The Northern Miner August 16 2021 Issue 17 by The Northern Miner Group

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Resolute Mining sells Bibiani mine to Asante Gold for US$90 million M&A BY CECILIA JAMASMIE

ustralia’s Resolute Mining (LSE: RSG; ASX: RSG) is selling its Bibiani gold mine in Ghana to Canada’s Asante Gold (TSXV: ASE) for US$90 million in cash. The company will receive an initial US$30 million payment, followed by another US$30 million on or before six months from the transaction close. The final US$30 million will be paid on or before a year from completion, Resolute said. The Western Australia-based miner had inked a US$105 million sales deal in December with China’s Chifeng Jilong Gold Mining, which

| Sale comes after previous deal for the asset in Ghana fell flat

“ASANTE IS ALREADY BUILDING THE MANAGEMENT AND OPERATIONS TEAM WITH A VIEW TO BRING THE BIBIANI MINE TO PRODUCTION WITHIN THE NEXT YEAR.” DOUGLAS MACQUARRIE, PRESIDENT AND CEO, ASANTE GOLD

fell flat after Ghana suddenly cancelled the mining lease, ordering Resolute to halt operations. Chifeng walked away, even though the lease was subsequently restored, saying it had not received timely information about the termination of the mining lease. The deal would have marked the

Chinese miner’s second overseas acquisition, after it bought a 90% stake in the Sepon gold and copper mine in Laos in 2018. Resolute said the deal with Asante has already been approved by Ghana’s minister of lands and natural resources, adding that it expected to complete it in the next ten days. Resolute Mining staff viewing the company’s Syama mine in Mali. RESOLUTE MINING

Bibiani’s sale would reduce Resolute’s portfolio to two assets — Syama in Mali and Mako in Senegal. Resolute acquired Bibiani in 2014 but placed it on care and maintenance shortly after that to allow exploration activities and develop the mine into a large-scale operation. The asset has mining and processing infrastructure including a US$3 million tonne per year mill and processing plant. There is also existing underground infrastructure. Asante, a Ghana-focused pure gold exploration and development company, said Bibiani was a historically significant mine, with past production of about 4 million ounces of gold. In July 2018, Resolute released an updated feasibility study for the operation, situated in Ghana’s western region. The report outlined that Bibiani has the potential to generate about 100,000 ounces of gold per year over a ten-year mine life at a life-of-mine all-in sustaining cost of US$764 per ounce. It also published a current JORC compliant mineral resource of 21.7 million tonnes grading 3.6 grams gold per tonne for 2.5 million ounces of contained gold. “Asante is already building the management and operations team with a view to bring the Bibiani mine to production within the next year,” said Douglas MacQuarrie, the company’s president and CEO. “Further discussions are underway to fully fund the acquisition and its development using non-dilutive financing.” The Vancouver-based company

CHILE: LAWMAKERS POSTPONE VOTE ON MINING ROYALTY BILL / 5

has strong ties to Ghana, with Ghanaian citizens holding a significant shareholding, as well as board and executive roles. The company has also announced plans to co-list its shares on the Ghana Stock Exchange. TNM PM40069240

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BHP’s nickel operations in Western Australia.

BHP

BHP to expand nickel operations to meet soaring demand NICKEL

BY CECILIA JAMASMIE

HP (NYSE: BHP; LSE: BHP; ASX: BHP) will make a final investment decision on a major expansion of the processing plant at its Mt Keith nickel mine in Western Australia as it invests further in battery metals to meet expected soaring demand. Nickel is a key component for the cathodes in electric vehicles (EVs) and the world’s no. 1 miner sees nickel demand growing faster than expected due to a spike in the adoption of EVs, as governments commit to decarbonizing their economies and set end dates for combustion engines. “We believe that over 2020 to 2030, overall nickel demand will grow at a

| Company signs supply agreement with Tesla

5% compound annual growth rate, and that nickel-in-battery demand will grow at a rate of 21% CAGR,” BHP Nickel West President Eddy Haegel told the annual Diggers and Dealers conference on August 3. EV giant Tesla (NASDAQ: TSLA) delivered more than 200,000 vehicles in April-June for the first time in a quarterly period. New estimates put EVs accounting for 25% all vehicles sale by 2030, Haegel said. Adding a concentrator at its Mt Keith processing plant would increase capacity by up to 50% to 15 million tonnes per year. At the same time, the miner plans to cut its carbon emissions by 12% compared with 2020 levels at the Mt. Keith and Leinster nickel mines

thanks to a recent deal inked with Canada’s TransAlta Renewables. Haegel said there were several options to increase production rates at Nickel West, but noted that one of the most attractive ones was to complete exploration at the Cliffs underground mine and extend its productive life again. “To support this ambition, the development of a new roadway to connect the northern and southern mining areas at depth, will be completed this year. While this connection will improve ventilation and de-risk mining access, it also offers a substantial exploration platform to extend the mine at depth,” Haegel said. BHP is also set to decide on at

China’s scrap copper rebalancing act could de-rail recovery COPPER

least one new mine on tenements picked up from Russian mining giant Norilsk Nickel when it exited Australia last year. The company is working on many fronts. Together with increasing supply it has taken steps to secure demand, including a recent deal with Tesla. The EV giant had said in June it expected to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices. BHP is also trying to buy Canadian nickel miner Noront Resources (TSXV: NOT), which owns the earlystage Eagle’s Nest nickel and copper deposit in the Ring of Fire of northern Ontario. It has been billed by Wyloo

Metals, which is also interested in the asset, as the largest high-grade nickel discovery in Canada since the Voisey’s Bay nickel find in the eastern province of Newfoundland and Labrador. “We have positioned ourselves to become a globally significant supplier to the battery sector and laying the foundations to create a sustainable business of scale,” Haegel said. BHP’s nickel division accounts for less than 1% of its earnings, and the mining giant has previously made several attempts to sell its WA nickel operations. But the company decided in 2019 to hold on to the unit amid the positive outlook for battery materials and as EV sales took off. TNM

Bluejay’s Disko-Nuussuaq project located on the southwest coast of Greenland. BLUEJAY MINING

| Imports of the metal have surged in first half of 2021

BY HENRY LAZENBY

urging Chinese scrap copper imports that have doubled in the first half of 2021 are displacing to some extent refined cathode, concentrate, anode and blister imports, with analysis by Roskill expecting the situation to worsen and potentially cripple the copper price recovery. According to Roskill data, China is currently importing copper scrap from 95 countries with Malaysia (160,000 tonnes), Japan (130,000 tonnes), the United States (104,000 tonnes), Hong Kong (54,000 tonnes), Thailand (49,000 tonnes), Taiwan (40,000 tonnes), South Korea (31,000 tonnes), the U.K. (26,000 tonnes), Italy (23,000 tonnes) and all others (204,000 tonnes) the major sources. China imported 821,000 tonnes of copper-based scrap in gross weight terms during the first six months, a 390,000 tonnes, or 91%, surge compared with the 431,000 tonnes of imports a year earlier. Imports last year were negatively affected by Covid-19, lower prices, a U.S. trade embargo, logistics and, not least, by a self-imposed 50% reduction in scrap import quotas, as the Chinese government sought to achieve its green sustainability targets by end-2020. After making some adjustments for the differing copper content from 2020 to 2021, Roskill estimates that this resulted in a 103% year-on-year, or 350,000 tonnes copper content, leap in China’s scrap imports. According to Roskill, scrap supply is a complex function of price, generation, recovery rates and in-

Old copper roofing piled up for recycling. MATEJPHOTO/ISTOCK

ternational logistics and an ultimate price adjustment mechanism for the copper market. What happens to Chinese scrap imports in the second half of 2021 may do much to dictate what happens to copper prices over the balance of this year. China’s monthly scrap imports averaged just 86,000 tonnes gross weight in the second half of 2020, and only began to accelerate from November once the new import regime came into effect. “With H1 2021 already averaging 137,000 tonnes per month, and with some sequential improvements in global scrap availability still feeding through, Roskill concludes there is every likelihood that they could

average 146,000 tonnes per month in H2 2021,” says the analyst. This would be enough to boost China’s annual scrap imports up from 944,000 tonnes in 2020 to 1.7 million tonnes in 2021, a 756,000 tonne, or 80% surge. “In copper content terms, this would theoretically be a 680,000 tonnes, or 91% rise. With 60% of scrap supply in China going to fabricators, and just 40% to smelters and refiners, this could potentially result in a 400,000 tonne hit to Chinese refined demand this year, as fabricators replace expensive refined copper cathodes with cheaper scrap. “This would unquestionable result in a decline in Chinese refined consumption in 2021- hugely negative factor for world copper prices to surmount, despite the evident recovery in demand in the rest of world. Meanwhile, Fitch Solutions country Risk & Industry Research says it expects near-term stabilisation after copper and tin reached fresh highs in May and July, respectively. “Nevertheless, there should be no collapse and prices will remain elevated compared to previous years, on the back of tight fundamentals and positive investor sentiment due to the ongoing global economic recovery. “In fact, we highlight upside risks to our forecasts for non-ferrous metals as new waves of covid 19 infections across the globe could once again lead to severe supply tightness in producing countries. We have revised up a number of metal price forecasts in recent weeks, namely copper, iron ore, steel, aluminium, tin and lead.” TNM

Gates-backed firm ties up with Bluejay on battery metals quest | KoBold Metals to help fund search for critical materials in Greenland

EXPLORATION

BY CECILIA JAMASMIE

oBold Metals, a start-up backed by a coalition of billionaires including Microsoft co-founder Bill Gates and Amazon’s founder and executive chairman Jeff Bezos, has partnered with Britain’s Bluejay Mining (LSE: JAY; US-OTC: BLLYF) to explore for critical materials used in electric vehicles (EVs) in Greenland. KoBold, which uses artificial intelligence and machine learning to help find key minerals for green technologies, will pay US$15 million in exploration funding for Bluejay Mining’s Disko-Nuussuaq project on Greenland’s west coast

in exchange for a 51% stake in the project, Bluejay said in a press release. Shares in Bluejay Mining skyrocketed on the news, trading up 25% in London at 11.64 pence by mid-day August 9. This is the highest the stock has traded since February 19, when it hit 11.9 pence. It leaves the exploration company with projects in Greenland and Finland with a market capitalization of £113.23 million (about US$157 million). The Disko-Nuussuaq licence holds metals such as nickel, copper, cobalt and platinum and KoBold’s See EXPLORATION / 3

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 16–29, 2021

Provincial government injects $13.5 million into Monarch Mining to help it reopen Beaufor QUEBEC

| Mine and mill currently on care and maintenance

Barrick agrees to independent environmental studies for Pueblo Viejo expansion | Mine is largest corporate tax payer in the country

DOMINICAN REPUBLIC

An aerial view of Monarch Mining’s Beaufor mine, northeast of Val-d’Or, Quebec.

BY CECILIA JAMASMIE

he Canadian province of Quebec has granted Monarch Mining (TSXV: GBAR; US-OTC: GBARF) a $13.5 million senior secured term loan to help the company restart the Beaufor gold mine and Beacon mill, 20 km east of Val-d’Or. The three-year term loan agreement with Investissement Quebec bears interest at a rate of 6% a year until the restart of the mine and mill, 5% during the first year of production and 4% for the subsequent years. Currently on care and maintenance, Beaufor has produced over 1.1 million ounces of gold at an average grade of 7.5 grams gold per tonne since first production in the 1930s. Before suspending operations in June 2019, the mine employed 150 people and 30 employees at the 750 tonne-per-day mill. Monarch, which acquired the operation in 2017, estimates that it will be creating more than 100 new jobs when its facilities become fully operational next year. “The revival of the Beaufor mine and Beacon mill is an initiative that

EXPLORATION From 2

funding will cover evaluation and initial drilling. BlueJay said previous studies have found that the area in western Greenland resembles the geology of Russia’s Norilsk region, a main producer of nickel and palladium. “This agreement is transformative for Bluejay,” Bluejay CEO Bo Stensgaard said. “KoBold is an organization with the heft and technical capability to grow this project to its full commercial potential.” KoBold’s backers include big names such as Venture capital firm Andreessen Horowitz and Breakthrough Energy Ventures. The latter is financed by well-known billionaires including Michael Bloomberg, Ray Dalio, Richard Branson, as well as Bezos and Gates. KoBold, as its chief executive officer Kurt House has stated many times, does not ever intend to be a mine operator.

MONARCH GOLD

“THE REVIVAL OF THE BEAUFOR MINE AND BEACON MILL IS AN INITIATIVE THAT WILL SUPPORT THE ECONOMIC RECOVERY IN ABITIBI-TÉMISCAMINGUE.” ERIC GIRARD, FINANCE MINISTER AND MINISTER OF THE ECONOMY AND INNOVATION, PROVINCE OF QUEBEC

A worker handles a glowing-hot gold bar from Monarch’s Beaufor gold mine. MONARCH GOLD

will support the economic recovery in Abitibi-Témiscamingue while continuing to develop our expertise in the gold sector,” Eric Girard, the province’s finance minister and minister of the economy and innovation, said in a media statement. Beaufor has measured and indi-

The company is focused on searching for battery metals, a quest that began last year in Canada. It acquired rights to an area of about 1,000 square km (386 square miles) in northern Quebec, just south of Glencore’s (LSE: GLEN) Raglan nickel mine. KoBold aims to create a “Google Maps” of the Earth’s crust, with a special focus on finding cobalt deposits. It collects and analyzes multiple streams of data — from old drilling results to satellite imagery — to better understand where new deposits might be found. Algorithms applied to the data collected determine the geological patterns that indicate a potential deposit of cobalt, which occurs naturally alongside nickel and copper. The California-based firm also expects to bring in other investors, potentially including its current backers, on a deposit-by-deposit basis. It will also seek mining-savvy partners once it has identified an interesting project. TNM

cated resources of 431,100 tonnes grading 6.68 grams gold per tonne for 92,700 ounces of gold. An updated resource, based on an ongoing 42,500metre drill program, is slated to be released in the third quarter. Monarch Mining is a spinout of assets from Monarch Gold, which Yamana Gold (TSX: YRI; NYSE, LSE: AUY) acquired in a $152 million cash and shares deal last November. The transaction gave Yamana the Wasamac property, which is about 100 km from its 50%-owned Canadian Malartic mine, as well as the Camflo mill, also in Quebec. Monarch Mining’s other assets include the McKenzie Break project and the Croinor past-producing mine, both in Quebec’s Val-d’Or area. TNM

An aerial view of the milling facilities at the Pueblo Viejo gold mine.

BY MARILYN SCALES

arrick Gold (TSX: ABX; NYSE: GOLD) and its key stakeholders have agreed on independent government-led oversight of the environmental and social impact studies for the Pueblo Viejo gold mine expansion in Dominican Republic. The US$1.3 billion project will extend the mine life until 2040 and beyond by expanding the mill and the tailings management facility. The expansion will also enable the mining of lower grades in the existing deposit. The expansion has been under study since May 2019. The decision to proceed was made in March last year, and the company has been working with nearby communities since then. The studies will be conducted by a leading international firm and run in parallel with Barrick’s engineering and environ-

GOLDCORP

mental studies. “The expansion project has the potential to allow Pueblo Viejo to convert approximately 9 million oz. of measured and indicated resources to proven and probable reserves,” says Barrick president and chief executive officer Mark Bristow. Bristow also said that with the expansion, Pueblo Viejo’s total economic contribution to the Dominican government in direct and indirect taxes is expected to be over $9 billion since the beginning of production in 2013 through 2040. The mine is the Dominican Republic’s largest corporate taxpayer. The Pueblo Viejo mine is a joint venture between Barrick (60%) and Newmont (TSX: NGT; NYSE: NEM) (40%). The mine is forecast to produce between 470,000 and 510,000 oz. of gold this year at an all-in sustaining cost of US$760$810 per ounce. TNM

$-$)" #)$ ' -*! ..$*) '. icon nternational imite has vacancies in our oronto ancouver an orwich offices for senior consultants with a minimum five years’ post ra uate e perience reference will e iven to can i ates with • c or hi her in n ineerin eolo y or nvironmental ciences or relate e ree • tatus as a ualifie or ompetent erson • ompetent in the use of mine plannin or eolo ical software such as atamine eapfro or eovia pro ucts where relevant to the position • roven analytical an pro lem solvin s ills an a ility to wor in epen ently • perience as a mem er or lea er of multi isciplinary teams • tron written an ver al communication teamwor an or ani ational s ills • or in nowle e of a secon lan ua e is eneficial • usiness travel for short perio s is e pecte an i ates shoul possess a vali passport etc • an i ates must currently e eli i le for wor in ana a or the lease sen your

with a short cover letter to career micon international com

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Curb your enthusiasm: No end in sight for burning coal

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hile some banks and other lenders are cutting off funding for new coal-fired power plants and turning their backs on coal mining projects more generally, the number of new coal mines proposed or under development is higher than one might think, given all the noise about meeting emissions targets outlined in the Paris Climate Agreement, and the broader BY TRISH SAYWELL shift away from fossil fuels and towards greener forms of energy. According to Global Energy Monitor in its June report — Deep Trouble: Tracking Global Coal mine proposals — 2,277 million tonnes per year (2.2 billion tonnes per year) of new coal mining capacity is currently under development, which amounts to almost 30% of the 8,135 million tonnes produced around the world in 2019. “While three-fourths (1,663 million tonnes per annum) of proposed coal mine capacity is in the early stages of planning and thus vulnerable to cancellation, the remaining quarter (614 million tonnes per annum) of proposed mine capacity is already under construction,” noted the San Francisco-based non-governmental agency (NGO), which catalogs fossil fuel projects worldwide. “The prospect of a low-carbon transition puts these projects at risk of up to US$91 billion in stranded assets. But if they proceed, without unprecedented cutbacks in global production over the next decade, proposed capacity could boost supply to over four times a 1.5 degree Celsius pathway.” The report’s findings were based on a survey of all active coal mine proposals with a capacity of 1 million tonnes per annum or more. (Separately, the NGO also publishes its Global Coal Mine Tracker twice a year (January and July), which provides information on the world’s major coal mines — specifically every operating coal mine producing 3 million tonnes per year or more and every proposed mine with a capacity of 1 million tonnes a year or more. The report warns that if all of the proposed coal projects were built, coal production in 2030 “will be over four times the 1.5 degree Celsius pathway,” and “runs contrary to the IEA’s (International Energy Agency) new roadmap for net-zero emissions, which requires no new coal mines or mine extensions beyond 2021, and the findings of the UN (United Nations) and leading research organizations that coal production must decline 11% each year through 2030 to remain consistent with a pathway to 1.5 degrees Celsius.” While not surprising, the report found that three-fourths of the new mine development (77% or 1,750 million tonnes per year) is in China, Australia, India and Russia. Breaking that down further, coal mine capacity under construction in China is 452 million tonnes per year (157 million tonnes per year is planned). In Australia, 31 million tonnes per year is being built (435 million tonnes per year is planned); in Russia, 59 million tonnes per year is under construction (240 million tonnes per year is planned); and in India, 13 million tonnes per year is under construction (363 million tonnes per year is planned). Moreover, in China and India, most of the proposed coal mines “are sponsored by state-owned enterprises wholly or partially owned by the government, meaning taxpayer money continues to subsidize mine projects to fuel province and state economies.” In terms of companies, the report points out, “the world’s largest energy conglomerates such as Glencore, Mechel, and BHP still remain invested in new mines and mine expansions,” although “small and independent firms have shown the greatest appetites for new projects, especially in Australia and Russia.” In addition, almost two-thirds of the proposals for new coal mines are “greenfield” developments, according to the report, “signalling the industry’s willingness to break ground on new mines that tend to lock-in more long-term production and more future emissions than existing mines.” The report notes that the “median size for a new coal proposal is 3.5 million tonnes per annum” and calculates that “emissions from coal mine projects now on the drawing board would total between 5,000 million and 5,800 million tonnes of carbon dioxide equivalent (C02e) each year from combustion and methane leakage,” which would be “comparable to the current annual Co2 emissions of the United States (5,100 Mt).” Ultimately, the road map for pushing coal to the curb is far from clear. Late last month, China and a number of other countries at the G-20 meetings in Italy opposed plans to phase out coal use, and at the G7 summit in June, leaders of the group of seven nations vowed to cut their emissions in half by 2030 and stop international funding for coal projects that don’t have the technology to capture and store carbon dioxide emissions, but failed to agree on a date to end the use of burning coal. Earlier this month, Beijing’s National Development and Reform Commission authorized the restart of 15 coal mines in China’s northern provinces, and an additional 38 coal mines in the Inner Mongolia region. TNM

COMPANY INDEX Asante Gold . . . . . . . . . . . . . . . . . . . 1 Barrick Gold. . . . . . . . . . . . . . . . . . . 3 BHP. . . . . . . . . . . . . . . . . . . . . . 2,9,12 Bluejay Mining . . . . . . . . . . . . . . . .2,3 Canasil Resources . . . . . . . . . . . . . 12 Chesapeake Gold . . . . . . . . . . . . .9,10 Discovery Silver . . . . . . . . . . . . 12,13 Euro Sun Mining . . . . . . . . . . . . . . . 6 Fabled Silver Gold . . . . . . . . . . . . . 13 Glencore . . . . . . . . . . . . . . . . . . . . . . 3 GoGold Resources . . . . . . . . . . . . . 13 Golden Minerals . . . . . . . . . . . . . . 13 Ivanhoe . . . . . . . . . . . . . . . . . . . . . . . 6 Kirkland Lake Gold . . . . . . . . . . . . . 8 Magna Gold . . . . . . . . . . . . . . . 13,14 Monarch Mining . . . . . . . . . . . . . . . 3 Newmont . . . . . . . . . . . . . . . . . . .3,16

Noront Resources . . . . . . . . . . . . . . 2 Orla Mining . . . . . . . . . . . . . . . . . . 16 Pan American Silver . . . . . . . . . . . 12 Pure Gold Mining . . . . . . . . . . . . . . 6 Resolute Mining . . . . . . . . . . . . . . . . 1 Sibanye-Stillwater . . . . . . . . . . . . . . 5 Sierra Metals . . . . . . . . . . . . . . 14,16

ISTOCK/TONYBAGGETT

THE VIEW FROM ENGLAND COLUMN

| Pandemic yields buried treasure

BY DR. CHRIS HINDE Special to The Northern Miner

old is still being discovered in England, but it’s not geologists doing the finding. As we emerge from the pandemic it seems that many of us spent the lockdown digging up treasure. England enjoyed its ‘Freedom Day’ on July 19, when almost all lockdown restrictions were lifted. Despite a recent rise in cases of Covid-19, people are no longer advised to work at home, masks are not obligatory, and nightclubs and sporting events can function at full capacity. Relaxation of the restrictions has been more cautious, however, in other parts of the U.K. — Scotland, Wales and Northern Ireland. Since the first lockdown measures were announced in March 2020 there has been a marked increase in the time spent on hobbies, not least gardening and metal detecting. Gold is being dug up as a result. We know this because since 1996 there has been a legal requirement to report all discoveries of treasure — essentially single finds of gold and silver over 300 years old, and hoards of coins and prehistoric metalwork. In 1997, the British Museum established the Portable Antiquities Scheme (PAS) in response to the growth of metal detecting, the lack of provision to record these finds, and a change in legislation to provide protection for archaeological finds. Discoveries documented by PAS have just passed 1.5 million items, and range from prehistoricworked flint to post-medieval dress accessories. The documented items include almost 753,000 coins, 58,000 brooches, 56,000 rings and 18,000 swords (although only 270 have gold on the pommel). PAS documented the discovery of 47,000 artifacts in 2020, and gardens seem to be the place to look for treasure. In August last year, for example, a metal detectorist unearthed a hoard of over 1,000 silver coins dating back to the 15th century in the garden of his local pub. Experts surmised that the money was hidden by a wealthy landowner who was called up to fight during the English Civil War (one assumes he didn’t make it back, and neglected to tell anyone where his money was hidden). In December, a rather more modern hoard of 50 South African Krugerrand was found, by chance, in a garden in Milton Keynes. Each coin is worth up to US$2,000. Also in December, a family in Hampshire were weeding their garden when they uncovered 63 gold coins from the 15th and 16th

centuries. These included four rare coins from Henry VIII’s reign, which bear the initials of three of his wives (Catherine of Aragon, Anne Boleyn and Jane Seymour). The coins were likely buried in about 1540, while King Henry VIII was still alive, but the circumstances are unknown. Whoever hid the coins, however, was a person of means, as the collection was worth about £24 at the time (much more than the average annual wage during Tudor times), which is today the equivalent of £14,000 (US$19,400). Experts suggest it was likely to be a member of the clergy as the monasteries were being dissolved by Henry VIII during this period after his spat with Rome over plans to divorce Catherine. The value of such finds was demonstrated at an auction in London last month of a coin issued from the Tower of London by Henry VIII between 1538 and 1541. The 22-carat sovereign (the origin of the modern pound coin) weighs 15.3 grams and sold for £64,500 (US$90,000). Globally, there is much more gold still to find. The first gold coin was minted by King Croesus of Lydia (modern day Turkey) in the 6th century B.C., and it is estimated that some 200,000 tonnes (over 6,400 million ounces) of gold has been mined globally. People tend to remember what they’ve done with their gold, and we can account for an impressive 94% of the gold ever extracted (this includes gold in jewellery, bars and coins, and Central Bank holdings). Nevertheless, that leaves some 12,000 tonnes (nearly 386 million ounces) that is lost or hidden — relatively little is thought to have been destroyed. Much of this gold, worth US$700 billion at the current gold price, will be under the waves. In the U.K. there are over 1,000 documented shipwrecks on the treacherous Goodwin Sands (off the coast of Kent) alone. To the west, treasure hunters are narrowing down the search for what is believed to be our most valuable shipwreck, the Merchant Royal. This ship sank off the coast of Cornwall after hitting bad weather in 1641, and is reported to contain gold and silver worth more than US$1.5 billion. The past 18 months have been challenging for us all, but the gloom will have been lifted for those who found buried treasure. Here in England it is a good enough reason to dig deep when weeding the garden. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

SilverCrest Metals . . . . . . . . . . . . . 16 SSR Mining. . . . . . . . . . . . . . . . . . . 12 Taseko Mines . . . . . . . . . . . . . . . . . . 8 Tesla . . . . . . . . . . . . . . . . . . . . . . . . . 2 Thor Explorations . . . . . . . . . . . . . . 6 Torex Gold Resources . . . . . . 9,10,16 Yamana Gold . . . . . . . . . . . . . . . . . . 3

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

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 16–29, 2021

Sibanye-Stillwater to acquire Eramet’s Sandouville nickel processing facility in France | Deal marks company’s second acquisition in battery metals sector in last six months M&A

A Chilean flag above the capital city of Santiago. ISTOCK/EDSEL QUERINI

Chilean lawmakers postpone vote on controversial mining royalty bill POLITICS

| Legislation could see taxes rise by up to 75%

BY CECILIA JAMASMIE

hile’s senate has postponed for almost three weeks a vote on an opposition-sponsored bill that could hike taxes on miners by up to 75% depending on the price of copper, the country’s main export. The bill, first introduced in 2018, calls for a 3% royalty on sales of over 12,000 tonnes of copper production a year and 50,000 tonnes of lithium a year. Half the funds obtained from the royalty would go into a regional convergence fund to finance regional and communal development projects. The other half would directly finance projects to mitigate, compensate or repair the environmental impact from mining activity in communities near mining projects. The legislation, which faces multiple procedural hurdles, could risk

some 1 million tonnes of annual copper output, representing around 4% of global production, Goldman Sachs said in May. The bank noted that more than half of the foreign-owned copper mines in Chile have tax stability agreements that expire in 2023, limiting immediate exposure to the bill’s eventual passage. But future mine development would be in jeopardy. Chile’s current tax regime for miners includes corporate tax of 27% and a special tax or royalty of up to 14% on operating profits depending on production rates. Below 50,000 tonnes of copper a year, miners pay 9%. The mining and energy committee has been discussing the bill for seven weeks and has not set a date for the vote. The proposal was already accepted by the lower house. Proponents argue that provincial

governments do not receive enough compensation for the extraction of mineral resources and that the new taxes will change that. Mining representatives and analysts, in turn, warn the proposed law would drive away new investments and some mining operations and expansions would become economically unviable. If the royalty bill does get through the senate, Sebastian Piñera’s administration is likely to block its passage via the constitutional court. Ruling coalition lawmakers laid the groundwork for taking the bill to court by presenting a so-called constitutional reservation. Chile, the world’s top copper producer, holds about 52% of the world’s known lithium reserves. The nation aims at making the white metal its second-largest mining asset. Lithium is currently the country’s fourthbiggest overall export. TNM

Feds give thumb’s down to Grassy Mountain met coal project REGULATORY

| Second rejection to planned open pit mine in southwestern Alberta

BY ALISHA HIYATE

ollowing a rejection of the Grassy Mountain metallurgical coal project in Alberta from a joint review panel last month, Benga Mining has now received a second “no” — this one from the federal government. In a decision released on Friday, Jonathan Wilkinson, Canada’s Minister of Environment and Climate Change, said that a review of all relevant information, including the joint panel’s June 17 report, showed that the project is likely to cause significant adverse environmental effects that are “not justified in the circumstances.” They include negative impacts on: surface water quality, including from selenium effluent discharge;

the Westslope Cutthroat Trout, classified as a threatened species; the endangered Whitebark Pine; and the physical and cultural heritage of the Kainai, Piikani and Siksika First Nations. The minister also concluded the project would likely contribute to significant negative cumulative effects on both species listed above as well as the little brown bat, and on the First Nations’ use of land and resources for traditional purposes. Benga, a subsidiary of Australiabased Riversdale Resources, wants to invest $800 million to build an open pit operation at Grassy Mountain with a 23-year mine life. It announced last month that it would appeal the decision of the joint panel, composed of the Alberta Energy regulator and the Impact

Assessment Agency of Canada. The project, located near the Crowsnest Pass area in southwest Alberta, has attracted both support for the economic activity it would generate and opposition from environmental groups. In addition to Benga, two First Nations that support the development, the Piikani and Stoney Nakoda communities, have filed requests to appeal the panel’s decision. Benga says almost 25% of the project sits on previously mined land that was never properly restored. Alberta recently reinstated its 1976 coal policy restricting development in some areas of the Rocky Mountains and prohibiting it in others following a public outcry. That decision did not affect Grassy Mountain. TNM

Eramet SA’s Sandouville nickel hydrometallurgical processing facility in Normandy, France. ERAMET SA.

BY NORTHERN MINER STAFF

n its second acquisition in the battery metals space in six months, Sibanye-Stillwater (NYSE: SBSW), one of the world’s largest primary producers of platinum, palladium and rhodium and its third-largest gold producer on a gold-equivalent basis, is buying 100% of Eramet SA’s Sandouville nickel hydrometallurgical processing facility in Normandy, France, in a deal valued at €65 million ($96 million). The Sandouville facility includes a hydrometallurgical nickel refinery with a production capacity of 12,000 tonnes a year of high-purity nickel metal, 4,000 tonnes a year of high-purity nickel salts and solutions, and about 600 tonnes a year of cobalt chloride. Sandouville is “situated in the industrial heart of Europe at Le Havre, France’s second-largest industrial port,” and the facility, zoned for heavy industrial purposes, “is scaleable for nickel, cobalt and lithium battery grade products,” the company stated in a press release. The company said the acquisition is a “low-risk entry into the nickel beneficiation business,” and noted that during its due diligence process it completed a scoping study on upgrading the facility “to target specific nickel battery metal products”. The acquisition follows the company’s investment in February for a 30% stake in the Keliber lithium hydroxide project in Finland, in partnership with the state of Finland and the Finnish Metals Group. Under the Keliber transaction, the company invested €30 million for its initial 30% stake, and offered a

further €10 million equity issuance to existing shareholders. SibanyeStillwater also has a guaranteed option to achieve a majority stake in the project if and when an updated feasibility study is completed. The total investment of €40 million will be used on optimization studies, permitting, metallurgical test work and engineering design. The Keliber project is located in Finland’s Kaustinen region, a significant lithium-bearing area, and consists of several lithium spodumene deposits. A feasibility study completed in 2019 that was updated last year, outlined a mine life of at least 13 years and annual production of 15,000 tonnes of battery grade lithium hydroxide. Production could start as soon as 2024, and the project includes the development of a chemical plant in Kokkola, about 50 km away. Sibanye-Stillwater’s two acquisitions in the battery metals space complement its leading platinumgroup metals (PGM) position, it said. “The company’s measured approach reflects the technological risk in the battery metals space with respect to the evolving chemistry and make of batteries,” Raj Ray of BMO Capital Markets commented in a research note to clients. “However, with exposure to lithium and nickel, both key elements in different types of batteries being used or under development, Sibanye-Stillwater seems to be well positioned.” At presstime Sibanye-Stillwater was trading at US$17.38 per share within a 52-week trading range of US$10.26 and US$20.68 per share. The company has a market cap of about US$12.9 billion. TNM

The control room at the Tiebaghi mine in New Caledonia. ERAMET SA.

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AUGUST 16–29, 2021 / THE NORTHERN MINER

Canada’s newest gold mine starts commercial production

Kamoa-Kakula achieves commercial production milestone COPPER

| About 500,000 tonnes of ore have been milled

GOLD

| Pure Gold’s mine and mill in Red Lake now operational

BY CECILIA JAMASMIE

P Mine geologist Micheline Kyenge takes samples at the Kakula mine. IVANHOE MINES

BY HENRY LAZENBY

frica-focused megaproject developer Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has declared commercial production at the first phase of the Kamoa-Kakula copper mine in the Democratic Republic of Congo, effective from July 1. Ivanhoe said the 3.8 million-tonneper-annum concentrator plant was deemed to have reached commercial production after achieving more than 80% of design capacity, with recoveries tracking close to 70% for a continuous, seven-day period. Ivanhoe reported about 500,000 tonnes of ore had been milled to date, including about 263,000 tonnes grading 5.7% copper in July. Copper output has steadily increased since hot commissioning

began at the end of May, exceeding 500 tonnes per day towards the end of July and nearing the Phase 1 steadystate design capacity of about 550 tonnes per day, or 200,000 tonnes per year. Ivanhoe said copper recoveries increased from an average of about 70% in June to about 81% in July. During the last ten days of July, the concentrator averaged copper recoveries close to 82%, with operations reportedly progressively increasing toward the Phase 1 steady-state design parameters, including recoveries at about 86%. Kamoa-Kaula mined 414,000 tonnes grading 5.16% copper in July, comprising 367,000 tonnes grading 5.29% copper from Kakula, including 85,000 tonnes grading 7.70% copper from the mine’s high-grade centre,

and 47,000 tonnes grading 4.13% copper from the Kansoko mine. The company has guided for 2021 output of 80,000 to 95,000 tonnes of copper in concentrate, based on a 100% basis The Kamoa-Kakula copper project comprises a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Ltd. (0.8%) and the Government of the Democratic Republic of Congo (20%). Kakula is one of the world’s highest-grade major new copper mines. The forthcoming phased expansion of the project to 19 million tonnes per annum would solidify its position as the world’s second-largest copper mining complex, with peak annual copper output of more than 800,000 tonnes. TNM

ure Gold Mining (TSXV: PGM; LSE: PUR) has kicked off commercial production at its namesake mine in Red Lake, Ontario, eight months after pouring first gold. The Toronto-based miner said the milestone, achieved on August 1, followed a successful commissioning period. The Pure Gold mine, milling facilities, and other critical systems are now all operating in line with or rapidly approaching design capacity of 800 tonnes of ore per day on a sustainable basis, the company said. The underground mine — at 9 grams gold per tonne one of the world’s highest-grade gold producers — uses a combination of longhole stoping, conventional

cut-and-fill, and mechanized cutand-fill mining methods. Processing includes conventional crushing and grinding, followed by gravity concentration to recover free-milling gold, pre-oxidation, leaching, a carbon in pulp circuit and electrowinning, and then refining to produce dore gold. Pure Gold announced last month it had achieved throughput of 509 tonnes per day in the June quarter and 577 tonnes per day in the month of June alone. The company is developing the mine in a scalable, phased approach, with the first phase expected to produce one million ounces. This would generate over $2.3 billion (US$1.83 billion) in revenue over the next decade, the company has said, and over $1.2 billion (US$960 million) in pre-tax free cash flow. TNM

Euro Sun Mining to list in London before year-end | Company looks to fund first phase of Rovina Valley copper-gold project FINANCE

Thor Explorations pours first gold at Segilola mine NIGERIA

| Commercial production targeted to commence in September

BY NORTHERN MINER STAFF

he first gold has been poured at Thor Explorations’ (TSXV: THX;AIM:THX)100%-owned Segilola open-pit mine in Nigeria and the company forecasts the mine will produce about 40,000 oz. gold this year. Commercial production is targeted for September when the plant will be running at a processing rate of 715,000 tonnes per year; Segilola will be Nigeria’s first commercial gold mine, Thor says. Segilola has a mine life of six years and annual production during the first five years will average 85,000 oz. gold at life-of-mine all-in sustaining costs of US$685 per ounce. The mine has probable reserves of 4 million tonnes grading 4.02 grams gold per tonne for 517,800 ounces. The estimate used a cut-off grade of 0.30 gram gold per tonne. At a gold price of US$1,600 per oz., an updated reserve study estimated a post-tax net present value at a 5% discount rate of $311 million and a post-tax internal rate of return of 85%. The study also forecast an after-tax payback of initial capex ($92 million) in just over one year. According to Thor, the company is the only active gold exploration company in Nigeria. Thor’s other assets in Africa include the Douta gold project in southeastern Senegal and the Central Hounde gold project in Burkina Faso.

Thor Exploration’s 100%-owned Segilola Gold project. THOR EXPLORATION

The company has completed 10,000 metres of drilling so far this year at its 70%-owned Douta project, and plans to drill another 10,000 metres. Drill results reported so far have included 5 metres of 11 grams gold per tonne starting from 17 metres in drillhole DTRC155; 5 metres of 10.1 grams gold from 7 metres in DTRC156; and 5 metres of 3.3 grams gold from 4 metres in DTRC181. These holes were drilled at Douta’s southern Makosa Tail prospect, which the company discovered last year. It’s 100%-owned Central Hounde project lies in the prolific Hounde belt

in southwestern Burkina Faso, about 260 km southwest of Ouagadougou. The project consists of three early stage exploration permits. . Major shareholders in Thor as of June were institutional investors with a 32% stake; the Africa Finance Corporation (17%); family offices (18%); and board and management (9%). Over the last year Thor’s shares in Toronto have traded in a range of 16.5¢ and 44.5¢ and at presstime were changing hands at 33¢. The junior has about 623 million common shares outstanding for a market cap of about $205.6 million. TNM

BY CECILIA JAMASMIE

uro Sun Mining (TSX: ESM) says it plans to float on the London Stock Exchange later this year, likely in September, as it looks to fund the first phase of its Rovina Valley copper-gold project in Romania. The junior, the first non-stateowned entity to receive a ratified mining licence in the European country, said a London IPO would raise its profile in the United Kingdom and global investment markets. The Rovina gold deposit, the second largest in Europe, holds about 400 million tonnes of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper. It is situated in the historical mining district known as the “Golden Quadrilateral” — one of the largest gold-producing areas in Europe. “The decision to list in London, the world’s most dominant capital market for mining stocks, fully underpins our overarching strategy of producing critical metals from our asset located in the EU to meet the increasing demand from European markets,” chief executive Scott Moore said in the statement. “There is currently a short supply of copper and gold produced within Europe, and ESM is well placed to help fill that gap,” Moore noted Euro Sun recently received approval for the initiation of the strategic environmental assessment (SEA) related to the project, which allows it to apply for a construction permit. The definitive feasibility study for the project, located in the heart of Transylvania in west central Ro-

The Rovina project is located in west central Romania, in the heart of Transylvania, about 300 km northwest of the capital city of Bucharest. EURO SIN MINING

mania, calls for two open pit mines with average annual gold equivalent production of 146,000 ounces in the first ten years of operations. The figure implies 106,000 ounces of gold and 19 million pounds of copper per year during almost 17 years. The company plans to use a phased development approach at Rovina Valley, with the development of the two open pit goldcopper deposits, Colnic and Rovina, included in the DFS and the exploitation of the Ciresata underground deposit (not included in the study) phased in following completion of open-pit mining Euro Sun obtained a 20-year mining license for Rovina in 2015. The Romanian government ratified the permit in November 2018. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 16–29, 2021

US sets 50% target on electric vehicles by 2030 ENVIRONMENT

| Includes battery electric, plug-in hybrid electric and fuel cell electric vehicles

BY NORTHERN MINER STAFF

he United States has set a target to make half of all new passenger cars and light trucks sold in 2030 zero-emissions vehicles. The category includes battery electric, plug-in hybrid electric, or fuel cell electric vehicles. “America must lead the world on clean and efficient cars and trucks,” U.S. President Joe Biden announced on August 5. “My administration will prioritize setting clear standards, expanding key infrastructure, spurring critical innovation, and investing in the American autoworker.” In a joint statement by Ford, General Motors and Stellantis, the automakers announced “their shared aspiration to achieve sales of 40-50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals.” That percentage range is up from about 2% this year. The White House briefing noted that the U.S. market share of electric vehicles “is only one-third that of the Chinese electric vehicle market,” and outlined a number of investments including: “installing the first-ever national network” of electric ve-

Electric car at a Tesla charging station. ISTOCK/SJO

hicle charging stations; consumer incentives; “financing the retooling and expansion of the full domestic manufacturing supply chain;” and “innovating the next generation of

clean technologies to maintain our competitive edge.” Since 2010, the cost of battery packs has fallen by 85%, the White House briefing stated, “paving the

way to sticker price parity with gasoline-powered vehicles.” It also noted that the range of EVs has “increased dramatically as charging times shortened.”

“As I’ve said before, we’re in competition with China and many other nations for the 21st century,” Biden declared. “To win, we’re going to have to make sure the future will be made in America.” “Right now, China is leading the race, and is one of the largest and fastest-growing electric vehicle markets in the world. And a key part of the electric vehicle — to state the obvious — is the battery. And right now, 80% of the manufacturing capacity for these batteries is done in China.” In addition to his executive order mandating the EV target, Biden also announced new steps Washington will take, which will include “the campaign commitment to reverse the previous administration’s shortsighted rollback of emissions and efficiency standards.” According to the White House briefing, the Environmental Protection Agency (EPA) and U.S. Department of Transportation, “are advancing smart fuel efficiency and emissions standards that would deliver around US$140 billion in net benefits over the life of the program, save about 200 billion gallons of gasoline, and reduce around two billion metric tons of carbon pollution.” TNM

Aluminum, copper, zinc usage by solar energy sector expected to double by 2040 OUTLOOK

| New report sees opportunities for base metals sector

BY VALENTINA RUIZ LEOTAUD

Solar panels with oil wells in the background. ISTOCK/ PANDEMIN

new report by Wood Mackenzie predicts that the usage of aluminum, copper, and zinc in the solar power sector will double by 2040. “Base metals are an integral component of solar power systems,” Kamil Wlazly, Wood Mackenzie’s senior research analyst, wrote in the report. “A typical solar panel installation requires aluminum for the front frame and a combination of aluminum and galvanized steel (zinc) for structural parts. Copper is used in high and low voltage transmission cables and thermal solar collectors.” Wlazly said that reductions in solar power installation costs due to falling production costs and efficiency gains are likely to prompt a rise in solar’s share of power supply, which may start to displace other forms of generation. In his view, this scenario presents an opportunity for the base metals sector. “In Wood Mackenzie’s base-case scenario, which is broadly consistent with a 2.8-3˚C global warming view, aluminum demand from solar technologies sits at around 2.4 million tonnes for 2020. This is expected to rise to 4.6 Mt by 2040,” the report reads. “However, under Wood Mackenzie’s proprietary Accelerated Energy Transition-2 (AET-2) and Accelerated Energy Transition-1.5 (AET-1.5) scenarios, consumption growth will range from 8.5 Mt to 10 Mt by 2040.” Putting the numbers into perspective, the document presents some percentage figures and points out that in the AET-1.5 scenario, demand from the solar sector would increase from just under 3% of total

“BASE METALS ARE AN INTEGRAL COMPONENT OF SOLAR POWER SYSTEMS.” KAMIL WLAZLY SENIOR ANALYST, WOOD MACKENZIE

aluminum consumption in 2020 to a considerable 12.6% in 2040. According to the review, copper consumption is also expected to reg-

ister notable gains from solar power generation, particularly photovoltaic systems. In the base case scenario, copper demand from solar goes from 0.4 Mt in 2020 and rises to almost 0.7 Mt by 2040. Yet, under the AET-2 and AET-1.5 scenarios, consumption of the red metal from solar is expected to increase to around 1.3 Mt and 1.6 Mt, respectively, by 2040. When it comes to zinc, demand is also expected to soar. Large-scale solar power plants are estimated to have a workable life of at least 30 years, and only zinc coatings can

offer low-cost corrosion protection for such lengthy periods. Wood Mackenzie estimates that solar power installations currently account for about 0.4 Mt of global zinc consumption, but this number is projected to grow to 0.8 Mt by 2040 in the base case. Under the AET-2 and AET-1.5 scenarios, on the other hand, consumption growth will range from 1.7 Mt to 2.1 Mt, respectively, by 2040. As each of WoodMac’s scenarios contemplate the opportunities that increased solar power consumption

may have on base metals, they also present the risks. For Wlazly, even though there is potential in concentrating solar power plants switching from steel to aluminum-based design in the elevation structures and collectors, it is important to consider that steel will always have a cost advantage in applications where weight is not an issue. This means that the degree of substitution remains uncertain. WoodMac’s expert also sees a possibility of aluminum benefitting from the rising price of copper as it may start penetrating wire and cable applications in installations where copper is currently the favoured metal choice. Similarly, aluminum may benefit from the trend towards manufacturing larger solar modules because as the devices’ surface and tracker area increase, it is likely that the use of structural components will scale at a similar rate to maintain strength and rigidity. This means that the use of aluminum and zinc (galvanized steel) per module will increase, leaving the intensity broadly unchanged. “In contrast, the use of copper is expected to decline as larger modules will cause a reduction in the number of panels per given capacity of the plant, resulting in a drop in the overall number and length of cables,” the report states. “However, the overall decline in intensity will be marginal as panel size will not affect the diameter of the cable or transformer, both of which account for a significant proportion of copper use. Additionally, the impact on metal demand by the increase in module size will be limited to utility-scale solar plants, which currently only account for a third of installed capacity.” TNM

WWW.NORTHERNMINER.COM

AUGUST 16–29, 2021 / THE NORTHERN MINER

The red-hot copper market potentially gives new life to a former copper producer COPPER

| Arizona Sonoran Copper aims at restarting the Cactus mine in short order

BY HENRY LAZENBY

rivately held U.S. explorerdeveloper Arizona Sonoran Copper Company (formerly Elim Mining) is completing a preliminary economic assessment (PEA) on its Cactus porphyry copper project in Arizona before year-end, recently installed president and CEO George Ogilvie tells The Northern Miner. The company is working to reactivate the brownfields copper deposit in the shortest possible timeframe. At the same time, the copper price runs red-hot near the record price levels achieved earlier this year, amid solid fundamentals backed by the energy transition and global economic recovery following the pandemic’s impacts. The early July arrival at Arizona Sonoran of Ogilvie, a 30-year-plus mining veteran credited with managing the turnaround stories at Rambler Metals and Mining, Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) and most recently Battle North Gold, marks a strategic corporate reorganization for the company. The reorganization was sealed with a formal corporate name change on July 22. “I wouldn’t have come on board if I didn’t think that there was going to be some significant returns for our shareholders, both now and in the future on this project,” Ogilvie says in an interview. Arizona Sonoran’s predecessor was formed in April 2019 to leverage its package of Arizona assets near Taseko Mines’ (TSX: TKO; NYSE-AM: TGB; LSE: TKO) Florence in-situ project to the east. The assets were acquired in distress as a reclamation project, but the inherent value remaining soon became apparent to the owners at the time. Elim had moved to expand the landholdings at Cactus last year, acquiring the Parks-Salyer property before solidifying ownership of the Cactus property. It has consolidated a land package from 2,500 acres to 4,600 acres. Ogilvie says the company completed an internal initial resource estimate on Cactus earlier this year. Still, it is keeping the data under

“IT IS A SIMPLE VALUE PROPOSITION. YOU CANNOT FIND ANOTHER OPPORTUNITY LIKE THIS IN A JURISDICTION WHICH IS AS MINING FRIENDLY AS ARIZONA.” GEORGE OGILVIE CEO, ARIZONA SONORAN COPPER COMPANY

wraps until it is ready to publish the PEA in the next few months. “We’ve got a preliminary economic assessment that will be filed very soon in the next several months. It’s going to show a robust plan over an extended period,” says Ogilvie. “We think now is the time we want to take this company forward and start thinking about building and devel-

Arizona Sonoran Copper’s brownfields Cactus porphyry copper project in Arizona. ARIZONA SONORAN COPPER COMPANY

oping the project and putting this thing in production. So, it requires a different skill set. And subsequently, I was chosen as that individual to lead the charge.” Ogilvie says the district offers a potential of about 20 billion pounds copper at higher grades that tend to be around 1% copper. The Arizona Sonoran team has spent significant effort on re-logging the core with local geologists and completed the first phase of drilling to confirm historical geology and an assessment of the waste rock pile. Phase two work will include a more comprehensive drill assessment of the northeast extension of the historic orebody at Cactus and a follow-up on historical drilling at the 2020 Parks-Salyer ground acquisition. At the Parks-Salyer property, management expects “significant exploration potential,” with an unofficial exploration target of at least four billion pounds of copper.

Ogilvie says the company has access to information from limited historical drilling at Parks-Salyer by ASARCO, which discovered it, but the immediate plan is to follow up with geophysics. He says that geochemical and ionic analysis has already shown the target to have “very good metal distribution.” The Cactus project also has an existing 1,800-foot (549-metre) shaft that ASARCO sank in 1982. Arizona Sonoran already has a strong starting point to work with. In March 2020, Elim had published a PEA on stockpiled oxide material at Cactus, which the prior operator never processed. The PEA delivered strong economics, considering the stockpile alone. The early stage study demonstrated an eight-year conventional run-ofmine copper heap leach, solvent extraction and electrowinning process to produce copper cathodes at London Metals Exchange Grade A

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| New technology stokes productivity gains, but ‘no silver bullet’

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Discipline pays off / 4

Five new inductees / 5

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Mining sector forced to innovate

Liberals, Greens Q&A on mining in Canada

BY ALISHA HIYATE ahiyate@northernminer.com

TECH CONFERENCE

| New technology stokes productivity gains, but ‘no silver bullet’

ELECTION 2015 | Credibility and accountability are top concerns

BY ALISHA HIYATE ahiyate@northernminer.com

BY JOHN CUMMING jcumming@northernminer.com

he mining sector is facing a DarW delegates at the winian moment, first annual Technology and Innovation in Mining conference in Toronto heard in September. Just as species deal with changes in their climate, food sources or other circumstances, miners dealing with mounting cost, social and technical pressures must innovate if they want to survive, research group AMIRA International managing director Joe Cucuzza said. “If you look at Darwinian evolution, there are more species that go extinct than actually quickly adapt,” Cucuzza told the conference. “The point is that in our industry, we need to adapt quickly. COAL OUTLOOK: WOOD MACKENZIE SEES RAY OF HOPE / 4 Those that are slow to adapt, unfortunately, are going to go extinct.” The conference, organized by Dubai-

BY JOHN CUMMING jcumming@northernminer.com

Mining sector W forced to innovate

ith Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across CanTECH CONFERENCE | New technology stokes productivity gains, but ‘no silver bullet’ ada. The following are the answers from the Liberal Party of Canada ELECTION 2015 | BY ALISHA HIYATE leader Justin Trudeau and Green Party Credibility and ahiyate@northernminer.com accountability are of Canada leader Elizabeth May and top concerns their parties: he mining sector is facing a DarThe Northern Miner: In recent years winian moment, delegates at the BY JOHN CUMMING first annual Technology and Injcumming@northernminer.com the federal has streamlined novation in Mining conferencegovernment in Toronto heard in September. environmental permitting for miners ith Canadians looking Just as species deal with changes in byfood trying tooravoid ahead to a federal election their climate, sources other duplicating provinon Oct. 19, The Northern circumstances, miners dealing with efforts. Do you support this apMiner submitted mining-related quesmounting cial cost, social and technical tions to the leaders of the four major pressures must innovate ifDoes they want to federal government proach? the political parties running across Cansurvive, research group AMIRA Interhave adirector unique role to play in avoiding ada. The following are the answers national managing Joe Cufrom the Liberal Party of Canada cuzza said. catastrophic tailings dam failures, such leader Justin Trudeau and Green Party “If you look at Darwinian evolution, of Canada leader Elizabeth May and there are more that go extinct as species the Mount Polley spill in B.C. in their parties: than actually quickly adapt,” Cucuzza 2014?“The point is that The Northern Miner: In recent years told the conference. the federal government has streamlined in our industry, we need to adapt quickly. Justin Trudeau/Liberal Party: The environmental permitting for miners Those that are slow to adapt, unfortuby trying to avoid duplicating provinnately, are going to go extinct.” Harper government has eroded the cial efforts. Do you support this apThe conference, organized by Dubaicredibility of Canada’s environmental proach? Does the federal government See TECHNOLOGY / pg. 2 have a unique role to play in avoiding reviews by narrowing their application, catastrophic tailings dam failures, such Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region. as the Mount Polley spill in B.C. in limiting public participation and slash2014? ing the capacity of the federal governJustin Trudeau/Liberal Party: The Harper government has eroded the ment to protect the environment. credibility of Canada’s environmental reviews by narrowing their application, They have ended over 50 years of limiting public participation and slashing the capacity of the federal governenvironmental oversight in Canada ment to protect the environment. by repealing the Canadian EnvironThey have ended over 50 years of environmental oversight in Canada mental Assessment Act so that the by repealing the Canadian Environmental Assessment Act so that the federal government can sidestep enfederal government can sidestep environmental reviews of potentially vironmental reviews of potentially harmful projects. harmful projects. Without public trust, Canada’s environmental assessment processes are Without public trust, Canada’s enincreasingly paralyzed. Not only are vironmental assessment processes are we not doing a good enough job at protecting our environment, we are increasingly paralyzed. Not only are not getting our resources to market. We need clear and efficient processes we not doing a good enough job at that have reasonable, evenhanded protecting our environment, we are rules, clear beginning and end points and decisions that can be relied on. not getting our resources to market. We will launch an immediate, public review of Canada’s environmental We need clear and efficient processes assessment processes. Based on this that have reasonable, evenhanded review, a Liberal government will rules, clear beginning and end points See ELECTION / pg. 3 and decisions that can be relied on. We will launch an immediate, pubCOAL OUTLOOK: WOOD MACKENZIE SEES RAY OF HOPE / 4 lic review of Canada’s environmental assessment processes. Based on this review, a Liberal government will

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Liberals, Greens Q&A on mining in Canada

ith Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across Canada. The following are the answers from the Liberal Party of Canada leader Justin Trudeau and Green Party of Canada leader Elizabeth May and their parties: The Northern Miner: In recent years the federal government has streamlined environmental permitting for miners by trying to avoid duplicating provincial efforts. Do you support this approach? Does the federal government have a unique role to play in avoiding catastrophic tailings dam failures, such as the Mount Polley spill in B.C. in 2014? Justin Trudeau/Liberal Party: The Harper government has eroded the credibility of Canada’s environmental reviews by narrowing their application, limiting public participation and slashing the capacity of the federal government to protect the environment. They have ended over 50 years of environmental oversight in Canada by repealing the Canadian Environmental Assessment Act so that the federal government can sidestep environmental reviews of potentially harmful projects. Without public trust, Canada’s environmental assessment processes are increasingly paralyzed. Not only are we not doing a good enough job at protecting our environment, we are not getting our resources to market. We need clear and efficient processes that have reasonable, evenhanded rules, clear beginning and end points and decisions that can be relied on. We will launch an immediate, public review of Canada’s environmental assessment processes. Based on this review, a Liberal government will

Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region.

he mining sector is facing a Darwinian moment, delegates at the first annual Technology and Innovation in Mining conference in Toronto heard in September. Just as species deal with changes in their climate, food sources or other circumstances, miners dealing with mounting cost, social and technical pressures must innovate if they want to survive, research group AMIRA International managing director Joe Cucuzza said. “If you look at Darwinian evolution, there are more species that go extinct than actually quickly adapt,” Cucuzza told the conference. “The point is that in our industry, we need to adapt quickly. Those that are slow to adapt, unfortunately, are going to go extinct.” The conference, organized by Dubai-

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Mining sector forced to innovate TECH CONFERENCE

| New technology stokes productivity gains, but ‘no silver bullet’

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ith Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across Canada. The following are the answers from the Liberal Party of Canada leader Justin Trudeau and Green Party of Canada leader Elizabeth May and their parties: The Northern Miner: In recent years the federal government has streamlined environmental permitting for miners by trying to avoid duplicating provincial efforts. Do you support this approach? Does the federal government have a unique role to play in avoiding catastrophic tailings dam failures, such as the Mount Polley spill in B.C. in 2014? Justin Trudeau/Liberal Party: The Harper government has eroded the credibility of Canada’s environmental reviews by narrowing their application, limiting public participation and slashing the capacity of the federal government to protect the environment. They have ended over 50 years of environmental oversight in Canada by repealing the Canadian Environmental Assessment Act so that the federal government can sidestep environmental reviews of potentially harmful projects. Without public trust, Canada’s environmental assessment processes are increasingly paralyzed. Not only are we not doing a good enough job at protecting our environment, we are not getting our resources to market. We need clear and efficient processes that have reasonable, evenhanded rules, clear beginning and end points and decisions that can be relied on. We will launch an immediate, public review of Canada’s environmental assessment processes. Based on this review, a Liberal government will

See TECHNOLOGY / pg. 2 Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region.

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quality standards, with attractive economics using conservative basecase assumptions. For a capital outlay of US$71.4 million, the company can build a heap leach operation processing 75.5 million tons grading 0.168% total copper to produce 182.4 million pounds of copper cathode. The average life-of-mine all-in sustaining cost for this operation has been pegged at US$1.87 per pound. The PEA calculated an after-tax net present value (NPV) at an 8% discount rate of US$71.4 million with a post-tax internal rate of return (IRR) of 28% and a 3.3-year payback period. The project is expected to produce a cumulative free cash flow of $140 million. Conceptually, Ogilvie expects the initial leach operation to be supplemented by mined material from a pit layback at Cactus, with mined grades expected to average about 0.6% copper. According to Ogilvie, the new PEA that will be filed in the next couple of months only deals with oxide and enriched material. He says these resources provide a relatively straightforward flowsheet to produce a copper cathode. “So, the numbers that are to come out do not include the upside from the sulphide materials,” says Ogilvie. Ogilvie also plans to take the company public after the publication of the Cactus PEA, but details have not yet been finalized. Arizona Sonoran’s assets are all on private lands, which bodes for no material permitting headaches down the line. It is close to an international airport, has access via paved road and has power and water. With a comprehensive PEA in the works for publication soon, the milestone will be followed by a prefeasibility study and a feasibility study in 2022. With significant state permits already in place and no federal permitting requirements, pending securing a finance package, Ogilvie expects the first production could take place as soon as early in 2024. “It is a simple value proposition,” says Ogilvie. “You cannot find another opportunity like this in a jurisdiction which is as mining friendly as Arizona.” Ogilvie sees near-term re-rating potential for the company. “I’d see a significant uplift in valuation in this company if we use the same sort of metrics that our peers get for their valuations. So, from today’s levels, I see significant upside over the next two to three years as we put this mine into production. “And I think to support that, just to show you how confident I am, when I signed on with the company, I put US$500,000 of my own money into the company at US70c per share. Since then, along with the corporate rebranding, we just announced a share consolidation on a three-toone basis. “Today, the company’s fully diluted equity is about 49 million shares issued and outstanding. So, that money that I put in today is at a share price of about US$2.10. The value creation is already happening.” Ogilvie explains the consolidation was undertaken with the future view to financing the project in mind. “We’re going to have to raise additional monies, especially if we greenlight a project to go into production. And, you know, the PEA is telling us how much we must raise, and it’s very reasonable, and it’s a lot lower than your typical greenfield site. That helps minimize future dilution to the shareholders.” TNM

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MEXICO ISTOCK/IVANASTAR

Chesapeake Gold cracks the Metates development code | PEA envisages average annual production of over 110,000 oz. gold and 2.5 million oz. silver in first 15 years

MEXICO

Torex foregoes Muckahi at Media Luna | Decision comes after extensive analysis

MEXICO

An employee walks through Chesapeake’s Metates project in Mexico. CHESAPEAKE GOLD

BY HENRY LAZENBY

hesapeake Gold (TSXV: CKG) has done for the Metates project in Durango, Mexico — one of the world’s largest undeveloped gold-silver projects — what others before it could not. CEO and director Alan Pangbourne tells The Northern Miner that the company has cracked the code to undertake the heap leach processing of sulphide material that ultimately has the potential for Chesapeake to disrupt and enhance the project economics of sulphide ore bodies globally. On July 26, Chesapeake released the results of a preliminary economic assessment (PEA) on Metates, outlining strong financial metrics and a rapid capital payback utilizing a sulphide heap leach starter operation. “The issue before was it was a US$3.5 billion project, very complicated, involving autoclaves, line plants, all sorts of fun stuff, whereas this is quite a bit smaller,” says Pangbourne. “It uses heap leach technology to oxidize the sulphides and recover the gold and silver. That completely changes the economic picture.” The proof for the game-changer potential of the new sulphide leaching technology can be gleaned from the new PEA. “Anything that can take a capex requirement of about US$3.5 billion and reduce that to US$360 million has got to change the project economics dramatically. While the project’s initial scope was to produce 400,000 oz. gold-equivalent, we are now planning for 110,000 oz. a year. So, it’s a tenth of the capital to produce a quarter of the ounces, drawing on less than 20% of the total resource,” Pangbourne says in an interview. “The most important thing is it shows that

“THE MOST IMPORTANT THING IS IT SHOWS THAT THERE IS A FINANCEABLE-SIZE PROJECT WITH THIS NEW TECHNOLOGY THAT CHESAPEAKE CAN BUILD WITHOUT NEEDING A MAJOR PARTNER.” ALAN PANGBOURNE, CEO, CHESAPEAKE GOLD

there is a financeable-size project with this new technology that Chesapeake can build without needing a major partner.” The project’s simplified process flowsheet, compact footprint and proximity to critical infrastructure contribute to the project’s low initial capital cost. The PEA forecasts early cash flow generation, which supports future expansions. Excellent upside optionality exists to scale up future production to take advantage of the entire resource potentially. In December 2020, Chesapeake acquired Alderley Gold, a private British Columbia mining technology company that had pioneered the sulphide leaching technology for precious metals applications. Pangbourne says the idea of using heap leaching to process sulphide ore sounds counterintuitive. Still, the technology has been extensively used in the copper industry, oxidizing and heap leaching sulphides for decades. Pangbourne was the project manager for BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) Spence copper project, which, when constructed, was the largest single-build sulphide heap leach-oxidation circuit recovering copper in the world. The Spence and Cerro Colorado mines make up BHP’s Pampa Norte copper mining operation in northern Chile, which

produces about 243,000 tonnes of copper annually. The technology has been extensively tested and proven in the field See CHESAPEAKE GOLD / 10

BY HENRY LAZENBY

orex Gold Resources (TSX: TXG) has announced it will proceed with conventional development and mining methods for its proposed Media Luna project in Mexico instead of using the newly developed Muckahi mining method. The company says the decision follows the outcome of various risk assessments, extensive comparative financial analyses, and the results to date of the Muckahi test program at El Limón Deep (ELD). Torex said the monorail-based technology would no longer be used in the Media Luna feasibility study currently underway, with publication pencilled in for the March quarter of 2022. “After an analysis of the results to date of the Muckahi test program at ELD and an assessment of business risks, the board has approved a decision to pursue the Media Luna feasibility study on a conventional mining basis, the company says. “While the monorail-based technology has progressed since the beginning of the ELD test program, testing to date of the individual components operating as an integrated system demonstrates that additional process and equipment engineering is required to achieve desired advance rates, cycle times, and associated cost efficiencies and that there is insufficient available upside in using the technology as it relates to financial or schedule considerations for Media Luna.” Torex is pioneering the potentially disruptive Muckahi concept, developed as an alternative to established underground mining methods. Torex believes the innovative process can bring a 30%

reduction in underground capex requirements, a 30% reduction in opex and accelerate the company’s return on investment by up to 80%. The monorail mining system has been developed to access narrower orebodies more efficiently. It involves steep ramps that dramatically reduce the length of conventional ramps, roof-mounted monorails and equipment to run on them, and minimal underground infrastructure. Torex says the decision to not proceed with the monorail-based Muckahi method leaves it without a way to access the deep-laying ore, “since there would be no access … via any other method without considerable investment and schedule disruption associated with driving conventional ramps.” Aside from the technical risks, the company says additional business risks require time and consideration, such as permitting and regulatory compliance, given there is no precedent for the technology. As such, Torex says it has determined that pursuing the feasibility study on a conventional mining basis “is a more prudent approach to mitigate operational and financial risk to the business.” Media Luna will become the primary source of feed at the Morelos property after mid-2024. While the test results to date indicate that the technology is not mature enough for deployment at Media Luna, Torex continues to have confidence in its potential. Aspects of the monorail-based technology are currently being deployed to develop the Guajes tunnel, and the potential to develop the EPO deposit at Media Luna See TOREX GOLD / 10

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CHESAPEAKE GOLD From 9

and is backed by many years of extensive test work as well as tens of millions of dollars in research and development spending. Pangbourne says the technology accomplishes two things: The liberation of gold in the sulphides by oxidation using specific chemistry to manage pH and alkalinity; and it is applicable in a low operating and capital cost heap-leach environment. It also significantly reduces capital requirements and avoids high reagent consumption, fine grinding or the need for autoclaves used in other pre-oxidation processes. The Phase 1 development plan delivers strong economics. Metates’ pre-tax net present value is $1.43 billion (US$1.14 billion), and the internal rate of return is 35% at US$1,600 per oz. gold and US$22 per oz. silver, using at a 5% discount rate. As it stands, the project has an estimated life of 31 years. The PEA envisions average annual output of more than 110,000 oz. of gold and 2.5 million oz. of silver during the first 15 years, with an all-in sustaining cost of US$748 per oz. gold and a low life-of-mine strip ratio of 2.2:1. The study has calculated an average annual pre-tax free cash flow of US$113 million in the first 15 years and cumulatively US$2.7 billion throughout operations. The PEA considers an initial capital cost of US$359 million, including US$64 million in contingency costs. Payback will take six months. Pangbourne says the operation is scalable. The initial 15,000 tonneper-day mine is expandable to 30,000 tonnes per day in short order to bring production forward and reduce the 31-year mine plan. The PEA only focuses on the higher-grade massive intrusive hosted portion of the Metates orebody. The early stage study includes a revised mineral resource estimate for the Metates project and replaces the mineral reserve estimate contained in the company’s updated preliminary feasibility study dated April 29, 2016. Metates hosts a measured and indicated resource of 1.3 billion tonnes at 0.47 gram gold per tonne and

An outcrop at Chesapeake Gold’s Metates gold property in northern Mexico. CHESAPEAKE GOLD

12.9 grams silver per tonne for 19.8 million oz. of contained gold and 542 million oz. of contained silver. It also has an inferred resource of 62.2 million tonnes at 0.32 gram per tonne gold and 9.0 grams per tonne silver for 640,000 oz. contained gold and 18.0 million oz. of silver. The mineral resource is broadly divided into intrusive and sedimenthosted mineralization. In terms of measured and indicated mineral resource tonnes, about 80% of the

resources are sediment-hosted and 20% intrusive hosted. According to Pangbourne, the Metates mine will be a conventional open-pit mine employing contract miners. Mine operations will comprise conventional drilling blasting, loading and hauling with large offroad trucks, hydraulic shovels and wheel loaders. Plant feed will be delivered to the primary crusher and waste to various waste storage facilities. The mine plan for this study only considered the higher grade intrusive hosted mineralization as potential plant feed. There will be a stockpile for sedimentary-hosted material that is not considered plant feed for this first phase of the operation. There will also be a low-grade stockpile facility to store marginal grade intrusive material for processing at the end of commercial pit operations. There will be a support fleet

of track dozers, rubber-tired dozers, motor graders, and water trucks to maintain the working areas of the pit, waste storage areas, and haul roads. “The site layout features a very compact layout with all the major infrastructure located at or near the site,” says Pangbourne. “A water diversion tunnel is required upstream of the mine, and a water reservoir will be constructed below the site to supply water for the operations.” Power will come to the site via a connection to a nearby substation and allow power to be supplied from the national grid. All the major mining, waste dumps, stockpiles and leach pads are all located in one watershed. Importantly, the mine plan consumes significantly less power and water than a conventional sulphide flow sheet with a low environmental footprint, essentially producing “green gold,” according to Pangbourne.

Recent drill results suggest the potential for an even higher-grade core within the Metates intrusive. Pangbourne says Chesapeake is reviewing plans to conduct further drilling in the second half of 2021, with results to be potentially incorporated in the planned 2022 prefeasibility study. Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the company owns 74% of Gunpoint Exploration, which owns the Talapoosa gold project in Nevada. Despite the significant re-rating potential, Chesapeake’s Torontoquoted equity is down about 44% over the past 12 months and trades at an 85% discount to its development peers. Shares last traded on August 6 at $4.16, giving the company a capitalization of $280.25 million (US$223.12 million). TNM

TOREX GOLD From 9

per tonne gold-equivalent for 3.54 million ounces. It also has 18.9 million tonnes at 4.08 grams per tonne gold-equivalent for 2.48 million oz. in the inferred category. Torex also announced that the board had approved a pushback of the El Limón open pit, which is expected to add about 150,000 oz. of gold production and extend openpit mining to mid-2024. This would align with the first production from Media Luna in 2024. Torex reported headline quarterly earnings of US$47.4 million,

Torex Gold’s El Limón Deep project in Mexico. TOREX GOLD

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with monorail-based equipment will be evaluated in a PEA to be released in the first quarter of 2022. Using the technology at EPO would allow for more testing of the integrated system within a live production environment. EPO hosts an inferred resource of 1.01 million goldequivalent ounces in eight million tonnes at an equivalent gold grade of 3.93 grams per tonne. Media Luna hosts 20.9 million tonnes indicated grading 5.27 grams

or US55¢ per share, compared with a profit of US$3.6 million, or US4¢ per share a year earlier. Revenue for the three months ended June came in at US$205.9 million, double that of the year-earlier period. Over the last year Torex has traded in a range of $13.09 and $25.52 per share and at presstime was trading at $13.11 per share. The company has a market capitalization of $1.1 billion. TNM

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Mexico has a long and storied history as a silver producer and there is no reason to think that will change any time soon. Here are eight Canadian companies active in the sector — often with gold or copper in the mix as well. n CANASIL RESOURCES Canasil Resources (TSXV: CLZ) has six silver-gold exploration projects in Mexico’s Durango and Zacatecas states, and four gold-copper projects in British Columbia. Six of its properties are drill ready: four in Mexico and two in B.C. In Mexico the drill ready projects are La Esperanza, Nora, Salamandra and Vicaino. They lie in a prolific silver belt with both historic and producing mines. La Esperanza covers 150 sq. km on the Fresnillo trend, and multiple high grade silver veins have been identified over a 15 x 7.5 km area. The main La Esperanza vein structure can be traced over a strike distance of 5 km and has returned intercepts such as 12.97 metres of 0.74 gram gold per tonne, 219 grams silver per tonne, 0.90% zinc and 0.43% lead (382 grams silver-equivalent), including 1.28 metres of 6.39 grams gold, 1,281 grams silver, 2.23% zinc and 1.25% lead (1,936 grams silverequivalent). La Esperanza is about 35 km west of Pan American Silver’s (TSX: PAAS; NASDAQ: PAAS) La Colorada mine. Canasil is also drilling the Nora silver and gold project, 50 km west of SSR Mining’s (TSX: SSRM; NASDAQ: SSRM) La Pitarrilla deposit. Of interest is the Candy vein, which outcrops over 900 metres and has been traced over a 3 km strike length. It was first drilled in 2020, returning an exceptional 1,010 grams silver per tonne and 36.7 grams gold per tonne over 0.50 metres in hole NRC-20-06; and 1,320 grams silver per tonne and 5.3 grams gold per tonne over 0.98 metres in hole NRC-20-04 (true width). The company says the property’s widespread silver-goldbase metal and pathfinder minerals geochemical anomalies indicate that it has the potential for disseminated bulk-tonnage mineralization as well as the high-grade veins. The Salamandra silver-zinc-copper property has seen extensive activity including satellite surveys, aerial ZTEM, 3D induced polarity, surface sampling and 17,980 metres of drilling in 35 holes. One of the better holes was SA-14-15, which returned 7.9 metres grading 166 grams silver per tonne, 1.2% copper, 1.2% zinc, and 0.6% lead. Before Canasil acquired the property and conducted phase one drilling in 2007, the Mexican Geological Survey and BHP (NYSE: BHP; LSE: BHP; ASX: BHP) examined the area. Canasil’s other Mexican assets include Vizcaino, where grades are known to increase at depth; Carina, where a series of low sulphidation veins, breccias and stockwork have been observed; and Colibri, where the company drilled from 2006 until 2008. Canasil also holds a 2.5% net smelter returns royalty on Pan American Silver’s Sandra project. In British Columbia the two drill ready properties are Benda and Vega. Brenda is in the KemessToodoggone gold-copper dis-

Above: An aerial view of Torex Gold’s ELG mine complex in Mexico. TOREX GOLD

trict. It is in the advanced exploration stage with multiple porphyry targets. Although there is no resource estimate, a technical report updated this year recommended more drilling and additional surveys. Vega is a copper-gold property in the Opemica mining division and is at an early stage of exploration. An airborne magnetic survey outlined two structural corridors — West (including the Pluto showing) and East. Canasil completed a soil geochemical and rock sampling program in 2019. Canasil has a market cap of $14.4 million. n DISCOVERY SILVER Discovery Silver’s (TSXV: DSV; US-OTC: DSVSF) flagship property is its 100%-owned Cordero silver-gold-zinc-lead project in Mexico’s state of Chihuahua. The company acquired the project in August 2019. A preliminary economic assessment completed in 2018 outlined an open pit mine and a 40,000 tonne per day mill that would produce 8 million oz. silver, 99 million lb. zinc, 69 million lb. lead and 12,000 oz. gold annually over 29 years. Development would require a pre-production capital commitment of $570 million and a further $271 million in sustaining capital. The project payback would be 4.8 years. Using a cut-off grade of 20 grams silver-equivalent per tonne, Cordero’s indicated resource stands at 990.1 million tonnes grading 12.81 grams silver per tonne, 0.4% zinc, 0.2% lead and 0.04 gram gold per tonne. The inferred portion is 272.2 million tonnes grading 20.66 grams silver per tonne, 0.8% zinc, 0.3% lead, and 0.04 gram gold per tonne. The early stage study put the Cordero after-tax net present value (at a 7.5% discount rate) at $437.7 million and after-tax internal rate

of return at 16.5%. Discovery is planning to release an updated resource model in the third quarter of this year that will be based on a 75,000 metre phase one drill program. It will then update the PEA before the end of the year. The results of recent metallurgical tests and an optimized flowsheet will be included. One goal in the updated PEA is to concentrate on high grade zones in the early years of mining, the company says. To this end, the target feed head grade will be greater than 100 grams per tonne silver-equivalent. A staged approach, beginning with an initial mill throughput of 15,000 tonnes per day, is planned. The mill will then be expanded to 30,000 tonnes per day once the initial capex is paid off. Recent drill results from the project’s Josefina vein include 1.1 metres grading 1,570 grams silver per tonne, 16.25 grams gold per tonne, 7.0% lead, and 19.0% zinc (3,934 grams silver-equivalent per tonne and 1,960 grams silver per tonne, 0.32 gram gold per tonne, 15.4% lead and 21.6% zinc (3,434 grams silver-equivalent per tonne) over 1.1 metres. Discovery Silver has a market capitalization of about $634 million. n FABLED SILVER GOLD Fabled Silver Gold (TSXV: FCO; US-OTC: FBSGF) says it is the first company to systematically explore the high grade, epithermal Santa Maria silver-gold deposit in Chihuahua state, about 39 km from Parral. Fabled obtained an option to earn a 100% interest in the project from Golden Minerals (TSX: AUMN; NYSE: AUAMN) in December 2020. Historic exploration at Santa Maria assumed that the mineralized structures exhibited by the project’s Main and Dos veins seen on surface continued underground. The deposit was known to have

both oxide and sulphide zones with a blended zone in the middle where the grades are highest. Historic holes also reported the presence of base metals. Test mining was conducted in 2015 and 2016. After applying systematic geophysics, geochemistry and drilling, Fabled developed a new theory: that multi-phased mineralization created the 21 veins discovered so far that outcrop. Only two are partly drilled and all are open along strike and at depth. Infill drilling of high grade ore shoots is planned. The Main vein has an indicated resource of 318,913 tonnes grading 271.7 grams silver per tonne and 1.22 grams gold per tonne. The

An exploration drill operating at Sierra Metals’ Yauricocha mine in Peru. SIERRA METALS

Dos vein has an inferred resource of 147,780 tonnes grading 208.5 grams silver per tonne and 0.75 gram gold per tonne. In July, the company expanded its drill program from 8,000 metres to 14,200 metres. Highlights from recent drilling included drillhole SS20-21, which returned 12.97 grams silver per tonne and 4.95 grams gold per tonne (267.60 grams silver-equivalent per tonne) over 14.4 metres, including 48.30 See MEXICO SNAPSHOT / 13

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oz. gold for a total life of mine production of about 527,000 ounces All-in sustaining costs were pegged at US$1,204 per ounce. The mine plan used in the prefeasibility study was based on proven and probable reserves of 48.3 million tonnes averaging 0.5 gram gold per tonne for 794,272 oz. of gold. There is also a 7.2 million tonne low-grade (0.26 gram gold per tonne) stockpile. In the short term the company wants to increase reserves at San Francisco and ultimately enlarge the underground mine. Magna has three other earlier stage precious metals exploration projects in Mexico: the Mercedes gold project in Sonora, the Margarita silver project in Chihuahua, and the San Judas gold project in Sonora. Gold at the Mercedes project is hosted both as disseminated precious metals and in quartz-tourmaline breccias. An open pit mine with heap leaching is planned in the La Lamosa Ridge area. The latest resource estimated of inferred oxidized and mixed mineralization is 1.9 million tonnes averaging 0.52 gram gold per tonne and 12.39 grams silver per tonne for 31,000 oz. gold and 742,000 oz. silver. The Margarita silver project exhibits 7 km of outcropping veins, but only one has been drilled. Some drill intercepts have widths of over 48 metres. Nine of the holes drilled in 2018 have weighted average values of 221 grams silver-equivalent per tonne over 17.3-metre intercepts, including 475.5 grams silverequivalent per tonne over 3.1 metres in sub-intervals. The company has outlined a broad gold zone at its early stage San Judas project. The property hosts two parallel gold bearing structures — Santa Lucia and La Paloma. Magna maintains an active exploration portfolio including the La Pima and Los Muertos silver projects in Sonora state. Magna has a market cap of about $90 million.

Logging drill core at SilverCrest’s Las Chispas project in Mexico. SILVERCREST METALS

Canasil Resources’ Nora project in Mexico. CANASIL RESOURCES

MEXICO SNAPSHOT From 12

grams silver and 14.05 grams gold over 1 metre, 24.9 grams silver and 22.6 grams gold over 1.8 metres, and 15.2 grams silver and 7.11 grams gold over 1.5 metres. Fabled Silver Gold has a market cap of about $30.5 million. n GOGOLD RESOURCES GoGold Resources (TSX: GGD; US-OTC: GLGDF) generates cash flow from processing old tailings at its Parral metallurgical facility, about 14 km outside the city limits of Hidalgo del Parral in Chihuahua state. The tailings were left over from 300 years of mining operations in the area and the city grew around them. GoGold pays the city a monthly fee in exchange for the right to remove and process the tailings. Last year the operation produced 2.3 million silver-equivalent oz. and the proceeds cover general and administrative costs and help fund the company’s exploration programs in the country. The tailings area is located within the city of Parral, and GoGold trucks the material outside the city limits, where it is agglomerated and placed on a heap leach. The pregnant solution is passed through a Merrill-Crowe plant to recover silver, gold and copper. A SART (sulphidation, acidification, recycling and thickening) facility was commissioned in 2020 to produce copper sulphide. The Parral tailings site has proven and probable reserves of 15.4 million tonnes grading 33.4 grams silver per tonne for 16.6 million oz. contained silver and 0.34 gram gold per tonne for 171,000 oz. contained gold. GoGold also owns the nearby Esmerelda tailings property with measured and indicated resources of 5.72 million tonnes grading 49 grams silver per tonne and 0.26 gram gold per tonne for contained metal of 9.1 million oz. silver and

48,400 oz. gold. On the exploration front, GoGold is advancing its Los Ricos project in Mexico’s Jalisco state. The project, which it acquired in March 2019, has two deposits — Los Ricos North and Los Ricos South — which are situated about 25 km apart. GoGold’s first efforts focused on the Main area of Los Ricos South, where historic mining took place at El Abra, El Troce, San Juan and Rascadero.A preliminary economic assessment for Los Ricos South was produced in January. It outlined a six-year open pit and four-year underground mine producing a total of 42.9 million oz. silver, 352,000 oz. gold and 4.5 million lb. copper (70 million silverequivalent ounces). The study estimated an after-tax net present value (at a 5% discount rate) of $295 million and an after-tax internal rate of return of 46%. The base case used a silver price of US$21 per oz. and a gold price of US$1,550 per ounce. Initial capital for Los Ricos South was estimated at $125 million. Approximately two-thirds of the mill feed will come from the pit, and the remaining one-third from an underground mine. Los Ricos South has measured and indicated resources of 10 million tonnes grading 119 grams silver per tonne and 0.91 gram gold per tonne for 38.1 million oz. silver and 293,000 oz. gold. The inferred resource is 3.3 million tonnes grading 112 grams silver and 0.88 gram gold, containing 11.8 million oz. silver and 93,000 oz. gold. Last year GoGold expanded work to include drilling multiple targets at Los Ricos North, where nine drills are turning this year. Though still in the early exploration stages, the property is yielding near-surface mineralization. The first holes drilled at the La Trini target at Los Ricos North intersected 532 grams silver per tonne

and 2.41 grams gold per tonne (713 grams silver-equivalent per tonne) starting from 128 metres downhole. The intercept included 4.5 metres of 3,289 grams silver per tonne and 12.83 grams gold per tonne (4,251 grams silver-equivalent per tonne). The most recent hole reported in July from the newly discovered East zone at the El Favor target at Los Ricos North intersected 51.3 metres of 112.8 grams silver per tonne and 0.31 gram gold per tonne (136 grams silver-equivalent per tonne). The best result from the same hole was 0.9 metres of 1,367.2 grams silver and 2.78 grams gold (1,576 grams silver-equivalent). The Los Ricos North property is proving fertile ground for new discoveries. In February the company discovered the Cascados vein. Historical near-surface mining established a vein with an average width of 1.5 metres, but GoGold’s drilling has identified a mineralized vein over widths of more than 20 metres. And a fully intact second vein also has been drilled. Where the two veins combine into one, the width can be up to 56.5 metres, the company says. At Los Ricos South the PEA is complete and work is underway on the engineering studies required for a prefeasibility study. At Los Ricos North, the company is drilling 100,000 metres in fiscal 2021 ending Sept. 31, at ten targets, and the results will be used to define an initial NI 43-101 compliant resource estimate before the end of this year. GoGold had a market capitalization of $880 million. n MAGNA GOLD Magna Gold (TSXV: MGR; USOTC: MGLQF) owns the San Francisco open pit and underground gold mine in Sonora state, about 150 km north of the state capital of Hermosillo. The pastproducing mine churned out 300,834 oz. of gold between 1995 and 2000 and an additional 820,000 oz. gold between 2010 and when

mining ceased in 2020. Magna, founded in 2018, purchased the San Francisco project last year, and restarted mining and processing during the third quarter of 2020. The mine produced 11,713 oz. of gold and 7,742 oz. of silver in the three months ended June 30. For gold production, this marked a 20% increase over the previous quarter. An April 2020 resource estimate, which used a US$1,500 per oz. gold price, outlined 84.2 million measured and indicated tonnes averaging 0.55 gram gold per tonne for 1.5 million oz. of contained gold. A prefeasibility study completed in August 2020 estimated a mine life of about eight years with average annual production of 69,000

n SIERRA METALS Sierra Metals (TSX: SMT; NYSE: SMTS) is expanding silver, copper and gold production in Mexico and Peru where it has three producing underground mines. Last year Sierra Metals produced a total of 44.3 million lb. copper, up 11% over 2019, 3.5 million oz. silver (up 3%), 13,771 oz. gold (up 18%), 81.9 million lb. zinc (up 1%), and 33 million lb. lead (down 7%)

See MEXICO SNAPSHOT / 14

www.sierrametals.com Cu

17,900 TDP 9,350 TDP 1200

9,800 TDP 1200

5000

3150

3600

2020

2021 - 23E

Yauricocha - Peru

2400

10000

5500 2024 - 26E

Bolivar - Mexico

Cusi - Mexico

A Profitable and Growing Diversified Producer with Expansion Plans to Double Production at Both Mexican Mines SMT TSX | SMT BVL | SMTS NYSE AMERICAN

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GoGold’s Los Ricos North in Mexico. GOGOLD

MEXICO SNAPSHOT From 13

from a total of 2.8 million tonnes of ore. In terms of copper-equivalent, 2020 production measured 118.2 million lb. (up 6%). Guidance for 2021 is between 130 million and 141 million lb. copper-equivalent. The company has plans to increase production at all three of its mines: Bolivar and Cusi in the Mexican state of Chihuahua, and Yauricocha in Peru. Specifically, the company plans to increase the mining rate at all three producers by 2024: from 5,000 tonnes per day to 10,000 tonnes per day at Bolivar; from 1,200 tonnes per day to 2,400 tonnes per day at Cusi; and from 3,600 tonnes per day to 5,500 tonnes per day at Yauricocha. In Mexico, the Bolivar silvercopper-gold mine achieved its first full year of commercial production in 2012. Ore is processed at a mill that originally had a capacity of 1,000 tonnes per day but has increased steadily since then.

Last year it reached 5,000 tonnes per day. With the next mill expansion, capacity will double to 10,000 tonnes per day between

2024 and 2025. A prefeasibility study is underway for the expansion. According to the preliminary economic assessment filed in November 2020 for the expansion, the initial capex is estimated to be US$316.6 million in order to double the mining and milling rate. Besides development, ventilation and equipment costs, a US$25 million paste fill plant is planned. In April, Sierra announced that it will invest US$28 million for an iron ore concentrator at the Bolivar mine that is to be operational at the end of the year. The plant is expected to produce 500,000 tonnes of magnetite concentrate per year, adding an additional revenue stream for the company and reducing the volume of tailings that must be managed. Engineering and processing tests for the flowsheet are underway with commissioning to come by the end of the year. Resources at the Bolivar coppergold-silver mine, of which Sierra is the sole owner, are all mined from underground. In May 2020 the project had measured and indicated resources of 19.4 million tonnes averaging 15.1 grams silver per tonne, 0.8% copper, and 0.21 gram gold per tonne for 407 million lb. contained copper-equivalent. The inferred resource is 12.4 million tonnes grading 14.2 grams silver per tonne, 0.8% copper and 0.21 gram gold per tonne, for another 453 million lb. copper-equivalent.

Sierra also owns 100% of the Cusi underground silver-gold mine. Commercial production was declared in January 2013 but the company considers the project to be in the development stage. A significant portion of production still comes from development ore. There are two interconnected conventional mills serving Cusi. Lead and zinc concentrates are produced. A PEA completed in November 2020 indicated that to boost mining and milling to 2,400 tonnes per day it will cost the company US$36.5 million, primarily for the tailings dam. If the expansion ultimately boosted rates to 3,000 tonnes per day in 2024, the initial capex would be US$45 million. The most recent Cusi resource estimate was announced in November 2020. The measured and indicated portion is 5.4 million tonnes averaging 182 grams silver per tonne, 0.6% zinc, 0.5% lead, and 0.12 gram gold per tonne for 37 million silver-equivalent ounces. The inferred portion is 4.9 million tonnes of 146 grams silver per tonne, 0.7% zinc, 0.4% lead, and 0.18 gram gold per tonne, for 28.8 million oz. silverequivalent. The Yauricocha silver-copperzinc-lead-gold mine has been in continuous operation since 1948. Ore is processed on site using conventional crushing, grinding and flotation. Sierra has mounted a successful exploration program

Magna Gold’s San Francisco gold mine in Mexico. MAGNA GOLD

that has outlined wider zones and higher grades, which underpins the planned expansion to 5,500 tonnes per day. The capital cost of the expansion is estimated at US$72.7 million, and includes sinking a shaft and building a ramp, as well as improvements to the tailings facility. Resources at the Yauricocha underground mine, in which Sierra has an 82% interest, were last updated in November 2019. The measured and indicated portion was 15.9 million tonnes averaging 44 grams silver per tonne, 1.2% copper, 2.2% zinc, 0.6% lead and 0.53 gram gold per tonne. In terms of contained zinc-equivalent, that is 2.1 billion lb. The inferred portion is 11.6 million tonnes at 27.5 grams silver per tonne, 1.4% copper, 1% zinc, 0.3% lead and 0.45 gram gold per tonne for another 1.2 million lb. zinc-equivalent. The company has a market cap of $626 million. n SILVERCREST METALS SilverCrest Metals’ (TSX: SIL; NYSE: SILV) flagship property is the Las Chispas silver-gold project in Sonora state. The company

See MEXICO SNAPSHOT / 16

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THE NORTHERN MINER / AUGUST 16–29, 2021

JOINT VENTURE ARTICLE

Southern Silver on track for resource update in third quarter for Cerro Las Minitas BY NORTHERN MINER STAFF

Southern Silver Exploration (TSXV: SSV; US-OTC: SSVFF) has completed more than 20,000 metres of drilling at its flagship Cerro Las Minitas project in Mexico since its last resource estimate in May 2019, and says it’s on track to update the numbers before the end of August, and kick off a preliminary economic assessment in the fourth quarter. “We’ve had some fantastic results since we re-started drilling in September,” says Robert Macdonald, the company’s vice-president of exploration. “You’re seeing some very high-grade silver mineralization and complementary metals over significant widths, and mineralization that averages much higher than the average grade of the deposits we have identified so far.” Cerro Las Minitas, a silver-copperlead-zinc project in the state of Durango, is one of the largest and highest grade undeveloped silver projects in the world on a silverequivalency basis, Macdonald says, and sits in north-central Mexico’s “elephant country” — about 250 km from Newmont’s (TSX: NGT; NYSE: NEM) Penasquito mine, 100 km from Grupo Mexico’s San Martin mine, and about 75 km from Mexico’s silver-rich Velardeña district. The deposit, about 70 km northeast of Durango, the state capital and its largest city, is also attractive, Macdonald says, because it is a large sulphide deposit, rather than a mixed sulphide/oxide deposit with grades that are high enough for the project to be mined as an underground operation. Currently Cerro Las Minitas has an indicated resource of 11.1 million tonnes grading 105 grams silver per tonne, 0.16% copper, 1.2% lead, 3.7% zinc and 0.10 gram gold per tonne (375 grams silver-equivalent per tonne) for contained metal of 37.5 million oz. silver, 40 million lb. copper, 303 million lb. lead, 897 million lb. zinc, and 35,000 oz. gold or 133.9 million silver-equivalent ounces. Inferred resources stand at 12.8 million tonnes grading 111 grams silver per tonne, 0.27% copper, 0.9% lead, 2.8% zinc, 0.07 gram gold per tonne (334 grams silver-equivalent per tonne) for 45.8 million oz. silver, 76 million lb. copper, 253 million lb. lead, 796 million lb. zinc, and 31,000 oz. gold or 138.1 million silverequivalent ounces. The resource estimate included mineralization found to a depth of about 1100 metres, or roughly one km from surface. Of the 23.9 million tonne total, 18 million tonnes comes from the Skarn Front zone, and the balance is from three smaller and nearer surface deposits — the Blind zone (comes nearly to surface and then cuts off at around 300-350 metres depth), the El Sol zone, and the Las Victorias zone. Drill results in the last nine months continue to add value to the project, Macdonald says, and he believes the company could deliver as much as 30% more metal. “Our objective is to increase the basic metal content with the next resource estimate,” he says. “We currently have 83 million oz. silver

“We already have four deposits and we’ll be adding at least two more, but there may even be more sub-deposits.” ROBERT MACDONALD, VICE PRESIDENT OF EXPLORATION, SOUTHERN SILVER EXPLORATION

Southern Silver Exploration’s flagship Cerro Las Minitas project, 250 km from Newmont’s Penasquito mine. SOUTHERN SILVER EXPLORATION

Drilling on the east side of the intrusion at the Cerro Las Minitas project in Mexico. SOUTHERN SILVER EXPLORATION

and we’d like to see that crest 100 million oz. silver; and the current 2.2 billion lb. of combined lead and zinc to go up to about 2.5-2.6 billion pounds.” Macdonald also notes that the resource update will be based on a silver price of US$20 per oz., compared with the 2019 resource, which was based on US$16.60 per ounce. Highlights from the 21,389 metres it has drilled at the project in 20202021 include 8.0 metres (true width) grading 1,072 grams silver per tonne, 0.39% copper, 18.8% lead, 7.5% zinc and 0.61 gram gold per tonne (2,040 grams silver-equivalent) starting from 299.9 metres downhole in drill hole CLM-131; 6.3 metres (true width) grading 134 grams silver per tonne, 2.29% copper, 0.3% lead, 0.6% zinc and 0.47 gram gold per tonne (461 grams silver-equivalent) starting from 384 metres from surface in drillhole CLM-135; and 6.7 metres (true width) grading 625 grams silver per tonne, 0.03% copper, 11.8% lead, 7.5% zinc, and 0.11 gram gold per tonne (1,454 grams silver-equivalent per tonne) from 226.10 metres downhole in CLM- 119. Southern Silver acquired the project in 2010 and since then has drilled a total of more than 78,000

metres (163 drill holes) — delivering a discovery cost of about 9¢ per silverequivalent oz., Macdonald says. The junior explorer now owns 100% of the project, but previously had earn-in agreements with Freeport-McMoRan (NYSE: FCX) and the Electrum Group. (Since acquiring the project more than a decade ago, the company and its former partners have spent a total of US$27 million on exploration, including acquisition costs.) “Freeport completed a US$5 million earn-in between late-2012 to 2014, drilled 11 holes, and then decided the project wasn’t for them,” Macdonald says. The Electrum Group came in with another US$5 million earn-in agreement in 2015. Electrum completed its earn-in and then spent an additional US$3-4 million on exploration as part of a joint-venture on the project. “At that point Electrum was very busy on other projects and they felt they wanted to wait a little bit to advance it,” Macdonald says. “For exploration companies like ourselves, that didn’t work too well, so we negotiated to buy out Electrum’s 60% interest for US$15 million in cash and share payments. We now have 100% ownership and full control.” (Of the $15 million,

Southern Silver has paid a total of $11 million and will make the last payment in September). “The transaction with Electrum is transformative,” he says. “It gives us 100% ownership, it increases our market cap and makes us a much more attractive takeover target.” The company also has about $18 million in cash in the bank, following brokered and non-brokered financings this year totaling $12 million, which is “more than enough cash to meet those obligations.” “We’re fortunate to have a project like this that continues to build and grow into a world-class asset,” Macdonald says. “We’ve worked on this for a decade now and have been able to continue to get money into the ground and continue to develop the resource. We’ve now identified shallow high-grade mineralization to the east about 1 km away from the previous mineral resource and that’s going to be an important complement to the current resource and new discoveries on the project.” Mineralization at Cerro Las Minitas is largely located in the skarn altered halo around a large central intrusion. From 2011 to 2019, most of the drilling focused on the west side of the intrusion, and was the basis of the 2019 resource estimate. At that point, the company had only drilled 15 holes in total on the east side of the intrusion, but these weren’t incorporated into the resource estimate. The 2020-2021 drill program has targeted holes on the east side of the intrusion and these new results will be incorporated into the upcoming resource estimate. “We’ve drilled the Mina La Bocono target to a depth of about 450 metres. It has a higher concentration of gold and silver, and we’ve identified two high-grade chimneys,” Macdonald says, “and we have just finished drilling a third area which has additional potential.” “The idea was to step off the higher grade zones encountered in earlier drilling and continue to build

shallow resources that would sit within the top 200 to 400 metres of surface. That is, shallow mineralization which could be developed early in the mine plan.” At its South Skarn target on the east side and to the south of the Front Skarn deposit, the company has identified over 400 metres of strike to a depth of 450 metres, which Macdonald says is “the basis of a brand new deposit.” “We already have four deposits and we’ll be adding at least two more, but there may even be more sub-deposits,” he says. “Early thinking is that development could start on the shallower and higher grade eastern deposits and transition over time to the western zones.” The company plans to drill another 3,000 to 4,000 metres in greenfield exploration during the remainder of this year. As far as working in Mexico is concerned, Macdonald notes Cerro Las Minitas is in a safe location on the plains. “We’re not in the mountains, we’re on the plain out in the open, so it makes it a very safe jurisdiction to operate in,” he says, noting that in the last decade the company has never had any serious security concerns. In addition to Cerro Las Minitas, Southern Silver owns 100% of the Oro project, a copper-gold-molybdenum porphyry project with an adjacent near-surface gold target, in New Mexico, U.S. Over the last year, Southern Silver has traded in a price range of 29.5¢ and 70¢ per share, and at presstime in Toronto was trading at 38.5¢. The junior has a market cap of about $99 million based on 278 million common shares outstanding. The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Southern Silver Exploration and presented in partnership with The Northern Miner. Visit www.southernsilverexploration.com for more information.

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AUGUST 16–29, 2021 / THE NORTHERN MINER

MEXICO SNAPSHOT From 14

currently has eight drill rigs on site testing infill, expansion and new targets. Three of the 14 epithermal veins previously defined at the property had historic production. Public records note the property had a producing mill between 1908 and 1911. During that time, 3.2 million oz. of silver and 25,000 oz. of gold were produced. A feasibility study released in February envisioned an 8.5 year mine life with average annual production at a mining rate of 1,250 tonnes per day of 6.4 million oz. silver and 69,000 oz. gold (12.4 million oz. silver-equivalent) at allin sustaining costs of US$7.04 per oz. silver-equivalent over the mine life. The study was based on a silver price of US$19 per oz. and a gold price of US$1,500 per ounce. Initial capex was estimated at US$138 million and could be paid back in one year. The project carries a post-tax net present value (at a 5% discount rate) of US$486.3 million and a post-tax internal rate of return of 52%. Those assumptions could amount to an undiscounted life of mine net free cash flow of US$565.4 million. SilverCrest has all the key permits in hand. The project will feature dry stack tailings, and is shovel ready. The proven and probable reserves at Las Chispas are 3.4 million tonnes grading 552 grams silver per tonne and 6.21 grams gold per tonne. In terms of contained metal, that works out to 49.7 million oz. silver and 518,100 oz. gold. SilverCrest plans to use variations of long-hole stoping and cutand-fill mining via several drifts and ramps to extract ore from 15 principal veins. The mill will include grinding ahead of gravity pre-concentration. This will be followed by cyanide leaching, counter-current decant washing of the leach residue, and Merrill-Crowe recovery of previous metals followed by smelting to create doré. SilverCrest also has two active silver-gold exploration prospects in Mexico — El Picacho and Cruz de Mayo (both in Sonora state) — plus the inactive Angel de Plata and Estacion Llano properties (also in Sonora). SilverCrest has a market cap of $1.6 billion.

A view along the strike at Fabled Silver Gold’s Santa Maria project in Mexico. FABLED SILVER GOLD n TOREX GOLD RESOURCES Torex Gold Resources (TSX: TXG; US-OTC: TORXF) owns the El Limón Guajes (ELG) mining complex in Mexico’s Guerrero gold belt, 180 km southwest of Mexico City. Last year the underground mine produced 430,484

oz. of gold at all-in sustaining costs of US$924 per oz. sold. This year’s guidance is 430,000 to 470,000 oz. of gold at AISCs of between US$920-$970 per ounce. Most ore is sourced from the El Limón and Guajes open pits with a small proportion coming from

the El Limón Sur open pit. There is the potential to extend the mine life of the El Limón pit into 2024 should an additional push-back prove economic. Torex has announced plans this year to accelerate exploration that could extend the life of the El

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Limón underground mine. A third portal is under consideration for the mine because it could reduce ore transport distances by 50%. The 13,000-tonne per day mineral processing plant has gold recoveries of 87% using carbonin-pulp technology. In 2018 a sulphidation, acidification, recycling and thickening (SART) plant was commissioned to remove copper from the leach plant. The SART plant reduces cyanide use and lowers the amount of NaCN in the tails substantially. Tailings are filtered and dry stacked to minimize environmental risk. Torex says it expects relatively consistent production from ELG through 2023. But output is expected to rise significantly in 2024 when its Media Luna project comes onstream. A preliminary economic assessment was done in 2018, and a feasibility study is underway for completion in early 2022. Media Luna is an underground silver-copper-gold deposit. The PEA envisaged an annual goldequivalent production of 350,000 oz. over a ten-year life. The initial capital investment of US$496 million includes modifications to the ELG processing plant to produce copper-gold-silver concentrate as well as doré. The updated PEA gives Media Luna an after-tax net present value (at a 5% discount rate) of US$582 million and an internal rate of return of 27%, based on a gold price of $1,200 per oz., a silver price of US$17 per oz., and a copper price of US$3 per pound. Meanwhile, exploration drilling continues at Media Luna to upgrade resources. In April the total indicated resource was 20.9 million tonnes grading 3.21 grams gold per tonne, 31.7 grams silver per tonne, and 1.07% copper. The inferred portion was 18.9 million tonnes averaging 2.11 grams gold per tonne, 28.2 grams silver per tonne, and 1.04% copper. The estimate was made using US$1,500 per oz. gold, US$20 per oz. silver and US$3.50 per lb. copper. The Media Luna feasibility study is expected in the first quarter of 2022, and initial production is scheduled for the first quarter of 2024. Torex has a market capitalization of $1.2 billion. TNM

Orla Mining reports high grade assays from Camino Rojo gold project MEXICO

| Exploration drilling work completed in April

BY NORTHERN MINER STAFF

rla Mining (TSX: OLA; NYSE: ORLA) has released new assay results from drilling the sulphides zone at its Camino Rojo gold project in Mexico’s Zacatecas state, about 50 km southeast of Newmont’s (TSX: NGT; NYSE: NEM) Penasquito mine. The company said the results confirm the presence of wide, higher grade gold zones at the sulphide deposit. The drill program consisted of close-spaced drilling on three sections of the sulphide zone focusing on the extension of the Camino Rojo deposit down plunge of the planned open pit. These drill results are from a deeper sulphide zone at the project where underground mining could occur, while an oxide portion of the deposit could see an open pit operation. Orla says it drilled 14 holes that yielded 27 significant mineralized drill intercepts with a grade-by-

Relogging core at Orla’s Camino Rojo project in Mexico. ORLA MINING

grade thickness factor greater than 50 grams gold per tonne by metre. These included ten intercepts with a grade-by-thickness factor greater than

100 grams gold per tonne by metre. Among the highlights were drillhole CRSX20-01, which returned 2.38 grams gold per tonne over 108 metres

starting from 445 metres downhole and drillhole CRSX21-04A, which cut 4.47 grams gold per tonne over 55.5 metres from 606 metres depth. “We are encouraged with the results from the Camino Rojo sulphides drill program,” Jason Simpson, Orla’s president and CEO, stated in a news release. “While the geological setting is already well understood, this new information will be meaningful as we refine the geological model and move to focus on possible development approaches. We are pleased that this drilling has reinforced the structural controls predicated by our geologists, and we will likely require more drilling across the orebody, ideally at this more optimal drill orientation.” Orla acquired Camino Roja from Goldcorp in 2017 and hopes to develop the project into an open pit or underground mine. The 6,079-metre directional core drilling program on the sulphide zone began in October 2020 and was completed in April.

The company intends to use the data from the drill program to update the resource estimate for the sulphide portion of the deposit. The company also plans to advance the Camino Rojo oxide gold project towards first production before the end of this year (an 18,000 tonne per day open pit mine with a mine life of six years producing an average of 97,000 oz. gold a year). But, in parallel, it is examining different options for the Camino Rojo sulphide zone. These are the subject of a preliminary economic assessment and include: an underground mine; an open pit mine with processing at a yet to be constructed sulphide facility; and an open pit mine that would process its mineralized material at Newmont’s Penasquito plant. At press time in Toronto, Orla was trading at $4.91 per share within a 52-week range of $3.84 to $7.51. The company has 247 million common shares outstanding for a market cap of $1.2 billion. TNM

GLOBAL MINING NEWS

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AUGUST 16–29, 2021 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / AUGUST 2 – 6 The S&P/TSX Composite Index rose 0.93% to finish the August 2-6 trading week at 20,475.40. The Global Mining Index fell 2.64% and the S&P/TSX Global Base Metals Index dropped 1.11%. The S&P/TSX Global Gold Index lost 4.42% to 295.18 and spot gold fell US$50.70 to US$1,763.10 per ounce. Nutrien jumped 56¢ to $74.74 per share. The company announced that it had signed a collaboration agreement with EXMAR to jointly develop and build a low-carbon, ammoniafueled vessel. The collaboration aims to reduce Nutrien’s maritime transportation emissions. Nutrien is one of the world’s largest producers of low-carbon ammonia and EXMAR is a leading player and innovator in the transportation of liquefied gas products. Shares of SSR Mining rose 48¢ to $20.79. The company reported second-quarter production of 199,673 gold-equivalent ounces at all-in sustaining costs of US$961 per ounce and generated US$100 million in free cash flow. The company reported a quarterly cash dividend of US5¢ per common share payable on September 3. In the first six months of the year, SSR Mining produced 395,750 gold-equivalent oz. at AISCs of US$983 per ounce. The company reported second-quarter attributable net income of US$54 million, or US25¢ per share. SSR Mining

has four producing assets in the United States (Marigold), Turkey (Copler), Canada (Seabea) and Argentina (Puna). In 2020 the company produced 711,000 gold-equivalent ounces. It also has a pipeline of development assets in the U.S., Turkey, Mexico, Peru and Canada. Lithium Americas rose 35¢ to $18.57 per share. The company reported that construction activities at its Cauchari-Olaroz project in Argentina remain on track to achieve first production by mid-2022 on the initial operation, producing 40,000 tonnes of lithium-carbonate equivalent (LCE) per year. The company said the solid-liquid separation plant is over 73% complete; the solvent extraction (SX) plant is 65% complete; and the potassium chloride plant over 67% complete. In May, the company in partnership with Ganfeng Lithium, approved TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Barrick Gold Yamana Gold B2Gold Corp Kinross Gold Ivanhoe Mines Lundin Mng First Quantum Denison Mines Teck Res

SU 34164 ABX 15462 YRI 14408 BTO 13488 K 13338 IVN 11492 LUN 11237 FM 9315 DML 8446 TECK.B 7004

25.07 27.97 5.93 5.35 8.40 9.65 11.47 27.29 1.42 28.83

WEEK LOW CLOSE CHANGE

23.81 25.55 5.38 4.76 7.65 9.11 10.86 25.25 1.32 26.78

24.71 + 0.15 26.14 - 1.02 5.57 - 0.02 4.86 - 0.37 7.76 - 0.41 9.64 + 0.38 11.28 - 0.09 26.33 - 0.39 1.39 + 0.04 27.51 - 0.97

Shares of B2Gold fell 37¢ to $4.86. The company reported total production in the second quarter of 211,612 oz. of gold (including 14,232 oz. of attributable production from Calibre Mining Corp.), and consolidated gold production of 197,380 oz. from its three operating mines. Total all-in sustaining costs came in at US$1,016 per oz. gold sold and consolidated AISCs from the company’s three operating mines was US$1,011 per oz. gold sold. TNM

development planning for a second stage expansion of at least an additional 20,000 tonnes of LCE a year. Lithium Americas also said it expected the results of its feasibility study on the first phase of the Thacker Pass project in Nevada (for at least 30,000-35,000 tonnes of LCE per year) before the end of the year. At the end of June, the company had US$505 million in cash and equivalents and US$156 million in undrawn credit.

TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Yorbeau Res Sierra Metals Arizona Gold Verde Potash Avalon Advance Excelsior Mng Mawson Res Silver Bear Rs PolyMet Mng Talisker Res Forsys Metals Xanadu Mines Orosur Mng Century Global Goldgroup Mng Laramide Res Nevada Copper Trevali Mining Fortune Min Great Panther

YRB SMT AZG NPK AVL MIN MAW SBR POM TSK FSY XAM OMI CNT GGA LAM NCU TV FT GPR

476 353 483 171 1016 777 152 345 20 363 3337 3081 881 12 4875 4664 4776 4883 996 610

0.05 3.91 0.11 1.40 0.15 0.60 0.25 0.10 4.03 0.31 0.96 0.04 0.36 0.28 0.08 0.60 0.19 0.23 0.13 0.80

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.04 3.43 0.09 1.11 0.13 0.55 0.23 0.09 3.83 0.28 0.69 0.03 0.29 0.23 0.05 0.47 0.17 0.20 0.10 0.64

0.05 3.88 0.11 1.30 0.15 0.60 0.25 0.09 4.03 0.31 0.69 0.03 0.29 0.23 0.06 0.48 0.17 0.20 0.10 0.67

+ + + + + + + + + + -

25.0 11.8 10.0 7.4 7.4 7.1 6.4 5.9 5.2 5.2 27.4 25.0 17.1 16.4 14.3 14.3 13.2 13.0 13.0 13.0

Nutrien SSR Mining Sierra Metals Ivanhoe Mines Lithium Amer PolyMet Mng Suncor Energy Jaguar Mng GoGold Res Largo Res Agnico Eagle Newmont Corp Franco-Nevada Wheaton Prec Victoria Gold Kirkland Lake Pan Am Silver Turquoise HIl Ero Copper Skeena Res

NTR SSRM SMT IVN LAC POM SU JAG GGD LGO AEM NGT FNV WPM VGCX KL PAAS TRQ ERO SKE

3630 3043 353 11492 2600 20 34164 682 2547 509 2195 1065 1480 3743 838 3607 1831 1171 938 514

WEEK CLOSE

74.74 20.79 3.88 9.64 18.57 4.03 24.71 5.68 3.08 20.50 76.00 75.12 197.29 55.67 17.00 51.56 33.59 19.39 23.74 15.10

CHANGE

+ + + + + + + + + + -

0.56 0.48 0.41 0.38 0.35 0.20 0.15 0.13 0.11 0.10 4.71 3.09 2.26 1.96 1.80 1.79 1.44 1.43 1.37 1.36

TSX VENTURE EXCHANGE / AUGUST 2 – 6 The S&P/TSX Venture Composite Index rose 0.02 points or 0.002% to 925.65. Spot gold fell US$50.70 to US$1,763.10 per ounce. Shares of Filo Mining jumped $1.02 to $10.89. The junior reported drill results from its 100%-owned Filo del Sol project in Argentina’s San Juan province. Drillhole FSDH049 returned 425.3 metres grading 91.5 grams silver per tonne, 0.42% copper and 0.44 gram gold per tonne (1.55% copper-equivalent), including the highest grade silver intersection on the project to date, with 4 metres grading 5,045 grams silver per tonne from a depth of 236 metres contained within a broader silver interval of 56 metres grading 629.1 grams silver per tonne from a depth of 228 metres. Another drillhole, FSDH051, extended the mineralized zone by 750 metres to the north, bringing the total north-south extent of continuous mineralization to 4,500 metres. This is the most northerly hole drilled so far at the project, and returned 344 metres grading 9.4 grams silver, 0.26% copper and 0.21 gram gold (0.50% copper-equivalent) from 246 metres downhole. Filo Mining plans to complete a resource update before the end of the year. Tudor Gold’s shares rose 29¢ to $2.50. The company announced the first results from its

2021 resource expansion and definition drill program at the Goldstorm deposit, part of its flagship property, Treaty Creek, in northwestern British Columbia’s Golden Triangle. (Seabridge’s KSM project lies about 5 km to the southwest of Goldstorm.) Highlights from the drilling included drillhole GS-21-103, which returned 801 metres grading 0.653 gram gold per tonne, 3.02 grams silver per tonne, and 139 parts per million copper (0.704 gram per tonne gold-equivalent) from 27 metres downhole, including 75 metres 0f 1.815 grams gold per tonne, 12.89 grams silver per tonne and 503 parts per million copper (2.025 grams per tonne gold-equivalent). The Goldstorm deposit remains open in all directions and at depth. Shares of Great Bear Resources fell 58¢ to TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold Doubleview Gld Western Mag Noront Res Constantine Mt Marvel Discov Emerita Res Sphinx Res Golden Dawn Ml NEO Battery

HIVE 17687 DBG 13457 WMG 7600 NOT 7449 CEM 5546 MARV 5234 EMO 5011 SFX 4097 GOM 3895 NBM 3695

3.94 1.18 0.71 0.60 0.55 0.22 2.16 0.02 0.21 0.90

WEEK LOW CLOSE CHANGE

2.75 0.51 0.29 0.56 0.27 0.16 1.80 0.00 0.11 0.68

3.81 + 0.63 0.65 + 0.59unch 0.41 0.18 1.98 + 0.02 0.17 + 0.70 -

0.56 0.40 0.35 0.00 0.03 0.01 0.08 0.01 0.06 0.13

$14.33. The company updated investors on its ongoing fully funded $45 million 2021 exploration program at its 100%-owned flagship Dixie project in Ontario’s Red Lake district. The company said it has completed 440 drill holes at the project’s LP Fault, and its Phase 1 drill program is substantially complete to an average depth of 450 metres along a strike length of over four kilometres. Of the 440 holes

(over 40,000 metres), 109 drillholes are being assayed and the results are expected over the next two to three months. Great Bear said an initial resource estimate modeling the first 450 metres of mineralization from surface at the LP Fault is underway and is expected to be published no later than the first quarter of 2022. The company said it is now starting Phase 2 drilling. TNM

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

Western Mag Firestone Vent Kiplin Metals Golden Dawn Ml Highbank Res Rochester Res Mkango Res Stelmine Can Power Metals Castle Peak Mg Doubleview Gld Norse Gold Altaley Mining Balto Res Erin Ventures BMEX Gold Vantex Res Monarca Mnrls Galantas Gold Sphinx Res

WMG FV.H KIP GOM HBK RCT MKA STH PWM CAP DBG VKG.H ATLY BAL.H EV BMEX VAX MMN GAL SFX

7600 47 35 3895 215 162 116 893 947 139 13457 255 1816 260 495 533 90 504 238 4097

0.71 0.24 0.49 0.21 0.02 0.08 0.55 0.25 0.25 0.02 1.18 0.08 0.78 0.18 0.14 0.19 0.25 0.10 0.80 0.02

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.29 0.00 0.31 0.11 0.01 0.00 0.36 0.16 0.17 0.02 0.51 0.05 0.51 0.10 0.10 0.14 0.19 0.08 0.58 0.00

0.65 0.24 0.49 0.17 0.02 0.08 0.55 0.22 0.24 0.02 0.63 0.05 0.53 0.10 0.10 0.14 0.19 0.08 0.60 0.02

+ 113.1 + 67.9 + 60.7 + 54.5 + 50.0 + 50.0 + 46.7 + 37.5 + 37.1 + 33.3 - 38.8 - 37.5 - 31.2 - 31.0 - 26.9 - 26.3 - 26.0 - 25.0 - 25.0 - 25.0

VOLUME (000s)

Filo Mg Corp Tanqueray Expl Sigma Lithium Rock Tech Lith Leeta Gold Western Mag Neo Lithium Tudor Gold Teuton Res Kiplin Metals New Found Gold Eloro Res Great Bear Res Arizona Metals Artemis Gold Metalore Res Doubleview Gld IsoEnergy Ltd Nouveau Monde Callinex Mines

FIL IPA SGMA RCK HIVE WMG NLC TUD TUO KIP NFG ELO GBR AMC ARTG MET DBG ISO NOU CNX

WEEK CLOSE

873 10.89 438 9.19 982 8.60 342 5.54 17687 3.81 7600 0.65 2327 3.89 342 2.50 95 2.42 35 0.49 749 8.93 917 4.14 140 14.33 381 4.35 505 5.71 4 2.70 13457 0.63 363 2.36 147 8.43 83 3.54

CHANGE

+ + + + + + + + + + -

1.02 0.97 0.97 0.67 0.56 0.35 0.33 0.29 0.21 0.19 1.15 0.61 0.58 0.54 0.54 0.46 0.40 0.38 0.32 0.31

U.S. MARKETS / AUGUST 2 – 6 The Dow Jones Industrial Average gained 273.04 points or 0.78% to 35,208.51 and the S&P 500 rose 41.26 points or 0.94% to 4,436.52. Spot gold fell US$50.70 to US$1,763.10 per ounce. Intrepid Potash posted the biggest gain — climbing US$4.00 per share to US$34.30 per share. The company reported second-quarter net income of US$19.5 million, or US$1.46 per share, a gross margin of US$14.2 million (compared to a gross deficit of US$0.6 million in the second quarter of 2020), and cash flow from operations of US$32.3 million. The company ended the second quarter with US$53 million in cash and equivalents. Shares of Consol Energy rose US$1.34 to US$22.35. The company reported second quarter net income of US$4.2 million (including US$20.4 million of unrealized mark-to-market losses related to commodity derivatives) and free cash flow of US$54.4 million. Shipments in its coal division amounted to 5.9 million tons, of which 55% went into the export market and 47% into non-power generation applications. It ended the quarter with US$146.7 million in cash and equivalents. Mosaic’s shares gained 26¢ to US$31.49. The company reported second quarter net income of US$437 million, or US$1.14 per share, a gross

margin of US$752 million, and US$1 billion in cash flow from operations (US$718 million after subtracting capital expenditures). The company expects average realized prices for phosphate in the third quarter will be US$90 to US$100 per tonne higher than prices realized in the second quarter and US$25 to US$35 per tonne higher for potash, and reported that its third quarter phosphate and potash segment sales were about 90% committed and priced. Net debt as of June 30 totaled US$3 billion, down US$1.1 billion from the year-ago period, and included unrestricted cash and equivalents of US$1.4 billion. It also noted that in August it will retire US$450 million in long-term debt that matures in November 2021. U.S. MOST ACTIVE ISSUES VOLUME (000s)

HIGH

WEEK LOW CLOSE CHANGE

Vale* VALE148482 21.89 20.90 20.94 Cleveland-Clif* CLF 108357 25.20 23.27 24.02 Barrick Gold* GOLD80921 22.30 20.35 20.80 United States S* X 76182 26.55 24.55 25.91 Freeport McMoR* FCX 75127 39.08 35.32 36.86 Yamana Gold* AUY 60614 4.73 4.35 4.44 Kinross Gold* KGC 44768 6.70 6.10 6.19 Chevron Corp* CVX 42016 103.98 100.10 101.95 + Suncor Energy* SU 33384 20.33 18.99 19.68 + Peabody Enrgy* BTU 29425 12.52 10.88 12.35 +

0.08 0.98 0.97 0.57 1.24 0.05 0.37 0.14 0.05 0.64

AngloGold Ashanti fell US$3.84 to US$16.21 per share. The company reported second quarter production of 613,000 oz. at a total cash cost of US$1,006 per oz., compared with 693,000 oz. gold and total cash costs of US$767 per oz. in the second quarter of 2020. All-in sustaining costs were US$1,380 per oz. in the second quarter, up from US$985 per oz. in the year-earlier quarter. AngloGold generated

US$67 million in free cash flow during the second quarter compared to an outflow of US$92 million in the first quarter of 2021. The company said its second quarter performance was affected by the pandemic, increased costs, lower realized grades across certain operations and the suspension of underground mining at its Obuasi mine following a fatal accident on May 18. TNM

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

Intrepid Pots* NACCO Ind* CONSOL Energy* Peabody Enrgy* Black Hills* Alcoa* Lithium Amer* Mechel* MartinMarietta* Arch Resources* AngloGold Ash* Gold Fields* IAMGOLD* Harmony Gold* Endeavr Silver* HudBay Min* Coeur Mng* Turquoise HIl* Buenaventura* Hecla Mining*

IPI NC CEIX BTU BKH AA LAC MTL MLM ARCH AU GFI IAG HMY EXK HBM CDE TRQ BVN HL

659 34.39 106 29.54 2011 22.54 29425 12.52 1543 71.56 29063 41.65 12004 14.91 523 2.23 1467 372.62 2085 68.35 24810 20.82 28866 10.34 16049 2.84 21729 4.35 10178 5.51 5240 7.31 18876 7.52 3005 16.85 3691 8.59 29037 6.82

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

WEEK LOW CLOSE CHANGE

30.47 34.30 25.01 27.13 19.14 22.35 10.88 12.35 67.70 70.25 38.00 40.71 13.37 14.81 2.15 2.20 357.36 366.63 63.84 66.27 16.04 16.21 8.81 8.82 2.42 2.50 3.73 3.75 4.74 4.85 6.59 6.60 6.70 6.96 15.23 15.42 7.54 7.64 5.98 6.20

+ 13.2 + 8.2 + 6.4 + 5.5 + 3.8 + 1.4 + 1.4 + 0.9 + 0.9 + 0.8 - 19.2 - 10.2 - 8.8 - 8.5 - 8.0 - 7.8 - 7.7 - 7.7 - 7.5 - 7.3

Intrepid Pots* IPI MartinMarietta* MLM Black Hills* BKH NACCO Ind* NC CONSOL Energy* CEIX Peabody Enrgy* BTU Alcoa* AA Arch Resources* ARCH Mosaic* MOS Lithium Amer* LAC Agnico Eagle* AEM AngloGold Ash* AU Newmont Corp* NEM Franco-Nevada* FNV Wheaton Prec* WPM Kirkland Lake* KL Rio Tinto* RIO Turquoise HIl* TRQ Freeport McMoR* FCX Ero Copper* ERO

659 1467 1543 106 2011 29425 29063 2085 22001 12004 3505 24810 23700 1775 7674 6066 12228 3005 75127 51

WEEK CLOSE

34.30 366.63 70.25 27.13 22.35 12.35 40.71 66.27 31.49 14.81 60.53 16.21 59.82 157.00 44.32 41.02 84.97 15.42 36.86 18.87

CHANGE

+ + + + + + + + + + -

4.00 3.33 2.60 2.06 1.34 0.64 0.56 0.55 0.26 0.20 4.15 3.84 3.00 2.91 1.83 1.72 1.34 1.28 1.24 1.23

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 16–29, 2021

M E TA L S , M I N I N G A N D M O N EY M A R K E T S PRODUCER AND DEALER PRICES

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 5 2021 (change from July 29, 2021 in brackets): Aluminium Alloy 1820 (0) Aluminium 1355600 (-39625) Copper 236100 (+925) Lead 58850 (-2050) Nickel 209898 (-5514) Tin 2270 (-115) Zinc 244325 (-2450)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$61.95 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.95 Cobalt: US$23.80/lb. Copper: US$4.28 Copper: CME Group Futures September 2021: US$4.28/lb.; October 2021: US$4.28/lb Iridium: NY Dealer Mid-mkt US$5,400.00/tr oz. Iron Ore 62% Fe CFR China-S: US$171.20 Lead: US$1.11/lb. Rhodium: Mid-mkt US$19,000.00 tr. oz. Ruthenium: Mid-mkt US$750.00/tr. oz. Silver: Handy & Harman Base: US$24.33 per oz.; Handy & Harman Fabricated: US$30.41 per oz. Tin: US$16.32/lb. Uranium: U3O8, Trade Tech spot price: US$32.50 per lb. U308 Zinc: US$1.35 per lb. Prices current August 9, 2021

TSX SHORT POSITIONS Short positions outstanding as of July 31, 2021 (with changes from July 15, 2021) Largest short positions Suncor Energy SU 17174040 3264633 Ivanhoe Mines IVN 15987859 -1040733 Argonaut Gold AR 13452491 73733 Lundin Mng LUN 12552000 1181027 New Gold NGD 11759845 -1354475 Nexgen Energy NXE 11641787 363467 Fortuna Silvr FVI 8947717 503465 Talon Metals TLO 8339409 6405141 Wheaton Prec WPM 8137803 204512 Yamana Gold YRI 8119508 2772363 Kinross Gold K 7906769 1407266 First Quantum FM 7735947 -168092 Barrick Gold ABX 7640940 318928 Equinox Gold EQX 7620654 213366 Fission Uran FCU 7471119 77178 Largest increase in short position Talon Metals TLO 8339409 6405141 Suncor Energy SU 17174040 3264633 Yamana Gold YRI 8119508 2772363 HudBay Min HBM 5716678 1661349 Nevada Copper NCU 2789021 1593607 Largest decrease in short position Corvus Gold KOR 542520 -3033730 New Gold NGD 11759845 -1354475 Ivanhoe Mines IVN 15987859 -1040733 Lucara Diam LUC 476461 -1016202 Capstone Mng CS 869513 -985348

TSX VENTURE SHORT POSITIONS Short positions outstanding as of July 31, 2021 (with changes from July 15, 2021) Largest short positions Rio2 Limited RIO 4190091 4120707 GR Silver GRSL 3217180 -37643 Arctic Star ADD 2657283 2248168 Purepoint Uran PTU 1922730 1629033 Uragold Bay Rs HPQ 1562146 -290529 Leeta Gold HIVE 1324386 -285928 Pure Gold Mg PGM 1236475 -1348910 Marvel Discov MARV 965957 903738 Allegiant Gold AUAU 889438 876292 Japan Gold JG 870946 13366 Klondike Silv KS 856408 702222 GFG Resources GFG 812082 -642575 Reyna Silver RSLV 792938 -59155 EnCore Energy EU 750597 135449 Southern Silvr SSV 724256 5706 Largest increase in short position Rio2 Limited RIO 4190091 4120707 Arctic Star ADD 2657283 2248168 Purepoint Uran PTU 1922730 1629033 Marvel Discov MARV 965957 903738 Allegiant Gold AUAU 889438 876292 Largest decrease in short position Kingfisher Met KFR 116134 -5499504 Saturn Mnrls SOIL 427871 -4705965 Medgold Res MED 200000 -2172000 Pure Gold Mg PGM 1236475 -1348910 Alto Ventures BRAU 113386 -1321366

7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021 7/15/2021

DAILY METAL PRICES Date Aug 6 Aug 5 Aug 4 Aug 3 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2228/2224 2228.50/2224 2229/2224 2230/2224 Aluminum 2618.50/2621.50 2583.50/2589 2575.50/2580.50 2595.50/2599.50 Copper 9529.50/9549.50 9429/9446.50 9503/9527.50 9583.50/9608.50 Lead 2362/2331 2441/2386 2469/2391 2435/2396 Nickel 19533/19550 19279/19291 19448/119456 193244/19311 Tin 36065/34771 35982/34758 36475/34678 36437/34698 Zinc 3006/3010.50 2984.50/2990 2975/2983 2970.50/2977

2230.50/2224 2635/2628.50 9737/9767 2445/2407 19725/19713 36437/34698 3043/3047.50

PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1799.45 1811.20 1812.45 Gold PM 1762.90 1800.75 1829.10 Silver 24.98 25.45 25.67 Platinum 977.00 1013.00 1055.00 Palladium 2661.00 2642.00 2664.00

1807.55 1811.45 25.41 1061.00 2681.00

1809.10 1812.65 25.46 1052.00 2678.00

Aug 2

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

Aug 06 1.2555 0.7965

Aug 05 1.2501 0.7999

Aug 04 1.2545 0.7972

Aug 03 1.2534 0.7979

Exchange rates (Quote Media, August 06, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0832 0.6773 87.8041 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5742 5.1635 59.1040 US to AUS US to EURO US to YEN 1.3595 0.8501 110.2310 US to UK Pound US to China Yuan US to India Rupee 0.7207 6.4836 74.2421

Aug 02 1.2501 0.7999

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry. Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eCobalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry. Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

Karora Resources Inc. (KRR.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry.

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share. Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share. Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share. Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share. Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share. Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals (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 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share. Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS right to purchase one common share at $4.80 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share. Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share. Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Sandfire Resources America Inc. (SFR.RT) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share. Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share. Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share. Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCK EXCHANGE INDICES C$ to Mex Peso 15.9593 C$ to Swiss Franc 0.7290 US to Mex Peso 20.0442 US to Swiss Franc 0.9149

C$ to SA Rand 11.6656 C$ to S. Korea Won 912.4238 US to SA Rand 14.6337 US to S. Korea Won 1145.9200

52-week

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

Aug 06 20475.42 925.65 1231.50 295.18 275.85

Aug 05 20375.48 922.61 1223.68 302.10 275.85

Aug 04 20329.73 924.63 1221.30 308.82 280.63

Aug 03 20365.85 928.18 1222.70 311.02 283.18

Aug 02 20287.80 925.63 1216.51 308.83 280.05

High 20506.16 1113.64 1233.19 404.57 347.67

Low 15418.46 665.14 919.76 267.29 246.09

NEW 52-WEEK HIGHS AND LOWS AUGUST 2-6, 2021 CANADIAN GOLD MUTUAL FUNDS FundName Aug 06 ($) BMO Prec Mtls Fd A 25.14 BMO ZGD 68.97 BMO ZJG 64.60 CI Pre Met Fd A 56.42 CIBC Prec Metal Fd A 14.53 Dyn Prec Metls Fd A 12.73 Harvest HGGG 27.24 Horizons HEP 29.38 IG MacGbPreMetCl A 15.15 iShares XGD 18.44 NBI PrecMetFd Invt 19.72 NPT Go&PrMinFd A 53.53 NPT SilverEquCl A 9.37 Prec Met Fd A 65.66 RBC GblPreMetFd A 57.12 RBC GblPreMetFd Adv 57.51 TD Prec Mtl Fd Inv 46.69

Jul 30 ($) 26.00 72.34 67.29 58.17 15.13 13.10 28.08 30.80 15.75 19.29 20.47 54.90 9.71 68.25 59.40 59.80 48.82

Change ($) -0.86 -3.38 -2.69 -1.75 -0.60 -0.37 -0.84 -1.42 -0.59 -0.85 -0.75 -1.37 -0.34 -2.59 -2.27 -2.29 -2.13

Change (%) -3.31 -4.67 -4.00 -3.01 -3.96 -2.84 -2.98 -4.60 -3.77 -4.43 -3.66 -2.50 -3.51 -3.79 -3.83 -3.83 -4.36

78 New Highs

YTDChange (%) -7.92 -11.79 -15.74 -3.14 -7.72 -8.50 -13.65 -7.59 -6.01 -5.83 -8.15 -11.77 -10.13

MER (%) 2.40 0.61 0.60 2.31 2.29 2.73 0.68 0.83 2.63 0.61 2.46 3.19 2.98

TotalAssets (M$) 57.12 110.07 79.27 373.73 60.84 595.72 6.70

-8.94 -8.96 -9.77

2.09 2.09 2.27

460.11 2.30 130.97

27.59 1080.61 30.08

Medaro Mining* ACME Lithium Alphamin Res * American Pac Ameriwest Lith Ameriwest Lith* Argonaut Gold Asante Gold Asante Gold* Aya Gold* Black Hills* Boreal Metals* Brunswick Expl Cadillac Vent Canstar Res* Chatham Rock* CONSOL Energy* Constantine Mt Constantine Mt* Cyntar Venture Diamcor Mng* Doubleview Gld

GLOBAL MINING NEWS · SINCE 1915

Contact: moliveira@ northernminer.com or 416-510-6768

Nickel 28 Noront Res* Optimum Vent* Orocobre Pasofino Gold Pasofino Gold* Peabody Enrgy* Phoenix Global* Probe Metals* Puma Expl Puma Expl* Quartz Mtn Res Quartz Mtn Res* Quebec Nickel Salt Lake Pot* Sigma Lithium Skeena Res* Solaris Res Sonoro Gold Sonoro Gold* SPC Nickel* Stelmine Can Syrah Res* TDG Gold

Tempus Res* Trinity Res* Ubique Mineral VVC Expl* Wealth Mnrls Wealth Mnrls* Western Mag Western Mag*

61 New Lows 55 North Alpha Lithium American Eagle Americas Silvr Americas Silvr* AngloGold Ash* Angold Res Aquila Res* Azucar Min* B2Gold Corp B2Gold Corp* Black Mountain* Brigadier Gold Brigadier Gold* Buenaventura*

Cabral Gold* Clarity Gold Denarius Silv Eldorado Gold Eldorado Gold* Fosterville Fury Gold Fury Gold* Galane Gold * Galiano Gold Galiano Gold* Gold Line Res Gold Resource* Gran Colombia Great Panther Great Panther* Hanstone Gold* Intl Tower Hil Intl Tower Hil* Kore Mining Makara Mining* Mantaro Silver* MAX Res Mayfair Gold

Mayfair Gold* Melkior Res MGX Minerals* Nickel Creek* NovaGold Res NovaGold Res* Orex Mnrls Orex Mnrls* Paramount Gold* Perpetua Res* Power Metals* Pretium Res Sierra Madre G Silvercorp Met Silvercorp Met* SPC Nickel* Talisker Res Terrax Mnrls* Tombill Mines* Wallbridge Mng* Winston Res Zacatecas Silv

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

Doubleview Gld* Emerita Res Emerita Res* Emperor Metals Encanto Potash* Engold Mines Ethos Gold* Evolving Gold Evolving Gold* Fort St James Glacier Lake* Golden Dawn Ml Golden Dawn Ml* Greenshield Ex Kaizen Discvry* Kiplin Metals* Kombat Copper* Lakewood Expl* Lynas Corp* Marvel Discov Marvel Discov* Medaro Mining Neo Lithium NevGold

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

WWW.NORTHERNMINER.COM

AUGUST 16–29, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: AUGUST 2–6, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1844 Resources 1911 Gold* 1911 Gold 55 North 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines* Abcourt Mines Aben Resources Aben Resources* Abitibi Royal Abitibi Royal* AbraSilver Res AbraSilver Res* Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Adventus Adventus* Adyton Res AEX Gold Affinity Metal* African Gold* African Gold African Metals African Min* Aftermath Silv* Agnico Eagle Agnico Eagle* AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alexandra Cap* Alexco Res Alexco Res* Alianza Min Alianza Min* Alien Metals* All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind Almonty Ind * Aloro Mining* Aloro Mining Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altaley Mining Altaley Mining* Altamira Gold* Altamira Gold Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls Altius Mnrls * Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American CuMo American Eagle American Lith* American Lith American Mang* American Mang American Pac AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Ameriwest Lith* Ameriwest Lith Amex Expl Amex Expl* Amilot Capital AmmPower* AmmPower Amseco Expl Anaconda Mng Anaconda Mng* Andean Prec Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antofagasta* Apollo Gold Apollo Gold* Appia Energy Appia Energy* Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral* Archon Mineral ArcPacific Res* ArcPacific Res Arctic Star Arctic Star* Arcturus Vent* Arcus Dev Grp* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Ares Strategic* Argentina Lith* Argentina Lith Argentum Silvr* Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold

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

291 39 235 132 309 310 707 133 207 144 438 501 133 3 2 3268 1900 12 315 573 202 112 48 1020 163 215 43 4 140 359 51 278 613 2195 3505 175 18 143 40 24 4694 17164 29063 18 17 806 529 2595 516 64 1000 42303 523 185 75 1902 1541 41 79 102 495 98 300 503 1503 2368 1124 2415 147 15 25 295 1816 104 224 570 6 233 500 16 440 82 2969 166 50 211 12 6 25 310 117 1876 94438 752 20 321 33 9 775 1052 231 632 504 2146 932 1180 650 2714 31 3981 767 597 222 18 2061 192 67 17 1895 1858 24 339 188 77 11 22 921 1116 18 181 2 28 16 961 28 0 24810 634 11 127 3 241 0 75 1 485 10 443 245 2056 427 691 40 2085 0 1 18 73 369 2294 305 59 77 155 104 13 241 3129 49 469 728 913 0 24 24 13 456 4325

0.07 0.32 0.40 0.09 0.15 0.06 0.07 0.13 0.16 0.12 0.14 0.06 0.05 23.01 18.01 0.54 0.45 0.58 1.03 0.06 0.04 0.02 0.06 0.96 0.80 0.11 0.56 0.12 0.11 0.14 0.13 0.01 0.41 82.00 65.40 0.00 0.20 0.26 0.45 0.30 10.79 8.62 41.65 0.55 0.68 0.37 2.81 2.23 0.11 0.08 0.01 0.00 0.39 0.30 1.04 8.20 0.45 0.58 0.21 0.26 1.08 0.86 0.05 0.06 0.72 0.57 0.73 0.84 0.08 0.05 0.12 0.16 0.78 0.61 0.29 0.37 0.03 0.16 0.30 0.22 17.40 14.50 0.40 0.31 0.01 0.03 1.10 0.86 5.10 0.07 0.06 0.06 0.00 0.13 0.10 0.30 0.27 0.02 0.18 0.22 0.04 0.06 0.17 1.47 1.71 1.01 1.16 0.97 0.04 1.40 1.75 1.33 1.12 0.92 1.20 2.35 1.92 0.05 0.64 0.77 0.08 0.82 0.69 1.39 0.01 0.00 0.11 0.13 0.02 0.03 0.05 0.06 49.22 24.04 2.53 17.18 20.82 0.27 0.80 1.00 0.03 0.05 0.00 0.11 21.03 0.96 0.75 0.85 0.63 0.02 0.07 0.07 2.15 68.35 0.00 0.18 0.29 0.05 0.08 0.10 0.07 0.02 0.02 0.03 0.09 0.07 0.15 0.19 0.62 0.50 0.17 0.20 0.00 0.21 0.16 0.12 2.83 3.45

0.07 0.27 0.34 0.00 0.14 0.05 0.06 0.10 0.12 0.10 0.13 0.05 0.04 0.00 0.00 0.42 0.34 0.52 0.85 0.05 0.04 0.01 0.00 0.88 0.71 0.09 0.53 0.08 0.09 0.12 0.10 0.00 0.36 74.89 59.70 0.00 0.00 0.23 0.39 0.22 9.46 7.54 38.00 0.50 0.62 0.27 2.53 2.01 0.10 0.08 0.01 0.00 0.35 0.26 0.00 7.55 0.41 0.00 0.17 0.25 0.96 0.70 0.04 0.05 0.49 0.55 0.60 0.76 0.00 0.05 0.10 0.13 0.51 0.41 0.24 0.30 0.02 0.15 0.26 0.21 16.40 13.14 0.33 0.24 0.01 0.00 1.00 0.00 4.90 0.07 0.00 0.04 0.00 0.11 0.09 0.29 0.23 0.00 0.15 0.19 0.04 0.05 0.13 1.21 1.56 0.84 1.08 0.73 0.00 1.27 1.60 1.22 0.97 0.68 0.86 2.19 1.76 0.05 0.51 0.65 0.07 0.71 0.57 1.25 0.00 0.00 0.08 0.10 0.02 0.00 0.04 0.06 0.00 22.80 2.46 0.00 16.04 0.24 0.76 0.92 0.00 0.00 0.00 0.10 0.00 0.88 0.00 0.65 0.53 0.02 0.05 0.07 1.90 63.84 0.00 0.18 0.29 0.00 0.07 0.07 0.06 0.01 0.02 0.03 0.00 0.06 0.13 0.16 0.61 0.47 0.12 0.15 0.00 0.00 0.00 0.00 2.28 2.87

0.07 unch 0.27 0.37 0.09 unch 0.15 + 0.05 0.06 0.10 0.13 0.10 0.13 0.06 unch 0.05 22.75 + 17.98 0.45 0.35 0.52 0.98 + 0.06 + 0.04 0.02 unch 0.05 0.90 0.73 0.09 0.53 0.12 0.11 + 0.13 + 0.13 0.00 0.36 76.00 60.53 0.00 unch 0.18 0.24 0.41 + 0.30 + 9.66 7.69 40.71 + 0.52 0.62 0.31 2.55 2.02 0.11 + 0.08 0.01 unch 0.00 0.36 0.29 0.80 7.85 0.43 0.55 0.21 + 0.26 + 0.96 0.76 0.04 + 0.06 + 0.59 0.56 unch 0.63 0.80 0.07 0.05 + 0.11 0.13 0.53 0.45 0.25 0.31 0.03 + 0.15 0.26 unch 0.22 + 16.73 13.21 0.37 + 0.30 + 0.01 unch 0.03 unch 1.00 0.81 + 5.05 + 0.07 unch 0.06 0.05 0.00 0.13 + 0.10 + 0.29 0.23 0.02 + 0.16 0.21 + 0.04 + 0.05 unch 0.15 unch 1.33 1.69 + 0.86 1.08 0.84 + 0.04 + 1.32 1.65 1.25 1.01 0.92 + 1.18 + 2.19 1.76 0.05 0.57 0.72 0.07 + 0.72 0.57 1.35 0.01 0.00 unch 0.09 0.11 0.02 0.03 unch 0.04 0.06 unch 44.75 22.89 + 2.50 16.43 16.21 0.24 0.76 0.96 + 0.03 + 0.04 unch 0.13 unch 0.10 21.00 + 0.90 0.73 0.69 0.56 0.02 0.05 0.07 unch 1.95 66.27 + 0.75 unch 0.18 unch 0.29 unch 0.05 0.07 0.09 + 0.07 0.01 0.02 unch 0.03 unch 0.09 + 0.07 + 0.14 + 0.17 + 0.62 unch 0.50 unch 0.13 0.16 0.15 unch 0.21 0.15 0.12 + 2.36 2.97 -

0.00 0.08 0.05 0.04 0.90 0.25 0.02 0.98 0.32 0.00 0.23 0.06 0.01 0.19 0.08 0.00 0.11 0.02 0.01 0.11 0.03 0.01 0.19 0.08 0.01 0.25 0.10 0.00 0.18 0.09 0.01 0.24 0.12 0.00 0.16 0.05 0.00 0.12 0.04 0.08 26.75 20.50 0.02 20.82 15.34 0.08 0.82 0.26 0.06 0.68 0.19 0.05 3.00 0.52 0.01 1.03 0.31 0.01 0.13 0.05 0.00 0.10 0.04 0.00 0.04 0.01 0.01 0.17 0.05 0.05 1.42 0.80 0.03 1.06 0.62 0.02 0.40 0.08 0.01 1.00 0.44 0.00 0.37 0.08 0.01 0.24 0.01 0.01 0.31 0.11 0.01 0.18 0.06 0.00 0.02 0.00 0.02 1.37 0.29 4.71 117.35 69.14 4.15 89.23 54.66 0.00 0.13 0.00 0.02 0.53 0.16 0.02 0.67 0.19 0.00 0.79 0.39 0.02 0.45 0.15 0.48 14.87 8.89 0.43 11.22 7.02 0.56 44.42 10.98 0.03 0.70 0.24 0.06 0.74 0.32 0.01 1.45 0.13 0.18 4.57 2.53 0.20 3.50 1.99 0.01 0.25 0.09 0.00 0.19 0.07 0.00 0.04 0.00 0.00 0.02 0.00 0.01 0.71 0.23 0.01 0.56 0.18 0.24 1.15 0.13 0.09 8.39 2.63 0.01 1.24 0.40 0.01 1.60 0.50 0.01 0.29 0.14 0.01 0.36 0.20 0.04 1.30 0.58 0.04 1.07 0.40 0.00 0.19 0.01 0.01 0.12 0.04 0.11 1.16 0.52 0.00 0.90 0.36 0.04 0.73 0.12 0.04 0.87 0.17 0.01 0.14 0.06 0.00 0.11 0.05 0.01 0.13 0.02 0.02 0.19 0.01 0.24 0.80 0.15 0.16 0.79 0.12 0.04 0.42 0.07 0.06 0.47 0.10 0.01 0.05 0.01 0.01 0.22 0.08 0.00 0.50 0.15 0.01 0.36 0.10 0.37 19.39 9.63 0.43 16.00 7.16 0.04 0.42 0.09 0.03 0.32 0.08 0.00 0.50 0.00 0.00 0.05 0.01 0.10 1.66 0.83 0.02 21.22 0.45 0.11 5.97 3.83 0.00 0.13 0.05 0.00 0.10 0.03 0.01 0.09 0.03 0.00 0.05 0.00 0.01 0.20 0.04 0.01 0.16 0.03 0.01 0.38 0.25 0.01 0.30 0.19 0.00 0.08 0.01 0.00 0.38 0.15 0.01 0.50 0.19 0.00 0.08 0.02 0.00 0.10 0.03 0.00 0.40 0.14 0.01 3.32 0.60 0.01 4.21 0.81 0.07 2.25 0.13 0.07 2.86 0.18 0.04 0.97 0.13 0.00 0.06 0.01 0.04 3.90 1.27 0.05 5.12 1.60 0.02 1.61 0.49 0.01 1.35 0.37 0.24 0.88 0.64 0.32 1.14 0.13 0.12 4.19 2.19 0.11 3.26 1.73 0.01 0.08 0.04 0.01 1.90 0.51 0.01 2.15 0.30 0.01 0.12 0.02 0.09 1.05 0.45 0.07 0.85 0.34 0.01 2.03 1.18 0.00 0.02 0.00 0.00 0.07 0.00 0.02 0.16 0.03 0.02 0.20 0.05 0.00 0.05 0.01 0.00 0.07 0.02 0.01 0.08 0.03 0.00 0.10 0.05 0.25 49.42 22.94 0.60 24.75 11.47 0.02 2.90 1.75 1.57 28.70 18.00 3.84 33.74 18.18 0.02 0.53 0.24 0.01 1.25 0.43 0.04 1.51 0.54 0.00 0.07 0.03 0.00 0.09 0.04 0.00 0.55 0.13 0.01 0.43 0.10 0.70 27.80 13.03 0.02 1.27 0.38 0.01 0.91 0.33 0.09 1.22 0.20 0.06 1.00 0.15 0.00 0.14 0.01 0.00 0.14 0.05 0.00 0.18 0.07 0.09 2.63 1.46 0.55 69.28 27.86 0.00 0.75 0.08 0.00 0.26 0.15 0.00 0.40 0.11 0.02 0.52 0.05 0.01 0.25 0.07 0.01 0.29 0.03 0.01 0.24 0.02 0.00 0.13 0.00 0.00 0.03 0.01 0.00 0.04 0.02 0.01 0.20 0.07 0.00 0.15 0.05 0.00 0.21 0.01 0.01 0.27 0.02 0.00 0.82 0.09 0.00 0.69 0.06 0.02 0.26 0.04 0.03 0.33 0.06 0.00 0.27 0.13 0.01 0.35 0.15 0.02 0.30 0.04 0.00 0.22 0.10 0.32 2.91 1.50 0.39 3.45 1.90

(100s) Stock

Exc Volume

Week Low

0.00 0.00 unch 0.30 0.33 + 0.24 0.26 + 1.86 2.00 + 0.07 0.09 + 0.09 0.11 + 4.27 4.35 3.46 3.55 0.00 0.16 0.21 0.21 0.00 0.65 unch 4.42 4.53 5.53 5.71 0.00 0.53 + 0.39 0.72 + 0.13 0.14 0.18 0.18 unch 0.90 0.91 1.12 1.14 0.00 0.24 unch 0.00 0.09 unch 0.00 0.04 + 0.05 0.05 unch 0.11 0.11 + 0.14 0.15 + 0.02 0.03 + 5.20 5.25 0.16 0.19 + 0.19 0.21 0.08 0.09 + 0.43 0.44 + 0.54 0.55 unch 0.00 0.00 unch 0.18 0.18 unch 0.18 0.20 1.51 1.59 1.25 1.26 0.20 0.20 unch 15.59 15.60 11.84 13.15 2.03 2.03 2.55 2.58 0.78 0.82 0.62 0.66 0.19 0.20 0.00 0.16 unch 0.36 0.37 0.30 0.30 0.61 0.66 0.79 0.83 0.00 0.07 unch 0.12 0.12 unch 0.14 0.15 0.75 0.80 unch 0.11 0.16 + 0.01 0.02 0.09 0.09 unch 0.00 0.10 0.12 0.13 + 0.56 0.60 0.70 0.76 0.10 0.11 + 0.13 0.15 + 0.00 0.04 unch 0.10 0.11 + 0.13 0.13 0.98 1.03 1.23 1.26 0.08 0.08 0.00 0.07 unch 0.06 0.06 0.06 0.06 0.06 0.06 unch 8.00 8.77 + 0.00 0.08 unch 0.11 0.11 0.31 0.32 0.24 0.26 2.08 2.11 1.66 1.66 0.04 0.04 0.05 0.05 0.29 0.31 0.22 0.24 0.00 0.00 + 0.10 0.10 0.07 0.07 -

Arian Res* Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Ascendant Res* Ascendant Res Ascot Res * Ascot Res AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Aton Resources* Aton Resources Augusta Gold Augusta Gold* AUQ Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res* Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc Axmin Inc* Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

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

25 180 177 127 85 483 381 52 282 170 12 33 505 2 2914 51 214 740 435 0 0 56 63 110 178 5098 7 11 70 160 113 123 2 33 35 134 21 16 156 2 48 131 928 940 149 0 100 10 115 323 8 4 95 8 46 288 15 56 102 55 384 512 1016 0 79 62 2000 165 37 0 473 99 50 33 2 6 5487 183 223 21 642 2448 271 257 3631 82 87

0.00 0.33 0.26 2.08 0.09 0.11 4.95 3.92 0.18 0.22 0.65 5.15 6.35 0.53 0.76 0.14 0.19 1.06 1.23 0.00 0.00 0.04 0.05 0.12 0.16 0.03 5.59 0.19 0.23 0.09 0.48 0.58 0.00 0.18 0.22 1.77 1.35 0.20 16.54 13.90 2.41 2.98 0.90 0.71 0.20 0.00 0.42 0.36 0.74 0.90 0.07 0.12 0.16 0.90 0.16 0.02 0.09 0.10 0.13 0.75 0.83 0.13 0.15 0.00 0.11 0.14 1.09 1.34 0.09 0.00 0.06 0.07 0.06 9.18 0.09 0.12 0.39 0.30 2.20 1.77 0.05 0.06 0.36 0.29 0.01 0.11 0.09

B2Gold Corp* B2Gold Corp Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barker Min* Barksdale Res* Barksdale Res Baroyeca Gold* Baroyeca Gold Barrick Gold* Barrick Gold Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly * BC Moly BCM Res* BCM Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper* Bell Copper Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Mountain* Black Tusk Res Black Tusk Res* Blackrock Silv Blackrock Silv* Blackwolf Cop Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon* Blue Moon Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold

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

30211 13488 206 91 260 3042 2781 2107 645 27 26 275 809 117 63 80921 15462 1 588 399 158 192 129 58 70 81 6 654 420 0 1 23 524 314 216 33 107 39 252 31 447 0 351 4644 2292 68 442 87 238 23 0 88 234 29 115 77 147 756 1101 1543 159 1005 18 38 91 20 1092 19 628 857 127 52 166 2128 477 425 5 169 1017 961 382 637 46 620 173 307 400 106 22 533

4.26 5.35 0.20 0.05 0.18 0.16 0.14 0.13 0.30 0.24 0.02 0.33 0.41 0.21 0.29 22.30 27.97 0.47 0.63 0.08 0.07 0.45 0.50 0.12 0.09 0.13 0.72 0.15 0.18 0.00 0.00 0.10 0.15 1.55 1.23 0.25 0.18 0.15 0.17 0.15 0.20 0.00 0.06 0.51 0.42 0.28 0.37 0.96 1.20 0.42 0.00 0.17 0.22 0.63 0.76 0.07 0.16 0.13 0.16 71.56 0.34 0.43 0.16 0.21 0.51 0.40 0.03 0.03 0.97 0.80 1.01 1.00 0.12 0.01 0.66 0.55 0.04 0.05 0.02 0.02 0.14 0.18 0.71 0.06 0.07 0.10 0.15 1.64 1.27 0.19

Last

12-month

High

Change

Stock

0.00 0.02 0.01 0.04 0.01 0.01 0.54 0.36 0.01 0.01 0.00 0.43 0.54 0.22 0.33 0.00 0.00 0.08 0.08 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.15 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.08 0.10 0.00 0.80 0.15 0.25 0.26 0.02 0.01 0.01 0.00 0.05 0.04 0.03 0.01 0.00 0.00 0.01 0.00 0.04 0.00 0.00 0.00 0.01 0.07 0.03 0.00 0.01 0.00 0.01 0.01 0.04 0.06 0.01 0.00 0.01 0.01 0.00 0.54 0.00 0.01 0.03 0.02 0.07 0.11 0.00 0.01 0.01 0.00 0.00 0.01 0.01

0.40 0.60 0.50 3.29 0.14 0.18 5.55 4.53 0.33 0.41 0.97 5.96 7.64 0.36 0.76 0.55 0.34 1.33 1.63 0.64 0.09 0.06 0.08 0.30 0.40 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.08 0.40 0.45 3.60 2.79 0.44 18.30 18.11 4.31 5.75 1.25 0.99 0.33 0.25 1.35 0.51 1.28 1.68 0.10 0.14 0.22 1.00 1.00 0.04 0.13 0.69 0.38 1.22 0.89 0.25 0.36 0.05 0.40 0.42 2.82 3.60 0.20 0.16 0.21 0.15 0.10 9.18 0.12 0.17 0.39 0.31 2.49 1.98 0.14 0.18 0.70 0.53 0.05 0.25 0.18

0.00 0.13 0.10 1.85 0.07 0.09 0.55 0.46 0.13 0.17 0.55 3.20 4.21 0.05 0.07 0.06 0.08 0.67 0.84 0.17 0.02 0.03 0.04 0.10 0.13 0.00 2.50 0.08 0.11 0.03 0.29 0.39 0.00 0.00 0.18 0.96 0.66 0.18 11.30 8.73 1.78 2.22 0.62 0.49 0.04 0.03 0.37 0.30 0.43 0.78 0.03 0.12 0.04 0.16 0.01 0.01 0.08 0.05 0.12 0.00 0.10 0.09 0.06 0.02 0.10 0.12 0.86 1.14 0.06 0.06 0.05 0.05 0.04 1.60 0.04 0.06 0.16 0.11 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.10 0.07

BMEX Gold* Bold Ventures* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals* Boreal Metals Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold* Bravada Gold Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals* Brixton Metals Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buccaneer Gold Buenaventura* Buffalo Coal * Buffalo Coal Bullet Explor Bullion Gold* Bunker Hill Burrell Res Bushveld Min* BWR Explor

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

0.32 0.37 0.01 0.00 0.05 0.03 0.02 0.00 0.02 0.03 0.01 0.02 0.03 0.01 0.00 0.97 1.02 0.04 0.03 0.01 0.00 0.01 0.01 0.02 0.01 0.02 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.10 0.12 0.00 0.01 0.01 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.02 0.03 0.02 0.04 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.01 0.03 0.04 2.60 0.03 0.03 0.00 0.00 0.09 0.03 0.01 0.00 0.06 0.07 0.01 0.05 0.01 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.02 0.02 0.05

7.55 9.99 0.20 0.16 0.44 0.71 1.12 0.19 0.39 0.90 0.11 0.57 0.70 0.31 0.42 31.22 41.09 0.66 0.82 0.22 0.17 1.15 1.19 0.16 0.13 0.26 0.90 0.25 0.26 0.04 0.09 0.22 0.30 3.66 2.75 0.60 0.34 0.25 0.44 0.32 0.45 0.15 0.11 1.44 1.10 0.41 0.57 1.36 1.64 0.48 0.52 0.37 0.25 1.10 1.40 0.10 0.26 0.19 0.25 71.34 0.62 0.76 0.19 0.26 0.75 0.42 0.10 0.08 1.56 1.19 1.51 1.75 0.27 0.05 0.98 0.80 0.08 0.09 0.03 0.02 0.26 0.33 1.40 0.15 0.26 0.40 0.20 2.40 1.84 1.05

3.84 4.90 0.13 0.05 0.06 0.08 0.06 0.02 0.17 0.10 0.00 0.30 0.36 0.12 0.11 18.64 23.63 0.34 0.45 0.06 0.05 0.23 0.30 0.09 0.06 0.10 0.50 0.06 0.08 0.04 0.04 0.04 0.05 1.24 0.99 0.10 0.10 0.06 0.10 0.12 0.15 0.00 0.05 0.41 0.33 0.20 0.32 0.62 0.83 0.37 0.18 0.10 0.14 0.38 0.40 0.04 0.04 0.04 0.05 51.97 0.08 0.10 0.05 0.05 0.35 0.37 0.02 0.02 0.62 0.49 0.75 0.00 0.07 0.00 0.47 0.37 0.01 0.03 0.01 0.00 0.06 0.09 0.55 0.04 0.06 0.08 0.11 1.50 1.20 0.14

C2C Gold* C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor* Cadillac Vent* Cadillac Vent Caledonia Mng* Calibre Mng* Calibre Mng Califfi Cap California Gld California Gld* Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One* Canada One Canada Rare Canada Rare* Canada Silver* Canada Silver Canadian Metal* Canadian Metal Canadian Prem Canadian Prem* Canadian Silv Canagold Res* Canagold Res CanAlaska Uran* CanAlaska Uran Canamex Gold* Canasil Res Candelaria Mg Candelaria Mg* Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng* CaNickel Mng Canoe Mng Vent Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev Cantex Mn Dev* Canuc Res Canuc Res* Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining Cdn Goldcamps Cdn Goldcamps* CDN Maverick* Cdn Palladium Cdn Palladium* CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Century Cobalt* Century Global* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock* Chesapeake Gld Chesapeake Gld* Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Churchill Res Cirrus Gold Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleghorn Min* Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals CMC Metals* CNRP Mng

B 3.79 3.87 4.76 4.86 0.15 0.15 0.05 0.05 unch 0.10 0.10 0.11 0.15 + 0.09 0.12 + 0.11 0.11 0.27 0.28 0.21 0.21 0.00 0.00 0.00 0.31 0.38 0.38 0.00 0.19 + 0.22 0.23 unch 20.35 20.80 25.55 26.14 0.00 0.45 0.58 0.60 0.07 0.08 + 0.06 0.06 + 0.37 0.38 0.47 0.48 0.10 0.12 + 0.08 0.09 + 0.11 0.11 0.00 0.72 unch 0.11 0.14 + 0.16 0.17 + 0.00 0.04 unch 0.00 0.08 unch 0.09 0.09 0.11 0.13 unch 1.33 1.44 1.06 1.11 0.25 0.25 unch 0.17 0.18 + 0.13 0.15 + 0.14 0.16 unch 0.00 0.14 0.16 0.17 0.00 0.00 unch 0.05 0.06 + 0.41 0.47 unch 0.36 0.37 0.28 0.28 0.34 0.35 0.84 0.92 1.07 1.16 0.00 0.40 0.00 0.31 unch 0.15 0.15 0.20 0.20 0.55 0.60 + 0.70 0.70 0.06 0.07 + 0.12 0.15 0.09 0.12 + 0.11 0.15 + 67.70 70.25 + 0.30 0.30 0.37 0.38 0.16 0.16 unch 0.16 0.16 unch 0.00 0.49 + 0.37 0.39 + 0.02 0.03 0.02 0.02 0.83 0.86 0.66 0.68 0.00 0.95 + 0.00 0.76 + 0.10 0.10 0.01 0.01 0.61 0.62 unch 0.48 0.50 0.00 0.04 + 0.05 0.05 unch 0.02 0.02 unch 0.02 0.02 unch 0.12 0.14 + 0.16 0.17 0.67 0.70 unch 0.05 0.05 unch 0.06 0.07 + 0.08 0.10 + 0.14 0.14 + 1.52 1.54 1.22 1.23 0.14 0.14 -

(100s)

High Low

Exc Volume

Week High

Low

Last

10 7 250 5 9 5771 1921 80 12 77 20768 4 79 621 122 337 599 6 40216 181 315 368 799 634 764 269 70 25 91 202 3691 3 186 13 1 378 170 46 242

0.13 0.07 0.11 0.31 0.38 0.01 0.07 1.39 0.23 0.30 0.00 0.02 0.04 0.06 0.07 0.08 0.10 0.18 0.01 0.06 0.08 0.09 0.02 0.15 0.19 0.29 0.02 0.09 0.12 0.06 8.59 0.02 0.03 0.13 0.08 0.25 0.24 0.20 0.03

0.13 0.06 0.09 0.29 0.00 0.01 0.05 1.28 0.20 0.26 0.00 0.02 0.03 0.04 0.00 0.06 0.09 0.12 0.01 0.05 0.07 0.07 0.01 0.14 0.17 0.25 0.02 0.09 0.12 0.00 7.54 0.02 0.00 0.13 0.07 0.20 0.20 0.17 0.03

0.13 0.07 0.09 0.29 0.37 0.01 0.06 1.31 0.22 0.29 0.00 0.02 0.03 0.05 0.06 0.07 0.10 0.12 0.01 0.06 0.08 0.08 0.02 0.14 0.18 0.26 0.02 0.09 0.12 0.05 7.64 0.02 0.03 0.13 0.07 0.25 0.24 0.20 0.03

O 47 O 93 V 960 O 110 V 917 O 91 O 0 V 53 X 155 O 534 T 2198 V 48 C 62 O 14 O 54 V 83 N 14687 T 4645 V 160 O 18 O 18 V 103 O 1 V 405 O 141 O 2 V 150 V 273 O 250 O 303 V 623 O 4 C 444 V 8 O 0 V 50 O 240 T 651 O 446 V 685 O 71 V 154 V 301 O 9 T 452 O 20 V 285 O 20 V 22 O 40 V 78 V 41 O 107 V 541 O 129 V 116 V 130 O 9 V 883 O 200 O 10 V 392 V 112 O 70 T 4153 O 1 V 410 V 27 V 8 O 124 C 647 C 802 O 66 V 271 V 181 O 0 C 764 V 430 V 248 V 139 C 720 O 20 C 51 C 186 O 2 O 8 C 862 O 256 O 376 T 144 O 43 T 4092 V 118 O 3 V 75 O 2567 O 6 T 12 V 312 O 4 C 264 O 0 C 2 O 672 V 964 V 1219 O 296 O 13 O 1 V 1 O 72 T 3279 V 1358 O 1 V 46 O 47 N 42016 V 205 O 15 V 615 O 170 T 178 V 412 C 51 O 107 C 472 C 67 V 743 O 12 V 2003 O 5 N 108357 V 113 O 66 V 1 V 829 O 467 C 445

0.30 0.12 0.18 0.44 0.55 0.04 0.00 0.07 12.90 1.41 1.66 0.15 0.14 0.11 3.24 3.96 18.42 22.33 0.15 0.14 0.07 0.13 0.10 3.41 2.80 0.05 0.07 0.09 0.07 0.30 0.36 0.00 0.25 0.48 0.00 0.06 0.54 0.68 0.41 0.50 0.02 0.12 0.62 0.44 0.13 0.06 0.08 0.09 0.12 0.17 0.15 0.17 0.51 0.61 0.27 0.32 0.50 0.40 0.23 0.20 0.08 0.10 0.31 0.25 5.74 0.05 0.07 0.06 0.04 0.07 0.03 0.15 0.21 0.27 0.21 0.21 0.05 0.03 0.45 0.02 0.04 0.04 0.44 0.05 0.04 0.19 0.13 0.10 0.04 1.89 0.02 10.38 0.18 0.13 0.05 0.03 0.23 0.28 1.56 0.23 0.29 0.00 0.00 0.14 0.18 0.45 0.38 5.70 0.07 0.00 5.50 7.10 0.18 0.14 4.20 3.37 103.98 0.27 0.18 0.17 0.13 3.45 0.34 0.12 0.60 0.70 0.40 0.32 0.21 0.11 0.08 25.20 0.16 0.20 0.07 0.12 0.10 0.29

12-month Change

Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Collective Mg* Colombia Crest* Colombia Crest Colonial Coal Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold* Compass Gold Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Conquest Res Conquest Res * Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca* Cornerstone Ca Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold Crest Resource Crest Resource* Crestview Expl Critical Elem Critical Elem* Cross River Cross River* Crown Mining Crown Mining* Cruz Battery* Cruz Battery CTGX Mining* Currie Rose Rs* Currie Rose Rs CWN M’g Acq Cyntar Venture Cyon Explor Cypress Dev* Cypress Dev

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

72 112 18876 159 102 6 75 90 146 156 10 85 32 9 82 16 2449 120 79 6 67 140 119 89 50 158 688 121 2011 13985 667 5546 67 60 87 41 13 294 264 276 608 3124 491 153 248 32 20 818 9 78 112 142 265 976 917 913 36 178 671 198 289 35 103 58 199 717 5 0 22 6 42 542 1162 1623

0.05 0.06 7.52 0.09 0.12 2.95 0.11 0.15 0.88 0.19 0.15 0.24 0.19 0.15 0.19 0.00 3.24 0.10 0.08 0.64 0.83 0.18 0.22 0.12 0.08 1.70 1.98 0.17 22.54 12.44 0.43 0.55 0.07 0.09 0.08 0.99 0.75 0.35 0.45 0.04 3.10 3.76 0.08 0.50 0.40 0.63 0.77 0.09 3.22 4.13 0.39 0.48 0.15 3.26 4.08 0.14 0.12 0.40 1.23 1.04 0.20 0.17 0.19 0.15 0.08 0.10 0.01 0.00 0.04 0.07 0.99 0.09 1.14 1.42

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res Deep-South Res* DeepRock Min Defense Metals* Defense Metals Defiance Silvr* Defiance Silvr Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng* Diamcor Mng Diamond Disc* Diamond Fields* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Metal* District Metal District Mines Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources* DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains East Africa East Africa * Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl* Edgewater Expl Edison Cobalt* Edison Cobalt EEE Explor El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Eloro Res Eloro Res* Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Eminent Gold* Emperor Metals

371 O 422 V 4 O 608 V 124 O 265 V 263 O 1026 V 476 O 230 C 567 O 1280 V 1128 O 819 V 85 V 360 V 8446 T X 16257 33 O 143 V 205 V 19 O 240 O 402 V 3594 O 61 O 123 V 436 V 62 O 616 V O 139666 1226 V 674 O 45 V 27 V 136 O 458 V 45 V 1014 O 185 O 42 V 446 O 128 O 558 O 978 V 49 V V 13457 6076 O 673 N 2450 T 21 O 355 V 25 O 303 V 105 T 3 O 1 O 2 O 49 V 71 O 449 V 241 O 701 V 74 O 257 C 59 O 60 V 622 V 185 V 250 O 8 O 58 T 61 V 44 O 116 C 40 O 740 C 10 O 21 V 28 O 985 V 130 C 1066 O 5 O 12 V 187 V 64 O 9742 N 3088 T 93 O 917 V 391 O 1737 V 529 O 55 V 30 O 5011 V 506 O 835 V 248 O 46 V 3 O 18 C

0.06 0.07 0.06 0.07 0.35 0.05 0.04 0.05 0.04 0.08 0.20 0.24 0.59 0.71 0.08 0.49 1.42 1.12 0.12 0.16 4.55 0.05 0.28 0.35 0.00 0.19 0.24 0.08 0.08 0.09 0.01 2.00 1.65 0.10 0.20 0.33 0.32 0.25 0.01 0.00 0.26 0.01 0.07 0.53 0.65 0.89 1.18 1.22 10.98 8.08 0.05 0.07 0.09 0.12 2.71 2.13 0.82 0.91 0.21 0.17 0.12 1.51 1.90 1.09 1.35 0.10 0.16 0.18 0.32 0.22 0.26 0.33 0.09 0.08 0.10 0.07 0.16 0.16 0.20 0.90 0.14 0.23 0.01 0.05 0.04 0.07 0.06 9.57 12.02 0.43 4.90 4.10 1.32 1.08 0.82 0.64 2.16 1.72 0.06 0.05 0.89 0.60 0.29

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

0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.06 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.03 0.62 0.00 0.01 0.00 0.00 0.01 0.04 0.04 0.00

0.65 0.11 0.16 0.53 0.70 0.04 0.36 1.62 0.23 0.42 0.01 0.07 0.09 0.19 0.25 0.13 0.17 0.55 0.10 0.35 0.48 0.13 0.04 0.42 0.57 0.29 0.03 0.19 0.27 0.14 14.32 0.03 0.04 0.45 0.19 0.70 0.53 0.60 0.08

0.13 0.03 0.04 0.06 0.09 0.00 0.05 0.79 0.13 0.20 0.00 0.02 0.03 0.04 0.06 0.05 0.07 0.05 0.00 0.05 0.07 0.01 0.00 0.12 0.16 0.11 0.01 0.08 0.11 0.05 7.70 0.00 0.01 0.13 0.06 0.21 0.20 0.01 0.02

0.28 0.11 0.17 0.38 0.48 0.04 + 0.03 unch 0.06 unch 11.94 1.25 + 1.58 + 0.15 unch 0.12 0.10 + 2.80 3.54 17.25 21.66 0.15 0.12 0.07 + 0.13 0.10 3.18 2.55 0.05 unch 0.07 + 0.08 + 0.07 + 0.26 0.32 0.00 0.22 0.47 0.29 unch 0.06 unch 0.45 0.56 0.34 0.43 0.02 0.12 unch 0.55 0.44 + 0.12 0.06 + 0.08 + 0.09 + 0.11 unch 0.17 unch 0.15 0.15 unch 0.39 0.50 0.26 + 0.32 + 0.49 0.40 + 0.19 0.16 + 0.08 + 0.10 + 0.29 unch 0.23 + 5.30 0.05 0.07 unch 0.06 0.04 unch 0.06 0.03 0.14 0.20 0.25 0.20 unch 0.21 unch 0.04 0.03 unch 0.42 0.02 + 0.03 unch 0.03 + 0.40 0.05 + 0.04 unch 0.19 unch 0.12 unch 0.10 0.03 1.76 0.02 9.39 0.17 unch 0.13 0.05 unch 0.03 0.23 + 0.23 1.41 0.23 + 0.29 unch 0.01 unch 0.02 unch 0.12 + 0.15 + 0.40 0.31 5.21 0.07 unch 0.09 unch 4.94 6.22 0.16 + 0.14 + 4.16 + 3.37 + 101.95 + 0.24 0.18 unch 0.14 0.12 3.13 0.31 + 0.12 unch 0.43 0.57 0.40 unch 0.25 0.21 0.11 + 0.08 unch 24.02 0.13 unch 0.17 0.07 unch 0.11 0.08 0.27 -

0.01 0.01 0.01 0.02 0.02 0.01 0.00 0.00 0.77 0.03 0.07 0.00 0.01 0.01 0.25 0.31 0.55 0.53 0.02 0.01 0.02 0.01 0.00 0.19 0.15 0.00 0.01 0.01 0.01 0.02 0.04 0.18 0.01 0.01 0.00 0.00 0.07 0.04 0.06 0.07 0.01 0.00 0.05 0.05 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.09 0.09 0.03 0.06 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.02 0.29 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.02 0.00 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.03 0.01 0.00 0.00 0.00 0.00 0.01 0.08 0.01 0.64 0.00 0.01 0.00 0.00 0.05 0.05 0.02 0.01 0.00 0.00 0.00 0.02 0.01 0.03 0.04 0.19 0.00 0.00 0.60 0.67 0.01 0.04 0.16 0.11 0.14 0.01 0.00 0.01 0.00 0.02 0.02 0.00 0.12 0.12 0.00 0.01 0.02 0.01 0.00 0.98 0.00 0.00 0.00 0.01 0.01 0.01

0.48 0.16 0.20 0.70 0.88 2.08 0.04 0.17 25.88 2.40 2.80 0.21 0.23 0.17 5.26 6.50 21.95 26.62 0.30 0.22 0.10 0.35 0.26 4.54 3.68 0.09 0.12 0.22 0.18 0.60 0.77 0.30 0.45 0.48 0.31 0.13 0.78 0.95 0.68 0.84 0.07 0.26 0.68 0.52 0.27 0.07 0.09 0.23 0.29 0.22 0.31 0.24 0.51 0.61 0.37 0.50 1.52 1.17 0.40 0.32 0.10 0.12 0.50 2.00 6.64 0.09 0.11 0.09 0.07 0.30 0.08 0.19 0.31 0.37 0.35 0.27 0.20 0.05 1.20 0.04 0.10 0.15 0.50 0.55 0.35 1.00 0.19 0.16 0.15 4.04 0.10 19.59 0.43 0.34 0.10 0.15 0.34 0.40 1.76 0.35 0.49 0.05 0.06 0.49 0.62 0.80 0.61 7.21 0.12 0.18 5.82 7.24 0.20 0.14 7.61 5.75 113.11 0.46 0.36 0.55 0.40 4.47 0.35 0.12 1.48 1.82 1.11 0.49 0.39 0.15 0.08 25.83 0.20 0.35 0.07 0.27 0.21 0.82

0.05 0.03 0.05 0.19 0.26 0.01 0.01 0.05 11.47 0.92 1.36 0.15 0.09 0.07 1.65 2.09 9.01 11.84 0.09 0.07 0.01 0.12 0.00 1.52 1.03 0.03 0.04 0.05 0.03 0.25 0.32 0.00 0.06 0.14 0.12 0.05 0.31 0.10 0.13 0.18 0.01 0.09 0.40 0.30 0.08 0.02 0.04 0.08 0.10 0.06 0.08 0.13 0.09 0.10 0.12 0.15 0.46 0.38 0.12 0.11 0.04 0.06 0.21 0.11 1.10 0.02 0.04 0.06 0.03 0.06 0.02 0.07 0.14 0.22 0.08 0.06 0.03 0.03 0.40 0.01 0.02 0.00 0.10 0.04 0.04 0.07 0.10 0.07 0.01 1.72 0.01 8.21 0.16 0.13 0.04 0.01 0.07 0.08 0.93 0.19 0.23 0.00 0.02 0.08 0.09 0.28 0.22 0.71 0.05 0.08 1.90 2.45 0.06 0.04 3.77 2.99 65.16 0.12 0.09 0.08 0.09 1.22 0.17 0.12 0.38 0.55 0.25 0.22 0.14 0.07 0.05 5.33 0.08 0.10 0.05 0.09 0.07 0.21

Exc Volume

Week

Stock

C 0.25 0.11 0.17 0.00 0.47 0.01 0.00 0.06 11.76 1.18 1.47 0.15 0.12 0.00 2.66 3.50 16.80 21.02 0.00 0.12 0.03 0.12 0.00 3.14 2.49 0.05 0.00 0.07 0.06 0.25 0.32 0.00 0.21 0.46 0.00 0.06 0.44 0.56 0.33 0.42 0.01 0.11 0.50 0.41 0.11 0.04 0.06 0.00 0.11 0.00 0.00 0.15 0.39 0.49 0.22 0.26 0.00 0.00 0.17 0.14 0.06 0.08 0.28 0.20 5.16 0.00 0.06 0.06 0.04 0.06 0.02 0.13 0.00 0.24 0.20 0.00 0.04 0.03 0.41 0.02 0.00 0.01 0.40 0.00 0.04 0.00 0.12 0.09 0.03 1.76 0.01 9.27 0.17 0.13 0.05 0.01 0.18 0.23 1.32 0.21 0.27 0.00 0.00 0.11 0.14 0.39 0.31 0.00 0.07 0.00 4.82 6.04 0.12 0.10 3.95 3.15 100.10 0.24 0.18 0.14 0.11 3.08 0.29 0.12 0.43 0.53 0.35 0.25 0.00 0.11 0.08 23.27 0.13 0.15 0.07 0.09 0.07 0.27

(100s)

High Low

High

Low

Last

12-month Change

0.04 0.04 0.00 0.05 6.70 6.96 0.08 0.08 0.10 0.11 + 2.83 2.87 + 0.00 0.11 + 0.13 0.15 0.84 0.84 0.18 0.18 0.12 0.15 unch 0.23 0.23 + 0.00 0.19 0.15 0.15 unch 0.18 0.18 + 0.00 0.00 2.86 3.05 0.08 0.08 0.00 0.07 0.60 0.60 unch 0.77 0.78 0.15 0.16 0.19 0.19 0.10 0.12 unch 0.08 0.08 unch 1.26 1.35 1.59 1.73 0.15 0.16 + 19.14 22.35 11.58 11.89 0.33 0.34 0.27 0.41 0.06 0.07 0.08 0.08 0.04 0.06 0.00 0.84 0.70 0.71 0.30 0.34 0.40 0.43 + 0.00 0.04 2.68 2.81 3.40 3.52 0.05 0.05 0.44 0.44 0.34 0.34 0.58 0.61 0.73 0.76 unch 0.07 0.08 0.00 3.07 3.75 3.75 + 0.33 0.39 0.43 0.43 0.13 0.14 + 2.96 3.21 + 3.95 4.02 + 0.12 0.12 + 0.09 0.09 0.35 0.35 + 1.15 1.20 0.87 0.95 0.18 0.19 + 0.14 0.14 0.15 0.15 0.12 0.12 + 0.07 0.08 0.09 0.09 0.01 0.01 0.00 0.03 unch 0.04 0.04 0.07 0.07 unch 0.95 0.97 + 0.07 0.09 + 0.91 1.08 + 1.09 1.34

High Low

0.00 0.01 0.58 0.01 0.01 0.04 0.01 0.02 0.02 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.16 0.02 0.01 0.00 0.05 0.02 0.03 0.00 0.00 0.20 0.18 0.01 1.34 0.21 0.01 0.03 0.00 0.01 0.00 0.12 0.03 0.01 0.01 0.01 0.09 0.09 0.01 0.06 0.05 0.02 0.00 0.01 0.17 0.20 0.04 0.02 0.01 0.01 0.02 0.01 0.00 0.03 0.01 0.00 0.02 0.03 0.02 0.02 0.00 0.01 0.19 0.00 0.01 0.00 0.01 0.01 0.14 0.17

0.14 0.17 12.60 0.16 0.17 3.50 0.35 0.44 0.94 0.32 0.21 0.50 0.39 0.23 0.32 0.00 9.85 0.14 0.17 0.79 1.40 0.50 0.38 0.36 0.26 2.52 2.70 0.30 22.45 15.89 0.43 0.55 0.20 0.26 0.25 1.19 0.89 0.53 0.66 0.07 4.20 5.07 0.60 0.82 0.65 1.70 2.21 0.20 5.00 6.53 0.40 0.51 0.35 3.30 4.15 0.29 0.25 2.53 1.79 1.52 0.50 1.22 0.36 0.29 0.14 0.18 0.20 0.04 0.06 0.08 0.99 0.38 2.00 2.45

0.03 0.04 6.56 0.04 0.05 2.82 0.09 0.12 0.50 0.09 0.06 0.20 0.15 0.14 0.17 0.00 0.76 0.07 0.03 0.51 0.65 0.00 0.17 0.10 0.08 0.37 0.47 0.08 3.66 8.31 0.13 0.16 0.06 0.08 0.01 0.11 0.11 0.08 0.11 0.02 0.53 0.71 0.04 0.16 0.12 0.58 0.73 0.07 2.55 3.40 0.12 0.16 0.12 1.71 2.17 0.09 0.07 0.29 0.28 0.21 0.15 0.01 0.06 0.04 0.03 0.04 0.00 0.02 0.04 0.03 0.19 0.05 0.24 0.32

0.00 0.01 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.10 0.13 0.02 0.08 0.04 0.00 0.01 0.01 0.09 0.00 0.01 0.03 0.00 0.01 0.02 0.00 0.02 0.00 0.00 0.04 0.05 0.00 0.03 0.01 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.07 0.09 0.05 0.40 0.33 0.40 0.06 0.01 0.01 0.00 0.02 0.07 0.05 0.00 0.00 0.01 0.02 0.01 0.07 0.09 0.22 0.24 0.03 0.01 0.00 0.02 0.05 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.02 0.00 0.01 0.01 0.01 0.00 0.47 0.54 0.10 0.61 0.52 0.00 0.00 0.00 0.00 0.08 0.06 0.00 0.01 0.05 0.00 0.08

0.16 0.20 0.16 0.20 0.47 0.12 0.09 0.30 0.23 0.11 0.59 0.75 0.91 1.07 0.21 0.69 2.29 1.81 0.24 0.33 4.69 0.06 0.28 0.35 0.01 1.00 1.25 0.15 0.13 0.16 0.04 2.84 2.23 0.12 0.50 0.55 0.59 0.40 0.02 0.01 0.41 0.09 0.51 0.91 1.17 1.28 1.18 1.22 16.78 10.73 0.13 0.18 0.11 0.16 2.98 2.49 3.00 1.10 0.35 0.20 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.58 0.39 0.43 0.57 0.10 0.09 0.20 0.15 0.31 0.20 0.27 1.00 0.25 0.25 0.02 0.05 0.07 0.19 0.16 14.49 18.90 0.48 5.88 4.65 1.81 1.38 0.85 0.74 2.16 1.72 0.16 0.12 1.05 0.87 0.29

0.03 0.04 0.04 0.05 0.22 0.04 0.01 0.04 0.03 0.02 0.11 0.14 0.19 0.30 0.06 0.40 0.41 0.30 0.09 0.12 0.63 0.01 0.05 0.06 0.00 0.06 0.09 0.06 0.03 0.05 0.00 1.45 1.29 0.06 0.10 0.18 0.23 0.12 0.00 0.00 0.17 0.00 0.03 0.33 0.42 0.57 0.20 0.06 8.73 7.18 0.04 0.05 0.06 0.07 1.64 1.26 0.82 0.45 0.07 0.05 0.10 0.21 0.26 0.07 0.05 0.03 0.04 0.14 0.14 0.10 0.23 0.30 0.04 0.03 0.05 0.03 0.10 0.12 0.16 0.01 0.03 0.17 0.00 0.01 0.03 0.06 0.04 9.01 11.31 0.28 0.97 0.75 0.78 0.61 0.39 0.30 0.13 0.05 0.05 0.04 0.24 0.47 0.10

D-F 0.04 0.05 0.06 0.06 + 0.05 0.06 0.07 0.07 unch + 0.32 0.35 0.04 0.05 unch 0.03 0.04 0.04 0.05 unch + 0.03 0.04 0.07 0.07 0.16 0.18 unch 0.21 0.23 unch 0.42 0.45 0.53 0.56 + 0.07 0.08 0.40 0.40 + 1.32 1.39 1.05 1.10 unch 0.11 0.11 + 0.15 0.16 4.27 4.41 + 0.04 0.04 + 0.22 0.25 + 0.27 0.31 0.00 0.00 + 0.10 0.16 + 0.19 0.21 0.08 0.08 unch + 0.06 0.08 0.08 0.09 unch 0.01 0.01 1.81 1.85 1.44 1.46 0.10 0.10 unch 0.17 0.17 0.21 0.22 0.26 0.27 0.25 0.25 unch 0.00 0.00 unch 0.00 0.00 unch 0.23 0.25 0.00 0.01 0.04 0.07 0.41 0.43 0.51 0.54 0.83 0.84 0.51 0.63 0.41 0.51 9.96 10.19 + 7.42 7.61 0.04 0.04 0.06 0.06 0.09 0.09 unch 0.10 0.10 2.53 2.57 0.00 2.04 0.82 0.82 unch 0.80 0.80 unch + 0.19 0.21 + 0.15 0.17 0.11 0.12 + 1.30 1.38 + 1.60 1.72 0.85 0.86 1.08 1.11 0.09 0.10 + 0.13 0.13 0.16 0.16 unch 0.25 0.26 0.22 0.22 0.24 0.25 0.31 0.31 + 0.00 0.09 0.00 0.06 + 0.08 0.10 + 0.07 0.07 0.15 0.16 unch 0.16 0.16 0.20 0.20 unch + 0.00 0.10 + 0.10 0.13 0.20 0.20 0.01 0.01 unch + 0.02 0.05 + 0.00 0.04 + 0.06 0.07 + 0.04 0.05 8.71 8.86 10.93 11.12 + 0.28 0.38 4.09 4.14 3.27 3.29 1.27 1.31 unch 1.01 1.04 unch 0.76 0.78 unch + 0.61 0.62 + 1.80 1.98 + 1.44 1.57 0.05 0.05 unch + 0.04 0.05 + 0.75 0.80 0.60 0.60 unch + 0.10 0.28

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

THE NORTHERN MINER / AUGUST 16–29, 2021

Week High

Low 3.76 3.00 0.02 1.18 29.10 5.95 4.74 0.00 0.22 0.22 0.18 6.27 4.99 0.05 0.03 0.03 0.68 0.85 6.30 7.90 0.10 0.13 0.31 0.39 0.07 0.10 23.25 18.54 0.07 0.09 0.09 2.39 1.91 0.00 0.32 0.39 0.00 0.30 0.53 0.00 0.37 0.29 0.00 0.00 0.00 0.00 0.00 0.18 0.00 0.00 0.07 0.00 0.00 0.34 2.13 2.68 0.43 0.55 0.10 0.77 8.80 7.25 0.11 0.15 0.15 0.39 0.00 0.09 0.07 0.12 0.11 0.08 0.38 0.48 0.19 0.24 0.07 0.09 9.30 7.55 0.10 0.06 0.81 1.01 0.28 0.22 0.00 0.00 0.55 0.68 0.22 0.29 0.19 0.00 15.93 12.71 0.36 0.28 0.43 25.25 0.00 0.05 0.09 0.07 0.40 0.51 0.05 0.04 0.00 0.08 0.00 0.06 0.04 0.07 0.14 1.70 2.11 0.69 0.36 17.04 5.46 4.36 0.00 0.00 0.10 0.08 0.12 0.24 0.29 0.89 0.42 0.55 0.30 0.26 0.56 154.34 193.63 0.00 0.59 0.00 0.37 35.32 0.00 0.03 11.00 0.79 0.00 0.19 0.14 1.14 0.90 0.05 0.07

EMX Royalty EMX Royalty* Encanto Potash* EnCore Energy Endeavour Mng Endeavr Silver Endeavr Silver* Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng Eskay Mng* Essex Minerals Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc Exploits Disc* Explorex Res Explorex Res* Fabled Silver* Fabled Silver Fairchild Gold Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Majestic First Majestic* First Mg Fin First Mg Fin * First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Fokus Mining Foran Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min Fortune Min* Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold* Freeman Gold Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

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

122 866 10 1441 3033 2597 10178 40 239 310 4 1773 7185 552 1480 258 200 379 7913 3628 254 277 105 626 48 495 938 51 137 295 295 306 184 36 679 2268 3 78 319 24 607 51 179 41 16 31 9 780 9 14 305 2 0 295 83 102 114 777 225 150 4 2 397 1649 126 677 12 2393 151 1284 901 271 51 108 512 635 10 436 873 65 1982 270 197 423 593 175 1 47 34 205 924 1487 1337 33 2301 14643 2216 2507 333 9315 29 17 1041 639 1382 5390 1170 50 6 133 650 16 1054 1920 551 24 2137 3337 127 9 3494 11851 14 8 996 682 22 836 1615 795 23 61 72 9 885 1775 1480 263 1110 91 293 75127 267 1022 24 258 131 515 12 383 1521 125 284

4.00 3.17 0.12 1.38 31.87 6.91 5.51 0.18 0.25 0.24 0.18 6.78 5.42 0.06 0.35 0.04 0.75 0.94 7.28 9.13 0.14 0.17 0.37 0.44 0.11 0.14 25.74 20.36 0.08 0.10 0.10 2.71 2.20 0.16 0.39 0.44 0.26 0.31 0.64 0.49 0.42 0.33 0.07 0.05 0.14 0.16 0.09 0.22 0.16 0.07 0.08 0.69 0.33 0.38 2.33 2.92 0.48 0.60 0.13 0.93 9.00 7.25 0.14 0.17 0.17 0.44 0.35 0.13 0.15 0.12 0.13 0.10 0.38 0.59 0.25 0.29 0.07 0.10 10.93 8.70 0.14 0.08 0.95 1.19 0.31 0.25 0.19 0.24 0.57 0.74 0.26 0.32 0.33 0.26 17.68 14.10 0.39 0.33 0.52 27.29 0.07 0.05 0.11 0.09 0.46 0.60 0.05 0.04 0.06 0.10 0.05 0.06 0.07 0.08 0.15 1.80 2.26 0.96 0.48 18.25 6.07 4.85 0.67 0.58 0.13 0.10 0.16 0.29 0.35 1.04 0.45 0.58 0.36 0.35 0.65 163.79 205.25 0.04 0.67 0.33 0.42 39.08 0.22 0.03 11.84 0.85 0.03 0.22 0.15 1.29 1.02 0.06 0.08

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls Genesis Mtls*

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

6 67 37 134 690 379 238 9 147 2128 1272 2702 204 7 1 538 1141 13 249 33 243 41 10 88 2759 218 2594 377 15 23 351 17

0.47 0.58 0.23 0.29 0.16 0.20 0.80 0.60 1.29 1.04 0.08 0.10 0.02 0.12 0.00 0.67 0.84 0.15 0.18 0.32 0.39 0.38 0.30 17.74 14.18 0.44 0.89 0.71 0.31 0.45 0.19 0.14

Last

12-month Change

(100s)

High Low

Stock

Genius Metals Gensource Pot Geomega Res* Geomega Res Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GGL Res* GGL Res GGX Gold* GGX Gold Giga Metals* Giga Metals Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake Glacier Lake* Gldn Predator Gldn Predator* Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Gold* Global Li-Ion* Global Li-Ion GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Golcap Res Gold Basin Res* Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex Gold Finder Ex* Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold Std Vents* Gold Std Vents Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbank Mng* Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Dawn Ml* Golden Dawn Ml Golden Goliath Golden Goliath* Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldgroup Mng* Goldgroup Mng GoldHaven Res* GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia Gran Colombia* Granada Gold Granada Gold* Grande Portage* Grande Portage Granite Creek* Granite Creek Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Lakes Gr* Great Panther Great Panther* Great Quest Fe Great Thunder* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenshield Ex Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold

3.80 3.03 0.12 + 1.24 29.50 6.11 4.85 0.18 0.23 0.23 unch 0.18 + 6.62 + 5.27 + 0.05 unch 0.35 0.03 0.68 0.85 6.33 7.96 0.11 0.14 0.31 0.39 0.07 0.10 23.74 18.87 0.07 + 0.09 0.09 2.42 1.93 0.16 0.35 + 0.43 + 0.24 0.30 0.62 + 0.49 + 0.39 + 0.30 + 0.06 0.04 0.14 + 0.16 unch 0.08 + 0.20 unch 0.14 0.07 0.08 + 0.69 + 0.33 + 0.37 2.13 2.69 0.48 + 0.60 + 0.13 + 0.80 9.00 unch 7.25 unch 0.12 0.16 + 0.16 0.44 + 0.33 + 0.12 + 0.08 + 0.12 unch 0.11 0.09 0.38 unch 0.53 + 0.20 0.26 0.07 unch 0.09 unch 10.89 + 8.70 + 0.11 0.07 0.83 1.04 0.29 0.22 0.19 + 0.24 + 0.56 + 0.69 0.24 + 0.31 + 0.29 + 0.24 + 16.43 13.08 0.37 0.29 0.48 26.33 0.06 0.05 + 0.10 0.08 0.41 0.51 0.05 unch 0.04 unch 0.06 + 0.10 unch 0.05 unch 0.06 unch 0.06 + 0.08 + 0.14 1.74 2.16 0.69 0.45 + 17.23 5.60 4.46 0.67 unch 0.53 0.10 0.08 0.12 0.25 0.32 0.95 0.42 0.58 + 0.30 0.27 0.60 unch 157.00 197.29 0.02 0.60 0.32 + 0.40 + 36.86 0.20 0.03 unch 11.09 0.84 + 0.03 unch 0.20 0.15 1.19 0.95 0.06 0.07 unch

0.05 0.09 0.08 0.06 0.21 0.47 0.42 0.03 0.03 0.00 0.00 0.09 0.02 0.00 0.05 0.34 0.06 0.09 0.63 0.72 0.03 0.03 0.04 0.05 0.03 0.04 1.37 1.23 0.00 0.01 0.01 0.25 0.20 0.01 0.00 0.01 0.02 0.02 0.09 0.05 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.14 0.05 0.01 0.18 0.19 0.04 0.04 0.03 0.11 0.00 0.00 0.00 0.01 0.01 0.04 0.01 0.03 0.02 0.00 0.01 0.01 0.00 0.03 0.02 0.02 0.00 0.00 1.02 0.70 0.03 0.01 0.07 0.08 0.01 0.02 0.09 0.10 0.01 0.05 0.01 0.02 0.11 0.09 0.63 0.63 0.03 0.02 0.02 0.39 0.03 0.01 0.01 0.01 0.02 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.04 0.26 0.05 0.98 0.33 0.29 0.00 0.05 0.02 0.02 0.03 0.02 0.03 0.05 0.03 0.03 0.03 0.06 0.00 2.91 2.26 0.01 0.05 0.04 0.04 1.24 0.02 0.00 0.50 0.02 0.00 0.01 0.00 0.04 0.04 0.00 0.00

4.83 3.81 0.12 1.63 39.21 9.32 7.76 0.35 0.44 0.34 0.26 9.75 7.83 0.21 0.75 0.55 0.90 1.12 13.66 17.99 0.25 0.33 0.55 0.69 0.19 0.25 29.76 22.30 0.09 0.12 0.12 3.14 2.49 0.92 0.39 0.45 0.34 0.48 0.85 0.66 0.63 0.49 0.24 0.16 0.39 0.60 1.02 0.84 0.64 0.90 0.23 1.45 1.09 0.59 3.90 6.15 0.94 1.19 0.20 1.35 10.50 8.34 0.60 0.40 0.20 0.60 0.72 0.25 0.19 0.17 0.31 0.24 0.44 0.88 0.49 0.63 0.11 0.17 11.97 9.85 0.15 0.26 1.33 1.75 0.40 0.34 0.25 0.30 0.97 1.31 0.37 0.46 0.62 0.31 30.75 24.01 0.60 0.47 0.76 35.07 0.18 0.14 0.17 0.13 0.57 0.69 0.07 0.05 0.21 0.27 0.15 0.36 0.22 0.28 0.48 2.15 2.63 1.12 0.48 20.40 12.61 9.85 1.55 1.15 0.27 0.22 0.38 0.40 0.46 5.10 0.60 0.60 0.73 0.57 0.94 166.11 220.50 0.15 1.95 0.89 0.68 46.10 0.74 0.15 18.11 1.39 0.04 0.65 0.57 7.56 3.89 0.26 0.33

3.37 2.50 0.02 0.28 23.12 4.00 2.99 0.07 0.07 0.17 0.12 1.91 1.42 0.05 0.30 0.02 0.27 0.38 6.08 7.77 0.08 0.11 0.26 0.33 0.02 0.03 16.64 17.45 0.05 0.07 0.07 0.46 0.35 0.14 0.12 0.16 0.16 0.23 0.06 0.33 0.30 0.20 0.01 0.00 0.13 0.16 0.01 0.18 0.00 0.00 0.05 0.28 0.12 0.28 1.83 2.36 0.39 0.48 0.08 0.19 4.25 3.40 0.07 0.07 0.14 0.35 0.16 0.08 0.02 0.06 0.05 0.04 0.38 0.45 0.15 0.15 0.04 0.06 1.60 1.00 0.06 0.05 0.74 0.95 0.12 0.10 0.06 0.11 0.44 0.60 0.09 0.12 0.14 0.14 12.48 9.33 0.33 0.25 0.27 11.25 0.05 0.03 0.06 0.04 0.17 0.23 0.02 0.01 0.05 0.07 0.05 0.04 0.01 0.02 0.12 0.14 0.16 0.12 0.12 10.95 5.42 4.29 0.66 0.10 0.06 0.04 0.11 0.08 0.11 0.91 0.37 0.11 0.06 0.05 0.36 105.62 133.63 0.00 0.52 0.18 0.28 13.33 0.15 0.03 10.20 0.20 0.02 0.11 0.00 1.19 0.93 0.02 0.03

0.00 0.44 + 0.50 0.51 0.21 0.22 + 0.00 0.28 + 0.13 0.14 0.16 0.17 0.58 0.60 0.46 0.46 1.16 1.16 0.92 0.92 0.07 0.07 + 0.09 0.10 + 0.02 0.02 unch 0.12 0.12 + 0.00 0.16 unch 0.56 0.56 0.69 0.70 0.13 0.14 + 0.16 0.18 + 0.28 0.28 0.00 0.34 0.36 0.36 0.28 0.29 16.14 16.91 12.84 13.50 0.40 0.40 0.69 0.82 0.54 0.66 0.00 0.31 + 0.00 0.45 + 0.17 0.18 unch 0.13 0.14 -

0.01 0.01 0.01 0.01 0.01 0.03 0.20 0.19 0.07 0.09 0.00 0.01 0.00 0.00 0.00 0.04 0.03 0.01 0.01 0.04 0.06 0.01 0.00 0.13 0.14 0.04 0.04 0.03 0.00 0.06 0.00 0.00

0.64 1.00 0.40 0.52 0.30 0.40 0.94 0.78 2.80 2.12 0.14 0.17 0.03 3.95 0.29 1.57 2.09 0.29 0.36 0.60 0.75 0.86 0.64 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.33 0.25

0.25 0.35 0.15 0.20 0.13 0.16 0.22 0.16 1.18 0.93 0.05 0.07 0.01 0.09 0.12 0.54 0.68 0.09 0.10 0.20 0.33 0.36 0.29 7.77 5.78 0.16 0.41 0.22 0.28 0.29 0.15 0.12

G-H

Exc Volume C 259 V 404 O 61 V 255 O 89 C 108 V 10 V 232 O 610 O 0 V 15 O 0 V 238 O 685 V 1571 V 384 O 19 O 120 V 524 V 50 V 6 O 3 V 323 O 193 O 1 V 497 O 232 O 1385 O 241 T 1587 O 590 V 361 O 37 V 40 O 1 O 67 C 249 O 1 O 9 T 101 O 227 V 460 O 2034468 O 0 C 60 V 12 T 2547 C 60 O 17 C 182 V 270 O 62 O 1 N 28866 V 1031 O 397 C 8 V 723 O 48 C 25 O 242 V 1588 C 60 O 53 V 24 X 4020 X 967 X 3237 T 167 C 90 V 293 O 25 V 28 O 5 V 50 V 219 O 8 V 211 O 52 O 1428 C 300 O 22 V 3895 V 1024 O 214 V 48 O 0 C 341 O 217 C 491 T 99 X 2454 O 4 V 56 V 429 V 129 V 40 T 101 O 0 X 2139 O 3 V 830 O 492 V 3 O 2 V 19 O 5 O 416 T 4875 O 330 T 701 V 94 O 18 V 1457 V 136 C 553 O 120 O 105 C 116 O 30 V 134 O 18 V 141 V 32 O 148 O 280 V 1671 V 249 V 1799 O 844 V 18 O 7 O 0 V 103 O 325 V 535 T 961 O 113 V 418 O 109 O 94 V 204 O 240 V 183 O 120 V 203 O 157 V 1774 C 462 V 70 O 44 V 140 O 126 T 610 X 9592 V 211 O 475 V 307 O 1 C 115 V 112 V 60 V 125 C 195 O 590 V 84 O 112 V 184 O 204 V 114 V 7 V 177 O 989 V 1146 O 43 V 28 V 1088 V 40 O 142 V 509 O 2 V 6 O 3 O 1 V 26 V 165 O 137 V 41

Week High 0.24 0.23 0.21 0.26 0.42 0.52 0.05 0.17 0.14 0.00 0.14 0.13 0.16 0.39 0.46 0.08 0.07 0.32 0.40 0.19 0.28 0.42 0.15 0.12 0.06 0.08 4.62 9.18 2.46 3.08 0.24 0.31 0.15 0.19 1.00 0.08 0.09 0.20 0.87 1.10 0.35 0.44 0.00 0.00 0.28 0.26 3.28 0.20 0.28 0.36 0.31 0.25 9.85 10.34 0.12 0.10 0.38 0.25 0.11 0.15 1.48 1.85 0.13 1.77 2.15 2.14 5.13 0.57 0.71 0.10 0.08 0.06 0.13 0.09 0.02 0.09 0.07 0.17 0.13 0.01 0.16 0.16 0.21 0.07 0.07 0.32 0.00 0.24 0.20 0.27 0.67 0.55 0.12 0.15 0.28 4.23 0.14 3.37 0.00 2.73 0.22 0.31 0.25 6.52 5.22 0.08 0.56 0.06 0.08 0.45 1.81 0.28 0.26 0.18 0.20 0.04 0.03 0.04 0.13 0.56 0.69 0.76 0.96 0.12 0.09 1.23 1.60 0.25 0.25 0.20 0.21 0.19 0.00 0.12 0.42 0.51 5.04 4.00 0.13 0.11 0.52 0.60 0.17 0.21 0.92 1.16 1.24 1.43 0.63 0.50 11.98 15.00 0.00 0.80 0.63 0.08 0.52 0.13 0.04 0.07 0.06 0.91 0.12 0.22 0.08 0.44 0.13 0.16 0.04 0.05 0.17 0.12 0.32 0.38 0.04 0.28 0.58 0.11 0.05 0.06 0.46 0.65 0.02 0.04 0.06 0.28 0.23 0.41

Low

Last

12-month Change

0.19 0.23 + 0.00 0.23 + 0.19 0.20 0.25 0.25 0.40 0.41 + 0.50 0.51 + 0.00 0.05 unch 0.15 0.15 0.12 0.12 0.00 0.10 unch 0.14 0.14 unch 0.00 0.13 unch 0.15 0.16 + 0.30 0.35 + 0.39 0.45 + 0.08 0.08 + 0.06 0.06 0.25 0.28 + 0.32 0.36 + 0.17 0.17 unch 0.26 0.28 unch 0.20 0.20 0.13 0.14 unch 0.11 0.12 + 0.06 0.06 0.07 0.07 4.44 4.53 + 8.86 8.95 + 2.17 2.19 2.70 2.74 0.20 0.23 + 0.26 0.28 unch 0.15 0.15 + 0.18 0.19 0.00 1.00 unch 0.06 0.06 0.08 0.08 0.20 0.20 unch 0.80 0.85 1.05 1.08 + 0.23 0.33 + 0.32 0.42 + 0.00 0.00 0.00 0.23 unch 0.00 0.25 0.26 0.26 unch 2.92 3.08 + 0.18 0.19 0.28 0.28 0.33 0.33 0.26 0.27 0.00 0.21 9.85 9.85 unch 8.81 8.82 0.10 0.11 0.07 0.08 0.37 0.37 unch 0.21 0.23 0.11 0.11 unch 0.12 0.14 unch 1.20 1.28 1.54 1.65 unch 0.00 0.13 + 1.51 1.62 unch 1.99 2.10 + 1.90 1.93 4.70 5.12 + 0.53 0.53 0.67 0.67 0.00 0.10 0.07 0.07 0.06 0.06 + 0.10 0.12 unch 0.09 0.09 unch 0.02 0.02 unch 0.09 0.09 + 0.07 0.07 0.16 0.16 0.12 0.13 0.00 0.00 unch 0.13 0.14 0.09 0.13 + 0.11 0.17 + 0.06 0.06 0.04 0.06 + 0.28 0.31 + 0.00 0.26 unch 0.21 0.23 0.17 0.18 0.23 0.23 0.61 0.62 0.48 0.49 0.12 0.12 unch 0.14 0.15 + 0.23 0.24 4.04 4.06 0.12 0.14 + 2.85 2.86 0.00 2.25 unch 2.26 2.29 0.00 0.10 0.24 0.28 0.19 0.22 6.50 6.50 0.00 5.21 0.07 0.07 0.00 0.06 + 0.04 0.05 0.05 0.06 0.38 0.41 + 1.55 1.58 0.25 0.25 0.19 0.19 0.15 0.15 0.19 0.20 0.03 0.04 + 0.03 0.03 + 0.00 0.04 0.11 0.13 + 0.00 0.56 + 0.64 0.66 + 0.69 0.69 0.85 0.86 0.12 0.12 unch 0.09 0.09 unch 0.99 1.06 1.25 1.31 0.21 0.21 0.21 0.22 0.16 0.17 0.19 0.20 + 0.14 0.15 + 0.00 0.09 unch 0.11 0.12 + 0.36 0.37 0.46 0.47 4.50 4.63 3.60 3.70 0.12 0.13 + 0.09 0.10 0.45 0.46 0.57 0.58 + 0.15 0.15 0.19 0.20 0.80 0.91 + 1.00 1.13 + 1.03 1.07 1.28 1.35 0.52 0.57 0.47 0.47 11.43 11.49 14.33 14.33 0.00 0.00 0.64 0.67 0.52 0.53 0.06 0.08 + 0.42 0.45 0.11 0.13 + 0.00 0.04 unch 0.06 0.06 + 0.06 0.06 unch 0.60 0.88 + 0.11 0.11 0.17 0.19 0.07 0.07 + 0.37 0.44 + 0.11 0.12 0.14 0.15 0.04 0.04 0.05 0.05 unch 0.00 0.17 unch 0.11 0.11 unch 0.26 0.27 0.32 0.34 0.01 0.04 unch 0.24 0.25 + 0.48 0.48 0.00 0.11 unch 0.00 0.04 0.05 0.06 + 0.46 0.46 0.61 0.65 unch 0.00 0.02 unch 0.04 0.04 unch 0.06 0.06 + 0.26 0.27 0.21 0.22 0.36 0.40 -

0.03 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.04 0.06 0.01 0.01 0.02 0.04 0.00 0.00 0.22 0.00 0.01 0.00 0.01 0.06 0.02 0.20 0.13 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.03 0.01 0.06 0.10 0.00 0.00 0.03 0.00 0.11 0.02 0.00 0.03 0.03 0.02 0.00 1.00 0.01 0.01 0.00 0.02 0.00 0.00 0.04 0.00 0.01 0.00 0.10 0.18 0.26 0.03 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.02 0.04 0.06 0.01 0.01 0.03 0.00 0.01 0.00 0.03 0.04 0.05 0.00 0.01 0.02 0.14 0.02 0.42 0.00 0.36 0.12 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.04 0.17 0.03 0.02 0.02 0.01 0.01 0.00 0.00 0.01 0.04 0.01 0.05 0.05 0.00 0.00 0.16 0.19 0.02 0.03 0.02 0.01 0.01 0.00 0.02 0.01 0.01 0.12 0.10 0.01 0.01 0.01 0.01 0.01 0.01 0.07 0.06 0.05 0.05 0.06 0.01 0.52 0.58 0.00 0.10 0.10 0.01 0.01 0.01 0.00 0.01 0.00 0.18 0.01 0.02 0.01 0.04 0.01 0.01 0.00 0.00 0.00 0.00 0.03 0.03 0.00 0.01 0.10 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01

High Low 0.32 0.25 0.47 0.60 0.58 0.69 0.11 0.31 0.24 0.29 0.45 0.22 0.29 1.84 2.44 0.21 0.14 0.70 0.87 0.30 0.38 0.42 0.42 0.33 0.09 0.12 4.94 9.48 2.94 3.34 1.52 1.93 0.28 0.35 2.70 0.21 0.27 0.80 1.24 1.49 0.36 0.45 0.00 1.74 2.40 0.37 3.55 0.60 0.33 0.50 0.71 0.56 13.28 14.90 0.23 0.23 0.95 0.76 0.52 0.68 2.65 3.12 0.30 2.02 2.70 4.94 7.08 1.14 1.50 0.35 0.14 0.11 0.19 0.11 0.05 0.16 0.13 0.22 0.20 0.01 0.26 0.16 0.21 0.38 0.32 0.48 0.35 0.72 0.57 0.70 1.65 1.30 0.19 0.31 0.41 5.44 0.20 6.89 3.49 5.20 5.10 0.65 0.60 8.32 6.43 0.11 1.10 0.07 0.10 0.87 3.85 1.14 0.86 0.20 0.50 0.08 0.05 0.10 0.59 0.85 0.98 1.12 1.80 0.30 0.16 1.31 1.62 0.35 0.39 0.32 0.51 0.39 0.13 0.15 0.74 0.95 8.40 6.61 0.34 0.26 0.65 0.78 0.24 0.29 1.89 2.40 1.51 1.84 2.86 0.88 14.89 19.19 0.02 1.47 1.16 0.17 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.70 0.30 0.43 0.27 0.34 0.07 0.09 0.19 0.18 0.50 0.51 0.11 0.67 0.74 0.20 0.08 0.10 0.67 0.93 0.15 0.11 0.16 0.62 0.49 2.94

0.16 0.15 0.10 0.17 0.22 0.30 0.04 0.12 0.10 0.10 0.13 0.08 0.10 0.22 0.30 0.07 0.05 0.09 0.12 0.10 0.20 0.20 0.12 0.09 0.04 0.05 1.97 3.90 0.41 0.56 0.05 0.09 0.11 0.14 0.55 0.06 0.08 0.00 0.43 0.57 0.16 0.20 0.00 0.18 0.25 0.21 1.37 0.08 0.02 0.25 0.22 0.16 8.00 8.11 0.05 0.03 0.30 0.22 0.08 0.12 1.04 0.76 0.11 1.17 1.50 2.00 3.39 0.50 0.63 0.09 0.06 0.04 0.10 0.08 0.02 0.08 0.06 0.15 0.12 0.00 0.10 0.08 0.11 0.06 0.00 0.26 0.24 0.20 0.15 0.12 0.51 0.38 0.10 0.12 0.12 1.72 0.08 2.58 0.17 2.04 0.00 0.22 0.18 6.30 4.92 0.07 0.00 0.02 0.04 0.20 1.51 0.25 0.00 0.15 0.19 0.03 0.02 0.02 0.11 0.26 0.59 0.70 0.85 0.09 0.09 0.10 0.12 0.05 0.12 0.09 0.16 0.12 0.04 0.05 0.36 0.45 4.53 3.56 0.11 0.08 0.18 0.24 0.08 0.10 0.26 0.36 0.10 0.13 0.32 0.41 10.25 12.80 0.00 0.68 0.54 0.06 0.24 0.07 0.04 0.05 0.03 0.25 0.08 0.17 0.05 0.14 0.07 0.10 0.03 0.04 0.14 0.06 0.20 0.27 0.01 0.21 0.15 0.10 0.03 0.04 0.45 0.57 0.01 0.05 0.06 0.25 0.20 0.36

(100s) Stock

Exc Volume

Week High

Low

Last

0.33 0.06 0.28 3.73 0.06 0.05 0.14 0.16 0.02 0.09 0.00 0.22 5.98 0.78 0.97 1.52 0.22 0.00 0.04 0.01 0.20 1.53 1.15 0.10 0.09 0.35 0.28 0.01 0.00 0.07 0.06 0.11 6.59 8.27 0.09 0.07 0.05 0.06 2.44 1.95

0.33 0.06 0.28 3.75 0.08 0.06 0.14 0.18 0.02 0.09 0.24 0.22 6.20 0.78 0.98 1.74 0.22 0.28 0.04 0.02 0.20 1.53 1.23 0.13 0.10 0.35 0.28 0.01 2.04 0.07 0.06 0.11 6.60 8.27 0.09 0.07 0.05 0.06 2.54 2.02

Hanstone Gold* Happy Ck Mnrls Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* HiHo Silver* Hochschild Mg* Honey Badger Honey Badger* Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng i-80 Gold i-80 Gold*

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

20 141 37 21729 5013 687 1 156 3274 418 267 1 29037 187 110 16 3 0 43 215 60 111 45 562 617 48 20 30 25 2203 669 5930 5240 5001 1046 209 25 551 455 46

0.33 0.07 0.29 4.35 0.09 0.06 0.14 0.18 0.03 0.10 0.26 0.22 6.82 0.91 1.06 1.75 0.22 0.00 0.04 0.02 0.20 1.69 1.33 0.13 0.12 0.36 0.28 0.01 2.30 0.10 0.09 0.12 7.31 9.02 0.11 0.08 0.06 0.07 2.63 2.14

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

O 93 V 56 T 5037 N 16049 O 1 V 308 O 123 O 353 C 119 V 57 C 308 O 61 V 156 V 604 O 2 T 100 O 11 O 63 V 708 O 14 V 55 O 3643 V 155 O 3 V 10 V 581 V 919 O 195 C 20 O 136 V 129 V 99 V 200 X 365 O 5 V 23 V 0 O 0 O 405 C 413 C 80 O 92 V 2 O 19 C 62 O 779 V 1154 O 55 V 157 O 172255 X 870 T 43 V 172 O 60 N 659 O 0 T 590 O 18 V 93 V 572 O 25 O 101 V 203 C 46 O 71 V 363 O 4 V 35 O 486 O 889 T 11492 C 3 O 44 V 119 O 17 V 612 T 682 O 142 O 109 V 159 O 8 V 5 O 440 V 1003 O 0 V 64 V 64 O 1676 V 1146 O 19 C 201 T 295 O 439 V 705 V 3 O 46 O 155 V 482 O 1 V 304 O 330 T 1532 O 200 V 30 V 516 O 513 V 300 V 113 C 2 T 67 V 69 O 470 O 358755 O 10 V 2191 V 90 V 105 V 236 O 78 V 891 V 3 O 2 O 22 V 360 O 55 V 780 O 22 V 412 O 5 V 347 V 2 V 190 O 45 T 13338 N 44768 V 42 V 35 O 19 T 3607 N 6066 V 127 O 3 O 77 V 3470 O 65

0.02 0.03 3.55 2.84 0.02 0.19 0.14 0.11 0.15 0.03 0.17 0.09 0.11 0.58 16.90 4.75 3.80 0.16 0.19 0.30 0.38 0.02 0.12 0.08 0.08 0.14 0.08 0.06 0.30 0.02 0.12 0.07 3.82 3.06 0.36 0.46 0.00 0.00 0.17 0.19 0.91 0.73 0.00 0.23 0.27 0.05 0.06 0.17 0.22 0.01 1.07 1.33 0.28 0.19 34.39 0.00 0.66 0.13 0.18 0.04 0.02 0.36 0.45 1.63 1.30 2.82 1.11 1.49 0.25 7.68 9.65 0.38 0.07 0.07 0.03 0.04 5.97 4.72 0.27 0.33 0.08 0.10 0.07 0.09 0.49 0.65 0.60 0.42 0.48 0.14 0.17 0.85 0.06 0.04 0.74 0.28 0.20 0.27 1.19 0.34 0.35 9.12 7.26 0.24 0.08 0.07 0.27 0.87 0.14 0.21 0.65 3.21 0.01 0.00 0.03 0.88 0.04 0.16 0.13 0.13 0.20 0.16 0.17 0.22 0.06 0.07 0.44 0.56 0.06 0.07 0.16 0.19 0.14 8.40 6.70 0.15 0.49 0.39 55.88 44.59 0.21 0.17 0.05 0.07 1.16

12-month Change

High Low

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

0.00 0.00 0.01 0.35 0.00 0.01 0.00 0.02 0.01 0.01 0.04 0.00 0.49 0.04 0.04 0.01 0.00 0.00 0.00 0.01 0.00 0.10 0.06 0.01 0.01 0.00 0.00 0.00 0.22 0.02 0.01 0.01 0.56 0.64 0.01 0.00 0.01 0.01 0.08 0.07

0.35 0.15 0.62 7.21 0.22 0.16 0.20 0.29 0.05 0.20 0.65 0.27 9.44 1.47 2.25 2.11 0.81 1.10 0.11 0.03 0.30 3.14 2.44 0.15 0.12 0.47 0.37 0.13 4.35 0.18 0.21 0.20 9.60 11.62 0.38 0.29 0.23 0.20 3.05 2.65

0.33 0.06 0.27 3.66 0.05 0.04 0.10 0.15 0.02 0.08 0.22 0.22 4.32 0.10 0.80 0.65 0.22 0.27 0.04 0.01 0.20 1.07 0.83 0.04 0.03 0.12 0.09 0.01 1.90 0.05 0.00 0.06 3.37 4.47 0.09 0.07 0.01 0.06 2.26 1.88

0.02 0.03 3.15 2.50 0.02 0.18 + 0.13 + 0.10 0.13 + 0.03 unch 0.15 0.08 0.10 0.52 16.90 unch 4.33 3.50 0.13 0.17 unch 0.28 0.38 + 0.01 + 0.11 + 0.08 0.08 unch 0.10 0.08 + 0.06 + 0.29 0.02 + 0.11 0.06 3.63 + 2.91 + 0.36 unch 0.46 + 0.17 unch 0.14 unch 0.14 0.18 0.90 + 0.71 + 0.09 unch 0.22 0.27 + 0.05 + 0.06 + 0.16 0.18 0.01 0.97 1.23 0.25 + 0.19 + 34.30 + 0.52 unch 0.66 unch 0.13 + 0.18 + 0.04 unch 0.02 unch 0.34 0.43 unch 1.45 1.20 2.36 1.05 1.32 0.21 7.68 + 9.64 + 0.38 unch 0.07 + 0.06 0.03 unch 0.03 unch 5.68 + 4.52 + 0.25 0.28 0.08 unch 0.08 0.07 + 0.09 + 0.49 0.65 + 0.55 + 0.39 0.44 0.12 unch 0.16 0.81 0.06 + 0.04 unch 0.74 unch 0.26 unch 0.20 0.25 unch 1.15 + 0.32 + 0.31 + 8.41 6.70 0.23 0.07 + 0.05 + 0.26 unch 0.80 0.14 unch 0.18 0.51 + 2.86 0.01 0.00 0.02 unch 0.77 + 0.03 unch 0.15 0.11 0.10 0.20 unch 0.16 unch 0.17 unch 0.20 0.06 0.07 unch 0.39 0.50 0.06 unch 0.07 unch 0.16 + 0.18 + 0.14 unch 7.76 6.19 0.15 + 0.49 + 0.39 + 51.56 41.02 0.21 + 0.15 0.05 0.06 unch 1.14 -

0.01 0.01 0.26 0.24 0.03 0.04 0.02 0.00 0.01 0.00 0.02 0.01 0.01 0.05 0.00 0.40 0.30 0.00 0.00 0.02 0.01 0.00 0.01 0.01 0.00 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.07 0.04 0.00 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.00 0.02 0.02 0.01 0.01 0.01 0.02 0.00 0.04 0.03 0.01 0.00 4.00 0.00 0.00 0.00 0.02 0.00 0.00 0.01 0.00 0.18 0.10 0.38 0.03 0.13 0.04 0.25 0.38 0.00 0.03 0.01 0.00 0.00 0.13 0.08 0.01 0.03 0.00 0.02 0.02 0.02 0.00 0.03 0.06 0.02 0.08 0.00 0.01 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.40 0.01 0.00 0.59 0.50 0.01 0.02 0.01 0.00 0.05 0.00 0.02 0.01 0.19 0.00 0.02 0.00 0.02 0.00 0.01 0.01 0.03 0.00 0.00 0.00 0.03 0.00 0.00 0.04 0.05 0.00 0.00 0.01 0.01 0.00 0.41 0.37 0.01 0.19 0.04 1.79 1.72 0.03 0.01 0.00 0.00 0.00

0.05 0.06 7.07 5.35 0.13 0.37 0.30 0.26 0.30 0.05 0.33 0.18 0.23 1.22 21.00 6.25 4.92 0.90 0.24 0.67 0.86 0.05 0.23 0.17 0.13 0.42 0.23 0.19 0.63 0.14 0.23 0.12 5.65 4.30 0.37 0.48 0.26 0.20 0.27 0.35 0.99 0.78 0.12 0.81 1.08 0.13 0.16 0.40 0.23 0.01 1.90 2.60 0.33 0.24 39.19 0.67 0.97 0.26 0.33 0.05 0.04 1.40 0.67 4.42 3.36 3.49 1.55 1.90 0.30 8.03 9.74 0.42 0.08 0.12 0.04 0.06 11.30 9.30 0.38 0.47 0.13 0.21 0.09 0.14 0.83 1.05 0.60 0.51 0.61 0.30 0.30 1.05 0.20 0.18 0.90 0.32 0.41 0.52 2.25 0.96 0.66 9.36 7.60 0.40 0.09 0.06 0.59 1.95 0.30 0.31 0.94 3.88 0.02 0.05 0.06 1.75 0.06 0.47 0.37 0.24 0.60 0.44 0.29 0.48 0.09 0.12 0.50 0.80 0.18 0.24 0.30 0.24 0.15 13.59 10.32 0.19 0.50 0.39 76.43 57.69 0.38 0.29 0.26 0.34 2.51

0.01 0.03 3.00 2.38 0.00 0.09 0.07 0.08 0.10 0.01 0.06 0.07 0.09 0.50 8.64 2.91 2.16 0.08 0.07 0.20 0.33 0.01 0.10 0.07 0.06 0.12 0.04 0.04 0.27 0.00 0.06 0.05 3.25 2.57 0.25 0.33 0.09 0.08 0.07 0.10 0.08 0.05 0.02 0.05 0.06 0.03 0.04 0.07 0.09 0.00 0.95 1.21 0.04 0.03 7.94 0.27 0.34 0.08 0.10 0.03 0.02 0.13 0.27 1.40 1.12 0.91 1.01 0.23 0.02 3.27 4.51 0.23 0.03 0.05 0.02 0.03 4.93 1.25 0.22 0.30 0.03 0.05 0.05 0.06 0.12 0.09 0.20 0.16 0.21 0.10 0.14 0.62 0.02 0.02 0.43 0.06 0.06 0.11 0.31 0.27 0.21 5.60 4.20 0.18 0.03 0.02 0.24 0.13 0.11 0.16 0.32 2.25 0.00 0.00 0.02 0.70 0.02 0.14 0.11 0.03 0.20 0.01 0.15 0.18 0.00 0.03 0.33 0.40 0.05 0.06 0.05 0.14 0.09 7.54 5.98 0.07 0.11 0.01 40.07 31.72 0.18 0.14 0.03 0.05 0.32

I-J-K 0.02 0.03 3.04 2.42 0.00 0.14 0.11 0.10 0.12 0.03 0.14 0.08 0.10 0.50 16.90 4.31 0.00 0.00 0.16 0.26 0.35 0.01 0.11 0.00 0.08 0.10 0.07 0.05 0.29 0.01 0.00 0.06 3.52 2.83 0.36 0.00 0.00 0.00 0.12 0.15 0.83 0.57 0.00 0.00 0.00 0.04 0.05 0.16 0.18 0.01 0.88 1.12 0.23 0.19 30.47 0.00 0.65 0.00 0.16 0.03 0.02 0.29 0.42 1.45 1.15 2.36 0.00 1.31 0.18 7.25 9.11 0.38 0.04 0.06 0.03 0.03 5.43 4.20 0.23 0.28 0.08 0.08 0.05 0.07 0.00 0.62 0.49 0.32 0.43 0.00 0.15 0.80 0.05 0.03 0.74 0.22 0.17 0.24 0.00 0.30 0.25 8.14 6.52 0.21 0.05 0.00 0.25 0.80 0.14 0.16 0.50 2.72 0.01 0.00 0.02 0.75 0.03 0.14 0.00 0.09 0.20 0.16 0.17 0.19 0.06 0.07 0.37 0.47 0.06 0.06 0.00 0.17 0.14 7.65 6.10 0.14 0.31 0.34 50.87 40.54 0.19 0.00 0.04 0.05 1.11

(100s) Stock

Exc Volume

Week High

Low 0.32 0.42 0.18 0.23 0.04 0.03 0.55 0.51 1.50 1.16 0.03 0.02

Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kootenay Zinc* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

O V O V C O V O C O C O

63 1545 247 184 285 12 529 75 202 290 6027 254

0.39 0.51 0.21 0.27 0.04 0.04 0.65 0.58 1.85 1.48 0.04 0.03

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

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

583 1157 999 55 981 15996 311 146 17 4664 2565 668 509 14 714 0 140 726 21 275 305 17687 591 5 226 225 2000 154 8 326 125 472 16 10 55 11 419 338 2600 12004 491 391 2494 4 96 144 0 15 22 26 1199 3412 0 81 43 0 4 29 9 1002 31 1707 6 14 675 264 130 865 207 11237 5 305 1307 954 925

1.11 1.40 0.24 40.68 49.92 0.50 0.76 0.66 0.75 0.60 0.01 16.99 21.18 0.14 0.16 0.00 0.13 0.54 0.45 0.28 0.22 3.94 0.23 0.05 0.72 0.86 0.00 0.32 0.24 0.46 0.37 1.07 0.51 0.42 0.03 0.15 1.28 1.06 18.72 14.91 0.32 0.25 0.42 0.12 0.14 0.36 0.00 0.13 0.06 0.10 0.13 0.16 0.00 0.75 1.50 5.79 7.30 0.23 0.15 0.74 0.10 0.15 0.36 0.49 0.81 0.64 0.74 11.43 9.47 11.47 0.04 0.05 0.04 5.73 5.76

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious* Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mansa Explor Mantaro Silver Mantaro Silver* Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Margaret Lake* Marifil Mines* Marifil Mines Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite Mason Graphite* Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res* Medallion Res Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Merger Mines*

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

99 59 198 829 69 239 473 2 172 31 50 2 68 61 5 525 50 1172 41 162 208 420 1037 55 339 97 13 469 1294 108 22 68 123 249 382 224 12 748 655 278 1617 420 15 68 298 0 56 724 0 1467 1441 5234 212 0 217 11 250 149 43 1114 2 279 915 57 152 426 496 122 8 32 207 72 14 13778 996 45 9 523 215 96 1145 372 132 921 28545 10 627 711 686 56 41 68 99 10 0

0.56 0.50 0.04 0.06 0.09 0.12 25.93 1.07 1.06 0.84 0.42 0.12 0.18 0.05 0.05 0.06 0.28 0.39 0.15 0.18 0.76 0.29 0.36 0.15 0.18 2.83 2.10 0.21 0.26 0.08 0.06 0.09 0.07 0.20 0.20 0.31 0.50 0.32 0.38 2.75 3.33 0.05 0.02 0.05 0.06 3.10 4.31 0.19 0.00 372.62 0.20 0.22 0.12 0.00 0.08 0.06 0.67 0.52 0.22 0.04 0.02 6.18 4.93 0.20 0.25 0.18 0.08 0.06 0.07 0.77 1.05 0.18 0.94 1.26 1.57 0.07 0.49 2.23 0.19 0.24 1.30 1.81 0.04 0.04 0.00 0.14 0.20 0.24 0.33 0.26 0.04 0.07 0.40 0.25 0.00

Last

12-month Change

0.34 0.44 0.19 0.23 0.04 0.03 0.58 0.51 1.63 unch 1.31 0.04 + 0.03 +

High Low

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

0.39 0.54 0.46 0.54 3.00 0.22 2.01 4.09 3.13 2.47 0.04 0.03

0.18 0.23 0.16 0.21 0.04 0.03 0.58 0.13 1.09 0.83 0.01 0.00

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

0.08 0.09 0.05 0.77 0.71 0.16 0.02 0.03 0.03 0.08 0.00 0.13 0.10 0.01 0.01 0.00 0.00 0.02 0.03 0.05 0.03 0.56 0.02 0.03 0.07 0.05 0.00 0.03 0.00 0.04 0.04 0.05 0.06 0.06 0.00 0.00 0.06 0.05 0.35 0.20 0.04 0.03 0.04 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.06 0.03 1.10 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.02 0.01 0.01 0.03 0.63 0.15 0.09 0.02 0.01 0.01 0.22 0.15

1.50 1.85 0.95 42.40 50.45 0.50 0.77 0.66 0.89 0.60 0.09 18.71 22.96 0.18 0.23 0.18 0.24 0.75 0.61 0.45 0.35 7.25 0.42 0.50 1.47 1.00 0.01 0.99 0.65 1.00 0.73 1.82 0.90 1.00 0.20 0.28 2.39 1.80 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.20 0.28 0.22 0.28 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.20 0.49 0.63 1.19 0.91 1.05 12.93 13.11 16.07 0.07 0.08 0.07 5.73 5.76

0.24 0.30 0.00 18.13 23.47 0.02 0.25 0.26 0.62 0.21 0.00 12.91 8.90 0.10 0.11 0.08 0.10 0.18 0.14 0.15 0.10 0.32 0.17 0.00 0.44 0.35 0.00 0.27 0.21 0.35 0.30 0.92 0.43 0.01 0.02 0.11 1.00 0.80 8.33 6.30 0.12 0.09 0.14 0.05 0.06 0.17 0.04 0.05 0.04 0.05 0.03 0.04 0.38 0.50 0.65 2.66 2.80 0.09 0.11 0.45 0.04 0.06 0.18 0.28 0.72 0.54 0.57 9.11 5.00 6.68 0.00 0.03 0.00 1.61 1.65

0.00 0.55 + 0.43 0.43 0.04 0.04 0.00 0.06 + 0.05 0.09 + 0.09 0.12 + 23.09 24.28 0.00 1.02 0.97 0.99 + 0.78 0.80 0.37 0.37 0.12 0.12 unch 0.13 0.13 0.05 0.05 0.04 0.05 + 0.06 0.06 + 0.28 0.28 + 0.33 0.36 0.00 0.13 0.15 0.18 unch 0.64 0.64 0.26 0.27 0.33 0.33 0.13 0.13 + 0.14 0.14 2.48 2.52 0.00 2.04 + 0.18 0.19 0.22 0.25 + 0.08 0.08 0.06 0.06 0.06 0.06 0.07 0.07 unch 0.15 0.18 + 0.15 0.19 + 0.29 0.29 0.24 0.25 0.29 0.29 0.36 0.36 2.51 2.58 3.15 3.25 0.04 0.04 0.02 0.02 0.03 0.04 + 0.05 0.06 + 0.00 3.10 3.80 3.95 0.17 0.17 0.00 0.07 unch 357.36 366.63 + 0.13 0.14 0.16 0.18 0.11 0.11 unch 0.00 2.75 unch 0.07 0.07 0.00 0.06 + 0.57 0.58 0.46 0.46 0.22 0.22 unch 0.03 0.04 + 0.01 0.02 unch 5.76 5.84 4.56 4.62 0.18 0.20 + 0.23 0.25 + 0.15 0.17 unch 0.06 0.06 0.05 0.05 0.03 0.03 0.71 0.72 0.90 0.90 0.13 0.18 + 0.00 0.85 1.09 1.13 1.38 1.41 0.06 0.07 unch 0.00 0.49 + 2.15 2.20 + 0.16 0.17 0.21 0.21 1.16 1.30 + + 1.00 1.04 0.00 0.03 0.00 0.04 0.00 0.00 0.14 0.14 unch 0.17 0.17 0.21 0.22 unch 0.29 0.32 + 0.23 0.24 + 0.00 0.04 + 0.06 0.06 unch 0.30 0.31 0.00 0.24 0.00 5.00 unch

0.01 0.01 0.00 0.01 0.02 0.01 0.49 0.06 0.02 0.01 0.03 0.00 0.02 0.01 0.00 0.01 0.00 0.04 0.02 0.00 0.07 0.01 0.02 0.02 0.02 0.03 0.04 0.00 0.01 0.01 0.00 0.00 0.00 0.03 0.03 0.01 0.20 0.01 0.01 0.06 0.05 0.01 0.02 0.00 0.01 0.25 0.20 0.01 0.00 3.33 0.00 0.01 0.00 0.00 0.01 0.00 0.05 0.06 0.00 0.01 0.00 0.13 0.19 0.01 0.02 0.00 0.01 0.00 0.04 0.05 0.06 0.03 0.21 0.07 0.06 0.00 0.02 0.02 0.02 0.02 0.07 0.06 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.04 0.04 0.00

0.70 0.54 0.10 0.13 0.14 0.20 31.21 1.66 1.89 1.46 0.65 0.18 0.48 0.11 0.07 0.08 2.00 0.76 1.27 1.65 1.75 0.41 0.54 0.39 0.21 3.68 3.00 0.85 1.11 0.11 0.09 0.10 0.13 0.72 0.22 0.57 0.50 0.42 0.56 3.00 3.61 0.13 0.09 0.08 0.11 4.55 5.85 0.24 0.18 383.71 0.20 0.22 0.25 3.25 0.25 0.12 1.19 0.94 0.27 0.09 0.10 7.78 6.40 0.44 0.57 0.55 0.12 0.09 1.26 1.63 2.15 0.20 1.29 1.71 2.07 0.18 2.00 2.57 0.59 0.75 1.30 1.81 0.08 0.11 0.01 0.28 0.26 0.30 1.17 0.90 0.16 0.21 1.24 1.00

0.23 0.10 0.03 0.05 0.05 0.09 17.88 0.75 0.82 0.66 0.35 0.09 0.11 0.04 0.03 0.05 0.15 0.13 0.10 0.13 0.37 0.19 0.25 0.00 0.04 1.17 0.74 0.06 0.08 0.06 0.04 0.03 0.05 0.13 0.08 0.28 0.24 0.10 0.13 0.65 2.04 0.03 0.02 0.03 0.04 2.19 2.63 0.12 0.05 201.04 0.04 0.05 0.06 1.40 0.03 0.01 0.16 0.12 0.13 0.02 0.00 5.47 4.19 0.18 0.22 0.15 0.05 0.04 0.01 0.71 0.90 0.05 0.43 0.90 1.15 0.05 0.40 1.29 0.15 0.19 0.45 0.63 0.03 0.04 0.00 0.11 0.07 0.10 0.26 0.17 0.04 0.05 0.30 0.23

L 0.94 1.17 0.16 37.44 46.98 0.35 0.68 0.30 0.67 0.47 0.01 15.46 19.42 0.13 0.15 0.00 0.13 0.47 0.40 0.23 0.18 2.75 0.20 0.00 0.60 0.76 0.00 0.27 0.23 0.40 0.32 0.96 0.00 0.00 0.02 0.00 1.14 0.91 16.75 13.37 0.26 0.21 0.34 0.00 0.14 0.29 0.00 0.00 0.04 0.10 0.10 0.13 0.00 0.67 1.20 0.00 0.00 0.17 0.12 0.70 0.07 0.10 0.34 0.48 0.76 0.57 0.66 10.48 8.45 10.86 0.00 0.00 0.01 5.41 5.38

0.97 1.22 0.23 38.95 48.90 0.50 0.69 0.55 0.72 0.48 0.01 16.29 20.50 0.14 0.16 0.11 0.13 0.50 0.40 0.24 0.18 3.81 0.21 0.04 0.61 0.79 0.00 0.27 0.24 0.41 0.32 0.98 0.51 0.42 0.02 0.13 1.20 0.96 18.57 14.81 0.32 0.25 0.38 0.11 0.14 0.32 0.11 0.12 0.06 0.10 0.11 0.14 0.60 0.67 1.28 5.79 7.30 0.20 0.15 0.73 0.08 0.10 0.34 0.49 0.80 0.64 0.66 10.68 8.97 11.28 0.03 0.05 0.02 5.60 5.59

WWW.NORTHERNMINER.COM

AUGUST 16–29, 2021 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.36 0.36 0.46 0.46 0.12 0.12 unch 0.00 0.12 unch 0.04 0.04 unch 0.00 0.06 unch 0.05 0.06 + 0.04 0.04 unch 0.34 0.37 + 0.44 0.47 + 0.00 0.23 0.18 0.18 0.03 0.03 unch 0.00 0.47 + 0.09 0.11 + 0.00 0.18 unch 2.70 2.70 2.22 2.22 unch 0.10 0.11 0.13 0.13 0.18 0.18 0.00 0.31 + 0.09 0.09 0.05 0.06 + 0.04 0.04 0.37 0.37 unch 0.00 0.12 unch 0.69 0.70 unch 0.38 0.40 unch 0.25 0.26 0.30 0.32 unch 2.40 2.73 3.40 3.44 0.43 0.43 0.02 0.02 unch 0.05 0.05 0.07 0.07 unch 0.29 0.29 0.22 0.23 0.00 0.34 0.42 0.42 0.48 0.48 0.59 0.60 0.09 0.09 0.06 0.06 0.22 0.23 0.13 0.15 0.18 0.18 0.00 43.85 0.00 0.00 0.07 0.08 0.09 0.10 0.03 0.03 unch 0.04 0.04 0.00 0.00 0.00 0.22 unch 0.06 0.06 unch 0.41 0.42 unch 0.09 0.09 unch 0.36 0.55 + 0.11 0.11 0.13 0.13 unch 0.06 0.06 0.08 0.08 0.63 0.70 0.87 0.88 0.38 0.38 0.30 0.30 0.00 0.16 unch 0.00 0.12 unch 0.68 0.69 0.00 0.55 0.03 0.03 unch 0.00 0.01 unch 0.00 0.76 0.09 0.09 + 0.10 0.11 0.13 0.14 unch 0.00 0.11 0.35 0.40 + 0.12 0.15 + 0.16 0.18 + 29.62 31.49 + 0.08 0.09 unch 0.16 0.18 + 0.20 0.23 + 0.36 0.38 + 0.00 0.47 unch 0.33 0.34 0.14 0.15 unch 0.19 0.19 unch 0.05 0.05 unch 0.07 0.07 unch 0.23 0.23 unch 0.09 0.10 + 0.07 0.09 +

Meridian Mg * Meridian Mg Meryllion Res Meryllion Res* MetalCorp* MetalCorp Metalex Vent Metalex Vent * Metallic Mnrls* Metallic Mnrls Metallica Met Metallica Met* Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Mich Resources Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millennial Pr Millennium Sil Millrock Res* Millrock Res Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL Minera IRL* Mineral Hill Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech* Mineworx Tech Minfocus Expl* Minfocus Expl Mining Global* Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent Monitor Vent* Montage Gold Montage Gold* Montego Res Monterey Min* Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res* Morien Res Mosaic* Mosaic Min Mountain Boy* Mountain Boy Mountain Prov* Mountain Prov MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

O 255 V 592 C 24 O 0 O 10 V 65 V 105 O 13 O 467 V 424 C 1613 O 15 O 250 V 66 V 518 C 5 V 4 O 3 O 68 V 858 O 143 V 213 O 48 C 222 O 146 C 25 V 150 V 19 C 511 O 36 V 155 O 55 V 814 V 865 V 15 O 187 V 857 V 717 O 575 O 10 T 69 O 392 V 690 C 238 O 77 V 23 O 92 V 304 O 0 O 351083 O 123 V 503 O 25 V 294 O 918827 V 2 V 5 V 91 C 481 V 116 O 20 V 244 O 104 V 504 O 111 T 215 T 877 O 83 V 29 O 42 V 410 O 11 C 50 O 0 C 42 O 114 V 127 V 220 O 19 V 257 O 52 V 134 N 22001 C 408 O 91 V 376 O 193 T 635 C 162 O 71 V 73 O 31 V 398 O 50 C 175 O 40

0.40 0.53 0.12 0.00 0.04 0.06 0.06 0.04 0.40 0.50 0.29 0.23 0.03 0.47 0.11 0.18 3.16 2.22 0.13 0.15 0.21 0.34 0.11 0.06 0.05 0.37 0.12 0.73 0.42 0.28 0.36 2.82 3.49 0.48 0.02 0.07 0.08 0.37 0.29 0.34 0.46 0.54 0.67 0.10 0.08 0.25 0.16 0.19 43.85 0.00 0.08 0.11 0.03 0.05 0.00 0.22 0.06 0.47 0.10 0.55 0.12 0.14 0.08 0.10 0.85 0.95 0.41 0.32 0.16 0.12 0.74 0.59 0.03 0.00 0.91 0.11 0.13 0.15 0.12 0.40 0.16 0.18 31.87 0.10 0.19 0.24 0.40 0.55 0.36 0.15 0.19 0.05 0.07 0.23 0.10 0.09

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* NEO Battery NEO Battery* Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals* New Age Metals New Carolin Gd New Carolin Gd* New Destiny Mg New Egy Min* New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Guinea Gld* New Jersey Mng* New Oroperu New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmont Corp Newmont Corp* Neworigin Gold* Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals NGEx Minerals* Nickel 28 Nickel 28* Nickel Creek* Nickel Creek Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc* Nicola Mg Inc Nighthawk Gold*

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

0.01 29.54 0.32 0.31 21.99 0.00 1.48 0.90 1.19 3.89 0.55 0.73 0.58 0.98 0.19 0.16 0.22 0.38 0.48 0.32 0.10 0.08 0.11 0.15 0.37 0.55 0.09 0.11 0.09 0.07 0.06 0.02 0.09 0.10 10.25 2.16 1.73 0.00 0.32 2.00 5.20 4.21 0.13 0.10 0.33 0.19 0.06 0.08 2.72 0.65 0.52 25.35 19.06 0.50 79.55 63.46 0.09 0.15 0.47 0.03 0.15 0.19 11.05 8.88 5.39 4.31 2.48 0.04 0.05 0.64 0.51 1.14 1.05 0.08 0.09 0.04 0.09 0.07 0.11 0.14 0.78

Last

12-month

High

Change

Stock

0.04 0.05 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.03 0.04 0.04 0.00 0.05 0.02 0.00 0.46 0.00 0.00 0.01 0.03 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.05 0.03 0.00 0.01 0.00 0.05 0.03 0.02 0.01 0.04 0.04 0.01 0.02 0.02 0.01 0.01 0.80 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.18 0.00 0.00 0.01 0.03 0.01 0.01 0.02 0.02 0.00 0.00 0.04 0.04 0.00 0.00 0.14 0.00 0.01 0.00 0.00 0.04 0.02 0.01 0.26 0.00 0.01 0.03 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01

0.67 0.79 0.20 0.12 0.08 0.11 0.13 0.10 0.94 1.30 0.57 0.45 0.04 0.64 0.20 0.30 3.50 2.62 0.20 0.21 0.27 0.59 0.13 0.14 0.11 0.48 0.15 1.10 0.71 0.40 0.42 4.16 5.25 0.74 0.04 0.21 0.27 0.85 0.67 0.55 0.70 0.63 0.78 0.25 0.17 0.30 0.27 0.34 44.65 0.00 0.08 0.18 5.00 0.10 0.00 0.60 0.10 0.69 0.41 0.59 0.12 0.15 0.20 0.30 0.90 1.31 0.48 0.38 0.43 0.37 1.27 0.85 0.04 0.55 8.00 0.86 0.95 0.21 0.16 0.65 0.21 0.25 38.23 0.19 0.52 0.69 0.64 0.82 1.35 0.27 0.35 0.09 0.11 0.60 0.26 0.18

0.14 0.11 0.05 0.00 0.02 0.03 0.03 0.02 0.32 0.41 0.12 0.09 0.01 0.23 0.08 0.08 2.20 1.79 0.03 0.05 0.05 0.18 0.06 0.05 0.04 0.22 0.07 0.65 0.12 0.00 0.18 0.84 1.20 0.40 0.01 0.05 0.07 0.24 0.20 0.32 0.41 0.38 0.48 0.08 0.06 0.13 0.13 0.17 18.30 0.00 0.04 0.05 0.01 0.04 0.00 0.19 0.06 0.36 0.08 0.08 0.06 0.09 0.05 0.06 0.59 0.59 0.12 0.09 0.10 0.09 0.65 0.54 0.01 0.55 0.21 0.06 0.08 0.07 0.00 0.28 0.10 0.13 15.82 0.05 0.13 0.16 0.23 0.31 0.32 0.11 0.15 0.03 0.06 0.22 0.06 0.00

0.00 2.06 0.01 0.02 0.04 0.00 0.10 0.13 0.09 0.33 0.06 0.07 0.10 0.15 0.03 0.04 0.04 0.00 0.01 0.02 0.01 0.00 0.03 0.00 0.05 0.12 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 1.15 0.09 0.08 0.00 0.01 0.02 0.18 0.14 0.01 0.01 0.00 0.01 0.00 0.01 0.12 0.03 0.04 0.20 0.30 0.05 3.09 3.00 0.02 0.00 0.01 0.00 0.02 0.03 0.00 0.01 0.22 0.21 0.17 0.01 0.00 0.03 0.02 0.04 0.03 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.02

0.03 30.71 0.43 0.40 22.16 0.04 5.00 1.31 1.21 3.88 0.61 2.05 1.62 2.00 0.32 0.19 0.25 1.50 0.84 0.53 0.31 0.25 0.18 0.19 0.40 0.55 0.19 0.24 0.11 0.09 0.11 0.10 0.17 0.12 13.50 3.05 2.40 0.01 0.60 3.59 9.02 5.84 0.78 0.80 0.62 0.28 0.10 0.15 4.07 0.92 0.70 31.25 26.35 0.61 95.65 75.31 0.29 0.40 0.60 0.08 0.21 0.28 14.92 12.58 6.08 5.04 5.30 0.12 0.14 0.97 0.71 1.14 2.00 0.24 0.33 0.10 1.18 0.93 0.20 0.25 1.49

0.00 17.95 0.18 0.14 9.84 0.00 1.05 0.08 0.00 0.56 0.05 0.21 0.16 0.11 0.06 0.09 0.12 0.24 0.32 0.22 0.05 0.04 0.05 0.09 0.21 0.20 0.04 0.06 0.04 0.03 0.04 0.00 0.01 0.04 1.24 1.86 1.40 0.00 0.22 1.74 4.28 3.42 0.11 0.05 0.04 0.17 0.02 0.05 1.04 0.56 0.45 22.40 17.81 0.10 68.76 54.18 0.09 0.12 0.34 0.00 0.08 0.10 6.78 5.13 2.12 1.58 0.30 0.03 0.04 0.42 0.29 0.23 0.17 0.05 0.08 0.02 0.06 0.05 0.07 0.10 0.73

Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Nobel29 Res Noble Metal * Noble Metal Noble Mineral Noble Mineral* Noram Vent Noram Vent* Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light Northern Light* Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSJ Gold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nthrn Sphere* Nubian Res Nuinsco Res* Nuinsco Res NuLegacy Gold* NuLegacy Gold Nutrien Nutrien* NV Gold* NV Gold O.T. Mining* O2Gold O3 Mining OceanaGold OceanaGold* Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Olivut Res* Olivut Res Omai Gold Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent* Optimum Vent Optimus Gold Opus One Gold* Opus One Gold Orbite Tech* Orca Gold Orca Gold* Orea Mining* Orea Mining Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold* Orezone Gold Orford Mining Origen Res* Origen Res Original Sixtn* Orla Mining Oroco Res* Oroco Res Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold Outback Gold* Outcrop S&G* Outcrop S&G OZ Minerals*

P2 Gold* P2 Gold Pac Arc Res Pac Bay Mnrls Pac Bay Mnrls* Pac Booker Min Pac Booker Min* Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pacific Empire* Pacific Empire Pacific Silk Pacific Silk* Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource* Palladium One Palladium One* Pampa Metals* Pampa Metals Pan Am Silver Pan Am Silver* Pan Global Res* Pan Global Res Pancontinental* Pancontinental Panex Res* Pangolin Dia Panoro Mnrls* Panoro Mnrls Pantera Silver PanTerra Gold* Pantheon Vent

N-O 69667 106 97 165 16 973 2 3695 263 2327 191 959 56 9 4776 239 459 169 227 47 416 146 528 31 7 926 990 2048 1661 321 37 50 6 320 749 5155 18318 2174 291 13 198 377 328 198 146 106 19 253 64 576 14 3 2 2315 1065 23700 1 81 750 2868 150 709 1 312 6586 3695 135 107 2178 30 1 363 302 1525 579 252 607 535 80 299 120

0.01 25.01 0.29 0.22 20.51 0.00 1.37 0.68 0.52 3.32 0.47 0.58 0.46 0.60 0.17 0.13 0.16 0.34 0.44 0.00 0.06 0.05 0.07 0.15 0.27 0.38 0.08 0.11 0.08 0.06 0.06 0.02 0.00 0.09 8.76 1.90 1.51 0.00 0.30 1.86 4.78 3.82 0.12 0.00 0.30 0.18 0.05 0.00 2.29 0.58 0.47 24.00 0.00 0.45 74.23 59.16 0.09 0.00 0.45 0.02 0.12 0.15 0.00 8.17 4.94 3.92 2.12 0.04 0.04 0.60 0.00 1.04 0.81 0.05 0.08 0.04 0.07 0.06 0.09 0.12 0.75

0.01 27.13 0.30 0.25 21.60 0.00 1.44 0.70 0.55 3.89 0.53 0.62 0.49 0.80 0.17 0.13 0.17 0.36 0.45 0.32 0.07 0.06 0.11 0.15 0.37 0.50 0.08 0.11 0.08 0.06 0.06 0.02 0.09 0.09 8.93 1.95 1.56 0.00 0.31 1.95 5.00 3.99 0.12 0.09 0.30 0.18 0.06 0.07 2.30 0.58 0.47 24.00 19.00 0.45 75.12 59.82 0.09 0.14 0.46 0.02 0.15 0.19 11.05 8.44 5.05 4.03 2.23 0.04 0.05 0.60 0.51 1.06 0.85 0.07 0.08 0.04 0.08 0.07 0.10 0.12 0.75

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

(100s)

High Low

Exc Volume

(100s) Stock

Week

12-month

High

Low

Last

Change

High Low

T 239 V 491 V 18 T 622 O 730 V 470 O 64 V 351 O 49 V 55 V 827 O 48 V 87 O 23 O 92 O 140 O 502 V 7449 V 900 V 41 V 255 V 372 O 148 C 119 O 15 V 194 V 179 O 28 O 25 V 430 O 1942035 O 35 V 31 T 142 C 608 O 62 V 144 V 364 O 12 C 285 O 632 O 51 V 343 V 288 T 1656 O 203 V 147 N 418 T 475 X 3525 T 951 O 60 V 121 O 98 V 0 O 324 V 352 V 105 O 54 O 193 V 2293 V 8 C 504 C 333 T 729 X 13213 O 54 V 149 O 2475 C 4635 O 601 V 1116 T 3630 N 7137 O 153 V 151 O 104 V 652 V 115 T 3903 O 2 V 174 O 5 V 518 O 309 O 68 V 19 V 279 V 855 O 278 C 1543 O 516 V 520 O 35 V 105 O 132 O 3 V 118 V 75 O 0 V 583 O 236 V 184 O 184 O 229 T 325 V 759 V 248 O 171 V 604 O 137 V 605 V 209 O 100 C 910 O 57 T 1474 O 313 V 601 T 273 T 881 V 280 O 382 T 239 O 40 O 77 V 248 O 20 N 2092 T 2320 O 17 V 405 T 1047 O 43 V 421 C 182 O 59 O 436 V 315 O 1

0.96 0.62 0.13 1.32 1.10 0.03 0.02 0.49 0.01 0.02 0.14 0.12 0.54 0.46 0.04 35.23 0.50 0.60 0.07 0.29 0.08 0.48 0.46 0.59 0.02 0.02 0.25 0.22 0.08 0.09 0.00 0.44 0.52 0.05 0.05 0.04 0.02 0.26 0.21 0.28 0.22 0.61 0.78 0.11 0.07 0.05 9.05 7.25 10.05 7.96 2.27 0.01 0.47 0.40 0.00 0.28 0.06 1.09 0.87 0.30 0.34 0.29 0.24 0.13 0.55 0.44 0.00 0.37 0.02 0.03 0.10 0.13 75.67 59.87 0.18 0.20 0.10 0.24 2.25 2.52 1.86 0.20 0.16 0.57 0.49 0.05 0.06 0.15 0.32 0.26 0.08 0.06 0.42 0.33 0.20 0.18 0.43 0.59 0.23 0.00 0.04 0.00 0.57 0.48 0.10 0.12 0.08 0.06 0.10 0.13 1.25 1.51 0.20 0.22 0.28 0.16 5.27 2.46 3.03 7.98 0.36 0.28 0.23 0.43 0.34 1.21 1.34 5.19 13.80 17.33 0.33 0.43 3.22 0.07 0.09 0.36 0.31 0.21 0.26 17.06

0.91 0.58 0.12 1.24 1.00 0.02 0.01 0.39 0.01 0.02 0.12 0.09 0.50 0.40 0.03 34.12 0.43 0.56 0.07 0.24 0.05 0.40 0.42 0.51 0.02 0.02 0.23 0.18 0.07 0.08 0.00 0.37 0.49 0.05 0.04 0.00 0.02 0.22 0.02 0.25 0.20 0.58 0.69 0.10 0.06 0.05 8.28 6.60 9.12 7.27 1.99 0.00 0.42 0.34 0.00 0.17 0.05 1.00 0.79 0.24 0.30 0.24 0.17 0.09 0.51 0.40 0.00 0.36 0.01 0.02 0.09 0.12 72.10 57.53 0.14 0.18 0.08 0.00 2.10 2.18 1.75 0.17 0.14 0.51 0.42 0.03 0.05 0.13 0.25 0.19 0.06 0.06 0.35 0.28 0.16 0.13 0.43 0.53 0.23 0.00 0.04 0.00 0.54 0.43 0.08 0.11 0.07 0.06 0.08 0.11 1.11 1.36 0.19 0.22 0.23 0.08 4.57 2.20 2.75 7.37 0.29 0.00 0.00 0.38 0.31 0.93 1.15 4.85 12.60 15.82 0.33 0.41 2.99 0.06 0.07 0.32 0.00 0.18 0.23 0.00

0.93 0.61 + 0.13 1.27 1.02 0.03 + 0.02 + 0.49 + 0.01 unch 0.02 unch 0.13 unch 0.11 + 0.51 0.42 0.04 + 34.24 0.47 + 0.59 unch 0.07 unch 0.25 0.05 0.44 + 0.43 + 0.54 + 0.02 0.02 unch 0.24 0.20 + 0.07 0.09 0.00 + 0.39 0.51 0.05 unch 0.04 unch 0.04 + 0.02 unch 0.23 0.18 0.25 0.20 0.60 0.74 unch 0.11 + 0.06 unch 0.05 8.43 6.80 9.37 7.47 2.15 0.01 + 0.45 0.35 0.40 unch 0.20 0.05 1.01 0.81 0.24 0.31 0.29 unch 0.21 + 0.09 0.51 0.41 0.00 unch 0.37 + 0.02 0.02 0.10 + 0.13 + 74.74 + 59.50 + 0.15 0.18 0.10 + 0.22 unch 2.18 + 2.30 1.86 + 0.17 0.14 0.54 + 0.43 + 0.04 0.05 0.14 0.28 0.23 + 0.08 + 0.06 + 0.42 + 0.33 + 0.17 0.15 0.43 + 0.53 0.23 unch 0.03 unch 0.04 unch 0.00 0.55 + 0.44 + 0.09 0.11 unch 0.07 unch 0.06 unch 0.09 0.11 1.13 1.43 0.20 + 0.22 unch 0.28 + 0.15 4.64 2.20 2.80 7.75 + 0.29 0.28 + 0.22 + 0.40 0.31 0.97 1.17 4.90 unch 12.75 16.02 0.33 + 0.41 3.04 0.06 0.07 0.36 + 0.31 + 0.18 0.23 16.24 -

0.03 0.02 0.01 0.02 0.03 0.01 0.00 0.09 0.00 0.00 0.00 0.00 0.02 0.04 0.01 0.26 0.00 0.00 0.00 0.04 0.03 0.04 0.01 0.02 0.00 0.00 0.02 0.00 0.01 0.01 0.00 0.05 0.01 0.00 0.00 0.00 0.00 0.04 0.02 0.01 0.02 0.00 0.00 0.01 0.00 0.00 0.32 0.29 0.41 0.35 0.05 0.00 0.02 0.02 0.00 0.07 0.01 0.06 0.06 0.01 0.01 0.00 0.02 0.04 0.03 0.02 0.00 0.02 0.00 0.01 0.00 0.01 0.56 0.10 0.00 0.03 0.00 0.00 0.02 0.13 0.06 0.02 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.07 0.05 0.02 0.01 0.07 0.06 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.07 0.03 0.01 0.00 0.03 0.01 0.62 0.18 0.19 0.10 0.06 0.05 0.03 0.01 0.01 0.05 0.11 0.00 0.89 0.99 0.00 0.01 0.14 0.01 0.02 0.04 0.04 0.01 0.01 0.82

1.98 1.19 0.28 2.08 1.65 0.08 0.06 0.77 0.02 0.03 0.21 0.17 1.25 0.99 0.15 38.21 0.50 0.60 0.21 0.39 0.17 0.76 2.07 2.78 0.12 0.05 0.39 0.33 0.10 0.15 0.00 0.83 1.03 0.10 0.11 0.07 0.04 0.42 0.40 0.45 0.36 0.91 1.06 0.23 0.12 0.09 27.40 17.24 16.16 12.10 4.00 0.04 0.70 0.55 0.69 0.35 0.18 1.55 1.26 0.57 0.72 0.69 0.37 0.46 2.30 1.76 0.05 0.69 0.05 0.05 0.19 0.24 79.67 65.93 0.34 0.44 0.17 0.38 3.68 3.79 2.74 0.32 0.25 0.79 0.67 0.11 0.11 0.30 0.70 0.55 0.16 0.13 0.65 0.54 0.31 0.24 0.36 0.60 0.35 0.08 0.12 0.03 0.93 0.75 0.19 0.21 0.26 0.16 0.24 0.31 1.39 1.70 0.24 0.25 0.55 0.25 7.35 3.02 3.66 7.98 0.70 0.44 0.31 0.54 0.39 1.40 1.65 10.10 15.12 18.40 0.42 0.52 4.85 0.09 0.10 1.55 1.22 0.40 0.88 21.04

0.90 0.51 0.12 0.69 0.53 0.02 0.01 0.31 0.00 0.01 0.07 0.05 0.12 0.09 0.00 23.23 0.11 0.15 0.04 0.24 0.06 0.16 0.39 0.47 0.01 0.02 0.08 0.06 0.03 0.05 0.00 0.36 0.48 0.03 0.04 0.03 0.01 0.10 0.00 0.21 0.17 0.40 0.49 0.10 0.06 0.04 1.80 5.97 9.34 7.47 1.90 0.00 0.18 0.14 0.30 0.03 0.03 0.46 0.36 0.20 0.28 0.19 0.16 0.03 0.39 0.31 0.00 0.29 0.00 0.01 0.08 0.11 46.39 34.65 0.13 0.17 0.02 0.18 2.05 1.58 0.00 0.15 0.11 0.35 0.28 0.03 0.04 0.13 0.15 0.12 0.06 0.05 0.12 0.09 0.14 0.11 0.28 0.33 0.12 0.02 0.03 0.00 0.45 0.35 0.06 0.08 0.06 0.05 0.08 0.11 0.61 0.81 0.13 0.22 0.12 0.06 3.84 0.50 0.67 2.28 0.07 0.20 0.02 0.22 0.18 0.81 1.01 0.33 9.77 12.39 0.27 0.35 2.68 0.03 0.04 0.25 0.24 0.15 0.20 9.67

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

0.35 0.42 0.19 0.16 0.00 2.35 0.00 0.05 0.20 0.15 0.04 0.05 0.00 0.03 0.65 0.38 0.33 0.26 0.05 0.02 0.28 0.23 0.33 0.44 36.07 28.75 0.56 0.70 0.12 0.15 0.00 0.02 0.10 0.12 0.17 0.05 0.21

0.30 0.35 + 0.39 0.42 + 0.15 0.15 0.16 0.16 unch 0.00 0.09 unch 0.00 2.25 0.00 1.83 unch 0.05 0.05 unch 0.15 0.17 0.00 0.14 0.04 0.04 unch 0.05 0.05 unch 0.00 0.03 unch 0.03 0.03 unch 0.62 0.62 0.34 0.35 0.31 0.31 0.25 0.25 0.04 0.04 0.01 0.01 0.23 0.24 0.18 0.18 0.27 0.29 0.34 0.34 32.97 33.59 26.27 26.74 0.54 0.54 0.67 0.68 0.12 0.12 + 0.14 0.15 + 0.00 0.00 0.00 0.02 unch 0.00 0.08 0.11 0.11 0.16 0.16 unch 0.05 0.05 unch 0.18 0.18 -

0.05 0.02 0.03 0.00 0.00 0.15 0.00 0.00 0.03 0.02 0.00 0.00 0.00 0.00 0.03 0.04 0.01 0.00 0.01 0.02 0.02 0.03 0.07 0.07 1.44 1.33 0.02 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.02

0.50 0.74 0.26 0.19 0.10 3.75 3.10 0.08 0.33 0.30 0.16 0.21 0.06 0.04 1.81 0.47 0.37 0.36 1.82 0.10 0.40 0.49 1.07 0.72 53.30 40.11 0.68 0.84 0.20 0.20 0.01 0.05 0.18 0.23 0.29 0.07 1.02

0.23 0.30 0.15 0.09 0.08 1.33 1.04 0.02 0.05 0.04 0.04 0.05 0.02 0.01 0.61 0.08 0.16 0.13 0.04 0.00 0.09 0.06 0.27 0.33 32.94 25.86 0.00 0.29 0.06 0.08 0.00 0.02 0.05 0.09 0.14 0.01 0.05

P-Q 103 336 141 23 0 4 0 214 271 239 5 106 1 1 141 1952 107 100 690 369 984 161 63 344 1831 6938 41 134 35 837 395 7 22 688 105 4 2130

Exc Volume

Week Low

0.28 0.32 0.86 0.87 0.02 0.02 unch 0.13 0.17 + 0.00 0.04 unch 0.00 0.87 + 1.04 1.08 + 0.14 0.14 + 0.09 0.11 + 10.88 12.35 + 0.04 0.04 unch 0.02 0.03 0.09 0.09 unch 0.13 0.13 unch 0.00 0.10 0.07 0.07 6.45 6.81 5.13 5.43 1.44 1.45 0.04 0.05 unch 0.00 0.03 0.00 0.08 0.00 0.11 0.06 0.06 0.09 0.10 0.50 0.52 0.65 0.65 0.12 0.12 unch 0.91 0.91 0.36 0.36 0.00 0.30 0.31 0.32 0.38 0.41 + 0.20 0.21 + 0.00 92.26 + 0.18 0.18 + 0.05 0.05 + 0.00 0.04 unch 3.67 3.76 2.92 2.98 0.03 0.03 0.16 0.17 + 0.12 0.13 + 3.05 3.20 + 3.83 4.03 + 0.00 0.00 unch 0.09 0.09 0.06 0.07 + 0.05 0.05 unch 0.00 0.07 0.13 0.20 + 0.17 0.24 + 0.01 0.01 unch 0.09 0.10 + 0.06 0.08 + 8.84 9.00 11.10 11.31 0.08 0.10 + 0.00 0.06 unch 2.83 2.94 3.53 3.57 0.08 0.08 0.22 0.26 0.07 0.08 + 1.43 1.53 1.75 1.91 0.25 0.25 unch 0.31 0.34 + 0.25 0.29 3.00 5.60 + 0.27 0.27 0.46 0.46 unch 1.49 1.50 0.29 0.29 unch 0.13 0.13 0.08 0.08 unch 0.06 0.06 + 0.00 0.19 0.00 0.15 unch 0.01 0.02 0.25 0.33 + 0.32 0.39 + 0.01 0.02 + 0.95 1.04 1.18 1.30 0.95 1.07 + 1.26 1.33 + 0.09 0.10 0.13 0.13 unch 0.14 0.17 + 0.17 0.18 0.13 0.14 0.17 0.17 0.22 0.23 0.13 0.13 unch 0.10 0.10 0.23 0.23 0.29 0.29 0.09 0.09 0.00 0.08 + 1.90 2.55 0.28 0.31 + 0.00 0.25 + 0.11 0.11 0.08 0.08 0.20 0.25 0.07 0.09 0.01 0.01 + 0.81 0.83 unch

Para Resources V Paramount Gold* X Paringa Res* O Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls C Peloton Mnrls* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petrolympic* O Petrolympic V Phenom Res* O Phenom Res V Philex Mng* O Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Platinex Inc C Platinex Inc* O Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portex Mnrls* O Portofino Res V Portofino Res* O Power Group* O Power Group V Power Metals* O Power Metals V PPX Mining* O Precipitate Gl V Precipitate Gl* O Pretium Res* N Pretium Res T Prime Meridian V Prime Meridia* O Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet* O Prog Planet V Project One C Promithian Gl * O Prophecy Pot C Prospect Ridge C Prosper Gold V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V Quadro Res V Quadro Res* O Quantum Batt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C Quest Rare Mnl* O Questex Gold V

236 551 100 3672 3 21 91 95 135 29425 361 84 336 92 162 11 225 304 193 868 124 18 104 220 213 157 196 63 4 63 34 55 758 142 3 40 73 3 204 1950 460 299 45 501 20 2 232 131 6 110 650 947 224 128 201 4224 1578 475 0 40 491 448 90 53 135 379 3 155 628 8 47 30 191 1 1152 118 28 114 0 2411 40 1117 67 90 27 611 2175 3636 2 41 1647 798 51 40 168 20 588 633 202 33 379 277 100 964 1118 2143 1507 285 127

0.35 0.93 0.03 0.18 0.00 0.88 1.15 0.14 0.12 12.52 0.04 0.03 0.09 0.14 0.10 0.09 7.52 5.99 1.56 0.05 0.03 0.10 0.12 0.08 0.10 0.56 0.71 0.12 1.20 0.39 0.32 0.32 0.41 0.23 100.79 0.18 0.05 0.00 3.98 3.20 0.04 0.17 0.16 3.26 4.03 0.00 0.10 0.08 0.05 0.09 0.21 0.25 0.50 0.10 0.08 9.99 12.53 0.10 0.00 3.16 4.05 0.09 0.27 0.08 1.58 2.03 0.25 0.35 0.32 6.50 0.28 0.46 1.73 0.29 0.16 0.08 0.06 0.21 0.00 0.02 0.33 0.42 0.02 1.09 1.39 1.19 1.50 0.11 0.13 0.17 0.21 0.16 0.19 0.24 0.17 0.12 0.26 0.33 0.10 0.08 3.38 0.33 0.25 0.15 0.12 0.37 0.14 0.01 0.87

Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Recharge Res* Recharge Res Red Eagle Mng* Red Moon Res Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revival Gold * Revival Gold Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rockwealth Res* Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals Rover Metals* Royal Fox Gold

562 215 122 240 122 75 0 467 1011 1 147 1 2335 3243 775 546 301 2 725 712 844 16 512 858 175 223 178 395 442 11 25 52 762 784 66 200 278 198 5 12228 0 1579 1179 78 52 339 140 7 12 445 29 162 17 342 21 251 54 272 166 176 639 38 150 1 13 1563 91 431 276 117 454 945 36 348 34 2670

0.28 0.28 0.09 0.31 3.57 0.15 0.00 1.68 0.04 0.16 0.20 0.08 0.10 0.01 0.86 0.50 0.79 0.25 0.07 0.09 0.06 0.00 0.05 0.07 0.58 0.73 0.16 0.72 0.84 1.30 0.05 0.60 0.07 0.09 0.34 0.42 0.06 0.05 89.06 89.39 100.31 0.73 0.65 0.52 0.64 0.18 0.15 0.14 0.17 0.43 0.05 0.08 4.42 5.54 0.06 0.08 0.03 0.09 0.12 0.24 0.12 0.16 0.12 0.07 0.09 0.99 0.45 0.52 0.05 0.04 0.32 0.41 0.12 0.09 0.07 0.07

Last

12-month

High

Change

Stock

0.02 0.03 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.64 0.00 0.00 0.00 0.00 0.01 0.01 0.28 0.26 0.08 0.00 0.00 0.00 0.01 0.02 0.01 0.03 0.04 0.00 0.09 0.02 0.01 0.00 0.02 0.01 0.00 0.01 0.01 0.00 0.12 0.14 0.01 0.01 0.01 0.13 0.20 0.00 0.01 0.00 0.00 0.02 0.06 0.07 0.00 0.01 0.00 0.33 0.32 0.01 0.00 0.17 0.26 0.01 0.01 0.01 0.04 0.08 0.00 0.02 0.02 2.60 0.01 0.00 0.10 0.00 0.03 0.00 0.00 0.01 0.00 0.00 0.08 0.07 0.00 0.03 0.09 0.02 0.02 0.02 0.00 0.02 0.02 0.01 0.01 0.01 0.00 0.01 0.02 0.03 0.01 0.00 0.65 0.01 0.07 0.03 0.03 0.02 0.01 0.00 0.00

0.74 1.59 0.03 0.84 0.09 4.40 5.88 0.50 0.23 12.40 0.09 0.06 0.20 0.27 0.15 0.12 20.40 9.45 1.56 0.10 0.10 0.14 0.17 0.12 0.15 1.10 0.85 0.14 1.20 0.55 0.55 0.36 0.45 0.42 128.00 0.25 0.09 0.07 8.00 6.27 0.05 0.30 0.23 6.38 8.30 0.03 0.25 0.25 0.10 0.16 0.38 0.47 0.50 0.37 0.28 14.55 19.13 0.17 0.14 3.64 4.58 0.14 0.88 0.15 1.58 2.03 0.37 0.50 0.60 13.50 0.52 0.55 2.40 0.78 0.17 0.20 0.17 1.50 0.85 0.08 0.31 0.40 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.33 0.50 0.30 0.47 0.60 0.33 0.25 5.85 0.33 0.25 0.30 0.25 0.37 0.27 0.06 1.37

0.25 0.87 0.00 0.06 0.01 0.14 1.00 0.09 0.03 0.80 0.03 0.02 0.09 0.12 0.08 0.06 6.62 5.29 0.99 0.04 0.00 0.02 0.04 0.02 0.03 0.25 0.34 0.05 0.40 0.06 0.27 0.11 0.15 0.20 88.00 0.10 0.04 0.04 2.26 1.70 0.03 0.10 0.00 2.65 3.28 0.00 0.09 0.05 0.02 0.04 0.13 0.17 0.00 0.08 0.06 8.80 11.16 0.06 0.05 1.01 1.32 0.03 0.19 0.07 0.95 1.26 0.04 0.05 0.18 2.50 0.10 0.20 0.50 0.28 0.07 0.07 0.00 0.17 0.00 0.01 0.08 0.10 0.01 0.06 0.54 0.84 1.06 0.04 0.12 0.13 0.07 0.12 0.15 0.20 0.12 0.09 0.07 0.12 0.07 0.05 0.55 0.12 0.10 0.06 0.04 0.10 0.05 0.00 0.47

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

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

0.02 0.03 0.00 0.01 0.47 0.01 0.00 0.15 0.00 0.00 0.00 0.00 0.01 0.00 0.08 0.04 0.03 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.04 0.04 0.01 0.03 0.04 0.07 0.00 0.04 0.00 0.01 0.02 0.03 0.01 0.00 1.69 1.34 2.43 0.03 0.03 0.03 0.04 0.02 0.00 0.02 0.01 0.01 0.00 0.03 0.42 0.67 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.03 0.02 0.02 0.01 0.00 0.03 0.04 0.01 0.01 0.00 0.01

0.40 0.36 0.12 0.40 14.50 0.18 2.00 4.13 0.12 0.25 0.49 0.13 0.19 0.01 1.42 0.95 1.74 0.37 1.00 0.12 0.13 0.00 0.10 0.14 1.03 1.30 0.25 1.35 1.74 1.70 0.08 0.77 0.18 0.23 0.61 0.74 0.11 0.09 94.42 95.97 108.00 1.03 0.85 0.83 1.02 0.54 0.40 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.10 0.14 0.09 0.17 0.22 0.29 0.23 0.20 1.00 0.10 0.16 1.93 0.60 0.76 0.07 0.06 0.80 0.64 0.33 0.13 0.12 0.12

0.23 0.21 0.05 0.15 0.51 0.08 0.00 0.47 0.03 0.06 0.15 0.03 0.04 0.00 0.06 0.30 0.70 0.15 0.01 0.05 0.05 0.00 0.04 0.06 0.46 0.60 0.15 0.55 0.69 0.15 0.04 0.29 0.04 0.06 0.29 0.23 0.05 0.03 55.15 55.39 63.85 0.65 0.52 0.38 0.49 0.15 0.12 0.11 0.15 0.30 0.04 0.05 0.44 0.55 0.04 0.06 0.02 0.02 0.10 0.11 0.10 0.02 0.04 0.06 0.07 0.11 0.17 0.23 0.04 0.03 0.20 0.33 0.11 0.06 0.04 0.06

S2 Minerals Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res Sable Res* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold Seahawk Gold* Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Mtls* Sego Res Select Sands Sentinel Res Sentinel Res* Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Grail Silver One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Valley Silver Valley* Silver Viper Silver Viper* Silver Wolf Silver Wolf* Silver X* Silver X Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverton Met Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res* Skeena Res SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn* Slave Lake Zn Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Spey Resources Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold*

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

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

0.25 0.25 0.24 0.24 0.08 0.08 unch 0.28 0.29 2.95 3.10 0.14 0.14 0.00 0.33 unch 1.50 1.53 0.04 0.04 unch 0.16 0.16 unch 0.19 0.20 unch 0.08 0.08 unch 0.09 0.10 + 0.00 0.00 0.72 0.72 0.41 0.45 0.72 0.78 + 0.25 0.25 unch 0.05 0.06 0.07 0.08 0.05 0.05 unch 0.00 0.00 unch 0.05 0.05 0.06 0.06 unch 0.51 0.56 + 0.64 0.69 + 0.15 0.15 0.58 0.65 + 0.72 0.82 + 1.21 1.21 0.05 0.05 unch 0.53 0.54 0.05 0.06 0.07 0.07 0.29 0.31 0.37 0.37 0.05 0.06 0.04 0.04 + 0.00 85.11 84.27 84.97 0.00 100.31 + 0.67 0.67 0.53 0.54 0.46 0.49 0.00 0.60 0.16 0.17 0.13 0.13 0.12 0.12 0.00 0.17 + 0.40 0.40 0.05 0.05 0.00 0.08 + 3.45 4.32 + 4.67 5.54 + 0.06 0.06 unch 0.07 0.07 0.03 0.03 unch 0.02 0.08 0.11 0.12 + 0.18 0.19 + 0.11 0.12 0.00 0.16 + 0.09 0.09 unch 0.07 0.07 unch 0.09 0.09 unch 0.74 0.75 0.39 0.39 0.48 0.49 0.04 0.04 0.03 0.03 0.27 0.28 0.34 0.35 0.12 0.12 + 0.08 0.08 0.00 0.06 unch 0.06 0.06 -

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

10 1172 175 150 0 272 190 50 13 1120 68 206 228 22 65 11

0.05 122.27 0.01 0.30 0.00 0.07 0.05 0.00 0.14 0.15 0.04 0.05 6.08 4.90 0.06 0.04

0.04 0.04 114.11 116.06 0.01 0.01 unch + 0.26 0.29 0.00 0.07 unch + 0.06 0.07 0.00 0.05 unch 0.00 0.08 unch 0.14 0.14 unch + 0.12 0.14 + 0.03 0.04 0.04 0.04 + 5.80 5.94 + 4.64 4.72 0.05 0.05 unch + 0.00 0.04

14 468 2907 261 318 479 97 352 242 168 180 10 629 4 3512 143 410 120 82 116 4670 969 1405 137 2087 459 133 8 67 2530 1 742 219 497 579 240 320 44 99 593 0 11 235 814 5 201 361 73 1 63 243 5 1264 1087 73 4 50 0 2117 8 1 11321 631 79 893 575 80 148 353 3190 982 923 505 15 345 70 126 70 35 853 2451 188 643 993 0 3 13 329 113 552 642 383 1726 323 33 614 237 88 18 68 1024 1772 4815 2677 993 17 142 31 382 995 32 317 18 124 514 65 193 100 836 252 61 198 7 219 1180 2023 1307 532 641 44 618 17 1806 264 359 813 1040 663 989 271 89 15 4725 55 30 1016 902 25 50 365 849 1027 2292 80 106 56 4743 1208 2502 4097 446 419 8023 3043 373 3090 1658 128 40

0.17 1.52 1.90 0.26 0.21 0.01 1.25 0.19 0.16 0.29 0.37 0.59 0.17 0.13 0.00 0.13 0.09 0.07 0.19 0.23 8.05 10.08 0.45 0.23 0.00 0.76 0.63 0.11 0.14 0.13 0.28 0.04 0.18 0.22 0.12 0.09 0.91 1.70 0.19 0.23 0.00 0.63 23.26 18.56 0.89 0.71 0.22 0.18 0.05 0.02 0.07 0.00 0.10 0.06 0.39 0.31 1.20 0.00 0.53 0.12 3.85 17.97 0.17 0.08 0.10 0.12 0.60 0.74 3.91 3.12 8.61 0.13 0.15 0.09 0.10 1.13 1.36 0.90 0.74 0.21 0.25 0.23 0.57 0.48 0.00 0.12 0.19 0.11 0.15 0.15 0.19 0.05 0.07 0.30 0.22 0.72 0.54 0.32 0.23 0.36 0.39 6.32 5.04 8.98 11.25 0.10 0.48 0.08 0.11 0.17 0.13 0.08 0.06 13.35 16.49 0.17 0.13 0.10 0.39 0.30 0.06 0.07 0.13 0.17 0.37 0.16 0.51 0.42 15.20 0.42 0.50 0.73 0.61 0.12 0.32 0.39 0.03 0.06 0.08 0.18 0.15 2.18 67.57 0.20 0.21 0.40 0.35 0.22 0.04 0.05 0.23 0.18 0.12 0.11 0.19 0.15 0.13 0.10 0.28 0.02 0.19 0.65 17.63 22.14 0.12 0.33 0.26 4.00 3.50

High Low

0.01 5.46 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.02 0.00 0.01 0.13 0.07 0.00 0.00

0.07 147.64 0.06 0.43 1.00 0.29 0.20

0.01 99.32 0.00 0.25 0.06 0.06 0.05

0.23 0.17 0.07 0.08 6.20 5.49 0.14 0.09

0.11 0.07 0.01 0.02 2.66 1.85 0.03 0.02

0.00 0.16 0.16 0.03 0.02 0.00 0.01 0.02 0.00 0.02 0.02 0.02 0.02 0.00 0.00 0.01 0.02 0.01 0.00 0.02 0.52 0.58 0.07 0.03 0.00 0.07 0.04 0.01 0.03 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.09 0.04 0.02 0.03 0.00 0.04 0.43 0.43 0.00 0.00 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.05 0.02 0.02 0.83 0.01 0.01 0.00 0.00 0.00 0.09 0.41 0.35 0.97 0.01 0.01 0.00 0.01 0.02 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.00 0.00 0.00 0.04 0.04 0.01 0.00 0.01 0.00 0.00 0.07 0.04 0.11 0.10 0.03 0.01 0.02 0.04 0.33 0.32 0.36 0.37 0.00 0.07 0.01 0.01 0.02 0.01 0.01 0.00 1.02 1.36 0.01 0.02 0.01 0.03 0.03 0.00 0.00 0.00 0.02 0.02 0.04 0.06 0.06 0.50 0.02 0.05 0.01 0.01 0.00 0.04 0.05 0.00 0.01 0.01 0.01 0.01 0.04 0.23 0.00 0.00 0.04 0.03 0.00 0.00 0.01 0.03 0.03 0.00 0.01 0.00 0.14 0.03 0.02 0.00 0.01 0.04 0.12 0.29 0.48 0.01 0.01 0.01 0.18 0.02

0.30 2.80 3.54 0.40 0.36 0.05 1.56 0.24 0.19 0.32 0.40 0.59 0.21 0.17 0.04 0.30 0.40 0.32 0.31 0.40 10.27 13.60 0.58 0.47 0.02 1.24 0.92 0.14 0.19 0.22 2.00 0.09 0.28 0.35 0.22 0.16 0.98 2.88 0.38 0.48 0.56 0.80 29.00 22.86 1.05 1.24 0.37 0.40 0.10 0.07 0.12 0.25 0.16 0.10 2.55 0.66 2.06 1.56 0.70 0.20 7.72 20.68 0.22 0.14 0.17 0.35 0.71 1.07 4.92 3.92 8.20 0.20 0.22 0.18 0.23 1.25 1.55 2.29 2.51 0.46 0.59 0.35 0.94 0.75 1.00 0.34 0.40 0.29 0.30 0.37 0.49 0.48 0.12 0.35 0.28 0.85 0.77 0.60 0.51 0.68 0.90 11.62 8.91 12.88 16.37 0.30 1.00 0.20 0.26 0.34 0.27 0.09 0.07 13.60 16.49 0.50 0.25 0.21 0.60 0.48 0.11 0.16 0.38 0.43 0.75 0.25 0.78 0.64 15.20 0.56 0.72 1.56 1.25 0.16 0.32 0.39 0.06 0.13 0.18 0.31 0.25 2.39 83.29 0.49 0.87 0.70 0.55 1.39 0.06 0.10 0.77 0.59 0.21 0.16 0.80 0.15 0.27 0.36 0.67 0.03 0.17 1.05 25.32 33.69 0.20 1.19 0.99 6.50 5.16

0.13 1.24 1.60 0.12 0.09 0.00 1.00 0.02 0.01 0.19 0.21 0.18 0.11 0.08 0.00 0.11 0.07 0.00 0.14 0.20 5.96 7.57 0.22 0.18 0.00 0.35 0.28 0.08 0.10 0.08 0.20 0.03 0.08 0.11 0.10 0.07 0.10 0.57 0.12 0.18 0.26 0.33 19.45 15.38 0.29 0.26 0.04 0.01 0.03 0.01 0.06 0.00 0.03 0.02 0.22 0.09 1.05 0.00 0.17 0.09 2.53 10.26 0.02 0.04 0.05 0.06 0.56 0.68 1.84 1.38 2.05 0.03 0.05 0.00 0.08 0.46 0.61 0.80 0.60 0.13 0.17 0.13 0.48 0.37 0.46 0.12 0.15 0.02 0.12 0.12 0.16 0.03 0.05 0.04 0.05 0.33 0.24 0.13 0.13 0.00 0.37 5.73 4.58 7.06 9.03 0.01 0.35 0.07 0.09 0.12 0.09 0.05 0.03 10.19 8.76 0.14 0.11 0.08 0.15 0.11 0.04 0.06 0.13 0.06 0.19 0.05 0.10 0.07 1.67 0.28 0.35 0.41 0.31 0.06 0.14 0.16 0.03 0.05 0.06 0.04 0.02 1.43 43.26 0.15 0.19 0.30 0.23 0.01 0.03 0.04 0.19 0.14 0.04 0.02 0.17 0.13 0.05 0.03 0.08 0.02 0.05 0.41 13.68 17.29 0.05 0.05 0.04 0.10 0.07

S 0.15 1.33 1.67 0.21 0.16 0.00 1.20 0.15 0.09 0.00 0.34 0.18 0.16 0.12 0.00 0.11 0.07 0.06 0.00 0.00 7.01 8.81 0.34 0.18 0.00 0.64 0.51 0.09 0.11 0.12 0.28 0.04 0.14 0.18 0.10 0.07 0.75 0.62 0.16 0.20 0.00 0.59 21.43 17.12 0.89 0.71 0.17 0.13 0.00 0.02 0.06 0.00 0.10 0.06 0.37 0.29 1.16 0.00 0.44 0.00 0.00 16.31 0.14 0.00 0.09 0.09 0.58 0.62 3.43 2.73 7.20 0.09 0.12 0.07 0.09 0.97 1.24 0.80 0.65 0.17 0.22 0.15 0.50 0.40 0.00 0.00 0.15 0.06 0.12 0.12 0.17 0.04 0.06 0.19 0.18 0.49 0.39 0.26 0.20 0.27 0.34 5.52 4.41 7.85 9.84 0.10 0.35 0.07 0.09 0.14 0.00 0.07 0.00 11.78 14.78 0.15 0.11 0.09 0.33 0.26 0.05 0.07 0.13 0.15 0.27 0.11 0.42 0.33 13.91 0.35 0.00 0.00 0.56 0.10 0.26 0.33 0.03 0.06 0.07 0.16 0.12 0.00 63.78 0.17 0.20 0.34 0.27 0.00 0.04 0.04 0.19 0.15 0.11 0.07 0.18 0.00 0.09 0.08 0.23 0.00 0.15 0.50 16.08 19.98 0.10 0.26 0.19 3.62 2.89

0.15 unch 1.36 1.74 0.21 0.17 0.00 unch + 1.22 0.17 0.13 + 0.29 + 0.37 0.18 + 0.17 0.12 0.00 0.13 + 0.09 + 0.07 + 0.18 + 0.23 7.34 9.24 0.35 0.18 0.00 0.65 0.53 0.09 0.11 0.12 0.28 unch + 0.04 + 0.17 + 0.21 + 0.12 + 0.09 0.78 0.66 0.16 0.20 0.45 unch 0.59 22.16 17.68 0.89 unch 0.71 0.18 0.15 0.05 0.02 unch 0.07 unch 0.00 unch 0.10 unch + 0.06 0.37 0.30 1.16 unch 0.87 unch 0.44 + 0.12 3.81 16.53 0.15 + 0.07 0.09 unch 0.09 unch 0.59 unch 0.64 + 3.88 + 3.12 + 8.60 0.11 0.14 0.07 + 0.09 1.03 1.30 unch 0.83 0.66 0.19 0.23 0.19 unch 0.52 0.42 0.59 unch 0.12 unch 0.15 + 0.10 0.14 0.13 0.17 0.04 0.06 unch + 0.28 + 0.22 0.51 0.40 0.27 0.23 0.28 0.34 5.87 4.66 8.30 10.43 0.10 unch + 0.48 0.07 + 0.10 0.15 0.12 0.07 0.06 12.16 15.10 0.16 0.12 0.09 0.35 0.27 0.06 0.07 unch + 0.13 + 0.17 0.33 0.12 0.44 0.34 14.25 0.35 0.45 + 0.73 + 0.59 0.12 unch 0.27 0.33 0.03 unch 0.06 0.07 0.16 + 0.14 + 2.18 65.41 + 0.17 0.20 unch 0.36 0.28 0.19 unch 0.04 unch 0.04 0.19 0.15 0.11 unch 0.09 0.18 unch 0.00 0.10 0.08 0.25 unch 0.02 0.15 + 0.63 + 16.55 + 20.79 0.11 + 0.27 + 0.22 3.80 + 3.11

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / AUGUST 16–29, 2021

Week

Exc Volume

Low

0.00 0.75 0.41 0.41 0.04 0.05 + 0.00 4.50 0.21 0.22 0.26 0.29 + 0.01 0.01 0.13 0.14 0.17 0.17 0.04 0.04 0.20 0.20 0.26 0.26 2.34 2.45 + 2.91 3.09 + 0.00 0.03 unch 0.03 0.04 + 0.00 0.05 0.16 0.22 + 0.16 0.18 1.71 1.72 1.35 1.37 0.32 0.33 0.39 0.41 0.00 0.07 + 0.00 0.04 unch 0.17 0.18 0.22 0.23 0.09 0.10 + 0.00 0.00 + 0.20 0.23 + 0.10 0.10 0.12 0.13 0.00 0.00 + 0.25 0.26 + 0.31 0.32 unch 0.01 0.01 unch 0.00 0.22 0.00 0.25 0.17 0.17 0.14 0.15 0.25 0.25 0.20 0.20 0.53 0.58 0.58 0.59 + 0.45 0.46 + 0.27 0.27 unch 0.08 0.08 unch 0.11 0.11 0.82 0.90 1.01 1.13 0.00 0.34 unch 0.52 0.58 + 0.43 0.47 + 18.99 19.68 + 23.81 24.71 + 0.00 0.53 0.65 0.66 0.49 0.51 unch 0.40 0.40 unch 0.15 0.19 0.20 0.22 0.39 0.39 0.30 0.31 0.00 0.01 + 0.23 0.23 unch 1.04 1.13 +

Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal* Sterling Metal Stevens Gold Stevens Gold* Stinger Res* Stinger Res Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Min* Strategic Res* Strategic Res Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery* Surge Battery Surge Copper Surge Copper* Sutter Gold* Sylla Gold Syrah Res*

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

27 42 972 1 256 589 82 140 632 8 24 286 99 284 0 38 54 893 18 112 9 98 474 323 112 49 155 226 5749 159 120 320 350 58 203 1 76 184 1675 415 594 105 154 17 16 10 1 70 221 281 284 410 5 33384 34164 49 553 85 1 42 212 692 97 523 10 202

0.88 0.49 0.05 4.90 0.25 0.30 0.02 0.16 0.18 0.04 0.22 0.28 2.50 3.13 0.00 0.05 0.05 0.25 0.19 1.89 1.45 0.40 0.54 0.07 0.04 0.19 0.25 0.10 0.00 0.24 0.12 0.14 0.00 0.27 0.34 0.01 0.22 0.28 0.20 0.16 0.27 0.23 0.72 0.59 0.49 0.27 0.08 0.12 1.00 1.22 0.35 0.67 0.48 20.33 25.07 0.57 0.73 0.51 0.40 0.20 0.24 0.44 0.37 0.01 0.23 1.18

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

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

113 34 225 363 142 31 1643 9 438 1137 2318 48 157 58 165 79 339 16 204 20 1065 6259 388 14368 7004 6 328 47 294 189 115

0.18 0.14 0.08 0.31 0.25 0.02 0.58 0.00 9.55 0.06 0.49 0.60 0.25 0.20 0.08 0.10 0.09 0.07 0.46 0.44 2.32 1.86 0.69 23.27 28.83 36.10 0.17 0.14 0.44 0.34 0.12

Last

(100s)

12-month

High

High Low

Stock

0.12 0.08 0.00 0.40 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.04 0.00 0.00 0.01 0.06 0.01 0.09 0.08 0.07 0.07 0.01 0.00 0.00 0.01 0.01 0.00 0.03 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.01 0.14 0.01 0.01 0.00 0.00 0.01 0.06 0.07 0.00 0.06 0.04 0.05 0.15 0.02 0.03 0.00 0.00 0.01 0.02 0.03 0.05 0.00 0.00 0.09

0.97 0.75 0.50 18.00 0.25 0.38 0.18 0.25 0.30 0.19 0.27 0.35 3.56 4.05 0.51 1.00 0.14 0.25 0.19 3.00 2.41 1.00 0.92 0.38 0.29 0.29 0.35 0.28 0.01 0.35 0.26 0.38 0.01 0.60 0.80 0.01 0.41 0.52 0.33 0.26 0.28 0.26 0.90 0.94 0.72 0.55 0.10 0.20 2.20 3.50 1.34 1.35 1.09 25.73 31.38 0.70 0.95 0.89 0.63 0.25 0.29 0.85 0.46 0.05 0.30 1.18

0.17 0.15 0.04 1.01 0.12 0.12 0.00 0.11 0.15 0.01 0.13 0.16 1.14 1.46 0.03 0.03 0.04 0.05 0.12 1.59 1.28 0.06 0.15 0.06 0.04 0.02 0.10 0.06 0.00 0.13 0.02 0.12 0.00 0.21 0.28 0.01 0.19 0.22 0.12 0.10 0.07 0.05 0.47 0.38 0.31 0.21 0.00 0.05 0.60 0.78 0.32 0.18 0.14 10.67 14.28 0.40 0.51 0.40 0.40 0.03 0.06 0.11 0.26 0.00 0.08 0.26

0.01 0.01 0.00 0.02 0.01 0.00 0.04 0.00 0.97 0.01 0.04 0.07 0.01 0.00 0.01 0.01 0.01 0.00 0.04 0.04 0.02 0.05 0.01 0.91 0.97 0.91 0.02 0.01 0.08 0.05 0.00

0.28 0.24 0.23 0.44 0.35 0.15 0.90 0.10 26.25 0.12 1.91 2.12 1.00 0.43 0.16 0.16 0.25 0.14 0.56 0.55 3.22 2.67 0.69 26.72 32.27 42.50 0.31 0.25 2.27 1.78 0.16

0.16 0.12 0.07 0.28 0.21 0.02 0.22 0.00 6.39 0.01 0.41 0.53 0.22 0.17 0.07 0.08 0.08 0.08 0.10 0.00 0.94 0.70 0.24 10.85 14.37 16.50 0.09 0.07 0.30 0.24 0.08

Tembo Gold Tempus Res Tempus Res* Teras Res Teras Res* Terrax Mnrls Terrax Mnrls* Terreno Res Tesoro Mnrls Teuton Res Teuton Res* Texas Mineral* Themac Res* Themac Res Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley* Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res* Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Tonopah Div Mg* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Trailbreaker Trailbreaker* Trans Canada Trans Canada* Transatlantic Transatlantic* Transition Met* Transition Met Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Triple Flag TriStar Gold* TriStar Gold Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* TRU Precious* TRU Precious True North Gem True North Gem* Tsodilo Res Tudor Gold * Tudor Gold Tundra Gold* Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res Typhoon Expl

Change

T 0.16 0.17 + 0.12 0.12 0.07 0.08 unch 0.28 0.31 + 0.22 0.24 + 0.00 0.02 unch 0.50 0.52 0.00 0.00 8.03 9.19 + 0.05 0.05 0.43 0.43 0.53 0.53 0.22 0.23 0.18 0.18 0.07 0.07 0.09 0.09 0.09 0.09 + 0.00 0.07 0.40 0.41 0.00 0.33 2.14 2.22 1.70 1.76 0.56 0.65 + 21.39 21.93 26.78 27.51 0.00 34.83 0.14 0.14 0.00 0.12 0.32 0.40 + 0.24 0.31 + 0.12 0.12 +

Week

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

109 241 32 357 62 336 78 294 7 95 23 846 65 54 88 167 39 1525 116 58 45 263 125 591 38 139 50 399 161 0 3 11 305 240 268 234 508 602 94 9 109 4 167 2078 126 12 500 1004 64 0 74 6 17 18 94 200 392 430 654 62 0 232 4883 20 0 159 44 111 36 481 24 2 238 96 33 238 212 430 9 77 709 131 1 100 283 35 28 132 80 342 1 192 116 3005 1171 371 70 1291 187 372

12-month

High

Low

Last

0.16 0.28 0.19 0.05 0.04 0.23 0.18 0.04 0.05 2.45 2.05 1.78 0.06 0.08 1.31 0.17 0.29 0.35 0.35 0.15 0.19 0.08 0.06 1.32 0.29 0.23 0.17 0.22 0.03 0.00 0.70 0.56 0.35 0.47 0.05 1.56 0.07 0.21 0.18 2.39 0.16 0.27 11.79 14.84 0.83 0.67 0.05 0.06 0.29 0.00 0.17 0.15 0.04 0.03 0.13 0.17 0.80 0.90 8.55 0.10 0.09 0.21 0.23 0.10 0.00 0.08 0.69 0.89 2.80 2.26 0.15 0.20 0.05 0.05 16.25 0.23 0.28 0.19 0.14 0.74 0.92 0.10 0.03 0.20 0.24 0.09 0.07 1.20 2.05 2.58 3.00 0.98 0.77 16.85 21.05 0.05 0.04 0.00 0.02 0.07

0.15 0.18 0.15 0.04 0.04 0.21 0.16 0.04 0.00 2.20 1.76 1.50 0.06 0.08 1.26 0.12 0.25 0.31 0.32 0.11 0.19 0.00 0.00 1.16 0.27 0.20 0.15 0.19 0.03 0.00 0.70 0.22 0.28 0.40 0.00 1.33 0.06 0.18 0.12 1.65 0.13 0.27 10.33 13.09 0.00 0.62 0.05 0.06 0.20 0.00 0.15 0.13 0.00 0.03 0.00 0.15 0.63 0.80 7.75 0.10 0.00 0.15 0.20 0.10 0.00 0.07 0.58 0.78 2.62 2.09 0.14 0.02 0.05 0.04 13.50 0.20 0.26 0.16 0.00 0.69 0.87 0.10 0.03 0.14 0.22 0.00 0.07 1.00 1.65 2.18 3.00 0.79 0.65 15.23 19.11 0.04 0.04 0.00 0.00 0.00

0.16 0.24 0.18 0.05 0.04 0.23 0.17 0.04 0.05 2.42 1.94 1.67 0.06 0.08 1.30 0.17 0.25 0.32 0.34 0.12 0.19 0.08 0.06 1.30 0.27 0.20 0.15 0.19 0.03 0.65 0.70 0.28 0.29 0.43 0.04 1.36 0.07 0.18 0.16 2.22 0.14 0.27 10.75 13.44 0.80 0.65 0.05 0.06 0.22 0.23 0.16 0.13 0.04 0.03 0.13 0.16 0.65 0.84 7.88 0.10 0.09 0.16 0.20 0.10 0.06 0.07 0.62 0.80 2.62 2.12 0.15 0.02 0.05 0.04 14.13 0.21 0.28 0.17 0.14 0.70 0.90 0.10 0.03 0.20 0.22 0.09 0.07 1.10 2.00 2.50 3.00 0.82 0.65 15.42 19.39 0.05 0.04 0.00 0.02 0.06

Change + + + + + + unch unch + + + unch unch unch + + unch unch unch + unch unch unch + + + + + + unch + + unch unch unch unch + unch unch + unch + unch + unch + unch + unch + + + unch unch unch unch

0.01 0.06 0.03 0.01 0.00 0.01 0.00 0.00 0.00 0.21 0.18 0.17 0.00 0.00 0.00 0.04 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.05 0.01 0.02 0.02 0.02 0.00 0.00 0.00 0.04 0.01 0.02 0.01 0.18 0.01 0.02 0.01 0.02 0.00 0.00 0.43 0.59 0.01 0.03 0.00 0.00 0.07 0.00 0.01 0.02 0.01 0.00 0.00 0.01 0.06 0.04 0.04 0.00 0.00 0.01 0.03 0.00 0.00 0.01 0.04 0.05 0.15 0.12 0.00 0.01 0.00 0.00 0.56 0.00 0.02 0.00 0.01 0.03 0.00 0.01 0.00 0.01 0.02 0.00 0.00 0.05 0.25 0.29 0.00 0.06 0.07 1.28 1.43 0.01 0.00 0.00 0.00 0.00

High Low 0.22 0.33 0.19 0.14 0.08 0.55 0.41 0.07 0.17 4.85 3.80 4.70 0.11 0.12 1.75 0.70 1.00 0.45 0.69 0.25 0.19 0.20 0.16 1.90 0.51 0.40 0.24 0.30 0.08 1.65 2.10 0.99 1.10 0.65 0.09 1.67 0.11 0.33 0.24 2.97 0.45 1.90 19.45 25.52 1.07 0.86 0.12 0.15 0.45 0.33 0.30 0.24 0.07 0.05 0.20 0.26 1.40 1.98 9.17 0.20 0.14 0.23 0.28 0.12 0.19 0.13 2.06 2.78 3.70 3.06 0.16 0.20 0.15 0.11 16.46 0.35 0.47 0.45 0.34 1.33 1.82 0.30 0.27 0.41 0.52 0.25 0.19 1.46 3.40 4.51 6.00 1.52 1.16 21.89 26.45 0.06 0.06 0.01 0.05 0.11

0.10 0.14 0.12 0.05 0.04 0.20 0.16 0.03 0.05 2.02 1.62 1.20 0.04 0.05 0.52 0.00 0.16 0.17 0.27 0.11 0.11 0.07 0.05 1.07 0.19 0.12 0.11 0.16 0.03 0.50 0.40 0.00 0.21 0.24 0.03 0.15 0.06 0.12 0.12 1.53 0.13 0.01 10.25 13.09 0.54 0.41 0.05 0.06 0.23 0.18 0.07 0.11 0.03 0.02 0.10 0.13 0.60 0.75 5.50 0.08 0.05 0.08 0.10 0.10 0.00 0.06 0.48 0.67 1.90 1.43 0.06 0.00 0.05 0.04 13.50 0.15 0.19 0.13 0.11 0.67 0.84 0.03 0.03 0.02 0.12 0.08 0.05 0.07 1.60 2.01 3.00 0.75 0.55 7.49 9.80 0.02 0.01 0.00 0.01 0.04

(100s) Stock

Week

Exc Volume

High

Low

Last

12-month Change

High Low

U-V U.S. Gold* U3O8 Corp U3O8 Corp* Ubique Mineral UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery* United Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls Uravan Mnrls* USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vanstar Mng Rs Vanstar Mng Rs* Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng Vendetta Mng* Venture Mnrls* Verde Potash Verde Res* Vertical Expl Victoria Gold Victoria Gold* Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Silver* Vizsla Silver Volatus Cap Volcanic Gold* Volcanic Gold Voyageur Min Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

D 95 V 85 O 123 C 126 O 3075 O 260 V 137 T 4112 O 6 V 20 O 240 O 94 V 804 O 795 C 323 O 241 X 12071 N 76182 O 48 V 200 V 386 X 7117 T 458 V 3480 X 15689 O 3872 X 2928 V 875 D 389 V 142 O 1 O 6048 V 78 V 468 O 2 N 148482 O 9902 O 205 V 242 O 25 V 92 O 42 V 102 O 30 V 32 V 727 O 281 V 90 O 0 O 30 V 38 V 745 O 37 O 155 T 171 O 29 V 331 T 838 O 97 C 1213 O 554 C 332 O 284 V 293 O 219 V 76 O 215 V 103 V 1406 O 512 V 90 T 35 X 1755 O 36 V 129 O 188 V 424 C 60 O 21 V 326 C 1 O 22 V 372 O 63 V 143 V 430 O 30 V 600 O 637

Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng

O O V O T

10.47 0.17 0.14 0.10 16.74 0.82 1.00 0.37 0.16 0.20 0.07 0.11 0.13 0.68 0.69 0.03 1.05 26.55 0.08 0.10 2.75 1.19 1.55 0.67 2.29 0.04 4.13 3.75 3.00 0.05 0.05 0.04 0.32 0.13 0.09 21.89 0.04 0.23 0.28 0.04 0.05 0.08 0.09 0.19 0.23 0.57 0.45 0.25 0.00 0.36 0.46 0.05 0.05 0.09 1.40 0.05 0.11 19.00 15.00 0.02 0.01 0.09 0.08 0.24 0.18 0.47 0.10 0.13 0.12 0.10 0.21 1.15 0.92 0.14 0.17 2.11 2.65 0.11 0.52 0.62 0.32 0.08 0.10 0.40 0.50 0.23 0.18 0.15 0.50

9.97 0.15 0.08 0.00 12.18 0.69 0.87 0.31 0.14 0.18 0.06 0.10 0.12 0.48 0.63 0.03 0.89 24.55 0.07 0.09 2.26 1.08 1.36 0.51 2.08 0.03 3.80 3.27 2.60 0.04 0.03 0.02 0.28 0.12 0.09 20.90 0.03 0.20 0.25 0.04 0.05 0.06 0.08 0.00 0.21 0.48 0.39 0.19 0.00 0.36 0.00 0.05 0.01 0.08 1.11 0.05 0.09 16.87 13.42 0.00 0.01 0.08 0.06 0.18 0.14 0.44 0.09 0.12 0.11 0.09 0.19 1.03 0.82 0.12 0.15 1.79 2.26 0.09 0.44 0.55 0.00 0.00 0.09 0.31 0.39 0.21 0.10 0.11 0.10

10.08 0.16 0.12 0.10 16.67 0.78 0.97 0.32 0.16 0.19 0.07 0.10 0.13 0.61 0.69 0.03 0.96 25.91 0.08 0.09 2.41 1.19 1.47 0.59 2.20 0.04 4.07 3.28 2.61 0.04 0.03 0.03 0.28 0.12 0.09 20.94 0.03 0.20 0.25 0.04 0.05 0.06 0.08 0.18 0.22 0.51 0.44 0.19 0.20 0.36 0.45 0.05 0.04 0.08 1.30 0.05 0.10 17.00 13.53 0.02 0.01 0.09 0.07 0.20 0.16 0.46 0.10 0.13 0.12 0.09 0.20 1.08 0.84 0.14 0.17 1.86 2.33 0.11 0.44 0.55 0.32 0.08 0.09 0.37 0.45 0.23 0.16 0.13 0.10

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

0.08 0.01 0.00 0.03 3.10 0.07 0.08 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.02 0.57 0.01 0.00 0.14 0.06 0.01 0.02 0.03 0.00 0.24 0.29 0.32 0.01 0.00 0.01 0.02 0.01 0.00 0.08 0.01 0.02 0.03 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.05 0.07 0.00 0.00 0.01 0.00 0.00 0.01 0.09 0.00 0.01 1.80 1.53 0.01 0.00 0.00 0.00 0.04 0.02 0.01 0.00 0.01 0.01 0.00 0.01 0.07 0.07 0.01 0.01 0.17 0.16 0.00 0.07 0.06 0.00 0.00 0.01 0.06 0.06 0.02 0.00 0.02 0.01

17.40 0.37 0.40 0.10 30.20 2.36 2.97 0.50 0.23 0.28 0.19 0.50 0.67 1.46 1.80 0.05 2.56 29.97 0.15 0.21 3.40 1.74 2.14 1.68 3.67 0.27 14.50 4.70 3.81 0.07 0.20 0.07 0.33 0.19 0.20 23.18 0.20 0.36 0.45 0.09 0.13 0.10 0.11 0.32 0.36 1.75 2.32 0.38 0.27 0.47 0.61 0.11 0.09 0.12 1.97 1.00 0.30 22.54 18.50 0.10 0.08 0.60 0.49 0.48 0.37 0.55 0.30 0.38 0.95 0.74 0.24 1.90 1.45 0.36 0.48 2.37 2.86 0.44 0.66 0.93 0.50 0.25 0.35 0.55 0.68 0.33 0.80 0.16 0.50

7.64 0.08 0.03 0.03 0.43 0.64 0.70 0.12 0.04 0.04 0.00 0.09 0.12 0.26 0.36 0.02 0.22 6.85 0.06 0.06 1.05 0.42 0.55 0.31 0.82 0.02 1.34 1.06 0.81 0.02 0.01 0.00 0.16 0.09 0.08 10.29 0.00 0.16 0.21 0.03 0.04 0.03 0.04 0.05 0.08 0.46 0.36 0.17 0.03 0.31 0.41 0.04 0.01 0.02 0.58 0.01 0.03 10.42 8.18 0.01 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.11 0.02 0.01 0.04 0.99 0.79 0.10 0.13 0.99 1.26 0.01 0.28 0.34 0.24 0.03 0.04 0.18 0.23 0.05 0.04 0.03 0.02

0.14 0.06 0.08 0.48 0.60

+ + + + +

0.03 0.00 0.01 0.03 0.02

0.20 0.11 0.15 1.01 1.33

0.03 0.01 0.07 0.36 0.48

W-Z 95 572 698 1086 4144

0.20 0.08 0.09 0.50 0.63

0.11 0.05 0.07 0.33 0.55

(100s) Stock

Exc Volume

Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds Wesdome Gold Wesdome Gold* West High Yld West Mining* West Mining West Red Lake* West Red Lake West Vault Western Areas* Western Atlas Western Copper* Western Copper Western Gold Western Mag* Western Mag Western Potash Western Res* Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Gold* Westkam Gold* Westkam Gold Westminster Rs* Westminster Rs WestMountain* Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Whitehorse GC Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res* Wolfden Res Wolfeye Res World Copper Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xander Res Xemplar Egy* Xiana Mng Xiana Mng* Ximen Mining* Ximen Mining Xplore Res Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zacatecas Silv Zacatecas Silv* ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * Zincore Mtls* ZincX Res* ZincX Res Zonte Metals* Zonte Metals

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

42 224 3 2480 2509 146 1 2520 212 155 52 235 97 266 31 25 353 1330 491 10 9458 7600 45 0 319 254 55 210 126 125 89 20 55 0 3743 7674 18 121 964 0 1192 359 14 64 2 3 27 0 622 1333 720 19 164 289 444 20 647 5 3081 161 10 0 1 43 240 90 592 63 20 14408 60614 2 129 476 169 78 177 393 220 52 14 44 4 1 12 153 125 11 60

Week

12-month

High

Low

Last

Change

0.07 0.09 0.04 0.38 0.47 0.65 0.00 13.02 10.39 0.40 0.17 0.19 0.07 0.08 1.10 1.93 0.06 1.98 2.43 0.30 0.57 0.71 0.19 0.00 3.18 2.33 1.44 0.62 0.47 0.14 0.17 0.21 0.33 1.01 59.44 47.41 0.10 0.56 0.61 0.00 0.10 0.04 1.69 1.41 0.13 0.17 0.12 0.00 0.07 0.06 0.38 0.20 0.25 0.55 0.41 0.05 0.08 0.05 0.04 0.09 0.02 0.00 0.06 0.22 0.28 0.08 0.06 1.00 0.78 5.93 4.73 1.52 0.04 0.05 0.94 0.74 2.66 3.10 0.17 0.15 0.13 0.25 0.81 0.58 0.04 0.14 0.17 0.17 0.23

0.05 0.06 + 0.07 0.08 + 0.04 0.04 unch 0.27 0.36 + 0.35 0.45 + 0.55 0.65 + 0.00 0.09 unch 12.00 12.36 9.60 9.84 0.37 0.39 unch 0.12 0.14 + 0.16 0.18 + 0.05 0.05 0.07 0.08 1.08 1.08 1.85 1.88 + 0.06 0.06 unch 1.75 1.78 2.20 2.22 0.30 0.30 unch 0.24 0.55 + 0.29 0.65 + 0.18 0.18 0.00 0.13 unch 2.65 2.89 + 2.06 2.26 1.40 1.44 + 0.52 0.54 0.41 0.43 0.12 0.12 0.15 0.15 0.00 0.18 0.22 0.27 0.00 1.01 + 54.74 55.67 43.63 44.32 0.10 0.10 0.44 0.47 + 0.56 0.58 + 0.00 0.07 unch 0.08 0.08 0.04 0.04 unch 0.00 1.59 1.31 1.32 0.00 0.13 0.00 0.17 0.00 0.12 unch 0.00 0.09 unch 0.07 0.07 0.05 0.06 0.32 0.33 0.17 0.19 + 0.22 0.24 + 0.50 0.51 unch 0.39 0.41 + 0.05 0.05 unch 0.00 0.08 0.05 0.05 + 0.03 0.03 0.09 0.09 + 0.00 0.00 unch 0.00 0.08 unch 0.06 0.06 0.21 0.22 + 0.00 0.28 + 0.07 0.07 unch 0.06 0.06 unch 0.94 0.96 unch 0.65 0.77 + 5.38 5.57 4.35 4.44 1.52 1.52 unch 0.00 0.03 0.04 0.05 + 0.77 0.83 0.65 0.74 + 2.25 2.33 2.84 2.88 0.16 0.17 + 0.14 0.14 unch 0.10 0.12 0.24 0.25 + 0.00 0.73 + 0.00 0.58 + 0.04 0.04 unch 0.13 0.14 0.17 0.17 unch 0.17 0.17 0.22 0.22 -

0.00 0.01 0.00 0.07 0.09 0.10 0.00 0.26 0.29 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.16 0.18 0.00 0.31 0.35 0.01 0.00 0.04 0.03 0.19 0.04 0.04 0.01 0.02 0.03 0.06 0.01 1.96 1.83 0.00 0.02 0.02 0.00 0.01 0.00 0.04 0.09 0.00 0.03 0.00 0.00 0.01 0.00 0.03 0.01 0.02 0.00 0.02 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.02 0.05 0.00 0.00 0.01 0.09 0.01 0.04 0.15 0.01 0.00 0.00 0.01 0.05 0.00 0.00 0.00 0.00 0.00 0.01

High Low 0.11 0.15 0.07 0.38 0.45 0.79 0.15 15.00 11.37 0.43 1.16 1.70 0.15 0.20 1.99 2.43 0.18 2.83 3.35 0.69 0.43 0.53 0.37 0.19 3.40 2.76 2.05 1.25 0.93 0.22 0.30 0.32 0.39 7.00 76.69 57.89 0.11 1.01 1.34 0.12 0.17 0.05 1.70 4.80 0.29 0.36 0.15 0.11 0.20 0.18 2.34 0.40 0.36 1.54 0.78 0.09 0.25 0.18 0.11 0.37 0.47 0.12 0.13 0.51 0.68 0.14 0.23 1.54 1.22 9.29 7.02 1.52 0.06 0.07 1.89 1.05 2.97 3.77 0.25 1.15 0.88 0.30 5.00 1.27 0.04 0.19 0.23 0.21 0.30

0.01 0.07 0.02 0.06 0.08 0.25 0.06 7.78 6.05 0.10 0.12 0.15 0.05 0.06 1.00 1.25 0.06 0.95 1.24 0.28 0.08 0.10 0.15 0.11 0.53 0.39 1.25 0.50 0.40 0.10 0.11 0.10 0.13 0.55 44.09 34.85 0.08 0.44 0.55 0.04 0.05 0.00 0.63 0.57 0.12 0.13 0.08 0.06 0.07 0.05 0.33 0.13 0.18 0.48 0.29 0.03 0.07 0.05 0.03 0.09 0.00 0.05 0.02 0.18 0.22 0.05 0.06 0.87 0.57 5.06 3.99 0.73 0.01 0.04 0.86 0.69 0.30 0.39 0.08 0.13 0.10 0.11 0.67 0.01 0.00 0.06 0.09 0.13 0.16

BID-ASK — AUGUST 2–6, 2021 12-MONTH STOCK

79 Resources Aftermath Silv Alacer Gold Allied Copper AMV Capital Anglo-Bomarc Antler Hill Apex Res Archon Mineral Arcland Res Arctic Fox Ven Arcturus Vent Arcus Dev Grp Asbestos Corp Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Austin Res Avarone Metals Aya Gold Banro Corp* Barker Min BE Res Bearclaw Cap Black Mammoth Black Shield Boss Power Brunswick Res Bullion Gold C2C Gold Cache Explor Cairo Res Camrova Res Canamera Energ Cardero Res Carlin Gold Cassius Vents Centurion Mnls Cerro de Pasc Cerro Mng Champion Bear Cirrus Gold Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds Cresval Cap Crystal Peak CWN M’g Acq Discovery-Corp Duro Metals Earl Res EastCoal Inc Electra Stone Encanto Potash Equitorial Ex Eurotin Everton Res Evolution Glob Excalibur Res Exploits Disc Finore Mng First Idaho Freedom Egy Galway Gold GAR Limited General Moly* Gentor Res

EXC

BID

ASK

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

0.10 0.24 9.41 0.32 0.12 0.08 ... 0.07 0.23 0.07 0.16 0.02 0.03 0.50 0.03 0.03 0.33 0.13 0.04 ... 0.09 ... 1.94 0.11 0.01 0.01 0.24 0.13 0.20 0.17 ... 0.06 ... 0.16 ... ... 0.33 0.06 0.04 0.05 ... ... 0.10 0.08 0.12 0.13 1.45 0.07 2.85 0.03 0.01 0.07 0.09 0.13 0.41 0.12 0.01 0.06 0.08 0.02 0.10 1.50 0.09 ... 0.12 0.10 0.02 0.16 ... ... 0.09

0.12 0.25 9.52 0.54 0.15 0.08 ... 0.11 0.25 ... 0.44 0.03 0.03 0.85 0.03 0.04 0.40 0.14 0.06 ... 0.11 ... 2.19 0.11 0.01 0.37 0.33 0.19 1.00 0.20 0.05 0.15 ... 0.17 ... 0.06 0.50 0.07 0.05 0.14 0.07 ... 0.79 0.09 0.20 0.24 3.20 0.10 3.55 0.04 0.02 0.09 0.14 ... 0.65 0.19 0.02 0.07 0.08 0.02 0.10 3.00 0.10 ... 0.12 0.98 0.02 0.19 ... ... 0.15

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.25 9.47 0.41 0.12 0.15 0.18 0.10 0.29 0.06 0.16 0.03 0.03 0.67 0.03 0.03 0.40 0.14 0.05 0.47 0.09 0.04 2.01 0.11 0.01 0.20 0.25 0.16 0.15 0.17 0.03 0.10 0.11 0.16 0.37 0.07 0.32 0.07 0.04 0.07 0.07 0.29 0.60 0.09 0.12 0.13 1.43 0.07 2.85 0.03 0.01 0.07 0.10 0.24 0.45 0.17 0.01 0.06 0.08 0.02 0.03 2.00 0.10 0.59 0.11 0.10 0.01 0.16 0.15 0.11 0.11

0.25 0.33 10.82 0.68 0.26

0.10 0.05 3.50 0.15 0.11

0.16 0.40

0.09 0.11

0.16 0.15 0.04 0.99 0.06 0.04 0.54 0.15 0.05 0.47 0.13 0.15 2.50 2.10

0.16 0.01 0.02 0.46 0.02 0.03 0.22 0.03 0.04 0.42 0.08 0.03 0.82 0.10

0.60 0.26 0.15

0.10 0.05 0.11

Gespeg Res GFM Res GGL Res GK Resources Global Cop Grp Gold Hunter Rs Goldbank Mng Goldbelt Emp Goldblock Cap Golden Cariboo Golden Harp GoldHaven Res Goldhills Hldg Goldshore Res Great Lakes Gr Green Arrow GrowMax Res Guyana Goldstr Handa Mining Hemlo Expl HFX Holding Highvista Gold Highway 50 Gld Hylands Intl IEMR Res Indico Res Indigo Expl Inspiration Mg Interconnect Intercontinent Intl Battery Intl Bethl Mng Iron South Mng Ivor Explor Jaeger Res Jubilee Gold K9 Gold Karora Res KGL Resources Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Lithium South Logan Res Madeira Mrnls MAG Silver* Martina Mnls Matachewan Con Mega Copper Melior Res Meryllion Res Mich Resources MillenMin Vent Milner Con Slv Minecorp Egy Mongoose Mg Montana Gold Montego Res Napier Vent Navis Res Corp Nebu Res New Klondike Newmac Res Nexco Res Nickel North Norra Metals O2Gold

0.28 0.15 0.33 0.37

0.01 0.03 0.09 0.37

0.39 0.11 0.07 0.08

0.25 0.04 0.03 0.07

0.34 0.60 0.18 0.12 0.20 7.17 0.07 3.25 0.16 0.10 0.08 0.12 0.24 0.55 0.17

0.12 0.31 0.08 0.12 0.08 0.98 0.05 2.00 0.02 0.01 0.03 0.06 0.13 0.20 0.09

0.12 0.37 0.06

0.03 0.07 0.01

2.00 0.11 0.62

2.00 0.01 0.13

0.10

0.07

0.29 4.13 100.00 0.11

0.12 0.13 0.10 0.05

EXC

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

BID

0.06 0.08 0.13 0.17 0.07 0.38 0.11 0.02 ... 0.10 0.20 ... 0.14 ... 0.05 0.02 0.04 0.11 0.04 0.27 0.04 ... 0.35 0.03 0.03 ... 0.08 ... 0.08 0.15 ... 0.06 0.24 0.31 0.03 0.62 0.17 0.47 0.21 0.05 0.04 0.03 ... ... ... 0.10 0.31 0.25 ... 12.52 0.03 0.18 0.14 0.03 0.12 0.40 ... 0.04 ... ... 0.09 0.03 0.06 ... 0.04 0.01 0.04 0.30 0.04 0.07 0.23

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

0.06 0.15 0.14 0.23 0.08 0.52 0.18 0.02 0.32 0.12 0.50 ... 0.14 375.00 0.05 0.03 0.04 0.11 0.05 0.35 0.10 ... 0.44 0.05 0.04 0.01 0.09 ... 0.16 0.17 ... 0.08 0.27 0.38 0.03 0.87 0.24 0.48 0.22 0.06 0.12 0.04 ... ... ... 0.10 0.34 0.25 ... 13.30 0.12 0.24 0.33 0.30 0.14 0.40 0.06 0.08 ... ... 0.10 0.04 ... ... 0.04 0.01 0.25 0.60 0.04 0.08 0.27

0.06 0.12 0.14 0.17 0.08 0.37 0.12 0.02 0.32 0.10 0.20 0.42 0.25 0.11 0.04 0.02 0.09 0.13 0.04 0.28 0.04 0.17 0.35 0.03 0.03 0.01 0.08 0.03 0.10 0.17 0.31 0.09 0.24 0.38 0.03 0.74 0.24 0.48 0.20 0.05 0.06 0.03 1.09 0.24 0.26 0.11 0.31 0.30 0.03 12.52 0.07 0.22 0.14 0.08 0.12 0.37 0.05 0.07 0.12 0.12 0.10 0.03 0.07 0.30 0.04 0.01 0.29 0.30 0.04 0.07 0.23

0.12 0.15 0.45 0.30 0.11 0.95 0.19 0.05 0.32 0.15 0.44 0.45 0.33 1.20

0.06 0.07 0.13 0.10 0.04 0.30 0.10 0.02 0.16 0.02 0.20 0.06 0.08 0.48

0.04

0.02

0.40 0.06 1.10 0.11

0.09 0.01 0.27 0.04

0.47 0.06 0.05

0.12 0.03 0.01

0.13

0.06

0.11 0.26

0.07 0.09

0.12 0.28 0.42 0.06 0.90 0.28 0.73 0.60 0.13 0.09 0.16

0.02 0.04 0.23 0.03 0.43 0.16 0.20 0.20 0.04 0.05 0.02

0.27 0.30 0.35 0.66 0.37

0.13 0.17 0.11 0.24 0.08

14.40 0.18 0.27 0.28 0.08 0.20 0.48

6.12 0.05 0.13 0.11 0.03 0.05 0.22

0.20 0.20 0.22 0.10 0.04 0.08

0.05 0.07 0.05 0.02 0.01 0.06

0.31 0.40 0.10 0.21 0.37

0.06 0.10 0.02 0.04 0.06

Odyssey Res Optimus Gold Ord Mountain Pac Bay Mnrls Paleo Resource Pantera Silver Parallel Mng Pasinex Res Patriot Batt Phenom Res Philippine Mtl Plata Latina PPX Mining Primary Energy Prospect Ridge Prospero Silvr Quinto Res Rackla Metals Rare Element* Razore Rock Res Reliant Gold Remington Res Richmond Mnls Rizal Res Rockland Mnls Ross River RTG Mining Samco Gold Savannah Min Secova Mtls Sennen Potash Sierra Grande Silver Phoenix Sonora Gld & S Southern Arc Southstone Min Standard Lith Stans Energy Stria Lithium Supernova Met Sylla Gold Three Valley Thunder Mtn Gd Tiger Intl Tisdale Res Trench Metals Tri-River Vent Trident Gold TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Venerable Vent Volatus Cap Waraba Gold Waseco Res Wescan Gldflds Western Gold Western Troy C Whitemud Res Winshear Gold Worldwide Res Xiana Mng Xtierra Inc Zara Res Zinco Mng Zincore Mtls

EXC

BID

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

0.04 0.21 0.20 0.12 0.02 0.16 0.13 0.03 0.09 0.68 0.08 0.04 0.04 ... 0.48 0.55 0.05 0.55 0.11 0.12 ... 0.13 0.04 0.01 0.07 ... 0.14 0.01 0.28 0.05 0.01 0.09 0.50 0.07 0.32 0.01 6.65 0.01 0.02 0.05 0.22 0.45 0.13 0.15 0.65 0.55 ... 0.10 0.11 ... 0.06 0.10 0.05 0.12 0.10 0.19 0.04 0.09 0.26 0.16 0.01 0.12 0.06 0.07 0.06 ... 0.05 ...

ASK

0.06 0.28 0.25 0.15 0.03 0.17 0.15 0.04 0.10 0.71 0.11 0.05 0.05 ... 0.65 1.18 0.07 0.55 0.16 0.16 0.10 0.36 0.05 0.02 0.08 0.38 0.18 ... 0.32 0.06 1.10 0.15 0.59 0.07 0.90 0.01 6.95 0.01 0.02 0.06 0.35 0.47 ... 0.38 0.78 0.55 ... 0.13 0.12 ... 0.07 0.10 ... 0.25 0.12 0.24 0.05 0.11 0.40 0.23 0.02 0.14 0.07 0.08 0.07 ... 0.07 0.01

LAST

0.04 0.23 0.20 0.16 0.03 0.16 0.15 0.04 0.10 0.69 0.10 0.04 0.04 0.17 0.46 0.56 0.08 0.41 0.15 0.16 0.02 0.25 0.05 0.02 0.08 0.26 0.14 0.05 0.28 0.05 0.45 0.09 0.59 0.09 0.89 0.01 6.95 0.01 0.03 0.06 0.23 0.47 0.19 0.20 0.70 0.55 0.04 0.10 0.12 10.24 0.07 0.09 0.10 0.12 0.11 0.19 0.04 0.09 0.30 0.16 0.02 0.14 0.05 0.08 0.06 0.07 0.05 0.05

HIGH

LOW

0.07 0.35

0.04 0.12

0.19 0.04 0.29 0.19 0.09 0.18 0.76 0.12 0.06 0.10 0.82 0.55 1.35

0.09 0.01 0.14 0.13 0.01 0.08 0.24 0.04 0.03 0.04 0.16 0.20 0.51

0.50 0.89 0.25

0.14 0.06 0.06

0.37 0.08

0.15 0.04

0.11

0.01

0.23

0.11

2.00

0.20

0.35 1.00 0.10 0.93 0.04 6.95

0.06 0.46 0.04 0.24 0.01 1.02

0.09 0.32 0.30 1.02 0.19 0.30 2.10 0.22

0.02 0.05 0.08 0.14 0.11 0.09 0.40 0.04

0.12 0.12 11.10 0.13 0.13

0.10 0.03 6.57 0.07 0.04

0.15 0.44 0.70 0.07 0.15 0.69 0.32 0.03 0.15 0.09 0.12 0.23 0.22

0.10 0.01 0.10 0.02 0.06 0.28 0.13 0.01 0.05 0.03 0.05 0.06 0.07

WWW.NORTHERNMINER.COM

AUGUST 16–29, 2021 / THE NORTHERN MINER

Q3 Edition September 22-23, 2021

KEYNOTE SPEAKERS

CLIVE JOHNSON President, CEO & Director B2Gold Corp.

PETER MARRONE Executive Chairman Yamana Gold Inc.

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