The Northern Miner December 10 2018 Issue by The Northern Miner Group

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EXPLORATION PROJECTS TO WATCH

Milestones on the horizon for juniors chasing hot prospects / 9–15

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Flin Flon mining to stop in 2021, Hudbay memo says

Nighthawk explores regions near Colomac in NWT GOLD

| Drills ‘vast, unexplored potential’ north of Yellowknife

BASE METALS

| Efforts to find more ore failed BY TRISH SAYWELL tsaywell@northernminer.com

espite its best efforts, the “most likely scenario” is that in 2021, mining operations will cease in Flin Flon, Man., an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) says. While the company has extended the life of its 777 mine from 2019 to 2021, the memo notes, its efforts to find new sources of ore from 777 “did not turn out as we hoped.” That means that the Flin Flon mill will also cease operations, the memo states, and the “most likely outcome is that the zinc plant will also close in 2021. “We have to be honest: after mining for 90 years in the Flin Flon area, we now know that we won’t have an anchor mine to replace 777 and sustain operations in Flin Flon the same way they are today,” Robert Assabgui, vice-president of Hudbay’s Manitoba business unit, wrote to staff. “In 2022, with only Lalor ore available, the zinc plant will have only 50% of the feed that it has today. It is unlikely we will be able to technically or commercially operate the plant at this reduced throughput.” The 777 zinc-copper-gold-silver mine began commercial production in 2004. The company said it is working to figure out what this means for jobs, but doesn’t have all the answers yet. “I can tell you that we know there will be a need for more people at Stall mill and Lalor mine,” Assabgui said. See HUDBAY / 2

A drill rig at Nighthawk Gold’s Indin Lake gold property in the Northwest Territories. NIGHTHAWK GOLD

BY TRISH SAYWELL tsaywell@northernminer.com

ince it kicked off this year’s 32,500-metre drill program in March, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has continued drilling at the Colomac and Grizzly Bear gold deposits, which, along with its Goldcrest gold deposit, make up the Colomac project’s inferred resource of 2.61 million contained oz. gold in 50.3 million tonnes grading 1.62 grams gold per tonne. But the company has also spent a lot of time drilling several of

its regional gold deposits and showings to build on what it says is a gold camp with vast, underexplored potential in the Indin Lake greenstone belt of the Northwest Territories, 200 km north of Yellowknife. “This past year a little over half of our drill metres were outside Colomac on our larger land package,” Michael Byron, Nighthawk’s president and CEO, says in a telephone interview. “The whole concept of why we consolidated the Indin Lake belt was to demonstrate that it is a gold camp at its very early stages of exploration and evolution.” So far, Nighthawk’s most exciting regional targets on the

property are Treasure Island, 11 km northwest of Colomac; Leta Arm, 15 km southwest of Colomac; and Damoti Lake, 28 km south of Colomac. The company drilled 16 holes (4,000 metres) at Treasure Island this year — the first drilling there since the company intersected several shallow, high-grade gold intercepts in 2011. All 16 holes intersected mineralization, with visible gold in 14 of them. Highlights include 46.3 metres grading 3.31 grams gold per tonne from 118 metres downhole, including 21.8 metres of 6.23 grams

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See NIGHTHAWK / 6

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2018-12-04 9:34 PM

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Carube expands gold anomaly at Main Ridge in Jamaica GOLD â&#x20AC;&#x201A;

| New management to expand companyâ&#x20AC;&#x2122;s focus beyond Jamaica

BY RICHARD QUARISA

rquarisa@northernminer.com

arube Copper (TSXV: CUC) has expanded the gold-in-soil anomaly at its Main Ridge gold project in Jamaica east to a 5.5 km total strike length. Though Carube has several copper and gold projects in Jamaica, the company says Main Ridge is one it can fast track through exploration. Carube is now carrying out detailed mapping and sampling at Main Ridge, including rock-chip samples, grab samples and channel samples across all mineralized structures it considers significant. This could continue until year-end. â&#x20AC;&#x153;We are aggressively working on our Main Ridge gold project in Jamaica, where weâ&#x20AC;&#x2122;ve found pretty good indications of mineralization at surface,â&#x20AC;? company president and CEO Stephen Hughes says in a telephone interview with The Northern Miner. The company first defined a goldin-soil anomaly at Main Ridge in August 2018 to a minimum 2 km strike length, with gold values ranging from 0.05 to 6.13 grams gold per tonne. At the time, Carube found two mineralized structures. It collected grab samples grading 6.1 grams gold and 13.9 grams gold from what became its Donkey Hill and Mango Valley prospects. The prospects sit along trend northwest of the Pennants gold deposit, which AusJam Mining developed into a small, open-pit gold mine after BHP Billiton (LON: BHP; NYSE: BHP) found it in the early 1990s. Drilling by AusJam at Pennants reported grades as high as 429.78 grams gold over 1.7 metres, and 56.41 grams gold over 3.8 metres. AusJ reportedly mined as much as 15,000 oz. gold at Pennants. The Pennants deposit has a 75,500-tonne historical resource

Personnel in the field at Carube Copperâ&#x20AC;&#x2122;s Main Ridge gold project in Jamaica. â&#x20AC;&#x201A; CARUBE COPPER

grading 20.4 grams gold. AusJam reported 17 grams gold over 3.1 metres and 2.7 grams gold over 1.4 metres in historical drilling at Main Ridge. In October 2018, Carube announced more high-grade, rockchip samples from Main Ridge, along with a third gold prospect called Silver Fish. Recent grab samples have graded as high as 19.3 grams gold at Mango Valley, 12 grams gold at Donkey Hill and 1.7 grams gold at Silver Fish. All prospects are hosted in quartz vein

structures. Most recently, Carube found two more gold-in-soil anomalies on the other side of Pennants, east of the deposit, called Guava Ridge and John Austin. The company took 326 samples at eastern Main Ridge at 100-metre spacings over a 1,500- by 1,900-metre area. The samples graded up to 1.14 grams gold in soils at Guava Ridge and 2.11 grams gold in soils at John Austin. Grab samples graded as high as 0.21 gram gold at Guava Ridge and 1.19 grams gold at John Austin.

Main Ridge also hosts two copperin-soil anomalies called Orange Hill and Trout Hall. Rock-chip channel sampling at Trout Hall returned grades as high as 0.84% copper over 0.8 metre and 0.79% copper over 1.5 metres. â&#x20AC;&#x153;Outside of that weâ&#x20AC;&#x2122;re actively speaking to at least 10 companies at a time about copper projects across the globe, with a preference to the Americas,â&#x20AC;? Hughes says. Hughes took over as CEO earlier this year, replacing Jeff Ackert, who stepped aside and became the com-

panyâ&#x20AC;&#x2122;s vice-president of business development. The company then reorganized its board. â&#x20AC;&#x153;What weâ&#x20AC;&#x2122;ve done is created a group of extremely experienced and talented individuals to look at things a bit differently than what was done in the past at Carube,â&#x20AC;? Hughes says. â&#x20AC;&#x153;It was a Jamaica-focused company, and I see that changing now.â&#x20AC;? Hughes says Jamaica has good copper projects, but not â&#x20AC;&#x153;of the scale that is of serious interest.â&#x20AC;? Still, the company is reviewing its copper anomalies across Jamaica to determine which ones could host a deposit. The company intends to pick up at least two more exploration or development projects. While its focus is copper, Hughes says he is considering gold assets, as well. He says his intent is to lower the companyâ&#x20AC;&#x2122;s risk profile by diversifying its portfolio. â&#x20AC;&#x153;First and foremost, I donâ&#x20AC;&#x2122;t like being isolated in one country,â&#x20AC;? Hughes says. â&#x20AC;&#x153;It just increases your risk.â&#x20AC;? He adds that â&#x20AC;&#x153;everyone on the board, we all believe that next year thereâ&#x20AC;&#x2122;s going to be a significant increase in copper price, as companies either donâ&#x20AC;&#x2122;t meet production levels, or those that are have lower grades than planned.â&#x20AC;? Before joining Carube, Hughes served for 23 years as a director and as vice-president of exploration for Asiamet Resources (LON: ARS; US-OTC: KMGLF), which is preparing a bankable feasibility study for its Beruang Kanan Main copper project in Indonesia. The project has 49.2 million measured and indicated tonnes grading 0.7% copper for 711.3 million lb. copper at a 0.2% copper cut-off grade. Shares of Carube Copper are trading at 4Â˘ in a 52-week range of 4Â˘ to 10Â˘. The company has a $7-million market capitalization. TNM

Flin Flon mining to stop in 2021, Hudbay memo says HUDBAY From 1

A jumbo at Hudbay Mineralsâ&#x20AC;&#x2122; 777 zinc-copper mine in Flin Flon, Manitoba. â&#x20AC;&#x201A; HUDBAY MINERALS

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1-16_DEC10_Main .indd 2

â&#x20AC;&#x153;We are also optimistic that there will be additional jobs at the New Brit gold mill once refurbished, and potentially at Pen, if this project moves forward. â&#x20AC;&#x153;We are still working through these business scenarios, and since these studies are still ongoing, we cannot provide a definitive answer. We anticipate offering training to help people transition to future roles, but we also expect that job loss will be part of the outcome.â&#x20AC;? In 2015, Hudbay acquired a 100%

â&#x20AC;&#x153;WE HAVE TO BE HONEST: AFTER MINING FOR 90 YEARS IN THE FLIN FLON AREA, WE NOW KNOW THAT WE WONâ&#x20AC;&#x2122;T HAVE AN ANCHOR MINE TO REPLACE 777.â&#x20AC;? ROBERT ASSABGUI VICE-PRESIDENT OF MANITOBA BUSINESS UNIT, HUDBAY

stake in the New Britannia mine and mill in Snow Lake. The mill is on care and maintenance, but if refurbished, could process up to 1,500 tonnes per day of gold zone and copper-gold zone ore

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from Lalor, and could provide an alternative to moving Lalor ore to Flin Flon for processing. The New Britannia mill includes a carbonin-pulp circuit that has historically produced gold dorĂŠ on-site. Hudbayâ&#x20AC;&#x2122;s Lalor mine, in the Chisel basin, 208 km east of Flin Flon in Snow Lake, produces zinc, copper, gold and silver. Initial production began in August 2012 and the mine reached commercial production in the third quarter of 2014. Hudbayâ&#x20AC;&#x2122;s concentrator in Snow Lake processes ore from Lalor. The concentrator was refurbished in 2014 and processes 3,000 tonnes of mineralized material a day from the Lalor mine, and produces zinc and copper concentrates. Hudbayâ&#x20AC;&#x2122;s Reed copper mine, 120 km east of Flin Flon, produced its last ore in August and processing was completed in September. The mine started commercial production in the first quarter of 2014. TNM

2018-12-04 9:34 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–23, 2018

JOINT VENTURE ARTICLE

Cobalt 27 is Ready to Ride the EV Revolution Cobalt 27 Capital Corp. (TSXV: KBLT; OTCQX: CBLLF; FRA: 270) is ramping up its exposure to the electric vehicle (EV) revolution with substantial cobalt stream acquisitions to complement its portfolio of battery metal royalties and inventory of physical cobalt. This year Cobalt 27 acquired from Vale, the world’s first pure cobalt stream for US$300 million on Vale’s Voisey’s Bay mine located in Labrador. The stream, which is expected to deliver approximately 1.9 million pounds of cobalt per year to Cobalt 27, is to be settled in physical delivery for the life of the mine. Also in 2018, Cobalt 27 acquired a 1.75% net smelter return royalty (NSR) on RNC Minerals’ construction-ready Dumont nickel-cobalt project in Quebec, which includes the world’s largest undeveloped cobalt reser ve; and, a 2% NSR on Giga Metals’ Turnagain nickelcobalt project located in British Columbia, one of the largest undeveloped sulphide nickel-cobalt deposits in the world (in terms of total contained nickel). The Voisey’s Bay stream entitles Cobalt 27 to 32.6% of the mine’s finished cobalt production commencing January 1, 2021, until it receives 23.8 million lb. cobalt, and then 16.3% of the mine’s finished cobalt production for the rest of the mine’s life. “The Voisey’s Bay Cobalt Stream is a world-class, once in a lifetime oppor tunit y to par tner on the greatest nickel-sulfide discovery in the past 30 years. Vale is currently undergoing a US$1.7 billion underground expansion at the open pit mine, which is expected to extend the life of mine to 2034. The low-cost nickel mine is run and operated by Vale, with a guarantee that they will build out the underground mine by 2021,” commented Anthony Milewski, Cobalt 27’s chairman and CEO. The Voisey’s Bay cobalt stream will be settled by Vale delivering to Cobalt 27 cobalt metal stored in warehouse in the form of warehouse certificates. At current co-

In June 2018, Cobalt 27 acquired a US$300 million cobalt stream for 32.6% cobalt production beginning January 1, 2021, from Vale on the Voisey’s Bay mine, including the proposed US$1.7 billion Voisey’s Bay mine underground expansion which will extend the life of mine to 2034. Cobalt 27’s Voisey’s Bay Cobalt Stream is scheduled to deliver approximately 1.9 million pounds of cobalt per year to Cobalt 27, to be settled in physical delivery for the life of the mine. Credit: Vale balt spot prices, the Voisey’s Bay cobalt stream is expected to add significant cash flow to Cobalt 27, for an initial 14 year mine life. The Voisey’s Bay open-pit mine produced 1,800 tonnes cobalt, 52,000 tonnes nickel and 34,000 tonnes copper in 2017. “Voisey’s Bay is particularly interesting because we will actually get the physical cobalt delivered to us and we’re the agents of that cobalt,” says Milewski. “We think that creates tremendous strategic value. We have the stream but we also control the product.” Since its IPO in June 2017, Cobalt

27 has built up a portfolio of battery metals streams and royalties designed to capitalize on the EV revolution and the more nascent grid-power storage revolution. In doing so, it considered the prospects of various battery minerals, including copper and lithium. “When we first evaluated cobalt, including current and projected supply and demand fundamentals, what we realized was that today, 50% of all cobalt is used in batteries of some form and, with accelerated global adoption on EVs, cobalt demand is expected to grow at double digit rates over the next

Cobalt rounds from the Voisey’s Bay Long Harbour processing plant which became operational in 2014, and has total production capacity of 50,000 tonnes of nickel per annum. In addition to nickel and copper, the Long Harbour plant produces high purity cobalt rounds from Voisey’s Bay concentrate. Credit: Vale

1-16_DEC10_Main .indd 3

5-10 years,” says Milewski. “What we saw in cobalt is that it’s really a great proxy for the adoption of electric vehicles.” Conservative estimates suggest that EVs will represent 8%-20% of the vehicle market by 2025, and 17%-38% by 2030. That could help propel the demand for cobalt from 106,000 tonnes in 2017 to 190,000 tonnes by 2025. If 100 million EVs are on the road by 2030, Cobalt 27 estimates this could require more than four times the current annual cobalt production, which totalled 102,800 tonnes in 2017 and is expected to rise to 118,100 tonnes in 2018. More than 29 automakers have invested in electric and hybrid vehicles, including Volvo, which aims to make only electric and hybrid vehicles by 2019. Several countries are targeting future bans on gasoline and diesel vehicle sales: Norway and the Netherlands by 2025; India and Germany by 2030; and the United Kingdom and France by 2040. China is also planning bans, but has not yet set a timeline. “When you look at September 2018, the percentage of new car sales in Canada being EVs was 8%, and in California it was 10%,” says Milewski. “Those numbers exceed any analyst’s forecasts that we are aware of.” “The adoption of the electric vehicle is happening at a much more accelerated rate than what the market anticipates. That is going to materially impact not just cobalt, but also nickel, copper and lithium.” A p ar t f rom t h e s t re am s an d royalties, Cobalt 27 also has in storage 2,906 tonnes of physical cobalt valued at C$286 million in October 2018. Shares of Cobalt 27 are trading at $4.88 within a 52-week range of $4.55 to $14. The company has a $412 million market capitalization.

“THE VOISEY’S BAY COBALT STREAM IS A WORLDCLASS, ONCE IN A LIFETIME OPPORTUNITY TO PARTNER ON THE GREATEST NICKEL-SULFIDE DISCOVERY IN THE PAST 30 YEARS.” ANTHONY MILEWSKI CHAIRMAN AND CEO, COBALT 27 CAPITAL CORP.

“In terms of inve stme nt opportunities, metals streaming and royalties continue to be the top performing asset class across all TSX-listed mining companies,” says Milewski. “With Cobalt 27, we have combined the best-per forming asset class — metals streaming and royalties — with battery metals, which we believe will continue to emerge as the top performing commodities globally due to the electrification of the transportation and energy storages sectors. It’s really wor th thinking about the impact of the changes that are currently underway and what it’s going to mean for a whole host of companies across the set of battery-linked commodities.” “It’s going to be tremendously impactful in terms of valuations of these companies and the underlying commodities in the coming years.” — The preceding Joint-Venture Article is promoted content sponsored by Cobalt 27 Capital Corp., and compiled in cooperation with The Northern Miner. Visit www. cobalt27.com for more information.

2018-12-04 9:26 PM

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DECEMBER 10–23, 2018 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

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Rio Tinto-led staking rush hits Australia’s Paterson province EDITORIAL

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

icunanan@northernminer.com PRODUCTION EDITOR: David Perri, BA dperri@northernminer.com ONLINE EDITOR: 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: Laura Arnold (416) 510-5135 (Toll free) 1-888-502-3456 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 Western Bureau: 303 West 5th Avenue Vancouver, BC, V5Y 1J6 (604) 688-9908 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

| Greatland Gold cuts long intercepts at Havieron

s 2018 draws to a close, one of the more intriguing exploration stories of the year is shaping up in the Paterson province in a remote part of Western Australia’s Great Sandy Desert — east of the Pilbara region’s better-known iron ore district. Due to extensive sand dunes and other BY JOHN CUMMING jcumming@northernminer.com unconsolidated cover, the Paterson province is relatively underdeveloped, compared to the iron fields to the west. Nevertheless, the Paterson province hosts two of Australia’s biggest mines: Newcrest Mining’s Telfer gold-copper-silver mine and Metals X’s Nifty copper mine. Because Rio Tinto is such a huge company, its grassroots exploration successes generally aren’t big enough to warrant being revealed in the company’s public disclosure, unless there is some kind of publicrelations payoff. In the case of its copper-gold exploration activities in the Paterson province, Rio Tinto has been officially silent on the issue, and so keen observers have had to be a little creative in inferring just what the supermajor is up to in eastern Pilbara. Rio Tinto first raised flags over the past year by adding tenfold to its landholdings in the area — applying for almost 30 exploration licences. Sleuths in the Australian media and mining community have pored over satellite images taken of Rio Tinto’s ground at Paterson and deduced a major drilling program has been underway since 2017, with a 40-person camp set up and drill rigs moved in that are large enough to drill the deepest holes. With satellite images refreshed every five or six days and no concealing vegetation, observers can see drill spacing proceeding at 200-metre intervals, with selective, 100-metre spacing. Those suspecting something large is afoot saw more evidence in Rio Tinto’s recent application to build an airstrip at its Paterson operations. Veteran Australian resources reporter Barry Fitzgerald wrote in June that “the scuttlebutt is that after mapping a subtle, induced-polarization, granite-related anomaly, drilling by Rio hit primary copper at a depth of 40 metres, and then visible primary mineralization down to depths of 180 metres in two holes 200 metres apart — just before what was the 2017 drilling program came to an end.” Rio Tinto is also exploring Antipa Minerals’ Citadel gold-copper project in the Paterson province after agreeing in October 2015 to spend up to A$60 million to earn up to a 75% farm-in. Those seeking more substance to the excitement need only look at the world-class, gold-copper drill intercepts announced by Londonbased explorer Greatland Gold, whose 385 sq. km Paterson project in the area comprises the Havieron, Black Hills and Paterson Range East licences. In hole 1 — drilled at Havieron and reported in June 2018 — Greatland cut 121 metres grading 2.93 grams gold per tonne and 0.23% copper from 497 metres, including 11.5 metres at 21.23 grams gold and 0.67% copper from 569 metres. In its most recent drill results reported on Dec. 4, Greatland Gold said that “initial observations reveal the intersection of significant visible mineralization in every hole” of the company’s current drilling campaign at Havieron. Hole 5 returned a combined intercept of 275 metres grading 4.77 grams gold and 0.61% copper, including an upper zone of 118 metres at 3.08 grams gold and 0.84% copper from 459 metres, and a lower zone of 157 metres at 6.04 grams gold and 0.44% copper from 660 metres. Other juniors stepping up their activity in the Paterson province in recent months are Sipa Resources, Metalicity, Red Metal and Encounter Resources, as well as iron ore miner Fortescue Metals Group. It looks like explorers have solved many of the technical challenges of probing beneath the thick sand cover of the Paterson province, and we look forward to an exciting year ahead in the region. With virtually all the land locked up by various claimstakers, hopefully Rio Tinto will finally make public the nature of its activities, and any discoveries of note. TNM

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Time to reopen prospector programs in Manitoba LETTER TO THE EDITOR

| MEAP and MPAP helped build northern Manitoba

ince the beginning of the 20th Century, a healthy mineral exploration industry has been the major driving force that has uncovered northern Manitoba’s economic mineral deposits to the benefit of all Canadians. Multiple cities and communities were established in Manitoba due to these exploration and mining successes, including Flin Flon, Thompson, Snow Lake and Bissett. In the 1990s, the Manitoba government made a very important supportive mining decision by introducing two programs: the Manitoba Exploration Assistance Program (MEAP), and the Manitoba Prospectors Assistance Program (MPAP). Both programs provided financial support for companies and individuals who were already spending their own money on mineral projects in Manitoba. In return, the province’s mining community responded with the major discoveries of Lalor, Reed Lake, Hinge, and some other mines. These discoveries were also very supportive for the people of Northern Manitoba. It’s no secret that since 2013– 2014, the world market for base and precious metals is under tremendous pressure of low prices. This drastically affected our province with significant reduction of investment in mining and exploration. In addition to this, in 2018

the MEAP and MPAP programs were put on hold. We all realize that our provincial government wants to balance the financial situation in Manitoba. On the other end, it’s important to attract investments to keep exploration projects going. We know that most of Manitoban mineral exploration and mining projects are located within the northern part of the province. And exploration and mining companies always were substantial contributors in creating jobs in these northern communities. This is my plea to Blaine Pedersen, our province’s Minister of Growth, Enterprise and Trade, to please review the situation with the MEAP and MPAP, and bring these programs back on track. If they are restored, believe me that we will all witness how positively it will effect the investment climate of our province. All Manitobans want to live in a wealthy and prosperous province, and the mining community will do its part to be a significant contributor to the provincial treasury. If you agree with this view, please add your name to a petition I have started at: www.change.org/p/ blaine-pedersen-re-open-meapand-mpap-programs-in-manitoba Nikolay Bashaev, P.Geo. Manitoba

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

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

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

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Agnico Eagle Mines. . . . . 14 Alamos Gold. . . . . . . . . . . 14 Altamira Gold . . . . . . . . . . 7 Anglo American. . . . . . . . 7 Asiamet Resources. . . . . . . 2 Aton Resources . . . . . . . . 11 BHP Billiton. . . . . . . . . . . . 2 Carube Copper. . . . . . . . . . 2 Detour Gold. . . . . . . . . . . 14 Fortuna Silver Mines. . . . 16 Fortune Minerals. . . . . . . 11

Glencore . . . . . . . . . . . . . . 11 Hecla Mining. . . . . . . . . . 14 Hochschild Mining. . . . . 10 Hudbay Minerals. . . . . . . . 1 Iamgold. . . . . . . . . . . . . . . 11 Lithium Americas. . . . . . . 8 Maple Gold Mines. . . . . . 14 Marathon Gold. . . . . . . . . 15 McEwen Mining . . . . . . . . 5 Mirasol Resources. . . . . . . 9 Newcrest Mining. . . . . . . 10

Nexa Resources . . . . . . . . . 7 Nighthawk Gold. . . . . . . . 1 OceanaGold. . . . . . . . . . . 10 Osisko Mining. . . . . . . . . 14 Pan American Silver. . . . . 9 Probe Metals. . . . . . . . . . . 11 Sabina Gold & Silver. . . . . 9 Sun Metals. . . . . . . . . . . . . 11 Yamana Gold . . . . . . . . . . 14

The headframe at Hudbay Minerals’ Lalor zinc-gold-copper mine, near Snow Lake, Manitoba. HUDBAY MINERALS

2018-12-04 9:26 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–23, 2018

Rob McEwen responds to criticism of US$90M at-the-market offering INTERVIEW BY TRISH SAYWELL tsaywell@northernminer.com

n Nov. 8, McEwen Mining (TSX: MUX; NYSE: MUX) entered an equity distribution agreement with UBS Securities, BMO Capital Markets, Cantor Fitzgerald & Co., H.C. Wainwright & Co., Roth Capital Partners and Alliance Global Partners to offer up to US$90 million of its common stock in the United States. Under the terms of the at-the-market offering (ATM) filed with the U.S. Securities and Exchange Commission (SEC), the agents can sell stock in McEwen Mining at the current market price on the New York Stock Exchange and get a 2% commission of the gross sales price per share of the company’s common stock. ATMs have become a popular method of financing for companies in the U.S., helping them raise equity capital over time by selling new shares into the trading market at prevailing prices, rather than through traditional underwritten offerings of a fixed number of shares at a fixed price all at once. They are generally less expensive and less complicated to execute. Most companies disclose ATMs when they provide regular financial updates, such as during quarterly conference calls. The Northern Miner spoke with McEwen Mining founder Rob McEwen about the offering.

| Fundraising effort aims to give McEwen Mining more flexibility

The Northern Miner: What was the rationale behind the offering and the timing? Rob McEwen: It’s an instrument called an “at-the-market financing.” They’re fairly common in the U.S. and are gaining popularity here. It’s a cheaper way of raising money. The investment bankers’ fees are half or less. They say that they don’t have to do as much work. They basically sell shares into the market over an extended period of time. TNM: How does it work? RM: You do a registration with the SEC, and, similar to shelf filings, the registration is for potential sales, meaning the sales under this instrument can be done at our discretion and timing. This financing is not done right away. This instrument allows us to raise up to US$90 million over a period of time. The shares will be sold into the market at the market price. So, you don’t have the traditional discount that occurs when you do a financing like a marketed deal or a bought deal. Investment banking fees are usually half or less. Also, this type of financing is usually less disruptive to your share price. Furthermore, the advice we received from our financial advisors was that most

companies that use this form of financing make the mandatory public filings but do not make or issue a press release relating to the financing. So we followed what was standard practice. We registered the financing to have flexibility. Not only are we building our Gold Bar mine, but we wanted to have funds for exploration targets on our other properties, and to also have the capacity to take advantage of attractive growth opportunities.

securities. Can you elaborate?

TNM: What is the period of time specified for issuing these additional shares?

TNM: There has been some criticism of the company for not issuing a press release.

RM: There is no defined period and it can effectively be evergreen, but, again, this is at our discretion and we can cancel it at any time. Or we can raise the full amount and satisfy the registration limit. But it wouldn’t be raised all at once.

RM: The advice we got from the investment bankers is that you don’t need a press release. Very few companies that use this type of financing, which must be publicly filed on SEDAR, make a press release. Once filed on SEDAR, it is considered publicly disclosed. Filings on SEDAR trigger notices on watch lists monitored by many investors. I was surprised and saddened by the reaction. In hindsight, a press release setting out why we were registering this financing and how the financing worked would have been a good idea.

TNM: In the system for electronic document analysis and retrieval (SEDAR) filing, it says the net proceeds will be used by McEwen Mining for working capital and for general corporate purposes, and some of it might be used to invest in short-term, investment-grade, interest-bearing investments and U.S. government

RM: The time to look for and acquire growth opportunities is right now. The financing is all about being prepared and able to react when we see a value-adding transaction. It could be a joint venture or a mergers and acquisitions transaction. TNM: Could you be more specific? RM: [Laughs.] No comment.

TNM: If you did another one, would you put out a press release? RM: Absolutely, given the adverse reaction we experienced. TNM: How are other things going at McEwen Mining? RM: Construction of our Gold Bar mine is advancing, and we expect it to be up and running by yearend, and declaring commercial production in the first quarter. The tricky part about building a mine is making it work the way you said it was going to work, so we are very anxious until it’s doing just that: delivering the promise. I am pleased to say that Gold Bar is on schedule and on budget. We’re just completing our exploration program at Black Fox. We spent $15 million on our property in Timmins. We’ll soon release resource updates in December and in the first quarter of 2019 for Black Fox and Gold Bar, and in the first half hope to have an amended permit to construct our Fenix project in Mexico. We are focused on extending the lives of our mines, reducing our operating cost per ounce and building our production base. TNM

Canadian budget update full of goodies for miners GOVERNMENT

| Five-year extension of Mineral Exploration Tax Credit a boon to explorers

n a move long sought by mineral explorers active in Canada, Canada’s federal government has extended its mineral exploration tax credit (METC) for five years, in contrast to the prior tradtion of renewing it annually. The news came in November as part of the government’s fall economic statement, which included a $17.6-billion suite of businessfriendly tax measures and investments that should benefit firms in the mineral sector. The METC allows qualifying explorers (that don’t generate revenue from which to deduct expenses) to pass deductions on to investors by selling them flow-through shares. Investors also get an extra 15% tax credit when investing in what are now known as “super flow-through shares.” The latest iteration of the METC was set to expire on March 31, 2019. The government estimates the METC extension will lower revenues by $365 million over the five years. Between 2010 and 2016, companies raised an average $505 million each year under the METC, according to the government. The Prospectors and Developers Association of Canada (PDAC) says this marks the first multi-year extension of the METC since its iteration was introduced in 2000. It was later renewed annually by successive governments. “We are pleased that the government has heard our concerns about Canada’s waning competitiveness and adopted our recommendation,” says Lisa McDonald, PDAC interim executive director and chief operating officer.

1-16_DEC10_Main .indd 5

The Mining Association of Canada (MAC) also lauded the government for announcing two other tax measures, which should help miners and metal producers by helping firms write off three times the eligible costs of newly bought assets in the acquisition year, and write off the full cost of clean energy equipment. “The enhanced treatment of capital expenditures in the first year for mining and metal manufacturing provides an important incentive to invest in Canada,” MAC head Pierre Gratton says. “The write-off of the full cost of clean energy equipment will serve to incentivize investments in northern Canada where access to grid power does not exist, supporting a transition to low carbon energy alternatives.” Gratton adds that he hopes miners can write off the cost of switching to electric haul trucks and other equipment. MAC welcomed several other measures in the government announcement: another $800 million over five years for the Strategic Innovation Fund; a commitment to boost overseas exports 50% by 2025; a proposed $13.6-million increase to the multimodal integrated passenger-freight information system; bolstering the Canadian Trade Commissioner Service; a suite of proposals to improve regulatory competitiveness; and accelerated investment of $773.9 million over the next five years of national, tradecorridors funding. MAC notes these moves will help Canada compete for investment in light of recent tax changes in the United States. TNM

2018-12-04 9:26 PM

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DECEMBER 10–23, 2018 / THE NORTHERN MINER

Nighthawk explores regions near Colomac in NWT NIGHTHAWK From 1

gold from 121 metres downhole and 16.5 metres of 7.71 grams gold from 126 metres downhole in drill hole 18-4B. Drill hole 18-3B cut 18.5 metres grading 7.37 grams gold from 165 metres below surface, including 8 metres of 16.14 grams gold, starting from 167 metres downhole. “Those are wicked hits and are brand new in this area,” Byron says. “Now it’s just a function of understanding the mechanism of the emplacement of that higher grade.” Treasure Island is the northernmost project on Nighthawk’s Indin Lake property and is situated along the eastern end of a 7-kilogram mineralized corridor that hosts several high-priority gold showings, including Laurie Lake, 4 km west. So far drilling has confirmed the gold system is upwards of 200 metres wide, 700 metres long and open in all directions, and supports Byron’s thesis that it could become a high-grade feeder to any future mining operation at Colomac. Nighthawk also went back to Damoti Lake, a high-grade gold deposit in iron formation that it had not touched since 2010. Previous owner Anaconda Gold completed a resource estimate for Damoti Lake in 2005. The deposit has a measured and indicated resource of 40,600 tonnes grading 26.17 grams gold per tonne, with another inferred mineral resource of 17,800 tonnes grading 16.38 gram gold per tonne at a cut-off grade of 8 grams gold. Nighthawk says there is an opportunity to grow the resource beyond its high-grade core and will release drill results before year-end. “We wanted to go back there this year and see if we could build out those mineralized domains a little farther afield, and grow that resource,” Bryon says. “It doesn’t have a 43-101 that encapsulates the entire mineralization. We’re hoping to deliver that in early 2019, so we’ll see how that goes — that’s our intention.” Byron says they will also test some exploration models at Damoti Lake because previous operators typically stepped out only 25 metres or so if they had a good hole. “No one looked at it as an exploration exercise to say ‘where else could it leak into, and let’s test some conceptual targets,’ so that’s what

A worker wets drill core from the Colomac deposit at Nighthawk Gold’s Indin Lake gold project. NIGHTHAWK GOLD

we’re doing.” Meanwhile, the company also drilled its Leta Arm gold project, where it had not worked since 2011. Leta Arm straddles the Leta Arm fault zone, a north- to southtrending regional deformation zone up to 10 km long and 500 metres wide, which hosts two historical gold mines — North Inca and Diversified — and two gold showings: No. 3 and Lexindrin. The Diversified mine is 1.3 km north of the North Inca mine and the No. 3 showing is situated in between (450 metres south of the Diversified shaft and 800 metres south of North Inca’s East zone), while Lexindrin is 1.2 km north of the Diversified shaft. Exploration shafts and limited underground development were done on the North Inca and Diversified deposits in the 1940s to explore quartz veins with highgrade gold mineralization. Byron says Diversified, North Inca, No. 3 and Lexindrin are part of the same mineralized system because they share similar mineralization styles, mineralized widths, morphology, a common, steep northern plunge, and are

distributed along a linear array. Drilling this year focused on extending the deposits and exploring for a connection along strike, while searching for new deposits along the Leta Arm fault zone. All 11 holes drilled into North Inca intersected mineralization, with visible gold in eight of them. The highlight was 18-3B, which returned 26 metres of 2.68 grams gold from 94 metres downhole, including 10 metres of 4.90 grams gold. Another hole, 18-2B, assayed 9 metres of 4.49 grams gold from 86 metres downhole, including 2 metres of 10.45 grams gold. At Diversified, drill highlights included 18 metres grading 5.81 grams gold, including 9 metres of 9.65 grams gold in hole 18-8 and 14 metres of 3.50 grams gold from 127 metres downhole, including 7 metres of 6.67 grams gold in hole 18-6. The best results from the No. 3 showing were 10 metres of 2.67 grams gold from 42 metres downhole in 318-2B, and from the Lexindrin showing, 21.8 metres of 1.20 grams gold from 121 metres downhole in 18-1B. “The more and more we do this

[drilling], we’re basically proving up our thesis, which is — we’ve got a gold camp here,” Byron says. “We’re closer to the beginning than the end, that’s why it is so exciting. You never know what the next drill hole is going to give you.” The company also drilled its four zones at the main Colomac deposit (1, 1.5, 2.5 and 3.5) and at its Grizzly Bear deposit. At Grizzly Bear, 4 km southwest of Colomac’s Zone 1.5, all 11 holes intersected mineralization, including several broad zones that are open to depth. Highlights include 6 metres of 4.04 grams gold per tonne from 62 metres downhole, including 3 metres of 7.78 grams gold. Other positive results from Colomac this year include 20 metres of 2.98 grams gold from 153 metres, including 13 metres of 4.30 grams gold in Zone 3; 26 metres of 2.04 grams gold from 232 metres downhole in Zone 2.5; 25 metres of 3.42 grams gold from 138 metres downhole in Zone 2; 68 metres of 2.24 grams gold, including 6 metres of 5.70 grams gold from 298 metres downhole in Zone 3.5; and 84 metres of 2.91 grams gold from 276 metres downhole, including

TO THE EXECUTORS, HEIRS, SUCCESSORS OR ASSIGNS OF CHARLES ANTHONY BARDESSONO

TO THE EXECUTORS, HEIRS, SUCCESSORS OR ASSIGNS OF EVA CAMERON GIRARDOT

Charles Anthony Bardessono of Hibbing, Minnesota, is a co-owner of the surface rights of two parcels of land in Deloro Township, Timmins, Ontario, Canada under PIN #65442-0240 and PIN #65442-0241 (“Parcels”). It is believed that he passed away in 1976.

Eva Cameron Girardot of Malden, Massachusetts, is a co-owner of the surface rights of two parcels of land in Deloro Township, Timmins, Ontario, Canada under PIN #65442-0240 and PIN #65442-0241 (“Parcels”). It is believed that she is deceased.

Goldcorp Canada Ltd. and Goldcorp Inc. (“Goldcorp”) have commenced an application pursuant to section 175 of the Mining Act (Ontario) before the Mining and Lands Tribunal (“Tribunal”) for an order giving it the right to use the Parcels in return for compensation.

Executors, legal heirs, successors or assigns of Mr. Bardessono may be entitled to compensation for the loss of their rights to the Parcels if the application is successful and the Tribunal makes the order requested by Goldcorp. The publication of this notice should not be construed as evidence that any party is entitled to compensation.

Executors, legal heirs, successors or assigns of Ms. Girardot may be entitled to compensation for the loss of their rights to the Parcels if the application is successful and the Tribunal makes the order requested by Goldcorp. The publication of this notice should not be construed as evidence that any party is entitled to compensation.

If you are an executor, heir, successor or assign of Mr. Bardessono or are otherwise entitled to the interest of Mr. Bardessono in the Parcels, you may obtain a copy of the application and more information by contacting Goldcorp counsel, Cassels Brock & Blackwell LLP, via email at miningapp@casselsbrock.com.

If you are an executor, heir, successor or assign of Ms. Girardot or are otherwise entitled to the interest of Ms. Girardot in the Parcels, you may obtain a copy of the application and more information by contacting Goldcorp counsel, Cassels Brock & Blackwell LLP, via email at miningapp@casselsbrock.com.

If you wish to participate in the application, you must file your notice of intention to appear with the Mining and Lands Tribunal, 655 Bay Street, Suite 1500, Toronto, Ontario M5G 1E5 by mail or courier, or email to the Registrar at daniel.pascoe@ontario.ca, or fax at (416) 326-5370 no later than December 31, 2018.

1-16_DEC10_Main .indd 6

25 metres of 5.05 grams gold in Zone 1.5. Nighthawk’s 899 sq. km land package takes up 95% of the entire Indin Lake greenstone belt, Byron estimates — or “three times the size of the core of the Timmins camp. “We grabbed every showing, every deposit,” he says. “What we did at Indin Lake was just identify that it had potential to be like these other mining camps, and it was cheap, because no one else was thinking along those lines, and there was no competition.” Annual costs to hold the land are reasonable, too. Mining claim assessment requirements cost the company $100,000 a year and taxes on mining leases add $50,000 annually, for a total $150,000. What’s more, the company has no work commitments on any of the ground, Byron says. When it did its deals for Colomac and Leta Arm, for example, Nighthawk took full ownership. Nighthawk has $15 million in cash, and Byron says the company could afford to do another large drill program next year. But, he says, Nighthawk’s management team is flexible. “If there is an opportunity to look at a financing at good terms and our share price is there and we can do flow-through, we’ll look at that, but we haven’t made any plans to go down that road,” he says. “If it presents itself, we will. But we’re not desperate here — let me put it that way. We’re not running on fumes.” In July the company raised $2.5 million in a non-brokered, flow-through private placement to boost its 2018 exploration drill and prospecting program from 25,000 metres to 32,500 metres. As for working in the Northwest Territories, Byron says, it’s all pretty good. The First Nations and Metis are on the same page about protecting the environment and the importance of creating jobs for their youth, he notes. He says 30% of the gross domestic product in the Northwest Territories comes from diamond mining, so the government is well aware of its economic dependence on mining. “Maybe diamonds last forever, but diamond mines don’t,” Byron says. “And there will come a day when you have to find that 30% somewhere else and mining is the logical choice, as they are already schooled in it.” TNM

2018-12-04 9:26 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–23, 2018

Altamira cuts high-grade gold in Brazil GOLD

| Looking for deeper sources of near-surface mineralization

BY RICHARD QUARISA

rquarisa@northernminer.com

ltamira Gold (TSXV: ALTA; US-OTC: EQTRF) wrapped up this year’s trenching program at its Cajueiro gold project in Brazil by finding two gold-bearing structures on the northern end of its Matrincha target, just south of its Baldo target. Until the start of 2017, Altamira had focused on the project’s Crente zone, which hosts Cajueiro’s entire indicated resource and most of its inferred resource. In sulphides, the project contains 8.64 million indicated tonnes grading 0.78 gram gold per tonne for 214,000 oz. gold, as well as 9.53 million inferred tonnes at 0.66 gram gold for 204,000 oz. gold. It has another 179,000 inferred oz. gold in oxides. “But now we’ve got our teeth into the Baldo area and Matrincha,” Altamira Gold president and CEO Michael Bennett says in an interview with The Northern Miner. “We’ve discovered these consistent, almost east–west brecciated zones, which are much higher grade. On surface there are grades over 100 grams gold per tonne.” The company focused its trenching on Matrincha and Baldo because the areas are slightly elevated, compared to other parts of the project. As a result, they feature less soil and saprolitic cover on top of the bedrock, making them easier to trench and sample. Two trenches from Matrincha, developed 275 metres apart, cut 8.82 grams gold over 1 metre and 5.31 grams gold over 5 metres. The company then cut a parallel zone in both trenches. These returned 18.9 grams gold over 1 metre and 30.19 grams gold over 3.6 metres, including 106.31 grams gold over 1 metre. The company also completed four trenches at Baldo East and extended the strike length of the Baldo 2 structure to 950 metres. The best trench graded 8.42 grams gold over 4 metres. “More important than that ... you’ve got something happening at depth below our Cajueiro block,” Bennett says. “We need to look at the near-surface resources, but we realize that we are looking at nearsurface gold mineralization, which is being fuelled by a deeper intrusive source.” Bennett says at least five majors, including Anglo American (LON: AAL), Nexa Resources (TSX: NEXA; NYSE: NEXA) and Codelco, are active in the Juruena belt, looking for deeper sources of the gold mineralization. Bennett hopes it’s a porphyry source. He says Altamira is in contact with several major companies investigating the possibility of working together on deeper exploration within Altamira’s properties. “It’s something that is not out of our technical hands, but in this market might be out of our financial hands, and where we might need a major to help us,” he says. With the rainy season beginning, Altamira will put more trenching on hold until early next year. Instead,

At Altamira Gold’s Cajueiro gold project in Brazil, from left: contract driller, project geologist Elvis Alves and country manager Sergio Amaro Aquino. ALTAMIRA GOLD

it will focus on stream sediment and pan concentrate sampling at its newly staked Sao Joaozinho property, south of Cajueiro, as well as its 620 sq. km Santa Helena claim block, in the southern end of the Juruena belt. It will likely do the same on its Cajueiro and Apiacas properties toward year-end. “During the dry season we could trench,” Bennett says. “We could have taken stream-sediment samples, but it would have been difficult to process them on-site, because there was no water.” The company will test its streamsediment samples for base metals, in addition to the gold-focused pan sampling. Altamira just started the sampling program at Santa Helena. It will take the company two months to complete. “Santa Helena is a very important area,” Bennett says. “We’ve been sampling there recently because the local farmers are digging a few pits in the area, and they’re finding some very high-grade, gold-vein structures.” He says that though the veins are only a few metres wide, they are con-

A trench in the Baldo area at the Cajueiro property.

1-16_DEC10_Main .indd 7

ALTAMIRA GOLD

sistent along strike and associated with copper. Santa Helena features hydrothermally altered rocks on surface with either stockwork or parallel quartz veining, and Altamira says the area could overlie a deeper-seated mineralization source. Bennett puts it along with Cajueiro and Apiacas as the company’s three properties that are most prospective for both shallow gold and deeperseated mineralization. Meanwhi le, Brazi l recent ly wrapped up a presidential election that saw populist pro-business candidate Jair Bolsonaro emerge victorious. It is unclear what impact, if any, this will have on mining regulations in Brazil. Speaking before the election, Bennett said the current system is hampered, not by laws, but by “the agility of the paperwork.” The Brazilian government has established an agency in the last year to speed up the paperwork related to mineral exploration. Still, staking claims in Brazil can take time. “Some of the areas we claim go into a bidding process, and that bidding process is very, very slow,” Bennett says. “They’re now thinking of changing that to a much more agile process that can be done online. “When you’re an exploration company, you need to get the exploration permit and the environmental permit, and spend your money and look for what you’re looking for — not wait and wait and wait for the paperwork to come out. So that’s a really important move in Brazil.” Shares of Altamira are trading at 9¢ in a 52-week range of 8¢ to 35¢. The company has a $5-million market capitalization. TNM

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2018-12-04 9:26 PM

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DECEMBER 10–23, 2018 / THE NORTHERN MINER

Lithium Americas advances Thacker Pass in Nevada LITHIUM

BY TRISH SAYWELL

tsaywell@northernminer.com

it hium A mer ic as (TSX : LAC; NYSE: LAC) is perhaps best known for its flagship, 62.5%-owned, Cauchari-Olaroz lithium brine project in northwestern Argentina’s Jujuy province, which could produce battery-grade lithium carbonate (Li 2CO3) over a 40-year mine life from 2020. But the company also has its wholly owned Thacker Pass lithium project closer to home in Nevada, 100 km northwest of the mining town of Winnemucca. The Thacker Pass deposit is the largest lithium clay project in the world, the company says, and a June prefeasibility study outlined a 46-year mine life. The study envisioned initial production capacity of 30,000 tonnes per year of battery-grade Li 2CO 3 starting in 2022 for phase one, and increasing to 60,000 tonnes per year in phase two, starting in 2026. The company has begun the permitting process and expects to start building the first phase of the project by the end of 2020, with lithium production beginning in 2022. Construction of phase two will start in 2025, with more production entering the market by 2026. The Thacker Pass project is the largest-known lithium resource in the U.S., and has lithium grades two to three times higher than other U.S. lithium clay deposits. The deposit is also shallow, averaging only nine metres below ground (the maximum depth of the pit would be 120 metres), and as a result has a low waste-to-ore strip ratio of 1.6 to 1. “It is a world-class project and a great project for Nevada,” says Alexi Zawadzki, Lithium Americas’ president of North American operations. “From our finance modelling, it will generate about $6 billion in taxes to federal, state and county

THE PERFECT

GIFT

| Study outlines 46-year mine life, beginning in 2022

governments.” The project involves building a leaching circuit using sulphuric acid to liberate the lithium from the claystone. After the leaching process, the lithium-bearing solution will be purified using crystallizers and reagents to make battery-grade Li 2CO3 . Because the plan relies on sulphuric acid, the company will build a 5,280-tonne-per-day conventional sulphuric acid plant. (In phase one it will be 2,640 tonnes per day.) The plant will convert molten sulphur into low-cost sulphuric acid, which will lower transportation costs and provide a source of low-cost power. The company is also contemplating a cogeneration facility that would provide enough carbon-free electricity to power the entire project and sell excess power to the grid. Zawadzki notes that the company’s acid-leaching process is more efficient, sustainable and cheaper than traditional processing. “We are no longer using the historical approach, which includes a roasting and calcining process adapted from the lithium hard rock industry,” he says. “Quite simply, our soft claystone ore responds well to a low-energy wet attrition and leach process, because it was formed at the bottom of a lake under relatively benign geological conditions. Applying the hard rock process to our ore, which was effectively designed to liberate lithium in rock that was formed under intense heat and pressure, is like using a sledgehammer to crack a walnut.” Zawadzki adds that although the process is new to lithium, vat acid leaching is common across the U.S. in the phosphate industry, and uses standard equipment and technology. A pilot plant, 354 km away in Reno, is on schedule to operate before year-end. The purpose of

Lithium Americas’ Thacker Pass lithium property, 100 km northwest of Winnemucca, Nevada. LITHIUM AMERICAS

the pilot plant is to optimize the process to consume less sulphuric acid, which is a main driver on cost. The plant will also make samples of lithium-enriched brine that will be shipped to crystallizers that will use the brine samples to design their equipment and provide performance guarantees for battery-grade lithium chemicals. “The pilot plant will also produce representative samples for environmental and rheology testing, which will be used for the permitting process, and confirm key details of our design,” Zawadzki says. “Upon completion of the pilot plant studies, expected by mid-2019, we intend to go directly into basic engineering for our plant design.” Capital expenses for phase one of the Thacker Pass build could run to US$581 million, including a 19% contingency, and phase two will cost another US$478 million. Phase two involves doubling the sulphuric acid capacity by building a second acid plant, as well as a 93 km rail line that would connect

“APPLYING THE HARD ROCK PROCESS TO OUR ORE, WHICH WAS EFFECTIVELY DESIGNED TO LIBERATE LITHIUM IN ROCK THAT WAS FORMED UNDER INTENSE HEAT AND PRESSURE, IS LIKE USING A SLEDGEHAMMER TO CRACK A WALNUT.” ALEXI ZAWADZKI PRESIDENT OF NORTH AMERICAN OPERATIONS, LITHIUM AMERICAS

the plant with a Union Pacific (UP) main line near Winnemucca. The UP line is connected to facilities that produce soda ash in Wyoming, limestone in Nevada and molten sulphur in various locations. Lithium Americas began the permitting process in the first quarter with baseline data collection, most of which is complete. The company expects to submit an environmental impact statement to regulators by July 2019. After acquiring Thacker Pass through its merger with Western

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Uranium in mid-2015, Lithium Americas spent a year and a half reconfiguring the project (formerly known as Kings Valley). It conducted two drill campaigns and found more lithium resources. At US$12,000 per tonne for battery-grade Li2CO3, the prefeasibility study estimated US$520 million in average annual earnings before interest, tax, depreciation and amortization (US$246 million in phase one); a US$2.6-billion, after-tax net present value at an 8% discount rate; and a 29.3% after-tax internal rate of return. Proven and probable reserves stand at 179.4 million tonnes grading 3,283 parts per million lithium for 589,000 tonnes lithium metal, or 3.14 million tonnes lithium carbonate equivalent. At full build out, Thacker Pass’ 60,000 tonnes of Li2CO3 a year would represent 25% of global demand for lithium, Zawadzki says, adding that global demand is expected to grow 400% between now and 2025. As a result, Lithium Americas’ wholly owned subsidiary, Lithium Nevada Corp., is evaluating lithium hydroxide production at Thacker Pass, with lithium hydroxide priced higher than lithium carbonate, and demand rapidly growing for cathode-material production. The U.S. is one of the largest lithium consumers, but produces only 2% of the global supply. “Economically available lithium is relatively scarce in the U.S.,” Zawadzki says. “Most of it is located in South America — in Chile and Argentina — and in Australia. The U.S. is heavily reliant on imports of lithium that are vital to the nation’s security and economic prosperity, and that dependence on foreign sources creates a strategic vulnerability. This is precisely why President Donald Trump has defined lithium as a ‘critical mineral’ under an executive order in 2017. Thacker Pass has the potential to satisfy the U.S. lithium demand, or at least a good percentage of it. Therefore, not only is this a very unique deposit globally, it is very important to the United States.” TNM

2018-12-04 9:26 PM

SPECIAL FOCUS

EXPLORATION

PROJECTS TO WATCH

A drill rig on Kutcho Copper’s namesake copper property in northern British Columbia. KUTCHO COPPER

Sabina hits more gold at Back River NUNAVUT

| Growing project is shovel ready, CEO says BY TRISH SAYWELL tsaywell@northernminer.com

samples taken in 2018 graded as high as 950 grams per tonne silver and 4.27 grams gold over 0.3 metre. The company will drill outcropping mineralization to see if it extends underground. Mirasol is funding its exploration in part with the $8 million it raised during a private placement in June 2018.

abina Gold & Silver’s (TSX: SBB) Back River project is already expected to produce 198,000 oz. gold a year in its first 12 years at all-in sustaining costs of US$620 per oz. gold. However, those numbers were released in a September 2015 feasibility study, and the company has continued to make more discoveries on its 540 sq. km property in Nunavut. Drilling at the Nuvuyak target returned an intercept of 11.58 grams gold per tonne over 39.5 metres from 798 metres downhole, with abundant, visible gold. The hole, 18GSE545, was drilled 1 km west of Goose Main along strike and 1,000 metres down-plunge of Back River’s largest deposit — Goose Main — and prompted Sabina to double its 2018 exploration program to 20,000 metres. The latest batch of drill results released in October have only heightened the company’s enthusiasm for Nuvuyak, with intercepts in drill hole 18GSE558 of 7.78 grams gold over 12.4 metres, starting from 719 metres; 16.39 grams gold over 13.2 metres, from 741 metres downhole; and 13.32 grams gold over 5.1 metres, from 784 metres downhole. A second hole, 18GSE553, returned 8.58 grams gold over 4.9 metres from 723 metres. The drilling also showed a zone extension between 130 and 500 metres from the discovery hole toward a previously identified target on the property called “Hook,” which the company says could link to the Goose Main deposit, where resources exceed 1 million oz. gold. The mineralization at Nuvuyak is hosted within a polyphase fold sequence of Back River lower iron formation stratigraphy and coincident gold structures that are interpreted as a big part of the major mineralizing horizon at the Goose property. Early interpretations of the Nuvuyak zone and its similarities to Back River’s high-grade Umwelt Vault zone suggest the potential for a large-scale mineral trend from the Goose Main deposit to the Umwelt Vault deposit, which could intersect much of the central Goose property,

See MIRASOL / 10

See SABINA / 12

Project geologist Oscar Pederson surveying a control point for drone flights, which will collect high-resolution images and an elevation model, ahead of the next drill program at Mirasol Resources’ Nico gold-silver project in Argentina. MIRASOL RESOURCES

Mirasol explores in Argentina, Chile

GOLD-SILVER

| JV partners will combine to spend $7M at grassroots properties “IT’S A REALLY SENSIBLE, RISK-REWARD PROFILE FOR US TO BY RICHARD QUARISA BE DRILL TESTING THOSE KINDS OF PROJECTS, WHERE EVEN rquarisa@northernminer.com A MODEST DISCOVERY WOULD CREATE SUBSTANTIAL VALUE irasol Resources (TSXV: FOR OUR SHAREHOLDERS. NICO IS ONE OF THOSE PROJECTS.”

MRZ; US-OTC: MRZLF) is about to do something it doesn’t do often: drill one of its own projects. The Argentina- and Chilefocused precious metals project generator is in the middle of a $4.5-million exploration initiative at its gold-silver-copper projects in Chile and Nico gold-silver project in Argentina. It intends to spend $1.51 million exploring Nico alone, which it is permitting for a phaseone drill program in January 2019. On top of that, three of the company’s joint-venture partners will spend at least $7 million across four of Mirasol’s projects in Argentina and Chile. All of this is happening during Mirasol’s financial year, which began on July 1, 2018. “We’re sticking to that projectgeneration model for our core, large-scale, high-risk, high-reward projects,” Mirasol president and CEO Stephen Nano says in an interview with The Northern Miner, “but we also have a crop of projects, with high-grade mineralization at surface, and very near mine

1-16_DEC10_Main .indd 9

STEPHEN NANO PRESIDENT AND CEO, MIRASOL RESOURCES

infrastructure. “It’s a really sensible, risk-reward profile for us to be drill testing those kinds of projects, where even a modest discovery would create substantial value for our shareholders. Nico is one of those projects.” Nico straddles a provincial gravel road that Pan American Silver (TSX: PAAS; NASDAQ: PAAS) plans to use to truck ore from its COSE and Joaquin silver proper-

ties through Nico to its nearby Manantial Espejo mine facility for processing. The company is already doing surface work, including geophysics, geological mapping and geochemical sampling at Nico’s Aurora and Vittoria prospects to prepare them for drill testing. Over the past year, it has brought Nico’s Resolution target to drill-ready status — a 2 km long trend where channel

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EXPLORATION PROJECTS TO WATCH

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Mirasol explores in Argentina, Chile MIRASOL From 9

Drillers at work on Mirasol Resources’ La Curva gold project in Santa Cruz, Argentina, which is under a joint-venture agreement with OceanaGold. MIRASOL RESOURCES

Argentina is experiencing an economic crisis that has seen its currency fall to half the value it had a year ago. Inflation has also risen to 45.5% in October 2018 from 25.4% in January 2018. “I’ve personally worked in Argentina now for 25 to 30 years, and, unfortunately, Argentina goes through these high inflation periods, but they never at any stage impacted our ability to explore or discover or operate in that country,” Nano says. “The perception of what’s happening in Argentina is probably much more significant than the reality of it for us at the moment.” Nano says the company has seen a surge of interest in its Argentina projects, from first-tier precious metals producers all the way to juniors, as well as from companies’ operating mines in Argentina to those that aren’t, but want to get in. “The financial issues Argentina as a country is facing aren’t impacting us at any level negatively,” Nano says, “and in fact are probably creating opportunities for us at this stage, because these companies are

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“THE COMPANIES THAT DIDN’T BLOW UP THEIR BALANCE SHEETS WITH POOR INVESTMENTS DURING THE LAST BOOM HAVE BEEN MAKING REALLY GOOD MARGINS AND HAVE GOT THE MONEY TO SPEND ON EXPLORATION AGAIN.” STEPHEN NANO PRESIDENT AND CEO, MIRASOL RESOURCES

saying this is the time to come in and secure good projects.” Still, Nano says Mirasol tries to balance Argentina’s financial risk with its Chilean portfolio. It intends to spend $1 million on early-stage exploration at its projects in the Chilean Miocene-Pliocene belt. “The desire to do more deals with us on our project portfolio is stronger now than I’ve ever seen before,” Nano says. “The companies that didn’t blow up their balance sheets with poor investments during the last boom have been making really good margins and have got the money to spend on exploration again, but none of them were spending on exploration over the last five or six years, so they had no project pipelines.” Newcrest Mining (ASX: NCM; US-OTC: NCMGY) will spend $4.3 million exploring Mirasol’s Altazor gold project in northern Chile. It starts late this quarter with a surface-exploration program. It intends to follow up with an initial drill program targeted for 2019’s second quarter, permits pending. Newcrest can earn up to 80% of Altazor. Hochschild Mining (LON: HOC; US-OTC: HCHDF) will spend $1 million over a year and a half at Mirasol’s Indra precious metal project in northern Chile. It has committed $370,000 to a December 2018 surface-exploration program that will define targets for 2019 drilling. Hochschild can earn up to 75% of the project. OceanaGold (TSX: OGC; USOTC: OCANF) will spend $1.6 million this year at the Claudia and La Curva precious metal joint ventures in Santa Cruz, Argentina. The spending includes a 3,000-metre drill program already underway at La Curva. It can acquire up to 75% at both La Curva and Claudia. “There’s a small pool of projects for these companies to joint venture into, and Mirasol stands with a big bag of projects,” Nano says. “We have really good ones in highly prospective belts and places where you can still turn discoveries into mines.” Shares of Mirasol are trading at $1.18, in a 52-week range of 99¢ to $2.60. The company has a $74-million market capitalization. With $24 million in cash, Nano says the company doesn’t need to go to the market and raise funds. “We’re balancing our business risk by using that project generator model to take on these really large-scale districts, and now, very judiciously, selecting some of our high-probability discovery projects that are near mine infrastructure to drill ourselves,” Nano says. “It’s a balanced and well-thoughtout strategy, and it’s designed to bring that potential for discovery forward to our shareholders much faster than relying on joint ventures alone.” TNM

10/30/2018 9:49:12 AM

2018-12-04 9:26 PM

EXPLORATION PROJECTS TO WATCH

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–23, 2018

EXPLORATION SNAPSHOT

Eight companies looking for precious and base metals While prices for most precious and base metals have been subdued throughout 2018, there has nevertheless been a high level of mineral exploration around the world, as companies seek to fill the project pipeline before the next uptick in commodity prices. Here is a look at eight such companies and projects.

contained ounces near 10 million oz. gold, on a 100% basis. Iamgold acquired the project through its friendly takeover of Trelawney Mining and Exploration in 2012, and Japan’s Sumitomo subsequently acquired a 27.75% interest. PROBE METALS

ATON RESOURCES

Toronto-based Probe Metals (TSXV: PRB; US-OTC: PROBF) led by president and CEO David Palmer and chairman Jamie Sokalsky — a former president and CEO of Barrick Gold, with Probe Metals having been formed as a spinoff after Probe Mines Ltd. was bought by Goldcorp in 2015. Goldcorp still owns a 13.7% stake in the Torontobased junior.

Vancouver-based, Mark Campbellled Aton Resources (TSXV: AAN; US-OTC: ANLBF) is exploring for gold in Egypt at its Abu Marawat concession in the Arabian–Nubian shield, which Aton calls “one of the world’s last gold mining frontiers with district-scale potential.” The Abu Marawat concession spans over 738 sq. km and contains the Hamama and Abu Marawat deposits, plus the recently discovered Rodruin exploration project — all in an area that Aton says has “excellent” infrastructure, and is only 200 km north of Centamin’s large Sukari gold mine. Aton aims to expand resources at the Hamama and Abu Marawat deposits, continue its drill program at Rodruin, and carry out a regional target-identification program. It hopes to convert its exploration permit to an exploitation permit in 2019. In November, Aton borrowed $1 million from its shareholder Ou Moonrider, and granted it bonus warrants. FORTUNE MINERALS Fortune Minerals (TSX: FT; US-OTC: FTMDF) is pushing forward with its vertically integrated Nico cobaltgold-bismuth-copper project. The original Nico concept would see a mine and mill in the Northwest Territories that produces a bulk concentrate for shipment to a refinery, which the company may build in Saskatchewan. Fortune says the products at the refinery would include cobalt chemicals for high-performance, rechargeable batteries and bismuth metals and chemicals, as well as gold. However, in June Fortune said it had been approached by several global mining and refining companies interested in buying metal concentrates from the mine. If the junior goes this route, it says it could “defer the Saskatchewan refinery, reducing upfront capital by about 50%, and mitigating risks in commissioning and downstream processing.” Fortune says it is adjusting its Nico project engineering designs to allow flexibility to accommodate all of its downstream process options. In October, the federal and territorial governments accepted the environmental assessment approval for the Tlicho all-season road incorporating the modified measures developed with the Tlicho government through the “consult to modify” process with the Mackenzie Valley Environmental Impact Review Board. The Tlicho government also approved the board’s recommendation, with modifications.

1-16_DEC10_Main .indd 11

A soil sampler at Sun Metals’ Stardust project in British Columbia. SUN METALS GLENCORE Glencore (LON: GLEN; US-OTC: GLNCY) has launched a $1-billion development program at its Craig nickel mine, which is part of the supermajor’s Sudbury Integrated Nickel Operations (Sudbury INO) division in Sudbury, Ontario. Named the Onaping Depth project, the mine expansion is designed to reach ore zones located 2,500 metres below surface, and is critical to the long-term sustainability of Sudbury INO’s operations in the Sudbury basin. Cementation Canada Inc. has been awarded the main contract to design and build the new internal underground shaft for the Onaping Depth project, with production from the new zones expected to begin in 2023 and go fully online by 2025. The 7.2-metre-diameter production shaft will be sunk from the 4,025 level of the Craig mine and measures 1.5 km horizontally from the Craig shaft. Cementation will engineer and build the hoistrooms and underground headframe, and is widening a 3-metre-diameter raise bore as a pilot raise for part of the final shaft excavation and construction. Glencore’s Sudbury INO employs 1,300 permanent employees engaged in exploration and other activities that include the Fraser mine, Nickel Rim South mine, Strathcona mill and Sudbury smelter. The company and its precursors have been mining nickel-copper ores in Sudbury since 1928, with facilities spread throughout the 60 km long Sudbury basin. Nickel and copper are the primary metals, but cobalt and precious metals, such as gold, silver, platinum and palladium, are also produced. IAMGOLD Iamgold’s (TSX: IMG; NYSE: IAG) 64.8%-owned Côté gold project is located 20 km southwest of Gogama in Ontario’s Sudbury district, and is the subject of a newly completed feasibility study. As a base case, Côté now has a projected mine life of 16 years with mill throughput of 36,000 tonnes per day, at average annual production of 367,000 oz. gold and average annual production of 428,000 oz. gold over the first 12 years.

The average head grade would be 0.98 gram gold per tonne; total cash costs, US$594 per oz.; and all-in sustaining costs, US$694 per oz. gold. The after-tax net present value is US$795 million at a 5% discount rate and US$1,250 per oz. gold price. The after-tax internal rate of return is an estimated 15.2%, with a 4.4-year payback period. Initial capital expenses are pegged at US$1.15 billion. The feasibility study already includes plans for a two-year mine life extension. Proven and probable reserves on a 100% basis for the base case have risen to 203 million proven and probable tonnes grading 0.98 gram gold per tonne for 6.4 million contained oz. gold. Adding resources and the mine extension pushes the total number of

Probe is exploring for gold in Quebec’s Abitibi region, with its flagship being the Val-d’Or East gold project outside the city of Val-d’Or. Combining open-pit and some underground material, total indicated resources at Val-d’Or East stand at 9 million indicated tonnes grading 2.35 grams gold per tonne for 682,400 oz. gold, plus 9.3 million inferred tonnes at 2.41 grams gold for another 722,100 oz. gold. Probe’s exploration budget for 2018 was $12 million, with plans for 85,000 metres of drilling for resource expansion and discoveries, plus engineering studies, environmental baseline studies and regional target generation. Last year’s drilling campaign totalled 83,000 metres. In November, Probe said it had made “numerous new discoveries surrounding the past-producing

Bussiere mine” located 1.5 km west of its Pascalis gold trend, including a near-surface discovery grading 3.3 grams gold per tonne over 11 metres within a larger zone of 2 grams gold over 22.4 metres, located 200 metres west of the Bussiere mine. SUN METALS Vancouver-based Sun Metals (TSXV: SUNM; US-OTC: SMTTF) is advancing its flagship Stardust copper-zinc-gold-silver project in north-central British Columbia. Sun Metals describes Stardust as a “high-grade, polymetallic, carbonate-replacement deposit with a rich history,” with the deposit’s Canyon Creek copper-gold skarn zone being the subject of a 2018 resource estimate. Indicated resources at Canyon Creek stand at 985,000 tonnes grading 1.34% copper, 0.62% zinc, 1.59 grams gold per tonne and 36.8 grams silver per tonne, or 2.92% copper equivalent. Another 2 million tonnes at slightly lower grades lie in the inferred category. From diamond drill hole 18-421, drilled more recently at Stardust, Sun Metals cut a 100-metre intersection grading 2.51% copper, 3.03 grams gold and 52.5 grams silver for a 4.99% copper equivalent. Pursuant to an option agreement between Sun Metals and Lorraine Copper Corp., Sun Metals has an option to earn a 100% interest in the Stardust project by making annual installments of Sun Metals common share and cash payments. Sun Metals must also spend $6 million before 2022.

See SNAPSHOT / 14

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2018-12-04 9:26 PM

EXPLORATION PROJECTS TO WATCH

DECEMBER 10–23, 2018 / THE NORTHERN MINER

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A drill site in mid-2018 at the Nuvuyak zone on Sabina Gold & Silver’s Back River gold project in Nunavut. SABINA GOLD & SILVER

Sabina hits more gold at Back River SABINA From 9

which is largely underexplored, the company says. “What is most exciting about Nuvuyak, our newest discovery, is that we believe that it shows the potential of interconnectivity between the Goose and Umwelt targets,” says Bruce McLeod, Sabina’s president and CEO, in an interview during a break in a marketing tour in Europe. “It has always been a geologic theory, but now at least there is some indicative evidence that it could exist. It’s too early to say that for certain, but it gives us more information and data to take something from concept to

plausibility.” Sabina’s mid-year exploration program also found mineralization 15 km northwest of the Goose Main deposit, called “Boulder.” The geology at Boulder is similar to other prospective locations throughout the Back River district, with extensive, poly-deformed oxide iron formation, which hosts gold mineralization in the district. Exploration at Boulder focused on a more than 1.6 km trend of underexplored, folded-iron formation that had anomalous gold-intill signatures. The best intercepts include 7.9 metres of 2.41 grams gold from 135 metres downhole,

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with 11.46 grams over 0.95 metre in hole 18BRP46, and 1.63 grams gold over 1 metre in hole 18BRP47, from 107 metres downhole. “We’re very encouraged by the results from our Boulder property targets, because they further demonstrate the district potential of the belt,” McLeod says. “Usually a fullblown discovery takes us five to 10 holes to vector in, so we will keep working this target, but we’re pretty encouraged by early-stage results.” Back River’s deposits, 520 km northeast of Yellowknife in the Northwest Territories, and 75 km southwest of Bathurst Inlet, consist of Goose Main, Echo, Llama, Umwelt and George. All of the deposits, with the exception of George, are located within a 2.5 km radius of each other. The George deposit, which is 50 km away, was not included in the feasibility study. The mine pla n out lined in the feasibility study, based on a 3,000-tonne-per-day scenario, describes a combination of open-pit and underground mining. Over the mine life, 72% of all production would come from the pits, with no underground production scheduled until year three, after payback. Open-pit mining would begin in the Umwelt pit and transition sequentially to the Llama and Goose Main open pits. Underground ore production would begin at Umwelt. The feasibility study is based on a October 2014 resource estimate of 28.2 million measured and indicated tonnes grading 5.87 grams gold for 5.33 million contained oz. gold and 7.75 million inferred tonnes grading 7.43 grams gold for 1.85 million contained oz. gold. The project dates back over 30 years from the first discovery, named Goose Main. Goose was found in the late 1980s, and after Sabina acquired the Back River project in 2009, the Llama, Umwelt and Echo deposits were discovered. “In our current mine plan at Goose — at 6 grams gold per tonne — we believe our pits are the highestgrade, undeveloped open pits in the world,” McLeod says. “If you look at our discoveries in the last three years, the Vault — which is

A camp on the Back River property. SABINA GOLD & SILVER

a portion of the Umwelt underground, Llama Deep and Nuvuyak — they are already all high grade, and realistically, all of them have components that are over 10 grams per tonne. What we’re seeing at depth are truly spectacular grades and widths, so we’re really excited about the potential.” Initial capital expenses to build Back River is estimated in the 2015 feasibility study at $415 million. Using a base case gold price of US$1,150 per oz., the could project deliver a 24.2% after-tax internal rate of return and a $480-million net present value, with payback in just under three years. Rather than spend time and

money updating its 2014 resource estimate for Back River, Sabina is concentrating on exploration, building infrastructure and logistics. In September the company completed earthworks for the marine area, which includes an airstrip and laydown pads. In November the Nunavut Water Board granted Sabina a Type A water licence needed for construction and operation activities at Back River. The next step will include moving equipment to Back River along the ice road for site construction next year. “We’re through the environmental assessment process. We have our agreements with the Kitikmeot

2018-12-04 9:26 PM

EXPLORATION PROJECTS TO WATCH

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–23, 2018

“USUALLY A FULL-BLOWN DISCOVERY TAKES US FIVE TO 10 HOLES TO VECTOR IN, SO WE WILL KEEP WORKING THIS TARGET, BUT WE’RE PRETTY ENCOURAGED BY EARLY-STAGE RESULTS.” BRUCE MCLEOD PRESIDENT AND CEO, SABINA GOLD & SILVER

Inuit Association — our social licence — and we’ve started to do some infrastructure improvements,” McLeod says. “We’ve built our port and completed our initial sea lifts, bringing fuel equipment and supplies into Back River. Essentially, we’re shovel-ready.” Unfortunately, he adds, the market environment “truly isn’t rewarding these accomplishments,” and while the debt market is the strongest he’s seen it, the weak equity market means the company is better off de-risking the project. “The market is clearly not interested in building a mine at this point, so we will take a balanced approach. We will continue to derisk the project with prudent capital allocation, work on refining our project capital costs and engineering, and continue to explore. We believe this approach will poise us to be ready when the market turns, and we can make a production decision.” As for resource updates, it will be cheaper for the company to define resource updates after more infrastructure has been built, he says. “The reality is, we’re drilling off on a pretty wide spacing, and for us to convert those to measured or indicated ... a new study would probably not be a good use of proceeds today,” McLeod reasons. “We

1-16_DEC10_Main .indd 13

already have 12 years of reserves, which is only 2.5 million oz. of our global resource, which is over 7 million ounces.” McLeod says there is significant growth potential on the belt. “I always joke and say I don’t need a corporate development team to grow. When we get this first mine up and running, our growth is going to come from the belt, so I need more geologists and more drills.” So far all the deposits at Back River are open, and McLeod says the prospects of Back River could become much larger than what has been found to date. “It’s only in frontiers like this that you can assemble a land package that you own 100%,” he says. “It is truly infrastructure and logistics that we will build and will enable us to develop other parts of this trend.” The company has $40 million in cash and equivalents. In addition to Back River, Sabina owns a silver royalty on Glencore’s (LON: GLEN) Hackett River project. The royalty has 22.5% of the first 190 million oz. produced and 12.5% of all silver produced thereafter. At press time, Sabina’s shares were trading at $1.42, in a 52-week range of $1.11 to $2.62 per share. The company has 264 million shares outstanding for a $388-million market capitalization. TNM

Nelson Takkiruq, of Gjoa Haven, Nunavut, at work this year at the Goose airstrip at Back River. SABINA GOLD & SILVER

2018-12-04 9:26 PM

WWW.NORTHERNMINER.COM

DECEMBER 10–23, 2018 / THE NORTHERN MINER

Delivering core boxes to a rig at Maple Gold Mines’ Douay gold property in Quebec. MAPLE GOLD MINES

Maple Gold Mines finds drilling success at Douay QUEBEC BY TRISH SAYWELL tsaywell@northernminer.com

aple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has completed its first drill campaign on its Douay gold project in Quebec since assembling a technical committee and exploration team a year ago. The company drilled 22,600 metres and extended mineralization within the deposit area, and discovered new gold zones. Nearly three-quarters of the drill program was within or near the known 6 by 1.8 km resource and focused on building on the core project area. The other 30% explored the 377 sq. km land package, probing greenfield targets with shallow, reverse-circulation drilling and tested targets with initial diamond drilling. The company plans to update the resource estimate in the first quarter of 2019, but for now, Douay’s indicated resource stands at 9.38 million tonnes grading 1.59 grams gold per tonne for 479,000 oz. gold. Inferred resources add 84.2 million tonnes at 1.02 grams gold for 2.75 million oz. gold. The estimate, last updated in February, uses a base case cut-off grade of 0.45 gram gold. The 2018 drill program consisted of 21,100 metres of diamond drilling from 52 holes, and another 1,500 metres from 57 shallow reversecirculation holes. The property strikes over 55 km along the Casa Berardi deformation zone, and much of the ground has seen little previous exploration work. During the winter drill program,

| Drill testing shows that geochemical surveying warrants more work

shallow drilling in the westernmost part of the property defined gold-intill anomalies in three areas, with nearby source areas supported by bedrock geochemistry anomalies, Friedrich Speidel, the company’s vice-president of exploration, told The Northern Miner via email. Diamond drill testing of several greenfield targets west and east of the resource area showed geochemistry anomalies that warrant more work, with the easternmost target (called “NE Syenite”) showing lithogeochemistry responses similar to those in the resource area, Speidel says. Within the resource area, the company drilled mainly in the Northwest Gap area and in the Porphyry zone, particularly in areas where drill density was low. This led to the discovery of mineralized zones, the most important of which was Nika. The Nika zone was found in an area that did not previously support a conceptual pit, Speidel says, noting that the best intercept in the zone was 18-28, which cut 50 metres of 1.77 grams gold per tonne. The zone is open up-dip and down-dip, and will be tested in Maple Gold’s early 2019 drill program. The company also cut higherthan-expected grade intervals in its Porphyry zone, with 52 metres of 3.53 grams gold in hole 18-216 and 21 metres of 3.49 grams gold in hole 18-247. Both holes had visible gold in late, irregular, glassy quartz veinlets, in contrast with the very fine-grained gold that characterizes mineralization throughout much of the property, Speidel says. Several

of the intercepts obtained in the Porphyry zone are open down-dip and down-plunge, and will be tested in future drill campaigns. The geologist notes that updated cross- and long-sections, level plans and a new 3-D geological model are being finalized. These show a steep, southwest plunge for higher-grade shoots within otherwise tabular mineralized envelopes, he says. In mid-year, Maple Gold Mines also completed mapping and sampling, which generated more geochemical target areas in the central third of the property. These will be followed up with extra geophysics in the coming months. “The greenfields work and commitment to property-wide exploration is all part of Maple Gold’s discovery model philosophy,” Speidel says, “which includes allocating an effective portion of exploration budgets towards making new discoveries across the company’s more than 350 sq. km property. “We are excited about further resource expansion potential at Douay,” he adds. “In addition, given the various deposit styles located within 30 km to the east and west of our property boundary and the limited historical exploration work completed within the greenfield areas at Douay, as well as the number of new targets we have been able to define in 2018, we believe the potential to discover new volcanogenic massive sulphides (VMS), intrusive-related and/or orogenicgold styles of mineralization across the property remains excellent.”

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1-16_DEC10_Main .indd 14

Most of the gold at Douay is associated with a syenite gold system that forms part of a 7 km long trend of mineralized zones. These zones are found within the central part of the project’s strike length, which stretches for 55 km along the Casa Berardi deformation zone. The intrusive-related mineralization style is also present at several other gold deposits that have been found in recent years, such as Canadian Malartic, now owned by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY), 157 km south of Douay; Osisko Mining’s (TSX: OSK) Windfall project, between Val-d’Or and Chibougamau in the Abitibi region of Quebec; and Alamos Gold’s (TSX: AGI; NYSE: AGI) Young-Davidson mine, 60 km west of Kirkland Lake in northern Ontario. Douay is 81 km east of Hecla Mining’s (NYSE: HL) Casa Berardi gold mine and 123 km southeast of Detour Gold’s (TSX: DGC) Detour Lake gold mine.

The gold project is also 50 km north of the past-producing Sleeping Giant mine, an orogenic gold deposit, and 66 km south of Selbaie, a VMS deposit. Speidel notes that the company’s new sets of cross- and long-sections, level plans and a 3-D model will help target mineralized zone extensions and test new ones. The exploration team already has a list of high-priority drill targets and the permitting process has started. Budgets and definitive drill plans will be finalized later in December. Matthew Hornor, Maple Gold Mines’ president and CEO, noted that in addition to working on updating a resource early next year, the company is also “exploring potential partnerships with major gold miners, as the industry enters another mergers and acquisitions cycle.” At press time, Maple Gold Mines’ shares were trading at 9.5¢ in a 52-week range of 9¢ to 34¢. It has 208.5-million common shares outstanding for a $18.7-million market capitalization. TNM

EXPLORATION SNAPSHOT SNAPSHOT From 11 TRIUMPH GOLD Triumph Gold’s (TSXV: TIG; USOTC: TIGCF) Freegold Mountain project is located in the Yukon’s Dawson Range, and covers what Triumph calls a “highly prospective section of the Big Creek fault zone” that hosts three deposits: the Nucleus gold-silvercopper deposit, the Revenue copper-gold-moly-silver deposit and the Tinta Hill polymetallic vein system, plus other gold showings. In November, Triumph reported high-grade results from a 21-hole, 4,200-metre diamond drilling at Nucleus that included highlights of 19.8 grams gold per tonne over 0.84 metre from 40 metres in hole in 18-06; 15.93 grams gold over 1 metre from 150 metres in hole 18-17; 13.67 grams gold over 1.67 metres from 29 metres in hole 1804; and 9.13 grams gold from 106 metres over 2 metres from 106 metres in hole N18-16. Triumph Gold has contracted consultants SIM Geological Inc. to update the resource estimates for the Nucleus, Revenue and Tinta deposits, to be completed in 2019. Triumph says its 2018 drill program at Nucleus was designed to optimize a future pitconstrained estimate of mineral resources by targeting near-

surface mineralized areas that had insufficient drill density to support estimates of mineral resources, near-surface mineralized areas where additional delineation drilling could facilitate upgrading of inferred resources to an indicated category, and areas prospective for high-grade mineralization. WESTHAVEN VENTURES Vancouver-based junior Westhaven Ventures (TSXV: WHN; US-OTC: WTHVF) is exploring for gold in southern B.C.’s Spences Bridge gold belt, located south and southwest of the Highland Valley copper-molybdenum mine. There, Westhaven has accumulated a 350 sq. km land package comprised of four properties in what it calls an “underexplored gold belt with district-scale potential” that is close to major highways. Westhaven has an experienced management team and board, headlined by Diavik discoverer Grenville Thomas serving as chairman. Management holds 40% of outstanding shares. Within its land package, the company recently made a highgrade discovery at its Shovelnose property. A 2,500-metre, follow-up drill program has begun. TNM

2018-12-04 9:26 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–23, 2018

Marathon hits more high-grade intercepts in Newfoundland DRILLING

| Junior plans to upgrade resources ahead of 2019 feasibility study

BY TRISH SAYWELL

tsaywell@northernminer.com

nfill drilling in the southwestern part of the Marathon gold deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports. The company recently completed its 41,000-metre stepout and infill drill program for 2018, and assays include 5.36 grams gold over 11 metres from 26 metres below surface in hole 18-330; 3.63 grams gold over 10 metres from 134 metres downhole in 18-323; and 18.40 grams gold over 6 metres from 99 metres downhole in 18-334. Marathon says its 2018 drill program has allowed it to upgrade inferred resources to the measured and indicated categories and find high-grade gold zones to drill within the pit shells. Next year, drilling will aim to expand open-pit resources at the Marathon deposit and the Sprite Zone, and lower the amount of inferred resources in the pit shells. “Our job ahead is now to convert the important blocks of inferred in the pits into measured and indicated, and that’s what we’ll focus on next year, because we can’t use inferred in a preliminary feasibility study, and our plan is to get the preliminary feasibility study out at around the end of the third quarter in 2019,” Phillip Walford, Marathon’s president and CEO, tells The Northern Miner. Marathon’s Valentine Lake gold camp has four known, near-surface, mainly pit-constrained deposits with measured and indicated resources of 45.2 million tonnes grading 1.85 grams gold per tonne for 2.69 million contained oz. gold, and another 26.9 million inferred tonnes grading 1.77 grams gold per tonne for 1.53 million oz. gold. Most resources are in the Marathon and Leprechaun deposits — which also contain resources below their pit shells — and both are open to depth and on strike. Gold mineralization has been traced over 350 metres vertically at Leprechaun and almost a kilometre at Marathon. The four deposits found to date occur over a 20 km system of goldbearing veins, and the company notes that there has been little detailed exploration on its 240 sq. km property. In a revised preliminary economic assessment (PEA) released at the end of October, Marathon incorporated another 20,000 metres the company drilled since the first PEA was released in May. The updated PEA also benefitted from 9,000 more metallic screen assays, which were used to measure the coarse gold that is common on the property. The latest mine development plan excludes the Sprite deposit, which needs more exploration drilling to increase its resource. The new study outlined a 12.2year mine life, up from the previous PEA’s 10.2 years, with average annual production of 225,100 oz. gold a year, up from the earlier study’s 188,500 oz. gold a year. Recovered ounces grew to 2.72 million oz. from 1.90 million oz. gold. Average cash costs over the mine life increased to US$603 per oz. from US$557 per oz., while all-in sustaining costs rose to US$666

1-16_DEC10_Main .indd 15

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

per oz. from US$595 per oz. gold. Despite the cost increases, the project’s after-tax internal rate of return rose to 30% from 25%, and its after-tax net present value at a 5% discount rate increased to US$493 million from US$367 million. Initial capital expenses fell from US$380 million to US$355 million, and the after-tax payback period dropped from 2.8 years to 2.5 years. Both studies used a gold price of US$1,250 per oz. and envisioned developing the Valentine Lake gold camp by open-pit mining, with gold recovery combining a milling circuit and heap leaching. Gravity and flotation circuits would help leach the concentrate and tails. Initial production could start in 2022. “We’re getting a really respectable profile and we’re throwing off more gold,” Walford says of

the latest PEA. “This is the largest gold project in Newfoundland and Labrador. It’s also the largest gold resource in Atlantic Canada, and when I looked at the different resources for pure gold projects in Canada and the U.S., we’re right up there as far as open-pits go — we’re in the top ten.” Walford also says the Marathon deposit could host an underground mine, but for now management says it’s more cost-effective to find open-pit resources at US$10 per ounce. “Who else in this industry is finding gold at US$10 per ounce? “We’ve on ly d ri l led u nder 250,000 metres and we have 4 million oz. gold — I don’t think there are too many people who can say that with that much drilling. We worked it out for fun and for every metre we drill we find 19 oz. of resource. How can you

beat that?” Walford notes that he hasn’t really pushed the project but now has no qualms about singing its praises. “We haven’t been too good on promoting ourselves because we really wanted to make sure that when the time is right to shout about it, we’ve got something to shout about, and I think we’ve got something to shout about now. “I have no problem tel l i ng people that it’s a great project in a great province that’s been very helpful to us,” he continues. “They recognize the importance of the project to the island. The attitude is very positive, and unlike some other provinces I’ve worked in, it’s very refreshing. They want us t here, t hey understand the economic benefits of mining and they understand too that they’re going to benefit

Newly Discovered Zone in the Golden Triangle Aben Resources Ltd. (TSX-V: ABN) is a publicly traded Canadian GOLD exploration company with significant projects in BRITISH COLUMBIA, SASKATCHEWAN and the YUKON.

— that the province is going to benefit as well.” Walford also points out that the project has good infrastructure. “We can drive to it, power is not too far away, and there’s a workforce that wants to stay on the island and work for us,” he says. “This is the kind of deposit like Borden Lake or Kaminak — this is the kind of scale it is,” he says. “We’re just under the radar, people don’t get it, and that’s what we have to work on — getting the idea out that this is a major project with good economics, and lots of upside still.” Marathon Gold’s shares trade at 69¢ within a 52-week range of 65¢ to $1.28. The company has 160 million common shares outstanding for a $113-million market capitalization. At the end of September, Marathon had $5 million in the bank. TNM

• Flagship Forrest Kerr Project located in BC’s Golden Triangle. • Justin Project located adjacent to Golden Predator’s Project, Yukon. • Chico Project located south of Seabee/Santoy mine, Saskatchewan.

Ph: (604) 639-3851 | Em: info@abenresources.com TSX-V: ABN | OTCQB: ABNAF Web: www.abenresources.com

2018-12-04 9:27 PM

WWW.NORTHERNMINER.COM

DECEMBER 10–23, 2018 / THE NORTHERN MINER

Lithium Americas’ Thacker Pass lithium property, 100 km northwest of the mining town of Winnemucca, Nevada. LITHIUM AMERICAS

Fortuna’s Lindero on track for production in Q3 2019 ARGENTINA

BY TRISH SAYWELL

tsaywell@northernminer.com

onstruction is accelerating at Fortuna Silver Mines’ (TSX: FVI; NYSE: FSM) Lindero project in northern Argentina, and commercial production is planned to start by September 2019, the company says. “The project has gained significant momentum,” Jorge Ganoza, Fortuna’s president and CEO, told analysts and investors on a conference call for its third-quarter results. Fortuna decided to build the open-pit, heap-leach gold mine in Salta province after completing a feasibility study in September 2017. The company recently estimated that project expenses in 2018 would total between US$110 million and US$130 million. Initial capital expense (capex) estimates of US$239 million have been revised. In August, the company increased its capex forecast for the development gold project by 10 to 17%. Some of the increase will be offset by the devaluation of the Argentine peso against the dollar, which has

| Revised capex comes in at US$350M for construction

“UP TO THE THIRD QUARTER WE HAVE CAPTURED GAINS DUE TO EXCHANGE RATES AGAINST OUR ORIGINAL BUDGET OF CLOSE TO US$7 MILLION, AND WE EXPECT TO CONTINUE TO SEE GAINS AGAINST OUR BUDGET.” JORGE GANOZA PRESIDENT AND CEO, FORTUNA SILVER MINES

not been included in cost forecasts. “Up to the third quarter, we have captured gains due to exchange rates against our original budget of close to US$7 million, and we expect to continue to see gains against our budget,” Ganoza said. “Contractors were awarded with pesos in the range of 17 pesos to the dollar, so yes, we’re benefitting right now from that. We are forecasting zero to 14% higher capital costs for Lindero, but that will be offset by exchange rate gains.” L i ndero i s de sig ne d a s a n 18,750-tonne-per-day, owner-operated open-pit mine, with a 13-year pit life based on existing reserves.

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1-16_DEC10_Main .indd 16

The feasibility study outlined an after-tax net present value of US$130 million at a 5% discount rate, and an 18% post-tax internal rate of return at a base case of US$1,250 per oz. gold. All-in sustaining costs (AISCs) are an expected US$802 per oz. gold. A life-of-mine, 0.62-gram-gold-pertonne head grade could come with a 75% life-of-mine recovery. In addition to the Lindero project, Fortuna Silver’s primary assets include the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. For the third quarter, the company reported a US$6.9-million net income and 4¢ earnings per share, based on revenues of US$59.6 million, despite a 12% and 5% decrease in silver and gold prices. “In spite of having the lowest average quarterly silver price for three years, our business results show robust margins of 41%,” Ganoza said. Net cash provided by operations came in at US$21.5 million, and adjusted earnings before interest, taxes, depreciation and amortization were US$24.2 million. Excluding Lindero capex, Fortuna generated US$13.6 million in free cash flow during the quarter and US$42.2 million for the first nine months.

Trucks at the Lindero project. FORTUNA SILVER MINES

Production totalled 2.23 million oz. silver and 12,542 oz. gold, compared with 2.01 million oz. silver and 13,412 oz. gold in the comparable quarter in 2017. San Jose produced 1.99 million oz. silver and 12,387 oz. gold, while Caylloma produced 239,253 oz. silver, 7.6 million lb. lead and 11.5 million lb. zinc. AISCs for the quarter were US$10.8 per equivalent oz. silver. At the end of September, Fortuna had US$177 million in cash and equivalents. Ganoza says management is ex-

cited about the exploration potential at Lindero and elsewhere in Salta, where the company has assembled a portfolio of early-stage projects. “We are exploring the porphyry system within 3 km of Lindero, and we have expectations of coming up with a satellite deposit,” Ganoza said. At press time, Fortuna’s shares were trading at $4.70 per share in a 52-week trading range of $4.60 to $7.78. Ryan Thompson of BMO Capital Markets has an $8-per-share price target. TNM

2018-12-04 9:27 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 10–24, 2018

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2018-12-04 1:18 PM

WWW.NORTHERNMINER.COM

DECEMBER 10–23, 2018 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / NOVEMBER 26–30 Canada’s benchmark index rose 1.24% to end the trading week at 12,197.82. The S&P/ TSX Global Mining Index fell 0.19% to 62.58 and the S&P/TSX Global Gold Index fell 1.4% to 164.34. The gold price fell 0.01% to US$1,222.10. Shares of Moneta Porcupine Mines rose 27% to 12¢. The company recently modelled a geological interpretation for its Golden Highway gold project near Timmins, Ontario. The model includes 58 vein structures across six zones that the company intends to incorporate into an early 2019 Golden Highway resource update. According to a 2012 estimate, Golden Highway contains 31 million indicated tonnes grading 1.09 grams gold for 1.09 million oz. gold and 83 million inferred tonnes at 1.2 grams gold for 3.2 million oz. gold. Shares of Endeavour Mining fell $1.85 to $16.56, despite positive news out of the company’s Houndé gold mine in Burkina Faso, where it increased indicated resources 40% at the Kari Pump target. Kari Pump now has 11.3 million indicated tonnes grading 2.71 grams gold for 987,000 oz. gold. It also has 200,000 inferred tonnes at 2.21 grams gold for 20,000 oz. gold. The company has upgraded 98% of the Kari Pump maiden resource to the indicated category. Kari Pump boosts the overall Houndé resource to 48.7 measured and

indicated tonnes grading 2.2 grams gold for 3.44 million oz. gold. Kari Pump is located 7 km west of the Houndé processing plant. It is part of the larger Kari gold-in-soil anomaly, which covers a 6 by 2.5 km area. The company has drilled more than 200,000 metres at Kari over the past year and a half in an area that covers only 35% of the total anomaly. The company focused 71,000 metres at Kari Pump, discovering gold at $9 per ounce. Lundin Mining shares rose 35¢ to $5.79. The company recently outlined its production and financial guidance for 2019 to 2021. The company could produce as much as 218,000 tonnes copper in 2019, 246,000 tonnes copper in 2020 and 251,000 tonnes copper in 2021. Its copper production profile TSX MOST ACTIVE ISSUES

Suncor Energy Largo Res Kinross Gold Barrick Gold Nevsun Res First Quantum B2Gold Goldcorp Royal Nickel Lundin Mng

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

SU LGO K ABX NSU FM BTO G RNX LUN

19887 43.98 42.73 42.84 - 0.21 19858 3.69 2.75 3.66 + 0.06 15740 3.77 3.34 3.60 + 0.04 15570 17.72 16.77 16.93 - 0.47 15141 5.98 5.95 5.95 unch 0.00 13437 12.93 11.15 12.20 + 0.40 12973 3.60 3.24 3.27 - 0.32 12640 12.93 12.17 12.32 - 0.26 12431 0.59 0.48 0.54 + 0.01 11904 5.87 5.12 5.79 + 0.35

is largely fuelled by its Candelaria coppermining complex in Chile. The company recently extended Candelaria’s mine life to 2040, increasing the mine’s total copper production by 31%, or 740,000 tonnes. Lundin expects Candelaria will average 180,000 tonnes copper per year over the next 10 years. Cash costs at Candelaria will average $1.60 per lb. copper. The company predicts it will produce as

much as 157,000 tonnes zinc in 2019, 210,000 tonnes zine in 2020 and 241,000 tonnes zinc in 2021. Zinc production will come mostly from its Neves-Corvo zinc mine in Portugal, where the company is building its zinc-expansion project. Lundin says the mine will produce as much as 75,000 tonnes zinc in 2018, but average 150,000 tonnes zinc per year over the next 10 years, after the company has finished expansion. TNM

TSX GREATEST PERCENTAGE CHANGE

CMC Metals Stroud Res Northern Uran Westkam Gold Baroyeca Go&Si Superior Mng Gray Rock Res Clydesdale Res Sojourn Explor Karoo Expl Worldwide Res Adex Mining Nevado Res Algold Res Vangold Res Vision Lithium Gainey Capital Scorpio Gold Diamond Fields Alto Ventures

CMB SDR UNO WKG BGS SUI.H GRK CEO.H SOJ AHE WR.H ADE VDO.H ALG VAN VLI GNC SGN DFR ATV

631 50 106 121 35 258 291 178 367 715 28 304 2502 141 1206 1738 379 313 4 1239

0.09 0.01 0.01 0.01 0.02 0.10 0.10 0.05 0.19 0.11 0.07 0.02 0.01 0.90 0.02 0.14 0.07 0.02 0.07 0.03

0.05 0.01 0.01 0.01 0.02 0.06 0.06 0.02 0.12 0.07 0.03 0.00 0.01 0.45 0.02 0.08 0.05 0.01 0.00 0.02

0.09 0.01 0.01 0.01 0.02 0.10 0.10 0.03 0.19 0.11 0.03 0.01 0.01 0.48 0.02 0.09 0.05 0.01 0.07 0.02

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Kirkland Lake Franco-Nevada Nutrien Torex Gold Teck Res First Quantum Teck Res Golden Star Lundin Mng TMAC Resources Labrador Iron Endeavour Mng Agnico Eagle Pretium Res Caledonia Mng Anglo Pac Grp North Am Pall SSR Mining Barrick Gold First Majestic

+ 100.0 + 100.0 + 100.0 + 100.0 + 100.0 + 72.7 + 66.7 + 66.7 + 65.2 + 61.5 - 53.8 - 50.0 - 50.0 - 46.7 - 40.0 - 39.3 - 35.7 - 33.3 - 33.3 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

KL FNV NTR TXG TECK.B FM TECK.A GSC LUN TMR LIF EDV AEM PVG CAL APY PDL SSRM ABX FR

3105 27.54 2716 92.00 7797 68.44 1898 10.43 8846 26.91 13437 12.20 10 26.99 282 3.96 11904 5.79 263 6.05 2065 26.59 942 16.56 3585 46.73 2179 9.45 20 7.41 4 2.15 42 11.00 1031 14.10 15570 16.93 3410 6.38

+ 1.71 + 0.82 + 0.65 + 0.55 + 0.46 + 0.40 + 0.38 + 0.38 + 0.35 + 0.35 - 3.56 - 1.85 - 0.90 - 0.79 - 0.59 - 0.50 - 0.50 - 0.48 - 0.47 - 0.38

TSX VENTURE EXCHANGE / NOVEMBER 26–30 The S&P/TSX Venture Composite Index fell 2% to 589.52. It has been on a slow but steady decline since the start of 2018. Shares of SilverCrest Metals rose 28¢ to $3.27. Recently, SSR Mining agreed to invest $31 million into the company, buying more than 8 million shares at $3.73 per share. Earlier in the month SilverCrest announced some of its best drill-hole intercepts to date at its Las Chispas silver property in Sonora, Mexico. Hole 96 cut 14.4 grams gold and 2,132.4 grams silver over 10 metres from 200 metres downhole. The company also cut 33.06 grams gold and 2,092.1 grams silver over 3.5 metres from 307 metres downhole in hole 94 and 3.99 grams gold and 580.2 grams silver over 11.1 metres from 294 metres downhole, in hole 95. The results come from infill drilling at the project’s Babicanora vein, but were not included in the Las Chispas resource update SilverCrest tabled in September 2018. Las Chispas has 4.3 million inferred tonnes grading 3.68 grams gold and 347 grams silver for 511,500 oz. gold and 48.29 million oz. silver. Shares of Aurania Resources rose 25¢ to $2.65. The company recently found silver-zinclead mineralization in grab samples taken between its Tiria gold-silver target and its Jempe copper zone at its Lost Cities–Cutucu

project in Ecuador. The samples graded as high as 325 grams silver, 48% zinc and 39% lead. The company is calling the new target “Shimpia.” The company says it is focused on gold exploration, but says other commodities — copper in particular — could add value to the project at a minimal cost. Aurania will now explore the structural corridor that links the mineralized areas at Jempe, Shimpia and Tiria with ridge and spur soil sampling to refine targets for scout drilling in 2019. The company is waiting for the Ecuador government to approve its drill permits and appoint a new minister of the environment. Shares of Novo Resources fell 29¢ to $2.02. The company is using TOMRA Sorting to perform mechanical rock sorting on four, TSX-V MOST ACTIVE ISSUES

Sokoman Iron IDM Mining Teslin Rvr Res Leeta Gold Gratomic Alexandria Min Golden Ridge Rusoro Mng Great Atlantic Secova Mtls

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

SIC IDM SIM HIVE GRAT AZX GLDN RML GR SEK

8337 7439 7280 7023 6468 5621 5560 5473 5023 4552

0.21 0.06 0.57 0.37 0.16 0.03 0.15 0.22 0.10 0.06

0.16 0.06 0.48 0.27 0.13 0.02 0.09 0.15 0.06 0.04

0.20 + 0.06 + 0.50 + 0.30 - 0.14 unch 0.03 + 0.09 - 0.18 + 0.09 + 0.04 -

0.01 0.01 0.03 0.02 0.00 0.01 0.04 0.02 0.02 0.01

5-tonne bulk samples from its Comet Well gold project in Western Australia, which is part of its larger Karratha gold project. Karratha features nuggety gold that is hard to assay. The company crushed and screened the samples, and scanned them with X-ray transmission and electromagnetic induction technology. The X-ray scans found rocks that have particles with a high atomic

mass, like gold, while the electromagnetic scans found electrically charged particles. Novo will assay the ore to determine the effectiveness of the sorting. The company says the test results so far indicate the sorting technology could help it process ore from a future mine at Comet Well. The company says the tests are ongoing, and expects full results by early 2019. TNM

TSX-V GREATEST PERCENTAGE CHANGE

CMB SDR UNO WKG BGS SUI.H GRK CEO.H SOJ AHE WR.H ADE VDO.H ALG VAN VLI GNC SGN DFR ATV

631 50 106 121 35 258 291 178 367 715 28 304 2502 141 1206 1738 379 313 4 1239

0.09 0.01 0.01 0.01 0.02 0.10 0.10 0.05 0.19 0.11 0.07 0.02 0.01 0.90 0.02 0.14 0.07 0.02 0.07 0.03

0.05 0.01 0.01 0.01 0.02 0.06 0.06 0.02 0.12 0.07 0.03 0.00 0.01 0.45 0.02 0.08 0.05 0.01 0.00 0.02

0.09 0.01 0.01 0.01 0.02 0.10 0.10 0.03 0.19 0.11 0.03 0.01 0.01 0.48 0.02 0.09 0.05 0.01 0.07 0.02

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 100.0 + 100.0 + 100.0 + 100.0 + 100.0 + 72.7 + 66.7 + 66.7 + 65.2 + 61.5 - 53.8 - 50.0 - 50.0 - 46.7 - 40.0 - 39.3 - 35.7 - 33.3 - 33.3 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

SilverCrest Mt Till Capital Aurania Res Monitor Vent Metalore Res BonTerra Res Gold Reserve Unity Energy Garibaldi Res Lateral Gold Cobalt 27 Cap Algold Res GT Gold Novo Res Amador Gold Bear Creek Mng Great Bear Res Cantex Mn Dev Hut 8 Mining Aurion Res

SIL TIL ARU MVI.H MET BTR GRZ UTY GGI TRAK KBLT ALG GTT NVO MENE BCM GBR CD HUT AU

742 1 121 133 1 347 28 123 698 170 1653 141 4157 539 2618 211 929 141 242 144

3.27 2.22 2.65 0.79 2.01 3.09 3.00 0.50 1.17 0.40 4.70 0.48 0.79 2.02 0.62 1.10 2.59 0.61 1.85 0.90

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

0.28 0.26 0.25 0.20 0.20 0.19 0.17 0.15 0.12 0.11 0.56 0.42 0.32 0.29 0.23 0.20 0.18 0.18 0.17 0.15

U.S. MARKETS / NOVEMBER 26–30 U.S. markets surged in the trading week with a revised North American trade pact. The U.S.–Mexico–Canada (USMCA) agreement, signed on Nov. 30, replaces the 24-year-old North American Free Trade Agreement. The Dow Jones Industrial Average jumped 5.16% to 25,538.46 and the S&P 500 Index rose 4.85% to finish at 2,760.17. An upward guidance revision for its Fosterville mine in Australia propelled Kirkland Lake Gold’s shares to US$20.78, in an increase of US$1.23, or 6.3%. Kirkland Lake Gold says it expects production at Fosterville in 2018 will exceed 330,000 oz. gold, compared to its previous guidance of 300,000 to 310,000 oz. gold. Higher-than-planned grades are boosting production in 2018, the company said, and could impact both 2019 and 2020. “Strong results at Fosterville during fourthquarter 2018, as well as a solid performance from our Canadian operations to date in the quarter, are positioning us to end 2018 with total production for the full year exceeding our current target range of 655,000 to 670,000 ounces,” Tony Makuch, Kirkland Lake Gold’s president and CEO, said on Nov. 30. Shares of Cleveland-Cliffs were up 50¢ per

18_DEC10_MarketNews.indd 18

share, or 5.7% to US$9.28, on news of a sharerepurchase program. Under the program, the company can buy up to US$200-million worth of shares via acquisitions in the open market, or privately negotiated transactions — including through accelerated share repurchases — until Dec. 31, 2019. CEO Lourenco Goncalves noted that the “disconnect” between the company’s “strong profitability and the current volatility in the capital markets” has created “a highly accretive use of capital by buying back our own common shares.” Rio Tinto’s shares dropped US75¢ to US$46.76. The company approved a US$2.6U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Vale* VALE 134722 13.87 12.55 13.70 + 0.44 Freeport McMoR* FCX 97048 12.00 10.71 11.94 + 1.17 Barrick Gold* ABX 67511 13.42 12.59 12.75 - 0.34 Kinross Gold* KGC 60748 2.84 2.50 2.71 unch 0.00 United States S* X 58493 26.12 21.96 23.06 - 2.66 Cleveland-Clif* CLF 52467 9.49 8.43 9.28 + 0.50 Yamana Gold* AUY 42554 2.19 2.05 2.08 - 0.08 Goldcorp* GG 33713 9.80 9.13 9.28 - 0.14 Chevron Corp* CVX 33501 119.73 114.02 118.94 + 5.34 Newmont Mng* NEM 25460 33.13 31.60 32.34 - 0.12

billion investment in its Koodaideri iron ore mine in Western Australia, 35 km northwest of the company’s Yandicoogina mine, and 110 km from Newman, a town in the Pilbara region. Construction will start next year, with first production slated for late 2021. Once finished,

the mine will have an annual capacity of 43 million tonnes, underpinning production of Pilbara Blend, Rio Tinto’s flagship iron ore product. Koodaideri will “deliver a new production hub for Rio Tinto’s world-class iron ore business,” the company noted. TNM

U.S. GREATEST PERCENTAGE CHANGE

Trecora Res* TREC Freeport McMoR* FCX Kirkland Lake* KL Cleveland-Clif* CLF HudBay Mnls* HBM Chevron Corp* CVX Southern Copp* SCCO Natural Res Pt* NRP Tahoe Res* TAHO Black Hills* BKH Cloud Peak En* CLD United States S* X DRDGOLD* DRD Harmony Gold* HMY Pretium Res* PVG Mechel* MTL Hecla Mining* HL Eldorado Gold* EGO Sibanye-Stillw* SBGL First Majestic* AG

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

426 9.50 8.16 9.30 + 16.1 97048 12.00 10.71 11.94 + 10.9 4218 20.79 18.94 20.78 + 6.3 52467 9.49 8.43 9.28 + 5.7 4475 5.28 4.66 5.08 + 5.0 33501 119.73 114.02 118.94 + 4.7 5954 34.29 31.50 33.48 + 4.2 267 37.50 35.52 37.00 + 4.0 21116 3.56 3.32 3.51 + 3.8 1877 66.24 63.91 66.21 + 3.5 10052 1.06 0.69 0.84 - 19.5 58493 26.12 21.96 23.06 - 10.3 111 2.23 2.01 2.02 - 10.2 9457 1.63 1.49 1.50 - 8.0 6177 7.82 6.76 7.11 - 7.4 673 2.82 2.51 2.54 - 7.3 23881 2.63 2.34 2.38 - 6.7 15787 0.62 0.55 0.57 - 6.5 7238 2.66 2.40 2.44 - 6.2 15065 5.16 4.59 4.80 - 5.7

U.S. GREATEST VALUE CHANGE

Chevron Corp* CVX MartinMarietta* MLM Black Hills* BKH Natural Res Pt* NRP Southern Copp* SCCO Trecora Res* TREC Kirkland Lake* KL Freeport McMoR* FCX Mosaic* MOS Nutrien* NTR United States S* X Arch Coal* ARCH Agnico Eagle* AEM Rio Tinto* RIO CONSOL Energy* CEIX Pretium Res* PVG Alcoa* AA Suncor Energy* SU Barrick Gold* ABX First Majestic* AG

VOLUME WEEK (000s) CLOSE CHANGE

33501 118.94 4468 190.69 1877 66.21 267 37.00 5954 33.48 426 9.30 4218 20.78 97048 11.94 17896 36.00 6995 51.56 58493 23.06 1598 81.27 4973 35.12 16287 46.76 1456 34.36 6177 7.11 24409 31.81 23484 32.29 67511 12.75 15065 4.80

+ 5.34 + 3.99 + 2.21 + 1.41 + 1.36 + 1.29 + 1.23 + 1.17 + 1.00 + 0.93 - 2.66 - 0.85 - 0.82 - 0.75 - 0.69 - 0.57 - 0.50 - 0.39 - 0.34 - 0.29

2018-12-04 9:25 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / DECEMBER 10–23, 2018

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 TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES Tuesday, December 4, 2018 Precious Metals Price (US$/oz.) Gold $1240.30 Silver $14.55 Platinum $804.00 Palladium $1213.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, November 30, 2018 (change from November 23, 2018 in brackets): Aluminium Alloy 12560 (-100) Aluminium 1052450 (-14550) Copper 136175 (-3375) Lead 105200 (-2975) Nickel 213570 (-618) Tin 3000 (+95) Zinc 117550 (-4000)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$78.95 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.00 Cobalt: US$25.06/lb. Copper: US$2.86/lb. Copper: CME Group Futures Jan. 2019: US$2.75/lb.; Feb. 2019: US$2.76/lb Iridium: NY Dealer Mid-mkt US$1,480.00/tr oz. Iron Ore 62% Fe CFR China-S: US$66.20 Lead: US$0.89/lb. Lithium carbonate min 99.5% Li2CO3 battery grade, spot prices CIF China, Japan & Korea : US$13.00-15.15/kg Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot prices cif China, Japan & Korea : US$15-18/ kg Magnesium: n.a. Manganese Ore Index 37% Mn, cif Tianjin China: US$6.82 per dmtu of metal contained. Molybdenum Oxide: US$11.79/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,600.00 tr. oz. Ruthenium: Mid-mkt US$270.00/tr. oz. Silver: Handy & Harman Base: US$14.47 per oz.; Handy & Harman Fabricated: US$18.08 per oz. Spodumene min 7-7.5% Li20, CIF China, US$900-1000 per tonne. Tantalite Ore : US$186.50/kg Tin: US$8.56/lb. Uranium: U3O8, Trade Tech spot price: US$29.00 per lb U308 Zinc: US$1.21/lb. Prices current Dec. 4, 2018

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Nov 30 Nov 29 Nov 28 Nov 27 Nov 26 High Low S&P/TSX Composite 15197.82 15194.04 15171.25 14944.09 15012.65 15527.30 12400.15 S&P/TSXV Composite 589.52 591.12 591.69 585.89 593.10 1050.26 883.52 S&P/TSX 60 913.29 914.36 912.16 898.81 901.69 896.74 709.99 S&P/TSX Global Gold 164.34 165.28 166.98 162.55 165.42 218.90 149.29 DJ Precious Metals 138.24 138.24 139.41 135.82 138.69 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Nov 16, 2018 (with changes from Nov 01, 2018) Largest short positions Sandstorm Gold SSL 15433024 135967 11/1/2018 Ivanhoe Mines IVN 13835881 -309852 11/1/2018 Goldcorp G 12185753 5699114 11/1/2018 Osisko Mng Inc OSK 10606179 -64787 11/1/2018 Barrick Gold ABX 10351371 2021093 11/1/2018 Suncor Energy SU 10292261 3285948 11/1/2018 Kinross Gold K 9960987 2284199 11/1/2018 First Quantum FM 9479904 2081667 11/1/2018 Eldorado Gold ELD 9473838 -195975 11/1/2018 OceanaGold OGC 8942349 156128 11/1/2018 Nemaska Lith NMX 8538681 -826187 11/1/2018 Nexgen Energy NXE 7140618 235340 11/1/2018 First Majestic FR 6923422 434263 11/1/2018 Turquoise HIl TRQ 6426316 -1161696 11/1/2018 New Gold NGD 6248186 -1400250 11/1/2018 Largest increase in short position Goldcorp G 12185753 5699114 11/1/2018 Suncor Energy SU 10292261 3285948 11/1/2018 Prophecy Coal PCY 3247500 3214929 11/1/2018 Kinross Gold K 9960987 2284199 11/1/2018 First Quantum FM 9479904 2081667 11/1/2018 Largest decrease in short position NGD 6248186 -1400250 11/1/2018 New Gold Pine Cliff En PNE 1550909 -1198822 11/1/2018 Turquoise HIl TRQ 6426316 -1161696 11/1/2018 Alacer Gold ASR 3472128 -1072536 11/1/2018 McEwen Mng MUX 2783522 -927414 11/1/2018

Short positions outstanding as of Nov 16, 2018 (with changes from Nov 01, 2018) Largest short positions Aldershot Res ALZ 2601824 2121761 11/1/2018 Aldershot Res ALZ 2601824 2071522 11/1/2018 First Cobalt FCC 1770950 1040235 11/1/2018 Prize Mng PRZ 1678021 -713923 11/1/2018 AGC 886500 157500 11/1/2018 Amarillo Gold Leeta Gold HIVE 837700 20826 11/1/2018 Saturn Mnrls SOIL 721749 248582 11/1/2018 Cobalt 27 Cap KBLT 690800 -31500 11/1/2018 Gratomic GRAT 637270 492570 11/1/2018 Sandspring Res SSP 596928 585983 11/1/2018 Atlantic Gold AGB 557440 18440 11/1/2018 Vanadium One VONE 459720 228220 11/1/2018 Equinox Gold EQX 370466 34566 11/1/2018 Zadar Ventures ZAD 321700 321700 11/1/2018 Novo Res NVO 307100 181700 11/1/2018 Largest increase in short position Aldershot Res ALZ 2601824 2121761 11/1/2018 Aldershot Res ALZ 2601824 2071522 11/1/2018 First Cobalt FCC 1770950 1040235 11/1/2018 Sandspring Res SSP 596928 585983 11/1/2018 Gratomic GRAT 637270 492570 11/1/2018 Largest decrease in short position Central Tim Ex CTEC 0 -2250000 11/1/2018 Gowest Gold GWA 10800 -944271 11/1/2018 Berkwood Res BKR 53000 -784765 11/1/2018 Prize Mng PRZ 1678021 -713923 11/1/2018 Jaxon Mining JAX 1249 -286100 11/1/2018

Alamos Gold (AGI.WT.A) - Wt buys sh @ $10.00 to Jan 7/19 Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.A) - Wt buys sh @ $3.25 to Mar 18/19 Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

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

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. Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Brazil Resources (BRI.WT) - Wt buys sh @ $0.75 to Dec 31/18 Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cornerstone Capital Resources (CGP. WT.S) - Wt buys sh @ $0.35 to Apr 07/19 Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share.

Goldmining Inc. (GOLD.WT) - Wt buys sh @ $0.75 to Dec 31/18 Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Jet Metal (JET.WT.A) - Wt buys sh @ $0.5 to Feb 28/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Osisko Gold Royalties (OR.WT.A) - Wt buys sh @ $19.08 to Feb 26/19 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Prairie Provident Resources Inc Wt (PPR. WT) - Wt buys sh @ $0.87 to Mar 16/19 Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS Rainy Mountain Royalty Corp. (RMO. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Rainy Mountain Royalty Corp. (RMD. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Sandfire Resources America Inc. (SFR.RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Silvercrest Metals Inc. (SIL.WT) - Wt buys sh @ $3 to Dec 06/18 Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. West Kirkland Mining (WKM.WT) - Wt buys sh @ $0.3 to Apr 17/19 Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS NOVEMBER 26–30, 2018 27 New Highs Aldridge Min* Allante Potash Aurcana Corp* Barolo Vent* Black Hills* CMC Metals Galantas Gold Gatling Explor Irving Res Irving Res* KAT Expl* Monitor Vent Monitor Vent* Mundoro Cap Mundoro Cap* Nevsun Res Nevsun Res* Niocan Inc NX Uranium* Orsu Metals Randsburg Int* Slave Lake Zn Superior Mng Unity Energy

West High Yld Xanadu Mines Xtra-Gold Res

141 New Lows

60 North Gold* Abacus Mining* Advantage Lith Advantage Lith* Adventus Zinc* Alamos Gold Alamos Gold* Alcoa* Aldebaran Res Alexandria Min* Alto Ventures* Alumina Inc* Americas Silvr* Argonaut Gold Argonaut Gold* ATAC Res Avino Silver* Barkerville Go Barkerville Go* Bird River Res Black Iron*

Blackrock Gold* Endeavr Silver* Blue Moon Zinc Engold Mines* BonTerra Res* Equinox Gold Bullion Gld Res Erdene Res Dev Cabral Gold* Essex Minerals Cameo Cobalt* Fancamp Expl Canasil Res First Majestic Centenera Mng First Majestic* Chakana Copper Fission Uran* Chakana Copper* Fortuna Silvr Chalice Gold M Fortuna Silvr* Cloud Peak En* Garibaldi Res Cobalt 27 Cap Garibaldi Res * Cobalt Pwr Grp* General Moly* Coeur Mng* Gldn Predator Copper Mtn Mng Gldn Predator* Core Gold Gold Finder Ex Crystal Lake Gold Resource* Crystal Lake* Gold Std Vents Desert Lion Gold Std Vents* Elcora Res* Golden Ridge Eldorado Gold Goldplay Expl* Eldorado Gold* Goliath Res* Endeavour Mng Granada Gold Endeavr Silver Grenville Gold

Gungnir Res Guyana Gldflds Hut 8 Mining IMPACT Silver Intl Bethl Mng* Intl Lithium* Leading Edge Leeta Gold Levon Res Ltd * Liberty One Li* Lithium Chile Lithium Corp* Lucara Diam Lydian Intl M.P.V. Explor M2 Cobalt* Maple Gold* Metallic Mnrls Metals Creek* MGX Minerals MGX Minerals* Millrock Res* Montero Mg&Ex * Mountain Prov*

Napier Vent* Nautilus Mnrls* Neo Lithium New Milln Iron* Nickel Creek* Noront Res Nortec Mnls* Northern Light Northern Uran* NRG Metals NRG Metals* Nrthn Graphite* Nrthn Vertex NuLegacy Gold* Orca Gold Orla Mng Ltd Osisko Metals Paramount Gold* Peabody Enrgy* Portex Mnrls* Power Metals PUF Vent Inc * Pure Energy Pure Energy* Regulus Res

Riverside Res* Rover Metals Scorpio Gold Silvercorp Met* Spanish Mtn Gd* Spearmint Res* Taseko Mines* Thunder Mtn Gd* Tinka Res U.S. Gold* Ucore Rare Mtl Ucore Rare Mtl* United States S* Vedanta* Vista Gold* Viva Gold* Wealth Mnrls Wealth Mnrls* Westmoreland* Wolfeye Res ZincX Res

DAILY METAL PRICES

CANADIAN GOLD MUTUAL FUNDS

Daily Metal Prices Date Dec 3 Nov 30 Nov 29 Nov 28 Nov 27 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1370/1360 1385/1370 1320/1360 1350/1370 1320/1360 Aluminum 1982/1978.50 1934.50/1937.50 1931/1932 1911.50/1923.50 1924.50/1935 Copper 6306/6285 6237/6200 6280/6240 6197/6155 6168.50/6135.50 Lead 1964/1975 1956/1968 1932/1949 1906.50/1934 1905.50/1931 Nickel 11190/11275 11010/11080 10885/10950 10730/10825 10700/10775 Tin 18850/18775 18500/18500 18575/18550 18400/18350 18700/18700 Zinc 2674.50/2580 2628/2499 2552/2454.50 2514/2428 2505/2440

Fund Nov 30 ($) Nov 23 ($) Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) AGF Prec Mtls Fd MF 16.33 16.47 -0.14 -0.85 -20.66 2.80 84.97 BMO Prec Mtls Fd A 15.35 15.40 -0.04 -0.29 -16.28 2.40 49.04 BMO ZGD 7.24 7.42 -0.19 -2.53 -22.77 0.61 BMO ZJG 6.28 6.49 -0.21 -3.18 -27.75 0.60 CIBC Prec Metal Fd A 8.05 8.20 -0.15 -1.81 -21.95 2.45 35.89 Dyn Prec Metls Fd A 6.15 6.21 -0.06 -0.97 -10.70 2.71 306.11 Galileo GOGO 8.62 8.69 -0.07 -0.75 -15.24 Horizons HEP 20.22 20.57 -0.25 -1.21 -13.35 0.81 IG Mac GbPMetCl A 7.29 7.43 -0.13 -1.78 -17.09 2.75 27.88 iShares XGD 10.28 10.42 -0.14 -1.37 -17.82 0.61 715.18 Mac Prec Met Cl A 38.01 38.70 -0.69 -1.78 -17.45 2.52 51.56 NBI PrecMetFd Invt 9.97 10.14 -0.17 -1.68 -19.78 2.46 23.05 NPT Gold&PrMinFdA 29.10 29.40 -0.31 -1.04 -18.14 3.04 NPT SilverEquCl A 3.99 3.98 0.01 0.19 -24.40 2.95 RBC GblPreMetFd A 26.61 27.13 -0.52 -1.90 -16.71 2.13 274.09 Sentry Pre Met Fd A 29.53 29.87 -0.34 -1.13 -18.95 2.54 229.91 TD PreciousMetalsInv 26.97 27.40 -0.43 -1.57 -19.92 2.27 91.88

PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1231.05 1220.45 1226.45 1213.20 1225.05 Gold PM 1230.30 1217.55 1226.25 1213.25 1221.20 Silver 14.39 14.24 14.27 14.15 14.28 Platinum 804.00 805.00 820.00 831.00 843.00 Palladium 1213.00 1205.00 1174.00 1181.00 1143.00

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

Nov 30 Nov 29 Nov 28 Nov 27 Nov 26 1.3295 1.3276 1.3277 1.3296 1.3254 0.7521 0.7532 0.7532 0.7521 0.7545

Exchange rates (Quote Media, November 30, 2018) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0287 0.6612 85.4295 15.2447 10.2964 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5892 5.2286 52.5620 0.7503 841.6011 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.3657 0.8778 113.4140 20.2412 13.6664 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7822 6.9425 69.9350 0.9961 1118.0200

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

19_DEC10_MMMM.indd 19

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

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

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

GLOBAL MINING NEWS · SINCE 1915

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2018-12-04 6:19 PM

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: NOVEMBER 26–30, 2018 (100s) Stock

WWW.NORTHERNMINER.COM

DECEMBER 10–23, 2018 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 60 North Gold 672 60 North Gold* O 87 66 Resources 100 92 Resources V 83 92 Resources* O 40 O 87 Abacus Mining* Abacus Mining V 138 Abcourt Mines V 560 Abcourt Mines* O 187 Aben Resources* O 324 V 1274 Aben Resources Aberdeen Intl* O 40 Aberdeen Intl T 862 Abitibi Royal* O 8 Abitibi Royal V 21 AbraPlata Res* O 447 V 778 AbraPlata Res Acacia Mining* O 1 Adamera Min V 3194 O 370 Adamera Min* Adex Mining V 304 V 95 Advance Gold Advantage Lith V 511 Advantage Lith* O 559 O 33 Adventus Zinc* Adventus Zinc V 268 V 72 Aethon Mineral AEX Gold V 9 Affinity Metal* O 6 African Gold V 590 African Gold* O 75 African Min* O 3 Aftermath Silv V 272 Aftermath Silv* O 0 Agnico Eagle T 3585 Agnico Eagle* N 4973 V 604 Aguia Resource AJN Resources 3 Alacer Gold T 1497 Alamos Gold T 3564 Alamos Gold* N 8376 Alaska Pac Egy* O 4390 Alba Minerals* O 1 Albert Mining* O 56 Albert Mining V 208 Alcoa* N 24409 V 205 Aldebaran Res Alderon Iron* O 32 Alderon Iron T 296 V 2206 Aldershot Res Aldershot Res* O 26 Aldever Res V 107 Aldever Res* O 9 Aldridge Min V 277 Aldridge Min* O 36 Alexandra Cap* O 7 O 138 Alexandria Min* V 5621 Alexandria Min Alexco Res T 197 Alexco Res* X 605 Algold Res V 141 Alianza Min V 15 Alianza Min* O 1 Allante Potash V 24 Allegiant Gold V 567 O 226 Allegiant Gold* Alliance Mng V 160 Alliance Res* D 1647 Almaden Mnls T 156 X 928 Almaden Mnls* Almonty Ind T 114 9 Almonty Ind * O Alphamin Res V 230 74 Alphamin Res * O Altai Resource V 845 Altair Res Inc V 796 Altamira Gold V 289 Altamira Gold* O 39 Altan Nevada V 97 93 Altan Rio Min V Altiplano Met V 1 Altius Mnrls T 168 Altius Mnrls * O 116 Alto Ventures V 1239 O 5661 Alto Ventures* Altura Mining* O 160 Alturas Min V 120 Altus Strat V 142 Alumina Inc* O 202 ALX Uranium V 55 O 36 ALX Uranium* V 143 AM Resources Amador Gold V 2618 Amarc Res V 55 Amarc Res* O 20 Amarillo Gold V 170 Amarillo Gold* O 50 Amazing Energy* O 25 Amer Intl Vent* O 48 American Creek V 971 American CuMo* O 124 O 833 American Lith* American Lith V 418 American Mang* O 226 American Mang V 209 American Pac 112 American Pac* O 54 AmericanSierra* O 0 Americas Silvr* X 311 T 179 Americas Silvr Amerigo Res T 338 Amerigo Res* O 129 Amex Expl V 746 Amseco Expl V 38 Anaconda Mng T 1568 Anaconda Mng* O 352 Anconia Res V 740 Andes Gold* O 9 Anfield Energy* O 714 Anfield Energy V 1559 Angel Gold* O 46 Angel Gold V 115 Angkor Gold V 122 Anglo American* O 3 Anglo American* O 879 Anglo Pac Grp T 4 AngloGold Ash* N 10120 Antioquia Gold V 236 Antioquia Gold* O 110 Antler Gold V 114 5 Antofagasta* O APAC Res Inc 42 Apex Res V 93 Apogee Opport * O 54 Appia Energy 137 Appia Energy* O 86 Applied Mrnls* O 163 Aquila Res* O 210 Aquila Res T 180 Arch Coal* N 1598 Archon Mineral V 25 Arco Res* O 1001 Arctic Star* O 5 Arctic Star V 409 Arcturus Vent V 16 Arcus Dev Grp V 442 Arena Mnls V 185 Arena Mnls* O 86 Argentina Lith* O 3 Argentina Lith V 52 Argentum Silvr* O 2 Argentum Silvr V 1042 Argex Titanium T 2813 Argex Titanium* O 328 Argo Gold* O 3 Argo Gold 186 Argonaut Gold* O 139 Argonaut Gold T 1110 Arian Silver* O 37 Arianne Phosph V 191 Arianne Phosph* O 46 Arizona Silver* O 23 Arizona Silver V 205 Armor Mnrls V 2

20-22_DEC10_StockTables.indd 20

0.08 0.05 0.06 - 0.02 0.24 0.05 0.04 0.04 0.04 unch 0.00 0.16 0.04 0.15 0.15 0.15 unch 0.00 0.27 0.10 0.04 0.04 0.04 - 0.01 0.27 0.03 0.03 0.03 0.03 - 0.00 0.20 0.02 0.10 0.06 0.06 - 0.01 0.95 0.06 0.11 0.09 0.09 - 0.01 1.20 0.09 0.05 0.04 0.04 - 0.01 0.08 0.04 0.04 0.04 0.04 + 0.00 0.06 0.03 0.12 0.10 0.11 + 0.00 0.38 0.08 0.15 0.14 0.14 unch 0.00 0.49 0.11 0.05 0.05 0.05 - 0.00 0.16 0.05 0.07 0.06 0.07 unch 0.00 0.21 0.06 6.68 0.00 6.60 - 0.15 8.14 5.89 8.92 7.98 8.82 - 0.07 10.45 7.98 0.05 0.03 0.04 - 0.00 0.42 0.03 0.06 0.04 0.04 - 0.02 0.52 0.04 2.28 2.15 2.28 + 0.18 2.77 1.43 0.10 0.08 0.09 - 0.01 0.20 0.04 0.07 0.06 0.07 + 0.01 0.17 0.03 0.02 0.00 0.01 - 0.01 0.04 0.01 0.07 0.06 0.07 + 0.01 0.60 0.06 0.63 0.56 0.59 - 0.02 1.39 0.56 0.48 0.41 0.45 - 0.01 1.14 0.41 0.67 0.60 0.61 - 0.03 0.90 0.62 0.90 0.80 0.81 - 0.07 1.16 0.51 0.19 0.17 0.17 - 0.01 0.85 0.14 0.40 0.00 0.40 - 0.02 0.63 0.33 0.05 0.05 0.05 unch 0.00 0.06 0.04 0.03 0.02 0.02 - 0.01 0.06 0.02 0.01 0.01 0.01 + 0.00 0.05 0.01 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.10 0.08 0.09 + 0.01 0.20 0.07 0.00 0.00 0.06 unch 0.00 0.14 0.05 48.30 45.43 46.73 - 0.90 62.80 42.35 36.56 34.05 35.12 - 0.82 49.80 32.18 0.14 0.12 0.12 - 0.02 0.50 0.10 0.10 0.10 0.10 unch 0.00 0.20 0.08 2.24 2.04 2.07 - 0.15 2.97 1.97 4.46 4.13 4.27 - 0.14 8.49 4.22 3.38 3.10 3.22 - 0.11 6.84 3.17 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.07 0.07 0.07 unch 0.00 0.33 0.05 0.02 0.02 0.02 + 0.00 0.08 0.01 0.03 0.03 0.03 unch 0.00 0.10 0.02 34.17 30.94 31.81 - 0.50 62.35 30.95 0.55 0.49 0.51 - 0.03 0.90 0.49 0.23 0.20 0.22 + 0.03 0.29 0.16 0.32 0.26 0.32 + 0.06 0.38 0.21 0.07 0.06 0.07 - 0.01 0.45 0.03 0.06 0.04 0.05 - 0.01 0.35 0.02 0.04 0.00 0.04 unch 0.00 0.15 0.03 0.03 0.00 0.03 + 0.01 0.11 0.02 0.10 0.10 0.10 unch 0.00 0.16 0.05 0.35 0.07 0.07 - 0.00 0.35 0.03 0.46 0.43 0.43 - 0.04 0.48 0.43 0.03 0.01 0.03 + 0.00 0.09 0.01 0.03 0.02 0.03 + 0.01 0.12 0.02 1.04 0.97 1.02 + 0.02 2.18 0.92 0.80 0.74 0.78 + 0.02 1.79 0.68 0.90 0.45 0.48 - 0.42 1.90 0.45 0.06 0.00 0.06 unch 0.00 0.15 0.05 0.05 0.05 0.05 + 0.01 0.10 0.04 0.13 0.13 0.13 unch 0.00 0.13 0.06 0.23 0.19 0.23 + 0.01 0.75 0.19 0.18 0.14 0.18 + 0.01 0.58 0.00 0.02 0.02 0.02 unch 0.00 0.06 0.01 19.90 19.18 19.65 + 0.25 21.90 15.55 0.79 0.65 0.74 + 0.04 1.35 0.63 0.60 0.50 0.57 + 0.05 1.05 0.48 0.84 0.77 0.78 + 0.01 0.98 0.35 0.59 0.00 0.58 + 0.04 0.73 0.29 0.27 0.23 0.26 - 0.01 0.36 0.22 0.20 0.20 0.20 unch 0.00 0.27 0.17 0.13 0.11 0.11 - 0.01 0.47 0.07 0.06 0.05 0.05 unch 0.00 0.48 0.05 0.09 0.08 0.08 - 0.01 0.35 0.08 0.07 0.06 0.07 + 0.00 0.29 0.06 0.02 0.02 0.02 + 0.01 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.00 0.00 0.17 unch 0.00 0.64 0.15 13.09 12.77 12.90 - 0.05 15.58 11.82 9.89 9.55 9.75 - 0.05 12.50 9.00 0.03 0.02 0.02 - 0.01 0.10 0.02 0.01 0.01 0.01 - 0.00 0.08 0.01 0.16 0.14 0.15 - 0.02 0.40 0.13 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.06 0.05 0.05 + 0.01 0.15 0.04 6.82 6.31 6.56 + 0.07 8.97 6.31 0.08 0.00 0.08 unch 0.00 0.11 0.06 0.05 0.05 0.05 - 0.01 0.08 0.04 0.18 0.16 0.18 - 0.01 0.31 0.12 0.86 0.58 0.62 - 0.23 1.10 0.61 0.08 0.07 0.07 + 0.02 0.17 0.06 0.06 0.06 0.06 + 0.01 0.14 0.04 0.24 0.22 0.23 - 0.01 0.42 0.19 0.19 0.17 0.17 - 0.01 0.32 0.15 0.20 0.13 0.18 - 0.02 0.94 0.10 0.02 0.01 0.01 - 0.01 0.05 0.00 0.04 0.03 0.04 unch 0.00 0.07 0.03 0.06 0.04 0.05 + 0.01 0.10 0.02 0.44 0.39 0.41 + 0.01 0.69 0.18 0.57 0.52 0.55 + 0.01 0.74 0.21 0.12 0.10 0.10 - 0.01 0.28 0.10 0.15 0.13 0.14 - 0.01 0.35 0.13 0.09 0.07 0.08 - 0.01 0.41 0.07 0.07 0.06 0.06 - 0.00 0.32 0.05 0.01 0.00 0.01 unch 0.00 0.04 0.01 1.51 1.31 1.33 - 0.19 4.65 1.31 1.95 1.75 1.78 - 0.12 5.74 1.75 0.95 0.88 0.93 unch 0.00 1.35 0.67 0.71 0.68 0.69 - 0.00 1.09 0.51 0.11 0.08 0.11 + 0.02 0.22 0.06 0.08 0.00 0.06 - 0.02 0.29 0.01 0.23 0.19 0.21 + 0.02 0.56 0.18 0.17 0.15 0.16 + 0.01 0.48 0.14 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.01 0.00 0.01 - 0.00 0.01 0.00 0.18 0.15 0.17 - 0.00 0.45 0.15 0.24 0.20 0.22 unch 0.00 0.59 0.19 0.03 0.00 0.03 - 0.01 0.08 0.01 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.16 0.14 0.16 + 0.01 0.23 0.13 20.45 0.00 19.74 - 0.40 26.05 18.01 10.33 9.72 10.01 - 0.02 13.13 9.00 2.15 2.15 2.15 - 0.50 4.75 1.31 10.29 9.84 9.92 - 0.13 12.00 7.08 0.02 0.02 0.02 - 0.01 0.10 0.02 0.02 0.01 0.02 - 0.00 0.05 0.02 0.11 0.10 0.11 unch 0.00 0.27 0.11 10.21 9.82 9.82 - 0.24 15.70 9.27 0.20 0.18 0.18 unch 0.00 0.50 0.17 0.06 0.00 0.05 - 0.01 0.15 0.05 0.33 0.00 0.23 - 0.04 0.50 0.00 0.23 0.20 0.20 - 0.05 0.32 0.11 0.18 0.15 0.15 - 0.03 0.26 0.08 0.07 0.06 0.07 - 0.00 0.25 0.04 0.16 0.13 0.14 + 0.01 0.30 0.10 0.21 0.16 0.20 + 0.03 0.39 0.13 83.38 78.27 81.27 - 0.85 102.61 75.09 0.66 0.66 0.66 unch 0.00 1.31 0.62 0.85 0.58 0.68 - 0.14 1.39 0.38 0.05 0.05 0.05 unch 0.00 0.20 0.05 0.08 0.07 0.07 - 0.01 0.26 0.07 0.09 0.09 0.09 unch 0.00 0.16 0.09 0.04 0.03 0.04 + 0.01 0.07 0.03 0.08 0.07 0.07 - 0.01 0.11 0.06 0.06 0.05 0.05 - 0.01 0.08 0.04 0.12 0.12 0.12 - 0.01 0.38 0.03 0.18 0.14 0.14 - 0.05 1.88 0.12 0.17 0.17 0.17 unch 0.00 0.24 0.11 0.14 0.00 0.13 - 0.03 0.33 0.10 0.04 0.03 0.04 + 0.01 0.07 0.03 0.03 0.02 0.03 - 0.00 0.05 0.01 0.16 0.16 0.16 unch 0.00 0.16 0.08 0.19 0.18 0.19 + 0.01 0.21 0.07 0.97 0.90 0.93 - 0.05 2.33 0.90 1.29 1.19 1.22 - 0.06 2.87 1.19 0.01 0.00 0.01 + 0.00 0.01 0.00 0.47 0.42 0.45 - 0.01 0.72 0.39 0.34 0.32 0.32 - 0.04 0.58 0.30 0.06 0.05 0.05 - 0.00 0.18 0.05 0.08 0.07 0.07 - 0.01 0.25 0.07 0.40 0.00 0.40 - 0.01 0.73 0.30

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Asanko Gold T 350 Asanko Gold* X 714 Asante Gold 60 7 Ascot Res * O Ascot Res V 92 Ashanti Gold V 615 Ashanti Sanko V 0 V 4 AsiaBaseMetals Asiamet Res* O 1 8 Asian Minl Res V Aston Bay V 735 Aston Bay* O 89 Astorius Res V 128 Astur Gold V 125 ATAC Res V 738 O 426648 Atacama Res* Athabasca Mnls V 293 O 1 Athabasca Mnls* Atico Mng* O 152 Atico Mng V 95 Atlanta Gold* O 0 Atlanta Gold V 153 Atlantic Gold V 270 Atlantic Ind V 552 Atlatsa Res* O 30 Atlatsa Res T 33 6 Atom Energy * O Aton Res Inc* O 246 Aton Res Inc V 821 Aura Mnls* O 31 Aura Mnls T 10 Auramex Res V 563 Aurania Res* O 28 Aurania Res V 121 Aurcana Corp* O 52 AurCrest Gold V 24 Aurion Res V 144 16 Aurion Res * O Aurora Royal V 387 O 3 AURYN Mining* Auryn Res T 211 Auryn Res* X 259 Austin Res V 4 Austral Gold* O 3 Austral Gold V 65 O 408 Australian Mns* Auxico Res 139 Avalon Adv Mat* O 634 Avalon Adv Mat T 2098 O 100 Avarone Metals* Avarone Metals 471 Avesoro Res T 4 Avidian Gold V 112 Avino Silver* X 1099 Avino Silver T 170 Avrupa Mnls V 797 Avrupa Mnls* O 467 Awale Res V 20 Axiom Mng* O 273 Axmin Inc V 197 Axmin Inc* O 10 V 119 Azarga Metals Azarga Metals* O 15 T 2492 Azarga Uranium Azarga Uranium* O 727 Aziel Corp* O 0 Azimut Expl V 294 Azimut Expl* O 47 Azincourt Ener* O 18 V 626 Azincourt Ener Aztec Minerals V 217 O 100 Aztec Minerals* Azteca Gold* O 129 Azucar Min V 156 Azucar Min* O 252

0.91 0.80 0.87 + 0.02 1.79 0.55 0.69 0.61 0.65 + 0.03 1.38 0.43 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.83 0.74 0.81 + 0.09 1.33 0.59 1.09 1.00 1.05 unch 0.00 1.70 0.76 0.06 0.05 0.05 unch 0.00 0.25 0.05 0.00 0.00 0.04 unch 0.00 0.10 0.03 0.29 0.27 0.27 unch 0.00 0.40 0.14 0.08 0.08 0.08 unch 0.00 0.19 0.07 0.35 0.30 0.35 + 0.05 7.00 0.30 0.06 0.06 0.06 - 0.01 0.29 0.05 0.05 0.04 0.04 + 0.01 0.20 0.04 0.04 0.04 0.04 unch 0.00 0.17 0.03 0.30 0.20 0.30 + 0.07 0.31 0.19 0.37 0.31 0.34 - 0.01 0.65 0.31 0.00 0.00 0.00 + 0.00 0.00 0.00 0.30 0.27 0.30 + 0.03 0.35 0.12 0.21 0.21 0.21 + 0.02 0.27 0.09 0.24 0.22 0.23 + 0.00 0.65 0.21 0.31 0.28 0.31 + 0.03 0.80 0.28 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.04 0.04 0.04 unch 0.00 0.07 0.04 1.58 1.49 1.52 - 0.05 1.99 1.40 0.01 0.01 0.01 unch 0.00 0.09 0.01 0.03 0.03 0.03 + 0.00 0.04 0.01 0.05 0.04 0.05 unch 0.00 0.05 0.02 0.20 0.16 0.20 unch 0.00 0.34 0.00 0.05 0.05 0.05 - 0.00 0.08 0.02 0.06 0.05 0.06 + 0.01 0.11 0.02 1.50 1.38 1.38 - 0.13 2.38 1.22 1.98 1.85 1.85 - 0.06 3.00 1.46 0.04 0.04 0.04 unch 0.00 0.10 0.03 2.07 1.65 1.96 + 0.15 6.06 1.03 2.75 2.21 2.65 + 0.25 7.57 1.81 0.25 0.11 0.11 - 0.07 0.25 0.00 0.03 0.03 0.03 - 0.01 0.04 0.02 1.05 0.88 0.90 - 0.15 2.37 0.67 0.80 0.68 0.69 - 0.12 1.81 0.52 0.10 0.00 0.08 unch 0.00 0.24 0.03 1.00 0.00 0.65 - 0.36 5.00 0.16 1.35 1.21 1.24 + 0.01 2.17 1.16 1.03 0.91 0.93 + 0.03 2.00 0.87 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.05 0.04 0.04 - 0.01 0.12 0.02 0.07 0.07 0.07 unch 0.00 0.17 0.06 0.05 0.03 0.03 - 0.01 0.33 0.02 0.20 0.14 0.20 unch 0.00 0.43 0.14 0.06 0.04 0.05 + 0.00 0.13 0.04 0.08 0.05 0.06 + 0.01 0.16 0.05 0.03 0.03 0.03 unch 0.00 0.09 0.02 0.05 0.04 0.04 unch 0.00 0.14 0.04 2.69 0.00 2.62 - 0.08 5.99 2.50 0.39 0.38 0.38 - 0.01 0.70 0.20 0.60 0.53 0.56 - 0.03 1.61 0.55 0.81 0.71 0.74 - 0.03 1.99 0.70 0.06 0.05 0.06 + 0.01 0.13 0.04 0.05 0.04 0.04 + 0.00 0.10 0.03 0.09 0.09 0.09 unch 0.00 0.48 0.08 0.00 0.00 0.07 unch 0.00 0.12 0.07 0.28 0.26 0.27 unch 0.00 0.30 0.03 0.21 0.21 0.21 - 0.00 0.23 0.02 0.13 0.12 0.13 - 0.01 0.16 0.10 0.10 0.00 0.10 + 0.02 0.16 0.05 0.28 0.20 0.27 + 0.03 0.34 0.18 0.20 0.15 0.20 + 0.01 0.24 0.14 0.00 0.00 0.75 unch 0.00 9.10 0.64 0.31 0.22 0.28 + 0.02 0.48 0.22 0.19 0.18 0.18 - 0.01 0.32 0.17 0.05 0.05 0.05 - 0.00 0.23 0.04 0.08 0.07 0.08 + 0.01 0.37 0.06 0.15 0.15 0.15 unch 0.00 0.38 0.14 0.11 0.11 0.11 unch 0.00 0.30 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.47 0.42 0.44 unch 0.00 1.75 0.37 0.36 0.32 0.35 - 0.01 1.44 0.27

B2Gold T 12973 B2Gold* X 16865 O 163 Balmoral Res* Balmoral Res T 306 Balto Res V 419 V 641 Bankers Cobalt Bankers Cobalt* O 150 Bannerman Res* O 86 Banyan Gold V 1296 Banyan Gold* O 235 Bard Ventures V 229 Barker Mnrls V 106 Barkerville Go V 753 Barkerville Go* O 239 Barolo Vent V 382 Barolo Vent* O 252 Baroyeca Go&Si V 35 Barrick Gold* N 67511 Barrick Gold T 15570 Barsele Min* O 110 Barsele Min V 165 Batero Gold V 229 O 372 Bayhorse Silvr* Bayhorse Silvr V 668 BC Moly V 35 BCM Res V 96 V 133 BE Res Bear Creek Mng V 211 Bearclaw Cap V 42 Bearing Lith V 29 Bearing Lith* O 27 Beeston Ent* O 257 Bell Copper* O 100 Belmont Res V 724 Belo Sun Mng T 681 Belvedere Res V 193 O 2 Belvedere Res* BeMetals V 216 Benchmark Met* O 184 V 791 Benchmark Met Benton Res V 251 O 26 Berkeley Egy* Berkwood Res * O 224 V 543 Berkwood Res Bird River Res 2648 O 80 Bitterroot Res* Bitterroot Res V 190 Black Dragon V 350 Black Dragon* O 585 Black Hills* N 1877 Black Iron T 307 Black Iron* O 195 Black Isle Res* O 100 32 Black Sea Cop* O Black Sea Cop V 249 4 Black Tusk Res* O Black Tusk Res 31 V 2197 Blackheath Res Blackrock Gold* O 505 V 517 Blackrock Gold Blind Crk Res V 177 Blue Moon Zinc V 146 Blue Moon Zinc* O 46 Blue Rvr Res V 557 Blue Sky Uran* O 1411 Blue Sky Uran V 2224 Bluenose Gold V 742 O 28 Bluestone Res* Bluestone Res V 98 Bold Ventures V 61 Bonanza Gldfds* O 429 BonTerra Res V 347 BonTerra Res* O 31 Boreal Metals V 811 Borneo Res Inv* O 32025 Bravada Gold V 347 Bravada Gold* O 128 Braveheart Res V 1175 O 20 Braveheart Res* Bravo Multinat* O 79 Brazil Mnrls* O 4781 Brigadier Gold V 1077 O 102 BrightRock Gld* Britannia Mng* O 50 Brixton Mtls V 970 Brixton Mtls* O 23 V 338 Broadway Gold Broadway Gold* O 15 O 15980 Brookmount Exp*

3.60 3.24 3.27 - 0.32 4.06 2.77 2.73 2.43 2.45 - 0.22 3.30 2.10 0.12 0.11 0.11 - 0.01 0.47 0.10 0.16 0.14 0.15 - 0.01 0.57 0.14 0.12 0.11 0.11 - 0.01 0.38 0.05 0.05 0.04 0.04 - 0.02 0.85 0.04 0.04 0.03 0.04 - 0.00 0.68 0.03 0.04 0.03 0.04 - 0.01 0.06 0.03 0.05 0.04 0.05 + 0.01 0.13 0.04 0.03 0.03 0.03 + 0.00 0.10 0.02 0.24 0.18 0.20 - 0.02 0.33 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.36 0.33 0.35 - 0.01 0.78 0.33 0.27 0.24 0.27 - 0.01 0.62 0.24 0.26 0.25 0.25 - 0.01 0.30 0.09 0.19 0.00 0.19 + 0.18 0.19 0.00 0.02 0.02 0.02 + 0.01 0.04 0.01 13.42 12.59 12.75 - 0.34 15.52 9.53 17.72 16.77 16.93 - 0.47 19.49 12.54 0.43 0.39 0.39 - 0.03 0.68 0.39 0.56 0.00 0.53 - 0.03 1.03 0.52 0.07 0.00 0.07 unch 0.00 0.12 0.06 0.08 0.06 0.07 - 0.01 0.22 0.06 0.11 0.09 0.09 - 0.02 0.27 0.09 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.14 0.12 0.14 + 0.03 0.26 0.09 0.03 0.02 0.02 - 0.01 0.07 0.02 1.32 1.09 1.10 - 0.20 2.60 1.07 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.25 0.23 0.24 unch 0.00 0.97 0.21 0.19 0.17 0.18 + 0.02 0.80 0.02 0.02 0.01 0.01 - 0.01 0.04 0.00 0.07 0.05 0.05 - 0.02 0.16 0.03 0.06 0.05 0.05 unch 0.00 0.10 0.03 0.33 0.30 0.33 + 0.02 0.47 0.17 0.69 0.00 0.56 - 0.15 0.96 0.39 0.46 0.42 0.42 - 0.02 0.52 0.00 0.24 0.22 0.22 - 0.02 0.32 0.15 0.16 0.13 0.14 - 0.03 0.30 0.06 0.22 0.17 0.17 - 0.04 0.39 0.16 0.05 0.04 0.05 unch 0.00 0.09 0.04 0.15 0.15 0.15 - 0.00 0.88 0.15 0.07 0.06 0.07 + 0.01 0.34 0.05 0.09 0.08 0.09 - 0.01 0.44 0.07 0.06 0.05 0.05 - 0.01 0.63 0.05 0.02 0.00 0.02 - 0.00 0.11 0.01 0.03 0.02 0.03 + 0.01 0.14 0.02 0.12 0.10 0.10 - 0.02 0.39 0.10 0.09 0.08 0.09 unch 0.00 0.14 0.04 66.24 63.91 66.21 + 2.21 65.68 50.49 0.06 0.06 0.06 - 0.01 0.17 0.06 0.05 0.04 0.04 - 0.01 0.11 0.04 0.03 0.03 0.03 unch 0.00 0.03 0.02 0.04 0.03 0.03 - 0.01 0.12 0.03 0.05 0.04 0.05 - 0.01 0.15 0.04 0.15 0.15 0.15 unch 0.00 0.18 0.15 0.23 0.19 0.20 unch 0.00 0.29 0.13 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.04 0.03 0.04 - 0.01 0.12 0.03 0.05 0.05 0.05 - 0.01 0.16 0.05 0.05 0.05 0.05 - 0.01 0.38 0.05 0.05 0.04 0.05 unch 0.00 0.14 0.04 0.03 0.00 0.03 - 0.00 0.11 0.03 0.03 0.02 0.02 - 0.01 0.05 0.01 0.14 0.10 0.13 + 0.03 0.25 0.10 0.19 0.13 0.18 + 0.05 0.32 0.13 0.16 0.00 0.16 + 0.01 0.33 0.00 0.89 0.82 0.82 - 0.09 1.35 0.82 1.20 1.05 1.18 + 0.03 1.60 1.02 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.00 + 0.00 0.00 0.00 3.14 2.73 3.09 + 0.19 6.30 2.73 2.37 2.05 2.33 + 0.12 2.87 0.22 0.07 0.05 0.06 - 0.02 0.40 0.05 0.00 0.00 0.00 + 0.00 0.00 0.00 0.07 0.05 0.07 - 0.01 0.17 0.05 0.06 0.04 0.05 + 0.01 0.14 0.04 0.10 0.07 0.10 unch 0.00 0.12 0.06 0.08 0.06 0.08 unch 0.00 0.08 0.05 0.95 0.47 0.62 + 0.07 2.70 0.02 0.00 0.00 0.00 + 0.00 0.01 0.00 0.10 0.07 0.10 + 0.01 0.26 0.07 0.00 0.00 0.00 + 0.00 0.01 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 0.18 0.14 0.15 - 0.02 0.49 0.14 0.14 0.12 0.12 + 0.00 0.39 0.11 0.09 0.07 0.09 + 0.01 0.51 0.06 0.06 0.05 0.05 + 0.01 0.41 0.02 0.02 0.01 0.01 + 0.01 0.04 0.00

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Bryn Res* O 13 BTU Metals V 1159 Buccaneer Gold V 118 Buenaventura* N 4342 Buffalo Coal * O 4 Buffalo Coal V 5 Bullfrog Gold* O 385 Bullion Gld Res V 735 Bunker Hill 29 BWR Explor V 490

0.01 0.00 0.01 - 0.00 0.06 0.00 0.11 0.08 0.10 unch 0.00 0.14 0.04 0.03 0.03 0.03 - 0.01 0.18 0.03 14.41 13.55 14.14 - 0.13 16.80 11.67 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.06 0.05 0.06 - 0.00 0.15 0.05 0.21 0.11 0.17 + 0.03 0.47 0.11 0.09 0.06 0.09 unch 0.00 3.15 0.03 0.04 0.04 0.04 + 0.01 0.10 0.03

Cabral Gold V 83 Cabral Gold* O 26 Cache Expl* O 2 Cache Expl V 1106 Cadillac Vent* O 4 Cadillac Vent V 239 Cairo Res V 3 Caledonia Mng T 20 X 30 Caledonia Mng* Calibre Mng V 213 Calibre Mng* O 26 California Gld V 115 California Go* O 151 Callinex Mines* O 59 V 253 Callinex Mines Cameco Corp* N 9122 Cameco Corp T 5259 Cameo Cobalt* O 68 V 2579 Cameo Cobalt Camino Mnls* O 12 Camino Mnls V 188 Camrova Res V 30 O 9 Camrova Res* Canada Coal V 119 V 750 Canada Cobalt Canada Cobalt * O 128 Canada One* O 1 Canada One V 30 V 366 CanAlaska Uran CanAlaska Uran* O 176 CanAm Coal* O 67 Canamex Gold 373 O 24 Canamex Gold* Canarc Res T 171 Canarc Res* O 37 Canasil Res V 302 V 25 Candelaria Mg Candente Coppr T 146 O 539 Candente Gold* V 959 Candente Gold CANEX Metals * O 0 V 19 CANEX Metals CaNickel Mng V 1 Canstar Res V 207 Canstar Res* O 0 V 115 Canterra Mnls Cantex Mn Dev V 141 1 Cantex Mn Dev* O Canuc Res V 309 Canuc Res* O 35 Capstone Mng T 6785 O 0 Caracara Silvr* Cardero Res V 172 Cardero Res* O 14 Cardinal Res* O 2 Cardinal Res T 105 Cariboo Rose V 36 Carlin Gold V 910 Carrara Explor 15666 Cartier Iron 309 Cartier Res V 681 V 211 Carube Copper Carube Copper* O 9 V 461 Casa Minerals Cascadero Copp V 56 Castle Peak Mg V 580 Cautivo Mining 23 Cda Carbon* O 250 Cda Carbon V 724 Cda Rare Earth V 262 Cda Rare Earth* O 35 Cdn Metals* O 1 Cdn Metals 240 V 50 Cdn Orebodies CellCube Enrgy* O 717 Centamin T 12 Centaurus Diam* O 55 Centenera Mng* O 499 V 700 Centenera Mng Centerra Gold T 1707 Central Iron V 101 Central Tim Ex V 125 V 248 Centurion Mnls Century Cobalt* O 346 O 76 Century Global* Century Global T 63 424 Cerro de Pasc Cerro Grande 100 Cerro Mng V 0 Ceylon Graph V 40 V 417 Chakana Copper Chakana Copper* O 140 Chalice Gold M* O 221 Chalice Gold M T 811 V 111 Champion Bear Champion Bear* O 20 T 2149 Champion Iron Champion Iron* O 86 Chantrell Vent V 10 Chatham Rock V 31 V 30 Chesapeake Gld Chesapeake Gld* O 58 Chevron Corp* N 33501 Chiboug Ind Mn V 145 O 1 Chilean Metals* Chimata Gold 153 China Gold Int T 428 Cicada Vents V 30 7 CIM Intl Grp Cipher Res V 381 8 Claim Post Res V Clarmin Explor V 52 Clean Comm V 1033 Clean Comm* O 367 V 8 Cleghorn Mnls Cleveland-Clif* N 52467 Cliffmont Res V 3 Clifton Mng* O 166 Cloud Peak En* N 10052 Clydesdale Res V 178 CMC Metals V 631 CMX Gold & Sil 194 CNRP Mng 1313 CNRP Mng* O 1475 Cobalt 27 Cap V 1653 Cobalt Block V 107 Cobalt Block* O 148 Cobalt Pwr Grp* O 227 Cobalt Pwr Grp V 1158 Coeur Mng* N 13619 Colibri Res V 606 Colombia Crest V 3 O 0 Colombia Crest* Colonial Coal V 608 Colorado Res V 846 Colorado Res* O 71 T 206 Columbus Gold Columbus Gold* O 165 Comet Inds V 3 Commander Res V 348 O 0 Commander Res* Commerce Res V 252 O 74 Commerce Res* Compass Gold V 168 O 50 Compliance Egy* Comstock Mng* X 2182 V 756 Comstock Mtls Comstock Mtls * O 1210 Condor Gold* O 2 Condor Gold T 1 Condor Res V 211 Condor Res* O 100 O 2 Confedertn Ml* Confedertn Mls V 11

0.24 0.21 0.21 - 0.03 0.49 0.20 0.18 0.15 0.15 unch 0.00 0.32 0.15 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.04 0.04 0.04 - 0.01 0.09 0.04 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.02 0.01 0.02 + 0.01 0.05 0.01 0.38 0.38 0.38 unch 0.00 0.43 0.30 8.21 7.31 7.41 - 0.59 12.50 6.87 6.25 5.55 5.63 - 0.55 9.94 5.24 0.39 0.37 0.38 unch 0.00 1.45 0.30 0.32 0.27 0.27 - 0.05 0.35 0.03 0.33 0.28 0.31 + 0.01 0.47 0.19 0.24 0.22 0.22 - 0.01 0.35 0.15 0.08 0.06 0.07 + 0.01 0.37 0.06 0.10 0.08 0.09 unch 0.00 0.45 0.08 12.27 11.46 11.88 + 0.22 12.78 8.34 16.29 15.22 15.77 + 0.22 16.70 10.50 0.06 0.05 0.05 - 0.04 0.99 0.05 0.09 0.07 0.08 unch 0.00 0.45 0.07 0.08 0.07 0.07 - 0.00 0.45 0.07 0.13 0.11 0.11 - 0.02 0.60 0.10 0.07 0.07 0.07 - 0.01 0.12 0.07 0.05 0.03 0.05 - 0.01 0.15 0.00 0.05 0.04 0.04 - 0.02 0.12 0.04 0.62 0.54 0.56 - 0.04 0.90 0.19 0.47 0.41 0.42 - 0.05 0.79 0.01 0.05 0.05 0.05 unch 0.00 0.32 0.05 0.08 0.00 0.08 + 0.01 0.52 0.07 0.29 0.25 0.28 - 0.01 0.45 0.25 0.21 0.19 0.21 - 0.01 0.37 0.19 0.00 0.00 0.00 + 0.00 0.00 0.00 0.07 0.05 0.05 - 0.02 0.17 0.05 0.05 0.04 0.04 - 0.02 0.22 0.04 0.05 0.04 0.04 unch 0.00 0.11 0.03 0.03 0.03 0.03 + 0.00 0.08 0.02 0.07 0.06 0.06 - 0.01 0.19 0.06 0.49 0.37 0.40 - 0.10 0.99 0.23 0.07 0.06 0.06 - 0.01 0.16 0.06 0.01 0.01 0.01 - 0.01 0.04 0.00 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.02 unch 0.00 0.06 0.02 0.06 0.06 0.06 - 0.02 0.08 0.04 0.00 0.00 0.08 unch 0.00 0.21 0.08 0.09 0.00 0.09 unch 0.00 0.40 0.09 0.06 0.06 0.06 unch 0.00 0.19 0.06 0.03 0.00 0.03 + 0.01 0.05 0.02 0.69 0.58 0.61 - 0.18 1.10 0.15 0.51 0.00 0.51 - 0.08 0.77 0.01 0.08 0.06 0.06 - 0.03 0.36 0.06 0.07 0.07 0.07 unch 0.00 0.27 0.06 0.69 0.56 0.63 + 0.03 1.62 0.48 0.00 0.00 0.12 unch 0.00 0.14 0.06 0.08 0.08 0.08 - 0.01 0.20 0.08 0.06 0.05 0.06 - 0.01 0.17 0.05 0.31 0.31 0.31 unch 0.00 0.44 0.30 0.38 0.00 0.35 - 0.04 0.63 0.35 0.03 0.00 0.03 unch 0.00 0.06 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.09 0.07 0.07 - 0.02 0.17 0.03 0.12 0.09 0.10 - 0.03 0.21 0.07 0.17 0.11 0.14 unch 0.00 0.27 0.11 0.05 0.05 0.05 - 0.01 0.10 0.05 0.05 0.03 0.05 unch 0.00 0.07 0.03 0.23 0.18 0.20 unch 0.00 0.24 0.07 0.04 0.03 0.03 - 0.01 0.16 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.15 0.15 0.15 - 0.01 0.61 0.08 0.11 0.11 0.11 + 0.00 0.13 0.04 0.18 0.14 0.15 - 0.01 0.18 0.04 0.06 0.04 0.05 - 0.01 0.10 0.03 0.04 0.00 0.04 - 0.01 0.08 0.02 0.06 0.06 0.06 unch 0.00 0.06 0.06 0.08 0.07 0.08 + 0.01 0.20 0.07 0.21 0.20 0.21 - 0.05 0.39 0.14 0.29 0.20 0.20 - 0.07 0.60 0.11 1.79 1.63 1.76 - 0.02 2.96 1.40 0.15 0.12 0.14 - 0.02 0.20 0.04 0.04 0.03 0.04 + 0.01 0.17 0.01 0.06 0.04 0.05 - 0.01 0.21 0.04 5.68 5.15 5.40 - 0.14 8.21 4.76 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.15 0.10 0.12 unch 0.00 0.20 0.10 0.03 0.02 0.02 unch 0.00 0.04 0.01 0.18 0.10 0.16 - 0.00 0.20 0.01 0.17 0.16 0.17 unch 0.00 0.24 0.13 0.22 0.15 0.18 + 0.01 0.29 0.11 0.28 0.25 0.27 - 0.01 0.37 0.22 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.18 unch 0.00 0.22 0.06 0.18 0.00 0.15 - 0.01 0.26 0.14 0.30 0.25 0.29 unch 0.00 1.05 0.25 0.23 0.19 0.21 - 0.01 0.79 0.19 0.12 0.10 0.10 - 0.01 0.15 0.10 0.15 0.11 0.12 - 0.02 0.19 0.11 0.22 0.22 0.22 - 0.01 0.23 0.10 0.17 0.17 0.17 - 0.00 0.18 0.10 1.23 1.16 1.21 + 0.01 1.52 1.05 0.90 0.88 0.90 - 0.02 1.18 0.84 0.07 0.00 0.07 + 0.01 0.12 0.05 0.19 0.19 0.19 + 0.01 0.40 0.14 1.90 1.73 1.90 + 0.04 3.65 1.75 1.50 1.30 1.41 - 0.09 2.94 1.29 119.73 114.02 118.94 + 5.34 133.88 107.54 0.06 0.05 0.06 + 0.01 0.08 0.05 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.08 0.07 0.07 + 0.01 0.15 0.05 1.81 1.73 1.80 + 0.02 3.19 1.59 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.21 0.00 0.19 - 0.02 0.35 0.17 0.08 0.05 0.08 unch 0.00 0.17 0.05 1.40 1.07 1.31 - 0.01 3.98 0.90 0.20 0.15 0.15 - 0.05 0.50 0.10 0.04 0.03 0.03 unch 0.00 0.21 0.03 0.03 0.02 0.03 unch 0.00 0.16 0.01 0.10 0.10 0.10 unch 0.00 0.14 0.05 9.49 8.43 9.28 + 0.50 13.10 5.96 0.18 0.18 0.18 unch 0.00 0.90 0.15 0.07 0.07 0.07 - 0.00 0.10 0.05 1.06 0.69 0.84 - 0.20 5.70 0.69 0.05 0.02 0.03 + 0.01 0.15 0.02 0.09 0.05 0.09 + 0.05 0.18 0.04 0.06 0.04 0.06 + 0.01 0.12 0.04 0.62 0.46 0.55 + 0.03 2.02 0.34 0.49 0.35 0.40 - 0.00 1.58 0.21 5.40 4.55 4.70 - 0.56 14.00 4.55 0.14 0.10 0.12 - 0.01 0.40 0.02 0.11 0.00 0.10 - 0.01 0.32 0.03 0.02 0.01 0.01 - 0.01 0.29 0.01 0.02 0.02 0.02 - 0.01 0.35 0.02 4.25 3.81 3.95 - 0.20 8.94 3.81 0.04 0.03 0.04 + 0.01 0.13 0.03 0.06 0.00 0.06 unch 0.00 0.40 0.05 0.00 0.00 0.04 unch 0.00 0.10 0.00 0.42 0.32 0.41 + 0.06 0.44 0.10 0.07 0.07 0.07 unch 0.00 0.21 0.07 0.06 0.05 0.06 + 0.00 0.17 0.05 0.23 0.19 0.20 - 0.04 0.92 0.18 0.17 0.14 0.15 - 0.02 0.73 0.14 3.05 3.05 3.05 unch 0.00 3.60 2.60 0.09 0.08 0.09 unch 0.00 0.25 0.08 0.06 0.06 0.06 unch 0.00 0.16 0.00 0.07 0.06 0.06 unch 0.00 0.09 0.06 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.18 0.16 0.18 - 0.01 0.80 0.17 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.18 0.16 0.16 - 0.02 0.49 0.12 0.03 0.03 0.03 - 0.01 0.10 0.03 0.03 0.02 0.02 - 0.00 0.07 0.02 0.41 0.00 0.41 - 0.09 0.90 0.41 0.00 0.00 0.46 unch 0.00 1.75 0.46 0.06 0.05 0.06 - 0.01 0.13 0.05 0.05 0.04 0.05 unch 0.00 0.10 0.04 0.24 0.23 0.23 - 0.00 0.51 0.16 0.36 0.31 0.32 + 0.01 0.77 0.20

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

V 50 Conquest Res V 19 Cons Woodjam CONSOL Coal Rs* N 179 N 1456 CONSOL Energy* N 11023 CONSOL Energy* O 49 Constantine Mt* V 156 Constantine Mt O 26 Contact Gold* Contact Gold V 117 O 74 Contact Mnrls* O 101 Contintl Gold* Contintl Gold T 626 Contintl Prec* O 0 Contintl Prec V 91 Copper Fox Mtl V 484 63 Copper Fox Mtl* O 63 Copper Lake Rs V Copper Mtn Mng T 593 Copper Mtn Mng* O 111 0 Copper North M* O Copper North M V 355 Copper One V 647 5 Copper One * O Copper Reef Mg 2390 Copperbank Res 409 O 344 Copperbank Res* 43 Coral Gold * O Coral Gold V 228 V 631 Cordoba Mnls O 47 Cordoba Mnls* Core Gold V 620 Core Gold* O 115 Core Lithium* O 2 V 845 Cornerstone Ca O 145 Cornerstone Ca* Coro Mining T 167 17 Corsa Coal * O Corsa Coal V 158 Corvus Gold* O 183 Corvus Gold T 734 CR Capital V 26 0 Crazy Horse Res* O Crest Resource 11 Critical Elem V 297 Critical Elem* O 31 V 120 CROPS O 30 Crown Mining* Crown Mining V 108 Cruz Cobalt V 405 Cruz Cobalt* O 108 Crystal Lake V 141 Crystal Lake* O 25 Crystal Peak* O 84 Crystal Peak V 170 O 0 CTGX Mining* Currie Rose Rs V 719 30 CWN M’g Acq V Cyntar Venture 78 Cypress Dev* O 79 Cypress Dev V 332

0.02 unch 0.00 0.07 0.02 0.02 0.02 0.03 0.03 0.03 0.03 - 0.01 0.07 18.15 16.56 17.55 - 0.24 21.13 13.15 19.51 36.14 33.17 34.36 - 0.69 48.12 11.69 13.96 13.12 13.84 + 0.33 18.37 0.12 0.44 0.37 0.37 - 0.03 0.65 0.46 0.57 0.46 0.49 - 0.04 0.86 0.20 0.27 0.25 0.26 - 0.00 0.38 0.27 0.36 0.32 0.35 - 0.04 0.57 0.09 0.17 0.16 0.17 - 0.03 0.45 1.50 1.63 1.53 1.57 + 0.03 3.22 1.98 2.22 2.03 2.10 + 0.01 4.13 0.23 unch 0.00 0.34 0.00 0.00 0.24 0.31 0.33 0.00 0.30 - 0.05 0.46 0.10 0.09 0.10 + 0.02 0.17 0.08 0.07 0.06 0.06 - 0.00 0.12 0.06 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.93 0.85 0.86 - 0.06 1.65 0.86 0.68 0.63 0.63 - 0.06 1.29 0.64 0.00 0.00 0.03 unch 0.00 0.07 0.02 0.05 0.00 0.05 unch 0.00 0.11 0.04 0.09 unch 0.00 0.22 0.16 0.00 0.15 0.10 0.09 0.09 unch 0.00 0.18 0.07 0.03 0.02 0.03 + 0.01 0.03 0.02 0.04 0.06 0.05 0.05 - 0.01 0.12 0.03 0.05 0.00 0.04 - 0.01 0.10 0.29 0.27 0.27 - 0.01 0.35 0.16 0.32 0.38 0.35 0.35 - 0.03 0.44 0.10 0.13 0.12 0.12 - 0.01 0.50 0.08 0.09 0.09 0.09 - 0.00 0.39 0.23 0.29 0.21 0.21 - 0.06 0.38 0.17 0.22 0.17 0.17 - 0.03 0.34 0.10 unch 0.00 0.99 0.40 0.40 0.40 0.14 0.35 0.32 0.35 + 0.01 0.39 0.11 0.26 0.22 0.25 + 0.03 0.28 0.05 0.06 0.05 0.05 - 0.01 0.16 0.59 0.50 0.50 - 0.10 2.25 0.53 0.69 0.10 2.30 0.68 - 0.80 0.68 1.08 2.04 1.74 1.97 + 0.10 2.72 1.39 2.76 2.26 2.59 + 0.10 3.39 0.02 unch 0.00 0.15 0.04 0.04 0.04 0.08 0.00 0.08 unch 0.00 0.18 0.08 0.12 unch 0.00 0.15 0.15 0.12 0.15 0.65 unch 0.00 1.86 0.96 0.89 0.94 0.51 0.72 0.70 0.70 - 0.02 1.44 0.03 0.04 0.03 0.04 + 0.01 0.12 0.06 unch 0.00 0.21 0.10 0.09 0.09 0.07 0.12 0.11 0.11 + 0.01 0.28 0.07 0.08 0.07 0.07 - 0.01 0.41 0.05 0.06 0.05 0.06 - 0.00 0.35 0.30 0.37 0.30 0.33 - 0.02 1.12 0.23 0.27 0.23 0.25 - 0.02 0.84 0.14 0.15 0.14 0.14 - 0.02 0.46 0.19 0.20 0.19 0.19 - 0.01 0.58 0.10 unch 0.00 0.25 0.00 0.00 0.25 0.10 0.09 0.09 - 0.01 0.20 0.04 0.05 0.05 0.05 unch 0.00 0.25 0.03 0.09 0.15 0.11 0.11 - 0.05 0.15 0.13 0.18 0.15 0.15 - 0.01 0.34 0.16 0.24 0.20 0.20 - 0.02 0.43

Dajin Res V 354 Dajin Res* O 369 Dakota Ter Res* O 204 Daleco Res* O 0 O 1 Damara Gold* Danakali* O 68 Debut Dmds 4838 Decade Res V 326 Declan Cobalt 159 O 12 Declan Cobalt* V 42 Deep-South Res DeepRock Min 102 O 82 Defiance Silvr* Defiance Silvr V 295 Delrand Res V 144 Delrey Metals 72 T 1582 Denison Mines X 2306 Denison Mines* Desert Gold* O 0 Desert Gold V 27 Desert Lion V 868 3 Desert Mtn Egy* O Desert Mtn Egy V 177 Detour Gold T 2463 O 51 Diamante Min* Diamcor Mng V 24 O 11 Diamcor Mng* O 66 Diamond Disc* V 4 Diamond Fields O 1 Diamond Fields* Dios Expl V 155 O 113 Discovery Gold* V 80 Discovery Harb V 152 Discovery Met O 8134 Discovery Mnls* V 159 Discovery-Corp District Cop* O 50 District Cop V 3296 Ditem Explor* O 2 DNI Metals 146 DNI Metals* O 215 O 150 Dolat Ventures* 59 Dolly Vard Sil* O Dolly Vard Sil V 245 O 64 Doubleview Cap* V 764 Doubleview Cap DRDGOLD* N 111 Duncan Park H V 587 Dundee Prec Mt T 862 O 201 Dunnedin Vent* Durango Res V 433 Durango Res* O 40 V 161 DV Resources Dynacor Gld Mn T 146 22 Dynacor Gld Mn* O O 8 DynaResource* O 13 Dynasty Gold* Dynasty Gold V 6 E3 Metals* O 1 E3 Metals V 154 V 82 Eagle Graphite O 2 Eagle Graphite* Eagle Plains V 188 V 137 East Africa 78 East Africa * O East Asia Mnls V 307 4 East Asia Mnls* O EastCoal Inc V 0 Eastern Platin T 52 O 8 Eastern Platin* Eastfield Res V 370 O 347 Eastmain Res* Eastmain Res T 1375 21 Eco Oro Mnls 32 Eco Oro Mnls* O eCobalt Solns T 1140 O 753 eCobalt Solns* V 40 Edgewater Expl O 50 Edgewater Expl* O 4 Edison Cobalt* V 297 Edison Cobalt El Capitan Prc* O 142 El Nino Vent* O 150 77 El Nino Vent V Elcora Adv Mat V 209 Elcora Res* O 44 15787 N Eldorado Gold* T 5634 Eldorado Gold Eloro Res* O 3 Eloro Res V 60 Ely Gold Royal V 222 Ely Gold Royal* O 146 Elysee Dev * O 205 Elysee Dev V 168 Emerita Res V 1207 Emgold Mng* O 7 Emgold Mng V 231 V 3 Empire Metals EMX Royalty* X 344 EMX Royalty V 41 O 21 Encanto Potash* V 242 Encanto Potash V 1126 EnCore Energy T 942 Endeavour Mng

0.05 0.07 0.06 0.07 - 0.01 0.20 0.04 0.06 0.04 0.05 - 0.00 0.16 0.09 0.05 0.05 - 0.04 0.10 0.03 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.03 unch 0.00 0.06 0.03 0.03 0.03 0.44 0.59 0.56 0.57 - 0.02 0.69 0.01 0.01 0.00 0.01 + 0.00 0.03 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.22 0.26 0.00 0.25 - 0.02 0.42 0.17 0.27 0.16 0.16 - 0.10 0.30 0.06 0.14 0.12 0.14 + 0.02 0.45 0.07 0.10 0.07 0.10 + 0.02 0.10 0.15 0.18 0.15 0.15 - 0.02 0.35 0.19 0.24 0.19 0.19 - 0.04 0.44 0.28 unch 0.00 2.05 0.40 0.35 0.40 0.21 0.35 0.29 0.32 - 0.03 0.50 0.54 0.77 0.72 0.77 + 0.03 0.89 0.43 0.59 0.54 0.59 + 0.03 0.69 0.12 unch 0.00 0.22 0.00 0.00 0.12 0.14 0.19 0.15 0.15 - 0.04 0.30 0.06 0.08 0.06 0.07 - 0.02 2.35 0.18 0.18 0.18 unch 0.00 0.20 0.01 0.21 0.17 0.18 - 0.03 0.27 0.06 10.33 9.61 9.87 - 0.35 15.40 9.11 0.02 0.09 0.06 0.06 - 0.03 0.24 0.24 0.35 0.34 0.34 + 0.01 0.58 0.17 0.27 0.25 0.27 + 0.01 0.46 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 0.07 0.00 0.07 - 0.04 0.15 0.05 0.05 0.00 0.05 - 0.00 0.10 0.05 0.05 0.05 0.05 + 0.01 0.19 0.00 0.00 0.00 0.00 - 0.00 0.01 0.05 unch 0.00 0.08 0.05 0.05 0.05 0.20 0.23 0.19 0.19 - 0.02 0.54 0.00 0.00 0.00 0.00 - 0.00 0.00 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.02 0.02 0.02 0.02 - 0.01 0.16 0.03 unch 0.00 0.21 0.04 0.03 0.04 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 0.06 0.05 0.06 + 0.01 0.15 0.03 0.05 0.04 0.05 + 0.00 0.12 0.15 0.45 0.24 0.30 - 0.04 5.40 0.26 0.23 0.26 + 0.01 0.84 0.22 0.37 0.31 0.37 + 0.04 1.04 0.29 0.07 0.08 0.08 0.08 - 0.01 0.09 0.05 0.11 0.09 0.09 - 0.02 0.13 1.76 2.23 2.01 2.02 - 0.23 3.44 0.01 0.01 0.01 unch 0.00 0.02 0.01 3.47 3.10 3.42 + 0.21 3.78 2.56 0.09 0.13 0.08 0.08 - 0.06 0.26 0.04 unch 0.00 0.11 0.08 0.07 0.07 0.04 0.05 0.05 0.05 + 0.00 0.08 0.08 0.10 0.08 0.10 - 0.01 0.50 1.50 1.42 1.45 - 0.08 2.26 1.41 1.03 1.85 1.15 1.08 1.11 - 0.03 0.78 unch 0.00 1.40 1.19 1.00 1.19 0.07 unch 0.00 0.22 0.11 0.08 0.11 0.10 unch 0.00 0.27 0.14 0.12 0.14 0.25 unch 0.00 0.48 0.26 0.26 0.26 0.32 0.36 0.35 0.35 - 0.01 0.84 0.10 0.12 0.10 0.12 + 0.01 0.36 0.01 0.09 0.08 0.09 + 0.00 0.18 0.08 0.09 0.08 0.09 + 0.01 0.29 0.20 0.17 0.17 - 0.02 0.37 0.14 0.15 0.13 0.13 - 0.02 0.28 0.10 0.08 0.07 0.08 unch 0.00 0.12 0.03 0.05 0.03 0.05 - 0.00 0.08 0.02 0.10 unch 0.00 0.30 0.00 0.00 0.11 0.17 0.24 0.20 0.21 - 0.03 0.50 0.17 unch 0.00 0.37 0.18 0.18 0.18 0.03 0.04 0.03 0.03 - 0.01 0.06 0.11 0.19 0.16 0.17 - 0.01 0.29 0.14 0.26 0.22 0.23 - 0.03 0.36 0.18 0.18 0.18 unch 0.00 0.45 0.15 0.17 0.00 0.00 unch 0.00 0.34 0.00 0.54 0.80 0.70 0.72 - 0.04 2.10 0.41 0.61 0.52 0.55 - 0.03 1.74 0.10 unch 0.00 0.18 0.10 0.10 0.10 0.07 unch 0.00 0.12 0.07 0.07 0.07 0.04 0.06 0.05 0.06 - 0.00 0.24 0.06 0.08 0.07 0.07 - 0.01 0.36 0.02 0.02 0.02 - 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.04 0.03 0.04 unch 0.00 0.08 0.03 0.12 0.10 0.10 - 0.02 0.56 0.10 0.07 0.09 0.07 0.07 - 0.02 0.44 0.56 0.62 0.55 0.57 - 0.04 1.47 0.74 0.82 0.73 0.76 - 0.05 1.85 0.27 unch 0.00 0.96 0.34 0.34 0.34 0.33 0.50 0.00 0.50 + 0.04 1.27 0.15 0.12 0.12 - 0.03 0.17 0.09 0.11 0.09 0.09 - 0.02 0.13 0.07 0.28 0.00 0.24 - 0.04 0.32 0.20 0.28 0.36 0.00 0.32 - 0.03 0.40 0.02 unch 0.00 0.14 0.02 0.02 0.02 0.04 0.06 0.00 0.04 - 0.00 0.18 0.05 0.07 0.07 0.07 + 0.02 0.22 0.11 unch 0.00 0.30 0.17 0.17 0.17 0.72 1.22 1.17 1.19 - 0.02 1.47 0.91 1.63 1.54 1.55 - 0.05 1.80 0.02 0.12 0.12 0.12 - 0.01 0.22 0.16 0.18 0.16 0.16 - 0.01 0.70 0.05 0.13 0.10 0.12 + 0.02 0.14 16.72 18.56 16.43 16.56 - 1.85 26.86

D-F

2018-12-04 1:39 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / DECEMBER 10â&#x20AC;&#x201C;23, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Endeavour Mng* O 31 N 3601 Endeavr Silver* Endeavr Silver T 711 Endurance Gold V 75 Energy Fuels* X 3402 Energy Fuels T 832 O 145 Enforcer Gold* Enforcer Gold V 427 Engineer Gold V 25 Engold Mines V 453 Engold Mines* O 112 Ensurge* O 110 Entree Res* X 170 Entree Res T 294 O 2 ePower Metals* V 304 ePower Metals Equinox Gold V 1860 Equitorial Ex V 1532 Erdene Res Dev T 561 Erdene Res Dev* O 163 Erin Ventures V 690 O 3 Erin Ventures* Ero Copper* O 1 T 390 Ero Copper Eros Res Corp* O 112 Eros Res Corp V 2179 Eros Res Corp V 2179 Eskay Mng V 246 Essex Minerals V 114 Ethos Gold* O 51 Ethos Gold V 273 V 1374 Euro Manganese Euro Sun Mg* O 20 Euro Sun Mg T 327 EurOmax Res* O 9 EurOmax Res T 204 European Elect* O 947 V 838 European Elect European Metal* O 1846 Eurotin V 334 Everton Res V 597 Everton Res* O 6 Evrim Res V 328 Excellon Res T 239 Excellon Res* O 129 Excelsior Mng* O 145 T 450 Excelsior Mng ExGen Res Inc V 99 Explor Res* O 102 Explor Res V 635 Explorex Res 326 Explorex Res* O 50 V 44 Fabled Copper Fairmont Res* O 5 Falco Res V 804 Falco Res * O 10 Falcon Gold V 168 Fancamp Expl V 302 Far Res 1137 Far Res* O 225 V 121 Fengro Industr Filo Mg Corp V 22 Finlay Minrls V 80 Fiore Gold* O 718 Fiore Gold V 709 Fire River Gol* O 0 Firebird Res V 58 Firesteel Res V 571 Firesteel Res* O 63 Firestone Vent V 64 V 41 Fireweed Zinc Fireweed Zinc* O 3 O 178 Firma Holdings* First Bauxite V 33 First Cobalt * O 493 First Cobalt V 1606 O 12393 First Colombia* First Energy V 8 First Energy* O 0 First Legacy V 65 First Majestic* N 15065 First Majestic T 3410 First Mexican V 517 First Mg Fin T 1404 First Mg Fin * O 1609 First Point* O 34 First Quantum T 13437 V 848 First Vanadium First Vanadium* O 435 V 1137 Fission 3.0 Fission 3.0* O 146 Fission Uran* O 978 Fission Uran T 1995 Five Star Diam V 112 Fjordland Exp* O 60 Fjordland Exp V 73 Focus Graphite* O 1748 V 2562 Focus Graphite Foran Mng V 26 Forsys Metals T 743 Fort St J Nick V 205 O 56 Fortescue Met* Fortuna Silvr T 2157 Fortuna Silvr* N 3757 Fortune Bay V 3 Fortune Bay* O 8 Fortune Mnrls* O 139 Fortune Mnrls T 653 Forum Energy V 100 O 250 Forum Energy* Four Nines 65 59 Fox River Res Fox River Res* O 38 FPX Nickel V 1149 Franco-Nevada* N 2170 Franco-Nevada T 2716 Franklin Mng* O 28 Freedom Egy V 77 Freegold Vent T 113 N 97048 Freeport McMoR* Freeport Res V 32 Fremont Gold V 554 Fremont Gold* O 86 25 Fresnillo plc* O Frontier Lith V 58 V 132 Frontline Gold Full Metal Mnl* O 1 Fura Gems V 169 Fura Gems* O 14 Fusion Gold V 40

13.81 12.47 12.47 - 1.74 21.72 12.58 1.98 1.76 1.85 - 0.08 3.35 1.76 2.61 2.35 2.47 - 0.12 4.40 2.35 0.04 0.03 0.03 - 0.01 0.09 0.03 3.32 2.99 3.28 + 0.15 4.09 1.49 4.41 3.97 4.36 + 0.19 5.38 1.82 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.09 0.07 0.08 + 0.01 0.30 0.07 0.08 0.08 0.08 unch 0.00 0.12 0.08 0.13 0.10 0.13 + 0.01 0.28 0.09 0.10 0.08 0.10 + 0.00 0.21 0.08 0.04 0.03 0.03 - 0.02 0.09 0.02 0.42 0.39 0.40 - 0.01 0.69 0.33 0.55 0.51 0.53 - 0.01 0.85 0.42 0.17 0.00 0.17 unch 0.00 0.55 0.12 0.21 0.20 0.20 unch 0.00 0.75 0.14 0.93 0.85 0.91 unch 0.00 1.39 0.85 0.05 0.04 0.05 + 0.01 0.14 0.02 0.24 0.21 0.24 + 0.01 0.61 0.21 0.18 0.16 0.18 + 0.01 0.49 0.16 0.20 0.12 0.15 + 0.01 0.33 0.09 0.11 0.11 0.11 + 0.01 0.23 0.08 7.80 7.22 7.22 - 0.58 9.17 5.00 10.10 8.98 9.74 - 0.11 12.35 6.39 0.06 0.05 0.05 - 0.01 0.18 0.05 0.08 0.00 0.07 - 0.01 0.23 0.07 0.08 0.00 0.07 - 0.01 0.23 0.07 0.14 0.08 0.13 + 0.04 0.38 0.08 0.08 0.06 0.06 - 0.02 0.22 0.07 0.17 0.15 0.17 + 0.02 0.23 0.09 0.25 0.19 0.23 + 0.02 0.30 0.12 0.22 0.17 0.22 + 0.02 0.25 0.15 0.51 0.00 0.44 - 0.07 1.40 0.42 0.70 0.56 0.56 - 0.12 1.82 0.55 0.11 0.08 0.08 - 0.02 0.24 0.01 0.13 0.11 0.12 - 0.01 0.31 0.02 0.14 0.11 0.12 - 0.01 0.79 0.09 0.19 0.16 0.16 - 0.02 0.93 0.12 0.00 0.00 0.00 - 0.00 0.01 0.00 0.04 0.03 0.04 + 0.01 0.13 0.01 0.04 0.00 0.03 unch 0.00 0.06 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.02 1.33 1.24 1.26 - 0.01 1.70 0.20 0.77 0.69 0.72 - 0.07 2.15 0.68 0.56 0.52 0.53 - 0.06 1.72 0.52 0.75 0.69 0.71 - 0.03 1.21 0.62 1.00 0.92 0.95 - 0.03 1.50 0.82 0.02 0.02 0.02 - 0.01 0.03 0.01 0.02 0.01 0.02 + 0.00 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.34 0.32 0.34 + 0.03 0.65 0.23 0.22 0.22 0.22 unch 0.00 0.31 0.19 0.09 0.08 0.09 unch 0.00 0.09 0.04 0.00 0.00 0.00 unch 0.00 0.10 0.00 0.35 0.31 0.32 - 0.01 1.13 0.29 0.25 0.23 0.23 + 0.00 0.89 0.18 0.04 0.03 0.04 + 0.01 0.08 0.03 0.06 0.06 0.06 - 0.01 0.18 0.06 0.09 0.08 0.08 - 0.01 1.10 0.07 0.07 0.05 0.05 - 0.01 0.88 0.05 0.08 0.05 0.06 - 0.02 0.26 0.06 2.30 2.25 2.25 unch 0.00 2.75 2.00 0.03 0.03 0.03 unch 0.00 0.12 0.02 0.29 0.22 0.22 - 0.04 0.95 0.16 0.38 0.28 0.29 - 0.03 1.18 0.21 0.00 0.00 0.00 unch 0.00 2.41 0.00 0.03 0.00 0.03 unch 0.00 0.09 0.02 0.12 0.10 0.10 - 0.01 0.17 0.07 0.09 0.08 0.08 - 0.00 0.12 0.08 0.07 0.07 0.07 + 0.01 0.19 0.05 0.90 0.00 0.88 - 0.02 2.14 0.74 0.68 0.65 0.65 - 0.05 1.67 0.56 0.03 0.02 0.02 + 0.00 0.13 0.01 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.20 0.17 0.17 - 0.02 1.29 0.14 0.25 0.23 0.23 - 0.02 1.58 0.19 0.00 0.00 0.00 + 0.00 0.00 0.00 0.25 0.00 0.25 unch 0.00 0.43 0.10 0.00 0.00 0.17 unch 0.00 0.32 0.10 0.22 0.20 0.22 unch 0.00 0.25 0.12 5.16 4.59 4.80 - 0.29 8.48 4.66 6.81 6.12 6.38 - 0.38 11.09 6.21 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.28 0.26 0.26 - 0.02 0.64 0.25 0.21 0.19 0.20 - 0.01 0.51 0.18 0.08 0.08 0.08 - 0.01 0.13 0.06 12.93 11.15 12.20 + 0.40 23.05 10.55 1.21 0.94 1.10 - 0.06 1.96 0.22 0.93 0.71 0.82 - 0.09 1.60 0.18 0.29 0.15 0.28 + 0.10 0.30 0.08 0.21 0.11 0.21 + 0.08 0.22 0.02 0.50 0.43 0.49 + 0.02 0.72 0.43 0.66 0.58 0.64 + 0.02 0.89 0.57 0.08 0.06 0.06 - 0.01 0.25 0.06 0.10 0.08 0.08 - 0.00 0.25 0.06 0.12 0.10 0.10 - 0.03 0.38 0.09 0.03 0.02 0.03 + 0.01 0.08 0.01 0.04 0.03 0.04 + 0.01 0.10 0.02 0.32 0.29 0.30 - 0.02 0.62 0.23 0.25 0.19 0.25 + 0.02 0.32 0.09 0.30 0.21 0.24 - 0.07 0.59 0.15 2.95 2.80 2.95 + 0.11 4.30 2.53 4.60 4.22 4.27 - 0.21 7.78 4.22 3.48 3.16 3.21 - 0.18 6.08 3.16 0.22 0.00 0.21 - 0.01 0.50 0.21 0.15 0.00 0.15 - 0.01 0.41 0.10 0.09 0.07 0.07 - 0.00 0.33 0.00 0.12 0.11 0.11 - 0.01 0.38 0.09 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.22 0.22 0.22 unch 0.00 0.80 0.10 0.09 0.00 0.08 + 0.02 0.15 0.05 0.04 0.04 0.04 unch 0.00 0.05 0.04 0.13 0.10 0.10 - 0.02 0.18 0.08 69.90 66.70 68.91 + 0.36 82.61 58.26 92.34 88.94 92.00 + 0.82 106.28 76.53 0.00 0.00 0.00 + 0.00 0.00 0.00 0.03 0.02 0.03 + 0.01 0.10 0.02 0.07 0.07 0.07 - 0.01 0.13 0.06 12.00 10.71 11.94 + 1.17 20.25 10.59 0.09 0.07 0.09 - 0.01 0.10 0.04 0.14 0.14 0.14 - 0.01 0.22 0.09 0.11 0.10 0.11 - 0.00 0.17 0.07 10.09 9.35 9.35 - 0.50 19.93 9.45 0.35 0.32 0.32 - 0.02 0.85 0.30 0.02 0.01 0.02 + 0.01 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.12 0.00 0.35 0.32 0.33 + 0.02 1.13 0.30 0.26 0.23 0.23 - 0.02 1.23 0.23 0.16 0.15 0.15 unch 0.00 0.30 0.14

Gabriel Res V 21 Gabriel Res* O 13 V 379 Gainey Capital Galane Gold * O 7 Galane Gold V 117 V 555 Galantas Gold Galantas Gold* O 90 Galore Res V 60 Galway Gold * O 87 Galway Gold V 67 Galway Mtls* O 30 Galway Mtls V 218 GAR Limited 10532 Garibaldi Res V 698 Garibaldi Res * O 81 V 1146 Gatling Explor General Moly T 7 X 1288 General Moly* Generation Min* O 8 Generation Min 95 Generic Gold 266 Genesis Mtls* O 844 Genesis Mtls V 1004 Genius Metals 99 Gensource Pot V 1130 Gentor Res V 426 Geomega Res V 231 O 20 Geomega Res* Gespeg Cop Res V 207 Getty Copper V 630 GFG Resources V 656 O 287 GFG Resources* GGL Res* O 5 GGL Res V 58 GGX Gold V 831 GGX Gold* O 105 Giga Metals V 221 Giga Metals* O 75 Gitennes Expl V 206 Giyani Gold V 173

0.33 0.32 0.33 + 0.01 0.45 0.29 0.25 0.23 0.25 + 0.01 0.34 0.22 0.07 0.05 0.05 - 0.03 0.15 0.04 0.05 0.04 0.04 - 0.01 0.06 0.03 0.06 0.05 0.05 - 0.01 0.07 0.05 0.15 0.12 0.12 - 0.01 0.15 0.08 0.10 0.08 0.09 - 0.01 0.10 0.06 0.05 0.04 0.05 unch 0.00 0.06 0.01 0.09 0.08 0.08 - 0.01 0.12 0.07 0.12 0.11 0.11 - 0.01 0.64 0.10 0.15 0.14 0.15 + 0.01 0.31 0.10 0.23 0.18 0.23 + 0.04 0.39 0.13 0.16 0.11 0.12 - 0.04 0.65 0.07 1.18 0.98 1.17 + 0.12 4.95 0.98 0.90 0.73 0.90 + 0.12 3.79 0.73 0.58 0.37 0.39 - 0.05 0.58 0.13 0.24 0.22 0.24 unch 0.00 0.63 0.22 0.18 0.16 0.16 - 0.01 0.46 0.16 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.11 0.10 0.10 - 0.01 0.20 0.08 0.07 0.04 0.04 - 0.02 0.32 0.04 0.06 0.05 0.05 - 0.01 0.12 0.04 0.08 0.06 0.07 - 0.01 0.15 0.05 0.23 0.16 0.18 - 0.06 0.25 0.12 0.11 0.10 0.11 + 0.01 0.16 0.07 0.08 0.07 0.08 unch 0.00 0.14 0.06 0.09 0.08 0.08 - 0.01 0.20 0.06 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.04 0.03 0.04 unch 0.00 0.05 0.02 0.04 0.04 0.04 unch 0.00 0.07 0.02 0.26 0.18 0.19 + 0.01 0.60 0.17 0.19 0.14 0.14 - 0.01 0.44 0.14 0.05 0.05 0.05 unch 0.00 0.13 0.05 0.10 0.07 0.07 - 0.01 0.18 0.07 0.06 0.06 0.06 unch 0.00 0.16 0.05 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.20 0.19 0.20 unch 0.00 0.81 0.15 0.15 0.15 0.15 - 0.01 0.64 0.12 0.03 0.03 0.03 unch 0.00 0.15 0.03 0.14 0.12 0.12 - 0.02 0.40 0.12

G-H

20-22_DEC10_StockTables.indd 21

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Giyani Gold* O 101 Glacier Lake* O 10 Glacier Lake V 472 O 258 Gldn Predator* Gldn Predator V 369 82 Glen Eagle Res V Glencore Plc* O 1260 V 898 Global Atomic Global Atomic* O 453 O 310 Global Cobalt* Global Energy V 94 O 47 Global Energy* Global Gold* O 0 O 40 Global Hunter* Global Li-Ion 36 Global Li-Ion* O 4 Global Vanad* O 1 Global Vanad V 410 GlobalMin Vent* O 7 Globex Mng* O 11 Globex Mng T 114 GMV Minerals V 724 GMV Minerals* O 30 O 12500 GNCC Capital* Go Cobalt* O 3 Go Cobalt 221 GobiMin V 52 GoGold Res T 571 Gold Dynamics* O 1342 Gold Fields* O 10 Gold Fields* N 19019 47 Gold Finder Ex* O Gold Finder Ex V 790 Gold Lakes* O 5 Gold Reserve* O 410 Gold Reserve V 28 Gold Resource* X 1506 Gold Rush Cari V 216 Gold Std Vents T 452 Gold Std Vents* X 2059 Goldbank Mng V 0 Goldcliff Res* O 6 Goldcliff Res V 40 Goldcorp T 12640 Goldcorp* N 33713 Golden Arrow V 447 Golden Arrow* O 193 O 30 Golden Band* Golden Dawn Ml V 276 59 Golden Dawn Ml* O Golden Goliath* O 101 V 100 Golden Goliath Golden Harp* O 0 Golden Harp V 20 Golden Hope V 44 O 35 Golden Hope* Golden Mnls T 14 Golden Mnls* X 436 Golden Peak Mn* O 87 Golden Peak Mn V 345 Golden Pursuit V 113 T 340 Golden Queen Golden Queen* O 162 Golden Ridge V 5560 Golden Secret V 77 Golden Share V 272 Golden Star T 282 Golden Star* X 1880 Golden Tag V 105 Golden Valley V 130 Golden Valley* O 71 Goldex Res* O 8 Goldex Res V 64 T 340 Goldgroup Mng Goldgroup Mng* O 108 GoldMining T 676 GoldMining* O 456 GoldON Res V 99 GoldON Res* O 15 O 16 Goldplay Expl* Goldplay Expl V 152 V 429 GoldQuest Mng Goldrea Res 10 Goldrea Res* O 30 Goldrich Mng* O 89 O 8 Goldsource Min* Goldsource Min V 223 Goldstar Mnls V 9 Goldstream Mnl V 78 V 444 Goldstrike Res GoldTrain Res 8 Goliath Res V 750 Goliath Res* O 494 Gossan Res V 141 GoviEx Uranium* O 742 V 1723 GoviEx Uranium Gowest Gold* O 533 Gowest Gold V 1493 GPM Metals V 1384 O 36 Gran Colombia* Gran Colombia T 448 Granada Gold V 222 Granada Gold* O 13 V 1394 Grande Portage Grande Portage* O 38 Graphite Egy* O 177 Graphite Egy 46 O 475 Graphite One* Graphite One V 1629 Gratomic V 6468 Gratomic* O 27 Gray Rock Res V 291 Great Atlantic V 5023 Great Bear Res V 929 Great Bear Res* O 124 Great Lakes Gr* O 342 Great Lakes Gr V 241 Great Panther T 667 Great Panther* X 2125 V 185 Great Thunder Great Western* O 55 Green River 100 Green Swan Cap V 906 V 693 Greencastle Rs Greenland M&En* O 418 V 5 Greenshield Ex Grenville Gold 8 Grid Metals V 64 Grid Metals* O 56 O 170 Grizzly Discvr* Grizzly Discvr V 177 Group Eleven V 202 Group Ten Mtls* O 3 51 Group Ten Mtls V GrowMax Res* O 395 GrowMax Res V 212 GT Gold V 4157 O 192 GT Gold * GTA Res & Mng V 348 V 40 Guerrero Vents Guerrero Vents* O 3 Gungnir Res* O 135 Gungnir Res V 263 V 13 Gunpoint Expl Guyana Gldflds T 2210 V 353 Guyana Goldstr Guyana Goldstr* O 2 O 0 Handa Mining* Handa Mining V 157 O 25 Handeni Gold* Hannan Metals V 81 O 35 Hannan Metals* Happy Ck Mnrls V 48 V 42 Harfang Explor Harmony Gold* N 9457 Harte Gold T 1146 Harte Gold* O 253 O 208 Harvest Gold* Harvest Gold V 830 O 16 Havilah Mining* Havilah Mining V 72 O 18 Hawkeye Gld&Di* Hawkeye Gld&Di V 459 V 7 Heatherdale Rs Hecla Mining* N 23881 Helio Res V 65 Helio Res* O 6 Hellix Vent* O 92 Hemcare Health* O 5 Heron Res* O 26 HFX Holding V 50 Highbank Res V 258 Highland Copp V 76

0.11 0.09 0.11 - 0.01 0.31 0.09 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.02 0.02 0.02 - 0.01 0.11 0.02 0.19 0.15 0.16 - 0.03 0.74 0.16 0.25 0.21 0.21 - 0.04 0.87 0.21 0.15 0.13 0.13 - 0.01 0.25 0.11 7.53 7.11 7.40 + 0.24 11.68 7.11 0.40 0.28 0.40 + 0.10 0.45 0.20 0.23 0.21 0.23 + 0.00 0.31 0.16 0.00 0.00 0.00 + 0.00 0.43 0.00 0.07 0.00 0.06 - 0.01 0.27 0.06 0.05 0.04 0.04 - 0.01 0.22 0.04 0.00 0.00 1.85 unch 0.00 5.77 1.78 0.01 0.00 0.01 unch 0.00 0.10 0.00 0.09 0.08 0.09 + 0.01 0.70 0.08 0.06 0.00 0.06 + 0.01 0.55 0.06 0.16 0.16 0.16 - 0.01 0.16 0.16 0.25 0.00 0.19 - 0.04 0.28 0.20 1.16 1.00 1.05 - 0.25 140.00 0.55 0.26 0.23 0.26 + 0.02 0.40 0.19 0.35 0.31 0.35 + 0.06 0.51 0.25 0.12 0.10 0.10 - 0.04 0.35 0.10 0.11 0.07 0.08 - 0.03 0.26 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.18 0.18 0.18 unch 0.00 0.26 0.12 0.33 0.28 0.30 unch 0.00 0.38 0.07 0.33 0.33 0.33 unch 0.00 0.44 0.30 0.22 0.20 0.22 + 0.01 0.53 0.19 0.00 0.00 0.00 - 0.00 0.01 0.00 2.97 2.97 2.97 unch 0.00 4.25 2.40 3.14 2.90 2.93 - 0.12 4.54 2.20 0.06 0.04 0.04 - 0.02 1.33 0.04 0.09 0.06 0.07 - 0.02 1.85 0.06 0.04 0.00 0.04 + 0.02 0.10 0.02 2.43 0.00 2.40 + 0.25 3.56 1.84 3.23 2.65 3.00 + 0.17 4.53 2.50 3.90 3.61 3.82 - 0.02 7.33 3.61 0.11 0.10 0.11 + 0.01 0.35 0.10 1.66 1.46 1.59 - 0.03 2.46 1.46 1.25 1.09 1.21 - 0.01 2.01 1.09 0.00 0.00 0.14 unch 0.00 0.21 0.13 0.07 0.06 0.07 + 0.01 0.41 0.04 0.07 0.06 0.07 + 0.01 0.52 0.06 12.93 12.17 12.32 - 0.26 19.32 11.00 9.80 9.13 9.28 - 0.14 15.55 8.42 0.29 0.26 0.27 - 0.02 0.72 0.22 0.21 0.19 0.20 - 0.00 0.58 0.17 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.04 0.00 0.04 unch 0.00 0.62 0.03 0.04 0.03 0.03 - 0.00 0.31 0.03 0.02 0.01 0.02 + 0.02 0.05 0.00 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.00 0.00 0.08 unch 0.00 0.10 0.08 0.13 0.00 0.13 - 0.05 0.20 0.01 0.08 0.00 0.08 - 0.01 0.11 0.06 0.07 0.07 0.07 unch 0.00 0.09 0.05 0.33 0.00 0.31 - 0.01 0.60 0.26 0.26 0.23 0.23 - 0.01 0.49 0.19 0.17 0.17 0.17 + 0.00 0.41 0.15 0.23 0.20 0.20 - 0.02 0.56 0.16 0.10 0.10 0.10 - 0.01 0.21 0.08 0.15 0.11 0.15 + 0.03 0.24 0.11 0.10 0.08 0.10 + 0.00 0.19 0.08 0.15 0.09 0.09 - 0.04 0.54 0.09 2.09 1.95 2.08 - 0.02 5.00 1.95 0.15 0.11 0.13 - 0.01 0.30 0.09 3.96 3.24 3.96 + 0.38 5.70 3.24 2.99 2.43 2.95 + 0.22 4.60 2.43 0.07 0.06 0.06 - 0.02 0.08 0.03 0.25 0.24 0.25 + 0.01 0.30 0.22 0.19 0.18 0.18 - 0.00 0.25 0.16 0.16 0.14 0.14 - 0.02 1.96 0.14 0.23 0.19 0.19 unch 0.00 2.56 0.16 0.05 0.05 0.05 - 0.01 0.09 0.05 0.04 0.03 0.03 + 0.00 0.07 0.03 0.87 0.78 0.83 + 0.03 1.54 0.73 0.66 0.58 0.63 + 0.03 1.21 0.55 0.15 0.13 0.15 unch 0.00 0.20 0.12 0.10 0.10 0.10 unch 0.00 0.13 0.09 0.18 0.16 0.16 - 0.02 0.20 0.16 0.24 0.21 0.21 - 0.02 0.32 0.16 0.11 0.10 0.11 - 0.01 0.46 0.09 0.05 0.00 0.05 unch 0.00 0.38 0.04 0.04 0.03 0.03 - 0.01 0.30 0.03 0.02 0.02 0.02 - 0.00 0.04 0.02 0.06 0.04 0.05 - 0.00 0.10 0.03 0.07 0.06 0.06 - 0.01 0.12 0.05 0.05 0.05 0.05 unch 0.00 0.12 0.03 0.08 0.07 0.07 unch 0.00 0.18 0.04 0.10 0.07 0.10 + 0.02 0.25 0.07 0.14 0.13 0.13 unch 0.00 0.40 0.12 0.09 0.08 0.09 + 0.02 0.33 0.07 0.07 0.00 0.06 - 0.00 0.21 0.06 0.08 0.06 0.06 - 0.01 0.12 0.05 0.15 0.13 0.15 + 0.02 0.27 0.13 0.20 0.17 0.20 + 0.03 0.33 0.17 0.03 0.02 0.02 - 0.01 0.14 0.03 0.04 0.03 0.04 - 0.01 0.20 0.03 0.05 0.04 0.04 unch 0.00 0.08 0.04 1.99 1.80 1.92 - 0.12 2.62 1.39 2.69 2.37 2.53 - 0.14 3.45 1.80 0.17 0.00 0.15 - 0.02 0.42 0.12 0.13 0.12 0.12 - 0.01 0.33 0.10 0.18 0.10 0.11 - 0.05 0.34 0.12 0.13 0.08 0.08 - 0.05 0.25 0.11 0.05 0.02 0.02 - 0.02 1.56 0.02 0.06 0.03 0.03 - 0.04 1.76 0.03 0.04 0.03 0.04 - 0.00 0.09 0.03 0.05 0.04 0.04 - 0.01 0.12 0.04 0.16 0.13 0.14 unch 0.00 0.32 0.08 0.12 0.11 0.11 + 0.01 0.21 0.06 0.10 0.06 0.10 + 0.04 0.25 0.05 0.10 0.06 0.09 + 0.02 0.15 0.05 2.89 2.19 2.59 - 0.18 3.50 0.28 2.13 1.65 1.94 - 0.28 2.65 0.21 0.03 0.01 0.02 - 0.01 0.08 0.01 0.03 0.02 0.03 unch 0.00 0.08 0.02 0.82 0.72 0.82 + 0.02 1.86 0.70 0.62 0.54 0.62 + 0.05 1.45 0.54 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.00 0.00 0.00 - 0.00 0.01 0.00 0.06 0.05 0.06 + 0.01 0.09 0.03 0.03 0.03 0.03 - 0.01 0.09 0.03 0.06 0.05 0.05 - 0.01 0.18 0.05 0.06 0.05 0.06 - 0.00 0.09 0.05 0.11 0.11 0.11 unch 0.00 0.15 0.10 0.40 0.00 0.40 unch 0.00 0.70 0.12 0.07 0.06 0.06 - 0.01 0.52 0.05 0.05 0.04 0.04 - 0.01 0.37 0.04 0.07 0.06 0.06 - 0.01 0.11 0.03 0.09 0.07 0.08 - 0.02 0.15 0.04 0.11 0.10 0.11 + 0.01 0.40 0.10 0.12 0.12 0.12 unch 0.00 0.23 0.10 0.15 0.14 0.15 - 0.01 0.28 0.14 0.07 0.06 0.06 - 0.01 0.13 0.05 0.09 0.08 0.09 - 0.01 0.19 0.08 1.09 0.77 0.79 - 0.32 2.15 0.41 0.82 0.58 0.61 - 0.24 1.62 0.31 0.03 0.02 0.02 - 0.01 0.06 0.02 0.09 0.07 0.09 unch 0.00 0.30 0.07 0.09 0.09 0.09 unch 0.00 0.09 0.09 0.07 0.00 0.06 + 0.00 0.29 0.05 0.09 0.08 0.09 unch 0.00 0.39 0.08 0.46 0.00 0.46 + 0.01 0.55 0.16 1.37 1.24 1.35 + 0.02 5.42 1.24 0.28 0.25 0.28 + 0.03 0.39 0.19 0.20 0.19 0.20 - 0.00 0.28 0.14 0.00 0.00 0.05 unch 0.00 0.10 0.04 0.06 0.06 0.06 unch 0.00 0.18 0.05 0.04 0.00 0.04 + 0.00 0.13 0.02 0.10 0.08 0.09 + 0.01 0.39 0.07 0.07 0.05 0.07 + 0.02 0.31 0.05 0.16 0.15 0.16 + 0.02 0.23 0.13 0.21 0.19 0.19 unch 0.00 0.34 0.18 1.63 1.49 1.50 - 0.13 2.53 1.43 0.37 0.35 0.36 - 0.01 0.55 0.29 0.28 0.26 0.27 - 0.00 0.44 0.22 0.05 0.03 0.04 - 0.00 0.08 0.03 0.06 0.05 0.05 unch 0.00 0.10 0.04 0.24 0.00 0.22 - 0.01 0.35 0.20 0.31 0.31 0.31 unch 0.00 0.69 0.25 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.05 0.04 0.04 - 0.01 0.12 0.04 0.03 0.03 0.03 - 0.01 0.07 0.02 2.63 2.34 2.38 - 0.17 4.63 2.17 0.07 0.00 0.07 unch 0.00 0.38 0.07 0.05 0.04 0.04 - 0.00 0.25 0.00 0.01 0.01 0.01 unch 0.00 0.04 0.01 1.12 0.75 1.09 - 0.01 1.38 0.05 0.44 0.42 0.44 + 0.02 0.70 0.37 0.06 0.06 0.06 unch 0.00 0.12 0.04 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.10 0.09 0.10 + 0.01 0.16 0.06

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Highland Copp* O 47 57 Highway 50 Gld V HiHo Silver 184 V 373 Hinterland Mtl Hochschild Mg* O 15 Honey Badger E V 313 T 474 Horizonte Mnls Hornby Bay Mnl V 117 HudBay Mnls* N 4475 HudBay Mnls T 7312 Hudson Res V 216 Hudson Res* O 39 Hunt Mng* O 48 Hunt Mng V 4 Hut 8 Mining* O 112 Hut 8 Mining V 242 V 70 Hybrid Mineral Hycroft Mg* O 270

0.08 0.07 0.07 - 0.00 0.13 0.04 0.23 0.19 0.19 - 0.04 0.48 0.21 0.05 0.04 0.05 + 0.01 0.14 0.03 0.03 0.03 0.03 - 0.01 0.05 0.02 2.10 0.00 2.10 - 0.07 3.55 1.96 0.04 0.04 0.04 unch 0.00 0.20 0.04 0.04 0.03 0.04 unch 0.00 0.11 0.03 0.03 0.03 0.03 - 0.01 0.08 0.00 5.28 4.66 5.08 + 0.24 10.25 3.44 7.00 6.20 6.74 + 0.29 12.65 4.51 0.46 0.42 0.44 + 0.02 0.64 0.38 0.35 0.31 0.34 - 0.00 0.52 0.29 0.11 0.11 0.11 unch 0.00 0.41 0.10 0.15 0.00 0.15 + 0.02 0.51 0.13 1.54 1.24 1.37 - 0.13 3.74 1.24 2.02 1.61 1.85 - 0.17 5.00 0.05 0.11 0.09 0.09 - 0.01 0.55 0.06 0.01 0.01 0.01 unch 0.00 0.07 0.01

I-Minerals V 92 I-Minerals* O 57 17979 IAMGOLD* N IAMGOLD T 5796 Iconic Mnls * O 87 Iconic Mnls V 411 IDM Mining* O 587 IDM Mining V 7439 IEMR Res V 14 iMetal Res V 2345 iMetal Res* O 136 IMPACT Silver V 607 Imperial Metal T 293 Imperial Metal* O 9 Imperial Mg Gr V 198 Inca One Gold* O 10 Inca One Gold V 515 Inception Mng * O 34 Independence G* O 1 Independence G V 142 Indiana Res* O 5 Indico Res V 330 Indigo Expl V 364 Infinite Lith V 63 Infinite Lith* O 13 Inform Res V 60 Inomin Mines V 22 Intact Gold V 175 Integra Res* O 30 Integra Res V 515 Inter-Rock Mnl V 170 Intercontinent V 1534 Intercontinent* O 168 Intgr Egy Sol* O 80624 Intl Battery* O 276 Intl Battery 285 Intl Bethl Mng* O 13 Intl Bethl Mng V 307 Intl Cobalt* O 137 Intl Cobalt 687 Intl Corona V 275 Intl Lithium* O 88 Intl Lithium V 363 Intl Montoro* O 1 Intl Montoro V 202 Intl Prospect * O 15 Intl Prospect V 16 Intl Samuel Ex V 823 Intl Star* O 30796 Intl Tower Hil* X 368 Intl Tower Hil T 30 Intrepid Pots* N 2330 INV Metals* O 3 INV Metals T 78 Inventus Mg V 79 Inventus Mg * O 100 InZinc Mining* O 144 InZinc Mining V 686 O 343 Ireland* Ironside Res V 200 Ironside Res * O 0 Irving Res 867 Irving Res* O 644 IsoEnergy Ltd V 182 Itafos* O 132 Itafos V 101 Itoco Inc* O 0 Ivanhoe Mines* O 657 Ivanhoe Mines T 3368 Jade Leader* O 0 Jade Leader V 224 Jaeger Res V 7 Jaguar Mng T 1421 Jaguar Mng* O 571 Japan Gold V 581 Japan Gold* O 175 Jasper Mng V 509 Jaxon Mining* O 89 Jaxon Mining V 1064 Jayden Res* O 0 Jayden Res V 150 Jiulian Res V 59 Jourdan Res V 146 Jubilee Gold V 0 Jubilee Metals* O 995 Juggernaut Exp V 1028 Juggernaut Exp* O 103 Jupiter Gold* O 0 K2 Gold V 146 K92 Mng Inc* O 497 K92 Mng Inc V 756 Kaizen Discov V 760 Kapuskasing Gd* O 50 Kapuskasing Gd V 224 Karmin Expl V 58 Karnalyte Res T 66 Karoo Expl V 715 KAT Expl* O 357704 Katanga Mng T 1421 Kenadyr Mining V 161 Kenadyr Mining* O 25 Kermode Res V 1189 Kerr Mines* O 59 Kerr Mines T 307 Kesselrun Res V 287 Kestrel Gold V 263 Khan Res 174 Kilo Goldmines* O 130 Kilo Goldmines V 3437 Kincora Copper* O 110 Kincora Copper V 135 Kings Bay Res V 264 V 31 Kingsmen Res Kingsmen Res* O 11 Kinross Gold T 15740 Kinross Gold* N 60748 Kintavar Exp V 1933 Kirkland Lake* N 4218 Kirkland Lake T 3105 Klondike Gold* O 230 Klondike Gold V 657 Klondike Silv* O 0 Klondike Silv V 274 Knick Expl V 1745 Kombat Copper V 48 Komet Resource V 192 Kootenay Silvr* O 114 Kootenay Silvr V 613 Kootenay Zinc 686 Kootenay Zinc* O 31 Kore Mining V 50 Kutcho Copper * O 87 KWG Res 535

0.18 0.15 0.15 - 0.02 0.35 0.14 0.12 0.12 0.12 unch 0.00 0.28 0.12 3.30 3.00 3.05 - 0.16 6.52 2.75 4.34 4.00 4.03 - 0.23 8.20 3.64 0.10 0.08 0.08 - 0.01 0.28 0.05 0.13 0.11 0.11 - 0.01 0.43 0.05 0.05 0.04 0.04 - 0.00 0.10 0.03 0.06 0.06 0.06 + 0.01 0.12 0.04 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.13 0.11 0.12 + 0.01 0.18 0.07 0.10 0.09 0.09 + 0.00 0.12 0.05 0.24 0.20 0.21 - 0.04 0.56 0.20 1.65 1.11 1.21 + 0.08 3.47 0.93 1.19 0.87 0.92 + 0.01 2.77 0.72 0.08 0.07 0.08 unch 0.00 0.27 0.05 0.04 0.03 0.04 + 0.00 0.09 0.03 0.05 0.04 0.04 unch 0.00 0.11 0.04 0.12 0.11 0.12 unch 0.00 0.33 0.05 0.03 0.00 0.03 - 0.00 0.10 0.03 0.06 0.05 0.06 + 0.01 0.14 0.04 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.01 0.02 + 0.01 0.04 0.01 0.14 0.00 0.12 - 0.02 0.45 0.09 0.11 0.09 0.09 - 0.02 0.34 0.08 0.07 0.00 0.07 - 0.01 0.31 0.07 0.05 0.05 0.05 unch 0.00 0.20 0.03 0.07 0.06 0.06 - 0.01 1.18 0.06 0.57 0.52 0.55 + 0.01 1.83 0.05 0.75 0.69 0.70 unch 0.00 1.40 0.68 0.25 0.20 0.21 - 0.02 0.59 0.20 0.25 0.20 0.25 + 0.04 0.65 0.14 0.16 0.15 0.16 unch 0.00 0.47 0.12 0.00 0.00 0.00 + 0.00 0.00 0.00 0.14 0.11 0.13 - 0.01 0.69 0.10 0.19 0.15 0.17 - 0.02 0.89 0.13 0.02 0.02 0.02 unch 0.00 0.13 0.02 0.05 0.04 0.05 + 0.01 0.17 0.03 0.05 0.03 0.03 - 0.02 0.31 0.04 0.06 0.04 0.05 - 0.02 0.45 0.05 0.05 0.03 0.03 - 0.02 0.08 0.03 0.05 0.04 0.04 - 0.00 0.18 0.04 0.06 0.05 0.05 - 0.01 0.23 0.05 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.05 0.05 0.05 unch 0.00 0.08 0.04 0.11 0.11 0.11 + 0.02 0.25 0.10 0.20 0.15 0.20 + 0.01 0.38 0.12 0.05 0.04 0.05 + 0.01 0.22 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.41 0.35 0.39 - 0.01 0.78 0.29 0.54 0.48 0.52 unch 0.00 0.99 0.38 3.60 3.29 3.32 - 0.13 5.31 3.12 0.32 0.32 0.32 - 0.00 0.61 0.26 0.45 0.42 0.45 unch 0.00 0.85 0.35 0.15 0.14 0.15 + 0.01 0.34 0.11 0.09 0.09 0.09 unch 0.00 0.27 0.08 0.04 0.04 0.04 - 0.00 0.19 0.03 0.06 0.05 0.05 unch 0.00 0.24 0.04 0.10 0.06 0.10 + 0.00 0.19 0.05 0.14 0.14 0.14 unch 0.00 0.16 0.08 0.00 0.00 0.06 unch 0.00 0.12 0.06 1.87 1.36 1.69 + 0.34 1.87 0.66 1.42 1.05 1.27 + 0.25 1.42 0.52 0.44 0.38 0.42 + 0.02 0.73 0.27 0.91 0.00 0.87 - 0.06 2.25 0.87 1.20 1.02 1.15 - 0.05 2.90 1.00 0.00 0.00 0.20 unch 0.00 0.57 0.02 1.99 1.83 1.96 + 0.04 3.60 1.53 2.65 2.44 2.65 + 0.11 4.54 2.00 0.00 0.00 0.23 unch 0.00 0.38 0.14 0.25 0.20 0.25 + 0.04 0.50 0.18 0.03 0.00 0.03 unch 0.00 0.05 0.02 0.21 0.18 0.19 - 0.02 0.41 0.18 0.15 0.00 0.14 - 0.02 0.33 0.13 0.17 0.11 0.17 + 0.06 0.35 0.07 0.13 0.09 0.13 + 0.04 0.28 0.06 0.10 0.09 0.10 unch 0.00 0.29 0.07 0.08 0.05 0.07 unch 0.00 0.24 0.05 0.10 0.08 0.08 unch 0.00 0.29 0.07 0.00 0.00 0.08 unch 0.00 0.10 0.06 0.13 0.12 0.13 unch 0.00 0.19 0.08 0.13 0.07 0.10 unch 0.00 0.18 0.02 0.05 0.04 0.05 unch 0.00 0.13 0.03 0.00 0.00 0.64 unch 0.00 0.70 0.40 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.14 0.12 0.14 - 0.01 0.59 0.10 0.11 0.10 0.10 - 0.00 1.10 0.10 0.00 0.00 2.25 unch 0.00 2.25 2.00 0.20 0.17 0.17 - 0.03 0.33 0.17 0.55 0.51 0.54 - 0.01 0.79 0.31 0.72 0.67 0.72 + 0.02 1.04 0.41 0.05 0.05 0.05 unch 0.00 0.13 0.05 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.79 0.71 0.71 - 0.07 1.10 0.62 0.31 0.23 0.24 - 0.03 0.61 0.19 0.11 0.07 0.11 + 0.04 1.10 0.06 0.00 0.00 0.00 + 0.00 0.00 0.00 0.53 0.43 0.50 + 0.04 2.83 0.36 0.10 0.10 0.10 - 0.01 0.21 0.08 0.06 0.06 0.06 unch 0.00 0.16 0.05 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.10 0.09 0.10 - 0.00 0.28 0.09 0.13 0.12 0.13 + 0.01 0.34 0.12 0.05 0.04 0.04 + 0.01 0.15 0.04 0.02 0.02 0.02 - 0.01 0.07 0.02 0.06 0.06 0.06 unch 0.00 0.18 0.05 0.02 0.01 0.01 - 0.01 0.06 0.01 0.03 0.02 0.02 - 0.01 0.07 0.01 0.08 0.00 0.08 - 0.04 0.23 0.10 0.14 0.10 0.10 - 0.03 0.32 0.11 0.04 0.04 0.04 + 0.01 0.14 0.03 0.35 0.00 0.33 + 0.04 0.38 0.10 0.25 0.00 0.25 + 0.03 0.29 0.07 3.77 3.34 3.60 + 0.04 5.90 3.15 2.84 2.50 2.71 unch 0.00 4.78 2.38 0.15 0.11 0.14 - 0.01 0.65 0.10 20.79 18.94 20.78 + 1.23 23.86 13.03 27.64 25.23 27.54 + 1.71 30.94 16.54 0.15 0.13 0.15 + 0.01 0.34 0.13 0.20 0.18 0.19 + 0.01 0.44 0.18 0.00 0.00 0.04 unch 0.00 0.08 0.02 0.06 0.05 0.05 - 0.01 0.10 0.04 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.07 0.07 0.07 - 0.01 0.41 0.07 0.22 0.18 0.22 + 0.02 0.48 0.16 0.11 0.08 0.10 + 0.01 0.20 0.08 0.14 0.11 0.13 + 0.01 0.25 0.11 0.08 0.05 0.06 unch 0.00 0.90 0.05 0.06 0.03 0.05 - 0.00 0.66 0.03 0.15 0.14 0.14 unch 0.00 5.00 0.14 0.22 0.19 0.19 - 0.02 0.84 0.19 0.02 0.00 0.01 unch 0.00 0.02 0.01

Labdr Iron Mns* O 111 Labrador Gold V 279 Labrador Iron T 2065 Lara Expl V 113 Laramide Res T 1905 Laredo Res* O 1966 Largo Res T 19858 Largo Res* O 7738 Lateral Gold V 170 Latin Am Mnls V 483 Latin Am Mnls* O 25 Laurion Mnl Ex* O 20 Laurion Mnl Ex V 207 Le Mare Gold* O 5 LeadFX Inc* O 6 Leading Edge* O 286

0.00 0.00 0.00 - 0.00 0.11 0.00 0.17 0.16 0.17 + 0.01 0.35 0.16 30.05 25.80 26.59 - 3.56 31.36 20.44 0.52 0.48 0.48 - 0.07 0.88 0.48 0.49 0.37 0.49 + 0.12 0.55 0.24 0.01 0.01 0.01 + 0.00 0.05 0.00 3.69 2.75 3.66 + 0.06 4.65 0.83 2.81 2.07 2.76 + 0.02 3.56 0.64 0.40 0.28 0.40 + 0.11 0.94 0.28 0.02 0.02 0.02 unch 0.00 0.15 0.02 0.02 0.02 0.02 unch 0.00 0.11 0.01 0.06 0.06 0.06 unch 0.00 0.08 0.02 0.09 0.07 0.09 + 0.01 0.11 0.03 0.07 0.06 0.06 - 0.01 0.63 0.00 0.73 0.00 0.73 - 0.04 1.57 0.65 0.22 0.18 0.18 - 0.03 0.80 0.19

I-J-K

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Leading Edge V 329 Leagold Mg T 1484 Leagold Mg* O 227 Leeta Gold V 7023 Leo Res* O 5 74 Lepanto Con Mg* O Levon Res Ltd T 172 88 Levon Res Ltd * O Libero Copper V 190 Liberty Gold* O 296 Liberty One Li V 184 Liberty One Li* O 654 LiCo Energy* O 111 LiCo Energy V 147 Lincoln Mng V 412 Lion One Mtls V 171 Lion One Mtls* O 96 Lions Bay Cap V 500 Lithium Amer T 576 Lithium Amer* N 511 Lithium Chile* O 79 Lithium Chile V 111 Lithium Corp* O 374 O 1 Lithium Energi* Lithium Energi V 25 V 78 Lithium Energy Lithium Expl* O 721 Lithoquest Dia V 526 O 1 Lithoquest Dia* LKA Gold* O 13 Logan Res* O 3 Lomiko Mtls* O 141 Lomiko Mtls V 391 Loncor Res* O 10 Loncor Res T 35 Lone Star Gold* O 260 Lonmin plc* O 27 Lonmin plc* O 0 O 64 Lorraine Coppr* Lorraine Coppr V 261 Los Andes Copp V 232 LSC Lithium* O 29 Lucara Diam T 1453 Lucky Mnls V 879 Lucky Mnls * O 288 Luckystrike * O 196 Luckystrike V 215 Lumina Gold* O 52 Lumina Gold V 500 Luminex Res V 56 Lundin Gold T 59 Lundin Mng T 11904 Lupaka Gold V 144 Lydian Intl* O 79 Lydian Intl T 2635 Lynas Corp* O 343 Lynas Corp* O 72

0.30 0.23 0.23 - 0.05 1.01 0.25 1.55 1.33 1.47 + 0.05 3.25 1.28 1.17 0.95 1.11 + 0.01 2.66 0.95 0.37 0.27 0.30 - 0.02 4.05 0.27 0.15 0.10 0.11 - 0.03 0.86 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.15 0.12 0.13 - 0.01 0.39 0.12 0.11 0.00 0.09 - 0.02 0.32 0.09 0.10 0.07 0.09 + 0.02 0.15 0.07 0.25 0.21 0.25 + 0.00 0.42 0.21 0.13 0.07 0.09 - 0.04 1.60 0.07 0.10 0.05 0.06 - 0.03 1.28 0.05 0.10 0.08 0.09 + 0.02 0.18 0.01 0.14 0.11 0.11 - 0.01 2.00 0.10 0.02 0.02 0.02 - 0.01 0.05 0.01 0.43 0.39 0.40 - 0.02 0.76 0.40 0.33 0.30 0.30 - 0.02 0.62 0.30 0.05 0.05 0.05 unch 0.00 0.17 0.04 5.36 4.80 5.05 - 0.06 13.84 4.00 4.03 3.61 3.81 - 0.00 10.78 3.04 0.45 0.38 0.41 - 0.03 0.97 0.38 0.58 0.52 0.53 - 0.08 1.35 0.52 0.14 0.10 0.12 - 0.01 0.62 0.10 0.21 0.21 0.21 - 0.00 0.57 0.18 0.28 0.25 0.26 unch 0.00 0.76 0.24 0.17 0.12 0.14 + 0.03 1.30 0.09 0.01 0.01 0.01 + 0.00 0.13 0.01 0.20 0.14 0.16 - 0.04 0.88 0.14 0.14 0.14 0.14 unch 0.00 0.51 0.14 0.14 0.12 0.14 + 0.01 0.30 0.05 0.00 0.00 0.00 unch 0.00 0.03 0.00 0.04 0.00 0.03 - 0.01 0.24 0.03 0.05 0.04 0.04 unch 0.00 0.31 0.04 0.06 0.06 0.06 unch 0.00 0.09 0.04 0.09 0.09 0.09 - 0.01 0.14 0.06 0.01 0.01 0.01 + 0.00 0.03 0.00 0.69 0.54 0.60 - 0.11 1.24 0.45 0.00 0.00 0.63 unch 0.00 0.90 0.53 0.10 0.09 0.09 - 0.00 0.12 0.01 0.13 0.11 0.12 - 0.01 0.19 0.07 0.22 0.20 0.22 unch 0.00 0.39 0.20 0.40 0.35 0.35 - 0.06 1.31 0.24 1.97 1.78 1.89 - 0.03 2.91 1.78 0.15 0.13 0.13 + 0.01 0.21 0.09 0.11 0.09 0.10 - 0.00 0.16 0.06 0.15 0.15 0.15 unch 0.00 0.35 0.15 0.17 0.14 0.17 + 0.03 0.55 0.14 0.41 0.36 0.40 + 0.03 0.67 0.36 0.55 0.47 0.51 + 0.01 0.85 0.46 0.60 0.56 0.58 + 0.03 1.05 0.51 4.75 4.60 4.75 + 0.15 5.52 4.07 5.87 5.12 5.79 + 0.35 9.21 4.70 0.14 0.00 0.13 + 0.01 0.29 0.12 0.08 0.05 0.05 - 0.03 0.50 0.05 0.10 0.07 0.07 - 0.03 0.63 0.07 1.54 1.48 1.53 + 0.01 2.20 0.20 1.56 1.44 1.51 - 0.04 2.20 0.55

M M.P.V. Explor 625 0.08 0.07 0.07 - 0.02 0.30 0.07 M2 Cobalt* O 2 0.19 0.17 0.17 - 0.02 0.61 0.17 V 753 0.03 0.02 0.03 unch 0.00 0.08 0.02 Macarthur Mnl Macarthur Mnl* O 34 0.01 0.01 0.01 - 0.00 0.06 0.01 O 19 0.03 0.02 0.03 + 0.01 0.09 0.02 MacDonald Mns* MacDonald Mns V 340 0.04 0.03 0.03 unch 0.00 0.14 0.03 T 823 9.47 8.65 8.98 - 0.05 15.97 8.10 MAG Silver Magellan Gold* O 1262 0.03 0.02 0.03 + 0.00 0.06 0.01 0.03 Magna Terra V 150 0.05 0.03 0.03 - 0.01 0.06 Majestic Gold* O 4 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.04 Majestic Gold V 466 0.07 0.06 0.07 - 0.01 0.11 Makena Res* O 4 0.05 0.05 0.05 - 0.00 0.15 0.05 unch 0.00 0.24 0.05 Makena Res 136 0.06 0.00 0.05 Mako Mining V 186 0.18 0.16 0.16 - 0.02 0.29 0.15 0.00 Mako Mining* O 49 0.13 0.00 0.13 + 0.02 0.23 Mammoth Res V 281 0.04 0.03 0.03 unch 0.00 0.16 0.03 0.04 Manado Gold V 220 0.04 0.04 0.04 + 0.01 0.17 T 630 0.07 0.06 0.07 unch 0.00 0.31 0.05 Mandalay Res Mandalay Res* O 261 0.06 0.04 0.05 - 0.00 0.24 0.03 Manganese X* O 100 0.10 0.09 0.09 - 0.01 0.21 0.09 0.11 Manganese X V 841 0.14 0.11 0.12 - 0.03 0.28 V 246 0.03 0.02 0.02 - 0.01 0.05 0.02 Mangazeya Mng Manitou Gold V 1729 0.06 0.04 0.05 - 0.01 0.19 0.04 4 0.05 0.05 0.05 unch 0.00 0.15 0.03 Manitou Gold * O Maple Gold V 702 0.10 0.09 0.10 - 0.01 0.34 0.09 0.07 Maple Gold* O 781 0.08 0.07 0.08 + 0.00 0.27 Marathon Gold* O 84 0.54 0.51 0.54 + 0.00 1.03 0.49 T 543 0.73 0.67 0.71 unch 0.00 1.28 0.65 Marathon Gold Margaret Lake V 175 0.04 0.04 0.04 unch 0.00 0.16 0.03 0.04 Margaux Res V 413 0.06 0.04 0.04 - 0.01 0.35 Margaux Res* O 10 0.04 0.04 0.04 unch 0.00 0.24 0.01 0.01 Marifil Mines* O 53 0.08 0.06 0.06 - 0.01 0.17 Marifil Mines V 112 0.10 0.08 0.08 - 0.02 0.32 0.08 0.07 Maritime Res V 1103 0.10 0.09 0.10 + 0.02 0.14 Marlin Gold V 24 0.13 0.12 0.12 unch 0.00 1.02 0.11 unch 0.00 0.07 0.03 Martina Mnls V 0 0.00 0.00 0.04 MartinMarietta* N 4468 199.12 188.27 190.69 + 3.99 241.33 150.75 unch 0.00 0.15 0.06 Mas Gold V 6 0.06 0.06 0.06 Mason Graphite* O 204 0.49 0.40 0.43 - 0.02 2.25 0.34 Mason Graphite V 413 0.65 0.54 0.56 - 0.04 2.87 0.44 0.11 Mason Res* O 23 0.30 0.29 0.29 - 0.02 0.31 Mason Res T 743 0.40 0.40 0.40 unch 0.00 0.40 0.14 V 5 0.16 0.16 0.16 unch 0.00 0.30 0.15 Matachewan Con Matica Ent* O 47 0.10 0.08 0.08 - 0.00 0.64 0.08 unch 0.00 0.81 0.10 Matica Ent 1741 0.13 0.11 0.12 Maudore Mnrls* O 174 0.00 0.00 0.00 unch 0.00 0.00 0.00 V 20 2.56 2.31 2.40 + 0.01 2.85 1.33 Maverix Metals Maverix Metals* O 16 1.95 1.73 1.78 - 0.06 2.10 1.03 0.22 Mawson Res T 72 0.29 0.22 0.22 - 0.02 0.63 Mawson Res* O 17 0.19 0.19 0.19 - 0.00 0.48 0.17 O 304 0.17 0.10 0.16 + 0.06 0.48 0.07 MaxTech Vent* MaxTech Vent 413 0.22 0.14 0.19 + 0.04 0.60 0.10 0.00 Maxwell Res* O 387 0.00 0.00 0.00 + 0.00 0.01 Maya Gold &Sil* O 28 1.58 1.25 1.25 - 0.27 2.35 1.10 2.10 1.65 1.97 - 0.02 3.02 1.36 Maya Gold &Sil T 153 Mazarin V 132 0.12 0.00 0.12 + 0.03 0.18 0.04 unch 0.00 0.09 0.00 MBMI Res* O 1 0.02 0.02 0.02 MBMI Res V 76 0.03 0.03 0.03 - 0.01 0.13 0.03 unch 0.00 0.89 0.50 McChip Res V 9 0.89 0.89 0.89 McEwen Mng T 701 2.43 2.25 2.35 - 0.07 3.28 2.24 N 7218 1.84 1.69 1.76 - 0.05 2.55 1.68 McEwen Mng* McLaren Res 94 0.03 0.03 0.03 + 0.01 0.19 0.02 unch 0.00 0.28 0.13 MDN Inc* O 5 0.22 0.22 0.22 Meadow Bay Gd 37 0.04 0.04 0.04 unch 0.00 0.26 0.03 5 0.03 0.03 0.03 unch 0.00 0.28 0.03 Meadow Bay Gd* O Mechel* N 673 2.82 2.51 2.54 - 0.20 5.60 2.30 V 221 0.12 0.10 0.11 - 0.02 0.18 0.08 Medallion Res Medallion Res* O 88 0.10 0.07 0.08 - 0.02 0.14 0.06 0.14 Medgold Res V 240 0.16 0.14 0.14 - 0.01 0.51 Medgold Res* O 55 0.12 0.12 0.12 + 0.01 0.38 0.11 O 6092 0.00 0.00 0.00 - 0.00 0.01 0.00 Medinah Mnrls* Mega Copper V 1 0.16 0.16 0.16 unch 0.00 0.18 0.16 O 68 0.10 0.00 0.09 + 0.00 0.19 0.08 Mega Uranium* Mega Uranium T 1670 0.14 0.12 0.13 + 0.01 0.24 0.11 unch 0.00 0.11 0.04 Megastar Dev V 6 0.04 0.04 0.04 MegumaGold* O 33 0.16 0.15 0.16 unch 0.00 0.24 0.09 0.12 MegumaGold 301 0.24 0.18 0.20 - 0.04 0.30 Melior Res V 2 0.57 0.00 0.56 - 0.01 1.50 0.56 0.04 Melkior Res V 312 0.07 0.06 0.07 + 0.01 0.11 0 0.00 0.00 25.00 unch 0.00 Merger Mines* O Meridian Mg V 90 0.08 0.07 0.07 - 0.01 1.28 0.05 0.02 Meryllion Res 38 0.02 0.00 0.02 - 0.01 0.21 MetalCorp V 91 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.02 Metalex Vent V 70 0.03 0.03 0.03 + 0.01 0.10 Metalla Rylty* O 238 0.62 0.57 0.60 - 0.02 0.71 0.42 0.62 Metalla Rylty V 267 0.81 0.77 0.80 - 0.01 0.88 Metallic Mnrls V 130 0.20 0.16 0.18 - 0.02 0.50 0.16 O 127 0.15 0.12 0.14 + 0.00 0.40 0.12 Metallic Mnrls* Metallica Min* O 9 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.49 Metallis Res V 180 0.72 0.58 0.68 + 0.01 2.05 Metalo Manuf 6 0.25 0.20 0.20 - 0.05 0.57 0.15 1.77 Metalore Res V 1 2.02 1.81 2.01 + 0.20 3.14 Metals Creek* O 59 0.04 0.02 0.04 + 0.02 0.08 0.02 0.04 Metals Creek V 339 0.06 0.04 0.06 + 0.02 0.11 Metals X* O 12 0.29 0.27 0.29 + 0.02 0.96 0.27 V 10 0.06 0.06 0.06 unch 0.00 0.08 0.05 Metron Capital Mexican Gold* O 190 0.14 0.12 0.12 - 0.02 0.34 0.12 unch 0.00 0.07 0.01 Mexus Gold* O 1829 0.01 0.01 0.01 MGX Minerals* O 2137 0.48 0.32 0.35 - 0.14 1.58 0.32 0.42 MGX Minerals 2901 0.62 0.42 0.45 - 0.17 1.96 Midas Gold T 329 0.66 0.63 0.63 - 0.03 1.21 0.55 0.42 Midas Gold* O 655 0.51 0.47 0.48 - 0.01 0.95 Midasco Cap V 74 0.10 0.09 0.09 unch 0.00 0.15 0.07 0.66 Midland Expl V 103 0.90 0.81 0.90 + 0.01 1.41 Midnight Star 27 0.30 0.27 0.27 - 0.04 0.40 0.11 0.10 Midnight Sun V 178 0.14 0.12 0.14 + 0.01 0.48 Millennial Lit* O 70 1.23 1.08 1.13 - 0.03 3.87 1.07 1.38 Millennial Lit V 197 1.62 1.46 1.51 + 0.01 4.80 Millrock Res* O 212 0.10 0.07 0.09 + 0.01 0.31 0.07 unch 0.00 0.40 0.10 Millrock Res V 397 0.13 0.10 0.12 Minaurum Gold V 651 0.51 0.46 0.48 - 0.03 0.67 0.21 O 195 0.40 0.35 0.36 - 0.02 0.52 0.16 Minaurum Gold* Minco Silver* O 45 0.36 0.34 0.36 + 0.02 0.77 0.33

2018-12-04 1:39 PM

WWW.NORTHERNMINER.COM

DECEMBER 10–23, 2018 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Minco Silver T 18 Minera Alamos * O 1604 Minera Alamos V 1202 Minera IRL 405 Mineral Hill V 48 Mineral Mtn* O 82 Mineral Mtn V 148 MineralRite* O 2000 Mineworx Tech V 1786 Mineworx Tech* O 363 Minfocus Expl V 12 O 10 Minfocus Expl* Mining Global* O 2030 Minnova Corp V 427 Minsud Res V 150 Miramont Res 185 Miranda Gold V 2184 Mirasol Res V 148 Mistango River 102 MK2 Ventures V 20 Mkango Res V 2 ML Gold* O 110 ML Gold Corp V 1802 Monarca Mnrls* O 250 V 72 Monarca Mnrls Monarques Res T 140 O 96 Monarques Res* Moneta Porcpn T 416 O 120 Moneta Porcpn* Monitor Vent* O 100 Monitor Vent V 133 Monster Uran* O 0 28 Monster Uran V Montan Mg* O 200 Montan Mg V 470 Montego Res 361 7 Montero Mg&Ex * O Montero Mg&Ex V 125 V 1288 Monument Mng Morien Res* O 44 Morien Res V 132 Morumbi Res* O 4 Morumbi Res T 17 Mosaic* N 17896 Mountain Boy V 179 Mountain Boy* O 81 T 896 Mountain Prov Mountain Prov* D 419 O 102 Mundoro Cap* Mundoro Cap V 449 V 5 Murchison Min MX Gold* O 183

0.47 0.45 0.47 + 0.01 0.98 0.42 0.08 0.00 0.07 - 0.02 0.16 0.07 0.12 0.10 0.10 - 0.02 0.19 0.10 0.06 0.06 0.06 unch 0.00 0.14 0.05 0.12 0.10 0.11 - 0.01 0.29 0.10 0.11 0.09 0.10 + 0.00 0.60 0.05 0.14 0.12 0.14 + 0.02 0.74 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.14 0.11 0.13 - 0.01 0.40 0.11 0.11 0.08 0.11 - 0.00 0.33 0.08 0.05 0.04 0.05 + 0.01 0.42 0.04 0.03 0.03 0.03 unch 0.00 0.04 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.55 0.46 0.55 + 0.05 0.93 0.43 0.05 0.05 0.05 unch 0.00 0.21 0.05 0.18 0.14 0.18 + 0.05 0.65 0.13 0.02 0.01 0.02 unch 0.00 0.06 0.01 1.34 1.13 1.22 + 0.02 2.60 0.99 0.04 0.02 0.02 - 0.01 0.07 0.01 0.25 0.25 0.25 unch 0.00 0.39 0.15 0.00 0.00 0.16 unch 0.00 0.24 0.10 0.03 0.03 0.03 + 0.00 0.26 0.03 0.04 0.03 0.03 - 0.01 0.32 0.03 0.03 0.03 0.03 unch 0.00 0.09 0.02 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.28 0.23 0.27 - 0.01 0.42 0.15 0.21 0.14 0.19 - 0.01 0.35 0.11 0.12 0.09 0.12 + 0.03 0.20 0.07 0.09 0.06 0.09 + 0.02 0.15 0.06 0.80 0.33 0.60 + 0.16 0.80 0.12 0.98 0.58 0.79 + 0.20 0.98 0.16 0.00 0.00 0.04 unch 0.00 0.06 0.02 0.17 0.17 0.17 unch 0.00 1.15 0.13 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.04 0.03 0.04 unch 0.00 0.11 0.03 0.10 0.05 0.08 - 0.02 0.55 0.05 0.07 0.06 0.06 - 0.01 0.27 0.08 0.10 0.09 0.09 - 0.01 0.44 0.09 0.07 0.05 0.06 + 0.01 0.09 0.05 0.41 0.39 0.40 unch 0.00 0.60 0.37 0.51 0.50 0.51 + 0.01 0.77 0.46 0.40 0.40 0.40 unch 0.00 0.96 0.39 0.60 0.55 0.57 - 0.04 1.23 0.50 36.48 34.47 36.00 + 1.00 37.37 22.90 0.22 0.16 0.22 + 0.03 0.45 0.16 0.18 0.12 0.12 - 0.07 0.18 0.03 1.79 1.54 1.69 - 0.08 3.72 1.54 1.35 1.16 1.25 - 0.07 3.00 1.16 0.17 0.14 0.17 + 0.03 0.17 0.06 0.23 0.19 0.20 - 0.01 0.22 0.09 0.09 0.00 0.09 unch 0.00 0.25 0.08 0.00 0.00 0.00 - 0.00 0.12 0.00

N-O NA Frac Sand* O 113 NACCO Ind* N 63 Namibia Crit V 50 Namibia Crit* O 51 Napier Vent V 3 Napier Vent* O 7 Natural Res Pt* N 267 Nautilus Mnrls T 887 O 2147 Nautilus Mnrls* Navis Res Corp* O 0 0 Navis Res Corp Navy Res V 20 Nemaska Lith T 5819 Nemaska Lith* O 1477 Neo Lithium V 635 Neometals* O 31 O 23 Network Expl* Network Expl V 63 Nevada Clean M V 286 Nevada Clean M* O 129 T 572 Nevada Copper Nevada Energy* O 12 V 17 Nevada Energy Nevada Expl * O 388 Nevada Expl V 454 Nevada Sunrise* O 183 V 99 Nevada Sunrise Nevada Zinc V 803 Nevado Res V 2502 Nevsun Res* X 1538 15141 Nevsun Res T New Age Metals* O 515 New Age Metals V 635 New Carolin Gd* O 64 New Carolin Gd V 497 New Destiny Mg V 253 New Dimen Res V 282 New Egy Min* O 125 New Energy Met V 1509 New Gold T 2713 11655 New Gold* X New Jersey Mng* O 522 New Jersey Mng 75 New Milln Iron* O 551 New Milln Iron T 1525 New Nadina V 56 New Nadina* O 3 New Oroperu V 2 New Pac Metals* O 11 New Pac Metals V 46 New Tech Lith* O 0 New Tech Lith 1506 New World Res V 40 New World Res* O 3 Newlox Gold 485 Newmont Mng* N 25460 Newport Expl V 186 Newport Gold* O 50 NewRange Gold* O 24 NewRange Gold V 326 Nexa Resources T 13 Nexa Resources* N 437 Nexco Res 280 Nexgen Energy* X 1691 Nexgen Energy T 8305 NextSource Mat T 624 Nexus Gold* O 39 Nexus Gold V 457 NGEx Res* O 3 NGEx Res T 72 Nickel Creek T 1268 Nickel Creek* O 2298 Nickel North V 15 Nickel One Res V 1329 Nicola Mg Inc* O 2 Nicola Mg Inc V 389 Nighthawk Gold T 397 Nighthawk Gold* O 52 Niobay Metals V 131 Niocan Inc V 729 Niocorp Dev T 185 Niocorp Dev* O 204 Nippon Dragon V 207 Nippon Dragon* O 56 Nitinat Mnls* O 40 Nitinat Mnls V 203 Noble Metal Gr V 50 30 Noble Mnl Expl* O Noble Mnl Expl V 126 Noka Res* O 402 Noram Vent* O 23 Noram Vent V 71 Noranda Alum* O 165 Noront Res V 515 Norsemont Cap 14 Nortec Mnls* O 32 Nortec Mnls V 14 North Am Nickl V 315 North Am Nickl* O 310 North Am Pall T 42 North Am Pall* O 45 North Arrow Mn* O 160 North Arrow Mn V 110 North Bay Res * O 13345 Northcliff Res T 82 Northern Light 270 Northern Uran V 106 Northern Uran* O 1 Northisle C&G V 215 Norvista Cap V 262 NorZinc T 715 NorZinc* O 150

20-22_DEC10_StockTables.indd 22

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(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Nouveau Monde V 422 O 32 Nouveau Monde* NovaGold Res T 1320 NovaGold Res* X 5648 Novo Res* O 408 Novo Res V 539 NRG Metals* O 987 NRG Metals V 881 Nrthn Graphite V 119 Nrthn Graphite* O 160 Nrthn Lion* O 1 1 Nrthn Mnrls &E* O Nrthn Shield V 3348 Nrthn Superior* O 44 Nrthn Superior V 3770 Nrthn Vertex* O 75 Nrthn Vertex V 742 V 6 NSGold 18 NSS Res Inc Nthn Dynasty* X 3244 Nthn Dynasty T 867 Nthrn Sphere* O 100 Nthrn Sphere 128 Nubian Res V 110 Nuinsco Res* O 804 NuLegacy Gold V 310 O 546 NuLegacy Gold* Nutrien T 7797 N 6995 Nutrien* NV Gold* O 85 NV Gold V 62 NX Uranium* O 81 NxGold Ltd* O 64 NxGold Ltd V 1030 Nyrstar NV* O 13 O.T. Mining* O 43 OceanaGold* O 7 OceanaGold T 4733 Oceanic Iron O V 172 Oceanus Res* O 114 Oceanus Res V 86 OK2 Minerals V 968 Olivut Res V 77 Olivut Res* O 32 1 Omineca Mg &Ml V One World Lith* O 1 788 One World Lith Opawica Expl* O 0 Opawica Expl V 76 Opus One Res V 1172 Orbite Tech* O 25 Orca Gold V 217 Orca Gold* O 86 Orefinders Res V 317 V 24 Orestone Mng Orex Mnrls* O 9 Orex Mnrls V 219 Orezone Gold V 286 O 58 Orezone Gold* Orford Mining V 249 Organic Potash 977 OrganiMax V 66 OrganiMax* O 8 Origin Gold V 57 O 5 Original Sixtn* Orla Mng Ltd T 539 Orla Mng Ltd* O 242 Oro East Mg* O 201 Oroco Res V 410 Oroco Res* O 73 Orocobre T 92 Oronova Energy* O 256 V 343 Oronova Energy Oroplata Res* O 1305 Orosur Mng T 64 Orsu Metals V 179 Orsu Metals* O 46 Orvana Mnrls* O 35 Orvana Mnrls T 242 Osino Res V 114 Osisko Gold* N 1832 Osisko Gold T 1055 O 90 Osisko Metals* Osisko Metals V 401 Osisko Mng Inc T 2984 Osprey Gold V 722 Otis Gold V 539 Otis Gold* O 253 OZ Minerals* O 0

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Pac Arc Res V 1 28 Pac Bay Mnrls V Pac Booker Min* O 108 36 Pac Booker Min V Pac Imperial V 913 Pac Ridge Expl V 233 Pac Ridge Expl* O 50 Pac Wildcat* O 19 Pacific Empire V 74 Pacific Rim* O 122 Pacific Rim 636 Pacific Silk V 101 Pacton Gold V 701 Paladin Energy* O 224 Palamina Corp* O 7 Palamina Corp V 13 Palladon Vent* O 30 Pan Am Silver T 1370 Pan Am Silver* D 7433 Pan Andean Min V 528 Pan Global Res V 461 Pancontinental* O 18 Pancontinental V 48 Panex Res* O 690 Pangolin Dia V 417 Panoro Mnrls V 47 Pantheon Vent V 157 Para Resources V 144 Parallel Mng V 694 Parallel Mng * O 48 Paramount Gold* X 149 Paringa Res* O 715 Parlane Res V 213 Pasinex Res 228 Patriot Gold* O 175 Peabody Enrgy* N 6538 Pelangio Expl* O 0 Pelangio Expl V 60 Pele Mtn Res* O 48 Peloton Mnrls* O 31 Peloton Mnrls 69 PepinNini Lith* O 20 Perseus Mng T 116 Pershing Gold T 5 Pershing Gold* D 201 Pershing Res* O 263 Peruvian Metal* O 262 Peruvian Metal V 110 Petra Diamonds* O 0 Philex Mng* O 5 Philippine Mtl* O 50 Philippine Mtl V 3 Phoenix Global* O 10 Pine Cliff En* O 38 Pine Cliff En T 1338 Pinecrest Res * O 1 Pinecrest Res V 93 Pistol Bay Mng V 184 Pivit Explor 211 PJSC Polyus Gd* O 2 PJX Res V 25 Plata Latina V 107 Plate Res V 56 Plateau Energy V 155 Plateau Energy* O 48 Platinex Inc 502 Platinum Gp Mt* X 2414 Platinum Gp Mt T 502 Plato Gold V 23 Playfair Mng V 252 PolyMet Mng* X 1379 PolyMet Mng T 22 Portage Res* O 2778 Portex Mnrls* O 2 Portofino Res V 133

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P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Potash Ridge* O 30 Potash Ridge T 986 Power Metals V 1730 O 74 Power Metals* PowerOre V 34 PPX Mining* O 5 PPX Mining V 1505 Precipitate Gl* O 114 Precipitate Gl V 395 Premier Gold M T 2210 O 19 Premium Expl* Pretium Res* N 6177 Pretium Res T 2179 Primary Energy 483 Prism Res V 240 Prize Mng* O 199 Prize Mng V 2535 ProAm Expl V 91 Probe Metals* O 187 Probe Metals V 254 Prog Planet V 389 Prog Planet* O 26 Promithian Gl * O 1 T 4569 Prophecy Coal Prophecy Coal* O 3765 Prospector Res* O 75 V 305 Prospector Res Prosper Gold V 254 Prospero Silvr V 325 Prospero Silvr* O 20 Provenance Gld 32 Providence V 668 PUF Vent Inc * O 1270 Puma Expl V 469 Pure Energy* O 1008 Pure Energy V 860 Pure Gold Mg* O 505 Pure Gold Mg V 833 Pure Nickel* O 100 Pure Nickel V 196 Purepoint Uran V 816 Q-Gold Res* O 1 Q-Gold Res V 17 QC Precious V 107 QC Precious * O 14 QMC Quantum Ml V 230 QMC Quantum Ml* O 149 QMX Gold* O 5 QMX Gold V 250 Quadro Res V 334 Quantum Cobalt 336 Quartz Mtn Res* O 0 Quartz Mtn Res V 91 Quaterra Res V 72 Quaterra Res* O 165 Quest Rare Mnl* O 37 Quinto Res V 296

0.03 0.03 0.03 - 0.00 0.13 0.02 0.04 0.04 0.04 - 0.01 0.17 0.03 0.21 0.19 0.20 - 0.01 0.88 0.19 0.16 0.14 0.15 - 0.00 0.70 0.14 0.05 0.05 0.05 - 0.01 0.45 0.05 0.06 0.06 0.06 - 0.00 0.08 0.05 0.09 0.09 0.09 unch 0.00 0.11 0.06 0.07 0.06 0.07 - 0.00 0.09 0.03 0.09 0.08 0.08 - 0.01 0.12 0.04 1.63 1.41 1.50 - 0.09 3.94 1.41 0.00 0.00 0.00 - 0.01 0.02 0.00 7.82 6.76 7.11 - 0.57 11.90 6.17 10.33 9.01 9.45 - 0.79 14.94 7.93 0.05 0.03 0.03 - 0.03 0.15 0.03 0.04 0.04 0.04 unch 0.00 0.15 0.03 0.04 0.03 0.04 - 0.01 0.33 0.03 0.06 0.05 0.05 - 0.01 0.42 0.05 0.04 0.03 0.03 unch 0.00 0.04 0.02 0.82 0.75 0.75 - 0.01 1.23 0.69 1.10 0.99 1.02 + 0.02 1.55 0.91 0.06 0.05 0.05 unch 0.00 0.20 0.04 0.04 0.04 0.04 unch 0.00 0.15 0.03 0.05 0.00 0.05 - 0.05 0.10 0.01 0.54 0.40 0.50 + 0.09 0.74 0.11 0.41 0.30 0.39 + 0.06 3.65 0.09 0.43 0.37 0.37 - 0.07 0.83 0.37 0.56 0.47 0.49 - 0.07 1.15 0.47 0.10 0.00 0.10 + 0.01 0.15 0.06 0.07 0.07 0.07 - 0.01 0.15 0.07 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.17 0.12 0.16 + 0.04 0.39 0.12 0.13 0.10 0.11 - 0.02 0.19 0.09 0.13 0.10 0.12 - 0.01 0.37 0.06 0.04 0.04 0.04 - 0.01 0.11 0.04 0.07 0.05 0.05 - 0.01 0.50 0.06 0.09 0.07 0.08 - 0.02 0.45 0.08 0.47 0.39 0.43 + 0.04 0.56 0.36 0.61 0.52 0.56 + 0.03 0.71 0.46 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.07 0.07 0.07 + 0.01 0.10 0.06 0.15 0.15 0.15 unch 0.00 0.17 0.06 0.19 0.00 0.19 unch 0.00 0.30 0.10 0.30 0.28 0.28 - 0.03 0.60 0.25 0.22 0.20 0.21 - 0.01 0.33 0.20 0.29 0.25 0.28 + 0.02 1.58 0.23 0.22 0.19 0.21 + 0.02 1.28 0.17 0.05 0.03 0.04 + 0.01 0.25 0.03 0.06 0.05 0.06 + 0.01 0.32 0.05 0.06 0.04 0.04 - 0.02 0.14 0.04 0.08 0.05 0.07 - 0.01 1.85 0.05 0.00 0.00 0.31 unch 0.00 1.20 0.00 0.42 0.33 0.33 - 0.09 1.50 0.33 0.07 0.05 0.07 + 0.02 0.09 0.05 0.04 0.04 0.04 + 0.00 0.07 0.03 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.03 0.02 0.03 unch 0.00 0.14 0.02

Rackla Mtls V 3 Rackla Mtls* O 1 Radisson Mng V 347 Radius Gold V 246 Rainforest Res* O 1 Rainy Mtn Royl* O 117 Rainy Mtn Royl V 360 Rambler Ml &Mg V 36 Randgold Res* O 0 Randgold Res* D 3532 Randsburg Int* O 259 Rare Element* O 217 Rathdowney Res V 89 Ravencrest Res 693 Razore Rock Res 33 RB Energy* O 238 Red Moon Res V 164 Red Pine Expl V 1301 Redstar Gold V 299 Redstar Gold* O 46 Redzone Res V 180 O 480 Redzone Res* Regency Gold V 173 Regulus Res V 271 Remington Res V 57 O 89 Renaissance Gd* Renaissance Gd V 154 Renforth Res 404 Resolve Vent V 71 Resource Cap V 1272 Resource Cap* O 137 Reunion Gold V 730 Revelo Res V 379 Revival Gold * O 26 Revival Gold V 114 Richmond Mnls V 228 V 100 Ridgestone M’g Rift Valley 97 Rimrock Gold* O 54313 Rio Tinto* O 1 Rio Tinto* O 4 Rio Tinto* N 16287 Rise Gold Corp 610 Rise Gold Corp* O 359 River Wild Exp 463 Riverside Res* O 93 Riverside Res V 456 Rizal Res V 64 RJK Explor V 2041 RJK Explor* O 62 Robex Res V 862 V 0 Rochester Res Rock Tech Lith V 79 Rock Tech Lith* O 5 Rockcliff Met V 155 Rockex Mng 204 Rockhaven Res V 251 Rockshield Cap* O 28 Rockshield Cap 704 Rockwealth Res V 47 Rodinia Lithm V 57 Rogue Res V 44 Rokmaster Res V 121 Romios Gold Rs* O 185 Romios Gold Rs V 229 RosCan Gold V 104 Rosita Mg Corp V 2369 Ross River* O 1 Rotation Mnls V 1425 Roughrider Exp V 60 Rover Metals V 606 Roxgold T 1812 Roxgold* O 103 Royal Gold* D 1678 Royal Mines &M* O 600 Royal Nickel* O 823 Royal Nickel T 12431 Royal Rd Mnrls V 158 Royal Std Mnrl* O 1670 RT Minerals V 94 RT Minerals* O 245 RTG Mining T 104 O 42 Rubicon Mnrls* Rubicon Mnrls T 60 Rugby Mng V 114 Running Fox Rs* O 7 Running Fox Rs V 82 Rupert Res V 169 Rusoro Mng* O 119 Rusoro Mng V 5473

0.11 0.00 0.11 unch 0.00 0.15 0.06 0.08 0.08 0.08 unch 0.00 0.11 0.07 0.12 0.11 0.11 - 0.02 0.25 0.09 0.11 0.10 0.10 - 0.01 0.19 0.09 7.85 0.00 7.84 unch 0.00 9.45 3.50 0.01 0.01 0.01 + 0.00 0.08 0.01 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.05 0.00 0.04 - 0.01 0.17 0.03 79.15 79.15 79.15 unch 0.00 101.90 62.16 83.91 79.07 80.17 - 1.88 104.05 59.90 0.05 0.00 0.03 + 0.03 0.05 0.00 0.11 0.08 0.10 + 0.00 0.31 0.08 0.10 0.09 0.10 - 0.01 0.21 0.09 0.65 0.54 0.60 - 0.04 1.93 0.38 0.07 0.07 0.07 unch 0.00 0.63 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.07 0.10 + 0.03 0.16 0.05 0.05 0.04 0.04 - 0.01 0.13 0.04 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.02 0.02 0.02 - 0.00 0.08 0.01 0.09 0.08 0.08 - 0.01 0.75 0.09 0.08 0.07 0.08 unch 0.00 0.57 0.07 0.23 0.00 0.22 + 0.03 0.28 0.14 1.50 1.30 1.37 - 0.14 2.35 1.30 0.23 0.20 0.20 - 0.03 0.48 0.20 0.14 0.13 0.14 + 0.00 0.27 0.12 0.20 0.18 0.18 unch 0.00 0.33 0.16 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.08 0.08 0.08 unch 0.00 0.81 0.07 0.02 0.02 0.02 - 0.01 0.13 0.02 0.01 0.01 0.01 - 0.00 0.11 0.01 0.19 0.17 0.18 - 0.01 0.23 0.11 0.02 0.01 0.02 + 0.01 0.06 0.01 0.51 0.45 0.48 - 0.03 0.73 0.42 0.68 0.61 0.64 - 0.03 0.99 0.54 0.04 0.03 0.04 + 0.01 0.07 0.02 0.30 0.27 0.30 + 0.03 0.32 0.19 0.09 0.08 0.08 - 0.01 0.15 0.05 0.00 0.00 0.00 + 0.00 0.00 0.00 52.81 52.81 52.81 - 6.03 65.30 50.48 46.30 44.56 45.00 - 4.19 60.00 44.56 47.84 45.84 46.76 - 0.75 60.72 45.62 0.08 0.06 0.07 unch 0.00 0.21 0.05 0.06 0.05 0.05 - 0.00 0.17 0.04 0.70 0.50 0.70 + 0.07 0.70 0.02 0.11 0.10 0.10 - 0.02 0.42 0.10 0.16 0.13 0.13 - 0.03 0.36 0.14 0.03 0.02 0.02 - 0.01 0.06 0.01 0.08 0.05 0.06 - 0.02 0.23 0.05 0.06 0.03 0.03 - 0.03 0.13 0.00 0.09 0.07 0.08 - 0.02 0.12 0.07 0.00 0.00 0.03 unch 0.00 0.09 0.03 0.95 0.94 0.95 - 0.01 1.90 0.84 0.71 0.71 0.71 unch 0.00 1.50 0.67 0.14 0.12 0.12 - 0.01 0.24 0.08 0.06 0.06 0.06 unch 0.00 0.10 0.02 0.12 0.09 0.10 unch 0.00 0.18 0.09 0.10 0.08 0.09 - 0.01 0.67 0.08 0.12 0.11 0.11 - 0.01 0.84 0.11 0.12 0.12 0.12 unch 0.00 0.30 0.11 0.08 0.07 0.07 - 0.01 0.46 0.05 0.14 0.12 0.13 - 0.02 0.53 0.12 0.08 0.07 0.08 unch 0.00 0.18 0.07 0.04 0.04 0.04 + 0.00 0.07 0.03 0.06 0.05 0.06 - 0.01 0.09 0.05 0.08 0.08 0.08 + 0.02 0.11 0.05 0.04 0.03 0.04 - 0.01 0.12 0.03 0.00 0.00 0.00 unch 0.00 0.14 0.00 0.10 0.08 0.08 unch 0.00 0.40 0.07 0.11 0.11 0.11 unch 0.00 0.30 0.11 0.04 0.03 0.03 - 0.01 0.11 0.03 0.87 0.79 0.80 - 0.01 1.44 0.77 0.65 0.60 0.61 + 0.01 1.13 0.59 75.24 71.13 73.15 - 1.23 98.53 70.16 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.44 0.37 0.40 + 0.01 0.90 0.05 0.59 0.48 0.54 + 0.01 1.18 0.07 0.08 0.00 0.07 - 0.01 0.18 0.08 0.07 0.03 0.03 - 0.00 0.08 0.00 0.07 0.06 0.06 - 0.01 0.90 0.06 0.04 0.04 0.04 unch 0.00 0.13 0.00 0.16 0.13 0.14 + 0.02 0.55 0.09 1.00 0.94 0.95 - 0.04 1.47 0.81 1.32 1.25 1.28 - 0.01 1.88 1.05 0.20 0.18 0.18 - 0.02 0.43 0.14 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.86 0.00 0.85 + 0.05 1.46 0.68 0.17 0.11 0.13 + 0.01 0.32 0.05 0.22 0.15 0.18 + 0.02 0.42 0.06

Sabina Gd&Slvr T 1036 Sabina Gd&Slvr* O 131 Sable Res* O 64 Sable Res V 383 Sage Gold* O 678 Sailfish Rylty V 22 Saint Jean* O 0 Saint Jean V 268 Salazar Res* O 13 Salazar Res V 771 Salt Lake Pot* O 30 Sama Res V 300 Sama Res* O 50 Samco Gold V 50 Samex Mng* O 57 San Gold Corp* O 33 San Marco Res* O 68 San Marco Res V 299 Sanatana Diam V 3436 Sandfire Res V 49

1.47 1.35 1.38 - 0.03 2.62 1.11 1.07 1.01 1.04 - 0.04 2.00 0.85 0.19 0.17 0.17 - 0.02 0.28 0.12 0.25 0.23 0.23 - 0.04 0.37 0.14 0.00 0.00 0.00 - 0.02 0.13 0.00 1.00 0.78 0.95 + 0.05 3.07 0.70 0.00 0.00 0.02 unch 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.24 0.02 0.07 0.07 0.07 unch 0.00 0.12 0.07 0.11 0.10 0.11 - 0.01 0.18 0.10 0.33 0.33 0.33 unch 0.00 0.47 0.32 0.34 0.30 0.32 - 0.01 0.50 0.24 0.26 0.22 0.23 - 0.02 0.41 0.18 0.03 0.03 0.03 unch 0.00 0.11 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.11 0.09 0.09 - 0.02 0.23 0.09 0.14 0.12 0.12 - 0.02 0.30 0.12 0.06 0.03 0.06 + 0.02 0.07 0.02 0.09 0.00 0.09 unch 0.00 0.11 0.06

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Sandfire Res* O 215 V 484 Sandspring Res O 298 Sandspring Res* T 1874 Sandstorm Gold X 4291 Sandstorm Gold* Sandy Lake Gld V 420 Santa Fe Gold* O 438 V 150 Santacruz Silv Sarama Res V 585 Sarissa Res* O 2428 Satori Res V 310 Satori Res* O 360 Saturn Mnrls V 930 Savary Gold V 1533 Saville Res V 58 O 107 Scandium Intl* Scandium Intl T 348 Scorpio Gold V 313 ScoZinc Mg V 9 Seabridge Gld T 446 N 1388 Seabridge Gld* Search Mnls V 197 Search Mnls* O 3 Searchlight* O 3 O 517 SearchlightMin* V 564 SearchlightRes Secova Mtls* O 61 Secova Mtls V 4552 Sego Res V 406 Select Sands V 808 T 3472 Semafo Senator Mnrls V 486 O 0 Senator Mnrls* V 243 Sennen Potash O 0 Sennen Potash* Serabi Gold T 62 Serengeti Res V 2245 Shamrock Ent 500 11874 Sherritt Intl T V 11 Shoshoni Gold N 7238 Sibanye-Stillw* O 0 Sibanye-Stillw* O 65 Sidney Resrces* Sienna Res V 873 Sienna Res* O 23 Sierra Metals* X 95 Sierra Metals T 26 V 459 Sigma Lithium Signature Res V 277 O 84 Signature Res* 0 Silver Bear Rs* O 18 Silver Bear Rs T Silver Bull Re* O 306 Silver Bull Re T 758 Silver Grail V 303 Silver Hill* O 21 Silver Mtn Mns* O 330 Silver Mtn Mns V 208 Silver Phoenix 163 Silver Predatr V 65 O 2 Silver Predatr* Silver Range V 78 Silver Scott* O 41 Silver Spruce V 413 O 141 Silver Spruce* Silver Viper V 269 T 878 Silvercorp Met X 1144 Silvercorp Met* X 400 SilverCrest Mt* V 742 SilverCrest Mt O 91 Silverstar Res* Sirios Res* O 7 Sirios Res V 453 Sitka Gold 49 Skeena Res V 494 Skeena Res* O 125 O 157 Skyharbour Res* V 583 Skyharbour Res Slam Explor* O 10 Slam Explor V 829 101 Slave Lake Zn V 367 Sojourn Explor O 5 Sojourn Explor* Sokoman Iron V 8337 O 139 Sokoman Iron* SolGold plc T 314 SolGold plc* O 86 X 183 Solitario Ex&R* T 42 Solitario Ex&R Solstice Gold V 82 Sonora Gld & S V 700 Sonoro Mtls* O 21 Sonoro Mtls V 74 South32* O 1 O 3 Southern Arc* Southern Arc V 11 N 5954 Southern Copp* O 515 Southern Silvr* V 496 Southern Silvr T 19 SouthGobi Res Spanish Mtn Gd V 1825 Spanish Mtn Gd* O 750 Sparton Res V 593 Sparton Res* O 464 O 18 Spearmint Res* Spearmint Res 1836 Spey Resources 91 Sphinx Res V 774 Sprott Res Hld T 204 Spruce Ridge R V 471 SRG Graphite V 96 SSR Mining* D 2511 SSR Mining T 1031 St Augustine T 11 St Elias Mns* O 457 O 4 St-Georges Eco* St-Georges Eco 567 O 14 Stakeholdr Gld* V 53 Stakeholdr Gld O 1212 Standard Graph* Standard Lith V 365 O 16 Standard Metal* Stans Energy V 713 O 305 Stans Energy* Star Diamond T 1244 O 81 Star Diamond* Star Gold* O 41 O 24 Star Mountain* Starcore Intl T 329 25 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa V 151 Stelmine Can V 57 Steppe Gold T 66 T 6495 Stornoway Diam O 1470 Stornoway Diam* Stratabd Mnr V 160 O 58 Strategic Metl* Strategic Metl V 214 O 0 Strategic Res* Strategic Res V 9 Stria Lithium V 345 V 283 Strikepoint Gd O 23 Strikepoint Gd* V 95 Strongbow Expl O 7 Strongbow Expl* Stroud Res V 50 Sulliden Mng T 1036 Sun Metals V 1357 Suncor Energy T 19887 N 23484 Suncor Energy* V 707 Sunvest Mnrls O 25 Sunvest Mnrls* O 25 Superior Gold* Superior Gold V 252 Superior Mng V 258 Supreme Metals 366 Surge Copper V 278 Surge Explor* O 1328 Surge Explor V 1285 Sutter Gold* O 199 Sutter Gold V 92 Syrah Res* O 35

0.05 0.07 0.06 0.07 + 0.00 0.10 0.17 0.19 0.17 0.18 - 0.01 0.40 0.13 0.15 0.13 0.13 - 0.02 0.32 4.60 5.59 5.30 5.55 + 0.08 6.95 3.48 4.21 3.99 4.19 + 0.07 5.64 0.09 0.08 0.09 unch 0.00 0.13 0.04 0.08 0.04 0.08 - 0.00 0.20 0.04 0.08 0.10 0.08 0.08 - 0.01 0.17 0.06 0.06 0.06 0.06 - 0.01 0.15 0.00 0.00 0.00 0.00 - 0.00 0.00 0.05 0.06 0.05 0.06 + 0.01 0.15 0.04 unch 0.00 0.11 0.04 0.04 0.04 0.11 0.22 0.19 0.21 - 0.01 0.30 0.04 0.06 0.05 0.05 + 0.01 0.08 0.04 0.04 0.04 0.04 - 0.01 0.12 0.11 0.20 0.17 0.19 + 0.00 0.24 0.25 0.22 0.25 + 0.02 0.32 0.13 0.01 0.02 0.01 0.01 - 0.01 0.04 0.57 0.64 0.00 0.64 - 0.01 1.53 12.61 15.84 15.03 15.61 - 0.22 19.84 12.00 11.25 11.72 - 0.03 15.30 9.80 0.03 0.04 0.04 0.04 - 0.01 0.09 0.03 unch 0.00 0.07 0.03 0.03 0.03 0.01 unch 0.00 0.16 0.03 0.03 0.03 0.01 0.02 0.01 0.01 + 0.00 0.05 0.03 0.04 0.00 0.04 - 0.01 0.23 0.01 0.03 0.02 0.02 - 0.01 0.10 0.04 0.06 0.04 0.04 - 0.01 0.30 0.03 unch 0.00 0.09 0.03 0.03 0.03 0.08 0.09 0.08 0.08 - 0.01 0.60 2.53 2.77 2.37 2.40 - 0.35 4.14 0.04 unch 0.00 0.90 0.08 0.05 0.08 0.05 unch 0.00 0.39 0.00 0.00 0.06 0.30 unch 0.00 0.55 0.45 0.45 0.45 0.34 unch 0.00 0.40 0.00 0.00 0.34 0.50 0.50 0.50 0.50 + 0.01 1.60 0.12 0.29 0.24 0.26 - 0.03 0.60 0.02 0.02 0.02 0.02 - 0.01 0.08 0.42 0.54 0.42 0.49 - 0.03 1.87 0.04 unch 0.00 0.08 0.05 0.05 0.05 2.02 2.66 2.40 2.44 - 0.16 5.44 0.58 unch 0.00 1.25 0.53 0.53 0.53 0.00 0.00 0.00 0.00 - 0.00 0.01 0.04 unch 0.00 0.39 0.05 0.05 0.05 0.03 0.04 0.03 0.03 - 0.00 0.32 2.13 2.39 2.25 2.34 - 0.02 3.00 2.68 3.18 3.00 3.08 - 0.06 3.85 1.20 2.15 2.07 2.15 + 0.09 2.40 0.05 unch 0.00 0.14 0.08 0.07 0.08 0.04 0.06 0.06 0.06 + 0.00 0.11 0.00 0.00 0.15 unch 0.00 0.26 0.09 0.18 0.17 0.17 unch 0.00 0.32 0.14 0.10 0.09 0.09 - 0.00 0.23 0.09 0.13 0.12 0.12 unch 0.00 0.29 0.11 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.11 0.12 0.11 0.12 + 0.01 0.25 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.02 0.15 0.02 0.15 + 0.13 0.22 0.07 0.08 0.00 0.08 - 0.01 0.19 0.05 unch 0.00 0.14 0.05 0.05 0.05 0.09 0.12 0.10 0.11 - 0.01 0.19 0.01 0.00 0.24 0.03 0.03 0.03 - 0.02 unch 0.00 0.08 0.02 0.00 0.02 0.01 0.02 0.01 0.01 - 0.01 0.06 0.07 0.09 0.07 0.07 - 0.02 0.25 2.43 2.64 2.43 2.59 + 0.02 4.02 1.83 2.00 1.83 1.95 + 0.03 3.12 0.87 2.59 2.21 2.48 + 0.25 3.07 1.12 3.39 2.93 3.27 + 0.28 3.80 0.02 unch 0.00 1.60 0.10 0.05 0.05 0.10 unch 0.00 0.26 0.10 0.10 0.10 0.14 unch 0.00 0.34 0.16 0.14 0.15 0.06 0.11 0.11 0.11 - 0.01 0.30 0.29 0.33 0.31 0.31 - 0.02 0.80 0.23 0.25 0.23 0.24 - 0.02 0.66 0.28 0.36 0.32 0.34 - 0.00 0.44 0.35 0.49 0.43 0.46 + 0.01 0.57 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.02 unch 0.00 0.07 0.03 0.02 0.02 0.11 0.00 0.11 + 0.01 0.11 0.06 0.07 0.19 0.12 0.19 + 0.08 0.29 0.08 unch 0.00 0.21 0.09 0.09 0.09 0.03 0.21 0.16 0.20 + 0.01 0.58 0.00 0.15 0.12 0.15 + 0.01 0.45 0.32 0.65 0.62 0.63 - 0.01 0.71 0.27 unch 0.00 0.58 0.49 0.44 0.49 0.28 0.32 0.29 0.30 - 0.01 0.71 0.37 unch 0.00 0.88 0.42 0.00 0.42 0.12 0.17 0.00 0.14 - 0.02 0.38 0.07 0.06 0.06 - 0.01 0.20 0.06 0.07 0.14 0.00 0.13 - 0.02 0.16 0.07 0.19 0.16 0.16 - 0.02 0.20 2.22 unch 0.00 3.10 0.00 0.00 2.22 0.20 0.26 0.20 0.26 + 0.06 0.57 0.27 0.35 0.00 0.35 + 0.03 0.71 31.17 34.29 31.50 33.48 + 1.36 58.09 0.08 0.15 0.08 0.13 + 0.02 0.31 0.11 0.19 0.11 0.16 + 0.01 0.38 0.10 unch 0.00 0.25 0.11 0.11 0.11 0.05 0.05 0.05 unch 0.00 0.14 0.05 0.05 0.03 0.04 - 0.01 0.12 0.04 0.04 0.08 0.06 0.07 - 0.01 0.12 0.03 0.05 0.04 0.05 + 0.01 0.09 0.00 0.04 0.00 0.03 + 0.01 0.11 0.02 unch 0.00 0.14 0.04 0.04 0.04 0.07 0.08 0.07 0.08 + 0.01 0.16 0.04 unch 0.00 0.08 0.04 0.04 0.04 1.31 1.24 1.28 - 0.02 3.40 1.24 0.05 0.04 0.05 - 0.01 0.06 0.01 0.70 0.78 0.71 0.75 - 0.01 2.25 11.27 10.21 10.64 - 0.37 11.44 7.64 14.89 13.59 14.10 - 0.48 14.96 9.66 0.02 0.02 0.02 0.02 - 0.01 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 unch 0.00 2.20 0.04 0.04 0.04 0.04 0.07 0.06 0.06 - 0.01 2.90 0.05 0.06 0.05 0.06 + 0.01 0.45 0.06 unch 0.00 0.64 0.07 0.07 0.07 0.19 0.46 0.38 0.40 - 0.07 1.13 0.80 1.29 1.12 1.20 - 0.02 2.61 0.02 0.12 0.06 0.12 + 0.00 0.23 0.02 unch 0.00 0.05 0.03 0.00 0.03 0.01 0.02 0.01 0.02 - 0.00 0.04 0.15 0.23 0.21 0.23 + 0.01 0.38 0.12 0.18 0.16 0.17 - 0.01 0.29 0.02 unch 0.00 0.10 0.06 0.06 0.06 0.01 0.02 0.02 0.02 + 0.00 0.04 0.09 0.10 0.09 0.09 - 0.01 0.30 0.14 0.12 0.14 unch 0.00 0.19 0.09 0.55 unch 0.00 1.98 0.00 0.00 0.55 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.10 0.16 0.13 0.14 - 0.02 0.45 0.80 0.88 0.80 0.83 - 0.10 2.01 0.20 0.23 0.19 0.19 - 0.04 0.71 0.15 0.16 0.15 0.15 - 0.02 0.54 0.02 0.03 0.03 0.03 - 0.01 0.08 0.22 0.27 0.23 0.24 - 0.01 0.43 0.31 unch 0.00 0.52 0.35 0.32 0.32 0.12 unch 0.00 0.20 0.00 0.00 0.12 0.16 0.27 0.00 0.27 - 0.01 0.27 0.02 0.00 0.08 nch u 0.03 0.02 0.03 0.14 unch 0.00 0.29 0.17 0.14 0.16 0.11 0.13 0.11 0.12 - 0.00 0.23 0.10 0.17 0.14 0.17 - 0.04 0.28 0.09 0.13 0.12 0.13 + 0.01 0.22 0.01 0.01 0.01 0.01 + 0.01 0.03 0.11 0.13 0.11 0.11 - 0.02 0.65 0.12 0.27 0.22 0.22 - 0.05 0.40 40.49 43.98 42.73 42.84 - 0.21 55.47 31.33 33.14 32.00 32.29 - 0.39 42.55 0.04 0.04 0.04 0.04 - 0.01 0.14 0.02 unch 0.00 0.18 0.03 0.03 0.03 0.55 unch 0.00 1.28 0.64 0.64 0.64 0.67 0.92 0.84 0.84 - 0.07 1.62 0.04 0.10 0.06 0.10 + 0.04 0.10 0.02 0.02 0.02 0.02 - 0.01 0.08 0.04 0.08 0.05 0.05 - 0.01 0.26 0.06 0.08 0.05 0.06 - 0.01 0.36 0.08 0.10 0.08 0.08 - 0.02 0.28 0.01 0.01 0.01 0.01 + 0.00 0.03 0.01 unch 0.00 0.03 0.02 0.01 0.02 0.97 1.23 1.11 1.14 - 0.16 3.85

21116 Tahoe Res* N Tahoe Res T 3972 Taiga Gold 470 Taiga Gold* O 107 Taku Gold 201 Taku Gold* O 3 Talmora Diamd 130

2.18 3.56 3.32 3.51 + 0.13 5.63 2.88 4.73 4.41 4.70 + 0.28 7.27 0.07 0.09 0.07 0.07 - 0.02 0.21 0.05 0.06 0.05 0.05 - 0.01 0.16 0.04 unch 0.00 0.15 0.06 0.00 0.05 0.02 unch 0.00 0.12 0.03 0.03 0.03 0.01 0.03 0.02 0.03 + 0.01 0.06

2018-12-04 1:39 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / DECEMBER 10–23, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Talon Metals T 126 Tamino Mnrls* O 6843 Tanager Energy V 9 Tango Mining V 120 Tanqueray Expl V 423 Tantalex Res 1093 Tanzania Rlty T 39 Tanzania Rlty* X 346 Taranis Res V 183 Tarku Res V 302 Tartisan Nick* O 0 Tartisan Nick 597 Tasca Res V 1449 Tasca Res* O 60 Taseko Mines T 246 Taseko Mines* X 888 Tearlach Res V 923 Teck Res T 8846 T 10 Teck Res Teck Res* N 16982 Telson Res * O 43 Telson Res V 60 Tembo Gold V 1058 Teranga Gold* O 87 Teranga Gold T 573 Teras Res V 269 Teras Res* O 2 Terraco Gold V 558 Terrax Mnrls* O 32 Terrax Mnrls V 622 Terreno Res V 209 Teslin Rvr Res V 7280 Tesoro Mnrls V 0 Tethyan Res V 291 Teuton Res V 177 Teuton Res* O 70 O 218 Texas Mineral* Themac Res V 3 Thor Expl V 86 Thunder Mtn Gd* O 14 V 633 Thunderstruck Thunderstruck* O 65 Tiger Intl V 14 Till Capital V 1 Timberline Res V 237 Timberline Res* O 334 Timmins Gold T 315 Timmins Gold* X 512 Tinka Res V 1519 Tinka Res* O 481 Tintina Mines V 10 Titan Mining* O 192 Titan Mining T 1166 V 88 Titanium Corp TMAC Resource* O 9 TMAC Resources T 263 TNR Gold V 319 Toachi Mg Inc V 20 Tolima Gold V 84 TomaGold V 428 O 327 Tombstone Expl* Tonogold Res* O 26 Torex Gold* O 41 Torex Gold T 1898 Torq Resources V 139 Torq Resources* O 29 Tower Res* O 50 Tower Res V 886 Transatlantic V 1088 Transition Met V 245 O 10 Transition Met* Treasury Metal T 112 O 67 Treasury Metal* Trecora Res* N 426 Tres-Or Res V 3025

0.11 0.10 0.10 - 0.01 0.12 0.05 0.00 0.00 0.00 - 0.00 0.00 0.00 0.06 0.00 0.06 + 0.01 0.14 0.04 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.80 0.69 0.71 - 0.09 1.32 0.33 0.06 0.05 0.05 - 0.01 0.25 0.05 0.49 0.45 0.49 unch 0.00 0.89 0.31 0.37 0.33 0.36 - 0.01 0.68 0.24 0.10 0.07 0.10 + 0.02 0.14 0.06 0.03 0.02 0.03 + 0.01 0.06 0.02 0.00 0.00 0.04 unch 0.00 0.09 0.04 0.05 0.03 0.05 + 0.03 0.16 0.02 0.08 0.05 0.05 - 0.01 0.50 0.04 0.00 0.00 0.03 unch 0.00 0.36 0.03 0.87 0.80 0.86 + 0.03 2.98 0.80 0.65 0.59 0.64 + 0.01 2.38 0.59 0.03 0.03 0.03 unch 0.00 0.03 0.03 27.55 24.95 26.91 + 0.46 39.08 23.90 27.50 25.12 26.99 + 0.38 39.00 23.89 20.76 18.74 20.30 + 0.11 30.80 18.17 0.37 0.30 0.30 - 0.07 0.74 0.30 0.50 0.00 0.41 - 0.09 1.00 0.36 0.02 0.02 0.02 unch 0.00 0.04 0.02 2.62 2.40 2.44 - 0.17 4.33 1.83 3.49 3.18 3.22 - 0.21 5.63 2.38 0.06 0.05 0.06 unch 0.00 0.12 0.04 0.05 0.05 0.05 unch 0.00 0.09 0.03 0.10 0.08 0.08 - 0.02 0.10 0.07 0.30 0.27 0.28 + 0.01 0.47 0.25 0.40 0.35 0.40 + 0.05 0.58 0.33 0.04 0.04 0.04 unch 0.00 0.18 0.03 0.57 0.48 0.50 + 0.03 0.62 0.33 0.00 0.00 0.05 unch 0.00 0.12 0.05 0.23 0.15 0.15 - 0.07 0.39 0.15 0.16 0.13 0.13 - 0.01 0.25 0.11 0.11 0.10 0.10 + 0.02 0.19 0.09 0.30 0.23 0.25 - 0.04 0.35 0.10 0.00 0.00 0.04 unch 0.00 0.10 0.04 0.17 0.14 0.17 + 0.02 0.22 0.09 0.10 0.07 0.10 + 0.01 0.22 0.07 0.08 0.06 0.06 - 0.02 0.12 0.04 0.07 0.05 0.07 + 0.01 0.15 0.03 0.08 0.07 0.08 unch 0.00 0.17 0.04 2.22 0.00 2.22 + 0.26 5.60 1.90 0.12 0.09 0.11 + 0.02 0.36 0.08 0.10 0.07 0.07 + 0.00 0.28 0.00 1.01 0.91 0.95 - 0.03 4.92 0.81 0.77 0.67 0.72 - 0.03 3.93 0.63 0.37 0.29 0.31 - 0.05 0.78 0.29 0.28 0.22 0.23 - 0.05 0.67 0.22 0.08 0.08 0.08 unch 0.00 0.10 0.05 0.89 0.79 0.79 - 0.10 1.05 0.82 1.19 1.00 1.08 - 0.04 1.65 0.92 0.57 0.49 0.54 - 0.01 1.44 0.49 4.50 0.00 4.40 - 0.01 9.24 3.07 6.05 5.40 6.05 + 0.35 11.50 3.95 0.04 0.03 0.04 unch 0.00 0.09 0.03 0.10 0.00 0.10 + 0.01 0.29 0.07 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.05 0.05 0.05 - 0.01 0.09 0.05 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.09 0.07 0.08 - 0.01 0.40 0.00 8.11 7.46 7.74 + 0.17 11.80 5.73 10.76 9.88 10.43 + 0.55 14.58 7.29 0.41 0.37 0.37 - 0.01 0.70 0.32 0.31 0.29 0.29 + 0.00 1.10 0.25 0.02 0.02 0.02 unch 0.00 0.12 0.02 0.03 0.03 0.03 + 0.01 0.17 0.02 0.06 0.05 0.05 - 0.01 0.10 0.03 0.11 0.09 0.10 unch 0.00 0.20 0.09 0.07 0.07 0.07 unch 0.00 0.14 0.07 0.24 0.00 0.24 unch 0.00 0.67 0.21 0.18 0.17 0.17 + 0.00 0.65 0.16 9.50 8.16 9.30 + 1.29 15.60 7.94 0.03 0.02 0.02 - 0.01 0.07 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Trevali Mng* O 193 Trevali Mng T 8640 Tri Origin Exp V 104 Trident Gold V 25 Trifecta Gold* O 9 Trifecta Gold V 13 Trigen Res* O 27 Trilogy Mtls T 71 Trilogy Mtls* X 1075 O 187 TriMetals Mng* TriMetals Mng* O 144 T 364 TriMetals Mng Trinity Res* O 58 Trinity Valley V 42 O 50 Trio Resources* TriStar Gold* O 24 TriStar Gold V 671 Triumph Gold V 325 Triumph Gold* O 59 Troilus Gold T 401 Troilus Gold* O 0 V 112 Troubadour Res Troy Enrgy V 3 Troy Res* O 15 Troymet Expl V 120 True Grit Res V 340 True North Gem V 198 True North Gem* O 0 O 0 Trueclaim Expl* Trueclaim Expl V 637 Tsodilo Res V 77 Tudor Gold V 280 10 Tudor Gold * O Tundra Gold* O 1 Turquoise HIl T 6852 Turquoise HIl* N 22433 TVI Pacific* O 140 TVI Pacific V 955 Tyhee Gold* O 25 Typhoon Expl V 59

0.35 0.32 0.33 - 0.01 1.37 0.31 0.47 0.42 0.45 - 0.02 1.75 0.41 0.02 0.02 0.02 - 0.01 0.04 0.02 0.15 0.15 0.15 unch 0.00 0.22 0.14 0.04 0.04 0.04 + 0.00 0.10 0.04 0.06 0.00 0.06 - 0.02 0.13 0.05 0.29 0.25 0.25 - 0.05 1.01 0.20 3.00 2.76 2.93 + 0.06 3.00 0.90 2.26 2.14 2.22 + 0.02 2.34 0.69 0.04 0.03 0.04 + 0.00 0.18 0.03 0.07 0.06 0.07 + 0.02 0.23 0.05 0.06 0.05 0.06 + 0.01 0.23 0.05 0.04 0.01 0.04 + 0.01 0.20 0.01 0.04 0.04 0.04 unch 0.00 0.16 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.12 0.09 0.11 + 0.01 0.27 0.09 0.16 0.09 0.14 - 0.02 0.33 0.09 0.36 0.32 0.34 - 0.01 0.80 0.26 0.27 0.24 0.26 - 0.02 0.60 0.20 0.75 0.65 0.65 - 0.05 2.25 0.40 0.00 0.00 0.45 unch 0.00 1.59 0.45 0.20 0.18 0.20 unch 0.00 0.25 0.12 0.00 0.00 0.03 unch 0.00 0.10 0.01 0.09 0.09 0.09 unch 0.00 0.13 0.06 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.05 0.04 0.04 - 0.01 0.15 0.03 0.00 0.00 0.05 unch 0.00 0.05 0.00 0.08 0.08 0.08 unch 0.00 0.17 0.01 0.13 0.10 0.10 - 0.02 0.30 0.07 0.30 0.20 0.20 - 0.10 0.67 0.20 0.34 0.23 0.23 - 0.07 0.58 0.20 0.28 0.21 0.21 + 0.06 0.46 0.15 0.50 0.50 0.50 unch 0.00 1.00 0.38 2.58 2.31 2.38 - 0.13 4.52 2.09 1.96 1.72 1.80 - 0.06 3.59 1.59 0.01 0.00 0.01 + 0.00 0.02 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.03 0.03 - 0.01 0.10 0.03

U.S. Gold* D 486 U.S. Lithium* O 703 U3O8 Corp* O 61 U3O8 Corp T 232 Ubique Mineral 0 UC Res* O 0 Ucore Rare Mtl V 1373 Ucore Rare Mtl* O 1617 UEX Corp T 1691 Ultra Lithium* O 50 Ultra Lithium V 20 Umbral Enrgy* O 172 V 184 Unigold Unigold* O 235 United Battery 1714 United Battery* O 1532 63 United Res Hdg* O United Silver* O 3 United States A* X 296 United States S* N 58493 Unity Energy V 123 Universal Vent V 1154 V 26 Upper Canyon Ur-Energy* X 1479 Ur-Energy T 257 Uragold Bay Rs V 1420 Uranium Energy* X 4527 Uranium Hunter* O 1 Uranium Res* D 7395 Uravan Mnrls V 165 USCorp* O 1887 Val-d’Or Mg* O 40

1.02 0.87 0.93 - 0.07 3.27 0.87 0.02 0.01 0.02 - 0.00 0.04 0.01 0.22 0.16 0.18 - 0.02 0.49 0.16 0.29 0.22 0.26 + 0.01 0.60 0.22 0.00 0.00 0.10 unch 0.00 0.25 0.07 0.00 0.00 0.00 unch 0.00 0.20 0.00 0.17 0.12 0.12 - 0.04 0.26 0.13 0.13 0.08 0.09 - 0.04 0.21 0.10 0.19 0.16 0.18 + 0.01 0.41 0.16 0.11 0.11 0.11 unch 0.00 0.41 0.11 0.14 0.14 0.14 + 0.01 0.51 0.14 0.16 0.13 0.14 + 0.02 0.64 0.12 0.17 0.13 0.16 - 0.01 0.27 0.13 0.12 0.09 0.09 - 0.03 0.20 0.09 0.45 0.42 0.44 unch 0.00 1.68 0.31 0.52 0.29 0.41 - 0.01 1.58 0.23 0.05 0.03 0.03 - 0.02 0.07 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.76 0.70 0.71 - 0.04 1.05 0.22 26.12 21.96 23.06 - 2.66 47.64 21.96 0.51 0.00 0.50 + 0.15 0.51 0.10 0.35 0.29 0.33 - 0.02 0.63 0.29 0.35 0.25 0.35 unch 0.00 0.40 0.15 0.76 0.68 0.76 + 0.06 0.93 0.58 1.00 0.89 0.98 + 0.07 1.19 0.75 0.08 0.06 0.07 + 0.01 0.14 0.06 1.38 1.28 1.32 + 0.02 2.00 1.20 1.60 1.30 1.30 - 0.25 2.09 0.26 0.21 0.16 0.19 + 0.01 1.15 0.15 0.03 0.03 0.03 - 0.01 0.08 0.03 0.00 0.00 0.00 - 0.00 0.02 0.00 0.08 0.07 0.07 - 0.01 0.10 0.07

U-V

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Val-d’Or Mg V 33 134722 N Vale* 0 Valencia Vent* O Valley High Mg* O 10122 O 22 ValOre Metals* ValOre Metals V 61 Valoro Res V 235 Valterra Res* O 155 Valterra Res V 21 O 8 Vanadian Enrgy* V 135 Vanadian Enrgy V 669 Vanadium One O 316 Vanadiumcorp* Vangold Res V 1206 Vangold Res* O 210 4 Vanstar Mng Rs* O Vanstar Mng Rs V 392 Vantex Res V 4 Vatic Vent V 367 Vatic Vent* O 42 N 4780 Vedanta* O 15 Velocity Mnrls* Velocity Mnrls V 0 Vendetta Mng V 805 O 95 Vendetta Mng* V 35 Venerable Vent Verde Potash T 73 Veris Gold* O 1623 Vertical Expl V 64 Vertical Expl* O 1 Victoria Gold V 567 Victory Nickel 112 O 979 Victory Nickel* Victory Res V 571 Victory Res* O 25 Virginia Enrgy V 138 O 187 Virginia Enrgy* Viscount Mng V 17 21 Visible Gold M V Vision Lithium V 1738 O 148 Vision Lithium* Vista Gold* X 647 Vista Gold T 69 Viva Gold* O 16 Viva Gold V 3 Vizsla Res V 10 Volcanic Gold V 31 Volt Energy V 243 Voltaic Min V 674 O 275 Voyageur Min* Voyageur Min V 482 O 48 VR Resources* V 97 VR Resources Vulcan Mnrls V 635 VVC Expl V 158

0.08 unch 0.00 0.15 0.11 0.00 0.11 10.55 13.87 12.55 13.70 + 0.44 16.13 0.00 0.00 0.15 unch 0.00 0.01 0.00 0.01 + 0.00 0.04 0.00 0.16 0.20 0.00 0.20 + 0.04 0.48 0.20 0.27 0.21 0.23 + 0.02 1.25 0.12 0.12 0.12 0.12 - 0.02 0.55 0.01 0.02 0.02 0.02 - 0.00 0.04 0.02 0.02 0.02 0.02 - 0.01 0.04 0.01 0.09 0.00 0.08 - 0.03 0.13 0.06 0.13 0.09 0.10 - 0.02 0.18 0.04 0.23 0.18 0.18 - 0.04 0.29 0.01 unch 0.00 0.15 0.08 0.05 0.08 0.02 0.02 0.02 0.02 - 0.01 0.25 0.02 unch 0.00 0.20 0.02 0.02 0.02 0.13 0.11 0.13 unch 0.00 0.13 0.07 0.12 0.10 0.11 - 0.01 0.18 0.06 0.17 unch 0.00 0.58 0.17 0.17 0.17 0.06 0.07 0.06 0.06 - 0.01 0.32 0.01 0.06 0.03 0.06 + 0.01 0.64 10.66 11.51 10.66 11.15 + 0.08 21.99 0.09 unch 0.00 0.20 0.11 0.11 0.11 0.13 unch 0.00 0.27 0.00 0.00 0.17 0.15 unch 0.00 0.26 0.16 0.16 0.16 0.11 0.13 0.12 0.12 + 0.01 0.21 0.10 unch 0.00 0.14 0.11 0.11 0.11 0.53 0.90 0.83 0.84 + 0.02 1.25 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.07 0.11 0.09 0.09 - 0.02 0.40 0.06 unch 0.00 0.15 0.09 0.09 0.09 0.30 0.37 0.35 0.36 - 0.01 0.47 0.02 0.04 0.00 0.03 + 0.01 0.07 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.13 0.19 0.13 0.13 - 0.06 0.65 0.11 unch 0.00 0.23 0.13 0.13 0.13 0.09 0.23 0.13 0.15 + 0.03 0.36 0.07 0.17 0.00 0.10 - 0.00 0.28 0.17 0.20 0.00 0.18 - 0.01 0.40 0.06 0.00 0.06 unch 0.00 0.18 0.05 0.10 0.14 0.08 0.09 - 0.06 0.79 0.08 0.13 0.07 0.07 - 0.06 0.62 0.37 0.48 0.37 0.44 - 0.02 0.87 0.56 0.64 0.56 0.61 - 0.02 1.12 0.21 0.27 0.21 0.22 - 0.05 0.40 0.21 0.30 0.28 0.30 - 0.05 0.69 0.14 unch 0.00 0.19 0.15 0.15 0.15 0.04 unch 0.00 0.29 0.05 0.04 0.04 0.04 0.06 0.04 0.06 + 0.02 0.96 0.15 0.19 0.16 0.17 + 0.02 0.90 0.04 0.06 0.04 0.06 + 0.02 0.08 0.05 0.09 0.05 0.09 + 0.03 0.11 0.13 0.16 0.14 0.14 - 0.02 0.35 0.17 0.21 0.20 0.20 - 0.02 0.43 0.04 0.00 0.07 nch u 0.06 0.05 0.05 0.02 0.03 0.02 0.02 - 0.01 0.07

Walker Lane* O 8 Walker River V 1165 T 1842 Wallbridge Mng Warrior Gold* O 1 Warrior Gold V 495 Waseco Res V 321 Wealth Mnrls V 1682 O 1484 Wealth Mnrls* O 5 Wescan Gldflds* V 35 Wescan Gldflds O 364 Wesdome Gold* T 1468 Wesdome Gold West African V 599 West High Yld V 261 West Kirkland V 771 35 West Kirkland * O 345 West Red Lake

0.05 unch 0.00 0.40 0.30 0.23 0.23 0.05 0.08 0.06 0.06 + 0.01 0.09 0.06 0.17 0.16 0.16 - 0.01 0.35 0.03 0.03 0.00 0.03 - 0.01 0.17 0.04 0.05 0.04 0.05 - 0.01 0.22 0.03 0.04 0.03 0.03 - 0.01 0.06 0.40 0.55 0.40 0.54 + 0.04 2.00 0.31 0.42 0.31 0.40 + 0.02 1.60 0.02 unch 0.00 0.10 0.02 0.02 0.02 0.01 0.04 0.00 0.03 - 0.01 0.11 1.28 2.85 2.64 2.78 + 0.07 3.79 1.64 3.79 3.51 3.68 + 0.06 4.18 0.23 0.30 0.27 0.27 - 0.03 0.50 0.60 0.40 0.45 + 0.05 0.60 0.20 0.05 0.05 0.05 0.05 - 0.01 0.09 0.05 0.03 0.04 - 0.01 0.07 0.03 0.06 0.06 0.06 - 0.01 0.16 0.05

W-Z

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

West Red Lake* O 64 Western Areas* O 8 Western Atlas V 185 Western Copper T 209 Western Copper* X 215 0 Western Pac Rs V Western Pac Rs* O 0 Western Potash T 24 Western Res* O 18 Western U&V 532 Western U&V* O 635 Westhaven Vent* O 377 Westhaven Vent V 1915 Westkam Gold* O 525 Westkam Gold V 121 Westminster Rs V 151 Westmoreland* O 327 Wheaton Prec M T 4808 Wheaton Prec M* N 11013 White Energy* O 4 White Gold* O 317 White Gold V 503 White Metal R* O 50 White Metal Rs V 313 White Mtn Engy* O 448 Whitehaven Coa* O 1 Whitemud Res V 10 Wildsky Res* O 5 Wildsky Res V 7 Winston Gold* O 334 Winston Gold 225 Winston Res 610 0 Winston Res* O Wolfden Res* O 73 Wolfden Res V 193 Wolfeye Res V 509 Wolverine Mnls* O 75 Wolverine Mnls V 164 V 28 Worldwide Res WPC Res V 184 X-Terra Res* O 0 X-Terra Res V 370 T 6 Xanadu Mines Xander Res V 91 Xemplar Egy* O 0 Xiana Mng V 25 Xiana Mng* O 1 Ximen Mng* O 2 Ximen Mng V 663 Xtierra Inc V 152 T 342 Xtra-Gold Res Xtra-Gold Res* O 83 Yamana Gold T 9245 N 42554 Yamana Gold* O 1 Yellowhead Mng* Yellowhead Mng V 33 Yorbeau Res T 2181 2 You Han Data* O Zadar Ventures* O 5 Zadar Ventures V 832 Zanzibar Gold 236 Zara Res* O 0 Zara Res 0 Zena Mining V 32 Zenyatta Vent* O 2 Zenyatta Vent V 220 Zephyr Mnls* O 11 Zephyr Mnls V 60 Zimtu Capital V 40 Zinc One Res V 503 Zinc One Res * O 80 Zincore Mtls V 43 ZincX Res V 308 ZincX Res* O 22 Zonte Metals V 115 Zonte Metals* O 14

0.04 0.04 0.04 + 0.00 0.13 0.03 1.53 1.53 1.53 - 0.14 2.82 1.53 0.10 0.09 0.09 unch 0.00 0.30 0.05 0.73 0.64 0.64 - 0.09 1.35 0.66 0.56 0.48 0.49 - 0.06 1.07 0.48 0.00 0.00 0.78 unch 0.00 1.20 0.40 0.30 0.00 0.30 + 0.15 0.61 0.01 0.28 0.27 0.28 unch 0.00 0.45 0.26 0.20 0.20 0.20 - 0.01 0.35 0.20 2.57 1.58 1.73 - 0.86 3.32 0.44 1.94 1.19 1.31 - 0.63 2.70 1.19 0.85 0.67 0.74 - 0.02 0.99 0.08 1.11 0.89 0.98 - 0.03 1.34 0.09 0.01 0.00 0.01 - 0.00 0.04 0.00 0.01 0.01 0.01 + 0.01 0.05 0.01 0.05 0.04 0.05 unch 0.00 0.25 0.04 0.03 0.02 0.03 - 0.00 1.84 0.02 21.35 20.33 20.86 - 0.21 29.93 19.87 16.16 15.25 15.64 - 0.21 22.87 15.08 0.24 0.24 0.24 unch 0.00 0.31 0.11 1.05 0.94 1.00 - 0.02 1.44 0.46 1.34 1.23 1.29 - 0.01 2.00 0.54 0.04 0.00 0.04 - 0.00 0.19 0.03 0.07 0.05 0.06 - 0.01 0.25 0.05 0.00 0.00 0.00 - 0.00 0.00 0.00 3.21 3.21 3.21 unch 0.00 4.37 2.94 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.11 0.00 0.11 unch 0.00 0.77 0.08 0.14 0.00 0.11 - 0.03 1.01 0.10 0.03 0.03 0.03 + 0.01 0.09 0.02 0.04 0.04 0.04 - 0.01 0.09 0.03 0.07 0.00 0.03 - 0.04 0.24 0.03 0.00 0.00 0.55 unch 0.00 0.17 0.13 0.13 - 0.04 0.56 0.13 0.21 0.18 0.19 - 0.03 0.68 0.18 0.79 0.50 0.74 + 0.06 1.50 0.50 0.11 0.11 0.11 unch 0.00 0.12 0.06 0.14 0.13 0.14 + 0.02 0.17 0.07 0.07 0.03 0.03 - 0.04 0.09 0.01 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.11 unch 0.00 0.21 0.11 0.15 0.12 0.15 + 0.01 0.30 0.11 0.17 0.13 0.17 + 0.03 0.17 0.11 0.12 0.09 0.12 unch 0.00 0.21 0.09 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.52 0.50 0.50 unch 0.00 0.70 0.09 0.39 0.39 0.39 unch 0.00 0.55 0.06 0.18 0.18 0.18 unch 0.00 0.44 0.10 0.29 0.25 0.29 unch 0.00 0.30 0.13 0.06 0.00 0.06 unch 0.00 0.08 0.02 0.41 0.29 0.30 - 0.02 0.41 0.18 0.31 0.21 0.27 - 0.18 0.45 0.11 2.89 2.73 2.77 - 0.09 4.69 2.66 2.19 2.05 2.08 - 0.08 3.80 2.00 0.25 0.25 0.25 unch 0.00 0.36 0.10 0.40 0.35 0.40 + 0.05 0.70 0.10 0.03 0.02 0.03 + 0.01 0.09 0.02 1.00 0.00 1.00 + 0.05 2.80 0.75 0.02 0.02 0.02 + 0.00 0.08 0.02 0.05 0.03 0.04 + 0.01 0.13 0.03 0.13 0.12 0.13 unch 0.00 0.20 0.10 0.00 0.00 0.04 unch 0.00 0.17 0.04 0.00 0.00 0.07 unch 0.00 0.24 0.07 0.08 0.06 0.06 - 0.03 0.13 0.05 0.28 0.27 0.27 - 0.02 0.65 0.27 0.41 0.34 0.40 + 0.03 0.84 0.34 0.15 0.14 0.14 - 0.01 0.27 0.14 0.20 0.18 0.19 + 0.01 0.33 0.18 0.23 0.23 0.23 unch 0.00 0.40 0.20 0.10 0.09 0.10 + 0.01 0.55 0.08 0.07 0.06 0.07 + 0.00 0.45 0.06 0.05 0.05 0.05 - 0.02 0.35 0.03 0.25 0.23 0.24 - 0.02 0.75 0.23 0.19 0.17 0.17 - 0.04 0.56 0.17 0.33 0.29 0.30 - 0.03 0.41 0.12 0.26 0.22 0.22 - 0.04 0.30 0.10

BID-ASK — NOVEMBER 26–30, 2018 STOCK

12-MONTH

EXC BID ASK LAST HIGH

37 Capital 66 Resources African Metals Aguila Amer Gd AJN Resources Alba Minerals Alchemist Mng Alderon Iron* Alexandra Cap Alliance Mng ALQ Gold Altitude Res Alturas Min Amanta Res American CuMo Anglo-Bomarc Angus Ventures Antler Hill Arch Coal* Arcturus Vent Arian Res Arrowstar Res Asante Gold Asbestos Corp Ashanti Sanko Atlantic Ind Atlatsa Res* Aurcana Corp Aurelius Min Austral Gold Awale Res Banro Corp* BC Moly Bell Copper Benz Mining Bethpage Cap BHK Mining Black Bull Res Black Mam Mtls Boss Power Brunswick Res Bullman Mnls Canex Energy Canoe Mng Vent Caracara Silvr Cassius Vents Cdn Intl Mnrls Cdn Platinum Cdn Silvr Hunt Cerro de Pasc Chilean Metals Chinapintza Mg Cicada Vents Cliffs Nat Res* Comet Inds Copper Lake Rs Cresval Cap CWN M’g Acq Cyprium Mng Damara Gold Dawson Gold Discovery Harb Eastern Zinc Electra Stone Empire Metals Engineer Gold European Metal EVI Global Grp Evolving Gold Excalibur Res Fieldex Expl Finlay Minrls Finore Mng Fire River Gol First Idaho First Legacy Four Nines Full Metal Mnl

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

20-22_DEC10_StockTables.indd 23

0.12 0.29 0.21 0.35 0.13 0.19 0.15 0.27 0.06 0.09 0.06 0.18 0.28 0.24 0.30 0.08 0.14 0.10 0.20 0.15 0.16 0.16 0.28 0.10 0.10 0.06 0.35 ... 0.40 0.14 0.52 ... ... 0.50 0.93 0.02 0.02 0.02 0.06 1.35 1.35 0.22 0.04 0.07 0.05 0.09 0.01 0.01 0.01 0.06 0.01 0.02 0.01 0.06 0.07 0.06 0.13 0.08 0.08 0.15 0.16 ... ... 0.42 0.50 0.02 ... 0.10 0.22 ... ... 0.58 0.09 0.15 0.09 0.16 0.01 0.02 0.01 0.03 0.24 0.12 0.12 0.04 0.05 0.05 0.08 0.35 1.00 0.35 0.90 0.03 0.04 0.04 0.10 0.01 0.02 0.01 0.09 ... ... 0.06 0.45 0.10 0.10 0.23 0.28 0.13 0.14 0.14 0.15 0.07 0.08 0.07 0.17 0.08 0.12 0.09 0.48 0.11 0.11 0.11 2.10 0.05 0.07 0.06 0.16 0.17 0.20 0.20 0.22 0.05 0.08 0.08 0.21 0.01 ... 0.07 0.11 0.02 0.02 0.02 0.10 0.18 0.10 0.08 0.10 0.08 0.16 0.17 0.20 0.17 0.03 0.04 0.03 0.05 0.07 0.12 0.07 0.09 0.14 0.20 0.14 0.40 0.05 0.05 0.14 0.25 0.15 0.15 0.11 0.30 0.06 0.10 0.06 0.08 0.23 0.23 0.15 0.39 0.03 0.03 0.03 0.05 0.05 0.06 0.06 0.09 ... ... 0.29 0.34 0.08 0.12 0.09 0.34 0.01 1.00 0.02 0.02 0.01 0.02 0.01 0.03 1.45 3.20 1.43 7.17 3.05 3.50 3.05 3.60 0.01 0.02 0.02 0.10 0.07 0.20 0.05 0.05 0.08 0.05 0.25 0.03 0.03 0.03 0.05 0.06 0.05 0.10 0.01 0.40 0.30 0.05 0.06 0.05 0.08 0.17 0.30 0.19 0.56 0.01 0.02 0.01 0.04 0.17 0.23 0.17 0.30 0.08 0.09 0.08 0.12 ... 0.01 0.01 0.58 0.62 0.63 0.70 0.08 0.10 0.08 0.26 0.09 0.10 0.10 0.11 ... 0.18 0.19 0.02 0.03 0.03 0.12 0.12 0.12 0.11 0.03 0.07 0.09 0.06 0.24 0.04 0.06 0.23 0.23 0.22 0.25 0.26 0.30 0.22 0.80 0.01 0.01 0.10 0.15

LOW

STOCK

0.18 0.10

Gem Intl Res Gentor Res Getchell Gold Getty Copper GFM Res Global Cobalt Global Cop Grp God’s Lake Res Goldbank Mng Goldbelt Emp Golden Cariboo Goldstar Mnls Goldstream Mnl GoldTrain Res Granite Creek Great Quest Fe Greatbanks Res Green Arrow Green Valley M Greenshield Ex Grosvenor Res HFX Holding Highbury Proj Highvista Gold Icon Explor IEMR Res IGC Res Infinite Lith Inspiration Mg Interconnect Intl Battery Intl Millm Mng Intl Zeolite Iron South Mng Ironside Res Jasper Mng Jazz Res JDF Explor Inc Jubilee Gold Kal Minerals Kenna Res La Imperial Le Mare Gold Lead Ventures Legion Metals Leo Res Lions Bay Cap Lithion Energy Logan Res Lovitt Res Lund Enterpr Madeira Mrnls MAG Silver* Magna Gold Magnitude Mng Margaret Lake Mas Gold Match Capital MAX Res McChip Res Meridius Res Mesa Expl Metron Capital Mezzotin Mnrls Micrex Dev MillenMin Vent Millstream Min Milner Con Slv Minecorp Egy Minsud Res MK2 Ventures Mkango Res Moag Copper Monster Uran Montana Gold Mountain Lake MX Gold Navy Res

0.17 0.08 0.04 0.04 0.12 0.25 0.01 0.03 0.01 0.05 0.06 0.33 0.07 0.09 0.04 0.03 0.33 0.03 0.01 0.06 0.17 0.03 0.06 0.08 0.10 0.06 0.03 0.05 0.07 0.06 0.02 0.06 0.13 0.10 0.08 0.03 0.11 0.02 0.04 0.12 0.08 0.01 0.01 0.98 2.60 0.02 0.03 0.04 0.05 0.22 0.01 0.11 0.08 0.07 0.07 0.01 0.02 0.02 0.12 0.10 0.10

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.01 0.02 0.02 0.03 0.06 0.08 0.08 0.14 ... ... 0.09 0.03 0.04 0.04 0.07 0.04 0.13 0.15 0.15 0.02 0.02 0.02 0.07 0.08 0.08 0.11 ... ... 0.90 1.10 0.10 0.28 0.14 0.21 0.02 0.04 0.02 0.03 0.05 0.06 0.05 0.12 0.04 0.04 0.05 0.12 0.06 0.08 0.07 0.18 0.13 0.15 0.13 0.40 ... ... 0.12 0.14 0.01 0.01 0.10 0.24 0.03 0.05 0.03 0.03 0.03 0.03 0.19 0.20 0.28 0.30 0.50 0.11 0.43 0.11 0.15 0.12 0.28 0.14 0.20 0.05 0.10 0.06 0.12 0.24 ... 0.25 0.35 ... ... 0.17 ... 0.35 0.41 0.84 0.02 0.02 0.02 0.05 0.05 0.17 0.19 0.25 0.26 0.29 0.28 0.32 0.03 0.03 0.03 0.27 0.09 0.15 0.07 0.11 ... ... 0.31 0.02 0.03 0.03 0.04 0.08 0.08 0.08 0.47 0.24 0.27 0.24 0.28 0.09 ... 0.14 0.16 0.08 0.11 0.10 0.29 0.04 0.06 0.04 0.09 0.01 ... 0.05 0.15 0.42 0.70 0.64 0.70 0.12 0.20 0.20 0.20 0.13 0.16 0.15 0.07 0.24 0.07 0.08 0.15 0.15 0.17 0.75 ... ... 0.25 0.60 0.12 0.25 0.17 0.21 ... ... 1.09 0.04 0.05 0.05 0.17 ... ... 0.10 0.03 0.03 0.06 0.08 0.08 0.13 0.10 0.25 0.10 0.19 0.13 0.25 0.04 0.30 0.03 0.05 12.52 13.30 12.52 14.40 ... 0.50 0.40 0.45 ... 0.35 0.15 0.30 0.04 0.05 0.04 0.16 0.06 0.07 0.06 0.15 0.01 ... 0.04 0.10 0.10 0.20 0.32 0.84 0.90 0.89 0.89 0.19 ... 0.19 0.20 0.08 0.08 0.06 0.08 0.05 0.14 0.06 0.08 0.01 0.02 0.01 0.04 0.02 0.02 0.01 0.03 0.01 0.04 0.05 0.04 0.06 0.04 0.06 0.10 0.06 0.11 ... ... 0.12 0.20 0.05 0.06 0.05 0.21 0.22 0.29 0.25 0.39 0.13 0.17 0.16 0.24 ... ... 0.08 0.17 0.41 0.17 1.15 0.09 0.10 0.10 0.10 ... ... 0.05 0.09 0.11 0.11 0.11 0.15 0.11 0.17 0.17 0.32

0.01 0.06 0.02 0.07 0.04 0.22 0.13 0.01 0.05 0.03 0.04 0.12 0.08 0.06 0.02 0.09 0.10 0.14 0.04 0.21 0.11 0.02 0.05 0.12 0.02 0.04 0.01 0.05 0.04 0.08 0.07 0.03 0.01 0.40 0.20 0.06 0.17 0.06 0.05 0.04 0.04 0.02 0.11 0.02 6.12 0.20 0.14 0.03 0.06 0.06 0.50 0.18 0.03 0.05 0.01 0.01 0.03 0.07 0.05 0.15 0.10 0.13 0.02 0.03 0.08 0.15

STOCK

Nebu Res New Klondike New Point Expl New Stratus Newmac Res Nexco Res Noble Metal Gr Nrthn Lion NSGold Nubian Res Odyssey Res Omineca Mg &Ml Orex Mnrls Oriental Non F Pac Cascade Pac Iron Ore Pac Link Mng Pac Ridge Expl Pasinex Res Patriot Gold Pedro Res Pele Mtn Res Phoenix Gold PPX Mining Prime Meridian Quantum Cobalt Rare Element* Razore Rock Res Red Oak Mg Red Tiger Mng Reliant Gold Rhyolite Res Riley Resource Rio Silver Rockland Mnls Rockridge Res Rojo Res Ross River Roughrider Exp Rubicon Mnrls* Sage Gold Sandy Lake Gld Scavo Res Senator Mnrls Sennen Potash Starr Peak Exp Surge Explor Tajiri Res Tanzania Mnls Thunder Mtn Gd Tiger Intl Tintina Mines Tri-River Vent Trident Gold Troy Enrgy Ubique Mineral UC Res United Battery Upper Canyon Vale* Valencia Vent ValOre Metals Vanadium One Vanadiumcorp Vela Minerals Venerable Vent Vizsla Res Westcot Vent Western Pac Rs Western Troy C Whistler Gold Whitemud Res Xiana Mng Zara Res Zimtu Capital Zinco Mng

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.04 0.04 0.04 0.01 0.01 0.01 0.05 0.05 0.06 0.41 0.25 0.25 0.40 0.40 0.10 0.11 0.10 0.10 0.09 0.15 0.09 0.40 0.01 0.01 0.01 0.04 0.21 0.66 0.22 0.67 0.07 0.09 0.08 0.14 0.11 0.13 0.11 0.31 0.03 0.05 0.03 0.07 0.03 0.04 0.03 0.05 0.09 0.10 0.10 0.18 0.01 1.00 1.00 1.05 0.01 0.02 0.01 0.09 0.17 0.10 0.15 0.03 0.50 0.20 0.20 0.05 0.06 0.05 0.07 0.10 0.10 0.10 0.27 0.05 ... 0.10 0.10 ... 0.31 0.21 0.42 0.05 0.05 0.04 0.15 ... 0.01 0.01 0.08 0.09 0.09 0.11 0.01 0.01 0.14 ... ... 1.10 3.15 0.11 0.16 0.15 0.89 0.07 ... 0.07 0.63 0.26 0.34 0.33 0.34 0.02 0.03 0.03 ... 0.02 0.02 0.04 0.15 0.29 0.15 0.32 0.18 0.30 0.18 0.41 0.04 0.05 0.04 0.07 0.07 0.08 0.08 0.11 0.20 0.28 0.23 0.50 ... 0.98 0.40 0.40 0.10 0.12 0.26 0.50 0.11 0.13 0.11 0.30 ... ... 0.03 1.35 0.01 0.01 0.02 0.18 0.08 0.09 0.09 0.13 0.36 0.57 0.36 0.54 0.05 0.15 0.08 0.90 0.45 0.79 0.45 0.55 0.11 0.15 0.14 0.19 0.39 0.44 0.39 0.23 0.09 0.17 0.08 0.18 0.07 0.07 0.16 1.20 ... ... 0.17 0.30 0.07 0.13 0.08 0.17 0.07 0.08 0.08 0.10 ... ... 0.04 0.14 0.24 0.15 0.22 0.03 0.05 0.03 0.10 0.10 0.12 0.10 0.25 0.01 0.02 0.02 0.03 0.40 0.40 0.44 1.68 0.27 0.35 0.35 0.40 ... ... 10.24 11.10 0.20 0.30 0.22 0.06 0.07 0.07 0.13 0.13 0.15 0.13 0.09 0.10 0.09 0.16 0.18 0.30 0.30 0.30 0.11 0.20 0.11 0.14 0.15 0.16 0.15 0.19 ... ... 0.35 0.55 0.40 0.87 0.78 1.20 0.02 0.02 0.02 0.06 0.07 0.15 0.08 0.08 0.01 0.02 0.01 0.05 0.40 0.52 0.50 0.70 0.03 0.09 0.07 0.24 0.23 0.24 0.23 0.40 0.05 0.07 0.05

0.05 0.08 0.06 0.09 0.01 0.19 0.02 0.09 0.03 0.03 0.08 1.00 0.03 0.03 0.04 0.08 0.10 0.17 0.03 0.06 0.20 0.06 0.06 0.08 0.02 0.15 0.10 0.04 0.01 0.20 0.40 0.10 0.11 0.03 0.01 0.04 0.26 0.04 0.30 0.09 0.03 0.05 0.12 0.14 0.04 0.05 0.14 0.01 0.07 0.01 0.31 0.15 6.57 0.07 0.09 0.18 0.10 0.14 0.23 0.40 0.02 0.04 0.01 0.09 0.07 0.20

2018-12-04 1:39 PM

24_MONTH00_BackCover.indd 24

2018-12-04 5:07 PM