The Northern Miner Dec 3 2020 Issue 25 by The Northern Miner Group

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DECEMBER 7—20, 2020 / VOL. 106 ISSUE 25 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Mark Bristow on how to build a business INTERVIEW

| Culture and leadership are core principles at Barrick

BY TRISH SAYWELL

tsaywell@northernminer.com

n an interview in September with Ernst & Young, Barrick Gold’s (TSX: ABX; NYSE: GOLD) CEO Mark Bristow noted that all 37 partners at the company are required to be heavily invested as shareholders, which means they must own stock on a sliding scale up to five times their gross salary before they can realize any stock incentives. The Northern Miner picked up on that discussion recently in an exclusive interview with the mining executive about the history of that philosophy at the company he founded, Randgold Resources, and how he and Barrick’s executive chairman, John Thornton, have institutionalized that thinking at the new Barrick. This is an edited version of that conversation.

TNM: Can you tell me about your philosophy on management and ownership. MARK BRISTOW: There’s a long

history here and it’s an interesting thing you picked up. It goes back a long way. Barrick back in its early days when it was created by Peter Munk and Bob Smith, who was the

Mark Bristow visits geologists at the Kibali mine in the Democratic Republic of Congo.

operator, was a very entrepreneurial company. It did some amazing stuff and built quite quickly, and it was all about ownership, small office,

corporate decisions made with real knowledge of the assets, etcetera and so it was run by owners even then, and they created wealth. When I set up Randgold as a private company in 1994, we set out to build a real, what I call sustainably profitable mining business, which is a bit of an oxymoron, and definitely was back then. I started it with a single employee and my team, which is still part of the now merged team, most of those people grew with me and were naturally owners. Barrick went off-piste a little bit over the last while, certainly around the last big gold market, and when John Thornton took over the reins, he introduced a “back to the future” strategy — that’s what he used to call it — to try to get Barrick back to where it came from. And core to that, coming from Goldman Sachs, John introduced a policy of forced ownership all the time you were employed at Barrick. That can be a good thing and can also be bad because you’re creating value and you can’t access any portion of the value you’re creating. But up until 2018, when I took over the reins, it was probably a good thing because it forced people to focus on business as owners. One of the things it did was to deal with debt and crises by sweating the assets, unlike many other resource companies that were managed by the over-exuberance of the last peak gold price and then

BARRICK GOLD

ended up issuing more equity to solve the problem. TNM: Can you tell me more about

how you set that up at Randgold?

BRISTOW: For me, that concept of ownership and entrepreneurship was really a base that we started out with at Randgold. Our remuneration at Randgold, salary wise, was low down in the quartiles, it wasn’t at the top end of the market, but the equity incentives were high and even then, we had to keep stock. It was a five-year process before you could access your long-term stock incentives, and that built ownership. So when we put the companies together, John had introduced this concept of a partnership idea, and at Randgold I always had had a longterm equity incentive program that went very deep into the organization. So what I did was marry the Barrick concept of ownership with Randgold’s concept of ownership, and what we settled on was that even John, as chairman, has to continue to own at least four times his salary in stock. We had these same rules at Randgold and I have to own ten times my salary in stock. Of course John owns 30 times his salary in stock at the current share price, and I own over 90 times. So what we did then together with our remuneration committee, was we restructured it. We’ve got 37 partners

NORTHERN DYNASTY DENIED KEY PERMITS FOR PEBBLE / 3

and they are expected to have up to five times their gross salary in Barrick shares or the equivalent of shares. One thing Barrick does which is unique, See BRISTOW / 6 PM40069240

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DECEMBER 7—20, 2020 / THE NORTHERN MINER

Global Cybersecurity should be part of corporate culture, EY panel says GMS

| Mining companies need to develop strategies to protect themselves

BY CARL A. WILLIAMS

cwilliams@northernminer.com

panel of cybersecurity experts from across the industry kicked off the Global Mining Symposium in mid-November with a discussion of how mining companies can build cybersecurityresilience into their operations. Yogen Appalraju, a partner and cybersecurity leader at Ernst & Young Canada, moderated the panel, which consisted of Chandra Majumdar, Ernst & Young’s cyber threat management leader, David Rae, president and CEO of Dundee Precious Metals (TSX: DPM), and Effie Simanikas, Iamgold’s (TSX: IMG; NYSE: IAG) vice president, operations, finance and information technology. Appalarju opened the discussion by asking Majumdar about the most

critical cybersecurity threats facing the mining industry. “The most common one we see is where the attacker compromises someone’s credentials and uses their email to send instructions to a thirdparty to change banking information for whatever reason,” Majumdar said. That type of attack is called a business email compromise and will increase as more mining companies start using the cloud to store information, Majumdar said, adding that mining companies and vendors can be affected. Often mining companies can end up paying bills to the wrong account, he explained. Ransomware is the second most prevalent cybersecurity threat. It occurs when the attacker holds the company’s data hostage to extort money, and has rapidly increased over the past few years, Majumdar said.

Ransomware isn’t confined to IT systems, he added, and can also target operational technologies such as plant, equipment, and machinery and the systems used to monitor and control them, preventing companies from conducting their operations. The third type of attack, although uncommon, is where a mining company merges with another organization or sells off its mine sites, he said. “The intermediary that is negotiating the sale or purchase of the asset or assets is targeted as the information they possess, such as the terms of the bid, could allow an adversary critical information and gain an upper hand in any negotiations.” The discussion then turned to how companies can develop effective strategies to protect themselves from these See GMS / 16

John McConnell (above), president and CEO of Victoria Gold, and Alisha Hiyate (below), editor-in-chief of the Canadian Mining Journal. TNM

John McConnell on starting a mine in the middle of a pandemic | Victoria Gold began production at the Eagle mine in July INTERVIEW

BY CARL A. WILLIAMS cwilliams@northernminer.com

ictoria Gold (TSXV: VGCX) commenced production at its Eagle heap-leach mine in the Yukon on July 1 – perhaps the only new gold mine in the world to launch in the midst of a global health crisis. “It’s going reasonably well, but if I had my druthers, then we wouldn’t be ramping-up a new gold mine during a pandemic,” John McConnell, Victoria Gold’s president and chief executive, said during The Northern Miner’s Global Mining Symposium in November. In an interview with Alisha Hiyate, editor-in-chief of the Canadian Mining Journal, McConnell said the company was able to keep everything on track despite the disruptions. “We worked closely with the territorial government to ensure that we could maintain operations and put in a lot of protocols around social distancing on the job,” McConnell said. The company also switched its fly-in rotation schedule from two-weeks in/two-weeks out to four-weeks in/four-weeks out and now uses charter flights instead of scheduled flights. The most challenging aspect was the closure of the Yukon border, which meant that anybody arriving from outside the territory had to self-isolate for two weeks in Whitehorse, McConnell said. However, a bubble was opened for the Yukon and B.C. on July 1, which helped significantly as about 35% of the company’s employees come from British Columbia. (In full operation, the mine will employ 350 to 400 people, about 25% of whom would come from First Nations communities.)

Like most other companies, Victoria Gold also had to rely on Zoom calls. “When you’re ramping-up, you really need support from vendors, and from March to June, we had no vendor support on-site because all of the vendors are located across the country and into the U.S.,” McConnell said. “So there were a lot of Zoom calls trying to trouble-shoot various aspects of the operation.” In addition, Victoria Gold was able to work with government officials and the chief medical officer for the Yukon to develop protocols that would keep everybody safe and healthy at work, McConnell said, to “ensure that the communities were kept safe.” Disruptions from Covid-19 put Victoria Gold about 10% behind schedule, McConnell told Hiyate, but the company has now caught up and is in good shape for the first full year of production in 2021. At full capacity, the Eagle mine should produce about 200,000 oz. gold per year at all-in sustaining costs (AISCs) of US$774 per ounce. McConnell described his first trip to the area in 2008. One of the company’s board members at the time, Hugh Agro, “suggested that we look at the Eagle deposit as he felt it had a lot of similar characteristics to Kinross Gold’s Fort Knox mine in Alaska,” McConnell said. Both are located in the Tintina belt of rocks that run through the Yukon and into Alaska, and the geologies of both deposits are almost identical, according to McConnell. “Geologists looking at core drill samples from the two deposits probably wouldn’t be able to tell them apart.” At the time, the project was owned by StrataGold, which Victoria Gold See INTERVIEW / 5

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 7—20, 2020

Application for Federal environmental permits denied to Pebble project ALASKA BY AMANDA STUTT

MINING.com

orthern Dynasty (TSX: NDM; NYSE: NAK) announced last week that its 100%-owned, U.S.-based subsidiary Pebble Limited Partnership, received formal notification from the U.S. Army Corps of Engineers (USACE) that its application for permits under the Clean Water Act and other federal statutes have been denied. The lead federal regulator found Pebble’s “compensatory mitigation plan” submitted earlier in November to be “non-compliant” and that the project is “not in the public interest.” The Washington Post cited a statement by Colonel Damon Delarosa, commander of the U.S. Army Corps of Engineers in Alaska, who said that the proposed project did not have an adequate plan to handle waste that it produced. Northern Dynasty called the decision “politically motivated” and intends to launch an administrative appeal of the decision within the 60-day window available to it. The company also said the decision is fundamentally unsupported by the administrative record as developed by the USACE through the Environmental Impact Statement (EIS) process for the Pebble project. If permitted, Pebble would be North America’s largest mine, with measured and indicated resources of 6.5 billion tonnes containing 57 billion pounds of copper, 71 million ounces of gold, 3.4 billion pounds of molybdenum and 345 million silver ounces. Pebble’s permitting process has been surrounded by controversy and delays. Pebble faced environmental opposition from the onset as the mine would be near the world’s

| Company intends to launch administrative appeal

The mining camp at Northern Dynasty’s Pebble project in 2011.

largest commercial sockeye salmonproducing region, and doubts surrounding the project rose steadily over recent months. News of the decision on Nov. 25 sent Northern Dynasty’s Torontolisted shares plummeting by 51.4% or 54¢ to close at 58¢ on a trading volume of 19.3 million shares. At presstime Northern Dynasty was trading at 48¢ per share. Andrew Mikitchook, a mining analyst at BMO Capital Markets, reiterated his ‘Outperform’ (Speculative) rating on the company and removed his target price on the stock as the

JSEAR | FLICKR

company starts the appeal process. “This surprise about-turn comes after a positive Final EIS was issued in July 2020,” he wrote in a research note to clients, noting that Pebble “remains one of the largest accumulations of both copper and gold globally.” “Northern Dynasty still has further recourse and we will monitor their progress,” he noted. “In our opinion, there could eventually be the right combination of a development plan and social acceptance to allow the project to move forward be it in the near-term or later.” Mike Kozak of Cantor Fitzgerald

wrote in a research note that he has placed his target and rating on the company under review for the time being. The analyst’s previous target price was $2.50 per share and he had a ‘Speculative Buy’ rating on the company “on the expectation that the Compensatory Mitigation Plan put forth by Pebble would be acceptable to the Corps and ultimately a positive Record of Decision (ROD) would be issued, particularly given the fact that the FEIS was supportive. This has proven to be incorrect.” Kozak also raised the question whether the U.S. presidential election

had an impact on the decision. “We have long held the view that it was imperative for Northern Dynasty to receive a positive ROD ahead of the November U.S. election,” he wrote in his Nov. 27 research note. “The delay resulting from the Corps request for Compensatory Mitigation pushed the ROD beyond the election, and we note that the Biden Administration is on the record opposing the Pebble project.” TNM An earlier version of this article first appeared on MINING.com, part of Glacier Resource Innovation Group.

Azarga secures major permit for Dewey Burdock uranium project URANIUM

BY CECILIA JAMASMIE

MINING.COM

zarga Uranium (TSXV: AZZ; US-OTC: AZZUF) has moved closer to mining at its Dewey Burdock in-situ recovery uranium project in South Dakota, after the U.S. Environmental Protection Agency (EPA) granted the company the second of three key permits needed. The company has already secured approval from the U.S. Nuclear Regulatory Commission. The EPA’s approval comes “at a time when the uranium market remains in a structural deficit and the United States government has shown historic bipartisan support for the uranium sector,” Blake Steele, Azarga’s CEO, stated in a press release. Steele said the company will now move to finalize the state permitting process. The third and remaining major regulatory agency approval is required by the South Dakota Department of Environment and Natural Resources, whose staff have already recommended the approval of the key state permits. Colin Healey, who covers the company for Haywood Securities, noted the EPA permit is a milestone. “With full Federal-level permitting complete

| EPA grants approval for South Dakota project

Azarga significantly de-risks its position as the next potential U.S. uranium producer and increases its attractiveness as an M&A tuck-in candidate as it puts major impediments and milestones behind it,” the mining analyst commented in a research note to clients. “With its low up-front project capex hurdle of sub US$32 million and low-cost production profile, a ‘fully permitted’ Azarga would make a great acquisition target for any of the domestic ISR producers, looking to expand their near-term production pipeline as Azarga shifts its focus to final State permits.” The Dewey Burdock project is forecast to produce 14.3 million pounds of U3O8 over its 16 years of production. Initial capital expenditures are estimated at US$31.7 million and projected cash flows of the project are expected to be positive in the second year of production, two years after the commencement of construction. Those estimates were based on a US$55 per pound sales price, but the uranium spot price is sitting below US$30 per pound and analysts at RBC Capital Markets recently lowered their long-term expected price from US$65 per pound to US$50 per pound. Uranium production in the U.S.

has been on a steady decline since the early 1980s as its nuclear power plant operators replaced domestic supply with less expensive imports. About 90% of the uranium fuel used today in U.S. reactors is imported, official figures show. Last year, the country produced around 174,000 pounds of uranium, the lowest annual total in more than 70 years. On Nov. 20, the Senate released drafts of 2021 funding that allocate US$150 million for the U.S. Uranium Reserve. If passed, the measure would enable the Department of Energy to invest in the sector and so stimulate domestic industry growth. In addition to Dewey Burdock, Azarga also has uranium projects in Wyoming, Colorado and Utah. Haywood’s Healey noted that Azarga remains one of his top picks in the space and said he views the current share price of 19¢ “as a great entry point in a rising uranium price environment.” “Azarga shares have rebounded significantly (+171%) from the late March lows that spared almost no one,” he wrote in his research note to clients. “We still see significant upside from the current level as short term uranium price indicators continue to move positively on a multi-

week basis.” Healey pointed out that the uranium market “was already in primary supply deficit before Covid and the major production cuts which have taken place in response will accelerate the absorption of excess inventory accumulated through years of oversupply.” “The longer major production

centres remain off-line, the more the fundamental supply/demand picture improves,” he continued. “In addition, the positive statements within the US Nuclear Fuel Working Group report regarding recommendations that would support a robust domestic uranium mining industry in the U.S., could further lubricate Azarga’s path to production.” TNM

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Biden, Yellen and Sino-US relations EDITORIAL

| The incoming administration faces enormous challenges

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com STAFF REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com ONLINE EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: US$120.00 one year Foreign: US$157.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

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ast week U.S. President-elect Joseph R. Biden Jr. named his first round of cabinet nominations, choosing Janet Yellen as his Treasury secretary. If confirmed, Yellen will be the first woman to head the treasury department in its 231-year history. Yellen is well qualified for the job with BY TRISH SAYWELL roughly thirty years of policy making under tsaywell@northernminer.com her belt. She was chairwoman of the U.S. Federal Reserve from 2014 to 2018, and the first woman to hold that position. Prior to that, she served as Fed vicechairwoman (2010-2014); was president of the Federal Reserve Bank of San Francisco (2004-2010); and headed the White House Council of Economic Advisers during the Clinton administration (1997-1999). She also served as a Fed governor (1994-1997). The labour economist has a doctorate in economics from Yale University and an undergraduate degree in economics from Brown University. (She is married to George Akerlof, who received the Nobel Prize in economics in 2001.) Henry M. Paulson Jr., a former Treasury secretary under President George W. Bush, praised Biden’s choice, and was quoted in The New York Times as saying that Yellen “will have a tough job ahead of her, but she has the experience, talent, credibility and relationships with members of Congress on both sides of the aisle to make a real difference.” Yellen will have an enormous challenge reconstructing the U.S. economy during a pandemic that has yet to be brought under control and has left millions unemployed. She has already signalled her support for more fiscal stimulus measures and deficit-financed government spending. In an interview in September with The Wall Street Journal, Yellen made her views clear: “‘This is not a good time to have fiscal policy switch from being accommodative to creating a drag,’” she said. “‘That’s what happened [last decade], and it retarded the recovery.’” Her biggest concerns, if confirmed, will be spending and debt (the federal budget deficit hit US$3.1 trillion in the year ended Sept. 30). “The question for Ms. Yellen is how far to push U.S. borrowing,” a reporter at The Wall Street Journal reported on Nov. 24. “As Treasury secretary one of her main jobs would be to raise the money that funds the government. That comes mainly through changes in tax policy or increased borrowing.” If the past is any guide, she also believes in holding interest rates down to support economic growth and employment. When she served as Fed vice-chairwoman under then Fed chairman Ben Bernanke, the central bank kept short-term interest rates near zero, and as Fed chairwoman, Yellen kept rates near zero until late in 2015, before raising them gradually. Traditionally she has also supported greater financial regulation and bank supervision, and is a believer in carbon taxes to fight climate change. Among her other challenges will be Washington’s relationship with Beijing. In a trip to Hong Kong in January, she acknowledged that the U.S. has “very difficult issues that lie ahead” with China. During the election campaign, Biden called Chinese President Xi Jinping a “thug” and in an essay he wrote for the March/April issue of Foreign Affairs, described China as “a special challenge.” “China is playing the long game by extending its global reach, promoting its own political model, and investing in the technologies of the future,” Biden wrote. “The United States does need to get tough with China. If China has its way, it will keep robbing the United States and American companies of their technology and intellectual property. It will also keep using subsidies to give its state-owned enterprises an unfair advantage — and a leg-up on dominating the technologies and industries of the future.” Biden outlined in his essay the need to compete in the strategic race for global economic and technological leadership — given China’s rise and growing might as the world’s second-largest economy. “To win the competition for the future against China or anyone else, the United States must sharpen its innovative edge and unite the economic might of democracies around the world to counter abusive economic practices and reduce inequality,” he wrote. “There is no reason we should be falling behind China or anyone else when it comes to clean energy, quantum computing, artificial intelligence, 5G, high-speed rail, or the race to end cancer as we know it.” For its part, China waited several days before congratulating Biden on his victory, even after years of toxic confrontations over tariffs and technology under President Donald Trump, suggesting Beijing doesn’t believe Biden will be much easier to deal with than his predecessor. Despite Biden’s tough words on China, expectations that tensions will continue, and uncertainty whether the incoming president will roll back some of Trump’s China tariffs, many are still hopeful that the tone of the relationship will improve and become less erratic as the U.S. president-elect seeks to cooperate with Beijing on issues about which the two countries can find common ground — such as global warming, public health, and the dangers of nuclear proliferation in countries like North Korea and Iran. If nothing else, a more measured approach by Biden will go a long way in stabilizing the relationship and making it more coherent. For now, however, Biden’s immediate priority will be bringing the pandemic under control and, with colleagues like Yellen at his side, help rebuild the country’s damaged economy. TNM

DEPARTMENTS Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Metal Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 Professional Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 Stock Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18-23

THE VIEW FROM ENGLAND

Time for a mining miracle COMMENTARY

| The feast day of the patron saint of mining is approaching

BY DR. CHRIS HINDE Special to The Northern Miner

speak mining, and have done so for over 45 years. For most of that time I have defended the industry from those ignorant or ill-informed of our activities. I have stressed that the occasional mine accident or dam failure was the exception that proved the general rule. We are, I said, diligent, committed to safety and better than the media paints us (and this is coming from someone who became a teenager one month before the Aberfan disaster of 1966 when a Welsh coal tip collapsed and killed 116 children). I have reminded the seemingly ignorant or ill-informed that we are one of the three primary industries (the others being, of course, farming and fishing). I have stressed that the direct use of natural resources has been crucial in the economic growth of most developed nations, and that the exceptions to this rule can be counted on your fingers (they include Luxembourg, Monaco and Vatican City). It is an uphill battle, and mining remains widely unappreciated. For example, poll your average European taxi driver for a list of primary industries, and very few are likely to mention mining (the more enlightened might guess steel- or brick-making). Hardly any of them will be able to name a leading mining company (although this experience might be diﬀerent in Canada). Moreover, I am changing my mind about defending our industry. There has been a spate of mining horror stories in the past few years, including fatal dam failures at Vale’s Córrego do Feijão iron ore mine in January 2019 and at the Hpakant jade mine in July this year. The former killed 270 people near Brumadinho in Brazil, and the latter killed at least 160 people in Kachin State, Myanmar. This May, Rio Tinto destroyed sacred Aboriginal sites in Western Australia’s Juukan Gorge. Yes, four months later the company’s CEO, Jean-Sébastien Jacques, and two other senior executives resigned, but this was too little, too late. To make any difference to public opinion, Mr. Jacques, plus a whole swathe of senior managers and most of the board, should have gone before the dust had settled from the explosion. Why did subordinates not question the decision? Have directors stopped testing executive strategies? And where was the outcry for sackings

from our institutions that have a duty of care to the global mining industry? Notwithstanding these calamities, most individuals and companies continue to do what is expected of them, and often surpass it, but at the industry level we are simply hopeless. Our national and international associations have the right aspirations (witness the release in August of the first ever Global Standard on Tailings Management) but they have neither the bark nor bite to make a diﬀerence. Crucially, our industry’s leaders are far too involved at the corporate level to address the bigger picture. These executives have left mining in need of a miracle. It would be timely as Friday, Dec. 4 is the feast day of Saint Barbara, who is the patron saint of artillerymen, military engineers and miners. Our patron saint is taken seriously in Europe, and many tunnel-construction sites in mainland Europe still observe the feast day. Saint Barbara was an early Christian martyr, with accounts placing her in third century Nicomedia, in present-day Turkey, or in Heliopolis, present-day Lebanon. However, there is no reference to her in early Christian writings, and, because of doubts about the authenticity of her legend, she was removed from the general Roman calendar in the 1969 revision, although not from the Catholic Church’s list of saints. According to legend, Barbara was the beautiful daughter of a rich pagan named Dioscorus, who kept her locked in a tower to preserve her from the outside world. Having secretly become a Christian, she escaped. The legends diverge at this point, although the most persuasive, at least for mining engineers, is that she hid in a silver mine. Unfortunately, Barbara was beheaded by her father when she emerged. Dioscorus was promptly struck dead by lightening, and this association with lightning has caused Saint Barbara to be invoked against fire and explosions. Less obviously, she is also the patron saint of mathematicians and the Italian navy. I suspect that mining needs Saint Barbara rather more at the moment than mathematicians and the Italian navy. It is 54 years since Aberfan, and dam failures are still killing people. Enough already, enough.. 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.

Statue of Saint Barbara at the entrance to a mine tunnel. ISTOCK/IGOR11105

COMPANY INDEX Alamos Gold . . . . . . . . . . . . . . . . . . . . . . . 11 Alexco Resource . . . . . . . . . . . . . . . . . . . . . 7 Argonaut Gold . . . . . . . . . . . . . . . . . . . . . . 11 Azarga Uranium . . . . . . . . . . . . . . . . . . . . . 3 B2Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Barrick Gold. . . . . . . . . . . . . . . . . . . . . 1,6,14 Bluestone Resources . . . . . . . . . . . . . . . . . 10 Caldas Gold . . . . . . . . . . . . . . . . . . . . . . . . 15 Canada Nickel . . . . . . . . . . . . . . . . . . . . . . 11 Constantine Metal Resources . . . . . . . . . . . 7 Dundee Precious Metals . . . . . . . . . . . . 2,16 Endeavour Mining . . . . . . . . . . . . . . . . . . . 15 Equinox Gold . . . . . . . . . . . . . . . . . . . . . . . 15 Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Gran Colombia Gold . . . . . . . . . . . . . . . . . 15 HighGold Mining . . . . . . . . . . . . . . . . . 7,16 Hochschild Mining . . . . . . . . . . . . . . . . . . 14 Hudbay Minerals . . . . . . . . . . . . . . . . . . . . 15 Iamgold . . . . . . . . . . . . . . . . . . . . . . . . . 2,9,16 Imperial Metals . . . . . . . . . . . . . . . . . . . . . 14 Komet Resources . . . . . . . . . . . . . . . . . . . . . 9

Marathon Gold . . . . . . . . . . . . . . . .11,12,14 Max Resource . . . . . . . . . . . . . . . . . . . . . . . 12 New Found Gold . . . . . . . . . . . . . . . . . . . . 14 Northern Dynasty . . . . . . . . . . . . . . . . . . . . 3 O3 Mining . . . . . . . . . . . . . . . . . . . . . . . 9,10 Oklo Resources . . . . . . . . . . . . . . . . . . . . . . 9 Osisko Gold Royalties . . . . . . . . . . . . . . . . . 5 Osisko Mining . . . . . . . . . . . . . . . . . . . . . . 10 Roscan Gold . . . . . . . . . . . . . . . . . . . . . . 9,10 Roxgold. . . . . . . . . . . . . . . . . . . . . . . . . 12,13 Sandstorm Gold Royalties. . . . . . . . . . . . . 16 Sierra Metals . . . . . . . . . . . . . . . . . . . . . . . . 8 Skeena Resources . . . . . . . . . . . . . . . . . 13,14 Sokoman Minerals . . . . . . . . . . . . . . . . . . . 14 Solaris Resources . . . . . . . . . . . . . . . . . . . . . 8 Surge Copper . . . . . . . . . . . . . . . . . . . . . . . 14 Teck Resources . . . . . . . . . . . . . . . . . . . . . . . 8 Vale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Victoria Gold . . . . . . . . . . . . . . . . . . . . . . 2,5 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . . 15

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 7—20, 2020

Brazilian state rejects Vale’s US$4B offer for dam disaster ENVIRONMENT

| Company continues to face legal action stemming from 2019 tailings dam collapse

BY CECILIA JAMASMIE

MINING.COM

he head of the Brazilian state of Minas Gerais, where Vale’s (NYSE: VALE) Brumadinho dam collapsed in January 2019 leaving 270 people dead, has rejected the miner’s proposed settlement of around 21 billion reais (US$3.97 billion). Minas Gerais’ Secretary General Mateus Simoes told local paper Isto e Dinhero the state opposed both the amount and some of the terms offered by Vale. According to Simoes, the amount offered does not even cover the material damages caused by the accident, which the state estimates at 26 billion reais (US$4.9 billion). Minas Gerais is requesting 54.6 billion reais (US$10.3 billion) in compensation, a figure that includes relocation and for the psychological damage suffered by survivors and the victims’ families. A new meeting has been scheduled for Dec. 9, and will focus on terms, rather than values, Simoes noted. The Córrego do Feijão mine’s tail-

INTERVIEW From 2

acquired in 2009. In 2018, Victoria Gold entered into a $505 million construction financing package with Orion Mine Finance, Osisko Gold Royalties (TSX: OR; NYSE: OR), and Caterpillar Financial Services. In addition to starting a mine in the middle of a pandemic, working in the Yukon presented its own unique set of difficulties, not least the weather. “There are challenges dealing with cold weather, and I always say that ‘Murphy’s [law is] alive and well in the mining business and he spends a lot of time north of 60 [degrees],’” he said. “If a pipe breaks in Mexico, you just fix it. If a pipe breaks in the Arctic, you’ve got a big popsicle.” Soon after joining the company and moving to the Yukon, McConnell met and married his wife, Tara Christie. “I often refer to CEOs that live in Vancouver or Toronto as seagulls,” he said. “They fly in, they eat, they shit, and then fly out again, but I’m not that kind of CEO. When I was with DeBeers, I moved to Yellowknife. It’s essential to have that personal interaction with politicians, regulators, and bureaucrats, and for them to know that you are part of their community.” McConnell said that being active in the community and getting to know people is key, pointing out that his family spends the summer at a property it owns in Mayo, a village in the Yukon about 400 km north of Whitehorse. The mining executive also talked about maintaining close ties with the local First Nations and how he developed a productive relationship with the Na-Cho Nyak Dun First Nation and its chief Simon Mervyn. McConnell said the two have become good friends, and recalled the first time they met. “I phoned him and introduced myself as the new chief executive of Victoria Gold and asked if I could buy him lunch,” McConnell recalled. “We met for lunch and as soon as we sat down, he asked ‘what do you want?’ and I replied by saying, ‘nothing, I just wanted to buy you lunch and get to

A geotechnical monitoring centre in Minas Gerais.

ings dam collapse, the deadliest in Brazil’s mining history, cost former chief executive Fabio Schvartsman his job. It also triggered a global inquiry into the status of 726 tailing dams. The International Council on Min-

know you a little and to understand the issues facing the community.’” Noting that Eagle is a heap-leach mine, Hiyate asked McConnell to comment on any environmental concerns that the Na-Cho Nyak Dun had around the use of cyanide at the mine, and how the company was able to ease their concerns. McConnell said one way the company dealt with the issue was by taking regulators and community members to Alaska to visit Kinross Gold’s Fort Knox mine. “Once they had seen a large mining operation that also uses cyanide, we were able to show that it was safe to use, and this relieved their fears.” In 2012, Victoria Gold started a charity called ‘Every Student. Everyday’ to improve student attendance at schools in the Yukon. McConnell said that the charity was a “little self-serving,” as the company’s future employees will likely be Yukoners and the move was partly an attempt to improve the territory’s high rate of absenteeism and ensure that children remain in school. Seed money came from Victoria Gold, he said, and his wife manages the charity. Looking ahead, McConnell described Victoria Gold’s plans for Eagle and its exploration upside. “The company owns a large landholding in the Yukon, and it’s only in the last three years that we started stepping-out from Eagle to look at the regional potential,” he said. “We’ve identified around 12 or 13 targets for further exploration.” Victoria Gold is now focused on an area about 13 km east of Eagle called Nugget, which McConnell said is another sizeable granodiorite intrusive with similar geological characteristics to the Eagle intrusive. The company trenched and drilled several preliminary holes in the area last year and drilled 35 holes this summer, which led to a new discovery at Nugget that contains many multiplegram intercepts. “It’s early days at Nugget, and we’ve got lots of work to do,” McConnell said, “but it looks like there could be another Eagle-type deposit out to the east of Eagle.” TNM

ing and Metals (ICMM), a Londonbased industry group representing 27 major mining companies, formed an independent panel of experts in charge of developing global standards for tailings facilities. The Church of England, which

VALE

invests in mining companies through its pensions for retired clergy, along with its partners, launched a global inquiry in April 2019 into the mining waste storage systems of more than 700 resources companies. It now asks companies to disclose data

on tailings dams on a regular basis. In other news, Vale said on Nov. 18 that it had increased security and evacuated 34 residents close to its Norte-Laranjeiras dam as a preventative measure. The company said the measure would have no impact on production at the Brucutu iron ore mine, one of the country’s largest. Vale, the world’s largest iron ore producer, is still facing legal action over the deadly accident at Brumadinho, including allegations that the miner was aware of the dam’s unstable condition years before the accident happened. Switzerland-based Responsible Mining Foundation (RMF) published a study in early April showing that investor-led action had resulted in improved transparency regarding the state of such facilities. The vast majority of miners, however, have yet to demonstrate they are reviewing how they effectively manage tailings-related risks.. TNM — This article first appeared in MINING. com, part of Glacier Resource Innovation Group.

Glencore heads for collision with Australia’s sacred sites authority over McArthur River expansion ZINC

| Approval granted to double the size of the mine

Haul trucks in Australia.

BY CECILIA JAMASMIE

MINING.COM

lencore (LSE: GLEN) has been given the green light to expand its McArthur River zinc mine in Australia’s Northern Territory against the advice of the state’s own sacred sites authority, which says it has not cleared the plan yet. The state government’s approval would allow Glencore to double the size of the mine, extending McArthur River’s productive life until 2048. It also secures the jobs of about 1100 employees and contractors, the state said. As part of the permit, Glencore must comply with all relevant legislative requirements and conditions of authorization, including those relating to the Northern Territory Aboriginal Sacred Sites Act 1989. Under Northern Territory law, companies must have permission from the Aboriginal Areas Protection Authority (AAPA) before they can alter or remove any sacred site. The authority noted on Nov. 19 that it had previously rejected the company’s application for a certificate. It also requested more consultation with traditional owners in regard to potential damage to sacred and heritage sites. AAPA said Glencore’s appeal against that decision was still with the state government and the announcement of the plan’s approval was concerning.

GLENCORE

“It was very sad for us — we have given [Glencore] a lot of chances to work with us but they haven’t done it,” AAPA chairman Bobby Nunggamajbarr said in an emailed statement. Glencore has waited for the expansion’s final approval since 2018, when the Northern Territory’s Environment Protection Authority (EPA) found sacred sites could be damaged by the mine’s expansion, but recommended its approval on the basis that the risk of further environmental damage would be higher if the miner left the site. Operating since 1995, McArthur is one of the world’s largest zinc mines. Last year, it contributed more than A$550 million (US$400 million) to the local economy. McArthur River produced 271,200 tonnes of zinc, 55,300 tonnes of lead and 1.67 million ounces of silver in 2019. The mine lies in the Gulf region, the traditional home of the Yanyuwa, Gudanji, Mara and Garawa peoples. The remote pocket of northern Australia is far from the Northern Territory’s urban centres, but about an hour’s drive from the mine is the small, majority-Aboriginal town of Borroloola, which straddles the McArthur River. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group.

WWW.NORTHERNMINER.COM

DECEMBER 7—20, 2020 / THE NORTHERN MINER

BRISTOW From 1

is we don’t issue shares to our executives, we buy them in the market and then we allocate them, whereas a lot of companies issue shares which dilutes your shareholders. TNM: What about for other Bar-

rick employees who aren’t named partners?

BRISTOW: When you look beyond

the named partners that we disclose in our annual information circular, there’s a sliding scale of stock ownership requirements for non-executive partners of between 1.5 times and 2.5 times their gross salary and for executive partners of between 2.5 and 5 times. So when you get appointed and join the partnership, you are obliged then to hold onto the shares you earn over time, until you get to your respective share ownership requirement and if the share price goes down, then you’ve got to make that up again. So it’s completely aligned with our public shareholders. TNM: Can you elaborate on the cul-

ture at Barrick?

BRISTOW: I genuinely believe that

our culture is even more important than strategy. In all the companies I’ve run, we’ve invested in our executives to teach them how to be executives, strong internal and external programs on executive development, to understand strategy, global human resource concepts, the importance of licence to operate. At Randgold, nobody had not been to business school. And then integral to this and the partnership structure, is that you can lose your partnership in the current Barrick if you don’t fulfil the obligations of partner. Whether you are an executive or not, you can lose that ranking, so you lose that benefit. TNM: How do you look at leadership?

BRISTOW: We look at leadership differently. If we have a very strong, motivated, rising star in our organization, they will be brought up in the organization even though they may be relatively junior in their executive skew. To be able to make it work, it’s very important that we reach down into the organization. People talk about succession so often. We cascade that succession review upwards rather than downwards, so we start with recognizing that we want to employ people with significant ability, and the gold industry and the mining industry in general doesn’t get that right. Because of the unloved status of the industry, we tend to employ people at the back of the queue and we’ve changed that at Barrick. If you have the best people, your business immediately has a competitive advantage. So as a young graduate, you go through a series of processes starting with technical and behavioural training, then a best in class approach developing finance and commercial abilities, because even though you might be an engineer, our decisions come in dollops of millions of dollars, and so few people are properly equipped to make those decisions. And then we have executives and management development programs. We have to start right at the beginning, with young metallurgists, engineers, geologists, they go through certain programs and work through our various parts of the business and again you get keepers. People invest a lot of their heart and soul in developing that broader based skill-set. TNM: How do demographics play

into your strategic thinking?

BRISTOW: Things like demograph-

ics are big, too. At Randgold we were able to demonstrate that you can build world-class businesses in Africa with local people. The mining industry so often brags about how many locals they hire. In Mali

Rodney David Lamond

Barrick Gold CEO Mark Bristow (left) and North America chief operating officer Catherine Raw (centre) on a site visit to the company’s Hemlo operation in northern Ontario. BARRICK GOLD Inset: Mark Bristow, president and CEO of Barrick Gold. BARRICK GOLD

at our Loulo-Gounkoto complex, it’s all Malian run, and it’s been running for 15 years, so it doesn’t take an age to develop competent executives. The other part of it is this whole concept of female employees. This quota system, and people brag about it. But what we want is the best, and if you just do the math, if you just focus on men, you’re losing a whole lot of very remarkable people in the labour pool. For a woman to want to be part of the big organization that is engineering-heavy like mining, you’ve got to have motivation. TNM: Can you give us some statistics? BRISTOW: It’s interesting that in

North America, 16% of our employees are women, but when you look at new hires in the first three quarters of 2020, 26% of them were women. And that’s going right to the core of the problem. We’re going to employ smart people and when you do that, it happens to increase your percentage of women. It’s not a surprise.

When I was in Africa some companies brought all these expats in and put a fence up, but what I found is that Africa’s intellectual curve was intact because so many smart people were trapped by poverty, or lack of education or opportunity, and if you take them to an international university they learn much faster than anyone else. And if you look at Latam and Asia Pacific, our hiring rate for women was 22% in the first three quarters of 2020 from a base of 10% women in the regional workforce. The other thing is our student and emerging talent programs have been successful in enrolling women ranging between 33%-49% of our sponsored positions. I’ve always said if you want to be world class you have to be global, and if you’re going to be global, your demographics and the whole team have to be structured so that I can take somebody who really understands the culture and make them a country manager. If you put a white European or American in as a country manager in Tanzania

you’d be toast. If you put a top legal/ public relations lobbyist in Tanzania to head up your business in Tanzania, you’re in a completely different league and that has cascaded down, and those people are all owners. TNM: Having your employees feel

like they have ownership in the company has been very important to you. BRISTOW: I always say I want peo-

ple to act like owners. What if an engineer has to make a decision about buying a $20 million mill? If someone buys a car, how much energy do they put into the decision? Or a house? How much analysis do you do? People in this industry just go and buy things, but if it’s theirs, they would have a completely different approach. So that’s what I try to engineer in every day executive activity is that our people are owners, and that’s the core component of really acting as owners. Because a large part of our executive team’s wealth is locked up and at risk every day in our company. TNM

t is with great sadness that we announce the passing of Rodney David Lamond which occurred on Sunday, March 15, 2020 at his summer home in Cambridge Narrows, New Brunswick, at the age of 55. He was the son of Roy and Sandra (Bailey) Lamond. Besides his parents, Rodney is also survived by his dearly beloved wife Sheila; daughter Emilee; sons: Kabil and Nicolas: sisters Robin and her husband Mike, Kerry and her husband Todd. Uncle Rod was cherished by his niece and four nephews: Peyton, Everett, Aaron and Jesse and spouses David and Sam. He will also be deeply missed by many long-time friends, neighbors and the many, many people he worked with in the Mining Industry. Born in Sudbury, Ontario, Rodney graduated from Laurentian University with a Bachelor of Engineering in Mining in 1991. As a Mine Business Professional, Rod had been at the helm of many different companies and was Chairman for Jaguar Mining Inc., President & Chief Executive Officer at Jerritt Canyon Gold LLC, and on the board of Stratabound Minerals Corp. Some of Rodney’s previously held positions were Group General Manager at Nyrstar NV and General Manager at Breakwater Resources Ltd. (a subsidiary of Nyrstar NV); President, Chief Executive Officer & Director at Jaguar Mining; President, Chief Executive Officer & Director at Crocodile Gold Corp.; Vice President-Operations for Gold Hawk Resources, Inc.; and Chief Operating Officer at Newmarket Gold, Inc. Rodney’s passion for mining took him and his family to many wonderful mining areas in the world such as Honduras, where two of his children were born, as well as Peru, Chile, Australia, Brazil, USA and several regions in Canada including the High Artic. Arrangements have been entrusted to the care of Wallace Funeral Home, 34 Sunnyside Drive, Sussex (506-433-1176) from where a private service was held for family and friends. A public Celebration of Rodney’s life will be held later in the Summer with arrangements to be announced. If you are considering making a memorial donation in memory of Rodney, the family has requested the charity of your choice. Condolences to the family and donations may be made through WallaceFuneralHome.com

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GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 7—20, 2020

Alexco produces first concentrate at Keno Hill silver mine in Yukon SILVER

| Full production expected in the first quarter of 2021

The mill at Alexco Resource’s Keno Hill mine in 2019.

BY ALISHA HIYATE Editor-in-chief, Canadian Mining Journal

ancouver-based Alexco Resource (TSX: AXU; NYSEAM: AXU) has successfully commissioned the mill at its Keno Hill silver mine in the Yukon, with production of initial concentrates underway. Keno Hill consists of four deposits, including the past-producing Bellekeno underground mine, which is the initial source of ore for mill commissioning and production. “Initial commissioning of our mill is a significant milestone on our journey toward establishing Alexco as Canada’s only primary silver producer,” said Alexco CEO and chairman Clynton Nauman in a news release. “This achievement has only been possible with the hard work and

“INITIAL COMMISSIONING OF OUR MILL IS A SIGNIFICANT MILESTONE ON OUR JOURNEY TOWARD ESTABLISHING ALEXCO AS CANADA’S ONLY PRIMARY SILVER PRODUCER.” CLYNTON NAUMAN CHAIRMAN AND CEO, ALEXCO RESOURCE

determination of all our employees and contractors who have worked safely to deliver this milestone.”

ALEXCO RESOURCE

Nauman added the company is still working on the rampup and development of its Bermingham and Flame and Moth deposits, which will sequentially replace Bellekeno as the source of mine feed over the first half of 2021. Full production at the 400 tonne per day plant is expected in the first quarter. The focus of current work at the Bermingham and Flame and Moth deposits is the advancement of primary ramps and haulage ways, establishing vent level access, and completing the installation of underground infrastructure. The company reports that most of the surface infrastructure is nearly complete, including the recently commissioned Bermingham water treatment plant. With more than 150 employees

and contractors currently onsite at Keno Hill, about 350 km north of Whitehorse, contract raise crews are scheduled to join them in early December to start the installation of a surface raise at Bermingham. The company has completed a 7,600-metre drill program to test for mineralization beneath defined resources at Bermingham. Results are expected over the next two months. A prefeasibility study released in March 2019 projected that Keno Hill will have an eight-year mine life based on underground mining from the Bellekeno, Bermingham, Flame & Moth, and Lucky Queen deposits. Pre-production development costs were pegged at a low $23.2 million and the operation is expected to produce an average of 4 million oz. silver per year in concentrate. The existing 400 tonne per day mill will

be expanded to 550 tonnes per day in year three. The study projected an after-tax internal rate of return of 74.2% and a net present value of $101.3 million using a silver price of US$15.75 per oz. for the first two years, and US$18.25 for the remainder of the mine life. The project contains total probable reserves of 1.2 million tonnes at a diluted grade of 804 grams silver per tonne, 2.98% lead, 4.13% zinc and 0.34 gram gold per tonne for 30.5 million contained oz. silver. Alexco originally put the Bellekeno mine at Keno Hill in production in 2011, but suspended the low-tonnage operation after silver prices dropped in 2013. TNM This article first appeared in the Canadian Mining Journal, part of Glacier Resource Innovation Group.

HighGold plans to ‘make hay while the sun shines’ at Johnson Tract project in Alaska ALASKA

BY CARL A. WILLIAMS cwilliams@northernminer.com

ighGold Mining (TSXV: HIGH; US-OTC: HGGOF) has released the latest results from its 2020 drill program at its flagship Johnson Tract (JT) polymetallic project in Alaska, about 200 km southwest of Anchorage. Assays for four drill holes, including additional step-outs from the main JT deposit, were reported. Highlights included drill hole JT20-106, which intersected 22.8 metres grading 3.2 grams gold per tonne, 4 grams silver per tonne, 0.4% copper, 6% zinc, and 1.4% lead (8.2 grams gold equivalent per tonne) starting from 249.4 metres, including 17.4 metres grading 3.9 grams gold, 5 grams silver, 0.6% copper, 7.6% zinc, and 1.8% lead (10.3 grams gold equivalent) from 249.4 metres. Hole JT20-106 was drilled as a 20-metre step-out from a previously reported drill hole, JT20-096, which returned 20.1 metres grading 11.5 grams gold, 3.6 grams silver, 0.5% copper, 3.1% zinc, and 0.01% lead (14.1 grams gold equivalent) from 240.9 metres. Other highlights included drill hole JT20-100, another 20-metre step-out from hole JT20-096, and cut 17.3 metres grading 0.2 gram gold, 1 gram

| Exploration of the site dates to the mid-1960s

“THE JT DEPOSIT HAS THAT RARE COMBINATION OF HIGH-GRADE MINERALISATION WITH BULK TONNAGE AND HAS THE POTENTIAL FOR SIGNIFICANT DEVELOPMENT LATERALLY AND TO DEPTH. ALL THESE ATTRIBUTES ARE VERY ATTRACTIVE FROM A MINING ENGINEERING STANDPOINT AND SHOULD TRANSLATE TO A LOWER-COST UNDERGROUND MINE.” DARWIN GREEN PRESIDENT AND CEO, HIGHGOLD MINING.

silver, 0.1% copper, 6.1% zinc, and 0.02% lead (4.1 grams gold equivalent) from 199.2 metres. “It’s been our first full-scale exploration of the project, and we’ve learned a tonne about it,” Darwin Green, the company’s president and CEO, said in an interview. “We started a little later this year because of Covid-19, but it didn’t slow us down too much.” HighGold was spun-out of Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) in August 2019. The “catalyst” for HighGold’s creation, Green said, was the acquisition of the JT project, which he described as “an exceptional project that required its own vehicle to fund and explore.” Under the arrangement, Constantine transferred its gold assets to HighGold, and Constantine shareholders received one common share of HighGold for every three common shares of Constantine held. In addition to JT, HighGold also acquired Constantine’s gold projects in Ontario, including the MunroCroesus, Golden Mile, and Golden Perimeter projects in the Timmins Gold Camp. “The gold projects in Ontario also had the potential for high-grade gold mineralisation and had been largely unexplored,” Green said. Exploration of JT goes back to

the mid-1960s, when the United States Geological Survey undertook a regional mapping program, identifying the local lithologies and structures of the western side of Cook Inlet, 15 km from the project. From 1974 to 1975, Resource Associates of Alaska Inc. were contracted by Cook Inlet Region Inc. (CIRI), one of 12 native regional corporations created under the Alaska Native Claims Settlement Act of 1971, as well as the Cook Inlet Land Exchange, to prospect the region and evaluate the land for selection under the terms of the Act. The work led to the discovery of anomalous zinc samples in a single float boulder. Follow-up work in 1975 traced the source of the boulder three kilometres upstream to the JT prospect. In 1981, Anaconda Minerals signed an agreement with CIRI allowing Anaconda to explore the JT prospect. Detailed exploration work began that year with rock and stream sediment sampling to delineate the source of the gold and base metal anomalies. Anaconda began the first drill program on the property the following year, completing 88 drill holes totalling 26,840 metres between 1982 and 1985. The drilling led to the discovery of the JT deposit in 1982. The discovery hole, JT82-004, intersected 108.6 metres grading 10.4 grams

gold, 8.1 grams silver, 0.7% copper, 7.6% zinc, and 2% lead, including 48 metres grading 21.1 grams gold, 12.3 grams silver, 0.9% copper, 9.9% zinc, and 2.9% lead. In 1985, Anaconda shuttered all its global mining operations. Private developers then held the project until March 1997, when it reverted to CIRI. No significant exploration was conducted on the property until HighGold acquired it in 2019. Soon after acquiring JT, the company began a nine-hole drill program totalling 2,247 metres in September 2019 to confirm historical drill results. Highlights included drill hole JT19090, which intersected 75.1 metres grading 10 grams gold, 6 grams silver, 0.6% copper, 9.4% zinc, and 1.1% lead (17.8 grams gold equivalent) from 253.9 metres. “When we acquired JT, we found that the data from the past exploration work was excellent quality and extremely well archived,” Green said. “We combined our drill results with the historical drill results and generated an initial resource estimate for the project.” A mineral resource estimate released in April 2020 outlined indicated resources of 2.1 million tonnes See ALASKA / 16

WWW.NORTHERNMINER.COM

DECEMBER 7—20, 2020 / THE NORTHERN MINER

Sierra releases PEA on Yauricocha mine expansion, grows resources | Operation expected to have 12-year mine life

PERU

BY CANADIAN MINING JOURNAL STAFF

outh America-focused miner Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has released a preliminary economic assessment on an expansion of its Yauricocha polymetallic mine in Peru’s Yauyos province. The early-stage study suggests a throughput increase to 5,500 tonnes per day, up from 3,150 tonnes per day currently. The site is already scheduled to see an intermediate scale-up to 3,600 tonnes per day next year. Based on the PEA, the incremental benefit of raising throughputs to 5,500 tonnes per day, up from the 3,600 tonne per day range, brings an additional net present value pegged at US$27.1 million, at an 8% discount rate, with a 29.5% internal rate of return, based on US$3.05 per lb. copper. CEO Luis Marchese said the latest study supports Sierra’s growth plans. “I am very encouraged by the results of this PEA, which support the company’s organic growth strategy and plan to profitably develop and grow the Yauricocha mine production rate to 5,500 tonnes per day in 2024 from today’s permitted capacity of 3,150 tonnes per day,” the mining executive said in a news release. Marchese added that the company plans to complete a prefeasibility study for the expansion. With a 12-year mine life, the ex-

Mining personnel at Sierra Metals’ Yauricocha polymetallic mine in Peru.

panded operation would generate a payable total of 419 million lb. copper, 13.7 million oz. silver, 43,000 gold oz., 541 million lb. zinc and 167 million lb. lead over its mine life, at a total operating cost of US$1.28 per lb. copper-equivalent. The associated life-of-mine and sustaining capital stands at US$268.5 million. Along with the PEA, Sierra also

released an updated resource for the mine, which forms the basis of the PEA mine plan. Measured and indicated resources at Yauricocha now stand at 15.9 million tonnes grading 43.8 grams silver per tonne, 0.5 gram gold per tonne, 1.2% copper, 0.6% lead and 2.2% zinc. Inferred resources add another 11.6 million tonnes, grading 27.5 grams silver,

SIERRA METALS

0.5 gram gold, 1.4% copper, 0.3% lead and 1% zinc, which is a 79% increase in inferred resource tonnes. The Yauricocha mine has been operating since 1948. The material extracted is processed 1 km away at the Chumpe plant and produces copper, zinc and lead concentrates with gold and silver by-products. For its Cusi silver mine in Mexico’s

Chihuahua state, Sierra has also presented an updated resource, which accounts for exploration drilling completed between January 2018 and August 2020. Sierra sees additional potential to extend the high-grade zones at the Santa Rosa de Lima and Northeast-Southwest zones and plans to start a PEA on an expansion of Cusi. Measured and indicated resources have increased by 18% to 5.4 million tonnes grading 182 grams silver, 0.12 gram gold, 0.49% lead and 0.58% zinc (or 215 grams per tonne silverequivalent). Inferred resources grew by 200% to 4.9 million tonnes at 146 grams silver, 0.18 gram gold, 0.43% lead and 0.69% zinc (or 183 grams silver-equivalent). “These increases represent a significant amount of additional drilling and mine exploration development work completed at the Cusi mine,” Marchese said. “This updated mineral resource estimate is the foundation of our upcoming preliminary economic assessment update that will help us to determine the most capital-efficient expansion scope for the Cusi mine, in a similar way that we have evaluated the Yauricocha mine in Peru and Bolivar mine in Mexico.” This year Sierra expects to produce 110.1-122.3 million lb. copperequivalent from its three mines. TNM — This article first appeared in the Canadian Mining Journal, part of Glacier Resource Innovation Group.

Solaris reports assay results from Warintza project ECUADOR

| Strong copper intercepts reported at flagship project

BY DANIEL SEKULICH dsekulich@northernminer.com

olaris Resources (TSXV: SLS) has reported new assay results that feature strong copper intercepts from its flagship Warintza project in southeastern Ecuador, about 85 km east of the city of Cuenca in the Cordillera del Cóndor, an inland mountain range forming the border between Ecuador and Peru. The company reported results from three drill holes, part of a 40,000

Drill crew at Solaris Resources’ Warintza Central property in Ecuador.

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metre diamond drill program, that returned long intervals of high-grade mineralization from surface. Highlights included a 1,004 metre intercept from hole SLS-04 that returned 0.59% copper, 0.03% molybdenum, and 0.05 gram gold per tonne (0.71% copper-equivalent) from surface. The intercept included 824 metres of 0.64% copper, 0.03% molybdenum and 0.05 gram gold (0.77% copper-equivalent). The company said this hole was drilled far beyond the 138-metre length of a corresponding historical hole, and bottomed in mineralization. Drill hole SLS-05 returned 918 metres of 0.43% copper, 0.01% molybdenum and 0.04 gram gold (0.50% copper-equivalent), and included a 306 metre section of 0.52% copper, 0.02% molybdenum and 0.04 gram

gold (0.62% copper-equivalent). The third hole, SLS-06, cut 884 metres of 0.50% copper, 0.03% molybdenum and 0.04 gram gold (0.62% copper-equivalent). “SLS-05 also extended mineralization to the southwest at depth,” Jorge Fierro, the company’s vice president of exploration, stated in a press release. The company is continuing its drilling program in order to test for major extensions of mineralization. It also recently finished a geophysical survey of Warintza, the first one of its kind in the property’s history. According to Daniel Earle, Solaris’ president and CEO, the assay results continue to show that Warintza Central has “the potential to become a large, high-grade, open pit copper porphyry deposit.” Warintza Central has an inferred resource of 124 million tonnes grading 0.56% copper, 0.03% molybdenum and 0.1 gram gold (0.70% copper-equivalent). Solaris, part of the Augusta Group of companies, has been led since January by executive chairman Richard Warke. Besides the Warintza copper-gold project in Ecuador, the company has assets in Chile and Peru, as well as a 60% interest in the development stage La Verde joint venture project with Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK) in Mexico. TNM

SPECIAL FOCUS ON

GLOBAL EXPLORATION PROJECTS TO WATCH Roscan Gold advances Kandiole project in Mali MALI

| Company has had drills working around the clock

O3 Mining reports drill results from its Marban gold project | Focus is on expanding mineralization outside previously outlined areas QUEBEC

BY DANIEL SEKULICH dsekulich@northernminer.com

Roscan executives on-site in Mali (from left to right) John R. L. Learn, Exploration Manager; Sir Samuel Jonah, Non-Executive Chairman, Director; Andrew J. Ramcharan, Executive Vice President, Corporate Development and Investor Relations; Nana Bompeh Sangmuah, President and Chief Executive Officer; Greg Isenor, Executive Vice-Chairman. ROSCAN GOLD

BY TRISH SAYWELL tsaywell@northernminer.com

ince acquiring the Kandiole project in Mali three years ago, Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has served up some of the best drill intercepts in West Africa and made significant discoveries on its large land package, about 25 km east of B2Gold’s (TSX: BTO; NYSE-AM: BTG) producing Fekola mine. The Kandiole project, about 400 km west of Mali’s capital Bamako, is situated in the Birimian Greenstone Belt, one of Africa’s most productive regions, and is within trucking distance of Iamgold’s (TSX: IMG; NYSE: IAG) Boto and Diakha deposits. The company tripled its 2020 drill program from 10,000 metres to 30,000 metres in February, and raised it to 45,000 metres in mid-June. In August it added a fifth drill rig. In addition to its aggressive drill program, Roscan has analyzed termite and soil geochemistry as well as completed airborne geophysical surveys. In the last three months, Roscan has made three new discoveries: Kandiole North, about 10 km from its flagship target Mankouke South; Mousalla North, about 8 km northeast of Kandiole North; and Walia, about 15 km from Kandiole North. Walia is situated on the Komet Mali ground that the company picked up in July when it acquired Komet Mali from Komet Resources (TSXV: BRW). Komet Mali owns the Dabia South project, about 35 sq. km of ground located between the Kandiole project and Oklo Resources’ (ASX: OKU) Dandoko project. Drill results from Kandiole North included 53.6 grams gold over 2 metres from 14 metres downhole; 24 grams gold over 2 metres from 10 metres’ and 8.76 grams gold over 4 metres starting from 7 metres. Assays

from the Mousalla North discovery included 5.39 grams gold over 32 metres from surface; and 1.90 grams gold over 10 metres from 18 metres, while highlights from Walia included 21.4 grams gold over 8 metres from 26 metres downhole; 11.4 grams gold over 2 metres from surface; and 7.96 grams gold over 2 metres from 2 metres. The intense exploration program, which even continued during the rainy season that runs from mid-July until early October, was driven in part by the importance of fleshing out as many of its targets as possible before six confidentiality agreements the company has signed expire at the end of next year. Drills are turning around the clock in two shifts. “We should be in resource delineation mode for the most part of next year,” Nana Sangmuah, Roscan’s president and CEO, said in an interview, noting that the company plans to complete an initial resource estimate before the end of 2021. “We’re generating a lot of news flow this year with target generation and there will be tons of news flow leading up to the end of the year and into next year. And as the target prioritization exercise is completed, that will set the stage for a more aggressive drill campaign for 2021.” In addition to the resource work, the company must continue to do generative work. “For exploration companies to be successful, your resource triangle should be robust,” Sangmuah said. “Why this is going to be relatively easy for a junior of our stature is that we’ve done a lot of drilling already on the ground so we have a lot of pierce points in areas where geophysics are going to run; we also have several outcrops; we have some geochem; and are going to put all that information into a 3D target generation model.” Sangmuah expects the company

will complete the 45,000 metre drill program well before the end of 2020 and could add more metres as necessary to the work program. Drill results from 16 holes at its flagship Mankouke South target reported on Nov. 23 included 5.35 grams gold over 53 metres from 126.5 metres downhole, including 12 metres of 12.5 grams gold; 13.9 grams gold over 6 metres from 53.5 metres downhole; and 3.99 grams gold over 17 metres starting from 166.3 metres downhole. Roscan discovered Mankouke South in July 2019 and the company’s work program there has returned high grade intercepts along 700 metres of strike and to a vertical depth of 178 See MALI / 10

3 Mining (TSXV: OIII) has reported new drill results from the Gold Hawk zone at its Marban gold project, part of the company’s wholly-owned Malartic property located near Val d’Or, Quebec. The current 45,000 metre drill program is focused on expanding mineralization outside of proposed pit areas previously outlined in a preliminary economic assessment released in early September. The new assay results are from seven holes that targeted extensions down plunge at Marban’s Gold Hawk zone. Drilling hit the Gold Hawk zone between 390 and 570 metres below surface, at a spacing of 50 to 100 metres. Highlights released included hole O3MA-20-008, which intersected two mineralized intervals. The first returned 383.4 grams gold per tonne over 2 metres from 552.8 metres downhole, including 1,510 grams gold over 0.5 metres from 553.8 metres. O3MA-20-008’s second interval was four metres deeper and returned 5.3 grams gold over 1.1 metres. Drill hole O3MA-20-002 intersected 1.8 grams gold over 5 metres from 489.8 metres downhole along the same basalt-komatiite contact as O3MA-20-008. A third hole, O3MA-20-003, cut 16.8 grams gold over 0.5 metres from 588 metres downhole. The company is awaiting assay results from three more follow-up holes completed around drillhole O3MA-20-008. “Gold Hawk has great potential

“WE CURRENTLY HAVE SIX RIGS WORKING ACROSS THE PROPERTY, BUT WE EXPECT TO HAVE TWELVE OPERATING ON SITE BY JANUARY.” JOSE VIZQUERRA PRESIDENT AND CEO, O3 MINING

for high-grade,” O3’s president and CEO, Jose Vizquerra, told The Northern Miner. “It has the potential to be a satellite deposit to our main development, Marban, that is about 2 km from where we have been drilling.” Vizquerra said that the intercepts confirm the high-grade characteristic of the gold deposit along a prolific Marbenite shear corridor, and this has given the company the confidence to expand its drill program to more quickly unlock the potential resources at Marban. “What we expect for next year is to increase our drilling campaign,” he said. “We currently have six rigs working across the property, but we expect to have twelve operating on site by January. And we have around 30 people working for us, which we will keep on into the new year.” While the company drills in the winter season, Vizquerra highlighted that they are taking precautions to keep their workers safe from exposure to Covid-19. “All of our employees are from the area, so we See QUEBEC / 10

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DECEMBER 7—20, 2020 / THE NORTHERN MINER

GLOBAL EXPLORATION PROJECTS TO WATCH

Osisko Mining’s Windfall project goes from strength to strength QUEBEC

| Drill program includes 22 rigs

BY NORTHERN MINER STAFF

ince completing the longest diamond drill hole (3,467 metres) in Canadian history in January at its Windfall gold deposit in Quebec’s Abitibi greenstone belt, Osisko Mining (TSX: OSK) has continued to release a steady stream of news – despite the coronavirus pandemic. In February the company updated the resource estimate for Windfall based on 2,941 drill holes completed between October 2015 and January 2020, outlining one of the highest grade resource-stage gold projects in Canada. The mineralization occurs in three principal zones –Lynx, the Main Zone and Underdog – and the deposit has been defined from surface to a depth of more than 1,200 metres and remains open along strike and at depth. Indicated resources currently stand at 1.21 million oz. gold (contained within 4.13 million tonnes grading 9.1 grams gold per tonne) and inferred resources add another 3.94 million oz. (14.53 million tonnes averaging 8.40 grams gold per tonne). The resource was based on a cut-off grade of 3.5 grams gold per tonne. After suspending operations temporarily due to Covid-19 in mid-March, Osisko resumed operations at Windfall in mid-May, closed a $177 million bought deal financing in mid-June, and released more drill results, mainly from infill drilling at Windfall’s Lynx deposit. In August, Osisko reported assays of 202 grams gold per tonne (uncut) over 28 metres starting 1,037.5 metres downhole; in September 115 grams gold over 5.6 metres starting from 875 metres; in October 314 grams gold (uncut) over 3 metres

MALI From 9

metres. The target remains open to the north, west and at depth. Sangmuah noted that the company is confident that the feed source of the hydrothermal alterations at Mankouke South should culminate in tracing a big system “analogous to some of the known large deposits in the region with similar lithological controls.” Prior to joining Roscan as CEO in December 2019, Sangmuah, a mining engineer by training, had worked as managing director of equity research at Clarus Securities, and in that capacity knew Roscan’s founder Greg Isenor; was familiar with his track record in West Africa; and was aware of Roscan’s Kandiole project. “Greg has a very good nose for finding ground and all his targets have been picked up by majors and I thought this was a very good company,” Sangmuah said of his decision to join the team. Isenor was president of Merrex Gold from 2005 until 2017, during which time the company discovered the Siribaya deposit in Mali. It also discovered the Diakha deposit with joint-venture partner Iamgold, which acquired Merrex in 2017. Prior to Merrex, Isenor had been CEO of Jilbey Gold Exploration Ltd., where he led the team that identified the Bissa gold deposit in Burkina Faso, which was later acquired by High River

starting from 843 metres; and 86.2 grams gold (uncut) over 14.5 metres from 858.5 metres in late November. Highlights from the most recent drill results, reported on Nov. 24, included 85 grams gold (uncut) over 10.8 metres starting from 929 metres downhole and 71.3 grams gold (uncut) over 4 metres from 882 metres. Commenting on the company after the latest drill results were announced, Kerry Smith of Haywood Securities, described Windfall as a “tremendous deposit with good predictability” and pointed to the company’s enormous drill program, which includes 22 rigs. The mining analyst said he expects the company will release an updated resource estimate by the first quarter of 2021 and a feasibility study in the early part of the second quarter. Smith believes Windfall could be in production by 2024 and producing 296,000 ounces of gold per year at all-in sustaining costs of below US$600 per ounce over a mine life of about 14 years. The deposit “has the potential to be significantly larger than the current 5.1 million ounce resource over time,” Smith stated in a research note to clients. “The resource is currently only to a vertical depth of about 1,200 metres and could easily have vertical continuity to double the current depth as all the zones are open up and down plunge along with many other targets.” Smith has a target price of $8.00 per share on the stock. Over the last year, Osisko Mining has traded in a range of $1.67 and $4.85 per share and at presstime was trading at $3.37 per share. The company has 342 million common shares outstanding for a market cap of about $1.16 billion. TNM

Gold Mines and put into production by Nordgold. “As an analyst you oftentimes come across very undervalued situations and good opportunities that the market is not really paying attention to,” Sangmuah said. “I thought I’d give him two years or 18 months to figure out what’s on this and then we could start sinking our teeth into it, but within six months they had some very good results from Central Mankouke. At the time, Roscan was trading at a quarter of the valuation of Oklo Resources, and all of them were playing in the same sandbox with similar rocks. So it was a no-brainer … it was a very compelling proposition … and an offer I couldn’t refuse.” Drill highlights from Roscan’s Mankouke Central target (about 5-6 km from Manouke South) have included 14 metres grading 8.68 grams gold starting from 10 metres downhole; 18 metres of 8.47 grams gold starting from 26 metres; and 14 metres of 5.94 grams gold from surface. After joining Roscan, Sangmuah brought in Samuel Jonah as the company’s non-executive chairman. Jonah joined Ashanti Goldfields in 1979 and at the age of 36 became its CEO. Over ten years, Jonah and his team increased the company’s gold production from 240,000 oz. a year to 1.6 million ounces, and oversaw the company’s listing on the New York

WWW. NOR T H ER NMINER . C OM

Bluestone hits highest-grade yet at Cerro Blanco | Focus on deﬁning key veins and expanding resource mineralization

GUATEMALA

BY CARL A. WILLIAMS

cwilliams@northernminer.com

luestone Resources (TSXV: BSR; US-OTC: BBSRF) has reported the highest grade gold assay to date at its wholly owned Cerro Blanco project in Guatemala, 160 km southeast of Guatemala City. As part of an underground drill program in the project’s South Zone, drill hole UGCB20-180 intersected 1 metre grading 1,380 grams gold per tonne and 2,194 grams silver per tonne from 175 metres downhole. The intercept surpassed the previous record in November of 1 metre grading 674.8 grams gold and 2,863 grams silver starting from 71 metres in drill hole UGCB20-179. “The fact that we have received the two best-ever intercepts in the project’s history within weeks of each other perhaps reflects the team’s increased understanding of the deposit which is guiding our drill targeting,” Jack Lundin, the company’s CEO, stated in press release. “What is also equally encouraging is that we continue to find new veins like those intersected in all but one of the five holes, offering additional potential for the future expansion of the resource.” Bluestone has five rigs operating from the underground workings and at surface. The focus of the drill program is to improve the definition of key veins and expand the high-grade mineralization for known veins outside the resource area. Other recent highlights from the underground drilling included drill hole UGCB20-181, which returned 5 metres grading 75.7 grams gold and 32.8 grams silver from 211 metres, including a higher grade core of 1 metre grading 152.7 grams gold and 124 grams silver from 211 metres. Both holes UGCB20-180 and UGCB20-181 were drilled at steep angles to better define and confirm a high-grade southerly plunging shoot within the principal feeder vein VS-01 and better define its relationship

Stock Exchange. In May 2004, after Ashanti merged with AngloGold, Jonah became the company’s executive president. “Jonah is noted for building junior companies into multi-million market cap companies and he was also looking for an opportunity in the mining space and he was very keen and came to site the very next day after joining the board and walked the targets and was thrilled,” Sangmuah said. Sangmuah also hired David Reading in April as a technical consultant. Reading, the former CEO of European Goldfields and Aureus Mining, also worked as general manager of African exploration in the early days at Randgold Resources. In addition, Reading served as a special advisor to Continental Gold until its sale earlier this year to China’s Zijin Mining for $1.4 billion. “We have got quite a good pool of talent within a small company and it has really helped crystallize solid growth for us within the last few months and we’re hoping to build on that,” Sangmuah said. Management and directors own about 12% of the company’s common shares outstanding. Over the last year Roscan has traded in a range of 10¢ and 55¢ and at presstime was trading at 39¢. The junior explorer has about 265 million common shares outstanding for a market cap of about $106 million.. TNM

Personnel in discussion at Bluestone Resources’ Cerro Blanco Gold project. BLUESTONE RESOURCES

with its sub-parallel splay VS-21, the company said. Highlights from surface drilling included drill hole CB20-428, which cut 1 metre grading 98.1 grams gold and 68.8 grams silver from 233 metres. Drill hole CB20-430 returned 9 metres grading 34.6 grams gold and 66.9 grams silver from 227 metres, including 2 metres grading 144.4 grams gold and 282 grams silver from 227 metres. The company said that the work is expected to build on the infill drill program completed in the North Zone of the deposit in 2019, which resulted in an updated mineral resource estimate of 4.3 million tonnes in the measured and indicated category grading 10.3 grams gold per tonne and 36.8 grams silver per tonne for 1.4 million contained oz. gold and 5.1 million oz. silver. Previous owners spent about US$230 million on the project. When Bluestone acquired the project in 2017, it already had about three km of underground development in place, including portals, declines, and multiple Alimak vent raises. The project is fully permitted for production and the company is targeting the second half of 2022 for first production.

A 2019 feasibility study outlined an underground operation with a mine life of eight years, producing 146,000 oz. gold annually during the ﬁrst three years at average all-in sustaining costs (AISCs) of US$579 per ounce. Initial capex was pegged at US$196 million and the study estimated an after-tax payback of just over two years. The study, which used a gold price of US$1,250 per oz. and a silver price of US$18 per oz., forecast an after-tax net present value of US$241 million, at a 5% discount rate, with an after-tax internal rate of return of 34%. “The project is very robust and is a strong acquisition candidate for mid-tier gold companies looking to add a shovel-ready, permitted project to their project portfolio,” mining analyst Kerry Smith of Haywood Securities commented in a research note to clients. “We recommend accumulating shares at current levels.” Smith has a buy rating on Bluestone with a target price of $4.50 per share. At press time in Toronto, Bluestone was trading at $1.92 per share within a 52-week trading range of 99¢ and $2.43. The company has around 143 million common shares outstanding for a $275.1-million market capitalization. TNM

O3’s president and CEO, Jose Vizquerra (right), with VP exploration, Louis Gariepy, visiting drilling operations at the company’s Gold Hawk zone in Quebec. O3 MINING QUEBEC From 9

don’t have fly-in, fly-out, and in our view that is one of the best ways to control the spread of the virus.” As O3 prepares to ramp up its exploration work, the management team is also working to enhance its business plan for prospective investors. “Our focus is to move towards prefeasibility,” said Vizquerra. “But at the same time, we know we have to work on the baseline studies. And as we work on the baseline studies, we want to make sure that we have these high-grade components that will be able to make the project much better.”

He went on to add that he believes the Val d’Or region is also an area that can attract sustainable investment because the companies operating there respect the environment and respect the people working and living there, and because it already has proven resources. “I like to say that you find elephants in the land of elephants, and that is what the Abitibi is. It is a very rich area in terms of gold. It is a mature terrain.” At press time, O3’s shares were trading at $2.75 within a 52-week range of $1.06 and $3.68. The company has 60 million common shares outstanding and a market capitalization of $166 million. TNM

GLOBAL MINING NEWS

GLOBAL EXPLORATION PROJECTS TO WATCH

THE NORTHERN MINER / DECEMBER 7—20, 2020

GLOBAL EXPLORATION SNAPSHOT: COMPANIES WITH EXCITING PROJECTS ON THE GO pany has outlined a platinum group metal (PGM) zone, which has been traced from near surface to a depth of over 400 metres and along several kilometres of strike. Drill intersections from this zone included 7.5 metres of 2.6 grams palladium and platinum starting at 123 metres. Canada Nickel has also established NetZero Metals, a division aimed at developing a zero-carbon footprint operation. This division is looking at various technologies throughout the mining, milling and processing steps, which could minimize — and absorb — carbon dioxide. Canada Nickel has a $171.7 million market capitalization.

BY MAGDA GARDNER mgardner@canadianminingjournal.com

Amid renewed investor interest in the resource space, industry players are starting to focus on new mine development. With this, already scarce exploration projects are becoming even more attractive. Below, we present eight companies with assets poised for growth. n ARGONAUT GOLD Argonaut Gold (TSX: AR) holds mines in Nevada and Mexico and exploration projects in Ontario and Mexico. In mid-October, the company announced that it would be going ahead with the construction of the Magino project in Ontario, 40 km northeast of Wawa. With a twoyear construction period, the company anticipates the first gold pour in the first half of 2023. In tandem with the announcement, the producer announced debt ﬁnancing for the project, for a total of up to US$175 million. This includes a US$50-million bought deal offering of senior unsecured convertible debentures and an extension and expansion of an existing US$75 million credit facility to US$125 million. While a 2017 feasibility study estimated the initial capital cost for the project at US$321 million, more recent cost estimates pegged the initial outlay at between US$360 million and US$380 million. The 2017 feasibility outlined a 10,000 tonne per day open pit operation with a 17-year mine life, producing an average of 150,000 oz. of gold in the first five years at all-in sustaining costs of US$711 per ounce. The resulting project net present value estimate, at a 5% discount rate, came in at US$288 million. Magino includes a past-producing underground mine, which generated 803,135 tonnes at 4.43 grams gold per tonne. This site is adjacent to Alamos Gold’s (TSX:AGI; NYSE: AGI) Island Gold mine. In July, Argonaut closed a $126.5 million bought deal financing. This year, the company expects to generate 200,000-215,000 oz. of gold-equivalent at AISCs of US$1,225-1,350 per ounce. This total includes contributions from the El Castillo, San Agustin and La Colorada open pit mines in Mexico, as well as from the Florida Canyon heap leach site in Nevada. Argonaut added this last asset to its portfolio last year, through an allshare merger with Alio Gold. In November, Argonaut announced the discovery of four new, high-grade gold zones at Magino – the zones (Scotland, #42, Sandy and South) are either below or adjacent to the planned pit. Drill highlights included 7 metres of 14 grams gold per tonne from Scotland starting at 431 metres; 8 metres of 9.3 grams gold from #42 starting at 365 metres; 9 metres of 5.4 grams gold at Sandy from 741 metres; and 7 metres of 4.2 grams gold at South from 884 metres. Argonaut Gold has a $711.9 million market capitalization.

CANADA NICKEL Canada Nickel (TSXV: CNC; USOTC: CNIKF) wholly owns the n

Drill results at Canada Nickel’s Crawford project extend the known PGM zones and nickel zones by more than 1.5 km along strike. CANADA NICKEL COMPANY

This includes 201 million tonnes of material grading 0.34% nickel. Shortly after the resource update, Canada Nickel also announced, based on the results from four drillholes, a new discovery at Crawford – the West zone. While assays are pending, all four holes hit mineralized dunite along a width of 800 metres and along 425 metres of strike, within a 2.5 km by 400 to 800-metre wide geophysical anomaly, approximately 850 metres northwest of the Main zone. The gravity anomaly associated with the West zone appears to be larger than that for the Main zone. Next to the Main and East zone nickel mineralization, the com-

n MARATHON GOLD Marathon Gold (TSX: MOZ) aims to deliver a prefeasibility study for its flagship Valentine Lake gold project in central Newfoundland in the first half of next year. The wholly owned project is made up of four mineral deposits — two of which include mineral reserves — along a 20-km long trend. According to Marathon, its project is the largest undeveloped gold resource in Atlantic Canada. Total measured and indicated resources at the site stand at 54.9 million tonnes grading 1.75 grams gold per tonne for a total of 3.1 million gold ounces. Inferred resources add a further 16.8 million tonnes at 1.78 grams gold totalling 960,000 ounces. In April, the developer released the results of a prefeasibility study on Valentine, which defined a 12year open pit mine, producing an average of 175,000 oz. of gold annually in the first nine years. With an initial capital cost of $272 million and average life-of-mine, all-in sustaining costs of US$739 per oz., the net present value estimate for the project, at a 5% discount rate, came in at $472 million with a 36% internal rate of return. In September, Marathon filed the Environmental Impact Statement (EIS) for Valentine with the Impact Assessment Agency of Canada (IAAC) and the Newfoundland Ministry of Environment, Climate Change and Municipali-

See SNAPSHOT / 12

Advanced Copper Gold Deposits in Central British Columbia

Argonaut Gold’s El Castillo gold mine and conveyor belt in Mexico.

Crawford nickel-cobalt sulphide discovery north of Timmins in Ontario. The junior is working to deliver a preliminary economic assessment of the project by yearend, which would be followed by a feasibility study by the end of 2021. In October, the company published an updated resource estimate for Crawford, with a total of 657 million measured and indicated tonnes grading 0.26% nickel, 0.013% cobalt, and 6.58% iron and 646 million inferred tonnes grading 0.24% nickel, 0.013% cobalt, 6.81% iron, 0.024 gram palladium

ARGONAUT GOLD

per tonne and 0.013 gram platinum per tonne. These resources are contained within the Main and East zones and include both a highergrade shell (at a 0.25% nickel cutoff) as well as a lower-grade domain (based on a 0.15% nickel cut-off). According to the company, this puts Canada Nickel in the top 10 of the world’s nickel sulphide resources. The known nickel resource covers over 4 km of strike; the highergrade core has been traced for 1.8 km of strike, is 150 to 220 metres wide and up to 650 metres deep.

Large Cu-Au Resources OotsaProject: • 3 defined deposits • 1.1 billion lbs Cu • 1 million ounces Au Options for Development • Opportunity to develop a large stand alone mining operation in the district

Building a Multi Asset Company

• Adjacent to an existing mine and mill with limited reserves

• New M&A strategy to consolidate strategic BC porphyry districts

• Strong preliminary economics

• Experienced management team will generate value through exploration and development • Well capitalized with strong financial backing

TSX-V: SURG | www.surgecopper.com | info@surgecopper.com | 604-718-5454

GLOBAL EXPLORATION PROJECTS TO WATCH

DECEMBER 7—20, 2020 / THE NORTHERN MINER

The camp at Marathon Gold’s Valentine Lake gold project in Newfoundland.

SNAPSHOT From 11

ties (NLDECCM). By November, the company announced that the EIS had been accepted for a formal review by the federal assessment agency. The reviews are expected to take 12 months. Permitting would take place once the EA process is

TSX | TSK

MARATHON GOLD

successfully completed. Marathon continues to focus on exploration across its project site. The 52,000-metre 2020 exploration program included 8,000 metres of infill drilling at the Berry zone, which lies within the 6-km-long Sprite Corridor between the Marathon and Leprechaun deposits.

OTCQX | TSKFF

Industry Leading Management and Technical Team 47 Moz Au Discovered taliskerresources.com

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In November, the company released assay results for 15 drillholes completed as part of its Berry infill work. Highlights included 42 metres of 3.7 grams gold; 24 metres of 1.68 grams gold; and 10 metres of 3.52 grams gold. Results from this program will be used to complete an updated resource estimate for Berry. Marathon Gold has a $497.3 million market capitalization. MAX RESOURCE Max Resource (TSXV: MXR) is advancing its wholly owned Cesar copper-silver project, which covers 500-sq-km in northeastern Colombia. The property is 420 km north of Bogota and occurs along the copper-producing Andean Belt. Cesar appears to have geological similarities to KGHM’s (US-OTC: KGHPF) Kupferschiefer project in Poland, the largest silver and sixthlargest copper producing deposit in the world. Cesar lies within a 200-km sediment-hosted copper-silver belt, and consists of the AM North, AM South and Cesar South stratabound zones. The AM North zone is 11 km long and remains open. Assays include varying intervals with values between 4% to 34.4% copper and 28 grams to 305 grams silver. The AM South zone, 40 km south-southwest of AM North, covers 16 sq. km and occurs on the same mineralized trend. In October, the company reported 25metre outcrop sample assays from this area, which, when combined, averaged out to 250 metres of 3% copper and 29 grams silver. In November, Max expanded its land holdings by 340 sq. km by acquiring the Cesar South project, 200 km along trend from the principal Cesar holdings. Reconnaissance rock grab sampling completed along 15 km of strike at Cesar South identified copper values between 0.3% and 11.4% and silver values between 3 grams and 656 grams per tonne. According

A high-grade sample from Max Resource’s Cesar project in Colombia grading 24.8% copper and 230 grams silver per tonne. MAX RESOURCES

Mark Selby, chairman and CEO of Canada Nickel, holding core from the Crawford project in Ontario. CANADA NICKEL

to the company, this new area of mineralization suggests that stratabound copper-silver is present at the southern and northern margins of the sedimentary basin, over 200 km, with potential for continuous mineralization. Max Resource also has an exclusive option to earn a 100% interest in the 19.8-sq.-km RT gold property in Peru, 760 km northwest of Lima. There are two mineralized systems at the site: the Cerro zone, a bulk tonnage gold-bearing porphyry, and the Tablon zone, a goldbearing massive sulphide zone, 3 km to the southeast. In October, Max Resource closed a $6.5 million non-brokered private placement. Max Resource has a $37.6-million market capitalization.

ROXGOLD Roxgold (TSX: ROXG; US-OTC: ROGFF) is a West Africa-focused gold producer with assets in Burkina Faso and Cote d’Ivoire. The company’s 1,100-tonneper-day Yaramoko underground mine complex in Burkina Faso, 200 km southwest of Ouagadougou, is expected to produce a total of 120,000-130,000 oz. of gold this year at all-in sustaining costs of US$930-$990 per ounce. In November, Roxgold added near-surface, open-pittable reserves and resources to its mineral inventory at Yaramoko. The miner now has 820,000 tonnes of probable reserves at 7.2 grams gold per tonne, which contain 190,000 gold n

See SNAPSHOT / 13

GLOBAL MINING NEWS

GLOBAL EXPLORATION PROJECTS TO WATCH

A drill pad at Skeena Resources’ Eskay Creek property in British Columbia’s Golden Triangle.

SNAPSHOT From 12

oz., in the open-pit category above the operating underground mine, which could support an open pit operation once the underground mine is completed. According to John Dorward, Roxgold’s president and CEO, these open pit additions are the first phase of Roxgold’s plans to extend the Yaramoko mine life. In November, the company started a 14,500-metre underground drill program at the 55 Zone, focused on upgrading and extending resources at depth. In addition to Yaramoko, the company also holds the Seguela project in Cote d’Ivoire. In April, the company published the results of a preliminary economic assessment on Seguela. The study outlined an open pit operation producing an average of 103,000 oz. of gold a year over an eight-year life at all-in sustaining costs of US$749 per ounce. Due to the high-grade nature of the Ancien deposit, in its first three years, this operation would produce 143,000 oz. per year at AISCs of US$600 per ounce. With an initial capital outlay of US$142 million, the project has an after-tax net present value estimate, at a 5% discount rate, of US$268 million and a 66% internal rate of return, based on a gold price assumption of US$1,450 per ounce. A feasibility study is now underway, with results expected in the first half of next year. In October, Roxgold announced exploration results from the highgrade Koula prospect at Seguela – reverse circulation highlights included 4 metres of 108.9 grams gold; 9 metres of 49.3 grams gold; and 9 metres of 30.1 grams gold. On the earlier-stage exploration front, Roxgold also holds the Boussoura project in Burkina Faso, 180 km south of Yaramoko. In September, the company announced that drilling hit broad intervals of mineralization at the Fofora area. Highlights included 4.8 metres of 26.9

grams gold and 9 metres of 10.7 grams gold. Roxgold has a $589.5 million market capitalization. n SKEENA RESOURCES Skeena Resources (TSX: SKE; USOTC: SKREF) is advancing the Eskay Creek and Snip gold projects in B.C.’s Golden Triangle. The developer is working to deliver a prefeasibility study for Eskay Creek by the summer of 2021. In November 2019, Skeena tabled a preliminary economic assessment for the past-producing Eskay Creek, which suggested a nine-year open-pit operation producing gold and silver in concentrate. The study outlined life-of-mine average annual gold-equivalent production of 306,000 oz. at all-in sustaining costs of US$615 per oz., with pre-production capital outlays of $303 million. The associated after-tax net present value estimate, at a 5% discount rate, came in at $638 million with a 51% internal rate of return, based on US$1,325 per oz. gold and US$16 per oz. silver. With a 88,000-metre infill and exploration drill program underway, Skeena expects to release an updated resource for Eskay in the first quarter of 2021. In November, the company released infill results from the 21A and 22 zones at Eskay Creek. Notable intercepts from 21A included 31.1 metres of 5.15 grams gold per tonne and 21 grams silver per tonne; and 18.3 metres of 36.66 grams gold and 7 grams silver. Highlight intercepts from 22 included 48.7 metres of 6.89 grams gold and 122 grams silver; and 29.6 metres of 3.11 grams gold and 106 grams silver. Eskay Creek generated 3.3 million oz. of gold and 160 million oz. of silver between 1994 and 2008, from material with a head grade of 45 grams gold and 2,224 grams silver. In October, the company closed

See SNAPSHOT / 14

THE NORTHERN MINER / DECEMBER 7—20, 2020

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SNAPSHOT From 13

a transaction with Barrick Gold (TSX: ABX; NYSE: GOLD) to acquire a 100% stake in Eskay Creek. In exchange, Skeena issued the major 22.5 million units (made up of one share and half a warrant) and granted the producer a 1% net smelter royalty on the Eskay land package, half of which can be repurchased. The company also wholly owns the past-producing Snip gold project. Hochschild Mining (LSE: HOC) has the option to acquire 60% of this asset. In July, Skeena released a maiden resource for Snip, with 539,000 measured and indicated tonnes grading 14 grams gold containing 244,000 gold ounces; and 942,000 inferred tonnes at 13.3 grams gold for a further 402,000 gold ounces. A 5,000metre drill program started at this site in October. In November, Skeena closed a $46 million common share overnight marketed public offering. Skeena Resources has a $499.1 million market capitalization. n SOKOMAN MINERALS Sokoman Minerals’ (TSXV: SIC; US-OTC: SICNF) most advanced asset is the 24.5-sq.-km Moosehead orogenic lode gold project in north-central Newfoundland, where a phase six, 10,000-metre diamond drill program is underway. Moosehead lies along the TransCanada highway and is on the same trend as Marathon Gold’s (TSX: MOZ) Valentine Lake project and is adjacent to New Found Gold’s (TSXV: NFG) Queensway project. Mineralization at the site has been defined over 500 metres of strike to date, 200 vertical metres and over thicknesses of up to 10 metres. As part of its first phase of drilling at the site, which started in June 2018, the junior discovered a highgrade zone of mineralization in the Eastern trend. The discovery hole returned 11.9 metres of 44.96 grams gold per tonne from 109 metres. With five drill programs completed at the site since 2018, the mineralization remains open. In September, Sokoman started the Phase 6 drill program and 15 holes have been completed to date, testing targets along the Western and Eastern trends. Drilling along the Eastern Trend included deeper holes, to test areas below 200 vertical metres at its north end. In November, the explorer reported high-grade intercepts from a new, near-surface splay off the

Above: Skycrane used by Skeena Resources in northwest British Columbia. SKEENA RESOURCES Left: Roxgold’s Yaramoko mine complex, situated in the Houndé greenstone belt region in the province of Balé in southwestern Burkina Faso. ROXGOLD

main part of the Eastern Trend – two drillholes were collared south of the 2018 discovery hole. The results included 4.6 metres of 47.2 grams gold from 64 metres; 8.1 metres of 68.7 grams gold from 111.2 metres; and 1.8 metres of 11.85 grams gold starting at 54.5 metres and 4.3 metres of 2.94 grams gold from 183.8 metres. Both holes hit two intervals of mineralization. According to Tim Froude, Sokoman’s president and CEO, the

latest results “continue to demonstrate the high-grade nature of the gold mineralization at the Moosehead project.” The Moosehead drill program is ongoing with one rig. The company expects the drilling to continue into next year, as several targets require winter conditions for access and is also applying for permits for drilling on the ice. Sokoman Minerals has a $20.8 million market capitalization.

n SURGE COPPER Surge Copper (TSXV: SURG) wholly owns the 727.1-sq.-km Ootsa property, which includes three copper-gold-molybdenumsilver porphyry deposits (Ox, East Seel and West Seel), adjacent to Imperial Metals’ (TSX: III) Huckleberry mine. The road-accessible property includes total measured and indicated resources of 224.2 million tonnes grading 0.22% copper,

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0.021% molybdenum, 0.15 gram gold per tonne and 2.8 grams silver per tonne (0.37% copper-equivalent). Additional inferred resources add 5.2 million tonnes at 0.18% copper, 0.019% molybdenum, 0.09 gram gold and 2.6 grams silver (0.29% copper-equivalent). A 2016 preliminary economic assessment for the project outlined a 12-year contract mining and toll milling open pit operation. The 5.6-million-tonne-per-year mine would produce a total of 324 million lb. of copper, 185,000 oz. of gold, 15.8 million lb. of molybdenum and 3 million oz. of silver over its lifetime, at an all-in sustaining cash cost of US$2.09 per lb. of copper. With an initial capital outlay of $64 million, the after-tax net present value estimate for the development came in at $186 million, at a 5% discount rate and based on US$3 per lb. copper, with an 81% internal rate of return. Shortly after closing a $6 million non-brokered flow-through private placement and a $500,000 non-brokered private placement in October, the company started a 10,000-metre core drilling program at the Seel Trend within Ootsa. Two drills are working at the site – one is testing potential extensions of the deposits, with a second testing targets along the Seel trend. New targets include the East and West anomalies. The East anomaly covers an area of 900 metres by 400 metres; the West target includes a geophysical and copper-in-soil anomaly over an area of 1,000 metres by 200 to 300 metres. The seven km Seel trend is one of two porphyry trends at the site. The Ox-Huckleberry trend extends over seven km at Ootsa. In November, Surge released assay results for the upper portion of the first hole from this year’s drill program at Ootsa – the upper part of the drillhole hit 176.1 metres of 0.72% copper-equivalent and was drilled through the East Seel deposit. Assays from the lower part are expected in the coming weeks. Surge Copper has a $50.8 million market capitalization. TNM

GLOBAL MINING NEWS

Caldas Gold to become Aris Gold; proposes new all-star board COLOMBIA

| $85M to be raised through a subscription receipt offering

BY ALISHA HIYATE ahiyate@canadianminingjournal.com

aldas Gold (TSXV: CGC) is raising $85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name — Aris Gold. Once the financing is completed, the expansion of Caldas Gold’s Marmato mine in Colombia will be fully financed, with construction expected to begin in the second half of 2021. The new management team will be led by Neil Woodyer as CEO, who will take the reins from current CEO Serafino Iacono. Woodyer is the former CEO of Leagold Mining, now part of Equinox Gold (TSX: EQX; NYSE-AM: EQX), and a founder of Endeavour Mining (TSX: EDV). The new board nominees include Ian Telfer (former CEO of Goldcorp and Wheaton River Minerals) as chair; David Garofalo, former CEO of Goldcorp and Hudbay Minerals (TSX: HBM; NYSE: HBM); Peter Marrone, CEO of Yamana Gold (TSX: YRI; NYSE: AUY); Attie Roux, former COO of Endeavour Mining and Equinox Gold; Daniela Cambone (former editor-in-chief of Kitco News) and Woodyer. After the financing is completed, Gran Colombia Gold (TSX: GCM) will become a 45% shareholder in Caldas Gold and will have the right to appoint two directors to Aris Gold, which will be Iacono and Hernan Martinez. In addition, Frank Giustra will act as a strategic advisor. The incoming board and strategic advisor will account for $38 million of the subscription receipt financing. “We believe the Marmato mine with its current production and expansion plans supported by a large-scale gold resource represents an ideal platform for us to build a major gold mining company,” Woodyer stated in a press release announcing the launch of the new Aris Gold. “With this $85 million financing, the existing US$110 million streaming financing with Wheaton Precious Metals and new support from Orion Mine Finance, the MDZ expansion program is fully funded. We are thankful to have the continued support of Gran Colombia in this placement, as we transition the company into full independence.” Iacono is executive chairman of Gran Colombia and CEO and executive chairman of Caldas Gold. Marmato was previously a Gran Colombia project, which the junior spun off into Caldas Gold early this year. “I am extremely excited to introduce a new leadership team and financing partners to Caldas Gold,” he said. “Marmato now has all the tools at its disposal to transition to an optimized and fully modern mine in Colombia. Importantly, the companybuilding track record of the Aris Gold team combined with the in-country experience of Gran Colombia will enhance the Marmato mine and MDZ expansion and help bring the new Aris Gold to the world stage.” In addition to Woodyer, the new proposed management team consists of many former Leagold and Endeavour team members, including Roux as a technical consultant; Doug Bowlby as senior vice-president, corporate; Ashly Baker as general counsel and corporate secretary; Robert Ecker as vice-president finance and CFO;

Caldas Gold workers on site at the Marmato project in Colombia.

and Richard Thomas as technical consultant; as well as Andrew Gubbels senior vice-president corporate development. On the closing of the transaction, change of control payments will be issued to existing management including Iacano, president Lomardo Paredes, chief financial officer Michael Davies and corporate secretary Amanda Fullerton totalling close to US$2 million, as well as cash severance payments of close to US$7 million. An independent committee relying on independent legal counsel approved both the Aris transaction and the payments to related parties. The non-brokered private placement subscription receipts financ-

CALDAS GOLD

ing is expected to close before the end of November. Caldas has also completed three other financings this year totalling US$230.5 million to fund Marmato. The underground mine, in Caldas, Colombia, produced 16,651 oz. gold and 23,404 oz. silver in the first three quarters of the year. A prefeasibility study released in July projected that an initial capital investment of US$269.4 million for expansion into the Marmato Deep Zone would result in production of 165,400 oz. gold per year from 2024 through 2033 at an all-in sustaining cost of US$872 per ounce. The expansion study was focused on the construction of a new 4,000 tonne

per day plant and new dry stack tailings storage facilities, and the introduction of mechanized mining (longhole stoping) in 2023. Marmato contains measured and indicated resources of 39.4 million tonnes grading 3.2 grams gold per tonne for 4.1 million ounces. That includes proven and probable reserves of 19.7 million tonnes grading 3.19 grams gold per tonne and 6.87 grams silver per tonne for 2 million oz. gold and 4.3 million oz. silver. In addition to Marmato, Caldas holds the Juby gold project, 100 km south of Timmins, Ont. TNM This article first appeared in the Canadian Mining Journal, part of Glacier Resource Innovation Group.

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GMS From 2

cybersecurity attacks. In particular, how they can defend against attacks on operational technologies, which are often integrated and automated systems that target processes such as raw material supply, manufacturing and production, logistics and distribution. Attacks against any part of the supply chain can cause substantial asset, capacity, and financial damage to the company. Simanikas described how attitudes are beginning to change in the mining industry towards cybersecurity threats. “About three or four years ago, if I had started talking to the board or the executive team about operational technologies, it would have been challenging to get as much buy-in,” she said, but that has changed, partly through efforts to educate the workforce about what cybersecurity means and what the threats are. “We instill in them that it is everybody’s responsibility.” “By making everyone part of our cybersecurity framework, it’s much easier to have these types of conversations,” Simanikas said. “It’s all about establishing a relationship first and that sense of trust and awareness of what do we mean by cybersecurity threats and what we can do about them.” Even so, she said, there can be concern at the site-level that introducing cybersecurity protections could disrupt their operations or affect production. Dundee Precious Metals’ Rae noted that the mining industry hasn’t traditionally considered the risks posed by threats on their IT systems or operational processes. “We realised how narrow our view was in terms of the risk and how much greater our response needed to be,” he said.

Clockwise from top-left: Effie Simanikas, Iamgold vice president, operations, finance and information technology; David Rae, president and CEO of Dundee Precious Metals; moderator Yogen Appalraju, partner and cybersecurity leader at Ernst & Young Canada; and Chandra Majumdar, Ernst & Young cyber threat management leader. TNM

“As we began to understand the risks better, we undertook a cybersecurity maturity assessment that identified around 20 different items, filtered that down to eight priority areas, and then put together a plan to address them.” In building the different cybersecurity layers, companies have to be diligent and continually test their thinking to ensure that any new controls are adequate, he added. Applaraju pointed out that many companies treat cybersecurity as a project rather than a journey and Simanikas outlined a list of priorities in order to tackle the problem. “First and foremost, there should be regular communication to the

C-suite and the board on what are the cybersecurity threats and how they are evolving,” she said. “This approach makes cybersecurity part of the company’s culture.” Running multiple projects in which non-IT personnel are made aware of the threats to cybersecurity and how the company plans to protect against them, could also be a valuable approach, she noted. Regular presentations to the board, an understanding of what each current phase and future phase of a cybersecurity program looks like, regular E-learning activities, and dashboard and communication meetings, can also help create a culture of cybersecu-

rity awareness within the company, Simanikas said. “If you want to see it as a project, that’s fine, but be aware that it’s a hundred-year project with multiple phases. Rae echoed Simanikas’ view that the approach should involve understanding priorities, identifying a company’s maturity level, and measuring progress against a company’s goals.“We’re fortunate that our board has been engaged from day one when we identified several threats that the board was seeing, and it became necessary to look at how we could set up appropriate governance,” Rae said. However, he noted that the intro-

duction of the General Data Protection Regulation (GDPR) in Europe last year placed the onus on companies to protect their staff’s personal information. “As all of our gold mining operations are in Europe, there is an expectation from local governments, as well as shareholders and employees, around cybersecurity that has driven the need for companies to prioritise cybersecurity,” Rae said. Company boards need to provide C-suite executives with the space to make the appropriate decisions, Rae continued, and the complexity of GDPR provided the necessary licence, backing, and funding to develop a comprehensive cybersecurity strategy. GDPR contains provisions and requirements around the processing of data for individuals located in the EU and European Economic Area (EEA) countries and the transfer of this data outside the EU and EEA areas. It applies to any organisation that is processing the personal information of employees inside the EEA, regardless of its location or the employee’s citizenship or residence status. Applaraju noted that about 75% of cybersecurity breaches exploited employees of companies, who provide a potential portal for would-be attackers. Mujumdar expressed surprise that this figure was not closer to 90%, given that, on a daily basis, about 95% of cybersecurity attacks are on employees. He noted that cyberattackers have to come through an employee to gain access to operational technologies, which usually happens through an email. “The key to protecting a company from these types of attacks is to make cybersecurity an integral part of an organization’s culture.” TNM

ALASKA From 7

grading 6.1 grams gold, 5.8 grams silver, 0.6% copper, 5.9% zinc, and 0.8% lead (10.9 gold equivalent grams) for 417,000 oz. contained gold, 397,000 oz. of silver, 26.8 million lb. of copper, 275.3 million lb. of zinc, and 37.6 million lb. of lead (750,000 oz. of gold equivalent). Inferred resources add 581,000 tonnes grading 2.1 grams gold, 8.7 grams silver, 0.5% copper, 6.7% zinc, and 0.3% lead (7.2 grams gold equivalent) for 38,000 oz. of gold, 162,000 oz. of silver, 6.9 million lb. of copper, 85.5 million lb. of zinc, and 4.2 million lb. of lead (134,000 gold equivalent). “The JT deposit has that rare combination of high-grade mineralisation with bulk tonnage and has the potential for significant development laterally and to depth,” Green said. “All these attributes are very attractive from a mining engineering standpoint and should translate to a lower-cost underground mine.” The company began its 2020 drill program in late June, starting with two drills and then adding a third in July. Initially, it had planned for a 7,000-10,000 metre drill program, which, Green said, then increased to 15,000 metres. HighGold completed 33 drill holes totalling 16,420 metres in October. “Successive step-outs from the main deposit significantly expanded the known mineralisation,” Green said. “The deposit has now been intersected over a strike length of 250 metres and down-plunge 315 metres and remains open to the northeast, southwest, and at depth.” The deposit sits within a mineralised alteration trend that extends for 10-12 km with at least nine other mineral prospects that have seen very little past work. Concurrent with the drill program, the company undertook early exploration work to advance these prospects in readiness for its 2021 exploration program. The work

Helicopter atop a mountain at HighGold’s Johnson Tract project in Alaska.

included mapping, prospecting, 23 km of geophysical surveys, collecting 1,200 soil and silt samples, and 600 rock samples. According to Green, the JT deposit doesn’t fit easily within a deposittype and has been described as a Volcanogenic Massive Sulphide (VMS) deposit or an epithermal deposit. Although JT doesn’t host massive sulphides, he noted, it has base metal grades often associated with VMS deposits. The most comparable deposit to JT, he continued, is Sandstorm Gold Royalties’ (TSX: SSL; NYSE: SAND) Hod Maden project in Turkey. Both

deposits share the same combination of very high grades over very wide widths hosted by submarine volcanic rocks that appear to share epithermal and VMS like characteristics, he explained. “Although we don’t have any economics for JT yet, Hod Maden is currently a little over three times the size of JT and has reported extremely attractive economics,” Green said. “So this is the target we’ve set for ourselves.” A preliminary economic assessment of Hod Maden in 2018 forecast an after-tax net present value of US$1.1 billion, at a 5% discount rate, and an

HIGHGOLD MINING

internal rate of return of 50% using a gold price of US$1,300 per ounce. HighGold is now waiting for assays for 23 holes from the 2020 drill program. The results are expected in the next few months and should help guide the design of the 2021 exploration program. “Although some momentum is lost during the shutdown over the winter months, this gives our geological team plenty of time to come up with a plan to hit those next big drill intersections,” he said. “The upside to the seasonality in Alaska is that the sun shines for a long time in the summer, and you can double

up on your efforts to compensate, allowing you to ‘make hay while the sun shines.’” The company has around $17 million in the treasury and is fully funded to continue exploration in 2021, Green said, adding that he expects to scale up exploration efforts when its team returns to the property next May. At press time in Toronto, HighGold was trading at $1.68 per share within a 52-week trading range of 57¢ and $3.14. The company has around 45 million common shares outstanding for a $74.9 million market capitalization. TNM

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DECEMBER 7—20, 2020 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / NOVEMBER 23 – 27 The S&P/TSX Composite Index rose 2.22% to 17,396.56 during the Nov. 23-Nov. 27 trading week. The S&P/TSX Global Mining Index increased by 0.27% to 94.34, and the S&P/TSX Global Base Metals Index jumped 5.85% to 125.88. Spot gold dropped US$67.30 per oz., or 3.62%, to US$1,787.70 per oz., and the S&P/TSX Global Gold Index fell by 4.85% to 308.12. Lundin Mining rose $1.27 to $10.32 per share. A union that went on strike for more than a month at the company’s Candelaria copper mine in Chile has accepted a new 35-month collective agreement, the company reported on Nov. 27. The Candelaria Mine Workers Union represents about 350 workers at the mine. The company has reached agreements this year with all five unions representing employees at the Candelaria Copper Mining Complex. Lundin said the safe ramp-up to full capacity is underway at the mine, which produced 101,060 tonnes of copper in 2019. The company plans to reintroduce its 2020 guidance for the operation in its forthcoming annual outlook update. Shares of Hudbay Minerals climbed 73¢ to $8.50 per share. The company announced on Nov. 25 that full production had resumed at its

777 zinc-copper mine in Flin Flon, Manitoba, following a skip hoist incident in October that forced the company to temporarily halt operations. The Toronto-based company resumed limited operations in late October, while completing repairs to the damaged shaft, which cost less than the initial $5 million estimate, the company said. Hudbay temporarily reassigned equipment and staff from the 777 mine to the Lalor mine in Snow Lake in an effort to offset lost production. The miner said that while fourth-quarter production and sales volumes will be impacted, it continues to expect its Manitoba business unit to achieve its full-year production and unit cost targets for 2020. The 777 mine is near the end of its TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Nthn Dynasty Barrick Gold B2Gold Corp Kinross Gold Trevali Mng Nevada Copper Yamana Gold First Quantum Lundin Mng

SU NDM ABX BTO K TV NCU YRI FM LUN

68736 31805 27748 20065 19309 16580 16046 12581 10767 10174

23.48 1.18 31.58 7.39 9.75 0.23 0.12 6.88 18.55 10.41

WEEK LOW CLOSE CHANGE

20.53 0.43 28.84 6.73 9.00 0.18 0.08 6.40 17.21 9.13

22.41 0.48 29.45 7.03 9.33 0.21 0.12 6.66 18.04 10.32

+ + + +

2.24 0.67 2.30 0.42 0.50 0.01 0.03 0.28 0.49 1.27

productive life, with closure slated for 2022. Nevada Copper rose 3¢ to 12¢ per share. The company has agreed to non-binding terms with its senior lender, Kf W IPEXBank, for a new $15 million loan, with a three-year tenor, at an interest rate of LIBOR plus 4.9%. The new KfW loan is expected to have a 12-month repayment holiday period. In addition, amortization and debt service

account payments under the company’s existing senior project loan facility with KfW are expected to be deferred until 2023. The company is focused on continued production ramp-up at its Pumpkin Hollow underground mine in Nevada, which started production in December 2019. The underground mine is capable of producing 50 million lb. of copper per year over a 13.5-year mine life. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Nevada Copper Amerigo Res Karnalyte Res New Milln Iron Platinum Gp Mt Fission Uran Golden Mnls Laramide Res EurOmax Res Forsys Metals Nthn Dynasty INV Metals Talon Metals Silvercorp Met Mandalay Res St Augustine Xanadu Mines Northcliff Res Goldgroup Mng Moneta Porcpn

NCU ARG KRN NML PTM FCU AUMN LAM EOX FSY NDM INV TLO SVM MND SAU XAM NCF GGA ME

16046 1234 46 8568 558 5225 465 1489 457 355 31805 488 3422 4883 416 2137 461 183 223 1231

0.12 0.78 0.25 0.29 3.25 0.31 0.75 0.26 0.04 0.19 1.18 0.48 0.40 9.32 1.58 0.07 0.05 0.04 0.04 0.14

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.08 0.56 0.00 0.20 2.80 0.23 0.60 0.21 0.03 0.15 0.43 0.37 0.30 7.46 1.17 0.05 0.00 0.04 0.04 0.12

0.12 0.77 0.25 0.28 3.22 0.28 0.75 0.25 0.04 0.19 0.48 0.38 0.32 7.82 1.32 0.06 0.04 0.04 0.04 0.12

+ + + + + + + + + + -

37.1 28.3 22.0 21.7 19.3 19.1 19.0 19.0 16.7 15.6 58.3 22.4 19.2 16.7 15.9 15.4 12.5 12.5 12.5 11.1

Nutrien Teck Res Suncor Energy Labrador IOR Lithium Amer Ero Copper Lundin Mng Teck Res HudBay Min Jaguar Mng Newmont Corp Agnico Eagle Wheaton Prec M Newcrest Mg Barrick Gold Pan Am Silver Kirkland Lake Silvercorp Met Endeavour Mng MAG Silver

NTR TECK.A SU LIF LAC ERO LUN TECK.B HBM JAG NGT AEM WPM NCM ABX PAAS KL SVM EDV MAG

6338 37 68736 866 4913 1243 10174 8354 5257 1668 525 3094 6330 7 27748 2481 5395 4883 3846 893

WEEK CLOSE

CHANGE

64.30 24.90 22.41 26.31 15.45 22.48 10.32 20.87 8.50 6.95 75.70 84.19 51.01 25.02 29.45 38.16 52.02 7.82 29.64 19.29

+ + + + + + + + + + -

4.97 2.68 2.24 2.00 1.91 1.87 1.27 1.17 0.73 0.55 4.77 4.29 3.01 2.57 2.30 2.14 1.90 1.57 1.46 1.34

TSX VENTURE EXCHANGE / NOVEMBER 23 – 27 The S&P/TSX Venture Exchange advanced 5.51% or 0.74% to 749.20 during the Nov. 23-27 trading week. Spot gold fell US$67.30 per oz. or 3.62% to US$1,787.70 per ounce. Great Bear Resources posted the biggest gain of the trading week, rising $2.04 to $17.68 per share. The company reported drill results from its fully-funded $21 million exploration program at its 100%-owned Dixie project, about 25 km southwest of Red Lake, Ontario. The latest results are from holes spaced 40-150 metres apart in previously undrilled gaps and step-outs on a 4,200 metre by 500 metre drill grid on the LP zone. Highlights included drill hole BR-212, which intersected 101.5 metres grading 4.69 grams gold per tonne starting from 92 metres, including 5.25 metres grading 41.25 grams gold from 131 metres. Hole BR-212 returned the highest-grade central mineralised interval of 0.5 metres grading 181 grams gold from 133.75 metres and is the longest multi-gram gold interval on the project to date, the company said. Whitehorse Gold commenced trading on the TSX Venture Exchange on Nov. 25 and finished the trading week at $1.50 per share, up 80¢. It has about 42.66 million common shares outstanding. The company was recently spun out from New Pacific Metals Corp. and

closed a $6.79 million non-brokered private placement of common shares. The Yukonfocused junior wholly owns the past-producing Skukum gold project, about 55 km south of Whitehorse. Exploration will focus on three gold deposits: Skukum Creek, Goddell and Mt. Skukum, which the company says all remain open, as well as other underexplored gold zones on the property. Whitehorse Gold says the project contains 274,544 oz. of gold and 5.36 million oz. of silver in the indicated category and 223,873 oz. gold and 1.91 million oz. silver in the inferred category. Shares of K92 Mining climbed 55¢ to $7.30. The company reported positive results from a bulk sample from the Judd Vein at its Kainantu gold mine in Papua New Guinea. The TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold HIVE 51040 Nouveau Monde NOU 10201 Arcturus Vent MILE 8463 Rover Metals ROVR 5820 MetalCorp MTC 5181 Noram Vent NRM 4935 Rodinia Lithm RM 4757 NuLegacy Gold NUG 4347 Neo Lithium NLC 4111 Kenadyr Mining KEN 4010

1.26 0.82 0.03 0.13 0.09 0.52 0.31 0.20 1.58 0.04

WEEK LOW CLOSE CHANGE

0.78 0.56 0.03 0.07 0.06 0.30 0.15 0.16 1.43 0.03

0.98 + 0.70 0.03unch 0.09 + 0.07 0.52 + 0.25 + 0.19 + 1.51 + 0.03 -

0.26 0.10 0.00 0.02 0.02 0.22 0.11 0.01 0.03 0.01

gold, 97.5% for copper and 88.2% for silver, similar to the Kora deposit at the Kainantu mine. In addition, K92 said it has extended underground development by an additional 114 metres along the Judd 1235 Level J1 Vein. The Kainantu property covers a total area of about 725 sq. km. and was previously mined by Highlands Pacific and Barrick Gold from 2006-2009. K92 declared commercial production at Kainantu in February 2018. TNM

underground bulk sample returned a head grade of 5.19 grams gold per tonne, 0.82% copper and 10.9 grams silver per tonne (6.50 grams gold equivalent per tonne) compared to the projected average bulk sample diluted grade of 4.4 grams gold, 0.7% copper and 10.6 grams silver (5.57 grams gold-equivalent) from underground development channel sampling. The treatment of the 4,256 tonne sample via flotation also delivered recoveries of 88.8% for

TSX-V GREATEST VALUE CHANGE

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

Handa Mining Whitehorse GC Blue River Res VVC Expl Rodinia Lithm St. James Gold Olivut Res Noram Vent Tsodilo Res Rockwealth Res Alliance Mng Comstock Mtls Camino Min Paleo Resource Highbank Res Stakeholdr Gld BMEX Gold Omai Gold Central Afric Opus One Gold

HAND WHG BXR VVC RM LORD OLV NRM TSD RWR.H ALM CSL COR PRE HBK SRC BMEX OMG CAGR OOR

29 26 60 3405 4757 493 1892 4935 626 130 11 144 1715 808 7 185 359 2315 126 687

0.06 1.50 0.01 0.15 0.31 0.35 0.11 0.52 0.29 0.10 0.40 0.16 0.17 0.02 0.01 0.44 0.74 0.27 0.25 0.07

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.01 0.00 0.01 0.07 0.15 0.20 0.05 0.30 0.13 0.06 0.00 0.10 0.10 0.01 0.00 0.32 0.42 0.15 0.17 0.05

0.06 1.50 0.01 0.14 0.25 0.27 0.11 0.52 0.29 0.10 0.40 0.10 0.11 0.01 0.01 0.33 0.50 0.17 0.17 0.06

+ 200.0 + 114.3 + 100.0 + 100.0 + 78.6 + 76.7 + 75.0 + 73.3 + 70.6 + 66.7 - 100.0 - 37.5 - 34.4 - 33.3 - 33.3 - 33.3 - 33.3 - 32.0 - 32.0 - 31.3

Great Bear Res Tanqueray Expl Whitehorse GC K92 Mining O3 Mining Rupert Res Solaris Res Caldas Gold Amex Expl Aurania Res Till Capital Novo Res Fosterville Metalla Rylty Los Andes Cornerstone Ca New Found Gold Regulus Res Golden Valley

GBR IPA WHG KNT OIII RUP SLS CGC AMX ARU TIL NVO FSX MTA LA CGP NFG REG GZZ

WEEK CLOSE

357 17.68 284 10.02 26 1.50 2683 7.30 456 2.95 475 5.51 878 5.80 1226 2.34 495 3.22 82 3.79 2 2.96 2879 2.24 1067 2.29 160 11.37 47 6.20 42 5.40 1304 4.03 1038 0.96 26 7.28

CHANGE

+ + + + + + + + + + -

2.04 1.67 0.80 0.55 0.49 0.41 0.40 0.37 0.30 0.27 1.04 0.78 0.76 0.64 0.45 0.40 0.36 0.28 0.27

U.S. MARKETS / NOVEMBER 23 – 27 The Dow Jones Industrial Average rose 2.21% to finish the week at 29,910.37 and the S&P 500 climbed 2.27% to 3,638.35. Spot gold dropped US$67.30 per oz., or 3.62%, to US$1,787.70 per ounce. Vale jumped US$2.05 to US$14.73 per share. The company announced that it had received approval from environmental authorities in the northern state of Para, Brazil, to resume expansion activities at its Serra Leste iron ore mine, 50 km from Curionópolis. The expansion includes the refurbishment of a mill that is scheduled to increase capacity to 10 million tonnes per year by early 2023. The development of both the mine and mill was halted in January 2019 after the company reached the limit of the area licensed for extracting iron ore. Serra Leste, which has a production capacity of six million tonnes of mineralized material per year, is expected to produce between four and five million tonnes per year in 2021 and reach six million tonnes in 2022. Shares of Teck Resources rose by US94¢ to US$16.00 per share. The company is increasing its steelmaking coal sales to China in the fourth quarter in response to increased demand. Teck said sales have been at higher pricing levels

compared to markets outside China. Teck, the world’s second-largest seaborne coking coal miner, is seeing stronger-than-expected met coal demand in China, after authorities reportedly warned buyers to avoid Australian coal. Contract sales to Chinese customers, Teck said, are priced on the basis of Chinese price assessments of cost and freight (CFR). The most recent three cargos, it said, were sold at prices of between US$160 per tonne and US$165 per tonne CFR China. The company said that it is now targeting sales to China of approximately 7.5 million tonnes in 2021. Kirkland Lake Gold fell US98¢ to US$40.22 per share. The company announced that it has U.S. MOST ACTIVE ISSUES VOLUME (000s)

HIGH

Vale* VALE 262924 14.76 Barrick Gold* GOLD 170835 24.16 Freeport McMoR* FCX108932 2.27 United States S* X 89367 14.88 Yamana Gold* AUY 74079 5.27 Cleveland-Clif* CLF 73440 11.60 Kinross Gold* KGC 60168 7.47 Chevron Corp* CVX 56326 95.82 Gold Fields* GFI 45198 9.38 Newmont Corp* NEM 38789 61.22

WEEK LOW CLOSE CHANGE

12.88 14.73 + 2.05 22.22 22.69 - 1.59 24.08 21.3823.52+ 11.18 4.89 9.37 6.88 86.76 8.35 56.55

14.55 + 3.59 5.11 - 0.21 11.29 + 2.06 7.11 - 0.41 91.31 + 5.52 8.72 - 0.93 58.48 - 3.17

finalised an option agreement with Wallbridge Mining on its Detour East property, about 11 km east of Kirkland Lake Gold’s Detour Lake gold mine. The companies had previously signed a non-binding term sheet for a joint venture on the property. Under the option agreement, Kirkland Lake may acquire a 50% interest in the Detour East property by funding phase 1 expenditures of C$7.5 million over five years,

with a minimum commitment of C$2 million in the first two years. Once the option is completed, the two companies will then form a JV on Detour East, with Kirkland Lake acting as the operator. Kirkland Lake will have the right to acquire an additional 25% interest in the joint venture by incurring a further C$27.5 million on the project within five years. TNM U.S. GREATEST VALUE CHANGE

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

Peabody Enrgy* United States S* Cleveland-Clif* Arch Resources* Vale* Mosaic* CONSOL Coal Rs* Suncor Energy* NACCO Ind* Lithium Amer* Gold Fields* Harmony Gold* Hecla Mining* Buenaventura* Eldorado Gold* Barrick Gold* Coeur Mng* Wheaton Prec M* Kinross Gold* Alamos Gold*

BTU X CLF ARCH VALE MOS CCR SU NC LAC GFI HMY HL BVN EGO GOLD CDE WPM KGC AGI

18613 89367 73440 2282 262924 33171 898 35253 104 30621 45198 30155 38077 5895 11101 170835 31018 14571 60168 20669

1.66 14.88 11.60 35.98 14.76 23.19 4.40 18.03 27.90 12.48 9.38 4.49 5.12 11.61 12.66 24.16 7.51 41.21 7.47 8.65

VOLUME (000s)

WEEK LOW CLOSE CHANGE

1.18 11.18 9.37 30.15 12.88 19.80 3.51 15.71 24.23 10.27 8.35 4.01 4.65 10.22 11.72 22.22 6.72 38.11 6.88 7.77

1.62 14.55 11.29 35.32 14.73 22.68 4.07 17.25 27.29 11.52 8.72 4.24 4.79 10.87 11.96 22.69 7.14 39.01 7.11 8.24

+ + + + + + + + + + -

38.5 32.8 22.3 18.4 16.2 15.7 12.1 11.9 11.8 11.4 9.6 9.0 7.0 6.8 6.6 6.5 6.2 5.5 5.5 5.4

Chevron Corp* CVX Arch Resources* ARCH MartinMarietta* MLM Nutrien* NTR Southern Copp* SCCO United States S* X Mosaic* MOS NACCO Ind* NC Rio Tinto* RIO Freeport McMoR* FCX Newmont Corp* NEM Agnico Eagle* AEM Wheaton Prec M* WPM Barrick Gold* GOLD AngloGold Ash* AU Kirkland Lake* KL Gold Fields* GFI Eldorado Gold* EGO Buenaventura* BVN Pretium Res* PVG

56326 2282 1583 8272 3844 89367 33171 104 11212 108932 38789 6744 14571 170835 20960 8748 45198 11101 5895 5628

WEEK CLOSE

91.31 35.32 271.01 49.41 60.85 14.55 22.68 27.29 66.05 23.52 58.48 64.47 39.01 22.69 21.41 40.22 8.72 11.96 10.87 11.11

CHANGE

+ + + + + + + + + + -

5.52 5.50 5.41 4.08 4.02 3.59 3.07 2.89 2.52 2.27 3.17 3.16 2.29 1.59 1.15 0.98 0.93 0.85 0.79 0.56

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 7—20, 2020

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, Nov 26 2020 (change from Nov 19, 2020 in brackets): Aluminium Alloy 5240 (-120) Aluminium 1383250 (-21175) Copper 152925 (-7450) Lead 112725 (-50) Nickel 240636 (+1326) Tin 3880 (-265) Zinc 221875 (+1600)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$52.75 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.60 Cobalt: US$14.51/lb. Copper: US$3.38/lb. Copper: CME Group Futures Jan. 2021: US$3.44/lb.; Feb. 2021: US$3.44/lb Iridium: NY Dealer Mid-mkt US$1,670.00/tr oz. Iron Ore 62% Fe CFR China-S: US$131.00 Lead: US$0.93/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$16,100.00 tr. oz. Ruthenium: Mid-mkt US$270.00/tr. oz. Silver: Handy & Harman Base: US$22.65 per oz.; Handy & Harman Fabricated: US$28.31 per oz. Tin: US$8.67/lb. Uranium: U3O8, Trade Tech spot price: US$29.35 per lb. U308 Zinc: US$1.25/lb. Prices current Nov.30, 2020

TSX SHORT POSITIONS

TSX WARRANTS 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 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys

Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry. Karora Resources Inc. (KRR.WT) - One

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Nov 15, 2020 (with changes from Oct 31, 2020) Largest short positions New Gold NGD 18219165 17005 10/31/2020 Fission Uran FCU 14754031 3258291 10/31/2020 Suncor Energy SU 14325394 -1281848 10/31/2020 Nexgen Energy NXE 12988128 413809 10/31/2020 Premier Gold M PG 10510405 167874 10/31/2020 Kinross Gold K 9772214 670020 10/31/2020 Fortuna Silvr FVI 9288123 -81697 10/31/2020 Ivanhoe Mines IVN 8999663 -202184 10/31/2020 Barrick Gold ABX 8427322 -906170 10/31/2020 Lundin Mng LUN 8262557 -2028000 10/31/2020 Wheaton Prec M WPM 8058989 -362103 10/31/2020 First Quantum FM 7166167 425725 10/31/2020 Silver Eleph ELEF 6879617 838237 10/31/2020 Endeavr Silver EDR 6648634 89011 10/31/2020 Argonaut Gold AR 6390124 -532464 10/31/2020 Largest increase in short position Taseko Mines TKO 3865129 3322056 10/31/2020 Fission Uran FCU 14754031 3258291 10/31/2020 Copper Mtn Mng CMMC 5506698 1741460 10/31/2020 Skeena Res SKE 1414930 918479 10/31/2020 Silver Eleph ELEF 6879617 838237 10/31/2020 Largest decrease in short position Gatos Silver GATO 26680 -23344064 10/31/2020 Sandstorm Gold SSL 3835219 -2131033 10/31/2020 Lundin Mng LUN 8262557 -2028000 10/31/2020 Golden Mnls AUMN 180006 -1749684 10/31/2020 Suncor Energy SU 14325394 -1281848 10/31/2020

Short positions outstanding as of Nov 15, 2020 (with changes from Oct 31, 2020) Largest short positions AbraPlata Res ABRA 6384248 430442 10/31/2020 Mako Mining MKO 4988298 -546562 10/31/2020 Discovery Met DSV 4750911 1128127 10/31/2020 Dolly Vard Sil DV 4130461 489128 10/31/2020 Oceanus Res SLVR 3966498 951676 10/31/2020 IMPACT Silver IPT 3237533 541742 10/31/2020 Aurcana Silver AUN 2621916 1862722 10/31/2020 Lion One Mtls LIO 2074174 -35937 10/31/2020 Southern Silvr SSV 2024376 892866 10/31/2020 Condor Res CN 1483803 1457337 10/31/2020 Labrador Gold LAB 1399068 950451 10/31/2020 Leeta Gold HIVE 1324585 548046 10/31/2020 Uragold Bay Rs HPQ 1299073 84024 10/31/2020 First Cobalt FCC 1282075 619852 10/31/2020 Palladium One PDM 1217473 233299 10/31/2020 Largest increase in short position Aurcana Silver AUN 2621916 1862722 10/31/2020 Condor Res CN 1483803 1457337 10/31/2020 Discovery Met DSV 4750911 1128127 10/31/2020 Aurelius Min AUL 1058008 1047343 10/31/2020 Oceanus Res SLVR 3966498 951676 10/31/2020 Largest decrease in short position Vendetta Mng VTT 17000 -2120348 10/31/2020 Novo Res NVO 512466 -1721349 10/31/2020 Nexus Gold NXS 165094 -1100133 10/31/2020 Artemis Gold ARTG 287793 -1075599 10/31/2020 Arcturus Vent MILE 102414 -761198 10/31/2020

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

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. 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.

Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. 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 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per

share. 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 warrant to purchase one common share at $4.25 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) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 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. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

DAILY METAL PRICES Date Nov 27 Nov 26 Nov 25 Nov 24 BASE METALS (London Metal Exchange – Midday official cash/3-month prices, US$ per tonne) Al Alloy 1646.50/1665 1641/1660 1640/1660 1640/1660 Aluminum 1975/1988.50 1961.50/1978 1967/1981.50 1964.50/1981 Copper 7462/7476.50 7356.50/7370.50 7238.50/7257.50 7302/7314 Lead 2053/2061 2031.50/2046.50 2030/2042.50 2006/2021 Nickel 16373/16414 16055/16073 15975/16028 16007/16068 Tin 19120/19090 18825/18780 18790/18750 18681/18688 Zinc 2760/2776.50 2754.50/2771 2727.50/2744.50 2745/2756

1644.50/1665 1969.50/1985.50 7215/7233.50 1990/2006.50 16017/16065 18820/18790 2756/2768

PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1808.05 1814.85 1808.55 Gold PM 1779.30 1807.40 1810.20 Silver 23.15 23.36 23.41 Platinum 949.00 958.00 955.00 Palladium 2362.00 2364.00 2332.00

1863.80 1840.20 23.91 946.00 2338.00

1818.10 1799.60 23.16 936.00 2329.00

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

Nov 27 1.2995 0.7695

Nov 26 1.3021 0.7680

Nov 25 1.3003 0.7690

Nov 24 1.2997 0.7694

Exchange rates (Quote Media, November 27, 2020) C$ to AUS C$ to EURO C$ to YEN 1.0422 0.6430 80.1750 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5782 5.0625 56.9116 US to AUS US to EURO US to YEN 1.3540 0.8359 104.0660 US to UK Pound US to China Yuan US to India Rupee 0.7515 6.5770 73.9364

Nov 23 1.3074 0.7649

C$ to Mex Peso 15.4190 C$ to Swiss Franc 0.6965 US to Mex Peso 20.0321 US to Swiss Franc 0.9050

C$ to SA Rand 11.7468 C$ to S. Korea Won 850.2729 US to SA Rand 15.2665 US to S. Korea Won 1105.0300

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

Nov 27 17396.56 749.20 1038.07 308.26 269.01

Nov 26 17351.34 746.17 1035.96 309.27 269.01

Nov 25 17313.07 746.30 1034.60 306.31 269.01

Nov 24 17274.25 734.95 1033.31 301.57 264.94

Nov 23 17094.53 743.69 1021.89 310.53 271.51

NEW 52-WEEK HIGHS AND LOWS NOV. 23-NOV. 27, 2020

Nov 23

High 17970.51 761.84 1070.48 416.84 359.81

Low 11172.73 330.65 683.81 173.42 140.55

GLOBAL MINING NEWS · SINCE 1915

130 New Highs Alliance Mng Altan Rio Min Amarc Res Amarc Res* Amerigo Res Amerigo Res* Andover Mng* Anglo American* Antofagasta* Arbor Metals Avalon Advance* BCM Res Black Mammoth* Black Mountain Blue Moon Zinc BlueBird Batt* Capstone Mng Cartier Iron CAT Strategic Chalice Gold M* Champion Iron Champion Iron* Clarity Gold* Cleveland-Clif* CNRP Mng

Cobalt Block* Commander Res Commander Res* Copper Mtn Mng Copper Mtn Mng* Copperbank Res Copperbank Res* Crown Mining Earl Res Endurance Gold Equitorial Ex Euro Manganese European Metal* Explorex Res Explorex Res* FireFox Gold FireFox Gold* First Quantum Fokus Mining Freeport McMoR* Frontier Lith Giyani Gold* Golden Secret Green Valley M Greencastle Rs Handa Mining High Point Exp

FundName Nov 27 ($) BMO Prec Mtls Fd A 26.36 BMO ZGD 74.38 BMO ZJG 73.15 CIBC Prec Metal Fd A 14.99 Dyn Prec Metls Fd A 13.18 Harvest HGGG 31.05 Horizons HEP 31.76 IG MacGbPreMetCl A 15.00 iShares XGD 19.25 Mac Prec Met Cl A 72.35 NBI PrecMetFd Invt 20.32 Ninepoint GLDE 18.90 Ninepoint GLDE.U 14.55 Ninepoint SLVE 18.59 Ninepoint SLVE.U 14.31 NPT Go&PrMinFd A 55.27 NPT SilverEquCl A 9.35 RBC GblPreMetFd A 59.98 RBC GblPreMetFd Adv 60.40 Sentry Pre Met Fd A 54.66 TD Prec Mtl Fd Inv 50.08

LEGEND

moliveira@ northernminer.com or 416-510-6768

St. James Gold Standard Lith Stuve Gold Surge Copper Syrah Res* Tanqueray Expl Tantalex Res Teck Res Tesoro Mnrls Tesoro Mnrls* Tsodilo Res Turquoise HIl Turquoise HIl* UC Res* United States S* Vale* Valley High Mg* Vanadiumcorp Vanadiumcorp* Victory Metals Victory Metals* VVC Expl VVC Expl* Xemplar Egy*

26 New Lows Aben Resources Advance Gold

American CuMo Core Assets Cyon Explor Diamond Disc* Gatling Explor Gatos Silver GFG Resources Guyana Goldstr Inflection Res Le Mare Gold* Makara Mining* Matmown* Montage Gold Mosaic Min Napier Vent* Nthn Dynasty Omai Gold Quadro Res* Ridgeline Min Silver Dollar* Southern Emp Sun Peak Metal Talisker Res Tyhee Gold*

Nov 20 ($) 27.41 77.11 75.60 15.63 13.11 32.50 33.23 15.66 20.21 75.61 20.96 19.53 14.92 19.19 14.67 57.11 9.67 61.25 61.69 55.74 52.44

Change ($) -1.04 -2.73 -2.45 -0.64 0.07 -1.44 -1.30 -0.66 -0.96 -3.26 -0.64 -0.62 -0.37 -0.60 -0.36 -1.83 -0.33 -1.28 -1.29 -1.08 -2.36

Change (%) -3.80 -3.54 -3.24 -4.10 0.51 -4.44 -3.92 -4.20 -4.73 -4.31 -3.05 -3.19 -2.48 -3.15 -2.44 -3.21 -3.36 -2.08 -2.08 -1.93 -4.50

YTDChange (%) 29.91 29.22 27.66 35.55 53.66 39.88 24.71 43.20 34.36 44.67 37.94

MER (%) 2.41 0.61 0.60 2.43 2.73 0.94 0.83 2.66 0.61 2.52 2.46

48.30 48.11 43.90 43.88 46.32 33.04

3.19 2.98 2.10 2.09 2.32 2.27

TotalAssets (M$) 64.25 229.45 116.39 72.26 707.81 9.50 40.22 1455.25 83.07 40.65

551.19 3.07 382.10 170.83

A – Australian Securities Exchange

Contact:

New Oroperu Newport Expl Nexco Res Noram Vent Noram Vent* Nutrien Nutrien* Olivut Res Orocobre OZ Minerals* Pacific Silk Philex Mng* Prism Res Pure Energy Rainforest Res* Rio Tinto* Rockex Mng Rodinia Lithm Rover Metals Scandium Intl Scandium Intl* Search Mnls* Sherritt Intl Silverore Mns* Solaris Res Solaris Res* Southern Copp*

CANADIAN GOLD MUTUAL FUNDS

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

HudBay Min HudBay Min* Intl Battery Intl Battery* Intl Zeolite Intl Zeolite* Intrepid Pots* InZinc Mining* Jervois Mining* Jubilee Metals* Kuya Silver* Leeta Gold Los Andes Lundin Mng Lundin Mng* Lynas Corp* Marathon Gold* Mariner Res* Matachewan Con Millennial Lit Millennial Lit* Mkango Res Montero Mg&Ex Mosaic* MPV Explor New Milln Iron New Milln Iron*

C – Canadian Stock Exchange

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.

L – London Stock Exchange N – New York Stock Exchange O – U.S. over-the-counter Q – NASDAQ or U.S. OTC T – Toronto Stock Exchange V – TSX Venture Exchange X – NYSE American *

– Denotes price in U.S.$

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

D EC EMBER 7 – 2 0 , 2 0 2 0

WWW. NOR T H ER NMINER . C OM

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MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: NOVEMBER 23–27, 2020 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1911 Gold* 1911 Gold 79 Resources 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 AbraPlata Res* AbraPlata Res Academy Metals Adamera Min* Adamera Min Adex Mining Advance Gold Adventus Adventus* AEX Gold Affinity Metal* African Gold African Gold* African Min* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd* Aguila Amer Gd AJN Resources Alamos Gold Alamos Gold* Alaska Pac Egy* Alcoa* Aldebaran Res* Aldebaran Res Alderon Iron* Aldever Res Aldever Res* Alexandra Cap* Alexco Res* Alexco Res Alianza Min* Alianza Min Alien Metals* 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 Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls * Altius Mnrls Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo American CuMo* American Lith* American Lith American Mang* American Mang American Pac AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Amex Expl* Amex Expl Amilot Capital* Amilot Capital Anaconda Mng* Anaconda Mng 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* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antofagasta* Apex Res * Apex Res Apollo Gold Apollo Gold* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archon Mineral* Archon Mineral Arctic Star* Arctic Star Arcturus Vent* 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 Arianne Phosph Arianne Phosph* Arizona Metals* Arizona Metals Arizona Silver Arizona Silver*

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

451 670 45 103 608 901 224 244 1760 214 363 432 3 12 1783 3346 9 125 633 30 229 240 17 199 34 1016 508 15 1066 6744 3094 60 0 116 84 5096 20669 11773 29317 31 56 78 8 0 1115 4341 885 264 2178 371 440 491 11 2659 2699 316 25 65 232 41 8 51 1499 4187 847 3372 354 100 830 741 63 390 50 650 5 354 654 602 1 627 544 189 205 155 564 373 32 1444 1906 280 576 164 15 281 1591 719 838 5042 3445 628 865 756 201 3034 1544 1234 189 381 495 0 87 338 905 11 8 30 744 4 70 8 953 48 842 2 1 20960 9 129 17 19 4 106 5 1 25 234 1 2125 878 1915 828 637 111 2282 0 6 7 1425 319 8463 6 56 280 28 284 1060 336 617 54 688 2 719 945 5 648 5063 467 192 6 200 131 166

0.38 0.49 0.13 0.15 0.06 0.08 0.14 0.18 0.17 0.12 0.05 0.06 19.68 26.00 0.26 0.34 0.09 0.06 0.08 0.01 0.11 0.90 0.66 0.77 0.21 0.19 0.14 0.00 0.75 67.32 88.02 0.00 0.31 0.55 0.22 11.29 8.65 0.00 21.19 0.30 0.39 0.03 0.15 0.00 0.17 2.52 3.40 0.11 0.15 0.02 0.30 0.23 0.40 4.72 1.08 1.44 0.23 0.32 0.68 0.51 0.05 0.06 0.71 0.56 0.22 0.29 0.07 0.06 0.04 0.16 0.12 0.02 0.14 0.24 0.15 8.75 11.40 0.13 0.08 0.03 0.02 1.05 0.74 5.34 0.07 0.05 0.04 0.00 0.10 0.07 0.31 0.24 0.01 0.22 0.28 0.04 0.03 1.19 1.51 0.16 0.21 0.19 0.03 2.70 3.53 0.78 0.57 2.43 3.26 0.00 0.07 0.45 0.58 0.01 0.01 0.05 0.07 0.02 0.03 0.04 0.06 31.29 15.50 2.17 21.60 21.83 0.53 0.68 0.04 0.06 0.20 0.29 16.70 0.09 0.10 0.64 0.55 0.33 0.42 0.01 0.10 0.14 1.95 35.98 0.15 0.24 0.04 0.04 0.03 0.03 0.01 0.03 0.11 0.09 0.01 0.03 0.27 0.20 0.07 0.08 0.15 0.19 0.20 0.14 2.00 2.50 0.21 0.15 0.50 0.67 0.31 0.24

0.34 0.45 0.13 0.14 0.05 0.07 0.09 0.13 0.14 0.11 0.04 0.00 19.00 24.76 0.22 0.29 0.00 0.06 0.06 0.00 0.00 0.80 0.62 0.71 0.19 0.17 0.13 0.00 0.64 62.29 81.12 0.00 0.00 0.39 0.00 10.11 7.77 0.00 19.24 0.25 0.33 0.00 0.00 0.00 0.14 2.30 3.01 0.09 0.12 0.02 0.26 0.20 0.00 4.05 0.93 1.22 0.20 0.28 0.63 0.50 0.04 0.04 0.57 0.43 0.19 0.23 0.06 0.06 0.00 0.14 0.11 0.02 0.11 0.19 0.15 8.11 10.76 0.09 0.00 0.02 0.01 0.88 0.00 5.00 0.05 0.00 0.00 0.00 0.05 0.03 0.29 0.22 0.01 0.19 0.25 0.03 0.03 0.93 1.22 0.14 0.19 0.16 0.02 2.47 3.23 0.56 0.44 2.05 2.69 0.00 0.06 0.39 0.50 0.00 0.01 0.05 0.06 0.00 0.02 0.04 0.05 0.00 14.45 2.14 20.35 20.15 0.43 0.56 0.04 0.00 0.20 0.23 15.25 0.09 0.10 0.58 0.55 0.22 0.29 0.01 0.09 0.12 1.90 30.15 0.15 0.20 0.03 0.03 0.02 0.03 0.01 0.00 0.10 0.07 0.01 0.02 0.23 0.18 0.05 0.07 0.13 0.15 0.16 0.11 1.64 2.19 0.17 0.13 0.49 0.61 0.28 0.21

0.36 0.01 1.22 0.45 0.04 0.98 0.13 unch 0.00 0.15 0.15 unch 0.00 0.25 0.06 0.00 0.07 0.07 0.01 0.10 0.10 0.02 0.21 0.18 + 0.04 0.29 0.17 + 0.02 0.24 0.12 + 0.00 0.18 0.04 0.00 0.12 0.06 + 0.01 0.16 19.20 + 0.18 20.45 24.98 0.02 26.75 0.26 + 0.02 0.36 0.32 + 0.03 0.48 0.09 + 0.01 0.22 0.06 0.00 0.12 0.08 unch 0.00 0.16 0.01 unch 0.00 0.01 0.11 unch 0.00 0.29 0.87 + 0.02 1.60 0.65 + 0.02 1.18 0.75 unch 0.00 1.20 0.20 0.01 0.37 0.18 0.01 0.40 0.14 unch 0.00 0.30 0.00 unch 0.00 0.01 0.73 + 0.04 0.95 64.47 3.16 89.23 84.19 4.29 117.35 0.00 unch 0.00 0.00 0.31 unch 0.00 0.34 0.42 0.08 0.57 0.22 + 0.02 1.34 10.71 0.66 15.52 8.24 0.47 11.58 0.00 0.00 0.00 20.48 + 1.66 21.92 0.25 0.05 0.52 0.33 0.03 0.74 0.03 + 0.02 0.17 0.15 unch 0.00 0.22 0.11 unch 0.00 0.16 0.16 + 0.01 0.54 2.46 + 0.04 3.50 3.25 + 0.09 4.65 0.11 + 0.01 0.16 0.14 + 0.01 0.21 0.02 0.01 0.04 0.29 0.01 0.71 0.21 0.01 0.56 0.40 -97814431.61 0.63 4.64 + 0.62 12.02 1.02 0.06 1.24 1.36 0.05 1.60 0.21 + 0.01 0.29 0.28 + 0.01 0.36 0.68 + 0.02 0.81 0.50 + 0.00 0.61 0.05 + 0.01 0.19 0.04 0.01 0.12 0.71 + 0.12 1.45 0.54 + 0.09 1.13 0.20 + 0.01 0.24 0.27 + 0.02 0.30 0.07 unch 0.00 0.14 0.06 unch 0.00 0.11 0.04 + 0.01 0.04 0.16 + 0.01 0.26 0.11 0.01 0.19 0.02 unch 0.00 0.04 0.11 unch 0.00 0.14 0.21 + 0.01 0.25 0.15 unch 0.00 0.19 8.51 0.06 9.38 11.17 + 0.03 12.32 0.10 0.03 0.24 0.08 0.01 0.18 0.03 + 0.01 0.12 0.02 + 0.01 0.02 0.93 0.07 1.36 0.69 0.08 21.22 5.32 + 0.32 6.75 0.07 + 0.01 0.10 0.05 + 0.00 0.07 0.04 + 0.01 0.08 0.00 0.00 0.05 0.08 + 0.03 0.08 0.05 + 0.01 0.07 0.30 0.02 0.42 0.23 0.01 0.31 0.01 unch 0.00 0.02 0.22 + 0.02 0.38 0.26 0.01 0.50 0.04 unch 0.00 0.06 0.03 0.00 0.08 1.02 + 0.09 2.19 1.33 + 0.12 2.98 0.15 0.01 0.21 0.20 0.02 0.28 0.17 0.01 0.62 0.02 + 0.00 0.05 2.70 + 0.03 3.90 3.50 + 0.03 5.12 0.77 + 0.17 0.70 0.56 + 0.12 0.57 2.31 + 0.06 2.98 3.22 + 0.30 3.98 0.04 unch 0.00 0.04 0.07 + 0.01 0.08 0.40 0.03 0.59 0.52 0.05 0.78 0.01 + 0.00 0.02 0.01 + 0.01 0.01 0.05 + 0.00 0.12 0.07 + 0.01 0.16 0.02 0.00 0.05 0.02 unch 0.00 0.07 0.04 + 0.01 0.08 0.05 unch 0.00 0.10 29.50 + 0.97 31.29 15.07 + 0.81 15.50 2.15 0.02 3.54 20.80 1.00 38.94 21.41 1.15 38.50 0.49 0.03 1.16 0.65 0.03 1.51 0.04 0.00 0.07 0.06 unch 0.00 0.09 0.20 unch 0.00 0.38 0.23 0.06 0.49 16.70 + 1.58 16.70 0.09 unch 0.00 0.28 0.10 unch 0.00 0.38 0.59 0.08 1.68 0.55 unch 0.00 0.91 0.31 + 0.07 0.43 0.38 + 0.06 0.57 0.01 + 0.00 0.03 0.09 0.01 0.15 0.12 0.01 0.22 1.95 + 0.05 1.95 35.32 + 5.50 78.06 0.15 unch 0.00 0.31 0.20 0.04 0.41 0.03 0.01 0.09 + 0.01 0.12 0.04 0.02 unch 0.00 0.45 0.03 unch 0.00 0.29 0.01 unch 0.00 0.03 0.03 + 0.01 0.04 0.11 0.01 0.21 0.08 0.01 0.15 0.01 0.00 0.04 0.03 + 0.01 0.06 0.26 0.01 0.33 0.20 0.00 0.26 0.05 0.01 0.10 0.08 unch 0.00 0.13 0.13 0.02 0.23 0.17 0.02 0.31 0.20 + 0.03 0.35 0.11 0.03 0.24 1.77 0.07 2.63 2.32 0.11 3.42 0.19 0.01 0.34 0.15 0.01 0.25 0.49 unch 0.00 0.73 0.64 + 0.02 1.04 0.30 0.01 0.40 0.23 0.00 0.31

0.16 0.23 0.10 0.10 0.01 0.02 0.04 0.05 0.04 0.03 0.03 0.05 7.68 11.10 0.03 0.04 0.06 0.02 0.02 0.01 0.03 0.52 0.36 0.33 0.06 0.10 0.07 0.00 0.06 31.00 43.25 0.00 0.12 0.12 0.18 4.43 3.34 0.00 5.16 0.17 0.16 0.00 0.05 0.01 0.06 0.72 1.00 0.03 0.03 0.00 0.09 0.05 0.13 2.63 0.21 0.31 0.05 0.12 0.28 0.24 0.01 0.03 0.27 0.23 0.09 0.12 0.03 0.02 0.01 0.04 0.02 0.01 0.03 0.02 0.05 4.33 6.29 0.08 0.04 0.00 0.01 0.34 0.35 3.09 0.02 0.01 0.03 0.00 0.02 0.02 0.10 0.08 0.00 0.02 0.04 0.03 0.00 0.07 0.10 0.07 0.10 0.06 0.01 1.00 1.39 0.12 0.08 0.64 0.86 0.01 0.01 0.07 0.10 0.00 0.00 0.03 0.04 0.00 0.01 0.02 0.01 12.56 5.91 1.75 15.44 12.66 0.43 0.14 0.01 0.02 0.01 0.02 7.30 0.04 0.04 0.04 0.39 0.07 0.10 0.00 0.05 0.07 0.03 21.80 0.13 0.10 0.02 0.02 0.00 0.02 0.01 0.01 0.04 0.03 0.01 0.02 0.07 0.05 0.02 0.04 0.11 0.14 0.04 0.06 0.53 0.76 0.13 0.10 0.46 0.23 0.10 0.08

(100s) Stock

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12-month

High

Low

0.00 0.79 + 3.90 4.15 + 5.10 5.33 0.09 0.11 + 0.07 0.07 0.09 0.09 + 1.04 1.10 + 0.80 0.84 + 0.02 0.02 unch 0.02 0.02 unch 0.00 0.24 unch 0.05 0.05 unch 0.03 0.03 0.04 0.04 unch 0.17 0.19 + 0.23 0.25 + 0.01 0.01 + 3.49 3.77 + 0.10 0.10 0.13 0.13 0.00 0.06 + 0.36 0.42 + 0.49 0.54 + 0.01 0.01 + 0.03 0.03 unch 2.98 2.98 unch 0.00 0.30 unch 0.26 0.27 9.94 10.43 13.00 13.75 2.60 3.00 + 3.46 3.79 + 0.85 0.92 0.66 0.69 0.07 0.08 + 0.04 0.04 unch 0.05 0.06 unch 0.04 0.05 1.11 1.19 0.85 0.96 + 0.04 0.04 unch 0.06 0.07 0.19 0.27 + 0.01 0.01 unch 0.12 0.12 unch 0.16 0.16 0.20 0.20 0.16 0.16 + 0.26 0.28 0.06 0.07 + 0.08 0.09 + 0.17 0.20 unch 0.00 0.13 0.88 0.92 1.14 1.21 0.02 0.03 + 0.03 0.04 + 0.12 0.12 0.00 0.09 unch 0.05 0.07 unch 0.00 2.22 0.00 0.04 unch 0.00 0.07 unch 0.18 0.22 + 0.14 0.17 + 0.84 1.00 + 0.65 0.74 0.02 0.02 0.02 0.03 + 0.26 0.29 0.22 0.22 0.00 0.00 + 0.15 0.16 0.12 0.12 -

Armor Min Artemis Gold* Artemis Gold Asante Gold Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko* 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* Atlantic Indus Atlas Cons Mng* Aton Resources* Aton Resources 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 AURYN Mining* Aust Mines* Austral Gold* Austral Gold AUX Resources AUX Resources* 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*

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

7 122 197 115 25 909 615 268 5 20 1 9 806 644 214 270 12071 5 89 378 30 143 359 19 150 1 0 117 7 228 51 82 2035 1916 768 160 2179 503 410 218 325 1670 10 134 11 149 108 14 264 1810 3096 627 86 4069 380 73 153 106 51 111 41 0 2 1567 747 563 177 402 3970 462 135 23 227 126

0.82 4.17 5.43 0.11 0.07 0.10 1.11 0.85 0.02 0.02 0.00 0.05 0.03 0.05 0.20 0.26 0.01 3.78 0.10 0.15 0.06 0.43 0.56 0.01 0.03 2.98 0.00 0.31 10.62 14.10 3.08 3.91 0.98 0.75 0.08 0.04 0.06 0.05 1.24 0.97 0.04 0.10 0.28 0.01 0.20 0.21 0.21 0.17 0.30 0.08 0.10 0.21 0.16 0.97 1.26 0.03 0.04 0.13 0.09 0.07 2.29 0.00 0.00 0.23 0.18 1.03 0.75 0.03 0.03 0.33 0.26 0.00 0.18 0.14

B2Gold Corp B2Gold Corp* Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barksdale Res* Barksdale Res Barrick Gold* Barrick Gold Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Battle North* Battle North Bayhorse Silvr* Bayhorse Silvr BC Moly * BC Moly BCM Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith* Bearing Lith Beauce Gold Bell Copper Bell Copper* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benton Res Benton Res* Benz Mining Benz Mining* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Tusk Res* Black Tusk Res Blackheath Res Blackrock Gold* Blackrock Gold Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon Zinc* Blue Moon Zinc Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluestone Res Bluestone Res* BMEX Gold Bold Ventures Bonanza Gold* Bond Resources BonTerra Res Boreal Metals Boreal Metals * Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold* Bravada Gold Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals

T 20065 X 43229 V 164 C 216 O 25 O 2886 V 1179 O 406 O 75 V 103 N 170835 T 27748 O 12 V 80 V 1408 O 413 O 78 V 214 V 43 O 33 O 223 T 850 O 246 V 867 O 1 V 671 V 54 V 528 O 263 V 52 O 463 V 411 V 123 V 223 O 123 V 282 T 1519 O 3927 O 5 V 254 O 376 V 609 V 256 O 382 V 630 O 58 V 29 C 228 O 129 V 308 N 1202 O 96 T 2282 O 258 V 187 V 17 O 144 C 4218 V 29 O 1388 V 1581 V 33 O 5065 C 356 O 463 O 520 V 2040 V 60 O 25 O 99 V 789 V 785 V 204 O 13 V 507 V 543 O 165 V 359 V 178 O 8388 C 133 V 460 V 666 O 116 O 2946 O 57 V 382 O 397 V 560 O 276 V 394 O 26 O 76090 O 1252 V 3093 O 722 O 57 V 1252

7.39 5.67 0.09 1.00 0.25 0.03 0.24 0.25 0.51 0.65 24.16 31.58 0.54 0.70 0.15 0.11 0.37 0.47 0.10 0.07 1.39 1.86 0.09 0.11 0.04 0.07 0.08 3.18 2.47 0.03 0.16 0.20 0.12 0.25 0.19 0.07 1.03 0.82 0.32 0.44 0.78 1.10 0.17 0.14 0.75 0.56 0.05 0.08 0.07 0.09 64.99 0.13 0.17 0.12 0.15 0.42 0.04 0.06 0.20 0.61 0.79 0.12 0.00 0.87 0.66 0.05 0.07 0.01 0.01 0.10 0.13 0.08 0.10 0.22 0.30 1.93 1.57 0.74 0.08 0.00 0.20 1.19 0.11 0.08 0.00 0.03 0.04 0.10 0.13 0.09 0.12 0.14 0.00 0.21 0.27 0.03 0.01 0.29

Last

T ABLES

Change

Stock

0.19 0.06 0.02 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.00 0.12 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.05 0.32 0.35 0.40 0.27 0.03 0.02 0.02 0.00 0.00 0.00 0.03 0.02 0.00 0.02 0.06 0.00 0.00 0.05 0.01 0.00 0.02 0.01 0.01 0.00 0.02 0.05 0.08 0.00 0.01 0.01 0.00 0.00 0.11 0.00 0.00 0.03 0.03 0.02 0.02 0.00 0.01 0.04 0.03 0.00 0.03 0.01

0.97 5.63 7.64 0.14 0.30 0.41 1.40 1.06 0.05 0.10 0.64 0.05 0.09 0.13 0.30 0.40 0.03 3.85 0.29 0.38 0.15 0.50 0.67 0.08 0.03 2.98 0.40 0.65 18.11 18.30 4.31 5.75 1.19 0.92 0.08 0.04 0.14 0.10 2.14 1.72 0.08 0.10 0.60 0.02 0.69 0.38 0.56 0.39 0.31 0.08 0.10 0.48 0.35 1.49 2.04 0.04 0.05 0.24 0.50 0.33 2.55 0.10 0.20 0.25 0.20 3.27 2.35 0.05 0.06 0.70 0.53 0.00 0.27 0.20

0.31 0.60 0.95 0.02 0.06 0.08 0.37 0.26 0.01 0.01 0.18 0.02 0.03 0.04 0.08 0.11 0.00 1.79 0.06 0.08 0.01 0.11 0.16 0.00 0.01 0.71 0.10 0.20 1.16 1.49 1.03 1.51 0.15 0.11 0.02 0.01 0.02 0.04 0.42 0.29 0.02 0.01 0.06 0.00 0.02 0.06 0.00 0.15 0.02 0.02 0.03 0.05 0.13 0.26 0.27 0.01 0.01 0.04 0.07 0.05 0.65 0.03 0.05 0.07 0.05 0.40 0.31 0.01 0.02 0.04 0.03 0.00 0.08 0.05

Brixton Metals* Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal Buffalo Coal * Bullfrog Gold Bullfrog Gold* Bullion Gold* Bunker Hill Bushveld Min* BWR Explor

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

0.42 0.21 0.00 0.12 0.05 0.00 0.01 0.01 0.05 0.01 1.59 2.30 0.06 0.03 0.02 0.01 0.03 0.05 0.00 0.00 0.09 0.08 0.00 0.01 0.00 0.03 0.02 0.04 0.07 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.06 0.10 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.01 1.43 0.03 0.01 0.02 0.04 0.02 0.00 0.01 0.00 0.00 0.06 0.01 0.00 0.15 0.08 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.01 0.02 0.04 0.01 0.25 0.01 0.00 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.03 0.00 0.04 0.05 0.00 0.00 0.01

9.99 7.55 0.19 1.60 1.03 0.04 0.39 0.90 0.54 0.70 31.22 41.09 0.58 0.75 0.24 0.21 0.95 0.80 0.13 0.10 1.74 2.28 0.17 0.24 0.04 0.09 0.08 4.17 3.04 0.06 0.21 0.25 0.22 0.29 0.21 0.10 1.44 1.10 0.42 0.57 1.22 1.64 0.30 0.22 0.92 0.68 0.10 0.24 0.07 0.09 87.12 0.15 0.20 0.12 0.17 0.41 0.08 0.10 0.24 1.22 1.61 0.27 0.30 2.11 1.45 0.05 0.07 0.02 0.01 0.17 0.23 0.16 0.20 0.22 0.40 2.43 1.84 1.05 0.08 0.01 0.43 2.31 0.14 0.17 0.00 0.08 0.08 0.19 0.25 0.13 0.17 0.45 0.00 0.45 0.62 0.04 0.03 0.57

3.12 2.16 0.03 0.25 0.19 0.01 0.03 0.02 0.14 0.21 12.65 17.52 0.07 0.11 0.02 0.02 0.23 0.07 0.05 0.03 0.37 0.54 0.03 0.05 0.03 0.03 0.02 0.75 0.50 0.01 0.06 0.06 0.06 0.01 0.02 0.02 0.21 0.18 0.09 0.12 0.12 0.17 0.04 0.03 0.05 0.05 0.03 0.04 0.02 0.03 48.07 0.03 0.05 0.02 0.04 0.35 0.02 0.03 0.05 0.05 0.07 0.02 0.00 0.43 0.27 0.00 0.01 0.01 0.00 0.03 0.05 0.04 0.06 0.17 0.08 0.99 0.75 0.08 0.03 0.00 0.15 0.63 0.03 0.03 0.00 0.00 0.01 0.03 0.05 0.03 0.05 0.05 0.00 0.07 0.05 0.00 0.00 0.08

C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor Cache Explor* Cadence Min* Cadillac Vent* Cadillac Vent Caelan Capital* Caldas Gold* Caldas Gold Caledonia Mng* Calibre Mng* Calibre Mng California Gld* California Gld Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Cameo Cobalt* Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Coal Canada Nickel Canada Nickel* Canada One Canada One* Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv CanAlaska Uran* CanAlaska Uran Canamex Gold* Canarc Res Canarc Res* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng CaNickel Mng* Canoe Mng Vent Canstar Res* Canstar Res Cantex Mn Dev Cantex Mn Dev* Canuc Res* Canuc Res Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res Cardero Res* Cardinal Res* Cardinal Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Cascadero Copp Cassiar Gold Castle Peak Mg CAT Strategic Cdn Goldcamps Cdn Goldcamps* Cdn Palladium* Cdn Palladium CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Century Cobalt* Century Global Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng* Cerro Mng 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 Clarity Gold Clarity Gold* Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Mnls Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CNRP Mng Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Colombia Crest* Colombia Crest Colonial Coal Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold* Compass Gold Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Confedertn Ml* Confedertn Mls Conic Metals

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

B 6.73 7.03 5.14 5.47 0.00 0.09 unch 0.90 0.91 0.25 0.25 0.03 0.03 + 0.20 0.22 0.15 0.16 0.39 0.49 + 0.53 0.60 + 22.22 22.69 28.84 29.45 0.51 0.53 + 0.62 0.62 0.11 0.12 0.09 0.10 0.30 0.35 + 0.39 0.46 + 0.00 0.10 unch 0.07 0.07 unch 1.32 1.33 1.71 1.75 0.07 0.09 + 0.09 0.11 + 0.04 0.04 unch 0.06 0.07 0.00 0.08 + 2.94 3.10 2.27 2.33 0.03 0.03 unch 0.11 0.14 0.15 0.17 0.11 0.11 0.22 0.23 0.18 0.18 unch 0.06 0.07 unch 0.87 0.95 0.66 0.70 0.32 0.32 0.41 0.42 0.73 0.77 + 0.94 0.99 unch 0.15 0.16 0.11 0.13 0.65 0.69 unch 0.00 0.56 0.05 0.05 + 0.00 0.08 0.06 0.06 + 0.07 0.09 + 61.95 63.33 + 0.00 0.13 + 0.13 0.14 + 0.05 0.07 + 0.07 0.11 + 0.40 0.42 + 0.04 0.04 + 0.05 0.06 + 0.19 0.19 unch 0.50 0.54 0.63 0.65 0.00 0.12 + 0.00 0.00 0.67 0.71 0.54 0.58 0.03 0.05 + 0.05 0.06 + 0.01 0.01 + 0.01 0.01 unch 0.08 0.09 + 0.11 0.12 + 0.07 0.07 0.08 0.09 0.20 0.21 + 0.25 0.27 + 1.80 1.86 1.38 1.45 0.42 0.50 0.06 0.07 + 0.00 0.00 + 0.19 0.19 + 1.08 1.12 0.08 0.09 0.00 0.07 0.00 0.00 0.03 0.03 unch 0.03 0.04 unch 0.08 0.09 unch 0.10 0.13 + 0.07 0.09 + 0.10 0.10 unch 0.07 0.07 0.00 0.00 + 0.16 0.18 0.22 0.22 0.02 0.03 0.00 0.01 + 0.26 0.29 +

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

977 308 7 125 1082 5895 52 0 608 1023 114 79 301 215

0.23 0.25 0.02 0.13 0.17 11.61 0.01 0.00 0.29 0.23 0.12 0.48 0.24 0.03

0.20 0.22 + 0.22 0.24 0.02 0.02 0.11 0.11 0.15 0.15 10.22 10.87 0.00 0.01 unch 0.00 0.00 unch 0.27 0.29 0.20 0.21 0.09 0.10 0.45 0.46 0.16 0.16 0.03 0.03 unch

0 1250 209 921 414 0 15 0 38 0 289 1226 305 411 3335 13 2 106 111 7266 3395 21 1715 113 2 564 26 40 846 418 55 1 236 39 646 465 47 150 26 587 268 855 105 1356 1359 442 0 537 344 109 247 16 119 20 0 217 25 82 308 14 57 567 13 1118 105 37 4027 125 1 8 3264 241 98 25 4404 440 110 632 174 391 198 55 475 121 2 1251 2253 1649 241 1280 3903 126 1 379 5 26 345 629 37 192 0 76 301 505 383 241 410 518 52 2176 160 0 300 202 56326 46 4 82 82 535 107 5 14 569 1 135 73440 41 282 10 364 1330 4220 190 372 31018 650 374 0 184 250 562 62 353 55 13 171 3 2713 144 22 9 31 98 244 12 294 739

0.05 0.08 0.45 0.59 0.20 0.00 0.00 0.00 0.03 0.00 1.85 2.42 15.58 1.80 2.30 0.10 0.14 2.50 3.22 10.37 13.48 0.12 0.17 0.12 0.02 0.23 0.16 0.06 2.10 1.60 0.05 0.04 0.07 0.05 0.56 0.43 0.12 0.20 0.25 0.07 0.19 0.25 0.03 0.14 0.11 0.10 0.00 0.65 0.10 0.05 0.07 0.11 0.15 0.12 0.00 0.15 0.23 0.32 1.05 0.76 0.19 0.25 0.07 0.09 0.28 0.25 1.93 0.05 0.04 0.72 1.04 0.08 0.05 0.15 0.04 0.14 0.20 0.27 0.16 0.04 0.53 0.02 0.05 0.13 0.10 0.14 0.17 0.03 2.02 0.03 12.39 0.25 0.22 0.05 0.02 0.18 0.34 0.45 0.01 0.02 0.00 0.60 0.31 0.40 0.51 2.84 0.11 0.15 3.53 4.58 0.07 0.00 3.60 4.66 95.82 0.14 0.10 0.21 0.17 1.98 1.20 0.94 1.02 0.31 0.14 0.09 11.60 0.13 0.17 0.05 0.11 0.14 0.60 0.06 0.08 7.51 0.06 0.08 0.00 0.21 0.80 0.17 0.13 0.25 0.19 0.17 0.24 0.00 1.04 0.16 0.10 0.56 0.72 0.18 0.23 1.20 1.60 0.37

Stock

0.01 0.01 0.00 0.04 0.02 0.79 0.00 0.00 0.01 0.02 0.02 0.02 0.01 0.00

0.42 0.27 0.06 1.00 0.49 15.45 0.02 0.01 0.36 0.28 0.15 1.01 0.45 0.06

0.05 0.05 0.02 0.00 0.10 5.12 0.01 0.00 0.08 0.05 0.01 0.10 0.00 0.02

0.00 0.00 0.05 0.06 0.05 0.00 0.00 0.00 0.01 0.00 0.22 0.37 0.78 0.02 0.07 0.00 0.00 0.15 0.23 0.18 0.22 0.00 0.06 0.05 0.00 0.02 0.00 0.00 0.11 0.05 0.01 0.00 0.01 0.01 0.02 0.02 0.01 0.00 0.00 0.01 0.02 0.04 0.00 0.01 0.01 0.00 0.00 0.16 0.01 0.00 0.01 0.01 0.01 0.03 0.00 0.01 0.00 0.01 0.01 0.02 0.03 0.02 0.00 0.01 0.02 0.02 0.08 0.00 0.01 0.00 0.06 0.01 0.00 0.03 0.00 0.02 0.02 0.02 0.02 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.04 0.00 0.20 0.08 0.02 0.00 0.00 0.01 0.04 0.05 0.00 0.00 0.00 0.00 0.05 0.00 0.01 0.04 0.00 0.00 0.28 0.10 0.00 0.00 0.05 0.04 5.52 0.00 0.00 0.04 0.04 0.12 0.00 0.01 0.03 0.01 0.00 0.00 2.06 0.00 0.01 0.00 0.02 0.03 0.09 0.01 0.00 0.47 0.00 0.01 0.00 0.00 0.02 0.01 0.04 0.03 0.00 0.01 0.00 0.00 0.02 0.06 0.06 0.04 0.05 0.00 0.01 0.05 0.01 0.03

0.06 0.09 0.70 0.88 0.24 2.08 0.11 0.04 0.05 0.24 9.60 3.07 29.39 2.15 2.80 0.30 0.40 3.10 4.15 12.33 16.71 0.25 0.19 0.15 0.10 0.39 0.28 0.07 3.00 2.24 0.06 0.05 0.08 0.06 0.73 0.57 0.21 0.39 0.74 0.16 0.21 0.27 0.07 0.18 0.14 0.26 0.46 0.66 0.12 0.08 0.11 0.25 0.33 0.27 0.19 0.30 0.26 0.33 1.79 1.33 0.19 0.26 0.08 0.10 0.50 2.00 1.89 0.07 0.05 0.78 1.05 0.10 0.07 0.33 0.10 0.13 0.30 0.33 0.16 0.06 1.20 0.03 0.05 0.55 0.35 0.18 0.23 0.07 4.04 0.12 19.59 0.43 0.34 0.25 0.04 0.19 0.41 0.54 0.05 0.06 0.23 0.60 0.32 0.61 0.80 2.84 0.16 0.27 3.53 4.58 0.32 0.18 5.75 7.61 122.72 0.17 0.12 0.29 0.19 2.00 1.30 0.94 1.10 0.47 0.21 0.12 11.28 0.13 0.23 0.05 0.12 0.17 0.60 0.06 0.08 9.25 0.07 0.10 0.23 0.34 0.92 0.17 0.13 0.38 0.26 0.50 0.65 0.00 2.12 0.18 0.17 2.59 1.40 0.50 0.44 2.06 2.78 0.46

0.03 0.01 0.05 0.07 0.04 0.00 0.04 0.00 0.01 0.06 1.30 1.30 6.51 0.00 0.46 0.08 0.11 0.22 0.32 5.30 7.69 0.00 0.05 0.03 0.00 0.06 0.05 0.01 0.38 0.67 0.02 0.01 0.03 0.02 0.25 0.18 0.01 0.12 0.10 0.05 0.06 0.09 0.00 0.03 0.02 0.05 0.03 0.05 0.02 0.01 0.01 0.07 0.10 0.04 0.04 0.10 0.00 0.02 0.46 0.33 0.03 0.03 0.02 0.02 0.25 0.16 0.33 0.02 0.01 0.15 0.20 0.04 0.01 0.00 0.01 0.03 0.05 0.07 0.02 0.01 0.23 0.01 0.01 0.10 0.09 0.03 0.06 0.01 1.52 0.02 5.52 0.05 0.02 0.01 0.00 0.05 0.18 0.24 0.00 0.01 0.05 0.07 0.06 0.05 0.08 0.08 0.07 0.09 0.77 0.96 0.06 0.04 1.01 1.40 51.60 0.05 0.07 0.03 0.01 0.45 0.22 0.90 0.50 0.27 0.01 0.03 2.63 0.05 0.07 0.01 0.02 0.03 0.06 0.02 0.03 1.98 0.03 0.04 0.05 0.05 0.21 0.05 0.04 0.11 0.07 0.10 0.14 0.00 0.23 0.08 0.01 0.03 0.34 0.02 0.04 0.11 0.21 0.12

Conic Metals* Conquest Res Conquest Res * Cons Woodjam CONSOL Coal Rs* CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min Copper Fox Mtl Copper Fox Mtl* Copper Lake Rs Copper Mtn Mng Copper Mtn Mng* Copper North M* Copper North M Copper One * Copperbank Res Copperbank Res* Cordoba Mnls Cordoba Mnls* Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals Corvus Gold Corvus Gold* Crest Resource Crest Resource* Crestview Expl Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt Crystal Peak* Crystal Peak CTGX Mining* Currie Rose Rs CWN M’g Acq Cyon Explor Cypress Dev* Cypress Dev

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

Dajin Lithium* Dajin Res Dakota Ter Res* Danakali* Debut Dmds Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res 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 Met* Discovery Met Discovery Min* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources* DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E3 Metals* E3 Metals E79 Res Eagle Graphite* Eagle Graphite Eagle Plains Earl Res East Africa East Africa * EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res* Eastfield Res Eclipse Gold Eclipse Gold* Eco Oro Mnls* Eco Oro Mnls Edgemont Gold Edgewater Expl Edgewater Expl* Edison Cobalt El Capitan Prc* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Eloro Res* Eloro Res Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining* Emgold Mining EMX Royalty EMX Royalty* Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng* Endeavour Mng Endeavr Silver* Endeavr Silver Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engold Mines Engold Mines* Ensurge* Entree Res* Entree Res Equinox Gold*

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

C 0.00 0.07 0.33 0.45 0.14 0.00 0.00 0.00 0.00 0.00 1.63 2.10 14.55 1.60 2.09 0.09 0.00 2.19 2.86 9.86 12.90 0.00 0.10 0.08 0.00 0.20 0.16 0.06 1.90 1.45 0.00 0.04 0.06 0.04 0.52 0.40 0.11 0.20 0.25 0.05 0.16 0.21 0.01 0.12 0.09 0.09 0.00 0.45 0.09 0.04 0.05 0.09 0.12 0.00 0.00 0.14 0.23 0.00 0.90 0.00 0.16 0.15 0.05 0.07 0.25 0.16 1.81 0.05 0.03 0.72 0.96 0.08 0.04 0.12 0.03 0.11 0.18 0.24 0.14 0.03 0.45 0.01 0.04 0.12 0.09 0.11 0.15 0.02 1.83 0.00 11.75 0.17 0.20 0.04 0.01 0.12 0.30 0.39 0.01 0.00 0.00 0.50 0.26 0.33 0.45 2.66 0.11 0.14 3.25 4.08 0.00 0.00 3.15 4.09 86.76 0.14 0.10 0.16 0.13 1.73 1.15 0.00 0.94 0.29 0.14 0.09 9.37 0.11 0.15 0.05 0.08 0.10 0.49 0.05 0.06 6.72 0.05 0.07 0.00 0.00 0.73 0.15 0.13 0.22 0.00 0.17 0.22 0.00 0.95 0.10 0.08 0.52 0.00 0.16 0.22 0.00 1.45 0.34

0.05 + 0.08 unch 0.45 + 0.58 + 0.14 0.16 unch 0.11 unch 0.02 unch 0.03 + 0.20 unch 1.75 + 2.34 + 14.85 1.72 + 2.23 + 0.10 + 0.14 unch 2.35 3.01 10.13 + 13.23 + 0.12 + 0.11 0.08 0.02 unch 0.23 + 0.16 + 0.06 unch 1.97 1.51 0.05 + 0.04 unch 0.07 + 0.04 0.55 0.41 0.11 0.20 unch 0.25 unch 0.07 0.19 + 0.25 + 0.03 0.13 0.10 0.09 unch 0.39 unch 0.64 + 0.09 + 0.05 0.06 0.11 0.14 0.12 + 0.10 unch 0.14 0.23 unch 0.28 0.98 0.74 0.16 0.23 0.05 unch 0.07 0.26 0.20 1.92 + 0.05 unch 0.03 0.72 unch 1.01 + 0.08 + 0.05 unch 0.12 0.04 unch 0.14 + 0.19 0.25 0.15 0.03 0.50 unch 0.02 + 0.05 + 0.13 0.10 + 0.12 + 0.16 + 0.03 + 1.96 0.02 12.37 + 0.17 0.20 0.05 unch 0.02 0.17 0.34 + 0.44 + 0.01 + 0.02 unch 0.22 unch 0.60 unch 0.26 0.37 0.49 + 2.73 + 0.11 unch 0.14 unch 3.53 + 4.35 + 0.07 unch 0.05 unch 3.49 + 4.59 + 91.31 + 0.14 unch 0.10 unch 0.21 + 0.17 + 1.80 1.20 unch 0.94 + 1.00 + 0.30 + 0.14 unch 0.09 unch 11.29 + 0.11 unch 0.15 0.05 unch 0.09 0.11 0.58 + 0.06 + 0.07 unch 7.14 0.05 unch 0.08 0.12 unch 0.21 unch 0.77 + 0.16 0.13 + 0.25 + 0.17 0.17 0.24 unch 0.00 unch 1.02 + 0.10 0.08 0.52 0.72 0.18 unch 0.23 + 1.16 1.56 0.37 +

(100s)

High Low

Exc Volume

Week High

Low

212 36 5 630 898 2463 11750 12 23 1017 1516 100 118 980 109 369 5651 885 44 129 273 1034 781 335 51 133 42 21 17 281 100 1018 1277 1686 60 118 170 1053 53 497 1196 0 69 159 218 84 0 136 5 58 697 939

0.29 0.18 0.15 0.25 4.40 6.16 10.00 0.13 0.18 0.09 0.12 0.01 0.11 0.16 0.13 0.02 1.52 1.17 0.05 0.06 0.13 0.25 0.19 0.09 0.07 0.08 5.86 4.50 0.16 0.25 0.20 3.31 2.58 0.12 0.09 0.41 0.70 0.91 0.30 0.39 0.14 0.06 0.04 0.06 0.01 0.01 0.00 0.06 0.05 0.29 0.50 0.64

0.26 0.00 0.15 0.19 3.51 5.04 9.31 0.13 0.17 0.08 0.10 0.01 0.11 0.14 0.10 0.02 1.30 1.00 0.04 0.00 0.10 0.20 0.15 0.08 0.05 0.07 5.30 4.08 0.14 0.20 0.20 2.87 2.21 0.10 0.08 0.39 0.59 0.78 0.00 0.35 0.08 0.06 0.03 0.05 0.01 0.01 0.00 0.05 0.04 0.00 0.43 0.55

446 174 87 266 123 2886 2557 59 1287 269 1084 1093 910 742 241 3014 14511 3 1491 421 10 170 2 426 172 158 455 852 1254 1240 2043 11661 40 457 1 44 627 53 28 344 72 6 11 970 721 160 932 74 2225 3678 202 194 1 227 371 18 2 7 55 1 939 2455 39 41 61 437 38 707 7 0 22 61 5 471 434 268 2 140 100 237 8 415 4501 55 561 108 11101 3736 187 446 1114 1278 79 20 2028 53 745 2571 87 1389 30 40 565 94 3846 10969 1615 40 750 1395 417 1887 16033 960 1048 24 1 901 315 6119

0.05 0.06 0.56 0.28 0.15 0.06 0.05 0.08 0.11 0.08 0.18 0.23 0.85 0.61 0.10 0.52 0.39 0.14 0.17 1.83 0.01 0.08 0.06 0.00 0.09 0.12 0.10 0.05 0.05 1.36 1.82 0.00 0.08 0.01 0.01 0.23 0.32 0.10 0.00 0.01 0.22 0.01 0.06 0.62 0.80 0.70 0.25 0.20 10.61 8.35 0.10 0.11 0.07 0.09 1.85 1.41 2.50 0.90 0.10 0.00 1.10 1.43 0.80 0.05 0.06 0.15 0.39 0.21 0.11 0.00 0.32 0.40 0.06 0.07 0.68 0.52 0.05 0.07 0.12 0.22 0.16 0.03 0.01 0.04 0.11 0.08 12.66 16.54 1.47 1.90 1.12 0.86 0.50 0.37 0.20 0.15 0.08 0.10 3.92 2.99 0.04 0.06 0.49 23.87 31.03 3.44 4.48 0.12 0.18 0.21 0.16 2.87 2.21 0.06 0.04 0.03 0.03 0.41 0.54 10.10

Last

12-month Change

High Low

+ 0.28 0.18 unch 0.15 0.21 + 4.07 + 5.68 + 9.82 0.13 unch 0.17 0.08 0.11 0.01 unch + 0.11 + 0.16 + 0.13 0.02 + 1.51 + 1.16 0.05 0.05 0.11 + 0.24 + 0.19 + 0.09 + 0.07 0.08 5.40 + 4.38 + 0.16 + 0.20 0.20 unch 3.07 2.42 + 0.12 0.08 unch + 0.41 + 0.68 + 0.90 0.29 0.37 + 0.12 0.06 unch + 0.04 + 0.06 0.01 0.01 unch 0.00 unch 0.05 0.04 unch 0.25 + 0.47 + 0.60

0.02 0.00 0.00 0.02 0.44 0.56 0.46 0.00 0.01 0.00 0.01 0.00 0.01 0.03 0.03 0.01 0.20 0.16 0.00 0.01 0.01 0.03 0.03 0.01 0.00 0.01 0.40 0.06 0.01 0.01 0.00 0.15 0.17 0.01 0.00 0.02 0.05 0.08 0.00 0.02 0.04 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.03 0.03 0.03

0.35 0.36 0.26 0.30 11.92 15.15 14.19 0.20 0.29 1.00 0.28 0.06 0.27 0.20 0.14 0.03 1.48 1.17 0.05 0.07 0.69 0.24 0.19 0.14 0.10 0.20 6.53 5.00 0.38 0.51 0.35 4.26 3.29 0.22 0.12 2.60 0.79 1.02 0.34 0.50 0.14 0.07 0.05 0.07 0.07 0.10 0.00 0.06 0.21 0.32 0.64 0.84

0.09 0.05 0.14 0.02 2.78 3.35 4.26 0.09 0.12 0.00 0.08 0.01 0.05 0.01 0.03 0.01 0.28 0.19 0.01 0.01 0.01 0.10 0.12 0.05 0.03 0.07 1.36 1.08 0.08 0.12 0.20 0.99 0.72 0.04 0.08 0.29 0.16 0.17 0.25 0.17 0.02 0.01 0.01 0.03 0.00 0.01 0.00 0.02 0.03 0.12 0.08 0.11

0.04 0.05 unch 0.52 + 0.27 + 0.15 0.06 unch 0.04 + 0.08 + 0.11 0.05 + 0.16 0.21 + 0.78 + 0.59 + 0.10 + 0.50 + 0.37 0.14 unch 0.14 + 1.76 + 0.01 + 0.08 + 0.06 0.00 + 0.09 0.11 0.10 0.04 unch 0.05 unch + 1.34 + 1.77 0.00 unch 0.08 unch 0.01 unch 0.01 unch + 0.23 + 0.31 0.09 0.00 + 0.01 + 0.22 0.01 + 0.04 + 0.58 + 0.75 0.70 unch 0.22 0.17 10.57 + 8.30 0.10 unch 0.10 0.07 unch 0.09 1.77 + 1.40 + 2.50 0.90 unch + 0.10 0.05 unch 0.78 1.05 0.80 unch + 0.04 0.05 0.15 unch + 0.39 + 0.21 0.11 0.09 unch + 0.32 + 0.38 + 0.05 0.07 unch 0.65 0.50 0.05 unch 0.07 0.11 unch 0.19 unch + 0.15 0.03 unch 0.00 + 0.04 0.08 unch 0.07 11.96 15.59 + 1.39 + 1.80 1.04 0.82 0.46 0.35 + 0.18 + 0.15 0.06 0.08 + 3.86 + 2.94 0.04 0.05 unch + 0.45 22.75 29.64 3.42 4.48 + 0.12 0.15 0.19 0.15 + 2.63 + 2.01 0.06 0.04 0.03 0.03 unch 0.38 0.50 9.83

0.00 0.00 0.03 0.00 0.03 0.00 0.01 0.00 0.01 0.04 0.00 0.01 0.09 0.04 0.01 0.04 0.03 0.00 0.04 0.05 0.00 0.01 0.00 0.00 0.02 0.02 0.01 0.00 0.00 0.07 0.08 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.03 0.00 0.00 0.02 0.02 0.00 0.03 0.02 0.30 0.21 0.00 0.01 0.00 0.01 0.05 0.03 0.50 0.00 0.03 0.00 0.16 0.16 0.00 0.00 0.01 0.00 0.05 0.05 0.03 0.00 0.04 0.01 0.01 0.00 0.02 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.85 1.14 0.06 0.07 0.04 0.01 0.02 0.01 0.02 0.10 0.02 0.02 0.26 0.20 0.00 0.00 0.04 1.01 1.46 0.04 0.03 0.00 0.01 0.01 0.01 0.24 0.18 0.01 0.01 0.00 0.00 0.03 0.04 0.25

0.06 0.08 0.96 0.47 0.23 0.14 0.10 0.12 0.16 0.09 0.23 0.25 0.92 0.69 0.62 0.75 0.58 0.26 0.35 2.11 0.03 0.20 0.15 0.01 0.17 0.25 0.24 0.14 0.18 2.14 2.84 0.00 0.14 0.03 0.02 0.31 0.47 0.14 0.01 0.03 0.28 0.05 0.13 0.91 1.17 1.65 0.34 0.26 18.05 10.73 0.13 0.18 0.14 0.20 2.62 1.98 3.00 1.10 0.14 0.11 1.31 1.73 0.82 0.06 0.08 0.18 0.37 0.24 0.15 0.09 0.44 0.72 0.06 0.09 0.96 0.80 0.08 0.10 0.15 0.22 0.17 0.05 0.02 0.07 0.19 0.14 14.49 18.90 1.49 1.95 2.09 1.54 0.54 0.45 0.40 0.23 0.12 0.16 4.40 3.33 0.08 0.10 0.53 30.33 39.21 4.79 6.40 0.13 0.18 0.38 0.28 3.29 2.35 0.21 0.08 0.06 0.06 0.42 0.54 13.66

0.01 0.02 0.06 0.16 0.07 0.01 0.00 0.02 0.03 0.01 0.03 0.07 0.06 0.03 0.08 0.24 0.19 0.05 0.05 0.14 0.01 0.06 0.05 0.00 0.04 0.09 0.03 0.02 0.03 0.16 0.22 0.00 0.07 0.01 0.00 0.08 0.08 0.06 0.00 0.00 0.07 0.00 0.03 0.12 0.17 0.45 0.04 0.04 3.06 3.20 0.03 0.04 0.03 0.05 0.99 0.70 1.10 0.24 0.04 0.03 0.11 0.19 0.02 0.01 0.02 0.07 0.09 0.08 0.07 0.06 0.12 0.18 0.02 0.03 0.40 0.31 0.02 0.03 0.10 0.04 0.02 0.02 0.00 0.02 0.02 0.01 4.60 6.29 0.16 0.19 0.36 0.26 0.28 0.19 0.02 0.05 0.03 0.03 1.54 1.18 0.01 0.01 0.08 11.02 15.68 0.99 1.30 0.02 0.03 0.05 0.04 1.10 0.78 0.03 0.02 0.02 0.01 0.16 0.23 4.63

D-F 0.04 0.05 0.52 0.26 0.13 0.05 0.04 0.08 0.10 0.05 0.15 0.20 0.65 0.51 0.08 0.45 0.34 0.14 0.14 1.55 0.01 0.00 0.06 0.00 0.07 0.10 0.08 0.03 0.05 1.16 1.51 0.00 0.08 0.01 0.01 0.00 0.00 0.09 0.00 0.00 0.00 0.00 0.04 0.53 0.72 0.00 0.21 0.17 9.38 7.55 0.10 0.09 0.07 0.00 1.64 1.30 0.00 0.78 0.07 0.00 0.69 0.85 0.80 0.03 0.05 0.14 0.31 0.15 0.00 0.00 0.27 0.38 0.05 0.00 0.61 0.48 0.05 0.05 0.11 0.19 0.15 0.03 0.00 0.00 0.08 0.06 11.72 15.21 1.25 1.64 1.02 0.79 0.45 0.34 0.15 0.05 0.06 0.08 3.51 2.70 0.04 0.05 0.40 21.79 28.42 3.10 4.04 0.11 0.13 0.19 0.14 2.39 1.83 0.06 0.04 0.02 0.03 0.35 0.46 9.38

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

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 Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Sun Mg Euro Sun Mg* EurOmax Res* EurOmax Res European Elect* European Elect European Metal* Eurotin Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Explorex Res Explorex Res* Fairmile Gold* Fairmont Res* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res* Far Res FenixOro Gold FenixOro Gold* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold Fire River Gol* FireFox Gold FireFox Gold* 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 Vanadium First Vanadium* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Focus Minerals* Fokus Mining Foran Mng Forsys Metals Fort St J Nick Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Mnrls* Fortune Mnrls Forum Energy Forum Energy* Fosterville 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 Fury Gold* Fury Gold Fuse Cobalt* Fuse Cobalt

T 3612 V 384 O 3 V 704 O 492 T 801 O 320 O 34 V 510 T 1243 O 177 O 46 V 965 V 965 O 454 V 538 V 1097 O 223 V 267 O 380 C 49 V 3441 T 964 O 188 O 117 T 457 O 6 V 5 O 1 V 330 V 323 O 36 O 10 C 1677 C 25 O 3 V 844 X 194 T 126 O 559 T 596 V 85 O 0 C 9 O 1 O 1 O 5 V 3203 O 1317 V 401 O 221 V 991 O 106 C 7234 C 748 O 744 V 281 V 92 O 21 V 87 O 154 O 574 V 749 O 1 V 1768 O 34 V 29 V 661 O 30 V 3144 O 1331 C 230 O 81 N 32285 T 4474 O 4234 T 4937 O 759 T 10767 V 371 O 472 V 384 O 88 O 1291 T 5225 V 493 O 5 V 144 C 505 O 25 O 1033 V 2872 O 9 V 668 V 2199 T 355 V 0 O 62 T 3053 N 14778 V 119 O 2 O 528 T 500 V 857 O 529 V 1067 C 36 C 8 O 3 V 625 N 4475 T 2330 O 4810 T 3593 C 2309 O 78 N 108932 V 1090 V 1598 O 37 V 1427 V 358 X 1408 T 1084 O 1227 V 351

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Gaia Metals* Gaia Metals Gainey Capital 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 Moly Generation Min* Generation Min Generic Gold* Generic Gold Genesis Mtls* Genesis Mtls Genius Metals Gensource Pot Geomega Res Geomega Res* Gespeg 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*

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

T H E NOR T H ER N MINER

Week High

Low

13.22 0.35 0.17 0.23 0.18 0.43 0.32 0.03 0.04 23.02 17.56 0.07 0.09 0.09 0.77 1.03 0.30 0.21 0.27 0.23 0.30 0.56 0.35 0.27 0.02 0.04 0.27 0.38 1.02 0.02 0.41 0.30 0.07 0.08 0.05 0.06 0.37 2.91 3.60 0.78 1.02 0.10 0.00 9.00 6.87 0.00 0.19 0.47 0.36 0.13 0.10 0.12 0.07 0.10 0.54 0.42 0.10 1.82 1.40 0.11 0.13 1.13 1.46 0.02 0.33 0.22 0.14 1.20 0.91 0.14 0.11 0.22 0.16 10.48 13.62 0.33 0.42 0.59 18.55 0.52 0.40 0.07 0.05 0.23 0.31 0.03 0.07 0.09 0.06 0.04 0.03 0.04 0.26 0.48 0.48 0.19 0.00 14.00 8.42 6.44 1.25 0.91 0.06 0.07 0.13 0.11 2.85 0.44 0.08 0.06 0.76 132.09 171.55 0.06 0.83 0.51 0.38 24.08 0.23 0.07 15.14 0.41 0.03 1.44 1.86 0.02 0.03

12.22 0.23 0.17 0.20 0.15 0.35 0.27 0.03 0.03 20.52 0.00 0.05 0.08 0.08 0.62 0.80 0.24 0.17 0.23 0.20 0.27 0.43 0.32 0.20 0.02 0.03 0.24 0.29 0.03 0.02 0.34 0.00 0.06 0.07 0.00 0.03 0.32 2.42 3.16 0.72 0.94 0.00 0.00 8.50 6.82 0.00 0.19 0.37 0.26 0.11 0.08 0.10 0.06 0.08 0.38 0.30 0.10 1.69 1.31 0.10 0.09 1.03 1.33 0.02 0.17 0.13 0.13 1.01 0.79 0.12 0.10 0.16 0.12 9.62 12.56 0.28 0.37 0.53 17.21 0.46 0.35 0.06 0.04 0.17 0.23 0.03 0.07 0.08 0.06 0.04 0.02 0.04 0.26 0.41 0.36 0.15 0.00 12.68 7.59 5.81 1.12 0.00 0.05 0.07 0.12 0.09 2.24 0.31 0.00 0.06 0.70 123.96 162.21 0.03 0.75 0.43 0.33 21.38 0.19 0.06 13.36 0.35 0.02 1.27 1.68 0.02 0.03

Last

Stock

12.81 0.35 + 0.17 unch 0.22 + 0.17 + 0.39 0.30 0.03 + 0.04 unch 22.48 + 17.15 + 0.07 0.08 0.08 0.66 0.85 0.24 0.17 0.23 0.20 unch 0.28 0.45 + 0.35 unch 0.25 0.02 0.04 + 0.24 0.29 0.12 0.02 unch 0.37 0.27 0.07 + 0.07 0.05 + 0.03 0.32 2.53 3.34 0.76 + 1.00 + 0.10 unch 0.01 unch 8.93 + 6.87 + 0.00 unch 0.19 unch 0.45 + 0.33 + 0.11 0.09 + 0.10 0.07 + 0.08 unch 0.47 0.40 0.10 unch 1.78 + 1.40 + 0.10 0.11 1.05 1.37 0.02 0.24 + 0.21 + 0.13 1.14 + 0.91 + 0.13 0.10 0.18 + 0.15 + 10.19 13.35 0.30 0.40 0.56 18.04 + 0.46 0.36 0.07 + 0.05 + 0.22 + 0.28 + 0.03 unch 0.07 unch 0.08 unch 0.06 0.04 unch 0.03 0.04 unch 0.26 unch 0.42 0.48 + 0.19 + 0.17 unch 14.00 + 8.15 6.28 1.12 0.84 0.05 0.07 unch 0.13 unch 0.10 + 2.29 0.44 + 0.08 0.06 unch 0.71 131.09 + 169.45 0.04 + 0.81 0.46 0.33 23.52 + 0.20 0.07 + 14.85 0.38 + 0.02 unch 1.34 1.78 0.02 unch 0.03 unch

0.43 0.10 0.00 0.01 0.00 0.03 0.03 0.01 0.00 1.87 1.39 0.00 0.01 0.01 0.12 0.16 0.06 0.04 0.04 0.00 0.02 0.04 0.00 0.01 0.00 0.01 0.02 0.11 0.02 0.00 0.02 0.02 0.01 0.01 0.01 0.02 0.05 0.20 0.23 0.01 0.01 0.00 0.00 0.48 0.39 0.00 0.00 0.06 0.03 0.01 0.00 0.01 0.02 0.00 0.06 0.01 0.00 0.03 0.06 0.01 0.02 0.08 0.10 0.14 0.06 0.07 0.01 0.07 0.08 0.01 0.01 0.01 0.02 0.08 0.11 0.02 0.03 0.01 0.49 0.05 0.04 0.01 0.00 0.03 0.05 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.05 0.05 0.03 0.00 1.61 0.31 0.15 0.07 0.07 0.01 0.00 0.00 0.00 0.76 0.09 0.01 0.00 0.03 1.00 0.70 0.01 0.02 0.05 0.06 2.27 0.04 0.01 0.40 0.04 0.00 0.10 0.08 0.00 0.00

17.99 0.29 0.20 0.28 0.20 0.71 0.55 0.04 0.07 23.93 18.22 0.11 0.17 0.17 0.94 1.23 0.92 0.28 0.37 0.34 0.48 0.56 0.63 0.49 0.05 0.07 0.38 0.60 1.02 0.04 0.95 0.71 0.90 0.33 0.14 0.11 0.62 3.36 6.15 0.94 1.23 0.20 0.14 9.00 6.85 0.00 0.63 0.60 0.72 0.25 0.19 0.13 0.08 0.12 0.63 0.56 0.13 2.25 1.56 0.15 0.20 1.33 1.75 0.90 0.33 0.22 0.24 1.31 0.97 0.18 0.13 0.30 0.21 14.57 19.41 0.47 0.60 0.64 18.55 0.61 0.46 0.11 0.08 0.38 0.49 0.05 0.08 0.12 0.20 0.51 0.04 0.04 0.26 0.48 0.50 0.22 0.30 14.12 10.55 8.11 1.56 1.21 0.07 0.10 0.17 0.14 5.34 0.45 0.12 0.07 0.84 166.11 222.15 0.10 1.95 0.84 0.89 23.66 0.95 0.17 18.11 0.41 0.04 3.94 7.78 0.10 0.14

0.01 0.04 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.03 0.04 0.04 0.01 0.01 0.00 0.02 0.03 0.09 0.10 0.02 0.00 0.02 0.03 0.06 0.04 0.32 0.32 0.00 0.01 0.01 0.00 0.03 0.05 0.02 0.01 0.04 0.01 0.01 0.01 0.03 0.03 0.02 0.02 0.00 0.00 0.04 0.00 0.00 0.04 0.03 0.02

0.87 1.20 0.54 0.69 0.13 0.18 0.09 0.30 0.41 0.33 0.45 2.80 2.12 0.14 0.20 0.03 3.95 0.39 1.57 2.09 0.22 0.16 0.85 1.14 0.56 0.43 9.20 7.08 0.54 0.62 0.61 0.33 0.61 0.38 0.49 0.32 0.23 0.23 0.17 0.12 0.37 0.50 0.09 0.44 0.32 0.15 0.39 0.25 0.22 0.30 2.44 1.84

Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* Glacier Lake Gldn Predator Gldn Predator* Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt* Go Cobalt GoGold Res Gold Basin Res Gold Bull Res* Gold Bull Res Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Line Res Gold Lion Res* Gold Lion Res Gold Plus* Gold Plus Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Rush Cari Gold Std Vents Gold Std Vents* Gold X Mining Goldâ&#x20AC;&#x2122;n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbelt Emp Goldblock Cap Goldcliff Res* Goldcliff Res Goldcore Res Golden Arrow* Golden Arrow Golden Band* Golden Birch Golden Cariboo Golden Dawn Ml* Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* 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* Goldhills Hldg GoldMining GoldON Res GoldON Res* GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldsource Min* Goldsource Min Goldstar Mnls Goldstrike Res* Goldstrike Res 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 Egy* Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther Great Panther* Great Thunder* Green River Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Greenshield Ex Grenville Gold Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GT Gold GT Gold * GTA Resources* Gungnir Res Gungnir Res* Gunpoint Expl* Gunpoint Expl Guyana Goldstr* Guyana Goldstr Handa Mining Handa Mining* Handeni Gold* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor Harfang Explor* Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di*

6.60 0.05 0.14 0.04 0.03 0.13 0.09 0.02 0.03 8.40 5.92 0.04 0.06 0.06 0.09 0.12 0.10 0.05 0.08 0.20 0.12 0.05 0.14 0.02 0.00 0.01 0.24 0.05 0.00 0.01 0.19 0.15 0.00 0.05 0.01 0.00 0.19 2.20 1.55 0.30 0.42 0.05 0.02 3.49 0.00 0.00 0.19 0.17 0.11 0.03 0.06 0.03 0.01 0.02 0.10 0.09 0.02 1.00 0.77 0.02 0.05 0.19 0.27 0.00 0.04 0.10 0.03 0.31 0.21 0.08 0.05 0.04 0.02 4.17 5.30 0.09 0.12 0.08 4.71 0.13 0.08 0.03 0.02 0.07 0.10 0.01 0.02 0.03 0.05 0.04 0.01 0.01 0.13 0.04 0.08 0.06 0.09 5.16 2.05 1.47 0.22 0.14 0.03 0.04 0.05 0.03 0.91 0.10 0.04 0.03 0.11 77.18 105.93 0.00 0.04 0.16 0.18 4.82 0.08 0.04 5.53 0.14 0.01 1.05 1.44 0.01 0.02

G-H 14 664 27 99 2 426 58 181 762 75 19 478 5477 386 975 180 34 145 391 581 134 5 159 594 1106 136 39 2028 339 85 1043 3 92 102 1491 174 889 599 51 62 135 159 53 365 123 2 59 3 128 87 982 1534

0.36 0.50 0.22 0.28 0.08 0.10 0.03 0.17 0.23 0.20 0.30 1.51 1.16 0.09 0.11 0.02 0.15 0.16 0.95 1.24 0.22 0.16 0.36 0.48 0.30 0.23 8.80 6.74 0.04 0.43 0.57 0.33 0.46 0.19 0.26 0.23 0.23 0.20 0.15 0.10 0.29 0.35 0.08 0.21 0.16 0.10 0.26 0.18 0.14 0.20 0.59 0.46

0.35 0.41 0.19 0.25 0.00 0.00 0.00 0.16 0.21 0.20 0.25 1.39 1.06 0.07 0.09 0.02 0.09 0.12 0.83 1.07 0.00 0.16 0.31 0.41 0.23 0.19 7.77 5.95 0.04 0.39 0.50 0.33 0.39 0.15 0.20 0.19 0.19 0.18 0.00 0.09 0.25 0.32 0.06 0.00 0.15 0.09 0.20 0.18 0.00 0.16 0.52 0.40

0.35 0.44 0.20 0.27 0.08 0.10 0.03 0.17 0.22 0.20 0.25 1.47 1.13 0.08 0.10 0.02 0.12 0.15 0.83 1.10 0.18 0.16 0.36 0.48 0.24 0.19 8.70 6.72 0.04 0.42 0.55 0.33 0.39 0.19 0.23 0.22 0.23 0.20 0.15 0.09 0.25 0.32 0.08 0.19 0.15 0.10 0.22 0.18 0.14 0.19 0.57 0.44

(100s)

12-month High Low

Change

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

0.13 0.14 0.19 0.25 0.03 0.03 0.02 0.03 0.05 0.02 0.03 0.80 0.56 0.02 0.03 0.01 0.06 0.08 0.21 0.29 0.02 0.03 0.20 0.37 0.23 0.17 7.77 5.78 0.03 0.15 0.39 0.29 0.02 0.10 0.15 0.14 0.07 0.09 0.06 0.03 0.05 0.07 0.02 0.07 0.05 0.05 0.03 0.02 0.05 0.05 0.13 0.09

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

367 70 1419 1510 50 40 30 755 330 50 199 298 1601 351 609 5 135 28 42 487 178 1 45 156 18 750 67826 6 1526 1031 58 23 257 1 45198 190 498 529 4 1043 2 186 299 94 13 5421 380 471 3423 290 1398 1199 206 43 638 0 142 124 408 369 245 6 168 698 2 83 3680 611 5 1140 7 302 7208 465 38 448 840 254 21 100 20 1524 843 840 471 26 5 207 50 22 223 363 2 2501 183 30 1045 290 40 78 63 1 332 1191 386 2 36 150 107 722 427 820 4 279 190 668 596 1273 1273 242 429 345 658 172 287 448 20 624 266 57 3538 234 107 357 132 1535 917 5929 1170 476 766 25 142 1339 4 1 429 6 2505 1470 19 79 644 569 49 484 1178 90 24 136 24 3 15 33 634 29 0 6 320 105 214 201 506 769 2 30155 3690 559 2 46 2931 1044

Week Last

12-month

High

Low

Change

0.14 0.09 0.20 0.25 0.11 0.07 0.11 0.24 0.18 0.06 0.08 2.91 5.74 0.53 0.69 0.07 0.11 0.24 0.31 0.14 0.11 0.08 0.52 0.68 0.17 0.22 0.00 0.06 0.07 1.60 0.40 0.43 0.55 9.45 9.38 0.06 0.07 0.36 0.23 0.34 0.09 0.09 0.18 1.61 2.10 3.11 0.02 0.92 0.68 3.19 0.16 0.08 0.06 0.12 0.03 0.00 0.10 0.13 0.15 0.15 0.19 0.00 0.17 0.14 0.11 0.14 0.19 0.15 0.22 0.45 0.35 0.17 0.55 0.75 0.14 0.19 0.16 2.72 0.14 4.99 0.50 3.84 0.01 0.45 0.35 7.63 5.81 0.07 0.07 0.03 0.04 0.38 0.00 2.91 0.77 0.57 0.43 0.04 0.03 0.04 0.31 0.27 0.11 0.13 0.02 0.21 0.32 0.15 0.20 0.15 0.11 0.15 0.33 0.42 0.05 0.08 0.45 0.60 6.12 4.64 0.19 0.15 0.43 0.33 0.12 0.17 0.50 0.40 0.51 0.15 0.20 0.55 0.67 17.71 13.44 0.01 1.07 0.83 0.69 0.07 0.06 0.43 0.12 0.23 0.14 0.12 0.11 0.08 0.05 0.06 0.16 0.07 0.25 0.30 0.02 0.34 1.73 1.30 0.00 0.08 0.06 0.53 0.69 0.09 0.11 0.06 0.00 0.02 0.14 0.41 0.32 0.63 0.10 0.35 0.27 4.49 0.12 0.10 0.14 0.18 0.02 0.02

0.09 0.09 0.08 0.08 0.15 0.20 + 0.20 0.25 + 0.11 0.11 unch 0.07 0.07 unch 0.09 0.09 0.22 0.23 0.17 0.18 0.06 0.06 unch 0.07 0.07 2.63 2.88 + 5.24 5.68 + 0.50 0.53 0.65 0.67 unch 0.07 0.07 0.00 0.10 + 0.00 0.23 + 0.30 0.30 + 0.11 0.14 + 0.08 0.10 + 0.00 0.00 0.49 0.50 0.62 0.65 0.16 0.16 0.20 0.20 0.00 0.00 unch 0.03 0.03 0.00 0.04 1.46 1.56 + 0.35 0.40 + 0.35 0.43 + 0.44 0.53 + 9.45 9.45 unch 8.35 8.72 0.04 0.05 0.06 0.07 0.27 0.30 0.00 0.22 unch 0.30 0.30 0.09 0.09 unch 0.08 0.09 0.15 0.15 1.55 1.61 1.84 2.06 2.87 3.04 + 0.02 0.02 unch 0.82 0.86 0.62 0.67 2.85 2.91 0.12 0.16 0.07 0.07 0.05 0.06 0.12 0.12 unch 0.02 0.02 unch 0.00 0.18 unch 0.09 0.10 + 0.12 0.13 0.12 0.13 0.13 0.13 0.18 0.18 unch 0.00 0.00 unch 0.00 0.15 0.10 0.10 0.11 0.11 unch 0.13 0.13 0.12 0.13 0.09 0.10 0.00 0.22 0.33 0.44 + 0.25 0.35 + 0.14 0.16 + 0.47 0.55 + 0.60 0.75 + 0.12 0.12 0.00 0.17 unch 0.14 0.15 unch 2.55 2.55 0.00 0.13 4.54 4.92 0.45 0.45 unch 3.46 3.81 unch 0.00 0.01 + 0.40 0.41 0.30 0.33 + 7.28 7.28 5.61 5.61 0.07 0.07 0.06 0.06 0.03 0.03 + 0.04 0.04 0.33 0.35 0.00 0.11 unch 2.53 2.78 0.71 0.76 unch 0.55 0.56 0.31 0.34 + 0.03 0.04 0.03 0.03 unch 0.02 0.04 0.24 0.29 0.27 0.27 unch 0.09 0.09 0.12 0.13 0.02 0.02 0.00 0.21 unch 0.00 0.28 + 0.14 0.15 + 0.17 0.19 0.12 0.15 + 0.10 0.11 + 0.13 0.15 + 0.27 0.30 0.34 0.40 0.05 0.05 unch 0.06 0.06 0.39 0.43 0.51 0.57 unch 5.65 6.01 4.38 4.64 0.15 0.18 + 0.12 0.14 + 0.37 0.41 0.29 0.29 0.10 0.12 + 0.12 0.15 unch 0.00 0.50 + 0.32 0.34 0.42 0.42 0.12 0.12 0.16 0.17 0.49 0.51 + 0.61 0.64 + 15.37 17.68 + 11.75 13.35 + 0.00 0.00 + 0.97 1.06 + 0.75 0.83 + 0.61 0.63 0.06 0.07 + 0.04 0.04 0.26 0.43 + 0.09 0.11 + 0.19 0.21 0.14 0.14 0.00 0.12 0.10 0.10 unch 0.07 0.08 0.04 0.04 0.05 0.06 unch 0.16 0.16 unch 0.00 0.07 0.21 0.23 0.28 0.28 0.01 0.02 + 0.27 0.30 + 1.52 1.66 + 1.16 1.29 + 0.00 0.00 unch 0.07 0.08 unch 0.00 0.06 0.53 0.53 + 0.69 0.69 + 0.00 0.08 0.00 0.11 unch 0.01 0.06 + 0.00 0.00 unch 0.02 0.02 unch 0.13 0.14 + 0.36 0.40 unch 0.27 0.27 0.60 0.62 + 0.07 0.08 0.31 0.32 0.27 0.27 unch 4.01 4.24 0.11 0.11 0.08 0.10 + 0.14 0.14 + 0.16 0.17 0.02 0.02 unch 0.02 0.02 -

0.04 0.01 0.04 0.05 0.00 0.00 0.02 0.01 0.01 0.00 0.01 0.28 0.55 0.01 0.00 0.00 0.01 0.03 0.05 0.02 0.01 0.08 0.01 0.01 0.00 0.01 0.00 0.03 0.03 0.01 0.05 0.05 0.06 0.00 0.93 0.01 0.01 0.01 0.00 0.02 0.00 0.01 0.03 0.07 0.14 0.04 0.00 0.02 0.01 0.26 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.02 0.02 0.00 0.02 0.05 0.04 0.02 0.10 0.11 0.01 0.07 0.12 0.02 0.00 0.00 0.10 0.01 0.08 0.00 0.00 0.00 0.02 0.00 0.27 0.29 0.01 0.00 0.00 0.01 0.03 0.00 0.14 0.00 0.02 0.02 0.01 0.00 0.00 0.02 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.03 0.00 0.01 0.03 0.02 0.00 0.02 0.00 0.00 0.09 0.04 0.02 0.01 0.02 0.04 0.00 0.00 0.07 0.05 0.07 0.01 0.01 0.01 0.04 2.04 1.32 0.00 0.05 0.03 0.04 0.02 0.01 0.06 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.02 0.01 0.01 0.09 0.10 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.04 0.00 0.00 0.01 0.00 0.03 0.02 0.01 0.02 0.00 0.42 0.01 0.00 0.00 0.02 0.00 0.00

(100s)

High Low

Stock

0.50 0.14 0.20 0.28 0.17 0.13 0.25 0.48 0.37 0.10 0.14 3.23 6.35 0.65 0.90 0.11 0.18 0.27 0.45 0.19 0.13 0.58 0.61 0.81 0.27 0.35 0.00 0.14 0.16 1.84 0.50 0.56 0.71 15.00 14.90 0.13 0.17 0.38 0.51 0.75 0.18 0.26 0.30 2.02 2.70 6.24 0.04 1.50 1.14 4.62 0.35 0.14 0.11 0.18 0.03 0.18 0.14 0.18 0.21 0.16 0.22 0.01 0.28 0.15 0.12 0.20 0.38 0.32 0.44 0.50 0.36 0.36 0.58 0.80 0.25 0.38 0.33 2.72 0.20 6.89 1.00 5.20 0.01 0.49 0.60 8.32 6.43 0.12 0.09 0.07 0.10 0.45 0.18 3.85 1.15 0.82 0.50 0.08 0.05 0.05 0.59 0.43 0.14 0.19 0.03 0.28 0.40 0.25 0.53 0.17 0.14 0.19 0.39 0.51 0.06 0.09 0.72 0.95 8.10 6.19 0.34 0.26 0.68 0.52 0.14 0.20 1.01 0.79 1.04 0.19 0.25 0.89 0.80 19.83 14.62 0.02 1.42 1.07 0.73 0.10 0.06 0.40 0.11 0.24 0.20 0.15 0.27 0.20 0.07 0.10 0.20 0.14 0.30 0.39 0.12 0.67 2.25 1.63 0.00 0.10 0.08 0.67 0.93 0.16 0.40 0.05 0.01 0.14 0.16 0.54 0.41 2.94 0.12 0.45 0.32 7.61 0.22 0.16 0.20 0.29 0.05 0.04

Heatherdale Rs Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl Heron Res* High Point Exp Highbank Res HighGold* HighGold Highland Copp* Highland Copp Highway 50 Gld Highway 50 Gld* HiHo Silver HiHo Silver* Hochschild Mg* Honey Badger E* Honey Badger E Horizonte Mnls Hornby Bay Mnl* Hornby Bay Mnl HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hybrid Mineral Hylands Intl

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

I-Minerals I-Minerals* IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls Iconic Mnls * Idaho Champion* Idaho Champion IEMR Res IM Exploration IMC Intl Mng IMC Intl Mng* iMetal Res* iMetal Res IMPACT Silver Imperial Metal* Imperial Metal Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indigo Expl Infinite Ore* Infinite Ore Inflection Res Inomin Mines Intact Gold Integra Res Integra Res* Inter-Rock Mnl Interconnect Intercontinent Intl Battery Intl Battery* Intl Bethl Mng* Intl Cobalt* Intl Cobalt Intl Cons Uran* Intl Cons Uran Intl Lithium Intl Lithium* Intl Millm Mng Intl Montoro* Intl Montoro 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 Irving Res* Irving Res IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Ivor Explor Jade Leader* Jade Leader Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jaxon Mining* Jaxon Mining Jayden Res Jazz Res Jervois Mining Jervois Mining* JNC Resources* JNC Resources Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kaizen Discov Kaizen Discvry* Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Mining* Kenadyr Mining Kerr Mines* Kerr Mines Kesselrun Res* Kesselrun Res Kestrel Gold Kilo Goldmines Kilo Goldmines* Kincora Copper* Kincora Copper King Global* King Global Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kirkland Lake* Kirkland Lake Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kootenay Zinc* Kore Mining * Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

0.05 0.01 0.04 0.04 0.11 0.07 0.05 0.15 0.11 0.05 0.07 1.29 2.51 0.18 0.23 0.03 0.02 0.11 0.05 0.03 0.03 0.00 0.19 0.26 0.05 0.08 0.00 0.01 0.02 0.37 0.10 0.01 0.02 4.09 3.79 0.02 0.02 0.26 0.21 0.18 0.09 0.05 0.04 1.17 1.50 2.02 0.01 0.46 0.27 0.75 0.11 0.02 0.02 0.09 0.02 0.12 0.05 0.07 0.04 0.06 0.09 0.00 0.03 0.02 0.02 0.04 0.04 0.02 0.06 0.06 0.05 0.07 0.13 0.20 0.04 0.04 0.10 0.66 0.03 2.56 0.17 1.85 0.00 0.03 0.03 3.10 5.15 0.06 0.04 0.01 0.02 0.11 0.06 0.85 0.20 0.14 0.09 0.02 0.01 0.01 0.07 0.27 0.04 0.06 0.01 0.00 0.12 0.00 0.12 0.02 0.05 0.08 0.08 0.10 0.03 0.03 0.07 0.10 2.88 2.10 0.09 0.06 0.10 0.07 0.08 0.03 0.00 0.10 0.15 0.00 0.03 0.30 0.30 3.68 7.46 0.00 0.32 0.23 0.11 0.04 0.01 0.05 0.03 0.04 0.13 0.06 0.08 0.05 0.01 0.02 0.09 0.02 0.09 0.12 0.00 0.08 0.67 0.53 0.00 0.03 0.02 0.29 0.43 0.07 0.08 0.01 0.00 0.01 0.02 0.08 0.05 0.45 0.06 0.15 0.17 1.76 0.08 0.05 0.04 0.06 0.01 0.00

Exc Volume

Week

12-month

High

Low

Last

71 38077 77 187 55 37 65 15 1 7 172 570 151 167 176 382 355 25 60 55 313 49 67 1283 4850 5257 235 261 31 91 5 81

1.00 5.12 0.86 1.15 1.05 0.54 0.71 0.05 0.31 0.01 1.39 1.85 0.04 0.05 0.30 0.24 0.03 0.02 2.96 0.06 0.08 0.12 0.05 0.07 6.60 8.56 0.32 0.25 0.12 0.15 0.46 0.06

0.85 4.65 0.65 0.83 0.98 0.53 0.65 0.03 0.31 0.00 1.17 1.53 0.03 0.00 0.28 0.22 0.02 0.02 2.75 0.00 0.07 0.12 0.05 0.06 6.00 7.82 0.26 0.20 0.11 0.12 0.00 0.03

0.95 4.79 0.69 0.90 1.03 0.53 0.67 0.05 0.31 0.01 1.30 1.68 0.04 0.05 0.30 0.22 0.02 0.02 2.81 0.06 0.07 0.12 0.05 0.06 6.49 8.50 0.31 0.21 0.12 0.15 0.43 0.04

V 310 O 100 T 6652 N 32779 O 20 V 969 O 603 O 125 C 403 V 660 C 50 C 996 O 423 O 4 V 180 V 825 O 43 T 110 V 1432 O 167 V 230 O 3199 V 684 O 33 V 54 O 51 V 274 C 568 V 203 V 285 V 170 X 182 V 57 V 8 V 115 C 299 O 376 O 18 O 536 C 3833 O 19 V 273 V 635 O 356 V 3708 O 65 V 471 O 1 V 102 O 4023 T 125 X 3349 O 33 V 252 N 851 O 120 T 488 O 37 V 1003 V 1009 O 200 V 210 O 244 C 129 V 449 O 184 V 40 O 19 O 352 T 3377 C 14 O 0 V 29 V 249 T 1668 O 314 V 590 O 198 O 60 V 755 V 129 V 57 V 847 O 1147 O 24 C 68 T 256 O 63 V 703 V 18 O 43 O 4 V 88 O 30 V 245 O 13 V 2683 O 926 V 61 O 43 V 252 C 40 T 46 V 13 O 758 O 453248 O 573 V 4010 O 621 T 1580 O 56 V 2411 V 1422 V 894 O 45 O 228 V 1011 O 10 V 724 V 530 V 174 V 88 O 7 T 19309 N 60168 V 285 N 8748 T 5395 O 48 V 220 O 206 V 1504 O 114 O 138 V 1161 O 721 V 1045 C 363 O 5 O 384 V 1224 O 74 C 283 O 135 C 2395 O 27

0.03 0.02 4.47 3.44 0.04 0.13 0.09 0.18 0.22 0.03 0.11 0.13 0.10 0.10 0.13 1.00 2.65 3.45 0.09 0.39 0.54 0.02 0.18 0.12 0.07 0.04 0.06 0.42 0.08 0.05 4.47 3.44 0.39 0.11 0.11 0.22 0.17 0.01 0.01 0.01 0.48 0.62 0.05 0.04 0.03 0.05 0.07 0.09 0.11 0.00 1.91 1.47 0.07 0.11 14.72 0.36 0.48 0.11 0.16 0.04 0.03 0.32 2.04 2.67 1.50 0.29 0.39 0.11 4.65 5.95 0.33 0.00 0.06 0.03 7.03 5.32 0.34 0.25 0.05 0.07 0.07 0.27 0.30 0.29 0.46 0.64 0.80 0.05 0.03 0.80 0.13 0.10 0.15 0.90 0.57 0.33 7.36 5.58 0.05 0.03 1.35 0.26 0.25 0.45 2.64 0.00 0.03 0.04 0.10 0.14 0.15 0.22 0.10 0.02 0.02 0.06 0.08 0.03 0.05 0.09 0.02 0.17 0.13 9.75 7.47 0.08 40.99 53.55 0.18 0.24 0.07 0.08 1.09 0.23 0.33 0.33 0.39 0.18 0.13 1.13 1.51 0.20 2.22 1.93 0.01 0.00

Change

High Low

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

0.02 0.36 0.13 0.21 0.02 0.02 0.07 0.04 0.00 0.01 0.07 0.10 0.00 0.01 0.01 0.02 0.01 0.00 0.25 0.00 0.00 0.01 0.00 0.01 0.55 0.73 0.03 0.03 0.02 0.02 0.00 0.01

1.35 6.79 1.30 2.25 1.92 0.81 1.11 0.08 0.31 0.03 2.44 3.14 0.04 0.06 0.38 0.24 0.07 0.21 4.35 0.21 0.10 0.20 0.06 0.11 6.52 8.47 0.38 0.29 0.15 0.20 0.75 0.06

0.28 1.40 0.10 0.30 0.55 0.04 0.17 0.01 0.02 0.01 0.42 0.57 0.01 0.02 0.06 0.04 0.02 0.01 0.99 0.00 0.01 0.03 0.01 0.03 1.23 1.66 0.07 0.04 0.02 0.04 0.03 0.03

0.03 0.03 + 0.02 0.02 unch 4.19 4.36 3.20 3.34 0.03 0.03 0.11 0.13 + 0.08 0.09 + 0.16 0.16 0.19 0.19 0.02 0.03 unch 0.11 0.11 unch 0.11 0.12 0.08 0.09 0.09 0.09 0.11 0.12 0.89 0.95 unch 2.53 2.65 + 3.26 3.45 + 0.07 0.07 0.36 0.39 0.47 0.48 0.01 0.02 + 0.15 0.15 0.11 0.11 0.07 0.07 unch 0.04 0.04 0.05 0.06 0.37 0.42 + 0.07 0.07 0.05 0.05 4.20 4.40 unch 3.24 3.36 0.39 0.39 unch 0.11 0.11 unch 0.10 0.11 + 0.17 0.20 + 0.13 0.17 + 0.01 0.01 unch 0.01 0.01 + 0.01 0.01 unch 0.47 0.47 0.57 0.60 unch 0.04 0.05 + 0.03 0.04 + 0.02 0.02 + 0.05 0.05 0.06 0.06 unch 0.09 0.09 unch 0.00 0.10 0.00 0.00 + 1.66 1.79 1.26 1.36 0.06 0.07 + 0.08 0.09 + 12.58 13.93 + 0.29 0.29 0.37 0.38 0.08 0.11 + 0.10 0.15 + 0.04 0.04 0.03 0.03 unch 0.28 0.32 + 1.80 1.88 2.33 2.39 1.30 1.32 0.21 0.25 + 0.24 0.32 + 0.00 0.11 + 4.27 4.48 + 5.60 5.93 + 0.31 0.31 0.00 0.03 unch 0.00 0.05 unch 0.03 0.03 unch 5.90 6.95 + 4.40 5.32 + 0.31 0.32 0.24 0.25 0.05 0.05 unch 0.06 0.06 0.00 0.07 unch 0.00 0.23 0.26 0.29 + 0.17 0.22 + 0.00 0.45 0.00 0.60 0.70 0.76 + 0.05 0.05 unch 0.00 0.03 + 0.65 0.65 0.11 0.12 + 0.00 0.10 + 0.00 0.12 0.53 0.53 + 0.48 0.54 0.28 0.28 6.36 7.30 + 4.70 5.55 + 0.04 0.05 + 0.03 0.03 1.10 1.20 0.00 0.17 unch 0.00 0.25 + 0.00 0.42 unch 2.32 2.53 0.00 0.00 unch 0.00 0.03 + 0.03 0.03 0.08 0.10 + 0.11 0.13 0.13 0.13 0.17 0.18 0.08 0.10 + 0.02 0.02 unch 0.02 0.02 unch 0.06 0.06 unch 0.00 0.07 unch 0.03 0.03 unch 0.00 0.05 unch 0.07 0.09 + 0.00 0.02 + 0.16 0.16 unch 0.00 0.13 9.00 9.33 6.88 7.11 0.08 0.08 unch 38.38 40.22 50.01 52.02 0.16 0.17 0.21 0.21 0.05 0.06 0.07 0.07 0.98 1.05 0.19 0.21 0.26 0.30 0.26 0.29 + + 0.35 0.36 0.12 0.14 0.12 0.12 + 0.98 1.05 + 1.27 1.35 + 0.17 0.20 + 1.99 2.15 + 1.56 1.59 0.01 0.01 unch 0.00 0.00 +

0.01 0.00 0.09 0.07 0.01 0.02 0.00 0.02 0.03 0.00 0.00 0.02 0.01 0.02 0.01 0.00 0.04 0.03 0.02 0.03 0.05 0.00 0.01 0.01 0.00 0.01 0.01 0.02 0.01 0.01 0.00 0.04 0.00 0.00 0.01 0.02 0.03 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.05 0.11 0.01 0.02 1.27 0.08 0.11 0.03 0.04 0.01 0.00 0.02 0.14 0.26 0.11 0.03 0.07 0.00 0.06 0.14 0.02 0.00 0.00 0.00 0.55 0.44 0.02 0.01 0.00 0.01 0.00 0.04 0.02 0.02 0.04 0.04 0.05 0.00 0.01 0.15 0.01 0.01 0.01 0.37 0.02 0.06 0.55 0.40 0.01 0.00 0.02 0.00 0.05 0.00 0.07 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.50 0.41 0.00 0.98 1.90 0.01 0.02 0.00 0.01 0.02 0.02 0.01 0.01 0.01 0.05 0.00 0.07 0.08 0.02 0.01 0.03 0.00 0.00

0.06 0.05 7.07 5.35 0.14 0.15 0.11 0.47 0.44 0.04 0.18 1.00 0.73 0.47 0.60 1.25 2.75 3.56 0.11 0.67 0.86 0.08 0.23 0.17 0.15 0.10 0.14 0.63 0.25 0.09 5.90 5.50 0.45 0.11 0.33 0.22 0.17 0.03 0.02 0.02 0.53 0.74 0.07 0.05 0.03 0.08 0.11 0.15 0.23 0.00 3.07 2.27 0.07 0.10 27.40 0.78 1.11 0.15 0.21 0.04 0.03 0.50 3.48 4.60 1.52 0.54 0.67 0.20 4.69 6.08 0.42 0.20 0.26 0.08 9.20 7.05 0.45 0.34 0.09 0.14 0.09 0.44 0.35 0.26 5.24 0.65 0.91 0.19 0.04 0.80 0.13 0.20 0.29 1.50 0.96 0.65 8.50 6.50 0.08 0.06 1.49 0.30 0.33 1.28 3.57 0.00 0.06 0.08 0.15 0.18 0.37 0.47 0.12 0.03 0.04 0.14 0.19 0.05 0.07 0.23 0.03 0.22 0.15 13.59 10.32 0.15 57.69 76.43 0.29 0.39 0.07 0.09 2.51 0.35 0.54 0.46 0.54 3.00 1.16 1.48 1.96 0.27 2.28 1.93 0.01 0.01

0.02 0.01 2.00 1.44 0.01 0.04 0.02 0.05 0.04 0.01 0.04 0.11 0.08 0.06 0.08 0.22 0.70 0.99 0.03 0.01 0.16 0.01 0.03 0.01 0.06 0.03 0.03 0.37 0.03 0.03 1.53 3.06 0.16 0.06 0.09 0.07 0.05 0.01 0.00 0.01 0.02 0.10 0.03 0.02 0.01 0.01 0.01 0.05 0.07 0.00 0.43 0.33 0.02 0.02 6.00 0.13 0.17 0.06 0.08 0.01 0.01 0.27 1.02 1.45 0.23 0.14 0.21 0.03 1.35 1.80 0.20 0.02 0.04 0.01 1.15 0.81 0.21 0.12 0.02 0.03 0.01 0.14 0.11 0.05 0.24 0.18 0.31 0.04 0.01 0.38 0.03 0.06 0.11 0.20 0.11 0.07 1.55 1.12 0.03 0.02 0.13 0.03 0.09 0.04 2.30 0.00 0.02 0.02 0.06 0.10 0.02 0.03 0.01 0.01 0.00 0.02 0.02 0.00 0.01 0.06 0.01 0.07 0.05 4.00 2.72 0.05 18.03 25.67 0.10 0.14 0.01 0.02 0.12 0.05 0.05 0.08 0.12 0.12 0.12 0.09 0.15 0.03 0.45 0.32 0.01 0.00

I-J-K

/ D EC EMBER 7 â&#x20AC;&#x201C; 2 0 , 2 0 2 0

(100s) Stock

Exc Volume

Week High

Low

12-month

Last

Change

High Low

L La Imperial Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals* Latin Metals Laurion Mnl Ex Laurion Mnl Ex* Le Mare Gold* Le Mare Gold Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Lepanto Con Mg* Libero Copper* Libero Copper Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lido Minerals Lightspeed Dis Lightspeed Dis* Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes 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*

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

321 648 3282 2436 10 866 1896 46 1489 600 2396 1744 320 119 26 168 753 11 1 121 293 527 51040 1501 0 500 236 820 910 361 745 410 20 29 0 29 374 473 4913 30621 1095 177 2122 24 822 0 202 71 2 327 1043 488 56 287 17 0 47 5 379 57 408 10 50 305 234 150 1414 257 10174 41 268 341 1412 352

0.06 0.41 0.53 0.06 20.39 26.81 0.06 0.80 0.26 0.00 0.87 1.12 0.11 0.14 0.08 0.13 0.20 0.16 0.03 0.06 0.25 0.20 1.26 0.20 0.00 0.00 0.09 0.11 1.36 0.06 0.06 0.04 0.22 0.14 0.00 0.20 1.55 1.23 16.21 12.48 0.22 0.17 0.26 0.10 0.13 0.00 0.06 0.09 0.10 0.29 0.06 0.05 0.54 0.74 0.87 0.00 6.75 0.21 0.54 0.07 0.08 0.23 0.32 0.61 0.80 0.75 11.27 7.80 10.41 0.04 0.04 0.02 2.85 2.95

Macarthur Min* Macarthur Min MacDonald Mns* MacDonald Mns MAG Silver Magellan Gold* Magna Gold Magna Gold* 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 Maple Gold* Maple Gold Marathon Gold* Marathon Gold Marifil Mines Marifil Mines* Marimaca Cop Marimaca Cop* Mariner Res* Maritime Res MartinMarietta* Mas Gold Mascota Res* 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* Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium Megastar Dev Megastar Dev* MegumaGold MegumaGold* Melkior Res* Melkior Res Merger Mines* Meridian Mg Meryllion Res Meryllion Res* MetalCorp* MetalCorp Metalex Vent Metalex Vent * Metalla Rylty Metallic Mnrls Metallic Mnrls* Metallis Res Metalo Manuf Metalore Res Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Mich Resources Midas Gold Midas Gold* Midasco Cap Midland Expl Midnight Star

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

808 1154 2823 1704 893 16 416 182 176 82 9 303 614 8 414 219 326 1723 2383 50 764 416 202 493 2622 28 5 102 102 1440 2382 280 3365 458 309 193 9 31 554 1583 308 1 517 1274 14 1044 595 427 824 218 705 1139 302 36 0 64 9 13601 766 52 11 246 269 526 28 953 2227 25 195 1222 89 67 696 122 16 46 0 776 909 0 90 5181 236 22 160 557 351 236 22 0 72 314 350 45 205 1179 461 88 950 1900 65 41 295

0.33 0.45 0.06 0.08 20.38 1.07 1.18 0.91 0.24 0.07 0.05 0.06 0.29 0.19 0.62 0.82 0.45 0.25 0.34 0.06 0.08 1.58 1.18 0.21 0.28 0.08 0.08 0.04 0.05 0.31 0.40 2.02 2.59 0.05 0.04 3.32 2.57 0.60 0.14 277.56 0.10 1.89 0.34 0.43 0.19 0.04 0.01 7.50 5.22 0.33 0.43 0.52 0.08 0.06 0.05 0.10 0.54 1.00 1.30 0.06 0.48 1.53 0.25 0.20 0.04 0.04 0.00 0.12 0.09 0.13 0.12 0.09 0.11 0.09 0.72 0.92 0.00 0.25 0.01 0.00 0.05 0.09 0.05 0.02 12.01 0.70 0.54 0.36 0.12 2.45 0.05 0.06 0.07 0.24 0.08 0.06 0.05 0.29 1.26 0.99 0.08 0.91 0.15

0.06 0.32 0.43 0.02 18.64 24.19 0.04 0.75 0.21 0.00 0.77 1.00 0.11 0.12 0.08 0.00 0.18 0.14 0.00 0.05 0.20 0.14 0.78 0.17 0.00 0.00 0.07 0.09 1.25 0.05 0.02 0.03 0.00 0.00 0.00 0.19 1.44 1.10 13.44 10.27 0.19 0.15 0.20 0.05 0.07 0.00 0.06 0.06 0.07 0.24 0.05 0.03 0.46 0.58 0.69 0.00 6.00 0.21 0.50 0.05 0.06 0.21 0.00 0.57 0.73 0.67 10.25 6.99 9.13 0.02 0.04 0.01 2.55 2.57

0.06 0.34 0.45 0.05 20.22 26.31 0.06 0.80 0.25 0.00 0.84 1.05 0.11 0.12 0.08 0.13 0.19 0.14 0.03 0.06 0.23 0.19 0.98 0.18 0.12 0.00 0.08 0.11 1.34 0.05 0.04 0.03 0.21 0.14 0.16 0.20 1.50 1.16 15.45 11.52 0.21 0.17 0.22 0.08 0.12 0.04 0.06 0.06 0.10 0.29 0.06 0.04 0.54 0.68 0.75 4.53 6.20 0.21 0.51 0.06 0.07 0.23 0.31 0.60 0.79 0.69 11.01 7.73 10.32 0.03 0.04 0.02 2.79 2.78

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

0.00 0.02 0.01 0.02 1.79 2.00 0.02 0.02 0.04 0.00 0.06 0.02 0.00 0.03 0.00 0.03 0.02 0.01 0.00 0.01 0.03 0.05 0.26 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.02 0.00 0.01 0.02 0.00 0.01 0.03 0.04 1.91 1.18 0.01 0.00 0.02 0.03 0.04 0.00 0.00 0.02 0.03 0.06 0.01 0.00 0.03 0.03 0.07 0.00 0.45 0.00 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.07 0.11 0.80 1.27 0.01 0.00 0.01 0.31 0.27

0.12 0.50 0.63 0.08 21.78 28.95 0.32 1.02 0.37 0.01 0.95 1.23 0.16 0.22 0.11 0.15 0.24 0.18 0.05 0.09 0.34 0.25 1.26 0.45 0.15 0.00 0.16 0.22 1.82 0.08 0.06 0.20 0.30 0.33 0.25 0.28 2.66 2.00 22.47 16.97 0.43 0.33 0.33 0.14 0.24 0.05 0.08 0.20 0.28 0.90 0.07 0.05 0.66 0.89 2.33 4.53 6.75 0.27 0.91 0.22 0.27 0.43 0.58 0.91 1.19 1.08 13.49 7.80 10.09 0.04 0.05 0.08 2.85 2.95

0.01 0.09 0.10 0.00 9.71 13.25 0.02 0.45 0.10 0.00 0.40 0.56 0.10 0.08 0.04 0.05 0.09 0.09 0.03 0.05 0.01 0.03 0.08 0.14 0.01 0.00 0.02 0.03 0.38 0.04 0.01 0.02 0.19 0.08 0.07 0.05 0.72 0.50 2.90 1.92 0.10 0.07 0.05 0.01 0.03 0.03 0.03 0.04 0.03 0.06 0.02 0.01 0.22 0.32 0.22 2.66 1.95 0.09 0.40 0.05 0.06 0.17 0.16 0.29 0.46 0.41 5.82 2.82 4.08 0.00 0.01 0.00 0.58 0.55

0.30 0.30 0.39 0.41 0.05 0.05 0.07 0.07 18.65 19.29 1.00 1.05 + 0.91 0.99 0.70 0.77 0.00 0.20 0.06 0.07 + + 0.00 0.05 0.06 0.06 unch 0.20 0.23 0.17 0.17 unch 0.49 0.51 0.65 0.65 0.39 0.40 0.19 0.25 + 0.25 0.32 + 0.06 0.06 unch 0.07 0.08 + 1.17 1.32 0.90 0.98 0.17 0.19 + 0.22 0.27 + 0.00 0.08 unch 0.06 0.06 0.04 0.04 + 0.05 0.05 0.25 0.29 0.33 0.37 1.74 2.00 + 2.27 2.56 + 0.04 0.05 unch 0.00 0.04 + 3.10 3.30 2.43 2.51 0.54 0.55 0.13 0.14 unch 265.25 271.01 + 0.08 0.09 0.00 1.76 0.27 0.29 + 0.35 0.40 + 0.16 0.19 unch 0.03 0.03 0.00 0.01 unch 6.30 6.59 4.85 5.13 0.28 0.33 + 0.37 0.42 + 0.43 0.44 0.07 0.07 0.05 0.05 0.00 0.04 0.00 0.10 0.00 0.54 + 0.93 0.98 1.21 1.25 0.00 0.05 0.46 0.48 1.47 1.51 unch 0.19 0.21 0.15 0.15 0.03 0.03 0.00 0.04 0.00 0.00 0.12 0.12 unch 0.08 0.09 0.11 0.13 + 0.10 0.11 0.09 0.09 0.10 0.10 0.07 0.08 0.67 0.67 0.89 0.90 0.00 5.00 unch 0.19 0.24 + 0.01 0.01 0.00 0.00 unch 0.04 0.05 0.06 0.07 0.04 0.05 + 0.02 0.02 unch 10.96 11.37 0.62 0.66 0.48 0.51 0.27 0.32 unch 0.11 0.11 2.21 2.21 0.04 0.04 0.06 0.06 unch 0.07 0.07 + 0.24 0.24 0.06 0.08 0.05 0.05 0.04 0.05 + 0.26 0.26 unch 1.12 1.19 0.82 0.91 0.08 0.08 unch 0.83 0.90 + 0.13 0.15 +

0.04 0.02 0.00 0.01 1.34 0.04 0.18 0.13 0.04 0.01 0.00 0.00 0.02 0.00 0.09 0.15 0.03 0.03 0.05 0.00 0.01 0.25 0.24 0.01 0.03 0.00 0.02 0.00 0.01 0.01 0.02 0.17 0.19 0.00 0.00 0.05 0.05 0.01 0.00 5.41 0.02 0.25 0.02 0.04 0.00 0.01 0.00 0.18 0.02 0.03 0.03 0.03 0.01 0.00 0.01 0.02 0.11 0.00 0.04 0.01 0.00 0.00 0.06 0.04 0.01 0.01 0.00 0.00 0.00 0.02 0.02 0.00 0.01 0.01 0.01 0.03 0.00 0.04 0.01 0.00 0.01 0.02 0.01 0.00 0.64 0.03 0.03 0.00 0.01 0.24 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.04 0.00 0.03 0.01

0.50 0.67 0.10 0.15 26.29 1.84 1.89 1.46 0.48 0.08 0.06 0.08 0.82 0.52 1.27 1.65 0.74 0.50 0.54 0.10 0.09 2.12 1.65 0.85 1.11 0.13 0.09 0.07 0.08 0.42 0.56 2.02 2.62 0.11 0.08 3.71 2.80 0.60 0.23 281.82 0.14 2.60 0.43 0.57 0.19 0.05 0.05 7.78 6.00 0.44 0.57 0.55 0.12 0.09 0.20 0.18 0.57 1.53 2.02 0.18 0.63 3.43 0.41 0.31 0.06 0.08 0.00 0.29 0.12 0.15 0.20 0.14 0.21 0.16 1.00 1.25 15.00 0.39 0.02 0.00 0.08 0.11 0.07 0.04 13.47 1.30 0.94 0.64 0.30 3.65 0.08 0.10 0.08 0.42 0.15 0.15 0.11 0.50 2.04 1.55 0.15 1.13 0.35

0.04 0.07 0.04 0.05 5.33 0.20 0.24 0.02 0.21 0.03 0.02 0.04 0.13 0.17 0.49 0.50 0.22 0.16 0.22 0.02 0.02 0.46 0.38 0.04 0.06 0.04 0.02 0.02 0.03 0.03 0.04 0.52 0.71 0.03 0.02 1.00 0.03 0.34 0.05 135.08 0.03 0.51 0.08 0.12 0.10 0.02 0.00 3.10 2.51 0.11 0.15 0.06 0.03 0.02 0.04 0.05 0.39 0.53 0.76 0.01 0.14 1.28 0.05 0.03 0.02 0.03 0.00 0.02 0.03 0.05 0.05 0.05 0.09 0.06 0.01 0.06 5.00 0.06 0.01 0.00 0.00 0.01 0.02 0.01 4.06 0.10 0.07 0.11 0.07 1.00 0.02 0.03 0.03 0.15 0.01 0.04 0.02 0.15 0.24 0.16 0.07 0.46 0.10

D EC EMBER 7 – 2 0 , 2 0 2 0

ST O C K (100s) Stock

Exc Volume

Week Low

0.17 0.17 0.20 0.21 2.05 2.22 + 2.67 2.98 + 0.07 0.08 0.10 0.10 0.48 0.51 + 0.37 0.38 + 0.35 0.36 0.47 0.50 0.49 0.52 0.65 0.67 0.13 0.13 0.16 0.17 0.20 0.21 0.26 0.30 + 0.00 19.65 unch 0.00 0.00 unch 0.04 0.05 + 0.06 0.07 + 0.06 0.06 unch 0.07 0.07 0.00 0.00 unch 0.23 0.24 0.36 0.38 0.29 0.32 + 0.18 0.23 + 0.08 0.08 unch 0.09 0.10 0.35 0.41 + 0.26 0.29 + 0.16 0.17 + 0.11 0.13 + 0.50 0.50 0.38 0.40 0.09 0.10 0.12 0.12 0.00 0.19 unch 0.00 0.14 + 0.75 0.82 0.01 0.01 unch 0.04 0.04 0.15 0.19 0.19 0.24 + 0.08 0.08 0.06 0.07 + 0.13 0.13 unch 0.15 0.16 19.80 22.68 + 0.00 0.07 + 0.22 0.28 + 0.30 0.35 + 0.31 0.34 + 0.40 0.43 0.47 0.71 + 0.16 0.16 0.11 0.13 unch 0.06 0.06 unch 0.08 0.08 + 0.36 0.36 unch

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

57 110 288 3737 1422 1416 432 404 14 69 983 998 77 152 14 566 0 931 668 2906 1 595 22600 191 512 751 369 2 328 1604 92 142 338 2102 432 162 1231 1 1 378 241 3732 187 584 656 47 81 94 33171 56 590 1028 192 837 3204 333 32 283 60 38

0.18 0.23 2.42 3.18 0.09 0.12 0.53 0.41 0.38 0.51 0.54 0.69 0.14 0.18 0.24 0.30 0.00 0.00 0.05 0.07 0.06 0.07 0.00 0.27 0.40 0.32 0.23 0.08 0.11 0.42 0.30 0.18 0.14 0.55 0.44 0.11 0.14 0.00 0.14 0.89 0.01 0.05 0.19 0.28 0.09 0.07 0.13 0.17 23.19 0.07 0.31 0.39 0.35 0.46 0.74 0.16 0.13 0.06 0.08 0.36

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Napier Vent* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* Navy Res Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper Nevada Expl * Nevada Expl Nevada Sunrise* Nevada Sunrise Nevada Zinc Nevado Res 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 Milln Iron* New Milln Iron New Oroperu New Pac Metals* New Pac Metals New Placer* New Placer New Stratus New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp* Newmont Corp Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexco Res Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals Nickel Creek Nickel Creek* Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* 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 Uran Northisle C&G * Northisle C&G Northstar Gold Northstar Gold* Norvista Cap

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

67691 104 474 365 31 78 464 19 241 4111 79 1264 55 13 16046 550 392 488 149 69 17 1193 1754 106 1222 26 387 7 100 1304 30371 8028 172 937 1014 8568 76 322 546 1640 2587 242 0 1113 7 593 77 7 17 1361 0 38789 525 1137 1925 181 989 1 107 92 2998 3193 6504 487 3031 84 638 506 111 62 37 1161 167 5 513 234 284 329 585 2644 1826 360 867 177 4935 580 197 217 28 742 671 113 76 723 968 57 1688 466 168 15 16 16990 15 25 183 435 246 30 664 262 156 41

0.00 27.90 0.25 0.17 0.02 15.43 0.00 3.06 0.55 1.58 0.30 0.35 0.26 0.60 0.12 0.11 0.14 0.12 0.16 0.06 0.16 0.06 0.08 0.04 0.06 0.06 0.09 0.07 0.09 4.40 1.83 2.38 0.00 0.29 0.23 0.29 3.59 5.40 7.06 0.23 0.29 0.44 0.00 0.08 2.13 0.78 0.57 27.63 20.15 0.16 0.00 61.22 79.97 0.53 0.00 0.10 0.13 10.63 8.24 0.30 2.48 1.92 0.07 0.05 0.06 0.66 0.15 0.12 0.04 0.18 0.14 0.13 0.10 0.96 1.31 0.63 0.22 0.80 0.62 0.06 0.04 0.01 0.09 0.07 0.52 0.39 0.03 28.81 0.12 0.16 0.11 0.12 0.28 0.82 1.09 0.02 0.02 0.23 0.19 0.04 0.06 0.00 0.52 0.66 0.04 0.07 0.01 0.16 0.24 0.30 0.23 0.15

Last

T ABLES

12-month

High

Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millrock Res* Millrock Res Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech* Mineworx Tech Minfocus Expl* Minfocus Expl Mining Global* Minnova Corp Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Mojave Gold Mojave Gold* Monarca Mnrls Monarca Mnrls* Monarch Gold Monarch Gold* Moneta Porcpn* Moneta Porcpn Monitor Vent Monitor Vent* Montage Gold Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mosaic Min Mountain Boy* Mountain Boy Mountain Prov* Mountain Prov MPV Explor Mundoro Cap Mundoro Cap* Murchison Min* Murchison Min Musgrave Min*

Change

0.00 27.29 + 0.21 unch 0.17 + 0.01 14.25 0.00 unch 3.03 + 0.55 + 1.51 + 0.21 0.34 + 0.26 + 0.60 0.12 + 0.10 + 0.13 0.11 0.15 0.06 + 0.16 0.06 + 0.08 + 0.04 0.05 0.06 0.08 + 0.07 + 0.09 + 4.03 1.83 + 2.34 0.00 + 0.24 0.22 + 0.28 + 3.10 + 5.26 6.92 0.21 0.26 0.43 + 0.02 unch 0.07 1.84 + 0.70 0.53 25.02 19.83 0.16 + 0.09 unch 58.48 75.70 0.48 unch 0.00 0.10 + 0.12 10.51 + 8.20 + 0.23 + 2.37 + 1.85 + 0.06 0.04 0.06 0.66 + 0.14 unch 0.11 + 0.04 + 0.16 0.12 + 0.12 0.08 0.95 + 1.22 + 0.62 unch 0.17 0.78 0.59 0.06 + 0.04 + 0.01 unch 0.08 0.07 + 0.52 + 0.37 + 0.03 + 28.63 + 0.12 0.16 + 0.10 0.12 unch 0.25 unch 0.81 + 1.00 0.02 0.02 0.21 + 0.16 + 0.04 unch 0.06 + 0.00 unch 0.47 0.62 0.04 0.07 unch 0.01 unch 0.16 + 0.20 0.29 0.22 0.13 -

(100s)

High Low

Stock

0.00 0.01 0.02 0.13 0.00 0.01 0.02 0.01 0.02 0.01 0.01 0.02 0.01 0.02 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.03 0.01 0.04 0.05 0.00 0.01 0.03 0.00 0.02 0.01 0.05 0.02 0.00 0.02 0.00 0.00 0.03 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.02 3.07 0.02 0.04 0.03 0.01 0.01 0.21 0.01 0.00 0.00 0.01 0.00

0.21 0.28 2.42 3.18 0.23 0.32 0.85 0.67 0.60 0.83 0.62 0.78 0.18 0.25 0.43 0.53 19.65 0.00 0.12 0.16 5.00 0.09 0.00 0.60 0.62 0.41 0.19 0.16 0.18 0.45 0.35 0.30 0.20 0.60 0.46 0.16 0.22 0.45 0.33 1.27 0.06 0.10 0.20 0.28 0.12 0.09 0.50 0.65 23.19 0.07 0.52 0.69 0.86 1.21 0.73 0.21 0.14 0.11 0.18 0.60

0.04 0.03 0.38 0.61 0.06 0.09 0.22 0.16 0.14 0.20 0.11 0.16 0.07 0.05 0.16 0.22 11.36 0.00 0.04 0.05 0.01 0.02 0.00 0.05 0.29 0.03 0.05 0.06 0.08 0.03 0.02 0.02 0.01 0.11 0.07 0.04 0.06 0.12 0.08 0.75 0.01 0.02 0.02 0.01 0.04 0.00 0.06 0.08 6.50 0.05 0.09 0.14 0.17 0.25 0.21 0.09 0.06 0.04 0.05 0.32

0.00 2.89 0.00 0.01 0.01 0.36 0.00 0.71 0.05 0.03 0.09 0.06 0.04 0.19 0.03 0.00 0.01 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.03 0.02 0.36 0.01 0.05 0.00 0.04 0.05 0.05 0.06 0.03 0.01 0.00 0.01 0.01 0.00 0.01 0.16 0.08 0.06 2.57 1.22 0.01 0.00 3.17 4.77 0.00 0.00 0.01 0.01 0.36 0.53 0.10 0.16 0.15 0.01 0.00 0.01 0.23 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.05 0.02 0.00 0.03 0.02 0.02 0.01 0.01 0.00 0.01 0.00 0.22 0.15 0.01 1.24 0.00 0.01 0.01 0.00 0.00 0.01 0.06 0.00 0.01 0.03 0.01 0.00 0.01 0.00 0.03 0.02 0.01 0.00 0.00 0.01 0.03 0.02 0.01 0.02

0.03 50.28 0.37 0.29 0.12 22.02 0.02 3.90 0.55 1.65 0.40 0.45 0.41 4.00 0.38 0.30 0.39 0.25 0.31 0.08 0.18 0.11 0.15 0.09 0.11 0.07 0.11 0.20 0.11 4.90 2.28 2.98 0.13 0.39 0.23 0.24 3.59 5.60 7.23 0.80 0.95 0.62 0.10 0.15 2.50 0.92 0.70 31.25 26.42 0.19 0.16 72.22 96.45 0.53 0.01 0.31 0.43 12.35 9.46 0.30 2.64 2.04 0.08 0.12 0.14 0.69 0.33 0.24 0.10 0.18 0.14 0.21 0.14 2.20 2.90 0.93 0.28 1.02 0.78 0.09 0.06 0.03 0.14 0.10 0.48 0.30 0.15 35.52 0.16 0.23 0.21 0.17 0.30 2.21 2.79 0.03 0.05 0.30 0.33 0.06 0.08 0.00 3.00 1.38 0.07 0.11 0.02 0.17 0.30 0.55 0.38 0.19

0.00 17.95 0.10 0.06 0.01 8.50 0.00 0.92 0.12 0.38 0.05 0.08 0.06 0.30 0.06 0.08 0.12 0.01 0.01 0.03 0.07 0.02 0.04 0.02 0.03 0.03 0.02 0.00 0.02 1.24 0.39 0.55 0.00 0.12 0.03 0.04 0.54 1.68 2.34 0.05 0.22 0.03 0.02 0.03 0.36 0.14 0.09 25.50 11.59 0.03 0.03 33.00 44.00 0.25 0.00 0.05 0.07 3.94 2.57 0.06 0.76 0.50 0.02 0.01 0.03 0.24 0.02 0.02 0.01 0.04 0.02 0.04 0.04 0.26 0.97 0.20 0.10 0.53 0.38 0.01 0.01 0.01 0.03 0.02 0.05 0.04 0.00 18.62 0.08 0.12 0.02 0.02 0.04 0.20 0.25 0.00 0.01 0.06 0.05 0.02 0.03 0.00 0.16 0.30 0.02 0.02 0.01 0.01 0.02 0.19 0.20 0.04

N-O 0.00 24.23 0.19 0.14 0.01 14.16 0.00 2.00 0.50 1.43 0.17 0.29 0.22 0.50 0.08 0.10 0.13 0.10 0.00 0.05 0.16 0.05 0.07 0.04 0.05 0.06 0.07 0.00 0.07 3.71 1.64 2.15 0.00 0.20 0.15 0.20 2.90 5.22 6.51 0.18 0.24 0.35 0.00 0.07 1.65 0.65 0.53 25.02 19.18 0.14 0.00 56.55 73.54 0.48 0.00 0.09 0.12 0.00 7.64 0.13 2.20 1.68 0.06 0.04 0.05 0.44 0.13 0.11 0.04 0.16 0.00 0.11 0.08 0.91 1.16 0.60 0.16 0.76 0.58 0.03 0.00 0.01 0.08 0.06 0.30 0.22 0.01 27.36 0.12 0.16 0.00 0.00 0.25 0.74 0.95 0.01 0.02 0.17 0.14 0.04 0.05 0.00 0.46 0.60 0.04 0.07 0.01 0.16 0.18 0.27 0.00 0.13

WWW. NOR T H ER NMINER . C OM

/ T H E NOR T H ER N MINER

(100s) Stock

Week

Exc Volume

High

Low

Last

NorZinc* NorZinc Nouveau Monde* Nouveau Monde NovaGold Res NovaGold Res* Novo Res* Novo Res NQ Minerals Pl* NRG Metals* Nrthn Graphite* Nrthn Graphite Nrthn Lion Nrthn Lion* Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold 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* O3 Mining* O3 Mining Oakley Vent OceanaGold* OceanaGold Oceanic Iron O Oceanus Res* Oceanus Res Olivut Res* Olivut Res Omai Gold Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl* Opawica Expl Ophir Gold Ophir Gold* Optimum Vent Optimus Gold Opus One Gold Opus One Gold* 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 Original Sixtn* Orla Mng Ltd* Orla Mng Ltd Oro X Mining* Oro X Mining Oroco Res Oroco Res* Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res Osisko Gold Osisko Gold* Osisko Metals Osisko Metals* Osisko Mng Inc Otso Gold* Otso Gold Outcrop Gold Outcrop Gold* OZ Minerals*

O 1183 T 3375 O 2781 V 10201 T 1672 X 7366 O 1787 V 2879 O 100 O 78 O 306 V 276 V 7 O 1 O 27 V 2086 V 350 O 621 O 432 V 846 V 4 C 538 T 31805 X 478009 O 10 V 387 C 607 O 180 V 4347 O 3297 N 8272 T 6338 O 228 V 191 O 0 O 108 V 456 C 103 O 3 T 7214 V 29 O 418 V 2047 O 34 V 1892 V 2315 V 323 O 434 C 343 O 4 O 0 V 116 V 289 O 85 V 44 V 20 V 687 O 5 O 274 V 502 O 521 T 625 V 364 V 138 O 207 V 1318 O 155 V 372 V 191 O 0 V 168 C 267 O 15 O 231 T 3262 O 5 V 41 V 1343 O 1292 T 908 T 610 V 145 O 5 T 53 O 6 V 276 T 1650 N 3792 V 337 O 125 T 4045 O 132 V 1290 V 729 O 481 O 1

0.06 0.08 0.66 0.82 13.72 10.48 2.40 3.12 0.09 0.24 0.24 0.32 0.37 0.28 0.09 0.08 1.03 0.84 0.51 0.66 0.40 0.07 1.18 0.91 0.00 0.38 0.01 0.01 0.20 0.16 49.77 64.60 0.23 0.29 0.00 2.21 2.95 0.15 1.27 1.77 0.19 0.32 0.44 0.07 0.11 0.27 0.33 0.26 0.07 0.06 0.00 0.14 0.19 0.15 0.36 0.18 0.07 0.06 0.45 0.59 0.09 0.12 0.16 0.07 0.12 0.16 0.72 0.93 0.15 0.06 0.09 0.17 0.19 4.90 6.47 0.59 0.75 1.45 1.15 4.00 0.43 0.32 0.24 0.25 0.19 1.30 14.12 10.84 0.45 0.33 3.62 0.04 0.05 0.50 0.39 11.91

0.05 0.06 0.44 0.56 12.61 9.72 1.77 2.15 0.08 0.20 0.18 0.25 0.37 0.28 0.00 0.06 0.90 0.70 0.43 0.56 0.00 0.05 0.43 0.35 0.00 0.34 0.01 0.00 0.16 0.12 45.68 59.63 0.18 0.00 0.00 1.73 2.23 0.14 1.27 1.62 0.00 0.27 0.35 0.05 0.05 0.15 0.28 0.22 0.07 0.05 0.00 0.12 0.17 0.14 0.35 0.18 0.05 0.06 0.41 0.53 0.08 0.10 0.14 0.06 0.10 0.13 0.68 0.89 0.14 0.00 0.08 0.15 0.19 4.33 5.65 0.00 0.69 1.35 1.04 3.48 0.31 0.31 0.00 0.22 0.18 1.22 13.46 10.30 0.41 0.30 3.30 0.00 0.04 0.42 0.32 0.00

0.05 0.07 0.49 0.70 12.96 10.05 1.81 2.24 0.09 0.21 0.22 0.29 0.37 0.28 0.08 0.07 0.97 0.75 0.47 0.58 0.36 0.05 0.48 0.38 0.00 0.37 0.01 0.00 0.19 0.14 49.41 64.30 0.21 0.26 0.04 2.18 2.95 0.14 1.27 1.64 0.19 0.28 0.41 0.05 0.11 0.17 0.32 0.24 0.07 0.06 0.10 0.13 0.18 0.15 0.35 0.18 0.06 0.06 0.44 0.57 0.09 0.11 0.15 0.06 0.11 0.15 0.70 0.92 0.14 0.06 0.08 0.15 0.19 4.79 6.21 0.54 0.70 1.41 1.09 3.97 0.42 0.32 0.24 0.24 0.19 1.24 14.00 10.78 0.44 0.33 3.56 0.04 0.04 0.46 0.35 11.85

P2 Gold* P2 Gold Pac Bay Mnrls Pac Booker Min Pac Booker Min* Pac Cascade Pac Imperial Pac Ridge Expl* Pac Ridge Expl Pacific Empire Pacific Rim* Pacific Rim Pacific Silk* Pacific Silk Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pan Am Silver* Pan Am Silver Pan Global Res* Pan Global Res Pancontinental* Pancontinental Pangolin Dia Panoro Mnrls Panoro Mnrls* Pantheon Vent Para Resources Paramount Gold* Paringa Res* Pasinex Res Pasofino Gold* Pasofino Gold Patriot Gold Patriot Gold* Peabody Enrgy* Pedro Res Pelangio Expl* Pelangio Expl Peloton Mnrls Peloton Mnrls* PepinNini Lith* Perseus Mng Pershimex Res Pershing Res* Peruvian Metal* Peruvian Metal Philex Mng* Philippine Mtl* Philippine Mtl Phoenix Global* Phoenix Gold Pine Cliff En* Pine Cliff En Pistol Bay Mng* Pistol Bay Mng Pivit Explor PJSC Polyus Gd* PJX Res Plata Latina Plate Res Plateau Energy Plateau Energy* Platinex Inc* Platinex Inc Platinum Gp Mt Platinum Gp Mt* Plato Gold Playfair Mng Playfair Mng*

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

12-month Change

High Low

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

0.01 0.01 0.12 0.10 0.81 0.50 0.51 0.78 0.04 0.01 0.02 0.03 0.00 0.00 0.00 0.02 0.02 0.01 0.03 0.07 0.04 0.02 0.67 0.50 0.00 0.03 0.00 0.01 0.01 0.00 4.08 4.97 0.02 0.02 0.00 0.31 0.49 0.01 0.00 0.07 0.01 0.03 0.00 0.01 0.05 0.08 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.03 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.02 0.01 0.00 0.07 0.01 0.03 0.00 0.23 0.22 0.03 0.04 0.01 0.00 0.48 0.02 0.01 0.04 0.01 0.00 0.06 0.26 0.11 0.02 0.03 0.01 0.00 0.01 0.04 0.03 1.35

0.09 0.12 0.76 1.00 18.00 12.85 3.30 4.16 0.13 0.37 0.28 0.35 0.45 0.34 0.25 0.18 1.16 0.89 0.57 0.72 0.69 0.14 3.28 2.49 0.05 0.69 0.02 0.03 0.24 0.19 49.23 64.58 0.38 0.48 0.10 3.88 3.68 0.25 2.86 4.01 0.24 0.53 0.70 0.07 0.11 0.30 0.75 0.55 0.15 0.11 0.11 0.24 0.22 0.17 0.50 0.18 0.12 0.08 0.55 0.73 0.19 0.25 0.26 0.28 0.24 0.31 1.01 1.27 0.24 0.13 0.14 0.27 0.25 5.53 7.51 0.68 0.90 1.52 1.15 3.88 0.70 0.45 0.33 0.32 0.26 1.65 17.50 13.31 0.57 0.42 4.85 0.08 0.11 0.88 0.66 11.91

0.01 0.02 0.09 0.13 6.40 4.65 1.00 1.41 0.05 0.04 0.04 0.06 0.11 0.08 0.02 0.05 0.07 0.05 0.11 0.15 0.06 0.03 0.43 0.35 0.00 0.07 0.01 0.00 0.03 0.02 23.85 34.80 0.05 0.07 0.02 0.64 1.06 0.12 0.00 1.16 0.05 0.03 0.04 0.02 0.03 0.19 0.05 0.03 0.03 0.02 0.03 0.05 0.07 0.07 0.15 0.01 0.02 0.06 0.15 0.20 0.06 0.09 0.04 0.03 0.03 0.04 0.14 0.22 0.02 0.03 0.04 0.12 0.02 1.10 1.48 0.17 0.23 0.20 0.05 1.60 0.03 0.10 0.09 0.11 0.09 0.43 6.35 4.65 0.24 0.17 1.67 0.02 0.02 0.09 0.07 3.48

0.31 0.32 unch 0.36 0.36 0.16 0.16 unch 2.02 2.15 + 0.00 1.60 0.17 0.20 0.03 0.04 unch 0.06 0.06 unch 0.00 0.07 unch 0.05 0.07 0.24 0.28 0.32 0.34 0.02 0.02 unch 0.02 0.02 0.87 0.90 0.10 0.11 + 0.17 0.17 0.00 0.13 0.56 0.74 + 0.01 0.01 0.00 0.01 unch 0.13 0.16 + 0.10 0.12 + 28.33 29.12 36.79 38.16 0.34 0.34 + 0.38 0.42 0.07 0.07 0.10 0.10 0.00 0.03 + 0.11 0.13 + 0.08 0.08 0.05 0.07 0.29 0.30 unch 0.96 1.06 + 0.02 0.02 + 0.02 0.02 + 0.13 0.14 0.17 0.18 unch 0.15 0.15 unch 0.12 0.12 + 1.18 1.62 + 0.11 0.13 + 0.11 0.12 0.15 0.15 0.00 0.14 + 0.00 0.10 0.00 0.15 unch 1.02 1.05 0.05 0.05 0.01 0.01 unch 0.02 0.04 + 0.04 0.05 + 0.10 0.10 + 0.07 0.07 0.07 0.07 + 0.49 0.49 unch 0.20 0.22 + 0.21 0.21 + 0.26 0.27 + 0.03 0.03 0.04 0.04 0.34 0.34 94.80 100.00 0.14 0.15 0.04 0.04 unch 0.09 0.09 0.23 0.26 + 0.16 0.23 + 0.04 0.04 unch 0.05 0.06 + 2.80 3.22 + 2.15 2.39 + 0.00 0.03 0.10 0.13 unch 0.08 0.09 unch

0.00 0.07 0.00 0.04 0.01 0.02 0.00 0.00 0.00 0.02 0.03 0.02 0.00 0.01 0.10 0.01 0.02 0.02 0.09 0.01 0.00 0.01 0.01 1.68 2.14 0.03 0.02 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.45 0.01 0.00 0.01 0.01 0.01 0.00 0.09 0.01 0.00 0.01 0.01 0.02 0.01 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.03 1.00 0.03 0.00 0.01 0.04 0.06 0.00 0.01 0.52 0.28 0.01 0.00 0.00

0.59 0.90 0.19 2.60 2.07 0.22 0.08 0.07 0.09 0.21 0.53 0.63 0.03 0.04 1.81 0.14 0.34 0.26 1.82 0.04 0.04 0.25 0.49 40.11 53.30 0.56 0.72 0.20 0.13 0.07 0.17 0.13 0.09 1.45 1.48 0.05 0.04 0.31 0.42 0.21 0.14 10.68 0.19 0.20 0.27 0.15 0.12 0.15 1.52 0.10 0.02 0.06 0.08 0.10 0.08 0.12 0.70 0.25 0.24 0.31 0.05 0.07 0.42 128.00 0.18 0.06 0.16 0.40 0.28 0.08 0.13 3.86 2.98 0.05 0.21 0.15

0.10 0.05 0.05 1.12 0.84 0.03 0.01 0.02 0.03 0.03 0.06 0.09 0.00 0.01 0.35 0.03 0.09 0.06 0.25 0.01 0.00 0.05 0.03 10.61 14.22 0.05 0.06 0.01 0.02 0.02 0.07 0.04 0.01 0.10 0.47 0.00 0.01 0.01 0.04 0.07 0.02 0.80 0.09 0.08 0.11 0.04 0.03 0.00 0.45 0.02 0.00 0.01 0.03 0.02 0.00 0.02 0.06 0.01 0.04 0.05 0.00 0.01 0.12 43.41 0.01 0.01 0.02 0.16 0.09 0.01 0.01 1.25 0.86 0.02 0.02 0.01

P-Q 265 143 3 28 11 205 234 4 53 1288 43 16 1 1013 417 2580 59 13 49 808 0 3198 734 12339 2481 197 1170 243 307 2097 205 499 383 190 1110 35 2632 18 539 42 414 18613 327 25 214 154 6 0 274 622 775 35 894 114 92 53 1 52 50 542 21 2293 147 5 252 300 167 713 836 30 1463 558 13849 579 467 65

0.32 0.43 0.16 2.50 1.80 0.22 0.04 0.06 0.07 0.08 0.37 0.40 0.02 0.04 1.00 0.12 0.20 0.13 0.74 0.02 0.00 0.17 0.13 30.43 39.77 0.35 0.46 0.08 0.10 0.03 0.13 0.08 0.07 0.31 1.07 0.03 0.04 0.16 0.20 0.15 0.13 1.66 0.13 0.12 0.17 0.14 0.12 0.00 1.14 0.06 0.01 0.04 0.05 0.10 0.07 0.08 0.49 0.22 0.21 0.29 0.03 0.05 0.37 100.30 0.18 0.04 0.09 0.30 0.23 0.04 0.06 3.25 2.49 0.04 0.14 0.09

Exc Volume

PolyMet Mng* X PolyMet Mng T Portage Res* O Portex Mnrls* O Portofino Res V Portofino Res* O Potash Ridge* O Potash Ridge T Power Group V Power Metals* O Power Metals V PPX Mining V PPX Mining* O Precipitate Gl V Precipitate Gl* O Premier Gold M T Premium Expl* O Pretium Res* N Pretium Res T 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 Prosper Gold V Prospero Silvr 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 Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V QMX Gold* O QMX Gold V Quadro Res* O Quadro Res V Quantum Cobalt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quest Rare Mnl* O Questex Gold V

Week Last

12-month

High

Low

Change

3567 43 613 0 591 122 29 1306 175 704 265 746 24 504 812 1976 1 5628 2090 31 494 665 39 164 287 654 4 491 4 2 80 44 22 1 42 558 83 1149 73 3993 40 549 70 2096 429 1419 2527 1494 1 206 1045 403 1154 378 17 521 226 146 3393 119 440 72 23 2 569 1998 281 58

4.20 5.37 0.00 0.00 0.13 0.11 0.02 0.03 0.07 0.22 0.28 0.05 0.03 0.25 0.19 2.63 0.00 11.61 15.17 1.21 1.58 0.06 0.32 0.09 1.26 1.64 0.04 0.06 0.34 7.30 0.15 0.70 0.25 0.14 0.14 0.13 0.10 0.77 0.58 0.03 0.17 0.24 0.02 0.10 1.12 1.75 2.28 0.05 0.39 0.40 0.18 0.19 0.25 0.14 0.11 0.19 0.24 0.13 0.18 0.11 0.14 0.04 0.15 0.11 0.08 0.06 0.01 0.57

3.43 3.74 + 4.51 4.91 + 0.00 0.00 0.00 0.00 unch 0.12 0.12 0.09 0.10 + 0.02 0.02 + 0.02 0.02 0.00 0.07 0.20 0.20 + 0.26 0.26 0.04 0.05 unch 0.03 0.03 unch 0.22 0.23 0.17 0.18 2.45 2.56 unch 0.00 0.00 unch 10.65 11.11 13.93 14.34 1.01 1.21 + 1.32 1.54 + 0.04 0.06 + 0.30 0.31 0.09 0.09 unch 1.10 1.21 + 1.46 1.56 0.04 0.04 unch 0.05 0.06 unch 0.34 0.34 0.00 6.92 0.12 0.12 0.66 0.67 unch 0.00 0.25 unch 0.14 0.14 unch 0.12 0.13 0.10 0.11 0.08 0.10 + 0.68 0.73 + 0.53 0.58 + 0.02 0.03 + 0.15 0.16 0.19 0.19 0.02 0.02 unch 0.09 0.09 0.65 0.98 + 1.62 1.71 2.12 2.23 0.04 0.05 unch 0.37 0.37 0.36 0.40 + 0.16 0.17 0.17 0.17 0.21 0.23 + 0.12 0.12 0.09 0.09 0.15 0.19 + 0.20 0.23 + 0.12 0.13 0.16 0.17 unch 0.08 0.09 0.12 0.12 0.00 0.03 0.15 0.15 0.00 0.11 0.06 0.07 0.04 0.05 0.01 0.01 0.48 0.55 +

Stock

0.33 0.46 0.00 0.00 0.02 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.03 0.00 0.00 0.00 0.56 0.95 0.01 0.13 0.01 0.03 0.00 0.03 0.01 0.00 0.00 0.01 0.58 0.04 0.00 0.00 0.00 0.01 0.02 0.01 0.02 0.00 0.00 0.01 0.05 0.00 0.47 0.26 0.00 0.02 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.00 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.01 0.00 0.06

9.70 13.00 0.00 0.00 0.26 0.25 0.05 0.07 0.10 0.40 0.54 0.10 0.06 0.41 0.30 3.10 0.00 14.55 19.13 1.67 2.17 0.06 0.88 0.15 1.53 1.95 0.08 0.11 0.60 9.78 0.20 0.85 0.49 0.32 0.17 0.17 0.17 1.50 0.68 0.14 0.19 0.27 0.30 1.44 1.41 2.12 2.79 0.08 0.39 0.65 0.21 0.29 0.39 0.50 0.30 0.20 0.27 0.27 0.38 0.25 0.33 0.06 0.24 0.18 0.15 0.11 0.04 0.90

1.50 2.45 0.00 0.00 0.02 0.02 0.01 0.02 0.03 0.03 0.04 0.04 0.02 0.05 0.04 0.85 0.00 4.05 6.25 0.14 0.25 0.01 0.20 0.05 0.37 0.54 0.01 0.02 0.12 1.80 0.02 0.25 0.10 0.11 0.08 0.06 0.02 0.61 0.51 0.01 0.03 0.04 0.01 0.11 0.18 0.27 0.38 0.03 0.09 0.14 0.03 0.10 0.14 0.04 0.09 0.03 0.06 0.04 0.04 0.08 0.04 0.01 0.05 0.10 0.02 0.02 0.00 0.25

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

0.00 0.01 0.02 0.00 0.01 3.32 0.01 0.00 0.04 0.01 0.00 0.00 0.01 0.09 0.28 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.00 0.01 0.08 0.05 0.12 0.00 0.03 0.00 0.01 0.00 0.00 0.00 0.00 3.45 2.52 0.00 0.03 0.04 0.04 0.02 0.00 0.02 0.01 0.02 0.05 0.00 0.02 0.07 0.10 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.04 0.00 0.11 0.00 0.01 0.22 0.02 0.02 0.01 0.00 0.01 0.02 0.02 0.02 0.02 0.00 0.02 0.06 0.00 0.00 0.04 0.00 0.01 0.01 0.00 0.00 0.02 0.00 0.00 0.41 0.38 0.01 0.01

0.20 0.28 0.40 0.38 0.35 14.50 0.18 0.12 1.25 0.12 0.03 0.18 0.07 4.38 1.74 0.35 1.00 0.09 0.16 0.00 0.13 0.17 0.29 1.13 1.45 1.74 1.35 0.98 0.08 0.74 0.27 0.30 0.45 0.00 0.10 0.08 66.30 67.91 73.85 1.03 0.78 0.83 1.10 0.54 0.40 0.24 0.32 0.56 0.07 0.10 0.83 1.14 0.10 0.14 0.05 0.19 0.25 0.23 0.08 0.19 1.00 0.31 0.07 0.10 1.00 0.50 0.60 0.08 0.06 0.50 0.55 0.36 0.15 0.13 1.92 1.48 0.43 147.64 0.00 0.48 1.24 0.29 0.20 0.13 0.22 0.19 0.07 0.08 6.20 8.70 0.08 0.06

0.00 0.08 0.09 0.11 0.07 0.22 0.04 0.00 0.33 0.05 0.00 0.04 0.02 1.80 0.47 0.07 0.01 0.03 0.05 0.00 0.04 0.05 0.05 0.24 0.33 0.50 0.44 0.04 0.03 0.35 0.05 0.07 0.11 0.00 0.01 0.02 34.85 35.35 41.50 0.14 0.11 0.31 0.30 0.10 0.06 0.07 0.09 0.11 0.02 0.03 0.35 0.37 0.03 0.04 0.02 0.04 0.06 0.07 0.01 0.02 0.00 0.02 0.03 0.02 0.11 0.14 0.04 0.03 0.01 0.07 0.10 0.08 0.00 0.03 0.56 0.05 0.16 59.78 0.00 0.13 0.03 0.02 0.01 0.01 0.04 0.05 0.01 0.01 0.53 0.43 0.03 0.02

1.90 2.42 0.20 + 0.14 + 0.00 unch 1.08 0.04 + 0.02 0.25 + 0.33 + 0.39 unch 0.12 unch 0.10 + 0.00 0.19 0.24 -

0.06 0.20 0.04 0.01 0.00 0.06 0.01 0.01 0.01 0.02 0.00 0.00 0.01 0.00 0.01 0.02

2.42 3.06 0.24 0.19 0.00 1.57 0.04 0.04 0.31 0.36 0.57 0.29 0.22 0.02 0.32 0.40

0.51 0.71 0.04 0.03 0.00 0.45 0.02 0.00 0.08 0.12 0.18 0.11 0.08 0.00 0.00 0.08

Sandfire Res Sandfire Res* Sandspring Res* Sandstorm Gold Sandstorm Gold* Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scottie Res* Scottie Res ScoZinc Mg Seabridge Gld Seabridge Gld* Seafield Res* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Sego Res Select Sands Sentinel Res Sentinel Res* Serabi Gold Serabi Gold* Serengeti Res Sherritt Intl Shine Minerals Shine Minerals* Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Madre Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Grail Silver Mtn Mns* Silver Mtn Mns Silver One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Scott* Silver Spruce* Silver Spruce Silver Viper Silver Viper* Silver Wolf Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverstar Res* 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 Sokoman Min* Sokoman Min Solaris Res Solaris Res* Soldera Mining SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold South Atlantic* South Atlantic South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* Southstone Min* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* Spearmint Res* Spearmint Res Spey Resources Sphinx Res Spruce Ridge R SRG Mining SRHI Inc* SRHI Inc SSR Mining SSR Mining* St Augustine St-Georges Eco St-Georges Eco* St. James Gold Stakeholdr Gld Standard Graph* Standard Lith Standard Metal* Standard Uran Stans Energy* Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak Exp* Starr Peak Exp Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl Strategic Metl* Strategic Res Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Stuve Gold Sulliden Mng

R Rackla Metals* Rackla Metals Radisson Mng Radius Gold Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Red Eagle Mng* Red Moon Res Red Pine Expl Regis Res NL* Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revelo Res Revival Gold * Revival Gold Reyna Silver Reyna Silver* Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold Rimrock 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 Rockridge Res Rockshield Cap* Rockwealth Res Rockwealth Res* Rodinia Lithm Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals* Rover Metals Roxgold Roxgold* Royal 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 V C O V O O V O V V O V V O C V O O V V O V V O V V V O V V O V O O N O V O O C V O O V V O V O V O C C O V V O V O V O V O O V V O O V V O V T O O D O V O V O O T V O V V O V O

3 4 1315 193 279 435 35 50 638 111 3436 110 1343 6 1038 58 324 2040 28 66 224 896 128 449 343 991 401 468 289 156 25 323 20 21776 646 122 7 11212 0 554 866 34 24 161 496 23 229 1007 5 112 18 156 74 748 207 37 272 1596 57 130 0 4757 7 54 6735 83 368 1556 157 1028 3877 32 1393 5820 2975 306 9 2277 205 1201 0 982 13 1 173 222 31 26 475 21 684 4

0.12 0.17 0.34 0.28 0.18 14.50 0.09 0.01 0.66 0.06 0.00 0.09 0.04 2.87 1.18 0.20 0.06 0.07 0.08 0.00 0.08 0.10 0.18 0.73 0.94 0.99 0.97 0.86 0.05 0.38 0.05 0.09 0.45 0.00 0.08 0.06 66.26 67.91 0.00 0.86 0.69 0.70 0.99 0.29 0.23 0.15 0.19 0.45 0.07 0.09 0.77 1.05 0.07 0.08 0.05 0.11 0.15 0.12 0.06 0.10 0.00 0.31 0.07 0.09 0.62 0.23 0.30 0.05 0.04 0.34 0.43 0.17 0.10 0.13 1.66 1.27 0.37 111.06 0.00 0.31 0.00 0.18 0.13 0.13 0.22 0.10 0.02 0.03 5.69 4.36 0.06 0.04

Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res Sable Res* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* Sanatana Res* Sanatana Res

O T V O O V V O O V O V O O O V

1222 3572 2374 201 7 108 1283 573 2 79 280 446 72 122 2 201

2.01 2.63 0.20 0.14 0.00 1.13 0.04 0.03 0.25 0.33 0.39 0.12 0.10 0.00 0.19 0.30

0.12 0.00 0.31 0.27 0.15 9.15 0.09 0.01 0.58 0.00 0.00 0.07 0.04 2.72 0.91 0.19 0.04 0.06 0.06 0.00 0.07 0.09 0.16 0.61 0.83 0.91 0.67 0.81 0.04 0.35 0.05 0.07 0.44 0.00 0.00 0.05 63.46 64.23 0.00 0.79 0.60 0.65 0.83 0.23 0.19 0.13 0.16 0.38 0.07 0.00 0.00 0.94 0.05 0.07 0.03 0.10 0.00 0.10 0.04 0.06 0.00 0.15 0.07 0.00 0.33 0.19 0.26 0.05 0.04 0.28 0.37 0.00 0.06 0.07 1.49 1.15 0.31 106.18 0.00 0.27 0.00 0.13 0.12 0.13 0.16 0.08 0.02 0.03 4.80 3.70 0.05 0.04

0.12 0.17 0.33 0.27 0.16 13.00 0.09 0.01 0.64 0.06 0.00 0.09 0.04 2.78 0.96 0.19 0.05 0.06 0.06 0.00 0.07 0.10 0.16 0.70 0.91 0.91 0.71 0.81 0.05 0.36 0.05 0.08 0.45 0.00 0.08 0.06 66.26 66.05 72.20 0.82 0.67 0.65 0.84 0.28 0.21 0.15 0.18 0.40 0.07 0.09 0.77 1.05 0.06 0.08 0.03 0.10 0.14 0.11 0.04 0.10 0.08 0.25 0.07 0.08 0.55 0.21 0.29 0.05 0.04 0.30 0.38 0.16 0.08 0.09 1.63 1.23 0.37 109.97 0.00 0.28 0.10 0.18 0.12 0.13 0.16 0.08 0.02 0.03 5.51 4.29 0.05 0.04

S 1.78 2.38 0.15 0.12 0.00 1.02 0.03 0.02 0.00 0.31 0.39 0.00 0.09 0.00 0.17 0.23

(100s)

High Low

Exc Volume

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

42 336 169 1597 8256 761 74 1620 1453 58 0 1489 368 115 84 421 277 66 65 393 880 19 416 2393 100 18 103 443 247 62 360 42 498 410 124 90 4 40 1296 5149 170 35 2 8650 1083 14 837 14 417 2347 30 1064 799 40 300 373 302 173 192 1397 4116 69 1 6 1203 965 450 2 25 11 315 129 507 10 133 708 223 118 69 4883 15000 4330 1642 638 51 3 676 887 52 353 141 2228 546 378 153 1132 841 318 125 742 106 446 1593 878 49 120 119 19 30 2911 554 63 119 257 4 125 1 3844 80 932 635 438 10 42 1265 1120 284 27 2876 16708 310 758 309 298 63 80 2488 7972 2137 2925 122 493 185 1283 2168 0 415 135 69 613 2 26 255 212 304 1 65 139 35 227 38 286 31 2 375 3056 492 6 550 298 316 197 922 2142 2719 90 8 75 53 20 17 36

Week

12-month

High

Low

Last

Change

0.23 0.19 2.39 9.74 7.45 0.29 0.36 0.00 0.73 0.57 0.00 0.12 0.12 0.04 0.17 0.21 0.15 0.13 0.17 0.26 0.32 0.60 24.25 18.60 0.00 0.36 0.52 0.06 0.06 0.05 0.02 0.07 0.04 0.02 0.49 0.37 1.47 1.15 0.34 0.36 0.12 0.09 3.42 13.71 0.05 0.06 0.08 0.14 4.09 3.08 2.60 0.06 0.09 0.10 0.14 0.55 0.72 1.57 1.21 0.34 0.45 0.20 0.22 0.33 0.69 0.53 0.11 0.21 0.20 0.14 0.21 0.21 0.24 0.11 0.05 0.06 0.41 0.33 0.16 9.32 7.13 9.14 11.82 0.27 0.05 0.13 0.15 0.22 0.17 0.07 0.06 2.54 1.95 0.26 0.11 0.16 0.18 0.14 0.07 0.08 0.10 0.14 0.19 6.09 6.70 0.50 0.50 0.65 0.70 0.54 0.07 0.05 0.21 0.28 0.11 0.14 1.80 61.28 0.19 0.23 0.54 0.42 0.04 0.05 0.41 0.31 0.07 0.06 0.06 0.07 0.11 0.03 0.11 0.54 0.25 0.32 23.85 18.32 0.07 0.10 0.07 0.35 0.44 0.06 3.03 0.03 0.13 0.01 0.14 0.18 0.06 0.22 0.30 1.53 1.99 0.05 0.04 0.06 0.07 2.20 1.65 0.40 0.27 0.00 0.13 0.00 0.18 0.24 0.32 0.00 0.44 0.33 0.33 0.20 0.15 0.09 0.06 0.71 0.47 0.38 0.41 0.07

0.22 0.14 2.18 9.09 6.95 0.27 0.33 0.00 0.60 0.49 0.00 0.10 0.11 0.00 0.14 0.18 0.14 0.10 0.16 0.23 0.30 0.57 23.16 17.71 0.00 0.30 0.42 0.05 0.04 0.05 0.01 0.06 0.03 0.02 0.41 0.31 1.35 1.09 0.29 0.31 0.00 0.08 0.00 12.45 0.04 0.05 0.07 0.00 3.63 2.77 2.40 0.05 0.06 0.09 0.12 0.46 0.61 1.35 1.05 0.31 0.40 0.19 0.22 0.00 0.59 0.45 0.11 0.17 0.20 0.00 0.17 0.15 0.22 0.08 0.03 0.05 0.37 0.29 0.13 7.46 5.70 8.26 10.77 0.09 0.04 0.11 0.14 0.16 0.11 0.07 0.05 2.19 1.68 0.21 0.11 0.14 0.17 0.12 0.07 0.07 0.08 0.12 0.16 5.05 3.93 0.49 0.48 0.00 0.60 0.44 0.06 0.05 0.18 0.25 0.11 0.11 1.65 57.47 0.19 0.19 0.47 0.36 0.04 0.04 0.37 0.28 0.06 0.05 0.04 0.06 0.08 0.00 0.10 0.46 0.19 0.00 22.30 17.14 0.05 0.07 0.06 0.20 0.32 0.05 2.64 0.03 0.13 0.00 0.12 0.16 0.06 0.00 0.25 1.47 1.90 0.05 0.00 0.00 0.07 1.97 0.00 0.26 0.21 0.00 0.10 0.00 0.15 0.23 0.25 0.00 0.40 0.30 0.00 0.17 0.13 0.08 0.06 0.66 0.45 0.37 0.36 0.00

+ 0.23 + 0.19 2.28 9.46 7.37 + 0.29 0.35 + 0.00 0.70 unch 0.49 0.10 unch 0.12 0.12 0.04 unch 0.15 0.19 0.14 0.10 0.16 0.25 0.31 0.57 unch 23.96 + 18.48 0.00 unch 0.35 + 0.52 + 0.06 + 0.05 + 0.05 + 0.02 + 0.07 + 0.04 0.02 0.43 0.35 + 1.47 1.10 + 0.33 + 0.36 0.11 + 0.08 3.09 13.71 + 0.04 + 0.06 0.07 0.13 + 3.85 + 2.95 + 2.60 + 0.06 + 0.07 + 0.10 0.13 unch + 0.55 + 0.72 1.42 1.14 unch 0.32 0.41 0.20 0.22 unch 0.29 0.65 + 0.51 0.11 unch 0.21 + 0.20 + 0.14 + 0.19 + 0.20 0.23 0.11 0.05 0.06 unch 0.39 0.30 + 0.16 7.82 5.97 8.71 11.18 0.22 unch + 0.04 0.11 0.14 unch 0.17 0.13 + 0.07 + 0.06 + 2.52 + 1.95 0.23 0.11 0.15 unch + 0.18 + 0.14 0.07 0.07 0.08 unch 0.13 0.17 + 5.80 + 4.47 + 0.50 + 0.48 + 0.65 + 0.62 + 0.48 0.06 0.05 + 0.20 0.26 unch 0.11 unch + 0.14 + 1.80 + 60.85 0.19 unch 0.20 0.51 unch + 0.40 0.04 unch + 0.05 0.38 0.30 unch 0.06 0.05 + 0.05 + 0.06 0.09 0.02 0.10 + 0.54 + 0.25 0.30 22.99 17.65 0.06 0.10 0.07 + 0.27 0.33 0.06 2.66 0.03 unch + 0.13 + 0.01 0.13 0.17 unch 0.06 unch 0.21 0.26 1.50 unch + 1.92 0.05 unch + 0.04 0.05 0.07 2.04 1.65 + 0.40 0.25 0.28 unch 0.12 + 0.00 0.17 0.24 0.28 0.00 unch + 0.42 0.31 0.32 0.18 0.14 0.08 unch 0.06 unch 0.68 + 0.47 0.38 unch + 0.41 + 0.07

0.02 0.01 0.12 0.31 0.10 0.01 0.03 0.00 0.00 0.08 0.00 0.01 0.01 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.03 0.00 0.12 0.06 0.00 0.00 0.07 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.06 0.02 0.05 0.05 0.02 0.04 0.01 0.00 0.31 0.24 0.00 0.00 0.01 0.01 0.13 0.13 0.06 0.02 0.01 0.01 0.00 0.07 0.09 0.08 0.00 0.01 0.02 0.01 0.00 0.04 0.01 0.01 0.00 0.05 0.01 0.00 0.02 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.01 1.57 1.20 0.33 0.64 0.00 0.00 0.02 0.00 0.04 0.03 0.01 0.00 0.07 0.08 0.02 0.01 0.00 0.01 0.01 0.00 0.02 0.00 0.01 0.02 0.40 0.42 0.01 0.00 0.02 0.03 0.03 0.01 0.01 0.00 0.00 0.00 0.01 0.15 4.02 0.00 0.05 0.00 0.02 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.04 0.02 0.01 1.15 0.82 0.01 0.04 0.03 0.12 0.17 0.00 0.22 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.03 0.00 0.02 0.00 0.00 0.01 0.01 0.16 0.01 0.08 0.00 0.00 0.03 0.00 0.01 0.02 0.04 0.00 0.01 0.01 0.05 0.01 0.00 0.00 0.00 0.01 0.07 0.00 0.05 0.01

High Low

0.40 0.31 3.51 14.22 10.63 0.39 0.51 0.00 1.24 0.92 0.14 0.20 0.17 0.06 0.17 0.21 0.22 0.17 0.25 0.46 0.53 0.90 28.48 21.86 0.00 0.51 0.71 0.06 0.05 0.10 0.07 0.14 0.07 0.05 0.85 0.66 2.06 1.55 0.38 0.34 0.25 0.19 5.00 14.63 0.08 0.09 0.11 0.20 4.30 3.29 3.00 0.08 0.10 0.18 0.24 0.76 1.40 2.00 2.51 0.45 0.59 0.35 0.40 0.53 0.87 0.67 0.25 0.34 0.40 0.21 0.28 0.37 0.49 0.30 0.48 0.12 0.85 2.21 0.24 11.62 8.91 11.12 14.88 0.27 0.09 0.20 0.26 0.30 0.22 0.11 0.08 3.34 2.51 0.50 0.20 0.23 0.24 0.18 0.11 0.16 0.13 0.17 0.22 6.09 6.70 0.50 0.56 0.72 1.16 0.88 0.13 0.10 0.28 0.34 0.13 0.18 2.00 60.20 0.25 1.45 0.69 0.53 0.10 0.14 0.77 0.59 0.08 0.06 0.10 0.10 0.14 0.03 0.15 1.00 0.78 0.85 33.69 25.32 0.15 0.16 0.11 0.35 0.60 0.19 3.03 0.08 0.38 0.01 0.41 0.53 0.19 0.26 0.35 2.24 2.94 0.51 0.05 0.07 0.12 3.14 2.33 0.75 0.55 0.32 0.28 0.02 0.35 0.26 0.38 0.01 0.80 0.60 0.45 0.27 0.21 0.15 0.10 0.83 0.94 0.72 0.45 0.10

0.14 0.11 0.58 4.64 3.32 0.07 0.09 0.00 0.43 0.49 0.02 0.02 0.07 0.02 0.03 0.06 0.05 0.03 0.07 0.07 0.11 0.28 7.37 5.25 0.00 0.09 0.15 0.03 0.02 0.01 0.01 0.02 0.03 0.01 0.10 0.26 0.75 0.82 0.15 0.07 0.02 0.03 2.53 3.50 0.01 0.02 0.03 0.04 0.89 0.45 1.30 0.02 0.02 0.05 0.05 0.46 0.24 0.22 1.05 0.06 0.10 0.05 0.00 0.08 0.15 0.11 0.10 0.05 0.04 0.05 0.07 0.15 0.10 0.01 0.01 0.02 0.18 0.00 0.04 2.12 1.50 3.28 4.50 0.00 0.00 0.07 0.08 0.05 0.03 0.03 0.02 0.50 0.37 0.16 0.04 0.05 0.08 0.06 0.00 0.01 0.04 0.04 0.06 1.38 1.97 0.30 0.13 0.19 0.22 0.13 0.02 0.02 0.06 0.07 0.05 0.02 0.89 23.43 0.19 0.19 0.06 0.05 0.03 0.04 0.05 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.22 0.02 0.14 12.12 9.00 0.01 0.03 0.02 0.05 0.16 0.05 0.39 0.02 0.12 0.00 0.11 0.15 0.02 0.00 0.05 0.25 0.28 0.05 0.01 0.02 0.04 0.63 1.42 0.05 0.00 0.24 0.02 0.00 0.10 0.12 0.04 0.00 0.25 0.18 0.18 0.02 0.01 0.03 0.01 0.15 0.12 0.29 0.21 0.03

GLOBAL MINING NEWS

(100s) Stock

T H E NOR T H ER N MINER

Week

Exc Volume

Low

0.60 0.66 0.78 0.88 0.10 0.11 unch 0.50 0.52 0.19 0.20 0.15 0.15 20.53 22.41 + 15.71 17.25 + 0.43 0.44 0.55 0.56 0.53 0.68 + 0.40 0.40 unch 0.17 0.17 unch 0.00 0.13 unch 0.39 0.40 unch 0.27 0.27 0.00 0.07 unch 0.00 0.00 unch 0.52 0.65 +

Summa Silver* Summa Silver Sun Metals Sun Peak Metal Sun Summit Sun Summit* Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Supernova Met Supernova Met* Surge Copper Surge Copper * Surge Explor Sutter Gold* Syrah Res*

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

103 780 896 594 713 65 68736 35253 70 367 397 9 14 0 1095 32 93 51 482

0.71 0.93 0.11 0.62 0.23 0.17 23.48 18.03 0.48 0.64 0.69 0.40 0.18 0.00 0.47 0.29 0.08 0.00 0.71

Taiga Gold Taiga Gold* Tajiri Res Taku Gold* Taku Gold Talisker Res* Talisker Res Talmora Diamd Talon Metals Tamino Mnrls* Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tartisan Nick* Tartisan Nick Taseko Mines Taseko Mines* Tearlach Res Teck Res Teck Res* Teck Res Tectonic Metal Tectonic Metal* Telson Res Telson Res * Temas Res* Temas Res Tembo Gold Tembo Gold* Teranga Gold Teranga Gold* 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 Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tiger Intl Till Capital Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining

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

481 140 471 5 72 222 1869 18 3422 1451 284 5529 265 1620 331 525 90 104 491 100 489 1480 8455 13 8354 19536 37 694 224 846 7 11 471 400 6 3381 102 111 381 124 710 114 11 236 91 203 983 9 1 3 99 532 21 2 525 186 3 2 170 463 565 594 149 12 8 378

0.24 0.19 0.18 0.11 0.13 0.26 0.34 0.02 0.40 0.00 11.60 0.03 0.86 0.64 0.30 0.40 0.15 0.12 0.18 0.27 0.35 1.27 0.97 0.11 21.21 16.34 24.90 0.10 0.08 0.25 0.15 0.65 0.88 0.14 0.10 14.36 11.00 0.06 0.09 0.27 0.36 0.04 0.06 0.08 1.90 2.45 1.59 0.06 0.06 0.75 0.25 0.25 0.16 0.15 0.08 0.06 0.09 4.00 0.40 0.33 0.16 0.22 0.05 0.64 0.55 0.73

Last

High Low

Stock

0.05 0.04 0.00 0.05 0.03 0.02 2.24 1.84 0.02 0.06 0.12 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.13

2.20 3.50 0.25 1.34 0.40 0.28 45.12 34.56 1.15 1.53 0.89 0.58 0.32 0.24 0.47 0.32 0.40 0.05 0.71

0.60 0.09 0.06 0.50 0.10 0.07 14.02 9.61 0.26 0.33 0.11 0.08 0.02 0.03 0.02 0.03 0.05 0.00 0.09

0.02 0.00 0.00 0.02 0.01 0.02 0.02 0.00 0.08 0.00 1.67 0.01 0.05 0.02 0.01 0.04 0.03 0.01 0.02 0.00 0.02 0.17 0.11 0.00 1.17 0.94 2.68 0.00 0.00 0.07 0.00 0.04 0.07 0.01 0.00 0.67 0.50 0.00 0.00 0.02 0.01 0.01 0.00 0.01 0.03 0.02 0.13 0.02 0.00 0.10 0.01 0.06 0.00 0.00 0.01 0.01 0.00 1.04 0.01 0.00 0.01 0.01 0.00 0.03 0.09 0.07

0.31 0.22 0.23 0.11 0.15 0.47 0.44 0.05 0.43 0.01 15.70 0.03 1.49 1.09 0.39 1.00 0.16 0.12 0.22 0.44 0.35 1.76 1.34 0.20 23.20 17.77 23.93 0.34 0.25 0.33 0.23 0.69 0.90 0.30 0.18 16.80 12.82 0.08 0.14 0.41 0.55 0.06 0.06 0.08 3.80 4.85 2.65 0.08 0.07 0.80 0.70 0.28 0.34 0.29 0.20 0.16 0.20 4.00 0.47 0.35 0.19 0.25 0.08 1.50 0.78 1.10

0.07 0.05 0.03 0.01 0.03 0.16 0.29 0.01 0.08 0.00 2.50 0.01 0.55 0.36 0.25 0.04 0.04 0.03 0.04 0.03 0.05 0.28 0.20 0.07 8.15 5.60 9.00 0.09 0.07 0.04 0.04 0.30 0.10 0.03 0.02 3.86 2.84 0.02 0.02 0.11 0.16 0.01 0.03 0.03 0.20 0.27 0.24 0.03 0.02 0.52 0.10 0.12 0.06 0.07 0.03 0.03 0.07 1.01 0.06 0.02 0.05 0.07 0.02 0.35 0.11 0.14

Titanium Corp TMAC Resource* TMAC Resources TNR Gold Tocvan Venture TomaGold Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Transatlantic* Transatlantic Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mng* Trevali Mng Tri Origin Exp* Tri Origin Exp Trifecta Gold Trifecta Gold* Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Trio Resources* TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* True North Gem* True North Gem Tsodilo Res Tudor Gold * Tudor Gold Tundra Gold* Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res Typhoon Expl

V O T V C V O O O T V O O V O V V O T O N V O O T O V V O T X O O V O O V O V O O T V O O V V O V O V O N T V O 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 Vent Upper Canyon Ur-Energy Ur-Energy* Uragold Bay Rs Uranium Energy* Uranium Hunter*

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

Change

T 0.23 0.17 0.13 0.09 0.00 0.22 0.29 0.02 0.30 0.00 8.71 0.02 0.74 0.57 0.26 0.34 0.10 0.08 0.14 0.25 0.30 1.06 0.82 0.11 19.89 15.23 21.30 0.09 0.07 0.16 0.12 0.58 0.75 0.13 0.09 12.95 9.48 0.06 0.08 0.25 0.33 0.04 0.06 0.00 1.70 2.21 1.38 0.00 0.06 0.75 0.00 0.19 0.12 0.15 0.07 0.05 0.09 2.96 0.35 0.28 0.15 0.20 0.05 0.58 0.53 0.63

0.24 0.18 0.13 0.09 0.12 0.24 0.31 0.02 0.32 0.00 10.02 0.03 0.77 0.62 0.27 0.34 0.14 0.08 0.16 0.26 0.33 1.25 0.94 0.11 20.87 16.00 24.90 0.10 0.07 0.24 0.12 0.62 0.80 0.13 0.09 13.75 10.54 0.06 0.08 0.27 0.35 0.04 0.06 0.07 1.82 2.32 1.57 0.06 0.06 0.75 0.24 0.19 0.14 0.15 0.07 0.06 0.09 2.96 0.38 0.28 0.15 0.20 0.05 0.58 0.53 0.67

(100s)

12-month

High

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

Week

Exc Volume

Last

12-month

High

Low

Change

951 12 267 510 575 1432 9 296 226 1795 275 25 5 483 10 198 868 15 347 97 727 50 51 2235 16580 16 113 44 1 130 1000 20 40 531 136 550 1017 187 1084 382 233 1752 106 4 3 5 626 235 1055 1 351 112 4156 1664 903 67 400 508 234

0.35 0.92 1.24 0.04 0.43 0.08 2.23 0.38 14.14 18.44 0.67 0.51 0.07 0.08 0.05 0.06 0.14 0.11 1.40 1.09 6.92 0.13 0.10 0.17 0.23 0.12 0.15 0.07 0.06 2.39 1.77 0.11 0.04 0.09 0.06 0.00 0.29 0.22 0.22 0.18 0.91 1.23 0.07 0.07 0.06 0.08 0.29 2.32 3.00 3.50 0.95 0.69 10.89 14.23 0.03 0.02 0.00 0.03 0.07

0.24 0.34 + 0.90 0.92 1.17 1.20 unch 0.04 0.04 unch 0.33 0.35 0.07 0.07 1.80 2.20 + 0.29 0.35 12.71 13.77 16.93 18.00 0.00 0.64 + 0.47 0.49 + 0.07 0.07 unch 0.07 0.07 0.05 0.05 unch 0.03 0.05 0.13 0.14 unch 0.11 0.11 1.29 1.36 1.00 1.07 + 6.66 6.78 + 0.13 0.13 0.08 0.10 unch 0.14 0.17 0.18 0.21 0.10 0.11 0.12 0.13 0.07 0.07 unch 0.06 0.06 unch 2.11 2.35 + 1.61 1.76 + 0.10 0.11 + 0.00 0.04 0.07 0.08 0.06 0.06 0.00 0.00 0.26 0.26 0.19 0.21 0.19 0.19 0.15 0.15 0.82 0.88 + 1.05 1.13 0.07 0.07 0.07 0.07 0.06 0.06 0.00 0.08 0.13 0.29 + 2.05 2.22 + 2.71 2.94 + 3.50 3.50 unch 0.83 0.89 0.64 0.66 9.50 9.88 12.38 13.02 0.02 0.03 unch 0.01 0.02 0.00 0.00 unch 0.03 0.03 unch 0.06 0.07 +

431 168 22 3 2158 5366 2430 1827 126 661 228 171 1335 307 768 25 15095 89367 334 446 184 771 5891 3867 11616 6738

11.50 0.16 0.13 0.05 1.43 0.08 0.11 0.16 0.06 0.08 0.11 0.31 0.41 0.52 0.64 0.03 0.52 14.88 0.08 1.98 0.09 0.71 0.57 0.56 1.13 0.04

Stock

0.10 0.00 0.00 0.00 0.08 0.01 0.03 0.02 0.33 0.46 0.01 0.03 0.00 0.01 0.00 0.01 0.00 0.00 0.04 0.02 0.08 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.19 0.11 0.02 0.02 0.02 0.02 0.00 0.03 0.02 0.02 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.12 0.08 0.09 0.00 0.03 0.06 0.51 0.60 0.00 0.00 0.00 0.00 0.01

0.78 2.98 3.93 0.07 0.50 0.10 3.09 0.55 19.45 25.52 0.79 0.59 0.10 0.14 0.05 0.07 0.24 0.18 1.98 1.40 7.92 0.14 0.10 0.20 0.26 0.29 0.40 0.12 0.08 3.61 2.74 0.13 0.30 0.15 0.11 0.00 0.47 0.35 0.48 0.34 1.33 1.82 0.11 0.27 0.10 0.13 0.29 3.40 4.51 5.50 1.80 1.33 12.00 15.60 0.03 0.02 0.01 0.05 0.11

0.24 0.31 0.44 0.02 0.10 0.06 0.50 0.15 6.19 8.79 0.27 0.21 0.01 0.02 0.01 0.02 0.11 0.08 0.45 0.90 4.23 0.06 0.05 0.04 0.06 0.09 0.03 0.02 0.01 1.50 1.03 0.05 0.01 0.04 0.06 0.00 0.19 0.13 0.07 0.06 0.30 0.42 0.02 0.03 0.02 0.04 0.05 0.27 0.38 3.50 0.27 0.20 3.01 4.30 0.01 0.00 0.00 0.02 0.03

2.06 0.01 0.01 0.01 0.33 0.01 0.00 0.01 0.00 0.01 0.01 0.03 0.02 0.01 0.06 0.00 0.02 3.59 0.00 0.06 0.01 0.07 0.06 0.05 0.09 0.00

14.44 0.19 0.90 0.06 1.38 0.19 0.25 0.19 0.08 0.09 0.24 0.50 0.67 0.76 0.99 0.06 0.73 14.52 0.12 6.50 0.50 1.00 0.72 0.72 1.29 2.75

2.61 0.04 0.01 0.04 0.09 0.05 0.07 0.07 0.01 0.02 0.06 0.07 0.10 0.03 0.01 0.02 0.22 4.54 0.03 1.60 0.05 0.39 0.27 0.05 0.35 0.01

Uranium Res* D 27903 Uranium Roylty* O 150 Uranium Roylty V 218 Uravan Mnrls V 134 Uravan Mnrls* O 5 UrbanGold Min V 510 USCorp* O 301 Usha Res V 100 Val-d’Or Mg V 3 Val-d’Or Mg* O 100 Vale* N 262924 Valley High Mg* O 34761 ValOre Metals* O 73 ValOre Metals V 178 Valorem Res C 5214 Valterra Res* O 158 Valterra Res V 719 Vanadian Enrgy* O 36 Vanadian Enrgy V 29 Vanadium One* O 105 Vanadium One V 269 Vanadiumcorp* O 1211 Vanadiumcorp V 3156 Vangold Res* O 265 Vangold Res V 797 Vanstar Mng Rs V 507 Vanstar Mng Rs* O 348 Vantex Res V 20 Velocity Mnrls V 188 Velocity Mnrls* O 54 Vendetta Mng V 145 Vendetta Mng* O 81 Venture Mnrls* O 22 Verde Potash T 167 Verde Res* O 45 Veris Gold* O 29 Vertical Expl* O 7 Vertical Expl V 503 Victoria Gold* O 702 Victoria Gold T 1281 Victory Metals* O 162 Victory Metals V 394 Victory Nickel* O 28 Victory Nickel C 119 Victory Res C 101 Victory Res* O 1 Virginia Enrgy V 189 Virginia Enrgy* O 166 Viscount Mng V 323 Visible Gold M* O 64 Visible Gold M V 362 Vision Lithium V 1159 Vision Lithium* O 13 Visionary Gold V 275 Vista Gold* X 1381 Vista Gold T 85 Viva Gold* O 165 Viva Gold V 114 Vizsla Res V 1330 Vizsla Res * O 482 Volatus Cap C 480 Volcanic Gold* O 30 Volcanic Gold V 448 Voyageur Min* O 2 Voyageur Min* O 54 Voyageur Min C 5 Voyageur Min V 413 VR Resources* O 118 VR Resources V 514 Vulcan Mnrls V 65 Vulcan Mnrls* O 5 VVC Expl V 3405 VVC Expl* O 867

U-V 9.04 11.32 + 0.12 0.15 + 0.09 0.12 + 0.00 0.05 0.85 1.16 + 0.06 0.08 + 0.09 0.09 unch 0.13 0.15 + 0.04 0.05 + 0.06 0.06 + 0.09 0.10 0.27 0.29 0.34 0.39 0.38 0.49 + 0.54 0.61 + 0.03 0.03 + 0.36 0.39 11.18 14.55 + 0.07 0.07 unch 1.66 1.83 0.07 0.08 0.59 0.67 + 0.46 0.52 + 0.49 0.56 + 0.98 1.07 + 0.02 0.02 +

(100s)

High Low

Week

Exc Volume

Last

12-month

High

Low

Change

6.46 0.90 1.17 0.03 0.01 0.23 0.00 0.22 0.13 0.10 14.76 0.03 0.19 0.25 0.14 0.07 0.09 0.05 0.06 0.08 0.11 0.07 0.09 0.18 0.23 1.43 1.10 0.20 0.54 0.40 0.07 0.06 0.04 0.75 0.01 0.01 0.01 0.03 9.72 12.81 0.53 0.69 0.02 0.03 0.07 0.04 0.10 0.07 0.47 0.19 0.27 0.03 0.02 0.10 1.00 1.28 0.20 0.26 1.48 1.14 0.22 0.33 0.44 0.00 0.04 0.30 0.05 0.21 0.28 0.08 0.06 0.15 0.11

5.51 5.75 0.83 0.88 unch 1.09 1.15 unch 0.02 0.03 unch 0.01 0.01 unch 0.20 0.23 0.00 0.00 + 0.18 0.20 unch 0.13 0.13 unch 0.10 0.10 unch 12.88 14.73 + 0.01 0.03 + 0.17 0.18 0.22 0.22 0.12 0.14 + 0.05 0.05 0.07 0.08 unch 0.04 0.04 + 0.00 0.06 0.08 0.08 + 0.00 0.11 + 0.05 0.07 + 0.06 0.09 + 0.16 0.18 + 0.21 0.23 + 1.22 1.23 0.95 0.95 0.20 0.20 unch 0.48 0.51 unch 0.35 0.40 + 0.06 0.07 + 0.04 0.05 unch 0.03 0.03 0.65 0.73 + 0.01 0.01 unch 0.00 0.01 0.01 0.01 unch 0.03 0.03 unch 8.66 9.38 + 11.31 12.18 + 0.42 0.42 0.56 0.56 0.02 0.02 0.00 0.03 0.00 0.06 unch 0.04 0.04 unch 0.07 0.10 + 0.00 0.07 + 0.42 0.43 0.19 0.19 unch 0.21 0.22 0.03 0.03 unch 0.02 0.02 + 0.09 0.09 0.91 0.96 1.16 1.24 0.17 0.20 + 0.23 0.26 + 1.32 1.46 + 1.01 1.12 + 0.17 0.18 + 0.29 0.31 0.34 0.35 0.00 0.25 unch 0.04 0.04 unch 0.25 0.30 + 0.04 0.04 unch 0.19 0.20 0.23 0.26 0.07 0.07 0.04 0.04 0.07 0.14 + 0.05 0.09 +

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

545 512 0 83 1076 1360 6058 202 49 1052 12 439

1.09 0.89 0.00 0.07 0.10 0.64 0.84 0.35 0.08 0.10 0.04 0.08

0.83 0.61 0.00 0.07 0.09 0.58 0.74 0.25 0.07 0.09 0.00 0.07

0.83 0.65 0.09 unch 0.07 unch 0.09 unch 0.59 0.78 0.30 0.08 0.09 0.04 + 0.08 -

(100s)

High Low

Stock

0.78 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 2.05 0.02 0.01 0.03 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.02 0.02 0.00 0.01 0.17 0.10 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.25 0.25 0.03 0.06 0.00 0.01 0.00 0.00 0.01 0.01 0.04 0.00 0.04 0.00 0.00 0.02 0.03 0.04 0.02 0.01 0.05 0.03 0.01 0.02 0.09 0.00 0.00 0.05 0.00 0.01 0.02 0.01 0.02 0.07 0.03

14.50 0.99 1.32 0.03 0.03 0.45 0.00 0.27 0.20 0.15 14.33 0.03 0.31 0.41 0.53 0.14 0.15 0.06 0.08 0.09 0.12 0.07 0.09 0.45 0.34 1.75 2.32 0.31 0.54 0.41 0.11 0.09 0.04 0.80 0.01 2.00 0.04 0.07 16.09 21.04 0.53 0.69 0.06 0.08 0.25 0.10 0.15 0.11 0.49 0.19 0.31 0.10 0.08 0.12 1.45 1.90 0.36 0.48 2.93 2.14 0.44 0.68 0.93 0.38 0.10 0.52 0.12 0.35 0.50 0.10 0.07 0.10 0.08

0.25 0.56 0.80 0.01 0.00 0.05 0.00 0.10 0.04 0.04 6.49 0.00 0.09 0.14 0.06 0.03 0.03 0.00 0.01 0.03 0.04 0.02 0.03 0.03 0.03 0.28 0.24 0.12 0.20 0.15 0.03 0.01 0.00 0.21 0.00 0.00 0.01 0.02 2.88 4.02 0.11 0.17 0.01 0.01 0.06 0.02 0.04 0.03 0.20 0.02 0.04 0.01 0.01 0.01 0.36 0.51 0.09 0.14 0.24 0.16 0.08 0.03 0.05 0.13 0.03 0.13 0.04 0.10 0.16 0.03 0.03 0.02 0.01

0.17 0.11 0.00 0.00 0.00 0.04 0.04 0.05 0.00 0.01 0.01 0.00

1.17 0.90 0.20 0.14 0.19 1.01 1.35 0.70 0.11 0.15 0.07 0.29

0.09 0.17 0.02 0.05 0.06 0.25 0.33 0.02 0.03 0.03 0.02 0.05

Wealth Mnrls Wescan Gldflds Wescan Gldflds* Wesdome Gold Wesdome Gold* West High Yld West Mining West Red Lake* West Red Lake West Vault Western Areas* Western Atlas Western Atlas* Western Copper Western Copper* Western Gold Western Mag* Western Mag Western Potash Western Res* Western Troy C* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Vent* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* WestMountain* Wheaton Prec M Wheaton Prec M* 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 Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xander Res Xander Res* Xemplar Egy* 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 ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res * ZincX Res ZincX Res* Zonte Metals Zonte Metals*

W-Z Walcott Res Walcott Res* Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls*

/ D EC EMBER 7 – 2 0 , 2 0 2 0

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

274 10 0 3178 469 156 12 304 1200 49 414 432 0 759 2325 33 258 225 202 2 3 31 392 1014 50 414 104 1 89 103 0 0 6330 14571 84 177 387 75 234 106 5 26 12 27 43 3 888 2322 639 132 347 870 15 1018 60 461 716 25 7 84 892 69 340 434 290 70 12581 74079 40 79 1374 438 1657 84 460 228 73 109 2780 106 34 2

Week

23 12-month

High

Low

Last

Change

0.10 0.06 0.00 10.78 8.30 0.23 0.29 0.08 0.11 1.85 1.72 0.10 0.00 1.61 1.24 0.48 0.09 0.12 0.18 0.12 0.16 0.22 0.72 0.54 1.87 0.90 0.69 0.20 0.27 0.20 0.00 3.00 53.84 41.21 0.10 0.63 0.82 0.00 0.07 0.01 1.14 1.50 0.14 0.18 0.10 0.06 0.17 0.14 0.63 0.16 0.21 0.89 0.04 0.14 0.10 0.05 0.19 0.12 0.01 0.08 0.37 0.27 0.10 0.12 1.26 0.98 6.88 5.27 0.00 0.04 0.05 1.49 1.94 0.13 0.15 0.11 0.18 0.01 0.14 0.09 0.23 0.19

0.09 0.10 unch 0.00 0.06 unch 0.00 0.04 unch 9.79 10.70 + 7.49 8.25 + 0.19 0.19 0.26 0.26 + 0.07 0.07 0.09 0.09 1.72 1.72 1.58 1.72 + 0.08 0.09 0.00 0.08 unch 1.42 1.58 + 1.10 1.24 + 0.45 0.46 0.08 0.09 0.11 0.12 + 0.16 0.18 + 0.12 0.12 unch 0.16 0.16 unch 0.00 0.20 unch 0.53 0.64 unch 0.39 0.52 + 1.76 1.87 unch 0.78 0.83 unch 0.60 0.64 0.00 0.19 0.25 0.25 0.20 0.20 unch 0.00 0.14 unch 0.00 3.00 unch 49.49 51.01 38.11 39.01 0.09 0.09 unch 0.57 0.58 0.75 0.76 0.00 0.04 unch 0.06 0.07 + 0.01 0.01 0.00 1.13 + 0.00 1.50 + 0.00 0.14 unch 0.15 0.15 0.00 0.10 + 0.06 0.06 unch 0.14 0.17 + 0.11 0.12 + 0.50 0.53 0.15 0.16 + 0.18 0.19 + 0.83 0.85 0.04 0.04 unch 0.13 0.14 + 0.10 0.10 unch 0.00 0.04 0.15 0.17 0.12 0.12 + 0.01 0.01 unch 0.06 0.06 0.30 0.31 0.23 0.23 0.08 0.08 0.10 0.11 1.15 1.22 0.89 0.89 6.40 6.66 4.89 5.11 0.00 0.74 unch 0.04 0.04 + 0.05 0.05 + 1.30 1.38 + 1.67 1.78 + 0.10 0.10 0.13 0.14 0.10 0.10 0.16 0.16 0.00 0.01 + 0.10 0.13 + 0.08 0.09 + 0.20 0.22 0.19 0.19 unch

0.00 0.00 0.00 0.53 0.47 0.04 0.01 0.01 0.02 0.18 0.13 0.01 0.00 0.13 0.13 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.02 0.02 0.00 0.00 0.00 3.01 2.29 0.00 0.03 0.03 0.00 0.01 0.00 0.23 0.80 0.00 0.03 0.01 0.00 0.01 0.00 0.12 0.01 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.02 0.05 0.05 0.02 0.02 0.07 0.08 0.28 0.21 0.00 0.00 0.01 0.09 0.10 0.03 0.01 0.01 0.02 0.00 0.03 0.01 0.01 0.00

High Low 0.38 0.12 0.09 15.00 11.37 0.30 0.30 0.17 0.21 1.99 2.02 0.19 0.14 1.95 1.53 0.60 0.13 0.18 0.31 0.23 0.16 0.33 1.10 0.84 1.98 1.25 0.93 0.22 0.30 0.20 0.14 7.00 76.69 57.89 0.11 2.00 1.34 0.05 0.07 0.04 1.87 0.70 0.20 0.26 0.20 0.11 0.20 0.17 2.25 0.25 0.32 1.28 0.07 0.25 0.18 0.10 0.45 0.20 0.01 0.38 0.80 0.60 0.11 0.23 1.54 1.15 9.29 7.02 0.95 0.06 0.08 1.70 2.23 0.15 1.15 0.88 0.28 0.10 0.16 0.11 0.37 0.28

0.07 0.03 0.02 5.85 4.10 0.07 0.22 0.02 0.04 0.45 1.15 0.04 0.04 0.44 0.31 0.01 0.07 0.09 0.13 0.11 0.10 0.06 0.25 0.15 1.00 0.35 0.25 0.10 0.08 0.04 0.05 1.75 26.99 18.66 0.03 0.29 0.41 0.00 0.02 0.01 0.63 0.57 0.04 0.01 0.05 0.03 0.01 0.00 0.05 0.05 0.07 0.43 0.02 0.03 0.03 0.01 0.04 0.11 0.00 0.04 0.26 0.20 0.08 0.03 0.43 0.30 3.11 2.23 0.64 0.02 0.02 0.17 0.26 0.04 0.13 0.10 0.08 0.00 0.06 0.04 0.16 0.12

BID-ASK — NOVEMBER 23–27, 2020 12-MONTH STOCK

African Metals Aftermath Silv Aiml Res Alacer Gold Allante Res Amseco Expl AMV Capital Anglo-Bomarc Antler Hill Apex Res Arcturus Vent Asbestos Corp Atlanta Gold Atlantic Indus Aurelius Min Aurex Energy Aurora Royal Austin Res Avarone Metals Aya Gold Banro Corp* Barker Min Barolo Venture Baroyeca Gold BE Res BHK Mining Blackheath Res Boss Power Brunswick Res Bullion Gold BWR Explor Cairo Res Camrova Res Canada Coal Canadian Prem Canterra Mnls Cardero Res Cassius Vents Centurion Mnls Cerro de Pasc Cerro Mng Champion Bear Cleghorn Mnls Cliffs Nat Res* Clydesdale Res Comet Inds Cresval Cap CROPS Crystal Peak CWN M’g Acq Cyntar Venture Cyprium Mng Damara Gold Discovery-Corp Duro Metals EastCoal Inc Edgemont Gold Electra Stone ESV Res Everton Res Excalibur Res Fabled Copper Finore Mng Fire River Gol First Idaho Fort St J Nick

EXC

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

BID

0.06 0.24 0.13 9.41 0.01 0.04 0.17 0.08 0.05 0.07 0.03 0.40 0.03 0.02 0.13 0.04 0.04 0.08 ... 1.94 0.11 0.01 0.18 0.21 0.20 0.02 0.19 0.17 ... 0.06 0.03 0.35 0.01 0.05 0.16 0.15 0.04 0.08 0.08 ... 0.39 0.15 0.09 1.45 0.05 2.05 0.02 0.01 0.01 0.05 0.10 0.03 0.06 0.08 0.18 0.08 0.12 0.01 0.45 0.10 0.09 0.17 0.12 0.03 0.10 0.13

ASK

0.09 0.25 0.29 9.52 ... 0.08 0.20 0.08 0.05 0.11 0.03 0.85 0.04 0.03 0.14 0.06 0.05 0.12 ... 2.19 0.11 0.01 0.18 0.25 0.20 0.02 0.22 0.20 0.05 0.15 0.04 0.87 0.01 0.06 0.22 0.15 0.05 0.14 0.08 ... 0.61 0.16 0.09 3.20 0.07 3.10 0.02 0.01 0.02 0.05 0.75 0.03 0.06 0.10 0.38 0.19 0.15 0.02 0.56 0.10 0.10 0.17 0.12 0.07 0.98 0.23

LAST

0.06 0.25 0.29 9.47 0.16 0.04 0.15 0.15 0.06 0.10 0.03 0.80 0.03 0.03 0.14 0.05 0.04 0.08 0.04 2.01 0.11 0.01 0.27 0.21 0.20 0.02 0.19 0.17 0.03 0.10 0.03 0.21 0.07 0.06 0.25 0.15 0.05 0.08 0.07 0.29 0.60 0.14 0.09 1.43 0.05 3.20 0.03 0.02 0.01 0.04 0.19 0.03 0.07 0.08 0.18 0.09 0.11 0.01 0.56 0.03 0.10 0.07 0.11 0.09 0.12 0.17

HIGH

LOW

0.33 0.31 10.82

0.05 0.10 3.50

0.08 0.20

0.02 0.07

0.07 0.38 0.29 0.99 0.04 0.03 0.15 0.15 0.08 0.13 0.15 2.50 2.10

0.04 0.04 0.02 0.30 0.03 0.01 0.03 0.03 0.02 0.04 0.03 0.82 0.10

0.33 0.25 0.25

0.18 0.03 0.09

0.24

0.05

0.47 0.06 0.35

0.09 0.02 0.20

0.07 0.74 0.30 0.07 0.10 0.08 0.34 0.60 0.27 0.12 7.17 0.05 3.50 0.08 0.04 0.10 0.21 0.21

0.01 0.10 0.05 0.02 0.04 0.04 0.12 0.07 0.09 0.03 0.98 0.01 3.00 0.02 0.01 0.01 0.03 0.11

0.09 0.14 0.27 0.09 0.15

0.02 0.07 0.11 0.06 0.10

0.56

0.40

0.11 0.16

0.01 0.03

0.30

0.09

12-MONTH STOCK

Freedom Egy Full Metal Mnl Fusion Gold GAR Limited General Moly General Moly* Gentor Res GK Resources Global Cop Grp GobiMin Goldbank Mng Goldblock Cap Golden Indepen GoldHaven Res Goldhills Hldg Graphite Egy Great Lakes Gr Great Quest Fe Green Arrow GrowMax Res HFX Holding Highbury Proj Highvista Gold IEMR Res IM Exploration Indico Res Inspiration Mg Interconnect Intl Battery Intl Bethl Mng Iron South Mng Jasper Mining K9 Gold Karora Res Kermode Res Knick Expl Kodiak Copper Latin Metals Leo Res Lida Resources Lovitt Res Madeira Mrnls MAG Silver* Major Precious Margaret Lake Mariner Res Martina Mnls Mega Copper Melior Res Micrex Dev MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Minsud Res Mongoose Mg Montana Gold Napier Vent Navis Res Corp Nebu Res New Klondike Newmac Res Northway Res NRG Metals Nrthn Lion Odyssey Res

EXC

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

BID

0.02 0.14 0.01 ... 0.04 ... 0.05 0.11 0.07 0.23 0.12 0.19 ... ... 0.08 ... 0.05 ... 0.02 0.01 0.02 0.23 ... 0.02 0.11 ... ... 0.08 ... 0.03 0.24 0.06 0.17 0.47 0.01 0.01 0.05 0.03 ... ... 0.15 ... 12.52 ... 0.03 ... 0.06 0.12 0.05 0.02 ... 0.10 ... 0.15 0.06 0.07 0.09 0.06 ... 0.04 0.01 0.08 0.17 0.31 0.37 0.04

ASK

LAST

0.02 0.14 ... ... 0.04 ... 0.07 0.12 0.08 0.29 0.16 0.25 ... ... 0.14 ... 0.05 0.10 0.03 0.01 ... ... ... 0.03 0.12 0.01 ... 0.35 ... 0.04 0.27 0.10 0.24 0.48 0.02 0.01 0.06 0.04 ... ... 0.21 ... 13.30 ... 0.04 ... 0.13 0.20 0.05 0.02 ... 0.13 ... 0.20 0.08 0.20 0.10 ... ... 0.04 0.01 0.09 0.45 0.34 0.56 0.05

0.01 0.10 0.17 0.15 0.04 0.11 0.03 0.11 0.08 0.21 0.12 0.18 0.38 0.42 0.11 0.47 0.04 0.10 0.02 0.09 0.01 0.23 0.17 0.03 0.11 0.01 0.03 0.11 0.31 0.03 0.24 0.05 0.24 0.48 0.01 0.01 0.05 0.03 1.09 0.24 0.21 0.03 12.52 0.42 0.03 0.59 0.05 0.12 0.08 0.01 0.05 0.10 0.12 0.15 0.06 0.05 0.10 0.07 0.30 0.04 0.01 0.09 0.14 0.31 0.37 0.05

HIGH

LOW

4.13 0.54 100.00 0.06 0.17 0.11 0.35 0.18 0.18 0.40 0.45 0.18 0.47

0.13 0.03 0.10 0.03 0.11 0.04 0.20 0.09 0.12 0.05 0.06 0.06 0.42

0.04

0.02

0.01 0.30

0.01 0.22

0.04 0.18

0.01 0.04

0.11

0.06

0.06 0.28 0.12 0.28 0.73 0.02

0.01 0.04 0.03 0.16 0.20 0.01

0.13 0.16

0.04 0.02

0.27 0.27

0.13 0.09

14.40 0.42 0.09 0.62 0.05 0.29 0.08

6.12 0.02 0.02 0.13 0.05 0.02 0.02

0.20 0.20

0.02 0.07

0.11 0.15 0.10 0.14

0.01 0.05 0.02 0.04

0.16 0.17 0.66 0.45 0.06

0.03 0.05 0.24 0.11 0.02

12-MONTH STOCK

Optimus Gold Ord Mountain Origin Gold Pac Arc Res Pac Bay Mnrls Pan Andean Min Parallel Mng Parlane Res Plata Latina Primary Energy Prime Meridian ProAm Expl Quantum Cobalt Quinto Res Rain City Rare Element* Razore Rock Res Red Oak Mining Reliant Gold Rizal Res Rockland Mnls Ross River Royal Gold Sage Gold Samco Gold Secova Mtls Sennen Potash Silver Phoenix Skarb Explor Southern Arc SouthGobi Res Southstone Min Stans Energy Stevens Gold Stria Lithium Surge Explor Tearlach Res Tiger Intl Trench Metals Tri-River Vent Trident Gold TriMetals Mng Usha Res Vale* ValOre Metals Vantex Res Vatic Vent Venerable Vent Viking Gold Westminster Rs Whitemud Res Winshear Gold Worldwide Res Yukoterre Res Zadar Ventures Zara Res Zinc One Res Zinco Mng Zincore Mtls

EXC

BID

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

0.13 0.30 0.27 0.03 0.15 ... 0.12 0.06 0.04 ... 0.07 0.07 ... 0.05 0.07 0.11 0.06 0.10 ... 0.01 0.07 ... 0.33 0.01 0.01 0.05 0.32 0.12 0.35 0.32 ... 0.01 0.01 0.27 0.03 0.39 0.11 0.10 0.55 ... 0.12 0.11 0.20 ... 0.06 0.20 0.05 0.12 0.31 0.21 0.01 0.12 0.04 ... 0.33 ... 0.01 0.05 ...

ASK

0.18 ... 0.28 0.25 0.16 0.09 0.15 0.06 0.05 ... 0.07 0.14 ... 0.05 0.08 0.16 0.10 0.20 ... 0.02 0.08 0.25 0.40 0.01 ... 0.06 1.10 0.14 0.89 0.90 0.12 0.01 0.01 0.29 0.03 0.44 0.20 0.14 0.55 ... 0.17 0.12 0.23 ... 0.07 0.21 ... 0.18 0.31 0.23 0.02 0.14 0.05 ... 0.33 ... 0.02 0.07 0.40

LAST

0.18 0.20 0.24 0.16 0.16 0.09 0.15 0.07 0.04 0.17 0.07 0.09 1.10 0.08 0.05 0.15 0.07 0.10 0.02 0.02 0.08 0.26 0.40 0.02 0.05 0.05 0.45 0.11 0.28 0.89 0.09 0.01 0.01 0.28 0.02 0.39 0.11 0.09 0.55 0.04 0.12 0.12 0.20 10.24 0.07 0.20 0.10 0.12 0.31 0.20 0.02 0.14 0.04 0.10 0.30 0.07 0.01 0.05 0.05

HIGH

LOW

0.18 0.25 0.37 0.27 0.19 0.10 0.20 0.10 0.06 0.82 0.10 0.15 3.15 0.08 0.15 0.89 0.10 0.15

0.01 0.06 0.05 0.16 0.05 0.07 0.10 0.02 0.01 0.16 0.04 0.05 0.20 0.02 0.05 0.06 0.04 0.05

0.11

0.01

0.60

0.20

0.06

0.04

0.25 1.00 0.93 0.20 0.04 0.02 0.32 0.03 0.23 0.20 0.20 0.22

0.10 0.11 0.24 0.06 0.01 0.01 0.24 0.01 0.03 0.07 0.07 0.04

0.20 0.12 0.27 11.10 0.13 0.31

0.12 0.03 0.10 6.57 0.07 0.12

0.15 0.59 0.20 0.03 0.15 0.07 0.11 0.35 0.22 0.03

0.03 0.28 0.04 0.01 0.05 0.02 0.08 0.09 0.07 0.01

D EC EMBER 7 â&#x20AC;&#x201C; 2 0 , 2 0 2 0

/ T H E NOR T H ER N MINER