The Northern Miner April 1 2019 Issue 7 by The Northern Miner Group

BLUE SKY URANIUM: STUDIES IVANA IN ARGENTINA / 7 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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Developments in the Americas, Africa and beyond / 9–14

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Troilus drills ‘land that time forgot’ in central Quebec GOLD

| Junior sees upside in past-producer BY TRISH SAYWELL tsaywell@northernminer.com

B A drill rig at Skeena Resources’ Eskay Creek gold project in November 2018.

SKEENA RESOURCES

Skeena grows resource at Eskay Creek | Iconic camp in Golden Triangle has more to give “ESKAY CREEK IS ESSENTIALLY THE GIFT BY RICHARD QUARISA THAT JUST KEEPS ON GIVING.” rquarisa@northernminer.com

BC GOLD

PAUL GEDDES

keena Resources (TSXV: SKE; US-OTC: SKREF) has tabled an updated resource estimate for its Eskay Creek gold project in northwestern British Columbia, divided between pit constrained and underground mining scenarios. In pit-constrained resources, the project contains 12.7 million indi-

VP OF EXPLORATION AND RESOURCE DEVELOPMENT, SKEENA RESOURCES

cated tonnes grading 4.5 grams gold and 117 grams silver, or 6 grams gold equivalent, for 1.81 million oz. gold and 47.7 million oz. silver, or 2.45 million equivalent oz. gold. It also contains 13.5 million inferred tonnes at 2.2 grams gold and

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42 gram silver, or 2.8 grams gold equivalent, for 984,000 oz. gold and 18.45 million oz. silver, or 1.2 million equivalent oz. gold. In underground resources, the project contains another 819,000 indicated tonnes grading 6.4 grams gold and 139 grams silver, or 8.2 grams gold equivalent, for 169,000 oz. gold and 3.65 million oz. silver, or 218,000 equivalent oz. gold. It also contains 295,000 inferred tonnes at 7.1 grams gold and 82 grams silver, or 8.2 equivalent grams gold for 68,000 oz. gold and 778,000 oz. silver, or 78,000 equivalent oz. gold in underground resources. “It doesn’t get that deep,” Skeena president and CEO Walter Coles Jr. says in an interview with The Northern Miner. “The average depth of these pit-constrained See SKEENA / 2

etween listing on the TSX Venture Exchange in January 2018 and graduating to the Toronto Stock Exchange in October the same year, Troilus Gold (TSX: TLG; US-OTC: CHXMF) drilled 36,000 metres of drilling on its namesake property in Quebec and boosted the project’s mineral resources by 90%. In November the junior exploration company reported its Troilus gold project contains indicated resources of 3.40 million oz. gold and 231 million lb. copper held in 121.7 million tonnes grading 0.87 gram gold and 0.086% copper (3.2 million oz. gold at 1 gram per tonne gold equivalent), and a further 1.02 million oz. gold and 66.2 million lb. copper in 36.1 million inferred tonnes grading 0.88 gram gold and 0.083% copper (1.2 million oz. at 1 gram per tonne gold equivalent). Since then, the company’s share price has more than doubled to 93¢, and last month management kicked off its 2019 drill program of 40,000 metres, a campaign that CEO Justin Reid says will show “significant results over the next little while.” “The history of Troilus is really what’s driving this,” Reid says, noting that mineralization on the property was discovered in 1986, and an open-pit mine built by its previous owner, Inmet Mining, went on to produce 2 million oz. gold and nearly 70,000 tonnes copper. “It was rushed into production so Inmet could become a gold producer and garner that gold multiple as a base metal producer, and they accomplished that,” he says. “But what we’ve found is that very little exploration ever occurred outside of the main orebody or below the old resource shells ... because they put the deposit into production in a US$350 per oz. gold price environment, so the money wasn’t there to do that.” This year the company plans to build on the success of its first drill program, which included extending the main Z87 orebody (the source of most past production) from a 500- to 850-metre depth, where it remains

open. It also extended J4 — a small, adjacent past-producing pit — down to 350 metres below surface from its previous depth of 100 metres, where it remains open for expansion, and probed below the expected limits of the J5 mineralized zone, a shallow, historic pit that produced 50,000 tonnes of mineralized material near the end of the mine’s life in 2010, and found more mineralization. “This year is really a follow-up of what we accomplished last year. We are extending J4 and J5 down dip, we are moving southwest from Z87, and we’re going northeast along the trend,” Reid says. “It’s a big program.” Extending the J Zone (J4 and J5) to the northeast will be facilitated by the company’s decision late last year to triple its land position north of its property boundary, with the acquisition of 120 sq. km owned by Emgold Mining (TSXV: EMR; US-OTC: EGMCF). Reid refers to Troilus as “the land See TROILUS / 15 PM40069240

CANADIAN MINING HALL OF FAME: 2019 CEREMONY HIGHLIGHTS / 5

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2019-03-26 7:06 PM

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APRIL 1–14, 2019 / THE NORTHERN MINER

Skeena grows resource at Eskay Creek SKEENA From 1

resources would be 180 metres, so we wouldn’t have a very deep pit. “The other thing that’s really important is that 70% of the tonnage is in the rhyolite and 30% in the mudstone.” Historical mining at Eskay Creek occurred underground and focused on mineralization hosted in mudstone, which was a better host rock than the rhyolite. Between 1994 and 2008, the project produced 3.3 million oz. gold and 160 million oz. silver at 45 grams gold and 2,224 grams silver from 1994 to 2008. It shipped ore directly to a smelter during its first four years, mining at a 30-gram gold cut-off grade. When a mill was built on-site in its fifth year, cut-off grades dropped as low as 12 grams gold. “But the other thing about the mudstone is that where it captured the super high-grade quantities of precious metals, it also deposited ... very high levels of arsenic, antimony and mercury,” Coles says. “This is a legendary mine for producing super high-grade ore that also came with high levels of deleterious elements. “We’ve gone in and looked at what’s left, and what’s left is lowergrade ore, but with lower grade is lower amounts of the deleterious elements.” He says that the rhyolite — while lower grade than the mudstone — is clean rock, and milling it should be straightforward. About 65% of the 4 million equivalent oz. gold found at the project is hosted in rhyolite. “Eskay Creek is essentially the gift that just keeps on giving,” Skeena vice-president of exploration and resource development Paul Geddes says. “Because it’s a function of historic gold prices. “We sit here and we talk about low grade — well, 6 grams per tonne open pit, by these standards today, is not low grade.” Skeena optioned Eskay Creek from Barrick Gold (TSX: ABX; NYSE: GOLD) in December 2017. To earn its interest, Skeena will spend $3.5 million on exploration at Eskay Creek, pay Barrick $10 million and reimburse Barrick for reclamation expenses paid during the option period. Barrick has a 1% net smelter return royalty on the project and back-in right to acquire a 51% interest in the property. Skeena inherited Barrick’s Eskay Creek data set when it optioned the property and based the project’s September 2018 resource entirely on that data, without doing any of its own drilling. The company based its latest resource on more than 7,500 historical surface and underground diamond drill holes totalling 651,332 metres, plus 46 surface-diamond drill holes Skeena drilled in 2018’s fourth quarter for 7,738 metres.

A helicopter carries a drill to the 22 zone at Skeena Resources’ Eskay Creek gold property in northwestern B.C.’s Golden Triangle region.

“The idea was to upgrade some of the inferred mineralization to the indicated, not really doing any expansion or exploratory drilling, just doing confirmation drilling and putting holes between holes,”

Geddes says. “And because all the historical core from Eskay was essentially bulldozed and it doesn’t exist anymore, we needed to get new samples to perform some metallurgical analyses.” The company expects to finish its metallurgical tests at Eskay Creek by the end of May 2019. It will include them in a preliminary economic assessment on Eskay Creek it aims to release by the end of 2019’s third quarter. It plans to drill the project this year, but is still formulating a budget. It sees an opportunity to add ounces by targeting rhyolite feeder zones beneath the current pit constraints. Skeena will infill-drill its inferred resources, moving as much as posGRASS ROOTS OPPORTUNITY » Never Been Drilled » 17 cells – 1020 acres in Red Lake Mining District » Prime frontage on the Golden highway » All-weather road access E:durninfr@gmail.com P: 807-852-4728

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SKEENA RESOURCES

“WE TALK ABOUT LOW GRADE — WELL, 6 GRAMS PER TONNE OPEN PIT, BY THESE STANDARDS TODAY, IS NOT LOW GRADE.” PAUL GEDDES VP OF EXPLORATION AND RESOURCE DEVELOPMENT, SKEENA RESOURCES

sible up to the indicated category. Skeena also acquired the Snip gold project from Barrick in July 2017. The project sits 85 km west of Eskay Creek. It produced 1.1 million oz. gold at 27.5 grams gold from 1991 to 1999. Past operators have drilled 280,000 metres at Snip from surface and underground. The project already has more than 8,400 metres of underground development. Since acquiring the project, Skeena has drilled more than 24,500 metres at Snip from surface and underground. The company also plans a mid-year drill program at Snip, including underground drilling to target the 200 footwall, and regional drilling to test soil anomalies. Skeena’s other asset, the GJ copper-gold project, sits 30 km west of

Imperial Metals’ Red Chris mine in B.C.’s Golden Triangle and less than 150 km north of Eskay Creek, up Highway 37. The company tabled a PEA at GJ in April 2017 outlining a $314-million, after-tax net present value at an 8% discount rate and a 20.6% after-tax internal rate of return. The project consists of two coppergold porphyry deposits, 14 km apart — Donnelly and Spectrum — that could produce 998.9 million lb. copper, 1.61 million oz. gold and 7.54 million oz. silver in payable metal over a 25-year mine life. The company is looking for a partner to help it progress GJ. Skeena shares are trading at 35¢ in a 52-week range of 26¢ to 70¢. The company has a $34-million market capitalization. TNM

2019-03-26 7:06 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 1–14, 2019

BCI opposes Goldcorp’s US$12M retirement bonus for Ian Telfer COMPENSATION

| Payout linked to proposed takeover by Newmont Mining “WE FAIL TO SEE HOW SUCH AN EGREGIOUS PAYOUT IS WARRANTED.”

BY TRISH SAYWELL

tsaywell@northernminer.com

ritish Columbia Investment Management Corp. says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp’s decision to award its chairman, Ian Telfer, a US$12-million retirement allowance. BCI, which provides investment management services to B.C.’s public sector and has $145.6 billion under management, says the retirement allowance is almost triple the previously disclosed entitlement of US$4.5 million, and is “inconsistent with the governance principle of pay-for-performance, and sets a troubling precedent in the capital markets.” “BCI finds this decision to be fundamentally misaligned with the interests of shareholders, who have experienced a significant destruction of almost 53% in value since 2006,” Daniel Garant, BCI’s senior vice-president, said in a press release. “While we welcome the recent announcement that Mr. Telfer will no longer take up the position of deputy chair at Newmont should the merger go through, we fail to see how such an egregious payout is warranted.” BCI, one of Canada’s largest institutional investors in the public

DANIEL GARANT SENIOR VICE PRESIDENT, BCI

Goldcorp chair Ian Telfer at the 2015 Canadian Mining Hall of Fame induction ceremony in Toronto.

equity markets, with holdings of $64.5 billion, also noted that it “places significant value on good corporate governance, and believes that decisions around compensation — for both management and

board of directors — are critical to a company’s governance.” Goldcorp declined a request from The Northern Miner for comment. The company referenced Telfer’s retirement allowance on page 88 of

CANADIAN MINING HALL OF FAME

its 249-page information circular on March 7, stating the increase of the allowance to US$12 million from the mining executive’s previous entitlement of US$4.5 million was recommended by the Human

Resources and Compensation Committee, reviewed and considered by the Goldcorp Special Committee, and approved by the Goldcorp board “on the basis of Mr. Telfer’s role as founder and strategic leader of Goldcorp subsequent to the acquisition of Glamis Gold Ltd. in November 2006. “At that time, Mr. Telfer assumed the role of chairman and relinquished entitlement to benefits he would have otherwise been entitled to receive as an executive, including participation in the various executive incentive plans, other than a retirement allowance,” the circular stated. “The retirement allowance approved in 2006 did not contain any indexing to reflect inflation, and other than his annual salary and annual Goldcorp RSU grants made at the same value as other Goldcorp directors, Mr. Telfer did not receive any other benefits from Goldcorp since that time.” TNM

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E D I T O R IA L

Palladium has its day in the sun PGMS

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: John Cumming, MSC (GEOL) jcumming@northernminer.com SENIOR STAFF WRITER: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com STAFF WRITER: Richard Quarisa, BA, MA (JOUR & COMM) rquarisa@northernminer.com COPY EDITOR: Isa Cunanan, HBSC (PROFESSIONAL WRITING, HEALTH SCI COMM)

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| Prices spike to record US$1,604 per oz.

lready-strong palladium prices soared to new heights in March, with spot palladium prices topping US$1,600 for the first time on March 20, and hitting an all-time record high of US$1,604 per oz. the next day before pulling back hard to US$1,532 per oz. at press time on March 26. The peak above US$1,600 capped a BY JOHN CUMMING remarkable seven-month run for palladium, jcumming@northernminer.com which bottomed briefly at US$842 per oz. in August, for a 90% gain. Looking at the fiveyear chart, palladium prices hit their long-term bottom of US$467 per oz. in January 2016, for a 343% gain by March 21, 2019. Palladium is primarily used in autocatalysts for gasoline vehicles, compared to the predominance of platinum in autocatalysts of dieselpowered vehicles. While global gasoline-powered vehicle sales have been somewhat flat of late, more stringent emission control regulations for gasolinepowered vehicles — particularly in China — have set carmakers scrambling to secure palladium supply, which has driven up palladium prices and turned palladium into the star precious metal of early 2019. In the GFMS “Platinum Group Metals Survey 2018” released in June, the metals consultancy firm was prescient in its outlook for palladium for the full year, stating that palladium prices are “set to exceed platinum on an annual average basis for the first time in 2018 ... our long-standing bullishness for this metal continues to be underscored by the growth in demand from the automotive sector, which is set to continue apace despite record prices, as substitution is not happening at present ... a further prop is set to arrive from declines in mine output from the two dominant producing countries: Russia and South Africa. That said, total supply will barely change due to increased autocatalyst scrap and higher output from both Canadian and U.S. mines. As a result, GFMS expected palladium to average over US$1,000 on an annual average basis for the first time ever in 2018.” In a March 19 note, competing metals consultancy firm Metals Focus says that for palladium, “the key issue is the ongoing and rising deficit, which has characterized the market for much of the past decade. For this year, we forecast a deficit of 789,000 oz., not far short of 2018’s estimated 993,000 ounces. As a result, between 2010–2018, aboveground stocks of palladium have fallen by a combined 4.3 million oz. from around 18 million oz. at the end of 2010 to around 13 million oz. at the end of 2018 ... in our view, palladium enjoys the strongest fundamentals across the major precious metals, and therefore the ongoing stock decline underpins the strength in the palladium price,” which it predicts will surpass US$1,700 before year-end. With the palladium market set for its eighth yearly deficit, Bank of America Merrill Lynch raised its average 2019 forecast for palladium to US$1,800 per oz., and says prices could hit US$2,000 per ounce. Analysts at Citigroup say they “remain bullish on palladium, since the physical palladium market remains tight, and it will take years to substitute.” For investors in mining companies looking to play the palladium angle, there aren’t many pure-play palladium companies to choose from. The biggest is Canada’s North American Palladium (NAP), which has produced for 25 years at its Lac des Iles palladium mine near Thunder Bay, Ont., where it has alternated between feast or famine, and is now on a roll in terms of production and financial strength. Since hitting a lull of $9.50 per share in August 2018, NAP shares spiked to a multi-year high of $24.98 on March 1, before pulling back in tandem with palladium prices to trade at $19 at press time. Platinum, gold and nickel majors still dominate the list of top raw palladium producers, and their by-product palladium output makes up a small part of their revenue, with Norilsk Nickel, Anglo Platinum, Impala Platinum, Lonmin, Sibanye Gold, Vale and Northam all producing more palladium per year as by-product than North American Palladium, at last count. Impala and AngloPlats are both looking at boosting their palladium output with new and expanding mines, but the earliest that new production could come online is the mid-2020s. One small new entrant to palladium production is Randy Smallwood’s Wheaton Precious Metals, whose streaming agreement on the Sibanye-Stillwater platinum group metals mine kicked in during the third quarter of 2018. In its most recent quarterly report, Wheaton noted that “the Stillwater mines significantly outperformed the company’s expectations in the first six months of the stream, with attributable production of 9,800 attributable oz. gold and 14,700 attributable oz. palladium, relative to 2018 guidance of approximately 5,400 oz. gold and 10,400 oz. palladium.” Chalk up one more canny deal struck by Smallwood and his team at Wheaton. TNM

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

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

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O P- E D

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

COMPANY INDEX Agnico Eagle Mines. . . . 12 Alamos Gold. . . . . . . .11,12 AngloGold Ashanti . . . . 13 B2Gold. . . . . . . . . . . . . . . . 9 Barrick Gold . . . . . . . . .2,13 Blue Sky Uranium . . . . . . 7 Coeur Mining . . . . . . . . . 13 Contact Gold . . . . . . . . . 11 Emgold Mining . . . . . . . . 1 Equinox Gold . . . . . . . . . 11

Glencore . . . . . . . . . . . . . 14 Goldcorp . . . . . . . . . . . .3,14 Iamgold . . . . . . . . . . . . . . 11 International Tower Hill Mines . . . . . . . . . . 13 Mako Mining . . . . . . . . . 11 Monarch Gold . . . . . . . . . 9 Nemaska Lithium . . . . . 12 Newmont Mining . . . . . . 3 Para Resources . . . . . . . . 11

Renaissance Gold . . . . . . 13 Sailfish Royalty . . . . . . . . 11 Sandspring Resources . . 14 Skeena Resources . . . . . . . 1 Stratabound Minerals . . 14 Sulliden Mining Capital. . . . . . . . . . . . . . 15 Toachi Mining . . . . . . . . 15 Troilus Gold . . . . . . . . . . . 1 Yamana Gold . . . . . . . . . 14

U.S. Federal Reserve Chair Jerome Powell answering a reporter’s question in March. U.S. FEDERAL RESERVE

Fed policy shift should be good for gold | US moving away from interest rate hikes, World Gold Council says

METALS COMMENTARY

The following is an edited Investment Update from the World Gold Council. For the full report, visit www.gold.org.

he latest U.S. Federal Reserve Open Markets Committee meeting on March 20 confirmed market expectations that the Federal Reserve (Fed) will remain on hold for the rest of the year. This, in turn, will likely influence gold’s performance. Our historical analysis shows that when the Fed has shifted from a tightening to a neutral stance, gold prices have increased, even if this effect has not always been immediate. In our view, the combination of rangebound U.S. interest rates, a slowdown in the appreciation of the U.S. dollar and continued market risks will continue to make gold attractive to investors. The relevant question for gold investors is, if monetary policy is about to shift from tightening (higher rates) to neutral (steady rates), should this be positive for gold? As such, we look at the historical performance of gold and major assets during past hiking cycles as well as during periods when policy has transitioned from tightening to neutral, and, eventually, easing. The immediate average effects (one to three months) of a transition in policy from tightening to neutral on gold are not clear-cut. Reasons for this could be: • Uncertainty over whether hiking might resume; • Falling inflation or lower risk of rising inflation — generally seen as bad for gold; • Shift in investor allocation to safe fixed income (government bonds, cash) from riskier assets, in lieu of allocations to gold; and • An uncertain dollar trajectory: rates argument for dollar likely weaker, but safe-haven argument building. Not all cycles show such parallels. The current cycle shares more similarities with the last two: 1999–2000 and 2004–2007, although those periods did experience rate cuts. This suggests potential for rising gold prices in the intermediate term. • Rates had been rising without pause for at least 12 months in both cycles; • The yield curve was flat or inverted in both cycles; • Retail sales were falling in both cycles; • Credit conditions were worsening (2006–2007); • Risk assets’ valuations were unusually extended (2000); and • The oil price had peaked (2000). Based on the most recent cycles, our analysis indicates that gold does perform better in a post-tightening cycle, but the period over which this occurs varies. For example, gold rose 3.6% in 2001 — 12 months

after the Fed stopped raising rates. But it rose 7% only one month after the transition in 2007, a trend that continued, as it was 19% higher 12 months after the Fed’s last hike. Gold generally outperformed stocks and the broad commodities complex during these same periods. It also outperformed U.S. government and corporate bonds in the more recent post-tightening cycle — coinciding with the 2008–2009 financial crisis — and this was most likely as a result of more widespread systemic risks. While no clear evidence points to an immediate positive impact on the gold price after the Fed pauses, historical analysis suggests that gold eventually reacts positively as the pause cycle extends and/ or the Fed eases monetary policy. Historical post-tightening periods have shown an eventual strong gold performance, counterbalancing the performance of risk assets such as stocks or commodities, and complementing — sometimes even outperforming — assets such as treasuries and corporate bonds. Other factors Outside the U.S., the European Central bank surprised markets in recent months by extending its asset purchase programme. Yet unlike U.S. Treasuries, the bond markets in Europe and the U.K. are still pricing a positive, if small, chance of a rate hike this year. This, combined with continued uncertainty around trade negotiations between China and the U.S., may likely slow down the appreciation of the U.S. dollar. If, indeed, the Fed were to signal a more dovish stance and the U.S. dollar remains rangebound, this will likely remove some of the strong headwinds that gold faced in 2018. There are also more risks to global financial markets, including: • The long duration of current recovery — seen as a potential sign of economic exhaustion; • Flattening and inversions of key yield curves, with the lack of investment-driven growth indicating possible recession; • Continued lofty valuation of stock markets at levels last seen during the dot-com bubble on a CAPE ratio — highlighting potential volatility bouts; • Deteriorating credit conditions at both the consumer and corporate level; and • Continued uncertainty surrounding Brexit timing and implications. Combined, these factors may support investment demand by providing an entry point for investors looking to add gold to their portfolios as a source of returns, diversification, liquidity and portfolio impact. TNM

2019-03-26 7:06 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 1–14, 2019

Canadian Mining Hall of Fame welcomes five trailblazers HONOURS

| Class of 2019 includes mineral discoverers, an academic and mine builders

BY RICHARD QUARISA AND JOHN CUMMING

he Canadian Mining Hall of Fame (CMHF) bestowed honours on five industry giants at its thirty-first annual induction ceremony in January at the Metro Toronto Convention Centre. The 2019 inductees — Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle — join 176 existing CMHF members. “Tonight we celebrate the lives of four men and one exceptional woman who through their passion, commitment and dedication have made a huge difference to our industry,” said master of ceremonies Pierre Lassonde in his opening remarks. Kate Carmack The first inductee of the evening was Kate Carmack (1857–1920) — or Shaaw Tlaa, in her native language — prospector George Carmack’s wife, who became only the third woman, and the first Indigenous woman inducted into the Canadian Mining Hall of Fame. (Viola MacMillan and Kate Rice are the other two women.) Carmack, her husband and her Tagish First Nation relatives made the first gold discovery at Yukon’s Rabbit Creek on Aug. 17, 1896. Rabbit Creek was later renamed Bonanza Creek, and the discovery spurred the famed Yukon gold rush. Within the pantheon of Canadian Mining Hall of Fame inductees, Kate Carmack now joins the “Klondike Discoverers” group, whose other members are American adventurer George Carmack (1860–1922); Canadian prospector Robert Henderson (1857–1933); Kate’s brother Skookum Jim Mason (Keish) (1859–1916); and her nephew Dawson Charlie (Kaa Goox) (1865–1908) — all four of whom were inducted in 1999. Accounts vary as to who made the initial discovery. Some credit George Carmack, while others credit Skookum Jim Mason. Though no claims were ever registered in Kate Carmack’s name, historians now consider her knowledge of the land instrumental in the beginnings of the Yukon gold rush. Some speculate she may have made the first gold discovery at Rabbit Creek herself. Kate Carmack’s great grandniece Zena McLean accepted the award on her behalf, taking the stage to a traditional song performed by McLean’s daughter and her cousin’s daughter. McLean used the opportunity to recount a story she had heard from her great grandfather — Kate’s nephew — who was also at Rabbit Creek in 1896. “One story he shares,” McLean said, “is of George musing, ‘My little wife Kate will make me a rich man someday by bringing me nuggets from all the gold she has found washing in her wash water.’ And man, did she ever clean up.” The Carmacks would later move with their daughter, Graphie, to

“KATE CARMACK WAS NOT JUST OVERLOOKED IN HISTORY, SHE WAS MISWRITTEN INTO HISTORY.” DEB VANASSE AUTHOR

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Louise Grondin (left), Agnico Eagle Mines senior vice-president of environment, sustainable development and people and CMHF director, presenting to Zena McLeod, great grand-niece of Kate Carmack. PHOTO BY KEITH HOUGHTON

California to live with George’s sister. There, George Carmack abandoned his family, and married another woman in Washington. Kate Carmack and Graphie would eventually move back to Kate’s home of Carcross, Yukon, with Kate living the rest of her life with little money. “Kate was not just overlooked in history, she was miswritten into history,” said Deb Vanasse, author of Wealth woman: Kate Carmack and the Klondike race for gold during a Kate Carmack tribute video played at the event. “If it weren’t for her, the Klondike discovery wouldn’t have happened in the way that it did. “George, her husband, kept everything in her lifetime, but she came home to her true wealth, which was her culture and her stories.” Brian Meikle Next, Brian Meikle was inducted for his many mineral discoveries and developments, including three major deposits he helped discover or expand, and progress into operating gold mines: Camflo in Quebec, Mercur in Utah, and the fabulous Goldstrike gold mine in Nevada, which powered Barrick Gold to become the world’s largest gold miner. Born in Montreal, Meikle completed his M.Sc. in geology at McGill University in 1955, followed by his PhD in geology in 1959. He received McGill’s Logan Gold Medal in 1958 for top marks in geology. “Brian was a modest person, but a super geologist with a fantastic record for developing mines,” said Ed Thompson, a 2018 CMHF inductee, in a tribute video. “I didn’t even know he had a doctorate in geology until years later, so it wasn’t something he bragged about at all,” added Larry Kornze, retired Barrick exploration manager, in the video. “Just a very kind person.” Meikle started his career as a secondary school teacher, but soon became a geologist. His first major discovery was Camflo, which operated from 1963 to 1992, and produced 1.9 million oz. gold. Meikle spent 22 years at Camflo spanning many roles, from geologist to mine manager, and vice-president of operations. He was involved in Barrick’s deal to buy Camflo in 1984, as well as its 1985 acquisition of Mercur, which would produce 2.5 million oz. gold from 1985–1995. His largest contribution to Barrick came in 1986, when he encouraged the company to acquire an interest

Lisa McDonald (left), PDAC executive director, presenting to Janet Meikle (widow of Brian Meikle). PHOTO BY KEITH HOUGHTON

“BRIAN MEIKLE WAS A MODEST PERSON, BUT A SUPER GEOLOGIST WITH A FANTASTIC RECORD FOR DEVELOPING MINES.” ED THOMPSON CMHF INDUCTEE

in Goldstrike, theorizing that its known shallow oxide mineralization was the tip of a much larger system. His hunch paid off when the first hole beneath Goldstrike’s Post deposit cut 119 metres of highgrade gold, followed by a hole that cut 189 metres of 10.3 grams gold per tonne. Exploration led by Meikle later showed that Post was part of a larger deposit that became known as BetzePost. Goldstrike would grow to 60 million oz. gold in reserves and resources across several deposits, and rank as North America’s largest gold mine and the world’s second largest. In 1996, Barrick opened the Meikle underground gold mine at the Goldstrike property, naming it in tribute to the company’s star geologist. Keith Bettles, former chief geologist and exploration manager at Barrick Gold, said in the video that Meikle was “always very optimistic and positive, which is important for an exploration geologist.” Meikle died in 2016 at age 84, and his widow Janet Meikle accepted the award on his behalf. “I am honoured to accept this award,” she said. “Brian and I had 58 memorable years together. This is a momentous occasion — congratulations, inductees.” James M. Franklin Born in North Bay, Ont., in 1942, Franklin earned B.Sc. (1964) and M.Sc. (1967) degrees from Carleton University, and his PhD (1970) from the University of Western Ontario. He joined the Geological Survey of Canada (GSC) in 1975, after a six-year term as the first professor of economic geology at Lakehead University. The CMHF describes Franklin as a “distinguished geoscientist who helped build and advance the

Jon Baird (left), SEMP Consulting principal and CMHF chair, presenting to James Franklin. PHOTO BY KEITH HOUGHTON

“THE GSC CREATED THE JOB OF MY DREAMS FOR ME CALLED ‘REGIONAL METALLOGENIST FOR THE SOUTHERN CANADIAN SHIELD’ — WHICH WAS KIND OF THE 007 OF GEOLOGY. I COULD DO PRETTY MUCH WHAT I WANTED.” JAMES M. FRANKLIN 2019 CMHF INDUCTEE

knowledge base of Canada’s mineral industry,” who spent much of his career with the GSC “documenting the complex evolution of the Canadian Shield, and the link to its phenomenal mineral wealth.” He was a pioneer in the development of models and techniques to guide exploration for volcanogenic massive sulphide (VMS) deposits, and he led ocean-based research of “black smoker” systems to understand how VMS deposits form, as one of the first geologists to use ocean-going submersibles to study black smokers first-hand. Franklin has also served as a geological consultant, educator, author, lecturer and industry ambassador, and awards for his achievements, include the RAF Penrose Gold Medal from the Society of Economic Geologists and the Logan Gold Medal from the Geological Association of Canada.

Franklin started out university life in electrical engineering, but said in his tribute video: “It was the age of Sputnik, and I thought this was a pretty cool thing to do. And I met a guy in residence who was a geologist and spent his summers out in canoes and things, and it sounded much more fun than sitting in an office wearing a tie, so I moved into geology and never regretted it.” As Franklin accepted his award in person, he told the audience that his initial move to the GSC was a key moment of his career: “Quite frankly, they created the job of my dreams for me. They created a position called ‘Regional Metallogenist for the Southern Canadian Shield’ — which was kind of the 007 of geology. I could do pretty much what I wanted.” Franklin said his success “is enSee HALL OF FAME / 6

2019-03-26 7:06 PM

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APRIL 1–14, 2019 / THE NORTHERN MINER

Canadian Mining Hall of Fame welcomes five trailblazers HALL OF FAME From 5

tirely due to the people with whom I’ve worked over the last 50 years. I’ve worked in research, teaching and exploration, and without the exceptional insight of senior managers of the Geological Survey — I can name Digby McLaren, Ray Price and Chris Findlay — I might never have received the opportunity to expand my horizons to understand ore deposits throughout the Canadian Shield, and in particular to do the marine minerals project, which I never had the faintest idea I’d get involved in doing, but was an enormous opportunity. “Innumerable mining companies have opened their doors to me, and gave me data. It’s one of the great things about the Canadian mining industry, that they would do this, without any question whatsoever. In closing, Franklin thanked his wife Claire and daughter Meredith, “who provided me with outstanding support, significant direction and a lot of laughs. Claire and I have been married 50 years, but she says it’s only been 25, because I was away the other half. And she’s probably right — that’s the story for most of us, and it’s been absolutely wonderful.” A.M. (Sandy) Laird Born in 1934 in Invermere, B.C., and growing up on a farm, Laird originally thought his future livelihood would involve horses, but working for the first time in a small mine near his home at age 16 introduced him to what would become his career. Laird spent several summers as an underground miner and a geologist assistant before graduating from the University of British Columbia with a BASc in mining engineering in 1957. During a 39-year career with global mining major Placer Dome and predecessor Placer Development, Laird was directly involved in transforming at least 15 mineral projects into profitable mines. He headed the company’s project development group from 1988 to 1995, and was later responsible for Placer Dome’s global operating

“I DID NOT ARRIVE AT THIS PODIUM BY MYSELF. AND SINCE THERE IS NO WAY OF PAYING THEM ALL BACK, I HAVE DONE WHAT I CAN TO HELP YOUNG MINING ENGINEERS IN A SIMILAR WAY.” SANDY LAIRD 2019 CMHF INDUCTEE

Hatch senior advisor and CMHF director Chris Twigge-Molecey (left) presenting to Sandy Laird. PHOTO BY KEITH HOUGHTON

Northern Miner Group publisher and CMHF director Anthony Vaccaro (right) presenting to James Gill. PHOTO BY KEITH HOUGHTON

and development subsidiaries, with the CMHF noting that “many of the mines were large, technically complex, and in challenging jurisdictions.” Alf Hills, former vice-president of evaluations at Placer Dome, said in a tribute video that “what Sandy brought to the industry was the value that good engineering, good operations does to make a successful project, both in terms of turning them into mines and running them. He represents a class of people who turn dreams into reality. “Sandy basically became Placer’s go-to person when it came to anything to do with mine development — anything from evaluation to construction.” Peter Bradshaw, former exploration manager at Placer Dome, added that “Sandy had a very holistic view. He understood everything, from exploration through feasibility to construction and on into operations — which I think is reasonably rare.” Mines and projects that Laird worked on a rou nd t he world included: Craigmont and Endako in B.C.; Marcopper in the Philippines; McDermitt mine in Nevada; Kidston in Queensland; Misima and Porgera in Papua New Guinea; Big Bell and Granny Smith in Australia; and Zaldivar and La Coipa in Chile. In taking to the stage to accept his award, Laird commented: “We all know that integrity, hard work and pure luck contribute to success, but there is so much more. Looking back at my 60 years in the mining industry, I realize that every success that I have achieved can be traced to someone who helped me to make the right choices.” Laird then paid tribute to the hundreds of mentors who opened doors for him in his career.

inducted into the Canadian Mining Hall of Fame in 2003. Gill worked his first jobs as an economic geologist for companies including Cominco and Denison Mines. “At Denison I got a lot of exposure to how to do deals, and I think that helped me a lot when I decided to try to do it for myself,” Gill said in a tribute video. Aur’s first major discoveries were the Norlartic and Kierens gold mines. By 1992 it had acquired two others and achieved 75,000 oz. per year gold production. Aur discovered the Louvicourt base metals deposit in 1989. Less than five years later Gill and Aur vice-president Howard Stockton had raised the $300 million to put Louvicourt into production. The mine would run until 2005, producing more than 1 billion lb. copper, 500 million lb. zinc, and gold and silver by-products. “James was probably the most well-rounded CEO that I have ever worked with,” David Scott, CIBC World Markets vice-chairman said in the video. “Aur was probably the most successful company at using flow-through financing.” In late June 2007, Aur began talks with Teck about the possibility of an acquisition. By the end of August 2007, Teck had acquired Aur. “That was probably the fastest deal ever done,” Gill said. He credits much of his success to discipline, and says that he never got “carried away and tried to develop three or four projects at the same time.” He remains on the boards of several mining companies and independently funds Hop Haven, an equine therapy centre for children with disabilities. “When I started Aur, the objective

“But there was another reason for my success: I was always surrounded by teams of excellent people whose skill and ability was unsurpassed, who supported and mentored me, and mentored one another, and who were motivated to work as a team, wherever they were located in the world. And I was always made to feel part of that team. “The point I am making, ladies and gentlemen, is that I did not arrive at this podium by myself. And since there is no way of paying them all back, I have done what I can to help young mining engineers in a similar way. “As all of you know, none of this would have been possible without the support of my late wife Betty, who with our two sons followed me around the world as I pursued my career. Nor could I have done it without Margaret, my executive assistant for 15 years, and who later became my wife. Now our roles are reversed: Margaret is management and I’m the assistant.” Laird concluded by saying that “my journey is an experience of 60 years of change. From my first mine at 70 tons a day to my last mine at 120,000 tons per day, it was a great, great ride, and I wish I could do it all over again.” James W. Gill The evening’s final inductee was James W. Gill, who earned passage into the CMHF through his success with Aur Resources, which he started in 1981 and was sold to Teck Resources in 2007 for $4.1 billion. James W. Gill was born in Montreal and completed bachelor and masters degrees at McGill University before earning a PhD in geology at Carleton University. His grandfather, McGill geology professor James Edward Gill, was

Master of ceremonies Pierre Lassonde addressing attendees at the 2019 Canadian Mining Hall of Fame induction ceremony at the Metro Toronto Convention Centre in January.

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“FOR THOSE OF YOU WHO HAVE THE URGE TO BUILD YOUR OWN COMPANY AND ARE PREPARED TO TAKE REASONED CHANCES AND BE PERSISTENT, I ENCOURAGE YOU TO GIVE IT A TRY.” JAMES W. GILL 2019 CMHF INDUCTEE

was to build a real company from scratch,” Gill said from the podium in his acceptance speech. “It was hard work, and it required a combination of persistence, team building, good financial management, and, of course, some good luck. “For those of you who have the urge to build your own company and are prepared to take reasoned chances and be persistent, I encourage you to give it a try. We need entrepreneurs in this industry. Always remember that dreams can, and do, come true.” — With files from the Canadian Mining Hall of Fame. The Northern Miner is a founding sponsor of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, the Mining Association of Canada and the Prospectors & Developers Association of Canada. For more information on the Hall of Fame and how to make a nomination, please visit www.mininghalloffame.ca.

PHOTO BY KEITH HOUGHTON

2019-03-26 7:06 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 1–14, 2019

Blue Sky Uranium proposes low-cost operation at Ivana ARGENTINA

| Shallow open-pit project features anticipated US$18 per lb. uranium costs “YOU JUST USE AN EXCAVATOR, AND THEN YOU DO A SCRUBBING OF THE PEBBLES TO REMOVE THE LARGE, UNMINERALIZED ONES … THEN YOU PUT IT ON THE LEACH PAD. YOU DON’T GET A SIMPLER PROCESS THAN THAT.”

BY RICHARD QUARISA

rquarisa@northernminer.com

lue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has unveiled a preliminary economic assessment (PEA) for its Ivana uranium-vanadium deposit at its wholly owned Amarillo Grande project in Rio Negro, Argentina, highlighted by low operating costs. “For the last three months, we’ve been busy finalizing our PEA,” Blue Sky president and CEO Niko Cacos says in an interview with The Northern Miner. “It’s a very positive PEA. It shows that the Ivana deposit is economic in today’s environment.” According to the study, the project would produce 1.35 million lb. uranium oxide per year over a 13-year mine life at US$18.27 per lb. uranium oxide all-in sustaining costs (AISCs). The project would require US$128.05 million in preproduction capital and US$35.46 million in life-of-mine sustaining capital. It has a US$135.2-million, after-tax net present value (NPV) at an 8% discount rate, and a 29.3% after-tax internal rate of return (IRR) at US$50 per lb. uranium oxide and US$15 per lb. vanadium oxide. The project would achieve after-tax payback in 2.4 years. “At US$18 AISCs, even if we sold it at spot, we’d be making money,” Cacos says. “So if the uranium price starts to move up, this is going to be very profitable.” At US$60 per lb. uranium oxide, the project’s after-tax NPV improves to US$202.3 million at an 8% discount rate. The after-tax IRR jumps to 37.3%. “The goal was, since the beginning, trying to be in the lower quartile of operating costs, and we achieve it very well,” Blue Sky vice-president of exploration and development Guillermo Pensado says. “The metallurgical process looks very simple and common, as well.” The PEA proposes an open pit that would extend to 30 metres depth. It would be 3 km long, with widths ranging from 400 metres to 1 km. The company would mine 13,000 tonnes per day with two excavators, a front-end loader and six 31-tonne articulated trucks. The materials are contained in unconsolidated gravels and sand, so the company would not need drill or blast operations. Recovery rates stand at 84.6% for uranium and 52.5% for vanadium. “You just use an excavator, and then you do a scrubbing of the pebbles to remove the large, unmineralized ones,” Cacos says. “And then you put it on the leach pad. You don’t get a simpler process than that.” Mineralization occurs at Ivana within 25 metres of surface in two stacked zones. It is the southernmost of three target areas at Amarillo Grande. “What’s exciting now is the upside,” Cacos says. “The potential expansion from there is this 145 km strike length zone, which we know is mineralized. It’s got potential to be 100 million lb. plus.” Pensado adds that “our goal was: let’s try and show in this sector that we have something that could be economic. Now that we understand the geological model, we understand how to explore the other sectors.” He goes on to say that with Blue Sky’s greater understanding of the area’s geology, it needs to retrace its steps and re-examine previously

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NIKO CACOS PRESIDENT AND CEO, BLUE SKY URANIUM

Blue Sky Uranium director David Terry in Argentina.

overlooked areas of the property. The study uses an updated resource estimate for the project that Blue Sky tabled in late 2018. It includes 61 reverse-circulation holes totalling 1,043 metres the company drilled in September 2018. In total, the company has drilled 7,600 metres at Ivana to an average 15 metres below surface. “You say, well, 7,600 metres — that doesn’t look like much drilling,” Pensado says, “but, in fact, it’s 488 holes, because they are very shallow.

THE PERFECT

GIFT

BLUE SKY URANIUM

And due to the spacing that we have, most of them could be converted into the indicated category.” The updated resource outlined a 17% increase in total tonnes, as well as a 19% increase in contained uranium oxide and a 13% increase in contained vanadium oxide. The updated resource totals 28 million inferred tonnes grading 0.037% uranium oxide and 0.019% vanadium oxide for 22.7 million lb. uranium oxide and 11.5 million lb. vanadium oxide.

The company will spend the next six months drilling and expanding its resource area. It aims to spend between $2 million and $3 million, drilling 8,000 metres. Towards year-end, it will begin work on a prefeasibility study for the project. “To drill there is very low cost,” Pensado says. “It’s a flat area. We don’t need to build roads or anything. We are in the bottom of the basin, with no connection to other basins.” “This area is less densely popu-

lated than Siberia,” Cacos adds. Even so, the company has a paved road going all the way to its project, a railway 30 km away, a deepwater port within 100 km, and gas and electricity at site. Cacos says the Argentine government supports uranium mining, and makes and exports small, portable nuclear reactors. Shares of Blue Sky Uranium are trading at 18¢ in a 52-week range of 12¢ to 23¢. The company has a $20-million market capitalization. “We’ve been fortunate that we’ve been able to bring the project to this point where it is right now,” Cacos says. “We’ve seen an almost 50% rise in the price of spot uranium over the past year, and there is a sustained rise, I believe, in the price of vanadium. If these trends continue, I think timing will be perfect. “We’ve got real value here.” TNM

The Art and Humour of John Kilburn Cartoons from A hilarious, 262-page anthology of mining cartoons by The Northern Miner’s resident cartoonist John Kilburn. Unique in its scope and ambitions, this anthology gathers the best Northern Miner cartoons created over 25 years by John Kilburn, a Vancouver-based mining professional who has worked in Western Canada as a mining engineer, broker, journalist, equity analyst and investor. Kilburn stylishly captures the mining sector’s biggest events over the past quarter century as well as its perennial conundrums with a cast of characters that includes engineers, geologists, miners, promoters, executives and environmentalists. Joining the cast are coal mine canaries, camp dogs and llamas, plus a special appearance by Santa. With a foreword by Pierre Lassonde, cofounder and chairman of Franco-Nevada, an introduction by John Cumming, editor-in-chief of The Northern Miner, and hundreds of boisterous JK mining cartoons like you’ve never seen them before. Specifications: 7.8” by 10”, 262 pages, B&W with a colour cover, ISBN 978-1-987932-00-3 C$34.99 plus shipping and applicable taxes.

$34.99

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2019-03-26 7:06 PM

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Prospectors & Developers Association of Canada president Glenn Mullan (left) interviews Canadian Prime Minister Justin Trudeau at the 2019 PDAC convention in Toronto.

PDAC

Trudeau speaks on Canadian mining innovation, Aboriginal engagement

PDAC INTERVIEW

| Canadian PM emphasizes need for new technologies, Aboriginal community involvement

anadian Prime Minister Justin Trudeau made a visit to the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto on March 5, 2019, for a sit-in interview conducted by outgoing PDAC president Glenn Mullan. Below is a full transcript of the 20-minute interview, edited for clarity. Topics that Trudeau and Mullan discussed included technological innovation, sustainable mining practices, federal regulatory changes and reconciliation efforts with Canada’s First Nations. Glenn Mullan: We’re so much looking forward to the fireside chat without a fire. And we have a couple of topics that we thought would be agreeable for discussion, including Canada’s competitiveness, Indigenous affairs and some of the regulatory things that we’re working on in collaboration with your government in particular. There’s a lot of people that work in the mining industry in Canada — about 630,000 — that come from every province, every territory, every community in Canada. And so competitiveness is a key part of our industry, and we face challenges from a broad range of sources, some domestic — cannabis, cryptocurrencies and blockchain — and international, [such as] Australia, and many other countries that compete with us. But one of the things that we were thrilled to see this year was the renewal of the Mineral Exploration Tax Credit (METC) for five years. Before, each year we met the renewal with relief more than enthusiasm. Prime Minister Justin Trudeau: Eighteen straight one-year renewals. GM: That means at one point you’ve got to say, “OK. This is a good thing, let’s do it for five years.” And that’s what we did in the fall. And maybe you could explain a little bit about why your government thought it was important to the minerals industry and mining exploration, in particular. PMJT: Well, it’s more than just the minerals industry and mining — it’s about industry in general. It’s about businesses and commercial outfits who are doing more and

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“WE CAN’T BE THE COUNTRY WE LIKE TO PRETEND WE ARE ON THE WORLD STAGE … IF WE DON’T TRANSFORM FOR THE BETTER THE RELATIONSHIP THAT HAS BEEN BROKEN FOR FAR TOO MANY GENERATIONS — AND INDEED CENTURIES — WITH INDIGENOUS PEOPLES, WITH THE FIRST PEOPLES ON OUR LAND.” JUSTIN TRUDEAU PRIME MINISTER OF CANADA

more long-term planning, as we want them to be. You’re making capital investments, you’re looking for the long-term. A mine isn’t something you can open and close in six months. Obviously, you’re looking over a longer period of time. Five years is, for me, giving a bit more stability and predictability, and drawing in investors and building the partnerships and planning for your horizon. What we want as a country is to demonstrate that Canada is a good place to invest, a good partner to have in your business, and that means listening to your concerns and responding to them, and that’s where we’re giving more predictability on the METC, where we’re highlighting the stability that comes with the trade deals we’ve signed. You’re obviously an international industry with operations around the world, and in Canada, that is exporting around the world. The fact that Canada is now the only G7 country with a free-trade deal with every other G7 country — we obviously have access to the U.S., we have access to Europe, we have access to the growing economies of Asia. We are extremely well positioned as a country to continue to engage in the global economy, and making sure we’re competitive within that is really important. So, the METC for five years is a piece of it. The accelerated capital cost allowance as well that allows you to write off capital investments in machinery and equipment a lot more quickly is the kind of thing that we’re doing to incentivize you to invest in Canada, and to know that we are your partners right now and for the long-term.

GM: And met with such enthusiasm by our members and delegates in the aftermath. When you ask for three years and you get five, you can only be happy. So, thank you. The new norm in the world economy is one of cycles, pressures, challenges and competition. That’s no more true than in the minerals and minerals exploration industry. Commodities go up, commodities go down. We all check gold prices, we members in this room check gold prices, nickel, copper. PMJT: I was asked about the price of gold on my way into the conference. “Prime Minister, any predictions on the price of gold?” I’m like, “I’m not going anywhere near that question.” But yeah, I can see it’s a concern. It was about US$1,288.50. There’s a 50% chance it will go up. GM: But the mining industry is such a key contributor to Canada’s economy. So, 5% of gross domestic product, which is actually a huge number in dollars, it’s about $90 billion — in fact, a little more. About 20% of Canada’s domestic exports and a huge key contributor to royalties and taxes. Not too many industries brag about the taxes they pay, but we do. The mining industry is a key creator of jobs, and that’s especially true in Canada’s north and in the remote regions. On the topic of competitiveness, what can Canada’s mineral industry do with your government to continue enhancing our role? PMJT: As in general across all different fields of the economy, people are understanding we’re in a time of change right now of transformation

of new technologies, of global supply chains, and everyone is trying to adjust to the new realities. The pace of change accelerating so much over these past years that what we try to do as a country, and what you certainly are doing as an industry is look at where things are going. Go to where the puck is going to be, not where the puck is. You know that the investments in innovation, in research, in science, in partnerships with Indigenous people are all things that are going to stabilize and give you opportunities to be more competitive in the coming years. It’s interesting because when we think about Canada and Canada’s economy in a historical context, we often go back to, “Oh, we used to be hewers of wood and drawers of water, and now we’re investing in the knowledge economy and AI and robotics.” But anyone who tries to make a distinction between the resource sector and the knowledge economy is completely missing the boat on what the resource sector in Canada is actually doing. The level of innovation, the level of research you are doing, the level of investigation and innovation in terms of robotics to go deeper and further, using AI to be more successful in remote locations — that’s where the industry is going, and these are ways that Canada is investing. I made a big announcement last week on AI and robotics in regards to our space program, but that applies across many industries where you are innovating for the future. At the same time, what you’re doing is also very much a part of the new economy. We can’t talk about electric cars without recognizing

that there’s way more copper wiring in an electric car than in a traditional car. We know solar panels require all sorts of different minerals, a number of which are available and developed in Canada. We know that the kinds of innovations that are coming down the pipe are going to require more and more high-quality processes, productions and products. And this industry in a stable country like Canada — which is stable politically, geographically, socially, economically, fiscally — is a sound investment particularly because you can count on Canadians to be hardworking, innovative, ambitious, creative, and drive success for your industry and your investors. GM: Thank you, Prime Minister. And you are certainly a great promoter of our industry as we’ve just heard, and you actually used a hockey metaphor in there. PMJT: I know you’re a Habs fan, Glenn. So, we’re gonna bond on that one, even here in Toronto. There you go. GM: And thank you for that. I was actually supposed to open by asserting that the PDAC is more or less our Stanley Cup, but without Connor McDavid or Sidney Crosby. PMJT: There are far too many Canadians right now who have done well in the PDAC as opposed to at the Stanley Cup, but we’re gonna turn that around this year with a number of good teams. GM: I hope that to be true. I’d like to move to a completely different topic now and one that I think is important to everyone in this room, and was part of our opening from PDAC executive director Lisa McDonald, when she paid tribute to the Credit First Nation. So, the topic is Indigenous partnerships and the way that the minerals industry in particular engages with northern communities, communities of Aboriginal people — not just in Canada, but outside. But, in particular, in Canada where there are over 500 such partnerships that See TRUDEAU / 16

2019-03-26 7:06 PM

GLOBAL GOLD Lumina Gold’s Cangrejos gold property in southwestern Ecuador’s El Oro province.

SPECIAL FOCUS

LUMINA GOLD

Monarch Gold targets multiple projects QUEBEC

| Junior reports interest from potential partners BY TRISH SAYWELL tsaywell@northernminer.com

ince the Prospectors and Developers Association of Canada (PDAC) conference wrapped up in early March, Monarch Gold (TSX: MQR; US-OTC: MRQRF) has fielded calls from three mining companies about possible joint ventures to explore its Croinor gold project, 55 km east of Val-d’Or in Quebec. The project has a fully permitted past-producing mine that is open at depth, and the junior has already found mineralized zones northeast of the main deposit on the 151 sq. km property. “We hold all of it, and are seeking partnerships because it’s too vast for us,” Jean-Marc Lacoste, Monarch Gold’s president and CEO, says. “We have had three serious enquiries — two majors and a mid-tier. They knocked on our door because of the potential of the Croinor deposit.” The deposit has 236,000 oz. gold in the measured and indicated category (804,600 tonnes grading 9.12 grams gold per tonne) and 38,400 oz. gold in the inferred category (160,800 tonnes averaging 7.42 grams gold), but the known resource has been chased down only to a depth of 350 to 400 metres, Lacoste says, and is open at depth. “It needs a lot of exploration to potentially double or triple the resource by drilling much deeper, and following different vein systems,” he says. “We also discovered some very interesting potential within the vicinity of the main deposit in January 2017, when we found a 25-metre zone of 8-gram material sitting about 500 metres from the current deposit.” That discovery to the northeast is named Gold Bug, and Lacoste See MONARCH / 12

“ROB MCEWEN IS A BIG FAN, A BIG SHAREHOLDER AND IS VERY ACTIVE. I HAD A ONE-HOUR MEETING WITH HIM AT HIS OFFICE DURING PDAC TO GIVE HIM AN UPDATE ON WHAT MONARCH HAS BEEN DOING.” MARC LACOSTE PRESIDENT AND CEO, MONARCH GOLD

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Drillers at B2Gold’s Fekola gold mine in southwest Mali.

B2GOLD

B2Gold earmarks US$43M for global exploration GOLD

| Funds will be used in Mali, Namibia, Philippines and Nicaragua

BY TRISH SAYWELL tsaywell@northernminer.com

2Gold (TSX: BTO; NYSEAM: BTG) was created as a junior exploration company in 2007, and since then it has grown to become an intermediate gold producer, with five mines in four countries. Last year production reached 953,504 oz. gold — a 51% jump over 2017 — sending revenues nearly doubling year-on-year to US$1.2 billion, and cash flow almost tripling to US$451 million. That war chest helped B2Gold slash debt US$220 million, and still end the year with US$103 million in cash and equivalents. This year management has carved out a US$43-million exploration budget. The funds will be used for exploration around the company’s mines in Mali, Namibia, the Philippines and Nicaragua, but the lion’s share — US$15 million (40% of the total) — will be spent in Mali at its Fekola mine, now in its second full year of commercial production, and where B2Gold reported a substantial increase in resources late last year. The new resource for the West African mine is contiguous to the north of the current Fekola reserve pit boundary, and extends the resource pit boundary 1.2 km north. “We continued to drill during the three years we were building the mine, so we could announce a much bigger resource,” Clive Johnson, B2Gold’s president and CEO, tells The Northern Miner. This year, B2Gold plans to continue to convert inferred resources to the indicated category, drilling northwest of the deposit. The company has already

started a 25,000-metre infill drill program, and along with earlier drilling, this will help calculate probable reserves for the extended Fekola deposit. Fekola has 92.81 million tonnes grading 1.92 grams gold per tonne for 5.73 million contained oz. gold, and 26.50 million inferred tonnes averaging 1.61 grams gold for 1.37 million oz. gold. The resource was reported within a pit shell using a US$1,400 per oz. gold price. At US$1,250 per oz. gold, Fekola contains 90.67 million indicated tonnes grading 1.94 grams gold for 5.67 million oz. gold, and 16.62 million inferred tonnes averaging 1.58 grams gold for 844,000 oz. gold. The company recently completed a study evaluating whether to ex-

“WE’RE ONE OF THE VERY FEW GOLD MINING COMPANIES TO GROW OVER THE LAST FIVE YEARS, SO WE DON’T FEEL — WITH THAT AND WHAT WE HAVE IN OUR PIPELINE — ANY SENSE OF URGENCY TO GO OUT AND DO A DEAL.” CLIVE JOHNSON PRESIDENT AND CEO, B2GOLD

pand the mine and mill from the base case throughput of 6 million tonnes per year to 7.5 million tonnes per year, at a capital cost of US$50 million. The board will make a decision soon. Johnson calls it “a no-brainer.” B2Gold’s exploration budget in

southwestern Mali includes US$3 million for reverse-circulation and diamond drilling on its Anaconda zones, 20 km from Fekola. The drilling at Anaconda, which the company also refers to as “the See B2GOLD / 10

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APRIL 1–14, 2019 / THE NORTHERN MINER

Pit operations at B2Gold’s Fekola gold mine in Mali.

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B2Gold earmarks US$43M for global exploration

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Snakes,” will focus on mineralized sulphide targets below the shallow oxidized saprolite zones, where previous drilling intersected decent gold grades. In June 2017, the company reported an inferred resource for Anaconda’s saprolite mineralization of 21.6 tonnes grading 1.1 grams gold for 767,000 contained oz. gold. The estimate was reported within a series of pit shells and above a cut-off grade of 0.35 gram gold per tonne. The saprolite-hosted gold mineralization remains open and B2Gold ’s exploration group is continuing to explore the edges of the known zones, and test for more saprolite-hosted mineralized zones and Fekola-style mineralization within the bedrock. The resource was based on 2,007 drill holes (107,048 metres of drilling). Anaconda’s resource includes the Anaconda, Adder, Cobra, Cascabel, Mamba and Boomslang zones, which occur as flat-lying to slightly dipping mineralized zones within saprolite and saprock. The mineralization occurs near-surface and remains open along strike. “Anaconda is intriguing because it’s in heavily weathered material,” Johnson says. “It can be cheaply mined one day because it doesn’t need blasting and crushing.” “The question is, where does it come from? Could there be other pipe-like mineralizing structures similar to Fekola? We’ve had some pretty good intercepts, and we’ve had some pretty good intercepts below the saprolite.” Johnson notes that hundreds of millions of years ago Fekola was under saprolite because it was in an ancient riverbed. “The saprolite is probably 500 million years of weathering,” he says. “So where are the feeder zones? You’re in elephant country — we’ve got quite a lot of mineralization over the area, so it’s a prime exploration target, and there are several targets in the Anaconda area.” The company will also drill its new Cardinal target, less than 1 km west of Fekola. At its Otjikoto mine in Namibia, B2Gold will spend US$5 million (11.1% of the total) on drill programs split between Otjikoto and Ondundu, which is 200 km southwest of the Otjikoto mine. Most of

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“WE HAVE A NUMBER OF INITIATIVES AROUND THE WORLD, AND ARE LOOKING FOR JOINT-VENTURES WITH JUNIORS WHERE WE WOULD COME IN AND ENTER AN OPTION FOR A MAJORITY INTEREST — THAT’S AN IMPORTANT INITIATIVE.” CLIVE JOHNSON PRESIDENT AND CEO, B2GOLD

the drilling will test down-plunge of the Otjikoto mine and the Wolfshag open pits. “We’ve got seven years of mining at Otjikoto as an open pit,” Johnson says. “There are some pretty good economics there, and we’ll want to find out what the potential is underneath Otjikoto and the Wolfshag pits, which are right next to each other. The question is, when you get further along, do you increase the size of the open pit? We’ve been doing some tradeoff studies after seven years, and it looks like it is pointing to us going underground.” As for Ondundu, where B2Gold has been working for a couple of years, the project is too far away to complement Otjikoto, but the company has had some good, initial results, and is starting to put together a zone, he says. “Does it get big enough for us ... we’ll be doing more drilling on that this year to see how big it gets.” In Nicaragua — where the company owns two mines, El Limon and La Libertad — B2Gold will spend US$3 million, or 7.2% of its total exploration budget, at El Limon, where drilling will focus on the northern extension of the Central Zone and other targets found on the property, and another US$3 million at La Libertad, to test several regional surface targets it has identified. At El Limon, the new Central Zone could lower El Limon mine’s cash-operating costs and all-in sustaining costs per ounce, and increase El Limon’s mine life. It could also expand the El Limon mill to a higher throughput rate, which the company says could double annual gold production. The Central zone — which at its closest location, is 150 metres from the El Limon mill facility — extends southeast and northwest of the mine’s existing plant and administrative infrastructure. In February 2018, B2Gold announced an open-pit resource for

the Central Zone of 5.1 million inferred tonnes grading 4.92 grams gold per tonne for 812,000 oz. gold. The El Limon Central Vein has been drill tested along a 2.2 km strike length and remains open to depth and along strike. Highlighted results within the pit include 20 metres of 24.24 grams gold; 25 metres of 11.65 grams gold; 6 metres of 64.76 grams gold; and 16 metres of 20.04 grams gold. Below and beyond the resource pit limits to the north, drill intercepts include 2 metres of 13.43 grams gold and 20.35 grams gold, including 4 metres of 6.85 grams gold. Positive results from the expansion study for El Limon were released in October 2018, and the company is completing optimization studies that could wrap up before the end of the first quarter. Johnson notes that the El Limon mine has produced since 1941, and B2Gold’s discovery of the Central Zone will improve the mine life. “It remains open to the north, and we’re getting some good hits, suggesting it could be bigger.” The mining executive also notes that B2Gold bought the El Limon mine and the La Libertad mine for US$45 million, “and they’ve been excellent acquisitions for us.” Without exploration success, La Libertad is nearing the end of its mine life, perhaps in another two or three years. But Johnson points out that there are other deposits and opportunities in the area where B2Gold plans to drill, and that the company could truck ore to the mill, such as from El Pavon, 40 km north. At its Masbate mine in the Philippines, B2Gold will spend US$4 million on an exploration program that will include brownfields drilling to upgrade resources within the mine licence, and drilling on exploration targets within the mine area. Johnson says there’s “a very good chance the mine life will be extended beyond the current eight

years,” and points out that there is probably another eight years’ worth of mining old tailings. “We could produce around 100,000 oz. over another eight years or so ... just running stockpile through the mill,” he says. “It’s economic.” Development projects will also get exploration dollars. The company plans to spend US$3 million (7.9%) in the country’s Kiaka regional district, where drilling will test regional targets around the Kiaka deposit. Kiaka “is a low-grade, 5 million oz. deposit that — based on everything we’ve looked at — needs a higher gold price to become something you’d build,” he says. “But there are a number of targets around Kiaka itself to see if there’s anything that is better grade. “ Drilling in Burkina Faso will help expand the Toega resource and test regional targets around the Toega deposit, 50 km north of Kiaka. In February 2018, B2Gold completed an inferred resource on Toega of 17.53 million tonnes grading 2.01 grams gold for 1.13 million oz. gold. The Toega mineralized zone extends 1,200 metres along strike, and runs 430 metres wide and up to 400 metres deep. The deposit remains open along strike north–northeast and down dip, and could become an openpit mine. The resource was based on 165 drill holes (37,776 metres of drilling). In Colombia, B2Gold is evaluating reinterpretations of the resource model for its Gramalote project, which were initially done by its partner AngloGold Ashanti (NYSE: AU), and were reviewed in-house, as well. The new models indicate the potential for a bettergrade resource that could improve project economics, and the two companies are currently reviewing the models and updating the project’s economics. Finally, B2Gold will pursue exploration discoveries through property acquisitions and joint

ventures with junior explorers, and has set aside US$8 million (17.5%) for its international greenfields programs, Johnson says. “The other big push we’re doing is grassroots exploration,” he says. “We have a number of initiatives around the world, and are looking for joint ventures with juniors where we would come in and enter an option for a majority interest — that’s an important initiative.” “Our strategy is a little bit different from other producers,” he says. “We have one of the best gold-exploration teams in the world demonstrated over the last 30 years, so we want to do joint ventures where we’re the operator, and that allows juniors not to dilute their shareholders out of existence.” As for what parts of the world B2Gold are most interested in, Johnson points to southern and western Africa, as well as Namibia and the former Soviet Union. “There is potential for very large gold deposits in the former Soviet Union, and we’re looking at opportunities there.” Johnson isn’t ruling out potential mergers and acquisitions deals, but says the focus is on internal growth. “Our rules of engagement have never changed in acquisitions,” he said in a conference call in midMarch. “We’ll never buy anything that needs a higher gold price and/ or exploration success to justify the purchase price. And we’ve always said the cheapest ounces are the ones you find. “We have an extraordinary track record with Tom and this team, and we’ll continue to focus on exploration. “We’re one of the very few gold mining companies to grow over the last five years, so we don’t feel — with that and what we have in our pipeline — any sense of urgency to go out and do a deal.” Over the last year, the company’s shares have traded in a range of $2.77 to $4.40 per share. At press time, B2Gold was trading at $3.87 per share. The company has 999 million common shares outstanding for a $3.9-billion market capitalization. CIBC has a 12- to 18-month target price on the company of US$3.75 per share; BMO Capital Markets, $5 per share; and Macquarie Research, $6 per share. All three brokerages have an “outperform” rating on the stock. TNM

2019-03-26 7:06 PM

GLOBAL GOLD

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 1–14, 2019

GLOBAL GOLD SNAPSHOT

Eight companies advancing projects globally Gold exploration and mine development remain leading drivers of mining activity around the world by Canadian-based gold companies. Here is a look at eight junior and senior companies with significant gold developments in 2019. ALAMOS GOLD Alamos Gold (TSX: AGI; NYSE: AGI) is a Toronto-headquartered intermediate gold producer with four operating mines in North America: the Young-Davidson and Island Gold underground mines in northern Ontario; and the Mulatos and El Chanate open-pit, heapleach mines in Mexico’s Sonora state. The company also has exploration and development projects spread across Mexico, Turkey, Canada and the United States. The company has set aside a global exploration budget for 2019 of $33 million, of which US$19 million will be spent at Island Gold for defining near-mine resources. It has also budgeted US$6 million at Mulatos and Lynn Lake, its feasibility-stage, open-pit gold project in Manitoba. As of Dec. 31, 2018, the company reported global proven and probable reserves of 9.7 million oz. gold (199 million tonnes grading 1.51 grams gold per tonne) and global measured and indicated resources of 7.2 million oz. gold (202 million tonnes grading 1.11 grams gold). The company met its production guidance in 2018 for the fourth straight year, producing 505,000 oz. gold at all-in sustaining costs of US$989 per oz. gold. It ended the year debt-free and with a strong balance sheet, including cash and equivalents of US$206 million and US$400 million in an undrawn credit facility. On March 1, Alamos obtained an operating permit for earthworks on the open-pit area of its Kirazli gold project in Turkey, where the company expects to spend US$75 million in 2019 wrapping up a water reservoir, plus construction and earthworks. The other US$60 million of Kirazli’s total initial capital budget of US$152 million will be spent in 2020, with initial production expected by the end of 2020. Kirazli could produce over 100,000 oz. gold during its first full year of production at the mine site, with all-in sustaining costs of less than US$400 per ounce. This should bring Alamos’ consolidated production to over 600,000 oz. gold per year. CONTACT GOLD Vancouver-based junior Contact Gold (TSXV: C; US-OTC: CGOL) is a gold explorer in Nevada with what it calls a “district-scale property package” on the Carlin trend. Contact says it is “well capitalized, with a strong treasury” to fund its exploration programs. Its shareholders include Waterton Global Resource Management, Goldcorp and several miningfocused institutional investors. In March, Contact raised gross proceeds of $2.85 million through a private placement of 9.8 million shares and warrants, with net proceeds earmarked for drilling at Contact’s Pony Creek gold project in Elko County, and for general

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Drill core at Iamgold’s Rosebel gold mine in Suriname. working capital. More recently, Contact reported gold-in-soils extending 580 metres west from the previous drilling discovery at the Pony Spur target on the Pony Creek gold property, with the highest-grade, gold-insoil sample at 1.18 grams gold per tonne, being returned from a target 480 metres south of Pony Spur in a similar Carlin-type gold setting. Contact Gold CEO Matt Lennox-King stated: “These new gold discoveries at the traditional Carlin-type gold host are very exciting. To discover our highest-grade gold in soil sample to date from Pony Creek is particularly encouraging given its proximity to Pony Spur, and our other targets on the property. In addition, we are excited to see that our drill intercepts from last year might only have been at the margin of the system, and that there is a substantial footprint of gold extending west and south from Pony Spur.” EQUINOX GOLD Ross Beaty-linked Equinox Gold (TSXV: EQX; US-OTC: EQXFF) has committed to produce at its Aurizona gold mine in Brazil in the first quarter of 2019, and is advancing its past-producing Castle Mountain gold mine project in California. In February, Equinox raised $130 million in the form of a convertible note bought by Mubadala Investment Co., which is owned by the Abu Dhabi government. Proceeds were to be used to refinance part of corporate and project debt, for general and working capital purposes, and toward first-phase construction at Castle Mountain. In March, Equinox updated the reserve and resource base at Aurizona, which now stands at 19.8 million tonnes grading 1.52 grams gold per tonne for 971,000 contained oz. gold, plus total measured and resources of 12.8 million tonnes at 1.68 grams gold, and another 17 million inferred tonnes at 1.98 grams gold. The company also updated its reserve numbers at its Mesquite gold mine in southern California, where proven and probable reserves total 54.6 million tonnes

PHOTO BY JOHN CUMMING

at 0.57 gram gold for 1 million contained oz. gold. Measured and indicated resources add 129.9 million tonnes at 0.46 gram gold for 1.9 million oz. gold. In August 2018, the Vancouverbased junior spun out its copper assets in the Americas into a new company named Solaris Copper, in which it has kept a 40% stake. Solaris’ assets include the wholly owned Warintza coppermolybdenum property in Ecuador and Ricardo early-stage coppermolybdenum property in Chile, and the 60%-owned La Verde advancedstage copper-silver-gold property in Mexico. IAMGOLD Toronto-based Iamgold (TSX: IMG; NYSE: IAG) is an international gold company that last year tallied attributable gold production of 882,000 equivalent oz. gold, including record gold production of 405,000 oz. at Essakane in Burkina Faso, at all-in sustaining costs of US$1,057 per oz. sold. At year-end 2018, Iamgold’s attributable proven and probable gold reserves were 17.9 million oz. — up 23% from the end of 2017 — while attributable measured and indicated resources (including reserves) were 27.9 million oz. gold. Attributable inferred resources were 8.7 million oz., up 13%, and down 1% from the end of 2017. On March 19, Iamgold announced it would cut its workforce 32% at its Westwood gold mine in Quebec, because of “planned reductions due to the stage of mine development, as well as realignment reductions due to the previously disclosed production guidance.” Iamgold’s guidance for Westwood production guidance for 2019 is 100,000 to 120,000 oz. gold, with the workforce reduction “intended as a stabilizing cost control measure.” Meanwhile, the company is developing a revised life-of-mine plan for Westwood, and will update the markets on its progress in the fourth quarter of 2019. As for its gold-exploration criteria, Iamgold says it will “focus only on projects with a target threshold potential of at least 1 million oz. of mineral resources, capable of reaching 100,000 oz. in annual

production.”

806,100 equivalent oz. gold.

Iamgold’s most prominent grassroots exploration projects include: the 1.6 million oz. Boto gold project in Senegal; the Pitangui gold project in Brazil’s Iron Quadrilateral; the Siribaya gold project in Mali; and several joint ventures, such as Monster Lake in Quebec with Toma Gold, and Eastern Borosi in Nicaragua with Calibre Mining.

In March, Mako CEO and director Kevin Bullock resigned both positions to “pursue another opportunity,” Mako said. Akiba Leisman has become Mako’s interim CEO, and a search is underway for a permanent CEO. Leisman is a director of Mako and was executive chairman and interim CEO of Marlin Gold Mining. Bullock had been CEO at Golden Reign for over three years.

MAKO MINING Mako Mining (TSXV: MKO; USOTC: GRGNF) is the product of a November 2018 merger of Golden Reign Resources and Marlin Gold Mining, whereby Golden Reign acquired all Marlin shares, at a rate of 0.51 Golden Reign share for each Marlin share. Mako has since focused on Golden Reign’s San Albino gold deposit in northern Nicaragua and Marlin’s producing La Trinidad gold mine in Sinaloa, Mexico. Before the merger, Marlin sold its Commonwealth silver-gold property in Cochise County, Arizona, to Wexford Capital LP, its largest shareholder. Golden Reign had also restructured its San Albino gold stream agreement with Sailfish Royalty (TSXV: FISH; US-OTC: SROYF), which Marlin spun out in 2017. The agreement includes a 3% net smelter return royalty (NSR) to an area of interest on San Albino, and a 2% NSR on the rest of San Albino, minus the El Jicaro concession. According to a 2015 preliminary economic assessment, the San Albino deposit has a US$128.6million, after-tax net present value at a 5% discount rate, and a 47.9% after-tax internal rate of return. It requires a US$13.9-million initial capital expense to produce more than 21,000 equivalent oz. gold per year, for a 31-year mine life at a US$466 all-in sustaining cost. The project features both openpit and underground resources. In total it contains 678,000 indicated tonnes grading 7.01 grams gold and 12.5 grams silver for 152,900 oz. gold and 271,800 oz. silver, or 156,100 equivalent oz. gold. It also contains 3.06 million inferred tonnes at 7.99 grams gold and 12.7 grams silver for 787,800 oz. gold and 1.25 million oz. silver, or

PARA RESOURCES Vancouver based junior Para Resources (TSXV: PBR; US-OTC: PRSRF) describes itself as an “inproduction gold mining company, with projects in Arizona, Colombia and Brazil.” Para is ramping up to full production at its El Limon mine in Colombia, and just resumed operations and production at its Gold Road mine in Arizona. Gold Road was discovered in 1900 in Mohave County, 24 km northeast of the ArizonaCalifornia-Nevada border, which Para describes as “Arizona’s greatest primary gold producing district.” Para reported pouring a test 40 oz. doré bar on March 11, and says the “full circuit of mining, crushing, grinding, leaching, electrowinning and smelting has now been fully tested, and is operational,” and that the ramp-up of underground mining continues, with full production expected in the third quarter of 2019, at a goal of 3,000 oz. gold per month. Ian Harris is Para’s president, while C. Geoffrey Hampson serves as CEO and chairman. Para says it is “unique in that [its] insiders have invested more than $20 million of their own capital, and own approximately 70% of the equity.” In February, Para raised $5 million in a brokered private placement, with proceeds used to upgrade the small mines at El Limon to fund exploration programs at El Limon and Gold Road, and for general corporate and working capital purposes.

See SNAPSHOT / 14

2019-03-26 7:06 PM

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APRIL 1–14, 2019 / THE NORTHERN MINER

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Monarch Gold targets multiple projects MONARCH From 9

is confident that more exploration will find mineralization on other parts of the property. “We have hit several targets within 2 to 3 km of the deposit, so, with a property of this size, which is roughly 15 to 20 km long by 4 to 5 km wide, it gives you an idea of how big this property could be.” Lacoste also notes that mining entrepreneur Rob McEwen invested in the company in May 2016 — largely on the upside he saw at Croinor — and holds 5% of the junior. “He came in with a cheque and said he really liked the property, and there was so much to explore,” Lacoste says. “He’s a big fan, a big shareholder and is very active. I had a one-hour meeting with him at his office during PDAC to give him an update on what Monarch has been doing.” Lacoste notes that Monarch updated a prefeasibility study (PFS) on the Croinor deposit in January 2018 that did not include any drill results after November 2015, which now totals over 30,000 metres of drilling. The newer study outlines a mine life of just over three and a half years, including pre-production of 602,994 tonnes at a grade of 6.66 grams gold per tonne. The study estimates total production of 125,889 oz. gold at a total cost of US$902 per oz., based on US$1,280 per oz. gold. The company says there’s a lot more work to be done and expects to sign a joint-venture deal before year-end. After completing an initial drill program of 20,000 metres (89 drill holes) at Croinor last year, the company said in October it would drill another 8,300 metres to test undrilled areas between planned stopes to add tonnage. The supplementary program will include drilling around the periphery of the deposit to follow up on positive assay results and extend the resource to the west, where it remains open. Near-mine exploration drilling has returned intercepts such as 22 grams gold over 1.1 metres in hole 18-653, which was drilled 41 metres up-plunge from the nearest planned stope. Hole 18-649, a down-dip hole drilled into the host diorite to test the deposit at depth, returned 9.59 grams gold over 1 metre, indicating the deposit is still open to depth. Other holes testing two areas targeted for bulk sampling on the 38-metre level and the 76-metre

level returned positive results. On the 38-metre level, hole 18-636 cut 88.60 grams gold over 1 metre. In the 250-foot level hole 18-647 intersected 25.92 grams gold over 3 metres. The two levels are accessed by ramps from two open-pits. The Cronior gold deposit, which was discovered in 1940, is hosted by the synvolcanic Croinor Sill, which is 60 to 120 metres thick and hosted within volcanic rocks of the Assup Domain. The deposit is characterized by gold-rich lenses consisting of quartz-carbonate-tourmalinepyrite veins, altered pyritic hostrock material, and tectonic breccia (pyritic host fragments within a quartz-carbonate-tourmalinepyrite vein). Known showings at Croinor include Gold Bug, Cronior-Trench 2, Bug Lake, Pershon, Rocheleau-3, Rocheleau-5, T13, Kenda Pershing, Ansley, Onyx-Tavernier, Jolin and Brett-Tretheway. The Croinor property lies in the Haig, Pershing, Tavernier, Tiblemont and Vauquelin townships, 27 km east of the nearest town of Louvicourt, in the municipality of Senneterre. Its location in the eastern part of the Archean Abitibi greenstone belt in the southern Superior Province of the Canadian Shield makes it even more attractive, Lacoste says. Elsewhere in the Abitibi, Monarch is also exploring its McKenzie Break gold property, 35 km north of Val-d’Or and 20 km from the company’s fully permitted, 750-tonneper-day Beacon gold mill. The McKenzie Break property is also close to Monarch’s Camflo gold mill, which has a capacity of 1,600 tonnes per day. Camflo was processing mineralized material from Monarch’s Beaufor gold mine, 20 km northeast of Val-d’Or, until the mine was put on care and maintenance in August 2018. In March, Monarch released the second set of assays from its 2018 drill program at McKenzie Break, which explored the known lenses and the periphery of the multi-vein Green and Orange zones, which are within a 500-metre radius of each other. Highlights include 93.80 grams gold over 1 metre from 140 metres downhole in 18-216; 20.12 grams gold over 3 metres from 360 metres below surface in 18-205; 25.20 grams gold over 1 metre, 165 metres downhole in 18-213. Most of the campaign was to follow the Green and Orange zones deeper, and of the 61 holes drilled (14,000 metres) 17 holes reported visible gold.

A flooded portal at Monarch Gold’s McKenzie Break gold project.

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MONARCH GOLD

A drill rig at Monarch Gold’s McKenzie Break gold property, 35 km north of Val d’Or, Quebec.

“The good news is that we started hitting good grades at 300 and 350 metres below surface, which is very shallow, when you consider the upside potential of drilling at 400 and 500 metres’ depth,” Lacoste says. “We like the fact that it’s shallow from zero to 350 metres. A lot of the deposits in the Abitibi go down to 1.5 to 2 km deep, so we like the idea of the potential at depth.” Last June Monarch calculated a pit-constrained indicated resource of 48,133 oz. (939,860 tonnes grading 1.59 grams gold) and inferred resources of 14,897 oz. (304,677 tonnes averaging 1.52 grams gold). It also outlined an underground indicated resource of 53,448 oz. (281,739 tonnes at 5.90 grams gold) and an underground inferred resource of 49,130 oz. (270,103 tonnes at 5.66 grams gold). Lacoste notes that Monarch has made the discovery a bit bigger and has hit deep extensions to the current known zone. “We were able to extend the radius of the known resource by about 100 metres to the north, to the east and to the south, so this is basically an extension of the resource by 100 metres, and that is big news for us. We’re growing laterally, and we feel that nothing has been done at depth to this date, so we believe the known resource could very well be a lot bigger than we anticipated.” Monarch bought the McKenzie Break property from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in 2017. Agnico had acquired it several years earlier from Red Kite Financial, but hadn’t done much, if

any, work on the property, Lacoste says. “We had our eyes on that property for more than four years, because we looked at acquiring it from Red Kite at the time,” he says. “But Agnico came in and bought it because it was close to the open pit at Malartic. The reason we were so interested in it is because it’s only 20 to 30 km from our Beacon mill, where we could send most of the material.” The 3.3 sq. km McKenzie Break property consisting of nine mineral claims is accessible year-round via Route 397 and a gravel road, and is 9 km south of the rail link between Senneterre and Barraute. As part of its acquisition of McKenzie Break, Monarch picked up the Swanson gold property from Agnico. Swanson, 65 km from Monarch’s Beacon mill, consists of one mineral lease and 129 claims covering 51 square kilometres. It also has a 500-metre ramp down to a depth of 80 metres. “There’s a big pit at 2 gram material, and if the price of gold goes up significantly, this pit will become very valuable to us, because it could easily bring in 25,000 oz. gold a year for three or four years,”Lacoste says. “We had a National Instrument 43-101 resource completed in mid-2018 and we got a recommendation of work to be done on the property. So we believe we could go ahead on these recommendations in a more robust market.” If and when Monarch decides to advance Swanson, Lacoste says, the work would be in two phases. “We’d first do a 20,000-tonne bulk

MONARCH GOLD

sample, so we could do more metallurgical testing and understand the resource block model. Phase two would be a preliminary economic assessment. Swanson has a combined pitconstrained and underground resource of 1.75 million indicated tonnes grading 1.85 grams gold for 104,100 oz. gold, and inferred pit constrained and underground resources of 74,000 tonnes of 2.96 grams gold for 7,100 contained oz. gold. Monarch’s flagship asset, however, is its Wasamac project, a 7.6 sq. km property about 15 km west of Rouyn-Noranda, with measured and indicated resources of 2.6 million contained oz. gold (29.86 million tonnes grading 2.70 grams gold) and inferred resources of 293,900 oz. gold (4.16 million tonnes of 2.20 grams gold). A feasibility study completed in December 2018 outlines an 11year mine life producing 142,000 oz. gold annually. Cash costs are estimated at US$550 per oz. and all-in sustaining costs of US$630 per ounce. Initial capex is pegged at $464 million, including $230 million for a mill and tailings facility. Monarch is ready to start the permitting process at Wasamac. The deposit has strong exploration potential, Lacoste argues, as it has only been explored down to 800 metres. “Since most of the zones are wide — from 30 to 70 metres in thickness — and the material is disseminated in the intrusion, any discovery below by a few metres can mean big size ounce potential,” he says. “Because the Wasamac project is a bulk-mining system, contrary to the typical narrow vein mining with high grade in the Abitibi, with a width closer to 1 to 3 metres, any extensions we may encounter at 100 metres below the current structures could add 10% to 20 % to the current 2.6 million oz. — providing, of course, that the grade and width are similar.” Monarch has a few notable shareholders: Alamos Gold (TSX: AGI; NYSE: AGI), which owns 19%; other partners, 23%; Quebec Funds, 10%; Nemaska Lithium (TSX: NMX), 7%; Oxbridge Group (Greg Chamandy), 5%; Rob McEwen (Evanachan), 5%; and management, 2%. At press time, Monarch was trading at 25¢ per share within a 52-week trading range of 14.5¢ to 38.5¢. The junior has 239 million shares outstanding for a $60-million market capitalization. Monarch Gold changed its name from the demi-French “Monarques Gold” in January. TNM

2019-03-26 7:06 PM

GLOBAL GOLD

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 1–14, 2019

Corvus Gold chips away at North Bullfrog-Mother Lode NEVADA GOLD

| Pontius-led junior’s long-time shareholders include AngloGold Ashanti

BY TRISH SAYWELL

tsaywell@northernminer.com

efore he founded International Tower Hill Mines (TSX: ITH; NYSE-AM: THM) in the mid-2000s and discovered the Livengood deposit in Alaska — a development project that now has an estimated 19.7 million oz. gold — Jeffrey Pontius worked for seven years as the U.S. and North American exploration manager for AngloGold Ashanti (NYSE: AU). It was during his time at the South African miner that the geologist led the discovery and development team of its Cripple Creek deposit in Colorado 1991. AngloGold was an early investor in International Tower Hill, and so when Pontius decided in 2011 to leave the company he created and spin out some of its assets into a junior called Corvus Gold (TSX: KOR; US-OTC: CORVF), AngloGold Ashanti became one of the junior’s cornerstone investors. Since then the gold major has increased its stake in Corvus Gold to 19.9%. “It’s kind of a bet on the jockey,” jokes Pontius, Corvus Gold’s president and CEO. “I’d been driving their exploration programs for a long time before I went out on my own with International Tower Hill and Corvus, so they’ve been in basically from the beginning of Corvus, but they’ve moved up their share position substantially over the last year.” Corvus Gold’s North BullfrogMother Lode project is a multimillion-ounce gold property with five known deposits in the Bare Mountain mining district of Nevada’s Nye County. Mother Lode is north of the Bare Mountains and is connected to the southeast corner of the North Bullfrog property for a total land package of 37.5 square kilometres. Pontius was attracted to this part of Nevada — a two-hour drive north of Las Vegas, along U.S. Highway 95 — because compared to the rest of the state, he says, it was relatively untouched. The exception was Barrick Gold’s (TSX: ABX; NYSE: GOLD) past-producing Bullfrog mine, 10 km south of Corvus’ North Bullfrog property. This mine produced 3 million oz. gold before shutting down in 1999. “At the time we came into the district in 2008–2009 — first with International Tower Hill, and eventually Corvus — the district had not received any modern-day exploration,” Pontius recalls. “Usually Nevada is a place that is highly explored, lots of drilling, and it has gone through many, many periods of exploration since gold broke out of the US$300 per oz. range. But this area had not, and it was a great opportunity for Corvus to take advantage of an area that just had not seen diligent exploration for literally 25 years, and so that’s why Corvus has had a lot of success.” Its orphan-like quality was even more remarkable, he says, because there was a lot of mineralization in the district outcrops. By 2013, Pontius and his team had found three open-pittable deposits on its North Bullfrog property, which extend up to 200 metres. Those discoveries were followed last year by the North deposit, a mineralization area 100 metres from the Mother Lode deposit on its Mother Lode property, 12 km southeast of North Bullfrog. The Mother Lode deposit fed a historic open-pit mine that produced

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Drills on Corvus Gold’s Mother Lode project in Nevada’s Nye County.

CORVUS GOLD

“MOTHER LODE WILL BE THE LARGEST AMOUNT OF TONNES FOR MILLING, BUT THE MILL WILL PROCESS MINERALIZED VEIN MATERIAL FROM NORTH BULLFROG AND SEDIMENT-HOSTED MATERIAL FROM MOTHER LODE.” JEFFREY PONTIUS FOUNDER, PRESIDENT AND CEO, CORVUS GOLD

35,000 oz. gold at an average grade of 1.8 grams gold, before it was shut down in 1989. The property ended up in the hands of Glamis Gold before it was acquired by Goldcorp (TSX: G; NYSE: GG). Corvus picked up Mother Lode from Goldcorp in 2017, but Pontius says he had had his eye on the property long before that. “Corvus had looked at Mother Lode for five or six years, but couldn’t do anything until the final sign-off on the reclamation was done, and then once that happened, we approached Goldcorp,” he says. North Bullfrog has two styles of precious metal epithermal mineralization — high-grade, structurally controlled fissure veins and associated stockwork zones, and low-grade, disseminated or replacement deposits within altered volcanic rocks. By contrast, 60% of the mineralization at Mother Lode is contained in sulphide minerals (predominantly pyrite), and requires preparation of a sulphide concentrate, followed by oxidation that will produce a filter cake from which the gold can be leached. In November, Corvus completed a preliminary economic assessment (PEA) that looked at combining North Bullfrog and Mother Lode into one larger project. “Mother Lode provides us some very good grades to support a large milling operation that will allow us to take advantage of the vein system we have at North Bullfrog, and that material will be trucked down to Mother Lode,” Pontius says. “Mother Lode will be the largest amount of tonnes for milling, but the mill will process mineralized vein material from North Bullfrog and sediment-hosted material from Mother Lode.” The PEA estimated a nine-year mine life producing 350,000 oz. gold annually during the first four years and 230,000 oz. gold a year for the last five years. The study estimated total capital investment of US$505 million and payback in 2.2 years of start-up, with a mill at Mother Lode

and heap-leach operations at both North Bullfrog and Mother Lode. For the mill, the combined project has a measured resource of 9.3 million tonnes at an average grade of 1.59 grams gold per tonne for 475,000 contained oz. gold, and an indicated resource of 18.2 million tonnes grading 1.68 grams gold for 988,000 oz. gold. Inferred resources add 2.3 million tonnes of 1.61 grams gold for 118,000 contained oz. gold. For the oxide, run-of-mine, heapleach component of the project, the combined deposits have a measured resource of 34.6 million tonnes grading 0.27 gram gold for 305,000 contained oz. gold, and an indicated resource of 149.9 million tonnes at a grade of 0.24 gram gold for 1.15 million contained oz. gold. Inferred resources add 78.7 million tonnes grading 0.26 gram gold for 549,000 contained oz. gold. Pontius says the recently discovered North deposit is a continuation of the Mother Lode stratabound orebody. “It looked like the main zone at the Mother Lode resource was thinning and our expectation was that we were getting to the edge of it maybe, but as we did more step-out drilling we got into much thicker zones of mineralization and better grade, so it looks like we’ve run into another pod, or deposit, to the north, that is like our Mother Lode to the south — but it’s actually even bigger and thicker. Right now our strategy is to just continue to do step-out drilling and evaluate as it goes to the north. Think about it like beads on a string.” The company has only drilled half a dozen holes into the North deposit and plans to continue to drill it this year. It will test six new targets at North Bullfrog, including the prospective Jasperoid target, which early work suggests could be another sediment-hosted system like Mother Lode. Mother Lode is the higher-grade deposit of all five of the deposits on the combined project, and success finding more ounces at the North

deposit will be critical to expand the resources to sustain the mill. “We want to add more mill material into the production profile so that we can keep the mill grades up and we can increase the actual overall production base for these ounces, as we go further out into the mine life,” he says. “To be honest, most of my history has been with bigger companies, and we’re trying to build a project that is going to be a mine of merit — or a marquee project — for any scale of company, and so 300,000 oz. gold a year is a pretty damn good mine, if you can extend that for about eight years in any scenario, whether you be Barrick, Newmont or AngloGold — so it’s important for us to demonstrate the scale of the project that would fit in the production profile of any mine these guys would want to have.” C or v u s i s ju st f i n i sh i ng a 15,000-metre drill program it started last year. Once that is completed, it will drill 10,000 metres at North Bullfrog to test new targets, and a further 10,000 metres at Mother Lode. Recent assays from two holes drilled along the eastern boundary of the Mother Lode deposit and a third hole drilled at the northernmost end of the deposit returned results including 126 metres of 1.85 grams gold, including 18 metres of 4.2 grams gold and 10.7 metres of 6.3 grams gold, starting from 410 metres downhole. Mother Lode represents a new type of sediment-hosted deposit in the Walker Lane mineral belt and the Southwestern Nevada Volcanic Field, Pontius says. “For a geologist, it’s a very cool project to work.” It is unique in the fact that the upper part of the deposit is hosted in young volcanoclastic rocks that have a lot of carbonated material in them, which created open spaces when mineralizing fluids came in, and those sit on top of the older Paleozoic rocks that would normally be host rocks you’d see in northern Nevada, he says. Those rocks are mineralized as well, he says. The contact between the young volcanics and the underlying old carbonate rocks is an unconformity, and fluids passing along that unconformity created a jasperoid breccia that channelled surface waters over the past 10 million years, and basically oxidized all the material down below that unconformity. The upper part of the young volcanoclastic rock is a tight, impermeable clay layer preserving

sulphide mineralization above the unconformity, so the bottom of the deposit is all oxide, and the upper part is sulphide. He calls it “upsidedown” compared to a more typical orebody with oxides on top. “It’s a little odd, but it has great continuity, it’s hosted in sedimentary rocks, it’s tabular, and it has the grade profile we would see out of a normal sediment-hosted deposit in northern Nevada,” he says. “The big difference between Mother Lode and the true ‘Carlin-type’ system is that at Mother Lode, the mineralization is near surface and lower temperature, so epithermal, and 12.5 million years in age, versus 40 million years up north. In addition, the gold habit and sulphide mineralogy is different with Mother Lode, with the sulphides being pyrite and with the gold occurring as native gold and electrum on the margins of the sulphide grains, versus gold in arsenian pyrite rims at Carlin.” Pontius acknowledges that the district is complicated from the standpoint of its volcanic stratigraphy and structural setting, and says that given Corvus’ history in the area, he often gets together with groups at Coeur Mining (NYSE: CDE) and AngloGold Ashanti that are exploring nearby to talk about what’s going on geologically in the region. The geologist says Coeur Mining’s SNA deposit 1.5 km south is likely an extension of the Mother Lode system, because he has access to quite a bit of drill data from the area when Corvus acquired Mother Lode. “Geologically, you can connect them together — SNA is basically the lower-grade, carbonated-hosted part of the Mother Lode deposit.” Pontius notes that Coeur Mining bought Northern Empire, which had drilled holes right on the property line south. “It’s probably going to be one large open pit that will include both projects, and have a strike length of probably 2 to 3 km, at least,” he predicts. “It’s going to be a big deposit — it’s not the likes of a Goldstrike or Gold Quarry, but it would be a good-sized deposit.” Meanwhile, 5 km north of North Bullfrog is Renaissance Gold’s (TSXV: REN; US-OTC: RNSGF) Silicon project, in which AngloGold Ashanti is earning an ownership position. “They haven’t released any data on Silicon, but Anglo’s CEO talked about it at the recent BMO conference in Florida, and said they have some synergies with their shareholding in Corvus,” Pontius says. “We have one of the largest resources and land packages in the area and are the most active exploration group in the district right now, but AngloGold is doing lots of work to the north of us, and have a vested interest in the district, as well.” In addition to AngloGold Ashanti, Corvus shareholders include Toqueville Asset Management (17.6%) and Van Eck Global (9.6%). “Our second-largest shareholder is Tocqueville, John Hathaway’s group out of New York, and Joe Foster with the Van Eck Group, and those guys have been hanging in there with me for a while now, so it’s kind of like having a great family.” Corvus management and employees own 7.2%. At press time, Corvus was trading at $2.33 per share in a one-year range of $1.92 to $3.39. The company has 110 million shares outstanding for a $258-million market capitalization. TNM

2019-03-26 7:06 PM

APRIL 1–14, 2019 / THE NORTHERN MINER

GLOBAL GOLD

WWW.NORTHERNMINER.COM

Sandspring rethinks Toroparu in Guyana EXPLORATION

| Aims to table preliminary study in two months

BY RICHARD QUARISA

rquarisa@northernminer.com

andspring Resources (TSXV: SSP; US-OTC: SSPXF) is putting the finishing touches on a preliminary economic assessment (PEA) for its Toroparu gold project in Guyana that rescopes the project’s prefeasibility study (PFS), and includes a third gold pit. It aims to table the study in a couple of months. “All we’re really doing is building this same concept, the same conceptual operating plan that we had in 2013–2014 — we’re just building it in two separate phases,” Sandspring CEO Rich Munson says in an interview with The Northern Miner. Sandspring tabled its PFS in 2013, outlining a US$691-million, aftertax net present value (NPV) at a 5% discount rate, and a 23.1% aftertax internal rate of return (IRR) at US$1,400 per oz. gold, but with a US$464-million, pre-production initial capital expenditures (capex). The company went public in 2009 after working in Guyana since the late 1990s as ETK. In the 80s and 90s, it was the largest uranium producer in the United States. It built a 260 km road from a deepwater port to the project and drilled out a resource before realizing it needed to take the company public to keep advancing the project. After its PFS, the company signed a precious metals streaming agreement with Wheaton Precious Metals (TSX: WPM; NYSE: WPM). Wheaton bought 10% of the project’s life-of-mine gold production at US$400 per oz. gold and half of its silver production at US$3.90 per oz. silver for a US$15.5-million early deposit that Sandspring has already received, and US$138 million in project installments. The deal finances 30% of the project, although Munson says the two

companies will have to “readjust the parameters of the amount of money they’ll be bringing,” because Wheaton’s contribution was based on a larger capex. That said, he thinks “they’ll bring a pro-rata amount that’s about the same.” Development at Toroparu stalled during the market downturn. In 2015 the company survived by Munson drawing down on his home equity line of credit to advance money to Sandspring. That same year, Frank Giustra came in and took a 9.3% position in the company. With his help, the company raised enough money to drill some satellite targets. “We’ve always been struggling to find a way to start this up at something less than 23,000 tonnes per day,” Munson says. “How can we get started with something small, but yet doesn’t destroy the upside of the deposit?” Part of the problem was a copper component at the main Toroparu deposit. “It’s not a lot. There’s about half a billion lb. copper,” Munson says. “But it’s right in the core of the deposit, so it’s very hard to start up without flotation and leach at the same time. Now with the satellite deposits, we can start up gold only at about half that rate — 11,500 tonnes per day.” The main satellite deposit is called Sona Hill. It contains 11.7 million measured and indicated tonnes grading 1.04 grams gold per tonne for 394,000 oz. gold and 11.6 million inferred tonnes at 0.95 gram gold for 356,000 oz. gold. The project’s resource is split between three proposed open pits — Toroparu, SE Zone and Sona Hill — with most of the tonnage and contained gold at the main Toroparu pit. In total, the project has 252.5

million measured and indicated tonnes grading 0.91 gram gold for 7.35 million oz. gold, and 128.9 million inferred tonnes at 0.76 gram gold for 3.15 million oz. gold. It also has 240.7 million measured and indicated tonnes at 0.81 gram silver and 0.08% copper for 6.28 million oz. silver and 444 million lb. copper, as well as 117.3 million inferred tonnes at 0.07 gram silver and 0.04% copper for 276,000 oz. silver and 104 million lb. copper. Sona Hill contains no copper or silver. Sandspring plans to mine Sona Hill along with the Toroparu main pit and SE Zone simultaneously, opening up some of the highergrade, gold-only zones around the main pit before starting an expansion phase in year five. “The model shows that we will self-finance the expansion as well as self-finance construction of our run-of-river hydro project,” Munson says, “which is near us, and we’ve been working on it for quite a while.” The run-of-river hydro project would net Sandspring US$500 million in power savings over the mine life. It signed a memorandum of understanding with the Guyanese government in 2013 that gives the company the exclusive right to develop the project. The Kurupung river project would be located 50 km southwest of Toroparu and cost $120 million to $130 million to build. It would lower the company’s cash cost from US$700 per oz. gold in the PFS to US$565 per oz. gold. Combined with the Wheaton investment, it would lower Sandspring’s all-in sustaining costs from US$922 per oz. gold to less than US$800 per oz. gold. “That run-of-river of course would replace diesel, which we would otherwise be burning for the entire life of the project,” Munson says.

A truck at Sandspring Resources’ Toroparu gold project on Guyana.

“It brings a really interesting green dimension. “Even if we bring it on in year eight of this extended mine life, it still would save us about US$400 million of operating expenses, and almost eliminate our carbon foot print from the middle of the rainforest.” The company would still rely on diesel as back-up power. “The name Guyana in one of the Amerindian languages means land of many waters,” Munson says. “There isn’t one hydro project in this country. This would be the first commercial one.” Last year, Gran Colombia Gold (TSX: GCM) bought 14.78% of Sandspring, with warrants that could increase its ownership to 20.83%. It holds 18% of the company. As part of its deal, it also picked up Gran Colombia’s Chicharron silver project in Colombia. The company looks to put Chicharron into production soon. The project is located 4.4 km east of Gran Colombia’s Maria Dama processing facility. Gran Colombia confirmed high-grade silver mineralization at the project’s Guia Antigua mine in its 2017–2018 exploration program. “It’d be small — 50 to 100 tonnes a day — but for a little company like us, it pays the bills,” Munson says. “If we don’t need that cash to pay the light bill, then we could drill with it.” Guias Gold operated the mine

SANDSPRING RESOURCES

from 2014–2016 reporting average grades of 466 grams silver and 7.44 grams gold. It produced 78,500 oz. silver and 1,170 oz. gold from 6,000 tonnes grading 404.9 grams silver and 6.05 grams gold. The company mined 12 tonnes per day using non-mechanized methods. It primarily mined a 1to 3-metre-wide quartz vein, with minor carbonate. Sandspring acquired the project in 2018 for 36 million shares and US$1 million in cash. It recently finished an eight-hole drill program at Chicharron to determine where the vein is offset, and which direction it’s going. “We can go to work right away because we’re included in Gran Columbia’s environmental permits,” Munson says. “Our goal is to put a contract miner in there starting the second quarter of this year, and go to work.” Sandspring shares are trading at 24¢ in a 52-week range of 17¢ to 35¢. The company has a $49-million market capitalization. “In what I call the days of wine and roses back in late 2013, we had a $400-million market cap, and we were trading at $4 a share,” Munson says. “Today we’re 25¢, and I still own the same shares I got in 2009. “We’re just going to progress. We’ll go to a PEA, and then because of all the work we’ve done, we’ll go to final feasibility. There’s no need to go back to another PFS.” TNM

GLOBAL GOLD SNAPSHOT Agua Rica and the Alumbrera mine “has significant merit, given the proximity of the assets, and the potential to realize significant synergies by taking full advantage of existing infrastructure associated with the Alumbrera mine.”

SNAPSHOT From 11 STRATABOUND MINERALS Stratabound Minerals (TSXV: SB) shifted gears in late 2017 by putting its long-held New Brunswick base metal properties on the backburner and entering the new Yukon gold rush, as well as relocating its head office from Toronto to Calgary, and hiring R. Kim Taylor as president and CEO. Stratabound’s new focus is its Golden Culvert gold project in the Upper Hyland Valley in southeastern Yukon, 20 km northwest of Golden Predator Mining’s 3 Aces high-grade gold project. In its initial exploration program at Golden Culvert in 2018 — which included the first-ever drilling at the property — Stratabound reported “multiple gold-bearing quartz vein and phyllite host rock corridor” intercepted over 400 metres of strike to 200 metres vertical dip in trenching and drilling grading up to 2.53 grams gold per tonne over 33 metres, including 60.1 grams gold over 1 metre. For 2019, the company’s objective is to confirm gold grade continuity and “target potential sufficient for preparation of a maiden inferred

1-16_APR1_Main .indd 14

A drill site at Stratabound Minerals’ Golden Culvert gold property in the Yukon. resource estimate by early 2020.” The company plans to carry out 2,000 metres of diamond drilling this year to extend the area of drilling from 450 metres to at least 1 km of the 24 km strike length at Golden Culvert, comprised of 800 metres of extension drilling and 1,200 metres of infill drilling, including drilling of new targets within a

STRATABOUND MINERALS

previously defined open-ended 3 km long gold-arsenic soil anomaly. YAMANA GOLD This year, Toronto-based Yamana Gold (TSX: YRI; NYSE: AUY) expects to mine 940,000 oz. gold, 10 million oz. silver and 120 million lb. copper, or 1.06 million oz. gold equivalent.

Its latest news came on March 7, with the announcement that Yamana, Glencore (LON: GLEN) and Goldcorp (TSX: G; NYSE: GG)signed an “integration agreement,” whereby Yamana’s Agua Rica project in Argentina would be developed and operated using the infrastructure and facilities of Minera Alumbrera in Catamarca province. The trio says the integration of

Agua Rica hosts a large-scale, long-life copper mineral resource with associated gold, silver and molybdenum. Yamana’s preliminary studies show the potential for a mine life in excess of 25 years at average annual production of 236,000 tonnes (520 million lb.) of copper-equivalent metal, including the contributions of gold, molybdenum, and silver for the first 10 years of operation. This is based on Agua Rica’s proven and probable mineral reserves of 4.5 million tonnes (10 billion lb.) copper and 6.5 million contained oz. gold in 910 million tonnes of ore. Going forward, the ownership in the integrated assets will be divided between Yamana at 56.3%; Glencore, 25%; and Goldcorp, 18.8%. Yamana will contribute its 100% interest in the Agua Rica project and its 12.5% interest in Alumbrera, while Glencore and Goldcorp will contribute their 50% and 37.5% interests in Alumbrera. TNM

2019-03-26 7:06 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 1–14, 2019

Toachi advances La Plata project in Ecuador GOLD-COPPER BY RICHARD QUARISA

rquarisa@northernminer.com

oachi Mining (TSXV: TIM) is trenching its Guatuza gold-copper target at its La Plata volcanogenic massive sulphide (VMS) project in Ecuador. It plans to drill Guatuza in the second half of the year, beginning with 5,000 metres exploring exposed VMS slabs to determine how far they extend underground. Before that though, the company will finish a preliminary economic assessment (PEA) on La Plata it aims to release by the end of April 2019. It has completed metallurgical studies showing the project’s La Mina North and South deposits could produce copper-lead and zinc concentrates, with most of the gold going into the copper-lead concentrate. “All this is the baseline for the PEA, because if your metallurgy doesn’t work, the rest of the PEA is kind of hard to justify,” Toachi president and CEO Alain Bureau says in an interview with The Northern Miner. “You want to set the story straight with the communities and with the government, and the PEA does that.”

| Junior aims to drill 5,000 metres in second-half 2019

Drilling by Toachi in 2017 led to a resource estimate the company tabled in September of that year. La Plata contains 1.9 million inferred tonnes grading 4.1 grams gold per tonne, 49.4 grams silver per tonne, 3.3% copper, 0.6% lead and 4.5% zinc, or 13.13 grams gold equivalent, for 245,000 oz. gold, 2.97 million oz. silver, 61,000 tonnes copper, 12,000 tonnes lead and 85,000 tonnes zinc, or 794,000 equivalent oz. gold. La Plata’s resource is divided into two bodies: La Mina North and La Mina South, which are really one large deposit that has been split in two. La Mina South dropped 200 metres while La Mina North got lifted and tilted, so as to be almost vertical. As a result, mineralization at La Mina North extends from surface to 200 metres below surface, while mineralization La Mina South extends from 200 metres below surface to 400 metres below surface. Both zones remain open at depth. “You actually have in the North block about 1 million tonnes, and in the South block about another 1 million tonnes of the high-grade material,” Bureau says. Based on the way La Mina South is cut, the company thinks a third

lens may lie south, 600 metres below the surface. “Because it gets a little bit deep, we’ve decided to take the easy path and follow it to the north, where it is closer to surface,” Bureau says. The company has more than 9 km of favourable geology along strike from La Plata, including the Guatuza gold-copper target, 150 metres north of La Mina North. Recent trenching highlights from Guatuza include 3 metres grading 5.4 grams gold, 71.2 grams silver, 2.1% copper, 3.2% lead and 10.9% zinc, as well as 6 metres at 2 grams gold, 32.5 grams silver, 2.3% copper, 0.8% lead and 2.6% zinc. La Mina North was briefly mined from a small open pit, as well as underground workings from 1975 to 1981. Miners ran a small, 8-tonneper-day open pit before eventually going underground, but only excavated 130,000 tonnes of material. It was then drilled between 1996 and 1998 by Cambior and from 2006–2007 by Cornerstone Capital Resources. The two companies completed 8,600 and 5,900 metres and two resource estimates. “Because this project has been mined back in the 70s, it’s a com-

munity that has already been exposed to mining,” Bureau says. “They understand the job that comes with it, but they understand also how a project is going to look. “We also have the advantage of not having any indigenous community around the project. We don’t have to displace people, we don’t have to move big villages — we’re really in the zone where it’s mostly agriculture and cattle.” Toachi is earning a 60% interest in the project from a private Ecuadorean company. The company has spent US$4 million on exploration and made staged payments totalling US$1 million. It will complete another US$1-million payment shortly. “We’re about to make the 60%,” Bureau says. “We haven’t done it yet, but it’s a question of days and weeks.” To increase its ownership at La Plata to 65%, the company will table a feasibility study for the project. It can increase its ownership to 75% by raising the financing to build the project. If the project costs less than US$60 million, Toachi earns another 5% interest. If it raises more than US$60 million, it earns an extra 10% interest.

“Thirty-three percent of the raw value comes from copper and 36% from gold,” Bureau explains. “What sets us apart, really, is the grade of the project, and also that we have an excellent location, as we’re the closest project to Quito.” La Plata sits 100 km southwest of Quito, Ecuador’s capital — 85 km of which includes a paved road. Power lines run across the concession, with a hydroelectric power plant 5 km away. “In terms of location, it’s a prime place to be,” Bureau says. “In recent years the government has rebuilt all the major highways across the country, and there’s actually a highway that goes right beside our concession, so there’s only 15 km of gravel road.” Shares of Toachi Mining are trading at 9¢ in a 52-week range of 6¢ to 20¢. The company has an $8-million market capitalization. “Ecuador has been recognized in the few past years as the new place to be if you’re looking for copper, and if you’re looking for gold,” Bureau says. “The government is behind the mining industry — they’re really pushing hard to try to attract more investment.” TNM

Troilus drills ‘land that time forgot’ in central Quebec TROILUS From 1

that time forgot,” due to the lack of exploration on the project, which sits near Chibougamau in central Quebec. “Everyone has been focused on the Abitibi, and no one has ever moved north to the Frotet-Evans greenstone belt,” he says. “There is an abundance of opportunity, and we are exploring in an area that has not seen any exploration in 30 years.” About 80% of the 40,000-metre drill program this year will concentrate in areas around the mine, and 20% will be on regional exploration. On top of that, there will be bootsand-hammer exploration, prospecting, mapping, ground geophysics and scout drilling, with the entire work program costing between $8 million and $10 million. “The structural model we developed last year can now be applied to the entire belt, and that’s going to be our regional focus this year,” Reid says. “So we’re drilling at the actual mine, but are launching a very large exploration program across the entire property.” A new structural model should help guide exploration, he says. “Historically, many thought of Troilus as an Archean porphyry … but there really is no such thing as an Archean porphyry,” Reid says. “It’s an incredibly thick and continuous low-grade bulk orebody, with mineralized zones running between 45 and 50 metres wide, and continuous down-plunge, so there was never a lot of work or emphasis placed on the structural controls to the mineralization. It was always thought that if you explore for and drill the diorites, you’ll hit mineralization. “But what we found through regional mapping, re-mapping the pit wall and re-drilling some of the main zones, and focusing on structural controls, is that this deposit isn’t just a massive intrusive. It’s a series of isoclinally folded limbs, and Z87, J4 and J5 are not separate

1-16_APR1_Main .indd 15

A drill rig at Troilus Gold’s namesake gold project near Chibougamau, Quebec.

TROILUS GOLD

“EVERYONE HAS BEEN FOCUSED ON THE ABITIBI, AND NO ONE HAS EVER MOVED NORTH TO THE FROTET-EVANS GREENSTONE BELT.” JUSTIN REID PRESIDENT AND CEO, TROILUS GOLD

orebodies. We believe Troilus is just one orebody that has been folded on itself, and, by taking a structural approach, you no longer have to look solely for the Troilus diorites. You can now start exploring other lithologies and focus on a structurally controlled mineralization, which opens the entire belt.” Once Troi lus completes its

40,000-metre drill program, it will remodel the pits and move towards a preliminary economic assessment, but Reid says the company isn’t in a rush. “We’re still new to the project. We’ve had great success and we want to complete really good work, and so we’ll take our time,” he says. “We’re well-funded and have great,

supportive shareholders, and I think it’s going to grow into something really, really special in Quebec.” In addition to the exploration upside and the fact that the project sits within the Plan Nord region of the province, the company inherited $200-million worth of infrastructure from previous owners, including a 50-megawatt substation, a 65 km dedicated power line, fully permitted tailings facility and many roads. The company recently completed building a 50-person camp. “To have a large resource like we do, and with the infrastructure we have in Plan Nord, we think we’ve got a good future ahead of us.” Quebec announced Plan Nord — its 25-year, $80-billion develop-

ment project focused on provincial territory north of the 49th parallel — in May 2011. In February the company reported that over the previous three months management and the board had acquired 2.7 million more shares in the company, bringing their total stake to 7.5%. Troilus Gold’s largest shareholder is Caisse de dépôt et placement du Québec. Others include Emgold Mining, RBC, Don Smith Gold Funds, U.S. Global Investments, AGF Mutual Funds and Sulliden Mining Capital (TSX: SMC). The junior has 52.5 million common shares outstanding for a $48.8-million market capitalization. Over the last year, its shares have traded in a range of 40¢ to $1.88. TNM

2019-03-26 7:06 PM

WWW.NORTHERNMINER.COM

APRIL 1–14, 2019 / THE NORTHERN MINER

Trudeau speaks on Canadian mining innovation, Aboriginal engagement TRUDEAU From 8

we formed with communities and companies. Most have been done in the last 10 years. I’d like to get your thoughts on the way that the mining industry engages with Aboriginal people in Indigenous communities. PMJT: First of all, we’ve seen over the past few years that Canadians care deeply, non-Indigenous Canadians care deeply about reconciliation. We can’t be the country we like to pretend we are on the world stage — standing up for human rights, standing up for equality and opportunity and partnership, and all the good things — if we don’t transform for the better the relationship that has been broken for far too many generations, and indeed centuries, with Indigenous Peoples, with the First Peoples on our land. So, in the 2015 election, Canadians asked our government very clearly to move forward in partnership and in reconciliation with Indigenous Peoples. And the government hadn’t done a very good job over the past years of creating those partnerships. But you know who had in many cases? The mining industry. You all have been at the forefront of partnerships, of cooperation, of working together with Indigenous Peoples. Just by dint of being so present in remote areas of Canada ... that has led to 16,000 Indigenous Peoples working in your industry, which is among the top employers of Indigenous Canadians across the country. You’ve also developed and worked with them. So, it’s not just direct jobs, it’s supply chain jobs, it’s services that your mines require that are being delivered by Indigenousowned and operated companies and businesses in the area. Increasingly, we’re moving towards — and you’re leading the way — on thinking about partnerships that go deeper than not just service agreements, but equity partnerships, partnerships on resource, development and sharing the kinds of things that is recognizing Indigenous Peoples as the original caretakers and stewards of this land. Those kinds of reflections. There’s still more work to be done on that, and, of course, the government will have an important role in making sure that we remain competitive, that we remain positive, but that people who have been stewards of this land for a long time will be able to fully benefit in the economic output of that land. These are the kinds of things that you will have already and consistently led on, and we want to continue to work with you on them. GM: Thank you, Prime Minister. I think the mining industry is pretty well disposed for this conversation in another respect, as well. Most mining companies are based in major urban centres in Canada: Toronto, Montreal, Vancouver, etc. But the mines, the operations, are very much located in regions, remote areas, which are connected

to Aboriginal communities, for the most part. That’s true in the territories, it’s true in the provinces. I’ve been fortunate to spend a lot of my own experience in Nunavik, Que., in the very Far North, 1,728 km north of Montreal. And the Inuit in that particular part of Quebec are brilliant partners, collaborative partners, and very progressive to work with. Where do you see room for improvement across the spectrum of minerals industry development in Canada’s North, in particular? PMJT: Better is always possible. And as you engage in thoughtful ways and look to create deeper and deeper partnerships that go beyond just, say, employer-employee relationship to be more partners in the development, as you have more and more Indigenous leaders and professionals engaging in this industry, I think that’s a logical step. One of the pieces of it, though, part of recognizing what this industry knows well, is that the way to get projects built now, whether it’s a mine or any sort of resource project, is to do it thoughtfully in partnership with the local communities and local voices. That’s increasingly true everywhere around the world. There still are some places that try to ram things through and barrel through, but they’re getting more and more resistance on the ground, and they’re getting more and more questions from consumers as to what went into this product that I’m buying, and how is it good for the planet or bad for the planet on multiple, different levels. That’s something that we’ve recognized as a government, that the only way to get big things built is to do it in respect of science and in partnership with communities — particularly Indigenous communities. That’s something that we are moving forward with as a key part of our new regulatory frame on Bill C-69. Quite frankly, the number of thoughtful submissions and amendments to that to improve it [came] from this industry. The measured support for what we’re trying to do is really appreciated, because we know that government can’t just decree that something will be built there anymore in the absence of partnerships consultations, and rigorous processes. And that’s exactly what you’ve understood. So, we’re moving forward with C-69 in a way that, first of all, takes care of the doubling impact. You no longer will have to go through separate processes that overlap at the provincial and the federal level. There will be one project, one assessment for one project, which is something I know the industry has asked for a long time. One of the other things in Bill C-69 is that we’re moving forward on something that is already best practices in many parts of your industry, which is doing early assessments, early engagement, that will look at the viability or the challenges around a project before you’ve sunk too much time and energy

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1-16_APR1_Main .indd 16

Canadian Prime Minister Justin Trudeau (left) and PDAC president Glenn Mullan at the Metro Toronto Convention Centre in March. PDAC

into it — early consultations and working with communities to be able to highlight and flag some of the challenges you are liable to run into later in the development process, but also give you clarity and investors clarity from early on. And finally, the fact that it’s now a one-stop shop at the Canadian Environmental Assessment Agency — that you don’t have to run around answering random questions from eight different departments across government is going to be a significant improvement. But there are a lot of things that we’re doing to give you, as investors and as operators, the kind of certainty and clarity that you need when you’re moving forward, and that’s a big piece of the future of this industry, as well. GM: Thank you, Prime Minister. I think many of our members recognize that we’re being heard by your government in a way that we perhaps weren’t used to. Bill C-69 is certainly a good manifestation of that, and the METC, as well. I do want to go back for a moment to reconciliation, because I think that’s an area that most of our members, most Canadians — most of the earth scientists and geologists that work within our industry — are all too familiar. There is an economic disconnect in northern Canada, in particular, between Aboriginal communities and southern Canada. The mining industry has been working very hard to try to build bridges where there weren’t any before. That’s also true in parts of Canada where there’s very little infrastructure. Mining companies bring infrastructure. And reconciliation, like diversity, can mean many different things, but reconciliation means much more to the mining industry than saying, “I’m sorry.” It’s about building partnerships, building capacity, building improved infrastructure, healthcare, and housing in most of those northern communities. What does your government see as its role with our industry and in enhancing reconciliation? PMJT: We recognize that infrastructure investments in remote parts of the country in the north are essential for those communities to thrive. And there’s a lot of discussion of northern sovereignty over the recent years, with climate change making Canada’s North and the Arctic more accessible to shipping and exploration. Sovereignty in the North and in remote areas has always passed, not through who plants a flag or who has stationed scientists, or even military — it happens of the people who have lived there for millennia. And supporting those communities with good schools, good roads, good jobs, good opportunities is key to actually being the country that we

want to be, where everyone has a real and fair chance to succeed regardless of where you are. A big part of creating that sense of success and resilience within a community comes through jobs. And you can’t have a government determined that this community is going to thrive and take care of just pumping in money. You need economic activity around that, and the natural resource sector is a natural place where we actually draw the value from the minerals from the land that is there. But if we’re going to do it, we have to recognize that for far too many generations, it was done without the consent, without the participation, without any benefits flowing to the people who had known this land and lived on this land from time immemorial. What we look at now is recognizing that people want to be successful, they want to have agency over their communities and their success. And that happens in positive partnership with smart investors who are being responsible. Now, there are always bonds of trust that need to be built and there have been examples of broken trust in the past that [we] are going to need to get beyond. But the more the industry itself engages in a thoughtful, positive way with Indigenous Peoples and communities as partners who want the same thing, want to draw value from the land and have positive benefit on communities and on the world, then you will find that there are strong alliances and strong stability in the future. And I know that, because I’ve seen it many, many times — many examples of big companies and junior companies that are doing the right kinds of things that are win-win-wins across the board. GM: Thank you, Prime Minister. I don’t think we can really talk about northern Canada and the remote regions without also talking about the environment and sustainability at the same time. And certainly with the PDAC, respect for land, access to land, responsible exploration are very dominant themes. I’d like to get your thoughts on ways that the minerals industry can continue to work with your government to address and enhance sustainability in a low carbon future environment. PMJT: A big piece of it is the innovation you’ve always invested in. As you’re looking for ways to lower your costs, inevitably, you’re also looking to waste less, to pollute less. We know that is a big driver of costs in many situations, particularly in remote areas. And our customers, clients and partners around the world are expecting, particularly from Canada, high levels of rigour in terms of what you are doing is not negatively impacting on future generations … So, the kinds of research and

innovation you’re doing — a great example is the aluminum industry coming together to do Elysis, where Rio Tinto and the big companies came together to actually develop a new process that doesn’t emit any greenhouse gases, that is zero carbon in terms of creating high-quality aluminum. Those are the kinds of innovations that people can be confident in, because we know more and more high-tech companies are looking to be able to say that not only are they manufacturing [and using] green power, but the products themselves are low carbon in the emissions in the manufacturing. So, zero-carbon aluminum, for example, is going to be more and more of a value added to the products that people buy around the world. As we look at ways of enhancing consumer choices in ways that protect our environment, that recognize the longer-term impacts of what we’re doing, we actually create better value and are including the kinds of consequences and extra analogies that future generations otherwise might have been paying for. People are looking for responsibility, and I think the mining industry, like many industries, has been really, really thoughtful about saying, “OK. Yes. We need to mine, we need to develop our minerals, we need more copper and rare earth minerals for the electronics we have today.” But you can’t put a mine anywhere, and when you’re putting a mine in a delicate watershed or a particular protected area, you might have to do more to protect it. There is a bigger context that you have to be thoughtful about. And I think what citizens expect, what Canadians know, is that you can’t separate what’s good for the environment and what’s good for the economy. You have to do them both together now, we have to create the jobs, the economic growth, the opportunities for future generations. At the same time as you are not damaging the future of those next generations in terms of the air they breathe and the water they drink. That’s what all Canadians expect, that’s what increasingly people around the world expect. The more we can think about and innovate in ways that are reaching that, the better off, the more competitive you will be as an industry. That’s one of the reasons why as a country we’ve made decisions that are making things clearer for you in terms of long-term decisions we make. We’re putting a price on pollution, for example. Where it’s no longer free to pollute, you will be incentivized as I know you will be to invest in cleaner technologies and to make longer-term investments knowing that if you don’t, your prices are going to rise in a way that is undesirable. That’s how putting a price on pollution actually helps your industry in the long-term, because we know that the world is going that way, and the more we can do to create a context in Canada in which we’re not just participating in that, but we’re actually leading the way in developing these solutions around the world, then we know that we’re on the right track. GM: Thank you, Prime Minister. And lithium, cobalt and nickel all come from the products of our industry. I can tell that I’m already getting signals from different sources, so I’d like to thank you for your attendance at our PDAC 2019 convention, Prime Minister. And I look forward to continuing our collaborative discussions. PMJT: Thank you very much, Glenn. Thank you all for the great work you all do. TNM

2019-03-26 7:07 PM

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APRIL 1–14, 2019 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / MARCH 18–22 Canada’s benchmark index fell 0.31% to 16,089.22. The S&P/TSX Global Mining Index rose 1.4% to 75.07 and the S&P/TSX Global Gold Index rose 2.8% to 199. The gold price rose 0.85% to US$1,313.40. Shares of Barrick Gold rose 93¢ to $18.36. In March 2019 the company agreed to form a joint venture with Newmont Mining in Nevada, combining operations that in 2018 produced a total 4.1 million oz. gold. Barrick will be operator, with a 61.5% interest in the joint venture. Shortly after, Barrick stopped all further underground development at its Golden Sunlight gold mine in Montana, with mining continuing in existing areas. The company says a final gold run to process mill ore is scheduled for May 2019, although it may also reprocess historic tailings. Barrick will continue underground and surface exploration drilling at the operation, focused on the southern extension of the Sunlight vein. It will also complete metallurgical and geological studies for the project’s Apex target. Shares of INV Metals fell 15.4% to 55¢. The company recently closed a $3-million private placement to continue progressing its Loma Larga gold-copper-silver project in Ecuador. In March 2019, the Ecuadorian Constitutional Court ruled in favour of two referendums in Giron and San Fernando, jurisdictions that sit next to the project’s mineral resources and

reserves. One referendum is against allowing mining activities and the other is in favour of mining activities. The company says it will continue developing its project, as its reserves and resources are not located in either jurisdiction. It had planned to build processing and tailings facilities in Giron, however, and says it will relocate if required. It will also seek legal clarification on the government’s decision. The company tabled a feasibility study at Loma Larga in November 2018 that assigned the project a US$356-million after tax net present value at a 5% discount rate, and a 24.7% after-tax internal rate of return at US$1,250 per oz. gold, US$18 per oz. silver and US$3 per lb. copper. Shares of Seabridge Gold rose 58¢ to $18.61. TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Barrick Gold Suncor Energy B2Gold Corp Kinross Gold Goldcorp Trevali Mng Lundin Mng First Quantum Yamana Gold Largo Res

ABX SU BTO K G TV LUN FM YRI LGO

23297 18532 16942 16768 15452 14980 14788 13161 12536 12085

18.38 46.50 3.93 4.69 15.00 0.41 6.63 15.10 3.54 2.40

WEEK LOW CLOSE CHANGE

16.86 44.68 3.63 4.32 14.19 0.34 5.97 13.92 3.34 2.08

18.36 45.19 3.90 4.68 14.51 0.39 5.98 14.10 3.51 2.14

+ + + + + + + -

0.93 0.17 0.03 0.17 0.02 0.05 0.37 0.46 0.10 0.21

The company recently tabled an updated resource estimate for its Iron Cap gold-copper porphyry project in British Columbia. The estimate increases Iron Cap’s indicated resource by 460,000 oz. gold and 177 million lb. copper, as well as its inferred resource by 7.45 million oz. gold and 4 billion lb. copper. It includes more than 20,300 metres the company diamond drilled at Iron Cap across 18 holes in 2018. The project now contains 423 million in-

dicated tonnes grading 0.41 gram gold per tonne, 0.22% copper, 4.6 grams silver and 41 parts per million molybdenum for 5.57 million oz. gold, 2.05 billion lb. copper, 62.5 million oz. silver and 38 million lb. molybdenum. It also contains 1.89 billion inferred tonnes at 0.45 gram gold, 0.3% copper, 2.6 grams silver and 30 ppm molybdenum for 27.4 million oz. gold, 12.5 billion lb. copper, 158 million oz. silver and 126 million lb. molybdenum. TNM

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Tanzania Rlty Euro Sun Mg St Augustine Troilus Gold Century Global Aberdeen Intl Yorbeau Res Trevali Mng Nemaska Lith Anaconda Mng Jaguar Mng Lydian Intl INV Metals General Moly eCobalt Solns Excellon Res Kerr Mines Mandalay Res Anglo Pac Grp U3O8 Corp

TNX ESM SAU TLG CNT AAB YRB TV NMX ANX JAG LYD INV GMO ECS EXN KER MND APY UWE

268 1448 556 424 12 286 1701 14980 11840 1485 1057 4138 210 15 637 417 677 991 7 129

1.05 0.47 0.03 1.15 0.21 0.06 0.03 0.41 0.37 0.33 0.20 0.11 0.69 0.35 0.41 1.08 0.15 0.14 2.75 0.17

TSX GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.81 0.33 0.02 0.88 0.17 0.05 0.03 0.34 0.32 0.27 0.14 0.09 0.55 0.30 0.35 0.94 0.12 0.12 2.37 0.14

1.04 0.42 0.03 1.15 0.21 0.06 0.03 0.39 0.35 0.31 0.16 0.09 0.55 0.31 0.35 0.94 0.12 0.12 2.37 0.14

+ + + + + + + + + + -

28.4 25.8 25.0 25.0 23.5 22.2 20.0 13.2 13.1 12.7 22.5 18.2 15.4 15.1 14.8 14.5 14.3 14.3 13.8 12.5

VOLUME (000s)

Wheaton Prec M Teck Res Nexa Resources Teck Res Agnico Eagle Barrick Gold North Am Pall Endeavour Mng Kirkland Lake Seabridge Gld Nutrien Ero Copper Franco-Nevada Cameco Corp Altius Mnrls Torex Gold First Quantum Atalaya Mining Anglo Pac Grp Lundin Mng

WPM TECK.A NEXA TECK.B AEM ABX PDL EDV KL SEA NTR ERO FNV CCO ALS TXG FM AYM APY LUN

6415 16 11 7309 4118 23297 600 1304 4268 276 9508 1923 3660 3991 185 1612 13161 1 7 14788

WEEK CLOSE

32.93 30.40 16.82 30.25 59.47 18.36 18.40 20.28 45.46 18.61 67.73 15.21 101.94 15.85 12.82 17.49 14.10 3.70 2.37 5.98

CHANGE

+ + + + + + + + + + -

2.53 1.74 1.68 1.50 1.01 0.93 0.89 0.88 0.87 0.58 3.60 1.31 1.04 0.71 0.55 0.54 0.46 0.40 0.38 0.37

TSX VENTURE EXCHANGE / MARCH 18–22 Shares of Macarthur Minerals rose 100% to 10¢. The company signed a life-of-mine offtake agreement to sell Glencore International iron ore that could be produced from Macarthur’s Lake Giles iron project in Western Australia’s Yilgarn region. The company later redacted several forward-looking statements that were not National Instrument 43-101 compliant, such as the value of the deal and amended statements that did not include the required cautionary language. A few days before the announcement, the company closed a US$6-million private placement it will use to fund a bankable feasibility study on Lake Giles’ Moonshine Magnetite and Ularring Hematite iron ore deposits, including a 54-hole drill program. Moonshine Magnetite contains 1.3 billion inferred tonnes grading 30.1% iron and Ularring Hematite contains 54.5 million indicated tonnes at 47.2% iron and 26 million inferred tonnes at 42.4% iron. Shares of Luminex Resources rose 14¢ to 75¢ after the company signed a non-binding letter of intent, wherein BHP Group can earn up to a 70% interest in Luminex’s Tarqui 1 and 2 mining concessions in Ecuador. To earn its interest, BHP would have to invest US$75 million into the property and pay Luminex US$7 million. Luminex and

BHP will negotiate a binding joint-venture agreement over the next three months. Luminex also has earn-in agreements with First Quantum Minerals and Anglo American at its Orquideas porphyry project and its Pegasus volcanogenic massive sulphide project, both in Ecuador. First Quantum can earn a 51% interest in Orquideas by spending US$31.5 million on exploration, and making staged payments to Luminex totalling US$7 million. Anglo American can earn a 60% interest in Pegasus by spending US$50 million on exploration and making staged payments to Luminex totalling US$7.3 million. Both companies can earn 70% interests by funding the projects to mining decisions. Shares of project-generator Mirasol ReTSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Macarthur Mnl Transatlantic Aguia Resource Arctic Star Savary Gold Rusoro Mng Sokoman Min Cornerstone Ca Silver Spruce Cameo Cobalt

MMS TCO AGRL ADD SCA RML SIC CGP SSE CRU

20227 16981 12397 10821 9872 8665 8306 8197 7348 6838

0.15 0.11 0.09 0.11 0.13 0.16 0.15 0.40 0.04 0.13

WEEK LOW CLOSE CHANGE

0.05 0.05 0.08 0.06 0.12 0.11 0.11 0.30 0.02 0.12

0.10 + 0.06 0.08unch 0.09 + 0.13 0.12 0.15 + 0.36 + 0.04 + 0.13unch

0.05 0.03 0.00 0.03 0.01 0.01 0.03 0.04 0.02 0.00

sources fell 27¢ to 87¢, after OceanaGold ended its option agreements at Mirasol’s La Curva gold and Claudia gold-silver projects in Argentina’s Santa Cruz province. In a prepared statement, Mirasol president and CEO Norm Pitcher noted that although the “results to date did not meet OceanaGold’s expectations,” Mirasol will look for new partners to continue advancing the projects.

OceanaGold signed the Curva agreement in May 2017, and since then has spent $3.7 million exploring the project, drilling 6,250 metres across 36 holes. It signed the Claudia agreement in October 2017 and has since spent $2 million drilling 2,500 metres across 12 holes. Mirasol’s board of directors and management have undergone several major changes. TNM

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

Marifil Mines Macarthur Mnl Northern Uran Kapuskasing Gd Canterra Mnls Cleghorn Mnls Silver Spruce Tembo Gold Eskay Mng Cantex Mn Dev Frontline Gold Knick Expl Alturas Min Troymet Expl Chilean Metals Transatlantic Atlantic Indus Cresval Cap Discovery-Corp Metalex Vent

MFM MMS UNO KAP CTM CZZ SSE TEM ESK CD FGC KNX ALT TYE CMX TCO ANL.H CRV DCY MTX

2461 20227 10 228 102 254 7348 1041 687 508 211 75 294 336 1048 16981 80 130 122 643

0.18 0.15 0.01 0.02 0.03 0.11 0.04 0.04 0.17 2.20 0.01 0.01 0.01 0.01 0.04 0.11 0.02 0.03 0.02 0.05

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.06 0.05 0.01 0.01 0.00 0.06 0.02 0.02 0.07 1.00 0.01 0.00 0.01 0.01 0.03 0.05 0.01 0.02 0.01 0.00

0.16 0.10 0.01 0.02 0.03 0.11 0.04 0.04 0.14 1.66 0.01 0.01 0.01 0.01 0.03 0.06 0.01 0.02 0.01 0.03

+ 166.7 + 100.0 + 100.0 + 100.0 + 100.0 + 83.3 + 75.0 + 75.0 + 75.0 + 66.0 - 50.0 - 50.0 - 50.0 - 50.0 - 37.5 - 35.3 - 33.3 - 33.3 - 33.3 - 33.3

VOLUME (000s)

Cantex Mn Dev Filo Mg Corp SilverCrest Karmin Expl Westhaven Vent Asbestos Corp Luminex Res Great Bear Res New Pac Metals Marifil Mines Abitibi Royal Mirasol Res Novo Res Maverix Metals Gold Reserve Hut 8 Mining Aurion Res Golden Secret Wealth Mnrls Metalore Res

CD FIL SIL KAR WHN AB.H LR GBR NUAG MFM RZZ MRZ NVO MMX GRZ HUT AU TBRD WML MET

WEEK CLOSE

508 1.66 53 2.53 325 4.82 20 0.90 1618 1.11 2 0.55 441 0.75 572 3.21 228 2.50 2461 0.16 32 12.70 455 0.87 669 3.09 157 2.35 11 3.40 217 1.04 283 1.06 166 1.58 593 0.51 4 1.56

CHANGE

+ + + + + + + + + + -

0.66 0.28 0.21 0.19 0.18 0.15 0.14 0.13 0.13 0.10 0.51 0.27 0.26 0.23 0.20 0.19 0.13 0.13 0.11 0.11

U.S. MARKETS / MARCH 18–22 The Dow Jones Industrial Average fell 1.34% to finish the trading week at 25,502.32, and the S&P 500 Index lost 0.77% to end the week at 2,800.71. Spot gold rose US$11.10 per oz. to US$1,313.40 per oz. gold. Shares of Vale remained under pressure, falling US38¢ to US$12.82. The Brazilian iron ore miner announced on March 20 that it was suspending operations at the Alegria mine in its Mariana complex because the results of a preliminary analysis of its structures were inconclusive, and it was impossible for the company to guarantee their stability. The company estimated the closure could impact production of up to 10 million tonnes per year. Two days later, Vale reported that a local court injunction had forced it to freeze operations at 13 other tailings dams in the country. Operations at its Brucutu mine, the largest iron ore mine in Minas Gerais state, have been suspended for more than a month, after a tailings dam collapse at its Corrego do Feijao mine killed at least 300 people. The company said it would restart Brucutu, but the injunction on March 25 means Vale will have to delay the restart. Wheaton Precious Metals’ shares rose

18_APR1_MarketNews.indd 18

US$1.92 to US$24.50 on the back of record gold production and sales recorded for 2018. The company reported operating cash flow for the year of over US$475 million, based on producing over 370,000 oz. gold, 24 million oz. silver and 14,000 oz. palladium. The increase in attributable gold production mainly owed to Wheaton’s gold stream in May 2018 from First Majestic’s San Dimas mine in Mexico and the precious metals stream in July 2018 on the Stillwater palladium mine in the U.S. owned by Sibanye-Stillwater, as well as higher production at both Vale’s Salobo mine in Brazil and Hudbay’s Constancia mine in U.S. MOST ACTIVE ISSUES VOLUME (000s) HIGH

Goldcorp* GG 176211 Vale* VALE 170115 Freeport McMoR*FCX 88898 Newmont Mng* NEM 78506 Barrick Gold * GOLD 77474 Yamana Gold* AUY 60110 Cleveland-Clif* CLF 55773 Cloud Peak En* CLD 55620 United States S* X 50970 Kinross Gold* KGC 46646

11.22 13.98 13.04 34.80 13.70 2.66 10.61 0.24 20.54 3.51

WEEK LOW CLOSE CHANGE

10.60 12.76 12.11 32.66 12.64 2.50 9.30 0.16 18.98 3.24

10.80 12.82 12.18 34.50 13.67 2.61 9.30 0.19 19.09 3.48

+ + + +

0.05 0.38 0.17 1.36 0.67 0.02 0.66 0.04 0.57 0.10

Peru. Wheaton forecasts 2019 attributable gold production will come to 365,000 oz. gold, 24.5 million oz. silver and 22,000 oz. palladium. For the five years ended 2023, Wheaton expects average annual gold-equivalent production of 750,000 ounces.

Shares of Franco-Nevada fell US85¢ to US$75.90. The company reported 2018 revenues of US$653.2 million, net income of US$139 million, or US75¢ per share, and adjusted net income of US$217 million, or US$1.17 per share. TNM

U.S. GREATEST PERCENTAGE CHANGE Sibanye-Stillw* Nexa Resources* Wheaton Prec M* Endeavr Silver* AngloGold Ash* Gold Fields* Barrick Gold * Alamos Gold* Teck Res* Newmont Mng* Cloud Peak En* Intrepid Pots* Cleveland-Clif* Mosaic* CONSOL Energy* Nutrien* Lithium Amer* Cameco Corp* CONSOL Energy* Fortuna Silvr*

SBGL NEXA WPM EXK AU GFI GOLD AGI TECK NEM CLD IPI CLF MOS CEIX NTR LAC CCJ CNX FSM

VOLUME (000s) HIGH

37670 452 15856 5352 18397 18892 77474 11229 12256 78506 55620 3117 55773 16405 1240 11299 1074 6874 12031 5712

4.85 12.71 24.58 2.85 14.46 4.19 13.70 5.37 23.39 34.80 0.24 4.01 10.61 28.99 38.12 54.20 4.43 12.59 11.12 3.84

U.S. GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

4.05 11.27 22.33 2.54 13.17 3.84 12.64 4.93 21.63 32.66 0.16 3.59 9.30 26.81 35.20 50.43 4.12 11.73 10.25 3.53

4.57 12.40 24.50 2.77 14.44 4.14 13.67 5.24 22.53 34.50 0.19 3.68 9.30 26.85 35.22 50.47 4.18 11.81 10.32 3.66

+ 10.9 + 9.0 + 8.5 + 6.5 + 6.2 + 5.6 + 5.2 + 4.6 + 4.5 + 4.1 - 17.3 - 7.3 - 6.6 - 6.5 - 5.8 - 5.7 - 5.2 - 4.9 - 3.8 - 3.7

VOLUME (000s)

Wheaton Prec M* WPM Newmont Mng* NEM Nexa Resources* NEXA Teck Res* TECK AngloGold Ash* AU Barrick Gold * GOLD Agnico Eagle* AEM Sibanye-Stillw* SBGL Kirkland Lake* KL Seabridge Gld* SA Nutrien* NTR Chevron Corp* CVX CONSOL Energy* CEIX Mosaic* MOS MartinMarietta* MLM Natural Res Pt* NRP Franco-Nevada* FNV Cleveland-Clif* CLF Cameco Corp* CCJ United States S* X

15856 78506 452 12256 18397 77474 5672 37670 6798 1569 11299 28226 1240 16405 2934 126 4596 55773 6874 50970

WEEK CLOSE

24.50 34.50 12.40 22.53 14.44 13.67 44.29 4.57 33.87 13.86 50.47 123.09 35.22 26.85 192.11 41.06 75.90 9.30 11.81 19.09

CHANGE

+ + + + + + + + + + -

1.92 1.36 1.02 0.98 0.84 0.67 0.58 0.45 0.40 0.37 3.03 2.22 2.16 1.86 1.39 1.19 0.85 0.66 0.61 0.57

2019-03-26 6:45 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / APRIL 1–14, 2019

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 Tuesday, March 26, 2019 Precious Metals Price (US$/oz.) Gold $1296.35 Silver $15.30 Platinum $813.00 Palladium $1513.00 Base Metals Nickel Copper Lead Zinc

Change +8.90 +0.14 -32.00 -28.00

Price (US$/tonne) $13095.00 $6349.50 $1997.00 $2878.00

Change +114.00 -10.00 -18.00 +41.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 22, 2019 (change from March 15, 2019 in brackets): Aluminium Alloy 9060 (-20) Aluminium 1160275 (-22575) Copper 175325 (-11100) Lead 78275 (+500) Nickel 185358 (-5982) Tin 1060 (-155) Zinc 57650 (-1000)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$73.20 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.15 Cobalt: US$13.61/lb. Copper: US$2.85/lb. Copper: CME Group Futures April 2019: US$2.85/lb.; May: 2019: US$2.85/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz. Iron Ore 62% Fe CFR China-S: N.A. Lead: US$0.91/lb. Molybdenum Oxide: US$12.46/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$3,325.00 tr. oz. Ruthenium: Mid-mkt US$266.00/tr. oz. Silver: Handy & Harman Base: US$14.54 per oz.; Handy & Harman Fabricated: US$18.17 per oz. Tantalite Ore : US$186.50/kg Tin: US$9.73/lb. Uranium: U3O8, Trade Tech spot price: US$27.00 per lb U308 Zinc: US$1.29/lb. Prices current Mar. 26, 2019

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

Mar 22 16089.33 637.82 958.21 199.00 164.66

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Mar 21 16244.59 641.21 967.26 196.33 164.66

Mar 20 16167.56 637.97 963.27 194.40 163.15

Mar 19 16188.10 636.07 965.74 191.07 160.33

Mar 18 16251.37 632.59 970.27 191.10 159.85

High 15527.30 1050.26 896.74 218.90 420.72

Low 12400.15 883.52 709.99 149.29 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Mar 15, 2019 (with changes from Feb 28, 2019) Largest short positions Sandstorm Gold SSL 17682915 -24405 2/28/2019 Goldcorp G 14808268 4030104 2/28/2019 Nemaska Lith NMX 14223640 -800919 2/28/2019 Ivanhoe Mines IVN 13809500 471163 2/28/2019 Turquoise HIl TRQ 11482436 322594 2/28/2019 New Gold NGD 11335896 569480 2/28/2019 Barrick Gold ABX 11288027 -603956 2/28/2019 Kinross Gold K 9523812 -2058160 2/28/2019 Yamana Gold YRI 8021676 127573 2/28/2019 McEwen Mng MUX 7924583 831659 2/28/2019 Copper Mtn Mng CMMC 7905533 -80937 2/28/2019 Franco-Nevada FNV 7762079 6364599 2/28/2019 Lucara Diam LUC 7724771 19098 2/28/2019 Nexgen Energy NXE 7279560 24597 2/28/2019 First Quantum FM 7091863 -1239950 2/28/2019 Largest increase in short position Franco-Nevada FNV 7762079 6364599 2/28/2019 Goldcorp G 14808268 4030104 2/28/2019 Denison Mines DML 6489240 3978063 2/28/2019 Alacer Gold ASR 6259219 2326973 2/28/2019 Nthn Dynasty NDM 3478013 1683375 2/28/2019 Largest decrease in short position Kinross Gold K 9523812 -2058160 2/28/2019 Nutrien NTR 3296290 -1569014 2/28/2019 First Quantum FM 7091863 -1239950 2/28/2019 Teck Res TECK.B 3756801 -1062339 2/28/2019 Osisko Mng Inc OSK 4761885 -879405 2/28/2019

Short positions outstanding as of Mar 15, 2019 (with changes from Feb 28, 2019) Largest short positions First Cobalt FCC 6472832 4372676 2/28/2019 RJK Explor RJX.A 2237673 1939074 2/28/2019 Cameo Cobalt CRU 2049082 2028282 2/28/2019 Leeta Gold HIVE 1439980 -99325 2/28/2019 Fission 3.0 FUU 1190977 -621476 2/28/2019 Atlantic Gold AGB 1087797 -34767 2/28/2019 Victoria Gold VIT 1007761 592553 2/28/2019 Cobalt 27 Cap KBLT 986893 -128936 2/28/2019 RosCan Gold ROS 972115 943984 2/28/2019 Standard Lith SLL 902272 -67161 2/28/2019 Novo Res NVO 795947 196945 2/28/2019 Rusoro Mng RML 788977 720719 2/28/2019 Amarillo Gold AGC 731950 -45550 2/28/2019 Teslin Rvr Res SIM 637944 599534 2/28/2019 Scorpio Gold SGN 631484 629484 2/28/2019 Largest increase in short position First Cobalt FCC 6472832 4372676 2/28/2019 Cameo Cobalt CRU 2049082 2028282 2/28/2019 RJK Explor RJX.A 2237673 1939074 2/28/2019 RosCan Gold ROS 972115 943984 2/28/2019 Rusoro Mng RML 788977 720719 2/28/2019 Largest decrease in short position Universal Cop UNV 42627 -1385570 2/28/2019 Walker River WRR 36042 -1228695 2/28/2019 MAX Res MXR 298945 -1015446 2/28/2019 Centenera Mng CT 5000 -997000 2/28/2019 Albert Mining AIIM 60812 -764775 2/28/2019

DAILY METAL PRICES Daily Metal Prices Date Mar 25 Mar 22 Mar 21 Mar 20 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1380/1425 1445/1470 1430/1455 1440/1460 Aluminum 1855.50/1886 1866.50/1893 1890.50/1919.50 1922/1944 Copper 6327.50/6323.50 6373/6367 6518/6500.50 6486.50/6467 Lead 2007/2027 2018/2039 2035/2053 2012.50/2035 Nickel 12760/12850 12920/13010 13140/13270 13190/13250 Tin 21400/21350 21595/21500 21470/21375 21370/21275 Zinc 2838/2804 2864/2833 2901/2868.50 2875/2843 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1319.35 1311.10 1317.30 Gold PM 1319.55 1311.30 1309.60 Silver 15.53 15.46 15.54 Platinum 852.00 853.00 872.00 Palladium 1565.00 1554.00 1604.00

Mar 19 1440/1460 1907/1934 6498/6483 2016.50/2036 13090/13190 21345/21200 2840/2803

1303.00 1303.70 15.32 859.00 1602.00

1308.35 1307.70 15.41 850.00 1585.00

Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 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 MBAC Fertilizer (MBC.WT) - Wt buys sh @ $1 to Apr 17/19 Nemaska Lithium Inc (NMX.WT) - Wt buys sh @ $1.5 to Jul 8/19 Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 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 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cornerstone Capital Resources (CGP. WT.S) - Wt buys sh @ $0.35 to Apr 07/19

Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Sandfire Resources America Inc. (SFR.RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. West Kirkland Mining (WKM.WT) - Wt buys sh @ $0.3 to Apr 17/19 Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS MARCH 18–22, 2019 76 New Highs Affinity Metal* Alacer Gold Altan Nevada Barker Min* Buenaventura* Cantex Mn Dev Cantex Mn Dev* Champion Iron Clifton Mng* Colombia Crest* Cornerstone Ca Cornerstone Ca* Defense Metals* Desert Gold* Diamond Fields Diamond Fields* Doubleview Cap* Ely Gold Royal* EVI Global Grp

Filo Mg Corp Filo Mg Corp* Fortescue Met* Gainey Capital Glacier Lake* Golden Star Golden Star* GoldON Res* Graphite One Graphite One* Hemcare Health* Inception Mng * Irving Res Irving Res* IsoEnergy Ltd Japan Gold Japan Gold* K92 Mining K92 Mining* Legion Metals Lonmin plc*

Macarthur Mnl Macarthur Mnl* Minfocus Expl* Miramont Res Miramont Res* Mount Gibson * Mundoro Cap* Network Expl* Nevada Clean M* New Pac Metals New Pac Metals* Omineca Mining* Orestone Mng RosCan Gold RosCan Gold* Royal Rd Mnrls Sandstorm Gold Savary Gold* Scorpio Gold Sibanye-Stillw* Silverore Mns*

SolGold plc Solitario Ex&R* Southern Arc Southern Arc* Tanzania Rlty Tanzania Rlty* Tethyan Res Torex Gold Torex Gold* Trilogy Mtls Tundra Gold* Verde Res* Wheaton Prec M Wheaton Prec M* White Mtn Engy*

44 New Lows Altair Res Inc* Arcus Dev Grp Ashanti Sanko* Aston Bay AurCrest Gold*

Azucar Min Canoe Mng Vent* Cloud Peak En* Cresval Cap Critical Elem Delrey Metals DRDGOLD* Endurance Gold* Gitennes Expl Gold Std Vents Gold Std Vents* Goldgroup Mng* Gungnir Res Hut 8 Mining Jaguar Mng Kore Mining * Leading Edge Leading Edge* Maple Gold* MaxTech Vent* Metalo Manuf*

Minaurum Gold Minaurum Gold* Mineworx Tech* Mirasol Res Mountain Prov Mountain Prov* Napier Vent* Northern Light NRG Metals* Nthrn Sphere* Pac Bay Mnrls* Rio Silver* Rojo Res Rover Metals* Syrah Res* Ucore Rare Mtl Ucore Rare Mtl* Worldwide Res*

CANADIAN GOLD MUTUAL FUNDS Fund AGF Prec Mtls Fd MF BMO Prec Mtls Fd A BMO ZGD BMO ZJG CIBC Prec Metal Fd A Dyn Prec Metls Fd A Galileo GOGO Harvest HGGG Horizons HEP IG Mac GbPMetCl A iShares XGD Mac Prec Met Cl A NBI PrecMetFd Invt NPT Gold&PrMinFdA NPT SilverEquCl A RBC GblPreMetFd A Sentry Pre Met Fd A TD Prec Mtl Fd Inv

Mar 22 ($) 18.78 47.51 49.02 10.07 11.33

8.69 46.60 12.73

33.65 33.16

Mar 15 ($) 19.18 18.58 46.48 48.17 9.85 6.94 11.00 20.74 24.53 8.54 12.13 45.80 12.45 33.29 4.99 32.99 35.32 32.47

Change ($) 0.19 0.19 1.02 0.85 0.22 0.02 0.33 0.19 0.47 0.15 0.22 0.80 0.28 0.44 0.18 0.66 -0.13 0.69

Change (%) 1.00 1.05 2.20 1.76 2.28 0.29 2.98 0.89 1.94 1.73 1.82 1.75 2.25 1.33 3.74 2.00 -0.36 2.13

YTDChange (%) 4.99 3.82 8.35 6.33 4.21 8.38 8.99

MER (%) 2.80 2.40 0.61 0.60 2.45 2.71 0.60

6.36 6.52 2.08 6.64 6.86 3.37 8.69 5.91 7.46 3.71

0.83 2.75 0.55 2.52 2.46 3.04 2.95 2.13 2.46 2.27

TotalAssets (M$) 94.08 58.13

41.81 346.32

31.14 765.95 27.16

305.08 243.23 102.21

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

Mar 22 1.3369 0.7480

Mar 21 1.3369 0.7480

Mar 20 1.3290 0.7525

Exchange rates (Quote Media, March 22, 2019) C$ to AUS C$ to EURO C$ to YEN 1.0526 0.6577 82.8910 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5697 5.0114 51.4721 US to AUS US to EURO US to YEN 1.4072 0.8792 110.8100 US to UK Pound US to China Yuan US to India Rupee 0.7616 6.6992 68.9525

Mar 19 1.3325 0.7505

Mar 18 1.3340 0.7496

C$ to Mex Peso 14.1113 C$ to Swiss Franc 0.7421 US to Mex Peso 18.8656 US to Swiss Franc 0.9920

C$ to SA Rand 10.6332 C$ to S. Korea Won 844.2709 US to SA Rand 14.2145 US to S. Korea Won 1128.7700

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

19_APR1_MMMM.indd 19

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

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

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

GLOBAL MINING NEWS · SINCE 1915

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2019-03-26 5:03 PM

WWW.NORTHERNMINER.COM

APRIL 1–14, 2019 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MARCH 18–22, 2019 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 21C Metals 37 Capital* O 37 Capital 66 Resources 92 Resources V 92 Resources* O Abacus Mining* O Abacus Mining V Abcourt Mines V Abcourt Mines* O Aben Resources*O Aben Resources V Aberdeen Intl* O Aberdeen Intl T Abitibi Royal* O Abitibi Royal V AbraPlata Res* O AbraPlata Res V Adamera Min* O Adamera Min V Adex Mining V Advance Gold V Advantage Lith* O Advantage Lith V Adventus V Adventus* O Aethon Mineral V AEX Gold V Affinity Metal* O African Gold* O African Gold V African Min* O Aftermath Silv* O Aftermath Silv V Agnico Eagle T Agnico Eagle* N Aguia Resource V Aguila Amer Gd V AJN Resources Alacer Gold T Alamos Gold T Alamos Gold* N Alaska Pac Egy* O Alba Minerals* O Albert Mining V Albert Mining* O Alcoa* N Aldebaran Res V Alderon Iron* O Alderon Iron T Aldever Res* O Aldever Res V Alexandra Cap* O Alexandria Min* O Alexandria Min V Alexco Res T Alexco Res* X Algold Res* O Algold Res V Alianza Min V Alianza Min* O Alien Metals* O Alio Gold* X Alio Gold T Allante Res V Allegiant Gold V Allegiant Gold* O Alliance Mng V Alliance Res* D Almaden Min T Almaden Min* X Almadex Min* O Almadex Min V Almonty Ind T Almonty Ind * O Aloro Mining* O Aloro Mining V Alphamin Res * O Alphamin Res V Altai Resource V Altai Resource* O Altair Res Inc* O Altair Res Inc V Altamira Gold V Altamira Gold* O Altan Nevada V Altan Rio Min V Altiplano Met V Altius Mnrls * O Altius Mnrls T Alto Ventures V Altura Mining* O Alturas Min V Altus Strat V Alumina Ltd* O ALX Uranium V ALX Uranium* O AM Resources V Amador Gold V Amani Gold* O Amarc Res V Amarc Res* O Amarillo Gold V Amarillo Gold* O Amazing Energy* O Amer Intl Vent* O American Batt* O American Creek* O American Creek V American CuMo* O American Lith V American Lith* O American Mang* O American Mang V American Pac American Pac* O AmericanSierra* O Americas Silvr* X Americas Silvr T Amerigo Res T Amerigo Res* O Amex Expl* O Amex Expl V Amilot Capital V Amseco Expl V Amseco Expl * O Anaconda Mng T Anaconda Mng* O Anconia Res V Andes Gold* O Anfield Energy* O Anfield Energy V Angel Gold* O Angel Gold V Angkor Gold V Angkor Gold* O Anglo American* O Anglo American* O Anglo Pac Grp T AngloGold Ash* O AngloGold Ash* N Angus Ventures V Antioquia Gold* O Antioquia Gold V Antler Gold V Antofagasta* O Apex Res * O Apex Res V Appia Energy Appia Energy* O Applied Min* O Aquila Res* O Aquila Res T Arch Coal* N Archon Mineral V Arctic Star* O Arctic Star V Arcus Dev Grp V Arena Min V Arena Min* O Argentina Lith* O Argentina Lith V Argentum Silvr V Argex Titanium T Argex Titanium* O Argo Gold* O Argo Gold Argonaut Gold* O Argonaut Gold T

274 42 25 18 602 10 167 145 237 59 136 995 19 286 1 32 180 982 614 3534 292 249 329 402 111 26 175 4 8 4 344 658 5 352 4118 5672 12397 7 800 4816 5351 11229 600 3 1711 88 15887 69 44 149 0 3 3 138 2083 322 991 0 398 15 3 226 908 457 2 72 100 50 1689 138 736 393 164 476 28 14 65 1200 962 378 145 0 220 196 5 331 3 52 128 185 45 29 294 493 76 165 26 59 661 280 67 15 89 42 104 70 39 15 508 75 1552 1713 164 254 1457 36 11 786 446 279 228 50 615 53 31 2 1485 118 160 74 72 542 26 2 29 38 753 10 7 0 18397 7 167 86 355 8 11 34 77 93 476 214 186 1132 10 59 10821 17 1564 45 69 321 0 4859 123 111 544 122 1367

20-23_APR1_StockTables.indd 20

0.27 0.07 0.15 0.16 0.05 0.03 0.06 0.08 0.07 0.05 0.15 0.20 0.04 0.06 9.54 13.10 0.05 0.07 0.03 0.04 0.01 0.09 0.45 0.58 1.00 0.76 0.15 0.28 0.07 0.01 0.02 0.00 0.09 0.13 60.07 44.84 0.09 0.19 0.05 3.98 7.20 5.37 0.00 0.06 0.11 0.09 29.53 0.69 0.27 0.36 0.00 0.04 0.42 0.02 0.03 1.84 1.37 0.00 0.22 0.08 0.06 0.00 0.79 1.04 0.15 0.21 0.16 0.02 20.78 0.81 0.62 0.22 0.29 0.89 0.65 0.08 0.11 0.20 0.28 0.12 0.08 0.00 0.05 0.09 0.07 0.07 0.01 0.17 10.11 13.42 0.02 0.11 0.01 0.08 7.62 0.07 0.05 0.15 0.72 0.00 0.06 0.04 0.26 0.19 0.32 0.01 0.27 0.03 0.04 0.07 0.50 0.38 0.11 0.15 0.20 0.14 0.02 1.67 2.22 1.12 0.84 0.86 1.19 0.06 0.05 0.03 0.33 0.24 0.01 0.01 0.16 0.22 0.02 0.03 0.16 0.12 13.42 26.60 2.75 0.00 14.46 0.25 0.03 0.04 0.10 12.94 0.05 0.09 0.38 0.30 0.05 0.17 0.22 92.57 0.60 0.08 0.11 0.04 0.07 0.06 0.08 0.11 0.00 0.04 0.03 0.21 0.29 1.45 1.93

0.20 0.07 0.10 0.10 0.03 0.03 0.05 0.07 0.06 0.05 0.13 0.18 0.04 0.05 0.00 12.18 0.04 0.05 0.02 0.03 0.01 0.08 0.39 0.51 0.92 0.00 0.13 0.28 0.05 0.00 0.01 0.00 0.07 0.09 56.86 42.65 0.08 0.17 0.05 3.60 6.59 4.93 0.00 0.06 0.10 0.08 27.69 0.65 0.25 0.33 0.00 0.00 0.42 0.02 0.03 1.66 1.25 0.00 0.00 0.08 0.06 0.00 0.73 0.98 0.15 0.18 0.13 0.02 20.15 0.76 0.57 0.21 0.28 0.71 0.53 0.08 0.11 0.20 0.20 0.10 0.07 0.00 0.00 0.08 0.07 0.03 0.01 0.13 9.35 12.54 0.02 0.10 0.01 0.07 7.15 0.06 0.05 0.15 0.64 0.00 0.05 0.03 0.25 0.18 0.26 0.01 0.27 0.03 0.04 0.07 0.45 0.33 0.10 0.14 0.17 0.13 0.00 1.53 2.04 1.07 0.80 0.82 1.02 0.05 0.05 0.03 0.27 0.20 0.01 0.00 0.16 0.21 0.02 0.00 0.15 0.12 12.94 25.51 2.37 0.00 13.17 0.20 0.03 0.00 0.08 12.29 0.04 0.00 0.33 0.26 0.04 0.14 0.19 89.51 0.60 0.05 0.06 0.00 0.06 0.04 0.00 0.09 0.00 0.04 0.02 0.15 0.21 1.26 1.69

0.22 0.07 unch 0.15 + 0.10 0.04 0.03 unch 0.06 + 0.07 0.06 0.05 0.13 0.18 0.04 + 0.06 + 9.54 12.70 0.05 + 0.07 + 0.03 0.03 0.01 unch 0.09 0.40 0.54 unch 0.95 + 0.71 + 0.14 0.28 unch 0.07 + 0.00 0.02 unch 0.00 unch 0.09 + 0.12 + 59.47 + 44.29 + 0.08 unch 0.17 0.05 unch 3.93 + 7.05 + 5.24 + 0.00 0.06 + 0.10 0.08 28.12 + 0.66 + 0.27 + 0.35 + 0.02 unch 0.04 unch 0.42 unch 0.02 + 0.03 unch 1.69 unch 1.31 0.18 unch 0.21 unch 0.08 unch 0.06 0.00 0.75 0.99 0.15 unch 0.20 + 0.15 + 0.02 unch 20.20 0.81 + 0.60 + 0.21 0.29 0.85 + 0.64 0.08 unch 0.11 0.20 unch 0.25 0.11 + 0.07 0.03 unch 0.05 + 0.08 0.07 + 0.05 0.01 unch 0.13 9.54 12.82 0.02 0.11 + 0.01 0.08 + 7.32 + 0.06 0.05 + 0.15 0.66 0.00 0.06 + 0.04 + 0.26 + 0.18 0.26 0.01 0.27 unch 0.03 0.04 + 0.07 unch 0.49 + 0.36 + 0.11 0.14 0.18 unch 0.13 0.02 + 1.59 2.10 1.08 + 0.80 0.82 + 1.05 0.05 0.05 unch 0.03 unch 0.31 + 0.23 + 0.01 unch 0.01 unch 0.16 0.21 unch 0.02 0.03 0.15 0.12 unch 12.95 26.60 + 2.37 14.06 unch 14.44 + 0.25 0.03 unch 0.03 unch 0.08 12.58 + 0.04 0.08 0.35 0.26 0.04 0.15 unch 0.22 + 90.58 0.60 unch 0.07 + 0.09 + 0.04 + 0.07 unch 0.05 + 0.07 0.10 0.17 unch 0.04 0.03 0.15 0.21 1.40 + 1.88 +

0.01 0.00 0.05 0.05 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.43 0.51 0.01 0.02 0.00 0.01 0.00 0.01 0.02 0.00 0.03 0.01 0.01 0.00 0.02 0.00 0.00 0.00 0.01 0.03 1.01 0.58 0.00 0.03 0.00 0.18 0.38 0.23 0.00 0.00 0.01 0.00 0.28 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.00 0.01 0.01 0.00 0.43 0.04 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.00 0.04 0.50 0.55 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.06 0.00 0.01 0.01 0.01 0.01 0.04 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.07 0.08 0.02 0.01 0.03 0.08 0.01 0.00 0.00 0.04 0.03 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.00 0.00 1.09 0.38 0.00 0.84 0.06 0.00 0.00 0.01 0.29 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.24 0.00 0.02 0.03 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.05 0.06 0.14 0.19

0.42 0.52 0.30 0.27 0.09 0.07 0.29 0.38 0.08 0.06 0.38 0.49 0.15 0.20 10.14 13.29 0.18 0.22 0.08 0.12 0.02 0.60 0.95 1.17 1.16 0.90 0.85 0.53 0.07 0.04 0.05 0.01 0.14 0.20 62.80 47.83 0.35 0.28 0.20 3.94 7.97 6.13 0.00 0.14 0.25 0.19 62.35 0.90 0.35 0.50 0.07 0.09 0.48 0.08 0.10 2.14 1.70 0.59 1.40 0.15 0.10 0.01 2.16 2.77 0.20 0.59 0.46 0.05 20.99 1.19 0.90 0.45 0.51 0.98 0.73 0.16 0.23 0.25 0.32 0.40 0.29 0.05 0.26 0.25 0.20 0.09 0.02 0.50 11.70 14.80 0.05 0.37 0.04 0.15 8.97 0.09 0.07 0.31 1.10 0.01 0.14 0.11 0.32 0.25 0.94 0.03 0.27 0.04 0.05 0.10 0.74 0.64 0.20 0.24 0.41 0.32 0.03 4.30 5.37 1.21 0.92 1.12 1.52 0.15 0.29 0.13 0.43 0.40 0.04 0.01 0.45 0.59 0.07 0.09 0.20 0.32 13.73 27.02 4.75 15.04 15.86 0.50 0.04 0.10 0.20 15.70 0.08 0.13 0.41 0.31 0.21 0.30 0.39 102.61 1.31 0.15 0.23 0.07 0.11 0.08 0.27 1.18 0.33 0.06 0.05 0.24 0.33 2.07 2.65

0.16 0.07 0.10 0.06 0.03 0.01 0.05 0.07 0.04 0.03 0.08 0.11 0.03 0.05 5.89 7.98 0.03 0.04 0.01 0.02 0.01 0.06 0.29 0.41 0.51 0.48 0.11 0.27 0.05 0.01 0.01 0.00 0.05 0.05 42.35 32.18 0.08 0.17 0.05 1.97 3.88 2.90 0.00 0.04 0.02 0.01 25.01 0.41 0.15 0.22 0.02 0.03 0.42 0.01 0.02 0.92 0.68 0.18 0.21 0.06 0.04 0.00 0.63 0.81 0.06 0.16 0.11 0.01 15.55 0.63 0.48 0.14 0.25 0.35 0.29 0.06 0.07 0.16 0.20 0.07 0.05 0.02 0.04 0.05 0.04 0.02 0.01 0.09 7.31 10.04 0.02 0.08 0.01 0.04 6.09 0.05 0.04 0.12 0.46 0.00 0.04 0.03 0.19 0.15 0.00 0.00 0.26 0.02 0.03 0.02 0.22 0.18 0.10 0.13 0.04 0.03 0.01 1.24 1.66 0.67 0.51 0.04 0.06 0.05 0.01 0.03 0.18 0.14 0.01 0.00 0.12 0.18 0.01 0.02 0.11 0.09 9.37 19.09 1.63 7.38 7.08 0.20 0.01 0.02 0.05 9.27 0.03 0.04 0.11 0.09 0.03 0.10 0.13 75.09 0.60 0.03 0.04 0.03 0.05 0.03 0.03 0.09 0.10 0.03 0.01 0.08 0.07 0.85 1.18

(100s) Stock

Exc Volume

Week High

Low

Arianne Phosph V 168 Arianne Phosph* O 86 Arizona Silver* O 169 Arizona Silver V 465 Armor Min V 30 Asanko Gold T 287 Asanko Gold* X 922 Asante Gold 139 Asbestos Corp V 2 Ascendant Res* O 68 Ascendant Res T 339 Ascot Res * O 207 Ascot Res V 783 Ashanti Gold V 1585 Ashanti Sanko V 8 Ashanti Sanko* O 8 AsiaBaseMetals V 14 Asiamet Res* O 100 Asian Mineral V 1 Aston Bay V 1031 Aston Bay* O 144 Astorius Res V 390 Astur Gold V 10 ATAC Res V 239 ATAC Res* O 117 Atacama Res* O 27602 Atalaya Mining T 1 Athabasca Min* O 120 Athabasca Min V 1063 Athena Silver* O 40 Atico Mining* O 53 Atico Mining V 102 Atlanta Gold* O 0 Atlanta Gold V 40 Atlantic Gold V 856 Atlantic Gold* O 603 Atlantic Indus V 80 Atlas Cons Mng* O 2 Atlatsa Res T 75 Atlatsa Res* O 37 Atom Energy * O 1 Aton Resources* O 26 Aton Resources V 274 Aura Minerals* O 1 Aura Minerals T 2 Aura Resources V 581 Aura Resources* O 163 Auramex Res V 487 Aurania Res* O 48 Aurania Res V 110 Aurcana Corp V 9 Aurcana Corp* O 12 AurCrest Gold V 4 AurCrest Gold* O 1 Aurelius Min V 402 Aurex Energy V 58 Aurion Res V 283 Aurion Res * O 86 Aurora Royal V 2 AURYN Mining* O 2 Auryn Resource T 603 Auryn Resource* X 710 Aust Mines* O 255 Austin Res V 210 Austral Gold* O 1301 Austral Gold V 164 Auxico Res 526 Avalon Advance T 1962 Avalon Advance* O 2157 Avarone Metals* O 33 Avarone Metals 763 Avesoro Res T 10 Avidian Gold V 40 Avino Silver* X 1019 Avino Silver T 138 Avrupa Min V 204 Avrupa Min* O 182 Awale Res V 39 Axmin Inc* O 15 Axmin Inc V 327 Azarga Metals V 84 Azarga Metals* O 8 Azarga Uranium* O 278 Azarga Uranium T 515 Azimut Explor V 227 Azimut Explor* O 11 Azincourt Ener* O 110 Azincourt Ener V 3571 Aztec Minerals V 82 Aztec Minerals* O 18 Azteca Gold* O 6371 Azucar Min V 530

0.42 0.32 0.14 0.18 0.41 0.91 0.70 0.07 0.55 0.41 0.58 0.73 0.99 0.05 0.03 0.02 0.23 0.07 0.00 0.06 0.05 0.03 0.18 0.26 0.20 0.00 4.10 0.49 0.66 0.02 0.26 0.36 0.00 0.03 2.33 1.74 0.02 1.25 0.08 0.06 0.05 0.04 0.05 16.14 21.51 0.07 0.04 0.06 2.90 3.91 0.70 0.53 0.02 0.01 0.04 0.28 1.20 1.00 0.00 0.50 1.73 1.32 0.02 0.02 0.09 0.10 0.20 0.06 0.04 0.04 0.06 2.59 0.20 0.64 0.86 0.05 0.04 0.12 0.40 0.55 0.12 0.09 0.17 0.24 0.42 0.28 0.05 0.06 0.19 0.15 0.00 0.39

0.35 0.27 0.11 0.13 0.40 0.86 0.65 0.06 0.00 0.39 0.50 0.64 0.85 0.04 0.03 0.02 0.15 0.07 0.00 0.05 0.03 0.03 0.16 0.24 0.18 0.00 3.70 0.43 0.56 0.02 0.23 0.32 0.00 0.00 2.07 1.56 0.01 1.24 0.08 0.05 0.05 0.03 0.04 16.14 21.50 0.05 0.03 0.06 2.51 3.32 0.00 0.00 0.00 0.01 0.03 0.24 1.05 0.76 0.00 0.30 1.56 1.19 0.02 0.01 0.03 0.00 0.17 0.05 0.03 0.03 0.05 2.39 0.19 0.60 0.80 0.05 0.03 0.11 0.36 0.49 0.11 0.00 0.16 0.21 0.36 0.28 0.04 0.05 0.18 0.13 0.00 0.28

B2Gold Corp* X B2Gold Corp T Balmoral Res T Balmoral Res* O Balto Res V Bankers Cobalt V Bankers Cobalt* O Bannerman Res* O Banyan Gold V Banyan Gold* O Bard Ventures* O Bard Ventures V Barker Min V Barker Min* O Barkerville V Barkerville* O Barksdale Cap V Barksdale Cap* O Barolo Venture V Baroyeca Gold V Barrick Gold * N Barrick Gold T Barsele Min* O Barsele Min V Batero Gold* O Batero Gold V Bayhorse Silvr* O Bayhorse Silvr V BC Moly * O BC Moly V BCM Res V BCM Res* O BE Res V Bear Creek Mng V Bear Creek Mng* O Bearing Lith V Bearing Lith* O Beauce Gold V Bell Copper V Bell Copper* O Belmont Res V Belo Sun Mng T Belo Sun Mng* O BeMetals V Benchmark Met* O Benchmark Met V Benton Res V Benton Res* O Benz Mining V Benz Mining* O Berkwood Res * O Berkwood Res V Bird River Res Bitterroot Res* O Bitterroot Res V Black Hills* N Black Iron T Black Iron* O Black Isle Res* O Black Mammoth V Black Sea V Black Sea * O Black Tusk Res Blackheath Res V Blackrock Gold V Blackrock Gold* O Blind Creek V Blue Moon Zinc V Blue Moon Zinc* O Blue River Res V Blue River Res* O Blue Sky Uran* O Blue Sky Uran V Blue Star Gold V BlueBird Batt V BlueBird Batt* O Bluenose Gold V

2.95 3.93 0.13 0.10 0.12 0.04 0.03 0.04 0.05 0.04 0.00 0.25 0.01 0.01 0.40 0.30 0.55 0.42 0.25 0.01 13.70 18.38 0.00 0.52 0.05 0.06 0.08 0.10 0.02 0.00 0.12 0.06 0.04 1.54 1.13 0.25 0.19 0.18 0.12 0.08 0.05 0.28 0.21 0.28 0.19 0.25 0.06 0.03 0.07 0.05 0.06 0.08 0.03 0.05 0.07 73.44 0.07 0.05 0.00 0.09 0.10 0.07 0.18 0.02 0.05 0.03 0.05 0.04 0.02 0.03 0.02 0.14 0.20 0.03 0.31 0.23 0.20

Last

12-month Change

Stock

0.42 + 0.30 0.11 0.13 0.40 + 0.87 unch 0.67 0.06 0.55 + 0.39 0.51 0.68 + 0.90 + 0.04 unch 0.03 0.02 unch 0.15 0.07 unch 0.17 unch 0.05 0.04 0.03 + 0.18 unch 0.25 + 0.19 + 0.00 3.70 0.44 0.63 + 0.02 unch 0.25 0.34 + 0.03 unch 0.03 unch 2.33 + 1.73 + 0.01 1.25 unch 0.08 + 0.05 0.05 unch 0.04 unch 0.04 unch 16.14 unch 21.50 unch 0.06 + 0.03 + 0.06 2.90 + 3.90 + 0.64 0.46 0.02 0.01 unch 0.04 unch 0.26 + 1.06 0.80 0.08 unch 0.30 1.67 + 1.28 + 0.02 0.01 0.08 + 0.10 + 0.19 0.05 unch 0.04 + 0.03 unch 0.06 unch 2.40 0.19 0.64 + 0.85 + 0.05 0.03 0.12 + 0.39 + 0.50 0.12 unch 0.08 + 0.17 + 0.23 + 0.41 + 0.28 0.04 + 0.06 + 0.19 + 0.14 + 0.00 0.37 +

0.02 0.01 0.02 0.05 0.01 0.00 0.01 0.01 0.15 0.02 0.04 0.02 0.04 0.00 0.01 0.00 0.06 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.40 0.03 0.01 0.00 0.00 0.03 0.00 0.00 0.09 0.04 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.02 0.05 0.09 0.12 0.01 0.00 0.00 0.02 0.13 0.09 0.00 0.20 0.07 0.03 0.00 0.01 0.05 0.03 0.02 0.00 0.01 0.00 0.00 0.05 0.02 0.02 0.02 0.01 0.00 0.01 0.03 0.04 0.00 0.00 0.01 0.01 0.02 0.00 0.01 0.01 0.01 0.00 0.00 0.08

0.61 0.47 0.15 0.19 0.73 1.79 1.38 0.08 0.88 0.90 1.16 1.23 1.65 0.25 0.10 0.05 0.40 0.16 3.00 0.29 0.20 0.07 0.31 0.63 0.51 0.00 5.10 0.53 0.71 0.30 0.56 0.71 0.05 0.06 2.34 1.76 0.05 1.29 0.09 0.07 0.34 0.08 0.11 16.50 25.00 0.18 0.05 0.08 3.00 4.10 1.38 0.60 0.04 0.02 0.07 1.30 2.15 1.63 0.14 1.80 1.84 1.56 0.33 0.03 0.40 0.13 0.36 0.14 0.11 0.09 0.12 5.99 0.70 1.55 1.95 0.13 0.10 0.24 0.50 0.66 0.16 0.11 0.24 0.34 0.48 0.32 0.11 0.15 0.30 0.22 0.00 1.61

0.35 0.27 0.04 0.06 0.30 0.80 0.56 0.03 0.33 0.28 0.35 0.59 0.76 0.04 0.02 0.02 0.15 0.07 0.17 0.05 0.03 0.03 0.16 0.21 0.15 0.00 2.88 0.10 0.12 0.02 0.17 0.23 0.02 0.03 1.40 1.07 0.01 0.90 0.03 0.02 0.00 0.02 0.02 1.00 14.60 0.03 0.01 0.03 1.03 1.93 0.35 0.00 0.01 0.01 0.02 0.24 0.67 0.52 0.06 0.16 1.14 0.85 0.02 0.01 0.00 0.05 0.12 0.05 0.03 0.02 0.04 2.30 0.16 0.50 0.65 0.04 0.03 0.06 0.04 0.04 0.09 0.05 0.15 0.20 0.22 0.17 0.03 0.05 0.14 0.10 0.00 0.28

2.89 3.90 + 0.13 unch 0.09 0.12 + 0.04 + 0.03 + 0.04 + 0.04 0.04 unch 0.19 unch 0.21 0.01 unch 0.01 + 0.40 + 0.28 0.52 0.39 0.25 unch 0.01 unch 13.67 + 18.36 + 0.40 unch 0.50 unch 0.04 0.06 unch 0.08 + 0.10 + 0.02 unch 0.03 unch 0.11 unch 0.06 unch 0.04 unch 1.48 + 1.10 + 0.22 0.17 0.18 + 0.10 0.08 + 0.05 + 0.27 + 0.20 unch 0.25 0.16 0.22 0.05 unch 0.03 + 0.06 + 0.05 0.06 0.07 unch 0.02 0.05 + 0.06 + 72.87 0.06 unch 0.05 unch 0.01 unch 0.09 unch 0.09 0.07 + 0.17 + 0.02 + 0.04 0.03 0.05 unch 0.04 0.02 0.02 0.01 + 0.14 + 0.19 unch 0.03 + 0.30 0.23 0.17 -

0.09 0.03 0.00 0.01 0.04 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.00 0.01 0.01 0.00 0.04 0.03 0.00 0.00 0.67 0.93 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.09 0.05 0.02 0.01 0.05 0.03 0.00 0.01 0.01 0.00 0.04 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.15 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.03

3.35 4.40 0.47 0.37 0.20 0.34 0.37 0.06 0.09 0.06 0.21 1.63 0.02 0.01 0.70 0.57 0.87 0.61 0.30 0.03 88.70 18.99 0.68 1.03 0.07 0.09 0.19 0.26 0.02 0.16 0.26 0.19 0.07 2.60 2.07 0.60 0.80 0.29 0.15 0.12 0.10 0.42 0.33 0.30 0.30 0.39 0.09 0.06 0.15 0.10 0.16 0.21 0.29 0.09 0.12 73.61 0.12 0.09 0.03 0.12 0.35 0.09 0.29 0.05 0.16 0.12 0.29 0.12 0.09 0.05 0.04 0.18 0.23 0.05 0.56 0.41 0.33

2.10 2.77 0.12 0.08 0.05 0.02 0.01 0.03 0.04 0.02 0.03 0.18 0.01 0.00 0.30 0.23 0.44 0.38 0.09 0.01 11.52 12.54 0.28 0.36 0.03 0.06 0.06 0.09 0.02 0.03 0.09 0.06 0.02 0.89 0.71 0.20 0.02 0.07 0.05 0.03 0.03 0.17 0.12 0.16 0.11 0.16 0.04 0.03 0.05 0.04 0.05 0.06 0.02 0.01 0.02 51.83 0.05 0.03 0.00 0.05 0.06 0.01 0.12 0.01 0.04 0.02 0.03 0.04 0.02 0.02 0.01 0.09 0.13 0.02 0.17 0.14 0.09

B 23857 16942 753 117 496 164 103 1463 312 35 0 25 196 16 1647 305 105 44 25 418 77474 23297 0 181 28 7 41 260 0 0 135 1 13 68 74 227 31 215 123 29 5434 1041 265 261 106 473 330 106 148 36 5 214 1699 493 924 1903 1652 251 1 6 175 0 954 246 142 120 165 96 12 475 60 256 539 703 724 60 313

2.72 3.63 0.13 0.09 0.08 0.04 0.02 0.03 0.00 0.04 0.00 0.00 0.01 0.01 0.37 0.27 0.52 0.39 0.25 0.01 12.64 16.86 0.00 0.50 0.04 0.00 0.06 0.09 0.02 0.00 0.09 0.06 0.04 1.39 1.05 0.20 0.00 0.13 0.10 0.07 0.03 0.25 0.19 0.23 0.16 0.21 0.05 0.03 0.06 0.05 0.06 0.07 0.02 0.03 0.00 71.26 0.06 0.04 0.00 0.09 0.08 0.00 0.15 0.01 0.04 0.03 0.05 0.04 0.02 0.02 0.00 0.13 0.18 0.02 0.29 0.22 0.17

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

Bluestone Res* O 108 Bluestone Res V 559 Bold Ventures V 158 Bonanza Gold* O 3938 BonTerra Res V 239 Boreal Metals V 120 Borneo Res Inv* O 12101 Bravada Gold V 84 Bravada Gold* O 98 Braveheart Res V 591 Bravo Multinat* O 30 Brazil Min* O 12416 Brigadier Gold* O 5 Brigadier Gold V 86 BrightRock* O 153 Britannia Mng* O 477 Brixton Metals V 227 Brixton Metals* O 47 Broadway Gold* O 52 Broadway Gold V 140 Brookmount Exp*O 508 Bryn Res* O 352 BTU Metals V 163 Buenaventura* N 4743 Buffalo Coal V 75 Bullfrog Gold* O 120 Bullman Min V 51 Bunker Hill 120 BWR Explor V 128

0.95 1.26 0.02 0.00 2.00 0.10 0.00 0.07 0.06 0.10 0.69 0.00 0.13 0.18 0.00 0.00 0.19 0.14 0.08 0.11 0.01 0.09 0.11 17.77 0.01 0.10 0.12 0.06 0.05

0.91 1.20 0.00 0.00 1.97 0.09 0.00 0.00 0.00 0.10 0.51 0.00 0.13 0.13 0.00 0.00 0.16 0.12 0.05 0.09 0.01 0.07 0.10 16.59 0.01 0.09 0.08 0.05 0.05

0.91 + 1.23 0.02 + 0.00 + 1.98 unch 0.09 0.00 + 0.06 0.06 0.10 unch 0.55 0.00 0.13 unch 0.15 unch 0.00 0.00 + 0.18 unch 0.14 0.08 + 0.10 0.01 0.07 0.11 + 17.40 + 0.01 unch 0.10 + 0.12 + 0.05 unch 0.05 unch

Cabral Gold V 74 Cabral Gold* O 63 Cache Explor* O 5 Cache Explor V 1188 Cadillac Vent V 57 Caledonia Mng* X 43 Caledonia Mng T 15 Calibre Mng V 299 Calibre Mng* O 75 California Gld* O 60 California Gld 0 Callinex Mines* O 83 Callinex Mines V 105 Cameco Corp* N 6874 Cameco Corp T 3991 Cameo Cobalt* O 2928 Cameo Cobalt V 6838 Camino Min* O 287 Camino Min V 45 Camrova Res* O 8 Canada Carbon V 254 Canada Carbon* O 10 Canada Coal V 1 Canada Cobalt * O 88 Canada Cobalt V 1284 Canada One V 35 Canada One* O 1 Canada Rare* O 39 Canada Rare V 378 Canadian Engy V 165 Canadian Metal 192 Canadian Metal* O 35 Canadian Ore V 224 Canadian Ore* O 34 Canadian Prem V 57 CanAlaska Uran* O 68 CanAlaska Uran V 429 Canamex Gold 196 Canamex Gold* O 10 Canarc Res T 193 Canarc Res* O 51 Canasil Res V 216 Candelaria Mg* O 5 Candelaria Mg V 6 Candente Coppr T 450 Candente Gold* O 12 Candente Gold V 221 CANEX Metals * O 3 CANEX Metals V 98 CaNickel Mng V 56 CaNickel Mng* O 0 Canoe Mng Vent V 142 Canoe Mng Vent*O 18 Canstar Res* O 76 Canstar Res V 178 Canterra Mnls V 102 Cantex Mn Dev V 508 Cantex Mn Dev* O 38 Canuc Res V 224 Canuc Res* O 70 Capstone Mng T 1684 Cardero Res V 387 Cardero Res* O 16 Cardinal Res* O 75 Cardinal Res T 166 Cariboo Rose V 70 Carlin Gold V 46 Carrara Explor 4754 Cartier Iron 128 Cartier Res V 354 Carube Copper V 165 Casa Minerals V 25 Casa Minerals * O 73 Cascadero Copp V 88 CAT Strategic 361 Cautivo Mining 6 CellCube Enrgy* O 1490 CellCube Enrgy 9205 Centamin T 134 Centaurus Diam* O 125 Centenera Mng* O 10 Centenera Mng V 263 Centerra Gold T 3550 Central Iron V 185 Central Tim Ex V 185 Centurion Mnls V 32 Century Cobalt* O 74 Century Global T 12 Century Global* O 1 Cerro de Pasc 573 Cerro de Pasc * O 18 Cerro Grande* O 150 Cerro Grande 108 Cerro Mng V 0 Ceylon Graph V 45 Chakana Copper V 304 Chakana Copper*O 54 Chalice Gold M* O 4 Chalice Gold M T 81 Champion Bear V 462 Champion Bear* O 31 Champion Iron T 3565 Champion Iron* O 246 Chatham Rock V 105 Chesapeake Gld*O 17 Chesapeake Gld V 18 Chevron Corp* N 28226 Chiboug Ind Mn V 652 Chiboug Ind Mn* O 127 Chilean Metals V 1048 Chilean Metals* O 3 China Gold Int T 402 CIM Intl Grp 4 Cipher Res V 69 Clarmin Explor V 968 Clean Comm* O 4 Clean Comm V 1836 Cleghorn Mnls V 254 Cleveland-Clif* N 55773 Cliffmont Res V 27 Clifton Mng* O 694 Cloud Peak En* N 55620 CMC Metals* O 3 CMC Metals V 259 CNRP Mng* O 1594 CNRP Mng 2068 Cobalt 27 Cap V 1577 Cobalt Block V 122 Cobalt Block* O 29 Coeur Mng* N 14202 Colibri Res* O 6 Colibri Res V 45 Colombia Crest V 2 Colombia Crest* O 1 Colonial Coal V 541 Colorado Res V 195 Colorado Res* O 40 Columbus Gold T 107 Columbus Gold* O 131 Comet Inds V 2

0.22 0.21 0.21 unch 0.17 0.16 0.16 unch 0.03 0.03 0.03 unch 0.03 0.03 0.03 unch 0.02 0.02 0.02 unch 6.42 5.71 6.07 + 8.10 7.73 7.90 0.58 0.46 0.56 + 0.44 0.35 0.42 + 0.25 0.21 0.25 + 0.00 0.00 0.30 unch 0.07 0.05 0.07 + 0.10 0.09 0.09 12.59 11.73 11.81 16.79 15.74 15.85 0.10 0.08 0.10 + 0.13 0.12 0.13 unch 0.10 0.09 0.09 0.14 0.13 0.13 unch 0.01 0.00 0.01 unch 0.12 0.11 0.11 0.09 0.00 0.09 0.00 0.00 0.03 unch 0.30 0.27 0.29 0.41 0.36 0.39 0.05 0.04 0.05 + 0.03 0.03 0.03 unch 0.04 0.03 0.03 0.05 0.00 0.05 0.10 0.00 0.10 unch 0.06 0.06 0.06 0.05 0.05 0.05 unch 0.36 0.32 0.33 0.27 0.23 0.25 1.41 0.00 1.35 0.22 0.20 0.21 0.29 0.27 0.28 0.07 0.06 0.07 unch 0.05 0.05 0.05 unch 0.07 0.06 0.06 0.05 0.05 0.05 + 0.08 0.07 0.07 + 0.26 0.26 0.26 unch 0.37 0.35 0.37 + 0.06 0.05 0.05 unch 0.02 0.01 0.01 0.03 0.00 0.03 unch 0.03 0.03 0.03 unch 0.05 0.00 0.05 + 0.09 0.09 0.09 unch 0.00 0.00 0.08 unch 0.03 0.00 0.03 unch 0.01 0.01 0.01 0.06 0.05 0.05 0.09 0.06 0.06 0.03 0.00 0.03 + 2.20 1.00 1.66 + 1.38 0.71 1.38 + 0.05 0.04 0.05 + 0.03 0.02 0.02 0.69 0.63 0.64 0.06 0.06 0.06 0.04 0.00 0.04 unch 0.26 0.26 0.26 unch 0.36 0.35 0.35 unch 0.04 0.04 0.04 unch 0.02 0.00 0.02 unch 0.05 0.04 0.05 + 0.09 0.09 0.09 + 0.14 0.13 0.13 unch 0.05 0.05 0.05 unch 0.18 0.14 0.14 0.10 0.10 0.10 unch 0.03 0.03 0.03 unch 0.06 0.04 0.04 0.10 0.00 0.10 unch 0.15 0.11 0.12 0.21 0.16 0.16 1.64 1.58 1.63 + 0.34 0.18 0.22 0.03 0.02 0.02 + 0.04 0.03 0.03 7.48 6.87 7.44 + 0.03 0.03 0.03 unch 0.07 0.07 0.07 unch 0.01 0.01 0.01 unch 0.14 0.11 0.11 0.21 0.17 0.21 + 0.16 0.16 0.16 unch 0.31 0.29 0.29 0.23 0.23 0.23 + 0.00 0.00 0.00 unch 0.01 0.00 0.01 unch 0.00 0.00 0.14 unch 0.17 0.00 0.15 0.44 0.40 0.43 0.34 0.31 0.32 + 0.10 0.00 0.10 unch 0.14 0.14 0.14 0.20 0.10 0.16 0.13 0.12 0.12 1.94 1.82 1.87 + 1.48 1.38 1.40 + 0.15 0.13 0.13 1.50 1.45 1.49 + 2.05 1.92 2.00 126.92 122.70 123.09 0.05 0.05 0.05 0.04 0.04 0.04 + 0.04 0.03 0.03 0.03 0.00 0.02 1.88 1.80 1.82 unch 0.20 0.20 0.20 unch 0.07 0.05 0.07 + 0.11 0.10 0.10 0.02 0.01 0.02 + 0.03 0.03 0.03 unch 0.11 0.06 0.11 + 10.61 9.30 9.30 0.13 0.13 0.13 unch 0.12 0.07 0.11 + 0.24 0.16 0.19 0.06 0.03 0.05 + 0.10 0.08 0.10 + 0.38 0.22 0.29 + 0.52 0.31 0.38 + 4.02 3.86 3.92 unch 0.12 0.09 0.12 + 0.09 0.06 0.08 + 4.87 4.50 4.56 0.04 0.03 0.03 0.06 0.00 0.06 + 0.20 0.00 0.20 unch 0.14 0.00 0.14 + 0.52 0.44 0.44 0.06 0.06 0.06 0.04 0.04 0.04 0.22 0.20 0.21 0.16 0.14 0.15 3.00 3.00 3.00 unch

(100s)

High Low

Stock

0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.01 0.26 0.00 0.00 0.03 0.00 0.00

1.16 1.60 0.04 0.00 5.60 0.25 0.00 0.11 0.09 0.12 0.95 0.00 0.15 0.26 0.01 0.00 0.34 0.27 0.17 0.23 0.03 0.10 0.14 17.59 0.03 0.18 0.13 1.95 0.07

0.81 1.05 0.02 0.00 1.91 0.04 0.00 0.05 0.04 0.06 0.02 0.00 0.10 0.05 0.00 0.00 0.13 0.10 0.02 0.06 0.00 0.00 0.04 11.67 0.01 0.04 0.04 0.03 0.03

0.00 0.00 0.00 0.00 0.00 0.07 0.10 0.07 0.06 0.05 0.00 0.01 0.01 0.61 0.71 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.01 0.02 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.04 0.05 0.05 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.02 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.03 0.02 0.66 0.67 0.01 0.00 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.04 0.00 0.00 0.01 0.00 0.01 0.02 0.03 0.08 0.00 0.01 0.29 0.00 0.00 0.00 0.01 0.04 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.02 0.07 0.01 0.04 0.01 0.01 0.01 0.07 2.22 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.05 0.66 0.00 0.03 0.04 0.02 0.02 0.06 0.07 0.00 0.02 0.00 0.17 0.01 0.01 0.00 0.12 0.05 0.01 0.01 0.02 0.01 0.00

0.44 0.32 0.04 0.06 0.04 9.94 12.50 0.90 0.55 0.28

0.18 0.14 0.01 0.03 0.01 5.01 6.63 0.30 0.03 0.13

0.24 0.31 13.04 17.12 0.96 0.43 0.26 0.41 0.09 0.18 0.13 0.12 0.79 0.90 0.13 0.11 0.08 0.10 0.25 0.20 0.06 0.45 0.34 3.98 0.35 0.45 0.17 0.13 0.08 0.06 0.13 0.71 0.90 0.10 0.04 0.05 0.06 0.08 0.16 0.10 0.04 0.02 0.19 0.30 0.04 1.60 1.10 0.23 0.17 1.31 0.16 0.12 0.44 0.63 0.04 0.04 0.17 0.13 0.20 0.10 0.24 0.10 0.12 0.15 0.39 0.60 0.76 2.96 1.00 0.16 0.20 8.21 0.05 0.20 0.04 0.20 0.23 0.17 0.37 0.26 0.01 0.02 0.21 0.23 1.01 0.79 0.14 0.17 0.25 0.17 1.94 1.50 0.32 2.34 3.02 131.08 0.08 0.05 0.24 0.12 2.87 0.63 0.14 0.22 0.07 0.09 0.14 13.10 0.90 0.12 4.10 0.06 0.13 1.58 2.02 13.75 0.40 0.32 8.89 0.06 0.10 0.60 0.14 0.58 0.19 0.15 0.43 0.34 3.60

0.05 0.08 8.87 11.42 0.03 0.05 0.07 0.09 0.00 0.07 0.00 0.03 0.01 0.19 0.04 0.03 0.02 0.04 0.09 0.05 0.04 0.14 0.15 1.06 0.19 0.25 0.05 0.03 0.03 0.02 0.06 0.25 0.23 0.05 0.01 0.02 0.02 0.03 0.06 0.03 0.02 0.01 0.05 0.06 0.02 0.15 0.01 0.04 0.02 0.48 0.05 0.04 0.26 0.34 0.02 0.02 0.03 0.07 0.11 0.04 0.12 0.10 0.03 0.05 0.08 0.06 0.09 1.40 0.05 0.01 0.03 4.76 0.02 0.06 0.01 0.01 0.11 0.13 0.22 0.16 0.00 0.01 0.13 0.12 0.25 0.19 0.08 0.10 0.10 0.10 0.89 0.70 0.14 1.10 1.51 100.22 0.04 0.03 0.03 0.01 1.46 0.19 0.05 0.10 0.01 0.03 0.06 6.40 0.11 0.04 0.16 0.01 0.04 0.20 0.27 3.27 0.07 0.05 3.80 0.01 0.03 0.11 0.01 0.18 0.05 0.03 0.18 0.14 2.60

Exc Volume

Week High

Low

393 Commander Res V 11 Commander Res*O 209 Commerce Res* O 227 Commerce Res V 115 Compass Gold V Comstock Mng* X 5401 Comstock Mtls V 1282 25 Comstock Mtls * O 20 Condor Gold* O 73 Condor Gold T 219 V Condor Res 60 Condor Res* O 21 Confedertn Ml* O 38 Confedertn Mls V 21 Conquest Res * O 101 Conquest Res V 10 Cons Woodjam V 126 CONSOL Coal Rs*N CONSOL Energy*N 12031 CONSOL Energy*N 1240 58 Constantine Mt* O 34 Constantine Mt V 52 Contact Gold* O 47 Contact Gold V 172 Contact Mnrls* O Contintl Gold T 3696 434 Contintl Gold* O 1 Copper Fox Mtl* O 877 Copper Fox Mtl V 40 Copper Lake Rs V 718 Copper Mtn Mng T 9 Copper Mtn Mng*O 0 Copper North M* O 337 Copper North M V V 1768 Copper One 2 Copper One * O 15 Copper Reef Mg 1178 Copperbank Res 454 Copperbank Res*O 25 O Coral Gold * 141 V Coral Gold 427 Cordoba Mnls V 117 Cordoba Mnls* O 553 V Core Gold 405 O Core Gold* 5 Core Lithium* O Cornerstone Ca V 8197 909 Cornerstone Ca* O T 1590 Coro Mining 31 V Corsa Coal 7 O Corsa Coal * 87 Corvus Gold* O 343 T Corvus Gold 34 V CR Capital 0 Crazy Horse Res*O 32 Crest Resource 130 V Cresval Cap 12 Critical Elem* O 418 V Critical Elem 178 V CROPS 25 Crown Mining* O 317 Crown Mining V 605 V Cruz Cobalt 242 Cruz Cobalt* O V 2151 Crystal Lake 373 Crystal Lake* O 78 Crystal Peak* O 45 V Crystal Peak 0 CTGX Mining* O 84 Currie Rose Rs V 5 CWN M’g Acq V 10 Cyntar Venture 111 Cypress Dev* O 964 V Cypress Dev

0.10 0.07 0.05 0.07 0.13 0.20 0.04 0.03 0.32 0.45 0.06 0.05 0.17 0.26 0.01 0.03 0.08 17.94 11.12 38.12 0.35 0.47 0.23 0.30 0.30 3.13 2.35 0.08 0.11 0.02 1.06 0.78 0.00 0.06 0.15 0.09 0.03 0.07 0.05 0.29 0.40 0.11 0.08 0.25 0.19 0.22 0.40 0.28 0.11 0.86 0.67 1.76 2.35 0.06 0.00 0.13 0.03 0.45 0.65 0.04 0.08 0.11 0.06 0.04 0.33 0.25 0.15 0.20 0.00 0.07 0.05 0.11 0.14 0.19

0.09 0.07 0.04 0.06 0.12 0.16 0.04 0.03 0.00 0.45 0.05 0.05 0.15 0.13 0.01 0.02 0.00 17.11 10.25 35.20 0.34 0.44 0.20 0.27 0.02 2.73 2.07 0.08 0.10 0.02 0.96 0.77 0.00 0.06 0.12 0.09 0.03 0.06 0.04 0.28 0.38 0.11 0.08 0.22 0.16 0.22 0.30 0.23 0.10 0.86 0.64 1.60 2.14 0.04 0.00 0.11 0.02 0.00 0.54 0.03 0.08 0.00 0.05 0.03 0.26 0.20 0.13 0.17 0.00 0.06 0.05 0.11 0.12 0.17

216 V Dajin Res 956 O Dajin Res* 5 Dakota Ter Res* O 14 O Daleco Res* 0 Damara Gold* O 55 O Danakali* 26 Debut Dmds 238 V Decade Res 35 Decade Res* O 10 Deep-South Res V 435 DeepRock Min 44 Defense Metals* O 291 Defense Metals V 681 Defiance Silvr V 512 Defiance Silvr* O 148 V Delrand Res 25 Delrey Metals * O 447 Delrey Metals Denison Mines T 2645 Denison Mines* X 3836 4 Desert Gold* O 742 V Desert Gold 46 O Desert Lion* V 1435 Desert Lion 106 Desert Mtn Egy V T 3593 Detour Gold 60 Diamante Min* O 53 Diamcor Mng V 36 Diamcor Mng* O 104 Diamond Disc* O 50 Diamond Fields V 50 Diamond Fields* O 165 V Dios Expl 153 Discovery Harb V 70 Discovery Met V Discovery Mnls* O 85422 122 Discovery-Corp V 0 District Cop* O 97 V District Cop 1 Ditem Explor* O 10 Diversified Rs* O 565 DNI Metals 202 O DNI Metals* 209 Dolat Ventures* O 57 Dolly Vard Sil* O 44 Dolly Vard Sil V 81 Doubleview Cap*O 152 Doubleview Cap V N 1388 DRDGOLD* 5 Duncan Park H V Dundee Prec Mt T 1356 10 Dunnedin Vent* O 56 Durango Res V 420 Durango Res* O 125 DV Resources V 64 Dynacor Gld Mn T 17 Dynacor Gld Mn* O 3 DynaResource* O 114 Dynasty Gold V 1 Dynasty Gold* O 10 E-Energy Vent* O 141 V E3 Metals 1 O E3 Metals* 17 Eagle Graphite V 331 V Eagle Plains 97 V East Africa 15 O East Africa * 55 East Asia Mnls* O East Asia Mnls V 2717 62 Eastern Platin T 3 Eastern Platin* O 35 Eastern Zinc 770 Eastfield Res V 167 Eastmain Res* O 585 Eastmain Res T 25 Eco Oro Mnls 279 Eco Oro Mnls* O 637 eCobalt Solns T 483 eCobalt Solns* O 1 Edgewater Expl* O 24 Edison Cobalt* O 498 Edison Cobalt V El Capitan Prc* O 4261 3 El Nino Vent* O 137 V El Nino Vent 413 Elcora Adv Mat V 344 O Elcora Res* Eldorado Gold* N 7431 Eldorado Gold T 4420 1 O Eloro Res* 68 V Eloro Res 608 Ely Gold Royal V 487 Ely Gold Royal* O 2 V Elysee Dev 6 O Elysee Dev *

0.07 0.06 0.06 0.04 0.08 0.05 0.00 0.00 0.00 0.00 0.59 0.00 0.01 0.01 0.04 0.03 0.03 0.03 0.09 0.00 0.06 0.05 0.25 0.14 0.21 0.19 0.23 0.20 0.18 0.15 0.49 0.36 0.16 0.16 0.24 0.18 0.75 0.69 0.56 0.52 0.15 0.14 0.20 0.18 0.09 0.07 0.12 0.09 0.19 0.18 13.36 12.67 0.03 0.03 0.19 0.16 0.14 0.12 0.00 0.00 0.16 0.12 0.12 0.11 0.07 0.06 0.05 0.04 0.24 0.22 0.00 0.00 0.02 0.01 0.00 0.00 0.03 0.00 0.00 0.00 0.01 0.01 0.06 0.05 0.05 0.03 1.80 0.81 0.31 0.29 0.42 0.39 0.12 0.12 0.16 0.16 2.00 1.71 0.25 0.00 4.76 4.43 0.07 0.06 0.08 0.00 0.06 0.06 0.08 0.08 1.75 1.68 1.31 1.29 1.08 0.00 0.13 0.10 0.08 0.00 0.00 0.00 0.45 0.00 0.31 0.26 0.10 0.09 0.10 0.09 0.19 0.18 0.15 0.15 0.06 0.04 0.09 0.06 0.24 0.22 0.18 0.18 0.13 0.13 0.05 0.00 0.11 0.10 0.15 0.14 0.12 0.11 0.09 0.08 0.41 0.35 0.31 0.25 0.07 0.07 0.04 0.04 0.06 0.04 0.01 0.01 0.02 0.02 0.04 0.03 0.12 0.10 0.09 0.07 4.74 4.38 6.32 5.85 0.24 0.00 0.28 0.00 0.20 0.17 0.15 0.13 0.38 0.00 0.29 0.00

Last

12-month Change

High Low

0.25 0.16 0.07 0.08 0.74 0.40 0.08 0.06 0.80 1.03 0.12 0.09 0.32 0.42 0.03 0.04 0.09 21.13 18.37 48.12 0.65 0.83 0.38 0.50 0.45 3.98 3.02 0.10 0.13 0.06 1.45 1.12 0.05 0.06 0.18 0.14 0.03 0.10 0.08 0.34 0.44 0.29 0.23 0.35 0.28 0.80 0.40 0.28 0.12 1.80 1.40 2.72 3.39 0.15 0.15 0.15 0.05 0.96 1.25 0.12 0.12 0.19 0.31 0.28 0.90 0.64 0.34 0.44 0.25 0.20 0.18 0.15 0.34 0.43

0.07 0.02 0.04 0.05 0.11 0.12 0.03 0.01 0.30 0.44 0.05 0.04 0.15 0.13 0.00 0.01 0.03 13.50 9.58 26.62 0.12 0.39 0.20 0.27 0.02 1.76 1.33 0.06 0.08 0.01 0.65 0.48 0.02 0.03 0.10 0.07 0.02 0.04 0.03 0.16 0.32 0.10 0.07 0.19 0.14 0.22 0.14 0.03 0.05 0.61 0.37 1.48 1.92 0.02 0.08 0.10 0.02 0.40 0.54 0.03 0.06 0.07 0.05 0.03 0.24 0.18 0.12 0.16 0.10 0.05 0.03 0.08 0.13 0.17

0.10 0.07 0.05 0.07 unch 0.13 unch 0.20 + 0.04 unch 0.03 unch 0.29 0.45 unch 0.05 0.05 unch 0.15 0.21 0.01 + 0.02 unch 0.07 17.44 10.32 35.22 0.34 0.46 + 0.20 0.27 0.30 + 2.88 2.11 0.08 unch 0.10 0.02 unch 0.99 0.77 0.02 unch 0.06 + 0.15 unch 0.09 unch 0.03 unch 0.06 0.05 0.28 0.39 + 0.11 0.08 0.22 0.16 0.22 unch 0.36 + 0.26 + 0.11 0.86 unch 0.67 + 1.74 + 2.32 + 0.04 unch 0.10 unch 0.13 + 0.02 0.45 0.65 + 0.04 + 0.08 + 0.11 + 0.06 + 0.04 0.28 unch 0.21 0.13 0.20 + 0.10 unch 0.06 0.05 unch 0.11 unch 0.13 0.17 -

0.01 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.03 0.00 0.01 0.00 0.01 0.05 0.00 0.00 0.01 0.01 0.41 2.16 0.01 0.02 0.01 0.03 0.15 0.01 0.05 0.00 0.01 0.00 0.03 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.04 0.03 0.01 0.00 0.01 0.13 0.18 0.00 0.00 0.02 0.01 0.01 0.08 0.01 0.00 0.01 0.01 0.00 0.00 0.04 0.02 0.02 0.00 0.01 0.00 0.00 0.01 0.02

0.06 0.04 0.07 unch 0.00 0.03 unch 0.55 + 0.01 unch 0.04 unch 0.03 unch 0.09 unch 0.05 unch 0.15 0.19 0.22 + 0.16 + 0.49 + 0.16 unch 0.21 unch 0.69 0.52 0.15 + 0.19 0.07 0.09 0.18 unch 13.19 + 0.03 0.16 0.12 0.00 0.14 + 0.12 + 0.06 unch 0.05 + 0.22 0.00 unch 0.01 0.02 unch 0.03 0.00 unch 0.01 unch 0.06 + 0.05 + 1.20 + 0.30 0.40 0.12 + 0.16 1.96 + 0.21 4.68 + 0.07 + 0.08 0.06 + 0.08 unch 1.74 1.30 1.08 0.13 + 0.08 + 0.00 unch 0.45 + 0.31 + 0.09 0.10 + 0.18 0.15 unch 0.04 0.09 + 0.24 0.18 unch 0.13 unch 0.05 0.11 0.14 0.12 + 0.08 unch 0.35 0.27 0.07 unch 0.04 + 0.05 unch 0.01 + 0.02 0.03 0.10 unch 0.07 unch 4.62 + 6.22 + 0.24 unch 0.26 0.19 + 0.13 0.38 + 0.29 +

0.01 0.13 0.04 0.00 0.10 0.03 0.00 0.19 0.03 0.00 0.00 0.00 0.00 0.04 0.03 0.01 0.69 0.44 0.00 0.03 0.01 0.00 0.10 0.03 0.00 0.07 0.02 0.00 0.38 0.06 0.00 0.10 0.05 0.00 0.25 0.14 0.01 0.25 0.12 0.02 0.44 0.17 0.01 0.35 0.12 0.09 1.05 0.25 0.00 0.16 0.16 0.00 0.50 0.19 0.04 0.89 0.55 0.01 0.69 0.43 0.01 0.14 0.12 0.01 0.23 0.14 0.01 1.07 0.05 0.03 1.46 0.04 0.00 0.27 0.10 0.18 15.40 9.11 0.02 0.24 0.02 0.04 0.50 0.13 0.03 0.41 0.11 0.00 0.00 0.00 0.01 0.16 0.07 0.02 0.12 0.04 0.00 0.19 0.05 0.01 0.08 0.01 0.01 0.42 0.17 0.00 0.00 0.00 0.01 0.03 0.01 0.00 0.16 0.02 0.01 0.21 0.03 0.00 0.00 0.00 0.00 0.05 0.01 0.01 0.11 0.04 0.00 0.08 0.03 0.10 2.88 0.10 0.02 0.60 0.22 0.03 0.75 0.29 0.00 0.12 0.07 0.01 0.17 0.07 0.05 2.95 1.71 0.07 0.60 0.20 0.16 4.79 2.56 0.02 0.25 0.05 0.01 0.10 0.04 0.00 0.07 0.04 0.00 0.45 0.07 0.01 1.98 1.41 0.00 1.55 1.02 0.02 1.25 0.75 0.02 0.24 0.10 0.00 0.19 0.07 0.00 0.00 0.00 0.07 0.58 0.23 0.05 0.35 0.22 0.01 0.32 0.07 0.01 0.29 0.08 0.03 0.29 0.14 0.00 0.18 0.10 0.01 0.08 0.02 0.02 0.10 0.03 0.01 0.43 0.17 0.00 0.37 0.12 0.00 0.56 0.09 0.01 0.07 0.03 0.00 0.23 0.10 0.01 0.29 0.13 0.01 0.33 0.10 0.00 0.77 0.00 0.06 1.74 0.25 0.02 1.38 0.19 0.00 0.12 0.07 0.00 0.19 0.03 0.00 0.25 0.05 0.00 0.04 0.00 0.00 0.05 0.02 0.01 0.06 0.03 0.00 0.40 0.06 0.00 0.32 0.05 0.12 6.05 2.52 0.23 7.75 3.36 0.00 0.61 0.24 0.02 0.88 0.25 0.01 0.20 0.09 0.01 0.15 0.07 0.02 0.42 0.31 0.02 0.33 0.23

D-F

2019-03-25 11:27 AM

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

Emerita Res V 251 Emgold Mng V 238 Emgold Mng* O 51 Empire Metals* O 0 Empire Metals V 52 EMX Royalty* X 232 EMX Royalty V 46 Encanto Potash* O 61 Encanto Potash V 166 EnCore Energy V 314 Endeavour Mng T 1304 Endeavour Mng* O 30 Endeavr Silver* N 5352 Endeavr Silver T 1677 Endurance Gold* O 13 Endurance Gold V 214 Energy Fuels* X 5308 Energy Fuels T 1148 Enforcer Gold V 839 Engineer Gold V 99 Engold Mines V 103 Engold Mines* O 105 Ensurge* O 79 Entree Res* X 164 Entree Res T 102 ePower Metals* O 0 ePower Metals V 38 Equinox Gold V 2193 Equitorial Ex V 229 Equitorial Ex* O 150 Erdene Res Dev* O 24 Erdene Res Dev T 214 Erin Ventures* O 10 Erin Ventures V 502 Ero Copper T 1923 Ero Copper* O 20 Eros Res Corp* O 3 Eros Res Corp V 39 Eros Res Corp V 39 Eskay Mng V 687 Essex Minerals V 70 Ethos Gold* O 11 Ethos Gold V 162 Etruscus Res 106 Euro Manganese V 332 Euro Sun Mg T 1448 Euro Sun Mg* O 42 EurOmax Res T 8 EurOmax Res* O 1 European Elect V 78 European Elect* O 236 European Metal* O 363 Eurotin V 1075 Everton Res* O 55 Everton Res V 621 EVI Global Grp 3198 Evolving Gold* O 6 Evrim Res V 595 Excellon Res T 417 Excellon Res* O 291 Excelsior Mng* O 219 Excelsior Mng T 627 ExGen Res Inc V 1040 Explor Res* O 62 Explor Res V 131 Explorex Res* O 5 Explorex Res 193 Fabled Copper V 20 Falco Res V 859 Falco Res * O 31 Falcon Gold V 353 Fancamp Expl V 177 Far Res* O 87 Far Res 1924 Fengro Industr* O 5 Fengro Industr V 290 Fidelity Min V 815 Fidelity Min* O 37 Filo Mg Corp * O 9 Filo Mg Corp V 53 Finlay Minrls V 138 Fiore Gold* O 181 Fiore Gold V 340 Fire River Gol* O 20 Firebird Res V 11 FireFox Gold V 257 Firestone Vent V 4 Fireweed Zinc V 152 Fireweed Zinc* O 13 Firma Holdings* O 5 First Cobalt * O 634 First Cobalt V 6556 First Colombia* O 4500 First Energy 47 First Energy* O 0 First Majestic* N 16743 First Majestic T 3374 First Mexican V 159 First Mg Fin T 1520 First Mg Fin * O 977 First Point* O 3 First Quantum T 13161 First Vanadium V 573 First Vanadium* O 343 Fission 3.0 V 913 Fission 3.0* O 84 Fission Uran* O 1329 Fission Uran T 2144 Five Star Diam V 164 Fjordland Exp* O 7 Fjordland Exp V 6 Flowery Gold* O 2 Focus Graphite* O 1071 Focus Graphite V 430 Foran Mng V 19 Forsys Metals T 97 Fort St J Nick V 5 Fort St James* O 1 Fortescue Met* O 31 Fortuna Silvr T 2298 Fortuna Silvr* N 5712 Fortune Bay V 2 Fortune Bay* O 2 Fortune Mnrls* O 408 Fortune Mnrls T 888 Forum Energy V 2106 Forum Energy* O 87 Four Nines 1 Fox River Res 20 Fox River Res* O 1 FPX Nickel V 431 Franco-Nevada* N 4596 Franco-Nevada T 3660 Franklin Mng* O 10 Freedom Egy V 28 Freegold Vent T 319 Freeport McMoR*N 88898 Freeport Res V 1 Fremont Gold V 308 Fremont Gold* O 98 Fresnillo plc* O 19 Frontier Lith V 64 Frontline Gold V 211 Full Metal Mnl* O 1 Fura Gems V 309 Fura Gems* O 18 Fusion Gold V 20

THE NORTHERN MINER / APRIL 1â&#x20AC;&#x201C;14, 2019

High

Low

Last

0.03 0.02 0.03 + 0.20 0.14 0.19 + 0.13 0.11 0.13 + 0.00 0.00 0.13 unch 0.19 0.00 0.17 1.24 1.18 1.20 1.63 1.57 1.60 0.11 0.10 0.11 0.16 0.15 0.15 0.15 0.13 0.14 + 20.77 18.72 20.28 + 15.07 14.20 15.07 + 2.85 2.54 2.77 + 3.81 3.41 3.71 + 0.03 0.02 0.02 0.05 0.03 0.03 3.34 3.05 3.16 4.43 4.09 4.25 0.05 0.04 0.05 0.10 0.09 0.09 + 0.11 0.09 0.10 0.07 0.07 0.07 unch 0.04 0.02 0.04 0.39 0.37 0.37 0.52 0.50 0.50 0.13 0.00 0.13 unch 0.17 0.17 0.17 1.28 1.22 1.27 + 0.03 0.03 0.03 unch 0.02 0.02 0.02 unch 0.16 0.15 0.15 0.22 0.21 0.22 + 0.11 0.09 0.10 + 0.15 0.11 0.14 16.44 15.17 15.21 12.08 11.41 11.41 0.06 0.00 0.06 + 0.09 0.00 0.09 unch 0.09 0.00 0.09 unch 0.17 0.07 0.14 + 0.07 0.05 0.07 + 0.18 0.14 0.18 unch 0.24 0.20 0.23 0.28 0.26 0.27 0.27 0.25 0.26 unch 0.47 0.33 0.42 + 0.33 0.26 0.32 + 0.08 0.00 0.08 unch 0.07 0.06 0.07 unch 0.11 0.09 0.10 0.08 0.06 0.07 0.00 0.00 0.00 unch 0.02 0.02 0.02 0.03 0.02 0.02 0.04 0.03 0.04 unch 1.53 1.00 1.25 0.05 0.05 0.05 + 0.32 0.30 0.31 1.08 0.94 0.94 0.83 0.71 0.72 0.84 0.79 0.79 1.12 1.05 1.05 0.02 0.02 0.02 0.02 0.00 0.02 + 0.03 0.03 0.03 0.23 0.20 0.20 0.32 0.28 0.31 0.08 0.08 0.08 + 0.35 0.31 0.33 unch 0.25 0.23 0.25 unch 0.04 0.03 0.04 + 0.10 0.08 0.10 + 0.09 0.08 0.09 + 0.13 0.10 0.12 + 0.02 0.02 0.02 unch 0.03 0.03 0.03 unch 0.08 0.06 0.06 0.05 0.05 0.05 unch 1.79 0.00 1.79 + 2.69 0.00 2.53 + 0.04 0.04 0.04 unch 0.26 0.22 0.25 + 0.35 0.31 0.33 + 0.05 0.00 0.05 0.02 0.00 0.02 unch 0.27 0.20 0.27 + 0.06 0.00 0.06 0.93 0.88 0.92 + 0.70 0.67 0.70 + 0.02 0.01 0.02 + 0.14 0.12 0.13 0.19 0.17 0.18 0.00 0.00 0.00 unch 0.20 0.00 0.15 0.00 0.00 0.08 unch 7.07 6.54 6.89 + 9.42 8.73 9.26 + 0.02 0.01 0.02 unch 0.40 0.36 0.39 0.30 0.27 0.29 0.12 0.12 0.12 unch 15.10 13.92 14.10 0.62 0.53 0.53 0.47 0.41 0.41 0.11 0.10 0.11 unch 0.08 0.07 0.08 + 0.42 0.36 0.40 + 0.55 0.49 0.51 + 0.08 0.06 0.07 0.05 0.04 0.05 0.08 0.00 0.08 unch 0.10 0.10 0.10 0.03 0.03 0.03 0.04 0.03 0.04 + 0.28 0.00 0.28 unch 0.25 0.23 0.24 0.18 0.17 0.17 unch 0.13 0.13 0.13 unch 4.87 0.00 4.60 + 5.12 4.70 4.91 3.84 3.53 3.66 0.22 0.00 0.22 0.16 0.00 0.15 0.11 0.09 0.09 0.14 0.12 0.12 0.05 0.03 0.04 0.04 0.03 0.04 + 0.25 0.25 0.25 unch 0.07 0.07 0.07 unch 0.04 0.04 0.04 unch 0.17 0.14 0.17 + 77.36 70.95 75.90 103.23 94.64 101.94 0.00 0.00 0.00 unch 0.03 0.00 0.03 unch 0.07 0.06 0.07 13.04 12.11 12.18 0.00 0.00 0.10 unch 0.14 0.12 0.12 0.11 0.10 0.10 11.21 10.50 10.97 0.36 0.33 0.34 + 0.01 0.01 0.01 0.00 0.00 0.00 unch 0.35 0.30 0.32 0.25 0.23 0.24 0.14 0.14 0.14 unch

High Low

0.01 0.13 0.02 0.04 0.22 0.05 0.00 0.15 0.03 0.00 0.13 0.13 0.02 0.24 0.11 0.03 1.47 0.84 0.03 1.80 1.01 0.00 0.22 0.02 0.01 0.40 0.14 0.01 0.17 0.05 0.88 24.73 16.34 0.57 19.08 12.38 0.17 3.35 1.76 0.26 4.40 2.27 0.01 0.06 0.02 0.01 0.09 0.03 0.05 4.09 1.51 0.02 5.38 1.95 0.01 0.27 0.04 0.01 0.12 0.05 0.01 0.28 0.09 0.00 0.21 0.07 0.00 0.09 0.02 0.01 0.48 0.33 0.01 0.61 0.42 0.00 0.23 0.12 0.01 0.31 0.14 0.06 1.29 0.85 0.00 0.11 0.02 0.00 0.08 0.02 0.01 0.40 0.14 0.02 0.53 0.18 0.00 0.22 0.08 0.02 0.30 0.09 1.31 17.75 7.23 1.12 13.06 5.77 0.00 0.10 0.05 0.00 0.14 0.07 0.00 0.14 0.07 0.06 0.38 0.07 0.03 0.20 0.03 0.00 0.25 0.09 0.01 0.34 0.12 0.01 0.45 0.24 0.00 0.44 0.15 0.09 1.82 0.23 0.08 1.40 0.17 0.00 0.24 0.02 0.00 0.19 0.01 0.01 0.65 0.09 0.01 0.61 0.06 0.00 0.00 0.00 0.01 0.13 0.01 0.01 0.05 0.02 0.00 0.06 0.02 0.15 1.53 0.16 0.00 0.13 0.05 0.01 1.70 0.27 0.16 1.66 0.59 0.03 1.30 0.44 0.04 1.21 0.53 0.06 1.50 0.71 0.01 0.03 0.01 0.00 0.04 0.01 0.01 0.05 0.02 0.03 0.31 0.18 0.01 0.45 0.21 0.01 0.09 0.04 0.00 0.88 0.28 0.00 0.70 0.18 0.01 0.06 0.03 0.02 0.11 0.04 0.01 0.88 0.04 0.02 0.50 0.06 0.00 0.13 0.02 0.00 0.26 0.03 0.01 0.10 0.03 0.00 0.06 0.01 0.24 1.79 1.55 0.28 2.69 2.00 0.00 0.06 0.02 0.01 0.56 0.16 0.01 0.73 0.21 0.00 2.41 0.00 0.00 0.05 0.02 0.03 0.39 0.20 0.01 0.13 0.04 0.02 2.14 0.74 0.03 1.67 0.54 0.01 0.09 0.01 0.01 0.90 0.11 0.01 1.15 0.15 0.00 0.00 0.00 0.03 0.20 0.15 0.00 0.32 0.08 0.17 8.48 4.59 0.33 11.09 6.12 0.00 0.07 0.01 0.03 0.55 0.21 0.01 0.44 0.16 0.00 0.13 0.06 0.46 23.05 9.45 0.07 1.96 0.39 0.05 1.60 0.29 0.00 0.30 0.08 0.00 0.22 0.02 0.03 0.65 0.35 0.02 0.80 0.47 0.01 0.17 0.05 0.01 0.24 0.04 0.00 0.33 0.07 0.00 0.30 0.10 0.00 0.05 0.01 0.01 0.07 0.02 0.00 0.57 0.23 0.01 0.32 0.09 0.00 0.58 0.12 0.00 0.23 0.12 0.05 4.87 2.53 0.28 7.78 4.22 0.14 6.08 3.16 0.02 0.41 0.19 0.01 0.31 0.10 0.00 0.23 0.05 0.01 0.29 0.07 0.01 0.09 0.03 0.01 0.05 0.02 0.00 0.60 0.10 0.00 0.10 0.06 0.00 0.05 0.04 0.01 0.18 0.08 0.85 78.82 58.26 1.04 105.04 76.53 0.00 0.00 0.00 0.00 0.09 0.02 0.01 0.13 0.06 0.17 19.70 9.60 0.00 0.10 0.05 0.02 0.19 0.09 0.01 0.18 0.07 0.05 18.87 9.35 0.01 0.64 0.30 0.01 0.02 0.01 0.00 0.10 0.00 0.05 0.68 0.28 0.02 0.54 0.20 0.00 0.30 0.11

G-H Gabriel Res V Gabriel Res* O Gainey Capital V Galane Gold V Galane Gold * O Galantas Gold V Galore Res V Galway Gold * O Galway Gold V Galway Mtls* O Galway Mtls V GAR Limited Garibaldi Res V Garibaldi Res * O Gatling Explor V Gatling Explor* O General Moly T General Moly* X Generation Min* O Generation Min Generic Gold Genesis Mtls* O Genesis Mtls V Genius Metals Gensource Pot V Gentor Res V Geomega Res V Geomega Res* O Gespeg Cop Res V

185 99 687 586 25 39 608 1 2 30 539 2326 530 172 418 97 15 1235 2 140 220 65 299 395 791 20 278 9 192

20-23_APR1_StockTables.indd 21

0.45 0.33 0.16 0.05 0.04 0.08 0.02 0.09 0.13 0.26 0.36 0.11 0.99 0.74 0.41 0.30 0.35 0.27 0.12 0.16 0.06 0.06 0.09 0.19 0.11 0.06 0.10 0.07 0.04

0.40 0.29 0.13 0.05 0.04 0.07 0.01 0.08 0.00 0.24 0.32 0.09 0.91 0.68 0.33 0.26 0.30 0.23 0.00 0.15 0.06 0.06 0.08 0.16 0.08 0.06 0.09 0.06 0.03

(100s)

12-month Change

0.43 + 0.29 0.15 + 0.05 + 0.04 unch 0.08 + 0.02 unch 0.09 + 0.13 + 0.25 0.32 0.10 + 0.92 0.69 0.34 0.26 0.31 0.23 0.12 unch 0.15 0.06 unch 0.06 0.08 unch 0.19 + 0.09 0.06 unch 0.10 + 0.06 0.04 +

0.04 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.02 0.03 0.07 0.03 0.06 0.04 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.01

0.45 0.33 0.16 0.07 0.06 0.15 0.05 0.12 0.28 0.30 0.44 0.35 3.60 2.82 0.58 0.34 0.63 0.46 0.12 0.20 0.30 0.09 0.12 0.25 0.16 0.12 0.20 0.12 0.05

0.29 0.20 0.04 0.04 0.03 0.07 0.01 0.07 0.10 0.10 0.13 0.07 0.86 0.65 0.13 0.21 0.22 0.16 0.03 0.08 0.03 0.04 0.05 0.12 0.08 0.05 0.07 0.05 0.02

Stock

Exc Volume

Getchell Gold * O Getchell Gold Getty Copper V GFG Resources V GFG Resources* O GFM Res V GGL Res V GGL Res* O GGX Gold* O GGX Gold V Giga Metals* O Giga Metals V Gitennes Expl V Giyani Gold V Giyani Gold* O Glacier Lake* O Glacier Lake V Gldn Predator* O Gldn Predator V Glen Eagle Res V Glencore Plc* O Global Atomic V Global Atomic* O Global Battery V Global Battery* O Global Energy* O Global Energy V Global Gold* O Global Li-Ion* O Global Li-Ion Global Vanad V GlobalMin Vent* O Globex Mng* O Globex Mng T GMV Minerals V GMV Minerals* O GNCC Capital* O Go Cobalt* O Go Cobalt GobiMin V Godâ&#x20AC;&#x2122;s Lake Res GoGold Res T Gold Dynamics* O Gold Fields* O Gold Fields* N Gold Finder Ex V Gold Finder Ex* O Gold Lakes* O Gold Reserve V Gold Reserve* O Gold Resource* X Gold Rush Cari V Gold Std Vents T Gold Std Vents* X Goldbank Mng V Goldbank Mng* O Goldcliff Res* O Goldcliff Res V Goldcorp T Goldcorp* N Golden Arrow V Golden Arrow* O Golden Band* O Golden Cariboo V Golden Dawn Ml V Golden Dawn Ml*O Golden Goliath* O Golden Goliath V Golden Harp* O Golden Harp V Golden Hope V Golden Hope* O Golden Mnls* X Golden Mnls T Golden Pursuit* O Golden Pursuit V Golden Queen T Golden Queen* O Golden Ridge V Golden Secret V Golden Share V Golden Star* X Golden Star T Golden Star* O Golden Sun* O Golden Tag V Golden Valley* O Golden Valley V Goldex Res* O Goldex Res V Goldgroup Mng* O Goldgroup Mng T GoldMining* O GoldMining T GoldON Res V GoldON Res* O Goldplay Expl V Goldplay Expl* O GoldQuest Mng V Goldrea Res Goldrea Res* O Goldrich Mng* O Goldsource Min* O Goldsource Min V Goldstar Mnls V Goldstream Mnl V Goldstrike Res V GoldTrain Res Goliath Res V Goliath Res* O Gossan Res V GoviEx Uranium* O GoviEx Uranium V Gowest Gold* O Gowest Gold V GPM Metals* O GPM Metals V Gran Colombia* O Gran Colombia T Granada Gold V Granada Gold* O Grande Portage V Grande Portage* O Granite Creek V Graphite Egy* O Graphite Egy Graphite One* O Graphite One V Gratomic V Gratomic* O Gray Rock Res V Great Atlantic V Great Bear Res V Great Bear Res* O Great Lakes Gr* O Great Lakes Gr V Great Panther* X Great Panther T Great Thunder V Greatbanks Re V Green River Green Swan Cap V Green Valley M V Greencastle Rs V Greenland M&En*O Grenville Gold Grid Metals V Grid Metals* O Grizzly Discvr* O Grizzly Discvr V Group Eleven V Group Ten Mtls* O Group Ten Mtls V GrowMax Res* O GrowMax Res V GSP Resource V GT Gold V GT Gold * O Guerrero Vents V Gungnir Res V Gungnir Res* O Gunpoint Expl V Guyana Gldflds T Guyana Goldstr V Guyana Goldstr* O Handa Mining V Handa Mining* O Handeni Gold* O Hannan Metals V Hannan Metals* O Happy Ck Mnrls V Harfang Explor V Harmony Gold* N Harte Gold* O Harte Gold T Harvest Gold* O Harvest Gold V Havilah Mining* O Havilah Mining V

107 679 250 309 25 1 20 2 9 331 328 562 184 487 5 4 109 181 215 127 838 304 54 306 25 526 1107 0 58 575 64 1 173 142 42 120 481964 12 91 2 53 401 55 0 18892 720 14 1 11 35 2891 1266 549 1298 0 0 61 72 15452 176211 242 192 30 69 1708 25 45 1373 0 3 3 5 399 39 0 15 444 363 326 166 11 1810 186 3 125 34 36 174 5 19 50 55 349 361 94 1 292 85 279 128 20 110 92 994 136 39 963 0 1450 19 13 808 3427 1928 2034 1 67 118 523 562 74 85 294 10 52 67 34 158 1147 50 26 112 572 211 197 219 4103 878 541 764 20 165 0 201 304 10 212 6 195 181 181 29 397 344 1578 25 816 192 150 277 283 10 3344 347 19 4 1 0 153 80 195 20 30850 1284 3326 2099 3531 19 95

Week High

Low

Last

12-month Change

0.15 0.00 0.15 0.19 0.00 0.19 + 0.03 0.03 0.03 + 0.21 0.19 0.20 0.16 0.14 0.15 0.05 0.05 0.05 unch 0.08 0.00 0.08 0.07 0.05 0.07 + 0.08 0.07 0.08 + 0.11 0.09 0.09 0.17 0.15 0.15 0.25 0.20 0.20 0.03 0.00 0.03 unch 0.17 0.13 0.15 0.13 0.13 0.13 + 0.09 0.09 0.09 unch 0.14 0.12 0.12 0.18 0.15 0.17 + 0.24 0.22 0.23 unch 0.13 0.12 0.13 unch 8.48 8.13 8.14 + 0.46 0.41 0.41 0.35 0.31 0.31 0.11 0.11 0.11 + 0.08 0.08 0.08 unch 0.05 0.04 0.04 unch 0.07 0.05 0.06 + 0.00 0.00 1.30 unch 0.15 0.15 0.15 0.22 0.19 0.22 + 0.20 0.16 0.20 + 0.65 0.65 0.65 unch 0.25 0.23 0.24 + 0.34 0.31 0.33 + 0.14 0.13 0.14 + 0.10 0.09 0.09 0.00 0.00 0.00 0.12 0.12 0.12 0.17 0.16 0.16 0.00 0.00 0.24 unch 2.40 2.40 2.40 unch 0.28 0.26 0.26 unch 0.00 0.00 0.00 unch 0.00 0.00 4.09 unch 4.19 3.84 4.14 + 0.11 0.09 0.09 unch 0.06 0.00 0.06 0.02 0.00 0.02 + 3.67 3.33 3.40 2.75 2.42 2.55 4.06 3.81 3.87 0.13 0.11 0.11 unch 1.45 1.30 1.41 1.09 0.97 1.06 0.00 0.00 0.14 unch 0.00 0.00 0.10 unch 0.06 0.05 0.06 + 0.09 0.08 0.09 15.00 14.19 14.51 + 11.22 10.60 10.80 0.33 0.29 0.32 + 0.25 0.22 0.24 + 0.00 0.00 0.00 unch 0.05 0.00 0.04 unch 0.06 0.06 0.06 unch 0.05 0.05 0.05 unch 0.03 0.00 0.02 + 0.04 0.03 0.04 + 0.00 0.00 0.08 unch 0.08 0.00 0.08 + 0.00 0.00 0.05 unch 0.04 0.03 0.04 0.33 0.29 0.30 0.44 0.39 0.40 unch 0.00 0.00 0.06 unch 0.10 0.08 0.10 + 0.05 0.04 0.04 unch 0.04 0.02 0.03 + 0.14 0.13 0.14 1.74 1.55 1.58 0.14 0.00 0.11 4.25 3.59 4.07 + 5.74 4.80 5.33 + 1.00 0.90 0.90 unch 0.00 0.00 0.00 unch 0.05 0.05 0.05 unch 0.28 0.26 0.26 0.37 0.34 0.34 0.10 0.09 0.10 + 0.13 0.00 0.13 + 0.04 0.02 0.03 + 0.04 0.04 0.04 0.78 0.74 0.77 + 1.03 1.00 1.03 + 0.31 0.26 0.30 + 0.22 0.22 0.22 unch 0.21 0.17 0.19 0.16 0.14 0.14 0.12 0.11 0.11 0.07 0.06 0.06 0.05 0.05 0.05 unch 0.01 0.01 0.01 + 0.11 0.10 0.11 + 0.15 0.14 0.15 0.04 0.00 0.03 0.06 0.05 0.05 unch 0.05 0.04 0.05 unch 0.00 0.00 0.14 unch 0.10 0.07 0.08 unch 0.07 0.06 0.06 + 0.09 0.00 0.09 unch 0.13 0.11 0.12 + 0.17 0.15 0.16 unch 0.03 0.03 0.03 + 0.04 0.03 0.04 + 0.02 0.02 0.02 unch 0.04 0.00 0.04 unch 2.88 2.58 2.83 + 3.87 3.43 3.81 + 0.14 0.11 0.13 + 0.10 0.08 0.09 + 0.09 0.08 0.09 0.07 0.06 0.06 0.19 0.18 0.18 0.05 0.03 0.05 0.06 0.00 0.06 1.00 0.20 0.24 + 0.39 0.24 0.32 + 0.08 0.08 0.08 0.06 0.06 0.06 unch 0.08 0.08 0.08 unch 0.05 0.05 0.05 3.25 2.98 3.21 + 2.43 2.22 2.43 + 0.07 0.03 0.05 0.04 0.04 0.04 unch 1.13 1.00 1.09 1.52 1.33 1.46 + 0.02 0.00 0.02 unch 0.11 0.09 0.11 + 0.07 0.07 0.07 unch 0.03 0.02 0.02 0.00 0.00 0.23 unch 0.07 0.06 0.07 unch 0.04 0.04 0.04 + 0.16 0.16 0.16 unch 0.12 0.00 0.11 unch 0.09 0.08 0.09 unch 0.05 0.03 0.05 0.06 0.06 0.06 unch 0.12 0.11 0.12 unch 0.14 0.12 0.13 0.18 0.16 0.17 0.09 0.07 0.08 0.11 0.10 0.11 + 0.17 0.17 0.17 unch 0.78 0.72 0.74 + 0.57 0.55 0.55 + 0.08 0.08 0.08 unch 0.08 0.07 0.07 0.06 0.05 0.06 + 0.43 0.00 0.42 1.44 1.26 1.27 0.21 0.18 0.19 0.16 0.14 0.14 0.00 0.00 0.04 unch 0.02 0.02 0.02 unch 0.00 0.00 0.02 unch 0.12 0.11 0.11 unch 0.08 0.08 0.08 + 0.16 0.14 0.15 + 0.23 0.21 0.23 + 2.09 1.90 1.99 + 0.31 0.27 0.27 0.40 0.35 0.36 0.03 0.01 0.01 0.03 0.02 0.02 0.23 0.22 0.22 0.31 0.00 0.31 +

0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.03 0.04 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.07 0.02 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.02 0.04 0.00 0.00 0.02 0.01 0.00 0.00 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.22 0.00 0.00 0.01 0.20 0.16 0.09 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.05 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.03 0.00 0.00 0.02 0.00 0.00 0.01 0.13 0.03 0.34 0.37 0.00 0.00 0.00 0.01 0.04 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.03 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.07 0.16 0.01 0.00 0.01 0.01 0.02 0.00 0.01 0.21 0.07 0.01 0.00 0.00 0.01 0.13 0.18 0.01 0.00 0.06 0.07 0.00 0.03 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.03 0.01 0.00 0.01 0.00 0.01 0.15 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.01 0.02 0.03 0.01 0.01 0.01 0.01

High Low

0.15 3.60 0.07 0.38 0.29 0.15 0.16 0.11 0.11 0.15 0.29 0.40 0.10 0.40 0.31 0.09 1.00 0.47 0.58 0.18 10.76 0.46 0.35 0.33 0.24 0.14 0.18 2.75 0.34 0.44 0.23 140.00 0.37 0.49 0.32 0.23 0.00 0.26 0.38 0.40 2.40 0.53 0.01 4.10 4.45 0.65 0.45 0.10 3.87 3.02 7.33 0.27 2.40 1.86 0.21 0.11 0.13 0.16 18.78 14.66 0.63 0.49 0.00 0.10 0.40 0.31 0.04 0.06 0.08 0.20 0.11 0.09 0.47 0.60 0.11 0.21 0.24 0.18 0.54 3.20 0.26 4.18 5.54 1.11 0.00 0.08 0.30 0.39 1.42 1.87 0.07 0.09 1.00 1.27 0.35 0.22 0.32 0.22 0.30 0.24 0.18 0.04 0.14 0.19 0.12 0.18 0.25 0.40 0.33 0.21 0.11 0.20 0.26 0.09 0.12 0.04 0.07 3.44 4.67 0.30 0.24 0.34 0.25 0.23 0.56 0.73 1.00 0.90 0.21 0.15 0.23 0.15 4.08 3.09 0.10 0.06 1.32 1.68 0.03 0.35 0.07 0.07 2.45 0.13 0.08 0.70 0.24 0.18 0.11 0.15 0.23 0.19 0.24 0.12 0.16 0.26 2.15 1.62 0.20 0.39 0.29 0.55 5.42 0.39 0.28 0.08 0.05 0.06 0.27 0.22 0.20 0.30 2.53 0.38 0.55 0.08 0.10 0.35 0.69

0.14 0.13 0.02 0.17 0.14 0.04 0.07 0.05 0.04 0.05 0.12 0.15 0.02 0.07 0.06 0.01 0.10 0.15 0.20 0.11 6.72 0.21 0.16 0.07 0.06 0.03 0.04 1.30 0.04 0.06 0.10 0.55 0.19 0.25 0.07 0.07 0.00 0.12 0.07 0.20 0.22 0.19 0.00 2.40 2.20 0.06 0.04 0.00 2.50 1.84 3.61 0.05 1.30 0.97 0.07 0.10 0.03 0.05 11.00 8.42 0.22 0.17 0.00 0.03 0.02 0.02 0.00 0.02 0.08 0.06 0.05 0.03 0.19 0.26 0.06 0.06 0.03 0.02 0.08 1.40 0.09 2.43 3.24 0.90 0.00 0.03 0.16 0.22 0.08 0.08 0.02 0.04 0.52 0.71 0.12 0.09 0.14 0.12 0.09 0.04 0.03 0.01 0.02 0.04 0.03 0.04 0.04 0.11 0.06 0.04 0.05 0.09 0.12 0.02 0.03 0.02 0.03 1.57 2.02 0.10 0.08 0.08 0.06 0.09 0.01 0.02 0.02 0.24 0.07 0.05 0.05 0.04 0.42 0.34 0.01 0.02 0.54 0.70 0.01 0.04 0.03 0.02 0.23 0.05 0.04 0.12 0.05 0.04 0.03 0.05 0.10 0.09 0.12 0.05 0.07 0.16 0.41 0.31 0.06 0.07 0.05 0.19 1.24 0.17 0.13 0.03 0.01 0.02 0.05 0.04 0.13 0.18 1.43 0.22 0.29 0.01 0.02 0.18 0.25

(100s) Stock

Exc Volume

Week High

Low

Hawkeye Gld&Di*O 37 Hawkeye Gld&Di V 338 Heatherdale Rs V 67 Hecla Mining* N 26483 Helio Res V 178 Helio Res* O 10 Hemcare Health* O 129 Heron Res* O 0 Highbank Res V 353 Highland Copp V 328 Highland Copp* O 248 Highway 50 Gld V 105 HiHo Silver 483 Hinterland Mtl V 835 Hochschild Mg* O 15 Homeland Egy* O 333 Honey Badger E V 554 Horizonte Mnls T 69 Hornby Bay Mnl* O 19 Hornby Bay Mnl V 1625 HudBay Min* N 3948 HudBay Min T 6370 Hudson Res* O 71 Hudson Res V 119 Hunt Mng* O 15 Hunt Mng V 51 Hut 8 Mining* O 65 Hut 8 Mining V 217 Hybrid Mineral V 349

0.03 0.04 0.03 2.53 0.08 0.05 1.39 0.42 0.03 0.07 0.06 0.17 0.08 0.03 2.68 2.87 0.04 0.04 0.02 0.04 7.20 9.54 0.32 0.43 0.12 0.14 0.92 1.25 0.13

0.03 0.03 0.00 2.35 0.00 0.05 1.18 0.00 0.02 0.06 0.05 0.16 0.03 0.02 2.51 2.49 0.03 0.04 0.01 0.02 6.70 8.99 0.30 0.40 0.00 0.13 0.78 1.03 0.11

I-Minerals* O I-Minerals V IAMGOLD T IAMGOLD* N Icon Explor* O Iconic Mnls * O Iconic Mnls V IDM Mining* O IDM Mining V IEMR Res V iMetal Res V iMetal Res* O IMPACT Silver V Imperial Metal* O Imperial Metal T Imperial Mg Gr V Inca One Gold* O Inca One Gold V Inception Mng * O Independence G V Independence G*O Indico Res V Indigo Expl V Infinite Lith* O Infinite Lith V Infrastructure* O Inomin Mines V Inspiration Mg* O Intact Gold V Integra Res* O Integra Res V Inter-Rock Mnl* O Inter-Rock Mnl V Interconnect V Intercontinent* O Intercontinent V Intgr Egy Sol* O Intl Battery* O Intl Battery Intl Bethl Mng V Intl Bethl Mng* O Intl Cobalt* O Intl Cobalt Intl Lithium* O Intl Lithium V Intl Montoro* O Intl Montoro V Intl Prospect * O Intl Prospect V Intl Samuel Ex* O Intl Samuel Ex V Intl Star* O Intl Tower Hil* X Intl Tower Hil T Intl Zeolite V Intl Zeolite* O Intrepid Pots* N INV Metals* O INV Metals T Inventus Mg * O Inventus Mg V InZinc Mining V InZinc Mining* O Ireland* O Irving Res* O Irving Res IsoEnergy Ltd V Itafos* O Itafos V Itoco Inc* O Ivanhoe Mines* O Ivanhoe Mines T Jade Leader* O Jade Leader V Jaeger Res * O Jaeger Res V Jaguar Mng* O Jaguar Mng T Japan Gold V Japan Gold* O Jasper Mining V Jaxon Mining* O Jaxon Mining V Jayden Res* O Jayden Res V Jazz Res V JDF Explor Inc Jiulian Res V Jourdan Res V Jubilee Metals* O Juggernaut Exp V Juggernaut Exp* O Jupiter Gold* O K2 Gold V K92 Mining* O K92 Mining V Kaizen Discov V Kaizen Discvry* O Kal Minerals Kapuskasing Gd V Karmin Expl V Karnalyte Res T Karoo Expl V KAT Expl* O Katanga Mng T Kenadyr Mining V Kenadyr Mining* O Kermode Res V Kerr Mines* O Kerr Mines T Kesselrun Res* O Kesselrun Res V Kestrel Gold V Kilo Goldmines V Kincora Copper* O Kincora Copper V Kings Bay Res* O Kings Bay Res V Kingsmen Res V Kingsmen Res* O Kinross Gold T Kinross Gold* N Kintavar Exp V Kirkland Lake* N Kirkland Lake T Klondike Gold* O Klondike Gold V Klondike Silv* O Klondike Silv V Knick Expl V Kombat Copper V Kombat Copper* O Komet Resource V Kootenay Silvr* O Kootenay Silvr V Kootenay Zinc Kootenay Zinc* O KOPR Point Kore Mining V Kore Mining * O Kutcho Copper * O KWG Res* O KWG Res

12 67 11120 27087 0 29 185 163 5972 50 3268 124 378 101 184 153 25 385 96 139 33 1078 90 6 278 50 505 4 75 40 208 30 57 15 2 25 3516 307 250 51 1 239 608 58 712 357 2525 1 16 7 811 9873 760 65 530 25 3117 36 210 73 26 123 160 7 286 492 205 508 260 8 242 3069 21 58 1 285 428 1057 1033 411 3 106 648 5 1388 75 51 605 72 1 398 90 1 68 563 4203 20 1 32 228 20 292 126 18132 453 889 21 143 298 677 0 3123 871 213 17 38 4 129 57 1 16768 46646 433 6798 4268 82 216 50 246 75 494 16 97 38 542 20 8 157 2052 0 92 1045 1061

0.08 0.10 4.85 3.63 0.13 0.12 0.15 0.05 0.06 0.02 0.16 0.13 0.34 2.40 3.26 0.08 0.04 0.05 0.28 0.08 0.06 0.01 0.02 0.05 0.08 0.00 0.04 0.00 0.08 0.65 0.86 0.20 0.27 0.04 0.14 0.20 0.00 0.15 0.18 0.05 0.03 0.03 0.04 0.05 0.07 0.06 0.08 0.11 0.18 0.03 0.03 0.00 0.57 0.76 0.13 0.09 4.01 0.52 0.69 0.12 0.15 0.05 0.03 0.18 1.82 2.39 0.60 0.55 0.75 0.20 2.58 3.46 0.16 0.23 0.02 0.03 0.16 0.20 0.38 0.28 0.08 0.05 0.06 0.01 0.02 0.05 0.02 0.12 0.03 0.04 0.11 0.08 1.50 0.26 1.17 1.56 0.05 0.03 0.12 0.02 0.90 0.30 0.09 0.00 0.54 0.09 0.07 0.02 0.11 0.15 0.00 0.05 0.02 0.02 0.08 0.11 0.03 0.05 0.56 0.35 4.69 3.51 0.21 34.29 45.95 0.16 0.22 0.03 0.05 0.01 0.10 0.07 0.20 0.10 0.14 0.14 0.11 0.16 0.19 0.00 0.25 0.00 0.02

0.04

Last

12-month Change

Stock

Labdr Iron Mns* O 81 Labrador Gold V 157 Labrador Gold* O 25 Labrador Iron T 1401 Lake Forest Mi* O 2 Lake Resources* O 1500 Lara Expl V 139 Laramide Res T 689 Laredo Res* O 703 Largo Res T 12085 Largo Res* O 1603 Lateral Gold V 27 Latin Am Mnls V 532 Latin Am Mnls* O 1 Laurion Mnl Ex* O 552 Laurion Mnl Ex V 667 Le Mare Gold* O 3 Le Mare Gold V 9 LeadFX Inc* O 0 Leading Edge V 300 Leading Edge* O 847 Leagold Mg* O 216 Leagold Mg T 517 Leeta Gold V 3393 Legion Metals 5644 Leo Res* O 57 Lepanto Con Mg*O 482 Levon Res Ltd T 603 Levon Res Ltd * O 52 Libero Copper* O 155 Libero Copper V 56 Liberty Gold* O 286 Liberty One Li V 79 Liberty One Li* O 208 LiCo Energy* O 28 LiCo Energy V 93 Lincoln Mng V 50 Lion One Mtls V 298 Lion One Mtls* O 132 Lions Bay Cap V 185 Lions Bay Mg 4 Lions Bay Mg * O 1 Lithion Energy* O 275 Lithium Amer* N 1074 Lithium Amer T 474 Lithium Chile* O 41 Lithium Chile V 79 Lithium Corp* O 394 Lithium Energi* O 5 Lithium Energi V 82 Lithium Expl* O 335 Lithoquest Dia V 164 Lithoquest Dia* O 25 LKA Gold* O 46 Lode-Star Mg* O 36 Lomiko Mtls* O 185 Lomiko Mtls V 1094 Loncor Res* O 4 Loncor Res T 1255 Lone Star Gold* O 30 Lonmin plc* O 26 Lonmin plc* O 1 Lorraine Coppr* O 47 Lorraine Coppr V 299 Los Andes Copp V 182 LSC Lithium* O 25 Lucara Diam T 2026 Lucky Mnls * O 217 Lucky Mnls V 660 Luckystrike * O 0 Luckystrike V 63 Lumina Gold* O 106 Lumina Gold V 288 Luminex Res V 441 Lundin Gold T 497 Lundin Mng* O 87 Lundin Mng T 14788 Lupaka Gold V 337 Lydian Intl* O 332 Lydian Intl T 4138 Lynas Corp* O 50 Lynas Corp* O 36

0.03 0.04 + 0.03 2.43 0.07 0.05 unch 1.31 + 0.42 + 0.03 + 0.07 unch 0.05 0.16 + 0.04 + 0.03 unch 2.65 unch 2.50 0.04 + 0.04 unch 0.01 0.03 + 6.75 9.07 0.31 0.40 0.12 unch 0.13 0.78 1.04 0.13 unch

0.00 0.01 0.01 0.04 0.01 0.00 0.08 0.06 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.16 0.01 0.00 0.00 0.01 0.13 0.08 0.01 0.03 0.00 0.01 0.13 0.19 0.00

0.06 0.11 0.06 4.15 0.17 0.10 1.39 0.53 0.05 0.14 0.12 0.48 0.11 0.04 2.98 3.21 0.20 0.09 0.06 0.08 7.88 10.16 0.43 0.54 0.38 0.48 3.50 4.70 0.54

0.03 0.03 0.02 2.17 0.06 0.04 0.05 0.35 0.01 0.06 0.04 0.14 0.02 0.01 1.96 0.18 0.03 0.03 0.01 0.02 3.44 4.51 0.27 0.35 0.09 0.10 0.81 1.04 0.06

0.08 unch 0.10 + 4.79 + 3.57 unch 0.13 + 0.11 + 0.14 0.05 + 0.06 + 0.02 unch 0.15 + 0.10 0.31 2.34 3.10 0.08 unch 0.04 0.05 + 0.27 + 0.08 0.05 + 0.01 unch 0.02 unch 0.05 unch 0.08 unch 0.00 unch 0.04 unch 0.00 unch 0.08 + 0.62 0.83 0.20 unch 0.25 0.04 unch 0.14 0.18 0.00 0.13 0.18 + 0.05 unch 0.03 unch 0.03 + 0.03 0.05 + 0.06 + 0.04 0.07 0.11 unch 0.18 0.03 unch 0.03 unch 0.00 unch 0.52 0.70 0.10 unch 0.08 3.68 0.43 0.55 0.10 0.15 + 0.05 unch 0.03 unch 0.18 + 1.63 2.15 0.57 + 0.51 + 0.72 + 0.20 unch 2.49 + 3.34 + 0.16 0.23 + 0.02 + 0.03 unch 0.11 0.16 0.30 0.23 + 0.08 unch 0.05 0.06 0.01 + 0.02 unch 0.05 unch 0.01 unch 0.10 0.03 unch 0.04 unch 0.09 0.07 + 1.50 unch 0.25 unch 1.15 + 1.52 + 0.05 unch 0.03 unch 0.12 unch 0.02 + 0.90 + 0.25 + 0.07 0.00 unch 0.51 0.08 0.06 0.02 unch 0.08 0.12 0.04 unch 0.05 unch 0.02 unch 0.02 + 0.08 + 0.10 0.03 unch 0.04 0.56 unch 0.35 4.68 + 3.48 + 0.20 + 33.87 + 45.46 + 0.16 0.22 + 0.02 0.05 unch 0.01 0.09 + 0.07 0.20 + 0.10 0.13 0.13 + 0.10 0.14 0.19 + 0.14 unch 0.23 0.00 unch 0.02 +

0.00 0.02 0.06 0.00 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.00 0.03 0.03 0.02 0.00 0.00 0.01 0.08 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.04 0.00 0.01 0.00 0.00 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.05 0.03 0.00 0.01 0.29 0.05 0.10 0.00 0.01 0.00 0.00 0.00 0.03 0.01 0.02 0.01 0.05 0.00 0.03 0.09 0.01 0.02 0.01 0.00 0.05 0.05 0.03 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.09 0.10 0.00 0.00 0.00 0.01 0.19 0.02 0.02 0.00 0.01 0.01 0.00 0.00 0.03 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.07 0.17 0.10 0.01 0.40 0.87 0.00 0.02 0.01 0.00 0.01 0.01 0.01 0.02 0.01 0.01 0.02 0.01 0.01 0.02 0.00 0.02 0.00 0.01

0.26 0.34 8.20 6.33 0.21 0.14 0.19 0.07 0.08 0.04 0.19 0.14 0.56 2.60 3.50 0.16 0.06 0.08 0.28 0.13 0.08 0.02 0.04 0.15 0.18 0.00 0.14 0.08 1.18 1.83 1.08 0.29 0.47 0.11 0.47 0.65 0.00 0.69 0.89 0.10 0.03 0.21 0.27 0.09 0.12 0.06 0.09 0.25 0.38 0.10 0.13 0.00 0.78 0.99 0.47 0.36 5.31 0.59 0.83 0.18 0.25 0.15 0.12 0.20 1.82 2.39 0.60 2.20 2.80 0.31 2.77 3.59 0.34 0.44 0.03 0.05 0.31 0.40 0.38 0.28 0.29 0.13 0.17 0.12 0.20 0.08 0.15 0.18 0.10 0.05 0.59 1.10 2.25 0.33 1.17 1.53 0.11 0.08 0.20 0.04 1.10 0.61 0.80 0.00 1.97 0.21 0.16 0.03 0.19 0.25 0.10 0.14 0.05 0.05 0.23 0.29 0.08 0.10 0.58 0.43 5.34 4.12 0.49 36.74 48.48 0.34 0.44 0.07 0.09 0.03 0.32 0.18 0.48 0.15 0.19 0.35 0.22 4.10 0.35 0.14 0.50 0.02 0.02

0.06 0.07 3.64 2.75 0.12 0.06 0.08 0.03 0.04 0.01 0.07 0.05 0.20 0.72 0.93 0.05 0.02 0.04 0.00 0.04 0.03 0.01 0.01 0.05 0.06 0.00 0.03 0.00 0.06 0.44 0.61 0.18 0.20 0.04 0.13 0.12 0.00 0.10 0.13 0.03 0.02 0.02 0.03 0.02 0.03 0.03 0.04 0.10 0.12 0.02 0.02 0.00 0.35 0.48 0.05 0.01 2.51 0.26 0.35 0.08 0.11 0.04 0.02 0.03 0.70 0.91 0.28 0.47 0.67 0.02 1.50 2.00 0.13 0.18 0.01 0.02 0.12 0.16 0.07 0.06 0.08 0.04 0.05 0.00 0.01 0.03 0.01 0.02 0.03 0.03 0.07 0.05 1.50 0.16 0.45 0.57 0.05 0.03 0.12 0.01 0.60 0.17 0.06 0.00 0.36 0.06 0.04 0.01 0.07 0.11 0.03 0.03 0.01 0.01 0.07 0.09 0.02 0.03 0.15 0.11 3.15 2.38 0.11 14.82 19.01 0.10 0.17 0.03 0.04 0.01 0.05 0.05 0.11 0.08 0.11 0.05 0.03 0.01 0.08 0.09 0.14 0.00 0.01

0.04 unch

0.00

0.08 0.04

I-J-K 0.08 0.08 4.44 3.32 0.00 0.10 0.14 0.04 0.05 0.02 0.13 0.10 0.30 2.23 2.91 0.07 0.04 0.04 0.19 0.00 0.05 0.01 0.02 0.00 0.07 0.00 0.03 0.00 0.00 0.61 0.82 0.20 0.00 0.04 0.00 0.18 0.00 0.11 0.16 0.00 0.03 0.02 0.00 0.04 0.06 0.04 0.06 0.00 0.00 0.03 0.03 0.00 0.50 0.67 0.10 0.08 3.59 0.43 0.55 0.10 0.14 0.04 0.03 0.00 1.59 2.14 0.54 0.00 0.67 0.20 2.43 3.25 0.15 0.00 0.01 0.03 0.11 0.14 0.28 0.21 0.08 0.05 0.06 0.00 0.00 0.05 0.01 0.10 0.03 0.04 0.09 0.06 1.50 0.23 1.02 1.37 0.00 0.03 0.12 0.01 0.71 0.21 0.00 0.00 0.51 0.08 0.06 0.02 0.08 0.12 0.00 0.05 0.02 0.01 0.07 0.10 0.03 0.00 0.47 0.00 4.32 3.24 0.19 32.11 42.83 0.15 0.20 0.00 0.00 0.00 0.08 0.07 0.18 0.09 0.13 0.13 0.00 0.08 0.15 0.00 0.22 0.00 0.01

L La Imperial

0.04

(100s)

High Low

Exc Volume

Week High

Low

0.01 0.21 0.15 30.27 0.50 0.06 0.57 0.38 0.00 2.40 1.80 0.36 0.02 0.01 0.06 0.09 0.07 0.10 0.00 0.17 0.13 1.50 2.03 0.56 0.50 0.09 0.00 0.13 0.09 0.09 0.11 0.30 0.13 0.10 0.08 0.11 0.02 0.71 0.53 0.07 0.15 0.11 0.05 4.43 5.90 0.49 0.65 0.15 0.13 0.19 0.01 0.11 0.07 0.13 0.05 0.07 0.09 0.05 0.07 1.45 1.04 0.89 0.18 0.23 0.20 0.49 1.73 0.09 0.12 0.00 0.26 0.44 0.58 0.82 5.50 4.93 6.63 0.11 0.08 0.11 1.20 1.18

0.00 0.00 0.15 28.58 0.50 0.06 0.56 0.35 0.00 2.08 1.56 0.34 0.02 0.01 0.06 0.08 0.06 0.00 0.00 0.14 0.10 1.40 1.86 0.50 0.32 0.06 0.00 0.11 0.08 0.09 0.10 0.27 0.12 0.08 0.07 0.10 0.02 0.62 0.48 0.07 0.00 0.00 0.05 4.12 5.50 0.43 0.59 0.11 0.12 0.17 0.01 0.09 0.07 0.09 0.03 0.04 0.06 0.05 0.07 0.76 0.00 0.00 0.16 0.21 0.17 0.49 1.63 0.08 0.11 0.00 0.00 0.40 0.54 0.60 5.38 4.47 5.97 0.00 0.06 0.09 1.12 1.12

Last

12-month Change

0.00 0.21 + 0.15 unch 29.06 0.50 unch 0.06 unch 0.56 0.36 0.00 + 2.14 1.61 0.34 0.02 + 0.01 unch 0.06 unch 0.09 + 0.07 + 0.10 unch 0.67 unch 0.16 0.12 1.42 1.96 unch 0.52 + 0.45 + 0.08 0.00 unch 0.12 0.09 0.09 unch 0.10 0.27 0.12 + 0.09 0.07 0.10 0.02 unch 0.64 0.50 0.07 unch 0.15 + 0.11 + 0.05 unch 4.18 5.59 0.44 + 0.59 0.12 + 0.12 0.17 unch 0.01 0.09 0.07 unch 0.13 0.05 + 0.05 + 0.08 + 0.05 unch 0.07 unch 1.06 1.02 + 0.89 unch 0.17 + 0.23 + 0.18 0.49 + 1.64 0.09 + 0.11 0.21 unch 0.19 0.44 + 0.56 unch 0.75 + 5.49 + 4.48 5.98 0.09 0.07 0.09 1.14 1.12 -

0.00 0.01 0.00 0.32 0.00 0.00 0.01 0.01 0.00 0.21 0.19 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.03 0.00 0.01 0.05 0.01 0.00 0.01 0.00 0.00 0.01 0.03 0.01 0.00 0.01 0.01 0.00 0.03 0.01 0.00 0.03 0.04 0.00 0.23 0.31 0.02 0.03 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.02 0.00 0.00 0.24 0.10 0.00 0.02 0.02 0.01 0.00 0.03 0.01 0.01 0.00 0.06 0.02 0.00 0.14 0.07 0.26 0.37 0.01 0.02 0.02 0.01 0.01

High Low

0.11 0.35 0.21 33.81 0.50 0.09 0.74 0.52 0.05 4.65 3.56 0.89 0.11 0.09 0.08 0.11 0.30 0.18 1.11 0.82 0.64 2.63 3.17 1.76 0.60 0.60 0.01 0.30 0.23 0.19 0.15 0.36 0.53 0.40 0.18 1.15 0.03 0.76 0.62 0.12 0.20 0.14 0.08 6.87 8.85 0.97 1.10 0.45 0.40 0.55 0.03 0.88 0.51 0.43 0.05 0.11 0.10 0.09 0.14 2.12 1.04 0.93 0.22 0.29 0.35 0.93 2.39 0.16 0.21 0.35 0.55 1.03 0.85 1.05 5.90 7.09 9.00 0.24 0.38 0.49 2.20 2.20

0.00 0.14 0.12 20.44 0.50 0.06 0.41 0.24 0.00 1.24 0.97 0.25 0.01 0.01 0.03 0.05 0.00 0.06 0.65 0.14 0.10 0.95 1.28 0.24 0.18 0.01 0.00 0.11 0.08 0.04 0.07 0.21 0.07 0.04 0.01 0.07 0.01 0.35 0.24 0.04 0.11 0.00 0.02 2.75 3.74 0.34 0.46 0.10 0.11 0.15 0.00 0.08 0.06 0.05 0.02 0.02 0.04 0.04 0.06 0.05 0.45 0.53 0.01 0.07 0.15 0.24 1.38 0.06 0.09 0.11 0.13 0.35 0.46 0.51 4.33 3.60 4.70 0.07 0.05 0.07 1.05 1.05

M M.P.V. Explor 45 M2 Cobalt* O 1 Macarthur Mnl* O 4883 Macarthur Mnl V 20227 MacDonald Mns*O 11 MacDonald Mns V 222 Madeira Mrnls V 25 MAG Silver T 894 Magellan Gold* O 13 Magna Terra V 271 Magna Terra* O 1 Majestic Gold V 38 Majestic Gold* O 85 Makena Res* O 5 Makena Res 1171 Mako Mining V 1231 Mako Mining* O 510 Mammoth Res V 5 Mandalay Res T 991 Mandalay Res* O 647 Manganese X* O 7 Manganese X V 393 Mangazeya Mng V 3 Mangazeya Mng*O 7 Manitou Gold * O 175 Manitou Gold V 482 Maple Gold V 2655 Maple Gold* O 409 Marathon Gold* O 130 Marathon Gold T 554 Margaret Lake V 84 Margaux Res V 194 Marifil Mines V 2461 Marifil Mines* O 1805 Maritime Res V 1499 MartinMarietta* N 2934 Mas Gold V 58 Mason Graphite* O 248 Mason Graphite V 943 Matachewan ConV 10 Matica Ent 3742 Matica Ent* O 35 Matmown* O 50 Maverix Metals* O 98 Maverix Metals V 157 Mawson Res* O 23 Mawson Res T 107 MAX Res V 6770 MaxTech Vent 232 MaxTech Vent* O 311 Maxwell Res* O 333 Maya Gold &Sil* O 2 Maya Gold &Sil T 33 Mazarin V 92 MBMI Res* O 43 MBMI Res V 150 McChip Res V 11 McEwen Mng T 946 McEwen Mng* N 10478 McLaren Res 79 MDN Inc* O 17 Meadow Bay Gd 267 Meadow Bay Gd*O 1 Mechel* N 957 Medallion Res V 1989 Medallion Res* O 268 Medgold Res V 428 Medgold Res* O 109 Medinah Mnrls* O 2215 Mega Uranium T 1705 Mega Uranium* O 110 Megastar Dev V 22 MegumaGold* O 18 MegumaGold 264 Melior Res V 24 Melior Res* O 2 Melkior Res V 463 Meridian Mg V 135 Meridian Mg * O 7 Meridius Res V 525 Meryllion Res* O 1 Meryllion Res 154 MetalCorp V 56 Metalex Vent V 643 Metalla Rylty* O 596 Metalla Rylty V 869 Metallic Mnrls* O 64 Metallic Mnrls V 241 Metallis Res V 24 Metalo Manuf 65 Metalo Manuf* O 0 Metalore Res V 4 Metals Creek* O 100 Metals Creek V 256

0.15 0.13 0.13 + 0.14 0.14 0.14 unch 0.31 0.03 0.08 + 0.15 0.05 0.10 + 0.04 0.03 0.03 0.07 0.05 0.05 0.03 0.03 0.03 unch 15.20 14.07 15.06 + 2.40 1.55 2.05 0.05 0.03 0.04 0.03 0.03 0.03 unch 0.07 0.00 0.07 + 0.06 0.06 0.06 + 0.07 0.07 0.07 0.10 0.08 0.09 0.14 0.13 0.14 unch 0.11 0.09 0.10 + 0.05 0.05 0.05 unch 0.14 0.12 0.12 0.10 0.09 0.10 0.12 0.12 0.12 unch 0.17 0.14 0.14 0.04 0.00 0.04 + 0.03 0.02 0.03 + 0.04 0.04 0.04 0.06 0.05 0.05 0.10 0.09 0.09 0.07 0.06 0.07 0.75 0.70 0.71 1.01 0.94 0.95 0.08 0.07 0.07 unch 0.07 0.00 0.05 unch 0.18 0.06 0.16 + 0.14 0.04 0.12 + 0.10 0.09 0.10 + 200.02 191.81 192.11 0.11 0.10 0.10 0.35 0.28 0.30 + 0.47 0.38 0.42 + 0.17 0.17 0.17 unch 0.11 0.10 0.10 0.08 0.07 0.08 + 0.01 0.01 0.01 unch 2.03 1.77 1.77 2.65 2.35 2.35 0.16 0.14 0.16 0.22 0.20 0.20 0.33 0.27 0.30 0.09 0.07 0.08 0.07 0.05 0.05 0.01 0.01 0.01 1.68 1.65 1.68 unch 2.44 2.23 2.23 0.11 0.08 0.08 0.01 0.01 0.01 unch 0.02 0.02 0.02 0.80 0.74 0.74 2.31 2.18 2.25 + 1.75 1.63 1.68 unch 0.04 0.04 0.04 unch 0.17 0.16 0.17 + 0.05 0.05 0.05 unch 0.03 0.03 0.03 unch 2.30 2.12 2.13 0.11 0.10 0.10 unch 0.08 0.07 0.08 unch 0.16 0.12 0.16 + 0.10 0.09 0.10 + 0.00 0.00 0.00 0.11 0.10 0.10 unch 0.08 0.07 0.07 0.07 0.06 0.07 + 0.10 0.10 0.10 unch 0.14 0.12 0.12 0.43 0.33 0.41 0.24 0.24 0.24 unch 0.06 0.06 0.06 0.09 0.00 0.08 + 0.05 0.05 0.05 unch 0.20 0.19 0.19 unch 0.00 0.00 0.00 + 0.02 0.01 0.02 unch 0.01 0.01 0.01 unch 0.05 0.00 0.03 0.98 0.90 0.96 + 1.31 1.21 1.29 + 0.13 0.12 0.13 + 0.17 0.15 0.17 + 0.51 0.45 0.46 0.25 0.15 0.24 + 0.18 0.18 0.18 unch 1.67 1.56 1.56 0.03 0.03 0.03 0.04 0.04 0.04 unch

0.01 0.30 0.06 0.00 0.75 0.12 0.04 0.30 0.01 0.05 0.06 0.02 0.01 0.07 0.02 0.01 0.09 0.03 0.00 0.04 0.02 0.57 15.59 8.10 0.15 3.80 0.60 0.01 0.06 0.03 0.00 0.04 0.02 0.01 0.11 0.05 0.00 0.08 0.04 0.00 0.08 0.03 0.02 0.13 0.04 0.00 0.29 0.12 0.00 0.23 0.01 0.00 0.09 0.03 0.02 0.25 0.05 0.00 0.20 0.03 0.00 0.16 0.07 0.03 0.25 0.08 0.01 0.05 0.02 0.01 0.03 0.01 0.00 0.09 0.03 0.01 0.16 0.03 0.01 0.28 0.09 0.00 0.23 0.06 0.03 0.95 0.49 0.03 1.20 0.65 0.00 0.16 0.02 0.00 0.26 0.03 0.10 0.22 0.05 0.08 0.15 0.01 0.01 0.14 0.07 1.39 232.89 150.75 0.01 0.14 0.04 0.01 1.60 0.28 0.04 2.06 0.36 0.00 0.29 0.15 0.01 0.39 0.07 0.00 0.31 0.04 0.00 0.08 0.01 0.23 2.18 1.03 0.23 2.86 1.33 0.01 0.44 0.13 0.02 0.56 0.19 0.01 0.50 0.12 0.02 0.47 0.07 0.02 0.36 0.05 0.00 0.02 0.00 0.00 2.33 1.20 0.18 3.02 1.58 0.03 0.18 0.05 0.00 1.00 0.01 0.01 0.08 0.02 0.06 0.93 0.52 0.01 3.28 2.16 0.00 2.52 1.61 0.00 0.10 0.02 0.01 0.25 0.13 0.00 0.24 0.03 0.00 0.17 0.02 0.06 4.72 1.95 0.00 0.18 0.08 0.00 0.14 0.06 0.04 0.51 0.12 0.01 0.38 0.09 0.00 0.01 0.00 0.00 0.18 0.10 0.00 0.14 0.07 0.01 0.11 0.04 0.00 0.21 0.09 0.01 0.30 0.12 0.04 1.45 0.33 0.00 0.62 0.07 0.01 0.13 0.04 0.01 0.55 0.05 0.00 0.08 0.05 0.00 0.22 0.18 0.00 0.02 0.00 0.00 0.04 0.01 0.00 0.03 0.01 0.02 0.06 0.02 0.03 0.99 0.48 0.04 1.31 0.63 0.01 0.30 0.11 0.01 0.37 0.15 0.06 1.53 0.39 0.04 0.49 0.10 0.00 0.31 0.18 0.11 2.85 1.40 0.00 0.08 0.02 0.00 0.11 0.04

2019-03-25 11:27 AM

WWW.NORTHERNMINER.COM

APRIL 1â&#x20AC;&#x201C;14, 2019 / THE NORTHERN MINER

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

Exc Volume

Week High

Low

Metals X* O 59 Metron Capital V 4 Mexican Gold* O 113 Mexivada Mng* O 24 Mexus Gold* O 5834 MGX Minerals* O 429 MGX Minerals 625 Midas Gold T 622 Midas Gold* O 906 Midasco Cap V 35 Midland Expl V 220 Midnight Star 333 Midnight Sun V 182 Millennial Lit* O 45 Millennial Lit V 78 Millrock Res* O 175 Millrock Res V 351 Minaurum Gold V 667 Minaurum Gold* O 304 Minco Silver T 66 Minco Silver* O 23 Minecorp Egy * O 0 Minera Alamos * O 514 Minera Alamos V 1327 Minera IRL 59 Mineral Mtn* O 67 Mineral Mtn V 278 MineralRite* O 4050 Mineworx Tech V 2115 Mineworx Tech* O 1127 Minfocus Expl V 412 Minfocus Expl* O 472 Mining Global* O 500 Minnova Corp V 33 Minsud Res V 2 Miramont Res* O 824 Miramont Res 1681 Mirasol Res V 455 Mistango River 35 Mkango Res V 63 ML Gold* O 4 ML Gold Corp V 102 Monarca Mnrls* O 1 Monarca Mnrls V 116 Monarch Gold T 768 Monarch Gold* O 239 Moneta Porcpn* O 34 Moneta Porcpn T 536 Monitor Vent V 0 Monitor Vent* O 0 Monster Uran V 3 Montego Res 91 Monterey Min 215 Montero Mg&Ex *O 25 Montero Mg&Ex V 13 Monument Mng V 555 Morien Res* O 9 Morien Res V 56 Mosaic* N 16405 Mount Gibson * O 320 Mountain Boy* O 1 Mountain Boy V 45 Mountain Prov* D 297 Mountain Prov T 726 Mundoro Cap* O 326 Mundoro Cap V 658 Murchison Min V 191 MX Gold* O 237

0.19 0.06 0.12 0.00 0.02 0.27 0.36 0.85 0.63 0.10 1.41 0.20 0.12 1.33 1.77 0.07 0.10 0.44 0.33 0.64 0.48 0.00 0.09 0.12 0.06 0.12 0.14 0.00 0.13 0.10 0.06 0.05 0.00 0.20 0.06 0.48 0.63 1.14 0.04 0.16 0.10 0.14 0.03 0.05 0.28 0.21 0.10 0.12 0.00 0.15 0.15 0.04 0.12 0.08 0.15 0.06 0.38 0.51 28.99 0.62 0.14 0.22 0.97 1.31 0.19 0.25 0.09 0.01

0.16 0.06 0.10 0.00 0.01 0.25 0.34 0.69 0.52 0.10 1.27 0.17 0.12 1.16 1.62 0.06 0.08 0.39 0.29 0.57 0.45 0.00 0.08 0.11 0.06 0.09 0.12 0.00 0.09 0.07 0.04 0.03 0.00 0.16 0.06 0.36 0.48 0.84 0.03 0.16 0.07 0.14 0.03 0.04 0.25 0.18 0.08 0.11 0.00 0.00 0.15 0.04 0.11 0.08 0.15 0.06 0.37 0.50 26.81 0.59 0.14 0.19 0.90 1.21 0.15 0.21 0.00 0.00

NA Frac Sand* O 123 NACCO Ind* N 79 Namibia Crit V 116 Namibia Crit* O 149 Napier Vent* O 85 Napier Vent V 31 Natural Res Pt* N 126 Nemaska Lith* O 693 Nemaska Lith T 11840 Neo Lithium V 1295 Neometals* O 10 Network Expl* O 770 Network Expl V 944 Nevada Clean M V 838 Nevada Clean M*O 1386 Nevada Copper T 672 Nevada Energy* O 2 Nevada Energy V 39 Nevada Expl * O 220 Nevada Expl V 167 Nevada Sunrise* O 121 Nevada Sunrise V 307 Nevada Zinc V 75 Nevado Res V 8 Nevsun Res* X 102 Nevsun Res T 47 New Age Metals V 3229 New Age Metals*O 9 New Carolin Gd* O 31 New Carolin Gd V 289 New Destiny Mg V 4441 New Dimen Res V 321 New Dimen Res* O 143 New Energy Met V 249 New Gold* X 7618 New Gold T 3694 New Guinea Gld* O 595 New Jersey Mng*O 863 4 New Klondike* O New Milln Iron T 581 New Milln Iron* O 23 New Nadina V 554 New Nadina* O 10 New Oroperu V 28 New Pac Metals V 228 New Pac Metals* O 35 New Tech Min* O 14 New Tech Min 100 New World Res V 28 Newlox Gold 14 Newmont Mng* N 78506 Newport Expl V 35 Newport Gold* O 2 NewRange Gold*O 122 NewRange Gold V 304 Nexa Resources T 11 Nexa Resources*N 452 Nexco Res 100 Nexgen Energy T 2430 Nexgen Energy* X 982 NextSource Mat T 2705 Nexus Gold* O 99 Nexus Gold V 2410 NGEx Res* O 1 NGEx Res T 44 Nickel Creek T 232 Nickel Creek* O 417 Nickel North V 145 Nickel One Res* O 25 Nickel One Res V 691 Nicola Mg Inc V 345 Nighthawk Gold T 471 Nighthawk Gold* O 39 Niobay Metals V 120 Niocan Inc V 11 Niocorp Dev T 307 Niocorp Dev* O 389 Nippon Dragon V 463 Nippon Dragon* O 25 Nitinat Mnls V 56 Noble Metal V 224 Noble Mineral* O 9 Noble Mineral V 1616 Noka Res* O 324 Noram Vent* O 27 Noram Vent V 286 Noranda Alum* O 7 Nordic Gold* O 78 Nordic Gold V 244 Noront Res V 837 Norra Metals V 1240 Norsemont Cap 155 Nortec Mnls* O 1 Nortec Mnls V 343 North Am Nickl V 296 North Am Nickl* O 90 North Am Pall T 600 North Am Pall* O 264 North Arrow Mn* O 5 North Arrow Mn V 314 North Bay Res * O 32500

0.01 39.20 0.11 0.09 0.19 0.24 42.40 0.28 0.37 1.01 0.20 0.40 0.44 0.05 0.05 0.46 0.11 0.13 0.27 0.37 0.07 0.10 0.11 0.14 4.47 5.99 0.09 0.06 0.12 0.17 0.15 0.06 0.04 0.03 0.90 1.18 0.00 0.18 0.00 0.08 0.05 0.11 0.09 0.31 2.50 1.87 0.02 0.03 0.21 0.05 34.80 0.30 0.03 0.11 0.17 16.82 12.71 0.08 2.33 1.75 0.11 0.10 0.13 0.75 1.03 0.07 0.06 0.02 0.04 0.04 0.10 0.34 0.26 0.24 0.21 0.63 0.47 0.02 0.02 0.10 0.01 0.09 0.12 0.19 0.11 0.15 0.01 0.04 0.04 0.28 0.05 0.35 0.02 0.04 0.03 0.02 20.92 15.83 0.07 0.09 0.00

Last

12-month Change

Stock

0.16 0.06 unch 0.11 + 0.00 unch 0.01 + 0.26 0.35 0.80 + 0.60 + 0.10 unch 1.32 0.17 0.12 unch 1.23 + 1.68 + 0.06 0.09 + 0.39 0.30 0.58 0.45 0.01 unch 0.08 0.11 unch 0.06 unch 0.09 0.13 unch 0.00 unch 0.12 + 0.09 + 0.06 + 0.04 + 0.00 unch 0.20 + 0.06 unch 0.41 0.53 0.87 0.04 + 0.16 unch 0.07 0.14 0.03 0.05 0.28 + 0.20 + 0.08 0.11 0.21 unch 0.15 + 0.15 unch 0.04 0.11 unch 0.08 unch 0.15 unch 0.06 unch 0.38 + 0.51 + 26.85 0.59 unch 0.14 unch 0.22 + 0.90 1.23 0.17 + 0.23 + 0.08 0.00 +

0.02 0.00 0.00 0.00 0.00 0.01 0.02 0.09 0.07 0.00 0.03 0.04 0.00 0.03 0.03 0.00 0.01 0.04 0.02 0.07 0.03 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.04 0.06 0.27 0.01 0.00 0.03 0.01 0.00 0.01 0.03 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.03 1.86 0.00 0.00 0.01 0.07 0.04 0.01 0.02 0.01 0.00

0.72 0.08 0.34 0.00 0.03 1.08 1.39 1.21 0.95 0.15 1.46 0.40 0.40 2.37 3.05 0.31 0.40 0.67 0.51 0.77 0.60 0.07 0.13 0.16 0.12 0.60 0.74 0.00 0.24 0.20 0.18 0.05 0.00 0.93 0.21 0.48 0.63 2.15 0.05 0.19 0.13 1.75 0.05 0.06 0.37 0.29 0.12 0.16 0.98 0.80 0.33 0.31 0.16 0.19 0.29 0.09 0.49 0.62 37.37 0.62 0.18 0.43 2.92 3.72 0.19 0.25 0.25 0.06

0.16 0.05 0.10 0.00 0.00 0.22 0.30 0.60 0.46 0.07 0.66 0.11 0.10 0.67 1.04 0.05 0.07 0.39 0.29 0.35 0.24 0.01 0.06 0.09 0.05 0.05 0.07 0.00 0.09 0.07 0.03 0.03 0.00 0.16 0.05 0.12 0.13 0.97 0.02 0.10 0.01 0.13 0.01 0.02 0.15 0.11 0.06 0.07 0.16 0.12 0.11 0.04 0.08 0.06 0.07 0.05 0.30 0.42 22.90 0.28 0.03 0.15 0.92 1.21 0.06 0.09 0.06 0.00

0.01 + 38.40 + 0.11 unch 0.09 0.13 0.21 41.06 0.26 + 0.35 + 0.99 + 0.20 + 0.30 0.39 0.05 unch 0.04 0.43 0.11 + 0.13 unch 0.25 0.34 0.06 + 0.10 + 0.09 0.14 unch 4.44 unch 5.99 unch 0.08 0.06 0.11 0.16 + 0.15 0.05 unch 0.04 0.03 unch 0.86 1.15 0.00 + 0.16 0.00 unch 0.07 unch 0.05 unch 0.11 + 0.09 + 0.22 2.50 + 1.87 + 0.01 unch 0.02 0.21 unch 0.05 unch 34.50 + 0.29 0.03 unch 0.11 + 0.16 + 16.82 + 12.40 + 0.08 unch 2.21 1.66 0.10 0.09 + 0.12 0.75 + 1.01 + 0.07 0.05 0.02 unch 0.04 unch 0.04 0.10 0.32 0.25 0.23 + 0.21 + 0.59 + 0.45 0.02 + 0.02 + 0.10 unch 0.01 unch 0.07 0.10 0.17 + 0.11 0.15 unch 0.01 + 0.03 + 0.04 0.26 0.05 unch 0.35 unch 0.02 unch 0.04 unch 0.02 0.02 + 18.40 + 13.83 + 0.07 unch 0.08 0.00 unch

0.00 0.28 0.00 0.00 0.06 0.03 1.19 0.02 0.04 0.08 0.05 0.00 0.01 0.00 0.00 0.02 0.02 0.00 0.01 0.02 0.00 0.03 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.03 0.02 0.00 0.01 0.00 0.00 0.00 0.03 0.01 0.08 0.13 0.12 0.00 0.01 0.00 0.00 1.36 0.05 0.00 0.00 0.03 1.68 1.02 0.00 0.06 0.05 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.00 0.01 0.04 0.01 0.00 0.01 0.01 0.00 0.00 0.03 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.89 0.68 0.00 0.01 0.00

0.01 42.28 0.46 2.77 0.38 0.49 42.50 1.12 1.44 1.86 0.39 0.40 0.47 0.06 0.05 0.72 0.20 0.29 0.39 0.50 0.15 0.19 0.22 0.90 4.58 6.01 0.12 0.09 0.40 0.56 0.25 0.30 0.22 0.90 2.66 3.44 0.00 0.25 0.00 0.11 0.08 0.26 0.19 0.45 2.50 1.83 0.06 0.08 0.30 0.06 41.98 0.38 0.05 0.25 0.30 24.69 19.05 0.35 3.31 2.53 0.16 0.29 0.40 0.94 1.30 0.31 0.25 0.07 0.04 0.07 0.19 0.72 0.56 0.37 0.36 0.74 0.58 0.05 0.04 0.45 0.03 0.13 0.18 0.71 0.28 0.36 0.06 0.12 0.17 0.42 0.15 0.46 0.07 0.11 0.09 0.06 26.30 19.91 0.19 0.24 0.00

0.00 28.77 0.08 0.06 0.13 0.20 28.00 0.21 0.27 0.55 0.10 0.19 0.23 0.03 0.02 0.33 0.07 0.10 0.09 0.12 0.04 0.06 0.09 0.09 2.23 2.85 0.05 0.03 0.09 0.13 0.10 0.05 0.04 0.03 0.70 0.90 0.00 0.13 0.00 0.04 0.03 0.05 0.03 0.22 1.18 0.86 0.01 0.02 0.13 0.03 29.06 0.22 0.02 0.04 0.07 11.00 8.22 0.06 2.05 1.54 0.05 0.02 0.08 0.73 0.91 0.06 0.04 0.02 0.01 0.02 0.09 0.30 0.22 0.16 0.06 0.52 0.39 0.01 0.00 0.03 0.01 0.04 0.06 0.17 0.09 0.12 0.01 0.02 0.03 0.21 0.05 0.25 0.00 0.03 0.02 0.01 8.62 6.62 0.06 0.07 0.00

N-O

20-23_APR1_StockTables.indd 22

0.01 37.65 0.10 0.07 0.13 0.20 40.87 0.23 0.32 0.84 0.16 0.28 0.38 0.05 0.04 0.41 0.11 0.13 0.25 0.33 0.05 0.07 0.09 0.14 4.44 5.99 0.07 0.05 0.10 0.14 0.13 0.05 0.04 0.03 0.84 1.12 0.00 0.15 0.00 0.07 0.05 0.07 0.08 0.22 2.35 1.74 0.01 0.00 0.21 0.03 32.66 0.29 0.03 0.10 0.14 15.28 11.27 0.08 2.19 1.63 0.10 0.08 0.12 0.75 1.00 0.07 0.05 0.02 0.04 0.03 0.10 0.32 0.24 0.21 0.00 0.55 0.42 0.02 0.00 0.07 0.01 0.07 0.10 0.17 0.11 0.14 0.00 0.02 0.04 0.26 0.05 0.32 0.02 0.03 0.02 0.01 17.48 13.02 0.00 0.07 0.00

(100s)

High Low

Exc Volume

(100s) Stock

Week High

Low

Northcliff Res T 88 Northern Light 822 Northern Uran V 10 Northern Uran* O 8 Northisle C&G V 229 Norvista Cap V 122 NorZinc T 399 NorZinc* O 116 Nouveau Monde V 302 Nouveau Monde*O 65 NovaGold Res T 1480 NovaGold Res* X 5339 Novo Res* O 573 Novo Res V 669 NRG Metals* O 823 NRG Metals V 1129 Nrthn Graphite V 152 Nrthn Graphite* O 184 Nrthn Lion* O 0 Nrthn Lion V 10 Nrthn Mnrls &E* O 90 Nrthn Shield V 3567 Nrthn Superior* O 11 Nrthn Superior V 31 Nrthn Vertex* O 52 Nrthn Vertex V 373 NSGold V 194 NSS Res Inc 212 Nthn Dynasty* X 5864 Nthn Dynasty T 1335 Nthrn Sphere* O 78 Nthrn Sphere 126 Nubian Res V 86 Nuinsco Res 2186 Nuinsco Res* O 303 NuLegacy Gold V 417 NuLegacy Gold* O 534 Nutrien* N 11299 Nutrien T 9508 NV Gold V 258 NV Gold* O 31 NX Uranium* O 60 NxGold Ltd V 242 Nyrstar NV* O 10 O.T. Mining* O 2 OceanaGold* O 3 OceanaGold T 7698 Oceanic Iron O V 284 Oceanic Iron O* O 1 Oceanus Res V 25 Odyssey Res V 5 Olivut Res V 15 Olivut Res* O 44 Omineca Mining V 533 Omineca Mining* O 271 One World Lith 380 One World Lith* O 12 Opawica Expl* O 0 Opawica Expl V 831 Opus One Res V 42 Orbite Tech* O 82 Orca Gold V 101 Orca Gold* O 52 Orefinders Res V 263 Orestone Mng V 2161 Orex Mnrls* O 1 Orex Mnrls V 144 Orezone Gold* O 60 Orezone Gold V 1413 Orford Mining V 89 OrganiMax* O 4 OrganiMax V 32 Origin Gold V 157 Orla Mng Ltd* O 57 Orla Mng Ltd T 313 Oro East Mg* O 207 Oroco Res V 680 Oroco Res* O 393 Orocobre T 112 Oronova Energy* O 960 Oronova Energy V 327 Oroplata Res* O 1410 Orosur Mng T 28 Orsu Metals V 62 Orvana Mnrls* O 71 Orvana Mnrls T 274 Osino Res V 263 Osisko Gold* N 2710 Osisko Gold T 2055 Osisko Metals* O 6 Osisko Metals V 753 Osisko Mng Inc T 2045 Osprey Gold V 264 Otis Gold V 199 Otis Gold* O 142 Outcrop Gold V 413 Outcrop Gold* O 298 OZ Minerals* O 1

0.08 0.04 0.01 0.00 0.07 0.11 0.09 0.07 0.25 0.19 5.91 4.41 2.57 3.39 0.05 0.06 0.20 0.15 0.00 0.46 0.09 0.08 0.19 0.25 0.18 0.25 0.12 0.12 0.70 0.93 0.01 0.02 0.09 0.02 0.01 0.12 0.09 54.20 71.91 0.15 0.11 0.40 0.10 0.39 0.06 3.20 4.37 0.09 0.06 0.10 0.03 0.11 0.09 0.07 0.06 0.18 0.14 0.00 0.07 0.05 0.03 0.49 0.37 0.06 0.19 0.05 0.09 0.40 0.54 0.10 0.03 0.04 0.10 0.82 1.10 0.00 0.29 0.22 3.36 0.05 0.10 0.25 0.07 0.28 0.16 0.22 0.39 11.76 15.73 0.37 0.52 3.49 0.06 0.11 0.09 0.38 0.28 7.08

0.08 0.03 0.01 0.00 0.06 0.10 0.09 0.06 0.24 0.18 5.47 4.10 2.24 2.96 0.03 0.05 0.17 0.13 0.00 0.35 0.08 0.05 0.16 0.22 0.17 0.21 0.08 0.11 0.64 0.86 0.01 0.02 0.09 0.02 0.01 0.11 0.08 50.43 67.70 0.11 0.09 0.25 0.08 0.39 0.06 3.05 4.07 0.08 0.06 0.10 0.03 0.00 0.07 0.06 0.05 0.17 0.14 0.00 0.00 0.04 0.00 0.47 0.34 0.05 0.12 0.00 0.08 0.37 0.50 0.09 0.03 0.00 0.08 0.78 1.04 0.00 0.26 0.20 3.11 0.05 0.07 0.20 0.00 0.25 0.15 0.20 0.37 11.31 15.08 0.37 0.49 3.18 0.05 0.10 0.07 0.30 0.23 7.04

Pac Bay Mnrls* O 0 Pac Bay Mnrls V 15 Pac Booker Min* O 4 Pac Booker Min V 34 Pac Imperial V 595 Pac Iron Ore V 1 Pac Ridge Expl V 92 Pac Ridge Expl* O 2 Pac Wildcat* O 471 Pacific Empire V 149 Pacific Rim* O 314 Pacific Rim 1906 Pacific Silk V 14 Pacton Gold V 1260 Paladin Energy* O 35 Palamina Corp V 100 Palamina Corp* O 37 Pan Am Silver* D 12265 Pan Am Silver T 2351 Pan Andean Min V 3166 Pan Andean Min*O 0 Pan Global Res V 45 Pancontinental V 583 Pancontinental* O 5 Pangolin Dia V 538 Panoro Mnrls V 304 PanTerra Gold* O 1 Pantheon Vent V 43 Para Resources V 307 Parallel Mng V 178 Paramount Gold* X 59 Paringa Res* O 48 Paringa Res* D 6 Parlane Res V 19 Pasinex Res 535 Patriot Gold* O 43 Peabody Enrgy* N 3515 Pedro Res V 59 Pelangio Expl* O 5 Pelangio Expl V 38 Peloton Mnrls 29 Peloton Mnrls* O 50 PepinNini Lith* O 50 Perseus Mng T 469 Pershing Gold T 26 Pershing Gold* D 386 Pershing Res* O 626 Peruvian Metal* O 5 Peruvian Metal V 205 Petra Diamonds* O 100 Philex Mng* O 10 Philippine Mtl V 5 Pine Cliff En* O 413 Pine Cliff En T 347 Pinecrest Res * O 1 Pinecrest Res V 145 Pistol Bay Mng* O 2 Pistol Bay Mng V 123 Pivit Explor 280 PJSC Polyus Gd*O 0 PJX Res V 231 Plata Latina V 30 Plateau Energy* O 140 Plateau Energy V 565 Platinex Inc 373 Platinex Inc* O 81 Platinum Gp Mt T 145 Platinum Gp Mt* X 556 Plato Gold V 1008 Playfair Mng V 563 Playfair Mng* O 200

0.00 0.07 2.05 2.85 0.03 0.00 0.06 0.03 0.00 0.07 0.26 0.34 0.02 0.24 0.13 0.38 0.28 13.53 18.12 0.09 0.00 0.09 0.04 0.02 0.04 0.23 0.01 0.09 0.20 0.03 0.95 0.14 5.10 0.07 0.10 0.09 30.49 0.23 0.22 0.31 0.10 0.08 0.00 0.49 1.55 1.18 0.01 0.02 0.04 0.31 0.06 0.05 0.20 0.26 0.17 0.23 0.03 0.05 0.09 44.80 0.24 0.02 0.49 0.66 0.05 0.04 2.67 2.00 0.03 0.06 0.02

Last

12-month Change

High Low

0.08 unch 0.03 unch 0.01 + 0.00 unch 0.06 0.10 unch 0.09 unch 0.07 0.24 0.18 5.82 + 4.32 + 2.31 3.09 0.04 0.05 unch 0.19 unch 0.13 0.15 unch 0.37 + 0.09 + 0.06 0.19 + 0.25 + 0.17 0.22 + 0.12 + 0.12 unch 0.65 0.89 + 0.01 unch 0.02 unch 0.09 unch 0.02 0.01 + 0.11 0.08 50.47 67.73 0.15 + 0.11 unch 0.25 0.09 0.39 unch 0.06 unch 3.05 4.35 + 0.09 + 0.06 unch 0.10 unch 0.03 unch 0.11 + 0.09 + 0.07 unch 0.06 + 0.18 0.14 + 0.05 unch 0.07 unch 0.05 unch 0.01 0.47 unch 0.36 + 0.06 + 0.19 + 0.05 unch 0.08 + 0.40 + 0.54 + 0.10 + 0.03 0.04 unch 0.09 0.78 1.04 0.00 0.27 0.21 3.22 + 0.05 unch 0.10 + 0.25 + 0.06 0.25 0.15 0.21 unch 0.37 + 11.66 + 15.66 + 0.37 unch 0.50 unch 3.26 0.05 unch 0.10 0.07 0.38 + 0.28 + 7.08 +

0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.11 0.01 0.26 0.26 0.01 0.00 0.00 0.02 0.00 0.02 0.01 0.02 0.03 0.02 0.00 0.01 0.04 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.01 3.03 3.60 0.02 0.00 0.10 0.01 0.00 0.00 0.14 0.10 0.02 0.00 0.00 0.00 0.02 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.02 0.01 0.06 0.00 0.01 0.02 0.02 0.03 0.00 0.00 0.01 0.05 0.05 0.00 0.01 0.00 0.08 0.00 0.03 0.03 0.01 0.03 0.01 0.00 0.01 0.24 0.23 0.00 0.00 0.09 0.00 0.02 0.02 0.08 0.05 0.08

0.12 0.15 0.02 0.01 0.18 0.15 0.17 0.13 0.37 0.28 6.47 5.05 5.00 6.42 0.29 0.38 0.45 0.34 0.43 0.55 0.10 0.10 0.22 0.50 0.41 0.54 0.15 0.45 1.12 1.47 0.11 0.15 0.31 0.08 0.04 0.22 0.17 58.99 76.17 1.22 0.92 1.00 0.32 7.36 0.24 3.74 5.01 0.15 0.06 0.25 0.06 0.14 0.12 0.07 0.06 0.22 0.15 0.08 0.28 0.10 0.05 0.66 0.52 0.14 0.17 0.13 0.17 0.74 0.92 0.33 0.20 0.26 0.15 1.15 1.55 0.01 0.39 0.26 6.01 0.10 0.16 0.42 0.20 0.34 0.19 0.24 0.64 12.08 16.08 0.55 0.70 3.75 0.10 0.32 0.25 0.55 0.33 8.02

0.05 0.03 0.01 0.00 0.06 0.06 0.08 0.05 0.21 0.17 4.49 3.41 1.42 1.89 0.03 0.05 0.14 0.09 0.15 0.15 0.02 0.02 0.02 0.15 0.14 0.19 0.07 0.08 0.43 0.55 0.01 0.02 0.08 0.01 0.00 0.08 0.08 43.96 56.55 0.07 0.05 0.01 0.06 0.59 0.04 2.41 3.13 0.04 0.03 0.05 0.02 0.07 0.05 0.02 0.01 0.12 0.10 0.02 0.05 0.02 0.00 0.38 0.28 0.04 0.06 0.05 0.07 0.31 0.42 0.07 0.03 0.04 0.07 0.00 0.94 0.00 0.11 0.08 2.74 0.05 0.06 0.06 0.02 0.17 0.09 0.12 0.20 7.00 9.27 0.37 0.46 1.60 0.04 0.08 0.06 0.10 0.01 5.90

0.05 unch 0.07 unch 2.05 + 2.80 + 0.03 unch 0.08 unch 0.06 + 0.03 0.00 + 0.07 unch 0.25 + 0.34 + 0.02 unch 0.23 + 0.12 unch 0.30 unch 0.26 + 13.36 + 17.95 + 0.09 unch 0.06 unch 0.08 0.04 0.02 + 0.04 unch 0.20 0.01 unch 0.07 0.20 + 0.03 unch 0.89 + 0.14 + 5.10 + 0.07 + 0.09 unch 0.07 28.95 0.21 0.22 unch 0.28 unch 0.10 unch 0.08 unch 0.00 unch 0.47 + 1.51 1.14 0.01 0.02 0.04 0.31 + 0.06 + 0.05 unch 0.19 0.26 unch 0.17 unch 0.22 0.03 unch 0.05 unch 0.09 unch 44.80 + 0.22 0.02 unch 0.44 0.60 0.05 unch 0.04 unch 2.55 + 1.88 0.02 + 0.05 unch 0.02 +

0.00 0.00 0.11 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.10 0.11 0.00 0.01 0.00 0.00 0.04 0.06 0.56 0.00 0.00 0.01 0.01 0.00 0.00 0.03 0.00 0.03 0.01 0.00 0.02 0.05 0.02 0.01 0.00 0.01 0.48 0.03 0.00 0.00 0.00 0.00 0.00 0.05 0.02 0.02 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.30 0.01 0.00 0.06 0.07 0.00 0.00 0.02 0.02 0.01 0.00 0.00

0.05 0.20 2.26 3.00 0.06 0.13 0.07 0.05 0.39 0.20 0.45 0.57 0.05 1.02 0.50 0.47 0.37 18.75 24.22 0.13 0.08 0.28 0.09 0.07 0.08 0.39 0.02 0.12 0.24 0.08 1.64 0.33 10.38 0.30 0.22 0.15 47.84 0.29 0.29 0.55 0.15 0.12 0.02 0.50 2.71 2.11 0.05 0.07 0.10 1.06 0.10 0.09 0.32 0.45 0.19 0.28 0.05 0.12 0.19 48.00 0.36 0.05 1.27 1.69 0.18 0.11 4.20 3.30 0.06 0.09 0.06

0.01 0.06 0.50 0.65 0.02 0.03 0.04 0.02 0.00 0.06 0.07 0.10 0.02 0.23 0.02 0.25 0.20 12.12 16.05 0.03 0.02 0.08 0.04 0.02 0.03 0.13 0.00 0.06 0.12 0.02 0.81 0.08 4.70 0.03 0.06 0.04 28.07 0.17 0.02 0.12 0.03 0.05 0.00 0.25 1.06 0.80 0.01 0.02 0.03 0.30 0.02 0.04 0.17 0.22 0.14 0.18 0.02 0.03 0.07 29.00 0.15 0.02 0.42 0.55 0.03 0.04 1.15 0.83 0.01 0.02 0.01

P-Q 0.00 0.07 1.94 2.60 0.02 0.00 0.00 0.00 0.00 0.07 0.17 0.23 0.00 0.23 0.00 0.28 0.20 12.79 17.05 0.08 0.00 0.08 0.04 0.02 0.03 0.19 0.01 0.07 0.17 0.03 0.87 0.09 0.00 0.00 0.09 0.06 28.89 0.21 0.00 0.25 0.09 0.08 0.00 0.43 1.44 1.07 0.01 0.00 0.00 0.31 0.05 0.05 0.18 0.25 0.17 0.22 0.00 0.00 0.09 0.00 0.17 0.02 0.43 0.57 0.04 0.04 2.44 1.83 0.02 0.03 0.00

Exc Volume

Week High

Low

PolyMet Mng* X 8189 PolyMet Mng T 106 Portage Res* O 6080 Portofino Res V 35 Potash Ridge* O 86 Potash Ridge T 909 Power Group V 56 Power Group* O 8 Power Metals* O 176 Power Metals V 513 PowerOre V 334 PPX Mining* O 5 PPX Mining V 1713 Precipitate Gl* O 29 Precipitate Gl V 58 Premier Gold M T 1194 Premium Expl* O 3 Pretium Res* N 7395 Pretium Res T 1921 Primary Energy 196 Prism Res V 1350 Prize Mng* O 154 Prize Mng V 647 Probe Metals* O 38 Probe Metals V 59 Prog Planet V 428 Prog Planet* O 0 Promithian Gl * O 0 Prophecy Coal* O 455 Prophecy Coal T 1113 Prosper Gold V 242 Prospero Silvr V 25 Prospero Silvr* O 120 Provenance Gld 207 Providence V 219 Providence Gld* O 16 PUF Vent Inc * O 19404 Puma Expl V 1421 Puma Expl* O 31 Pure Alumina* O 4 Pure Energy* O 288 Pure Energy V 256 Pure Gold Mg* O 524 Pure Gold Mg V 1295 Pure Nickel V 55 Pure Nickel* O 6 Purepoint Uran V 1447 Q-Gold Res V 32 QC Precious V 252 QC Precious * O 29 QMC Quantum MlV 203 QMC Quantum Ml*O 310 QMX Gold* O 60 QMX Gold V 150 Quantum Cobalt 44 Quartz Mtn Res V 6 Quartz Mtn Res* O 6 Quaterra Res V 169 Quaterra Res* O 588 Quest Rare Mnl* O 46 Quinto Res V 772

0.91 1.22 0.00 0.11 0.05 0.06 0.13 0.10 0.13 0.16 0.11 0.06 0.08 0.10 0.13 1.77 0.00 8.74 11.64 0.12 0.04 0.03 0.03 0.81 1.08 0.04 0.00 0.00 0.20 0.26 0.10 0.07 0.06 0.20 0.10 0.08 0.64 0.04 0.02 0.02 0.07 0.10 0.45 0.60 0.01 0.01 0.10 0.20 0.33 0.25 0.30 0.23 0.04 0.06 0.06 0.30 0.23 0.12 0.09 0.00 0.07

0.65 0.86 0.00 0.09 0.04 0.06 0.10 0.00 0.11 0.15 0.09 0.05 0.08 0.08 0.12 1.68 0.00 8.31 11.08 0.11 0.04 0.02 0.03 0.74 0.99 0.04 0.00 0.00 0.17 0.24 0.09 0.07 0.05 0.15 0.00 0.08 0.41 0.03 0.02 0.02 0.06 0.08 0.40 0.54 0.01 0.01 0.08 0.19 0.32 0.24 0.27 0.20 0.03 0.05 0.05 0.00 0.22 0.10 0.07 0.00 0.05

Rackla Mtls* O 1 Rackla Mtls V 0 Radisson Mng V 1095 Radius Gold V 244 Rainforest Res* O 0 Rainy Mtn Royl* O 2 Rainy Mtn Royl V 276 Rambler Metals* O 23 Rare Element* O 564 Rathdowney Res V 100 Ravencrest Res 592 Razore Rock Res 8 Red Eagle Mng* O 36 Red Moon Res V 13 Red Pine Expl V 182 Redstar Gold V 426 Redstar Gold* O 292 Regulus Res V 253 Remington Res V 4 Renaissance Gd*O 108 Renaissance Gd V 36 Renforth Res 275 Resolve Vent V 656 Resource Cap* O 50 Reunion Gold V 480 Revelo Res V 1007 Revival Gold * O 101 Revival Gold V 391 Rhyolite Res V 1869 Richmond Mnls V 16 Rift Valley 268 Rimrock Gold* O 177553 Rio Silver V 348 Rio Silver* O 1 Rio Tinto* O 2 Rio Tinto* N 19208 Rio Tinto* O 1 Rio2 Limited* O 0 Rio2 Limited V 294 Rise Gold Corp 4849 Rise Gold Corp* O 2349 Riverside Res V 460 Riverside Res* O 481 Rizal Res V 0 RJK Explor V 1268 RJK Explor* O 202 Robex Res V 198 Rochester Res V 15 Rock Tech Lith V 20 Rock Tech Lith* O 1 Rockcliff Met* O 35 Rockex Mng 3 Rockhaven Res V 124 Rockridge Res V 306 Rockshield Cap* O 22 Rockshield Cap 248 Rockwealth Res V 60 Rodinia Lithm V 80 Rogue Res* O 74 Rogue Res V 59 Rojo Res V 26 Rojo Res* O 0 Rokmaster Res V 103 Romios Gold Rs V 195 Romios Gold Rs* O 108 RosCan Gold* O 141 RosCan Gold V 4206 Rosita Mg Corp* O 301 Rosita Mg Corp V 1217 Rotation Mnls V 4517 Roughrider Exp V 106 Rover Metals V 188 Rover Metals* O 78 Roxgold T 3960 Roxgold* O 156 Royal Gold* D 1671 Royal Mines &M* O 56 Royal Nickel T 3223 Royal Nickel* O 723 Royal Rd Mnrls V 891 Royal Std Mnrl* O 7 RT Minerals V 3 RTG Mining T 263 Rubicon Mnrls* O 12 Rubicon Mnrls T 23 Rugby Mng V 73 Running Fox Rs* O 5 Running Fox Rs V 9 Rupert Res V 33 Rusoro Mng* O 227 Rusoro Mng V 8665

0.06 0.00 0.13 0.11 0.00 0.01 0.03 0.02 0.11 0.11 0.61 0.09 0.00 0.07 0.05 0.03 0.02 1.81 0.17 0.16 0.21 0.05 0.09 0.01 0.18 0.02 0.55 0.74 0.19 0.03 0.10 0.00 0.04 0.02 56.35 58.08 64.86 0.00 0.45 0.12 0.10 0.17 0.13 0.00 0.12 0.08 0.08 0.05 0.89 0.68 0.11 0.00 0.17 0.26 0.08 0.11 0.16 0.06 0.08 0.07 0.17 0.00 0.04 0.05 0.04 0.21 0.30 0.04 0.05 0.16 0.09 0.07 0.06 0.96 0.72 92.90 0.00 0.53 0.40 0.15 1.00 0.00 0.12 0.98 1.28 0.20 0.01 0.02 0.85 0.12 0.16

Last

12-month Change

Stock

0.70 + 0.95 + 0.00 unch 0.09 0.04 0.06 unch 0.13 + 0.09 0.12 + 0.16 unch 0.09 0.05 0.08 unch 0.08 0.12 1.71 unch 0.00 unch 8.53 11.47 0.12 unch 0.04 unch 0.02 0.03 unch 0.74 1.00 0.04 + 0.04 unch 0.06 unch 0.17 0.24 0.09 0.07 + 0.06 0.17 0.10 0.08 unch 0.54 + 0.04 unch 0.02 unch 0.02 + 0.07 + 0.10 + 0.43 + 0.59 + 0.01 unch 0.01 0.09 + 0.20 + 0.32 0.24 + 0.28 0.20 0.03 0.06 + 0.05 0.30 0.23 0.11 unch 0.08 0.00 + 0.05 -

0.03 0.06 0.00 0.03 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.00 0.00 0.10 0.01 0.00 0.00 0.00 0.00 0.04 0.07 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.03 0.01 0.00 0.12 0.00 0.00 0.00 0.00 0.01 0.03 0.06 0.00 0.00 0.02 0.01 0.01 0.00 0.02 0.02 0.01 0.01 0.01 0.02 0.01 0.00 0.01 0.00 0.01

1.25 1.60 0.02 0.42 0.09 0.11 2.20 0.18 0.55 0.70 0.45 0.08 0.11 0.12 0.15 3.35 0.02 9.84 12.87 1.50 0.08 0.21 0.28 1.12 1.49 0.10 0.07 0.10 2.75 0.74 0.18 0.15 0.11 0.39 0.19 0.15 0.60 0.08 0.07 0.10 0.26 0.33 0.62 0.81 0.04 0.03 0.11 0.24 0.52 0.33 0.68 0.51 0.15 0.18 0.44 0.80 0.70 0.13 0.10 0.01 0.14

0.65 0.86 0.00 0.06 0.02 0.03 0.10 0.01 0.10 0.15 0.05 0.03 0.05 0.03 0.04 1.39 0.00 6.51 8.33 0.10 0.03 0.02 0.03 0.68 0.91 0.03 0.02 0.01 0.09 0.11 0.06 0.05 0.04 0.10 0.09 0.08 0.06 0.03 0.02 0.02 0.03 0.05 0.38 0.50 0.01 0.00 0.06 0.10 0.25 0.19 0.16 0.12 0.03 0.05 0.04 0.27 0.22 0.05 0.04 0.00 0.02

0.06 unch 0.08 unch 0.12 + 0.11 4.50 unch 0.01 unch 0.02 0.01 0.11 + 0.11 unch 0.58 0.09 unch 0.00 unch 0.07 unch 0.05 unch 0.03 unch 0.02 1.80 + 0.17 unch 0.15 0.20 0.05 unch 0.09 + 0.01 unch 0.17 + 0.01 unch 0.52 0.69 0.18 unch 0.03 unch 0.10 + 0.00 0.04 unch 0.02 unch 56.10 + 56.14 + 64.86 + 0.42 unch 0.44 + 0.11 + 0.08 + 0.17 + 0.12 + 0.03 unch 0.12 + 0.08 0.08 + 0.05 unch 0.89 + 0.68 unch 0.11 unch 0.03 unch 0.17 + 0.26 0.08 + 0.10 unch 0.15 unch 0.05 0.04 0.07 unch 0.17 + 0.17 unch 0.04 0.05 + 0.04 + 0.21 + 0.29 + 0.04 + 0.04 0.15 + 0.08 0.06 0.06 unch 0.91 + 0.68 92.06 + 0.00 0.52 0.39 0.15 + 0.90 0.08 unch 0.11 unch 0.93 + 1.23 0.20 + 0.01 unch 0.02 unch 0.85 + 0.10 + 0.12 -

0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.03 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.00 0.05 0.06 0.00 0.00 0.01 0.00 0.00 0.00 1.46 0.16 1.37 0.00 0.02 0.02 0.02 0.01 0.00 0.00 0.03 0.00 0.01 0.00 0.07 0.00 0.00 0.00 0.03 0.01 0.01 0.00 0.00 0.01 0.04 0.00 0.01 0.00 0.02 0.01 0.00 0.05 0.05 0.01 0.01 0.02 0.01 0.01 0.00 0.03 0.00 1.41 0.00 0.01 0.01 0.02 0.10 0.00 0.00 0.03 0.06 0.02 0.00 0.00 0.05 0.01 0.01

0.11 0.15 0.16 0.19 9.45 0.03 0.04 0.07 0.23 0.18 1.38 0.27 0.23 0.16 0.10 0.06 0.04 2.30 0.36 0.23 0.27 0.06 0.18 0.07 0.23 0.06 0.73 0.99 0.22 0.06 0.11 0.00 0.06 0.02 60.00 60.72 69.98 0.81 1.15 0.15 0.12 0.33 0.42 0.05 0.23 0.13 0.12 0.08 1.59 1.19 0.14 0.10 0.19 0.35 0.34 0.43 0.23 0.30 0.23 0.30 0.30 0.31 0.16 0.09 0.07 0.21 0.30 0.05 0.08 0.24 0.25 0.11 0.06 1.35 1.02 98.53 0.01 1.18 0.90 0.14 3.14 0.35 0.20 1.26 1.73 0.42 0.02 0.03 1.29 0.32 0.42

0.05 0.06 0.09 0.09 3.50 0.01 0.02 0.01 0.03 0.04 0.38 0.06 0.00 0.04 0.04 0.02 0.01 1.25 0.17 0.11 0.15 0.02 0.07 0.00 0.11 0.01 0.42 0.54 0.15 0.02 0.05 0.00 0.04 0.02 43.47 44.62 50.48 0.25 0.37 0.05 0.04 0.13 0.10 0.01 0.04 0.00 0.07 0.03 0.76 0.64 0.06 0.01 0.09 0.20 0.06 0.09 0.11 0.05 0.04 0.06 0.10 0.00 0.04 0.04 0.02 0.13 0.05 0.01 0.03 0.07 0.07 0.03 0.05 0.72 0.55 70.16 0.00 0.07 0.05 0.06 0.01 0.05 0.09 0.74 1.00 0.14 0.01 0.01 0.75 0.04 0.06

1.32 0.98 0.11 0.16 0.00 unch 1.27 + 0.03 unch 0.04 + 0.11 unch 0.15 + 0.41 + 0.25 0.18 0.04 0.00 unch 0.00 unch 0.05 0.07 0.05 + 0.09 0.07 -

0.07 0.04 0.00 0.01 0.00 0.07 0.00 0.01 0.00 0.01 0.01 0.02 0.03 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.01

1.82 1.48 0.28 0.37 0.09 2.00 0.04 0.14 0.12 0.17 0.47 0.47 0.37 0.08 0.00 0.01 0.22 0.28 0.06 0.11 0.10

1.11 0.85 0.10 0.13 0.00 0.70 0.01 0.02 0.07 0.10 0.31 0.22 0.17 0.02 0.00 0.00 0.04 0.06 0.02 0.06 0.05

R 0.06 0.00 0.11 0.11 0.00 0.01 0.00 0.00 0.07 0.11 0.56 0.09 0.00 0.07 0.05 0.02 0.02 1.72 0.17 0.14 0.19 0.04 0.08 0.01 0.16 0.01 0.51 0.69 0.16 0.03 0.09 0.00 0.04 0.02 0.00 55.89 63.49 0.00 0.41 0.09 0.07 0.15 0.11 0.00 0.09 0.07 0.08 0.00 0.84 0.00 0.11 0.00 0.15 0.24 0.07 0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.04 0.04 0.03 0.16 0.20 0.04 0.04 0.11 0.08 0.06 0.05 0.88 0.66 88.72 0.00 0.51 0.38 0.14 0.90 0.00 0.11 0.91 1.20 0.19 0.01 0.02 0.77 0.09 0.11

S Sabina Gd&Slvr T Sabina Gd&Slvr* O Sable Res* O Sable Res V Sage Gold* O Sailfish Rylty V Saint Jean* O Saint Jean V Salazar Res* O Salazar Res V Salt Lake Pot* O Sama Res V Sama Res* O Samco Gold V Samex Mng* O San Gold Corp* O San Marco Res* O San Marco Res V Sanatana Diam V Sandfire Res V Sandfire Res* O

522 199 15 725 1 23 130 920 350 269 31 1301 121 99 42 2 225 23 1884 769 369

1.40 1.06 0.11 0.17 0.00 1.27 0.04 0.04 0.11 0.15 0.41 0.28 0.22 0.06 0.00 0.00 0.05 0.07 0.05 0.10 0.08

1.30 0.97 0.00 0.15 0.00 1.19 0.02 0.04 0.11 0.15 0.41 0.23 0.18 0.04 0.00 0.00 0.04 0.07 0.05 0.06 0.05

(100s)

High Low

Exc Volume

Week High

Low

238 Sandspring Res* O 415 Sandspring Res V Sandstorm Gold T 3398 Sandstorm Gold* X 6122 3 Sandy Lake Gld* O 690 Sandy Lake Gld V Santa Fe Gold* O 5665 719 Santacruz Silv V 554 V Sarama Res 939 O Sarissa Res* 73 V Satori Res 132 O Satori Res* V 1521 Saturn Mnrls V 9872 Savary Gold 98 Savary Gold* O V 1210 Saville Res 263 Scandium Intl* O 208 Scandium Intl T Scorpio Gold V 3439 113 Scotch Creek 0 V ScoZinc Mg 0 ScoZinc Mg* O 276 Seabridge Gld T Seabridge Gld* N 1569 10 Seafield Res* O 383 V Search Mnls 2 O Searchlight* 242 SearchlightMin* O 221 SearchlightRes V 0 Secova Mtls* O V 2877 Secova Mtls V 1055 Sego Res 112 Select Sands V T 4360 Semafo 0 Sennen Potash* O 0 O Serabi Gold* 11 T Serabi Gold 450 Serengeti Res V 415 Shamrock Ent 500 Shear Diamonds*O T 4427 Sherritt Intl 150 Shine Minerals* O 20 Shoshoni Gold V Sibanye-Stillw* N 37670 12 Sibanye-Stillw* O 216 Sidney Resrces* O 10 O Sienna Res* 519 V Sienna Res 9 Sierra Madre D V 18 Sierra Metals T 103 Sierra Metals* X 75 Sigma Lithium V 247 Signature Res* O 592 Signature Res V 35 Silver Bear Rs* O 90 Silver Bear Rs T 910 Silver Bull Re* O 500 Silver Bull Re T 34 V Silver Grail 106 Silver Mtn Mns V 90 Silver Mtn Mns* O 0 Silver Phoenix 23 Silver Predatr* O 12 Silver Predatr V 329 V Silver Range 20 O Silver Scott* 311 Silver Spruce* O Silver Spruce V 7348 1 Silver Stream* O 2 O Silver Viper* 43 V Silver Viper Silvercorp Met T 1223 Silvercorp Met* X 1635 229 X SilverCrest* 325 V SilverCrest 120 Silverore Mns* O 9 Silverstar Res* O 24 O Sirios Res* 350 V Sirios Res 161 Sitka Gold 540 Sixty North 135 Skeena Res* O 626 V Skeena Res 168 Skyharbour Res* O 523 Skyharbour Res V 0 Slam Explor* O 13 V Slam Explor 205 Slave Lake Zn 304 Sojourn Explor V 50 Sojourn Explor* O Sokoman Min V 8306 224 Sokoman Min* O 125 T SolGold plc 166 O SolGold plc* 258 Solitario Ex&R T 713 Solitario Ex&R* X 25 Solstice Gold V 106 Sonora Gld & S V 177 V Sonoro Mtls 6 O South32* 20 Southern Arc* O 12 Southern Arc V Southern Copp* N 5086 508 Southern Silvr* O 363 Southern Silvr V 85 Spanish Mtn Gd* O 233 Spanish Mtn Gd V 244 V Sparton Res 35 Sparton Res* O 33 Spearmint Res* O 558 Spearmint Res 215 Spey Resources 247 V Sphinx Res 112 Sprott Res Hld T 653 Spruce Ridge R V 208 SRG Graphite V D 4827 SSR Mining* T 1392 SSR Mining 556 T St Augustine 2797 St-Georges Eco 61 St-Georges Eco* O 35 Stakeholdr Gld V 22 Stakeholdr Gld* O Standard Graph* O 3868 Standard Lith V 1145 1 Standard Metal* O 127 Stans Energy V 215 Stans Energy* O Star Diamond T 1606 430 Star Diamond* O 4 O Star Gold* 8 Star Mountain* O 172 T Starcore Intl 50 Starr Peak Exp V 0 Steele Oceanic* O 51 V Stellar Africa 95 Stelmine Can V 44 T Steppe Gold 438 Sterling Grp* O Stornoway Diam T 1726 1 Stornoway Diam*O 155 Stratabd Mnr V 40 Strateco Res* O 123 Strategic Metl* O 210 Strategic Metl V 2 Strategic Res V 0 Strategic Res* O 236 V Stria Lithium 542 Strikepoint Gd V 95 Strikepoint Gd* O 805 Strongbow Expl V 325 Strongbow Expl* O 156 V Stroud Res 192 Sulliden Mng T 822 V Sun Metals Suncor Energy* N 14223 Suncor Energy T 18532 708 Sunvest Mnrls V 17 Sunvest Mnrls* O 15 Superior Gold* O 386 Superior Gold V 47 Supreme Metal* O 521 Supreme Metals 125 Surge Copper V 82 Surge Explor* O 132 Surge Explor V 116 O Sutter Gold* 569 V Sutter Gold 494 O Syrah Res*

0.19 0.26 7.82 5.84 0.09 0.13 0.08 0.06 0.09 0.00 0.09 0.07 0.18 0.13 0.10 0.05 0.13 0.18 0.08 0.13 0.00 0.00 18.94 14.14 0.00 0.05 0.03 0.05 0.03 0.00 0.05 0.04 0.10 3.99 0.00 0.00 0.82 0.28 0.04 0.00 0.45 0.04 0.04 4.85 1.27 0.00 0.03 0.05 0.08 2.26 1.69 1.74 0.06 0.08 0.11 0.15 0.12 0.15 0.04 0.02 0.02 0.00 0.05 0.08 0.11 0.03 0.02 0.04 7.25 0.15 0.22 3.67 2.75 3.63 4.85 0.03 0.04 0.18 0.25 0.15 0.07 0.27 0.36 0.31 0.43 0.01 0.02 0.08 0.10 0.07 0.15 0.11 0.73 0.56 0.56 0.54 0.14 0.07 0.20 2.68 0.47 0.62 39.57 0.14 0.19 0.07 0.09 0.05 0.04 0.03 0.04 0.09 0.05 1.38 0.07 0.93 13.18 17.64 0.03 0.25 0.17 0.05 0.03 0.58 0.97 0.07 0.04 0.03 0.30 0.20 0.04 0.03 0.11 0.09 0.00 0.02 0.12 0.80 0.01 0.20 0.14 0.02 0.00 0.26 0.35 0.23 0.00 0.03 0.14 0.11 0.13 0.10 0.02 0.09 0.49 34.87 46.50 0.04 0.03 0.46 0.66 0.02 0.03 0.07 0.03 0.04 0.01 0.02 0.80

0.16 0.22 7.34 5.50 0.08 0.10 0.05 0.05 0.08 0.00 0.09 0.07 0.15 0.12 0.09 0.05 0.12 0.16 0.07 0.10 0.00 0.00 17.54 13.15 0.00 0.04 0.00 0.04 0.03 0.00 0.04 0.03 0.09 3.75 0.00 0.00 0.72 0.24 0.02 0.00 0.41 0.04 0.04 4.05 0.99 0.00 0.03 0.04 0.07 2.11 1.57 1.59 0.05 0.07 0.09 0.14 0.09 0.13 0.04 0.01 0.02 0.00 0.05 0.07 0.10 0.01 0.02 0.02 7.10 0.15 0.18 3.35 2.51 3.45 4.65 0.02 0.04 0.17 0.23 0.08 0.06 0.26 0.35 0.27 0.36 0.01 0.00 0.07 0.09 0.07 0.11 0.08 0.67 0.48 0.53 0.38 0.14 0.00 0.18 0.00 0.41 0.55 37.53 0.13 0.16 0.05 0.07 0.05 0.03 0.02 0.03 0.08 0.00 1.26 0.06 0.88 12.46 16.64 0.02 0.20 0.15 0.05 0.03 0.49 0.87 0.05 0.03 0.02 0.23 0.17 0.00 0.03 0.00 0.09 0.00 0.00 0.10 0.75 0.01 0.17 0.00 0.00 0.00 0.23 0.31 0.00 0.00 0.03 0.13 0.10 0.10 0.09 0.01 0.08 0.42 33.30 44.68 0.04 0.03 0.41 0.51 0.02 0.02 0.06 0.02 0.04 0.01 0.01 0.71

67 19 9 28 59 446 60

0.08 0.06 0.05 0.06 0.05 0.10 0.00

Last

12-month Change

0.18 + 0.25 + 7.69 + 5.72 + 0.08 0.12 0.05 0.05 0.09 0.00 + 0.09 unch 0.07 + 0.15 0.13 0.10 + 0.05 unch 0.13 + 0.16 0.07 unch 0.13 + 0.52 unch 0.39 unch 18.61 + 13.86 + 0.00 unch 0.05 + 0.03 + 0.04 + 0.03 unch 0.03 unch 0.04 + 0.04 unch 0.10 + 3.88 0.33 unch 0.65 unch 0.74 0.24 0.04 + 0.00 unch 0.42 unch 0.04 unch 0.04 + 4.57 + 1.27 + 0.00 + 0.03 unch 0.05 unch 0.07 2.14 1.58 1.65 0.05 0.07 0.10 0.14 unch 0.10 + 0.14 unch 0.04 unch 0.01 0.02 unch 0.14 unch 0.05 unch 0.08 unch 0.11 0.03 + 0.02 + 0.04 + 7.10 unch 0.15 unch 0.18 3.63 + 2.72 + 3.60 + 4.82 + 0.02 unch 0.04 0.17 0.24 0.12 + 0.07 unch 0.27 + 0.36 + 0.29 + 0.38 + 0.01 unch 0.02 unch 0.07 0.09 0.07 unch 0.15 + 0.11 + 0.72 + 0.52 + 0.55 + 0.42 + 0.14 unch 0.07 unch 0.20 + 2.65 + 0.41 0.55 unch 37.59 0.14 0.18 0.07 + 0.08 unch 0.05 unch 0.03 0.02 0.03 unch 0.08 0.05 unch 1.37 + 0.06 0.90 13.06 + 17.57 + 0.03 + 0.21 unch 0.15 + 0.05 unch 0.03 + 0.52 + 0.88 0.07 + 0.04 unch 0.03 unch 0.26 + 0.19 + 0.04 + 0.03 unch 0.10 0.09 unch 0.55 unch 0.02 unch 0.12 unch 0.80 + 0.01 0.18 0.14 0.02 unch 0.00 0.25 0.31 0.23 unch 0.22 unch 0.03 unch 0.14 0.11 0.11 0.10 + 0.02 unch 0.09 unch 0.46 + 33.65 45.19 + 0.04 unch 0.03 + 0.45 0.60 0.02 + 0.02 0.06 0.02 0.04 unch 0.01 + 0.02 unch 0.74 -

0.02 0.03 0.23 0.10 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.58 0.37 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.03 0.00 0.00 0.09 0.03 0.01 0.00 0.00 0.00 0.01 0.45 0.28 0.00 0.00 0.00 0.02 0.10 0.07 0.05 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.02 0.00 0.00 0.04 0.16 0.12 0.17 0.21 0.00 0.01 0.01 0.01 0.02 0.00 0.00 0.01 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.03 0.03 0.06 0.02 0.03 0.04 0.00 0.00 0.02 0.04 0.00 0.00 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.07 0.01 0.01 0.01 0.25 0.01 0.00 0.00 0.00 0.01 0.01 0.08 0.02 0.00 0.00 0.02 0.03 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.02 0.01 0.00 0.00 0.01 0.04 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.05 0.11 0.17 0.00 0.01 0.01 0.01 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.04

0.07 unch 0.05 0.05 unch 0.06 + 0.05 + 0.10 0.00 unch

0.00 0.01 0.00 0.01 0.01 0.01 0.00

High Low

0.28 0.13 0.35 0.17 7.77 4.60 5.89 3.48 0.10 0.03 0.14 0.04 0.15 0.04 0.16 0.05 0.14 0.05 0.00 0.00 0.11 0.04 0.08 0.03 0.30 0.12 0.13 0.04 0.09 0.02 0.11 0.04 0.24 0.11 0.32 0.13 0.08 0.01 0.13 0.10 1.35 0.41 0.97 0.30 20.10 12.89 15.30 10.20 0.02 0.00 0.09 0.03 0.16 0.01 0.05 0.01 0.23 0.02 0.10 0.01 0.20 0.02 0.07 0.03 0.51 0.07 4.14 2.24 0.39 0.33 0.82 0.04 1.60 0.49 0.60 0.12 0.07 0.02 0.00 0.00 1.32 0.37 0.10 0.04 0.08 0.03 4.85 2.02 1.08 0.53 0.01 0.00 0.19 0.03 0.25 0.04 0.15 0.07 3.85 2.02 2.90 1.53 2.40 1.20 0.11 0.04 0.14 0.05 0.20 0.09 0.26 0.11 0.20 0.09 0.27 0.11 0.10 0.03 0.03 0.01 0.02 0.01 0.22 0.03 0.08 0.05 0.13 0.07 0.18 0.08 0.10 0.01 0.04 0.01 0.05 0.02 7.25 0.05 0.15 0.07 0.25 0.07 4.02 2.43 3.12 1.83 3.89 1.58 5.02 2.03 0.03 0.02 0.18 0.01 0.22 0.09 0.28 0.12 0.30 0.04 0.24 0.04 0.52 0.19 0.70 0.27 0.44 0.25 0.57 0.33 0.05 0.01 0.06 0.02 0.13 0.06 0.20 0.07 0.13 0.06 0.58 0.03 0.45 0.00 0.73 0.32 0.58 0.27 0.64 0.26 0.54 0.19 0.38 0.11 0.13 0.05 0.20 0.07 3.10 2.16 0.47 0.20 0.62 0.27 58.09 29.01 0.23 0.08 0.29 0.11 0.11 0.03 0.13 0.05 0.12 0.04 0.09 0.03 0.07 0.00 0.08 0.02 0.16 0.07 0.08 0.03 2.70 0.98 0.13 0.02 1.78 0.64 15.17 8.11 20.00 10.71 0.03 0.02 0.50 0.04 0.38 0.03 0.29 0.04 0.22 0.02 1.13 0.29 1.97 0.80 0.23 0.02 0.04 0.02 0.04 0.01 0.38 0.17 0.29 0.12 0.30 0.02 0.03 0.01 0.24 0.09 0.18 0.09 0.96 0.55 0.06 0.01 0.26 0.09 2.01 0.60 0.10 0.01 0.59 0.17 0.47 0.12 0.07 0.02 0.01 0.00 0.37 0.22 0.48 0.31 0.39 0.16 0.22 0.12 0.05 0.02 0.29 0.11 0.23 0.08 0.28 0.10 0.22 0.07 0.02 0.01 0.44 0.08 0.62 0.12 42.55 25.81 55.47 35.53 0.10 0.03 0.09 0.02 1.28 0.41 1.62 0.51 0.03 0.02 0.08 0.02 0.22 0.04 0.36 0.02 0.28 0.04 0.02 0.01 0.03 0.01 2.94 0.71

T Taiga Gold Taiga Gold* Tajiri Res Taku Gold Talmora Diamd Talon Metals Tamerlane Vent*

O V T O

0.07 0.05 0.05 0.05 0.04 0.00 0.00

0.21 0.16 0.18 0.15 0.06 0.12 0.00

0.07 0.05 0.05 0.04 0.01 0.05 0.00

2019-03-25 11:27 AM

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

Tamino Mnrls* O 2403 Tanager Energy V 54 Tango Mining V 740 Tanqueray Expl V 539 Tantalex Res 485 Tanzania Rlty T 268 Tanzania Rlty* X 2446 Taranis Res V 19 Taranis Res* O 65 Tarku Res V 288 Tartisan Nick* O 27 Tartisan Nick 116 Taseko Mines T 406 Taseko Mines* X 1682 Tearlach Res V 4 Teck Res T 7309 Teck Res T 16 Teck Res* N 12256 Telson Res * O 16 Telson Res V 104 Tembo Gold V 1041 Tembo Gold* O 106 Teranga Gold T 654 Teranga Gold* O 310 Teras Res* O 25 Teras Res V 323 Terraco Gold V 863 Terrax Mnrls* O 44 Terrax Mnrls V 119 Terreno Res V 75 Teslin Rvr Res V 2114 Tesoro Mnrls V 44 Tethyan Res V 1181 Teuton Res V 87 Teuton Res* O 51 Texas Mineral* O 173 Themac Res V 36 Thor Expl V 150 Thunder Mtn Gd*O 17 Thunderstruck V 338 Thunderstruck* O 81 Till Capital V 4 Timberline Res V 88 Timberline Res* O 147 Tinka Res V 458 Tinka Res* O 199 Tisdale Res V 36 Titan Mining T 130 Titan Mining* O 188 Titanium Corp V 287 TMAC Resource*O 7 TMAC ResourcesT 417 TNR Gold V 1527 Toachi Mg Inc* O 30 Toachi Mg Inc V 79 Tocvan Venture 21 Tombstone Expl* O 760 Tonogold Res* O 185 Torex Gold* O 55 Torex Gold T 1612 Torq Resources* O 143 Torq Resources V 131 Tower Res* O 3 Tower Res V 162 Transatlantic* O 1645 Transatlantic V 16981 Transition Met V 118 Transition Met* O 10 Treasury Metal T 383 Treasury Metal* O 5 Trecora Res* N 254

THE NORTHERN MINER / APRIL 1–14, 2019

High

Low

0.00 0.06 0.02 0.84 0.05 1.05 0.79 0.09 0.07 0.05 0.05 0.07 0.80 0.61 0.00 31.30 32.08 23.39 0.30 0.40 0.04 0.02 4.43 3.33 0.07 0.09 0.10 0.30 0.38 0.04 0.58 0.05 0.79 0.15 0.11 0.21 0.06 0.16 0.09 0.08 0.06 2.25 0.09 0.10 0.36 0.27 0.18 0.68 0.49 0.89 3.59 4.99 0.05 0.08 0.10 0.12 0.01 0.20 13.52 18.21 0.30 0.41 0.03 0.05 0.07 0.11 0.11 0.08 0.33 0.24 9.32

0.00 0.05 0.01 0.77 0.04 0.81 0.61 0.08 0.07 0.04 0.00 0.00 0.74 0.56 0.00 28.83 28.91 21.63 0.28 0.37 0.02 0.02 4.18 3.12 0.05 0.00 0.07 0.27 0.36 0.04 0.51 0.05 0.68 0.14 0.10 0.18 0.06 0.16 0.08 0.07 0.05 0.00 0.08 0.06 0.34 0.25 0.17 0.63 0.47 0.78 0.00 4.61 0.04 0.08 0.09 0.12 0.00 0.17 13.00 17.23 0.29 0.38 0.03 0.04 0.05 0.05 0.10 0.08 0.00 0.22 8.56

Last

(100s)

12-month Change

0.00 + 0.06 + 0.02 unch 0.77 0.04 unch 1.04 + 0.78 + 0.09 unch 0.07 + 0.04 0.05 0.06 0.78 + 0.59 + 0.05 unch 30.25 + 30.40 + 22.53 + 0.29 0.38 0.04 + 0.02 + 4.18 3.13 0.05 + 0.06 0.10 + 0.28 0.38 unch 0.04 unch 0.51 0.05 unch 0.77 unch 0.15 unch 0.11 0.20 0.06 unch 0.16 unch 0.09 + 0.07 0.05 2.25 + 0.08 0.07 + 0.35 0.26 0.17 unch 0.64 + 0.47 + 0.85 3.52 4.67 0.04 0.08 unch 0.09 0.12 unch 0.00 0.19 + 13.05 17.49 0.30 + 0.40 unch 0.03 unch 0.04 0.05 0.06 0.11 unch 0.08 unch 0.31 0.24 + 9.04 +

0.00 0.01 0.00 0.04 0.00 0.23 0.18 0.00 0.00 0.01 0.00 0.01 0.04 0.03 0.00 1.50 1.74 0.98 0.00 0.02 0.02 0.00 0.05 0.02 0.00 0.03 0.02 0.02 0.00 0.00 0.06 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.10 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.05 0.24 0.28 0.01 0.00 0.01 0.00 0.00 0.02 0.43 0.54 0.02 0.00 0.00 0.01 0.01 0.03 0.00 0.00 0.01 0.02 0.19

High Low

0.00 0.14 0.04 1.32 0.17 0.94 0.68 0.12 0.10 0.05 0.09 0.16 1.80 1.40 0.05 39.08 39.00 30.11 0.74 1.00 0.04 0.03 5.63 4.33 0.08 0.12 0.10 0.39 0.50 0.05 0.60 0.08 0.79 0.24 0.18 0.35 0.09 0.22 0.22 0.12 0.15 5.01 0.24 0.18 0.58 0.45 0.84 1.50 1.05 1.20 6.73 8.56 0.06 0.15 0.20 0.12 0.01 0.20 13.52 18.21 0.56 0.70 0.12 0.17 0.10 0.16 0.18 0.14 0.58 0.45 15.60

0.00 0.03 0.02 0.52 0.03 0.34 0.25 0.05 0.03 0.02 0.04 0.02 0.60 0.44 0.03 23.90 23.89 18.17 0.25 0.35 0.01 0.01 3.18 2.40 0.03 0.04 0.06 0.25 0.33 0.02 0.33 0.05 0.14 0.10 0.07 0.10 0.03 0.13 0.04 0.04 0.03 1.74 0.07 0.00 0.29 0.21 0.16 0.59 0.47 0.47 3.07 3.95 0.03 0.06 0.07 0.10 0.00 0.00 5.73 7.29 0.25 0.32 0.01 0.02 0.02 0.03 0.06 0.07 0.21 0.16 6.69

Stock

Exc Volume

Tres-Or Res V 925 Trevali Mng* O 760 Trevali Mng T 14980 Tri Origin Exp V 164 Trifecta Gold V 62 Trifecta Gold* O 8 Trigen Res* O 1860 Trilogy Mtls T 59 Trilogy Mtls* X 852 TriMetals Mng* O 137 TriMetals Mng* O 66 TriMetals Mng T 585 Trinity Res* O 0 Trinity Valley V 338 Trio Resources* O 415 TriStar Gold* O 15 TriStar Gold V 50 Triumph Gold V 325 Triumph Gold* O 171 Troilus Gold T 424 Troilus Gold* O 0 Troubadour Res V 1580 Troy Enrgy V 250 Troy Res* O 1162 Troymet Expl V 336 True Grit Res V 430 True North Gem V 3 True North Gem* O 0 Trueclaim Expl* O 20 Trueclaim Expl V 983 Tsodilo Res V 25 Tudor Gold * O 61 Tudor Gold V 395 Tundra Gold* O 1 Turquoise HIl T 8000 Turquoise HIl* N 25811 TVI Pacific* O 50 TVI Pacific V 1411 Tyhee Gold* O 130 Typhoon Expl V 8

Week High

Low

Last

12-month Change

0.03 0.00 0.03 + 0.31 0.25 0.29 + 0.41 0.34 0.39 + 0.03 0.02 0.03 + 0.06 0.05 0.06 unch 0.05 0.03 0.04 0.37 0.31 0.32 + 3.48 3.05 3.05 2.55 2.29 2.34 0.04 0.04 0.04 0.08 0.07 0.08 + 0.07 0.06 0.06 0.00 0.00 0.01 unch 0.08 0.07 0.08 unch 0.00 0.00 0.00 0.11 0.10 0.11 + 0.17 0.12 0.15 + 0.40 0.36 0.38 + 0.30 0.27 0.29 + 1.15 0.88 1.15 + 0.00 0.00 0.73 unch 0.13 0.11 0.13 + 0.04 0.04 0.04 unch 0.09 0.08 0.09 unch 0.01 0.01 0.01 0.02 0.02 0.02 unch 0.13 0.00 0.13 0.00 0.00 0.11 unch 0.06 0.06 0.06 unch 0.10 0.10 0.10 unch 0.27 0.24 0.24 0.33 0.26 0.30 + 0.44 0.33 0.42 + 150.00 150.00 150.00 unch 2.41 2.21 2.21 1.81 1.64 1.65 0.01 0.01 0.01 unch 0.01 0.01 0.01 unch 0.00 0.00 0.00 unch 0.04 0.00 0.04 unch

High Low

0.01 0.06 0.02 1.07 0.05 1.40 0.01 0.04 0.00 0.13 0.01 0.10 0.01 1.01 0.34 3.48 0.19 2.55 0.00 0.18 0.02 0.23 0.01 0.23 0.00 0.20 0.00 0.10 0.00 0.00 0.00 0.20 0.02 0.25 0.01 0.80 0.02 0.60 0.23 1.85 0.00 1.14 0.01 0.25 0.00 0.09 0.00 0.13 0.01 0.02 0.00 0.07 0.02 1.50 0.00 0.11 0.00 0.11 0.00 0.28 0.04 0.65 0.05 0.34 0.08 0.46 0.00 1000.00 0.13 4.21 0.06 3.28 0.00 0.02 0.00 0.02 0.00 0.00 0.00 0.09

0.02 0.24 0.32 0.01 0.05 0.03 0.19 1.32 1.05 0.02 0.04 0.03 0.01 0.04 0.00 0.07 0.09 0.30 0.22 0.40 0.45 0.08 0.01 0.06 0.01 0.02 0.10 0.00 0.06 0.07 0.19 0.15 0.20 150.00 1.94 1.43 0.00 0.01 0.00 0.03

0.03 0.03 0.00 0.02 0.00 0.08 0.01 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.01 0.01 0.00 0.06 0.57 0.04 0.04 0.05 0.03 0.02 0.02 0.01 0.09 0.00 0.01

0.74 0.09 0.11 0.13 0.06 0.00 0.09 0.07 0.14 0.05 0.08 0.11 0.09 0.10 0.04 0.06 0.01 0.23 17.09 0.10 0.06 0.02 0.28 0.74 0.54 0.06 1.12 0.26 0.13

U-V U.S. Gold* D 171 U.S. Lithium* O 44 U3O8 Corp* O 47 U3O8 Corp T 129 Ubique Mineral 0 UC Res* O 125 Ucore Rare Mtl V 941 Ucore Rare Mtl* O 543 UEX Corp T 1648 Ultra Lithium* O 13 Ultra Lithium V 75 Umbral Enrgy* O 355 Unigold* O 13 Unigold V 40 United Battery* O 342 United Battery 180 United Res Hdg* O 58 United States A* X 380 United States S* N 50970 Unity Metals V 328 Universal Cop V 1703 Universal Cop* O 43 Universal Vent V 1177 Ur-Energy T 157 Ur-Energy* X 2091 Uragold Bay Rs V 415 Uranium Energy* X 8246 Uranium Hunter* O 0 Uranium Res* D 2350

0.90 0.35 0.12 0.17 0.00 0.50 0.12 0.09 0.16 0.09 0.11 0.40 0.10 0.10 0.06 0.07 0.05 0.53 20.54 1.29 0.11 0.07 0.43 1.07 0.81 0.09 1.44 0.00 0.15

0.85 0.11 0.11 0.14 0.00 0.35 0.09 0.07 0.15 0.07 0.09 0.36 0.00 0.10 0.04 0.06 0.04 0.42 18.98 1.24 0.00 0.03 0.38 1.01 0.76 0.08 1.28 0.00 0.14

0.86 0.29 + 0.11 0.14 0.20 unch 0.42 0.11 + 0.08 0.15 0.09 + 0.10 0.37 0.09 unch 0.10 0.05 0.06 0.04 unch 0.45 19.09 1.27 + 0.11 + 0.07 + 0.38 1.03 0.77 0.09 + 1.32 1.00 unch 0.15 +

1.88 1.12 0.35 0.50 0.25 1.27 0.25 0.20 0.35 0.21 0.30 0.42 0.20 0.27 1.58 1.68 0.07 1.05 39.23 1.29 0.26 0.10 0.63 1.19 0.93 0.12 1.89 1.99 0.72

(100s) Stock

Week

Exc Volume

High

9 Uravan Mnrls V 521 UrbanGold Min V 461 O USCorp* 8 Val-d’Or Mg* O 8 V Val-d’Or Mg N 170115 Vale* 360 Valley High Mg* O 80 ValOre Metals* O 224 ValOre Metals V 203 Valterra Res* O 5 V Valterra Res 1 Vanadian Enrgy* O 23 Vanadian Enrgy V 563 Vanadium One V 159 Vanadiumcorp* O 656 Vanadiumcorp V 0 Vangold Res* O 115 Vanstar Mng Rs* O Vanstar Mng Rs V 1076 2 O Vantex Res * 102 V Vantex Res 7 Vela Minerals V 38 Velocity Mnrls* O 496 Velocity Mnrls V 519 Vendetta Mng V 107 Vendetta Mng* O 50 Venerable Vent V 105 Verde Potash T 883 O Verde Res* 544 O Veris Gold* 3 Vertical Expl* O 37 V Vertical Expl Victoria Gold V 2623 275 Victory Metals* O 172 Victory Metals V 51 Victory Nickel* O 59 Victory Nickel 40 Victory Res 6 O Victory Res* 69 Virginia Enrgy V 46 Virginia Enrgy* O 455 Viscount Mng V 89 Visible Gold M V 214 Vision Lithium* O 202 Vision Lithium V 37 T Vista Gold 554 X Vista Gold* 29 O Viva Gold* 999 V Viva Gold 44 V Vizsla Res 90 Volcanic Gold V 0 V Volt Energy 82 V Voltaic Min 7 Voyageur Min* O 30 Voyageur Min V 2 VR Resources* O 234 VR Resources V 37 Vulcan Mnrls V 540 V VVC Expl

0.03 0.13 0.00 0.06 0.08 13.98 0.01 0.19 0.26 0.02 0.02 0.04 0.06 0.12 0.07 0.10 0.00 0.18 0.21 0.22 0.37 0.15 0.22 0.28 0.12 0.09 0.09 0.74 0.05 0.00 0.07 0.07 0.47 0.54 0.74 0.02 0.03 0.14 0.08 0.20 0.15 0.23 0.09 0.08 0.18 1.02 0.78 0.27 0.37 0.16 0.05 0.00 0.23 0.08 0.09 0.15 0.19 0.04 0.04

8 80 2566 9503 682 14 593 632 39

0.32 0.10 0.14 0.33 0.10 0.04 0.62 0.47 0.06

Low

0.03 0.11 0.00 0.00 0.00 12.76 0.01 0.17 0.23 0.02 0.02 0.00 0.00 0.11 0.05 0.08 0.00 0.13 0.17 0.22 0.00 0.15 0.22 0.27 0.11 0.08 0.09 0.66 0.00 0.00 0.07 0.07 0.45 0.53 0.70 0.01 0.00 0.00 0.08 0.17 0.12 0.19 0.09 0.08 0.00 0.96 0.72 0.23 0.30 0.14 0.04 0.00 0.21 0.07 0.08 0.13 0.16 0.03 0.00

Last

12-month Change

High Low

0.03 + 0.13 0.00 + 0.06 0.08 12.82 0.01 + 0.18 + 0.23 0.02 unch 0.02 0.04 0.06 unch 0.12 unch 0.07 + 0.09 + 0.02 unch 0.13 0.17 0.22 unch 0.37 + 0.15 unch 0.22 unch 0.28 + 0.12 0.09 0.09 unch 0.68 0.05 + 0.00 unch 0.07 unch 0.07 unch 0.46 + 0.54 unch 0.70 0.01 0.02 unch 0.14 0.08 unch 0.19 unch 0.14 + 0.20 0.09 unch 0.08 + 0.15 + 1.01 unch 0.75 0.24 + 0.36 + 0.16 unch 0.04 0.05 unch 0.21 0.07 0.09 0.15 + 0.17 + 0.04 unch 0.04 +

0.01 0.01 0.00 0.01 0.01 0.38 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.05 0.04 0.00 0.06 0.00 0.00 0.01 0.01 0.00 0.00 0.06 0.04 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.00 0.06 0.00 0.00 0.01 0.03 0.00 0.01 0.06 0.00 0.01 0.01 0.05 0.00 0.01 0.00 0.02 0.01 0.01 0.03 0.02 0.00 0.01

0.05 0.16 0.02 0.09 0.14 16.13 0.01 0.48 0.90 0.04 0.04 0.13 0.18 0.29 0.15 0.14 0.09 0.18 0.24 0.24 0.40 0.30 0.23 0.30 0.26 0.20 0.13 1.25 0.05 0.01 0.09 0.21 0.55 0.56 0.77 0.05 0.07 0.20 0.23 0.36 0.28 0.36 0.12 0.42 0.60 1.24 0.92 0.40 0.48 0.20 0.23 0.33 0.37 0.10 0.12 0.35 0.43 0.07 0.05

0.02 0.10 0.00 0.06 0.08 10.89 0.00 0.00 0.11 0.01 0.02 0.01 0.05 0.04 0.01 0.06 0.01 0.07 0.07 0.05 0.14 0.15 0.09 0.13 0.11 0.08 0.08 0.53 0.00 0.00 0.06 0.05 0.30 0.47 0.38 0.01 0.01 0.02 0.08 0.09 0.07 0.15 0.04 0.06 0.08 0.56 0.37 0.21 0.21 0.13 0.02 0.03 0.13 0.04 0.05 0.11 0.14 0.03 0.02

+ + + +

0.02 0.00 0.02 0.03 0.01 0.01 0.11 0.10 0.01

0.40 0.19 0.27 0.35 0.20 0.05 1.81 1.48 0.09

0.05 0.03 0.05 0.06 0.04 0.02 0.34 0.26 0.01

W-Z Walker Lane* Walker River* Walker River Wallbridge Mng Warrior Gold Waseco Res Wealth Mnrls Wealth Mnrls* Wescan Gldflds

O O V T V V V O V

0.20 0.32 0.08 0.10 0.12 0.14 0.27 0.27 0.08 0.08 0.03 0.03 0.48 0.51 0.35 0.38 0.00 0.04

(100s) Stock

Week

Exc Volume

Wesdome Gold* O 775 Wesdome Gold T 2675 West African V 1146 West High Yld V 67 West Kirkland * O 17 West Kirkland V 91 West Red Lake* O 30 West Red Lake 314 Western Areas* O 140 Western Atlas V 132 Western Copper T 128 Western Copper* X 317 Western Pac Rs V 0 Western Pac Rs* O 4 Western Potash T 373 Western Res* O 31 Western U&V 1156 Western U&V* O 416 Westhaven Vent* O 132 Westhaven Vent V 1618 Westkam Gold* O 495 Westkam Gold V 591 Westminster Rs V 69 Westminster Rs* O 0 Westmoreland* O 1210 Wheaton Prec M T 6415 Wheaton Prec M*N 15856 White Energy* O 0 White Gold* O 40 White Gold V 168 White Metal R* O 250 White Metal Rs V 569 White Mtn Engy* O 3226 Whitemud Res V 33 Wildsky Res* O 0 Winston Gold* O 177 Winston Gold 81 Winston Res 156 Winston Res* O 0 Wolfden Res* O 56 Wolfden Res V 1076 Wolfeye Res V 349 Worldwide Res* O 2 Worldwide Res V 19 X-Terra Res V 235 Xanadu Mines T 4 Xiana Mng V 11 Xiana Mng* O 4 Ximen Mining* O 10 Ximen Mining V 442 Xtierra Inc V 26 Xtra-Gold Res* O 17 Xtra-Gold Res T 20 Yamana Gold T 12536 Yamana Gold* N 60110 Yorbeau Res T 1701 You Han Data* O 1 Zadar Ventures V 204 Zanzibar Gold 864 ZEN Graphene V 159 ZEN Graphene* O 40 Zena Mining V 100 Zephyr Mnls V 53 Zephyr Mnls* O 9 102 Zimtu Capital V Zinc One Res V 471 Zinc One Res * O 95 ZincX Res V 268 ZincX Res* O 22 Zonte Metals V 96 Zonte Metals* O 3

High

3.60 4.58 0.26 0.40 0.04 0.06 0.08 0.10 1.61 0.09 0.83 0.63 0.00 0.31 0.20 0.11 1.19 0.90 0.92 1.23 0.00 0.01 0.05 0.00 0.02 32.98 24.58 0.00 0.99 1.32 0.02 0.05 0.01 0.01 0.00 0.04 0.05 0.05 0.00 0.14 0.19 0.67 0.03 0.05 0.17 0.13 0.48 0.44 0.45 0.64 0.06 0.33 0.43 3.54 2.66 0.03 1.01 0.02 0.24 0.48 0.36 0.06 0.24 0.17 0.26 0.08 0.06 0.23 0.18 0.29 0.21

Low

3.19 4.25 0.24 0.34 0.03 0.05 0.06 0.09 1.54 0.07 0.77 0.58 0.00 0.30 0.16 0.11 1.03 0.77 0.79 1.04 0.00 0.01 0.05 0.00 0.01 29.77 22.33 0.00 0.91 1.21 0.02 0.04 0.00 0.01 0.00 0.02 0.04 0.00 0.00 0.12 0.17 0.64 0.03 0.04 0.13 0.12 0.00 0.00 0.42 0.56 0.06 0.29 0.42 3.34 2.50 0.03 1.01 0.01 0.18 0.40 0.30 0.06 0.22 0.16 0.23 0.08 0.05 0.22 0.16 0.28 0.21

12-month

Last

Change

3.30 4.40 0.26 unch 0.34 0.04 + 0.05 unch 0.08 + 0.09 1.54 0.07 0.80 + 0.60 + 0.58 unch 0.30 unch 0.18 0.11 + 1.04 0.78 0.81 + 1.11 + 0.00 0.01 unch 0.05 + 0.07 unch 0.01 32.93 + 24.50 + 0.29 unch 0.97 + 1.27 + 0.02 unch 0.05 + 0.00 0.01 unch 0.06 unch 0.02 0.04 0.05 unch 0.55 unch 0.13 + 0.18 + 0.66 unch 0.03 unch 0.04 0.14 unch 0.12 unch 0.48 + 0.44 unch 0.45 0.58 0.06 unch 0.29 0.42 3.51 + 2.61 + 0.03 + 1.01 unch 0.02 + 0.18 0.42 0.30 0.06 unch 0.23 + 0.17 + 0.26 + 0.08 0.06 0.22 0.16 0.29 0.21 -

0.05 0.11 0.00 0.06 0.00 0.00 0.01 0.01 0.07 0.02 0.01 0.02 0.00 0.00 0.02 0.00 0.06 0.04 0.12 0.18 0.00 0.00 0.01 0.00 0.00 2.53 1.92 0.00 0.04 0.02 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.00 0.02 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.04 0.01 0.10 0.02 0.01 0.00 0.01 0.05 0.06 0.07 0.00 0.02 0.00 0.03 0.01 0.00 0.01 0.01 0.01 0.02

High Low

4.25 5.46 0.43 0.60 0.07 0.09 0.09 0.12 2.82 0.20 1.30 1.01 1.20 0.62 0.45 0.32 3.32 2.70 1.03 1.43 0.03 0.04 0.16 0.11 0.48 32.49 24.30 0.31 1.44 2.00 0.19 0.25 0.01 0.05 0.77 0.09 0.09 0.24

1.40 1.81 0.14 0.20 0.03 0.04 0.03 0.05 1.27 0.05 0.52 0.35 0.32 0.01 0.16 0.11 0.48 0.70 0.10 0.12 0.00 0.01 0.03 0.07 0.01 19.87 15.08 0.11 0.46 0.54 0.02 0.04 0.00 0.01 0.05 0.02 0.03 0.02

0.33 0.43 1.32 0.03 0.07 0.21 0.17 0.70 0.55 10.27 0.86 0.08 0.45 0.47 4.20 3.23 0.05 2.80 0.07 0.25 0.72 0.55 0.12 0.29 0.22 0.40 0.40 0.31 0.75 0.56 0.41 0.30

0.12 0.17 0.50 0.03 0.03 0.09 0.10 0.38 0.30 0.10 0.14 0.03 0.11 0.21 2.66 2.00 0.02 0.75 0.01 0.10 0.34 0.27 0.05 0.15 0.11 0.20 0.07 0.04 0.18 0.14 0.17 0.12

BID-ASK — APRIL 1–14, 2019 12-MONTH STOCK

AEX Gold African Metals AJN Resources Alba Minerals Alchemist Mng Alexandra Cap Alliance Mng ALQ Gold Altan Rio Min Altitude Res American CuMo Amseco Expl Anglo-Bomarc Antler Hill Arcturus Vent Arrowstar Res Asian Mineral Astur Gold Aurelius Min Banro Corp* Baroyeca Gold BE Res Bearclaw Cap Bethpage Cap BHK Mining Black Bull Res Black Mammoth Boss Power Brunswick Res Buffalo Coal Bullion Gold Cairo Res Camrova Res Canada Coal Canadian Silv Canex Energy Caracara Silvr Cariboo Rose Cassius Vents Castle Peak Mg Central Iron Cerro de Pasc Cerro Mng Chantrell Vent Chinapintza Mg Cicada Vents Cliffs Nat Res* Clydesdale Res CMX Gold & Sil Comet Inds Condor Gold Contintl Prec Copper One Copper Reef Mg CWN M’g Acq Cyprium Mng Damara Gold Desert Mtn Egy DV Resources EastCoal Inc Eastern Zinc Edgewater Expl Electra Stone European Metal Evolving Gold Excalibur Res Fengro Industr Fieldex Expl Finore Mng Fire River Gol First Idaho Fort St J Nick Four Nines Freeport Res Full Metal Mnl Gem Intl Res Global Cop Grp GobiMin Goldbelt Emp

EXC

BID

ASK

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

0.28 0.06 0.03 0.15 0.07 ... 0.01 2.00 0.01 0.02 0.06 0.05 0.08 0.15 0.08 0.01 0.19 0.18 0.13 0.11 0.01 0.04 0.03 0.01 0.02 0.10 0.06 0.17 0.03 0.01 0.06 0.28 0.06 0.03 0.01 0.01 ... 0.04 0.06 0.02 0.03 ... 0.13 0.06 0.01 0.01 1.45 0.03 0.04 3.00 0.41 0.35 0.14 0.02 0.05 0.03 0.04 0.17 0.07 0.10 0.08 0.10 0.01 ... 0.08 0.09 0.03 0.16 0.12 0.03 0.05 0.18 0.24 0.08 0.01 0.01 0.07 0.17 0.02

0.31 0.09 ... 0.16 0.07 ... 0.02 2.00 0.01 0.02 0.07 0.09 0.08 0.15 0.15 0.24 0.25 0.19 0.14 0.11 0.02 0.05 0.03 ... 0.02 0.18 0.09 0.20 0.03 0.01 0.15 0.40 0.06 0.04 0.10 0.23 0.22 0.04 0.12 0.02 0.03 ... 0.18 0.09 0.01 0.01 3.20 0.06 0.05 3.50 0.47 0.37 0.15 0.02 0.08 0.03 0.05 0.19 0.10 0.15 0.25 0.15 0.02 0.01 0.08 0.10 0.03 0.16 0.12 0.07 0.25 0.26 0.30 0.10 ... 0.02 0.08 0.27 0.02

20-23_APR1_StockTables.indd 23

LAST

0.28 0.06 0.05 0.16 0.06 0.50 0.02 1.72 0.01 0.05 0.06 0.05 0.15 0.10 0.07 0.12 0.17 0.18 0.14 0.11 0.01 0.04 0.03 0.07 0.02 0.10 0.09 0.17 0.03 0.01 0.10 0.30 0.07 0.03 0.06 0.17 0.11 0.04 0.06 0.02 0.03 0.29 0.14 0.06 0.01 0.01 1.43 0.04 0.05 3.00 0.45 0.36 0.15 0.03 0.05 0.03 0.05 0.18 0.08 0.10 0.13 0.10 0.01 0.01 0.08 0.10 0.03 0.19 0.11 0.09 0.04 0.17 0.25 0.10 0.10 0.02 0.08 0.24 0.02

HIGH

12-MONTH

LOW

STOCK

0.53

0.27

0.20 0.28 0.13 0.93 0.05 4.04 0.02 0.09 0.13 0.29 0.16 0.20 0.16 0.12 3.00 0.31 0.15 2.10 0.03 0.07 0.05 0.10

0.05 0.04 0.04 0.25 0.01 1.26 0.01 0.05 0.05 0.01 0.06 0.07 0.07 0.05 0.17 0.16 0.03 0.10 0.01 0.02 0.03 0.07

0.12

0.05

0.05 0.03 0.47 0.42 0.11 0.12 0.07 0.32 0.18 0.04 0.08 0.03 0.05 0.34 0.21 0.12 0.02 0.02 7.17 0.08 0.12 3.60 1.03 0.46 0.18 0.03 0.18

0.02 0.01 0.09 0.24 0.06 0.03 0.04 0.11 0.08 0.02 0.03 0.01 0.02 0.12 0.13 0.04 0.01 0.01 0.98 0.02 0.04 2.60 0.44 0.30 0.10 0.02 0.03

0.07 0.27 0.45 0.30 0.56 0.18 0.02

0.04 0.10 0.07 0.10 0.09 0.10 0.01

0.17 0.11 0.26

0.07 0.01 0.03

Golden Hope Great Lakes Gr Great Quest Fe Green Arrow Green River Greenshield Ex Grosvenor Res GSP Resource Guerrero Vents HFX Holding Highbury Proj Highvista Gold Hybrid Mineral Infinite Lith Inform Res Inomin Mines Inspiration Mg Interconnect Intl Battery Intl Corona Intl Millm Mng Iron South Mng Jaeger Res Jasper Mining Jazz Res JDF Explor Inc Jubilee Gold Kenna Res Kermode Res Kesselrun Res La Imperial Leo Res Lithion Energy Lithium Energy Logan Res Loncor Res Lovitt Res Lund Enterpr Madeira Mrnls MAG Silver* Magna Gold Magnitude Mng Mammoth Res Manado Gold Martina Mnls Matachewan Con McLaren Res Mega Copper Meridius Res Mesa Expl Mezzotin Mnrls Micrex Dev Midasco Cap MillenMin Vent Millstream Min Milner Con Slv Minecorp Egy Mineral Hill Minsud Res MK2 Ventures Mkango Res Monster Uran Montana Gold Mountain Lake MX Gold Nautilus Mnrls Navy Res Nebu Res Nevado Res New Jersey Mng New Klondike New Stratus New World Res Newmac Res Nexco Res Nitinat Mnls Norsemont Cap Oceanus Res Odyssey Res

0.06 0.58 0.60 0.10 0.13

0.02 0.12 0.10 0.05 0.10

0.11 0.40 0.02

0.04 0.20 0.02

EXC

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

BID

0.05 0.05 0.10 0.03 0.04 0.10 0.09 0.17 0.06 0.06 0.21 ... 0.09 0.26 0.06 0.03 0.03 0.06 ... 0.04 0.02 0.24 0.03 0.09 0.04 0.01 0.41 0.13 0.02 0.05 0.04 ... ... 0.13 0.03 0.07 0.08 0.01 0.03 12.52 ... ... 0.04 0.03 0.04 0.15 0.03 0.17 0.08 0.02 0.01 0.02 0.10 0.01 0.04 0.05 ... 0.06 0.06 0.18 0.13 0.15 0.09 ... 0.11 0.05 0.16 0.04 0.14 ... 0.01 0.26 0.22 0.05 0.08 0.06 0.32 0.10 0.03

ASK

LAST

0.06 0.05 0.10 0.04 0.06 0.20 0.19 0.20 0.06 ... 0.48 ... 0.11 0.29 0.09 0.04 0.03 0.10 ... 0.04 0.03 0.27 0.03 0.10 0.06 0.05 0.70 0.16 0.02 0.06 0.08 ... ... 0.13 0.06 0.08 0.13 0.01 0.10 13.30 0.40 ... 0.05 0.05 0.10 0.17 0.05 0.22 0.19 0.05 0.01 0.02 0.16 0.50 0.06 0.10 ... 5.64 0.09 0.30 0.19 0.25 0.10 ... 0.11 0.05 0.21 0.04 0.21 ... 0.01 0.40 0.26 0.12 0.15 0.10 0.37 0.10 0.08

0.05 0.04 0.10 0.04 0.07 0.12 0.12 0.17 0.08 0.05 0.22 0.17 0.13 0.28 0.06 0.04 0.03 0.04 0.31 0.04 0.03 0.24 0.03 0.08 0.05 0.01 0.64 0.15 0.02 0.05 0.04 1.09 0.10 0.10 0.06 0.07 0.10 0.13 0.03 12.52 0.40 0.15 0.05 0.05 0.04 0.17 0.04 0.16 0.19 0.06 0.01 0.01 0.10 0.05 0.04 0.05 0.12 0.15 0.06 0.31 0.16 0.15 0.10 0.05 0.11 0.05 0.15 0.04 0.14 0.17 0.01 0.40 0.21 0.09 0.08 0.10 0.35 0.10 0.03

HIGH

12-MONTH

LOW

STOCK

0.11 0.06 0.14 0.05 0.07 0.15 0.20 0.26 0.20 0.07 0.30

0.05 0.02 0.06 0.02 0.03 0.11 0.11 0.16 0.06 0.05 0.21

0.54 0.32 0.20 0.14 0.11 0.11

0.06 0.12 0.06 0.03 0.02 0.04

0.06 0.03 0.28 0.05 0.29 0.08 0.15 0.67

0.03 0.02 0.04 0.02 0.08 0.03 0.01 0.40

0.03 0.14 0.08

0.01 0.03 0.04

1.00

0.09

0.14 0.25 0.25 0.04 14.40 0.45 0.30 0.09 0.06 0.06 0.29 0.10 0.18 0.22 0.08 0.04

0.06 0.04 0.11 0.02 6.12 0.20 0.14 0.03 0.04 0.04 0.15 0.02 0.16 0.18 0.03 0.01

0.15

0.07

0.11 0.20 0.27 0.21 0.39 0.19 0.33 0.10 0.07

0.03 0.07 0.09 0.05 0.15 0.10 0.11 0.02 0.03

0.24 0.27

0.05 0.15

0.90 0.26

0.09 0.15

0.40 0.30 0.10 0.35 0.45 0.46 0.25 0.06

0.11 0.13 0.06 0.06 0.03 0.25 0.05 0.02

Oriental Non F Pac Arc Res Pac Cascade Pac Imperial Pac Iron Ore Pan Andean Min Pasinex Res Patriot Gold Pele Mtn Res Phoenix Gold Pivit Explor Plate Res Prime Meridian Prism Res ProAm Expl Quadro Res Quantum Cobalt Rare Element* Red Moon Res Red Oak Mg Regency Gold Reliant Gold Remington Res Resource Cap Ridgestone M’g Riley Resource River Wild Exp Rizal Res Rockcliff Met Rockex Mng Rockland Mnls Ross River RT Minerals RTG Mining Rubicon Mnrls* Sage Gold Sennen Potash Shine Minerals Silver Phoenix Sixty North SouthGobi Res Superior Mng Surge Explor Tanzania Mnls Tearlach Res Tesoro Mnrls Thor Expl Thunder Mtn Gd Tiger Intl Tintina Mines Tisdale Res Tocvan Venture TomaGold Tri-River Vent Trident Gold Troy Enrgy True Grit Res Trueclaim Expl Upper Canyon Vale* ValOre Metals Vanadium One Vangold Res Vatic Vent Vela Minerals Venerable Vent Vizsla Res Volt Energy Westcot Vent Western Pac Rs Western Troy C Whistler Gold Whitemud Res Wildsky Res Xander Res Zara Res Zenith Explor Zinco Mng Zincore Mtls

EXC

BID

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

... 0.21 0.01 0.03 0.07 0.09 0.09 0.06 0.02 ... 0.08 0.04 0.01 0.03 0.03 0.03 ... 0.11 0.07 0.05 0.13 ... 0.17 ... 0.18 0.19 0.60 0.02 0.15 0.02 0.07 ... 0.06 0.11 ... 0.01 0.45 0.09 0.13 0.06 0.09 0.06 0.39 0.07 0.05 0.05 0.14 0.01 0.07 0.04 0.16 0.11 0.05 ... 0.14 0.03 0.02 0.09 ... ... 0.06 0.13 0.05 0.10 0.15 0.09 0.14 0.05 ... 0.41 0.08 0.06 0.01 0.08 0.12 ... 0.05 0.05 0.04

ASK

... 0.27 0.02 0.04 0.11 0.09 0.13 ... 0.02 0.01 0.11 0.05 0.50 0.04 0.04 0.04 ... 0.16 0.09 0.33 0.20 0.02 0.24 ... 0.22 0.29 0.75 0.03 0.15 0.03 0.08 0.14 0.08 0.12 ... 0.01 1.00 ... 0.25 0.07 0.09 0.30 0.44 0.07 0.10 0.06 0.18 ... 0.12 0.08 0.19 0.12 0.05 ... 0.25 0.05 0.02 0.11 0.25 ... 0.07 0.15 0.05 0.10 0.30 0.15 0.16 0.06 ... 0.58 0.11 0.10 0.02 0.12 0.12 ... ... 0.07 0.07

LAST

1.00 0.20 0.01 0.03 0.08 0.09 0.09 0.10 0.04 0.01 0.09 0.04 0.14 0.04 0.04 0.04 1.10 0.15 0.07 0.33 0.20 0.02 0.17 0.01 0.18 0.15 0.55 0.03 0.12 0.03 0.08 0.26 0.08 0.11 0.03 0.02 0.45 0.14 0.14 0.07 0.14 0.10 0.39 0.16 0.05 0.05 0.16 0.17 0.09 0.05 0.17 0.12 0.05 0.04 0.14 0.04 0.02 0.10 0.25 10.24 0.07 0.13 0.04 0.10 0.15 0.09 0.16 0.05 0.35 0.58 0.10 0.06 0.01 0.08 0.09 0.07 0.04 0.05 0.05

HIGH

LOW

1.05 0.45

1.00 0.20

0.06 0.13 0.13 0.22 0.10 0.06

0.02 0.03 0.03 0.06 0.10 0.03

0.19 0.10

0.07 0.03

0.08 0.04 0.08 3.15 0.89 0.16 0.34 0.28 0.04 0.36 0.08 0.32 0.41 0.70 0.05 0.18 0.10 0.11 0.50 0.35 0.20 1.35 0.12 0.50 0.16 0.22 0.24 0.17 0.10 0.23 0.60 0.05 0.08 0.22 0.25 0.17 0.10 0.84 0.12 0.09

0.03 0.02 0.03 0.20 0.06 0.04 0.12 0.14 0.02 0.17 0.01 0.18 0.10 0.02 0.01 0.07 0.01 0.01 0.10 0.05 0.09 0.03 0.01 0.36 0.08 0.03 0.04 0.10 0.04 0.03 0.12 0.03 0.05 0.13 0.14 0.04 0.02 0.16 0.10 0.04

0.20 0.09 0.07 0.28 0.40 11.10 0.13

0.14 0.01 0.02 0.07 0.15 6.57 0.07

0.30 0.32 0.30 0.13 0.20 0.33 0.36 1.20 0.18 0.08 0.05 1.01 0.20 0.22 0.04

0.03 0.06 0.15 0.08 0.13 0.03 0.23 0.32 0.03 0.06 0.01 0.08 0.03 0.07 0.04

0.14

0.03

2019-03-25 11:27 AM

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