The Northern Miner April 4 2022 Issue 7 by The Northern Miner Group

COMMODITY PRICE SPIKES COULD HAVE LASTING MARKET CHANGES / 2 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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APRIL 4 — 17, 2022 / VOL. 108 ISSUE 7 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Ontario announces long-awaited critical minerals strategy | ‘Follow the others’ plan aims to boost the EV sector

ELECTRIC VEHICLES

A Barrick president and CEO Mark Bristow (fourth from left) with employees at the company’s Veladero gold mine in Argentina. BARRICK GOLD

Barrick seals deal with Pakistan to restart Reko Diq copper-gold project after a decade GOLD

| Government expected to acquire Antofagasta’s 50% stake

BY NAIMUL KARIM

arrick Gold (TSX: ABX; NYSE: GOLD) has reached an agreement with the Pakistan government to restart Balochistan’s Reko Diq project, which hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits, the company says. According to Barrick’s president and CEO, Mark Bristow, the project, which was suspended in 2011 due to a dispute over the legality of its licencing process, could be in production in five to six years. “This is a unique opportunity for substantial foreign investment in the Balochistan province,” said Bristow in a press release. “Reko Diq could also be the springboard for further exploration and other mineral discoveries along the highly prospective Tethyan Metallogenic Belt.” In September 2011, Balochistan’s government said that it considered the mining lease application for the project, which Barrick ran along with Chile’s Antofagasta (LSE: ANTO) back then, to be “incomplete and unsatisfactory.” The mining companies, however, considered the decision unlawful and filed arbitration claims at the World Bank International Centre for Settlement of Investment Disputes (ICSID). In 2019, the ICSID awarded US$5.5 billion in damages

The Reko Diq copper-gold property in southwestern Pakistan. TETHYAN COPPER

to the mining companies with an interest of 1% per annum until the award is paid. As the project sets to restart, the penalty will be waived, Pakistan’s Finance Minister Shaukat Tarin said according to a report filed by Thomson Reuters. “If the definitive agreements are executed and the conditions to closing are satisfied, the project will be reconstituted including the resolution of the damages originally awarded by the ICSID,” stated a press release from Barrick. Prior to the denial of the mining lease application, a feasibility study projected Reko Diq would have a mine life of over 50 years with an

estimated initial capital investment of over $3 billion. Studies on the project also envisaged a conventional truck-andshovel open pit operation with comminution and flotation processing facilities producing a copper-gold concentrate. In a separate press release, Antofagasta announced that it had reached an agreement with the Pakistan government to exit the project. The company will be replaced by Pakistani shareholders when the project restarts, while Barrick will hold 50% of the project. “Antofagasta has decided not to See BARRICK GOLD / 6

BY NAIMUL KARIM

s part of its five-year critical minerals strategy announced on Mar. 17, Ontario will invest $24 million over three years in its Junior Exploration Program, half of which will be invested for a critical minerals funding stream, and $5 million for a critical minerals innovation fund. The strategy aims to better connect mines in the north to the manufacturing sector in the south, specifically to Ontario-based electric vehicle and battery manufacturers. It will also look to tap into the EV, batteries, telecommunication and national defence markets and position the province as a “global leader” in supplying the critical minerals. “The Critical Minerals Strategy is our government’s blueprint to connect industries, resources and workers… as we build up homegrown supply chains,” Ontario Premier Doug Ford said in a press release. “Doing so has never been more important as we secure gamechanging investments in our auto sector to build the electric vehicles and batteries of the future.” Ontario has identified 33 critical minerals, including nickel, cobalt, lithium, and rare earth elements. It produced about $3.5 billion worth of critical minerals in 2020 with a mining sector that employs about 75,000 people. The strategy will focus on supporting critical minerals exploration, enhancing geoscience information, improving the regulatory framework, investing in research, building economic development opportunities with Indigenous partners and growing labour supply for the mining sector, the province said in a press release. Support provided under the plan includes: introducing a modernized digital platform for mineral exploration companies to access Ontario’s critical minerals geoscience information; reassessing historical geoscience information to better identify critical minerals deposits; and undertaking new initiatives that target underexplored areas in the province. The government is also committed to investing $250,000 to support the development of two new battery

MINING SECTOR NEEDS TO REBRAND TO ATTRACT GEN Z TALENT / 8

production lines at Electra Battery Materials’ (TSXV: ELBM; OTC: ELBMF) future Battery Material Park near Cobalt, Ont. In addition, it aims to develop a regulatory framework for the recovery of minerals from mine tailings and waste. To attract more workers to the sector, the province will support industry efforts to train underrepresented workers, such as newcomers to Canada and women. The strategy will help Ontario stake “claim to the emerging North American EV battery industry,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. Chris Hodgson, president of the Ontario Mining Association said in a press release that the strategy would localize the supply chain and reduce geopolitical risk for Ontario, while adding that the province’s metals and minerals were “essential for low-carbon technologies and to the green economy.” See ONTARIO / 7 PM40069240

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APRIL 4—17, 2022 / THE NORTHERN MINER

Commodity price spikes could signal lasting market changes: report | Woodmac says volatility could affect capital investment, spot trade, battery chemistry and more

ANALYSIS

Copper cathodes ready for delivery. TIFONIMAGES/ISTOCK/

Copper deficit narrows slightly to 475,000 tonnes in 2021 COPPER

| Exchange stocks near 16-year low

BY HENRY LAZENBY

he global refined copper market showed a 92,000-tonne deficit in December, compared with a 123,000-tonne deficit in November, the International Copper Study Group (ICSG) said in a new data release. For the full year, the market reported a deficit of 475,000 tonnes compared with a 484,000-tonne shortfall a year earlier, the ICSG said. World refined copper output in December was 2.1 million tonnes, while consumption was 2.2 million tonnes. Production amounted to 24.5 million tonnes and 25.3 million tonnes of consumption for the year. The ICSG commented that mine production grew by around 2.3% in 2021 but noted this compared to a low 2020 basis when rolling global lockdowns severely impacted the copper mining industry to stem the spread of Covid-19. The average annual growth over 2019-2020 was only 0.3%. Because of the lockdowns, production in Chile, the world’s largest copper mine producing country, was down by 1.9% in 2021, with concentrate production falling by 1.3% and solvent extraction and electrowinning (SX-EW) output declining by 3.6%, mainly at the Escondida mine. Chilean 2021 total production was 2.8% below that of 2019. Output in Peru, the world’s second-largest copper mine producing country, increased by about 7% primarily since the Peruvian mining industry was one of the most severely impacted by a Covid-19 related lockdown in 2020. Despite the recovery, 2021 production remained 6.5%

below that of 2019. Indonesian output increased by about 49% because of the continued ramp-up of underground production at the Grasberg mine. Substantial increases were also seen in the Democratic Republic of Congo (+12%), Panama (+61%) and China (+10%) due to additional output from new and expanded operations or improved operational levels. The ICSG also commented that the Russian copper industry is mainly centred on three companies, Norilsk, UMMC and the Russian Copper Company. Russian copper mine output has increased by around 28% over the last five years, mainly due to the start-up of two new mines, and reached about 875,000 tonnes of copper in 2021, accounting for about 4% of the total world copper mine production. According to the ICSG, there are currently no copper mines operating in Ukraine, and refined production and usage are estimated at 20,000 tonnes of metal per year. In late March, the London Metal Exchange said it had no immediate plans to ban Russian metals, including copper, from trading on its platform, despite calls from some members to do so. A ban on Russian metal in reaction to its invasion of Ukraine could lead to shortages and further price surges at a time of rising inflation worldwide. The global copper market is already tight, with exchange stocks close to a 16-year low. Prices touched a record high of US$10,845 per tonne earlier in March and traded at US$10,320 on Mar. 18. The red metal last traded at US$10,173 per tonne on Mar. 22. TNM

One month copper price chart

MINING.COM

An employee at the GGV coal joint venture in South Africa. GLENCORE

BY HENRY LAZENBY

lobal research and consultancy group Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tension, could result in long-lasting market changes. In recent months, factors including the Russia-Ukraine conflict, stimulated economies, thriving post-pandemic demand, and ongoing Covid-19 constraints on logistics have put supply chains under immense stress, triggering multiple price records for metals and mined commodities. WoodMac’s vice-president, Robin Griffin, said in a press note that the drastic divergence of price and production cost could not last indefinitely, even if there were an enduring stranding of Russian production. “A look at notional margins miners enjoy suggests that the price rises are fragile at best. Margins are way above historical norms, and such a drastic divergence of price and production cost cannot last indefinitely,” Griffin said. “The disruption to regional and product price relationships also points to price fragility. For example, Asian steel prices remaining flat while iron ore and metallurgical coal prices continue to soar is incongruous, given their influence on steel production costs,” he said. According to WoodMac, the conflict “will undoubtedly” leave an indelible mark on some commodity markets. “A prolonged shift in some Russian trade from Europe to China and India, and a lack of Western participation in the Russian metals and mining sector are near certainties. But even if we ignore for a moment the serious geopolitical impacts on trade, the price shocks themselves will also engender potentially longlasting change,” Griffin said. WoodMac flagged several potential outcomes explicitly stemming from the current commodity price spikes. These include buyers taking a more conservative, risk-averse approach, which could entail a preference shift towards longerterm contracts with less spot trade. Some buyers are also expected to seriously consider vertical integration into supply chains once the uncertainty subsides, while governments may move to increase regulation to manage volatility. WoodMac also suggested that price spikes could result in capital

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expenditure uncertainty. While project incentive prices have been “well and truly left behind” in the current price spike, the consultancy noted that producers and investors typically need to believe that changes were structural before committing. “The extreme volatility may, in fact, have the reverse effect as investors delay decisions until clarity improves,” said WoodMac. Meanwhile, an immediate shift to alternative fuels is possible, particularly thermal coal and pulverized coal injection. Accelerated penetration of alternative technologies is also possible in the power and steel sectors if high prices persist, including the early advent of low-carbon technologies such as hydrogenbased direct reduction iron. Battery chemistry competition may also increase as exorbitant prices for lithium-ion battery raw materials drive manufacturers toward alternative chemistries such as lithium-iron-phosphate. “There are, of course, a range of risks to global consumption from high energy prices that could affect demand for metals and mined commodities,” said WoodMac. Further, WoodMac noted that mine inflation was surging as high prices shifted the focus from cost control and the rise of input costs. “This is true across all mined products, where higher labour, diesel and power costs are already taking a toll. Some participants are privately forecasting that cost inflation will hit record highs,” said WoodMac. Further, price indices are coming under pressure. The London Metal Exchange’s recent decision to suspend nickel trading, and nullify completed transactions, had sent shivers down the spines of exchange users. WoodMac expects it would take

time to rebuild trust, and traded volumes are unlikely to recover immediately. “All price indices in affected commodities will see increased scrutiny,” said WoodMac. Nickel nuance Meanwhile, Fitch Solutions Country Risk & Industry Research reports high-grade nickel consumers are seeking alternatives to Russian supplies as battery-making costs surge with nickel prices. Russia is the leading provider of Class 1 nickel mining, while China is the most significant player for refining. Fitch said in its new report that automakers, battery manufacturers, and industrial consumers would likely forge new business partnerships to source alternatives to highgrade nickel, as Russian supply remained constrained on the back of the Ukraine war. To this end, China-based Tsingshan Group and other companies actively developing the capacity to refine lower-grade nickels are set to benefit. Fitch also flagged shifting importer preferences, self-sanctioning, and a desire to minimize sanctions risks were affecting purchases of Russian nickel exports. As a result, mining and refining operations in ‘safe’ countries with more stable regulatory and trade regimes were likely to benefit. According to Fitch, Indonesia is likely to see increased interest in refining projects due to domestic policy and Tsingshan’s example, but suffers from policy uncertainty. The changing preferences between higher and lower grades will also affect the medium to long-term market forecasts as the market settles and more deals are announced, said Fitch. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 4—17, 2022

Canada’s first EV battery plant coming to Windsor ONTARIO

| Automaker Stellantis and battery manufacturer LG Energy to invest $5B

BY NAIMUL KARIM

tellantis N.V. (NYSE: STLA) and LG Energy Solution will invest over $5 billion to build a large battery plant in Windsor, Ont., with an expected annual production capacity of over 45 gigawatt hours to produce lithium-ion battery cells. Construction of the plant, which is expected to create 2,500 jobs, will begin later this year and the facility will be operational by 2025, Canada’s ministry of industry said in a press release. The federal government’s investment in the project is still being discussed, a ministry spokesperson said. “We are seeing the largest investment in Canada’s auto sector,” Francois-Philippe Champagne, Minister of Innovation, Science and Industry said in a release. “We will continue… to attract other companies and encourage them to set up shop in Canada to help create jobs, generate economic benefits and contribute to a net-zero emission future.” The provincial government is also expected to provide financial support. Experts have urged the Canadian government to invest more to create a strong battery supply chain as demand for electric vehicles (EVs) have increased with the world looking to meet its net-zero goals by 2050. Last year, the federal government set a “mandatory target” for zero emissions vehicles to make up 100% of all new, light-duty vehicles sold in Canada by 2035. In early March, the Mining Association of Canada (MAC), which

Announcing the new electric battery plant in Windsor, Ont. From left: Ontario’s Minister of Economic Development, Job Creation and Trade Vic Fedeli; Windsor Mayor Drew Dilkens; Ontario Premier Doug Ford; federal Minister of Innovation, Science and Industry Francois-Philippe Champagne; and Kim Dong-myung, executive vice-president of LGES. STELLANTIS

includes about 50 of the country’s leading mining companies, urged the government to invest more in critical minerals — required to make EV batteries — ahead of the national budget to avoid “slipping behind” its competitors in the sector. Economist Patricia Mohr, who was vice-president of Scotiabank and is now an independent analyst and founder of the publication Critical Metals for a Sustainable

World, said that the battery plant’s expected production capacity is a lot more than several plants in the United States and Europe. “There are many battery plants that produce about 25 gigawatt hours, but the one at Windsor is 45 and that’s a large plant,” Mohr said in an interview. “This is a very important step.” The sourcing plans for the battery plant are “still under development,”

a spokesperson from Stellantis told The Northern Miner. “Our joint venture with LG Energy Solution is yet another stepping stone to achieving our aggressive electrification roadmap in the region aimed at hitting fifty per cent of battery electric vehicle sales in the U.S. and Canada by the end of the decade,” said Stellantis CEO Carlos Tavares. The multinational automaker was created last year by a merger of Fiat

Chrysler Automobiles and France’s Peugeot SA. Youngsoo Kwon, CEO of LG Energy Solution said that the plant was “critical” for the company’s goal of powering “more EVs around the world.” The South Korea-based battery manufacturing company has a global network spanning across North America, Europe, Asia and Australia with a 23% share of the global EV battery market. “Attracting this multi-billion-dollar investment will secure Ontario’s place as a North American hub for building the cars and batteries of the future,” said Ontario Premier Doug Ford. “We’re also connecting resources, industries and workers in northern Ontario with the manufacturing might of southern Ontario to build up home-grown supply chains.” Drew Dilkens, the mayor of Windsor noted that Stellantis is the region’s largest employer and has a “rich history” in the community. “As the world pivots to EVs, Windsor will soon be home to the battery manufacturing facility that powers it all,” said Dilkens in a press release. Canada Prime Minister Justin Trudeau, in a release, added that partnerships like these were “critical to creating new jobs and putting Canada on the cutting edge of the clean economy.” The investment in the battery cell plant follows recent announcements by BASF and separately, a partnership of GM and POSCO Chemical, to build facilities in Bécancour, Que., to produce cathode active materials. TNM

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NioBay suspends exploration at James Bay project on Indigenous objections ONTARIO

| Company agrees to pause work at critical minerals project and consult with Moose Cree First Nation

BY NAIMUL KARIM

ioBay Metals (TSXV: NBY; US-OTC: NBYCF) has suspended exploration activities at its James Bay niobium project located in the district of Cochrane on the traditional territory of the Moose Cree First Nation (MCFN), following a survey involving residents of the northeastern Ontario community. Results of the survey “indicated an intent to preserve the South Bluff Creek area from any development,” said the company, adding that the MCFN asked to meet with NioBay to talk about ceasing its permitted exploration. “NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community,” the company said in a press release. “This project is still in the exploration phase and the company does not yet have information as to whether an economic operation may be viable at this location. The company will present the results of its exploration when this information is available.” The Montreal-based company said that it was suspending all of its exploration activities until a meeting with MCFN is held and that its board of directors was “evaluating all options” available to the company

Above: The Moosonee information centre at the James Bay niobium project in northern Ontario. NIOBAY METALS/TWITTER Right: A map of the James Bay niobium project in northern Ontario. NIOBAY METALS

regarding the matter. NioBay acquired the 25.9-sq.-km. property in 2016 and completed a preliminary economic assessment (PEA) in 2020. In February, the company began a 15,000- to 20,000metre exploration drill program to convert its inferred resources to the indicated category to complete the project’s prefeasibility study. The PEA evaluated three mining scenarios: open pit, underground and a hybrid of both mining meth-

ods. The early-stage study forecast an annual average 5,470 tonnes to 6,283 tonnes of niobium, a metal included in Canada’s list of critical minerals. The study envisions a capital expenditure of $482 million to $579 million with a mine life ranging from 23 to 30 years. At an 8% discount rate, the project would generate a post-tax net present value of $733 million to $ 1 billion and a post-tax internal rate of return of 21.6% to 27.5% using metal prices of US$45 per kg niobium. The PEA foresees an all-in sustaining cost ranging from $52.93 per tonne of niobium to $75.08. The project’s indicated resources total 29.7 million tonnes grading 0.53% niobium for contained metal of 158 million kg. Inferred resources add 33.8 million tonnes grading 0.52% niobium for 177 million kg. Aside from its James Bay property, NioBay also holds a 72.5% interest in the Crevier niobium project and 47% in the Clairy copper-gold project. Both the early-stage projects are located in Quebec. Following the announcement, the company’s shares fell by 13.5¢ or 43.5%, to 17.5¢. This is the lowest that the company has traded in the last one year, beating its previous low of 26¢. The company has 71.2 million common shares outstanding for a market cap of $12.5 million. TNM

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APRIL 4—17, 2022 / THE NORTHERN MINER

THE VIEW FROM ENGLAND

EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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Mining’s latest pivot means adjusting to a higher-cost world

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ining was one of few industries that saw relatively little disruption at the start of the global Covid-19 pandemic in March 2020. And although miners endured commodity price volatility, they enjoyed low or stable costs in the early part of the pandemic (remember the first-time-ever negative oil price of April 2020, when West Texas Intermediate went down to BY ALISHA HIYATE -US$37.63 per barrel?). Lower input costs — as well as cost control efforts by miners — led to record profits, share buybacks and beefed up dividends to shareholders. But inflation has returned. Last year, a combination of Covid stimulus funds, supply chain stresses, pent-up demand and a loosening of Covid restrictions pushed inflation rates in the U.S. to 7%, up from 1.3% in 2020. In January — before the Ukraine war started — U.S. inflation reached 7.5% — its highest level in 40 years. (The inflation rise has been more modest in Canada — from 0.7% in 2020 to 3.4% in 2021, but according to the World Bank, high inflation is widespread, with 15 of 34 countries classified as advanced economies experiencing 12-month inflation of above 5% last year). And then on Feb. 24, Russia attacked Ukraine — pushing commodities prices to record highs and fanning inflation higher. At the mine site, the costs of key inputs have risen dramatically from their 2020 pandemic lows, when Covid lockdowns caused a period of deflation. In a mid-March research report, Big Global Miners — 3 Big Issues: Growth, Future Portfolios & Costs, Bank of America highlighted a 350% rise in fuel (Brent crude); a more than 600% increase in sulphuric acid (in Chile); a 300%-plus increase in steel; and a 400%-plus increase in spot LNG in Europe from their lows two years ago to recent highs. While central banks are finally starting to raise rates to combat inflation (the U.S. Federal Reserve raised rates in mid-March by 0.25% to 0.5% — the first rise since 2018 — and the Bank of Canada did the same in early March), they may now be forced to move more cautiously to balance the added economic and political risk and uncertainty introduced by the Ukraine war. And if the Western world is serious about shunning Russia for its unprovoked aggression in Ukraine and its egregious violations of international norms, and continues to cut Russia out of trade and financial markets — even after some type of resolution is achieved — it will only add to inflationary pressures that miners (and everyone else) are already dealing with. A deglobalizing world According to analysts at MSCI, a leading provider of investment analysis tools and services, the world has been in a deglobalizing trend since 2015. The pandemic accelerated this shift, and Russia’s actions in Ukraine have served to further cement it. There are risks that come with a less integrated world economy, Román Mendoza, senior associate, Americas Regional Index Research with MSCI wrote in a December blog post. “Deglobalization may… mean that national markets are less vulnerable to external shocks, but this would come at the cost of increased vulnerability to domestic economic conditions. Trade flows could become more regional in nature as supply chains shorten, and, in general, cross-border trade and investment would be lower,” he wrote. “While global supply chain disruptions [caused by the pandemic] have resulted in scarcity and higher prices, we can’t ignore that pro-globalization trends likely helped keep inflation at bay for several decades, as lower-cost producers increased supply for advanced economies. If the trend toward deglobalization continues, it could cause a supply-side shock. In addition to shortages, the lack of global competition and a long-term reduction in trade could add to inflation pressure, as well as slower innovation cycles and lower long-term GDP growth.” In his letter to shareholders in late March, BlackRock CEO Larry Fink also highlighted the risks of a less integrated economy in light of Russia’s actions writing “...Decoupling will inevitably create challenges for companies, including higher costs and margin pressures. While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary.” Inflation isn’t all bad for miners, however, as BofA pointed out in their report, even as it notes that some miners are guiding for double-digit cost increases year-over-year. “Perhaps counter-intuitively, we think this is a bullish thing for the space as increasing costs equal steeper cost curves and higher price expectations,” BofA analysts wrote. “Higher costs tend to steepen cost curves [which] equals higher marginal cost, in theory less willingness to supply the marginal tonne. That said, for any particular company, to the extent that the market has underestimated costs while modelling higher revenues, this could lead to disappointment on earnings day.” Capital costs are also rising as seen in several recent examples including Argonaut Gold’s Magino gold project and Iamgold’s Côté gold project, both in Ontario, as well as Teck Resources’ QB2 copper project in Chile. BMO Capital Markets analysts noted that several miners and juniors at the BMO Global Metals & Mining conference that concluded in early March forecasted capex inflation in the range of 20-25%. For now, however, miners are still recording healthy profits thanks to high commodities prices, with WoodMac recently flagging miners’ margins as “way above historical norms.” While they have a tricky juggling act to pull off as they look to replenish reserves and build capacity needed for an increasingly electrified but higher-cost world, at least miners will be making their latest pivot from a position of strength. TNM

COLUMN

| Gold’s copper foil

BY DR. CHRIS HINDE Special to The Northern Miner

ike opposing characters in a literary plot, gold and copper highlight aspects of the other’s attributes and values. Writers frequently use opposing characters to build drama or create conflict, classically as foils and antagonists. The latter is a character who is in direct opposition, and whose actions hinder the protagonist. A foil is a character who accentuates the qualities of the protagonist (being named after an old jewellery trick of setting a gem on a foil base to enhance its shine). Good examples of foils in literature are Dr. John Watson to Sherlock Holmes in Sir Arthur Conan Doyle’s detective stories, and George Milton and Lennie Small in John Steinbeck’s Of Mice and Men. The latter characters are best friends but opposites physically and emotionally. William Shakespeare often used opposites to emphasize the differences in his characters. At the beginning of Romeo and Juliet, for example, Benvolio tries verbally to stop a fight between Abraham and Sampson, while Tybalt draws his sword. In the mining universe, we can agree that gold and copper are foils for each other, rather than antagonists. Their relationship is close, but they reflect different aspects of economic and political sentiment. According to the popular adage, copper has a doctorate in economics, with an ability to predict turning points in the global economy. This proverb stems from the metal’s widespread usage, from power generation and electricity distribution to iPhones, making Dr. Copper an early indicator of global optimism. In contrast, the price of gold has historically benefitted from the exact opposite, with the precious metal gaining from political and economic turmoil. Despite war in Europe, gold is struggling to break through US$2,000 per oz., while the price of copper touched an all-time high of US$10,730 per tonne (US$4.87 per lb.) on Mar. 7. The price of the red metal has been on a strong rising trend since falling to US$4,800 per tonne in March 2020, and is widely predicted to break through the psychologically important US$5 per lb. mark (US$11,023 per tonne) by August. As a result, gold recently traded at barely 6,000 times the price of copper. This is approaching the recent low of 5,800 recorded in May 2018, and contrasts with the multiple of

nearly 11,000 two years ago. The current price multiple represents the typical relationship between the two metals for much of the 1990s. Based on monthly averages, gold traded at a price of circa 4,000-7,000 times that of copper from late 1987 to mid-2005, before gold collapsed to multiples of below 3,000 in 2006-07. Relative to copper, gold then enjoyed a 13-year bull run to mid-2020. In part, this price disparity reflects the relative scarcity of the two metals, with the base metal being 15,000 times more abundant in the Earth’s crust than the precious metal (60 parts per million compared with gold’s 0.004 ppm). For reference, a 10,000 price multiple would make 1 gram per tonne of gold the equivalent value in mined ore of 1% copper. Both metals will be watching the war in Ukraine with interest. In its recently released Commodity Briefing Service on copper, S&P Global Market Intelligence observed that Russia’s invasion is “adding strain to a copper market already stressed by low visible stocks and Latin America supply concerns.” SPGMI noted that Russia is the world’s fifth-largest producer of refined copper, with about 30% of its exports going to China and most of the remainder historically going to Europe. Russia is also the eighth largest minedcopper producer, with output this year forecast to rise 11%, year over year, to 893,000 tonnes. Gold is also watching the Ukraine, and sanctions, carefully as Russia is the world’s third-largest producer of the precious metal, accounting for 9.3% of the global output of 102.9 million ounces last year. According to SPGMI, the country had an output of 9.6 million oz. in 2021, with the other leading national gold producers last year being China with 10.6 million oz., Australia at 10.3 million oz., Canada with 6.6 million oz. and the United States with 6.1 million oz. Despite their very different characters, and like John Steinbeck’s George and Lennie, gold and copper are surely the best of friends. After all, they are often to be found together (being grouped in the middle of the periodic table’s Group 11), and are only separated by their colleague, silver. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX Agnico Eagle Mines. . . . . . . . . . . . . . .12,16

Los Andes Copper . . . . . . . . . . . . . . . . . . . 8

Anacortes Mining . . . . . . . . . . . . . . . . . . 12

Moneta Gold. . . . . . . . . . . . . . . . . . . . . . . 14

Anglo American. . . . . . . . . . . . . . . . . . . . . 7

New Found Gold . . . . . . . . . . . . . . . . .14,15

Antofagasta . . . . . . . . . . . . . . . . . . . . . . . . . 1

Newcrest Mining . . . . . . . . . . . . . . . . . . . . 9

Ariana Resources . . . . . . . . . . . . . . . . . . . 10

Newmont. . . . . . . . . . . . . . . . . . . . . 10,11,16

Augusta Gold . . . . . . . . . . . . . . . . . . . . . . 12

NextSource Materials . . . . . . . . . . . . . . . . 7

B2Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

NioBay Metals . . . . . . . . . . . . . . . . . . . . . . 3

Barrick Gold . . . . . . . . . . . . . . . . . . . . . . .1,6

Northern Star Resources . . . . . . . . . . . . 16

BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Novo Resources . . . . . . . . . . . . . . . . . . . . 15

Cornish Metals . . . . . . . . . . . . . . . . . . . . . . 7

O3 Mining. . . . . . . . . . . . . . . . . . . . . . . . . 15

Electra Battery Materials . . . . . . . . . . . . . 1

Orla Mining . . . . . . . . . . . . . . . . . . . . . .9,15

Emgold Mining . . . . . . . . . . . . . . . . . . . . 15

Osisko Metals . . . . . . . . . . . . . . . . . . . . . . . 6

Fosterville South Exploration . . . . . .12,13

Osisko Mining . . . . . . . . . . . . . . . . . . . . . 16

Freeman Gold. . . . . . . . . . . . . . . . . . . .10,15

Palisades Gold . . . . . . . . . . . . . . . . . . . . . 14

DEPARTMENTS

Fresnillo . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Pure Gold Mining . . . . . . . . . . . . . . . . . . . 6

Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Professional Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Market News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Metal, Mining and Money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Stock Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20-23

G2 Goldfields . . . . . . . . . . . . . . . . . . . .13,14

Skeena Resources . . . . . . . . . . . . . . . . . . . . 9

Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Stellantis . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

GoGold Resources . . . . . . . . . . . . . . . . . . 14

Talon Metals . . . . . . . . . . . . . . . . . . . . . . . . 7

Imperial Metals . . . . . . . . . . . . . . . . . . . . . 9

Vale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 4—17, 2022

Local justice in Bulgaria in the 1990s ODDS ‘N’ SODS

| Close-knit Turkic community helps exploration geos get their stolen stuff back

BY RALPH RUSHTON

Special to The Northern Miner

y the start of 1995, I’d been working as an exploration geologist for Rio Tinto in Turkey for about 18 months. I was unhappy with the terms of my employment — which were rubbish — and to top it off, Rio decided that year to “localize” a lot of expat contracts. This meant slashing salaries and generally being dicks to anyone who wasn’t a full-time expat employee under an existing contract. Hence, I was feeling less than 100% devoted to them. And then the cavalry arrived. Some drinking buddies who ran Anglo American’s Turkish office offered me a job in Bulgaria. The offer was substantially higher than my pitiful Rio salary, so after a quick nose scratch — it would’ve been impolite to say yes immediately — I signed the contract and enjoyed a jolly nice dinner with my new boss Owen and his wife. A few weeks later I was across the border in Sofia, renting a grotty communist-era third floor apartment. It was tastefully decorated, painted Moscow-approved peppermint green, offset by bright orange tiles in the bathroom. Post-communism Sofia was grim; not as grim as the rest of the country but grim nonetheless. It was grey and shabby with no produce in the shops in the winter and only a handful of semi-decent pubs and restaurants to take the edge off the cold grimness. The gorillas of organized crime were everywhere; muscle-bound idiots in black leather jackets and heavy gold necklaces, driving shiny new western sports cars in a city full of ratty Trabbies. And sooner or later they’d show up at our favourite bars to spoil the party. We’d arrive at our regular spot for our usual Friday night soirée and there they’d be, a table of enormous meat heads with guns and silicon-enhanced girls draped around them. Late that summer, our small team headed to the southwest of the country to explore for sediment-hosted gold close to the borders with Greece and Macedonia. We rented a house for a few months in the town of Ognyanovo. The owner of the house was the local mayor. An interesting character, he would show up at odd times in the evening with a couple of local prostitutes in tow who were offered to us for free. There were regular heated but polite discussions between him and my Bulgarian colleagues as we declined their services, but I will admit we were more than happy to accept his home-made slivovitz (plum schnapps.) The house had one huge selling point for sweaty geologists; the entire basement was a hot spring. A large water pipe brought naturally warm water from an underground source into the cellar, which had been converted into a giant Romanesque wall-to-wall hot tub. The basement stairs led directly into 3 feet of warm, sulphurous water. After a day of sampling or prospecting work, it was great to have a nice soak while sipping a cold beer. Large swathes of southern Bulgaria are ethnically Turkish, and the people still speak Turkish as their first language. Between 1984 to 1989, the communist administration put enormous pressure on their Turkish minority to “Bulgarianize” their names. It was called the Process of Rebirth, although they seem to have forgotten to ask their Turkish compatriots if they wanted to be reborn as non-Turks. As with similar “assimilation” efforts around the world, the objective was to erase their Turkish cultural heritage.

Ralph Rushton (middle) and the Anglo American exploration team in Bulgaria. RALPH RUSHTON

“WE LEFT A LOT OF OUR STUFF IN THE TRUCK, INCLUDING PASSPORTS, MONEY AND LUGGAGE AS WE THOUGHT THE TRUCK WOULD BE SAFE WHERE WE’D PARKED IT (SPOILER ALERT, IT WASN’T).” RALPH RUSHTON

I’d lived in Turkey for close to two years, exploring along the Black Sea coast for copper and precious metals. I was familiar with the culture and loved Turkish hospitality. Ognyanovo wasn’t Turkish, but there were Turkish communities nearby, and we ended up in one a few days later, close to the Greek border in an area criss-crossed with attractive tree lined farm roads. The village had an attractive mosque with a white minaret. (I can’t for the life of me remember who worked with me that day. I’ve asked all of my Bulgarian colleagues from the time but none of them recall the episode. No matter.) We parked our beaten-up Lada truck under some poplar trees to keep the sun off and grabbed our packs and sampling gear for the day’s traverse. We left a lot of our stuff in the truck, including passports, money and luggage as we thought the truck would be safe where we’d parked it (spoiler alert, it wasn’t.) It was a glorious sunny day that promised to be uncomfortably hot, so hats and sunscreen went on. Our traverse took us up into some limestone hills. We knew the carbonates hosted Carlin-type gold systems in other parts of southern Bulgaria, so the objective was to prospect for jasperoids and sanded carbonate rocks — possible evidence of gold mineralization, but it was an unremarkable day from a geological perspective. Lots of dead limestones with nothing obvious in the way of alteration or mineralization. Eventually we stopped for lunch at the top of a hill in a small round depression hollowed out of the limestone rubble. It was a perfect spot for lunch, albeit a bit exposed to the sun. The hole was obviously man made, but old; lichen covered the rocks. We took in the view as we munched on dark local bread and hard, fatty sausage with a few tomatoes we’d scrounged at the village. The 360-degree outlook was amazing; we could see down across the Greek border toward Thessaloniki, over miles and miles of limestone hills. Done with my modest lunch, I

lay down on a large, sloping slab of limestone to take a brief nap before the afternoon’s fieldwork. Which is when I saw the graffiti. Scratched into the face of the slab was a swastika. It was covered in lichen, but it was clearly a swastika, nestled within a large letter V. We had a quick hunt around and found others on some of the larger slabs. Apparently, we’d stopped for lunch in an old Nazi German observation post or machine gun nest. The border region had been awash with partisans in the Second World War, and it must have been a lonely spot for the young German squaddies posted up there to keep watch on the rebellious Greeks. It was easy to picture them, scratching away with their bayonets during the long, tense days waiting for trouble to kick off. The afternoon wore on. The hot sun and barren rocks eroded our enthusiasm for the traverse, so we decided to head back to the village to grab the truck and drive back to Ognyanovo for a soak in the hot spring. Our little blue Lada truck was where we left it but not so our belongings. The truck was empty. Passports, gear, money: all gone. Someone had jimmied a window — which isn’t difficult for a Soviet-era Lada — and cleaned us out while we were away. To say I was pissed off would be an understatement. The cash I needed for a two- to three-week field stint was gone along with my passport and permanent residence papers, which were always needed in a country that delighted in the sadistic application of pointless red tape. So, feeling like an idiot for leaving my stuff in the truck and less than charitable toward the bastards that nicked it, off we went to the village looking for a policeman. When we got there, it took only a few minutes for someone to come over and ask if we needed anything. I said “Hello, how are you?” in my simple Turkish, which drew a few interested glances. Then my colleague explained what had happened and told them we were looking for the local police to report the crime to. Now, it’s important here to remember that 1) the village was Turkic and the police force was largely Bulgarian (whatever that is), and 2) there was a lot of bad blood between the Turks and the Bulgars for good reason. So, when the word “police” was mentioned there were some furtive glances exchanged in our growing crowd of onlookers, accompanied by lots of muttering and some louder, heated exchanges in Turkish. The word had touched a nerve. An elderly man with an orange beard spoke to us. He was the village Mukhtar, or chief. The dyed beard signified that he was a Haji who’d completed the pilgrimage to Mecca. In broken Bulgarian, he politely asked that we not involve the police just yet. The village folk wanted a chance

Ralph Rushton doing mapping work in Bulgaria. RALPH RUSHTON

to sort this out themselves because theft from travellers brought shame upon the village. If we agreed, they guaranteed to return our things. I reluctantly concurred, skeptical that they come through with the goods. They suggested a couple of hours might be needed to find the perpetrators so in the meantime, we were their guests. We were seated on wooden chairs under a shady tree and tea and cake appeared from nowhere. The Mukhtar made polite conversation with us while the newly appointed village detectives disappeared purposefully into the village on a man hunt; they seemed to have a good idea who they were looking for. An hour later, a small group of villagers arrived back, heading our way. In the middle were two teenage boys, literally being dragged along by their ears. They were carrying two bags, our bags, loaded with our stuff. The bags were placed at our feet, and some old school smacks around the back of the head were meted out by the elder to a soundtrack of tutting and bad-tempered name calling directed at the boys. When one kid had the temerity to complain he got a swift kick in the arse to realign his attitude. We checked through the stuff. It was all there, even my passport, except for the contents of my wallet. My Bulgarian leva and some U.S. dollars were gone. It wasn’t a huge amount for us, but in a small village in rural Bulgaria it was a couple of months money for a family. I pointed out the absence of cash. More swift slaps were administered and off they went again, with a few more kicks up the backside to help them on their way. When they came back, it was all present and correct. We had

everything back, just as promised. The Mukhtar apologized profusely. The kids had seen our truck under the tree and figured they could help themselves. But this was NOT how his village was and he was deeply embarrassed that it had happened on his watch. There were some veiled comments about how it wasn’t over for the two boys and they’d soon learn not to do it again. The assembled parents and other folk all stepped forward to take turns to apologize and shake our hands, and then the boys were pushed in front of us, eyes downcast, and made to swear they’d never do it again and could we please forgive them and not tell the police? We agreed, that in the changed circumstances, it wasn’t necessary. The Mukhtar sighed a huge sigh of relief and clipped one of the boys again for good measure. I was left with some fond memories of that village. After months of watching the untouchable mafia swanning around Sofia in their Porsches, it was refreshing to come across some simple bucolic honesty and an oldfashioned approach to resolving a problem in a village where everyone knows everyone else’s business. God only knows how the kids thought they’d get away with it because they really had nowhere to hide. TNM —Ralph Rushton is a geologist and has worked at mines and exploration projects around the world including stints in South Africa, Turkey, Bulgaria, Yemen, Iran and Pakistan. He is currently the president of Aftermath Silver, a silver development company with projects in Chile and Peru. In his spare time, he writes about mining and exploration for his popular blog, urbancrows.com.

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APRIL 4—17, 2022 / THE NORTHERN MINER

Osisko Metals confirms expansion potential with Pine Point drilling

Struggling junior Pure Gold needs to raise $50M to keep its Red Lake mine running ONTARIO

| Junior also signs purchase option for Gaspé copper mine in Quebec

BASE METALS

| High-grade operation has been unable to feed the 800 tonne per day mill consistently

Osisko Metals’ Pine Point lead-zinc project in the Northwest Territories. OSISKO METALS

BY JACKSON CHEN

sisko Metals (TSXV: OM; US-OTC: OMZNF) has provided further results from definition drilling at its Pine Point base metals project in the Northwest Territories. The program is required to upgrade inferred resources to indicated, so that they can be included in an upcoming feasibility study. The latest results are based on drilling in late 2021 within the Central zone and the East Mill zone, highlighted by 9 metres grading 11.92% zinc and 25.49% lead from 50.7 metres deph; 6 metres grading 14.96% zinc and 5.02% lead from 64.7 metres; 8 metres grading 8.2% zinc and 0.37% lead from 15.3 metres; and 3.7 metres grading 14.04% zinc and 3.63% lead from 19.7 metres. “We are still impressed with the continuity of mineralization as the definition drilling confirms extent and grade distribution. Results to date also indicate significant potential to expand mineralization beyond current mineral resources through additional drilling,” Jeff Hussey, president and chief operating officer of Osisko Metals, said. To date, Osisko has completed approximately 60% of the required infill drilling to convert the resources to the indicated category, and is drawing close to completing an updated preliminary economic assessment (PEA) on the project. The 2020 PEA estimated the Pine Point project’s after-tax net present value (NPV) at $500 million (at a

discount rate of 8%) and its internal rate of return (IRR) at 29.6%. This was based on an initial capital cost of $555.7 million and resources of 12.9 million tonnes grading 6.29% zinc-equivalent in the indicated category and 37.6 million tonnes grading 6.8% zinc-equivalent in inferred. Gaspé copper mine In March, Osisko signed an option to purchase the former Gaspé copper mine, located near Murdochville in northern Quebec, from Glencore Canada. Osisko will make an up-front payment of US$25 million to be paid by way of a convertible note when the arrangement closes. A further US$20 million will be payable upon the start of commercial production at the mine. Osisko must also spend $5 million on drilling at the property before the end of June 2022. Osisko believes there is substantial exploration and resource development potential at the underground Gaspé mine and the former Mount Copper open pit, the highergrade Needle Mountain and E zone underground mines, as well as the undeveloped Porphyry Mountain bulk tonnage deposit. Production at Gaspé began in 1955 and lasted until 1999. During that time, a total of 150 million tonnes of ore averaging 0.87% copper with minor gold and silver credits was extracted. The project produced 2.8 million tonnes of copper anode. The smelter continued to operate as a toll facility until 2002.TNM

The headframe at Pure Gold’s mine in northwestern Ontario. PURE GOLD MINING

BY NAIMUL KARIM

hares of Pure Gold Mining (TSXV: PGM) fell to their lowest in a year after the company announced it will need to raise funds within the next 30 days to fund its operations and service the interest on its debt. The company, which operates the high-grade PureGold underground mine, located in Red Lake, Ont., said its cash balance stands at about $9 million. “Over the next six months [Pure Gold] will require approximately $50 million of external financing to bring the company to a state of sustainable positive free cash flow at the corporate level,” the junior said in a press release. “This external financing could take a variety of forms including debt or equity and may include proceeds from option or warrant exercises.” If the company does not receive the financial backing in the short term, it won’t be able to “meet its obligations as they become due resulting in a default under its debt obligations,” Pure Gold added. The company declared commercial production at its mine on Aug. 1 last year. A series of mill upgrades were completed last year, bringing throughput up to 1,000 tonnes

BARRICK GOLD from 1

participate in the reconstituted project as the company’s growth strategy is focused on the production of copper and byproducts in the Americas,” the company said. Pakistani state-owned enterprises are expected to acquire Antofagasta’s shares for about US$900 million, the company said. BMO mining analyst Alexander Pearce expects the deal to have a positive impact on Antofagasta if the deal works out. However, he expects the settlement to take a long

per day from 800 tonnes per day. However, the mine has struggled to consistently feed the mill at 800 tonnes per day. Gold production at the mine in 2021 fell short of design capacity due to challenges in maintaining access to enough high-confidence, highgrade stopes to provide high-grade ore to the mill, the company said. A persistent shortage of highgrade ore from underground resulted in less than full utilization of the mill and at various times led to blending of low-grade development material and stockpiles, which also reduced the overall feed grade to the mill, it added. Since the beginning of 2022, the company has made a string of new appointments including the president, CEO and chief operating officer with the aim of identifying and addressing the underlying causes of insufficient access to high-grade stopes and to “ramp-up and turnaround the experience” at PureGold, the company said. “This asset offers tremendous upside in terms of organic growth and exploration potential, but we need to operate efficiently as a first step in order to unlock that potential,” Terry Smith, the company’s COO said in a press release. “We have more work to do and look for-

time to materialize. “We ascribe no value for Reko Diq in Antofagasta’s valuation. As such, the potential cash settlement of US$900M could add up to 6% to our valuation (depending on tax). However, we note that although an agreement in principle is in place, the actual settlement may take years to materialize,” Pearce wrote in a research note to clients. Scotiabank analyst Orest Wowkodaw echoed a similar sentiment and stated that exiting the project amidst “elevated geo-political risk” was consistent with the company’s strategy.

ward to providing further updates on our progress throughout 2022.” The company expects the situation to improve by the end of 2022 and hopes to see a 50% increase in average daily ore production, a 30% increase in average head grade and a 20% reduction in monthly operating costs compared to 2021. It’s working towards releasing an updated statement of resources and reserves as well as an updated life-of-mine plan in the second half of the year. For the first half of 2022, the company expects to mine and process ore at an average rate of between 600-700 tonnes per day at an average head grade of 4- to 5 grams gold per tonne. With an average gold recovery of 95%, that translates to expected gold production of between 15,000-20,000 oz. for the six-month period. Resources at the mine were last reported at 7.2 million indicated tonnes grading 8.9 grams gold per tonne (2.1 million contained oz.) and 1.9 million inferred tonnes at 7.7 grams gold per tonne (467,000 contained oz.) Probable reserves totalled 3.5 million tonnes grading 9 grams gold (1 million ounces). At presstime in Toronto, Pure Gold Mining was trading at 42.5¢, down 27¢ or 39.2%. TNM

“We currently carry zero value for the Reko Diq project… given the ongoing uncertainty of closing this agreement, we are unlikely to ascribe any value for the potential cash proceeds (US$900 million or $0.91 per share) until received, which is not expected to occur until 2023,” he wrote in a research note to clients. At presstime in Toronto, Barrick was trading at $30.53 per share within a 52-week trading range of $22.30 and $33.50. The company has 1.7 billion common shares outstanding for a market cap of $54.3 billion. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 4—17, 2022

Vale Canada to supply low-carbon nickel for EV market NICKEL

| Swedish battery manufacturer Northvolt signs multi-year deal First production from the Voisey’s Bay underground expansion was announced in June 2021. VALE

BY ALISHA HIYATE

ale (NYSE: VALE) has struck a multi-year agreement to supply Swedish lithium-ion battery manufacturer Northvolt AB with low-carbon nickel from its Long Harbour refinery in Newfoundland. Details regarding volume and pricing were not released, but the multinational base metals miner said that the agreement had been two years in the making and would serve as a “launchpad for further cooperation.” “This supply agreement is another strategic milestone as we pivot our business towards electric vehicle demand,” said Deshnee Naidoo, Vale’s executive vice-president of Base Metals. “We’re excited to build a lasting relationship with Northvolt that raises the bar on sustainably sourced raw materials for this fastgrowing sector.” The agreement comes as electric vehicle manufacturers look to not only secure battery-grade nickel amidst supply constraints, but to secure nickel that’s produced at as low a carbon intensity as possible, in alignment with the role of EVs in combatting climate change. The deal fits with Northvolt’s plans

to reduce carbon emissions associated with batteries by up to 90%, mainly through leveraging clean energy in production and recycling. It comes on the heels of several nickel supply agreements EV auto-

maker Tesla has recently signed with Prony Metals, which bought Vale’s interest in its Goro nickel mine in New Caledonia; BHP (NYSE: BHP; LSE: BHP); and in a first for supply from North America, Talon Met-

als (TSX: TLO; US-OTC: TLOFF), which has a 51% stake in the earlier stage but high-grade Tamarack project in Minnesota. In November, Vale announced that Intertek Group Plc, a leading

assurance, inspection, product testing and certification company, had lent independent third-party limited assurance to the carbon footprint of nickel rounds produced at Long Harbour. While Vale’s Canadian operations already produce nickel with lower carbon emissions than average — the company says rounds from Long Harbour have a verified carbon footprint of 4.4 tonnes CO2 equivalent per tonne of nickel, which is about one-third the average for Class 1 nickel — Vale plans to further cut emissions. As part of its plans to reach net zero by 2050, the company is investing between US$4 and US$6 billion to cut absolute carbon emissions 33% by 2030. Vale produces roughly 65,000 tonnes of nickel annually from its operations in Sudbury, Ont. Production from its Voisey’s Bay mine in Newfoundland, which transitioned to underground mining from open pit last year, will rise as high as 40,000 tonnes nickel in concentrate annually. TNM

Mick Davis’s Vision Blue joins backers for Cornish Metals tin mine ENGLAND

| First production expected in 2026

BY CECILIA JAMASMIE

C Ontario Premier Doug Ford speaks during the launch of the province’s first critical minerals strategy at Impala Platinum’s Lac des Îles mine. IMPALA CANADA. ONTARIO from 1

‘Follow the others’ strategy Analysts have described the strategy as a move in the right direction but believe that the province should have unveiled the plan a lot earlier. Similar plans unveiled in Quebec and Australia at an earlier stage have resulted in the regions becoming more attractive to global companies and moving ahead in terms of competition. “It is a bit of a ‘follow the others’ strategy that was long overdue. Many regions and countries put forward their strategic minerals strategy a long time ago — still, it was needed,” Jon Wijnicki, partner at Ernst & Young told The Northern Miner. Quebec, for instance, is establishing Bécancour as a battery metals hub which includes a number of projects that are already at the feasibility stage compared to the early-stage projects in Ontario. Its critical minerals plan was released in October 2020. Economist Patricia Mohr, who was vice-president of Scotiabank and is now an independent analyst and founder of the publication Critical Metals for a Sustainable World, believes the province should have focused more on getting new mines into development and not just early-

stage exploration projects. “We have a lot of exploration activity across Canada, but we are at the point when we need to get some of the deposits into actual production,” said Mohr. Wijnicki echoed a similar sentiment and said that priority should be given to advanced projects that will be able to benefit from the huge demand for battery metals that is likely to remain for the next three to seven years. “These high prices will either slow down EV adoption or create market distortions that may over supply the market for a long time. Many battery metal projects in Ontario are too early stage to benefit or don’t really need help and might just get built in time for an oversupplied market,” he said. Ontario currently has 323 active mineral exploration projects, of which approximately 60% are focused on gold and 23 are advanced mineral projects according to a report published by the Ontario Mining Association. In 2020, the province’s sector produced $10.7 billion worth of minerals, which accounted for 24% of Canada’s total production value. Out of this, 56% was precious metals production and 42% base metals. About 50% of the active mines in Ontario are gold mines, the report added. TNM

ornish Metals (TSXV: CUSN; LSE: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are injecting £40.5 million (US$53.1 million) into the company. Davis’s battery metals investment firm Vision Blue Resources (VBR), whose main strategy is acquiring stakes in assets linked to electric vehicles (EVs) and grid storage growth, has committed £25 million (US$33 million), Cornish Metals said. The remaining £15.5 million (US$20 million) will come from a private placing to existing and new U.K. institutional investors, as well as existing Canadian investors and eligible accredited private investors, it noted. The parties involved in the fundraising will get warrants that give them the right to buy shares at a price of 27 pence over the next three years. If all the warrants are exercised, Cornish Metals will receive a further £60 million (US$79 million). Upon closing, VBR will own about 27% of Cornish Metals, which will use the cash to dewater South Crofty and complete the studies needed to make a final construction decision in about 18 months. “We are excited to embark on this new chapter of Cornwall’s mining history which will see South Crofty make a significant contribution to the local and U.K. economy, with the potential to create up to 1,000 direct and indirect jobs, as well being at the forefront of the drive towards net zero,” chief executive Richard Williams said in the statement. There is currently no primary mine production of tin in Europe or North America. The U.S. has included the metal in a list of min-

Drill work at the South Crofty site, about 390 km west of London on the Celtic Sea coast. CORNISH METALS

A core sample from Cornish Metals’ South Crofty tin-copper project in England. CORNISH METALS

erals considered critical to the country’s economic and national security. South Crofty could generate up to 5,000 tonnes of tin a year, with first production expected in 2026. The company said the mine will create up to 270 direct jobs and support a further 750 in the region, one of the U.K.’s most underprivileged. Davis is a well-known name in the mining industry as he led Xstrata from a US$500-million business in the early part of the last decade

to an operation so big that — at one point — it made a takeover offer for Anglo American (LSE: AAL; US-OTC: NGLOY). In 2012, he sold Xstrata to Glencore (LSE: GLEN) and set up X2 Resources, a mining fund that was unable to score any deals in three years after launch. Davis did not get discouraged by that failure. In 2019, he co-founded Niron Metals, an investment vehicle involved in bringing Guinea’s Zogota iron ore deposit into production. Seeking to seize the opportunity presented by the increasing need for battery metals, which include a host of materials from lithium to nickel, cobalt and copper, Davis launched VBR in December 2020. The fund has since invested in several companies, including Canada’s NextSource Materials (TSX: NEXT), which is building a graphite mine in Madagascar. South Crofty has one of the highest-grade tin mineral resources in the world not currently in production and has the potential to be amongst the lowest-cost producers globally. TNM

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APRIL 4—17, 2022 / THE NORTHERN MINER

Mining sector needs to rebrand to attract Gen Z talent: Study WORKFORCE

| BDO says only one in five young Canadians open to career in the resource industry

BY NAIMUL KARIM

bout 70% of Canadians born in the mid-1990s aren’t interested in pursuing careers in the mining or oil and gas industries reveals a new survey, based on 148 ‘Generation Z’ respondents from school and universities. The study by BDO, an accounting and business advisory group, included participants in five global markets. The survey found that nearly half of the world’s natural resources organizations find it difficult to attract and retain earlycareer professionals with just one in five Canadians considering a career in the industry. Furthermore, the report notes that Canadian resource companies are behind their global counterparts in terms of prioritizing diversity and inclusion with just 36% having programs in place to attract a diverse workforce, compared to 55% of companies globally. “The survey results show that there is both challenge and opportunity ahead for the attraction and retention of young talent within natural resources in Canada,” Stephen Payne, Energy & Natural Resources Leader at BDO Canada, said in a press release. “To bridge the talent gap, natural resources organizations will need to not only align more closely with ESG and sustainability objectives but also develop an achievable roadmap that extends beyond compliance.” The Canadian mining industry is

An employee at the Raglan nickel mine in the Nunavik region of northern Quebec. GLENCORE

experiencing a labour shortage. Job vacancy rates in the mining, quarrying, and oil and gas sector in the fourth quarter last year witnessed a 1.7% increase on a year-on-year basis, representing more than 7,500 open positions, according to Statistics Canada data. According to the non-profit Mining Industry Human Resources Council (MiHR), there will be a gap of roughly 80,000 to 120,000 mining workers by 2030, forcing companies to deal with “replacement

demand” even as they need to fill net new positions. Ryan Montpellier, Executive Director at MiHRC described the BDO survey as “accurate” and said that the industry had its hands full in trying to establish itself as an employer of choice. “We did some polling with youth in Canada and we asked students about their interest and willingness to work in a number of different sectors. Only 11% of 2,000 youth indicate that they would work in the

mining sector in Canada,” Montpellier told The Northern Miner. Referring to BDO’s findings that 67% of Canada’s Gen Z respondents identify social purpose as an important factor while choosing their career and about 50% want to be a part of an industry that positively impacts climate change, he said that the mining industry needed to “rebrand” itself. “The importance of critical minerals to support the transition to a clean economy is an opportunity for

the mining industry to repurpose its pulse,” said Montpellier. The MiHR executive said that the organization has taken a number of steps to improve the situation, including funding 1,500 job placements in the industry, creating study programs to attract new Canadians and women to the sector and engaging with youth to showcase modern mining work environments. The global survey, which was based on 757 responses on the natural resources sector from industry leaders and students in five major markets, has identified a “misalignment between what today’s natural resources leaders think is important” and what Gen Z prioritize themselves. The report recommends that natural resources companies build a more compelling ESG narrative and clarify the role of the sector in the energy transition. It also urged industry leaders to showcase a wider range of roles to dispel the Gen Z perception that these jobs mean “dangerous or manual onsite work.” The research also suggests companies invest in programs that help in building a talent pipeline and also depend more on technology to attract future employees. “Organizations that embrace technology to enable them to articulate the meaning behind KPIs find themselves in a better position to tackle ESG challenges and obtain buy-in from stakeholders, including future talent,” said BDO Canada’s Payne. TNM

Court halts exploration at Los Andes Copper’s Minera Vizcachitas project CHILE

| Environmental permit suspended due to potential impact on endangered species

BY NAIMUL KARIM

os Andes Copper (TSXV: LA; US-OTC: LSANF) has stopped drilling at its Minera Vizcachitas project in central Chile after an environmental court asked it to suspend its operations in an order that deals with the protection of the Andean mountain cat, a threatened species. The court order relates to the impact on the habitat of the vizcachas, a small rabbit that is part of the food chain for the Andean cat, the company said. “We will make filings with the court and we stand by our environmental assessment and believe that the regulator was right and correct in granting the permit,” Michael Jones, the company’s CEO told The Northern Miner by email. Recent proposals in Chile’s mining sector announced by the country’s new government, which took power earlier this month, have kept international miners on edge. These include a new plan to open the door to the nationalization of some significant copper and lithium mines and talk of stricter environmental and social regulations. Jones, however, doesn’t think the court order suspending Los Andes’ environmental permit is linked to the new stream of potential changes. “The ruling made in this case is

Los Andes Copper’s Vizcachitas project in central Chile. LOS ANDES COPPER

a judicial matter and therefore not related to changes from the election,” said Jones. “We believe the government will continue to see responsible mining as essential to Chile.” Furthermore, he is confident that the new government is well aware of the important role that Chile will play in “supplying the world with the copper it needs to electrify as a broader environmental goal.” The company has completed about 6,600 metres of the 18,000-metre drill

campaign it started last year after receiving the required permits. It aims to advance a prefeasibility study in early 2022. Assays of 5,400 metres of drilling are currently in progress. “The company firmly believes that our project does not cause or will not cause direct impact to the vizcachas — as already assessed in the environmental assessment process that led to our current environmental licence,” Jones said in a press release. “The company will

prepare the necessary information to prove adequate measures have been taken.” Situated about 120 km north of Santiago, the Minera Vizcachitas project hosts measured and indicated resources of 1.3 billion tonnes grading 0.396% copper, 141.4 parts per million (ppm) molybdenum, and 1.05 ppm silver for contained metal of 11.2 billion lb. copper, 400 million lb. molybdenum and 43.4 million oz. silver.

Inferred resources add 788.2 million tonnes grading 0.33% copper, 127 ppm molybdenum and 0.88 ppm silver for contained metal of 5.8 billion lb. copper, 221 million lb. molybdenum and 22.3 million oz. silver. A preliminary economic assessment completed in 2019 outlined an open pit mine with a life of 45 years. The early-stage study forecast an average of 0.53% copper-equivalent over the first five years of operation. At an 8% discount rate, the project would generate a post-tax net present value of US$2.7 billion and an internal rate of return of 26.7% using metal prices of US$3.50 per lb. copper. The study, which evaluated three cases with daily mill throughputs of 55,000 tonnes grading 0.52% copper,125 ppm molybdenum and 1.5 grams silver; 110,000 tonnes grading 0.47% copper, 129 ppm molybdenum and 1.3 grams silver; and 200,000 tonnes grading 0.44% copper, 113 ppm molybdenum and 1.2 grams silver, envisages a capital cost of between $1.3 billion and $2.8 billion, depending on the scenario. At presstime in Toronto, Los Andes Copper was trading at $15.25 per share within a 52-week trading range of $6.63 and $17.73. The company has 27 million common shares outstanding for a market cap of $415 million. TNM

SPECIAL FOCUS

GLOBAL GOLD EXPLORATION PRO-SYANOV /ISTOCK

Orla Mining lays out its Skeena involved in ‘ground-breaking’ permit process Mexico and Panama exploration aims at Eskay Creek in BC GOLD

| Tahltan to play decision-making role in EA process

| New gold producer turns its sights to resource expansion

MEXICO & PANAMA

BY NAIMUL KARIM

etween 1988 and 2008, the Eskay Creek mine in northwest B.C. produced about 3.3 million oz. gold and 160 million oz. silver, boasting the world’s highest average grades of 45 grams gold per tonne and 2,224 grams silver per tonne. Almost a decade after it shut down due to high operating costs and a relatively low gold price, Skeena Resources (TSX: SKE, NYSE: SKE) acquired the property with the goal of restarting the mine, located in Tahltan territory. Skeena’s CEO Walter Coles Jr. told The Northern Miner that early studies on the project, located about 83 km northwest of Stewart, suggest a significant reduction in both operating costs at the mine and in the economic cut-off grade compared to the previous operation. “The big twist that we brought to the project was to look at it as an open pit where historically it was an underground mine,” said Coles. “Historically they were using anywhere between a 13 to 15 [grams gold per tonne] cut-off grade, and we are now able to drop that… down to a gram. All that material between a gram and 15 grams that historically was called waste is now ore.” The province wasn’t very supportive of open pit mining in the early 2000s, said Coles, but a change in policies in the last 15 years allowed Skeena to take a new route. Utilizing the hydro-electric facilities built near the project site by Calgary-based Alta Gas in 2014 would also decrease operating costs by as much as 45%, the CEO predicts. “The project was powered by diesel and propane, and I am told that in the early 2000s when the price of oil hit US$100 a barrel, energy represented as much as 50% of their operating costs. Now, with cheap hydro, energy should be less than 5% of the operating cost,” said Cole. 2021 prefeasibility As per the 2021 prefeasibility study, the project’s mill will run on hydroelectric power, but the trucks and shovels will depend upon diesel. The study envisages average annual production of 249,000 oz. gold and 7.2 million oz. silver over a 9.8-year mine life at an all-in sustaining cost of US$548 per gold-equivalent ounce. At a 5% discount rate, and using metal prices of US$1,550 per oz. gold and US$22 per oz. silver, the project would generate a post-tax net present value of $1.4 billion and an internal rate of return of 56%. The company, which has conducted about 100,000 metres of drilling since acquiring the property in 2018, expects to complete a feasibility study in a couple of months. Currently Skeena is working with the Tahltan Nation and the British Columbia government to get the

An aerial view of Skeena Resources’ Eskay Creek project in B.C. SKEENA RESOURCES Stacking ore at Orla’s Camino Rojo gold mine in Mexico. ORLA MINING

environmental assessment approval through a relatively new process under which the First Nation will have the legal decision-making authority for the permit as per Section 7 of the Declaration on the Rights of Indigenous Peoples Act (DRIPA), which the B.C. government passed into provincial law in 2019. “The Tahltan Central Government (TCG) and the province are negotiating the first consent-based decision-making agreement ever to be negotiated under Section 7,” Ombrielle Neria, a TCG spokesperson said. “This means that, for the first time ever in history… B.C. legally acknowledges that a First Nation has… authority and the right to consent to resource development projects in their territory.” ‘Ground-breaking’ work Neria said that the TCG and B.C. are in talks to reach an agreement related to the environment assessment approvals for two projects in its territory — the Eskay Creek mine and the expansion of Newcrest Mining (TSX: NCM; ASX: NCM) and Imperial Metals’ (TSX: III) Red Chris mine. “This work is ground-breaking. It should be recognized, championed, and celebrated,” Neria added. Explaining the process, Coles said that instead of going to the B.C. government for approval, the company “turned around” the process and consulted the Tahltan Nation first. Once Skeena gets that approval, it will go to the province. “We have done that for every step of the way, exploration permits, camp permits,” said Coles. “We are kind of the first to go through this formal process with the Tahltan.” The process will compel mining companies to have strong support from First Nations, said the CEO. “If you don’t… you will probably not get your permits in B.C.” Deena Tokaryk, a spokesperson for the Tahltan Nation Development Corp. (TNDC), the business arm of the Tahltan Nation, said that the TNDC’s work on the project has helped improve the employment

numbers of Tahltan members. Tokaryk also mentions that the TNDC, which returns profits to its Tahltan shareholders including the Tahltan government, has been involved in several phases of the project including exploration, geotechnical drilling, modification of camp building designs and carrying out environmental assessment work. As the company advances the project, Cole says his team will be excited to build and operate the mine in the future. However, Skeena will also be open to acquisition offers for the project, which has proven and probable reserves of 26.4 million tonnes grading 3.37 grams gold per tonne and 94 grams silver for contained metal of 2.9 million oz. gold and 80.2 million oz. silver. “There’s been a lot of consolidation already in the gold sector and I expect there will be more. It’s always possible that Skeena will participate in that consolidation,” he said. TNM

BY HENRY LAZENBY

ollowing the first gold pour in December at Orla Mining’s (TSX: OLA; NYSE: ORLA) Camino Rojo oxide gold mine in Mexico, the company is embarking on a 2022 exploration strategy that seeks to drive more value through the drill bit, COO Andrew Cormier tells The Northern Miner. The Vancouver-based developer is currently ramping up production and anticipates declaring commercial production at its first new-build mine before the end of March. In February, the company provided its initial production guidance, aiming for 90,000 to 100,000 oz. gold over the next three quarters at all-in sustaining costs of US$600 to US$700 per oz sold. The project is expected to average about 120,000 oz gold annually

over the first five years. Cormier said the ramp-up had been progressing smoothly, allowing management to gradually return the focus to resource definition and expansion at near-mine and regional targets as the company aspires to achieve a 200,000-ounceplus annual production profile. This includes an exploration work program at its Cerro Quema oxide gold-silver project in Panama, which includes an emerging copper-gold sulphide scenario. “With Camino Rojo ramping up production and beginning to generate cash flow, Orla will gradually increase exploration expenditures. This disciplined allocation of capital to Mexico and Panama reinforces our ambitions of driving company value through discovery,” said Cormier in an interview. See ORLA MINING / 15

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SPECIAL FOCUS GLOBAL GOLD EXPLORATION

APRIL 4—17, 2022 / THE NORTHERN MINER

Ariana Resources rises on Newmont exploration alliance EXPLORATION

| Southeastern Europe to be focus of future work

BY HENRY LAZENBY

he London-quoted equity of Ariana Resources (AIM: AAU) gained more than 10% on trading Mar. 24 after it announced an exploration alliance with the world’s biggest gold producer, Newmont Corp (TSX NYSE: NEM, TSX: NGT). The alliance will focus on copper and gold exploration in southeastern Europe via Ariana’s 75%-owned Western Tethyan Resources (WTR) subsidiary, focusing on prospective regions within Bosnia and Herzegovina, Bulgaria, Greece, Kosovo, North Macedonia and Serbia. The Tethyan Metallogenic Belt is one of the world’s foremost metalproducing regions. It is also one of the longest and most extensive, going through 33 countries, with six significant sub-regions differentiated along the belt. The western side of the belt is the richest and is known for two main periods of gold and copper-rich magmatism, which occurred during the Cretaceous and Cenozoic eras. The Cretaceous-aged deposits are dominantly copper-gold porphyry, high-sulphidation epithermal and volcanogenic massive sulphide deposits, whereas, in the Cenozoic magmatic belt, copper is significant in porphyry systems only. Under the exploration alliance agreement, Newmont will invest US$2.5 million in Ariana, based on the 10% premium to the 30-day volume-weighted average price to fund the alliance’s activities. Newmont will also open its regional database to Ariana. The alliance will use the teams established by WTR and Ariana. The alliance is set to run for an initial five-year period, with Newmont retaining an option to continue its investment in Ariana. Should the alliance succeed in identifying a project of merit, it will initially be held 100% within WTR, and Newmont will have the option of investing a further US$1 million in the project over a subsequent twoyear period to earn up to 60% interest. Further expenditures of US$15 million on a pre-feasibility study establishing a Joint Ore Reserves

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Freeman Gold reports bonanza grades from Lemhi project | Drill results are the first high-grade hits encountered outside the main deposit

IDAHO

The Tethyan Metallogenic Belt is one of the world’s foremost metal-producing regions. WESTERN TETHYAN RESOURCES

“WE ARE EXCEPTIONALLY PLEASED TO PARTNER WITH NEWMONT ON THE EXPLORATION FOR LARGE-SCALE COPPER-GOLD DEPOSITS ACROSS SOUTHEASTERN EUROPE.” KERIM SENER MANAGING DIRECTOR, ARIANA RESOURCES

Committee or National Instrument 43-101 resource of over 2 million oz. of gold, will enable Newmont to earn-in to 75%. Should Newmont decide to develop a mining project, funding will be on a pro-rata basis unless WTR chooses not to contribute, in which case Newmont will earn a maximum of 85%. If either party withdraws from a given project or dilutes below 10%, the party will relinquish its interest in return for a 2% net smelter return royalty. Ariana has also renewed through to 2031 an existing data licence

agreement with Newmont for prospects in Turkey. Ariana’s managing director, Kerim Sener, believes the partnership will benefit from Newmont’s deep understanding of the region. “We are exceptionally pleased to partner with Newmont on the exploration for large-scale copper-gold deposits across south-eastern Europe, via Western Tethyan Resources. This area was previously explored primarily in the 1980s and 1990s by entities since absorbed into the Newmont group, such as Normandy Mining. Newmont is also providing significant exploration expertise, including the potential deployment of several proprietary exploration technologies,” said Sener in a media release. WTR managing director Mentor Demi described the region as one of the world’s last underexplored and prospective area plays. “With our extensive expertise in the region and Newmont’s significant capabilities, database and exploration technologies, we are confident that we will make several new copper-gold discoveries and consequently extend our cooperation beyond the initial five-year period,” said Demi. Ariana shares closed 7.03% higher at 3.96 pence apiece in London on Mar. 24, easing the 12-month loss to just more than 16%. TNM

Drill crew at Freeman Gold’s Beauty zone, part of the company’s Lemhi gold project in Idaho. FREEMAN GOLD

BY DANIEL SEKULICH

oronto-based Freeman Gold (TSXV: FMAN; USOTC: FMANF) has reported near-surface, bonanza grade results from a recent drilling program at the company’s Beauty zone, part of its 100%-owned Lemhi gold project in eastern Idaho. The company began an exploration program at the 30-sq.-km Lemhi project in 2020, with the majority of its drilling having been conducted in the central part of the site. However, in late 2021, Freeman shifted some of its exploration work 600 metres west of the main deposit, towards the Beauty zone, as it focused on testing the continuity of veins already mapped on the surface. Three holes were drilled at the Beauty zone from one setup totalling 328 metres, with hole FG21-

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003C returning the highest-grade mineralization ever drilled by the company. The hole intercepted 6 metres grading 68.23 grams gold per tonne and 40.18 grams silver per tonne from 57 metres downhole within the hanging wall side of a major fault. This included 3.2 metres grading 128.92 grams gold and 75.59 grams silver from 57.8 metres; and 2.1 metres of 11.91 grams gold and 16.21 grams silver from 68 metres downhole. Hole FG21-001C returned 1 metre grading 1.41 grams gold per tonne and 18.1 grams silver from 100 metres, while the last hole, FG21-002C, returned 1 metre of 0.24 gram gold from 63 metres. Speaking to The Northern Miner, Freeman’s executive chairman, Paul Matysek, said these results represent a milestone for the company, as they are the first grades to come from outside the primary deposit at the project. “Discovering a shallow, multiounce zone in such close proximity is very significant as it can quickly add valuable ounces to an integrated project sharing common operations and infrastructure,” said Matysek. The Lemhi project is located in north-central Idaho, about 40 km north of the town of Salmon, near the state border with Montana. It has been explored by various companies since the mid-1980s, but had not seen any significant exploration since 2012, until Freeman began its 2020 drill program. The company believes the Beauty zone is open both to the north and northwest of the drill locations. Last July the company released a resource estimate for Lemhi that defined a near-surface oxide gold deposit of 22.9 million indicated tonnes grading 1.02 grams gold per tonne for 749,800 oz. gold, with an additional 7.8 million inferred tonnes grading 1.01 grams gold for 250,300 oz. gold. Matysek said that once freezing conditions at the site have passed, the company plans to commence a follow-up drill program to test the strike extension of the mineralized zone. The objective is adding See FREEMAN GOLD / 15

GLOBAL MINING NEWS

SPECIAL FOCUS GLOBAL GOLD EXPLORATION

THE NORTHERN MINER / APRIL 4—17, 2022

B2Gold grows Newmont gets government green Anaconda resource by light for Coffee project | Decision comes after consultations with First Nations nearly five times YUKON

| Miner could start trucking highergrade ore to Fekola gold mill later this year MALI

Drillers at B2Gold’s Fekola mine in Mali. B2GOLD

BY NAIMUL KARIM

2Gold (TSX: BTO; NYSEAM: BTG) has increased global resources at its Anaconda project in southwest Mali more than fourfold — from 770,000 oz. of contained gold to 3.4 million ounces. Located about 20 km away from the company’s Fekola mine, which produced 567,795 oz. gold in 2021, the Anaconda area includes the Menankoto permit and the Bantako North permit. The project’s updated resource estimate totals 32.4 million tonnes grading 1.08 grams gold per tonne for contained gold of 1.1 million oz. in the indicated category. Inferred resources add 63.7 million tonnes grading 1.12 grams gold for 2.3 million ounces. In 2017, the property had an inferred mineral resource estimate of 21.6 million tonnes grading 1.11 grams gold for 767,000 oz. gold. “Based on the updated mineral resource estimate… the company has demonstrated that an open pit situated on the Anaconda area could provide selective saprolite material (average grade of 2.2 grams per tonne) to be trucked to and fed into the Fekola mill commencing as early as late 2022,” the company said in a press release. Sending selective higher grade saprolite material to the Fekola mill could add an average of 80,000 to 100,000 oz. per year to the mill’s annual gold production. The plan to truck the material hasn’t been included in the company’s 2022 production guidance, the company says. In 2021, B2Gold spent about US$12.7 million on exploring the Anaconda area to complete nearly 57,000 metres of combined reversecirculation and diamond drilling. This year, the company plans to spend US$12 million more to

explore the area with five drill rigs already present. In February, a new subsidiary of B2Gold received a three-year exploration permit covering the Menankoto permit, part of the Anaconda area. The permit brought an end to the company’s dispute with the government of Mali that began in March last year. Last year, the company’s request for a one-year permit extension, which was filed in accordance with Mali’s 2012 Mining Code in October 2020, was denied, based on Mali’s 2019 Mining Code. The company then commenced arbitration proceedings in June through its Malian subsidiary, Menankoto SARL, under the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States, a global institution which provides dispute resolutions between investors and nations. The matter though was resolved in December and the company withdrew from the arbitration proceedings. Geordie Mark, an analyst from Haywood Securities, described B2Gold’s updated resource estimate as positive. “The appreciably larger collective oxide-sulphide resource makes significant headway towards establishing a large enough resource base at Anaconda to develop a selfstanding operation,” Mark wrote in a research note to clients. “The company has now commenced a scoping study on a stand-alone approach to mine oxide and sulphide, and or sulphide only material.” At presstime, B2Gold’s shares were trading at $5.82 in Toronto. Over the last year, the stock has traded in a range of $4.21 and $6.63 per share. The company has 1 billion common shares outstanding for a market cap of $6.1 billion. TNM

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BY JACKSON CHEN

ollowing consultation with Yukon First Nations, both the territorial and federal governments have given the green light for Newmont’s (TSX: NGT; NYSE: NEM) Coffee gold project to proceed, as per the Yukon Environmental Socioeconomic Assessment Board’s (YESAB) recommendations. “The decision to approve the Coffee gold project provides muchneeded certainty about the future of the project and the development of this strategic asset,” Mark Rodgers, regional senior vice-president of Newmont North America, said in a statement. “We are very pleased to reach a decision that will allow the Coffee gold project to move forward,” said Yukon Premier Sandy Silver. “This is another example of the effectiveness of the Yukon’s environmental and social-economic assessment process that continues to uphold responsible development in the territory. The Coffee gold project will provide significant employment opportunities for many Yukoners and contribute to the territory’s growing economy.” The Coffee project is a proposed open pit and heap leach gold mine located in west-central Yukon, approximately 100 km east of Bea-

A map showing gold-rich geology — created by volcanic terrane giving way to deformation — at Newmont’s Coffee project in the Yukon. THE NORTHERN MINER

ver Creek and 130 km south of Dawson. It comprises four open pits (Latte, Double Double, Supremo and Kona) and one permanent waste rock storage facility. The project is expected to have a construction period of 30 months, followed by a 10-year operation phase and an 11-year closure phase. Overall, the project’s activities will span about 24 years. During the peak of construction, the project would provide nearly 700 jobs for Yukon residents, according to the YESAB’s screening report. Over the project’s life cycle, up to 9 million tonnes of ore will be extracted on an annual basis. The ore will be mined by conventional shovel-and-truck methods and crushed and placed onto a heap leach facility. Gold will be extracted by leach solution.

Probable mineral reserves stand at 46.4 million grading 1.45 grams gold per tonne, containing 2.2 million oz. of gold. Heap leach metallurgical studies indicate 86% lifeof-mine gold recoveries. Measured and indicated resources are estimated at 55.5 million tonnes averaging 1.2 grams gold, for 2.1 million oz. of gold. Another 6.8 million tonnes grading 1.07 grams gold for 230,000 oz. gold are inferred. The Coffee deposit was added to the Newmont portfolio through its merger with Goldcorp, which acquired the project as part of its Kaminak Gold takeover in 2016. Construction of the Coffee project remains subject to various regulatory proceedings. Newmont will also need to obtain quartz mining and water licences. TNM

Leading Yukon’s Next Gold Rush VBW CLAIMS

DUBLIN GULCH PROPERTY NUGGET-RAVEN

EAGLE GOLD MINE EAGLE EXTENSION LYNX

Producing Mine 2022 Exploration Program EAGLE GOLD MINE DUBLIN GULCH

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APRIL 4—17, 2022 / THE NORTHERN MINER

SPECIAL FOCUS GLOBAL GOLD EXPLORATION

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GLOBAL GOLD SNAPSHOT: EIGHT COMPANIES SCOURING THE GLOBE FOR GOLD BY CARL A. WILLIAMS

A site visit to New Found Gold’s Queensway project in Newfoundland, in January 2020. From left: Quinton Hennigh, director; Denis Laviolette, cofounder and president; Greg Matheson, COO. Sixth person from left is cofounder and executive chairman, Collin Kettell. Craig Roberts, CEO, is second from the right. NEW FOUND GOLD

With gold prices approaching US$2,000 per oz., gold exploration and mine development remain important drivers for many mining companies. Here are eight global gold explorers to watch. n ANACORTES MINING Vancouver-headquartered Anacortes Mining (TSXV: XYZ; USOTC: XYZFF) is exploring its 100%-owned Tres Cruces project in the prolific Quiruvilca mining district of northern Peru, about 127 km east of the city of Trujillo on the Pacific coast. According to Anacortes, Tres Cruces ranks among the highest-grade gold oxide development projects globally, with 9.6 million indicated tonnes grading 1.37 grams gold per tonne for 425,000 contained oz. of gold in oxide material. The project also hosts an additional indicated resource of 31 million tonnes at 1.84 grams gold for 1.8 million oz. of gold in leachable sulphides. Mineral resources for Tres Cruces currently stand at 46.5 million indicated tonnes grading 1.65 grams gold per tonne for 2.5 million oz. contained gold and 2.6 million inferred tonnes of 1.26 grams gold for 104,000 oz. gold. In March, the company released an initial preliminary economic assessment for the project. The early-stage study envisions an open pit heap-leach mining operation producing 68,000 oz. of gold annually over an ini-

tial oxide mine life of seven years, with peak production of 81,000 oz. in the second year for a total output of 558,000 oz. of gold over the life of the mine. All-in sustaining costs (AISC) were estimated to be US$734 per ounce. Initial capital costs were pegged at US$125.5 million, with US$5.2 million budgeted for sustaining capital over the life of the mine. The resulting after-tax net present value is estimated at US$165.9 million, using a 5% discount rate and a gold price of US$1,700 per oz., with the after-tax internal rate of return

estimated at 33%. The initial capital outlay would be paid back in just over two years. Anacortes recently received approval for exploration drilling on Tres Cruces, expected to start in mid-April. The Phase I drilling program is designed to confirm previous drill results, expand oxide resources at the edges of known mineralization, test targets beyond areas of known mineralization, convert indicated oxide resources to the measured category, and obtain “fresh” oxide samples for metallurgical testing.

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The company is also seeking further growth opportunities in the Americas with the aim of becoming a mid-tier multi-asset gold producer. Anacortes Mining has a market capitalization of $61.4 million. n AUGUSTA GOLD Augusta Gold (TSX: G; US-OTC: AUGG) is advancing its Bullfrog gold project in the southern part of the prolific Walker Lane trend in Nevada, about 193 km northwest of Las Vegas. The company controls approximately 31.6 sq. km of mineral rights, including the past-producing Bullfrog, Montgomery, and Bonanza deposits and the Paradise Ridge and Gap Target zones. It has also identified additional mineralization around the existing pits and defined several exploration targets that it believes could further enhance the project. Augusta says Bullfrog benefits from extensive infrastructure that would allow for rapid development of the project, including access roads and paved in-pit haulage ramps, a 25-kilovolt power line and substation on site, and a paved highway that crosses the project. Mineralization on the property occurs in upper and lower stockwork zones that are subparallel to the high-grade brecciated vein within the main fault structure. In March, Augusta released an updated resource for Bullfrog. The project now contains 71 million measured and indicated tonnes grading 0.53 gram gold per tonne and 1.26 grams silver per tonne for 1.2 million oz. contained gold and 2.9 million oz. silver. Inferred resources stand at 16.7 million tonnes of 0.48 gram gold and 0.96 gram silver for 257,900 oz. gold and 515,720 oz. silver. According to Don Taylor, Augusta’s CEO, the updated resource estimate “confirms our view of the Bullfrog project and its expansion potential, adding substantially more ounces at similar grades while reducing the strip ratio of the currently outlined resource.” He added that the company is now focused on de-risking the project through environmental and engineering studies “that will form the foundation for our permit applications.”

The updated resource was based on 1,331 drill holes totalling 269,864 metres of drilling since the initial resource estimate in June 2021. The estimate included combined oxide and sulphide mineral resources for the Bullfrog, Montgomery-Shoshone, and Bonanza deposits. All three deposits have historical gold production. Bullfrog and Montgomery-Shoshone produced 2 million and 220,000 gold ounces, respectively, from open-pit and underground mines; and Bonanza produced 72,000 oz. from an openpit operation. Augusta Gold has a market capitalization of $88.9 million. n FOSTERVILLE SOUTH EXPLORATION Fosterville South Exploration (TSXV: FSX; US-OTC: FSXLF) is an exploration company looking for gold deposits in Australia. The Vancouver-headquartered junior has a portfolio of assets in the Fosterville area of the state of Victoria. These include three highgrade past-producing projects — Lauriston, Walhalla, and Golden Mountain, and a large land package with historical production immediately south of and adjoining Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) Fosterville gold mine, the world’s highest-grade and lowest-cost underground gold mine. Fosterville South says that drilling during the first quarter will focus on its Lauriston, Providence, Beechworth, and Golden Mountain projects. According to the company, Lauriston offers the best potential to be the southern extension of the Fosterfield Goldfield belt outside of Agnico’s tenements. The company is planning to carry out an extensive diamond drilling campaign on Lauriston. The drilling will focus on high-priority targets identified during initial reconnaissance drilling and exploration work completed in 2021. Lauriston has historical production of 233,215 oz. of gold at 20.7 grams gold per tonne. Drilling has already started on the Comet target on the project, which aims to confirm the structural controls of broad zones of gold mineralization discovered last

See SNAPSHOT / 13

GLOBAL MINING NEWS

SPECIAL FOCUS GLOBAL GOLD EXPLORATION

THE NORTHERN MINER / APRIL 4—17, 2022

The mining camp at O3 Mining’s Garrison gold project in Ontario. O3 MINING

SNAPSHOT from 12

year, and at the New Trojan target, approximately 3 km north of Comet, which will see its first modern drill program. In January, Fosterville South released the first drill results from its Beechworth project, about 115 km northeast of Lauriston. Drilling on the Homeward Bound prospect and the Bon Accord prospect, about 180 metres west of Homeward Bound, returned solid gold grades. Highlights included drillhole HBDH002 from Homeward Bound, which intersected two separate zones of mineralization: 3.2 metres grading 3.38 grams gold per tonne from 295.5 metres and 4.4 metres of 2.51 grams gold from 256.6 metres downhole. Hole BHVP30, drilled on Bon Accord, returned 1 metre of 20.9 grams gold from 60 metres and 1 metre at 33.4 grams gold from 68 metres.

A transportable core cutting shed in Australia. FOSTERVILLE SOUTH EXPLORATION/TWITTER

Visible gold in a drill core sample from the South West deposit at Moneta Gold’s Tower project in Ontario. MONETA PORCUPINE MINES

The company is also conducting an ongoing drilling campaign on the Reedy Creek zone at its Providence project. Fosterville South Exploration has a market capitalization of $44.1 million.

n G2 GOLDFIELDS G2 Goldfields (TSXV: GTWO; US-OTC: GUYGF) is an explorer with assets in Guyana, including the Oko-Aremu and Puruni properties located in the north-central part of the country.

The Canadian-based junior’s focus is the 77.7-sq.-km Oko project covering 17 km of prospective strike length along the Oko-Aremu trend, approximately 120 km west of Guyana’s capital, Georgetown. Several multi-kilometre zones of mineralization have been identified on the property, including the Ghanie, Oko N.W., Oko Main, and Oko East zones in addition to the past-producing Peters, Jubilee, and Aremu mines. In March, the company reported the highest-grade drill intercepts yet on the property. Drilled on Oko Main, drillhole OKD-106 intersected 15.5 metres grading 8.5 grams gold per tonne from 133.5 metres downhole, and OKD-110 returned 5 metres of 16.4 grams gold from 101 metres, with a higher-grade interval intersecting 6.4 metres of 74.8 grams gold from

193 metres. To date, G2 has drilled 116 holes in Oko Main over 1 km of strike length. The company expects to release its first mineral resource estimate for the project in March this year and plans to continue drilling targets at Oko N.W., Jubilee, and Peters, which the company believes host significant mineralization. G2 also holds the Peters Mine concession within Guyana’s Puruni district, about 38 km southwest of Oko. The concession is the site of the past-producing highgrade Peters mine, Guyana’s first producing mine, which produced 41,915 oz. of gold from 1905-1910. The company plans to conduct a six-hole drill program on the concession down to 500 metres See SNAPSHOT / 14

APRIL 4—17, 2022 / THE NORTHERN MINER

SNAPSHOT from 13

to test southwest-plunging shoots containing high-grade flat lodes, generate further drill targets, and develop a district-scale mineralization model. G2 can also earn a 100% interest in the Jubilee open-pit mine and plans to conduct an initial six-hole program to target the high-grade vein system, where historical exploration has returned vein material up to 23 grams gold per tonne. G2 Goldfields has a market capitalization of $92.6 million. n GOGOLD RESOURCES GoGold Resources (TSX: GGD; US-OTC; GLGDF) is a Canadian gold and silver producer and explorer with assets in Mexico. The Halifax-based company is focused on its flagship Los Ricos property in Jalisco state, about 100 km northwest of the city of Guadalajara. The more than 220-sq.-km property comprises two projects; Los Ricos South and Los Ricos North, approximately 25 km apart. GoGold is conducting a 100,000metre drilling campaign focused on expanding the initial mineral resource estimate for Los Ricos North, with key targets including El Favor East and Gran Cabrera. Recent drilling on El Favor East primarily focused on expanding the initial resources with up-dip and down-dip drilling and strike expansion on the zone towards the east. In March, the company released drill results from five drill holes on the target. Highlights included drillhole LRGF-21-113, which intersected 45.5 metres grading 0.52 gram gold per tonne and 97 grams silver per tonne (135.7 grams silver-equivalent) from 274.2 metres, including a higher-grade core of 0.9 metre of 13.05 grams gold and 716.3 grams silver (1,695 grams silver-equivalent). A December 2020 resource estimate outlined indicated resources of 22.3 million tonnes grading 122 silver-equivalent grams per tonne for 87.8 million silver-equivalent oz. (186,000 oz. gold and 53.51

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GoGold Resources’ Los Ricos project in Mexico. GOGOLD RESOURCES

Left: Anacortes Mining’s Tres Cruces project in north-central Peru. ANACORTES MINING

million oz. silver). An induced-polarization survey in September identified several high-chargeability anomalies that GoGold has interpreted as representative of sulphide mineraliza-

tion along the El Favor-El Favor East zone. The company completed a preliminary economic assessment (PEA) for Los Ricos South in January 2021. The study was based

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on 10 million measured and indicated tonnes grading 199 grams silver-equivalent for 63.7 million silver-equivalent oz. and inferred resources of 3.3 million tonnes grading 190 grams silver-equivalent for 19.9 million ounces. The PEA forecast a net present value at a 5% discount rate of US$295 million, and pegged the capex at $125 million. There are several historical mines at Los Ricos South, including El Abra, El Troce, San Juan, and Rascadero. GoGold has also outlined other targets, including Cerro Colorado, Las Lamas, and East Vein. The company’s other projects include Parral in Chihuahua state and Santa Gertrudis in Sonora state. GoGold Resources has a market capitalization of $936.9 million. n MONETA GOLD Toronto-headquartered Moneta Gold (TSX: ME; US-OTC:MEAUF) is developing gold deposits in Ontario’s Timmins camp, one of Canada’s most prolific gold mining camps. The company says it holds one of the largest land positions in the camp, covering over 263 sq. km, including its 100%-owned Tower Gold and Matheson area properties. Moneta recently completed a 130-hole (72,500 metres) drill program at Tower Gold. The drilling tested extensions of the current resource area, which contains the combined Golden Highway property and Garrison property covering 17 km of the Destor Porcupine Fault Zone, about 100 km east of Timmins. The drilling was part of the company’s 2020/21 drill program and extended mineralization by 200 metres to the west and 300 metres to the east of the current resource estimate at the 55 zone — confirming mineralization over an area 800 metres long, 250 metres wide, and down to depths of over 300 metres. Highlights included drillhole MGH21-200, which intersected 37 metres grading 1.04 grams gold per tonne from 75 metres downhole, including 4 metres of 5.31 grams gold; and hole MG21-202, which returned 4 metres of 4.87 grams gold from 194 metres, including 2 metres of 9.07 grams gold. Tower Gold contains open pit resources of 116.7 million indicated tonnes at 0.89 gram gold for 3.3 million contained oz. gold and inferred resources of 79.4 million

tonnes of 0.89 gram gold for 2.3 million oz. gold. Underground indicated resources are estimated at 4.9 million tonnes of 4.05 grams gold for 632,000 oz. gold, with inferred resources adding 17.7 million tonnes of 4.21 grams gold for 2.1 million oz. gold. Recent metallurgical testing of samples from the project averaged recoveries of 95.5%, with 38.8% of the gold reporting to the gravity circuit, the company said. Moneta plans to release an updated resource estimate for Tower Gold in the first half of 2022, followed by an updated preliminary economic assessment. Moneta Gold has a market cap of $218.7 million. n NEW FOUND GOLD Canadian explorer New Found Gold (TSXV: NFG; NYSE: NFGC) holds properties in Newfoundland and Labrador and Ontario. The company is focused on advancing its 100%-owned Queensway project in Newfoundland, about 15 km west of Gander. New Found says it has completed about 37% of a planned 400,000-metre drilling campaign on the 1,510-sq.-km. property, which began in 2020. The campaign is focused on high-grade targets along 7.8 km of the Appleton fault and 12.4 km of the JBP fault zones. Recent drilling comprised 51 diamond drill holes designed to test targets over a 3.5-km by 1-km area of the JBP fault zone encompassing the 1744 and Pocket Pond target areas. The drilling intercepted several near-surface high-grade occurrences. Highlights included drillhole NFGC-21-180, which intersected 2.1 metres grading 31.88 grams gold per tonne from 32 metres downhole; and hole NFGC-21304, which returned 2.3 metres of 25.4 grams gold from 81.6 metres. The company said that the ongoing drill program comprises step-out drilling from significant gold mineralization intervals and the testing of high-grade gold targets over the JBP fault zone corridor tracts. Currently, 11 core rigs are operating on the property, which it plans to increase to 14 rigs by the end of the first quarter. New Found has about $116 million in working capital and says it is well-funded to complete its planned exploration program. Significant investors in the company include Palisades Gold (TSXV: NFG; NYSE: NFGC), which holds a 31% interest; Eric

See SNAPSHOT / 15

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 21—APRIL 3, 2022

Drill rig at Augusta Gold’s Bullfrog project in Nevada. AUGUSTA GOLD

SNAPSHOT from 14

Sprott, the Canadian mining billionaire, who holds 22%; and Novo Resources (TSX: NVO; US-OTC: NSRPF), which holds 9%. Management and insiders hold 3%. New Found’s other asset is the Lucky Strike project in the Abitibi greenstone belt in Ontario, approximately 20 km northeast of Kirkland Lake. The project contains the past-producing Walsh Mine and two exploration shafts at the Copper King and Norwood Kirkland. New Found Gold has a market capitalization of $1.3 billion. n O3 MINING O3 Mining (TSXV: OIII; US-OTC: OIIIF) has a portfolio of projects spanning over 1,370 sq. km in Quebec. The Canadian junior is focused on advancing its Marban project, part of the company’s wholly-owned Malartic property located near the town of Val-d’Or. In March, the company reported a 29% increase in resources for the project from the previous estimate in September 2020. The updated estimate includes drill results from 209 holes (39,207 metres) of infill and expansion drilling. Marban now contains 67.2 million measured and indicated tonnes grading 1.07 grams gold per tonne for 2.3 million contained oz. gold and inferred resources of 2.1 million tonnes at 1.2 grams gold for 80,000 oz. gold. A preliminary economic assessment for the project in October 2020 outlined an 11,000-tonneper-day open pit operation with a mine life of 15.2 years. The first 12 years will target annual production

FREEMAN GOLD from 10

results from the Beauty zone that will grow the overall resource for Lemhi to over 2 million oz. of gold. “The Lemhi deposit is already one of the highest-grade oxide, near-surface resources in the U.S. Adding a multi-ounce zone to the mix will set the project apart from others with respect to jurisdiction, permitting and grade,” Matysek said. In response to the latest results, Echelon Capital Markets’ mining analyst Gabriel Gonzalez wrote in a Mar. 22 note to clients that “Freeman’s mainly patented-hosted resource, combined with shallow oxide ounces and good metallurgy in an attractive jurisdiction like Idaho allows the company to rap-

A drill crew at G2 Goldfields’ Guiana Shield project in Guyana. G2 GOLDFIELDS/TWITTER

of more than 130,000 oz. of gold, peaking at 161,000 oz. in year nine, for an average yearly output of 115,000 oz. and total life-of-mine production of 1.8 million ounces. The study forecast cash costs of US$741 per oz. of gold and all-in sustaining costs (AISCs) of US$822 per ounce. The initial capex, pegged at $256 million, would be paid back, after taxes, in four years. The study estimated Marban’s after-tax net present value (NPV) at $423 million, based on a 5% discount rate and a gold price of US$1,450 per oz., and its internal rate of return at 25.2%. O3 recently consolidated Marban by acquiring Emgold Mining’s (TSXV: EMR; US-OTC: EGMCF)

East-West property, which sits adjacent to Marban. Under the agreement, O3 will acquire a 100% interest in the property for a cash payment of $750,000, 325,000 common shares in O3, and the grant of a 1% net smelter return (NSR) royalty to Emgold, which O3 has the right to buy back. This year, O3 also plans to complete 33,000 metres of drilling at its Alpha property, 8 km east of Val-d’Or. Drilling will focus on expanding known deposits at Kappa and Bulldog, following up on Sigma-type veins in the Omega sector, and resource conversion of the Akasaba deposit. O3 Mining has a market capitalization of $160.9 million. TNM

“THE LEMHI DEPOSIT IS ALREADY ONE OF THE HIGHEST-GRADE OXIDE, NEAR SURFACE RESOURCES IN THE U.S. ADDING A MULTI-OUNCE ZONE TO THE MIX WILL SET THE PROJECT APART FROM OTHERS WITH RESPECT TO JURISDICTION, PERMITTING AND GRADE.” PAUL MATYSEK, EXECUTIVE CHAIRMAN, FREEMAN GOLD

idly move the project forward to production.” Based on a conceptual, nonNational Instrument 101-compliant 1.75 million oz. gold resource, comprised of the current indicated and inferred 1 million oz. at Lemhi plus 750,000 oz. from additional exploration and resource growth,

Gonzalez gives Freeman a speculative buy with a 12-month target of $1.05. At presstime, Freeman Gold was trading at 49¢ in Toronto, within a 52-week range of 40¢-53¢. The company has 131 million shares outstanding for a market capitalization of $64 million. TNM

ORLA MINING from 9

Orla spent much of 2021 on drilling and advancing studies at the 100%-owned Camino Rojo sulphide deposit, representing a conceptual second phase of development as the company seeks to strategically scale output. “We are currently focused on defining and prioritizing drill targets across the portfolio,” said SVP for exploration Sylvain Guerard. “In addition to increasing reserves at the Camino Rojo mine, efforts will be dedicated to upgrading and growing resources and drilling priority targets to make discoveries near existing deposits in Mexico and Panama.” According to Cormier, Orla’s exploration spending for 2022 is expected to total US$15 million, with US$10 million earmarked for activities in Mexico and US$5 million for activities in Panama. Drilling at Camino Rojo and Cerro Quema is set to begin in the second quarter and will continue through year-end. Guerard said the exploration strategy at the Camino Rojo oxide mine entails near-mine and regional exploration focused on increasing oxide reserves, supporting the advancement of the sulphide deposit development scenario options, and testing priority targets defined in 2021 to make new satellite discoveries. Orla wants to define additional oxide reserves at the Camino Rojo mine following confirmatory core drilling on Fresnillo’s (LSE: FRES) property, immediately north and next to the Camino Rojo oxide open pit operation. “While historical drilling indicates that mineralization continues across the property boundary onto the Fresnillo layback area, no ounces from this area are currently included in the Camino Rojo mineral reserve estimate,” Guerard said. “The planned 2,500-metre diamond drill program is designed to confirm and delineate mineralization in the oxide pit layback and allow for a potential update of mineral resource and reserve estimations,” said Guerard. He said the successful 2021 core drill program would be followed by an 8,250-metre second phase campaign to further test the Camino Rojo sulphides. The 2021 program comprised 6,079 metres across 14 holes on 100- to 250-metre drill spacing at a southerly orientation. Guerard said the program confirmed broad

zones of higher-grade gold mineralization within the sulphide deposit while also providing material for a new metallurgical study, which is in progress. “The 2022 program will infill drill the deposit and reduce the spacing to 50- to 125-metre fences. This tighter drill spacing on the more optimal south orientation, combined with the extensive south to north historical drilling, is anticipated to reinforce the geological model and confirm continuity of wide zones of higher-grade gold mineralization,” said Guerard. The drilling is expected to support an updated resource estimate for the Camino Rojo sulphides, development planning, and a preliminary economic assessment targeted for year-end. Before 2021, exploration had focused on defining and expanding the Camino Rojo oxide deposit, with little work outside the area of the currently defined deposit and infrastructure. In 2021, regional exploration focused on defining new exploration targets using a detailed airborne magnetic drone survey, an induced polarization (IP) survey, and multi-element soil geochemistry. Orla also undertook a 9,146metre, 284-hole regional rotary air blast (RAB) cover-bedrock interface program, with drill fences at 1,000 metres and drill holes at 500 metres along the fence. The aim was to sample bedrock below the shallow cover directly. Guerard said the program intercepted “encouraging results of anomalous gold,” including 3 metres grading 1.94 grams per tonne gold and 44 metres at 0.08 gram gold, 7 km northeast of Camino Rojo. As a result of this work, Orla identified several exploration targets along the Camino Rojo trend and south of the oxide mine. Guerard explained these new exploration targets were hosted in rocks of the Caracol or Indidura formations, supported by geophysical and/or geochemical anomalies, and were located at the intersection of northwest-southeast structures associated with the San Tiburcio Fault Zone and northeast-southwest trending structures on or paralleling the Camino Rojo trend. Drilling this year will occur on priority targets, with the company continuing work to generate new See ORLA MINING / 16

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APRIL 4—17, 2022 / THE NORTHERN MINER

SPECIAL FOCUS GLOBAL GOLD EXPLORATION

Stacking ore at Orla Mining’s Camino Rojo gold mine in Mexico. ORLA MINING

ORLA MINING from 15

targets and a 10,000-metre RC drill program testing targets along the Camino Rojo trend and south of the Camino Rojo oxide mine. “New deposit discovery remains the objective. This could include oxide deposits that support an extension of the mine life at the existing operation or additional sulphide deposits that strengthen and expand the already impressive sulphide endowment,” said Guerard. Camino Rojo currently hosts proven and probable reserves of 67.4 million tonnes grading 0.73 gram per tonne gold for 1.6 million oz. of yellow metal. The measured and indicated resource base stands at 353.4 million tonnes grading 0.83 gram gold for 9.5 million oz., of which 255.45 million tonnes grading 0.88 gram gold for 7.3 million oz. are classified as sulphide mineralization. Panama progress Orla is also planning more infill and expansion drilling of known deposits, drill testing exploration targets defined by recent geochemical soil sampling, geophysical IP surveys, bedrock mapping and prospecting, and historical drilling at the Cerro Quema project in Panama. The project entails a near-term

gold production scenario and various exploration targets. Cerro Quema is also a proposed open-pit mine and gold heap leach operation. According to Guerard, the program will comprise about 11,700 metres of drilling. Like Camino Rojo, Cerro Quema also entails an oxide gold opportunity, but Cerro Quema has highergrade sulphide copper-gold mineralization, presenting a potential future expansion scenario. Orla also released an initial resource estimate on the Caballito outcropping high-sulphidation copper-gold deposit about 1 km south of the Cerro Quema oxide deposit. Much of this year’s exploration in Panama will be devoted to further testing the Caballito deposit. Orla plans more infill and expansion drilling here, and more limited drilling at the La Pava and Quemita deposits. “The aim is to convert more of the inferred resource to the indicated category, provide material for metallurgical testing, and test the continuity of mineralization and potential extensions of these deposits,” said Guerard. The first resource estimates of copper-gold sulphide mineralization at La Pava and Quemita are planned for later this year. As it stands, Orla’s 100%-owned

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Cerro Quema project hosts probable reserves of 21.7 million tonnes grading 0.8 grams per tonne gold and 2.18 gram silver for 562,000 oz. gold and 1.5 million oz. silver held in the La Pava and Quema deposits. To date, the company has delineated an indicated resource for the Caballito sulphide deposit of 32 million tonnes grading 0.96 copperequivalent for 676 million lb. of metal. An additional 22.6 million tonnes grading 0.85 gram per tonne copper-equivalent hold 425 million lb. of copper-equivalent. Orla also plans to hit regional targets at Cerro Quema this year. Guerard said exploration target drill testing is planned to the north of the Quemita deposit to follow up on hole CQDH-17-112, which had previously intersected 76.5 metres at 0.87% copper and 0.15 gram gold from 68 metres depth. “Drilling is also planned at the La Pelona target, which has a similar geophysical signature and geological context to La Pava and Quemita and has limited historical drilling,” said Guerard. South of the regional Joaquin Fault, La Prieta, will also be drill tested. La Prieta is defined by a 1.4-km-diameter IP chargeability anomaly with coincident gold, copper and molybdenum in-soil and in-rock geochemical anomalies,

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The core shack at Orla’s Camino Rojo gold mine in Mexico. ORLA MINING

which may indicate porphyry-style copper-gold mineralization, said Guerard. Other regional targets such as the Quemita Norte’s copper-in-soil anomaly and Monte Bonito, northeast of Quemita, will also be considered for drilling in 2022. Cormier said Orla expects regular news flow throughout the year, including the imminent declaration of commercial production at Camino Rojo and updates from the 2022 exploration program, including drill results and updated resource

estimates expected during the second half of 2022 and early 2023. Orla enjoys prominent industry backing, including 16.6% ownership by Newmont (NYSE: NEM, TSX: NGT), a 12.3% holding by cofounder Pierre Lassonde and 9.5% holding by Agnico Eagle Mines (TSX: AEM; NYSE: AEM), on top of a broad institutional following. At $6.06 apiece as of Mar. 25, Orla’s Toronto-quoted equity has gained about 26% over the past 12 months, giving it a market capitalization of about $1.5 billion. TNM

Osisko Mining releases new high-grade results from Windfall | Project feasibility study to be completed by end of year

QUEBEC

BY NAIMUL KARIM

sisko Mining (TSX: OSK) has announced new drill results from the high-grade Lynx zone at its 100%-owned Windfall gold project in the Eeyou Istchee James Bay region of Quebec. Highlights of expansion drilling results from outside the current Lynx resource included 5.4 metres grading 187 grams gold per tonne starting from 1,004.6 metres in drillhole OSK-W-21-2601-W1; 5.6 metres grading 23.9 grams gold starting from 997 metres in drillhole OSK-W-21-2381-W3; and 2 metres grading 22.8 grams gold starting from 1,134 metres in drillhole OSKW-21-2381-W5. Highlights from infill drilling within the resource envelope included 431 metres grading 62.6 grams gold per tonne starting from 564.8 metres in drillhole WST-210929B; 103 metres grading 32.4 grams gold starting from 527.7 metres in drillhole WST-21-0907; and 33.9 metres grading 25.9 grams gold starting from 742 metres in drillhole OSK-W-21-2564-W1. Commenting on the high-grade highlights in the batch of 27 holes released, the company’s CEO John Burzynski noted that “a third of today’s intercepts are greater than an ounce per ton gold and a third are greater than five metres in length.” The company expects to complete a feasibility study for the project by the end of this year. Located about 700 km away from Montreal, the 125-sq.-km. Windfall project has 9.5 million measured and indicated tonnes grading 10.5 grams gold per tonne and 5.2 grams silver for contained metal of 3.2 million oz. gold and 1.6 million oz. silver, using a cut-off of 3.5 grams gold per tonne. Inferred resources add another

13 million tonnes grading 8.6 grams gold and 4.7 grams silver for 3.6 million oz. gold and 2 million oz. silver. The property, in the Abitibi Greenstone Belt, contains four zones — Lynx, Underdog, Main and Triple 8 — with the Lynx zone containing a majority of the project’s gold. The zone has measured and indicated resources of 5.99 million tonnes grading 12 grams gold per tonne in the indicated category and 11.6 grams gold per tonne in the measured category. Inferred resources add 5.05 million tonnes grading 10.9 grams gold per tonne. In February, Osisko announced it would be developing the Windfall project independently and had broken off joint venture talks with Northern Star Resources (ASX: NST). In the same month, the company signed a preliminary agreement with the Cree First Nation of Waswanipi (CFNW), according to which the CFNW will transport hydroelectric power to the project. A preliminary economic assessment for the project published last April outlined a 235,000 to 328,000 oz. gold per year underground mine with a life of 18 years. Preproduction construction costs would be $543 million. Post-tax payback after the start of production would take 2.2 years. The after-tax net present value with a 5% discount would be $1.5 billion and the internal rate of return 39.3%. The project could generate gross revenues of $8.2 billion or operating cash flows of $2.6 billion over its lifetime. During production, the mine and mill would employ about 400 workers. At presstime in Toronto, Osisko Mining was trading at $3.90 per share within a 52-week trading range of $2.33 and $5.02. The company has 349 million common shares outstanding for a market cap of $1.4 billion. TNM

GLOBAL MINING NEWS

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APRIL 4—17, 2022 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / MARCH 21-25, 2022 Over the Mar. 21-25 trading period, the S&P/ TSX Composite Index fell 3.19 points or 0.014% to 22,005.94. The S&P/TSX Global Mining Index increased 2.06 points or 1.61% to 127.39 and the S&P/TSX Global Base Metals Index rose 4.35 points or 1.92% to 226.52. The S&P/TSX Global Gold Index rose 0.29 points or 0.08% to 350.04 and spot gold ended the week US$18.75 per oz. higher, or 0.95%, at US$1,953.80 per ounce. Shares of Fortuna Silver Mines fell by 8.7% or 46¢ to $4.80. The company released its financial and operational results for 2021 and also reported an increase in its mineral reserves. The company produced 7.5 million oz. silver and 207,192 oz. gold in 2021, compared to 7.1 million oz. silver and 55,349 oz. gold in 2020. It reported a net income of US$59.4 million in 2021, compared to US$21.6 million in 2020. The company’s earnings per share were lower than analysts had expected, with the earnings miss driven by higher-than-expected operating costs, administrative expense, and depreciation. The company also increased its proven and probable gold reserves by 81% on a year-on-year basis, while its silver reserves decreased by 10%. More than half of the new reserve ounces are from assets acquired through Fortuna’s takeover of Roxgold Resources last June.

Shares of Wallbridge Mining fell 10.7% to 38¢. The company announced the completion of underground development at its flagship Fenelon gold project, allowing it direct access to the Area 51 zone. The deposit is 75 km northwest of Matagami in northern Quebec. The company calls reaching the Area 51 zone a ‘significant milestone’ in that it allows tightly spaced underground drilling, geologic mapping and grade control sampling to proceed for the first time. Preliminary results confirm that there is a network of mineralized veins with strong continuity over wide sections of more than 30 metres. Grade continuity was also confirmed. “After completing approximately 1,800 metres of underground development, we have had our TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Barrick Gold Denison Mines B2Gold Corp Kinross Gold Yamana Gold Fission Uran Nutrien Cameco Corp OceanaGold

SU ABX DML BTO K YRI FCU NTR CCO OGC

53404 17149 16437 16169 15632 12352 11735 9839 9074 8305

WEEK LOW CLOSE CHANGE

42.63 39.79 42.41 + 3.29 31.32 30.01 30.59 + 0.59 2.25 2.05 2.08unch 0.00 5.87 5.56 5.82 + 0.21 7.32 7.02 7.15 + 0.12 7.27 6.80 7.06 + 0.27 1.03 0.94 0.97 + 0.02 136.25 127.25 135.12 + 10.06 37.98 34.88 35.84 + 1.32 2.94 2.77 2.83 - 0.01

first opportunity to see and touch Area 51 gold mineralization since our team discovered this zone in 2019,” said Wallbridge VP Exploration Atilla Pentek. “Everything we’ve observed so far increases our confidence.” Shares of Lithium Americas rose $7.72 or 21.9% to $42.96 on the back of rising lithium prices. The company reported increased annual expenses and a bigger net loss for 2021, compared to 2020. Its expenses rose to US$46.1

million from US$30.6 million, while its net loss increased to $38.5 million from US$36.2 million in 2020. The higher net loss is “primarily attributable” to higher spending on its Thacker Pass project in Nevada, the subject of a feasibility study due in the second half of this year. The company received key environmental permits for the project, which contains measured and indicated resources of 13.7 million tonnes at 2,231 parts per million lithium, in February. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Karnalyte Res Avalon Advance Goldgroup Mng Aris Gold Mandalay Res Lithium Amer Sulliden Mng Xanadu Mines Vista Gold Western Copper Gatos Silver Augusta Gold Sabina Gd&Slvr Troilus Gold Alexco Res Wallbridge Mng Freegold Vent Excelsior Mng Excellon Res Fortuna Silvr

KRN AVL GGA ARIS MND LAC SMC XAM VGZ WRN GATO G SBB TLG AXU WM FVL MIN EXN FVI

VOLUME (000s)

WEEK LOW CLOSE CHANGE

1271 1.30 0.88 5773 0.19 0.13 2089 0.05 0.03 1750 2.18 1.67 233 3.30 2.69 6088 44.64 35.54 190 0.15 0.00 481 0.03 0.00 308 1.39 1.19 1305 2.93 2.37 285 6.62 5.38 176 1.39 1.16 8128 1.83 1.49 1457 0.93 0.81 1483 2.60 2.14 2266 0.41 0.37 2317 0.56 0.45 794 0.43 0.37 457 1.16 1.02 7471 5.45 4.73

1.18 0.17 0.05 1.92 3.27 42.96 0.15 0.03 1.39 2.81 5.43 1.23 1.51 0.81 2.18 0.38 0.47 0.38 1.06 4.80

+ + + + + + + + + + -

37.2 36.0 28.6 28.0 26.3 21.9 20.0 20.0 18.8 16.6 17.5 13.4 13.2 12.0 11.7 10.7 10.6 9.5 9.4 8.7

Nutrien Lithium Amer Newmont Corp Suncor Energy Filo Mg Corp Franco-Nevada Labrador IOR Turquoise HIl Newcrest Mg MAG Silver Endeavour Mng Gatos Silver Skeena Res Fortuna Silvr Perpetua Res Ero Copper Solaris Res Alexco Res Jaguar Mng Imperial Metal

NTR LAC NGT SU FIL FNV LIF TRQ NCM MAG EDV GATO SKE FVI PPTA ERO SLS AXU JAG III

9839 6088 851 53404 1803 2397 1967 1781 673 1454 5022 285 831 7471 184 1369 800 1483 418 99

WEEK CLOSE

CHANGE

135.12 42.96 98.44 42.41 19.45 196.98 42.30 37.68 25.15 21.25 30.83 5.43 15.38 4.80 5.35 18.12 12.73 2.18 4.39 3.67

+ 10.06 + 7.72 + 6.05 + 3.29 + 2.59 + 2.26 + 2.11 + 2.05 + 1.44 + 1.34 - 2.07 - 1.15 - 0.66 - 0.46 - 0.45 - 0.41 - 0.32 - 0.29 - 0.28 - 0.27

TSX VENTURE EXCHANGE / MARCH 21-25, 2022 The S&P/TSX Venture Exchange rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value for the period were both lithium companies. After more than quadrupling in value last year, the price of battery grade lithium carbonate has only continued to gain momentum this year. Shares in Sigma Lithium, which is also listed on the NASDAQ, gained $3.20 apiece on the TSX Venture over the week to end at $18.14. Sigma has been producing battery grade lithium concentrate at a pilot scale at its 100%-owned Grota do Cirilo property, in Minas Gerais state, Brazil, since 2018. The company is building a commercial-scale plant that is scheduled to begin production in the fourth quarter of 2022. Initially, production will be 220,000 tonnes per year of high purity 6% battery grade lithium carbonate, however an expansion to 440,000 tonnes per year is planned. The second phase of production at the deposit, which the company describes as the largest lithium hard rock deposit in the Americas, is in the prefeasibility stage. Rock Tech Lithium’s stock advanced $1.44 to $6.01. In February, the junior reported it has started the permitting process to build Europe’s

first lithium hydroxide converter in Germany. The company plans to start supplying lithium hydroxide to makers of EV batteries starting in 2024. Rock Tech is planning for the facility to be the first to achieve carbon neutrality. It’s also planning to provide full transparency of its value chain from raw material to end product, announcing in mid-March that it’s working with U.K.-based Circulor and the Fraunhofer Institute for Environmental, Safety and Energy Technology UMSICHT to do so. The company plans to begin production with spodumene sourced from multiple parties in 2024. Rock Tech also holds the Georgia Lake spodumene project, 145 km northeast of Thunder Bay, in Ontario, for which it completed a preliminary TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

SOPerior Fert Leeta Gold Encanto Potash Arena Min Alphamin Res Kootenay Silvr Vertical Expl Walker River Frontier Lith NuLegacy Gold

SOP.H 16928 HIVE 11335 EPO.H 10075 AN 6867 AFM 6162 KTN 6137 VERT 5913 WRR 5298 FL 4896 NUG 4698

0.11 2.84 0.21 0.56 1.18 0.19 0.12 0.11 3.36 0.06

WEEK LOW CLOSE CHANGE

0.06 2.38 0.07 0.38 1.05 0.16 0.09 0.10 2.73 0.05

0.09 2.62 0.17 0.53 1.12 0.17 0.10 0.11 3.08 0.06

+ + + + + + + + + +

0.03 0.10 0.11 0.13 0.04 0.01 0.01 0.01 0.35 0.01

economic assessment in 2021. Shares in Artemis Gold rose 76¢ to $7.66 on no news. The company is advancing the Blackwater gold project in B.C., 150 km southwest of Prince George. In February, the company announced it had landed a commitment letter and term sheet for $360 million to build the project, acquired from New Gold in 2020. The agreement provides for another $25 million in

capitalized interest and a $40-million standby cost overrun facility. It closed a $176-million streaming deal with Wheaton Precious Metals late last year. A September 2021 feasibility study outlined a capital cost of $645 million for the project. Over a 22-year mine life, Blackwater is expected to produce an average of 351,000 oz. of gold annually at an all-in sustaining cost of US$672 per ounce. TNM

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

Encanto Potash Rockwealth Res Alturas Min Desert Mtn Egy Aton Resources Tower Res Magnum Goldco Stans Energy Nevada Sunrise Tymbal Res Minfocus Expl Transatlantic A.I.S Res Southern Emp Nevada Expl Running Fox Rs Nortec Mnls Aurcana Silver Trans Canada Cantex Mn Dev

EPO.H SUU.H ALT DME AAN TWR MGI HRE.H NEV TYMB OZAU TCO AIS SMP NGE RUN.H NVT AUN TTG CD

10075 773 100 696 274 1383 408 4198 1408 568 62 80 2790 902 862 383 67 4367 167 417

0.21 0.45 0.03 4.21 0.31 0.19 0.07 0.02 0.09 0.02 0.38 0.03 0.05 0.18 0.08 0.02 0.02 0.36 0.07 0.50

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.07 0.26 0.00 2.26 0.00 0.00 0.05 0.01 0.06 0.00 0.00 0.00 0.04 0.14 0.06 0.00 0.00 0.26 0.00 0.38

0.17 0.44 0.03 3.68 0.30 0.18 0.07 0.02 0.09 0.02 0.24 0.02 0.04 0.14 0.06 0.02 0.02 0.27 0.06 0.39

+ 161.5 + 72.5 + 66.7 + 63.6 + 59.5 + 59.1 + 55.6 + 50.0 + 50.0 + 50.0 - 39.0 - 33.3 - 30.0 - 28.2 - 25.0 - 25.0 - 25.0 - 22.1 - 21.4 - 21.4

VOLUME (000s)

Sigma Lithium Rock Tech Lith Desert Mtn Egy Rupert Res Artemis Gold Comet Inds Itafos American Lith NGEx Minerals Cypress Dev Los Andes Uranium Roylty Tanqueray Expl IsoEnergy Ltd Nouveau Monde North Peak Res Emerita Res Eskay Mng Minfocus Expl Titanium Corp

SGML RCK DME RUP ARTG CMU IFOS LI NGEX CYP LA URC IPA ISO NOU NPR EMO ESK OZAU CVW

WEEK CLOSE

399 18.14 568 6.01 696 3.68 1405 6.70 519 7.66 3 3.75 1210 2.89 4013 3.98 1225 2.90 2592 1.69 43 15.22 961 5.37 97 5.30 832 4.68 294 8.20 372 4.35 3067 2.85 742 2.44 62 0.24 409 1.75

CHANGE

+ + + + + + + + + + -

3.20 1.44 1.43 1.30 0.76 0.73 0.62 0.60 0.56 0.36 1.98 0.65 0.37 0.35 0.33 0.25 0.17 0.17 0.15 0.15

U.S. MARKETS / MARCH 21-25, 2022 The Dow Jones Industrial Average rose 308.25 points or 0.88% to 34,861.24 and the S&P 500 rose 81.88 points or 1.80% over the week to 4,543.06. Shares of Gatos Silver fell 17.3% or US91¢ to US$4.36. The company said that it intended to delay the filing of its annual report for 2021 beyond the prescribed deadline of Mar. 31, 2021. The company is focused on producing a new life-of-mine plan and updating its mineral resources and reserves following its announcement in January regarding a reduction in metal content at its Los Gatos project in Mexico. The delay is due to the “ongoing analysis” by the company of any potential impacts the reduction may have on its audited annual financial statements, it said in a press release. Gatos expects to file the required documents in the second half of 2022. The company has applied to Canadian securities regulatory authorities for a management cease trade order (MCTO), which provides a mechanism restricting the CEO and CFO from trading in the company securities while allowing the stock to continue trading on the TSX. There is no certainty that the MCTO will be granted, the company said. The securities regulatory authorities may issue a general cease trade order against the company for its

failure to file the required documents, it added. Shares of Nutrien rose US$8.78 to US$108.43 each. The company increased its potash production capability by nearly 1 million tonnes to about 15 million tonnes in 2022 in response to the uncertain potash supply from Eastern Europe due to the war between Russia and Ukraine. The majority of the additional volume is expected to be produced in the second half of the year. “The impacts of this conflict extend beyond Eastern Europe as a disruption in supply of key agriculture, fertilizer and energy commodities could have implications for global food security,” said Ken Seitz, Nutrien’s CEO. The company’s 2022 potash production is expected to increase by nearly 20% compared to 2020 and account for more U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE 158176 Cleveland-Clif* CLF 131191 Barrick Gold* GOLD 86109 Yamana Gold* AUY 86086 United States S* X 84832 Kinross Gold* KGC 71241 Freeport McMoR* FCX 70721 Chevron Corp* CVX 53830 Mosaic* MOS 52483 Cameco Corp* CCJ 46536

HIGH

WEEK LOW CLOSE CHANGE

20.25 19.42 19.94 + 33.34 27.79 33.00 + 24.96 23.84 24.54 + 5.79 5.39 5.67 + 38.85 33.50 38.45 + 5.82 5.58 5.73 + 51.99 48.35 51.93 + 169.69 162.58 169.31 + 71.50 64.15 71.34 + 30.49 27.67 28.76 +

0.88 5.53 0.67 0.30 5.49 0.15 3.85 7.58 9.26 1.37

than 70% of global production added over this period. Nutrien expects a small increase in its 2022 capital expenditures. Shares of Freeport-McMoRan rose US$3.85 to US$51.93. The company declared cash dividends of US15¢ per share on its common stock payable on May 2, 2022, to shareholders of record as of Apr. 14. “These dividends are being paid consistent with [Freeport’s] performance-based payout framework,” the

company said. Cameco rose by US$1.37 to US$28.76. The company filed its annual report, a document that includes its financial statements for 2021, its management’s discussion and analysis and its Canadian annual information form, with the U.S. Securities and Exchange Commission. Uranium increased from US$57.7 per lb. to US$59.05 during the trading week, according to Trading Economics. TNM U.S. GREATEST VALUE CHANGE

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

Intrepid Pots* Lithium Amer* CONSOL Energy* Cleveland-Clif* Peabody Enrgy* United States S* Mosaic* CONSOL Energy* Natural Res Pt* Alcoa* Gatos Silver* Fortuna Silvr* Arch Resources* McEwen Mng* Sibanye-Stillw* Nouveau Monde* Trecora Res* Ero Copper* First Majestic* Gold Fields*

IPI LAC CEIX CLF BTU X MOS CNX NRP AA GATO FSM ARCH MUX SBSW NMG TREC ERO AG GFI

5356 93.87 26714 35.68 3321 41.31 131191 33.34 42852 27.70 84832 38.85 52483 71.50 18271 21.70 235 44.40 35607 98.09 5442 5.26 36557 4.34 2937156.76 8669 0.92 25077 18.63 251 6.97 159 8.79 271 14.71 25640 14.47 30929 16.60

VOLUME (000s)

WEEK LOW CLOSE CHANGE

71.79 89.27 28.03 34.47 34.12 40.69 27.79 33.00 22.72 25.95 33.50 38.45 64.15 71.34 18.65 21.65 39.10 43.59 85.30 91.96 4.30 4.36 3.79 3.84 140.28 144.01 0.84 0.85 17.10 17.26 6.53 6.58 8.38 8.51 14.03 14.56 13.55 13.87 15.22 15.65

+ + + + + + + + + + + +

29.2 22.9 20.4 20.1 18.6 16.7 14.9 14.8 12.6 11.5 17.3 8.1 4.0 2.5 2.0 1.9 1.8 1.0 0.3 0.4

Intrepid Pots* IPI Alcoa* AA Mosaic* MOS Nutrien* NTR MartinMarietta* MLM Chevron Corp* CVX CONSOL Energy* CEIX Lithium Amer* LAC Cleveland-Clif* CLF United States S* X Arch Resources* ARCH Gatos Silver* GATO Sibanye-Stillw* SBSW Fortuna Silvr* FSM Trecora Res* TREC Ero Copper* ERO Nouveau Monde* NMG McEwen Mng* MUX First Majestic* AG Alamos Gold* AGI

5356 35607 52483 16332 1733 53830 3321 26714 131191 84832 2937 5442 25077 36557 159 271 251 8669 25640 12819

WEEK CLOSE

CHANGE

89.27 91.96 71.34 108.43 393.94 169.31 40.69 34.47 33.00 38.45 144.01 4.36 17.26 3.84 8.51 14.56 6.58 0.85 13.87 8.35

+ 20.15 + 9.52 + 9.26 + 8.78 + 8.21 + 7.58 + 6.89 + 6.42 + 5.53 + 5.49 - 6.00 - 0.91 - 0.36 - 0.34 - 0.16 - 0.14 - 0.13 - 0.02 + 0.04 + 0.05

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 4—17, 2022

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 on March 10 2022 (change from March 3 2022 in brackets): Aluminium Alloy 2160 (+60) Aluminium 684250 (-40450) Copper 80675 (+3075) Lead 38725 (+50) Nickel 73074 (-1200) Tin 2325 (+55) Zinc 142,950 (-1075)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$97.30 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$16.75 Cobalt: US$37.31/lb. Copper: US$4.73/lb. Copper: CME Group Futures April 2022: US$4.69/lb.; May 2022: US$4.70/lb. Iridium: NY Dealer Mid-mkt US$6,100/tr oz. Iron Ore 62% Fe CFR China-S: US$150.8 Lead: US$1.07/lb. Rhodium: Mid-mkt US$20,250/tr. oz. Ruthenium: Mid-mkt US$750 per oz. Silver: Handy & Harman Base: US$25.44 per oz.; Handy & Harman Fabricated: US$31.80 per oz. Tin: US$19.24/lb. Uranium: U3O8, Trade Tech spot price: US$57. 50 per lb. U308 Zinc: US$1.88 per lb. Prices current March 28, 2022

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of March 15, 2022 (with changes from February 28, 2022) Largest short positions Ivanhoe Mines IVN 17684179 838668 2/28/2022 Suncor Energy SU 17672073 5137865 2/28/2022 Argonaut Gold AR 17220822 506617 2/28/2022 Barrick Gold ABX 16314517 2542943 2/28/2022 Kinross Gold K 13294823 -2665449 2/28/2022 Wheaton Prec WPM 11240595 1106526 2/28/2022 McEwen Mng MUX 9830809 5398112 2/28/2022 Fortuna Silvr FVI 9805907 108259 2/28/2022 Denison Mines DML 9354470 137270 2/28/2022 Lundin Mng LUN 8931156 -1114548 2/28/2022 OceanaGold OGC 8716884 4292333 2/28/2022 Nexgen Energy NXE 8684555 -192097 2/28/2022 Fission Uran FCU 8366152 2660902 2/28/2022 First Quantum FM 8284712 542780 2/28/2022 IAMGOLD IMG 8118229 -761066 2/28/2022 Largest increase in short position McEwen Mng MUX 9830809 5398112 2/28/2022 Suncor Energy SU 17672073 5137865 2/28/2022 OceanaGold OGC 8716884 4292333 2/28/2022 Sherritt Intl S 4815398 4057389 2/28/2022 Fission Uran FCU 8366152 2660902 2/28/2022 Largest decrease in short position Ascot Res AOT 1610092 -3013620 2/28/2022 Kinross Gold K 13294823 -2665449 2/28/2022 Yamana Gold YRI 5692832 -1660876 2/28/2022 GoGold Res GGD 1256752 -1607775 2/28/2022 Lundin Mng LUN 8931156 -1114548 2/28/2022

Short positions outstanding as of March 15, 2022 (with changes from February 28, 2022) Largest short positions EnCore Energy EU 4950456 4501543 2/28/2022 Pure Gold Mg PGM 4906181 831784 2/28/2022 Leeta Gold HIVE 4555376 420433 2/28/2022 GR Silver GRSL 3751740 3636217 2/28/2022 Noront Res NOT 3085890 -544069 2/28/2022 GoviEx Uranium GXU 2893621 1169749 2/28/2022 American Lith LI 2079882 -1648242 2/28/2022 Emerita Res EMO 1945451 53515 2/28/2022 New Placer NGLD 1875910 1873692 2/28/2022 Canada Nickel CNC 1822653 1715108 2/28/2022 Giga Metals GIGA 1657735 52727 2/28/2022 Orca Gold ORG 1617036 1471048 2/28/2022 QC Copper QCCU 1613215 -1065672 2/28/2022 Azincourt Ener AAZ 1545340 687720 2/28/2022 Alphamin Res AFM 1439541 884558 2/28/2022 Largest increase in short position EnCore Energy EU 4950456 4501543 2/28/2022 GR Silver GRSL 3751740 3636217 2/28/2022 New Placer NGLD 1875910 1873692 2/28/2022 Canada Nickel CNC 1822653 1715108 2/28/2022 Orca Gold ORG 1617036 1471048 2/28/2022 Largest decrease in short position Nrthn Shield NRN 11022 -2374300 2/28/2022 American Lith LI 2079882 -1648242 2/28/2022 King Global KING 137829 -1356786 2/28/2022 Aurcana Silver AUN 234602 -1291459 2/28/2022 Blue River Res BXR 62 -1139201 2/28/2022

DAILY METAL PRICES Date Mar 21 Mar 22 Mar 23 Mar 24 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2863/2890 2864/2890 2864/2890 2865/2890 Aluminum 3517/3524 3550/3550 3558/3558 3663/3675 Copper 10172/10189 10340/10350 10310/10315 10420/10430 Lead 2247/2259 2268/2278 2335.5/2325 2348/2343.5 Nickel 31580/31380 30750/29900 32355/32380 37200/37235 Tin 41400/41600 41500/41375 41975/41700 42375/41875 Zinc 3895/3900 3943/3926 4017/3998 4139/4095 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1925.05 1929.35 1932.15 Gold PM 1935.05 1915.25 1931.75 Silver 25.04 25.09 25.15 Platinum 1037 1020 1025 Palladium 2547 2504 2526

Mar 25 2866/2890 3582/3590 10278/10305 2345/2341 35500/35950 42550/42250 4072/4054.5

1945.90 1965.20 25.32 1020 2511

1956.65 1953.80 25.62 1011 2498

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

Mar 25 1.2475 0.7978

Mar 24 1.2521 0.7987

Mar 23 1.2560 0.7962

Mar 22 1.2586 0.7945

Exchange rates (Quote Media, March 25, 2022) C$ to AUS C$ to EURO C$ to YEN 1.0677 0.7300 97.6200 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.6074 5.1040 61.8658 US to AUS US to EURO US to YEN 1.3310 0.9105 122.0850 US to UK Pound US to China Yuan US to India Rupee 0.7575 6.3663 76.2763

Mar 21 1.2589 0.7943

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. eCobalt 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. 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. Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry.

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. 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 American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per 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. Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share. Aurania Resources Ltd. (ARU.WT.B) - One warrant to purchase one common share at $2.20 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. Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cascadero Copper Corporation (CCD.RT) One right and $0.015 are required to purchase one 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. Cordoba Minerals Corp. (CDB.RT) - One right to purchase one common share at $0.54 per share. Denarius Silver Corp. (DSLV.WT) - One

warrant to purchase one common share at $0.80 per share. Elevation Gold Mining Corporation (ELVT. WT) - One warrant to purchase one common share at $4.80 per share. Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 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 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. Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share. Giga Metals Corporation (GIGA.WT.A) One warrant to purchase one common share at $0.45 per share. Giyani Metals Corp. (EMM.WT) - One warrant to purchase one common share at $0.60 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. Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share. 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

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 Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry. Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. 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. Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 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. Osisko Development Corp. (ODV.WT) One warrant to purchase one common share at $10.00 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. Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. 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. Vizsla Silver Corp. (VZLA.WT) - One warrant to purchase one common share at $3.25 per share. Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCK EXCHANGE INDICES C$ to Mex Peso 16.0587 C$ to Swiss Franc 0.7446 US to Mex Peso 20.0342 US to Swiss Franc 0.9294

C$ to SA Rand 11.6574 C$ to S. Korea Won 977.6985 US to SA Rand 14.4474 US to S. Korea Won 1225.4500

52-week

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

Mar 25 22005.94 886.32 1330.74 350.04 306.60

Mar 24 21937.89 883.70 1326.24 351.14 306.60

Mar 23 21932.18 876.20 1325.82 353.62 306.60

Mar 22 22074.35 871.68 1336.76 345.57 306.60

Mar 21 22009.13 864.02 1332.97 349.75 306.60

High 22152.94 1025.77 1341.61 374.02 330.23

Low 18591.24 802.71 1111.14 257.81 229.83

NEW 52-WEEK HIGHS AND LOWS MARCH 21-25, 2022 CANADIAN GOLD MUTUAL FUNDS FundName BMO Prec Mtls Fd A BMO ZGD BMO ZJG CANL Prec Mtl Fd A CI Pre Met Fd A CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD NBI PrecMetFd Invt NP Silver Equ A NPT Go&PrMinFd A RBC GblPreMetFd A TD Prec Mtl Fd Inv

Mar 25 ($) 28.20 82.62 77.24 21.45 61.03 16.51 14.75 29.25 31.53 17.88 21.96 20.78 9.52 60.55 63.45 55.23

Mar 18 ($) 27.69 81.73 76.24 21.13 59.91 16.37 14.46 28.92 31.08 17.62 21.50 20.49 9.31 60.12 62.39 54.52

Change ($) 0.51 0.88 0.99 0.32 1.12 0.13 0.29 0.33 0.46 0.26 0.46 0.29 0.22 0.43 1.06 0.71

Change (%) 1.86 1.08 1.30 1.53 1.87 0.80 1.98 1.15 1.47 1.46 2.14 1.42 2.33 0.72 1.70 1.30

YTDChange (%) 7.75 7.88 7.64 6.13 1.36 5.71 0.89 1.62 4.42 6.08 8.14 3.35 -0.02 4.25 5.02 6.51

MER (%) 2.40 0.60 0.61 2.58 2.31 2.29 2.67 0.68 0.81 2.63 0.61 2.46 3.24 3.19 2.09 2.26

TotalAssets (M$) 57.58 58.17 83.06 20.00 345.96 61.21 625.55 5.42 22.25 1239.27 28.31

424.39 133.31

119 New Highs African Rainbo* Alcoa* Altius Mnrls * Amarillo Gold American Rare* Amerigo Res Anglo Pac Grp Arctic Fox Ven Arizona Metals* Arizona Silver Arizona Silver* Artemis Gold Artemis Gold* Aton Resources Aton Resources* Banyan Gold Banyan Gold* Black Hills* Blackrock Silv Blackrock Silv* Cameco Corp Cameco Corp* Canadian Prem Capitan Mining*

Cassiar Gold Century Cobalt* Champion Bear Champion Bear* Chatham Rock* China Gold Int Cleveland-Clif* CONSOL Energy* District Cop* Durango Res* Dynacor Gld Mn Dynacor Gld Mn* Encanto Potash Entree Res Entree Res* Eros Res Corp Eros Res Corp* Filo Mg Corp Filo Mg Corp * Freeman Gold* Freeport McMoR* Frontier Lith G2 Goldfields G2 Goldfields* Glencore Plc *

Glencore Plc* Globex Mng Grizzly Discvr* i-80 Gold i-80 Gold* iMetal Res iMetal Res* Intl Battery Intrepid Pots* Itafos Itafos* Ivor Explor Jervois Mining Jervois Mining* Lake Resources* Lithium Energi MAX Res Metals X* Mirasol Res Mosaic* Mountain Prov* Natural Res Pt* Neometals* NevGold NGEx Minerals

Nutrien Nutrien* OceanaGold OceanaGold* Optimum Vent Optimum Vent* Orca Gold* Orla Mining Peabody Enrgy* Petra Diamonds* Pine Cliff En Pine Cliff En* Providence Gld* Regulus Res Reunion Gold Reunion Gold* Rockwealth Res Romios Gold Rs* Royal Gold* Rupert Res Rupert Res* Shine Minerals* Sigma Lithium Sigma Lithium* Snowline Gold

Solitario Ex&R Solitario Ex&R* SOPerior Fert SRG Mining SSR Mining* Stone Gold Suncor Energy* Superior Gold Superior Gold* Timberline Res Tower Res* Turquoise HIl Turquoise HIl* United States S* ValOre Metals Verde Potash Walker River* Western Areas* Whitehaven Coa* Yamana Gold* 24 New Lows Arizona Gold Aurania Res Aurcana Silver Aurcana Silver*

Clarity Gold E2Gold Inc EEE Explor Ethos Gold Ethos Gold* Fosterville Golden Indepen Heliostar Met* Nfld Discovery* Oroco Res* Pure Energy Ridgestone M’g* Sonoro Gold* Standard Graph* Starr Peak* Tanzanian Gold* Valorem Res Vanadiumcorp Victory Res* Westhaven Gold

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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

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APRIL 4—17, 2022 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MARCH 21–25, 2022 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1111 Explor 1844 Resources 1911 Gold* 1911 Gold 55 North 79 Resources 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources AbraSilver Res AbraSilver Res* Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res Adyton Res* AEX Gold Affinity Metal* African Energy* African Gold* African Gold African Metals African Rainbo* Aftermath Silv* Agnico Eagle* Agnico Eagle Aguila Amer Gd Aguila Amer Gd* Aiml Res* AJN Resources Akwaaba Mining Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alerio Gold Alexandra Cap* Alexco Res Alexco Res* Alianza Min* Alianza Min All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper Allied Copper* Alma Gold Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining Alpha Copper Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altaley Mining* Altaley Mining Altamira Gold* Altamira Gold Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls Altius Mnrls * Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources* ALX Resources AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American CuMo American Eagle American Lith* American Lith American Mang* American Mang American Pac American Rare* AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Ameriwest Lith* Ameriwest Lith Amex Expl Amex Expl* AmmPower* AmmPower Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Anacortes Mg Andean Prec Andean Prec* Anfield Energy* Anfield Energy Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res Angold Res* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold Antler Hill Apex Res * Apex Res Apogee Min Apollo Silver Apollo Silver* Appia Rare Appia Rare* Applied Min* Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res

C 137 V 49 O 105 V 880 C 81 C 2570 C 255 O 343 V 2790 O 76 V 345 V 314 O 182 O 102 V 682 V 1631 O 2062 V 0 C 366 V 117 O 18 V 518 V 177 C 379 V 438 O 49 V 23 O 224 V 95 O 20 O 1 O 159 V 984 V 2 O 13 O 727 N 14978 T 7462 V 79 O 24 O 125 C 125 V 69 T 2707 N 12819 N 35607 O 3 V 65 C 156 O 460 T 1483 X 5626 O 45 V 110 O 506404 V 638 O 353 V 0 D 3022 V 417 O 44 C 47 X 3777 T 167 O 206 V 123 O 99 T 87 V 24 C 510 V 2208 O 691 O 887 V 6162 V 189 O 2 O 43 V 230 O 235 V 640 O 118 V 405 V 233 V 0 V 296 O 68 T 833 O 276 V 379 O 365 O 421 V 100 V 27 O 42 O 14 O 214 V 2330 V 272 O 1257211 V 100 O 102 V 1153 O 24 O 230 O 151 V 965 O 205 V 163 V 287 O 2859 V 4013 O 1129 V 745 C 824 O 281 O 24 X 3453 T 1906 T 1511 O 238 O 3734 C 1502 V 347 O 60 O 923 C 490 V 0 V 0 O 141 T 620 V 219 V 433 O 73 O 1932 V 2578 V 42 O 32 V 71 O 21 O 1051 T 30 O 0 N 14495 V 4511 O 386 O 55 V 32 O 33 V 45 V 11 V 0 O 10 V 296 V 0 V 481 O 121 C 964 O 413 O 8510 V 59 N 2937 C 189 V 0 V 1

0.07 0.08 0.32 0.42 0.05 0.06 0.11 0.04 0.05 0.06 0.07 0.10 0.08 0.04 0.06 0.40 0.33 0.00 1.21 0.08 0.06 0.02 0.06 0.60 0.84 0.67 0.05 0.04 0.53 0.04 0.07 0.11 0.14 0.07 21.45 0.31 63.73 80.07 0.30 0.24 0.13 0.38 0.02 10.80 8.59 98.09 0.74 0.95 0.20 0.23 2.60 2.07 0.06 0.07 0.00 0.45 0.36 0.00 15.91 0.24 0.19 0.11 0.39 0.50 0.25 0.31 0.78 0.98 0.07 1.02 1.10 0.68 0.93 1.18 0.10 0.09 0.07 0.09 0.30 0.37 0.20 0.24 0.09 0.00 0.30 0.24 25.50 20.35 0.32 0.25 0.06 0.03 1.02 0.89 6.12 0.06 0.08 0.07 0.00 0.12 0.10 0.44 0.35 0.01 0.15 0.20 0.04 0.05 0.13 3.21 4.03 0.64 0.78 1.04 0.42 0.05 1.20 1.51 2.01 1.60 0.96 1.19 3.07 2.47 0.36 0.43 0.00 0.00 0.60 0.75 1.50 1.78 1.41 0.11 0.14 0.20 0.09 0.13 53.62 26.63 3.30 0.00 25.27 0.19 0.15 0.97 1.20 0.03 0.04 0.13 0.00 0.05 0.08 0.00 0.60 0.48 0.64 0.52 0.01 2.45 156.76 0.35 0.00 0.16

0.05 0.00 0.30 0.38 0.00 0.05 0.10 0.03 0.04 0.04 0.06 0.00 0.07 0.04 0.00 0.37 0.29 0.00 1.10 0.07 0.00 0.01 0.00 0.45 0.78 0.63 0.00 0.03 0.45 0.04 0.00 0.10 0.13 0.00 18.35 0.27 60.58 76.31 0.00 0.00 0.09 0.33 0.00 10.25 8.16 85.30 0.74 0.00 0.18 0.18 2.14 1.70 0.05 0.00 0.00 0.38 0.30 0.00 14.49 0.20 0.14 0.00 0.35 0.45 0.00 0.27 0.74 0.95 0.00 0.90 0.92 0.49 0.84 1.05 0.00 0.09 0.06 0.08 0.28 0.36 0.16 0.20 0.00 0.00 0.28 0.22 23.58 18.51 0.28 0.22 0.02 0.00 0.00 0.73 5.90 0.00 0.07 0.00 0.00 0.00 0.09 0.00 0.00 0.01 0.14 0.18 0.03 0.00 0.00 2.70 3.41 0.53 0.70 0.89 0.32 0.04 1.04 1.29 1.81 1.44 0.74 0.90 3.00 2.38 0.31 0.39 0.00 0.00 0.55 0.69 1.40 1.50 1.21 0.10 0.13 0.00 0.08 0.10 51.42 25.33 2.69 0.00 23.02 0.13 0.00 0.91 1.12 0.03 0.00 0.00 0.00 0.05 0.06 0.00 0.55 0.44 0.58 0.46 0.01 2.40 140.28 0.30 0.00 0.00

0.07 + 0.08 0.31 + 0.40 unch 0.04 unch 0.06 unch 0.11 + 0.03 0.04 0.06 + 0.07 + 0.10 + 0.08 + 0.04 + 0.06 + 0.38 0.31 0.37 unch 1.19 + 0.08 + 0.05 0.02 unch 0.05 0.45 0.78 0.64 0.05 unch 0.04 unch 0.53 + 0.04 unch 0.06 + 0.10 + 0.13 unch 0.07 unch 21.45 + 0.29 62.05 + 77.30 + 0.26 0.24 0.11 + 0.37 + 0.02 + 10.42 8.35 + 91.96 + 0.74 0.92 0.20 unch 0.22 2.18 1.74 0.06 + 0.07 unch 0.00 unch 0.42 + 0.33 + 0.25 unch 15.62 + 0.20 0.14 0.11 + 0.37 + 0.46 + 0.23 0.30 unch 0.77 + 0.96 unch 0.06 unch 0.92 0.94 + 0.68 + 0.90 + 1.12 + 0.10 + 0.09 unch 0.07 + 0.09 0.29 + 0.37 unch 0.17 0.21 0.08 unch 0.12 unch 0.29 unch 0.23 23.94 + 19.21 + 0.29 0.24 0.02 0.03 + 0.95 0.76 6.01 0.06 + 0.08 + 0.07 unch 0.00 + 0.12 + 0.09 0.43 unch 0.34 + 0.01 unch 0.15 + 0.19 unch 0.04 0.05 unch 0.12 unch 3.20 + 3.98 + 0.58 + 0.73 + 0.91 0.36 + 0.04 1.07 1.34 + 1.92 + 1.54 + 0.86 + 1.08 + 3.02 2.41 + 0.32 + 0.39 0.06 unch 0.12 unch 0.60 + 0.73 1.50 + 1.72 + 1.39 + 0.11 + 0.13 unch 0.20 + 0.09 0.12 + 53.62 + 26.60 + 3.19 + 27.06 unch 24.15 + 0.14 0.10 0.92 unch 1.14 0.03 0.04 unch 0.13 + 0.18 unch 0.05 unch 0.07 0.11 unch 0.59 + 0.46 + 0.63 + 0.50 + 0.01 + 2.45 unch 144.01 0.35 + 0.22 unch 0.16 +

0.02 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.00 0.09 0.01 0.01 0.00 0.01 0.15 0.06 0.02 0.00 0.00 0.06 0.00 0.01 0.00 0.00 0.00 3.10 0.01 1.69 1.26 0.04 0.01 0.02 0.03 0.01 0.01 0.05 9.52 0.02 0.03 0.00 0.00 0.29 0.23 0.01 0.00 0.00 0.04 0.03 0.00 1.19 0.04 0.05 0.03 0.02 0.02 0.01 0.00 0.00 0.00 0.00 0.05 0.01 0.17 0.05 0.04 0.01 0.00 0.02 0.01 0.00 0.00 0.02 0.04 0.00 0.00 0.00 0.01 0.41 0.47 0.03 0.01 0.00 0.01 0.06 0.02 0.02 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.53 0.60 0.01 0.02 0.08 0.02 0.00 0.03 0.05 0.05 0.07 0.10 0.13 0.04 0.02 0.00 0.01 0.00 0.00 0.00 0.02 0.05 0.29 0.25 0.00 0.00 0.02 0.00 0.01 4.99 1.99 0.37 0.00 0.72 0.03 0.02 0.00 0.01 0.00 0.00 0.02 0.00 0.00 0.01 0.00 0.04 0.02 0.07 0.04 0.00 0.00 6.00 0.05 0.00 0.01

0.15 0.11 0.59 0.72 0.23 0.15 0.16 0.11 0.11 0.18 0.24 0.17 0.15 0.07 0.09 0.82 0.68 3.00 1.34 0.12 0.10 0.03 0.11 2.09 1.28 1.06 0.27 0.07 0.65 0.15 0.21 0.24 0.20 0.15 20.94 0.80 74.50 89.95 0.40 1.00 0.79 0.45 0.04 11.33 9.38 95.79 0.88 1.13 0.49 0.68 4.01 3.34 0.11 0.13 0.02 0.56 0.46 1.15 16.16 0.68 0.44 0.23 0.60 0.74 0.27 0.33 1.07 1.27 0.08 1.09 1.69 0.66 0.95 1.21 0.17 0.11 0.13 0.19 0.79 0.80 0.42 0.47 0.40 0.20 0.50 0.36 25.68 20.35 0.43 0.37 0.11 0.05 1.49 1.12 6.99 0.12 0.15 0.10 0.00 0.20 0.16 0.44 0.35 0.05 0.26 0.32 0.06 0.08 0.40 5.00 6.25 1.42 1.79 1.40 0.42 0.29 2.49 3.02 1.95 1.66 1.37 1.74 3.36 2.68 1.90 2.15 0.12 0.15 0.85 1.05 2.50 2.30 1.83 0.18 0.23 0.40 0.13 0.17 55.02 27.50 3.30 27.20 26.96 0.47 0.33 1.25 1.28 0.05 0.06 0.25 0.18 0.13 0.09 0.14 1.15 1.00 1.22 1.00 0.05 2.85 163.99 1.25 0.36 0.38

0.05 0.05 0.21 0.26 0.04 0.05 0.08 0.03 0.04 0.04 0.06 0.08 0.05 0.03 0.04 0.32 0.25 0.37 0.31 0.05 0.04 0.01 0.05 0.15 0.71 0.56 0.04 0.03 0.44 0.04 0.01 0.01 0.11 0.06 12.98 0.25 45.42 58.02 0.15 0.12 0.08 0.16 0.01 8.30 6.51 27.55 0.36 0.46 0.17 0.15 1.70 1.34 0.05 0.06 0.00 0.23 0.18 0.20 5.33 0.19 0.12 0.04 0.27 0.34 0.15 0.20 0.58 0.78 0.04 0.15 0.45 0.25 0.44 0.53 0.06 0.05 0.03 0.04 0.23 0.30 0.13 0.17 0.07 0.09 0.23 0.18 13.48 10.67 0.13 0.12 0.00 0.02 0.80 0.50 4.44 0.04 0.05 0.04 0.00 0.08 0.06 0.20 0.16 0.00 0.12 0.16 0.02 0.04 0.10 1.20 1.50 0.37 0.47 0.13 0.02 0.02 0.68 0.85 0.85 0.67 0.53 0.54 2.07 1.65 0.30 0.38 0.04 0.12 0.39 0.50 1.07 0.92 0.77 0.06 0.08 0.15 0.04 0.05 33.18 16.75 1.99 15.31 14.57 0.13 0.10 0.56 0.69 0.02 0.03 0.09 0.18 0.01 0.04 0.09 0.44 0.36 0.42 0.33 0.01 1.70 39.02 0.08 0.19 0.06

(100s) Stock

Exc Volume

Week Low

0.00 0.05 0.13 0.13 0.07 0.07 + 0.09 0.09 0.00 0.03 unch 0.00 0.10 + 0.08 0.08 + 0.29 0.42 + 0.38 0.53 + 0.31 0.35 + 0.38 0.43 + 0.00 0.16 + 0.08 0.08 0.07 0.07 1.90 1.97 + 2.42 2.47 0.60 0.67 + 0.47 0.53 + 1.67 1.92 + 0.05 0.05 + 0.00 0.06 6.36 6.71 + 5.12 5.39 + 0.41 0.46 + 0.53 0.58 + 0.00 0.53 5.25 6.09 + 6.86 7.66 + 1.51 1.61 unch 0.00 0.60 unch 0.15 0.15 + 0.00 0.19 1.05 1.11 + 0.82 0.90 + 0.00 0.14 unch 0.04 0.04 0.00 0.05 unch 0.11 0.12 + 0.14 0.15 unch 0.29 0.29 0.01 0.01 + 0.00 6.98 + 0.38 0.41 + 0.48 0.54 + 0.00 0.10 0.08 0.08 0.39 0.41 + 0.49 0.50 unch 1.04 1.15 + 1.29 1.47 + 0.20 0.24 unch 0.00 0.30 + 0.95 1.00 1.16 1.23 0.00 0.14 unch 12.31 12.69 10.02 10.02 0.49 0.51 + 0.62 0.63 unch 0.26 0.27 0.21 0.22 0.00 0.18 0.23 0.23 0.29 0.29 0.79 0.80 0.98 1.01 0.00 0.06 unch 0.00 0.11 0.00 1.00 0.00 0.14 + 0.13 0.15 0.00 0.07 unch 0.00 0.08 unch 0.69 0.74 0.85 0.92 0.10 0.14 + 0.13 0.17 + 0.03 0.03 unch 0.00 0.00 unch 0.05 0.05 unch 0.06 0.06 unch 0.93 0.95 1.18 1.19 0.00 0.07 unch 0.05 0.05 0.00 0.19 0.02 0.03 unch 0.00 0.04 unch 7.28 7.86 + 0.03 0.04 + 0.00 0.04 + 1.22 1.27 + 0.97 0.99 + 0.06 0.07 + 0.08 0.09 unch 0.29 0.29 0.23 0.24 + 0.00 0.12 unch 0.09 0.10 +

ArcPacific Res Arctic Fox Ven Arctic Star* Arctic Star Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Argentina Lith* Argentina Lith Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res Ascot Res * AsiaBaseMetals Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Cop Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Gold* Athena Atico Mining* Atico Mining Atlas Salt* Atlas Salt Aton Resources* Aton Resources Augusta Gold* Augusta Gold AUQ Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold Aurelius Min* Aurelius Min Aurion Res * Aurion Res Aurora Royal Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avenira Ltd* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc* Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azucar Min Azucar Min*

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

144 151 83 2976 11 19 75 1379 6867 713 545 5 149 15 241 3654 2085 993 1750 1873 1309 2031 780 188 397 13 69 519 204 0 29 349 1732 1610 0 21 292 170 195 17 2108 3 7 469 69 49 124 267 45 2521 140 274 37 176 0 179 2 193 218 4367 2306 417 21 147 77 239 0 81 5 3 199 0 50 42 420 2283 5773 8 475 47 274 2257 204 1 16 285 20 130 24 776 745 40 6 1686 3658 413 117 264 81

0.06 0.20 0.08 0.10 0.03 0.10 0.08 0.45 0.56 0.35 0.44 0.16 0.09 0.07 2.09 2.63 0.68 0.56 2.18 0.06 0.07 6.93 5.60 0.48 0.60 0.63 6.23 7.93 1.61 0.00 0.16 0.20 1.16 0.93 0.00 0.05 0.05 0.12 0.15 0.31 0.01 7.12 0.42 0.55 0.11 0.14 0.42 0.52 1.20 1.51 0.24 0.31 1.11 1.39 0.00 13.15 10.35 0.53 0.69 0.36 0.29 0.19 0.25 0.32 0.84 1.04 0.00 0.13 1.05 0.14 0.17 0.00 0.08 0.78 0.96 0.16 0.19 0.03 0.00 0.05 0.06 1.00 1.26 0.00 0.06 0.20 0.03 0.04 8.14 0.04 0.05 1.29 1.01 0.07 0.09 0.34 0.26 0.12 0.10

B2Gold Corp B2Gold Corp* Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Egy* 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 Basin Uranium Batero Gold Batero Gold* Bathurst Met Bathurst Metal* Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res* BCM Res BE Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth

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

16169 52728 50 431 5 1430 1090 6109 1465 171 44 235 75 249 86109 17149 11 195 458 57 847 2228 1038 54 1 42 95 176 1625 1112 0 166 988 0 366 241 0 485 123 197 484 416 1414 849 2376 96 598 62 313 1188 26 286 508 24 229 20 58 153 310 487 1389 42 2593 159 6

5.87 4.68 0.12 0.09 0.11 0.07 0.06 0.23 0.50 0.40 0.41 0.52 0.36 0.45 24.96 31.32 0.38 0.49 0.10 0.08 0.92 1.17 0.60 0.09 0.07 0.11 0.09 0.38 0.08 0.10 0.00 0.21 0.25 0.00 1.14 0.91 0.00 0.31 0.25 0.11 0.54 0.43 0.09 0.85 0.73 0.17 0.21 0.90 1.17 0.57 0.44 0.18 0.22 0.46 0.61 0.15 0.08 0.14 0.08 0.10 74.40 0.10 0.14 0.15 0.18

Last

12-month

High

Change

Exc Volume

Week

Stock

0.01 0.03 0.01 0.01 0.00 0.01 0.02 0.10 0.13 0.02 0.02 0.01 0.02 0.01 0.01 0.06 0.07 0.05 0.42 0.00 0.01 0.22 0.25 0.03 0.05 0.07 0.60 0.76 0.00 0.00 0.00 0.01 0.03 0.04 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.08 0.00 0.05 0.02 0.07 0.02 0.00 0.01 0.11 0.00 0.11 0.11 0.19 0.00 0.03 0.09 0.01 0.00 0.08 0.05 0.01 0.02 0.02 0.00 0.02 0.00 0.01 0.01 0.10 0.00 0.00 0.00 0.01 0.03 0.04 0.05 0.00 0.00 0.00 0.00 0.02 0.04 0.00 0.01 0.03 0.00 0.00 1.17 0.01 0.01 0.04 0.04 0.00 0.00 0.02 0.00 0.00 0.01

0.25 0.20 0.24 0.29 0.04 0.12 0.10 0.52 0.66 0.77 0.96 0.28 0.26 0.19 3.23 4.09 0.73 0.57 2.70 0.12 0.15 6.98 5.56 0.48 0.60 0.72 6.23 7.93 1.95 0.80 0.55 0.34 1.41 1.33 0.25 0.06 0.09 0.16 0.20 0.65 0.04 8.48 0.54 0.70 0.21 0.30 0.65 0.78 1.87 1.98 0.24 0.31 2.25 2.99 0.29 17.50 14.31 2.82 3.43 1.10 0.91 0.39 0.51 0.80 1.09 1.36 0.09 0.22 1.05 0.48 0.27 0.10 0.20 1.68 1.85 0.18 0.23 0.05 0.01 0.40 0.20 1.44 1.73 0.11 0.15 0.88 0.06 0.08 9.44 0.12 0.17 2.49 1.98 0.10 0.12 0.41 0.32 0.15 0.13

0.04 0.12 0.04 0.05 0.03 0.06 0.05 0.08 0.10 0.08 0.11 0.14 0.08 0.06 1.55 1.98 0.29 0.23 1.21 0.04 0.05 1.67 1.32 0.13 0.17 0.54 3.40 4.86 0.13 0.50 0.12 0.15 0.84 0.67 0.13 0.03 0.04 0.07 0.09 0.29 0.01 4.71 0.12 0.15 0.06 0.08 0.27 0.37 0.48 0.40 0.12 0.16 0.71 0.89 0.13 9.01 7.13 0.49 0.62 0.27 0.22 0.12 0.17 0.21 0.43 0.65 0.03 0.08 0.37 0.01 0.12 0.06 0.07 0.10 0.35 0.07 0.09 0.02 0.00 0.04 0.05 0.70 0.89 0.07 0.05 0.17 0.02 0.03 3.56 0.03 0.03 0.90 0.73 0.04 0.04 0.22 0.16 0.07 0.06

Black Mountain Black Mountain* Black Tusk Res Black Tusk Res* Blackrock Silv Blackrock Silv* Blackwolf Cop Blackwolf Cop* Blind Creek Blue Lagoon* Blue Lagoon Blue Moon Blue Moon* Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt BlueBird Batt* Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* Bold Ventures* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals Boreal Metals* Borneo Res Inv* Boundary Gold* Boundary Gold Brascan Gold Bravada Gold Bravada Gold* Braveheart Res Braveheart Res* Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Brixton Metals* Brixton Metals Brookmount Exp* Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal Buffalo Coal * Bullet Explor Bullion Gold* Bunker Hill BWR Explor

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

292 17 409 107 1814 2147 172 37 220 862 1757 1033 102 3622 6 1639 3853 254 254 121 16 4737 456 64 64 13 446 245 41 20 2127 1300 237 245 99 27902 11 38 203 149 322 218 327 66 40808 22 230 421 339 239 1519 208 199 12 601 4715 512 10 2 5 361 734

0.43 0.31 0.03 0.02 1.30 1.08 0.67 0.54 0.08 0.54 0.65 0.04 0.03 0.02 0.02 0.27 0.34 0.35 0.03 0.08 0.07 0.15 2.02 1.61 0.14 0.11 0.07 0.09 0.12 0.14 0.01 0.04 1.24 0.10 0.09 0.00 0.03 0.04 0.20 0.05 0.04 0.10 0.09 0.05 0.01 0.03 0.04 0.09 0.16 0.19 0.23 0.17 0.02 0.07 0.09 11.07 0.03 0.03 0.06 0.08 0.30 0.04

0.21 0.25 0.00 0.00 0.00 0.00 0.01 0.01 0.04 0.04 0.02 0.01 0.02 0.00 0.67 0.59 0.02 0.02 0.01 0.01 0.21 0.26 0.10 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.04 0.05 0.00 0.12 0.12 0.00 0.02 0.01 0.01 0.02 0.01 0.01 0.09 0.06 0.01 0.00 0.01 0.10 0.04 0.01 0.00 0.01 0.01 0.02 0.00 0.01 0.02 0.01 0.01 2.52 0.01 0.01 0.02 0.03

6.63 5.37 0.20 0.16 0.23 0.35 0.30 0.33 0.50 0.40 0.57 0.70 0.49 0.50 26.07 33.50 0.66 0.82 0.15 0.12 1.23 1.54 1.08 0.15 0.12 0.17 0.12 0.85 0.25 0.26 0.40 0.25 0.35 0.20 2.42 1.92 0.37 0.44 0.35 0.35 0.73 0.58 0.11 0.95 0.80 0.37 0.46 1.36 1.64 0.67 0.50 0.37 0.25 0.79 0.97 0.15 0.09 0.25 0.16 0.19 73.43 0.62 0.76 0.18 0.22

4.21 3.30 0.12 0.04 0.04 0.05 0.04 0.09 0.18 0.10 0.22 0.26 0.12 0.16 17.27 22.30 0.28 0.35 0.06 0.05 0.32 0.40 0.42 0.06 0.04 0.09 0.08 0.33 0.05 0.07 0.07 0.07 0.10 0.20 0.92 0.74 0.21 0.14 0.11 0.08 0.11 0.09 0.05 0.39 0.32 0.10 0.19 0.71 0.90 0.31 0.25 0.07 0.14 0.41 0.52 0.01 0.05 0.11 0.04 0.06 61.95 0.08 0.10 0.06 0.08

C2C Gold* C3 Metals Cabral Gold* Cabral Gold Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Camrova Res Canada Carbon* Canada Carbon Canada Nickel Canada Nickel* 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* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng CaNickel Mng* 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 Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps Cdn Manganese Cdn Palladium* Cdn Palladium Centamin Centerra Gold Central Afric Central Iron Centurion Mnls Century Cobalt* Century Global* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock*

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

169 1307 315 309 370 5700 975 1 29 22 46536 9074 120 136 31 0 265 398 1658 259 0 165 390 2352 785 27 36 19 353 1 226 170 858 225 141 236 468 449 22 275 30 143 39 0 0 112 146 140 115 6 417 8 79 60 199 274 224 4903 10 147 5 1722 610 101 467 149 0 1098 126 856 0 148 82 0 244 1 48 997 1152 531 1942 89 1 0 504 1 21 218 46 282 21 422 1639 393 302 18 195 160 51 5541 183 5

0.17 0.12 0.37 0.46 16.46 1.65 1.38 0.15 2.55 3.18 30.49 37.98 0.09 0.07 0.02 0.00 0.06 0.09 3.00 2.52 0.00 0.07 0.06 0.30 0.24 0.12 0.14 0.50 0.63 0.00 0.40 0.32 0.70 0.55 0.12 0.13 0.24 0.25 0.10 0.12 0.10 0.13 0.15 0.00 0.00 0.21 0.26 0.22 0.28 0.39 0.50 0.09 0.12 0.07 0.10 0.52 0.44 7.77 0.06 0.03 0.02 0.03 0.14 0.13 0.16 0.19 0.00 0.04 0.02 1.48 0.00 0.04 0.04 0.00 0.58 0.42 0.17 0.09 0.12 1.51 12.53 0.09 0.07 0.00 0.07 0.26 0.29 1.73 0.20 0.27 0.01 0.20 0.25 0.23 0.18 5.48 0.14 0.17 5.52 6.95 0.24 0.18

B 5.56 5.82 + 4.41 4.68 + 0.12 0.12 unch 0.00 0.09 unch 0.00 0.11 unch 0.06 0.06 unch 0.04 0.05 0.18 0.19 0.43 0.47 + 0.34 0.38 + 0.36 0.36 0.45 0.49 0.34 0.34 0.40 0.45 unch 23.84 24.54 + 30.01 30.59 + 0.00 0.38 0.00 0.49 + 0.09 0.10 + 0.07 0.08 + 0.66 0.88 + 0.83 1.10 + 0.43 0.56 + 0.00 0.08 0.07 0.07 unch 0.00 0.10 0.08 0.08 unch 0.34 0.36 + 0.06 0.07 0.08 0.08 0.00 0.25 unch 0.16 0.20 + 0.20 0.25 + 0.00 0.20 unch 1.04 1.11 + 0.78 0.90 + 0.00 0.21 unch 0.28 0.29 + 0.22 0.23 + 0.00 0.10 + 0.41 0.48 0.32 0.39 0.07 0.08 + 0.68 0.80 + 0.53 0.63 + 0.16 0.17 + 0.19 0.20 unch 0.85 0.87 1.07 1.08 0.50 0.51 0.40 0.41 + 0.12 0.17 0.00 0.22 + 0.46 0.46 + 0.57 0.60 + 0.06 0.06 + 0.05 0.05 0.12 0.12 0.07 0.07 0.00 0.10 70.84 74.40 + 0.09 0.10 0.12 0.13 0.10 0.15 + 0.00 0.18 +

(100s)

High Low

High

Low

Last

0.32 0.40 0.28 0.31 0.03 0.03 0.02 0.02 1.16 1.26 0.92 1.01 0.56 0.61 0.45 0.46 0.06 0.06 0.45 0.48 0.56 0.60 0.03 0.04 0.02 0.03 0.00 0.02 0.02 0.02 0.23 0.23 0.29 0.30 0.00 0.35 0.00 0.03 0.00 0.08 0.06 0.06 0.10 0.15 1.94 1.97 1.56 1.57 0.00 0.13 0.11 0.11 0.07 0.07 0.00 0.09 0.00 0.10 0.00 0.14 0.00 0.00 0.00 0.04 1.13 1.15 0.09 0.10 0.07 0.08 0.00 0.00 0.00 0.02 0.00 0.03 0.17 0.19 0.00 0.05 0.04 0.04 0.09 0.09 0.07 0.07 0.00 0.05 0.01 0.01 0.03 0.03 0.04 0.04 0.07 0.09 0.14 0.15 0.00 0.19 0.08 0.15 0.15 0.16 0.02 0.02 0.00 0.06 0.08 0.09 10.00 10.67 0.00 0.02 0.02 0.03 0.00 0.06 0.00 0.08 0.27 0.27 0.00 0.04

12-month Change

High Low

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

0.04 0.01 0.00 0.00 0.06 0.06 0.07 0.08 0.01 0.03 0.04 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.04 0.01 0.02 0.01 0.00 0.00 0.00 0.01 0.03 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.07 0.02 0.00 0.01 0.01 0.44 0.01 0.01 0.01 0.01 0.03 0.01

0.60 0.51 0.06 0.05 1.30 1.04 1.51 1.75 0.15 0.61 0.74 0.09 0.08 0.03 0.02 0.29 0.37 0.90 0.08 0.22 0.17 0.24 2.30 1.79 0.29 0.23 0.09 0.12 0.36 0.45 0.04 0.13 1.54 0.33 0.23 0.02 0.07 0.09 0.69 0.12 0.10 0.14 0.12 0.29 0.02 0.16 0.20 0.13 0.22 0.28 1.05 0.29 0.06 0.19 0.17 12.44 0.06 0.04 0.45 0.20 0.42 0.08

0.28 0.20 0.02 0.01 0.68 0.54 0.50 0.00 0.05 0.26 0.33 0.03 0.02 0.01 0.00 0.12 0.16 0.31 0.03 0.05 0.03 0.08 1.28 1.01 0.08 0.07 0.05 0.07 0.08 0.10 0.00 0.04 0.94 0.09 0.07 0.00 0.02 0.03 0.16 0.04 0.03 0.07 0.05 0.02 0.00 0.03 0.03 0.02 0.10 0.13 0.08 0.11 0.01 0.05 0.07 6.11 0.01 0.01 0.06 0.00 0.17 0.03

+ + + + + + + + + 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 0.01 0.04 0.04 0.87 0.09 0.09 0.01 0.04 0.03 1.37 1.32 0.00 0.01 0.00 0.00 0.02 0.01 0.06 0.04 0.00 0.01 0.00 0.02 0.02 0.00 0.01 0.20 0.18 0.00 0.02 0.02 0.05 0.02 0.01 0.00 0.05 0.01 0.02 0.02 0.00 0.01 0.03 0.00 0.00 0.01 0.02 0.02 0.01 0.01 0.11 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.02 0.00 0.01 0.00 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.02 0.18 0.01 0.01 0.00 0.01 0.00 0.02 0.02 0.02 0.05 0.00 0.03 0.04 0.00 0.00 0.03 0.02 0.02 0.48 0.49 0.05 0.01

0.48 0.25 0.63 0.66 16.93 2.36 2.02 0.21 3.90 4.80 30.49 37.98 0.30 0.22 0.12 0.07 0.20 0.25 4.20 3.50 0.12 0.13 0.10 0.48 0.41 0.30 0.39 0.53 0.63 0.11 0.70 0.55 0.84 0.68 0.18 0.51 0.68 0.26 0.12 0.20 0.13 0.17 0.31 0.21 0.20 0.51 0.61 0.37 0.50 0.80 1.00 0.25 0.32 0.10 0.12 0.52 0.44 7.79 0.08 0.06 0.18 0.04 0.16 0.29 0.36 0.35 0.27 0.13 0.05 1.48 0.17 0.08 0.15 1.18 0.65 2.80 0.50 0.15 0.19 2.10 13.52 0.28 0.08 0.07 0.07 0.34 0.42 1.89 0.34 0.43 0.04 0.22 0.27 0.56 0.44 7.69 0.13 0.16 5.82 7.24 0.24 0.18

0.10 0.08 0.26 0.34 10.51 1.11 0.79 0.11 1.75 2.19 15.34 19.50 0.07 0.06 0.00 0.07 0.00 0.06 2.18 1.72 0.05 0.05 0.04 0.16 0.11 0.00 0.11 0.19 0.21 0.04 0.35 0.28 0.39 0.30 0.09 0.12 0.14 0.11 0.04 0.05 0.07 0.09 0.11 0.09 0.08 0.16 0.20 0.16 0.21 0.20 0.24 0.08 0.11 0.01 0.08 0.18 0.13 3.57 0.04 0.03 0.02 0.02 0.07 0.01 0.13 0.11 0.10 0.03 0.02 0.35 0.07 0.03 0.00 0.17 0.32 0.38 0.10 0.04 0.05 1.38 8.21 0.07 0.04 0.07 0.01 0.16 0.14 0.93 0.17 0.22 0.01 0.09 0.12 0.18 0.14 3.64 0.05 0.08 2.94 3.71 0.09 0.08

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

0.14 0.09 0.32 0.41 13.78 1.44 1.13 0.00 2.34 2.90 27.67 34.88 0.09 0.07 0.01 0.00 0.01 0.06 2.83 2.23 0.00 0.06 0.05 0.25 0.20 0.12 0.00 0.30 0.51 0.00 0.36 0.29 0.59 0.47 0.00 0.00 0.16 0.22 0.08 0.10 0.10 0.12 0.00 0.00 0.00 0.18 0.22 0.19 0.00 0.32 0.38 0.08 0.11 0.00 0.00 0.46 0.35 7.19 0.00 0.00 0.00 0.03 0.12 0.12 0.14 0.16 0.00 0.04 0.00 1.16 0.00 0.00 0.03 0.00 0.53 0.00 0.13 0.07 0.10 1.45 12.07 0.00 0.00 0.00 0.05 0.26 0.22 1.63 0.18 0.22 0.00 0.14 0.18 0.20 0.16 5.29 0.11 0.14 5.21 6.45 0.00 0.17

0.17 0.10 0.36 0.45 14.83 1.54 1.25 0.15 2.44 3.09 28.76 35.84 0.09 0.07 0.01 0.07 0.04 0.07 2.91 2.33 0.12 0.07 0.05 0.29 0.23 0.12 0.13 0.50 0.62 0.06 0.39 0.31 0.59 0.50 0.12 0.13 0.23 0.23 0.08 0.10 0.10 0.12 0.12 0.10 0.11 0.20 0.26 0.21 0.26 0.32 0.39 0.09 0.11 0.07 0.10 0.49 0.41 7.33 0.06 0.03 0.02 0.03 0.14 0.12 0.15 0.17 0.15 0.04 0.02 1.44 0.08 0.03 0.04 0.43 0.55 0.42 0.15 0.08 0.10 1.49 12.28 0.08 0.07 0.07 0.06 0.26 0.24 1.65 0.18 0.24 0.01 0.18 0.22 0.20 0.16 5.42 0.14 0.16 5.48 6.81 0.24 0.17

(100s) Stock

Exc Volume

Chesapeake Gld Chesapeake Gld* Chevron Corp* Chiboug Ind Mn Chilean Metals* Chilean Metals China Gold Int Churchill Res Cipher Mining* Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CMX Gold & Sil Coast Copper Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Colombia Crest* Colombia Crest Colonial Coal Comet Inds 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* Conquest Res Conquest Res * Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng Copper Mtn Mng* Copper One * Copperbank Res Cordoba Mnls Cordoba Mnls* Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals CoTec Holdings Crest Resource Crest Resource* Crestview Expl Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery Currie Rose Rs CWN M’g Acq Cyntar Venture Cypress Dev* Cypress Dev

101 V 87 O N 53830 300 V 189 O 1359 V 571 T 66 V 2947 D 24 O 294 C 290 C 843 V 28 O 0 V N 131191 1 V 219 O 0 V 510 O 449 V 104 C 241 V 15 O 191 V N 21114 149 O 61 V 3 O 481 V 528 V 3 V 14 O 34 V 738 V 87 O 8 O 13 V 2153 X 0 V 1 O 1 O 25 T 214 V 109 O 465 V 291 O 340 O 745 V 0 V N 18271 3321 N 128 O 213 V 28 O 111 V 78 O 122 V 130 O 94 O 291 V 1926 V 4409 T 790 O 572 O 242 C 80 V 67 O 612 C 80 V 21 O 2842 O 2487 V 130 V 0 V 41 C 1 O 262 C 142 O 1112 V 8 O 335 C 239 V 208 O 1562 O 2500 C 94 V 0 V 52 C 1678 O 2592 V

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denarius Metal Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Silv Discovery Silv* Discovery-Corp District Cop* District Cop District Metal* District Metal District Mines Dixie Gold DLP Resouces Dolly Vard Sil Dolly Vard Sil* Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E2Gold Inc* E3 Metals* E3 Metals E79 Resources E79 Resources* Eagle Graphite Eagle Graphite* Eagle Plains Earl Res East Africa Eastern Platin Eastern Platin* Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl Edison Battery* Edison Battery

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

Week High

Low

Last

12-month Change

+ 3.54 3.78 3.84 + 2.75 3.01 3.06 + 169.69 162.58 169.31 + 0.18 0.20 0.20 + 0.15 0.18 0.19 + 0.20 0.21 0.23 + 4.10 4.70 4.71 0.00 0.26 0.30 + 3.29 3.62 3.89 0.13 0.14 0.14 0.16 0.18 0.19 + 0.20 0.26 0.28 + 0.26 0.28 0.28 0.15 0.16 0.19 0.00 0.08 unch 0.00 + 33.34 27.79 33.00 0.00 0.10 unch 0.10 0.18 0.18 unch 0.20 0.00 0.06 unch 0.00 + 0.14 0.15 0.16 0.18 0.18 unch 0.20 0.00 0.09 unch 0.09 0.13 0.14 0.16 + 0.00 0.03 0.03 0.00 0.03 unch 0.04 + 4.55 4.78 4.96 0.06 0.07 0.07 0.00 0.08 0.09 + 0.40 0.40 0.41 0.49 0.49 0.54 + 2.09 2.37 2.47 + 0.00 3.75 3.75 0.00 0.13 unch 0.13 0.00 0.18 unch 0.18 + 0.23 0.26 0.28 + 0.18 0.21 0.22 + 0.13 0.13 0.13 0.17 0.00 0.17 + 1.75 1.80 1.89 0.00 0.09 unch 0.00 + 0.07 0.08 0.08 + 0.38 0.38 0.38 0.00 0.51 0.55 0.00 0.12 unch 0.14 0.09 0.09 0.11 0.00 0.05 0.06 + 0.04 0.04 0.04 + 2.05 2.13 2.30 2.57 2.69 2.80 0.00 0.10 unch 0.00 + 21.70 18.65 21.65 + 41.31 34.12 40.69 0.30 0.32 0.33 0.37 0.40 0.41 0.00 0.04 0.05 0.05 0.05 unch 0.06 + 0.06 0.06 0.06 1.26 1.31 1.40 + 0.98 1.06 1.10 + 0.21 0.22 0.25 + 0.27 0.28 0.29 0.13 0.14 0.16 + 3.56 3.83 3.92 + 2.71 3.05 3.17 0.05 0.05 unch 0.06 0.80 0.83 unch 0.87 0.54 0.55 0.59 0.44 0.44 0.45 + 0.49 0.53 0.56 + 4.11 4.26 4.59 + 3.26 3.54 3.61 0.56 0.56 0.62 0.69 0.70 0.80 + 0.08 0.10 0.10 0.00 0.64 unch 0.00 0.00 0.07 unch 0.07 0.05 0.05 unch 0.05 0.23 0.24 0.25 + 1.00 1.08 1.12 + 1.26 1.35 1.41 + 0.12 0.13 0.13 0.15 0.15 0.17 0.07 0.07 0.09 0.06 0.06 0.07 + 0.16 0.22 0.24 + 0.20 0.28 0.30 + 0.00 0.05 0.06 0.00 0.10 unch 0.00 0.38 0.41 0.48 + 1.03 1.36 1.50 + 1.28 1.69 1.87

High Low

4.79 2.54 0.16 4.00 1.98 0.03 7.58 174.76 92.86 0.46 0.15 0.01 0.23 0.09 0.01 0.30 0.12 0.01 4.48 3.02 0.64 0.45 0.16 0.04 0.26 15.39 2.33 1.45 0.11 0.01 1.82 0.16 0.01 0.86 0.10 0.03 0.43 0.17 0.01 0.39 0.00 0.01 0.17 0.08 0.00 5.53 32.90 14.01 0.23 0.09 0.00 0.28 0.14 0.00 0.08 0.05 0.00 0.18 0.03 0.01 0.21 0.08 0.00 0.12 0.05 0.00 0.17 0.09 0.01 0.10 0.02 0.00 0.12 0.03 0.00 0.05 11.14 4.12 0.16 0.01 0.00 0.17 0.07 0.01 0.48 0.08 0.05 0.64 0.10 0.01 3.73 0.50 0.29 4.00 2.80 0.73 0.21 0.08 0.00 0.32 0.11 0.00 0.40 0.19 0.04 0.33 0.15 0.02 0.19 0.11 0.00 0.25 0.11 0.01 5.42 1.24 0.03 0.11 0.08 0.00 0.09 0.03 0.01 0.79 0.35 0.00 1.08 0.48 0.02 0.25 0.11 0.00 0.20 0.01 0.03 0.20 0.05 0.01 0.16 0.04 0.00 2.67 1.26 0.01 3.29 1.55 0.01 0.24 0.08 0.00 2.79 19.72 10.41 6.89 38.44 8.65 0.60 0.17 0.01 0.77 0.22 0.02 0.10 0.03 0.00 0.11 0.04 0.00 0.25 0.01 0.02 1.70 0.48 0.03 1.34 0.60 0.01 0.53 0.15 0.01 0.66 0.20 0.02 0.21 0.04 0.02 5.07 2.70 0.18 4.20 2.07 0.20 0.21 0.03 0.00 0.96 0.35 0.00 1.45 0.45 0.02 1.10 0.01 0.01 0.61 0.07 0.04 4.90 3.46 0.15 3.91 0.65 0.31 0.87 0.26 0.01 1.10 0.33 0.01 0.19 0.08 0.01 0.68 0.15 0.00 0.29 0.06 0.00 0.25 0.04 0.00 0.88 0.23 0.01 1.65 0.87 0.05 1.98 1.13 0.06 0.23 0.02 0.01 0.22 0.11 0.01 0.33 0.06 0.02 0.29 0.04 0.01 0.27 0.06 0.06 0.34 0.08 0.08 0.15 0.03 0.01 0.10 0.07 0.00 0.99 0.38 0.04 2.13 0.68 0.29 2.61 0.83 0.36

D-F 92 53 393 3644 1579 470 434 4396 444 417 942 806 769 228 227 16437 46893 0 371 696 5 245 459 0 66 50 675 2608 585 63 24 903 124 493 17 178 57 1009 912 145 119 152 1031 2839 1270 1493 390 164 6 28 78 135 532 69 198 548 115 28 40 19 326 0 59 112 5 118 75 31 15 313 227 629 1523

0.74 0.85 0.09 0.10 0.04 0.03 0.07 0.09 0.06 0.25 0.32 0.62 0.50 0.03 0.52 2.25 1.79 0.00 0.14 4.21 0.04 0.34 0.27 0.00 0.06 0.03 0.03 1.95 1.55 0.08 0.34 0.42 0.20 0.27 0.15 0.22 0.24 0.86 0.69 0.94 0.35 0.28 10.19 8.04 0.08 0.09 0.08 3.47 2.80 2.05 0.18 0.13 0.09 0.07 2.03 2.55 0.54 0.58 0.18 0.15 0.19 0.00 0.28 0.33 0.26 0.09 0.07 0.17 0.12 0.28 0.19 0.12 0.15

0.51 0.65 0.06 0.07 0.04 0.02 0.05 0.06 0.05 0.22 0.28 0.56 0.45 0.00 0.46 2.05 1.63 0.00 0.13 2.26 0.04 0.29 0.23 0.00 0.00 0.03 0.00 1.70 1.34 0.00 0.30 0.33 0.15 0.23 0.00 0.00 0.20 0.71 0.56 0.78 0.32 0.25 9.42 7.66 0.06 0.08 0.00 3.35 2.65 0.00 0.16 0.13 0.00 0.07 1.67 2.11 0.51 0.40 0.00 0.12 0.00 0.00 0.24 0.31 0.25 0.00 0.06 0.00 0.12 0.25 0.00 0.08 0.11

+ 0.60 + 0.75 + 0.07 + 0.08 0.04 unch 0.03 0.05 0.06 0.05 unch 0.22 0.28 0.57 0.45 0.03 unch 0.48 2.08 unch + 1.67 0.12 unch 0.13 unch + 3.68 0.04 unch 0.31 0.24 0.19 unch 0.06 unch 0.03 unch 0.03 unch + 1.80 + 1.45 0.07 + 0.30 0.39 0.19 0.23 + 0.15 0.18 + 0.24 + 0.84 + 0.66 0.82 unch 0.33 0.26 + 9.76 7.82 0.07 0.09 0.08 unch + 3.40 + 2.80 + 1.85 + 0.18 0.13 unch 0.09 unch + 0.07 + 1.87 + 2.32 0.51 0.42 + 0.18 + 0.15 0.18 unch 0.45 unch + 0.25 0.32 0.26 + 0.09 0.06 + 0.15 + 0.12 + 0.28 + 0.19 + 0.11 + 0.15

0.03 0.05 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.03 0.03 0.04 0.00 0.03 0.00 0.04 0.00 0.00 1.43 0.00 0.02 0.02 0.00 0.00 0.00 0.00 0.14 0.16 0.01 0.08 0.04 0.00 0.02 0.03 0.03 0.02 0.18 0.14 0.00 0.02 0.01 0.09 0.03 0.00 0.01 0.00 0.10 0.16 0.30 0.02 0.00 0.00 0.00 0.10 0.08 0.01 0.02 0.01 0.02 0.00 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.03 0.02 0.03 0.01 0.02

2.45 1.31 0.10 0.13 0.07 0.06 0.23 0.28 0.11 0.42 0.50 1.07 0.91 0.11 0.73 2.64 2.14 0.17 0.20 4.95 0.06 0.52 0.43 0.78 0.13 0.10 0.11 2.70 2.23 0.12 0.34 0.44 0.55 0.59 0.40 0.35 0.34 0.88 0.70 1.28 1.18 1.22 13.18 9.72 0.08 0.09 0.16 3.47 2.78 2.45 0.35 0.20 0.30 0.24 2.82 3.49 1.65 1.34 0.24 0.19 0.19 0.45 0.45 0.42 0.34 0.10 0.09 0.20 0.16 0.30 0.25 1.00 0.24

0.00 0.50 0.00 0.05 0.04 0.01 0.03 0.04 0.03 0.16 0.21 0.37 0.28 0.02 0.38 1.17 0.92 0.09 0.11 1.65 0.03 0.10 0.08 0.16 0.05 0.02 0.03 1.19 0.90 0.07 0.09 0.11 0.14 0.19 0.11 0.17 0.17 0.42 0.33 0.61 0.20 0.06 7.51 6.99 0.03 0.04 0.07 2.00 1.50 0.60 0.13 0.10 0.09 0.07 1.24 1.53 0.24 0.07 0.10 0.00 0.14 0.45 0.14 0.27 0.19 0.06 0.04 0.05 0.04 0.13 0.15 0.01 0.05

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

THE NORTHERN MINER / APRIL 4—17, 2022

Week High

Low 0.14 0.00 0.02 0.06 0.00 11.04 13.90 0.46 1.00 0.38 0.31 4.16 5.25 0.00 0.00 2.71 2.16 0.02 0.16 0.00 0.50 0.00 0.26 0.11 2.78 2.18 0.07 1.57 30.74 4.72 5.95 0.31 0.37 0.22 0.17 11.95 9.53 0.00 0.00 0.00 0.17 0.85 1.07 8.02 10.12 0.11 0.14 0.41 0.33 0.04 0.00 17.57 14.03 0.08 0.00 0.00 2.33 1.86 0.00 0.04 0.14 0.16 0.14 0.00 0.37 0.29 0.18 0.15 0.00 0.06 0.05 0.00 0.03 0.11 0.08 0.06 0.06 0.00 0.81 1.02 0.30 0.37 0.00 0.17 0.10 0.08 0.00 0.04 0.31 0.26 0.00 0.07 0.11 0.19 0.23 0.18 0.23 0.00 16.57 13.20 0.00 0.16 0.20 0.00 0.55 0.66 0.29 0.23 0.19 0.00 13.55 16.98 0.22 0.28 0.58 40.81 0.21 0.17 0.16 0.13 0.75 0.94 0.00 0.04 0.10 0.09 0.03 0.05 0.07 0.00 1.88 2.35 0.20 0.25 0.82 0.00 13.85 4.73 3.79 0.73 0.54 0.10 0.13 0.00 0.20 0.25 0.61 0.00 0.66 0.52 0.72 154.20 194.40 0.02 0.00 0.45 0.38 48.35 0.00 0.00 2.73 0.00 0.00 0.10 0.84 0.67 0.05 0.06

EEE Explor El Nino Vent El Nino Vent* Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Element79 Elevation Gold Elevation Gold* Eloro Res* Eloro Res Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining* Emgold Mining Eminent Gold Eminent Gold* EMP Metals EMP Metals* Emperor Metals EMX Royalty EMX Royalty* Encanto Potash EnCore Energy Endeavour Mng Endeavr Silver* Endeavr Silver 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 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 Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Evergold Evergold* Everton Res* EVI Global Grp Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc Exploits Disc* Fabled Silver Fabled Silver* Fairchild Gold Fairmont Res* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls FireFox Gold* FireFox Gold Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt First Energy First Energy* First Idaho First Majestic* First Majestic First Mg Fin * First Mg Fin First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp Fjordland Exp* Flow Metals Focus Graphite* Focus Graphite Fokus Mining Foran Mining* Foran Mining Foremost Lith* Foremost Lith Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min* Fortune Min Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Fox River Res FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Fredonia Mg Freegold Vent Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

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

88 44 163 114 57 6535 1986 421 836 3843 306 154 697 96 24 3067 599 15 351 35 29 102 3 115 63 813 10075 3102 5022 20020 2425 5 163 556 81 4338 27221 0 0 25 4 215 381 11612 3984 159 199 484 106 4 140 1369 271 4 362 362 742 621 577 23 199 607 81 33 481 115 389 50 115 45 49 3 20 979 37 10 227 226 2459 457 452 794 286 1037 822 191 14 19 216 19 648 996 785 144 704 225 229 190 1803 74 791 251 332 17 48 392 3563 434 669 0 25640 3242 1992 1596 613 7612 487 367 1651 985 1987 11735 739 104 447 35 16 628 1506 96 99 1976 359 1427 800 4 87 7471 36557 154 77 761 1085 1 663 898 228 57 78 836 850 2942 2397 1151 33 2317 422 70721 66 178 4896 172 387 4 425 1238 481 589

0.16 0.03 0.02 0.06 0.05 11.75 14.73 0.48 1.15 0.47 0.40 4.30 5.39 0.75 0.59 3.14 2.50 0.02 0.18 0.66 0.54 0.41 0.28 0.12 3.05 2.41 0.21 1.74 33.08 5.19 6.49 0.33 0.40 0.25 0.20 13.28 10.56 0.00 0.00 0.24 0.17 0.91 1.14 8.81 11.03 0.12 0.16 0.45 0.35 0.06 0.06 18.58 14.71 0.10 0.14 0.14 2.72 2.42 0.06 0.05 0.17 0.20 0.15 0.17 0.45 0.36 0.21 0.17 0.09 0.07 0.06 0.07 0.04 0.12 0.10 0.07 0.07 0.47 0.92 1.16 0.35 0.43 0.11 0.21 0.11 0.08 0.13 0.05 0.35 0.28 0.10 0.09 0.13 0.23 0.28 0.20 0.26 0.10 19.75 15.76 0.10 0.18 0.22 0.11 0.57 0.73 0.31 0.26 0.22 0.00 14.47 18.12 0.24 0.30 0.69 42.67 0.24 0.20 0.19 0.15 0.82 1.03 0.06 0.05 0.12 0.10 0.04 0.06 0.08 0.09 2.14 2.70 0.22 0.28 0.91 0.16 14.55 5.45 4.34 0.85 0.66 0.12 0.14 0.00 0.22 0.27 0.67 0.50 0.73 0.57 0.86 161.13 201.98 0.02 0.23 0.56 0.47 51.99 0.10 0.03 3.36 0.03 0.15 0.10 0.90 0.73 0.06 0.07

G2 Goldfields* G2 Goldfields Gabriel Res*

O V O

111 1358 42

0.64 0.80 0.15

Last

12-month Change

0.16 0.03 unch 0.02 unch 0.06 unch 0.04 11.59 + 14.43 + 0.48 + 1.03 0.42 0.33 4.20 + 5.25 0.74 + 0.58 + 2.85 2.28 0.02 unch 0.16 0.63 unch 0.51 + 0.40 + 0.28 + 0.11 2.89 unch 2.35 + 0.17 + 1.59 30.83 4.92 + 6.15 + 0.31 0.39 0.25 + 0.19 + 12.02 9.64 0.04 unch 0.03 unch 0.20 0.17 0.89 + 1.11 + 8.74 + 10.88 + 0.12 0.16 unch 0.42 0.35 + 0.05 + 0.06 + 18.12 14.56 0.09 + 0.11 + 0.11 + 2.44 1.96 0.05 0.04 0.15 + 0.19 unch 0.14 unch 0.16 0.45 + 0.34 + 0.20 + 0.16 0.09 + 0.07 + 0.06 0.07 unch 0.04 + 0.12 + 0.09 + 0.07 + 0.06 0.46 0.83 1.06 0.31 0.38 0.10 0.19 + 0.11 unch 0.08 + 0.13 + 0.04 0.31 0.27 + 0.10 unch 0.08 0.11 0.20 0.27 0.18 0.23 0.10 unch 19.45 + 15.57 + 0.10 + 0.17 + 0.21 + 0.11 0.55 0.69 0.30 + 0.26 + 0.20 + 0.09 unch 13.87 + 17.26 0.22 0.28 0.63 + 42.50 + 0.22 0.17 0.16 unch 0.13 0.77 + 0.97 + 0.06 + 0.04 + 0.11 + 0.10 + 0.04 + 0.06 + 0.07 unch 0.08 2.14 + 2.70 + 0.20 0.26 0.86 + 0.13 14.55 + 4.80 3.84 0.79 + 0.65 + 0.11 + 0.14 unch 0.15 unch 0.20 + 0.26 + 0.66 + 0.50 unch 0.73 + 0.56 + 0.78 + 158.09 + 196.98 + 0.02 0.23 0.47 0.38 + 51.93 + 0.10 unch 0.03 unch 3.08 + 0.03 unch 0.14 unch 0.10 + 0.86 0.69 0.05 0.07 -

0.05 0.00 0.00 0.00 0.00 0.57 0.55 0.01 0.08 0.04 0.03 0.02 0.04 0.01 0.02 0.17 0.16 0.00 0.03 0.00 0.00 0.02 0.03 0.02 0.00 0.02 0.11 0.01 2.07 0.11 0.11 0.02 0.01 0.02 0.01 0.21 0.06 0.00 0.00 0.02 0.00 0.01 0.02 0.72 0.76 0.00 0.00 0.01 0.01 0.01 0.01 0.41 0.14 0.01 0.02 0.02 0.17 0.12 0.01 0.01 0.00 0.00 0.00 0.01 0.09 0.06 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.10 0.11 0.02 0.04 0.01 0.02 0.00 0.00 0.03 0.00 0.02 0.02 0.00 0.00 0.01 0.03 0.02 0.01 0.01 0.00 2.59 2.16 0.02 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.04 0.13 0.01 0.01 0.05 1.33 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.23 0.34 0.02 0.01 0.04 0.03 0.64 0.46 0.34 0.10 0.11 0.00 0.00 0.00 0.01 0.02 0.02 0.00 0.03 0.01 0.05 3.49 2.26 0.00 0.05 0.06 0.00 3.85 0.00 0.00 0.35 0.00 0.00 0.00 0.03 0.01 0.00 0.01

Stock

0.25 0.05 0.05 0.15 0.12 12.33 15.25 0.59 1.65 2.64 2.19 4.63 5.44 0.88 0.74 4.14 3.35 0.69 0.85 1.05 1.00 1.02 0.42 0.29 4.45 3.67 0.20 2.27 35.94 7.76 9.32 0.37 0.45 0.29 0.24 14.33 11.39 0.08 0.51 0.55 0.30 0.91 1.14 9.55 11.49 0.24 0.30 0.50 0.41 0.16 0.20 29.76 22.30 0.10 0.14 0.14 3.55 2.93 0.25 0.14 0.50 0.60 0.30 0.38 0.72 0.68 0.47 0.39 0.12 0.08 0.20 0.27 0.20 0.43 0.44 0.42 0.12 0.58 3.23 4.10 0.77 0.89 0.14 1.35 0.20 0.17 0.20 0.47 0.48 0.39 0.13 0.15 0.17 0.44 0.88 0.32 0.40 0.13 19.33 15.33 0.20 0.35 0.40 0.30 0.75 0.91 0.43 0.40 0.32 0.10 18.93 22.73 0.42 0.50 0.75 42.85 0.71 1.00 0.30 0.24 1.00 1.25 0.07 0.05 0.18 0.11 0.07 0.16 0.18 0.22 2.42 3.09 0.42 0.44 1.30 0.50 19.55 9.97 7.98 1.05 0.86 0.19 0.22 0.76 0.47 0.56 1.77 0.57 0.79 0.73 0.96 168.37 216.32 0.15 0.37 0.89 0.47 51.94 0.25 0.06 3.36 0.04 0.65 0.57 1.78 1.47 0.12 0.14

Gabriel Res Galane Gold * Galane Gold Galantas Gold* Galantas Gold Galiano Gold Galiano 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* GCM Mining* GCM Mining General Gold Generation Min Generation Min* Generic Gold Genesis Mtls* Genesis Mtls Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold* GGX Gold Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake Gladiator Met 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* 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 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 Royalty* Gold State Res* Gold State Res Gold Std Vents Gold Std Vents* Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldcliff Res* Goldcliff Res Golden Arrow* Golden Arrow Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Spike Golden Star* Golden Tag Golden Tag* Goldex Res* Goldex Res Goldflare Expl Goldgroup Mng Goldgroup Mng* GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals GR Silver* GR Silver Granada Gold* Granada Gold Grande Portage* Grande Portage Granite Creek Granite Creek* Graphano Egy Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Panther* Great Panther Great Quest Fe Green Battery

0.14 0.03 0.02 0.05 0.04 7.46 9.52 0.28 0.67 0.38 0.31 2.40 3.06 0.53 0.43 0.21 0.18 0.11 0.15 0.42 0.43 0.22 0.09 0.08 2.35 1.85 0.04 0.95 24.03 3.35 4.28 0.15 0.19 0.17 0.13 5.55 4.32 0.03 0.02 0.20 0.15 0.55 0.69 5.47 6.99 0.07 0.09 0.33 0.26 0.04 0.05 15.01 11.76 0.05 0.08 0.08 1.92 1.57 0.05 0.04 0.14 0.16 0.07 0.10 0.35 0.28 0.18 0.14 0.05 0.04 0.04 0.06 0.03 0.11 0.02 0.00 0.05 0.31 0.61 0.76 0.29 0.36 0.08 0.16 0.07 0.05 0.10 0.00 0.22 0.15 0.06 0.04 0.09 0.13 0.15 0.14 0.15 0.05 2.65 2.12 0.06 0.13 0.17 0.11 0.39 0.50 0.26 0.14 0.12 0.09 9.29 11.87 0.20 0.26 0.05 20.67 0.05 0.02 0.08 0.06 0.35 0.45 0.03 0.03 0.07 0.05 0.03 0.04 0.06 0.08 0.82 1.00 0.07 0.10 0.58 0.12 10.25 3.77 2.91 0.52 0.00 0.07 0.10 0.15 0.11 0.15 0.61 0.26 0.43 0.25 0.42 121.20 152.43 0.01 0.13 0.32 0.23 29.45 0.09 0.02 0.69 0.02 0.11 0.02 0.75 0.57 0.04 0.06

G-H 0.46 0.58 0.14

0.64 0.80 0.14

+ + +

0.16 0.19 0.01

(100s)

High Low

0.57 0.28 0.74 0.35 0.29 0.12

Exc Volume V 191 O 941 V 1028 O 394 V 497 T 118 X 2179 V 50 V 20 O 18 V 3 O 226 V 353 V 212 O 280 O 107 V 362 V 1362 O 290 T 285 N 5442 O 161 T 850 C 29 T 1018 O 203 C 18 O 160 V 357 V 2254 V 0 V 1232 O 125 C 245 O 252 V 69 V 1147 O 804 V 0 V 151 O 26 O 1 V 56 V 404 O 314 V 624 O 361 O 286 V 641 V 20 V 0 V 0 O 173 V 3665 O 732 O 2353 O 867 T 1758 O 521 V 343 O 138 V 287 C 147 O 16 O 26 T 279 O 53 V 113 O 866529 O 2 C 152 V 3 T 2274 C 35 O 8 V 2094 O 681 N 30929 V 728 O 266 C 38 V 459 O 202 C 272 O 323 T 775 C 159 V 84 O 96 X 7303 X 2961 O 320 V 1168 T 1100 X 2387 C 1147 V 580 O 12 V 0 O 173 V 474 O 467 V 190 O 9 V 79 O 253 V 204 O 2 V 0 V 46 O 1 C 782 O 215 C 4554 T 118 X 3756 V 142 V 34 V 54 V 30 C 77 O 1 V 395 O 280 O 11 V 50 V 105 T 2089 O 125 O 149 V 15 T 1180 V 12 O 1 V 30 V 1082 C 98 O 95 O 665 C 7 O 162 V 300 O 28 V 91 V 25 O 20 O 217 V 604 V 35 O 1317 V 3968 O 1 V 102 V 29 O 595 V 1428 O 244 V 616 O 196 V 119 V 406 O 373 V 28 O 171 V 279 O 181 V 2967 C 89 V 229 X 18196 T 716 V 4141 V 543

Week High 0.19 0.12 0.14 0.61 0.75 0.81 0.65 0.60 0.02 0.13 0.17 0.46 0.57 0.05 0.04 0.29 0.37 0.36 0.29 6.62 5.26 4.80 6.04 0.27 1.01 0.85 0.27 0.09 0.13 0.43 0.00 0.30 0.22 0.50 0.40 0.07 0.21 0.17 0.00 0.14 0.14 0.12 0.15 0.40 0.33 0.06 0.04 0.30 0.37 0.20 0.00 0.00 0.07 0.09 6.76 13.49 3.73 4.70 0.19 0.25 0.21 0.26 0.08 0.06 1.23 1.53 0.16 0.19 0.00 0.22 0.27 0.25 3.24 0.10 0.22 0.18 0.14 16.60 0.11 0.09 0.35 0.13 0.06 0.08 1.18 1.48 0.11 0.90 0.77 2.54 4.35 0.06 0.07 0.63 0.51 0.05 0.07 0.05 0.00 0.11 0.14 0.14 0.17 0.10 0.13 0.04 0.05 0.16 0.00 0.22 0.16 0.10 0.08 0.21 0.74 0.59 0.18 0.18 3.92 0.12 0.30 2.15 0.33 0.26 0.06 0.07 0.10 0.05 0.03 0.16 0.22 2.41 0.21 0.17 0.12 0.36 0.04 0.03 0.06 0.11 0.42 0.52 0.68 0.86 0.06 0.19 0.99 1.24 0.17 0.35 0.45 0.12 0.18 0.11 0.22 0.28 0.06 0.07 0.50 0.62 0.17 0.13 0.42 1.46 1.80 0.89 1.12 0.32 0.23 0.29 0.36 0.14 0.12

Low

Last

12-month Change

0.17 0.19 + 0.10 0.11 0.13 0.14 + 0.37 0.57 + 0.49 0.70 + 0.77 0.78 + 0.61 0.63 + 0.52 0.52 0.00 0.02 0.11 0.13 + 0.00 0.17 + 0.41 0.45 + 0.50 0.57 + 0.00 0.05 0.03 0.04 + 0.25 0.28 0.32 0.34 0.33 0.35 + 0.27 0.28 5.38 5.43 4.30 4.36 4.60 4.75 + 5.78 5.91 + 0.00 0.27 unch 0.91 0.94 0.73 0.74 0.00 0.27 0.00 0.09 0.00 0.12 unch 0.38 0.41 + 0.00 0.14 unch 0.23 0.30 + 0.19 0.22 + 0.47 0.47 0.37 0.38 + 0.00 0.05 0.19 0.20 + 0.15 0.16 + 0.00 0.09 unch 0.13 0.14 0.11 0.11 0.10 0.10 0.00 0.15 unch 0.37 0.39 + 0.29 0.30 0.00 0.05 0.03 0.03 0.26 0.28 0.32 0.34 0.00 0.20 + 0.00 0.15 unch 0.00 0.36 unch 0.04 0.07 + 0.00 0.08 + 6.50 6.74 unch 13.05 13.39 + 3.49 3.51 4.37 4.38 0.13 0.18 + 0.18 0.23 + 0.16 0.19 0.00 0.23 0.00 0.08 + 0.05 0.06 + 0.00 1.16 + 1.41 1.45 unch 0.14 0.15 + 0.00 0.19 + 0.00 0.00 unch 0.20 0.20 0.18 0.20 0.00 0.25 + 2.97 3.13 + 0.09 0.09 unch 0.17 0.22 + 0.15 0.17 + 0.12 0.13 + 15.22 15.65 + 0.09 0.10 unch 0.07 0.07 0.35 0.35 unch 0.12 0.12 unch 0.04 0.04 0.04 0.08 + 1.08 1.17 + 1.34 1.46 + 0.10 0.11 + 0.00 0.85 0.67 0.68 2.31 2.42 + 3.87 4.14 + 0.04 0.06 + 0.06 0.07 + 0.59 0.60 + 0.46 0.48 0.04 0.05 unch 0.07 0.07 unch 0.00 0.05 + 0.00 0.11 unch 0.09 0.11 + 0.00 0.14 + 0.12 0.14 + 0.15 0.17 + 0.10 0.10 0.00 0.12 0.03 0.03 0.00 0.05 0.16 0.16 unch 0.00 0.15 unch 0.20 0.21 + 0.00 0.16 0.00 0.08 0.06 0.06 0.14 0.18 + 0.65 0.67 0.52 0.54 0.15 0.17 0.00 0.17 unch 3.75 3.80 0.00 0.12 0.27 0.27 0.70 2.05 unch 0.29 0.30 + 0.22 0.24 + 0.05 0.06 + 0.00 0.06 0.00 0.08 0.03 0.05 + 0.02 0.03 + 0.13 0.15 0.00 0.22 unch 2.21 2.23 0.00 0.19 0.17 0.17 unch 0.12 0.12 0.30 0.30 0.03 0.04 + 0.03 0.03 0.04 0.04 0.10 0.11 + 0.39 0.40 0.48 0.49 0.64 0.66 + 0.81 0.81 0.00 0.06 unch 0.19 0.19 unch 0.81 0.95 + 1.01 1.16 + 0.00 0.17 + 0.32 0.33 + 0.41 0.43 + 0.12 0.12 unch 0.00 0.16 0.00 0.11 unch 0.20 0.21 0.25 0.26 0.05 0.06 + 0.07 0.07 unch 0.41 0.47 + 0.52 0.60 + 0.16 0.16 0.12 0.13 0.00 0.40 unch 1.32 1.38 + 1.65 1.73 + 0.73 0.76 + 0.91 0.93 + 0.29 0.30 0.00 0.22 0.26 0.27 0.33 0.33 0.07 0.10 + 0.10 0.10 -

0.01 0.00 0.01 0.20 0.21 0.02 0.01 0.05 0.01 0.05 0.02 0.04 0.05 0.01 0.01 0.00 0.03 0.01 0.00 1.15 0.91 0.15 0.12 0.00 0.06 0.05 0.01 0.01 0.00 0.04 0.00 0.04 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.02 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.00 0.03 0.02 0.00 0.05 0.11 0.21 0.04 0.04 0.01 0.03 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.02 0.05 0.03 0.13 0.00 0.00 0.02 0.01 0.06 0.00 0.01 0.00 0.00 0.00 0.02 0.09 0.09 0.01 0.05 0.06 0.13 0.02 0.01 0.01 0.01 0.04 0.00 0.00 0.00 0.00 0.01 0.02 0.02 0.02 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.02 0.02 0.04 0.02 0.03 0.01 0.00 0.05 0.01 0.03 0.00 0.02 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.02 0.02 0.00 0.01 0.04 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.01 0.00 0.00 0.15 0.14 0.01 0.01 0.03 0.00 0.01 0.00 0.01 0.02 0.00 0.00 0.06 0.08 0.01 0.00 0.00 0.07 0.07 0.02 0.01 0.01 0.01 0.01 0.02 0.03 0.02

(100s) Stock

0.34 0.25 0.27 0.78 0.94 1.73 1.41 1.40 0.03 0.18 0.23 0.91 1.10 0.36 0.29 0.47 0.55 0.52 0.42 24.93 20.26 4.96 6.13 0.63 1.23 1.02 0.80 0.18 0.21 0.48 0.14 0.54 0.44 0.81 0.63 0.09 0.22 0.18 0.15 0.22 0.18 0.17 0.21 0.60 0.49 0.11 0.09 0.56 0.70 0.30 0.40 0.44 0.13 0.18 6.81 13.49 4.07 5.10 0.38 0.45 0.28 0.35 0.19 0.15 1.24 1.53 0.36 0.45 0.00 1.33 0.85 0.37 3.79 0.42 0.39 0.61 0.53 17.20 0.19 0.16 0.60 0.46 0.20 0.24 2.65 3.12 0.20 2.22 1.79 3.11 7.08 0.17 0.20 0.79 0.65 0.18 0.10 0.10 0.19 0.11 0.14 0.20 0.21 0.24 0.31 0.10 0.12 0.40 0.22 0.44 0.35 0.33 0.27 0.49 1.00 0.83 0.20 0.41 5.44 0.18 0.49 3.49 0.49 0.42 0.56 0.10 0.20 0.08 0.06 0.51 0.33 2.59 0.43 0.64 0.20 0.36 0.06 0.05 0.10 0.28 1.75 0.98 1.12 1.41 0.21 0.20 1.31 1.62 0.35 0.47 0.59 0.30 0.38 0.15 0.68 0.82 0.17 0.22 0.65 0.78 0.29 0.24 1.20 2.00 2.54 1.51 1.80 2.86 0.84 0.90 1.07 0.17 0.39

Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland Res Greenshield Ex Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GSP Resource Guanajuato Sil* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl Guyana Goldstr Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor Harmony Gold* Harvest Gold Harvest Gold* Hawkeye Gld&Di* Hawkeye Gld&Di Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highwood Asset Hochschild Mg* Homerun Res Honey Badger* Honey Badger Horizonte Mnls Horizonte Mnls* HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold* i-80 Gold

O C V V V C

31 101 144 3 55 451 810 0 533 702 1631 1492 0 268 601 211 48 472 1085 24 291 1497 0 0 0 89 87 185 2 1385 191 38408 157 109 4 3065 76 138 87 40142 219 161 99 14 11 4 0 0 215 110 621 165 31 0 95 0 281 466 1312 35 4831 4789 218 59 79 133 0 192 1832

0.06 0.07 0.07 0.24 0.13 0.27 0.77 0.00 0.15 0.19 0.08 0.09 0.00 0.18 0.39 0.45 0.16 0.52 0.65 0.10 0.12 0.16 0.00 0.00 0.00 0.04 0.27 0.22 0.16 0.05 0.24 5.40 0.19 0.15 0.02 0.03 0.07 0.25 0.20 7.12 0.45 0.56 0.87 0.14 0.19 0.05 0.00 0.00 1.15 0.93 0.15 0.12 0.21 0.00 1.78 0.00 0.06 0.08 0.12 0.15 8.29 10.40 0.06 0.05 0.04 0.04 0.00 3.28 4.03

I-Minerals IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls Iconic Mnls * Idaho Champion Idaho Champion* IEMR Res 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 Infield Min Infinite Ore Infinite Ore* Inflection Res Inomin Mines Intact Gold Integra Res* Integra Res Inter-Rock Mnl Interconnect Intercontinent Interra Copper Interra Copper* Intl Battery Intl Bethl Mng Intl Iconic* Intl Iconic Intl Lithium Intl Lithium* Intl Prospect Intl Prospect * Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite* Intl Zeolite Intrepid Pots* Inventus Mg * Inventus Mg InZinc Mining 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 Jaxon Mining* Jaxon Mining Jayden Res Jazz Res Jervois Mining Jervois Mining* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Metals* Kenadyr Metals Kenorland Min

V 32 T 4592 N 25385 O 3 V 564 O 272 C 851 O 983 V 0 V 1645 O 20 V 574 O 1 O 8 T 99 O 229 V 771 O 3 V 22 O 4190 V 244 O 62 V 14 V 54 V 1484 O 45 C 61 V 131 V 10 X 697 V 587 V 12 V 0 V 10 C 281 O 16 C 389 V 0 O 18 V 9 V 1049 O 651 V 201 O 10 O 101409 X 433 T 135 O 6 V 207 N 5356 O 643 V 761 V 118 O 17 O 97 V 208 C 65 O 150 V 832 O 190 V 1210 O 147 O 769 T 6055 C 822 O 0 V 12 V 0 T 418 O 109 V 35 O 41 V 37 O 21 V 599 V 24 V 104 V 941 O 1615 T 2455 O 85 V 1550 V 0 O 146 V 87 O 1 V 965 O 486 T 2631 O 240 V 66 V 16 V 8 V 168 C 1378 T 1271 V 2 O 178 O 130841 O 1 V 64 V 101

0.03 4.46 3.56 0.03 0.17 0.14 0.06 0.05 0.00 0.25 0.20 0.60 15.67 3.08 3.96 0.13 0.15 0.29 0.36 0.01 0.12 0.09 0.07 0.05 0.13 0.09 0.10 0.11 0.05 1.55 1.95 0.53 0.00 0.09 0.06 0.05 6.88 0.00 0.04 0.04 0.11 0.09 0.14 0.11 0.01 1.09 1.36 0.15 0.17 93.87 0.12 0.15 0.07 0.05 0.31 0.39 1.22 1.00 5.38 2.51 3.25 0.15 9.59 12.03 1.24 0.00 0.06 0.00 4.80 3.81 0.30 0.24 0.10 0.04 0.05 0.29 0.86 0.83 0.70 1.86 0.02 0.06 0.00 0.12 0.15 0.98 0.18 0.17 8.69 6.89 0.23 0.39 0.18 0.89 0.52 1.30 0.44 5.15 0.01 0.08 0.11 0.81

0.17 0.08 0.10 0.25 0.30 0.71 0.56 0.45 0.02 0.08 0.10 0.35 0.45 0.04 0.01 0.05 0.21 0.20 0.15 3.45 2.68 3.37 4.50 0.16 0.57 0.45 0.21 0.06 0.08 0.20 0.07 0.23 0.18 0.43 0.34 0.03 0.12 0.10 0.08 0.10 0.08 0.08 0.10 0.26 0.20 0.04 0.02 0.18 0.28 0.14 0.11 0.28 0.04 0.05 3.58 7.20 1.77 2.22 0.10 0.13 0.12 0.16 0.06 0.01 0.59 0.73 0.10 0.13 0.00 0.09 0.14 0.19 2.17 0.08 0.02 0.14 0.12 7.75 0.06 0.04 0.28 0.09 0.04 0.05 0.86 1.11 0.10 0.83 0.61 1.50 3.61 0.03 0.04 0.48 0.37 0.04 0.05 0.04 0.07 0.05 0.07 0.11 0.15 0.08 0.11 0.00 0.04 0.16 0.14 0.18 0.16 0.08 0.05 0.12 0.41 0.31 0.10 0.12 2.91 0.10 0.25 0.70 0.20 0.16 0.00 0.06 0.04 0.03 0.02 0.12 0.17 1.27 0.15 0.00 0.12 0.11 0.03 0.02 0.03 0.10 0.26 0.44 0.55 0.73 0.06 0.05 0.49 0.60 0.11 0.15 0.19 0.01 0.11 0.07 0.19 0.24 0.05 0.06 0.22 0.27 0.14 0.10 0.27 0.70 0.89 0.64 0.82 0.20 0.21 0.16 0.24 0.03 0.09

Exc Volume

Week

High Low

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

High

Low

Last

12-month Change

0.04 0.06 0.06 0.07 unch 0.05 0.07 + 0.00 0.21 0.00 0.11 0.25 0.27 + 0.60 0.72 + 0.00 1.95 unch 0.14 0.14 0.17 0.18 0.06 0.06 0.07 0.08 unch 0.00 0.15 unch 0.15 0.15 0.33 0.34 0.42 0.43 0.00 0.14 0.46 0.49 + 0.59 0.60 0.00 0.07 unch 0.11 0.11 + 0.14 0.14 + 0.00 0.54 unch 0.00 0.65 unch 0.00 0.13 unch 0.00 0.03 0.26 0.26 0.20 0.20 0.00 0.16 0.03 0.04 + 0.22 0.22 4.81 5.20 + 0.18 0.18 0.13 0.15 + 0.02 0.02 unch 0.00 0.02 unch 0.07 0.07 0.23 0.23 0.19 0.19 6.52 6.78 + 0.39 0.44 + 0.51 0.54 0.70 0.80 0.14 0.14 + 0.00 0.19 + 0.00 0.05 + 0.00 0.02 unch 0.00 0.35 unch 1.09 1.09 0.87 0.87 0.15 0.15 unch 0.11 0.12 0.00 0.20 0.00 11.00 unch 1.63 1.75 + 0.00 0.20 unch 0.06 0.06 0.07 0.07 0.12 0.12 + 0.05 0.07 7.90 8.02 + 9.93 9.98 + 0.00 0.06 unch 0.04 0.04 0.04 0.04 unch 0.00 0.04 unch 0.00 0.03 unch 2.76 2.87 3.53 3.60 -

High Low

0.01 0.00 0.01 0.03 0.02 0.03 0.10 0.00 0.02 0.02 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.24 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.06 0.00 0.01 0.07 0.00 0.01 0.01 0.00 0.00 0.04 0.03 0.00 0.00 0.01 0.00 0.03 0.00 0.00 0.01 0.01 0.09 0.12 0.02 0.00 0.01 0.00 0.00 0.00 0.19 0.26

0.07 0.09 0.08 1.20 0.20 0.35 0.77 1.98 0.23 0.27 0.07 0.09 0.17 0.18 0.42 0.51 0.50 0.70 0.74 0.15 0.25 0.32 0.59 0.75 0.20 0.13 0.55 0.45 0.51 0.10 0.49 5.76 0.24 0.19 0.04 0.05 0.20 0.65 0.27 9.44 1.47 1.81 2.32 0.39 0.53 0.11 0.02 0.35 2.08 1.65 0.17 0.13 0.47 19.00 2.99 0.21 0.16 0.15 0.18 0.15 9.60 11.62 0.24 0.19 0.23 0.13 0.04 3.28 4.03

0.02 0.03 0.05 0.19 0.10 0.06 0.30 0.16 0.07 0.09 0.02 0.03 0.14 0.09 0.22 0.27 0.14 0.29 0.36 0.05 0.03 0.04 0.43 0.55 0.10 0.03 0.22 0.16 0.15 0.03 0.20 3.00 0.10 0.00 0.01 0.01 0.06 0.14 0.11 4.50 0.39 0.50 0.50 0.13 0.16 0.03 0.01 0.20 0.98 0.79 0.08 0.06 0.18 4.72 1.30 0.04 0.04 0.06 0.10 0.05 5.22 6.70 0.06 0.04 0.02 0.03 0.03 1.88 2.26

0.01 0.23 0.21 0.00 0.01 0.00 0.01 0.01 0.00 0.07 0.06 0.01 0.41 0.17 0.27 0.01 0.02 0.02 0.02 0.00 0.01 0.01 0.02 0.00 0.02 0.01 0.02 0.01 0.01 0.06 0.05 0.05 0.00 0.01 0.01 0.00 1.31 0.00 0.00 0.00 0.01 0.00 0.02 0.02 0.00 0.08 0.12 0.01 0.02 20.15 0.01 0.00 0.01 0.00 0.02 0.03 0.01 0.09 0.35 0.51 0.62 0.01 0.47 0.46 0.67 0.00 0.00 0.00 0.28 0.26 0.02 0.01 0.03 0.01 0.01 0.01 0.11 0.06 0.06 0.06 0.00 0.01 0.00 0.02 0.02 0.13 0.01 0.01 0.10 0.00 0.01 0.02 0.01 0.00 0.12 0.32 0.01 0.08 0.00 0.00 0.01 0.08

0.06 4.62 3.85 0.10 0.34 0.28 0.23 0.20 0.04 0.68 0.57 0.87 21.00 4.92 5.95 0.20 0.23 0.42 0.45 0.04 0.19 0.15 0.11 0.42 0.28 0.21 0.43 0.16 0.09 3.48 4.19 0.65 0.10 0.24 0.30 0.23 5.76 0.12 0.13 0.16 0.14 0.11 0.25 0.40 0.02 1.26 1.63 0.24 0.33 93.87 0.16 0.22 0.09 0.05 0.79 0.59 2.35 1.93 6.61 2.35 3.00 0.35 10.32 13.15 0.95 0.07 0.11 0.06 7.33 6.00 0.41 0.32 0.21 1.00 0.09 1.05 0.99 0.83 0.70 1.86 0.12 0.10 0.87 0.39 0.50 1.80 0.40 0.66 9.36 7.60 0.40 0.85 0.59 1.25 0.75 1.35 0.94 5.39 0.02 0.32 0.45 1.50

0.02 2.75 2.16 0.00 0.13 0.10 0.04 0.04 0.02 0.14 0.10 0.42 10.38 2.27 2.95 0.09 0.11 0.16 0.29 0.00 0.05 0.04 0.05 0.04 0.06 0.04 0.08 0.08 0.03 1.36 1.74 0.40 0.08 0.09 0.04 0.03 0.38 0.03 0.03 0.04 0.05 0.03 0.11 0.09 0.00 0.62 0.79 0.08 0.11 22.82 0.10 0.12 0.03 0.01 0.26 0.32 0.92 0.72 1.95 0.88 0.61 0.02 4.96 6.27 0.30 0.03 0.05 0.02 3.70 2.79 0.25 0.19 0.04 0.02 0.04 0.22 0.27 0.40 0.25 0.67 0.01 0.03 0.59 0.09 0.13 0.31 0.16 0.10 5.75 4.42 0.15 0.25 0.15 0.70 0.10 0.12 0.26 2.35 0.00 0.06 0.11 0.65

I-J-K 0.00 0.03 + 4.14 4.37 + 3.27 3.50 + 0.03 0.03 unch 0.14 0.16 + 0.11 0.12 + 0.05 0.06 0.04 0.04 0.00 0.03 unch 0.15 0.25 + 0.12 0.20 + 0.54 0.56 15.67 15.67 2.92 2.95 3.54 3.67 0.11 0.11 0.13 0.14 0.26 0.26 0.00 0.33 0.00 0.00 unch 0.00 0.11 0.08 0.09 + 0.00 0.07 + 0.00 0.05 unch 0.00 0.13 + 0.08 0.09 + 0.00 0.10 0.00 0.11 0.00 0.05 + 1.41 1.49 + 1.78 1.84 + 0.00 0.50 0.00 0.08 unch 0.00 0.09 0.05 0.06 + 0.03 0.03 4.85 6.26 + 0.00 0.03 unch 0.03 0.03 0.00 0.04 unch 0.10 0.11 + 0.07 0.08 + 0.12 0.13 0.10 0.10 0.00 0.01 + 0.95 1.05 + 1.23 1.31 + 0.13 0.13 0.15 0.15 71.79 89.27 + 0.10 0.12 + 0.00 0.15 unch 0.00 0.06 + 0.04 0.05 + 0.28 0.28 0.35 0.36 1.10 1.14 0.88 0.88 4.47 4.68 1.80 2.29 + 2.22 2.89 + 0.13 0.15 + 8.91 9.36 + 11.19 11.65 + 0.64 1.22 + 0.00 0.06 unch 0.00 0.06 unch 0.00 0.03 unch 4.29 4.39 3.46 3.49 0.00 0.30 + 0.23 0.24 + 0.00 0.10 + 0.03 0.04 + 0.00 0.05 + 0.00 0.28 0.00 0.86 + 0.76 0.83 + 0.61 0.67 + 1.75 1.81 + 0.01 0.01 + 0.00 0.06 + 0.00 0.83 unch 0.09 0.10 0.13 0.14 0.00 0.59 0.16 0.17 0.13 0.15 8.16 8.37 6.48 6.72 unch 0.00 0.23 + 0.00 0.34 0.17 0.18 0.82 0.85 unch 0.39 0.52 + 0.88 1.18 + 0.00 0.38 + 4.88 4.90 0.00 0.01 + 0.08 0.08 + 0.00 0.11 + 0.71 0.71 -

(100s) Stock

Exc Volume

Week

12-month

High

Low

Last

0.00 0.00 0.08 0.07 0.00 0.09 0.00 0.03 0.04 0.15 0.19 0.00 0.00 0.00 7.02 5.58 0.13 0.78 0.62 0.15 0.19 0.05 0.06 1.24 0.31 0.38 0.12 0.16 0.05 0.37 0.29 0.45 1.20 0.97 0.04 0.00

0.03 0.10 0.08 0.07 0.17 0.09 0.12 0.03 0.04 0.17 0.20 0.04 0.07 0.10 7.15 5.73 0.13 0.79 0.65 0.15 0.21 0.05 0.07 1.38 0.31 0.40 0.14 0.17 0.05 0.39 0.32 0.49 1.31 1.05 0.04 0.03

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

0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.12 0.15 0.02 0.07 0.04 0.00 0.01 0.00 0.00 0.06 0.02 0.01 0.01 0.01 0.02 0.02 0.02 0.04 0.03 0.03 0.00 0.00

0.06 0.26 0.21 0.24 0.40 0.56 0.35 0.09 0.12 2.38 0.80 0.24 0.17 0.19 10.06 8.34 0.24 1.10 2.40 0.22 0.27 0.12 0.11 1.94 0.48 0.61 0.30 0.36 0.26 1.22 0.99 0.93 2.80 2.27 0.05 0.04

0.02 0.08 0.06 0.06 0.10 0.08 0.11 0.03 0.04 0.15 0.18 0.03 0.06 0.08 6.32 4.90 0.09 0.10 0.09 0.11 0.14 0.00 0.05 0.80 0.10 0.24 0.10 0.16 0.05 0.33 0.26 0.36 0.76 0.60 0.02 0.00

0.63 0.82 0.10 31.87 40.35 1.16 0.00 0.74 0.00 11.87 14.95 0.07 0.00 0.09 0.00 1.02 0.00 0.54 0.44 2.38 0.13 0.03 0.28 0.35 0.00 0.11 0.08 1.35 0.49 0.62 0.78 0.00 0.22 0.00 0.00 1.13 0.90 35.54 28.03 0.86 0.69 0.23 0.14 0.19 0.48 0.11 0.00 0.00 0.00 0.06 0.05 0.00 0.59 0.03 14.51 11.69 0.00 0.08 0.65 0.00 0.05 0.18 0.00 0.43 0.55 0.42 10.34 9.80 12.46 0.00 0.00 7.56 7.43

0.67 0.83 0.10 34.00 42.30 1.29 0.61 0.78 0.01 12.60 15.65 0.07 0.09 0.11 0.13 1.05 0.82 0.59 0.46 2.62 0.13 0.03 0.28 0.35 0.14 0.12 0.09 1.40 0.55 0.69 0.79 0.40 0.22 0.08 0.09 1.30 1.04 42.96 34.47 0.88 0.71 0.26 0.22 0.26 0.63 0.11 0.13 0.03 0.30 0.07 0.06 0.48 0.60 0.04 15.22 12.05 0.10 0.08 0.68 0.04 0.06 0.18 0.24 0.48 0.60 0.43 11.01 10.42 12.97 0.03 0.04 7.78 7.79

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

0.01 0.02 0.03 2.13 2.11 0.09 0.01 0.02 0.00 0.31 0.06 0.01 0.00 0.01 0.02 0.02 0.02 0.01 0.01 0.10 0.00 0.00 0.02 0.03 0.04 0.02 0.01 0.03 0.06 0.06 0.03 0.00 0.01 0.00 0.01 0.17 0.14 7.72 6.42 0.04 0.02 0.03 0.08 0.08 0.16 0.01 0.01 0.00 0.00 0.00 0.00 0.03 0.00 0.01 1.98 1.56 0.01 0.00 0.02 0.00 0.00 0.04 0.02 0.02 0.02 0.05 0.45 0.63 0.63 0.00 0.00 0.26 0.26

1.50 1.85 0.33 42.40 51.00 1.39 0.85 1.12 0.02 18.71 22.96 0.16 0.20 0.16 0.19 1.14 0.92 0.72 0.57 6.57 0.34 0.36 1.47 1.00 0.16 0.50 0.65 3.75 0.73 0.89 1.50 0.73 0.41 0.12 0.25 1.42 1.17 53.09 41.56 1.21 0.95 0.52 0.41 0.29 0.90 0.14 0.18 0.26 0.37 0.21 0.17 0.97 1.16 4.20 17.73 14.00 0.60 0.27 0.87 0.54 0.15 0.80 0.80 0.71 0.90 0.94 12.93 13.11 16.07 0.07 0.08 8.35 8.43

0.36 0.46 0.02 26.61 33.33 0.16 0.48 0.37 0.00 7.39 9.39 0.06 0.08 0.09 0.10 0.19 0.15 0.19 0.15 1.91 0.12 0.00 0.22 0.31 0.10 0.09 0.07 0.76 0.27 0.34 0.66 0.33 0.22 0.05 0.09 0.97 0.77 14.46 11.84 0.26 0.21 0.18 0.01 0.08 0.29 0.06 0.06 0.03 0.21 0.06 0.04 0.39 0.49 0.03 6.63 5.55 0.09 0.08 0.50 0.04 0.05 0.18 0.23 0.39 0.50 0.35 8.82 6.66 8.56 0.00 0.03 3.92 4.00

0.37 0.39 + 0.38 0.49 + 0.02 0.02 + 0.00 0.04 + 0.00 0.03 unch 0.00 0.07 + 20.40 21.25 + 0.00 0.29 + 0.76 0.76 unch 0.56 0.60 + 0.46 0.46 0.09 0.09 0.00 0.13 + 0.05 0.07 + 0.06 0.06 unch 0.07 0.08 unch 0.12 0.12 0.05 0.05 0.04 0.04 + 0.26 0.30 + 0.29 0.31 + 0.36 0.39 + 0.08 0.08 0.00 0.08 unch 2.69 3.27 + 2.18 2.60 + 0.24 0.30 + 0.30 0.37 + 0.00 0.06 + 0.00 0.06 0.05 0.05 0.00 0.07 0.07 0.09 + 0.15 0.17 + 0.17 0.17 0.15 0.15 0.25 0.28 + 0.32 0.35 + 2.27 2.33 2.87 2.90 0.00 0.30 + 0.00 3.00 + 3.80 4.04 + 0.12 0.13 unch 0.00 0.07 unch 374.39 393.94 + 0.10 0.11 + 0.12 0.14 + 0.10 0.10 unch 2.55 2.62 + 0.00 0.07 unch 0.05 0.05 + 0.42 0.46 + 0.54 0.57 + 0.00 0.23 unch 0.00 0.33 6.05 6.20 + 4.81 5.00 + 0.10 0.10 -

0.01 0.04 0.00 0.01 0.00 0.01 1.34 0.02 0.00 0.00 0.01 0.01 0.02 0.03 0.00 0.00 0.07 0.01 0.00 0.01 0.02 0.02 0.02 0.00 0.68 0.49 0.05 0.07 0.01 0.01 0.00 0.01 0.02 0.02 0.02 0.00 0.01 0.01 0.00 0.03 0.06 0.10 0.24 0.00 0.00 8.21 0.01 0.01 0.00 0.05 0.00 0.00 0.02 0.01 0.00 0.03 0.02 0.15 0.01

0.50 0.60 0.06 0.07 0.03 0.15 29.28 1.40 1.13 1.12 0.65 0.16 0.20 0.18 0.07 0.08 2.00 0.50 0.40 1.33 0.39 0.44 0.39 0.21 3.68 3.00 0.47 0.58 0.10 0.13 0.10 0.11 0.34 0.28 0.57 0.50 0.42 0.49 3.00 3.73 1.30 4.55 5.85 0.24 0.07 446.46 0.20 0.22 0.18 3.45 0.15 0.12 0.65 0.78 0.27 1.80 7.70 6.40 0.26

0.22 0.28 0.02 0.03 0.03 0.05 16.74 0.23 0.69 0.51 0.30 0.09 0.10 0.04 0.03 0.05 0.01 0.05 0.04 0.25 0.22 0.29 0.01 0.07 1.82 1.43 0.18 0.22 0.05 0.05 0.04 0.08 0.07 0.13 0.13 0.09 0.19 0.24 1.68 2.13 0.18 2.70 3.24 0.12 0.07 317.24 0.05 0.07 0.09 1.10 0.06 0.04 0.32 0.40 0.16 0.26 5.04 3.91 0.09

Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min Kings Bay Res Kingsmen Res Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

156 139 56 878 69 12 121 275 958 117 901 8 222 1 15632 71241 368 734 7 482 427 683 370 204 6 1232 905 6137 183 164 80 289 124 212 2353 9

0.03 0.11 0.08 0.09 0.17 0.09 0.13 0.03 0.05 0.17 0.22 0.04 0.07 0.10 7.32 5.82 0.15 0.86 0.67 0.17 0.21 0.06 0.07 1.40 0.35 0.43 0.18 0.19 0.08 0.39 0.32 0.55 1.35 1.07 0.04 0.03

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals* Latin Metals Laurion Mnl Ex Laurion Mnl Ex* Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold* Leocor Gold Leopard Lake Leviathan Gold Leviathan Gold* Li-Metal Libero Copper* Libero Copper Liberty Gold* Liberty One Li Lido Minerals Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes Los Andes* Lovitt Res Lovitt Res* Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lynas Corp* Lynas Corp*

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

428 413 127 36 1967 7627 58 2146 1549 724 645 58 187 24 15 225 46 368 205 11335 346 1 122 86 58 92 5 21 496 1046 585 0 75 2 62 298 409 6088 26714 1722 561 645 610 718 1080 377 390 0 0 1607 244 5 127 6142 43 11 20 143 995 28 2040 278 83 120 756 154 831 323 7746 4 84 262 277

0.70 0.87 0.14 34.11 42.71 1.39 0.62 0.83 0.01 13.96 17.47 0.08 0.09 0.11 0.14 1.06 0.85 0.62 0.50 2.84 0.14 0.03 0.33 0.40 0.14 0.12 0.10 1.50 0.57 0.72 0.85 0.00 0.24 0.08 0.11 1.31 1.04 44.64 35.68 0.98 0.78 0.26 0.28 0.31 0.66 0.14 0.14 0.00 0.00 0.07 0.06 0.50 0.64 0.09 16.86 13.46 0.10 0.08 0.69 0.04 0.06 0.21 0.29 0.50 0.63 0.48 11.03 10.50 13.15 0.03 0.04 7.96 8.06

Macarthur Min* Macarthur Min MacDonald Mns* MacDonald Mns Madeira Mrnls Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold 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 Manitou Gold Manitou Gold * Manning Vent* Manning Vent Mansa Explor Mantaro Prec Mantaro Prec* Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite* Mason Graphite Matachewan Con Matica Ent Maverix Metals Maverix Metals* Mawson Res*

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

200 1738 88 586 0 29 1454 33 114 199 563 4 69 408 15 301 6 686 377 191 867 2549 5 21 233 19 843 1272 13 359 241 1 3314 492 540 78 1899 953 209 1727 25 0 54 833 0 1733 707 2109 299 2 1 72 138 234 0 19 406 1409 133

0.41 0.51 0.03 0.04 0.00 0.07 22.22 0.29 0.78 0.64 0.53 0.10 0.13 0.07 0.06 0.08 0.19 0.06 0.05 0.30 0.32 0.40 0.08 0.08 3.30 2.61 0.30 0.37 0.06 0.07 0.06 0.07 0.10 0.17 0.20 0.16 0.30 0.35 2.49 3.04 0.30 3.00 4.19 0.13 0.00 394.89 0.11 0.14 0.10 2.62 0.07 0.07 0.48 0.60 0.00 0.35 6.37 5.08 0.11

Change

High Low

WWW.NORTHERNMINER.COM

APRIL 4—17, 2022 / THE NORTHERN MINER

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

Exc Volume

Week High

Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng McEwen Mng* McLaren Res MDN Inc* Medallion Res Medallion Res* Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium Mega Uranium* MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res* Melkior Res Meridian Mg Meridian Mg * Metal Energy MetalCorp* MetalCorp Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met Metallica Met* Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millbank Mg MillenMin Vent Millennial Pr Millennial Pr* Millennium Sil Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Hill Mineral Mtn Mineral Mtn* Mineral Res* Mineworx Tech* Mineworx Tech Minfocus Expl Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Mongoose Mg Monitor Vent Montage Gold Montage Gold* Montego Res* Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Min 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 Musk Metals Musk Metals* Muzhu Mining

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

274 1082 249 8 0 49 1102 16 0 1097 8669 543 32 262 144 1255 889 46 275 363 0 3591 448 874 236 335 1496 23 98 1517 73 870 90 318 318 404 516 63 30 1 234 1091 15 0 3 150 175 187 142 135 0 74 508 120 407 0 0 851 3323 1 506 217 0 830 1023 16 141 1743 2332 224 149 0 223 40 1 277 754 62 49 0 1034 552 12 5 37 81 689 27 107 248 46 11 0 268 71 18 26 74 69 411 24 400 117 238 52483 370 55 123 694 367 1202 73 21 239 566 335 85 225

0.14 0.48 0.07 0.05 0.00 1.15 1.42 0.18 0.00 1.15 0.92 0.07 0.15 0.12 0.10 0.73 0.59 0.03 0.03 0.00 0.00 0.36 0.28 0.15 0.12 0.03 0.04 0.22 0.31 1.06 0.83 0.18 0.02 0.06 0.04 0.43 0.34 0.09 0.07 0.02 0.25 0.08 0.11 0.00 1.98 0.12 0.13 0.51 0.27 0.03 0.00 0.53 0.38 0.19 0.25 0.00 0.00 0.59 0.47 0.00 0.05 0.06 0.00 0.38 0.31 0.24 0.31 0.53 0.64 0.07 0.09 0.00 0.15 0.12 36.63 0.06 0.08 0.38 0.15 0.00 0.72 0.08 0.45 0.06 0.10 0.03 0.04 0.53 0.67 2.40 1.88 0.20 0.00 0.89 0.70 0.02 0.68 0.08 0.11 0.11 0.08 0.53 0.27 0.32 71.50 0.08 0.13 0.18 0.84 0.71 0.18 0.19 0.15 0.09 0.11 0.06 0.06 0.12

NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Navis Res Corp* NEO Battery NEO Battery* Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Lithium Nevada Lithiu* Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals New Age Metals* New Destiny Mg New Energy Met* New Energy Met New Found Gold New Gold* New Gold New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg

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

120 84 155 235 5 425 209 36 97 20 16 457 2219 800 862 1111 1749 398 111 170 1408 259 382 0 29 584 711 362 55 29 99 581 26706 6248 437 947 1536 55 133 0 0 384 5 395 98 673

40.25 0.24 0.21 44.40 0.42 0.33 0.26 1.42 0.24 0.19 0.82 0.64 0.78 0.07 0.08 0.39 0.48 0.27 0.22 0.33 0.09 0.07 0.10 0.00 0.48 0.66 0.12 0.10 0.04 0.07 0.09 8.24 1.90 2.38 4.21 3.36 0.11 0.09 0.64 0.00 0.00 0.06 2.36 0.54 0.44 25.21

Low

Last

12-month Change

0.13 0.14 unch 0.42 0.48 + 0.00 0.07 0.05 0.05 + 0.00 0.07 unch 0.99 1.15 + 1.21 1.42 + 0.00 0.18 + 0.00 0.94 unch 1.06 1.08 unch 0.84 0.85 0.06 0.06 0.13 0.15 + 0.11 0.11 0.09 0.09 0.63 0.72 + 0.48 0.57 + 0.01 0.01 0.00 0.02 unch 0.00 0.00 unch 0.00 0.16 unch 0.33 0.35 + 0.26 0.28 + 0.13 0.13 0.10 0.10 0.00 0.03 0.00 0.03 0.18 0.18 0.26 0.27 0.89 0.97 + 0.73 0.77 + 0.14 0.14 0.02 0.02 unch 0.05 0.05 unch 0.00 0.04 + 0.39 0.39 0.30 0.31 0.07 0.08 0.00 0.05 0.02 0.02 unch 0.20 0.21 0.07 0.08 0.00 0.11 0.00 2.50 unch 0.00 1.98 unch 0.10 0.11 0.13 0.13 unch 0.48 0.50 + 0.25 0.26 unch 0.03 0.03 0.00 0.10 unch 0.48 0.52 + 0.34 0.35 unch 0.17 0.18 0.20 0.23 0.00 0.50 unch 0.00 0.05 unch 0.54 0.58 + 0.44 0.45 + 0.00 0.01 unch 0.04 0.05 0.00 0.06 unch 0.00 0.11 unch 0.33 0.38 + 0.26 0.30 + 0.23 0.24 + 0.29 0.31 + 0.46 0.51 + 0.58 0.62 + 0.07 0.07 + 0.08 0.08 unch 0.00 0.26 unch 0.13 0.14 0.11 0.11 0.00 36.63 + 0.06 0.06 + 0.07 0.07 0.00 0.24 0.00 0.14 0.00 0.27 unch 0.57 0.69 + 0.07 0.07 0.00 0.43 0.06 0.06 unch 0.00 0.08 0.03 0.03 + 0.03 0.03 0.00 0.53 + 0.63 0.65 + 2.26 2.27 1.81 1.84 + 0.20 0.20 unch 0.00 0.14 unch 0.83 0.87 + 0.62 0.69 + 0.02 0.02 unch 0.62 0.68 + 0.02 0.08 + 0.00 0.11 + 0.10 0.10 unch 0.07 0.07 0.43 0.50 + 0.23 0.23 0.27 0.29 64.15 71.34 + 0.07 0.08 unch 0.13 0.13 0.00 0.18 + 0.77 0.84 unch 0.61 0.67 + 0.13 0.15 0.17 0.18 + 0.14 0.15 + 0.08 0.08 0.00 0.10 unch 0.06 0.06 unch 0.04 0.04 0.10 0.12 +

High Low

0.00 0.04 0.01 0.01 0.00 0.16 0.21 0.01 0.00 0.00 0.02 0.01 0.02 0.01 0.00 0.11 0.09 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.03 0.03 0.09 0.07 0.02 0.00 0.00 0.01 0.02 0.02 0.01 0.02 0.00 0.04 0.02 0.02 0.00 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.04 0.00 0.01 0.01 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.06 0.05 0.00 0.01 0.04 0.03 0.01 0.00 0.00 0.02 0.01 4.46 0.00 0.01 0.15 0.01 0.00 0.10 0.01 0.01 0.00 0.02 0.00 0.01 0.02 0.02 0.02 0.02 0.00 0.00 0.04 0.04 0.00 0.05 0.01 0.02 0.00 0.00 0.03 0.02 0.02 9.26 0.00 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.02

0.33 0.47 0.40 0.30 1.26 2.06 2.11 0.20 1.45 2.07 1.71 0.10 0.85 0.46 0.39 1.43 1.81 0.05 0.06 0.01 0.17 0.42 0.34 0.47 0.38 0.09 0.11 0.53 0.68 1.34 1.08 0.25 0.05 0.07 0.11 0.68 0.56 0.35 0.28 0.03 0.57 0.20 0.69 3.33 2.62 0.20 0.23 0.50 0.39 0.13 0.12 0.90 0.54 0.40 0.42 0.60 0.05 0.74 0.94 0.03 0.09 0.11 0.11 0.50 0.46 0.52 0.58 0.63 0.73 0.13 0.16 0.30 0.26 0.21 48.27 0.08 0.11 0.43 0.36 0.37 0.72 0.23 0.70 0.12 0.15 0.13 0.16 0.88 1.02 2.61 1.93 0.50 0.36 1.02 0.85 0.02 2.00 0.86 0.71 0.21 0.16 0.79 0.51 0.64 71.38 0.19 0.19 0.24 0.88 0.71 0.72 0.35 0.27 0.15 0.17 0.14 0.12 0.21

0.12 0.14 0.06 0.04 0.01 0.40 0.49 0.08 0.62 0.94 0.73 0.04 0.13 0.08 0.06 0.45 0.32 0.01 0.02 0.00 0.14 0.18 0.14 0.08 0.07 0.02 0.03 0.20 0.24 0.34 0.27 0.10 0.01 0.03 0.02 0.32 0.25 0.07 0.05 0.02 0.19 0.07 0.11 2.15 1.73 0.09 0.11 0.15 0.19 0.02 0.10 0.46 0.25 0.00 0.20 0.40 0.05 0.30 0.27 0.01 0.04 0.05 0.07 0.23 0.17 0.23 0.29 0.37 0.49 0.01 0.07 0.13 0.10 0.08 27.13 0.04 0.06 0.16 0.11 0.04 0.31 0.06 0.33 0.06 0.08 0.02 0.03 0.49 0.62 1.55 1.25 0.19 0.10 0.58 0.45 0.01 0.21 0.01 0.06 0.10 0.01 0.27 0.11 0.16 28.26 0.06 0.11 0.15 0.40 0.32 0.13 0.16 0.13 0.05 0.06 0.05 0.00 0.10

3.66 0.02 0.00 4.88 0.11 0.05 0.04 0.07 0.02 0.00 0.02 0.08 0.06 0.01 0.02 0.07 0.09 0.01 0.01 0.01 0.03 0.01 0.02 0.00 0.02 0.07 0.01 0.00 0.00 0.01 0.02 0.26 0.07 0.04 0.35 0.27 0.00 0.00 0.00 0.00 0.00 0.01 0.13 0.01 0.01 1.44

44.00 0.43 0.40 44.40 3.00 1.31 1.21 1.42 1.38 1.09 1.07 0.99 3.15 0.17 0.22 1.50 0.84 0.78 0.75 0.60 0.12 0.10 0.18 0.19 0.58 0.65 0.21 0.17 0.10 0.17 0.12 13.50 2.23 2.68 7.64 5.84 0.24 0.19 0.79 0.28 0.09 0.08 4.10 0.74 0.61 28.00

20.75 0.20 0.15 14.22 0.30 0.14 0.11 0.27 0.19 0.15 0.32 0.39 0.49 0.04 0.06 0.23 0.27 0.23 0.18 0.22 0.05 0.04 0.05 0.10 0.27 0.34 0.09 0.06 0.04 0.04 0.07 4.11 1.01 1.29 3.08 2.38 0.08 0.05 0.19 0.13 0.04 0.04 1.59 0.45 0.35 19.11

N-O 35.60 39.66 + 0.22 0.24 + 0.17 0.19 unch 39.10 43.59 + 0.00 0.42 + 0.27 0.33 + 0.22 0.26 + 1.27 1.34 + 0.00 0.23 + 0.17 0.17 + 0.82 0.82 0.52 0.61 + 0.66 0.75 + 0.05 0.05 0.06 0.06 0.29 0.38 + 0.39 0.47 + 0.25 0.26 + 0.18 0.21 + 0.30 0.31 + 0.06 0.09 + 0.05 0.07 + 0.09 0.09 0.00 0.11 unch 0.44 0.48 + 0.54 0.65 + 0.12 0.12 0.08 0.10 + 0.00 0.04 unch 0.07 0.07 + 0.00 0.09 7.34 7.76 + 1.78 1.86 + 2.24 2.32 + 3.66 3.82 + 2.92 3.10 + 0.11 0.11 unch 0.08 0.09 + 0.61 0.62 unch 0.00 0.16 unch 0.00 0.05 unch 0.05 0.05 + 0.00 2.20 0.50 0.50 0.40 0.41 + 23.43 25.15 +

(100s) Stock

Exc Volume

Newcrest Mg* Newlox Gold Newmac Res Newmont Corp* Newmont Corp Neworigin Gold Newport Expl NewRange Gold* NewRange Gold Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold Nexus Gold* Nfld Discovery Nfld Discovery* 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* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Nobel Res Nobel Res* Noble Metal Noble Mineral Noble Mineral* Noka Res* Noram Vent Noram Vent* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light 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 Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* NSJ Gold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nubian Res* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold* NV Gold O2Gold O3 Mining OceanaGold* OceanaGold Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Odyssey Res Olivut Res* Olivut Res Omai Gold 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 Orca Gold* Orca Gold Ord Mountain Orea Mining Orea Mining* Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold* Orezone Gold Orford Mining Origen Res Original Sixtn* Orla Mining Oroco Res* Oroco Res 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 Outback Gold* Outcrop S&G Outcrop S&G* OZ Minerals*

O 1393 C 389 V 0 N 31821 T 851 V 119 V 409 O 74 V 218 N 444 T 8055 N 10383 T 515 V 1587 O 97 C 234 O 87 V 1225 O 30 V 569 O 89 O 694 T 824 V 255 V 893 O 1058 V 604 O 68 O 63 T 495 V 1547 V 487 T 366 O 438 V 205 O 12 V 682 O 44 V 50 V 252 O 84 O 6 V 369 O 286 O 33 V 1362 V 240 V 191 V 50 V 339 O 44 C 143 O 1 V 67 V 0 O 43 V 1367 O 125253 O 281 V 372 T 217 C 7287 O 236 V 336 O 190 V 384 C 757 O 84 O 115 V 400 V 507 T 4513 O 379 V 294 N 251 T 661 X 6742 T 518 V 306 O 205 V 0 O 11 V 300 V 60 O 77 C 10 C 10 T 847 X 18887 O 2 V 589 C 1607 O 285 V 4698 O 1601 N 16332 T 9839 O 467 V 225 V 842 V 53 O 32 T 8305 V 1123 O 3 V 1085 O 927 V 2 O 12 V 12 V 257 O 175 O 209 V 269 O 475 C 6246 O 55 V 159 V 733 O 560 O 100 V 460 V 0 V 215 O 199 V 2801 V 0 T 562 O 366 V 104 V 111 O 155 V 276 O 139 T 1336 V 3639 C 87 O 4 T 1597 O 494 V 479 V 0 O 0 T 119 O 58 O 112 V 523 O 75 N 10105 T 4528 O 8 V 377 T 3807 O 34 V 1040 O 478 O 3

P2 Gold* P2 Gold Pac Arc Res Pac Bay Mnrls* Pac Bay Mnrls Pac Booker Min Pac Booker Min*

O V V O V V O

(100s) Stock

Week High

Low

20.19 0.24 0.00 80.22 100.55 0.12 0.47 0.06 0.08 9.55 7.55 6.00 4.02 0.03 0.02 0.29 0.23 3.09 2.13 1.48 1.18 0.10 0.12 0.06 0.17 0.13 0.10 0.08 0.71 0.90 0.19 0.10 1.19 0.99 0.02 0.02 0.26 0.20 0.01 0.15 0.12 0.31 0.78 0.63 0.88 1.10 0.07 0.19 0.06 0.20 0.62 0.80 0.02 0.02 0.00 0.10 0.14 0.00 4.00 4.96 0.06 0.03 0.02 0.04 0.33 0.42 0.17 0.14 0.55 0.68 0.07 0.04 0.04 8.76 6.97 10.17 8.07 1.20 0.71 0.58 0.00 0.10 0.03 0.74 0.62 0.10 0.07 0.54 0.43 0.13 0.20 0.02 0.02 0.06 0.05 108.84 136.25 0.11 0.14 0.04 2.39 2.31 2.94 0.15 0.12 0.71 0.56 0.05 0.05 0.07 0.12 0.15 0.13 0.17 0.09 0.12 0.30 0.35 0.09 0.07 0.60 0.80 0.00 0.05 0.75 0.94 0.00 0.10 0.08 0.05 0.06 0.07 0.09 1.29 1.63 0.17 0.18 1.00 6.30 1.48 1.85 0.00 0.00 0.49 0.38 1.08 1.38 3.45 13.45 16.86 0.32 0.40 4.31 0.17 0.25 0.21 19.65

18.14 0.21 0.00 74.66 93.97 0.00 0.45 0.05 0.07 8.43 7.13 5.67 3.57 0.02 0.02 0.26 0.21 2.22 0.00 1.29 1.03 0.09 0.11 0.05 0.14 0.11 0.00 0.07 0.66 0.82 0.16 0.09 1.08 0.87 0.00 0.02 0.22 0.18 0.00 0.14 0.00 0.31 0.71 0.56 0.86 1.08 0.00 0.00 0.00 0.19 0.60 0.75 0.02 0.00 0.00 0.08 0.10 0.00 3.01 3.77 0.00 0.02 0.02 0.03 0.30 0.39 0.16 0.13 0.49 0.63 0.07 0.04 0.03 8.17 6.53 9.53 7.61 1.10 0.67 0.53 0.00 0.00 0.00 0.71 0.56 0.10 0.00 0.49 0.39 0.11 0.00 0.02 0.01 0.05 0.04 101.07 127.25 0.10 0.00 0.04 2.27 0.00 2.77 0.00 0.12 0.65 0.52 0.00 0.04 0.00 0.11 0.11 0.12 0.16 0.06 0.08 0.00 0.31 0.08 0.06 0.51 0.62 0.00 0.00 0.68 0.87 0.00 0.09 0.07 0.00 0.00 0.06 0.08 1.19 1.50 0.12 0.00 1.00 5.84 1.31 1.74 0.00 0.00 0.00 0.34 0.93 1.23 3.21 12.89 16.21 0.00 0.38 3.90 0.16 0.22 0.17 19.46

Last

12-month Change

20.17 + 0.23 + 0.29 unch 78.95 + 98.44 + 0.12 + 0.47 + 0.05 0.07 unch 9.21 + 7.21 + 5.78 + 3.57 0.03 + 0.02 + 0.26 0.23 2.90 + 2.13 + 1.44 + 1.17 + 0.09 0.11 0.06 + 0.14 0.12 0.10 0.07 0.69 + 0.86 0.19 + 0.10 unch 1.09 0.88 0.02 + 0.02 unch 0.22 0.19 0.01 unch 0.15 + 0.12 + 0.31 0.75 unch 0.60 0.87 + 1.10 + 0.07 unch 0.16 0.06 unch 0.20 unch 0.61 0.78 unch 0.02 unch 0.02 0.58 unch 0.10 + 0.12 + 0.00 + 3.53 4.35 0.06 + 0.02 0.02 0.04 + 0.32 0.39 0.17 0.14 0.52 + 0.65 + 0.07 unch 0.04 unch 0.03 unch 8.20 6.58 9.64 7.72 1.13 + 0.71 + 0.57 + 0.29 unch 0.10 0.03 unch 0.72 + 0.58 + 0.10 unch 0.06 0.51 0.41 + 0.13 + 0.16 0.02 unch 0.02 + 0.06 + 0.04 108.43 + 135.12 + 0.11 0.13 0.04 2.36 2.31 + 2.83 0.15 unch 0.12 unch 0.66 + 0.54 + 0.05 + 0.04 + 0.07 + 0.11 0.11 unch 0.13 + 0.17 unch 0.07 0.08 0.26 + 0.35 + 0.08 0.07 + 0.59 + 0.73 + 0.13 unch 0.05 0.72 + 0.92 + 0.20 unch 0.09 0.07 0.05 unch 0.05 unch 0.06 0.08 unch 1.28 unch 1.59 0.15 0.17 1.00 6.10 + 1.46 + 1.85 + 0.16 unch 0.17 unch 0.45 0.36 1.00 1.23 3.39 + 13.23 + 16.49 0.32 + 0.38 3.93 0.17 + 0.24 unch 0.20 + 19.65 +

High Low

1.31 22.70 14.81 0.02 0.61 0.19 0.00 0.31 0.09 4.99 80.75 52.60 6.05 103.71 66.25 0.02 0.29 0.08 0.01 0.54 0.34 0.00 0.17 0.04 0.00 0.22 0.06 0.82 12.86 6.50 0.09 8.09 4.14 0.11 6.50 3.27 0.08 4.90 1.77 0.01 0.08 0.02 0.00 0.06 0.01 0.03 0.63 0.27 0.02 0.52 0.21 0.56 3.09 0.52 0.69 5.00 0.42 0.09 1.61 0.46 0.08 2.00 0.38 0.00 0.13 0.05 0.01 0.16 0.07 0.01 0.06 0.03 0.02 0.33 0.07 0.01 0.26 0.06 0.01 0.25 0.07 0.01 0.20 0.06 0.01 1.12 0.52 0.01 1.35 0.64 0.02 1.07 0.16 0.00 0.17 0.09 0.07 1.84 0.90 0.03 1.48 0.70 0.01 0.08 0.02 0.00 0.04 0.00 0.03 1.03 0.13 0.00 0.87 0.10 0.00 0.03 0.01 0.01 0.16 0.10 0.00 0.13 0.08 0.02 0.74 0.29 0.00 1.05 0.44 0.01 0.88 0.34 0.00 0.94 0.18 0.01 1.11 0.23 0.00 0.11 0.04 0.02 0.39 0.12 0.00 0.13 0.05 0.00 0.55 0.17 0.02 0.86 0.36 0.00 1.11 0.45 0.00 0.05 0.01 0.01 0.06 0.02 0.00 0.65 0.22 0.02 0.12 0.05 0.02 0.14 0.07 0.00 0.00 0.00 0.10 4.60 0.25 0.25 5.85 0.36 0.01 0.06 0.03 0.01 0.07 0.02 0.00 0.09 0.01 0.01 0.09 0.01 0.00 0.46 0.00 0.01 0.55 0.16 0.01 0.45 0.16 0.01 0.36 0.12 0.01 0.91 0.40 0.01 1.10 0.50 0.00 0.15 0.06 0.00 0.09 0.04 0.00 0.07 0.03 0.33 20.50 6.36 0.13 17.24 5.07 0.25 12.58 7.62 0.12 10.45 5.97 0.01 3.10 0.96 0.04 0.94 0.33 0.05 0.77 0.28 0.00 0.49 0.29 0.01 0.35 0.07 0.00 0.10 0.02 0.01 1.42 0.54 0.01 1.18 0.43 0.00 0.31 0.06 0.01 0.28 0.04 0.01 0.88 0.37 0.02 0.70 0.29 0.02 0.43 0.11 0.03 0.47 0.14 0.00 0.03 0.01 0.01 0.02 0.01 0.01 0.20 0.03 0.00 0.16 0.02 8.78 108.34 52.28 10.06 135.76 66.05 0.00 0.34 0.09 0.01 0.40 0.12 0.01 0.38 0.04 0.01 2.79 1.89 0.11 2.31 1.48 0.01 2.94 1.79 0.00 0.32 0.10 0.00 0.25 0.09 0.01 0.79 0.43 0.02 0.67 0.33 0.01 0.06 0.03 0.00 0.11 0.03 0.01 0.08 0.04 0.01 0.25 0.09 0.00 0.27 0.00 0.00 0.26 0.09 0.00 0.32 0.12 0.00 0.12 0.03 0.01 0.13 0.03 0.02 0.54 0.20 0.05 0.65 0.26 0.01 0.25 0.08 0.00 0.22 0.06 0.09 0.60 0.28 0.08 0.80 0.35 0.00 0.35 0.11 0.01 0.08 0.03 0.03 0.73 0.32 0.03 0.94 0.40 0.00 0.20 0.20 0.01 0.31 0.08 0.00 0.26 0.06 0.00 0.12 0.05 0.00 0.11 0.05 0.00 0.16 0.06 0.00 0.20 0.08 0.00 1.39 0.69 0.01 1.70 0.87 0.03 0.27 0.12 0.01 0.55 0.17 0.00 1.50 0.06 0.05 6.30 3.71 0.07 3.02 1.31 0.11 3.66 1.68 0.00 0.34 0.15 0.00 0.27 0.02 0.03 0.54 0.23 0.04 0.42 0.18 0.03 1.40 0.77 0.05 1.61 1.01 0.09 6.45 3.06 0.09 15.12 10.64 0.05 18.59 13.54 0.00 0.42 0.27 0.03 0.52 0.35 0.25 5.02 2.33 0.00 1.22 0.15 0.00 0.46 0.14 0.00 0.40 0.11 0.20 21.04 15.58

P-Q 240 136 0 0 0 67 21

0.65 0.73 0.00 0.00 0.00 0.61 0.44

0.52 0.66 0.00 0.00 0.00 0.53 0.43

0.55 0.69 0.21 unch 0.09 unch 0.09 unch 0.55 0.44 -

0.02 0.02 0.00 0.00 0.00 0.05 0.00

1.60 0.83 0.26 0.10 0.18 4.99 3.90

0.28 0.34 0.14 0.09 0.08 0.53 0.43

Exc Volume

Week

12-month

High

Low

Last

0.00 0.24 0.20 0.03 0.00 0.00 0.40 0.60 0.00 0.00 0.09 0.00 0.01 0.24 0.19 0.26 0.32 34.25 27.18 0.55 0.68 0.06 0.07 0.00 0.00 0.15 0.23 0.06 0.00 0.31 0.00 0.69 0.11 0.04 0.61 0.78 0.09 0.05 22.72 0.06 0.05 0.07 0.00 0.00 0.06 5.31 4.23 1.63 0.00 0.04 0.13 0.00 1.41 0.04 0.00 0.67 0.51 0.00 0.70 0.00 0.79 0.98 0.00 0.00 0.00 0.04 0.04 2.70 2.15 0.00 0.08 0.01 0.06 3.26 4.13 0.12 0.09 0.03 0.00 0.20 0.26 0.03 0.04 0.12 0.09 14.97 18.86 0.00 2.81 3.42 0.00 0.30 0.00 1.46 1.83 0.38 0.31 0.37 0.00 0.13 0.06 0.05 0.00 0.11 0.31 0.00 0.47 0.77 0.00 0.55 0.68 0.10 0.08 0.00 0.27 0.21 0.00 0.16 0.00 0.04 0.18 0.24 0.00 0.03 0.00 0.51 0.00 0.22 0.00 0.18 0.09 0.61 0.76

0.03 unch 0.29 + 0.24 + 0.03 unch 0.04 unch 0.03 unch 0.44 + 0.63 0.16 unch 0.13 + 0.11 + 0.02 unch 0.01 0.24 0.19 0.27 + 0.33 + 35.23 + 28.27 + 0.58 0.70 0.06 0.08 0.02 unch 0.20 0.16 0.24 unch 0.06 + 0.09 0.33 + 0.15 unch 0.75 0.12 + 0.04 unch 0.64 + 0.78 unch 0.09 unch 0.06 25.95 + 0.08 + 0.06 + 0.08 0.10 0.08 + 0.07 + 5.35 4.32 1.81 + 0.04 0.04 + 0.13 unch 0.18 + 1.63 + 0.05 + 0.07 + 0.79 + 0.63 + 0.10 unch 0.70 0.14 0.88 + 1.11 + 0.20 unch 0.18 + 0.03 unch 0.04 unch 0.05 unch 2.74 2.18 unch 0.04 unch 0.09 0.07 + 0.06 unch 3.40 + 4.26 + 0.12 unch 0.09 0.03 0.04 + 0.22 0.27 0.03 + 0.05 + 0.14 + 0.11 + 15.05 unch 19.15 unch 0.12 unch 3.02 + 3.79 + 0.11 unch 0.30 unch 0.06 1.61 + 1.98 + 0.39 0.31 0.38 + 0.66 0.13 0.08 + 0.06 + 0.14 + 0.12 + 0.32 + 0.38 0.47 0.85 1.10 unch 0.56 0.70 0.12 + 0.08 unch 0.09 unch 0.27 unch 0.22 + 0.14 + 0.17 + 0.06 unch 0.05 + 0.20 + 0.26 + 0.11 + 0.03 + 0.04 unch 0.57 0.42 0.22 0.35 + 0.20 0.10 + 0.61 + 0.77 -

Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Palayan Res* O Paleo Resource V Paleo Resource* O Palladium One V Palladium One* O Pampa Metals* O Pampa Metals C Pan Am Silver T Pan Am Silver* D Pan Global Res* O Pan Global Res V Pancontinental* O Pancontinental V Pangolin Dia V Panoro Mnrls V Panoro Mnrls* O Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold* X 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 C Peloton Mnrls* 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 Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philippine Mtl V Phoenix Global* O Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res V Portofino Res* O Power Group* O Power Group V Power Metals* O Power Metals V PPX Mining* O PPX Mining V V Precipitate Gl Precipitate Gl* O Pretium Res* N Pretium Res T Prime Meridian V 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 Prospect Ridge C Prosper Gold 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 QNB Metals C O Quadro Res* Quadro Res V Quantum Batt C Quantum Batt* O Quartz Mtn Res* O Quartz Mtn Res V Quebec Nickel C Quebec Silica C Questex Gold* O Questex Gold V

55 1041 404 20 113 0 43 5415 221 34 1014 133 186 2282 814 3 480 2431 11183 107 144 747 1286 1 502 255 73 60 26 320 0 5779 3818 5 13 44 268 241 42852 1648 366 24 91 16 34 184 513 158 114 418 20 25 6 458 141 729 871 0 23 85 592 3102 42 101 11 11 857 552 4345 992 138 3 420 1298 20 818 109 1 94 560 798 1556 803 239 236 23438 1164 0 11 1161 0 4 40 700 440 224 43 189 25 500 439 353 112 60 28 156 482 106 117 718 1899 3708 3 0 1198 677 12 464 8 32 98 155 32 1375 564 212 1 1 7 788 276 15 34

0.03 0.33 0.25 0.03 0.04 0.00 0.44 0.66 0.17 0.13 0.12 0.02 0.02 0.29 0.23 0.27 0.34 36.46 29.15 0.61 0.75 0.06 0.09 0.02 0.21 0.16 0.25 0.06 0.10 0.35 0.00 0.81 0.14 0.04 0.64 0.83 0.09 0.07 27.70 0.08 0.07 0.10 0.10 0.08 0.07 6.43 4.82 1.82 0.04 0.04 0.13 0.18 1.63 0.05 0.07 0.81 0.64 0.00 0.71 0.15 0.88 1.11 0.20 0.18 0.03 0.04 0.05 2.98 2.37 0.04 0.10 0.07 0.07 3.59 4.48 0.13 0.10 0.03 0.04 0.23 0.30 0.03 0.05 0.14 0.11 15.65 19.65 0.00 3.02 3.84 0.00 0.30 0.06 1.66 2.08 0.39 0.32 0.38 0.75 0.15 0.08 0.16 0.14 0.12 0.40 0.40 0.51 0.89 1.12 0.60 0.75 0.12 0.08 0.00 0.29 0.23 0.14 0.17 0.06 0.05 0.20 0.26 0.12 0.03 0.04 0.60 0.44 0.22 0.35 0.21 0.10 0.63 0.83

Rackla Metals Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Recharge Res* Recharge Res Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Richmond Mnls* Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold Riley Gold* Rio Silver Rio Silver* Rio Tinto*

0 1268 501 57 8 27 23 0 548 41 24 152 10693 373 44 375 0 182 1135 926 2641 731 219 183 0 314 211 155 10 0 208 789 1080 467 415 6 301 16842

0.00 0.21 0.36 0.05 0.28 2.30 0.18 0.00 1.32 0.04 0.16 0.12 0.09 0.04 0.44 1.29 0.00 0.06 0.08 0.09 0.30 0.25 0.76 0.60 0.00 0.60 0.72 0.62 0.05 0.04 0.37 0.03 0.03 0.24 0.23 0.06 0.09 79.59

Change

Stock

0.00 0.04 0.04 0.00 0.00 0.00 0.02 0.00 0.00 0.02 0.00 0.00 0.01 0.01 0.00 0.02 0.02 0.36 0.60 0.02 0.06 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.00 0.00 0.02 0.00 0.02 0.00 0.00 0.00 4.07 0.02 0.01 0.01 0.01 0.01 0.01 0.45 0.27 0.02 0.01 0.00 0.00 0.01 0.18 0.01 0.01 0.11 0.09 0.00 0.08 0.01 0.09 0.15 0.00 0.03 0.00 0.00 0.00 0.04 0.00 0.00 0.01 0.00 0.00 0.11 0.11 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.09 0.21 0.00 0.00 0.01 0.08 0.06 0.01 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.01 0.00 0.00 0.02 0.02 0.00 0.02 0.02 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.00 0.01 0.01 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.03 0.01 0.01 0.01 0.03

0.06 0.58 0.47 0.06 0.08 0.05 0.88 0.80 0.37 0.36 0.50 0.04 0.10 0.37 0.31 1.07 0.60 43.95 36.14 0.70 0.87 0.15 0.19 0.05 0.22 0.18 0.34 0.07 0.68 0.44 0.15 1.10 0.59 0.05 1.39 1.68 0.20 0.16 27.28 0.10 0.10 0.13 0.17 0.12 0.09 11.45 9.42 1.88 0.07 0.07 0.18 0.22 1.61 0.09 0.12 0.85 1.10 0.40 1.29 0.55 0.86 1.07 0.35 0.24 0.06 0.05 0.08 6.61 5.34 0.05 0.30 0.29 0.17 4.79 6.15 0.17 0.14 0.10 0.16 0.26 0.31 0.50 0.05 0.20 0.16 15.51 20.13 0.14 4.15 5.24 0.14 0.42 0.10 1.85 2.33 0.60 0.48 2.75 2.28 0.18 0.10 0.16 0.36 0.30 5.85 0.50 0.64 2.11 2.60 1.99 1.81 0.20 0.24 0.30 0.47 0.37 0.27 0.33 0.26 0.21 0.40 0.50 0.25 0.13 0.16 5.85 5.85 0.29 0.36 0.41 0.27 1.07 1.37

0.02 0.10 0.08 0.02 0.03 0.02 0.36 0.27 0.13 0.10 0.03 0.01 0.01 0.17 0.13 0.19 0.26 26.52 20.74 0.37 0.45 0.06 0.07 0.01 0.11 0.08 0.12 0.05 0.08 0.27 0.15 0.53 0.08 0.02 0.46 0.61 0.05 0.03 2.61 0.04 0.02 0.07 0.09 0.06 0.04 4.17 3.25 0.99 0.03 0.01 0.02 0.10 0.01 0.04 0.04 0.35 0.25 0.24 0.40 0.13 0.20 0.24 0.13 0.15 0.02 0.03 0.04 1.83 1.44 0.02 0.08 0.00 0.05 2.41 3.05 0.08 0.06 0.02 0.03 0.13 0.17 0.00 0.03 0.07 0.06 8.29 10.40 0.06 2.19 2.71 0.04 0.19 0.06 1.03 1.29 0.29 0.25 0.20 0.42 0.08 0.06 0.00 0.11 0.05 0.28 0.13 0.15 0.59 0.83 0.43 0.56 0.08 0.07 0.07 0.15 0.11 0.11 0.15 0.04 0.03 0.14 0.18 0.05 0.02 0.03 0.41 0.20 0.00 0.16 0.10 0.05 0.43 0.54

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 Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold RosCan Gold* RosCan Gold Ross River Rover Metals Rover Metals* Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining Rugby Mng Running Fox Rs Rupert Res* Rupert Res Rusoro Mng* Rusoro Mng

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

0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.00 0.02 0.21 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.00 0.01 0.00 0.03 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.05 4.09

0.44 0.34 0.40 0.12 0.50 3.80 0.26 0.15 2.75 0.06 0.16 0.31 0.53 0.19 0.82 1.25 0.37 0.11 0.12 0.13 0.30 0.25 0.83 0.67 0.39 0.86 1.06 1.70 0.07 0.04 0.77 0.18 0.23 0.74 0.61 0.09 0.11 95.97

0.28 0.19 0.20 0.04 0.22 1.69 0.10 0.00 0.73 0.02 0.11 0.08 0.00 0.03 0.37 0.70 0.17 0.05 0.06 0.04 0.06 0.04 0.50 0.40 0.13 0.44 0.55 0.53 0.03 0.03 0.30 0.02 0.03 0.22 0.18 0.04 0.01 59.58

S2 Minerals Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res* Sable Res Sailfish Rylty Salazar Res* Salazar Res Sama Res Sama Res* Samco Gold San Lorenzo Sanatana Res* Sanatana Res Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama 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 Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightRes Secova Metals* Secova Metals Sego Res Select Sands Sennen Potash Serabi Gold Sherritt Intl Shine Minerals Shine Minerals* Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Grande* Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* 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 Grail Silver Hammer Silver Hammer* Silver One* Silver One Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Valley Silver Viper* Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverstock Silverton Met Silverton Met* Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Snowline Gold Snowy Owl Sokoman Min

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

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

0.00 0.41 0.19 0.20 0.33 0.35 0.04 0.05 0.00 0.27 0.00 2.10 0.00 0.18 0.00 0.00 1.07 1.20 0.00 0.03 0.11 0.11 0.11 0.12 0.04 0.06 0.03 0.04 0.42 0.43 1.06 1.29 0.00 0.17 0.05 0.06 0.07 0.08 0.00 0.09 0.27 0.30 0.21 0.24 0.67 0.70 0.54 0.56 0.00 0.13 0.53 0.56 0.67 0.70 0.00 0.55 0.00 0.05 0.04 0.04 0.36 0.36 0.02 0.02 0.03 0.03 0.00 0.23 0.18 0.20 0.00 0.06 0.04 0.09 76.31 79.52

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

11 7 423 366 53 47 187 289 78 146 224 13 110 568 120 356 95 177 46 98 402 773 0 0 627 279 1092 490 1439 368 254 716 0 514 64 1462 40 2296 539 81 80 103 429 383 44 1405 267 125

79.12 86.12 0.64 0.79 0.80 0.66 0.17 0.14 0.10 0.12 0.34 0.05 5.00 6.34 0.05 0.07 0.04 0.09 0.11 0.15 0.11 0.45 0.00 0.00 0.44 0.26 0.34 0.06 0.05 0.16 0.32 0.40 0.00 0.05 0.05 0.06 0.03 142.67 0.30 0.03 0.03 0.11 0.19 0.02 5.37 6.73 0.05 0.06

+ 0.00 79.12 + 0.00 85.89 0.59 0.61 0.75 0.76 + 0.00 0.74 + 0.54 0.60 0.16 0.17 unch + 0.13 0.13 + 0.09 0.10 0.00 0.11 0.28 0.33 0.00 0.05 unch + 3.65 4.85 + 4.57 6.01 0.05 0.05 0.06 0.06 0.04 0.04 unch 0.07 0.07 + 0.10 0.11 0.14 0.15 0.10 0.10 + 0.26 0.44 0.00 0.07 unch 0.00 0.08 unch + 0.37 0.41 + 0.20 0.26 + 0.26 0.33 + 0.00 0.05 + 0.04 0.05 0.14 0.16 unch 0.29 0.30 0.37 0.37 0.00 0.26 unch + 0.05 0.05 0.00 0.04 + 0.00 0.05 0.03 0.03 + 136.38 140.33 + 0.00 0.28 0.03 0.03 unch 0.00 0.03 0.00 0.09 unch 0.00 0.17 0.00 0.02 + 4.21 5.37 + 6.70 5.32 0.04 0.04 0.00 0.06

42 1163 8128 60 637 29 52 190 380 66 0 110 181 178 233 18 8522 1152 2822 33 81 492 456 1 494 1 13 348 228 168 43 508 733 326 1288 0 24 480 1777 30 143 347 124 424 588 0 1207 406 344 0 30 7730 0 5 5 25077 1204 461 3324 7 0 92 299 238 1285 2399 399 1756 516 573 23 97 88 521 242 62 1 436 523 876 364 16 61 57 22 30 194 596 299 98 459 478 386 82 21 1098 370 2113 6804 2892 1236 102 77 117 5 496 1229 365 315 78 831 134 83 10 1038 473 80 602 167 582 358 982

0.23 1.45 1.83 0.17 0.23 1.50 0.24 0.28 0.27 0.21 0.00 0.12 0.14 0.18 0.17 0.21 8.44 10.57 0.52 0.27 0.33 0.43 0.15 0.12 3.07 0.26 0.03 0.12 0.15 0.08 0.06 0.83 0.77 0.20 0.25 0.00 0.62 25.00 19.90 0.31 0.32 0.17 0.15 0.08 0.10 0.00 0.08 0.10 0.12 0.00 0.90 0.83 0.00 0.13 4.40 18.63 0.20 0.09 0.11 0.22 0.00 0.51 0.62 1.82 1.45 15.22 18.78 0.10 0.08 0.06 0.05 0.30 0.24 0.85 0.68 1.44 0.00 0.68 0.56 0.41 0.49 0.40 0.10 0.13 0.14 0.17 0.10 0.14 0.03 0.04 0.19 0.36 0.45 0.17 0.13 0.29 0.27 5.16 4.11 9.83 12.38 0.23 0.20 0.15 0.07 0.10 0.15 0.12 0.06 0.05 16.83 0.10 0.07 0.05 0.79 0.63 0.04 0.04 0.15 1.05 0.05 0.40

High Low

3.88 2.45 0.01 0.02 0.04 0.06 0.00 0.00 0.01 0.01 0.01 0.00 1.14 1.44 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.19 0.00 0.00 0.05 0.07 0.08 0.01 0.01 0.00 0.00 0.04 0.00 0.01 0.00 0.01 0.01 3.17 0.03 0.00 0.01 0.00 0.01 0.01 1.11 1.30 0.01 0.01

94.42 106.55 0.75 0.87 0.99 0.80 0.24 0.19 0.21 0.25 0.48 0.14 7.53 9.38 0.07 0.08 0.05 0.13 0.17 0.29 0.19 0.43 0.10 0.16 1.01 0.46 0.58 0.06 0.04 0.43 0.55 0.64 0.26 0.12 0.12 0.12 0.07 142.67 0.40 0.14 0.18 0.23 0.24 0.06 5.10 6.08 0.09 0.14

57.41 63.01 0.40 0.53 0.36 0.28 0.13 0.10 0.01 0.10 0.26 0.04 3.09 3.83 0.04 0.05 0.03 0.00 0.10 0.13 0.09 0.10 0.05 0.07 0.32 0.17 0.22 0.04 0.02 0.12 0.11 0.23 0.26 0.04 0.03 0.04 0.03 92.01 0.24 0.03 0.03 0.09 0.09 0.02 2.67 3.44 0.03 0.04

0.05 0.15 0.23 0.01 0.01 0.07 0.00 0.00 0.01 0.02 0.00 0.01 0.01 0.02 0.01 0.01 0.31 0.25 0.02 0.04 0.02 0.02 0.01 0.00 0.09 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.03 0.04 0.00 0.06 0.13 0.13 0.06 0.04 0.01 0.01 0.01 0.02 0.00 0.01 0.01 0.02 0.00 0.05 0.09 0.00 0.00 0.40 0.36 0.02 0.02 0.03 0.00 0.00 0.06 0.07 0.06 0.02 2.54 3.20 0.00 0.00 0.01 0.00 0.01 0.02 0.04 0.02 0.07 0.00 0.00 0.01 0.00 0.01 0.03 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.14 0.11 0.16 0.05 0.07 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.66 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.01 0.11 0.00 0.05

0.30 1.71 2.14 0.35 0.40 1.65 0.32 0.42 0.28 0.22 0.05 0.30 0.15 0.20 0.21 0.25 9.31 11.34 0.58 0.28 0.82 0.92 0.18 0.14 4.49 0.35 0.09 0.21 0.26 0.17 0.14 0.98 2.88 0.24 0.27 0.55 0.80 26.21 20.87 1.24 1.05 0.33 0.40 0.09 0.11 0.22 0.22 0.16 0.12 0.45 1.49 0.85 0.17 0.13 5.16 20.68 0.28 0.12 0.15 1.25 1.20 0.79 1.07 4.83 3.92 15.22 18.78 0.20 0.20 0.16 0.15 1.55 1.25 1.36 1.11 4.30 0.25 1.08 0.86 0.67 0.79 0.85 0.23 0.23 0.29 0.25 0.22 0.26 0.47 0.11 0.34 0.70 0.80 0.60 0.51 0.52 0.41 8.07 6.72 10.40 12.99 0.29 0.87 0.64 0.11 0.14 0.34 0.27 0.09 0.07 17.11 0.25 0.25 0.21 0.87 0.70 0.12 0.16 0.43 1.05 0.16 0.78

0.13 0.95 1.23 0.12 0.16 1.09 0.21 0.26 0.12 0.09 0.05 0.08 0.06 0.07 0.13 0.17 5.31 6.86 0.22 0.15 0.28 0.35 0.10 0.08 2.20 0.20 0.03 0.01 0.12 0.07 0.06 0.40 0.18 0.12 0.16 0.44 0.45 18.85 14.85 0.16 0.20 0.12 0.01 0.03 0.06 0.00 0.06 0.04 0.04 0.45 0.85 0.36 0.09 0.07 2.71 11.15 0.05 0.06 0.08 0.20 0.05 0.31 0.39 1.42 1.13 3.84 4.50 0.06 0.05 0.04 0.00 0.27 0.18 0.56 0.38 1.24 0.11 0.25 0.26 0.28 0.36 0.23 0.07 0.07 0.02 0.09 0.07 0.10 0.03 0.03 0.11 0.29 0.38 0.12 0.08 0.23 0.00 3.95 3.08 6.60 8.30 0.18 0.15 0.10 0.04 0.06 0.09 0.06 0.04 0.03 11.24 0.07 0.06 0.05 0.31 0.24 0.00 0.04 0.06 0.24 0.05 0.27

S 0.19 1.19 1.49 0.16 0.21 1.43 0.21 0.00 0.25 0.19 0.00 0.10 0.13 0.16 0.14 0.00 7.90 9.97 0.43 0.00 0.30 0.37 0.00 0.00 2.90 0.00 0.00 0.01 0.14 0.00 0.06 0.77 0.61 0.18 0.22 0.00 0.00 23.64 18.88 0.26 0.00 0.16 0.12 0.07 0.09 0.00 0.06 0.00 0.11 0.00 0.00 0.72 0.00 0.12 0.00 17.10 0.16 0.06 0.08 0.00 0.00 0.42 0.52 1.64 1.30 12.02 15.01 0.09 0.07 0.05 0.03 0.27 0.19 0.78 0.62 1.33 0.00 0.63 0.50 0.36 0.46 0.00 0.00 0.00 0.10 0.00 0.09 0.11 0.03 0.04 0.15 0.31 0.39 0.15 0.12 0.26 0.21 4.81 3.84 9.19 11.58 0.00 0.16 0.13 0.07 0.08 0.12 0.10 0.05 0.04 14.92 0.09 0.00 0.00 0.71 0.57 0.04 0.00 0.13 0.85 0.05 0.34

+ 0.23 1.22 1.51 + 0.17 + 0.22 + 1.50 0.23 0.28 unch 0.25 0.19 0.05 unch + 0.11 + 0.14 + 0.18 0.15 0.21 + 8.27 + 10.28 + 0.43 0.25 0.30 0.39 0.14 0.12 unch + 3.01 0.26 unch 0.03 unch + 0.12 0.14 0.08 unch 0.06 + 0.82 0.66 + 0.20 + 0.25 0.47 unch + 0.62 23.80 + 19.11 0.26 + 0.32 + 0.17 + 0.14 + 0.08 + 0.10 0.06 unch 0.06 + 0.10 + 0.12 0.45 unch 0.85 + 0.81 0.10 unch + 0.12 + 4.40 17.26 0.17 + 0.08 + 0.11 0.22 unch 0.05 unch + 0.47 + 0.59 + 1.69 + 1.35 + 14.53 + 18.14 0.09 unch + 0.08 + 0.06 + 0.05 0.27 0.21 + 0.83 + 0.66 + 1.40 0.18 unch 0.65 unch + 0.53 + 0.38 + 0.48 + 0.31 0.09 0.11 + 0.11 + 0.16 0.10 0.13 unch 0.03 0.04 + 0.17 0.31 0.40 + 0.16 + 0.13 0.27 + 0.22 4.87 3.87 + 9.49 + 11.85 0.17 + 0.20 0.14 0.07 0.09 + 0.13 + 0.10 0.05 0.04 15.38 + 0.10 0.07 unch 0.05 0.73 + 0.60 + 0.04 0.04 + 0.14 + 1.01 0.05 unch + 0.38

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / APRIL 4—17, 2022

Week

Exc Volume

Low

Last

0.26 12.31 0.41 0.51 0.00 1.01 0.80 0.15 0.00 0.00 0.17 0.06 0.03 0.00 0.15 0.12 0.00 74.95 0.12 0.14 0.34 0.27 0.20 0.00 0.23 0.18 0.08 0.06 0.12 0.00 0.12 0.09 0.00 0.00 0.83 21.18 26.64 0.09 0.33 0.26 0.80 0.00 0.00 0.00 0.01 6.74 0.17 0.22 0.01 0.28 0.21 0.00 0.16 0.00 1.32 1.05 0.04 0.05 0.24 0.19 1.55 1.30 0.00 0.20 0.12 0.00 0.10 0.08 0.18 0.11 0.09 0.00 0.08 0.30 0.00 0.00 0.03 0.08 0.06 0.43 0.32 0.40 0.64 0.78 0.00 0.00 0.00 1.00 1.26 0.00 0.41 0.32 39.79 31.59 0.73 0.93 0.00 0.00 0.13 0.10 0.29 0.22 0.00

0.31 + 12.73 0.47 + 0.55 + 0.11 unch 1.06 0.84 + 0.17 + 0.09 unch 0.14 0.19 + 0.09 + 0.03 unch 0.05 unch 0.18 + 0.14 + 3.71 + 77.66 + 0.12 + 0.14 0.34 0.27 0.24 + 0.04 + 0.23 0.19 + 0.08 0.06 0.12 0.03 0.13 unch 0.10 + 0.01 unch 0.10 0.94 + 22.08 + 27.47 + 0.10 + 0.37 + 0.29 + 0.82 0.69 + 0.76 0.32 unch 0.02 + 8.00 + 0.18 0.23 unch 0.02 + 0.29 0.23 0.02 0.17 + 0.22 + 1.45 1.16 0.05 + 0.06 + 0.27 + 0.22 + 1.60 1.30 0.26 + 0.20 0.15 + 0.18 + 0.11 + 0.09 + 0.23 + 0.14 + 0.10 + 0.06 + 0.09 + 0.32 + 0.39 + 0.30 + 0.03 unch 0.08 0.06 0.46 0.37 0.46 0.67 + 0.83 + 0.18 0.10 unch 0.15 + 1.07 + 1.33 + 0.25 + 0.42 + 0.34 + 42.41 + 34.05 + 0.81 + 1.00 + 0.28 + 0.29 unch 0.13 0.10 0.31 unch 0.24 0.17 unch

0.25 + 0.20 + 0.06 unch 0.26 0.21 +

Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* 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* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak Starr Peak* Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold* Stevens Gold Stinger Res Stinger Res* Stone Gold Straightup Res Straightup Re* Stratabd Mnr* Stratabd Mnr Strategic Metl* Strategic Metl Strategic Res Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor* Stuhini Explor Stuve Gold Sulliden Mng* 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* Surge Battery Surge Battery* Surge Copper Surge Copper* Sylla Gold

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

485 800 226 383 0 139 2814 222 0 22 122 16928 175 210 3165 1592 3 4983 33 902 803 699 256 15 400 382 307 131 899 41 1025 239 0 193 301 9096 2582 368 3611 3023 92 17 12 0 1059 14 581 824 4198 1363 108 39 6 22 284 469 51 880 1761 1375 213 15 97 109 222 298 238 40 444 181 6 41 354 238 111 26 1858 807 731 457 114 51 1 82 15 0 190 363 556 170 649 81 53404 32008 342 1439 260 0 228 357 443 252 36

0.32 13.70 0.47 0.58 0.00 1.20 0.98 0.18 0.00 0.15 0.19 0.11 0.04 0.05 0.18 0.14 3.71 78.72 0.12 0.18 0.39 0.30 0.25 0.04 0.24 0.19 0.09 0.06 0.14 0.13 0.13 0.11 0.00 0.11 0.94 22.73 28.43 0.10 0.45 0.36 0.93 0.74 0.78 0.00 0.02 8.00 0.19 0.24 0.02 0.31 0.24 0.02 0.19 0.22 1.59 1.27 0.05 0.07 0.31 0.25 1.75 1.39 0.27 0.21 0.16 0.18 0.11 0.09 0.23 0.14 0.10 0.07 0.09 0.34 0.42 0.34 0.04 0.09 0.07 0.49 0.39 0.49 0.67 0.83 0.19 0.00 0.15 1.15 1.43 0.25 0.45 0.34 42.63 34.09 0.82 1.04 0.29 0.00 0.15 0.13 0.32 0.25 0.17

Taiga Gold Taiga Gold* Tajiri Res Talisker Res Talisker Res*

C O V T O

2061 378 362 1024 142

0.26 0.20 0.06 0.27 0.22

High Low

Stock

0.04 0.32 0.07 0.05 0.00 0.01 0.04 0.01 0.00 0.00 0.01 0.03 0.00 0.00 0.02 0.01 0.12 3.35 0.00 0.06 0.02 0.00 0.03 0.01 0.01 0.00 0.01 0.00 0.02 0.07 0.00 0.00 0.00 0.01 0.09 0.38 0.19 0.01 0.04 0.03 0.02 0.01 0.04 0.00 0.00 1.00 0.00 0.00 0.01 0.02 0.02 0.00 0.01 0.01 0.11 0.09 0.01 0.01 0.03 0.02 0.14 0.08 0.01 0.00 0.01 0.02 0.01 0.00 0.05 0.03 0.00 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.00 0.04 0.02 0.01 0.01 0.02 0.01 0.00 0.03 0.06 0.05 0.02 0.02 0.01 3.29 2.93 0.07 0.05 0.01 0.00 0.02 0.01 0.00 0.00 0.00

0.64 17.17 0.51 0.62 0.12 1.20 0.98 0.25 0.09 0.32 0.39 0.09 0.11 0.10 0.38 0.30 4.09 83.29 0.49 0.27 0.63 0.53 1.36 0.07 0.36 0.30 0.18 0.15 0.37 0.15 0.21 0.22 0.03 0.16 0.94 22.73 28.59 0.19 0.61 0.49 6.50 5.16 1.12 0.60 0.50 18.00 0.39 0.51 0.06 0.49 0.37 0.08 0.23 0.31 4.05 3.56 1.00 0.10 0.35 0.31 2.39 2.05 0.78 1.00 0.44 0.35 0.30 0.24 0.22 0.32 0.26 0.25 0.28 0.41 0.50 0.45 0.09 0.28 0.23 0.58 0.44 0.90 0.69 0.99 0.30 0.21 0.28 1.41 1.71 0.46 1.35 1.09 43.12 33.61 0.78 1.00 0.80 0.63 0.38 0.35 0.54 0.46 0.30

0.22 7.92 0.29 0.36 0.07 0.53 0.41 0.09 0.09 0.11 0.14 0.02 0.01 0.04 0.10 0.08 1.97 54.92 0.09 0.11 0.25 0.19 0.12 0.03 0.17 0.13 0.07 0.01 0.07 0.00 0.09 0.07 0.01 0.08 0.37 13.68 17.29 0.07 0.22 0.17 0.55 0.46 0.39 0.25 0.01 0.08 0.14 0.17 0.01 0.17 0.13 0.02 0.16 0.20 1.40 1.09 0.01 0.04 0.08 0.12 1.08 0.83 0.21 0.16 0.08 0.11 0.10 0.01 0.06 0.10 0.09 0.02 0.07 0.21 0.28 0.22 0.02 0.08 0.06 0.15 0.12 0.24 0.39 0.50 0.16 0.00 0.08 0.62 0.80 0.20 0.38 0.30 21.90 17.10 0.35 0.45 0.27 0.22 0.14 0.05 0.27 0.21 0.14

0.01 0.01 0.00 0.01 0.01

0.27 0.24 0.12 0.38 0.31

0.14 0.00 0.05 0.24 0.19

Talmora Diamd Talon Metals 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 Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold Tembo Gold* Tempus Res Teras Res* Teras Res Terrax Mnrls Terrax Mnrls* Terreno Res Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res* Themac Res Thesis Gold Theta Gold* Thor Explor Thor Explor* Three Valley Three Valley* Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res* Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture* Tocvan Venture TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Traction Uran* Traction Uran Trailbreaker* Trailbreaker Trans Canada Trans Canada* Transatlantic Transforma Res Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res* Tres-Or Res Trevali Mining Tri-River Vent Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Triple Flag TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res TRU Precious* TRU Precious True North Gem* True North Gem

Change

T 0.25 0.00 0.00 0.25 0.20

(100s)

12-month

High

Week

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

1 5074 97 431 368 12428 261 321 1 5 71 50 228 96 10418 2200 60 20690 17 8275 452 842 130 1250 98 16 21 100 416 718 334 30 0 60 350 658 3 1 240 1 111 50 2287 381 8 0 60 107 312 1390 1059 94 409 31 2 98 13 204 409 430 5 240 831 1043 453 2 1321 154 1756 159 16 45 1383 126 517 4 32 167 35 80 0 206 88 111 61 159 0 33 696 0 0 50 74 69 383 66 693 6 110 85 21 45 196 8 142 1457 190 84 518 40 4

High

Low

Last

0.00 0.77 5.70 0.09 0.43 0.33 0.14 0.18 0.09 0.07 0.07 0.06 0.40 0.32 2.35 2.94 0.50 41.51 55.89 52.06 0.06 0.07 0.10 0.12 0.25 0.18 0.09 0.03 0.03 0.26 0.20 0.03 0.00 1.88 2.34 2.34 0.06 0.07 2.46 0.08 0.30 0.21 0.09 0.07 0.09 0.00 0.08 0.07 0.86 0.39 0.31 0.13 0.16 0.05 0.20 0.39 0.54 0.71 1.99 0.06 0.63 0.78 0.06 0.07 0.05 1.60 0.15 13.18 16.56 0.78 0.63 0.15 0.19 0.79 0.81 0.24 0.30 0.07 0.05 0.03 0.00 0.16 0.14 0.72 0.56 8.79 0.08 0.09 1.54 0.00 0.00 0.05 0.07 0.50 0.65 1.40 1.13 0.16 0.30 18.21 0.21 0.18 0.11 0.08 0.73 0.93 0.17 0.10 0.13 0.08 0.10

0.00 0.69 5.03 0.08 0.37 0.29 0.13 0.00 0.00 0.07 0.00 0.06 0.38 0.31 2.15 2.72 0.47 38.92 52.01 48.95 0.04 0.06 0.08 0.11 0.23 0.18 0.00 0.02 0.00 0.22 0.18 0.00 0.00 1.57 1.96 1.88 0.06 0.00 2.15 0.08 0.27 0.21 0.07 0.06 0.00 0.00 0.00 0.06 0.77 0.30 0.25 0.12 0.00 0.05 0.20 0.33 0.10 0.66 1.70 0.00 0.60 0.71 0.05 0.06 0.05 0.00 0.12 12.57 15.87 0.72 0.59 0.09 0.00 0.55 0.66 0.24 0.00 0.00 0.05 0.00 0.00 0.15 0.12 0.68 0.53 8.38 0.08 0.00 1.38 0.00 0.00 0.05 0.00 0.44 0.54 1.34 1.07 0.15 0.16 17.41 0.00 0.15 0.10 0.08 0.66 0.81 0.00 0.07 0.12 0.08 0.00

0.03 0.73 5.30 0.09 0.39 0.31 0.13 0.16 0.09 0.07 0.07 0.06 0.38 0.31 2.27 2.82 0.50 40.38 52.40 50.32 0.06 0.07 0.09 0.11 0.24 0.18 0.09 0.02 0.03 0.23 0.18 0.03 0.05 1.87 2.27 2.17 0.06 0.07 2.43 0.08 0.29 0.21 0.08 0.07 0.08 0.10 0.08 0.06 0.80 0.36 0.29 0.12 0.16 0.05 0.20 0.36 0.54 0.69 1.75 0.05 0.60 0.73 0.06 0.07 0.05 1.50 0.14 13.16 16.40 0.76 0.60 0.14 0.18 0.55 0.67 0.24 0.29 0.06 0.05 0.02 0.07 0.15 0.12 0.68 0.55 8.51 0.08 0.09 1.48 0.04 0.09 0.05 0.07 0.46 0.60 1.37 1.11 0.15 0.16 17.96 0.20 0.16 0.10 0.08 0.67 0.81 0.15 0.09 0.13 0.08 0.10

12-month Change 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 0.01 0.37 0.01 0.03 0.02 0.00 0.01 0.01 0.02 0.00 0.00 0.02 0.00 0.11 0.08 0.01 1.39 0.06 1.21 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.31 0.33 0.25 0.00 0.01 0.16 0.08 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.05 0.06 0.05 0.00 0.01 0.01 0.00 0.07 0.44 0.01 0.15 0.00 0.01 0.00 0.01 0.00 0.00 0.10 0.00 0.26 0.19 0.01 0.02 0.05 0.07 0.10 0.14 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.03 0.02 0.01 0.16 0.00 0.01 0.07 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.03 0.00 0.09 0.02 0.00 0.00 0.00 0.00 0.03 0.11 0.02 0.01 0.01 0.00 0.01

(100s)

High Low

Stock

0.05 0.89 20.20 0.19 0.81 0.65 0.35 0.41 0.14 0.11 0.25 4.84 0.56 0.50 2.67 3.22 0.75 42.38 56.95 54.03 0.15 0.18 1.20 1.38 0.36 0.24 0.28 0.06 0.07 0.31 0.25 0.07 0.07 2.75 2.99 3.30 0.22 0.12 3.08 0.37 0.45 1.00 1.02 0.82 0.19 0.19 0.13 0.09 1.90 0.39 0.32 0.24 0.29 0.07 0.55 0.70 0.74 0.79 2.00 0.08 1.18 1.67 0.08 0.29 0.35 2.80 0.27 15.52 18.72 1.08 0.86 0.15 0.19 1.00 1.08 0.38 0.49 0.26 0.21 0.06 0.28 0.22 0.20 0.98 0.93 9.38 0.12 0.16 2.75 0.04 0.12 0.24 0.13 1.20 1.40 3.70 3.06 0.21 0.75 18.48 0.31 0.25 0.23 0.19 1.22 1.31 0.74 0.41 0.52 0.17 0.18

Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res

V O V O V N T V O V

U.S. Gold* 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 USCorp* Usha Res* 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 Vanadiumcorp Vanstar Mng Rs Vanstar Mng Rs* Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng* Vendetta Mng Venerable Vent Venture Mnrls* Verde Potash Verde Res* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold 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 Copper Vizsla Silver Volatus Cap Volcanic Gold* Volcanic Gold Volt Carbon* Volt Carbon Voyager Metals Voyager Metals* Voyageur Min Voyageur Min* Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls* Vulcan Mnrls VVC Expl VVC Expl*

0.02 0.44 4.52 0.04 0.38 0.30 0.11 0.14 0.08 0.07 0.05 0.01 0.30 0.10 1.49 1.92 0.38 17.31 28.70 21.86 0.04 0.06 0.08 0.10 0.10 0.09 0.07 0.02 0.02 0.16 0.13 0.03 0.03 1.36 1.74 1.30 0.04 0.06 1.10 0.00 0.19 0.17 0.03 0.02 0.06 0.10 0.06 0.04 0.53 0.15 0.11 0.11 0.14 0.03 0.17 0.02 0.00 0.28 0.20 0.04 0.60 0.45 0.05 0.06 0.05 0.51 0.09 8.99 11.79 0.55 0.43 0.03 0.04 0.55 0.20 0.14 0.17 0.06 0.05 0.02 0.06 0.13 0.07 0.65 0.47 7.46 0.05 0.08 1.13 0.04 0.09 0.00 0.06 0.34 0.48 1.13 0.87 0.08 0.00 10.50 0.14 0.11 0.09 0.07 0.52 0.66 0.14 0.02 0.11 0.06 0.08

Week

Exc Volume

Last

12-month

High

Low

Change

16 77 607 222 264 4789 1781 762 101 568

0.54 1.68 1.98 0.48 0.60 30.66 38.53 0.04 0.03 0.02

0.00 0.54 + 1.51 1.53 1.90 1.92 0.43 0.43 0.00 0.51 28.60 30.22 + 36.00 37.68 + 0.03 0.03 0.03 0.03 unch 0.00 0.02 +

D 259 V 198 C 25 O 1874 O 168 V 137 T 5318 O 114 V 428 O 390 O 86 V 720 O 293 C 233 O 39 X 4441 N 84832 O 165 V 1857 V 34 T 1438 X 14228 V 3424 X 75021 O 851 X 7177 V 961 D 3133 V 0 O 827 O 61 V 157 V 32 O 150 N 158176 O 2914 O 448 V 1327 C 2098 O 75 V 15 O 48 V 93 V 1781 V 277 O 76 V 0 O 0 O 8 V 34 O 149 V 2531 V 0 O 122 T 1849 O 316 O 117 V 5913 O 223 T 1654 C 2114 O 163 C 740 O 33 V 393 O 619 V 209 O 683 V 745 V 3075 O 867 V 755 X 2648 T 308 O 129 V 207 V 107 V 540 C 19 O 68 V 304 O 117 V 47 V 352 O 12 V 346 O 2 O 105 C 110 O 156 V 395 O 80 V 1366 V 132 O 132

8.29 0.27 0.07 6.85 0.79 0.96 0.44 0.24 0.28 0.07 0.10 0.13 0.40 0.46 0.07 0.60 38.85 0.08 0.09 5.99 2.35 1.87 0.53 5.35 0.03 2.05 6.26 4.95 0.00 0.01 0.30 0.36 0.14 0.11 20.25 0.01 0.50 0.63 0.05 0.03 0.04 0.04 0.05 0.04 0.39 0.33 0.00 0.00 0.24 0.31 0.05 0.07 0.00 0.03 9.87 0.15 0.08 0.12 15.82 18.90 0.03 0.03 0.07 0.06 0.94 0.75 0.42 0.15 0.19 0.19 0.15 0.07 1.12 1.39 0.10 0.13 0.18 2.75 0.05 0.30 0.37 0.11 0.14 0.23 0.18 0.14 0.36 0.11 0.43 0.30 0.38 0.23 0.29 0.17 0.14

High Low

0.01 0.01 0.01 0.03 0.06 1.91 2.05 0.01 0.00 0.01

1.46 2.72 3.39 0.98 1.13 30.66 38.53 0.06 0.06 0.04

0.50 1.31 1.87 0.27 0.34 9.75 12.15 0.03 0.02 0.01

0.34 0.05 0.00 0.23 0.11 0.13 0.02 0.02 0.01 0.02 0.02 0.03 0.01 0.01 0.01 0.06 5.49 0.01 0.01 0.16 0.13 0.06 0.15 0.30 0.00 0.18 0.65 0.40 0.00 0.00 0.01 0.01 0.02 0.00 0.88 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.01 0.00 0.03 0.00 0.00 0.00 1.31 0.02 0.02 0.01 0.14 0.10 0.01 0.00 0.01 0.01 0.07 0.01 0.02 0.03 0.02 0.03 0.02 0.01 0.12 0.22 0.00 0.00 0.01 0.00 0.01 0.02 0.02 0.01 0.01 0.02 0.00 0.03 0.00 0.00 0.03 0.03 0.05 0.01 0.02 0.01 0.01

13.20 0.70 0.10 30.20 1.42 1.78 0.60 0.28 0.38 0.12 0.28 0.37 0.92 1.12 0.25 1.39 38.61 0.15 0.16 8.37 2.72 2.15 1.25 5.79 0.10 6.01 7.31 5.95 0.65 0.07 0.34 0.40 0.21 0.29 23.18 0.08 0.50 0.63 0.44 0.08 0.09 0.10 0.13 0.07 1.15 1.04 0.38 0.27 0.41 0.50 0.07 0.07 0.13 0.12 9.87 0.27 0.14 0.20 18.50 22.54 0.07 0.06 0.14 0.11 0.98 0.79 0.55 0.16 0.21 0.34 0.27 0.24 1.40 1.72 0.26 0.33 0.70 3.45 0.17 0.55 0.67 0.19 0.24 0.36 0.32 0.20 0.36 0.25 0.50 0.55 0.68 0.80 0.42 0.30 0.50

6.01 0.11 0.03 5.34 0.55 0.71 0.26 0.11 0.13 0.00 0.07 0.09 0.06 0.38 0.01 0.37 17.98 0.01 0.06 3.15 1.23 0.97 0.28 1.89 0.01 1.52 2.75 2.25 0.22 0.01 0.15 0.18 0.11 0.03 11.16 0.00 0.16 0.22 0.04 0.02 0.02 0.03 0.04 0.03 0.36 0.28 0.16 0.00 0.22 0.28 0.01 0.04 0.12 0.03 0.88 0.02 0.06 0.06 9.71 12.25 0.01 0.00 0.05 0.04 0.18 0.14 0.33 0.00 0.07 0.10 0.07 0.06 0.59 0.77 0.06 0.08 0.15 1.35 0.05 0.22 0.30 0.06 0.08 0.11 0.00 0.08 0.24 0.03 0.30 0.20 0.25 0.10 0.13 0.09 0.07

U-V 7.61 0.22 0.07 5.90 0.63 0.79 0.39 0.19 0.25 0.03 0.09 0.11 0.29 0.41 0.00 0.51 33.50 0.01 0.08 5.71 2.08 1.66 0.37 4.69 0.02 1.75 5.27 4.20 0.00 0.01 0.27 0.33 0.00 0.10 19.42 0.01 0.42 0.53 0.03 0.02 0.00 0.03 0.00 0.03 0.37 0.28 0.00 0.00 0.24 0.00 0.04 0.00 0.00 0.03 7.77 0.12 0.06 0.09 13.48 16.90 0.02 0.02 0.06 0.00 0.72 0.57 0.00 0.12 0.15 0.15 0.12 0.00 0.94 1.19 0.10 0.00 0.16 2.52 0.05 0.27 0.33 0.00 0.12 0.20 0.16 0.12 0.36 0.11 0.40 0.25 0.32 0.19 0.24 0.00 0.12

7.66 0.27 0.07 6.29 0.77 0.95 0.42 0.22 0.28 0.05 0.10 0.13 0.33 0.43 0.06 0.58 38.45 0.07 0.09 5.80 2.08 1.67 0.51 4.88 0.02 1.92 5.37 4.33 0.26 0.01 0.27 0.33 0.14 0.11 19.94 0.01 0.42 0.54 0.04 0.03 0.03 0.03 0.05 0.03 0.38 0.30 0.18 0.14 0.24 0.30 0.04 0.06 0.12 0.03 9.26 0.15 0.08 0.10 13.76 17.15 0.03 0.02 0.06 0.06 0.72 0.61 0.40 0.12 0.17 0.19 0.15 0.07 1.08 1.39 0.10 0.12 0.17 2.62 0.05 0.30 0.37 0.10 0.12 0.22 0.16 0.14 0.36 0.11 0.43 0.25 0.32 0.23 0.26 0.17 0.14

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

(100s) Stock

Exc Volume

Week High

Low

12-month

Last

Change

High Low

W-Z Walker River Walker River* Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds* Wescan Gldflds Wesdome Gold Wesdome Gold* West High Yld West Mining* West Mining West Red Lake* West Red Lake West Vault Western Alaska 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 Gold* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* Westward Gold Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs Whitehaven Coa* Whitehorse GC Wildsky Res* Wildsky Res 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* Ximen Mining* Ximen Mining Xplore Res Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res York Harbour York Harbour* Zacatecas Silv Zacatecas Silv* ZEB Nickel Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * Zincore Mtls ZincX Res ZincX Res* Zonte Metals Zonte Metals*

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

5298 273 578 2266 43 18 216 0 1212 1039 3250 0 0 1642 285 549 63 1192 224 253 28 216 9 1 2 1305 2841 1 1359 1353 538 101 3 460 309 19 70 34 8 94 369 143 644 6050 9737 72 66 689 1 68 336 385 28 16 92 569 116 658 141 1061 632 316 0 1347 1 481 235 213 10 602 68 23 27 48 12352 86086 198 46 749 334 3 376 126 6 0 286 79 127 3 1 0 273 4 17 6

0.11 0.13 0.34 0.41 0.14 0.05 0.06 0.00 0.35 0.44 0.20 0.05 0.00 15.88 12.67 0.64 0.08 0.11 0.05 0.07 1.25 1.28 2.65 0.00 0.04 2.93 2.35 0.23 0.26 0.33 0.44 0.33 0.12 2.78 2.19 1.42 0.46 0.36 0.09 0.12 0.22 0.16 0.13 62.07 49.52 0.01 0.55 0.69 0.06 0.08 3.48 0.57 0.16 0.23 0.09 0.04 0.05 0.22 0.23 0.29 0.24 0.68 0.00 0.05 0.03 0.03 0.08 0.06 0.17 0.22 0.06 0.04 1.13 0.89 7.27 5.79 2.88 0.04 0.06 1.17 0.86 1.26 1.01 0.34 0.00 0.18 0.14 0.25 0.49 0.39 0.00 0.14 0.11 0.20 0.15

0.10 0.01 0.29 0.37 0.14 0.05 0.00 0.00 0.29 0.37 0.20 0.05 0.00 15.00 11.94 0.50 0.00 0.10 0.04 0.06 0.00 0.00 2.53 0.00 0.04 2.37 1.84 0.00 0.20 0.21 0.37 0.29 0.00 2.23 1.79 1.38 0.00 0.34 0.00 0.00 0.00 0.14 0.12 59.51 47.51 0.01 0.50 0.63 0.06 0.00 2.99 0.51 0.00 0.00 0.00 0.03 0.04 0.17 0.20 0.24 0.20 0.59 0.00 0.00 0.03 0.00 0.00 0.06 0.17 0.21 0.00 0.00 0.00 0.81 6.80 5.39 0.00 0.04 0.06 1.04 0.00 1.18 0.94 0.00 0.00 0.16 0.12 0.00 0.00 0.00 0.00 0.00 0.10 0.00 0.15

0.11 0.09 0.30 0.38 0.14 0.05 0.06 0.04 0.34 0.43 0.20 0.05 0.08 15.71 12.54 0.53 0.08 0.10 0.05 0.06 1.18 1.20 2.65 0.07 0.04 2.81 2.28 0.23 0.21 0.26 0.43 0.33 0.12 2.37 1.91 1.38 0.45 0.36 0.09 0.12 0.20 0.15 0.13 60.16 48.28 0.01 0.55 0.69 0.06 0.08 3.38 0.54 0.13 0.23 0.08 0.03 0.05 0.19 0.23 0.28 0.20 0.65 0.04 0.04 0.03 0.03 0.08 0.06 0.17 0.22 0.05 0.04 1.02 0.83 7.06 5.67 2.88 0.04 0.06 1.15 0.85 1.18 0.95 0.34 0.09 0.18 0.14 0.23 0.49 0.39 0.05 0.12 0.11 0.20 0.15

+ + 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

0.01 0.01 0.03 0.05 0.00 0.00 0.01 0.00 0.04 0.05 0.00 0.00 0.00 0.38 0.36 0.10 0.00 0.00 0.00 0.00 0.03 0.00 0.07 0.00 0.00 0.40 0.40 0.04 0.04 0.05 0.04 0.03 0.00 0.15 0.08 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.51 0.00 0.04 0.06 0.00 0.01 0.40 0.02 0.02 0.03 0.01 0.00 0.00 0.02 0.03 0.04 0.04 0.03 0.00 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.08 0.04 0.27 0.30 0.12 0.00 0.00 0.00 0.06 0.07 0.06 0.02 0.00 0.02 0.01 0.02 0.05 0.00 0.00 0.00 0.01 0.00 0.00

0.13 0.13 0.58 0.67 0.21 0.09 0.10 0.07 0.56 0.70 0.79 0.10 0.12 16.77 13.23 1.22 0.80 1.04 0.07 0.10 1.46 1.46 2.63 0.13 0.09 3.35 2.83 0.47 0.76 0.96 0.48 1.88 0.17 4.18 3.28 1.75 0.80 0.66 0.18 0.22 0.39 0.32 0.33 64.63 50.34 0.12 0.66 0.85 0.12 0.16 3.40 1.93 0.29 0.36 0.13 0.11 0.14 0.95 0.40 0.36 1.05 1.05 0.09 0.11 0.10 0.10 0.25 0.19 0.30 0.37 0.14 0.14 1.38 1.15 7.39 5.79 3.02 0.06 0.07 1.20 1.00 1.42 2.02 0.75 0.25 0.21 0.17 0.30 2.50 1.27 0.05 0.23 0.19 0.27 0.21

0.04 0.01 0.23 0.31 0.01 0.01 0.05 0.03 0.17 0.21 0.16 0.05 0.06 7.91 6.26 0.13 0.05 0.08 0.04 0.05 0.90 0.70 1.51 0.05 0.04 1.49 1.18 0.14 0.08 0.11 0.15 0.07 0.12 1.15 0.90 1.15 0.33 0.27 0.08 0.10 0.16 0.14 0.10 45.76 36.39 0.01 0.37 0.45 0.05 0.06 0.90 0.43 0.01 0.11 0.05 0.03 0.04 0.13 0.00 0.15 0.20 0.29 0.04 0.03 0.01 0.02 0.06 0.04 0.12 0.16 0.05 0.03 0.84 0.65 4.78 3.70 1.11 0.01 0.04 0.25 0.03 0.52 0.45 0.16 0.08 0.12 0.10 0.20 0.40 0.01 0.05 0.10 0.08 0.17 0.03

BID-ASK — MARCH 21–25, 2022 12-MONTH STOCK

79 Resources Aftermath Silv Alacer Gold Amilot Capital Aquila Res Arcturus Vent Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Baden Res Banro Corp* Boss Power Brunswick Res Bullion Gold Burrell Res C2C Gold Cache Explor Cadillac Vent Canamera Energ Cerro de Pasc Cirrus Gold Cliffs Nat Res* CNRP Mng Corvus Gold* Crystal Peak Electra Stone Equitorial Ex Everton Res Evolution Glob Evolving Gold Excalibur Res Exploits Disc Explorex Res Finore Mng

EXC

BID

ASK

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

0.05 0.24 9.41 ... ... 0.02 0.03 0.03 0.33 0.13 0.04 ... ... 1.94 0.12 0.11 0.17 ... 0.06 0.20 ... 0.16 0.05 0.38 ... 0.20 1.45 0.19 ... 0.01 0.01 0.08 0.10 0.50 0.30 0.09 ... ... 0.12

0.06 0.25 9.52 ... ... 0.03 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.16 0.11 0.20 0.05 0.15 1.00 ... 0.17 0.06 ... ... 0.35 3.20 0.20 ... 0.02 0.02 0.08 0.10 4.00 0.59 0.10 ... 6.50 0.12

12-MONTH

LAST

HIGH

LOW

STOCK

0.06 0.25 9.47 0.04 0.09 0.03 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.12 0.11 0.17 0.03 0.10 0.25 0.11 0.16 0.05 0.37 0.29 0.30 1.43 0.19 3.21 0.01 0.01 0.08 0.03 2.00 0.35 0.10 0.59 2.85 0.11

0.15 0.33 10.82 0.08 0.14 0.04 0.04 0.04

0.05 0.05 3.50 0.04 0.06 0.02 0.02 0.03

0.15

0.03

0.47 0.15 2.50 0.20 2.10

0.42 0.03 0.82 0.12 0.10

0.28 0.53 0.15 0.19 0.12 0.50 0.34 0.30 7.17 0.51 3.30 0.10

0.01 0.20 0.03 0.16 0.05 0.32 0.12 0.12 0.98 0.18 1.72 0.01

0.11

0.07

1.00 0.11 0.62 10.50

0.28 0.01 0.13 2.85

GAR Limited General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng K9 Gold Karora Res Kirkland Lake* Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lithium South MAG Silver* Mechel* Meryllion Res MGX Minerals Mich Resources Minecorp Egy Montana Gold Montego Res Navis Res Corp New Klondike Nexco Res

EXC

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

BID

... ... ... 0.06 0.15 0.07 0.02 ... 0.10 ... ... 0.02 0.04 ... ... ... ... 0.20 0.24 0.17 0.47 ... 0.05 0.04 0.03 ... ... 0.31 12.52 ... ... 0.05 0.37 ... 0.09 0.02 ... 0.01 ...

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... ... ... 0.06 0.17 0.08 0.02 ... 0.12 ... 375.00 0.03 0.05 ... 0.01 ... ... 0.25 0.27 0.24 0.48 ... 0.06 0.05 0.04 ... ... 0.34 13.30 ... ... 0.05 0.50 ... 0.10 0.02 ... 0.01 ...

0.15 0.11 0.22 0.06 0.16 0.08 0.02 0.32 0.10 0.42 0.11 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.24 0.48 38.92 0.05 0.04 0.03 1.09 0.24 0.31 12.52 2.25 0.08 0.05 0.37 0.12 0.10 0.02 0.30 0.01 0.30

4.13 100.00 0.28

0.13 0.10 0.17

0.36 0.11 0.02 0.32 0.15 0.45 1.20 0.04 0.05

0.12 0.04 0.02 0.26 0.02 0.06 0.48 0.02 0.04

North Valley NSJ Gold O2Gold Orocobre Otso Gold Pasinex Res Patriot Batt Phenom Res Primary Energy Prismo Metals Prospero Silvr Quaterra Res Quinto Res Rare Element* Reliant Gold Rockland Mnls Southern Arc Southstone Min Standard Lith Supernova Met Tiger Intl Trench Metals TriMetals Mng Trinity Valley Ubique Mineral Vale* ValOre Metals Vatic Vent West Oak Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

0.50 0.28 0.28 0.73 46.98 0.13 0.10 0.16

0.20 0.04 0.16 0.20 31.72 0.04 0.04 0.02

0.27 0.66 14.40 5.19 0.17 0.16 0.48 0.20 0.10 0.05

0.13 0.24 6.12 1.58 0.05 0.04 0.24 0.07 0.02 0.02

0.35

0.20

EXC

BID

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

0.07 0.07 0.23 ... 0.04 0.04 0.09 0.68 ... 0.30 0.55 0.15 0.05 0.11 ... 0.07 0.32 0.01 6.65 0.05 ... 0.55 0.11 ... 0.07 ... 0.06 0.05 0.12 0.01 0.12 0.07 ... 0.05

ASK

0.12 0.11 0.27 ... 0.04 0.05 0.10 0.71 ... 0.34 1.18 0.17 0.07 0.16 0.10 0.08 0.90 0.01 6.95 0.06 0.17 0.55 0.12 ... 0.09 ... 0.07 ... 0.15 0.02 0.14 0.08 ... 0.07

LAST

0.10 0.10 0.23 8.28 0.04 0.04 0.10 0.69 0.17 0.30 0.56 0.16 0.08 0.15 0.02 0.08 0.89 0.01 6.95 0.06 0.15 0.55 0.12 0.04 0.07 10.24 0.07 0.10 0.15 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.10 0.31 0.37 9.30 0.10 0.05 0.18 0.76 0.82 0.42 1.35 0.30

0.06 0.06 0.06 3.89 0.03 0.02 0.08 0.24 0.16 0.19 0.51 0.06

0.89

0.06

0.11 0.93 0.04 6.95 0.08 0.20 0.22 0.12 0.14 0.10 11.10 0.13

0.01 0.24 0.01 1.02 0.05 0.07 0.04 0.03 0.04 0.03 6.57 0.07

0.19 0.03 0.15 0.10 0.22

0.11 0.01 0.05 0.07 0.07

WWW.NORTHERNMINER.COM

APRIL 4—17, 2022 / THE NORTHERN MINER

JUNE 8, 2022

ONE KING WEST HOTEL TORONTO, ON

GUEST SPEAKER

PIERRE LASSONDE

Canadian Mining Hall of Fame Inductee, Chairman & CEO Firelight Investments

SAVE THE DATE

The Northern Miner, The Canadian Mining Hall of Fame and Young Mining Professionals, have come together to organize the Mining Legends Speaker Series. Alternating between Vancouver and Toronto, each event will bring together professionals from across the industry to share knowledge, network, and discuss the future of the mining.

EVENTS.NORTHERNMINER.COM/SPEAKER-SERIES