The Northern Miner August 20 2018 Issue

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Fission pushes PLS forward in Athabasca

SITE VISIT

| Drill program extends shallow, high-grade uranium deposits

Sokoman Iron sparks gold fever in central Newfoundland DISCOVERY

| First drill hole at Moosehead returns high-grade gold

BY COLIN DESMOND

S

cdesmond@northernminer.com VANCOUVER

okoman Iron (TSXV: SIC; USOTC: GDNDF) has struck gold with the first hole in drilling at its Moosehead gold project in central Newfoundland, 20 km west of the town of Grand Falls-Windsor.

On July 30, Sokoman reported hole 18-1 cut 45 grams gold per tonne over 11.9 metres from 109 metres downhole. Significant assay results were also found up and downhole of the quartz vein. That vein lies between the previously drilled Western and Eastern trends at Sokoman’s Moosehead gold project, possibly indicating a new trend.

Sokoman drilled hole 18-1 to test the up-dip potential of a historical intercept in 2003 by Moosehead’s See SOKOMAN IRON / 16

Workers on a drilling barge at Fission Uranium’s Patterson Lake South uranium project in northern Saskatchewan. PHOTO BY RICHARD QUARISA

BY RICHARD QUARISA rquarisa@northernminer.com PATTERSON LAKE, SASK

F

ission Uranium (TSX: FCU; US-OTC: FCUUF) is in the midst of a $6.4-million, midyear work program at its nearsurface Patterson Lake South (PLS) uranium project in northwestern Saskatchewan. It aims to complete the remaining geotechnical and resource drilling with an eye to tabling a pre-feasibility study in 2018’s fourth quarter.

PLS contains the Triple R deposit: five mineralized bodies across a 3.2 km mineralized trend on the southwestern end of Saskatchewan’s

Athabasca basin — in a location that defies the once conventional wisdom on where to find uranium in the area.

Until Fission discovered PLS, most believed uranium deposits resided on the eastern end of the basin, and that all the near-surface deposits had been found and explorers needed to look deeper. It makes sense: all of Canada’s current uranium production comes from the eastern side of the basin.

Fission proved them wrong.

It did so partly thanks to a highresolution airborne radiometric and magnetic survey it ran in 2009, using now proprietary technology developed by a private consulting group that detected a radioactive

“THERE’S NO OTHER LARGE, HIGH-GRADE URANIUM DEPOSIT NEAR-SURFACE IN THE BASIN.” ROSS MCELROY CHIEF OPERATING OFFICER, FISSION URANIUM

anomaly 3 km west of Patterson Lake, in a new area.

“You need geophysics to paint the picture of the rocks below because there’s really no outcrop,” Fission president and chief operating of-

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ficer Ross McElroy says during a site visit to PLS. Fission discovered a high-grade, uranium boulder field through follow-up work on the anomaly.

Through drilling, it traced the anomaly back to the west shore of Patterson Lake. It drilled the discovery hole, announced on Nov. 5, 2012, in what is now called the R00E zone.

Since then, the project has grown considerably and its 17 mineral claims now cover 310 square kilometres. From west to east, the five mineralized zones that make up the Triple R deposit are: R1515W, R840W, R00E, R780E and R1620E. See FISSION / 2

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Drill core on display at Fission Uranium’s Patterson Lake South property near the Athabasca basin in northern Saskatchewan.   PHOTO BY RICHARD QUARISA

Fission pushes PLS forward in Athabasca FISSION From 1

R1515W covers 90 metres in strike length, 68 metres across strike and 220 metres vertical. Mineralization remains open in several directions.

R840W is located 515 metres east along strike of R1515W and has a strike length of 430 metres.

R00E is located 485 metres east along strike of R840W and is drill defined to 115 metres in strike length.

The R780E zone and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake, where water depth is generally less than 6 metres and overburden thickness is 50 metres.

R780E is the biggest zone. It’s located 225 metres east of R00E and has a strike length of 945 metres. R1620E is located 210 metres along strike to the east of R780E, and is drill defined to 185 metres in strike length. “The grades overall in each of the zones are remarkably similar,�

McElroy says. “With the size and grade of Triple R, the nearby Arrow deposit and other prospects along the corridor, I think the western side of the basin is beginning to look every bit as good as the east.

I think it’s looking more promising that this is where the future of uranium mining in Saskatchewan is going to be.�

As of Feb. 20, 2018, PLS contains 2.18 million indicated tonnes grading 1.82% uranium oxide for 87.76 million lb. uranium oxide, including 119,000 tonnes grading 18.93% uranium oxide for 48.24 million lb. uranium oxide at the R780E deposit.

The project also contains 1.33 million inferred tonnes grading 1.8% uranium oxide for 52.9 million lb. uranium oxide, including 32,000 inferred tonnes at 20.85% uranium oxide for 14.71 million lb. uranium oxide at R780E. “Deeper deposits tend to be more technically challenging,� McElroy says. “That’s one of the things that sets us apart. There’s no other large, high-grade uranium deposit nearsurface in the basin.�

Fission CEO Dev Randhawa adds that “being shallow, there are lots of buyers for us. Whereas, if you’re underground, you have to ask yourself

“A LOT OF PEOPLE JUMP IN TO WHAT’S HOT, VERSUS WHAT’S GOING TO BE HOT, BUT THE FIRST JUMP IS ALWAYS THE BIGGEST, AND THAT’S WHERE THE EASY MONEY IS MADE.�

DEV RANDHAWA CEO, FISSION URANIUM

who has the skill set to take it out of the ground. That’s very limiting.

But a trucking operation is pretty straightforward.�

As of a 2015 preliminary economic assessment, the project has a $1.02 billion, after-tax net present value at a 10% discount rate and a 34.2% after-tax internal rate of return, assuming a US$65 per lb. U 3 O 8 long-term price. It could produce 100.8 million lb. uranium oxide: 13 million lb. uranium oxide per year for the first six years followed by 3 million lb. uranium oxide per year for eight years. It would require a $1.1-billion initial capital expense.

The company is assessing project development at the prefeasibility study stage, including how best to build a dike in Patterson Lake around an open-pit mine. In 2015’s preliminary economic assessment, the dike was the single most expensive part of the initial capital expense estimate.

Toward the prefeasibility study, the company is drilling 14 holes this summer for a total 3,400 metres. Of that, it will drill nine holes for 2,900 metres in the R780E zone to upgrade key areas of the high-grade domain from the inferred to the indicated category for its forthcoming study.

It will drill the last 500 metres over five holes to test overburden for a proposed tailings management area.

The company has a barge set up on Patterson Lake above R780E and has already drilled three of the planned nine holes. It drilled six infill holes in the R780E zone as part of last

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Fission Uranium’s exploration camp in at the Patterson Lake South project.   PHOTO BY RICHARD QUARISA

winter’s work program that will also go into the updated resource estimate. It says all six infill holes hit wide, high-grade mineralization, including 119 metres of composite mineralization over a 177-metre interval from 59.5 metres downhole, with 11.7 composite metres grading higher than 10,000 counts per second.

To finish its current study, Fission will also continue to monitor hydrogeological holes, complete additional metallurgy and keep collecting and analyzing data for a baseline environmental study. “To apply for mine development and production licenses, a company has to complete a baseline study,�

Randhawa says. “Fission began its baseline work right after the discovery hole. So because we made our discovery two years ahead of NexGen, for example. We’re two years ahead of them in permitting.

That’s just math. There might be a year where it looks like its one year, but it’s always two. As long as you start your permitting right away, you keep that advantage.�

NexGen Energy’s (TSX: NXE; NYSE-AM: NXE) Rook I uranium project is also located on the southwestern part of the Athabasca basin.

It includes the company’s Arrow deposit. At a US$50 per lb. uranium oxide price, it has a $3.49 billion after-tax net present value at an 8% discount rate and a 56.7% after-tax

internal rate of return, as of a 2017 preliminary economic assessment.

According to the World Nuclear Association (WNA), there are 452 current uranium reactors operable globally, with at least 56 more under construction and 153 planned. Of the current reactors, the U.S. has 35. China has 179.

China General Nuclear Power Group owns 19.9% of Fission. It has four operating nuclear plants in China, five under construction and two more planned. It has an offtake agreement with Fission that includes 20% of annual uranium production from PLS. “The Chinese always bought us with the goals of being in production four to five years from now, seven years from now,� Randhawa says. “They’ve never put pressure on us to have production ready — they just want their hands on what they think is the best uranium asset in the world.�

The WNA says global uranium production peaked in 2016 at 162 million lb. uranium oxide. Nuclear energy consulting company UxC’s 2018 uranium outlook says this year’s uranium production will be less than 135 million lb. uranium oxide, while reactor demand will hit 192 million lb. uranium oxide.

But more uranium came off the market in early 2018, when Cameco (TSX: CCO; NYSE: CCJ) temporarily shut down its McArthur River

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and Key Lake uranium mines in the eastern side of the Athabasca basin. The two sites have collectively produced 535 million lb. uranium oxide since 1999 and 1983.

The company said it expected to resume production within a year.

However, in July 2018, Cameco indefinitely suspended production at the mines, laying off more than 550 workers. “Them closing is a sign of how ridiculously low uranium prices are,� Randhawa says.

The uranium price has fallen steadily since the Fukushima tragedy in 2011. Before, it sold for more than US$70 per pound. Now it sells for around US$25 per lb. — and US$23 per lb. for most of 2018.

That said, Randhawa assures that the development of PLS isn’t being slowed by low uranium prices. “Our life is really determined by the permitting process. What people think of us until then is really the uranium price, and hopefully they think we’re a great value for them,� he says. “A lot of people jump in to what’s hot, versus what’s going to be hot, but the first jump is always the biggest, and that’s where the easy money is made. So some people will say, ‘What’s out of favour?’ Uranium.

And we know we need it because the demand is higher than the supply.�

Fission aims to follow up its prefeasibility study with a feasibility study. According to McElroy, that could be done by early 2020. From there it will submit its environmental baseline work. “That’s when the clock starts ticking, and it’s a minimum 24 months of review for community input and other stakeholder input,� McElroy says.

Shares of Fission are trading at 66¢ within a 52-week range of 55¢ to 89¢. The company has a $330-million market capitalization. At the end of May it had more than $30 million in cash and zero debt. “We have an opportunity to take in more money and not give up anything,â€? Randhawa says. “There’s only so much debt an exploration company can take in.â€? TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

3

Nevsun fights Lundin takeover bid M&A

| Successive offers from mid-tier miner target Timok copper-gold project in Serbia

BY COLIN DESMOND

N

cdesmond@northernminer.com VANCOUVER

evsun Resources’ (TSX: NSU; NYSE-AM: NSU) board is unanimously recommending shareholders reject Lundin Mining’s (TSX: LUN; US-OTC: LUNMF) bid to buy all of Nevsun’s shares at $4.75 per share, the company reported on Aug. 9. The formal recommendation made on Aug. 9 is the company’s latest attempt to fend off a hostile takeover

by Lundin.

In May, Nevsun rejected an unsolicited bid by Lundin and its former bidding partner Euro Sun Mining (TSX: ESM; US-OTC: CPNFF) for all of Nevsun’s shares, citing inadequate value and a problematic deal structure.

That deal was reportedly Lundin’s fourth attempt at buying Nevsun or its Timok project.

On July 17, Lundin took its fifth proposal straight to Nevsun’s shareholders.

In a conference call explaining the proposal a week later, Lundin president and CEO Paul Conibear said that “since October 2017, we have been trying to constructively engage and progress a deal with the management and board of directors of Nevsun.

Each of five successive proposals made since early February were rejected by Nevsun despite multiple moves by us to address their concerns regarding structure, bidding partner and price.

Each time we presented a proposal, the goalpost changed … we formally took our premium $4.75 all-cash offer for Nevsun directly to its shareholders.”

Nevsun CEO Peter Kukielski reacted by saying Lundin’s latest proposal “continues to ignore the fundamental value of Nevsun and its assets.”

The Nevsun board bases its latest recommendation on its belief that Lundin’s proposal undervalues Nevsun’s Timok copper-gold development project in Serbia.

Nevsun has reported numerous milestones at Timok over the past six months.

In March, Nevsun released a prefeasibility study on the wholly owned Timok Upper Zone showing an after-tax net present value of US$1.82 billion.

In May, the company started construction on its recently permitted Upper Zone exploration decline.

In June, it completed an initial inferred resource estimate on the Timok Lower Zone, a joint venture with Freeport-McMoRan (NYSE: FCX).

The resource tallies 1.7 billion tonnes grading 0.86% copper and 0.18 gram gold per tonne.

The next steps for Nevsun at Timok includes finishing a drilling program aimed at identifying more high-grade Upper Zone-style mineralization.

Nevsun will also release a technical report with an initial resource estimate for the Lower Zone in the third quarter of 2018.

Nevsun chairman Ian Pearce pointed out that Nevsun’s stock trades above Lundin’s offer price, and said this is evidence the Lundin offer undervalues Nevsun’s assets. Nevsun’s shares were trading 4% above Lundin’s offer as of Aug. 10.

Nevsun said its financial advisors, BMO Nesbitt Burns and Citigroup Global Markets, both submitted opinions to Nevsun’s board that the deal fails to reflect Nevsun’s fundamental value.

Nevsun’s board also said they expect more favourable deals to come through, releasing information on the other proposals it has received for the first time.

The company said it has signed nondisclosure agreements with 18 parties since March 2017.

That process culminated on Aug. 7, with four proposals from major and mid-tier mining and smelting companies to help develop the Timok project.

A decline construction at Nevsun Resources’ Timok copper-gold project in Serbia. NEVSUN RESOURCES

“THERE IS A RISK OF SUBSTANTIAL NEVSUN SHAREHOLDER DILUTION IF OUR OFFER IS NOT ACCEPTED.” PAUL CONIBEAR CEO, LUNDIN MINING

Those proposals included offers to buy up to a 19.9% equity interest in Nevsun. Three of those proposals to acquire a non-controlling interest are at a premium to the price offered by Lundin for all of Nevsun’s shares.

For its part, Lundin has rejected the counter claim.

“Our most recent offer represents full value for Nevsun and its assets.

The offer takes into account and reflects the most recent results reported by Nevsun, including the latest disclosure on the Timok upper zone, the Timok lower zone, Timok concession exploration potential and the Bisha mine,” Conibear said on the company’s second-quarter conference call on July 25.

Lundin noted its $1.4-billion

Lundin Mining CEO Paul Conibear, who retires this year.

Lundin Mining’s chief financial officer and soon-to-be CEO Marie Inkster.

(US$1.1-billion) offer for Nevsun represents an 82% premium to Nevsun’s $2.61 closing price on Feb. 6 (the date of its first offer to Nevsun related to its interest in acquiring Timok), and a 33% premium to Nevsun’s $3.58-per-share closing price on April 30 (the date of Lundin Mining’s prior proposal to Nevsun).

Lundin implored Nevsun shareholders to accept the offer, arguing it is better positioned — financially and operationally — to develop Timok and Bisha.

“There is a risk of substantial Nevsun shareholder dilution if our offer is not accepted, as Nevsun needs significant financing in the near-term in the form of equity, stream royalty and/or debt. Further,

there is a notable risk that both Timok and Bisha are not developed optimally due to the lack in Nevsun’s financial capability, not only now, but in the years ahead,” said Conibear, who will retire by yearend and be succeeded by current chief financial officer Marie Inkster.

Lundin’s origina l of fer excluded the Bisha mine in Eritrea. Explaining its inclusion in the company’s most recent proposal, Conibear said, “Our prime interest is Timok. We do have background in Eritrea, but as currently stated [Bisha] has a four-year mine life … we realized we need to come in over the top, keep this deal as simple as possible, and that’s what we’ve done.”

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Lundin made no mention of any potential contingent liabilities it would assume as a result of Nevsun’s ongoing legal troubles. The company is being sued in British Columbia’s Supreme Court alleging it was complicit in the use of forced labour by local contractors at Bisha.

The three plaintiffs — Gize Yebeyo Araya, Kesete Tekle Fshazion and Mihretab Yemane Tekle — allege they were held against their will and subjected to physical abuse and torture at the mine.

The plaintiffs were employed through the same military national service program the United Nations has described as “mass enslavement.”

Nevsun has denied the plaintiffs’ claims and argued it isn’t legally liable for their treatment anyway, since it was not their direct employer. Its bid to block the lawsuit — which centred on the claim that Eritrean courts should have jurisdiction over the case — was rejected by the British Columbia Court of Appeal in 2017.

This June, however, the Supreme Court of Canada agreed to hear Nevsun’s appeal. That hearing is tentatively scheduled for Jan. 23, 2019.

Lundin’s current bid is open until Nov. 9, 2018. TNM

4

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O P- E D

| Comex gold shorts hit all-time high

T

he dog days of summer are upon us in North America, and this year for the mining industry the biggest dogs are gold and copper — the two leading precious and base metals, which have seen precipitous price drops in the face of a strong U.S. dollar and U.S. Treasuries in mid-2018.

BY JOHN CUMMING As we go to press, the spot price for jcumming@northernminer.com gold has slumped below the long-held US$1,200 per oz. support line, and rests at US$1,194.10 per oz., after regularly plowing through a series of one-year lows. That’s down US$46.90 from 30 days ago, and off US$87.50 from a year ago.

The signs don’t look good in the short-term, with gross Comex short positions for gold at a record high in mid-August and the trade-weighted U.S. dollar at a 13-month high — propelled even higher in recent weeks, as Turkey’s economic and lira crisis deepens.

(Turkey was the second-highest, official-sector gold buyer, behind only Russia, in the first half of 2018, though the buying has slowed of late.)

Meanwhile, the rest of the precious metals group has slumped.

Spot silver is at US$15.01 per oz., with Comex silver shorts and inventories both at all-time highs, little more than 11 months since silver traded above US$18 per ounce. Platinum is trading at US$800 per oz., despite Impala Platinum unveiling plans to slash 13,000 jobs over the next two years. Palladium is at US$892 per ounce, as Norilk Nickel ramps up production of both platinum and palladium — both up 5% so far this year.

Oil prices have also seen downward pressure, as continued trade tensions between the U.S. and China suggest future cooling in global economic growth.

For the time being, gold and silver enthusiasts are comforting themselves with the argument that prices for both metals will recover later this year, as what they see as “inevitable” Federal Reserve rate hikes lower the value of the U.S. dollar, with gold and silver prices getting a little extra juice from a short-covering rally.

(Though, of course, this may well be already baked into the current precious metal prices.)

Over in the copper space, the picture is equally uninspiring, with spot prices at US$2.72 per lb. at press time, or a 13-month low.

Prices had been well above US$3.20 per lb. as recently as early June before tumbling to US$2.80 per lb. for several weeks, and taking another leg down at press time.

The five-year price chart for copper is particularly galling, with US$2.50 per lb. looking like another major support level ready for breaching.

Weaker-than-expected economic growth in China — the largest copper consumer — is seen as the culprit in copper’s price decline, made worse by the possibility of a strike being averted at the large Escondida copper mine in Chile.

The big picture for copper’s supply and demand is still compelling, however.

In a new study, S&P Global Market Intelligence found that while the US$26.6 billion allocated to copper exploration over the past decade is more than double the US$12.4 billion spent over the preceding 18 years, this higher spending has so far failed to bring corresponding discoveries, compared with the previous period, with S&P finding that only 140 million tonnes of copper were defined in 29 discoveries over the last decade, versus 862.8 million tonnes in 191 discoveries in the preceding 18 years. TNM

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

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

COMPANY INDEX Alacer Gold. . . . . . . . . . . . 12 Alcoa . . . . . . . . . . . . . . . . . 14 Argonaut Gold. . . . . . . . . 12 Arizona Mining. . . . . . . . . 9 Azarga Uranium . . . . . . . 13 Capstone Mining. . . . . . . 10 Cleveland-Cliffs. . . . . . . . 14 Coeur Mining. . . . . . . . . . . 9 Condor Gold . . . . . . . . . . . 8 Copper Mountain Mining . . . . . . . . . . . . . . . 5 Crystal Peak Minerals. . . 11 Equinox Gold. . . . . . . . . . 10 Euro Sun Mining. . . . . . . . 3 Fission Uranium . . . . . . . . 1 FMC. . . . . . . . . . . . . . . . . . 14 Freeport-McMoRan . . 3,14 General Moly. . . . . . . . . . 11 Go Cobalt Mining. . . . . . 16 Gold Reserve . . . . . . . . 1,12 Gold Resource. . . . . . . . . 12 Gold Standard Ventures.10 Goldcorp. . . . . . . . . . . . . . 16 Golden Minerals . . . . . . . 12

Golden Reign Resources. . . . . . . . . . . . . 8 Hecla Mining. . . . . . . . . . 12 K2 Gold. . . . . . . . . . . . . . . 16 Leagold Mining. . . . . . . . . 5 Lundin Mining. . . . . . . . . . 3 Marathon Gold. . . . . . . . . 16 McEwen Mining . . . . . . . . 9 Minerals Technologies. . 14 Mosaic. . . . . . . . . . . . . . . . 14 Nevsun Resources. . . . . . . 3 New Gold . . . . . . . . . . . . . . 9 Newmont Mining . . . . 9,14 NexGen Energy. . . . . . . . . 2 NioCorp Developments. . . . . 11,13 Northern Empire Resources. . . . . . . . . . . . . 9 NovaGold Resources. . . . . 9 Paramount Gold Nevada. . . . . . . . . . . . . . 11 Peabody Energy. . . . . . . . 14 Pershing Gold. . . . . . . . . . 11 Polymet Mining. . . . . . . . 10

Premier Gold Mines. . . . 10 Rare Element Resource. . 13 RJK Explorations. . . . . . . 16 Royal Gold . . . . . . . . . . . . 14 Santa Fe Gold. . . . . . . . . . 12 Scandium International Mining . . . . . . . . . . . 11,13 Sokoman Iron. . . . . . . . . . . 1 Solaris Copper. . . . . . . . . 10 Solitario Zinc. . . . . . . . . . 11 Southern Copper. . . . . . . 14 SSR Mining. . . . . . . . . . . . . 9 Sunvest Minerals. . . . . . . 16 Tahoe Resources . . . . . . . . 9 Tasca Resources. . . . . . . . 16 Teck Resources. . . . . . . . . . 9 Texas Mineral Resources. . . . . . . . . . . . 13 Treasury Metals. . . . . . . . 16 TriStar Gold . . . . . . . . . . . 11 Uranium Energy . . . . . . . 13 Ur-Energy. . . . . . . . . . . . . 13 Vista Gold. . . . . . . . . . 11,12 Vulcan Minerals. . . . . . . . 16 Westwater Resources. . . . 13

Replenishing the diamond pipeline COMMENTARY | Alrosa’s Luaxe and VerkhneMunskoe only two large development projects

BY PAUL ZIMNISKY Special to The Northern Miner

G

iven that most of the highly economic diamond deposits in the world have already been put into production, diluted via expansion or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.

Miners are left with a fairly limited decision to replenish their declining resource bases by either discovering or buying greenfield projects, or expanding their existing legacy mines, thereby elongating the life of mine, but typically at lower-quality economics.

The uncertainty surrounding greenfield projects tends to be a risky proposition given the operational complexities of a brandnew mining operation, constantly changing economics based on real-world variables, and substantial financing and capital expense requirements, especially in the case of Canada’s remote Arctic, for example.

Geopolitical risk also plays a significant role in the case of jurisdictions like Angola, Zimbabwe and the Democratic Republic of the Congo. Further, Russia — the largest diamond producing nation in the world — is off limits to outsiders, as the government considers diamonds a strategic resource.

Expansion projects tend to offer lower risk relative to greenfield projects, given that operational, economic, and geopolitical risks have already been experienced, reconciled or at least properly gauged.

That said, expansion projects in some cases can be as costly as new mine construction, in the billions of dollars, especially if the project involves a large new open-pit cut or transitioning from an open-pit to underground operation.

Figure 1 on page 15 provides a sample of current diamond mine operating margins based on 2018 estimates, where operating margin is considered value per tonne of ore at a given mine, minus the cash cost to produce a tonne of ore at the mine. The mines falling on the bottom right quadrant of the figure are shown to be of highest margin.

In general, mine economics have gravitated away from the “high margin area” in recent years, as most new mines offer lower-quality resources than in the past and legacy mine economics have diminished, as the most economic

ore has depleted.

Value per tonne in Figure 1 is calculated as ore grade multiplied by average diamond price per carat, and cash cost is the cost to mine and process a tonne of ore inclusive of waste stripping, but exclusive of mine construction costs and sustaining capital expense.

That said, while this analysis provides a glimpse into the economics of a given mine, it only serves as a partial relative analysis, since resource size, capital expense and geopolitical variables are not factored in.

Given the time value of money and subjective depreciation methods of capital expenses (i.e. mine construction and capitalized expansion investment), a complete relative profitability comparison of current producing mines is difficult.

Also, variables such as value per tonne of a given mine are constantly changing, given the sensitivity to grade, which depends on factors such as strip ratio and the portion of the orebody being mined, as is the average diamond price, which is influenced by the diamond population produced at a given time.

Further, geopolitical factors such as government royalties, taxes and nationalization risk influence a mine’s profitability, which can vary greatly depending on the jurisdiction.

Solely based on operating margin as described above, De Beers’ Jwaneng mine in Botswana (De Beers is 85% owned by Anglo American and 15% by the Botswana government) and Alrosa’s International and Nyurbinskaya mines are the richest large-scale commercial diamond mines in the world. Jwaneng has been in production since 1982; International, since 1971; and Nyurbinskaya, 2003.

De Beers recently completed an open-pit expansion referred to as “Cut-8” at Jwaneng to extend the life-of-mine to 2024. After eight years of construction and a US$3-billion capital expense, Cut8 preserves operations at what is easily the most valuable diamond mine in the world.

Jwaneng tonnage is estimated to be worth over US$250 per tonne relative to a cash cost estimated to be less than US$40 per tonne. In addition, Jwaneng hosts a massive resource of almost 350 million carats.

See COMMENTARY / 15

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

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The crusher circuit in operation at Copper Mountain Mining’s namesake copper mine in British Columbia. COPPER MOUNTAIN MINING

Copper Mountain positioned for growth at flagship mine in BC COPPER

BY RICHARD QUARISA

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rquarisa@northernminer.com

opper Mountain Mining (TSX: CMMC; US-OTC: CPPMF) is wrapping up the second phase of a three-part exploration program at its New Ingerbelle copper property, 1 km west of its Copper Mountain mine near Princeton, British Columbia.

The second phase encompasses 10,000 metres in 30 holes. Results so far have come from the first seven holes and include 0.44% copper, 0.60 gram silver per tonne and 0.29 gram gold per tonne over 165 metres from 147 metres downhole and 0.71% copper, 0.87 gram silver and 0.47 gram gold over 105 metres from 132 metres downhole.

The company says the next phase of work will be mostly infill-drilling, but stepping out where there is high potential.

“We’re quite pleased with the results that we’re getting to date, and we see unbelievable potential at New Ingerbelle,” Gil Clausen, Copper Mountain president and CEO, says in an interview with The Northern Miner. “We will likely be approaching the board of directors to determine their appetite for moving up the drilling program.”

Phase one, which consisted of 22 holes, confirmed historical data and allowed progress to phase two.

The company says phase two will expand the resource area at New Ingerbelle and help upgrade inferred resources to the measured and indicated categories.

Based on historical data, New Ingerbelle has 104 million inferred tonnes grading 0.42% copper equivalent.

The company hopes the threephase program will provide the basis for a feasibility study at New Ingerbelle. To start the feasibility study, the company would like at least 150 million measured and indicated tonnes at New Ingerbelle.

It says this could add a decade to Copper Mountain’s mine life.

“We’re getting to the point where we have a sizable resource, so that we can then move into a study phase,” Clausen says.

Copper Mountain produced 23.1 million equivalent lb. copper in 2018’s second quarter — 13% more than the second quarter of the previous year. For the first six months of the year, the company produced 46 million equivalent lb. copper, or 39.9 million lb. copper, 12,600 oz. gold and 146,300 oz. silver.

The company says it is on track to

| Making progress at newly acquired Australian copper projects

meet its 2018 production guidance of 80 million lb. copper. It mined 214,500 tonnes per day in the second quarter — 13% above guidance — and milled 37,000 tonnes per day at 0.34% copper.

However, the company expects stronger production in the second half of 2018. It says production was impacted in the second quarter because it had to repair two mill transformers and perform a routine change on a semi-autogenous grinding mill liner. Maintenance shut the mill down for five days. The company says it offset the impact by processing higher-grade ore.

The company will also look to replace its dry transformers at the Copper Mountain mill over the next year with oil-filled transformers.

Clausen says the oil transformers are built for a harsher environment and better suited to the type of work.

The company plans to release its second-quarter financials on Aug. 7, 2018.

It also plans to spend $5 million exploring its copper-gold landholdings in Queensland, Australia. Copper Mountain acquired the land when it bought out Altona Mining in mid-April 2018 for $72 million.

The deal included the fully permitted Eva copper project, several regional assets and $30 million in cash.

The company is progressing Eva to a feasibility study it aims to complete in 2018’s third quarter. It would like to begin construction at Eva early next year. Based on a previous study, the company estimates the open-pit project could produce 85 million lb. copper per year over 14 years. It remains open to depth.

In a 2017 drill program, Altona tested the Companion, Veiled and Quamby prospects in Queensland.

Highlights include: 1.48% copper and 0.98 gram gold over 32 metres from surface at Companion; 0.53% copper and 0.23 gram gold over 74 metres from surface at Veiled; and 0.61% copper and 4.23 grams gold over 13 metres from 29 metres downhole at Quamby.

Clausen says Copper Mountain started its Australian exploration program a few months back.

“We’re systematically doing soil sampling and geochemical analysis over a large area that includes extensions on our existing deposits at the Eva copper project,” Clausen says. “But we’re also looking at the land package all the way down to Cloncurry, where we have about a 100-kilometre continuous band of landholdings that have highly prospective targets.”

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The drilling includes water testing at Eva that Clausen says has so far been successful.

He adds that in the next few weeks the company will drill in another area it’s calling the Cameron copper project, located 60 km south of Eva in an area called Cameron Crossing.

The project is a combination of two prospects located next to one another: the Reaper prospect and the Companion prospect.

Altona had previously drilled both targets. Copper Mountain has done soil analysis on the project and will supplement its drilling with geophysical work.

“I would term that the next big copper target in Australia that we have, after our Eva project,” Clausen says. “It has the potential to be a

new mine.”

While the company hasn’t disclosed the scope of the program at Cameron, it says it will monitor the drilling on a hole-by-hole basis.

“If you look at our project pipeline, it looks like if we’re successful we’ll be able to move an asset into cashflowing position when the next asset is ready for the development and construction cycle,” Clausen says.

“In two or three years, with hopefully a strong copper price, the company will have two cash-flowing assets with additional growth on the table.”

Clausen took over as Copper Mountain’s CEO on June 1, 2018.

Before this, he served as CEO of Brio Gold, which Leagold Mining (TSX: LMC; US-OTC: LMCNF) acquired

NorthernMiner.pdf 1 8/8/2018 5:39:41 PM

in early 2018 for US$279 million.

“I followed Copper Mountain for years,” Clausen says. “Growth at Copper Mountain is timed perfectly, in our view, with a developing bull market for copper over the next six to eight years.

“There’s nobody out there in the copper sector, companies our size especially, that have this type of manageable growth that’s going to create so much value to the shareholders and can be done in a nondilutive way.”

Shares of Copper Mountain are valued at $1.17, within a 52-week range of 95¢ to $1.85. The company has a $225-million market cap.

Copper Mountain owns 75% of the Copper Mountain mine while Japan’s Mitsubishi owns the rest. TNM

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AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

Diamonds in Canada Symposium 2018 SCRAPBOOK  

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| Diamond industry gathers for first event of its kind in Toronto

n June, The Northern Miner hosted the inaugural Diamonds in Canada Symposium at the Fairmont Royal York Hotel in downtown Toronto.

The half-day event featured Canadian diamond industry fatherdaughter icons Grenville and Eira Thomas, as well as Paul Zimnisky and Matt Manson. Listen to event highlights on the Northern Miner Podcast for free at www.soundcloud.com/northern-miner.

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THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

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PHOTO CAPTIONS 1 Sponsor poster. 2 Trio chatting, from left: Jarek Jakubec, SRK Consulting diamond consultant; George Read, senior vice-president of exploration and development at Star Diamond; and Matt Manson, president and CEO of Stornoway Diamond. 3 Canadian diamond pioneer Lee Barker (centre) with Eira Thomas, CEO of Lucara Diamond, and Jon Baird. 4 Latest issue of Diamonds in Canada. 5 John Cumming (standing), editor-in-chief of The Northern Miner, and Matt Manson.6 Northern Miner staff greet conference attendees, including Alisha Hiyate (centre), editor of Diamonds in Canada magazine. 7 Posing for a photo, from left: Eira Thomas and Reena Ahluwalia, prestige international jewellery designer. 8 At the podium: Ken Armstrong, president and CEO of North Arrow Minerals.

9 Anthony Vaccaro, publisher of The Northern Miner Group.

10 Eira Thomas. 11 Panel speakers, from left: Matt Manson; Peter Ravenscroft, managing director of Burgundy Diamonds; and George Read.12 Grenville Thomas (left), chairman of North Arrow Minerals, and Alan W. Davies, vice-president of exploration at Talmora Diamond. 13 Diamond industry analyst Paul Ziminisky and Dunnedin Ventures president Claudia Tornquist. 14 Canadian diamond industry pioneers Chris Jennings and Pat Sheahan (foreground). 15 SRK Consulting diamond consultants Casey Hetman (left) and Jarek Jakubec.  PHOTOS BY ERIK ROTTER PHOTOGRAPHY

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AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

Condor eyes end to drawn-out permitting in Nicaragua GOLD

BY RICHARD QUARISA

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rquarisa@northernminer.com

fter a nearly two-year delay, Condor Gold (TSX: COG; US-OTC: CNDGF; LON: CNR) is confident the Nicaraguan government will soon issue the company an environmental permit to build and operate a 2,800-tonnepe- day processing plant at its La India gold project in the country’s northwest.

Condor attributes the initial delay to Nicaragua’s November 2016 presidential elections. Along the way it also decided to adjust its mine plan.

Under the original design, the company would have had to move 330 houses, or 1,000 people.

“In January of this year we filed with the government to redesign the mine to avoid any resettlement at all,” Condor CEO Mark Child says during a telephone interview with The Northern Miner. “And that went down very well.”

Three Nicaraguan ministries — environment, energy and mines, and forestry — visited La India for a final site inspection this March.

They came back with a list of 10 technical questions, wanting, for example, Condor to perform more hydrology on its proposed tailings storage facility.

The final permitting stage in Nicaragua is a public consultation.

Condor held theirs in July, and nearly 500 people attended from the village of La Cruz de La India. In the run up to the public consultation Condor bolstered its social team and began distributing 360, fivegallon drinking water containers on a weekly basis.

“Permits in Nicaragua are very much granted by the bottom up,” Child says. “You have to win over the community.”

A government committee takes community feedback and deter-

THE PERFECT

GIFT

| New mine plan avoids need to resettle village

“PERMITS IN NICARAGUA ARE VERY MUCH GRANTED BY THE BOTTOM UP. YOU HAVE TO WIN OVER THE COMMUNITY.” MARK CHILD CEO, CONDOR GOLD

mines whether to grant the permits.

Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) held its public consultation in August 2017.

The company was trying to permit its 500-tonne-per-day San Albino gold project in Nueva Segovia, Nicaragua. It received its permit less than three weeks later.

“Nicaragua’s going through quite a bit of turmoil at the moment, but the ministries are working,” Child explains. “Two and a half weeks ago I sat down with the minister of mines. Gold is the third biggest export there. They see it as a strategic asset. This creates jobs.”

Nicaragua’s November 2016 elections saw Daniel Ortega re-elected as president for the third consecutive term.

In April 2018, he proposed reforms to the nation’s social security system that lowered retired worker’s pensions. Violent protesters soon pressured Ortega into withdrawing the reforms.

The protesters continued, however, demanding Ortega and his Sandinista party resign. Though Ortega was once a popular figure, his opposition claims he has become an autocrat bent on establishing a family dynasty.

Violence escalated. Molotov cocktails collided with rubber bullets.

Blockades built by locals created

A drill site on the America vein at Condor Gold’s La India gold project in Nicaragua. CONDOR GOLD

gridlock. During a nearly threemonth period, some Condor staff could not get home to certain parts of the country.

“I thought at the time: this is a moment of madness,” Child says.

Tensions have cooled, but remain.

The government has removed blockades. People are able to see their families.

Still, 300 people have since died in clashes between protesters and paramilitary gunmen.

“The political risk factor’s gone up, so raising cash going forward will be more difficult,” Child says. “We don’t know with any great certainty how this is all going to pan out, but I’m seeing stability coming back in and things returning to normal.”

He says Condor knows what it wants to do over the next 12 months, from the time it receives its permits.

The company wants to upgrade its

2014 prefeasibility study to a bankable feasibilitystudy. In the earlier study, Condor only considered part of the property, the La India vein set, where it could mine 6.9 million tonnes at 3 grams gold per tonne over eight years from a single open pit.

The project would produce 74,000 oz. gold and 99,200 oz. silver per year.

At a US$1,250 gold price, the project would have a US$91.7-million, after-tax net present value at a 5% discount rate and a 22% after-tax internal rate of return. It would require a US$110-million initial capital expense.

The company later prepared a preliminary economic assessment detailing two options for progressing the project.

The first would add two feeder pits called America and Central Breccia that would increase the plant feed to 1.2 million tonnes per year from

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800,000 tonnes per year.

The second would add two underground operations, one at La India and one at America. It would increase production to 1.6 million tonnes per year.

The first scenario increases the after-tax net present value to US$124.2 million at a 5% discount rate. The second increases it to US$186.6 million at 5% discount rate.

The open-pit reserve at La India is 6.9 million probable tonnes at 3 grams gold and 5.3 grams silver for 675,000 oz. gold and 1.18 million oz. silver.

La India and America together contain 9.5 million indicated tonnes at 3.5 grams gold for 1.08 million oz. gold and 5.8 grams silver for 1.79 million oz. silver and 5 million inferred tonnes at 4.2 grams gold for 692,000 oz. gold.

Another zone not included in previous studies, Mestiza, contains 1.5 million inferred tonnes at 7.5 grams gold for 330,000 oz. gold as of a 2014 estimate.

The company also wants to finetune its mining rate.

“Now we can either mine at the prefeasibility study level, or do it in six years at a faster mining rate of 100,000 oz. gold a year,” Child says.

“We’re trying to get that optimal schedule.”

It also wants to further drill its feeder pits, with the hope of adding 20,000 to 40,000 oz. gold per year and another million ounces of gold to the overall resource. It says it has a lot of drill-ready targets. Once it gets its permits, however it will still need to raise more cash.

The company raised £2.5 million in March, but says that only allows it to get its permits, with up to 18 months of working capital.

“If we came back and said, ‘by the way, we’ve got the permits,’ that’s a different story,” Child says.

“With the Canadian listing I’d like to get that sort of household-name miner in Canada to take 10% of the company, because that will draw attention of the Canadian retail, and people will sit up and start to take notice.”

Condor listed on the Toronto Stock Exchange this January. It has listed on the London Stock Exchange for 12 years — the same amount of time it has operated in Nicaragua.

Shares of Condor are valued at 61¢ with a 52-week range of 47¢ to $1.75.

They have been declining since January. The company has a $48-million market capitalization. TNM

US TOP 10

SPECIAL FOCUS

Top 10 US-based, mid-tier precious metals NEW MOVES |

Acquisitions, CEOs, discoveries over the last year

BY RICHARD QUARISA rquarisa@northernminer.com

An electric shovel dumps material into a haul truck at SSR Mining’s Marigold gold mine in Nevada. SSR MINING

Top 10 Canada-based juniors with substantial assets in the US FRIENDLY NEIGHBOURS

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anadian junior companies have a large presence south of the border. The Northern Miner presents its top-10 list of the biggest Canada-based juniors with substantial assets in the U.S., by market capitalization: 1. ARIZONA MINING Market cap: US$1.47 billion Arizona Mining (TSX: AZ; USOTC: WLDVF) tops our list this year, but that won’t happen next year. That’s because South32 (LON: S32; ASX: S32) is acquiring the remaining 83% of Arizona’s shares it doesn;t already own in a deal valued at US$1.3 billion. Arizona Mining says the deal gives the company a total equity value of US$1.6 billion.

South32 offered to acquire the company at $6.20 per share, in a 50% premium to the price on June 15, 2018. After the announcement, shares of Arizona Mining shot up above $6.10 a-piece. At press time it traded at $6.20.

Arizona’s flagship Hermosa zinc project is located 80 km southeast of Tucson, Arizona. It contains 101 million measured and indicated tonnes grading 10.4% zinc equivalent. It remains open in several directions.

2. NOVAGOLD RESOURCES Market cap: US$1.4 billion NovaGold Resources (TSX: NG; NYSE-AM: NG) recently sold its 50% stake in the Galore Creek gold project in northern B.C. in a deal that could net the company as much as US$275 million.

Upon closing the deal, Newmont Mining (NYSE: NEM) will pay NovaGold US$100 million. The remaining US$175 million is broken into three staged payments and contingent on Newmont meeting certain milestones: a prefeasibility study, a feasibility study and project construction. Newmont has committed to completing the

| Canadian firms advance projects from Arizona to Minnesota

prefeasibility study over the next four years. Galore Creek is now a joint-venture between Newmont and Teck Resources (TSX: TECK.A; NYSE: TECK).

NovaGold can now focus solely on its interest in the large but remote Donlin Gold project in southwestern Alaska, which is a 50-50 joint venture with Barrick Gold (TSX: ABX; NYSE: ABX).

Donlin Gold is one of the world’s largest, undeveloped gold deposits, with measured and indicated resources of 541 million tonnes grading 2.2 grams gold per tonne for 39 million contained oz. gold, plus 92 million inferred tonnes grading 2 grams gold.

3. SSR MINING Market cap: US$1.24 billion SSR Mining (TSX: SSRM) recently updated the mine plan for its Marigold gold mine in Nevada, incorporating a sustained mining rate from additional haul trucks it added in 2016, 2017 and 2018 mineral reserves. It says the project is set up for at least 10 more years of mining.

The company predicts Marigold could produce more than 265,000 oz. gold in 2021 and 2022 — a 30% increase over 2017 production. SSR predicts Marigold will produce 218,000 oz. gold in 2019 and 2020, but will average 236,000 oz. gold over the next six years.

The mine has been in production for 29 years. It opened in 1989 with an initial eight-year mine life.

4. MCEWEN MINING Market cap: US$786 million McEwen Mining (TSX: MUX; NYSE: MUX) has hired Chris Stewart as its president and CEO to replace Xavier Ochoa, who resigned in July.

The firm has closed a US$50 million senior-secured three-

year term loan, with the funds earmarked for completion of construction at its new Gold Bar gold mine in Nevada, and for general purposes.

Rob McEwen — McEwen Mining’s chairman and self-described “chief owner,” with 24% of the firm’s 337 million outstanding shares — is participating as lender for half of the US$50-million loan.

McEwen’s pr i ncipa l assets consist of: the San Jose mine in Santa Cruz, Argentina (49% interest); the Black Fox mine in Timmins, Ontario; the El Gallo Fenix project in Mexico; the Gold Bar mine in Nevada, currently under construction; a nd t he large Los Azules copper project in Argentina, advancing towards

development.

5. NEW GOLD Market cap: US$726 million In May New Gold (TSX: NGD; NYSE-AM: NGD) appointed Raymond Threlkeld as its new president and CEO, replacing Hannes Portmann. Threlkeld has been on New Gold’s board since 2009.

New Gold’s sole operating mine in the U.S. is its Mesquite gold mine in southeastern California’s Imperial Couty, 70 km northwest of Yuma, Arizona.

Owned 100% by New Gold, the former producer was restarted in January 2018 and in recent years has produced well in excess of 100,000 See CANADA-US / 10

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he Northern Miner presents its top-10 list of the largest U.S.headquartered mid-tier to junior precious metal companies, by market capitalization: 1. COEUR MINING Market cap: US$1.5 billion Chicago-based Coeur Mining (NYSE: CDE) comes in at the top of our list. In a friendly bid in early August, Coeur moved to acquire Northern Empire Resources (TSXV: NM; US-OTC: PSPGF) in a deal valued at $117 million.

Northern Empire’s flagship asset, the 143 sq. km Sterling gold project, is located 185 km from Las Vegas and hosts four heap-leachable deposits that total 709,000 inferred oz. gold grading 2.23 grams gold per tonne.

The acquisition fits with Coeur’s preexisting Nevada asset, the Rochester gold-silver mine, 13 km northeast of Lovelock. The mine produced 4.7 million oz. silver and 51,061 oz. gold in 2017.

2. TAHOE RESOURCES Market cap: US$1.3 billion Tahoe Resources (TSX: THO; NYSE: TAHO) went through some internal reorganizing this June when company president and CEO Ronald See MID TIER / 12

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AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

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The historic Erie taconite processing plant, which Polymet Mining plans to refurbish for processing ore from its nearby Northmet polymetallic project in Minnesota. POLYMET MINING

Top 10 Canada-based juniors with substantial assets in the US CANADA-US From 9

oz. gold annually.

Reserves at Mesquite tally 1.5 million oz. gold, with resources of 800,000 oz. gold.

6. GOLD STANDARD VENTURES Market cap: US$429 million Gold Standard Ventures (TSX: GSV; NYSE-AM: GSV) is drilling its Railroad–Pinion gold project in Nevada’s Carlin trend. The company recently reported results from 31 reverse-circulation holes and two core holes at the project’s Dark Star deposit. To date the deposit has

received nearly 20,000 metres of infill, step-out and geotechnical drilling across 121 holes. The current drilling confirms the system remains open to the north, west and at depth.

Highlights include: 10.7 metres from 123 metres downhole at 3.04 grams gold and 24.4 metres from 145 metres downhole grading 3.36 grams gold.

The company also drilled 28 holes in the project’s Jasperoid Wash deposit, 7.5 km southwest of Dark Star. Highlights include: 4.6 metres from 54 metres downhole at 1.56 grams gold and 9.1 metres from 183 metres downhole at 1.01

grams gold.

7. PREMIER GOLD MINES Market cap: US$396 million Premier Gold Mines (TSX: PG; US-OTC: PIRGF) recently tabled a preliminary economic assessment for its Cove gold-silver project in Nevada. According to the study, the project has a $142-million, after-tax net present value at a 5% discount rate and a 48% after-tax internal rate of return. The project could produce 92,000 oz. gold per year over eight years and average recoveries of 82.7% for gold and 21.6% for silver.

The company is drilling 40,000 metres at its Mercedes gold mine in

Mexico as it tries to expand the main gold bearing horizon and test new areas on the property. Underground drilling at the mine’s Rey de Oro deposit has already extended the deposit’s high-grade vein system.

8. EQUINOX GOLD Market cap: US$341 million In early August, Equinox Gold (TSXV: EQX; US-OTC: EQXFF) spun out its copper assets into Solaris Copper, and now owns 40% of the newly formed company. Equinox shareholders own the remaining 60% of Solaris.

Equinox is focused on bringing its Aurizona gold mine in Brazil

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and Castle Mountain gold mine in California into production. As a result of the asset transfer, Equinox began trading under new symbols on the TSX Venture Exchange and the OTC Market in the United States.

The company has begun stockpiling ore at Aurizona. It’s installing semiautogenous grinding and ball mills, and says construction is 60% complete. The US$146-million, preproduction budget is fully funded.

So far, the company has spent US$64 million.

9. CAPSTONE MINING Market cap: US$292 million Capstone Mining’s (TSX: CS) chief asset in the U.S. is its Pinto Valley open pit copper-molybdenum-silver mine and associated mill, located 125 km east of Phoenix, Arizona.

The mill thoughput was 53,850 tonnes per day in 2017, producing 57,300 tonnes of copper.

There are at least 21 years of mine life left and the operations employ 651 people, including contract employees.

The company produced 16,336 tonnes payable copper across all its operations in 2018’s second quarter, down from 18,914 tonnes the year before. It generated US$28.8 million in cash flow in the quarter, up from US$4.1 million the year before.

10. POLYMET MINING Market cap: US$252 million Polymet Mining (TSX: POM; NYSE-AM: PLM) moved one step closer to developing its f lagship Northmet polymetallic mine in Minnesota when it acquired another 26.9 sq. km around its orebody from the U.S. Forest Service in June.

In exchange for the land, Polymet transferred 27 sq. km back to the Forest Service that it will add to the Superior National Forest in northeast Minnesota. Polymet’s land holdings now total 76.8 contiguous square kilometres.

As of a 2013 feasibility study, Northmet has a US$271-million, after-tax net present value at a 7% discount rate and a 10.3% after-tax internal rate of return. The project contains 254 million proven and probable tonnes grading 0.29% copper, 0.08% nickel, 80 parts per billion platinum, 268 parts per billion palladium, 39 parts per billion gold, 74.42 parts per million cobalt and 1.06 parts per million silver. TNM

US TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

11

Top 10 US developers and explorers ADVANCED STAGE

BY LIAM ZISMAN

T

Special to The Northern Miner

he Northern Miner presents its top-10 list of the largest U.S. developers and explorers (with no production).

1. GOLD RESERVE Market cap: US$237 million Spokane-based Gold Reserve (TSXV: GRZ; US-OTC: GDRZF) has been collaborating with Venezuelan government-owned Corporacion Venezolana de Mineria S.A. in the development of their Siembra Minera gold-copper project in Venezuela’s Bolivar state, 5 km from Las Claritas, with ownership divided between the company (45%) and the Venezuelan government (55%).

With a preliminary economic assessment of Siembra Minera completed in March 2018, activities started at the project in May 2018, after the local operating company received an environmental permit.

In 2008, Gold Reserve had its licences revoked by the Venezuelan government for its large Brisas goldcopper project in the country, which led to years of legal wrangling and a formal financial settlement in June 2017, which has been partly fulfilled.

2. NIOCORP DEVELOPMENTS Market cap: US$106 million From its headquarters in Centennial, Colo., NioCorp Developments (TSX: NB; US-OTC: NIOBF) is developing its wholly owned Elk Creek critical minerals project in southeast Nebraska, which can produce niobium, scandium and titanium.

Over a 32-year operating life, the mine could annually produce 7,055 tonnes ferroniobium, 103 tonnes scandium trioxide and 11,445 tonnes titanium dioxide, amounting to a US$17.6-billion projected gross life-of-mine revenue.

3. VISTA GOLD Market cap: US$61 million Vista Gold (TSX: VGZ; NYSE-AM: VGZ) is developing its wholly owned Mt. Todd gold project in Australia’s Northern Territory, which the Littleton, Colo.-based junior describes as the “largest undeveloped gold project” in the country, with “worldclass scale.”

A 2018 prefeasibility study shows Mt. Todd could produce 490,000 oz. gold annually during the first five years at all-in sustaining costs of US$678 per oz. gold.

Mt. Todd operated as an open-pit, heap-leach operation, but it was closed in 1997 and abandoned in 2001. Vista picked up the property in 2006 and has since invested US$100 million in the project, including 55,000 metres of drilling.

| Gold Reserve’s Siembra Minera collaboration with Venezuelan gov’t takes top spot 4. PERSHING GOLD Market cap: US$55 million Steve Alfers-led Pershing Gold (TSX: PGLC; NASDAQ: PGLC) is working to reopen its Relief Canyon gold mine complex in northwestern Nevada’s Pershing County, some 150 km from Reno. The mine was operated by Pegasus Gold in the 1990s.

A feasibility study completed in May 2018 shows that a reopened heap-leach operation from three pits could produce 91,000 oz. gold per year over a 5.3-year mine life.

The study shows an 87% after-tax internal rate of return and a US$133million, after-tax net present value.

5. GENERAL MOLY Market cap: US$53 million Based in Lakewood, Colo., General Moly (TSX: GMO; NYSE-AM: GMO) is a pure-play molybdenum company with two assets in development, both in Nevada: the 80%-owned Mt. Hope molybdenum project, which the company describes as “one of the world’s largest and highest-grade moly deposits” (Posco owns the rest), and the wholly owned Liberty moly-copper project.

While pre-construction work at Mt. Hope has been suspended, an open-pit mine at the site could produce 20,000 tonnes molybdenum per year within the first five years of production, with an estimated 30-year mine life. Remaining capital expenses at the site are an estimated US$1 billion on a 100% basis.

Liberty is a dormant open-pit mine that could be reopened to annually produce 7,250 tonnes moly and 3,750 tonnes copper during the first five years of production, with a 32-year life.

General Moly’s largest shareholder at 22% is China’s AMER, which has US$49.7 billion in annual revenue.

6. CRYSTAL PEAK MINERALS Market cap: US$48 million Formerly named EPM Mining Ventures, Salt Lake City-based Crystal Peak Minerals (TSXV: CPM; USOTC: CPMMF) is focusing on its Sevier Playa “sulphate of potash” project in southwestern Utah’s Millard County, where proven and probable reserves stand at 6.2 million tonnes.

Crystal Peak completed a feasibility study on the project in January 2018. The junior aims to produce 298,000 tonnes per year over 30 years using brine extraction and recovery via solar evaporation. The after-tax net present value of the project is US$730 million, with a US$412million estimated capital cost.

7. SCANDIUM INTERNATIONAL MINING Market cap: US$51 million

Based in Reno, Nev., Scandium International Mining (TSX: SCY; USOTC: SCYYF) owns two scandium assets in Australia’s New South Wales state: Nyngan and Honeybugle.

The company aims to turn Nyngan into the “world’s first scandiumonly mine” and says its feasibility study of the project in May 2016 “delivered an expanded scandium resource, a first reserve figure and an estimated 33.1% internal rate of return on the project, supported by extensive metallurgical test work and an independent, 10-year global marketing outlook for scandium demand.”

The reserve at Nyngan is 1.43 million tonnes grading 409 grams scandium per tonne, while measured and indicated resources are 16.9 million tonnes at 235 grams scandium per tonne.

A mine at Nyngan could produce 38,000 kilograms of scandium oxide per year.

Honeybugle is an earlier-stage project without a feasibility study.

8. PARAMOUNT GOLD NEVADA Market Cap: US$26 million From its head office in Winnemucca, Nev., Paramount Gold Nevada (NYSE-AM: PZG) is developing two gold assets in the Western U.S.: Grassy Mountain in eastern Oregon and Sleeper in northwest Nevada.

Paramount completed a prefeasibility study at Grassy Mountain in July 2018 showing that a US$110million underground mine operating at 1,300 tons (1,180 tonnes) per day at an irregular schedule and a mill operating at 750 tons (680 tonnes) per day on a 24-7 basis could annually produce 47,000 oz. gold and 50,000 oz. silver, with an initial nine-year mine life.

The Sleeper gold property includes the past-producing Sleeper gold mine operated by Amax Gold from 1986 until 1996, which yielded 1.66 million oz. gold and 2.3 million oz. silver.

9. TRISTAR GOLD Market cap: US$25 million From its home base in Scottsdale, Ariz., TriStar Gold (TSXV: TSGZF) is developing its Castelo de Sonhos gold project in northern Brazil’s Para state.

The Nick Appleyard-led junior has defined a paleoplacer deposit with resources of 8.9 million measured tonnes grading 1.8 grams gold per tonne for 500,000 contained oz. gold, plus 26.2 million inferred tonnes at 1.2 grams gold for 1 million contained oz. gold.

TriStar recently closed a $2-million equity financing, with proceeds earmarked at Castelo de Sonhos for capital and general corporate purposes.

10. SOLITARIO ZINC Market cap: US$22 Million Denver-based Solitario Zinc (TSX: SLR; US-OTC: X PL) is actively exploring two assets: the Florida Canyon high-grade zinc project in Peru in a joint venture with zinc major Nexa Resources; and the Lik zinc project in Alaska

with partner Teck Resources.

Solitario notes that since its purchase of Zazu Metals in 2017, it has grown from a company with just over 361 million lb. attributable zinc-equivalent in the measured and indicated resource category to one with over 2.76 billion lb. attributable zincequivalent. TNM

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AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

US TOP 10

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A drill site at Northern Empire Resources’ flagship Sterling gold project in Nevada. PHOTO BY RICHARD QUARISA

Top 10 US-based, mid-tier precious metal companies MID TIER From 9

Clayton retired. He was replaced

by James Voorhees, who had served as a director since the company’s inception in 2010.

Voorhees has publicly addressed the company’sdisputewiththeGuatemalan government,withthecompany’sEscobal silver mine in Guatemala having been inactivesinceJuly2017.Thegovernment suspendedTahoe’smininglicenceunder pressure from an anti-mining group, which claimed the country had not consulted with the Xinca indigenous people.

The new CEO said he had sent staff to Guatemala to repair the situation, and would be open to visiting the country and talking with protesters.

Thecompany’ssecond-quarterrevenue and earnings are down significantly compared to the previous year as a result of the troubles.

3. HECLA MINING Market cap: US$1.3 billion Only a couple hundred thousand dollars separate Hecla Mining’s (NYSE: HL) market capitalization from Tahoe’s. In late July the company acquired Klondex Mines

for US$153 million and 75 million shares of Hecla. Hecla was mainly interested in Klondex’s gold mines and exploration assets in Nevada. It spun out the company’s Canadian gold portfolio into Havilah Mining.

Hecla subscribed for 3.45 million Havilah shares, spending US$7 million. It owns 13.46% of Havilah.

Shortlyafter,thecompanyannounced it had begun ramping up drill programs in Nevada. It is continuing explorationprogramsatitsCasaBerardi gold mine in Quebec, its San Sebastian silver-gold mine in Mexico and its Greens Creek silver mine in Alaska.

4. ALACER GOLD Market cap: US$615 million With its market capitalization less than half of Hecla’s, Alacer Gold (TSX: ASR; US-OTC: ALIAF) marks a turning point in our top-10 list. The company’s flagship asset is the Copler gold mine ineasternTurkey,whichproduced168,163 oz. gold in 2017.

The project still contains 49.9 million probable tonnes grading 2.47 grams gold per tonne, 5.58 grams silver and 0.02% copper for 3.9 million oz. gold, 8.9 million oz. silver and 19.18 million lb. copper.

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In July the company tabled positive results from one of its regional assets, the Ardich gold prospect, 6 km northeast of the Copler mine.

Highlights included 50.2 metres from 43.4 metres downhole grading 3.01 grams gold and 68.6 metres from 36 metres downhole at 2.21 grams gold.

The company ended 2018’s second quarter with US$162 million in cash and US$350 million in debt.

5. GOLD RESOURCE Market cap: US$394 million Gold Resource (NYSE-AM: GORO) is drilling its underground Arista gold mine in Oaxaca, Mexico, in an attempt to expand the mine’s vein systems.

From underground drill pads on the project’s 14.5 level, the company drilled 23.3 metres at 2 grams gold and 200 grams silver and 9.9 metres at 2.16 grams gold and 95 grams silver.

The company has expanded its Switchback vein system’s strike length by 100 metres. It now measures 1 km in strike and remains open in all directions.

The company began building its Isabella Pearl gold mine in Nevada’s Walker Lane trend in June. It expects to pour first gold next June. The project contains 2.69 million proven and probable tonnes grading 2.22 grams gold and 13 grams silver for 192,600 oz. gold and 1.12 million oz. silver.

6. ARGONAUT GOLD Market cap: US$313 million Reno-based Argonaut Gold (TSX: AR; US-OTC: ARNGF) is focused on returning its La Colorada gold-silver mine in Mexico to full production after the country’s secretary of national defensesuspendedArgonaut’sexplosives permit in April 2018.

The suspension came as a result of legal action brought against the Mexicangovernmentbyfourindividuals whowentunnamedinArgonaut’spress releases, but alleged that the permit should not have been granted.

During the suspension, Argonaut kept operating the mine at a reduced 12,000-tonne-per-day production rate using available pit material and lowgrade,stockpiledore.In2017,LaColorada operated at 64,000 tonnes per day.

7. GOLD RESERVE Market cap: US$234 million One of the more intriguing companies on our list, Gold Reserve (TSXV: GRZ; US-OTC: GDRZF) has been trying to develop its Brisas gold-copper project in southeastern Venezuela since acquiring it in 1992.

The company invested nearly US$300 million developing the project over the next 15 years. However, as it was nearing construction, Venezuela revoked the company authorization to proceed. As a result, Gold Reserve filed a request for arbitration with the International Centre for Settlement of Investment Disputes in 2009.

In 2014, it awarded Gold Reserve US$740.3 million in damages. In 2017, the company agreed to sell Venezuela its mining data for another US$240 million — though a year earlier it also formed a joint venture with Venezuela to continue developing Brisas.

Venezuela has so far paid US$187.5 million to the company. The country is behind on its payments, and owes US$177 million from December 2017 to May 2018.

8. VISTA GOLD Market cap: US$59.3 million Vista Gold (TSX: VGZ; NYSE-AM: VGZ) is developing its Mt. Todd gold project in Australia, 250 km southeast of Dawson.

In early August, the company announcedpositiveresultsfromitsongoing metallurgical tests. It says that gold recoveries could exceed 90% at Mt. Todd if the final grind stays under 39 microns. It also said testing indicates it can grind fine ore using less power thanitpreviouslythought.Thecompany intends to continue metallurgy that could improve the project’s economics.

In 2018’s first quarter the company tabled an updated prefeasibility study for Mt. Todd. The study contemplates a 50,000-tonne-per-dayprocessingfacility that would produce 382,000 oz. gold per year over 13 years. The project has a US$679 after-tax net present value at a 5% discount rate and a 20.5% after-tax internal rate of return.

9. SANTA FE GOLD Market cap: US$29.4 million Santa Fe Gold (US-OTC: SFEG) has spent the past few months trenching its past-producing Alhambra silver project, part of its newly acquired Black Hawk– Bullard’s Peak district in New Mexico.

Initialresultsfromtheprojectgraded as high as 35.8 oz. silver and 29.7 oz. silver. Santa Fe has said it will continue testing the project and aims to release results soon. It says an unaffiliated study by Texas Mineral Resources (US-OTC: TMRC) values the property at US$839 million.

10. GOLDEN MINERALS Market cap: US$28.3 million Golden Minerals (TSX: AUMN; NYSE-AM:AUMN)recentlydiscovered more veins through surface mapping and sampling at its Santa Maria silvergoldprojectinMexico.Theresultsextend mineralization 600 metres east along strike from previous drilling. Samples taken from surface graded as high as 0.57 gram gold, 347 grams silver and 1.2% zinc.

The company also discovered a new vein, the North vein, 400 metres northeast of the resource.

The company has mapped it over 300 metres, taking 38 samples grading as high as 3.01 grams gold, 196 grams silver, 0.4% lead and 1.08% zinc.

It also found another set of veins 800 metres east of the current resource.

The company has mapped them over a 700-metre strike strike length, grading up to 1.58 grams gold, 207 grams silver,0.24%copper,5.6%leadand19.5% zinc. TNM

US TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

13

Top-8 US uranium, REE juniors STRATEGIC MINERALS

BY COLIN DESMOND cdesmond@northernminer.com VANCOUVER

W

ith the Trump Administration in the U.S. unveliing earlier this year its list of critical minerals vital to the U.S. economy, the need to secure domestic supplies of uranium and rare earth elements gained new impetus among mineral developers and investors. In that spirit The Northern Miner presents its top-eight list of the largest U.S.-headquartered uranium and strategic minerals junior mining companies.

1. URANIUM ENERGY Market cap: US$261 million Texan uranium mining and exploration company Uranium Energy (NYSE-AM: UEC) comes in at the top of our list. The company is positioning itself to become one of America’s leading uranium suppliers, with a portfolio containing measured and indicated resources of 58 million lb. uranium oxide (U3O 8). Inferred resources stand at 45 million pounds.

Uranium Energy’s Slick Rock development project in western Colorado has inferred resources of 69.6 million lb. vanadium and 11.6 million lb. U3O8 .

Its fully permitted Reno Creek in-situ recovery project in Nevada is licensed for 2 million lb. per year of U3O8 production. The two properties — Reno Creek and North Reno Creek — hold a combined 26.3 million lb. U3O8 in measured and indicated resources.

2. UR-ENERGY Market cap: US$109 million Colorado-based junior mining company Ur-Energy (TSX: URE; NYSE-AM: URG) is operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming.

The facility has churned out 2.6 million lb. U3O8 since 2014 and can produce 2 million lb. U3O8 per year.

The company’s newest project, Shirley basin in Wyoming, is just an hour away from Lost Creek.

Ur-Energy bought Shirley basin from Pathfinder Mines in 2013.

Pathfinder produced over 70 million lb. U3O 8 from the 1960s until the 1990s, when low uranium prices forced the mine’s closure.

Shirley basin holds measured and indicated resources of 8.8 lb. U3O8 .

Ur-Energy has submitted the mine application and is working on its other permits.

3. NIOCORP DEVELOPMENTS Market cap: US$106 million NioCorp Developments (US-OTC: NIOBF; TSX: NB) is developing its Elk Creek niobium-scandiumtitanium project in southeast Nebraska. The project’s feasibility study estimated a US$2.3-billion after-tax net present value, 24.3% internal rate of return and 3.4-year payback period. The mine could produce for 32 years. Elk Creek reserves total 31.7 million tonnes grading 0.75% niobium oxide, 2.81% titanium oxide and 71.6 grams per tonne scandium oxide.

All three metals NioCorp plans to produce at Elk Creek were recently designated “critical” to national security by the U.S. government.

The project has received widespread support from local, state and federal governments.

4. SCANDIUM INTERNATIONAL MINING Market cap: US$39 million Scandium International Mining (TSX: SCY, US-OTC: SCYYF) seeks

| Juniors keep busy developing the next sources of strategic assets

to build the world’s first scandiumonly mine in New South Wales, Australia, and the Nyngan scandium project is moving towards construction with government approvals in hand. Reserves total 1.4 million tonnes grading 409 grams scandium oxide per tonne. The project’s feasibility study showed the potential to produce an average of 37.7 tonnes of scandium oxide per year for 20 years, resulting in a US$177-million net present value and 33% internal rate of return.

The company also has a 100% interest in the Honeybugle scandium property, an exploration project next to its Nyngan project.

5. AZARGA URANIUM Market cap: US$16 million Azarga Uranium (TSX: AZZ; USOTC: NIOBF) is attempting to become America’s next uranium developer. The company’s f lagship development is the Dewey Burdock in-situ recovery uranium project in western South Dakota.

Dewey Burdock has resources of 1.4 million tonnes grading 1.3 grams

M CEWEN ASSET RICH

U3O 8 per tonne. The company is awaiting state and federal approvals before advancing the project to construction.

Azarga also owns the Gas Hills and Juniper Ridge projects in Wyoming, the Centennial project in Colorado, the Aladdin deposit in Wyoming, four exploration projects in the U.S. and 70% of the Kyzyl Ompul project in the Kyrgyz Republic.

6. TEXAS MINERAL RESOURCES Market cap: US$10 million Texas Mineral Resources (USOTC: TMRC) is an explorationstage mining company focused on developing its flagship asset, the Round Top Mountain rare earth minerals project near Sierra Blanca, Texas. The company holds a 19-year renewable mining licence from the state of Texas, which holds a 6% net smelter return royalty on the project.

Texas Mineral Resources is working on updating its December 2013 preliminary economic assessment

for Round Top Mountain. Based on current spot pricing, that assessment had a US$1.4-billion net present value after a US$293-million initial capital expense (67% internal rate of return). The initial mine life is estimated at 20 years, with a 1.5-year payback period.

7. RARE ELEMENT RESOURCES Market cap: US$10 million Rare Element Resource (US-OTC: REEMF) is awaiting a turnaround in market conditions to continue developing its flagship Bear Lodge rare earth elements project in northeast Wyoming. Citing low rare earth elements prices and financing difficulties, the company suspended permitting and licensing at the project in January 2016, immediately after receiving a positive environmental impact statement from the U.S. Forest Service.

An October 2014 prefeasibility study demonstrated a 28% aftertax internal rate of return based on rare earth element prices at the time. Bear Lodge has resources of

16.3 million tonnes grading 3% total rare earth oxide using a 1.5% cut-off grade.

8. WESTWATER RESOURCES Market cap: US$10 million Westwater Resources (NASDAQ: WWR) is focused on supplying the metals needed for the clean energy revolution. The company, formerly named Uranium Resources, holds mineral rights for a number of lithium and uranium deposits, mostly in the United States.

In April, Westwater acquired Alabama Graphite to refocus the company’s efforts towards supplying battery manufacturers with lowcost, high-quality graphite products.

Alabama Graphite’s flagship asset, the Coosa project, is a 161 sq. km claim in a past-producing graphite region of Alabama with a resource of 71 tonnes grading 2.4% graphitic carbon. Coosa’s preliminary economic assessment had a US$320million post-tax net present value and a 45.7% internal rate of return.

Westwater plans to have the Coosa mine up and running by 2026. TNM

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US TOP 10

AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Top 10 US-based mining companies MARKET CAPS

BY COLIN DESMOND

T

cdesmond@northernminer.com VANCOUVER

he Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies.

1. SOUTHERN COPPER Market cap: US$35 billion Southern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate Grupo Mexico, is the largest U.S.-headquartered mining company. It operates mines and metallurgical facilities in Mexico and Peru, and conducts exploration activities in Argentina, Chile and Ecuador. At 70.6 million tonnes, Southern Copper has the largest copper reserves of any company in the world. It is the largest copper producer in Peru and Mexico.

The Phoenix-based company is on track to produce 817,000 tonnes copper this year — an 88% increase since 2010. It expects to boost production another 790,000 tonnes with its new projects, especially the Michiquillay mine in Peru. Southern Copper bought the rights for Michiquillay from the Peruvian government for $400 million and a 3% royalty this February. After a $2.5-billion capital expense, the company expects Michiquillay will produce 225,000 tonnes copper per year for an initial 25-year mine life.

2. FREEPORT-MCMORAN Market cap: US$23 billion Freeport-McMoRan (NYSE: FCX) is the world’s largest molybdenum producer and second-largest copper producer. The Phoenix-based company has operations all over the Americas and a 51% stake in the Grasberg mine in Indonesia, the world’s largest gold mine and second-largest copper mine. Freeport’s reserves total 86.7 billion lb. copper, 23.5 million oz. gold and 2.84 billion lb. molybdenum.

Freeport recently began construction on its wholly owned Lone Star copper project near its Safford mine in eastern Arizona. After a capital expense of US$850 million, Lone Star is expected to produce 200 mil-

| Copper, molybdenum companies worth almost US$60B combined

lion lb. copper per year for 20 years.

Freeport is conducting more drilling around the Safford–Lone Star area, with an eye towards developing a larger-scale district opportunity.

3. NEWMONT MINING Market cap: US$20 billion Newmont Mining (NYSE: NEM) recently overtook Barrick Gold as the world’s largest gold producer.

The Denver-based miner expects to produce 4.9 million to 5.4 million oz. gold this year at its operations across the Americas, Africa and Australia. Newmont’s reserves total 68.5 million oz. gold and 1.2 million tonnes copper.

Newmont has built six new mines and expansions on four continents over the past five years. Two of those expansions — Twin Creeks’ underground expansion and Northwest Exodus’ underground expansion in the Carlin North area, both in Nevada — were complete by mid-year.

The Twin Creeks underground expansion project will add between 30,000 and 40,000 oz. gold production per year at all-in sustaining costs of between US$600 and US$750 per oz. for its first five years of production. Northwest Exodus will add between 50,000 and 75,000 oz. gold production per year and lower Carlin’s all-in sustaining costs

by US$25 per ounce.

4. FMC Market cap: US$12 billion FMC (NYSE: FMC) is an American chemical manufacturing company headquartered in Philadelphia. The company began in 1883 as the Bean Spray Pump Co. in California producing piston pumps for insecticides.

In World War II, the company developed the M113, one of the most-used armoured personnel carriers ever.

The company is focused on agriculture, health and wellness products, and lithium technologies. In 2018, FMC announced the spinoff of its lithium business, Livent. Livent has a lithium mine and refinery in Argentina. U.S. earnings from FMC’s lithium business grew 85% year-over-year in the second quarter.

5. Mosaic

A worker inside Freeport-McMoRan’s Henderson molybendum mine in Colorado. FREEPORT MCMORAN

Market cap: US$11 billion Mosaic (NYSE: MOS) is the world’s leading producer of concentrated phosphate and potash. The company’s phosphate mines and production facilities in Canada and the U.S. produce potash-based crop nutrients, animal feed ingredients and industrial products. Altogether, Mosaic’s reserves total 2.2 million tonnes of potash, 430 million tonnes of potassium oxide and 280 million tonnes of phosphate.

6. ALCOA Market cap: US$8 billion Alcoa (NYSE: ARNC) is the world’s sixth-largest aluminum producer and largest bauxite miner. Alcoa is involved in all aspects of the aluminum supply chain: technology, mining, refining, smelting, fabricating and recycling.

Alcoa has ownership in seven active bauxite mines globally, and operates four of them. That includes the Huntly mine in Australia, the second-largest bauxite mine in the world.

In May, Alcoa unveiled a partnership with Rio Tinto (NYSE: RIO; LON: RIO) to develop what they call a “revolutionary” new aluminum smelting technology that eliminates carbon emissions and produces oxygen as a by-product. To advance the technology, the two companies

Processing equipment at Southern Copper’s Toquepala copper mine in southern Peru. SOUTHERN COPPER

have set up a Montreal-based, jointventure company named Elysis, which will have a research facility in Quebec’s Saguenay–Lac-SaintJean region. Elysis will develop and license the technology for retrofitted and new facilities, and sell proprietary anode and cathode materials that the partners say will last “more than 30 times longer than traditional components.”

7. ROYAL GOLD Market cap: US$6 billion Royal Gold (NASDAQ: RGLD) is a precious metals stream and royalty company with claims on gold, silver, copper, lead and zinc mines all over the world. The Denver-based company has claims on 192 assets — 39 of which are operating, and 22 of which are at the development stage.

Royal Gold derives 80% of its revenue from six properties: the Andacollo copper-gold mine in Chile, the Penasquito silver-gold-zinc-lead mine in Mexico, the Pueblo Viejo gold-silver mine in the Dominican Republic, the Cortez gold mine in Nevada, the Mount Milligan copper-gold mine in B.C. and the Wassa gold mine in Ghana.

8. PEABODY ENERGY Market cap: US$5 billion Peabody Energy (NYSE: BTU) is the largest private sector coal company

in the world. In the U.S., it operates seven coal mines in the Illinois basin, three in the Powder River basin and four in the western United States.

In Australia, it operates four mines near New South Wales and five near Queensland.

Peabody sold 174 million tonnes of coal in 2017. The St. Louis-based company has 3.4 billion tonnes of proven and probable reserves.

In 2017, Peabody resumed operations after filing for Chapter 11 bankruptcy. A sharp drop in coal prices had left the company unable to service its US$10.1-billion debt load. As of June 30, 2018, it has $4.2 billion in liabilities.

9. CLEVELAND-CLIFFS Market cap: US$3 billion Cleveland-Cliffs (NYSE: CLF) is an iron ore and coal producer headquartered in Cleveland, Ohio. It has five iron ore mines in Michigan and Minnesota, all of which produce iron ore in pellet form. The company sells pellets to steel companies under long-term contracts, insulating it from iron ore price fluctuations.

In 2017, Cleveland-Cliffs produced 17 million tonnes of iron ore. Current reserves total 2.2 billion tonnes.

Cleveland-Cliffs has restructured its portfolio in the past five years.

In 2014, the company closed its two iron ore mines in eastern Canada.

In 2015, the company sold its two metallurgical coal mines in the U.S. to Seneca Coal Resources and closed its Empire iron ore mine in Michigan. The company also intends to sell its Asia Pacific iron ore business, including its two Australian iron ore mines, to Mineral Resources (ASX: MIN).

10. MINERALS TECHNOLOGIES Market cap: US$3 billion Minerals Technologies (NYSE: MTX) is a mineral processing company that provides mineral processing solutions and plant designs for iron ore, mineral sands, silica sands, coal, chromite, gold, tin, tungsten and tantalum. The New York Citybased company is the world’s leading mineral sands plant designer.

In May, Minerals Technologies signed a contract with the stateowned Egyptian Black Sands Co. to provide equipment, engineering design and support services for developing Egypt’s first mineral sands operation. The project, located 170 km north of Cairo in the Burullus region on the Mediterranean coast, will require a floating mineral sands concentrator plant and a land-based mineral separation plant. It will produce ilmenite, rutile, zircon and garnet products from black sands.TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

Figure 1. Sample of diamond mine operating margins. PAUL ZIMNISKY

15

Figure 2. Production start dates of active diamond mines. PAUL ZIMNISKY

Replenishing the diamond pipeline COMMENTARY From 4

The mine by itself is estimated to account for 47% of De Beers’ company-w ide production by value, and 17% of total global diamond supply by value in 2018.

A Cut-9 at Jwaneng is already being proposed, which would extend the life-of-mine another 10 years or more.

De Beers is also expanding its largest mine in South Africa, Venetia, by going underground by 2022. In nominal terms, the US$2-billion project is the largest investment in South African diamond mining history, and will extend Venetia’s mine life to 2046. By the time underground production starts, Venetia will likely be De Beers’ only remaining South Africa diamond mine, as the company divested most of its South African portfolio to independent producer Petra Diamonds over the last decade.

Petra recently expanded two legacy South African assets acquired from De Beers in 2008 and 2011: the Cullinan and Finch mines. An expansion project at Cullinan — perhaps the most famous diamond mine in the world, having produced the two largest diamonds set in the British Crown Jewels — was completed this year via accessing a richer portion of the orebody and increasing throughput capacity with a new processing plant. Petra’s Finch mine, South Africa’s second-largest diamond mine after Venetia, was also expanded to access undiluted ore from new areas of the mine. The projects are estimated to extend both mine lives to 2030.

Cullinan has been in production since 1903, while Finsch has been in production since 1967. Consequently,

the complexities of working with older mines has been apparent as the completion date of both expansion projects was initially delayed, and shortly after operations finally started, production guidance was cut at both mines due to lower-thananticipated grades at Cullinan and a change in mine plan at Finch. While not plotted in the figure above, Cullinan ore is estimated to be valued at US$53 per tonne, versus a cash cost of US$16 per tonne. Finsch ore is estimated to be worth US$61 per tonne at a cost of US$28 per tonne.

Russia — estimated to be the largest diamond producer in the world by value and volume in 2018 — hosts 12 active kimberlite mines, 11 of which are owned by Alrosa. While some of these mines are the most economically significant diamond mines in the world, many have been in production for almost a half a century, and their age is beginning to show.

In operation since 1957, Alrosa’s Mir mine sustained a fatal accident in mid-2017 when the open pit collapsed into the underground portion of the mine. Production at Mir has since been halted and a restart date is undetermined. At over 1,700 feet (519 metres) deep, the Mir open pit is one of the largest excavated holes in the world.

Production at Alrosa’s International mine has also been disrupted after the company suspended deepmine underground construction in June 2018. Development work at the mine below 800 metres was halted as a safety precaution until studies are concluded on the health risks of “gas-dynamic phenomena” to workers at depth. Alrosa has indicated that it expects full operations to resume at International no earlier

Miners travelling underground at Alrosa’s Aikhal diamond mine in Russia. ALROSA

IN NOMINAL TERMS, THE US$2BILLION VENETIA UNDERGROUND PROJECT IS THE LARGEST INVESTMENT IN SOUTH AFRICAN DIAMOND MINING HISTORY. than 2023. The mine has been in production since 1971.

When in production, the Mir mine produced ore worth US$450 a tonne at a cost of about US$175 per tonne. The International mine hosts ore worth almost US$1,400 a tonne at an operating cost of about US$285 per tonne.

In Canada, privately held Dominion Diamond Mines suspended development of its Jay-extension project at the company’s Ekati mine in the Northwest Territories in May 2018, pending economic reassessment.

Jay was planned to extend Ekati production from 2024 to 2034 at a cost of US$650 million. Dominion’s other mine, Diavik, is scheduled to be depleted by 2025, and De Beers’ Victor mine in Ontario is in its last year of production.

While expansion projects typically serve as a means of maintaining production levels, greenfield projects are necessary to replace production lost due to mine closures.

However, large-scale, economic greenfield projects are few and far between at the moment.

Last year, three new greenfield mines started production — De Beers and Mountain Province Diamonds’ Gahcho Kué in the Northwest Territories, Stornoway Diamond’s Renard in Quebec and Firestone Diamonds’ Liqhobong in Lesotho — leaving only two new diamond development projects globally with production capacity in excess of 1 million carats: Alrosa’s Luaxe in Angola and its Verkhne-Munskoe in Russia.

Further, there are only a handful of pre-development stage diamond projects globally with large commercial-scale potential: Star Diamond’s Star-Orion South; Peregrine Diamonds’ Chidliak on Baffin Island; North Arrow Minerals’ Naujaat; and Bunder, owned by the Indian state of Madhya Pradesh.

In July, De Beers announced plans to acquire one of these predevelopment stage projects. De Beers

offered $107 million cash for 100% of Peregrine Diamonds, owner of the Chidliak project. Relative to De Beers’ asset portfolio — if put into production — Chidliak would rank as one of the company’s smaller mines, representing less than 5% of De Beers’ company-wide production by volume.

If finalized, the deal would be De Beers’ first upstream acquisition since 2000, when it acquired Winspear Diamonds, owner of the Snap Lake project, which was put into production by De Beers in 2008, but placed on care and maintenance in 2015, due to unfavourable operating economics.

At this point only a preliminary economic assessment has been done at the project, but Chidliak “ore” is estimated to be worth US$270 per tonne at an operating cost of US$125 per tonne, given a pre-production capital expense of $455 million and a 13-year mine life.

— Based in New York City, Paul

Zimnisky is an independent diamond industry analyst and publisher of the Zimnisky Global Rough Diamond Price Index. He publishes State of the Diamond Market — a monthly diamond industry report featuring industry trend identification, supply and demand forecasts, rough and polished price trends, rough diamond sales and inventory analysis, implied diamond price growth analysis and lab-created diamond data and analysis.

Zimnisky will be speaking at HSBC’s Environmental, Social and Governance day in New York on Sept. 24, 2018, and will be a keynote speaker at the Brazilian Diamond Geology Symposium in Salvador, Brazil on Nov. 5, 2018. He can be reached at paul@paulzimnisky. com and followed on Twitter at @ paulzimnisky.

At press time the author held long positions in Lucara Diamond, Stornoway, Mountain Province, Diamcor Mining, North Arrow Minerals and Signet Jewelers.

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K2 exploring for gold at Wels in Yukon GOLD

BY RICHARD QUARISA

K

rquarisa@northernminer.com DESTRUCTION BAY, YUKON

2 Gold (TSXV: KTO; USOTC: KTGDF) has begun a $350,000 exploration program at its 72 sq. km Wels gold property in west-central Yukon, 45 km east of Beaver Creek and 185 km south of Dawson City — the first of a two-part program. It’s funding the program through a $1-million private placement it closed in early June.

In its drill program, K2 is stepping out from the area it previously drilled, known as Saddle, as much as 2 km south to a newly recognized 3 sq. km area.

This new area comprises two zones: Gunpowder and Chai. Both were prospected at the end of the 2017 field season, with the results coming out after snow had fallen.

Samples from Gunpowder graded 28.2 grams gold per tonne, 2 grams gold and 13.6 grams gold. Chai returned 1.9 and 1.67 grams gold.

K2 has finished its geophysical survey and is currently running Lidar. It will strip Chai and Gunpowder with a backhoe in early August, collect samples and design a drill program for Chai, Gunpowder and Saddle. The field season can run as late as October, before bad weather forces the company to pack it in.

“The business model for K2 is to find more Kaminak-style deposits,” K2 president and CEO Stephen Swatton says during a presentation at Destruction Bay, Yukon. We sit inside the Kluane recreation centre, which is named after the Kluane First Nation, who live in the area.

K2 is short for Kaminak 2: a second-coming of the company that discovered the Coffee gold deposit in Yukon’s Tintina gold district.

Goldcorp (TSX: G; NYSE: GG) bought Kaminak in 2016 for $520

| Junior will spend up to $350K in Saddle, Chai and Gunpowder zones “THE BUSINESS MODEL FOR K2 IS TO FIND MORE KAMINAK-STYLE DEPOSITS.” STEPHEN SWATTON PRESIDENT AND CEO, K2 GOLD

million and is permitting more advanced work leading to construction of a mine at the site. It contains 46 million probable tonnes grading 1.45 grams gold for 2.16 million oz. gold.

At Wels, K2 has only explored 5% of the total property. It says that, as with Coffee, the geochemical footprint of gold crosses all rock types. Chai, for example, contains sandstone whereas Gunpowder, to the northwest, contains gabbro.

The Yukon Geological Survey first sampled soil and till at Wels in 2002 that graded as high as 0.057 gram gold per tonne and 0.034 gram gold at the areas later called Saddle and Chai.

Then, in 2011, a private company called Gorilla Minerals optioned and resampled the ground. Infill soil sampling it conducted a year later returned 3.03 grams gold per tonne, with rock samples grading as high as 149.5 grams gold.

Over the next several years it trenched and drilled the property.

In 2017, K2 drilled more than 1,200 metres at Saddle across 11 holes. Highlights include 28.5 metres from 76.5 metres downhole grading 2.37 grams gold, 144 metres from 13.5 metres downhole grading 0.28 gram gold, and 21 metres from 78 metres downhole grading 1.48 grams gold.

K2’s second exploration phase would cost around $1 million and include trenching, as well as drilling at Saddle and target testing.

Geologist Cam Barker near a trench at K2 Gold’s Wels gold project in west-central Yukon, 185 km south of Dawson City. K2 GOLD

The company would need to raise more money to finish the program, however, Swatton says he needs to be careful.

“With the market the way it is, I want to make sure I don’t blow up the structure of K2,” he says.

The likely orogenic-style deposit has received little drilling to date, but has shown ore-grade intersections over 150 metres’ strike and to 120 metres’ depth. It is open in all directions.

“The geology’s fairly blind,” vicepresident of exploration Jo Price explains. “There’s not a lot of historical data and there’s no real surface

exposure. We really need to open it up with trenching.”

K2 has also proposed $150,000 in exploration at its Flume, Storck and Ladue claims, all within 120 km of Wels. It aims to conduct drone surveys, prospecting and soil surveys at Storck and Ladue, as well as a geochemical analysis of exiting data at Flume.

K2 optioned Wels from Gorilla in August 2016. It can earn a 90% interest in the property by paying Gorilla $350,000 and issuing it 3 million shares. K2 will have to pay a final $100,000 in August. It has 1 million shares left to issue.

Gorilla has a 3% net smelter return royalty on the property. It recently changed its name to Go Cobalt Mining (CSNX: GOCO).

In May, K2 also staked its 74 sq. km McArthur Creek gold project on the Alaskan side of the Moosehorn Range, 80 km northwest of Wels. The historical mining camp has produced 100,000 oz. placer gold and 4,000 oz. lode gold from orogenic-style mineralization.

Shares of K2 trade at 22¢ in a 52-week range of 18¢ to 56¢. The company has a $5.2-million market cap, with insiders owning 48%. It has $1.1 million cash-on-hand. TNM

Sokoman Iron sparks gold fever in central Newfoundland SOKOMAN IRON From 1

previous owner, Altius Resources.

(The highlighted results occurred 80 metres up-hole from that intended target).

Sokoman bought 100% of the Moosehead gold project (subject to an existing 0.5% net smelter return royalty) from Altius for shares and warrants amounting to 19.9% of Sokoman’s outstanding shares in November 2017.

Later in the day on July 30, Sokoman raised $3 million through a non-brokered private placement. The placees are Eric Sprott, the investment fund Palisades Global and the digital advertising agency Venture Ad Network.

Most of the $3 million will be directed towards Sokoman’s second phase of drilling at Moosehead, which will concentrate on the newly identified zone and continue to explore the shallow mineralization of Moosehead’s Western trend.

Part of the financing will go to Sokoman’s other areas of focus — the Central Newfoundland gold project and the Clarks Brook gold project, also in Newfoundland.

The Central Newfoundland gold project consists of 220 mineral claims across three newly acquired project areas — East Alder, Crippleback Lake and Princess Lake — on the Cape Ray–Valentine Lake–Alder

Drill core from discovery hole 18-1 from Sokoman Iron’s Moosehead gold property in Newfoundland. The hole returned 45 grams gold per tonne over 11.9 metres. Red circles indicate visible gold. SOKOMAN IRON

Zone structural trend.

Sokoman recently completed a second phase of drilling at the Clarks Brook gold project, highlighted by the intersection of a network of narrow pyritic quartz veinlets that returned 3.74 grams gold over 3.1 metres.

S okom a n’s a n nou nc ement prompted a wave of acquisitions by other juniors in the Moosehead area.

On July 25, Tasca Resources (TSXV: TAC) bought the Beaverhead claims — 3.7 sq. km of contiguous land next to the northwest border of Sokoman’s Moosehead property.

The claims lie on the same belt of Silurian volcanics, volcaniclastics and sediments rocks that Sokoman’s

property covers. Tasca followed up with the purchase of a 6 sq. km property east of the Beaverhead claims on Aug. 7. The company will proceed with soil samples and drilling on the property.

On August 7, RJK Explorations (TSXV: RJX.A) reported an acquisition of 208 claims covering 52 sq. km within the same belt. RJK’s new acquisition — the Moosehead Gold District project — will be bought from a private company for $100,000 and a 2% gross royalty on the property. RJK will raise $1 million through a non-brokered private placement to finance exploration on the property.

Also on Aug. 7, Sunvest Miner-

als (TSXV: SSS; US-OTC: QSGB) bought two claim blocks covering 42 sq. km near and on trend with Sokoman’s property. The same day, the company raised $1.5 million through a non-brokered private placement to finance first-phase exploration on its new ground.

The flurry of activity has the nearby town of Grand Falls-Windsor optimistic, said Gerald Thompson, executive director of the Exploits Regional Chamber of Commerce.

Grand Falls-Windsor was a paper industry town for almost 100 years until the paper company shut the mill down around the turn of the millennium, causing 1,300 people lost their jobs. Teck Resources’

nearby Duck Pond zinc-copper mine ran for 11 years after that, but closed in July 2015.

“Although the economy has been stable, we would certainly like mining activity to pick up around here,” Thompson said in an interview with The Northern Miner.

Moosehead isn’t the only area juniors have their eyes on. Marathon Gold’s (TSX: MOZ; US-OTC: MGDPF) Valentine Lake gold project is nearby, where reserves total 30.4 million tonnes grading 2 grams gold per tonne. A preliminary economic assessment released in May shows the capacity for annual production of 189,000 gold oz. for 11 years, resulting in a US$367-million net present value.

For the moment, Marathon is focused on further drilling on the property. On July 26, the company announced another positive drill result at Valentine Lake: 7.8 grams gold per tonne over 59 metres, including 57.7 grams gold per tonne over 5 metres.

There is also Vulcan Minerals’ (TSXV: VUL; US-OTC: VULMF) Lizard Pond gold project, 40 km south of Moosehead. Vulcan is taking a closer look at Lizard Pond based on Sokoman’s “bonanzagrade” drill intersection. The company seeks partners to option or joint venture more work on the property. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

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AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / AUGUST 6–10 U.S. President Donald Trump’s decision to double tariffs on Turkish steel and aluminum roiled markets and prompted a further sell-off of Turkey’s currency. The S&P/TSX Composite Index fell 0.57% to 16,326.51. Spot gold dropped US$2.10 per oz., or 0.17%, to finish at US$1,211.20 per oz., while the S&P/ TSX Global Gold Index lost 2.26% to 175.70 and the S&P/TSX Global Base Metals Index decreased 1.71% to 122.46.

Second-quarter results lifted Pretium Resources’ shares by $1.65 to $12.13. The company’s cash balance jumped more than US$72 million to US$142.5 million due to improved production at lower costs. The company said it reached steady production at its Brucejack mine in the first half of the year, fully implemented its grade-control program and met its production guidance. During the quarter Pretium produced 111,340 oz. gold at all-in sustaining costs of US$648 per oz. gold sold. The company posted net earnings of US$31.1 million (17¢ per share) and adjusted earnings of US$47 million (26¢ per share).

Pretium expects production in the second half of 2018 will reach between 200,000 and 220,000 oz. gold for total annual production between 387,000 and 407,000 oz. gold.

Shares of Pan American Silver rose $1.01 to $22.31 on the back of second-quarter results. The world’s second-largest primary

silver producer reported net earnings of US$36.7 million (24¢ per share) on revenues of US$216.5 million in the second quarter.

Pan American produced 6.3 million oz. silver, 53,400 oz. gold, 14,900 tonnes zinc, 5,100 tonnes lead and 2,000 tonnes copper. The company posted record low cash costs per payable ounce of silver, net of 92¢ by-product credits. Pan American says its silver production is on track to achieve annual guidance of 25 million to 26.5 million ounces. The company ended the quarter with cash and equivalents of US$250.2 million — up US$25.4 million from March 31. “Our operations continue to generate robust cash flow with mine-operating earnings, up 22% compared with the same quarter last year,” said CEO Michael Steinmann. “We are realizing the TSX MOST ACTIVE ISSUES

Osisko Mng Inc OSK Laramide Res LAM Kinross Gold K Yamana Gold YRI Nevsun Res NSU Barrick Gold ABX Suncor Energy SU First Quantum FM Lundin Mng LUN Nemaska Lith NMX

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

20556 2.22 1.97 1.99 - 0.16 14243 0.29 0.25 0.28 + 0.02 13048 4.57 4.12 4.13 - 0.32 12579 4.07 3.88 3.95 - 0.09 11477 5.08 4.75 4.94 + 0.15 11320 14.64 14.04 14.22 - 0.20 10682 54.84 52.94 53.40 - 0.32 10381 19.04 17.76 18.07 - 0.61 10152 7.01 6.75 6.80 - 0.14 9470 0.75 0.67 0.70 - 0.01

benefits of increased throughput from the expansions of our La Colorada and Dolores mines, in addition to strong performance and low costs across all our other mines during the quarter.”

Tensions in Zimbabwe after a presidential election on July 30 have put pressure on shares of Caledonia Mining. The landmark election was the first in 38 years without Robert Mugabe on the ballot, but the country has

yet to inaugurate the declared victor — Emmerson Mnangagwa. Security forces killed six people during opposition protests that are challenging the poll result. Caledonia Mining’s primary asset is its 49% stake in the Blanket mine, 150 km southeast of Bulawayo, Zimbabwe’s second-largest city, and 196 km north of its border with South Africa.

Caledonia Mining acquired the mine from Kinross Gold in April 2006. TNM

TSX GREATEST PERCENTAGE CHANGE

Potash Ridge Wallbridge Mng Condor Gold Largo Res Pretium Res Freegold Vent Talon Metals Yorbeau Res EurOmax Res Argex Titanium Timmins Gold Orosur Mng Premier Gold M Nautilus Mnrls Caledonia Mng New Gold Verde Potash Ur-Energy Pershing Gold Minco Silver

SOP WM COG LGO PVG FVL TLO YRB EOX RGX ALO OMI PG NUS CAL NGD NPK URE PGLC MSV

1336 0.10 1862 0.09 16 0.85 6306 2.22 3868 12.28 28 0.08 293 0.12 764 0.04 145 0.13 1424 0.05 1449 1.78 230 0.06 1870 2.55 966 0.15 55 12.05 7973 1.76 497 1.10 1163 1.13 2 1.85 73 0.62

0.06 0.08 0.00 1.88 9.93 0.00 0.09 0.04 0.12 0.04 1.33 0.05 2.08 0.12 10.30 1.42 0.91 0.93 1.63 0.00

0.08 0.09 0.85 2.20 12.13 0.08 0.12 0.04 0.13 0.05 1.36 0.05 2.12 0.12 10.35 1.48 0.91 0.95 1.63 0.52

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Pretium Res Pan Am Silver Seabridge Gld Largo Res Nevsun Res Condor Gold Altius Mnrls HudBay Mnls Centerra Gold Excelsior Mng Caledonia Mng Agnico Eagle Kirkland Lake Endeavour Mng Nexa Resources Franco-Nevada Detour Gold TMAC Resources IAMGOLD Fortuna Silvr

+ 23.1 + 20.0 + 18.1 + 15.8 + 15.7 + 15.4 + 15.0 + 14.3 + 13.0 + 12.5 - 22.3 - 16.7 - 15.2 - 14.8 - 13.6 - 13.5 - 13.3 - 12.8 - 11.9 - 11.9

VOLUME WEEK (000s) CLOSE CHANGE

PVG PAAS SEA LGO NSU COG ALS HBM CG MIN CAL AEM KL EDV NEXA FNV DGC TMR IMG FVI

3868 12.13 1152 22.31 449 15.96 6306 2.20 11477 4.94 16 0.85 258 12.78 8541 6.68 3257 5.92 1844 0.95 55 10.35 3362 52.48 2668 28.85 869 21.40 15 16.65 2077 94.00 2678 11.92 166 6.41 4943 6.46 1540 6.26

+ 1.65 + 1.01 + 0.78 + 0.30 + 0.15 + 0.13 + 0.13 + 0.11 + 0.11 + 0.10 - 1.63 - 1.51 - 1.43 - 1.28 - 1.00 - 0.97 - 0.78 - 0.78 - 0.76 - 0.70

TSX VENTURE EXCHANGE / AUGUST 6–10 The S&P/TSX Venture Composite Index fell 1% to end the trading week at 693.75.

The index is now down 17% over the past six months.

Shares of Aben Resources rose 117% to 38¢ after the company reported positive drill results from its f lagship Forest Kerr gold project in British Columbia’s Golden Triangle region. Assay results from the first drill hole of 2018 show four high-grade zones, the best one returning 38.7 grams gold per tonne over 10 metres. The discovery was made on the Boundary North Zone of Forest Kerr, 230 metres north of a historic high-grade drill hole made by the site’s previous owner, Noranda, in 1991.

Shares of Prize Mining rose 70% to 26¢ after the company reported results from the first-phase drilling program at its Toughnut gold-silver project in southeastern British Columbia. The company reported visible gold in two of the holes, as well as quartz veining, brecciation and intensive alteration. Prize will report assay results from the drill holes in the coming weeks.

The Toughnut claims are next to Prize’s Kena-Daylight gold project, which contains 481,000 oz. gold indicated resources and 1.3 million oz. gold inferred resources.

The company also reported it raised $4 million through a private placement with Paradigm Capital and Eight Capital. The money will be used for exploration at its Manto Negro copper project in Coahuila State, Mexico.

Sokoman Iron shares were the most traded on the TSX Venture Exchange. On July 30, Sokoman reported the first hole of its drilling campaign at the Moosehead gold project in central Newfoundland found 45 grams gold per tonne over 11.9 metres, including 95 grams gold per tonne over 5.7 metres. Assay results were also reported up and down-hole of the quartz vein.

Shares of RJK Explorations rose 300% to 20¢. On Aug. 7, the company reported an acquisition of 208 claims covering 52 TSX-V MOST ACTIVE ISSUES

Sokoman Iron SIC Aben Res ABN Spearmint Res SRJ Tasca Res TAC Golden Ridge GLDN Northn Empire NM Sunvest Mnrls SSS True Grit Res TGI.H Kapuskasing Gd KAP Honey Badger E TUF

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

47919 28934 16198 12712 8782 8477 7791 4602 4182 3844

0.58 0.39 0.06 0.13 0.24 1.58 0.10 0.07 0.04 0.16

0.30 0.18 0.02 0.07 0.14 1.47 0.06 0.04 0.00 0.11

0.35 - 0.38 + 0.05 + 0.09 - 0.23 + 1.52 unch 0.09 + 0.05 - 0.03 + 0.12 -

0.08 0.21 0.03 0.02 0.08 0.00 0.03 0.01 0.02 0.01

sq. km within the same belt as Sokoman’s Moosehead gold project. RJK’s new acquisition — to be named the Moosehead Gold District project — will be bought from an undisclosed private company for $100,000 and a 2% gross royalty on the property. RJK will raise $1 million through a non-brokered private placement to finance exploration on the property.

Shares of Abacus Mining & Exploration rose 63% to 26¢ after the company finished an initial three-hole drilling program at its Willow and Nev-Lorraine properties at the Yerington camp in southeast Nevada. The company reported the previously unknown “Luhr Hill Granite,” which it says is the source of all known porphyry copper deposits in the Yerington copper camp. TNM

TSX-V GREATEST PERCENTAGE CHANGE

RJK Explor Spearmint Res Aben Res Buffalo Coal Kapuskasing Gd Rosita Mg Corp Prize Mng Abacus Mng &Ex Hannan Metals Gitennes Expl Golden Harp Randsburg Intl Marlin Gold Highbank Res Minfocus Expl Noble Metal Gr TVI Pacific Amseco Expl Stroud Res Upper Canyon

RJX.A SRJ ABN BUF KAP RST PRZ AME HAN GIT GHR.H RGZ.H MLN HBK MFX NMG TVI AEL.H SDR UCM.H

1863 16198 28934 404 4182 1587 2414 845 397 1019 15 91 833 1060 67 405 372 507 51 29

0.21 0.06 0.39 0.02 0.04 0.06 0.26 0.38 0.21 0.06 0.18 0.02 0.26 0.04 0.10 0.02 0.02 0.02 0.02 0.38

0.05 0.02 0.18 0.01 0.00 0.04 0.14 0.14 0.10 0.04 0.00 0.01 0.11 0.00 0.06 0.01 0.01 0.01 0.01 0.00

0.20 0.05 0.38 0.02 0.03 0.06 0.26 0.26 0.18 0.06 0.06 0.01 0.14 0.03 0.06 0.01 0.01 0.01 0.01 0.26

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 300.0 + 150.0 + 117.1 + 100.0 + 100.0 + 71.4 + 70.0 + 62.5 + 52.2 + 50.0 - 70.0 - 50.0 - 43.8 - 37.5 - 36.8 - 33.3 - 33.3 - 33.3 - 33.3 - 32.9

VOLUME WEEK (000s) CLOSE CHANGE

Aurania Res ARU Regulus Res REG Aben Res ABN Wealth Mnrls WML Avidian Gold AVG RJK Explor RJX.A Rock Tech Lith RCK Prize Mng PRZ QMC Quantum Ml QMC Abacus Mng &Ex AME Cobalt 27 Cap KBLT Plateau Energy PLU Algold Res ALG FISH Sailfish Rylty GT Gold GTT SRG Graphite SRG Bear Creek Mng BCM Chesapeake Gld CKG EMX EMX Royalty Golden Harp GHR.H

19 153 28934 1229 658 1863 76 2414 486 845 1131 588 677 13 2003 53 107 50 134 15

2.24 2.07 0.38 0.85 0.50 0.20 1.02 0.26 0.35 0.26 6.35 1.21 0.62 1.05 0.54 0.99 1.70 1.87 1.55 0.06

+ + + + + + + + + + - - - - - - - - - -

0.24 0.22 0.21 0.19 0.15 0.15 0.14 0.11 0.11 0.10 0.51 0.33 0.28 0.23 0.21 0.17 0.15 0.14 0.14 0.14

U.S. MARKETS / AUGUST 6–10 The trading week began with U.S. President Donald Trump reimposing a number of sanctions on Iran — three months after he pulled the U.S. out of the Iran nuclear deal — and ended with his doubling of aluminium and steel tariffs on Turkey. The Dow Jones Industrial Average fell 0.59% to 25,313.14 and the S&P 500 Index lost 0.25% to finish at 2,833.28. Spot gold closed at US$1,211.20 per oz., down 0.17%.

Shares of Seabridge Gold rose US50¢ to US$12.20 apiece, despite posting a net loss of $2.4 million (4¢ per share) in the second quarter, up from a loss of $1.7 million (3¢ per share) in the same quarter last year. The company pointed to second-quarter highlights, including the discovery of two gold zones at Courageous Lake in the Northwest Territories, the start of a drill program at KSM in B.C., and the first exploration program at its Snowstorm gold project in Nevada. Management said it also strengthened its balance sheet with a $19.7 million flow-through financing, bringing its net working capital at the end of June to $27.7 million, up from $19.6 million as of Dec. 31, 2017.

Shares of Franco-Nevada fell US$1.46 to

US$71.67. The company entered into a strategic relationship with top-10 independent oil producer Continental Resources to jointly acquire mineral rights in the Stack & Scoop oil and gas plays of Oklahoma. Under the agreement, Franco-Nevada would contribute US$220 million for acquiring mineral rights owned by a subsidiary of Continental. It has also committed to spend up to US$100 million per year over the next three years to acquire more mineral rights. The existing mineral rights will be jointly held through a newly formed company. The company also reported second-quarter results, posting U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Vale* VALE 96643 14.44 13.15 13.39 - 0.80 Freeport McMoR* FCX 69804 15.81 15.02 15.11 - 0.60 Barrick Gold* ABX 58133 11.17 10.75 10.83 - 0.27 Yamana Gold* AUY 56358 3.12 2.96 3.03 - 0.07 United States S* X 54259 32.09 29.40 29.97 - 2.33 Cleveland-Clif* CLF 48246 11.14 9.94 10.32 - 0.56 Kinross Gold* KGC 32915 3.46 3.14 3.15 - 0.28 Mosaic* MOS 29383 32.32 29.87 31.49 + 1.04 Chevron Corp* CVX 26303 125.70 121.50 123.34 - 0.71 Goldcorp* GG 23742 12.34 11.89 11.91 - 0.43

US$53.6 million of net income (US29¢ per share) on revenues of US$161.3 million. It sold 107,333 equivalent oz. gold and ended the quarter with US$158.4 million in working capital, and no debt.

Fortuna Silver Mines’ shares dropped

10.7% to finish at US$4.77. The company reported net income in the second quarter of US$11.2 million, up from US$8.9 million in the second quarter of 2017. At the end of June, Fortuna held cash and equivalents of US$198.3 million. TNM

U.S. GREATEST PERCENTAGE CHANGE

Pretium Res* Alcoa* Seabridge Gld* Mosaic* Trecora Res* DRDGOLD* HudBay Mnls* Peabody Enrgy* Black Hills* NACCO Ind* IAMGOLD* Mechel* Fortuna Silvr* Nexa Resources* Alamos Gold* Kinross Gold* United States S* Rio Tinto* Vale* Kirkland Lake*

PVG AA SA MOS TREC DRD HBM BTU BKH NC IAG MTL FSM NEXA AGI KGC X RIO VALE KL

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

13547 9.37 7.60 9.24 + 14.5 23276 45.17 41.90 44.98 + 5.3 1923 13.20 11.25 12.20 + 4.3 29383 32.32 29.87 31.49 + 3.4 155 13.35 12.45 13.30 + 2.7 182 2.57 2.32 2.37 + 1.7 1659 5.23 4.90 5.10 + 1.0 3422 44.03 42.64 43.37 + 0.8 2012 61.13 59.50 60.22 + 0.3 37 37.00 35.58 36.25 + 0.1 13205 5.58 4.90 4.93 - 11.3 241 2.98 2.54 2.56 - 11.1 4061 5.40 4.68 4.77 - 10.7 809 13.80 12.47 12.69 - 8.7 7494 5.34 4.77 4.80 - 8.2 32915 3.46 3.14 3.15 - 8.2 54259 32.09 29.40 29.97 - 7.2 15829 52.76 49.03 49.53 - 6.0 96643 14.44 13.15 13.39 - 5.6 3427 23.79 21.67 21.98 - 5.6

U.S. GREATEST VALUE CHANGE

Alcoa* AA Pretium Res* PVG Mosaic* MOS Seabridge Gld* SA Trecora Res* TREC Peabody Enrgy* BTU Black Hills* BKH NC NACCO Ind* HudBay Mnls* HBM DRDGOLD* DRD MartinMarietta* MLM Rio Tinto* RIO United States S* X Southern Copp* SCCO Agnico Eagle* AEM Franco-Nevada* FNV CONSOL Energy* CEIX Kirkland Lake* KL Nexa Resources* NEXA Newmont Mng* NEM

VOLUME WEEK (000s) CLOSE CHANGE

23276 44.98 13547 9.24 29383 31.49 1923 12.20 155 13.30 3422 43.37 2012 60.22 37 36.25 1659 5.10 182 2.37 3399 200.13 15829 49.53 54259 29.97 4229 45.31 5219 39.97 2104 71.67 2285 43.43 3427 21.98 809 12.69 23413 35.60

+ 2.26 + 1.17 + 1.04 + 0.50 + 0.35 + 0.34 + 0.19 + 0.05 + 0.05 + 0.04 - 6.83 - 3.17 - 2.33 - 2.26 - 1.58 - 1.46 - 1.33 - 1.30 - 1.21 - 0.86

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

19

M E TA L S , M I N I N G A N D M O N EY M A R K E T S Tuesday, August 14, 2018 Precious Metals Price (US$/oz.)

Change $1204.40 -7.60 Gold Silver $15.19 -0.16 Platinum $818.00 -14.00 Palladium $902.00 -12.00 Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Price (US$/tonne) Change $14090.00 +170.00 $6326.00 +50.00 $2163.00 +1.50 $2629.00 +68.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 10, 2018 (change from August 3, 2018 in brackets): Aluminium Alloy 13000 (+480) 1149825 (-35450) Aluminium Copper 253525 (+2900) 123050 (-2275) Lead Nickel 249546 (-3732) 2835 (-60) Tin 230900 (-3375) Zinc

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: n.a.

Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: n.a.

Cobalt: US$31.98/lb.

Copper: US$2.79/lb.

Copper: CME Group Futures Aug. 2018: US$2.76/lb.; Sept.

2018: US$2.75/lb Ferro-Chrome: US$2.80/kg Ferro Titanium: US$4.90/kg FerroTungsten: US$31.40/kg Ferrovanadium: US$35.20/kg Iridium: NY Dealer Mid-mkt US$1,415.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$120.6 Iron Ore Fines: US$71.00/tonne Iron Ore Pellets: US$108.60/tonne Lead: US$0.99/lb.

Magnesium: US$2.25/kg Manganese: US$2.03/kg Molybdenum Oxide: US$11.79/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,270.00 tr. oz.

Ruthenium: Mid-mkt US$250.00/tr. oz.

Silver: Handy & Harman Base: US$19.86 per oz.; Handy & Harman Fabricated: US$23.83 per oz.

Tantalite Ore : US$186.50/kg Tin: US$8.89/lb.

Uranium: U3O8, Trade Tech spot price: US$23.00; The UX Consulting Company spot price: US$22.85/lb.

Zinc: US$1.15/lb.

Prices current July 17, 2018

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Aug 10 Aug 09 Aug 08 Aug 07 Aug 06 High Low S&P/TSX Composite 16326.51 16416.98 16315.08 16286.30 16420.24 15527.30 12400.15 S&P/TSXV Composite 693.75 699.69 698.82 700.86 702.05 1050.26 883.52 S&P/TSX 60 971.63 978.28 971.11 969.05 976.49 896.74 709.99 S&P/TSX Global Gold 175.70 175.84 176.45 176.08 179.76 218.90 149.29 DJ Precious Metals 151.98 151.98 152.17 151.44 153.95 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Aug 01, 2018 (with changes from Jul 16, 2018) Largest short positions SSL 14265736 -217321 7/16/2018 Sandstorm Gold Ivanhoe Mines IVN 13797295 177357 7/16/2018 Eldorado Gold ELD 10200631 -5082609 7/16/2018 Alacer Gold ASR 9986054 626007 7/16/2018 G 9300996 343361 7/16/2018 Goldcorp Turquoise HIl TRQ 8896729 -886448 7/16/2018 MUX 8106165 -14833 7/16/2018 McEwen Mng New Gold NGD 7627099 1031140 7/16/2018 Yamana Gold YRI 7558542 -288621 7/16/2018 OceanaGold OGC 7259345 -534440 7/16/2018 NXE 7082547 151376 7/16/2018 Nexgen Energy Osisko Mng Inc OSK 7062449 92953 7/16/2018 Nemaska Lith NMX 6743930 61419 7/16/2018 First Majestic FR 6326030 -320450 7/16/2018 SU 5835892 -2353145 7/16/2018 Suncor Energy Largest increase in short position Largo Res LGO 2500500 1947300 7/16/2018 Nevsun Res NSU 5332847 1201963 7/16/2018 New Gold NGD 7627099 1031140 7/16/2018 Barrick Gold ABX 5558969 859132 7/16/2018 DGC 2863718 716396 7/16/2018 Detour Gold Largest decrease in short position Eldorado Gold ELD 10200631 -5082609 7/16/2018 Suncor Energy SU 5835892 -2353145 7/16/2018 Trevali Mng TV 5080363 -912695 7/16/2018 TRQ 8896729 -886448 7/16/2018 Turquoise HIl Pretium Res PVG 2981978 -669855 7/16/2018

Short positions outstanding as of Aug 01, 2018 (with changes from Jul 16, 2018) Largest short positions HIVE 1693491 828966 7/16/2018 Leeta Gold Atlantic Gold AGB 1484350 -659450 7/16/2018 Sokoman Iron SIC 1296920 1293711 7/16/2018 BEA 1107100 1104300 7/16/2018 Belmont Res Cobalt 27 Cap KBLT 955212 -58888 7/16/2018 SCYB 775700 206247 7/16/2018 Kitrinor Mtls Prize Mng PRZ 685400 460200 7/16/2018 First Cobalt FCC 643800 418500 7/16/2018 Juggernaut Exp JUGR 588906 332193 7/16/2018 GRAT 382669 -927636 7/16/2018 Gratomic Canada Cobalt CCW 377200 119842 7/16/2018 Hut 8 Mining HUT 324427 -3800 7/16/2018 Aldershot Res ALZ 318739 -569417 7/16/2018 AVX 250000 250000 7/16/2018 Altair Res Inc Medgold Res MED 245000 245000 7/16/2018 Largest increase in short position SIC 1296920 1293711 7/16/2018 Sokoman Iron Belmont Res BEA 1107100 1104300 7/16/2018 Leeta Gold HIVE 1693491 828966 7/16/2018 PRZ 685400 460200 7/16/2018 Prize Mng First Cobalt FCC 643800 418500 7/16/2018 Largest decrease in short position Gratomic GRAT 382669 -927636 7/16/2018 CCC 47630 -773716 7/16/2018 Cornerstone Mt Atlantic Gold AGB 1484350 -659450 7/16/2018 Northn Empire NM 72052 -617948 7/16/2018 Aldershot Res ALZ 318739 -569417 7/16/2018

Alamos Gold (AGI.WT) - Wt buys sh @ $28.47 to Aug 30/18 Alamos Gold (AGI.WT.A) - Wt buys sh @ $10.00 to Jan 7/19 Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.A) - Wt buys sh @ $3.25 to Mar 18/19

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry MBAC Fertilizer (MBC.WT) - Wt buys sh @ $1 to Apr 17/19 Nemaska Lithium Inc (NMX.WT) - Wt buys sh @ $1.5 to Jul 8/19 Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Oban Mining J (OBM.WT) - Wt buys 20 sh @ $3 to Aug 25/18 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

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

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

Atlantic Gold (AGB.WT) - Wt buys sh @ $0.6 to Aug 20/18 Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

Brazil Resources (BRI.WT) - Wt buys sh @ $0.75 to Dec 31/18 Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cornerstone Capital Resources (CGP. WT.S) - Wt buys sh @ $0.35 to Apr 07/19

Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share.

Goldmining Inc. (GOLD.WT) - Wt buys sh @ $0.75 to Dec 31/18 Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share.

Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share.

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Jet Metal (JET.WT.A) - Wt buys sh @ $0.5 to Feb 28/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share

Osisko Gold Royalties (OR.WT.A) - Wt buys sh @ $19.08 to Feb 26/19 Osisko Mining Inc. J (OSK.WT) - 20 Wt buys sh @ $3 to Aug 25/18 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Prairie Provident Resources Inc Wt (PPR. WT) - Wt buys sh @ $0.87 to Mar 16/19 Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Rainy Mountain Royalty Corp. (RMO. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Rainy Mountain Royalty Corp. (RMD. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Silvercrest Metals Inc. (SIL.WT) - Wt buys sh @ $3 to Dec 06/18 Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share.

Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

West Kirkland Mining (WKM.WT) - Wt buys sh @ $0.3 to Apr 17/19

NEW 52-WEEK HIGHS AND LOWS AUGUST 6–10, 2018 46 New Highs Algold Res Altan Nev Mnls Anfield Energy Anfield Energy* Appia Energy* Axmin Inc Axmin Inc* Bannerman Res* Beeston Ent* Canadian Mng* CONSOL Coal Rs* Contact Gold* Diamante Min* EastCoal Inc Energy Fuels Energy Fuels* Fort St J Nick Guerrero Vents Harvest Gold Harvest Gold* Havilah Mining* Highway 50 Gld Interconnect Juggernaut Exp*

Mosaic* Nevsun Res Nevsun Res* NQ Minerals Pl* Nutrien Nutrien* Pelangio Expl* Pivit Explor RJK Explor RJK Explor* San Gold Corp* Saturn Mnrls Sokoman Iron Sokoman Iron* Strategic Res* Talmora Diamd Tanzania Mnls* United Lithium United States A* Ur-Energy Ur-Energy* Walker Lane*

107 New Lows 66 Resources Alamos Gold* Alchemist Mng

American Pac Americas Silvr* Arctic Star Argonaut Gold Argonaut Gold* Ascot Res Atacama Res* Avino Silver Avino Silver* Barkerville Go Barkerville Go* Barrick Gold Barrick Gold* Beaufield Res* Berkwood Res Blackrock Gold* BonTerra Res BonTerra Res* Callinex Mines Callinex Mines* Candente Coppr Centerra Gold Cobalt 27 Cap Cobalt Pwr Grp* Coeur Mng* Colorado Res

Columbus Gold Columbus Gold* Cordoba Mnls Cornerstone Ca Cruz Cobalt Desert Gold* Desert Lion* Dolly Vard Sil* Eagle Plains eCobalt Solns eCobalt Solns* Engold Mines* Equitorial Ex Euro Sun Mg Excelsior Mng* First Cobalt First Cobalt * Fortune Mnrls Glencore Plc* Gold Fields* Goldcliff Res Golden Mnls* Golden Queen* Golden Valley* Great Panther Great Panther*

Hecla Mining* Imperial Metal Ivanhoe Mines Ivanhoe Mines* Kerr Mines Kings Bay Res Kinross Gold Kinross Gold* Kootenay Silvr Leagold Mg Levon Res Ltd * Liberty One Li* Lydian Intl Lydian Intl* Mason Graphite Mason Graphite* Mechel* Mexican Gold* Millrock Res* Miramont Res Miramont Res* Monarques Res Mountain Prov* Nautilus Mnrls* Nevada Sunrise* New Gold*

Nicola Mg Inc Nighthawk Gold* Nouveau Monde Nrthn Vertex Osisko Gold* Pacific Rim Pershing Gold* Randgold Res* Sabina Gd&Slvr* Silver Viper Solitario Ex&R* Southern Silvr* Spanish Mtn Gd Strategic Metl* Taiga Gold Taseko Mines* Timmins Gold Timmins Gold* Tinka Res* Tower Res* Trevali Mng* Troubadour Res Turquoise HIl* Uranium Res* Valoro Res* Western Copper

DAILY METAL PRICES

CANADIAN GOLD MUTUAL FUNDS

Daily Metal Prices Date Aug 13 Aug 10 Aug 9 Aug 8 Aug 7 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1670/1695 1695/1695 1650/1695 1650/1695 1690/1695 2021/2044 2026/2052.50 Aluminum 2051.50/2076 2038.50/2060 2117/2136 Copper 6080/6109 6119.50/6160 6246/6270 6112.50/6141 6131/6165 Lead 2069/2082 2091.50/2112.50 2136/2154 2130/2144 2122/2133 Nickel 13675/13750 13630/13710 14055/14100 13915/13950 13745/13825 Tin 19400/19380 19550/19500 19640/19550 19725/19690 19725/19625 Zinc 2491/2508 2552/2543 2683.50/2652 2655/2619 2647/2601

Fund Aug 10 ($) Aug 03 ($) Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) AGF Prec Mtls Fd MF 18.37 18.69 -0.32 -1.71 -9.15 2.80 101.98 BMO Prec Mtls Fd A 16.89 17.27 -0.38 -2.19 -3.19 2.40 56.66 BMO ZGD 8.36 8.56 -0.20 -2.31 -8.56 0.61 BMO ZJG 8.07 8.29 -0.21 -2.55 -6.09 0.60 CIBC Prec Metal Fd A 8.88 9.16 -0.28 -3.01 -8.86 2.45 41.09 Dyn Prec Metls Fd A 6.23 6.32 -0.09 -1.42 -7.70 2.66 322.10 Galileo GOGO 9.80 10.03 -0.23 -2.31 Horizons HEP 22.96 -0.23 -1.00 -2.96 0.81 IG Mac GbPMetCl A 7.90 8.10 -0.20 -2.44 -7.73 2.75 32.41 iShares XGD 10.97 11.23 -0.25 -2.26 -6.84 0.55 688.12 Mac Prec Met Cl A 41.27 42.31 -1.04 -2.45 -7.99 2.52 60.39 NBI PrecMetFd Invt 11.08 11.38 -0.30 -2.64 -8.21 2.46 26.23 NPT Gold&PrMinFdA 32.14 32.44 -0.29 -0.90 -9.56 3.04 117.98 NPT SilverEquCl A 4.98 5.04 -0.06 -1.16 -9.13 2.95 112.92 RBC GblPreMetFd A 29.88 31.00 -1.11 -3.59 -6.81 2.13 312.98 Redw UITGoDe&ProCl A 0.00 0.00 Sentry Pre Met Fd A 35.72 36.70 -0.98 -2.68 -3.59 2.49 138.05 TD PreciousMetalsInv 29.93 30.72 -0.79 -2.57 -7.90 2.27 105.82

PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1204.40 1211.65 1215.50 1212.35 1215.40 Gold PM 1200.35 1214.40 1214.35 1209.55 1212.35 Silver 15.19 15.38 15.48 15.35 15.47 Platinum 814.00 828.00 837.00 824.00 835.00 Palladium 905.00 911.00 898.00 900.00 920.00

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

Aug 10 Aug 09 Aug 08 Aug 07 Aug 06 1.3053 1.3053 1.3017 1.3060 1.3004 0.7661 0.7661 0.7682 0.7657 0.7690

Exchange rates (Quote Media, August 10, 2018) C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand C$ to AUS 1.0397 0.6650 85.1455 14.3620 10.4996 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5976 5.2270 52.7045 0.7615 859.8260 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.3571 0.8680 111.1425 18.7063 13.7022 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7800 6.8190 69.1100 0.9940 1122.9000

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

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

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

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

1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton

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

GLOBAL MINING NEWS · SINCE 1915

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20

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: AUGUST 6–10, 2018 (100s) Stock

WWW.NORTHERNMINER.COM

AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 37 Capital 0 60 North Gold* O 60 477 60 North Gold 66 Resources 80 92 Resources V 1763 92 Resources* O 21 Abacus Mng &Ex* O 1150 Abacus Mng &Ex V 845 V 552 Abcourt Mines Abcourt Mines* O 80 Aben Res* O 1684 Aben Res V 28934 Aberdeen Intl* O 77 Aberdeen Intl T 261 Abitibi Royalt* O 6 Abitibi Royalt V 2 AbraPlata Res* O 78 AbraPlata Res V 339 Acacia Mining* O 1 Adamera Mnls V 2119 Adamera Mnls* O 884 Adex Mining V 358 Advance Gold V 498 Advantage Lith V 419 Advantage Lith* O 282 Adventus Zinc V 56 Aethon Mineral V 24 AEX Gold V 27 Affinity Gold* O 38 Affinity Metal* O 3 African Gold V 972 African Metals* O 1 African Mnrls* O 20 Aftermath Slvr* O 14 Aftermath Slvr V 216 Agnico Eagle* N 5219 Agnico Eagle T 3362 AgriMinco* O 80 Aguia Resource V 832 Aguila Amer Gd V 4 Aida Minerals 33354 AJN Resources 5 Alacer Gold T 2302 Alamos Gold T 3897 Alamos Gold* N 7494 Alaska Pac Egy* O 80 Albert Mining V 1227 O 20 Albert Mining* Alchemist Mng 682 Alcoa* N 23276 Alderon Iron* O 21 Alderon Iron T 520 Aldershot Res V 984 Aldershot Res* O 42 Aldever Res V 1 Aldever Res* O 0 Aldridge Min V 163 Aldridge Min* O 120 V 1697 Alexandria Min Alexandria Min* O 172 Alexco Res* X 910 Alexco Res T 384 Algold Res* O 2 Algold Res V 677 Alianza Min V 31 Alianza Min* O 9 Allante Potash V 4 Allegiant Gold V 249 Allegiant Gold* O 155 Alliance Mng V 3584 Alliance Res* D 2597 Almaden Mnls T 44 Almaden Mnls* X 390 Almonty Ind T 136 Almonty Ind * O 35 Alphamin Res V 69 Alphamin Res * O 28 Alset Minerals V 128 Altai Res V 256 Altair Res Inc V 1672 Altamira Gold V 356 Altamira Gold* O 136 Altan Nev Mnls V 2262 Altan Rio Mnls V 59 Altiplano Mnls V 278 O 3 Altiplano Mnls* Altius Mnrls T 258 Alto Vent V 232 Altura Mng Ltd* O 578 Alturas Mnrls V 436 Altus Strat V 1413 Alumina Inc* O 64 ALX Uranium* O 122 ALX Uranium V 206 Am Creek Res V 847 Am CuMo Mng* O 134 268 Am CuMo Mng V Am Manganese* O 511 Am Manganese V 469 AM Resources V 154 Am Sierra Gold* O 24 Amador Gold* O 0 Amani Gold* O 6 Amarc Res V 177 Amarc Res* O 119 Amarillo Gold V 184 O 119 Amarillo Gold* Amazing Energy* O 251 Amer Intl Vent* O 106 American Lith* O 39 American Lith V 517 American Pac* O 91 American Pac 320 Americas Silvr* X 207 Americas Silvr T 172 Amerigo Res T 902 Amerigo Res* O 377 Amex Expl* O 8 Amex Expl V 317 Amseco Expl V 507 T 256 Anaconda Mng Anaconda Mng* O 185 Anconia Res V 790 Andes Gold* O 258 Andover Mng* O 80 Anfield Energy* O 169 V 892 Anfield Energy Angel Gold* O 40 Angel Gold V 587 Angkor Gold V 246 Anglo American* O 19 Anglo American* O 392 Anglo Pac Grp T 1 AngloGold Ash* O 0 AngloGold Ash* N 7975 Angus Ventures V 23 Antioquia Gold* O 42 V 688 Antioquia Gold Antler Gold V 126 Antler Hill V 79 Antofagasta* O 1 8 APAC Res Inc* O APAC Res Inc 32 Apex Res V 94 Apex Res * O 0 Apogee Opport * O 1 Appia Energy 65 Appia Energy* O 16 Applied Mrnls* O 210 Aquila Res* O 184 Aquila Res T 166 Arch Coal* N 1114 Archon Mineral V 30 Arco Res* O 466 Arctic Star* O 6 Arctic Star V 357 Arcturus Vent V 28 Arcus Dev Grp V 433 Arena Mnls V 722 Arena Mnls* O 60 Argentina Lith* O 4 Argentina Lith V 338 Argentum Silvr* O 3 Argentum Silvr V 139 Argex Titanium T 1424 Argex Titanium* O 48

0.00 0.00 0.30 unch 0.00 0.35 0.12 0.14 0.14 0.14 unch 0.00 0.14 0.14 0.20 0.16 0.18 - 0.01 0.20 0.12 0.27 0.14 0.17 - 0.10 0.27 0.14 0.08 0.06 0.07 unch 0.00 0.27 0.04 0.06 0.04 0.05 + 0.01 0.20 0.03 0.29 0.11 0.18 + 0.05 0.98 0.10 0.38 0.14 0.26 + 0.10 1.25 0.14 0.06 0.05 0.06 + 0.01 0.09 0.05 0.04 0.04 0.04 - 0.00 0.08 0.03 0.30 0.12 0.30 + 0.16 0.41 0.08 0.39 0.18 0.38 + 0.21 0.50 0.11 0.10 0.09 0.09 - 0.01 0.16 0.09 0.13 0.12 0.12 - 0.01 0.21 0.12 7.70 7.60 7.60 unch 0.00 8.14 6.00 10.00 9.88 9.99 - 0.01 10.45 7.41 0.08 0.08 0.08 - 0.00 0.42 0.07 0.11 0.10 0.10 unch 0.00 0.52 0.09 1.47 1.47 1.47 unch 0.00 2.77 1.47 0.08 0.06 0.08 + 0.02 0.20 0.05 0.06 0.04 0.06 + 0.01 0.17 0.04 0.01 0.00 0.01 unch 0.00 0.04 0.01 0.18 0.13 0.16 - 0.01 0.60 0.05 0.87 0.81 0.81 - 0.02 1.42 0.37 0.68 0.61 0.62 - 0.03 1.14 0.29 0.91 0.86 0.86 - 0.05 1.15 0.51 0.46 0.00 0.45 - 0.03 0.85 0.12 0.38 0.38 0.38 unch 0.00 0.71 0.36 0.02 0.02 0.02 + 0.00 0.04 0.01 0.06 0.06 0.06 unch 0.00 0.06 0.04 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.04 0.04 0.04 unch 0.00 0.04 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.11 0.08 0.10 + 0.02 0.14 0.00 0.15 0.11 0.15 + 0.01 0.19 0.04 41.80 39.83 39.97 - 1.58 51.86 37.35 54.38 51.99 52.48 - 1.51 64.84 48.04 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.17 0.14 0.14 - 0.02 0.50 0.15 0.18 0.18 0.18 unch 0.00 0.30 0.17 0.28 0.07 0.07 - 0.02 1.50 0.04 0.10 0.10 0.10 unch 0.00 0.10 0.10 2.76 2.66 2.69 + 0.02 2.97 1.96 7.12 6.26 6.30 - 0.48 10.50 6.19 5.34 4.77 4.80 - 0.43 8.58 4.82 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.03 0.03 unch 0.00 0.10 0.03 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.05 0.04 0.04 - 0.01 0.35 0.04 45.17 41.90 44.98 + 2.26 62.35 36.93 0.23 0.22 0.22 - 0.01 0.29 0.16 0.35 0.27 0.31 + 0.01 0.38 0.21 0.18 0.16 0.18 unch 0.00 0.23 0.03 0.14 0.11 0.11 - 0.03 0.18 0.02 0.00 0.00 0.06 unch 0.00 0.21 0.06 0.00 0.00 0.04 unch 0.00 0.14 0.04 0.08 0.06 0.07 + 0.01 0.22 0.05 0.05 0.04 0.04 unch 0.00 0.17 0.03 0.06 0.05 0.05 - 0.01 0.12 0.04 0.05 0.04 0.04 - 0.00 0.09 0.03 1.24 1.14 1.17 - 0.07 1.85 1.10 1.65 1.48 1.55 - 0.05 2.28 1.41 0.07 0.00 0.07 - 0.00 0.15 0.06 0.72 0.00 0.62 - 0.28 2.30 0.70 0.09 0.08 0.08 - 0.01 0.15 0.05 0.07 0.06 0.06 - 0.01 0.11 0.04 0.10 0.10 0.10 unch 0.00 0.11 0.05 0.51 0.41 0.46 + 0.04 0.75 0.33 0.39 0.29 0.37 + 0.03 0.58 0.00 0.03 0.02 0.02 unch 0.00 0.06 0.01 20.45 19.50 20.15 + 0.15 21.90 15.55 0.90 0.83 0.85 unch 0.00 1.61 0.82 0.69 0.65 0.65 - 0.01 1.32 0.63 0.94 0.00 0.89 - 0.01 0.98 0.23 0.70 0.67 0.69 + 0.02 0.73 0.22 0.27 0.25 0.27 + 0.01 0.44 0.25 0.18 0.18 0.18 unch 0.00 0.35 0.18 0.11 0.10 0.11 unch 0.00 0.36 0.09 0.08 0.08 0.08 unch 0.00 0.47 0.07 0.04 0.03 0.03 - 0.01 0.25 0.03 0.14 0.10 0.14 + 0.04 0.35 0.09 0.10 0.07 0.10 + 0.03 0.29 0.07 0.05 0.02 0.02 + 0.01 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.33 0.30 0.32 unch 0.00 0.64 0.11 0.25 0.25 0.25 unch 0.00 0.46 0.15 12.90 12.56 12.78 + 0.13 15.58 10.78 0.04 0.03 0.04 + 0.01 0.13 0.03 0.22 0.19 0.21 - 0.01 0.40 0.13 0.02 0.01 0.02 + 0.01 0.06 0.01 0.10 0.09 0.09 - 0.01 0.14 0.09 8.77 8.42 8.44 - 0.07 8.97 6.06 0.07 0.06 0.06 - 0.00 0.08 0.05 0.09 0.08 0.08 + 0.01 0.11 0.06 0.04 0.03 0.04 + 0.01 0.08 0.03 0.09 0.07 0.07 - 0.00 0.25 0.05 0.11 0.10 0.11 - 0.01 0.31 0.06 0.12 0.10 0.11 - 0.00 0.28 0.10 0.16 0.14 0.14 - 0.01 0.35 0.14 0.18 0.14 0.17 + 0.03 0.31 0.12 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.00 0.00 0.10 unch 0.00 0.16 0.06 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.09 0.07 0.09 + 0.01 0.26 0.07 0.07 0.05 0.05 - 0.02 0.21 0.05 0.26 0.22 0.25 - 0.02 0.42 0.19 0.19 0.00 0.19 + 0.00 0.32 0.15 0.30 0.20 0.27 - 0.03 0.94 0.20 0.01 0.01 0.01 + 0.00 0.06 0.01 0.40 0.35 0.35 - 0.03 0.69 0.18 0.50 0.44 0.44 - 0.05 0.50 0.17 0.12 0.11 0.12 - 0.00 0.32 0.11 0.16 0.14 0.14 - 0.01 0.41 0.15 2.70 2.46 2.50 - 0.02 5.04 2.46 3.39 3.21 3.30 + 0.09 6.11 3.21 0.88 0.81 0.84 - 0.03 1.35 0.65 0.68 0.62 0.64 - 0.03 1.09 0.51 0.06 0.06 0.06 unch 0.00 0.12 0.06 0.08 0.07 0.08 + 0.01 0.22 0.07 0.02 0.01 0.01 - 0.01 0.04 0.01 0.32 0.29 0.31 + 0.01 0.56 0.24 0.24 0.22 0.24 - 0.00 0.48 0.16 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.01 0.00 0.01 + 0.00 0.02 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.45 0.33 0.41 + 0.06 0.49 0.15 0.59 0.41 0.54 + 0.09 0.59 0.19 0.03 0.02 0.02 - 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.12 0.03 0.19 0.16 0.18 - 0.01 0.32 0.14 22.74 20.85 20.85 - 0.91 26.05 16.33 11.46 10.65 10.76 - 0.37 13.13 7.88 2.30 2.29 2.30 unch 0.00 3.36 1.31 0.00 0.00 7.43 unch 0.00 10.47 7.42 8.73 8.39 8.55 - 0.20 12.00 7.81 0.45 0.45 0.45 unch 0.00 0.50 0.33 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.12 0.03 0.15 0.14 0.14 - 0.01 0.50 0.11 0.10 0.08 0.08 - 0.01 0.33 0.02 13.05 0.00 12.36 - 0.69 15.70 11.70 0.14 0.14 0.14 unch 0.00 0.20 0.14 0.20 0.20 0.20 unch 0.00 0.50 0.20 0.07 0.07 0.07 unch 0.00 0.15 0.07 0.00 0.00 0.05 unch 0.00 0.09 0.04 0.00 0.00 0.00 unch 0.00 0.28 0.00 0.23 0.21 0.23 unch 0.00 0.23 0.10 0.19 0.15 0.15 + 0.00 0.19 0.07 0.12 0.10 0.11 - 0.00 0.25 0.02 0.21 0.18 0.20 - 0.00 0.30 0.18 0.26 0.25 0.26 unch 0.00 0.39 0.22 91.05 87.76 88.85 - 0.42 102.61 68.95 0.92 0.62 0.62 unch 0.00 1.31 0.62 1.00 0.66 0.67 - 0.01 1.39 0.35 0.08 0.07 0.08 + 0.01 0.20 0.07 0.11 0.10 0.11 unch 0.00 0.26 0.10 0.10 0.10 0.10 unch 0.00 0.20 0.07 0.06 0.04 0.06 + 0.01 0.19 0.04 0.07 0.06 0.06 unch 0.00 0.17 0.06 0.05 0.04 0.04 unch 0.00 0.14 0.04 0.10 0.10 0.10 + 0.01 0.48 0.08 0.15 0.11 0.14 + 0.03 0.60 0.08 0.20 0.20 0.20 unch 0.00 0.24 0.11 0.22 0.21 0.21 - 0.01 0.33 0.15 0.05 0.04 0.05 + 0.01 0.08 0.04 0.04 0.02 0.03 - 0.01 0.05 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Argo Gold 233 O 64 Argonaut Gold* T 1153 Argonaut Gold Argus Metals V 225 Arian Silver* O 300 Arianne Phosph* O 87 V 78 Arianne Phosph Arizona Mng* O 756 Arizona Mng T 3675 Arizona Silver V 69 O 54 Arizona Silver* Armor Mnrls V 2 Asanko Gold T 690 Asanko Gold* X 2051 Asante Gold 200 Ascot Res * O 20 Ascot Res V 351 V 35 Ashanti Sanko V 30 AsiaBaseMetals 0 AsiaBaseMetals* O Asian Minl Res V 41 Aston Bay* O 90 Aston Bay V 901 Astorius Res V 181 ATAC Res V 775 Atacama Pacif V 1313 O 58952 Atacama Res* O 10 Athabasca Mnls* V 935 Athabasca Mnls Athena Silver* O 5 Atico Mng* O 156 Atico Mng V 313 Atlanta Gold* O 8 Atlanta Gold V 30 Atlantic Gold V 1012 Atlantic Ind V 917 Atlatsa Res* O 149 Atlatsa Res T 162 1 Atom Energy * O Aton Res Inc* O 973 Aton Res Inc V 3254 Aura Mnls* O 10 Aura Mnls T 62 260 Aura Silver Rs V Auramex Res V 464 Aurania Res* O 23 Aurania Res V 19 Aurcana Corp V 681 O 31 Aurcana Corp* AurCrest Gold V 31 63 Aurion Res * O Aurion Res V 86 Aurora Royal V 63 Auryn Res* X 236 Auryn Res T 198 Austin Res V 234 Austral Gold* O 31 Austral Gold V 170 O 45 Australian Mns* Auxico Res 571 902 Avalon Adv Mat T Avalon Adv Mat* O 195 Avarone Metals 43 Avesoro Res T 4 Avesoro Res* O 1 Avidian Gold V 658 Avino Silver* X 531 Avino Silver T 69 Avrupa Mnls* O 326 Avrupa Mnls V 242 AXE Expl V 290 Axmin Inc* O 54 Axmin Inc V 982 V 205 Azarga Metals O 35 Azarga Metals* Azarga Uranium* O 195 T 1247 Azarga Uranium Aziel Corp* O 3 Azimut Expl V 67 O 73 Azincourt Ener* V 748 Azincourt Ener V 65 Aztec Minerals O 31 Aztec Minerals* Azteca Gold* O 45 Azucar Min V 207 Azucar Min* O 157

0.18 0.10 0.18 + 0.09 0.22 0.07 1.61 1.54 1.58 - 0.09 2.40 1.54 2.20 2.01 2.07 - 0.09 2.92 2.01 0.17 0.17 0.17 unch 0.00 0.75 0.08 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.41 0.33 0.39 - 0.02 0.67 0.33 0.54 0.49 0.52 - 0.02 0.83 0.44 4.77 4.51 4.70 - 0.05 5.90 1.61 6.20 6.18 6.19 unch 0.00 6.20 2.60 0.12 0.10 0.11 unch 0.00 0.33 0.08 0.10 0.08 0.10 + 0.02 0.27 0.06 0.46 0.00 0.46 - 0.04 0.73 0.32 1.32 1.21 1.28 - 0.01 1.79 0.55 1.02 0.95 0.96 - 0.04 1.38 0.43 0.05 0.03 0.05 unch 0.00 0.15 0.03 0.74 0.62 0.73 + 0.00 1.51 0.62 0.96 0.82 0.94 + 0.02 1.96 0.82 0.05 0.05 0.05 unch 0.00 0.10 0.02 0.39 0.31 0.39 + 0.02 0.40 0.13 0.00 0.00 0.26 unch 0.00 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.14 0.11 0.12 - 0.02 0.20 0.09 0.18 0.15 0.15 - 0.02 0.29 0.10 0.04 0.03 0.03 - 0.01 0.20 0.03 0.60 0.51 0.51 - 0.04 0.89 0.46 0.69 0.67 0.67 unch 0.00 0.86 0.57 0.00 0.00 0.00 - 0.00 0.03 0.00 0.20 0.17 0.17 - 0.03 0.20 0.09 0.26 0.00 0.24 - 0.03 0.27 0.12 0.04 0.04 0.04 unch 0.00 0.33 0.02 0.38 0.31 0.32 + 0.01 0.71 0.30 0.46 0.40 0.43 + 0.03 0.91 0.39 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.05 0.00 0.05 - 0.01 0.08 0.04 1.75 1.61 1.66 - 0.07 1.99 1.30 0.03 0.02 0.02 + 0.01 0.09 0.01 0.03 0.03 0.03 + 0.00 0.04 0.01 0.05 0.03 0.04 unch 0.00 0.06 0.02 0.02 0.01 0.02 + 0.01 0.26 0.00 0.03 0.02 0.03 + 0.01 0.04 0.02 0.04 0.03 0.04 + 0.01 0.05 0.02 1.61 0.00 1.61 - 0.08 2.38 1.14 2.18 2.08 2.18 + 0.08 3.00 1.32 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.04 0.03 0.04 unch 0.00 0.10 0.03 1.72 1.49 1.57 + 0.05 6.06 1.03 2.25 1.95 2.24 + 0.24 7.57 1.51 0.23 0.22 0.23 unch 0.00 0.30 0.17 0.16 0.13 0.14 - 0.02 0.25 0.13 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.62 0.60 0.60 - 0.02 2.82 0.52 0.81 0.76 0.77 - 0.03 3.49 0.67 0.10 0.00 0.08 - 0.01 0.24 0.03 1.09 1.00 1.03 - 0.02 2.79 0.97 1.41 1.29 1.38 + 0.01 3.47 1.26 0.02 0.02 0.02 + 0.01 0.04 0.01 0.06 0.00 0.04 - 0.02 0.16 0.04 0.09 0.08 0.09 unch 0.00 0.18 0.08 0.07 0.06 0.06 - 0.01 0.33 0.05 0.19 0.16 0.19 - 0.01 0.45 0.16 0.08 0.07 0.08 unch 0.00 0.16 0.07 0.07 0.05 0.05 - 0.00 0.13 0.05 0.06 0.05 0.06 + 0.01 0.14 0.02 4.00 0.00 3.97 + 0.02 5.99 2.50 3.04 2.99 3.02 - 0.02 3.65 1.89 0.50 0.35 0.50 + 0.15 0.70 0.20 1.13 0.97 0.99 - 0.12 1.80 1.07 1.48 1.28 1.33 - 0.11 2.26 1.30 0.08 0.06 0.07 - 0.01 0.10 0.05 0.09 0.08 0.09 unch 0.00 0.13 0.06 0.06 0.06 0.06 unch 0.00 0.17 0.02 0.19 0.11 0.13 + 0.02 0.12 0.02 0.24 0.14 0.18 + 0.03 0.17 0.03 0.11 0.00 0.11 unch 0.00 0.18 0.10 0.11 0.00 0.10 + 0.01 0.16 0.05 0.21 0.17 0.18 - 0.01 0.22 0.14 0.27 0.23 0.23 - 0.02 0.34 0.18 0.90 0.70 0.70 - 0.33 9.10 0.60 0.29 0.26 0.27 - 0.01 0.48 0.26 0.07 0.06 0.06 - 0.00 0.23 0.04 0.10 0.09 0.09 unch 0.00 0.37 0.05 0.23 0.00 0.23 unch 0.00 0.38 0.19 0.18 0.17 0.18 + 0.00 0.30 0.14 0.00 0.00 0.00 + 0.00 0.00 0.00 0.74 0.67 0.71 + 0.01 1.75 0.60 0.59 0.50 0.53 - 0.01 1.44 0.46

B2Gold T 8616 10341 B2Gold* X 0 B4MC Gold* O O 173 Balmoral Res* Balmoral Res T 361 Balto Res V 134 V 436 Bankers Cobalt O 51 Bankers Cobalt* O 845 Bannerman Res* Banyan Gold V 447 Banyan Gold* O 406 O 580 Bard Ventures* Bard Ventures V 1540 Barker Mnrls V 597 Barkerville Go V 1386 O 504 Barkerville Go* Baroyeca Go&Si V 45 Barrick Gold T 11320 Barrick Gold* N 58133 Barsele Min* O 60 Barsele Min V 58 Batero Gold V 363 O 98 Bayhorse Silvr* V 232 Bayhorse Silvr BC Moly V 3 BCM Res V 79 V 5 BE Res 107 Bear Creek Mng V Bearclaw Cap V 80 Beaufield Res V 239 O 215 Beaufield Res* Beeston Ent* O 1243 Bell Copper* O 20 Belmont Res V 2492 Belo Sun Mng T 3160 BeMetals V 170 V 145 Benchmark Met Benton Res V 350 Benz Mining* O 8 Benz Mining V 326 Berkeley Egy* O 25 34 Berkwood Res * O V 598 Berkwood Res Bitterroot Res V 2857 O 35 Bitterroot Res* Black Dragon V 239 Black Dragon* O 39 Black Hills* N 2012 Black Iron T 80 564 Black Isle Res V 4 Black Mam Mtls V 176 Black Sea Cop V 17 Black Sea Cop* O 103 Black Tusk Res V 143 Blackheath Res O 12 Blackrock Gold* Blackrock Gold V 344 86 Blind Crk Res V BLOX Inc* O 4 78 Blue Moon Zinc* O 444 Blue Moon Zinc V Blue Rvr Res V 1165 72 Blue Sky Uran* O 549 Blue Sky Uran V V 8 Bluenose Gold O 20 Bluestone Res* Bluestone Res V 49 Bold Vent V 171 O 3337 Bonanza Gldfds* BonTerra Res V 835 O 300 BonTerra Res* Boreal Metals V 277 Borneo Res Inv* O 1380 Bravada Gold V 73 O 86 Bravada Gold* Braveheart Res V 69 O 2 Bravo Multinat* 19246 Brazil Mnrls* O V 67 Brigadier Gold O 19 BrightRock Gld*

3.33 3.14 3.21 + 0.02 4.06 3.08 2.55 2.40 2.45 unch 0.00 3.30 2.40 8.50 0.00 8.50 unch 0.00 10.00 6.25 0.15 0.13 0.13 + 0.00 0.57 0.12 0.18 0.17 0.18 unch 0.00 0.69 0.17 0.10 0.05 0.06 + 0.01 0.38 0.03 0.10 0.00 0.09 - 0.01 0.85 0.09 0.08 0.06 0.07 + 0.00 0.68 0.03 0.06 0.05 0.05 - 0.01 0.06 0.02 0.08 0.06 0.07 + 0.01 0.13 0.04 0.06 0.03 0.06 + 0.03 0.10 0.03 0.05 0.03 0.03 unch 0.00 0.05 0.02 0.08 0.04 0.06 + 0.01 0.08 0.02 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.44 0.38 0.40 - 0.03 0.95 0.38 0.35 0.29 0.31 - 0.02 0.75 0.29 0.01 0.01 0.01 unch 0.00 0.04 0.01 14.64 14.04 14.22 - 0.20 22.70 14.04 11.17 10.75 10.83 - 0.27 18.35 10.75 0.49 0.43 0.43 - 0.06 0.72 0.42 0.62 0.53 0.58 - 0.04 1.03 0.53 0.07 0.07 0.07 unch 0.00 0.12 0.06 0.09 0.07 0.08 + 0.01 0.22 0.07 0.11 0.09 0.10 unch 0.00 0.27 0.09 0.06 0.06 0.06 unch 0.00 0.16 0.04 0.24 0.20 0.20 - 0.01 0.26 0.08 0.05 0.05 0.05 unch 0.00 0.08 0.04 1.93 1.69 1.70 - 0.15 2.74 1.64 0.05 0.05 0.05 unch 0.00 0.06 0.03 0.07 0.06 0.06 - 0.01 0.25 0.06 0.06 0.04 0.05 - 0.01 0.19 0.04 0.01 0.00 0.01 + 0.00 0.01 0.00 0.05 0.05 0.05 + 0.00 0.16 0.03 0.09 0.08 0.08 - 0.01 0.10 0.02 0.23 0.19 0.20 - 0.01 0.68 0.19 0.22 0.18 0.18 unch 0.00 0.32 0.15 0.19 0.18 0.18 unch 0.00 0.38 0.15 0.07 0.06 0.06 unch 0.00 0.09 0.05 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.08 0.07 0.07 + 0.01 0.47 0.06 0.56 0.55 0.56 - 0.06 0.88 0.50 0.07 0.05 0.07 - 0.00 0.44 0.06 0.09 0.07 0.08 - 0.01 0.55 0.07 0.12 0.08 0.08 - 0.03 0.28 0.03 0.08 0.07 0.07 - 0.02 0.24 0.03 0.18 0.16 0.16 - 0.02 0.39 0.12 0.12 0.11 0.11 + 0.01 0.13 0.03 61.13 59.50 60.22 + 0.19 70.97 50.49 0.10 0.09 0.09 - 0.01 0.17 0.08 0.05 0.00 0.04 unch 0.00 0.06 0.03 0.11 0.11 0.11 unch 0.00 0.25 0.06 0.06 0.00 0.05 - 0.01 0.21 0.05 0.05 0.00 0.04 - 0.02 0.16 0.03 0.21 0.19 0.21 + 0.01 0.29 0.12 0.03 0.02 0.02 unch 0.00 0.08 0.02 0.06 0.05 0.06 - 0.00 0.12 0.05 0.07 0.06 0.07 + 0.01 0.16 0.05 0.07 0.05 0.06 - 0.02 0.38 0.05 0.23 0.16 0.23 + 0.07 0.30 0.07 0.07 0.05 0.06 - 0.01 0.11 0.02 0.09 0.08 0.08 - 0.01 0.14 0.03 0.03 0.02 0.03 + 0.01 0.05 0.01 0.14 0.11 0.11 - 0.02 0.25 0.10 0.17 0.15 0.15 - 0.02 0.32 0.10 0.15 0.10 0.15 unch 0.00 0.17 0.00 1.08 1.03 1.04 unch 0.00 1.35 0.86 1.40 1.33 1.35 - 0.02 1.60 0.95 0.03 0.03 0.03 - 0.01 0.06 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.37 0.34 0.35 unch 0.00 0.72 0.34 0.29 0.25 0.27 - 0.00 0.57 0.25 0.15 0.14 0.14 unch 0.00 0.40 0.10 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.08 0.09 unch 0.00 0.21 0.08 0.07 0.05 0.07 + 0.00 0.17 0.05 0.10 0.10 0.10 unch 0.00 0.12 0.04 0.06 0.06 0.06 unch 0.00 2.70 0.05 0.00 0.00 0.00 + 0.00 0.04 0.00 0.24 0.17 0.18 - 0.06 0.26 0.08 0.01 0.00 0.01 + 0.00 0.01 0.00

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Brilliant Sand* O 2 O 171 Britannia Mng* Brixton Mtls V 213 Brixton Mtls* O 201 O 228 Broadway Gold* Broadway Gold V 313 O 572 Brookmount Exp* V 1 Brunswick Res Bryn Res* O 303 V 37 Buccaneer Gold Buenaventura* N 2464 Buffalo Coal V 404 Bullfrog Gold* O 140 Bullman Mnls V 25 Bunker Hill 281 BWR Explor V 410

0.05 0.05 0.05 unch 0.00 0.12 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.22 0.20 0.22 + 0.01 0.49 0.17 0.17 0.15 0.17 + 0.00 0.39 0.13 0.12 0.08 0.10 + 0.02 0.48 0.07 0.18 0.11 0.14 + 0.03 0.59 0.10 0.01 0.01 0.01 - 0.00 0.05 0.00 0.05 0.05 0.05 unch 0.00 0.05 0.02 0.02 0.01 0.02 - 0.00 0.06 0.00 0.09 0.07 0.07 - 0.03 0.18 0.03 13.86 13.31 13.59 - 0.13 16.80 11.83 0.02 0.01 0.02 + 0.01 0.03 0.01 0.09 0.08 0.08 + 0.01 0.18 0.05 0.09 0.09 0.09 unch 0.00 0.10 0.06 0.59 0.38 0.52 - 0.03 3.15 0.35 0.05 0.04 0.04 - 0.01 0.10 0.04

Cabral Gold V 606 Cabral Gold* O 4 Cache Expl* O 39 Cache Expl V 241 O 1 Cadence Min* Cadillac Vent V 461 Cairo Res V 1 Caledonia Mng T 55 X 70 Caledonia Mng* Calibre Mng V 519 California Gld V 725 California Go* O 20 O 280 Callinex Mines* V 595 Callinex Mines Cameco Corp* N 6627 Cameco Corp T 3671 Cameo Cobalt* O 75 V 1224 Cameo Cobalt Camino Mnls* O 0 Camino Mnls V 377 Camrova Res V 20 O 15 Camrova Res* Canada Coal V 72 V 1775 Canada Cobalt Canada One V 12 Canada One* O 8 O 15 Canadian Mng* O 127 CanAlaska Uran* V 102 CanAlaska Uran CanAm Coal* O 50 Canamex Gold 23 O 24 Canamex Gold* Canarc Res T 159 Canarc Res* O 83 Canasil Res V 647 Candelaria Mg V 17 T 358 Candente Coppr V 252 Candente Gold Canex Energy V 20 V 380 CANEX Metals O 0 CaNickel Mng* CaNickel Mng V 27 Canstar Res* O 8 Canterra Mnls V 172 18 Cantex Mn Dev V 10 Cantex Mn Dev* O Canuc Res V 21 Canuc Res* O 3 T 1193 Capstone Mng Caracara Silvr V 40 O 91 Caracara Silvr* Cardero Res V 160 Cardero Res* O 3 Cardinal Res* O 1 Cardinal Res T 130 Cariboo Rose V 180 Carlin Gold V 251 Carmax Mng* O 17 Carrara Explor 7405 Cartier Iron 223 Cartier Res V 174 V 792 Carube Copper V 39 Casa Minerals O 432 Casablanca Mng* V 929 Cascadero Copp 161 Castle Peak Mg V Cautivo Mining 0 Cda Carbon* O 42 Cda Carbon V 422 446 Cda Rare Earth V Cda Rare Earth* O 207 0 Cdn Intl Mnrls* O 255 Cdn Intl Mnrls V Cdn Metals 586 V 12 Cdn Orebodies Cdn Orebodies* O 3 Cdn Platinum V 30 Cdn Zinc T 473 Cdn Zinc* O 255 O 1059 CellCube Enrgy* CellCube Enrgy 3262 Centamin T 61 O 123 Centaurus Diam* O 8 Centenera Mng* V 173 Centenera Mng Centerra Gold T 3257 Central Iron V 849 V 252 Centurion Mnls O 285 Century Cobalt* T 98 Century Global Cerro Grande 25 Cerro Mng V 1 Ceylon Graph V 502 V 1067 Chakana Copper O 799 Chakana Copper* Chalice Gold M* O 131 242 Chalice Gold M T V 153 Champion Bear O 0 Champion Bear* T 1117 Champion Iron O 66 Champion Iron* Chantrell Vent V 207 V 195 Chatham Rock O 0 Chatham Rock* O 75 Chesapeake Gld* Chesapeake Gld V 50 Chevron Corp* N 26303 Chiboug Ind Mn V 366 23 Chiboug Ind Mn* O V 41 Chilean Metals O 8 Chilean Metals* Chimata Gold 35 693 China Gold Int T 22 China Mnls Mng V 2 China Mnls Mng* O CIM Intl Grp 1 Cipher Res* O 48 Cipher Res V 1798 Claim Post Res V 3407 V 71 Clarmin Explor Clean Comm* O 110 Clean Comm V 1495 V 275 Cleghorn Mnls Cleveland-Clif* N 48246 Clifton Mng* O 30 Cloud Peak En* N 2022 V 8 Clydesdale Res CMC Metals V 695 512 CMX Gold & Sil CNRP Mng 138 CNRP Mng* O 31 Cobalt 27 Cap V 1131 Cobalt Block V 516 Cobalt Block* O 46 Cobalt Pwr Grp* O 145 Cobalt Pwr Grp V 3092 12761 Coeur Mng* N Colibri Res V 227 V 2 Colombia Crest O 12 Colombia Crest* Colonial Coal V 728 O 1 Colorado Gold* O 199 Colorado Res* Colorado Res V 2287 Colt Res* O 5 Columbus Gold T 176 O 278 Columbus Gold* Comet Inds V 41 V 223 Commander Res

0.25 0.20 0.20 - 0.03 0.50 0.20 0.20 0.17 0.17 - 0.03 0.32 0.17 0.03 0.03 0.03 unch 0.00 0.17 0.03 0.05 0.04 0.04 unch 0.00 0.21 0.04 1.38 1.36 1.37 - 0.13 2.71 1.36 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.33 0.33 0.33 unch 0.00 0.43 0.30 12.05 10.30 10.35 - 1.63 12.50 6.70 9.22 7.82 8.45 - 0.77 9.94 5.17 0.06 0.05 0.06 + 0.01 0.18 0.05 0.23 0.21 0.23 + 0.01 0.64 0.20 0.16 0.16 0.16 unch 0.00 0.49 0.15 0.14 0.12 0.12 - 0.01 0.39 0.12 0.18 0.16 0.16 - 0.02 0.48 0.17 11.29 10.74 10.77 - 0.40 12.19 7.68 14.54 14.11 14.14 - 0.33 15.95 9.90 0.21 0.16 0.16 - 0.00 0.99 0.14 0.24 0.21 0.21 - 0.02 0.46 0.10 0.11 0.00 0.11 + 0.00 0.53 0.10 0.17 0.14 0.16 + 0.01 0.71 0.14 0.09 0.09 0.09 unch 0.00 0.16 0.06 0.07 0.00 0.04 - 0.02 0.15 0.00 0.09 0.09 0.09 unch 0.00 0.12 0.04 0.79 0.64 0.73 - 0.01 0.90 0.15 0.08 0.00 0.08 unch 0.00 0.52 0.07 0.06 0.00 0.06 + 0.00 0.32 0.06 0.70 0.00 0.62 + 0.03 0.70 0.20 0.27 0.24 0.24 - 0.03 0.37 0.21 0.35 0.31 0.32 - 0.01 0.45 0.26 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.10 0.00 0.10 unch 0.00 0.17 0.10 0.07 0.07 0.07 - 0.00 0.22 0.06 0.06 0.05 0.06 + 0.01 0.11 0.05 0.05 0.04 0.04 - 0.00 0.08 0.04 0.13 0.10 0.11 unch 0.00 0.19 0.07 0.42 0.39 0.40 + 0.02 0.99 0.23 0.10 0.00 0.10 + 0.01 0.21 0.07 0.04 0.03 0.03 - 0.01 0.06 0.02 0.24 0.24 0.24 unch 0.00 0.40 0.18 0.07 0.06 0.07 + 0.01 0.08 0.03 0.00 0.00 0.09 unch 0.00 0.18 0.08 0.12 0.11 0.12 + 0.01 0.24 0.09 0.05 0.03 0.05 unch 0.00 0.07 0.01 0.03 0.02 0.03 - 0.01 0.06 0.02 0.22 0.20 0.20 - 0.02 0.35 0.15 0.16 0.00 0.15 - 0.06 0.24 0.01 0.15 0.15 0.15 unch 0.00 0.54 0.12 0.12 0.10 0.12 + 0.01 0.41 0.10 0.99 0.89 0.99 + 0.09 1.62 0.89 0.11 0.08 0.11 + 0.02 0.30 0.05 0.09 0.06 0.08 - 0.01 0.14 0.06 0.14 0.12 0.13 + 0.01 0.22 0.09 0.10 0.09 0.10 + 0.01 0.17 0.06 0.30 0.30 0.30 unch 0.00 0.44 0.30 0.44 0.39 0.40 + 0.01 1.05 0.38 0.03 0.03 0.03 unch 0.00 0.15 0.03 0.03 0.03 0.03 - 0.01 0.09 0.03 0.05 0.04 0.05 + 0.01 0.16 0.04 0.05 0.04 0.05 + 0.01 0.19 0.03 0.09 0.07 0.08 + 0.01 0.25 0.06 0.15 0.14 0.14 - 0.01 0.32 0.12 0.07 0.06 0.07 + 0.01 0.10 0.05 0.15 0.14 0.15 + 0.02 0.22 0.07 0.02 0.02 0.02 - 0.00 0.15 0.00 0.05 0.04 0.05 unch 0.00 0.16 0.04 0.02 0.02 0.02 + 0.01 0.03 0.02 0.00 0.00 0.38 unch 0.00 0.85 0.20 0.07 0.07 0.07 + 0.00 0.17 0.04 0.10 0.09 0.09 unch 0.00 0.22 0.04 0.07 0.06 0.07 unch 0.00 0.10 0.03 0.05 0.05 0.05 + 0.00 0.08 0.02 0.00 0.00 0.15 unch 0.00 0.41 0.06 0.20 0.14 0.16 + 0.02 0.40 0.11 0.09 0.07 0.09 + 0.01 0.20 0.05 0.27 0.25 0.25 - 0.02 0.39 0.17 0.18 0.18 0.18 - 0.03 0.27 0.14 0.03 0.02 0.03 + 0.01 0.05 0.02 0.14 0.13 0.14 unch 0.00 0.23 0.12 0.11 0.09 0.10 - 0.00 0.19 0.09 0.16 0.13 0.14 + 0.00 0.60 0.13 0.20 0.17 0.18 unch 0.00 0.76 0.17 1.98 1.86 1.90 - 0.07 2.96 1.87 0.20 0.15 0.17 + 0.02 0.20 0.04 0.07 0.00 0.07 - 0.00 0.21 0.07 0.11 0.09 0.10 unch 0.00 0.25 0.09 6.03 5.68 5.92 + 0.11 9.35 5.68 0.04 0.02 0.03 + 0.01 0.07 0.01 0.02 0.00 0.02 - 0.01 0.05 0.02 0.06 0.04 0.05 + 0.01 0.06 0.01 0.22 0.19 0.19 - 0.03 0.29 0.13 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.17 unch 0.00 0.22 0.04 0.18 0.00 0.18 - 0.01 0.26 0.15 0.61 0.52 0.58 + 0.01 1.05 0.52 0.47 0.40 0.44 - 0.00 0.79 0.38 0.12 0.10 0.12 unch 0.00 0.25 0.10 0.14 0.14 0.14 - 0.01 0.33 0.13 0.18 0.16 0.16 + 0.01 0.23 0.10 0.11 0.11 0.11 unch 0.00 0.18 0.10 1.41 1.32 1.37 - 0.01 1.59 0.94 1.08 1.05 1.05 - 0.02 1.22 0.74 0.10 0.08 0.10 + 0.01 0.12 0.05 0.17 0.00 0.15 - 0.03 0.54 0.15 0.00 0.00 0.19 unch 0.00 0.40 0.19 1.64 1.43 1.49 - 0.05 3.23 1.38 2.14 1.87 1.87 - 0.14 4.00 1.82 125.70 121.50 123.34 - 0.71 133.88 105.30 0.07 0.06 0.07 + 0.01 0.08 0.05 0.05 0.04 0.04 - 0.01 0.06 0.03 0.12 0.00 0.10 - 0.02 0.50 0.12 0.10 0.08 0.08 - 0.02 0.12 0.02 0.10 0.08 0.10 + 0.02 0.11 0.06 2.27 2.15 2.21 + 0.02 3.19 1.85 0.15 0.00 0.15 + 0.03 0.40 0.12 0.09 0.00 0.09 unch 0.00 0.32 0.09 0.00 0.00 0.20 unch 0.00 0.50 0.08 0.08 0.08 0.08 unch 0.00 0.27 0.05 0.12 0.10 0.11 + 0.01 0.33 0.07 0.27 0.19 0.20 - 0.03 0.27 0.03 0.15 0.13 0.13 - 0.01 0.50 0.13 0.04 0.03 0.03 - 0.00 0.16 0.03 0.04 0.04 0.04 + 0.01 0.21 0.04 0.10 0.08 0.10 unch 0.00 0.14 0.05 11.14 9.94 10.32 - 0.56 11.44 5.60 0.08 0.07 0.08 unch 0.00 0.13 0.05 2.72 2.55 2.62 - 0.01 5.70 2.53 0.02 0.02 0.02 unch 0.00 0.15 0.02 0.03 0.02 0.03 unch 0.00 0.10 0.02 0.08 0.05 0.08 unch 0.00 0.12 0.04 0.51 0.41 0.41 - 0.09 0.83 0.34 0.39 0.31 0.31 - 0.08 1.98 0.02 7.00 6.25 6.35 - 0.51 14.00 6.25 0.22 0.17 0.19 - 0.02 0.40 0.01 0.17 0.00 0.15 - 0.02 0.32 0.02 0.06 0.04 0.05 + 0.01 0.29 0.04 0.08 0.06 0.07 + 0.01 0.35 0.06 6.62 6.24 6.36 - 0.14 9.87 6.24 0.03 0.03 0.03 unch 0.00 0.16 0.03 0.00 0.00 0.10 unch 0.00 0.40 0.05 0.05 0.04 0.05 + 0.01 0.10 0.00 0.32 0.21 0.30 + 0.04 0.44 0.08 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.07 0.09 + 0.02 0.37 0.07 0.12 0.09 0.11 + 0.01 0.46 0.09 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.21 0.19 0.20 unch 0.00 0.92 0.19 0.17 0.14 0.16 + 0.00 0.73 0.14 3.00 2.99 3.00 unch 0.00 3.55 2.95 0.16 0.15 0.15 - 0.01 0.30 0.13

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

O 96 Commerce Res* V 623 Commerce Res V 193 Compass Gold X 919 Comstock Mng* V 177 Comstock Mtls 65 Comstock Mtls * O Condor Gold T 16 Condor Res V 47 Condor Res* O 50 O 7 Confedertn Ml* V 94 Confedertn Mls Conquest Res V 380 27 Conquest Res * O V 7 Cons Woodjam CONSOL Coal Rs* N 317 N 11711 CONSOL Energy* N 2285 CONSOL Energy* V 76 Constantine Mt O 42 Constantine Mt* O 13 Contact Gold* Contact Gold V 206 Contintl Gold* O 27 Contintl Gold T 596 Contintl Prec V 21 Contintl Prec* O 2 372 Copper Fox Mtl V 44 Copper Fox Mtl* O 516 Copper Lake Rs V 825 Copper Mtn Mng T 93 Copper Mtn Mng* O 21 Copper North M* O 229 Copper North M V Copper One V 207 1 Copper One * O 27 Copper Reef Mg Copperbank Res 426 O 220 Copperbank Res* Coral Gold * O 113 Coral Gold V 388 Cordoba Mnls V 1416 O 284 Cordoba Mnls* Core Gold V 374 Core Gold* O 70 Core Lithium* O 20 V 3478 Cornerstone Ca O 46 Cornerstone Ca* O 215 Cornerstone Mt* V 967 Cornerstone Mt Coro Mining T 634 Corsa Coal V 85 10 Corsa Coal * O Corvus Gold* O 55 Corvus Gold T 385 CR Capital V 23 1 Crazy Horse Res* O Critical Elem V 1269 Critical Elem* O 58 V 2451 CROPS O 0 Crown Mining* Crown Mining V 323 Cruz Cobalt V 894 Cruz Cobalt* O 422 Crystal Lake V 172 Crystal Lake* O 172 Crystal Peak* O 90 Crystal Peak V 81 O 0 CTGX Mining* 65 Currie Rose Rs V 42 Currie Rose Rs* O O 18 Cyclone Uran* Cypress Dev* O 539 Cypress Dev V 688

0.04 0.05 0.04 0.05 - 0.00 0.08 0.06 unch 0.00 0.10 0.07 0.06 0.06 0.38 0.50 0.41 0.41 - 0.09 0.80 0.18 0.20 0.18 0.18 - 0.00 1.02 0.04 unch 0.00 0.16 0.05 0.05 0.05 0.04 0.03 0.04 + 0.01 0.13 0.03 0.47 0.85 0.00 0.85 + 0.13 1.75 0.06 unch 0.00 0.15 0.08 0.00 0.08 0.04 unch 0.00 0.12 0.05 0.05 0.05 0.21 0.24 0.21 0.24 + 0.03 0.60 0.27 0.35 0.32 0.32 - 0.03 0.81 0.01 0.04 0.03 0.03 + 0.01 0.10 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.04 unch 0.00 0.09 0.04 0.04 0.04 18.40 17.10 17.40 - 0.25 18.40 12.56 11.69 16.42 15.60 15.79 - 0.16 18.37 19.51 45.62 42.68 43.43 - 1.33 48.12 0.52 0.67 0.64 0.64 - 0.03 1.40 0.12 0.60 0.49 0.52 + 0.02 0.65 0.20 0.37 0.29 0.36 + 0.07 0.37 0.27 0.48 0.37 0.45 + 0.07 0.79 2.26 2.91 2.73 2.77 - 0.11 3.22 2.84 3.80 3.55 3.64 - 0.10 4.13 0.26 0.46 0.00 0.41 - 0.05 0.46 0.21 unch 0.00 0.34 0.31 0.31 0.31 0.11 0.10 0.11 + 0.01 0.18 0.09 0.08 0.07 0.08 - 0.00 0.15 0.07 0.04 0.03 0.04 + 0.01 0.10 0.03 1.15 1.07 1.07 - 0.06 1.85 0.95 0.86 0.81 0.82 - 0.04 1.47 0.75 0.03 0.00 0.03 - 0.01 0.07 0.02 0.05 0.04 0.05 + 0.01 0.11 0.04 0.03 0.11 0.10 0.11 + 0.01 0.22 0.08 0.08 0.08 unch 0.00 0.18 0.03 0.03 0.02 0.02 - 0.01 0.03 0.01 0.04 0.07 0.06 0.07 + 0.01 0.16 0.03 0.06 0.04 0.04 + 0.00 0.12 0.27 0.24 0.25 - 0.02 0.35 0.16 0.33 0.36 0.33 0.34 - 0.02 0.43 0.16 0.13 0.13 - 0.02 0.75 0.13 0.09 0.13 0.09 0.10 - 0.02 0.62 0.22 0.30 0.27 0.28 - 0.01 0.40 0.18 0.25 0.20 0.21 + 0.00 0.34 0.10 unch 0.00 4.07 0.37 0.37 0.37 0.15 0.19 0.15 0.16 - 0.02 0.47 0.11 0.12 0.11 0.11 - 0.01 0.39 0.13 1.10 0.88 0.93 - 0.07 1.41 0.09 1.40 1.13 1.20 - 0.10 1.88 0.08 0.11 0.09 0.09 - 0.01 0.16 1.01 1.31 1.19 1.26 + 0.03 2.30 0.99 0.83 0.96 + 0.09 2.25 0.69 0.58 2.15 1.95 1.98 - 0.13 2.45 0.73 2.79 2.55 2.59 - 0.10 3.20 0.06 0.06 0.06 0.06 + 0.01 0.15 0.09 0.09 0.09 unch 0.00 0.18 0.09 0.65 0.80 0.70 0.78 + 0.01 1.86 0.51 0.58 0.54 0.55 - 0.04 1.48 0.03 0.04 0.03 0.03 + 0.01 0.16 0.09 0.08 0.08 0.08 - 0.01 0.21 0.08 0.12 0.11 0.11 - 0.01 0.28 0.08 0.10 0.08 0.10 + 0.01 0.41 0.06 0.08 0.06 0.08 + 0.01 0.35 0.16 0.43 0.37 0.38 - 0.03 1.12 0.13 0.31 0.30 0.31 + 0.01 0.84 0.21 0.03 0.46 0.26 + 0.26 0.00 0.29 0.34 0.29 0.32 + 0.02 0.58 0.10 unch 0.00 0.25 0.00 0.00 0.25 0.09 0.00 0.07 - 0.01 0.20 0.04 0.06 0.06 0.06 unch 0.00 0.07 0.03 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.08 0.32 0.24 0.28 - 0.01 0.34 0.10 0.38 0.32 0.35 - 0.02 0.43

Dajin Res V 521 Dajin Res* O 310 43 Dakota Ter Res* O Daleco Res* O 31 O 723 Dalradian Res* Dalradian Res T 2856 Damara Gold V 2 Danakali* O 190 Debut Dmds 37 Decade Res V 316 Decade Res* O 304 Declan Res 188 V 433 Deep-South Res Defiance Silvr V 86 O 55 Defiance Silvr* Delrand Res V 307 T 2107 Denison Mines X 2626 Denison Mines* Desert Gold* O 6 Desert Gold V 17 Desert Lion* O 17 Desert Lion V 259 210 Desert Mtn Egy V Desert Mtn Egy* O 154 Detour Gold T 2678 O 3566 Diamante Min* O 49 Diamcor Mng* Diamcor Mng V 194 O 814 Diamond Disc* V 2 Diamond Fields Dios Expl V 281 O 2237 Discovery Gold* V 195 Discovery Harb V 8 Discovery Met 13293 O Discovery Mnls* V 27 Discovery-Corp District Cop V 762 Ditem Explor* O 36 O 10 Diversified Rs* DNI Metals 919 DNI Metals* O 83 87 Dolat Ventures* O Dolly Vard Sil* O 123 220 Dolly Vard Sil V O 60 Doubleview Cap* V 706 Doubleview Cap DRDGOLD* N 182 18 Duncan Park H V 694 Dundee Prec Mt T O 35 Dunnedin Vent* 53 Duran Vent * O Duran Vent V 94 Durango Res V 373 Durango Res* O 60 DV Resources V 68 O 120 DV Resources* 22 Dynacor Gld Mn* O 61 Dynacor Gld Mn T O 2 Dynamic Gold* O 1 DynaResource* Dynasty Gold V 35 O 11 Dynasty Gold* E3 Metals V 401 E3 Metals* O 1 V 25 Eagle Graphite O 15 Eagle Graphite* Eagle Plains V 224 308 V East Africa 20 East Africa * O 9 East Asia Mnls* O 785 East Asia Mnls V EastCoal Inc V 29 O 16 Eastern Platin* Eastern Platin T 13 Eastern Res* O 52 Eastern Zinc V 13 Eastfield Res V 525 O 131 Eastmain Res* Eastmain Res T 538 19 Eco Oro Mnls 12 Eco Oro Mnls* O eCobalt Solns T 1289 O 922 eCobalt Solns* V 23 Edgewater Expl O 15 Edgewater Expl* El Capitan Prc* O 587 203 El Nino Vent V Elcora Res V 221 Elcora Res* O 115 N 9788 Eldorado Gold* T 3727 Eldorado Gold Eloro Mnrls* O 1 Eloro Mnrls V 37 458 Ely Gold Royal V

0.08 0.12 0.09 0.10 - 0.01 0.22 0.06 0.09 0.07 0.08 + 0.00 0.17 0.04 0.03 0.04 + 0.00 0.10 0.03 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.67 1.11 1.08 1.10 + 0.00 1.37 0.89 1.46 1.44 1.46 + 0.02 1.69 0.04 unch 0.00 0.22 0.05 0.00 0.05 0.44 0.69 0.65 0.66 - 0.03 0.69 0.01 0.01 0.00 0.01 + 0.01 0.03 0.05 0.07 0.06 0.06 - 0.01 0.20 0.04 0.06 0.05 0.05 - 0.01 0.16 0.13 0.39 0.31 0.31 - 0.09 0.39 0.14 0.15 0.14 0.15 + 0.01 0.45 0.22 0.28 0.25 0.26 + 0.01 0.44 0.17 0.22 0.19 0.20 - 0.01 0.35 0.38 0.60 0.48 0.55 - 0.04 2.44 0.50 unch 0.00 0.80 0.68 0.64 0.64 0.38 0.54 0.49 0.49 - 0.01 0.64 0.13 0.13 0.12 0.12 - 0.02 0.24 0.16 0.17 0.15 0.15 - 0.01 0.30 0.46 0.50 0.46 0.46 - 0.04 1.07 0.60 0.00 2.35 unch 0.68 0.60 0.60 0.18 0.16 0.16 - 0.02 0.25 0.06 0.14 0.13 0.14 + 0.01 0.20 0.01 12.88 11.86 11.92 - 0.78 17.86 9.11 0.02 0.24 0.12 0.20 + 0.02 0.24 0.20 0.26 0.20 0.24 - 0.03 0.62 0.31 0.38 0.00 0.32 - 0.03 0.79 0.00 0.00 0.00 0.00 + 0.00 0.00 0.08 unch 0.00 0.15 0.00 0.00 0.08 0.06 0.07 0.06 0.07 + 0.01 0.19 0.00 0.01 0.00 0.01 + 0.00 0.01 0.05 unch 0.00 0.08 0.08 0.07 0.08 0.27 unch 0.00 0.92 0.33 0.33 0.33 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.02 + 0.01 0.04 0.05 0.07 0.06 0.07 + 0.01 0.21 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.02 unch 0.00 0.14 0.03 0.03 0.03 0.06 unch 0.00 0.16 0.08 0.07 0.07 0.01 0.07 0.05 0.07 - 0.00 0.13 0.60 0.55 0.60 - 0.04 15.80 0.41 0.42 0.35 0.35 - 0.03 0.84 0.36 0.54 0.47 0.48 - 0.05 1.04 0.47 0.04 unch 0.00 0.08 0.07 0.07 0.07 0.04 0.10 0.09 0.10 + 0.02 0.13 2.23 2.57 2.32 2.37 + 0.04 4.11 0.01 0.01 0.01 unch 0.00 0.02 0.01 3.23 3.08 3.14 - 0.05 3.60 2.34 0.13 0.13 0.13 0.13 + 0.00 0.26 0.04 0.04 0.04 - 0.00 0.08 0.03 0.04 0.07 0.06 0.06 - 0.01 0.10 0.06 0.08 0.07 0.08 + 0.01 0.14 0.05 0.00 0.08 unch 0.06 0.06 0.06 0.10 0.21 0.15 0.16 - 0.04 0.50 0.11 unch 0.00 0.44 0.14 0.11 0.11 1.29 1.06 1.20 - 0.05 1.85 1.03 1.67 1.54 1.61 - 0.03 2.26 1.47 0.75 unch 0.00 3.00 2.50 0.00 2.50 1.00 1.25 0.00 1.23 - 0.03 1.50 0.10 0.23 0.18 0.20 - 0.03 0.27 0.07 0.18 0.16 0.16 - 0.02 0.22 0.32 0.37 0.35 0.36 + 0.01 1.01 0.27 unch 0.00 0.77 0.27 0.27 0.27 0.12 0.15 0.14 0.14 - 0.01 0.36 0.01 unch 0.00 0.18 0.11 0.00 0.11 0.10 unch 0.00 0.29 0.12 0.09 0.10 0.17 0.14 0.16 - 0.01 0.37 0.14 0.14 0.00 0.13 unch 0.00 0.28 0.13 0.05 0.04 0.05 + 0.01 0.17 0.02 0.07 0.05 0.06 + 0.01 0.23 0.03 0.07 0.30 0.00 0.30 + 0.06 0.30 0.21 0.24 0.22 0.24 + 0.01 0.37 0.28 unch 0.00 0.50 0.29 0.00 0.29 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.17 unch 0.00 0.46 0.25 0.25 0.25 0.03 0.04 0.04 0.04 - 0.01 0.05 0.14 0.17 0.14 0.16 + 0.01 0.32 0.16 0.22 0.20 0.20 - 0.01 0.38 0.25 0.19 0.25 + 0.04 0.45 0.15 0.15 0.14 0.14 + 0.00 0.37 0.12 0.77 0.88 0.74 0.76 - 0.08 2.10 0.59 0.70 0.56 0.58 - 0.07 1.74 0.12 unch 0.00 0.21 0.16 0.16 0.16 0.09 unch 0.00 0.16 0.12 0.12 0.12 0.01 0.06 0.00 - 0.02 0.02 0.02 0.05 0.04 0.05 + 0.01 0.08 0.02 0.13 0.22 0.17 0.19 - 0.04 0.56 0.12 0.18 0.14 0.14 - 0.03 0.44 0.80 1.08 1.01 1.02 - 0.04 2.44 1.03 1.40 1.33 1.34 - 0.04 2.98 0.39 unch 0.00 0.96 0.47 0.47 0.47 0.49 0.55 0.53 0.53 - 0.02 1.27 0.11 0.10 0.10 - 0.01 0.15 0.09

D-F

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Ely Gold Royal* O 221 6 Elysee Dev * O Elysee Dev V 30 Emerita Res V 185 Emgold Mng* O 16 Emgold Mng V 18 Empire Rock V 10 EMX Royalty* X 268 EMX Royalty V 134 O 17 Encanto Potash* V 69 Encanto Potash V 908 EnCore Energy T 869 Endeavour Mng 24 Endeavour Mng* O N 3403 Endeavr Silver* T 751 Endeavr Silver Endurance Gold* O 85 V 85 Endurance Gold Energy Fuels* X 6135 Energy Fuels T 2068 O 138 Enforcer Gold* Enforcer Gold V 210 V 41 Engineer Gold Engold Mines V 169 O 50 Engold Mines* Ensurge* O 144 Entree Gold* X 156 Entree Gold T 100 O 1460 Equinox Gold* Equinox Gold V 2402 Equitorial Ex V 1226 Erdene Res Dev T 2762 Erdene Res Dev* O 327 Erin Ventures* O 74 Erin Ventures V 44 Ero Copper T 345 Ero Copper* O 6 0 Eros Res Corp* O 851 Eros Res Corp V 851 Eros Res Corp V Eskay Mng V 359 V 24 Essex Minerals Ethos Gold* O 26 Ethos Gold V 100 15 Euro Sun Mg* O 61 Euro Sun Mg T EurOmax Res* O 25 EurOmax Res T 145 O 49 European Elect* V 132 European Elect O 773 European Metal* V 187 Eurotin Everton Res V 894 Everton Res* O 18 409 EVI Global Grp Evolving Gold 27 Evolving Gold* O 3 Evrim Res V 293 Excellon Res* O 141 Excellon Res T 174 O 390 Excelsior Mng* Excelsior Mng T 1844 35 ExGen Res Inc V Explor Res* O 41 Explor Res V 610 Explorex Res 115 Explorex Res* O 14 O 0 Fairmile Gold* Fairmont Res V 77 Falco Res V 482 Falco Res * O 152 Falcon Gold V 149 V 316 Fancamp Expl Far Res 1939 Far Res* O 55 Fengro Industr V 7 92 Filo Mg Corp V Finlay Minrls V 212 Fiore Gold* O 210 Fiore Gold V 147 0 Fire River Gol* O Firesteel Res* O 65 Firesteel Res V 225 O 10 Firestone Diam* V 15 Firestone Vent Fireweed Zinc V 139 O 45 Fireweed Zinc* O 165 Firma Holdings* First Bauxite V 221 First Bauxite* O 3 First Cobalt * O 782 First Cobalt V 2414 O 2100 First Colombia* First Energy* O 0 First Energy V 60 First Legacy V 50 First Liberty* O 550 First Majestic T 1672 N 8042 First Majestic* First Mexican V 112 T 2139 First Mg Fin First Mg Fin * O 1284 First Point* O 14 First Quantum T 10381 V 516 Fission 3.0 Fission 3.0* O 107 Fission Uran* O 781 Fission Uran T 1046 74 Five Star Diam V O 23 Fjordland Exp* Fjordland Exp V 120 3 Flowery Gold* O O 212 Focus Graphite* V 248 Focus Graphite Foran Mng V 42 Forsys Metals T 860 44 Fort St J Nick V O 17 Fortescue Met* Fortuna Silvr T 1540 Fortuna Silvr* N 4061 Fortune Bay V 5 Fortune Bay* O 6 O 836 Fortune Mnrls* Fortune Mnrls T 3553 Forum Energy V 235 Forum Energy* O 15 8 Fox River Res* O 9 Fox River Res FPX Nickel V 448 N 2104 Franco-Nevada* Franco-Nevada T 2077 Franklin Mng* O 21 Freedom Egy V 28 Freegold Vent T 28 N 69804 Freeport McMoR* Freeport Res V 20 Fremont Gold V 100 O 135 Fremont Gold* Fresnillo plc* O 13 Frontier Lith V 92 Frontline Gold V 77 Fura Gems V 74 Fura Gems* O 15

0.09 0.07 0.08 - 0.00 0.13 0.07 0.30 0.27 0.30 + 0.03 0.31 0.20 0.38 0.35 0.37 + 0.02 0.39 0.26 0.05 0.05 0.05 - 0.01 0.17 0.05 0.13 0.00 0.12 - 0.02 0.25 0.09 0.20 0.00 0.16 - 0.02 0.31 0.14 0.13 0.13 0.13 unch 0.00 0.30 0.12 1.29 1.16 1.18 - 0.10 1.47 0.67 1.70 1.55 1.55 - 0.14 1.75 0.85 0.20 0.15 0.15 + 0.01 0.22 0.02 0.22 0.19 0.20 - 0.03 0.70 0.18 0.08 0.06 0.08 + 0.01 0.08 0.04 23.23 21.29 21.40 - 1.28 26.86 20.61 17.50 0.00 16.51 - 0.99 21.72 16.01 2.58 2.41 2.52 - 0.06 3.35 1.94 3.35 3.13 3.30 - 0.03 4.40 2.50 0.04 0.04 0.04 unch 0.00 0.06 0.04 0.05 0.05 0.05 unch 0.00 0.09 0.05 3.64 3.08 3.11 - 0.40 3.64 1.30 4.60 3.97 4.07 - 0.46 4.60 1.66 0.05 0.05 0.05 unch 0.00 0.13 0.04 0.06 0.05 0.05 unch 0.00 0.20 0.05 0.09 0.08 0.09 unch 0.00 0.11 0.08 0.18 0.17 0.17 unch 0.00 0.35 0.14 0.13 0.13 0.13 - 0.00 0.26 0.13 0.06 0.05 0.05 unch 0.00 0.09 0.02 0.45 0.41 0.41 - 0.02 0.69 0.33 0.57 0.54 0.54 - 0.02 0.85 0.42 0.80 0.77 0.78 unch 0.00 1.11 0.69 1.23 1.10 1.13 - 0.05 1.39 0.88 0.06 0.05 0.05 - 0.01 0.15 0.05 0.38 0.34 0.36 + 0.01 0.94 0.32 0.28 0.26 0.27 + 0.01 0.75 0.25 0.11 0.10 0.10 unch 0.00 0.23 0.01 0.16 0.00 0.16 + 0.01 0.33 0.08 8.53 8.15 8.30 + 0.05 10.85 4.70 6.52 6.51 6.52 + 0.02 8.12 3.88 0.00 0.00 0.07 unch 0.00 0.18 0.07 0.11 0.10 0.11 unch 0.00 0.23 0.10 0.11 0.10 0.11 unch 0.00 0.23 0.10 0.28 0.25 0.27 + 0.02 0.51 0.18 0.08 0.08 0.08 unch 0.00 0.25 0.07 0.15 0.11 0.11 - 0.03 0.23 0.10 0.17 0.14 0.15 - 0.03 0.28 0.13 0.63 0.57 0.57 - 0.12 1.55 0.57 0.84 0.72 0.76 - 0.07 2.02 0.76 0.08 0.08 0.08 unch 0.00 0.33 0.08 0.13 0.12 0.13 + 0.02 0.37 0.11 0.13 0.10 0.11 - 0.00 0.79 0.09 0.16 0.14 0.14 unch 0.00 0.93 0.12 0.00 0.00 0.00 + 0.00 0.01 0.00 0.09 0.09 0.09 unch 0.00 0.13 0.05 0.04 0.03 0.03 - 0.01 0.06 0.03 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.20 0.19 0.20 - 0.01 0.43 0.03 0.10 0.00 0.09 - 0.01 0.41 0.08 0.06 0.06 0.06 - 0.00 0.32 0.05 1.07 1.01 1.06 unch 0.00 1.70 0.20 1.15 0.91 0.93 - 0.04 1.87 0.87 1.28 1.20 1.21 - 0.06 2.30 1.16 0.79 0.62 0.73 + 0.08 1.21 0.62 1.03 0.82 0.95 + 0.10 1.50 0.82 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.04 0.02 0.03 - 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.10 0.03 0.35 0.32 0.32 - 0.03 0.65 0.18 0.27 0.25 0.25 - 0.02 0.31 0.15 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.53 0.46 0.50 + 0.02 1.25 0.46 0.38 0.35 0.37 - 0.01 1.01 0.35 0.04 0.04 0.04 - 0.01 0.08 0.04 0.08 0.07 0.07 - 0.01 0.18 0.05 0.16 0.12 0.15 + 0.02 1.10 0.12 0.12 0.08 0.12 + 0.02 0.87 0.08 0.10 0.10 0.10 unch 0.00 0.31 0.10 2.30 2.18 2.18 unch 0.00 2.80 2.00 0.04 0.04 0.04 - 0.01 0.34 0.04 0.34 0.28 0.29 - 0.02 0.95 0.24 0.47 0.38 0.39 - 0.03 1.18 0.35 0.05 0.00 0.05 + 0.04 0.51 0.00 0.11 0.11 0.11 + 0.00 0.12 0.09 0.16 0.14 0.16 unch 0.00 0.17 0.05 0.05 0.05 0.05 unch 0.00 0.05 0.05 0.08 0.08 0.08 unch 0.00 0.19 0.04 1.35 1.25 1.32 + 0.04 2.14 0.67 1.03 0.00 1.01 + 0.02 1.67 0.54 0.06 0.03 0.05 - 0.01 0.13 0.02 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.28 0.24 0.24 - 0.02 1.30 0.24 0.37 0.32 0.32 - 0.02 1.65 0.32 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.14 0.00 0.14 - 0.06 0.32 0.10 0.20 0.16 0.16 - 0.04 0.43 0.15 0.17 0.16 0.16 unch 0.00 0.25 0.13 0.00 0.00 0.00 - 0.00 0.00 0.00 8.72 8.14 8.50 - 0.06 11.09 6.24 6.70 6.24 6.48 - 0.10 8.48 4.93 0.03 0.03 0.03 - 0.01 0.07 0.01 0.44 0.41 0.44 + 0.02 0.75 0.41 0.34 0.31 0.33 + 0.01 0.60 0.30 0.10 0.07 0.07 - 0.03 0.13 0.06 19.04 17.76 18.07 - 0.61 23.05 12.09 0.14 0.12 0.13 - 0.01 0.30 0.08 0.11 0.08 0.09 + 0.00 0.17 0.02 0.54 0.48 0.49 - 0.02 0.72 0.43 0.68 0.63 0.63 - 0.03 0.89 0.55 0.12 0.10 0.12 + 0.01 0.30 0.09 0.22 0.22 0.22 - 0.00 0.47 0.09 0.28 0.25 0.25 - 0.03 0.59 0.12 0.12 0.12 0.12 unch 0.00 0.40 0.12 0.03 0.03 0.03 - 0.00 0.08 0.02 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.39 0.34 0.37 + 0.01 0.62 0.26 0.23 0.18 0.22 + 0.01 0.24 0.09 0.28 0.25 0.28 + 0.03 0.59 0.15 3.32 0.00 3.32 + 0.12 4.79 3.16 7.04 6.12 6.26 - 0.70 7.78 5.13 5.40 4.68 4.77 - 0.57 6.08 4.03 0.32 0.00 0.32 - 0.03 0.58 0.32 0.25 0.22 0.22 - 0.04 0.47 0.20 0.12 0.09 0.10 - 0.01 0.33 0.00 0.15 0.12 0.13 - 0.02 0.38 0.12 0.05 0.00 0.05 unch 0.00 0.09 0.04 0.04 0.03 0.03 - 0.01 0.07 0.03 0.05 0.04 0.04 + 0.01 0.08 0.04 0.06 0.00 0.06 unch 0.00 0.15 0.05 0.14 0.09 0.10 - 0.04 0.18 0.07 73.43 71.07 71.67 - 1.46 86.06 66.19 95.70 92.51 94.00 - 0.97 110.18 85.21 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.09 0.08 0.08 unch 0.00 0.12 0.04 0.08 0.00 0.08 + 0.01 0.14 0.06 15.81 15.02 15.11 - 0.60 20.25 13.22 0.06 0.06 0.06 unch 0.00 0.08 0.03 0.13 0.12 0.13 + 0.01 0.22 0.10 0.10 0.09 0.10 + 0.00 0.17 0.08 13.09 12.49 12.95 - 0.10 22.04 12.49 0.43 0.40 0.41 - 0.01 0.85 0.32 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.47 0.41 0.45 + 0.02 1.13 0.34 0.38 0.31 0.34 + 0.00 1.23 0.27

Gabriel Res* O 163 Gabriel Res V 152 V 159 Gainey Capital 55 Galane Gold * O Galane Gold V 398 V 110 Galantas Gold Galore Res V 60 Galway Gold* O 14 Galway Gold V 18 Galway Mtls* O 107 Galway Mtls V 193 GAR Limited 4035 Garibaldi Res V 807 Garibaldi Res * O 117 General Moly T 57 General Moly* X 445 Generation Min 8 Generic Gold 110 Genesis Mtls* O 74 Genesis Mtls V 573 1 Genius Props * O Genius Props 500 V 193 Gensource Pot Gentor Res V 225 V 140 Geomega Res Geomega Res* O 655 Gespeg Cop Res V 1085 Getty Copper V 822 O 126 GFG Resources* GGL Res* O 1

0.29 0.23 0.29 + 0.04 0.34 0.21 0.40 0.33 0.39 + 0.06 0.45 0.27 0.07 0.05 0.05 - 0.01 0.20 0.05 0.04 0.03 0.04 - 0.00 0.07 0.03 0.06 0.05 0.05 unch 0.00 0.08 0.05 0.10 0.09 0.09 unch 0.00 0.13 0.07 0.03 0.02 0.02 - 0.01 0.06 0.01 0.10 0.10 0.10 + 0.00 0.11 0.10 0.17 0.00 0.15 unch 0.00 0.64 0.14 0.16 0.13 0.14 + 0.00 0.36 0.13 0.20 0.17 0.19 + 0.01 0.45 0.17 0.14 0.10 0.12 - 0.01 0.65 0.06 2.65 2.36 2.62 + 0.02 5.27 0.49 2.05 1.81 1.97 - 0.04 4.12 0.39 0.51 0.00 0.48 - 0.03 0.60 0.35 0.40 0.37 0.37 - 0.02 0.51 0.28 0.16 0.14 0.16 + 0.02 0.20 0.08 0.20 0.19 0.19 unch 0.00 0.32 0.18 0.06 0.05 0.06 + 0.01 0.18 0.05 0.08 0.07 0.08 + 0.01 0.22 0.06 0.16 0.16 0.16 unch 0.00 0.22 0.16 0.25 0.21 0.23 - 0.02 0.31 0.12 0.13 0.11 0.12 + 0.01 0.16 0.06 0.08 0.08 0.08 unch 0.00 0.20 0.06 0.10 0.09 0.09 unch 0.00 0.20 0.06 0.06 0.06 0.06 unch 0.00 0.12 0.04 0.04 0.03 0.04 unch 0.00 0.07 0.02 0.03 0.03 0.03 - 0.01 0.04 0.02 0.21 0.19 0.20 + 0.01 0.66 0.16 0.08 0.00 0.08 unch 0.00 0.13 0.08

G-H

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

GGL Res V 9 GGX Gold V 464 GGX Gold* O 5 Giga Metals V 258 Giga Metals* O 44 Gitennes Expl V 1019 Giyani Gold V 204 Giyani Gold* O 24 Glacier Lake V 408 O 257 Gldn Predator* Gldn Predator V 411 81 Glen Eagle Res V Glencore Plc* O 1189 Global Atomic V 460 O 161 Global Cobalt* Global Energy V 210 O 6 Global Energy* Global Gold* O 0 O 1 Global Hunter* Global Li-Ion 22 Global Li-Ion* O 23 6 GlobalMin Vent* O Globex Mng* O 57 Globex Mng T 32 O 27 GMV Minerals* GMV Minerals V 55 O 156902 GNCC Capital* Go Cobalt 92 GobiMin V 13 GoGold Res T 390 Gold Dynamics* O 2 Gold Fields* O 0 13694 Gold Fields* N 75 Gold Finder Ex* O 388 Gold Finder Ex V Gold Lakes* O 42 Gold Reserve V 16 O 8 Gold Reserve* X 1835 Gold Resource* 131 Gold Rush Cari V Gold Rush Cari* O 2 587 Gold Std Vents T Gold Std Vents* X 1002 V 22 Goldbank Mng Goldcliff Res* O 47 Goldcliff Res V 67 Goldcorp T 7640 Goldcorp* N 23742 Golden Arrow V 617 O 586 Golden Arrow* Golden Band* O 19 V 102 Golden Cariboo 445 Golden Dawn Ml V 2 Golden Dawn Ml* O O 6 Golden Global* V 38 Golden Goliath O 29 Golden Goliath* Golden Harp* O 0 Golden Harp V 15 Golden Hope V 227 Golden Hope* O 11 Golden Mnls* X 1141 Golden Mnls T 61 Golden Peak Mn V 1149 Golden Peak Mn* O 151 V 5 Golden Pursuit O 1 Golden Pursuit* T 391 Golden Queen O 451 Golden Queen* Golden Reign V 1694 Golden Ridge V 8782 V 395 Golden Secret Golden Share V 116 O 50 Golden Share* Golden Star T 1366 Golden Star* X 4905 Golden Tag V 433 O 126 Golden Valley* Golden Valley V 273 Goldex Res* O 4 Goldex Res V 66 T 150 Goldgroup Mng O 185 Goldgroup Mng* GoldMining* O 390 GoldMining T 625 GoldON Res V 87 GoldON Res* O 2 Goldplay Expl V 375 V 1236 GoldQuest Mng Goldrea Res 263 Goldrea Res* O 60 O 145 Goldrich Mng* O 90 Goldsource Min* V 440 Goldsource Min O 270 Goldstar Mnls* Goldstar Mnls V 265 V 2236 Goldstream Mnl V 292 Goldstrike Res Goliath Res V 2106 Goliath Res* O 6 Gossan Res V 259 O 212 GoviEx Uranium* V 1440 GoviEx Uranium Gowest Gold* O 320 Gowest Gold V 271 GPM Metals* O 84 GPM Metals V 20 O 29 Gran Colombia* T 393 Gran Colombia Granada Gold V 154 Granada Gold* O 5 V 131 Grande Portage O 17 Grande Portage* Graphite Egy 59 Graphite Egy* O 226 O 749 Graphite One* Graphite One V 817 Gratomic* O 12 Gratomic V 3640 54 Gray Rock Res V Great Atlantic V 845 274 Great Bear Res V 26 Great Bear Res* O Great Lakes Gr* O 287 257 Great Lakes Gr V Great Panther T 286 X 2540 Great Panther* 66 Great Quest Fe V V 196 Great Thunder O 318 Great Western* Green Arrow V 68 Green River 36 197 Green Swan Cap V 25 Green Valley M V V 60 Greencastle Rs O 666 Greenland M&En* V 77 Greenshield Ex Grid Metals V 317 Grid Metals* O 6 O 71 Grizzly Discvr* Grizzly Discvr V 178 V 0 Grosvenor Res Group Eleven V 73 82 Group Ten Mtls* O 210 Group Ten Mtls V O 570 GrowMax Res* GrowMax Res V 1637 GT Gold V 2003 O 171 GT Gold * 833 GTA Res & Mng V Guerrero Vents V 51 Gungnir Res V 135 Gungnir Res* O 47 Gunpoint Expl V 44 T 1902 Guyana Gldflds V 331 Guyana Goldstr O 13 Guyana Goldstr* Handa Mining V 230 O 24 Handa Mining* O 2 Handeni Gold* Hannan Metals V 397 O 260 Hannan Metals* 98 Happy Ck Mnrls V V 54 Harfang Explor N 9103 Harmony Gold* Harte Gold* O 319 Harte Gold T 1740 Harvest Gold* O 738 Harvest Gold V 3639 O 156 Havilah Mining* Havilah Mining V 3120 V 1279 Hawkeye Gld&Di V 13 Heatherdale Rs 20817 Hecla Mining* N Helio Res V 169 Hellix Vent* O 37

0.13 0.00 0.13 unch 0.00 0.19 0.10 0.14 0.13 0.13 - 0.02 0.22 0.07 0.10 0.10 0.10 unch 0.00 0.16 0.06 0.28 0.23 0.26 - 0.01 0.92 0.08 0.22 0.18 0.20 - 0.02 0.72 0.11 0.06 0.04 0.06 + 0.02 0.15 0.04 0.19 0.16 0.19 - 0.01 0.50 0.16 0.16 0.12 0.12 - 0.04 0.41 0.13 0.04 0.04 0.04 unch 0.00 0.13 0.04 0.30 0.26 0.30 + 0.03 0.97 0.25 0.39 0.34 0.38 + 0.02 1.22 0.33 0.15 0.14 0.15 - 0.01 0.27 0.11 8.53 8.01 8.17 - 0.06 11.68 8.01 0.35 0.30 0.30 unch 0.00 0.59 0.20 0.00 0.00 0.00 unch 0.00 0.43 0.00 0.09 0.08 0.09 unch 0.00 0.27 0.08 0.06 0.06 0.06 unch 0.00 0.22 0.06 0.00 0.00 2.00 unch 0.00 5.77 1.78 0.00 0.00 0.00 unch 0.00 0.10 0.00 0.21 0.18 0.20 - 0.01 0.97 0.18 0.17 0.13 0.15 - 0.01 0.80 0.13 1.00 0.55 0.56 - 0.24 140.00 0.55 0.32 0.27 0.28 - 0.03 0.47 0.27 0.42 0.37 0.37 - 0.03 0.58 0.35 0.23 0.17 0.19 - 0.02 0.42 0.12 0.32 0.23 0.25 - 0.03 0.49 0.17 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.19 0.12 0.16 + 0.05 0.22 0.07 0.39 0.37 0.37 unch 0.00 0.55 0.30 0.37 0.33 0.34 - 0.02 0.65 0.31 0.00 0.00 0.00 + 0.00 0.01 0.00 0.00 0.00 3.60 unch 0.00 4.80 3.53 3.63 3.44 3.51 - 0.13 4.70 3.45 0.33 0.00 0.33 unch 0.00 1.33 0.00 0.36 0.27 0.32 - 0.01 1.85 0.11 0.10 0.00 0.04 unch 0.00 5.00 0.01 3.39 3.10 3.20 - 0.06 5.35 2.50 2.60 2.37 2.45 + 0.08 4.25 2.05 5.80 5.53 5.69 - 0.04 7.33 3.37 0.14 0.12 0.12 - 0.02 0.35 0.12 0.13 0.13 0.13 unch 0.00 0.29 0.13 2.20 2.11 2.15 + 0.04 2.46 1.50 1.70 1.60 1.64 + 0.02 2.01 1.15 0.14 0.14 0.14 unch 0.00 0.34 0.11 0.09 0.07 0.07 - 0.02 0.41 0.06 0.11 0.09 0.09 - 0.02 0.52 0.09 16.12 15.61 15.64 - 0.42 19.32 15.00 12.34 11.89 11.91 - 0.43 15.55 11.64 0.55 0.48 0.54 + 0.04 0.72 0.37 0.42 0.38 0.41 + 0.02 0.58 0.29 0.00 0.00 0.00 + 0.00 0.01 0.00 0.06 0.00 0.05 - 0.01 0.19 0.05 0.19 0.16 0.17 - 0.01 0.63 0.15 0.14 0.14 0.14 - 0.01 0.31 0.10 0.09 0.09 0.09 unch 0.00 0.19 0.00 0.04 0.03 0.03 unch 0.00 0.06 0.03 0.02 0.00 0.02 + 0.00 0.05 0.01 0.00 0.00 0.08 unch 0.00 0.10 0.08 0.18 0.00 0.06 - 0.14 0.20 0.01 0.09 0.07 0.09 + 0.03 0.14 0.06 0.08 0.07 0.08 unch 0.00 0.11 0.06 0.28 0.24 0.26 - 0.00 0.64 0.24 0.38 0.31 0.33 - 0.03 0.74 0.31 0.41 0.32 0.34 - 0.06 0.56 0.16 0.29 0.26 0.26 - 0.04 0.41 0.22 0.12 0.12 0.12 unch 0.00 0.21 0.11 0.09 0.09 0.09 unch 0.00 0.16 0.09 0.18 0.14 0.18 + 0.01 0.68 0.14 0.14 0.11 0.13 - 0.00 0.54 0.11 0.22 0.19 0.21 + 0.01 0.37 0.18 0.24 0.14 0.23 + 0.08 0.41 0.11 0.27 0.27 0.27 unch 0.00 0.50 0.20 0.18 0.15 0.17 unch 0.00 0.30 0.09 0.14 0.13 0.14 unch 0.00 0.20 0.09 1.00 0.92 1.00 + 0.08 1.17 0.70 0.76 0.68 0.76 + 0.03 0.92 0.56 0.07 0.07 0.07 unch 0.00 0.08 0.03 0.21 0.00 0.21 + 0.01 0.25 0.19 0.27 0.25 0.26 + 0.01 0.31 0.25 0.35 0.00 0.34 + 0.01 1.96 0.33 0.55 0.43 0.45 + 0.01 2.56 0.43 0.06 0.05 0.05 - 0.01 0.12 0.05 0.05 0.04 0.04 - 0.00 0.09 0.03 0.72 0.67 0.68 - 0.03 1.45 0.60 0.93 0.89 0.90 - 0.01 1.82 0.87 0.18 0.00 0.13 + 0.01 0.20 0.12 0.09 0.09 0.09 unch 0.00 0.16 0.09 0.19 0.18 0.18 - 0.02 0.34 0.18 0.20 0.17 0.17 - 0.03 0.46 0.16 0.10 0.09 0.09 unch 0.00 0.38 0.04 0.07 0.06 0.07 - 0.00 0.30 0.03 0.03 0.03 0.03 - 0.00 0.06 0.02 0.06 0.03 0.06 + 0.01 0.11 0.03 0.07 0.06 0.07 + 0.01 0.14 0.05 0.07 0.07 0.07 + 0.00 0.08 0.07 0.09 0.09 0.09 - 0.01 0.11 0.03 0.14 0.09 0.10 + 0.01 0.18 0.05 0.23 0.16 0.16 - 0.07 0.39 0.13 0.17 0.13 0.14 - 0.02 0.40 0.08 0.18 0.18 0.18 unch 0.00 0.21 0.18 0.08 0.06 0.07 unch 0.00 0.12 0.05 0.18 0.15 0.16 unch 0.00 0.27 0.14 0.22 0.20 0.21 unch 0.00 0.33 0.17 0.06 0.04 0.04 - 0.01 0.18 0.04 0.07 0.06 0.06 - 0.01 0.23 0.06 0.04 0.03 0.03 - 0.01 0.11 0.02 0.04 0.04 0.04 unch 0.00 0.18 0.04 2.00 1.84 1.86 - 0.07 2.62 1.08 2.65 2.41 2.44 - 0.08 3.45 1.34 0.20 0.19 0.19 - 0.01 0.52 0.17 0.14 0.00 0.14 - 0.02 0.44 0.13 0.25 0.00 0.23 - 0.02 0.71 0.14 0.20 0.00 0.17 - 0.02 0.56 0.12 0.14 0.13 0.13 - 0.02 1.76 0.12 0.13 0.10 0.10 - 0.01 1.56 0.08 0.05 0.04 0.04 - 0.00 0.09 0.03 0.06 0.05 0.05 - 0.01 0.12 0.04 0.09 0.09 0.09 unch 0.00 0.21 0.04 0.14 0.12 0.13 - 0.01 0.32 0.05 0.10 0.09 0.10 + 0.01 0.57 0.09 0.07 0.06 0.07 unch 0.00 0.24 0.06 0.58 0.53 0.54 - 0.04 0.73 0.26 0.43 0.39 0.41 - 0.01 0.59 0.21 0.04 0.04 0.04 - 0.00 0.08 0.02 0.06 0.05 0.05 - 0.01 0.09 0.03 1.43 1.30 1.33 - 0.07 1.86 1.30 1.12 1.00 1.02 - 0.06 1.46 1.00 0.07 0.07 0.07 - 0.01 0.24 0.07 0.03 0.02 0.02 + 0.01 0.07 0.02 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.03 0.03 0.03 unch 0.00 0.19 0.02 0.07 0.07 0.07 + 0.01 0.09 0.03 0.04 0.03 0.04 - 0.01 0.10 0.03 0.35 0.30 0.35 unch 0.00 0.50 0.08 0.08 0.08 0.08 unch 0.00 0.18 0.07 0.06 0.06 0.06 - 0.01 0.10 0.05 0.13 0.00 0.12 unch 0.00 0.15 0.05 0.13 0.09 0.09 - 0.04 0.52 0.09 0.08 0.07 0.07 - 0.02 0.37 0.07 0.07 0.07 0.07 - 0.00 0.11 0.03 0.11 0.08 0.11 + 0.03 0.14 0.04 0.00 0.00 0.15 unch 0.00 0.20 0.15 0.15 0.15 0.15 unch 0.00 0.40 0.14 0.15 0.00 0.14 + 0.01 0.23 0.09 0.19 0.17 0.18 - 0.01 0.28 0.10 0.10 0.10 0.10 - 0.00 0.13 0.06 0.15 0.13 0.14 + 0.01 0.19 0.09 0.81 0.53 0.54 - 0.21 2.76 0.45 0.60 0.41 0.44 - 0.17 2.24 0.36 0.04 0.03 0.04 + 0.01 0.06 0.03 0.14 0.12 0.13 unch 0.00 0.30 0.10 0.12 0.10 0.12 + 0.02 0.22 0.06 0.09 0.00 0.08 + 0.01 0.17 0.05 0.38 0.36 0.37 + 0.01 0.41 0.16 4.06 3.79 3.91 - 0.09 5.42 3.53 0.32 0.28 0.30 - 0.01 0.39 0.15 0.23 0.22 0.23 + 0.00 0.28 0.14 0.07 0.06 0.06 - 0.01 0.18 0.05 0.04 0.04 0.04 unch 0.00 0.12 0.04 0.05 0.05 0.05 unch 0.00 0.13 0.02 0.21 0.10 0.18 + 0.06 0.43 0.10 0.16 0.08 0.14 + 0.06 0.34 0.08 0.17 0.15 0.16 - 0.01 0.26 0.14 0.25 0.24 0.25 + 0.01 0.35 0.22 1.69 1.62 1.63 - 0.01 2.53 1.52 0.26 0.25 0.25 - 0.00 0.53 0.25 0.35 0.33 0.33 - 0.01 0.66 0.33 0.07 0.05 0.05 - 0.01 0.07 0.03 0.09 0.06 0.06 - 0.02 0.09 0.04 0.35 0.26 0.26 - 0.05 0.35 0.20 0.47 0.33 0.35 - 0.07 0.69 0.25 0.07 0.05 0.06 + 0.02 0.12 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.03 3.21 2.85 3.03 - 0.03 5.54 2.85 0.09 0.08 0.08 - 0.01 0.50 0.08 0.03 0.01 0.01 - 0.02 0.07 0.01

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Hemcare Health* O 8 Heron Res* O 0 Highbank Res V 1060 Highbury Proj V 4 Highland Copp* O 361 V 624 Highland Copp Highway 50 Gld V 270 HiHo Silver 315 HiHo Silver* O 10 Hinterland Mtl V 58 O 3 Hochschild Mg* Homeland Egy V 6 Honey Badger E V 3844 25 Honey Badger E* O Horizonte Mnls T 4516 Hornby Bay Mnl* O 25 67 Hornby Bay Mnl V HudBay Mnls* N 1659 HudBay Mnls T 8541 Hudson Res V 166 Hudson Res* O 61 Hunt Mng* O 44 Hunt Mng V 30 Hut 8 Mining* O 80 151 Hut 8 Mining V Hybrid Mineral V 20 Hycroft Mg* O 475

0.45 0.44 0.45 + 0.02 2.30 0.11 0.41 0.41 0.41 unch 0.00 0.90 0.40 0.04 0.00 0.03 - 0.02 0.06 0.02 0.30 0.30 0.30 unch 0.00 0.35 0.22 0.05 0.05 0.05 - 0.00 0.14 0.05 0.07 0.06 0.07 unch 0.00 0.17 0.06 0.45 0.33 0.38 + 0.02 0.45 0.22 0.07 0.06 0.06 + 0.01 0.14 0.03 0.06 0.06 0.06 unch 0.00 0.07 0.04 0.02 0.00 0.02 unch 0.00 0.05 0.02 2.32 2.29 2.29 unch 0.00 4.37 2.29 0.19 0.00 0.18 unch 0.00 0.38 0.18 0.16 0.11 0.12 - 0.01 0.20 0.04 0.10 0.09 0.09 - 0.00 0.16 0.03 0.07 0.06 0.07 unch 0.00 0.11 0.04 0.01 0.01 0.01 unch 0.00 0.07 0.00 0.03 0.00 0.03 + 0.01 0.08 0.00 5.23 4.90 5.10 + 0.05 10.25 4.75 6.77 6.42 6.68 + 0.11 12.65 6.25 0.45 0.42 0.42 - 0.02 0.64 0.38 0.34 0.31 0.31 - 0.03 0.52 0.29 0.20 0.17 0.17 - 0.03 0.41 0.11 0.28 0.24 0.25 - 0.03 0.51 0.13 2.30 2.03 2.16 + 0.05 3.74 1.88 2.83 2.55 2.82 + 0.07 5.00 0.05 0.20 0.17 0.17 - 0.04 0.55 0.15 0.01 0.01 0.01 - 0.01 0.50 0.01

I-Minerals* O 23 I-Minerals V 27 IAMGOLD T 4943 13205 IAMGOLD* N Iconic Mnls V 1769 23 Iconic Mnls * O IDM Mining* O 174 IDM Mining V 378 IEMR Res V 102 IGC Res V 130 iMetal Res* O 85 iMetal Res V 541 IMPACT Silver V 254 O 5 Impala Platnm* Imperial Metal* O 6 Imperial Metal T 752 59 Imperial Mg Gr V Inca One Gold* O 20 Inca One Gold V 1377 Inception Mng * O 11 V 244 Independence G O 23 Independence G* Indiana Res* O 5 Indico Res V 1930 Indigo Expl V 645 Infinite Lith V 201 Inform Res V 120 Infrastructure* O 92 Inomin Mines V 87 Inspiration Mg 8515 O 192 Inspiration Mg* Intact Gold* O 18 Intact Gold V 109 Integra Res* O 30 Integra Res V 74 V 35 Inter-Rock Mnl O 1 Inter-Rock Mnl* Interconnect V 3 O 145 Intercontinent* Intercontinent V 10 Intgr Egy Sol* O 4152 Intl Battery* O 590 Intl Battery 612 15 Intl Bethl Mng V Intl Cobalt* O 15 Intl Cobalt 191 Intl Corona V 602 Intl Lithium* O 137 Intl Lithium V 245 Intl Millm Mng V 85 Intl Montoro* O 238 Intl Montoro V 297 Intl Prospect * O 1 Intl Prospect V 16 Intl Samuel Ex V 2256 23932 Intl Star* O 212 Intl Tower Hil* X Intl Tower Hil T 12 Intl Zeolite V 244 Intl Zeolite* O 9 Intrepid Pots* N 5536 INV Metals* O 90 INV Metals T 131 75 Inventus Mg * O Inventus Mg V 271 InZinc Mining V 453 O 38 InZinc Mining* Ireland* O 545 Ironside Res V 65 Ironside Res * O 7 Irving Res 116 Irving Res* O 92 IsoEnergy Ltd V 705 O 7 Itafos* Itafos V 32 30 Itoco Mg Corp* O O 606 Ivanhoe Mines* Ivanhoe Mines T 6574 Jade Leader* O 246 Jade Leader V 236 1 Jaeger Res * O Jaeger Res V 9 Jaguar Mng T 431 Jaguar Mng* O 43 Japan Gold V 375 Japan Gold* O 22 Jasper Mng V 76 Jaxon Mining* O 18 Jaxon Mining V 215 Jayden Res* O 5 Jayden Res V 100 Jiulian Res V 9 Jourdan Res V 783 V 1868 Juggernaut Exp Juggernaut Exp* O 200 V 69 K2 Gold K92 Mng Inc* O 449 K92 Mng Inc V 696 Kaizen Discov V 159 Kaizen Discvry* O 42 O 300 Kapuskasing Gd* V 4182 Kapuskasing Gd Karmin Expl V 13 Karnalyte Res T 176 Karoo Expl V 276 KAT Expl* O 3982 Katanga Mng T 1531 Kenadyr Mining V 2835 O 28 Kenadyr Mining* Kermode Res V 152 Kerr Mines* O 76 Kerr Mines T 29 Kesselrun Res* O 35 V 105 Kesselrun Res Kestrel Gold V 644 Khan Res 133 V 3274 Kilo Goldmines Kilo Goldmines* O 65 O 10 Kincora Copper* Kincora Copper V 101 3 Kings Bay Res* O 304 Kings Bay Res V Kingsmen Res V 77 O 27 Kingsmen Res* Kinross Gold T 13048 32915 Kinross Gold* N Kintavar Exp V 209 Kirkland Lake* N 3427 Kirkland Lake T 2668 Kitrinor Mtls V 2109 T 97 Klondex Mines Klondike Gold V 591 Klondike Gold* O 268 Klondike Silv V 619 Klondike Silv* O 51 Knick Expl V 319 Kombat Copper V 210 V 3 Komet Resource Kootenay Silvr* O 141 V 609 Kootenay Silvr Kootenay Zinc 33 Kootenay Zinc* O 30 53 Kutcho Copper * O KWG Res 663

0.17 0.14 0.15 - 0.02 0.35 0.14 0.22 0.19 0.20 - 0.02 0.43 0.19 7.36 6.43 6.46 - 0.76 8.87 6.22 5.58 4.90 4.93 - 0.63 7.25 4.80 0.13 0.00 0.10 - 0.02 0.43 0.04 0.10 0.09 0.09 - 0.01 0.28 0.03 0.06 0.05 0.06 - 0.00 0.12 0.04 0.08 0.07 0.07 unch 0.00 0.15 0.06 0.03 0.02 0.03 + 0.01 0.05 0.01 0.15 0.15 0.15 unch 0.00 0.25 0.05 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.09 0.08 0.09 + 0.01 0.18 0.05 0.35 0.33 0.34 - 0.01 0.56 0.26 1.47 1.47 1.47 unch 0.00 2.68 1.47 0.98 0.86 0.86 - 0.11 3.37 0.90 1.33 1.10 1.13 - 0.14 4.12 1.13 0.08 0.00 0.08 + 0.01 0.27 0.05 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.06 0.05 0.05 - 0.01 0.13 0.05 0.19 0.00 0.19 + 0.05 0.39 0.05 0.11 0.08 0.09 + 0.01 0.21 0.08 0.06 0.05 0.06 - 0.00 0.17 0.05 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.12 0.10 0.12 + 0.01 0.45 0.09 0.13 0.13 0.13 unch 0.00 0.39 0.13 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.06 0.05 0.05 - 0.01 0.20 0.02 0.06 0.02 0.05 + 0.03 0.27 0.01 0.04 0.02 0.04 + 0.02 0.20 0.01 0.10 0.10 0.10 unch 0.00 0.65 0.08 0.16 0.15 0.16 unch 0.00 1.18 0.14 0.68 0.62 0.66 + 0.04 1.83 0.05 0.88 0.80 0.84 + 0.04 1.40 0.77 0.33 0.31 0.31 - 0.02 0.59 0.24 0.27 0.27 0.27 unch 0.00 0.35 0.19 0.11 0.11 0.11 unch 0.00 0.10 0.05 0.41 0.36 0.41 unch 0.00 0.47 0.12 0.53 0.52 0.52 - 0.01 0.65 0.11 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.22 0.17 0.20 + 0.02 1.11 0.15 0.27 0.23 0.26 + 0.03 1.38 0.21 0.05 0.05 0.05 unch 0.00 0.17 0.03 0.09 0.06 0.09 + 0.02 0.31 0.06 0.14 0.09 0.12 + 0.02 0.45 0.08 0.05 0.04 0.05 + 0.01 0.08 0.03 0.09 0.08 0.08 + 0.00 0.18 0.05 0.12 0.11 0.11 - 0.02 0.23 0.08 0.03 0.02 0.03 unch 0.00 0.04 0.01 0.06 0.04 0.05 - 0.01 0.06 0.03 0.07 0.06 0.06 - 0.02 0.08 0.03 0.15 0.15 0.15 unch 0.00 0.28 0.08 0.20 0.00 0.20 unch 0.00 0.38 0.09 0.09 0.07 0.09 + 0.02 0.30 0.03 0.00 0.00 0.00 - 0.00 0.00 0.00 0.51 0.46 0.47 - 0.01 0.78 0.29 0.65 0.61 0.65 + 0.01 0.99 0.38 0.21 0.17 0.19 - 0.01 0.65 0.17 0.16 0.00 0.14 - 0.02 0.51 0.14 3.61 3.25 3.51 - 0.11 5.31 3.12 0.34 0.33 0.33 unch 0.00 0.76 0.31 0.44 0.40 0.42 - 0.02 1.01 0.40 0.18 0.00 0.18 + 0.01 0.31 0.09 0.24 0.21 0.23 unch 0.00 0.39 0.12 0.11 0.09 0.10 + 0.01 0.24 0.09 0.08 0.08 0.08 - 0.00 0.19 0.07 0.11 0.07 0.08 - 0.00 0.26 0.05 0.12 0.12 0.12 unch 0.00 0.21 0.08 0.09 0.09 0.09 unch 0.00 0.12 0.07 1.10 0.96 1.07 + 0.08 1.52 0.66 0.82 0.73 0.80 + 0.04 1.22 0.52 0.41 0.36 0.37 - 0.02 0.73 0.26 1.69 0.00 1.67 - 0.03 2.25 0.97 2.20 2.06 2.07 - 0.02 2.90 1.14 0.08 0.00 0.08 - 0.01 1.20 0.05 1.89 1.54 1.79 - 0.07 3.95 1.69 2.46 2.20 2.35 - 0.08 5.01 2.20 0.34 0.26 0.26 - 0.03 0.38 0.06 0.44 0.34 0.35 + 0.01 0.50 0.08 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.03 0.00 0.03 unch 0.00 0.07 0.02 0.32 0.29 0.30 - 0.00 0.41 0.24 0.23 0.00 0.22 - 0.01 0.33 0.18 0.14 0.11 0.11 - 0.03 0.39 0.12 0.10 0.09 0.09 - 0.01 0.30 0.09 0.09 0.08 0.08 - 0.01 0.18 0.06 0.10 0.09 0.09 - 0.01 0.27 0.08 0.13 0.12 0.13 - 0.01 0.41 0.10 0.09 0.09 0.09 unch 0.00 0.30 0.06 0.13 0.11 0.11 - 0.02 0.38 0.08 0.10 0.10 0.10 unch 0.00 0.15 0.02 0.09 0.00 0.08 - 0.02 0.16 0.04 0.55 0.44 0.45 - 0.06 0.59 0.17 1.10 0.35 0.36 unch 0.00 1.10 0.27 0.23 0.22 0.22 - 0.01 0.56 0.18 0.71 0.60 0.60 - 0.08 0.79 0.31 0.90 0.78 0.79 - 0.10 1.04 0.41 0.11 0.08 0.11 unch 0.00 0.17 0.05 0.08 0.06 0.08 + 0.03 0.13 0.04 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.04 0.00 0.03 + 0.02 0.06 0.01 0.94 0.76 0.77 - 0.08 1.50 0.62 0.40 0.00 0.36 + 0.02 0.75 0.34 0.18 0.14 0.16 unch 0.00 1.10 0.14 0.00 0.00 0.00 + 0.00 0.00 0.00 0.93 0.83 0.84 - 0.05 2.83 0.65 0.17 0.12 0.12 - 0.01 0.36 0.10 0.11 0.08 0.08 - 0.01 0.28 0.08 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.17 0.13 0.14 - 0.01 0.34 0.13 0.20 0.00 0.19 - 0.01 0.41 0.18 0.06 0.06 0.06 - 0.00 0.17 0.06 0.09 0.09 0.09 + 0.01 0.23 0.08 0.03 0.02 0.02 - 0.01 0.19 0.02 0.09 0.08 0.09 unch 0.00 0.18 0.06 0.03 0.02 0.02 - 0.01 0.07 0.02 0.02 0.02 0.02 - 0.00 0.06 0.02 0.13 0.12 0.12 - 0.01 0.32 0.10 0.17 0.15 0.15 - 0.02 0.42 0.11 0.04 0.03 0.03 - 0.01 0.12 0.03 0.05 0.04 0.04 - 0.01 0.16 0.04 0.33 0.25 0.30 - 0.01 0.33 0.10 0.23 0.21 0.23 + 0.02 0.25 0.07 4.57 4.12 4.13 - 0.32 5.96 4.18 3.46 3.14 3.15 - 0.28 4.91 3.21 0.41 0.37 0.40 unch 0.00 0.65 0.10 23.79 21.67 21.98 - 1.30 23.86 10.27 30.94 28.33 28.85 - 1.43 30.94 13.10 3.77 3.46 3.49 unch 0.00 8.61 1.01 3.03 2.88 3.03 unch 0.00 4.85 1.66 0.36 0.32 0.32 - 0.03 0.60 0.22 0.28 0.24 0.25 - 0.02 0.49 0.16 0.05 0.05 0.05 unch 0.00 0.10 0.04 0.04 0.00 0.04 + 0.01 0.08 0.02 0.02 0.01 0.01 unch 0.00 0.05 0.01 0.15 0.14 0.15 + 0.01 0.49 0.14 0.19 0.18 0.18 - 0.01 0.48 0.18 0.12 0.00 0.11 + 0.00 0.24 0.10 0.15 0.13 0.14 - 0.01 0.31 0.14 0.13 0.11 0.11 - 0.01 1.00 0.09 0.09 0.00 0.07 - 0.02 0.91 0.07 0.29 0.24 0.25 - 0.03 0.84 0.24 0.02 0.01 0.02 + 0.01 0.03 0.01

I-J-K

(100s) Stock

Week

21

12-month

Exc Volume High Low Last Change High Low

L Labdr Iron Mns* O 27 Labrador Gold V 102 Labrador Iron T 1381 Lara Expl V 83 Laramide Res T 14243 Laredo Res* O 3679 Largo Res T 6306 Largo Res* O 2267 Lateral Gold V 19 Latin Am Mnls V 604 Latin Am Mnls* O 143 Laurion Mnl Ex* O 176 Laurion Mnl Ex V 602 0 Le Mare Gold* O LeadFX Inc* O 9 Leading Edge V 276 Leading Edge* O 108 Leagold Mg T 553 Leagold Mg* O 241 Leeta Gold V 3569 Legion Metals 148 Lepanto Con Mg* O 186 Levon Res Ltd T 158 Levon Res Ltd * O 247 Libero Copper V 86 Liberty Gold* O 256 Liberty One Li V 538 Liberty One Li* O 733 LiCo Energy* O 301 LiCo Energy V 873 Lincoln Mng V 21 Lion One Mtls V 50 Lion One Mtls* O 14 9 Lions Bay Cap V Lions Gate Mtl* O 6 Lithium Amer T 445 Lithium Amer* N 772 Lithium Chile* O 68 Lithium Chile V 108 Lithium Corp* O 246 Lithium Energi V 307 Lithium Energi* O 3 Lithium Energy V 18 Lithium Expl* O 977 Lithoquest Dia V 60 Lithoquest Dia* O 10 LKA Gold* O 169 Lode-Star Mg* O 34 Lomiko Mtls* O 50 Lomiko Mtls V 532 Loncor Res* O 34 Loncor Res T 35 Lone Star Gold* O 250 Lonmin plc* O 11 Lonmin plc* O 18 Lorraine Coppr* O 27 Lorraine Coppr V 350 Los Andes Copp V 130 Lovitt Res V 76 LSC Lithium* O 9 Lucara Diam T 1553 Lucky Mnls * O 209 Lucky Mnls V 2080 Lumina Gold* O 50 Lumina Gold V 229 Lund Enterpr V 3 Lundin Gold T 122 Lundin Mng T 10152 Lupaka Gold V 73 Lydian Intl* O 276 Lydian Intl T 2725 Lynas Corp* O 1017 Lynas Corp* O 45

0.02 0.00 0.00 - 0.01 0.11 0.00 0.28 0.24 0.24 unch 0.00 0.35 0.05 24.91 22.76 24.09 - 0.38 28.55 18.23 0.69 0.64 0.64 - 0.03 0.99 0.50 0.29 0.25 0.28 + 0.02 0.55 0.23 0.03 0.01 0.03 + 0.01 0.05 0.00 2.22 1.88 2.20 + 0.30 2.68 0.48 1.68 1.47 1.68 + 0.21 2.05 0.38 0.84 0.76 0.76 - 0.04 1.05 0.55 0.03 0.03 0.03 unch 0.00 0.16 0.03 0.02 0.01 0.02 + 0.01 0.12 0.01 0.08 0.06 0.07 - 0.00 0.08 0.01 0.10 0.09 0.10 + 0.01 0.11 0.01 0.00 0.00 0.07 unch 0.00 3.40 0.03 0.69 0.65 0.69 - 0.00 1.57 0.48 0.48 0.42 0.43 - 0.04 1.01 0.36 0.37 0.32 0.33 - 0.03 0.80 0.26 2.53 2.38 2.38 - 0.09 3.48 2.38 2.03 1.82 1.83 - 0.08 2.80 1.82 0.88 0.76 0.80 - 0.04 6.75 0.62 0.10 0.09 0.10 + 0.01 0.21 0.05 0.00 0.00 0.00 - 0.00 0.02 0.00 0.22 0.19 0.19 - 0.01 0.41 0.18 0.16 0.13 0.15 - 0.01 0.34 0.13 0.08 0.08 0.08 + 0.01 0.15 0.07 0.34 0.00 0.32 - 0.01 0.44 0.30 0.21 0.17 0.18 - 0.02 2.49 0.17 0.16 0.12 0.13 - 0.02 1.95 0.12 0.03 0.02 0.03 - 0.00 0.90 0.02 0.04 0.03 0.04 + 0.01 0.20 0.03 0.02 0.02 0.02 + 0.01 0.06 0.02 0.53 0.49 0.53 + 0.02 0.79 0.45 0.42 0.38 0.39 - 0.03 0.63 0.36 0.08 0.08 0.08 unch 0.00 0.25 0.07 0.07 0.05 0.05 unch 0.00 0.42 0.05 5.26 4.82 4.89 - 0.24 14.06 4.58 4.05 3.69 3.74 - 0.21 10.95 3.50 0.64 0.58 0.59 - 0.03 0.97 0.54 0.82 0.76 0.77 - 0.03 1.35 0.42 0.25 0.20 0.22 + 0.00 0.62 0.06 0.38 0.30 0.31 - 0.05 0.97 0.12 0.26 0.21 0.21 - 0.05 0.75 0.13 0.32 0.00 0.27 - 0.05 1.50 0.27 0.02 0.01 0.02 - 0.00 0.13 0.02 0.50 0.45 0.49 + 0.03 0.88 0.22 0.36 0.36 0.36 unch 0.00 0.51 0.29 0.17 0.12 0.12 - 0.05 0.58 0.11 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.04 0.04 0.04 unch 0.00 0.24 0.03 0.06 0.05 0.05 unch 0.00 0.31 0.04 0.05 0.05 0.05 - 0.00 0.09 0.04 0.07 0.07 0.07 unch 0.00 0.11 0.06 0.01 0.01 0.01 - 0.00 0.03 0.00 0.64 0.00 0.63 + 0.03 1.40 0.45 0.54 0.54 0.54 unch 0.00 1.04 0.54 0.07 0.05 0.05 - 0.02 0.12 0.01 0.09 0.07 0.08 - 0.01 0.19 0.07 0.31 0.30 0.31 unch 0.00 0.47 0.20 0.10 0.07 0.10 unch 0.00 0.25 0.02 0.51 0.44 0.44 - 0.07 1.31 0.45 2.22 2.12 2.16 - 0.06 2.91 1.97 0.12 0.09 0.10 - 0.00 0.18 0.06 0.15 0.13 0.14 + 0.01 0.23 0.09 0.63 0.60 0.60 - 0.04 0.67 0.46 0.81 0.77 0.78 - 0.01 0.85 0.60 0.11 0.11 0.11 unch 0.00 0.24 0.09 5.04 4.70 4.70 - 0.34 5.57 4.07 7.01 6.75 6.80 - 0.14 10.22 6.62 0.16 0.15 0.16 unch 0.00 0.29 0.11 0.18 0.13 0.16 + 0.01 0.50 0.13 0.24 0.18 0.21 + 0.01 0.63 0.18 1.77 1.58 1.68 + 0.10 2.20 0.11 1.81 1.58 1.72 + 0.18 2.20 0.55

M Macarthur Mnl V 774 0.04 0.03 0.03 unch 0.00 0.12 0.03 Macarthur Mnl* O 51 0.03 0.02 0.03 - 0.00 0.10 0.02 MacDonald Mns* O 105 0.04 0.04 0.04 unch 0.00 0.11 0.04 V 361 0.06 0.00 0.05 - 0.01 0.16 0.05 MacDonald Mns MacMillan Mnls V 55 2.08 1.86 1.87 - 0.11 2.35 1.33 Madeira Mrnls V 11 0.03 0.03 0.03 unch 0.00 0.05 0.02 MAG Silver T 467 12.31 11.52 11.88 - 0.36 16.69 11.52 Magellan Gold* O 1141 0.03 0.02 0.02 - 0.01 0.10 0.01 unch 0.00 0.07 0.03 Magna Terra V 5 0.04 0.04 0.04 Magnitude Mng V 17 0.18 0.18 0.18 unch 0.00 0.30 0.18 Magnus Intl* O 391 0.00 0.00 0.00 unch 0.00 0.01 0.00 Majestic Gold V 510 0.10 0.09 0.10 + 0.01 0.10 0.04 Majestic Gold* O 70 0.07 0.06 0.07 + 0.00 0.08 0.03 0.08 Makena Res 1217 0.13 0.09 0.10 + 0.01 0.24 Mammoth Res V 119 0.06 0.05 0.06 + 0.01 0.16 0.04 Manado Gold V 250 0.05 0.04 0.04 unch 0.00 0.24 0.04 Mandalay Res T 1032 0.19 0.16 0.17 - 0.02 0.38 0.17 Mandalay Res* O 305 0.15 0.12 0.13 - 0.01 0.33 0.13 O 9 0.10 0.09 0.09 - 0.00 0.21 0.08 Manganese X* Manganese X V 106 0.15 0.13 0.13 - 0.02 0.28 0.08 Mangazeya Mng V 451 0.04 0.03 0.04 unch 0.00 0.04 0.02 Manitou Gold V 100 0.10 0.09 0.09 - 0.01 0.19 0.05 Maple Gold V 1477 0.14 0.12 0.12 - 0.02 0.34 0.10 0.08 Maple Gold* O 635 0.11 0.09 0.10 - 0.01 0.27 Marathon Gold* O 84 0.74 0.65 0.73 + 0.04 1.03 0.64 Marathon Gold T 600 0.96 0.85 0.96 + 0.07 1.28 0.84 Margaret Lake* O 2 0.04 0.04 0.04 unch 0.00 0.12 0.04 Margaret Lake V 212 0.06 0.05 0.05 unch 0.00 0.16 0.05 0.12 Margaux Res V 35 0.17 0.15 0.15 - 0.02 0.35 Margaux Res* O 1 0.14 0.14 0.14 unch 0.00 0.27 0.01 Marifil Mines* O 49 0.07 0.06 0.07 + 0.00 0.17 0.01 Marifil Mines V 183 0.11 0.10 0.11 + 0.01 0.32 0.10 Maritime Res V 806 0.09 0.08 0.08 - 0.01 0.14 0.07 0.18 Marlin Gold V 833 0.26 0.11 0.14 - 0.11 1.05 MartinMarietta* N 3399 211.29 199.68 200.13 - 6.83 241.33 189.27 Mas Gold V 8 0.09 0.00 0.09 unch 0.00 0.15 0.06 Mason Graphite* O 183 0.92 0.80 0.80 - 0.10 2.47 0.85 Mason Graphite V 570 1.20 1.05 1.05 - 0.10 3.15 1.11 0.01 Mason Res* O 16 0.16 0.00 0.13 - 0.01 0.29 Mason Res T 101 0.19 0.00 0.18 - 0.01 0.35 0.16 Matachewan Con V 31 0.21 0.20 0.21 + 0.01 0.33 0.20 Matica Ent* O 51 0.12 0.11 0.11 - 0.02 0.64 0.06 Matica Ent 3096 0.17 0.15 0.15 - 0.02 0.81 0.08 unch 0.00 0.02 0.01 Matmown* O 125 0.01 0.01 0.01 Maudore Mnrls* O 33 0.00 0.00 0.00 unch 0.00 0.00 0.00 Maverix Mtls* O 27 1.61 1.48 1.49 - 0.02 1.72 1.03 Mawson Res T 58 0.28 0.25 0.26 - 0.01 0.65 0.25 Mawson Res* O 54 0.22 0.17 0.21 + 0.02 0.48 0.17 0.14 MaxTech Vent 134 0.18 0.15 0.16 - 0.01 0.60 MaxTech Vent* O 146 0.16 0.11 0.13 - 0.01 0.48 0.11 Maxwell Res* O 250 0.01 0.01 0.01 unch 0.00 0.01 0.00 Maya Gold &Sil* O 50 2.10 1.87 1.95 + 0.07 2.35 0.67 Maya Gold &Sil T 241 2.77 2.29 2.38 + 0.06 3.02 0.84 V 17 0.08 0.06 0.08 + 0.03 0.18 0.04 Mazarin MBMI Res* O 9 0.06 0.05 0.05 + 0.01 0.09 0.00 MBMI Res V 6 0.06 0.00 0.06 - 0.01 0.13 0.03 McChip Res V 9 0.66 0.65 0.66 + 0.01 0.87 0.37 McEwen Mng T 543 2.94 2.78 2.84 - 0.04 3.46 2.33 N 6511 2.24 2.13 2.15 - 0.05 2.86 1.82 McEwen Mng* McLaren Res 109 0.04 0.04 0.04 unch 0.00 0.19 0.03 Meadow Bay Gd 675 0.06 0.05 0.05 unch 0.00 0.26 0.05 Meadow Bay Gd* O 5 0.05 0.05 0.05 + 0.00 0.28 0.03 Mechel* N 241 2.98 2.54 2.56 - 0.32 5.80 2.65 V 231 0.13 0.11 0.12 - 0.01 0.21 0.08 Medallion Res Medallion Res* O 227 0.11 0.08 0.09 + 0.01 0.17 0.06 Medgold Res V 61 0.40 0.00 0.36 unch 0.00 0.51 0.15 Medgold Res* O 91 0.31 0.27 0.27 - 0.00 0.38 0.12 Medinah Mnrls* O 4037 0.00 0.00 0.00 - 0.00 0.01 0.00 T 1216 0.15 0.14 0.14 - 0.01 0.24 0.13 Mega Uranium Mega Uranium* O 91 0.13 0.10 0.10 - 0.01 0.19 0.10 Megastar Dev V 45 0.07 0.07 0.07 unch 0.00 0.11 0.04 MegumaGold* O 0 0.00 0.00 0.14 unch 0.00 0.24 0.07 MegumaGold 28 0.25 0.22 0.25 unch 0.00 0.30 0.17 unch 0.00 1.50 0.30 Melior Res V 2 0.00 0.00 0.87 Melkior Res V 405 0.06 0.06 0.06 - 0.01 0.11 0.04 Meridian Mg V 19 0.09 0.09 0.09 + 0.01 1.28 0.09 Meryllion Res 29 0.03 0.00 0.02 unch 0.00 0.21 0.02 Meryllion Res* O 4 0.01 0.01 0.01 unch 0.00 0.07 0.00 unch 0.00 0.05 0.02 MetalCorp V 228 0.02 0.02 0.02 Metalex Vent V 164 0.04 0.03 0.03 - 0.01 0.10 0.02 Metalla Rylty* O 212 0.62 0.57 0.57 - 0.04 0.71 0.39 Metalla Rylty V 276 0.80 0.74 0.75 - 0.04 0.88 0.62 Metallic Mnrls* O 161 0.24 0.21 0.22 - 0.00 0.40 0.18 0.24 Metallic Mnrls V 136 0.30 0.27 0.29 - 0.01 0.50 Metallica Min* O 53 0.03 0.03 0.03 unch 0.00 0.06 0.02 Metallis Res V 335 1.20 0.95 1.15 + 0.04 2.75 0.31 Metalo Manuf 18 0.34 0.33 0.33 unch 0.00 0.57 0.23 Metals Creek V 1693 0.10 0.07 0.08 - 0.01 0.11 0.04 0.03 Metals Creek* O 612 0.07 0.06 0.06 - 0.01 0.08 Metals X* O 3 0.45 0.45 0.45 - 0.04 0.96 0.45 Metanor Res* O 22 0.42 0.39 0.39 - 0.03 0.69 0.38 Metanor Res V 79 0.54 0.51 0.51 - 0.02 0.83 0.48 Metron Capital V 3 0.06 0.06 0.06 unch 0.00 0.08 0.05 O 108 0.18 0.17 0.18 - 0.02 0.34 0.17 Mexican Gold* Mexus Gold* O 2621 0.01 0.01 0.01 - 0.00 0.09 0.01 Mezzotin Mnrls V 40 0.01 0.01 0.01 unch 0.00 0.04 0.01 MGX Minerals 3615 0.91 0.78 0.89 + 0.07 1.96 0.76 MGX Minerals* O 6101 0.70 0.60 0.68 + 0.05 1.58 0.59

22

WWW.NORTHERNMINER.COM

AUGUST 20–SEPTEMBER 2, 2018 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Midas Gold T 726 Midas Gold* O 631 Midasco Cap V 540 Midland Expl V 56 Midnight Sun V 73 Millennial Lit* O 67 Millennial Lit V 150 Millrock Res* O 497 Millrock Res V 293 Milner Con Slv V 200 Minaurum Gold V 456 Minco Silver* O 30 Minco Silver T 73 Minera Alamos * O 117 Minera Alamos V 943 Minera IRL 306 Mineral Hill V 91 Mineral Mtn* O 689 Mineral Mtn V 1580 MineralRite* O 21674 Mineworx Tech V 300 Mineworx Tech* O 60 Minfocus Expl V 67 O 3910 Mining Global* Minnova Corp V 367 Minsud Res V 36 Miramont Res* O 12 Miramont Res 354 Miranda Gold V 363 Mirasol Res V 72 Mistango River 38 MK2 Ventures V 10 MK2 Ventures * O 0 Mkango Res V 375 ML Gold* O 32 ML Gold Corp V 861 Monarca Mnrls* O 5 Monarca Mnrls V 123 V 267 Monarques Res Monarques Res* O 77 Moneta Porcpn* O 330 Moneta Porcpn T 526 Monitor Vent V 13 Monitor Vent* O 1 Montan Mg* O 52 Montan Mg V 290 Montego Res 1380 Montego Res* O 15 8 Montero Mg&Ex * O Montero Mg&Ex V 10 Monument Mng V 718 Morien Res* O 17 Morien Res V 119 O 30 Morumbi Res* Morumbi Res T 728 Mosaic* N 29383 Mount Gibson * O 0 Mountain Boy V 311 D 217 Mountain Prov* Mountain Prov T 565 Mundoro Cap* O 42 Mundoro Cap V 296 Murchison Min V 138 MX Gold* O 207

0.93 0.87 0.91 + 0.01 1.21 0.55 0.73 0.67 0.69 + 0.01 0.95 0.42 0.10 0.09 0.10 + 0.01 0.15 0.06 0.85 0.73 0.80 - 0.05 1.17 0.73 0.23 0.23 0.23 + 0.01 0.48 0.21 1.54 1.40 1.45 - 0.07 3.87 0.99 1.97 1.89 1.90 - 0.05 4.80 1.23 0.22 0.15 0.17 - 0.02 0.35 0.15 0.29 0.21 0.23 - 0.06 0.43 0.21 0.08 0.08 0.08 unch 0.00 0.09 0.04 0.57 0.49 0.52 - 0.01 0.67 0.21 0.44 0.38 0.42 - 0.03 0.96 0.39 0.62 0.00 0.52 - 0.07 1.19 0.46 0.10 0.09 0.09 - 0.01 0.18 0.08 0.12 0.11 0.12 unch 0.00 0.24 0.11 0.08 0.08 0.08 unch 0.00 0.15 0.07 0.19 0.13 0.14 - 0.05 0.32 0.13 0.22 0.14 0.16 - 0.04 0.60 0.14 0.30 0.15 0.24 - 0.03 0.74 0.15 0.00 0.00 0.00 + 0.00 0.00 0.00 0.19 0.18 0.18 - 0.01 0.40 0.06 0.15 0.13 0.14 - 0.01 0.33 0.05 0.10 0.06 0.06 - 0.04 0.42 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.78 0.70 0.70 - 0.08 0.93 0.55 0.08 0.07 0.08 + 0.01 0.21 0.06 0.18 0.14 0.14 - 0.03 0.33 0.14 0.21 0.16 0.18 - 0.02 0.65 0.19 0.03 0.03 0.03 + 0.01 0.08 0.02 1.77 1.68 1.72 - 0.01 2.60 1.51 0.04 0.03 0.04 + 0.01 0.07 0.01 0.25 0.00 0.25 unch 0.00 0.38 0.09 0.00 0.00 0.13 unch 0.00 0.13 0.08 0.15 0.15 0.15 unch 0.00 0.24 0.05 0.09 0.08 0.08 - 0.01 0.26 0.06 0.12 0.10 0.11 unch 0.00 0.32 0.09 0.03 0.03 0.03 - 0.00 0.12 0.03 0.06 0.04 0.04 - 0.01 0.16 0.04 0.26 0.23 0.25 unch 0.00 0.47 0.23 0.21 0.17 0.19 - 0.00 0.38 0.18 0.10 0.09 0.09 - 0.00 0.17 0.09 0.14 0.13 0.13 - 0.01 0.23 0.12 0.19 0.00 0.19 unch 0.00 0.50 0.19 0.14 0.14 0.14 + 0.00 0.42 0.12 0.04 0.04 0.04 unch 0.00 0.04 0.01 0.06 0.06 0.06 unch 0.00 0.11 0.03 0.17 0.10 0.14 + 0.04 0.55 0.07 0.08 0.08 0.08 unch 0.00 0.32 0.08 0.19 0.19 0.19 unch 0.00 0.38 0.14 0.22 0.21 0.22 + 0.01 0.49 0.12 0.07 0.06 0.07 unch 0.00 0.09 0.06 0.43 0.42 0.42 - 0.03 0.60 0.37 0.58 0.54 0.55 - 0.03 0.77 0.47 0.60 0.51 0.51 - 0.09 0.96 0.48 0.75 0.67 0.67 - 0.08 1.23 0.62 32.32 29.87 31.49 + 1.04 32.32 19.23 0.00 0.00 0.33 unch 0.00 0.34 0.28 0.08 0.07 0.08 unch 0.00 0.11 0.05 2.40 2.06 2.15 - 0.15 3.95 2.08 3.10 2.73 2.77 - 0.23 4.95 2.73 0.12 0.11 0.11 - 0.02 0.16 0.06 0.16 0.14 0.15 + 0.01 0.21 0.09 0.12 0.11 0.12 unch 0.00 0.25 0.11 0.03 0.02 0.02 - 0.01 0.17 0.01

NA Frac Sand* O 409 NACCO Ind* N 37 Namibia Crit V 117 Namibia Crit* O 142 Napier Vent V 9 Napier Vent* O 14 Natural Res Pt* N 105 Nautilus Mnrls T 966 O 1001 Nautilus Mnrls* Navis Res Corp* O 1 Navis Res Corp 56 Navy Res V 8 Nemaska Lith T 9470 O 731 Nemaska Lith* Neo Lithium V 1646 Neometals* O 10 Network Expl V 118 Nevada Clean M V 914 Nevada Clean M* O 266 Nevada Copper T 497 Nevada Energy* O 14 Nevada Energy V 23 Nevada Expl * O 201 Nevada Expl V 447 Nevada Sunrise* O 98 Nevada Sunrise V 138 Nevada Zinc V 192 Nevado Res V 250 Nevsun Res* X 4162 Nevsun Res T 11477 New Age Metals* O 24 New Age Metals V 927 New Carolin Gd* O 66 350 New Carolin Gd V New Destiny Mg V 169 New Dimen Res V 23 New Dimen Res* O 40 New Energy Met V 262 15 New Energy Met* O New Gold* X 24508 New Gold T 7973 New Guinea Gld* O 1190 New Jersey Mng 28 New Jersey Mng* O 320 New Milln Iron* O 8 New Milln Iron T 400 New Nadina V 332 New Nadina* O 5 New Oroperu V 17 New Pac Metals V 18 New Pac Metals* O 13 New Point Expl 31930 New Tech Lith 3767 New Tech Lith* O 115 New World Res V 28 New World Res* O 0 Newlox Gold 208 Newmont Mng* N 23413 Newport Expl V 87 Newport Gold* O 0 NewRange Gold* O 80 NewRange Gold V 195 Nexa Resources T 15 N 809 Nexa Resources* Nexco Res 46 Nexgen Energy* X 1547 Nexgen Energy T 1758 NextSource Mat T 716 Nexus Gold V 167 Nexus Gold* O 16 NGEx Res* O 40 NGEx Res T 116 Nickel Creek T 368 Nickel Creek* O 704 Nickel North V 439 Nickel One Res V 291 Nicola Mg Inc* O 51 Nicola Mg Inc V 689 T 494 Nighthawk Gold Nighthawk Gold* O 29 Niobay Metals V 49 Niocan Inc V 41 Niocorp Dev T 587 Niocorp Dev* O 439 Nippon Dragon V 108 Nippon Dragon* O 31 Nitinat Mnls* O 0 Nitinat Mnls V 95 405 Noble Metal Gr V Noble Mnl Expl* O 103 Noble Mnl Expl V 1050 Noka Res* O 1159 Noram Vent* O 5 Noram Vent V 28 Noranda Alum* O 248 Noront Res V 1090 Norsemont Cap 33 Nortec Mnls V 497 436 North Am Nickl V North Am Nickl* O 42 North Am Pall* O 7 North Am Pall T 22

0.01 0.01 0.01 - 0.00 0.02 0.01 37.00 35.58 36.25 + 0.05 48.85 14.60 0.23 0.18 0.23 + 0.05 0.46 0.04 0.18 0.14 0.17 + 0.04 2.77 0.03 0.40 0.38 0.38 - 0.02 0.54 0.26 0.29 0.28 0.29 + 0.01 0.44 0.28 32.70 30.70 31.55 unch 0.00 37.70 22.81 0.15 0.12 0.12 - 0.02 0.39 0.12 0.12 0.09 0.09 - 0.01 0.31 0.09 0.28 0.00 0.28 unch 0.00 0.56 0.28 0.45 0.38 0.38 - 0.08 1.65 0.23 0.24 0.24 0.24 unch 0.00 0.32 0.16 0.75 0.67 0.70 - 0.01 2.44 0.65 0.58 0.51 0.53 - 0.03 1.96 0.50 1.32 1.18 1.20 - 0.01 2.75 0.85 0.22 0.11 0.22 + 0.11 0.80 0.10 0.35 0.00 0.33 + 0.02 0.48 0.28 0.04 0.03 0.03 unch 0.00 0.08 0.03 0.02 0.02 0.02 - 0.00 0.08 0.02 0.53 0.49 0.49 - 0.01 0.84 0.47 0.15 0.10 0.10 - 0.05 0.52 0.07 0.20 0.15 0.15 - 0.05 0.60 0.18 0.17 0.12 0.13 - 0.03 0.35 0.09 0.21 0.15 0.16 - 0.05 0.46 0.12 0.08 0.06 0.06 - 0.00 0.23 0.06 0.10 0.08 0.09 - 0.01 0.28 0.08 0.16 0.16 0.16 + 0.01 0.28 0.13 0.01 0.01 0.01 unch 0.00 0.05 0.01 3.89 3.56 3.75 + 0.08 3.89 1.96 5.08 4.75 4.94 + 0.15 5.08 2.49 0.06 0.05 0.05 + 0.00 0.15 0.04 0.07 0.06 0.06 - 0.01 0.19 0.05 0.27 0.00 0.26 - 0.01 0.58 0.18 0.36 0.32 0.35 unch 0.00 0.77 0.20 0.16 0.14 0.15 unch 0.00 0.35 0.10 0.22 0.00 0.20 - 0.02 0.30 0.09 0.17 0.17 0.17 unch 0.00 0.22 0.02 0.11 0.09 0.09 - 0.01 0.90 0.09 0.07 0.07 0.07 unch 0.00 0.60 0.07 1.35 1.11 1.12 - 0.20 4.25 1.11 1.76 1.42 1.48 - 0.23 5.16 1.42 0.00 0.00 0.00 - 0.00 0.00 0.00 0.23 0.23 0.23 unch 0.00 0.26 0.23 0.19 0.16 0.18 + 0.01 0.25 0.11 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.08 0.07 0.07 unch 0.00 0.15 0.06 0.16 0.14 0.16 unch 0.00 4.60 0.08 0.13 0.13 0.13 unch 0.00 3.60 0.07 0.30 0.00 0.29 + 0.01 0.55 0.27 1.60 0.00 1.58 + 0.03 1.70 1.20 1.22 1.11 1.21 + 0.04 1.29 0.97 0.12 0.07 0.07 - 0.02 0.41 0.06 0.07 0.04 0.06 - 0.01 0.17 0.04 0.05 0.04 0.05 + 0.01 0.16 0.02 0.20 0.20 0.20 unch 0.00 0.29 0.10 0.00 0.00 0.18 unch 0.00 0.19 0.09 0.05 0.04 0.05 + 0.01 0.08 0.03 36.75 35.39 35.60 - 0.86 42.04 34.20 0.32 0.32 0.32 - 0.01 0.38 0.21 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.14 0.10 0.13 + 0.02 0.47 0.05 0.18 0.14 0.14 - 0.01 0.62 0.13 17.65 16.45 16.65 - 1.00 26.70 14.61 13.80 12.47 12.69 - 1.21 21.61 10.90 0.25 0.20 0.20 - 0.05 0.50 0.15 2.20 1.95 2.01 - 0.06 2.85 1.65 2.76 2.56 2.64 - 0.03 3.58 2.12 0.10 0.08 0.09 unch 0.00 0.22 0.06 0.28 0.23 0.25 - 0.01 2.20 0.19 0.20 0.19 0.19 + 0.00 0.29 0.02 0.76 0.76 0.76 - 0.00 1.10 0.68 1.00 1.00 1.00 unch 0.00 1.49 0.85 0.18 0.17 0.18 unch 0.00 0.41 0.16 0.14 0.12 0.13 + 0.00 0.33 0.12 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.03 0.03 0.03 - 0.01 0.13 0.02 0.11 0.08 0.11 + 0.01 0.17 0.08 0.12 0.11 0.11 - 0.01 0.21 0.11 0.40 0.34 0.36 - 0.01 1.06 0.34 0.28 0.26 0.27 - 0.01 0.97 0.26 0.20 0.19 0.20 + 0.01 0.43 0.11 0.08 0.06 0.08 + 0.01 0.18 0.06 0.72 0.63 0.69 + 0.06 0.78 0.37 0.55 0.49 0.52 + 0.02 0.62 0.29 0.03 0.03 0.03 + 0.01 0.07 0.03 0.03 0.01 0.03 + 0.01 0.06 0.01 0.00 0.00 0.11 unch 0.00 0.36 0.03 0.13 0.12 0.12 unch 0.00 0.51 0.04 0.02 0.01 0.01 - 0.01 0.04 0.01 0.06 0.05 0.05 + 0.01 0.15 0.04 0.08 0.07 0.07 + 0.01 0.19 0.05 0.58 0.46 0.46 - 0.07 0.71 0.05 0.09 0.09 0.09 - 0.00 0.64 0.09 0.14 0.12 0.14 + 0.02 0.80 0.12 0.05 0.02 0.02 - 0.02 0.17 0.01 0.35 0.31 0.32 - 0.03 0.52 0.27 0.34 0.32 0.32 unch 0.00 0.47 0.32 0.06 0.04 0.06 unch 0.00 0.18 0.04 0.08 0.07 0.07 - 0.01 0.10 0.06 0.05 0.05 0.05 + 0.00 0.08 0.04 8.64 7.47 7.48 - 0.32 9.38 4.15 10.20 9.45 9.78 - 0.32 11.98 5.26

N-O

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

North Arrow Mn* O 22 102 North Arrow Mn V North Bay Res * O 18037 Northcliff Res T 223 Northern Uran V 160 Northisle C&G V 18 V 8477 Northn Empire O 424 Northn Empire* Norvista Cap V 34 O 20 Nouveau Monde* V 919 Nouveau Monde T 462 NovaGold Res X 3098 NovaGold Res* Novo Res* O 247 Novo Res V 530 NQ Minerals Pl* O 135 NRG Metals* O 1043 NRG Metals V 1124 V 215 Nrthn Graphite O 322 Nrthn Graphite* Nrthn Lion* O 1 Nrthn Lion V 4 29 Nrthn Mnrls &E* O Nrthn Shield V 1619 O 155 Nrthn Superior* Nrthn Superior V 605 Nrthn Vertex* O 131 Nrthn Vertex V 939 V 25 NSGold 65 NSS Res Inc Nthn Dynasty T 736 X 2962 Nthn Dynasty* O 100 Nthrn Sphere* Nthrn Sphere 70 Nubian Res V 72 NuLegacy Gold V 175 O 139 NuLegacy Gold* V 18 Nunavik Nickel T 5442 Nutrien N 7277 Nutrien* NV Gold* O 8 NV Gold V 45 NX Uranium* O 3 NxGold Ltd* O 123 NxGold Ltd V 513 Nyrstar NV* O 3 O.T. Mining* O 29 OceanaGold* O 7 OceanaGold T 6192 478 Oceanic Iron O V 5 Oceanic Iron O* O Oceanus Res V 250 O 43 Oceanus Res* Odyssey Res V 106 OK2 Minerals V 791 Olivut Res V 114 Olivut Res* O 54 35 Omineca Mg &Ml V 378 One World Lith Opawica Expl V 33 155 Opus One Res V Orbite Tech* O 1 Orca Gold V 310 Orca Gold* O 80 V 63 Orefinders Res V 74 Orestone Mng Orex Mnrls* O 132 Orex Mnrls V 424 Orezone Gold V 2028 O 184 Orezone Gold* Orford Mining V 15 Organic Potash 3 2 Oriental Non F Origin Gold V 198 O 43 Original Sixtn* Orla Mng Ltd V 138 22 Orla Mng Ltd* O 5 Oro East Mg* O Oroco Res V 557 Oroco Res* O 552 Orocobre T 199 V 104 Oronova Energy Oroplata Res* O 241 Orosur Mng T 230 Orsu Metals V 8 Orvana Mnrls* O 35 Orvana Mnrls T 408 Osino Res V 190 Osisko Gold* N 2794 Osisko Gold T 1496 O 65 Osisko Metals* Osisko Metals V 604 Osisko Mng Inc T 20556 Osprey Gold V 1102 Otis Gold V 415 Otis Gold* O 185 OZ Minerals* O 2

0.14 0.00 0.14 unch 0.00 0.22 0.13 0.20 0.19 0.20 unch 0.00 0.29 0.16 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.09 0.09 0.09 + 0.01 0.18 0.09 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.13 0.11 0.13 unch 0.00 0.21 0.09 1.58 1.47 1.52 unch 0.00 1.62 0.59 1.18 1.11 1.15 - 0.02 1.29 0.48 0.14 0.00 0.12 unch 0.00 0.16 0.08 0.22 0.20 0.20 - 0.02 0.42 0.20 0.29 0.25 0.28 - 0.01 0.54 0.25 5.71 5.55 5.66 + 0.06 6.47 4.33 4.38 4.25 4.33 + 0.03 5.05 3.35 3.45 3.10 3.25 - 0.10 7.08 1.98 4.48 4.06 4.29 + 0.01 8.83 2.45 0.22 0.00 0.22 + 0.05 0.22 0.17 0.21 0.17 0.18 - 0.00 0.49 0.07 0.28 0.22 0.24 unch 0.00 0.62 0.10 0.35 0.30 0.33 - 0.01 0.70 0.24 0.27 0.24 0.24 - 0.02 0.55 0.19 0.16 0.15 0.15 unch 0.00 0.52 0.15 0.25 0.25 0.25 unch 0.00 0.67 0.23 0.07 0.06 0.06 - 0.01 0.10 0.01 0.04 0.03 0.03 + 0.01 0.07 0.02 0.03 0.02 0.03 + 0.00 0.04 0.02 0.04 0.03 0.03 unch 0.00 0.05 0.03 0.30 0.25 0.26 - 0.01 0.58 0.25 0.38 0.32 0.35 - 0.01 0.70 0.32 0.10 0.10 0.10 unch 0.00 0.15 0.02 0.20 0.15 0.20 + 0.05 1.39 0.06 0.79 0.71 0.74 + 0.01 2.99 0.55 0.61 0.56 0.56 - 0.01 2.34 0.43 0.05 0.05 0.05 unch 0.00 0.18 0.04 0.06 0.06 0.06 - 0.01 0.45 0.05 0.17 0.15 0.15 - 0.02 0.38 0.15 0.18 0.17 0.18 unch 0.00 0.26 0.15 0.15 0.13 0.14 - 0.00 0.21 0.12 0.13 0.12 0.12 - 0.01 0.15 0.08 76.12 73.35 74.80 - 0.37 76.12 55.27 58.70 56.37 57.06 - 0.69 58.70 40.41 0.15 0.13 0.13 - 0.01 0.92 0.13 0.18 0.15 0.17 - 0.01 1.22 0.15 0.02 0.01 0.01 unch 0.00 0.03 0.01 0.17 0.13 0.14 - 0.02 0.26 0.11 0.21 0.18 0.18 - 0.03 0.40 0.14 5.28 5.28 5.28 unch 0.00 8.25 5.28 0.09 0.00 0.07 - 0.01 0.20 0.03 3.05 0.00 2.98 - 0.06 3.30 2.23 4.10 3.94 3.95 - 0.10 4.19 2.92 0.06 0.05 0.05 + 0.01 0.16 0.05 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.18 0.15 0.16 - 0.02 0.36 0.14 0.12 0.11 0.12 + 0.01 0.29 0.11 0.06 0.03 0.04 + 0.01 0.07 0.03 0.05 0.04 0.04 + 0.01 0.14 0.04 0.13 0.09 0.12 + 0.02 0.20 0.07 0.12 0.07 0.09 - 0.02 0.15 0.06 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.17 0.15 0.16 - 0.01 0.20 0.10 0.06 0.06 0.06 unch 0.00 0.40 0.05 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.02 0.00 0.00 - 0.02 0.15 0.00 0.56 0.53 0.54 - 0.02 0.78 0.40 0.47 0.40 0.42 + 0.00 0.63 0.31 0.08 0.07 0.07 - 0.01 0.17 0.06 0.08 0.07 0.08 - 0.01 0.13 0.05 0.08 0.05 0.07 + 0.01 0.15 0.05 0.11 0.08 0.10 + 0.01 0.18 0.08 0.69 0.60 0.65 + 0.04 1.02 0.60 0.53 0.45 0.49 + 0.02 0.82 0.45 0.20 0.20 0.20 unch 0.00 0.70 0.16 0.04 0.00 0.04 unch 0.00 0.08 0.01 1.05 1.05 1.05 unch 0.00 1.05 0.90 0.12 0.10 0.12 + 0.01 0.25 0.08 0.17 0.15 0.17 + 0.02 0.20 0.00 1.35 1.23 1.25 - 0.01 1.85 1.05 1.04 0.99 0.99 - 0.05 1.48 0.89 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.30 0.22 0.28 + 0.05 0.31 0.02 0.24 0.18 0.21 + 0.01 0.24 0.03 4.28 4.14 4.28 + 0.09 7.36 3.04 0.08 0.07 0.07 - 0.01 0.22 0.07 0.15 0.13 0.15 + 0.00 0.42 0.06 0.06 0.05 0.05 - 0.01 0.30 0.03 0.21 0.00 0.19 - 0.02 0.29 0.13 0.14 0.00 0.13 - 0.01 0.25 0.12 0.17 0.15 0.17 - 0.01 0.32 0.15 0.33 0.26 0.33 + 0.06 0.64 0.21 9.25 8.78 8.87 - 0.29 14.39 8.78 12.02 11.47 11.62 - 0.30 17.58 11.47 0.45 0.41 0.45 + 0.04 1.33 0.39 0.60 0.53 0.59 + 0.04 1.74 0.51 2.22 1.97 1.99 - 0.16 5.07 1.61 0.06 0.04 0.05 unch 0.00 0.24 0.05 0.25 0.20 0.22 - 0.03 0.36 0.16 0.21 0.15 0.16 - 0.04 0.29 0.12 7.00 6.82 6.82 - 0.18 8.02 5.92

Pac Bay Mnrls V 25 12 Pac Booker Min* O 5 Pac Booker Min V Pac Imperial V 202 24 Pac Iron Ore V Pac Ridge Expl V 152 15 Pac Ridge Expl* O Pac Wildcat* O 41 V 191 Pacific Empire Pacific Rim 612 Pacific Rim* O 133 Pacific Silk* O 0 Pacific Silk V 27 Pacton Gold V 2977 O 253 Paladin Energy* V 96 Palamina Corp Palamina Corp* O 35 O 0 Palladon Vent* Pan Am Silver T 1152 Pan Am Silver* D 6593 1 Pan Andean Min* O 116 Pan Andean Min V 25 Pan Global Res V V 534 Pancontinental O 4 Pancontinental* Pangolin Dia V 393 Panoro Mnrls V 1014 O 3 PanTerra Gold* V 270 Pantheon Vent V 163 Para Resources Parallel Mng V 47 40 Parallel Mng * O X 83 Paramount Gold* Paringa Res* O 108 Parlane Res V 57 Pasinex Res 397 Patriot Gold* O 35 N 3422 Peabody Enrgy* 25 Pelangio Expl * O O 1 Pelangio Expl* Pelangio Expl V 95 Peloton Mnrls 29 O 47 Peloton Mnrls* O 150 PepinNini Lith* T 634 Peregrine Diam Perseus Mng T 114 Pershing Gold T 2 D 370 Pershing Gold* O 122 Pershing Res* O 1 Petra Diamonds* Philex Mng* O 29 Philippine Mtl V 450 Pine Cliff En* O 185 798 Pine Cliff En T 18 Pinecrest Res * O Pinecrest Res V 69 Pistol Bay Mng* O 8 418 Pistol Bay Mng V Pivit Explor 5821 0 PJSC Polyus Gd* O PJX Res V 151 Plata Latina V 26 Plate Res V 22 O 175 Plateau Energy* V 588 Plateau Energy Platinex Inc 356 Platinum Gp Mt T 425 Platinum Gp Mt* X 4492 Plato Gold V 366

0.03 0.00 0.03 unch 0.00 0.06 0.03 0.81 0.81 0.81 unch 0.00 1.10 0.51 1.06 0.96 0.96 - 0.05 1.44 0.60 0.04 0.03 0.03 - 0.01 0.07 0.01 0.08 0.08 0.08 unch 0.00 0.23 0.03 0.06 0.06 0.06 + 0.01 0.07 0.05 0.04 0.03 0.04 + 0.01 0.06 0.03 0.19 0.07 0.07 - 0.06 0.39 0.00 0.11 0.10 0.10 - 0.01 0.20 0.10 0.32 0.20 0.23 - 0.07 1.59 0.20 0.25 0.15 0.17 - 0.07 1.25 0.15 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.04 0.00 0.04 - 0.01 0.06 0.03 0.71 0.60 0.61 - 0.07 1.02 0.06 0.17 0.13 0.13 unch 0.00 0.50 0.00 0.36 0.29 0.29 - 0.06 0.47 0.15 0.28 0.22 0.22 - 0.06 0.37 0.12 0.00 0.00 0.00 unch 0.00 0.01 0.00 22.95 20.59 22.31 + 1.01 24.27 18.00 17.62 15.76 17.01 + 0.61 19.56 13.99 0.07 0.07 0.07 unch 0.00 0.08 0.02 0.09 0.07 0.07 - 0.02 0.13 0.03 0.18 0.18 0.18 unch 0.00 0.30 0.10 0.08 0.08 0.08 unch 0.00 0.09 0.02 0.06 0.06 0.06 unch 0.00 0.07 0.01 0.06 0.05 0.05 - 0.01 0.08 0.04 0.27 0.25 0.25 unch 0.00 0.48 0.16 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.10 0.08 0.08 - 0.02 0.16 0.07 0.20 0.19 0.19 - 0.01 0.25 0.13 0.06 0.05 0.05 - 0.01 0.10 0.04 0.05 0.05 0.05 unch 0.00 0.05 0.04 1.14 1.12 1.13 + 0.01 1.80 1.11 0.26 0.14 0.20 + 0.01 0.45 0.13 0.17 0.00 0.15 - 0.03 0.30 0.11 0.11 0.09 0.09 - 0.01 0.33 0.08 0.08 0.06 0.06 - 0.01 0.11 0.04 44.03 42.64 43.37 + 0.34 47.84 26.73 0.11 0.11 0.11 unch 0.00 0.14 0.02 0.11 0.11 0.11 unch 0.00 0.14 0.02 0.15 0.15 0.15 unch 0.00 0.60 0.15 0.10 0.10 0.10 unch 0.00 0.15 0.06 0.08 0.08 0.08 - 0.00 0.12 0.05 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.24 0.24 0.24 unch 0.00 0.24 0.11 0.38 0.36 0.38 + 0.02 0.50 0.29 1.85 1.63 1.63 - 0.22 4.02 1.63 1.46 1.22 1.25 - 0.16 3.31 1.22 0.02 0.02 0.02 - 0.00 0.09 0.01 0.47 0.47 0.47 - 0.21 1.20 0.47 0.05 0.05 0.05 unch 0.00 0.19 0.05 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.32 0.29 0.29 - 0.02 0.56 0.21 0.41 0.37 0.38 - 0.02 0.72 0.27 0.19 0.17 0.19 + 0.01 0.30 0.14 0.25 0.24 0.25 unch 0.00 0.43 0.19 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.06 0.06 0.06 unch 0.00 0.18 0.04 0.19 0.10 0.11 - 0.05 0.19 0.09 35.62 0.00 35.62 + 0.62 50.23 29.00 0.23 0.21 0.23 + 0.03 0.25 0.11 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.07 0.06 0.06 unch 0.00 0.10 0.04 1.23 0.93 0.96 - 0.22 1.27 0.21 1.59 1.20 1.21 - 0.33 1.69 0.26 0.08 0.06 0.07 - 0.02 0.30 0.05 0.16 0.14 0.14 + 0.01 0.89 0.12 0.12 0.10 0.11 + 0.00 0.72 0.08 0.04 0.04 0.04 unch 0.00 0.06 0.02

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Playfair Mng V 32 Playfair Mng* O 1 PolyMet Mng* X 1098 PolyMet Mng T 21 Portage Res* O 148 Portofino Res V 294 Potash Ridge* O 126 Potash Ridge T 1336 O 778 Power Metals* Power Metals V 804 PowerOre V 95 PPX Mining* O 65 PPX Mining V 735 O 2 Precipitate Gl* Precipitate Gl V 102 Premier Gold M T 1870 Premium Expl* O 98 Pretium Res* N 13547 Pretium Res T 3868 Primary Cobalt 212 Prism Res V 26 Prize Mng* O 54 Prize Mng V 2414 ProAm Expl V 25 O 56 Probe Metals* Probe Metals V 30 Prog Planet V 163 0 Promithian Gl * O O 420 Prophecy Coal* T 748 Prophecy Coal O 20 Prospect Glob* O 21 Prospector Res* V 333 Prospector Res Prosper Gold V 466 Prospero Silvr V 115 Prospero Silvr* O 30 Provenance Gld 71 Providence V 171 PUF Vent Inc * O 160 873 PUF Vent Inc Puma Expl V 682 Puma Expl* O 3 Pure Energy* O 950 Pure Energy V 1414 Pure Gold Mg* O 105 658 Pure Gold Mg V Pure Nickel* O 1 Pure Nickel V 142 V 370 Purepoint Uran Q-Gold Res V 163 QC Precious V 93 QMC Quantum Ml* O 458 QMC Quantum Ml V 486 QMX Gold* O 89 QMX Gold V 270 Quadro Res V 387 Quantum Cobalt 156 0 Quartz Mtn Res V Quaterra Res V 241 Quaterra Res* O 172 Quest Rare Mnl* O 646 Quinto Res V 469

0.08 0.08 0.08 unch 0.00 0.09 0.04 0.06 0.06 0.06 unch 0.00 0.08 0.03 0.90 0.79 0.85 + 0.05 1.36 0.58 1.16 1.01 1.11 + 0.09 1.66 0.72 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.07 0.06 0.06 - 0.01 0.19 0.04 0.06 0.04 0.06 + 0.02 0.14 0.04 0.10 0.06 0.08 + 0.02 0.17 0.05 0.27 0.20 0.23 - 0.00 0.70 0.20 0.33 0.29 0.30 unch 0.00 0.88 0.25 0.13 0.10 0.13 unch 0.00 0.45 0.10 0.07 0.07 0.07 - 0.00 0.08 0.04 0.10 0.10 0.10 unch 0.00 0.11 0.05 0.05 0.05 0.05 + 0.01 0.15 0.03 0.06 0.05 0.06 + 0.01 0.19 0.05 2.55 2.08 2.12 - 0.38 4.13 2.16 0.00 0.00 0.00 unch 0.00 0.02 0.00 9.37 7.60 9.24 + 1.17 12.44 6.17 12.28 9.93 12.13 + 1.65 15.52 7.93 0.09 0.07 0.08 - 0.01 0.15 0.04 0.06 0.05 0.05 unch 0.00 0.20 0.05 0.14 0.00 0.14 + 0.02 0.38 0.11 0.26 0.14 0.26 + 0.11 0.48 0.14 0.02 0.02 0.02 unch 0.00 0.04 0.02 1.02 0.94 0.97 - 0.01 1.42 0.77 1.31 1.24 1.27 - 0.01 1.74 1.03 0.07 0.06 0.06 unch 0.00 0.20 0.05 0.00 0.00 0.02 unch 0.00 0.10 0.02 1.95 0.16 0.19 - 1.60 4.00 0.16 2.35 0.22 0.25 + 0.02 0.50 0.16 0.06 0.02 0.02 - 0.00 0.14 0.02 0.63 0.00 0.61 - 0.10 0.83 0.38 0.93 0.75 0.75 - 0.12 1.35 0.48 0.08 0.08 0.08 unch 0.00 0.21 0.08 0.11 0.11 0.11 - 0.01 0.27 0.07 0.09 0.09 0.09 - 0.00 0.21 0.07 0.27 0.16 0.16 - 0.07 0.40 0.08 0.13 0.12 0.13 + 0.01 0.27 0.09 0.51 0.35 0.35 - 0.08 1.85 0.27 0.58 0.44 0.47 - 0.06 2.09 0.34 0.06 0.06 0.06 unch 0.00 0.13 0.06 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.11 0.08 0.09 - 0.00 0.50 0.08 0.13 0.11 0.11 - 0.01 0.59 0.11 0.50 0.46 0.46 - 0.03 0.56 0.36 0.65 0.60 0.60 - 0.03 0.71 0.46 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.03 0.02 0.03 + 0.01 0.05 0.01 0.08 0.07 0.07 unch 0.00 0.10 0.06 0.18 0.15 0.15 unch 0.00 0.30 0.10 0.31 0.28 0.30 - 0.01 0.60 0.27 0.26 0.17 0.26 + 0.08 1.46 0.08 0.35 0.23 0.35 + 0.11 1.85 0.09 0.07 0.00 0.07 unch 0.00 0.29 0.07 0.10 0.10 0.10 unch 0.00 0.38 0.09 0.08 0.06 0.07 unch 0.00 0.18 0.04 0.20 0.16 0.19 + 0.04 1.90 0.13 0.00 0.00 0.80 unch 0.00 1.50 0.65 0.07 0.06 0.07 + 0.01 0.12 0.05 0.05 0.05 0.05 + 0.00 0.10 0.03 0.01 0.00 0.00 unch 0.00 0.05 0.00 0.09 0.08 0.09 unch 0.00 0.14 0.05

Rackla Mtls V 7 Rackla Mtls* O 2 V 128 Radisson Mng Radius Gold V 250 O 120 Rae-Wallace Mg* O 1 Rainforest Res* Rainy Mtn Royl* O 9000 617 Rainy Mtn Royl V 78 Rambler Ml &Mg V Randgold Res* D 3605 V 91 Randsburg Intl O 113 Rare Element* V 239 Rathdowney Res Ravencrest Res 2659 RB Energy* O 52 288 Red Eagle Mng T Red Eagle Mng* O 8 28 Red Moon Res V 851 Red Pine Expl V Redhawk Res V 65 Redstar Gold* O 249 Redstar Gold V 449 O 90 Redzone Res* Redzone Res V 84 Regency Gold V 2 Regulus Res V 153 O 65 Renaissance Gd* V 76 Renaissance Gd Renforth Res 144 Resolve Vent V 155 V 1066 Resource Cap O 28 Resource Cap* Reunion Gold V 884 Revelo Res V 491 68 Revival Gold * O Revival Gold V 142 Richmond Mnls V 13 Rift Valley 65 O 371661 Rimrock Gold* Rio Silver V 31 Rio Tinto* N 15829 O 0 Rio Tinto* Rio Tinto* O 1 231 Rise Gold Corp 3 River Wild Exp Riverside Res V 271 Riverside Res* O 241 Rizal Res V 394 RJK Explor V 1863 RJK Explor* O 162 Robex Res V 276 V 125 Rochester Res O 55 Rochester Res* 12 Rock Tech Lith* O 76 Rock Tech Lith V Rockcliff Met V 279 Rockcliff Met* O 5 Rockex Mng 25 V 159 Rockhaven Res V 1 Rockridge Res O 88 Rockshield Cap* Rockshield Cap 73 V 3 Rockwealth Res Rodinia Lithm V 157 Rogue Res* O 0 Rogue Res V 44 Rokmaster Res* O 7 V 17 Rokmaster Res Romios Gold Rs V 1138 48 Romios Gold Rs* O RosCan Mrnls V 179 Rosita Mg Corp* O 139 Rosita Mg Corp V 1587 V 11 Ross River Ross River* O 76 Rotation Mnls V 181 Roughrider Exp V 27 Rover Metals V 464 T 2051 Roxgold Roxgold* O 49 Royal Gold* D 2373 Royal Mines &M* O 1500 Royal Nickel T 1751 Royal Nickel* O 188 322 Royal Rd Mnrls V RT Minerals* O 9 RT Minerals V 77 RTG Mining T 316 O 113 Rubicon Mnrls* T 75 Rubicon Mnrls Rugby Mng V 72 10 Running Fox Rs V Rupert Res V 262 Rusoro Mng* O 49 Rusoro Mng V 1255

0.12 0.00 0.12 unch 0.00 0.17 0.09 0.09 0.00 0.09 + 0.00 0.13 0.07 0.12 0.12 0.12 - 0.01 0.25 0.11 0.11 0.10 0.11 + 0.01 0.16 0.09 0.01 0.01 0.01 unch 0.00 0.02 0.00 8.49 0.00 8.49 + 0.49 9.45 3.68 0.02 0.01 0.01 unch 0.00 0.08 0.01 0.02 0.00 0.02 unch 0.00 0.10 0.02 0.07 0.06 0.06 - 0.01 0.20 0.06 72.56 69.02 69.97 - 3.01 108.29 70.44 0.02 0.01 0.01 - 0.01 0.02 0.01 0.14 0.12 0.14 + 0.01 0.44 0.07 0.13 0.12 0.12 unch 0.00 0.21 0.10 0.62 0.43 0.50 + 0.02 2.10 0.38 0.00 0.00 0.00 + 0.00 0.00 0.00 0.18 0.16 0.16 - 0.01 0.36 0.16 0.13 0.00 0.13 - 0.00 0.29 0.12 0.09 0.08 0.09 + 0.02 0.16 0.04 0.07 0.06 0.06 unch 0.00 0.14 0.06 0.06 0.05 0.05 unch 0.00 0.08 0.04 0.03 0.02 0.03 + 0.00 0.10 0.02 0.04 0.03 0.04 + 0.01 0.12 0.03 0.16 0.16 0.16 unch 0.00 0.57 0.08 0.20 0.19 0.20 unch 0.00 0.75 0.10 0.15 0.00 0.15 unch 0.00 0.28 0.10 2.30 1.84 2.07 + 0.22 3.00 1.51 0.17 0.14 0.16 + 0.01 0.38 0.13 0.20 0.00 0.19 - 0.01 0.48 0.17 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.07 0.06 0.07 + 0.01 0.69 0.06 0.04 0.04 0.04 - 0.01 0.17 0.04 0.02 0.02 0.02 unch 0.00 0.13 0.02 0.17 0.12 0.15 - 0.01 0.18 0.11 0.02 0.01 0.02 unch 0.00 0.06 0.01 0.65 0.59 0.59 - 0.03 0.73 0.42 0.80 0.76 0.78 - 0.02 0.99 0.50 0.04 0.04 0.04 unch 0.00 0.18 0.04 0.07 0.05 0.07 + 0.02 0.15 0.05 0.00 0.00 0.00 - 0.00 0.00 0.00 0.06 0.00 0.04 - 0.01 0.07 0.04 52.76 49.03 49.53 - 3.17 60.72 43.88 52.15 0.00 50.88 - 1.27 60.00 44.95 57.85 53.39 53.39 - 4.79 65.30 49.39 0.10 0.08 0.09 unch 0.00 0.21 0.07 0.02 0.02 0.02 unch 0.00 0.22 0.02 0.29 0.25 0.25 - 0.02 0.40 0.22 0.22 0.19 0.19 - 0.02 0.42 0.16 0.03 0.02 0.03 + 0.01 0.06 0.01 0.21 0.05 0.20 + 0.15 0.18 0.05 0.12 0.04 0.12 + 0.08 0.12 0.03 0.12 0.11 0.12 + 0.01 0.14 0.08 0.03 0.03 0.03 unch 0.00 0.09 0.03 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.82 0.78 0.82 + 0.04 1.66 0.78 1.11 0.84 1.02 + 0.14 2.16 0.84 0.05 0.04 0.05 + 0.01 0.12 0.03 0.02 0.02 0.02 - 0.01 0.10 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.01 0.17 0.15 0.16 - 0.01 0.19 0.12 0.00 0.00 0.26 unch 0.00 0.50 0.22 0.14 0.12 0.13 + 0.01 0.67 0.08 0.18 0.00 0.17 - 0.01 0.84 0.10 0.13 0.13 0.13 unch 0.00 0.30 0.12 0.11 0.10 0.10 unch 0.00 0.46 0.08 0.00 0.00 0.19 unch 0.00 0.43 0.16 0.23 0.00 0.22 - 0.01 0.54 0.18 0.07 0.06 0.06 - 0.01 0.09 0.02 0.09 0.09 0.09 - 0.01 0.28 0.08 0.07 0.05 0.06 + 0.01 0.09 0.05 0.05 0.05 0.05 + 0.01 0.07 0.03 0.08 0.06 0.06 - 0.02 0.10 0.05 0.03 0.03 0.03 + 0.00 0.06 0.01 0.06 0.04 0.06 + 0.03 0.12 0.02 0.26 0.00 0.26 unch 0.00 0.50 0.10 0.08 0.07 0.07 unch 0.00 0.14 0.00 0.12 0.11 0.11 - 0.01 0.45 0.11 0.14 0.14 0.14 + 0.01 0.58 0.13 0.07 0.05 0.06 - 0.01 0.11 0.05 1.01 0.96 0.97 unch 0.00 1.44 0.97 0.78 0.75 0.75 - 0.01 1.13 0.75 85.19 81.80 82.84 - 1.00 98.53 78.25 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.10 0.09 0.09 unch 0.00 0.38 0.09 0.09 0.07 0.08 + 0.00 0.31 0.06 0.09 0.09 0.09 unch 0.00 0.18 0.07 0.06 0.06 0.06 unch 0.00 0.13 0.00 0.10 0.08 0.10 + 0.02 1.10 0.08 0.11 0.10 0.10 unch 0.00 0.55 0.09 1.04 0.94 0.95 - 0.04 1.48 0.81 1.36 1.22 1.23 - 0.06 1.88 1.05 0.27 0.22 0.22 - 0.05 0.50 0.22 0.03 0.03 0.03 unch 0.00 0.04 0.01 1.00 0.95 0.97 - 0.01 1.46 0.68 0.05 0.05 0.05 - 0.00 0.12 0.05 0.08 0.07 0.08 unch 0.00 0.16 0.06

Sabina Gd&Slvr T 608 O 442 Sabina Gd&Slvr* Sable Res* O 85 Sable Res V 240 Sage Gold* O 5 Sailfish Rylty V 13 Saint Jean* O 19 Saint Jean V 396 Salazar Res* O 11 Salazar Res V 364 1 Salt Lake Pot* O Sama Res V 318 Sama Res* O 132

1.47 1.31 1.38 - 0.08 2.70 1.37 1.12 1.00 1.04 - 0.07 2.17 1.05 0.22 0.20 0.20 - 0.02 0.23 0.12 0.27 0.22 0.26 + 0.03 0.35 0.13 0.00 0.00 0.00 unch 0.00 0.20 0.00 1.29 1.05 1.05 - 0.23 3.07 1.00 0.03 0.02 0.03 unch 0.00 0.05 0.01 0.04 0.03 0.04 unch 0.00 0.24 0.03 0.10 0.10 0.10 - 0.00 0.12 0.08 0.13 0.13 0.13 - 0.01 0.18 0.08 0.35 0.35 0.35 unch 0.00 0.47 0.28 0.32 0.29 0.30 - 0.02 0.50 0.13 0.25 0.22 0.22 - 0.03 0.41 0.10

R

S

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Samco Gold V 36 Samex Mng* O 127 San Gold Corp* O 1583 San Marco Res* O 104 403 San Marco Res V V 197 Sanatana Diam Sandfire Res V 63 Sandfire Res* O 120 O 60 Sandspring Res* V 201 Sandspring Res T 1238 Sandstorm Gold X 3686 Sandstorm Gold* 54 Sandy Lake Gld* O 68 Sandy Lake Gld V Santa Fe Gold* O 281 V 416 Santacruz Silv Sarama Res V 229 Sarissa Res* O 3857 Satori Res V 48 Satori Res* O 100 Saturn Mnrls V 3046 Savary Gold V 123 Savary Gold* O 30 Saville Res V 545 247 Scandium Intl T O 32 Scandium Intl* Scorpio Gold V 178 ScoZinc Mg V 14 ScoZinc Mg* O 1 Seabridge Gld T 449 Seabridge Gld* N 1923 Seafield Res* O 571 Search Mnls V 731 Searchlight* O 253 Searchlight V 92 Searchlight* O 0 Secova Mtls* O 85 Secova Mtls V 203 Sego Res V 57 Select Sands V 1241 T 3848 Semafo O 0 Senator Mnrls* Senator Mnrls V 162 V 45 Sennen Potash Serabi Gold T 16 Serengeti Res V 124 Shamrock Ent 548 Sherritt Intl T 6990 V 400 Shoshoni Gold N 9994 Sibanye Gold* O 2 Sibanye Gold* O 83 Sidney Resrces* Sienna Res* O 31 Sienna Res V 294 Sierra Metals* X 160 Sierra Metals T 40 V 137 Sigma Lithium O 11 Signature Res* Signature Res V 30 260 Silver Bear Rs T 28 Silver Bear Rs* O Silver Bull Re* O 2944 404 T Re Bull Silver O 62 Silver Dragon* Silver Grail V 140 21 Silver Mtn Mns V O 24 Silver Predatr* Silver Predatr V 88 Silver Range* O 67 Silver Range V 87 Silver Scott* O 16 O 9 Silver Spruce* Silver Spruce V 136 Silver Viper V 101 Silver Viper* O 500 N 6750 Silver Wheaton* Silver Wheaton T 2327 T 999 Silvercorp Met X 1483 Silvercorp Met* O 164 SilverCrest Mt* SilverCrest Mt V 326 O 125 Silverstar Res* Sirios Res V 599 Sirios Res* O 1 Skeena Res V 865 Skeena Res* O 89 O 520 Skyharbour Res* V 934 Skyharbour Res Slam Explor* O 8 Slam Explor V 3495 O 220 Sojourn Explor* V 202 Sojourn Explor O 1343 Sokoman Iron* 47919 Sokoman Iron V SolGold plc* O 66 SolGold plc T 81 T 14 Solitario Ex&R X 396 Solitario Ex&R* Solstice Gold V 952 109 Sonora Gld & S V Sonoro Mtls V 53 Southern Arc* O 12 Southern Arc V 1 N 4229 Southern Copp* O 178 Southern Silvr* Southern Silvr V 142 T 18 SouthGobi Res 252 Spanish Mtn Gd V 33 Spanish Mtn Gd* O Sparton Res V 384 Sparton Res* O 278 O 95 Spearmint Res* 16198 V Spearmint Res Sphinx Res V 1240 Sprott Res Hld T 1562 620 Spruce Ridge R V SRG Graphite V 53 SSR Mining* D 3364 SSR Mining T 788 St Augustine T 61 10 St Elias Mns* O O 20 St-Georges Eco* St-Georges Eco 3940 O 19 Stakeholdr Gld* V 69 Stakeholdr Gld O 958 Standard Graph* Standard Lith V 977 O 36 Standard Metal* Stans Energy V 577 O 325 Stans Energy* O 39 Star Diamond* Star Diamond T 532 Star Gold* O 2 Starcore Intl T 57 75 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 6 Stellar Africa V 481 Stelmine Can V 81 Steppe Gold T 59 Sterling Grp* O 2 T 461 Stornoway Diam O 5 Stornoway Diam* Stratabd Mnr V 515 Strateco Res* O 90 Strategic Metl V 191 O 127 Strategic Metl* Strategic Res V 0 O 0 Strategic Res* Stria Lithium V 177 V 92 Strikepoint Gd O 56 Strikepoint Gd* V 291 Strongbow Expl O 2 Strongbow Expl* Stroud Res V 51 Sulliden Mng T 153 Sun Metals V 215 Suncor Energy T 10682 N 11855 Suncor Energy* V 7791 Sunvest Mnrls O 148 Sunvest Mnrls* O 19 Superior Gold* Superior Gold V 192 Superior Mng V 12 Supreme Metals 501 1 Surge Copper * O Surge Copper V 91 Surge Explor* O 5 Surge Explor V 85 Sutter Gold* O 197 Sutter Gold V 490 Syrah Res* O 143

0.02 unch 0.00 0.11 0.05 0.04 0.05 0.00 0.00 0.00 0.00 - 0.00 0.00 0.01 0.00 0.01 + 0.01 0.01 0.00 0.13 0.11 0.13 + 0.01 0.23 0.09 0.17 0.13 0.16 + 0.02 0.30 0.12 0.03 0.04 0.04 0.04 - 0.01 0.07 0.06 0.11 0.10 0.11 + 0.01 0.12 0.05 0.08 0.06 0.08 - 0.00 0.10 0.15 0.20 0.16 0.19 + 0.01 0.39 0.20 0.25 0.22 0.24 + 0.02 0.46 5.40 5.64 5.49 5.56 - 0.02 6.95 4.20 4.38 4.18 4.22 - 0.06 5.64 0.10 0.08 0.08 - 0.02 0.10 0.03 0.11 0.10 0.11 + 0.01 0.13 0.04 0.10 0.09 0.10 + 0.00 0.20 0.05 0.09 0.11 0.09 0.10 + 0.01 0.26 0.08 unch 0.00 0.18 0.10 0.10 0.10 0.00 0.00 0.00 0.00 - 0.00 0.01 0.06 0.07 0.06 0.06 - 0.01 0.18 0.05 unch 0.00 0.13 0.05 0.05 0.05 0.08 0.24 0.16 0.23 + 0.02 0.24 0.04 0.06 0.05 0.05 - 0.01 0.08 0.03 unch 0.00 0.06 0.04 0.04 0.04 0.05 0.07 0.05 0.05 - 0.01 0.16 0.18 0.17 0.18 unch 0.00 0.43 0.13 0.11 0.14 0.13 0.13 - 0.01 0.35 0.02 unch 0.00 0.07 0.03 0.02 0.02 0.76 unch 0.00 1.75 0.89 0.89 0.89 0.65 unch 0.00 1.44 0.65 0.65 0.65 12.61 17.26 14.77 15.96 + 0.78 17.65 13.20 11.25 12.20 + 0.50 13.70 9.80 0.00 unch 0.00 0.03 0.00 0.00 0.00 0.03 0.06 0.05 0.05 - 0.01 0.09 0.01 0.02 0.02 0.02 + 0.00 0.06 0.04 0.05 0.04 0.04 - 0.01 0.29 0.01 0.00 0.22 0.04 - 0.04 0.00 0.01 0.07 0.06 0.06 - 0.01 0.10 0.08 unch 0.00 0.55 0.09 0.09 0.09 0.03 0.06 0.05 0.05 - 0.01 0.09 0.33 0.44 0.42 0.43 + 0.01 0.69 3.05 3.71 3.30 3.37 - 0.28 4.14 0.11 unch 0.00 1.57 0.00 0.00 0.11 0.09 0.10 0.09 0.10 - 0.01 1.99 0.30 unch 0.00 1.00 0.45 0.45 0.45 0.84 1.04 0.00 0.94 - 0.06 1.60 0.13 0.16 0.15 0.15 - 0.01 0.26 0.03 0.05 0.04 0.05 + 0.01 0.08 0.78 0.92 0.84 0.84 - 0.06 1.87 0.04 unch 0.00 0.08 0.08 0.08 0.08 2.07 2.67 2.45 2.55 - 0.10 6.50 0.63 unch 0.00 1.34 0.69 0.69 0.69 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.06 0.10 0.07 0.07 - 0.01 0.32 0.08 unch 0.00 0.39 0.10 0.08 0.09 2.13 2.72 2.51 2.52 - 0.08 3.00 2.75 3.48 3.25 3.29 - 0.11 3.85 0.95 1.99 1.84 1.92 - 0.07 2.20 0.04 0.07 0.06 0.06 - 0.01 0.11 0.05 0.10 0.09 0.10 + 0.01 0.14 0.20 0.17 0.18 - 0.02 0.32 0.12 0.16 0.14 0.15 - 0.00 0.26 0.08 0.13 0.11 0.11 - 0.01 0.23 0.07 0.16 0.15 0.15 unch 0.00 0.29 0.10 0.00 0.01 0.00 0.01 - 0.00 0.02 0.06 0.08 0.07 0.07 - 0.02 0.13 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.05 0.06 0.00 0.06 + 0.00 0.22 0.07 0.10 0.08 0.09 - 0.01 0.25 0.09 0.13 0.11 0.12 - 0.01 0.18 0.12 0.17 0.16 0.16 - 0.01 0.21 0.01 0.02 0.02 0.02 - 0.01 0.24 0.02 unch 0.00 0.06 0.00 0.00 0.03 0.03 unch 0.00 0.08 0.05 0.04 0.05 0.12 0.15 0.12 0.13 - 0.02 0.30 0.12 unch 0.00 0.12 0.12 0.12 0.12 18.32 21.21 20.62 20.83 - 0.35 22.87 23.18 27.69 26.85 27.31 - 0.23 29.93 2.72 3.73 3.47 3.58 - 0.01 4.24 2.12 2.86 2.69 2.72 - 0.05 3.43 0.84 2.67 2.38 2.39 - 0.07 2.76 1.05 3.27 3.10 3.15 - 0.03 3.58 0.05 0.09 0.08 0.09 + 0.01 3.36 0.15 0.25 0.17 0.19 + 0.02 0.41 0.12 0.14 0.13 0.13 - 0.02 0.32 0.31 0.03 0.80 0.37 0.31 0.33 - 0.24 0.29 0.24 0.25 - 0.03 0.66 0.24 0.37 0.33 0.34 + 0.00 0.42 0.31 unch 0.00 0.55 0.48 0.43 0.45 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.03 unch 0.00 0.07 0.05 0.03 0.03 0.08 unch 0.00 0.21 0.09 0.08 0.09 0.11 0.12 0.11 0.12 - 0.01 0.30 0.02 0.45 0.24 0.28 - 0.04 0.45 0.03 0.58 0.30 0.35 - 0.08 0.58 0.28 0.31 0.28 0.28 - 0.01 0.55 0.32 0.41 0.38 0.41 + 0.01 0.86 0.48 unch 0.00 1.04 0.51 0.45 0.50 0.36 0.42 0.36 0.39 - 0.00 0.83 0.17 0.20 0.17 0.17 - 0.03 0.38 0.09 0.09 0.09 unch 0.00 0.20 0.05 0.10 unch 0.00 0.20 0.10 0.10 0.10 0.29 0.32 0.29 0.32 + 0.02 0.65 0.36 unch 0.00 0.90 0.00 0.00 0.43 37.13 47.19 44.54 45.31 - 2.26 58.09 0.14 0.19 0.14 0.16 - 0.03 0.35 0.20 0.23 0.20 0.20 - 0.02 0.42 0.10 unch 0.00 0.27 0.13 0.00 0.13 0.08 0.07 0.08 + 0.01 0.16 0.07 0.06 0.05 0.06 + 0.01 0.13 0.05 0.03 0.06 0.05 0.06 - 0.01 0.14 0.02 0.05 0.03 0.04 - 0.01 0.11 0.02 0.04 0.02 0.04 + 0.01 0.11 0.02 0.06 0.02 0.05 + 0.03 0.14 0.04 0.05 0.04 0.04 - 0.01 0.08 0.11 0.10 0.10 - 0.01 0.17 0.10 0.04 0.03 0.04 unch 0.00 0.06 0.01 0.45 1.16 0.96 0.99 - 0.17 2.25 10.94 9.97 10.27 - 0.09 11.44 7.64 14.30 13.03 13.50 + 0.03 14.62 9.66 0.02 unch 0.00 0.04 0.03 0.03 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.11 0.16 0.13 0.13 - 0.03 2.20 0.02 0.21 0.13 0.15 - 0.05 2.90 0.05 0.06 0.05 0.05 - 0.01 0.45 0.07 0.09 0.07 0.08 + 0.01 0.64 0.18 0.97 0.87 0.90 - 0.01 1.13 0.90 1.14 0.95 1.04 + 0.03 2.85 0.02 0.20 0.15 0.19 - 0.01 0.23 0.03 unch 0.00 0.05 0.03 0.03 0.03 0.01 0.03 0.01 0.03 + 0.01 0.04 0.12 0.17 0.15 0.17 + 0.02 0.20 0.15 0.23 0.21 0.22 - 0.01 0.25 0.05 unch 0.00 0.11 0.05 0.00 0.05 0.11 0.14 0.13 0.14 + 0.01 0.41 0.12 0.00 0.12 + 0.01 0.19 0.10 0.96 unch 0.00 1.98 0.00 0.00 0.96 0.03 unch 0.00 0.05 0.03 0.03 0.03 0.03 0.05 0.04 0.04 - 0.01 0.07 0.14 0.19 0.16 0.18 - 0.01 0.45 0.86 1.44 1.25 1.29 - 0.05 2.01 0.03 0.04 0.03 0.04 + 0.01 0.10 0.42 0.43 0.42 0.43 + 0.01 0.82 0.30 0.33 0.30 0.32 - 0.01 0.64 0.01 0.06 0.05 0.06 + 0.01 0.08 0.00 0.01 0.00 0.01 + 0.00 0.02 0.40 0.43 0.40 0.40 - 0.03 0.58 0.29 0.35 0.29 0.33 + 0.00 0.46 0.10 unch 0.00 0.25 0.00 0.00 0.20 0.11 unch 0.00 0.14 0.14 0.14 0.14 0.03 0.04 0.04 0.04 + 0.01 0.08 0.15 unch 0.00 0.50 0.22 0.20 0.21 0.11 0.17 0.15 0.16 - 0.00 0.40 0.13 0.19 0.17 0.19 + 0.02 0.28 0.12 0.14 0.13 0.14 + 0.00 0.22 0.01 0.02 0.01 0.01 - 0.01 0.03 0.24 0.28 0.25 0.28 + 0.02 0.65 0.12 0.16 0.14 0.16 + 0.02 0.40 38.34 54.84 52.94 53.40 - 0.32 55.47 30.68 42.24 40.51 40.72 - 0.66 42.55 0.06 0.10 0.06 0.09 + 0.03 0.14 0.04 0.06 0.04 0.06 + 0.02 0.18 0.69 1.04 0.98 0.99 - 0.04 1.28 0.85 1.36 1.28 1.32 - 0.02 1.62 0.04 unch 0.00 0.09 0.08 0.08 0.08 0.02 unch 0.00 0.08 0.03 0.03 0.03 0.09 0.00 0.09 unch 0.00 0.21 0.07 0.09 0.13 0.11 0.11 - 0.01 0.26 0.09 0.13 0.11 0.11 - 0.01 0.36 0.13 unch 0.00 0.28 0.16 0.00 0.15 0.01 0.01 0.01 0.01 - 0.00 0.03 0.02 unch 0.00 0.04 0.02 0.02 0.02 1.96 2.11 1.85 1.86 - 0.24 3.85

T 3.76 Tahoe Res* N 7715 4.49 4.27 4.34 - 0.12 7.00

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / AUGUST 20–SEPTEMBER 2, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Tahoe Res T 1832 Taiga Gold 101 Taiga Gold* O 92 Tajiri Res V 88 Taku Gold* O 15 Taku Gold 710 Talmora Diamd 303 Talon Metals T 293 Tamerlane Vent* O 983 O 8642 Tamino Mnrls* V 31 Tanager Energy Tango Mining V 1047 V 509 Tanqueray Expl Tantalex Res 721 O 50 Tanzania Mnls* Tanzania Mnls V 25 Tanzania Rlty* X 296 Tanzania Rlty T 72 Taranis Res* O 25 Taranis Res V 27 Tarku Res V 165 Tartisan Nick* O 0 Tartisan Nick 188 Tasca Res V 12712 Tasca Res* O 178 Taseko Mines T 2365 X 6506 Taseko Mines* T 5040 Teck Res Teck Res T 5 Teck Res* N 6685 67 Telson Res * O Telson Res V 167 Tembo Gold V 50 Tembo Gold* O 12 Teranga Gold T 1064 O 104 Teranga Gold* Teras Res V 208 Teras Res* O 170 Terraco Gold V 155 Terrax Mnrls* O 54 Terrax Mnrls V 224 Terreno Res V 93 391 Teslin Rvr Res V Tesoro Mnrls V 20 Tesoro Mnrls* O 250 Tethyan Res V 5 Teuton Res V 360 Teuton Res* O 176 Texas Mineral* O 467 Themac Res V 22 Thor Expl V 354 31 Thunder Mtn Gd V 45 Thunder Mtn Gd* O Thunderstruck V 323 O 91 Thunderstruck* Tiger Intl V 150 Till Capital V 2 V 230 Timberline Res Timberline Res* O 397 Timmins Gold T 1449 X 1585 Timmins Gold* Tinka Res V 861 Tinka Res* O 150 Titan Mining T 397 Titanium Corp V 60 O 7 TMAC Resource* 166 TMAC Resources T TNR Gold V 360 Toachi Mg Inc V 939 Tolima Gold V 1283 TomaGold V 106 O 151 Tombstone Expl* O 106 Tonogold Res* Torex Gold* O 101

5.90 5.61 5.70 - 0.08 8.50 4.75 0.14 0.10 0.13 + 0.02 0.21 0.10 0.10 0.07 0.10 + 0.02 0.16 0.07 0.12 0.11 0.11 - 0.01 0.18 0.08 0.04 0.04 0.04 unch 0.00 0.14 0.03 0.05 0.04 0.04 unch 0.00 0.24 0.04 0.06 0.02 0.03 - 0.02 0.05 0.01 0.12 0.09 0.12 + 0.02 0.15 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.09 0.08 0.09 + 0.01 0.17 0.05 0.03 0.03 0.03 - 0.01 0.06 0.03 1.13 1.01 1.05 - 0.08 1.32 0.33 0.12 0.10 0.10 - 0.02 0.25 0.03 0.15 0.15 0.15 unch 0.00 0.15 0.12 0.22 0.22 0.22 unch 0.00 1.20 0.12 0.44 0.41 0.41 - 0.03 0.68 0.24 0.61 0.54 0.56 - 0.02 0.89 0.31 0.08 0.08 0.08 unch 0.00 0.11 0.03 0.11 0.08 0.11 unch 0.00 0.14 0.07 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.00 0.00 0.05 unch 0.00 0.09 0.05 0.07 0.00 0.07 unch 0.00 0.16 0.06 0.13 0.07 0.09 - 0.02 0.62 0.06 0.10 0.06 0.06 - 0.01 0.38 0.07 1.08 0.93 1.01 - 0.04 2.98 0.94 0.80 0.70 0.77 - 0.02 2.46 0.70 33.25 31.81 31.92 - 0.30 39.08 25.60 33.03 0.00 32.09 - 0.14 39.00 25.75 25.61 24.24 24.33 - 0.53 30.80 20.06 0.50 0.42 0.42 - 0.07 0.74 0.29 0.66 0.56 0.59 - 0.05 1.00 0.37 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 4.55 3.95 4.02 - 0.11 5.63 2.36 3.24 3.02 3.05 - 0.16 6.40 1.83 0.08 0.06 0.08 + 0.02 0.14 0.06 0.06 0.05 0.06 unch 0.00 0.11 0.05 0.09 0.08 0.08 - 0.01 0.12 0.08 0.31 0.28 0.29 + 0.01 0.51 0.25 0.41 0.37 0.39 + 0.02 0.62 0.33 0.05 0.04 0.04 unch 0.00 0.18 0.03 0.48 0.43 0.45 - 0.02 0.68 0.33 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.04 0.04 0.04 unch 0.00 0.06 0.04 0.22 0.20 0.20 - 0.03 0.57 0.17 0.24 0.20 0.23 + 0.02 0.32 0.15 0.18 0.16 0.18 + 0.02 0.25 0.12 0.25 0.10 0.20 - 0.04 0.35 0.10 0.07 0.00 0.07 unch 0.00 0.10 0.03 0.19 0.16 0.19 + 0.01 0.23 0.09 0.15 0.15 0.15 unch 0.00 0.32 0.15 0.13 0.11 0.13 + 0.02 0.30 0.10 0.06 0.05 0.06 + 0.01 0.13 0.05 0.06 0.04 0.04 - 0.01 0.15 0.04 0.06 0.06 0.06 unch 0.00 0.17 0.04 2.10 2.00 2.00 - 0.10 5.60 1.90 0.13 0.10 0.13 + 0.01 0.50 0.08 0.13 0.08 0.11 + 0.02 0.43 0.06 1.78 1.33 1.36 - 0.39 6.05 1.60 1.36 1.02 1.05 - 0.30 4.94 1.23 0.49 0.43 0.43 - 0.03 0.87 0.40 0.38 0.00 0.34 - 0.01 0.75 0.31 1.29 1.25 1.28 unch 0.00 1.65 0.92 0.82 0.71 0.74 - 0.06 1.50 0.70 5.56 4.88 4.88 - 0.67 9.24 4.04 7.35 6.33 6.41 - 0.78 11.69 5.19 0.05 0.00 0.05 + 0.01 0.09 0.03 0.13 0.10 0.12 - 0.02 0.47 0.10 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.07 0.06 0.06 - 0.01 0.10 0.05 0.01 0.00 0.01 + 0.00 0.01 0.00 0.12 0.09 0.12 + 0.00 0.40 0.04 7.66 6.43 6.67 - 0.40 18.11 5.73

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Torex Gold T 1546 V 185 Torq Resources O 41 Torq Resources* Tower Res* O 48 Tower Res V 138 V 125 Transatlan Mng Transition Mtl V 179 T 354 Treasury Metal Treasury Metal* O 44 Trecora Res* N 155 Trek Mining V 2573 Tres-Or Res V 201 Trevali Mng* O 225 Trevali Mng T 5792 177 Tri Origin Exp V Trident Gold V 10 Trifecta Gold* O 25 Trifecta Gold V 319 Trigen Res* O 19 Trilogy Mtls T 17 Trilogy Mtls* X 361 O 37 TriMetals Mng* O 40 TriMetals Mng* TriMetals Mng T 417 Trinity Res* O 0 Trinity Valley V 94 O 165 Trio Resources* TriStar Gold* O 223 TriStar Gold V 1076 Triumph Gold V 730 O 171 Triumph Gold* Troilus Gold V 20 V 4 Troubadour Res Troy Enrgy V 152 Troy Res* O 5 Troymet Expl V 926 True Grit Res V 4602 154 True North Gem V Trueclaim Expl V 8 Tsodilo Res V 30 16 Tudor Gold * O Tudor Gold V 126 Turquoise HIl T 6087 Turquoise HIl* N 22809 TVI Pacific* O 97 TVI Pacific V 372 Tyhee Gold* O 18 Typhoon Expl V 385

9.59 8.39 8.78 - 0.48 22.01 7.29 0.48 0.43 0.45 - 0.03 0.78 0.43 0.37 0.32 0.35 - 0.01 1.10 0.32 0.10 0.07 0.07 - 0.02 0.16 0.07 0.11 0.10 0.11 unch 0.00 0.20 0.10 0.04 0.00 0.03 - 0.01 0.10 0.03 0.12 0.11 0.12 - 0.01 0.20 0.11 0.40 0.36 0.36 - 0.02 0.77 0.36 0.30 0.27 0.29 - 0.00 0.65 0.27 13.35 12.45 13.30 + 0.35 15.60 10.25 1.03 1.00 1.00 unch 0.00 1.39 0.88 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.61 0.54 0.55 - 0.04 1.37 0.55 0.78 0.71 0.71 - 0.05 1.75 0.73 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.14 0.14 0.14 unch 0.00 0.22 0.14 0.08 0.05 0.05 - 0.03 0.19 0.05 0.09 0.08 0.08 - 0.01 0.22 0.07 0.27 0.24 0.27 + 0.02 1.01 0.22 2.55 0.00 2.34 - 0.21 2.60 0.90 1.95 1.80 1.81 - 0.12 2.01 0.69 0.15 0.13 0.14 + 0.00 0.20 0.11 0.07 0.05 0.05 - 0.02 0.18 0.05 0.09 0.07 0.08 - 0.01 0.23 0.08 0.01 0.00 0.01 + 0.00 0.10 0.01 0.05 0.05 0.05 unch 0.00 0.16 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.16 0.15 0.15 - 0.01 0.30 0.13 0.20 0.19 0.19 - 0.01 0.38 0.18 0.48 0.39 0.41 - 0.04 0.57 0.26 0.38 0.29 0.31 - 0.03 0.46 0.20 1.23 1.01 1.15 - 0.05 2.25 1.01 0.12 0.12 0.12 - 0.02 0.16 0.12 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.10 0.10 0.10 unch 0.00 0.13 0.06 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.07 0.04 0.05 - 0.01 0.07 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.15 0.00 0.15 unch 0.00 0.30 0.07 0.50 0.42 0.42 - 0.07 0.83 0.42 0.28 0.26 0.26 - 0.01 0.71 0.24 0.35 0.34 0.34 - 0.01 0.94 0.31 3.42 3.19 3.25 - 0.09 4.52 3.20 2.60 2.43 2.48 - 0.11 3.59 2.46 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.02 0.01 0.01 - 0.01 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.05 0.05 unch 0.00 0.10 0.04

U.S. Lithium* O 886 U3O8 Corp* O 30 U3O8 Corp T 98 UC Res* O 29 429 Ucore Rare Mtl V Ucore Rare Mtl* O 731 UEX Corp T 1514 Ultra Lithium* O 0 Ultra Lithium V 259 O 160 Umbral Enrgy* Unigold* O 14 V 19 Unigold United Lithium 5 United Res Hdg* O 59 United Silver* O 822 United States A* X 1032 United States S* N 54259 Unity Energy V 114 Unity Energy* O 6 V 456 Universal Vent V 29 Upper Canyon Ur-Energy T 1163 22383 Ur-Energy* X

0.02 0.02 0.02 - 0.00 0.06 0.01 0.24 0.22 0.22 - 0.03 0.49 0.18 0.30 0.28 0.28 - 0.03 0.60 0.21 0.00 0.00 0.00 unch 0.00 0.20 0.00 0.25 0.22 0.23 - 0.01 0.31 0.17 0.20 0.17 0.17 - 0.01 0.26 0.13 0.24 0.21 0.21 - 0.02 0.41 0.15 0.17 0.17 0.17 unch 0.00 0.63 0.12 0.20 0.18 0.18 - 0.02 0.80 0.15 0.22 0.19 0.19 - 0.02 0.64 0.07 0.12 0.12 0.12 unch 0.00 0.21 0.12 0.18 0.17 0.17 - 0.02 0.29 0.15 0.71 0.00 0.71 + 0.21 0.71 0.40 0.03 0.02 0.03 unch 0.00 0.07 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.79 0.55 0.59 - 0.04 0.79 0.20 32.09 29.40 29.97 - 2.33 47.64 22.94 0.14 0.12 0.14 + 0.03 0.23 0.10 0.12 0.12 0.12 unch 0.00 0.19 0.08 0.62 0.53 0.60 + 0.07 0.63 0.31 0.38 0.00 0.26 - 0.13 0.40 0.03 1.13 0.93 0.95 - 0.14 1.13 0.62 0.91 0.70 0.71 - 0.13 0.91 0.50

U-V

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Uracan Res V 483 Uracan Res* O 12 Uragold Bay Rs V 1027 X 5678 Uranium Energy* O 0 Uranium Hunter* Uranium Res* D 2504 Uravan Mnrls V 497 US Energy* D 350 US Precious M* O 1578 USCorp* O 12 N 96643 Vale* ValGold Res V 317 Valley High Mg* O 732 ValOre Metals V 207 O 8 ValOre Metals* Valoro Res V 113 Valoro Res* O 2 Valterra Res V 106 Valterra Res* O 209 V 276 Vanadium One O 471 Vanadiumcorp* Vangold Res* O 135 Vangold Res V 387 188 Vanstar Mng Rs V Vantex Res* O 1 Vantex Res V 23 Vatic Vent V 124 Vatic Vent* O 135 N 2682 Vedanta* O 14 Velocity Mnrls* Velocity Mnrls V 395 Vendetta Mng V 1794 O 162 Vendetta Mng* V 4 Venerable Vent O 75 Venture Mnrls* Verde Potash T 497 Verde Res* O 40 Veris Gold* O 10 Vertical Expl V 1696 Victoria Gold V 558 O 7 Victory Nickel* Victory Nickel 28 Victory Res V 106 Victory Res* O 8 Victory Vent* O 98 Victory Vent V 478 O 22 Virginia Enrgy* Virginia Enrgy V 88 Viscount Mng V 46 564 Visible Gold M V O 55 Vision Lithium* Vision Lithium V 257 Vista Gold T 17 Vista Gold* X 654 Viva Gold* O 28 Viva Gold V 159 Volcanic Gold V 317 Volt Energy V 180 Voltaic Min V 457 Voyageur Min V 137 O 61 VR Resources* VR Resources V 309 Vulcan Mnrls V 407 VVC Expl V 193

0.02 0.03 0.02 0.03 - 0.01 0.04 0.01 unch 0.00 0.09 0.01 0.00 0.01 0.10 0.08 0.09 - 0.01 0.14 0.08 0.96 1.89 1.71 1.71 - 0.06 2.00 0.50 unch 0.00 2.09 0.00 0.00 1.50 0.30 0.36 0.30 0.33 - 0.02 1.70 0.04 0.05 0.04 0.05 + 0.01 0.08 0.69 1.20 1.05 1.07 - 0.10 1.96 0.00 0.00 0.00 - 0.00 0.01 0.00 0.00 0.01 0.00 0.01 + 0.00 0.02 14.44 13.15 13.39 - 0.80 15.24 9.53 0.05 unch 0.00 0.14 0.13 0.12 0.13 0.01 0.00 0.01 - 0.00 0.04 0.00 0.52 0.63 0.52 0.52 - 0.06 1.25 0.40 unch 0.00 0.48 0.45 0.44 0.44 0.13 0.15 0.13 0.13 - 0.02 0.90 0.10 0.10 0.10 0.10 - 0.01 0.14 0.02 unch 0.00 0.06 0.03 0.02 0.03 0.01 0.02 0.02 0.02 + 0.00 0.05 0.04 unch 0.00 0.13 0.09 0.09 0.09 0.01 0.12 0.06 0.10 + 0.04 0.14 0.03 0.05 0.04 0.04 + 0.00 0.20 0.05 unch 0.00 0.25 0.07 0.05 0.06 0.10 0.09 0.09 - 0.02 0.12 0.06 0.04 unch 0.00 0.24 0.20 0.00 0.20 0.23 0.30 0.00 0.28 + 0.03 0.58 0.11 0.13 0.11 0.13 + 0.01 0.32 0.05 0.09 0.09 0.09 - 0.00 0.64 11.71 13.44 12.56 12.64 - 0.46 21.99 0.11 unch 0.00 0.35 0.11 0.11 0.11 0.13 0.16 0.13 0.13 - 0.02 0.47 0.16 0.22 0.19 0.22 + 0.02 0.33 0.13 0.17 0.14 0.15 + 0.01 0.27 0.09 unch 0.00 0.14 0.11 0.11 0.11 0.02 unch 0.00 0.04 0.02 0.02 0.02 0.39 1.10 0.91 0.91 - 0.14 1.26 0.00 unch 0.00 0.13 0.01 0.01 0.01 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.05 unch 0.00 0.40 0.14 0.11 0.12 0.31 0.35 0.33 0.33 - 0.02 0.57 0.02 0.04 0.02 0.02 - 0.01 0.05 0.04 0.05 0.00 0.04 - 0.01 0.07 0.13 unch 0.00 0.65 0.22 0.00 0.22 0.13 unch 0.00 0.19 0.15 0.15 0.15 0.06 0.12 0.10 0.11 - 0.00 0.24 0.06 0.17 0.13 0.15 - 0.01 0.36 0.07 0.21 0.16 0.21 + 0.05 0.25 0.09 0.27 0.20 0.24 + 0.03 0.33 0.22 0.25 0.00 0.24 - 0.01 0.40 0.08 0.06 0.08 + 0.02 0.18 0.06 0.16 unch 0.00 0.62 0.25 0.16 0.21 0.18 0.30 0.26 0.28 + 0.01 0.79 0.74 0.82 0.75 0.79 + 0.04 1.14 0.56 0.64 0.56 0.63 + 0.05 0.92 0.27 unch 0.00 0.40 0.31 0.28 0.28 0.21 unch 0.00 0.69 0.41 0.38 0.41 0.09 0.11 0.09 0.10 - 0.01 0.46 0.09 0.13 0.09 0.09 - 0.03 0.96 0.17 0.22 0.19 0.22 + 0.04 0.90 0.04 0.10 0.07 0.10 + 0.02 0.15 0.18 0.19 0.18 0.18 - 0.01 0.35 0.22 0.27 0.22 0.24 - 0.03 0.43 0.04 unch 0.00 0.07 0.07 0.06 0.06 0.03 0.03 0.03 0.03 + 0.01 0.07

Walker Lane* O 5 Walker River V 654 T 1862 Wallbridge Mng 921 War Eagle Mg V Waseco Res V 108 Wealth Mnrls V 1229 Wealth Mnrls* O 913

0.10 0.29 0.24 0.27 + 0.03 0.29 0.05 unch 0.00 0.15 0.06 0.06 0.06 0.06 0.09 0.08 0.09 + 0.02 0.15 0.09 0.08 0.09 + 0.01 0.22 0.04 0.03 unch 0.00 0.08 0.04 0.04 0.04 0.54 0.94 0.66 0.85 + 0.19 2.34 0.41 0.73 0.53 0.65 + 0.13 1.85

W-Z

(100s) Stock

Week

23

12-month

Exc Volume High Low Last Change High Low

Wescan Gldflds V 154 O 510 Wesdome Gold* T 2644 Wesdome Gold West Af Res V 270 22 West High Yld V West Kirkland V 103 1 West Kirkland * O 44 West Red Lake* O West Red Lake 320 O 0 Western Areas* Western Atlas V 165 T 306 Western Copper X 206 Western Copper* Western Pac Rs V 87 Western Pac Rs* O 151 T 24 Western Potash Western Res* O 6 Western Uran 339 Western Uran* O 179 V 315 Westhaven Vent O 2 Westhaven Vent* O 686 Westkam Gold* V 384 Westkam Gold Westminster Rs V 158 O 259 Westmoreland* 0 WestMountain* O White Gold V 247 White Gold* O 27 White Metal R* O 515 816 White Metal Rs V 67 White Mtn Engy* O O 28 Whitehaven Coa* V 64 Whitemud Res Winston Gold 46 O 99 Winston Gold* Winston Res 85 Wolfden Res* O 157 Wolfden Res V 405 Wolfeye Res V 112 O 0 Wolverine Mnls* V 5 Wolverine Mnls V 6 Worldwide Res WPC Res V 855 X-Terra Res* O 0 X-Terra Res V 135 Xander Res V 194 Xiana Mng V 2 Ximen Mng V 679 Ximen Mng* O 4 Xmet Inc* O 387 V 273 Xtierra Xtra-Gold Res T 35 O 36 Xtra-Gold Res* Yamana Gold T 12579 N 56358 Yamana Gold* O 20 Yanzhou Coal* V 51 Yellowhead Mng Yorbeau Res T 764 Yorbeau Res* O 11 1 You Han Data* O Zadar Vent V 226 Zanzibar Gold 4 Zara Res 4 Zenyatta Vent* O 3 Zenyatta Vent V 97 Zephyr Mnls* O 84 Zephyr Mnls V 94 Zimtu Capital V 67 Zinc One Res V 853 Zinc One Res * O 174 Zincore Mtls V 5 ZincX Res V 1917 ZincX Res* O 16 Zonte Mtls V 162

0.05 0.01 0.04 + 0.01 0.12 0.01 2.94 2.53 2.56 - 0.28 3.79 1.28 3.82 3.33 3.40 - 0.25 3.83 1.64 0.33 0.31 0.31 unch 0.00 0.50 0.29 0.40 0.37 0.38 + 0.02 3.80 0.24 0.07 0.06 0.06 unch 0.00 0.09 0.06 0.06 0.06 0.06 + 0.01 0.07 0.04 0.06 0.05 0.06 + 0.01 0.20 0.04 0.08 0.07 0.07 - 0.01 0.19 0.07 0.00 0.00 2.38 unch 0.00 2.82 1.93 0.09 0.08 0.08 - 0.01 0.32 0.09 1.00 0.93 0.94 - 0.02 1.76 0.92 0.77 0.71 0.72 - 0.03 1.44 0.71 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.01 0.01 0.01 - 0.00 0.03 0.01 0.37 0.00 0.36 - 0.01 0.58 0.36 0.30 0.27 0.27 - 0.02 0.37 0.27 1.10 0.88 0.99 - 0.01 1.20 0.54 0.88 0.74 0.75 - 0.04 0.99 0.44 0.18 0.16 0.16 - 0.01 0.24 0.08 0.14 0.13 0.14 + 0.01 0.18 0.06 0.01 0.01 0.01 - 0.00 0.04 0.01 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.11 0.10 0.11 unch 0.00 0.38 0.07 0.18 0.16 0.17 - 0.01 3.13 0.07 0.00 0.00 3.30 unch 0.00 11.00 1.15 0.82 0.71 0.79 unch 0.00 1.65 0.61 0.62 0.54 0.61 + 0.07 0.73 0.53 0.14 0.11 0.13 - 0.01 0.19 0.05 0.19 0.14 0.16 - 0.02 0.25 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 4.00 3.87 3.87 - 0.03 4.37 2.70 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.06 0.00 0.05 unch 0.00 0.09 0.03 0.06 0.04 0.05 + 0.01 0.09 0.02 0.08 0.00 0.08 unch 0.00 0.24 0.08 0.30 0.27 0.27 - 0.02 0.56 0.11 0.39 0.35 0.35 - 0.04 0.68 0.14 0.86 0.77 0.79 - 0.02 1.64 0.77 0.06 0.06 0.06 unch 0.00 0.12 0.06 0.09 0.09 0.09 unch 0.00 0.17 0.07 0.03 0.00 0.03 unch 0.00 0.09 0.01 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.00 0.00 0.11 unch 0.00 0.28 0.11 0.13 0.11 0.12 - 0.01 0.35 0.11 0.13 0.10 0.13 unch 0.00 0.33 0.10 0.60 0.00 0.60 unch 0.00 0.70 0.08 0.17 0.14 0.17 + 0.01 0.25 0.13 0.11 0.00 0.11 unch 0.00 0.44 0.10 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.07 0.05 0.06 unch 0.00 0.08 0.02 0.25 0.23 0.23 - 0.02 0.31 0.18 0.19 0.11 0.17 - 0.02 0.24 0.11 4.07 3.88 3.95 - 0.09 4.69 3.09 3.12 2.96 3.03 - 0.07 3.80 2.40 1.14 1.14 1.14 unch 0.00 1.83 0.96 0.11 0.10 0.10 - 0.01 0.70 0.11 0.04 0.04 0.04 + 0.01 0.10 0.04 0.02 0.02 0.02 unch 0.00 0.06 0.02 2.80 2.80 2.80 unch 0.00 2.80 1.00 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.15 0.15 0.15 unch 0.00 0.15 0.15 0.14 0.00 0.14 unch 0.00 0.24 0.08 0.43 0.00 0.43 - 0.00 0.86 0.34 0.59 0.52 0.52 - 0.07 1.08 0.42 0.18 0.00 0.17 - 0.01 0.28 0.16 0.25 0.22 0.22 - 0.02 0.34 0.20 0.27 0.27 0.27 unch 0.00 0.40 0.20 0.19 0.18 0.18 - 0.01 0.58 0.17 0.16 0.13 0.14 - 0.01 0.46 0.13 0.08 0.08 0.08 unch 0.00 0.35 0.03 0.55 0.40 0.45 - 0.11 0.75 0.24 0.42 0.33 0.33 - 0.09 0.56 0.18 0.18 0.17 0.17 - 0.02 0.39 0.12

BID-ASK — AUGUST 6–10, 2018

STOCK

55 North African Metals AJN Resources Alba Minerals Alderon Iron* Alexandra Cap ALQ Gold Altitude Res Amador Gold Amanta Res Anglo-Bomarc Angus Ventures Arch Coal* Archon Mineral Arcturus Vent Arian Res Arrowstar Res Asante Gold Asbestos Corp Ashanti Sanko Astur Gold Atlatsa Res* Aurcana Corp Aurelius Min Awale Res AXE Expl Banro Corp* Baroyeca Go&Si BC Moly BE Res Bearclaw Cap Bell Copper Belvedere Res Bethpage Cap BHK Mining Bird River Res Black Bull Res Bluenose Gold Boss Power Bullion Gld Res Bullman Mnls Canada Coal Canex Energy Canoe Mng Vent Canstar Res Cassius Vents Cautivo Mining Cdn Silvr Hunt Cerro Mng Chinapintza Mg Cicada Vents CIM Intl Grp Cleghorn Mnls Cliffs Nat Res* Clydesdale Res Comet Inds Cons Woodjam Cresval Cap CWN M’g Acq Cyntar Venture Cyprium Mng Dawson Gold Discovery Harb Discovery Met Duncan Park H Electra Stone Endurance Gold Essex Minerals Eureka Res European Metal Excalibur Res ExGen Res Inc Fengro Industr Fieldex Expl Finore Mng Fire River Gol Firebird Res First Idaho Fort St James

12-MONTH

EXC BID ASK LAST HIGH

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

0.02 0.02 0.02 0.06 0.09 0.06 0.10 ...

0.10 0.10 0.15 0.16 0.16 0.28 ... 0.40 0.14 0.52 0.50 0.63 0.50 0.93 1.10 1.10 0.22 0.45 0.05 0.08 0.05 0.09 0.17 0.19 0.19 0.30 0.01 0.02 0.01 0.08 0.08 0.15 0.16 0.46 0.58 0.45 0.50 ... ...

0.58 0.65 0.98 0.62 1.31 0.09 0.17 0.10 0.20 0.01 0.02 0.01 0.10 0.10 0.12 0.12 0.03 0.05 0.05 0.15 0.33 0.95 0.50 0.90 0.05 0.06 0.05 0.10 0.06 0.08 0.08 0.10 ... ...

0.06 0.45 0.20 0.20 0.23 0.30 0.13 0.14 0.14 0.15 0.11 0.15 0.12 0.48 0.05 0.06 0.06 0.17 0.11 0.11 0.11 2.10 0.01 0.02 0.01 0.04 0.06 0.20 0.06 0.16 0.05 0.06 0.05 0.08 0.05 0.05 0.05 0.06 0.17 0.20 0.20 0.22 0.03 0.82 0.82 0.96 0.06 ...

0.07 0.14 0.02 0.02 0.02 0.02 0.16 0.23 0.23 0.63 0.10 0.18 0.10 0.11 0.06 0.15 0.15 0.17 0.17 0.20 0.17 0.43 0.43 0.40 0.47 0.09 0.12 0.09 0.10 0.10 0.10 0.09 0.12 0.13 0.23 0.24 0.40 0.14 0.14 0.14 0.25 0.05 0.05 0.06 0.10 0.03 0.04 0.03 0.07 0.21 0.38 0.38 0.85 0.03 0.06 0.06 0.12 0.17 0.18 0.17 0.22 0.01 0.03 0.01 0.01 0.01 0.02 0.01 0.03 0.20 0.77 0.20 0.50 0.08 0.09 0.10 0.14 1.45 3.20 1.43 7.17 0.04 0.14 0.02 0.15 3.10 3.55 3.00 3.55 0.03 0.04 0.04 0.09 0.07 0.20 0.05 0.06 0.06 0.13 0.10 0.25 0.10 0.18 0.15 0.15 0.03 0.03 0.03 0.01 0.82 0.30 0.05 0.08 0.08 0.08 0.30 0.39 0.33 0.92 0.01 0.01 0.01 0.02 0.01 0.02 0.01 0.04 0.05 0.06 0.05 0.09 0.08 0.09 0.08 0.25 0.03 0.03 0.03 0.06 ... 0.01 0.01 0.09 0.10 0.10 0.11 0.01 0.02 0.01 0.04 0.10 0.12 0.10 0.31 0.18 0.18 0.19 0.12 0.12 0.11 0.03 0.07 0.09 0.03 0.04 0.03 0.09 0.09 0.25 0.04 0.06 0.22 0.32 0.25 0.59

LOW

0.10 0.04 0.12 0.09 0.16 0.03 0.13 0.05 0.33 0.62 0.07 0.03 0.03 0.21 0.02 0.01 0.06 0.17 0.03 0.08 0.02 0.10 0.01 0.04 0.04 0.03 0.03 0.15 0.07 0.02 0.07 0.09 0.00 0.10 0.06 0.04 0.18 0.05 0.04 0.03 0.20 0.04 0.04 0.01 0.01 0.08 0.05 0.98 0.02 2.95 0.04 0.04 0.10 0.15 0.05 0.27 0.01 0.01 0.05 0.07 0.02 0.01 0.01 0.10

0.01 0.02 0.15

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Four Nines Freeport Res Full Metal Mnl Gem Intl Res Generic Gold Gentor Res GFM Res Global Cobalt Global Cop Grp God’s Lake Res Goldbelt Emp Golden Secret GoldTrain Res Granite Ck Gld Greatbanks Res Green Valley M Greencastle Rs Grenville Gold Grosvenor Res HFX Holding Highbury Proj Highvista Gold Icon Explor IGC Res Indico Res Indigo Expl Infinite Lith Intl Battery Intl Bethl Mng Iron South Mng Jazz Res JDF Explor Inc Jiminex Jubilee Gold Kenna Res Kitrinor Mtls Knick Expl La Imperial Le Mare Gold Lead Ventures Leo Res Lithion Energy Logan Res Los Andes Copp Lovitt Res Lund Enterpr M.P.V. Explor Madeira Mrnls MAG Silver* Magnitude Mng Manado Gold Martina Mnls Match Capital MAX Res Mega Copper Megastar Dev MegumaGold Melior Res Mesa Expl Metalo Manuf Metalore Res Micrex Dev Midnight Star MillenMin Vent Millstream Min Milner Con Slv Minecorp Egy Moag Copper Montana Gold Mountain Lake MX Gold Navy Res Nebu Res Nevado Res New Jersey Mng New Klondike New Stratus Newmac Res Norsemont Cap

C V V V C V V V V C V V C V V V V V V V V V V V V V V C V V V C V V V V V C V C C V V V V V C V X V V V V V V V C V V C V V C V V V V C C C V V V V C V V V C

0.06 0.09 0.08 0.16 0.06 0.06 0.06 0.08 0.01 0.12 0.10 0.15 0.01 0.02 0.02 0.03 0.18 0.19 0.19 0.32 0.07 0.08 0.08 0.20 0.05 0.12 0.15 0.15 0.02 0.02 0.02 0.07 0.08 0.08 0.11 0.95 ...

0.90 1.10 0.02 0.03 0.02 0.03 0.35 0.35 0.27 0.50 ... 4.51 0.08 0.08 0.10 0.14 0.10 0.17 0.03 0.05 0.03 0.28 0.34 0.35 0.50 0.07 0.08 0.08 0.18 0.10 0.23 0.11 0.17 0.15 0.50 0.15 0.20 0.06 ...

0.07 0.12 0.22 0.40 0.30 0.35 ... 0.15 0.17 ... 0.41 0.41 0.84 0.15 0.19 0.15 0.25 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.06 0.26 0.29 0.28 0.32 ... ...

0.31 0.33 0.05 0.06 0.05 0.17 0.24 0.27 0.24 0.28 0.06 0.08 0.08 0.09 0.01 0.10 0.05 0.15 0.05 0.07 0.05 0.28 0.45 0.64 0.64 0.72 0.13 0.16 0.15 3.49 3.49 3.49 8.61 0.01 0.02 0.01 0.05 0.07 0.24 0.07 0.08 0.07 0.07 0.17 2.60 0.22 0.47 0.25 0.60 ... 1.09 1.09 ... ...

0.10 0.03 0.06 0.06 0.08 0.31 0.33 0.31 0.47 0.08 0.13 0.10 0.25 0.11 0.13 0.11 0.24 0.13 0.16 0.15 0.30 0.03 0.10 0.03 0.05 12.52 13.30 12.52 14.40 0.17 0.40 0.18 0.30 0.04 0.05 0.04 0.24 0.05 0.08 0.04 0.07 0.01 ...

0.04 0.24 0.24 0.20 0.32 0.17 0.20 0.17 0.18 0.06 0.07 0.07 0.11 0.16 0.22 0.25 0.30 0.76 0.99 0.87 1.50 0.06 0.06 0.06 0.08 0.33 0.40 0.33 0.57 2.25 2.80 1.80 4.45 0.02 0.02 0.01 0.03 ... ...

0.20 0.25 0.01 0.05 0.05 0.04 0.06 0.04 0.06 0.09 0.08 0.09 ... ...

0.12 0.20 ... ...

0.08 0.09 0.10 0.10 0.10 0.02 0.10 0.05 0.09 0.11 0.11 0.11 0.22 0.20 0.27 0.24 0.32 0.02 0.02 0.04 0.01 0.02 0.01 0.05 0.20 0.33 0.23 0.26 0.01 0.01 0.01 0.40 ...

0.40 0.48 0.08 0.11 0.08 0.09 0.33 0.39 0.32 0.47

0.07 0.03 0.08 0.01 0.18 0.06 0.02 0.04 0.04 0.01 0.20 0.06 0.08 0.08 0.07 0.08 0.15 0.04 0.22 0.03 0.05 0.01 0.02 0.12 0.31 0.03 0.04 0.06 0.01 0.05 0.35 1.01 0.01 0.04 0.17 0.06 0.04 0.20 0.02 0.09 0.15 0.02 6.12 0.18 0.04 0.03 0.06 0.16 0.04 0.17 0.30 0.03 0.23 1.77 0.01 0.08 0.04 0.07 0.02 0.02 0.08 0.16 0.01 0.23 0.08 0.06 0.32

STOCK

North Am Ptash Northern Uran NSGold Opus One Res Orofino Mnrls Pac Arc Res Pac Cascade Pac Link Mng Pan Global Res Parana Copper Patriot Gold Pedro Res Pele Mtn Res Philippine Mtl Phoenix Gold Plata Latina Plate Res PowerOre Prime Meridian Prism Res Q-Gold Res Quantum Cobalt Rare Element* Razore Rock Res Red Oak Mg Red Tiger Mng Reliant Gold Remington Res Rhyolite Res Richmond Mnls Ridgestone M’g Riley Resource River Wild Exp Rochester Res Rockland Mnls Rockridge Res Rockwealth Res Rojo Res Rubicon Mnrls* Running Fox Rs Sage Gold Samco Gold Scavo Res ScoZinc Mg Shoshoni Gold Silver Phoenix Sitka Gold Southern Arc Squire Mg Ltd Surge Explor Sutter Gold Taku Gold Tanzania Mnls Tearlach Res Tembo Gold Theia Res Tiger Intl Tintina Mines Tri-River Vent Trinity Valley UC Res Vale* Valencia Vent ValOre Metals Vanadium One Vanadiumcorp Vela Minerals Wabi Explor Westcot Vent Western Troy C Westridge Res Whistler Gold Wolverine Mnls Xander Res Zena Mng Zinco Mng Zincore Mtls

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.05 0.08 0.04 0.01 0.02 0.01 0.03 0.10 0.12 0.10 0.15 0.04 0.07 0.05 0.12 0.20 0.31 0.14 0.19 0.52 0.52 0.70 0.82 0.01 0.02 0.01 0.10 0.50 0.20 0.20 0.16 0.20 0.18 0.30 0.30 0.40 0.35 0.36 0.06 0.15 0.10 0.13 ... 0.31 0.21 0.42 0.04 0.04 0.04 0.15 0.05 0.07 0.06 0.16 ... 0.01 0.01 0.04 0.05 0.04 0.05 0.05 0.06 0.06 0.10 0.10 0.13 0.13 0.45 0.01 0.50 0.14 0.06 0.07 0.05 0.20 0.15 0.18 0.15 0.30 ... ...

1.10 3.15 0.11 0.16 0.15 0.89 0.11 ...

0.25 0.63 0.28 0.34 0.33 0.34 0.02 0.03 0.03 0.02 0.02 0.02 0.04 0.26 0.37 0.29 1.00 0.15 0.28 0.15 0.40 0.04 0.04 0.04 0.18 0.22 ...

0.27 0.32 0.13 0.34 0.15 0.15 0.05 0.30 0.02 0.22 0.03 0.03 0.03 0.09 0.07 0.08 0.08 0.11 0.22 0.26 0.26 0.50 0.13 0.16 0.13 0.30 ... 1.55 0.40 0.40 ... ...

0.03 1.35 0.02 0.03 0.03 0.04 0.01 0.01 0.02 0.25 0.04 0.06 0.05 0.11 0.36 0.57 0.36 0.54 0.83 0.89 0.89 1.75 0.06 0.09 0.08 0.08 0.05 0.10 0.15 0.24 0.12 0.14 0.16 0.30 0.39 0.41 0.43 0.90 0.44 0.44 0.35 0.45 0.39 0.44 0.39 0.23 0.02 0.02 0.02 0.04 0.04 0.05 0.04 0.24 0.21 0.25 0.22 1.20 0.08 0.15 0.08 0.02 0.03 0.02 0.05 0.07 0.13 0.09 0.12 0.06 0.13 0.06 0.17 0.02 0.10 0.05 0.10 ... ...

0.04 0.05 0.06 0.05 0.16 0.01 0.02 0.02 0.03 ... ...

10.24 11.10 0.12 0.33 0.22 0.22 0.06 0.07 0.07 0.13 0.13 0.15 0.13 0.09 0.10 0.09 0.16 0.21 ...

0.30 0.30 0.08 0.08 0.09 0.09 ... ...

0.35 0.55 0.02 0.02 0.02 0.06 0.63 0.63 0.60 0.80 0.08 0.14 0.08 0.08 0.08 0.10 0.09 0.17 0.10 0.12 0.13 0.33 0.07 0.10 0.08 0.18 0.05 0.07 0.05 0.07 0.10 0.08 0.35

0.01 0.02 0.05 0.06 0.09 0.03 0.10 0.09 0.09 0.13 0.03 0.06 0.03 0.04 0.10 0.05 0.10 0.20 0.06 0.09 0.06 0.02 0.29 0.15 0.04 0.19 0.10 0.02 0.03 0.01 0.22 0.12 0.23 0.03 0.01 0.01 0.02 0.26 0.76 0.04 0.06 0.14 0.36 0.07 0.03 0.02 0.04 0.12 0.01 0.07 0.04 0.04 0.05 0.01 6.57 0.14 0.07 0.09 0.18 0.07 0.02 0.02 0.29 0.03 0.07 0.10 0.08 0.03