O3 Mining (TSXV: OIII; US-OTC: OIIIF) locking in a $40 million private deal, both in July.

According to the December 2020 Market Intelligence Group report from TMX Group, the owner of

| Venture companies made up 70% of the money raised

both the TSX and the TSX Venture, miners raised $4.8 billion in private placements, up from $3.4 billion in 2019. Venture-listed mining companies represented 70% of the total amount raised. The trend mirrors a broader one on both exchanges, where public issuers raised $14.5 billion in private placements, a 57% increase from $9.3 billion in 2019.

The TSX represented $9.9 billion of that, and the Venture $4.5 billion.

The trend seems set to continue in 2021. According to TMX Group’s February report, publicly traded mining companies raised $1.1 billion in private placements in the first two months of the year — with Venture-listed miners representing $969 million of that — more than doubling the $410 million raised privately by the same time last year.

On the broader exchanges, public companies raised $3.1 billion privately, up from $1.5 billion in the first two months of 2020.

Dean McPherson, head of business development and global mining for TMX Group, noted the upswing in private placements has come as the price of gold experienced a meteoric rise, reaching an all-time high of US$2,000 in mid-2020, before consolidating at around US$1,700 an ounce.

“Traditionally the mining investment climate tends to be in windows,” he said. “The window opened up and companies rushed to [it] to get their financings done.”

Braden Jebson, senior associate in the mining group at Torys LLP, said he sees the increase in private placements as part of the years-long trend of retail and generalist investors

Facade of the old Toronto Stock Exchange building. ISTOCK/PICTORE

moving away from the mining space and the sector increasingly dealing with specialist investors.

“Even when general investors are looking for exposure, we think it’s moving more to going through the specialist investor rather than trying to pick a winner,” he said. “So the specialist, mining-focused institutional investors, companies are now able to access them directly. Rather than going through the cost and time of a public marketing deal, the connections are in place to move quickly with brokered private placements.”

The generalist and specialist divide in 2020 was particularly stark. Investor flows into physical metals and gold exchange traded funds (ETFs) were a record-breaking US$47.9 billion, or 877 tonnes of gold, according to the World Gold Council. But flows into active and passive fund

strategies were “lacklustre,” according to a September 2020 open letter sent to mining CEOs and boards by 25 major institutional investors, including Sprott, Invesco, Mackenzie Investments, Paulson & Co. and Franklin Templeton.

“The contrast suggests that the appeal of mining equities remains limited to specialist funds and has escaped the attention of generalist investors,” wrote the group, which was comprised of presidents, executive directors, chief investment officers and portfolio managers. “Despite strong performance, mining shares are still episodically inexpensive.”

Michael Pickersgill, a partner at Torys and co-head of the firm’s mining and metals practice, said there’s an upside to this divide. “That trend of generalist investors and retail investors being less and less

significant in the books of mining capital raising just leads to an ability to use this private placement tool, and it can be more efficient for the company.”

Private placements tend to be quicker, have simpler paperwork and involve less regulatory review than public offerings and initial public offerings, as issuers don’t need a prospectus offering to complete a private deal.

However, securities acquired under those deals are subject to a fourmonth hold period, which means they’re usually sold at a discount to issuer’s current stock valuation.

“There are commercial considerations for companies issuing by way of a private placement that counterbalance the speed of the model,” Pickersgill said.

According to Jebson and Pickersgill, miners have used private placements to finance exploration, mine development and acquisitions, such as Osisko’s and Artemis’s raises and Aris Gold’s (TSX: ARIS) $85-million private placement in late November, which it’s using to modernize and expand its Caldas Gold mining operations in Colombia.

As well, they noted, a chunk of the private placement deal numbers are senior miners who’ve chosen to take strategic equity positions in junior miners with promising projects.

The December TMX report also noted new mining registrants on the TSX and Venture had increased in 2020; with a total of 57 companies joining the exchanges (48 listing on the Venture and nine on the TSX), in comparison to 35 in 2019 (28 on the Venture and seven on the TSX). TNM

Cerrado Gold advances exploration program at Minera Don Nicolás project ARGENTINA

BY DANIEL SEKULICH dsekulich@northernminer.com

A

year ago, Toronto-based Cerrado Gold (TSXV: CERT) acquired 100% of the Minera Don Nicolás (MDN) property in southern Argentina from a group of private investors.

DJB Consultants Inc.

| Property in Patagonia acquired a year ago

The project, about 1,600 km southwest of Buenos Aires in the Patagonian province of Santa Cruz, has nine pits, three of which are currently in production, and about twelve highpriority exploration targets.

MDN has been producing small amounts of gold intermittently since 2017, and has a central carbon-in-

Derek J. Barratt, P.Eng. Comminution Consultant

­ ­

leach mill with a processing capacity of 1,000 tonnes per day.

But it was the exploration potential across Cerrado’s 333,400-hectare concession in the Deseado Massif that really caught the imagination of the company’s CEO and co-chairman Mark Brennan. Most of the drilling completed by the previous owners was targeted at open-pittable targets and to shallow depths of less than 100 metres from surface.

“When we acquired MDN, there hadn’t been any drilling done in five years, so our first and foremost goal was to update the [historic] resource estimate,” he said. “This region is rich with deposits and we saw a tremendous upside for resource expansion at MDN.” AngloGold Ashanti’s (NYSE: AU) Cerro Vanguardia mine and Yamana Gold’s (TSX: YRI; NYSE: AUY; LSE: AUY) Cerro Morro lie within 100 km of MDN, Brennan said, and much of the area has seen very little exploration.

“This entire region is vastly underexplored — but it’s like Nevada, it’s so productive,” he said.

In late August, SRK completed MDN’s first 43-101 compliant resource, estimating 1.13 million measured and indicated tonnes grading 5.49 grams gold per tonne and 8.37

“THIS ENTIRE REGION IS VASTLY UNDEREXPLORED — BUT IT’S LIKE NEVADA, IT’S SO PRODUCTIVE.” MARK BRENNAN CEO AND CO-CHAIRMAN, CERRADO GOLD

grams silver per tonne for 198,808 oz. gold and 241,903 oz. silver and another 4.66 million inferred tonnes grading 2.33 grams gold per tonne and 4.78 grams silver per tonne for 348,693 oz. gold and 320,118 oz. silver.

In February the company kicked off a 12,000-metre exploration program and recently released results from the first eight holes drilled.

Among the results, drill hole PAD21-42 returned a 17 metre intercept grading 17.91 grams gold per tonne from 56 metres downhole, including 36.84 grams gold per tonne over 6.5 metres. Another hole, PA-D21-44, returned a 15.69 metre intercept grading 7.8 grams gold per tonne from 46.3 metres downhole, including 10.7 grams gold per tonne over

10.95 metres.

The current exploration program at MDN consists mainly of step-out and downdip drilling, Brennan said, and is intended to delineate nearsurface mineralization that can be brought into production in the near term. The initial focus has been a target at MDN called Baritina, where work began on February 5.

The company plans to use cash flow from the open pits to pay for exploration at 12 brownfield targets.

Brennan hopes the three pits can produce between 45,000 and 55,000 oz. of gold this year at all-in sustaining costs of US$1,100 to US$1,150 per ounce.

“We’ve had our hands full getting things back up to speed,” he said. “There were obviously some issues that affected our production last year. Covid restrictions put in place by the government limited our operations.”

In addition to the US$15 million Cerrado paid for MDN at closing, it must pay a series of staged payments totalling US$30 million over the next five years.

At press time Cerrado was trading at $1.10, within a 52-week range of 93¢ and $1.25. The company has just over 70 million shares outstanding for a market cap of $77.6 million. TNM

GLOBAL MINING NEWS

COPPER From 1

could be linked to suggest there’s an economic modern-day mine in the district and our initial exploration drilling suggests there is.”

Meagher says the team has identified what they believe is a continuous arc of mineralization over 5 km of strike with four areas of mineralization — Broad Top Butte; Copper World, and Peach and Elgin — collectively called the Copper World project. (The company has also renamed the historic district from Helvetia to Copper World.)

The Rosemont deposit sits at one end of the mineralized trend, Meagher explains, with Broad Top Butte to the north. The trend then continues northwest from Broad Top Butte to Copper World, and then westward towards Peach and Elgin.

“While they all have distinct names and while there are 20 separate historic mines in there, we believe it’s one mineralized trend,” he says.

“We believe geologically there is continuous mineralization in an arc from Rosemont right through to Peach in the northwest, over a distance of 5 km.”

Results from the first 4,572 metre drill program last year were encour-

ONTARIO From 2

underground, Starr says, adding that the property has never been drilled.

“We think it’s part of the Red Lake mine,” he says. “We firmly believe that in the future Evolution will want that ... but we have to drill it first.”

The same month, Trillium picked up the Rivard property, to the southwest and contiguous to Newman Todd, and where the Rivard family has been selectively sampling gold from trenches and pits on the property for more than 30 years. The Rivard family optioned the property to Rubicon Minerals (now Battle North Gold) in 2003-2004 and the company drilled 22 holes, reporting highlights of 13.16 grams gold over 9 metres and 20.93 grams gold over 1 metre.

Starr believes Trillium Gold has some of the best exploration assets in the district. “We have two very near-term production possibilities at Newman Todd and Rivard, and Gold Centre, and then we have a worldclass exploration portfolio,” he says, which includes the Leo property, 35 km southeast of Red Lake and about 15 km south of Great Bear Resources’ (TSXV: GBR; US-OTC: GTBAF) flagship Dixie project. But the market doesn’t see that yet, he says. “We’re getting marginal valuation for Newman Todd or Gold Centre, and zero valuation for any of our exploration projects, which rival or are better than anyone else’s in the Red Lake area.”

“Everybody says their properties are fantastic, but we’re the only ones that have the balls to go out and do a dominant land package and then grow it,” he says.

Starr noted that in 2013, when Confederation Minerals owned 50% of the Newman Todd project and spot gold was about US$1,200 to US$1,300 per oz., the company had a market cap of $200 million, and yet today, with gold at over US$1,700 per oz. gold, the company’s market cap sits at $38.6 million (32.7 million common shares outstanding at $1.18 per share). “Where is the disconnect? Well it’s in the investors. No one is paying attention to gold.” You wouldn’t know it by all the activity in the Red Lake area, he says.

Pure Gold Mining (TSXV: PGM) poured first gold from its PureGold mine on December 30, Great Bear Resources continues to regularly release high-grade intercepts from its Dixie project, and Evolution Mining recently announced it is acquiring Battle North Gold (TSX: BNAU; US-OTC: BNAUF) and its

THE NORTHERN MINER / APRIL 12—25, 2021

aging enough to add another 12,192 metres and double the number of rigs to six in November. In January Hudbay budgeted for an additional 21,336 metres.

Highlights from the drill program released on March 29 included drill hole 11 at Broad Top Butte that returned 134 metres of 1.38% copper starting from 111 metres and drillhole 12 that intersected 75 metres of 0.70% copper from surface.

Drillhole 3 at Copper World cut 64 metres of 0.38% copper from a depth of 1.8 metres. At Peach, drillhole 35A returned 0.82% copper over 152 metres from surface and at Elgin drillholes 53 and 55 returned 85 metres of 0.71% copper and 30 metres of 0.88% copper, respectively, both from surface.

“We’re focusing in on higher grade surface locations, which would be amenable to open pit mining and provide good opportunities for either standalone mining and permitting, or maybe in the future, could be a contributor to the Rosemont mine itself,” Meagher says.

“What’s important to understand is we’re in a mineralized system — this is a copper system — and we have sulphides and oxides. The Rosemont proposed pit is mainly

Bateman gold project.

“As crappy as junior mining is right now, Red Lake is absolutely booming,” Starr says. “It’s hard to get drill rigs, it’s hard to find people, virtually impossible to get a core shack, so it’s almost a complete disconnect between investors and the actual gold market.”

“Over the last quarter or two quarters, Red Lake has gone from mildly busy to almost impossibly busy right now,” he continues. “And all you need to do is look at Evolution buying Battle North. Everyone speculates that it was done largely for tax losses, but in my opinion it was equally important to get access to another mill. I think it was also because Evolution recognized that the future in Red Lake isn’t going to be 15 grams gold per tonne. Like everywhere else in the world the high grade is much harder to find and with lower grade you are going to need to put a lot more rock though mills, and likely the additional mill will be helpful. And, of course, they picked up all of Battle North’s ounces and exploration properties.”

Starr argues that while the Red Lake mine historically produced more than 25 million oz. at an average grade in excess of 20 grams gold per tonne, “that doesn’t go on forever.”

“Evolution in my opinion is recognizing that the future of Red Lake is lower grade material, but that lower grade material would be considered high grade everywhere else. It’s no longer going to be visible gold and massive amounts of high grade going through the mills, it’s going to be lower grade material – between 3 grams and 7 grams gold – but still producing a lot of gold.”

As for Trillium Gold, Starr is confident that it’s only a matter of time — and more drilling — before the junior explorer becomes a producer.

Results from the 10,000 metres Trillium Gold has completed since he joined the company continue to demonstrate the project’s potential, he says. In October the company reported assays from Newman Todd of 15.41 grams gold over 7.05 metres starting at 226 metres downhole (drill hole NT20-169); and 8.63 grams gold over 6.55 metres from 311.2 metres (NT20-167). Highlights released in January included visible gold in three of five holes, including a 5 cm quartz vein with visible gold in the quartz sulphide breccia unit at a shallow depth of 45.9 metres assaying 124.66 grams gold over 0.24 metres (NT20-174).

This year the company plans to

7

a sulphide ore body on what geologically we call skarn in nature. We don’t actually have a large portion of porphyry mineralization in it — so there’s a larger porphyry somewhere that is providing the mineralizing fluids to the area for this mineralization that we’re encountering. While we know there’s a billion tonnes of resource at Rosemont, these other exploration targets are also yielding

good economic intersections.”

Moreover, while the mineralization at Rosemont is predominantly sulphides, the new areas appear predominantly to be oxides. That means that if they were to be put into production it might allow the company to consider heap-leaching and solvent extraction-electrowinning (SX/EW) production of cathode copper. “Rather than producing

sulphide concentrate, there would be an opportunity to produce copper cathode, which is a finished product for the market, rather than sending the concentrate to a smelter.”

“A sulphide operation typically requires much more capital than oxide, and this area gives us opportunity to evaluate both, once we complete a resource.”

Meagher also points out that so far the average copper grades in the four new areas are higher than the reserve grade at Rosemont of 0.45% copper. In addition, because the drilling indicates the mineralization is close to surface, if any of the areas were to be developed, the strip ratio likely would be much better than Rosemont’s 2:1 ratio.

“One of the issues with Rosemont is that it requires that we move 90 million tonnes of waste rock before we actually get to the ore.”

Importantly, Meagher notes that because the historic mines lie wholly within Hudbay’s private land/patented mining claims, they require only state-level permits.

“We’re really happy to find what we consider a high-grade prospect in a known copper belt — it’s a rare thing — and it enhances our opportunity as a company greatly.” TNM

drill about 40,000-50,000 metres with three rigs across Newman Todd, Rivard, and Gold Centre. It received drill permits for Gold Centre in February and is planning 8,000 metres there to show that the mineralization at the Red Lake mine continues onto its Gold Centre ground.

At Newman Todd Trillium expects to drill test a 350-metre gap zone

between surface mineralization and mineralization at depth and will also undertake more step-out drilling and testing for parallel stacked structures and cross structures, as well as targeting high-grade at depths of more than 400 metres. In addition, the company plans to complete a ground magnetic survey to better understand structural controls and

continuation of mineralized features; and mapping and surface sampling to define new geological targets.

“It’s pretty obvious Newman Todd is going to be a mine,” he says. “And it’s pretty clear to me that Great Bear’s Dixie will be a mine, and I would be shocked if we don’t find another world-class discovery on the package we have.” TNM

Touring Hudbay’s Copper World land package.

HUDBAY MINERALS

“

As Canada’s leading provider of flowthrough share capital, PearTree deploys over $300M annually for Canadian mineral exploration and development in all market conditions.”

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Find out more at peartreecanada.com

APRIL 12—25, 2021 FOCUS / THE NORTHERN MINER SPECIAL

BATTERY METALS

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8

Equinox Gold to sell 10M Solaris shares COPPER

| Proceeds estimated between $82.5 and $132.5 million

BY MAGDA GARDNER Canadian Mining Journal staff

G

rowing gold miner Equinox Gold (TSX: EQX; NYSE: EQX) has announced that, in response to a request from Ecuador-focused explorer Solaris Resources (TSX: SLS), it has agreed to sell 10 million of the 27.8 million Solaris shares it currently holds at $8.25 a share. The miner will also grant the buyers, Augusta Investments (a B.C.-based corporation associated with Solaris Chairman Richard Warke) and a strategic shareholder, warrants to purchase five million Solaris shares for a 12-month period at $10 a share.

Proceeds from the sale are estimated at $82.5 million, increasing to $132.5 million in the event that the warrants are exercised.

Christian Milau, Equinox Gold’s CEO, stated in a press release that the proceeds are expected to “further strengthen Equinox Gold’s already solid balance sheet as we continue to execute on our expansion and growth objectives.”

After the sale, Equinox will hold 17.8 million Solaris shares, or 16.9% of the company. If the buyers warrants are exercised, this would decrease to 12.2%. The producer also owns warrants to acquire 10.3 million shares. After the sale, if both the buyers and Solaris exercise their warrants, Equinox’s Solaris stake would increase to about 20%.

Equinox currrently owns 26% of the explorer, in addition to the 10.3 million warrants. The company recently announced the results of an expansion study for its Castle Mountain mine in California and increased its stake in the pre-production Hardrock project in Ontario to 60% from 50% previously.

Solaris’ flagship 268-sq.-km Warintza property in southeastern

Core sample from drilhole 20TK0278 at Tamarack. TALON METALS

Talon’s Tamarack project could become the only high-grade nickel mine in the U.S. An aerial view of the Warintza property in Ecuador.

Ecuador features an open-pit coppermolybdenum-gold resource within a 5 km by 5 km cluster of outcropping porphyries and is 40 km north of the Mirador copper mine, held by a Chinese state-owned company. Solaris is part of the Augusta Group, that also includes Equinox Gold.

Mining analyst Kerry Smith, who covers Equinox Gold for Haywood Securities, described the partial sale of Solaris shares as “a nice win for Equinox, given their cost base was US$12 million for the entire position, although Solaris continues to drill off a very large copper porphyry system in Ecuador, and we expect this deposit will continue to grow.”

“Equinox has moved from a nonproducer in mid-2018 to a company with eight operating gold mines

NICKEL SOLARIS RESOURCES

and a pipeline of growth projects today. The company is well on the way towards the goal of building a 1-million-ounce producer by the end of 2023.”

As for Solaris, Smith noted he believes that its chairman likely took the lion’s share.

“These shares were sold to Richard Warke, executive chairman of Solaris and one other “strategic buyer” and we expect Richard took the bulk of these shares,” he commented in a research note. “Once this sale closes, we will be able to confirm through regulatory filings how much Richard increased his holdings. Richard already owned 27,503,849 shares (26.1%) and continues to build his ownership in Solaris.” TNM

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| Updated PEA completed in February

BY CARL A. WILLIAMS cwilliams@northernminer.com

W

ithin the next few years, Talon Metals’(TSX: TLO) Tamarack nickel-coppercobalt project in Minnesota, 210 km north of Minneapolis and 89 km west of Duluth, could be the only source of high-grade nickel in the U.S., says the company’s president, Sean Werger.

The only operating nickel mine in the U.S. is Lundin Mining’s (TSX: LUN) Eagle mine in Michigan, which is forecast to be mined out by 2025/26.

“Tamarack is the only high-grade development stage nickel project in the U.S. and could soon be the only game in town if someone is looking for a domestic supply of high-grade nickel,” Werger said in an interview.

In February, the company completed an updated preliminary economic assessment (PEA) that compared the economics of three separate production scenarios. In one scenario, Tamarack would produce nickel concentrates and sell them to a third party to develop into refined nickel powder for the electric vehicle (EV) market. In a second scenario, nickel concentrates would be produced onsite and sold to a smelter for use primarily in the stainless steel market. In the third scenario, nickel sulphates would be produced on site for the EV market.

Werger says having three different development options is one of the things that differentiates Tamarack from many other nickel projects. He expects a decision on which scenario will be used by the end of the year, adding that of the three options, producing nickel concentrates offers the most flexibility.

“Initially, we viewed Tamarack as a low-cost producer of nickel for North America’s stainless steel mar-

ket, which was what first attracted us to the project,” says Werger, but the growing demand for nickel from the EV market in recent years “has changed that dynamic.”

Under the nickel powder production scenario for the EV market, the PEA envisioned a nine-year underground mine producing 1.1 million tonnes of nickel concentrate and 222,000 tonnes of copper concentrate over its lifetime.

All-in sustaining costs are expected to average US$1.07 per lb. of nickel in nickel concentrate over the life of the mine (life of mine operating costs are US$48.15 per tonne milled). The study estimated the after-tax net present value at a 7% discount rate at US$567 million, with a 48.3% internal rate of return. The PEA used metal prices of US$8 per lb. nickel and US$3 per lb. copper.

Initial capex of US$316 million could be paid back in 1.5 years.

The study was based on a resource estimate of 3.9 million indicated tonnes grading 1.91% nickel, 1.02% copper, 0.05% cobalt, 0.26 gram palladium per tonne, 0.41 gram platinum per tonne, and 0.20 gram gold per tonne (2.62% nickel equivalent) and inferred resources of 7.2 million tonnes grading 1.11% nickel, 0.68% copper, 0.03% cobalt, 0.16 gram palladium, 0.26 gram platinum, and 0.14 gram gold (1.57% nickel equivalent).

Talon plans to drill 25,000-30,000 metres this year, primarily focused on expanding the disseminated and high-grade massive sulphide mineralization outside the project’s current resource area.

“We have three drill rigs currently turning on the property, two of which we own,” Werger said. “We also have an in-house drill team, which enables us to drill 24/7, allowing us to be very efficient with our drilling.”

See NICKEL / 16

SPECIAL FOCUS BATTERY METALS

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 12—25, 2021

9

Piedmont Lithium completes US$123 million financing LITHIUM

BY CARL A. WILLIAMS

P

cwilliams@northernminer.com

iedmont Lithium (NASDAQ: PLL; ASX: PLL) has raised US$122.5 million in a public offering, issuing 1.75 million of its American Depository Receipts (ADS) with each ADS representing 100 of its ordinary shares at a price of US$70 per ADS. The Australian junior will use the proceeds to continue the development of its 100%-owned Piedmont Lithium project, an integrated spodumene-to-lithium hydroxide project in North Carolina, about 40 km west of Charlotte.

The financing follows Piedmont’s deal in September to supply Tesla with high-purity lithium. The initial five-year agreement will see Piedmont provide the electric vehicle maker with about a third of its planned 160,000-tonne-per-year spodumene concentrate from its lithium deposits in North Carolina.

Both companies can then extend the contract for another five years. The agreement is conditional upon both companies agreeing to start deliveries of spodumene concentrate between July 2022 and July 2023.

Piedmont started a definitive feasibility study (DFS) for its lithium project in December that envisions a 145,150-tonne-per-year mine and a spodumene concentrator producing 20,593 tonnes per year of batterygrade lithium hydroxide.

The study will incorporate the results from a pilot-scale spodumene concentrator project underway that is testing a bulk sample containing more than 50 tonnes of mineralised pegmatite collected from 17 locations across the property. The study on the concentrator project is expected to be completed in mid-2021, with a construction decision to follow,

| Proceeds to be used for developing North Carolina project

the company said.

Piedmont also commenced a separate DFS in March for a planned lithium chemical plant incorporating lithium conversion technology developed by Metso Outotec, a Finland-based firm that develops sustainable technologies for the minerals processing, aggregates, and metals refining industries.

The technology, which excludes an acid roasting stage used in conventional spodumene conversion, is expected to improve the economics of the plant by eliminating the consumption of sulphuric acid and the production of sodium sulphate waste product, significantly reducing carbon dioxide emissions from the plant.

That study, which is due to be completed in the third quarter, will also evaluate other initiatives to improve the operation’s environmental, social, and governance profile. These include installing solar power generating capacity and replacing the mine fleet with in-pit crushing and conveyor systems to improve the project’s economics and reduce emissions further.

In addition, Piedmont plans to complete an updated scoping study in May that will assess the potential for a larger production profile of the project and the expanded production of by-products, including quartz, feldspar, and mica for sale to the clean energy, ceramics, and automotive industries. The results from the study will be incorporated into the DFS. In the meantime, the company is conducting a 25,000-metre drill program with five drill rigs. Results from the program will be incorporated into an updated mineral resource, which is slated to be released in April, and will then be included in the DFS, with infill drilling com-

An aerial view of a drill rig at the Piedmont Lithium project, an integrated spodumene-to-lithium hydroxide project in North Carolina.

PIEDMONT LITHIUM

pleted by August, the company said.

If all goes to plan, Piedmont said it expects the construction of the project to be completed in 2022.

An updated resource estimate for the project in 2019 outlined 13.9 million indicated tonnes grading 1.16% lithium oxide (Li2O) for 161,000 tonnes contained Li2O and 398,000 of lithium carbonate equivalent (LCE). Inferred resources add 14 million tonnes of 1.06% Li2O for 148,000 tonnes of Li2O and 366,000 tonnes of LCE. Piedmont said it also plans to use the proceeds from the public

offering to fund strategic investments it announced in January in Sayona Mining (ASX: SYA; USOTC: DMNXF) and its 100%-owned subsidiary, Sayona Quebec.

Sayona Quebec is developing the Authier lithium project in Quebec. It also owns the Tansim lithium project in Quebec and is looking to acquire the Quebec-based North American Lithium’s assets.

Under the agreement, Piedmont has acquired an initial 9.4% interest in Sayona Mining for a US$3.1 million share investment and two unsecured convertible notes for

US$3.9 million, which upon conversion would give Piedmont an additional 10% interest. In addition, Piedmont will purchase a 25% stake in Sayona Quebec for approximately US$5 million in cash.

The two companies also signed a binding offtake arrangement under which Piedmont will purchase up to 54,431 tonnes per year of spodumene concentrate, or 50% of Sayona’s Quebec production, whichever is greater, at a price ranging from US$551 per tonne to US$992 per tonne of spodumene concentrate on a delivered basis. TNM

Ivanhoe working towards accelerating Phase 3 expansion at Kamoa-Kakula mine COPPER

| Ranked as the world’s fourth-largest copper deposit

BY VALENTINA RUIZ LEOTAUD

I

MINING.com

vanhoe Mines (TSX: IVN; USOTC: IVPAF) says part of the proceeds from the recently completed US$575 million, 2.50% convertible senior notes offering will be used to accelerate the Phase 3 expansion at the Kamoa-Kakula copper mine in the Democratic Republic of the Congo.

According to the company, fasttracking additional hydropower upgrades in the DRC also is a highpriority opportunity to ensure clean and renewable electricity for all subsequent expansions at KamoaKakula.

“The company will now look to further increase production at our Kamoa-Kakula copper joint-venture, and to accelerate the Phase 3 concentrator expansion from 7.6 million tonnes per annum to 11.4 million tonnes per annum,”

Ivanhoe’s executive co-chairman, Robert Friedland, said in a press release. “Together with our partner Zijin Mining, we have already accelerated the Phase 2 expansion to begin production in Q3 2022 and bring copper production to approximately 400,000 tonnes, or approximately 880 million pounds, per year.” Friedland said that the Phase 3 expansion would bring copper production at Kamoa-Kakula up to approximately 530,000 tonnes, or approximately 1.2 billion pounds per year.

“Our company is about to make the long-fought transition from an explorer and developer to becoming a major diversified mining company,” Friedland said. “It has been a remarkable journey for KamoaKakula and Platreef; to grow from grassroots discoveries to imminently joining the ranks of the world’s largSee COPPER / 16

• ­ • • ­ •

10

SPECIAL FOCUS BATTERY METALS

APRIL 12—25, 2021 / THE NORTHERN MINER

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Taseko Mines clears legal hurdles at Florence and advances copper projects ARIZONA

| Company also extends its price protection strategy

BY TRISH SAYWELL

T

tsaywell@northernminer.com

aseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) can move forward with its Florence copper in-situ project after the Arizona Court of Appeals ruled in its favour and rejected arguments made against the project by the Town of Florence. The ruling, announced on March 23, upheld the company’s right to mine its private property within the town, and also awarded the company US$1.7 million in legal costs.

Final design and engineering of the commercial in-situ production facility and the procurement of other critical components is underway, the company said, and the Arizona Development of Environmental Quality has already granted one of the two key permits (the aquifer protection permit) necessary for commercial operations. That permit was received in August 2020. A second key operating permit (the underground injection control permit), from the federal Environmental Protection Agency, is also working its way through the system, according to the company.

Florence, about halfway between Phoenix and Tucson, is being developed in two phases. In the first phase, a $25 million production test facility

was built, including 24 injection, recovery and monitoring wells and an SX/EW plant, which commenced operation in December 2018.

Operating the test facility over 18 months, the company says, “successfully demonstrated the ability to produce high-quality copper cathode ... and confirmed the project economics.” The first harvest of 3,700 lb. of copper cathode (32 sheets x 117

Above: Taseko Mines’ Gibraltar copper mine in south-central British Columbia.

Right: Workers at the Gibraltar mine, where Covid-19 safety protocols began a year ago. TASEKO MINES

pounds), was completed in August 2019, and the cathode assayed at higher than 99.9% copper.

Phase 2 transitions the project to commercial production, and involves

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an expanded wellfield and SX/EW plant that is slated to produce an average of 85 million lb. of copper a year over 20 years at a cost of US$1.13 per lb. copper over the life of the mine. Initial capex for phase two is US$227 million.

Florence Copper has measured and indicated resources of 429 short tons grading 0.33% copper for 2.8 billion lb. of copper and another 63 million tons grading 0.24% copper for 300 million lb. of contained copper.

Taseko acquired the project in November 2014 and the board approved construction of the first phase of the project in September 2017. A potential copper porphyry system was first identified at Florence in the early 1960s.

Less than a week after news of the court ruling was announced, Taseko reported that it has extended its copper price protection strategy by purchasing put options covering 41 million lb. of copper at a strike price of US$3.75 per lb. for the second half of 2021. Taseko said the price protection for the next nine months “should secure a minimum operating margin of approximately C$165 million for 2021.”

Stuart McDonald, Taseko’s president, stated in a news release on March 29 that “with the uncertainty in the world today around the impacts of Covid-19, and ongoing volatility in metal markets caused by a number of global economic and political issues, we felt that it was prudent to extend our price protection strategy.”

McDonald noted that “protecting a significant operating margin” this year enables Taseko to advance not only the Florence project but also environmental assessment work on its Yellowhead project.

“This approach to managing copper price volatility does not cap our cash flow should copper prices continue to rise, as many of the world’s largest banks and trading entities are indicating could occur.”

Rene Cartier, who covers Taseko for BMO Capital Markets, described the copper hedging strategy as “positive” and said it “locks in a portion of cash flows.” He added that the copper put options “offer a floor price well

above our current estimated copper pricing levels.”

“We see the extension as particularly prudent as it covers a period where Florence should be under construction,” he wrote in a research note to clients. “That said, the importance of receiving the Underground Injection Control permit in a timely manner remains a near-term catalyst.”

Cartier also noted that the market is attributing “very little to no value” for the company’s Yellowhead project.

Yellowhead, 150 km northeast of Kamloops in B.C., is a planned 90,000 tonne-per-day open pit copper mine with a 25-year mine life. Based on a technical report released in January 2020, Yellowhead would produce more than 4.4 billion lb. of copper, 440,000 oz. of gold and 19 million oz. of silver. Total pre-production capex has been estimated at $1.3 billion.

Yellowhead has measured and indicated resources of 1.29 billion tonnes grading 0.25% copper, 0.028 gram gold per tonne and 1.2 grams silver per tonne and another 109 million inferred tonnes grading 0.24% copper, 0.026 gram gold and 1.2 grams silver.

Last year Taseko’s Gibraltar mine in B.C., the second-largest open-pit copper mine in Canada, produced 123 million lb. of copper and the company expects the mine will produce about 125 million lb. of copper this year.

With the addition of Florence, the company said last month, Taseko’s attributable annual copper production will grow by 85% to about 185 million lb. copper.

At the end of 2020, Taseko had a cash balance of $85.1 million and a bond refinancing in February 2021 provided additional net cash proceeds of $167 million.

BMO’s Cartier has a price target on the company of $2.75 per share and an ‘outperform’ rating.

Over the last year the company has traded in a range of 34.5¢and $2.63 per share and at presstime in Toronto was trading at $2.14 per share. The company has about 283 million common shares outstanding for a market cap of about $606 million. TNM

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BATTERY METALS SNAPSHOT

EIGHT COMPANIES ADVANCE CRITICAL METALS PROJECTS

BY MAGDA GARDNER mgardner@canadianminingjournal.com

As the world moves away from fossil fuels, battery metals are in high demand, especially with a shortage of supply from low-geopolitical risk jurisdictions.

For instance, earlier this year, Canada announced its Critical Minerals List, with 31 minerals that are key to the country’s economy, are available in Canada and are expected to play an important role in moving to a lowcarbon future. These include cobalt, copper, lithium and nickel.

Taking measurements at Neo Lithium’s Tres Quebradas (3Q) lithium brine project in Argentina.

n CANADA NICKEL which would be followed by a fea- Canada Nickel chairman and CEO Canada Nickel (TSXV: CNC; US- sibility study by the end of this year. Mark Selby, this improvement in OTC: CNIKF) is working to deliver March metallurgical test results primary grind requirements could a preliminary economic assessment suggest that a 20% increase in the reduce the energy needed to grind on its Crawford nickel-cobalt sul- material grind size did not impact each tonne by 15%, potentially alphide project in the Timmins area recoveries when compared with lowing for both higher throughin Ontario by the end of April, earlier test results. Accordingc1atoPRINT puts and lower unit costs.

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Processing test results from January suggest nickel recoveries of 52%, with 46% of the recovered nickel reporting to a high-grade nickel concentrate, at 37% nickel.

These numbers indicate potential for the high-grade concentrate to be the highest-grade nickel sulphide concentrate worldwide, based on data from Wood Mackenzie. The high-grade nickel product could be targeted at battery metal consumers, while the lowergrade concentrate would be used to generate a ferronickel product for the stainless steel market.

A January 2021 non-binding memorandum of understanding (MOU) with Glencore (LSE: GLEN) could allow the nickel developer to use the 12,500-tonneper-day Kidd Creek concentrator and metallurgical site to treat and process material from the Crawford site, 40 km away. This option would be a smaller-scale start-up option for Crawford with lower capital costs.

Measured and indicated resources at Crawford total 653 million tonnes grading 0.26% nickel, 0.013% cobalt, 0.028 gram palladium per tonne and 0.012 gram per tonne platinum. There are a further 497 million inferred tonnes grading 0.24% nickel, 0.013% cobalt, 0.026 gram palladium and 0.013 gram platinum. These resources are contained within the Main and East zones and include a higher-grade core of approximately 201 million tonnes grading 0.34% nickel.

In mid-February, Canada Nickel and Noble Mineral Exploration (TSXV: NOB; US-OTC: NLPKF) entered into a binding letter of intent to consolidate the ownership of a new priority nickel target in MacDiarmid township. The MacDiarmid target, based on airborne geophysics and a compilation of historical exploration records, is approximately 1.8 km long and 400 metres wide, making it over 15% larger than the original Crawford Main zone. Nickel mineralization has been traced over a total of 7 km at Craword.

Canada Nickel has also established NetZero Metals, a division aimed at developing a zero-carbon footprint operation.

The nickel developer listed on the TSX Venture in March 2020.

Canada Nickel has a $262.7 million market capitalization.

NEO LITHIUM

n CYPRESS DEVELOPMENT Cypress Development (TSXV: CYP; US-OTC: CYDVF) is working to complete a feasibility study on its Clayton Valley lithium project in southwestern Nevada in the second half of this year. Clayton Valley lies directly east of Albemarle’s (NYSE: ALB) Silver Peak mine, the only lithium brine operation in North America.

Pit-constrained resources at the project include 929.6 million measured and indicated tonnes grading 1,062 parts per million (ppm) lithium. Inferred resources add 100.4 million tonnes at 986 ppm lithium. The resources are contained in mudstones, claystones and siltstones.

The flat-lying sedimentary deposit is expected to allow low-strip ratio surface mining without drilling and blasting.

A May 2020 prefeasibility outlined a 40-year, 15,000 tonne-a-day mine, producing 27,400 tonnes of lithium carbonate-equivalent annually at cash costs of US$3,329 per tonne of lithium carbonate-equivalent. With an initial capital cost estimate of US$493 million and based on a lithium carbonate price of US$9,500 per tonne, the after-tax net present value estimate for the project comes in at US$1 billion, using an 8% discount rate, with a 25.8% internal rate of return.

In March, the company announced that it had started purchasing materials to start up a lithium pilot plant and extraction facility, targeted towards the lithium-bearing claystones. The one tonne-a-day plant would be aimed at testing the components of the extraction process and assessing the lithium products as well as generating marketing samples.

This plant, at a metallurgical facility in Nevada, is expected to be completed by the end of the second quarter of this year.

Based on the results of an internal scoping study, Cypress is looking at a chloride-based leaching approach to lithium extraction. Metallurgical tests results reported in November 2020 suggest an 80.2% lithium extraction using a sodium chloride solution, and an extraction of 85.3% using hydrochloric acid to leach the claystone.

The prefeasibility looked at using

See BATTERY METALS SNAPSHOT / 13

SPECIAL FOCUS BATTERY METALS

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 12—25, 2021

Processing facilities at the Ramu nickel-cobalt operation in Papua New Guinea.

An outcrop at the Bergby project.

UNITED LITHIUM

Drill rig operating on the south-central part of the Clayton Valley lithium project. CYPRESS DEVELOPMENT

BATTERY METALS SNAPSHOT From 12

distilled water in a sulphuric acid leach process. According to CEO Bill Willoughby, these test results are “significant” and suggest potential to extract lithium using high-saline water.

In March, Cypress closed a $19.6 million upsized bought deal public offering.

Cypress Development has a $123.6 million market capitalization. n FIRST COBALT First Cobalt (TSXV: FCC; USOTC: FTSSF) is planning to restart its Ontario cobalt refinery in October 2022 and become North America’s first producer of cobalt sulphate for the electric vehicle market.

The facility operated between 1996 and 2015, producing cobalt, nickel and silver. First Cobalt is expanding and modifying the prior flowsheet for cobalt hydroxide refining.

In late March, the company announced that it had entered into an agreement with a lender for US$45 million in debt financing to fund the refinery restart. Financing, led by CIBC Capital Markets, is expected to be complete before a formal construction decision announcement. With the permitting process on schedule, construction is expected to start mid-year.

Also towards the end of March, First Cobalt signed a five-year offtake agreement with Londonbased metals trader Stratton Metals for the sale of cobalt sulphate from the Temiskaming Shores hy-

drometallurgical facility.

This contract allows First Cobalt to sell up to 100% of the cobalt sulphate generated in a year to Stratton. Sale prices would be based on the market prices at the time of the shipment. First Cobalt still has flexibility to enter into offtake contracts with original equipment manufacturers (OEMs).

The contract’s five-year term matches the five-year term of the supply agreements with Glencore and IXM (a subsidiary of China Molybdenum Company) that were announced in January and provide for 4,500 tonnes of contained cobalt a year starting in 2022. The cobalt hydroxide feed would be sourced from the two companies’ mines in the Democratic Republic of Congo and covers approximately 90% of the refinery’s projected capacity.

Based on a May 2020 feasibility, the facility could generate 5,000 tonnes of cobalt a year (25,000 tonnes of cobalt sulphate) with an initial capital investment of US$56 million. The refinery would generate cobalt sulphate at a minimum cobalt grade of 20.5% at total operating costs of US$2.72 per cobalt lb. Using US$25 per lb. cobalt and an 8% discount rate, the feasibility derived an after-tax net present value estimate of US$139 million.

In Idaho, the company holds the Iron Creek project, with indicated resources of 2.2 million tonnes at 0.32% cobalt-equivalent and 2.7 million inferred tonnes at 0.28% cobalt-equivalent. There are three adits and 600 metres of underground development at the site.

First Cobalt has a $173.6 million market capitalization.

n LITHIUM SOUTH DEVELOPMENT Lithium South Development (TSXV: LIS; US-OTC: LISMF) is focused on advancing its Hombre Muerto North (HMN) lithium brine project in northwestern Argentina, 12 km from the Fenix lithium mine held by U.S.-based Livent (NYSE: LTHM).

The developer has in place a strategic partnership with Chemphys, a China-based company specializing in the production of high-purity lithium carbonate and batterygrade lithium hydroxide for the battery market. SinoLithium, par-

13

NICKEL 28

ent of Chemphys, is expected to fund 30% of the feasibility and the entirety of a direct lithium extraction (DLE) lab and pilot program, which would earn it up to a 30% interest in the HMN project.

DLE technology that selectively extracts lithium ions from brine within the Chemphys process has potential to recover lithium with a reduced footprint when compared to conventional evaporation ponds.

In March, Lithium South announced average lithium recoveries of 80% from Chemphys testwork that produced a lithium sulphate product. According to

Lithium South, this represents almost a 100% increase in lithium extraction when compared with its results from a conventional lithium evaporation process. Chemphys also determined that the lithium sulphate was in line with feed requirements for battery-grade lithium carbonate production.

Follow-up plans include cycle tests with synthetic brine at a pilot plant (scheduled for the second quarter) and validation with a bulk sample of HMN brine.

See BATTERY METALS SNAPSHOT / 14

Charging ahead: Charging ahead nickel with net nickel with netzero zero carbon emissions carbon emissions CanadaCanada NickelNickel is rapidly advancing itsits is rapidly advancing Crawford nickel-cobalt project targeting Crawford nickel-cobalt project — -targeting TM TM production of NetZero Nickel production of NetZero Nickel

canadanickel.com canadanickel.com || TSX-V:CNC TSX-V:CNC

14

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APRIL 12—25, 2021 / THE NORTHERN MINER

BATTERY METALS SNAPSHOT From 13

With a HMN offtake agreement in place with Chemphys, the lithium generated would be sold at prices “related to market prices,” based on a November 2017 agreement.

A 2019 preliminary economic assessment for HMN, based on an evaporation scenario, suggests a 30-year mine, producing an average of 5,000 tonnes of lithium carbonate a year. Based on cash operating costs of US$3,112 per metric tonne of lithium carbonate, an initial capital outlay of US$93.4 million and a lithium price assumption of US$12,420 a tonne, the after-tax net present value estimate for the project comes in at US$217 million, using an 8% discount rate.

Measured and indicated resources at HMN total 141.8 million cubic metres grading 756 mg per litre lithium and contain 571,000 tonnes of lithium carbonate-equivalent.

In February, Lithium South closed the second of a two-tranche private placement, raising a total of $3.4 million in the two tranches.

Lithium South has a $52.8 million market capitalization. n NEO LITHIUM Neo Lithium (TSXV: NLC; US-

OTC: NTTHF) is working to deliver a feasibility study for its 3Q lithium brine project in Argentina’s Catamarca province, 100 km from the town of Fiambala, in the third quarter of this year. The 350-sq.-km site includes a 160-sq.km salar (dry lake) complex.

A 2019 prefeasibility study for the project suggests a 35-year conventional evaporation operation that would then purify and precipitate lithium carbonate. The brine would be processed at two locations, Fiambala, 100 km from 3Q, and at Recreo, 465 km from Fiambala.

The mine would generate an average of 20,000 tonnes of lithium carbonate a year at cash operating costs of US$2,914 per tonne. Based on an initial capital cost estimate of US$319 million, and lithium carbonate prices between US$11,500 and US$16,000 a tonne, the aftertax net present value estimate for this project stands at US$1.1 billion, at an 8% discount rate, with a 49.9% internal rate of return.

The feasibility study will focus on a scenario producing 20,000 tonnes of lithium carbonate a year, with an optional expansion to 40,000 tonnes a year once the first phase is established.

In January, the company announced that its lithium carbonate pilot plant in Fiambala produced

Logged core from Canada Nickel Company’s 2020 exploration program.

battery-grade lithium carbonate with 99.797% purity that meets “worldwide premium specifications.” Neo Lithium plans to continue optimizing the plant process for the feasibility.

The project includes a measured and indicated resource of 1.2 billion cubic metres grading 614 milligrams lithium per litre that contain

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IN A PREMIER US MINING DISTRICT Group Ten Metals (TSX.V: PGE / OTCQB: PGEZF) is focused on advancing our district-scale Stillwater West PGE-Ni-Cu-Co + Au project in Montana’s prolific Stillwater mining district with the objective of becoming a primary US-based source of battery and precious metals.

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Surging demand for nickel sulphide from energy storage uses, especially electric vehicles Nickel, PGEs and cobalt listed as ‘critical’ in the American Mineral Security Act, with the intent of advancing US supplies

deposit operated by Sibanye-Stillwater1 which hosts the highest-grade major PGE

Smelter & Refinery Complex Columbus, MT (60 km)

deposit in the world, and the largest outside

J-M Reef Deposit (Sibanye-Stillwater) Past Production²: Over 14 Moz combined Pd+Pt

of South Africa and Russia, with three producing mines, plus

Blitz Mine

SIBANYE-STILLWATER

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Large 61 km2 claim block, 100% owned Drill-defined “Platreef-style” bulk tonnage PGE-Ni-Cu-Co mineralization now advancing to maiden resources Nickel and copper sulphide mineralization, enriched in palladium, platinum, rhodium, gold, and cobalt

Group Ten Sibanye Stillwater 1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of Group Ten’s projects 2: Based on publicly disclosed production statistics of Sibanye-Stillwater including most recent CPR.

CANADA NICKEL COMPANY

4 million tonnes of lithium carbonate and inferred resources of 939 million cubic metres at 584 milligrams lithium that add 2.9 million tonnes of lithium carbonate. The project’s reserves include 1.3 million tonnes of lithium carbonate.

According to Neo Lithium’s corporate presentation, the average grade of the 3Q project posi-

BATTERY & PLATINUM GROUP METALS

Primary PGE demand driven by tightening emissions standards

WWW.NORTHERNMINER.COM

Also targeting drill-defined high-grade gold at the Pine target

tions it as the fourth-highest grade lithium project worldwide.

In February, the company closed a $30.2 million bought deal financing.

In mid-March, Neo Lithium closed a $2.6 million equity investment by publicly traded Chinaheadquartered Contemporary Amperex Technology Co. (CATL); the company has an 8% equity stake in Neo Lithium with a participation right to maintain its percentage holding. CATL is involved in the manufacturing of lithium-ion batteries.

Neo Lithium has a $369.2 million market capitalization.

NICKEL 28 Nickel 28 Capital’s (TSXV: NKL) most advanced asset is an 8.56% joint venture interest in the Ramu nickel-cobalt open pit operation in Papua New Guinea. China Metallurgical Group is the project operator. The mine has been operating since 2012 and Nickel 28 expects to start receiving 35% of its attributable cash flow from this asset in 2022. Once Nickel 28’s share of project debt is repaid, the company would receive its entire share of project cash flows and its interest in the joint venture would increase to 11.3%.

In mid-March, Nickel 28 announced that it had purchased 52,500 carbon offsets, expected to fully offset its share of 2021 greenhouse gas emissions from the Ramu mine and refinery. According to the press release, Nickel 28 “believes this will make it the mining industry’s first carbon-neutral refined nickel-cobalt producer.”

The Toronto-based company also holds a portfolio of 13 nickelcobalt royalties on projects in Canada, Australia and Papua New Guinea.

Canadian royalties include a 1.75% net smelter return (NSR) royalty on the construction-ready Dumont nickel-cobalt project, held by Waterton Global Resource Management, which hosts one of the “largest undeveloped nickel and cobalt reserves in the world,” according to Nickel 28. The portfolio also includes a 2% NSR on Giga Metals’ (TSXV: GIGA; USOTC: HNCKF) Turnagain nickelcobalt project in B.C. Additional Canadian royalty holdings include a 2% cobalt NSR on Fireweed Zinc’s (TSXV: FWZ) North Canol properties in the Yukon and a 2% cobalt NSR on New Found Gold’s (TSXV: NFG; US-OTC: NFGFF) Triangle project in Ontario.

In Australia, Nickel 28 has royalties on two pre-production nickel-cobalt assets. The construction-ready Nyngan nickel-cobaltscandium project, where Conic holds a 1.7% gross revenue royalty, See BATTERY METALS SNAPSHOT / 15

SPECIAL FOCUS BATTERY METALS

GLOBAL MINING NEWS

First Cobalt’s cobalt refinery in northern Ontario.

FIRST COBALT

Lithium South’s Hombre Muerto North project in Argentina.

BATTERY METALS SNAPSHOT From 14

is permitted and held by U.S.-based Scandium International Mining (TSX: SCY).

The company also has a 2.2% interest in Minerva Intelligence (TSXV: MVAI), an artificial intelligence software company.

Earlier this year, Nickel 28 completed a formal name change, from Conic Metals.

Nickel 28 has a $55.1 million market capitalization.

UNITED LITHIUM United Lithium (OTC: ULTH) is a lithium explorer focused on assets in Sweden and Canada.

In February, the junior entered into a definitive agreement with Leading Edge Materials (TSXV: LEM) to acquire the Bergby lithium project in central Sweden, 25 km north of the city of Gavle. This acquisition is expected to be completed in the second quarter.

The consideration includes a $250,000 payment on closing as well as the issue of 1 million United Lithium shares and 400,000 warrants. An additional $250,000 payment would be due six months after closing. United Lithium has also agreed to grant Leading Edge Materials a 2% net smelter return (NSR) royalty and, if Leading Edge acquires additional mineral claims in the area, United Lithium would issue the vendor $250,000 worth of warrants.

Bergby, at 19 sq. km, was originally staked in 2016. Prospecting has traced an “extensive” lithiummineralized spodumene pegmatite boulder field with outcrops.

A 1,525-metre, 33-hole drill campaign completed in 2017 hit lithium mineralization in 28 holes along 450 metres of strike. These holes tested depths of up to 65 metres. Drill highlights included 8.2 metres of 2.06% lithium oxide; 10.5 metres of 1.57% lithium oxide; and 18.8 metres of 1.14% lithium oxide.

Once it completes the acquisi-

LITHIUM SOUTH

tion, United Lithium plans to start a three-phase drill campaign at Bergby. The first, 3,000-metre portion, would focus on areas along strike and down-dip of the prior mineralization. The company also plans to complete an airborne survey. Phase two would aim at drilling 3,000 metres at a spacing that would support a resource calculation. Drilling in the third phase is planned to test areas at depth, target strike step-outs and test for potential parallel zones.

In March, United Lithium signed a partnership with Mississauga-based Process Research Ortech to develop an initial leaching and purification process flowsheet for lithium mineralization hosted in hard rock spodumene.

Results on the recoveries of lithium carbonate are expected within approximately 16 to 22 weeks.

United Lithium’s Canadian asset is the Barbara Lake lithium project, 160 km northeast of Thunder Bay. Earlier in March, the company closed a $9.2 million private placement of special warrants.

United Lithium has a $41.6 million market capitalization.

VITAL METALS Sydney-based Vital Metals (ASX: VML) is focused on starting up its Nechalacho rare earths project in the Northwest Territories, 100 km southeast of Yellowknife.

Based on a resource update from December 2019, the Upper zone at Nechalacho includes a total of 94.7 million tonnes grading 1.46% total rare earth oxides (TREO) — this includes measured, indicated and inferred resources based on the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). The North T zone at Nechalacho hosts 101,000 tonnes of measured and indicated resources at 9.01% rare earth oxides, which, according to Vital, makes it one of the highest-grade rare earth deposits worldwide.

THE NORTHERN MINER / APRIL 12—25, 2021

15

Vital Metals’ Nechalacho rare earth project.

VITAL METALS

In March, the company started mining operations at Nechalacho by mobilizing its fleet. The mining contractor is expected to start up at the high-grade North T zone shortly, and will access the site from the 110-km Nechalacho ice road on Great Slave Lake.

Mining and crushing are scheduled to take place between March and September. This material will then be stockpiled for ore sorting, planned for the next three summers.

Vital expects to complete a second mining campaign in 2024.

Vital has a two-stage development vision for the rare earths asset. The first would focus on mining of the North T zone as an open pit while the second would develop the larger Tardiff deposit.

Material from the first-stage pit operation would be sorted on-site to generate a product for off-site processing at Vital’s rare earth extraction plant, planned to be built

in Saskatoon, producing a rate earth carbonate product for sale.

In February 2021, Vital signed a definitive agreement with REEtec, a Norwegian rare earths separation company, to provide 1,000 tonnes of rare earth oxide over five years, with the option to increase the offtake up to 5,000 tonnes of rare earth oxide over 10 years.

Also in March, the developer completed a A$43 million share placement with institutional investors. The proceeds are intended to fund construction, mining and operations at the NWT project.

Funds are also allocated for the construction of an extraction plant in Saskatoon and a drilling program for a stage-two mine plan, among others.

Vital also holds the Wigu Hill rare earth project in Tanzania, where mining license discussions are underway with the government.

Vital Metals has a A$181.9 million market capitalization. TNM

16

APRIL 12—25, 2021 / THE NORTHERN MINER

SPECIAL FOCUS BATTERY METALS

WWW.NORTHERNMINER.COM

The DRC launches state-owned cobalt miner COBALT

| Company has monopoly on country’s hand-mined ore

he Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country’s hand-mined cobalt.

EGC is a wholly owned subsidiary of state-miner Gécamines. It was created a year ago to help control artisanal supplies and boost government revenue through price controls, and will sell cobalt hydroxide under a five-year contract with trading house Trafigura.

The non-exclusive supply deal will also see Trafigura finance the creation of strictly controlled artisanal mining zones, buying centres and logistics to trace supply.

The new company has not disclosed the terms of its agreement with Trafigura.

The DRC holds around 70% of the world’s reserves of cobalt, crucial for the lithium-ion batteries used in the fast-growing electric vehicle (EV) sector.

The DRC’s artisanal miners are the world’s second-largest source of cobalt after the country’s industrial mines. Consultancy CRU expects the DRC to produce more than 100,000 tonnes of cobalt this year or 71% of the global total, of which 8,000 will come from artisanal sources.

Child labour and a lack of safety measures in artisanal mining are behind many initiatives to formalize the sector.

According to Amnesty International, children as young as seven have been found scavenging for rocks containing cobalt in the DRC. The group also claims to have evidence that the cobalt those miners dig has been entering the supply chains of some of the world’s biggest brands.

“All of us engaged in this endeavour are aligned in a firm commitment to collaborate transparently with our stakeholders and to ensure that together we create effective solutions for responsibly sourced cobalt,” Jeremy Weir, Trafigura’s executive chairman and CEO, stated in a press release.

“Ultimately, we believe that a formalized artisanal mining sector can

transform lives and serve as a catalyst for economic growth in the DRC.” EV makers including Tesla and Volkswagen have recently vowed to help improve working conditions in the DRC. The metal, a by-product of copper or nickel mining, is an essential metal in the production of the batteries that power EVs and high tech devices.

China’s biggest cobalt producer, Huayou Cobalt, which supplies to LG Chem as well as Volkswagen, said last year it would stop buying from artisanal miners in the DRC. Trafigura has been involved in efforts to monitor and improve artisanal cobalt mines in the Central African nation since 2018. That year, it opened a pilot project to formalize informal miners at Chemaf Sarl’s Mutoshi mine.

After raising US$450 million in 2019 for the facility, Trafigura had to suspend the project in March last year, due to the global pandemic.

Official figures show that more than 200,000 people make their living digging cobalt and copper in Congo’s southeast Katanga region. TNM

identify the next target locations for further drilling, with the aim to continue expanding the current resource towards the south.

The company currently has a 17.56% stake in the project. Kennecott Exploration, a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO), owns the remaining 82.44%.

Talon first became involved in Tamarack in 2014. In November 2018, Talon struck a new arrangement with Rio Tinto. Under the revised deal, Talon has the right to initially earn a 51% stake in the project by spending US$10 million on exploration and development

and paying US$5 million to Kennecott by March 2022. Talon has already paid US$6 million in cash and issued US$1.5 million in shares to Kennecott, and spent US$8 million on exploration as of September 30.

Talon can increase its stake to 60% by completing a feasibility study and paying an additional US$10 million to Kennecott by March 2026.

Talon became project operator in October 2019.

The junior has around $45 million in the treasury, which will be “more than enough to fund our exploration program over the next 12 months as well as a prefeasibility study, which

is slated to commence by the end of the year,” said Werger.

The company is also mulling over a potential secondary U.S. listing on one of the major exchanges in the latter part of the year.

Significant shareholders include Resource Capital Funds, which holds a 39.2% stake in the company; Rio Tinto has a 4.4% interest; and management and directors a 3.9% stake.

Talon hopes to reduce the project’s environmental footprint by sourcing renewable power, using dry stack tailings, and is looking at several carbon sequestration studies. TNM

BY CECILIA JAMASMIE

T Stockpiles at Ivanhoe’s Kamoa-Kakula project in the DRC.

COPPER From 9

est producers of copper, platinumgroup metals and nickel.”

At present, Kamoa-Kakula’s Phase 1, 3.8-Mtpa concentrator is nearing completion, with the civil works for the second 3.8 million tonne per year concentrator (Phase 2) advancing rapidly. At the same time, the second stage commissioning of the Phase 1 ball mills and the concrete foundations for the second set of ball mills for the Phase 2 concentrator are underway.

Kamoa-Kakula has been independently ranked as the world’s fourthlargest copper deposit by Wood

NICKEL From 8

Recently, Talon released the longest intercept of mixed massive sulphide mineralisation to date. Drillhole 20TK0278 cut 21.73 metres grading 6.72% nickel, 2.95% copper, 0.13% cobalt, 0.56 gram palladium per tonne, 0.76 gram platinum per tonne, and 0.38 gram gold per tonne (8.35% nickel equivalent) starting from 459.72 metres. The intersection included a higher-grade interval of 6.52 metres of 8.21% nickel, 3.72% copper, 0.16% cobalt, 0.67 gram palladium, 0.86 gram platinum, and 0.36 gram gold (10.21% nickel equivalent).

“We were expecting to hit about two metres of massive sulphide mineralisation but ended up hitting the longest interval to date on the property,” Werger said. “The hole suggests that our current resource area has

IVANHOE MINES

Mackenzie. Its updated resource estimate shows that it holds 1.4 billion indicated tonnes grading 2.74% copper for 83.7 billion pounds of copper and another 339 million inferred tonnes grading 1.68% copper for 12.5 billion pounds of copper at a 1% cut-off grade.

According to Friedland, as infrastructure projects are being completed on the property, the recently obtained funding will also be used to expand and accelerate a copper exploration program on the company’s Western Foreland exploration licences, located in close proximity to the Kamoa-Kakula mining licence. TNM

the potential to grow to the south.”

Drilled on the western limb of a high-grade massive sulphide unit, the hole was a 27-metre step-out from a historic drill hole (08TK0083) in an area that has been largely underexplored. It targeted a geophysical anomaly identified from an off-hole Borehole Electro-Magnetic survey from drillhole 20TK0276.

“From the geophysics, we have interpreted that there are two arms of massive sulphide mineralisation that split and diverge,” he said. “The grades [of these massive sulphides] are incredible, and from an economic standpoint, they will have a meaningful impact as we look to expand the resource area and bring inferred resources into the indicated category to add more material to our mine plan.”

Additional geophysical surveying is currently being conducted to

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APRIL 12—25, 2021 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / MARCH 29 – APRIL 1 The S&P/TSX Composite Index rose 1.27% to 18,990.32 during the March 29-April 1 trading week. The S&P/TSX Global Mining Index climbed 1.34% to 104.02, and the S&P/TSX Global Base Metals Index increased by 0.92% to 157.88. Spot gold fell US$3 per oz., or 0.17%, to US$1,730.30 per oz., and the S&P/TSX Global Gold Index jumped 3.10% to 295.36.

Kirkland Lake Gold rose $2.37 to $44.44 per share. The company reported that it expects annual production at its Detour Lake open-pit mine in northern Ontario to reach 900,000 oz. of gold by 2032, based on the latest life-of-mine plan. The technical report forecasts average production of 680,000-720,000 oz. a year between 2021-2024, increasing to 800,000 oz. in 2025.

The forecast does not account for any of the exploration upside realised by Kirkland since it acquired the asset in January 2020, nor does it include the impact of the company’s business improvement initiatives. Starting in January, the report forecast an 18-year mine life, with an additional four years of processing low-grade stockpiles. The economic analysis forecasts an after-tax net present value of US$3.8 billion, based on US$1,500 per oz. of gold and using a 5% discount rate. These numbers incorporate US$3.6 billion in capital outlays over the life

of the mine (US$1.5 billion over the next five years) and are based on average all-in sustaining costs of US$821 per oz. (US$775 per oz. between 2021 and 2024).

Shares of Endeavour Mining climbed $1.78 to $26.63. Endeavour completed a previously announced US$200 million investment by La Mancha Holding, a privately held investment company owned by the Sawiris family. Under the deal, Endeavour issued 8.9 million ordinary shares of the company to La Mancha at a price of approximately US$22.45 per share. The investment, announced as part of Endeavour’s acquisition of Teranga Gold on November 16, is being made by La Mancha under its pre-existing anti-dilution right. Following the investment, TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy B2Gold Corp Barrick Gold Kinross Gold Yamana Gold First Quantum New Gold Nutrien Teck Res Denison Mines

SU 24629 BTO 15530 ABX 15195 K 14018 YRI 9597 FM 9319 NGD 8082 NTR 8026 TECK.B 7998 DML 7399

27.04 5.75 25.61 8.86 5.66 25.01 2.07 71.75 24.71 1.50

WEEK LOW CLOSE CHANGE

26.00 5.25 24.52 8.12 5.32 23.53 1.89 66.92 23.57 1.28

27.02 + 5.63 25.57 + 8.81 + 5.66 + 24.97 + 2.06unch 68.42 24.54 + 1.48 +

0.24 0.12 0.47 0.36 0.01 0.77 0.00 2.00 0.59 0.12

La Mancha will have increased its stake in the company from 16.72% to 19%.

Calibre Mining increased 20¢ to $1.73 per share. The company announced a 202% increase in probable reserves to 864,000 oz. gold since the end of 2019 and after 2020 depletion at its El Limon and La Libertad mining complexes in Nicaragua. Probable reserves at the El Limon complex increased by 98% to 4 million tonnes grading 4.38 grams gold per tonne for

568,000 contained gold ounces. At the Libertad complex, probable reserves increased from zero to 2 million tonnes grading 4.71 grams gold for 296,000 oz. of gold. “Our investment in exploration in 2020 has resulted in the largest mineral reserve since 2010 and the highest reserve grade of 4.49 grams gold per tonne on record, which provides an excellent foundation for future growth,” Calibre CEO Darren Hall said in a press release. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Forsys Metals HudBay Min Nickel Creek Solaris Res Calibre Mng Skeena Res Mountain Prov Aquila Res Belo Sun Mng Northcliff Res EurOmax Res Verde Potash Ascot Res St Augustine Scandium Intl Serabi Gold Monarch Mining Gatos Silver SouthGobi Res INV Metals

FSY HBM NCP SLS CXB SKE MPVD AQA BSX NCF EOX NPK AOT SAU SCY SBI GBAR GATO SGQ INV

VOLUME (000s)

WEEK LOW CLOSE CHANGE

2378 0.94 0.67 6682 9.16 7.83 1287 0.13 0.10 521 9.52 8.17 2094 1.75 1.51 1568 3.38 2.91 290 0.61 0.51 260 0.10 0.09 894 0.84 0.75 198 0.06 0.05 83 0.09 0.07 281 1.74 1.41 4042 1.01 0.85 384 0.09 0.08 334 0.22 0.19 5 1.23 1.05 887 0.88 0.76 52 14.70 12.44 69 0.82 0.69 195 0.43 0.40

0.87 9.11 0.13 9.45 1.73 3.37 0.58 0.10 0.84 0.06 0.07 1.41 0.87 0.08 0.19 1.14 0.79 13.15 0.74 0.40

+ + + + + + + + + + -

26.1 14.3 13.6 13.6 13.1 11.6 11.5 11.1 10.5 10.0 17.6 12.4 12.1 11.8 9.5 9.5 9.2 8.8 8.6 8.0

Franco-Nevada Kirkland Lake Wheaton Prec M Endeavour Mng Lithium Amer HudBay Min Solaris Res Lundin Gold Agnico Eagle MAG Silver Nutrien Gatos Silver Aura Minerals Largo Res Teck Res Marimaca Cop Perpetua Res Excellon Res Labrador IOR Verde Potash

FNV KL WPM EDV LAC HBM SLS LUG AEM MAG NTR GATO ORA LGO TECK.A MARI PPTA EXN LIF NPK

1873 4192 4782 3951 2975 6682 521 1202 2358 1109 8026 52 748 554 3 75 116 183 1506 281

WEEK CLOSE

163.00 44.44 50.06 26.63 19.93 9.11 9.45 10.43 74.86 20.10 68.42 13.15 12.81 17.32 30.73 4.30 8.19 3.63 37.45 1.41

CHANGE

+ + + + + + + + + + -

8.16 2.37 2.18 1.78 1.62 1.14 1.13 0.92 0.87 0.87 2.00 1.27 1.09 0.75 0.48 0.28 0.27 0.26 0.22 0.20

TSX VENTURE EXCHANGE / MARCH 29 – APRIL 1 The S&P/TSX Venture Composite Index rose 1.86% to finish the trading week at 960.84. Spot gold fell US$3 per oz., or 0.17%, to US$1,730.30 per ounce.

Shares of Rusoro Mining rose 2¢ to 8¢ per share. At the end of March, the French Supreme Court overturned a decision by the Paris Court of Appeal that had annulled part of the damages portion of the arbitral award granted to Rusoro in its decade-long dispute with the government of Venezuela. In 2016, the International Center for the Settlement of Investment Disputes granted the Canadian miner a US$967.77-million award, following the expropriation of its 95%-owned Choco 10 mine and 50%-owned Isidora mine by Venezuela’s former ruler Hugo Chavez. According to the World Bank tribunal, the South American country had breached its obligations under the Canada-Venezuela Bilateral Investment Treaty.

Great Bear Resources fell 41¢ to $15.50 per share. The company released assay results from three step-down drill holes completed over 500 metres of strike at its Dixie project in Ontario.

The drilling hit the gold-bearing LP fault at vertical depths between 700 and 820 metres.

Highlights included drillhole BR-260, which intersected 3.05 metres grading 15.57 grams gold

per tonne from 942.2 metres; BR-261, which returned 1.25 metres of 5.62 grams gold from 822 metres; and BR-262, which cut 2 metres of 7.27 grams gold from 46.50 metres. The company noted that the gold grades and thicknesses at depth were better than those closer to surface on two of the three sections tested. The deeper step-out drilling is expected to continue throughout 2021 and will focus on infilling a four-kilometre section of the 18-km strike of the LP fault. The company plans to complete at least 130 drill holes at the structure in 2021.

Pure Gold dropped 34¢ to $1.41 per share.

The company reported a ramp-up of the mill at its PureGold mine in Red Lake to 800 tonnes per day, achieving the nameplate capacity.

Since January, the mill has been operating at TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold HIVE 11211 Rusoro Mng RML 10788 Aurelius Min AUL 9354 Canada Rare LL 8990 New Age Metals NAM 6438 Cache Explor CAY 6068 Pure Gold Mg PGM 5412 Kermode Res KLM 5122 Eurotin LIM.H 5067 Erin Ventures EV 5055

5.19 0.14 0.07 0.13 0.21 0.19 1.79 0.04 0.02 0.18

WEEK LOW CLOSE CHANGE

4.20 0.06 0.04 0.08 0.17 0.16 1.32 0.02 0.02 0.09

4.98 + 0.08 + 0.05unch 0.09 + 0.19unch 0.16unch 1.41 0.03unch 0.02unch 0.09 -

0.84 0.02 0.00 0.01 0.00 0.00 0.34 0.00 0.00 0.02

greater than 75% capacity, including multiple consecutive days at greater than 800 tonnes per day and a peak daily throughput of 897 tonnes per day. Pure Gold said it will now focus on fine-tuning its underground operations. The company has also entered into a binding agreement with Sprott Private Resource Lending to increase the principal amount of its debt by

up to US$20 million, with US$12.5 million of this amount available upon closing, which, the company says, will ensure the PureGold mine continues its ramp-up with maximum financial flexibility. The remaining US$7.5 million can be accessed if needed to provide additional liquidity. The agreement also defers the payment of cash interest until the end of June. TNM TSX-V GREATEST VALUE CHANGE

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

Lovitt Res Apollo Gold Vantex Res Valterra Res CanAlaska Uran Intl Zeolite Noble Metal Guardian Exp Castle Peak Mg Lasalle Explor Prism Res Doubleview Gld New Destiny Mg Melkior Res Andean Prec Rogue Res Worldwide Res Arcus Dev Grp Green Battery Pac Bay Mnrls

LRC.H APGO VAX VQA CVV IZ NMG.H GX CAP LSX PRS DBG NED MKR APM RRS WR.H ADG GEM PBM

91 1158 72 248 1759 607 480 74 81 632 407 3674 90 381 184 317 55 381 1139 28

0.33 0.72 0.38 0.09 0.78 0.16 0.03 0.14 0.02 0.20 0.06 0.62 0.08 0.68 2.00 0.16 0.09 0.04 0.35 0.17

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.20 0.00 0.26 0.07 0.52 0.11 0.02 0.10 0.00 0.14 0.04 0.35 0.06 0.45 1.21 0.10 0.05 0.03 0.24 0.13

0.32 0.68 0.38 0.09 0.74 0.16 0.02 0.14 0.02 0.20 0.04 0.37 0.06 0.46 1.42 0.10 0.05 0.03 0.25 0.13

+ + + + + + + + + + -

60.0 56.3 55.1 38.5 37.0 34.8 33.3 33.3 33.3 33.3 42.9 32.7 31.3 30.3 29.0 28.6 28.6 28.6 28.6 26.5

Nouveau Monde Leeta Gold Tanqueray Expl Metalla Rylty Uranium Roylty Golden Secret Intl Cons Uran Filo Mg Corp Arizona Metals Rupert Res Andean Prec Great Bear Res New Found Gold Aurania Res Pure Gold Mg Universal Vent Prime Mining Golden Valley Melkior Res Wolfeye Res

NOU HIVE IPA MTA URC TBRD CUR FIL AMC RUP APM GBR NFG ARU PGM MCLD PRYM GZZ MKR LXG

4074 11211 139 80 1085 550 881 1543 1305 93 184 256 825 334 5412 149 1228 462 381 1218

WEEK CLOSE

19.10 4.98 13.01 11.49 3.73 4.80 2.25 3.37 2.47 3.99 1.42 15.50 4.24 2.37 1.41 2.31 2.97 6.40 0.46 0.79

CHANGE

+ + + + + + + + + + -

1.50 0.84 0.78 0.68 0.67 0.55 0.46 0.35 0.34 0.34 0.58 0.41 0.36 0.34 0.34 0.29 0.28 0.24 0.20 0.19

U.S. MARKETS / MARCH 29 – APRIL 1 The Dow Jones Industrial Average rose 0.24% to finish the week at 33,153.21 and the S&P 500 fell 0.77% to 3,913.10. Spot gold dropped US$3 per oz., or 0.17%, to US$1,730.30 per ounce.

AngloGold Ashanti jumped US$1.95 to US$22.98. Interim CEO Christine Ramon said on March 31 that the company does not need to pursue mergers and acquisitions and won’t add scale for its own sake, dampening speculation that it might take part in further consolidation in the sector. Earlier in the month, Neal Froneman, Sibanye-Stillwater’s CEO, floated the idea of a merger with AngloGold and Gold Fields, arguing that consolidation is needed for South Africa’s gold miners to compete globally. Reuters reported on March 31 that Ramon had declined to comment when asked about a potential tie-up with Gold Fields during a roundtable at the virtual Mining Indaba conference, which also included Froneman. While Ramon acknowledged that consolidation could bring benefits generally, including operational synergies, it can also add complexity and costs, she said. “I think bigger doesn’t necessarily mean better,” Ramon said, according to the news agency. “We wouldn’t look to build scale just for the sake of it.”

Shares of Vale climbed US38¢ to US$17.12

per share. The company announced that it had concluded the sale of its nickel and cobalt operations in New Caledonia to a consortium called Prony, which includes commodity trader Trafigura. While Vale did not disclose the exact terms of the deal, it said US$1.1 billion would be invested in the New Caledonia assets, with US$555 million coming from its subsidiary Vale Canada. Vale Nouvelle Calédonie, the Goro nickel-cobalt mine operator, has proved to be a financial burden for Vale since it began operations two years behind schedule in 2010.

Mounting issues, including a US$1.6 billion write-down related to the ailing mines, pushed the mining giant to announce in 2019 its intention to exit New Caledonia. “Vale’s intent from the beginning of the divestment process U.S. MOST ACTIVE ISSUES VOLUME (000s)

United States S* Cleveland-Clif* Vale* Freeport McMoR* Barrick Gold* Kinross Gold* Yamana Gold* Chevron Corp* Hecla Mining* Cameco Corp*

X 148248 CLF 143434 VALE 89180 FCX 68967 GOLD 59360 KGC 56979 AUY 41524 CVX 31265 HL 28514 CCJ 28367

HIGH

27.40 20.34 17.51 33.97 20.41 7.05 4.51 107.53 6.00 17.53

WEEK LOW CLOSE CHANGE

22.31 25.00 + 2.25 16.01 19.42 + 2.85 16.73 17.12 + 0.38 31.38 33.76 + 0.80 19.44 20.37 + 0.37 6.43 7.02 + 0.30 4.21 4.50 + 0.02 104.21 105.75 - 1.73 5.41 5.93 - 0.01 15.59 17.25 + 0.60

was to withdraw from New Caledonia in an orderly and responsible manner,” Eduardo Bartolomeo, the company’s CEO stated in a press release. “This deal accomplishes that.”

Gatos Silver dropped US$1 to US$10.49 per share. The company reported revenues of $121.5 million last year, a 223% year-onyear increase, but posted a net loss of $35 million, up from $30.9 million in 2019. The company’s Cerro Los Gatos mine in Mexico

produced 21,254 tonnes of lead concentrate and 27,728 tonnes of zinc concentrate last year.

The mine started production in September 2019, and achieved its designed throughput rate of 2,500 tonnes per day in December 2020. On March 11, the company purchased from its joint-venture partner Dowa Metals & Mining, an 18.5% interest in the Los Gatos JV (LGJV) for $71.6 million, increasing its ownership to 70%. TNM

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

Cleveland-Clif* HudBay Min* Harmony Gold* United States S* AngloGold Ash* Lithium Amer* Gold Fields* Kirkland Lake* Mechel* Franco-Nevada* Gatos Silver* CONSOL Energy* Nutrien* MartinMarietta* Trecora Res* CONSOL Energy* Alcoa* Chevron Corp* NACCO Ind* Arch Resources*

CLF HBM HMY X AU LAC GFI KL MTL FNV GATO CEIX NTR MLM TREC CNX AA CVX NC ARCH

143434 20.34 5367 7.29 23872 4.91 148248 27.40 19083 23.08 19710 17.52 25253 10.20 9874 35.44 434 1.77 2882 129.95 1877 11.60 1037 10.04 9231 56.95 2669 352.36 439 8.00 11193 15.89 27221 34.29 31265 107.53 105 26.15 1462 43.21

U.S. GREATEST VALUE CHANGE VOLUME (000s)

WEEK LOW CLOSE CHANGE

16.01 19.42 6.21 7.28 4.22 4.87 22.31 25.00 20.83 22.98 13.46 15.87 9.16 10.14 31.72 35.41 1.66 1.74 122.53 129.91 9.88 10.49 9.07 9.55 53.20 54.49 329.81 333.88 7.59 7.70 14.36 15.34 31.34 32.23 104.21 105.75 23.55 24.65 39.39 42.34

+ 17.2 + 14.6 + 10.7 + 9.9 + 9.3 + 9.1 + 8.3 + 6.0 + 5.5 + 5.3 - 8.7 - 3.8 - 2.8 - 2.2 - 2.0 - 1.8 - 1.7 - 1.6 - 1.0 - 0.7

Franco-Nevada* FNV Cleveland-Clif* CLF United States S* X Kirkland Lake* KL AngloGold Ash* AU Wheaton Prec M* WPM Lithium Amer* LAC Intrepid Pots* IPI HudBay Min* HBM Agnico Eagle* AEM MartinMarietta* MLM Chevron Corp* CVX Nutrien* NTR Gatos Silver* GATO Alcoa* AA CONSOL Energy* CEIX CONSOL Energy* CNX Arch Resources* ARCH NACCO Ind* NC Trecora Res* TREC

2882 143434 148248 9874 19083 15802 19710 704 5367 4872 2669 31265 9231 1877 27221 1037 11193 1462 105 439

WEEK CLOSE

129.91 19.42 25.00 35.41 22.98 39.90 15.87 32.86 7.28 59.67 333.88 105.75 54.49 10.49 32.23 9.55 15.34 42.34 24.65 7.70

CHANGE

+ + + + + + + + + + -

6.51 2.85 2.25 1.99 1.95 1.82 1.32 0.98 0.93 0.81 7.36 1.73 1.55 1.00 0.55 0.38 0.28 0.28 0.25 0.16

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 12—25, 2021

19

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, Mar 30 2020 (change from Mar 23, 2020 in brackets): Aluminium Alloy 1680 (0) Aluminium 1905375 (-50950) Copper 142550 (+20125) Lead 119850 (-1825) Nickel 260568 (-360) Tin 1770 (+20) Zinc 271025 (+7650)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$60.90 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.90 Cobalt: US$22.73/lb.

Copper: US$3.98/lb.

Copper: CME Group Futures May 2021: US$4.15/lb.; June 2021: US$4.15/lb Iridium: NY Dealer Mid-mkt US$6,000.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$167.00 Lead: US$0.88/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$27,100.00 tr. oz.

Ruthenium: Mid-mkt US$400.00/tr. oz.

Silver: Handy & Harman Base: US$24.79 per oz.; Handy & Harman Fabricated: US$30.98 per oz.

Tin: US$12.41/lb.

Uranium: U3O8, Trade Tech spot price: US$30.50 per lb. U308 Zinc: US$1.25/lb.

Prices current April 5, 2021

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Mar 15, 2021 (with changes from Feb 28, 2021) Largest short positions Suncor Energy SU 17236257 1818088 2/28/2021 New Gold NGD 14995207 -2054927 2/28/2021 Ivanhoe Mines IVN 14263344 6470280 2/28/2021 Kinross Gold K 12783765 -1344886 2/28/2021 Barrick Gold ABX 11538173 2172361 2/28/2021 Nexgen Energy NXE 11002254 -4270486 2/28/2021 Equinox Gold EQX 10381751 561082 2/28/2021 Premier Gold M PG 9315422 -66916 2/28/2021 Argonaut Gold AR 9286369 412907 2/28/2021 Fortuna Silvr FVI 8710806 23499 2/28/2021 Wheaton Prec M WPM 8165002 -358353 2/28/2021 Denison Mines DML 8013399 2179531 2/28/2021 First Quantum FM 7221491 -1159666 2/28/2021 Endeavr Silver EDR 6609146 43905 2/28/2021 Fission Uran FCU 6524671 -679726 2/28/2021 Largest increase in short position Ivanhoe Mines IVN 14263344 6470280 2/28/2021 Talon Metals TLO 4832655 2218792 2/28/2021 Denison Mines DML 8013399 2179531 2/28/2021 Barrick Gold ABX 11538173 2172361 2/28/2021 Suncor Energy SU 17236257 1818088 2/28/2021 Largest decrease in short position Nexgen Energy NXE 11002254 -4270486 2/28/2021 Trevali Mining TV 2618161 -3614409 2/28/2021 Yamana Gold YRI 4864930 -2158837 2/28/2021 New Gold NGD 14995207 -2054927 2/28/2021 Excelsior Mng MIN 323636 -1430709 2/28/2021

Short positions outstanding as of Mar 15, 2021 (with changes from Feb 28, 2021) Largest short positions Cypress Dev CYP 4052246 1724429 2/28/2021 Neo Lithium NLC 3696298 1090778 2/28/2021 Mineworx Tech MWX 3025072 2989181 2/28/2021 AbraSilver Res ABRA 2101968 1853802 2/28/2021 SearchlightRes SCLT 1906394 1679804 2/28/2021 American Lith LI 1854176 192672 2/28/2021 Global Battery GBML 1842422 1185689 2/28/2021 First Cobalt FCC 1740400 453067 2/28/2021 Adex Mining ADE 1439053 1342232 2/28/2021 Discovery Harb DHR 1351899 1334464 2/28/2021 Uragold Bay Rs HPQ 1327287 441589 2/28/2021 Gratomic GRAT 1273904 849266 2/28/2021 GT Gold GTT 1219110 1183402 2/28/2021 Dolly Vard Sil DV 1143243 -20380 2/28/2021 Alphamin Res AFM 1119890 854512 2/28/2021 Largest increase in short position Mineworx Tech MWX 3025072 2989181 2/28/2021 AbraSilver Res ABRA 2101968 1853802 2/28/2021 Cypress Dev CYP 4052246 1724429 2/28/2021 SearchlightRes SCLT 1906394 1679804 2/28/2021 Adex Mining ADE 1439053 1342232 2/28/2021 Largest decrease in short position Arcturus Vent AZN 144441 -4142610 2/28/2021 Meridian Mg MNO 186267 -3999808 2/28/2021 Anfield Energy AEC 29270 -2838686 2/28/2021 Minera Alamos MAI 136633 -2609396 2/28/2021 Red Pine Expl RPX 4200 -1924893 2/28/2021

DAILY METAL PRICES Daily Metal Prices Date Apr 02 Apr 01 Mar 31 Mar 30 Mar 29 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy ----/---2041.50/2050 2041/2050 2134.50/2146.50 2134.50/2147 Aluminum ----/---2212.50/2236.50 2212.50/2235 2220.50/2246 2255.50/2279 Copper ----/---8768/8764 8850.50/8845.50 8788.50/8795 8942.50.50/8937 Lead ----/---1942.50/1967.50 1956.50/1979 1944/1968 1934/1958.50 Nickel ----/---16001/16048 16098/16150 16327/16359 16259/16302 Tin ----/---27369/25202 27180/25300 27517/25440 27920/25350 Zinc ----/---2765.50/2781.50 2795/2807.50 2822/2833 2811/2823.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM ----1715.85 1685.35 Gold PM ----1726.05 1691.05 Silver ----24.32 24.00 Platinum ----1199.00 1182.00 Palladium ----2640.00 2625.00

1696.70 1683.95 24.34 1166.00 2568.00

1723.95 1705.95 24.83 1191.00 2572.00

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

Apr 01 1.2547 0.7970

Mar 31 1.2565 0.7959

Mar 30 1.2622 0.7923

Mar 29 1.2591 0.7942

Exchange rates (Quote Media, April 01, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0463 0.6767 88.1580 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5761 5.2320 58.4395 US to AUS US to EURO US to YEN 1.3128 0.8491 110.6140 US to UK Pound US to China Yuan US to India Rupee 0.7229 6.5654 73.2875

TSX WARRANTS 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 Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 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 Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry.

Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

Mar 25 ($) 23.66 67.35 64.37 13.82 11.49 26.35 28.57 14.61 17.66 70.44 18.02 51.85 9.56 53.63 54.00 48.86 44.54

Change ($) 0.92 3.40 2.84 0.56 0.10 0.79 1.42 0.48 0.87 2.32 0.63 1.15 0.37 1.78 1.80 1.98 2.17

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share.

Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 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.

Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per 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.

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

Mar 26 1.2605 0.7894

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.

Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share.

Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share.

Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share.

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 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) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share.

Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit.

Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share.

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

52-week

C$ to Mex Peso 16.1749 C$ to Swiss Franc 0.7509 US to Mex Peso 20.2966 US to Swiss Franc 0.9422

C$ to SA Rand 11.6604 C$ to S. Korea Won 899.5519 US to SA Rand 14.6314 US to S. Korea Won 1129.0500

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

Change (%) 3.90 5.04 4.42 4.03 0.91 3.02 4.99 3.26 4.90 3.33 3.50 2.22 3.87 3.33 3.33 4.04 4.87

YTDChange (%) -15.09 -17.53 -18.63 -14.69 -18.50 -17.06 -15.28 -11.91 -14.55 -12.52 -16.96 -14.90 -7.67 -17.53 -17.53 -16.25 -16.61

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

Apr 01 18990.32 960.84 1133.01 295.36 262.11

Mar 31 18700.67 952.55 1117.15 284.70 262.11

Mar 30 18705.56 929.07 1118.86 280.62 257.08

Mar 29 18719.22 935.83 1119.87 289.75 265.90

Mar 28

High 19037.13 1113.64 1134.04 416.84 359.81

Low 12829.38 383.37 785.21 247.80 195.17

NEW 52-WEEK HIGHS AND LOWS MARCH 29 – APRIL 1, 2021 MER (%) 2.40 0.61 0.60 2.43 2.73 0.94 0.83 2.63 0.61 2.52 2.46 3.19 2.98 2.10 2.09 2.31 2.27

TotalAssets (M$) 52.14 194.69 74.90 56.02 540.47 5.15 29.95 987.91 68.22 28.19

430.44 2.16 318.96 122.16

79 New Highs Alcoa* Amarc Res Amarc Res* Antler Gold * Arianne Phosph Arianne Phosph* Arizona Metals Arizona Metals* Asante Gold* BCM Res BrightRock* Camino Min Camino Min* Canadian Prem* CanAlaska Uran CanAlaska Uran*

Canoe Mng Vent* Capella Min* Capstone Mng CAVU Mining Chalice Gold M* Cleveland-Clif* CONSOL Energy* Constantine Mt Constantine Mt* District Mines Dynasty Gold* Filo Mg Corp Filo Mg Corp * Five Star Diam Foran Mng Forsys Metals Fox River Res

Global Atomic Global Atomic* Gold Rush Cari* Golden Secret Gratomic* Graycliff Exp Group Eleven Intl Cons Uran Intl Cons Uran* Kermode Res Lake Forest Mi* Loncor Res* Lovitt Res Mascota Res* Northwest Cop* Nouveau Monde Pacific Silk*

Playfair Mng Playfair Mng* Prophecy Pot Quantum Batt Questex Gold Rackla Metals* Rainy Mtn Royl* Rockland Res Rusoro Mng Rusoro Mng* Scotch Creek Slave Lake Zn Solaris Res St. James Gold St. James Gold* Sun Summit Sun Summit*

Telson Res Telson Res * UC Res* United States S* Uranium Roylty Uranium Roylty* Vantex Res Wealth Mnrls Wealth Mnrls* Western U&V Western U&V* Yanzhou Coal*

20 New Lows African Gold Angold Res Black Tusk Res Boreal Metals*

Cerrado Gold* Contact Gold* E2Gold Inc Freeman Gold Inflection Res Integra Res* Kirkland Lake Monarch Min* NSJ Gold Quantum Batt Silver Dollar* Silverton Met Stevens Gold* Westhaven Vent* World Copper Xander Res*

Financial information provided by Fundata Canada Inc. ©Fundata Canada Inc. All rights reserved

Re-Publishing License moliveira@ northernminer.com or 416-510-6768

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.

Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share.

LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share.

Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share.

Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per 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

NORTH AMERICAN STOCK EXCHANGE INDICES

GLOBAL MINING NEWS · SINCE 1915

Contact:

WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 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 Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS

CANADIAN GOLD MUTUAL FUNDS FundName Apr 01 ($) BMO Prec Mtls Fd A 24.58 BMO ZGD 70.75 BMO ZJG 67.22 CIBC Prec Metal Fd A 14.38 Dyn Prec Metls Fd A 11.59 Harvest HGGG 27.15 Horizons HEP 29.85 IG MacGbPreMetCl A 15.09 iShares XGD 18.52 Mac Prec Met Cl A 71.57 NBI PrecMetFd Invt 18.65 NPT Go&PrMinFd A 53.00 NPT SilverEquCl A 9.93 RBC GblPreMetFd A 55.42 RBC GblPreMetFd Adv 55.80 Sentry Pre Met Fd A 50.84 TD Prec Mtl Fd Inv 46.71

Karora Resources Inc. (KRR.WT) - One 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 Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 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.

LEGEND A C L N O Q T V X *

– – – – – – – – – –

Australian Securities Exchange Canadian Stock Exchange London Stock Exchange New York Stock Exchange U.S. over-the-counter NASDAQ or U.S. OTC Toronto Stock Exchange TSX Venture Exchange NYSE American Denotes price in U.S.$

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

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

1 (metric) tonne = 1.1023 (short) tons 1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton = 0.03215 troy ounces per (metric) tonne 1 kilometre = 0.6214 miles 1 hectare = 2.47 acres

20

WWW.NORTHERNMINER.COM

APRIL 12—25, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MARCH 29–APRIL 1, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1844 Resources 1911 Gold* 1911 Gold 79 Resources 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraSilver Res* AbraSilver Res Academy Metals* Academy Metals Adamera Min* Adamera Min Adex Mining Advance Gold Adventus Adventus* Adyton Res AEX Gold Affinity Metal* African Gold African Gold* African Metals African Min* Aftermath Silv* Agnico Eagle* Agnico Eagle Aguila Amer Gd Aguila Amer Gd* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran 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* Altair Res Inc* Altair Res Inc Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls Altius Mnrls * 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 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 AMV Capital Anaconda Mng* Anaconda Mng Andean Prec 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* Angold Res Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antofagasta* Apollo Gold Apollo Gold* Appia Energy Appia Energy* Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archon Mineral* Archon Mineral ArcPacific Res ArcPacific Res* 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 Argentum Silvr* Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals

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

102 161 251 781 3 101 541 713 806 198 87 189 1156 0 2 3137 3030 0 5 249 1974 198 142 590 14 65 143 0 1090 278 12 52 1253 4872 2358 35 5 54 3208 11546 27221 9 31 894 636 3916 513 552 242 215 66 19 941 7045 244 158 459 242 109 2 82 442 1655 1216 2537 166 3 61 48 666 618 1328 33 69 7 419 148 245 49 178 54 14 20 1051 134 591 28639 1368 149 259 78 1065 145 565 484 72 4552 1604 1410 908 422 84 3466 1136 539 297 365 295 64 0 325 504 184 45 350 105 902 12 248 21 400 1 511 12 19083 0 573 8 25 71 10 4 100 5 1158 5 3703 507 4268 221 260 69 1462 0 50 516 180 400 15 6 621 381 198 24 90 3027 446 844 44 396 21 5 227 7 462 2931 1208 1735 194 140 557 1305

0.06 0.47 0.59 0.14 0.11 0.06 0.08 0.18 0.20 0.14 0.11 0.07 0.09 18.20 23.25 0.46 0.57 0.00 0.08 0.08 0.10 0.02 0.10 1.04 0.82 0.25 0.49 0.00 0.13 0.10 0.11 0.01 0.75 59.74 74.99 0.24 0.21 0.25 10.25 8.17 34.29 0.42 0.48 0.68 3.33 2.66 0.09 0.11 0.02 0.25 0.20 0.25 5.88 0.57 0.71 0.21 0.27 1.17 0.88 0.05 0.06 0.80 0.64 0.49 0.61 0.07 0.05 0.04 0.05 0.32 0.25 0.03 0.15 0.31 0.25 15.49 12.44 0.16 0.02 0.04 1.30 1.03 5.43 0.09 0.08 0.06 0.00 0.13 0.10 0.28 0.22 0.03 0.25 0.30 0.07 0.06 2.10 2.70 1.31 1.64 0.16 0.05 2.30 2.90 0.94 0.75 2.29 2.89 0.06 0.00 0.65 0.79 2.00 0.02 0.00 0.10 0.12 0.02 0.04 0.05 0.06 39.90 20.50 2.50 23.08 22.05 0.33 0.63 0.82 0.04 0.04 0.55 0.21 24.25 0.72 0.55 0.70 0.56 0.04 0.08 0.10 2.59 43.21 0.18 0.30 0.08 0.06 0.09 0.07 0.03 0.04 0.04 0.10 0.09 0.15 0.18 0.56 0.46 0.10 0.12 0.22 0.21 0.17 0.12 1.89 2.36 0.49 0.39 2.44 0.10 0.13 2.49

0.05 0.39 0.50 0.12 0.11 0.06 0.07 0.14 0.18 0.13 0.10 0.05 0.07 0.00 22.58 0.36 0.46 0.00 0.00 0.07 0.09 0.02 0.09 0.97 0.78 0.20 0.46 0.00 0.11 0.08 0.00 0.01 0.64 56.54 71.40 0.00 0.19 0.23 9.41 7.46 31.34 0.36 0.46 0.53 3.00 2.38 0.07 0.09 0.01 0.23 0.18 0.20 5.52 0.51 0.64 0.15 0.20 1.01 0.81 0.00 0.00 0.73 0.58 0.44 0.53 0.07 0.05 0.03 0.05 0.29 0.23 0.03 0.15 0.28 0.22 13.97 10.71 0.14 0.01 0.03 1.20 0.98 5.07 0.08 0.07 0.06 0.00 0.11 0.08 0.25 0.20 0.02 0.23 0.28 0.06 0.05 1.72 2.17 1.18 1.48 0.14 0.00 2.02 2.54 0.85 0.67 2.05 2.57 0.06 0.00 0.59 0.76 1.21 0.01 0.00 0.08 0.10 0.02 0.03 0.04 0.05 0.00 19.52 2.36 20.83 22.05 0.30 0.60 0.78 0.03 0.04 0.17 0.20 0.00 0.00 0.36 0.55 0.43 0.03 0.07 0.09 2.58 39.39 0.18 0.25 0.07 0.06 0.08 0.06 0.00 0.03 0.03 0.10 0.08 0.10 0.13 0.53 0.42 0.08 0.11 0.00 0.00 0.14 0.12 1.69 2.14 0.41 0.33 2.17 0.09 0.11 2.02

0.06 0.42 0.52 0.14 0.11 0.06 0.07 0.15 0.20 0.14 0.11 0.07 0.08 18.20 23.25 0.43 0.54 0.07 0.08 0.08 0.10 0.02 0.10 1.03 0.82 0.25 0.46 0.13 0.12 0.09 0.11 0.01 0.74 59.67 74.86 0.24 0.19 0.25 10.23 8.16 32.23 0.38 0.47 0.65 3.30 2.61 0.09 0.11 0.01 0.24 0.18 0.25 5.88 0.56 0.69 0.21 0.26 1.04 0.82 0.05 0.05 0.78 0.62 0.45 0.56 0.07 0.05 0.03 0.05 0.30 0.24 0.03 0.15 0.29 0.25 15.08 12.02 0.16 0.02 0.04 1.20 1.03 5.38 0.09 0.07 0.06 0.00 0.12 0.10 0.27 0.22 0.02 0.23 0.28 0.06 0.05 2.07 2.59 1.23 1.55 0.15 0.03 2.28 2.85 0.91 0.73 2.19 2.71 0.06 0.12 0.62 0.77 1.42 0.02 0.00 0.09 0.12 0.02 0.03 0.04 0.05 39.90 20.50 2.46 22.98 22.05 0.30 0.63 0.79 0.03 0.04 0.17 0.21 24.25 0.68 0.55 0.68 0.53 0.03 0.08 0.10 2.59 42.34 0.18 0.30 0.08 0.06 0.08 0.07 0.02 0.03 0.03 0.10 0.08 0.11 0.13 0.56 0.45 0.09 0.12 0.22 0.16 0.17 0.12 1.89 2.35 0.41 0.34 2.44 0.10 0.12 2.47

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

0.00 0.04 0.06 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.02 0.27 0.01 0.03 0.06 0.00 0.00 0.01 0.02 0.01 0.01 0.03 0.02 0.05 0.04 0.00 0.00 0.01 0.01 0.00 0.02 0.81 0.87 0.01 0.03 0.00 0.28 0.23 0.55 0.04 0.01 0.03 0.05 0.03 0.00 0.01 0.00 0.00 0.01 0.00 0.06 0.00 0.01 0.04 0.04 0.05 0.05 0.00 0.00 0.01 0.00 0.02 0.04 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.03 0.01 0.64 0.49 0.00 0.01 0.00 0.10 0.00 0.08 0.00 0.01 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.00 0.02 0.00 0.00 0.08 0.09 0.00 0.01 0.02 0.00 0.18 0.22 0.02 0.03 0.07 0.07 0.00 0.00 0.01 0.01 0.58 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.08 0.71 0.12 1.95 0.38 0.03 0.02 0.02 0.00 0.00 0.00 0.01 1.04 0.25 0.19 0.06 0.03 0.01 0.01 0.01 0.00 0.28 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.00 0.01 0.02 0.02 0.00 0.13 0.13 0.03 0.02 0.16 0.00 0.01 0.34

0.08 1.22 0.98 0.25 0.23 0.08 0.10 0.21 0.29 0.24 0.18 0.12 0.16 20.82 26.75 0.52 0.64 0.10 0.16 0.12 0.16 0.04 0.17 1.60 1.18 0.40 1.20 0.37 0.38 0.28 0.18 0.02 1.37 89.23 117.35 0.67 0.53 0.55 15.52 11.58 34.29 0.56 0.74 1.45 4.65 3.50 0.19 0.25 0.04 0.71 0.56 0.63 6.68 1.24 1.60 0.29 0.36 1.30 1.04 0.19 0.12 1.45 1.13 0.53 0.66 0.14 0.11 0.04 0.05 0.39 0.31 0.05 0.22 0.45 0.32 17.46 13.94 0.24 0.50 0.04 1.66 21.22 5.97 0.13 0.10 0.08 0.05 0.13 0.10 0.42 0.31 0.08 0.38 0.50 0.10 0.08 3.32 4.21 2.25 2.86 0.62 0.06 3.90 5.12 1.15 0.91 3.26 4.19 0.08 0.26 0.74 0.93 2.00 0.02 0.07 0.12 0.16 0.05 0.07 0.08 0.10 42.22 21.41 2.88 38.50 38.94 0.53 1.16 1.51 0.07 0.09 0.38 0.49 26.45 1.68 0.91 0.84 0.65 0.14 0.15 0.22 2.59 58.88 0.26 0.40 0.12 0.11 0.09 0.08 0.38 0.29 0.04 0.21 0.15 0.21 0.27 0.65 0.55 0.21 0.26 0.35 0.27 0.35 0.24 2.63 3.42 0.49 0.39 3.29 0.15 0.18 2.40

0.05 0.22 0.30 0.10 0.08 0.01 0.02 0.04 0.06 0.05 0.03 0.04 0.05 10.50 14.81 0.04 0.06 0.06 0.06 0.02 0.03 0.01 0.05 0.55 0.40 0.16 0.44 0.11 0.11 0.08 0.06 0.00 0.08 38.83 55.31 0.12 0.16 0.15 6.99 4.91 5.71 0.17 0.17 0.12 1.60 1.14 0.04 0.06 0.00 0.12 0.06 0.13 2.63 0.26 0.38 0.10 0.15 0.35 0.25 0.01 0.03 0.36 0.23 0.09 0.12 0.04 0.02 0.00 0.01 0.04 0.03 0.01 0.03 0.05 0.06 6.84 4.82 0.09 0.00 0.01 0.39 0.35 3.10 0.03 0.01 0.03 0.00 0.03 0.02 0.11 0.08 0.00 0.04 0.05 0.03 0.01 0.12 0.17 0.07 0.12 0.08 0.01 1.46 2.06 0.13 0.09 0.73 1.02 0.02 0.07 0.09 0.14 1.21 0.00 0.00 0.03 0.05 0.01 0.01 0.02 0.01 15.48 7.28 1.75 16.00 20.27 0.30 0.43 0.39 0.01 0.02 0.05 0.08 8.70 0.16 0.33 0.13 0.09 0.00 0.07 0.08 0.35 21.80 0.13 0.10 0.02 0.06 0.02 0.02 0.00 0.01 0.01 0.04 0.03 0.01 0.02 0.08 0.05 0.02 0.05 0.14 0.11 0.04 0.06 0.66 0.92 0.13 0.10 1.32 0.07 0.10 0.29

(100s) Stock

Exc Volume

Week Low

1.62 1.96 + 0.15 0.15 0.19 0.20 unch 0.00 0.60 0.00 0.37 unch 5.08 5.17 4.02 4.12 0.21 0.21 0.24 0.28 0.00 0.14 + 0.16 0.18 + 0.85 0.87 0.68 0.69 0.03 0.03 unch 0.02 0.02 unch 0.18 0.18 0.04 0.04 0.05 0.05 unch 0.17 0.17 0.13 0.14 0.03 0.03 5.20 5.25 unch 0.20 0.21 + 0.22 0.23 0.08 0.10 0.43 0.47 + 0.54 0.59 + 0.00 0.00 unch 0.04 0.04 unch 0.24 0.24 unch 0.19 0.19 unch 2.58 2.70 + 2.05 2.15 + 12.40 12.81 10.20 10.25 1.88 1.90 2.35 2.37 0.74 0.80 unch 0.58 0.64 0.20 0.24 + 0.18 0.18 unch 0.04 0.05 unch 0.04 0.04 + 0.78 0.81 0.61 0.65 0.07 0.09 + 0.13 0.14 + 0.52 0.56 + 0.00 0.07 0.01 0.02 0.13 0.14 unch 0.00 0.18 0.23 0.23 0.18 0.19 0.36 0.43 + 0.28 0.35 + 0.19 0.20 0.04 0.05 unch 0.00 0.14 0.16 0.17 unch 1.15 1.29 + 1.46 1.59 + 0.00 0.07 + 0.09 0.10 unch 0.05 0.06 unch 0.05 0.05 unch 0.05 0.05 unch 3.56 4.04 + 0.00 0.10 0.12 0.13 0.26 0.29 + 0.20 0.23 + 0.95 1.05 + 0.76 0.77 0.06 0.07 0.08 0.09 unch 0.27 0.30 + 0.21 0.24 + 0.00 0.00 + 0.11 0.13 + 0.09 0.09 -

Arizona Metals* Arizona Silver* Arizona Silver Armor Min Armor Min* Artemis Gold Artemis Gold* Asante Gold* Asante Gold 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* Augusta Gold Augusta Gold* 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 Goldfield* Aust Mines* Austral Gold* Austral Gold AUX Resources AUX Resources* Auxico Res Auxico Res* 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 O V V O V O O C O T T O V O V O V V O O T O V O O V O V V O T O T O O V V O V O V O V O V C O O O O V V O C O T O O V X T O V V V O O O V T O V O O V V O O V O

503 70 442 10 0 364 51 18 244 162 153 4042 910 550 10 3 71 285 541 533 5705 5 65 148 41 213 340 324 176 2 2 176 126 748 3 89 334 668 1087 641 40 9354 621 184 226 10 223 3 31 613 68 86 183 99 551 121 1703 2 0 308 4539 337 17 30 626 38 40 75 3 115 2458 972 80 42 481 2998 347 92 135 98 127

1.97 0.15 0.20 0.64 0.00 5.30 4.23 0.24 0.30 0.15 0.19 1.01 0.82 0.03 0.02 0.25 0.04 0.06 0.18 0.14 0.03 5.70 0.21 0.25 0.11 0.49 0.61 0.00 0.04 0.24 0.19 2.99 2.25 13.80 10.71 2.17 2.76 0.84 0.66 0.24 0.18 0.07 0.04 0.84 0.71 0.09 0.14 0.59 0.25 0.02 0.15 0.18 0.26 0.21 0.46 0.37 0.23 0.05 0.14 0.17 1.29 1.62 0.07 0.10 0.06 0.05 0.05 4.74 0.11 0.14 0.29 0.24 1.05 0.81 0.08 0.09 0.35 0.27 0.00 0.13 0.10

B2Gold Corp B2Gold Corp* Bald Eagle 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* Bathurst Met Battery Min Battle North* Battle North Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res Bear Creek Mng Bear Creek Mng* Bearing Lith* Bearing Lith Beauce Gold Bell Copper Bell Copper* Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benton Res Benton Res* Benz Mining Benz Mining* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Tusk Res* Black Tusk Res Blackrock Silv Blackrock Silv* 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* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals

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

15530 28749 624 29 720 537 4471 722 174 24 257 75 225 15195 59360 29 69 1193 110 89 439 75 200 1016 39 42 3196 684 605 0 506 278 148 48 57 30 164 26 40 279 894 1670 94 129 85 1028 420 143 285 94 1 216 672 1325 1079 85 388 2 19 52 64 3409 999 925 325 2670 633 805 63 533 414 199 466 1161 107 34 99 41 882 1285 129 137 28 5 99 3 36 8375 34 253 588

5.75 4.57 0.10 0.23 0.28 0.22 0.11 0.22 0.18 0.43 0.55 0.28 0.35 25.61 20.41 0.48 0.59 0.14 0.11 0.51 0.65 0.13 0.10 0.13 0.60 2.07 2.62 0.17 0.20 0.00 0.20 2.27 1.79 0.17 0.21 0.28 0.23 0.18 0.07 0.08 0.84 0.69 0.30 0.37 1.16 1.45 0.16 0.13 0.77 0.63 0.00 0.18 0.10 0.12 67.47 0.33 0.42 0.10 0.17 0.54 0.05 0.06 0.78 0.62 0.13 0.01 0.69 0.56 0.05 0.07 0.02 0.02 0.20 0.26 0.09 0.06 0.08 0.14 0.18 1.70 1.35 0.24 0.19 0.07 0.10 0.29 0.40 0.01 0.13 1.15 0.09

Last

12-month

High

Change

Exc Volume

Week

Stock

0.27 0.01 0.00 0.04 0.00 0.08 0.05 0.01 0.03 0.00 0.01 0.12 0.10 0.00 0.00 0.05 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.00 0.02 0.02 0.00 0.00 0.00 0.00 0.06 0.03 1.09 0.85 0.27 0.34 0.00 0.00 0.03 0.00 0.00 0.00 0.04 0.03 0.02 0.01 0.04 0.12 0.00 0.00 0.01 0.02 0.01 0.02 0.02 0.01 0.00 0.01 0.00 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.20 0.01 0.01 0.01 0.00 0.03 0.03 0.00 0.00 0.01 0.01 0.00 0.01 0.01

1.90 0.33 0.41 0.97 0.39 7.64 5.63 0.24 0.32 0.21 0.26 1.63 1.28 0.10 0.05 0.64 0.09 0.13 0.40 0.30 0.05 6.40 0.27 0.34 0.23 0.55 0.69 0.08 0.04 0.65 0.40 3.60 2.79 18.30 18.11 4.31 5.75 1.25 0.99 0.26 0.19 0.14 0.10 1.68 1.28 0.10 0.14 0.96 1.01 0.04 0.69 0.38 0.56 0.39 0.69 0.63 0.36 0.05 0.35 0.48 2.82 3.60 0.16 0.20 0.22 0.25 0.16 5.90 0.11 0.20 0.32 0.25 3.27 2.35 0.14 0.18 0.70 0.53 0.00 0.27 0.20

0.46 0.08 0.12 0.35 0.19 1.05 0.75 0.03 0.03 0.06 0.08 0.50 0.36 0.02 0.01 0.17 0.03 0.04 0.15 0.11 0.00 1.80 0.08 0.11 0.02 0.11 0.16 0.00 0.01 0.23 0.00 0.48 0.36 3.47 2.53 1.26 1.80 0.24 0.17 0.02 0.01 0.02 0.03 0.63 0.40 0.02 0.02 0.08 0.00 0.01 0.05 0.11 0.17 0.13 0.03 0.00 0.03 0.02 0.13 0.05 0.28 0.40 0.06 0.06 0.04 0.05 0.04 0.65 0.04 0.06 0.12 0.08 0.78 0.60 0.01 0.02 0.06 0.03 0.00 0.09 0.06

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

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

311 3387 29 30 59 32 483 232 27 51405 221 565 1414 144 827 1477 68 390 109 476 37 2405 9 4 4 61 389 40 211

0.07 0.00 0.07 0.08 0.10 0.08 0.10 0.08 0.28 0.02 0.15 0.19 0.11 0.01 0.28 0.22 0.23 0.02 0.11 0.15 0.07 10.36 0.03 0.00 0.10 0.12 0.37 0.27 0.04

0.12 0.06 0.01 0.03 0.02 0.02 0.00 0.02 0.01 0.00 0.02 0.01 0.02 0.47 0.37 0.03 0.00 0.01 0.01 0.02 0.04 0.03 0.00 0.00 0.10 0.00 0.03 0.00 0.00 0.00 0.01 0.02 0.06 0.00 0.00 0.02 0.01 0.01 0.00 0.01 0.08 0.05 0.01 0.00 0.02 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.02 0.01 0.00 0.02 0.00 0.04 0.07 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.02 0.00 0.00 0.00 0.00 0.02 0.03 0.00 0.00 0.01 0.01 0.01 0.08 0.04 0.01 0.01 0.00 0.01 0.04 0.02 0.00 0.01 0.01 0.01

9.99 7.55 0.16 0.44 0.71 1.12 0.14 0.39 0.90 0.55 0.70 0.31 0.42 41.09 31.22 0.58 0.75 0.24 0.21 1.15 1.19 0.16 0.13 0.26 0.90 2.11 2.63 0.19 0.24 0.09 0.20 4.17 3.04 0.25 0.34 0.44 0.45 0.32 0.07 0.11 1.44 1.10 0.42 0.57 1.23 1.64 0.30 0.22 1.40 1.10 0.10 0.26 0.19 0.25 70.80 0.39 0.49 0.19 0.26 0.75 0.08 0.10 1.61 1.22 0.27 0.05 1.45 1.15 0.07 0.08 0.03 0.02 0.23 0.29 0.16 0.12 0.15 0.26 0.40 2.43 1.84 1.05 0.65 0.11 0.16 0.53 0.70 0.04 0.43 1.62 0.14

4.26 3.01 0.09 0.03 0.08 0.06 0.02 0.04 0.03 0.14 0.21 0.08 0.03 23.63 18.26 0.22 0.29 0.03 0.02 0.23 0.15 0.06 0.03 0.03 0.51 0.41 0.63 0.03 0.05 0.03 0.03 1.13 0.71 0.06 0.08 0.09 0.04 0.02 0.06 0.03 0.36 0.23 0.16 0.13 0.16 0.24 0.07 0.05 0.07 0.05 0.03 0.04 0.02 0.03 51.97 0.04 0.06 0.02 0.04 0.35 0.03 0.04 0.11 0.07 0.02 0.00 0.43 0.27 0.01 0.01 0.01 0.00 0.05 0.08 0.04 0.04 0.06 0.12 0.12 1.25 0.92 0.08 0.16 0.03 0.03 0.06 0.09 0.00 0.11 0.79 0.04

C2C Gold* C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor Cache Explor* Cadillac Vent Cadillac Vent* Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap California Gld California Gld* Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One* Canada One Canada Rare* Canada Rare Canada Silver Canada Silver* Canadian Metal* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv Canagold Res Canagold Res* CanAlaska Uran CanAlaska Uran* Canamex Gold* 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 Min* Canterra Min Cantex Mn Dev* Cantex Mn Dev Canuc Res* Canuc Res Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res Cardero Res* Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining 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 Cerrado Gold* Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande 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 Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Mnls Cleveland-Clif* 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

O 212 O 30 V 620 O 92 V 622 V 6068 O 4110 V 100 O 0 X 358 T 2094 O 241 V 242 C 160 O 26 O 71 V 27 N 28367 T 5230 V 1236 O 263 O 12 V 335 O 18 V 752 O 261 O 1 V 213 O 762 V 8990 V 729 O 608 O 20 C 57 O 1 V 51 V 141 T 101 O 129 V 1759 O 502 O 20 V 415 O 4 V 607 T 280 O 196 V 154 O 3 V 58 V 60 O 0 V 63 O 5 O 136 V 249 O 42 V 34 O 16 V 96 O 209 V 340 O 52 V 677 V 103 O 12 T 4494 V 59 O 4 V 13 V 324 O 51 C 1608 C 218 O 304 V 489 V 4 O 1 C 217 V 200 V 223 V 81 C 1365 O 117 C 12 O 0 C 1 O 444 C 782 O 2141 T 123 O 8 T 2529 V 225 O 3 V 84 O 82 O 154 T 59 O 84 V 1028 O 17 C 343 O 210 C 31 V 1055 V 358 O 271 O 54 O 40 V 9 O 129 T 1312 V 14 O 2 O 42 V 80 N 31265 V 56 O 26 V 1097 O 35 T 277 O 194 C 334 C 78 V 1406 O 9 V 48 N 143434 O 39 V 3 O 318 V 729 C 674 O 167 V 191 N 12852 O 162 V 487 O 7 V 425 V 218

0.11 0.15 0.18 0.49 0.61 0.19 0.15 0.04 0.00 15.10 1.75 1.39 0.21 0.12 0.10 2.94 3.60 17.53 22.05 0.30 0.22 0.02 0.21 0.17 3.37 2.66 0.08 0.09 0.10 0.13 0.46 0.37 0.14 0.23 0.26 0.30 0.08 0.49 0.40 0.78 0.62 0.01 0.13 0.50 0.68 0.20 0.04 0.07 0.10 0.12 0.27 0.00 0.15 0.14 0.20 0.25 0.29 0.38 0.77 0.95 0.21 0.27 0.09 0.11 0.24 0.19 4.25 0.07 0.06 0.08 0.06 0.09 0.03 0.15 0.26 0.33 0.17 0.11 0.10 0.04 0.46 0.02 0.08 0.06 0.70 0.10 0.14 0.12 0.16 0.05 1.86 0.04 11.64 0.24 0.17 0.07 0.05 0.18 0.22 0.91 1.15 0.28 0.35 0.03 0.04 0.25 0.53 0.42 4.15 0.08 0.11 4.18 5.27 0.17 0.11 3.26 4.12 107.53 0.16 0.13 0.28 0.22 3.67 1.28 1.60 0.81 0.43 0.19 0.14 20.34 0.28 0.05 0.16 0.19 0.50 0.09 0.11 9.43 0.10 0.12 0.19 0.20 0.75

B 5.25 5.63 4.16 4.50 0.09 0.10 0.20 0.23 + 0.23 0.26 + 0.18 0.21 + 0.09 0.10 0.18 0.22 + 0.10 0.17 + 0.40 0.42 0.49 0.51 0.26 0.27 + 0.32 0.35 + 24.52 25.57 + 19.44 20.37 + 0.00 0.45 0.57 0.58 unch 0.12 0.14 + 0.10 0.11 + 0.47 0.48 0.58 0.60 0.00 0.12 0.10 0.10 unch 0.13 0.13 unch 0.55 0.58 2.05 2.07 2.59 2.59 0.14 0.16 + 0.18 0.19 unch 0.00 0.09 unch 0.15 0.16 2.09 2.23 + 1.64 1.78 + 0.15 0.16 0.19 0.20 unch 0.25 0.28 + 0.20 0.20 0.15 0.15 0.07 0.07 unch 0.07 0.08 0.75 0.84 + 0.59 0.66 + 0.28 0.30 + 0.35 0.35 unch 0.97 1.10 + 1.22 1.36 unch 0.15 0.16 0.12 0.12 0.70 0.75 0.52 0.60 unch 0.00 0.07 unch 0.18 0.18 unch 0.07 0.08 0.10 0.10 65.96 66.70 + 0.32 0.33 0.41 0.42 + 0.10 0.10 unch 0.13 0.17 + 0.52 0.52 0.04 0.04 0.04 0.05 0.68 0.77 0.54 0.61 0.11 0.12 0.01 0.01 + 0.63 0.64 0.50 0.51 0.00 0.05 + 0.06 0.06 unch 0.02 0.02 unch 0.01 0.01 + 0.16 0.20 + 0.21 0.25 + 0.08 0.09 unch 0.06 0.06 unch 0.08 0.08 0.13 0.14 + 0.15 0.18 + 1.55 1.67 + 1.21 1.33 + 0.22 0.23 0.18 0.18 + 0.00 0.07 + 0.09 0.10 + 0.28 0.29 0.00 0.37 + 0.01 0.01 0.12 0.12 1.02 1.15 + 0.08 0.08 -

(100s)

High Low

High

Low

Last

12-month Change

0.06 0.06 0.00 0.00 + 0.05 0.05 0.07 0.07 unch 0.00 0.10 + 0.08 0.08 0.09 0.09 unch 0.07 0.08 + 0.14 0.15 0.02 0.02 + 0.13 0.14 0.17 0.18 unch 0.05 0.11 + 0.00 0.01 0.23 0.24 0.18 0.19 0.19 0.22 + 0.01 0.01 + 0.10 0.11 + 0.13 0.13 0.06 0.06 9.93 10.21 0.02 0.02 unch 0.00 0.02 unch 0.00 0.10 + 0.11 0.11 0.32 0.35 + 0.21 0.27 + 0.04 0.04 +

Stock

0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.13 0.00 0.01 0.00 0.05 0.00 0.04 0.03 0.02 0.00 0.00 0.01 0.01 0.05 0.00 0.00 0.00 0.01 0.01 0.03 0.01

0.10 0.01 0.08 0.09 0.25 0.19 0.17 0.13 0.55 0.10 0.45 0.62 0.07 0.03 0.57 0.42 0.28 0.06 1.00 0.43 0.14 14.32 0.04 0.03 0.19 0.28 1.01 0.60 0.06

0.06 0.00 0.01 0.01 0.06 0.05 0.05 0.03 0.05 0.00 0.07 0.05 0.01 0.00 0.11 0.07 0.07 0.01 0.00 0.11 0.06 6.68 0.01 0.00 0.01 0.04 0.10 0.00 0.02

0.00 0.01 0.00 0.06 0.05 0.00 0.00 0.00 0.00 0.49 0.20 0.18 0.00 0.02 0.02 0.01 0.02 0.60 0.60 0.07 0.05 0.00 0.01 0.02 0.13 0.10 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.02 0.01 0.02 0.20 0.15 0.00 0.00 0.13 0.12 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.14 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.29 0.01 0.01 0.02 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.04 0.01 0.00 0.00 0.07 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.29 0.01 0.01 0.01 0.01 0.00 0.01 0.10 0.09 0.00 0.02 0.00 0.00 0.00 0.02 0.01 0.31 0.00 0.02 0.20 0.22 0.00 0.00 0.16 0.10 1.73 0.00 0.00 0.04 0.01 0.31 0.15 0.16 0.07 0.07 0.01 0.00 2.85 0.00 0.00 0.00 0.01 0.02 0.00 0.01 0.17 0.02 0.02 0.05 0.02 0.01

0.17 0.15 0.19 0.70 0.88 0.33 2.08 0.06 0.04 29.39 2.80 2.40 0.21 0.30 0.23 5.26 6.50 19.71 24.57 0.30 0.22 0.10 0.37 0.26 4.54 3.68 0.08 0.10 0.18 0.22 0.77 0.60 0.27 0.45 0.26 0.48 0.16 0.95 0.78 0.78 0.61 0.07 0.26 0.52 0.68 0.27 0.08 0.11 0.25 0.33 0.31 0.22 0.30 0.14 0.29 0.40 0.37 0.48 1.29 1.76 0.32 0.40 0.09 0.12 0.50 2.00 4.21 0.10 0.08 0.10 0.07 0.33 0.10 0.19 0.31 0.37 0.19 0.15 0.20 0.06 1.20 0.03 0.10 0.08 0.70 0.35 0.55 0.16 0.18 0.15 4.04 0.10 19.59 0.43 0.34 0.25 0.15 0.25 0.33 0.96 1.25 0.35 0.49 0.05 0.06 0.62 0.80 0.61 4.00 0.16 0.27 4.90 6.20 0.32 0.18 5.75 7.61 112.70 0.19 0.14 0.55 0.40 4.08 1.48 1.70 1.11 0.49 0.31 0.15 20.34 0.35 0.07 0.21 0.27 0.82 0.14 0.17 12.60 0.10 0.12 0.35 0.44 0.94

0.03 0.03 0.04 0.06 0.08 0.04 0.00 0.02 0.01 8.00 0.59 0.35 0.20 0.10 0.08 0.25 0.37 7.20 10.28 0.08 0.07 0.00 0.12 0.11 0.39 0.67 0.01 0.02 0.02 0.04 0.30 0.22 0.05 0.06 0.12 0.12 0.05 0.04 0.31 0.13 0.10 0.01 0.05 0.03 0.07 0.02 0.01 0.01 0.08 0.11 0.05 0.04 0.13 0.00 0.00 0.02 0.12 0.10 0.34 0.49 0.04 0.05 0.02 0.02 0.21 0.11 0.41 0.02 0.01 0.04 0.01 0.00 0.01 0.03 0.06 0.09 0.03 0.03 0.09 0.01 0.28 0.01 0.01 0.05 0.20 0.07 0.09 0.05 0.07 0.01 1.77 0.01 8.23 0.05 0.02 0.01 0.00 0.05 0.06 0.79 0.93 0.21 0.24 0.00 0.01 0.06 0.11 0.07 0.30 0.07 0.08 0.93 1.26 0.06 0.04 1.44 2.10 65.16 0.07 0.07 0.03 0.01 0.45 0.68 0.22 0.50 0.27 0.06 0.04 3.30 0.07 0.01 0.02 0.03 0.08 0.02 0.04 2.60 0.03 0.04 0.05 0.11 0.22

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 Conquest Res Conquest Res * Cons Woodjam 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 One * Copperbank Res Copperbank Res* 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 Cresval Cap Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt CTGX Mining* Currie Rose Rs* Currie Rose Rs CWN M’g Acq Cyon Explor* Cyon Explor Cypress Dev* Cypress Dev

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

Dajin Lithium* Dajin Res Dakota Ter Res* Damara Gold Damara Gold* Danakali* Decade Res Decade Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr* Defiance Silvr Delrand Res Denarius Silv 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* 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* DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc 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 Eco Oro Mnls* Eco Oro Mnls Edgemont Gold Edgewater Expl Edgewater Expl* Edison Cobalt* Edison Cobalt El Capitan Prc* 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* Eminent Gold Eminent Gold* EMX Royalty* EMX Royalty Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng Endeavour Mng* Endeavr Silver* Endeavr Silver

C 0.10 0.13 0.16 0.42 0.53 0.16 0.12 0.04 0.00 13.24 1.51 1.20 0.16 0.00 0.08 2.64 3.33 15.59 19.66 0.19 0.15 0.02 0.18 0.14 3.01 2.39 0.08 0.08 0.06 0.08 0.41 0.33 0.14 0.18 0.26 0.26 0.08 0.46 0.37 0.52 0.40 0.01 0.00 0.00 0.47 0.18 0.04 0.05 0.00 0.00 0.00 0.00 0.15 0.14 0.17 0.22 0.00 0.35 0.75 0.81 0.18 0.22 0.08 0.09 0.22 0.17 3.78 0.06 0.04 0.07 0.06 0.08 0.03 0.13 0.23 0.29 0.17 0.11 0.09 0.04 0.40 0.00 0.07 0.05 0.70 0.10 0.00 0.11 0.13 0.03 1.78 0.00 10.75 0.20 0.00 0.06 0.03 0.17 0.19 0.79 0.93 0.25 0.32 0.03 0.04 0.21 0.50 0.38 3.86 0.08 0.00 3.91 4.70 0.16 0.11 3.06 3.85 104.21 0.16 0.13 0.25 0.20 3.21 1.10 1.39 0.72 0.37 0.18 0.14 16.01 0.24 0.05 0.13 0.16 0.46 0.08 0.10 8.53 0.08 0.10 0.00 0.19 0.65

0.11 0.13 0.17 0.42 0.54 0.16 0.13 0.04 0.03 14.85 1.73 1.39 0.20 0.10 0.08 2.66 3.35 17.25 21.61 0.27 0.21 0.02 0.20 0.16 3.27 2.60 0.08 0.09 0.07 0.09 0.44 0.35 0.14 0.22 0.26 0.26 0.08 0.46 0.37 0.74 0.59 0.01 0.12 0.50 0.59 0.20 0.04 0.05 0.10 0.11 0.23 0.20 0.15 0.14 0.18 0.23 0.29 0.36 0.75 0.90 0.20 0.26 0.09 0.11 0.23 0.19 4.15 0.06 0.06 0.07 0.06 0.08 0.03 0.15 0.26 0.32 0.17 0.11 0.09 0.04 0.46 0.02 0.07 0.06 0.70 0.10 0.14 0.11 0.14 0.03 1.81 0.04 11.38 0.21 0.17 0.07 0.04 0.17 0.21 0.85 1.05 0.26 0.35 0.03 0.04 0.24 0.53 0.42 4.09 0.08 0.11 4.18 5.25 0.17 0.11 3.06 3.95 105.75 0.16 0.13 0.25 0.20 3.64 1.27 1.60 0.75 0.41 0.18 0.14 19.42 0.26 0.05 0.15 0.18 0.48 0.09 0.11 9.38 0.10 0.12 0.15 0.20 0.71

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

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

325 39 92 12 35 52 3584 83 5 0 4 39 154 77 475 826 42 155 1037 11193 46 238 129 710 7 71 68 71 797 3284 373 378 298 711 3 22 68 49 6 137 27 376 510 471 357 127 193 276 122 403 39 110 463 36 186 266 0 7 38 100 98 228 933 1482

0.21 0.16 0.40 0.32 0.16 0.20 4.98 0.10 0.07 0.70 0.94 0.20 0.23 0.90 1.13 0.20 0.16 0.14 10.04 15.89 0.25 0.35 0.08 0.11 0.01 0.56 0.39 0.31 0.06 3.13 2.63 0.21 0.61 0.49 1.01 1.37 0.13 3.90 2.98 0.49 0.36 0.18 1.90 2.38 0.13 0.10 0.82 0.05 1.12 1.40 0.16 0.20 0.23 0.18 0.09 0.11 0.00 0.03 0.05 0.07 0.15 0.19 0.88 1.12

+ 0.19 0.20 0.15 0.16 unch 0.37 0.38 unch + 0.29 0.31 0.14 0.15 0.19 0.19 + 4.26 4.96 0.08 0.09 0.07 0.07 0.70 0.70 unch + 0.93 0.94 0.17 0.17 + 0.21 0.23 0.70 0.79 0.87 1.00 + 0.17 0.20 + 0.13 0.15 0.14 0.14 unch 9.07 9.55 14.36 15.34 + 0.00 0.25 + 0.00 0.28 0.00 0.08 0.10 0.10 0.01 0.01 unch 0.48 0.50 0.35 0.37 unch + 0.27 0.31 + 0.05 0.06 + 2.82 3.04 + 2.23 2.43 + 0.14 0.18 0.56 0.60 unch + 0.45 0.48 0.00 0.98 1.20 1.24 0.12 0.12 3.46 3.54 + 2.75 2.87 + 0.37 0.42 + 0.30 0.36 + 0.15 0.18 + 1.72 1.89 + 2.17 2.37 0.10 0.11 0.09 0.09 0.69 0.76 0.04 0.05 1.02 1.04 1.30 1.30 0.16 0.16 0.19 0.20 + 0.21 0.22 + 0.16 0.18 + 0.07 0.09 0.10 0.10 0.00 0.03 unch 0.03 0.03 unch 0.00 0.05 unch 0.07 0.07 unch 0.14 0.14 0.16 0.17 0.75 0.83 0.95 1.05

112 O 124 V 95 O 2265 V 211 O 14 O 347 V 38 O 1123 V 485 C 450 O 632 V 975 O 1251 V 31 V 3282 V 7399 T X 80189 63 O 253 V V 546 6 O 538 V 138 O 351 O 1195 O 622 V 155 V 19 O 1358 V 966 O 1988 V O 476414 0 V 186 O 764 V 693 V 97 O 75 V 4 O 39 V O 12 31 O 613 O 635 V 87 V 3674 V 1281 O 994 N 1605 T 50 O 235 V 5 O 120 V 68 T 41 O 0 O 4 O 177 V 62 O 550 V 463 V 344 O 898 C 42 V 4 O 75 V 688 V 11 O 0 V 53 O 83 T 6 O 32 V 6 O 91 C 255 C 52 V 3 O 4 O 1113 V 5477 O 58 V 731 V 193 O 8647 N 2430 T 382 V 185 O 760 V 549 O 11 V 8 O 137 V 181 O 533 V 62 O 298 V 52 O 626 X 109 V 12 O 39 V 2343 V 3951 T 204 O N 13764 1940 T

0.10 0.11 0.53 0.13 0.10 0.42 0.07 0.06 0.24 0.05 0.36 0.45 0.52 0.66 0.11 0.61 1.50 1.20 0.12 0.17 3.00 0.04 0.12 0.09 0.00 0.35 0.44 0.07 0.06 0.08 1.89 2.38 0.01 0.00 0.02 0.03 0.48 0.35 0.23 0.01 0.26 0.01 0.25 0.56 0.70 1.00 0.62 0.50 9.83 8.11 0.06 0.08 0.11 0.12 2.19 1.72 1.12 0.99 0.25 0.19 0.14 2.96 2.36 0.50 0.21 0.16 0.18 0.35 0.24 0.00 0.31 0.39 0.07 0.08 0.05 0.06 0.27 0.25 0.20 0.14 0.21 0.01 0.05 0.15 0.11 11.47 14.40 4.13 3.29 0.95 0.75 0.55 0.44 0.29 0.21 0.07 0.05 0.72 0.60 3.10 3.89 0.07 0.08 1.34 26.75 21.29 5.22 6.55

High Low

0.01 0.00 0.00 0.02 0.01 0.02 0.13 0.02 0.00 0.00 0.04 0.02 0.01 0.12 0.15 0.02 0.01 0.00 0.38 0.28 0.08 0.05 0.01 0.01 0.00 0.05 0.00 0.01 0.01 0.07 0.07 0.00 0.00 0.00 0.12 0.13 0.01 0.06 0.02 0.02 0.04 0.03 0.01 0.03 0.02 0.01 0.05 0.01 0.06 0.08 0.00 0.01 0.01 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.03

0.23 0.18 0.50 0.39 0.23 0.32 9.85 0.14 0.17 2.59 1.40 0.50 0.44 2.06 2.78 0.36 0.26 0.30 12.50 15.89 0.24 0.27 1.00 0.28 0.05 0.60 0.47 0.37 0.07 3.57 3.00 0.69 0.82 0.65 1.70 2.21 0.20 6.53 5.00 0.51 0.40 0.35 3.29 4.26 0.22 0.12 2.53 0.16 1.28 1.63 1.22 0.50 0.36 0.29 0.14 0.18 0.20 0.04 0.06 0.21 0.17 0.38 2.00 2.45

0.06 0.04 0.11 0.08 0.14 0.17 0.35 0.05 0.01 0.03 0.37 0.00 0.04 0.17 0.24 0.05 0.10 0.02 3.35 5.03 0.09 0.12 0.00 0.10 0.01 0.09 0.06 0.04 0.01 0.33 0.23 0.01 0.12 0.12 0.64 0.94 0.07 1.66 1.25 0.13 0.09 0.12 0.86 1.31 0.04 0.07 0.29 0.02 0.16 0.21 0.01 0.17 0.03 0.01 0.01 0.03 0.00 0.02 0.02 0.03 0.12 0.15 0.11 0.16

0.01 0.01 0.00 0.01 0.02 0.03 0.01 0.00 0.03 0.01 0.04 0.04 0.06 0.06 0.01 0.06 0.12 0.10 0.00 0.01 0.17 0.00 0.01 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.10 0.21 0.00 0.00 0.00 0.00 0.04 0.01 0.04 0.00 0.03 0.00 0.01 0.03 0.04 0.02 0.18 0.15 0.40 0.31 0.00 0.00 0.00 0.00 0.05 0.02 0.00 0.09 0.01 0.01 0.03 0.30 0.29 0.11 0.01 0.02 0.01 0.04 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.04 0.04 0.01 0.00 0.02 0.00 0.01 0.02 0.01 0.41 0.50 0.17 0.19 0.00 0.00 0.01 0.02 0.06 0.01 0.00 0.00 0.02 0.00 0.09 0.10 0.01 0.01 0.09 1.78 1.49 0.08 0.09

0.16 0.20 0.96 0.20 0.16 0.47 0.14 0.10 0.30 0.09 0.59 0.75 0.83 1.05 0.33 0.69 2.29 1.81 0.26 0.35 3.15 0.05 0.16 0.12 0.01 1.00 1.25 0.24 0.13 0.16 2.18 2.84 0.01 0.12 0.04 0.05 0.59 0.47 0.34 0.02 0.41 0.09 0.51 0.91 1.17 1.33 0.62 0.50 18.05 10.73 0.13 0.18 0.14 0.20 2.62 1.98 3.00 1.10 0.35 0.18 0.24 5.37 4.22 0.95 0.38 0.28 0.19 0.58 0.39 0.15 0.43 0.57 0.07 0.09 0.07 0.10 0.31 0.27 0.20 0.19 0.25 0.02 0.07 0.19 0.16 14.49 18.90 5.88 4.65 2.09 1.54 0.69 0.55 0.40 0.33 0.16 0.12 0.99 0.68 3.81 4.83 0.10 0.12 1.45 39.21 30.33 6.91 8.63

0.01 0.02 0.10 0.02 0.01 0.20 0.02 0.00 0.03 0.01 0.03 0.10 0.06 0.09 0.07 0.46 0.31 0.22 0.06 0.08 0.16 0.01 0.06 0.05 0.00 0.06 0.09 0.06 0.02 0.04 0.21 0.32 0.00 0.06 0.00 0.01 0.13 0.09 0.12 0.00 0.09 0.00 0.03 0.15 0.21 0.45 0.06 0.04 4.88 4.21 0.03 0.04 0.03 0.05 1.22 0.88 1.00 0.35 0.04 0.03 0.11 0.23 0.18 0.02 0.02 0.02 0.09 0.09 0.07 0.09 0.14 0.21 0.02 0.03 0.03 0.04 0.10 0.04 0.02 0.12 0.02 0.00 0.02 0.02 0.01 6.04 8.55 0.22 0.17 0.66 0.46 0.29 0.20 0.03 0.05 0.04 0.03 0.15 0.47 1.29 1.84 0.01 0.02 0.13 19.83 13.67 1.18 1.68

D-F 0.07 0.00 0.48 0.11 0.08 0.39 0.06 0.05 0.20 0.00 0.31 0.39 0.41 0.51 0.10 0.55 1.28 1.02 0.12 0.16 2.63 0.04 0.11 0.08 0.00 0.28 0.36 0.06 0.05 0.07 1.62 2.05 0.00 0.00 0.02 0.03 0.40 0.32 0.00 0.01 0.00 0.00 0.10 0.48 0.61 0.94 0.35 0.28 9.03 7.37 0.06 0.08 0.08 0.12 2.03 1.61 1.12 0.60 0.17 0.13 0.11 2.55 2.00 0.34 0.00 0.15 0.17 0.26 0.23 0.00 0.29 0.36 0.06 0.00 0.04 0.00 0.20 0.21 0.19 0.13 0.16 0.01 0.04 0.11 0.09 10.31 13.03 3.52 2.82 0.85 0.67 0.00 0.43 0.24 0.18 0.06 0.05 0.72 0.60 2.82 3.53 0.05 0.07 1.02 24.03 19.04 4.64 5.87

+ 0.08 + 0.11 0.52 unch + 0.12 + 0.10 + 0.39 0.06 + 0.06 0.21 0.05 0.32 0.40 + 0.50 + 0.63 0.10 + 0.57 + 1.48 + 1.18 0.12 0.16 + 2.91 0.04 unch 0.11 0.08 + 0.00 + 0.31 + 0.37 + 0.07 0.06 + 0.08 + 1.79 + 2.33 0.01 0.09 unch 0.02 0.03 unch + 0.46 0.33 0.18 0.01 0.23 0.01 unch 0.25 + 0.55 + 0.69 + 1.00 0.37 0.30 + 9.76 + 8.04 0.06 0.08 unch 0.08 unch 0.12 unch 2.10 1.70 1.12 unch + 0.99 + 0.23 + 0.19 0.12 + 2.85 + 2.28 0.35 0.20 0.16 + 0.18 + 0.33 0.24 0.15 unch + 0.30 + 0.38 0.06 + 0.08 0.05 0.05 0.21 0.21 0.19 0.14 + 0.19 + 0.01 0.04 0.11 0.09 + 11.32 + 14.23 + 3.95 + 3.17 0.93 unch 0.74 unch + 0.55 0.44 + 0.29 + 0.21 0.06 unch 0.05 0.72 0.60 unch + 3.07 + 3.85 + 0.07 + 0.08 1.16 + 26.63 + 21.26 + 5.20 + 6.53

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

THE NORTHERN MINER / APRIL 12—25, 2021

Week High

Low

Last

0.22 0.29 0.17 0.13 6.65 5.25 0.07 0.05 0.03 0.02 0.58 0.72 7.72 9.76 0.09 0.06 0.20 0.16 0.27 0.35 0.07 0.09 21.35 0.00 0.06 0.00 0.00 2.05 1.65 0.18 0.14 0.18 0.24 0.00 0.61 0.24 0.30 0.06 0.07 0.00 0.00 0.20 0.02 0.26 0.20 0.08 0.09 0.00 0.05 0.32 3.52 2.77 0.59 0.74 0.10 9.50 8.20 0.16 0.13 0.30 0.41 0.34 0.08 0.06 0.10 0.15 0.12 0.30 0.23 0.11 0.00 2.25 2.83 0.08 0.82 1.03 0.11 0.02 0.00 0.17 0.13 0.17 0.73 0.56 0.36 0.28 0.33 0.27 0.07 14.46 18.27 0.27 0.34 0.53 23.53 0.40 0.31 0.09 0.07 0.41 0.50 0.06 0.05 0.14 0.13 0.06 0.19 0.16 0.12 0.24 0.15 1.09 0.67 0.23 15.02 7.45 5.89 0.90 0.00 0.12 0.16 0.36 0.28 1.11 0.43 0.26 0.20 0.67 122.53 154.40 0.02 0.66 0.36 0.30 31.38 0.16 0.05 11.80 0.98 0.03 0.00 1.14 1.45 0.09 0.12

0.23 0.29 0.20 0.15 7.52 5.98 0.07 0.05 0.03 0.03 0.59 0.75 8.37 10.49 0.10 0.06 0.23 0.19 0.29 0.38 0.07 0.09 21.98 17.44 0.08 0.09 0.09 2.23 1.79 0.19 0.15 0.19 0.27 0.33 0.65 0.26 0.32 0.06 0.07 0.17 0.20 0.20 0.02 0.30 0.25 0.08 0.12 0.08 0.05 0.36 3.63 2.93 0.61 0.76 0.10 9.75 8.20 0.17 0.14 0.33 0.44 0.36 0.08 0.07 0.11 0.17 0.13 0.31 0.24 0.12 0.06 2.65 3.37 0.08 0.93 1.17 0.13 0.36 0.40 0.19 0.15 0.17 0.79 0.60 0.38 0.30 0.34 0.27 0.07 16.43 20.60 0.30 0.37 0.54 24.97 0.42 0.32 0.11 0.08 0.43 0.55 0.07 0.05 0.14 0.18 0.06 0.19 0.16 0.13 0.24 0.16 1.17 0.87 0.23 15.59 8.47 6.75 0.90 0.75 0.14 0.18 0.38 0.30 1.34 0.46 0.32 0.24 0.68 129.91 163.00 0.02 0.74 0.38 0.30 33.76 0.17 0.05 12.59 1.02 0.03 0.06 1.22 1.54 0.11 0.13

Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engineer Gold* Engold Mines Engold Mines* 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* 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 Explorex Res Explorex Res* Fabled Silver Fabled Silver* 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 Fiore Gold* Fire River Gol* Fire River Gol FireFox Gold FireFox Gold* Firestone Vent Fireweed Zinc Fireweed Zinc* First Cobalt First Cobalt * First Energy First Energy* First Idaho 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* Focus Minerals* 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 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 Full Metal Mnl* Fury Gold* Fury Gold Fuse Cobalt* Fuse Cobalt

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

141 90 1181 943 2524 16060 1080 38 1355 33 46 238 5164 2768 199 14 328 151 133 893 76 5055 752 16 12 342 342 592 306 102 135 146 134 83 256 174 963 3 83 10 8 1 5067 370 10 2 852 123 22 560 183 90 216 281 83 9 16 1895 546 3093 483 97 474 36 923 1693 453 294 338 542 0 101 1543 134 289 424 485 2 4 420 185 2 150 49 3232 1808 226 19 4 14617 2948 1624 2799 251 9319 122 108 1859 134 2491 6101 1190 1 0 167 374 2 1827 433 8 730 1107 2378 16 55 2382 14418 34 1 640 1234 477 411 437 12 140 56 492 2882 1873 660 861 525 148 68967 150 1741 53 633 52 0 1016 746 387 839

0.23 0.30 0.20 0.16 7.79 6.20 0.07 0.05 0.04 0.04 0.60 0.75 8.37 10.50 0.10 0.08 0.24 0.19 0.30 0.39 0.12 0.18 22.18 17.49 0.08 0.09 0.09 2.29 1.83 0.19 0.15 0.19 0.27 0.34 0.67 0.26 0.33 0.07 0.09 0.18 0.22 0.20 0.02 0.33 0.25 0.09 0.12 0.10 0.06 0.36 3.96 3.09 0.63 0.79 0.11 10.40 8.22 0.19 0.16 0.47 0.46 0.37 0.09 0.07 0.11 0.18 0.13 0.33 0.28 0.13 0.00 2.66 3.37 0.08 0.95 1.19 0.15 0.36 0.40 0.19 0.16 0.17 0.79 0.62 0.38 0.31 0.37 0.29 0.07 16.46 20.65 0.30 0.37 0.58 25.01 0.42 0.35 0.11 0.09 0.50 0.60 0.07 0.05 0.14 0.18 0.06 0.19 0.17 0.15 0.24 0.18 1.28 0.94 0.23 15.89 8.51 6.79 1.02 0.78 0.15 0.18 0.40 0.32 1.38 0.46 0.34 0.24 0.71 129.95 163.09 0.03 0.76 0.43 0.34 33.97 0.17 0.06 12.72 1.07 0.03 0.00 1.26 1.58 0.11 0.13

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Gaia Metals* Gaia Metals 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* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls* Genesis Mtls

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

4 143 21 139 51 93 431 288 1 27 283 3243 317 1364 333 29 259 224 262 56 350 114 337 338 57 52 1877 25 914 216 3 306 16 501

0.36 0.43 0.22 0.29 0.08 0.10 0.23 0.18 0.28 0.31 1.47 1.18 0.08 0.09 0.03 0.17 0.22 0.81 1.01 0.19 0.25 0.35 0.43 0.46 0.35 14.70 11.60 0.40 0.89 0.70 0.33 0.44 0.15 0.20

12-month Change

(100s)

High Low

Stock

Genius Metals Gensource Pot Gentor Res* Geomega Res* Geomega Res Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GGL Res* 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 Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt Go Cobalt* GobiMin GoGold Res Golcap Res Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve Gold Reserve* Gold Resource* Gold Rush Cari Gold Rush Cari* Gold Std Vents Gold Std Vents* Gold X Mining Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbelt Emp Goldblock Cap Goldcliff Res* Goldcliff Res Golden Arrow* Golden Arrow Golden Band* Golden Birch Golden Dawn Ml* Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star* Golden Star Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg Goldhills Hldg* GoldMining GoldON Res GoldON Res* GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldsource Min* Goldsource Min Goldstar Mnls 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 One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther Great Panther* Great Thunder* Green Battery Green River Green River* Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Greenshield Ex 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 * Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl Gunpoint Expl* Guyana Goldstr*

+ unch + + unch 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 0.01 0.00 0.16 0.12 0.00 0.00 0.01 0.01 0.03 0.03 0.26 0.30 0.00 0.02 0.01 0.02 0.00 0.01 0.01 0.02 0.16 0.02 0.00 0.01 0.01 0.03 0.00 0.01 0.01 0.01 0.00 0.01 0.05 0.00 0.01 0.01 0.02 0.02 0.01 0.08 0.00 0.04 0.05 0.00 0.01 0.00 0.00 0.04 0.26 0.15 0.01 0.01 0.02 0.50 0.02 0.02 0.01 0.01 0.00 0.02 0.01 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.26 0.35 0.01 0.06 0.06 0.00 0.03 0.03 0.01 0.00 0.00 0.04 0.02 0.03 0.02 0.03 0.02 0.00 0.60 0.69 0.01 0.01 0.03 0.77 0.03 0.01 0.00 0.00 0.04 0.04 0.01 0.00 0.00 0.03 0.01 0.14 0.00 0.00 0.00 0.02 0.04 0.18 0.00 0.08 0.06 0.07 0.12 0.01 0.01 0.01 0.01 0.00 0.20 0.00 0.06 0.03 0.04 6.51 8.16 0.00 0.01 0.06 0.04 0.80 0.01 0.01 0.09 0.03 0.00 0.00 0.00 0.01 0.01 0.01

0.34 0.44 0.38 0.28 9.75 7.83 0.21 0.11 0.08 0.05 0.63 0.79 13.66 17.99 0.37 0.27 0.33 0.25 0.55 0.71 0.19 0.25 25.14 20.10 0.11 0.17 0.17 3.14 2.47 0.92 0.28 0.37 0.34 0.48 0.85 0.49 0.63 0.16 0.24 0.39 0.60 1.02 0.06 0.95 0.71 0.90 0.23 0.15 0.11 0.62 6.15 3.90 0.94 1.19 0.20 10.50 8.34 0.40 0.60 0.76 0.60 0.72 0.25 0.19 0.15 0.31 0.24 0.63 0.56 0.17 0.11 2.57 3.24 0.15 1.33 1.75 0.26 0.90 0.45 0.33 0.22 0.24 1.31 0.97 0.46 0.37 0.62 0.46 0.07 24.01 30.75 0.47 0.60 0.76 31.57 0.61 0.46 0.17 0.13 0.53 0.65 0.06 0.05 0.21 0.27 0.20 0.36 0.28 0.22 0.26 0.48 1.28 0.88 0.30 20.40 12.61 9.85 1.56 1.21 0.22 0.27 0.42 0.35 5.34 0.51 0.32 0.26 0.94 166.11 222.15 0.10 1.95 0.84 0.89 39.10 0.95 0.17 18.11 1.39 0.04 0.06 3.94 7.78 0.26 0.33

0.03 0.04 0.06 0.04 1.49 1.05 0.03 0.04 0.03 0.02 0.16 0.24 6.25 8.96 0.05 0.06 0.04 0.03 0.10 0.14 0.02 0.03 9.43 6.85 0.05 0.06 0.06 0.13 0.09 0.17 0.06 0.09 0.20 0.15 0.05 0.11 0.17 0.00 0.01 0.14 0.10 0.00 0.01 0.22 0.00 0.05 0.05 0.01 0.01 0.23 2.23 2.20 0.30 0.42 0.05 3.49 0.00 0.04 0.07 0.01 0.17 0.13 0.04 0.02 0.04 0.02 0.01 0.23 0.16 0.02 0.02 0.77 1.06 0.02 0.30 0.44 0.05 0.00 0.12 0.04 0.10 0.03 0.34 0.24 0.10 0.06 0.06 0.05 0.07 5.87 8.33 0.11 0.18 0.08 6.07 0.15 0.11 0.04 0.03 0.10 0.15 0.01 0.01 0.02 0.03 0.05 0.04 0.02 0.01 0.14 0.06 0.08 0.12 0.10 6.01 2.86 2.02 0.33 0.23 0.03 0.05 0.07 0.05 0.91 0.10 0.06 0.04 0.13 95.88 133.63 0.00 0.05 0.36 0.18 6.14 0.10 0.05 7.63 0.14 0.01 0.00 1.08 1.44 0.02 0.03

0.00 0.32 + 0.39 0.41 0.00 0.22 + 0.24 0.28 + 0.07 0.07 0.09 0.10 + 0.21 0.23 + 0.16 0.18 0.25 0.25 0.30 0.30 unch 1.31 1.45 + 1.03 1.18 + 0.06 0.07 0.08 0.08 0.02 0.02 0.13 0.13 0.16 0.17 0.72 0.75 0.91 0.95 0.17 0.19 0.20 0.24 0.31 0.33 + 0.40 0.43 + 0.42 0.43 0.33 0.34 12.44 13.15 9.88 10.49 0.32 0.38 + 0.77 0.88 unch 0.61 0.69 0.32 0.33 + 0.37 0.39 0.14 0.15 0.18 0.20 +

0.01 0.01 0.03 0.04 0.01 0.01 0.01 0.01 0.03 0.00 0.03 0.05 0.00 0.01 0.01 0.04 0.04 0.03 0.04 0.01 0.01 0.00 0.02 0.02 0.02 1.27 1.00 0.07 0.00 0.01 0.03 0.04 0.01 0.01

0.87 1.20 0.44 0.60 0.13 0.18 0.41 0.30 0.33 0.45 2.80 2.12 0.14 0.20 0.03 3.95 0.39 1.57 2.09 0.24 0.31 0.68 0.97 0.86 0.70 31.08 24.00 0.50 1.20 0.95 0.33 0.61 0.38 0.40

0.15 0.20 0.15 0.20 0.03 0.03 0.06 0.04 0.09 0.10 1.10 0.78 0.03 0.05 0.01 0.07 0.09 0.21 0.29 0.03 0.04 0.20 0.39 0.40 0.33 7.77 5.78 0.16 0.39 0.20 0.28 0.05 0.14 0.18

G-H

Exc Volume C 23 V 464 O 2 O 86 V 924 O 209 C 170 V 8 V 104 O 57 O 259 V 163 V 37 O 2 V 425 O 640 V 224 O 2 V 1806 O 44 V 20 O 58 V 63 V 276 O 249 O 45 V 782 O 130 O 862 O 756 T 2069 O 1172 V 858 O 60 V 53 C 210 O 242 O 0 O 8 T 622 O 137 V 109 O 717217 C 357 O 28 V 7 T 1947 C 20 C 144 V 1013 O 465 O 1 N 25253 O 356 V 1535 C 48 V 1187 O 4 C 484 O 26 V 342 C 62 V 12 O 66 X 5888 V 265 O 8 T 314 X 10582 V 463 C 133 V 408 O 44 V 0 V 68 C 20 O 25 V 148 O 82 V 118 O 81 C 155 O 47 V 344 V 892 O 124 V 0 V 318 O 35 C 1462 C 823 T 183 X 3544 O 15 V 341 V 221 V 550 V 12 O 2 T 131 X 2498 O 1 V 907 O 513 V 462 O 541 V 188 O 10 O 157 T 174 O 371 V 2 O 2 T 1350 V 178 O 13 V 21 C 60 O 8 O 197 C 88 O 1098 V 1529 V 55 V 150 O 217 V 237 O 2199 V 3980 O 10 V 60 O 0 V 514 O 482 V 784 T 1326 O 186 V 1308 O 98 V 129 O 43 O 368 V 299 O 135 V 89 O 1030 V 5004 C 3909 V 47 V 256 O 65 O 46 T 799 X 6104 O 56 V 1139 C 4850 O 0 V 62 V 42 V 100 O 2823 V 0 C 2 V 379 O 211 O 188 V 72 V 0 V 227 O 886 V 706 O 493 V 327 V 232 O 67 V 74 O 123 V 281 V 11 O 11 O 25

Week Last

12-month

High

Low

Change

0.19 0.23 0.06 0.30 0.40 0.42 0.52 0.08 0.15 0.12 0.14 0.19 0.16 0.12 0.54 0.45 0.11 0.07 0.69 0.55 0.15 0.08 0.12 0.24 0.20 0.05 0.06 3.99 7.91 2.15 2.69 0.32 0.39 0.18 0.21 0.18 0.15 0.00 0.64 0.86 0.21 0.24 0.00 0.05 0.04 0.32 2.50 0.25 0.33 0.54 0.44 9.80 10.20 0.14 0.18 0.52 0.43 0.15 0.20 1.06 1.35 0.17 1.93 1.52 2.94 0.03 0.03 0.75 0.60 3.89 0.17 0.09 0.08 0.00 0.02 0.32 0.08 0.10 0.15 0.19 0.00 0.15 0.10 0.14 0.10 0.09 0.00 0.40 0.31 0.32 0.37 0.87 0.70 0.10 0.18 0.13 5.00 0.13 2.50 4.03 3.22 1.50 0.39 0.31 6.74 5.30 0.09 0.07 0.04 0.05 0.34 0.20 0.16 2.15 0.42 0.33 0.28 0.06 0.04 0.05 0.27 0.10 0.12 0.13 0.82 0.66 0.14 0.24 0.29 0.25 0.32 0.08 0.10 0.53 0.67 5.77 4.58 0.17 0.14 0.33 0.26 0.18 0.21 1.12 1.40 1.51 1.80 1.04 0.48 16.69 13.11 0.01 1.02 0.81 0.39 0.35 0.07 0.00 0.07 1.20 0.17 0.15 0.00 0.25 0.24 0.19 0.05 0.06 0.00 0.15 0.33 0.40 0.06 0.29 3.22 2.56 0.14 0.05 0.06 0.70 0.55 0.09

0.18 0.19 0.22 0.22 0.06 0.06 unch 0.24 0.30 + 0.30 0.40 + 0.35 0.39 0.47 0.48 0.00 0.08 0.14 0.14 unch 0.11 0.11 unch 0.14 0.14 0.18 0.18 + 0.14 0.16 0.12 0.12 unch 0.46 0.49 0.36 0.39 0.09 0.11 + 0.06 0.07 unch 0.62 0.64 + 0.51 0.51 + 0.00 0.15 0.07 0.07 unch 0.10 0.10 unch 0.22 0.24 + 0.17 0.19 + 0.05 0.05 + 0.05 0.05 unch 3.80 3.99 + 7.71 7.91 + 1.92 2.08 + 2.40 2.60 + + 0.27 0.30 0.34 0.36 + 0.15 0.16 0.19 0.19 0.14 0.17 0.11 0.14 + 0.00 0.07 unch 0.00 0.60 0.73 0.76 0.17 0.18 0.22 0.23 unch 0.00 0.00 0.04 0.04 0.03 0.03 0.30 0.30 2.18 2.45 + 0.25 0.25 + 0.31 0.32 unch 0.47 0.50 0.36 0.39 0.00 9.80 unch + 9.16 10.14 0.12 0.14 + 0.16 0.17 0.50 0.52 + 0.33 0.37 0.15 0.15 unch 0.17 0.20 unch 1.06 1.06 unch 1.26 1.32 + 0.16 0.16 1.83 1.89 0.00 1.51 2.55 2.87 + 0.03 0.03 unch 0.02 0.03 + 0.70 0.75 0.55 0.60 3.53 3.88 + 0.14 0.16 unch 0.08 0.08 unch 0.06 0.07 + 0.00 0.13 unch 0.02 0.02 unch 0.32 0.32 unch 0.07 0.08 + 0.00 0.09 unch 0.13 0.14 0.17 0.18 0.00 0.00 unch 0.13 0.15 0.10 0.10 0.13 0.13 + 0.09 0.09 0.07 0.08 0.00 0.22 unch 0.37 0.40 + 0.30 0.30 + 0.25 0.31 + 0.32 0.34 0.76 0.87 + 0.61 0.69 + 0.10 0.10 + 0.13 0.18 0.12 0.13 4.26 4.80 + 0.12 0.13 unch 1.85 2.50 + 3.68 4.00 + 2.93 3.19 + 0.00 1.50 0.34 0.39 unch 0.27 0.31 + 6.36 6.40 5.08 5.10 0.00 0.08 unch 0.05 0.07 + 0.03 0.03 0.04 0.04 unch 0.27 0.30 0.20 0.20 unch 0.16 0.16 unch 1.95 2.13 + 0.38 0.38 0.31 0.32 + 0.25 0.26 0.00 0.05 + 0.04 0.04 unch 0.05 0.05 + 0.24 0.27 unch 0.09 0.09 0.11 0.12 unch 0.12 0.12 0.75 0.78 0.59 0.66 + 0.11 0.14 + 0.18 0.23 + 0.21 0.29 + 0.24 0.24 unch 0.30 0.31 + 0.08 0.08 unch 0.07 0.09 + 0.46 0.53 + 0.58 0.66 + 5.28 5.73 + 4.19 4.58 + 0.15 0.16 + 0.12 0.13 + 0.29 0.31 0.23 0.23 0.15 0.16 + 0.19 0.20 + 0.99 1.11 + 1.25 1.40 + 1.16 1.32 + 1.45 1.65 + 0.70 1.00 + 0.44 0.48 unch 15.20 15.50 12.00 12.30 0.01 0.01 0.95 1.01 + 0.75 0.80 + 0.34 0.35 0.24 0.25 0.05 0.06 unch 0.00 0.04 unch 0.07 0.07 unch 0.96 1.05 0.15 0.16 0.13 0.14 + 0.00 0.16 unch 0.25 0.25 unch 0.19 0.21 0.15 0.16 0.04 0.04 0.05 0.06 unch 0.00 0.17 unch 0.12 0.14 + 0.28 0.29 0.35 0.36 0.06 0.06 unch 0.25 0.27 3.21 3.21 0.00 2.55 unch 0.10 0.14 + 0.04 0.04 0.05 0.05 0.00 0.65 unch 0.00 0.51 unch 0.08 0.09 -

0.01 0.01 0.00 0.03 0.08 0.01 0.02 0.01 0.00 0.00 0.00 0.01 0.02 0.00 0.04 0.03 0.02 0.00 0.03 0.02 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.07 0.02 0.05 0.04 0.02 0.02 0.01 0.01 0.01 0.00 0.00 0.07 0.06 0.00 0.00 0.00 0.01 0.01 0.03 0.15 0.03 0.00 0.04 0.04 0.00 0.78 0.00 0.01 0.02 0.07 0.00 0.00 0.00 0.02 0.02 0.02 0.01 0.21 0.00 0.01 0.01 0.01 0.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.00 0.02 0.00 0.01 0.01 0.00 0.00 0.03 0.01 0.03 0.03 0.04 0.02 0.01 0.04 0.01 0.55 0.00 1.25 0.09 0.05 0.25 0.00 0.01 0.24 0.20 0.00 0.02 0.00 0.00 0.03 0.00 0.00 0.04 0.03 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.00 0.02 0.01 0.01 0.00 0.03 0.00 0.02 0.02 0.02 0.26 0.24 0.01 0.00 0.02 0.02 0.00 0.01 0.09 0.12 0.16 0.19 0.10 0.00 0.41 0.33 0.00 0.03 0.02 0.04 0.10 0.00 0.00 0.00 0.13 0.01 0.02 0.00 0.00 0.02 0.03 0.00 0.00 0.00 0.01 0.01 0.02 0.00 0.02 0.01 0.00 0.04 0.01 0.01 0.00 0.00 0.02

(100s)

High Low

Stock

0.32 0.25 0.07 0.47 0.60 0.55 0.69 0.11 0.31 0.24 0.29 0.45 0.30 0.22 2.44 1.84 0.21 0.14 0.87 0.70 0.22 0.13 0.19 0.48 0.37 0.09 0.12 4.40 8.67 2.15 2.69 1.52 1.93 0.28 0.45 0.27 0.21 0.80 0.86 1.07 0.27 0.35 0.00 0.16 0.12 0.35 2.88 0.60 0.50 0.71 0.56 15.00 14.90 0.23 0.23 0.95 0.76 0.52 0.75 1.06 1.63 0.30 2.70 2.02 5.04 0.04 0.03 1.50 1.14 4.62 0.35 0.14 0.11 0.18 0.05 0.32 0.13 0.18 0.17 0.22 0.01 0.28 0.14 0.20 0.38 0.32 0.44 0.50 0.32 0.72 0.70 1.65 1.30 0.25 0.38 0.31 4.86 0.20 3.49 6.89 5.20 5.10 0.65 0.60 8.32 6.43 0.12 1.10 0.07 0.10 0.87 0.24 0.19 3.85 1.14 0.86 0.50 0.08 0.05 0.10 0.59 0.14 0.19 0.30 0.94 0.74 0.17 0.32 0.39 0.39 0.51 0.08 0.11 0.74 0.95 8.40 6.61 0.34 0.26 0.68 0.52 0.20 0.25 1.89 2.40 1.46 1.84 1.04 0.88 19.83 14.62 0.02 1.47 1.16 0.73 0.72 0.10 0.07 0.12 1.81 0.26 0.30 0.20 0.35 0.34 0.27 0.07 0.10 0.20 0.15 0.50 0.48 0.07 0.67 3.22 2.59 0.20 0.08 0.10 0.93 0.67 0.16

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

V O V O O V V O V V V O N O T O V V O V N O V O O V O V C V O V O V V C O O O V T 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 Impala Platnm* Imperial Metal* Imperial Metal Imperial Mg Gr* 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 Intact Gold Integra Res* Integra Res Inter-Rock Mnl Interconnect Intercontinent Intl Battery Intl Battery* 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 Ion Energy 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* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* JNC Resources* JNC Resources Josemaria Res Joshua Gold* Jourdan Res Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining* K92 Mining Kainantu Res Kaizen Discov Kaizen Discvry* Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Mining* Kenadyr Mining Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources KGL Resources* Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met Kingman Min Kingman Min* Kings Bay Res*

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

0.14 0.08 0.03 0.08 0.11 0.10 0.14 0.02 0.09 0.06 0.05 0.05 0.06 0.05 0.16 0.11 0.05 0.01 0.08 0.05 0.10 0.07 0.08 0.17 0.13 0.04 0.05 1.44 2.83 0.26 0.36 0.03 0.04 0.11 0.05 0.04 0.03 0.00 0.19 0.28 0.06 0.08 0.00 0.02 0.01 0.20 0.49 0.20 0.10 0.02 0.01 7.40 4.60 0.02 0.03 0.30 0.24 0.14 0.13 1.06 0.76 0.05 1.50 1.17 2.48 0.01 0.01 0.63 0.48 1.29 0.11 0.04 0.02 0.09 0.02 0.12 0.05 0.07 0.07 0.11 0.00 0.03 0.02 0.04 0.04 0.03 0.06 0.07 0.24 0.22 0.07 0.29 0.21 0.10 0.13 0.12 0.70 0.05 0.17 3.05 2.17 0.00 0.04 0.03 3.70 4.92 0.06 0.04 0.01 0.02 0.11 0.08 0.12 1.15 0.25 0.19 0.10 0.02 0.01 0.01 0.17 0.06 0.09 0.09 0.12 0.08 0.02 0.08 0.12 0.09 0.13 0.03 0.04 0.11 0.16 3.79 2.51 0.10 0.07 0.14 0.10 0.08 0.04 0.12 0.19 0.04 0.05 0.30 0.34 5.65 7.46 0.00 0.41 0.29 0.15 0.06 0.05 0.04 0.01 0.20 0.04 0.05 0.14 0.07 0.10 0.07 0.03 0.04 0.09 0.03 0.10 0.14 0.01 0.08 0.99 0.70 0.10 0.02 0.03 0.43 0.30 0.07

Exc Volume

Week High

Low

Last

29 4 56 8 5 70 146 150 135 91 214 5 23872 865 1156 4 34 512 17 680 28514 151 162 146 2 55 11 25 2 40 21 81 253 156 123 364 26 52 166 499 51 5367 6682 147 112 19 146 39 2

0.13 0.04 0.05 0.09 0.08 0.13 0.50 0.39 0.51 0.09 0.48 0.37 4.91 0.14 0.18 0.15 0.20 0.03 0.03 1.07 6.00 0.96 1.20 1.57 0.37 0.51 0.04 0.08 0.28 0.02 0.99 1.24 0.08 0.10 0.33 0.04 0.04 2.88 0.11 0.13 0.14 7.29 9.16 0.23 0.19 0.08 0.09 0.31 0.03

0.11 0.03 0.04 0.04 0.08 0.09 0.44 0.35 0.45 0.08 0.42 0.34 4.22 0.12 0.15 0.14 0.00 0.03 0.00 0.86 5.41 0.84 1.06 1.45 0.37 0.50 0.04 0.00 0.28 0.02 0.93 1.17 0.07 0.08 0.29 0.04 0.03 2.63 0.09 0.12 0.13 6.21 7.83 0.21 0.17 0.06 0.08 0.30 0.03

0.13 0.04 0.05 0.04 0.08 0.13 0.48 0.37 0.45 0.09 0.46 0.34 4.87 0.13 0.16 0.15 0.20 0.03 0.03 0.93 5.93 0.94 1.18 1.54 0.37 0.50 0.04 0.08 0.28 0.02 0.96 1.17 0.07 0.08 0.29 0.04 0.04 2.75 0.10 0.12 0.14 7.28 9.11 0.23 0.18 0.08 0.09 0.31 0.03

19 18 25221 5871 16 49 383 4304 1208 289 34 424 106 643 111 702 0 15 95 263 767 54 112 4125 273 6 423 219 1371 309 282 80 3 442 269 8 100 12 132 268 9 101 1294 18 881 691 319 1063 716 12 22 153 16669 763 44 20 607 704 68 195 30 107 298 64 70 54 110 666 2 2 230 877 5929 38 0 40 11 447 128 152 54 0 17 217 216 3 246 10 507 979 43 215 513 354 826 126 39 156 4 79 291 610 3546 212 257 2 75 452 32 42 2 266 56100 51 132 110 5122 956 96 259 88 1 2 506 10 129 419 472 55 0

0.05 0.05 3.15 3.95 0.07 0.26 0.32 0.23 0.18 0.04 0.24 0.21 0.17 0.11 0.08 0.80 18.00 3.63 4.60 0.19 0.20 0.32 0.40 0.03 0.14 0.10 0.10 0.09 0.11 0.36 0.09 0.14 0.00 2.93 3.67 0.42 0.10 0.16 0.80 0.64 0.09 0.03 0.04 1.80 2.45 0.10 0.08 0.02 0.08 0.05 0.12 0.16 0.00 1.12 1.40 0.11 0.16 33.75 0.33 0.43 0.15 0.17 0.05 0.48 0.41 2.13 1.70 2.74 0.55 0.70 0.28 5.46 6.86 0.36 0.00 0.07 0.05 6.63 5.26 0.37 0.29 0.11 0.08 0.07 0.08 0.11 0.14 0.30 0.48 0.40 0.15 0.21 0.72 0.12 0.08 0.23 0.38 0.48 1.60 0.37 0.26 5.50 6.78 0.33 0.05 0.04 0.48 0.94 0.18 0.22 0.53 2.84 0.00 0.04 0.04 0.98 0.04 0.19 0.14 0.11 0.40 0.33 0.20 0.28 0.03 0.04 0.63 0.23 0.18 0.11

12-month Change

High Low

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

0.01 0.01 0.01 0.03 0.02 0.02 0.01 0.00 0.06 0.00 0.01 0.03 0.47 0.01 0.01 0.01 0.00 0.01 0.00 0.08 0.01 0.08 0.09 0.02 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.04 0.01 0.01 0.04 0.01 0.01 0.04 0.00 0.00 0.01 0.93 1.14 0.00 0.00 0.00 0.00 0.01 0.00

0.40 0.04 0.06 0.15 0.11 0.16 0.62 0.49 2.94 0.15 0.62 0.39 7.61 0.16 0.22 0.20 0.29 0.05 0.04 1.35 8.45 1.30 2.25 1.74 0.81 1.11 0.05 0.35 0.39 0.03 2.44 3.14 0.12 0.15 0.42 0.09 0.21 4.35 0.21 0.18 0.20 8.39 10.58 0.38 0.29 0.15 0.20 0.75 0.06

0.08 0.00 0.01 0.01 0.01 0.02 0.16 0.11 0.39 0.07 0.15 0.18 2.04 0.06 0.09 0.04 0.06 0.01 0.00 0.30 1.66 0.10 0.30 0.55 0.05 0.18 0.01 0.02 0.02 0.01 0.51 0.73 0.01 0.02 0.06 0.02 0.01 1.22 0.00 0.01 0.03 1.69 2.40 0.07 0.04 0.01 0.04 0.05 0.03

0.05 0.05 unch 0.04 0.04 + 2.86 3.14 + 3.61 3.94 + 0.07 0.07 unch 0.22 0.22 0.27 0.30 0.15 0.23 + 0.11 0.18 + 0.03 0.03 0.19 0.20 + 0.17 0.19 0.14 0.15 0.09 0.10 0.08 0.08 0.67 0.76 + 0.00 18.00 3.36 3.61 + 4.23 4.58 + 0.13 0.13 0.17 0.17 0.24 0.29 0.36 0.38 0.03 0.03 0.13 0.14 + 0.10 0.10 0.09 0.09 0.07 0.07 0.09 0.09 0.27 0.31 0.06 0.07 + 0.11 0.11 0.00 0.08 unch 2.65 2.83 3.35 3.53 0.41 0.41 unch 0.10 0.10 unch 0.16 0.16 + 0.74 0.77 + 0.59 0.61 0.08 0.08 0.03 0.03 0.03 0.04 1.39 1.68 + 1.70 2.25 + 0.09 0.09 0.07 0.07 0.02 0.02 unch 0.07 0.07 0.05 0.05 0.10 0.10 0.11 0.12 0.00 0.00 + 1.03 1.12 + 1.29 1.39 + 0.10 0.10 0.11 0.16 + 30.00 32.86 + 0.31 0.31 0.40 0.40 0.12 0.13 + 0.16 0.17 unch 0.04 0.05 + 0.45 0.48 + 0.36 0.39 1.91 2.10 + 1.56 1.69 + 2.37 2.68 0.00 0.54 0.00 0.70 + 0.25 0.26 4.99 5.45 + 6.39 6.85 + 0.35 0.36 unch 0.00 0.06 unch 0.07 0.07 + 0.04 0.04 6.05 6.56 + 4.81 5.26 + 0.36 0.37 + 0.27 0.29 + 0.00 0.11 unch 0.07 0.07 0.06 0.07 + 0.07 0.08 + 0.09 0.11 + 0.13 0.13 0.28 0.30 + 0.45 0.47 0.34 0.38 + 0.14 0.14 0.18 0.18 0.70 0.70 unch 0.09 0.12 + 0.06 0.07 0.20 0.22 0.33 0.33 0.41 0.41 + 0.00 1.30 0.35 0.36 unch 0.22 0.25 + 4.58 5.38 5.97 6.77 unch 0.31 0.32 0.05 0.05 unch 0.04 0.04 unch 0.36 0.48 + 0.73 0.90 + 0.15 0.18 unch 0.21 0.21 0.00 0.53 2.52 2.81 + 0.00 0.00 + 0.03 0.03 + 0.04 0.04 unch 0.88 0.91 0.02 0.03 unch 0.15 0.16 0.13 0.13 0.10 0.10 0.29 0.29 0.24 0.24 0.00 0.19 0.23 0.24 0.03 0.03 unch 0.04 0.04 0.55 0.62 0.19 0.23 + 0.17 0.18 + 0.11 0.11 unch

0.00 0.00 0.07 0.11 0.00 0.03 0.01 0.06 0.06 0.01 0.01 0.03 0.01 0.01 0.01 0.03 1.00 0.17 0.25 0.03 0.03 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.07 0.01 0.01 0.00 0.09 0.11 0.00 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.29 0.46 0.01 0.01 0.00 0.01 0.00 0.00 0.04 0.00 0.03 0.02 0.01 0.04 0.98 0.02 0.04 0.00 0.00 0.01 0.01 0.02 0.11 0.08 0.04 0.00 0.02 0.02 0.25 0.29 0.00 0.00 0.01 0.01 0.04 0.10 0.03 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.03 0.02 0.01 0.06 0.05 0.03 0.00 0.01 0.02 0.00 0.02 0.00 0.00 0.01 0.04 0.00 0.01 0.01 0.12 0.00 0.00 0.00 0.03 0.00 0.01 0.01 0.01 0.01 0.10 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.00

0.06 0.05 5.35 7.07 0.14 0.30 0.37 0.44 0.47 0.05 0.25 1.00 0.73 0.25 0.19 1.25 19.10 4.90 6.25 0.90 0.24 0.67 0.86 0.08 0.23 0.17 0.15 0.19 0.23 0.63 0.14 0.25 0.12 5.50 5.90 0.48 0.11 0.26 0.99 0.78 0.10 0.07 0.09 1.76 2.41 0.16 0.13 0.04 0.12 0.09 0.15 0.23 0.00 2.27 3.07 0.17 0.22 39.19 0.78 1.11 0.26 0.33 0.05 0.67 1.40 4.42 3.36 3.49 0.67 0.83 0.30 6.57 8.27 0.42 0.09 0.15 0.08 11.30 9.30 0.47 0.38 0.13 0.18 0.09 0.14 0.11 0.16 0.38 0.55 0.45 1.75 0.30 0.91 0.20 0.18 0.23 0.41 0.52 2.25 0.96 0.65 7.16 8.95 0.40 0.06 0.05 0.48 1.95 0.30 0.33 1.28 3.57 0.00 0.06 0.08 1.75 0.03 0.47 0.37 0.20 0.60 0.44 0.25 0.57 0.05 0.07 0.80 0.23 0.18 0.14

0.03 0.01 2.15 3.09 0.02 0.02 0.04 0.08 0.07 0.01 0.04 0.10 0.07 0.08 0.06 0.29 8.64 0.88 1.23 0.08 0.04 0.13 0.20 0.01 0.04 0.02 0.06 0.03 0.04 0.27 0.00 0.03 0.03 2.65 1.90 0.16 0.07 0.09 0.08 0.05 0.01 0.00 0.01 0.02 0.15 0.03 0.02 0.01 0.02 0.01 0.07 0.08 0.00 0.36 0.55 0.02 0.03 6.00 0.13 0.17 0.08 0.10 0.01 0.27 0.13 1.71 1.34 0.39 0.14 0.22 0.03 1.50 2.21 0.20 0.03 0.05 0.01 1.65 1.10 0.23 0.16 0.03 0.03 0.03 0.05 0.00 0.01 0.14 0.12 0.07 0.08 0.06 0.45 0.04 0.01 0.03 0.06 0.11 0.20 0.16 0.14 1.99 2.85 0.18 0.03 0.02 0.32 0.13 0.11 0.12 0.13 2.25 0.00 0.02 0.03 0.70 0.01 0.03 0.02 0.01 0.10 0.00 0.15 0.09 0.00 0.02 0.40 0.07 0.17 0.00

I-J-K

(100s) Stock

Exc Volume

Week

12-month

High

Low

0.14 0.14 unch 0.17 0.17 unch 0.14 0.14 unch 8.12 8.81 + 6.43 7.02 + 0.11 0.12 0.00 0.38 + 0.00 0.27 unch 40.07 44.44 + 31.72 35.41 + 0.22 0.22 0.17 0.17 0.06 0.08 + 0.10 0.10 + 1.11 1.15 + 0.18 0.19 0.24 0.25 0.32 0.33 unch 0.25 0.27 + 0.07 0.07 unch 0.05 0.06 0.80 0.86 + 0.38 0.39 2.20 2.79 + 1.74 2.22 + 0.03 0.03 unch 0.01 0.01 -

Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* 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* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

131 90 1 14018 56979 102 20 3 4192 9874 510 14 501 1882 32 4 2302 604 384 138 51 280 220 345 235 4499 1223

0.14 0.18 0.14 8.86 7.05 0.12 0.40 0.00 44.48 35.44 0.25 0.18 0.09 0.11 1.16 0.22 0.29 0.34 0.28 0.07 0.06 0.90 0.43 2.79 2.23 0.03 0.03

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Forest Mi* Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals Latin Metals* Laurion Mnl Ex Laurion Mnl Ex* Le Mare Gold* Le Mare Gold Leading Edge Leading Edge* Leeta Gold Legion Metals Leocor Gold Lepanto Con Mg* Leviathan Gold Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Logan Res* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes Los Andes* 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*

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

575 916 487 27 1506 0 5393 8 1846 3839 554 1 632 240 2 252 159 8 68 92 269 11211 439 11 25 789 178 151 637 9 29 43 154 284 240 2975 19710 486 697 1283 12 52 12 20 3 9 3 31 1753 774 10 346 16 50 0 91 120 14 153 2 21 249 180 194 1202 236 6202 28 435 1206 454 489

0.41 0.51 0.32 30.00 38.04 6.00 0.28 0.74 0.52 0.02 17.91 0.12 0.20 0.15 0.13 0.21 0.16 0.06 0.09 0.35 0.28 5.19 0.26 0.45 0.00 0.43 0.61 0.49 1.21 0.70 0.55 0.04 0.15 1.33 1.05 22.05 17.52 0.50 0.41 0.50 0.14 0.19 0.06 0.06 0.17 0.13 0.18 0.21 0.19 0.15 0.67 0.83 1.05 7.40 5.77 0.33 0.73 0.06 0.08 0.27 0.39 0.67 0.84 0.88 10.43 10.89 13.42 0.04 0.08 0.03 4.79 4.88

Macarthur Min Macarthur Min* MacDonald Mns MacDonald Mns* Madoro Metals Madoro Metals* MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious* Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X Manganese X* Mangazeya Mng* Mangazeya Mng Manitou Gold Manitou Gold * Mansa Explor 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* Masivo Silver* Masivo Silver Mason Graphite* Mason Graphite Matachewan Con 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* MegaWatt Lith

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

129 108 1056 571 14 0 1109 3 185 58 0 228 273 33 196 116 3274 118 69 257 580 540 20 94 122 78 771 536 2 7 808 75 504 1043 1352 488 2128 46 53 75 1 377 2578 6 2669 234 1 115 938 223 564 2 2224 147 496 158 527 520 85 15 0 48 22 1017 12061 1 45 434 112 483 62 129 2379 30 3253 1013 1376

0.51 0.41 0.06 0.05 0.11 0.00 20.19 1.18 0.99 0.80 0.00 0.12 0.07 0.04 0.06 0.38 0.50 0.37 0.48 1.22 0.28 0.35 0.09 0.10 2.05 1.60 0.55 0.44 0.07 0.09 0.09 0.06 0.17 0.29 0.24 1.88 2.38 0.08 0.06 4.66 3.63 0.41 0.16 0.07 352.36 0.15 3.25 0.12 0.15 0.47 0.59 0.16 0.06 6.75 5.39 0.21 0.27 0.26 0.07 0.06 0.00 0.17 0.78 1.38 1.10 0.00 0.80 1.77 0.44 0.39 0.05 0.05 0.00 0.17 0.21 0.16 0.47

Last

21

Change

High Low

0.00 0.00 0.00 0.36 0.30 0.01 0.07 0.00 2.37 1.99 0.02 0.01 0.01 0.01 0.03 0.04 0.06 0.00 0.00 0.00 0.00 0.05 0.01 0.59 0.43 0.00 0.00

0.30 0.24 0.15 13.59 10.32 0.17 0.45 0.33 76.43 57.69 0.39 0.29 0.26 0.34 2.51 0.35 0.54 0.54 0.46 3.00 1.16 2.01 4.09 3.13 2.47 0.04 0.03

0.05 0.11 0.07 5.60 3.98 0.07 0.09 0.01 40.07 28.70 0.18 0.13 0.01 0.02 0.14 0.07 0.07 0.15 0.10 0.07 0.05 0.18 0.05 0.45 0.38 0.01 0.00

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

0.00 0.01 0.01 0.08 0.22 0.00 0.02 0.01 0.00 0.00 0.75 0.01 0.05 0.01 0.00 0.01 0.01 0.00 0.01 0.02 0.02 0.84 0.03 0.00 0.00 0.01 0.01 0.00 0.01 0.07 0.00 0.01 0.00 0.02 0.02 1.62 1.32 0.01 0.00 0.00 0.01 0.02 0.00 0.00 0.10 0.02 0.00 0.00 0.01 0.01 0.03 0.03 0.02 0.15 0.04 0.12 0.01 0.00 0.00 0.00 0.07 0.01 0.04 0.07 0.92 0.37 0.38 0.00 0.02 0.01 0.22 0.22

0.50 0.63 0.95 33.91 40.76 6.00 0.50 1.02 0.56 0.09 21.80 0.18 0.23 0.24 0.18 0.24 0.18 0.06 0.09 0.45 0.35 7.25 0.42 1.00 0.01 0.99 1.08 0.55 1.82 0.90 1.00 0.20 0.28 2.66 2.00 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.11 0.14 0.20 0.28 18.09 0.35 0.28 0.22 0.66 0.89 2.33 7.50 5.81 0.27 1.00 0.22 0.27 0.37 0.58 0.91 1.19 1.08 13.23 12.45 15.42 0.06 0.08 0.07 5.31 5.37

0.10 0.11 0.00 10.81 15.24 6.00 0.02 0.46 0.20 0.00 6.30 0.10 0.08 0.05 0.04 0.13 0.09 0.03 0.04 0.06 0.04 0.17 0.16 0.21 0.00 0.36 0.30 0.32 0.56 0.40 0.01 0.02 0.07 1.05 0.74 3.47 2.39 0.10 0.07 0.07 0.05 0.06 0.03 0.03 0.04 0.04 0.00 0.06 0.02 0.01 0.26 0.34 0.39 1.95 2.66 0.09 0.40 0.04 0.06 0.17 0.23 0.37 0.53 0.57 7.59 3.43 4.97 0.00 0.01 0.00 0.75 0.75

0.48 0.50 unch 0.00 0.41 + 0.06 0.06 unch 0.04 0.05 + 0.11 0.11 unch 0.00 0.10 unch 17.88 20.10 + 1.01 1.08 0.85 0.98 0.67 0.76 0.00 0.09 unch 0.11 0.11 0.06 0.06 0.04 0.04 0.05 0.05 unch 0.36 0.38 + 0.44 0.49 + 0.32 0.33 0.41 0.44 + 1.05 1.21 + 0.26 0.26 0.32 0.33 0.00 0.09 + 0.08 0.10 + 1.88 1.93 1.50 1.55 + 0.47 0.54 + 0.37 0.43 + 0.07 0.07 unch 0.08 0.09 unch 0.08 0.08 0.06 0.06 + 0.13 0.14 0.25 0.27 unch 0.20 0.21 + 1.68 1.87 + 2.13 2.35 + 0.07 0.07 0.06 0.06 4.26 4.30 0.00 3.52 0.36 0.36 0.15 0.16 + 0.07 0.07 unch 329.81 333.88 0.12 0.12 2.99 3.05 + 0.00 0.12 + + 0.11 0.15 0.41 0.45 + 0.51 0.57 + 0.16 0.16 unch 0.05 0.06 + 6.26 6.75 + 4.95 5.39 + 0.19 0.21 + 0.24 0.26 + 0.23 0.24 0.07 0.07 0.05 0.05 0.00 0.05 unch 0.17 0.17 unch 0.70 0.78 + 1.29 1.37 + 1.02 1.09 + 0.00 0.08 unch 0.72 0.76 + 1.66 1.74 + 0.38 0.42 unch 0.30 0.31 0.04 0.05 unch 0.05 0.05 0.00 0.00 + 0.14 0.14 unch 0.18 0.21 + 0.15 0.16 + 0.32 0.46 +

0.00 0.01 0.00 0.00 0.00 0.00 0.87 0.08 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.02 0.04 0.02 0.04 0.07 0.01 0.02 0.01 0.02 0.07 0.03 0.05 0.04 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.07 0.09 0.01 0.00 0.28 0.15 0.03 0.01 0.00 7.36 0.02 0.05 0.02 0.03 0.01 0.01 0.00 0.01 0.18 0.15 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.05 0.01 0.02 0.00 0.02 0.09 0.00 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.08

0.70 0.54 0.15 0.10 0.20 0.14 31.21 1.66 1.89 1.46 0.18 0.48 0.11 0.06 0.08 0.52 0.82 1.27 1.65 1.75 0.50 0.54 0.25 0.15 2.73 2.13 1.11 0.85 0.09 0.12 0.10 0.07 0.18 0.56 0.42 2.74 3.35 0.11 0.08 5.01 4.01 0.63 0.23 0.18 353.56 0.25 3.25 0.12 0.25 0.94 1.19 0.23 0.09 7.78 6.10 0.44 0.57 0.55 0.12 0.09 1.00 0.19 0.90 2.02 1.60 0.18 2.00 2.57 0.75 0.59 0.08 0.11 0.00 0.29 0.25 0.21 1.17

0.07 0.04 0.05 0.04 0.07 0.05 10.29 0.20 0.46 0.23 0.09 0.11 0.03 0.02 0.04 0.17 0.13 0.26 0.27 0.22 0.19 0.25 0.00 0.02 0.66 0.47 0.06 0.06 0.02 0.04 0.04 0.02 0.08 0.06 0.04 0.65 1.01 0.03 0.02 1.00 0.03 0.19 0.06 0.05 151.94 0.05 0.51 0.01 0.03 0.10 0.15 0.11 0.02 4.45 3.15 0.12 0.17 0.06 0.05 0.04 0.03 0.05 0.39 0.91 0.64 0.03 0.14 1.29 0.05 0.03 0.03 0.04 0.00 0.02 0.06 0.04 0.09

L 0.37 0.46 0.25 28.26 35.57 6.00 0.23 0.69 0.45 0.01 16.76 0.12 0.14 0.13 0.13 0.19 0.15 0.06 0.07 0.31 0.24 4.20 0.22 0.45 0.00 0.36 0.58 0.44 1.10 0.00 0.46 0.03 0.15 1.24 0.98 17.02 13.46 0.45 0.35 0.43 0.00 0.17 0.06 0.06 0.00 0.00 0.17 0.00 0.16 0.12 0.59 0.75 0.86 7.05 0.00 0.20 0.71 0.06 0.00 0.00 0.30 0.64 0.81 0.73 9.30 9.65 12.45 0.04 0.05 0.01 4.40 4.55

0.39 0.48 0.30 29.87 37.45 6.00 0.25 0.70 0.51 0.02 17.32 0.12 0.20 0.14 0.13 0.20 0.15 0.06 0.08 0.32 0.25 4.98 0.26 0.45 0.00 0.40 0.61 0.48 1.16 0.70 0.51 0.03 0.15 1.30 1.04 19.93 15.87 0.47 0.37 0.49 0.14 0.17 0.06 0.06 0.17 0.12 0.17 0.21 0.18 0.14 0.67 0.83 1.05 7.40 5.77 0.32 0.73 0.06 0.08 0.27 0.39 0.66 0.81 0.79 10.43 10.66 13.36 0.04 0.07 0.01 4.70 4.70

M

22

WWW.NORTHERNMINER.COM

APRIL 12—25, 2021 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.26 0.34 + 0.08 0.08 + 0.00 0.10 unch 0.36 0.36 0.45 0.46 0.36 0.36 0.27 0.30 + 0.14 0.14 unch 0.10 0.10 unch 0.03 0.03 0.05 0.05 0.08 0.09 unch 0.07 0.07 10.30 11.49 + 0.56 0.63 unch 0.44 0.50 0.00 0.24 0.30 0.34 + 0.03 0.03 0.43 0.47 0.15 0.15 + 0.00 3.00 unch 0.00 2.39 unch 0.10 0.12 0.14 0.15 0.15 0.17 0.34 0.35 unch 0.08 0.08 0.06 0.07 + 0.05 0.05 0.00 0.27 + 0.11 0.11 unch 0.79 0.81 0.45 0.48 unch 0.24 0.24 0.28 0.28 2.77 3.25 + 2.18 2.58 + 0.07 0.08 0.10 0.10 0.09 0.09 unch 0.43 0.43 0.34 0.35 0.46 0.49 + 0.36 0.37 0.46 0.52 + 0.58 0.65 + 0.12 0.13 + 0.13 0.14 unch 0.21 0.23 unch 0.18 0.19 0.00 28.00 unch 0.00 0.00 unch 0.06 0.07 0.02 0.03 unch 0.06 0.06 0.04 0.05 + 0.00 0.00 0.26 0.30 + 0.50 0.55 0.12 0.13 0.34 0.34 0.09 0.09 unch 0.00 0.11 0.36 0.37 0.45 0.46 0.07 0.09 + 0.10 0.11 + 0.60 0.63 0.76 0.79 0.32 0.38 + 0.25 0.30 + 0.22 0.22 0.00 0.17 0.65 0.66 0.00 0.02 0.02 0.02 unch 0.42 0.47 0.53 0.57 0.11 0.12 + 0.09 0.09 0.15 0.15 0.00 0.19 30.43 31.26 + 0.00 0.10 + 0.18 0.20 + 0.14 0.16 + 0.51 0.58 + 0.41 0.46 + 0.62 0.65 0.19 0.24 + 0.15 0.18 + 0.06 0.06 0.00 0.09 + 0.27 0.27 unch 0.11 0.12 0.08 0.09 -

MegaWatt Lith* MegumaGold* MegumaGold Melkior Res* Melkior Res Meridian Mg Meridian Mg * Meryllion Res Meryllion Res* MetalCorp* MetalCorp Metalex Vent Metalex Vent * Metalla Rylty Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Mich Resources 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* Mojave Gold Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent Monitor Vent* Montage Gold Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mosaic Min Mountain Boy Mountain Boy* Mountain Prov Mountain Prov* MPV Explor Mundoro Cap Mundoro Cap* Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

O 769 O 2 C 115 O 112 V 381 V 292 O 32 C 290 O 12 O 132 V 80 V 158 O 6 V 80 V 510 O 570 O 2 C 388 O 43 V 185 C 6 V 0 O 0 O 92 V 1080 O 980 V 157 O 83 C 115 O 91 C 29 V 165 V 60 C 299 O 12 V 79 V 176 O 52 O 194 V 120 V 884 V 268 O 198 T 54 O 50 O 1799 V 1402 O 15 C 272 V 430 O 72 O 0 O 70429 V 1097 O 1777 V 77 O 23 O 465061 V 68 V 294 C 728 V 37 O 24 V 56 O 6 C 24 O 590 V 590 O 83 T 887 T 2587 O 1499 V 4 O 0 V 389 C 180 C 3273 O 97 V 172 V 312 O 24 O 4 V 12 N 24532 C 53 V 454 O 82 T 290 O 38 C 498 V 211 O 48 O 2 V 53 O 200 C 2337 O 628

0.38 0.08 0.11 0.53 0.68 0.39 0.30 0.14 0.10 0.04 0.05 0.10 0.08 11.75 0.63 0.52 0.28 0.35 0.03 0.49 0.15 0.00 0.00 0.13 0.17 0.18 0.35 0.09 0.07 0.06 0.33 0.12 0.84 0.50 0.24 0.30 3.25 2.58 0.09 0.11 0.09 0.46 0.36 0.50 0.39 0.53 0.65 0.13 0.16 0.24 0.19 0.00 0.00 0.07 0.03 0.06 0.05 0.00 0.30 0.56 0.14 0.38 0.09 0.11 0.37 0.50 0.09 0.11 0.67 0.88 0.39 0.31 0.26 0.17 0.70 0.02 0.03 0.52 0.63 0.12 0.09 0.15 0.19 32.99 0.10 0.20 0.16 0.61 0.48 0.70 0.25 0.18 0.07 0.09 0.27 0.14 0.12

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Napier Vent* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* Neo Lithium Neometals* Network Expl* Network Expl Nevada Canyon* Nevada Copper 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 Destiny Mg* New Energy Met* New Energy Met New Found Gold New Gold* New Gold New Guinea Gld* New Jersey Mng* New Klondike* New Oroperu 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 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 28 Nickel 28* Nickel Creek* Nickel Creek Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold*

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

0.01 26.15 0.28 0.24 0.01 17.45 0.01 2.23 3.05 0.32 1.08 1.30 0.80 0.18 0.15 0.19 0.10 0.11 0.10 0.14 0.17 0.21 0.06 0.08 0.08 0.06 0.10 0.11 4.80 1.65 2.07 0.00 0.30 0.00 1.95 5.55 0.18 0.22 0.30 0.09 0.07 3.57 0.68 0.53 24.50 19.30 0.24 0.14 0.00 78.34 62.21 0.53 0.01 0.12 0.15 13.27 10.62 0.27 4.84 3.84 0.38 0.07 0.06 0.47 0.59 0.62 0.48 0.10 0.13 0.05 0.30 0.24 0.12 0.09 0.80

Last

12-month

High

Change

Stock

0.06 0.00 0.00 0.16 0.20 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.68 0.00 0.00 0.04 0.02 0.00 0.03 0.03 0.00 0.00 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.03 0.00 0.01 0.03 0.32 0.24 0.01 0.02 0.00 0.03 0.01 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.04 0.00 0.01 0.01 0.04 0.01 0.01 0.06 0.08 0.03 0.03 0.04 0.12 0.03 0.02 0.00 0.03 0.06 0.01 0.00 0.01 0.01 0.11 0.02 0.02 0.00 0.06 0.05 0.02 0.04 0.04 0.00 0.01 0.00 0.02 0.02

0.90 0.16 0.21 1.00 1.25 0.40 0.32 0.20 0.10 0.08 0.11 0.13 0.10 16.87 1.30 0.94 0.45 0.57 0.04 0.64 0.30 3.65 2.39 0.15 0.19 0.27 0.59 0.15 0.15 0.11 0.40 0.15 1.13 0.71 0.31 0.37 5.25 4.16 0.23 0.32 0.20 0.85 0.67 0.83 0.60 0.62 0.78 0.18 0.25 0.46 0.32 33.00 0.00 0.19 0.15 0.10 5.00 0.00 0.60 0.65 0.41 0.45 0.13 0.18 0.52 0.67 0.20 0.30 0.90 1.31 0.48 0.38 0.45 0.37 1.27 0.06 0.10 0.75 0.95 0.15 0.12 0.20 0.25 35.20 0.15 0.69 0.52 0.82 0.64 1.35 0.28 0.21 0.09 0.11 0.60 0.26 0.18

0.17 0.07 0.09 0.08 0.10 0.06 0.05 0.05 0.00 0.00 0.01 0.02 0.02 5.09 0.14 0.10 0.00 0.12 0.01 0.15 0.07 1.00 0.81 0.02 0.03 0.04 0.15 0.02 0.05 0.03 0.15 0.07 0.49 0.10 0.08 0.11 0.76 0.54 0.07 0.09 0.04 0.30 0.20 0.41 0.30 0.16 0.22 0.07 0.09 0.19 0.13 12.35 0.00 0.05 0.04 0.03 0.01 0.00 0.05 0.30 0.09 0.05 0.06 0.09 0.02 0.03 0.02 0.02 0.60 0.59 0.06 0.04 0.12 0.08 0.65 0.01 0.02 0.03 0.03 0.04 0.00 0.06 0.09 9.58 0.05 0.14 0.09 0.25 0.18 0.21 0.11 0.07 0.03 0.05 0.22 0.05 0.04

0.00 0.25 0.01 0.00 0.00 0.66 0.00 0.14 0.08 0.02 0.08 0.12 0.13 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.02 0.01 0.03 0.00 0.02 0.02 0.36 0.01 0.00 0.00 0.02 0.00 0.07 0.13 0.00 0.00 0.00 0.00 0.01 0.16 0.01 0.05 0.51 0.14 0.01 0.01 0.00 0.37 0.31 0.02 0.00 0.01 0.01 0.31 0.30 0.06 0.36 0.28 0.03 0.01 0.00 0.05 0.03 0.01 0.00 0.01 0.02 0.01 0.05 0.04 0.01 0.00 0.00

0.03 35.70 0.37 0.32 0.12 19.52 0.04 5.00 3.88 0.61 1.62 2.05 4.00 0.25 0.19 0.25 0.25 0.31 0.16 0.18 0.19 0.24 0.09 0.11 0.11 0.07 0.20 0.12 5.25 2.40 3.05 0.13 0.60 0.00 3.59 9.02 0.80 0.95 0.62 0.10 0.15 4.07 0.92 0.70 31.25 26.42 0.40 0.16 0.10 96.45 72.22 0.60 0.02 0.31 0.43 14.92 12.58 0.40 5.41 4.27 0.53 0.14 0.12 0.58 0.75 0.85 0.68 0.24 0.33 0.10 1.18 0.93 0.21 0.14 2.20

0.00 17.95 0.13 0.08 0.00 9.56 0.00 0.92 0.43 0.05 0.08 0.13 0.11 0.06 0.08 0.12 0.01 0.02 0.03 0.07 0.03 0.05 0.02 0.03 0.02 0.00 0.01 0.03 1.24 0.50 0.71 0.00 0.13 0.00 0.70 4.07 0.05 0.16 0.03 0.02 0.03 0.36 0.16 0.11 22.40 13.64 0.04 0.03 0.05 62.96 44.59 0.28 0.00 0.05 0.09 3.94 2.57 0.06 1.02 0.72 0.03 0.04 0.01 0.22 0.24 0.13 0.09 0.03 0.04 0.01 0.04 0.02 0.06 0.04 0.77

Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Noble Metal * 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 Northern Light Northern Uran Northisle C&G * Northisle C&G Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* NQ Minerals Pl* NRG Metals* Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex Nrthn Vertex* NSGold NSJ Gold 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* O2Gold O3 Mining Oakley Vent OceanaGold* OceanaGold Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Olivut Res* Olivut Res Omai Gold 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 Original Sixtn* Orla Mining Oroco Res* Oroco Res Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold Outcrop Gold OZ Minerals*

P2 Gold* P2 Gold Pac Bay Mnrls* Pac Bay Mnrls Pac Booker Min Pac Booker Min* Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire Pacific Empir* Pacific Silk Pacific Silk* Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pampa Metals Pan Am Silver Pan Am Silver* Pan Andean Min* Pan Andean Min Pan Global Res Pan Global Res* Pancontinental Pancontinental* Panex Res*

N-O 11060 105 138 196 99 110 329 7 826 32 148 239 33 4405 291 139 223 128 36 20 1628 6438 8 611 90 16 30 66 825 24289 8082 347 133 1 37 332 313 722 80 10 115 90 339 10 3 5 847 67 0 436 26163 304 262 473 881 4 687 4 6779 7228 3615 2629 58 21 91 190 74 817 1287 7 1953 1432 596 19 20

0.01 23.55 0.25 0.17 0.00 15.45 0.01 2.00 2.86 0.28 0.93 1.17 0.00 0.17 0.13 0.17 0.08 0.11 0.09 0.14 0.13 0.17 0.04 0.06 0.06 0.06 0.04 0.00 4.11 1.50 1.89 0.00 0.27 0.00 1.80 4.92 0.14 0.19 0.30 0.05 0.00 3.22 0.58 0.00 23.50 18.47 0.22 0.13 0.00 74.95 59.45 0.50 0.01 0.11 0.14 12.85 10.00 0.22 4.21 3.34 0.33 0.06 0.04 0.42 0.00 0.58 0.46 0.08 0.10 0.00 0.23 0.18 0.10 0.00 0.77

0.01 24.65 0.28 0.23 0.01 16.21 0.01 2.23 2.92 0.29 0.97 1.20 0.57 0.18 0.14 0.18 0.09 0.11 0.10 0.14 0.15 0.19 0.04 0.06 0.06 0.06 0.07 0.11 4.24 1.63 2.06 0.00 0.27 0.00 1.92 5.31 0.17 0.21 0.30 0.05 0.06 3.26 0.63 0.53 24.25 19.30 0.23 0.14 0.05 77.64 61.81 0.52 0.01 0.11 0.14 13.03 10.45 0.22 4.77 3.80 0.37 0.06 0.05 0.47 0.57 0.61 0.47 0.09 0.13 0.05 0.24 0.19 0.12 0.09 0.80

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

(100s)

High Low

Exc Volume

(100s) Stock

Week High

Low

Last

T 45 V 97 V 72 T 381 O 1372 V 336 O 6 O 80 V 480 O 80 V 442 V 337 O 53 O 27 O 491 O 73 V 801 V 876 V 368 V 158 O 258 C 486 O 130 V 1647 V 526 O 141 O 2 V 281 O 569797 V 210 O 101 T 198 C 1448 V 1045 O 189 V 333 C 145 O 37 O 19 V 607 V 61 T 447 O 98 V 4074 O 2684 T 1119 X 4888 T 623 O 712 O 35 O 365 V 174 O 186 V 50 O 6 V 684 V 253 O 194 V 1297 O 601 V 20 C 353 C 312 1021 T X 36470 O 7 V 58 C 3201 O 11 V 997 O 718 N 9231 T 8026 O 127 V 126 O 10 V 152 V 69 C 22 O 2 T 3733 V 317 O 9 V 823 320 O O 12 V 3 V 896 V 429 O 244 C 830 O 144 O 11 V 13 V 90 O 117 O 20 V 20 V 52 O 21 V 558 O 139 V 1211 O 367 O 153 T 215 V 1836 V 487 O 588 V 576 V 389 O 285 V 722 O 2 V 46 C 115 O 0 T 2031 O 204 V 212 T 151 T 43 V 38 O 12 T 186 O 208 O 208 V 1098 O 20 N 2774 T 1098 O 29 V 134 T 1590 O 51 V 382 C 281 V 1309 O 0

1.01 1.00 0.15 1.38 1.14 0.04 0.02 0.02 0.03 0.11 0.14 0.64 0.51 0.06 31.58 0.21 0.27 0.09 0.08 0.50 0.47 0.62 0.03 0.04 0.27 0.22 0.08 0.11 0.00 0.78 0.62 0.06 0.07 0.02 0.23 0.29 0.23 0.18 0.62 0.79 0.14 0.08 0.06 20.50 1.42 11.68 9.31 3.09 0.02 0.12 0.80 0.45 0.36 0.42 0.08 0.08 1.38 1.10 0.38 0.30 0.23 0.31 0.26 0.83 0.66 0.02 0.47 0.02 0.02 0.14 0.11 56.95 71.75 0.24 0.30 0.12 0.30 2.51 0.90 1.54 1.93 0.25 0.21 0.54 0.43 0.07 0.08 0.22 0.23 0.20 0.13 0.10 0.26 0.33 0.20 0.16 0.00 0.40 0.15 0.06 0.08 0.01 0.55 0.45 0.10 0.12 0.09 0.11 0.15 0.20 0.96 0.77 0.16 0.20 0.30 0.19 0.00 4.83 1.56 1.95 4.77 0.32 0.30 0.23 0.31 0.25 0.99 1.28 6.05 11.48 14.40 0.35 0.44 3.08 0.05 0.06 0.52 0.37 17.51

0.97 0.92 0.00 1.20 0.95 0.04 0.02 0.01 0.02 0.10 0.13 0.57 0.00 0.05 30.05 0.20 0.25 0.09 0.07 0.45 0.40 0.50 0.02 0.03 0.23 0.18 0.08 0.09 0.00 0.62 0.50 0.05 0.06 0.02 0.20 0.27 0.22 0.17 0.58 0.72 0.12 0.07 0.00 1.52 1.20 10.72 8.50 2.87 0.00 0.07 0.59 0.38 0.30 0.00 0.07 0.07 1.27 1.01 0.34 0.27 0.23 0.25 0.21 0.74 0.58 0.01 0.44 0.02 0.01 0.13 0.10 53.20 66.92 0.20 0.25 0.06 0.22 2.41 0.70 1.54 1.79 0.21 0.00 0.48 0.39 0.05 0.00 0.19 0.20 0.15 0.11 0.09 0.25 0.00 0.17 0.00 0.00 0.40 0.00 0.06 0.07 0.00 0.51 0.40 0.08 0.11 0.07 0.09 0.13 0.17 0.87 0.69 0.15 0.00 0.24 0.17 0.00 4.47 1.48 1.85 4.49 0.30 0.00 0.00 0.23 0.18 0.85 1.06 5.74 10.72 13.54 0.34 0.42 2.78 0.00 0.05 0.46 0.30 0.00

1.01 0.95 0.14 1.26 1.00 0.04 0.02 0.02 0.02 0.11 0.14 0.57 0.46 0.06 31.12 0.20 0.26 0.09 0.07 0.46 0.42 0.53 0.02 0.03 0.25 0.20 0.08 0.10 0.00 0.75 0.59 0.06 0.06 0.02 0.22 0.27 0.22 0.17 0.59 0.77 0.12 0.08 0.06 19.10 1.29 11.64 9.31 2.88 0.02 0.10 0.79 0.39 0.31 0.36 0.07 0.08 1.35 1.06 0.36 0.29 0.23 0.25 0.24 0.81 0.65 0.01 0.46 0.02 0.01 0.14 0.11 54.49 68.42 0.22 0.30 0.11 0.27 2.49 0.80 1.54 1.92 0.21 0.20 0.52 0.41 0.06 0.08 0.21 0.22 0.17 0.13 0.10 0.26 0.33 0.19 0.16 0.28 0.40 0.14 0.06 0.07 0.01 0.51 0.42 0.09 0.12 0.07 0.10 0.15 0.19 0.96 0.76 0.16 0.20 0.24 0.18 0.25 4.74 1.53 1.93 4.72 0.31 0.30 0.23 0.28 0.23 0.97 1.20 5.91 11.46 14.39 0.35 0.44 3.06 0.04 0.05 0.47 0.32 17.23

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

0.46 0.59 0.10 0.17 2.05 1.56 0.05 0.12 0.09 0.01 0.07 0.05 0.05 0.04 0.80 0.32 0.20 0.16 0.31 0.03 0.02 0.33 0.26 0.49 39.50 31.48 0.13 0.18 0.51 0.39 0.18 0.14 0.00

12-month Change

High Low

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

0.01 0.05 0.00 0.09 0.08 0.00 0.00 0.00 0.01 0.00 0.01 0.05 0.03 0.00 1.92 0.01 0.02 0.00 0.02 0.08 0.05 0.07 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.04 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.03 0.01 0.02 0.01 0.00 1.50 12.94 0.25 0.26 0.18 0.01 0.02 0.20 0.03 0.02 0.00 0.01 0.00 0.00 0.03 0.02 0.01 0.00 0.05 0.02 0.03 0.03 0.02 0.02 0.00 0.01 0.00 0.00 1.55 2.00 0.01 0.02 0.01 0.05 0.04 0.10 0.00 0.03 0.05 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.01 0.00 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.05 0.02 0.00 0.01 0.02 0.01 0.01 0.02 0.03 0.02 0.00 0.00 0.02 0.02 0.00 0.08 0.02 0.05 0.21 0.01 0.01 0.03 0.03 0.03 0.01 0.00 0.13 0.23 0.25 0.00 0.00 0.08 0.01 0.01 0.05 0.05 0.10

2.90 1.19 0.28 2.08 1.65 0.09 0.06 0.02 0.03 0.17 0.21 1.25 0.99 0.15 38.21 0.27 0.32 0.21 0.17 0.76 2.21 2.79 0.12 0.05 0.39 0.33 0.10 0.15 0.00 1.38 3.00 0.10 0.11 0.04 0.30 0.42 0.55 0.38 0.78 1.06 0.23 0.12 0.09 27.40 21.90 18.00 12.85 4.16 0.04 0.13 0.92 0.70 0.55 0.69 0.25 0.18 1.55 1.26 0.72 0.57 0.69 0.37 0.46 3.28 2.49 0.02 0.69 0.05 0.05 0.24 0.19 59.77 74.34 0.38 0.48 0.17 0.37 3.68 0.95 2.86 4.01 0.26 0.21 0.70 0.54 0.09 0.11 0.30 0.75 0.55 0.16 0.13 0.35 0.43 0.31 0.24 0.35 0.53 0.19 0.08 0.12 0.16 0.93 0.75 0.19 0.25 0.26 0.28 0.24 0.31 1.27 1.03 0.24 0.28 0.35 0.28 0.25 7.51 1.78 2.24 5.73 0.70 0.45 0.33 0.39 0.29 1.50 1.65 10.79 13.53 17.50 0.42 0.52 4.85 0.08 0.11 1.55 0.88 18.11

0.97 0.20 0.12 0.62 0.43 0.03 0.02 0.00 0.01 0.03 0.03 0.09 0.06 0.00 23.23 0.08 0.12 0.02 0.03 0.04 0.39 0.25 0.00 0.01 0.07 0.05 0.02 0.03 0.00 0.45 0.16 0.02 0.02 0.01 0.02 0.04 0.21 0.17 0.55 0.29 0.04 0.04 0.03 1.40 0.97 10.18 7.27 1.63 0.00 0.02 0.17 0.13 0.08 0.11 0.02 0.05 0.19 0.15 0.18 0.12 0.10 0.26 0.03 0.39 0.31 0.00 0.07 0.01 0.00 0.04 0.03 29.70 41.50 0.05 0.07 0.02 0.06 1.42 0.12 0.00 1.34 0.07 0.08 0.06 0.04 0.02 0.03 0.15 0.13 0.10 0.04 0.03 0.03 0.05 0.14 0.11 0.28 0.20 0.02 0.04 0.03 0.00 0.25 0.18 0.07 0.10 0.06 0.04 0.05 0.07 0.40 0.28 0.02 0.03 0.04 0.12 0.05 1.95 0.07 0.20 1.63 0.03 0.13 0.09 0.14 0.10 0.43 0.60 0.33 7.08 10.14 0.21 0.30 2.16 0.03 0.04 0.11 0.12 4.15

0.46 0.46 unch 0.55 0.57 0.10 0.10 unch 0.13 0.13 1.96 2.00 + 1.47 1.56 + 0.05 0.05 unch 0.10 0.11 0.08 0.08 0.00 0.00 0.05 0.05 0.05 0.05 unch 0.04 0.05 + 0.04 0.04 unch 0.73 0.75 0.28 0.31 + 0.18 0.18 0.14 0.14 0.24 0.27 + 0.00 0.03 + 0.02 0.02 + 0.27 0.30 0.22 0.23 0.45 0.46 + 36.26 39.32 + 28.71 31.36 + 0.11 0.13 + 0.14 0.16 + 0.45 0.50 + 0.37 0.39 0.16 0.18 + 0.12 0.13 0.00 0.00 unch

0.00 0.03 0.00 0.05 0.19 0.15 0.00 0.02 0.02 0.00 0.02 0.00 0.01 0.00 0.04 0.00 0.02 0.01 0.00 0.01 0.00 0.03 0.03 0.01 0.63 0.60 0.00 0.01 0.01 0.02 0.01 0.01 0.00

0.59 0.90 0.10 0.19 2.60 2.07 0.08 0.15 0.12 0.01 0.21 0.16 0.06 0.04 1.81 0.40 0.34 0.26 1.82 0.03 0.03 0.40 0.49 0.72 53.30 40.11 0.24 0.30 0.72 0.56 0.20 0.20 0.01

0.10 0.08 0.04 0.05 1.33 0.96 0.01 0.03 0.02 0.00 0.04 0.04 0.02 0.01 0.50 0.03 0.12 0.08 0.20 0.01 0.00 0.05 0.04 0.37 19.85 14.02 0.00 0.08 0.09 0.00 0.04 0.03 0.00

P-Q 4 38 1 28 32 27 86 255 233 38 277 347 132 9 102 6941 137 5 176 188 331 1421 344 52 1374 8870 93 1301 639 37 480 24 246

Exc Volume

Week Low

0 120 705 153 0 1170 86 610 45 1441 36 86 2275 419 848 15037 862 44 1 428 97 172 21 116 417 71 607 154 31 46 27319 0 8 79 10 1350 20 1642 15 1 54 42 467 1299 2605 28 176 1614 383 344 42 10 696 0 614 286 2 37 485 148 0 343 173 1437 5639 1988 101 8 26 1228 407 13 92 97 166 57 5 27 9 124 93 27 429 193 117 579 72 4650 10 629 182 120 2172 5412 2773 0 136 1156 316 97 159 161 8 369 468 371 60 44 430 13 144 3 506 312 115 434

0.00 0.17 0.21 0.17 0.00 0.62 0.35 1.04 0.03 0.46 0.04 0.08 0.11 0.20 0.16 3.20 0.06 0.06 0.11 0.15 0.08 0.10 0.25 8.38 6.80 1.07 0.05 0.04 0.09 0.12 0.02 0.00 0.07 0.08 0.61 0.55 0.00 0.28 0.32 90.40 0.18 0.06 0.59 0.73 0.07 0.05 5.08 4.04 0.04 0.23 0.16 4.07 3.26 0.00 0.14 0.13 0.06 0.08 0.25 0.31 0.00 0.15 0.18 2.90 11.01 13.83 0.11 0.12 2.58 3.22 0.06 0.32 0.08 1.13 1.42 0.40 0.31 0.26 6.71 0.27 1.49 0.56 0.12 0.09 0.08 0.29 0.23 0.04 0.16 0.20 1.40 1.75 1.41 1.79 0.11 0.00 0.25 0.20 0.16 0.19 0.24 0.17 0.11 0.31 0.38 0.29 0.23 0.08 0.09 0.95 0.23 0.19 0.12 0.10 0.02 0.97

0.00 0.03 unch 0.16 0.17 + 0.20 0.21 + 0.15 0.16 + 0.00 0.06 unch 0.56 0.61 0.00 0.32 0.98 1.04 + 0.02 0.03 unch 0.37 0.39 0.04 0.04 unch 0.06 0.07 + 0.08 0.08 + 0.00 0.17 0.03 0.11 2.61 3.01 + 0.00 0.06 0.05 0.05 unch 0.11 0.11 + 0.13 0.14 0.00 0.07 0.09 0.09 0.24 0.24 unch 7.63 8.19 6.03 6.50 1.00 1.07 + 0.04 0.04 0.03 0.03 + 0.09 0.09 0.11 0.12 unch 0.01 0.02 unch 0.00 0.10 unch 0.07 0.07 0.00 0.07 + 0.47 0.48 + 0.47 0.52 + 0.00 0.22 unch 0.25 0.27 0.29 0.29 0.00 90.40 0.17 0.17 unch 0.05 0.05 0.47 0.58 + 0.59 0.73 + 0.06 0.07 + 0.00 0.05 + 4.52 5.03 + 3.57 4.01 + 0.03 0.04 + 0.15 0.16 0.11 0.13 3.75 4.04 + 2.95 3.24 + 0.00 0.00 unch 0.12 0.13 unch 0.09 0.10 + 0.06 0.06 unch 0.08 0.08 0.22 0.23 0.28 0.29 0.00 0.00 unch 0.12 0.14 + 0.16 0.18 + 2.72 2.90 + 9.89 10.97 + 12.49 13.77 + 0.10 0.11 + 0.12 0.12 unch 2.19 2.37 2.71 2.97 0.04 0.04 0.28 0.28 0.08 0.08 unch 1.03 1.13 + 1.29 1.42 + 0.36 0.38 0.30 0.31 + 0.22 0.23 0.00 6.30 0.18 0.27 + 1.35 1.45 + 0.56 0.56 0.11 0.12 0.08 0.08 0.07 0.07 + 0.28 0.28 0.22 0.23 0.03 0.03 0.14 0.16 + 0.18 0.19 unch 1.15 1.32 + 1.45 1.68 + 1.06 1.15 1.32 1.41 0.09 0.10 unch 0.00 0.18 unch 0.25 0.25 unch 0.18 0.18 0.14 0.15 0.17 0.18 0.21 0.23 + 0.15 0.17 unch 0.11 0.11 unch 0.26 0.30 + 0.33 0.38 + 0.27 0.29 + 0.21 0.23 + 0.06 0.06 0.08 0.08 0.00 0.75 0.18 0.19 0.18 0.18 0.11 0.12 + 0.09 0.09 0.02 0.02 0.80 0.89 +

V 48 O 3 V 818 V 308 O 2 C 138 O 6 V 19 O 1 O 248 O 696 V 279 C 14 C 128 O 36 V 386 V 334 O 19 V 331 V 2 O 192 C 3680 V 335 V 690 O 299 V 161 O 180 O 406 V 267 V 116 O 0 V 36 V 161 O 35 V 114 V 61 O 350634 V 9 O 0 O 5 O 0 N 8256 O 674 V 266 C 24 O 25 V 233 O 289 O 69 V 251 V 376 O 60 V 108 O 72 V 139 O 40 C 515 C 600 O 13 V 204 C 358 V 1312 V 68

0.36 0.28 0.33 0.26 0.11 0.28 2.40 0.17 0.14 0.01 2.49 0.04 0.12 0.31 0.01 0.52 0.76 2.36 1.07 0.26 0.07 0.09 0.07 0.07 0.06 0.76 0.61 0.82 0.97 0.77 0.00 0.06 0.51 0.11 0.14 0.25 0.00 0.08 0.06 77.80 85.00 78.49 0.61 0.75 0.67 0.54 0.23 0.18 0.20 0.25 0.45 0.10 0.10 4.11 4.97 0.06 0.07 0.04 0.12 0.15 0.25 0.17 0.20

Pangolin Dia V Panoro Mnrls* O Panoro Mnrls V Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Paramount Gold* X Paringa Res* O Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls* O Peloton Mnrls C PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Philex Mng* O Philippine Mtl* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Plateau Energy* O Plateau Energy V Platinex Inc C Platinex Inc* O Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng T PolyMet Mng* X Portex Mnrls* O Portofino Res V Portofino Res* O Power Group* O Power Group V Power Metals* O Power Metals V PPX Mining* O Precipitate Gl* O Precipitate Gl V Premier Gold M T Pretium Res* N Pretium Res T Prime Meridian V Prime Meridia* O 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 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 Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O 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 Batt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quest Rare Mnl* O Questex Gold V

Last

12-month

High

Change

Stock

0.00 0.01 0.01 0.01 0.00 0.01 0.03 0.02 0.00 0.05 0.00 0.00 0.01 0.01 0.02 0.14 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.27 0.25 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.04 0.00 0.02 0.04 2.10 0.00 0.01 0.04 0.05 0.01 0.00 0.26 0.21 0.01 0.05 0.02 0.04 0.05 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.03 0.07 0.40 0.48 0.02 0.00 0.14 0.28 0.03 0.11 0.00 0.04 0.06 0.01 0.00 0.12 0.20 0.10 0.02 0.05 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.17 0.22 0.24 0.34 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.00 0.03 0.04 0.01 0.02 0.01 0.01 0.15 0.05 0.01 0.01 0.00 0.01 0.08

0.04 0.18 0.23 0.20 0.06 1.02 0.74 1.59 0.03 0.84 0.09 0.31 0.42 0.50 0.23 5.30 0.09 0.06 0.20 0.27 0.12 0.15 0.42 20.40 9.45 1.52 0.10 0.10 0.10 0.14 0.05 0.10 0.08 0.12 0.81 0.55 0.35 0.45 0.42 128.00 0.25 0.06 0.78 0.98 0.13 0.08 8.00 6.27 0.05 0.23 0.16 13.00 9.70 0.00 0.26 0.25 0.08 0.10 0.40 0.54 0.06 0.30 0.41 3.48 14.55 19.13 0.17 0.14 2.62 3.34 0.07 0.88 0.15 1.53 1.95 0.50 0.37 0.60 13.50 0.52 2.40 1.35 0.15 0.20 0.17 1.50 0.85 0.08 0.19 0.27 2.07 2.63 2.42 3.08 0.12 0.39 0.65 0.35 4.12 0.27 0.38 0.50 0.30 0.47 0.60 0.38 0.27 0.25 0.33 0.95 0.29 0.19 0.20 0.16 0.06 0.97

0.02 0.05 0.07 0.08 0.01 0.01 0.10 0.55 0.00 0.03 0.01 0.01 0.04 0.07 0.03 0.80 0.01 0.00 0.09 0.13 0.04 0.07 0.00 4.10 5.52 0.73 0.03 0.00 0.02 0.03 0.01 0.03 0.00 0.02 0.06 0.01 0.06 0.10 0.12 64.38 0.08 0.02 0.12 0.16 0.02 0.01 1.70 1.19 0.02 0.02 0.02 3.00 2.10 0.00 0.03 0.02 0.02 0.03 0.13 0.19 0.00 0.06 0.09 1.16 5.56 7.88 0.04 0.03 0.25 0.36 0.01 0.20 0.06 0.37 0.54 0.02 0.03 0.12 1.80 0.10 0.25 0.51 0.07 0.07 0.02 0.25 0.00 0.01 0.03 0.05 0.06 0.18 0.39 0.59 0.03 0.17 0.14 0.04 0.13 0.12 0.18 0.07 0.09 0.04 0.06 0.09 0.05 0.07 0.06 0.70 0.07 0.10 0.04 0.03 0.00 0.35

Rockwealth Res* Rockwell Diam* Rogue Res* 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 Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining RTG Mining * Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

O O O V O O V V O O V V V O T O O D O V O V O T O V O V V O V O

0.05 0.06 0.02 0.02 0.00 0.01 0.35 0.01 0.01 0.00 0.26 0.00 0.00 0.01 0.00 0.05 0.03 0.01 0.08 0.00 0.01 0.01 0.00 0.01 0.00 0.10 0.08 0.01 0.02 0.07 0.00 0.01 0.03 0.02 0.02 0.01 0.00 0.00 0.00 2.27 0.56 0.07 0.01 0.00 0.02 0.01 0.03 0.01 0.01 0.02 0.01 0.02 0.00 0.54 0.19 0.00 0.01 0.00 0.02 0.01 0.01 0.02 0.05

0.50 0.28 0.40 0.38 0.90 0.40 14.50 0.18 0.14 0.12 4.13 0.12 0.25 0.49 0.03 0.68 0.95 4.38 1.74 0.35 1.00 0.09 0.13 0.14 0.11 1.45 1.13 1.35 1.74 1.00 0.06 0.08 0.74 0.27 0.29 0.62 0.01 0.11 0.09 91.94 108.00 92.85 0.85 1.03 1.10 0.83 0.54 0.40 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.10 0.14 0.09 0.19 0.25 0.25 0.23 0.20

0.10 0.06 0.12 0.12 0.01 0.07 0.51 0.05 0.07 0.00 0.45 0.03 0.04 0.26 0.00 0.04 0.20 2.25 0.54 0.07 0.01 0.03 0.05 0.05 0.04 0.55 0.36 0.44 0.50 0.04 0.03 0.04 0.29 0.04 0.07 0.12 0.00 0.02 0.02 43.60 49.40 43.98 0.16 0.22 0.54 0.42 0.13 0.09 0.11 0.15 0.19 0.02 0.03 0.35 0.42 0.03 0.04 0.02 0.05 0.08 0.11 0.09 0.02

Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res* Sable Res Sailfish Rylty Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Lorenzo 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 Savannah Min 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 Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Shine Minerals* Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res 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 One* Silver One Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Viper Silver Viper* Silver Wolf Silver Wolf* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverstar Res* Silverton Met 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 Slave Lake Zn* Snowy Owl Sokoman Min Sokoman Min* Solaris Res Soldera Mining Soldera Mining* SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd* Spanish Mtn Gd Sparton Res* Sparton Res Spearmint Res* Spearmint Res Spey Resources

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

R Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rae-Wallace Mg* Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Red Eagle Mng* Red Moon Res Red Pine Expl Regis Res NL* Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls* 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 Rockland Res Rockridge Res Rockwealth Res

0.30 0.36 + 0.22 0.28 + 0.30 0.31 0.24 0.25 0.11 0.11 unch 0.26 0.27 0.00 2.40 + 0.00 0.16 0.00 0.14 + 0.01 0.01 unch 2.05 2.23 0.04 0.04 unch 0.12 0.12 unch 0.27 0.30 0.00 0.00 + 0.40 0.50 + 0.65 0.74 2.25 2.33 0.95 1.00 0.26 0.26 unch 0.06 0.07 + 0.07 0.08 + 0.06 0.07 unch 0.06 0.07 0.04 0.06 0.66 0.67 0.52 0.53 0.72 0.75 0.90 0.93 0.70 0.70 0.00 0.04 unch + 0.06 0.06 0.44 0.45 0.09 0.11 + 0.12 0.14 + 0.23 0.25 + 0.00 0.00 + 0.00 0.08 unch 0.06 0.06 0.00 76.86 + 0.00 85.00 + 76.47 77.98 0.56 0.58 0.72 0.74 unch 0.62 0.64 0.49 0.51 0.20 0.21 0.16 0.17 0.19 0.19 0.23 0.23 0.42 0.44 0.08 0.10 + 0.10 0.10 unch 3.27 4.09 + 4.17 4.60 + 0.06 0.06 0.07 0.07 0.04 0.04 unch 0.10 0.10 0.14 0.14 0.23 0.23 0.14 0.17 + 0.14 0.15 -

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

2 1150 9 317 2016 123 524 176 22 699 1363 464 1312 226 2179 143 2 2065 200 461 1 444 26 20 11 195 60 4 93 7 10788 916

0.14 0.20 0.07 0.16 0.93 0.41 0.54 0.05 0.04 0.40 0.50 0.17 0.10 0.07 1.62 1.29 0.29 112.07 0.01 0.39 0.07 0.10 0.09 0.18 0.13 0.10 0.03 0.04 4.00 3.19 0.14 0.09

+ 0.10 0.14 0.01 0.03 unch 0.07 0.07 unch 0.10 0.10 + 0.76 0.85 + 0.37 0.41 + 0.47 0.51 0.05 0.05 unch + 0.04 0.04 + 0.35 0.38 0.47 0.48 0.15 0.15 + 0.07 0.08 + 0.06 0.07 + 1.42 1.62 + 1.12 1.28 0.28 0.28 + 104.06 111.45 0.01 0.01 unch + 0.33 0.39 0.07 0.07 unch 0.09 0.10 unch 0.08 0.08 unch + 0.18 0.18 0.13 0.13 unch + 0.09 0.10 0.00 0.03 unch + 0.04 0.04 + 3.44 3.99 + 2.67 3.19 + 0.06 0.08 + 0.04 0.07

1938 1457 477 1323 744 13 138 6 159 64 71 163 242 31 231 300 36 1042 7228 1328 473 55487 380 28 0 138 804 172 106 161 334 605 18 522 194 384 0 31 335 1651 11 1 616 124 54 106 430 138 168 502 30 53 5 31 918 8 8 8 8514 4408 193 557 849 283 25 162 596 67 13 277 132 278 279 1206 1423 2 58 929 629 11 20 4 24 53 180 548 158 260 283 266 82 38 2081 5009 3738 1473 43 5 29 135 494 885 338 2628 328 1568 279 31 35 116 2347 566 40 4 459 1 343 1833 665 521 31 18 32 127 58 5309 1302 103 288 1114 129 1016 2 4385 19 340 1927 1837 69 18 1241 1141 83 4457 896 1663 471

1.91 1.53 0.20 0.25 1.18 0.24 0.30 0.37 0.19 0.15 0.02 0.16 0.16 0.14 0.20 0.24 3.10 8.87 7.06 0.36 0.24 0.01 0.45 0.35 0.00 0.15 0.15 0.26 0.06 0.18 0.22 0.12 0.10 0.95 0.16 0.20 0.44 0.57 21.41 17.06 0.55 0.43 0.23 0.17 0.09 0.03 0.10 0.03 0.04 0.06 0.27 0.32 1.23 0.90 0.54 0.12 0.12 4.75 18.43 0.08 0.10 0.12 3.26 4.10 5.20 0.14 0.18 0.16 0.13 0.78 0.99 1.19 0.95 0.33 0.40 0.01 0.18 0.56 0.69 0.17 0.16 0.19 0.18 0.22 0.15 0.19 0.10 0.06 0.69 0.55 0.39 0.29 6.49 5.17 8.49 10.65 0.13 0.07 0.70 0.11 0.13 0.22 0.18 0.06 0.05 3.38 2.69 0.22 0.11 0.14 0.48 0.38 0.04 0.06 0.29 0.20 0.05 0.39 0.31 9.52 0.99 0.79 0.33 0.40 1.10 0.88 0.15 0.17 0.20 0.04 0.07 0.07 2.15 69.55 0.19 0.24 0.40 0.33 0.82 0.07 0.23 0.29 0.08 0.10 0.13 0.16 0.19

High Low

0.04 0.00 0.00 0.04 0.02 0.02 0.04 0.00 0.01 0.00 0.01 0.02 0.01 0.01 0.09 0.05 0.01 5.51 0.00 0.03 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.34 0.29 0.02 0.02

1.00 0.62 0.10 0.16 1.93 0.60 0.76 0.08 0.06 0.80 0.55 0.36 0.13 0.15 1.92 1.48 0.44 147.64 0.05 0.48 1.24 0.29 0.20 0.22 0.15 0.19 0.07 0.08 6.20 8.70 0.08 0.06

0.04 0.00 0.03 0.04 0.11 0.14 0.07 0.03 0.02 0.13 0.17 0.08 0.03 0.02 0.70 0.50 0.18 86.27 0.00 0.16 0.03 0.03 0.01 0.04 0.01 0.07 0.01 0.01 0.62 0.43 0.03 0.02

0.07 0.04 0.02 0.03 0.02 0.01 0.02 0.02 0.02 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.17 0.24 0.20 0.01 0.04 0.00 0.00 0.00 0.00 0.01 0.01 0.03 0.00 0.01 0.02 0.00 0.00 0.00 0.02 0.01 0.00 0.02 0.52 0.40 0.00 0.01 0.05 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.02 0.12 0.00 0.02 0.01 0.00 0.15 0.03 0.00 0.00 0.00 0.07 0.09 0.10 0.00 0.00 0.01 0.02 0.01 0.01 0.05 0.03 0.01 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.04 0.00 0.22 0.17 0.32 0.38 0.00 0.01 0.00 0.01 0.01 0.02 0.02 0.00 0.00 0.35 0.29 0.01 0.01 0.00 0.08 0.06 0.00 0.00 0.09 0.00 0.01 0.01 0.00 1.13 0.00 0.04 0.02 0.01 0.02 0.03 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.01 0.01 0.07 0.01 0.02 0.04 0.01 0.01 0.00 0.01 0.03

3.54 2.80 0.36 0.39 1.57 0.31 0.40 0.45 0.22 0.17 0.04 0.30 0.40 0.32 0.31 0.40 3.51 14.22 10.63 0.58 0.51 0.02 1.24 0.92 0.14 0.20 0.16 2.00 0.07 0.28 0.35 0.22 0.17 0.95 0.46 0.53 0.56 0.75 29.00 22.86 0.71 0.55 0.37 0.29 0.10 0.07 0.14 0.25 0.06 0.08 0.66 0.85 2.06 1.56 0.70 0.25 0.19 7.72 20.40 0.08 0.14 0.17 3.87 4.92 5.52 0.18 0.22 0.24 0.18 0.90 1.40 2.29 2.51 0.46 0.59 0.02 0.35 0.75 0.94 0.25 0.34 0.40 0.24 0.30 0.37 0.49 0.48 0.12 0.85 1.20 0.40 0.33 11.62 8.91 12.88 16.37 0.30 0.25 1.00 0.20 0.26 0.30 0.22 0.11 0.08 3.95 3.11 0.50 0.20 0.23 0.50 0.40 0.11 0.16 0.25 0.20 0.25 0.45 0.37 9.21 1.02 0.79 0.56 0.72 1.56 1.25 0.15 0.28 0.34 0.06 0.13 0.18 2.33 83.15 0.34 1.45 0.70 0.55 1.39 0.14 0.59 0.77 0.16 0.21 0.36 0.27 0.20

1.14 0.80 0.03 0.06 0.64 0.10 0.14 0.19 0.11 0.08 0.00 0.05 0.08 0.00 0.13 0.18 0.91 7.02 4.96 0.08 0.11 0.00 0.43 0.34 0.04 0.03 0.08 0.20 0.02 0.03 0.06 0.06 0.05 0.07 0.10 0.15 0.19 0.28 12.70 8.99 0.15 0.09 0.03 0.02 0.01 0.01 0.03 0.00 0.03 0.01 0.21 0.10 0.83 0.00 0.10 0.05 0.03 2.53 4.35 0.02 0.03 0.04 0.65 0.90 1.30 0.03 0.04 0.10 0.07 0.46 0.52 0.22 0.83 0.08 0.12 0.00 0.06 0.17 0.25 0.10 0.05 0.07 0.05 0.08 0.13 0.10 0.01 0.03 0.26 0.19 0.05 0.13 4.41 3.11 4.66 6.60 0.00 0.00 0.62 0.09 0.08 0.08 0.06 0.03 0.02 0.78 0.55 0.19 0.04 0.05 0.11 0.08 0.00 0.01 0.04 0.20 0.05 0.06 0.05 1.38 0.30 0.71 0.21 0.27 0.27 0.18 0.04 0.07 0.09 0.03 0.05 0.02 1.13 26.38 0.16 0.19 0.10 0.06 0.01 0.04 0.04 0.07 0.01 0.02 0.01 0.01 0.02

S 1.73 1.36 0.17 0.21 1.14 0.23 0.26 0.35 0.17 0.14 0.01 0.15 0.16 0.13 0.17 0.22 2.79 8.25 6.52 0.31 0.18 0.00 0.43 0.34 0.00 0.00 0.13 0.20 0.06 0.15 0.19 0.11 0.09 0.75 0.14 0.18 0.44 0.00 19.45 15.38 0.54 0.43 0.19 0.14 0.07 0.01 0.09 0.02 0.04 0.04 0.24 0.30 1.05 0.10 0.50 0.11 0.12 4.30 17.16 0.06 0.08 0.11 2.98 3.77 4.91 0.13 0.16 0.14 0.11 0.71 0.90 1.05 0.83 0.28 0.36 0.00 0.17 0.51 0.64 0.14 0.13 0.00 0.00 0.18 0.13 0.17 0.05 0.06 0.62 0.49 0.35 0.28 5.79 4.58 7.45 9.41 0.13 0.03 0.00 0.09 0.12 0.18 0.15 0.06 0.05 2.91 2.30 0.21 0.10 0.12 0.37 0.29 0.04 0.06 0.20 0.20 0.05 0.34 0.27 8.17 0.90 0.75 0.00 0.36 0.96 0.77 0.00 0.14 0.16 0.03 0.05 0.06 2.15 67.42 0.17 0.21 0.35 0.27 0.69 0.06 0.20 0.25 0.07 0.09 0.11 0.14 0.16

+ 1.91 + 1.51 0.18 0.22 1.16 + 0.23 + 0.30 0.35 + 0.19 + 0.15 0.01 0.16 unch 0.16 unch + 0.14 + 0.19 0.23 + 3.10 + 8.84 + 7.04 0.34 0.21 + 0.01 0.44 unch 0.34 0.10 unch 0.14 0.14 + 0.26 0.06 unch 0.15 0.19 0.12 unch + 0.09 0.80 unch 0.14 0.19 0.44 unch 0.55 + 21.34 + 16.99 0.54 unch + 0.43 + 0.23 + 0.16 + 0.08 0.02 0.10 + 0.03 0.04 unch 0.05 0.24 0.30 1.14 0.90 0.52 0.11 0.12 unch 4.45 + 18.43 + 0.07 0.09 0.12 unch 3.16 3.95 + 5.15 0.13 0.17 unch 0.15 0.11 0.76 + 0.98 1.14 0.90 + 0.31 + 0.40 0.01 0.17 0.53 0.67 unch 0.14 unch + 0.14 + 0.19 0.16 + 0.22 0.15 + 0.19 + 0.05 0.06 unch + 0.65 0.50 0.36 + 0.28 + 6.47 + 5.14 + 8.46 + 10.61 0.13 unch 0.07 0.65 unch 0.09 0.12 0.19 0.15 0.06 unch + 0.05 + 3.37 + 2.69 0.21 + 0.11 0.13 unch + 0.46 + 0.37 0.04 unch 0.06 unch + 0.29 0.20 unch 0.05 0.38 + 0.30 + 9.45 0.99 unch 0.75 + 0.33 0.38 + 1.06 + 0.85 0.14 unch + 0.16 + 0.20 0.03 0.06 0.06 2.15 69.41 + 0.19 + 0.24 + 0.40 + 0.32 0.74 + 0.07 0.22 0.26 0.07 0.09 + 0.12 + 0.16 + 0.18

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / APRIL 12—25, 2021

Week

Exc Volume

High

Low

Last

0.02 0.15 0.66 0.46 0.36 17.29 13.68 0.08 0.48 0.37 5.54 4.39 0.00 0.10 3.75 0.07 0.16 0.19 0.01 0.15 0.19 0.04 0.00 0.22 1.40 1.76 0.00 0.05 0.06 0.12 2.01 1.57 0.43 0.35 0.00 0.15 0.27 0.00 0.00 0.15 0.14 0.18 0.00 0.42 0.32 0.33 0.00 0.18 0.15 0.17 0.13 0.00 0.50 0.42 0.30 0.10 0.76 1.00 0.44 0.48 0.39 26.00 20.64 0.48 0.60 0.43 0.40 0.06 0.06 0.19 0.00 0.34 0.42 0.00 0.73

0.02 0.16 0.68 0.50 0.40 19.07 15.22 0.08 0.49 0.39 6.07 4.85 0.47 0.10 4.00 0.07 0.18 0.22 0.02 0.17 0.20 0.05 0.21 0.25 1.48 1.93 0.05 0.07 0.09 0.12 2.16 1.69 0.48 0.36 0.13 0.16 0.28 0.10 0.01 0.15 0.16 0.22 0.00 0.45 0.35 0.33 0.26 0.20 0.16 0.17 0.14 0.78 0.53 0.42 0.30 0.11 0.85 1.08 0.44 0.54 0.41 27.02 21.53 0.50 0.62 0.43 0.40 0.06 0.06 0.20 0.16 0.35 0.44 0.00 0.87

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* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold* Stevens Gold Stinger Res Stone Gold Stornoway Diam* Straightup Res 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* Stuve Gold Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Supernova Met Supernova Met* Surge Battery Surge Battery* Surge Copper * Surge Copper Sutter Gold* Syrah Res*

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

852 127 58 163 29 2103 7350 384 5302 1877 176 145 39 1578 521 41 308 1890 80 85 667 53 30 110 18 774 0 16 257 34 279 48 111 33 26 175 371 142 1229 203 59 787 180 180 57 133 2 738 903 554 71 42 139 27 20 602 134 216 22 691 98 24629 20381 153 355 35 200 299 142 148 18 14 345 32 156

0.03 0.16 0.70 0.55 0.44 19.09 15.22 0.09 0.61 0.49 6.50 5.16 0.48 0.11 4.11 0.09 0.18 0.23 0.03 0.17 0.20 0.05 0.21 0.25 1.48 1.93 0.00 0.07 0.09 0.12 2.39 2.05 0.52 0.42 0.13 0.16 0.30 0.13 0.01 0.17 0.18 0.28 0.01 0.45 0.36 0.35 0.26 0.20 0.16 0.19 0.15 0.78 0.60 0.49 0.30 0.11 0.97 1.08 0.46 0.61 0.48 27.04 21.54 0.51 0.64 0.44 0.40 0.08 0.06 0.23 0.18 0.36 0.45 0.01 0.88

Taiga Gold* Taiga Gold Tajiri Res Talisker Res Talisker Res* Talmora Diamd Talon Metals Tamerlane Vent* Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res* Taranis Res Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines Taseko Mines* TDG Gold

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

36 154 788 1324 69 255 2467 128 139 786 111 3952 30 212 63 110 775 80 277 66 1477 7744 39

0.15 0.20 0.09 0.35 0.28 0.04 0.75 0.00 13.85 0.06 0.78 0.62 0.24 0.29 0.11 0.12 0.13 0.10 0.44 0.36 2.27 1.81 0.44

(100s)

12-month Change

High Low

Stock

Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Telson Res * Telson Res Temas Res Temas Res* Tembo Gold* Tembo Gold Tempus Res Teras Res* Teras Res Terrax Mnrls Terrax Mnrls* Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res Themac Res* Thesis Gold Theta Gold* Thor Expl* Thor Expl Thunder Mtn Gd* Thunderstruck Thunderstruck* Tiger Intl Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture TomaGold Tombill Mines Tombstone Expl* Tonogold Res* Tonopah Div Mg* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res Trailbreaker Trailbreaker* Transatlantic* Transatlantic Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Tri Origin Exp* Tri Origin Exp Trident Gold Trifecta Gold* Trifecta Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* 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

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

0.01 0.00 0.00 0.02 0.02 0.78 0.68 0.01 0.07 0.06 0.07 0.07 0.05 0.01 0.04 0.00 0.01 0.02 0.00 0.02 0.01 0.01 0.00 0.01 0.06 0.12 0.00 0.01 0.02 0.01 0.17 0.12 0.02 0.03 0.00 0.00 0.02 0.01 0.00 0.02 0.01 0.02 0.00 0.03 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.02 0.09 0.09 0.00 0.01 0.02 0.03 0.01 0.04 0.05 0.24 0.24 0.01 0.03 0.05 0.00 0.01 0.01 0.02 0.00 0.02 0.02 0.00 0.04

0.03 0.23 1.05 0.80 0.78 33.69 25.32 0.20 1.19 0.99 6.50 5.16 0.60 0.17 4.60 0.10 0.25 0.38 0.05 0.24 0.34 0.19 0.27 0.35 2.24 2.94 0.51 0.11 0.14 0.14 3.14 2.41 0.92 0.70 0.29 0.38 0.35 0.28 0.01 0.35 0.26 0.38 0.01 0.80 0.60 0.52 0.41 0.33 0.26 0.27 0.21 0.90 0.94 0.72 0.55 0.20 2.20 3.50 1.34 0.61 0.48 29.55 23.69 1.15 1.53 0.89 0.58 0.32 0.24 0.25 0.23 0.65 0.85 0.05 1.10

0.01 0.03 0.27 0.14 0.02 15.72 11.07 0.01 0.03 0.02 0.05 0.05 0.17 0.05 0.51 0.02 0.12 0.12 0.00 0.11 0.15 0.01 0.05 0.08 0.38 0.33 0.05 0.01 0.02 0.04 0.71 1.42 0.05 0.04 0.13 0.15 0.10 0.03 0.00 0.12 0.11 0.06 0.00 0.26 0.18 0.21 0.26 0.03 0.02 0.03 0.02 0.16 0.15 0.29 0.21 0.03 0.60 0.09 0.35 0.15 0.10 14.28 10.67 0.30 0.41 0.14 0.22 0.02 0.03 0.05 0.03 0.04 0.03 0.00 0.12

0.13 0.15 + 0.17 0.18 0.08 0.09 unch 0.32 0.33 0.26 0.27 0.03 0.03 0.67 0.73 unch 0.00 0.00 + 10.76 13.01 + 0.05 0.05 0.73 0.77 + 0.58 0.61 + 0.21 0.23 + 0.26 0.29 + 0.09 0.09 0.11 0.12 0.10 0.12 + 0.08 0.10 + 0.38 0.38 0.31 0.31 2.03 2.26 + 1.60 1.81 + 0.43 0.44 unch

0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.78 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.04 0.04 0.10 0.09 0.00

0.22 0.31 0.23 0.44 0.39 0.15 0.90 0.10 26.25 0.12 2.12 1.91 0.43 1.00 0.16 0.16 0.22 0.13 0.55 0.55 2.63 2.09 0.47

0.08 0.10 0.03 0.28 0.20 0.01 0.08 0.00 3.35 0.01 0.61 0.45 0.18 0.15 0.03 0.04 0.06 0.08 0.05 0.00 0.35 0.24 0.09

T

Week

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

21440 3 7998 192 78 541 1322 474 318 1 198 85 306 304 404 412 2308 0 40 27 73 580 10 17 160 275 2 241 22 30 39 5 187 404 206 208 40 3 0 68 69 299 419 1184 209 4 331 10 106 929 162 232 631 18 8 1 96 61 10 59 23 439 9 20 101 2059 238 66 39 112 131 85 1007 44 0 175 112 390 311 354 570 48 899 243 40 0 26 72 173 70 1289 599 2193 780 723 474 872 4 277

High

Low

Last

19.64 32.90 24.71 0.10 0.14 0.50 0.62 1.20 1.01 0.10 0.13 0.18 0.05 0.07 0.28 0.22 0.07 0.05 0.07 2.32 2.88 3.30 0.09 0.08 1.25 0.26 0.19 0.24 0.18 0.09 0.07 0.14 0.31 0.28 0.22 0.28 0.07 0.68 0.00 0.65 0.46 0.07 0.59 0.08 0.24 2.39 0.27 0.06 13.44 16.89 0.76 0.61 0.09 0.31 0.25 0.05 0.06 0.19 0.16 0.95 0.75 8.00 0.14 0.09 0.17 0.20 0.16 0.19 0.12 0.08 0.11 2.79 2.21 0.09 0.00 0.11 0.09 0.28 0.22 0.14 0.17 0.86 1.10 0.17 0.05 0.00 0.12 0.79 3.29 2.60 0.95 0.76 16.70 20.96 0.05 0.05 0.00 0.04 0.08

18.73 30.03 23.57 0.09 0.12 0.28 0.32 1.01 0.81 0.00 0.11 0.15 0.05 0.06 0.24 0.20 0.06 0.00 0.00 1.65 2.65 2.90 0.00 0.07 1.10 0.15 0.19 0.21 0.15 0.09 0.06 0.00 0.28 0.21 0.19 0.25 0.07 0.66 0.00 0.00 0.42 0.06 0.45 0.07 0.22 2.12 0.20 0.06 12.36 15.52 0.70 0.57 0.09 0.00 0.00 0.05 0.06 0.17 0.14 0.89 0.71 7.59 0.12 0.09 0.15 0.19 0.15 0.17 0.12 0.07 0.10 2.58 2.05 0.00 0.00 0.10 0.08 0.23 0.18 0.12 0.15 0.80 1.01 0.16 0.05 0.00 0.00 0.67 3.01 2.37 0.75 0.60 15.27 19.32 0.05 0.03 0.00 0.04 0.06

19.55 30.73 24.54 0.09 0.14 0.37 0.45 1.03 0.82 0.10 0.12 0.15 0.05 0.07 0.25 0.20 0.07 0.05 0.07 2.32 2.82 3.03 0.09 0.07 1.20 0.21 0.19 0.22 0.16 0.09 0.07 0.14 0.28 0.23 0.21 0.28 0.07 0.66 0.51 0.60 0.45 0.07 0.55 0.08 0.24 2.19 0.23 0.06 13.36 16.77 0.76 0.61 0.09 0.29 0.25 0.05 0.06 0.18 0.14 0.91 0.73 7.70 0.14 0.09 0.15 0.19 0.16 0.19 0.12 0.08 0.11 2.72 2.18 0.09 0.00 0.11 0.09 0.28 0.22 0.12 0.17 0.86 1.07 0.17 0.05 0.17 0.12 0.68 3.14 2.53 0.82 0.65 16.64 20.91 0.05 0.04 0.00 0.04 0.07

12-month Change + + + + + + + unch + + + + + unch + + + unch unch + + unch + unch + + + + unch + unch unch unch + + + unch unch + unch + + + + unch + + + + + + + unch + unch unch unch + + + + unch -

0.50 0.48 0.59 0.01 0.02 0.08 0.09 0.04 0.02 0.01 0.01 0.02 0.00 0.01 0.03 0.02 0.01 0.00 0.01 0.07 0.02 0.10 0.01 0.01 0.05 0.01 0.01 0.01 0.02 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.14 0.00 0.02 0.03 0.01 0.04 0.00 0.03 0.21 0.01 0.00 0.38 0.45 0.03 0.05 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.16 0.02 0.04 0.00 0.00 0.00 0.01 0.00 0.01 0.02 0.02 0.02 0.01 0.00 0.01 0.01 0.05 0.03 0.00 0.01 0.05 0.00 0.01 0.00 0.00 0.00 0.12 0.02 0.03 0.08 0.07 0.35 0.43 0.01 0.00 0.00 0.00 0.01

(100s)

High Low

Stock

23.93 34.75 29.81 0.25 0.34 0.50 0.62 2.27 1.78 0.18 0.30 0.33 0.08 0.14 0.55 0.41 0.07 0.12 0.17 3.80 4.85 4.70 0.10 0.08 1.30 0.70 0.22 0.32 0.34 0.20 0.16 0.30 0.51 0.40 0.24 0.30 0.08 1.50 0.99 1.10 0.50 0.09 0.81 0.11 0.33 3.09 0.45 0.51 19.45 25.52 0.86 0.67 0.15 0.38 0.29 0.05 0.07 0.26 0.20 1.98 1.40 8.35 0.20 0.14 0.21 0.27 0.29 0.40 0.12 0.10 0.13 3.29 2.60 0.12 0.29 0.15 0.11 0.47 0.35 0.34 0.48 1.33 1.82 0.18 0.27 0.19 0.25 0.91 4.51 3.40 1.80 1.33 18.20 22.58 0.06 0.05 0.01 0.05 0.11

U.S. Gold* U3O8 Corp U3O8 Corp* Ubique Mineral 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 Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls 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 Vangold Res* Vangold Res Vanstar Mng Rs Vanstar Mng Rs* Vantex Res 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* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold* Vista Gold Viva Gold* Viva Gold Vizsla Silver Vizsla Silver* Volatus Cap Volcanic Gold* Volcanic Gold Voyageur Min* Voyageur Min Voyageur Min VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

6.65 12.75 9.41 0.07 0.09 0.04 0.06 0.10 0.30 0.07 0.03 0.15 0.03 0.04 0.18 0.12 0.02 0.03 0.03 0.25 0.36 0.61 0.03 0.02 0.52 0.10 0.16 0.14 0.07 0.06 0.04 0.09 0.06 0.04 0.07 0.11 0.03 0.35 0.11 0.15 0.24 0.03 0.15 0.06 0.12 0.85 0.15 0.00 8.27 12.86 0.38 0.26 0.02 0.14 0.13 0.02 0.03 0.13 0.10 0.57 0.62 4.23 0.06 0.05 0.04 0.06 0.09 0.05 0.12 0.01 0.02 1.78 1.27 0.05 0.00 0.05 0.05 0.19 0.15 0.10 0.13 0.42 0.55 0.03 0.04 0.05 0.05 0.05 0.44 0.31 0.37 0.28 3.72 5.30 0.01 0.00 0.00 0.02 0.03

Week

Exc Volume

High

D 217 V 58 O 28 C 108 O 4550 O 399 V 264 T 6624 V 9 O 4 O 245 O 132 V 145 O 1829 C 1991 O 18 X 18206 N 148248 O 36 V 1720 V 149 X 9622 T 682 V 2575 X 23621 O 1748 X 6677 V 1085 O 370 V 1426 O 47 V 781 O 584 V 41 V 195 O 11 N 89180 O 6945 O 284 V 1001 C 810 O 501 V 248 V 49 O 1 O 18 V 89 O 784 V 1654 V 471 O 433 V 72 O 40 O 10 V 116 V 585 O 56 O 12 T 281 O 31 O 128 O 5 V 580 O 175 T 459 O 88 V 675 O 16 C 218 C 5701 O 2038 V 238 O 213 V 134 O 106 V 302 V 1618 O 1489 V 62 X 1448 T 12 O 103 V 60 V 1527 O 608 C 110 O 12 V 470 O 12 C 21 V 398 O 96 V 135 V 32 O 2 V 267 O 93

11.07 0.23 0.20 0.05 27.88 1.38 1.70 0.31 0.19 0.13 0.12 0.28 0.36 0.80 1.00 0.04 1.27 27.40 0.08 0.10 2.67 1.25 1.57 1.25 3.21 0.10 5.58 4.06 3.23 0.05 0.05 0.29 0.02 0.28 0.13 0.12 17.51 0.08 0.29 0.36 0.16 0.08 0.09 0.08 0.07 0.13 0.16 0.46 0.57 1.03 0.84 0.38 0.21 0.38 0.49 0.06 0.05 0.05 1.74 0.04 0.01 0.11 0.14 10.59 13.26 0.45 0.56 0.06 0.07 0.13 0.10 0.32 0.24 0.39 0.12 0.16 0.23 0.19 0.17 1.07 1.34 0.25 0.30 1.69 1.35 0.13 0.38 0.47 0.15 0.34 0.19 0.31 0.37 0.14 0.10 0.14 0.12

Low

Last

12-month Change

(100s)

High Low

Stock

17.40 0.26 0.90 0.08 26.80 2.36 2.97 0.39 0.28 0.23 0.19 0.50 0.67 1.46 1.80 0.05 2.56 27.40 0.15 0.21 4.80 1.57 1.99 1.68 3.67 1.40 14.50 3.74 2.95 0.07 0.06 0.45 0.02 0.29 0.20 0.16 19.00 0.20 0.36 0.45 0.24 0.10 0.14 0.10 0.08 0.19 0.24 0.58 0.73 1.75 2.32 0.38 0.22 0.47 0.61 0.11 0.09 0.06 1.97 1.00 2.00 0.19 0.30 16.09 21.04 0.66 0.83 0.08 0.10 0.60 0.49 0.39 0.31 0.49 0.30 0.38 0.95 0.74 0.22 1.45 1.90 0.36 0.48 2.93 2.14 0.44 0.68 0.93 0.24 0.50 0.35 0.35 0.43 0.19 0.15 0.16 0.13

Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wescan Gldflds Wesdome Gold* Wesdome Gold West High Yld West Mining West Mining* 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* Whitehorse GC Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res Wolfden Res* Wolfeye Res World Copper Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xander Res Xander Res* Xemplar Egy* 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 Zacatecas Silv ZEN Graphene ZEN Graphene* Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * ZincX Res ZincX Res* Zonte Metals* Zonte Metals

Exc Volume

Low

12-month

Last

Change

High Low

W-Z

U-V 9.50 0.20 0.16 0.05 23.81 1.10 1.38 0.26 0.19 0.13 0.11 0.26 0.33 0.63 0.80 0.04 1.00 22.31 0.07 0.08 2.25 1.10 1.40 1.08 2.76 0.07 4.82 2.99 2.35 0.04 0.03 0.26 0.01 0.00 0.00 0.11 16.73 0.05 0.25 0.33 0.14 0.05 0.07 0.00 0.00 0.00 0.15 0.36 0.46 0.91 0.73 0.26 0.21 0.38 0.47 0.06 0.00 0.05 1.41 0.03 0.00 0.11 0.12 9.71 12.25 0.35 0.50 0.05 0.06 0.10 0.08 0.26 0.20 0.36 0.11 0.15 0.19 0.15 0.16 1.00 1.27 0.21 0.27 1.38 1.09 0.11 0.36 0.44 0.15 0.33 0.18 0.26 0.33 0.13 0.10 0.13 0.10

Week High

23

11.01 0.21 0.20 0.05 27.39 1.15 1.44 0.31 0.19 0.13 0.11 0.27 0.34 0.79 0.99 0.04 1.19 25.00 0.07 0.08 2.31 1.19 1.49 1.20 3.21 0.07 5.50 3.73 2.95 0.04 0.04 0.29 0.02 0.28 0.12 0.11 17.12 0.07 0.27 0.34 0.16 0.07 0.09 0.08 0.07 0.12 0.16 0.45 0.57 1.02 0.83 0.38 0.21 0.38 0.49 0.06 0.05 0.05 1.41 0.03 0.01 0.11 0.13 10.40 13.09 0.42 0.53 0.06 0.06 0.11 0.09 0.27 0.21 0.38 0.12 0.15 0.22 0.17 0.16 1.05 1.32 0.22 0.27 1.69 1.35 0.13 0.38 0.47 0.15 0.33 0.18 0.26 0.34 0.14 0.10 0.14 0.11

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

0.78 0.02 0.01 0.00 4.40 0.12 0.12 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.07 2.25 0.03 0.02 0.29 0.04 0.06 0.05 0.16 0.02 0.29 0.67 0.52 0.01 0.01 0.01 0.00 0.03 0.00 0.01 0.38 0.00 0.01 0.00 0.01 0.02 0.03 0.00 0.00 0.02 0.01 0.03 0.03 0.07 0.08 0.14 0.00 0.00 0.01 0.00 0.00 0.00 0.20 0.01 0.00 0.00 0.01 0.41 0.48 0.02 0.02 0.01 0.01 0.02 0.01 0.05 0.03 0.01 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.04 0.04 0.27 0.22 0.00 0.02 0.01 0.00 0.01 0.02 0.04 0.04 0.00 0.01 0.00 0.01

4.48 0.05 0.01 0.04 0.09 0.64 0.70 0.12 0.03 0.02 0.06 0.11 0.13 0.06 0.10 0.02 0.22 5.70 0.07 0.04 1.57 0.36 0.52 0.05 0.51 0.01 0.92 0.88 0.63 0.01 0.00 0.09 0.00 0.10 0.08 0.06 7.36 0.00 0.13 0.18 0.06 0.03 0.03 0.02 0.01 0.04 0.05 0.03 0.04 0.52 0.38 0.15 0.03 0.26 0.28 0.03 0.02 0.00 0.30 0.00 0.00 0.01 0.02 4.32 6.10 0.13 0.20 0.01 0.01 0.05 0.02 0.05 0.03 0.27 0.04 0.05 0.02 0.01 0.01 0.45 0.64 0.11 0.17 0.31 0.22 0.01 0.13 0.16 0.03 0.13 0.04 0.10 0.17 0.03 0.03 0.02 0.01

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

1 92 531 952 3288 12 38 6 80 1213 924 201 336 1578 167 1263 1128 885 173 103 91 6 289 458 2033 201 196 100 99 1 1 1015 828 1 270 83 5 8 363 4 1 4782 15802 12 77 147 35 392 48 2 208 4 6 277 1 1232 2956 965 200 47 1218 1120 55 178 227 1159 534 50 12 76 16 59 435 33 338 8 22 9597 41524 1 0 1334 617 878 209 0 36 38 101 1882 109 300 15 5 188

0.12 0.10 0.11 0.50 0.63 0.21 0.08 0.09 0.07 0.24 0.30 0.12 6.95 8.73 0.17 0.85 0.70 0.09 0.07 1.19 1.60 0.08 0.10 1.69 1.33 0.47 0.11 0.13 0.17 0.13 0.00 2.12 1.66 1.63 0.57 0.46 0.12 0.14 0.25 0.18 3.99 50.18 39.98 0.11 0.57 0.64 0.11 0.14 0.03 1.39 1.85 0.17 0.21 0.10 0.09 0.13 0.11 0.88 0.30 0.24 1.05 0.12 0.09 0.10 0.08 0.10 0.13 0.09 0.00 0.09 0.07 0.28 0.35 0.08 0.14 1.19 1.00 5.66 4.51 1.19 0.00 0.05 1.30 3.00 2.30 0.00 0.19 0.15 0.25 0.03 0.02 0.19 0.14 0.15 0.21

0.04 0.10 0.08 0.09 0.11 0.11 unch 0.41 0.50 + 0.52 0.62 + 0.21 0.21 unch 0.07 0.08 + 0.00 0.09 0.00 0.07 unch 0.18 0.23 + 0.25 0.30 + 0.00 0.12 6.26 6.94 + 7.91 8.69 + 0.13 0.16 + 0.71 0.83 + 0.56 0.65 0.08 0.08 0.05 0.07 1.07 1.17 1.51 1.57 + 0.08 0.08 unch 0.09 0.09 unch 1.56 1.61 1.24 1.30 0.41 0.46 + 0.09 0.10 0.12 0.12 0.00 0.17 unch 0.13 0.13 unch 0.00 0.14 unch 1.33 2.10 + 1.05 1.66 + 1.63 1.63 unch 0.53 0.53 0.00 0.43 0.00 0.12 + 0.14 0.14 unch 0.21 0.22 0.18 0.18 unch 0.55 3.99 + 46.42 50.06 + 36.71 39.90 + 0.10 0.10 0.48 0.48 0.60 0.61 0.11 0.11 + 0.12 0.13 0.02 0.02 unch 1.28 1.33 1.62 1.74 0.15 0.17 + 0.21 0.21 + 0.09 0.09 0.00 0.09 0.11 0.12 0.09 0.10 0.74 0.80 0.27 0.30 + 0.21 0.24 + 0.76 0.79 0.10 0.11 unch 0.05 0.05 0.10 0.10 + 0.08 0.08 + 0.07 0.07 + 0.10 0.13 + 0.08 0.08 unch 0.00 0.00 unch 0.09 0.09 unch 0.07 0.07 0.24 0.25 0.29 0.34 + 0.07 0.08 + 0.13 0.13 1.13 1.17 + 0.00 0.94 + 5.32 5.66 + 4.21 4.50 + 1.19 1.19 + 0.00 0.04 unch 0.05 0.05 unch 1.12 1.24 2.32 2.67 + 1.80 2.17 + 0.00 0.10 unch 0.18 0.18 0.14 0.15 + 0.21 0.21 0.02 0.03 unch 0.02 0.02 0.17 0.19 + 0.14 0.14 0.15 0.15 unch 0.19 0.19 -

0.02 0.00 0.00 0.04 0.04 0.00 0.00 0.01 0.00 0.04 0.06 0.01 0.22 0.21 0.01 0.02 0.00 0.01 0.00 0.02 0.06 0.00 0.00 0.04 0.02 0.01 0.00 0.01 0.00 0.00 0.00 0.59 0.48 0.00 0.04 0.02 0.01 0.00 0.03 0.00 3.44 2.18 1.82 0.01 0.03 0.03 0.00 0.01 0.00 0.07 0.11 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.02 0.19 0.00 0.02 0.01 0.00 0.01 0.02 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.03 0.01 0.02 0.09 0.00 0.00 0.04 0.13 0.13 0.00 0.01 0.00 0.04 0.00 0.00 0.02 0.01 0.00 0.01

0.12 0.11 0.15 1.01 1.35 0.70 0.11 0.15 0.07 0.24 0.29 0.15 11.37 15.00 0.30 1.70 1.16 0.21 0.17 1.99 2.43 0.14 0.19 2.42 1.92 0.69 0.15 0.18 0.31 0.19 0.33 2.04 1.59 2.05 1.25 0.93 0.22 0.30 0.26 0.20 7.00 76.69 57.89 0.11 2.00 1.34 0.12 0.17 0.03 1.43 4.80 0.24 0.30 0.15 0.11 0.20 0.18 2.34 0.36 0.27 1.54 0.26 0.09 0.25 0.18 0.11 0.45 0.20 0.01 0.13 0.13 0.60 0.80 0.11 0.23 1.54 1.22 9.29 7.02 1.19 0.06 0.08 1.89 3.77 2.97 0.22 1.15 0.88 0.28 0.05 0.10 0.20 0.15 0.24 0.33

0.03 0.05 0.07 0.34 0.48 0.02 0.01 0.04 0.02 0.05 0.07 0.03 5.12 7.28 0.07 0.25 0.55 0.04 0.03 0.55 1.24 0.04 0.06 0.53 0.36 0.03 0.07 0.10 0.13 0.11 0.06 0.34 0.25 1.00 0.44 0.32 0.10 0.08 0.04 0.05 0.55 38.32 27.11 0.04 0.34 0.49 0.02 0.02 0.00 0.63 0.57 0.04 0.06 0.05 0.03 0.06 0.05 0.44 0.09 0.05 0.43 0.10 0.02 0.05 0.04 0.02 0.04 0.08 0.00 0.04 0.02 0.20 0.27 0.05 0.03 0.46 0.33 3.87 2.74 0.73 0.02 0.03 1.00 0.26 0.18 0.04 0.13 0.10 0.08 0.01 0.00 0.07 0.05 0.13 0.16

BID-ASK — MARCH 29–APRIL 1, 2021 12-MONTH STOCK

79 Resources Aftermath Silv AJN Resources Alacer Gold Altan Nevada AM Resources Amseco Expl AMV Capital Anglo-Bomarc Antler Hill Apex Res Archon Mineral Asbestos Corp Atlanta Gold Atlantic Indus Aurelius Min Aurex Energy Aust Goldfield Austin Res Avarone Metals Aya Gold Banro Corp* Barker Min Bathurst Met BC Moly BE Res Bearclaw Cap Blackheath Res Boss Power Brunswick Res Bullet Explor C2C Gold Cairo Res Camrova Res Casa Minerals Cassius Vents Centurion Mnls Cerro de Pasc Cerro Mng Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds CROPS Crystal Peak Cyntar Venture Debut Dmds Duro Metals DV Resources Earl Res EastCoal Inc Electra Stone Eurotin Everton Res Evolution Glob Excalibur Res Finore Mng Firestone Vent First Idaho Four Nines Freedom Egy Full Metal Mnl GAR Limited General Moly* Gentor Res

EXC

BID

ASK

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

0.11 0.24 0.22 9.41 0.03 0.06 0.02 0.12 0.08 0.05 0.07 0.25 0.67 0.03 0.03 0.13 0.04 ...

0.09 ...

1.94 0.11 0.01 0.12 0.08 0.20 0.22 0.30 0.17 ... ... ...

0.25 0.01 0.15 0.07 0.05 ...

0.10 0.16 1.45 0.05 3.00 0.01 0.01 0.10 ...

0.17 0.10 0.40 0.10 0.01 0.02 0.10 1.25 0.09 0.12 0.14 0.08 0.43 0.02 0.14 ... ...

0.08

0.13 0.25 0.30 9.52 0.04 0.07 0.04 0.16 0.08 0.05 0.11 0.40 0.85 0.04 0.04 0.14 0.06 ...

0.10 ...

2.19 0.11 0.01 0.15 0.15 0.37 0.28 0.30 0.20 0.05 ... ... ...

0.01 0.16 0.14 0.05 ...

0.40 0.26 3.20 0.07 3.50 0.01 0.02 ...

0.26 0.38 0.13 0.70 0.17 0.02 0.02 0.10 2.50 0.10 0.12 0.17 0.98 0.50 0.02 0.14 ... ...

0.11

12-MONTH

LAST

HIGH

LOW

STOCK

0.14 0.25 0.25 9.47 0.03 0.06 0.04 0.12 0.15 0.06 0.10 0.30 0.65 0.03 0.04 0.14 0.05 0.47 0.09 0.04 2.01 0.11 0.01 0.13 0.09 0.20 0.22 0.20 0.17 0.03 0.03 0.11 0.37 0.07 0.17 0.07 0.07 0.29 0.60 0.16 1.43 0.05 3.25 0.02 0.01 0.19 0.26 0.15 0.12 0.45 0.15 0.01 0.02 0.03 2.00 0.10 0.11 0.17 0.07 0.46 0.01 0.10 0.15 0.11 0.08

0.25 0.33 0.55 10.82 0.05 0.08 0.08 0.26

0.10 0.05 0.15 3.50 0.01 0.03 0.02 0.07

0.17 0.40 0.99 0.04 0.04 0.15 0.07 0.47 0.13 0.15 2.50 2.10

0.04 0.10 0.46 0.03 0.01 0.03 0.03 0.42 0.04 0.03 0.82 0.10

Gespeg Res GFM Res Glacier Lake Global Cop Grp Goldbank Mng Goldbelt Emp Goldblock Cap Golden Cariboo Golden Harp Golden Indepen GoldHaven Res Goldhills Hldg Great Lakes Gr Great Quest Fe Green Arrow Greenshield Ex Grenville Gold Grosvenor Res GrowMax Res High Point Exp Highbury Proj Highvista Gold Hornby Bay Mnl Indico Res Inspiration Mg Intact Gold Inter-Rock Mnl Interconnect Intl Battery Iron South Mng Ivor Explor Jubilee Gold K9 Gold Karam Min Karora Res Knick Expl Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Madeira Mrnls Madoro Metals MAG Silver* Major Precious Margaret Lake Mariner Res Martina Mnls Melior Res Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Minsud Res Mongoose Mg Montana Gold Napier Vent Navis Res Corp Nebu Res Nevado Res New Klondike New Stratus

0.26 0.09 0.20 0.60 0.26

0.03 0.03 0.09 0.10 0.07

0.40 0.15 0.37

0.03 0.03 0.20

0.19 0.10

0.03 0.04

0.34 0.60 0.20 7.17 0.07 3.25 0.03 0.10 0.21 0.27 0.27 0.20 0.55 0.15

0.12 0.08 0.05 0.98 0.01 2.00 0.01 0.01 0.17 0.07 0.13 0.05 0.09 0.09

0.06

0.01

2.00 0.11

2.00 0.01

0.24 0.07 0.51

0.03 0.07 0.10

4.13 100.00 0.08

0.13 0.10 0.03

EXC

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

BID

0.06 0.08 0.10 0.07 0.13 0.02 0.26 0.10 0.22 ... ...

0.18 0.05 ...

0.02 0.16 0.21 0.16 0.04 0.29 0.22 ...

0.08 ... ...

0.06 0.41 0.08 ...

0.24 0.33 0.68 0.17 0.15 0.47 0.01 0.05 0.06 0.03 ... ...

0.20 0.12 ...

0.10 12.52 ...

0.03 ...

0.07 0.07 0.11 ...

0.09 ...

0.16 0.07 0.07 0.09 0.06 ...

0.03 0.14 0.01 0.26

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

0.06 0.13 0.12 0.08 0.20 0.03 0.35 0.12 0.32 ... ...

0.22 0.05 0.01 0.03 0.19 0.25 0.30 0.04 0.50 0.95 ...

0.08 0.01 ...

0.10 0.44 0.30 ...

0.27 0.37 0.82 0.24 0.18 0.48 0.01 0.06 0.15 0.04 ... ...

0.24 0.12 ...

0.12 13.30 ...

0.04 ...

0.17 0.07 0.18 ...

0.12 ...

0.16 0.09 0.25 0.10 ... ...

0.03 0.19 0.01 0.30

0.06 0.07 0.10 0.08 0.13 0.02 0.32 0.10 0.22 0.38 0.42 0.20 0.04 0.10 0.02 0.16 0.25 0.17 0.09 0.28 0.23 0.17 0.06 0.01 0.03 0.08 0.41 0.10 0.31 0.24 0.36 0.68 0.24 0.18 0.48 0.01 0.05 0.05 0.03 1.09 0.24 0.18 0.11 0.03 0.11 12.52 0.42 0.03 0.59 0.07 0.08 0.11 0.05 0.09 0.12 0.15 0.07 0.12 0.10 0.07 0.30 0.04 0.14 0.01 0.30

0.12 0.15 0.19 0.11 0.18 0.05 0.32 0.15 0.44 0.40 0.45 0.24

0.04 0.07 0.08 0.04 0.09 0.02 0.12 0.02 0.06 0.05 0.06 0.08

0.04 0.20 0.35 0.20

0.02 0.14 0.07 0.09

0.39 0.30

0.02 0.23

0.11

0.03

0.12 0.48 0.11

0.03 0.16 0.07

0.28 0.42 0.90 0.28 0.30 0.73

0.04 0.20 0.43 0.16 0.11 0.20

0.13 0.09 0.16

0.04 0.01 0.02

0.27 0.30 0.35

0.13 0.17 0.08

0.20 14.40 0.42 0.09 0.62 0.18 0.08 0.15

0.07 6.12 0.02 0.02 0.13 0.05 0.02 0.07

0.20 0.20

0.04 0.07

0.10 0.22 0.10 0.10

0.05 0.05 0.02 0.04

0.18

0.07

0.62

0.03

NRG Metals NSGold O2Gold Odyssey Res Optimum Vent Ord Mountain Orford Mining Oro X Mining Pac Arc Res Parallel Mng Pasinex Res Pedro Res PPX Mining Primary Energy Quinto Res Rain City Rare Element* Reliant Gold Remington Res Rizal Res Rockland Mnls Ross River Royal Gold RT Minerals Sage Gold Saint Jean Samco Gold Secova Mtls Sennen Potash Sierra Madre Silver Mtn Mns Slam Explor Sonora Gld & S Southern Arc Southstone Min Stans Energy Stria Lithium Stuve Gold Thunder Mtn Gd Tintina Mines Trench Metals Tri-River Vent Trident Gold TriMetals Mng TRU Precious Tymbal Res Vale* ValOre Metals Vanadiumcorp Vatic Vent Venerable Vent Volatus Cap Waraba Gold Western Troy C Westkam Gold Whitemud Res Winshear Gold Xiana Mng Zadar Ventures Zara Res Zena Mining Zinco Mng Zincore Mtls

EXC

BID

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

0.31 0.24 0.23 0.05 0.36 0.30 0.14 0.69 0.11 0.13 0.04 0.12 0.04 ...

0.01 0.07 0.11 ...

0.23 0.01 0.07 ...

0.33 0.10 0.01 0.10 0.01 0.05 0.01 0.19 0.26 0.06 0.09 0.32 0.01 0.01 0.03 0.25 0.10 0.06 0.55 ...

0.12 0.11 0.50 0.03 ...

0.06 0.10 0.05 0.11 0.10 0.19 0.14 0.14 0.01 0.12 0.09 0.40 ...

0.10 0.05 0.05

ASK

0.34 0.34 0.27 0.06 0.41 0.30 0.16 0.69 0.25 0.15 0.04 0.13 0.05 ...

0.01 0.10 0.16 0.02 0.35 0.02 0.08 0.30 0.40 0.10 0.01 0.10 0.04 0.06 1.10 0.19 0.38 0.06 0.09 0.90 0.01 0.01 0.03 0.50 ...

0.07 0.55 0.25 0.17 0.12 0.50 0.03 ...

0.07 0.10 ...

0.20 0.13 0.27 0.23 0.15 0.02 0.14 0.10 0.40 ...

0.15 0.07 0.10

LAST

0.31 0.23 0.23 0.06 0.40 0.20 0.16 0.69 0.16 0.15 0.04 0.13 0.04 0.17 0.08 0.10 0.15 0.02 0.26 0.02 0.08 0.26 0.40 0.10 0.02 0.08 0.05 0.05 0.45 0.11 0.31 0.06 0.09 0.89 0.01 0.01 0.02 0.30 0.12 0.07 0.55 0.04 0.12 0.12 0.29 0.04 10.24 0.07 0.09 0.10 0.10 0.13 0.21 0.14 0.14 0.02 0.14 0.09 0.30 0.07 0.10 0.05 0.05

HIGH

LOW

0.66 0.69 0.37 0.07 0.53 0.25 0.24 0.90

0.24 0.10 0.06 0.03 0.20 0.06 0.02 0.27

0.20 0.09 0.19 0.10 0.82 0.08 0.10 0.89

0.11 0.01 0.09 0.04 0.16 0.02 0.05 0.06

0.35

0.07

0.11

0.01

0.60 0.29

0.22 0.03

0.09

0.02

0.20 0.53 0.16 0.10 0.93 0.04 0.02 0.03 0.55 0.29 0.08 0.22

0.06 0.08 0.01 0.02 0.24 0.01 0.01 0.01 0.21 0.07 0.03 0.04

0.12 0.12 0.38 0.05 11.10 0.13 0.13

0.12 0.03 0.07 0.02 6.57 0.07 0.04

0.15 0.44 0.70 0.33 0.30 0.03 0.15 0.13 0.35 0.22 0.22

0.03 0.01 0.02 0.06 0.08 0.01 0.05 0.04 0.13 0.07 0.04

24

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