The Northern Miner Dec 6 2021 Issue 25 by The Northern Miner Group

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DECEMBER 6—19, 2021 / VOL. 107 ISSUE 25 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Bristow on value gap between fund managers and miners GMS

Newcrest’s growth strategy is Americas focused, not just in Canada C-SUITE INTERVIEW

| Company looks for

long-lived, low-cost assets

| Mining veteran shares his thoughts on the industry

BY HENRY LAZENBY

Barrick president and CEO Mark Bristow (centre) with personnel in the field. BARRICK GOLD

BY HENRY LAZENBY

he global gold mining industry is generally caught between a rock and a hard place when it comes to the disconnect between fund managers and the business of producing sustainable metal and delivering margins. It leaves much value unrealized for owners, Barrick Gold (TSX: ABX; NYSE: GOLD) said during The Northern Miner’s recent Q4 Global Mining Symposium. Speaking to Anthony Vaccaro, president of The Northern Miner Group during a keynote session, Bristow said fund managers’ ambition to gain more relevance often meant shareholders didn’t get the best value from the opportunities at hand. “My critique is that actually through the behaviour of many fund NorthernMiner_CMYK_Nov.pdf managers, we keep forcing the gold

industry into a trading platform and not developing long-term value,” said Bristow. Since the merger of Randgold Resources and Barrick took place early in 2019, it sparked off a wave of consolidation at the top. In coming out of 2018 and his engagement with Barrick, the deal was followed by the joint venture in Nevada with Newmont (TSX: NGT; NYSE: NEM), Newmont’s acquisition of Goldcorp, and again, Barrick’s acquisition of Acacia Mining. This was followed by the Endeavour Mining (TSX: EDV; LSE: EDV) consolidation in West Africa, and subsequently the Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) acquisition of Detour Gold. “Those were all great deals. And they were at the right time of the market, and10:46 theyAM delivered value,” 2021-11-24 said Bristow.

However, according to him, many deals were left on the table despite significant interest to consolidate the industry, and it was a good time to do it. The timing was near the bottom of the market. “The single-asset companies should be wrapped up because then you can invest on the back of that investment. And fixing broken assets in an industry where the average life of mine is ten to 15 years — right now it’s under ten — makes it more difficult, and it makes it more difficult to consolidate the industry. And so then the fund managers want to have that control,” said Bristow. “I think that’s unhealthy because the capital under management in these big public funds is looking for more and more relevance. So, See BRISTOW / 6

ustralia-based Newcrest Mining (ASX: NCM; TSX: NCM; PNGX: NCM) is building critical mass in Canada with the second significant acquisition announced as the mining major sets its sights on organic and mergers and acquisitions-based growth in the Americas, managing director and CEO Sandeep Biswas tells The Northern Miner. In 2019, Newcrest took a 70% interest in Imperial Metals’ (TSX: III) Red Chris copper-gold mine in northern British Columbia, and more recently, the $3.84 billion (US$2.8 billion) acquisition of Pretium Resources, announced on November 9, to gain control of its high-grade Brucejack operation in British Columbia. “Newcrest specializes in what I call tier-one deposits,” Biswas says in an interview. “We have a clear strategy where we want to continue to gain exposure to tier-one deposits, which in our terminology is typically 300,000-plus ounces per year equivalent comprising copper if available, and gold.” Further, the company has a penchant for long-lived assets, typically 15 years or longer and assets also must be low-cost with the ability to go into the first quartile range, according to Biswas. “If you look at Brucejack, it fits all the criteria. And it’s in a tier-one jurisdiction as well, which gives us some geographical spread and reduces the geographical risk as well. “And the other thing that’s good about Brucejack is its exploration potential. I mean, we are explorers. It’s in our DNA,” says Biswas. Newcrest feels very comfortable with the geology. “The latest results, even at the recent Golden Marmot

CMY

YMP SCHOLARSHIP FUND ANNOUNCES 2021 WINNERS / 3

discovery, show that there is a high likelihood of finding more epithermal gold, and there may even be some porphyry potential at the extremities of the property. So, all this excites us,” says the executive. Newcrest was also drawn in by the proximity (about 150 kilometres) of the Brucejack asset to its existing Red Chris operation. This opens an opportunity to extract more significant synergies from an operating and senior personnel standpoint, as well as greater procurement and logistics synergies. Biswas also says Newcrest will bring its extensive block-caving and epithermal vein experience to the table, which could entail a philosophical step-change for how the future Brucejack asset will be operated. The company intends to maximize value at Brucejack via a threeSee NEWCREST / 16 PM40069240

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DECEMBER 6–19, 2021 / THE NORTHERN MINER

Peru’s mining policy snafu gives investment a bloody nose PERU

| Hochschild shares tanked after Peru initially nixed key mine extensions

BY HENRY LAZENBY

eru appears to have backtracked on a decision announced on November 19 that would have forced the premature closure and block extensions of Hochschild Mining’s (LSE: HOC; US-OTC: HCHDF) Pallancata and Inmaculada mines on environmental grounds. The unilateral decision to close and block the mines gave foreign investment a bloody nose. The policy reversal followed mere days after the initial announcement amid an international outcry, with Hochschild vowing to fight the “illegal” one-sided decision that undermined its investment confidence in the jurisdiction. On November 24, the Peru government issued a statement to alleviate uncertainty about the closure of Pallancata and Inmaculada. “In this framework, and in relation to the latest events, we discard the closure and request for unilateral withdrawal of the operations of the mining units, which comply with the legal requirements and conditions established in the national and sectorial legislation, and which have the permits,” a translated version of an official government release stated. “The government reaffirms its absolute and unrestricted respect for fundamental rights, the current constitutional and legal framework and freedom of business, in a context of stability and legal security, based on the principle of predictability, for private investments (small, medium and large), and improvement of the social and environmental environment.” BMO Capital Markets commented in a November 25 research note that the announcement brought some relief on what it previously described as a hastily made decision. In the bank’s view, “the government’s credibility (and motives) may be called into question by investors, making it more challenging to make a case for higher multiples on the [Hochschild] stock.” “We think some investors may be feeling ‘once bitten, twice shy’ given the government’s handling of this situation,” said mining analyst Ryan Thompson. Hochschild reported on November 22 it had learnt via media reports that Peru’s head of cabinet, certain vice-ministers and regional authorities in the town of Coracora in the Ayacucho region had signed minutes of a meeting that detailed alleged environmental complaints. The minutes also stated that a commission had been established to negotiate the timetable and terms for the

Hochschild Mining’s flagship Inmaculada mine in Peru.

closure of specific mining projects in southern Ayacucho, including the company’s Pallancata and Inmaculada mines. According to Hochschild, the Peruvian head of cabinet subsequently indicated that approvals would no longer be granted to facilitate additional mining or exploration activities concerning these mining operations. Hochschild said at the time it had not received any formal communication from the government regarding this matter. Still, the news was enough to scuttle the value of the company’s London-listed shares, sending them down nearly 60% in early London trading on November 22. Reuters also reported at the time that Peru’s Prime Minister Mirtha Vasquez had said four mines in the nation’s Ayacucho region would be closed “as soon as possible.” However, Hochschild said it would defend its position in Peru and asserted that its mines operated under the “highest environmental standards.” “Our goal is to continue investing in Peru,” said Hochschild chief executive Ignacio Bustamante. “However, given the illegal nature of the proposed action, the company will vigorously defend its rights to operate these mines using all available legal avenues.” He said the company would seek to enter dialogue with the Peru gov-

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ernment to resolve any “misunderstandings” concerning its mining operations. The communities close to the affected operations and the trade unions representing the operations’ workforce had issued formal statements supporting Hochschild. The company employs more than 5,000 people directly and about 40,000 people indirectly in Peru. In a November 25 statement, it said that following clarification from the Peru government, “the company’s operations in southern Ayacucho, Pallancata and Inmaculada will continue to operate under the existing legal framework.” Hochschild’s Inmaculada mine is the company’s most significant,

representing more than 60% of its cash flows, according to its latest 2020 annual report. Both the mines account for the bulk of the company’s output. In 2020, the Inmaculada mine produced 15.14 million silver-equivalent ounces, and the Pallancata mine produced 4.79 million silver-equivalent ounces. A BMO research note at the time said Peru’s initial announcement would probably cast a cloud of uncertainty over the future of the operations. “Although Hochschild will not go down without a fight, it is very difficult for us to envision a scenario where the stock outperforms, given

HOCHSCHILD MINING

the current government’s stance on the operations; we are therefore moving to the sidelines with a ‘Market Perform’ rating until more certainty emerges,” said Thompson in a November 22 note. Fellow BMO analyst Colin Hamilton said the renewed uncertainty these developments cause would likely further dissuade new capital investment in mining in the country at present. Hochschild shares tumbled on the news and were down 57.5% at 70 pence each by 08:30 GMT on November 22. The share price has recovered somewhat since then, trading at 132.2 pence at press time. TNM

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GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6–19, 2021

YMP Scholarship Fund announces 2021 winners AWARDS

| Industry support for post-secondary students continues to grow BY CARL A. WILLIAMS Special to The Northern Miner

T Sharlyne Umphrey, Nunavut Arctic College, Environmental Technology, Perseverance/ Kajussissimainarniq, $10,000, Agnico Eagle Mines

Dex Feliciano, University of British Columbia, Mining Engineering, Student in Mining (for students in financial need), $5,000, Alamos Gold

Conner Arts, Lakehead University, Geology, Ontario Mining Scholarship, $5,000, Equinox Gold

Rebecca Montsion, Laurentian University & University of Western Australia, Joint PhD Candidate, Northern Ontario Student in Mining, $5,000, Alamos Gold

Alice Xu, University of British Columbia, Geological Engineering, UBC B2Gold Scholarship, $10,000, B2Gold

Tia Shapka-Fels, University of British Columbia, MASc Mining Engineering, BC Mining Scholarship, $5,000, Equinox Gold

Gerald Ouellette, Queen’s University, Masters in Earth and Energy Resources Leadership (MEERL), Student in Mining (for students in financial need), Alamos Gold

he Young Mining Professionals Scholarship Fund (YMPSF) has announced its 2021 scholarship recipients. A total of $125,000 in scholarships has been awarded to post-secondary students following mining-related programs in Canada. The scholarships are chaired by Stephen Stewart, chairman of the Ore Group. “This is the fourth year of the scholarships, which Iamgold and Orefinders Resources started in 2018 with $12,000 in scholarships being offered to candidates,” Anthony Moreau, director of the YMP Scholarship Fund and CEO of American Eagle Gold (TSXV: AE), said in an interview. “Now, we have 18 sponsors contributing a total of $125,000 in scholarships, which is a testament to the quality of the candidates and the generosity of the sponsors.” According to Moreau, this year’s scholarships increased from $61,500 to $125,000. In 2021, there were two categories of winners. The first category consists of the traditional scholarships, with 23 awards ranging from $2,500 to $15,000. The second category is the lottery scholarship program launched last year and consists of 12 awards of $500 each. Moreau said the lottery scholarship program casts a wider net, making a bigger impact by offering smaller monetary prizes to as many students as possible.

Aiden Bowe, University of Alberta, Mining Engineering, Student in Mining Scholarship, $5,000, Kinross Gold

Pierre-Olivier Leroux, Université Laval, Geology, O3 Mining Scholarship, $15,000, O3 Mining

Rebecca Lord, University of Waterloo, Earth Science, Student in Mining Scholarship, $5,000, Kinross Gold

Lerena Ashevak, Acadia University, Environmental Science, Indigenous Scholarship, $3,000, Ore Group

Courtney Onstad, Simon Fraser University, Earth Sciences PhD Candidate, Northern Miner Scholarship, $5,000, The Northern Miner

Sunrise Longchap, Centre Polymétier de RouynNoranda, Electricy Diploma, Indigenous Scholarship, $3,000, Ore Group

See YMP SCHOLARSHIP FUND / 6

Hannah LeCocq, Queen’s University, Mining Engineering, Peter Munk Scholarship, $10,000, Barrick Gold

Charles Meadows, Queen’s University, Mining Engineering, Côté Gold Indigenous Community Scholarship, $5,000, Iamgold

Rim Fayjhi, McGill University, Mining Engineering, Côté Gold Woman in Mining Scholarship, $5,000, Iamgold

Yasaman Nemati, Université Laval, Earth Sciences PhD Candidate, New Canadian Scholarship, $2,500, Joan Margaret Stewart

Mikayil Nağhiyev, Laurentian University, MSc Geology, New Canadian Scholarship, $2,500, Joan Margaret Stewart

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THE VIEW FROM ENGLAND

EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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Inflation anxiety — what’s in store

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com MULTIMEDIA SPECIALIST: Henry Lazenby hlazenby@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (416) 510-6789 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 SUBSCRIPTION RATES: Canada: C$130.00 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.: C$172.00 one year Foreign: C$222.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

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he Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top-notch roster of guests from the mining industry including Mark Bristow, CEO of Barrick Gold; Rob McEwen, chief owner and chairman of McEwen Mining; CanBY TRISH SAYWELL dace MacGibbon, former CEO of INV Metals; and George Ogilvie, CEO of Arizona Sonoran Copper Company, to name just a few. Also present were George Salamis, president and CEO of Integra Resources, Trent Mell, CEO of Electra Battery Materials; and Anthony Milewski, chairman of Nickel 28. The virtual event saw 1,226 delegates tune in from 73 countries — from Afghanistan to Zambia and everywhere in between. Video recordings of the sessions can be viewed on our website and I encourage you to watch each and every one of them. (Our next GMS is scheduled for February 23 and 24.) One theme discussed at the conference was inflation and its impact on miners and commodities. Prices have surged this year, driven higher by disruptions in the global economy, kinks in the supply chain, higher shipping rates, and rising costs for everything from fuel and food to housing and wages. Over the last twelve months, inflation in the United States in October was up 6.2% — the biggest annual jump in more than three decades. According to Oxford Economics, natural gas prices in October were up 565% year-onyear; coal prices jumped 244% year-on-year; and oil prices gained 102%. The U.S. Federal Reserve recently approved plans to cut back monthly bond purchases and is likely to start raising interest rates in the second half of next year, although with a dangerous new variant of the Covid-19 virus emerging in South Africa, all bets are off. In a keynote interview at the Global Mining Symposium with Anthony Vaccaro, president of The Northern Miner Group, Barrick Gold’s Bristow, dialing in from London, noted that inflation is here to stay, specifically in the gold industry. “We’ve got two legs to inflation: Inflation drives the gold price because you devalue money. And then, there are the input costs of your operations,” he explained. “As managers, we should be all about cost control, efficiencies, automation and investing to take our industry into the future. Since 2019, Barrick has taken out hundreds of millions of dollars of costs.” In a research note published on November 26, mining analyst Farooq Hamed of Raymond James pointed out that when a number of companies recently reported their third quarter results, some warned that “full-year cash cost and AISCs would be towards the upper end of the guided ranges as inflation continues to push consumable, labour, and logistical costs higher.” “Operating and capital cost guidance for 2021 was generally maintained in 3Q,” Hamed noted, “however the majority of companies under coverage discussed inflationary pressures on input items expected in 2022, varying from ~2-10%. On inflation pressure on input items, common elements driving higher costs seem to be steel and grinding media, diesel and chemicals/ reagents and labour costs specifically on skilled labour and contractors.” The analyst then extracted comments on inflation from third-quarter earnings calls and MDAs from ten companies he covers, including Agnico Eagle Mines, Iamgold, Kinross Gold, and Hudbay Minerals. Agnico Eagle noted that it is “seeing cost inflation on consumables and supplies in the order of about 5% to 7% going into next year,” Hamed noted. Kinross said it was “seeing inflation in the range of 3% to 5% in the second half of this year,” and “as the price of key inputs remain elevated, we expect inflationary pressure on our operating cost in the range of 5% to 7% going forward.” On a recent mine tour, according to Hamed, Hudbay Minerals said it is seeing “~10% inflation impact on opex and capex,” while Iamgold has estimated that higher prices for grinding steel, cyanide, fuel and shipping rates “does impact surcharges for a lot of the bulk materials we receive and/or parts,” adding that a “dollar of per tonne mined, dollar per tonne milled, we’re probably seeing [5-6% inflation] on costs in 2022 over 2021, maybe slightly higher, but not a lot higher.” Other analysts weighing in recently on the impact inflation is having and will likely continue to have in the months ahead, along with other cost pressures on the mining industry, are CIBC Capital Markets analyst Giorgia Anton and her team. “Cost pressures facing the producers have squeezed margins, but it is the long permitting timelines, increasing ESG requirements, and lack of projects in the development queue that do not require meaningful infrastructure capex that have contributed to the higher-for-longer commodity price forecasts,” she commented in a research note focused on precious metals released on November 23. Anton believes the US Federal Reserve is likely to raise rates in the second half of next year, but it will take time for any change to be felt. “Despite expectations for inflation to subside and rate hikes to emerge during the latter part of 2022, it will be difficult to see a substantial recovery in real rates in the near term, as Central Banks will need to walk a fine line between controlling inflation and managing debt levels. If we’re wrong, and Central Banks decide to let inflation stay higher-for-longer, our forecast for a gradual pullback in gold and silver could prove to be too conservative.” Anton also noted that the allure of cryptocurrencies may impair some of the market’s appetite for gold as a safe haven asset. “We continue to believe that the demand for physical gold and silver will remain high, not only from traditional investors, but also from a wider array of investors seeking a safe-haven option to hedge against inflation and market volatility,” she wrote. “However, the resilience of cryptocurrencies, despite commentary out of China on potential crackdowns, has been stronger than expected and clearly offered investors an alternative monetary instrument. While the playbook on cryptocurrencies has yet to be fully defined and some rationalization among the group will likely occur, it is clear that some form of crypto is here to stay.” TNM

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COLUMN

| It’s party time

BY DR. CHRIS HINDE Special to The Northern Miner

he U.S.A. and Scotland have already started their festive-season celebrations, and there are few nations on Earth that know how to party like the Scottish, especially when there is gold to be found. Americans celebrated Thanksgiving Day on November 25. The annual harvest festival has been fixed on the fourth Thursday of November since a proclamation in 1863 by President Abraham Lincoln (part of his attempt to foster a sense of unity between the northern and southern states). Thanksgiving in the U.S.A. can be traced to a 1621 celebration of a good harvest at Plymouth in present-day Massachusetts. Although Thanksgiving has its roots in religious and cultural traditions, it has also long been celebrated in a secular manner. Indeed, the day after Thanksgiving is one of the busiest shopping days of the year (in many countries), and is known as ‘Black Friday’. The Scottish need no lessons in celebrating, and their party season started on Saint Andrew’s Day, November 30. The patron saint of Scotland was born in Galilee, now part of Israel. He died a martyr on the last day of November, 60 AD, being crucified in Greece by order of the Roman governor Aegeas. According to legend, Andrew asked to be tied to an X-shaped cross because he did not feel worthy of dying on the same shape of cross as Jesus. Andrew has been revered in Scotland for some 1,300 years, and the shape of his cross (known as a saltire) has been represented on the Scottish flag by a white cross since at least 1385. Oengus I (king of the Picts 732761) built a monastery in what is now the town of St Andrews to house relics of the saint (supposed to have included a tooth, kneecap, arm and finger bone). These relics were destroyed in the 16th century during the religious conflicts of the Scottish Reformation but, in 1870, the Archbishop of Amalfi sent a piece of the saint’s shoulder blade to Scotland (where it is stored in St Mary’s Cathedral in Edinburgh). In the ninth century, Oengus II (king of the Picts 820-834) attributed a victory in battle (against a far superior English army) to an intervention by Andrew. It was not until 1320, however, that Andrew became the country’s official patron saint with the declaration of independence on April 6 — which was declared Tartan Day in the U.S.A. Saint Andrew is also the patron saint of Greece, Russia, Barbados,

Amalfi in Italy and the Order of the Thistle (second only to the Order of the Garter in ranks of U.K. chivalry). Wikipedia tells us that he also keeps busy as the patron saint of fishmongers, fishermen, women wanting to be mothers, singers, spinsters, maidens, sore throats and gout. Scottish mining engineers have particular reason to party because Scotgold Resources has announced that its Cononish gold mine in Tyndrum continues to ramp-up production. The mine has just managed a third consecutive month where production revenue exceeds operating costs. The U.K.’s only commercial gold mine has been a long time coming (the project dates back to 1984) and ownership has changed several times (as has Scotgold’s management, most recently in April). Moreover, with a target gold output of only 23,000 ounces per year, and a mine life of nine years, Cononish is unlikely to generate much excitement in Canada. Nevertheless, five years ago, the company’s then technical consultant Chris Sangster told BBC Scotland: “Cononish itself is quite a small deposit (currently 541,000 tonnes of measured and indicated rock grading 14.3 grams per tonne) but we think the surrounding area holds a lot of potential.” Indeed, although there has been no substantial finds of gold in England, the precious metal has been mined in Scotland (and Wales) for centuries. Gold from the hills around Wanlockhead and Leadhills in the Southern Uplands was used to make some of the Scottish crown jewels, and today’s exploration pales into insignificance compared with the Scottish gold rush of 1869. The rush to Helmsdale in the remote north-east of Scotland (some 300 km north of Scotgold’s mine) was caused when a local newspaper reported that a prospector returned home from Australia’s goldfields had found gold in the Kildonan Burn (stream). Locally-born Robert Gilchrist had been struck by the similarity of the gold-producing districts of Australia to his native valley. The site of his exploration, which hosted up to 600 prospectors, is now a park called Baile an Or, which comes from the Gaelic for ‘Town of Gold’. Even the English admit that the Scots can throw a good party but the Kildonan gold rush only lasted a year and, for gold mining in the U.K., it’s too early for the bunting. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX Agnico Eagle Mines. . . . . . . . . . . . . . . . . . . . . 6,16 Alamos Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Alrosa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 American Eagle Gold . . . . . . . . . . . . . . . . . . . . . .3 Anglo American. . . . . . . . . . . . . . . . . . . . . . . . . .13 Arctic Star Exploration . . . . . . . . . . . . . . . . . . . .14 Arizona Sonoran Copper Company. . . . . . . . 7,8 Aurion Resources. . . . . . . . . . . . . . . . . . . . . . . . .10 B2Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . 1,6,16 Baseload Energy. . . . . . . . . . . . . . . . . . . . . . . . . . .6 Blackrock Silver . . . . . . . . . . . . . . . . . . . . . . . . . .10 Burgundy Diamond Mines . . . . . . . . . . . . . 14,15 Copper Mountain Mining . . . . . . . . . . . . . . 10,11 Diamcor Mining . . . . . . . . . . . . . . . . . . . . . . . . .14 Endeavour Mining. . . . . . . . . . . . . . . . . . . . . . . . .1 Equinox Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Evolution Mining. . . . . . . . . . . . . . . . . . . . . . . . . .8 First Quantum Minerals . . . . . . . . . . . . . . . . . . .11 Great Bear Resources . . . . . . . . . . . . . . . . . . . . 7,8 Hochschild Mining . . . . . . . . . . . . . . . . . . . . . . . .2 Iamgold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6

Imperial Metals . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Kirkland Lake Gold . . . . . . . . . . . . . . . . . . . . . 1,16 Lucapa Diamonds . . . . . . . . . . . . . . . . . . . . . . . .16 Lucara Diamond . . . . . . . . . . . . . . . . . . . 14,15,16 Margaret Lake Resources . . . . . . . . . . . . . . . . . .14 Mistango River Resources . . . . . . . . . . . . . . . . . .6 Mountain Province Diamond . . . . . . . . . . . . . .15 Newcrest Mining . . . . . . . . . . . . . . . . . . . . . . . 1,16 Newmont. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 North Arrow Minerals . . . . . . . . . . . . . . . . . 14,15 O3 Mining. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Orefinders Resources . . . . . . . . . . . . . . . . . . . . . .6 Orocobre . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,12 Petra Diamonds . . . . . . . . . . . . . . . . . . . . . . . . . .16 Polymet Mining . . . . . . . . . . . . . . . . . . . . . . . . . .12 QC Copper & Gold . . . . . . . . . . . . . . . . . . . . . . . .6 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . .13,14,15,16 SolGold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 Star Diamond . . . . . . . . . . . . . . . . . . . . . . 14,15,16 White Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6–19, 2021

11-13 January 2022, Riyadh, Saudi Arabia King Abdulaziz International Conference Center

Investing in Lands of Opportunity The future global economy will be low carbon requiring complex technologies like electric vehicles, solar panels and wind turbines. These innovations are powered by mined materials such as copper, zinc, tin, tungsten and lithium.

www.FutureMineralsSummit.com

20+

Ministers

The world needs new 'lands of opportunity' to meet the exponential demand growth in a sustainable way.

100+

Brought to you by the Kingdom of Saudi Araba, the inaugural Future Minerals Summit offers a one-stop-shop for investors looking to get in on the ground floor of the many opportunities available across the Middle East, Central Asia, and North and East Africa.

Saudi Arabian Ministers

Mining Majors and Mining Corporates

150+

International Investors

International Ministers

Mining Leaders

H.R.H. Abdulaziz bin H.E. Tarek El Molla Salman Al Saud Minister of Petroleum

Mark Bristow

H.H. Faisal bin Farhan H.E. Bekmurzaev Doskul Al-Saud

Robert Friedland

Minister of Energy

Minister of Foreign Affairs

H.E. Khalid Al-Falih Minister of Investment

H.E. Bandar Al-Khorayef Minister of Industry and Mineral Resources

and Mineral Resources Egypt

Minister of Energy and

Industry Kyrgysz Republic

President and Chief Executive Officer Barrick Gold

Founder and Co-Chairman Ivanhoe Mines

Investors

100+

Global Speakers and Thought Leaders

2,000+ Attendees

95+

Countries

Associations

H.E. Yasir Al-Rumayyan

Rohitesh Dhawan

Governor Public Investment Fund Saudi Arabia

President and Chief Executive Officer International Council on Mining and Metals

Eric Cantor

David Tait

Vice Chairman and Managing Director Moelis and Co

Chief Executive Officer World Gold Council

H.E. Gwede Mantashe Minister for Mineral Resources South Africa

Joc O’Rourke

Thomas Kaplan

John Fennell

President and Chief Executive Officer The Mosaic Company

Chairman Novagold

Chief Executive Officer International Copper Association Australia

Beibut Atamkulov

Jeffrey Dawes

Ross Bhappu

Wendy Tyrrell

Partner and Head of Private Equity Resource Capital Funds

Executive Director, Development Partner institute

Minister of Industry and President and Chief Infrastructural Executive Officer Development Komatsu Mining Corp Kazakhstan

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DECEMBER 6–19, 2021 / THE NORTHERN MINER

BRISTOW From 1

the Newmont deal and the Barrick transaction that consolidated into big organizations created and attracted significant alternate investors,” said Bristow. Barrick today has an exciting opportunity in front of it because, like Randgold back in the last bull market, it used the time to tidy up the portfolio and focus on value and a horizon that is beyond that of the general industry. “We did everything we said we would do. We migrated the ownership and accountability of the mines to the mine management. We moved the ownership of the ore body and

its planning responsibility there. We had to change the management teams to real business people supported by competent technical experts,” said Bristow. “We’re now starting to talk more about the greenfields opportunities in front of us. For the last three years, we talked about how we extend our life of mines; now, we’re talking about how we build on top of that platform. “I think the latest round of consolidations, it’s near the top of the market whichever way you look at it. But when you look at the margins, the industry doesn’t keep these margins all the time. “If we had worked together as management and as fund managers,

YMP SCHOLARSHIP FUND From 3

Mitch Maracle, Acadia University, Geology, Indigenous Scholarship, $3,000, Ore Group

Maddison Konway, McMaster University, Materials Engineering and Management, Woman in Mining Scholarship, $5,000, TD Securities

The lottery awards were funded by contributions from several organizations, including Kinross Gold (TSX: K; NYSE: KGC), Champion Iron (TSX: CIA; ASX: CIA: US-OTC: CIAFF), YMP Toronto, and American Eagle Gold. This year’s scholarships were funded by Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Alamos Gold (TSX: AGI; NYSE: AGI), B2Gold (TSX: BTO; NYSE: BTG), Barrick Gold (TSX: ABX; NYSE: GOLD), Equinox Gold (TSX: EQX; NYSE: EQX), The Northern Miner, O3 Mining (TSXV: OIII; USOTC: OIIIF), Baselode Energy (TSXV: FIND), Joan Margaret Stewart, QC Copper & Gold (TSXV: QCCUF; US-OTC: QCCUF), Orefinders Resources (TSXV: ORX; US-OTC: ORFDF), Mistango River Resources (CSE: MIS), Yamana Gold (TSX: YRI; NYSE: AUY), Kinross Gold, TD Bank, and Iamgold (TSX: IMG; NYSE: IAG). TNM

Ryder Germain, Queen’s University, Mining Engineering, Mining Capital Markets Scholarship, $5,000, TD Securities

Tebatso Mothupi, Laurentian University, Msc Mining Engineering, Student in Mining, $5,000, Yamana Gold

Alex Thivierge, Université Laval, Chemical Engineering PhD Candidate, Student in Mining, $5,000, Yamana Gold

because we were in the same canoe, we could have created more value,” said Bristow. He is not convinced the lessons from the past cycle have been wholly taken to heart by the current industry leaders. “Coming out of this bull market in the future — that’s always the test — will we be better, be more valuable than we were going in? I think the jury’s out on that. I think we could have done the job better. While we did it a lot better than the last cycle, there’s still more to do,” said Bristow. In a constantly changing world, Bristow underlined how management needed to improve, attract more competent technical people, and invest in the industry’s future, starting with heavy investment in young talent, not only in exploration. Meanwhile, in the wake of Coviddriven global supply chain bottlenecks and rising input cost profiles, Bristow is convinced inflation is here to stay, specifically in the gold industry. “Some of the points around cost increase in the industry gets confused with deteriorating grade. In mining, your revenue is your orebody,” said Bristow. The gold industry has not replaced the gold it has mined since the turn of the century. In the past 20 years, it’s averaged about 50% of replacement of the total ounces mined, according to the long-time mining executive. “We’ve got two legs to inflation: Inflation drives the gold price because you devalue money. And then, there are the input costs of your operations. As managers, we should be all about cost control, efficiencies, automation and investing to take our industry

into the future. Since 2019, Barrick has taken out hundreds of millions of dollars of costs,” said Bristow. “When you look at the demands for new ways to generate cleaner energy, there should also be opportunities to improve one’s efficiencies. Likewise, when you look at automation, it doesn’t take jobs away. It just produces higher-quality jobs.” Covid has contributed to the deglobalization of the global economy, hindering the industry from acting in a global sense to the challenges of our times. “If we’re going to behave in any way close to what we did in managing Covid, we’re in for a hard time,” said Bristow. According to him, whenever the world gets to these major inflection points, whether in 1987, 1999 or 2008, these significant corrections are the drivers that encourage people to add more gold into their portfolios as a hedge against risk. “You must have your mandatory 5% in your investment portfolio in the form of some sort of gold, whether it’s physical or equity, and Barrick is going to be part of that,” said Bristow. Under Bristow’s guidance, Barrick has reorganized its portfolio around so-called tier-one assets. “We now look for more than 5 million ounces, and we want bigger assets because you get bigger value, but it’s harder to get those IRRs up into 20%,” says Bristow. The new Barrick has set the IRR investment filter initially at 15%. The rigid definition is 500,000 ounces a year for more than ten years, supported by a defined inventory, be it reserves or resources, and at the lower half of the all-in sustaining cost curve.

A P P O IN T M E N T

Bristow estimates there only to be about 14 such assets globally, of which Barrick controls six. “And we have a couple of assets that are 500,000-ounce producers, but they don’t make the financial cut. We don’t call them tier one, but they are big, and they’re strategic and important enough for our business at the US$1,200 per ounce gold price we use in our modelling,” said Bristow. For context, Bristow has a standard investment filter model he and the Randgold team developed in 1997-98. It was centred around a standardized IRR of more than 20%, at a then gold price of US$450. That was before it went down to US$260. “And we kept that for a long time. In 2007, we lifted it to US$650. And then, in 2010, we lifted it to $1,000. And we stayed there until 2019. We test our long-term gold price against an input model,” said Bristow. With the Barrick deal, the input model had changed again. Management felt it was appropriate to lift the long-term gold price from US$1,000 to US$1,200. It implemented the new long-term price in the first round of reserve definition at the end of 2019 and kept it at the same level since. “It’s a good discipline. And sure, there are inflation pressures now on the input costs, and we’ll manage that. But right now, we see that that discipline keeps the quality of our assets, and it forces you to find them because you can’t buy them,” said Bristow. “And of course, now and then, there is an opportunity to grow through M&A. But discipline prevents you from destroying value in times when the market is baying for deals.” TNM

N O T I C E

B2Gold’s President & CEO, Mr. Clive Johnson, is pleased to announce the appointment of Mr. Peter D. Montano as Vice President, Projects effective November 15, 2021. Mr. Montano started his career as a civil and geotechnical engineer, specialising in civil infrastructure and mining projects throughout the Americas, before adding mining engineering to his portfolio. Collectively, he has over 15 years of global experience in the mining industry that encompasses geotechnical engineering, mine construction and operation, open-pit design and planning, financial modelling and project optimization. Mr. Montano joined B2Gold in 2010 as Senior Engineer and was instrumental in the development and expansion of the Company’s first two mines, El Limon and La Libertad, in Nicaragua. Shortly thereafter he was promoted to Senior Project Engineer where he played a fundamental role in the Mr. Peter D. Montano construction of the Company’s first mine in Africa, Vice President, Projects Otjikoto, located in Namibia, which in 2014 made history as one of the fastest moving mine construction projects in the country. Subsequently, Mr. Montano was responsible for the initial project development and long-term plans of the Company’s flagship mine, Fekola, located in Mali, and was swiftly promoted to Project Director in 2016. He has since continued to optimize and significantly add value to the Company’s projects, including the mine expansion at Fekola and addition of the Wolfshag underground mine at Otjikoto, which ultimately led to his recent promotion. In his new role, Mr. Montano will be responsible for the long term and strategic planning and execution of the Company’s projects, from acquisition through project development, mine construction, operation and closure. Mr. Montano holds a Bachelor of Science (Economics) and a Bachelor of Science (Engineering, High Honors) from the Colorado School of Mines, USA, and is a registered Professional Engineer (Colorado, USA).

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, and numerous exploration and development projects in various countries including Mali, Colombia, Finland and Uzbekistan. TSX: BTO | NYSE AMERICAN: BTG | NSX: B2G | B2GOLD.COM

SPECIAL FOCUS

EXPLORATION PROJECTS TO WATCH

A copper-mineralized boulder at Arizona Sonoran’s Cactus project. ARIZONA SONORAN COPPER

Great Bear’s new Dixie discovery Arizona Sonoran’s George Ogilvie on copper and the Cactus project GMS

| High-grade gold found at company’s Red Lake project

ONTARIO

| Company expects mine to produce about 56 million lb. of copper cathode per year

Surveying the open pit at Arizona Sonoran’s Cactus project. ARIZONA SONORAN COPPER

Great Bear Resources president and CEO Chris Taylor holds one of the highestgrade intercepts to date from the LP Fault zone of the company’s Dixie gold project in northwest Ontario. THE NORTHERN MINER/HENRY LAZENBY

BY HENRY LAZENBY

G BY TRISH SAYWELL

hen Arizona Sonoran Copper Company (TSX: ASCU) puts its brownfields Cactus project into production, the mine will produce about 56 million lb. of copper cathode a year over an 18 year mine life, which adds up to about 1 billion pounds of the metal, president and CEO George Ogilvie told the Northern Miner’s Q4 Global Mining Symposium on November 17. The past-producing mine, about 65 km south of Phoenix, was operated by Asarco between 1974 and 1985. At the time the mine was called Sacaton, and it had a large copper concentrator and flotation mill. Asarco sent the copper concentrate by rail to its smelter in El Paso, Texas. During its lifetime the open-pit operation produced about 400 million lb. copper, 27,000 oz. gold and 759,000 oz. silver. The mine closed due to the exhaustion of open pit reserves, and an underground operation was contemplated and under development until September 1981. But the work was suspended due to low copper prices coupled with Asarco’s liquidity issues. Ogilvie notes that Asarco was predominantly targeting the enriched material and chalcopyrite — the primary sulphide — and left a 77-million-tonne stockpile at surface, which it had regarded as waste but was oxide material. “At a 1.69% total grade of copper, that generates 224 million pounds of copper that’s already been drilled, blasted, and hauled to surface

and really just needs to be moved on to a future constructed leaching pad,” Ogilvie told the conference participants. Based on the column tests Ogilvie and his team have done so far, metallurgical recoveries of the oxide material is close to 90%. “Back in the 1970s and 80s’ the mine was about ten years ahead of the technology,” he said. “Today, the heap leach, SX-EW is very proven technology.” “We’ve just released a preliminary economic assessment that doesn’t just look at the stockpile,” he continued. “There’s mineralization today sitting in the original pit and there’s also an underground component.” “In total, the company has a compliant 43-101 resource consisting of 1.6 billion lb. copper in the indicated category and 1.9 billion lb. copper in the inferred category, and we’re very confident that over the next several years, as we complete the technical studies and the project financing, that we can put this mine into production before some juncture in 2024 and start producing copper cathode and selling it into the U.S. market.” Currently the project capex is about US$124 million, but as Ogilvie points out, the stockpile has “all been bought and paid for by the former company, Asarco, and the pit is already there. So it’s really a pit layback. Obviously the costs go up a little bit with underground capital development. But the nice thing is, once we go underground, we start to see grades that are approaching 1% copper. Of course, it will be a big underground

bulk tonnage mine. But that’ll drive down the economies of scale.” Arizona Sonoran based the resource at a copper price of US$3.15 per lb. and the financial and economic modelling at US$3.35 per lb., both of which are substantially below current levels See ARIZONA SONORAN / 8

reat Bear Resources (TSXV: GBR; US-OTC: GTBAF) has announced a new, highgrade gold discovery named the Midwest zone at its cornerstone Dixie project in northwest Ontario’s fabled Red Lake district. The Midwest zone is about 275 metres northwest of the Hinge zone and 250 metres south of the Dixie Limb zone. The discovery hole returned 20.27 grams gold per tonne over 1.75 metres, starting from a depth of 812.35 metres. In total, the mineralized interval entailed 5.69 grams gold per tonne over 7.05 metres, starting from 809.95 metres depth, Great Bear president and CEO Chris Tay-

lor tells The Northern Miner in an interview. Taylor said the limited drilling and data to date suggested additional basalt-basalt contacts may occur southwest of the LP Fault zone, providing the company with yet another set of highly prospective drill targets. To date, the most significant discovery at Dixie has been the highgrade LP Fault zone, where drilling has thus far identified gold mineralization along 11 kilometres of strike. The company has completed drilling of a detailed 4-kilometre grid in the centre of the LP Fault. Close to the Fault zone is the Hinge, Limb, Midwest and Arrow gold zones. “We recently resumed drilling See GREAT BEAR / 8

FIT-FOR-PURPOSE SOLUTIONS Our fit-for-purpose solutions encompass the skills of qualified geologists, geostaticians, analytical chemists, mineralogists, metallurgists, process engineers and mining engineers brought together to provide accurate and timely mineral and process evaluation services across the entire mining life cycle. SGS IS THE WORLD’S LEADING INSPECTION, VERIFICATION, TESTING AND CERTIFICATION COMPANY

WWW.SGS.COM/MINING CA.MINERALS@SGS.COM

DECEMBER 6–19, 2021 / THE NORTHERN MINER

SPECIAL FOCUS EXPLORATION PROJECTS TO WATCH

WWW.NORTHERNMINER.COM

Great Bear’s geological team orients analysts at one of the few outcrops on the LP Fault at Dixie. THE NORTHERN MINER/HENRY LAZENBY GREAT BEAR From 7

Arizona Sonoran’s Cactus project, looking west-southwest. ARIZONA SONORAN COPPER

ARIZONA SONORAN From 7

for the metal, which are well above US$4.00 per lb., and approaching all-time highs. The long-time executive and mining engineer, who has spent 17 years of his career in base metals and 15 in gold, also noted that the PEA still left about 2.5 billion lb. of copper in the ground within that resource, and said he was “very confident as we continue to drill this deposit out, we’re going to be able to further optimize the pit shell, and no doubt increase our annual production and the life of mine at the same time.” The company is looking at C1 cash costs of US$1.55 per lb. and all-in sustaining costs of about US$1.88 per pound. At a copper price of US$3.35 per lb., that delivers an after-tax net present value at an 8% discount rate of US$312 million and an internal rate of return of roughly 33%. Ogilvie cautions, however, that with the prevailing inflationary trend, prices will most certainly rise, at least over the next two to three years. “We will face some headwinds when it comes to cost escalation on the capex,” he said, “but the good news here for the shareholders and any future shareholders is that there’s so much margin in this project that we can absolutely absorb that and we’re going to generate very strong returns.” Among the project’s other attributes is that it is situated on private land, which means the company only needs to deal with state and county permits to put it back into production. “There are no federal regulators involved, so at the end of the day we’re only dealing with state and municipal authorities. And then once you make your application with the regulators ... there is a defined 180-day period, which includes a 30-day public consultation period within that six-month window, whereby the regulator must give you a response to your application. We already have some significant permits in place and the others will be applied for next year.” The project also has a permit approved to take water for the next fifty years and at a rate of 3,600-acre feet per year. “Essentially our permit alone is three times greater than our actual water requirement,” said Ogilvie, adding that the other good news is that there’s a very strong aquifer that makes water all year round about

Arizona Sonoran Copper president and CEO George Ogilvie

2,000 feet below surface or about 1,000 feet below the existing pit, and therefore the project doesn’t need to tap the Colorado River. “We know that because we have wells into it,” he said of the aquifer, “and we take readings.” The aquifer is only permitted for industrial use because it contains some minerals and metals, such as selenium and chromium are two that are above certain thresholds, which means that the water is not fit for livestock or farming purposes.” In addition, there is a 115-megawatt power line with excess capacity that runs right through the property. And about 50% of the power on that line today comes from renewable energy sources, nuclear and solar panel farms, which are abundant in Arizona given the sunshine. The company is also evaluating building its own 8-10 megawatt solar panel farm. “If ultimately we decide to put that in, 100% of our energy or electrification at site will actually be from renewable energy sources,” he said. As for copper, the metal is “absolutely going to be fundamental to the whole renewable energy thesis and there just isn’t enough copper supply,” he said. “And I think that demand is actually going to rise exponentially here in the coming decades and that means assets such as the Cactus mine are going to become extremely valuable as we go forward here for sure.” In terms of exploration potential, Ogilvie noted there is a four km mineralized trend extending out on either side of the Cactus project. “As we drill around the periphery of the open pit we’re finding mineralization that previously would have been classified as waste, and if you think about that, it makes sense because back in the 70s and 80s, as I’ve already mentioned, the oxide material to Asarco would have been classified as waste. I think that’s going

to help us eventually expand the pit and get access to some of that additional billion pounds of excess leachable copper that remains in the pit beyond this current PEA.” Beyond that, Arizona Sonoran also owns 100% of the nearby Parks/ Salyer property, about 2 km to the southwest of the main Cactus pit. Asarco drilled two holes there in the early 1980s and Arizona Sonoran also drilled two earlier this year. “All four holes have gone through the same massive copper porphyry system so we see intersections of three to four hundred metres,” Ogilvie said. “We see the copper oxide cap enriched material, and the primary chalcopyrite material. And of course our action plan now is to begin exploring there.” The company plans to have its first rig turning there in the fourth week of November and start releasing results next year while it completes the relatively mundane technical reports at Cactus, Ogilvie said. Arizona Sonoran intends to release a bankable feasibility before the end of 2022 on Cactus and a first resource estimate for Parks/Salyer. “I would not have joined this company if I wasn’t 110% confident that this is going into production,” said Ogilvie, who most recently sold Battle North Gold and its Bateman gold project to Australia’s Evolution Mining (ASX: EVN) for US$343 million in May. (His other success stories include optimizing the Macassa mine and acquiring St. Andrews Goldfields while president and CEO of Kirkland Lake Gold.) Arizona Sonoran IPO’ed on November 16 at $2.45 per share and at presstime was trading at $2.20 per share on the Toronto Stock Exchange. Tembo Capital, a private equity firm in London, has about invested US$30 million in the project and has a 38% equity stake. TNM

near the Hinge and Limb zones and discovered a new, high-grade gold zone west of those targets,” said Taylor. Taylor added the discovery comprises high-grade gold in silica-sulphide replacement alteration at the sub-vertical planar contact between two basalt flows and is most similar to the Dixie Limb zone in style. “The new Midwest zone closely resembles the style of gold mineralization observed at the Dixie Limb zone. Both occur at the sheet-like contacts between different basalt units and consist of silica-sulphide replacement style mineralization including high-grade gold,” said Taylor. Taylor said Great Bear will return to the Midwest zone soon to re-enter and extend previously drilled holes into the Midwest area, as well as drilling other new, untested basalt contacts. Analysts were generally bullish on the discovery announcement. Canaccord Genuity Capital Markets analyst Kevin MacKenzie said that while the discovery was still at a very early stage, “the Midwest zone not only provides a target for future resource growth but also highlights the potential to uncover additional centres of sulphide replacement style of mineralization within the property.” “To that end, Great Bear highlights geophysical targets southwest of the LP Fault zone, which may represent additional prospective basaltbasalt contacts,” said MacKenzie in a November 24 research note. BMO Capital Markets analyst Andrew Mikitchook also noted the Midwest zone as unlocking new drill targets based on the geological similarities between the Hinge and Limb zones. “The Midwest zone, like the Limb zone, features gold mineralization within basalt-basalt contacts that were previously thought to be only gold-bearing at the Limb zone; the Midwest discovery indicates that other similar contact zones may be gold-bearing, and opens up new drill targets for GBR to pursue,” he

said in a November 24 research note. Meanwhile, ongoing drilling of the LP Fault zone continues to return significant gold intervals at depths ranging from bedrock surface to over 600 vertical metres. Current holes have targeted the zone at various points along 2.9 kilometres of strike at the LP Fault zone. Along with announcing the Midwest discovery, Great Bear also released further results from LP Fault drilling, including 66.3 grams gold per tonne over 0.5 metres from 407.3 metres depth. This was within a broader interval assaying 6.15 grams gold per tonne over 7.2 metres from 406.8 metres depth. In the previous drilling, shallow LP Fault drill holes were also completed to in-fill drill gaps of up to 100 metres. Highlights included 0.59 gram gold per tonne over 65.7 metres from 28.5 metres to 94.2 metres downhole. Another hole returned 32.4 grams gold per tonne over 0.5 metres from 72.1 metres downhole, within a broader interval assaying 1.62 grams gold per tonne over 11.2 metres from 66.7 metres depth, said Taylor. The Dixie project comprises more than 91.4 square kilometres of contiguous claims that extend over 22 kilometres. It has ready access to a paved highway and provincial power and natural gas lines. Moving forward, Great Bear has started work on a new grid-based drill program on 25 to 100-metre centres in the Hinge, Limb, and Midwest zones, the results of which will support a maiden resource estimate for these zones in the second half of 2022. LP Fault zone infill and extensional drilling remain ongoing. The drill grid will cover an area of about 400 metres in strike by 600 metres vertically. A maiden resource estimate for this zone is expected in the first quarter of 2022, followed by a preliminary economic assessment. News of the discovery failed to excite the market materially, and Great Bear’s Toronto-quoted equity was at press time trading down nearly 3% at $20.82 per share. It has a market capitalization of $1.20 billion. TNM

The Hinge Zone discovery holes. Great Bear managed to hit the high-grade mineralization where previous operators could not. THE NORTHERN MINER/HENRY LAZENBY

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6–19, 2021

JOINT VENTURE ARTICLE

Stratabound Minerals aims to transition from explorer to producer following Fremont acquisition

BY NORTHERN MINER STAFF

Stratabound Minerals (TSXV: SB; US-OTC: SBMIF) is a precious and base metals exploration and development company with a portfolio of projects in North America. The Toronto-headquartered junior owns properties in several worldclass mining jurisdictions, including California, Yukon Territory, Ontario, and New Brunswick. Stratabound is focused on advancing its recently acquired 100%-owned Fremont gold project in California’s Mariposa County, about 260 km east of San Francisco. The 1,356-hectare property covers four km of a mineralised trend along the 200-km-long prolific Mother Lode gold belt, which hosts several significant gold deposits. These include Sutter Gold Mining’s Lincoln gold mine, about 140 km northwest of Fremont, and the Long Valley gold project, owned by Kore Mining (TSXV: KORE: US-OTC: KOREF), approximately 260 km to the east. Kim Tyler, Stratabound’s president and CEO, says that its acquisition of Fremont “will allow us to transition from an early-stage gold exploration company to a potentially near-term gold producer and complements our existing pipeline of early and midexploration stage gold and copper projects.” He said the company “plans to turn Fremont into a producing mine within two years by first initiating a smallscale ‘starter’ operation that will support the ramp-up to a full-scale operation and will provide a powerful catalyst of growth for our shareholders.”

According to Tyler, this approach “allows for lower capital, social, regulatory, and environmental risks when compared to conventional high-risk ‘go-big-or-go-home’ mine development projects.” Stratabound acquired Fremont in August through the acquisition of California Gold Mining. The brownfield project hosts the historic Pine Tree-Josephine mines. The two former producing mines were connected at depth and have two shafts, multiple adits, and extensive underground workings extending over 800 metres. Between the 1850s and 1994, the mines produced a combined 126,000 gold ounces from 540,000 tonnes of ore grading eight grams gold per tonne. Fremont “has significant upside exploration potential, especially along strike and down dip continuation of the existing mineralisation,” Tyler said. “It also has access to excellent infrastructure, with Highway 49 transecting the property, an electric substation on-site, and has a private well on-site and access to the nearby Merced River, providing good access to water.” An updated mineral resource estimate for Fremont in October estimated 10.24 million indicated tonnes grading 1.6 grams gold per tonne for 526,000 oz. contained gold and inferred resources of 10.92 million tonnes of 1.29 grams gold per tonne for 452,000 gold ounces. The estimate was based on drill results from 162 drill holes (25,970 metres) on the Pine Tree-Josephine deposit in the centre of the property. Mineralization at the property occurs

View of the Fremont gold project showing offices, core sample storage, electrical sub-station, and Highway 49. STRABOUND MINERALS

The Fremont Pine Tree Josephine deposit showing exposed quartz vein of Josephine within red oxide zone. STRABOUND MINERALS

950 metres along strike and 350 metres to depth. It remains open along strike and at depth. “While the historic high-grade underground mining extended to at least twice this depth, it remains unevaluated and is not included in the current resource estimate,” said Tyler, adding that additional unevaluated mineralisation also occurs at the Queen Specimen and Chicken Gulch zones and several target areas extending over four km of strike on either side of the Pine Tree-Josephine deposit. The Queen Specimen zone was discovered following the first exploratory drill program on the property in 2016 and comprised 10,000 metres of resource drilling

completed in 2018. Highlights included drillhole DD-16-052, which intersected 15.8 metres grading 2.2 grams gold per tonne from 100 metres downhole, including 9.1 metres of 3.73 grams gold, and hole DD-18-015, which returned 14.9 metres of 4.67 grams gold from 108.5 metres, including 1.8 metres of 22.91 grams gold. Stratabound is compiling historic hard copy data into digital format and undertaking environmental studies on Fremont, which is expected to take up to two years of seasonal data collection, said Tyler. “Our near-term focus will be to prepare the path for production by initiating baseline environmental data collection, engaging the local

communities and regulatory authorities, and initiating long-lead items required for permitting, as well as refining our in-house mine plan in preparation for a future preliminary economic assessment,” he said. Next year, the company plans to start definition drilling on a start-up pit, which is slated for the second quarter, and release an updated resource estimate in the third quarter. It also plans to release a preliminary economic assessment in the first quarter of 2023. Stratabound’s other properties include the Golden Culvert gold project in southeast Yukon Territory, approximately 200 km north of Watson Lake, and the Dingman gold project in Ontario, 175 km northeast of Toronto. It also owns two properties in New Brunswick — the McIntyre Brook gold project, about 100 km west of Bathurst, and the Bathurst camp properties, including the Captain copper-cobalt-gold deposit, the Taylor Brook lead-zincsilver-copper deposit, and CNE leadzinc-silver per project situated in the heart of the renowned Bathurst Mining Camp, approximately 35 km southwest of Bathurst.

The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by STRATABOUND MINERALS and produced in cooperation with The Northern Miner. Visit www.stratabound.ca for more information.

DECEMBER 6–19, 2021 / THE NORTHERN MINER

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EXPLORATION PROJECTS TO WATCH EIGHT COMPANIES ON THE LOOK OUT FOR NEW DEPOSITS BY MARILYN SCALES

Polymet’s Northmet project, 10 km south of Babbitt in Minnesota. POLYMET MINING

Mining companies are scouring the globe to find new deposits and future mines. Here’s a list of eight companies hunting for base and precious metals around the world. n AURION RESOURCES Aurion Resources (TSXV: AU; US-OTC: AIRRF) has been focused on gold exploration in Finland since 2014. The company holds about 90,000 hectares in the Central Lapland Greenstone Belt, which is home to Agnico Eagle Mines’ Kittila gold mine and Boliden’s Kevista nickel-copper-cobalt mine, Rupert Resources’ Ikkari gold deposit, and Anglo American’s Sakatti nickel-copper-platinum group metal (PGM) deposit. Aurion’s flagship properties are the wholly owned Risti and Launi projects that occur along the 125km long Sirkka Shear zone, about 900 km north of Helsinki. The company has made multiple gold discoveries at Risti and recently announced the discovery of new goldbearing zones at Launi East. The company has had success drilling near-surface gold mineralization at the Aamurusko targets at Risti. Highlights from drilling the Aamurusko Main zone have included 2.9 metres grading 789.06 grams gold per tonne (including 0.7 metre of 3,510 grams gold per tonne); 4 metres at 42.28 grams gold per tonne; 4.8 metres at 24.5 grams gold; and 3.5 metres at 22.63 grams gold. The Gap zone returned 3.1 metres grading 4.54 grams gold; 7.8 metres of 1.69 grams gold; 3.5 metres at 1.55 grams gold; and 3.4 metres at 1.51 grams gold. The Aamurusko Northwest zone returned 28.22 metres grading 9.42 grams gold; 11.1 metres at 23.41 grams gold; and 19 metres at 6.84 grams gold. All three zones at Risiti — Aamurusko Main, the Gap zone and Aamurusko Northwest zones — are open at depth. And the mineralization is open along strike in both directions.

The first exploration at the Launi East block, abutting the Risti project to the south, was done in 2019. It has not been drilled as heavily as Risti, but highlights have included 63.9 grams gold per tonne over 0.37 metre and 3.06 grams gold per tonne over 5.3 metres. The Launi West block, about 10 km from the Launi East block, has yet to be tested. Aurion says the regional potential at Risti and Launi is extensive, as there are tens of kilometres of prospective structural trends yet to be explored. Gold in till anomalies have been encountered within volcanic, sedimentary and intrusion related geological settings. Aurion also has a joint venture in Finland with B2Gold, which is earning a 75% interest in the project. The property covers almost 290 sq. km and includes the Kutuvuoma and Ahvenjarvi prospects. B2Gold has spent $10 million over two years and now holds 70% of the joint venture. A new discovery was recently made by the joint venture at Kutuvuoma East, called the Kutuvuoma-Ikkari discovery. This prospect is located in the same geologic sequence as Rupert Resources’ 3.95 million oz. Ikkari discovery, 1.5 km to the east. Drilling returned 21.2 metres grading 1.84 grams gold per

tonne, including 21.2 metres of 2.61 grams gold and 10.3 metres of 2.42 grams gold from hole IKK21003. Hole IKK21002 returned 30.6 metres grading 1.42 grams gold, including 6.5 metres at 2.94 grams gold. Earlier this month, Aurion granted Kinross Gold an option on its Silaskaira project, about 30 km northwest of Agnico Eagle’s Kitilla mine. Kinross can earn a 70% interest by paying Aurion $100,000 and spending US$5 million at the property over the next five years. Aurion Resources has a market capitalization of $114 million. n BLACKROCK SILVER Blackrock Silver (TSXV: BRC; USOTC: BKRRF) is exploring two 100% controlled land packages in the U.S. state of Nevada: Tonopah West near the town of the same name in the southwest part of the state and Silver Cloud near the city of Elko. The Tonopah silver district is the second largest (behind only the Comstock Lode) in Nevada. From 1900 to 1950, grades in the region averaged 1,384 grams silver per tonne and 16 grams gold per tonne, leading to production of 174 million oz. of silver. Blackrock’s Tonopah West land

package is the largest in the district, covering 25.5 sq. kilometres. There are multiple veins that were mined within, including the Victor vein, which was 24 metres thick when production stopped in 1928. Blackrock’s project area also contains at least ten veins on the property. This year the company has deployed four rigs and drilled 84,000 metres so far with the goal of delivering an initial resource estimate on the Denver-Paymaster-Bermuda (DPB) target by early 2022. In October, drilling at the Bermuda vein returned 2.1 metres grading 1,120 grams silver per tonne and 9.07 grams gold per tonne (2,027 grams silver-equivalent per tonne), including 0.9 metre grading 2,994 grams silver and 20.85 grams gold (5,080 grams silver-equivalent per tonne). The Merten vein returned 1.5 metres grading 492 grams silver and 6.5 grams gold (1,242 grams silver-equivalent), including 0.7 metre at 445 grams silver and 5.6 grams gold (1,006 grams silverequivalent). Multiple intersections were also cut in the Mule and Paymaster veins, with Mule returning 0.7 metre of 445 grams silver and 4.61 grams gold (1,006 grams silver-equivalent).

A resource estimate for Tonapah West is due in early 2022. Blackrock is proposing to establish a portal on the west side of Brougher Mountain and drive a 2.5 km long decline to provide underground exploration platforms for additional drilling. The design of the decline will be refined once the resource estimate is done, and the entry could later be used during production. The company will rehabilitate surface roads, drill pads and sumps by the end of next year. The company drilled its other project, the 45 sq. km Silver Cloud property in Elko County, earlier this year, but has not spent as much time on the project as it has on its Tonopah West project. One of the better holes at the Northwest Canyon target at Silver Cloud returned 4.6 metres grading 4.32 grams silver per tonne and 0.334 gram gold per tonne. The Quiver target was also drilled, and the best intersection was 15.2 metres grading 0.795 gram silver and 0.222 gram gold. Blackrock Silver has a market cap of $152 million. n COPPER MOUNTAIN MINING Copper Mountain Mining (TSX: CMMC; US-OTC: CPPMF; ASX: C6C) owns 75% of the Copper Mountain copper-gold-silver mine in British Columbia, 20 km from the town of Princeton. Mitsubishi Materials owns the remaining 25% interest. The mine started commercial production in 2011 and last year produced 77.5 million lb. of copper, 29,227 oz. of gold and 392,494 oz. of silver. Copper Mountain has a goal of tripling its copper output over 2020 levels within the next five years. The concentrator in British Columbia has been expanded to 45,000 tonnes per day, and it has further potential to reach 65,000 tonnes per day. Exploration at the North pit and the New Ingerbelle project, about 1 km from the mine, would provide the feed. The New Ingerbelle deposit would nearly double the life of the Copper Mountain mine. A new life of mine plan with updated mineral resources is planned for the second quarter 2022. The company also owns 100% of the Eva and Cameron projects in Queensland, Australia. The advanced stage Eva copper project is 40 km north of the Cameron property. A 2020 feasibility study proposed an open pit

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SPECIAL FOCUS EXPLORATION PROJECTS TO WATCH

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6–19, 2021

Loading copper concentrate at First Quantum’s Cobre Panama mine. FIRST QUANTUM MINERALS

EXPLORATION PROJECTS TO WATCH from 10

mine and mill with a life of 12 years that would produce 99.2 million lb. of copper and 13,500 oz. of gold in concentrates annually. If construction gets the green light, the project could be in production in 18 months. The Eva deposit has measured and indicated resources of 250.7 million tonnes grading 0.42% copper and 0.04 gram gold per tonne for 2.4 billion lb. of copper and

330,000 oz. of gold. The inferred resource is 46.3 million tonnes at 0.42% copper and 0.04 gram gold for 415 million lb. of copper and 51,000 oz. of gold. The Cameron copper project, 30 km south of Eva, covers 2,100 sq. km within the Mount Isa Inlier region. The company completed 6,000 meters of reverse circulation drilling and 1,200 metres of diamond drilling this year and will continue the program next year. Three targets at the Cameron project have been drilled with the

C6 target returning 136 metres grading 0.37% copper and 0.37 gram gold per tonne. The best result from the C1 target was 84 metres at 0.56% copper and 0.97 gram gold. The C2 target returned 123 metres at 0.24% copper and 0.01 gram gold. Copper Mountain Mining has a market capitalization of $725 million. FIRST QUANTUM MINERALS First Quantum Minerals (TSX: FM) has three advanced exploran

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tion projects: the Haquira coppermolybdenum project in Peru, the Taca Taca copper-molybdenumgold project in Argentina, and the Enterprise nickel project in Zambia. The company owns 100% of the Haquira project, 75 km southwest of Cuzco, through its acquisition of Antares Minerals in 2010. Haquira’s measured and indicated resources total 569 million tonnes grading 0.56% copper and inferred resources add 406 million tonnes grading 0.52% copper. The Taca Taca project is also 100% owned and was acquired through a subsidiary of Lumina Copper in 2014. According to the company, the porphyry deposit is suitable for conventional, largescale open pit mining and processing in a SAG-ball mill with pebble crushing, regrinding and flotation. First Quantum is working on power, water supply, freight, and product transportation logistics. An updated resource estimate completed in March 2021 for Taca Taca outlined 2.2 billion measured and indicated tonnes grading 0.43% copper, 0.09 gram gold per tonne and 0.012% molybdenum for contained metal of 20.9 billion lb. of copper, 283.2 million lb. of molybdenum and 6.1 million oz. of gold. The inferred resource is 716.9 million tonnes grading 0.31% copper, 0.009% molybdenum and 0.05 gram gold for contained metal of 4.85 billion lb. cop-

per; 65,000 tonnes of molybdenum and 1.2 million oz. of gold. Within the resources are proven and probable reserves of 1.8 billion tonnes grading 0.44% copper, 0.012% molybdenum and 0.09 gram gold per tonne. In Zambia, the Enterprise project has a stand-alone orebody that will share operations and infrastructure with First Quantum’s Sentinel mine, about 12 km away. The project is permitted and a production decision is due by the end of the year. Resources at Enterprise consist of both primary and non-primary sulphide mineralization. There are measured and indicated resources of 37.7 million tonnes grading 1.03% nickel plus an inferred resource of 9.3 million tonnes at 0.71% nickel. Within the resource and at the end of 2020, proven and probable reserves totalled 37.7 million tonnes grading 0.93% nickel in primary ore and 0.44% nickel in non-primary ore. First Quantum ranks among the world’s top ten copper producers and churned out 778,911 tonnes of the red metal in 2020. It has eight operating mines: Kansanshi and Sentinel in Zambia, Cobre Panama in Panama, Ravensthorpe in Australia, Cayeli in Turkey, Cobre Las Cruces in Spain, Pyhasalmi in Finland, and Guelb Moghrein in Mauritania. First Quantum Minerals has a market cap of $18.8 billion. n OROCOBRE Orocobre (TSX: ORL; ASX: ORE) is the 100% owner of the Cauchari lithium-potash salar project in Argentina, and the part owner of the Olaroz lithium plant. The Olaroz project is owned 66.5% by Orocobre, 25% by Toyota Tsusho, and 8.5% by the provincial government. The first stage of the Olaroz brine operation went into production in early 2015. Last year it produced 12,600 tonnes of lithium carbonate. Stage two construction is underway as is work in the Naraha plant in Japan (75% Orocobre) to convert lithium carbonate into battery-grade lithium hydroxide. In 2016, Orocobre divested several of its lithium brine exploration projects, including Cauchari, to Advantage Lithium, giving Orocobre a 34.7% stake in Advantage. The two companies created a joint venture (75% Advantage and 25% Orocobre) to develop the Cauchari project, estimated to

See EXPLORATION PROJECTS TO WATCH / 12

DECEMBER 6–19, 2021 / THE NORTHERN MINER

SPECIAL FOCUS EXPLORATION PROJECTS TO WATCH

ners to advance ten other 100%owned projects in Ecuador across 20 concessions. The company also holds tenements through subsidiaries across central and southeast Queensland in Australia — Normanby, Rannes, Mount Perry, and Cracow West. At all of these properties, SolGold maintains its focus on porphyry copper-gold and epithermal goldsilver occurrences. The company also holds prospecting licences for the Kuma and Mbetilonga tenements in the Solomon Island. SolGold has a market cap of $977 million.

EXPLORATION PROJECTS TO WATCH from 11

contain 4.8 million measured and indicated tonnes of lithium carbonate-equivalent (LCE) and 1.5 million inferred tonnes of lithium carbonate equivalent. The measured and indicated brine resource is 31 sq. km with a lithium grade of 29 grams per cubic metre and the potassium grade is 255 grams per cubic metre. There are 900,000 tonnes of lithium and 7.8 million tonnes of potassium in that portion of the brine. There is also an inferred brine resource of 11 cubic kilometres with a lithium grade of 27 grams per cubic metre and a potassium grade of 225 grams per cubic metre for 290,000 tonnes of lithium and 2.4 million tonnes of potassium. In 2020, Orocobre acquired all of the outstanding Advantage shares it did not already own. Advantage now manages lithium exploration activities for Orocobre as a subsidiary. Orocobre says Advantage has the potential to fast track exploration and development at Cauchari. The chemistry at Cauchari is similar to that of the Olaroz deposit, 25 km to the north, and the two brines could be processed together. Cauchari eventually could yield 25,000 tonnes of lithium carbonate a year, according to a prefeasibility study completed in 2019. In 2012, Orocobre acquired Borax Argentina, in Salta province, also in the northern part of the country. It has produced borates for over 50 years. The company operates the Tincalayu, Porvenir and Sijes mines, producing borax pentahydrate and hydroboracite. Orocobre has a market cap of $5.3 billion. n POLYMET MINING PolyMet Mining (TSX: POM; NYSE: PLM) owns 100% of the NorthMet polymetallic property, 10 km south of Babbitt in Minnesota, and the Erie processing plant, 12 km to the west at Hoyt Lakes. The company hopes to become the first to commercially mine a nickel-copper orebody in the Duluth Complex, located within Minnesota’s Mesabi Iron Range. The plan is to build an open pit mining operation and use the existing processing plant. All the key permits are in place, although some have been challenged in court. People opposed to the mine have challenged each of the permits that have been issued. The state’s top

Copper Mountain Mining’s namesake copper mine in British Columbia. COPPER MOUNTAIN MINING

court also ordered the Minnesota Department of Natural Resources to hold a new public hearing regarding the tailings facility. In the meantime, PolyMet continues engineering and optimization for the project. The most recent 43-101 technical report is dated March 2018. It foresees a two-phase project. First it involves an open pit mine producing 29,000 tonnes of mineralized material per day over a 20-year life. The copper-nickel ore would be processed at the existing Erie taconite plant. The second phase would involve the addition of a hydrometallurgical plant to upgrade nickel sulphide concentrate into nickel-cobalt hydroxide and recover additional copper and platinum group metals (PGMs). The report also examined potential expansion scenarios to 45,000 tonnes per day and 107,000 tonnes per day. The pre-production capital requirement for phase one would be US$945 million. The payback period would be 7.5 years. Construction of Phase two, which would begin in the second year of operations, would bring the capex up to US$1.2 billion. After taxes, the first phase of the NorthMet project has a net present value at a 7% discount rate of US$173 million and an internal rate of return of 9.6%. The base case for both phases assumes metal prices of US$3.22 per lb. copper, US$7.95 per lb. nickel and US$20.68 per lb. cobalt. In 2018 the resources were listed as 588.9 million measured and indicated tonnes grading 0.25% nickel, 0.27% copper and 0.007% cobalt (undiluted) plus 461.6 million inferred tonnes grading 0.07% nickel, 0.024% copper and 0.007% cobalt (undiluted). Proven and probable reserves within the planned pit

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contain 231 million tonnes at 0.8% nickel, 0.29% copper and 0.007% cobalt. PolyMet Mining has a market capitalization of $309 million. n SOLGOLD SolGold (TSX: SOLG; US-OTC: SLGGF) is the operator and 85% owner of the Cascabel copper-gold project, 180 km north of Quito in Ecuador. Cornerstone Capital owns the other 15%. The project lies in an under-explored section of the Andean Copper Belt, which produces nearly half the world’s copper. Highlights from drilling the Alpala porphyry deposit at Cascabel have included 1,560 metres grading 0.59% copper and 0.43 gram gold per tonne, including 1,044 metres of 0.74% copper and 0.54 gram gold. SolGold completed a preliminary economic assessment on the Cascabel project in 2020 and updated it in January 2021. According to the study, the Alpala deposit contains measured and indicated resources of 2.7 billion tonnes grading 0.37% copper, 0.25 gram gold per tonne and 1.08 grams silver per tonne (0.53% copper-equivalent) for 21.8 million lb. copper, 1.9 million oz. gold, and 92.2 million oz. silver. The inferred resource is 544,000 tonnes grading 0.24% copper, 0.11 gram gold, and 0.61 gram silver (0.31% copper-equivalent) for 2.9 million lb. copper, 1.9 million oz. gold and 10.5 million oz. silver.

Is your mine design based on sound geology? .com

Within the measured and indicated resource there is a high-grade core of 442 million tonnes grading 0.87% copper, 0.86 gram gold per tonne, and 2.34 parts per million silver (1.4% copper-equivalent) for 8.4 billion lb. copper, 12.3 million oz. gold and 33.3 million oz. silver. Metallurgical testing has included grinding, flotation and leaching trials. Key to the economic viability of the project is gold recovery. Using leaching well tests, recovery was 92.3%, but that rose to 98.1% when using an Albion process (oxidative leaching at atmospheric pressure). No economic analysis has been done yet for the Alpala deposit. In addition to Cascabel, SolGold is exploring its Rio Amarillo project, 35 km southeast of the Alpala deposit in a porphyry belt. Drilling began in August, across a 12-kmlong by 3-km-wide area and to a depth of 1,500 metres.. Gold was visible in the first hole. The best drill result, as of November 24, was 72 metres grading 2.16 grams gold per tonne, including 24 metres of 5.77 grams gold. In the southern part of Ecuador, SolGold is working on the Porvenir, Sharug and Cisne Loja porphyry projects. The company is working on an initial resource estimate for Porvenir, which will be based on results of drilling a mineralized corridor over 1,700 by 1,000 metres. SolGold says it is seeking part-

n WHITE GOLD White Gold (TSXV: WGO; USOTC: WHGOF) has the advancedstage Golden Saddle, Arc and VG deposits along with five discovery-stage projects and over two dozen early-stage properties across a 420,000 hectare landholding in the Yukon, about 95 km south of Dawson City. The company’s successful exploration efforts at its 100%-owned projects have attracted key equity investors Kinross Gold and Agnico Eagle Mines, each of which at presstime holds about 17% of the company. Institutions under the Eric Sprott umbrella have a 43% interest in the company. The first deposits White Gold discovered were Golden Saddle and the adjacent Arc deposit. Together they have an indicated resource of 15.6 million tonnes grading 2.28 grams gold per tonne for 1.1 million ounces. The inferred resource is 9 million tonnes grading 1.39 grams gold per tonne for 402,100 ounces. The company’s VG deposit is 11 km north of Golden Saddle and has an inferred resource of 5.3 million tonnes grading 1.62 grams gold per tonne for 267,600 oz. of gold. All three of the deposits are open along strike and at depth. White Gold was incorporated in 2016, and in the past five years has drilled several new discoveries in the region. Ryan’s Surprise, 2 km west of the Golden Saddle deposit, returned 6 metres grading 20.64 grams gold per tonne and 13.2 metres grading 5.02 grams gold, including 4.6 metres at 9.25 gram gold per tonne. The road-accessible Titan property is 25 km northeast of the Golden Saddle deposit. The best grab sample was 605 grams gold per tonne. One drill hole returned 32 metres grading 14.82 grams gold per tonne, including 6.09 metres at 72.91 grams gold, including 3.05 metres at 136.36 grams gold per tonne. Another cut 1.52 metres grading 2.44 grams gold. The Vertigo discovery is about 25 km northeast of the Golden Saddle deposit and rotary air blast (RAB) drilling has been employed there. Hole 16 returned 9.14 metres grading 9.2 grams gold per tonne, including 4.57 metres at 17.2 grams gold, including 1.5 metres at 31 grams gold, and the hole ended in mineralization. Highlights from the Betty Ford target, roughly 90 km southeast of Golden Saddle and adjacent to Newmont’s Coffee deposit, have included 50.3 metres grading 1.08 grams gold per tonne, including 9.4 metres at 2.24 grams gold. The top 25.9 metres of the hole showed oxidized mineralization and additional shallow mineralization was also encountered in other holes along trend, according to White Gold. The GS West (Golden Saddle West) target is a new shallow zone of gold mineralization 750 metres west of the Golden Saddle deposit. Geologists used a revised geological model based on the results of DIGHEM, IP-resistivity and historic drilling. The best intersection was 0.75 metre grading 3.99 grams gold per tonne. White Gold has a market capitalization of $96 million. TNM

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THE NORTHERN MINER / DECEMBER 6–19, 2021

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SPECIAL FOCUS

DIAMONDS IN CANADA

The diamond market ‘is the strongest it’s been in ten years,’ diamond expert says ANALYSIS

| New supply may be needed by 2030

BY ALISHA HIYATE EDITOR-IN-CHIEF OF DIAMONDS IN CANADA

A The Diavik diamond mine in Canada’s Northwest Territories. DIAVIK DIAMOND MINES

Rio Tinto now the sole owner of the Diavik diamond mine | Company acquires remaining 40% share from Dominion Diamond Mines NWT

fter a brutal 2020 that saw diamond production and sales curbed globally, with production declining more than 20% to around 107 million carats, the diamond market has bounced back strongly in 2021. Paul Zimnisky, an independent diamond industry analyst, explains what’s happened in the market, why new supply may be needed by the beginning of the next decade, and the importance of traceability initiatives in the sector.

ALISHA HIYATE: The last year and a half has been a real rollercoaster for the diamond sector. Can you catch us up quickly on the effect that the pandemic has had on the diamond sector and where we are right now with the market? n

PAUL ZIMNISKY: Just to briefly summarize, the middle to the end of last decade I would say was relatively underwhelming for the diamond industry. I think a lot of that had to do with the market being oversupplied. However, in late 2019 going into early 2020, the market really began to show signs of recovering. Then the pandemic hit. But the pandemic has actually accelerated the recovery that started in late 2019. According to my rough diamond price index, prices are up some 20% this year. Based on everything I’m seeing going on in the industry, I would say the diamond market is the strongest it’s been in ten years and it’s being driven by real consumer demand, which is what you want to see. n

BY CECILIA JAMASMIE

io Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is now the sole owner of the iconic Diavik diamond mine in Canada’s Northwest Territories after buying the 40% share held by Dominion Diamond Mines, despite previously saying it had no plans to take full control of the aging Arctic mine. The deal gives Rio Tinto all remaining Diavik assets held by Dominion, including unsold production and cash collateral held as security for the mine’s future closure costs. In return, the world’s second-largest miner has released Dominion and its lenders from all outstanding liabilities and obligations to fund the operations or closure of the joint venture. The transaction comes after a 19-month process triggered in April 2020 by Dominion Diamond Mines filing for insolvency protection under the Canadian Companies’ Creditors Arrangement Act. Dominion, which was purchased by The Washington Companies in 2017 for US$1.2 billion, was once the world’s fourth-largest diamond producer. Its financial troubles — which played out in court over several months last year — ultimately

led it to sell in December 2020 its other Canadian mine, Ekati. “Diavik will now move forward with certainty to continue supplying customers with high quality, responsibly sourced Canadian diamonds,” Rio Tinto Minerals boss Sinead Kaufman said in a press release. Diavik, which faces closure by 2025 and will cost hundreds of millions of dollars to clean up, has been in production since 2003 and is Canada’s largest diamond mine. It yielded 6.2 million carats of rough diamonds in 2020. The diamond market came to a standstill at the height of the Covid19 pandemic, increasing worries that oversupply could hurt the sector for years. But surging purchases by intermediaries who cut, polish and trade stones has all but wiped-out miners’ stockpiles, even as Alrosa (MCX: ALRS) — the world’s top diamond miner by output — and its closest competitor, Anglo American’s (LSE: AAL; US-OTC: AAUK) De Beers, have hiked prices. Alrosa said in October it believed the industry had “fully recovered” from the effects of the pandemic, with sales of both roughs and diamond jewellery up this year about 23% compared to 2020 levels. TNM

The ice road to the Ekati and Diavik diamond mines in the Northwest Territories. DOMINION DIAMOND

I think that number [will] normalize, but it shows that consumers will buy diamonds online if they’re marketed the right way. AH: Can you talk to me a little bit about the traceability initiatives that have popped up in the diamond sector recently (such as De Beers’ Code of Origin or Tiffany & Co.’s geographical sourcing information) and why those are important? n

PZ: Being able to tell a consumer where the diamond originated alleviates any concern that it’s a conflict diamond or that it’s not a natural diamond. It also gives the consumer a story to tell their friends about the diamond. If you’re American and your spouse is Canadian and you have a Canadian diamond, that’s kind of a unique [story] for that couple, so there are a lot of benefits that come from being able to tell a consumer the source. This is something that the industry has been working on for years and it’s become more and more of a priority just in the last year or two. An early mover on this was Tiffany. It’s a vertically integrated company, so it’s maybe a little bit easier for them n

to do that for their customers. But Tiffany’s already been doing this for almost two years now — if you go into Tiffany, they can tell you where any diamond that’s 0.18 carat and larger came from. That’s a very important initiative for the industry and it’s starting to finally progress quite rapidly. n AH: As we enter into a recovery stage with the pandemic, we’ve seen some return to pre-pandemic demand levels or close to it. But what are the biggest risks to the diamond market at this point?

PZ: This is the first time in years that the market’s been fundamentally balanced, and again, this was in the works for years, it’s not just a result of the pandemic. That said, I think the key is to not make the same mistakes of the past. Don’t oversupply the market and don’t lose focus on the importance of marketing. De Beers just launched a new campaign with the tagline “I do.” The industry is getting back to its roots, which made it so successful in past decades, and a big part of that is proper marketing. n

See ZIMNISKY / 14

AH: The strongest in ten years — that’s pretty amazing. Just to go back to the pandemic a little bit, it was a huge disruptor for the industry and for every industry. Can you tell us a little bit about the innovations that have happened that were forced by the pandemic and how the diamond sector is in a better place now because of those innovations? n

PZ: For diamonds, the pandemic accelerated the return to more balance (in the market) and actually took that a step further. The market experienced supply deficits throughout some periods this year. In Russia, they actually had to borrow stocks from the government reserve, so that’s on the supply side. On the demand side, consumers bought diamonds because they weren’t spending money on travel and doing more experiential luxury spending. The pandemic also showed that consumers are willing to buy very high-end luxury items like diamonds over the internet. The largest luxury companies saw online sales increase to almost one-quarter to one-third of company wide sales in recent quarters. n

TSXV:NAR

Canada’s Most Active Diamond Explorer info@northarrowminerals.com Suite 960, 789 West Pender Street Vancouver, BC V6C 1H2 604.668.8355

northarrowminerals.com northarrowminerals @narminerals

DIAMONDS IN CANADA

DECEMBER 6–19, 2021 / THE NORTHERN MINER

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DIAMONDS SNAPSHOT SIX CANADIAN-LISTED DIAMOND COMPANIES POISED TO PROSPER AS THE MARKET RECOVERS BY ALISHA HIYATE EDITOR-IN-CHIEF OF DIAMONDS IN CANADA

Whether they’re producers, developers or explorers, Canadianlisted diamond companies are a tough lot. Those that have survived the disruptions of the pandemic — and the soft diamond market that preceded it — may be in an excellent position to capitalize on the diamond recovery and lower supply and recent closure of Rio Tinto’s Argyle mine in Australia. Here are six companies that are actively exploring or mining diamonds — at home and elsewhere. n ARCTIC STAR EXPLORATION Arctic Star Exploration (TSXV: ADD) has enjoyed exploration success in the Northwest Territories’ prolific Lac de Gras kimberlite field this year, discovering five kimberlites at the Diagras project. The project also hosts 23 kimberlites discovered by De Beers in the 1990s. Four of the five new kimberlites are diamond-bearing (the company did not sample the fifth, small dykelike intercept). The Sequoia kimberlite complex has been identified as the most promising in terms of diamond counts and dimensions. It has a geophysical signature up to 1,000 metres long and 300 metres wide. Caustic fusion results from the spring drilling program returned 499 diamonds from a 505.3-kg sample from Sequoia — or 99.8 stones per 100 kg. That compares with 20 or fewer stones per 100 kg in samples recovered from the other kimberlites. Arctic Star says the results, along with Sequoia’s diamond indicator chemistry, suggest the presence of large diamonds. Arctic Star is conducting a

ZIMNISKY From 13

In my opinion, proper marketing campaigns like this will move the needle. It’s a slower, gradual process, but the larger impact of good marketing should be felt for years or decades, and I think the industry is getting back to that level of commitment with marketing. n AH: You keep a close eye on the lab-created diamond segment of the market, which some people see as a threat to the natural diamond market. Are lab-created diamonds proving to be a threat, or do consumers understand them as separate products with different features and price points?

PZ: Larger fashion jewelry companies seem to be making a big move into the lab-diamond business, but not as much the fine jewelers. I think once the product matures, most will be sold as lower-priced fashion jewelry that does not compete as much n

fall airborne EM survey of the 483.5-sq.-km property, which it recently doubled in size through staking, and plans to conduct further diamond studies. Based on the results of the survey, it’s also planning a spring 2022 program that will include definition drilling at Sequoia to get an initial idea of its grade and tonnage potential. Diagras is a joint venture with Margaret Lake Resources (TSXV: DIA), which previously held 60% of the project. As part of a shift in focus away from diamonds, the junior has not contributed its share of funding for this year’s $2.1-million program and has been diluted to a holding of 18.5%. Once its stake is diluted below 10%, it will be converted to a gross overriding royalty (GOR) of 1%. Arctic Star holds several projects, including a 100% interest in the Timantti diamond project in Finland. n DIAMCOR MINING Diamcor Mining (TSXV: DMI) completed phase one upgrades to its Krone Endora project in South Africa in September. The work, including upgrades to the operation’s material handling and diamond concentration systems plus a new electronic diamond X-ray recovery unit, is aimed at doubling processing volumes at the project to provide revenue for a second, larger phase of upgrades. The upgrades had been delayed by the onset of the Covid19 pandemic and restarted in May this year. Now that it is complete, Diamcor plans to start its second phase shortly and finish up in mid2022. The upcoming work will see Diamcor consolidate its facilities to further increase throughput, reduce the project’s overall processing footprint and unit costs, and reduce environmental disturbance. The company also plans to conduct drilling and bulk sampling at prospective areas, starting late this year. In October, Diamcor completed its first sale of the quarter, with 2,516.91 carats sold for a total of US$483,422 or US$192 per carat. Two more tenders are planned for the fourth quarter. Krone-Endora is an eluvial deposit that was formed from a direct shift of material from De Beers’

with higher-priced natural diamonds. There will be some overlap, but I don’t think it’s nearly as great as some are making it out to be. Just looking at where we are today, natural diamond jewelry sales will be close to a record high this year and that’s as labdiamond supply continues to grow quite rapidly. The takeaway is that it’s not necessarily zero-sum. I think lab diamonds will take more market share away from other lower-priced jewelry, especially once the novelty wears off. A key to this whole thing is marketing. If the natural diamond industry doesn’t market its product properly, the risk of losing market share increases. But if the industry does drop the ball, there is perhaps greater risk that people just stop buying diamonds. Right now though, the natural diamond industry seems to be doing a lot right. n AH: You mentioned earlier that Alrosa had to borrow diamonds because the demand for diamonds had come back quite strongly and

Below: North Arrow’s Pit B sampling crew: Paul Leach (red cruiser vest with his back to the camera), Eddy Sivanertok, David Kadjuk, Roy Kopak (giving the peace sign), Kenneth Katokra, and John David Aggark (hooking up the bag). NICK THOMAS/NORTH ARROW MINERALS

Right: University of British Columbia researchers measuring the rate of carbon sequestration within processed kimberlite in 2019 at the Gahcho Kué diamond mine in the Northwest Territories. DE BEERS GROUP.

neighbouring Venetia mine. As such, it contains high-quality diamonds, but in variable, low-grade gravel material. Diamcor acquired the project in 2011 from De Beers. n LUCARA DIAMOND In September, Lucara Diamond (TSX: LUC) officially approved the US$534-million underground expansion of its Karowe diamond mine in Botswana. The approval came as Lucara closed the last piece of financing needed for the development — a US$170-million loan facility and a US$50-million working capital facility. The remainder of the development cost will be paid for by a combination of a previously closed $41.4-million equity financing and cash flow. The expansion, which will take about five years to complete, will extend Karowe’s mine life out to 2040.

the supply wasn’t quite there. Currently, the market is balanced, but do we need new supply going forward? PZ: Yes, looking longer term [new supply will be needed], and I think higher prices will drive new discoveries and new production. Right now, you’re seeing some mothballed mines being turned back on. But most of this production is not very significant and if you look at volumes of production, the industry will need greenfield projects that bring on, 2, 4, 6 million carats of new supply annually. There’s really only one project of size being developed right now, and it’s in northeast Angola and I’m actually going to visit in a few weeks, so next time we talk I’ll have to give you an update. But yes, in general the industry needs to be looking for new supply that will hit towards the end of this decade, early next decade. Speaking to Canada specifically, n

Work began on the underground expansion earlier this year with US$64.6 million already spent by the end of September. Lucara has benefited from a stronger diamond market in 2021. The diamond miner reported a 57% increase in revenue to US$72.7 million in its third quarter over the previous quarter. The average price

there are three larger projects that could be supplying the market by the end of the decade: the Star-Orion project in Saskatchewan; Naujaat in Nunavut and Chidliak also in Nunavut. Star is a Star Diamond (TSX: DIAM) and Rio Tinto (NYSE: RIO; LSE: RIO) joint venture project; Naujaat’s a North Arrow Minerals (TSXV: NAR) and Burgundy Diamond Mines (ASX: BDM) project (Burgundy Diamond is a newcomer to the industry that’s really taking an aggressive approach to growing its asset portfolio); and Chidliak, a De Beers project. n AH: The diamonds sector is a difficult place for small producers and we’ve seen that with some Canadian projects, with the Renard mine in Quebec and with Ekati and Dominion Diamond in the Northwest Territories. Do you think there’s room for smaller players in the diamond industry, or is this really just a game for De Beers and Alrosa, and to some extent Rio Tinto?

per carat sold was US$619 from 117,459 carats. A supply agreement the company struck with HB last year for the purchase of all special diamonds (10.8 carats and larger) from Karowe has also helped maintain revenue. The HB agreement, See DIAMONDS SNAPSHOT / 15

PZ: In general the role of smaller players works best when they make the discoveries and then they sell or partner with a major to finance and operate the mine. Lucara Diamond (TSX: LUC) is a good example of a small producer that’s been successful. They’re a sole asset producer with the Karowe mine in Botswana and it’s been a very profitable mine. The company was able to pay back all the money that it raised to build the mine within just a few years of commencing production. So I think as is the case with most of the mining industry, if you have an economic asset, you can be successful regardless of the size of the company. But economies of scale is certainly a thing, and the challenging thing with the diamond industry has been putting a portfolio of economic assets together because they’re so few and far between. TNM n

This interview has been edited for clarity.

GLOBAL MINING NEWS

DIAMONDS IN CANADA

THE NORTHERN MINER / DECEMBER 6–19, 2021

DIAMONDS SNAPSHOT From 14

which helped secure revenue for Lucara during the pandemic, has been extended for two years. In addition, Lucara’s Clara online sales platform continues to attract new buyers with 87 clients now using it. Lucara CEO Eira Thomas told Canadian Mining Journal last month that demand has now outstripped supply on the platform. The company is in talks with other diamond producers to add supply. Karowe is expected to produce between 350,000 and 390,000 carats this year, generating revenue of US$195-210 million. Lucara is projecting 2022 production at 300,000 to 340,000 carats for revenue of US$185-215 million (not including revenue from exceptional large diamonds). n MOUNTAIN PROVINCE DIAMOND Mountain Province Diamond (TSX: MPVD) reported its second-best quarterly revenue ever in the third quarter, with diamond sales of 1 million carats bringing in $94.2 million (US$74.1 million). Value per carat was $92 (US$72), up from $50 per carat (US$37 per carat) in last year’s third quarter. On a like-for-like basis, Mountain Province says its sales prices are now about 47% higher than its pre-Covid benchmark of February 2020. The company owns a 49% interest in the Gahcho Kué mine in the Northwest Territories, operated by 51% owner De Beers. The mine, which produced 4.7 million carats for the first three quarters of the year, is on track to meet its full-year production guidance of between 6.3 and 6.5 million carats. The operation was shut down for 22 days in the first quarter in response to a Covid-19 outbreak. Mountain Province appointed Mark Wall as its new president and CEO in November after Stuart Brown left the post by “mutual decision” in October. Brown had been at the helm for three years. Wall was most recently CEO of Streamers Gold Mining, a subsidiary of Shandong Gold Mining, and previously also held senior positions with Nevada Copper and Barrick Gold. Mountain Province also recently added “strategic claims” to its 100%-owned Kennady North project, adjacent to Gahcho Kué. The project will see 2,000 metres of drilling starting early next year. n NORTH ARROW MINERALS North Arrow Minerals (TSXV: NAR) reported that processing of a 2,000-tonne bulk sample taken from its Naujaat project in Nunavut began in October. The sample is aimed at confirming the size distribution and character of a population of fancy yellow to orange yellow diamonds hosted in the Q1-4 kimberlite at Naujaat, located near the community of the same name and near tidewater. Results from dense media separation (DMS) processing of the sample at the Saskatchewan Research Council lab in Saskatoon will be reported in stages as processing of each of five subsamples is completed. The kimberlite hosts an inferred resource of 26.1 million carats in 48.8 million tonnes grading 53.6 carats per hundred tonnes down to a depth of 205 metres depth. Perth-based Burgundy Diamond Mines (ASX: BDM) is funding the $5.6-million bulk-sample program in return for a 40% interest in the project. Under an agreement signed last year, Burgundy can earn another 20% in Naujaat by funding a 10,000-tonne bulk sample. This fall, North Arrow also completed a till sample of its Pikoo project, 140 km east of La Ronge,

A rough diamond from Diamcor Mining’s former So Ver operation, in South Africa. A sample of coloured diamonds.

ARCTIC STAR EXPLORATION

Saskatchewan, where the company has discovered 10 kimberlites, including the diamond-bearing PK150 kimberlite. Results of the program will inform a 2022 exploration program and better define drill targets. n STAR DIAMOND Star Diamond (TSX: DIAM) is awaiting its day in court regarding the ownership of its StarOrion South diamond project in Saskatchewan, 60 km east of Prince Albert. The junior is battling major Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), which in 2017 signed a four-stage option

agreement to earn up to 60% of Star-Orion by spending up to $75 million over 7.5 years. Rio believes it has met the conditions under the agreement and announced in 2019 that it would exercise all four options at once and ahead of schedule. Star has argued that the option was not “validly exercised” and that Rio engaged in “predatory” practices and overspent on the project. It also argued that the work Rio has done at Star-Orion South is not complete without diamond breakage studies. However, in June, the Court of Queen’s Bench for Saskatchewan ruled that the diamond breakage report was not required for Rio to

DIAMCOR MINING.

complete the earn-in. In July, Rio called a management committee meeting of the joint venture where it approved a budget of $17.8 million for the period of June 2021 to March 2022. It also outlined $64.4 million spent between 2019-May 2021 that is attributable to the JV, meaning it expects Star to pay 40% of the cost. Star’s interest in Star-Orion (or FalCon as Rio Tinto calls it) may be diluted if it does not contribute funding to the joint venture. At the end of September, Star had working capital of $1.1 million. The lawsuit settling the issue is expected to be heard by a court next year.

According to a 2018 preliminary economic assessment, Star-Orion would cost $1.4 billion to build and would produce 66 million carats over a mine life of 34 years. The large, low-grade project contains high-value large diamonds and rare Type IIa stones. A 10-hole bulk sample program conducted by Rio Tinto at the Star kimberlite has improved confidence in the grade of the project. A spokesperson for Rio Tinto said that activity into the first half of 2022 will focus on technical studies to investigate options for optimal mining methods and maintaining the site. TNM

A Canadian natural resource company focused on exploring and developing Saskatchewan’s diamond resources

Diamond populations from the Star and Orion South Kimberlites include Special (+10.8 carats), Fancy (yellow) and a high proportion of Type IIa diamonds.

TSX: DIAM

www.stardiamondcorp.com @StarDiamondCorp

DECEMBER 6–19, 2021 / THE NORTHERN MINER

DIAMONDS IN CANADA

WWW.NORTHERNMINER.COM

The Top Ten Diamond Stories of 2021 BY ALISHA HIYATE EDITOR-IN-CHIEF OF DIAMONDS IN CANADA

he diamond sector may be a volatile industry, as its dramatic ups and downs during the pandemic have demonstrated. But readers have remained interested in diamond news this year — especially when it involves large gem diamonds. We’ve compiled a list of the Top 10 diamond stories in 2021 from The Northern Miner’s sister website MINING.COM. Note: The top four items are among the site’s top 100 most read stories for the year. 1 Over 3,000 diamonds recovered from Star-Orion South project in Saskatchewan

Stones from Star Diamond’s Star-Orion project in Saskatchewan. STAR DIAMOND

MDC’s top diamond story of the year was actually published at the end of 2020. The story updated the findings of a bulk sample Rio Tinto (NYSE: RIO; ASX: RIO; LSE: RIO) completed in 2019 at Star Diamond’s (TSX: DIAM) Star-Orion project in Saskatchewan. At the time, the ninth of ten bulk cutter sample holes at the project had returned 3,534 diamonds weighing 210.68 carats. The haul included 10.13, 8.10 and 7.29carat Type IIa diamonds, while 25 diamonds were greater than 1 carat. Processing from all holes has since been completed. Ownership of the Star-Orion project — called FalCon by Rio Tinto — is currently disputed, with Rio Tinto claiming a 40% stake and Star Diamond taking the major to court to argue that the terms of their 2017 earn-in agreement have not been met.

NEWCREST From 1

pronged approach. First off, as noted, there will be regional synergies with Red Chris. The second piece is around extending the current Valley of the Kings mine life. “It’s still open at depth, and you’ve got a couple of zones nearby that achieves that extensional exploration potential that will give us more mine life from the existing deposit,” says Biswas. “One of the things about a single asset company like Pretium is they’ve been measured quarter to quarter, and there’s been a market expectation to deliver a specific, consistent grade and ounces. But the reality is all these sorts of deposits, because they’re highly variable, don’t deliver constant grades every quarter. It varies. “And what’s been happening is there were some sub-optimal decisions made when you’re chasing constant grade. Well, that pressure goes away when Newcrest comes in,” says Biswas. Why? The company intends to mine the orebody as it presents itself. “It will give us the same ounces, but we can do it far more efficiently because we’re not chasing a specific grade or specific target. And that’s the secret to mining these highly variable bodies,” according to Biswas. “You’ve got to mine orebodies as they present themselves as opposed to trying to dictate your desires on

2 One of only four 1,000 carat-plus diamonds ever found dug up in Botswana

production in 2012. One analyst estimated the diamond could sell for more than US$10 million. 4 Petra finds 39-carat blue diamond at Cullinan mine

The massive stone was found June 1 at Jwaneng, the world’s richest mine by value. DUMA RADIO | TWITTER

Second on our list is an item on an exceptional diamond — a 1.098-carat stone recovered at the Jwaneng open pit mine in Botswana. The megadiamond is one of only four 1,000plus carat diamonds ever unearthed. Jwaneng, the world’s richest mine by value, is owned by Debswana, a joint venture of De Beers and the Botswana government. The mine is in the middle of a US$2-billion expansion to begin underground mining. The underground mine is expected to deliver as much as 9 million carats per year and extend Jwaneng’s mine life by 20 years. 3 Lucara kicks off 2021 with 341-carat white diamond find

The 39.34-carat blue diamond. PETRA DIAMONDS.

There’s something fascinating about coloured diamonds, which made this story about Petra Diamonds’ (LSE: PDL) discovery of a 39.34-carat blue diamond from its Cullinan mine one of MDC’s top diamond stories this year. The Type IIb gem was said to be of “exceptional quality” due to both its colour and clarity. Cullinan, located in South Africa, is known as the world’s most important source of blue diamonds. Despite holding the unique asset, as well as two others in South Africa and one in Tanzania, Petra’s financial position is weak. The miner put itself up for sale last year and then reversed its decision in favour of a debt-to-equity restructuring. The company also faces human rights abuse allegations at its Williamson mine in Tanzania resulting from the actions of its security guards.

Continuing with the large diamond theme, the year’s third most read diamond story was about Canadian miner Lucara Diamond’s (TSX: LUC) first big diamond of the year. Lucara’s Karowe mine in Botswana is known for large, high-value gem diamonds, including the 341-carat unbroken white stone it recovered in January. The diamond was the 54th stone over 200 carats recovered at Karowe since it began commercial

5 Lucara strikes again with 378 carat diamond at Karowe No. 5 on the list detailed a second large diamond recovered from Lucara Diamond’s (TSX: LUC) Karowe mine in January. The miner reported it found a 378-carat, white unbroken gem-quality stone in the same unit — M/PK(S) — of the mine’s South Lobe where the earlier diamond was discovered. Both gems were recovered from the coarse X-ray transmission circuit that Lucara has credited with avoiding breakage of its large diamonds.

the deposit. It’s a philosophical shift that we know works. And I think we’ll even pick up more ounces because the mill is currently underutilized. Being able to free that capacity up in the mine should see more tonnes get to the mill and thereby lifting ounces,” says Biswas. Newcrest also intends to bring across Pretium staff for its growing Americas-focused business unit. “They run a good business. They have some great talent — some are quite young in a technical sense, and we intend to bring on board as many as we can,” says Biswas. “We’re building a stronger unit in B.C., but also building our technical capability to guide our ambition in the Americas, and so, picking up good people like that is a big advantage.” Internally, Newcrest will also expand the B.C. office in Vancouver. It will also second a member of the executive committee to Vancouver to establish a direct report of mine, overseeing the Americas growth strategy. “That is what our growth strategy entails, the Americas, not necessarily just Canada,” says Biswas. Meanwhile, Biswas has strong faith in B.C. as a top-tier jurisdiction. For that reason, Newcrest has embarked on this latest $3.84 billion investment to acquire Brucejack, and it is also investing about US$2 billion in project work at Red Chris. “You simply don’t make those kinds of investments if you don’t believe you’re operating

in a top-tier jurisdiction.” The Pretium acquisition is the second multibillion-dollar gold acquisition in the Canadian gold sector in the past two months. Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in September offered more than $13 billion to buy Kirkland Lake Gold (TSX: KL; NYSE; KL; ASX: KLA). “My feeling is we will see further consolidation, but probably not so much at the top, and I think you’ll see more of the small to medium-level consolidate as opposed to further ‘blockbusters,’” says Biswas. Newcrest is also pursuing significant organic growth across the portfolio. It has established robust growth plans at four of its current operating mines to maintain current output at around the two-million-ounce mark through to 2030. The increasing production comes in parallel with a projected reduction in AISC per ounce by more than 50% by the financial year 2030, to around US$500 per ounce. “There’s no gold company in the world that produces that level of ounces for that AISC. We will be unique when we get there. No other company has that. And that’s what I think sets Newcrest apart. Because it’s not about ounces, it’s about margin. And that’s how I’ve run the company since I’ve joined. And that’s what gives you good free cash flow,” says Biswas. At Red Chris, the company invests in developing the block caving mining method, “which delivers a great

The 341 carat diamond recovered from the Karowe mine. CNW GROUP/LUCARA DIAMOND CORP

Lucara recently approved an underground expansion of Karowe that will extend the project’s mine life to at least 2040. 6 Thousands rush to dig for diamonds in South Africa New diamond discoveries are always exciting, and in June, word emerged of a diamond rush attracting thousands of people to an area near Ladysmith, about 360 km southeast of Johannesburg in South Africa. With videos on social media capturing crowds digging in the ground, the provincial KwaZulu-Natal government expressed concerns about crowds gathering during the pandemic and fears a stampede could occur. Unfortunately, the find, in one of South Africa’s poorest regions that has been hard-struck by the Covid19 pandemic, turned out to be not diamonds but quartz crystals. 7 Barrick’s Bristow to buy diamond miner Barrick Gold (TSX: ABX; NYSE: GOLD) president and CEO Mark Bristow’s interest in troubled junior Rockwell Diamonds made this story the next most popular with readers. In January, Rockwell announced it had made a deal to delist and merge with a B.C. diamond company (Bristco) wholly owned by Bristow. Bristow, the founder and owner of Randgold Resources (which was acquired by Barrick in 2018), acted as Rockwell’s CEO for six months to May 2011 and later joined the board. At the time of the news, he held about 2.4% of the JSE-listed diamond company. Rockwell had been in liquidation since the end of 2016 and was awaiting final liquidation proceedings in 2021.

The 113-carat gem-quality white Lulo diamond. LUCAPA DIAMOND.

at Mining Block 46, downstream of the Canguige river. The stone is the seventeenth diamond over 100 carats found at Lulo, an alluvial diamond project held 40% by Lucapa. The rest is held by Angola’s national diamond company (Endiama) and Rosas & Petalas, a private entity. Lulo hosts the world’s highest dollar-per-carat alluvials diamonds. 9 Petra puts “exceptional” 39-carat blue diamond up for sale Making a return appearance at Spot No. 9 is Petra Diamonds’ 39.34-carat blue diamond. The June 1 story noted that the diamond, recovered in January, would be sold in a special tender in July, with viewings beginning mid-June in Antwerp, Dubai, Hong Kong and New York. The diamond, whose quality Petra described as “exceptional” in terms of both colour and clarity, was subsequently sold for US$40.2 million.

8 Lucapa kicks off 2021 with 113-carat diamond find at Lulo At eighth place was another big diamond story, this time a 113-carat gem-quality diamond recovered from Lucapa Diamond’s (ASX: LOM) Lulo mine in Angola in January. Lucapa noted the diamond is the first found

10 Elite diamond-buying club shrinks as De Beers culls old clients Bucking the trend of big diamond stories, the last story on our list was a Bloomberg news story reporting on a change in the way De Beers — the world’s largest diamond miner — does business. The item from January explained that some of the company’s buyers or sightholders have lost that status, while others have had their status downgraded. The Bloomberg piece said the changes were designed to “funnel more stones into fewer hands” and to the buyers that could add the most value to the rough diamonds. TNM

IRR,” says Biswas. “The project is expected to come online over the next five years. We’re building the decline, which provides us with further block cave upside, with some early mining of some hybrid pods potentially bringing ounces forward. But we’ll announce if we decide to do it.” Newcrest is also considering its options on developing the Eastridge discovery at Red Chris, which is still at an early exploration stage. At Lihir, in Papua New Guinea, the catalyst is a recent study that proposes bringing forward the millionounce per year production mark to the 2024-25 timeframe. “Once you get above that million-ounce mark, the marginal costs come down markedly, thereby increasing the operating margin,” says Biswas. “Therefore, the free cash flow that comes from here is exciting.” Newcrest is also expanding the Cadia mine, in New South Wales, Australia, by adding two mining blocks and modifying the processing facilities, which will increase the tonnage to 35 million ounces plus. “Because of the copper content, both the Red Chris and Cadia will essentially be producing gold at zero, or negative cost,” says Biswas. At the Telfer mine in Western Australia, which is reaching the end of its life, the company has announced it will proceed with the West Dome Stage 5 cutback. The cutback underpins the continuity of operations at

Telfer, with further mine life extension opportunities to be assessed within the open pit and underground. “But the Havieron discovery about two years ago is proving to be very exciting,” says Biswas. “And that will help offset the decline of the Telfer orebody as that mine starts to come online. “So, every asset that we have has great upside.” Aside from the expansion prospects, Newcrest also still has the WafiGolpu project in PNG, which is not yet permitted. “That is the highestgrade undeveloped copper-gold porphyry in the world. It’s a fabulous deposit. And we really do want to get that approved,” says Biswas. “And then we have to work out what we’re going to do with Brucejack once it comes into our portfolio. So, we have a full plate, lots of organic growth options as well as inorganic, and having that blend is what we’re looking for,” says Biswas. Biswas says Newcrest loves having significant exposure to copper in its portfolio. “We’re going to increase our production by 37% over the next eight years. In my view, every gold company should have a healthy exposure to copper.” At press time, Newcrest’s Sydneyquoted shares last traded at A$24.66 apiece, down more than 17% over the past 12-month frame. It has a market capitalization of A$20.17 billion ($18.47 billion). TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6—19, 2021

Welcome to AME Roundup 2022 Together with the Roundup Organizing Committee, we are eager to return to the Vancouver Convention Centre for AME Roundup 2022 where all the elements you have grown to love will return. Discover your next project in the Prospectors’ Tent or Project Generators’ Hub, learn about the latest technologies at the Additions to the Geoscience Toolbox session, or recruit up-and-coming geoscientists during the Poster Session. We are back where we belong, and it feels great! This year’s theme, Engage. Connect. Evolve., brings back the connections that we desperately need. We want to thank you all for your continued support through a challenging year and for attending AME Roundup 2022. On behalf of the Roundup Organizing Committee, we hope our vision exceeds your expectations! On behalf of AME, we would like to sincerely thank all of our AME Roundup 2022 sponsors and AME Advocacy Sponsors.

Dale Mah

ENDEAVOUR SILVER CORPORATION, CHAIR, ROUNDUP 2022 ORGANIZING COMMITTEE

The Association for Mineral Exploration (AME) is the lead association for the mineral exploration and development industry based in British Columbia. Established in 1912, AME represents, advocates, protects and promotes the interests of thousands of members who are engaged in mineral exploration and development in B.C. and throughout the world. AME encourages a safe, economically strong and socially and environmentally responsible industry by providing clear initiatives, policies, events and tools to support its membership.

AME ROUNDUP 2022: Your conference. Your way.

osted by explorers for explorers, AME Roundup is the premier gathering place for thousands of geoscientists, prospectors, financiers, investors, suppliers, governments and Indigenous partners to engage, share knowledge, and stay at the forefront of the opportunities and challenges shaping our industry. AME Roundup 2022 participants will be able join us in person at the Vancouver Convention Centre West and access live and on-demand virtual programming from anywhere in the world, whether from home, at work or in camp. Discover how mineral exploration is evolving into a diverse, dynamic sector, embracing new technologies, community partnerships and engaging the next generation.

At AME ROUNDUP, deals are made, talent is discovered and trends are set. OPENING CEREMONY Monday, January 31 | Morning Gold Medal Olympian Christine Sinclair.

GENERAL INFORMATION

KEYNOTE SPEAKER:

LOCATION

Olympic gold medallist and world-leading goal scorer, Christine Sinclair, will kick off AME Roundup in 2022. Join us at the Opening Ceremony to gain insight from a lineup of inspiring speakers, including Christine, who will examine the parallels between playing for gold and searching for gold: persistence, resiliance, grit.

| Vancouver Convention Centre West and Online.

REGISTRATION & CONFERENCE INFORMATION

Visit roundup.amebc.ca

| For registration questions, contact AME Roundup Registration at 1.855.787.2457 (toll-free) or email roundup@conexsys.com.

ENQUIRIES

Christine Sinclair GOLD MEDAL OLYMPIAN

WWW.NORTHERNMINER.COM

DECEMBER 6—19, 2021 / THE NORTHERN MINER

THANK YOU TO OUR SPONSORS FOR YOUR SUPPORT AT AME ROUNDUP AND THROUGHOUT THE YEAR. The Association for Mineral Exploration sincerely thanks the following companies who support AME Roundup and the work of the Association throughout the year (confirmed at the time of printing) for their support.

PATRON

PLATINUM

GOLD

SILVER

BRONZE

GLOBAL MINING NEWS

SESSIONS >monday REGIONAL OVERVIEWS Monday, January 31 | Morning

This signature session provides a timely overview of mineral exploration and mining activities in British Columbia, Yukon and Alaska in 2021. This is a must-attend session for prospectors, exploration geologists, engineers, miners, financial analysts and industry leaders seeking the first big picture year-in-review for 2021.

NEW GEOSCIENCE

Monday, January 31 | Afternoon

The New Geoscience Session showcases the results of frontline geoscience initiatives bringing new ideas on the regional geology of Western Canada and their bearing on mineralization. Topics will range from regional syntheses of important geological areas to focused studies highlighting new investigative approaches.

THE NORTHERN MINER / DECEMBER 6—19, 2021

>tuesday

>wednesday

>thursday

COMMODITIES AND FINANCIAL MARKETS

PRECIOUS METALS

B.C., YUKON AND ALASKA

This popular technical session will highlight a range of precious metal projects in new and evolving jurisdictions in Canada, the USA and globally.

This session covers a broad region in western North America with a diverse geologic history. This year’s focus will be on a selection of exciting and innovative exploration programs across a range of commodities and deposit types in B.C., Yukon, and Alaska.

Tuesday, February 1 | Morning

Including a high-calibre roster of corporate consultants, equity research analysts and commodity strategists, this session will address capital raising and business risks in today’s markets alongside commodity-specific trends and outlooks.

ADDITIONS TO THE GEOSCIENCE TOOLBOX Tuesday, February 1 | Morning

Assembling the best exploration tools for your ‘Geoscience Toolbox’ is an ongoing process. In this session, engaging presenters from national, provincial, and territorial geological surveys, universities, and research agencies to spotlight recent innovative public geoscience projects across Canada.

Wednesday, February 2 | Morning

BASE METALS

Wednesday, February 2 | Afternoon

Despite the economic headwinds of the pandemic, base metal markets have continued to see growing interest in the long-term supply of copper, nickel and zinc. In this session, presenters will share valuable insights from projects across the globe.

Thursday, February 3 | Morning

ESG SESSION

Thursday, February 3 | Morning

Today, Environmental, Social and Governance best practices are as important as geology to finding and developing a deposit. Join us for a conversation with leaders in ESG to discuss trends, economic interests and the relevancy of ESG best practices to explorers making today’s discoveries.

THEME SESSION: ENGAGE. CONNECT. EVOLVE.

Government Industry Forum

Environmental, Social and Governance (ESG) factors directly influence how exploration and mining projects progress alongside the geological and geographical characteristics. Geoscientists play a critical role and the Theme Session — Engage. Connect. Evolve. — will showcase how companies at the forefront of ESG are developing truly integrated projects and adapting to an ever-evolving landscape.

CONNECT WITH YOUR GOVERNMENT

Tuesday, February 1 | Afternoon

TICKETED NETWORKING EVENTS

EVENTS

Tickets are available for purchase when registering.

FINANCE KEYNOTE LUNCH

Monday, January 31 | Afternoon

Mineral exploration and development are globally competitive and governments need to work closely with industry to attract investment and nurture responsible exploration. AME’s 12th annual Government-Industry Forum highlights both opportunities and successes in government and industry leaders collaborating, both inside and outside B.C.

10th Annual Gathering Place Tuesday, February 1 + Wednesday, February 2

At AME, we recognize the path of reconciliation is more a journey than a destination. 2022 will mark the 10th year of the Gathering Place, a must-attend session exploring all aspects of Indigenous Relations in mineral exploration and development that has become an AME Roundup staple. This year we highlight those companies and communities who have taken exceptional steps along this path to work together and prosper.

Dr Janis Shandro

CHAIR’S WELCOME BREAKFAST – invitation only Monday, January 31

AME KEYNOTE LUNCH

The AME Finance Lunch is a staple of Mineral Exploration Roundup that highlights the financial side of the mineral exploration industry. Tuesday, February 1

Monday, January 20

*NEW* BC HAPPY HOUR Monday, January 31 – Wednesday, February 2

ONLINE CHARITY POKER TOURNAMENT Monday, January 31

VIRTUAL NETWORKING Monday – Wednesday

OLD-TIMERS’ LUNCH –

invitation only

Wednesday, February 2

AME ENVIRONMENT, HEALTH AND SAFETY AWARDS BREAKFAST Terry Small, The Brain Guy

A keynote speaker will present on the latest in industry health and safety. Join AME and PDAC for the 2021 Safe Day, Everyday Gold Award presentation. Wednesday, February 2

AWARDS GALA: CELEBRATION OF EXCELLENCE AME proudly recognizes the remarkable achievements and contributions of individuals and teams in mineral exploration and development at the annual AME Awards Gala. To see the 2021 award recipients, learn more about the different awards we offer, or how to nominate someone you think is deserving of an award visit our awards page at amebc.ca/awards. Wednesday, February 2 > Tickets are available for purchase when registering.

TSX LIVE MARKET CLOSE AME members and friends will close the market for the Toronto Stock Exchange and TSX Venture Exchange on the last day of AME Roundup 2022. Thursday, February 3

DECEMBER 6—19, 2021 / THE NORTHERN MINER

THE EXHIBIT HALL

WWW.NORTHERNMINER.COM

THE EXHIBIT HALL IS A STAPLE AT AME ROUNDUP AND WILL FEATURE OVER 220 EXHIBITING COMPANIES, THE CORE SHACK, THE PROSPECTORS’ TENT AND PROJECT GENERATORS’ HUB.

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6–19, 2021

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M A R K E T N EWS TORONTO STOCK EXCHANGE / NOV. 22-NOV.26 The S&P/TSX Composite Index fell 1.99% or 429.10 points to finish the November 22-26 trading week at 21,125.90 points. The S&P/ TSX Global Mining Index was down 0.76% or 0.76 points to 98.90, and the S&P/TSX Global Base Metals Index rose 0.32% or 0.53 points to 165.42. Spot gold fell 3.13% or US$57.80 per oz. to US$1,787.20 per ounce. Shares of Labrador Iron Ore Royalty topped the charts, rising $1.86 to $37.22 per share. The company declared a dividend payable on December 23 and its portion is $47.9 million (US$37.5 million). Labrador Iron Ore Royalty holds a 15.10% equity stake in Iron Ore Company (IOC), and receives a 7% gross overriding royalty and a 10¢ per tonne commission on all iron ore products produced, sold and shipped by IOC. IOC is a leading North American producer and exporter of premium iron ore pellets and high-grade concentrate with average iron grades greater than 66%. Its operations include a mine with five operational pits, a concentrator and a pelletizing plant near Labrador City in the province of Newfoundland and Labrador. B2Gold announced a cash dividend for the fourth quarter of 4¢ per common share (or an expected 16¢ on an annualized basis) payable on December 17. The company has

operating gold mines in Mali, Namibia and the Philippines and exploration and development projects in a number of countries including Mali, Colombia, Burkina Faso, Finland and Uzbekistan. B2Gold’s shares closed at $5.09 per share, down 48¢. Lundin Mining reported production guidance for the three-year period of 2022 through 2024, as well as cash cost, capital and exploration expenditure forecasts for 2022. Copper production is slated to increase to 258,000282,000 tonnes on a consolidated basis in 2022, and range from 250,000 to 274,000 tonnes in 2023 and between 262,000 and 286,000 tonnes in 2024. Zinc production is forecast to rise to 188,000 to 203,000 tonnes in 2022 as the TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Harte Gold B2Gold Corp Denison Mines Yamana Gold Kinross Gold Barrick Gold Nexgen Energy Fission Uran Lundin Mng

SU HRT BTO DML YRI K ABX NXE FCU LUN

67616 34.35 25340 0.03 24636 5.53 22503 2.24 20178 5.44 17224 8.43 13743 25.37 13186 6.59 11899 0.91 11499 10.97

WEEK LOW CLOSE CHANGE

30.96 31.82 + 0.02 0.03unch 5.06 5.09 1.97 2.03 5.06 5.07 7.66 7.71 24.32 24.44 5.82 5.98 0.79 0.82 9.74 10.03 -

0.15 0.00 0.48 0.09 0.37 0.72 1.18 0.34 0.05 0.56

Neves-Corvo zinc expansion project ramps up and on an improved near-term production profile at Zinkgruvan. Total zinc production in 2023 will be 227,000 to 242,000 tonnes and 225,000 to 240,000 tonnes in 2024. Gold production is expected to come in at about 153,000 to 163,000 ounces in 2022. In 2023 gold production is forecast to run to 155,000 to 165,000 oz. and in 2024, between 153,000 and 163,000 ounces. As for nickel, production

is anticipated to moderate to 15,000 to 18,000 tonnes in 2022. In 2023 nickel production is expected to come in at 13,000 to 16,000 tonnes and to be between 9,000 and 12,000 tonnes in 2024. Capital expenditures in 2022 are forecast to be US$630 million on a 100% basis. The majority of sustaining capital is for open-pit waste stripping, underground mine development, and tailings storage facility and water management works. Lundin’s shares fell 56¢ to $10.03. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Xanadu Mines Sulliden Mng Northcliff Res Champion Iron Sierra Metals SouthGobi Res Orea Mining Anaconda Mng Capstone Mng Eastern Platin Horizonte Mnls EurOmax Res Starcore Intl Xtra-Gold Res Gold Mountain Arizona Gold Trevali Mining Goldgroup Mng Silver Bull Re GoldMining

XAM SMC NCF CIA SMT SGQ OREA ANX CS ELR HZM EOX SAM XTG GMTN SGLD TV GGA SVB GOLD

929 1384 40 3278 1257 64 536 606 6781 84 4252 17 171 48 1501 3637 9702 1526 122 684

0.03 0.26 0.05 4.28 2.15 0.40 0.15 0.75 6.20 0.33 0.16 0.07 0.28 1.15 1.94 0.08 0.20 0.04 0.55 1.95

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.00 0.19 0.00 3.79 1.63 0.00 0.12 0.69 5.49 0.30 0.11 0.00 0.24 0.99 1.62 0.07 0.16 0.00 0.48 1.70

0.03 0.23 0.05 4.15 1.88 0.36 0.15 0.75 5.91 0.32 0.11 0.07 0.24 0.99 1.67 0.07 0.17 0.04 0.49 1.70

+ + + + + + + + + + -

20.0 15.4 12.5 11.0 8.7 7.5 7.4 7.1 6.9 6.7 24.1 18.8 15.8 15.4 13.5 13.3 13.2 12.5 12.5 12.4

Labrador IOR Teck Res Nutrien Turquoise HIl Champion Iron Capstone Mng Orocobre Atalaya Mining Sierra Metals Suncor Energy Franco-Nevada Agnico Eagle Endeavour Mng MAG Silver Wheaton Prec Kirkland Lake Lithium Amer Ero Copper SSR Mining Victoria Gold

LIF TECK.A NTR TRQ CIA CS ORL AYM SMT SU FNV AEM EDV MAG WPM KL LAC ERO SSRM VGCX

1636 5 5512 1296 3278 6781 262 29 1257 67616 1169 4324 3513 2095 3408 2612 3267 630 2231 920

WEEK CLOSE

37.22 37.91 86.70 18.25 4.15 5.91 8.42 7.10 1.88 31.82 173.98 65.45 29.96 20.85 53.22 51.57 45.16 21.02 22.86 15.74

CHANGE

+ + + + + + + + + + -

1.86 1.00 0.82 0.54 0.41 0.38 0.25 0.23 0.15 0.15 8.32 3.31 3.13 2.69 2.67 2.57 2.23 1.95 1.78 1.69

TSX VENTURE EXCHANGE / NOV. 22-NOV.26 The S&P/TSX Venture Composite Index fell 4.96% or 49.28 points to 944.05 during the November 22-November 26 trading week. Spot gold dropped US$57.80 per oz. or 3.13% to finish the wee at US$1,787.20 per ounce. Canada Nickel Company gained 60¢ to $3.67 per share. The company announced it had concluded 18 separate transactions resulting in the acquisition or earn-in to 13 additional target properties within a 95 km radius of its flagship Crawford nickel-sulphide project in Ontario. Each of the properties contains one or more ultramafic target based on a combination of historical geophysical work and drilling over the last 65 years. “These properties have combined target structures 40 times the scale of the structure which hosts our current Crawford Main zone resource (contained nickel of 1.56 million tonnes in the measured and indicated category plus 0.76 million tonnes inferred), and like Crawford, all these target structures are near excellent infrastructure,” Mark Selby, the company’s chairman and CEO, stated in a news release, adding that “each target has had some amount of historical work, and in some cases, much more than Crawford did initially, confirming these targets contain the same serpentized dunite and/or peridotite that hosts Crawford mineralization.”

Shares of Frontier Lithium climbed 32¢ to $1.71. The company announced a $10 million bought deal private placement of flow-through shares at a price of $1.86 per flow-through share. The junior owns the PAK lithium project in Ontario. Since 2013, the company has delineated two premium spodumene-bearing lithium deposits (PAK and Spark), which are about 2.3 km apart. The 26,774-hectare project has measured and indicated resources of 10.49 million tonnes averaging 1.78% lithium oxide and inferred resources of 18.48 million tonnes averaging 1.45% lithium oxide. The company has made two other spodumene-bearing discoveries: the Bolt pegmatite (between the PAK and Spark deposits), and the Pennock pegmatite, 30 km northwest of the PAK deposit. TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Aurcana Silver Arena Min Vision Lithium Leeta Gold Azincourt Ener Currie Rose Rs American Lith First Cobalt Infinite Ore Canada Silver

AUN AN VLI HIVE AAZ CUI LI FCC ILI CCW

14627 12775 12028 11515 7682 7054 5984 5479 5103 4815

0.67 0.66 0.31 5.39 0.09 0.15 5.90 0.39 0.19 0.23

WEEK LOW CLOSE CHANGE

0.35 0.52 0.22 4.66 0.07 0.00 5.11 0.31 0.14 0.17

0.37 - 0.30 0.53 - 0.07 0.24 - 0.03 4.76 - 0.55 0.07 - 0.02 0.07 + 0.03 5.58 - 0.14 0.32 - 0.06 0.19 + 0.04 0.19 + 0.01

New Found Gold announced that it had closed its previously announced non-brokered private placement of 5 million common flowthrough shares at a price of $9.60 per share for gross proceeds of $48 million. Eric Sprott purchased all of the shares in the placement and owns about 22% of the company. New Found Gold owns 100% of the Queensway project, about 15 km west of Gander in Newfoundland. In other news, the company announced that

it had closed its previously announced acquisition of three royalty interests. New Found Gold purchased 100% of each vendor’s royalty interests, each equal to 0.2% of net returns for an aggregate of 0.6% of net returns from the Linear and JBP Linear properties, which cover key target areas of the Queensway project and include its Keats, Golden Joint, and Lotto discoveries. The company’s shares fell 40¢ to $7.38 during the trading week. TNM

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

Currie Rose Rs African Metals Altan Nevada District Mines Thunder Mtn Gd Infinite Ore Galore Res Zinc One Res Frontier Lith Madoro Metals Aurcana Silver Sylla Gold New Stratus Medgold Res Infield Min QcX Gold Blue River Res Aurora Royal Altair Res Inc Goldcliff Res

CUI AFR ANE DIG.H THM ILI GRI Z FL MDM AUN SYG.H NSE MED INFD QCX BXR AUR.H AVX GCN

7054 21 5 56 3 5103 738 2 1889 41 14627 245 1432 1059 852 503 6 129 2216 160

0.15 0.08 0.02 0.22 0.15 0.19 0.03 0.64 1.75 0.09 0.67 0.22 0.79 0.03 0.07 0.10 0.01 0.06 0.10 0.12

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.00 0.00 0.00 0.00 0.14 0.00 0.00 1.41 0.00 0.35 0.00 0.44 0.00 0.00 0.06 0.00 0.00 0.07 0.09

0.07 0.08 0.02 0.22 0.15 0.19 0.03 0.64 1.71 0.09 0.37 0.19 0.48 0.02 0.05 0.07 0.01 0.04 0.07 0.09

+ + + + + + + + + + -

85.7 33.3 33.3 33.3 31.8 27.6 25.0 23.1 23.0 21.4 44.7 36.7 34.0 33.3 33.3 33.3 33.3 33.3 31.6 30.8

VOLUME (000s)

Tanqueray Expl Canada Nickel Frontier Lith Golden Secret Greenshield Ex Sigma Lithium Zinc One Res Nrthn Graphite North Peak Res Blue Star Gold Great Bear Res Nouveau Monde IsoEnergy Ltd Rock Tech Lith Universal Vent Leeta Gold Colonial Coal Saturn Mnrls Eloro Res New Found Gold

IPA CNC FL TBRD PEZM.H SGML Z NGC NPR BAU GBR NOU ISO RCK MCLD HIVE CAD SOIL ELO NFG

WEEK CLOSE

176 8.47 3161 3.67 1889 1.71 263 4.75 154 1.97 288 12.13 2 0.64 1812 0.78 227 1.30 360 0.59 449 20.10 355 9.98 904 4.26 191 6.79 189 5.74 11515 4.76 698 2.87 150 3.11 507 3.48 1126 7.38

CHANGE

+ + + + + + + + + + -

1.31 0.60 0.32 0.29 0.17 0.13 0.12 0.11 0.10 0.07 1.56 1.32 0.69 0.65 0.56 0.55 0.53 0.47 0.44 0.40

U.S. MARKETS / NOV. 22-NOV.26 The Dow Jones Industrial Average dropped 1.97% to 702.64 points to finish the trading week at 34,899.334, and the S&P 500 fell 2.20% or 103.34 points to 4,594.62. Spot gold lost US$57.80 per oz. or 3.13% to US$1,787.20 per ounce. Agnico Eagle Mines announced that its shareholders had voted overwhelmingly in favour of its proposed merger with Kirkland Lake Gold. The resolution was approved by aout 99.86% of the votes cast by Agnico Eagle shareholders at the meeting, with a shareholder turnout of 69.62%. (Shareholders of Kirkland Lake Gold also approved the merger at a special meeting on the same day.) “I would like to thank our shareholders and the shareholders at Kirkland Lake Gold for supporting the merger of the two companies,” Agnico Eagle’s CEO Sean Boyd stated in a news release. “We are very excited about the transaction as it positions Agnico Eagle as the leading low risk global gold company with growing production, low costs and strong ESG leadership.” Shares of Agnico Eagle fell US$2.52 to US$51.83, while shares of Kirkland Lake Gold lost US$1.95 to US$40.82. Shares of Lithium Americas were down US$1.80 to US$35.69. The company announced that it had purchased 23,369,003 common shares of Arena Minerals at a price of 54¢ per

share at a cost of about US$10 million for a 6.3% stake, bringing its total stake in Arena to 18% on a non-diluted basis. (It also holds 21,428,571 warrants.) The additional investment in Arena, “further reinforces Lithium Americas’ commitment to the region and the company’s long-term resource development plans in Argentina.” Arena Minerals’ Sal de la Puna lithium brine project in Salta province, along with the immediately adjacent Pastos Grandes lithium brine project owned by Millennial Lithium “provides future optionality in proximity to the company’s Cauchari-Olaroz lithium project, establishing Lithium Americas as a premier lithium brine developer in Argentina,” it said in a press release. In addition to Arena’s 65% stake in the Sal de la Puna project, U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE 158495 Yamana Gold* AUY 82952 Freeport McMoR* FCX 82624 Barrick Gold* GOLD 73955 Cleveland-Clif* CLF 72370 United States S* X 63209 Kinross Gold* KGC 61750 Chevron Corp* CVX 47467 Suncor Energy* SU 42293 IAMGOLD* IAG 41603

HIGH

WEEK LOW CLOSE CHANGE

12.74 11.86 12.37 + 4.30 3.96 4.07 39.25 35.30 37.24 20.03 19.22 19.38 23.28 21.32 21.84 26.40 23.55 24.27 6.66 6.00 6.13 118.00 111.85 114.51 + 26.71 24.20 24.77 3.25 3.00 3.09 -

0.92 0.25 1.04 0.87 0.11 0.25 0.54 2.60 0.26 0.07

Arena also owns the Antofalla lithium brine project, south of Albemarle’s Antofalla project, also in Argentina. Sibanye-Stillwater’s shares fell US$1.37 to US$11.94. The company announced that the parties involved in wage negotiations at its gold operations — management and the unions AMCU, the NUM, Solidarity and UASA — have been unable to reach an agreement. The company said it has revised its offer five times

during the wage negotiations process. Cleveland-Cliffs completed the acquisition of Ferrous Processing and Trading Company, and it now is a wholly owned subsidiary. FPT processes about three million tons of scrap per year, about half of which is prime grade. Cliffs said it expects to grow its prime scrap presence, and is the largest producer of flat-rolled steel in North America. The company’s shares fell US11¢ to US$21.84. TNM U.S. GREATEST VALUE CHANGE

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

Natural Res Pt* Vale* Peabody Enrgy* Intrepid Pots* Turquoise HIl* Rio Tinto* Chevron Corp* Arch Resources* Buenaventura* CONSOL Energy* Nouveau Monde* Coeur Mng* Sibanye-Stillw* Endeavr Silver* Ero Copper* Kinross Gold* Fortuna Silvr* First Majestic* Hecla Mining* Mechel*

NRP VALE BTU IPI TRQ RIO CVX ARCH BVN CNX NMG CDE SBSW EXK ERO KGC FSM AG HL MTL

189 33.95 158495 12.74 26400 12.17 608 45.44 7458 15.59 15340 64.67 47467118.00 3977 83.50 6138 6.99 11286 14.66 884 9.07 18770 6.39 22706 13.39 10661 5.38 52 18.34 61750 6.66 23777 3.89 20033 12.79 24287 6.07 2403 3.28

VOLUME (000s)

WEEK LOW CLOSE CHANGE

29.51 33.43 11.86 12.37 10.00 10.50 41.07 43.45 14.01 14.50 60.74 62.33 111.85 114.51 76.16 79.46 6.26 6.94 13.87 14.20 7.57 7.92 5.58 5.73 11.56 11.94 4.69 4.81 16.51 16.60 6.00 6.13 3.43 3.52 11.51 11.91 5.45 5.58 2.87 2.94

+ + + + + + + + + + -

13.5 8.0 6.4 5.8 3.5 2.7 2.3 2.1 2.1 1.9 11.8 10.5 10.3 9.8 8.8 8.1 8.1 7.5 7.5 7.0

Natural Res Pt* NRP Chevron Corp* CVX Intrepid Pots* IPI Arch Resources* ARCH Rio Tinto* RIO Vale* VALE Peabody Enrgy* BTU Turquoise HIl* TRQ CONSOL Energy* CEIX Alcoa* AA Franco-Nevada* FNV Agnico Eagle* AEM MartinMarietta* MLM Wheaton Prec* WPM Southern Copp* SCCO Kirkland Lake* KL Lithium Amer* LAC Ero Copper* ERO Sibanye-Stillw* SBSW Cameco Corp* CCJ

189 47467 608 3977 15340 158495 26400 7458 1532 32121 1838 8071 920 8175 5066 5938 18391 52 22706 22707

WEEK CLOSE

33.43 114.51 43.45 79.46 62.33 12.37 10.50 14.50 23.13 47.95 137.65 51.83 414.92 41.98 57.71 40.82 35.69 16.60 11.94 24.08

CHANGE

+ + + + + + + + + + -

3.97 2.60 2.39 1.63 1.62 0.92 0.63 0.49 0.36 0.35 6.46 2.52 2.51 2.21 1.97 1.95 1.80 1.60 1.37 1.21

GLOBAL MINING NEWS

THE NORTHERN MINER / DECEMBER 6–19, 2021

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening on November 25 2021 (change from November 18 2021 in brackets): 1820 919225 82600 57400 116712 1190 165225

Aluminium Alloy Aluminium Copper Lead Nickel Tin Zinc

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$89.75 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$30.70 Cobalt: US$28.39/lb. Copper: US$4.51 Copper: CME Group Futures January 2022: US$4.34/lb.; February 2022: US$4.34/lb. Iridium: NY Dealer Mid-mkt US$4,300.00/tr oz. Iron Ore 62% Fe CFR China-S: US$96.70 Lead: US$1.06/lb. Rhodium: Mid-mkt US$13,700 tr. oz. Ruthenium: Mid-mkt US$590.00 per oz. Silver: Handy & Harman Base: US$23.09 per oz.; Handy & Harman Fabricated: US$28.86 per oz. Tin: US$18.60/lb. Uranium: U3O8, Trade Tech spot price: US$46.20 per lb. U308 Zinc: US$1.56 per lb. Prices current November 29, 2021

(0) (-33625) (-15000) (-350) (-8154) (+350) (-14150)

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of November 15, 2021 (with changes from October 31, 2021) Largest short positions Suncor Energy SU 22441727 -5727920 10/31/2021 Fission Uran FCU 15808320 2039388 10/31/2021 Barrick Gold ABX 15193114 2147658 10/31/2021 Ivanhoe Mines IVN 14704354 1282 10/31/2021 B2Gold Corp BTO 14275811 1629594 10/31/2021 Kinross Gold K 13969359 1088238 10/31/2021 New Gold NGD 13076025 1329486 10/31/2021 Argonaut Gold AR 12887645 517237 10/31/2021 Lundin Mng LUN 12596012 -849403 10/31/2021 Yamana Gold YRI 10527884 2940628 10/31/2021 OceanaGold OGC 9816419 4846310 10/31/2021 Fortuna Silvr FVI 9779508 1073879 10/31/2021 Wheaton Prec WPM 8869160 520729 10/31/2021 Calibre Mng CXB 8865767 4675150 10/31/2021 First Quantum FM 8162394 -946411 10/31/2021 Largest increase in short position OceanaGold OGC 9816419 4846310 10/31/2021 Calibre Mng CXB 8865767 4675150 10/31/2021 Harte Gold HRT 8154184 4393808 10/31/2021 Great Panther GPR 4491413 3593042 10/31/2021 Nevada Copper NCU 4031078 3320769 10/31/2021 Largest decrease in short position Suncor Energy SU 22441727 -5727920 10/31/2021 HudBay Min HBM 2588813 -1366318 10/31/2021 Cameco Corp CCO 3762668 -1301967 10/31/2021 Talon Metals TLO 757229 -1267051 10/31/2021 First Quantum FM 8162394 -946411 10/31/2021

Short positions outstanding as of November 15, 2021 (with changes from October 31, 2021) Largest short positions Leeta Gold HIVE 14541312 10348225 10/31/2021 Millennial Pr MPM 7404546 4094629 10/31/2021 EnCore Energy EU 7016567 -830853 10/31/2021 Three Valley TVC 5627720 2635161 10/31/2021 Alphamin Res AFM 4814535 4260038 10/31/2021 Cartier Res ECR 4620613 4512398 10/31/2021 Tower Res TWR 4225612 4225473 10/31/2021 American Lith LI 4167796 1458904 10/31/2021 Purepoint Uran PTU 3419167 3230345 10/31/2021 Emerita Res EMO 3266066 1198512 10/31/2021 Galane Gold GG 3235458 3122186 10/31/2021 Anfield Energy AEC 2907845 2117090 10/31/2021 Critical Elem CRE 2906756 2885415 10/31/2021 ZEN Graphene ZEN 2791573 824311 10/31/2021 Fission 3.0 FUU 2610962 1287678 10/31/2021 Largest increase in short position Leeta Gold HIVE 14541312 10348225 10/31/2021 Cartier Res ECR 4620613 4512398 10/31/2021 Alphamin Res AFM 4814535 4260038 10/31/2021 Tower Res TWR 4225612 4225473 10/31/2021 Millennial Pr MPM 7404546 4094629 10/31/2021 Largest decrease in short position Intl Lithium ILC 405564 -1278156 10/31/2021 Gold Line Res GLDL 37245 -977900 10/31/2021 Advance Gold AAX 46588 -917446 10/31/2021 EnCore Energy EU 7016567 -830853 10/31/2021 Japan Gold JG 57138 -805943 10/31/2021

DAILY METAL PRICES Date Nov 26 Nov 25 Nov 24 Nov 23 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2395/2390 2396/2390 2396/2390 2396/2390 Aluminum 2617.5/2617 2739.5/2734 2698/2690.5 2690/2684.5 Copper 9629/9515 9931/9890 9850/9785 9824.5/9721 Lead 2295/2258.5 2329/2278 2318/2267 2276/2255 Nickel 20230/20050 21050/20825 21125/21000 20570/20420 Tin 40225/39150 40900/39750 40225/39150 40150/38755 Zinc 3330/3215 3430/3333 3429/3338 3420/3343 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1809.80 1790.65 1790.80 Gold PM 1800.80 1788.15 1782.05 Silver 23.63 23.69 23.50 Platinum 978 988 978 Palladium 1798 1856 1870

Nov 22 2397/2390 2653/2653 9729/9610 2237/2228 20260/20075 39750/38400 3275/3226

1797.30 1789.15 23.82 986 1935

1841.10 1816.05 224.69 1031 2041

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

Nov 26 1.2795 0.7818

Nov 25 1.2664 0.7896

Nov 24 1.2663 0.7897

Nov 23 1.2677 0.7888

Exchange rates (Quote Media, November 26, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0973 0.6904 88.5975 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5860 4.9994 58.7025 US to AUS US to EURO US to YEN 1.4039 0.8835 113.3650 US to UK Pound US to China Yuan US to India Rupee 0.7495 6.3930 75.0530

Nov 22 1.2703 0.7872

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

Warrant to purchase one common share of the Issuer at $0.50 until expiry. Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry. 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. Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share. Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share. Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share. Cordoba Minerals Corp. (CDB.RT) - One right to purchase one common share at $0.54 per share. Denarius Silver Corp. (DSLV.WT) - One warrant to purchase one common share at $0.80 per share. Elevation Gold Mining Corporation (ELVT. WT) - One warrant to purchase one com-

mon share at $4.80 per share. Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share. Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share. LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share. Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share. Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One war-

Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry. Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS rant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share. Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share. Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share. Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Osisko Development Corp. (ODV.WT) One warrant to purchase one common share at $10.00 per share. Sandfire Resources America Inc. (SFR.RT) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share. Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share. Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share. Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. Vizsla Silver Corp. (VZLA.WT) - One warrant to purchase one common share at $3.25 per share. Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

C$ to Mex Peso 17.1340 C$ to Swiss Franc 0.7210 US to Mex Peso 21.9111 US to Swiss Franc 0.9232

C$ to SA Rand 12.7221 C$ to S. Korea Won 935.1675 US to SA Rand 16.2739 US to S. Korea Won 1195.8400

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

Nov 26 21125.90 944.05 1277.41 286.82 265.02

Nov 25 21613.18 975.58 1306.77 287.46 265.02

Nov 24 21548.43 970.45 1302.37 288.41 265.02

Nov 23 21453.77 959.49 1296.43 289.52 265.02

Nov 22 21420.77 966.36 1292.14 294.68 265.02

High 21796.16 1113.64 1312.65 341.72 324.94

Low 17124.86 739.88 1022.17 257.81 230.26

NEW 52-WEEK HIGHS AND LOWS NOVEMBER 22-26, 2021 CANADIAN GOLD MUTUAL FUNDS FundName Nov 26 ($) BMO Prec Mtls Fd A 23.92 BMO ZGD 70.48 BMO ZJG 66.14 CI Pre Met Fd A 55.59 CIBC Prec Metal Fd A 14.29 Dyn Prec Metls Fd A 12.56 Harvest HGGG 26.60 Horizons HEP 28.03 IG MacGbPreMetCl A 15.09 iShares XGD NBI PrecMetFd Invt 18.53 NPT Go&PrMinFd A 54.72 NPT SilverEquCl A 9.02 Prec Met Fd A 65.30 RBC GblPreMetFd A 55.14 RBC GblPreMetFd Adv 55.51 TD Prec Mtl Fd Inv 46.18

Nov 19 ($) 25.47 74.87 70.45 59.39 14.97 13.46 28.20 29.56 15.98 18.70 19.69 58.69 9.72 69.25 58.38 58.77 48.63

Change ($) -1.55 -4.39 -4.32 -3.80 -0.68 -0.91 -1.60 -1.54 -0.89 -0.97 -1.16 -3.98 -0.70 -3.95 -3.24 -3.26 -2.45

Change (%) -6.08 -5.86 -6.13 -6.41 -4.53 -6.73 -5.67 -5.20 -5.59 -5.11 -5.89 -6.77 -7.16 -5.71 -5.54 -5.55 -5.04

YTDChange (%) -12.59 -16.00 -19.06 -8.43 -12.57 -11.83 -17.00 -11.72 -11.82 -12.18 -14.18 -12.10 -19.95 -12.03 -16.63 -16.65 -13.63

MER (%) 2.40 0.55 0.55 2.31 2.29 2.67 0.68 0.81 2.64 0.61 2.46 3.19 2.98 2.52 2.09 2.12 2.26

TotalAssets (M$) 53.76 46.21 77.72 346.02 57.78 565.72 5.79 22.76 1148.56 27.22

61.98 407.22 1.99 123.37

55 New Highs Altai Resource Altai Resource* Angkor Gold* Arbor Metals Arena Min Arena Min* AurCrest Gold AurCrest Gold* Bathurst Metal* Cassiar Gold Champion Bear Cruz Battery Cruz Battery* Currie Rose Rs Dajin Lithium* Dajin Res District Cop* Far Res* First Tellur* Frontier Lith

GLOBAL MINING NEWS · SINCE 1915

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

Sentinel Res* Sigma Lithium Sigma Lithium* Strongbow Expl Strongbow Expl* Suncor Energy Tantalex Res Universal Vent Usha Res Usha Res* Verde Potash Voyageur Min West High Yld Winshear Gold* 67 New Lows Almaden Min* Alpha Lithium* Angold Res Apex Res Arizona Gold Aura Minerals

Aurcana Silver Aurcana Silver* Blue Lagoon* BMEX Gold* Boreal Metals* Cartier Res Cobalt Block* Coeur Mng* Commerce Res Danakali* Ero Copper* Excellon Res* Excelsior Mng Fabled Silver* Fathom Nickel* Fortuna Silvr Fortuna Silvr* Galleon Gold Galleon Gold* Golden Mnls* Harfang Explor*

Heliostar Met* Horizonte Mnls* Idaho Champion Idaho Champion* Interra Copper Irving Res K2 Gold Kuya Silver* Laredo Res* Mantaro Prec Medallion Res* MegaWatt Lith* Namibia Crit Novo Res Olivut Res* Paramount Gold* Phenom Res Prosper Gold Pure Gold Mg Pure Gold Mg* QMC Quantum Ml

RTG Mining * Sibanye-Stillw* Sierra Metals Sierra Metals* Silver Bull Re Silver Bull Re* Silver Viper Silverstock Standard Graph* Steppe Gold Surge Copper Three Valley Tudor Gold * Uranium Res* Valorem Res Wallbridge Mng Wallbridge Mng* Winston Gold* World Copper

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

Graphano Egy Greenshield Ex Intl Battery Intl Battery* Intl Iconic Intl Iconic* Kiplin Metals* Lithium Amer Lithium Amer* Lynas Corp* Magna Gold* Mongoose Mg Murchison Min New Stratus North Am Nickl North Am Nickl* North Peak Res Nrthn Graphite Nrthn Graphite* Omai Gold* Secova Metals

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

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DECEMBER 6–19, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: NOVEMBER 22–26, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1111 Explor 1844 Resources 1911 Gold* 1911 Gold 55 North 79 Resources 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources AbraSilver Res AbraSilver Res* Academy Metals* Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res Adyton Res* AEX Gold Affinity Metal* African Gold* African Gold African Metals African Rainbo* Aftermath Silv* Agnico Eagle Agnico Eagle* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alerio Gold Alexandra Cap* Alexco Res* Alexco Res Alianza Min Alianza Min* Alien Metals* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper Allied Copper* Alma Gold Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining* Aloro Mining Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altaley Mining Altaley Mining* Altamira Gold* Altamira Gold Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls * Altius Mnrls Alto Ventures* Alto Ventures Altura Mining* Alturas Min Altus Strat* Altus Strat Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo American CuMo* American Eagle American Lith* American Lith American Mang* American Mang American Pac American Rare* AmericanSierra* Americas Silvr Americas Silvr* Amerigo Res Amerigo Res* Ameriwest Lith* Ameriwest Lith Amex Expl Amex Expl* AmmPower* AmmPower Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Anacortes Mg Andean Prec Andean Prec* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res Angold Res* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antler Hill Antofagasta* Apex Res * Apex Res Apogee Min Apollo Silver Apollo Silver* Appia Rare* Appia Rare Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res

C 97 V 19 O 183 V 228 C 790 C 302 C 199 O 255 V 1336 O 790 V 187 V 363 O 79 O 586 V 1247 V 2576 O 1757 O 0 V 23 C 304 V 91 O 506 V 331 V 676 C 136 V 490 O 14 V 719 O 20 V 26 O 0 O 170 V 784 V 21 O 2 O 1118 T 4324 N 8071 O 10 V 0 O 90 C 5 T 2532 N 9268 N 32121 O 62 V 109 C 268 O 621 X 4041 T 864 V 407 O 83 O 200 V 1096 O 240 V 118 D 2613 V 223 O 8 C 129 X 3594 T 249 O 56 V 57 O 30 T 161 O 274 V 41 V 4792 O 1 O 906 V 1882 V 1307 O 218 O 144 V 2216 V 507 O 442 O 78 V 343 V 5 V 124 V 257 O 146 O 173 T 540 O 1430 V 947 O 680 V 213 O 6 V 11 O 59 V 1462 O 813 V 1 O 612387 V 126 O 354 V 208 O 30 O 18 O 252 V 1390 V 547 O 825 V 267 O 2512 V 5984 O 1972 V 1294 C 978 O 0 O 2 T 830 X 2659 T 1483 O 605 O 4023 C 1664 V 138 O 73 O 1344 C 689 V 286 V 10 O 94 T 606 V 296 V 547 O 56 O 2021 V 4189 O 0 V 18 O 44 V 352 O 3 O 1021 T 27 O 0 N 9896 V 1500 O 80 O 11 V 42 O 56 V 86 O 17 V 52 V 0 O 1 O 26 V 278 V 0 V 1026 O 322 O 794 C 1333 O 1994 O 585 T 150 V 262 N 3977 C 3 V 0 V 5

0.07 0.08 0.27 0.34 0.04 0.12 0.11 0.05 0.06 0.08 0.10 0.11 0.09 0.05 0.06 0.44 0.35 0.00 0.58 1.00 0.06 0.04 0.02 0.07 2.05 0.98 0.75 0.06 0.06 0.60 0.00 0.10 0.14 0.08 14.00 0.41 68.22 53.84 0.18 0.00 0.33 0.33 10.34 8.17 51.34 0.55 0.69 0.33 0.30 2.18 2.75 0.08 0.06 0.01 0.35 0.29 0.40 11.19 0.27 0.20 0.07 0.37 0.47 0.25 0.33 0.83 1.05 0.05 0.06 1.43 0.32 0.84 1.05 0.11 0.09 0.09 0.10 0.42 0.34 0.20 0.23 0.02 0.14 0.29 0.24 13.58 17.25 0.27 0.35 0.01 0.03 0.94 1.20 5.40 0.10 0.08 0.08 0.00 0.13 0.11 0.24 0.19 0.02 0.17 0.22 0.05 0.04 0.16 4.64 5.90 0.67 0.78 1.30 0.00 0.09 1.19 0.94 1.37 1.08 0.95 1.20 3.03 2.35 0.47 0.55 0.06 0.12 0.58 0.75 1.81 1.49 1.16 0.09 0.12 0.00 0.02 0.08 0.10 38.96 19.62 2.25 0.00 20.82 0.17 0.14 0.80 0.98 0.03 0.04 0.18 0.23 0.00 19.78 0.07 0.09 0.00 0.71 0.63 0.50 0.62 0.02 0.09 0.11 2.78 83.50 1.25 0.00 0.20

0.07 0.00 0.24 0.29 0.04 0.11 0.10 0.04 0.05 0.07 0.00 0.10 0.08 0.04 0.05 0.40 0.31 0.00 0.42 0.90 0.00 0.04 0.01 0.00 1.76 0.92 0.74 0.06 0.06 0.00 0.00 0.09 0.12 0.00 13.90 0.30 65.03 51.12 0.18 0.00 0.26 0.33 9.80 7.68 45.82 0.53 0.65 0.21 0.23 2.01 2.57 0.00 0.05 0.00 0.32 0.25 0.00 9.95 0.22 0.20 0.05 0.32 0.40 0.24 0.00 0.73 0.93 0.04 0.00 1.18 0.32 0.75 0.96 0.08 0.07 0.07 0.07 0.38 0.30 0.17 0.20 0.00 0.00 0.27 0.21 12.07 15.35 0.23 0.28 0.01 0.00 0.91 1.10 5.16 0.07 0.06 0.00 0.00 0.00 0.09 0.00 0.18 0.00 0.14 0.18 0.00 0.03 0.13 4.01 5.11 0.50 0.64 1.14 0.00 0.00 1.07 0.84 1.23 0.97 0.75 0.94 2.83 2.20 0.40 0.50 0.00 0.00 0.55 0.69 1.50 1.32 1.05 0.07 0.09 0.00 0.00 0.07 0.09 0.00 17.62 2.02 0.00 19.55 0.13 0.14 0.74 0.92 0.03 0.00 0.00 0.00 0.00 18.55 0.00 0.06 0.00 0.65 0.51 0.36 0.46 0.01 0.07 0.10 2.49 76.16 0.00 0.00 0.00

0.07 unch 0.08 0.25 0.29 0.04 0.11 unch 0.11 0.04 0.06 unch 0.07 + 0.10 + 0.10 0.08 0.04 0.06 unch 0.41 0.31 0.45 unch 0.42 0.96 + 0.06 + 0.04 + 0.01 unch 0.06 2.01 + 0.97 + 0.75 0.06 0.06 unch 0.56 0.09 unch 0.09 0.13 0.08 + 13.90 unch 0.33 65.45 51.83 0.18 + 0.21 unch 0.27 0.33 unch 9.82 7.83 47.95 + 0.53 + 0.65 0.25 0.25 2.07 2.63 0.08 + 0.06 0.01 unch 0.33 0.26 0.32 10.41 + 0.24 0.20 + 0.06 0.34 0.43 0.24 + 0.32 + 0.73 0.93 0.04 0.06 unch 1.23 0.32 unch 0.79 0.98 0.09 + 0.09 + 0.08 0.07 0.39 0.30 0.17 0.20 0.02 + 0.14 + 0.27 0.22 + 12.13 15.42 0.24 0.30 0.01 0.03 unch 0.91 1.13 5.16 0.08 0.06 0.08 unch 0.00 0.12 0.09 + 0.23 0.18 0.02 0.17 + 0.20 0.05 + 0.03 + 0.14 4.39 5.58 0.52 0.66 1.22 0.13 unch 0.09 unch 1.09 0.85 1.25 0.98 0.79 0.97 2.93 2.29 0.41 0.53 0.06 0.12 unch 0.58 + 0.75 + 1.55 1.45 1.07 0.08 0.09 0.02 unch 0.02 0.08 + 0.10 unch 38.73 + 17.78 2.02 16.50 unch 19.85 0.14 0.14 unch 0.76 + 0.97 + 0.03 unch 0.04 0.14 unch 0.22 0.18 unch 18.55 0.07 + 0.07 0.13 unch 0.65 0.51 0.37 0.53 0.01 0.08 0.10 2.52 79.46 + 0.85 0.25 unch 0.20 unch

0.00 0.01 0.02 0.06 0.01 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.03 0.02 0.00 0.03 0.01 0.01 0.01 0.00 0.01 0.45 0.03 0.00 0.01 0.00 0.02 0.00 0.01 0.01 0.02 0.00 0.08 3.31 2.52 0.00 0.00 0.03 0.00 0.66 0.44 0.35 0.02 0.01 0.10 0.03 0.02 0.04 0.01 0.00 0.00 0.03 0.04 0.08 0.18 0.01 0.00 0.02 0.03 0.05 0.00 0.02 0.06 0.08 0.01 0.00 0.12 0.00 0.02 0.06 0.01 0.02 0.01 0.03 0.03 0.03 0.02 0.03 0.01 0.02 0.01 0.01 0.46 0.50 0.04 0.04 0.00 0.00 0.03 0.02 0.19 0.03 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.00 0.02 0.13 0.14 0.10 0.12 0.02 0.00 0.00 0.13 0.09 0.09 0.07 0.06 0.11 0.07 0.07 0.02 0.01 0.01 0.00 0.02 0.05 0.30 0.04 0.10 0.02 0.03 0.00 0.01 0.00 0.00 0.86 1.35 0.15 0.00 0.90 0.02 0.00 0.03 0.02 0.00 0.01 0.00 0.01 0.00 0.32 0.06 0.02 0.00 0.06 0.05 0.12 0.08 0.00 0.01 0.01 0.11 1.63 0.01 0.00 0.00

0.15 0.11 0.59 0.72 0.23 0.25 0.16 0.11 0.11 0.18 0.24 0.19 0.15 0.07 0.09 0.82 0.68 0.45 3.00 1.34 0.12 0.10 0.04 0.16 2.09 1.34 1.06 0.40 0.07 1.00 0.21 0.24 0.20 0.18 18.00 1.37 97.21 76.69 0.53 0.67 0.79 0.45 12.63 9.87 57.57 0.70 0.74 0.49 1.45 3.45 4.38 0.25 0.19 0.02 0.56 0.46 1.15 12.90 0.68 0.44 0.23 1.20 1.52 0.27 0.33 1.07 1.30 0.13 0.08 1.58 0.50 0.85 1.07 0.11 0.09 0.13 0.19 0.80 0.79 0.42 0.47 0.05 0.22 0.50 0.36 16.00 19.39 0.37 0.43 0.50 0.05 1.29 1.66 6.99 0.15 0.12 0.10 0.01 0.20 0.16 0.37 0.30 0.08 0.35 0.44 0.10 0.08 0.40 5.00 6.25 2.25 2.86 1.32 0.15 0.29 4.40 3.46 1.61 1.35 1.00 1.25 4.19 3.26 1.90 2.15 0.12 0.26 0.85 1.05 2.50 2.03 1.44 0.18 0.23 0.03 0.04 0.08 0.12 49.42 24.75 2.90 25.10 26.77 0.53 0.34 1.25 1.28 0.06 0.07 0.55 0.30

0.06 0.05 0.22 0.28 0.04 0.10 0.08 0.04 0.05 0.06 0.08 0.09 0.07 0.03 0.04 0.30 0.23 0.45 0.42 0.31 0.05 0.04 0.01 0.05 0.15 0.80 0.62 0.06 0.06 0.44 0.08 0.01 0.11 0.06 13.90 0.29 62.28 49.20 0.14 0.19 0.26 0.15 8.83 6.94 17.30 0.25 0.33 0.18 0.14 1.41 1.81 0.07 0.05 0.01 0.23 0.18 0.20 4.17 0.22 0.20 0.04 0.32 0.40 0.14 0.20 0.40 0.58 0.01 0.04 0.45 0.25 0.19 0.23 0.06 0.05 0.02 0.02 0.16 0.14 0.11 0.15 0.01 0.10 0.20 0.19 8.26 10.87 0.08 0.09 0.00 0.01 0.69 0.89 4.44 0.05 0.04 0.03 0.00 0.05 0.03 0.20 0.16 0.01 0.13 0.16 0.03 0.02 0.10 0.85 1.08 0.14 0.19 0.13 0.13 0.01 0.85 0.68 0.60 0.46 0.53 0.14 2.07 1.65 0.33 0.41 0.04 0.11 0.39 0.50 1.50 0.92 0.77 0.04 0.06 0.01 0.02 0.04 0.05 30.05 14.69 2.02 15.45 14.57 0.13 0.14 0.43 0.54 0.03 0.04 0.08 0.09

27.80 0.13 0.09 0.14 1.15 1.00 1.00 1.22 0.14 0.11 0.14 2.78 105.58 1.25 0.40 0.38

16.28 0.01 0.06 0.10 0.38 0.33 0.22 0.33 0.01 0.04 0.06 1.70 33.23 0.08 0.17 0.14

(100s) Stock ArcPacific Res* ArcPacific Res Arctic Star* Arctic Star Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Argentina Lith* Argentina Lith Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko AsiaBaseMetals Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Cop Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Gold* Athena Gold Atico Mining* Atico Mining Atlas Salt* Atlas Salt Aton Resources* Aton Resources Augusta Gold* Augusta Gold Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avidian Gold Avidian Gold* Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc* Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azucar Min Azucar Min*

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

35 969 124 2631 30 240 25 3177 12775 576 1219 3 315 1 762 3625 870 640 138 3627 3637 1760 929 230 598 16 38 991 1 639 0 25 228 1233 890 0 0 1309 1951 244 313 38 1501 29 5 75 69 0 187 147 316 2455 8 4 60 100 149 11 157 283 14627 12117 4274 410 103 22 108 635 129 509 2 5 1461 0 65 256 44 385 665 1079 334 39 2444 336 166 10 1154 1 12 16 5 42 2496 304 267 57 2636 7682 81 94 68 54

Week Last

12-month

High

Low

Change

0.05 0.06 0.05 0.06 0.04 0.09 0.09 0.52 0.66 0.43 0.55 0.18 0.11 0.10 3.03 3.79 0.62 0.47 1.68 0.06 0.08 5.23 4.15 0.19 0.24 0.62 5.88 7.50 0.99 1.35 0.00 0.19 0.25 1.41 1.13 0.00 0.00 0.06 0.07 0.09 0.11 0.49 0.02 7.10 0.14 0.21 0.21 0.00 0.41 0.52 1.08 1.40 0.16 0.20 1.11 1.50 11.50 8.91 1.11 1.47 0.67 0.54 0.39 0.28 0.34 0.26 0.93 1.17 0.06 0.12 1.04 0.13 0.02 0.00 0.07 0.10 1.19 1.53 0.09 0.12 0.10 0.09 1.01 1.27 0.09 0.07 0.03 0.04 0.07 8.10 0.05 0.06 0.69 0.56 1.65 1.26 0.07 0.09 0.29 0.24 0.10 0.08

0.04 0.04 0.05 0.05 0.04 0.05 + 0.06 0.06 0.00 0.04 0.00 0.09 0.09 0.09 unch 0.41 0.44 0.52 0.53 0.36 0.37 0.46 0.48 0.00 0.18 0.10 0.10 0.08 0.08 2.75 2.83 3.51 3.56 0.52 0.53 0.40 0.43 + 1.45 1.50 0.05 0.06 0.07 0.07 4.78 4.95 3.75 3.98 + 0.00 0.16 0.19 0.20 0.00 0.62 + 5.44 5.60 6.82 7.14 0.00 0.99 1.19 1.34 + 0.00 0.70 unch 0.19 0.19 + 0.00 0.24 + 1.26 1.26 0.98 1.00 0.00 0.03 unch 0.00 0.20 unch 0.05 0.05 0.06 0.06 0.08 0.08 0.10 0.10 0.48 0.48 0.01 0.01 0.00 7.10 + 0.14 0.14 0.00 0.20 0.00 0.20 + 0.00 0.30 unch 0.39 0.39 0.48 0.48 0.91 0.97 1.20 1.27 0.00 0.16 0.00 0.18 1.03 1.07 + 1.31 1.40 + 10.57 10.95 0.00 8.55 0.92 0.93 1.17 1.17 0.35 0.37 0.27 0.28 0.29 0.34 + 0.24 0.28 + 0.00 0.29 0.24 0.24 0.82 0.82 1.02 1.07 0.00 0.04 0.11 0.11 0.80 1.04 + 0.11 0.11 0.02 0.02 + 0.00 0.08 unch 0.06 0.06 0.08 0.08 1.05 1.10 1.28 1.40 unch 0.08 0.09 0.11 0.11 0.00 0.09 0.09 0.09 unch 0.87 0.90 1.10 1.15 0.00 0.08 unch 0.06 0.06 0.00 0.03 unch 0.04 0.04 unch 0.00 0.07 + 7.69 7.71 0.04 0.04 + 0.00 0.06 + 0.58 0.61 0.45 0.46 1.37 1.51 1.09 1.16 0.05 0.06 0.07 0.07 0.27 0.27 0.21 0.22 + 0.00 0.09 0.07 0.07 -

0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.04 0.07 0.02 0.01 0.01 0.01 0.02 0.19 0.24 0.02 0.00 0.14 0.01 0.01 0.02 0.06 0.03 0.04 0.06 0.28 0.25 0.11 0.02 0.00 0.00 0.01 0.12 0.08 0.00 0.00 0.00 0.01 0.01 0.01 0.03 0.00 0.23 0.02 0.01 0.05 0.00 0.01 0.02 0.21 0.12 0.01 0.01 0.02 0.04 0.55 0.52 0.16 0.22 0.30 0.25 0.05 0.04 0.06 0.03 0.11 0.08 0.02 0.02 0.04 0.02 0.00 0.00 0.00 0.02 0.02 0.00 0.00 0.01 0.01 0.00 0.12 0.14 0.00 0.01 0.00 0.00 0.01 0.25 0.00 0.01 0.06 0.06 0.07 0.09 0.01 0.02 0.01 0.00 0.01 0.01

Stock

0.52 0.25 0.24 0.29 0.04 0.13 0.11 0.52 0.66 0.77 0.96 0.35 0.26 0.19 3.23 4.09 0.66 0.53 3.29 0.12 0.15 5.79 4.59 0.33 0.41 0.80 6.21 7.88 1.20 1.50 0.70 0.55 0.34 1.63 1.33 0.06 0.25 0.06 0.09 0.20 0.26 0.65 0.05 7.20 0.27 0.34 0.23 0.30 0.65 0.78 1.87 1.67 0.24 0.33 2.79 3.60 17.50 14.31 3.12 3.99 1.25 0.99 0.39 0.28 0.80 0.51 1.00 1.24 0.10 0.22 1.05 0.50 0.04 0.12 0.40 0.24 1.50 1.85 0.25 0.36 0.30 0.40 2.82 3.60 0.15 0.16 0.12 0.07 0.09 9.44 0.12 0.17 0.80 0.63 2.49 1.98 0.14 0.18 0.52 0.41 0.18 0.14

Black Tusk Res Black Tusk Res* Blackrock Silv* Blackrock Silv Blackwolf Cop Blackwolf Cop* Blind Creek Blue Lagoon* Blue Lagoon Blue Moon* Blue Moon Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt BlueBird Batt* Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* Bold Ventures* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals Boreal Metals* Borneo Res Inv* Boundary Gold* Boundary Gold Brascan Gold Bravada Gold Bravada Gold* Braveheart Res Braveheart Res* Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals Brixton Metals* Brookmount Exp* Brunswick Expl BTU Metals* BTU Metals Buenaventura* Buffalo Coal Buffalo Coal * Bullet Explor Bullion Gold* Bunker Hill Burrell Res Bushveld Min* BWR Explor

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

C2C Gold* C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cadence Min* Caledonia Mng* Calibre Mng* Calibre Mng Califfi Cap Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Camrova Res Canada Carbon* Canada Carbon Canada Nickel Canada Nickel* Canada One Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv Canagold Res* Canagold Res CanAlaska Uran CanAlaska Uran* Canamera Energ Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev* Cantex Mn Dev Canuc Res* Canuc Res Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps Cdn Goldcamps* CDN Maverick* Cdn Palladium Cdn Palladium* Centamin Centerra Gold Central Afric Central Afric* Central Iron Centurion Mnls Century Cobalt* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear

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

0.04 0.05 0.02 0.03 0.03 0.06 0.05 0.01 0.02 0.04 0.07 0.15 0.10 0.09 1.50 1.90 0.17 0.13 1.25 0.05 0.07 0.63 0.61 0.13 0.17 0.55 3.40 4.86 0.06 0.08 0.46 0.07 0.09 0.84 0.67 0.02 0.13 0.03 0.04 0.08 0.10 0.48 0.01 3.48 0.09 0.13 0.04 0.20 0.35 0.43 0.48 0.08 0.00 0.16 0.92 1.11 10.57 8.38 0.93 1.16 0.35 0.27 0.07 0.05 0.22 0.18 0.43 0.65 0.04 0.06 0.17 0.01 0.01 0.08 0.05 0.08 0.00 0.26 0.08 0.08 0.08 0.07 0.77 0.98 0.06 0.06 0.03 0.04 0.05 2.11 0.04 0.04 0.19 0.14 0.78 0.60 0.02 0.02 0.25 0.20 0.07 0.06

B B2Gold Corp* B2Gold Corp Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Egy* Banyan Gold Banyan Gold* Barksdale Res* Barksdale Res Baroyeca Gold Baroyeca Gold* Barrick Gold Barrick Gold* Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Basin Uranium Batero Gold Batero Gold* Bathurst Met Bathurst Metal* Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res* BCM Res BE Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benton Res Benton Res* Benz Mining Benz Mining* Bessor Min Bessor Min* Bird River Res Bitterroot Res* Bitterroot Res Black Dragon* Black Hills* Black Iron* Black Iron Black Mammoth Black Mountain Black Mountain*

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

33826 24636 30 1307 0 4333 4066 2777 583 438 117 301 372 125 13743 73955 7 13 681 290 446 978 51 1007 13 382 3 45 321 1081 0 82 216 0 403 312 3 294 131 40 304 2 94 344 1423 25 141 96 679 221 206 406 223 14 27 9 105 111 299 3 1157 244 1305 1 190 30

4.37 5.53 0.16 0.04 0.00 0.14 0.12 0.25 0.35 0.29 0.28 0.36 0.32 0.26 25.37 20.03 0.51 0.53 0.13 0.10 0.92 1.19 0.87 0.08 0.06 0.13 0.09 0.48 0.10 0.13 0.00 0.15 0.18 0.00 1.50 1.27 0.22 0.37 0.29 0.13 0.15 0.12 0.06 0.74 0.62 0.22 0.28 0.87 1.10 0.45 0.18 0.14 0.68 0.50 0.06 0.06 0.15 0.07 0.10 0.03 67.42 0.22 0.28 0.00 0.32 0.26

3.99 4.06 5.06 5.09 0.16 0.16 unch 0.04 0.04 unch 0.00 0.13 unch 0.09 0.09 0.07 0.07 0.20 0.21 0.32 0.33 0.25 0.29 0.26 0.26 0.32 0.34 0.27 0.28 0.23 0.23 24.32 24.44 19.22 19.38 0.35 0.35 0.00 0.52 0.11 0.11 0.08 0.09 0.75 0.79 0.93 1.02 0.00 0.69 0.00 0.07 0.06 0.06 0.00 0.13 0.09 0.09 unch 0.44 0.45 0.09 0.09 0.10 0.10 0.00 0.13 unch 0.12 0.12 0.15 0.15 0.00 0.20 unch 1.29 1.33 1.03 1.06 0.00 0.22 + 0.30 0.30 0.24 0.26 0.00 0.12 0.13 0.14 0.12 0.12 + 0.00 0.06 0.65 0.67 0.51 0.52 0.22 0.22 0.00 0.25 0.82 0.84 1.01 1.07 unch 0.44 0.45 + 0.16 0.17 0.12 0.13 0.57 0.61 0.00 0.50 0.00 0.06 0.04 0.04 0.14 0.15 + 0.07 0.07 0.08 0.09 0.03 0.03 unch 64.54 64.98 0.20 0.20 0.23 0.25 0.00 0.11 unch 0.00 0.31 + 0.20 0.20 -

0.35 0.48 0.00 0.00 0.00 0.05 0.04 0.03 0.03 0.01 0.03 0.03 0.02 0.03 1.18 0.87 0.07 0.01 0.02 0.01 0.13 0.16 0.11 0.01 0.00 0.01 0.00 0.02 0.01 0.02 0.00 0.02 0.02 0.00 0.13 0.10 0.01 0.04 0.02 0.02 0.01 0.02 0.01 0.06 0.06 0.00 0.02 0.01 0.00 0.02 0.01 0.01 0.06 0.04 0.01 0.02 0.03 0.01 0.01 0.00 0.26 0.03 0.03 0.00 0.01 0.06

(100s)

High Low

6.04 7.67 0.20 0.16 0.44 0.71 1.12 0.33 0.38 0.35 0.57 0.70 0.42 0.49 31.85 25.37 0.66 0.82 0.22 0.17 1.23 1.54 1.08 0.16 0.13 0.26 0.09 0.90 0.25 0.26 0.15 0.22 0.30

3.30 4.21 0.13 0.04 0.08 0.09 0.07 0.03 0.17 0.10 0.26 0.32 0.16 0.12 22.30 17.56 0.30 0.38 0.06 0.05 0.31 0.40 0.56 0.06 0.05 0.09 0.09 0.39 0.06 0.08 0.06 0.04 0.06

3.37 2.65 0.37 0.44 0.35 0.44 0.45 0.32 0.11 1.20 0.94 0.39 0.50 1.36 1.64 0.50 0.25 0.37 1.40 1.10 0.09 0.07 0.26 0.19 0.25 0.10 72.78 0.62 0.76 0.26 0.75 0.51

0.92 0.74 0.15 0.14 0.11 0.10 0.12 0.09 0.05 0.39 0.32 0.20 0.23 0.73 0.93 0.31 0.14 0.10 0.57 0.45 0.04 0.03 0.08 0.04 0.06 0.02 57.02 0.09 0.13 0.09 0.28 0.22

Exc Volume

Week High

Low

Last

4626 345 1540 1011 82 16 428 457 638 100 753 6 121 968 1867 360 1535 347 35 523 436 29 474 46 12 88 9 122 9642 662 206 289 480 4434 50 1 19 923 1203 599 521 31 32751 59 675 360 444 1175 1161 14 86 14 666 6138 293 2 29 8 422 1 92 776

0.04 0.03 0.87 1.09 0.70 0.55 0.09 0.37 0.47 0.04 0.05 0.01 0.01 0.23 0.27 0.59 0.04 0.07 0.06 0.15 1.73 1.35 0.16 0.12 0.07 0.11 0.24 0.28 0.01 0.07 1.40 0.16 0.13 0.00 0.02 0.00 0.50 0.05 0.04 0.08 0.06 0.09 0.01 0.04 0.06 0.04 0.05 0.20 0.17 0.38 0.15 0.08 0.10 6.99 0.03 0.03 0.08 0.06 0.26 0.00 0.14 0.03

0.03 0.02 0.73 0.88 0.00 0.00 0.07 0.32 0.39 0.04 0.05 0.00 0.01 0.15 0.19 0.44 0.04 0.06 0.06 0.13 1.66 1.31 0.13 0.11 0.07 0.00 0.22 0.22 0.01 0.06 1.27 0.14 0.00 0.00 0.02 0.00 0.43 0.05 0.03 0.08 0.06 0.06 0.01 0.03 0.05 0.02 0.03 0.18 0.14 0.34 0.00 0.07 0.09 6.26 0.00 0.03 0.00 0.01 0.21 0.00 0.12 0.00

0.04 0.03 0.74 0.90 0.63 0.50 0.08 0.33 0.42 0.04 0.05 0.01 0.01 0.17 0.22 0.59 0.04 0.06 0.06 0.13 1.70 1.33 0.16 0.11 0.07 0.10 0.22 0.28 0.01 0.06 1.30 0.14 0.10 0.00 0.02 0.03 0.45 0.05 0.04 0.08 0.06 0.06 0.01 0.03 0.05 0.04 0.04 0.18 0.14 0.35 0.15 0.07 0.09 6.94 0.03 0.03 0.07 0.06 0.25 0.22 0.12 0.03

194 10 622 140 464 0 131 418 2423 50 58 35 22707 5578 551 0 2 0 10 464 3161 382 0 425 317 4815 1707 68 0 82 42 359 287 1849 587 250 242 2 54 720 22 848 60 54 3 0 5 248 487 60 148 4 320 14 27 156 341 498 47 6781 75 255 90 67 58 903 656 327 2241 108 0 1635 38 1673 0 39 6732 274 3 25 1 0 0 457 708 112 2395 186 7 69 0 76 4 329 11 680 11 98 0 504 652 955 878 12 250 84

0.21 0.15 0.19 0.37 0.42 0.00 13.70 1.25 1.57 0.13 2.36 2.99 26.18 33.27 0.10 0.00 0.02 0.00 0.06 0.08 3.91 2.86 0.00 0.07 0.06 0.23 0.17 0.20 0.35 0.40 0.05 0.36 0.46 0.57 0.46 0.40 0.13 0.32 0.44 0.19 0.06 0.08 0.10 0.13 0.13 0.00 0.12 0.24 0.30 0.20 0.27 0.31 0.39 0.14 0.20 0.07 0.10 0.23 0.18 6.20 0.10 0.13 0.06 0.04 0.04 0.03 0.10 0.15 0.18 0.16 0.00 0.03 0.03 1.01 0.00 0.02 0.05 0.04 0.36 0.44 0.90 0.00 0.00 0.07 0.05 1.68 9.92 0.14 0.11 0.06 0.00 0.03 0.20 1.79 0.24 0.29 0.03 0.02 0.00 0.18 0.23 0.36 0.29 7.22 0.10 0.15

12-month Change

High Low

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

0.00 0.00 0.08 0.16 0.02 0.02 0.01 0.03 0.05 0.01 0.01 0.01 0.00 0.04 0.05 0.07 0.00 0.01 0.01 0.01 0.00 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.07 0.01 0.02 0.00 0.00 0.00 0.05 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.14 0.01 0.00 0.01 0.05 0.01 0.00 0.00 0.01

0.09 0.08 1.03 1.22 1.51 1.75 0.17 0.72 0.89 0.08 0.09 0.03 0.02 0.29 0.37 1.05 0.15 0.33 0.26 0.24 2.16 1.71 0.81 0.65 0.11 0.16 0.47 0.70 0.04 0.21 1.54 0.33 0.23 0.02 0.07 0.09 0.65 0.19 0.15 0.16 0.12 0.55 0.10 0.23 0.30 0.13 0.07 0.35 0.28 1.05 0.29 0.19 0.20 13.28 0.06 0.04 0.45 0.20 0.61 0.53 0.60 0.08

0.02 0.01 0.49 0.62 0.56 0.00 0.07 0.32 0.39 0.03 0.04 0.01 0.00 0.08 0.10 0.44 0.04 0.06 0.05 0.11 1.28 1.01 0.13 0.11 0.04 0.05 0.18 0.22 0.00 0.05 0.94 0.14 0.11 0.00 0.02 0.03 0.16 0.05 0.03 0.07 0.05 0.06 0.00 0.03 0.05 0.01 0.00 0.13 0.10 0.24 0.13 0.05 0.07 6.11 0.01 0.00 0.07 0.01 0.17 0.20 0.02 0.03

0.18 0.19 + 0.00 0.15 unch 0.17 0.19 + 0.30 0.31 0.37 0.41 0.00 0.30 unch 12.55 12.80 1.11 1.13 1.41 1.43 0.00 0.13 2.12 2.12 2.71 2.72 23.40 24.08 29.92 30.96 0.09 0.09 0.00 0.08 unch 0.00 0.01 0.00 0.07 unch 0.05 0.06 0.07 0.07 unch 3.24 3.67 + 2.42 2.83 + 0.00 0.12 unch 0.06 0.07 unch 0.05 0.05 + 0.17 0.19 + 0.14 0.15 + 0.14 0.15 0.35 0.35 unch 0.00 0.39 0.00 0.05 0.32 0.33 0.41 0.42 0.47 0.48 0.36 0.37 0.40 0.40 unch 0.12 0.13 0.32 0.32 0.00 0.41 + 0.16 0.18 unch 0.05 0.06 + 0.07 0.07 unch 0.10 0.10 unch 0.00 0.12 0.00 0.13 + 0.00 0.20 unch 0.12 0.12 0.20 0.22 0.25 0.25 0.19 0.19 0.00 0.27 0.00 0.31 + 0.34 0.35 0.00 0.14 unch 0.00 0.19 + 0.07 0.07 unch 0.09 0.09 0.00 0.23 unch 0.17 0.17 5.49 5.91 + 0.00 0.07 0.00 0.12 0.00 0.06 unch 0.00 0.04 + 0.00 0.04 0.03 0.03 unch 0.09 0.09 0.12 0.15 + 0.15 0.15 0.00 0.15 0.00 0.12 unch 0.03 0.03 unch 0.00 0.02 0.75 0.76 0.00 0.09 unch 0.00 0.02 unch 0.04 0.05 unch 0.04 0.04 0.30 0.33 0.42 0.43 unch 0.00 0.90 unch 0.00 0.46 unch 0.00 0.18 unch 0.06 0.06 0.05 0.05 1.58 1.63 9.05 9.18 0.11 0.12 0.01 0.01 0.00 0.06 unch 0.00 0.07 unch 0.03 0.03 unch 0.00 0.20 + 1.63 1.65 0.22 0.22 0.24 0.27 0.03 0.03 unch 0.02 0.02 unch 0.00 0.60 unch 0.16 0.16 0.20 0.20 0.31 0.32 0.24 0.25 6.63 6.63 0.09 0.10 unch 0.00 0.15 +

0.01 0.00 0.01 0.02 0.01 0.00 0.73 0.11 0.15 0.02 0.20 0.28 1.21 1.05 0.01 0.00 0.01 0.00 0.00 0.00 0.60 0.42 0.00 0.00 0.00 0.01 0.00 0.03 0.00 0.02 0.02 0.03 0.03 0.09 0.08 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.04 0.03 0.06 0.02 0.01 0.01 0.04 0.00 0.01 0.00 0.01 0.00 0.01 0.38 0.02 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.03 0.03 0.00 0.00 0.01 0.08 0.00 0.00 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.10 0.67 0.01 0.09 0.00 0.00 0.00 0.01 0.13 0.01 0.02 0.00 0.00 0.00 0.01 0.02 0.05 0.03 0.76 0.00 0.01

0.48 0.19 0.25 0.69 0.88 0.47 18.58 2.40 2.61 0.21 5.26 6.50 28.49 35.47 0.30 0.22 0.12

0.08 0.05 0.07 0.27 0.34 0.27 11.28 0.92 1.26 0.11 1.65 2.09 9.78 12.66 0.09 0.07 0.01

0.22 0.28 4.54 3.68 0.12 0.22 0.18 0.77 0.60 0.45 0.53 0.60 0.13 0.78 0.95 0.84 0.68 0.50 0.18 0.52 0.68 0.27 0.07 0.09 0.16 0.22 0.31 0.24 0.17 0.51 0.61 0.37 0.50 0.81 1.15 0.32 0.40 0.10 0.12 0.42 0.35 6.64 0.11 0.14 0.09 0.07 0.18 0.04 0.19 0.31 0.37 0.35 0.27 0.20 0.05 1.01 0.17 0.04 0.10 0.15 1.18 0.63 3.00 2.14 1.00 0.19 0.16 2.37 16.00 0.28 0.21 0.10

0.00 0.07 1.83 1.20 0.04 0.06 0.04 0.17 0.13 0.08 0.12 0.14 0.04 0.31 0.13 0.23 0.16 0.25 0.09 0.32 0.36 0.08 0.02 0.05 0.07 0.09 0.10 0.13 0.00 0.15 0.19 0.17 0.21 0.30 0.34 0.13 0.15 0.04 0.07 0.20 0.11 1.80 0.02 0.04 0.05 0.04 0.04 0.02 0.08 0.13 0.15 0.13 0.07 0.03 0.02 0.35 0.07 0.01 0.03 0.00 0.25 0.10 0.38 0.46 0.15 0.06 0.05 1.54 8.21 0.11 0.09 0.04

0.15 0.40 1.89 0.34 0.47 0.04 0.04

0.01 0.14 0.93 0.19 0.23 0.01 0.02

0.49 0.62 0.64 0.52 7.69 0.11 0.15

0.09 0.12 0.28 0.22 2.35 0.05 0.08

(100s) Stock

Exc Volume

Champion Iron* Champion Iron Chatham Rock Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Churchill Res Cipher Mining* Cirrus Gold Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleveland-Clif* Cliffmont Res Clydesdale Res CMC Metals* CMC Metals CMX Gold & Sil CNRP Mng Coast Copper Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Collective Mg* Colombia Crest* Colombia Crest Colonial Coal Comet Inds Commander Res* Commander Res Commerce Res Commerce Res* Compass Gold* Compass Gold Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Conquest Res Conquest Res * Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold CoTec Holdings Crest Resource Crest Resource* Crestview Expl Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery Currie Rose Rs CWN M’g Acq Cyntar Venture Cypress Dev* Cypress Dev

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

176 3278 66 35 53 47467 31 0 543 64 91 212 2781 0 183 466 433 1488 1 0 72370 1 0 608 1355 65 746 68 136 1363 18770 159 395 9 33 2193 698 2 85 132 393 24 5 212 3792 21 8 3 30 51 160 587 282 178 647 277 1532 11286 1061 582 80 1529 569 133 154 42 367 596 348 4308 1060 405 364 2 4 882 75 4 77 48 1185 335 1224 4 302 41 55 234 928 2 487 91 51 2043 4734 7054 0 527 1436 2004

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold Desert Gold* Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Silv Discovery Silv* Discovery-Corp District Cop* District Cop District Metal* District Metal District Mines Dixie Gold DLP Resouces DLP Resouces* Dolly Vard Sil Dolly Vard Sil* Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res Duro Metals DV Resources Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E2Gold Inc* E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains Earl Res East Africa East Africa * Eastern Platin*

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

253 215 353 1717 130 2361 605 114 1365 1650 1460 2024 1356 1118 131 663 22503 52024 323 39 537 160 599 694 0 697 873 1781 1302 1100 7 12 187 145 1362 56 185 100 41 469 700 118 140 161 788 1666 250 116 0 34 210 31 46 21 25 562 121 408 1198 149 338 16 93 153 0 65 0 9

Week High

Low

Last

12-month Change

+ 3.01 3.22 3.35 + 3.79 4.15 4.28 0.10 0.10 0.13 2.59 2.56 2.82 3.24 3.25 3.67 + 118.00 111.85 114.51 0.00 0.23 unch 0.23 0.00 0.16 unch 0.00 0.14 0.15 0.18 0.11 0.11 0.15 3.12 3.12 3.26 0.28 0.31 0.40 7.22 7.50 8.48 0.00 0.17 unch 0.00 0.16 0.19 0.21 0.24 0.25 0.27 0.10 0.11 0.15 0.22 0.23 0.24 0.00 0.18 0.19 0.00 0.17 unch 0.00 23.28 21.32 21.84 0.00 0.09 unch 0.00 0.00 0.05 unch 0.00 + 0.07 0.08 0.08 0.10 0.11 0.12 0.00 0.08 unch 0.10 + 0.28 0.35 0.35 0.00 0.14 0.16 0.03 0.03 0.04 0.04 0.04 0.05 5.58 5.73 6.39 0.08 0.09 0.10 0.11 0.11 0.12 2.25 2.26 2.26 + 0.23 0.29 0.30 + 0.31 0.34 0.40 2.71 2.87 3.55 0.00 3.15 unch 3.15 0.10 0.11 0.12 0.13 0.13 0.15 + 0.00 0.23 0.24 + 0.17 0.17 0.17 0.11 0.11 0.13 + 0.00 0.14 0.14 1.65 1.74 1.87 + 0.08 0.08 0.08 0.00 0.06 0.07 0.49 0.49 0.49 0.58 0.58 0.64 0.12 0.12 0.14 0.15 0.15 0.17 0.00 0.08 0.09 0.06 0.06 0.07 1.97 2.09 2.35 2.52 2.70 2.99 0.00 0.11 0.11 + 24.94 21.34 23.13 + 14.66 13.87 14.20 + 0.43 0.48 0.52 + 0.56 0.61 0.62 0.03 0.04 0.04 0.05 0.05 0.06 0.03 0.05 0.07 0.00 1.18 1.44 0.89 0.89 1.15 0.18 0.18 0.21 0.22 0.23 0.28 0.07 0.07 0.09 2.51 2.67 2.96 + 3.50 3.29 3.78 0.06 0.08 0.11 0.63 0.68 0.81 0.50 0.51 0.63 0.50 0.50 unch 0.50 0.00 0.65 0.65 0.20 0.20 0.26 + 4.05 4.38 4.38 3.26 3.36 3.55 0.49 0.50 0.56 0.00 0.60 0.71 0.09 0.10 0.11 3.10 3.17 3.23 4.05 4.05 4.08 0.00 0.55 0.55 0.00 0.11 0.13 0.08 0.08 0.09 + 0.33 0.33 0.35 1.28 1.30 1.41 1.61 1.68 1.76 + 0.10 0.10 0.10 0.12 0.12 0.13 0.00 0.10 0.11 0.08 0.08 0.09 0.22 0.24 0.27 0.28 0.29 0.34 + 0.00 0.07 0.15 0.00 0.08 unch 0.00 + 0.00 0.75 0.81 1.56 1.62 1.88 1.99 2.08 2.37

High Low

5.82 2.94 0.23 7.24 3.71 0.41 0.20 0.07 0.01 4.75 2.50 0.18 6.05 3.15 0.25 2.60 118.08 83.53 0.46 0.13 0.00 0.36 0.10 0.00 0.55 0.12 0.03 0.40 0.09 0.04 4.47 1.72 0.18 0.44 0.17 0.13 0.73 15.39 5.13 0.25 0.12 0.00 1.48 0.15 0.02 1.82 0.23 0.02 1.11 0.10 0.04 0.49 0.17 0.01 0.39 0.00 0.02 0.17 0.08 0.00 0.11 26.51 10.12 0.23 0.08 0.00 0.08 0.05 0.00 0.21 0.03 0.00 0.27 0.08 0.01 0.10 0.08 0.00 0.82 0.25 0.04 0.20 0.09 0.02 0.14 0.03 0.00 0.17 0.04 0.01 0.67 12.60 5.86 0.16 0.05 0.01 0.17 0.06 0.02 3.50 1.89 0.14 0.35 0.08 0.06 0.44 0.10 0.02 3.73 0.50 0.53 4.00 2.00 0.00 0.21 0.10 0.01 0.32 0.13 0.03 0.50 0.19 0.02 0.39 0.16 0.01 0.21 0.11 0.02 0.30 0.11 0.01 9.85 0.95 0.09 0.14 0.08 0.01 0.12 0.03 0.01 0.79 0.42 0.01 1.20 0.57 0.04 0.26 0.00 0.02 0.33 0.11 0.03 0.21 0.07 0.01 0.20 0.05 0.01 2.67 0.46 0.20 3.29 0.53 0.23 0.28 0.09 0.01 0.36 36.23 5.11 0.26 16.08 8.82 0.54 0.13 0.01 0.67 0.16 0.02 0.12 0.03 0.00 0.16 0.05 0.01 0.25 0.01 0.02 1.57 0.11 0.27 1.24 0.11 0.26 0.53 0.11 0.02 0.66 0.15 0.03 0.10 0.02 0.02 4.20 1.01 0.07 5.07 1.37 0.04 0.60 0.03 0.02 0.84 0.21 0.12 0.70 0.15 0.12 1.28 0.01 0.00 1.62 0.54 0.03 0.39 0.07 0.05 5.73 3.40 0.07 4.60 2.55 0.06 0.87 0.13 0.02 1.10 0.18 0.05 0.20 0.09 0.02 3.30 1.71 0.04 4.15 2.17 0.02 0.68 0.09 0.06 0.29 0.09 0.02 0.25 0.07 0.02 2.53 0.31 0.01 1.65 0.52 0.09 1.98 0.66 0.09 1.22 0.01 0.01 0.41 0.12 0.01 0.36 0.07 0.01 0.29 0.06 0.01 0.27 0.03 0.00 0.34 0.04 0.01 0.15 0.03 0.03 0.09 0.05 0.00 0.99 0.50 0.06 2.13 0.42 0.20 2.61 0.54 0.22

D-F 1.06 1.31 0.07 0.09 0.35 0.05 0.03 0.06 0.08 0.05 0.26 0.33 0.55 0.45 0.05 0.65 2.24 1.77 0.15 0.14 2.01 0.05 0.41 0.31 0.00 0.08 0.03 0.05 1.98 1.57 0.11 0.15 0.20 0.22 0.30 0.22 0.23 0.20 0.18 0.65 0.53 0.84 0.33 0.25 9.45 8.93 0.04 0.05 0.00 0.10 3.19 2.53 1.68 0.17 0.13 0.16 0.12 2.25 2.83 0.89 1.13 0.12 0.15 0.16 0.00 0.26 0.00 0.25

0.70 0.89 0.06 0.07 0.00 0.04 0.03 0.05 0.06 0.04 0.18 0.23 0.48 0.37 0.00 0.52 1.97 1.53 0.00 0.00 1.81 0.05 0.35 0.28 0.00 0.08 0.03 0.04 1.74 1.36 0.00 0.00 0.17 0.18 0.22 0.00 0.00 0.00 0.16 0.59 0.47 0.75 0.30 0.24 8.83 8.04 0.04 0.00 0.00 0.00 2.74 2.25 1.25 0.00 0.13 0.15 0.11 1.96 2.48 0.70 0.82 0.10 0.00 0.00 0.00 0.00 0.00 0.24

+ 0.77 + 1.02 + 0.07 + 0.08 0.34 0.04 unch 0.03 + 0.06 + 0.07 0.05 unch 0.19 0.23 0.49 0.38 0.05 unch 0.55 2.03 1.63 0.13 0.11 1.82 + 0.05 0.37 0.28 0.19 unch 0.08 unch 0.03 0.04 1.85 1.44 0.11 unch + 0.15 0.17 unch 0.18 0.22 + 0.22 0.20 0.20 unch 0.16 + 0.63 0.48 0.80 + 0.33 + 0.24 9.10 8.09 0.04 unch 0.05 unch 0.24 unch 0.09 2.95 2.25 1.49 0.16 0.13 unch 0.15 0.12 2.05 2.66 0.70 0.96 0.10 + 0.15 0.16 0.45 unch + 0.26 0.26 unch + 0.25

0.04 0.07 0.01 0.01 0.04 0.00 0.01 0.00 0.01 0.00 0.06 0.08 0.07 0.05 0.00 0.10 0.09 0.07 0.03 0.03 0.10 0.00 0.02 0.01 0.00 0.00 0.01 0.02 0.14 0.13 0.00 0.01 0.00 0.01 0.03 0.06 0.04 0.00 0.00 0.02 0.01 0.01 0.02 0.00 0.22 0.92 0.00 0.00 0.00 0.01 0.15 0.20 0.16 0.01 0.00 0.01 0.00 0.20 0.18 0.13 0.09 0.01 0.01 0.01 0.00 0.04 0.00 0.01

1.06 2.00 0.16 0.20 0.47 0.12 0.09 0.23 0.30 0.11 0.59 0.75 1.07 0.91 0.18 0.73 2.64 2.14 0.23 0.17 4.95 0.06 0.52 0.43 1.25 0.13 0.10 0.11 2.74 2.23 0.12 0.20 0.50 0.55 0.59 0.40 0.41 0.35 0.27 0.98 0.77 1.28 1.18 1.22 13.29 9.95 0.11 0.14 0.24 0.16 3.29 2.58 2.45 0.35 0.20 0.30 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.55 0.58 0.39 0.43

0.43 0.45 0.00 0.05 0.22 0.04 0.01 0.03 0.04 0.04 0.14 0.20 0.42 0.33 0.04 0.38 0.47 0.34 0.12 0.09 1.31 0.01 0.07 0.05 0.09 0.06 0.03 0.04 1.19 0.90 0.06 0.09 0.10 0.14 0.19 0.11 0.17 0.13 0.14 0.42 0.33 0.64 0.20 0.06 7.88 7.18 0.03 0.05 0.15 0.07 1.75 1.30 0.52 0.07 0.06 0.10 0.10 0.64 0.81 0.07 0.24 0.00 0.04 0.14 0.30 0.18 0.11 0.23

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl Edison Battery* Edison Battery EEE Explor El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Element79 Elevation Gold Elevation Gold* Eloro Res* Eloro Res Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining* Emgold Mining Eminent Gold Eminent Gold* Emperor Metals EMX Royalty* EMX Royalty EnCore Energy Endeavour Mng Endeavr Silver Endeavr Silver* Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engineer Gold* Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng* Eskay Mng Essex Minerals Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Evergold Evergold* EVI Global Grp Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Exploits Disc* Explorex Res Explorex Res* Fabled Silver Fabled Silver* Fairchild Gold Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Idaho First Majestic* First Majestic First Mg Fin * First Mg Fin First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Focus Graphite* Focus Graphite Focus Minerals* Fokus Mining Foran Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr* Fortuna Silvr Fortune Bay Fortune Bay* Fortune Min* Fortune Min Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Four Nines* Fox River Res FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Fredonia Mg Fredonia Mg* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold

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

84 136 114 4 25 626 0 129 2898 79 150 22 274 170 7160 1634 144 491 405 163 183 507 217 13 4101 582 172 636 66 27 1320 461 28 1769 3513 1694 10661 3 27 774 449 2767 17785 0 25 60 5 286 312 7047 2070 948 1903 202 568 83 233 630 52 0 238 238 293 578 362 45 729 1140 24 259 307 56 517 18 17 70 7 2 80 641 125 1393 174 199 112 403 806 194 50 477 1 5 1034 616 11 687 292 1088 651 736 13608 3097 119 356 498 642 67 753 529 346 89 96 562 326 158 3 56 194 3531 5479 4316 236 0 20033 2549 1852 2715 574 7245 830 674 4775 1173 2407 11899 507 38 2 162 338 849 2816 80 1046 23 1879 1682 2 93 23777 4555 209 49 654 806 171 6210 4467 280 3 176 1 212 424 1838 1169 123 31 88 1210 1554 401 82624 841 38 31 1889 50

THE NORTHERN MINER / DECEMBER 6–19, 2021

Week High

Low

0.33 0.08 0.06 0.11 0.08 0.22 0.00 0.18 0.23 0.22 0.03 0.03 0.11 0.09 9.72 12.33 0.48 1.33 1.18 0.92 3.10 3.92 0.85 0.65 3.00 2.48 0.03 0.05 0.72 0.60 0.14 2.73 3.73 1.92 33.25 6.81 5.38 0.22 0.31 0.24 0.19 12.57 9.91 0.00 0.03 0.27 0.20 0.69 0.88 8.00 10.14 0.13 0.16 0.38 0.48 0.07 0.10 23.26 18.34 0.00 0.10 0.10 2.60 3.27 0.08 0.06 0.22 0.27 0.13 0.15 0.54 0.43 0.36 0.28 0.07 0.06 0.13 0.14 0.09 0.13 0.10 0.08 0.41 1.35 1.71 0.36 0.44 0.13 0.10 0.51 5.60 4.46 0.10 0.08 0.16 0.35 0.26 0.09 0.07 0.11 0.29 0.25 0.25 0.33 0.26 0.32 0.07 12.47 9.69 0.09 0.07 1.23 1.57 0.27 0.23 0.13 0.57 0.72 0.32 0.39 0.39 0.31 0.00 12.79 16.21 0.28 0.35 0.47 29.00 0.30 1.00 0.26 0.20 0.72 0.91 0.04 0.03 0.08 0.12 0.04 0.08 0.10 0.19 0.11 2.40 3.08 1.01 0.21 12.84 3.89 4.92 0.74 0.57 0.12 0.14 0.28 0.27 0.34 1.05 0.33 0.68 0.44 0.56 0.59 143.46 181.77 0.02 0.32 0.24 0.41 0.49 0.39 39.25 0.13 0.03 12.63 1.75 0.03

0.30 0.00 0.06 0.00 0.08 0.18 0.00 0.14 0.17 0.22 0.03 0.00 0.10 0.08 9.03 11.54 0.47 1.05 1.01 0.80 2.72 3.41 0.80 0.62 2.57 2.03 0.00 0.04 0.00 0.50 0.12 2.54 3.26 1.64 29.46 5.99 4.69 0.22 0.00 0.22 0.18 10.81 8.45 0.00 0.03 0.00 0.20 0.62 0.80 7.13 9.12 0.11 0.13 0.35 0.45 0.07 0.00 20.85 16.51 0.00 0.10 0.10 2.35 3.02 0.00 0.06 0.17 0.22 0.11 0.13 0.48 0.39 0.34 0.26 0.00 0.06 0.10 0.00 0.00 0.12 0.09 0.07 0.00 1.24 1.58 0.31 0.38 0.10 0.10 0.44 4.00 4.46 0.09 0.07 0.00 0.32 0.25 0.07 0.05 0.09 0.22 0.17 0.23 0.30 0.22 0.28 0.00 11.36 8.89 0.08 0.05 1.13 1.43 0.00 0.19 0.00 0.52 0.67 0.25 0.31 0.29 0.23 0.00 11.51 14.70 0.25 0.31 0.43 26.32 0.23 0.17 0.19 0.15 0.62 0.79 0.00 0.03 0.08 0.00 0.03 0.07 0.08 0.19 0.09 2.13 2.60 0.82 0.00 11.46 3.43 4.38 0.65 0.10 0.10 0.13 0.15 0.18 0.22 0.91 0.00 0.00 0.44 0.53 0.54 136.51 173.08 0.01 0.00 0.24 0.38 0.45 0.36 35.30 0.12 0.00 11.86 1.41 0.00

Last

12-month Change

0.32 + 0.07 0.06 + 0.11 0.08 0.20 + 0.16 unch 0.16 0.18 0.22 unch 0.03 unch 0.03 unch 0.10 0.08 9.29 11.64 0.47 1.20 1.02 0.80 2.76 3.48 0.80 0.62 2.72 2.13 0.03 0.04 0.63 0.50 0.12 unch 2.55 3.36 1.71 29.96 6.05 4.81 0.22 0.27 0.24 unch 0.19 11.29 8.90 0.05 unch 0.03 unch 0.25 0.20 0.67 0.80 7.32 9.23 0.12 + 0.15 + 0.36 0.47 0.07 0.09 21.02 16.60 0.08 unch 0.10 0.10 2.46 3.13 0.08 0.06 0.20 + 0.24 unch 0.11 0.14 + 0.48 0.39 0.34 0.27 0.07 0.06 unch 0.11 0.14 0.09 0.13 unch 0.10 0.08 unch 0.39 1.26 1.63 0.31 0.39 0.10 0.10 unch 0.45 4.05 4.46 0.10 unch 0.07 0.16 0.32 0.25 0.08 0.06 0.10 0.23 0.17 0.23 0.31 0.24 0.32 unch 0.07 unch 11.62 9.09 0.08 0.06 + 1.13 1.48 0.27 0.20 0.13 0.52 0.67 0.25 0.32 0.32 0.23 0.10 unch 11.91 15.13 0.25 0.32 0.44 27.05 unch 0.28 0.22 0.20 0.16 0.65 0.82 0.03 0.03 unch 0.08 unch 0.11 + 0.03 0.07 0.09 0.19 unch 0.11 + 2.14 2.71 0.85 0.21 + 12.37 + 3.52 4.45 0.72 + 0.55 0.11 0.14 unch 0.20 + 0.18 0.24 0.95 0.33 + 0.68 0.44 unch 0.53 0.54 137.65 173.98 0.02 unch 0.29 0.24 unch 0.39 0.48 + 0.38 + 37.24 0.12 0.03 12.29 1.71 + 0.02 unch

0.02 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.03 0.00 0.00 0.00 0.02 0.01 0.40 0.60 0.03 0.04 0.16 0.12 0.33 0.44 0.03 0.02 0.31 0.26 0.00 0.01 0.12 0.10 0.00 0.17 0.11 0.19 3.13 0.69 0.52 0.01 0.04 0.00 0.00 0.33 0.28 0.00 0.00 0.03 0.02 0.00 0.09 0.72 0.90 0.00 0.01 0.02 0.01 0.00 0.01 1.95 1.60 0.00 0.01 0.01 0.07 0.06 0.01 0.00 0.02 0.00 0.02 0.01 0.07 0.03 0.02 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.03 0.07 0.07 0.03 0.04 0.03 0.00 0.03 1.55 0.21 0.00 0.00 0.02 0.01 0.01 0.01 0.01 0.02 0.06 0.05 0.02 0.02 0.00 0.00 0.00 0.35 0.41 0.02 0.00 0.12 0.09 0.03 0.03 0.01 0.04 0.03 0.04 0.06 0.04 0.03 0.00 0.97 1.16 0.02 0.02 0.02 0.00 0.02 0.01 0.05 0.04 0.03 0.05 0.01 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.26 0.32 0.11 0.02 1.24 0.31 0.40 0.01 0.01 0.00 0.00 0.05 0.07 0.08 0.11 0.03 0.02 0.00 0.02 0.03 6.46 8.32 0.00 0.03 0.00 0.03 0.01 0.00 1.04 0.01 0.01 0.54 0.32 0.00

(100s)

High Low

Stock

0.57 0.10 0.09 0.20 0.16 0.31 0.27 1.00 0.25 0.25 0.05 0.06 0.19 0.16 14.48 18.43 0.59 1.65 3.96 3.30 4.65 5.88 0.88 0.74 4.14 3.35 0.08 0.09 1.05 1.00 0.29 3.81 4.83 2.27 35.94 9.32 7.76 0.35 0.44 0.29 0.24 14.33 11.39 0.08 0.06 0.55 0.30 0.90 1.12 11.24 14.33 0.25 0.33 0.41 0.50 0.19 0.25 29.76 22.30 0.10 0.12 0.12 2.93 3.55 0.36 0.14 0.50 0.60 0.30 0.38 0.85 0.68 0.47 0.39 0.24 0.16 0.39 0.40 1.02 0.43 0.44 0.14 0.42 3.90 4.76 0.94 1.19 0.14 0.11 1.35 10.50 8.34 0.40 0.60 0.20 0.48 0.42 0.14 0.15 0.17 0.31 0.25 0.44 0.88 0.41 0.50 0.17 14.01 11.08 0.20 0.26 1.36 1.70 0.40 0.34 0.30 0.89 1.20 0.37 0.46 0.62 0.31 0.10 24.01 30.75 0.42 0.50 0.76 35.07 0.30 1.00 0.30 0.24 1.00 1.25 0.07 0.05 0.21 0.27 0.11 0.22 0.28 0.24 0.45 2.42 3.09 1.30 0.50 20.40 9.85 12.61 1.25 0.98 0.22 0.27 0.38 0.47 0.56 2.68 0.60 0.70 0.50 0.73 0.94 163.79 205.25 0.15 0.37 0.30 0.96 0.65 0.53 46.10 0.26 0.10 17.32 1.75 0.04

Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

V O T X O V

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls Genesis Mtls* Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold* GGX Gold Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake Gladiator Met Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals GMV Minerals* Go Cobalt Go Cobalt* GobiMin GoGold Res Golcap Res Gold Basin Res* Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold State Res Gold State Res* Gold Std Vents Gold Std Vents* Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldcliff Res* Goldcliff Res Golden Arrow* Golden Arrow Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp Golden Hope* Golden Hope Golden Indepen Golden Indepe* Golden Lake Golden Mnls* Golden Mnls Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Spike Golden Star Golden Star* Golden Tag Golden Tag* Goldex Res* Goldex Res Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldoz* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals GR Silver GR Silver* Gran Colombia Gran Colombia* Granada Gold Granada Gold* Grande Portage

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

0.28 0.06 0.04 0.05 0.04 0.11 0.15 0.01 0.03 0.15 0.02 0.03 0.06 0.04 7.46 9.52 0.28 0.67 1.00 0.80 1.10 1.41 0.43 0.34 0.16 0.12 0.03 0.04 0.54 0.47 0.10 2.43 3.05 0.44 23.12 4.23 3.10 0.10 0.13 0.17 0.12 2.52 1.93 0.03 0.02 0.23 0.18 0.35 0.46 5.90 7.53 0.07 0.09 0.26 0.33 0.03 0.03 17.24 16.63 0.05 0.07 0.07 0.66 0.80 0.07 0.06 0.12 0.16 0.11 0.13 0.37 0.33 0.30 0.20 0.03 0.02 0.10 0.13 0.01 0.12 0.00 0.05 0.28 1.25 1.58 0.31 0.38 0.08 0.06 0.19 4.00 4.00 0.07 0.07 0.14 0.22 0.15 0.07 0.02 0.09 0.08 0.05 0.25 0.30 0.15 0.15 0.05 1.75 1.31 0.07 0.05 0.74 0.95 0.13 0.11 0.11 0.51 0.65 0.09 0.12 0.14 0.12 0.07 9.63 12.85 0.22 0.28 0.05 17.71 0.05 0.03 0.06 0.04 0.20 0.26 0.03 0.02 0.05 0.07 0.03 0.02 0.04 0.16 0.09 0.47 0.44 0.16 0.13 10.25 3.55 4.38 0.57 0.00 0.04 0.06 0.11 0.08 0.11 0.89 0.26 0.33 0.23 0.08 0.42 105.62 133.63 0.01 0.13 0.12 0.38 0.28 0.23 22.20 0.12 0.03 10.20 0.31 0.02

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

293 9 364 901 323 493

0.18 0.14 0.88 0.69 0.07 0.09

0.16 0.12 0.79 0.62 0.06 0.08

0.16 0.12 0.80 0.63 0.06 0.08

+ +

0.02 0.02 0.05 0.03 0.00 0.01

0.65 0.57 2.37 1.85 0.26 0.33

0.11 0.00 0.76 0.60 0.02 0.03

33 568 31 129 1729 2184 211 168 366 1970 146 1514 738 2 45 103 422 720 301 157 708 260 9 128 2501 7 2083 126 50 68 173 74 559 2 362 22 280 198 11 445 786 0 109 3 23 293 451 582 162 3 230 628 1 0 0 61 366 66 1682 687 2093 421 420 215 244 432 79 109 52 118 97 168 133 42 0 3628 268 15 236 652 56 3 25357 188 1315 181 916 85 473 383 1501 83 207 23 2435 2024 900 32 551 2623 71 1478 59 1 164 160 209 242 1 19 10 154 0 15 51 381 194 1171 2472 74 0 74 132 263 13 35 268 10682 459 317 2 43 320 241 1526 362 0 684 135 14 0 396 276 235 31 73 209 60 191 565 71 180 269 1 103 583 19 1098 3836 30 140 571 437 419 981 144 590 1098 356

0.33 0.45 0.19 0.24 0.11 0.14 0.40 0.33 1.04 0.82 0.05 0.06 0.03 0.14 0.14 0.59 0.70 0.07 0.10 0.21 0.26 0.27 0.20 18.04 14.22 0.26 0.81 0.63 0.22 0.30 0.10 0.08 0.40 0.09 0.27 0.22 0.71 0.57 0.07 0.14 0.12 0.00 0.13 0.12 0.13 0.19 0.50 0.40 0.05 0.04 0.32 0.42 0.20 0.00 0.00 0.09 0.11 5.10 10.06 3.31 4.20 0.26 0.31 0.23 0.30 0.09 0.07 0.20 0.90 1.18 0.23 0.18 0.20 0.16 0.00 3.75 0.14 0.26 0.32 0.23 0.18 10.74 10.98 0.09 0.11 0.36 0.14 0.07 0.12 1.54 1.94 0.13 1.34 1.75 2.13 5.16 0.09 0.07 0.64 0.51 0.11 0.07 0.05 0.14 0.09 0.12 0.16 0.20 0.11 0.14 0.04 0.06 0.00 0.22 0.30 0.15 0.12 0.17 0.44 0.56 0.00 0.15 0.18 4.85 0.13 0.30 4.82 3.79 0.31 0.26 0.06 0.07 0.07 0.03 0.04 0.36 0.00 1.95 0.25 0.21 0.00 0.15 0.16 0.05 0.04 0.09 0.16 0.12 0.50 0.65 0.84 1.00 0.08 0.05 0.73 0.93 0.24 0.36 0.44 0.15 0.20 0.12 0.36 0.29 5.55 4.41 0.10 0.08 0.60

0.33 0.43 0.16 0.20 0.10 0.12 0.39 unch 0.30 0.99 0.76 0.04 0.06 + 0.03 + 0.14 unch 0.14 0.50 0.62 0.07 0.09 0.18 0.23 0.25 0.20 16.28 13.27 0.23 0.78 0.59 0.22 0.29 0.09 0.07 0.36 0.09 + 0.26 0.20 0.65 0.50 0.07 unch 0.14 unch 0.11 0.15 unch 0.13 0.12 unch 0.13 0.17 + 0.46 0.36 0.05 0.04 unch 0.31 0.39 0.17 0.26 unch 0.36 unch 0.09 unch 0.10 4.75 9.41 2.99 3.69 0.23 0.28 0.17 0.23 0.08 unch 0.07 0.11 0.79 1.02 0.20 0.18 0.19 + 0.14 0.22 unch 3.62 + 0.12 0.26 unch 0.26 0.20 0.16 10.74 unch 10.69 0.08 + 0.10 + 0.35 0.14 unch 0.07 0.08 1.32 1.67 0.12 unch 1.30 1.75 + 1.99 5.10 0.08 unch 0.07 unch 0.61 0.49 0.10 0.06 + 0.05 + 0.14 unch 0.07 0.09 0.14 + 0.18 unch 0.11 unch 0.14 0.04 0.05 0.17 unch 0.22 + 0.30 0.13 0.10 0.15 0.41 0.52 0.12 unch 0.13 0.15 4.75 + 0.13 unch 0.30 4.77 + 3.75 + 0.27 0.20 0.05 0.07 + 0.06 0.03 0.04 0.31 0.25 unch 1.70 0.21 0.17 0.02 unch 0.15 + 0.16 0.05 + 0.04 + 0.08 + 0.13 0.11 0.45 0.58 0.66 0.85 0.08 0.05 unch 0.61 0.77 0.22 0.30 0.41 0.15 unch 0.18 0.11 0.32 0.25 5.16 4.09 0.09 0.08 0.56 -

0.02 0.02 0.02 0.03 0.00 0.02 0.00 0.01 0.04 0.04 0.00 0.01 0.01 0.00 0.01 0.07 0.10 0.00 0.01 0.02 0.03 0.02 0.01 1.57 0.84 0.02 0.01 0.03 0.02 0.05 0.01 0.01 0.04 0.01 0.01 0.01 0.06 0.06 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.02 0.03 0.03 0.01 0.00 0.01 0.03 0.01 0.00 0.00 0.00 0.01 0.25 0.44 0.16 0.31 0.01 0.03 0.07 0.08 0.00 0.00 0.09 0.17 0.10 0.02 0.00 0.01 0.03 0.00 0.02 0.02 0.00 0.04 0.03 0.02 0.00 0.15 0.01 0.01 0.01 0.00 0.02 0.02 0.21 0.26 0.00 0.05 0.04 0.10 0.01 0.00 0.00 0.04 0.02 0.01 0.01 0.01 0.00 0.02 0.04 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.02 0.03 0.03 0.05 0.00 0.04 0.01 0.29 0.00 0.02 0.12 0.06 0.05 0.06 0.00 0.01 0.01 0.00 0.01 0.05 0.00 0.24 0.05 0.03 0.00 0.01 0.01 0.01 0.01 0.00 0.04 0.02 0.03 0.02 0.10 0.10 0.01 0.00 0.07 0.08 0.02 0.04 0.02 0.00 0.01 0.01 0.05 0.02 0.27 0.21 0.01 0.00 0.04

0.50 0.63 0.29 0.34 0.28 0.35 0.94 0.78 1.84 1.44 0.12 0.14 0.03 0.23 0.29 1.00 1.27 0.29 0.36 0.50 0.60 0.54 0.47 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.28 0.22 0.48 0.11 0.60 0.47 0.81 0.63 0.11 0.22 0.17 0.15 0.45 0.29 0.17 0.21 0.86 0.70 0.14 0.10 0.70 0.87 0.30 0.40 0.36 0.13 0.18 5.43 10.79 3.99 4.84 1.52 1.93 0.28 0.35 0.27 0.21 0.80 1.24 1.49 0.45 0.36 1.20 1.33 0.37 3.79 0.60 0.39 0.46 0.61 0.53 12.05 12.53 0.23 0.23 0.95 0.76 0.52 0.42 2.65 3.12 0.26 1.79 2.22 3.78 7.08 0.38 0.17 1.23 0.97 0.21 0.12 0.10 0.19 0.11 0.14 0.20 0.21 0.24 0.31 0.30 0.16 0.25 0.35 0.46 0.70 0.57 0.70 1.30 1.65 0.19 0.25 0.41 5.44 0.17 0.49 5.42 4.25 0.65 0.52 1.10 0.09 0.10 0.06 0.08 0.87 0.33 3.23 1.14 0.86 0.02 0.20 0.42 0.06 0.05 0.10 0.31 0.18 1.75 0.98 1.12 1.41 0.21 0.16 1.31 1.62 0.35 0.47 0.59 0.32 0.44 0.15 0.92 0.74 8.40 6.61 0.25 0.19 0.78

0.25 0.35 0.15 0.20 0.08 0.10 0.22 0.17 0.85 0.66 0.04 0.05 0.01 0.09 0.12 0.42 0.52 0.01 0.09 0.18 0.23 0.25 0.20 8.25 5.95 0.16 0.53 0.40 0.22 0.21 0.09 0.07 0.19 0.05 0.19 0.15 0.31 0.24 0.04 0.12 0.10 0.07 0.10 0.08 0.08 0.10 0.33 0.27 0.05 0.04 0.15 0.21 0.10 0.23 0.36 0.04 0.05 2.76 5.53 0.51 0.67 0.05 0.09 0.12 0.16 0.07 0.01 0.00 0.47 0.63 0.16 0.13 0.16 0.09 0.19 1.47 0.08 0.02 0.24 0.18 0.14 8.00 7.75 0.04 0.06 0.30 0.13 0.07 0.08 1.04 0.76 0.10 1.22 1.50 1.55 3.39 0.05 0.05 0.54 0.43 0.05 0.05 0.04 0.10 0.05 0.07 0.12 0.15 0.08 0.11 0.00 0.04 0.16 0.20 0.24 0.11 0.09 0.12 0.40 0.50 0.10 0.10 0.12 2.45 0.08 0.29 2.58 2.04 0.22 0.17 0.00 0.06 0.04 0.02 0.04 0.26 0.08 1.40 0.15 0.00 0.00 0.13 0.11 0.03 0.02 0.02 0.11 0.11 0.26 0.53 0.55 0.74 0.07 0.05 0.14 0.18 0.08 0.10 0.13 0.09 0.16 0.05 0.25 0.20 4.50 3.37 0.09 0.07 0.24

G-H 0.32 0.40 0.15 0.20 0.10 0.12 0.00 0.30 0.96 0.76 0.04 0.00 0.00 0.14 0.00 0.50 0.62 0.07 0.00 0.18 0.23 0.25 0.00 16.25 12.72 0.00 0.75 0.59 0.22 0.29 0.00 0.07 0.36 0.00 0.26 0.20 0.62 0.49 0.00 0.00 0.11 0.00 0.00 0.12 0.13 0.00 0.46 0.35 0.00 0.04 0.30 0.38 0.00 0.00 0.00 0.09 0.00 4.55 9.20 2.83 3.61 0.21 0.27 0.17 0.21 0.08 0.06 0.10 0.79 1.00 0.00 0.16 0.00 0.14 0.00 3.38 0.10 0.25 0.26 0.20 0.16 10.74 10.45 0.07 0.10 0.33 0.13 0.07 0.08 1.28 1.62 0.12 0.00 0.00 1.92 4.85 0.00 0.07 0.58 0.45 0.10 0.06 0.04 0.00 0.07 0.09 0.14 0.18 0.11 0.00 0.04 0.05 0.00 0.21 0.28 0.12 0.10 0.15 0.39 0.50 0.00 0.00 0.15 4.41 0.00 0.30 4.70 3.74 0.26 0.20 0.05 0.00 0.06 0.03 0.00 0.31 0.00 1.70 0.21 0.17 0.00 0.00 0.00 0.04 0.03 0.06 0.12 0.11 0.45 0.57 0.66 0.84 0.00 0.05 0.60 0.75 0.00 0.26 0.34 0.15 0.18 0.00 0.31 0.25 5.12 4.01 0.00 0.07 0.56

(100s) Stock

Exc Volume

Week High

Grande Portage* Granite Creek* Granite Creek Graphano Egy Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Panther Great Panther* Great Quest Fe Green Battery Green River Green River* Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenland Res Greenshield Ex Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GSP Resource Guanajuato Sil* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl Guyana Goldstr Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Hanstone Gold* Happy Ck Mnrls Harfang Explor* Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* Highwood Asset Hochschild Mg* Homerun Res Honey Badger* Honey Badger Horizonte Mnls* Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold i-80 Gold*

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

361 59 317 787 233 516 209 1725 113 62 449 143 879 21925 419 892 141 104 102 3 105 366 855 949 154 122 773 86 286 0 1220 1320 746 46 650 1327 131 895 2888 1 0 9 0 284 83 168 3 662 7 546 25283 25340 951 6 297 256 2 668 343 146 24287 233 126 168 2 73 0 0 0 300 247 301 315 23 3 0 4071 25 113 314 280 4252 5686 7405 1075 237 3 179 0 2287 198

0.49 0.15 0.19 1.20 1.86 2.38 1.00 1.25 0.30 0.33 21.94 17.30 0.34 0.27 0.04 0.15 0.06 0.04 0.07 0.58 0.15 0.08 0.06 0.62 1.97 0.11 0.13 0.04 0.05 0.00 0.12 0.33 0.41 0.21 0.45 0.53 0.07 0.12 0.16 0.57 0.00 0.02 0.00 0.26 0.22 0.21 0.15 0.05 0.20 0.25 4.06 0.03 0.02 0.10 0.12 0.02 0.02 0.10 0.25 0.20 6.07 0.62 0.78 2.29 0.16 0.21 0.00 0.00 0.00 1.60 1.25 0.12 0.10 0.24 0.20 0.00 2.06 0.09 0.06 0.07 0.12 0.16 7.30 9.27 0.08 0.07 0.04 0.05 0.00 3.11 2.41

I-Minerals* I-Minerals IAMGOLD IAMGOLD* Iconic Mnls * Iconic Mnls Idaho Champion* Idaho Champion IEMR Res iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indigo Expl Infield Min Infinite Ore Infinite Ore* Inflection Res Inomin Mines Intact Gold* Intact Gold Integra Res Integra Res* Inter-Rock Mnl Interconnect Intercontinent Interra Copper Interra Copper* Intl Battery* Intl Battery Intl Bethl Mng Intl Iconic* Intl Iconic Intl Lithium Intl Lithium* Intl Prospect Intl Prospect * Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite* Intl Zeolite Intrepid Pots* Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy* Ion Energy Irving Res Irving Res* IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Jade Leader* Jade Leader Jaeger Res * Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jasper Mining* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* Josemaria Res

O 0 V 6 T 5604 N 41603 O 396 V 830 O 530 C 1632 V 0 O 10 V 92 V 693 O 0 T 204 O 49 O 113 V 1159 O 112 V 83 O 1254 V 73 O 23 V 180 V 852 V 5103 O 279 C 221 V 162 O 0 V 7 V 119 X 329 V 20 V 0 V 0 C 1446 O 61 O 1120 C 571 V 8 O 4801 V 2728 V 3562 O 571 V 26 O 32 O 118886 X 926 T 42 O 30 V 267 N 608 O 23 V 146 V 389 O 50 O 79 V 243 C 41 O 71 V 904 O 43 V 550 O 286 O 326 T 4360 O 0 V 16 O 0 V 49 T 216 O 150 V 139 O 438 O 3 V 1 O 500 V 112 O 0 V 109 V 186 V 408 O 859 T 802

0.00 0.03 4.11 3.25 0.16 0.23 0.07 0.09 0.00 0.05 0.06 0.61 11.24 3.69 2.84 0.12 0.14 0.33 0.40 0.01 0.09 0.09 0.09 0.07 0.19 0.14 0.16 0.13 0.00 0.06 3.13 2.47 0.49 0.00 0.00 0.11 0.08 1.00 1.30 0.04 0.12 0.16 0.12 0.09 0.16 0.14 0.01 0.88 1.15 0.12 0.16 45.44 0.12 0.17 0.07 0.05 0.44 0.57 1.14 0.93 5.13 1.18 1.60 0.23 8.20 10.43 0.00 0.09 0.00 0.03 4.96 3.89 0.35 0.27 0.05 0.00 0.05 0.06 0.00 0.50 0.72 0.53 0.44 1.30

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

Low

Last

12-month Change

0.44 0.46 0.13 0.14 0.17 0.17 0.78 0.88 + 1.54 1.66 1.94 2.13 0.92 0.92 1.16 1.19 0.27 0.28 0.00 0.32 19.57 20.10 15.36 15.69 0.32 0.32 0.25 0.25 0.04 0.04 + 0.13 0.13 0.05 0.06 unch 0.04 0.04 unch 0.00 0.07 unch 0.00 0.51 0.00 0.14 unch 0.00 0.07 0.05 0.06 + 0.53 0.57 + 1.72 1.97 + 0.09 0.09 0.11 0.11 0.03 0.04 + 0.00 0.05 unch 0.00 0.14 unch 0.11 0.12 0.29 0.29 0.36 0.37 0.00 0.20 0.37 0.39 0.48 0.49 0.00 0.07 + 0.10 0.10 0.12 0.13 0.00 0.57 + 0.00 0.13 unch 0.02 0.02 unch 0.00 0.05 unch 0.23 0.23 0.18 0.18 0.18 0.18 0.15 0.15 unch 0.00 0.05 unch 0.18 0.18 0.22 0.23 3.79 3.86 0.02 0.03 unch 0.02 0.02 + 0.07 0.07 0.10 0.10 0.00 0.02 0.02 0.02 unch 0.09 0.09 0.23 0.23 0.18 0.18 5.45 5.58 0.53 0.57 0.69 0.69 1.67 2.00 0.16 0.16 unch 0.00 0.20 unch 0.00 0.04 unch 0.00 0.02 unch 0.00 0.26 unch 1.41 1.56 1.10 1.14 0.00 0.12 + 0.00 0.08 0.00 0.24 0.20 0.20 unch 0.00 10.00 unch 1.41 1.75 0.00 0.09 + 0.00 0.05 0.00 0.07 unch 0.00 0.09 0.11 0.11 6.50 6.77 8.23 8.62 0.07 0.07 0.05 0.06 0.00 0.04 unch 0.00 0.05 unch 0.00 0.03 unch 2.74 2.76 2.15 2.20 -

High Low

0.03 0.01 0.03 0.04 0.04 0.10 0.06 0.07 0.01 0.03 1.56 1.35 0.02 0.01 0.01 0.02 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.17 0.01 0.01 0.01 0.00 0.00 0.01 0.03 0.04 0.01 0.04 0.04 0.01 0.02 0.03 0.02 0.00 0.00 0.00 0.02 0.01 0.03 0.00 0.00 0.02 0.02 0.17 0.00 0.00 0.03 0.02 0.01 0.00 0.01 0.02 0.01 0.45 0.05 0.09 0.27 0.00 0.00 0.00 0.00 0.00 0.02 0.11 0.01 0.01 0.03 0.00 0.00 0.49 0.02 0.00 0.00 0.04 0.04 0.15 0.15 0.01 0.01 0.00 0.00 0.00 0.28 0.23

0.65 0.24 0.29 1.20 2.00 2.54 1.51 1.84 2.86 0.88 22.61 18.03 1.47 1.16 0.17 0.72 0.08 0.07 0.12 1.81 0.26 0.70 0.30 0.77 1.97 0.27 0.34 0.07 0.08 0.17 0.18 0.50 0.51 0.50 0.70 0.74 0.20 0.25 0.32 0.75 0.20 0.10 0.16 0.62 0.49 0.62 0.35 0.15 0.39 0.62 5.76 0.18 0.15 0.19 0.24 0.05 0.04 0.20 0.65 0.27 9.44 1.47 1.81 2.32 0.64 0.90 0.11 0.03 0.26 2.33 1.82 0.15 0.12 0.47 0.37 19.00 3.77 0.13 0.20 0.18 0.15 0.18 9.60 11.62 0.37 0.29 0.23 0.15 0.04 3.54 2.86

0.18 0.10 0.12 0.27 0.28 0.37 0.12 0.15 0.27 0.30 12.80 10.08 0.31 0.25 0.04 0.08 0.05 0.04 0.04 0.27 0.10 0.06 0.04 0.30 0.14 0.07 0.09 0.02 0.03 0.14 0.06 0.21 0.27 0.19 0.15 0.20 0.05 0.03 0.04 0.55 0.10 0.02 0.04 0.22 0.16 0.18 0.15 0.04 0.20 0.22 3.00 0.02 0.02 0.00 0.10 0.02 0.01 0.08 0.19 0.15 4.65 0.54 0.69 0.75 0.17 0.20 0.03 0.01 0.20 0.98 0.79 0.04 0.03 0.22 0.20 4.72 1.41 0.04 0.00 0.06 0.05 0.10 5.22 6.70 0.07 0.05 0.01 0.04 0.03 2.26 1.88

0.00 0.01 0.02 0.07 0.01 0.01 0.01 0.03 0.00 0.01 0.00 0.08 2.89 0.06 0.07 0.01 0.01 0.03 0.02 0.00 0.01 0.01 0.02 0.03 0.04 0.02 0.01 0.01 0.00 0.01 0.23 0.23 0.02 0.00 0.00 0.01 0.01 0.36 0.35 0.01 0.01 0.02 0.02 0.01 0.01 0.01 0.00 0.05 0.01 0.02 0.03 2.39 0.00 0.00 0.02 0.00 0.04 0.03 0.06 0.04 0.69 0.04 0.02 0.02 0.23 0.23 0.00 0.01 0.00 0.00 0.42 0.34 0.02 0.03 0.00 0.00 0.00 0.00 0.00 0.03 0.01 0.02 0.00 0.12

0.05 0.06 5.04 3.95 0.30 0.37 0.21 0.26 0.05 0.15 0.20 1.22 21.00 6.25 4.92 0.90 0.24 0.49 0.63 0.05 0.19 0.15 0.11 0.42 0.23 0.19 0.48 0.23 0.06 0.12 5.16 4.08 0.51 0.10 0.26 0.34 0.27 0.92 1.30 0.12 0.12 0.16 0.16 0.13 0.25 0.40 0.02 1.57 2.00 0.24 0.33 52.91 0.26 0.33 0.09 0.05 1.40 0.67 2.69 2.11 6.61 1.55 1.90 0.35 8.57 10.59 0.08 0.11 0.04 0.06 11.30 9.30 0.47 0.38 0.13 0.21 0.08 0.10 0.83 1.05 0.99 0.61 0.51 1.49

0.01 0.03 2.75 2.16 0.08 0.10 0.05 0.06 0.02 0.04 0.05 0.42 10.38 3.36 2.53 0.08 0.07 0.18 0.30 0.01 0.05 0.04 0.06 0.04 0.05 0.04 0.13 0.06 0.03 0.05 2.59 2.12 0.37 0.08 0.11 0.09 0.07 0.14 0.18 0.03 0.03 0.04 0.04 0.03 0.09 0.07 0.00 0.62 0.79 0.05 0.06 12.81 0.09 0.13 0.03 0.02 0.13 0.28 0.92 0.74 1.30 0.88 0.23 0.02 4.37 5.75 0.03 0.05 0.02 0.02 3.70 1.25 0.25 0.20 0.03 0.05 0.05 0.05 0.16 0.20 0.23 0.27 0.19 0.65

I-J-K 0.00 0.02 unch 0.00 0.03 3.83 3.98 3.00 3.09 0.14 0.16 + 0.18 0.21 + 0.05 0.06 0.06 0.06 0.00 0.04 unch 0.04 0.05 + 0.00 0.06 unch 0.51 0.52 0.00 11.24 3.42 3.44 2.69 2.71 0.10 0.10 0.13 0.13 0.28 0.28 0.00 0.37 + 0.01 0.01 0.00 0.08 0.08 0.08 0.00 0.09 + 0.00 0.05 0.14 0.19 + 0.11 0.14 + 0.15 0.15 0.11 0.12 0.00 0.04 unch 0.00 0.05 2.81 2.86 2.20 2.24 0.00 0.49 0.00 0.10 unch 0.00 0.11 unch 0.09 0.10 0.07 0.07 0.67 1.00 + 0.84 1.17 + 0.00 0.04 0.08 0.11 + 0.11 0.14 + 0.09 0.10 0.07 0.07 0.00 0.16 + 0.12 0.13 0.01 0.01 + 0.75 0.80 0.98 1.12 + 0.10 0.10 0.13 0.14 41.07 43.45 + 0.12 0.12 unch 0.00 0.16 unch 0.00 0.06 0.05 0.05 unch 0.33 0.38 0.42 0.51 0.00 1.04 0.82 0.88 4.17 4.26 0.00 1.10 + 1.35 1.40 0.19 0.22 7.72 7.75 9.81 9.90 0.00 0.06 unch 0.00 0.09 0.00 0.02 unch 0.00 0.03 unch 4.40 4.47 3.46 3.53 0.00 0.33 + 0.24 0.27 + 0.05 0.05 unch 0.00 0.07 unch 0.05 0.05 unch 0.00 0.06 unch 0.00 0.46 unch 0.46 0.49 0.66 0.72 0.46 0.49 0.35 0.40 + 1.14 1.17 -

(100s) Stock

Exc Volume

Week High

Joshua Gold* Jourdan Res Jubilee Gold Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kaizen Discvry* Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* Kenadyr Metals Kenadyr Metals* Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources KGL Resources* Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min* Kingman Min Kings Bay Res* Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

609 1075 0 50 37 8 104 127 1853 246 20 122 18 27 451 33 630 38 509 4 21 665 214 73 1 447 13 5 60 168 215 555 668 1872 717 912 0 42 35 10 17224 61750 414 35 6 2612 5938 131 36 196 657 365 63 475 294 757 150 362 192 275 370 254 2557 252

0.04 0.06 0.00 0.17 0.22 1.25 0.22 0.20 8.23 6.48 0.18 0.05 0.03 0.25 0.92 0.60 0.29 0.48 3.82 0.13 0.11 0.82 0.04 0.14 0.10 0.08 0.12 0.10 0.10 0.14 0.05 0.06 0.27 0.35 0.05 0.06 0.00 0.15 0.15 0.12 8.43 6.66 0.22 1.40 1.13 53.72 42.40 0.19 0.16 0.06 0.07 1.01 0.37 0.49 0.25 0.26 0.02 0.46 0.36 0.84 1.21 0.97 0.05 0.04

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

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

300 359 446 156 61 1636 4256 244 2054 855 299 318 101 314 256 1 695 32 193 292 11515 424 217 129 102 542 46 271 118 695 672 0 13 39 0 38 540 603 6 3267 18391 2472 984 3876 25 219 1683 5 299 57 0 754 380 21 812 215 25 2 29 946 32 408 23 165 106 295 140 743 1415 11499 31 7 542 485

0.10 0.70 0.89 0.12 30.10 38.63 0.68 0.61 0.94 0.01 10.65 13.53 0.08 0.10 0.13 0.11 0.73 0.58 0.41 0.33 5.39 0.27 0.45 0.36 0.15 0.18 0.14 14.30 0.35 0.45 0.95 0.00 0.51 0.28 0.00 0.13 1.22 0.99 0.05 49.32 39.04 0.87 0.68 0.33 0.17 0.20 0.84 0.07 0.10 0.09 0.00 0.12 0.10 0.62 0.80 0.23 11.20 8.77 0.18 0.65 0.10 0.13 0.46 0.60 0.48 0.61 0.53 11.25 8.64 10.97 0.04 0.05 6.40 6.27

Macarthur Min* Macarthur Min MacDonald Mns* MacDonald Mns Madeira Mrnls Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious* Makara Mining Makara Mining* Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Manitou Gold Manitou Gold * Manning Vent Mantaro Prec

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

8 288 431 1998 0 15 41 2095 1 190 166 446 3 133 137 92 178 43 141 59 184 422 543 2 19 82 34 556 1735 25 886 60 151 1083

0.31 0.43 0.03 0.04 0.00 0.05 0.09 23.25 0.68 1.03 1.12 0.44 0.12 0.14 0.07 0.05 0.06 0.24 0.15 0.10 0.39 0.31 0.40 0.09 0.11 2.65 2.06 0.33 0.42 0.07 0.07 0.05 0.12 0.20

Low

Last

12-month Change

0.00 0.04 + 0.05 0.05 0.00 0.79 unch 0.17 0.17 unch 0.19 0.19 1.05 1.05 0.00 0.20 0.15 0.16 7.33 7.37 5.81 5.81 0.00 0.18 unch 0.00 0.05 unch 0.03 0.03 + 0.22 0.23 0.82 0.84 0.51 0.55 0.23 0.27 0.37 0.43 3.32 3.34 0.00 0.13 + 0.06 0.10 unch 0.72 0.76 0.00 0.03 0.00 0.13 0.00 0.10 0.07 0.07 0.00 0.11 0.10 0.10 unch 0.00 0.10 0.12 0.12 0.04 0.05 + 0.05 0.05 0.23 0.25 0.27 0.32 unch 0.04 0.04 0.00 0.06 0.00 0.11 unch 0.00 0.14 + 0.00 0.15 unch 0.11 0.12 + 7.66 7.71 6.00 6.13 0.00 0.19 0.00 1.05 0.00 0.90 51.28 51.57 40.25 40.82 0.00 0.18 0.14 0.14 0.04 0.05 0.06 0.06 0.89 0.89 0.36 0.37 0.44 0.45 0.18 0.18 0.22 0.24 0.02 0.02 unch 0.41 0.45 0.31 0.33 0.70 0.72 1.02 1.02 0.81 0.82 0.04 0.05 0.03 0.04 -

High Low

0.00 0.01 0.00 0.00 0.02 0.03 0.01 0.01 0.80 0.66 0.00 0.00 0.00 0.02 0.06 0.10 0.01 0.04 0.49 0.01 0.00 0.04 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.03 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.72 0.54 0.01 0.25 0.20 2.57 1.95 0.02 0.01 0.01 0.01 0.04 0.00 0.01 0.03 0.03 0.00 0.02 0.05 0.06 0.21 0.13 0.01 0.00

0.20 0.18 0.90 0.41 0.52 2.25 0.74 0.66 9.36 7.60 0.40 0.09 0.07 0.59 1.95 0.65 0.31 0.94 4.09 0.50 0.17 1.75 0.06 0.26 0.21 0.24 0.60 0.44 0.29 0.39 0.09 0.12 2.38 0.80 0.18 0.24 0.14 0.28 0.24 0.16 10.37 8.34 0.24 1.45 1.13 58.43 46.98 0.27 0.22 0.26 0.34 1.94 0.48 0.61 0.40 0.45 0.22 2.01 1.55 4.09 3.13 2.47 0.05 0.04

0.02 0.03 0.59 0.08 0.12 0.31 0.18 0.15 5.75 4.42 0.15 0.03 0.03 0.22 0.70 0.10 0.12 0.32 2.25 0.13 0.06 0.65 0.02 0.10 0.10 0.06 0.10 0.01 0.09 0.12 0.03 0.04 0.23 0.27 0.04 0.05 0.11 0.05 0.13 0.10 6.56 5.18 0.08 0.15 0.01 40.07 31.72 0.17 0.13 0.00 0.05 0.80 0.10 0.23 0.12 0.17 0.02 0.35 0.28 0.17 0.88 0.82 0.01 0.00

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

0.00 0.03 0.04 0.03 1.27 1.86 0.04 0.04 0.05 0.00 0.56 0.75 0.00 0.00 0.02 0.01 0.00 0.00 0.04 0.03 0.55 0.01 0.05 0.04 0.00 0.01 0.01 1.40 0.03 0.03 0.05 0.00 0.10 0.06 0.00 0.01 0.11 0.13 0.00 2.23 1.80 0.03 0.01 0.01 0.00 0.02 0.19 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.02 0.09 0.02 0.11 0.02 0.00 0.01 0.01 0.11 0.12 0.01 0.00 0.04 1.13 0.46 0.56 0.01 0.00 0.06 0.01

0.10 1.50 1.85 0.95 42.40 50.45 0.86 0.85 1.12 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.76 0.61 0.48 0.39 7.25 0.42 1.00 1.47 0.16 0.99 0.65 15.01 0.73 0.89 1.50 0.90 1.02 0.41 0.35 0.25 1.84 1.45 0.11 49.32 39.04 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.28 0.37 0.28 0.22 0.97 1.16 4.20 11.75 8.90 0.60 1.00 0.54 0.15 0.80 0.80 0.79 1.00 0.94 12.93 13.11 16.07 0.07 0.08 6.40 6.27

0.05 0.24 0.30 0.03 19.14 24.56 0.05 0.53 0.23 0.00 9.72 10.20 0.07 0.09 0.11 0.09 0.18 0.14 0.19 0.15 0.82 0.17 0.35 0.28 0.12 0.15 0.11 3.05 0.27 0.34 0.68 0.33 0.26 0.17 0.11 0.11 0.97 0.77 0.05 11.40 8.95 0.18 0.14 0.18 0.01 0.08 0.18 0.05 0.05 0.05 0.19 0.05 0.03 0.38 0.50 0.12 5.50 4.39 0.14 0.50 0.04 0.06 0.18 0.28 0.42 0.54 0.44 9.11 6.66 8.56 0.00 0.04 2.64 2.65

0.30 0.30 0.00 0.38 0.03 0.03 + 0.04 0.04 0.00 0.03 unch 0.05 0.05 unch 0.00 0.09 + 20.25 20.85 0.57 0.68 + 0.85 0.87 0.69 0.70 0.38 0.38 0.12 0.12 unch 0.00 0.14 0.00 0.07 0.05 0.05 + 0.00 0.06 unch 0.00 0.24 + 0.12 0.14 + 0.09 0.10 0.36 0.36 0.30 0.30 0.37 0.39 0.00 0.09 unch 0.00 0.11 unch 2.34 2.42 1.86 1.90 0.25 0.26 0.33 0.35 + 0.00 0.07 unch 0.06 0.06 unch 0.05 0.05 0.10 0.11 0.15 0.16 -

0.00 0.01 0.00 0.01 0.00 0.00 0.02 2.69 0.11 0.11 0.08 0.05 0.00 0.01 0.01 0.00 0.00 0.04 0.01 0.01 0.04 0.01 0.01 0.00 0.00 0.26 0.22 0.01 0.01 0.00 0.00 0.00 0.03 0.03

0.54 0.70 0.08 0.10

0.25 0.29 0.03 0.04

0.14 0.18 31.21 1.40 1.20 1.12 0.65 0.16 0.23 0.18 0.07 0.07 2.00 0.75 0.58 1.75 0.39 0.44 0.39 0.21 3.68 3.00 0.82 1.04 0.10 0.13 0.10 0.72 0.57

0.05 0.06 17.88 0.57 0.73 0.57 0.30 0.09 0.10 0.05 0.03 0.05 0.15 0.10 0.08 0.36 0.19 0.28 0.00 0.07 1.23 0.90 0.13 0.17 0.07 0.05 0.03 0.10 0.15

L 0.10 0.64 0.81 0.08 27.99 35.47 0.55 0.00 0.74 0.00 9.84 12.51 0.07 0.00 0.00 0.11 0.63 0.00 0.37 0.29 4.66 0.24 0.36 0.29 0.15 0.15 0.12 11.51 0.30 0.38 0.86 0.00 0.00 0.00 0.00 0.00 1.06 0.83 0.05 44.09 34.76 0.76 0.59 0.25 0.02 0.15 0.59 0.07 0.09 0.06 0.00 0.10 0.08 0.60 0.75 0.12 10.60 0.00 0.00 0.58 0.09 0.11 0.37 0.00 0.45 0.57 0.00 9.95 7.68 9.74 0.04 0.00 5.81 5.76

0.10 0.65 0.81 0.09 29.22 37.22 0.58 0.55 0.83 0.01 10.05 12.65 0.08 0.10 0.11 0.11 0.70 0.58 0.37 0.30 4.76 0.25 0.45 0.33 0.15 0.17 0.13 12.00 0.32 0.41 0.89 0.40 0.41 0.25 0.11 0.12 1.12 0.84 0.05 45.16 35.69 0.82 0.61 0.30 0.15 0.18 0.62 0.07 0.10 0.06 0.30 0.10 0.08 0.62 0.78 0.13 11.00 8.77 0.18 0.62 0.09 0.12 0.38 0.50 0.46 0.60 0.47 10.08 7.89 10.03 0.04 0.05 5.93 5.92

WWW.NORTHERNMINER.COM

DECEMBER 6–19, 2021 / THE NORTHERN MINER

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

Exc Volume

Mantaro Prec* Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite* Mason Graphite Matachewan Con Matica Ent Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meryllion Res MetalCorp* MetalCorp Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millbank Mg MillenMin Vent Millennial Lit* Millennial Lit Millennial Pr* Millennial Pr Millennium Sil Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Hill Mineral Mtn Mineral Mtn* Mineral Res* Mineworx Tech* Mineworx Tech Minfocus Expl Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Mongoose Mg Monitor Vent Montage Gold Montage Gold* Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res* Morien Res Mosaic* Mosaic Min Mountain Boy* Mountain Boy Mountain Prov Mountain Prov* MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

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

284 1447 1787 130 1253 144 1 36 1267 0 920 178 812 299 4 164 27 492 706 0 79 102 593 266 684 1118 69 57 0 4 445 11 5 11782 479 397 31 2403 613 1302 1508 1952 375 1059 34617 0 656 2373 198 93 75 218 83 30 989 133 249 25 576 344 304 285 10 2460 20 82 238 1 3 177 184 393 154 212 738 739 0 185 350 16 71 5 0 242 1171 89 1123 638 149 20 0 564 618 58 26 1846 3296 2 345 0 1435 309 1 551 855 0 334 16 79 1307 56 1 186 132 444 89 399 179 30 113 0 408 37 25 6 216 211 183 99 51 95 158 16419 166 84 80 1276 147 604 97 114 1532 3461 2 501 293

NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Navis Res Corp* NEO Battery NEO Battery* Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Lithium Nevada Silver Nevada Sunrise Nevada Sunrise*

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

48 241 236 189 23 4687 497 2168 67 127 14 8 650 3380 1168 780 1572 997 967 137 201 100

Week High

Low

Last

12-month Change

0.17 0.12 0.12 0.30 0.24 0.25 0.36 0.31 0.31 2.55 2.26 2.29 3.15 2.88 2.93 0.27 0.19 0.21 3.22 0.00 2.98 4.10 3.76 3.77 0.14 0.13 0.13 0.00 0.00 0.07 unch 425.48 408.81 414.92 0.10 0.08 0.08 0.12 0.10 0.10 0.12 0.11 0.11 2.39 2.38 2.38 unch 0.08 0.00 0.07 0.07 0.05 0.06 + 0.56 0.50 0.51 0.72 0.63 0.66 + 0.00 0.00 0.21 unch 0.40 0.00 0.40 + 6.40 5.88 5.88 5.07 4.59 4.59 0.14 0.13 0.14 0.18 0.16 0.17 0.22 0.20 0.21 unch 0.14 0.00 0.13 0.10 0.08 0.09 0.06 0.00 0.06 unch 0.62 0.00 0.62 0.90 0.78 0.78 0.15 0.00 0.14 0.88 0.00 0.88 unch 1.12 1.00 1.03 1.41 1.28 1.30 0.06 0.05 0.06 0.31 0.27 0.28 3.28 2.87 2.94 0.14 0.11 0.11 0.11 0.09 0.09 0.98 0.93 0.97 + 0.96 0.73 0.77 + 0.02 0.00 0.02 unch 0.03 0.00 0.02 0.00 0.00 0.00 + 0.00 0.00 0.15 unch 0.27 0.22 0.23 0.33 0.28 0.29 0.18 0.16 0.16 0.15 0.11 0.12 0.04 0.03 0.04 + 0.05 0.04 0.04 0.35 0.29 0.32 0.25 0.00 0.25 1.18 0.98 1.02 0.89 0.77 0.83 0.09 0.08 0.08 unch 0.03 0.03 0.03 unch 0.05 0.00 0.05 + 0.04 0.00 0.03 unch 0.50 0.43 0.48 + 0.39 0.34 0.35 0.12 0.00 0.12 + 0.18 0.13 0.18 + 0.02 0.02 0.02 unch 0.39 0.00 0.34 0.09 0.00 0.09 + 2.50 0.00 2.21 1.97 1.97 1.97 unch 0.12 0.11 0.11 0.14 0.00 0.14 unch 0.30 0.26 0.29 0.32 0.30 0.31 + 0.05 0.00 0.04 + 0.08 0.07 0.07 0.07 0.05 0.05 0.00 0.00 0.12 unch 0.60 0.52 0.55 0.39 0.35 0.38 0.24 0.22 0.22 0.29 0.00 0.29 0.55 0.00 0.55 + 0.00 0.00 0.05 unch 3.80 3.57 3.59 4.63 4.57 4.60 unch 0.48 0.38 0.39 0.56 0.46 0.46 0.02 0.00 0.02 unch 0.05 0.05 0.05 0.07 0.00 0.06 0.00 0.00 0.09 unch 0.35 0.30 0.31 0.28 0.23 0.24 0.31 0.00 0.31 0.41 0.00 0.40 + 0.49 0.43 0.44 0.61 0.54 0.54 0.07 0.00 0.07 unch 0.09 0.07 0.09 unch 0.00 0.00 0.26 unch 0.15 0.13 0.14 unch 0.14 0.10 0.11 31.65 0.00 31.65 + 0.07 0.05 0.05 0.09 0.00 0.08 0.00 0.00 0.17 unch 0.20 0.15 0.16 0.28 0.00 0.25 0.45 0.00 0.45 + 0.09 0.07 0.08 0.60 0.00 0.54 0.09 0.09 0.09 unch 0.12 0.00 0.11 + 0.06 0.05 0.05 0.07 0.07 0.07 unch 0.60 0.57 0.57 0.75 0.72 0.73 1.77 1.67 1.72 1.38 1.34 1.35 0.50 0.00 0.21 + 0.00 0.00 0.14 unch 0.68 0.00 0.65 0.57 0.51 0.52 0.02 0.02 0.02 unch 0.34 0.00 0.33 0.07 0.06 0.06 0.09 0.08 0.08 0.13 0.12 0.13 unch 0.10 0.09 0.10 + 0.53 0.40 0.45 0.19 0.15 0.16 0.25 0.21 0.21 37.01 34.69 35.32 0.14 0.12 0.12 0.15 0.00 0.14 0.19 0.17 0.17 0.78 0.58 0.66 0.57 0.47 0.52 0.61 0.44 0.50 0.17 0.16 0.16 0.22 0.00 0.21 unch 0.13 0.11 0.11 + 0.17 0.14 0.14 + 0.23 0.23 0.23 unch 0.10 0.09 0.10 0.08 0.07 0.07 -

High Low

0.03 0.50 0.12 0.03 0.42 0.18 0.05 0.49 0.24 0.18 3.00 0.65 0.20 3.73 2.13 0.08 1.30 0.19 0.21 4.55 2.36 0.14 5.85 2.75 0.01 0.24 0.12 0.00 0.18 0.06 2.51 435.62 258.18 0.01 0.20 0.04 0.02 0.22 0.05 0.01 0.25 0.06 0.00 3.45 1.10 0.01 0.25 0.03 0.00 0.12 0.01 0.03 0.94 0.24 0.01 1.19 0.30 0.00 0.27 0.13 0.02 2.55 0.35 0.54 7.74 5.27 0.50 6.40 4.21 0.00 0.36 0.12 0.01 0.43 0.15 0.00 0.50 0.14 0.01 0.40 0.12 0.01 0.30 0.06 0.00 1.26 0.01 0.23 1.63 0.40 0.11 2.15 0.49 0.02 0.20 0.05 0.00 1.45 0.44 0.07 1.71 0.90 0.08 2.07 1.15 0.01 0.10 0.05 0.04 2.00 0.25 0.22 5.19 1.47 0.03 0.75 0.11 0.01 0.59 0.09 0.03 1.43 0.45 0.02 1.81 0.32 0.00 0.08 0.01 0.01 0.11 0.02 0.00 0.01 0.00 0.00 0.28 0.11 0.01 0.34 0.09 0.03 0.42 0.11 0.01 1.00 0.08 0.02 0.83 0.11 0.00 0.09 0.03 0.01 0.11 0.04 0.03 1.03 0.24 0.04 0.82 0.20 0.12 1.34 0.18 0.11 1.08 0.14 0.00 0.17 0.05 0.00 0.06 0.03 0.01 0.07 0.03 0.00 0.13 0.03 0.01 0.88 0.32 0.05 0.71 0.25 0.01 0.45 0.09 0.04 0.57 0.11 0.00 0.04 0.02 0.05 0.57 0.23 0.01 0.20 0.07 0.01 3.50 2.20 0.00 2.62 1.78 0.01 0.20 0.03 0.00 0.21 0.05 0.01 0.31 0.07 0.01 0.59 0.19 0.00 0.13 0.04 0.02 0.16 0.04 0.01 0.13 0.03 0.00 0.15 0.08 0.04 0.99 0.52 0.02 0.71 0.14 0.02 0.40 0.00 0.01 0.42 0.20 0.05 0.60 0.40 0.00 0.06 4.16 1.85 0.00 5.25 2.26 0.04 0.94 0.27 0.08 0.74 0.30 0.00 0.04 0.01 0.00 0.12 0.04 0.01 0.15 0.05 0.00 0.20 0.07 0.05 0.69 0.23 0.04 0.54 0.17 0.00 0.52 0.24 0.02 0.65 0.30 0.04 0.63 0.38 0.06 0.75 0.48 0.00 0.14 0.06 0.00 0.17 0.07 0.00 0.30 0.13 0.00 0.31 0.12 0.00 0.24 0.10 2.55 44.65 24.16 0.01 0.08 0.04 0.01 0.18 0.05 0.00 0.48 0.16 0.01 0.49 0.12 0.10 0.37 0.04 0.01 0.69 0.31 0.02 0.35 0.07 0.02 0.70 0.18 0.00 0.12 0.07 0.01 0.15 0.09 0.00 0.17 0.04 0.00 0.20 0.05 0.03 0.90 0.52 0.03 1.31 0.59 0.05 2.85 0.69 0.00 1.84 1.25 0.02 0.63 0.14 0.00 0.43 0.10 0.03 1.06 0.60 0.03 0.85 0.47 0.00 0.04 0.01 0.01 4.00 0.21 0.00 0.86 0.05 0.01 0.95 0.07 0.00 0.21 0.08 0.00 0.16 0.01 0.03 0.79 0.28 0.03 0.51 0.11 0.04 0.64 0.14 0.93 43.24 20.78 0.01 0.19 0.06 0.01 0.41 0.12 0.01 0.51 0.15 0.02 0.82 0.40 0.02 0.64 0.31 0.08 1.35 0.25 0.00 0.27 0.11 0.00 0.35 0.15 0.00 0.15 0.03 0.02 0.17 0.06 0.00 0.40 0.22 0.01 0.17 0.06 0.01 0.12 0.00

N-O 34.87 0.23 0.18 33.95 1.12 0.49 0.39 6.45 0.82 0.45 0.35 1.07 0.63 0.75 0.08 0.10 0.35 0.42 0.50 0.47 0.08 0.06

29.30 30.50 0.00 0.22 0.17 0.17 29.51 33.43 + 0.96 0.97 0.37 0.39 0.29 0.30 6.37 6.40 0.75 0.77 0.38 0.40 0.30 0.30 0.94 0.99 0.50 0.51 0.63 0.66 0.06 0.07 0.08 0.09 unch 0.25 0.27 0.32 0.34 0.41 0.42 0.39 0.39 0.00 0.07 0.05 0.05 -

0.13 0.01 0.01 3.97 0.12 0.11 0.09 0.05 0.01 0.07 0.05 0.01 0.06 0.05 0.00 0.00 0.04 0.06 0.03 0.09 0.01 0.01

44.00 0.43 0.40 34.92 5.00 1.31 1.21 6.45 0.89 2.05 1.62 1.07 0.99 3.15 0.17 0.22 1.50 0.84 0.78 0.60 0.18 0.15

20.05 0.20 0.14 13.36 1.01 0.08 0.00 1.32 0.16 0.30 0.25 0.11 0.39 0.49 0.06 0.08 0.23 0.27 0.30 0.22 0.05 0.04

(100s) Stock

Exc Volume

Nevada Zinc Nevado Res NevGold* NevGold New Age Metals* New Age Metals New Destiny Mg* New Destiny Mg New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Jersey Mng* New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp* Newmont Corp Neworigin Gold Newport Expl NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold Nfld Discovery Nfld Discovery* NGEx Minerals NGEx Minerals* Nickel 28 Nickel Creek Nickel Creek* Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Nobel Res Nobel Res* Noble Metal Noble Mineral Noble Mineral* Noka Res* Noram Vent* Noram Vent Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl* North Am Nickl North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light Northern Light* Northern Uran Northisle C&G * Northisle C&G Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* NSGold NSJ Gold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nubian Res* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold* NV Gold O2Gold O3 Mining OceanaGold OceanaGold* Oceanic Iron O Oceanus Res* Oceanus Res Odyssey Res Olivut Res* Olivut Res Omai Gold Omai Gold* Omineca Mining* Omineca Mining One World Lith* One World Lith Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent Optimus Gold Opus One Gold Opus One Gold* Orca Gold* Orca Gold Ord Mountain Orea Mining* Orea Mining Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold* Orezone Gold Orford Mining Origen Res* Origen Res Original Sixtn* Orla Mining Oroco Res* Oroco Res Orocobre

V 229 V 11 O 8 V 404 O 998 V 1709 O 55 V 30 O 45 V 14 V 1126 T 8087 X 38022 O 88 T 349 X 841 V 524 O 183 V 1432 V 111 O 2 C 163 O 24 V 423 O 122 T 5 O 17 C 1083 V 0 N 23210 T 639 V 198 V 944 O 61 V 183 T 1 N 685 T 13186 X 12990 T 839 O 181 V 2194 C 383 O 121 V 252 O 7 V 488 T 830 O 293 V 2 V 266 O 301 V 512 O 19 O 32 T 166 V 222 V 52 T 488 O 1058 V 640 O 95 V 1362 O 78 V 0 V 1585 O 199 O 6 O 287 V 421 O 359 O 123 V 883 V 333 V 66 V 0 V 100 O 339 C 981 O 50 V 396 O 172 V 1028 O 420 V 988 O 197694 O 90 V 227 T 40 C 2785 O 297 V 1194 O 92 V 124 C 124 O 126 O 235 V 2321 V 174 T 1431 O 88 V 355 N 884 T 408 X 3254 T 819 V 1812 O 855 V 0 O 36 V 1295 V 63 O 57 V 17 C 98 C 435 T 430 X 15368 O 11 V 36 C 3454 O 941 V 3670 O 2579 N 11237 T 5512 O 386 V 682 V 516 V 94 T 3107 O 2 V 208 O 356 V 620 V 9 O 47 V 44 V 466 O 85 O 57 V 200 O 152 C 788 V 551 O 93 V 658 O 132 V 188 V 10 V 228 O 40 O 185 V 540 V 0 O 2132 T 536 V 1332 V 750 O 82 V 210 O 155 V 503 V 38 O 40 C 217 O 128 T 1120 O 500 V 875 T 262

(100s) Stock

Week

12-month

High

Low

Last

Change

0.08 0.12 0.58 0.60 0.11 0.13 0.04 0.04 0.09 0.12 7.86 2.07 1.64 0.46 4.30 3.39 0.10 0.08 0.79 0.17 0.04 0.06 2.47 0.65 0.50 22.75 18.00 0.34 0.00 56.51 71.76 0.11 0.52 0.07 0.09 10.36 8.67 6.59 5.19 3.68 0.03 0.04 0.45 0.35 1.42 1.14 1.00 0.11 0.09 0.04 0.14 0.12 0.10 0.07 0.74 0.93 0.41 0.15 1.54 1.23 0.03 0.02 0.78 0.65 0.00 0.14 0.11 0.47 0.64 0.81 30.18 0.64 0.77 0.05 0.17 0.00 0.30 0.86 1.11 0.02 0.02 0.52 0.65 0.07 0.08 0.00 0.90 1.33 0.05 0.04 0.03 0.05 0.15 0.20 0.21 0.17 0.75 0.95 0.09 0.06 0.05 11.45 9.07 9.69 7.64 1.57 0.92 0.72 0.00 0.15 0.05 0.80 0.67 0.28 0.09 0.06 0.51 0.40 0.16 0.21 0.02 0.02 0.04 0.04 71.05 90.29 0.11 0.13 0.09 2.15 2.68 2.05 0.13 0.52 0.66 0.05 0.04 0.05 0.12 0.27 0.14 0.17 0.08 0.10 0.42 0.34 0.16 0.11 0.58 0.20 0.06 0.04 0.45 0.56 0.00 0.11 0.15 0.06 0.07 0.09 0.11 1.02 1.29 0.18 0.25 0.33 1.05 5.46 2.10 2.68 8.99

0.00 0.00 0.44 0.52 0.09 0.12 0.04 0.00 0.09 0.00 7.12 1.82 1.43 0.43 3.88 3.05 0.00 0.07 0.44 0.14 0.04 0.06 2.36 0.56 0.44 20.90 17.08 0.30 0.00 54.61 69.45 0.00 0.46 0.06 0.00 0.00 7.63 5.82 4.55 3.07 0.02 0.03 0.38 0.29 1.28 0.00 0.84 0.09 0.07 0.00 0.12 0.10 0.00 0.07 0.69 0.89 0.35 0.00 1.27 1.00 0.00 0.01 0.62 0.51 0.00 0.12 0.09 0.00 0.57 0.73 28.50 0.56 0.75 0.04 0.00 0.00 0.25 0.70 0.88 0.02 0.00 0.41 0.48 0.06 0.07 0.00 0.75 0.94 0.00 0.04 0.03 0.04 0.14 0.18 0.20 0.16 0.61 0.77 0.00 0.06 0.00 9.61 7.57 8.90 6.97 1.45 0.66 0.51 0.00 0.12 0.00 0.00 0.56 0.00 0.00 0.00 0.49 0.38 0.00 0.00 0.01 0.01 0.03 0.03 66.64 85.11 0.09 0.00 0.07 2.01 2.36 0.00 0.00 0.45 0.58 0.00 0.03 0.00 0.10 0.00 0.12 0.00 0.07 0.09 0.37 0.30 0.12 0.09 0.50 0.00 0.05 0.04 0.41 0.53 0.00 0.10 0.12 0.00 0.06 0.07 0.00 0.92 1.20 0.00 0.25 0.28 1.00 5.11 1.84 2.36 8.05

0.08 + 0.11 unch 0.44 unch 0.54 + 0.09 0.12 0.04 + 0.04 unch 0.09 + 0.11 unch 7.38 1.88 1.50 0.43 3.92 3.11 0.10 unch 0.07 0.48 0.14 0.04 unch 0.06 2.37 + 0.56 0.45 22.38 17.08 0.30 0.29 unch 55.94 70.86 0.10 unch 0.47 0.06 0.08 unch 10.14 7.82 5.98 4.76 3.15 0.03 unch 0.03 unch 0.38 0.30 1.37 + 1.05 unch 0.87 0.09 0.07 0.04 unch 0.12 0.10 0.09 0.07 0.69 0.90 0.36 0.13 + 1.28 1.01 0.02 0.02 + 0.68 0.56 0.01 unch 0.13 + 0.11 + 0.41 0.58 0.73 28.56 0.60 0.75 0.04 unch 0.14 + 0.05 unch 0.26 0.70 0.90 0.02 + 0.02 unch 0.43 0.53 0.06 0.08 + 0.00 0.89 + 1.30 + 0.05 + 0.04 unch 0.03 + 0.05 unch 0.15 0.19 0.20 0.16 0.65 0.81 0.08 0.06 0.05 9.98 7.92 8.97 7.03 1.45 0.78 + 0.61 + 0.41 unch 0.12 0.04 0.70 0.57 0.28 + 0.09 unch 0.06 + 0.50 0.38 0.15 0.19 0.02 unch 0.01 unch 0.04 unch 0.03 67.68 86.70 + 0.10 0.13 0.07 + 2.04 2.39 1.97 0.12 0.49 0.60 0.05 unch 0.04 + 0.05 0.11 0.08 0.12 0.16 0.07 0.09 unch 0.40 0.30 0.14 unch 0.11 + 0.50 unch 0.20 + 0.05 unch 0.04 unch 0.41 0.53 0.20 unch 0.11 0.15 + 0.06 0.07 + 0.07 0.10 0.95 1.22 0.17 0.25 0.33 + 1.05 unch 5.23 1.95 2.50 8.42 +

0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.02 0.00 0.40 0.14 0.09 0.00 0.33 0.25 0.00 0.01 0.25 0.06 0.00 0.01 0.00 0.06 0.05 0.37 1.40 0.04 0.00 0.61 0.71 0.00 0.03 0.00 0.00 0.50 0.57 0.34 0.26 0.39 0.00 0.00 0.05 0.06 0.07 0.00 0.02 0.01 0.01 0.00 0.02 0.01 0.01 0.01 0.05 0.04 0.05 0.02 0.04 0.04 0.01 0.00 0.09 0.06 0.00 0.02 0.02 0.09 0.04 0.06 1.49 0.01 0.01 0.00 0.01 0.00 0.02 0.12 0.15 0.00 0.00 0.06 0.09 0.01 0.01 0.00 0.01 0.10 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.01 0.05 0.01 0.01 0.00 1.32 1.06 0.69 0.60 0.09 0.11 0.07 0.00 0.00 0.01 0.09 0.04 0.02 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.20 0.82 0.02 0.01 0.01 0.10 0.23 0.13 0.01 0.04 0.06 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.03 0.04 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.04 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.07 0.07 0.02 0.02 0.01 0.00 0.18 0.05 0.07 0.25

High Low 0.18 0.19 0.58 0.65 0.19 0.24 0.08 0.10 0.17 0.12 13.50 3.05 2.40 0.60 9.02 5.84 0.38 0.29 0.79 0.28 0.10 0.15 4.07 0.77 0.63 30.25 22.70 0.61 0.31 75.31 90.94 0.30 0.60 0.17 0.22 15.87 12.86 8.09 6.50 5.30 0.08 0.09 0.86 0.68 1.45 1.29 1.14 0.19 0.15 0.07 1.18 0.93 0.25 0.20 1.17 1.48 1.19 0.22 2.08 1.65 0.06 0.05 1.03 0.87 0.03 0.21 0.17 0.87 0.99 1.25 38.21 0.70 0.87 0.13 0.39 0.15 0.76 0.97 1.25 0.12 0.06 0.52 0.65 0.10 0.15 0.00 0.95 1.33 0.10 0.09 0.07 0.09 0.40 0.42 0.45 0.36 0.91 1.10 0.23 0.10 0.08 27.40 17.24 13.99 11.03 3.70 0.92 0.72 0.69 0.35 0.10 1.55 1.26 0.43 0.37 0.46 1.45 1.15 0.46 0.59 0.05 0.05 0.20 0.16 73.50 91.15 0.34 0.40 0.38 3.38 2.85 2.21 0.32 0.67 0.79 0.07 0.11 0.11 0.27 0.19 0.38 0.41 0.13 0.16 0.65 0.54 0.31 0.24 0.65 0.35 0.09 0.07 0.75 0.93

0.05 0.11 0.22 0.20 0.05 0.07 0.00 0.04 0.04 0.07 3.15 1.29 1.01 0.22 3.58 2.83 0.08 0.06 0.19 0.14 0.04 0.05 1.59 0.45 0.36 20.16 16.01 0.15 0.06 53.03 66.25 0.10 0.34 0.05 0.07 8.35 6.50 2.23 1.71 0.50 0.02 0.03 0.30 0.24 0.48 0.38 0.35 0.08 0.05 0.03 0.07 0.06 0.09 0.07 0.58 0.73 0.32 0.09 0.69 0.53 0.02 0.01 0.31 0.35 0.01 0.07 0.05 0.32 0.25 0.33 27.38 0.12 0.16 0.04 0.12 0.05 0.25 0.36 0.45 0.01 0.02 0.11 0.14 0.04 0.05 0.00 0.25 0.36 0.04 0.03 0.02 0.01 0.00 0.16 0.19 0.12 0.40 0.50 0.07 0.05 0.03 5.30 5.07 8.21 6.48 1.45 0.23 0.18 0.30 0.03 0.03 0.54 0.43 0.21 0.09 0.04 0.39 0.31 0.16 0.19 0.01 0.00 0.03 0.02 46.25 59.45 0.09 0.12 0.06 1.91 1.58 1.32 0.12 0.28 0.35 0.04 0.03 0.04 0.09 0.00 0.12 0.14 0.05 0.06 0.12 0.11 0.12 0.09 0.33 0.12 0.03 0.02 0.32 0.41

0.26 0.31 0.18 0.16 0.17 0.22 1.39 1.70 0.27 0.33 0.55 1.06 7.30 3.02 3.66 9.17

0.06 0.08 0.05 0.05 0.06 0.08 0.68 0.87 0.13 0.20 0.14 0.06 3.71 1.06 1.37 3.60

Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold Outback Gold* Outcrop S&G Outcrop S&G* OZ Minerals*

Exc Volume

Week Low

0.00 0.30 unch 0.00 0.24 unch 0.35 0.36 0.31 0.31 0.95 0.95 1.20 1.20 3.97 3.97 12.30 12.50 15.72 15.79 0.32 0.32 0.40 0.41 2.99 3.00 0.05 0.05 unch 0.06 0.06 0.20 0.20 0.18 0.18 0.18 0.18 0.13 0.14 18.30 18.30 unch

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

0 28 82 66 40 192 67 2605 1244 36 185 2545 10 403 398 47 386 454 5

0.00 0.24 0.40 0.32 1.01 1.28 4.17 13.13 16.62 0.32 0.42 3.32 0.05 0.07 0.25 0.20 0.22 0.18 18.37

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Booker Min* O Pac Booker Min V Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Palayan Res* O Paleo Resource V Paleo Resource* O Palladium One V Palladium One* O Pampa Metals* O Pampa Metals C Pan Am Silver T Pan Am Silver* D Pan Global Res* O Pan Global Res V Pancontinental* O Pancontinental V Pangolin Dia V V Panoro Mnrls Panoro Mnrls* O Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold* X Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls C Peloton Mnrls* O PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Phoenix Metals V O Pine Cliff En* Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res* O Portofino Res V Power Group V Power Group* O Power Metals* O Power Metals V PPX Mining* O Precipitate Gl* O Precipitate Gl V Pretium Res* N Pretium Res T Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V O Prog Planet* Prog Planet V Promithian Gl * O Prophecy Pot C Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V QNB Metals C Quadro Res* O Quadro Res V Quantum Batt C Quantum Batt* O Quartz Mtn Res* O Quartz Mtn Res V Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C Questex Gold* O Questex Gold V

206 679 1 1 15 17 45 308 20 1 120 52 100 6889 1402 421 360 122 130 2054 513 58 195 2218 9552 154 805 199 222 290 296 100 600 36 62 115 0 420 503 481 12 128 136 252 26400 693 70 27 177 92 31 57 94 547 106 816 148 353 163 305 243 701 513 0 17 254 1769 169 2082 63 5 103 47 25 1024 637 4879 345 439 37 105 425 3 157 428 0 188 653 687 11 265 147 7510 1969 403 15 512 74 187 343 28 27 23 178 3 60 108 70 1078 97 181 109 108 81 58 577 173 146 1287 2859 4400 5 110 2108 2675 177 377 503 43 525 559 21 45 407 119 1 0 28 246 573 291 227 44 144

0.65 0.76 0.20 0.00 2.06 2.60 0.03 0.15 0.11 0.03 0.04 0.03 0.60 0.74 0.33 0.27 0.07 0.02 0.02 0.20 0.16 0.33 0.41 33.71 26.43 0.63 0.80 0.10 0.13 0.01 0.18 0.00 0.30 0.05 0.15 0.40 0.00 0.81 0.15 0.05 0.56 0.70 0.10 0.09 12.17 0.06 0.05 0.10 0.12 0.09 0.07 0.44 7.02 5.60 1.67 0.05 0.16 0.21 0.03 0.07 0.09 0.49 0.38 0.00 0.90 0.69 0.24 0.55 0.73 0.29 99.31 0.20 0.03 0.04 0.05 3.31 2.61 0.04 0.10 0.08 0.08 3.15 3.97 0.10 0.13 0.00 0.04 0.21 0.26 0.08 0.08 0.10 14.04 18.06 0.13 3.72 4.81 0.11 0.34 0.07 1.52 1.91 0.41 0.50 3.00 0.30 1.70 0.74 0.17 0.07 0.05 0.14 0.12 0.70 0.35 0.45 1.90 2.44 0.69 0.84 0.12 0.10 0.13 0.35 0.29 0.22 0.28 0.10 0.06 0.19 0.27 0.15 0.05 0.07 1.30 1.08 0.00 0.25 0.22 0.17 0.36 0.20 0.51 0.66

0 228 365 25 394 59 15 1 2685

0.00 0.25 0.37 0.08 0.46 3.20 0.19 0.61 0.99

Last

12-month

High

Change

Stock

0.00 0.00 0.05 0.02 0.07 0.09 0.21 0.69 0.91 0.01 0.01 0.29 0.00 0.01 0.05 0.02 0.04 0.04 0.00

0.37 0.29 0.54 0.39 1.40 1.61 10.10 15.12 18.40 0.42 0.52 4.00 0.09 0.10 1.55 1.22 0.69 0.40 21.04

0.20 0.02 0.23 0.18 0.80 1.01 3.94 9.77 12.39 0.30 0.35 2.33 0.03 0.04 0.19 0.15 0.16 0.13 12.03

0.52 0.68 0.20 0.09 unch 1.89 2.45 0.03 unch 0.15 + 0.11 + 0.03 unch 0.04 unch 0.03 + 0.49 0.64 0.28 + 0.22 + 0.06 0.02 0.02 + 0.18 0.14 0.29 0.35 32.66 25.79 0.55 0.73 0.09 0.12 0.01 unch 0.17 0.14 unch 0.25 0.05 0.14 0.39 0.15 unch 0.77 0.14 0.05 + 0.56 unch 0.68 unch 0.09 0.06 10.50 + 0.06 unch 0.05 + 0.08 0.11 0.08 0.06 + 0.36 6.30 4.87 1.61 0.05 unch 0.15 0.19 unch 0.02 unch 0.07 + 0.09 + 0.39 0.31 0.10 unch 0.80 0.59 0.20 0.52 0.68 0.22 93.41 0.15 0.03 unch 0.04 unch 0.04 unch 2.90 2.34 0.04 unch 0.09 0.08 0.07 2.95 3.80 0.10 0.12 0.04 unch 0.03 0.18 0.21 0.08 unch 0.07 0.09 13.76 17.48 0.13 + 3.44 4.39 0.10 0.32 + 0.07 1.43 1.86 0.36 0.46 3.00 unch 0.25 + 1.60 0.67 0.17 + 0.07 unch 0.05 0.13 0.10 0.59 0.30 0.40 1.66 2.15 0.61 0.78 0.09 0.10 + 0.11 0.29 0.23 0.21 0.25 0.07 0.06 0.19 + 0.25 + 0.12 0.05 + 0.07 + 1.03 1.08 unch 0.16 unch 0.25 + 0.16 0.14 0.30 unch 0.20 + 0.43 0.57 -

0.08 0.08 0.01 0.00 0.17 0.15 0.00 0.02 0.00 0.00 0.00 0.01 0.12 0.04 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.04 1.25 0.99 0.06 0.04 0.01 0.01 0.00 0.01 0.00 0.04 0.00 0.01 0.01 0.00 0.04 0.01 0.01 0.00 0.00 0.03 0.01 0.63 0.00 0.01 0.01 0.02 0.01 0.00 0.06 0.68 0.67 0.01 0.00 0.03 0.00 0.00 0.00 0.01 0.11 0.07 0.00 0.16 0.08 0.04 0.05 0.04 0.07 14.45 0.04 0.00 0.00 0.00 0.40 0.28 0.00 0.01 0.07 0.01 0.11 0.09 0.01 0.01 0.00 0.01 0.02 0.04 0.00 0.01 0.01 0.27 0.28 0.01 0.32 0.31 0.01 0.01 0.02 0.10 0.07 0.05 0.06 0.00 0.02 0.09 0.05 0.02 0.00 0.01 0.01 0.01 0.09 0.03 0.05 0.07 0.06 0.05 0.08 0.02 0.02 0.02 0.04 0.03 0.01 0.02 0.04 0.03 0.03 0.04 0.04 0.00 0.01 0.24 0.00 0.00 0.03 0.05 0.01 0.00 0.02 0.10 0.09

1.00 0.83 0.26 0.18 3.10 3.75 0.08 0.33 0.30 0.06 0.08 0.06 1.09 0.80 0.37 0.36 1.09 0.04 0.10 0.40 0.32 1.07 0.72 50.70 39.62 0.68 0.84 0.16 0.20 0.05 0.23 0.18 0.34 0.07 1.02 0.65

0.23 0.30 0.14 0.08 1.37 1.73 0.02 0.05 0.04 0.03 0.04 0.02 0.38 0.10 0.16 0.13 0.03 0.01 0.00 0.15 0.10 0.23 0.27 27.97 22.27 0.00 0.38 0.06 0.08 0.01 0.11 0.08 0.12 0.05 0.05 0.27

1.59 0.84 0.09 2.66 3.08 0.50 0.23 19.83 0.10 0.10 0.17 0.23 0.14 0.11 0.53 14.40 9.45 1.69 0.07 0.18 0.22 0.03 0.12 0.15 0.85 1.10 0.10 1.29 0.74 0.55 0.72 0.90 0.41 123.00 0.25 0.06 0.06 0.09 8.00 6.27 0.05 0.30 0.23 0.26 5.41 6.71 0.20 0.23 0.16 0.10 0.35 0.43 0.50 0.24 0.29 14.79 18.57 0.17 4.15 5.24 0.14 0.62 0.11 1.71 2.15 0.48 0.60 13.50 0.52 2.75 2.40 0.18 0.20 0.16 0.90 0.85 11.40 0.50 0.64 2.11 2.63 2.42 3.08 0.20 0.37 0.43 0.47 4.12 0.27 0.33 0.26 0.21 0.47 0.60 0.25 0.16 0.17 5.85 5.85 0.29 0.36 0.30 0.25 0.41 0.27 1.07 1.37

0.74 0.11 0.02 0.51 0.65 0.07 0.03 1.21 0.03 0.02 0.08 0.11 0.07 0.05 0.12 5.45 4.38 0.99 0.04 0.02 0.04 0.01 0.04 0.04 0.35 0.28 0.05 0.40 0.20 0.19 0.18 0.21 0.13 80.55 0.14 0.02 0.03 0.04 2.29 1.79 0.03 0.09 0.00 0.06 2.69 3.28 0.06 0.08 0.04 0.03 0.13 0.17 0.00 0.06 0.07 8.29 10.40 0.06 1.01 1.42 0.04 0.19 0.06 0.99 1.26 0.06 0.06 2.50 0.10 0.20 0.61 0.07 0.07 0.00 0.12 0.00 0.64 0.12 0.14 0.50 0.66 0.59 0.76 0.04 0.08 0.09 0.15 0.11 0.16 0.20 0.06 0.06 0.15 0.20 0.05 0.04 0.05 0.55 0.14 0.00 0.12 0.06 0.04 0.10 0.05 0.37 0.47

Rathdowney Res Ready Set Gold Ready Set Gold* Recharge Res* Recharge Res Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res* Riverside Res RJK Explor* RJK Explor Robex Res Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold* RosCan Gold Ross River Rover Metals* Rover Metals Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining RTG Mining * Rugby Mng Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.41 unch 0.25 + 0.32 0.08 unch 0.43 unch 2.57 + 0.19 0.61 + 0.82 -

0.00 0.01 0.03 0.00 0.00 0.11 0.03 0.20 0.14

0.50 0.40 0.38 0.12 0.50 14.50 0.26 2.00 4.13

0.15 0.20 0.20 0.04 0.16 1.57 0.08 0.00 0.50

S2 Minerals Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res Sable Res* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Sama Res Sama Res* Samco Gold San Lorenzo* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sassy Res* Sassy Res Satori Res Satori Res* Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightRes Secova Metals Secova Metals* Sego Res Select Sands Sennen Potash Sentinel Res Sentinel Res* Serabi Gold Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Grande* Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* Sigma Lithium Signature Res Signature Res* Silver Bear Rs* Silver Bear Rs Silver Bull Re Silver Bull Re* Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Grail Silver Hammer Silver Hammer* Silver One* Silver One Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce Silver Spruce* Silver Valley* Silver Valley Silver Viper*

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

P-Q 0.51 0.62 0.00 0.00 1.89 2.40 0.00 0.11 0.10 0.03 0.00 0.00 0.49 0.59 0.28 0.22 0.06 0.00 0.00 0.17 0.13 0.27 0.35 31.59 24.91 0.55 0.71 0.09 0.00 0.00 0.00 0.00 0.23 0.00 0.14 0.38 0.00 0.74 0.13 0.04 0.00 0.00 0.00 0.06 10.00 0.05 0.04 0.08 0.11 0.08 0.06 0.35 6.16 4.81 1.47 0.04 0.13 0.17 0.02 0.07 0.08 0.39 0.29 0.00 0.80 0.58 0.19 0.45 0.57 0.21 0.00 0.00 0.00 0.04 0.04 2.84 2.22 0.00 0.09 0.08 0.07 2.90 0.00 0.09 0.12 0.00 0.03 0.16 0.21 0.00 0.07 0.00 13.66 17.39 0.13 3.44 4.33 0.00 0.30 0.00 1.43 1.80 0.36 0.44 2.55 0.00 1.55 0.00 0.14 0.07 0.05 0.12 0.10 0.58 0.29 0.38 1.62 2.05 0.59 0.76 0.09 0.10 0.00 0.28 0.22 0.20 0.25 0.06 0.06 0.15 0.20 0.12 0.05 0.06 0.99 1.08 0.00 0.00 0.16 0.12 0.28 0.00 0.43 0.54

R Rackla Metals Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element*

V V V C C O V O O

0.00 0.00 0.00 0.08 0.41 2.53 0.00 0.00 0.73

(100s)

High Low

Exc Volume

Week High

Low

177 1586 50 330 663 3167 229 0 454 480 382 1383 360 107 55 171 718 424 440 0 305 2182 2077 11 35 334 11 9 15340 1 476 589 118 136 169 161 84 618 595 3 53 191 117 784 215 249 1816 12 113 145 1039 114 177 3106 61 11 26 297 2657 0 36 2872 2558 16 1831 1471 17 797 26 34 10 228 215 14 468 614

0.04 0.11 0.10 0.05 0.05 0.59 1.07 0.00 0.07 0.09 0.08 0.15 0.12 0.65 0.52 0.25 0.75 0.91 1.08 0.00 0.34 0.06 0.07 0.28 0.39 0.05 0.05 63.82 64.67 68.41 0.73 0.58 0.41 0.52 0.13 0.17 0.12 0.15 0.41 0.05 6.64 7.85 0.05 0.07 0.09 0.12 0.24 0.10 0.24 0.15 0.50 0.33 0.41 0.05 0.04 0.19 0.26 0.28 0.38 0.00 0.06 0.07 0.07 0.04 106.16 0.29 0.04 0.06 0.10 0.10 0.14 0.03 5.11 4.01 0.06 0.05

0.00 0.00 0.10 0.03 0.04 0.50 1.00 0.00 0.06 0.08 0.07 0.12 0.00 0.61 0.48 0.00 0.62 0.79 0.90 0.00 0.31 0.05 0.06 0.28 0.00 0.00 0.00 60.00 60.74 0.00 0.66 0.52 0.00 0.43 0.12 0.16 0.10 0.11 0.40 0.00 5.26 6.65 0.05 0.06 0.08 0.00 0.20 0.00 0.20 0.13 0.46 0.31 0.39 0.04 0.03 0.19 0.24 0.23 0.31 0.00 0.05 0.06 0.05 0.04 100.89 0.25 0.04 0.05 0.00 0.07 0.00 0.00 4.95 3.91 0.00 0.04

2 557 1058 450 340 11 749 178 19 117 869 20 0 0 2041 194 63 51 6 6716 986 3010 513 87 540 253 5 150 40 834 153 175 286 185 337 3 51 403 0 43 443 1649 1036 1253 404 18 547 211 2884 22 298 432 0 492 90 1 1359 5 4 22706 850 272 2328 28 10 15 179 1257 4177 891 288 453 101 105 181 122 166 800 420 397 1190 511 1188 1416 823 698 76 19 7 19 7 322 312 2183 1681 180 292 236

0.15 1.24 1.58 0.25 0.19 1.49 0.16 0.12 0.26 0.34 0.18 0.12 0.00 0.13 0.14 0.14 0.08 0.17 0.20 6.67 8.44 0.37 0.21 0.44 0.56 0.14 0.10 3.56 0.35 0.05 0.15 0.18 0.15 0.11 0.68 0.53 0.15 0.19 0.00 0.72 25.16 19.91 0.25 0.25 0.24 0.19 0.07 0.09 0.22 0.14 0.08 0.06 0.00 0.47 0.40 1.29 0.43 0.12 3.68 13.39 0.25 0.12 0.15 0.09 0.07 0.48 0.55 2.15 1.69 10.30 12.98 0.08 0.06 0.08 0.11 0.55 0.45 0.80 0.63 0.24 0.31 0.18 0.93 0.73 0.38 0.46 0.38 0.09 0.14 0.13 0.16 0.13 0.17 0.06 0.04 0.14 0.17 0.43

Last

12-month Change

High Low

0.04 unch 0.11 0.10 unch 0.04 0.05 + 0.57 1.05 0.21 unch + 0.07 0.08 unch 0.08 unch 0.12 + 0.11 0.61 0.48 0.20 0.65 0.80 + 1.02 0.05 unch + 0.33 0.05 + 0.07 0.28 0.34 0.05 unch 0.05 unch + 60.66 + 62.33 + 68.41 0.67 0.53 0.37 + 0.47 0.12 0.16 unch + 0.12 + 0.15 + 0.40 0.05 5.36 6.79 + 0.05 0.06 unch + 0.09 0.11 unch + 0.22 0.10 + 0.22 + 0.15 0.47 0.31 0.40 0.04 unch + 0.04 0.19 + 0.25 0.27 + 0.38 0.26 unch 0.05 0.06 + 0.07 0.04 102.32 0.27 0.04 0.05 + 0.10 0.07 + 0.14 0.02 unch 5.00 3.91 0.05 0.04 unch

0.00 0.01 0.00 0.00 0.01 0.01 0.05 0.00 0.01 0.00 0.00 0.01 0.02 0.04 0.01 0.08 0.03 0.07 0.01 0.00 0.01 0.00 0.01 0.03 0.05 0.00 0.00 0.23 1.62 3.41 0.04 0.04 0.02 0.04 0.01 0.00 0.01 0.02 0.01 0.01 0.50 0.65 0.00 0.00 0.01 0.00 0.02 0.01 0.02 0.02 0.01 0.02 0.02 0.00 0.00 0.00 0.01 0.00 0.03 0.00 0.01 0.01 0.01 0.00 3.11 0.05 0.01 0.01 0.01 0.02 0.02 0.00 0.10 0.10 0.01 0.00

0.06 0.49 0.15 0.53 0.19 0.95 1.40 0.37 0.11 0.12 0.13 0.15 0.12 0.95 0.87 0.39 1.25 1.48 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.11 0.11 94.42 95.97 108.00 1.03 0.85 0.74 0.90 0.29 0.37 0.26 0.36 0.54 0.15 7.53 9.38 0.07 0.10 0.15 0.19 0.29 0.19 0.24 0.16 1.93 0.60 0.76 0.07 0.05 0.60 0.60 0.80 0.64

0.02 0.08 0.10 0.00 0.04 0.35 0.70 0.18 0.03 0.05 0.04 0.06 0.04 0.59 0.45 0.13 0.44 0.55 0.60 0.04 0.29 0.03 0.05 0.23 0.23 0.05 0.03 58.62 59.58 63.01 0.53 0.40 0.30 0.38 0.10 0.13 0.01 0.11 0.31 0.05 0.77 0.95 0.04 0.05 0.00 0.10 0.11 0.09 0.07 0.07 0.39 0.19 0.26 0.04 0.02 0.14 0.23 0.11 0.23

0.12 0.13 0.12 0.07 129.69 0.40 0.14 0.20 0.23 0.15 0.16 0.06 6.08 5.10 0.14 0.09

0.05 0.06 0.04 0.03 92.01 0.24 0.04 0.05 0.10 0.07 0.07 0.02 3.44 2.00 0.04 0.03

0.15 unch 1.19 1.50 0.21 0.16 1.45 + 0.16 0.12 0.24 0.31 + 0.17 + 0.11 0.05 unch 0.13 unch 0.11 + 0.11 + 0.08 0.15 0.19 6.32 8.02 0.31 0.19 0.38 0.49 + 0.13 + 0.10 3.11 0.29 + 0.05 0.14 0.17 0.14 unch 0.10 0.66 0.49 + 0.14 + 0.19 0.52 unch 0.68 24.06 19.14 0.19 + 0.25 0.22 unch 0.16 + 0.07 0.08 + 0.18 + 0.14 0.07 0.06 unch 0.45 unch + 0.42 + 0.33 1.26 0.40 unch 0.11 3.05 11.94 0.23 0.10 + 0.14 0.08 0.07 unch 0.40 0.51 + 1.88 + 1.50 + 9.69 + 12.13 0.07 0.05 0.07 0.10 0.49 0.39 0.69 0.54 0.21 0.28 0.16 0.80 0.64 0.33 0.41 0.33 0.09 + 0.14 0.10 0.16 unch 0.12 0.15 0.05 0.04 + 0.14 0.16 0.37

0.00 0.04 0.06 0.02 0.02 0.03 0.01 0.00 0.02 0.02 0.02 0.01 0.00 0.00 0.03 0.01 0.01 0.01 0.01 0.35 0.43 0.06 0.02 0.05 0.07 0.01 0.01 0.47 0.01 0.01 0.00 0.01 0.00 0.00 0.04 0.04 0.00 0.01 0.00 0.02 1.26 0.87 0.09 0.01 0.00 0.02 0.00 0.01 0.03 0.01 0.01 0.00 0.00 0.02 0.05 0.01 0.00 0.02 0.65 1.37 0.01 0.00 0.01 0.01 0.00 0.07 0.05 0.15 0.13 0.29 0.13 0.01 0.01 0.02 0.01 0.07 0.05 0.11 0.10 0.04 0.04 0.03 0.05 0.02 0.03 0.04 0.05 0.00 0.02 0.02 0.00 0.01 0.02 0.01 0.00 0.00 0.01 0.05

0.30 2.80 3.54 0.40 0.36 1.54 0.24 0.19 0.32 0.42 0.20 0.16

0.13 1.07 1.39 0.16 0.12 1.00 0.03 0.02 0.21 0.21 0.11 0.09

0.15 0.30 0.26 0.19 0.22 0.27 9.31 11.34 0.58 0.38 0.82 0.92 0.17 0.14 4.49 0.35 0.09 0.28 0.35 0.17 0.14 0.98 2.88 0.32 0.37 0.56 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.09 0.11 0.22 0.25 0.16 0.10

0.08 0.08 0.07 0.06 0.13 0.17 5.45 6.86 0.25 0.16 0.28 0.35 0.10 0.08 1.90 0.20 0.04 0.11 0.15 0.09 0.07 0.16 0.18 0.12 0.16 0.40 0.45 18.95 14.92 0.16 0.20 0.06 0.01 0.03 0.06 0.09 0.00 0.03 0.02

1.41 0.42 1.68 0.70 0.20 7.72 20.68 0.26 0.14 0.17 0.35 0.28 0.79 1.07 4.92 3.92 10.30 12.98 0.22 0.20 0.16 0.20 1.55 1.25 2.29 1.89 0.46 0.59 0.25 1.08 0.86 0.75 0.94 0.90 0.24 0.29 0.29 0.30 0.36 0.37 0.11 0.47 0.28 0.35 0.70

0.22 0.09 1.01 0.31 0.09 3.05 11.90 0.03 0.04 0.05 0.06 0.06 0.37 0.41 1.63 1.28 1.68 2.40 0.07 0.05 0.00 0.08 0.48 0.38 0.66 0.50 0.13 0.17 0.11 0.25 0.26 0.29 0.36 0.33 0.08 0.11 0.02 0.09 0.11 0.15 0.04 0.03 0.05 0.06 0.24

S 0.00 1.16 1.48 0.21 0.16 1.45 0.15 0.09 0.24 0.31 0.15 0.11 0.00 0.13 0.11 0.00 0.08 0.15 0.00 6.20 7.93 0.30 0.19 0.37 0.47 0.13 0.10 3.04 0.00 0.04 0.13 0.17 0.13 0.10 0.60 0.49 0.13 0.18 0.00 0.00 24.05 18.94 0.16 0.20 0.21 0.16 0.07 0.00 0.16 0.13 0.00 0.05 0.00 0.36 0.28 0.00 0.40 0.00 3.05 11.56 0.20 0.10 0.12 0.08 0.07 0.40 0.00 1.63 1.28 9.06 11.60 0.07 0.05 0.07 0.00 0.48 0.38 0.69 0.54 0.20 0.26 0.00 0.75 0.54 0.32 0.40 0.33 0.09 0.00 0.10 0.00 0.12 0.15 0.05 0.04 0.14 0.16 0.36

GLOBAL MINING NEWS

(100s) Stock Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met* Silvercorp Met SilverCrest* SilverCrest Silverstock Silverton Met Silverton Met* Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res SKRR Explor Sky Gold* Sky Gold Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res* Sparton Res SPC Nickel Spearmint Res* Spearmint Res Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Straightup Res Stratabd Mnr* Stratabd Mnr Strategic Metl Strategic Metl* Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor*

Week

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

THE NORTHERN MINER / DECEMBER 6–19, 2021

Low

Last

0.54 0.25 0.20 0.37 0.30 4.35 5.49 8.94 11.33 0.19 0.46 0.38 0.06 0.07 0.12 0.08 0.06 0.05 13.36 0.10 0.07 0.09 0.61 0.50 0.08 0.09 0.10 0.09 0.59 0.07 0.37 0.29 13.73 0.37 0.44 0.00 0.62 0.50 0.18 0.00 0.16 0.19 0.05 0.04 0.06 0.29 0.23 2.65 60.05 0.11 0.15 0.40 0.31 0.40 0.05 0.29 0.24 0.13 0.09 0.11 0.16 0.21 0.00 0.15 0.45 19.36 24.52 0.10 0.54 0.43 1.80 1.42 0.89 0.39 0.04 4.99 0.25 0.31 0.01 0.14 0.19 0.04 0.21 0.28 1.75 2.17 0.06 0.06 0.26 0.20 1.37 1.09 0.34 0.27 0.09 0.11 0.13 0.18 0.13 0.18 0.08 0.10 0.36 0.29 0.30 0.00 0.00 0.17 0.13 0.35 0.27 0.36 0.67 0.50

0.00 0.00 0.17 0.32 0.26 4.00 5.12 8.19 10.47 0.00 0.00 0.30 0.00 0.06 0.09 0.07 0.04 0.04 12.36 0.09 0.07 0.09 0.47 0.37 0.08 0.07 0.08 0.08 0.46 0.06 0.32 0.25 12.56 0.00 0.39 0.00 0.00 0.46 0.00 0.00 0.14 0.17 0.04 0.04 0.05 0.24 0.19 0.00 56.27 0.11 0.00 0.33 0.26 0.00 0.00 0.23 0.19 0.06 0.08 0.09 0.13 0.18 0.00 0.12 0.38 17.68 22.58 0.09 0.48 0.37 0.00 1.12 0.00 0.00 0.03 0.00 0.19 0.25 0.00 0.14 0.18 0.04 0.19 0.24 1.53 1.95 0.04 0.06 0.21 0.17 0.00 1.04 0.27 0.22 0.00 0.08 0.12 0.15 0.00 0.18 0.00 0.09 0.32 0.25 0.00 0.00 0.00 0.14 0.11 0.28 0.23 0.00 0.56 0.45

0.44 0.25 0.18 0.33 0.27 4.10 5.19 8.42 10.67 0.19 unch 0.39 0.34 0.06 unch 0.07 0.11 + 0.08 0.04 0.04 12.47 0.10 0.07 0.09 0.52 0.40 0.08 unch 0.08 0.10 0.08 0.53 0.06 0.33 0.25 13.16 0.30 0.40 0.11 unch 0.60 0.49 0.17 0.09 unch 0.14 0.18 0.04 0.04 unch 0.06 + 0.25 0.20 2.51 57.71 0.11 0.14 + 0.35 0.27 0.36 + 0.04 unch 0.24 0.20 0.06 + 0.08 0.09 0.15 0.18 0.01 unch 0.13 + 0.38 18.09 22.86 0.09 0.51 0.41 unch 1.40 1.12 0.89 unch 0.33 0.04 4.99 0.21 0.26 0.01 unch 0.14 0.19 + 0.04 unch 0.19 0.24 1.56 2.00 0.06 + 0.06 0.22 0.17 1.28 1.04 0.27 0.22 0.09 unch 0.08 0.12 0.16 0.11 0.18 0.08 + 0.09 0.35 unch 0.25 0.30 0.28 unch 0.03 unch 0.15 0.11 0.31 + 0.25 + 0.33 0.56 0.45 -

475 21 44 1538 210 3903 1237 2122 870 4 334 189 80 1479 1542 233 622 83 436 271 39 400 2183 979 1 413 307 11 589 1416 614 279 964 157 429 0 22 701 138 0 104 445 2250 5000 1351 1424 719 22 5066 43 246 1082 820 64 43 823 217 93 1568 1354 973 6835 0 649 155 6758 2231 647 2355 2736 34 20 14 281 1874 1 1181 2786 2356 38 1130 3 20 171 90 81 7 124 1027 420 161 23 163 33 675 613 294 302 102 25 153 1110 392 154 1 0 0 353 625 4062 339 51 46 17

(100s)

12-month

High

Change 0.11 0.01 0.02 0.04 0.03 0.19 0.24 0.33 0.41 0.00 0.06 0.02 0.00 0.01 0.02 0.00 0.02 0.01 0.69 0.01 0.00 0.01 0.10 0.09 0.00 0.01 0.01 0.01 0.04 0.02 0.04 0.03 0.12 0.05 0.04 0.00 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.02 0.01 0.07 1.97 0.00 0.01 0.03 0.04 0.03 0.00 0.06 0.04 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.07 1.38 1.78 0.01 0.01 0.00 0.31 0.23 0.00 0.04 0.00 0.01 0.04 0.05 0.00 0.00 0.01 0.00 0.01 0.05 0.15 0.16 0.01 0.01 0.04 0.03 0.11 0.06 0.06 0.03 0.00 0.03 0.01 0.02 0.02 0.01 0.00 0.01 0.00 0.02 0.05 0.00 0.00 0.02 0.01 0.02 0.03 0.04 0.10 0.04

High Low

Stock

0.80 0.60 0.51 0.90 0.68 8.55 10.93 12.88 16.37 0.29 1.00 0.64 0.13 0.17 0.34 0.27 0.09 0.07 16.49 0.35 0.21 0.25 0.87 0.70 0.12 0.16 0.43 0.38 0.75 0.25 0.78 0.64 15.20 0.54 0.69 0.20 1.56 1.25 0.20 0.10 0.32 0.39 0.07 0.11 0.14 0.38 0.30 2.92 83.29 0.49 0.31 0.70 0.55 1.39 0.10 0.49 0.39 0.16 0.21 0.80 0.36 0.27 0.03 0.17 1.05 21.80 27.79 0.20 1.19 0.99 6.50 5.16 1.12 0.60 0.50 18.00 0.39 0.51 0.04 0.25 0.30 0.08 0.27 0.33 3.56 4.05 1.00 0.14 0.29 0.28 2.67 2.41 0.92 1.00 0.29 0.38 0.29 0.35 0.25 0.32 0.25 0.33 0.50 0.41 0.52 0.41 0.09 0.33 0.26 0.35 0.27 0.90 0.72 0.60

Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery Surge Battery* Surge Copper* Surge Copper Sylla Gold Syrah Res*

0.33 0.15 0.13 0.31 0.00 3.64 4.58 6.60 8.30 0.18 0.35 0.32 0.05 0.06 0.09 0.06 0.04 0.04 9.56 0.09 0.06 0.08 0.17 0.13 0.00 0.06 0.07 0.08 0.19 0.05 0.16 0.12 4.95 0.28 0.35 0.07 0.58 0.45 0.06 0.04 0.13 0.16 0.02 0.04 0.04 0.04 0.02 1.70 54.92 0.10 0.12 0.27 0.21 0.01 0.04 0.17 0.13 0.01 0.04 0.08 0.04 0.05 0.01 0.06 0.37 13.68 17.29 0.05 0.08 0.07 0.26 0.24 0.32 0.29 0.03 1.01 0.12 0.12 0.01 0.12 0.16 0.01 0.16 0.20 1.32 1.68 0.01 0.04 0.07 0.12 1.19 0.93 0.24 0.20 0.04 0.06 0.02 0.10 0.06 0.13 0.02 0.08 0.28 0.21 0.22 0.19 0.02 0.12 0.10 0.08 0.05 0.31 0.38 0.31

Week

Exc Volume V O T O V V V O T N O V V O V O O V V O

0 36 1384 149 366 260 423 215 67616 42293 294 724 174 1 657 1197 116 602 245 113

Last

12-month

High

Low

Change

0.00 0.18 0.26 0.86 1.08 0.23 0.57 0.45 34.35 26.71 0.66 0.83 0.40 0.29 0.19 0.16 0.25 0.34 0.22 0.88

0.00 0.23 unch 0.18 0.18 unch 0.19 0.23 + 0.67 0.72 0.86 0.98 0.00 0.23 0.48 0.48 0.42 0.43 30.96 31.82 + 24.20 24.77 0.60 0.62 + 0.76 0.80 0.00 0.40 unch 0.29 0.29 unch 0.14 0.16 0.11 0.12 0.23 0.24 0.29 0.30 0.00 0.19 0.82 0.83 -

Stock

0.00 0.00 0.03 0.14 0.11 0.02 0.08 0.01 0.15 0.26 0.01 0.01 0.00 0.00 0.03 0.02 0.01 0.01 0.11 0.04

0.55 0.21 0.28 1.41 1.71 0.75 1.35 1.09 34.35 26.97 0.69 0.84 0.80 0.63 0.38 0.35 0.46 0.85 0.30 1.18

0.19 0.00 0.06 0.60 0.80 0.20 0.18 0.14 20.29 15.68 0.35 0.45 0.29 0.24 0.06 0.03 0.23 0.29 0.10 0.52

0.02 0.01 0.00 0.01 0.00 0.00 0.04 1.31 0.05 0.01 0.02 0.01 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.04 0.03 0.04 0.07 0.15 1.00 0.01 0.02 0.01 0.01 0.02 0.03 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.13 0.20 0.28 0.00 0.00 0.19 0.04 0.00 0.04 0.04 0.03 0.01 0.04 0.02 0.01 0.17 0.03 0.02 0.01 0.00 0.00 0.00 0.02 0.06 0.01 0.00 0.20 0.00 0.00 0.02 0.01 0.14 0.01 1.08 1.36 0.02 0.03 0.00 0.01 0.05 0.01 0.03 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.42

0.28 0.24 0.20 0.39 0.31 0.15 0.90 26.25 0.19 2.12 1.91 0.43 0.46 0.16 0.15 0.25 0.14 0.56 0.55 3.22 2.67 0.75 29.92 37.00 42.50 0.25 0.18 1.78 2.27 0.30 0.24 0.21 0.33 0.07 0.10 0.29 0.38 0.07 0.12 0.17 2.75 3.17 4.70 0.12 0.11 1.75 0.48 1.00 0.45 1.02 0.82 0.21 0.19 0.14 0.11 1.90 0.51 0.40 0.24 0.30 0.08 2.10 0.99 0.92 0.65 0.09 1.67 1.18 0.11 0.33 0.35 2.97 0.40 17.27 21.05 0.86 1.08 0.12 0.15 0.90 0.38 0.49 0.30 0.24 0.06 0.78 0.26 0.20 1.15 1.46 9.38

0.14 0.00 0.06 0.24 0.19 0.02 0.30 6.39 0.02 0.48 0.36 0.12 0.14 0.07 0.08 0.07 0.06 0.28 0.00 1.17 0.82 0.24 15.46 20.28 23.40 0.06 0.07 0.14 0.18 0.10 0.08 0.09 0.13 0.02 0.03 0.13 0.16 0.04 0.03 0.04 1.45 1.95 1.30 0.06 0.04 0.75 0.00 0.16 0.17 0.22 0.15 0.11 0.11 0.06 0.05 0.76 0.16 0.13 0.13 0.17 0.03 0.45 0.00 0.28 0.20 0.04 0.33 0.75 0.05 0.09 0.08 0.51 0.10 9.37 12.21 0.43 0.55 0.03 0.04 0.20 0.18 0.20 0.09 0.08 0.03 0.10 0.13 0.07 0.52 0.65 6.26

Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Tri-River Vent Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley* Trinity Valley Triple Flag TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res TRU Precious* TRU Precious True North Gem Tsodilo Res Tudor Gold Tudor Gold * Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res

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

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

T Taiga Gold Taiga Gold* Tajiri Res Talisker Res Talisker Res* Talmora Diamd Talon Metals Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res* Taranis Res Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines Taseko Mines* TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold Tembo Gold* Tempus Res* Tempus Res Teras Res* Teras Res Terrax Mnrls* Terrax Mnrls Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res Themac Res* Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley Three Valley* Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture Tocvan Venture* TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources* Torq Resources Tower Res* Tower Res Traction Expl Trailbreaker* Trailbreaker Trans Canada Trans Canada* Transatlantic Transforma Res Transition Met Transition Met* Treasury Metal* Treasury Metal Trecora Res*

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

236 73 1784 591 213 1 2015 176 8480 18 1886 63 256 114 26 256 45 204 28 1873 7915 38 20655 8938 5 378 1365 210 116 105 79 68 141 37 1789 387 896 0 0 0 50 145 769 9 78 440 60 85 187 3083 273 60 3 476 118 216 271 157 335 900 0 0 14 36 118 530 730 4 820 347 106 4 92 90 1807 29 59 15 1616 199 5 136 4 25 0 56 210 4 68 266 244

0.21 0.16 0.07 0.33 0.26 0.00 0.72 8.79 0.19 0.55 0.43 0.16 0.21 0.07 0.08 0.09 0.07 0.46 0.35 2.78 2.21 0.52 27.46 34.81 38.36 0.08 0.09 0.16 0.20 0.30 0.23 0.11 0.14 0.03 0.04 0.21 0.26 0.00 0.00 0.00 1.72 2.18 1.95 0.07 0.06 1.49 0.17 0.27 0.33 0.27 0.22 0.13 0.15 0.08 0.06 1.04 0.21 0.17 0.16 0.20 0.00 0.00 0.45 0.59 0.25 0.06 1.12 0.95 0.07 0.11 0.09 1.63 0.13 12.26 15.55 0.73 0.94 0.07 0.10 0.90 0.18 0.22 0.10 0.11 0.00 0.13 0.16 0.10 0.64 0.80 9.09

0.00 0.15 0.00 0.31 0.25 0.00 0.61 6.64 0.11 0.00 0.39 0.15 0.19 0.00 0.00 0.07 0.07 0.41 0.33 2.52 1.97 0.00 25.08 32.05 36.21 0.06 0.07 0.14 0.18 0.24 0.20 0.09 0.00 0.00 0.00 0.18 0.23 0.00 0.00 0.00 1.55 1.96 1.65 0.00 0.06 1.18 0.12 0.00 0.29 0.22 0.17 0.00 0.00 0.06 0.05 0.85 0.00 0.14 0.13 0.17 0.00 0.00 0.00 0.00 0.24 0.05 0.70 0.92 0.00 0.09 0.08 1.36 0.11 11.15 14.22 0.68 0.86 0.07 0.00 0.80 0.18 0.00 0.00 0.10 0.00 0.00 0.14 0.00 0.56 0.72 8.55

0.20 0.15 0.07 0.31 0.25 0.03 0.63 8.47 0.16 0.52 0.40 0.15 0.19 0.07 0.08 0.07 0.07 0.44 0.35 2.54 2.02 0.48 26.03 32.89 37.91 0.06 0.08 0.14 0.19 0.27 0.20 0.09 0.13 0.02 0.04 0.19 0.24 0.05 0.04 0.04 1.55 1.96 1.65 0.07 0.06 1.30 0.17 0.26 0.30 0.22 0.17 0.12 0.15 0.07 0.05 0.87 0.18 0.14 0.14 0.18 0.04 0.92 0.45 0.54 0.24 0.05 0.90 0.92 0.07 0.09 0.09 1.49 0.11 11.25 14.26 0.71 0.86 0.07 0.09 0.85 0.18 0.21 0.10 0.11 0.03 0.13 0.15 0.10 0.61 0.79 8.62

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

(100s)

High Low

Week

Exc Volume

Last

12-month

High

Low

Change

0 28 580 9702 0 0 32 1012 55 307 82 652 13 0 14 237 33 152 109 297 35 79 393 215 82 588 7 104 252 83 81 191 7458 1296 315 1 6

0.00 0.06 0.15 0.20 0.00 0.00 0.06 0.07 0.72 0.93 2.38 1.86 0.17 0.35 0.04 0.04 14.79 0.24 0.19 0.14 0.11 0.68 0.87 0.07 0.16 0.20 0.10 0.83 2.06 1.62 0.58 0.47 15.59 19.80 0.05 0.04 0.02

0.00 0.10 unch 0.06 0.06 unch 0.13 0.13 0.16 0.17 0.00 0.04 unch 0.00 0.11 unch 0.05 0.05 0.00 0.07 0.66 0.66 0.83 0.89 unch 2.20 2.34 + 1.72 1.75 0.16 0.16 0.00 0.35 unch 0.03 0.04 + 0.00 0.04 unch 14.10 14.27 0.22 0.23 0.18 0.18 0.12 0.13 0.10 0.10 + 0.63 0.64 0.79 0.80 0.00 0.07 0.14 0.14 0.17 0.18 0.00 0.10 + 0.62 0.66 1.96 1.96 1.43 1.57 0.53 0.54 0.43 0.44 14.01 14.50 + 17.74 18.25 + 0.04 0.05 unch 0.04 0.04 0.00 0.01 unch

D 66 V 300 C 22 O 2620 O 211 V 71 T 6485 O 47 V 10 O 1724 O 29 V 790 C 464 O 31 X 7694 N 63209 V 707 V 189 X 17242 T 1751 V 604 X 32601 O 414 X 3057 V 507 D 2689 V 0 O 6457 O 158 V 133 O 139 V 43 N 158495 O 2459 O 303 V 636 C 5143 O 1 V 142 O 54 V 53 O 91 V 465 V 7 V 58 O 25 O 23 V 1235 V 0 O 1350 T 481 O 1394 O 8 V 252 O 170 T 920 C 108 O 114 C 4107 O 294 V 248 O 146 V 129 O 5 V 534 V 12028 O 1831 V 164 T 16 X 957 O 346 V 230 V 242 O 467

10.55 0.42 0.06 16.82 0.69 0.86 0.44 0.19 0.26 0.07 0.08 0.11 0.65 0.03 0.77 26.40 0.10 5.91 1.72 2.18 0.64 4.60 0.02 3.27 6.31 4.98 0.00 0.04 0.30 0.39 0.14 0.15 12.74 0.01 0.46 0.60 0.10 0.03 0.03 0.07 0.08 0.35 0.45 0.22 0.44 0.35 0.05 0.06 0.00 0.04 1.98 0.03 0.12 0.16 13.80 17.43 0.02 0.02 0.12 0.10 0.68 0.55 0.45 0.08 0.09 0.31 0.24 0.13 0.95 0.76 0.11 0.13 0.34 2.70

High Low

0.00 0.00 0.02 0.03 0.00 0.00 0.01 0.01 0.08 0.00 0.09 0.02 0.01 0.00 0.01 0.00 0.10 0.03 0.01 0.01 0.00 0.04 0.07 0.02 0.02 0.01 0.01 0.06 0.08 0.04 0.03 0.01 0.49 0.54 0.00 0.00 0.00

0.20 0.14 0.23 0.28

0.08 0.05 0.12 0.16

0.12 0.19 0.13 1.55 1.96 3.70 3.06 0.21 0.45 0.11 0.14 16.46 0.31 0.25 0.23 0.19 1.22 1.35 0.30 0.41 0.52 0.25 1.46 3.65 3.00 1.13 0.98 21.89 26.45 0.06 0.06 0.05

0.10 0.00 0.07 0.45 0.59 2.14 1.66 0.06 0.00 0.03 0.04 10.50 0.19 0.15 0.12 0.10 0.53 0.68 0.06 0.02 0.12 0.08 0.18 1.94 1.55 0.46 0.36 9.50 12.15 0.02 0.01 0.01

0.49 0.08 0.01 0.67 0.01 0.02 0.01 0.00 0.04 0.00 0.01 0.01 0.02 0.01 0.06 0.25 0.00 0.56 0.12 0.16 0.01 0.15 0.00 0.21 0.21 0.19 0.00 0.00 0.04 0.05 0.00 0.03 0.92 0.00 0.08 0.11 0.03 0.00 0.00 0.01 0.01 0.04 0.04 0.04 0.05 0.01 0.00 0.01 0.00 0.00 0.11 0.00 0.00 0.00 1.23 1.69 0.00 0.00 0.00 0.01 0.06 0.05 0.02 0.00 0.02 0.03 0.03 0.00 0.01 0.00 0.01 0.01 0.02 0.22

17.40 0.70 0.10 30.20 2.36 2.97 0.60 0.23 0.28 0.19 0.34 0.44 1.80 0.04 2.56 30.57 0.21 9.75 2.15 2.72 1.68 5.79 0.27 11.45 7.31 5.95 0.70 0.07 0.30 0.39 0.24 0.18 23.18 0.20 0.50 0.61 0.44 0.09 0.12 0.10 0.13 1.28 1.42 0.38 0.61 0.47 0.07 0.08 0.13 0.12 1.98 1.00 0.19 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.98 0.79 0.55 0.30 0.38 0.95 0.74 0.24 1.72 1.40 0.31 0.39 0.70 2.87

8.50 0.11 0.03 0.95 0.60 0.75 0.15 0.04 0.05 0.00 0.07 0.10 0.40 0.01 0.36 11.96 0.06 3.15 0.50 0.62 0.51 0.99 0.02 2.88 1.10 0.83 0.15 0.00 0.15 0.18 0.08 0.09 11.16 0.00 0.16 0.22 0.07 0.03 0.03 0.03 0.04 0.30 0.38 0.16 0.40 0.31 0.01 0.04 0.10 0.03 0.69 0.01 0.02 0.03 8.18 10.42 0.01 0.01 0.05 0.04 0.08 0.06 0.31 0.00 0.07 0.02 0.02 0.09 0.85 0.67 0.09 0.11 0.21 0.99

U-V 9.92 0.32 0.06 14.37 0.65 0.82 0.36 0.18 0.00 0.06 0.08 0.10 0.55 0.00 0.61 23.55 0.09 1.93 1.50 1.92 0.57 3.89 0.02 2.88 5.61 4.38 0.00 0.03 0.26 0.32 0.12 0.00 11.86 0.01 0.37 0.48 0.07 0.03 0.00 0.00 0.00 0.30 0.39 0.00 0.00 0.31 0.04 0.05 0.00 0.00 1.76 0.03 0.12 0.15 12.38 15.68 0.00 0.01 0.10 0.08 0.00 0.41 0.39 0.08 0.08 0.22 0.17 0.00 0.90 0.71 0.09 0.12 0.28 2.40

10.00 0.35 0.06 15.14 0.67 0.84 0.38 0.19 0.23 0.06 0.08 0.10 0.55 0.03 0.67 24.27 0.09 5.74 1.57 1.98 0.60 4.14 0.02 3.06 5.81 4.58 0.26 0.03 0.30 0.39 0.12 0.12 12.37 0.01 0.39 0.49 0.08 0.03 0.03 0.06 0.07 0.35 0.44 0.22 0.40 0.31 0.04 0.05 0.12 0.04 1.86 0.03 0.12 0.15 12.53 15.74 0.02 0.01 0.11 0.08 0.59 0.43 0.43 0.08 0.08 0.24 0.18 0.13 0.94 0.73 0.10 0.12 0.30 2.43

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

(100s) Stock

Exc Volume

Week High

Low 3.06 0.10 0.43 0.48 0.00 0.02 0.10 0.00 0.33 0.08 0.23 0.29 0.25 0.22 0.15 0.12

Vizsla Silver Volatus Cap Volcanic Gold* Volcanic Gold Voyager Metals Voyager Metals* Voyageur Min Voyageur Min Voyageur Min* Voyageur Min* VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

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

937 1724 61 267 188 1 402 82 3 58 397 491 510 29 285 474

3.42 0.11 0.45 0.58 0.14 0.02 0.12 0.50 0.33 0.08 0.29 0.37 0.30 0.35 0.17 0.13

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

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

212 108 910 4892 13 58 52 119 957 651 142 524 1152 440 953 351 717 3 232 282 18 8 51 758 1000 28 1889 912 484 5 1 881 595 11 80 241 0 166 995 168 3408 8175 33 132 719 107 883 34 110 0 2 0 1 229 597 964 21 459 298 292 0 93 5 929 25 189 357 87 31 68 157 48 43 20178 82952 5 20 98 619 675 95 234 1100 0 80 7 24 2 2 0 147 3 184 3

0.05 0.04 0.36 0.46 0.20 0.06 0.08 0.05 0.43 0.57 0.24 0.07 13.24 10.42 1.22 0.11 0.13 0.15 0.05 0.06 1.09 2.30 0.08 1.87 1.47 0.19 0.57 0.68 0.22 0.16 0.15 2.50 1.98 1.64 0.41 0.50 0.00 0.15 0.24 0.15 55.51 43.82 0.10 0.59 0.75 0.08 0.11 1.78 0.62 0.00 0.16 0.00 0.10 0.05 0.04 0.39 0.17 0.20 0.56 0.70 0.00 0.04 0.04 0.03 0.00 0.14 0.17 0.24 0.20 0.07 0.05 1.15 0.91 5.44 4.30 1.47 0.03 0.05 1.15 0.94 0.21 5.60 7.20 0.00 0.16 0.13 0.26 0.64 0.41 0.00 0.15 0.12 0.23 0.14

12-month

Last

Change

High Low

3.12 0.11 unch 0.43 0.48 0.13 0.02 0.10 + 0.50 + 0.33 unch 0.08 + 0.24 0.30 0.26 0.22 0.15 0.13 -

0.21 0.00 0.02 0.08 0.01 0.09 0.01 0.07 0.00 0.00 0.03 0.05 0.04 0.01 0.01 0.00

3.45 0.23 0.55 0.69 0.36 0.32 0.35 0.50 0.36 0.25 0.55 0.68 0.37 0.80 0.30 0.50

1.26 0.01 0.26 0.30 0.10 0.00 0.04 0.25 0.19 0.03 0.18 0.24 0.05 0.04 0.09 0.07

0.00 0.05 0.04 0.04 unch 0.32 0.33 0.41 0.44 0.20 0.20 unch 0.01 0.06 0.00 0.07 unch 0.00 0.04 + 0.37 0.43 + 0.47 0.53 0.18 0.20 unch 0.06 0.06 12.31 12.31 9.69 9.75 0.91 0.97 0.09 0.09 0.11 0.11 0.15 0.15 unch 0.04 0.05 + 0.05 0.06 0.00 1.08 + 2.00 2.00 0.00 0.07 1.75 1.77 1.37 1.38 0.00 0.19 unch 0.45 0.46 0.57 0.59 0.19 0.19 + 0.16 0.16 + 0.00 0.15 1.87 1.99 1.47 1.59 1.49 1.49 0.35 0.36 0.46 0.46 0.00 0.10 unch 0.00 0.15 + 0.00 0.24 + 0.12 0.13 52.83 53.22 41.50 41.98 0.09 0.10 0.50 0.58 + 0.65 0.70 0.06 0.07 0.08 0.08 1.71 1.74 + 0.55 0.60 + 0.00 0.13 unch 0.00 0.16 + 0.00 0.10 unch 0.10 0.10 unch 0.05 0.05 unch 0.03 0.04 0.30 0.30 0.15 0.16 + 0.00 0.20 0.47 0.50 0.00 0.61 0.00 0.04 unch 0.00 0.04 unch 0.04 0.04 unch 0.00 0.03 + 0.00 0.00 0.11 0.13 + 0.14 0.15 0.00 0.22 0.16 0.17 0.00 0.06 0.00 0.05 unch 0.99 0.99 0.77 0.77 5.06 5.07 3.96 4.07 1.47 1.47 0.00 0.03 0.00 0.05 unch 0.99 0.99 0.81 0.81 0.00 0.20 5.00 5.24 6.40 6.66 0.00 0.14 unch 0.14 0.14 unch 0.11 0.12 + 0.00 0.25 + 0.00 0.64 + 0.00 0.40 0.00 0.05 unch 0.00 0.14 0.11 0.11 0.21 0.21 0.14 0.14 unch

0.01 0.00 0.03 0.03 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.03 0.84 0.63 0.12 0.01 0.03 0.00 0.00 0.01 0.05 0.30 0.02 0.03 0.02 0.00 0.07 0.09 0.01 0.02 0.01 0.58 0.47 0.15 0.03 0.05 0.00 0.02 0.02 0.02 2.67 2.21 0.00 0.01 0.02 0.00 0.03 0.03 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.05 0.00 0.01 0.03 0.08 0.00 0.00 0.00 0.01 0.01 0.00 0.03 0.01 0.03 0.01 0.00 0.18 0.12 0.37 0.25 0.06 0.00 0.00 0.07 0.05 0.05 0.18 0.18 0.00 0.00 0.00 0.01 0.12 0.01 0.00 0.02 0.01 0.01 0.00

0.14 0.11 0.70 0.86 0.34 0.10 0.12 0.07 0.56 0.70 0.79 0.15 13.52 11.00 1.22 1.16 1.70 0.19 0.11 0.15 1.83 2.50 0.13 3.35 2.83 0.69 0.76 0.96 0.37 0.19 0.19 4.18 3.28 2.05 0.72 0.92 0.20 0.26 0.39 0.33 59.85 49.10 0.11 0.68 0.85 0.12 0.17 2.64 4.80 0.29 0.36 0.13 0.10 0.18 0.18 2.34 0.40 0.36 1.54 0.78 0.09 0.16 0.13 0.11 0.05 0.19 0.25 0.43 0.35 0.14 0.21 1.53 1.22 7.85 6.16 2.05 0.06 0.07 1.89 1.05 0.75 5.95 7.50 0.25 0.24 0.19 0.30 5.00 1.27

0.04 0.01 0.32 0.41 0.19 0.01 0.06 0.03 0.06 0.09 0.18 0.06 7.78 6.05 0.13 0.08 0.11 0.11 0.04 0.05 0.90 1.51 0.05 1.45 1.10 0.14 0.08 0.10 0.15 0.07 0.14 0.59 0.39 1.15 0.31 0.39 0.10 0.11 0.16 0.08 44.09 34.85 0.08 0.37 0.45 0.05 0.06 0.90 0.55 0.12 0.13 0.08 0.06 0.05 0.03 0.22 0.04 0.15 0.36 0.29 0.04 0.04 0.03 0.03 0.00 0.07 0.09 0.18 0.14 0.05 0.04 0.87 0.65 4.82 3.82 0.83 0.01 0.04 0.52 0.45 0.16 1.08 1.38 0.10 0.12 0.10 0.14 0.51 0.01

0.23 0.19 0.27 0.21

0.11 0.10 0.17 0.13

W-Z

BID-ASK — NOVEMBER 22–26, 2021 12-MONTH STOCK

Aftermath Silv AJN Resources Alacer Gold Amilot Capital Anglo-Bomarc Arctic Fox Ven Arcturus Vent Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Banro Corp* Barker Min Boss Power Brunswick Res Buccaneer Gold Bullion Gold Burrell Res C2C Gold Cache Explor Cadillac Vent Canamera Energ Cerro de Pasc Cirrus Gold Cliffs Nat Res* Crystal Peak Electra Stone Emperor Metals Encanto Potash Equitorial Ex Everton Res Evolution Glob Evolving Gold Excalibur Res Exploits Disc

EXC

BID

ASK

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

0.24 0.20 9.41 ... 0.08 0.16 0.02 0.03 0.03 0.33 0.13 0.04 ... ... 1.94 0.11 0.01 0.17 ... 0.06 0.06 0.23 ... 0.16 0.05 0.38 ... 0.17 1.45 0.01 0.01 0.12 0.06 0.08 0.10 0.50 0.30 0.09 ...

0.25 0.33 9.52 ... 0.08 0.28 0.03 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.11 0.01 0.20 0.05 0.07 0.15 0.33 ... 0.17 0.06 1.25 ... 0.25 3.20 0.02 0.02 0.19 0.07 0.08 0.10 4.00 0.59 0.10 ...

12-MONTH

LAST

HIGH

LOW

STOCK

0.25 0.33 9.47 0.04 0.15 0.14 0.03 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.11 0.01 0.17 0.03 0.06 0.10 0.22 0.11 0.16 0.05 0.40 0.29 0.17 1.43 0.01 0.01 0.12 0.06 0.08 0.03 2.00 0.35 0.10 0.59

0.33 0.45 10.82 0.08

0.05 0.15 3.50 0.04

0.16 0.13 0.06 0.04

0.14 0.01 0.02 0.03

0.15

0.03

0.47 0.15 2.50 2.10

0.42 0.03 0.82 0.10

0.14 0.28 0.53 0.15 0.33 0.17 0.50 0.34 0.25 7.17 0.10

0.05 0.01 0.20 0.03 0.09 0.05 0.25 0.12 0.12 0.98 0.01

0.29 0.12 0.37

0.10 0.05 0.07

2.00 1.45 0.11 0.62

2.00 0.28 0.01 0.13

Finore Mng GAR Limited General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Great Lakes Gr Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng Ivor Explor K9 Gold Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lithium South MAG Silver* Mansa Explor Meryllion Res Metalo Manuf Mich Resources Minecorp Egy Montana Gold Montego Res Napier Vent

EXC

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

BID

0.12 ... ... ... 0.06 0.15 0.07 0.02 ... 0.10 ... ... 0.05 0.02 0.04 ... ... ... ... 0.20 0.24 0.33 0.17 0.47 0.05 0.05 0.03 ... ... 0.31 12.52 0.25 0.08 0.32 0.37 ... 0.09 0.02 0.06

ASK

LAST

0.12 ... ... ... 0.06 0.17 0.08 0.02 ... 0.12 ... 375.00 0.05 0.03 0.05 ... 0.01 ... ... 0.25 0.27 0.38 0.24 0.48 0.06 0.20 0.04 ... ... 0.34 13.30 0.25 0.08 0.61 0.50 ... 0.10 0.03 ...

0.11 0.15 0.11 0.22 0.06 0.16 0.08 0.02 0.32 0.10 0.42 0.11 0.04 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.32 0.24 0.48 0.05 0.10 0.03 1.09 0.24 0.31 12.52 0.19 0.08 0.55 0.37 0.12 0.10 0.02 0.07

12-MONTH

HIGH

LOW

4.13 100.00 0.28 0.10 0.36 0.11 0.05 0.32 0.15 0.45 1.20

0.13 0.10 0.16 0.06 0.12 0.04 0.02 0.19 0.02 0.06 0.48

0.04 0.06

0.02 0.01

1.08 0.28 0.40 0.28 0.73 0.13 0.10 0.16

0.06 0.04 0.28 0.16 0.20 0.04 0.05 0.02

0.27 0.66 14.40 0.22 0.17 0.69 0.48 0.20 0.10 0.04

0.13 0.24 6.12 0.08 0.05 0.08 0.22 0.07 0.02 0.01

STOCK

Navis Res Corp New Klondike Nexco Res North Valley O2Gold Patriot Batt Phenom Res PPX Mining Primary Energy Prospero Silvr Quinto Res Rain City Rare Element* Razore Rock Res Reliant Gold Rizal Res Rockex Mng Rockland Mnls Southern Arc Southstone Min Standard Lith Supernova Met Tiger Intl Trench Metals TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Waraba Gold West Oak Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

EXC

BID

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

... 0.01 ... 0.06 0.23 0.09 0.68 0.04 ... 0.55 0.05 0.06 0.11 0.11 ... 0.01 0.04 0.07 0.32 0.01 6.65 0.05 ... 0.55 0.11 ... 0.06 0.10 0.05 0.19 0.12 0.01 0.12 0.07 ... 0.05

ASK

... 0.01 ... 0.12 0.27 0.10 0.71 0.05 ... 1.18 0.07 0.08 0.16 0.14 0.10 0.02 0.05 0.08 0.90 0.01 6.95 0.06 0.17 0.55 0.12 ... 0.07 0.10 ... 0.25 0.15 0.02 0.14 0.08 ... 0.07

LAST

0.30 0.01 0.30 0.10 0.23 0.10 0.69 0.04 0.17 0.56 0.08 0.08 0.15 0.11 0.02 0.02 0.04 0.08 0.89 0.01 6.95 0.06 0.15 0.55 0.12 10.24 0.07 0.09 0.10 0.20 0.15 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.40 0.10 0.37 0.18 0.76 0.06 0.82 1.35

0.15 0.10 0.06 0.08 0.24 0.04 0.16 0.51

0.12 0.89 0.25

0.04 0.06 0.06

0.09 0.11 0.93 0.04 6.95 0.17 0.30 0.22 0.12 11.10 0.13 0.13

0.03 0.01 0.24 0.01 1.02 0.05 0.07 0.04 0.03 6.57 0.07 0.08

0.34 0.19 0.03 0.15 0.12 0.22

0.19 0.11 0.01 0.05 0.06 0.07

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