The Northern Miner Aug 2 2021 Issue 16 by The Northern Miner Group

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OceanaGold to restart Didipio mine after new deal with the Philippines PERMITTING

BY CECILIA JAMASMIE AND TRISH SAYWELL

he Philippines has renewed the contract for OceanaGold’s (TSX: OGC; ASX: OGC) Didipio gold and copper mine for another 25 years, after almost two years of the operation being halted due to a dispute with a provincial government over the company’s license to operate. The renewed Financial or Technical Assistance Agreement (FTAA) applies retrospectively from June 19, 2019, and keeps financial terms and conditions unchanged, OceanaGold said. It does however provide an additional 1.5% of gross revenue to be allocated to regional communities and provinces that host the operation, the company noted on July 14. OceanaGold kicked off the renewal of the 25-year permit in 2018. After it expired in June 2019, the company kept Didipio operating under a temporary licence, but a blockade backed by the local government forced the Brisbane-based miner to suspend

| Contract renewed for 25 years

operations a few weeks later. It also had to lay off hundreds of workers. “The company’s first operational priority is the rehiring and training of its Philippine workforce, which will include a focus on safeguarding workers from the current risks associated with Covid-19,” OceanaGold said in a statement. The miner, which plans to restart Didipio “as soon as possible,” said operations will resume initially with the milling of stockpiled ore of about 19 million tonnes. Didipio, which began production in 2013, has an 11-year mine life based on proven and probable underground reserves of 21.2 million tonnes grading 1.51 grams gold per tonne, 0.38% copper and 1.78 grams silver per tonne, for contained metal of 1.03 million oz. gold, 80,000 tonnes of copper and 1.21 million oz. silver. OceanaGold aims to achieve full underground production capacity within 12 months. The mine, 270 km north of Manila, is a major direct and indirect employer

in the provinces of Quirino and Nueva Vizcaya and a significant contributor of socio-economic benefits for the local and national economies. “The return of Didipio comes at a great time with commodity prices, particularly that of copper, clearly in a bull cycle,” Sam Pazuki, the company’s senior vice president of corporate development, wrote in an email to the Northern Miner. “We will provide additional details on the restart plans in the coming weeks, however, once fully operational, Didipio will produce approximately 10,000 ounces of gold a month and 1,100 tonnes of copper a month.” Brian Quast, a precious metals analyst at BMO Capital Markets, noted that idle concentrate at Didipio will improve the company’s balance sheet. “OceanaGold has an estimated US$50 million of copper concentrate on site at Didipio that the company has not been able to sell due to the delayed FTAA renewal,” Quast wrote in a research note. “With the renewal taking effect immediately, we expect OceanaGold to monetize this inven-

OceanaGold’s Didipio gold-copper mine in the Philippines. OCEANAGOLD

tory. This infusion of cash comes at a crucial time, with OceanaGold having net debt of US$163 million at Q1/21 and a capex-heavy remainder of 2021.” Quast has an outperform rating on the company and a target price of $3.25 per share. At presstime in Toronto OceanaGold was trading at $2.29 per share within a 52-week range of $1.58 and $4.01 per share. Farooq Hamed of Raymond James raised his target price following news of the FTAA renewal to $3.25 per

share from $3.00 per share and also has an outperform rating on the company. “With operational guidance expected shortly, we have made preliminary estimates of Didipio production starting in 4Q21 and ramping through 2022 with full mining rates being achieved in 4Q22,” he wrote in a research note. “Our preliminary estimates include production of ~8koz gold and 1.5kt copper from Didipio in 4Q21 and 2022 production of 92koz. gold and 12kt copper.” TNM PM40069240

Top Australian capital raises seek to create mining value FINANCING

| Companies raise funds to advance a suite of projects including copper, nickel, gold, silver, lithium, rare earths and uranium

BY HENRY LAZENBY

ustralia-headquartered miners have been tapping the capital markets in the year to July 14 to raise a total of US$2.33 billion, according to an analysis by The Northern Miner’s sister company MiningIntelligence. The financings offer the companies financial firepower to execute their value creation strategies. The Mining Intelligence data shows the money was raised via 36 rights offerings that attracted US$1.15 billion in capital and 81 private placements raising US$965.52 million, among other methods of capital raising. Leading the lineup is Regis Resources (ASX: RRL), which raised about US$155 million in April and

another US$348.5 million in May. The company had in April bought a 30% stake in AngloGold Ashanti’s (NYSE: AU) Tropicana mine for A$903 million (US$688.3 million), increasing its production base by a third. Regis acquired the interest in Tropicana, located in the Great Victoria Desert, 330 km from Kalgoorlie, from IGO (ASX: IGO), and undertook an equity raising to fund the acquisition. Mining at Tropicana began in 2012, and the first gold was produced in September 2013. Since then, over three million ounces have been produced from the open pit. Gold production from Tropicana for 2020 was 463,118 ounces at a cash cost of A$806 per oz. and all-in sustaining costs of A$1,171 (US$893) per ounce.

In August 2020, Regis acquired a resource and tenement package from Stone Resources Australia (ASX: SHK), which included the Ben Hur JORC-compliant mineral resource — 5.8 million tonnes grading 1.6 grams per tonne gold for 290,000 ounces. The acquisition can add further life to the company’s Duketon operations and expands the company’s Duketon Greenstone Belt exploration program. In December 2020, Regis approved the development of a new underground mine under the current Garden Well open pit. This decision was based on a recently completed positive feasibility study on the Garden Well South underground gold project. Regis is targeting 355,000 to 380,000 oz. of gold production this year.

The company’s equity trading in Sydney is tracking in the red, losing about 27.3% in the analysis period. IGO (ASX: IGO) has raised the second-largest amount of capital during the first six months of 2021, bolstering the treasury by US$245.86 million in January. The company recently announced it had closed a transformational transaction to form a new lithium joint venture with Tianqi Lithium over its Australian lithium assets in a deal valued at US$1.4 billion. According to the transaction agreement, IGO and Tianqi have formed a new lithium joint venture owned 49% by IGO and 51% by Tianqi. The company See CAPITAL RAISINGS BY AUSTRALIAN COMPANIES / 3

Q&A WITH EVOLUTION MINING’S JAKE KLEIN ON KUNDANA ASSETS / 2

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AUGUST 2–15, 2021 / THE NORTHERN MINER

Evolution Mining to acquire Kundana assets from Northern Star Resources Q&A

| Acquisition will turn Evolution’s Mungari mine into a ‘cornerstone asset’ talking with Northern Star about a potential sale and were there other suitors interested in these assets?

BY TRISH SAYWELL

volution Mining (ASX: EVN) announced on July 22 that it is acquiring assets from Northern Star Resources’ (ASX: NST), most of which are within eight kilometres of its Mungari mine in Western Australia. The deal gives Evolution a portfolio of underground mines close to Mungari’s mill, “provides a pathway” to growing Mungari to a 200,000 oz. gold a year producer, and offers loads of exploration upside. Evolution will pay A$400 million ($371 million) in cash for Northern Star’s 100%-owned Kundana operations; its 51% interest in the East Kundana jointventure; its 71% interest in the West Kundana joint-venture; and its 100%-owned Carbine project (see editorial on page 4 for details). The company is paying for it with funds from an A$400 million institutional placement fully underwritten by J.P. Morgan Securities Australia (104 million new ordinary shares at A$3.85 per share, a 5.4% discount to the company’s last closing price of A$4.07 per share), and a nonunderwritten share purchase plan targeting to raise up to A$50 million. In an email interview to The Northern Miner, Jake Klein, Evolution’s founder and executive chairman, discussed the merits of the transaction, which is expected to close in August.

KLEIN: Both parties recognised the

synergies that were available and we started a serious engagement in late May. Due diligence and a site visit was completed in June and we made a non-binding offer in early July. Northern Star wanted to get it done by their strategy day (July 23) and we turned on the turbo boosters to get it done by then. No other party could have valued and realised the synergies that we can. TNM: With your recent acquisitions

in Canada (Red Lake and Battle North Gold), and now this transaction in Australia, it seems like Evolution has been incredibly active on the M&A front. What do you see as your biggest challenges in the year ahead? Evolution Mining’s executive chairman, Jake Klein (right). THE NORTHERN MINER: What in your view makes this acquisition so important for Evolution? And why now? JAKE KLEIN: Evolution has long cov-

eted these assets — this is because the combination through the acquisition makes industrial and commercial sense on every level. Our Mungari mill is a modern and highly efficient mill, albeit confronting a declining production profile as the high-grade Frog’s Leg mine nears depletion and more low-grade

EVOLUTION MINING

material is processed. On the neighbouring tenements, Northern Star has been successfully operating several high-grade underground mines but trucks its ore effectively past our Mungari mill to be processed 55 kilometres away at Kanowna Belle. The consolidation of the district is a game-changer for Evolution and the Eastern Goldfields. The tenements are contiguous — and most importantly we now have immediate access to significantly larger volumes of higher grade material and

the opportunity to extract material synergies that were not available to either ourselves or Northern Star in the absence of this transaction. This is one of those very rare deals in the gold sector where both parties can genuinely feel comfortable that this transaction creates value for both sets of shareholders — and this is because of the previously unrecognised value that can be realised through the synergies available as a result of the asset combination. TNM: When did Evolution start

KLEIN:They are both logical, bolt on deals making both Red Lake and Mungari better assets. We are now in that “show me” phase where investors will want to see tangible evidence of the value creation from these acquisitions. We now have four outstanding cornerstone assets — all of them with potential to grow to the next level. We remain one of the lowest cost gold producers in the world, and remain very focussed on the quality and margin of the ounces rather than the volume. That in our view is the best way build a great gold company that will deliver superior returns to shareholders. TNM

Newmont to decide on US$2 billion investment in its Yanacocha mine by year-end PERU

| Project would shift from open-pit operation to underground mine

BY CECILIA JAMASMIE

ewmont (TSX: NGT; NYSE: NEM), the world’s No. 1 gold miner, will make a decision on a US$2 billion investment at its Yanacocha mine in northern Peru’s Cajamarca region before the end of the year, CEO Tom Palmer told investors. The oxide resources of the openpit Yanacocha mine are close to being depleted, and the project is designed to mine the sulfide material underground. In a call to discuss the company’s second-quarter earnings, Palmer said the Yanacocha Sulfides project, as it’s known, would allow operations to continue at the massive gold mine. Newmont plans to develop the first phase of sulfide deposits and an integrated processing circuit, including an autoclave to process gold, copper and silver feedstock. Construction will take roughly two and a half years, so the project should start operating in 2026, the company said. It would add 500,000 gold-equivalent ounces per year to the mine’s production, with all-in sustaining costs of between US$700 and US$800 per oz. during the first five full years of operations. The first phase focuses on developing the Yanacocha Verde and Chaquicocha deposits to extend operations beyond 2040. The second

An employee takes a water sample at Newmont’s Yanacocha mine in northern Peru.

and third phases, Palmer said, have the potential to extend the mine life for “multiple” decades. Newmont says Yanacocha Sulfides is one of the most important mining projects planned in Peru for the next five years. All the new infrastructure will

NEWMONT MINING

be built within the existing mine’s footprint and the project will incorporate remote technology to conduct real-time inspections. Asked about the incoming government of leftist President Pedro Castillo, Palmer said the company was ready to engage in discussions

over the next six months, adding he was optimistic of the outcome. “We’ve been in Peru for 30 years,” he said. “The Yanacocha Sulphides project will position us to be in Peru for at least another 30 or 40 years.” The Denver, Colorado-based miner says the gold mine has provided

over US$1 billion in environmental and social responsibility projects since it started operations in the 1990s. About two-thirds of Yanacocha’s revenue is ploughed back into the local economy in wages, taxes, goods and services, as the operation employs 1,400 workers directly and supports a further 40,000 Peruvian jobs, the company says. Two-thirds of workers at the mine are residents of Cajamarca. “We see Yanacocha as a cornerstone asset in a key district that we want to be in for a very long time,” Palmer told investors, adding that the company is open to opportunities to consolidate its position in the district. Peru experienced one of its worst political crises in its history in November last year, witnessing three heads of state in a week after a battle between the presidency and Congress, along with violent protests that left two people dead. During a tense and polarizing election process, the rural union activist from a Marxist party vowed to nationalize energy assets, block certain projects and take a bigger share of the mineral windfall to fight poverty. Castillo’s rising popularity surprised investors and fueled concern that a more onerous operating environment would jeopardize projects needed to meet increasing global demand for copper. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 2–15, 2021

Yamana green lights development of Wasamac mine with higher production QUEBEC

| Study results show increased reserves and cash flow

BY MARILYN SCALES

amana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) has given the go-ahead to develop the Wasamac gold mine, with study results showing more reserves, higher annual production and increased cash flows. The project is 15 km west of Rouyn-Noranda, Quebec. The company acquired the Wasamac deposit and Camflo property and mill when it bought Monarch Gold in January. Since that time, it has used its due diligence study and update to the 2018 feasibility study to create a new feasibility study. Work done most recently will also form the basis for the project description for the environmental impact assessment. Project economics include an aftertax net present value of US$470 million, with an after-tax internal rate of return of 24% at a gold price of US$1,500 per ounce. Initial capital requirements are US$416 million, including US$318 million for underground mine development and mobile equipment. One of the most promising aspects of the Wasamac project, according to Yamana, is sustained annual gold production of 200,000 oz. for years two through five and 169,000 oz. per year over the first ten years. All-in sustaining costs are estimated at US$828 per ounce. Yamana has refined the geological model and boosted the probable mineral reserve. It now stands at 23.2 million tonnes grading 2.56 grams

CAPITAL RAISINGS BY AUSTRALIAN COMPANIES From 1

said at the time, the joint-venture was the exclusive vehicle for lithium investments outside China for IGO and Tianqi. According to the company, the joint-venture will initially focus on the existing upstream and downstream lithium assets in Western Australia, which comprises a 51% stake in the world-class Greenbushes lithium mine. It is a joint venture with global lithium company Albemarle (NYSE: ABL) and a 100% owned and operated interest in the Kwinana lithium hydroxide refinery. Once commissioned, Kwinana will be the first fully automated lithium hydroxide refinery in Australia, producing batterygrade lithium hydroxide from highquality spodumene concentrate from Greenbushes. Managing director and CEO Peter Bradford said at the time the new partnership with Tianqi promised to be “truly transformational” for IGO and “delivers on our strategy focused on the clean energy revolution.” “We are incredibly excited to commence this journey with Tianqi as we build a globally relevant lithium business delivering high quality, responsibly produced lithium products to global customers while generating strong financial outcomes for shareholders.” The commissioning process for the first lithium hydroxide plant at Kwinana has commenced. This includes forming the owner’s commissioning team and the appointment of a lead contracting firm to complete the remaining rectification work. First lithium hydroxide is expected to be produced in the second half of 2021. In addition, the restart and rampup of Greenbushes Chemical Grade Plant 2 has commenced, and the completion and commissioning of

The past producing Wasamac gold project in Quebec, as seen in 1984.

MONARQUES GOLD

gold per tonne for 1.9 million oz. of recoverable gold. That material will support the first ten years of production. The deposit also has 5.8 million indicated tonnes grading 1.76 grams gold per tonne for 326,000 oz. contained gold, plus 4 million inferred tonnes at 2.01 grams gold per tonne for 258,000 ounces of gold.

Wasamac will be an underground bulk mining operation with a minimal footprint, the company says. The use of an underground conveyor, electric mining equipment and high efficiency ventilation fans will substantially reduce carbon emissions from the project, Yamana says. Installing the conveyor, rather than using diesel trucks, will save an esti-

mated 2,233 tonnes of carbon dioxide emissions per year. A new mill will be built with an initial throughput of 7,000 tonnes per day, although that could be raised to the nameplate capacity of 7,500 tonnes per day. A portion of the tailings will be returned to the mine as paste fill, and the remainder will be placed in a filtered dry stack storage

the Tailings Retreatment project is expected in early 2022. The stock has been hitting new 12-month highs in recent weeks as higher commodity prices for the basket of core products copper, nickel, cobalt and lithium, boosted the share price into record territory. Shares are up 33% during the coverage period. Uranium producers have seen investment interest flare in recent months, with Paladin Energy (ASX: PDN) equity having doubled in this time. The company raised US$99.8 million in March, followed by another US$68.74 million in April. Paladin used the total A$218.7 million equity raise to redeem its senior notes and reset its capital structure. The notes redemption removes Paladin’s legacy corporate debt providing the company with financial security, optionality on future funding structures for the Langer Heinrich mine restart, and significant benefits for the company’s uranium marketing activities. Paladin has a plan to restart uranium production at the Langer Heinrich project in Namibia. Paladin holds 75% of that property and considers it to be the company’s core asset. Langer Heinrich is fully permitted to resume mining and uranium exports, but much work needs to be done. The project needs leach heating and mining upgrades to improve the extraction rate, a process control upgrade, thickener and pumping upgrades, and a second Hydrosorter, among other things. The mine could be reopened at an estimated cost of US$81 million and have a mine life of 17 years. Peak production would be 5.9 million lb. uranium oxide in each of seven years. The company continues to progress the critical-path elements of its restart planning at the mine, including optimization of tailings management, stockpile and run of mine blend-

ing strategies. Work also focuses on completing the grade control dilution study, validating assumptions in the mineral resource model, and updating critical engineering documents and dynamic modelling scenario analysis. In Australia, Paladin has two wholly-owned, advanced exploration projects — Mount Isa (the largest uranium project in Queensland) and Manyingee (another potential uranium producer) in Western Australia. Paladin holds six mineral development licences located 15 to 80 km north and east of Mount Isa. The Valhalla, Skal and Odin deposits are the most important. Those three contain 115.7 lb. U3O8 out of the 148.3 million lb. of contained metals estimated across all the licences. Paladin drilled 116,490 metres of diamond core, and 148,740 metres of reverse circulation holes, boosting the resource by close to 20% to 148 million contained lb. U3O8. In 2007 the company acquired an 82% stake in Summit Resources, which held the licences near Mount Isa. Then in 2018, Paladin acquired the minority shareholdings in Summit, taking its ownership to 100%. The Mount Isa deposits have the potential to support an output of between five million and seven million lb. U3O8 a year using open-pit methods. At Manyingee, Paladin has spent US$17.9 million on exploration and believes there is potential for an in situ recovery at a rate of up to two million lb. U3O8 per year. A successful field leaching test was carried out in 1985, and an internal scoping study has been done. The property has a resource containing an estimated 41.5 million lb. U3O8. There are indicated resources of 8.4 million tonnes grading 0.985% U3O8, and inferred resources of 5.4 million tonnes grading 0.085% U3O8. About 100 km south of Manyingee

is the Carley Bore uranium property acquired by Paladin in 2015. It is at the advanced exploration stage and could be either a stand-alone or satellite ISR project to Manyingee. Next on our list is a thoroughly North America-focused uranium developer, NexGen Energy (TSX: NXE; NYSE: NXE), but with an Australian heritage and management. The company raised US$138.67 million in March, which it is applying towards the continued development of its 100%-owned Arrow uranium deposit at the Rook I project in the

facility about six km from the mill. Yamana believes it can outline further reserves that would sustain a 200,000 oz. production level and support an additional five years of mine life. It plans to spend $15 million on a 120,000-metre infill and exploration drill campaign in 2021 and 2022. Another 10,000 metres will be drilled this year on the broader Wasamac property to delineate secondary zones and test extensions of the Wasa Shear. The company has recently acquired the Francoeur, Arntfield and Lac Fortune gold deposits located 6 km from the planned Wasamac mill. They, too, may provide additional mining opportunities in the future. Development at Wasamac will be fully funded from available cash and cash flow. “This project remains critically important to Yamana’s long-term production profile,” Jackie Przybylowksi, a mining analyst at BMO Capital Markets, commented in a research note. “We noted when Yamana released its 10-year guidance in January that Wasamac will become an important contributor to the company’s production profile from ~2027.” “We had previously modeled Wasamac at the purchase price, ~US$117 million,” she added. “Our new DCF [discounted cash flow] values Wasamac at US$240 million, or US$144 million after a 0.6x target multiple is applied, a modest increase to our estimates.” TNM

southwest of Canada’s Athabasca Basin. The Arrow deposit has an indicated resource of 256.6 million lb. U3O8 in 2.89 million tonnes grading 4.03%. These figures include a high-grade portion of 171.0 million lb. uranium oxide in 460,000 tonnes grading 17.85%. There is also an inferred resource of 91.7 million lb. of uranium oxide in 4.84 million tonnes grading 0.86%. The deposit remains See CAPITAL RAISINGS BY AUSTRALIAN COMPANIES / 16

The Art and Humour of John Kilburn

THE PERFECT

GIFT $34.99 Cartoons from A hilarious, 262-page anthology of mining cartoons by The Northern Miner’s resident cartoonist John Kilburn. Unique in its scope and ambitions, this anthology gathers the best Northern Miner cartoons created over 25 years by John Kilburn, a Vancouver-based mining professional who has worked in Western Canada as a mining engineer, broker, journalist, equity analyst and investor. Kilburn stylishly captures the mining sector’s biggest events over the past quarter century as well as its perennial conundrums with a cast of characters that includes engineers, geologists, miners, promoters, executives and environmentalists. Joining the cast are coal mine canaries, camp dogs and llamas, plus a special appearance by Santa. With a foreword by Pierre Lassonde, co-founder and chairman of Franco-Nevada, an introduction by John Cumming, former editor-in-chief of The Northern Miner, and hundreds of boisterous JK mining cartoons like you’ve never seen them before. Specifications: 7.8” by 10”, 262 pages, B&W with a colour cover, ISBN 978-1-987932-00-3 C$34.99 plus shipping and applicable taxes. To order by phone, call toll-free: 1-888-502-3456 ext. 43702 For more information and to order online visit: www.northernminer.com/jk

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EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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Evolution Mining is on a roll

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THE VIEW FROM ENGLAND

hen Jake Klein spoke about Evolution Mining at the Northern Miner’s Global Mining Symposium in May, the company’s founder and executive chairman emphasized that his team was “continually looking to upgrade the portfolio” and predicted that “the next ten years are going to be even more exciting” than the previous decade. BY TRISH SAYWELL It was a bold forecast. After all, the Australian gold miner has grown quickly through a series of “transformational transactions” since its founding in 2011 and already has four wholly owned mines in Australia — Cowal in New South Wales, Mungari in Western Australia, and Mt Rawdon and Mt. Carlton in Queensland, as well as an economic interest in Glencore’s Ernest Henry copper-gold mine, also in Queensland. In the last two years, the Sydney-based company has carved a sizeable footprint in Canada, too, with its US$375 million all-cash acquisition from Newmont of the Red Lake complex in western Ontario’s famous Red Lake district, which closed on April 1, 2020, and more recently, the $343 million acquisition of Battle North Gold and its Bateman gold project, also in Red Lake, which closed on May 20. But true to his forecast, Klein unveiled another significant acquisition on July 22, this one in Australia, demonstrating that the mid-tier gold company isn’t hitting the brakes on M&A. The company announced it is picking up assets belonging to Northern Star Resources that are situated within eight kilometres of Evolution’s Mungari mine, and which it hopes will turn Mungari into “a cornerstone asset.” Evolution will pay A$400 million ($371 million) in cash for Northern Star’s 100%-owned Kundana operations; its 51% interest in the East Kundana joint-venture; its 71% interest in the West Kundana farm-in joint-venture; and its 100%-owned Carbine project. The company is paying for it with funds from an A$400 million institutional placement fully underwritten by J.P. Morgan Securities Australia (104 million new ordinary shares at A$3.85 per share, a 5.4% discount to the company’s last closing price of A$4.07 per share), and a non-underwritten share purchase plan targeting to raise up to A$50 million. The decision to fund it with equity, the company said, “reflects its continued commitment to prudent balance sheet management” and the company maintains cash and available liquidity of A$815 million. “The consolidation of the district is a game-changer for Evolution and the Eastern Goldfields,” Klein told me via email. “The tenements are contiguous — and most importantly we now have immediate access to significantly larger volumes of higher grade material and the opportunity to extract material synergies that were not available to either ourselves or Northern Star in the absence of this transaction.” The deal gives Evolution a portfolio of underground mines less than 10 km from its mill at Mungari; “provides a pathway” to growing Mungari to a 200,000 oz. gold per year producer; offers operational synergies and cost reduction potential; consolidates a 1,027 sq. km land package making Evolution one of the largest land holders within the Kalgoorlie district; delivers exploration potential; and “more than doubles” Mungari’s resources and reserves to extend mine life. Evolution says the Kundana assets, which are about 20 km west of Kalgoorlie and 600 km east of Perth, will extend Mungari’s mine life from nine to thirteen years. Mining analysts Reg Spencer and Henry Renshaw of Canaccord Genuity Capital Markets in Australia, say they “suspect that this is conservative given the now consolidated land holding.” So what exactly is Evolution getting for its money? The 100%-owned Kundana operations consist of the Millennium, Pope John and Moonbeam deposits and underground operating areas “with future underground production planned from additional mining areas” and potential for “mine life extension through near-mine exploration upside.” It will get 51% and become operator of the East Kundana joint-venture with Rand Mining Ltd. and Tribune Resources Ltd. The JV has three primary underground mines — Rubicon, Hornet and Pegasus — collectively known as RHP. And it gets the 100%-owned Carbine project where about four open pits (Paradigm, Ant Hill, Carbine and Phantom) are planned, along with one planned underground operation (Paradigm underground), about 57 km from Kalgoorlie, 43 km northwest of Mungari and about 19 km north of Evolution’s Castle Hill tenements. As of the end of March, the “acquisition assets” as Evolution calls them have combined resources of 2.44 million oz. grading 4.1 grams gold per tonne in 18.8 million tonnes, including total reserves of 579,000 oz. of gold grading 4 grams gold per tonne in 4.5 million tonnes. In fiscal 2021, Northern Star reported that the Kundana assets produced 120,943 oz. of gold. Along with the announcement, Evolution has increased its near-term, three-year production outlook to 700,000 to 760,000 oz. gold in fiscal 2022 (an increase in production of 30,000 oz.); 815,000 to 875,000 oz. of gold in fiscal 2023 (up 65,000 oz.); and 940,000 to 1.01 million oz. of gold in fiscal 2024 (up 60,000 oz.). All-in sustaining costs remain unchanged at A$1,220A$1,280 per oz. in fiscal 2022; A$1,125-A$1,185 per oz. in fiscal 2023; and A$1,170-A$1,230 per oz. in fiscal 2024. As Klein said in his interview at our Global Mining Symposium when I asked him if he had any advice for people starting out in the industry — taking risks is just part of the job. “This is an industry where opportunity doesn’t come gift-wrapped,” he said. “You have to go out on a ledge and figure out a way where you’re going to jump off the ledge, whether it’s in your personal career or needing to move into another space. When you’re sitting around a board table and you’re thinking about an acquisition, there are always more reasons not to do something than to do something. ... At the end of the day, you have to take risk and this is an industry about geological and financial risk and you need to get comfortable taking them.”TNM

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

COMPANY INDEX Albemarle . . . . . . . . . . . . . . . . . 3,5,12 Alcoa . . . . . . . . . . . . . . . . . . . . . . . . 13 Americas Gold and Silver . . . . . . . . 7 Argonaut Gold . . . . . . . . . . . . . . . . 10 Azarga Uranium . . . . . . . . . . . . . . . 9 Barrick Gold. . . . . . . . . . . . . . . . . 6,12 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . 5 Black Hills . . . . . . . . . . . . . . . . . . . 13 Cameco . . . . . . . . . . . . . . . . . . . . . . 6,7 Cleveland-Cliffs . . . . . . . . . . . . . 12,13 Coeur Mining . . . . . . . . . . . . . . . . 10 Comstock Mining . . . . . . . . . . . . . 11 Coronado Global Resources . . . . . 16 Eldorado Gold . . . . . . . . . . . . . . . . . 5

COLUMN

| Silly season launched in Scotland

BY DR. CHRIS HINDE Special to The Northern Miner

he British Broadcasting Corporation has launched a three-part TV series on a “mountain full of treasure,” and it’s in Scotland. Apart from being bullish for the valuation of Scotland’s first gold mine, it is a clear signal that the Northern Hemisphere is starting its silly season. Definitions of ‘silly season’ are hard to find but in North America this sleepy summer period is known, rather unimaginatively, as the “slow news season.” In Europe, we have less prosaic descriptions, such as ‘Mätäkuun juttu’ (rotting-month story) in Finland, ‘La saison des marronniers’ (the conker-tree season) in France, ‘Sommerloch’ (summer hole) in Germany and ‘Nyhetstorka’ (news drought) in Sweden. Wikipedia tells us that in Spain the term ‘Serpiente de verano’ (summer snake) is often used, not for the season but for the news items themselves. The term is apparently a reference to stories of exotic creatures, which naturally receive more headlines in summer. Media in the U.K. have described these summer months as ‘silly’ since the middle of the 19th century. Domestic news was in short supply as Parliament and the law courts were in recess, and most people of substance had left London. Before then the term ‘cucumber time’ was used in England to denote the slow season for tailors — the gentry being generally out of town at a time when cucumbers were being harvested. Although now rather dated, this reference to cucumbers was used in many other European countries to describe slow business in summer. Examples include the Czech ‘Okurková sezóna,’ Danish ‘Agurketid,’ Dutch ‘Komkommertijd,’ Estonian ‘Hapukurgihooaeg,’ Hungarian ‘Uborkaszezon,’ Icelandic ‘Gúrkutíð,’ Norwegian ‘Agurktid,’ Polish ‘Sezon ogórkowy’ and Slovak ‘Uhorková sezóna.’ On July 12, as if to prove the point, BBC2 aired the first of a three-part documentary on goldmining in Scotland (the program was first shown on Scottish TV in March). The series, called ‘Gold Town’, focuses on the Cononish mine, which is part of Scotgold Resources’ Grampian gold project. (incorporating 13 option agreements over prospective land in the north of Scotland). In 1984, Irish firm Ennex International discovered gold-bearing quartz veins half way up Beinn Chùirnat near the former leadmining village of Tyndrum. This hill in the Grampians is one of Scotland’s 222 Corbetts, which are hills of 2,500-3,000 feet (a height of over 3,000 feet qualifies as a mountain, called a Munro, in Scotland). The site is above Cononish Farm on the northern boundary of the Loch Lomond and Trossachs National Park, some 90 km northwest of Glasgow. Adits were driven but exploration was slow, and Caledonian Mining took over the Cononish project in 1994 before Scotgold assumed the reins in 2007. The latter company,

enCore Energy . . . . . . . . . . . . . . . . . 7 Endeavour Silver . . . . . . . . . . . . . . . 5 Energy Fuels . . . . . . . . . . . . . . . . . . . 8 Evolution Mining . . . . . . . . . . . . . . . 2 Focus Minerals . . . . . . . . . . . . . . 15,16 Freeport McMoRan . . . . . . . . . . . . 12 Gatos Silver . . . . . . . . . . . . . . . . . . 10 Gold Reserve . . . . . . . . . . . . . . . . . 11 Golden Minerals . . . . . . . . . . . . . . 11 Gold Resource . . . . . . . . . . . . . . 10,11 Hecla Mining . . . . . . . . . . . . . . . . . 13 Hudbay Minerals . . . . . . . . . . . . . . . 7 Hycroft Mining . . . . . . . . . . . . . . . 11 i-80 Gold . . . . . . . . . . . . . . . . . . . . 10 IGO . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Intrepid Potash . . . . . . . . . . . . . . . . 8 Ioneer . . . . . . . . . . . . . . . . . . . . . . . 16

based in Perth (the town in Australia rather than Scotland), released a bankable feasibility study in 2011, but falling gold prices prevented development. Scotgold was recapitalised in 2014 and a new feasibility study was published in 2015. In 2016, Scotgold auctioned off ten 1oz gold rounds (from development work) at an average price of £4,500 per ounce (currently US$6,100 per ounce). The fivetimes multiple over the prevailing international gold price reflects the rarity value of British gold. Another bankable feasibility study was published in 2017, with proven and probable reserves confirmed as 555,000 tonnes at 11.1 grams per tonne gold and 47.7 grams per tonne silver (although under 12% of the tonnage is in the proven category). Capital expenditure for the nineyear mine was calculated at £27 million (US$38 million) and life-time operating expenses estimated at £80 million (US$110 million) for total costs of over US$700 per ounce. Pre-tax net present value was calculated at £43 million (US$60 million) using a 10% discount rate and US$1,150 per ounce gold. Revised planning permission was granted in October 2018 (the original permission having been given in 2012), with work commencing two months later. Progress has been slow, although a ramp-up to annual production of 23,400 ounces (gold-equivalent) by February 2022 is still expected. Earlier this year a new management team was installed and more finance sought. The first shipment of concentrate was delivered on May 11 (25 tonnes of 182 grams per tonne gold). Scotgold announced it was “encouraged” but warned “performance has been intermittent to date.” Scotgold has suffered the classic junior company yo-yo ride in its share price. The valuation reached £4.50 per share in 2011 ahead of the initial planning permission, but traded in the £0.20-0.80 per share range between 2014 and the end of 2019. More recently, the valuation recovered from only £0.40 per share in September 2019 to over £1.50 in October 2020 but had fallen back below £0.70 per share by March this year. The price jumped onethird to £0.94 per share after the first, local, airing of ‘Gold Town,’ before dropping back to £0.50 per share on the worrying corporate announcements three months ago. At the start of July, Scotgold said it was mining high-grade gold “far quicker than anticipated,” and an average grade of 10 grams per tonne is expected over the next two months. This news, coupled with the BBC series being aired to a wider market, has seen the company’s valuation climb back to around £0.60 per share, valuing Scotgold at £35 million (US$48 million). These are sobering price fluctuations, even for the silly season. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

Karora Resources . . . . . . . . . . . . . . 15 Kinross Gold . . . . . . . . . . . . . . . . . . 6 Kirkland Lake Gold . . . . . . . . . . . . 14 Laramide Resources . . . . . . . . . . . 14 Liberty Gold . . . . . . . . . . . . . . . . . . . 7 Mandalay Resources . . . . . . . . . . . 15 McEwen Mining . . . . . . . . . . . . . . . 7 Mosaic . . . . . . . . . . . . . . . . . . . . . . 12 MP Materials . . . . . . . . . . . . . . . . . 13 Neo Performance Materials . . . . . . 8 Newmont . . . . . . . . . . . . . . . . . 2,6,12 NexGen Energy . . . . . . . . . . . . . . . . 3 NioCorp Developments . . . . . . . . . 8 Noront Resources . . . . . . . . . . . . . . 5 Northern Star Resources . . . . . . . . . 2 OceanaGold . . . . . . . . . . . . . . . . . . . 1 Paladin Energy . . . . . . . . . . . . . . . 3,16

Probe Metals . . . . . . . . . . . . . . . . . . 5 Regis Resources . . . . . . . . . . . . . . . . 1 Rex Minerals . . . . . . . . . . . . . . . . . 16 Scandium International Mining . . . 9 Southern Copper . . . . . . . . . . . . . . 12 SSR Mining. . . . . . . . . . . . . . . . . . . . 7 Superior Gold. . . . . . . . . . . . 14,15,16 Teck Resources . . . . . . . . . . . . . . . . . 6 Texas Mineral Resources . . . . . . . . . 9 United States Antimony . . . . . . . . . 9 Ur-Energy . . . . . . . . . . . . . . . . . . . . . 8 Uranium Energy . . . . . . . . . . . . . . . 8 Vista Gold. . . . . . . . . . . . . . . . . . . . 11 Westwater Resources . . . . . . . . . . . . 9 Yamana Gold . . . . . . . . . . . . . . . . . . 3

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 2–15, 2021

Eldorado Gold takes stake in Probe Metals for $23.7 million M&A

| Investment increases footprint in Quebec

The Bruner gold project, 180 km southeast of Reno, Nevada. PATRIOT GOLD.

Endeavour Silver buys Nevada gold asset for US$100 million M&A

| Gold originally discovered at site in 1906

BY CECILIA JAMASMIE

ndeavour Silver (TSX: EDR; NYSE: EXK) has bought Canamex Gold’s (CSE: CSQ) Bruner gold exploration asset in Nevada, about 180 km southeast of Reno for US$100 million in cash. Gold was originally discovered at Bruner in 1906 and the district saw intermittent small-scale mining between 1906 and 1998. Recent exploration activities by previous operators have included mapping, sampling, geophysical surveys and drilling, the Canadian miner said. In 2015, the asset’s mineral resource estimate was published. A

preliminary economic assessment followed in 2017, which outlined a low capital cost, open pit, heap leach mine operation. According to Canamex, the Bruner property holds historic resources of 342,000 ounces of gold contained in 17.5 million tonnes grading 0.61 gram gold per tonne in three zones. Endeavour Silver noted it has not verified those figures and is not relying on them. “Our exploration team will focus initially on verifying the historic resources, then turn its attention to the many exploration targets on the Bruner Property,” Endeavour CEO Dan Dickson stated in a press

release. “We look forward to unlocking the full potential of the Bruner Property with the goal of building a new mining operation in another historic mining district in Nevada.” This year Nevada took the title of the world’s top mining destination in the latest survey of resource and exploration companies released in February by the Fraser Institute. Together with the area’s known gold and silver potential, Nevada’s lithium deposits also have been in the spotlight in recent years, especially due to their proximity to North America’s only lithium mine — Albemarle’s (NYSE: ALB) Silver Peak. TNM

An outcrop at Probe Metals’ Val-d’Or East gold project in Quebec. PROBE METALS

BY CECILIA JAMASMIE

Battle for Noront heats up with BHP’s US$258 million bid M&A

| Noront is recommending shareholders accept the offer

BY CECILIA JAMASMIE

HP (NYSE: BHP; LSE: BHP; ASX: BHP) has offered $325 million (US$258.45 million) for Canada’s Noront Resources (TSXV: NOT), trumping a bid by Australian mining billionaire Andrew Forrest’s Wyloo Metals, as top miners race to secure supplies of battery metals. The world’s largest miner is offering $0.55 per share for Noront, representing a premium of 129% to Noront’s closing share price on May 21, a day before Wyloo’s proposal. Noront is recommending shareholders accept the bid, which comes through BHP Lonsdale, a subsidiary that already owns 3.7% of the junior. “BHP has the financial strength, world-class mining expertise, and commitment to work in partnership with stakeholders to advance Eagle’s Nest and the Ring of Fire, which has the potential to deliver benefits to local communities, First

Nations, and Ontario for years to come,” Alan Coutts, Noront’s CEO, said in a press release. BHP is speeding up its push into so-called future-facing commodities, including nickel, lithium and copper, which are poised to benefit from the green-energy transition. “Noront represents a growth opportunity in a prospective nickel basin capable of delivering a scalable, new nickel-sulphide district,” the Australia mining giant said in the statement. Wyloo Metals, which is Noront’s top shareholder with a 23% stake as of December 2020, had in May offered $0.315 per share for the stock it did not already hold in the company. Noront adopted a poison pill to stop the takeover. BHP’s offer comes on the heels of its decision to move the exploration team’s headquarters to Toronto, Canada’s most populous city. The company plans to almost double exploration spending for base

metals within five years. Noront owns the early-stage Eagle’s Nest nickel and copper deposit in northern Ontario’s Ring of Fire. It has been billed by Wyloo as the largest high-grade nickel discovery in Canada since the Voisey’s Bay nickel find in the eastern province of Newfoundland and Labrador. Eagle’s Nest is expected to begin commercial production in 2026 with the mine running initially for 11 years. The mine’s start date has repeatedly been pushed back by Noront due to successive federal and provincial governments’ inability to consult and reach unanimous agreement with First Nations in the area. BHP’s offers coincides with Canada’s push to position the country as a hub for clean-tech metals. The bid is conditional on the acceptance of shareholders that own more than 50% of Noront’s common shares, excluding the small stake that BHP already owns. TNM

ldorado Gold (TSX:ELD; NYSE:EGO) has bought an 11.5% stake in Quebecfocused explorer Probe Metals (TSXV: PRB; US-OTC: PROFB) in a deal worth about $23.7 million (US$18.9 million). The acquisition of 15.04 million common shares of Probe at $1.575 each follows Eldorado’s friendly takeover earlier this year of QMX Gold, another junior with assets in Quebec’s resource-rich Abitibi Greenstone Belt. The buyout increased Eldorado’s footprint and landholdings in the area by approximately 550%. Probe Metals owns several gold properties relatively close to Eldo-

rado’s Lamaque gold mine, including the Val-d’Or East project. Depending on market conditions, the company may raise or decrease its stake in Probe, Eldorado said. The Vancouver-based miner is in the midst of building a US$24million tunnel at Lamaque, its only Canadian operation, which began production in 2019. The project, which will allow the company to grow production and reduce energy use, is expected to be finished in the first half of 2022. Outside Canada, Eldorado has mining, development and exploration operations in Greece, Turkey, Romania and Brazil, but has increased its focus on Canada in recent years. TNM

3D PROJECT VISUALIZATION SERVICES

SPECIAL FOCUS

USA

TOP TEN Top Ten Canadian companies with assets in the U.S. BY NORTHERN MINER STAFF

The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its top ten list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization, as of July 7. The data was compiled by our sister company, MiningIntelligence. 1. BARRICK GOLD Market cap: $47.23 billion (US$37.98 billion) Toronto-based Barrick Gold (TSX: ABX; NYSE: GOLD) has projects in 13 countries worldwide. But the company’s U.S. operations have been crucial in maintaining its leading position on the list, especially its operations in Nevada. In 2019, the company joined forces with Newmont (TSX: NGT; NYSE: NEM) to create Nevada Gold Mines (NGM). NGM oversees the world’s largest gold mining complex, with assets that include ten underground mines and 12 open pit mines, three of which are considered tier-one. Additional assets are two roaster facilities, two autoclave facilities, two flotation facilities and four oxide mills. Barrick operates NGM and owns 61.5% of the company, with Newmont holding the remaining ownership. Preliminary June-quarter gold production was lower than in the prior quarter, with planned maintenance shutdowns at NGM’s processing facilities further impacted by a mechanical mill failure at Carlin’s Goldstrike roaster. In 2020, Barrick’s share of NGM’s total output of gold amounted to 2.13 million ounces. However, in just the first quarter of 2020, Barrick’s share from

NGM was 546,000 oz. gold. The second quarter added 452,000 oz. gold from the mine complex, and the company predicts that NGM’s production output for all of 2021 will amount to between 2.1-2.25 million oz. gold. 2. TECK RESOURCES Market cap: $14.69 billion (US$11.8 billion) The key to Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) U.S. presence is its zinc mine in northwestern Alaska. The Red Dog operation, located 180 km above the Arctic Circle in a remote part of the state, is one of the reasons Teck is the world’s third-largest producer of mined zinc. The sprawling operation is 85 km inland from the Chukchi Sea that separates Alaska from Siberia. It has been producing since late 1989 and is expected to remain in production until 2031. Red Dog produced 490,700 tonnes of zinc during 2020, about 11% less than the 552,400 tonnes produced in 2019. The Vancouver-based company says gross profits from the mine amounted to $717 million last year. Concentrates from Red Dog are shipped south to Teck’s metallurgical facilities in Trail, B.C., and to customers in Asia and Europe. Teck expects the 2021 production of zinc in concentrate, includ-

Kinross Gold’s Fort Knox gold mine in Alaska’s Fairbanks mining district. KINROSS GOLD

ing co-product zinc production from the copper business unit, to be in the range of 585,000-610,000 tonnes. It expects lead production from Red Dog to be in the range of 85,000-95,000 tonnes in 2021. Teck’s other U.S. operation, the Pend Oreille zinc mine in the far northeastern corner of Washington state, closed at the end of July 2019. At the time, Teck blamed a slowing demand for refined metals and a surplus of unrefined ore in the market. 3. KINROSS GOLD Market cap: $10.19 billion (US$8.19 billion) Kinross Gold (TSX: K; NYSE: KGC) is another Canadian miner focused on American properties to bolster its bottom line. While

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its portfolio includes mines in Brazil, West Africa and Russia, it is Kinross’ U.S. operations that made up most of the company’s goldequivalent production last year. The company’s wholly-owned open pit mines are located in Alaska and Nevada. The northernmost operation, Fort Knox, is located near the city of Fairbanks and is one of the few cold weather heap leach facilities in the world. In 2019, the site poured its eight millionth ounce of gold, and 2020’s overall production was 237,925 oz. gold-equivalent. While it had been nearing the end of its mine life, Kinross has developed the adjacent Gilmore expansion project, which would extend operations at the site until 2030. In Nevada, Kinross has two operational, open-pit mines. Round Mountain, located in the southcentral part of the state, produced 324,277 oz. gold-equivalent (GEO) in 2020, down slightly from the year before. Round Mountain’s estimated mine life extends to 2024, with stockpile milling and residual leaching continuing until 2027. The company’s other Nevada property, Bald Mountain, is the most extensive private mining land package in the U.S., located along the southern extension of the prolific Carlin Trend about 110 km from the city of Elko. The open pit, heap leach operation’s 2020 production was 191,282 GEOs. 4. CAMECO Market cap: $9.27 billion (US$7.46 billion) Cameco’s (TSX: CCO; NYSE: CCJ) operations and investments span the nuclear fuel cycle, from exploration to fuel manufacturing. The company is one of the world’s largest uranium producers with assets on three continents. It sells uranium and fuel services

to nuclear utilities in 12 countries, with sales commitments in 2021 to supply about 113 million lb. U3O8 and over 53 million kilograms of uranium hexafluoride (UF6). Its uranium operations include Cigar Lake, McArthur River/ Key Lake and Rabbit Lake in northern Saskatchewan; Inkai in Kazakhstan; and Smith RanchHighland in Wyoming and Crow Butte in Nebraska. Its advanced projects include Millennium in northern Saskatchewan and Kintyre and Yeelirrie in Western Australia. In its fuel services division, it owns the Blind River refinery, the world’s largest uranium refinery; the Port Hope Conversion facility, one of only four commercial suppliers in the western world of uranium hexafluoride (UF6), which is exported to be enriched for use in light water reactors; and Cameco Fuel Manufacturing, the largest Canada-based supplier of components for CANDU reactors. Last year, with many of its uranium mine operations on care and maintenance, it produced five million lb. U3O8 and generated $57 million in cash from operations. The declining figures reflect continued market weakness, resulting in a net loss attributable to shareholders of $53 million for the year. Cameco’s ongoing market discipline and suspension of McArthur River/Key Lake has seen the removal of 18 billion lb. per year of U3O8 from the market. Due to the uncertainty surrounding Covid-19, the company said it would not be able to provide an outlook for 2021 until the rate at which it will be able to sustainably operate the Cigar Lake mine is known. See TOP TEN CANADIAN COMPANIES IN U.S. / 7

SPECIAL FOCUS US TOP TEN

GLOBAL MINING NEWS

An aerial view looking south across the Discovery 1 and 2 zone drill sites, with two rigs drilling on the Discovery 2 zone above a historic pit at Liberty Gold’s Black Pine gold project in southern Idaho. LIBERTY GOLD

Teck Resources’ Red Dog high-grade zinc mine in Alaska. TECK RESOURCES

TOP TEN CANADIAN COMPANIES IN THE U.S. From 6

In February, the Supreme Court of Canada dismissed Canada Revenue Agency’s request to appeal a June 2020 decision on a tax dispute involving the company, which Cameco said would ‘fully and finally’ resolve the 2003, 2005 and 2006 tax years in its favour. 5. SSR MINING Market Cap: $4.39 billion (US$3.54 billion) SSR Mining (TSX: SSRM; Nasdaq: SSRM) SSR Mining is an intermediate precious metals mining company with four producing assets in the U.S., Turkey, Canada and Argentina. The company’s assets primarily produce gold, and also silver, lead and zinc concentrates. The production sites and a global pipeline of high-quality development and exploration assets located in the U.S., Turkey, Canada, Mexico and Peru, form a diversified portfolio of high-margin, long-life assets along several of the world’s most prolific metal districts. The company has an experienced leadership team with a proven track record of delivery and value creation. Across the organization, the company has expertise in project construction, mining (open pit and underground), and processing (pressure oxidation, heap leach and flotation). The company has a strong balance sheet, with $901.6 million in consolidated cash as of March 31, 2021, to support its growth pipeline. The company intends to leverage its balance sheet strength and track record of free cash flow generation to fund growth across the portfolio and facilitate returns to shareholders. The company’s Marigold mine is an open pit operation located along the Battle Mountain-Eureka

Trend in Nevada, U.S. Marigold is a run-of-mine heap leach operation, moving more than 200,000 tonnes of material per day and producing gold doré bars. Marigold is positioned on a land package of about 20,000 hectares. Last year Marigold delivered gold production of 76,941 ounces in the fourth quarter and full-year production of 234,443 ounces, marking quarterly and yearly production records for the operation. Marigold is expected to produce 235,000–265,000 oz. gold in 2021. 6. HUDBAY MINERALS Market cap: $2.08 billion (US$1.67 billion) Hudbay Minerals’ (TSX: HMB; NYSE: HBM) U.S. properties are the Rosemont project in Arizona and the Mason project in Nevada. The Mason deposit, acquired in late 2018, is one of the most significant undeveloped copper resources in the Americas. It is similar in scale to Constancia and Rosemont, with an expected mine life of 19 years. Hudbay’s ability to move ahead with building Rosemont is suspended for the time being. In July 2019, the U.S. District Court for Arizona issued a ruling that vacated the Final Record of Decision (FROD) published by the US Forest Service. Simply put, the judge ruled that the decision to issue the FROD was based on an incorrect interpretation of mining claims. Hudbay has appealed the ruling. The company believes that the court misinterpreted federal mining laws and Forest Service regulations as they apply to Rosemont. Utilizing leading-edge mining technologies, Rosemont will help define safe and sustainable 21stcentury mining practices that will support America’s clean energy economy, the company says.

THE NORTHERN MINER / AUGUST 2–15, 2021

Workers inside Cameco’s uranium conversion plant in Port Hope, Ontario. CAMECO

7. MCEWEN MINING Market cap: $776.03 million (US$624 million) McEwen Mining (TSX: MUX; NYSE: MUX) has precious metals projects spread across North and South America, with its key U.S. production asset the Gold Bar open pit mine in north-central Nevada. It is located 40 km southeast of the Nevada gold mine project jointly owned by Barrick and Newmont. Production at Gold Bar commenced in May 2019, and by year’s end, output totalled 31,712 oz. gold-equivalent. After producing 9,100 oz. gold-equivalent in the first quarter of 2020, operations ceased at the mine on April 1 due to Covid-19 concerns. Production did not resume until May, but Gold Bar still managed to produce 28,000 oz. gold-equivalent in 2020. Toronto-based McEwen updated the Gold Bar resource estimate early in 2021, reporting 499,000 oz. gold contained in 18.61 million tonnes grading 0.92 gram gold per tonne, substantially below the prior estimate of 30 million tonnes grading 0.92 gram gold per tonne, for a total of 819,000 contained oz. gold, with a further 7.58 million tonnes inferred, grading 0.91 gram gold per tonne for 201,000 contained oz. gold. Gold Bar’s estimated after-tax net present value, discounted at 8% and using a gold price of US$1,500 per oz., is in the range of US$62 million-US$76 million; while the upside case at a gold price of US$1,900 per oz. is in the range of US$150 million-US$170 million. The potential mine life is in the range of five to seven years based on currently estimated reserves. McEwen also acquired a property 5.5 km southeast of Gold Bar, known as Gold Bar South. It consists of 109 mining claims and hosts a near-surface oxide gold deposit. An extensive drill program carried out in 2019 led the company to announce that Gold Bar South’s resource estimate (measured and indicated) is 2.06 million tonnes grading 1.07 grams gold per tonne for 64,000 contained oz. gold. 8. LIBERTY GOLD Market Cap: $383.83 million (US$308.62 million) Liberty Gold (TSX: LGD; US-OTC: LGDTF), has two oxide gold projects in America’s Great Basin, one of the world’s top mining jurisdictions. The company is advancing Black Pine, a large highly prospective mineralized oxide gold system in Idaho whose true value and size is only now being unlocked; and Goldstrike, an oxide gold resource in Utah at the preliminary economic assessment stage. Combined, the company is building toward a multi-millionounce oxide gold resource, with the aim of creating value at scale. Black Pine is a Carlin-style, sedi-

mentary rock-hosted (Carlin-style) gold property located in Cassia County, southern Idaho. It is host to a past-producing heap leach gold mine that operated from 1991 through 1998. During this time, it produced about 435,000 oz. gold at a historical grade of 0.7 gram gold per tonne from seven shallow pits. In 2021, Liberty Gold will continue to advance its Black Pine and Goldstrike projects, with a primary focus on confirming Black Pine’s potential to host a tier one oxide gold deposit. Earlier this month, Liberty Gold announced a maiden resource estimate for Black Pine. The project contains 105.1 million indicated tonnes grading 0.51 gram gold per tonne for 1.7 million oz. of gold and inferred resources of 31.2 million tonnes averaging 0.37 gram gold per tonne for 370,000 ounces. The estimate used a cut-off grade of 0.2 gram gold per tonne. Around 74% of the resource ounces lie within the Discovery zone, centered on the higher-grade oxide gold D-1, D-2, and D-3 discoveries, with the remaining 26% in seven additional satellite zones. In the Discovery Zone area in particular, a higher-grade subset of the resource at a cut-off grade of 0.5 gram gold per tonne, consists of 30.52 million tonnes grading 1.04 grams gold per tonne for 1.02 million oz. of gold and inferred resources measure 4.44 million tonnes averaging 0.94 gram gold per tonne for 134,000 gold ounces. The company intends to release a preliminary economic assessment for Black Pine before year end. Other project and development activities in 2021 will include completion of phase three metallurgical testing and the purchase of private land and water rights. 9. AMERICAS GOLD AND SILVER Market Cap: $260.76 million (US$209.67 million) Americas Gold and Silver (TSX: USA; NYSE-AM: USAS) is a precious metals producer advancing its 100%-owned Relief Canyon gold mine to full production in Nevada, U.S. It also has two existing operations in the world’s leading silver regions: the Cosalá operations in Sinaloa, Mexico and the Galena Complex in Idaho, U.S. In Nevada, the company operates the Relief Canyon mine in Pershing County. The mine poured its first gold in February 2020 and declared commercial production in January 2021. The past-producing mine includes three historic open pit mines, a newly constructed crusher, ore conveyor system, leach pads, and a refurbished heap-leach processing facility. The landholdings at Relief Canyon and the surrounding area cover over 11,700 hectares, providing the

company the potential to expand the Relief Canyon deposit and to explore for new discoveries close to existing processing infrastructure. In Idaho, the company operates the 60%-owned producing Galena Complex (40%-owned by Eric Sprott) whose primary assets are the operating Galena mine, the Coeur mine, and the contiguous Caladay development project in the Coeur d’Alene mining district of the northern Idaho Silver Valley. The Galena Complex has recorded production of over 230 million ounces of silver along with associated by-product metals of copper and lead over a production history of more than sixty years. The company has entered into a joint-venture agreement with Sprott effective October 1, 2019 for a 40% non-controlling interest of the Galena Complex with an initial contribution of US$15 million to fund capital improvements and operations. The goal of the joint venture agreement was to position the Galena Complex to significantly grow resources, increase production, and reduce operating costs at the mine over the next two years. In the interim, the company has suspended disclosing certain operating metrics such as cash costs, and all-in sustaining costs for the Galena Complex until the recapitalization plan is substantially complete. 10. ENCORE ENERGY Market Cap: $249.19 million (US$200.36 million) enCore Energy (TSXV: EU; US-OTC: ENCUF) is a domestic uranium developer in the U.S. focused on becoming a leading insitu recovery (ISR) uranium producer. enCore Energy’s opportunities are created from the company’s transformational acquisition of its two South Texas production facilities, the global uranium supplydemand outlook and opportunities for industry consolidation, the company says. The company holds a portfolio of uranium assets located in Texas, New Mexico, Wyoming, Utah and Arizona, U.S. The portfolio is headlined by the Rosita and Kingsville Dome licenced ISR uranium production facilities with combined nameplate capacity of over 1.6 million pounds of uranium oxide in South Texas. The company also owns more than 300,000 acres of private mineral rights in New Mexico that include all of or the majority of the Crownpoint & Hosta Butte, Nose Rock, West Largo and Ambrosia Lake–Treeline properties. enCore also controls nearly 19,000 acres of private land leases including the Marquez-Juan Tafoya property. enCore Energy also holds 35.3% of Group 11 Technologies. TNM

AUGUST 2–15, 2021 / THE NORTHERN MINER

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Top ten US-based mid-tiers to juniors, excluding coal and precious metals BY NORTHERN MINER STAFF

The companies making up the 2021 top ten list of U.S.-based mid-tiers and juniors, excluding coal and precious metals, have seen some of the most dramatic increases in valuations as their market caps surged over the course of the last year. This ranking is based on the companies’ market capitalizations as of July 7, as compiled by MiningIntelligence. 1. ENERGY FUELS Market cap: US$773 million The runaway success story of the last year has been Energy Fuels (TSX: EFR; NYSE: UUUU), which did not make the ranking in 2020 but has taken the top position this year with a market cap of US$773 million, thanks to the renewed interest in nuclear energy and rare earth elements (REEs). The Colorado-based company is now the leading producer of uranium in the U.S., as well as a major producer of vanadium and an emerging producer of REEs. It has assets in Utah, Wyoming, Texas, Arizona, Colorado, and New Mexico. These include its key uranium production centres: the White Mesa mill in Utah, the Nichols Ranch in-situ recovery project in Wyoming, the Alta Mesa in-situ recovery project in Texas and the Pinyon Plain mine in Arizona. Located in southeastern Utah, White Mesa is the only conventional uranium mill currently operating in the U.S., with a licensed capacity of over 8 million lbs. of U3O8 per year. It also has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uraniumbearing ores. In early July, the company sent the first shipment of mixed rare earth carbonate concentrate to Neo Performance Materials’ (TSX: NEO) Silmet rare earth separation facility in Estonia, where it will be separated into rare earth oxides and other rare earth products. The 20 tonnes of concentrate were produced at Energy Fuels’ White Mesa mill and is the first of an expected 15 shipments to be sent to Neo’s facility, creating a new rare earth supply chain linking the U.S. to Europe. The two companies also signed a definitive supply agreement under which Energy Fuels can send all or a portion of its rare earth carbonate concentrate to Neo’s Silmet processing facility for a minimum period of three years. 2. URANIUM ENERGY Market cap: US$546 million Uranium Energy (NYSE-AM: UEC) maintains its number two spot on the top ten list, but the Texas-based company has seen its market cap almost triple from US$186 million in late-July 2020 to US$546 million this year. The uranium exploration and mining company’s operations are focused around its Hobson in-situ recovery uranium processing facility, located about 100 km northwest of the Texas city of Corpus Christi. The plant is central to the company’s other assets in the southern part of the state, including the Palangana in-situ recovery mine and the fully permitted Burke Hollow and Goliad in-situ recovery projects. Uranium Energy also has assets in Wyoming, New Mexico,

Arizona, Colorado, Saskatchewan and Paraguay. The company’s Palangana mine began production in late 2010. The measured and indicated resource estimate for Palangana is 357,000 tonnes grading 0.135% U3O8 for 1.06 million lbs. U3O8, with inferred resources of an additional 298,000 tonnes grading 0.176% U3O8 for 1.2 million lbs. U3O8. In May, the company announced it had increased its physical and equity uranium holdings, including the acquisition of 200,000 lbs. of warehoused uranium. Uranium Energy now has 2.3 million lbs. of warehoused uranium in the U.S. at a volume weighted average price of about US$30 per lb. with various delivery dates out to June 2023 that can be processed through its Hobson facility. 3. INTREPID POTASH Market cap: US$416 million Denver-based Intrepid Potash (NYSE: IPI) has risen from its fifth position in 2020 to take the number three spot this year. Intrepid is a supplier of high-quality potassium, magnesium, sulfur, salt and water products used in agriculture, animal feed and the oil and gas industry. The company is the only U.S. producer of muriate of potash, which is used in several industrial applications and as an ingredient in animal feed. It currently supplies about 3.5% of the country’s annual consumption of muriate of potash. Intrepid’s mineral production comes from three solar solution facilities at Carlsbad, New Mexico, and Moab and Wendover in Utah. It also has a conventional underground mine, also located at Carlsbad. The Carlsbad mine hosts one of the largest known reserves of langbeinite, a naturally occurring fertilizer that the company markets under the brand name Trio. Trio is a specialty fertilizer, which delivers potassium, magnesium and sulfate in a single particle. The company saw strong domestic sales volume for potash and its Trio fertilizer in the last quarter of 2020, as favourable weather, rising commodity prices and compelling farm economics drove early season fertilizer demand that continues into 2021. Intrepid also serves the oil and gas, de-icing and dust control industries. Its Carlsbad location produces premium 10 lb. brine used by fracking operations in the U.S., while its Wendover facility produces liquid magnesium chloride, a critical compound for de-icing and dust control. 4. NIOCORP DEVELOPMENTS Market cap: US$266 million NioCorp Developments (TSX: NB; US-OTC: NIOBF) is focused on developing a superalloy materials project in southeastern Nebraska. The Colorado-based company

A train near Intrepid Potash’s Carlsbad project in New Mexico. INTREPID POTASH

plans to produce three commercial critical mineral products at its proposed Elk Creek mine: niobium, scandium and titanium. NioCorp is also considering the production of several magnetic rare earth products at the site. Elk Creek would be North America’s only niobium/scandium/ titanium project and include an advanced materials manufacturing facility located by the proposed underground mine. The superalloy metals found at Elk Creek include the highest-grade niobium on the continent, and one of the largest prospective sources of scandium in the world, the company says. The company released a feasibility study in April 2019 that estimated average annual production at Elk Creek of 7,220 tonnes ferroniobium, 95 tonnes scandium trioxide and 11,642 tonnes titanium dioxide. The mine’s expected lifespan is 36 years. The study pegged initial total net capex for Elk Creek at US$1.14 billion, with gross revenue of US$20.8 billion over the life of the mine. In April, NioCorp announced it had purchased a key land parcel associated with Elk Creek, giving the company ownership of the mineral rights to more than 90% of the project’s mineral resources and mineral reserves. In June, NioCorp initiated testing of mineralized material from Elk Creek, using highpressure grinding rolls (HPGR) technology. HPGR technology is an energy efficient and low-emission alternative for reducing the size of the ore to enable the recovery of niobium, scandium, titanium and potential rare earth products. The testing involves taking about three tonnes of drill core from the site and reducing it to the one-millimetre size required for hydrometallurgical assessment. 5. UR-ENERGY Market cap: US$241 million Ur-Energy (TSX: URE; NYSE-AM: URG) has a number of uranium projects in Wyoming, the most important being its Lost Creek insitu recovery facility. Other assets include the Shirley Basin and Lost Soldier projects, and the Lucky Mc Mine site, all located in the state, as well as the Excel project, the company’s first gold exploration venture located in west-central Nevada.

Drill rigs at NioCorp Developments’ Elk Creek niobium project in southeastern Nebraska. NIOCORP DEVELOPMENTS

The Lost Creek property is composed of six individual contiguous projects about 61 km from the city of Casper in south-central Wyoming. The company began uranium production activities at its fully licensed Lost Creek project in August, 2013, with the first sales of yellowcake from the site made in December of that year. The other five projects at the property were acquired as exploration targets to provide supplemental resources. An amended preliminary economic assessment issued in 2016 for the Lost Creek project was based on a resource estimate of 14.6 million lbs. U3O8 in the measured and indicated categories, with 6.44 million lbs. U3O8 in the inferred category. The company currently estimates the remaining life of the

mine is between 12-15 years. Since production began, Lost Creek has produced 2.7 million lbs. of U3O8 from the first two mine units at the property. The company now has nine licensed mine units, with six additional units added to the Lost Creek license in early 2021. This recent license amendment also increased the limit for annual plant production to 2.2 million lbs. U3O8, which includes wellfield production of up to 1.2 million lbs. U3O8 and toll processing up to another 1 million lbs. U3O8. See TOP TEN U.S.-BASED MID-TIER AND JUNIOR COMPANIES EXCLUDING COAL AND PRECIOUS METALS / 9

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Uranium Energy’s Palangana ISR uranium mine in south Texas.

6. WESTWATER RESOURCES Market cap: US$139 million Another company making its first appearance on the top ten list is Westwater Resources (NYSE-AM: WWR). The exploration and development company has seen its valuation increase because of its focus on U.S.-sourced mineral resources for clean energy produc-

main Round Top site is 385 hectares and Texas Mineral’s holds renewable leases from the state for the property. It also holds prospecting permits on areas adjacent to the main Round Top site covering an additional 3,785 hectares. Though Round Top’s unique geology was first recognized about 25 years ago, it has only been the recent need to

7. TEXAS MINERAL RESOURCES Market cap: US$128 million Mineral exploration company Texas Mineral Resources (USOTC: TMRC) slips from the third position it held last year but continues to maintain a strong presence by targeting heavy rare earth elements (REEs), technology metals and industrial minerals at its Round Top Mountain deposit. The Round Top project is situated about 135 km southeast of El Paso, near Sierra Blanca in the Texas county of Hudspeth. The

URANIUM ENERGY

Energy Fuels’ White Mesa mill in Utah. ENERGY FUELS

tion, especially from Westwater’s flagship Coosa advanced battery graphite project in Alabama. Coosa is located about 80 km southeast of Birmingham and comprises 17,000 hectares within the historic, past-producing Alabama graphite belt, which was home to significant production from the late 1800s until the 1950s. Westwater acquired the mineral rights to the project in 2018 and Coosa is now the most advanced graphite project in the lower 48 states of the U.S., the company says. A preliminary economic assessment for Coosa was completed in late 2015 and was based on an indicated resource of 71.2 million tonnes grading 2.39% graphitic carbon at a 1% cut-off grade, for 1.7 million tonnes contained/insitu graphite, the largest graphite indicated resource in the U.S., according to the company. Inferred resources are 72 million tonnes grading 2.56% graphitic carbon at a 1% cut-off grade for 1.85 million tonnes contained graphite. The company has applied for a U.S. patent for a new, environmentally sustainable proprietary process for purifying graphite. Westwater initiated a pilot program at Coosa in late 2020 that has purified 16,675 kg of graphite material needed for battery production, including 1,700 kg of spherical purified graphite. A definitive feasibility study is underway and scheduled for completion in the third quarter of this year. The company expects full scale production of battery-grade graphite from purchased feedstock to begin in 2022, with mining expected to commence at the Coosa deposit starting in 2028.

THE NORTHERN MINER / AUGUST 2–15, 2021

establish domestic sources of REEs in the U.S. that has created more interest in the project. The Round Top deposit contains 16 of 17 rare earths, including all 11 heavy REEs and five light REEs, most importantly all five REEs required to make permanent magnets. A 2019 preliminary economic assessment forecast annual production at the Round Top project of 2,213 tonnes of REEs, of which over 1,900 tonnes are heavy REEs. The life of the open pit mine is estimated at 20 years, but that is based on mining only 14% of the existing mineral resource. In 2019, Texas Minerals signed a development agreement with privately held USA Rare Earths. Then, in late May of this year, USA Rare Earths exercised its option to acquire 80% of the Round Top project, with Texas Minerals retaining 20% ownership through its subsidiary, Round Top Mountain Development LLC. USA Rare Earths also completed a US$50 million Series C funding round and is now funded through completion of a definitive feasibility study for the project. The definitive feasibility study will include findings from a pilot plant that will be built at Round Top later this year. 8. SCANDIUM INTERNATIONAL MINING Market cap: US$54 million Based in Nevada, Scandium International Mining (TSX: SCY; US-OTC: SCYYF) is working towards developing the world’s first primary scandium mine, its 100%owned Nyngan project in New South Wales, Australia. The company also has two other assets, the 100%-owned Honeybugle exploration project, which is adjacent to Nyngan, and the Kiviniemi exploration project in Finland. All are focused on scandium. Nyngan, located about 500 km northwest of Sydney, is the company’s flagship project, and Scandium International is focused on advancing it to construction, and then producing scandium that will be used for advanced aluminum alloys. Scandium’s primary asset is a 2,925-hectare property located 25 km from its namesake town of Nyngan. It consists of two exploration licenses and the company

Texas Mineral Resources’ Round Top project in southwestern Texas. TEXAS MINERAL RESOURCES.

has been developing the project since 2010. A feasibility study in May 2016 estimated average annual production of 38,000 kg of scandium oxide at grades of 9899.9% scandium oxide. The study envisioned a 20-year life of mine generating an after-tax cumulative cash flow of US$629 million, with a post-tax net present value at a 10% discount rate of US$177 million. In late April, the company received two separate patents in the U.S. related to its work developing applications of scandium in lithium-ion batteries. One is for the recovery of scandium from copper raffinate solutions via ion exchange techniques and the second for the manufacture of aluminumscandium master alloys via these defined techniques. Both patents are applicable to the company’s intent to produce scandium products for use in both aluminum alloys and other technical applications. 9. AZARGA URANIUM Market cap: US$51 million Azarga Uranium (TSX: AZZ; USOTC: AZZUF) maintains the same spot on the top ten list from last year, but has seen its market cap almost double as interest in domestically sourced uranium in the U.S. has increased. The company is focussed on developing low-cost in-situ uranium recovery operations in the U.S., with its initial development priority being the Dewey Burdock project. Azarga’s 100%-owned Dewey Burdock is an in-situ uranium recovery project located in the southwestern part of South Dakota, in the Edgemont uranium district, and is comprised of about 5,100 hectares. In December 2020, the company released an amended preliminary economic assessment for Dewey Burdock, based on measured and indicated resources of 6.7 million tonnes grading 0.116% U3O8 for 17.1 million lbs. U3O8. The inferred resource stands at 586,000 tonnes grading 0.055% U3O8 for 712,624 lbs. U3O8. Azarga is completing its regulatory permitting. The company has been issued a federal Nuclear Regulatory Commission license, as well as its final class III and class V underground injection control permits from the U.S. Environmental Protection Agency.

10. UNITED STATES ANTIMONY Market cap: US$50 million Montana-based United States Antimony (NYSE-AM: UAMY) is focused on the strategic metal antimony and is the only significant producer of antimony oxide, antimony metal and antimony trisulfide in the U.S., with most of its raw materials sourced in North America. Antimony is one of 35 federally designated critical minerals in the U.S. because of its use in national defense, technology and green energy. Australia, Canada and the European Union also classify antimony as a critical mineral. United States Antimony began operations in Montana in 1969, and is now a fully integrated mining, transportation, milling, and smelting company with operations in the U.S. and Mexico. Its Thompson Falls facility is in the Burns mining district of western Montana, about 24 km from the city of Thompson Falls. It has a smelter and precious metal refin-

ery, with a capacity to produce 15 million lbs. of antimony oxide per year, as well as antimony metal and antimony tri-sulfide. In Mexico, the company has production facilities at Madero in the northern state of Coahuila, Puerto Blanco in the central state of Guanjuato, and Wadley in the central state of San Luis Potosi. Four Mexican mines are the primary source for its production facilities: Wadley (in the state of San Luis Potosi), Los Juarez (Queretaro state), Sierra Guadalupe (Zacatecas state) and Soyatal (also in Queretaro state). In early May, the company signed a collaboration agreement with Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) to study the feasibility of processing Perpetua’s antimony concentrates at United States Antimony’s facilities. Perpetua is in the permitting process for a major antimony and gold resource in Idaho, and the potential partnership would represent the only domestically mined and refined antimony products in the U.S. TNM

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Top ten US-based mid-tier and junior precious metal companies BY NORTHERN MINER STAFF

This year’s ranking of the top ten U.S.-based midtier and junior precious metals companies based on market capitalization as of July 7, features a number of new entrants including i-80 Gold and Gatos Silver. The data was compiled by our sister company MiningIntelligence. 1. COEUR MINING Market Cap: US$2.1 billion Coeur Mining (NYSE: CDE) retained its number one spot on this year’s top ten list. The precious metals producer headquartered in Chicago, Illinois, has five mines: the Palmarejo gold-silver complex in Mexico; the Rochester silver-gold mine in Nevada; the Kensington gold mine in Alaska; the Wharf gold mine in South Dakota; and the Silvertip silverzinc-lead mine in the Canadian province of British Columbia. In addition, Coeur has several precious metals exploration projects, including Sterling and Crown in Nevada, about 185 km north of Las Vegas, and the La Preciosa project in Mexico’s Durango state, about 85 km northeast of the city of Durango. Production from four of its five mines last year were as follows: The underground Palmajero mine located in the Sierra Madre Occidental mountain range in the western portion of Chihuahua state, produced 6.3 million oz. of silver and 110,608 oz. of gold; the open-pit and heap leach Rochester mine, 42 km northeast of the city of Lovelock, produced 3.2 million oz. of silver and 27,147 oz. of gold; the underground Kensington mine, 72 km north-

west of Juneau, produced 124,867 oz. gold; and the open pit and heap leach Wharf mine in the northern Black Hills of western South Dakota produced 93,056 oz. gold. Mining and processing activities at its underground Silvertip mine, 16 km south of B.C.’s border with the Yukon, were suspended in early 2020 due to unfavorable market conditions as well as ongoing operational challenges. Exploration drilling and engineering studies are underway to assess a potential restart. 2. GATOS SILVER Market Cap: US$1.1 billion Gatos Silver (TSX: GATO; NYSE: GATO) is focused on its Cerro Los Gatos mine in Mexico, about 120 km south of Chihuahua City in the heart of the country’s silver belt. Cerro Los Gatos is the company’s first commercially producing mine in the Los Gatos district. The company shipped its first lead and zinc concentrates in September 2019 and the mine achieved commercial production levels by the end of that year. The company sells its concentrate material, which contains zinc, lead, silver and gold, to smelters in Mexico and Japan, as well as to other locations through intermediaries.

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Hycroft Mining’s namesake mine in the United States. HYCROFT MINING

The Cero Los Gatos mine has measured and indicated resources of 10.4 million tonnes grading 269 grams silver per tonne, 2.7% lead, 5.5% zinc, 0.34 gram gold per tonne and 0.11% copper along with 3.7 million inferred tonnes grading 107 grams silver per tonne, 2.8% lead, 4.0% zinc, 0.28 gram gold per tonne and 0.14% copper. In addition to the mine, the company has two other deposits in the district — Esther and Amapola. The Esther deposit contains indicated resources of 0.46 million tonnes grading 0.7% lead, 2.1% zinc, 133 grams silver, 0.04 gram gold, and 0.02% copper, as well as 2.29 million inferred tonnes grading 1.6% lead, 3% zinc, 98 grams silver, 0.12 gram gold, and 0.05% copper. Its Amapola deposit has 0.25 million indicated tonnes grading 0.1% lead, 0.3% zinc, 135 grams silver, 0.1 gram gold and 0.02% copper, and inferred resources of 3.44 million tonnes grading 0.2% lead, 0.3% zinc, 140 grams silver, 0.1 gram gold, and 0.03% copper. According to the company, there is exploration upside as more than 85% of its land position has yet to be drilled. In March the company said 2021 will be “a year of optimization” and forecast annual metal production will come in at 7.5-7.9 million oz. silver, 40-42 million lb. lead, and 49-52 million lb. zinc at an all-in sustaining cost of US$17$17.50 per oz. silver. 3. ARGONAUT GOLD Market Cap: US$752.8 million Canadian gold miner Argonaut Gold (TSX: AR) moved from second place last year to third place this year. The company, headquartered in Reno, Nevada, has assets in Canada, the United States, and Mexico. Its primary assets are the openpit El Castillo and San Agustin mines, which together form the El Castillo complex in Mexico’s Durango state, about 100 km north of the city of Durango. It also owns the La Colorada open pit mine in Sonora state, about 40 km southeast of Hermosillo. In the U.S., it owns the production stage Florida Canyon open-pit mine in Nevada, about 72 km southwest of

Winnemucca. Argonaut also has advanced exploration projects including the Cerro del Gallo open-pit project in Guanajuato, Mexico, about 30 km west of the Guanajuato airport, the Ana Paula open-pit project in Guerrero, Mexico, about 180 km from Mexico City, and the Magino open-pit project in Ontario, Canada, about 40 km northeast of Wawa. In addition it holds the San Antonio open-pit project in Baja California Sur, about 40 km southeast of the port city of La Paz, and several other exploration stage projects in North America. The company produced 203,483 gold-equivalent ounces in 2020 at a cash cost of US$936 per oz. and ended the year with a cash balance of about US$214 million. In January the company forecast it will produce between 210,000 and 250,000 gold-equivalent ounces at a cash cost of between US$950 and US$1,050 per ounce. 4. I-80 GOLD Market Cap: US$346.8 million i-80 Gold (TSX: IAU) was creaed as a spin-out of Premier Gold Mines’ assets in the United States (South Arturo, Granite Creek, and McCoy-Cove). Equinox Gold acquired Premier this year. The company has a 40% stake in the South Arturo property in partnership with Nevada Gold Mines, a joint-venture between Barrick Gold and Newmont, which owns the remaining 60% stake. The project is located along the northern section of Nevada’s Carlin Trend, and includes both open-pit and underground reserves and resources that are open for expansion. The El Nino underground mine at South Arturo started commercial production in the third quarter of 2019 and mineralized material is processed primarily at Nevada Gold Mines’ Goldstrike mine about 8 km to the south. The partnership is examining potential development opportunities at South Arturo, including potential heap leach projects. Granite Creek, in which i-80 owns 100%, is located at the intersection of the Getchell and Battle Mountain Trends near Nevada Gold Mines’ Twin Creeks and

Turquoise Ridge mines. The project has open-pit and underground resources that, like South Arturo, are open for expansion, and there is also an underground mine (Pinson) on the property. Pinson is permitted and on care and maintenance. Exploration continues on the project and the company expects to complete a preliminary economic assessment this year. The company also owns 100% of McCoy-Cove, located on Nevada’s Battle Mountain Trend, near Nevada Gold Mines’ Phoenix operation. According to i-Gold, the project contains “one of the highest-grade undeveloped gold deposits in Nevada.” A preliminary economic assessment was completed in 2020 and the company is working on a decline in order to undertake definition drilling from underground ahead of a full feasibility study. 5. GOLD RESOURCE Market Cap: US$191.3 million Gold Resource (NYSE-AM: GORO) ranked third in last year’s top ten list. The company is focused on the southern state of Oaxaca, Mexico. Its flagship project, Aguila, hosts the Arista underground polymetallic deposit (gold, silver, copper, lead and zinc). Initial production from the Arista mine began in March 2011. Ore is trucked to the El Aguila mill about 2 km away, where it is processed into three separate concentrates: copper/gold, lead/silver, and zinc. The company continues to drill the extensions of the Arista deposit, which it discovered in 2007. Its second operating underground mine, Mirador, is situated on the company’s Alta Gracia project, and mineralization is sent to the Arista mill. The company controls about 684 sq. km in Oaxaca, and its four exploration properties are all within trucking distance of the El Aguila mill. Last year marked ten years of production, and the company produced 20,473 oz. of gold, 1.2 million oz. of silver, 1,593 tonnes of See US TOP TEN PRECIOUS METAL MID-TIERS AND JUNIORS / 11

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US TOP TEN PRECIOUS METAL MID-TIER AND JUNIORS From 10

copper, 7,725 tonnes of lead and 19,696 tonnes of zinc. 6. HYCROFT MINING Market Cap: US$167.1 million Hycroft Mining (NASDAQ: HYMC) is a gold and silver producer that operates the Hycroft mine in the United States. According to the company’s president and CEO, Diane Garret, who joined the company last year, Hycroft “is a top 20 global gold deposit and it is the second largest global silver deposit located in the world-class mining region of northern Nevada.” The mine, about 87 km west of Winnemucca, straddles the counties of Humboldt and Pershing, and started production from sulphide ore in 2019. It has an estimated mine life of 34 years. Last year the mine produced 27,392 oz. of gold and 178,836 oz. of silver. The company forecasts run-of-mine production in 2021 of 45,000 to 55,000 oz. of gold and 400,000-450,000 oz. of silver using conventional cyanide heap leach methods. The company describes 2020 as a “year of change” as it brought in a new senior executive management team in early September, which then set up a technical team with skills “for implementing complex processing technologies.” The team then began a review of the mine and started to cut costs and improve “operational shortcomings.” Hycroft has also been looking at ways to improve “operating parameters for the two-stage sulfide heap oxidization and leach process.” In addition, the company has earmarked about US$10 million for drilling and additional metallurgical and mineralogical studies this year. The plan for 2021, the company says, is “designed to enhance its understanding of gold and silver recoveries across the ore body as it sets the stage for the future ramp-up to full-scale mining and production” at Hycroft. The mine plan has also been designed to “maximize cash flows by optimizing a conventional run-ofmine cyanide heap leaching operation to treat oxide and transitional ore using its existing leach pads while also efficiently sequencing pit development that positions the company to access sulphide ore.” 7. GOLD RESERVE Market Cap: US$163.8 million Ranked fourth in the 2020 top ten list, Gold Reserve (TSXV: GRZ; US-OTC: GDRZF) owns a 45% interest in the Siembra Minera goldcopper project in Venezuela’s Km 88 district. The government of Venezuela owns a 55% stake. The company is working on collecting payments under a settlement agreement for its Brisas gold and copper project, also in Venezuela’s Km 88 district. In 1992, the company started developing Brisas, and invested about US$300 million in the project. But in April 2008, the government revoked a previous authorization to proceed with construction. In 2009, the company sent the case to international arbitration and in June 2017, signed a settlement agreement with the government. Under the agreement, Venezuela agreed to pay Gold Reserve US$792 million to satisfy the award and another US$240 million to buy the company’s technical mining data, for a total bill of US$1.03 billion. As of December 2020, Gold Reserve had received cumulative payments of US$254 million (for the technical data) and is still owed about US$900 million (including interest of about US$122 million). In a statement on its website, Gold Reserve noted that “exist-

The South Arturo gold mine in Nevada. PREMIER GOLD MINES

ing conditions in Venezuela, along with Sanctions, are expected to continue, in the foreseeable future, adversely impacting our ability to collect the remaining amount owed to us by Venezuela ... and obstruct our ability to develop certain gold, copper, silver and other strategic mineral rights contained with Bolivar state comprising what is known as the Siembra Minera project.” 8. COMSTOCK MINING Market Cap: US$135.4 million Comstock Mining (NYSE: LODE) has been acquiring gold and silver properties in Nevada’s Comstock district since 2003. Its top project is Dayton Resource and the adjacent Spring Valley exploration project in Lyon County, about 10 km south of Virginia City. Dayton includes the historic Dayton, Kossuth and Alhambra patents, and the old Dayton Consolidated mine workings. The historic Dayton underground mine closed in October 1942. The company plans on completing a resource estimate and follow up with additional drilling and technical work leading to an economic study. Future work will include exploration and definition drilling and magnetic, IP and resistivity geophysical surveys. Exploration at Spring Valley will involve phased drill programs. In September 2020, the company closed the sale of Comstock Mining LLC, which owns the Lucerne project, about 5 km south of Virginia City and 48 km southeast of Reno, to Tonogold Resources (USOTC: TNGL). Under the agreement, Comstock retains a 1.5% net smelter return (NSR) royalty on all of Lucerne’s mineral properties, and will receive about US$2 million per year from a lease option agreement for future processing of Lucerne mine ore. Comstock also entered into a renewable mineral lease with Tonogold for some of its other properties, including the Occidental and Gold Hill group of exploration targets, which contain historic mining operations. Tonogold also received a 20-year lease to use, operate and manage Comstock’s processing facilities, plant, infrastructure and mining claims (known as the American Flats properties). In February 2021, the company acquired a majority equity stake in LiNiCo Corp., a lithium-ion battery recycling company, which recently acquired a battery metal recycling facility in Storey County, Nevada from Aqua Metals (NASDAQ: AQMS). In 2019, the company signed a mercury remediation pilot, investment and joint-venture agreement for a stake in MCU. Comstock also has a stake in MCU-P, an international mercury remediation jointventure in the Philippines. The facility started processing during the first quarter of this year in the province of Davao de Oro in Mindanao. 9. VISTA GOLD Market Cap: US$132.4 million Ranked seventh last year, Vista

Gold’s (TSX: VGZ; NYSE: VGZ) flagship project is Mt. Todd, about 250 km southeast of Darwin in Australia’s Northern Territory. Since acquiring the open-pit project in 2006, the company has invested over US$100 million in the project, including 60,000 metres of core drilling, and describes it as the largest undeveloped gold deposit in the country. In September 2019, Vista Gold updated its prefeasibility study, which outlined a 50,000 tonne per day project with a mine life of about 13 years and annual production of 413,400 oz. of gold over the mine life. (During the first five years, the mine would produce about 495,100 oz. of gold.) Lifeof-mine average all-in sustaining costs were pegged at US$746 per oz. (and US$688 per oz. during the first five year period.) The study estimated initial capex of US$826 million, an after-tax net present value at a 5% discount rate of US$823 million and a post-tax internal rate of return of 23.4% at a gold price of US$1,350 per ounce. At a gold price of US$1,750 per oz., the NPV grows to US$1.5 billion and the IRR to 35.1%. Commercial production could begin after a two-year construction period followed by six months of commissioning and ramp-up. The project has measured and

indicated resources, which include proven and probable reserves, of 299.09 million tonnes grading 0.82 gram gold per tonne for 7.87 million oz. of contained gold, and inferred resources of 65.30 million tonnes grading 0.77 gram gold per tonne for another 1.61 million oz. of gold. The company’s mine management plan was approved in June. In addition to Mt. Todd, the company has 1,501 sq. km of contiguous exploration licenses that could yield satellite deposits. 10. GOLDEN MINERALS Market Cap: US$98 million Golden Minerals (TSX: AUMN; NYSE: AUMN), ranked in eighth spot last year, transitioned from an exploration company to a gold and silver producer in January, and poured first gold in February at its Rodeo open-pit mine in Mexico’s Durango state. The mine, 80 km from Velardena, produced 3,452 oz. of gold and 12,323 oz. silver in the second quarter (3,634 gold-equivalent ounces). The average grade during the quarter was 3.6 grams gold per tonne. The company is targeting plant throughput of 550 tonnes per day during the third quarter. Ore is trucked to the company’s oxide mill at its Velardena properties, about 115 km away. Golden Min-

erals forecasts Rodeo will produce a total of 12,000-14,000 oz. of gold and 25,000-30,000 oz. silver this year. Based on a preliminary economic assessment in April 2020, Rodeo has an expected mine life of two and a half years and the company is conducting expansion drilling to extend the life of mine. Assays from near-pit exploration drilling at Rodeo released in June included 14.7 metres of 3.94 grams gold per tonne and 8 grams silver per tonne starting from 14.7 metres downhole and 13.75 metres of 2.64 grams gold per tonne and 10.5 grams silver from 13.8 metres. Its Velardena property, about 140 km northeast of the city of Durango, contains two past-producing underground silver and gold mines and two mills (oxide and sulphide). Mining was suspended in 2015 due to a combination of low metal prices, dilution and metallurgical challenges. (It leased one of the two mills to Hecla from late 2015 until November 2020.) The company updated a preliminary economic assessment in April 2020 that incorporated refinements to the resource model and bio-oxidation processing technology to enhance gold recoveries. The study outlined a mine life of ten years with life of mine contained metal of 12.3 million oz. silver and 188,000 oz. gold. Preproduction capital costs were forecast to run to US$10.3 million. This year the company intends to optimize the mine plan with the view to potentially restarting mining and flotation processing later this year or in early 2022. The company’s other projects include El Quevar, in Argentina’s Salta province; and Santa Maria and Yoquivo in Mexico’s Chihuahua state. The company released assay results in January from a 15-hole drill program at Yoquivo, with highlights of 1.3 metres grading 5.69 grams gold per tonne and 223 grams silver per tonne from 114 metres; and 0.2 metres grading 15.4 grams gold per tonne and 1,150 grams silver per tonne starting from 131 metres. TNM

AUGUST 2–15, 2021 / THE NORTHERN MINER

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Top Ten U.S. miners BY NORTHERN MINER STAFF

Mining in the United States has played a significant role in the country’s development. The Northern Miner presents its annual top ten list of the largest U.S.-based mining companies ranked by market capitalization, as of July 7. The data was compiled by our sister company, MiningIntelligence. 1. FREEPORT-MCMORAN Market cap: US$52.7 billion Freeport McMoRan (NYSE: FCX) moves to the top spot this year, after placing third in 2020. The Phoenix-headquartered company is one of the world’s largest publicly traded copper producers and operates a portfolio of mines in the Americas and Indonesia. About 42% of the company’s copper reserves are in the U.S., 29% in South America, and 29% in Indonesia. In the U.S., Freeport owns seven open-pit copper mines and two molybdenum mines. It is also developing the Lone Star copper mine in Arizona. Initial development was completed in the second half of 2020 and once in production, Freeport expects Lone Star will produce about 200 million lb. of copper a year. The company’s South American assets include two copper mines in Peru and Chile — Cerro Verde (54%) and El Abra (51%). In addition to copper, Cerro Verde produces molybdenum concentrate and silver. At Albra, the company is undertaking an expansion study to assess processing sulphide material. The company’s Indonesian subsidiary, PT Freeport Indonesia, has a 48.76% stake in the Grasberg underground mine (an Indonesian state-owned enterprise holds the remaining 51.24%). Freeport is accelerating the ramp-up of production at the operation, with the aim of reaching 75% of nameplate capacity this year. The company forecasts that average annual production from the mine will be 1.55 billion lb. of copper and 1.6 million oz. of gold between 2021 and 2025. Last year, Freeport produced a total of 3.2 billion lb. of copper, 857,000 oz. of gold, and 76 million lb. of molybdenum. About 44% of its copper came from the U.S., 31% was from South America, and 25% from Indonesia. 2. NEWMONT Market cap: US$51.2 billion Denver-headquartered Newmont (TSX: NGT; NYSE: NEM), which ranked first last year, is in second place this year. The company is one of the world’s largest gold producers, with operations in the Americas, Africa, and Australia. Newmont has attributable proven and probable reserves of 2.9 billion tonnes grading 1.03 grams gold per tonne for 94.24 million contained gold ounces. Over 90% of these reserves are in top-tier jurisdictions, based on credit agency ratings. The company has nine worldclass assets, which it defines as gold operations producing at least 500,000 oz. gold-equivalent annually on a consolidated basis, with all-in sustaining costs of under US$900 per oz., a mine life of greater than ten years, and an average grade of 1.03 grams gold per tonne. Newmont’s operations include the Boddington mine in Western Australia, which is expected to pro-

duce over one million oz. of goldequivalent annually from 20212025, and the Penasquito open-pit mine in Mexico, forecast to churn out over 1.7 million oz. of goldequivalent per year over the next four years. The Nevada Gold Mines joint venture, in which Newmont has a 38.5% stake and Barrick Gold (TSX: ABX; NYSE: GOLD) 61.5%, is expected to produce 1.37 million attributable gold oz. this year. The company has set its 2021 production guidance at 6.5 million oz. of gold, between 6.2 and 6.7 million oz. in 2023, and 6.5-7.0 million oz. through 2025. In May, Newmont acquired the remaining shares of GT Gold it did not already own. The acquisition included the Tatogga gold project in the Golden Triangle of B.C., which it is says has the potential to be a significant gold and copper producer. Founded in the U.S. in 1921, the company established a Canadian presence in 2019, with its US$10 billion acquisition of Goldcorp, which closed in April of that year. 3. SOUTHERN COPPER Market cap: US$48.3 billion Arizona-based Southern Copper (NYSE: SCCO; LSE: SCCO) is one of the world’s top five copper producers. Grupo Mexico, one of the world’s largest copper producers, is Southern Copper’s largest shareholder with an 88.91% stake. Southern Copper produces copper, molybdenum, silver, and zinc and has mining, smelting, and refining facilities in Peru and Mexico. The company has six assets in Peru: the Toquepala and Cuajone open-pit mines, the Ilo smelter, and four exploration stage projects. These operations produce copper as well as by-products such as molybdenum and silver. In Mexico, it owns ten assets, including the La Caridad and Buenavista open-pit mines, which produce silver, copper, and molybdenum. The company also has five underground operations that produce zinc, copper, lead, and precious metals. It also owns a coal mine and a zinc refinery. The company’s copper concentrates are smelted to produce either blister copper or copper anodes. Both products are sent to refineries, where the anodes are converted into copper cathodes and, later, copper rods. Southern Copper’s exploration efforts are focused on Argentina, Chile, Ecuador, Mexico and Peru. Last year, the company generated record production of one million tonnes copper, 27,441 tonnes of molybdenum, and 21.5 million oz. of silver. 4. ALBEMARLE Market cap: US$19.7 billion Louisiana-basedAlbemarle (NYSE: ALB) is a leading supplier of specialty chemicals and has lithium, bromine, and catalyst business segments. Albemarle’s lithium comes from solar evaporation ponds in Chile’s

An employee surveys a storage facility. THE MOSAIC COMPANY

Above: Southern Copper’s Cuajone open-pit copper mine in southern Peru. SOUTHERN COPPER

Left: Inside a Cleveland Cliffs processing plant. CLEVELAND CLIFFS

Salar de Atacama and in Silver Peak, Nevada. The lithium brines from Chile are processed into lithium carbonate and lithium chloride at the La Negra chemical plant in Antofagasta, Chile. The Nevada brines are processed into lithium carbonate at Silver Peak. The two plants produce a combined total of over 60 million tonnes of lithiumcarbonate equivalent a year. This year, the company plans to complete a third phase expansion of La Negra that will see production capacity of battery-grade lithium carbonate increase to 80,000 tonnes per year from its current capacity of 39,916 tonnes per year.

Albemarle also generates mined lithium through its 49% interest in Australia-based Talison Lithium (ASX: TLH). China’s Tianqi Lithium owns the remaining 51%. Its bromine segment generates products for fire safety and other specialty applications. Albemarle’s catalysts division produces catalysts, additives, and performance catalyst solutions. Albemarle estimates that 48% of its revenues are from Asia (including 14% from China); 26% from its North American operations; 24% from Europe, the Middle East, and Africa; and 2% from the rest of the world.

5. MOSAIC Market cap: US$11.5 billion Mosaic (NYSE: MOS) is one of the world’s largest producers of concentrated phosphate and potash crop nutrients, with operations in nine countries. The company operates seven potash and phosphate mines and facilities in Florida, Saskatchewan, and Peru, along with five phosphate concentrate sites in Louisiana and Florida. In January 2018, Mosaic completed its acquisition of Vale Fertilizantes, which added five phosphate mines, four phosphate chemical plants, and a potash mine in Brazil to the company’s portfolio. Earlier this year, Mosaic and Sound Agriculture, a Californiabased life science company that is looking to sustainably increase farming productivity, formed a strategic partnership to bring a new nutrient efficiency product to market to boost crop yields and improve soil health. The product is expected to launch in the U.S. by 2023 before rolling out to markets throughout the Americas, focusing on Brazil, Argentina, and Canada. Last year, the company produced 9.4 million tonnes of potash, 8.5 million tonnes of phosphates, and 10.6 million tonnes of fertilisers. This year it expects to produce between 13.3 million and 13.8 million tonnes of potash. 6. CLEVELAND-CLIFFS Market cap: US$10.5 billion Cleveland-headquartered Cleveland-Cliffs (NYSE: CLF) is the See US TOP TEN MINERS / 13

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SPECIAL FOCUS US TOP TEN

THE NORTHERN MINER / AUGUST 2–15, 2021

Alcoa’s Wagerup alumina refinery in Australia. ALCOA

US TOP TEN MINERS From 12

largest flat-rolled steel producer and the largest iron ore pellet producer in North America. The company’s products include advanced high-strength steel, stainless steel, and tinplate components, with the automotive industry accounting for 33% of all end-use demand; distributors and converters (32%); and infrastructure and manufacturing (24%). In December, the company closed a US$183 million acquisition of substantially all the operations of ArcelorMittal USA LLC and its subsidiaries, including ArcelorMittal’s 60% interest in I/N Tek L.P., a continuous coldrolling plant that produces sheet steel in Indiana, and a 50% stake in I/N Kote L.P., which is adjacent to the I/N Teck site and produces hot-dipped galvanized and galvannealed steel and electrogalvanized sheet steel. Cleveland-Cliffs recently marked six months of production from its Toledo direct reduction plant in Ohio. The plant produces hot-briquetted iron (HBI), an environmentally friendly alternative to scrap and imported pig iron. The plant, which is expected to churn out 1.9 million tonnes of HBI annually, would position Cliffs as the only producer of high-quality HBI steel for the electric arc furnace steel market within the Great Lakes region. The company has four producing iron mines: Tilden in Michigan, and Northshore, Minorca and United Taconite in Minnesota. It also has an 85.3% share in the Minnesota-based Hibbing Taconite mine. Based on Cleveland-Cliffs share of ownership, the mines have a combined production capacity of approximately 25.4 million tonnes of iron ore a year. The material is concentrated and then pelletized for delivery to steelmakers. 7. ALCOA Market cap: US$6.8 billion Alcoa (NYSE: AA) has one of the world’s largest portfolios of bauxite mines and is the largest alumina producer outside of China. Its aluminium business comprises smelting, casting, rolling, and energy assets.

Alcoa has assets in five continents. These include seven bauxite mines (four of which it operates) in Australia, Brazil, Guinea, and Saudi Arabia. It also has six alumina refineries in Australia, Brazil, and Spain. Its three-refinery operation in Western Australia, the world’s largest single source of alumina, supplies 8% of the global market. It also has a 25% share in a refinery that is part of its Ma’aden joint venture in Saudi Arabia, as well as aluminium assets in Africa, Australia, Canada, Europe, Saudi Arabia, and the U.S. The company’s bauxite and alumina businesses include Alcoa World Alumina and Chemicals (AWAC), a joint venture between Alcoa (60%) and Alumina Ltd. AWAC mines bauxite and other aluminium-bearing material and refines, produces, and sells alumina-based chemicals. In July, Alcoa announced that it would supply its low-carbon primary aluminium, EcoLum, to WKW Extrusion’s Erbsloh Aluminium for its new brand of semi-finished extrusion alloys. At about four tonnes of carbon dioxide equivalent for every tonne of aluminium produced, EcoLum has a carbon footprint approximately three and a half times lower than the global average, according to Alcoa. Last year, Alcoa produced 48 million tonnes of bauxite, 13.5 million tonnes of alumina, and 2.3 million tonnes of aluminium. 8. MP MATERIALS Market cap: US$6.4 billion MP Materials (NYSE: MP) has joined the top ten list for the first time. The Las Vegas-headquartered

company owns and operates Mountain Pass, the only integrated rare earth mining and processing facility in North America, about 24 km west of Primm in California’s Mojave Desert. The Mountain Pass site hosts the Mountain Pass openpit mine and a rare earth elements refining and separation facility. MP Materials acquired the mine out of bankruptcy in 2017. According to the company, Mountain Pass now supplies about 15% of the world’s rare earth oxides, which are used in the magnets in electric vehicles and wind turbines. MP Materials is working on a US$170 million Stage II optimization of its rare earth refining and separation plant. Once completed in 2022, the company expects the plant will produce 6,075 tonnes of neodymium-praseodymium a year, a critical rare earth metal alloy. Last year, the company produced 38,503 tonnes of rare earth oxides, an increase of 39% from the previous year’s 27,620 tonnes, at a cost of US$1,430 per tonne of rare earth oxides. 9. BLACK HILLS Market cap: US$4.1 billion South Dakota-based Black Hills (NYSE: BKH) joins the top ten list for the first time. The company operates one of the country’s largest natural gas and electric distribution systems, with 74,030 km of natural gas pipelines and 14,484 km of electric transmission and distribution lines. Founded in 1883, Black Hills now serves 1.3 million electric and natural gas customers across Arkansas, Colorado, Iowa, Kansas,

The Grasberg copper-gold mine in Indonesia. FREEPORT-MCMORAN

Montana, Nebraska, South Dakota, and Wyoming. The company has a portfolio of 16 energy generation facilities, some of which it wholly owns and others with shared ownership. These include five natural gas operations, five coal mines, four diesel fuel plants, one natural gas/ diesel plant, and two wind generators. The coal produced at its Wyodak coal mine in Wyoming is shipped directly to the adjacent 90-megawatt (MW) Neil Simpson complex. Wyodak produces between 9,979 and 10,886 tonnes of coal per day. With approximately 180 million tonnes of coal reserves in its coal mines in Wyoming, the company says it can supply coal to these generating facilities through 2055 at current production levels. Black Hills has a 50% stake in the 29 MW Busch Ranch wind project in Colorado. Busch Ranch provides renewable electricity to 94,000 electricity customers in the state. Last year, it completed construction of its US$79 million Corriedale wind energy project in Wyoming. The 52.5MW generator has 21 2.5MW capacity wind turbines, and serves renewable energy subscribers across South Dakota and Wyoming. 10. HECLA MINING Market cap: US$3.9 billion Hecla Mining (NYSE: HL) is a silver and gold producer with operations in Canada, Mexico and the U.S. Founded in 1891, the company is the largest silver producer

in the U.S. In addition to operating silver and gold mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Quebec (Casa Berardi), Hecla owns two projects in Montana — Montanore and Rock Creek, and 12 exploration projects in Colorado, Idaho, Nevada, B.C., Quebec, and Mexico. Hecla’s 100%-owned Greens Creek underground mine is, according to the company, one of the largest and lowest-cost primary silver mines in the world. Last year, the mine churned out 10.5 million oz. silver and 48,500 oz. gold at cash costs of US$5.49 per oz. silver, after by-product credits. In western Quebec, Hecla’s wholly-owned Casa Berardi underground gold mine produced 121,500 oz. gold last year at cash costs (after by-product credits) of US$1,131 per oz. of gold. Casa Berardi was acquired in 2013 through Hecla’s acquisition of Aurizon Mines. In Idaho, Hecla holds the Lucky Friday underground operation, within the state’s Coeur d’Alene mining district. In 2020, the mine produced two million oz. of silver at cash costs of US$9.34 per oz. silver. The mine has been producing silver since 1942 and Hecla says it has 20 to 30 years of mine life ahead. In 2020, Hecla produced 13.5 million oz. of silver and 208,962 oz. of gold. This year, it expects to produce between 12.9 million and 14.0 million oz. of silver and 185,000193,000 gold ounces. TNM

SPECIAL FOCUS

AUSTRALIA Laramide Resources’ Westmoreland uranium property in Queensland, Australia.

LARAMIDE RESOURCES

AUSTRALIA SNAPSHOT EIGHT COMPANIES WITH SIGNIFICANT ASSETS ‘DOWN UNDER’ BY NORTHERN MINER STAFF

Call it cross-pollination: Mining companies in Australia are taking up projects in Canada and Canadian mining companies are enthusiastic about projects in Australia. Here are eight companies to watch. n KIRKLAND LAKE GOLD Toronto-headquartered Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) is a senior gold producer operating in Canada and Australia. The company has three significant producing mines: the Macassa and Detour Lake mines in the Canadian province of Ontario and the Fosterville mine in Australia’s state of Victoria. Last year the company produced a total of 1.37 million oz. of gold and this year forecasts production of 1.31.4 million ounces. Fosterville is the largest gold producer in Victoria and is an orogenic gold deposit. Fosterville started off as a low-grade open-pit mine in 2005, but after previous owners discovered the high-grade Eagle zone in 2015, Fosterville transitioned to an underground operation. Kirkland Lake Gold saw the mine’s potential and obtained 100% ownership of the asset when it took over Newmarket Gold in 2016. The following year, Kirkland Lake discovered a second highgrade zone, Harrier, at depth. Grades and resources continued to grow with the discovery of the down-plunge high-grade Lower

Core racks at Paladin Energy’s Mt. Isa uranium project in Queensland, Australia.

Phoenix gold system, and in particular the Swan zone (previously known as the Lower Phoenix footwall), which by itself contributed over 500,000 oz. of gold to the updated reserve estimate in 2017. At the end of last year, Fosterville reported proven and probable reserves of 3.6 million tonnes grading 15.4 grams gold per tonne for 1.8 million oz. of contained gold. (Measured resources stand at 7.7 million tonnes grading 5.6 grams gold per tonne for 1.4 million oz. of gold, and inferred resources add 6.1 million tonnes grading 6.5 grams gold per tonne for 1.3 million ounces.) Last year Fosterville produced 640,467 oz. gold and generated almost US$23 million in revenue for the company. This year Kirkland

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Lake believes Fosterville will churn out 400,000-425,000 oz. of gold. In 2022 and 2023, the company is guiding for 325,000-400,000 oz. gold. The company has earmarked US$85 million to US$95 million for exploration and development at Fosterville this year. In Canada, the company’s highgrade Macassa mine in the town of Kirkland Lake, about 580 km north of Toronto, remains one of the highest grade gold mines in the world. The mine, which started operations in 2002, produced 183,038 ounces of gold in 2020. The Detour Lake open-pit mine, about 300 km northeast of Timmins, produced 516,757 oz. of gold last year and is the secondlargest gold producing mine in Canada. The operation has an estimated 22-year mine life with average gold production of 659,000 oz. of gold a year and the company believes there is substantial growth potential. The company also owns the Holt complex of three mines (Holt, Holloway and Taylor) in Matheson, Ontario. Last year the complex produced 29,391 oz. of gold. Holt and Holloway are accessed by a shaft, while Taylor is accessed by ramp. n LARAMIDE RESOURCES Laramide Resources (TSX: LAM; ASX: LAM; US-OTC: LMRXF) is a Canadian company headquartered in Toronto and has uranium projects in Australia and the United States. In Australia its two main projects are Westmoreland in northwest Queensland and Murphy in the northern territory. Westmoreland is one of the largest undeveloped uranium deposits in Australia. The company envisions that mining will take place in multiple shallow pits with in-pit tailings disposal. The project has a mine life of 13 years, but the company believes there is potential to extend the mine life to 15 years as drilling continues. Conventional acid leaching and ion exchange

technology will be used to produce about 3.5 million lb. uranium oxide (U3O8) per year. The project has indicated resources of 18.7 million tonnes grading 0.09% U3O8 for 36.9 million lb. of contained U3O8, and inferred resources of 9 million tonnes grading 0.08% U3O8 for 15.9 million lb. of contained U3O8. The resource estimate used a cut-off grade of 0.02% U3O8. Westmoreland’s shallow Redtree deposit contains about 50% of the resources. It is characterized by a mix of horizontal and vertical lenses of continuous mineralization in distinctly coarse pebble conglomerates. Laramide’s second Australian property, Murphy, is a greenfield opportunity that it acquired from Rio Tinto Exploration last year. The project’s 683 sq. km of tenements are in the Northern Territory’s Murphy uranium province, and are contiguous to and along strike from the Westmoreland project. Laramide acquired an airborne geophysical survey that was flown in 2014, and the next step will be on-the-ground exploration. Its projects in the U.S. are Churchrock and Crownpoint in New Mexico and the La Sal and Las Jara Mesa projects in Utah and New Mexico. It plans to complete a preliminary economic assessment this year on Churchrock, an in situ recovery project. Churchrock is situated in McKinley County, and the mineralization consists of a series of stacked roll-front deposits. A 2017 resource estimate outlined 33.9 million inferred tonnes grading 0.075% U3O8 for 50.8 million lb. U308. Data from previous operators includes a database of 11,667 drill holes. n MANDALAY RESOURCES Mandalay Resources (TSX: MND; US-OTC: MNDJF) operates the Costerfield gold-antimony mine in the state of Victoria, Australia, and the Björkdal gold mine in Sweden. Costerfield was purchased in

2009, and the company restarted mining and set out a program of capital improvements. Mill capacity was increased to 13,000 tonnes per month in 2013 from 5,000 tonnes. The primary ore source was the Augusta mine, which has been operational since 2006 until 2013, when mining began at the Cuffley deposit, 500 metres north of Augusta. Ore from the Brunswick and Youle deposits is currently begin mined. Mandalay expects Youle to be the sole ore source by the third quarter this year. The life of mine is three to four years. Proven and probable reserves, including underground and stockpiled ore, are 616,000 tonnes grading 12.8 grams gold per tonne and 3.5% antimony. Measured and indicated resources are 1.2 million tonnes grading 10.2 grams gold and 3.4% antimony, and the inferred resource is 473,000 tonnes grading 5.8 grams gold and 1.3% antimony. Currently, ore is trucked to the surface at the August mine portal and treated in the Brunswick plant. The company is now planning a second portal at the Brunswick mine. Processing includes primary mobile crushing, primary and secondary ball milling, flotation (rougher-scavenger-cleaner), concentrate dewatering, and a gravity circuit. Gold recovered in gravity circuits is sold directly to a refinery in Melbourne, and concentrate containing both gold and antimony is shipped to a smelter in China. Production in 2020 was 44,958 oz. of gold and 3,903 tonnes of antimony. Exploration recently led Mandalay to a new gold-rich structural domain below the Youle deposit. One of the early holes in the new Shepherd zone returned 460.5 grams gold over 0.1 metre. A new drilling platform was constructed, and the drill cut 231 grams gold over 0.2 metre. Another quartz vein system exhibiting coarse visible gold was intersected that returned 23.6 grams See AUSTRALIA SNAPSHOT / 15

GLOBAL MINING NEWS

AUSTRALIA SNAPSHOT From 14

gold over 6.3 metres. Another hole cut 3.5 metres of 10.9 grams gold. Production guidance for 2021 at Costerfield is 44,000 to 49,000 oz. of gold and 2,700 to 3,000 tonnes of antimony, or 53,000 to 60,000 goldequivalent ounces. The all-in sustaining cost is US$950 to US$1,100 per ounce. Mandalay has an extensive exploration program as it outlines additional potential at Costerfield and continues to test extensions of the Youle deposit and the Shepherd zone at depth. Shepherd is a highgrade structural domain below the Youle deposit. Drilling in April returned 23.5 grams gold over a true width of 6.3 metres, 426.7 grams gold over 0.8 metre, and 231.7 grams gold over 0.2 metre. The mine has mineralogy at depth similar to that of Kirkland Lake Gold’s Fosterville gold mine, the company says. In Sweden, Björkdal is an underground mine with longhole stoping and a mineral processing plant that includes gravity and flotation circuits. In 2020 it produced 45,296 oz. of gold. Mandalay acquired the asset in 2014 when both the pit and underground were mined. The company closed the pit in 2019 to mine the underground Aurora zone. The mining rate reached 1 million tonnes in 2020, up 18% from 850,000 tonnes the year before. At the end of 2020, Björkdal had probable reserves of 11.5 million tonnes grading 1.47 grams gold per tonne for 544,000 ounces. The mine has a remaining life of at least 10 years. n

KARORA RESOURCES

SPECIAL FOCUS AUSTRALIA

Karora Resources (TSX: KRR; USOTC: KRRGF) has two producing mines in Western Australia — the Beta Hunt underground gold and nickel mine and the Higginsville gold operation. The company, which recently changed its name from RNC Minerals, is focusing its efforts on becoming a pure gold play. It has sold its 28% interest in the Dumont nickel project and is concentrating on doubling annual production to 200,000 oz. gold in 2024. Expansion work includes developing a second decline at the Beta Hunt mine and the second phase of mill expansion at Higginsville to 2.5 million tonnes annually. The new Beta Hunt decline will be driven parallel to the orebody. Recent drilling has expanded the gold mineralization both along strike and down dip. Drilling upplunge of the A zone and Western Flanks has intersected a gold shear zone that may become a source of near-term production as the decline advances. Additional nickel discoveries including the 30C and 50C/Gamma zones were also made at Beta Hunt. The 50C zone intersected 11.6% nickel over 4.6 metres, including 18.4% over 2.2 metres. Drilling the 30C trough returned grades of 8.6% nickel over 1 metre and 7.7% nickel over 1.3 metres. A dedicated nickel exploration team has been created to pursue the base metal finds. The Beta Hunt expansion is supported by proven and probable reserves of 5.8 million tonnes grading 2.6 grams gold per tonne, measured and indicated resources of 12 million tonnes grading 2.7 grams gold, and inferred resources of 6.1 million tonnes at 2.7 grams gold. Karora’s second major producing centre is Higginsville, which is di-

vided into two districts: the Central district, the higher grade core that is considered a near- and mediumterm ore source, and the larger Greater district, which is seen as a potential long-term source of mill feed. In the Central district at the Aquarius gold project, a portal has been established and a decline development is underway. Stope development is scheduled for the fourth quarter 2021. Development ore will be mined and milled to help offset capital costs. Pre-development work also began on the Spargos gold mine, which will begin feeding the Higginsville mill by the end of September. This will be an open pit as drilling at depth and along strike continues. High-grade gold intercepts here have confirmed the mineralization extends to over 300 metres down-plunge and remains open at depth. The Spargos deposit has measured and indicated resources of 1.1 million tonnes grading 3.0 grams gold, containing 105,000 oz. gold. There is also an inferred resource of 401,000 tonnes at 3.5 grams gold, containing 45,000 oz. gold. A new estimate will be made this year. The past-producing Two Boys high-grade gold mine at Higginsville is to be restarted as well. Development will reach remnant and new ore by the end of September. The Higginsville mill is the site of an A$50 million ($46 million) mill expansion to treat ore from the increased number of sources. The list of improvements is long: a new SAG mill and extension of the feed conveyor; repurposing a portion of the crushing circuit as a pebble crusher; more leach feed screen, carbon-in-leach tanks and thickener; upgrades to process water

THE NORTHERN MINER / AUGUST 2–15, 2021

plant and the tailings pipeline, and other infrastructure. Karora says it is considering a listing on the Australian Stock Exchange. n FOCUS MINERALS Focus Minerals (ASX: FML; USOTC: FCSUF) has two 100%owned gold projects in Western Australia — Coolgardie and Laverton. Total resources in all categories at both projects contain 6.1 million ounces. At Coolgardie, the resource includes 1.4 million measured tonnes grading 2.3 grams gold per tonne, 18.1 million indicated tonnes grading 2.3 grams gold per tonne, and 15.3 million inferred tonnes grading 2.1 grams gold per tonne. The total contained gold is close to 2.5 million ounces. An updated prefeasibility study for Coolgardie outlines proven and probable reserves of 6.6 million tonnes grading 1.97 grams gold for 422,000 ounces. About A$28 million ($26 million) of the A$48 million ($44.6 million) pre-production capex budget is to be spent rehabilitating the existing Three Mile Hill mill and tailings containment. The remaining A$20 million ($18.6 million) will go toward the development of two open pits and an underground mine. The project carries a net present value at a 7.5% discount rate of A$183 million ($170 million) and an internal rate of return of 71%. Focus is the largest landholder in the Coolgardie camp, and has explored only 2% of the area so far. The company is planning an exploration program to test the potential for new, higher grade orebodies near the mill as well as a regional program near Coolgardie. The Laverton property includes

the high-grade underground Lancefield gold mine as well as several large open pits that have been mined by Focus and its predecessors. Focus is interested in expanding open pit resources, testing underground targets, and exploring targets that could lead to large-scale bulk mining at Laverton. A prefeasibility study for the first stage of production at Laverton was completed in March. With a refurbished Barnicoat mill, the project metrics include a pre-tax net present value (5% discount rate) of A$132 million ($123 million) based on mining oxide and transition material in five deposits. The Laverton resource includes 921,000 measured tonnes grading 2 grams gold per tonne, 42.4 million indicated tonnes at 1.6 grams gold, and 17.9 million inferred tonnes grading 2.5 grams gold. There are an estimated 3.6 million oz. of gold in all categories. Focus is concentrating its efforts on transitioning both Coolgardie and Laverton to mine ready projects by growing its resource base and preparing for eventual mining. n PALADIN ENERGY Paladin Energy (ASX: PDN; USOTC: PALAF) has a plan to restart uranium production at the Langer Heinrich project in Namibia. Paladin holds 75% of that property and considers it to be the company’s core asset. Langer Heinrich is fully permitted to resume mining and uranium exports, but much work needs to be done. The project needs leach heating and mining upgrades to improve the extraction rate, a process control upgrade, thickener and pumping upgrades, and a sec-

See AUSTRALIA SNAPSHOT / 16

JOINT VENTURE ARTICLE

Inflection Resources employs science-based approach to exploration projects in Australia BY NORTHERN MINER STAFF

Inflection Resources (CSE: AUCU, US-OTC: AUCUF) is an early-stage exploration company focused on looking for gold and copper-gold deposits in the Macquarie Arc, part of the Lachlan Fold Belt, in eastern Australia. The Macquarie Arc is considered Australia’s premier porphyry goldcopper province and hosts several world-class mines. These include Newcrest Mining’s (TSX: NCM; ASX: NCM) Cadia operation, the largest gold mine in Australia; the Northparkes copper-gold mine, a joint venture between China Molybdenum Company and Japan’s Sumitomo Corp.; and Evolution Mining’s (ASX: EVN) Cowal gold mine; as well as numerous exploration prospects. Since its founding in 2017, Vancouver-headquartered Inflection Resources has focused on exploring its highly prospective district-scale land position in northern New South Wales (NSW). With over 500,000 hectares of wholly-owned exploration licenses the company has one of the largest tenement holdings in the Macquarie Arc, it says. Inflection is currently drill-testing over 20 targets within its portfolio. Inflection “is a technically-driven explorer with a highly experienced team of geologists and mine-finders,” said Alistair Waddell, Inflection Resources’ president and CEO.

Drill rig at Inflection Resources’ Macquarie Arc project in Australia.

“Through our systematic, geosciencebased approach, we have grown a large portfolio of new copper-gold and gold targets in an area interpreted as the northern extension of the Macquarie Arc.” Waddell notes that Inflection benefits from exploring in a worldclass mining jurisdiction that is also very supportive of the industry. Last year, the company was awarded three grants from the Government of NSW New Frontiers Cooperative Drilling Program. Totalling A$139,685

($130,000), the grants are being used to fund 50% of the direct drilling costs on three of Inflection’s targets. Australia “is a superb jurisdiction in which to explore and develop a mine,” said Waddell, adding that the long history of mining in and around Macquarie Arc has led to “excellent infrastructure, including an extensive network of paved roads, as well as rail lines, airports, and power; all of which we benefit from.” In addition, Inflection’s portfolio of targets typically lie on barren

INFLECTION RESOURCES

bushland or large commercial farms with flat topography that allow easy access via land. “There’s no need to use helicopters to get personnel or equipment to or from remote camps, and the targets can be explored all year round,” he says. “All this translates to relatively simple, costeffective exploration.” According to Waddell, these targets were first generated from high-quality NSW government-sourced airborne magnetic and regional gravity data by Douglas Haynes, a technical advisor

to Inflection. Haynes has over 50 years of experience in the industry and has been involved in the discovery of numerous deposits that became mines, including the worldclass Olympic Dam in South Australia, now owned by BHP (NYSE: BHP; LSE: BHP; ASX: BHP). Inflection has completed a 15,000line km high-resolution magnetic survey across all the targets, the results of which informed the design of specific exploration programs to test each target. It has also completed 46 drill holes (10,097 metres) of an initial drill program, and plans to start follow-up drilling in the next couple of months. The next phase of drilling “is very exciting as we are following up high priority targets already defined by the first-pass drilling campaign that has returned highly encouraging results,” said Waddell. The company’s other Australian asset is the Carron gold project in northern Queensland. At Carron, it is targeting high-grade orogenic lode gold along a mineralised trend in the historic Croydon Goldfields. It plans to drill test high-priority targets at the project later this year. The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Inflection Resources and produced in cooperation with The Northern Miner. Visit www.inflectionresources.com for more information

SPECIAL FOCUS AUSTRALIA

AUGUST 2–15, 2021 / THE NORTHERN MINER

AUSTRALIA SNAPSHOT From 15

ond Hydrosorter, and more. The mine could be reopened at a cost of US$81 million and have a mine life of 17 years. Peak production would be 5.9 million lb. uranium oxide (U3O) in each of seven years. In Australia, Paladin has two wholly owned, advanced exploration projects — Mount Isa (the largest uranium project in Queensland), and Manyingee (another potential uranium producer) in Western Australia. Paladin holds six mineral development licences located 15 to 80 km north and east of Mount Isa. The Valhalla, Skal and Odin deposits are the most important. Those three contain 115.7 lb. U3O8 out of the 148.3 million lb. of contained metals estimated across all the licences. In 2007 the company acquired an 82% stake in Summit Resources, which held the licences near Mount Isa. Paladin drilled 116,490 metres of diamond core and 148,740 metres of reverse circulation holes, boosting the resource by close to 20% to 148 million contained lb. U3O8. Then in 2018, Paladin acquired the minority shareholdings in Summit, taking its ownership to 100%. The Mount Isa deposits have the potential to support an output between 5 million and 7 million lb. U3O8 a year using open-pit methods. At Manyingee, Paladin has spent US$17.9 million on exploration and believes there is potential for an in situ recovery at a rate of up to 2 million lb. U3O8 per year. A successful field leaching test was carried out in 1985 and an internal scoping study has been done. The property

has a resource containing an estimated 41.5 million lb. U3O8. There are indicated resources of 8.4 million tonnes grading 0.985% U3O8, and inferred resources of 5.4 million tonnes grading 0.085% U3O8. About 100 km south of Manyingee is the Carley Bore uranium property acquired by Paladin in 2015. It is at the advanced exploration stage and could be either a stand-alone operation or a satellite ISR project to Manyingee. In Canada, Paladin’s owns a 60% interest in the Michelin deposit in Labrador. The local Inuit community banned uranium exploration for a three-year period beginning in 2008, but work is underway again. Michelin is among the largest uranium deposits in North America, and a resource estimate in 2014 by Paladin put the measured and indicated resource (combined pit and underground) at 30,081 tonnes grading 0.10% U308, containing 67 million lb. U3O8. The inferred resource was estimated as 16 million tonnes grading 0.10% U3O8 for 36 million lb. U3O8. n REX MINERALS Rex Minerals (ASX: RXM) has two development assets — the Hillside copper-gold project in South Australia and the Hog Ranch gold project in Nevada. The company updated the feasibility study last year for its fully permitted Hillside copper-gold project. Pre-production capital costs of A$585 million ($544 million) will create an open pit with a mine life of 13 years in the first stage of development. Planned annual production is 35,000 tonnes of copper and 24,000 oz. of gold for the first 12 years from head grades

of 0.66% copper and 0.17 gram gold per tonne. All-in sustaining costs are estimated to be US$1.60 per lb. copper. The project has a net present value (5% discount rate) of A$501 million and an internal rate of return at 16.2%, and is permitted. The project is situated near ample infrastructure — power, water, road transportation. The port at Ardrossan is 12 km away and the port at Adelaide is 160 km away by road. The Hillside deposit is of the iron-oxide-copper-gold (IOCG) type, stretching 1.3 km northsouth and 900 metres west-east. It remains open along strike and at depth. Rex puts resources at a JORC-compliant 337 million tonnes grading 0.6% copper and 0.14 gram gold per tonne. The portion classified as reserves for stage one is 82 million tonnes at 0.62% copper and 0.16 gram gold. There are an estimated 4.3 billion lb. of copper and 1.4 million oz. of gold in the resource. A processing plant with conventional crushing, single-stage SAG grinding, and three-stage flotation will treat 6 million tonnes per year. Rex has opportunities to extend the Hillside mine life beyond 25 years. Stage one will recover 500,000 tonnes of copper from the reserves as outlined in the feasibility study. Stage two will expand the pit, double the mine life and recover an additional 500,000 tonnes of copper. Stage three would see underground development as the mineralization is traced at depth. The final stage will see iron ore containing 12 million tonnes of iron stockpiled in the tailings storage facility. Copper and gold will

nit y be

nefits

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n SUPERIOR GOLD Superior Gold (TSXV: SGI; USOTC: SUPGF) has no assets in Canada but is the sole owner of the Plutonic gold mine in Western Australia, about 800 km northeast of Perth. Since 2010, the Plutonic mine has produced an average of about 100,000 oz. gold a year. Plutonic was mined as an open pit from 1990 until 2005, and underground production began in 1995. The mine has produced a total of 6 million oz. gold from both sources. The proven and probable reserves (open pit and underground) are 3.9 million tonnes grading 3 grams gold, containing

CAPITAL RAISINGS BY AUSTRALIAN COMPANIES From 3

mu om

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be recovered from oxide ore that is initially treated as waste. The Hillside region has excellent exploration opportunities. And there are several undrilled copper targets near the pit site. Rex considers Hillside to be its flagship property, but it has an equally interesting gold property, Hog Ranch, in Nevada. The property produced gold from 1975 to 1992 from six open pits. Total output was 7.7 million tonnes of mineralized material at 1.23 grams gold per tonne. Site rehabilitation was completed in 1994. Rex acquired the property in 2019 and updated the resource at Hog Ranch in March this year. Figures reflect ore in four separate deposits — Krista, Bell, Cameco and Airport. The indicated and inferred oxide resource totals 158 million tonnes grading 0.41 gram gold for 2.1 million oz. contained gold. Both categories of the sulphide resource total 165 million tonnes grading 0.43 gram gold for 150,000 ounces. Last year a scoping study was done on the Bells project that put the after-tax net present value at US$75 million and the internal rate of return at 40%. Pre-production capex is US$58 million, and the project offers an after-tax payback of 1.9 years. Heap leaching could produce 39,000 oz. gold per year during an 8.5-year leach operation.

open in all directions. The prefeasibility study published in 2018 outlined a project with a preproduction cost of $1.19 billion and a mine life of nine years. The average after-tax net cash flow over that period would be $909 million. Most recently, NexGen signed two benefit agreements with First Nations affected by the proposed development of its Rook I project. The project is located on the traditional territory of the Buffalo River Dene Nation (BRDN) and the Birch Narrows Dene Nation (BNDN). The company has signed an impact benefit agreement with the BRDN and a mutual benefit agreement with the BNDN. The contracts were developed out of the study agreements signed in 2019. The agreements formalized the negotiations with both communities to identify potential impacts to treaty rights and socio-economic interests. Company founder and CEO Leigh Curyer has over 19 years of experience in the uranium mining sector, having raised over US$650 million in equity. He is the former CFO of Southern Cross Resources, where he led the permitting and feasibility study work on the Honeymoon in-situ leaching uranium project in South Australia. He is also the former corporate development officer at Accord Nuclear Resource Management, assessing global uranium projects for First Reserve Corp. Rounding out the top five companies in terms of Australian equity

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380,000 oz. gold. Measured and indicated resources stand at 16.3 million tonnes grading 3.6 grams gold, containing 1.9 million ounces. Superior Gold has embarked on a program of optimization, beginning with the addition of a third underground drill rig late last year. The rig will conduct infill drilling to increase resource confidence, improve stope production, and update mine planning. Other efforts involve adding two loaders and two trucks to the underground fleet to increase reliability, commissioning a gravity circuit and beginning a fine grinding study. The Plutonic underground mine produced 63,065 oz. gold in 2020, but the company has plans to boost that to 100,000 oz. per year with the push-back project in the mine’s Main pit. The push-back project has a posttax net present value of A$120 million ($113 million) and a 35% internal rate of return with a capital commitment of A$82 million ($77 million). This project will access 16.3 million tonnes of measured and indicated resources grading 3.6 grams gold per tonne and 30.6 million indicated tonnes at 3.1 grams gold per tonne. The pit push-back will recover 357,000 oz. gold over a six-year life at AISCs of US$870 per ounce. Superior Gold has a second mill in the area with total capacity of 1.2 million tonnes per year, but it is on care and maintenance. If head grades were 2 grams gold, having two mills in operation would boost annual output by 50% to 153,000 ounces. In addition to the Plutonic mine, Superior Gold owns 100% of the Hermes open pit project, 65 km southwest of Plutonic. Hermes was mined from 2017 to 2019 with the ore being treated at the Plutonic mill. The company also has an 80% interest in the Bryah Basin joint venture with Alchemy Resource, 85 km southwest of Plutonic. The project is in the permitting stage. Superior Gold is pursuing a regional exploration program in the Bryah Basin area. TNM

raises in the first half of the year is Coronado Global Resources (ASX: CRN), one of the world’s largest producers of high-quality metallurgical coal. Shares in the company are down about 15% in the coverage period following a US$102.4 million raise in May. With operations in two of the largest and most productive metallurgical coal basins globally — Queensland’s Bowen Basin and the Central Appalachian region of the U.S. — Coronado offers a suite of coal products to a wide range of customers throughout the Asia-Pacific region, the Americas, and Europe. In June, the company completed the biggest shipment of coal to China from an eastern U.S. port. It brought into sharp relief a stark turnaround in the fortunes of its U.S. mines after they were temporarily idled in March last year after pandemic lockdowns crushed coal demand. The company is benefiting from a rally in prices and China’s ban on Australian coal, which in March helped boost exports from the U.S. to the Asian nation to their highest since 2013. Met coal prices have rallied this year on strengthening global steel demand. Coronado’s average selling price across the portfolio was US$105 per tonne in the June quarter, up 11% from the previous quarter. The bottom five entries in our top ten list comprise Pilbara Minerals (ASX: PLS), Strandline (ASX:STA), Western Areas (ASX: WSA), Ioneer (ASX: INR) and Red 5 (ASX: RED), which together raised about US$361.28 million for their respective copper, nickel, gold, silver, lithium and rare earths projects. TNM

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M A R K E T N EWS TORONTO STOCK EXCHANGE / JULY 19 – 23 The S&P/TSX Composite Index rose 1.02% to 20,188.43 during the July 19-23 trading week. The S&P/TSX Global Mining Index climbed 0.50% to 107.36, and the S&P/TSX Global Base Metals Index jumped 2.12% to 166.73. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20 per oz., and the S&P/TSX Global Gold Index fell 2.17% to 293.50. Skeena Resources increased by 74¢ to $15.29 per share. The company released a preliminary feasibility study for its 100%-owned Eskay Creek gold-silver project in the Golden Triangle of British Columbia. The study envisioned an open-pit mine with an average annual production of 249,000 oz. gold and 7.2 million oz. silver (352,000 gold-equivalent ounces) over a 9.8-year mine life. All-in sustaining costs are expected to average US$702 per oz. gold-equivalent over the life of the mine. Initial capital costs were estimated at $488 million, with $47 million budgeted for sustaining capital over the mine life. The study estimated the after-tax net present value using a 5% discount rate at $1.4 billion, based on US$1,550 per oz. gold and US$22 per oz. silver, and an after-tax internal rate of return of 56%. Initial capex could be paid back in 1.4 years. Shares of Solaris Resources rose 50¢ to $13.29. The company announced a new dis-

covery during its initial drill program at the Warintza East target on its Warintza project in south-eastern Ecuador, about 85 km east of the city of Cuenca. Collared approximately 1,300 metres from Warintza Central, the first drill hole on the Warintza East target, SLSE-01, intersected 320 metres grading 0.36% copper, 0.02% molybdenum, and 0.05 gram gold per tonne (0.46% copper-equivalent) from surface, including 54 metres of 0.60% copper, 0.02% molybdenum, and 0.04 gram gold (0.70% copper-equivalent). The company said the discovery at Warintza East marks the third major copper discovery within the seven km by five km Warintza project. Future drilling will focus on an open, undrilled area between the Warintza East and Warintza Central zones. TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

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24.98 0.05 7.54 22.60 4.90 25.73 25.11 0.09 5.06 2.22

26.14 - 0.33 0.06 - 0.02 7.70 - 0.12 24.55 - 0.09 4.95 - 0.05 25.93 - 0.35 26.40 - 0.69 0.11 + 0.02 5.12 - 0.19 2.26 - 0.06

Harte Gold fell 2¢ to 6¢ per share. The company has discovered a new greenfield mineralised area on its Sugar Zone property in northern Ontario, about 8.5 km northwest of the Sugar Zone mine. The new discovery, called the “007 showing,” came from Harte’s exploration of priority areas across its 81,287-hectare land package. Initial results from channel sampling at the 007 showing

returned anomalous gold values of up to 4.4 grams gold per tonne. The Sugar Zone property covers a large greenstone belt 36 km in length and 10 km wide. The company has identified over 15 targets on the property that have been prioritized for advanced exploration. Harte is completing a fully integrated 3D geological model, which it said will be used to generate and advance regional targets. TNM

TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Forsys Metals Laramide Res Orea Mining Excellon Res Fission Uran Global Atomic Canagold Res Azarga Uranium Pine Cliff En Erdene Res Dev Silver Bear Rs Harte Gold Generation Min Mandalay Res Century Global New Pac Metals Orosur Mng Arizona Gold Golden Star Aquila Res

FSY LAM OREA EXN FCU GLO CCM AZZ PNE ERD SBR HRT GENM MND CNT NUAG OMI AZG GSC AQA

1411 1908 9846 271 4279 2123 2105 3162 825 752 800 15731 7328 166 69 321 101 792 188 1660

0.90 0.56 0.13 2.92 0.58 2.86 0.70 0.38 0.41 0.43 0.11 0.08 1.17 2.96 0.29 5.01 0.31 0.11 3.00 0.08

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.62 0.37 0.09 2.36 0.45 2.30 0.51 0.26 0.33 0.36 0.08 0.05 0.88 2.43 0.23 4.28 0.29 0.09 2.60 0.00

0.90 0.52 0.11 2.91 0.56 2.80 0.63 0.34 0.41 0.41 0.08 0.06 0.89 2.48 0.28 4.28 0.29 0.09 2.60 0.07

+ + + + + + + + + + -

38.5 23.8 22.2 19.3 16.7 14.8 14.5 13.3 12.3 10.8 30.4 20.0 19.8 17.6 15.4 14.7 14.7 14.3 13.2 12.5

Turquoise HIl Largo Res Skeena Res Ivanhoe Mines Energy Fuels Solaris Res Excellon Res Orocobre Global Atomic SilverCrest Franco-Nevada Newmont Corp Agnico Eagle Teck Res Kirkland Lake SSR Mining Perpetua Res Newcrest Mg K92 Mining Wheaton Prec

TRQ LGO SKE IVN EFR SLS EXN ORL GLO SIL FNV NGT AEM TECK.A KL SSRM PPTA NCM KNT WPM

1389 469 660 6320 2328 823 271 283 2123 1650 1575 1005 2415 10 3095 1638 235 2 3071 3192

WEEK CLOSE

18.27 19.26 15.29 9.20 6.40 13.29 2.91 7.09 2.80 9.97 184.85 75.57 75.36 33.00 50.12 19.22 7.25 24.15 8.10 54.94

CHANGE

+ + + + + + + + + + -

1.06 0.93 0.74 0.72 0.52 0.50 0.47 0.37 0.36 0.33 5.08 2.28 1.83 1.75 1.35 1.17 1.03 1.00 0.84 0.80

TSX VENTURE EXCHANGE / JULY 19 – 23 The S&P/TSX Venture Composite Index dropped 0.63% to finish the trading week at 902.56. Spot gold fell US$10.00 per oz., or 0.55%, to US$1,802.20 per ounce. Nouveau Monde Graphite climbed 39¢ to $8.95. On July 21, the company announced the appointment of SD Capital Advisory (SDCA) and GKB Ventures (GKB) as joint financial advisors to assist with the financing for its flagship Matawinie graphite project in Quebec, about 150 km north of Montreal. The graphite developer has already commenced construction activities on the property and says it now has a clear roadmap to turn Matawinie into the largest graphite operation in North America. “SDCA and GKB will help further refine our project financing parameters and assist us to gain access to international debt finance, a strategic step in developing a sound capital structure that supports our long-term growth,” Eric Desaulniers, Nouveau Monde’s CEO, stated in a press release. Once in operation, Matawinie is expected to produce 100,000 tonnes of purified spherical graphite per year for batteries in electric vehicles. Shares of Emerita Resources rose 32¢ to $1.92. The Toronto-based company has mo-

bilized a second drill rig at the La Infanta deposit on its Iberia West project in Spain, about 120 km east of Seville. Emerita said the initial drill program at Infanta is designed to test the mineralization’s full 1.2 km strike length and test the depth extent to about 300 meters down dip. The drilling, it said, will move from the known mineralization and step out systematically along strike and down dip to establish a mineral resource estimate for the deposit. The second drill on Infanta “allows us to accelerate the program and it is expected we should receive assays for initial drill holes next week,” Joaquin Merino, Emerita’s president, stated in a press release. The company plans TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold NEO Battery Standard Lith Emerita Res Amarillo Gold Sparton Res Alphamin Res Fabled Silver Saturn Mnrls Azincourt Ener

HIVE NBM SLL EMO AGC SRI AFM FCO SOIL AAZ

10092 7923 7045 6800 6714 5842 5762 5314 5244 4759

3.09 1.02 6.95 1.95 0.31 0.13 0.77 0.17 0.13 0.06

WEEK LOW CLOSE CHANGE

2.38 0.76 6.21 1.36 0.28 0.11 0.68 0.09 0.11 0.04

2.74 + 0.87 + 6.95unch 1.92 + 0.29unch 0.11unch 0.75unch 0.14 + 0.12 0.05unch

0.02 0.09 0.00 0.32 0.00 0.00 0.00 0.01 0.01 0.00

to complete about 30 drill holes this year for a total of 5,000 meters of drilling. Los Andes Copper increased by 30¢ to $7.40 per share. The company announced that as part of a prefeasibility study for its Vizcachitas copper-molybdenum project in Chile, 150 km northeast of Santiago, it has received molybdenum flotation results. The company

said the results confirmed the molybdenum recovery assumptions in a 2019 preliminary economic assessment for Vizcachitas, with projected overall molybdenum recoveries of 76%, a slight improvement from the 75% recovery assumed in the PEA. The results also confirmed that the project will produce clean concentrates, it said. TNM

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

Tanqueray Expl Green Valley M Finlay Minrls Constantine Mt Cliffmont Res Gossan Res Millennium Sil Monarca Mnrls Goliath Res Brunswick Expl Argentina Lith Galway Gold Troubadour Res Academy Metals Awale Res Dajin Res Pac Bay Mnrls Itafos Infield Min Vanstar Mng Rs

IPA SCT FYL CEM CMO.H GSS MSC MMN GOT BRW LIT GLW TR AM ARIC DJI PBM IFOS INFD VSR

3341 20.20 107 0.85 508 0.14 832 0.35 20 0.17 571 0.27 748 0.02 701 0.08 1464 1.40 521 0.22 991 0.30 132 0.18 1014 0.15 16 0.76 1162 0.06 1808 0.07 3 0.12 89 1.60 181 0.18 2721 0.73

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

6.39 0.50 0.10 0.22 0.13 0.18 0.02 0.06 0.91 0.17 0.20 0.16 0.10 0.52 0.05 0.05 0.00 0.00 0.13 0.46

10.71 0.83 0.14 0.31 0.17 0.26 0.02 0.08 1.29 0.22 0.20 0.16 0.10 0.58 0.05 0.05 0.12 1.30 0.13 0.50

+ + + + + + + + + + -

56.4 45.6 42.1 37.8 36.0 34.2 33.3 33.3 30.3 29.4 33.3 31.1 31.0 30.1 28.6 28.6 28.1 27.8 27.8 27.5

VOLUME (000s)

Tanqueray Expl Uranium Roylty New Found Gold Arizona Metals Nouveau Monde IsoEnergy Ltd Emerita Res Los Andes Goliath Res Golden Valley Filo Mg Corp St. James Gold Itafos Golden Secret Gold Mountain Cornerstone Ca Teuton Res Academy Metals Universal Vent Bear Creek Mng

IPA URC NFG AMC NOU ISO EMO LA GOT GZZ FIL LORD IFOS TBRD GMTN CGP TUO AM MCLD BCM

WEEK CLOSE

3341 10.71 573 3.57 1269 10.02 632 4.59 456 8.95 667 2.51 6800 1.92 4 7.40 1464 1.29 15 6.77 1230 8.63 136 4.13 89 1.30 79 4.13 1347 1.57 22 3.75 152 2.12 16 0.58 259 2.07 1077 1.37

CHANGE

+ + + + + + + + + + -

3.86 0.54 0.50 0.47 0.39 0.37 0.32 0.30 0.30 0.27 1.39 1.12 0.50 0.37 0.31 0.29 0.27 0.25 0.22 0.21

U.S. MARKETS / JULY 19 – 23 The Dow Jones Industrial Average rose 1.08% to finish the week at 35,061.55 and the S&P 500 climbed 1.96%% to 4,411.79. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20 per ounce. Fortuna Silver Mines fell US48¢ to US$4.35 per share. The company reported secondquarter production from its three operating mines in the Americas — San Jose in Mexico, Caylloma in Peru, and Lindero in Argentina. The precious metal miner produced 1.9 million oz. silver and 31,048 oz. gold (55,953 goldequivalent ounces) in the second quarter. Silver and gold production for the first six months of 2021 totalled 3.8 million oz. and 65,603 oz., respectively, or 115,690 gold-equivalent ounces. The company says it will provide updated production and cost guidance for 2021, which will incorporate gold production for the second half of the year from its Yaramoko mine in Burkina Faso. Shares of Iamgold decreased by US32¢ to US$2.47. The company provided an update on construction progress and costs at its 70%-owned Cote gold project in Ontario, about 130 km southwest of Timmins. The project is operated by Iamgold, and Sumitomo Metal Mining holds a 30% interest. Iamgold

said the project is on schedule and was 27% complete at the end of June. Contractors are widening the road to the site and removing overburden. The concrete batch plant at the mine site is operational, and the foundations for the ball mill circuit have been poured. Half of the planned rooms at the permanent camp are also complete. The total cost of the project has risen this year, with Iamgold’s portion of the costs rising to US$1.1 billion-US$1.2 billion, compared to US$875 million-US$925 million in last year’s estimate. The company has already spent US$193 million on the project. Commercial production at Cote is expected to start in the second half of 2023. Vale dropped US12¢ to US$21.95 per share. The company said that it was reviewing its 2021 U.S. MOST ACTIVE ISSUES VOLUME (000s)

Cleveland-Clif* CLF 152165 Freeport McMoR* FCX 113171 Vale* VALE 97804 United States S* X 87254 Yamana Gold* AUY 82257 Kinross Gold* KGC 73841 Barrick Gold* GOLD 68773 Chevron Corp* CVX 56211 Alcoa* AA 52635 Peabody Enrgy* BTU 43248

HIGH

21.68 35.26 22.17 23.34 4.22 6.24 21.06 100.47 37.87 11.46

WEEK LOW CLOSE CHANGE

18.51 31.36 20.86 20.54 4.01 5.98 20.27 94.52 31.00 8.02

21.58 35.19 21.95 23.13 4.06 6.12 20.63 98.86 37.06 10.93

+ + + + + +

1.65 1.99 0.12 1.24 0.16 0.08 0.23 0.24 4.11 2.22

production guidance for nickel and copper as labour strikes and “extraordinary climate conditions” in Canada have materially affected production, Reuters reported on July 19. The news agency said the Brazilian miner produced 41,500 tonnes of nickel and 73,500 tonnes of copper in the first quarter, representing declines of 14.3% and 4%, respectively, from the previous quarter. A union walk-off at Vale’s

mine in Sudbury, Canada, which started on June 1, hit production for both metals, according to Reuters. Additionally, non-scheduled maintenance at a metals refinery in Wales has constrained nickel output, and a flood at its Voisey’s Bay assets in Labrador, Canada, hit copper output. The company has maintained its 2021 iron ore production guidance of 315 million-335 million tonnes. TNM

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

Peabody Enrgy* Alcoa* Cleveland-Clif* Arch Resources* Turquoise HIl* Nouveau Monde* Freeport McMoR* United States S* CONSOL Energy* Intrepid Pots* IAMGOLD* Fortuna Silvr* Coeur Mng* Yamana Gold* McEwen Mng* DRDGOLD* Harmony Gold* Endeavr Silver* Trecora Res* Pretium Res*

BTU AA CLF ARCH TRQ NMG FCX X CEIX IPI IAG FSM CDE AUY MUX DRD HMY EXK TREC PVG

43248 52635 152165 1342 6685 956 113171 87254 1416 394 38223 31480 15845 82257 14471 873 21117 14582 315 6099

11.46 37.87 21.68 61.68 14.60 7.40 35.26 23.34 19.64 31.50 2.81 4.82 7.64 4.22 1.19 10.21 4.18 5.08 8.20 9.32

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

WEEK LOW CLOSE CHANGE

8.02 31.00 18.51 53.42 12.57 5.97 31.36 20.54 17.04 27.43 2.38 4.29 7.18 4.01 1.11 9.74 3.91 4.69 7.80 8.80

10.93 37.06 21.58 60.71 14.55 7.09 35.19 23.13 18.99 30.50 2.47 4.35 7.33 4.06 1.13 9.85 3.91 4.87 7.82 8.97

+ 25.5 + 12.5 + 8.3 + 7.0 + 6.6 + 6.3 + 6.0 + 5.7 + 4.3 + 4.1 - 11.5 - 9.9 - 5.4 - 3.8 - 3.4 - 3.3 - 3.2 - 3.2 - 3.0 - 2.7

MartinMarietta* MLM Alcoa* AA Arch Resources* ARCH Peabody Enrgy* BTU Freeport McMoR* FCX Cleveland-Clif* CLF United States S* X Intrepid Pots* IPI Southern Copp* SCCO Turquoise HIl* TRQ Franco-Nevada* FNV Newmont Corp* NEM Agnico Eagle* AEM Kirkland Lake* KL Black Hills* BKH Teck Res* TECK Fortuna Silvr* FSM Wheaton Prec* WPM Coeur Mng* CDE AngloGold Ash* AU

1503 52635 1342 43248 113171 152165 87254 394 5405 6685 2195 31914 4965 6407 1367 27099 31480 10973 15845 12023

WEEK CLOSE

356.23 37.06 60.71 10.93 35.19 21.58 23.13 30.50 63.08 14.55 147.21 60.11 59.95 39.88 67.66 20.99 4.35 43.73 7.33 19.21

CHANGE

+ + + + + + + + + + -

4.74 4.11 3.95 2.22 1.99 1.65 1.24 1.19 1.13 0.90 3.25 1.62 1.31 0.92 0.82 0.51 0.48 0.45 0.42 0.36

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 2–15, 2021

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 22 2021 (change from July 15, 2021 in brackets): Aluminium Alloy 1820 (-80) Aluminium 1430200 (-35575) Copper 224250 (+1625) Lead 64225 (-3500) Nickel 219516 (-4356) Tin 2235 (-205) Zinc 247475 (-1450)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$61.95 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.95 Cobalt: US$23.80/lb. Copper: US$4.28 Copper: CME Group Futures August 2021: US$4.56/lb.; September 2021: US$4.55/lb Iridium: NY Dealer Mid-mkt US$5,600/tr oz. Iron Ore 62% Fe CFR China-S: US$203.0 Lead: US$1.10/lb. Rhodium: Mid-mkt US$18,400.00 tr. oz. Ruthenium: Mid-mkt US$750.00/tr. oz. Silver: Handy & Harman Base: US$25.24 per oz.; Handy & Harman Fabricated: US$31.54 per oz. Tin: US$15.92/lb. Uranium: U3O8, Trade Tech spot price: US$32.30 per lb. U308 Zinc: US$1.34 per lb. Prices current July 27, 2021

DAILY METAL PRICES Date Jul 23 Jul 22 Jul 21 Jul 20 BASE METALS (London Metal Exchange – Midday official cash/3-month prices, US$ per tonne) Al Alloy 2234/2224 2234.50/2224 2235/2224 2235.50/2224 Aluminum 2492/2504 2449/2462.50 2432/2449 2424.50/2442.50 Copper 9433.50/9461.50 9382.50/9409 9271.50/9303 9211/9244.50 Lead 2416/2376 2386.50/2367.50 2341.50/2327 2320/2305.50 Nickel 19267/19266 18870/18867 18382/18386 18570/18577 Tin 35101/34177 34750/33564 34601/33290 34767/33653 Zinc 2944/2961 2920.50/2940 2922.50/2942.50 2935.50/2954.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1803.05 1797.40 1805.90 Gold PM 1799.60 1799.45 1802.15 Silver 25.17 25.07 25.11 Platinum 1075.00 1078.00 1067.00 Palladium 2728.00 2671.00 2653.00

1815.30 1823.05 25.10 1071.00 2593.00

Jul 19 2236/2224 2425/2446 9264.50/9300 2278.50/2286 18866/18885 34610/33680 2937/2954

1803.25 1814.90 25.33 1084.00 2606.00

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

Jul 23 1.2566 0.7958

Jul 22 1.2564 0.7959

Exchange rates (Quote Media, July 23, 2021) C$ to AUS C$ to EURO 1.0797 0.6764 C$ to UK Pound C$ to China Yuan 0.5789 5.1557 US to AUS US to EURO 1.3574 0.8495 US to UK Pound US to China Yuan 0.7274 6.4814

Jul 21 1.2572 0.7954

Jul 20 1.2674 0.7890

C$ to YEN 87.9849 C$ to India Rupee 59.2047 US to YEN 110.5540 US to India Rupee 74.4273

Jul 19 1.2749 0.7844

C$ to Mex Peso 15.9617 C$ to Swiss Franc 0.7320 US to Mex Peso 20.0574 US to Swiss Franc 0.9196

C$ to SA Rand 11.8154 C$ to S. Korea Won 916.7823 US to SA Rand 14.8453 US to S. Korea Won 1152.1200

CANADIAN GOLD MUTUAL FUNDS FundName BMO Prec Mtls Fd A BMO ZGD BMO ZJG CI Pre Met Fd A CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD Mac Prec Met Cl A NBI PrecMetFd Invt NPT Go&PrMinFd A NPT SilverEquCl A RBC GblPreMetFd A RBC GblPreMetFd Adv TD Prec Mtl Fd Inv

Jul 23 ($) 24.71 68.62 63.93 55.67 14.36 12.47 26.84 29.36 15.02 18.34 67.50 19.27 52.67 9.20 56.52 56.91 46.30

Jul 16 ($) 25.29 70.78 65.42 57.32 14.66 12.87 27.67 29.87 15.41 18.75 69.31 19.70 54.08 9.41 57.91 58.31 47.37

Change ($) -0.58 -2.15 -1.49 -1.65 -0.30 -0.40 -0.82 -0.51 -0.40 -0.41 -1.81 -0.43 -1.42 -0.21 -1.39 -1.40 -1.07

Change (%) -2.29 -3.04 -2.28 -2.88 -2.05 -3.14 -2.97 -1.72 -2.58 -2.19 -2.61 -2.18 -2.62 -2.24 -2.40 -2.40 -2.26

YTDChange (%) -7.92 -11.79 -15.74 -3.14 -7.72 -8.50 -13.65 -7.59 -6.01 -5.83 -6.11 -8.15 -11.77 -10.13 -8.94 -8.96 -9.77

MER (%) 2.40 0.61 0.60 2.31 2.29 2.73 0.68 0.83 2.63 0.61 2.52 2.46 3.19 2.98 2.09 2.09 2.27

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

TotalAssets (M$) 57.12 110.07 79.27 373.73 60.84 595.72 6.70 27.59 1080.61 69.86 30.08

460.11 2.30 130.97

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

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

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

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

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

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

Jul 23 20188.43 902.56 1214.11 293.50 268.46

Jul 22 20097.52 909.96 1207.95 295.50 268.46

Jul 21 20110.05 908.52 1207.89 297.86 270.39

Jul 20 19942.71 889.86 1199.32 298.03 267.40

Jul 19 19726.45 870.91 1187.59 297.89 265.82

High 20381.70 1113.64 1222.92 416.84 359.81

Low 15418.46 665.14 919.76 267.29 246.09

NEW 52-WEEK HIGHS AND LOWS JULY 19-23, 2021 37 New Highs

GLOBAL MINING NEWS · SINCE 1915

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Medaro Mining* Aldebaran Res* Altair Res Inc Altair Res Inc* Azarga Uranium Canstar Res Collective Mg* Constantine Mt Constantine Mt* District Cop Emerita Res* Ethos Gold Ethos Gold* Goliath Res Goliath Res* Intl Star* Lakewood Expl* Lithoquest Res Medaro Mining Mineral Res* Mineworx Tech* Orocobre Pasofino Gold Pasofino Gold* Prospect Ridge Prospero Silvr* Scotch Creek* Skeena Res* Standard Graph* Usha Res Walker Lane* Western Mag Western Mag* White Energy* Whitehaven Coa* Yanzhou Coal* Zincore Mtls*

191 New Lows

Medaro Mining* 1911 Gold Alexco Res Alexco Res* Almaden Min* American Creek Americas Silvr Americas Silvr* Amex Expl* Angold Res Aquila Res* Arizona Gold Aurwest Res* Avidian Gold Aztec Minerals* Azucar Min* B2Gold Corp* Baru Gold Baru Gold* Bear Creek Mng Bear Creek Mng* Brigadier Gold Brixton Metals* Buenaventura* Caledonia Mng* Califfi Cap Canada Silver Canada Silver* Chesapeake Gld Churchill Res Clarity Gold Clean Air Met CMC Metals* Collective Mg* Condor Res* Denarius Silv Discovery Silv* Dolly Vard Sil

Dolly Vard Sil* Dundee Prec Mt Eldorado Gold Eldorado Gold* Element 29* Emgold Mining Emgold Mining* Equinox Gold Equinox Gold* Ero Copper* Euro Sun Mg* Excellon Res* Fathom Nickel Firestone Vent Fortuna Silvr Fortuna Silvr* Fosterville Fresnillo plc* Fury Gold Fury Gold* Galane Gold Galiano Gold Galiano Gold* Galway Mtls Genesis Mtls Gldn Predator Gold Resource* Golden Arrow* Golden Star Golden Star* GoldMining Goldshore Res GR Silver GR Silver* Gran Colombia Gran Colombia* Granada Gold* Great Panther Great Panther*

Great Quest Fe Hannan Metals* Harte Gold Harte Gold* Headwater Gold IAMGOLD IAMGOLD* Idaho Champion IMPACT Silver Integra Res Integra Res* Irving Res Kingfisher Met* Kinross Gold Kinross Gold* Kootenay Silvr Kootenay Silvr* Kore Mining Liberty Gold* Lion One Mtls* MacDonald Mns MacDonald Mns* Makara Mining* Mantaro Silver Mawson Res* Mayfair Gold* Metallum Res Midland Expl Millennial Pr Millrock Res Millrock Res* Minaurum Gold Minaurum Gold* Mineral Mtn Monterey Min* Monumental Gld MPV Explor Nevada Sunrise* New Pac Metals

New Pac Metals* New Placer New Placer* Nexus Gold* Nighthawk Gold NovaGold Res NovaGold Res* Novo Res Nrthn Vertex Nrthn Vertex* NuLegacy Gold NuLegacy Gold* Orefinders Res Orex Mnrls Orex Mnrls* Outcrop S&G Outcrop S&G* Pan Am Silver Pan Am Silver* Paramount Gold* Phenom Res Power Metals Power Metals* Precipitate Gl* Pretium Res PUF Vent Inc * Pure Gold Mg Pure Gold Mg* Revival Gold * Rio2 Limited Rio2 Limited* Riverside Res* Sierra Madre G Sierra Madre G* Silver Dollar* Silver Eleph Silver Eleph* Silver One Silver One*

Silver Sands SilverCrest SilverCrest* Southern Silvr Southern Silvr* Spanish Mtn Gd Spanish Mtn Gd* SPC Nickel SPC Nickel* Standard Graph* Steppe Gold Strikepoint Gd Tanzanian Gold* Tempus Res* Teuton Res Teuton Res* Tier One Silv Tinka Res* Tombill Mines* Torex Gold Torex Gold* Trans Canada Trillium Gold Triple Flag Tudor Gold ValOre Metals* Vanstar Mng Rs Vanstar Mng Rs* Wallbridge Mng West Mining* West Red Lake* Winston Gold Winston Gold* Winston Res Yamana Gold Zacatecas Silv

LEGEND

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

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

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

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AUGUST 2–15, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JULY 19–23, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

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

V 627 O 92 V 277 C 202 C 119 O 58 V 1198 O 548 V 250 O 356 V 460 V 685 O 115 V 5 O 5 V 4093 O 3504 V 16 C 26 V 228 O 117 V 503 V 581 V 1077 O 195 V 858 V 67 O 43 V 2172 O 119 V 9 O 0 O 1474 N 4965 T 2415 O 106 O 19 V 181 O 169 C 34 T 2193 N 10350 N 52635 O 23 V 61 O 909 X 2857 T 665 V 408 O 337 O 491 O 109778 V 279 O 240 V 9 D 2125 X 3351 T 48 O 116 V 92 T 267 O 218 O 21 V 46 V 363 O 1821 O 4030 V 5762 V 155 O 50 O 90 V 1392 V 229 O 128 O 520 V 1019 V 25 V 57 V 370 O 15 T 468 O 97 V 2019 O 309 V 98 V 27 O 20 O 76 O 210 V 1255 V 973 O 77560 V 318 O 153 V 6714 O 209 O 55 O 574 V 445 O 112 V 1637 V 136 O 2242 V 1313 O 1671 V 921 C 3892 O 39 T 981 X 4732 T 1068 O 393 C 57 V 300 O 177 O 11 V 5 C 3203 O 2828 V 69 T 463 O 115 V 78 O 50 O 108 O 1135 V 1999 O 147 V 322 O 21 V 153 O 2859 O 3 T 40 O 0 N 12023 V 510 O 13 O 124 V 367 O 0 V 91 O 0 V 188 O 16 V 629 O 16 O 652 C 766 O 729 O 977 T 1660 V 35 N 1342 C 1 O 5 V 154 O 303 V 221 O 18 V 1421 O 22 O 1250 V 210 V 337 O 225 O 744 V 2084 V 591 O 1425 O 1085 V 991 O 4 V 4 C 64 O 173 O 317 T 3185

0.07 0.28 0.36 0.09 0.13 0.07 0.08 0.11 0.14 0.11 0.14 0.07 0.05 23.60 18.31 0.48 0.38 0.76 0.95 0.08 0.06 0.02 0.06 1.05 0.83 0.10 0.57 0.12 0.14 0.11 0.14 0.00 0.35 62.15 79.23 0.00 0.20 0.30 0.57 0.35 10.07 7.97 37.87 0.70 0.66 0.38 2.19 2.75 0.11 0.08 0.01 0.00 0.43 0.34 1.04 7.55 0.45 0.56 0.24 0.30 1.08 0.87 0.04 0.05 0.72 0.59 0.61 0.77 0.08 0.06 0.13 0.19 0.72 0.57 0.23 0.29 0.03 0.17 0.30 0.22 16.90 13.59 0.35 0.22 0.03 1.02 0.92 4.79 0.06 0.07 0.06 0.00 0.13 0.10 0.31 0.24 0.02 0.17 0.24 0.04 0.06 0.17 1.45 1.72 0.99 1.23 0.82 0.04 1.79 1.44 1.25 1.00 0.85 2.40 1.88 0.03 0.05 0.75 0.62 0.07 0.83 0.64 1.37 0.02 0.00 0.09 0.12 0.03 0.04 0.05 0.06 20.54 40.03 2.62 0.00 20.06 0.30 0.00 0.88 1.12 0.00 0.05 0.00 0.13 20.11 0.99 0.78 0.71 0.90 0.02 0.07 0.08 2.05 61.68 0.00 0.18 0.26 0.07 0.09 0.09 0.11 0.03 0.02 0.03 0.09 0.08 0.14 0.18 0.65 0.51 0.23 0.30 0.17 0.22 0.17 0.13 2.60 3.26

0.07 0.25 0.32 0.08 0.12 0.05 0.06 0.08 0.10 0.10 0.13 0.06 0.04 21.60 0.00 0.41 0.32 0.52 0.86 0.07 0.00 0.00 0.05 0.92 0.75 0.09 0.52 0.10 0.12 0.01 0.12 0.00 0.29 59.36 74.75 0.00 0.20 0.24 0.42 0.30 9.63 7.59 31.00 0.45 0.57 0.30 1.99 2.55 0.10 0.07 0.00 0.00 0.35 0.27 0.00 6.62 0.41 0.52 0.20 0.26 0.91 0.70 0.03 0.05 0.65 0.51 0.53 0.68 0.07 0.06 0.11 0.14 0.56 0.41 0.19 0.24 0.03 0.15 0.26 0.00 15.69 12.25 0.24 0.00 0.03 1.00 0.83 4.44 0.00 0.06 0.05 0.00 0.12 0.09 0.28 0.22 0.00 0.15 0.19 0.04 0.06 0.15 1.20 1.53 0.82 1.05 0.69 0.03 1.66 1.30 1.10 0.86 0.54 2.21 1.73 0.03 0.05 0.65 0.51 0.00 0.70 0.57 1.23 0.00 0.00 0.07 0.09 0.00 0.03 0.00 0.06 18.89 0.00 2.47 0.00 19.03 0.25 0.00 0.70 0.90 0.00 0.04 0.00 0.10 0.00 0.83 0.67 0.49 0.63 0.02 0.05 0.00 1.85 53.42 0.00 0.18 0.23 0.07 0.08 0.08 0.09 0.01 0.02 0.03 0.00 0.05 0.09 0.13 0.57 0.44 0.16 0.20 0.00 0.00 0.15 0.12 2.30 3.03

0.07 + 0.27 0.34 0.08 0.13 unch 0.06 + 0.08 + 0.09 0.11 0.11 0.14 0.06 0.05 22.63 18.02 0.45 unch 0.35 0.58 0.86 0.07 0.05 0.02 unch 0.06 0.94 0.77 0.09 0.57 + 0.12 0.12 0.10 0.12 0.00 unch 0.31 59.95 75.36 0.00 0.20 0.24 0.48 0.30 9.82 7.79 37.06 + 0.51 0.65 0.34 unch 2.07 2.58 0.10 unch 0.08 0.01 0.00 + 0.42 + 0.34 + 1.04 + 7.31 + 0.42 0.53 0.21 0.29 + 0.99 + 0.78 + 0.04 0.05 unch 0.71 + 0.56 + 0.60 0.75 unch 0.07 0.06 unch 0.11 + 0.14 0.72 0.54 0.22 + 0.28 0.03 unch 0.15 0.27 0.21 16.29 13.02 0.34 + 0.22 + 0.03 unch 1.02 + 0.92 + 4.79 + 0.06 unch 0.07 unch 0.05 0.00 0.13 + 0.10 + 0.29 unch 0.23 0.01 0.15 0.19 0.04 0.06 unch 0.17 1.29 1.62 0.92 + 1.16 + 0.76 + 0.04 + 1.67 1.33 1.23 + 0.97 + 0.70 2.28 1.82 0.03 unch 0.05 unch 0.72 0.58 0.07 unch 0.75 0.60 1.30 + 0.02 0.00 unch 0.09 + 0.11 + 0.03 0.03 0.04 0.06 unch 20.49 + 39.95 + 2.60 18.00 unch 19.21 0.27 0.24 unch 0.79 + 1.01 + 0.03 unch 0.04 0.13 unch 0.10 20.43 + 0.95 + 0.78 + 0.68 + 0.84 + 0.02 0.06 0.07 2.00 60.71 + 0.75 unch 0.18 + 0.26 unch 0.07 unch 0.08 0.08 0.09 0.01 0.02 unch 0.03 0.08 0.08 + 0.09 0.16 0.60 0.47 0.16 0.20 0.17 0.22 unch 0.15 0.12 2.55 + 3.21 +

0.01 0.08 0.05 0.01 1.22 0.25 0.02 0.98 0.32 0.01 0.23 0.06 0.00 0.21 0.08 0.00 0.11 0.02 0.01 0.11 0.03 0.01 0.21 0.08 0.03 0.29 0.10 0.01 0.18 0.08 0.01 0.24 0.11 0.01 0.16 0.05 0.00 0.12 0.04 0.18 26.75 20.32 0.09 20.82 15.12 0.00 0.82 0.21 0.00 0.68 0.16 0.25 3.00 0.52 0.09 0.95 0.31 0.01 0.15 0.06 0.01 0.12 0.05 0.00 0.04 0.01 0.01 0.17 0.05 0.13 1.42 0.80 0.08 1.06 0.62 0.01 0.40 0.08 0.05 1.00 0.44 0.01 0.37 0.09 0.01 0.31 0.11 0.01 0.25 0.01 0.02 0.18 0.06 0.00 0.02 0.00 0.03 1.37 0.29 1.31 89.23 54.66 1.83 117.35 69.14 0.00 0.13 0.00 0.04 0.53 0.16 0.05 0.67 0.19 0.05 0.79 0.41 0.05 0.45 0.15 0.08 15.52 8.89 0.07 11.58 7.02 4.11 44.42 10.98 0.09 0.70 0.24 0.05 0.74 0.28 0.00 1.45 0.13 0.06 3.50 1.99 0.10 4.57 2.55 0.00 0.25 0.09 0.00 0.19 0.07 0.00 0.04 0.00 0.00 0.02 0.00 0.03 0.71 0.23 0.03 0.56 0.18 0.04 1.15 0.13 0.34 7.92 2.63 0.03 1.24 0.41 0.04 1.60 0.52 0.02 0.29 0.14 0.01 0.36 0.20 0.03 1.30 0.58 0.02 1.07 0.40 0.01 0.19 0.01 0.00 0.12 0.04 0.02 1.16 0.52 0.01 0.90 0.36 0.00 0.69 0.12 0.00 0.80 0.17 0.01 0.14 0.06 0.00 0.11 0.05 0.06 0.13 0.02 0.01 0.19 0.01 0.02 0.80 0.11 0.05 0.79 0.08 0.00 0.42 0.07 0.01 0.47 0.10 0.00 0.05 0.01 0.04 0.22 0.08 0.04 0.50 0.14 0.01 0.36 0.10 0.48 19.39 9.63 0.21 16.00 7.16 0.06 0.42 0.09 0.02 0.32 0.08 0.00 0.05 0.01 0.01 1.66 0.74 0.08 21.22 0.45 0.10 5.97 3.83 0.00 0.10 0.03 0.00 0.13 0.05 0.01 0.09 0.03 0.00 0.05 0.00 0.01 0.20 0.04 0.00 0.16 0.03 0.00 0.42 0.25 0.01 0.31 0.19 0.00 0.08 0.01 0.02 0.38 0.15 0.03 0.50 0.19 0.00 0.08 0.02 0.00 0.10 0.03 0.01 0.40 0.15 0.06 3.32 0.60 0.08 4.21 0.81 0.04 2.25 0.13 0.05 2.86 0.18 0.03 0.83 0.13 0.00 0.06 0.01 0.12 5.12 1.66 0.12 3.90 1.30 0.07 1.61 0.49 0.06 1.35 0.37 0.17 0.96 0.12 0.10 4.19 2.19 0.06 3.26 1.73 0.00 0.04 0.03 0.00 0.08 0.04 0.02 2.15 0.30 0.02 1.90 0.51 0.00 0.12 0.02 0.06 1.05 0.45 0.05 0.85 0.34 0.04 2.03 1.18 0.00 0.02 0.00 0.00 0.07 0.00 0.00 0.16 0.03 0.01 0.20 0.05 0.00 0.05 0.01 0.01 0.07 0.02 0.01 0.08 0.03 0.00 0.10 0.05 0.48 24.75 11.47 0.20 49.42 22.94 0.04 2.90 1.75 0.00 38.94 18.00 0.36 38.50 18.18 0.01 0.53 0.25 0.00 0.34 0.23 0.01 1.25 0.43 0.03 1.51 0.54 0.00 0.07 0.03 0.01 0.09 0.04 0.00 0.55 0.13 0.03 0.49 0.12 1.76 27.80 13.03 0.05 1.28 0.38 0.07 0.91 0.33 0.13 1.00 0.13 0.13 1.22 0.18 0.00 0.14 0.01 0.01 0.14 0.05 0.01 0.18 0.07 0.05 2.63 1.29 3.95 62.63 27.67 0.00 0.75 0.08 0.01 0.26 0.15 0.00 0.40 0.11 0.00 0.52 0.06 0.01 0.25 0.05 0.01 0.24 0.02 0.02 0.29 0.02 0.01 0.38 0.00 0.00 0.03 0.01 0.01 0.04 0.02 0.01 0.21 0.07 0.01 0.15 0.05 0.04 0.21 0.01 0.02 0.27 0.02 0.07 0.82 0.08 0.06 0.69 0.06 0.07 0.26 0.04 0.10 0.33 0.06 0.04 0.27 0.13 0.00 0.35 0.15 0.01 0.30 0.04 0.00 0.22 0.10 0.10 2.91 1.50 0.10 3.44 1.90

(100s) Stock

Exc Volume

Week Low

0.00 0.00 0.33 0.33 0.25 0.26 1.92 1.95 0.07 0.08 + 0.09 0.09 3.74 4.59 + 2.94 3.64 + 0.13 0.18 + 0.18 0.23 + 0.58 0.58 unch 0.00 0.37 unch 6.08 6.20 4.83 4.93 0.29 0.31 + 0.34 0.40 + 0.15 0.15 0.19 0.19 1.09 1.16 0.86 0.93 + 0.01 0.01 unch 0.00 0.24 unch 0.00 0.07 unch 0.03 0.03 0.04 0.05 + 0.10 0.11 0.13 0.14 + 0.02 0.02 4.71 5.20 + 0.15 0.15 0.18 0.20 0.00 0.07 0.43 0.45 + 0.55 0.56 0.00 0.00 0.17 0.17 unch 0.22 0.22 unch 1.54 1.57 1.20 1.27 0.20 0.20 14.87 15.57 0.00 12.44 + 2.20 2.32 2.75 2.92 0.76 0.80 0.60 0.63 0.20 0.24 + 0.00 0.17 0.40 0.43 0.34 0.34 0.89 0.89 0.70 0.71 0.04 0.04 0.12 0.12 0.13 0.15 0.66 0.85 0.00 0.13 0.02 0.02 unch 0.09 0.09 0.13 0.13 unch 0.21 0.21 unch 0.77 0.78 0.63 0.64 + 0.09 0.10 + 0.11 0.13 + 0.12 0.12 0.10 0.10 0.95 0.99 1.21 1.24 0.00 0.09 + 0.06 0.07 + 0.05 0.05 0.06 0.06 0.00 0.05 unch 6.00 7.30 + 0.00 0.10 + 0.00 0.11 0.26 0.34 + 0.20 0.27 + 2.04 2.06 1.62 1.74 0.04 0.04 + 0.04 0.05 unch 0.28 0.30 0.00 0.23 0.00 0.01 0.10 0.10 0.08 0.08 -

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

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

19 205 154 94 472 792 632 114 1041 1303 6 0 702 91 27 1040 63 803 614 1206 5 0 0 1196 2067 374 1138 2984 9 7 89 25 265 343 23 1 33 54 38 9 86 4 57 81 1528 1315 243 226 97 31 343 59 45 42 284 26 12 352 304 275 48 823 20 874 1636 747 34 2685 341 162 287 1162 77 0 66 6 70 3162 1010 772 63 1298 4759 249 41 156 154 100

0.02 0.35 0.28 2.10 0.08 0.11 4.78 3.77 0.19 0.24 0.64 0.00 6.81 5.40 0.31 0.41 0.17 0.23 1.20 0.98 0.01 0.00 0.00 0.04 0.05 0.11 0.16 0.02 5.20 0.15 0.21 0.08 0.46 0.59 0.00 0.17 0.22 1.70 1.32 0.20 15.87 12.44 2.33 3.00 0.87 0.69 0.25 0.20 0.46 0.38 0.99 0.78 0.07 0.13 0.16 0.89 0.14 0.02 0.11 0.13 0.21 0.84 0.66 0.11 0.14 0.15 0.11 1.06 1.32 0.09 0.07 0.06 0.07 0.00 7.57 0.11 0.13 0.38 0.30 2.34 1.80 0.04 0.06 0.30 0.24 0.01 0.11 0.09

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

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

47450 11976 144 977 140 1031 1093 3958 1004 391 82 10 56 210 65 11948 68773 18 72 1064 581 679 886 174 76 239 96 898 1278 309 79 806 1077 667 105 487 1289 164 719 50 839 2397 326 9 87 245 469 10 278 254 30 86 8 49 50 137 536 12 1367 72 739 83 45 229 28 2208 949 1270 110 38 214 3310 550 540 22 177 4122 758 369 1104 90 882 393 14 451 153 30 83 40

4.07 5.13 0.17 0.06 0.19 0.19 0.16 0.12 0.29 0.23 0.02 0.31 0.40 0.27 0.23 26.83 21.06 0.52 0.69 0.08 0.07 0.40 0.51 0.11 0.09 0.14 0.74 0.20 0.17 0.17 0.14 1.24 1.58 0.18 0.14 0.16 0.23 0.17 0.06 0.04 0.61 0.48 0.36 0.30 0.91 1.14 0.41 0.32 0.15 0.18 0.65 0.80 0.04 0.06 0.17 0.10 0.13 0.05 68.60 0.36 0.45 0.18 0.22 0.48 0.02 0.03 0.88 0.70 0.95 0.77 0.11 0.01 0.68 0.58 0.04 0.06 0.02 0.02 0.15 0.20 0.77 0.05 0.09 0.08 0.14 1.68 1.29 0.22 0.14

Last

12-month

High

Change

Stock

0.02 0.02 0.02 0.05 0.00 0.02 0.47 0.39 0.02 0.03 0.00 0.00 0.15 0.11 0.01 0.04 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.10 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.08 0.06 0.00 0.38 0.17 0.13 0.13 0.05 0.04 0.01 0.07 0.01 0.03 0.11 0.09 0.01 0.01 0.01 0.04 0.03 0.00 0.02 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.05 0.05 0.02 0.01 0.02 0.02 0.00 0.15 0.01 0.01 0.04 0.04 0.19 0.04 0.00 0.00 0.01 0.00 0.00 0.01 0.01

0.40 0.60 0.50 3.29 0.15 0.18 5.55 4.53 0.33 0.41 0.97 0.37 7.64 5.96 0.36 0.53 0.55 0.34 1.63 1.33 0.05 0.64 0.09 0.08 0.11 0.30 0.40 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.08 0.40 0.45 3.60 2.79 0.44 18.30 18.11 4.31 5.75 1.25 0.99 0.33 0.25 1.35 0.51 1.68 1.28 0.10 0.14 0.22 1.00 1.01 0.04 0.69 0.38 0.50 0.89 1.22 0.25 0.36 0.44 0.40 2.82 3.60 0.20 0.16 0.22 0.15 0.11 8.50 0.12 0.17 0.36 0.30 2.71 2.02 0.14 0.18 0.70 0.53 0.05 0.27 0.20

0.00 0.13 0.10 1.88 0.07 0.10 0.55 0.46 0.11 0.14 0.48 0.37 4.08 3.05 0.05 0.07 0.06 0.08 0.84 0.67 0.01 0.17 0.02 0.03 0.04 0.10 0.13 0.00 2.50 0.08 0.11 0.03 0.29 0.39 0.00 0.00 0.21 0.96 0.66 0.18 11.30 8.73 1.78 2.22 0.62 0.46 0.04 0.03 0.40 0.34 0.78 0.43 0.03 0.12 0.04 0.16 0.01 0.01 0.05 0.13 0.17 0.09 0.00 0.09 0.05 0.12 0.10 0.86 1.14 0.06 0.06 0.05 0.05 0.04 1.35 0.04 0.06 0.16 0.11 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.11 0.08

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

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

0.02 0.05 0.00 0.01 0.04 0.05 0.04 0.00 0.01 0.00 0.00 0.00 0.00 0.03 0.04 0.35 0.23 0.00 0.01 0.01 0.00 0.03 0.04 0.01 0.01 0.01 0.07 0.03 0.03 0.01 0.01 0.17 0.21 0.00 0.00 0.02 0.02 0.02 0.00 0.00 0.02 0.02 0.01 0.01 0.05 0.02 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.01 0.03 0.00 0.02 0.00 0.82 0.01 0.02 0.02 0.06 0.04 0.00 0.01 0.00 0.01 0.08 0.06 0.01 0.00 0.03 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.03 0.00

7.55 9.99 0.17 0.16 0.44 0.71 1.12 0.19 0.39 0.90 0.11 0.57 0.70 0.42 0.31 41.09 31.22 0.66 0.82 0.24 0.21 1.15 1.19 0.16 0.13 0.26 0.90 0.25 0.26 0.30 0.22 3.04 4.17 0.34 0.25 0.44 0.45 0.32 0.11 0.15 1.44 1.10 0.57 0.42 1.36 1.64 0.48 0.52 0.37 0.26 1.10 1.40 0.04 0.10 0.26 0.19 0.25 0.10 71.34 0.62 0.76 0.19 0.26 0.75 0.08 0.10 1.61 1.22 1.51 1.75 0.27 0.05 0.98 0.80 0.08 0.09 0.03 0.02 0.26 0.33 1.60 0.15 0.40 0.26 0.20 2.40 1.84 1.05 0.65

3.84 4.90 0.13 0.05 0.06 0.08 0.06 0.02 0.17 0.10 0.00 0.25 0.34 0.10 0.08 23.63 18.64 0.31 0.42 0.06 0.05 0.23 0.30 0.09 0.06 0.09 0.50 0.06 0.08 0.05 0.04 1.08 1.33 0.10 0.06 0.10 0.14 0.10 0.05 0.04 0.48 0.39 0.32 0.20 0.54 0.72 0.37 0.17 0.10 0.14 0.32 0.40 0.04 0.04 0.04 0.03 0.04 0.02 51.97 0.08 0.10 0.05 0.05 0.35 0.02 0.02 0.62 0.49 0.75 0.00 0.06 0.00 0.47 0.28 0.01 0.02 0.01 0.00 0.06 0.09 0.55 0.04 0.08 0.07 0.09 1.50 1.20 0.17 0.13

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

B 3.84 3.94 4.90 4.95 0.17 0.17 unch 0.05 0.05 0.14 0.15 0.14 0.15 0.11 0.12 0.10 0.11 0.26 0.28 + 0.20 0.22 + 0.00 0.02 0.00 0.31 0.38 0.38 unch 0.22 0.22 0.19 0.19 25.73 25.93 20.27 20.63 0.51 0.52 + 0.66 0.67 + 0.06 0.08 + 0.05 0.06 + 0.35 0.37 0.44 0.46 0.10 0.10 0.08 0.08 0.13 0.14 + 0.70 0.72 0.11 0.16 + 0.14 0.15 0.15 0.16 0.12 0.14 + 0.99 1.08 1.24 1.37 0.15 0.17 unch 0.12 0.13 0.14 0.15 0.18 0.18 0.00 0.14 0.05 0.06 unch 0.04 0.04 unch 0.52 0.57 0.41 0.45 0.32 0.35 0.29 0.29 0.82 0.91 + 1.04 1.10 + 0.40 0.40 unch 0.32 0.32 unch 0.12 0.15 + 0.17 0.18 0.60 0.63 0.76 0.79 0.04 0.04 unch 0.00 0.06 0.13 0.16 + 0.08 0.10 + 0.00 0.13 + 0.05 0.05 unch 65.65 67.66 0.32 0.33 0.38 0.42 0.00 0.17 0.17 0.17 0.38 0.41 0.00 0.02 + 0.02 0.03 + 0.75 0.86 unch 0.59 0.69 + 0.88 0.90 0.71 0.72 0.09 0.11 + 0.01 0.01 + 0.60 0.65 0.48 0.52 0.04 0.04 0.05 0.05 0.02 0.02 unch 0.01 0.02 0.12 0.14 + 0.16 0.17 + 0.69 0.74 0.04 0.05 unch 0.00 0.08 0.07 0.07 0.13 0.14 1.51 1.60 unch 1.20 1.28 + 0.00 0.20 + 0.14 0.14 unch

(100s)

High Low

Exc Volume

Week High

Low

Last

14 40 5 80 4583 358 92 82 11862 3 46 1341 323 367 547 76 71568 383 507 1290 431 288 372 521 38 652 385 44 4761 255 0 10 126 13 311 1413

0.06 0.09 0.33 0.43 0.01 0.08 1.38 0.23 0.00 0.03 0.04 0.07 0.06 0.09 0.12 0.14 0.02 0.08 0.09 0.10 0.02 0.14 0.18 0.22 0.02 0.10 0.13 0.09 8.75 0.02 0.00 0.09 0.26 0.36 0.17 0.04

0.05 0.08 0.29 0.00 0.00 0.07 1.30 0.21 0.00 0.02 0.00 0.06 0.05 0.08 0.10 0.00 0.01 0.06 0.08 0.06 0.01 0.12 0.16 0.17 0.02 0.09 0.12 0.08 8.07 0.01 0.00 0.07 0.23 0.30 0.02 0.03

0.06 0.08 0.30 0.40 0.01 0.08 1.34 0.23 0.00 0.02 0.03 0.07 0.05 0.08 0.10 0.13 0.01 0.07 0.08 0.08 0.01 0.14 0.17 0.22 0.02 0.10 0.12 0.08 8.60 0.02 0.03 0.08 0.24 0.36 0.16 0.03

O 71 O 313 V 814 O 103 V 1392 O 254 O 1 O 1 V 69 X 354 O 149 T 1565 V 110 C 97 O 2 O 55 V 52 N 15872 T 4884 V 43 O 1 O 20 V 526 O 80 V 791 O 132 O 5 V 141 V 742 O 436 V 1194 O 660 O 5 C 427 O 3 V 50 V 125 O 196 T 2105 O 746 V 771 O 118 V 435 V 53 O 8 T 75 O 21 V 137 O 441 V 740 O 1 V 4 V 450 O 1 O 579 V 1092 O 102 V 156 V 63 O 30 V 94 O 0 O 42 V 336 V 229 O 159 T 4660 O 33 V 10 V 206 V 6 O 26 C 1194 C 260 O 59 V 239 V 197 O 13 C 5037 V 253 V 509 V 307 C 1418 O 73 C 0 C 31 O 40 C 1068 O 1210 O 325 T 92 O 234 T 2883 V 218 O 6 V 98 O 49 O 1 T 69 V 247 O 74 C 181 O 10 C 4 O 263 V 851 V 170 O 186 O 204 O 133 V 87 O 45 T 1191 V 51 O 28 O 65 V 45 N 56211 V 711 O 16 V 467 O 10 T 86 V 229 C 303 O 111 C 13 V 1074 O 8 V 300 N 152165 V 20 O 9 V 6 O 341 V 1279 C 1003 O 284 V 300 N 15845 O 885

0.33 0.13 0.19 0.45 0.52 0.03 0.45 0.01 0.06 12.28 1.39 1.78 0.15 0.13 0.10 3.22 3.97 17.48 21.96 0.16 0.13 0.07 0.16 0.13 3.50 2.79 0.06 0.08 0.08 0.07 0.36 0.28 0.21 0.29 0.31 0.33 0.06 0.55 0.70 0.40 0.50 0.03 0.12 0.53 0.42 0.13 0.05 0.07 0.09 0.13 0.12 0.19 0.18 0.13 0.44 0.55 0.30 0.38 0.50 0.40 0.19 0.00 0.08 0.09 0.29 0.24 5.32 0.06 0.08 0.07 0.05 0.07 0.03 0.12 0.23 0.26 0.27 0.22 0.06 0.03 0.48 0.02 0.04 0.04 0.00 0.05 0.20 0.14 0.11 0.04 1.82 0.03 9.66 0.19 0.14 0.06 0.04 0.18 0.29 1.42 0.23 0.30 0.01 0.02 0.14 0.18 0.32 0.26 5.08 0.07 0.09 5.08 6.42 0.11 0.09 3.27 4.17 100.47 0.28 0.19 0.17 0.12 3.35 0.17 0.70 0.54 0.33 0.28 0.19 0.11 21.68 0.17 0.17 0.07 0.09 0.11 0.32 0.05 0.06 7.64 0.11

12-month Change

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

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

942 8 0 55 461 115 25 332 114 146 4349 53 51 62 62 189 234 213 1 132 1416 16373 814 832 47 475 63 266 30 128 250 114 854 4604 380 349 541 48 52 1754 22 13 99 123 183 1124 1094 650 214 84 7 185 1166 1 394 778 867 416 1293 0 0 9 30 163 319 531 661

0.13 3.50 0.00 0.16 0.84 0.19 0.15 0.23 0.19 0.20 3.35 0.10 0.08 0.67 0.83 0.17 0.21 0.12 0.09 0.17 19.64 13.06 0.28 0.35 0.08 0.09 0.07 0.90 0.70 0.32 0.41 0.04 2.88 3.57 0.06 0.42 0.34 0.66 0.85 0.10 4.00 3.15 0.36 0.46 0.14 3.25 4.08 0.13 0.13 0.41 0.03 1.08 1.31 0.15 0.19 0.19 0.16 0.08 0.10 0.20 0.00 0.04 0.07 0.97 0.07 0.90 1.14

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

1089 O 1808 V 25 O 402 V 49 O 454 V 133 O 2417 V 443 O 104 C 528 O 750 V 1457 V 1194 O 325 V 393 V 8109 T X 43232 143 V 6 O 233 V 76 O 63 O 179 V 1084 O 79 O 66 V 160 V 286 O 1836 V O 104101 2111 V 1693 O 1 V 18 V 20 O 350 O 1035 V 25 V 1233 O 548 V 467 O 192 O 1228 O 1057 V 220 V 2520 V 1987 O 873 N 993 T 27 O 225 V 399 V 93 O 130 T 5 O 0 O 205 V 141 O 667 V 195 O 500 V 164 O 1113 C 27 O 17 V 179 V 334 V 6 O 29 O 69 T 327 V 34 O 77 C 94 O 244 C 21 V 3 O 48 O 210 V 105 C 3475 O 14 O 208 V 127 V 73 O 8122 N 1528 T 5 O 605 V 327 O 1820 V 785 O 40 V 124 O 6800 V 1038 O 298 O 204 V 53 V 20 O 681 X 60 V 2 O 3 V 1923 V 2134 T 2200 T N 14582 4 O

0.06 0.07 0.06 0.07 0.36 0.05 0.04 0.05 0.04 0.09 0.20 0.24 0.60 0.47 0.07 0.45 1.38 1.10 0.17 0.13 4.58 0.04 0.26 0.33 0.00 0.23 0.24 0.09 0.07 0.09 0.01 1.89 1.53 0.10 0.21 0.02 0.29 0.33 0.24 0.01 0.24 0.02 0.08 0.42 0.53 0.88 0.85 0.70 10.21 7.56 0.05 0.07 0.13 0.08 2.67 2.17 0.89 0.21 0.16 0.13 1.43 1.80 1.08 1.37 0.11 0.13 0.16 0.30 0.23 0.27 0.34 0.09 0.08 0.14 0.11 0.17 0.21 0.16 0.90 0.12 0.22 0.01 0.04 0.05 0.07 0.06 9.50 12.04 0.43 3.72 2.97 1.32 1.05 0.82 0.64 1.95 1.55 0.05 0.06 0.90 0.67 2.86 3.66 0.03 0.06 1.23 28.90 6.38 5.08 0.21

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

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

0.11 0.16 0.53 0.70 0.04 0.43 1.62 0.42 0.01 0.08 0.09 0.25 0.19 0.13 0.17 0.55 0.10 0.38 0.51 0.13 0.04 0.42 0.57 0.28 0.03 0.19 0.27 0.14 14.32 0.03 0.04 0.19 0.70 0.53 0.60 0.08

0.03 0.04 0.06 0.09 0.00 0.07 0.79 0.17 0.00 0.02 0.03 0.06 0.05 0.05 0.07 0.05 0.00 0.06 0.08 0.01 0.00 0.12 0.16 0.11 0.01 0.08 0.11 0.05 8.07 0.00 0.01 0.06 0.23 0.21 0.00 0.02

0.29 0.12 0.16 0.38 + 0.48 + 0.03 + 0.45 unch 0.01 unch 0.06 11.66 1.26 1.57 0.15 0.12 unch 0.10 + 3.05 3.82 17.08 + 21.48 + 0.15 0.13 0.03 0.13 0.10 3.44 + 2.73 + 0.05 unch 0.06 0.07 0.06 0.34 0.27 0.21 unch 0.24 0.29 0.33 unch 0.06 0.50 + 0.63 + 0.39 + 0.49 + 0.03 + 0.10 0.52 + 0.40 0.12 0.05 unch 0.07 + 0.09 unch 0.11 unch 0.12 0.19 + 0.18 unch 0.13 unch 0.40 + 0.52 + 0.25 0.31 0.49 unch 0.38 0.19 unch 0.16 unch 0.07 + 0.09 unch 0.28 + 0.24 + 5.22 + 0.06 unch 0.07 + 0.06 0.05 0.06 0.03 unch 0.11 unch 0.19 0.24 0.25 0.21 0.05 0.03 0.42 0.02 unch 0.03 0.02 0.41 unch 0.05 0.20 + 0.14 + 0.10 + 0.04 + 1.73 0.01 9.41 + 0.17 0.14 0.06 unch 0.04 + 0.18 0.28 1.42 + 0.23 + 0.28 0.01 unch 0.02 unch 0.13 + 0.16 0.29 0.24 4.98 0.07 + 0.09 + 5.00 + 6.31 + 0.11 + 0.09 3.18 3.99 98.86 + 0.27 + 0.19 + 0.16 + 0.12 3.21 + 0.17 0.60 0.48 0.25 0.28 + 0.18 0.10 unch 21.58 + 0.17 + 0.17 + 0.07 unch 0.08 0.10 0.32 + 0.04 + 0.06 unch 7.33 0.09 -

0.01 0.01 0.02 0.00 0.01 0.01 0.00 0.00 0.01 0.30 0.10 0.15 0.03 0.00 0.01 0.11 0.10 0.25 0.26 0.01 0.00 0.04 0.03 0.03 0.04 0.08 0.00 0.01 0.01 0.00 0.02 0.01 0.00 0.03 0.02 0.00 0.01 0.06 0.08 0.01 0.02 0.00 0.01 0.02 0.02 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.00 0.06 0.09 0.05 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.03 0.17 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.03 0.01 0.01 0.03 0.01 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.04 0.02 0.19 0.01 0.01 0.00 0.00 0.09 0.05 0.14 0.02 0.01 0.00 0.00 0.00 0.01 0.03 0.02 0.52 0.02 0.01 0.06 0.09 0.02 0.01 0.01 0.06 0.24 0.02 0.00 0.04 0.00 0.07 0.01 0.04 0.04 0.07 0.02 0.02 0.00 1.65 0.05 0.00 0.00 0.00 0.01 0.03 0.01 0.00 0.42 0.02

0.48 0.16 0.20 0.70 0.88 2.08 0.47 0.04 0.17 29.39 2.40 2.80 0.21 0.30 0.23 5.26 6.50 21.95 26.62 0.30 0.22 0.10 0.37 0.26 4.54 3.68 0.09 0.12 0.22 0.18 0.77 0.60 0.30 0.45 0.31 0.48 0.13 0.78 0.95 0.68 0.84 0.07 0.26 0.68 0.52 0.27 0.07 0.09 0.23 0.31 0.22 0.31 0.24 0.15 0.47 0.55 0.37 0.50 1.60 1.18 0.40 0.32 0.10 0.12 0.50 2.00 6.64 0.09 0.11 0.10 0.07 0.30 0.08 0.19 0.31 0.37 0.35 0.27 0.20 0.06 1.20 0.04 0.10 0.15 0.50 0.55 1.00 0.19 0.16 0.15 4.04 0.10 19.59 0.43 0.34 0.10 0.15 0.34 0.40 1.76 0.35 0.49 0.05 0.06 0.49 0.62 0.80 0.61 7.21 0.12 0.18 5.74 6.89 0.20 0.11 5.75 7.61 113.11 0.46 0.36 0.55 0.40 4.47 0.26 1.82 1.48 1.11 0.49 0.39 0.15 24.77 0.20 0.35 0.07 0.21 0.27 0.82 0.14 0.17 12.60 0.16

0.05 0.03 0.05 0.17 0.25 0.01 0.45 0.01 0.05 11.47 0.92 1.36 0.15 0.09 0.07 1.40 1.86 9.01 11.84 0.09 0.07 0.01 0.12 0.00 1.02 0.76 0.03 0.04 0.05 0.03 0.32 0.25 0.05 0.06 0.12 0.14 0.05 0.31 0.10 0.12 0.17 0.01 0.09 0.25 0.29 0.08 0.02 0.04 0.08 0.10 0.06 0.08 0.13 0.00 0.05 0.08 0.12 0.15 0.46 0.38 0.09 0.10 0.04 0.05 0.21 0.11 1.04 0.02 0.04 0.06 0.03 0.06 0.02 0.07 0.14 0.22 0.08 0.06 0.03 0.03 0.40 0.01 0.02 0.00 0.10 0.04 0.07 0.10 0.07 0.01 1.72 0.01 8.21 0.16 0.13 0.04 0.01 0.07 0.08 0.93 0.19 0.23 0.00 0.01 0.08 0.09 0.28 0.22 0.70 0.05 0.08 1.90 2.45 0.06 0.04 2.99 3.77 65.16 0.12 0.09 0.08 0.07 1.12 0.17 0.59 0.38 0.25 0.22 0.14 0.07 5.16 0.08 0.10 0.05 0.07 0.09 0.21 0.02 0.04 6.56 0.04

Exc Volume

Week

Stock

C 0.26 0.12 0.00 0.37 0.47 0.02 0.45 0.01 0.00 11.47 1.24 1.57 0.15 0.11 0.00 2.77 3.51 16.00 20.38 0.15 0.13 0.03 0.12 0.10 3.08 2.42 0.05 0.05 0.07 0.06 0.32 0.25 0.21 0.23 0.29 0.32 0.06 0.40 0.51 0.33 0.44 0.01 0.00 0.50 0.40 0.11 0.05 0.06 0.09 0.11 0.00 0.00 0.18 0.13 0.32 0.40 0.22 0.27 0.47 0.38 0.18 0.00 0.07 0.08 0.24 0.18 4.66 0.05 0.00 0.06 0.05 0.00 0.02 0.11 0.18 0.23 0.25 0.21 0.03 0.03 0.41 0.02 0.03 0.02 0.00 0.00 0.19 0.12 0.10 0.04 1.73 0.01 9.09 0.16 0.13 0.05 0.02 0.18 0.23 1.26 0.22 0.27 0.01 0.00 0.11 0.14 0.29 0.23 4.73 0.05 0.08 4.58 5.86 0.00 0.00 2.99 3.77 94.52 0.22 0.17 0.13 0.00 3.07 0.17 0.57 0.38 0.00 0.22 0.18 0.10 18.51 0.13 0.00 0.07 0.07 0.10 0.26 0.03 0.05 7.18 0.07

(100s)

High Low

High

Low

Last

12-month Change

0.11 0.11 2.82 2.83 0.00 0.11 unch 0.00 0.14 + 0.68 0.82 + 0.18 0.19 0.13 0.15 0.21 0.22 0.16 0.18 0.19 0.20 unch + 2.73 3.09 0.10 0.10 unch 0.07 0.08 0.61 0.61 + 0.79 0.83 + 0.00 0.16 + 0.17 0.21 + 0.00 0.12 0.09 0.09 0.15 0.15 + 17.04 18.99 12.07 12.29 + 0.00 0.25 + 0.22 0.31 0.06 0.06 0.08 0.08 0.04 0.06 0.00 0.88 0.60 0.63 0.28 0.32 0.38 0.38 0.04 0.04 unch + 2.40 2.80 + 3.07 3.50 0.05 0.05 + 0.35 0.42 + 0.27 0.34 + 0.61 0.66 + 0.77 0.84 0.07 0.08 3.75 3.75 2.99 2.99 0.00 0.32 0.38 0.44 0.13 0.13 3.01 3.18 3.96 4.01 0.11 0.12 0.08 0.09 0.38 0.39 0.03 0.03 unch 0.95 0.98 1.22 1.24 0.15 0.15 unch 0.18 0.18 0.14 0.16 0.11 0.13 0.06 0.08 0.09 0.09 + 0.00 0.20 0.00 0.03 unch 0.04 0.04 unch 0.07 0.07 unch + 0.90 0.96 0.06 0.06 unch + 0.83 0.86 + 1.07 1.10

High Low

0.02 0.23 0.00 0.02 0.07 0.01 0.00 0.01 0.00 0.00 0.23 0.00 0.00 0.07 0.01 0.03 0.05 0.01 0.01 0.02 0.78 0.26 0.05 0.09 0.01 0.01 0.00 0.02 0.01 0.00 0.02 0.00 0.16 0.14 0.02 0.05 0.04 0.06 0.04 0.02 0.29 0.22 0.04 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.00 0.03 0.05 0.00 0.02 0.01 0.00 0.00 0.01 0.15 0.00 0.00 0.00 0.01 0.00 0.02 0.03

0.17 3.07 0.35 0.44 0.94 0.32 0.21 0.50 0.39 0.32 9.85 0.14 0.17 2.00 1.40 0.50 0.38 0.36 0.26 0.30 19.98 15.89 0.27 0.35 0.20 0.28 0.25 1.19 0.89 0.53 0.66 0.07 4.20 5.07 0.60 0.82 0.65 1.70 2.21 0.20 6.53 5.00 0.40 0.51 0.35 3.30 4.17 0.29 0.25 2.53 0.16 1.52 1.79 1.22 0.50 0.36 0.29 0.14 0.18 0.20 0.04 0.06 0.08 0.97 0.38 2.00 2.45

0.05 3.07 0.11 0.13 0.50 0.09 0.06 0.20 0.15 0.17 0.57 0.07 0.01 0.03 0.65 0.00 0.17 0.10 0.09 0.08 3.66 8.30 0.12 0.16 0.06 0.08 0.01 0.11 0.11 0.08 0.11 0.02 0.49 0.67 0.04 0.16 0.12 0.59 0.74 0.07 3.40 2.23 0.12 0.16 0.12 1.71 2.17 0.09 0.07 0.29 0.02 0.21 0.28 0.01 0.15 0.06 0.04 0.03 0.04 0.00 0.02 0.04 0.03 0.19 0.05 0.21 0.29

0.01 0.02 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.04 0.01 0.01 0.01 0.03 0.04 0.02 0.00 0.14 0.00 0.01 0.02 0.00 0.02 0.03 0.01 0.01 0.01 0.00 0.14 0.09 0.00 0.01 0.17 0.02 0.03 0.00 0.00 0.01 0.01 0.01 0.03 0.05 0.06 0.02 0.02 0.34 0.30 0.00 0.00 0.01 0.01 0.02 0.07 0.00 0.01 0.00 0.02 0.03 0.04 0.12 0.19 0.01 0.03 0.00 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.19 0.30 0.15 0.16 0.12 0.00 0.01 0.02 0.01 0.32 0.29 0.01 0.00 0.01 0.01 0.11 0.14 0.00 0.00 0.18 0.27 0.24 0.16 0.01

0.16 0.20 0.16 0.20 0.47 0.12 0.09 0.30 0.23 0.11 0.59 0.75 1.07 0.91 0.21 0.69 2.29 1.81 0.35 0.26 4.69 0.06 0.27 0.35 0.01 1.00 1.25 0.20 0.13 0.16 0.04 2.84 2.23 0.12 0.50 0.41 0.55 0.59 0.40 0.02 0.41 0.09 0.51 0.91 1.17 1.33 0.95 0.80 18.05 10.73 0.13 0.18 0.16 0.11 2.98 2.49 1.10 0.35 0.20 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.58 0.39 0.43 0.57 0.10 0.09 0.20 0.15 0.31 0.27 0.20 1.00 0.25 0.25 0.02 0.05 0.07 0.19 0.16 14.49 18.90 0.48 5.88 4.65 1.81 1.38 0.85 0.74 2.00 1.54 0.12 0.16 1.05 0.87 3.81 4.83 0.10 0.12 1.63 39.21 9.32 7.76 0.35

0.03 0.04 0.03 0.05 0.22 0.04 0.01 0.04 0.03 0.02 0.11 0.14 0.30 0.19 0.06 0.40 0.41 0.30 0.12 0.09 0.56 0.01 0.05 0.06 0.00 0.06 0.09 0.06 0.03 0.05 0.00 1.23 1.29 0.06 0.10 0.06 0.18 0.23 0.12 0.00 0.17 0.00 0.03 0.37 0.47 0.57 0.20 0.06 8.73 7.19 0.05 0.06 0.07 0.06 1.64 1.26 0.45 0.07 0.05 0.10 0.21 0.26 0.07 0.05 0.03 0.04 0.14 0.13 0.10 0.23 0.30 0.04 0.03 0.05 0.03 0.10 0.14 0.10 0.08 0.03 0.17 0.00 0.01 0.03 0.05 0.03 9.01 11.47 0.28 0.95 0.73 0.78 0.61 0.37 0.27 0.13 0.05 0.04 0.05 0.24 0.47 2.50 3.37 0.02 0.02 0.28 23.12 4.00 2.99 0.07

D-F 0.04 0.05 0.05 0.05 0.05 0.05 0.07 0.07 0.32 0.35 0.04 0.05 unch 0.03 0.04 0.04 0.05 unch 0.03 0.03 0.08 0.08 unch 0.17 0.18 0.22 0.23 unch + 0.47 0.57 + 0.37 0.45 0.07 0.07 0.40 0.44 + 1.17 1.29 + 0.92 1.03 + 0.15 0.16 + 0.12 0.12 4.14 4.45 0.03 0.03 unch 0.24 0.24 0.30 0.30 + 0.00 0.00 0.13 0.17 0.20 0.21 0.09 0.09 0.06 0.07 0.08 0.09 + 0.01 0.01 1.66 1.76 1.29 1.41 0.10 0.10 unch 0.20 0.20 0.02 0.02 + 0.18 0.25 + 0.23 0.30 0.24 0.24 unch + 0.00 0.00 0.21 0.23 + 0.00 0.01 0.04 0.06 0.37 0.38 0.47 0.49 0.79 0.84 + 0.69 0.74 + 0.55 0.60 9.74 9.85 7.18 7.19 + 0.05 0.05 0.06 0.06 unch + 0.10 0.11 + 0.08 0.08 2.51 2.62 2.05 2.10 0.00 0.89 unch 0.20 0.21 0.15 0.15 + 0.11 0.12 1.32 1.35 1.67 1.70 0.86 0.95 1.08 1.19 + 0.09 0.11 0.00 0.13 0.15 0.16 unch 0.00 0.30 unch + 0.00 0.23 0.25 0.25 0.31 0.31 0.08 0.09 unch 0.06 0.07 0.00 0.14 unch 0.06 0.10 0.16 0.17 unch 0.20 0.20 0.16 0.16 unch 0.08 0.09 + 0.11 0.11 + 0.20 0.22 0.01 0.01 + 0.03 0.04 0.00 0.04 unch + 0.00 0.07 0.04 0.05 9.01 9.20 11.47 11.55 0.28 0.28 3.06 3.44 2.40 2.73 1.27 1.30 unch 1.00 1.03 + 0.00 0.80 + 0.57 0.63 + 1.36 1.92 + 1.06 1.54 0.04 0.04 0.00 0.06 unch + 0.85 0.90 0.67 0.67 2.69 2.75 3.38 3.47 0.03 0.03 unch 0.06 0.06 unch + 0.95 1.19 27.91 28.30 5.96 6.10 4.69 4.87 0.00 0.21

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

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

V 382 V 694 O 183 T 2328 X 14095 V 611 O 18 V 586 O 119 O 118 T 223 X 8172 T 2734 V 324 O 438 V 516 O 823 T 752 O 227 O 14 V 45 T 718 N 50 O 5 V 245 V 245 O 438 V 531 V 212 O 132 O 925 V 1693 O 6 C 227 V 227 O 63 O 174 T 436 T 4 O 20 O 6 V 161 O 1 V 281 O 89 O 5 C 707 C 84 O 2 V 601 T 271 X 217 O 160 T 551 V 16 O 811 O 1 C 0 O 3978 V 5314 V 43 O 0 V 260 O 94 V 247 O 105 V 693 O 315 C 2996 C 131 O 352 C 318 O 0 V 639 V 1230 O 107 V 508 O 236 V 397 O 216 O 231 V 288 O 12 V 7 O 56 V 98 O 3357 V 3786 C 775 O 52 T 2797 N 20611 T 3239 O 3419 O 381 T 12178 C 37 O 21 V 408 O 399 O 1837 T 4279 V 227 O 110 O 66 V 147 C 120 O 2 V 3327 O 809 O 1 V 838 O 115 V 1790 T 1411 V 51 O 50 T 5741 N 31480 V 51 O 5 O 312 T 890 C 10 O 1272 V 1140 V 423 V 4 C 82 C 95 O 0 V 196 N 2195 T 1575 O 2318 T 1289 O 137 C 520 N 113171 V 114 V 2315 O 196 V 461 V 525 V 1334 O 36 T 223 X 1495 O 386 V 789

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

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

THE NORTHERN MINER / AUGUST 2–15, 2021

Week High

Low

0.26 0.22 0.17 6.84 5.49 0.06 0.05 0.04 0.03 0.74 0.88 6.53 8.20 0.09 0.05 0.14 0.11 0.43 0.33 0.10 0.13 24.83 19.28 0.08 0.10 0.10 2.17 2.77 0.18 0.14 0.31 0.39 0.27 0.35 0.60 0.48 0.30 0.38 0.00 0.05 0.16 0.19 0.08 0.23 0.17 0.08 0.08 0.06 0.03 0.36 2.92 2.32 0.45 0.56 0.09 0.99 6.93 0.00 0.14 0.17 0.15 0.00 0.41 0.32 0.10 0.08 0.13 0.10 0.14 0.59 0.24 0.31 0.00 0.13 8.99 7.25 0.14 0.09 1.18 0.92 0.25 0.32 0.14 0.14 0.55 0.73 0.28 0.34 0.23 0.17 16.56 13.19 0.40 0.34 0.41 25.04 0.07 0.05 0.12 0.10 0.46 0.58 0.05 0.04 0.08 0.10 0.06 0.11 0.08 0.06 0.16 0.17 1.76 2.25 0.90 0.42 19.11 6.13 4.82 0.71 0.60 0.10 0.13 0.16 0.30 0.38 1.19 0.45 0.58 0.48 0.34 0.50 150.90 192.26 0.03 0.71 0.31 0.40 35.26 0.21 0.04 11.01 0.84 0.03 0.22 0.17 1.34 1.06 0.06 0.08

0.22 0.20 0.15 5.55 4.35 0.05 0.05 0.04 0.03 0.65 0.81 6.08 7.77 0.08 0.04 0.12 0.08 0.36 0.28 0.00 0.00 22.26 17.45 0.08 0.00 0.00 1.97 2.47 0.16 0.14 0.23 0.30 0.23 0.26 0.55 0.46 0.00 0.33 0.00 0.00 0.00 0.17 0.08 0.19 0.15 0.06 0.06 0.00 0.00 0.34 2.36 1.83 0.41 0.53 0.09 0.81 0.00 0.00 0.08 0.09 0.15 0.00 0.38 0.29 0.09 0.07 0.12 0.08 0.11 0.45 0.22 0.28 0.00 0.10 7.99 6.43 0.10 0.08 0.99 0.78 0.22 0.27 0.09 0.00 0.53 0.67 0.20 0.26 0.19 0.14 15.72 12.34 0.37 0.29 0.32 22.60 0.06 0.00 0.10 0.07 0.35 0.45 0.05 0.04 0.06 0.08 0.00 0.00 0.07 0.05 0.16 0.15 1.47 1.87 0.62 0.00 18.15 5.42 4.29 0.69 0.54 0.09 0.12 0.00 0.22 0.29 0.99 0.00 0.54 0.44 0.00 0.42 145.83 183.64 0.02 0.64 0.28 0.35 31.36 0.20 0.03 10.20 0.79 0.03 0.18 0.14 1.24 0.97 0.05 0.07

Last

12-month Change

Stock

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

0.25 + 0.20 0.17 6.40 + 5.11 + 0.05 0.05 unch 0.04 unch 0.03 + 0.69 0.87 unch 6.25 7.85 0.08 unch 0.04 unch 0.13 unch 0.11 0.41 + 0.33 + 0.09 0.13 + 23.95 19.11 + 0.08 + 0.09 unch 0.09 unch 2.02 2.53 0.16 0.14 unch 0.31 + 0.39 + 0.27 + 0.35 + 0.59 unch 0.47 + 0.29 + 0.37 + 0.06 unch 0.05 + 0.14 0.19 + 0.08 0.20 0.17 0.07 + 0.07 0.55 unch 0.03 0.35 2.91 + 2.31 + 0.44 0.54 0.09 unch 0.83 6.93 9.50 unch 0.12 + 0.14 + 0.15 0.00 unch 0.40 unch 0.30 0.10 0.08 0.12 0.10 0.12 0.51 + 0.23 0.28 0.07 unch 0.12 + 8.63 6.89 0.14 + 0.09 1.14 + 0.90 + 0.25 + 0.32 + 0.10 0.14 + 0.53 0.67 0.26 + 0.33 + 0.20 + 0.15 + 16.15 12.83 0.38 0.30 0.41 + 24.55 0.06 unch 0.04 0.11 + 0.09 + 0.42 + 0.56 + 0.05 unch 0.04 + 0.06 0.08 0.05 0.06 0.07 0.06 0.16 unch 0.16 unch 1.75 + 2.19 + 0.90 + 0.40 + 18.56 5.48 4.35 0.69 0.55 0.10 0.12 unch 0.15 + 0.30 + 0.37 + 1.09 0.45 0.55 unch 0.46 0.34 0.48 + 147.21 184.85 0.02 0.68 + 0.28 0.37 unch 35.19 + 0.21 unch 0.03 unch 10.30 0.79 0.03 unch 0.22 + 0.17 + 1.26 1.02 0.06 + 0.08 unch

0.02 0.02 0.00 0.52 0.47 0.01 0.00 0.00 0.00 0.00 0.00 0.20 0.29 0.00 0.00 0.00 0.00 0.04 0.03 0.01 0.01 0.05 0.11 0.01 0.00 0.00 0.13 0.19 0.02 0.00 0.03 0.04 0.04 0.07 0.00 0.00 0.02 0.02 0.00 0.00 0.01 0.02 0.00 0.02 0.01 0.00 0.01 0.00 0.35 0.01 0.47 0.39 0.01 0.02 0.00 0.21 0.09 0.00 0.01 0.01 0.01 0.00 0.00 0.02 0.01 0.00 0.02 0.00 0.01 0.04 0.00 0.02 0.00 0.02 1.39 1.01 0.04 0.00 0.04 0.02 0.00 0.01 0.04 0.01 0.06 0.08 0.04 0.05 0.01 0.00 0.20 0.14 0.03 0.02 0.03 0.09 0.00 0.01 0.01 0.01 0.03 0.08 0.00 0.00 0.02 0.01 0.02 0.05 0.01 0.00 0.00 0.00 0.05 0.04 0.25 0.01 0.29 0.61 0.48 0.07 0.01 0.00 0.00 0.03 0.04 0.05 0.06 0.01 0.00 0.04 0.06 0.01 3.25 5.08 0.00 0.02 0.01 0.00 1.99 0.00 0.00 0.78 0.06 0.00 0.03 0.02 0.07 0.04 0.00 0.00

0.44 0.34 0.26 9.75 7.83 0.21 0.11 0.08 0.05 0.90 1.12 13.66 17.99 0.37 0.27 0.33 0.25 0.71 0.55 0.19 0.25 29.76 22.30 0.10 0.13 0.13 2.49 3.14 0.92 0.14 0.30 0.37 0.34 0.48 0.85 0.66 0.49 0.63 0.24 0.16 0.39 0.60 1.02 0.84 0.64 0.90 0.23 1.45 1.09 0.62 6.15 3.90 0.94 1.19 0.20 1.35 8.34 10.50 0.60 0.40 0.20 0.00 0.60 0.72 0.25 0.19 0.17 0.24 0.31 0.88 0.56 0.63 0.11 0.17 11.97 9.85 0.15 0.26 1.75 1.33 0.34 0.40 0.25 0.30 0.97 1.31 0.37 0.46 0.62 0.31 30.75 24.01 0.60 0.47 0.76 35.07 0.18 0.14 0.17 0.13 0.57 0.69 0.07 0.05 0.21 0.27 0.15 0.36 0.28 0.22 0.26 0.48 2.15 2.63 1.12 0.43 20.40 12.61 9.85 1.55 1.20 0.22 0.27 0.38 0.40 0.46 5.17 0.60 0.60 0.73 0.57 0.94 166.11 222.15 0.15 1.95 0.89 0.75 46.10 0.95 0.15 18.11 1.39 0.04 0.65 0.57 7.78 3.94 0.26 0.33

0.07 0.17 0.12 1.91 1.42 0.05 0.04 0.03 0.02 0.27 0.38 6.08 7.77 0.07 0.04 0.10 0.08 0.33 0.26 0.02 0.03 15.98 17.45 0.05 0.07 0.07 0.29 0.43 0.14 0.12 0.10 0.15 0.16 0.23 0.06 0.33 0.20 0.30 0.01 0.00 0.13 0.17 0.01 0.19 0.00 0.00 0.05 0.28 0.18 0.28 2.36 1.83 0.39 0.48 0.08 0.19 3.40 3.90 0.07 0.07 0.14 0.00 0.35 0.16 0.08 0.02 0.06 0.04 0.05 0.45 0.15 0.15 0.04 0.06 1.60 1.00 0.05 0.05 0.95 0.74 0.10 0.12 0.03 0.11 0.44 0.56 0.09 0.12 0.14 0.14 12.48 9.33 0.33 0.25 0.20 11.21 0.05 0.03 0.06 0.04 0.17 0.23 0.02 0.01 0.05 0.07 0.05 0.04 0.02 0.01 0.16 0.12 0.12 0.11 0.12 0.11 10.95 5.42 4.29 0.67 0.10 0.04 0.06 0.11 0.08 0.11 0.99 0.37 0.11 0.06 0.05 0.28 105.62 133.63 0.00 0.52 0.18 0.28 12.44 0.15 0.03 10.20 0.20 0.02 0.11 0.00 1.24 0.97 0.02 0.03

0.38 0.44 + 0.49 0.52 + 0.24 0.25 0.31 0.32 + 0.13 0.14 0.17 0.17 0.59 0.78 + 0.45 0.65 + 1.18 1.18 0.93 0.94 0.07 0.08 + 0.09 0.09 unch 0.02 0.02 0.00 0.12 0.16 0.16 0.55 0.57 0.68 0.70 0.11 0.12 0.15 0.15 0.00 0.31 + 0.34 0.37 + 0.37 0.38 unch 0.29 0.31 + 15.48 16.50 + 12.08 13.05 + 0.40 0.40 0.88 0.89 0.70 0.71 0.34 0.34 0.15 0.18 + 0.00 0.14 + 0.18 0.21 + 0.21 0.21 0.11 0.11 unch 0.26 0.29 +

0.01 0.03 0.00 0.01 0.02 0.04 0.17 0.17 0.11 0.08 0.00 0.00 0.01 0.03 0.07 0.09 0.11 0.02 0.02 0.02 0.01 0.00 0.00 0.32 0.37 0.05 0.22 0.16 0.03 0.02 0.01 0.02 0.01 0.00 0.01

0.64 1.00 0.40 0.52 0.30 0.41 0.94 0.78 2.80 2.12 0.14 0.17 0.03 3.95 0.29 1.57 2.09 0.29 0.36 0.62 0.82 0.86 0.64 31.08 24.00 0.63 1.23 1.02 0.80 0.33 0.25 0.32 0.25 0.11 0.60

0.25 0.35 0.15 0.20 0.13 0.18 0.22 0.16 1.19 0.94 0.05 0.07 0.01 0.09 0.12 0.58 0.73 0.06 0.07 0.20 0.33 0.37 0.29 7.77 5.78 0.16 0.40 0.22 0.29 0.15 0.12 0.16 0.15 0.05 0.17

G-H 503 1311 205 1122 1544 835 80 48 233 3061 90 736 203 174 132 259 657 43 295 143 491 105 21 193 5356 119 7328 975 71 467 71 1002 380 22 384

0.48 0.61 0.26 0.34 0.16 0.21 0.86 0.65 1.29 1.02 0.08 0.10 0.02 0.13 0.18 0.64 0.85 0.14 0.19 0.34 0.44 0.39 0.31 17.57 14.00 0.46 1.17 0.93 0.40 0.19 0.15 0.24 0.22 0.11 0.30

(100s)

High Low

Exc Volume O 86 O 98 C 144 V 56 V 492 O 826 V 32 V 55 O 11 O 102 V 304 O 259 V 187 V 167 O 3 V 1145 O 145 V 1 V 90 V 1841 O 551 O 5 V 129 O 110 O 1550 O 631 T 2123 O 438 V 447 O 33 V 94 O 0 C 1113 O 354 O 1 O 70 T 174 O 41 V 143 O 5960070 C 76 O 30 V 5 T 2655 C 100 O 85 C 582 V 622 O 159 O 10 N 26200 O 105 V 834 C 5 V 1079 O 5 C 157 O 363 V 1347 C 100 O 34 V 26 X 4689 X 1093 X 2899 T 203 C 342 V 24 O 15 O 1 V 4 V 20 V 128 O 40 V 314 O 150 O 1589 C 1118 O 12 V 239 V 1117 O 295 V 0 V 65 O 7 C 143 O 97 C 3082 X 3456 T 208 O 147 V 235 V 538 V 79 V 86 T 188 O 3 X 3938 O 8 V 725 O 667 V 15 O 1 V 156 O 31 O 132 T 316 O 172 T 741 V 122 O 18 V 579 V 201 C 207 O 11 O 625 C 91 O 45 V 221 O 61 V 164 V 31 O 90 O 485 V 1464 V 571 V 2843 O 1695 V 212 O 95 O 31 V 154 O 616 V 1302 T 1150 O 214 V 1113 O 609 V 404 O 365 O 344 V 944 V 219 O 148 O 244 V 2088 C 268 V 191 O 124 V 239 O 1407 T 510 X 6807 V 244 O 234 V 559 O 10 C 87 V 197 V 107 V 78 C 45 O 775 V 100 V 236 O 128 O 5 V 279 V 4 V 626 O 1438 V 747 O 264 V 175 O 1 V 1695 V 21 O 925 V 285 O 0 V 8 O 9 V 194 O 1 V 87 V 219 O 165 V 31

Week High 0.24 0.43 0.55 0.05 0.15 0.12 0.12 0.15 0.11 0.15 0.19 0.30 0.37 0.10 0.08 0.37 0.30 0.00 0.30 0.15 0.12 0.06 0.08 4.38 8.69 2.40 2.86 0.28 0.33 0.16 0.20 1.02 0.10 0.08 0.16 0.91 1.16 0.25 0.32 0.00 0.32 0.32 0.26 2.85 0.20 0.28 0.37 0.38 0.29 0.00 9.53 0.10 0.12 0.50 0.29 0.09 0.15 1.49 1.84 0.13 1.70 2.15 2.13 5.13 0.58 0.72 0.11 0.07 0.06 0.09 0.13 0.02 0.10 0.08 0.16 0.14 0.01 0.17 0.10 0.15 0.07 0.06 0.00 0.34 0.26 0.24 0.19 0.33 0.56 0.72 0.12 0.16 0.28 4.49 0.12 3.00 2.25 2.35 0.35 0.26 0.22 6.77 5.20 0.08 0.05 0.04 0.05 0.39 1.69 0.29 0.22 0.18 0.21 0.04 0.04 0.05 0.15 0.80 0.67 0.78 1.00 0.12 0.09 1.12 1.40 0.27 0.26 0.20 0.20 0.15 0.09 0.12 0.41 0.51 4.91 4.00 0.13 0.11 0.55 0.44 0.18 0.24 1.20 0.94 1.24 1.57 0.67 0.56 11.46 14.32 0.00 0.76 0.61 0.08 0.47 0.15 0.04 0.07 0.07 0.85 0.13 0.19 0.07 0.37 0.15 0.12 0.03 0.05 0.17 0.11 0.30 0.38 0.04 0.25 0.00 0.47 0.11 0.05 0.06 0.00 0.65 0.09 0.13 0.03 0.07 0.30 0.24 0.42

Low

Last

12-month Change

0.20 0.22 0.39 0.41 0.50 0.50 0.05 0.05 unch 0.12 0.15 + 0.10 0.12 + 0.12 0.12 unch 0.13 0.13 0.10 0.10 0.00 0.13 0.16 0.16 0.27 0.27 0.35 0.35 0.09 0.09 0.07 0.07 0.32 0.34 0.25 0.27 0.00 0.25 unch 0.30 0.30 unch 0.12 0.13 0.09 0.10 0.05 0.06 + 0.06 0.07 3.98 4.36 + 7.91 8.67 + 1.81 2.23 + 2.30 2.80 + 0.22 0.23 0.28 0.30 0.15 0.15 0.19 0.19 0.00 1.02 unch 0.09 0.09 0.00 0.07 0.16 0.16 unch 0.82 0.89 + 1.04 1.11 unch 0.20 0.25 + 0.27 0.30 unch 0.00 0.00 + 0.28 0.29 0.25 0.25 unch 0.26 0.26 unch 2.64 2.71 0.18 0.20 unch 0.28 0.28 0.30 0.32 0.26 0.27 0.21 0.23 0.00 8.88 unch 9.01 9.07 0.08 0.08 0.10 0.11 0.50 0.50 0.25 0.26 0.09 0.09 0.12 0.13 + 1.16 1.25 1.46 1.57 0.00 0.12 unch 1.62 1.63 2.05 2.10 + 2.02 2.08 4.90 4.98 0.53 0.54 0.67 0.69 unch 0.10 0.10 unch 0.00 0.07 unch 0.05 0.06 0.00 0.09 0.00 0.13 0.02 0.02 unch 0.09 0.09 0.07 0.08 + 0.15 0.15 0.12 0.12 0.00 0.00 0.12 0.14 + 0.09 0.09 0.12 0.13 + 0.07 0.07 + 0.05 0.06 + 0.00 0.20 unch 0.32 0.32 0.00 0.26 0.22 0.23 0.17 0.18 0.23 0.24 0.50 0.56 + 0.65 0.70 + 0.00 0.12 + 0.00 0.15 0.25 0.25 4.05 4.13 0.11 0.12 unch 2.60 2.60 2.00 2.25 unch 2.05 2.09 0.00 0.35 unch 0.23 0.24 0.18 0.19 0.00 6.77 + 0.00 5.16 0.00 0.07 unch 0.05 0.05 + 0.03 0.04 0.05 0.05 unch 0.36 0.37 1.51 1.60 0.26 0.27 0.20 0.20 0.17 0.18 + 0.19 0.20 0.04 0.04 0.04 0.04 + 0.03 0.04 0.11 0.14 + 0.26 0.51 0.63 0.63 0.72 0.75 + 0.86 0.93 0.11 0.12 + 0.09 0.09 unch 0.73 1.03 + 0.91 1.29 + 0.18 0.26 + 0.20 0.23 + 0.16 0.19 + 0.16 0.18 0.12 0.14 0.09 0.09 0.12 0.12 0.36 0.38 0.46 0.49 4.53 4.55 3.56 3.62 0.11 0.12 0.08 0.09 0.50 0.55 0.39 0.43 0.12 0.16 0.18 0.20 1.00 1.06 0.81 0.85 1.05 1.20 + 1.33 1.50 + 0.62 0.62 0.00 0.51 10.28 11.10 13.13 13.92 0.00 0.00 0.68 0.72 0.54 0.59 0.06 0.08 + 0.41 0.47 + 0.13 0.13 0.04 0.04 unch 0.06 0.06 0.06 0.06 0.50 0.83 + 0.11 0.12 0.18 0.18 0.06 0.06 0.35 0.37 0.13 0.14 0.11 0.11 0.00 0.03 0.04 0.05 unch 0.17 0.17 unch 0.09 0.10 0.24 0.29 + 0.31 0.37 + 0.02 0.04 unch 0.22 0.23 0.00 0.00 unch 0.38 0.46 + 0.11 0.11 unch 0.04 0.04 0.05 0.05 0.00 0.54 unch 0.00 0.65 unch 0.09 0.09 unch 0.11 0.13 unch 0.00 0.03 unch 0.06 0.06 0.25 0.28 unch 0.20 0.22 + 0.38 0.40 -

0.00 0.02 0.04 0.00 0.03 0.02 0.00 0.01 0.03 0.00 0.03 0.02 0.01 0.01 0.01 0.02 0.03 0.00 0.00 0.02 0.01 0.00 0.01 0.15 0.26 0.29 0.36 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.03 0.00 0.01 0.00 0.00 0.12 0.00 0.00 0.21 0.00 0.02 0.05 0.10 0.07 0.00 0.24 0.01 0.02 0.02 0.03 0.02 0.01 0.27 0.31 0.00 0.01 0.05 0.06 0.03 0.02 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.02 0.00 0.01 0.01 0.01 0.00 0.02 0.01 0.02 0.01 0.08 0.03 0.01 0.01 0.01 0.04 0.37 0.00 0.40 0.00 0.26 0.00 0.04 0.01 0.27 0.04 0.00 0.00 0.00 0.00 0.01 0.08 0.02 0.06 0.01 0.01 0.01 0.00 0.00 0.02 0.03 0.04 0.00 0.02 0.01 0.00 0.21 0.30 0.07 0.01 0.01 0.03 0.04 0.00 0.01 0.02 0.02 0.20 0.16 0.02 0.01 0.01 0.01 0.04 0.04 0.06 0.03 0.05 0.03 0.04 0.01 0.11 0.16 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.01 0.01 0.26 0.01 0.01 0.00 0.03 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.03 0.00 0.01 0.00 0.04 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01

High Low 0.47 0.58 0.69 0.11 0.31 0.24 0.15 0.45 0.29 0.22 0.30 1.84 2.44 0.21 0.14 0.87 0.70 0.30 0.46 0.48 0.37 0.09 0.12 4.94 9.48 2.94 3.34 1.52 1.93 0.28 0.35 2.70 0.27 0.21 0.80 1.24 1.49 0.36 0.45 0.00 2.40 1.74 0.37 3.55 0.60 0.33 0.50 0.71 0.56 15.00 14.90 0.23 0.23 0.95 0.76 0.52 0.68 2.65 3.12 0.30 2.02 2.70 5.04 7.08 1.14 1.50 0.35 0.14 0.11 0.11 0.19 0.05 0.16 0.13 0.22 0.20 0.01 0.26 0.14 0.20 0.38 0.32 0.44 0.49 0.35 0.72 0.57 0.70 1.30 1.65 0.25 0.36 0.41 5.44 0.20 6.89 3.49 5.20 5.10 0.65 0.60 8.32 6.43 0.11 1.10 0.07 0.10 0.87 3.85 1.14 0.86 0.20 0.50 0.08 0.05 0.10 0.59 0.85 0.98 1.12 1.80 0.30 0.16 0.97 1.20 0.35 0.39 0.32 0.51 0.39 0.13 0.15 0.74 0.95 8.40 6.61 0.34 0.26 0.78 0.65 0.24 0.29 2.40 1.89 1.51 1.84 2.86 0.88 14.89 19.19 0.02 1.47 1.16 0.17 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.70 0.30 0.40 0.34 0.27 0.07 0.09 0.20 0.18 0.50 0.51 0.11 0.67 0.00 0.74 0.20 0.08 0.10 0.67 0.93 0.16 0.40 0.15 0.16 0.62 0.49 2.94

0.10 0.22 0.30 0.03 0.12 0.10 0.07 0.10 0.12 0.08 0.10 0.16 0.22 0.07 0.05 0.12 0.09 0.10 0.20 0.12 0.09 0.04 0.05 1.97 3.90 0.41 0.56 0.05 0.09 0.11 0.14 0.55 0.08 0.05 0.00 0.36 0.48 0.16 0.20 0.00 0.28 0.18 0.21 1.20 0.08 0.02 0.25 0.22 0.15 8.00 8.11 0.03 0.05 0.30 0.24 0.08 0.12 1.06 0.76 0.11 1.17 1.50 2.02 3.39 0.50 0.63 0.10 0.06 0.04 0.08 0.10 0.02 0.08 0.06 0.15 0.12 0.00 0.10 0.07 0.08 0.07 0.00 0.20 0.26 0.24 0.20 0.15 0.12 0.38 0.51 0.10 0.12 0.12 1.15 0.08 2.60 0.17 2.08 0.00 0.23 0.17 6.30 4.92 0.07 0.03 0.02 0.03 0.20 1.51 0.26 0.00 0.17 0.19 0.03 0.02 0.01 0.11 0.26 0.63 0.72 0.86 0.09 0.09 0.10 0.12 0.05 0.12 0.09 0.16 0.12 0.04 0.05 0.36 0.46 4.55 3.56 0.11 0.08 0.24 0.18 0.08 0.08 0.36 0.26 0.10 0.13 0.30 0.41 10.25 12.80 0.00 0.68 0.54 0.06 0.24 0.07 0.04 0.05 0.03 0.22 0.08 0.17 0.05 0.14 0.10 0.07 0.03 0.04 0.14 0.06 0.15 0.21 0.01 0.21 0.00 0.15 0.10 0.03 0.04 0.45 0.57 0.07 0.09 0.01 0.04 0.25 0.20 0.36

(100s) Stock

Exc Volume

Week High

Low

Last

0.00 0.22 0.27 3.91 0.05 0.04 0.12 0.00 0.00 0.02 0.08 0.26 0.27 6.33 0.77 0.98 1.51 0.24 0.00 0.00 0.04 0.02 1.15 1.40 0.07 0.09 0.36 0.28 0.02 0.03 1.90 0.05 0.07 0.10 7.54 5.90 0.10 0.08 0.05 0.07 0.03 2.46 1.94

0.07 0.25 0.29 3.91 0.06 0.05 0.13 0.18 0.03 0.02 0.08 0.28 0.27 6.53 0.80 1.01 1.67 0.24 0.27 0.03 0.04 0.02 1.21 1.50 0.08 0.09 0.36 0.28 0.03 0.03 2.10 0.06 0.08 0.11 8.42 6.70 0.10 0.08 0.07 0.08 0.03 2.52 2.00

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

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

78 86 242 21117 15731 1655 8 13 398 165 552 367 13 29819 213 134 26 15 26 0 10 17 86 123 530 806 41 41 482 58 142 483 736 6143 6887 10094 2180 106 19 704 10 754 54

0.07 0.25 0.30 4.18 0.08 0.06 0.13 0.18 0.03 0.03 0.09 0.31 0.27 6.83 0.84 1.06 1.67 0.24 0.30 0.00 0.04 0.02 1.25 1.59 0.08 0.11 0.43 0.28 0.03 0.04 2.18 0.06 0.08 0.11 8.57 6.81 0.16 0.12 0.12 0.08 0.03 2.67 2.10

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

V 100 O 44 N 38223 T 7147 O 3 V 193 O 21 C 474 O 370 V 165 C 382 O 40 V 249 V 1142 O 0 T 69 O 40 O 151 V 480 O 49 V 95 O 4289 V 39 O 32 V 2 V 181 O 196 V 551 C 53 O 192 V 41 V 15 V 87 X 300 V 43 O 25 V 6 O 0 O 23 C 533 C 142 O 236 V 4 O 8 C 49 O 140 V 760 V 884 O 773 V 418 O 16 O 367968 X 598 T 18 V 393 O 28 N 394 O 6 T 359 O 95 V 227 V 435 O 214 O 222 V 237 C 137 O 157 V 667 O 1 V 89 O 343 O 497 T 6320 C 5 O 0 V 115 O 6 V 9 T 531 O 234 O 295 V 240 O 2 V 4 O 7 V 666 V 45 O 1 V 51 V 756 O 673 O 9 C 72 T 529 O 61 V 1802 O 20 O 73 V 501 O 26 V 354 O 398 T 3071 O 365 V 41 V 94 O 57 V 184 V 102 T 65 V 34 O 264 O 173657 O 124 V 4467 V 69 V 203 V 96 O 62 V 165 V 23 O 7 O 1 V 148 O 41 V 1015 O 104 V 379 O 4 V 210 V 38 O 4 V 38 O 1 T 13905 N 73841 V 355 V 4 O 2 T 3095 N 6407 V 316

0.03 0.02 2.81 3.57 0.06 0.14 0.11 0.13 0.10 0.03 0.18 0.08 0.10 0.56 16.05 4.52 3.48 0.12 0.16 0.31 0.39 0.01 0.12 0.09 0.08 0.18 0.06 0.08 0.32 0.03 0.13 0.07 3.49 2.78 0.45 0.36 0.17 0.00 0.17 0.22 0.90 0.72 0.00 0.37 0.31 1.75 2.19 0.06 0.05 0.18 0.18 0.01 1.03 1.29 0.29 0.19 31.50 0.53 0.67 0.13 0.16 0.04 0.04 0.46 0.44 1.60 1.28 2.65 1.12 1.60 0.22 7.47 9.23 0.35 0.05 0.08 0.03 0.04 5.19 4.12 0.27 0.34 0.08 0.08 0.06 0.07 0.70 0.50 0.50 0.52 0.43 0.13 0.18 0.88 0.06 0.04 0.26 0.19 0.24 1.21 0.31 0.32 8.98 7.04 0.25 0.05 0.04 0.27 0.85 0.20 0.68 2.97 0.02 0.02 0.03 0.89 0.03 0.17 0.13 0.13 0.20 0.16 0.17 0.24 0.06 0.08 0.36 0.46 0.06 0.07 0.17 0.11 0.17 0.12 7.94 6.24 0.16 0.34 0.35 52.30 41.02 0.20

12-month Change

High Low

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

0.00 0.00 0.01 0.13 0.02 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.16 0.05 0.06 0.01 0.00 0.01 0.00 0.00 0.01 0.13 0.11 0.01 0.01 0.08 0.00 0.00 0.00 0.02 0.00 0.01 0.01 0.21 0.18 0.03 0.03 0.00 0.01 0.00 0.01 0.01

0.15 0.39 0.62 7.61 0.22 0.16 0.20 0.29 0.05 0.04 0.20 0.65 0.27 9.44 1.47 2.25 2.11 0.81 1.11 0.05 0.11 0.03 2.44 3.14 0.12 0.15 0.47 0.37 0.09 0.15 4.35 0.21 0.18 0.20 11.62 9.60 0.38 0.29 0.23 0.20 0.06 3.05 2.65

0.07 0.22 0.27 3.66 0.05 0.04 0.10 0.14 0.02 0.01 0.08 0.26 0.27 4.32 0.10 0.80 0.65 0.24 0.27 0.01 0.04 0.01 0.83 1.07 0.02 0.03 0.10 0.09 0.02 0.01 1.90 0.00 0.04 0.06 4.16 3.10 0.09 0.06 0.01 0.07 0.03 2.26 1.88

0.03 unch 0.02 + 2.47 3.13 0.00 0.14 + 0.11 + 0.11 0.08 0.03 unch 0.16 0.08 0.10 + 0.51 16.05 unch 4.37 + 3.44 + 0.12 + 0.16 0.28 0.35 0.01 + 0.11 0.09 + 0.08 0.13 0.05 + 0.07 unch 0.29 0.02 0.12 + 0.07 unch 3.44 2.73 0.45 + 0.36 0.17 + 0.14 unch 0.14 0.18 0.87 0.69 0.09 unch 0.24 0.30 1.64 + 2.04 + 0.06 unch 0.04 + 0.18 + 0.14 + 0.01 + 1.00 1.25 0.23 0.19 30.50 + 0.52 0.64 0.12 + 0.16 + 0.04 0.02 0.32 + 0.43 + 1.41 1.22 2.51 + 1.12 1.30 0.21 + 7.31 + 9.20 + 0.35 unch 0.05 + 0.06 0.03 unch 0.04 5.03 4.01 0.26 0.31 0.08 unch 0.08 0.06 + 0.07 0.61 + 0.50 0.50 0.51 unch 0.41 unch 0.12 0.17 + 0.82 0.04 0.04 0.26 + 0.17 0.22 1.21 + 0.31 + 0.32 + 8.10 6.45 0.25 0.05 unch 0.04 0.25 0.80 0.18 + 0.55 2.81 0.02 + 0.02 0.03 unch 0.85 + 0.03 0.16 + 0.13 + 0.12 + 0.20 unch 0.16 0.17 0.23 + 0.06 + 0.07 0.35 0.44 0.06 + 0.07 unch 0.16 + 0.11 unch 0.17 + 0.12 unch 7.70 6.12 0.15 + 0.31 0.34 + 50.12 39.88 0.19 -

0.00 0.00 0.32 0.40 0.05 0.01 0.00 0.02 0.02 0.00 0.02 0.00 0.01 0.05 0.00 0.11 0.03 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.05 0.00 0.00 0.02 0.01 0.01 0.00 0.05 0.04 0.03 0.00 0.02 0.00 0.01 0.01 0.03 0.02 0.00 0.01 0.03 0.03 0.06 0.00 0.00 0.04 0.03 0.00 0.04 0.08 0.02 0.02 1.19 0.01 0.03 0.00 0.01 0.01 0.01 0.01 0.04 0.21 0.08 0.37 0.21 0.50 0.01 0.56 0.72 0.00 0.01 0.01 0.00 0.01 0.11 0.07 0.01 0.03 0.00 0.01 0.00 0.01 0.01 0.09 0.06 0.00 0.00 0.03 0.01 0.06 0.01 0.01 0.02 0.01 0.03 0.47 0.03 0.05 0.84 0.61 0.02 0.00 0.01 0.01 0.05 0.01 0.15 0.13 0.00 0.00 0.00 0.05 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.01 0.00 0.01 0.00 0.02 0.00 0.12 0.08 0.02 0.04 0.03 1.35 0.92 0.01

0.06 0.05 5.35 7.07 0.14 0.37 0.30 0.34 0.28 0.05 0.33 0.19 0.25 1.22 21.00 6.25 4.92 0.90 0.24 0.67 0.86 0.05 0.23 0.17 0.13 0.42 0.19 0.23 0.63 0.14 0.25 0.12 5.80 5.50 0.48 0.37 0.26 0.20 0.30 0.35 0.99 0.78 0.12 0.81 1.08 2.52 2.70 0.16 0.13 0.20 0.40 0.01 1.99 2.64 0.33 0.24 39.19 0.71 0.97 0.26 0.33 0.05 0.04 1.40 0.67 4.42 3.36 3.49 1.55 1.90 0.30 8.03 9.74 0.42 0.09 0.12 0.04 0.06 11.30 9.30 0.38 0.47 0.13 0.21 0.09 0.14 1.05 0.83 0.60 0.61 0.51 0.30 0.30 1.05 0.20 0.18 0.32 0.41 0.52 2.25 0.96 0.66 9.36 7.60 0.40 0.09 0.06 0.59 1.95 0.31 1.28 3.88 0.02 0.06 0.08 1.75 0.06 0.47 0.37 0.24 0.60 0.44 0.29 0.48 0.09 0.12 0.50 0.80 0.18 0.24 0.30 0.14 0.24 0.15 13.59 10.32 0.19 0.50 0.39 76.43 57.69 0.39

0.03 0.01 2.38 3.00 0.02 0.09 0.07 0.10 0.08 0.01 0.06 0.07 0.09 0.50 8.64 2.39 1.81 0.08 0.07 0.20 0.33 0.01 0.10 0.07 0.06 0.14 0.04 0.04 0.27 0.00 0.06 0.05 3.25 2.57 0.28 0.25 0.09 0.08 0.07 0.10 0.08 0.05 0.02 0.05 0.06 0.37 0.47 0.04 0.03 0.09 0.07 0.00 0.95 1.21 0.04 0.03 7.94 0.27 0.34 0.08 0.10 0.03 0.02 0.13 0.27 1.40 1.12 0.79 1.07 0.23 0.02 3.04 4.10 0.21 0.03 0.05 0.02 0.03 4.93 1.25 0.22 0.30 0.03 0.05 0.04 0.06 0.09 0.07 0.20 0.17 0.12 0.10 0.13 0.62 0.02 0.02 0.05 0.06 0.11 0.31 0.27 0.21 5.27 3.78 0.18 0.03 0.02 0.24 0.13 0.16 0.32 2.25 0.00 0.00 0.02 0.70 0.02 0.13 0.10 0.03 0.20 0.01 0.15 0.18 0.00 0.03 0.34 0.40 0.05 0.06 0.05 0.02 0.13 0.09 7.54 5.98 0.07 0.11 0.01 40.07 31.72 0.19

I-J-K 0.03 0.02 2.38 3.00 0.00 0.13 0.10 0.10 0.08 0.03 0.15 0.08 0.10 0.50 0.00 4.00 3.17 0.00 0.15 0.27 0.34 0.01 0.11 0.08 0.00 0.13 0.05 0.06 0.29 0.02 0.10 0.07 3.25 2.57 0.40 0.36 0.15 0.00 0.14 0.18 0.82 0.62 0.00 0.00 0.20 1.38 1.79 0.05 0.03 0.14 0.11 0.01 0.98 1.23 0.22 0.00 27.43 0.00 0.64 0.11 0.14 0.03 0.02 0.28 0.37 1.40 1.12 1.95 0.00 0.00 0.19 6.26 8.11 0.35 0.00 0.00 0.03 0.04 4.93 3.87 0.24 0.31 0.08 0.00 0.05 0.07 0.61 0.00 0.00 0.51 0.41 0.00 0.15 0.81 0.04 0.04 0.23 0.16 0.21 0.00 0.27 0.25 7.67 6.08 0.22 0.00 0.00 0.24 0.79 0.17 0.49 2.78 0.01 0.02 0.03 0.71 0.03 0.15 0.12 0.12 0.20 0.15 0.00 0.21 0.05 0.07 0.33 0.42 0.00 0.07 0.15 0.11 0.16 0.12 7.54 5.98 0.14 0.31 0.00 49.78 39.42 0.19

(100s) Stock

Exc Volume

Week High

Low 0.14 0.03 0.05 0.89 0.23 0.31 0.21 0.16 0.04 0.00 0.59 0.57 1.29 1.04 0.02 0.00

Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr Kootenay Silvr* Kootenay Zinc Kootenay Zinc* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

154 1888 1398 75 47 876 973 1122 678 12 210 153 232 209 2175 58

0.16 0.05 0.06 1.20 0.26 0.34 0.24 0.19 0.04 0.03 0.63 0.59 1.50 1.17 0.03 0.02

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

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

1232 3800 351 35 1089 6432 167 77 156 1908 1858 673 469 60 346 83 80 598 30 329 389 10092 304 0 268 203 650 66 7 481 284 1255 13 19 1486 151 257 375 8 2257 12197 339 747 1323 14 14 228 59 1500 10 1 596 2417 18 177 21 0 4 8 1 2174 30 1145 74 203 534 223 84 588 1124 8201 34 255 254 556 742

1.21 1.55 0.21 38.19 48.06 0.33 0.76 0.64 0.72 0.56 0.01 16.03 20.14 0.13 0.17 0.16 0.10 0.56 0.44 0.27 0.21 3.09 0.23 0.00 0.85 0.68 0.00 0.31 0.37 0.45 0.35 1.05 0.56 0.45 0.03 0.17 1.15 0.96 0.11 17.93 14.28 0.32 0.25 0.37 0.13 0.15 0.44 0.11 0.15 0.06 0.09 0.11 0.14 0.57 0.71 1.70 0.00 7.43 0.21 0.15 0.77 0.08 0.11 0.43 0.55 0.76 0.61 0.65 10.56 9.07 11.39 0.05 0.05 0.02 4.80 4.80

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

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

62 165 970 399 32 131 625 19 137 58 188 10 73 104 20 1680 711 78 157 110 122 587 345 84 370 166 28 502 980 215 4 239 421 422 1098 18 353 990 1073 242 1387 376 1 4 32 2 305 976 0 1503 1355 458 530 0 15 538 228 227 17 1146 416 270 681 130 424 706 847 50 11 5 103 243 14 14471 823 182 35 1903 487 720 368 5 22 255 27825 559 1834 1012 184 114

0.45 0.58 0.05 0.04 0.08 0.12 23.75 1.40 1.05 0.83 0.42 0.10 0.17 0.06 0.04 0.06 0.39 0.29 0.24 0.18 0.74 0.30 0.39 0.12 0.15 2.96 2.32 0.24 0.30 0.08 0.08 0.06 0.07 0.21 0.17 0.26 0.33 0.30 0.37 2.54 3.18 0.05 0.05 0.04 0.06 3.34 4.26 0.18 0.00 356.39 0.14 0.12 0.11 0.00 0.06 0.08 0.49 0.57 0.22 0.04 0.02 6.45 5.15 0.21 0.26 0.20 0.09 0.07 0.10 0.80 1.03 0.15 1.13 1.19 1.49 0.08 0.53 2.20 0.24 0.19 1.20 0.97 0.04 0.04 0.00 0.19 0.22 0.32 0.25 0.05

Last

12-month Change

0.14 0.04 + 0.05 unch 1.16 0.26 0.33 0.23 0.18 0.04 unch 0.03 unch 0.60 0.57 1.44 1.17 + 0.02 0.02 +

High Low

0.01 0.00 0.00 0.06 0.03 0.02 0.01 0.01 0.00 0.00 0.03 0.05 0.01 0.01 0.01 0.00

0.29 0.26 0.34 2.51 0.37 0.54 0.54 0.46 3.00 0.22 2.01 4.09 3.13 2.47 0.04 0.03

0.14 0.03 0.05 0.31 0.17 0.20 0.21 0.16 0.04 0.03 0.59 0.10 1.09 0.83 0.01 0.00

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

0.06 0.08 0.02 0.13 0.20 0.04 0.05 0.04 0.00 0.10 0.00 0.89 0.93 0.00 0.01 0.01 0.01 0.03 0.01 0.03 0.01 0.02 0.01 0.00 0.08 0.06 0.00 0.01 0.02 0.01 0.02 0.06 0.04 0.03 0.00 0.01 0.01 0.02 0.00 0.33 0.25 0.00 0.00 0.04 0.00 0.02 0.09 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.29 0.00 0.30 0.02 0.00 0.02 0.01 0.01 0.11 0.11 0.01 0.00 0.01 0.07 0.20 0.25 0.00 0.01 0.00 0.17 0.15

1.50 1.85 0.95 42.40 50.45 0.50 0.76 0.64 0.89 0.60 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.75 0.61 0.45 0.35 7.25 0.42 0.50 1.00 1.47 0.01 0.99 0.65 1.08 0.73 1.82 0.90 1.00 0.20 0.28 2.66 2.00 0.14 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.20 0.28 0.22 0.28 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.23 0.49 0.63 1.19 0.91 1.05 12.93 13.11 16.07 0.07 0.08 0.07 5.31 5.37

0.24 0.30 0.00 18.13 23.47 0.02 0.25 0.26 0.62 0.21 0.00 12.91 8.90 0.10 0.11 0.10 0.08 0.17 0.13 0.13 0.10 0.32 0.17 0.00 0.35 0.44 0.00 0.28 0.21 0.35 0.30 0.93 0.43 0.01 0.02 0.11 1.00 0.80 0.11 7.28 5.42 0.12 0.09 0.14 0.05 0.06 0.17 0.04 0.05 0.04 0.05 0.02 0.04 0.37 0.47 0.65 2.66 2.80 0.09 0.11 0.45 0.04 0.06 0.18 0.28 0.72 0.54 0.57 9.11 5.00 6.68 0.01 0.03 0.00 1.48 1.45

0.43 0.44 + 0.54 0.57 + 0.00 0.05 unch 0.03 0.04 0.08 0.08 unch 0.09 0.12 + 22.20 23.15 0.86 1.29 + 0.94 0.94 0.74 0.74 0.35 0.40 unch 0.10 0.10 unch 0.12 0.13 0.05 0.05 0.04 0.04 unch 0.05 0.06 unch 0.32 0.36 0.27 0.29 0.00 0.18 0.13 0.14 0.67 0.71 + 0.28 0.29 0.35 0.37 0.10 0.10 0.12 0.13 unch 2.43 2.48 1.98 1.98 0.21 0.22 0.26 0.27 0.08 0.08 unch 0.06 0.07 + 0.05 0.05 0.07 0.07 unch 0.16 0.17 unch 0.15 0.17 0.26 0.26 unch 0.29 0.31 0.26 0.28 0.33 0.36 + 2.22 2.44 3.00 3.05 0.04 0.04 0.04 0.04 0.00 0.04 unch 0.06 0.06 unch 0.00 3.33 + 3.54 4.14 + 0.16 0.16 0.00 0.07 unch 335.47 356.23 + 0.11 0.14 unch 0.09 0.11 + 0.10 0.11 0.00 2.75 unch 0.06 0.06 0.08 0.08 0.41 0.42 0.51 0.54 0.21 0.22 + 0.03 0.04 unch 0.00 0.02 + 6.08 6.12 4.75 4.88 0.18 0.19 0.23 0.23 0.16 0.20 + 0.07 0.07 0.05 0.05 0.00 0.08 0.78 0.80 0.94 0.99 0.15 0.15 unch 1.06 1.06 1.11 1.13 1.40 1.41 0.06 0.07 0.00 0.48 1.93 2.08 0.20 0.22 0.16 0.17 1.16 1.20 + 0.00 0.96 + 0.03 0.04 + 0.04 0.04 + 0.00 0.00 + 0.14 0.16 + 0.18 0.21 + 0.29 0.30 0.22 0.24 0.00 0.05 +

0.01 0.03 0.00 0.00 0.00 0.03 0.50 0.21 0.04 0.08 0.00 0.00 0.01 0.01 0.00 0.00 0.02 0.01 0.01 0.02 0.01 0.02 0.03 0.02 0.00 0.53 0.35 0.02 0.03 0.00 0.01 0.02 0.00 0.00 0.01 0.00 0.04 0.01 0.01 0.05 0.08 0.01 0.00 0.00 0.00 0.27 0.26 0.01 0.00 4.74 0.00 0.00 0.01 0.00 0.00 0.02 0.03 0.03 0.02 0.00 0.01 0.37 0.26 0.00 0.02 0.01 0.01 0.01 0.02 0.01 0.05 0.00 0.01 0.04 0.06 0.01 0.01 0.03 0.03 0.02 0.03 0.03 0.01 0.01 0.00 0.00 0.02 0.01 0.01 0.01

0.54 0.70 0.13 0.10 0.14 0.20 31.21 1.66 1.89 1.46 0.65 0.18 0.48 0.11 0.07 0.08 0.76 2.00 1.65 1.27 1.75 0.42 0.54 0.39 0.21 3.68 3.00 0.85 1.11 0.12 0.09 0.10 0.13 0.72 0.22 0.50 0.57 0.42 0.56 3.00 3.61 0.13 0.09 0.08 0.11 4.55 5.85 0.24 0.18 383.71 0.20 0.16 0.25 3.25 0.12 0.25 0.94 1.19 0.27 0.09 0.10 7.78 6.40 0.44 0.57 0.55 0.12 0.09 1.26 1.63 2.15 0.20 1.29 1.71 2.07 0.18 2.00 2.57 0.75 0.59 1.20 0.97 0.08 0.11 0.01 0.26 0.30 1.17 0.90 0.16

0.10 0.19 0.05 0.03 0.06 0.09 17.88 0.75 0.82 0.66 0.35 0.09 0.11 0.04 0.03 0.05 0.13 0.15 0.17 0.14 0.34 0.19 0.25 0.00 0.04 1.17 0.74 0.06 0.08 0.06 0.04 0.03 0.05 0.13 0.08 0.26 0.29 0.10 0.13 0.65 2.04 0.03 0.04 0.03 0.04 1.85 2.48 0.12 0.05 201.04 0.05 0.04 0.06 1.40 0.01 0.03 0.11 0.15 0.13 0.02 0.00 5.47 4.19 0.18 0.22 0.16 0.05 0.04 0.01 0.78 0.94 0.05 0.42 0.90 1.15 0.05 0.40 1.29 0.17 0.13 0.45 0.63 0.03 0.04 0.00 0.07 0.10 0.20 0.17 0.04

L 0.90 1.15 0.18 35.23 44.77 0.26 0.67 0.53 0.67 0.37 0.01 13.31 17.00 0.13 0.16 0.13 0.00 0.52 0.41 0.20 0.15 2.38 0.22 0.00 0.76 0.55 0.00 0.00 0.23 0.40 0.30 0.92 0.50 0.04 0.02 0.16 1.02 0.80 0.11 16.03 12.56 0.28 0.21 0.33 0.10 0.14 0.33 0.10 0.00 0.04 0.09 0.07 0.09 0.53 0.67 1.39 0.00 0.00 0.20 0.14 0.68 0.05 0.10 0.33 0.41 0.73 0.56 0.60 9.79 8.13 10.51 0.03 0.00 0.01 4.22 4.25

0.97 1.22 0.19 38.19 47.93 0.31 0.70 0.56 0.71 0.52 0.01 15.39 19.26 0.13 0.16 0.13 0.10 0.56 0.43 0.26 0.20 2.74 0.23 0.01 0.82 0.64 0.00 0.30 0.23 0.43 0.34 0.98 0.51 0.43 0.02 0.16 1.07 0.86 0.11 16.36 13.01 0.30 0.23 0.33 0.10 0.14 0.35 0.10 0.13 0.05 0.09 0.10 0.12 0.54 0.67 1.70 6.89 7.40 0.20 0.14 0.71 0.08 0.10 0.43 0.55 0.76 0.60 0.65 10.22 9.01 11.32 0.04 0.05 0.01 4.71 4.74

WWW.NORTHERNMINER.COM

AUGUST 2–15, 2021 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.05 0.06 + 0.35 0.39 + 0.28 0.28 0.00 5.00 unch 0.37 0.38 0.46 0.49 0.00 0.12 unch 0.00 0.13 unch 0.03 0.03 unch 0.05 0.05 unch 0.05 0.05 0.04 0.04 0.41 0.43 0.32 0.34 0.00 0.23 + 0.26 0.30 + 0.02 0.02 unch 0.41 0.43 0.00 0.10 + 0.00 0.18 unch 2.80 2.80 unch 2.07 2.07 unch 0.10 0.11 0.12 0.14 0.16 0.18 + 0.31 0.33 0.09 0.09 0.06 0.06 0.04 0.04 0.40 0.40 0.12 0.12 unch 0.65 0.73 + 0.39 0.41 + 0.23 0.26 0.29 0.30 2.69 2.77 + 3.44 3.49 + 0.44 0.47 0.02 0.02 + 0.05 0.06 + 0.07 0.07 unch 0.07 0.07 unch 0.28 0.30 0.22 0.24 0.45 0.45 unch 0.35 0.37 0.45 0.48 0.57 0.60 0.08 0.10 + 0.07 0.08 + 0.23 0.25 unch 0.14 0.15 0.17 0.18 40.00 44.65 + 0.00 0.00 + 0.06 0.08 + 0.09 0.10 + 0.04 0.04 unch 0.05 0.05 unch 0.00 0.00 unch 0.00 0.20 + 0.07 0.07 unch 0.39 0.43 + 0.08 0.08 0.36 0.41 unch 0.10 0.12 + 0.00 0.13 unch 0.05 0.06 + 0.06 0.08 + 0.67 0.68 0.85 0.86 unch 0.34 0.38 + 0.27 0.30 + 0.00 0.13 0.10 0.10 + 0.72 0.75 0.58 0.60 0.04 0.04 unch 0.00 0.01 unch 0.01 0.01 unch 0.07 0.09 + 0.09 0.10 unch 0.12 0.14 unch 0.10 0.10 0.28 0.28 0.19 0.19 unch 0.14 0.16 + 28.26 29.85 + 0.09 0.10 unch 0.18 0.21 + 0.00 0.17 + 0.35 0.37 + 0.45 0.47 unch 0.33 0.35 0.14 0.15 0.19 0.20 0.06 0.06 unch 0.07 0.07 0.09 0.09 0.07 0.08 -

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

C 800 V 41 O 11 O 0 O 87 V 626 O 0 C 33 O 10 V 69 V 100 O 48 V 414 O 526 O 12 C 994 O 10 V 80 V 161 C 1 V 1 O 1 O 267 V 1455 O 185 V 197 O 99 C 737 O 209 C 75 V 300 V 111 C 310 O 359 V 198 O 194 V 1125 V 398 V 748 O 319 V 388 V 6 V 977 O 573 T 102 O 100 O 887 V 756 C 703 O 68 V 18 O 30 V 380 O 13 O 387000 O 505 V 3242 O 4 V 30 O 917410 V 49 V 149 V 176 C 8825 V 79 O 20 V 109 O 122 V 701 O 238 T 292 T 1057 O 947 V 11 O 2 V 115 O 21 C 55 O 0 C 6177 O 81 V 312 V 616 O 49 V 59 V 247 O 85 N 16295 C 197 V 391 O 44 O 12 T 365 C 281 O 150 V 139 O 25 V 165 C 562 O 85

0.07 0.40 0.32 0.00 0.40 0.50 0.00 0.13 0.03 0.06 0.06 0.05 0.46 0.36 0.25 0.32 0.02 0.44 0.10 0.18 2.80 2.07 0.12 0.15 0.18 0.35 0.09 0.07 0.05 0.45 0.12 0.74 0.45 0.26 0.32 2.81 3.53 0.52 0.02 0.06 0.08 0.07 0.32 0.26 0.49 0.38 0.50 0.62 0.11 0.08 0.25 0.20 0.20 44.65 0.00 0.08 0.11 0.04 0.05 0.00 0.21 0.07 0.44 0.23 0.41 0.12 0.13 0.06 0.08 0.73 0.92 0.39 0.31 0.13 0.10 0.81 0.65 0.04 0.00 0.01 0.10 0.14 0.14 0.11 0.29 0.20 0.16 30.69 0.10 0.22 0.17 0.38 0.48 0.37 0.16 0.22 0.06 0.07 0.10 0.09

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

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

0.01 25.44 0.33 0.27 21.00 0.01 1.25 1.08 1.02 3.14 0.42 0.67 0.53 0.80 0.19 0.16 0.20 0.44 0.53 0.26 0.07 0.06 0.10 0.32 0.39 0.11 0.14 0.07 0.09 0.05 0.06 0.09 0.10 10.88 2.10 1.68 0.00 0.33 2.05 5.01 3.96 0.13 0.10 0.32 0.19 0.00 0.07 2.55 0.69 0.55 24.75 19.86 0.57 61.88 78.87 0.00 0.16 0.45 0.03 0.14 0.17 10.05 8.13 5.04 4.00 2.54 0.05 0.04 0.65 0.47 1.05 0.86 0.07 0.09 0.04 0.09 0.07

Last

12-month

High

Change

High Low

0.01 0.02 0.05 0.00 0.03 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.03 0.01 0.00 0.02 0.00 0.01 0.02 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.06 0.00 0.05 0.01 0.00 0.02 0.08 0.05 0.02 0.01 0.00 0.00 0.00 0.04 0.01 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.02 0.02 4.65 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.26 0.00 0.03 0.02 0.00 0.00 0.02 0.01 0.01 0.00 0.01 0.01 0.00

0.21 0.05 1.24 0.35 1.00 0.29 0.67 0.79 0.12 0.20 0.08 0.11 0.13 0.10 1.30 0.94 0.45 0.57 0.04 0.64 0.20 0.30 3.50 2.62 0.20 0.21 0.27 0.59 0.15 0.15 0.11 0.48 0.15 1.10 0.71 0.40 0.42 4.16 5.25 0.74 0.04 0.23 0.30 0.20 0.85 0.67 0.79 0.59 0.63 0.78 0.25 0.18 0.30 0.27 0.34 44.65 0.00 0.08 0.18 5.00 0.10 0.00 0.60 0.10 0.69 0.41 0.59 0.12 0.16 0.20 0.30 0.90 1.31 0.48 0.38 0.45 0.37 1.27 0.85 0.04 0.01 0.10 0.86 0.95 0.21 0.16 0.65 0.25 0.21 38.23 0.19 0.69 0.52 0.64 0.82 1.35 0.27 0.35 0.09 0.11 0.26 0.18

0.14 0.11 0.00 0.05 0.02 0.03 0.03 0.02 0.41 0.32 0.09 0.12 0.01 0.23 0.08 0.08 2.20 1.79 0.03 0.05 0.05 0.18 0.06 0.05 0.04 0.18 0.07 0.65 0.12 0.00 0.15 0.84 1.20 0.46 0.01 0.05 0.07 0.04 0.28 0.22 0.41 0.32 0.38 0.48 0.08 0.06 0.13 0.13 0.17 17.05 0.00 0.04 0.05 0.01 0.04 0.00 0.19 0.06 0.36 0.08 0.08 0.06 0.09 0.04 0.06 0.59 0.59 0.12 0.09 0.10 0.09 0.65 0.54 0.01 0.01 0.01 0.06 0.06 0.07 0.00 0.29 0.13 0.10 13.07 0.05 0.16 0.13 0.21 0.28 0.33 0.11 0.15 0.03 0.06 0.06 0.00

0.00 0.04 0.02 0.02 0.45 0.00 0.02 0.09 0.09 0.03 0.01 0.11 0.06 0.18 0.00 0.02 0.01 0.01 0.03 0.01 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.13 0.10 0.00 0.01 0.03 0.74 0.55 0.01 0.01 0.00 0.00 0.00 0.00 0.16 0.02 0.02 1.00 0.22 0.02 1.62 2.28 0.00 0.02 0.00 0.00 0.00 0.01 0.15 0.16 0.19 0.18 0.03 0.01 0.00 0.02 0.03 0.06 0.06 0.00 0.01 0.00 0.01 0.00

0.03 30.71 0.43 0.40 21.90 0.04 5.00 1.21 1.31 3.88 0.61 2.05 1.62 4.00 0.32 0.19 0.25 1.50 0.84 0.53 0.31 0.25 0.18 0.40 0.41 0.19 0.24 0.09 0.11 0.08 0.11 0.17 0.12 13.50 3.05 2.40 0.01 0.60 3.59 9.02 5.84 0.95 0.80 0.62 0.28 0.10 0.15 4.07 0.92 0.70 31.25 26.42 0.61 75.31 95.65 0.29 0.40 0.60 0.08 0.31 0.43 14.92 12.58 6.08 5.04 5.30 0.14 0.12 0.97 0.71 1.11 2.00 0.24 0.33 0.10 1.18 0.93

0.00 17.95 0.18 0.14 9.56 0.00 1.05 0.00 0.08 0.54 0.05 0.21 0.16 0.11 0.06 0.09 0.12 0.23 0.32 0.22 0.05 0.04 0.05 0.21 0.34 0.04 0.06 0.03 0.04 0.00 0.04 0.01 0.04 1.24 1.86 1.40 0.00 0.22 1.74 4.45 3.51 0.11 0.05 0.04 0.17 0.02 0.05 1.04 0.56 0.45 22.40 17.81 0.09 54.18 68.76 0.09 0.12 0.34 0.00 0.08 0.10 6.78 5.13 2.12 1.58 0.30 0.05 0.04 0.42 0.29 0.17 0.13 0.06 0.08 0.02 0.06 0.05

N-O 9364 52 543 897 67 2600 3 418 7923 1430 217 182 98 27 7169 460 1205 446 546 389 667 379 379 50 251 1331 1656 380 738 82 51 1 7 1269 5223 20102 6462 318 46 321 834 691 143 25 47 0 210 28 1517 38 2 3 4238 31914 1005 0 101 344 3756 88 362 2 300 7785 11955 402 2043 272 85 2 507 430 989 778 155 1254 598

0.01 23.30 0.26 0.18 19.49 0.00 0.00 0.58 0.76 2.79 0.36 0.59 0.47 0.32 0.17 0.13 0.17 0.34 0.45 0.22 0.05 0.04 0.08 0.32 0.35 0.08 0.10 0.05 0.07 0.05 0.06 0.09 0.10 8.51 1.93 1.53 0.00 0.30 1.92 4.28 3.42 0.11 0.00 0.32 0.00 0.00 0.07 2.04 0.56 0.45 0.00 0.00 0.44 59.03 74.28 0.00 0.14 0.43 0.02 0.12 0.15 0.00 7.32 4.44 3.47 2.16 0.05 0.04 0.00 0.47 0.95 0.75 0.06 0.08 0.04 0.08 0.06

0.01 24.55 0.32 0.25 20.98 0.00 1.18 0.70 0.87 3.06 0.41 0.61 0.47 0.71 0.19 0.15 0.19 0.39 0.50 0.25 0.07 0.05 0.09 0.32 0.38 0.09 0.12 0.06 0.07 0.05 0.06 0.09 0.10 10.02 1.93 1.53 0.00 0.31 1.97 4.28 3.42 0.12 0.10 0.32 0.18 0.05 0.07 2.43 0.61 0.50 24.15 19.86 0.50 60.11 75.57 0.11 0.16 0.45 0.03 0.13 0.17 10.05 7.78 4.87 3.87 2.41 0.05 0.04 0.60 0.47 0.99 0.80 0.07 0.09 0.04 0.08 0.06

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

(100s) Stock

Exc Volume

(100s) Stock

Week

12-month

High

Low

Last

0.09 0.13 0.73 0.90 0.57 0.00 1.25 0.96 0.02 0.01 0.32 0.02 0.12 0.09 0.38 0.48 0.00 33.23 0.25 0.32 0.07 0.00 0.33 0.41 0.52 0.02 0.02 0.24 0.18 0.06 0.07 0.00 0.48 0.36 0.00 0.04 0.03 0.02 0.18 0.23 0.25 0.19 0.50 0.65 0.10 0.06 0.04 7.59 5.97 9.54 7.53 1.90 0.00 0.05 0.42 0.31 0.40 0.17 0.05 1.00 0.79 0.20 0.28 0.00 0.17 0.09 0.49 0.39 0.00 0.36 0.01 0.02 0.08 0.11 57.08 72.90 0.14 0.19 0.04 0.23 2.12 1.83 2.22 0.17 0.14 0.48 0.38 0.04 0.04 0.05 0.14 0.16 0.12 0.06 0.05 0.29 0.00 0.16 0.12 0.36 0.50 0.21 0.00 0.04 0.00 0.45 0.35 0.09 0.07 0.06 0.06 0.09 0.12 1.03 1.32 0.19 0.00 0.00 0.26 0.22 0.00 4.27 2.91 2.30 6.17 0.29 0.00 0.00 0.38 0.31 0.87 1.12 4.82 12.74 16.19 0.34 0.43 3.00 0.06 0.08 0.24 0.30 0.15 0.20 0.00

0.10 0.13 0.75 0.94 0.60 0.12 1.29 1.03 unch 0.02 unch 0.02 + 0.35 + 0.02 unch 0.12 0.09 0.41 0.51 0.03 + 33.78 0.26 + 0.33 + 0.07 0.08 + 0.33 0.42 0.53 0.02 0.02 unch 0.24 0.18 0.07 unch 0.09 + 0.00 unch 0.50 0.40 0.05 0.05 0.03 0.02 unch 0.19 0.24 unch 0.26 unch 0.20 0.59 + 0.77 + 0.11 0.06 0.05 8.95 + 7.09 + 9.61 7.66 1.97 0.00 0.05 unch 0.43 0.34 0.40 unch 0.23 0.05 + 1.02 0.80 0.23 0.29 0.26 unch 0.17 unch 0.12 + 0.54 + 0.42 0.00 unch 0.36 0.01 0.02 unch 0.09 0.12 59.13 74.28 0.15 0.20 0.10 unch 0.23 2.13 1.83 unch 2.26 0.20 + 0.14 0.53 + 0.43 + 0.04 unch 0.04 0.05 0.14 unch 0.20 + 0.16 + 0.07 + 0.06 + 0.29 0.37 0.20 + 0.17 + 0.36 unch 0.52 unch 0.21 0.03 + 0.04 unch 0.00 0.54 + 0.42 + 0.11 + 0.09 + 0.06 unch 0.06 0.10 0.12 1.15 + 1.45 + 0.19 0.19 0.17 0.28 0.22 0.16 4.50 + 3.02 2.36 7.09 + 0.29 0.23 + 0.18 0.39 0.31 0.90 1.18 5.06 13.00 16.35 0.34 0.44 unch 3.00 0.06 0.09 0.24 0.31 0.18 0.22 16.41 unch

0.01 0.01 0.06 0.10 0.03 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.02 0.04 0.00 0.22 0.00 0.01 0.01 0.01 0.02 0.02 0.03 0.00 0.00 0.02 0.02 0.00 0.01 0.00 0.11 0.07 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.05 0.10 0.01 0.01 0.00 0.39 0.42 0.44 0.30 0.04 0.00 0.00 0.02 0.01 0.00 0.02 0.01 0.05 0.04 0.01 0.02 0.00 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.24 0.63 0.00 0.01 0.00 0.03 0.05 0.00 0.06 0.03 0.01 0.02 0.01 0.00 0.01 0.01 0.00 0.03 0.02 0.01 0.01 0.05 0.09 0.03 0.03 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.00 0.02 0.02 0.00 0.01 0.00 0.01 0.03 0.04 0.03 0.06 0.00 0.04 0.03 0.08 0.01 0.02 0.04 0.37 0.05 0.01 0.01 0.05 0.06 0.01 0.02 0.09 0.22 0.32 0.00 0.00 0.14 0.02 0.01 0.06 0.05 0.01 0.02 0.00

0.20 0.25 2.20 2.90 1.19 0.28 2.08 1.65 0.09 0.06 0.77 0.03 0.21 0.17 0.99 1.25 0.15 38.21 0.30 0.38 0.21 0.17 0.76 2.21 2.79 0.12 0.05 0.39 0.33 0.10 0.15 0.00 1.03 0.83 0.10 0.11 0.07 0.04 0.40 0.42 0.45 0.36 0.91 1.06 0.23 0.12 0.09 27.40 17.24 16.16 12.10 4.00 0.04 0.13 0.70 0.55 0.69 0.35 0.18 1.55 1.26 0.57 0.72 0.69 0.37 0.46 3.28 2.49 0.05 0.69 0.05 0.05 0.19 0.24 65.93 79.67 0.38 0.48 0.17 0.38 3.68 2.86 4.01 0.32 0.25 0.79 0.67 0.07 0.11 0.11 0.30 0.70 0.55 0.16 0.13 0.54 0.65 0.31 0.24 0.36 0.60 0.35 0.08 0.12 0.03 0.93 0.75 0.23 0.19 0.26 0.25 0.24 0.31 1.39 1.70 0.24 0.35 0.28 0.55 0.25 0.25 7.51 3.66 3.02 7.04 0.70 0.45 0.33 0.54 0.39 1.50 1.65 10.10 15.12 18.40 0.42 0.52 4.85 0.09 0.10 1.22 1.55 0.40 0.88 21.04

0.07 0.10 0.77 0.95 0.51 0.12 0.69 0.53 0.02 0.01 0.31 0.01 0.06 0.04 0.09 0.12 0.00 23.23 0.11 0.15 0.04 0.05 0.15 0.39 0.47 0.01 0.02 0.08 0.05 0.03 0.05 0.00 0.48 0.16 0.03 0.04 0.03 0.01 0.00 0.08 0.21 0.17 0.40 0.47 0.10 0.06 0.04 1.80 5.97 9.55 7.53 1.91 0.00 0.02 0.17 0.13 0.30 0.03 0.03 0.46 0.36 0.20 0.28 0.18 0.16 0.03 0.39 0.31 0.00 0.29 0.00 0.01 0.08 0.11 32.18 43.15 0.13 0.17 0.02 0.18 2.05 0.00 1.58 0.15 0.11 0.35 0.28 0.04 0.03 0.03 0.14 0.15 0.12 0.06 0.05 0.09 0.10 0.14 0.11 0.28 0.33 0.12 0.02 0.03 0.00 0.39 0.29 0.08 0.06 0.06 0.05 0.09 0.12 0.61 0.81 0.09 0.04 0.05 0.12 0.22 0.06 3.84 0.64 0.48 2.28 0.06 0.20 0.16 0.22 0.17 0.81 1.01 0.33 9.77 12.39 0.27 0.35 2.68 0.03 0.04 0.25 0.11 0.15 0.20 9.67

0.00 0.32 + 0.38 0.40 unch 0.20 0.20 unch 0.00 0.12 0.09 0.09 unch 2.25 2.48 + 1.83 1.83 unch 0.04 0.04 unch 0.17 0.22 0.14 0.17 + 0.00 0.00 unch 0.05 0.05 unch 0.05 0.06 0.00 0.03 unch 0.63 0.66 0.29 0.33 0.31 0.31 0.00 0.27 + 0.04 0.04 0.01 0.03 0.21 0.21 0.16 0.17 0.36 0.36 + 0.41 0.44 32.94 33.77 25.86 26.85 0.52 0.56 0.67 0.70 + 0.12 0.13 + 0.16 0.17 unch 0.00 0.00 + 0.00 0.03 unch

0.02 0.00 0.00 0.05 0.00 0.17 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.02 0.01 0.01 0.00 0.03 0.02 0.00 0.04 0.44 0.26 0.00 0.01 0.01 0.00 0.00 0.00

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

0.23 0.30 0.15 0.09 0.08 1.33 1.04 0.02 0.05 0.04 0.00 0.04 0.05 0.02 0.61 0.08 0.16 0.13 0.04 0.00 0.09 0.06 0.28 0.33 32.94 25.86 0.00 0.23 0.05 0.08 0.00 0.02

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

O 107 V 219 O 130 T 465 V 291 V 15 T 397 O 506 V 96 O 30 V 573 V 204 V 799 O 16 O 78 V 167 O 28 O 235 O 119 V 1020 V 233 V 222 V 199 O 224 C 321 O 1 V 625 V 542 O 19 O 10 V 506 O 280394 V 59 O 93 T 352 C 636 O 229 V 530 O 44 V 234 C 84 O 29 O 44 V 714 V 540 T 1849 O 541 V 456 N 956 T 511 X 3342 T 793 O 93 O 100 V 218 O 173 V 21 O 32 V 491 V 124 O 173 O 495 V 759 V 2 C 459 C 79 T 892 X 26743 O 21 V 50 O 1216 C 2446 O 1572 V 2115 N 7628 T 5151 O 270 V 358 O 9 V 130 V 47 O 2 T 8700 V 47 O 6 V 442 O 306 V 5 O 50 V 895 V 239 V 200 O 311 C 1719 O 77 O 8 V 148 V 351 O 130 O 1 V 87 V 106 O 0 V 1065 O 94 V 1538 O 482 T 9846 O 1080 V 1307 V 645 O 90 V 265 O 949 V 1442 V 149 V 259 O 0 C 137 O 60 O 44 T 914 V 348 O 265 T 283 T 101 V 31 O 26 T 358 O 46 O 212 V 298 O 44 N 2669 T 1343 O 26 V 326 T 1411 O 23 V 63 O 27 C 780 O 710 V 713 O 0

0.11 0.14 0.80 1.02 0.65 0.14 1.33 1.11 0.03 0.02 0.41 0.02 0.13 0.11 0.41 0.53 0.04 34.02 0.26 0.33 0.08 0.08 0.38 0.46 0.58 0.02 0.02 0.27 0.21 0.07 0.09 0.00 0.61 0.54 0.05 0.05 0.04 0.02 0.22 0.29 0.27 0.21 0.60 0.78 0.12 0.07 0.06 9.29 7.40 10.03 7.88 2.05 0.01 0.05 0.46 0.36 0.40 0.28 0.05 1.08 0.87 0.25 0.30 0.26 0.17 0.12 0.59 0.47 0.00 0.38 0.02 0.02 0.10 0.12 59.95 75.59 0.16 0.20 0.10 0.24 2.22 1.83 2.51 0.20 0.15 0.55 0.44 0.04 0.04 0.06 0.15 0.22 0.18 0.07 0.06 0.33 0.44 0.20 0.17 0.36 0.54 0.24 0.03 0.04 0.00 0.55 0.44 0.13 0.10 0.07 0.07 0.11 0.14 1.26 1.53 0.21 0.22 0.17 0.31 0.25 0.17 4.77 3.12 2.50 7.16 0.31 0.25 0.20 0.46 0.34 1.02 1.30 5.20 13.28 16.76 0.34 0.45 3.13 0.07 0.09 0.30 0.37 0.19 0.23 0.00

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

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

0.33 0.42 0.20 0.12 0.09 2.48 2.03 0.04 0.26 0.21 0.00 0.05 0.06 0.03 0.69 0.39 0.34 0.27 0.05 0.04 0.23 0.19 0.38 0.49 34.24 27.22 0.57 0.70 0.13 0.17 0.00 0.03

Change

High Low

P-Q 11 713 3 3 2 10 3 75 343 242 1 2 863 99 111 8422 57 24 1010 226 1600 372 10 406 1588 10927 225 262 54 327 53 6

Exc Volume

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

Week Last

12-month

High

Low

Change

938 333 8 0 861 146 425 3208 278 436 647 140 178 43248 20 390 8 45 191 12 0 235 480 103 260 230 11 61 250 112 95 91 425 377 11 2 524 220 274 825 131 4 259 22 13 1515 369 2454 284 101 99 675 22 0 239 231 2 186 344 247 45 425 466 6099 1461 325 0 50 2763 118 114 165 357 398 1 285 163 9 147 5 243 0 2860 247 361 14 58 3943 15 620 25 200 172 1885 2518 2176 5 55 884 1132 57 107 248 61 465 419 343 62 155 45 0 243 508 560 9 578 64

0.12 0.09 0.19 0.00 0.20 0.30 0.96 0.17 0.03 0.88 1.10 0.15 0.12 11.46 0.03 0.05 0.09 0.13 0.10 0.09 0.00 8.38 6.58 1.46 0.05 0.05 0.10 0.13 0.03 0.08 0.10 0.70 0.75 0.60 0.10 0.79 0.31 0.34 0.33 0.41 0.25 95.50 0.18 0.04 0.00 0.06 4.07 3.22 0.04 0.18 0.15 3.59 4.36 0.00 0.09 0.07 0.06 0.09 0.16 0.21 0.50 0.09 0.07 9.32 11.87 0.08 0.06 3.22 4.12 0.10 0.30 0.07 1.40 1.75 0.25 0.35 0.30 3.65 0.28 0.50 1.89 0.29 0.16 0.08 0.07 0.21 0.17 0.02 0.24 0.35 0.02 1.04 1.30 1.01 1.28 0.11 0.15 0.19 0.18 0.14 0.18 0.23 0.14 0.11 0.28 0.36 0.10 0.08 3.94 0.22 0.00 0.25 0.20 0.13 0.08 0.02 0.86

0.11 0.12 0.09 0.09 0.18 0.18 0.00 0.05 unch 0.18 0.18 0.29 0.29 0.87 0.90 + 0.11 0.14 + 0.00 0.03 unch 0.06 0.88 0.08 1.00 0.00 0.14 0.10 0.11 + 8.02 10.93 + 0.03 0.03 unch 0.04 0.05 + 0.09 0.09 0.12 0.13 unch 0.09 0.10 0.07 0.08 0.00 0.21 unch 7.13 7.25 5.66 5.80 1.35 1.45 + 0.00 0.05 unch 0.02 0.04 + 0.00 0.10 + 0.12 0.12 0.03 0.03 unch 0.07 0.07 + 0.08 0.09 0.68 0.69 unch 0.56 0.75 + 0.44 0.58 + 0.10 0.10 unch 0.71 0.79 + 0.25 0.31 + 0.27 0.29 0.27 0.33 + 0.33 0.41 + 0.20 0.20 0.00 95.00 0.17 0.18 0.04 0.04 unch 0.00 0.04 unch 0.05 0.05 + 3.56 3.63 2.78 2.91 0.04 0.04 unch 0.17 0.18 + 0.08 0.14 3.13 3.28 3.99 4.09 0.00 0.00 unch 0.09 0.09 unch 0.07 0.07 0.00 0.05 0.00 0.08 unch 0.14 0.15 0.18 0.19 0.00 0.01 0.00 0.08 0.06 0.07 + 8.80 8.97 11.16 11.28 0.07 0.07 0.00 0.06 unch 2.81 3.11 3.48 3.93 0.09 0.10 + 0.00 0.28 + 0.07 0.07 1.25 1.40 + 1.56 1.75 + 0.00 0.25 0.30 0.35 0.29 0.29 0.00 2.50 0.24 0.25 0.50 0.50 + 1.55 1.66 0.29 0.29 unch 0.12 0.15 + 0.07 0.07 0.00 0.06 0.00 0.20 0.15 0.15 0.01 0.02 + 0.00 0.24 0.31 0.32 0.02 0.02 0.94 0.98 1.18 1.23 0.84 0.89 1.07 1.11 0.09 0.11 + 0.13 0.13 0.17 0.17 + 0.17 0.17 0.13 0.14 0.16 0.17 0.21 0.22 unch 0.00 0.14 unch 0.11 0.11 0.24 0.25 0.30 0.30 0.09 0.09 0.08 0.08 + 3.43 3.58 + 0.00 0.22 + 0.00 0.18 unch 0.22 0.25 + 0.18 0.20 + 0.10 0.12 unch 0.00 0.06 0.01 0.01 0.80 0.80 -

465 290 352 422 211 173 1 0 280 665 3 399 2 120 1245 1289 436 338 2 30 460 529 4 918 646 283 268 41 601 357 140 5 218 93 1539 711 163 8 290 214 2 9841 1 3545 2351 95 38 558 367 24 45 185 2 297 5 79 136 979 200 56 1162 195 214 65 39 9 25 1597

0.26 0.31 0.10 0.29 3.00 0.16 0.10 0.33 1.87 0.04 0.16 0.21 0.11 0.16 0.00 0.97 0.52 0.76 0.25 0.08 0.09 0.06 0.00 0.05 0.07 0.51 0.64 0.16 0.63 0.75 1.30 0.03 0.05 0.65 0.06 0.07 0.53 0.42 0.06 0.05 82.00 83.39 92.06 0.76 0.60 0.54 0.67 0.14 0.17 0.14 0.18 0.40 0.05 0.05 4.06 5.15 0.06 0.08 0.03 0.10 0.12 0.24 0.12 0.16 0.12 0.06 0.10 0.90

Stock

0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.02 0.00 0.01 0.12 0.03 0.00 2.22 0.00 0.01 0.01 0.00 0.01 0.00 0.00 1.03 0.76 0.02 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.08 0.05 0.00 0.02 0.03 0.05 0.02 0.05 0.05 5.20 0.01 0.00 0.00 0.01 0.15 0.09 0.00 0.01 0.00 0.19 0.28 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.25 0.33 0.02 0.00 0.02 0.06 0.01 0.03 0.01 0.04 0.05 0.01 0.02 0.03 1.65 0.02 0.05 0.04 0.00 0.04 0.01 0.01 0.01 0.02 0.00 0.03 0.03 0.00 0.04 0.05 0.07 0.10 0.01 0.05 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.01 0.00 0.07 0.01 0.00 0.02 0.00 0.00 0.02 0.00 0.06

0.23 0.18 0.29 0.07 1.02 0.74 1.59 0.84 0.09 4.40 5.88 0.50 0.23 11.79 0.06 0.09 0.20 0.27 0.15 0.12 0.42 20.40 9.45 1.52 0.10 0.10 0.14 0.17 0.03 0.12 0.15 0.76 0.85 1.10 0.14 0.83 0.55 0.55 0.36 0.45 0.42 128.00 0.25 0.06 0.08 0.11 8.00 6.27 0.05 0.30 0.23 7.10 9.50 0.03 0.26 0.25 0.10 0.16 0.38 0.47 0.50 0.41 0.30 14.55 19.13 0.17 0.14 3.64 4.58 0.14 0.88 0.15 1.53 1.95 0.37 0.50 0.60 13.50 0.52 0.50 2.40 0.86 0.17 0.20 0.17 1.50 0.85 0.08 0.31 0.40 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.33 0.50 0.30 0.47 0.60 0.33 0.25 5.85 0.29 0.19 0.30 0.25 0.30 0.27 0.06 1.37

0.09 0.05 0.14 0.01 0.05 0.25 0.87 0.06 0.01 0.14 1.05 0.07 0.03 0.80 0.02 0.03 0.09 0.12 0.08 0.06 0.00 7.02 5.52 0.99 0.04 0.00 0.02 0.04 0.01 0.02 0.03 0.24 0.33 0.25 0.04 0.40 0.05 0.27 0.11 0.13 0.20 88.00 0.10 0.03 0.04 0.04 2.26 1.70 0.03 0.10 0.00 2.65 3.28 0.00 0.09 0.05 0.02 0.04 0.14 0.18 0.00 0.08 0.06 8.80 11.16 0.06 0.05 1.01 1.32 0.03 0.19 0.07 0.95 1.26 0.03 0.04 0.18 2.50 0.10 0.20 0.50 0.28 0.07 0.07 0.00 0.17 0.00 0.01 0.06 0.08 0.01 0.06 0.54 0.84 1.07 0.04 0.12 0.13 0.07 0.12 0.15 0.20 0.12 0.09 0.07 0.12 0.07 0.05 0.55 0.12 0.10 0.06 0.04 0.10 0.05 0.00 0.47

Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals* Rover Metals Roxgold Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining * RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.01 0.01 0.03 0.04 0.77 0.01 0.00 0.21 0.09 0.00 0.04 0.06 0.00 0.04 0.00 0.18 0.09 0.04 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.15 0.00 0.00 0.12 0.00 0.01 0.09 0.05 0.01 0.01 0.05 0.02 5.64 0.04 0.02 0.00 0.00 0.01 0.00 0.03 0.04 0.01 0.00 0.00 0.16 0.09 0.00 0.00 0.01 0.03 0.02 0.02 0.01 0.04 0.00 0.00 0.01 0.08

0.40 0.38 0.12 0.40 14.50 0.18 0.15 2.00 4.13 0.12 0.25 0.49 0.13 0.19 0.01 1.42 0.95 1.74 0.37 1.00 0.12 0.13 0.00 0.11 0.14 1.13 1.45 0.25 1.35 1.74 1.70 0.06 0.08 0.77 0.24 0.23 0.74 0.61 0.11 0.09 94.42 95.97 108.00 1.03 0.85 0.83 1.09 0.40 0.54 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.10 0.14 0.09 0.19 0.25 0.29 0.23 0.20 1.00 0.10 0.16 1.93

0.23 0.21 0.05 0.15 0.51 0.08 0.07 0.00 0.47 0.03 0.06 0.15 0.03 0.04 0.00 0.06 0.30 0.70 0.15 0.01 0.05 0.05 0.00 0.04 0.06 0.47 0.60 0.15 0.52 0.70 0.15 0.03 0.04 0.29 0.04 0.06 0.23 0.30 0.05 0.03 55.15 55.39 63.85 0.65 0.52 0.38 0.49 0.12 0.15 0.12 0.15 0.30 0.04 0.05 0.41 0.55 0.04 0.06 0.02 0.08 0.11 0.11 0.10 0.02 0.04 0.06 0.07 0.11

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

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

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

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

0.24 0.25 0.00 0.28 + 0.08 0.08 0.24 0.28 + 2.12 2.75 + 0.15 0.15 0.10 0.10 unch 0.00 0.33 + 1.65 1.76 + 0.04 0.04 unch 0.16 0.16 + 0.18 0.18 0.10 0.10 0.13 0.13 0.00 0.00 0.70 0.70 0.41 0.43 0.70 0.76 + 0.25 0.25 unch 0.07 0.08 + 0.08 0.09 unch 0.06 0.06 unch 0.00 0.00 unch 0.05 0.05 + 0.06 0.07 unch 0.46 0.50 + 0.60 0.63 + 0.16 0.16 unch 0.55 0.58 0.70 0.74 unch 1.10 1.20 0.03 0.03 unch 0.05 0.05 unch 0.55 0.55 0.05 0.05 + 0.06 0.07 + 0.44 0.44 0.00 0.35 0.05 0.05 0.04 0.04 0.00 82.00 + 78.95 82.77 0.00 92.06 0.65 0.68 0.52 0.55 0.43 0.52 + 0.00 0.65 unch 0.12 0.13 0.15 0.17 unch 0.11 0.11 0.00 0.15 0.36 0.38 0.05 0.05 unch 0.05 0.05 unch 3.61 3.94 4.73 5.04 0.06 0.06 0.07 0.08 unch 0.00 0.03 0.08 0.08 0.11 0.11 0.17 0.21 0.11 0.12 + 0.12 0.12 0.00 0.09 0.06 0.06 unch 0.09 0.09 0.76 0.76 -

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

214 1894 111 56 667 1674 118 211 437 2420 1085 42 1472 203 610 0 430 10 27 5 140 70 5 87 19 1654 1035

0.45 0.52 0.05 0.04 0.32 0.40 0.12 0.07 0.09 1.93 0.07 0.05 117.48 0.01 0.29 0.00 0.07 0.06 0.15 0.15 0.12 0.03 0.04 5.86 4.61 0.06 0.04

0.38 0.38 0.47 0.47 0.00 0.05 unch + 0.03 0.04 + 0.23 0.30 0.35 0.37 0.11 0.12 0.06 0.06 0.08 0.08 1.88 1.90 unch 0.06 0.07 unch 0.04 0.04 + 113.39 116.45 0.01 0.01 unch 0.25 0.27 0.00 0.07 unch 0.07 0.07 0.00 0.06 unch 0.15 0.15 unch 0.15 0.15 0.12 0.12 unch 0.03 0.03 0.04 0.04 5.40 5.81 4.22 4.59 0.05 0.05 unch + 0.04 0.04

107 2259 853 618 509 601 199 453 392 12 80 335 97 335 287 342 165 203 28 4744 889 798 31 3307 647 331 6 53 5244 4 328 183 365 642 127 91 32 217 306 1 18 188 1146 283 22 495 51 7 673 135 0 671 1342 183 101 1 1 1025 260 6 7 10728 1498 165 884 48 3 208 304 2672 239 436 824 7 800 106 56 126 248 2455 1249 13 39 939 2165 0 10 19 508 206 386 485 600 1593 274 470 127 24 107 809 1439 4899 4427 1650 2 33 23 77 131 914 166 716 44 148 660 281 445 221 639 410 339 474 216 1 677 3292 2614 1442 823 58 159 20 2275 875 274 594 108 550 360 993 215 4 5405 6 195 1563 2586 131 156 1676 2959 5842 67 41 32 1969 1034 1095

0.16 1.85 1.46 0.22 0.18 0.01 1.33 0.17 0.17 0.28 0.35 0.17 0.12 0.00 0.15 0.09 0.07 0.19 0.23 7.61 9.66 0.38 0.20 0.00 0.66 0.54 0.11 0.13 0.13 0.28 0.05 0.17 0.21 0.13 0.10 0.89 2.88 0.17 0.22 0.44 0.63 22.06 17.56 0.70 0.90 0.20 0.15 0.05 0.04 0.06 0.00 0.12 0.06 0.34 0.25 1.19 0.87 0.51 0.10 0.07 4.10 16.50 0.15 0.07 0.10 0.13 0.57 0.77 3.72 2.92 6.85 0.12 0.14 0.08 0.11 1.02 1.30 0.70 0.88 0.24 0.20 0.01 0.17 0.54 0.45 0.00 0.13 0.15 0.14 0.21 0.15 0.19 0.05 0.06 0.45 0.56 0.34 0.28 0.33 0.41 6.21 4.89 8.04 10.10 0.11 0.41 0.44 0.08 0.10 0.14 0.11 0.08 0.06 12.32 15.55 0.17 0.14 0.11 0.39 0.31 0.06 0.08 0.20 0.15 0.33 0.15 0.49 0.38 13.60 0.36 0.49 0.75 0.62 0.13 0.28 0.35 0.03 0.06 0.08 0.20 0.14 2.12 64.00 0.20 0.21 0.37 0.29 0.27 0.04 0.24 0.19 0.13 0.10 0.18 0.14 0.15 0.11 0.39

High Low

0.03 0.06 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.00 0.00 0.01 1.03 0.00 0.02 0.00 0.01 0.00 0.00 0.02 0.00 0.00 0.01 0.05 0.01 0.00 0.00

0.60 0.76 0.07 0.06 0.80 0.64 0.36 0.12 0.13 2.35 0.12 0.07 147.64 0.06 0.44 1.00 0.29 0.20 0.15 0.23 0.19 0.07 0.08 6.20 5.49 0.14 0.09

0.17 0.22 0.04 0.03 0.20 0.33 0.11 0.04 0.06 1.34 0.06 0.01 99.32 0.00 0.25 0.06 0.05 0.05 0.03 0.11 0.07 0.01 0.02 2.66 1.85 0.03 0.02

0.01 0.05 0.06 0.01 0.02 0.01 0.09 0.02 0.02 0.01 0.01 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.18 0.27 0.02 0.01 0.00 0.04 0.06 0.00 0.01 0.01 0.04 0.01 0.00 0.01 0.00 0.01 0.06 2.17 0.01 0.02 0.00 0.02 0.08 0.03 0.00 0.00 0.03 0.01 0.01 0.02 0.01 0.00 0.02 0.00 0.03 0.00 0.00 0.23 0.01 0.00 0.00 0.10 0.01 0.01 0.01 0.01 0.06 0.03 0.04 0.40 0.32 0.00 0.02 0.01 0.03 0.04 0.03 0.01 0.00 0.01 0.01 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.04 0.02 0.06 0.00 0.00 0.01 0.00 0.01 0.04 0.07 0.03 0.05 0.05 0.19 0.13 0.28 0.33 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.51 0.74 0.02 0.02 0.02 0.03 0.03 0.00 0.02 0.00 0.00 0.02 0.02 0.01 0.01 0.50 0.05 0.05 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 1.13 0.00 0.02 0.03 0.02 0.01 0.01 0.04 0.03 0.00 0.00 0.01 0.00 0.02 0.01 0.02

0.30 3.54 2.80 0.40 0.36 0.05 1.57 0.24 0.19 0.32 0.40 0.21 0.17 0.04 0.30 0.40 0.32 0.31 0.40 10.63 14.22 0.58 0.47 0.02 1.24 0.92 0.14 0.20 0.22 2.00 0.09 0.28 0.35 0.22 0.17 0.98 1.28 0.46 0.53 0.56 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.10 0.07 0.14 0.25 0.16 0.10 2.55 0.66 2.06 1.56 0.70 0.25 0.19 7.72 20.68 0.22 0.14 0.17 0.35 0.71 1.07 4.92 3.92 7.05 0.20 0.22 0.18 0.24 1.25 1.55 2.51 2.29 0.59 0.46 0.02 0.35 0.94 0.75 1.00 0.34 0.40 0.29 0.30 0.37 0.49 0.48 0.12 1.20 0.85 0.60 0.51 0.68 0.90 11.62 8.91 12.88 16.37 0.30 0.41 1.00 0.20 0.26 0.34 0.27 0.11 0.08 13.60 16.48 0.50 0.25 0.21 0.60 0.48 0.11 0.16 0.43 0.38 0.75 0.25 0.78 0.64 13.62 0.56 0.72 1.56 1.25 0.16 0.30 0.38 0.06 0.13 0.18 0.31 0.25 2.39 83.29 0.34 1.04 0.70 0.55 1.39 0.10 0.77 0.59 0.21 0.16 0.80 0.15 0.27 0.36 0.67

0.13 1.60 1.24 0.10 0.07 0.00 1.00 0.02 0.01 0.19 0.21 0.11 0.08 0.00 0.13 0.08 0.00 0.14 0.20 5.96 7.57 0.22 0.18 0.00 0.35 0.28 0.08 0.10 0.08 0.20 0.03 0.08 0.11 0.10 0.07 0.10 0.57 0.12 0.18 0.26 0.33 19.45 15.38 0.23 0.29 0.04 0.01 0.03 0.01 0.06 0.00 0.03 0.02 0.22 0.09 1.05 0.00 0.16 0.09 0.03 2.53 10.26 0.02 0.04 0.05 0.06 0.56 0.68 1.84 1.38 2.05 0.03 0.05 0.00 0.09 0.46 0.61 0.60 0.62 0.17 0.13 0.00 0.13 0.48 0.37 0.46 0.12 0.15 0.02 0.14 0.12 0.16 0.03 0.05 0.24 0.33 0.09 0.13 0.00 0.37 5.79 4.58 7.06 9.03 0.01 0.35 0.41 0.07 0.09 0.12 0.09 0.05 0.03 10.19 8.76 0.14 0.11 0.08 0.15 0.11 0.03 0.05 0.06 0.13 0.19 0.05 0.10 0.07 1.48 0.28 0.35 0.41 0.31 0.06 0.14 0.16 0.03 0.05 0.06 0.04 0.02 1.42 42.02 0.15 0.19 0.30 0.23 0.01 0.04 0.19 0.15 0.04 0.03 0.17 0.14 0.05 0.03 0.07

S 0.15 1.62 1.25 0.18 0.14 0.00 1.25 0.14 0.10 0.00 0.00 0.14 0.11 0.00 0.13 0.08 0.06 0.16 0.22 7.29 9.25 0.31 0.18 0.00 0.57 0.45 0.10 0.12 0.11 0.28 0.04 0.13 0.17 0.10 0.07 0.80 0.64 0.15 0.20 0.00 0.57 21.20 16.67 0.70 0.88 0.16 0.14 0.04 0.00 0.06 0.00 0.11 0.06 0.27 0.00 1.17 0.87 0.47 0.09 0.07 0.00 15.01 0.11 0.06 0.00 0.12 0.56 0.68 3.24 2.57 6.50 0.09 0.11 0.00 0.08 0.94 1.20 0.60 0.80 0.17 0.13 0.01 0.15 0.48 0.37 0.00 0.13 0.00 0.00 0.15 0.12 0.16 0.04 0.00 0.35 0.44 0.30 0.25 0.00 0.38 5.84 4.60 7.06 9.03 0.00 0.35 0.41 0.07 0.09 0.12 0.09 0.07 0.05 11.10 14.12 0.14 0.11 0.08 0.32 0.25 0.05 0.07 0.18 0.14 0.24 0.10 0.40 0.31 11.33 0.35 0.00 0.67 0.52 0.12 0.24 0.30 0.03 0.06 0.08 0.16 0.13 2.05 59.39 0.20 0.19 0.30 0.23 0.19 0.04 0.19 0.14 0.11 0.08 0.00 0.14 0.13 0.10 0.36

+ 0.15 + 1.71 + 1.36 + 0.21 + 0.17 0.00 1.25 0.15 0.12 0.27 + 0.35 0.15 0.12 0.00 + 0.15 + 0.08 0.06 unch 0.17 + 0.23 7.45 9.36 + 0.37 0.18 0.00 0.62 0.48 0.10 + 0.13 0.12 0.28 0.04 + 0.15 + 0.19 0.11 unch + 0.09 0.81 + 2.88 0.16 0.20 0.44 unch + 0.57 21.68 + 17.26 0.70 unch 0.90 unch 0.19 0.15 0.04 0.02 + 0.06 0.07 unch 0.11 0.06 unch + 0.34 0.25 unch 1.19 unch 0.87 + 0.50 0.10 unch 0.07 unch 4.00 16.11 0.13 + 0.07 + 0.09 + 0.12 0.57 0.71 3.30 2.63 6.80 unch 0.10 0.13 0.07 0.08 0.99 1.25 + 0.68 + 0.86 + 0.24 + 0.19 0.01 unch + 0.17 0.51 0.41 0.46 unch 0.13 unch 0.15 0.12 0.15 0.13 0.17 unch + 0.05 0.06 unch + 0.41 + 0.52 0.30 0.25 0.30 0.38 6.02 4.78 + 7.92 + 9.97 0.10 unch 0.41 unch 0.42 0.07 0.09 0.12 0.10 0.07 0.06 + 12.16 + 15.29 + 0.17 + 0.13 + 0.11 + 0.38 + 0.31 0.06 0.07 0.20 unch + 0.14 + 0.32 + 0.15 0.45 0.35 + 13.29 0.36 0.45 + 0.70 + 0.55 0.12 0.27 0.34 unch 0.03 unch 0.06 0.08 unch 0.16 0.13 2.12 + 63.08 0.20 unch 0.19 0.31 0.25 0.20 0.04 0.20 0.15 0.11 unch 0.09 + 0.18 0.14 unch 0.13 0.10 + 0.38

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / AUGUST 2–15, 2021

Week

Exc Volume

High

Low

Last

0.02 0.13 0.48 15.21 19.16 0.10 0.25 0.19 3.30 4.13 0.84 0.42 0.04 6.21 0.00 0.18 0.23 0.02 0.18 0.14 0.06 0.16 0.00 2.12 2.69 0.00 0.00 0.00 0.13 1.63 1.28 0.36 0.45 0.04 0.06 0.00 0.23 0.08 0.00 0.00 0.10 0.13 0.00 0.21 0.28 0.23 0.00 0.03 0.12 0.10 0.22 0.17 0.68 0.60 0.48 0.08 0.10 0.74 0.93 0.34 0.49 0.39 19.56 24.98 0.49 0.64 0.51 0.47 0.18 0.24 0.33 0.26 0.00 0.22 0.78

0.02 0.13 0.50 15.30 19.22 0.12 0.28 0.21 3.39 4.13 0.85 0.47 0.05 6.95 3.97 0.20 0.28 0.02 0.18 0.14 0.06 0.16 0.23 2.46 3.09 0.03 0.04 0.05 0.15 1.66 1.34 0.42 0.53 0.04 0.07 0.19 0.24 0.08 0.00 0.23 0.10 0.13 0.00 0.25 0.31 0.27 0.22 0.03 0.15 0.11 0.24 0.19 0.73 0.63 0.48 0.08 0.10 0.86 1.09 0.34 0.55 0.42 20.81 26.14 0.53 0.66 0.51 0.47 0.18 0.24 0.38 0.28 0.00 0.26 0.91

Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold* St. James Gold Stakeholdr Gld Stallion Gold Standard Graph* Standard Lith Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Sterling Metal* Sterling Metal Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery* Surge Battery Surge Copper Surge Copper* Sutter Gold* Sylla Gold Syrah Res*

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

824 146 14 6368 1638 240 1007 1138 48 136 41 89 895 7045 14 665 941 78 832 138 8 16 37 285 1007 0 40 46 318 144 48 236 267 94 301 67 176 225 840 49 28 47 142 1781 1433 229 29 389 1941 773 653 84 84 15 7 2 601 267 500 22 376 33 37660 32793 226 347 68 10 9 97 1300 261 143 58 183

0.02 0.14 0.50 16.10 20.53 0.12 0.29 0.24 4.45 5.50 0.86 0.48 0.50 6.95 3.99 0.23 0.29 0.03 0.20 0.17 0.06 0.18 0.24 2.47 3.12 0.03 0.05 0.05 0.18 1.74 1.36 0.51 0.60 0.07 0.09 0.20 0.25 0.10 0.00 0.23 0.11 0.14 0.00 0.26 0.32 0.28 0.22 0.03 0.15 0.12 0.24 0.19 0.75 0.64 0.48 0.08 0.11 0.96 1.21 0.34 0.61 0.46 21.30 26.89 0.56 0.71 0.60 0.47 0.21 0.27 0.38 0.29 0.00 0.26 0.94

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

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

289 310 453 372 38 376 2282 2 3341 1118 57 3974 124 205 189 525 161 102 248 52 10182 2359 183 27099

0.15 0.19 0.08 0.33 0.26 0.03 0.49 0.00 20.20 0.06 0.59 0.46 0.21 0.26 0.10 0.08 0.10 0.08 0.48 0.38 1.78 2.23 0.58 21.54

(100s)

12-month Change

High Low

Stock

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

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

0.00 0.01 0.01 0.87 1.17 0.01 0.01 0.00 0.86 1.12 0.00 0.01 0.00 0.00 0.17 0.01 0.04 0.00 0.02 0.01 0.00 0.05 0.02 0.05 0.06 0.00 0.00 0.00 0.04 0.06 0.04 0.01 0.01 0.03 0.03 0.01 0.00 0.03 0.00 0.01 0.01 0.01 0.00 0.01 0.02 0.04 0.02 0.00 0.00 0.00 0.01 0.00 0.07 0.03 0.00 0.01 0.00 0.09 0.11 0.00 0.07 0.06 0.17 0.33 0.03 0.05 0.09 0.00 0.02 0.02 0.01 0.01 0.00 0.04 0.06

0.03 0.23 1.05 25.32 33.69 0.20 1.19 0.99 5.16 6.50 0.97 0.75 0.50 6.95 18.00 0.25 0.38 0.18 0.30 0.25 0.19 0.27 0.35 3.56 4.05 0.51 1.00 0.14 0.24 3.14 2.41 1.00 0.92 0.29 0.38 0.29 0.35 0.28 0.01 0.35 0.26 0.38 0.01 0.60 0.80 0.52 0.41 0.09 0.33 0.26 0.28 0.26 0.90 0.94 0.72 0.10 0.20 2.20 3.50 1.34 1.35 1.09 25.73 31.38 1.15 1.53 0.89 0.63 0.25 0.29 0.85 0.46 0.05 0.30 1.10

0.02 0.06 0.41 13.68 17.29 0.05 0.05 0.04 0.07 0.10 0.17 0.15 0.04 1.02 1.01 0.12 0.12 0.00 0.15 0.11 0.01 0.12 0.16 1.14 1.46 0.03 0.03 0.04 0.05 1.63 1.28 0.06 0.15 0.04 0.06 0.02 0.10 0.06 0.00 0.13 0.02 0.13 0.00 0.21 0.28 0.22 0.19 0.02 0.12 0.10 0.07 0.05 0.37 0.38 0.29 0.00 0.05 0.60 0.78 0.32 0.18 0.14 10.67 14.28 0.40 0.51 0.37 0.30 0.03 0.06 0.11 0.26 0.00 0.08 0.22

0.13 0.14 0.17 0.17 0.08 0.08 0.30 0.30 0.24 0.24 0.02 0.02 0.44 0.48 + 0.00 0.00 unch 6.39 10.71 + 0.05 0.06 unch 0.53 0.55 0.41 0.43 0.18 0.19 0.23 0.25 0.10 0.10 unch 0.08 0.08 unch 0.09 0.09 0.08 0.08 0.40 0.47 + 0.31 0.38 + 1.57 1.73 2.01 2.15 0.54 0.54 19.67 20.99 -

0.00 0.03 0.01 0.03 0.02 0.01 0.03 0.00 3.86 0.00 0.05 0.03 0.02 0.01 0.00 0.00 0.02 0.00 0.06 0.01 0.02 0.05 0.03 0.51

0.24 0.28 0.23 0.44 0.35 0.15 0.90 0.10 26.25 0.12 2.12 1.91 0.43 1.00 0.16 0.16 0.25 0.14 0.56 0.55 2.67 3.22 0.60 26.72

0.12 0.16 0.07 0.28 0.21 0.02 0.14 0.00 6.39 0.01 0.54 0.42 0.18 0.23 0.08 0.07 0.08 0.08 0.09 0.00 0.56 0.76 0.24 10.03

Week

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

10204 10 144 583 318 608 445 154 215 303 3 59 513 319 106 0 32 39 152 587 150 20 5 424 5 1223 196 89 125 360 835 142 232 241 357 31 0 21 8 197 212 221 437 230 500 554 1 259 206 1483 140 193 10 600 33 20 6 5 14 6 116 149 177 669 315 17 5 164 3398 2 282 114 31 233 55 1801 97 1 25 2 18 269 235 1243 240 97 1173 1014 675 594 980 0 16 188 836 175 330 260 6685 1389 1298 34

12-month

High

Low

Last

27.00 34.20 0.11 0.14 0.35 0.40 0.16 0.12 0.14 0.18 0.04 0.05 0.24 0.18 0.05 0.00 0.05 1.90 2.38 1.79 0.06 0.08 1.35 0.19 0.28 0.35 0.32 0.14 0.08 0.07 1.30 0.30 0.26 0.16 0.21 0.04 0.00 0.80 0.28 0.34 0.46 0.05 1.48 0.07 0.21 0.21 2.38 0.16 11.05 13.93 0.85 0.67 0.05 0.08 0.29 0.26 0.15 0.17 0.05 0.04 0.12 0.16 0.66 0.83 8.20 0.11 0.09 0.18 0.22 0.00 0.09 0.08 0.65 0.83 2.80 2.26 0.15 0.04 0.06 0.05 15.47 0.22 0.27 0.19 0.13 0.72 0.91 0.15 0.03 0.30 0.26 0.07 0.09 1.28 2.35 1.85 0.73 0.89 14.60 18.32 0.05 0.04

25.11 32.25 0.09 0.12 0.25 0.30 0.12 0.09 0.12 0.16 0.04 0.05 0.20 0.16 0.04 0.00 0.00 1.62 2.02 1.55 0.06 0.00 1.30 0.13 0.00 0.00 0.27 0.12 0.08 0.06 1.07 0.00 0.21 0.00 0.18 0.04 0.00 0.55 0.25 0.31 0.38 0.04 1.30 0.07 0.14 0.18 2.00 0.13 10.25 13.09 0.81 0.60 0.00 0.07 0.24 0.23 0.15 0.00 0.04 0.03 0.12 0.15 0.60 0.75 7.80 0.00 0.00 0.15 0.21 0.00 0.08 0.06 0.57 0.70 2.59 2.04 0.14 0.00 0.05 0.05 14.08 0.20 0.25 0.14 0.11 0.68 0.84 0.10 0.03 0.03 0.22 0.00 0.00 1.08 2.01 1.60 0.67 0.84 12.57 16.06 0.04 0.03

26.40 33.00 0.11 0.13 0.26 0.30 0.16 0.11 0.13 0.18 0.04 0.05 0.23 0.18 0.05 0.04 0.05 1.70 2.12 1.61 0.06 0.08 1.32 0.19 0.27 0.35 0.30 0.12 0.08 0.07 1.24 0.26 0.22 0.16 0.20 0.04 0.65 0.70 0.27 0.32 0.42 0.05 1.37 0.07 0.16 0.20 2.38 0.15 10.61 13.33 0.82 0.65 0.05 0.07 0.29 0.23 0.15 0.17 0.04 0.03 0.12 0.15 0.64 0.80 7.82 0.11 0.08 0.17 0.22 0.12 0.08 0.07 0.59 0.74 2.65 2.12 0.15 0.03 0.05 0.05 14.80 0.20 0.25 0.15 0.12 0.68 0.84 0.10 0.03 0.19 0.24 0.07 0.09 1.09 2.15 1.71 0.71 0.88 14.55 18.27 0.05 0.04

Change + + + + unch + + + unch unch + unch unch + + + + + + unch unch + + + + + + unch unch + unch unch + unch unch unch + unch + + unch -

0.69 1.75 0.01 0.01 0.06 0.10 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.19 0.27 0.03 0.00 0.00 0.02 0.02 0.01 0.02 0.02 0.00 0.01 0.01 0.01 0.06 0.01 0.01 0.02 0.00 0.00 0.15 0.02 0.02 0.03 0.01 0.10 0.01 0.00 0.02 0.38 0.02 0.23 0.35 0.03 0.03 0.01 0.01 0.03 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.24 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.09 0.10 0.13 0.06 0.01 0.02 0.01 0.00 0.65 0.01 0.03 0.02 0.01 0.03 0.05 0.05 0.00 0.01 0.01 0.02 0.00 0.14 0.21 0.12 0.00 0.00 0.90 1.06 0.00 0.00

(100s)

High Low

Stock

32.27 42.50 0.25 0.32 1.78 2.27 0.25 0.16 0.17 0.33 0.08 0.14 0.55 0.41 0.07 0.12 0.17 3.80 4.85 4.70 0.11 0.12 1.75 0.70 1.00 0.45 0.69 0.25 0.20 0.16 1.90 0.51 0.40 0.24 0.30 0.08 1.65 2.10 0.99 1.10 0.65 0.09 1.67 0.11 0.24 0.33 3.09 0.45 19.45 25.52 1.07 0.86 0.12 0.15 0.45 0.33 0.24 0.30 0.07 0.05 0.20 0.26 1.40 1.98 9.17 0.20 0.14 0.23 0.28 0.12 0.13 0.19 2.06 2.78 3.70 3.06 0.16 0.15 0.15 0.11 16.46 0.35 0.47 0.48 0.34 1.33 1.82 0.30 0.27 0.41 0.52 0.19 0.25 1.46 4.51 3.40 1.17 1.55 21.89 26.45 0.06 0.06

Tyhee Gold* Tymbal Res Typhoon Expl

O V V

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

Walker Lane* Walker River*

13.46 15.01 0.07 0.09 0.26 0.10 0.10 0.08 0.12 0.14 0.04 0.05 0.20 0.16 0.03 0.04 0.05 1.65 2.18 1.20 0.03 0.05 0.52 0.00 0.16 0.17 0.27 0.11 0.07 0.05 1.07 0.17 0.12 0.11 0.16 0.03 0.50 0.40 0.00 0.18 0.24 0.03 0.15 0.06 0.14 0.12 1.53 0.13 10.25 13.18 0.54 0.41 0.05 0.07 0.23 0.18 0.11 0.07 0.03 0.02 0.10 0.13 0.60 0.75 5.39 0.08 0.05 0.07 0.09 0.12 0.06 0.00 0.57 0.71 1.90 1.43 0.06 0.00 0.06 0.05 14.08 0.15 0.19 0.13 0.11 0.67 0.84 0.03 0.03 0.02 0.12 0.05 0.08 0.07 2.01 1.60 0.55 0.75 7.49 9.80 0.02 0.01

Week

Exc Volume

High

Low

2524 1 255

0.00 0.00 0.05

0.00 0.00 0.04

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

159 144 203 134 5038 179 92 5577 39 26 1140 151 833 1088 1181 100 8805 87254 31 258 259 11617 681 1954 24975 11794 3032 573 734 185 24 1101 173 3 1 97804 3553 828 758 94 101 253 116 201 68 2721 2857 11 1 21 44 84 115 2008 59 44 4 561 138 585 18652 112 1000 539 41 22 176 61 228 1775 369 102 93 3080 47 94 1410 434 217 159 664 62 170 29 190 444 862 97 488 667

11.00 0.19 0.20 0.06 13.77 0.83 0.97 0.35 0.20 0.16 0.08 0.10 0.13 0.55 0.69 0.03 0.99 23.34 0.07 0.09 2.30 1.24 1.56 0.66 2.35 0.07 4.37 3.64 2.90 0.04 0.04 0.04 0.33 0.12 0.00 22.17 0.05 0.22 0.28 0.04 0.05 0.08 0.10 0.24 0.19 0.73 0.60 0.25 0.19 0.37 0.48 0.05 0.04 0.10 1.05 0.07 0.08 0.13 14.11 17.77 0.02 0.02 0.10 0.07 0.25 0.20 0.49 0.09 0.12 0.13 0.11 0.23 1.19 0.95 0.13 0.16 2.54 2.02 0.12 0.55 0.65 0.38 0.11 0.23 0.42 0.52 0.25 0.19 0.13 0.10

O O

172 29

0.20 0.06

Last

12-month Change

0.00 unch 0.02 unch 0.05 unch

0.00 0.00 0.00

High Low 0.01 0.00 0.05 0.01 0.11 0.04

U-V 9.55 0.15 0.11 0.05 10.01 0.71 0.90 0.29 0.17 0.15 0.06 0.09 0.12 0.45 0.56 0.03 0.83 20.54 0.07 0.08 2.00 1.01 1.28 0.59 1.89 0.03 3.86 2.91 2.30 0.00 0.03 0.03 0.26 0.00 0.00 20.86 0.04 0.16 0.23 0.03 0.05 0.05 0.00 0.19 0.00 0.46 0.36 0.00 0.19 0.00 0.44 0.04 0.03 0.08 0.94 0.06 0.08 0.09 12.65 16.85 0.01 0.01 0.08 0.06 0.00 0.17 0.45 0.08 0.11 0.12 0.09 0.20 1.11 0.87 0.11 0.15 2.28 1.78 0.12 0.37 0.50 0.36 0.09 0.08 0.31 0.39 0.20 0.15 0.11 0.09

10.21 0.16 0.12 0.06 13.48 0.74 0.93 0.33 0.20 0.16 0.07 0.10 0.13 0.55 0.69 0.03 0.90 23.13 0.07 0.09 2.07 1.15 1.43 0.63 2.19 0.04 4.04 3.57 2.87 0.04 0.03 0.03 0.33 0.12 0.08 21.95 0.05 0.20 0.25 0.04 0.05 0.06 0.08 0.22 0.16 0.50 0.39 0.25 0.19 0.35 0.44 0.05 0.04 0.10 1.00 0.06 0.08 0.12 14.02 17.57 0.02 0.01 0.09 0.07 0.25 0.20 0.46 0.08 0.12 0.13 0.10 0.22 1.15 0.91 0.12 0.16 2.39 1.92 0.12 0.41 0.53 0.36 0.11 0.09 0.41 0.49 0.21 0.17 0.11 0.09

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

0.22 0.00 0.01 0.01 1.98 0.03 0.04 0.02 0.01 0.00 0.00 0.00 0.01 0.05 0.05 0.00 0.04 1.24 0.00 0.01 0.22 0.10 0.08 0.04 0.17 0.00 0.05 0.54 0.44 0.00 0.01 0.00 0.05 0.01 0.00 0.12 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.00 0.19 0.16 0.01 0.00 0.01 0.04 0.00 0.00 0.01 0.06 0.01 0.00 0.02 0.13 0.05 0.01 0.00 0.01 0.00 0.01 0.02 0.03 0.01 0.00 0.01 0.00 0.01 0.02 0.01 0.01 0.01 0.16 0.11 0.01 0.01 0.01 0.02 0.00 0.00 0.06 0.06 0.04 0.04 0.02 0.01

0.09 0.06

+ +

0.04 0.01

17.40 0.37 0.40 0.08 30.20 2.36 2.97 0.50 0.28 0.23 0.19 0.50 0.67 1.46 1.80 0.05 2.56 29.97 0.15 0.21 3.41 1.74 2.14 1.68 3.67 0.27 14.50 4.70 3.81 0.07 0.20 0.07 0.32 0.19 0.20 23.18 0.20 0.36 0.45 0.10 0.14 0.10 0.11 0.36 0.32 1.75 2.32 0.38 0.27 0.47 0.61 0.11 0.09 0.12 1.97 1.00 0.19 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.48 0.37 0.55 0.30 0.38 0.95 0.74 0.24 1.90 1.45 0.36 0.48 2.86 2.37 0.44 0.68 0.93 0.50 0.35 0.25 0.55 0.68 0.33 0.80 0.16 0.13

7.38 0.08 0.02 0.03 0.43 0.64 0.70 0.12 0.04 0.04 0.00 0.09 0.12 0.11 0.17 0.02 0.22 6.63 0.06 0.06 1.05 0.42 0.55 0.31 0.82 0.01 1.34 1.03 0.75 0.02 0.01 0.00 0.16 0.09 0.08 10.29 0.00 0.16 0.21 0.03 0.04 0.03 0.04 0.08 0.06 0.48 0.38 0.17 0.03 0.31 0.41 0.04 0.03 0.02 0.58 0.01 0.01 0.03 8.18 10.42 0.02 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.11 0.02 0.01 0.04 0.99 0.79 0.11 0.15 1.26 0.99 0.01 0.28 0.34 0.24 0.04 0.03 0.18 0.23 0.05 0.04 0.03 0.02

W-Z 0.04 0.05

0.20 0.03 0.11 0.01

(100s) Stock

Exc Volume

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

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

776 1027 1720 3 9 443 15 1057 459 86 1 41 179 3246 277 443 632 525 804 100 12 230 2041 910 20 655 846 105 4 447 576 3 203 257 68 836 11 1 0 3192 10973 5 122 201 139 757 221 97 19 4 11 903 5 4529 4905 805 80 572 605 237 4 1230 40 73 0 2 179 8 11 0 5 130 57 822 23 53 9097 82257 0 10 613 254 11 5 453 81 15 135 35 251 56 7 29 96 83 235 180

Week

12-month

High

Low

Last

Change

0.08 0.43 0.52 0.19 0.07 0.08 0.04 0.29 0.36 0.65 0.08 0.12 9.83 12.37 0.40 0.15 0.19 0.07 0.09 1.13 1.84 0.07 1.83 2.28 0.30 0.27 0.22 0.19 0.14 3.25 2.58 1.25 0.63 0.50 0.17 0.21 0.35 0.21 0.00 56.01 44.46 0.11 0.50 0.64 0.07 0.09 0.05 1.70 1.40 0.15 0.20 0.12 0.09 0.09 0.07 0.43 0.21 0.26 0.55 0.40 0.05 0.09 0.10 0.04 0.00 0.09 0.11 0.00 0.08 0.06 0.18 0.25 0.08 0.07 0.77 0.94 5.37 4.22 1.52 0.04 0.05 1.04 0.81 0.09 3.32 2.66 0.18 0.15 0.13 0.25 0.77 0.61 0.04 0.18 0.14 0.17 0.24

0.07 0.08 + 0.37 0.40 0.48 0.49 0.19 0.19 unch 0.05 0.05 0.00 0.08 unch 0.04 0.04 0.24 0.27 + 0.32 0.34 + 0.55 0.60 0.08 0.08 unch 0.00 0.12 + 9.35 9.59 11.92 12.04 0.34 0.40 + 0.13 0.13 0.16 0.16 0.05 0.05 0.07 0.08 + 1.10 1.13 + 1.59 1.82 + 0.06 0.06 1.57 1.75 + 2.02 2.19 + 0.30 0.30 0.24 0.26 + 0.19 0.21 + 0.18 0.18 0.00 0.13 2.08 3.09 + 1.63 2.45 + 1.25 1.25 unch 0.56 0.57 0.44 0.47 0.00 0.14 0.00 0.19 unch 0.31 0.35 + 0.21 0.21 0.00 1.00 unch 54.21 54.94 42.45 43.73 0.11 0.11 + 0.46 0.49 0.59 0.60 unch 0.06 0.07 + 0.07 0.09 + 0.04 0.05 + 1.53 1.68 + 1.31 1.32 0.00 0.15 + 0.18 0.20 0.10 0.10 0.09 0.09 unch 0.07 0.07 0.05 0.06 0.34 0.35 0.18 0.19 0.00 0.25 0.50 0.53 0.35 0.40 + 0.05 0.05 unch 0.07 0.08 0.07 0.07 0.00 0.04 unch 0.00 0.04 unch 0.09 0.09 unch 0.10 0.11 0.00 0.00 unch 0.08 0.08 unch 0.00 0.06 0.18 0.18 0.00 0.23 0.08 0.08 0.06 0.06 0.70 0.77 + 0.87 0.94 + 5.06 5.12 4.01 4.06 1.52 1.52 + 0.04 0.04 unch 0.05 0.05 unch 0.88 0.90 0.75 0.75 0.09 0.09 unch 2.92 3.07 2.30 2.46 0.18 0.18 unch 0.14 0.15 + 0.11 0.11 0.24 0.25 0.72 0.72 0.00 0.57 0.00 0.04 + 0.16 0.17 0.13 0.14 0.17 0.17 0.21 0.21 -

0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.00 0.01 0.05 0.00 0.01 0.09 0.20 0.01 0.01 0.03 0.01 0.01 0.03 0.11 0.01 0.02 0.02 0.05 0.01 0.01 0.01 0.01 0.69 0.54 0.00 0.05 0.03 0.02 0.00 0.04 0.00 0.00 0.80 0.45 0.01 0.00 0.00 0.01 0.01 0.01 0.11 0.12 0.02 0.01 0.02 0.00 0.01 0.01 0.10 0.02 0.02 0.02 0.03 0.00 0.01 0.04 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.04 0.03 0.19 0.16 0.19 0.00 0.00 0.13 0.07 0.00 0.18 0.11 0.00 0.01 0.01 0.01 0.06 0.10 0.03 0.02 0.00 0.00 0.01

High Low 0.15 1.01 1.33 0.70 0.11 0.15 0.07 0.38 0.45 0.79 0.10 0.15 11.37 15.00 0.43 1.16 1.70 0.15 0.21 1.99 2.43 0.19 2.83 3.35 0.69 0.27 0.22 0.37 0.19 3.40 2.76 2.05 1.25 0.93 0.22 0.30 0.39 0.32 7.00 76.69 57.89 0.11 1.01 1.34 0.12 0.17 0.05 1.65 4.80 0.29 0.36 0.15 0.11 0.20 0.18 2.34 0.40 0.36 1.54 0.78 0.09 0.25 0.18 0.11 0.05 0.20 0.45 0.47 0.12 0.13 0.60 0.80 0.14 0.23 1.22 1.54 9.29 7.02 1.33 0.06 0.08 1.89 1.05 0.96 3.77 2.97 0.25 1.15 0.88 0.30 5.00 1.27 0.00 0.23 0.19 0.23 0.33

0.07 0.36 0.48 0.10 0.01 0.07 0.02 0.05 0.08 0.25 0.04 0.06 6.05 7.78 0.10 0.13 0.17 0.05 0.06 1.00 1.25 0.06 0.95 1.24 0.28 0.10 0.08 0.15 0.11 0.52 0.38 1.50 0.50 0.40 0.10 0.11 0.07 0.10 0.55 44.09 34.85 0.08 0.44 0.55 0.04 0.05 0.00 0.63 0.57 0.11 0.13 0.08 0.06 0.07 0.05 0.36 0.13 0.18 0.48 0.29 0.02 0.07 0.05 0.03 0.04 0.08 0.10 0.00 0.05 0.02 0.18 0.22 0.05 0.06 0.54 0.74 5.06 3.99 0.73 0.01 0.04 0.92 0.75 0.09 0.39 0.30 0.08 0.13 0.10 0.11 0.71 0.01 0.00 0.09 0.06 0.13 0.16

BID-ASK — JULY 19–23, 2021 12-MONTH STOCK

79 Resources Aftermath Silv Alacer Gold Allied Copper AMV Capital Anglo-Bomarc Antler Hill Apex Res Archer Explor Arctic Fox Ven Arcturus Vent Armor Min Asbestos Corp Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Austin Res Avarone Metals Aya Gold Baden Res Banro Corp* Barker Min BC Moly BE Res Bearclaw Cap Black Shield Boss Power Brunswick Res Buffalo Coal Bullet Explor Bullion Gold BWR Explor C2C Gold Cache Explor Cairo Res Camrova Res Canamera Energ Cassius Vents CAVU Mining Centurion Mnls Cerro de Pasc Cerro Mng Cleghorn Min Cliffs Nat Res* Comet Inds Cresval Cap Crystal Peak Discovery-Corp District Mines Duro Metals Earl Res EastCoal Inc Electra Stone Encanto Potash Equitorial Ex Eurotin Everton Res Evolution Glob Excalibur Res Exploits Disc Finore Mng First Idaho

EXC

BID

ASK

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

0.12 0.24 9.41 0.32 0.12 0.08 ... 0.07 0.29 0.16 0.02 0.57 0.67 0.03 0.03 0.33 0.13 0.04 ... 0.09 ... 1.94 0.16 0.11 0.01 0.10 0.01 0.25 0.20 0.17 ... 0.02 0.13 0.06 0.03 ... 0.16 ... ... 0.34 0.05 0.41 ... ... 0.10 0.11 1.45 2.85 0.03 0.01 0.10 0.23 0.13 0.41 0.12 0.01 0.06 0.08 0.02 0.10 1.50 0.09 ... 0.12 0.10

0.12 0.25 9.52 0.54 0.15 0.08 ... 0.11 0.75 0.44 0.03 0.66 0.85 0.03 0.04 0.40 0.14 0.06 ... 0.11 ... 2.19 0.20 0.11 0.01 0.18 0.37 0.33 1.00 0.20 0.05 0.03 0.24 0.15 0.04 ... 0.17 ... 0.06 0.50 0.14 0.44 0.07 ... 0.79 0.12 3.20 3.55 0.04 0.02 0.12 0.26 ... 0.65 0.19 0.02 0.07 0.08 0.02 0.10 3.00 0.10 ... 0.12 0.98

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.25 9.47 0.41 0.12 0.15 0.18 0.10 0.75 0.16 0.03 0.58 0.67 0.03 0.03 0.40 0.14 0.05 0.47 0.09 0.04 2.01 0.17 0.11 0.01 0.08 0.20 0.25 0.15 0.17 0.03 0.03 0.13 0.10 0.03 0.11 0.16 0.37 0.07 0.32 0.07 0.41 0.07 0.29 0.60 0.10 1.43 2.85 0.03 0.01 0.10 0.24 0.24 0.45 0.17 0.01 0.06 0.08 0.02 0.03 2.00 0.10 0.59 0.11 0.10

0.25 0.33 10.82 0.68 0.26

0.10 0.05 3.50 0.15 0.11

0.17 0.75 0.16 0.15 0.97 0.99 0.06 0.04 0.55 0.15 0.05 0.47 0.13 0.15 2.50 0.17 2.10

0.09 0.08 0.16 0.01 0.48 0.46 0.02 0.03 0.22 0.03 0.04 0.42 0.08 0.03 0.82 0.13 0.10

0.09 0.20 0.60 0.15

0.04 0.15 0.10 0.11

0.04 0.45 0.28 0.08 0.15 0.33 0.37

0.01 0.13 0.01 0.02 0.03 0.09 0.37

0.39 0.08 0.50

0.25 0.07 0.10

0.34 0.60 0.15 7.17 3.25 0.16 0.10 0.12 0.40 0.24 0.55 0.17

0.12 0.31 0.07 0.98 2.00 0.02 0.01 0.06 0.12 0.13 0.17 0.09

0.12 0.37 0.06

0.02 0.07 0.01

2.00 0.11 0.62

2.00 0.01 0.13

0.10

0.07

Freedom Egy GAR Limited General Moly* Gentor Res Gespeg Res GFM Res GK Resources Glacier Lake Global Cop Grp GobiMin Golcap Res Goldbelt Emp Goldblock Cap Golden Cariboo Golden Harp GoldHaven Res Goldhills Hldg Goldshore Res Great Lakes Gr Green Arrow Grosvenor Res GrowMax Res Guyana Goldstr Handa Mining HFX Holding Highbury Proj Highvista Gold Hylands Intl I-Minerals Indico Res Inspiration Mg Intact Gold Interconnect Intl Battery Iron South Mng Ivor Explor Jervois Mining Jubilee Gold K9 Gold Karam Min Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Lithium South Logan Res Madeira Mrnls MAG Silver* Mazarin Mega Copper Melior Res Metalore Res Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Minfocus Expl Mongoose Mg Montana Gold Napier Vent Navis Res Corp

EXC

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

BID

0.02 ... ... 0.09 0.06 0.08 0.20 0.26 0.07 0.26 0.16 0.02 0.18 0.10 0.20 ... 0.16 ... 0.05 0.02 0.17 0.04 0.12 0.04 0.04 0.19 ... 0.03 0.03 ... ... 0.06 0.08 ... 0.24 0.33 0.50 0.75 0.17 0.14 0.47 0.05 0.04 0.03 ... ... ... 0.10 0.31 0.25 ... 12.52 0.13 0.14 0.03 2.60 0.12 ... 0.04 ... 0.04 ... 0.09 0.06 ...

ASK

LAST

0.02 ... ... 0.15 0.06 0.15 0.26 0.53 0.08 0.29 0.20 0.02 0.32 0.12 0.50 ... 0.16 375.00 0.05 0.03 0.25 0.04 0.13 0.05 0.09 ... ... 0.05 0.03 0.01 ... 0.08 0.16 ... 0.27 0.38 0.50 0.89 0.24 0.31 0.48 0.06 0.12 0.04 ... ... ... 0.10 0.34 0.25 ... 13.30 0.15 0.33 0.34 3.42 0.50 0.06 0.09 ... 0.05 ... 0.10 ... ...

0.01 0.15 0.11 0.11 0.06 0.12 0.25 0.30 0.08 0.26 0.20 0.02 0.32 0.10 0.20 0.42 0.25 0.11 0.04 0.02 0.17 0.09 0.13 0.04 0.04 0.20 0.17 0.03 0.03 0.01 0.03 0.07 0.10 0.31 0.24 0.35 0.51 0.74 0.24 0.14 0.48 0.05 0.06 0.03 1.09 0.24 0.26 0.11 0.31 0.30 0.03 12.52 0.15 0.14 0.08 2.80 0.12 0.05 0.07 0.12 0.05 0.12 0.10 0.07 0.30

12-MONTH

HIGH

LOW

4.13 100.00 0.11 0.12 0.15 0.30 0.46 0.11 0.37 0.60 0.05 0.32 0.15 0.44 0.45 0.33 1.20

0.13 0.10 0.05 0.06 0.07 0.10 0.20 0.04 0.21 0.08 0.02 0.16 0.02 0.20 0.06 0.08 0.48

0.04 0.20

0.02 0.14

0.40 0.06 0.11 0.30

0.09 0.01 0.04 0.20

0.06 0.06

0.03 0.03

0.12 0.11

0.05 0.07

0.28 0.42 0.61 0.90 0.28 0.30 0.73 0.13 0.09 0.16

0.04 0.21 0.17 0.43 0.16 0.11 0.20 0.04 0.05 0.02

0.27 0.30 0.35 0.66 0.37

0.13 0.17 0.11 0.24 0.08

14.40 0.20 0.29 0.08 3.50 0.15

6.12 0.05 0.10 0.03 2.20 0.07

0.20 0.20 0.10 0.22 0.10 0.08

0.04 0.07 0.04 0.05 0.02 0.06

STOCK

Nebu Res Nevado Res New Klondike New Stratus New Tech Min Newmac Res Nexco Res Nrthn Lion NSJ Gold O2Gold Odyssey Res Ord Mountain Pac Arc Res Pac Imperial Paleo Resource Parallel Mng Patriot Batt Phenom Res Philippine Mtl Plata Latina PPX Mining Primary Energy Prospero Silvr Quinto Res Rackla Metals Rare Element* Reliant Gold Rizal Res Rockland Mnls Ross River Samco Gold Secova Mtls Sennen Potash Shine Minerals Sonora Gld & S Southern Arc Southstone Min Standard Lith Stans Energy Stria Lithium Stuve Gold Supernova Met Taranis Res Three Valley Thunder Mtn Gd Tiger Intl Trench Metals Tri-River Vent Trident Gold TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Venerable Vent Waraba Gold Western Troy C Whitemud Res Winshear Gold Zadar Ventures Zara Res Zinco Mng Zincore Mtls

EXC

BID

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

0.04 0.15 0.01 0.24 0.06 0.09 0.30 0.32 0.16 0.23 0.04 0.20 0.20 0.04 0.02 0.13 0.09 0.68 0.08 0.04 0.04 ... 0.55 0.05 0.47 0.11 ... 0.01 0.07 ... 0.01 0.05 0.01 0.10 0.07 0.32 0.01 6.65 0.01 0.03 0.24 0.05 0.09 0.45 0.09 0.26 0.55 ... 0.10 0.11 ... 0.06 0.10 0.05 0.12 0.19 0.16 0.01 0.12 0.50 ... 0.05 ...

ASK

0.04 0.16 0.01 0.30 0.07 0.26 0.59 0.45 0.17 0.27 0.06 0.20 0.26 0.05 0.03 0.15 0.10 0.71 0.11 0.05 0.05 ... 1.18 0.07 0.47 0.16 0.10 0.02 0.08 0.22 ... 0.06 1.10 0.12 0.07 0.90 0.01 6.95 0.01 0.03 0.42 0.06 0.09 0.47 ... 0.38 0.55 ... 0.14 0.12 ... 0.07 0.10 ... 0.25 0.24 0.23 0.02 0.14 0.50 ... 0.07 0.01

LAST

0.04 0.14 0.01 0.32 0.07 0.29 0.30 0.40 0.17 0.23 0.04 0.20 0.20 0.04 0.03 0.15 0.10 0.69 0.10 0.04 0.04 0.17 0.56 0.08 0.41 0.15 0.02 0.02 0.08 0.26 0.05 0.05 0.45 0.10 0.09 0.89 0.01 6.95 0.01 0.03 0.25 0.06 0.10 0.47 0.12 0.20 0.55 0.04 0.12 0.12 10.24 0.07 0.09 0.10 0.12 0.19 0.16 0.02 0.14 0.30 0.07 0.05 0.05

HIGH

LOW

0.19

0.08

0.62 0.15 0.31 0.40 0.69 0.37 0.37 0.07

0.04 0.05 0.06 0.10 0.30 0.16 0.06 0.04

0.26 0.08 0.04 0.19 0.18 0.76 0.12 0.06 0.10 0.82 1.35 0.08 0.50 0.89

0.15 0.02 0.01 0.13 0.08 0.24 0.04 0.03 0.04 0.16 0.51 0.07 0.14 0.06

0.11

0.01

0.25 0.10 0.93 0.04 6.95

0.09 0.04 0.24 0.01 1.02

0.09 0.55 0.32 0.16 1.02 0.15 0.30 0.22

0.02 0.21 0.05 0.08 0.14 0.11 0.09 0.04

0.12 0.12 11.10 0.13 0.13

0.12 0.03 6.57 0.07 0.04

0.15 0.70 0.32 0.03 0.15 0.31 0.22

0.10 0.10 0.13 0.01 0.05 0.28 0.07

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