The Northern Miner Feb 21 2022 Issue 4 by The Northern Miner Group

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Newmont buys out Yanacocha partner Buenaventura for over US$300 million M&A

| Peruvian gold mine is

South America’s largest

The Yanacocha gold mine near Cajamarca in Peru. EUYASIK/WIKIPEDIA CC 4.0

BY MARILYN SCALES

ewmont (TSX: NGT; NYSE: NEM) is buying out its partner, Compañia de Minas Buenaventura, at the producing Yanacocha gold-silver-copper mine in Peru. The gold miner has offered US$300 million up front for Buenaventura’s 43.65% interest, plus up to US$100 million more dependent on higher metal prices. At the same time, Newmont will transfer its 47% interest in the La Zanja gold and silver joint venture with Buenaventura to its partner in exchange for royalties on any future production. Newmont will also contribute US$45 million toward future closing costs at La Zanja, which is also in Peru. Yanacocha is South America’s largest gold mine, producing about 350,000 oz. of gold annually. Newmont has prepared a feasibility study for what it calls the ‘Yanacocha sulphides’ project. The first phase, mining the Yanacocha Verde and Chaquicocha deposits, will extend

The Yanacocha gold mine in northern Peru’s Cajamarca region. NEWMONT

the mine life beyond 2040. The company is committed to spend at least US$500 million through this year with a full funding decision to come by year-end. The total investment will be US$2.6 billion with production averaging 525,000 oz. gold-equivalent for the first five full years (2017-31). All-in sustaining costs during those years would be US$700 to US$800 per gold-equivalent ounce. The first phase includes the construction of an autoclave. The second and third phases would further extend the mine’s life. TNM

American Pacific Mining rides high on third round of Madison drilling COPPER

| Rio Tinto is earning up to 70% of the project “WE LOOK FORWARD TO COLLABORATING WITH OUR PARTNER IN THE COMING WEEKS TO COMPLETE FURTHER MODELLING, ANALYSIS AND DEFINE FUTURE EXPLORATION PLANS.”

BY HENRY LAZENBY

espite coming off recent highs, the Toronto-quoted shares in copper explorer American Pacific Mining (TSXV: USGD; US-OTC: USGDF) continue to trade nearly 520% higher over the 12-month frame following a third successful drill campaign by partner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) at the Madison project in Montana, says CEO Warwick Smith. The company’s wholly-owned Madison copper-gold project is currently under an earn-in with an option to joint venture agreement, whereby Rio, in a June 2020 agreement, undertook to spend US$30 million to earn up to 70% of the project. According to Smith, Rio liked what they saw in the drill core. Of note was drill hole MADN0033, which Smith singled out as a highlight for two reasons. It cut 14.44 grams gold per tonne and 0.11% copper over 6.53 metres, including 39.57 grams gold per tonne and 0.28% copper over 2.35 metres and 146 grams per tonne gold and 0.98% copper over 0.48 metres — representing the third-highest gold intercept ever reported at Madison between 175 and 225 metres depth. The hole had also identified a new gold zone 55 metres from the nearest drill intercept and 100 metres down dip. According to Smith, the hole demonstrates the potential to extend high-grade gold-copper mineralization down plunge. “It will be the vector for additional drilling in the currently known mineralized area in 2022,” he said in a recent interview. Of the ten holes drilled, nine encountered mineralization anomalies in a broad array of different rock lithologies. The Madison deposit contains several gold and copper mineralization styles, all of which can carry substantial metal values. “This is an important point to emphasize. Every drill hole is essential for making deposits like Madison become mines,” said Smith. “Hole MADN0033 also shows highly anomalous gold mineralization in iron-rich skarn and warrants exploration drilling followup. Every drill hole from 2019 to 2021 has helped define the currently known mineralization further and provided ample exploration vectors

HIGHLIGHTS FROM AME ROUNDUP / 5

Warwick Smith, CEO of American Pacific Mining. HENRY LAZENBY/THE NORTHERN MINER

WARWICK SMITH

for additional targets both laterally and down-dip,” he said. Another recently released drill hole had geoscientists paying close attention. According to Smith, drill hole MADN0032 returned “strongly anomalous gold values” encountered in a limestone rock package that had previously not been known to host mineralization. MADN0032 intersected 1.64 grams gold per tonne over 9 metres within limestone breccia beyond the skarn, highlighting the potential for additional gold-bearing styles of mineralization at Madison. Meanwhile, Smith said American Pacific’s attention was turning towards identifying regional targets on the property. The geochemical and geophysical programs in 2021 across the property have identified several strong anomalies well away from the current drilling under evaluation. These will be presented as they are interpreted, and additional targets emerge. “We look forward to collaborating with our partner in the coming weeks to complete further modelling, analysis and define future exploration plans,” said Smith. Underpinning this work are results from a drone magnetic survey of 344-line kilometres at 25 meter and 50-metre spacings over 11.34 sq. km. of ground. “The newly defined magnetic high anomalies are much more pronounced than expected and are interpreted by American Pacific geologists as the late-stage intrusions essential to any copper-gold porphyry and skarn system. These anomalies are often responsible for the strongest gold and copper mineralization in these systems. This survey’s number of untested targets suggests property-

wide exploration upside remaining at Madison,” said Smith. Earlier in the year, the team also undertook some trenching two kilometres away from the skarn mineralization. The results returned evidence of epithermal veins with values such as 15 grams gold per tonne or 600 grams silver per tonne and 1.5% copper. “They’ve identified

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See AMERICAN PACIFIC / 16 PM40069240

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FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

A tribute to Joe Crofts BY ANTHONY VACCARO

n Tuesday, February 8, our colleague and our friend Joe Crofts, passed on. He was surrounded by his family at the time. Joe had been fighting cancer valiantly since being diagnosed in the fall of last year and he was actively receiving treatment, so his passing is unexpected. But rather than focusing on that I’d like to focus on the incredible individual that Joe was in the only way I really can, which is from my own personal perspective. Joe joined our team in June of 2010. I had been with the team five years ahead of Joe and I marvelled at how quickly he became part of what was a close-knit group. He had such natural charm and charisma, instantly made people feel good about themselves and would engage everyone on such a personal level, all traits that we admired in a colleague, and also traits that made him such a standout at his job in dealing with

clients. Over the years I’ve come to know many of Joe’s clients and without exception everyone that dealt with Joe would be so quick to tell me what a great guy he was, and how lucky we were to have him on our team. It was just his nature to go well beyond that extra mile for his clients, including tweeting and re-tweeting about them whenever there was something to report on. And that commitment showed up in the numbers, as Joe was always one of the top performing sales reps. Even in the teeth of a brutal bear market, Joe would always exceed his targets, something I’d marvel at with him and he would just shrug his shoulders and smile with genuine humility. Outside of work Joe was an outstanding athlete. He was captain of his high school hockey team and won gold and silver medals at OFSSA. He was also a quarterback for his high school football team and a standout baseball player. He continued to play competitive baseball

and hockey right up to his diagnosis. Most of all, however, Joe was also a strong and proud family man and our thoughts and prayers are with his wife, Deanna, his son, Justin, his daughter, Natalie and his sonin-law, Nolan. It’s hard to fathom their feelings of loss at this time. Joe leaves a strong legacy here with our Group. Amongst many other initiatives he helped develop and spur on he was particularly instrumental in the strategic planning, the development and the sponsorship success of our Events business, a crucial area of growth over the last five years. He was proud to be part of this team and the mining and metals industry in general, and always had such great respect for the power of The Northern Miner brand and what it meant to be a steward of it. His voice, his laugh and his ideas will be so missed, but we will all keep his memory strong in us and be sure that his presence remains with our team. TNM

Joe Crofts at his daughter Natalie’s wedding in 2021 . THE CROFTS FAMILY

Top Canadian mining association to set up protocol to tackle discrimination, sexism by year-end ESG

| New measures to become part of the Toward Sustainable Mining program

BY NAIMUL KARIM

he Mining Association of Canada (MAC) plans to introduce measures that will “propel” its members to be “more transparent” on issues like sexual harassment and discrimination by the end of this year, the group’s CEO said days after Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) reported patterns of racism, sexism and harassment among its global workforce. The association, which includes about 50 of Canada’s leading mining companies, is developing an “equity, diversity, and inclusion” protocol as part of its existing Toward Sustainable Mining (TSM) program, which is a condition of membership and requires companies to measure, evaluate and report on their performance, Pierre Gratton told The Northern Miner. Gratton said the decision behind the move stems back to MAC’s response to the Black Lives Matter movement in 2020, when it decided to update its standards on Indigenous and community relationships. About a year later in November 2021, a working group from the association including officials from member companies and non-profits began developing a “performance criteria” to address diversity-related issues, which includes sexual harassment and discrimination. “We are hopeful that by the end

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of this year we will have a draft for the board’s review,” said Gratton. “If approved … it will propel everyone to do what Rio has done, in that, it will make us more transparent on these kinds of issues like it has done for all the other areas that we have addressed in the TSM.” “We are pretty excited about it. In the past sometimes it’s been difficult to convince the board to develop a new protocol, but this one, it pretty well sailed through all along. I think

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the industry knows that it has issues … and it needs to address them.” MAC’s sustainability program currently has eight protocols with performance indicators that address issues like climate change, forced labour and tailings management. The companies need to assess themselves based on those indicators and assign a third party to verify the assessments once every three years. The system is overseen by a group including representatives from indig-

enous communities, organized labour, NGOs and others, said Gratton. When asked if Rio Tinto’s reports on sexual harassment could speed up the protocol’s progress, Gratton said it was “too early to say” on whether the report would have any influence, but that the member-company is scheduled to make a presentation on the report to one of the association’s committees in the coming weeks. “They want a deeper dive on the report,” said Gratton.

On February 1, Rio Tinto unveiled the results of an unfavourable external report outlining a culture of “systemic” bullying, sexual harassment, and racism. Based on a survey, answered by about 10,000 Rio Tinto employees, the report shows that almost 30% of women and 7% of men said they had been sexually harassed at work. Of those, 21 female workers also reported cases of actual or attempted rape or sexual assault. Nearly half of all employees who responded to the review of the miner’s workplace culture commissioned by Rio Tinto said they had been bullied, while racism was found to be common across several areas. The company requested the audit and it was carried out last year by Australia’s former sex discrimination commissioner Elizabeth Broderick. The move was part of an ongoing effort to clean-up the company’s tainted image following the destruction of two 46,000-year-old sacred rock shelters in Western Australia in 2020. The report comes after BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said last year that it had fired 48 workers for sexual attacks and harassment since 2019. Gratton said that he believes there’s a general recognition across MAC’s members that “a more balanced workforce will help prevent these kinds of events from happening.” TNM

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THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

JOINT VENTURE ARTICLE

Metal Energy advances its nickel-copper-PGE projects in Manitoba and Ontario Drill rig on Metal Energy’s nickel-copper-PGE Strange project in Ontario. METAL ENERGY

BY NORTHERN MINER STAFF

Metal Energy (TSXV: MERG) is a newly listed exploration and development company looking for nickel, copper, and platinum group elements (PGE) in Canada. The Canadian junior is part of the Ore Group, a Canadian-based natural resource discovery and development organisation that has a track record of innovation and acquiring assets that generate value for their participating companies and their shareholders. The group also includes American Eagle Gold (TSXV: AE), QC Copper & Gold (TSXV: QCCU; US-OTC: QCCUF), Baselode Energy (TSXV: FIND; US-OTC: BSENF), Orefinders Resources (TSXV: ORX), and Mistango River Resources (CSE: MIS). Metal Energy is focused on advancing its flagship Manibridge project in central Manitoba, about 20 km south of Wabowden and 640 km north of Winnipeg. The 4,368-hectare project contains the past-producing Manibridge underground nickel mine. Discovered by Falconbridge Nickel Mines Ltd. in 1963, the mine produced 1.3 million tonnes of high-grade ore grading 2.55% nickel and 0.3% copper from 1971 to 1977. Manibridge lies within the Thompson Nickel Belt, the fifthlargest and third-highest grade sulphide nickel belt globally. The belt hosts several current and pastproducing nickel mines and

numerous nickel deposits, including Vale’s (NYSE: VALE) Thompson mine, approximately 120 km northeast of Manibridge. James Sykes, Metal Energy’s CEO, says that Manibridge “benefits from direct access to infrastructure, extensive previous exploration and mining knowledge, and has the potential to host numerous multimillion-tonne deposits comprising high-grade ore shoots enveloped within larger lower-grade mineralised shells.” “The past-producing Manibridge mine was last operated in the 1970s in a significantly lower nickel price environment than today. Given the current nickel price growth and the demand for nickel set to soar as the world moves to electrified transportation systems and energy networks, we believe the project has the potential to be a bulk tonnage open-pit mining operation.” Falconbridge also discovered the North Manibridge zone, a 400-metre long zone of nickel mineralisation, approximately three km northeast of the mine. Drilling on the zone by CanAlaska Uranium (TSXV: CVV) in 2019 sought to expand the mineralisation along strike and up dip. The drilling intersected high-grade nickel mineralisation. Highlights included drillholes 19MB02, which returned 6.55 metres grading 2.75% nickel, 0.13% copper, and 0.03% cobalt from 128.05 metres downhole, including 0.95 metres of 12.06% nickel, 0.17% copper, and

Core sample of high-grade nickel mineralisation from drillhole 19-MB-02. CANALASKA URANIUM

0.12% cobalt; and 19MB03, which hit 1.48 metres of 6.13% nickel, 0.15% copper, and 0.08% cobalt from 133.83 metres. Sykes says these drill results suggest multiple systems of highgrade nickel mineralisation have already been discovered within the project area. Based on this previous drilling and the old mine workings, he said Metal Energy now plans to conduct an initial seven-hole (3,000 metre) diamond drill program on the project, slated to start in early March. “For the moment, we want to focus on where most of the drilling has previously been done and where we think there is potential for high tonnage nickel mineralisation.” The initial drill program, said Sykes, will target favourable historic exploration drill results within a one km strike length northeast and southwest of the mine, with the aim of intersecting untested high-grade nickel shoots previously identified.

The drilling “will provide us with modern exploration data to better understand the high-grade nickel mineralisation in the vicinity of the old mine area,” he added. The company also plans to conduct a further 10,000 metres of drilling and a property-wide airborne magnetotellurics geophysical survey. Both are expected to start in the second quarter of this year. Sykes says he remains positive that Metal Energy “will have sufficient encouraging drill results to start our first resource estimate for Manibridge in the fourth quarter of 2023.” The company’s other asset is the 11,800-hectare Strange nickelcopper-PGE project in northwestern Ontario, 55 km southwest of Thunder Bay. The property lies within the Midcontinent Rift System (MRS), which hosts Lundin Mining’s (TSX: LUN) Eagle mine in Michigan, an approximate 2,000 tonnes per day underground nickel-copper mine, about 150 km southeast of Strange.

Strange has seen two historical drill holes sunk to 250 metres depth and a previous borehole electromagnetic survey identified a highly conductive anomaly about 500-700 metres below surface, which Metal Energy believes is coincident with a strong magnetic anomaly that occurs at the base of the MRS. The company recently started a two-hole (1,500 metre) drilling campaign targeting strong magnetic anomalies and plans to “drill deeper than the previous operators,” said Sykes. “This is our first drilling campaign on the project and for the company as a whole,” he noted. “A technical success for us will be intersecting the right rock types; that is sulphide-rich komatiitic basalts. If successful, the drilling could suggest that Strange is a new region with the potential for district-scale nickel mineralisation, similar to Vale’s Voisey’s Bay mine in northern Labrador.” Although Metal Energy is a relatively young company, having only listed on the TSX Venture Exchange last November, it has about $7 million in the treasury, which Sykes said, “is sufficient to fund our planned work programs for the year.” The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by METAL ENERGY and produced in cooperation with The Northern Miner. Visit www.metalenergy.ca for more information.

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FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

THE VIEW FROM ENGLAND

EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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Understanding Africa’s coup epidemic

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 STAFF WRITER: Naimul Karim nkarim@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: Robert Hertzman (416) 898-6654 rhertzman@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 ADDRESS: 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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n the last eighteen months there have been six coups in five countries in Sub-Saharan Africa — Burkina Faso, Chad, Guinea, Mali and Sudan. To get a grasp of what’s going on in that part of the world, I turned to the experts. “What all of us in the field are trying to understand is what the coup contagion actually means and what are the factors,” Clara Brackbill, a SubBY TRISH SAYWELL Saharan Africa analyst at risk intelligence company RANE, tells me in an interview. While each country is unique, she emphasizes, there are some common factors at play. For a start, coups in this part of the world have been commonplace, she points out, noting that there have been nine attempted coups and four successful ones in Guinea alone since the country’s independence in 1974. Another is poor economic conditions and prospects, which in recent years have been exacerbated by the pandemic, and which have turned many citizens against their governments. A third is that in three of these countries — Burkina Faso, Mali and Chad — governments have failed to stop the violence from Islamist militants and armed rebels that have left so many people dead or displaced. A fourth is that there are few repercussions when the military does takes power. “There’s a history of coups, economic hardships, the fracturing of security forces, and, more recently, a low deterrent effect,” Brackbill says. “On top of that you have opportunistic military leaders, so it creates an environment that is really ripe for coups.” Other factors, Brackbill and other experts agree, include endemic corruption and the embezzlement of public funds, weak democratic institutions, moves by elected officials to tamper with their country’s constitutions in order to extend their term limits, favouritism, and ethnic divisions. Corinne Dufka, the West Africa director at Human Rights Watch, says she isn’t surprised by the number of coups. What’s clear, she says, is that challenging security situations undermine governance everywhere. “Islamists and military security force violence has killed thousands of people in recent years in the Sahel region and people are beside themselves with fear,” she says. “The number of dead and displaced is staggering so it makes sense that people are going to question why their governments have failed to protect them and their livelihoods and put their hopes in people who promise to do so.” Anger over corruption — both within the security force establishment and amongst elected officials — has also fuelled discontent, particularly in Burkina Faso and Mali, Dufka says. “Allegations of misappropriation of funds that were supposed to support soldiers and their families have undermined confidence in those cases,” she says in a telephone interview from Washington, D.C. “I heard grievances in Burkina Faso that money was going missing, that soldiers were left in the field without being adequately provisioned or sent adequate means to defend themselves, and that wounded soldiers and their families were not being taken care of. In Mali you had a number of scandals involving military contracts, one that led to the suspension of funds from the World Bank and the IMF, and procurement scandals involving high-level officials.” In terms of the ‘contagion element’ Dufka explains that some of the coup leaders know each other and may have been trained together. This, she argues, “creates a grievance template,” and can “inspire” other coups. “They just see that others have done it and so they can too.” Democratic institutions were also typically weak, she says, and for things to change, democracy must extend beyond election day and be anchored on institutions that uphold it. “Just look at the role of Parliament. When there are allegations of corruption, parliamentary institutions should question the executive about what happened with the money. And that, or accountability for embezzlement, rarely if ever happens in these countries.” COUP CHRONOLOGY: Burkina Faso: On January 24, President Roch Marc Christian Kabore was ousted by Lieutenant Colonel Paul-Henri Damiba. In his first national address Damiba said he would return the country to constitutional order “when the conditions are right.” The coup followed weeks of protests about Burkina Faso’s deteriorating security situation and poor economic conditions. Sudan: In October 2021, General Abdel Fattah al-Burhan took control of Sudan, arresting Prime Minister Abdalla Hamdok, dissolving the Sovereignty Council, and declaring a state emergency. Guinea: In September 2021, Colonel Mamady Doumbouya held President Alpha Conde in custody and reported on state television he was closing the borders and dissolving the government and the Constitution. According to media reports, Doumbouya said he was satisfying the will of the people and would root out poverty and corruption. “If the people are crushed by their elites, it is up to the army to give the people their freedom,” the colonel declared in his televised address. The overthrow followed Conde’s move to alter the Constitution to allow him to run for election a third time, beyond the two-term limit, and he won. Chad: In April 2021, military generals in Chad announced that President Idriss Deby had been killed while visiting troops fighting rebels, and said he would be replaced by his son, Mohamat Idriss Deby, a four-star general. The maneuver violated the country’s Constitution, which says that if a president dies, the first vice president or president of the national assembly should assume power. Details about how the president was killed were also murky. Mali: There have been two coups in the country in a nine-month period. The first, in August 2020, saw Colonel Assimi Goita depose Ibrahim Boubacar Keita, the country’s elected head of state. Goita became the transitional vice-president and agreed to an 18-month deadline for elections. The military installed as interim leaders, Bah Ndaw as president and Moctar Ouane as prime minister. But in May 2021, Goita took charge again, arresting the two men and accusing them of failing in their duties and sabotaging the transition. TNM

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COLUMN

| Mining’s Royal Lesson

BY DR. CHRIS HINDE Special to The Northern Miner

et’s be honest, it comes as no surprise that bullying, racism and sexism can be found amongst miners. What is shocking in the recently released Rio Tinto workplace report is the pervasive nature of the abuse. Just when you thought our industry’s public image couldn’t get any worse, it did. The only comfort comes from the spotlight this month on the most famous woman in the world, who has shown how the popularity of even a deeply unfashionable institution can be improved. She is famously discrete in her opinions and has never given an interview to the press. You don’t need to be a monarchist to admire Queen Elizabeth II, who on February 6, without fuss, celebrated 70 years on the throne of the United Kingdom and 14 other Commonwealth realms. Like her namesake, Elizabeth I (the daughter of Henry VIII and Anne Boleyn), who reigned 1558 to 1603, the Queen came to the throne at the age of only 25. England (as a unified, identifiable country) has had 61 monarchs (starting with Egbert in 827) with an average tenure of 20 years. The Queen has already ruled for seven years longer than Queen Victoria, and her reign has incorporated 14 U.S. presidents and 15 British prime ministers (Tony Blair was the first to have been born during her time on the throne, in May 1953). Apart from Victoria, who died in 1901, only three British monarchs reigned for more than 50 years; Henry III, Edward III and George III, who died in 1272, 1377 and 1820, respectively. The shortest reign was Lady Jane Grey’s nine days in July 1553 (she was beheaded seven months later). The Queen is also amongst the wealthiest women in the world. She has little control over her assets, however, which include sundry castles, vast crown estates, over 7,000 paintings, a rather nice jewellery collection (including the 530 carat Cullinan I diamond) and most of the country’s swans (claimed by the crown since the 12th century). The British are ever pragmatic, and the Platinum Jubilee celebrations are being delayed until better weather. A four-day holiday will start with beacons being lit across the Commonwealth on Thursday, June 2 (the date of the Queen’s coronation in 1953). The Queen’s 70th anniversary came less than a week after the publication of a report by Rio Tinto into its workplace culture. The report, based on responses from more than 10,300 of the company’s 45,500 staff, outlined “systemic” bullying, racism and sexism across Rio Tinto’s global operations. Over 3,400 women replied to the survey, and almost one-third

of them testified to sexual harassment at work, including 21 reports of rape or sexual assault over the past five years. Almost half of the overall respondents reported bullying, with racism also present. The report contained accounts of female workers being verbally abused, with accusations of aggressive sexual behaviour being ignored amidst a “hyper masculine” culture at Rio Tinto’s mines. Jakob Stausholm, who was appointed as the company’s chief executive a year ago, described himself as feeling “shame and enormous regret” at having learned the extent to which bullying, sexual harassment and racism were happening at Rio Tinto. The Rio Tinto revelations come ahead of a report by the West Australia government later this year on sexual harassment at mining camps in the state. Submissions to the inquiry last year said sexual harassment was rife at fly-in/fly-out mining camps. Moreover, a sexual abuse inquiry in 2020 by the Australian Human Rights Commission found that almost three-quarters of women in the mining industry had experienced some form of sexual harassment in the past five years. The Mining Association of Canada has reacted by announcing plans to introduce measures that will “propel” its members to be “more transparent” on issues like sexual harassment and discrimination by the end of this year. The association is developing an Equity, Diversity and Inclusion protocol as part of its existing ‘Toward Sustainable Mining’ program. We can all agree that creating a safe, respectful work culture will encourage people of all backgrounds and diversity to thrive in our industry. Environmental, social and governance issues have been at the forefront of business decision making in recent years. Until now it seemed that the ‘S’ of ESG was mainly outward looking; at the third parties impacted by our mining operations. A reset is clearly required, more management time needs to be directed towards the behaviour of our own workforce. We must also redouble our efforts on repairing the public’s image of mining. In this regard, we can learn from Queen Elizabeth II’s almost single-handed improvement in the popularity of the monarchy. Britain no longer rules the waves or its troops roam the globe, but the Queen’s demeanour has breached frontiers. Her stoicism, long-term endeavour, devotion to duty and belief in common decency could usefully be absorbed by mining leaders as they seek to restore faith in our own institutions. 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 American Lithium . . . . . . . . . . . . . . . . . . . . . . . .11

Integra Resources. . . . . . . . . . . . . . . . . . . . . . . . . .9

American Pacific Mining . . . . . . . . . . . . . . . . 1,16

Kinross Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . .14

AngloGold Ashanti . . . . . . . . . . . . . . . . . . . . . . . .7

Lion Copper and Gold . . . . . . . . . . . . . . . . . 14,15

Apollo Silver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9

Marimaca Copper . . . . . . . . . . . . . . . . . . . . . . . .16

Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,10

Newmont. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,10

BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

Osisko Development . . . . . . . . . . . . . . . . . . . . . .10

Candente Copper. . . . . . . . . . . . . . . . . . . . . . . . . .7

Osisko Gold Royalties . . . . . . . . . . . . . . . . . . . . .10

enCore Energy . . . . . . . . . . . . . . . . . . . . . . . . 11,12

Pacific Booker Minerals . . . . . . . . . . . . . . . . . . . .8

Equinox Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9

Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,2,9

First Quantum Minerals . . . . . . . . . . . . . . . . . . .16

Skeena Resources . . . . . . . . . . . . . . . . . . . . . . . . . .8

Highland Copper Company . . . . . . . . . . . . . . .12

Tanzanian Gold . . . . . . . . . . . . . . . . . . . . . . . . . . .7

Hudbay Minerals . . . . . . . . . . . . . . . . . . . . . . 13,14

Ucore Rare Metals . . . . . . . . . . . . . . . . . . . . . . . .15

i-80 Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,15

Wolfden Resources . . . . . . . . . . . . . . . . . . . . . . .15

GLOBAL MINING NEWS

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

Ian Telfer on how not to build a gold miner AME ROUNDUP

| Executive sees acquisitions as the only reliable way to grow a company

BY HENRY LAZENBY

he mining sector is notorious for not following proven business principles that ensure value creation for shareholders through the ups and downs of the commodity cycles, senior executive Ian Telfer told the AME Roundup mining conference in Vancouver. In his view, the former Goldcorp and Wheaton Precious Metals executive sees acquisitions as the only reliable way to grow a company. “We’ve been talking about exploration, but the fact is you can’t build a major mining company on exploration alone,” he said. “It never will happen.” He said mining was an exceptionally technical industry requiring many disciplines to be successful. However, these technical people aren’t always comfortable with the acquisition process. “It’s a process that’s outside their area of expertise. Whatever they look at looks expensive. “The process of getting there is complicated and can be adversarial. Therefore, not everyone in the industry is as comfortable with growing by acquisition, but it’s the only way you can get there.” Telfer also cautioned management against pursuing grassroots exploration at all costs. “Exploration is absolutely essential for our industry, but you can’t grow a major mining company through exploration. There’s a role for exploration in the junior sector, and the success stories are all over the place and several large mining companies

An employee pours gold at the Kisladag gold mine in Usak province, Turkey. ELDORADO GOLD

Veteran mining executive Ian Telfer. AME

“I JUST CAN’T OVEREMPHASIZE OVERPAYING FOR GOOD ASSETS. STRETCH YOURSELF TO GET THEM BECAUSE THEY ARE RARE.” IAN TELFER MINING EXECUTIVE

started with exploration success, but you just can’t count on it going forward,” he said. “Time and again, majors have sunk significant funds into exploration only to discover less than they had

hoped for at a higher cost.” Telfer also advises against placing the “wise and worldly” on boards of directors. What tends to happen when people with expertise from other areas, whether it’s corporate governance or whether it’s financial markets or succession planning, become a member of the board, they’ll eventually start imposing different ideas on what the company should do next. “Even though you may have created the company and your vision may have led to the company’s success, these people suddenly start to

have strong opinions about what the company should do next. And I’ve seen a sad example in my view. Placer Dome was a company we took over 10 or 12 years ago as Barrick. They had a great board of directors and lovely people but no singular vision of where that company was going. And over time, they just lost their way and collapsed. Similar stories with Inco, Falconbridge also lost their ways,” said Telfer. Further, Telfer cautioned miners against taking on debt. “That may seem obvious, and with higher gold prices that we’ve had

recently, not that many companies are getting themselves in trouble. But I’ve lived through a number of cycles, where companies put themselves out of business by blowing too much money.” In the same vein, Telfer advises against companies hedging production. “One of my favourite topics about the gold mining industry is that gold shares are only bought by people who think the price of gold is going up,” said Telfer. “And whenever they get See IAN TELFER / 6

Patricia Mohr sees a copper supercycle emerging in the medium term AME ROUNDUP

| Economist sees metal jumping to another level around 2025 Economist Patricia Mohr. AME

BY HENRY LAZENBY

opper could be heading towards supercycle territory in the medium term, with price levels expected to reach above US$5 per lb., economist and commodity market specialist Patricia Mohr told the AME Roundup in Vancouver on February 1. While most commodity prices have surged since the onset of the Covid19 pandemic, demand for the suite of critical metals required to power the energy transition and enable the world to reach net-zero carbon emission targets do not always align with the production outlook for these metals. This is also true for copper. While the top-performing metals of 2021 comprised China neodymium oxide, lithium spot concentrates in Western Australia, nickel sulphate in the domestic market in China, and LME copper, the copper price performance was not nearly as spectacular as the price leaders. However, the newfound demand for copper as a critical metal drives the potential for higher prices and prompts the copper price to act in non-traditional ways. According to Mohr, industrial activity in China has decelerated to about 3% for six months running. “Typically, in the past, copper prices would have cratered. You’d be looking at $2.50 per pound copper, but instead, you’re looking at $4-plus copper, and the key reason is the

“YOU’RE GOING TO SEE A BIG DECLINE IN ACTUAL REAL-WORLD PRODUCTION FROM AROUND 2026 ONWARDS, AMID ROBUST DEMAND GROWTH WORLDWIDE.”

Copper cathode plates produced from a processing plant using Jetti Resources’ catalytic leach technology.

PATRICIA MOHR, COMMODITY MARKET SPECIALIST

JETTI RESOURCES

advent of new demand, which is driving the market forward. China is likely to slow from growth of 8.1% last year to about 5% to 5.5% in the next few years, which is its potential for growth,” she said at the mining event. Mohr, who co-authors Capitalight Research’s ‘Critical metals for a sustainable world’ newsletter, attributes the recent rise in copper prices mainly to China’s stockpiling of the red metal starting in 2020 at low prices. But recently, prices recorded new

However, beginning around 2025, Mohr sees copper is going to “jump up to another level” at about US$5 per lb. or higher. “I think that Robert Friedland is right about the outlook for copper. You’re going to see a big decline in actual real-world production from around 2026 onwards, amid robust demand growth worldwide,” she said. Meanwhile, the incentive price to build new mines is rising. Mohr sees the incentive price at about US$3.50

record highs and ended 2021 at US$4.88 per pound. It has moved down to about US$4.30 per pound in recent weeks, and Mohr sees prices averaging last year’s average in 2022 of about US$4.23. While she sees potential for copper prices to close the year even a little lower because of new production coming online such as Teck Resources’ Quebrada Blanca Phase 2, and Ivanhoe Mines’ Kamoa-Kakula ramps up, among others.

to justify a new copper mine development. “I actually think it’s more like $4.00, which the major analysts would not be using.” “I think you’ll have a very strong performance from copper in the medium term,” she said. Mohr sees electric vehicle copper use as the primary source for new demand, which entails about three times the copper intensity than for a gasoline-driven vehicle, which demands about 20 kilograms per vehicle. For EVs, it’s 75 to 83 kilograms. Renewable power is another significant source of new demand. One of the exciting things for copper is that wind and solar power typically use two times or more copper per megawatt than traditional power such as hydro and natural gas. Douglas Porter, chief economist and managing director of BMO Financial Group, is also “constructive” on commodities in general, but he is not convinced copper is headed for supercycle territory. “We are looking for a little bit of moderation almost across the complex,” he said. “I guess the best way to summarize it is while we’re constructive on commodity prices, we’re not in the supercycle camp. You can certainly make the case that there are some specific commodities, whether it’s because of the green energy push or the EV demand push, that could well be in a super cycle for the sector as a whole, but not for the group as a whole,” said Porter. TNM

WWW.NORTHERNMINER.COM

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

B.C. mining production achieves record in 2021 AME ROUNDUP

| Sector’s forecast value of production in province exceeds $12 billion

BY HENRY LAZENBY

hen the Association of Mineral Exploration’s annual Roundup event kicked off on January 31, it provided the first opportunity for industry delegates to mingle in person at an event since the start of the Covid pandemic about two years ago. Among the first day’s highlights were an address by British Columbia’s Minister of Energy, Mines, and Low Carbon Innovation, Bruce Ralston, and the release of the AME’s ‘Explore our Economy’ (EOE) report, which examined the real impact the mineral exploration industry had in 2020 on the local economies of the province. Minister Ralston declared that despite the challenges the industry dealt with in 2021, the forecast value for total mining production in the province reached an all-time high of $12.6 billion. He added that total exploration expenditures of $659.8 million were near record-setting. AME president and CEO Kendra Johnston officially launched the report on January 31, quantifying trends and figures gleaned from a survey conducted by iTOTEM. Johnston said the report highlighted the economic and social impact of the mineral exploration and development supply chain in B.C. in 2020. “The report set out to capture the economic impact of our industry, the reach and diversity of the vendors not only the types of vendors but the geographic diversity of them as well, the economic relationship between indigenous members of our community and the business community, and then how our industry really does contribute to the local economies in which we live work and play,” she said. According to the report, which used a survey of vendors and data from Natural Resources Canada, in

Bruce Ralston, British Columbia’s Minister of Energy, Mines, and Low Carbon Innovation, at AME Roundup. AME

2020, mineral exploration companies spent $513.5 million in the province. The EOE received and analyzed detailed spending data for $148 million of the total spending in the province, accounting for about 29% of the entire B.C. exploration expenditure in 2020. The report examined expenditures on goods, materials and services from more than 445 vendors located in 110 municipalities and Indigenous nations across the province. The EOE report found that mineral exploration projects spent between $61,000 and $66 million annually and contributed $35.9 million in provincial sales tax. The average expenditure reported by a single mineral exploration project is $1.2 million, with the average annual spend on drilling per project being $2.9 million. The potential economic impact of a five-year permit is $11 million. Additionally, the report found that every exploration company working in B.C. contracted at least 10 vendors per project. Meanwhile, these economic benefits circle out to the surrounding host communities. The report underscored the fact that Indige-

nous participation was central to successful mineral exploration in the province. “Exploration projects bring value to Indigenous communities through employment, direct investments, building capacity, and supporting Indigenous-affiliated businesses and local initiatives. Indigenousaffiliated businesses are essential partners and vendors in the mineral exploration supply chain,” said Johnston. The EOE report found more than 30 investments were directed to Indigenous communities or affiliated organizations, totalling about $200,000 in 2020. Indigenous-affiliated vendors offered goods, materials or services in eight of the 12 categories reported in EOE. In B.C., 21% of mineral exploration spending went to Indigenousaffiliated vendors. In comparison, federal agencies strive for Indigenous vendors to hold 5% of public contracts by 2024. Of these, 17% of drilling companies were Indigenous-affiliated. These companies represented about 40% of the total drilling expenditure. Of the 445 vendors reported in EOE, more than 35 Indigenousaffiliated businesses were associated with 19 First Nations. “These are

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the impression that managements are investing in things such as hedging that shows their belief the price may go down, investors abandon a company,” he said. He pointed to Barrick going through this phenomenon about 15 years ago when management thought the price of gold had peaked. “They did a massive $10 billion hedging program, and then the price of gold kept going up. And two things happened. “First, they had to settle and write a check to pay off three out of the money hedges they put on, and number two, the shareholders abandoned the company.” Telfer encouraged miners to overpay for good assets, one of the trickier pointers. High-quality assets are scarce, they’re hard to find, and they’re hard to buy. And whenever they possibly become available, they seem overpriced. “My experience has been you can’t overpay for good assets. Again, if you believe the price of a commodity will go up, that will bring you from what might look like an expensive asset today and make it look more reasonably priced in the future,” he said. “I just can’t overemphasize overpaying for good assets. Stretch yourself to get them because they are rare. They aren’t like streetcars. They don’t just keep coming down the road. If you believe the price of

Inside the processing facilities at the Brucejack mine in British Columbia. PRETIUM

essential partners and vendors in the mineral exploration supply chain,” said Johnston. The EOE report also looked at how EOE respondents took climate action by using alternative transportation and fuel-efficient vehicles, improving electricity and processing options, and tracking and reporting greenhouse gas emissions. According to Johnston, B.C. is a “centre of excellence” for mineral exploration. “Mineral explorers are the research and development arm of the global mining industry. Major producers invest in our mineral exploration projects and companies

to access the reserves and resources to feed the global supply chain and unlock the potential lying in the ground,” said Johnston. “It starts with us, the mineral explorers, and our time is now as responsible explorers. We are the first step in the global supply chain and finding the critical minerals needed for our low carbon future,” she said. “Every employee, every business, every owner, every indigenous partner in mineral exploration is part of our path to reaching our full potential, and we’re not there yet. We have a way to go.” TNM

gold is going up, as you should be, that asset will become more reasonable in the future.” Telfer also encouraged miners to conduct their acquisitions via shares. “When you’re about to issue shares with cash or issue shares to buy an asset, people obsess over their share price every day. You don’t need to. If you think you’re on the right path and doing the right things, the market will rise to reflect that going forward.” Emphasizing his point of believing in the gold price, he thinks management should always bet on a rising gold price. “This is what your shareholders want. This is what hopefully you believe. And so, when you are making acquisition or development or expansion decisions, you have to assume the price of gold is going to stay where it is or go higher to make your decision. Because if there’s some flat gold price, you’ll never do anything,” said Telfer. Another pointer is to pay close attention to political risk. “There are several companies now that are being punished by the politicians and the countries that they are operating in. They are having the tax rates jacked up, or assets are taken away or having the government demanding shares.” Telfer said companies had to pursue many acquisitions to grow, circling back to his initial advice. “While researching potential acquisitions, models are usually built on any number of assumptions to arrive at a suitable price. However,

sometimes that asset is better than you expected. Many times, too, the asset is not as good as you expected. “And so, my advice to anyone is don’t bet on making a silver bullettype acquisition to build your company and stop there. Keep going because the best way to diversify is to acquire more assets,” said Telfer. Lastly, Telfer urged miners not to pay dividends. “My observation of our industry is that we do not generate enough cash to operate our mines and demobilize them when they are finally finished, acquire new assets to replace ore reserves that we’re depleting every day, and then pay dividends on top of that. It doesn’t make sense,” he said. “We even have companies that have borrowed money to pay dividends, which is insane. And we have companies whose reserves and the quality of their reserves are going down every day. And then they’re using the cash they have to pay dividends. It’s an unbelievable situation.” He pointed out several mid-tier miners were not paying dividends, yet investors were piling into the stocks. “It’s because of the underlying value of the reserves and future potential of the cash flows. That’s why people buy the stocks,” said Telfer. “Yes, big institutions love the dividend because if you’re a gold fund, you must buy gold shares, so you want to buy ones that will pay something. But most people that buy gold shares are not buying them for the dividends. So, I think that’s a waste of money.” TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

Candente Copper’s PEA envisages 28-year open-pit mine at Cañariaco Norte PERU

| Project is considered tenth largest late-stage copper resource in the world

BY BY NAIMUL KARIM

andente Copper (TSX: DNT; US-OTC: CDOUF) expects to produce 173 million lb. copper a year from its 100% owned Cañariaco Norte copper-gold-silver project 700 km northwest of Lima in Peru, according to a preliminary economic assessment (PEA). The early-stage study also estimates annual average production of 31,395 oz. gold and 703,588 oz. silver over a mine life of 28 years, with an initial capital cost estimate of US$1.04 billion and an all-in capital cost of US$1.57 billion. The PEA envisioned a conventional truck and shovel open pit mine that would extract 702.7 million tonnes of mineralized material and 465.3 million tonnes of waste over the projected two years of pre-production and 28-year operating life. At an 8% discount rate, the project would generate a post-tax net present value of US$1.01 billion and a posttax internal rate of return of 16.3% using metal prices of US$3.50 per lb. copper, US$1,650 per oz. gold and US$21.50 per oz. silver. An earlier prefeasibility study published in 2011 predicted average annual production of 262 million lb. copper, 37,000 oz. gold and 850,000 oz. silver over a 22-year mine life. That study estimated all-in capital costs of US$1.56 billion. “This new PEA … is very significant because it allows a new option of how the mine could be built,”

Candente Copper’s Cañariaco Norte porphyry copper project 700 km northwest of Lima, Peru. CANDENTE COPPER

“WE WANTED TO SEE IF WE CAN GET A CAPEX THAT WAS SOMETHING MORE MANAGEABLE THAT EITHER US OR MORE COMPANIES WOULD BE ABLE TO MANAGE.” JOANNE FREEZE, PRESIDENT AND CEO, CANDENTE COPPER

Joanne Freeze, the company’s president and CEO, told The Northern Miner. “It has achieved three key project objectives: a lower initial capital cost, a subsequent project expansion financed from cash flow and enhanced environmental, social, and governance practices.”

“We decided that large companies in the world may like to build it as a big project, that’s great … but we wanted to see if we can get a capex that was something more manageable that either us or more companies would be able to manage,” Freeze added. Freeze said that “a single dry stack

waste management facility with comingling and co-disposal of waste rock and filtered mill tailings, would produce an overall smaller footprint for the project that is further distanced from farming communities.” The mining executive added that geo-metallurgical modelling of the property provided a better understanding of the mineralization, “resulting in a highly marketable concentrate with no need for arsenic treatment and lowers the projected operating cost estimate.” The average arsenic grade of the concentrate is estimated to be 0.49% for the first six years and 0.52% for the life of the mine, resulting in minimal

expected penalty charges totalling US$26 million, the company said. Freeze is confident that “there should be a mine” at the property in four years’ time. However, she isn’t sure if Candente Copper will be the company to build it. “We are a junior exploration company and a lot of companies like us advance a project to a certain degree and then get bought out. ... That’s not to say that we can’t build it. With a billion dollar capex versus something that was $1.5 or $2 billion, we have more options of how we could finance it,” she said. The Cañariaco project, which includes Cañariaco Norte, is considered to be the tenth largest latestage copper resource in the world and the sixth highest grade, according to analysts. It was acquired by the company in February 2002. It has measured and indicated resources of 1.09 billion tonnes grading 0.39% copper, 0.06 gram gold per tonne, 1.7 grams silver per tonne for contained metal of 9.29 billion lb. copper, 2.14 million oz. gold and 59.43 million oz. silver. Inferred resources add 410.6 million tonnes grading 0.29% copper, 0.04 gram gold per tonne, 1.4 grams silver per tonne for 2.66 billion lb. copper, 0.55 million oz. gold and 18.09 million oz. silver. At presstime, Candente Copper was trading at 23.5¢ per share, within a 52-week trading range of 10.5¢ and 26¢. The company has 268 million common shares outstanding for a market cap of $63 million. TNM

Tanzanian Gold pins its hope on a threepronged approach at Buckreef TANZANIA

| New ball mills will increase plant capacity to 1,000 tonnes per day “WE ARE GETTING IN A POSITION WHERE WE CAN FUND IT FROM OPERATING CASH. IT’S NOT A LARGE PRODUCTION, BUT IT’S ENOUGH TO DO A LOT OF WORK.”

BY NAIMUL KARIM

anzanian Gold (TSX: TNX; NYSE: TRX) believes a threepronged approach to developing its 2 million ounce Buckreef project could lead to Tanzania’s next national mining success story, CEO Stephen Mullowney tells The Northern Miner. Situated about 45 km to the west of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Bulyanhulu gold mine and nearly 35 km south from AngloGold Ashanti’s (NYSE: AU; JSE: ANG) flagship Geita mine in north-central Tanzania, Tanzanian Gold is looking to expand its current 360 tonnes per day processing plant to 1,000 tonnes per day by the end of the year, increasing the yield capacity from about 9,000 oz. of gold to more than 15,000 oz. per year. In the past year, subsidiary Buckreef Gold continued to operate the 5 tonnes per hour oxide test plant on the 1,600-hectare property. It plans to apply the cash flow to expand its exploration program this year and to advance the metallurgical study of its sulphide development project. The company believes about 90% of Buckreef’s gold resource is held in sulphide material. “I don’t know many mining assets in this kind of a position,” Mullowney said in an interview. “There are many good projects, but they are funded from treasuries. We are getting in a position where we can fund it from operating cash.

STEPHEN MULLOWNEY CEO, TANZANIAN GOLD

Ball mill at Tanzanian Gold’s Buckreef project. TANZANIAN GOLD

It’s not a large production, but it’s enough to do a lot of work.” In December, Buckreef produced 533 oz. of gold through its 360 tonnes per day processing plant. The two other ball mills required to upgrade the plant’s capacity to 1,000 tonnes per day have arrived in the port city of Dar es Salaam, which according to Mullowney, was the most timeconsuming aspect of the expansion project. He added that the company had gained sufficient knowledge while

running the existing processing plant — like knowing where to get the piping or finding the required contractors — which could “de-risk” the expansion. The initial mine plan incorporates about 10% of the oxide resources in the Buckreef Main Zone. The company has completed 19 drill holes for about 2,367 metres in the sulphide metallurgical program. These sample holes will be shipped for metallurgical testing in the second half of the year.

Regarding exploration, the company aims to focus on the extension of the Buckreef Main Zone in the northeast, the recently discovered Anfield Zone in the east and infill drilling in Buckreef West and Buckreef Main Zones. The company has completed six exploration holes (1,716 metres) with a highlight of 50 metres grading 1.8 grams gold per tonne in hole BMRCD308. Mullowney joined the company in December 2020. He said the pace

at which the project had progressed in the last year would have been “impossible” to replicate in Canada or the United States. “We are in a region where we have a lot of support. For instance, the presence of mining contractors helps reduce the total capex. There’s a lot of exploration drillers ... there’s a lot of people who know how to do mining ... we use shipbuilders to build tanks. We have got good electrical contractors,” said Mullowney. In 2020, the company updated Buckreef’s mineral resource estimate to 35.89 million measured and indicated tonnes grading 1.77 grams gold per tonne for 2.04 million contained oz. It also hosts 17.82 million inferred tonnes of 1.11 grams per tonne gold for 635,541 ounces. The resource estimate used a cut-off at 0.4 gram per tonne gold. TNM

WWW.NORTHERNMINER.COM

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

B.C. again rejects permit for Morrison copper-gold mine ENVIRONMENT

| Potential long-term effects of mine deemed unacceptable

Skeena Resources takes issue with decision about Albino Lake by B.C. Gold Commissioner | Company believes decision is in error and plans to appeal

REGULATORY ISSUES

Sockeye salmon in British Columbia. EDUARDO BAENA/ISTOCK

BY CECILIA JAMASMIE

he Canadian province of British Columbia has once again denied an environmental permit for the proposed Morrison copper-gold mine on a First Nation’s territory, citing potential risks to water quality and the local wild sockeye salmon population. The B.C. government also said the potential long-term effects and liability for the province were unacceptable. The open pit mine is on the territory of the Lake Babine Nation and upstream of the Gitanyow and Gitxsan First Nations’ lands. It was expected to produce 30,000 tonnes of mineralized material per day over its 21-year life and has been stuck in the environmental assessment stage for 18 years, since 2003. The company behind the project,

Pacific Booker Minerals (TSXV: BKM), first applied for an environmental assessment certificate in 2010, after spending a decade and US$10 million going through that permitting process. In 2012, it was then notified that, despite an initial positive recommendation by the province’s Environmental Assessment Office (EAO) and adequate consultation with local First Nations, the permit had been denied. Late in the process, the EAO’s executive director had changed a positive recommendation to a negative one, without giving Pacific Booker the opportunity to potentially address any remaining concerns, according to the company. The province’s decision follows a B.C. Supreme Court ruling in 2013 requiring the project to be reconsidered and a government’s order in 2015 to submit it to further assessment.

B.C., Canada’s largest copper producing province, received an influx of local explorers and from across the globe between 2016 and 2018. The positive momentum flattened out in 2019, with mineral and coal exploration expenditure in the province down less than a percentage point from the previous year, totaling $329 million. While gold continues to attract the largest spending, investment focus in the past two years has shifted to copper. Fresh data released by the province last week shows that exploration spending last year hit $660 million — just $20 million shy of the record $680 million spent in 2012. Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation, said total production from B.C. mines in 2021 is forecast to be $12.6 billion, which would be an all-time high. TNM www.tangoldcorp.com NYSE: TRX TSE: TNX Michael Martin (860) 248-0999 m.martin@tangoldcorp.com

Albino Lake in northwestern B.C.’s Golden Triangle. SKEENA RESOURCES

BY MARILYN SCALES

keena Resources (TSX: SKE; NYSE: SKE) has responded to a decision by British Columbia’s Chief Gold Commissioner on the tailings in the Albino Lake storage facility at the past-producing Eskay Creek gold-silver project in B.C.’s Golden Triangle. In August, Richard Mills, an individual holding a mineral claim on the lands that underlie the Albino Lake material, applied to the commissioner for a determination as to the ownership of the “minerals” in the tailings. The Albino Lake storage facility is a sub-aqueous deposition of metals, sulphides and certain deleterious elements for the past producing mine. The facility is managed by Skeena under the terms of the province’s Lands Act surface lease and authorizations under the Mines Act and Environmental Management Act. The company believes the decision is in error.“It is incomprehensible to us that the Chief Gold Commissioner of British Columbia would transfer ownership of materials that Skeena and, prior to that, Barrick, have actively managed and environmentally monitored for decades in the Albino Lake

storage facility to an individual who staked barren mineral claims below the facility,” Skeena’s CEO Walter Coles Jr., stated in a news release. “We feel this sets a grave precedent for mineral exploration, development, and environmental liability management in British Columbia. Skeena will utilize all legal avenues to remedy this situation within the B.C. court system and we have already begun the appeal process.” Skeena has mounted two drilling programs at Albino Lake seeking an answer to the question of whether or not it would be economically feasible to reprocess the material and recover precious metals. Late last year, it released assays as high as 10 grams gold-equivalent per tonne from the tailings. The layer of tails is from 12 to 17 metres thick and assayed between 3.39 and 5.9 grams gold per tonne and between 151 and 317 grams silver per tonne. Skeena released a prefeasibility study for the Eskay Creek project in July 2021. The study envisions a high-grade conventional truck and shovel open pit. Proven and probable reserves are 26.4 million tonnes with a diluted grade of 3.37 grams gold per tonne and 94 grams silver per tonne. TNM

Tanzanian Gold Corporation is steadily advancing the Buckreef Project - a Joint Venture with the State Mining Company (Stamico), on these main tracks: Expanding oxide gold production to a target rate of 15,00020,000 oz./yr.

Advancing to Final Feasibility for a sulphide gold mining operation expected to be substantially larger than previously modeled.

Planning and executing comprehensive drilling programs to unlock exciting exploration potential across the project.

Working in partnership with Stamico, for the benefit of all stakeholders - locally and internationally.

Drill rig at Skeena’s Eskay Creek gold-silver project in northwestern B.C. SKEENA RESOURCES

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UNITED STATES SPIFFYJ/ISTOCK

Integra Resources builds optionality into DeLamar development case IDAHO

| Project has “clear path to future non-oxide processing enhancements and resource growth upside”

Apollo Silver reports initial resource for Calico silver project in California | Project hosts five past-producing mines

CALIFORNIA

BY HENRY LAZENBY

ntegra Resources (TSXV: ITR; NYSE-AM: ITRG) has released a prefeasibility study (PFS) on the DeLamar gold-silver project in Idaho, outlining a two-pronged approach to both affordable near-term and sustainable long-term production. Company founder, president and CEO George Salamis tells The Northern Miner the PFS captures the company’s “crowning achievement” following two years of work by the Integra team and its various consultants. Following on from the success of the 2019 preliminary economic assessment, the PFS is a materially different and more significant scale project, entailing both heap leaching and milling. “Despite inflationary pressure currently overhanging the mining industry from a capital and operating cost perspective, the project continues to demonstrate strong positive economics and a high degree of optionality in terms of the scale, mining/processing scope and capital cost of gold-silver mines to be built at the project,” says Salamis in an interview. The two-stage US$282 million project envisions a larger scale open pit mining scenario that combines heap leaching and milling to achieve an average production level of 163,000 gold-equivalent ounces per annum for the first eight years and a total mine life of 16 years. DeLamar and the neighbouring Florida Mountain mines will have all-in sustaining costs of US$955 per gold-equivalent ounce on a coproduct basis. “Critically,” says Salamis, “the project has a clear path to future nonoxide processing enhancements and

A Project geologists Sebastien Bricka and Kifor Muroff at Integra’s Florida Mountain site in Idaho. INTEGRA RESOURCES

resource growth upside, including increased gold and silver recoveries using Albion processing methods. It entails a process with much lower capital costs than traditional oxidation plants and has yielded promising results in recent test work.” Additionally, this study does not incorporate any high-grade goldsilver potential below the Florida Mountain resource envelope. “The staged approach to development also means that the company starts production with heap leach only that can be developed with far lower capital and operating cost requirements, capable of producing an average of 136,000 gold-equivalent ounces per annum at a site level AISC of $813 per ounce (co-product basis). “We believe that in an inflationary environment, such as our shareholders and stakeholders are currently experiencing, having a multi-phase development stage is critically important and demonstrates maximum flexibility and transparency,” says Salamis. The PFS contemplates a 35,000 tonnes per day heap leach in Stage 1

that will process oxide and mixed ore from both the DeLamar and Florida Mountain deposits and a 6,000 tonneper-day mill to be built in Stage 2 to process sulphide ore. The heap leach and mill deliver an after-tax NPV (5%) of US$412 million and 27% after-tax IRR at US$1,700 per oz. gold and US$21.50 per oz. silver. Critically, the PFS shows DeLamar will become the third-largest U.S.-based silver producer, with silver accounting for about 35% of the revenue stream. Salamis says the sulphide expansion will take place at the company’s discretion and will be financed with internal cash flows. The PFS was based on proven and probable reserves of 1.8 million ounces gold at 0.45 gram gold per tonne and 92.4 million ounces silver at 23.27 grams silver per tonne. At presstime in Toronto Integra was trading at $2.30 per share within a 52-week trading range of $2.23 and $4.46 per share. The company has a market capitalization of $143 million. TNM

BY NAIMUL KARIM

pollo Silver (TSX.V: APGO; US-OTC: APGOF) has released an initial resource estimate for its Calico silver project, which CEO Tom Peregoodoff describes as “one of the largest undeveloped silver deposits” in the United States. The 1,194-hectare project in California’s San Bernardino County, about 233 km northeast of Los Angeles, hosts five past-producing mines — Waterloo, Voca, Union, Burcham and Langtry. The company has outlined its first resource for Waterloo of 38.9 million inferred tonnes grading 93 grams silver per tonne for 116 million oz. of contained silver and 19.3 million inferred tonnes grading 81 grams silver per tonne for 50 million oz. of silver at Langtry. The resource estimate was based on 438 historic drill holes. “This is the culmination of a lot of hard work by the team,” Peregoodoff told The Northern Miner, and “confirms Calico as one of the largest undeveloped silver deposits in the U.S.A. and positions Calico as one of the largest globally.” “There are significant opportunities to grow the value through expansion of the contained silver,” he continued. “And understanding and delineating the distribution of gold and barite, both of which are present, but neither of which was included in the resource statement.” Last year the company completed a rolling three-dimensional ground induced polarization and resistivity survey and Peregoodoff says drilling at the project this year will begin in March. The results will feed into a

Apollo Silver’s Waterloo property in California. APOLLO SILVER

revised resource estimate, he says, “with potential to increase and to convert inferred to indicated/measured” in the fourth quarter of this year. The company also plans to work on a preliminary economic assessment. The project’s size and continuity, and its location in a Tier 1 jurisdiction, Peregoodoff says, make Calico a significant silver project. Equinox Gold’s (TSX: EQX; NYSE: EQX) Castle Mountain and Mesquite gold mines, which produced 25,300 and 137,500 oz. gold, respectively are about 300 km from Calico, while Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) Boron mine is about 50 km away. Historically, the Calico mining district produced roughly 15 to 20 million oz. of silver between 1881 and 1896. Apollo acquired the Waterloo property in July 2021 and is earning a 100% stake in the Langtry claims. At presstime, Apollo Silver was trading at 65¢ per share within a 52-week trading range of 38¢ and $1.15. The company has 162 million common shares outstanding for a market cap of $105 million. TNM

NATURAL RESOURCES Trusted. Independent. Committed. Gold-equivalent production profile by processing method. INTEGRA RESOURCES

Delivering fit-for-purpose solutions across the entire mining life cycle 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/NATURALRESOURCES NAM.NATURALRESOURCES@SGS.COM

Gold-equivalent production profile by metals. INTEGRA RESOURCES

SPECIAL FOCUS UNITED STATES

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

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Analysts weigh in on Osisko Development’s Utah gold mine acquisition M&A

| Trixie underground mine produced 14,709 oz. gold last year

BY DANIEL SEKULICH

ess than two weeks after revealing its intention to add a new gold project to its list of assets, Osisko Development (TSXV: ODV) is getting positive feedback from market analysts on the deal. On January 25, Canadian-based Osisko announced it had entered into definitive agreements with three private American companies to acquire 100% of their ownership in Tintic Consolidated Metals LLC, which has been operating the Trixie gold mine in central Utah. The deal will cost Osisko aggregate payments totaling approximately US$177 million, including about US$54 million in cash and the issuance of 35 million common shares at a price of $4.32 apiece for a value of about US$123 million. Tintic Consolidated is also entitled to a further US$12.5 million in cash or shares at Osisko’s election over five years, a 2% NSR (with a 50% buyback for US$15 million in Osisko’s favour) and the right to 10% of the net smelter proceeds from the processing of about 21,000 tonnes of tailings currently at the site. The acquisition sees Osisko gain ownership of just under 6,880 hectares in Utah’s historic Tintic mining district, including the fully permitted, high-grade Trixie underground mine, an adjacent mill, and mineral claims to the property, located 95 km south of Salt Lake City. Trixie resumed operations in 2021, and last year produced 14,709 oz. gold at an average head grade of 59 grams gold per tonne. The mine has a current

capacity of 45 tonnes per day. In a research report, Haywood Capital Markets analyst Kerry Smith wrote that “the acquisition is not cheap, but the reward is potentially big.” In particular, he highlighted the importance of two new discoveries at Trixie, the T2 and T4 structures, and called the grades at these structures “pretty spectacular.” The ultra-high grade T2 structure is sub vertical, averaging 0.3 to 1.0 metres in true width. It was discovered in 2020, when geologists stepped back in a newly developed crosscut on the 625 level of the Trixie mine. This revealed grades that ranged from 2 oz. gold per tonne to over 100 oz. gold per tonne from more than 2,300 samples collected over a 215-metre strike length. The T4 zone is a stockwork vein system adjacent to T2 in the hanging wall. Haywood’s Smith notes that what makes these important is that “these two zones dip to the east, away from the old historic workings at the Trixie mine, opening up significant unexplored target.” He also pointed out that while T2 has much higher grades, T4 is much wider in the stockwork, and thinks “there is a high probability the T2 and T4 structures are consistently mineralized from around the 600 level to the 750 level.” Osisko has outlined an exploration plan for 2022 that includes a surface drilling program totaling 15,000 metres in the T2 and T4 zones. Reserve and resource estimates are to be released in the fourth quarter of this year and Smith believes it will show the potential for 14 months of

production just from T2, as well as plans that Osisko will build a new, 500 tonnes per day mill that will be operational by the end of 2024. Kevin MacKenzie at Canaccord Genuity is another analyst impressed by the Tintic project, and not only because of the ultra-high grades. He also feels the project has a wellestablished infrastructure and a solid management team. In a note, MacKenzie summarised his belief that “the near-term focus at Tintic will be to build out tonnage at Trixie, while longer-term we believe that there is significant exploration upside to be realized at both the local and district scale.” A financing element of the Tintic deal is that Osisko Development, through its Utah subsidiary, entered into a non-binding metals stream term sheet with a subsidiary of Osisko Gold Royalties (TSX: OR; NYSE: OR). That deal sees an upfront cash payment made to Osisko Development of at least US$20 million and up to US$40 million, with the company allowed to draw all or part of this upon closing of the deal for Tintic, which is anticipated to happen sometime in the second quarter of 2022. In early February, the company also announced it was working to meet the listing requirements that would allow it to begin trading on the NYSE. At presstime, Osisko Development was trading in Toronto at $4.45 a share, within a 52-week range of $3.89 to $9.00. The company has just over 133 million common shares outstanding, for a market cap of $593 million. TNM

www.northernminer.com

PURSUING A REVIVAL IN GOLD

Member IMA

Learn more at revival-gold.com

Open pit mining at Granite Creek occurred on the property between 1980 and 1999 and underground test mining was conducted in the early 2010s. I-80 GOLD

i-80 Gold strikes high-grade gold at Granite Creek as it expands drill program | Project hosts past-producing open pit and underground mines

NEVADA

BY NAIMUL KARIM

-80 Gold (TSX: IAU; US-OTC: IAUCF) said it intersected “highgrade gold” in the South Pacific Zone of its Granite Creek project, located in the Potosi mining district of Humboldt County in Nevada. The 1,300-hectare property hosts both open pit and underground resources and is situated less than 15 km from the Turquoise Ridge and Twin Creeks mines owned by Nevada Gold Mines, a joint-venture between Barrick Gold (TSX: ABX; NYSE: GOLD) and Newmont (TSX: NGT; NYSE: NEM). Between 2012 and 2013, Granite Creek’s former owner, Atna Resources, produced about 7,915 oz. of gold from an underground mine. Prior to that, Granite Creek produced about 987,000 oz. gold from various open pit operations between 1989 and 1999, and about 10,000 oz. gold between 1949 and 1950. Highlights of the latest drill results from the South Pacific Zone included 5.5 metres grading 25.5 grams gold per tonne starting from 436.5 metres in drill hole iGS21-12 and 3.4 metres grading 22 grams gold per tonne starting from 368.1 metres in drill hole iGS21-07. Drill results from the property’s Ogee and Mag Zones, released on February 8, included 73.2 metres grading 7.4 grams gold per tonne starting from 363.6 metres in drill hole iGS21-15 and 16.8 metres grading 3.4 grams gold per tonne starting from 127.9 metres in drill hole iGS21-14. “The consistency of high-grade gold mineralization … is truly impressive as the ongoing drill program continues to demonstrate the significant upside opportunity at Granite Creek,” Ewan Downie, the company’s CEO, said in a press release. The news follows the release in late January of five drill results from the same area. Highlights included 10.2 metres grading 14.7 grams gold per tonne starting from 468.3 metres in drill hole iGS21-04 and 7.1 metres grading 16.3 grams gold per tonne start-

ing from 391.4 metres in drill hole iGS21-03. A preliminary economic assessment released in November envisioned an open pit mine with a mine-life of nine years, producing a total of 1.2 million oz. of gold at an all-in sustaining cost of US$963.40 per ounce. At a 5% discount rate, the study estimated the project would generate a post-tax net present value of US$244.9 million and a post-tax internal rate of return of 34.2% at a base case gold price of US$1,650 per ounce. The project’s open pit measured and indicated resources currently stand at 28.3 million tonnes grading 1.42 grams gold per tonne for 1.2 million oz. contained gold. Inferred resources add 1.53 million tonnes grading 1.26 grams gold per tonne for 62,000 ounces. Granite Creek’s underground measured and indicated resources total 1.01 million tonnes grading 10.40 grams gold per tonne for 337,000 oz. gold. Inferred resources stand at 741,000 tonnes grading 13.41 grams gold per tonne for 319,000 ounces. In September, the company initiated a test mining program at Granite Creek to verify mining methods, cycles and sequences for advancing the underground ore headings and test the mechanical cutting and conventional mining methods. The company’s current focus of development is to deepen the ramp to provide more opportunities to pull ore from, an i-80 Gold spokesperson told The Northern Miner. A series of acquisitions in 2021, which included the Granite Creek, Lone Tree and Ruby Hill properties, made i-80 Gold one of the largest holders of gold and silver resources in Nevada, the company said. In January, the company announced plans to build a Nevada mining complex consisting of four mines in the next three years and produce about 500,000 oz. gold annually. The company, which was created as a spin-out of Premier Gold Mines’ See i-80 GOLD / 15

SPECIAL FOCUS UNITED STATES

GLOBAL MINING NEWS

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

UNITED STATES SNAPSHOT EIGHT COMPANIES TO WATCH

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

BY MARILYN SCALES

Lithium, uranium, copper, gold, zinc, and rare earths are all highly sought after in the United States. Here’s a look at eight companies with interesting assets to follow. n AMERICAN LITHIUM American Lithium (TSXV: LI; US-OTC: LIACF) is advancing the Tonopah Lithium Claims (TLC) project near Tonopah, Nevada. The lithium project is situated in the highly prospective Esmeralda lithium district and is about three and a half hours south of the Tesla Gigafactory. Last year was transformational for American Lithium as it acquired Plateau Energy Metals, which owned the Falchani lithium and Macusani uranium projects in Peru. American Lithium was also named to the 2021 TSX Venture 50, an annual ranking of top performing listed companies on the TSX Venture Exchange. (Selection is based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2020.) At the TLC project last year, metallurgical studies were completed, water rights secured, a baseline biological study done, and a plan of operations was filed. Last month, the U.S. Bureau of Land Management approved the TLC operations plan, and American Lithium began a 95hole drill program. It will also dig five test pits to collect samples for metallurgical testing. The results of those tests will help finalize the flowsheet of the processing plant

and be used to produce a preliminary economic assessment in the second quarter of this year. Drilling at TLC in 2019 returned samples that assayed up to 2,285 parts per million (ppm) lithium with numerous samples over 1,600 ppm lithium. Grab samples assayed as high as 1,690 ppm lithium. Spectrographic analysis by the company identified samples as high as 2,450 ppm lithium. Such information was used to produce a resource estimate in 2020 for a nearsurface deposit mineable with a low strip ratio. TLC’s measured and indicated resources stand at 1.1 million tonnes grading 919 ppm lithium, containing the equivalent of 5.4 million tonnes of lithium carbonate. The inferred portion contains 362,000 tonnes grading 912 ppm lithium, containing the equivalent of 1.7 million tonnes of lithium carbonate. A cut-off of 400 ppm lithium was used. Metallurgical studies have revealed lithium recovery rates of better than 90% from the TLC claystone after ten minutes. No significant concentrations of arsenic or uranium were reported. The project has little to no overburden and sits above the local water table with no groundwater runoff or watershed issues. Expect the PEA to update costs for a medium-sized run-of-mine surface operation that does not require blasting. American Lithium has a market capitalization of $716 million. ENCORE ENERGY EnCore Energy (TSXV: EU; USOTC: ENCUF) is advancing a portfolio of nearly 20 uranium projects in Texas, New Mexico, Wyoming, South Dakota, Utah, Colorado, and Arizona. The company’s goal is to become the leading in situ recovery (ISR) uranium producer in the United States. EnCore acquired many of its projects through its takeover of n

Azarga Uranium in 2021. Given the large number of projects, we will focus only on the most advanced. In addition, EnCore has two licensed processing plants in Texas (out of a total of just 11 in the U.S.) — Rosita and Kingsville Dome — bot h of which were former producers. Together they have nameplate capacity of 1.6 million lb. uranium oxide per year. The Rosita plant is being modernized, and the project will be complete by mid-year. The project had less than a US$1 million budget with changes to the yellowcake filter press dryer circuits and the ion resin elution circuit. Production is slated to restart in 2023 using feed solutions from several satellite operations. Remote ion exchange plants with capacities of 30,000 to 40,000 litres per minute will be located at the wellfields. To feed the Rosita plant, the Rosita wellfield is being expanded within the existing permit. The Upper Spring Creek project is licenced and will be developed. The Butler Ranch exploration project waits in the wings with a 43-101 report due in the second quarter of this year. In South Dakota, the Dewey Burdock uranium project was the subject of a 2019 preliminary economic assessment. The project was estimated to have a 16-year life (including a two year ramp-up) with annual production of 1 million lb. uranium oxide. The total cost per lb. of uranium oxide produced would be US$28.88. The PEA put the pre-production capital requirement at US$31.6 million followed by sustaining capital of $157.7 million. The estimated payback would occur at the end of the second year if design and procurement activities get underway in the second quarter of year one. The study assumed a long-term price of US$55 per lb. uranium oxide. After taxes, the Dewey Burdock project has a net present value with an 8% discount rate of US$147.5

million and an internal rate of return of 50%. Over its operation, the mine would generate net earnings post-tax of US$324.4 million. Dewey Burdock’s measured and indicated resources suitable for ISR are 6.7 million tonnes grading 0.116% uranium oxide for 17.1 million contained lb. uranium oxide. The inferred portion is 585.6 million

tonnes grading 0.055% for 712,624 contained lb. of uranium oxide. At its Gas Hills uranium project in Wyoming, the company released a PEA in 2021. The project is located in a historic uranium district that produced about 100 million lb. of yellowcake from 1957 to 1989.

45 offices worldwide and a global network of affiliates. No matter where you are in the world, chances are we’ve got your project covered.

.com

See SNAPSHOT / 12

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

SPECIAL FOCUS UNITED STATES

American Lithium’s TLC lithium claystone project in Nevada. AMERICAN LITHIUM

in 2.5 million tonnes grading 0.11% uranium oxide. The Crownpoint deposit was licenced to recover up to 3 million lb. of uranium oxide annually by a previous owner. Three shafts were sunk on the project in the 1980s. A PEA for the Marquez-Juan Tafoya uranium project in New Mexico was filed last year. An indicated resource of 6.4 million tonnes grading 0.127% uranium oxide for 18.1 million contained lb. was published. No information was given for inferred resources or reserves. The suggestion was made that it be mined by room and pillar methods rather than ISR to which EnCore is committed. Elsewhere in New Mexico, EnCore owns the Nose Rock and West Largo projects, both of which have historic resources; the Ambrosia Lake-Treeline property with ISR potential; and mineral rights to the Checkerboard property that potentially hosts several deposits. EnCore Energy has a market cap of $403.3 million.

Inspecting drill core from Lion’s MacArthur copper project in Nevada. LION COPPER AND GOLD

SNAPSHOT from 11

EnCore considers it a potential satellite deposit to the Dewey Burdock project. Gas Hills’ ISR measured and indicated resources are 3.5 million tonnes grading 0.101% uranium oxide for 7 million contained pounds. The inferred resource is 371,338 tonnes grading 0.052% uranium oxide for 427,817 contained pounds. In its recent corporate presentation, EnCore suggested the Gas

Hills project would have a mine life of seven years, producing about 1 million lb. uranium oxide yearly. No total or all-in sustaining cost per lb. was available. The project has a pre-production capital requirement of US$26 million, but no payback period was mentioned. Again, the study used US$55 per lb. uranium oxide as its base case assumption. EnCore has a dominant position in the Grants mining district in New Mexico (sometimes referred to as America’s Kazakhstan). The

major d ri l l i n g . c om

area produced about 350 million lb. of uranium from 1948 to 2002, a number that represents 97% of the uranium mined in the state or 40% of all the uranium mined in the U.S. during that period. A further 400+ million lb. of unmined mineralization has been identified. The Crownpoint and Hosta Butte project is a large ISRamenable undertaking that hosts 26.6 million lb. of uranium oxide in 11.5 million indicated tonnes grading 0.105% uranium oxide. The inferred resource hosts 6.1 million lb.

n HIGHLAND COPPER COMPANY Highland Copper Company (TSXV: HI; US-OTC: HDRSF) has two projects in Michigan’s Upper Peninsula. Its flagship Copperwood copper-silver project is located about 40 km from the town of Ironwood, and its White Pine North copper project is in the Keweenaw Peninsula region. Copperwood was discovered in 1956 and has the highest grade of all known sediment-hosted deposits in the region. It is at the develop-

WWW.NORTHERNMINER.COM

ment stage with permitting activities underway. The air discharge, dam safety and wetlands permit have been received, as well as an amendment to the mining permit and the wastewater discharge permit. The application to obtain a Lake Superior water intake permit is outstanding. The mill design and metallurgical test program is completed. According to a 2018 feasibility study, the Copperwood deposit has 49.3 million measured and indicated tonnes grading 1.15% copper and 3.83 grams silver per tonne for 1.7 billion lb. contained copper and 5.9 million oz. of silver. The inferred resource is 1.5 million tonnes grading 1.18% copper and 1.55 grams silver per tonne for 43 million lb. contained copper and 100,000 oz. of silver. There are also nearby satellite deposits with inferred resources of 59.9 million tonnes grading 1.15% copper and 342 grams silver per tonne. These deposits contain an estimated 1.3 billion lb. of copper and 5.5 million oz. of silver. The life of the Copperwood mine was estimated at about ten years with average annual production of 690 million lb. of copper and 232.1 million oz. of silver. The feasibility study estimated an initial capital expenditure of US$174 million to create a mechanized underground room and pillar mine operating at a rate of 6,600 tonnes per day. Payback would be achieved in 3.2 years. Metal prices of US$3.00 per lb. copper and US$18 per oz. silver were used for the study. The Copperwood project has an after-tax net present value with an 8% discount rate of US$316 million and an after-tax internal rate of return of 18%. The project benefits from well-developed local transportation and energy infrastructure. The company sees upside for Copperwood with resource upgrades, especially satellite orebodies, evolving mining techniques to increase productivity and reduce costs as well as reduced ore dilution, increased metallurgical recoveries, and capital-saving tailings management practices. Highland Copper completed the acquisition of the White Pine North copper project last year. Large-scale mining was begun in 1953 using room and pillar techniques, but the mine closed in 1997. From 1954 through 1995 the mine produced 4.5 billion lb. of copper. In 2019, a preliminary economic assessment of reopening the mine outlined a project with a life of 25 years, during which time it could produce another 89 million lb. of copper and 1.3 million oz. of silver. To restart the mine and refurbish the mill would cost $457 million, net of pre-production revenue of $56 million. The payback period would be 4.5 years. The base case was estimated using a copper price of US$3.00 per pound. The indicated resource is 133.4 million tonnes grading 1.07% copper for 3.2 million lb. copper, and 14.9 grams silver per tonne for 63.8 million contained oz. silver. The inferred resource was 97.2 million tonnes grading 1.03% copper (containing 2.2 million lb. copper) and 8.7 grams silver per tonne (containing 27.2 million oz. silver). Life-ofmine cash costs were estimated at US$1.40 per lb. of copper. The White Pine North project has an after-tax net present value at an 8% discount rate of $416 million and an initial rate of return of 16.8% after taxes. With two promising projects in Upper Michigan, Highland Copper sold its non-core assets to Sweetwater Royalties for $26 million last year. Highland Copper has a market cap of $111 million. See SNAPSHOT / 13

GLOBAL MINING NEWS

SPECIAL FOCUS UNITED STATES

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

EnCore Energy employees at the company’s Kingsville Dome central processing facility in Texas. ENCORE ENERGY

The Pickett Mountain base metals project in Maine. WOLFDEN RESOURCES

SNAPSHOT from 12 n HUDBAY MINERALS Hudbay Minerals (TSX: HBM; NYSE: HBM) has two advanced copper projects in the U.S. — Mason in Nevada and Rosemont in Arizona. Hudbay is moving forward at its Mason copper project, 75 km southeast of Reno. The company acquired Mason in 2018 and considers it a long-term option for development and a strong component of its pipeline. A 2021 preliminary economic assessment for Mason outlined a 27-year mine life with annual production of about 30.9 million lb. of copper in each of the first ten years of production. The project carries what Hudbay calls a ‘sustaining cash cost’ of US$1.76 per lb. copper over the life of the mine. It would cost $2.1 billion to build the mine and a 120,000 tonne-perday concentrator. The project would pay for itself in nine years with a copper price of US$3.10 per pound. The net present value at an 8% discount rate would be $945 million and the internal rate of return would be $13.7%, both after taxes. Resources in the measured and indicated category include 2.2 billion tonnes grading 0.29% copper, 67 grams molybdenum per tonne, 0.029 gram gold per tonne, and 0.64 gram silver per tonne. The inferred resource is 237 million tonnes grading 0.24% copper, 78 grams molybdenum, 0.33 gram gold, and 0.73 gram silver.

Hudbay is compiling and interpreting historical data related to its land package near Mason. That will be followed by a geophysical survey and the selection of additional drill targets. Consultation with local stakeholders is ongoing.

Core samples from Ucore Rare Metals’ Bokan-Dotson Ridge rare earth element project. UCORE RARE METALS

The Rosemont copper-molybdenum-silver project 50 km southeast of the city of Phoenix was acquired in 2018. It could be the largest active copper mine in the country. The project would have a 19-year life with annual production of al-

most 28 million lb. of copper in each of the first ten years of operation as an open pit mine. The company has suggested cash costs of US$1.14 per lb. copper, net of byproduct credits. The project was permitted and

Hudbay was prepared to spend $122 million for an early works program in 2019, when the U.S. District Court vacated and remanded the project permit awarded by the U.S. Forest Service. A later appeal by Hudbay was rejected by the same court. Work is halted at Rosemont, but the resources remain. Late last year, Hudbay released a resource estimate for Rosemont of 536.2 million measured and indicated tonnes grading 0.32% copper, 0.011% molybdenum per tonne, and 2.64 grams silver per tonne. The inferred portion was 62.3 million tonnes grading 0.30% copper, 0.010% molybdenum, and 1.58 grams silver per tonne. These resources include a near-surface, high-grade indicated resource of 96 million tonnes at 0.57% copper and an inferred resource of 31 million tonnes at 0.71% copper. The reSee SNAPSHOT / 14

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SNAPSHOT from 13

source numbers include both oxide and sulphide mineralogy. The mineralization could be recovered by flotation and leaching. Near the Rosemont project, Hudbay continues to work on its Copper World project. The project is another one of the large greenfield projects in North America. Copper World has mineralization recoverable by flotation that includes 48 million indicated tonnes grading 0.68% copper and 13 million inferred tonnes grading 0.79% copper. The portion of resources that could be heap leached includes 48 million indicated tonnes grading 0.47% copper and 18 million inferred tonnes grading 0.49% copper. The resources also contain recoverable molybdenum and silver. Outside the U.S., Hudbay operates the Lalor gold-copper-zinc and 777 zinc-copper mines, and the New Britannia gold mill in Manitoba as well as the Constancia copper mine in Peru. Hudbay has a market cap of $2.5 billion. KINROSS GOLD Kinross Gold (TSX: K; NYSE: KGC) has three producing mines in the United States. Outside of the U.S. it has three others: one in Mauritania, one in Ghana and one in Russia. In 2021 the company produced 2.1 million gold-equivalent oz. at an allin sustaining cost of US$1,110 per oz. gold-equivalent. The Fort Knox gold mine 42 km northeast of Fairbanks, Alaska, is one of the few cold-weather heap leach facilities in the world. Mining is done by open pit methods with ore milled and placed on the heap. The mine plan stretches to 2030. n

SPECIAL FOCUS UNITED STATES

Hudbay Minerals’ Mason copper project in Nevada. HUDBAY MINERALS

The Fort Knox mineral resource includes 117.4 million measured and indicated tonnes grading 0.33 gram gold per tonne for 1.3 million contained ounces. There are also 101.6 million inferred tonnes grading 0.32 gram gold per tonne for 1 million contained ounces. In 2020, Kinross acquired 70% of the Manh Choh (formerly Peak) project, 400 km southeast of the Fort Knox mine. Production is planned to begin in 2024 with the ore being processed at the Fort Knox mill, which has a capacity of 45,000 tonnes per day. Exploration 13 km east of the Fort Knox mine has focused on

the satellite Gil-Sourdough deposit. Production was anticipated to begin late last year. The Round Mountain open pit mine, 90 km north of Tonopah, Nevada, is 100% owned. In 2016, Kinross bought out its joint-venture partner Barrick Gold. The mine began operating in 2003 and poured its 15 millionth ounce in 2018. Gold is recovered by milling, gravity and heap leaching. Kinross expanded the Round Mountain mine with the phase W project, which poured its first gold in 2019. This project included a layback of the current pit, which will increase life-of-mine production by

1.5 million oz. of gold. Work is already underway on the phase S expansion. At the end of 2020, Round Mountain’s measured and indicated resources stood at 173.4 million tonnes grading 0.7 gram gold per tonne for 3.7 million contained ounces. A further 96.4 million tonnes grading 0.5 gram gold per tonne and containing 1.6 million ounces were counted in the inferred resource. The Bald Mountain mine is another open pit mine, 110 km southeast of Elko, Nevada, in the southern extension of the Carlin trend. Kinross acquired 50% of

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the mine in 2016 and bought out its joint venture partner in 2018. Gold is recovered primarily by heap leaching. At the end of 2020, Bald Mountain’s measured and indicated resources were 205.5 million tonnes grading 0.5 gram gold per tonne for 3.6 million contained ounces. The inferred resource was 695,000 contained oz. of gold in 47.7 million tonnes grading 0.5 gram gold per tonne. Kinross plans to expand all of its mines around the globe, but the biggest news recently is the gold major’s takeover of junior explorer Great Bear Resources and its flagship high-grade Dixie gold project in the Red Lake camp of Ontario. The market capitalization of Kinross Gold is $8.7 billion. n LION COPPER AND GOLD Formerly known as Quaterra Resources, Lion Copper and Gold (TSXV: LEO; US-OTC: LCGMF) is advancing its flagship MacArthur copper project 80 km southeast of Reno, Nevada. The oxide resources were mined in the 1990s, and Lion has plans to bring it back into production. The oxide and chalcocite material at MacArthur may contain a total of nearly 1.7 million lb. of copper. A closer look with a 0.12% copper cut-off grade, puts the measured and indicated resources at 159.1 million tonnes averaging 0.21% copper for 675.5 million contained pounds, and inferred resource at 243.4 million tonnes grading 0.2% copper for 979.5 million contained pounds. There is also a sulphide resource at MacArthur that is open in most directions and the subject of ongo-

See SNAPSHOT / 15

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Highland Copper’s White Pine copper project in Michigan. TRAXYS POWER GROUP

SNAPSHOT from 14

ing exploration. This primary material, estimated with a 0.15% copper cut-off, has measured and indicated resources of 1.1 million tonnes grading 0.29% copper for 6.4 million contained pounds, plus an inferred resource of 134.9 million tonnes at 0.28% copper for 764.1 million contained pounds. The resource estimate comes from a prefeasibility study released in 2012. Lion plans to release an updated resource estimate before the end of the first quarter of this year. The company recently drilled 16 holes that bottomed in sulphide mineralization and averaged more than 0.25% copper. The northernmost hole intersected 19.5 metres grading 1.31% copper, including 6.5 metres of 2.21% copper. Adjacent to the MacArthur project are the historic Bear and Yerington copper properties. The Bear deposit was partially drilled in the 1960s and has a non-compliant historic resource of roughly 450 million tonnes averaging 0.4% copper. The open pit Yerington copper mine operated from 1918 to 1978. The 2013 historical resource estimate included 633 million lb. of copper at 0.3% to 0.33% copper in the measured and indicated category and 600 million lb. of copper at 0.23% copper in the inferred resource. Lion also owns the Butte Valley prospect 61 km northwest of Ely, Nevada. In partnership with Kijik Corp., an Indigenous-owned company, Lion has an interest in the Groundhog copper prospect in southwest Alaska. This month, Lion acquired the Blue copper prospect 40 km northwest of Helena, Montana, where the claim block hosts at least 14 historic small mines that produced gold, copper and tungsten. Lion’s project pipeline includes two Canadian properties — Chaco Bear and Ashton — in British Columbia. Both have evidence of porphyry copper-gold, high sulphidation epi-mesothermal copper-gold, and porphyry related low-sulphidation epi-mesothermal gold mineralization. These two properties are optioned to Houston Minerals and Spences Bridge Group, respectively. Lion Copper and Gold has a market capitalization of $26.6 million. n UCORE RARE METALS Ucore Rare Metals (TSXV: UCU; US-OTC: UURAF) is focused on rare earths and critical metals. It owns all of the Bokan-Dotson Ridge heavy rare earth elements (REE) property on Prince of Wales Island in southeast Alaska. Ucore’s ultimate goal is to foster an independent American REE supply chain. Ucore has spelled out its ambitions in its three-year Alaska 2023 plan, which includes the creation of the Alaska SMC (strategic metals complex) and funding for Bokan. The Alaska

2023 plan also includes securing REE feedstock from a U.S.-friendly source and cultivating a tiered supplier and customer base for REE products in the West. Part of the plan, involving Ucore subsidiary Innovation Metals, is to commercialize the proprietary Rapid SX process for the low-cost separation and purification of REEs, nickel, cobalt, lithium, and other strategic metals. This process is based on solvent-extraction, a much cleaner technology than conventional smelting. Engineering for a commercial demonstration plant is complete, and procurement of the components has begun. The company continues to advance the Bokan REE project well beyond the preliminary economic assessment that was produced in 2013. A decade ago, the inferred resource was 5.2 million tonnes grading 3,369 parts per million (ppm) light REE and 2,114 ppm heavy REE or 0.394% light rare earth oxides (REO) and 0.259% heavy REO. The total REO grade was 0.653%. Meanwhile, Ucore has been drilling Bokan so that it can upgrade the earlier resource estimate and assays are pending. The deposit remains open down-dip and on-strike. A summer program is to begin in May 2022. The mineral processing flowsheet has been designed, and a pilot plant has been created to test mineralized samples from Bokan this summer. An optimized concentrate will be produced. The results of those tests will form part of the feasibility study. The company has hired a permitting consultant to move forward on that front. Ucore has already invested over $35 million to establish and validate the Bokan-Dotson Ridge resource in preparation for mine design and permitting. Ucore has a market cap of $48 million. WOLFDEN RESOURCES Wolfden Resources (TSXV: WLF; US-OTC: WLFFF) is the 100%owner of the Pickett Mountain zinclead-copper-silver project in northern Main’s Penobscot County. The company believes it is one of the highest grade undeveloped massive sulphide deposits in North America. The project lies within the Gander Terrane, which hosts the 46 known deposits of the Bathurst mining camp in New Brunswick and the Buchans mining district in Newfoundland. The average grades at Pickett Mountain are 10% zinc, 4% lead, 1.5% copper, 100 grams gold+silver per tonne. Resources were updated last in November 2021. There is an indicated resource of 2.7 million tonnes grading 8.91% zinc, 3.83% lead, 1.22% copper, 0.8 gram gold per tonne, and 97.2 grams silver per tonne (17.72% zinc-equivalent). Grades in the inferred resource are equally high. There are 3.6 million inferred tonnes grading 9.27% zinc, 3.82% lead, 1.0% copper, 0.7 gram gold per tonne, and 105.4 grams siln

ver per tonne (17.65% zinc-equivalent). Estimates were made using a 7% zinc-equivalent cut-off grade. A preliminary economic assessment was completed in September 2020. The early stage study proposed an underground ten-year mining project with a 1,200 tonneper day mill. Wolfden forecasts a pre-production capital expense of US$147.4 million, plus US$100 million for sustaining capital and US$13.7 million for reclamation and closure. The project has a payback period of 2.4 years after taxes. For the PEA, metal prices of US$1.15 per lb. zinc, US$3 per lb. copper, US$1 per lb. lead, US$1,500 per oz. gold, and US$18 per oz. silver were used. Pickett Mountain was estimated to have an after-tax net present value at a 5% discount rate of US$255.5 million. With an 8% discount rate the NPV would be US$198.3 million. The internal rate of return after taxes would be 37%. Maine has a restrictive mining law passed in 2017, which forbids open pit mines of more than 1.2 hectares. Wolfden is the first mining company to apply for re-zoning of its landholding under this law. The original application was made a year ago to rezone 261.5 hectares of its 2,891 hectare Pickett Mountain holdings. The area covered would be the site of a small underground base metals mine. In October, Wolfden withdrew its application so that it can amend the request. “Although this is a temporary setback and will draw some negative criticism on the future of mining in Maine, the company is confident it has an approach and path forward for submitting a new application,” Ron Little, Wolfden’s president and CEO, stated in a press release. “The project represents one of the greenest mine designs in the world, will generate 303 jobs per year, generate over US$697 million in economic output to the state, and continues to receive tremendous support from local and regional communities.” In Canada, Wolfden is advanc-

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

ing its 100%-owned Rice Island nickel-copper-cobalt project located in the Snow Lake-Flin Flon greenstone belt in Manitoba. The company has a second nickelcopper property, Nickel Island, 280 km southeast of Thompson, Manitoba. Neither of these properties have published resources. The company also holds the

16,000-hectare Tetagouche property, with six historic massive sulphide deposits (non 43-101 compliant), in the Bathurst zinc-lead mining camp in New Brunswick. It also owns the California Lake silver deposit, the most significant deposit of its type in the district. Wolfden has a market capitalization of $33.6 million. TNM

Mill at i-80’s recently acquired Lone Tree project in the Battle Mountain trend of northern Nevada. I-80 GOLD i-80 GOLD from 10

assets in the United States, said it intends to execute a “hub and spoke” development plan with Lone Tree as the “hub” of the company’s operations with a central processing facility, operations office, assay lab and warehouse for all sites. Some of the company’s major shareholders include Equinox Gold (TSX: EQX; NYSE: EQX) and Barrick and Newmont’s Nevada Gold Mines. CEO Downie owns over 5 million shares in the company. Ovais Habib, a Scotiabank analyst, viewed the drill results favourably as he believes that the high-grade gold intercepts across wide intervals “bodes well for resource additions in the future.” “Drilling of the SPZ (South Pacific

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Zone) has been elevated to the primary exploration target at Granite Creek with an expanded program of 30 km of delineation and step-out drilling planned for 2022 using additional rigs,” he stated in a research note to clients. “The South Pacific Zone remains open along strike and at depth. I-80 plans to include the SPZ in a resource update following this year’s drilling program. I-80 is also working to complete ~20 km of exploration drilling between Ruby Hill and McCoy Cove in 2022.” At presstime, the company’s shares were priced at $2.88 per share. Over the last year the company has traded in a range of $2.26 and $3.54. It has just under 239 million common shares outstanding for a market cap of $687 million. TNM

WWW.NORTHERNMINER.COM

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

Advanced Marimaca project still in the ‘early stages of discovery’ says CEO COPPER

| Infill drilling began in January at site in northern Chile

BY HENRY LAZENBY

arimaca Copper (TSX: MARI) is confident its namesake discovery in northern Chile near Antofagasta is still in the discovery phase despite a feasibility study forthcoming by year-end and a construction decision looming in 2023. President and CEO Hayden Locke tells The Northern Miner the company had a smooth start to infill drill work at the Marimaca Oxide Deposit (MOD) in January. Planning is advancing on a parallel MOD depth extension (called MAMIX) drill campaign to start soon as the company works to understand the size potential of the deposit better. “We are now very focused on the upside potential at Marimaca,” Locke says in an interview. “Our internal work indicates the MAMIX presents a compelling opportunity to increase the deposit scale, both in terms of contained metal tonnes and potential annual production, which will be used as the basis for the feasibility study,” he says. The 22,500-metre infill drilling program aims to convert the existing inferred resources to the measured and indicated categories for a planned mid-year mineral resource estimate. The new resource will form the basis for a feasibility study planned for the second half of 2022 and a first-phase construction decision early in 2023. The company bills itself as having made the only copper discovery of substance in the past five years. As of the December 2019 MRE, Miramaca hosts 420,000 tonnes of copper in the measured and indicated categories in 704 million tonnes of material grading 0.6% copper. It also has an inferred resource holding 225,000 tonnes copper within 43 million tonnes grading 0.52% copper. Sergio Rivera, Marimaca’s VP of exploration, made the initial discovery in 2017. His hunch that this area could be a significant project was confirmed only a few months later when a one-in-a hundred-year rainfall washed the Atacama dust away to reveal the green-coloured mountainside at Marimaca. The company has made three more discoveries on the district-scale land package. They entail Cindy, Mercedes and Roble, which are just three of many other regional targets that could ostensibly become, with more drilling, satellite deposits to the initial Miramaca development. At Mercedes, which had seen the most drilling, Miramaca encountered significant oxide copper mineralization from the surface. An initial area of interest measured 400 metres along strike and 300 metres width. Still, there are lower-hanging fruit closer to the main deposit, says Locke. Recent MAMIX drilling encountered broad zones of mixed oxide and secondary sulphide mineralization immediately below the preliminary economic assessment (PEA) openpit shell limits. “The discovery of the MAMIX zone offers outstanding potential to increase the overall scale of the Marimaca project,” says Locke. “We recently released an exploration target to quantify the potential size of this opportunity, and we intend to test it as part of the expanded MOD infill program. If we can get another 30 to 40 million tonnes grading between 0.4% to 0.5% copper, that could add another 30 to 50 tonnes of metal to our profile,” says Locke. He says the MOD shows “excellent continuity” of near-surface copper

Marimaca’s copper project in northern Chile. MARIMACA COPPER

oxide mineralization. So much so, recent drill pad construction has exposed green copper oxides in the southern portion of the MOD in areas that were previously interpreted to be barren in the 2019 resource estimate. “We look forward to drilling from these newly constructed platforms and believe there may be upside to our current MOD resource model. We believe we are still in the early chapters of the discovery process at Marimaca and anticipate further growth of the deposit during 2022,” says Locke. In the company’s view, the new MAMIX area immediately below the pit shell represents a compelling opportunity to increase the deposit scale, both in terms of contained metal tonnes and potential annual output. It plans to add more drill rigs for the MAMIX infill campaign, which will be increased from 2,500 metres to 10,000 metres. The ongoing review of the MAMIX target even highlights the potential for more extensions outside of the exploration target area. The company is undertaking a district-scale exploration program to evaluate whether the project is part of a larger emerging copper district. The mineralization differs from other established mines in the region. It entails an easier to process iron oxide copper-gold (IOCG) deposit instead of the more common manto or porphyry-style of mineralization. This is a crucial differentiator for the project. According to the 2020 PEA, the Marimaca development has a low capital intensity at US$285 million. Operating costs also fall in the bottom 15% of the all-in sustaining cost curve at US$1.29 per lb. over the mine life, which provides a cash margin of 65% at US$3.70 copper. Locke also notes the project is further advanced than a typical PEA-level asset, with four rounds of metallurgical testing pointing towards recoveries of 76%. The company is undertaking another phase of the study. The PEA outlined a 12-year mine life with strong potential for exten-

sion. The project is close to infrastructure and utilities. The Marimaca project will produce on average 40,000 tonnes per annum of copper cathode via a solvent-extraction electrowinning process. Locke notes the operation would aim to reduce environmental impacts such as water, opting for using seawater for the process while using ample solar exposure as potentially beneficial for the mine’s

energy and ESG needs. Meanwhile, Marimaca is advancing several multidisciplinary technical workstreams supporting the feasibility study. These initiatives will also form the basis for project permitting and are expected to be finalized before feasibility-level engineering starts. “The company is also in the final stages of the Phase V metallurgical program, which will be released when

Cross section highlighting Madison drill hole MADN0033. AMERICAN PACIFIC MINING

AMERICAN PACIFIC from 1

several outcropping targets for priority follow-up work,” said Smith. While the respective companies are yet to decide on the 2022 Madison exploration strategy, Smith would also like to see some drill holes aimed at the potential deep-lying porphyry. “There was a drill hole in 2017 that intersected the porphyry. We’d like them to vector in and go after it,” said Smith. Up to now, Rio had been primarily interested in the mineralized skarn at Madison, but now other styles of mineralization are becoming increasingly important.

“There are three types of ore at Madison, including the oxidized material, the massive sulphide, and the native copper. And it all runs,” said Smith. Madison was last in production between 2008 and 2012. It produced 2.7 million pounds of copper at between 20% to 35% copper and 7,600 ounces of gold at 16.1 grams gold per tonne. Also in the company’s project portfolio are the Gooseberry goldsilver project and the Tuscarora gold project. The company recently expanded the Tuscarora project by staking an additional 47 claims totalling 971

available and the water supply engagement and permitting preparation are progressing well,” says Locke. Locke says ‘green copper’ is a subject of deepening market interest and benefit to the Marimaca narrative. “The copper industry will need to change its approach to producing the metal when viewed through the full carbon cycle, including Scope 3. This gives rise to new ‘technology plays’ in the space, which could turn the industry on its head,” hints Locke. The company has commissioned various external consultants, including Wood Mac and Digbee ESG, to evaluate its carbon footprint once in production. Marimaca’s copper intensity from Scope 1 and Scope 2 emissions of 822 kilograms carbon dioxide equivalent per tonne of copper equivalent places it in the first quartile of the global copper mine carbon emission curve. “When you factor in Scope 3 emissions, in this case, the additional emissions associated with the smelting of copper concentrate used to make most of the world’s copper, Marimaca will be potentially in the bottom decile for carbon intensity,” says Locke. Marimaca Copper remains tightly held, with only about 88 million shares outstanding. Among the board count experienced members such as former First Quantum Minerals (TSX: FM) executive Clive Newall. The project entails a rare combination of low upfront capital and bottom-quartile operating cost. With an event-rich catalyst profile through to 2023, Marimaca has the makings of a new copper producer. It comes when some analysts expect copper to be heading into supercycle territory in the medium term. At presstime, Marimaca shares were trading at $3.89 apiece, up about 11.3% over the past 12 months, having tested a top of $5.85 in April last year. It has a market capitalization of about $342 million. TNM

Inside the core shack at the Madison project. AMERICAN PACIFIC MINING

acres in Elko County, Nevada. Smith said the company had started work on a $5 million program drilling up to 70 holes for 17,000 metres to test a series of high-grade gold targets at the project in 2022. The 215-claim, 4,272-acre project consists of many high-grade gold vein targets, including the Grand Prize Target from which the company reported bonanza grade samples of 21,032 grams per tonne gold and 38,820 grams per tonne silver in 2021. “The idea with Tuscarora is to turn it into a million-ounce gold deposit at which level its future options become clearer,” said Smith. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

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MAKESENSE SENSEOF OF THE MINING INDUSTRY MAKE THE MINING INDUSTRY Mining Explained is a 164-page reference manual (written in layman’s language) that includes the following chapters: Mining Explained is a 164-page reference manual (written in layman’s language) that includes the following chapters: Basic Geology • Ore Deposits • High-Tech Prospecting Sampling & Drilling • Mining Methods • Processing Ore • Mining & Basic • Ore Deposits • High-Tech Sampling & Drilling • Mining Methods Ore • •Mining & Sense theGeology Environment • The Mining Team • Prospecting The Business of Mining • Feasibility: Does it Pay?• Processing • Metal Markets Making theofEnvironment • The Mining Team • The Business of Mining • Feasibility: Does it Pay? • Metal Markets • Making Sense the Numbers • Investing in Mining • Glossary of Mining Terms of the Numbers • Investing in Mining • Glossary of Mining Terms

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FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / FEBRUARY 7-11, 2022 The S&P/TSX Composite Index rose 313.34 points or 1.45% to 21,548.84 during the Feb. 7-11 trading week. The S&P/TSX Global Mining Index increased 4.40 points or 3.89% to 113.09 and the S&P/TSX Global Base Metals Index climbed 11.91 points or 5.86% to 202.96. The S&P/TSX Global Gold Index rose 10.62 points or 3.54% to 299.63 and spot gold climbed US$17.60 per oz. or 0.96% to US$1,831.15 per ounce. Cameco’s shares rose by $2.99 to $28.36. On February 9, the company announced plans to restart its McArthur River mine and Key Lake mill in Saskatchewan this year. The assets, 70% owned and operated by Cameco, have been in care and maintenance since mid-2018. By 2024, McArthur River and Key Lake are planned to reach 60% of capacity, producing 15 million lb. uranium annually. At the same time, production from Cameco’s 50%-owned Cigar Lake mine in Saskatchewan will be reduced to 13.5 million lb. per year, which is 25% below capacity. Significant investment in automation, digitalization and other projects are also planned, and the company expects to incur operational readiness costs until a “reasonable” production rate is achieved. In 2021, the company operated at only 25% of its productive capacity, which Tim Gitzel,

Cameco’s CEO, noted came at a significant cost to the business. Shares of Barrick Gold gained $1.92 to $26.38. The company reported that at a gold price of US$1,200 per oz., its attributable proven and probable reserves grew to 69 million oz. gold at 1.71 grams gold per tonne, from 68 million oz. gold at 1.66 grams gold per tonne in 2020. Barrick said that it had succeeded in replacing its global gold reserve base by 150% before accounting for acquisition and equity changes at its South Arturo and Porgera mines and noted that the reserve base came with a 3% improved group reserve grade in 2021. CEO Mark Bristow said in a February 10 press release that successful exploration continued to TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Barrick Gold B2Gold Corp Kinross Gold Denison Mines Agnico Eagle Yamana Gold OceanaGold New Gold Cameco Corp

SU ABX BTO K DML AEM YRI OGC NGD CCO

45670 24170 24012 23858 22970 20394 17739 14189 11251 11079

38.53 26.59 5.06 7.37 1.74 64.20 5.69 2.12 2.42 30.10

WEEK LOW CLOSE CHANGE

35.79 24.39 4.58 6.90 1.46 59.58 5.10 1.92 2.01 24.59

38.38 26.38 5.02 7.31 1.62 63.46 5.62 2.09 2.40 28.36

+ + + + + + + + + +

1.74 1.92 0.46 0.39 0.12 2.00 0.50 0.12 0.39 2.99

replenish the company’s asset base and target pipeline, securing its business plans well into the future. The reserve replacement comes amid industry-wide depletion of reserves and resources. “While we look closely at all new business opportunities, we believe finding our ounces is always better than buying them,” Bristow said. “That’s why we’re still discovering real value at the end of our drill bits.” Orvana Minerals jumped 27.8% to 46¢. On

February 11, the company announced financial results for the three months ended December 31, 2021. During the period it produced 15,921 gold equivalent oz. (11,731 oz. gold, 1.5 million lb. copper and 48,752 oz. silver) at an all-in sustaining cost of US$1,574 per gold-equivalent ounce. Orvana also said it would be filing an updated preliminary economic assessment report for its Taguas project located in Argentina’s San Juan province. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Orvana Mnrls Largo Res Platinum Gp Mt Vista Gold NextSource Mat Xanadu Mines New Gold Imperial Metal Almaden Min Karnalyte Res Black Iron Silver Eleph Loncor Res Yorbeau Res Star Diamond Nickel Creek Talisker Res Verde Potash Xtra-Gold Res Candente Coppr

ORV LGO PTM VGZ NEXT XAM NGD III AMM KRN BKI ELEF LN YRB DIAM NCP TSK NPK XTG DNT

VOLUME (000s)

WEEK LOW CLOSE CHANGE

1045 0.47 0.37 653 13.40 10.47 469 2.36 1.95 136 1.05 0.00 942 4.48 3.73 984 0.03 0.02 11251 2.42 2.01 157 3.95 3.13 69 0.49 0.39 222 0.45 0.32 996 0.21 0.17 213 1.88 1.54 398 0.61 0.53 597 0.06 0.00 647 0.34 0.31 812 0.08 0.07 901 0.28 0.25 1077 5.40 4.57 5 0.92 0.00 955 0.26 0.23

0.46 13.22 2.36 1.05 4.40 0.03 2.40 3.92 0.47 0.38 0.17 1.64 0.55 0.05 0.31 0.07 0.26 5.15 0.92 0.24

+ + + + + + + + + + -

27.8 26.0 21.0 20.7 20.5 20.0 19.4 18.8 17.5 17.2 17.1 13.2 9.8 9.1 8.8 6.7 5.5 4.5 4.2 4.0

Franco-Nevada Nutrien Teck Res Teck Res Newmont Corp Labrador IOR Pan Am Silver Cameco Corp First Quantum Largo Res Filo Mg Corp Silver Eleph Verde Potash Loncor Res Xtra-Gold Res Black Iron Star Diamond PolyMet Mng Treasury Metal Nighthawk Gold

FNV NTR TECK.A TECK.B NGT LIF PAAS CCO FM LGO FIL ELEF NPK LN XTG BKI DIAM POM TML NHK

2189 6245 18 9047 1153 2152 2731 11079 7964 653 1310 213 1077 398 5 996 647 8 111 116

WEEK CLOSE

CHANGE

180.94 97.21 49.10 46.44 81.25 44.24 30.39 28.36 35.85 13.22 14.12 1.64 5.15 0.55 0.92 0.17 0.31 3.26 0.71 0.69

+ 10.03 + 4.83 + 4.70 + 4.08 + 3.50 + 3.23 + 3.19 + 2.99 + 2.98 + 2.73 - 0.42 - 0.25 - 0.24 - 0.06 - 0.04 - 0.04 - 0.03 - 0.03 - 0.02 - 0.02

TSX VENTURE EXCHANGE / FEBRUARY 7-11, 2022 The S&P/TSX Venture Exchange rose 10.12 points or 1.16% to 868.77. Spot gold climbed US$17.60 per oz. or 0.96% to US$1,831.15 per ounce. Latin Metals climbed 42.9% to 15¢. On February 7, the company announced that a subsidiary of Barrick Gold had signed an option agreement to acquire up to an 85% interest in Latin Metal’s Cerro Bayo, Cerro Bayo Sur and La Flora properties in Argentina’s Santa Cruz province. The prospect generator’s properties are subject to an underlying option agreement Latin Metals signed in 2019 with the underlying vendor to earn a 100% stake in the three properties. To earn an initial 70% interest, Barrick must pay US$2.32 million in cash to the underlying vendor and US$750,000 in cash to Latin Metals. It must also spend US$5 million on exploration and prepare a preliminary economic assessment. To earn an additional 15% for a total of 85%, Barrick must pay another US$425,000 and “sole fund all costs” to deliver a prefeasibility study. CEO Keith Henderson stated in a press release that Barrick would be a good partner that can bring “considerable technical and financial capability” to the project. He also noted that if both options are exercised, Barrick’s total investment would

amount to about $8.5 million, “which will help to limit dilution to Latin Metals’ shareholders.” Three Valley Copper dropped 1¢ to close at 8¢ per share. On February 3, the company announced that it would temporarily halt the start of the block caving operation at its Papomono mine in Chile after a discussion with its senior secured lenders. The company wants Papomono to come into production responsibly, it said. The company had halted construction at Papomono on January 25, along with operations at its Minera Tres Valles complex, 3 km away from Papomono within the same mine complex, due to the consistent underperformance of its Don Gabriel open pit mine, the company’s primary source of ore. CEO Michael Staresinic said in an interview at the time that it might take three to TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold Fission 3.0 Three Valley Lithium Chile Azincourt Ener Blue River Res Stelmine Can Lithoquest Res Gold Finder Ex Minera Alamos

HIVE 21943 FUU 7485 TVC 7125 LITH 6659 AAZ 5932 BXR 5572 STH 5361 LDI 4846 VENZ 4313 MAI 4209

3.04 0.16 0.11 1.21 0.08 0.02 0.32 0.15 0.14 0.53

WEEK LOW CLOSE CHANGE

2.57 0.14 0.08 0.88 0.06 0.00 0.21 0.10 0.12 0.50

2.66 + 0.14 0.08 0.89 0.07 + 0.02unch 0.32 + 0.14 + 0.13 + 0.52 +

0.11 0.02 0.01 0.24 0.01 0.00 0.10 0.04 0.01 0.02

four months for operations to restart. “We are working with our lenders and our advisors to determine a strategy that is in the best interest of the project.” Solis Minerals jumped 50% to 24¢. On February 8, the company said that copper sulphides were observed during the logging of the first two holes (MODD001 and MODD002) of a diamond drill program at its Mostazal copper

project in Chile. Jason Cubitt, the company’s CEO, said in a press release that the drill program at Mostazal was off to a “fantastic start.” The first drills were designed to test the near surface manto-style mineralisation encountered in historic drilling, the company said. “Our logging has confirmed the presence of widespread alteration and disseminated copper sulphide mineralisation,” said Cubitt. TNM

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

Zena Mining Galway Gold Stone Gold Tintina Mines Gold State Res Westminster Rs Richmond Mnls Stelmine Can Thunderstruck Latin Metals Pac Booker Min Altan Nevada CaNickel Mng Millennium Sil Wealth Mnrls Resolve Vent Ophir Gold Bathurst Met RT Minerals Southstone Min

ZCC.H GLW STG TTS GOST SLMN RMD STH AWE LMS BKM ANE CML MSC WML ATOM OPHR BMV RTM SML

1 55 1217 270 803 2477 110 5361 1497 263 499 43 49 114 1780 1092 2169 48 2421 285

0.16 0.20 0.17 0.05 0.06 0.30 0.05 0.32 0.12 0.15 4.15 0.02 0.15 0.01 0.35 0.11 0.13 0.14 0.04 0.04

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.00 0.12 0.00 0.00 0.17 0.00 0.21 0.08 0.13 0.00 0.00 0.00 0.00 0.24 0.07 0.09 0.00 0.00 0.00

0.16 0.20 0.17 0.05 0.06 0.24 0.05 0.32 0.12 0.15 0.96 0.01 0.15 0.01 0.25 0.08 0.10 0.10 0.03 0.03

+ + + + + + + + + + -

60.0 60.0 50.0 50.0 50.0 50.0 50.0 46.5 43.8 42.9 74.1 50.0 35.6 33.3 29.6 28.6 26.9 25.9 25.0 25.0

VOLUME (000s)

Los Andes North Peak Res Nouveau Monde New Found Gold Great Bear Res Chesapeake Gld Arizona Metals Eloro Res Arbor Metals Artemis Gold Pac Booker Min Tanqueray Expl Rupert Res Integra Res Universal Vent Cypress Dev Lithium Chile Rock Tech Lith Emerita Res Frontier Lith

LA NPR NOU NFG GBR CKG AMC ELO ABR ARTG BKM IPA RUP ITR MCLD CYP LITH RCK EMO FL

WEEK CLOSE

30 15.15 459 3.04 248 9.49 783 8.05 1103 28.80 29 3.00 1561 5.60 387 3.73 61 2.81 561 6.31 499 0.96 181 6.70 358 5.50 1272 2.21 38 4.76 1582 1.60 6659 0.89 397 5.03 1736 2.56 1518 2.55

CHANGE

+ + + + + + + + + + -

2.05 0.70 0.51 0.45 0.44 0.39 0.35 0.30 0.30 0.30 2.74 0.55 0.39 0.31 0.28 0.24 0.24 0.22 0.19 0.19

U.S. MARKETS / FEBRUARY 7-11, 2022 The Dow Jones Industrial Average dropped 353.07 points or 1.01% to 34,738.06 and the S&P 500 fell 65.23 points or 1.47% to 4,418.64. Spot gold climbed US$17.60 per oz. or 0.96% to finish at US$1,831.15 per ounce. Shares of Peabody Energy jumped US$3.98 or 30% to US$17.02. Full-year 2021 revenues totaled US$3.32 billion, compared to US$2.88 billion in the prior year, primarily due to improved seaborne pricing in the second half of the year. Full-year 2021 income attributable to common shareholders totaled US$360.1 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at US$916.7 million compared to a loss attributable to common shareholders of US$1.87 billion and adjusted EBITDA of US$258.8 million in the prior year. For the full year, the company retired about US$420 million of senior secured debt, more than 26% of its debt outstanding at the start of the year. “Our diverse mine portfolio continues to benefit from strong market fundamentals driven by the vital necessity for coal to produce reliable energy and steel,” Peabody CEO Jim Grech said in a February 10 press release. Yamana Gold’s shares increased by 41¢ to 4.40. The company announced updated

reserve and resource estimates in support of its upcoming guidance on February 17. Yamana said it added 324,000 oz. of gold reserves at its Jacobina mine in Brazil, a 5% year-on-year increase above depletion. The company continued to grow its resources at the Odyssey project in Canada with 2.35 million oz. of indicated gold resources and 13.15 million oz. of inferred resources. The company’s El Peñón mine in Chile achieved a fourth consecutive year of adding mineral reserves in excess of depletion, with mineral reserves growing 23% to 1.3 million gold-equivalent oz. in 2021. El Peñón reserves added in 2021 were higher grade and increased the average gold and silver reserve grades by 3%, Yamana Gold said. Shares of Consol Energy climbed US$7.15 or U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE 196688 Cleveland-Clif* CLF 120123 Freeport McMoR* FCX 107242 United States S* X 95272 Kinross Gold* KGC 87290 Yamana Gold* AUY 85259 Barrick Gold* GOLD 84752 Chevron Corp* CVX 61766 Alcoa* AA 49920 Peabody Enrgy* BTU 46591

HIGH

WEEK LOW CLOSE CHANGE

18.15 16.69 17.54 + 21.53 18.71 18.92 + 45.56 38.19 42.80 + 24.96 21.89 23.68 + 5.79 5.41 5.71 + 4.46 4.01 4.40 + 20.87 19.20 20.68 + 139.44 134.83 138.81 + 74.50 63.02 73.52 + 17.10 12.46 17.02 +

0.99 0.05 4.38 1.48 0.31 0.41 1.49 2.93 9.30 3.98

29.4% to US$31.49. The company, which produces metallurgical and thermal coal, produced a total of 23.9 million tons of coal in 2021, up from 18.8 million tons in 2020. The company said continued transportation delays limited production in the fourth quarter and impacted full-year production tonnage. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the year reached US$378.2

million and the company reported free cash flow of US$186.4 million. The company also made payments of more than US$100 million toward its legacy debt outstanding. Looking ahead, the company said that it is “near fully-contracted” for 2022 and has entered into long-term coal supply agreements to multiple buyers for about seven million tons to be delivered through 2024, primarily in the industrial market. TNM U.S. GREATEST VALUE CHANGE

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

Peabody Enrgy* CONSOL Energy* Buenaventura* Mechel* Endeavr Silver* Alcoa* IAMGOLD* First Majestic* Cameco Corp* Freeport McMoR* NACCO Ind* Cleveland-Clif* Natural Res Pt* Pretium Res* Kirkland Lake* MartinMarietta* Chevron Corp* Black Hills* Intrepid Pots* Agnico Eagle*

BTU CEIX BVN MTL EXK AA IAG AG CCJ FCX NC CLF NRP PVG KL MLM CVX BKH IPI AEM

46591 17.10 3575 31.51 9918 9.18 1432 3.89 12647 4.04 49920 74.50 33419 2.92 21802 11.31 37557 23.81 107242 45.56 78 32.55 120123 21.53 158 39.61 2938 14.08 10399 39.52 3379399.51 61766139.44 2370 68.12 791 49.28 18039 50.42

VOLUME (000s)

WEEK LOW CLOSE CHANGE

12.46 17.02 24.00 31.49 7.63 9.10 3.14 3.62 3.51 4.00 63.02 73.52 2.54 2.88 10.01 11.19 19.35 22.25 38.19 42.80 30.20 30.60 18.71 18.92 36.82 38.13 13.50 13.92 38.30 38.92 365.45 379.13 134.83 138.81 65.40 66.66 42.70 45.75 46.85 49.74

+ + + + + + + + + + + + + + + + + + +

30.5 29.4 18.8 16.8 15.3 14.5 13.8 13.3 11.9 11.4 2.4 0.3 1.2 1.6 1.9 1.9 2.2 2.6 3.2 3.2

Alcoa* AA Arch Resources* ARCH Franco-Nevada* FNV CONSOL Energy* CEIX MartinMarietta* MLM Freeport McMoR* FCX Peabody Enrgy* BTU Southern Copp* SCCO Rio Tinto* RIO Nutrien* NTR NACCO Ind* NC McEwen Mng* MUX Cleveland-Clif* CLF Pretium Res* PVG Harmony Gold* HMY Gatos Silver* GATO Kinross Gold* KGC Fortuna Silvr* FSM IAMGOLD* IAG Nouveau Monde* NMG

49920 3221 2984 3575 3379 107242 46591 6339 24307 14629 78 7508 120123 2938 25578 8118 87290 21838 33419 329

WEEK CLOSE

73.52 114.23 142.03 31.49 379.13 42.80 17.02 67.17 77.79 76.28 30.60 0.89 18.92 13.92 3.83 3.36 5.71 3.59 2.88 7.42

CHANGE

+ + + + + + + + + + + + + + + + + + +

9.30 9.23 8.06 7.15 7.08 4.38 3.98 3.96 3.90 3.87 0.76 0.04 0.05 0.22 0.22 0.25 0.31 0.35 0.35 0.39

GLOBAL MINING NEWS

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

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 February 10 2022 (change from February 3 2022 in brackets): Aluminium Alloy 2100 (0) Aluminium 880975 (+99,075) Copper 76325 (-6075) Lead 51950 (-475) Nickel 84720 (-3462) Tin 2410 (-65) Zinc 152200 (-2000)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$89.70 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$23.90 Cobalt: US$31.96/lb. Copper: US$4.55/lb. Copper: CME Group Futures March 2022: US$4.53/lb.; April 2022: US$4.53/lb. Iridium: NY Dealer Mid-mkt US$3,900/tr oz. Iron Ore 62% Fe CFR China-S: US$149.40 Lead: US$1.04/lb. Rhodium: Mid-mkt US$18,350/tr. oz. Ruthenium: Mid-mkt US$525.00 per oz. Silver: Handy & Harman Base: US$23.79 per oz.; Handy & Harman Fabricated: US$29.73 per oz. Tin: US$20.05/lb. Uranium: U3O8, Trade Tech spot price: US$42.95 per lb. U308 Zinc: US$1.67 per lb. Prices current February 15, 2022

TSX SHORT POSITIONS Short positions outstanding as of January 31, 2022 (with changes from January 15, 2022) Largest short positions Suncor Energy SU 18128381 -89086 Denison Mines DML 17139008 10450943 Argonaut Gold AR 16677907 295569 Ivanhoe Mines IVN 16001527 -667199 Kinross Gold K 14054373 916591 Barrick Gold ABX 13823809 882141 Fortuna Silvr FVI 10385459 -147149 B2Gold Corp BTO 10004544 2960167 Lundin Mng LUN 9414676 -1240513 Wheaton Prec WPM 8833321 574453 Nexgen Energy NXE 8655177 1313535 Fission Uran FCU 8473272 418606 New Gold NGD 8326250 -3376104 First Quantum FM 8031996 -3452124 IAMGOLD IMG 7593590 -1252801 Largest increase in short position Denison Mines DML 17139008 10450943 Nutrien NTR 6281682 2966677 B2Gold Corp BTO 10004544 2960167 Nexgen Energy NXE 8655177 1313535 Ascot Res AOT 1772333 1128484 Largest decrease in short position Silver Eleph ELEF 569688 -4191651 First Quantum FM 8031996 -3452124 New Gold NGD 8326250 -3376104 Talon Metals TLO 209582 -2956816 Calibre Mng CXB 4622978 -2056585

TSX VENTURE SHORT POSITIONS Short positions outstanding as of January 31, 2022 (with changes from January 15, 2022) Largest short positions Fission 3.0 FUU 7490006 4498321 GoviEx Uranium GXU 3729674 1554564 Leeta Gold HIVE 3645094 -1256929 American Lith LI 3595729 -427335 Pure Gold Mg PGM 3160436 2897312 Noront Res NOT 3009323 1409391 QC Copper QCCU 2559482 241061 Cypress Dev CYP 2309588 339906 Emerita Res EMO 2200107 701247 Azincourt Ener AAZ 1697324 -2670171 EnCore Energy EU 1604766 57780 Skyharbour Res SYH 1385500 1137010 Three Valley TVC 1227327 -122690 Uragold Bay Rs HPQ 1219211 -84604 Great Bear Res GBR 1107036 164517 Largest increase in short position Fission 3.0 FUU 7490006 4498321 Pure Gold Mg PGM 3160436 2897312 GoviEx Uranium GXU 3729674 1554564 Noront Res NOT 3009323 1409391 Skyharbour Res SYH 1385500 1137010 Largest decrease in short position Arena Min AN 697060 -3867398 Azincourt Ener AAZ 1697324 -2670171 Galleon Gold GGO 94106 -2554098 Purepoint Uran PTU 234300 -1517643 Leeta Gold HIVE 3645094 -1256929

1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022 1/15/2022

DAILY METAL PRICES Date Feb 11 Feb 10 Feb 9 Feb 8 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2590/2600 2580/2590 2580/2590 2580/2590 Aluminum 3199.5/3179 3312/3286 3246/3244.5 3244/3194.5 Copper 10039/9995 10219.5/10180 9880/9839 9755/9716 Lead 2288/2278 2298/2283 2232/2222 2202/2190 Nickel 23700/23370 24050/23600 23540/23100 23525/23100 Tin 44185/43790 44440/44250 43375/43240 43350/43000 Zinc 3672/3673 3737/3728 3633/3627.5 3652/3640 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1826.25 1832.30 1828.10 Gold PM 1831.15 1835.35 1827.80 Silver 22.90 23.36 23.25 Platinum 1023 1027 1030 Palladium 2224 2292 2267

Feb 7 2530/2540 3147.5/3110.5 9849/9814 2198/2193 23625/23200 43200/42850 3622/3614

1821 1822.60 22.86 1029 2261

1811.15 1813.55 22.86 1015 2230

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

Feb 11 1.2736 0.7852

Feb 10 1.2733 0.7853

Feb 09 1.2677 0.7889

Feb 08 1.2707 0.7870

Exchange rates (Quote Media, February 11, 2022) C$ to AUS C$ to EURO C$ to YEN 1.0995 0.6919 90.5531 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5791 4.9903 59.1725 US to AUS US to EURO US to YEN 1.4013 0.8811 115.5970 US to UK Pound US to China Yuan US to India Rupee 0.7375 6.3546 75.6431

Feb 07 1.2666 0.7895

C$ to Mex Peso 16.1327 C$ to Swiss Franc 0.7262 US to Mex Peso 20.5422 US to Swiss Franc 0.9260

C$ to SA Rand 11.9466 C$ to S. Korea Won 941.4652 US to SA Rand 15.2149 US to S. Korea Won 1199.8000

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

Feb 11 ($) 24.53 72.22 66.42 55.62 14.36 13.44 26.11 28.09 15.41 18.74 18.56 8.59 53.71 65.47 55.37 47.54

Feb 04 ($) 23.04 66.89 61.24 52.69 13.49 12.79 24.80 26.46 14.55 17.64 17.43 7.93 50.81 61.20 52.01 44.71

Change ($) 1.49 5.33 5.19 2.93 0.88 0.65 1.30 1.64 0.99 1.10 1.13 0.66 2.90 4.26 3.36 2.83

Change (%) 6.49 7.96 8.47 5.55 6.50 5.07 5.25 6.19 6.84 6.22 6.49 8.26 5.70 6.97 6.46 6.33

YTDChange (%) -5.27 -5.13 -5.47 -7.34 -5.94 -7.18 -7.70 -5.43 -6.78 -3.78 -6.27 -8.79 -7.55 -6.85 -5.48 -5.25

MER (%) 2.40 0.55 0.55 2.31 2.29 2.67 0.68 0.81 2.63 0.61 2.46 3.24 3.19 2.52 2.09 2.26

TotalAssets (M$) 51.00 51.08 72.82 321.06 55.82 573.01 5.54 20.36 1195.64 25.55

57.98 385.18 120.37

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.

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. Aurania Resources Ltd. (ARU.WT.B) - One warrant to purchase one common share at $2.20 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. Cascadero Copper Corporation (CCD.RT) One right and $0.015 are required to purchase one 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 common 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. Giyani Metals Corp. (EMM.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

TSX VENTURE WARRANTS

52-week

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

moliveira@ northernminer.com or 416-510-6768

Feb 11 21548.84 868.77 1307.77 299.63 248.19

Feb 10 21531.72 872.88 1307.14 282.66 248.19

Feb 09 21604.19 875.00 1311.03 290.97 248.19

Feb 08 21377.18 858.95 1299.55 293.35 248.19

Feb 07 21235.50 858.65 1291.31 289.01 248.19

High 21796.16 1113.64 1321.99 341.30 324.94

Low 17929.99 802.71 1067.73 257.81 229.83

NEW 52-WEEK HIGHS AND LOWS FEBRUARY 7-11, 2022 49 New Highs Alcoa* Alien Metals* Altius Mnrls Altius Mnrls * American Rare* Amerigo Res Amerigo Res* Angkor Gold* Angkor Res Anglo American* Arbor Metals Arch Resources* Atalaya Mining Atlas Salt Benjamin Hill

Chevron Corp* CMX Gold & Sil Copperbank Res Dolly Vard Sil First Quantum Four Nines GFG Resources Glencore Plc* Josemaria Res Karora Res* Lithium Chile Lithium Chile* Lithoquest Res* Los Andes Los Andes* Majestic Gold

Metals X* Mosaic* Nutrien* Questex Gold* Rise Gold Corp* Rugby Mng Snowline Gold South32* Teck Res Teck Res* Titanium Corp Triple Flag Turquoise HIl Ultra Resource Ultra Resource* Val-d’Or Mg

Vulcan Mnrls York Harbour 42 New Lows 79 Resources Adventus Alexandra Cap* All American* American Creek Aris Gold Aurcana Silver* BMEX Gold* Canada Rare Cdn Manganese Chakana Copper* Excellon Res Excellon Res*

Fort St James* Fosterville Giga Metals* Gold Std Vents Gold Std Vents* GoldHaven Res* Goldsource Min Hemcare Health* Integra Res Integra Res* K9 Gold* Leocor Gold* Li-Metal Loncor Res Magna Gold Minera Alamos *

Newcore Gold PPX Mining Precipitate Gl* Sable Res Sable Res* Secova Metals Signature Res* Silver One* Silver X Sonoro Gold* Tier One Silv Wallbridge Mng Wallbridge Mng*

Re-Publishing License Contact:

warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. 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

GLOBAL MINING NEWS · SINCE 1915

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

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

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

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: FEBRUARY 7–11, 2022 (100s) Stock

WWW.NORTHERNMINER.COM

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

Exc Volume

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Low

Last

12-month Change

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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 ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res AEX Gold African Gold* African Gold African Metals African Rainbo* Aftermath Silv* Agnico Eagle* Agnico Eagle Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Akwaaba Mining Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alerio Gold Alexandra Cap* Alexco Res* Alexco Res Alianza Min* Alianza Min Alien Metals* All American* 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 Copper 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 Hill Antofagasta* Apex Res * Apex Res Apogee Min Apollo Silver Apollo Silver* Appia Rare* Appia Rare Applied Min* Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res

C 115 V 1074 O 127 V 198 C 2 C 48 C 67 O 70 V 671 O 804 V 352 V 128 O 48 O 185 V 249 V 3138 O 1516 V 2 C 572 V 118 O 168 V 10 V 239 C 69 V 948 O 418 V 313 V 72 O 65 V 1025 V 12 O 3 O 640 N 18039 T 20394 O 5 V 60 O 10 C 233 V 723 T 5755 N 17046 N 49920 O 66 V 73 C 88 O 402 X 3827 T 1229 O 78 V 335 O 6555 O 176266 V 357 O 259 V 20 D 1639 V 161 O 40 C 14 X 2863 T 69 O 68 V 134 O 142 T 301 O 47 V 36 C 856 V 1445 O 609 O 1238 V 2518 V 100 O 41 O 0 V 254 V 1075 O 771 O 223 V 318 V 43 V 44 V 361 O 103 O 313 T 1118 V 879 O 554 O 269 V 51 V 8 O 13 O 96 V 796 O 216 V 1 O 444135 V 213 O 55 V 1885 O 77 O 142 O 252 V 731 O 732 V 3398 V 300 O 1692 V 3239 O 927 V 635 C 990 O 35 O 1 X 4273 T 1590 T 1552 O 743 O 3750 C 1180 V 392 O 281 O 377 C 174 V 38 V 0 O 303 T 1566 V 311 V 505 O 20 O 2212 V 3884 O 33 V 20 O 143 V 515 O 9 O 1216 T 203 O 26 N 13548 V 794 O 24 O 22 V 29 O 364 V 707 V 89 V 0 O 11 O 1 V 209 V 0 V 740 O 222 O 323 C 372 O 2538 V 61 N 3221 C 8 V 3 V 0

0.06 0.09 0.27 0.35 0.00 0.08 0.10 0.05 0.05 0.06 0.07 0.10 0.08 0.05 0.06 0.39 0.31 0.37 1.20 0.07 0.05 0.02 0.07 0.92 0.82 0.66 0.05 0.55 0.11 0.15 0.09 15.75 0.31 50.42 64.20 0.28 0.34 0.15 0.45 0.02 9.25 7.26 74.50 0.82 1.03 0.25 0.20 1.57 2.00 0.06 0.08 0.03 0.00 0.34 0.27 0.26 13.96 0.24 0.19 0.05 0.39 0.49 0.24 0.32 0.80 0.99 0.04 0.06 1.05 1.14 0.65 0.88 1.12 0.12 0.10 0.00 0.10 0.36 0.29 0.17 0.22 0.02 0.12 0.35 0.27 16.62 21.04 0.30 0.23 0.04 0.02 0.97 0.90 6.06 0.08 0.06 0.06 0.00 0.13 0.11 0.42 0.33 0.02 0.14 0.18 0.04 0.05 0.12 3.20 3.86 0.74 0.89 1.05 0.36 0.05 0.93 1.19 1.79 1.40 0.98 1.15 3.12 2.45 0.46 0.56 0.06 0.00 0.72 0.94 1.45 1.94 1.47 0.08 0.10 0.01 0.23 0.13 0.17 49.77 24.72 2.78 19.95 20.91 0.14 0.11 0.79 0.99 0.03 0.04 0.14 0.00 19.29 0.05 0.06 0.00 0.68 0.53 0.47 0.59 0.01 2.85 115.68 0.58 0.29 0.00

0.05 0.08 0.24 0.31 0.00 0.08 0.10 0.00 0.05 0.05 0.00 0.00 0.07 0.03 0.05 0.35 0.27 0.00 1.05 0.00 0.05 0.00 0.06 0.00 0.75 0.60 0.00 0.51 0.10 0.13 0.00 14.75 0.26 46.85 59.58 0.24 0.00 0.10 0.30 0.00 8.51 6.69 63.02 0.75 0.96 0.20 0.15 1.41 1.80 0.05 0.07 0.01 0.00 0.31 0.24 0.00 13.09 0.21 0.12 0.00 0.30 0.39 0.22 0.29 0.71 0.92 0.04 0.00 0.81 1.00 0.52 0.83 1.05 0.00 0.10 0.00 0.00 0.32 0.25 0.15 0.19 0.00 0.00 0.29 0.22 14.51 18.39 0.24 0.19 0.01 0.00 0.00 0.73 5.50 0.07 0.05 0.00 0.00 0.00 0.09 0.41 0.32 0.01 0.13 0.16 0.03 0.00 0.11 2.58 3.32 0.62 0.81 0.94 0.27 0.00 0.84 1.07 1.60 1.26 0.69 0.88 2.83 2.25 0.39 0.51 0.00 0.00 0.59 0.76 1.17 1.71 0.00 0.06 0.09 0.01 0.00 0.09 0.12 46.45 22.92 2.31 19.20 18.77 0.13 0.10 0.74 0.94 0.02 0.00 0.00 0.00 16.80 0.05 0.06 0.00 0.60 0.46 0.37 0.49 0.01 2.50 102.26 0.40 0.00 0.00

0.05 unch 0.09 + 0.27 + 0.35 + 0.04 unch 0.08 0.10 unch 0.04 0.05 unch 0.05 0.07 0.10 unch 0.07 + 0.04 0.06 + 0.38 + 0.29 + 0.37 unch 1.20 + 0.06 0.05 + 0.02 unch 0.06 + 0.80 0.82 + 0.64 + 0.05 + 0.52 0.10 + 0.14 + 0.09 unch 15.45 0.30 + 49.74 + 63.46 + 0.24 + 0.29 + 0.12 0.31 + 0.02 unch 9.19 + 7.20 + 73.52 + 0.75 0.96 0.24 + 0.17 + 1.54 + 1.96 + 0.06 + 0.08 unch 0.01 0.00 0.33 0.26 0.25 unch 13.61 + 0.22 0.18 0.05 unch 0.36 + 0.47 + 0.23 0.31 + 0.72 + 0.92 unch 0.04 unch 0.06 unch 0.95 1.05 + 0.62 + 0.84 1.07 0.12 unch 0.10 unch 0.06 unch 0.10 0.34 + 0.27 + 0.17 + 0.22 + 0.01 0.12 unch 0.31 + 0.24 + 16.35 + 20.86 + 0.27 + 0.21 + 0.02 + 0.02 unch 0.95 + 0.90 + 5.74 + 0.07 0.05 0.06 unch 0.00 unch 0.13 + 0.09 + 0.42 0.32 0.01 0.14 + 0.17 + 0.04 + 0.04 unch 0.12 2.81 + 3.62 + 0.65 0.84 0.97 + 0.36 + 0.05 unch 0.93 + 1.18 + 1.63 + 1.28 + 0.74 0.94 3.05 + 2.41 + 0.41 0.52 0.06 0.12 unch 0.67 + 0.86 + 1.39 + 1.78 1.47 + 0.07 0.09 0.01 unch 0.21 0.11 + 0.14 + 49.24 + 24.02 + 2.55 + 19.20 unch 20.51 + 0.14 + 0.10 0.74 0.95 + 0.03 0.03 0.14 0.18 unch 19.29 + 0.05 unch 0.06 unch 0.11 unch 0.68 + 0.52 + 0.45 + 0.57 + 0.01 2.81 + 114.23 + 0.40 0.29 + 0.16 unch

0.00 0.01 0.02 0.03 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.02 0.00 0.15 0.01 0.00 0.00 0.01 0.09 0.04 0.03 0.01 0.02 0.01 0.01 0.00 0.30 0.03 1.54 2.00 0.00 0.01 0.02 0.07 0.00 0.73 0.57 9.30 0.05 0.07 0.04 0.01 0.15 0.20 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.15 0.01 0.01 0.00 0.04 0.07 0.01 0.02 0.01 0.00 0.00 0.00 0.08 0.03 0.12 0.04 0.05 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.00 1.88 2.36 0.02 0.02 0.00 0.00 0.02 0.17 0.25 0.01 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.09 0.12 0.02 0.02 0.04 0.10 0.00 0.08 0.09 0.05 0.02 0.16 0.20 0.17 0.14 0.01 0.01 0.01 0.00 0.07 0.09 0.19 0.04 0.03 0.00 0.01 0.00 0.03 0.01 0.02 4.30 1.23 0.25 0.00 1.63 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.00 2.79 0.00 0.00 0.00 0.06 0.03 0.06 0.07 0.00 0.30 9.23 0.02 0.08 0.00

0.15 0.11 0.59 0.72 0.23 0.25 0.16 0.11 0.11 0.18 0.24 0.17 0.15 0.07 0.09 0.82 0.68 3.00 1.34 0.12 0.10 0.04 0.14 2.09 1.28 1.06 0.40 0.65 0.24 0.20 0.15 18.00 1.11 74.50 93.16 1.00 0.48 0.79 0.45 0.04 11.33 9.38 73.72 0.88 1.13 0.49 1.45 3.34 4.01 0.13 0.17 0.03 0.02 0.56 0.46 1.15 15.03 0.68 0.44 0.23 1.02 1.27 0.27 0.33 1.07 1.30 0.13 0.08 1.09 1.69 0.65 0.92 1.14 0.17 0.11 0.13 0.19 0.80 0.79 0.42 0.47 0.05 0.22 0.50 0.36 16.62 21.04 0.43 0.37 0.11 0.05 1.66 1.29 6.99 0.15 0.12 0.10 0.01 0.20 0.16 0.43 0.35 0.08 0.35 0.44 0.08 0.10 0.40 5.00 6.25 2.25 2.86 1.40 0.36 0.29 2.92 3.66 1.79 1.40 1.37 1.74 3.35 2.68 1.90 2.15 0.12 0.15 0.85 1.05 2.50 2.30 1.83 0.18 0.23 0.35 0.40 0.13 0.17 49.77 24.75 2.90 23.90 26.77 0.48 0.34 1.25 1.28 0.05 0.06 0.29 0.18 27.80 0.13 0.09 0.14 1.15 1.00 1.00 1.22 0.11 2.84 113.74 1.25 0.36 0.38

0.05 0.05 0.21 0.26 0.04 0.08 0.08 0.03 0.04 0.04 0.06 0.08 0.05 0.03 0.04 0.32 0.25 0.37 0.31 0.05 0.04 0.01 0.05 0.15 0.75 0.60 0.04 0.44 0.01 0.11 0.06 12.98 0.25 45.42 58.02 0.12 0.15 0.10 0.16 0.01 8.30 6.51 20.96 0.36 0.46 0.18 0.15 1.34 1.70 0.05 0.07 0.01 0.00 0.23 0.18 0.20 5.33 0.19 0.12 0.04 0.27 0.34 0.14 0.20 0.58 0.75 0.01 0.04 0.10 0.45 0.25 0.36 0.46 0.06 0.05 0.02 0.03 0.20 0.17 0.13 0.17 0.01 0.09 0.23 0.18 10.38 13.48 0.11 0.10 0.00 0.02 0.80 0.50 4.44 0.05 0.04 0.04 0.00 0.06 0.04 0.20 0.16 0.00 0.12 0.16 0.03 0.04 0.10 1.20 1.50 0.37 0.47 0.13 0.02 0.01 0.68 0.85 0.80 0.63 0.53 0.40 2.07 1.65 0.30 0.38 0.04 0.11 0.39 0.50 1.07 0.92 0.77 0.06 0.08 0.10 0.15 0.04 0.05 33.55 16.75 2.00 15.39 14.57 0.13 0.10 0.53 0.62 0.02 0.03 0.09 0.18 16.50 0.01 0.04 0.09 0.38 0.33 0.33 0.42 0.01 1.70 39.02 0.08 0.19 0.06

(100s) Stock

Exc Volume

Week Low

0.05 0.05 unch 0.00 0.06 0.15 0.15 unch 0.05 0.05 + 0.06 0.07 unch 0.00 0.04 unch 0.00 0.10 + 0.08 0.08 unch 0.29 0.29 0.37 0.38 0.32 0.33 0.40 0.43 + 0.12 0.12 unch 0.00 0.15 0.00 0.09 unch 0.07 0.07 1.60 1.91 + 2.16 2.44 + 0.49 0.49 0.38 0.40 1.21 1.30 unch 0.04 0.05 + 0.06 0.06 unch 5.19 5.60 + 4.10 4.45 + 0.26 0.27 0.34 0.35 0.00 0.56 4.92 4.95 + 6.05 6.31 + 1.00 1.08 1.34 1.35 0.00 0.62 unch 0.00 0.15 unch 0.00 0.22 unch 1.01 1.11 + 0.79 0.87 + 0.00 0.20 unch 0.10 0.10 unch 0.04 0.05 + 0.05 0.06 unch 0.08 0.11 + 0.11 0.14 + 0.00 0.34 + 0.01 0.01 + 7.42 8.10 + 0.27 0.28 0.35 0.40 + 0.00 0.10 + 0.00 0.12 0.31 0.32 + 0.39 0.41 + 1.71 1.86 1.26 1.35 0.00 0.17 0.72 0.81 + 0.89 1.04 + 11.78 12.45 + 0.00 9.66 + 0.64 0.71 + 0.82 0.89 + 0.31 0.34 + 0.23 0.26 + 0.00 0.20 0.18 0.18 unch 0.28 0.28 0.22 0.22 1.03 1.09 0.76 0.84 0.00 0.06 unch 0.10 0.10 0.82 0.82 0.08 0.16 + 0.13 0.13 0.00 0.07 unch 0.00 0.07 0.00 0.08 unch 0.90 0.91 1.07 1.10 0.09 0.10 + 0.12 0.13 + 0.03 0.03 + 0.01 0.01 unch 0.00 0.06 + 0.07 0.08 + 0.71 0.77 + 0.91 0.99 + 0.00 0.09 + 0.00 0.06 0.00 0.20 + 0.00 0.06 6.50 7.33 + 0.00 0.03 0.04 0.04 1.10 1.11 1.38 1.43 0.05 0.05 + 0.06 0.07 + 0.00 0.25 + 0.18 0.18 + 0.00 0.10 + 0.00 0.07 +

ArcPacific Res* ArcPacific Res Arctic Fox Ven Arctic Star* Arctic Star Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Argentina Lith* Argentina Lith Argentum Silvr* 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 * AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Cop Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Gold* Athena Atico Mining* Atico Mining Atlas Salt Atlas Salt* 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 Avarone Metals* Avenira Ltd* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azimut Explor* Azimut Explor Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azucar Min Azucar Min*

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

15 128 75 6 299 0 57 10 1524 2606 473 283 24 24 83 15 466 4170 1275 1114 398 884 2457 1561 952 270 526 15 99 561 25 201 0 0 1 1080 870 0 49 74 556 656 2020 14 2107 9 25 596 416 47 57 73 2515 35 195 20 179 141 1 156 174 718 1121 141 10 132 76 478 172 0 166 8 50 53 0 64 193 56 318 460 1547 12 165 911 1742 1831 314 184 21 85 121 23 47 519 53 136 665 5932 15 9 123 84

0.05 0.06 0.16 0.05 0.07 0.00 0.10 0.08 0.34 0.42 0.37 0.45 0.13 0.16 0.10 0.08 1.94 2.46 0.57 0.46 1.30 0.05 0.06 6.07 4.77 0.29 0.36 0.60 5.25 6.66 1.12 1.40 0.00 0.00 0.22 1.12 0.88 0.00 0.10 0.06 0.06 0.12 0.16 0.35 0.01 8.10 0.29 0.40 0.11 0.12 0.32 0.42 1.98 1.60 0.17 0.82 1.10 12.70 9.94 0.71 0.91 0.34 0.27 0.23 0.18 0.30 0.25 1.14 0.92 0.00 0.11 0.85 0.18 0.16 0.00 0.07 0.08 0.98 1.25 0.11 0.14 0.03 0.01 0.06 0.08 0.78 0.99 0.09 0.06 0.21 0.06 7.33 0.04 0.05 1.15 1.49 0.06 0.08 0.25 0.20 0.10 0.07

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 Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron

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

24012 43334 96 165 20 1437 868 4239 746 55 41 130 700 317 24170 84752 12 445 677 64 819 1357 404 4 20 48 42 140 409 702 1 324 1077 0 532 186 0 1126 408 340 2377 1338 375 553 1228 121 236 80 1154 549 27 274 259 51 140 101 42 127 110 84 2370 229 996

5.06 3.97 0.17 0.09 0.09 0.10 0.08 0.17 0.36 0.27 0.23 0.31 0.43 0.34 26.59 20.87 0.39 0.50 0.10 0.08 0.60 0.74 0.83 0.08 0.06 0.14 0.11 0.41 0.09 0.11 0.30 0.20 0.25 0.00 1.16 0.90 0.00 0.32 0.25 0.11 0.52 0.41 0.08 0.64 0.50 0.18 0.23 0.92 1.19 0.62 0.46 0.16 0.20 0.49 0.63 0.07 0.07 0.17 0.07 0.09 68.12 0.16 0.21

Last

12-month

High

Change

Stock

0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.03 0.03 0.01 0.01 0.00 0.02 0.00 0.00 0.20 0.27 0.09 0.04 0.00 0.00 0.00 0.35 0.31 0.00 0.01 0.02 0.24 0.30 0.03 0.05 0.00 0.00 0.00 0.09 0.08 0.00 0.00 0.00 0.00 0.03 0.03 0.01 0.00 0.50 0.01 0.05 0.00 0.03 0.01 0.02 0.02 0.10 0.01 0.11 0.14 0.24 0.12 0.08 0.07 0.03 0.01 0.04 0.00 0.02 0.02 0.05 0.05 0.00 0.01 0.03 0.05 0.01 0.00 0.00 0.00 0.08 0.14 0.00 0.01 0.00 0.00 0.01 0.01 0.06 0.09 0.01 0.00 0.02 0.01 0.89 0.01 0.01 0.07 0.06 0.00 0.01 0.01 0.00 0.02 0.00

0.52 0.25 0.16 0.24 0.29 0.04 0.12 0.11 0.52 0.66 0.77 0.96 0.21 0.31 0.26 0.19 3.23 4.09 0.66 0.53 3.18 0.12 0.15 6.44 5.22 0.30 0.36 0.72 6.21 7.88 1.20 1.50 0.80 0.55 0.34 1.41 1.33 0.25 0.10 0.06 0.09 0.16 0.20 0.65 0.05 8.10 0.32 0.40 0.21 0.30 0.65 0.78 1.98 1.87 0.29 2.52 3.48 17.50 14.31 2.95 3.70 1.10 0.91 0.39 0.28 0.80 0.51 1.36 1.09 0.10 0.22 1.05 0.48 0.27 0.10 0.30 0.22 1.68 1.85 0.25 0.36 0.05 0.01 0.40 0.23 1.66 2.09 0.13 0.15 0.88 0.08 9.44 0.12 0.17 1.98 2.49 0.14 0.18 0.41 0.32 0.17 0.14

0.04 0.04 0.14 0.04 0.05 0.03 0.06 0.05 0.08 0.10 0.08 0.10 0.12 0.14 0.08 0.07 1.50 1.90 0.24 0.18 1.21 0.04 0.05 1.06 0.87 0.13 0.17 0.55 3.40 4.86 0.06 0.09 0.50 0.12 0.14 0.84 0.67 0.13 0.00 0.03 0.04 0.07 0.09 0.32 0.01 4.71 0.12 0.15 0.06 0.10 0.27 0.37 0.27 0.48 0.16 0.71 0.89 9.01 7.13 0.54 0.69 0.31 0.23 0.11 0.09 0.21 0.17 0.65 0.43 0.03 0.08 0.35 0.01 0.12 0.06 0.05 0.07 0.00 0.35 0.07 0.09 0.02 0.00 0.06 0.07 0.70 0.89 0.06 0.05 0.18 0.05 3.24 0.03 0.04 0.69 0.89 0.04 0.04 0.22 0.16 0.07 0.06

Black Mammoth* Black Mammoth Black Mountain Black Mountain* 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* Brixton Metals* Brixton Metals Brookmount Exp* Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal Buffalo Coal * Bullet Explor Bullion Gold* Bunker Hill Burrell Res Bushveld Min* BWR Explor

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

0.46 0.36 0.02 0.01 0.01 0.01 0.00 0.01 0.03 0.00 0.00 0.03 0.01 0.08 1.92 1.49 0.04 0.05 0.00 0.00 0.03 0.02 0.02 0.01 0.00 0.04 0.02 0.06 0.00 0.00 0.05 0.04 0.06 0.00 0.06 0.05 0.00 0.01 0.01 0.01 0.06 0.03 0.01 0.04 0.04 0.09 0.01 0.12 0.14 0.10 0.12 0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.01 1.70 0.02 0.04

6.63 5.37 0.20 0.16 0.44 0.71 1.12 0.33 0.38 0.35 0.57 0.70 0.45 0.49 30.65 25.37 0.66 0.82 0.17 0.13 1.23 1.54 1.08 0.15 0.12 0.26 0.12 0.90 0.25 0.26 0.40 0.25 0.30 0.20 2.89 2.37 0.37 0.44 0.35 0.44 0.63 0.47 0.11 1.00 0.80 0.39 0.50 1.36 1.64 0.61 0.50 0.37 0.25 0.93 1.19 0.15 0.09 0.26 0.19 0.25 72.78 0.62 0.76

4.21 3.30 0.13 0.04 0.09 0.09 0.06 0.09 0.17 0.10 0.22 0.26 0.16 0.12 22.30 17.27 0.28 0.35 0.06 0.05 0.32 0.40 0.56 0.06 0.04 0.09 0.08 0.33 0.06 0.09 0.06 0.04 0.07 0.20 0.92 0.74 0.22 0.14 0.11 0.09 0.11 0.09 0.05 0.39 0.32 0.10 0.20 0.71 0.90 0.31 0.24 0.07 0.14 0.41 0.52 0.01 0.05 0.11 0.04 0.06 58.43 0.10 0.13

C2C Gold* C3 Metals Cabral Gold* Cabral Gold Cache Explor* 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 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* Capricorn Met* Capstone Mng Cardero Res Cardero Res* Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps Cdn Manganese CDN Maverick* Cdn Palladium Cdn Palladium* Centamin Centerra Gold Central Afric Central Asia* Central Iron Centurion Mnls Century Cobalt* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande Cerro Mng Ceylon Graph* Ceylon Graph

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

B 4.58 5.02 + 3.59 3.93 + 0.13 0.13 0.00 0.08 0.00 0.09 0.09 0.10 0.07 0.07 0.15 0.16 + 0.33 0.36 + 0.26 0.27 + 0.22 0.22 0.28 0.31 + 0.37 0.40 0.30 0.30 24.39 26.38 + 19.20 20.68 + 0.34 0.38 + 0.00 0.48 + 0.10 0.10 unch 0.07 0.08 0.47 0.53 + 0.60 0.66 + 0.68 0.71 0.00 0.08 + 0.06 0.06 0.00 0.10 0.09 0.09 0.35 0.36 0.07 0.09 + 0.10 0.11 unch 0.00 0.30 + 0.15 0.18 + 0.18 0.24 + 0.00 0.20 unch 1.06 1.06 0.79 0.83 0.00 0.22 unch 0.29 0.31 0.23 0.23 0.09 0.09 0.40 0.48 + 0.32 0.36 + 0.00 0.08 + 0.55 0.62 + 0.42 0.49 + 0.10 0.10 0.20 0.23 + 0.83 0.92 + 1.06 1.17 + 0.48 0.62 + 0.39 0.44 + 0.14 0.16 + 0.00 0.20 + 0.00 0.47 0.00 0.61 0.00 0.05 0.00 0.07 + 0.14 0.17 unch 0.07 0.07 + 0.00 0.09 65.40 66.66 + 0.14 0.14 0.17 0.17 -

(100s)

High Low

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

0 0 454 384 1010 2 1662 2101 92 15 11 639 1695 347 380 5572 2724 464 1036 80 202 3 190 226 589 64 74 209 0 16 8 17 2583 77 1073 453 127 14144 1 56 15 41 22 952 229 28 54869 31 156 783 537 650 154 17 77 31 374 9918 237 103 39 42 57 15 116 13

0.00 0.00 0.48 0.39 0.03 0.02 0.95 0.75 0.63 0.42 0.06 0.40 0.52 0.05 0.06 0.02 0.01 0.18 0.24 0.40 0.03 0.05 0.06 0.12 1.98 1.55 0.13 0.08 0.07 0.09 0.18 0.23 0.01 0.04 1.40 0.14 0.12 0.00 0.03 0.04 0.56 0.06 0.04 0.08 0.06 0.06 0.01 0.04 0.04 0.07 0.13 0.17 0.16 0.15 0.03 0.08 0.11 9.18 0.02 0.02 0.07 0.09 0.34 0.21 0.15 0.03

0.00 0.00 0.44 0.34 0.03 0.02 0.81 0.64 0.54 0.42 0.00 0.30 0.38 0.00 0.05 0.00 0.01 0.14 0.19 0.35 0.00 0.00 0.00 0.11 1.80 1.41 0.00 0.00 0.07 0.00 0.17 0.20 0.00 0.04 1.29 0.12 0.10 0.00 0.03 0.00 0.46 0.00 0.03 0.07 0.05 0.04 0.01 0.03 0.00 0.06 0.12 0.15 0.10 0.00 0.00 0.08 0.00 7.63 0.00 0.02 0.00 0.07 0.32 0.21 0.00 0.00

0.09 0.09 0.44 0.37 0.03 0.02 0.95 0.74 0.56 0.42 0.06 0.39 0.51 0.04 0.05 0.02 0.01 0.16 0.21 0.38 0.03 0.05 0.06 0.12 1.88 1.49 0.13 0.08 0.07 0.09 0.18 0.20 0.01 0.04 1.40 0.13 0.10 0.00 0.03 0.04 0.54 0.06 0.04 0.08 0.06 0.06 0.01 0.04 0.04 0.07 0.12 0.16 0.13 0.15 0.02 0.08 0.10 9.10 0.02 0.02 0.06 0.07 0.32 0.21 0.15 0.03

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

0.00 0.00 0.02 0.03 0.00 0.00 0.09 0.06 0.02 0.01 0.01 0.09 0.11 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.12 0.04 0.02 0.00 0.00 0.01 0.03 0.01 0.00 0.00 0.07 0.01 0.01 0.00 0.01 0.01 0.03 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.01 1.44 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.00

0.18 0.22 0.75 0.51 0.09 0.08 1.22 1.03 1.51 1.75 0.17 0.61 0.74 0.08 0.09 0.03 0.02 0.29 0.37 1.00 0.10 0.26 0.32 0.24 2.27 1.79 0.55 0.43 0.09 0.12 0.44 0.56 0.04 0.18 1.54 0.33 0.23 0.02 0.07 0.09 0.69 0.14 0.10 0.16 0.12 0.55 0.04 0.20 0.24 0.13 0.22 0.28 1.05 0.29 0.06 0.19 0.17 12.44 0.06 0.04 0.45 0.20 0.42 0.53 0.35 0.08

0.06 0.08 0.28 0.20 0.02 0.01 0.63 0.50 0.50 0.00 0.05 0.26 0.33 0.02 0.03 0.01 0.01 0.12 0.16 0.35 0.03 0.03 0.05 0.11 1.28 1.01 0.08 0.07 0.05 0.06 0.12 0.16 0.00 0.04 0.94 0.11 0.08 0.00 0.02 0.03 0.16 0.04 0.03 0.07 0.05 0.02 0.00 0.03 0.04 0.01 0.10 0.13 0.10 0.11 0.01 0.05 0.07 6.11 0.01 0.01 0.06 0.00 0.17 0.20 0.02 0.03

130 550 243 475 4 88 849 10644 64 76 155 37557 11079 936 110 49 0 282 125 590 101 0 324 404 1125 402 2 6 1 241 2 130 117 887 400 1 156 14 467 955 93 927 11 146 49 1 0 53 462 262 246 25 381 2 27 154 1060 64 91 16 7187 0 53 150 0 43 371 445 29 799 109 870 63 988 0 6020 101 0 156 9 304 4 947 561 82 2497 71 75 57 0 5 45 816 20 284 67 0 491 397

0.20 0.13 0.39 0.39 0.02 12.29 1.03 1.31 0.14 2.07 2.62 23.81 30.10 0.09 0.07 0.02 0.00 0.06 0.08 3.04 2.39 0.00 0.08 0.07 0.21 0.17 0.10 0.15 0.24 0.32 0.06 0.44 0.33 0.52 0.41 0.37 0.12 0.20 0.30 0.26 0.08 0.13 0.09 0.12 0.15 0.11 0.00 0.23 0.30 0.22 0.28 0.21 0.27 0.14 0.16 0.08 0.10 0.23 0.18 0.00 6.56 0.00 0.13 0.06 0.00 0.02 0.03 0.10 0.13 0.16 0.14 0.04 0.02 1.19 0.00 0.05 0.04 0.00 0.61 0.95 0.24 0.18 0.09 0.07 1.62 11.01 0.16 3.06 0.06 0.00 0.03 0.17 1.49 0.19 0.25 0.01 0.00 0.17 0.21

0.17 0.12 0.28 0.35 0.02 11.27 0.88 1.13 0.00 1.75 2.19 19.35 24.59 0.00 0.07 0.00 0.00 0.06 0.00 2.84 2.25 0.00 0.00 0.05 0.19 0.14 0.10 0.00 0.24 0.28 0.00 0.37 0.28 0.44 0.35 0.37 0.00 0.00 0.24 0.23 0.06 0.10 0.08 0.00 0.00 0.00 0.00 0.21 0.25 0.19 0.22 0.21 0.25 0.11 0.14 0.04 0.09 0.21 0.00 0.00 5.57 0.00 0.13 0.00 0.00 0.02 0.02 0.08 0.00 0.15 0.00 0.03 0.00 0.87 0.00 0.04 0.02 0.00 0.55 0.00 0.18 0.18 0.07 0.05 1.55 10.24 0.10 3.06 0.00 0.00 0.02 0.00 1.30 0.19 0.00 0.01 0.00 0.14 0.19

0.20 0.12 0.29 0.38 0.02 12.04 1.02 1.28 0.14 1.99 2.55 22.25 28.36 0.09 0.07 0.01 0.07 0.06 0.08 2.89 2.26 0.12 0.07 0.05 0.20 0.15 0.10 0.15 0.24 0.30 0.06 0.39 0.31 0.46 0.38 0.37 0.12 0.20 0.27 0.24 0.06 0.12 0.09 0.12 0.15 0.11 0.08 0.22 0.28 0.20 0.25 0.21 0.27 0.11 0.15 0.07 0.09 0.22 0.17 1.48 6.39 0.16 0.13 0.06 0.03 0.02 0.03 0.09 0.13 0.15 0.13 0.03 0.02 1.19 0.08 0.05 0.02 0.50 0.55 0.95 0.19 0.18 0.08 0.06 1.60 10.85 0.15 3.06 0.06 0.07 0.03 0.15 1.35 0.19 0.25 0.01 0.60 0.16 0.20

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

0.00 0.01 0.01 0.01 0.00 0.74 0.12 0.13 0.01 0.19 0.26 2.36 2.99 0.01 0.00 0.00 0.00 0.00 0.00 0.06 0.05 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.01 0.02 0.02 0.02 0.03 0.00 0.01 0.02 0.05 0.01 0.02 0.01 0.01 0.01 0.08 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.02 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.66 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.26 0.00 0.01 0.01 0.00 0.06 0.03 0.06 0.01 0.00 0.00 0.03 0.49 0.05 0.01 0.01 0.00 0.00 0.01 0.05 0.00 0.02 0.00 0.00 0.01 0.00

0.48 0.25 0.63 0.77 0.27 16.95 2.02 2.36 0.21 3.90 4.80 28.49 35.47 0.30 0.22 0.12 0.07 0.22 0.28 4.54 3.68 0.12 0.22 0.18 0.61 0.48 0.30 0.45 0.53 0.60 0.11 0.70 0.55 0.84 0.68 0.50 0.18 0.52 0.68 0.26 0.12 0.20 0.13 0.17 0.31 0.20 0.17 0.51 0.61 0.37 0.50 0.81 1.02 0.32 0.40 0.10 0.12 0.42 0.35 1.52 6.83 0.17 0.14 0.08 0.07 0.18 0.04 0.18 0.31 0.37 0.35 0.20 0.05 1.38 0.17 0.10 0.15 1.18 0.65 2.80 0.50 0.29 0.19 0.15 2.10 14.73 0.28 3.29 0.10 0.07 0.15 0.40 1.89 0.34 0.43 0.04 0.60 0.40 0.62

0.10 0.11 0.26 0.34 0.01 10.51 0.79 1.11 0.11 1.75 2.19 14.50 18.41 0.07 0.06 0.00 0.07 0.00 0.07 2.18 1.72 0.05 0.05 0.04 0.16 0.11 0.00 0.11 0.19 0.21 0.04 0.35 0.28 0.39 0.30 0.27 0.09 0.19 0.22 0.11 0.04 0.05 0.07 0.09 0.11 0.10 0.00 0.15 0.19 0.16 0.21 0.20 0.24 0.08 0.12 0.01 0.07 0.18 0.13 1.48 3.02 0.05 0.04 0.04 0.03 0.02 0.02 0.07 0.01 0.13 0.11 0.03 0.02 0.35 0.07 0.03 0.00 0.17 0.10 0.38 0.18 0.15 0.05 0.04 1.38 8.21 0.08 3.05 0.04 0.07 0.01 0.14 0.93 0.18 0.22 0.01 0.60 0.09 0.12

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

(100s) Stock

Exc Volume

Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock* Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chilean Metals* Chilean Metals China Gold Int Churchill Res Cipher Mining* Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals 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 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 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

362 V 345 O 6 O 0 O 103 V 55 O 2564 T 15 V 2 O 34 O 29 V N 61766 41 V 20 O 1074 V 135 T 88 V 4323 D 41 O 276 C 51 C 3577 V 27 O 0 V N 120123 0 V 183 O 0 V 230 O 807 V 317 C 176 C 228 V 625 O 61 V N 22570 12 O 103 V 2 O 5 O 867 V 571 V 1 V 22 O 42 V 153 V 53 O 73 V 2015 X 2 V 8 O 6 O 509 T 51 O 217 V 202 V 68 O 264 O 575 V 597 V 3575 N N 16002 241 O 180 V 37 O 1571 V 180 O 262 V 138 O 154 O 536 V 674 V 6419 T 795 O 1001 O 569 C 231 O 142 O 102 V 1758 C 14 V 6 O 467 O 945 V 259 V 0 V 219 C 6 O 174 C 139 O 1017 V 18 O 751 C 424 V 200 O 310 O 455 C 180 V 40 V 44 C 963 O 1582 V

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 Metal 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 Dolly Vard Sil Dolly Vard Sil* Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res 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

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

Week High

Low

Last

12-month Change

0.20 0.21 0.22 0.15 0.17 0.17 0.00 5.50 5.69 0.00 0.09 unch 0.00 0.00 0.14 0.14 + 4.90 5.05 5.18 + 6.11 6.45 6.59 + 0.00 0.19 0.19 0.10 0.10 unch 0.10 + 2.07 2.31 2.36 + 2.64 3.00 3.05 + 139.44 134.83 138.81 0.00 0.21 0.22 0.13 0.13 0.16 0.17 0.17 0.21 + 3.50 3.84 3.85 + 0.00 0.21 0.21 + 2.79 3.13 3.44 + 0.14 0.16 0.17 + 0.19 0.22 0.23 + 0.00 0.25 0.29 + 0.19 0.24 0.24 + 0.14 0.17 0.17 0.00 0.16 unch 0.00 + 21.53 18.71 18.92 0.00 0.11 unch 0.00 + 0.18 0.20 0.20 0.00 0.06 unch 0.00 + 0.10 0.12 0.12 + 0.13 0.15 0.15 + 0.10 0.10 0.12 0.19 0.19 0.21 0.14 0.14 0.15 0.02 0.03 0.04 0.04 0.04 0.04 + 4.61 5.06 5.11 + 0.07 0.08 0.08 + 0.09 0.10 0.10 0.00 2.40 2.41 0.37 0.37 unch 0.37 + 0.49 0.53 0.58 2.03 2.20 2.34 + 0.00 3.00 3.00 + 0.10 0.13 0.13 + 0.00 0.15 0.15 0.22 0.22 0.23 + 0.17 0.18 0.18 + 0.00 0.17 0.17 1.39 1.44 1.53 0.00 0.10 unch 0.10 + 0.08 0.08 0.08 0.37 0.37 unch 0.45 + 0.48 0.56 0.57 + 0.08 0.09 0.09 + 0.11 0.12 0.12 0.00 0.06 0.06 + 0.04 0.05 0.05 1.89 1.91 2.12 2.40 2.45 unch 2.68 + 0.00 0.11 0.12 + 31.51 24.00 31.49 + 16.04 14.61 15.89 + 0.35 0.38 0.39 + 0.44 0.48 0.48 0.04 0.04 0.04 0.00 0.05 0.06 0.05 0.05 0.05 + 1.06 1.20 1.30 + 0.83 0.91 1.00 + 0.18 0.21 0.23 0.25 0.27 unch 0.29 + 0.11 0.14 0.14 + 3.75 4.16 4.38 + 2.90 3.27 3.45 + 0.05 0.06 0.06 + 0.80 0.95 0.96 0.59 0.62 unch 0.64 + 0.53 0.60 0.62 + 0.00 0.79 0.80 + 0.44 0.47 0.50 3.81 3.89 3.95 0.00 3.00 3.09 0.41 0.42 0.48 0.53 0.54 0.60 + 0.09 0.10 0.10 0.00 0.64 unch 0.00 + 0.00 0.10 0.10 0.00 0.09 unch 0.09 0.27 0.27 0.30 1.05 1.05 1.21 1.32 1.32 1.50 + 0.15 0.15 0.15 0.17 0.18 0.20 + 0.00 0.07 0.07 + 0.00 0.05 0.06 0.18 0.18 0.19 0.23 0.24 unch 0.24 0.00 0.05 unch 0.05 0.00 0.08 unch 0.08 0.00 0.62 0.64 1.23 1.25 1.48 1.57 1.60 1.86

High Low

0.63 0.20 0.02 0.52 0.15 0.00 7.69 3.07 0.17 0.10 0.05 0.00 0.15 0.08 0.01 5.82 2.94 0.20 7.24 3.71 0.30 0.20 0.09 0.01 0.14 0.08 0.00 4.00 1.98 0.25 5.00 2.54 0.39 2.93 139.43 90.08 0.46 0.15 0.01 0.40 0.09 0.04 0.55 0.12 0.04 4.47 2.91 0.37 0.44 0.16 0.04 0.36 15.39 2.54 1.48 0.11 0.02 1.82 0.17 0.03 1.00 0.10 0.04 0.43 0.17 0.04 0.39 0.00 0.02 0.17 0.08 0.00 0.05 26.51 12.77 0.23 0.09 0.00 0.32 0.14 0.01 0.08 0.05 0.00 0.20 0.03 0.01 0.25 0.08 0.02 0.11 0.05 0.01 0.82 0.18 0.01 0.20 0.09 0.01 0.14 0.02 0.00 0.17 0.03 0.01 0.51 11.14 4.31 0.16 0.01 0.00 0.17 0.08 0.01 3.50 1.89 0.01 0.48 0.08 0.00 0.64 0.10 0.04 3.73 0.50 0.15 4.00 2.80 0.10 0.21 0.08 0.03 0.32 0.11 0.01 0.49 0.19 0.01 0.39 0.16 0.01 0.25 0.11 0.01 9.85 1.24 0.06 0.12 0.08 0.00 0.10 0.03 0.01 0.79 0.35 0.00 1.08 0.48 0.02 0.23 0.01 0.01 0.30 0.11 0.01 0.21 0.06 0.01 0.17 0.04 0.00 2.67 0.99 0.04 3.29 1.26 0.00 0.24 0.08 0.01 7.15 36.23 8.65 0.70 16.22 10.41 0.60 0.15 0.02 0.77 0.19 0.01 0.10 0.03 0.00 0.13 0.04 0.01 0.25 0.01 0.00 1.57 0.13 0.15 1.24 0.11 0.03 0.53 0.15 0.00 0.66 0.20 0.00 0.21 0.04 0.02 5.07 2.28 0.40 4.20 1.75 0.32 0.42 0.03 0.01 0.96 0.35 0.15 0.71 0.25 0.00 1.24 0.01 0.08 1.54 0.45 0.14 0.60 0.07 0.02 4.90 3.40 0.03 3.91 0.65 0.07 0.87 0.21 0.01 1.10 0.27 0.01 0.20 0.08 0.01 0.68 0.11 0.00 0.29 0.09 0.01 0.25 0.08 0.00 2.53 0.26 0.02 1.65 0.87 0.02 1.98 1.13 0.05 1.22 0.01 0.00 0.30 0.11 0.02 0.36 0.06 0.01 0.29 0.04 0.00 0.27 0.06 0.00 0.34 0.08 0.00 0.15 0.03 0.00 0.09 0.06 0.00 0.99 0.46 0.01 2.13 0.68 0.21 2.61 0.83 0.24

D-F 34 64 100 651 72 291 305 38 899 1256 164 245 924 886 87 351 22970 38906 25 91 284 89 412 575 0 202 332 205 1858 821 0 14 5 28 172 0 14 149 464 869 647 361 165 917 2376 213 634 0 113 26 42 64 11 709 359 302 431 88 181 36 182 291 0

0.70 0.83 0.06 0.08 0.27 0.05 0.04 0.06 0.07 0.05 0.23 0.29 0.48 0.37 0.03 0.58 1.74 1.38 0.10 0.14 2.80 0.04 0.32 0.26 0.00 0.07 0.03 0.04 1.78 1.40 0.00 0.13 0.15 0.20 0.23 0.00 0.21 0.19 0.85 0.68 0.76 0.35 0.27 8.62 7.94 0.05 0.07 0.00 3.22 2.50 1.40 0.17 0.12 0.10 0.08 1.99 2.51 0.62 0.77 0.16 0.22 0.18 0.00

0.63 0.81 0.06 0.07 0.24 0.00 0.03 0.04 0.06 0.05 0.21 0.27 0.42 0.33 0.00 0.52 1.46 1.15 0.10 0.00 2.40 0.04 0.28 0.22 0.00 0.00 0.02 0.00 1.63 1.27 0.00 0.10 0.00 0.16 0.21 0.00 0.00 0.00 0.69 0.54 0.70 0.29 0.22 7.70 7.53 0.04 0.00 0.00 3.11 2.47 1.20 0.00 0.11 0.09 0.07 1.72 2.27 0.52 0.67 0.11 0.00 0.00 0.00

0.66 unch 0.82 0.06 unch + 0.08 0.24 0.04 unch + 0.04 + 0.05 + 0.07 0.05 0.21 0.28 + 0.47 + 0.37 + 0.03 0.54 + 1.62 + 1.28 0.10 unch 0.13 2.48 0.04 unch 0.30 unch + 0.25 0.19 unch 0.06 0.02 0.03 + 1.72 + 1.36 0.09 unch 0.10 + 0.15 + 0.18 + 0.23 0.13 unch + 0.21 0.19 + 0.79 + 0.61 + 0.75 + 0.34 0.26 + 8.33 + 7.91 + 0.04 0.06 0.09 unch + 3.19 2.50 1.23 + 0.17 + 0.12 0.09 unch + 0.08 1.82 unch 2.33 0.53 0.70 unch + 0.14 + 0.19 0.18 unch 0.45 unch

0.00 0.03 0.00 0.01 0.03 0.00 0.01 0.01 0.01 0.01 0.01 0.02 0.05 0.04 0.01 0.04 0.12 0.10 0.00 0.01 0.19 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.09 0.07 0.00 0.03 0.01 0.03 0.03 0.00 0.02 0.01 0.11 0.05 0.05 0.01 0.00 0.51 0.32 0.00 0.01 0.00 0.01 0.01 0.07 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.00 0.02 0.05 0.00 0.00

2.45 1.60 0.16 0.20 0.47 0.09 0.07 0.23 0.30 0.11 0.59 0.75 1.07 0.91 0.18 0.73 2.64 2.14 0.17 0.20 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 0.35 0.35 0.85 0.69 1.28 1.18 1.22 13.18 9.72 0.10 0.13 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

0.43 0.50 0.00 0.05 0.24 0.04 0.01 0.03 0.04 0.04 0.16 0.21 0.37 0.28 0.03 0.38 1.11 0.86 0.09 0.11 1.50 0.02 0.10 0.08 0.16 0.06 0.02 0.03 1.19 0.90 0.08 0.09 0.11 0.14 0.19 0.11 0.17 0.17 0.42 0.33 0.61 0.20 0.06 7.51 6.99 0.03 0.04 0.09 1.83 1.48 0.60 0.12 0.09 0.09 0.07 1.24 1.53 0.07 0.24 0.00 0.10 0.14 0.40

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

East Africa East Africa * Eastern Platin 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 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* EMP Metals EMP Metals* 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 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 Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Evergold Evergold* Everton Res* EVI Global Grp Evrim Res Excellon Res Excellon Res* Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Exploits Disc* Fabled Silver Fabled Silver* Fairchild Gold Fairmont Res* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls FireFox Gold* FireFox Gold Firestone Vent Fireweed Zinc* Fireweed Zinc 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 Fjordland Exp* Fjordland Exp Flow Metals Focus Graphite* Focus Graphite Focus Minerals* Fokus Mining Foran Mining* Foran Mining Foremost Lith Foremost Lith* Forsys Metals Fort St James* Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min* Fortune Min Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Fox River Res FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Fredonia Mg Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl

V 298 O 1 T 85 O 65 O 87 V 149 C 123 O 101 C 452 V 1 O 438 V 1676 C 25 V 150 V 566 O 61 N 11976 T 2215 O 674 C 600 V 427 O 303 O 176 V 387 V 96 O 48 V 1736 O 405 O 41 V 145 V 11 O 5 C 377 O 2 C 94 V 48 X 511 V 2521 T 3647 N 12647 T 2132 O 25 V 167 V 868 O 306 T 4025 X 13311 V 122 V 79 O 8 O 119 T 729 X 10181 T 3801 O 97 V 159 T 805 O 465 O 25 V 29 T 6231 N 341 O 1 V 58 V 58 O 387 V 496 V 30 O 100 O 411 V 319 C 274 V 311 O 43 T 1666 O 162 T 69 O 45 O 1 V 32 O 13 V 171 O 101 O 1 C 207 V 156 T 231 X 256 O 240 T 456 V 113 O 2 O 355 V 1724 O 382 V 0 O 158 V 446 O 50 V 348 O 146 V 373 O 40 C 847 O 890 C 515 V 804 T 1310 O 72 V 187 O 743 V 499 V 7 O 4 V 134 V 1851 C 3125 O 17 V 0 N 21802 T 3282 O 1100 T 1086 O 383 T 7964 C 1511 O 1380 V 7485 O 2724 O 1778 T 8099 V 44 O 7 V 234 C 21 O 1138 V 1377 O 2 V 332 O 83 V 1402 C 10311 O 936 T 939 O 0 V 1 O 22 T 4400 N 21838 V 27 O 1 O 480 T 495 C 256 O 1098 V 1038 V 250 V 3 C 157 C 18 V 875 N 2984 T 2189 O 2255 V 0 T 1167 C 476 O 163 N 107242 V 210 V 138 O 95 V 1518 V 120 V 81

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

Week High

Low

0.29 0.18 0.28 0.22 0.07 0.09 0.18 0.14 0.27 0.17 0.12 0.16 0.18 0.04 0.08 0.06 10.11 12.88 0.51 1.31 0.67 0.54 2.97 3.78 0.74 0.59 2.82 2.22 0.03 0.04 0.70 0.54 0.39 0.30 0.11 2.77 2.18 1.44 31.23 4.04 5.13 0.30 0.40 0.25 0.20 9.41 7.44 0.04 0.25 0.20 0.81 1.03 6.49 8.26 0.10 0.13 0.46 0.36 0.06 0.08 18.32 14.44 0.07 0.10 0.10 2.34 2.95 0.07 0.05 0.20 0.25 0.16 0.48 0.34 0.28 0.22 0.08 0.07 0.05 0.07 0.05 0.12 0.09 0.02 0.07 0.52 0.88 0.70 0.36 0.46 0.13 0.11 0.34 0.10 0.08 0.00 0.11 0.34 0.25 0.09 0.09 0.12 0.19 0.26 0.22 0.28 0.11 14.97 11.72 0.07 0.22 0.27 0.14 0.44 0.55 0.30 0.34 0.25 0.00 11.31 14.40 0.23 0.29 0.57 37.85 0.59 0.47 0.16 0.12 0.69 0.87 0.04 0.07 0.10 0.04 0.06 0.08 0.17 0.09 2.00 2.54 0.43 0.34 0.86 0.00 0.15 16.31 4.62 3.63 0.59 0.45 0.11 0.14 0.10 0.19 0.24 0.76 0.30 0.76 0.44 0.69 142.71 181.77 0.03 0.00 0.61 0.49 0.42 45.56 0.11 0.03 8.78 2.74 0.03 0.16

0.24 0.18 0.27 0.00 0.00 0.08 0.14 0.09 0.20 0.00 0.10 0.13 0.18 0.00 0.07 0.05 9.05 11.50 0.41 1.16 0.58 0.45 2.71 3.45 0.00 0.54 2.51 1.99 0.03 0.00 0.00 0.46 0.37 0.30 0.10 2.53 1.98 1.28 29.68 3.51 4.48 0.28 0.00 0.22 0.17 8.05 6.33 0.00 0.00 0.00 0.72 0.90 5.80 7.37 0.08 0.12 0.39 0.30 0.05 0.07 16.29 12.82 0.07 0.00 0.00 2.13 2.71 0.00 0.05 0.18 0.23 0.13 0.43 0.34 0.19 0.15 0.00 0.06 0.05 0.00 0.05 0.00 0.09 0.02 0.06 0.46 0.76 0.61 0.34 0.43 0.00 0.11 0.31 0.08 0.06 0.00 0.05 0.29 0.22 0.08 0.06 0.00 0.18 0.21 0.21 0.25 0.00 13.78 10.87 0.00 0.18 0.24 0.00 0.42 0.51 0.28 0.29 0.21 0.00 10.01 12.75 0.21 0.27 0.50 32.65 0.43 0.33 0.14 0.10 0.58 0.74 0.00 0.07 0.00 0.04 0.05 0.07 0.17 0.00 1.77 2.22 0.37 0.29 0.69 0.00 0.00 15.25 4.16 3.27 0.00 0.00 0.10 0.14 0.08 0.15 0.21 0.65 0.00 0.60 0.00 0.64 133.94 170.28 0.01 0.00 0.52 0.46 0.37 38.19 0.10 0.00 8.40 2.38 0.00 0.00

Last

12-month Change

0.24 0.18 unch 0.28 0.21 0.07 + 0.09 + 0.16 0.14 + 0.24 + 0.17 unch 0.10 0.13 0.18 unch 0.03 0.08 + 0.06 + 10.03 + 12.79 + 0.51 + 1.21 + 0.61 0.49 2.94 + 3.73 + 0.72 + 0.56 + 2.56 2.00 0.03 + 0.04 unch 0.63 0.52 0.38 + 0.30 0.11 + 2.75 + 2.17 + 1.36 + 31.07 + 4.00 + 5.09 + 0.30 + 0.36 0.23 0.18 8.70 + 6.81 + 0.04 + 0.22 + 0.20 unch 0.76 + 0.98 + 6.40 + 8.16 + 0.10 + 0.13 unch 0.42 + 0.33 + 0.05 0.07 17.42 + 13.67 + 0.07 0.10 unch 0.10 unch 2.32 + 2.85 + 0.07 unch 0.05 unch 0.19 + 0.25 + 0.15 unch 0.44 + 0.34 + 0.26 + 0.20 + 0.08 unch 0.07 + 0.05 unch 0.07 0.05 unch 0.12 unch 0.09 + 0.02 unch 0.07 + 0.50 + 0.85 + 0.66 + 0.34 0.43 0.12 0.11 unch 0.32 + 0.09 0.07 0.13 unch 0.11 + 0.33 + 0.25 + 0.09 + 0.07 + 0.11 unch 0.18 + 0.23 + 0.21 0.27 unch 0.11 + 14.12 11.07 0.07 + 0.21 0.26 0.14 0.42 + 0.55 unch 0.29 + 0.31 + 0.25 + 0.09 unch 11.19 + 14.26 + 0.22 + 0.28 + 0.52 35.85 + 0.48 0.37 0.14 0.11 0.62 + 0.80 + 0.04 unch 0.07 unch 0.10 + 0.04 + 0.05 0.07 0.17 unch 0.09 1.92 + 2.46 + 0.39 + 0.30 + 0.77 + 0.10 unch 0.15 + 16.27 + 4.58 + 3.59 + 0.58 0.45 0.11 + 0.14 0.10 unch 0.17 + 0.22 + 0.74 + 0.28 0.76 + 0.44 + 0.67 unch 142.03 + 180.94 + 0.02 0.30 unch 0.59 0.49 unch 0.42 + 42.80 + 0.11 + 0.03 8.62 2.55 0.03 unch 0.14 -

0.05 0.00 0.01 0.01 0.01 0.01 0.02 0.03 0.04 0.00 0.00 0.01 0.00 0.01 0.01 0.00 1.00 1.28 0.04 0.01 0.05 0.03 0.24 0.30 0.02 0.02 0.19 0.14 0.00 0.00 0.05 0.02 0.03 0.00 0.01 0.17 0.14 0.01 1.44 0.53 0.67 0.02 0.01 0.02 0.01 0.54 0.43 0.01 0.02 0.00 0.04 0.07 0.64 0.80 0.00 0.00 0.04 0.03 0.01 0.01 0.87 0.71 0.01 0.00 0.00 0.18 0.14 0.00 0.00 0.01 0.02 0.00 0.01 0.01 0.04 0.03 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.04 0.02 0.01 0.01 0.01 0.00 0.01 0.02 0.02 0.00 0.02 0.03 0.02 0.01 0.00 0.00 0.02 0.02 0.00 0.00 0.01 0.42 0.35 0.01 0.01 0.02 0.03 0.00 0.00 0.01 0.05 0.04 0.00 1.31 1.63 0.01 0.02 0.01 2.98 0.04 0.04 0.02 0.01 0.03 0.05 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.17 0.20 0.01 0.00 0.07 0.00 0.01 0.97 0.45 0.35 0.02 0.04 0.00 0.01 0.00 0.00 0.01 0.02 0.07 0.12 0.03 0.00 8.06 10.03 0.00 0.00 0.01 0.00 0.06 4.38 0.01 0.01 0.01 0.19 0.00 0.02

(100s)

High Low

Stock

0.58 0.39 0.47 0.38 0.09 0.10 0.20 0.16 0.31 0.25 1.00 0.25 0.25 0.06 0.19 0.16 13.51 16.92 0.59 1.65 2.85 2.27 4.65 5.88 0.88 0.74 4.14 3.35 0.07 0.09 1.05 1.00 1.29 0.42 0.29 4.69 3.69 2.27 35.94 7.76 9.32 0.37 0.45 0.29 0.24 14.33 11.39 0.08 0.55 0.30 0.90 1.12 10.19 12.78 0.24 0.30 0.50 0.41 0.16 0.20 29.76 22.30 0.10 0.12 0.12 2.93 3.55 0.30 0.14 0.50 0.60 0.38 0.72 0.68 0.47 0.39 0.12 0.09 0.27 0.36 0.20 0.43 0.44 0.42 0.14 0.58 4.60 3.70 0.89 1.11 0.14 0.11 1.35 0.38 0.30 0.20 0.76 0.48 0.40 0.13 0.15 0.17 0.44 0.88 0.39 0.49 0.14 16.50 13.21 0.20 0.35 0.40 0.30 0.80 1.01 0.46 0.62 0.32 0.10 20.63 25.75 0.42 0.50 0.76 37.85 0.71 1.00 0.30 0.24 1.00 1.25 0.07 0.21 0.27 0.08 0.22 0.28 0.24 0.31 2.42 3.09 0.44 0.42 1.30 0.10 0.50 20.12 10.61 8.52 1.21 0.96 0.22 0.27 0.38 0.47 0.56 1.92 0.60 0.72 0.73 0.94 163.79 205.25 0.15 0.37 0.89 0.59 0.45 46.20 0.25 0.08 14.29 3.05 0.04 0.65

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

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* GCM Mining* GCM Mining General Gold Generation Min Generation Min* 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 GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Golcap 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 Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goliath Res Goliath Res* Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals GR Silver GR Silver* Granada Gold* Granada Gold Grande Portage* Grande Portage

0.14 0.16 0.27 0.19 0.04 0.06 0.05 0.04 0.13 0.15 0.01 0.05 0.15 0.03 0.05 0.04 7.46 9.52 0.28 0.67 0.60 0.45 2.40 3.06 0.53 0.40 0.20 0.16 0.02 0.03 0.42 0.45 0.22 0.09 0.10 2.35 1.85 0.95 23.12 3.35 4.28 0.15 0.19 0.17 0.12 5.55 4.32 0.03 0.20 0.15 0.42 0.54 5.47 6.99 0.07 0.09 0.33 0.26 0.05 0.06 15.01 11.76 0.05 0.08 0.08 1.43 1.82 0.06 0.05 0.13 0.16 0.11 0.39 0.31 0.19 0.14 0.05 0.04 0.05 0.06 0.04 0.11 0.02 0.00 0.06 0.28 0.76 0.61 0.29 0.36 0.08 0.07 0.19 0.07 0.05 0.13 0.00 0.22 0.15 0.06 0.04 0.09 0.13 0.15 0.14 0.15 0.05 1.83 1.44 0.06 0.11 0.13 0.11 0.39 0.50 0.26 0.14 0.12 0.07 9.29 11.87 0.20 0.26 0.05 20.67 0.05 0.03 0.08 0.06 0.35 0.45 0.03 0.05 0.07 0.03 0.04 0.06 0.16 0.08 0.62 0.77 0.10 0.07 0.38 0.10 0.13 10.25 3.77 2.91 0.52 0.00 0.07 0.10 0.08 0.11 0.15 0.65 0.26 0.42 0.25 0.42 105.62 133.63 0.01 0.13 0.32 0.28 0.23 29.45 0.10 0.02 8.35 0.69 0.02 0.11

Exc Volume

Week High

Low

1 365 593 140 284

0.13 0.86 0.68 0.05 0.07

0.00 0.79 0.63 0.04 0.06

O 19 V 254 V 613 O 5 V 1846 O 1439 V 196 O 96 T 100 X 2786 O 417 V 2827 V 10 O 6 V 55 O 248 V 939 V 341 O 1010 O 78 V 263 V 272 O 27 T 671 N 8118 O 467 T 2195 C 41 T 744 O 328 C 86 O 46 V 321 V 919 V 1 V 577 O 73 C 480 O 610 V 37 V 914 O 724 V 0 V 24 O 2 O 5 V 119 V 1673 O 854 V 710 O 4 O 442 V 369 V 10 V 42 V 0 O 83 V 406 O 97 O 1715 O 767 T 1880 O 138 V 121 O 123 V 69 C 375 O 110 O 2 T 206 O 134 O 74 V 94 O 1248225 O 4 C 120 V 0 T 3507 C 16 O 301 V 458 O 240 O 2 N 34500 V 4313 O 440 C 11 V 2162 O 406 C 154 O 169 T 564 C 1 O 91 V 148 X 8442 X 2222 O 0 V 803 T 937 X 2863 C 188 V 221 O 93 V 0 O 41 V 75 O 267 V 134 O 28 V 1038 O 86 V 329 V 1 O 83 V 162 C 132 O 47 C 620 X 2283 T 167 O 0 V 0 V 421 V 240 V 26 C 55 T 624 X 9772 V 431 O 122 O 1 V 21 V 405 O 84 T 19 O 251 V 1 T 1703 V 20 O 5 O 0 V 153 V 1066 C 386 O 10 O 2380 C 147 O 294 V 576 O 13 V 57 V 0 V 1497 O 545 V 177 O 1050 V 3029 O 21 V 75 V 75 V 416 O 304 O 478 V 1529 O 199 V 185

0.38 0.50 0.24 0.18 0.15 0.12 0.55 0.44 0.91 0.72 0.05 0.06 0.02 0.16 0.20 0.47 0.60 0.07 0.06 0.32 0.40 0.27 0.21 4.50 3.57 4.44 5.47 0.25 0.89 0.70 0.27 0.10 0.14 0.39 0.07 0.32 0.26 0.56 0.45 0.07 0.19 0.15 0.00 0.15 0.13 0.12 0.14 0.35 0.28 0.06 0.05 0.29 0.37 0.18 0.14 0.00 0.05 0.07 5.74 11.45 3.05 3.87 0.15 0.19 0.19 0.25 0.09 0.06 0.13 1.23 0.97 0.17 0.21 0.00 0.12 0.17 0.00 3.24 0.10 0.17 0.32 0.25 11.25 11.66 0.14 0.11 0.45 0.14 0.06 0.09 1.13 1.44 0.00 1.06 1.38 1.70 4.42 0.00 0.06 0.53 0.42 0.07 0.06 0.05 0.00 0.09 0.12 0.13 0.16 0.11 0.20 0.04 0.06 0.15 0.19 0.27 0.11 0.08 0.14 0.44 0.55 0.09 0.00 0.19 4.05 0.16 0.27 4.99 3.91 0.25 0.20 0.04 0.07 0.16 0.03 0.04 0.22 0.25 2.13 0.21 0.14 0.00 0.15 0.34 0.04 0.03 0.07 0.11 0.40 0.52 0.68 0.86 0.00 0.93 0.72 0.18 0.29 0.37 0.11 0.14 0.14 0.33 0.26 0.06 0.07 0.42 0.54

Last

12-month Change

High Low

0.13 + 0.83 unch 0.64 + 0.05 0.07 unch

0.00 0.00 0.00 0.00 0.00

0.57 2.29 1.85 0.17 0.21

0.00 0.75 0.57 0.04 0.06

0.33 0.38 + 0.43 0.46 + 0.00 0.21 0.00 0.17 0.11 0.15 + 0.09 0.12 + 0.50 0.52 0.40 0.41 + 0.84 0.89 + 0.65 0.71 + 0.04 0.04 0.05 0.06 0.00 0.02 0.08 0.16 + 0.00 0.20 + 0.41 0.41 0.51 0.51 0.00 0.06 0.05 0.05 0.25 0.29 0.34 0.35 0.00 0.24 0.16 0.20 + 3.91 4.26 + 3.07 3.36 + 4.07 4.26 + 5.13 5.41 + 0.22 0.25 unch 0.80 0.86 + 0.63 0.68 + 0.24 0.26 0.09 0.10 0.00 0.14 unch 0.34 0.37 + 0.00 0.07 0.28 0.28 0.22 0.22 0.45 0.47 0.36 0.37 0.00 0.07 + 0.15 0.17 + 0.12 0.14 + 0.00 0.08 unch 0.00 0.14 unch 0.13 0.13 unch 0.12 0.12 unch 0.00 0.14 0.31 0.32 + 0.23 0.25 + 0.05 0.05 unch 0.05 0.05 unch 0.26 0.27 + 0.32 0.34 unch 0.00 0.18 unch 0.00 0.14 0.00 0.37 unch 0.04 0.04 0.06 0.06 unch 5.46 5.54 + 10.92 11.16 + 2.65 2.84 + 3.36 3.66 + 0.13 0.14 0.17 0.18 0.00 0.18 0.22 0.25 + 0.07 0.08 0.06 0.06 unch 0.10 0.13 + 1.10 1.19 + 0.85 0.96 + 0.00 0.17 + 0.00 0.20 0.00 0.00 unch 0.00 0.12 0.15 0.15 0.00 0.20 unch 2.71 3.07 + 0.09 0.10 + 0.16 0.17 + 0.23 0.26 + 0.18 0.22 + 10.70 11.25 + 10.36 11.40 + 0.12 0.13 + 0.09 0.11 + 0.00 0.42 0.13 0.14 unch 0.05 0.06 unch 0.07 0.09 unch 1.07 1.10 + 1.35 1.39 0.00 0.12 unch 1.03 1.06 + 1.31 1.34 unch 1.52 1.69 + 4.06 4.29 + 0.00 0.04 unch 0.00 0.06 + 0.48 0.50 + 0.37 0.39 0.00 0.07 + 0.00 0.06 + 0.04 0.05 + 0.00 0.11 unch 0.08 0.09 + 0.00 0.11 unch 0.11 0.12 0.00 0.16 unch 0.11 0.11 unch 0.15 0.17 + 0.02 0.04 unch 0.00 0.05 0.00 0.15 unch 0.19 0.19 0.24 0.24 0.10 0.10 + 0.08 0.08 + 0.12 0.13 + 0.36 0.42 + 0.46 0.52 + 0.09 0.09 unch 0.00 0.13 unch 0.00 0.19 + 3.77 3.85 0.16 0.16 0.26 0.27 + 4.96 4.96 unch 3.87 3.90 unch 0.23 0.25 + 0.17 0.19 + 0.03 0.04 + 0.00 0.07 unch 0.13 0.14 0.02 0.03 + 0.00 0.04 unch 0.16 0.17 0.00 0.25 unch 1.83 2.09 + 0.19 0.19 0.14 0.14 unch 0.00 0.01 unch 0.00 0.15 + 0.26 0.28 0.03 0.03 0.00 0.03 unch 0.05 0.06 0.10 0.11 0.35 0.39 + 0.44 0.50 + 0.64 0.65 + 0.00 0.82 + 0.00 0.07 unch 0.71 0.89 + 0.56 0.69 + 0.15 0.15 0.23 0.27 + 0.29 0.34 + 0.09 0.09 unch 0.13 0.13 + 0.00 0.14 + 0.30 0.32 + 0.23 0.24 + 0.05 0.06 0.06 0.07 unch 0.35 0.41 + 0.46 0.52 +

0.05 0.02 0.01 0.00 0.02 0.02 0.03 0.03 0.04 0.05 0.00 0.01 0.01 0.08 0.08 0.03 0.06 0.01 0.00 0.02 0.04 0.01 0.02 0.29 0.25 0.24 0.27 0.00 0.02 0.02 0.01 0.00 0.00 0.03 0.02 0.03 0.01 0.09 0.07 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.06 0.25 0.18 0.26 0.00 0.01 0.01 0.01 0.01 0.00 0.06 0.06 0.08 0.03 0.01 0.00 0.01 0.03 0.00 0.34 0.01 0.00 0.01 0.02 0.55 0.96 0.01 0.01 0.09 0.00 0.00 0.00 0.00 0.01 0.00 0.03 0.00 0.13 0.11 0.00 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.01 0.05 0.06 0.00 0.00 0.01 0.15 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.05 0.00 0.24 0.02 0.00 0.00 0.01 0.07 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.04 0.00 0.08 0.07 0.02 0.04 0.05 0.00 0.01 0.04 0.02 0.01 0.00 0.00 0.01 0.02

0.50 0.63 0.34 0.29 0.29 0.25 0.94 0.78 1.82 1.44 0.12 0.14 0.03 0.23 0.29 0.99 1.25 0.36 0.29 0.47 0.57 0.52 0.42 24.93 20.26 5.19 6.49 0.63 1.23 1.02 0.80 0.20 0.26 0.48 0.11 0.60 0.47 0.81 0.63 0.11 0.19 0.15 0.15 0.33 0.25 0.17 0.21 0.79 0.62 0.12 0.09 0.70 0.87 0.30 0.40 0.44 0.13 0.18 5.75 11.45 3.99 4.84 1.13 1.71 0.28 0.35 0.27 0.21 0.70 1.49 1.24 0.36 0.45 0.00 1.33 1.20 0.37 3.79 0.47 0.39 0.61 0.53 12.05 12.53 0.23 0.23 0.95 0.76 0.20 0.24 2.65 3.12 0.26 1.79 2.22 3.11 7.08 0.17 0.24 1.23 0.97 0.21 0.12 0.10 0.19 0.11 0.14 0.20 0.21 0.24 0.31 0.10 0.13 0.23 0.35 0.44 0.35 0.30 0.70 1.01 1.28 0.15 0.20 0.41 5.44 0.18 0.49 5.12 4.04 0.50 0.42 1.10 0.09 0.20 0.06 0.08 0.87 0.33 2.35 0.60 0.41 0.02 0.20 0.38 0.06 0.05 0.10 0.31 1.75 0.98 1.12 1.41 0.21 1.62 1.31 0.35 0.47 0.59 0.30 0.38 0.15 0.82 0.68 0.19 0.25 0.65 0.78

0.26 0.35 0.17 0.12 0.10 0.08 0.26 0.23 0.81 0.60 0.03 0.05 0.02 0.08 0.10 0.39 0.51 0.06 0.01 0.05 0.21 0.20 0.15 3.45 2.68 3.37 4.50 0.16 0.57 0.45 0.21 0.06 0.08 0.19 0.07 0.23 0.18 0.43 0.35 0.03 0.12 0.10 0.07 0.10 0.08 0.08 0.10 0.30 0.23 0.04 0.02 0.18 0.28 0.14 0.15 0.28 0.04 0.05 3.58 7.20 1.38 1.75 0.12 0.15 0.12 0.16 0.07 0.01 0.01 0.70 0.53 0.10 0.13 0.00 0.09 0.14 0.19 2.02 0.08 0.02 0.18 0.14 7.88 7.75 0.06 0.04 0.28 0.11 0.05 0.07 0.86 1.09 0.10 0.91 1.30 1.50 3.39 0.03 0.04 0.48 0.37 0.05 0.05 0.04 0.10 0.05 0.07 0.11 0.15 0.08 0.11 0.00 0.04 0.14 0.17 0.23 0.09 0.07 0.12 0.31 0.41 0.09 0.10 0.12 2.84 0.10 0.25 2.58 2.04 0.20 0.16 0.00 0.06 0.04 0.02 0.04 0.16 0.14 1.27 0.15 0.00 0.01 0.12 0.11 0.03 0.02 0.03 0.10 0.26 0.44 0.55 0.74 0.06 0.51 0.41 0.08 0.15 0.19 0.01 0.11 0.07 0.24 0.19 0.05 0.06 0.18 0.24

G-H

(100s) Stock

Exc Volume

Week High

Low

Last

0.14 0.11 0.00 1.33 1.73 0.95 1.25 0.28 0.00 28.32 21.26 0.24 0.19 0.04 0.11 0.07 0.06 0.00 0.00 0.00 0.00 0.05 0.40 0.00 0.10 0.13 0.04 0.05 0.00 0.12 0.26 0.35 0.00 0.34 0.43 0.00 0.07 0.09 0.00 0.00 0.00 0.27 0.21 0.00 0.00 0.22 0.00 3.57 0.18 0.15 0.00 0.08 0.14 0.11 4.96 0.50 0.64 0.50 0.13 0.00 0.00 0.00 0.00 1.36 1.07 0.00 0.10 0.00 0.00 1.35 0.00 0.05 0.07 0.00 0.10 7.31 9.28 0.07 0.05 0.00 0.00 0.00 2.65 2.09

0.14 0.11 0.47 1.41 1.78 1.02 1.32 0.29 0.22 28.80 22.59 0.28 0.22 0.04 0.12 0.07 0.06 0.05 0.28 0.13 0.15 0.06 0.40 1.95 0.12 0.15 0.05 0.06 0.15 0.12 0.29 0.37 0.16 0.39 0.50 0.05 0.08 0.10 0.57 0.13 0.04 0.30 0.23 0.18 0.03 0.25 0.21 3.83 0.20 0.15 0.02 0.08 0.18 0.15 5.42 0.60 0.75 0.98 0.13 0.17 0.04 0.02 0.35 1.49 1.18 0.15 0.11 0.19 11.49 1.40 0.20 0.06 0.08 0.11 0.10 8.05 10.24 0.07 0.06 0.04 0.04 0.03 2.88 2.25

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 Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor Harfang Explor* Harmony Gold* Harvest Gold Harvest Gold* 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 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*

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

491 460 50 190 318 355 3919 148 94 1103 123 415 17149 496 106 754 37 0 12 84 320 838 255 0 904 1212 212 368 0 518 419 278 1 1039 918 34 223 1376 2 0 0 307 151 15 152 363 0 25578 153 15 50 388 691 164 38163 331 240 78 5 1 0 0 0 135 80 84 23 0 0 131 3 137 1467 2236 3 5535 6671 248 52 40 254 0 1514 160

0.16 0.12 0.52 1.56 1.97 1.06 1.36 0.31 0.22 28.82 22.66 0.28 0.22 0.05 0.12 0.08 0.06 0.00 0.32 0.13 0.16 0.06 0.47 0.00 0.13 0.16 0.06 0.07 0.00 0.13 0.31 0.39 0.16 0.40 0.50 0.05 0.09 0.11 0.57 0.00 0.00 0.30 0.25 0.18 0.04 0.27 0.00 3.87 0.20 0.15 0.02 0.08 0.21 0.16 5.48 0.63 0.80 1.04 0.13 0.17 0.00 0.00 0.00 1.50 1.18 0.15 0.12 0.00 11.49 1.45 0.20 0.06 0.08 0.11 0.10 8.44 10.68 0.07 0.06 0.04 0.04 0.00 3.01 2.36

I-Minerals I-Minerals* IAMGOLD IAMGOLD* Iconic Mnls * Iconic Mnls Idaho Champion* Idaho Champion IEMR 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* Indiana Res* Indigo Expl Infield Min Infinite Ore Infinite Ore* Inflection Res Inomin Mines Intact Gold Integra Res Integra Res* Inter-Rock Mnl Interconnect Intercontinent* 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 Ivor Explor Jade Leader* Jade Leader Jaeger Res * Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals*

V 0 O 71 T 6526 N 33419 O 664 V 901 O 429 C 549 V 2 V 65 V 649 O 1 O 53 T 157 O 63 V 330 O 22 V 18 O 1219 V 486 O 154 O 5 V 123 V 29 V 527 O 88 C 466 V 1 V 0 V 1272 X 848 V 0 V 3 O 0 V 0 C 205 O 43 O 123 C 350 V 90 O 109 V 60 V 946 O 1432 V 31 O 29 O 200769 X 704 T 47 O 6 V 126 N 791 O 56 V 43 V 253 O 244 O 223 V 152 C 64 O 129 V 747 O 43 V 142 O 154 O 418 T 5649 C 10 O 40 V 12 O 1 V 1 T 600 O 172 V 121 O 57 V 6 O 50 V 49 O 0 V 21 V 47 V 554 O 1035 T 9274 O 509 V 809 V 0 O 19

0.00 0.02 3.72 2.92 0.14 0.18 0.07 0.10 0.03 0.17 0.50 15.06 3.14 3.95 0.12 0.16 0.31 0.38 0.01 0.08 0.07 0.04 0.08 0.06 0.19 0.13 0.13 0.11 0.00 2.59 2.09 0.00 0.08 0.00 0.00 0.07 0.06 2.37 3.00 0.04 0.05 0.05 0.12 0.10 0.14 0.13 0.01 0.79 1.02 0.18 0.22 49.28 0.13 0.16 0.09 0.05 0.32 0.41 1.28 1.02 3.99 1.18 1.50 0.15 9.22 11.69 0.38 0.06 0.07 0.02 0.03 4.33 3.40 0.29 0.23 0.08 0.03 0.05 0.00 0.48 0.72 0.60 0.50 1.76 0.03 0.07 0.00 0.24

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

12-month Change

High Low

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

0.01 0.01 0.02 0.07 0.06 0.03 0.04 0.01 0.01 0.44 0.37 0.04 0.03 0.01 0.00 0.01 0.00 0.00 0.05 0.01 0.01 0.00 0.05 0.00 0.02 0.02 0.01 0.01 0.00 0.01 0.02 0.02 0.01 0.04 0.06 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.00 0.22 0.01 0.01 0.01 0.00 0.02 0.01 0.54 0.07 0.11 0.02 0.02 0.00 0.00 0.00 0.00 0.11 0.10 0.00 0.01 0.00 0.24 0.02 0.03 0.01 0.01 0.01 0.00 0.69 0.85 0.00 0.00 0.00 0.01 0.00 0.22 0.18

0.29 0.24 1.20 2.00 2.54 1.51 1.84 2.86 0.84 29.26 24.02 1.41 1.16 0.17 0.72 0.08 0.07 0.12 1.81 0.26 0.35 0.18 0.77 1.98 0.27 0.34 0.07 0.08 0.17 0.18 0.42 0.51 0.50 0.70 0.74 0.20 0.25 0.32 0.75 0.20 0.16 0.62 0.49 0.54 0.13 0.62 0.39 5.76 0.24 0.19 0.05 0.20 0.65 0.27 9.44 1.47 1.81 2.32 0.52 0.67 0.11 0.03 0.35 2.08 1.65 0.17 0.13 0.47 19.00 3.33 0.21 0.20 0.18 0.18 0.15 9.60 11.62 0.28 0.23 0.23 0.13 0.04 3.54 2.86

0.14 0.10 0.27 0.70 0.89 0.64 0.81 0.20 0.21 12.80 10.08 0.24 0.16 0.03 0.09 0.05 0.04 0.05 0.26 0.10 0.06 0.04 0.30 0.15 0.07 0.09 0.02 0.03 0.14 0.09 0.22 0.27 0.15 0.24 0.32 0.05 0.03 0.04 0.55 0.10 0.03 0.22 0.16 0.15 0.03 0.21 0.18 3.00 0.10 0.00 0.01 0.06 0.14 0.11 4.50 0.48 0.62 0.50 0.13 0.16 0.03 0.01 0.20 0.98 0.79 0.07 0.06 0.18 4.72 1.31 0.04 0.04 0.06 0.10 0.05 5.22 6.70 0.06 0.04 0.02 0.04 0.03 2.26 1.88

0.00 0.03 unch 0.02 0.02 3.24 3.68 + 2.54 2.88 + 0.12 0.14 + 0.15 0.18 + 0.06 0.06 0.07 0.08 0.00 0.03 unch 0.00 0.17 + 0.44 0.48 + 14.60 15.06 + 2.48 3.08 + 3.13 3.92 + 0.11 0.11 0.14 0.14 0.26 0.28 0.33 0.36 + 0.01 0.01 + 0.00 0.08 unch 0.00 0.06 0.04 0.04 unch 0.00 0.07 0.00 0.06 unch 0.16 0.16 0.12 0.12 0.10 0.12 + 0.00 0.11 + 0.00 0.04 unch 2.13 2.21 1.66 1.72 0.00 0.51 unch 0.00 0.08 unch 0.00 0.06 unch 0.00 0.10 unch 0.05 0.06 unch 0.04 0.04 2.25 2.37 unch 2.00 2.82 + 0.00 0.04 unch 0.03 0.04 0.00 0.05 0.11 0.12 0.08 0.09 + 0.00 0.14 + 0.09 0.11 0.01 0.01 + 0.69 0.79 + 0.87 1.02 + 0.16 0.17 + 0.18 0.18 42.70 45.75 + 0.13 0.13 unch 0.00 0.16 + 0.00 0.07 0.04 0.05 0.29 0.30 0.37 0.39 1.10 1.28 + 0.85 1.02 + 3.44 3.68 + 0.00 1.15 + 1.41 1.45 + 0.13 0.14 + 8.27 9.04 + 10.88 11.48 + 0.38 0.38 unch 0.00 0.06 unch 0.00 0.07 unch 0.02 0.02 unch 0.00 0.03 + 3.88 4.29 + 3.06 3.40 + 0.27 0.29 + 0.19 0.23 + 0.00 0.08 0.03 0.03 unch 0.04 0.05 unch 0.00 0.46 unch 0.00 0.48 0.00 0.72 + 0.55 0.58 + 0.43 0.45 + 1.58 1.72 + 0.01 0.01 0.06 0.07 unch 0.00 0.87 unch 0.23 0.24 +

0.00 0.00 0.44 0.35 0.01 0.03 0.00 0.01 0.00 0.01 0.05 0.46 0.48 0.62 0.01 0.01 0.00 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.02 0.01 0.01 0.00 0.31 0.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.08 0.10 0.01 0.05 1.40 0.00 0.01 0.01 0.00 0.00 0.01 0.13 0.05 0.06 0.05 0.04 0.01 0.33 0.36 0.00 0.00 0.00 0.00 0.01 0.38 0.33 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.02 0.02 0.01 0.13 0.00 0.00 0.00 0.01

0.06 0.05 4.62 3.85 0.30 0.37 0.20 0.23 0.05 0.85 1.02 21.00 4.92 5.95 0.20 0.23 0.46 0.50 0.05 0.19 0.15 0.07 0.11 0.42 0.28 0.21 0.43 0.23 0.12 4.46 3.53 0.51 0.10 0.20 0.24 0.34 0.27

0.03 0.02 2.75 2.16 0.10 0.13 0.04 0.04 0.03 0.15 0.42 10.38 2.27 2.95 0.09 0.11 0.16 0.29 0.00 0.05 0.04 0.04 0.06 0.04 0.06 0.04 0.10 0.08 0.03 2.13 1.69 0.37 0.08 0.06 0.10 0.05 0.04

5.13 0.12 0.13 0.16 0.16 0.13 0.25 0.40 0.02 1.43 1.78 0.24 0.33 52.91 0.22 0.28 0.09 0.05 0.79 0.67 2.59 2.00 6.61 1.55 1.90 0.35 10.27 12.39 0.40 0.07 0.11 0.04 0.06 10.94 9.30 0.47 0.33 0.21 0.08 0.10 0.83 1.05 0.99 0.68 0.59 1.76 0.14 0.17 0.87 0.32

0.38 0.03 0.03 0.04 0.05 0.03 0.10 0.08 0.00 0.62 0.79 0.08 0.10 22.82 0.11 0.13 0.03 0.01 0.26 0.32 0.92 0.72 1.95 0.88 0.46 0.02 4.96 6.27 0.30 0.03 0.05 0.01 0.02 3.70 2.79 0.25 0.19 0.07 0.03 0.04 0.20 0.33 0.24 0.36 0.25 0.65 0.01 0.03 0.59 0.19

I-J-K

(100s) Stock

Exc Volume

Week High

Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* 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 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 O V O T O V V V V C T V O O O V V V V O V V O O V O V O V O V V V T N V V O T N V O O V O O V O V C V O O C O C O

163 775 1 113 388 2735 282 31 32 62 1347 46 222 1 784 33308 0 155 60 30 122 164 389 0 2 9 45 25 213 247 633 1250 141 1 0 23858 87290 338 1128 2 22012 10399 205 40 88 169 259 9 1270 1048 3623 38 144 415 133 205 119 1388 132

0.13 0.18 1.00 0.20 0.14 7.37 5.77 0.20 0.49 0.20 1.05 0.59 0.45 0.37 4.24 0.00 0.00 0.12 0.76 0.03 0.08 0.07 0.08 0.00 0.09 0.10 0.13 0.04 0.05 0.20 0.25 0.03 0.04 0.10 0.00 7.37 5.79 0.19 1.10 0.69 50.66 39.52 0.18 0.14 0.05 0.06 1.23 0.27 0.36 0.18 0.19 0.02 0.42 0.33 0.72 1.10 0.89 0.04 0.03

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 Leo Res* 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* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes Los Andes* Lovitt Res Lovitt Res* Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lynas Corp* Lynas Corp*

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

25 435 339 67 150 2152 3279 33 2251 1035 508 653 88 367 71 263 377 25 214 115 21943 529 0 481 455 100 375 3 114 285 658 861 0 0 206 0 3 598 435 3737 13343 6659 1320 910 77 166 329 3028 4846 0 358 157 25 398 79 30 12 18 212 507 100 3912 25 37 122 2171 466 694 497 11060 120 63 408 789

0.04 0.68 0.88 0.11 35.30 45.09 0.70 0.53 0.72 0.01 10.56 13.40 0.06 0.10 0.11 0.15 1.01 0.79 0.59 0.46 3.04 0.17 0.00 0.40 0.31 0.14 0.13 0.10 2.18 0.41 0.52 0.83 0.00 0.00 0.26 0.00 0.11 1.19 0.99 37.79 29.86 1.21 0.95 0.24 0.21 0.25 0.61 0.12 0.15 0.00 0.08 0.07 0.46 0.61 0.11 15.15 11.64 0.13 0.12 0.65 0.06 0.07 0.31 0.39 0.42 0.55 0.42 10.00 9.78 12.38 0.03 0.04 6.97 6.95

Macarthur Min* Macarthur Min MacDonald Mns* MacDonald Mns Madeira Mrnls 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* Manning Vent Mantaro Prec Mantaro Prec* Maple Gold*

O V O V V 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 O C V O O

267 387 6 481 0 0 1046 2 571 210 189 20 174 303 1255 1865 12 699 269 153 788 964 1 92 75 63 222 214 56 301 70 0 322 236 127 1767

0.27 0.35 0.03 0.05 0.00 0.00 19.80 0.33 0.77 0.62 0.41 0.11 0.13 0.06 0.05 0.08 0.31 0.11 0.09 0.34 0.28 0.36 0.10 0.09 2.57 2.02 0.27 0.34 0.08 0.06 0.05 0.00 0.10 0.16 0.13 0.30

Low

Last

12-month Change

0.11 0.13 + 0.15 0.17 + 0.00 1.00 unch 0.18 0.19 0.10 0.14 + 6.66 7.32 + 5.15 5.75 + 0.00 0.20 + 0.00 0.48 0.00 0.19 0.79 0.81 0.47 0.50 + 0.32 0.38 + 0.00 0.37 + 3.39 4.24 + 0.00 0.00 + 0.00 0.10 unch 0.00 0.11 0.00 0.74 + 0.00 0.03 unch 0.00 0.08 unch 0.07 0.07 0.08 0.08 0.00 0.14 unch 0.07 0.09 unch 0.08 0.08 0.11 0.11 0.04 0.04 unch 0.00 0.05 0.18 0.19 + 0.22 0.25 + 0.03 0.03 + 0.00 0.04 0.00 0.10 unch 0.00 0.11 unch 6.90 7.31 + 5.41 5.71 + 0.17 0.18 0.80 0.86 + 0.00 0.69 + 48.68 49.71 + 38.30 38.92 + 0.16 0.16 unch 0.12 0.14 + 0.04 0.04 + 0.05 0.06 + 1.11 1.21 + 0.25 0.25 0.30 0.31 0.12 0.13 0.16 0.17 0.00 0.02 0.36 0.41 + 0.29 0.32 + 0.65 0.68 0.95 1.09 + 0.77 0.86 + 0.04 0.04 unch 0.03 0.03 -

High Low

0.01 0.01 0.00 0.01 0.02 0.70 0.56 0.02 0.02 0.01 0.04 0.05 0.06 0.01 0.90 0.00 0.00 0.01 0.03 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.02 0.00 0.01 0.01 0.02 0.00 0.01 0.00 0.00 0.39 0.31 0.01 0.04 0.05 0.96 0.71 0.00 0.01 0.00 0.01 0.10 0.02 0.04 0.04 0.02 0.01 0.05 0.04 0.02 0.08 0.07 0.00 0.00

0.41 0.52 2.10 0.52 0.66 9.36 7.60 0.40 0.85 0.59 1.95 0.75 0.45 0.94 4.24 0.02 0.32 0.45 1.50 0.06 0.26 0.21 0.24 0.50 0.44 0.56 0.35 0.09 0.12 2.38 0.80 0.18 0.24 0.21 0.24 10.06 8.34 0.24 0.94 2.40 58.43 46.98 0.27 0.22 0.13 0.16 1.94 0.48 0.61 0.35 0.43 0.14 1.22 0.99 4.09 2.80 2.27 0.05 0.04

0.11 0.15 0.31 0.16 0.10 5.75 4.42 0.15 0.30 0.18 0.70 0.10 0.12 0.36 2.25 0.00 0.06 0.11 0.65 0.02 0.08 0.06 0.06 0.10 0.01 0.08 0.11 0.03 0.04 0.15 0.20 0.03 0.04 0.06 0.11 6.35 4.90 0.09 0.07 0.08 40.07 31.72 0.14 0.11 0.00 0.05 0.80 0.10 0.23 0.10 0.16 0.02 0.33 0.26 0.32 0.76 0.60 0.02 0.00

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

0.00 0.00 0.00 0.00 2.59 3.23 0.01 0.01 0.04 0.00 2.18 2.73 0.00 0.02 0.00 0.05 0.02 0.06 0.04 0.02 0.11 0.01 0.00 0.04 0.05 0.00 0.02 0.01 0.01 0.01 0.02 0.10 0.00 0.00 0.01 0.00 0.02 0.05 0.04 1.86 1.49 0.24 0.18 0.00 0.00 0.00 0.03 0.02 0.04 0.00 0.00 0.00 0.05 0.06 0.02 2.05 1.01 0.02 0.00 0.03 0.00 0.00 0.03 0.04 0.01 0.00 0.04 0.28 0.78 1.01 0.01 0.01 0.18 0.26

0.10 1.50 1.85 0.50 42.40 50.45 0.86 0.85 1.12 0.09 18.71 22.96 0.18 0.23 0.18 0.24 1.07 0.83 0.72 0.57 7.25 0.34 0.36 1.00 1.47 0.16 0.99 0.65 3.75 0.73 0.89 1.50 0.90 1.02 0.41 0.12 0.25 1.65 1.35 53.09 41.56 1.21 0.95 1.22 0.41 0.32 0.92 0.12 0.15 0.37 0.28 0.22 0.97 1.16 4.20 14.50 11.64 0.60 0.27 1.00 0.54 0.15 0.80 0.80 0.71 0.90 0.94 12.93 13.11 16.07 0.07 0.08 8.35 8.43

0.04 0.24 0.30 0.02 26.61 33.33 0.16 0.48 0.37 0.00 7.39 9.39 0.06 0.08 0.10 0.10 0.18 0.14 0.19 0.15 1.91 0.15 0.00 0.31 0.22 0.12 0.12 0.09 0.76 0.27 0.34 0.66 0.33 0.22 0.17 0.05 0.09 0.97 0.77 14.46 11.84 0.26 0.21 0.20 0.01 0.08 0.29 0.06 0.06 0.19 0.07 0.05 0.43 0.53 0.07 5.90 4.39 0.13 0.10 0.50 0.05 0.06 0.23 0.30 0.39 0.50 0.35 8.82 6.66 8.56 0.00 0.03 3.90 3.90

0.24 0.27 0.00 0.35 unch 0.00 0.03 + 0.04 0.04 unch 0.00 0.03 unch 0.00 0.07 unch 17.69 19.63 + 0.28 0.33 unch 0.00 0.74 0.57 0.59 0.39 0.39 0.09 0.10 + 0.00 0.13 + 0.00 0.05 + 0.00 0.05 + 0.07 0.08 + 0.11 0.11 unch 0.07 0.07 0.06 0.06 0.30 0.33 + 0.25 0.26 0.33 0.34 + 0.01 0.01 0.00 0.09 2.35 2.47 + 1.86 1.92 + 0.24 0.25 0.31 0.32 0.00 0.08 unch 0.06 0.06 0.05 0.05 + 0.00 0.08 unch 0.09 0.10 + 0.14 0.15 + 0.11 0.12 + 0.23 0.29 +

0.01 0.00 0.00 0.00 0.00 0.00 2.06 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.04 0.03 0.02 0.00 0.01 0.09 0.01 0.16 0.08 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.05

0.54 0.68 0.06 0.08 0.03 0.15 29.28 1.40 1.13 1.12 0.65 0.16 0.20 0.18 0.07 0.07 2.00 0.63 0.55 1.75 0.39 0.44 0.39 0.21 3.68 3.00 0.82 1.04 0.10 0.13 0.10 0.11 0.55 0.57 0.50 0.42

0.22 0.28 0.02 0.03 0.03 0.06 16.74 0.28 0.70 0.55 0.30 0.09 0.10 0.05 0.03 0.05 0.01 0.07 0.05 0.28 0.22 0.29 0.00 0.08 1.82 1.43 0.18 0.22 0.06 0.05 0.04 0.08 0.07 0.13 0.09 0.18

L 0.04 0.63 0.78 0.07 32.41 41.05 0.60 0.49 0.56 0.00 8.25 10.47 0.06 0.09 0.11 0.13 0.93 0.73 0.52 0.42 2.57 0.16 0.00 0.00 0.22 0.12 0.00 0.09 2.02 0.38 0.48 0.70 0.00 0.00 0.23 0.00 0.00 1.06 0.85 32.99 26.26 0.88 0.70 0.21 0.18 0.23 0.51 0.09 0.10 0.00 0.07 0.05 0.43 0.53 0.07 13.00 10.39 0.00 0.10 0.59 0.05 0.06 0.23 0.00 0.40 0.50 0.35 9.25 8.46 10.74 0.00 0.00 6.29 6.32

0.04 0.67 0.86 0.10 34.76 44.24 0.63 0.52 0.64 0.01 10.41 13.22 0.06 0.10 0.11 0.15 0.98 0.73 0.59 0.46 2.66 0.17 0.03 0.38 0.31 0.12 0.12 0.09 2.10 0.38 0.49 0.80 0.40 0.32 0.25 0.05 0.11 1.14 0.89 35.45 27.82 0.89 0.70 0.22 0.18 0.23 0.52 0.11 0.14 0.30 0.07 0.06 0.43 0.55 0.08 15.15 11.40 0.13 0.10 0.63 0.06 0.07 0.31 0.39 0.41 0.52 0.38 9.80 9.36 11.94 0.03 0.04 6.53 6.56

WWW.NORTHERNMINER.COM

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

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

Exc Volume

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 * Metal Energy MetalCorp Metalex Vent * Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* 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 Monitor Vent* Montage Gold Montage Gold* Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Min Morien Res* Morien Res Mosaic* Mosaic Min Mount Gibson * Mountain Boy* Mountain Boy Mountain Prov Mountain Prov* MPV Explor Mundoro Cap Mundoro Cap* Murchison Min* Murchison Min Musk Metals Musk Metals*

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

1038 259 1439 14 4 48 2158 0 3379 157 46 1027 1 138 157 225 270 5 18 229 986 254 404 2284 180 102 0 68 738 0 2 557 7508 151 26 1432 261 671 1277 2053 44 405 3678 0 3918 970 870 647 552 255 45 43 525 33 630 51 22 116 1185 468 78 625 315 342 3 35 0 75 166 418 125 331 81 0 132 738 90 57 0 0 51 0 390 1038 114 269 487 10 271 435 16 42 3670 4209 66 803 0 324 308 2 182 581 43 151 40 220 1108 2 14 27 238 394 188 426 385 54 6 13 3 462 77 122 14 144 141 284 20 81 144 452 38585 46 78 64 75 544 683 664 221 51 361 1995 674 149

NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Navis Res Corp* NEO Battery NEO Battery* 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 O V O O O T O V O V C V V O

78 73 170 158 11 1532 305 14 312 16 3 272 1681 450 621 1341 1205 141 458 105 64

Week High

Low

Last

12-month Change

0.38 0.30 0.36 + 2.28 2.10 2.25 + 2.89 2.65 2.85 + 0.27 0.00 0.27 + 3.08 2.90 3.08 + 4.00 3.66 3.86 + 0.14 0.12 0.13 + 0.00 0.00 0.07 unch 399.51 365.45 379.13 + 0.10 0.07 0.08 0.11 0.00 0.10 0.11 0.10 0.10 unch 2.52 2.15 2.30 + 0.08 0.00 0.08 0.08 0.08 0.08 unch 0.48 0.42 0.44 0.61 0.54 0.56 0.17 0.00 0.17 0.40 0.00 0.40 5.77 5.21 5.66 + 4.54 4.10 4.46 + 0.11 0.10 0.11 + 0.14 0.13 0.14 unch 0.31 0.24 0.29 + 0.08 0.00 0.07 unch 0.06 0.05 0.05 0.00 0.00 0.06 unch 0.81 0.75 0.79 + 1.09 0.95 1.02 + 0.00 0.00 0.13 unch 0.73 0.00 0.73 unch 1.14 1.04 1.12 + 0.90 0.82 0.89 + 0.05 0.05 0.05 0.31 0.28 0.30 + 3.89 3.14 3.62 + 0.13 0.11 0.12 + 0.10 0.08 0.10 + 0.80 0.66 0.72 0.66 0.51 0.57 0.01 0.01 0.01 unch 0.02 0.02 0.02 unch 0.00 0.00 0.00 0.00 0.00 0.16 unch 0.33 0.29 0.31 + 0.26 0.22 0.24 + 0.23 0.19 0.20 0.19 0.15 0.16 0.03 0.03 0.03 + 0.05 0.04 0.04 0.25 0.25 0.25 unch 0.35 0.30 0.30 1.05 0.95 0.98 0.83 0.75 0.79 + 0.16 0.14 0.15 0.04 0.00 0.04 unch 0.03 0.03 0.03 unch 0.04 0.00 0.04 unch 0.37 0.32 0.36 + 0.29 0.25 0.28 + 0.09 0.00 0.08 0.11 0.09 0.10 0.02 0.02 0.02 unch 0.22 0.20 0.21 + 0.07 0.00 0.07 0.19 0.17 0.19 + 0.00 0.00 2.25 unch 0.13 0.11 0.12 0.16 0.14 0.15 0.46 0.39 0.45 + 0.30 0.00 0.29 + 0.04 0.03 0.03 0.05 0.00 0.05 unch 0.00 0.00 0.10 unch 0.51 0.48 0.50 + 0.44 0.36 0.39 + 0.22 0.19 0.20 + 0.26 0.00 0.26 + 0.00 0.00 0.50 unch 0.00 0.00 0.05 unch 3.14 2.69 3.14 unch 0.00 0.00 4.04 unch 0.35 0.32 0.33 + 0.44 0.41 0.42 + 0.01 0.00 0.01 0.05 0.04 0.04 0.06 0.00 0.05 0.11 0.00 0.11 unch 0.29 0.26 0.29 + 0.22 0.20 0.22 + 0.26 0.26 0.26 + 0.34 0.00 0.34 + 0.42 0.37 0.41 + 0.53 0.50 0.52 + 0.06 0.06 0.06 unch 0.09 0.08 0.08 0.00 0.00 0.26 unch 0.12 0.10 0.11 + 0.10 0.08 0.09 + 41.00 0.00 39.00 0.07 0.06 0.06 0.09 0.08 0.08 0.32 0.00 0.32 0.14 0.11 0.11 0.24 0.00 0.24 unch 0.53 0.49 0.49 0.08 0.07 0.08 unch 0.46 0.00 0.46 + 0.08 0.00 0.07 0.10 0.00 0.09 unch 0.03 0.03 0.03 + 0.04 0.03 0.04 unch 0.58 0.50 0.57 + 0.73 0.67 0.73 + 2.13 1.94 2.02 + 1.68 1.55 1.58 + 0.25 0.00 0.25 + 0.13 0.00 0.13 unch 0.10 0.00 0.10 + 0.69 0.60 0.69 + 0.53 0.48 0.51 0.02 0.02 0.02 unch 0.72 0.63 0.65 0.11 0.07 0.07 0.09 0.00 0.09 + 0.11 0.11 0.11 + 0.09 0.08 0.09 + 0.35 0.27 0.27 0.19 0.16 0.19 + 0.25 0.00 0.25 + 47.55 43.15 46.87 + 0.12 0.00 0.11 0.00 0.00 0.32 unch 0.14 0.14 0.14 0.18 0.17 0.17 unch 0.77 0.69 0.75 + 0.60 0.54 0.58 + 0.26 0.20 0.21 0.19 0.17 0.17 0.14 0.13 0.13 0.11 0.10 0.11 + 0.15 0.13 0.13 unch 0.07 0.06 0.07 unch 0.06 0.04 0.05 -

High Low

0.06 0.49 0.24 0.14 3.00 1.68 0.17 3.73 2.13 0.01 1.30 0.18 0.18 4.55 2.66 0.20 5.85 3.24 0.01 0.24 0.12 0.00 0.07 0.07 7.08 446.46 305.38 0.00 0.20 0.04 0.01 0.22 0.06 0.00 0.19 0.09 0.15 3.45 1.10 0.01 0.25 0.06 0.00 0.12 0.02 0.01 0.94 0.32 0.04 1.19 0.40 0.03 0.27 0.16 0.05 2.55 0.29 0.43 7.70 5.04 0.38 6.40 3.91 0.01 0.27 0.10 0.00 0.33 0.13 0.03 0.32 0.14 0.00 0.40 0.07 0.01 0.30 0.04 0.00 1.26 0.01 0.08 1.63 0.40 0.07 2.15 0.49 0.00 0.20 0.08 0.00 1.45 0.57 0.05 2.07 1.03 0.04 1.71 0.80 0.01 0.10 0.04 0.02 2.00 0.21 0.52 5.19 1.58 0.02 0.75 0.08 0.02 0.59 0.06 0.06 1.43 0.45 0.04 1.81 0.32 0.00 0.06 0.01 0.00 0.08 0.02 0.00 0.01 0.00 0.00 0.28 0.12 0.01 0.42 0.17 0.00 0.34 0.13 0.02 0.55 0.08 0.01 0.44 0.07 0.00 0.09 0.02 0.01 0.11 0.03 0.00 0.62 0.20 0.04 0.82 0.24 0.02 1.34 0.20 0.05 1.08 0.20 0.01 0.25 0.10 0.00 0.07 0.03 0.00 0.09 0.02 0.00 0.11 0.02 0.01 0.88 0.32 0.01 0.71 0.25 0.01 0.45 0.07 0.01 0.57 0.09 0.00 0.04 0.02 0.01 0.57 0.20 0.01 0.20 0.07 0.02 0.69 0.12 0.00 3.33 2.15 0.00 0.20 0.08 0.01 0.23 0.10 0.05 0.46 0.15 0.01 0.59 0.19 0.00 0.13 0.02 0.00 0.16 0.04 0.00 0.15 0.08 0.01 0.99 0.46 0.04 0.71 0.25 0.00 0.40 0.00 0.01 0.42 0.23 0.00 0.60 0.40 0.00 0.05 0.05 0.00 4.06 1.93 0.00 4.83 2.45 0.01 0.94 0.27 0.01 0.74 0.30 0.01 0.04 0.01 0.00 0.10 0.04 0.01 0.14 0.05 0.00 0.14 0.07 0.02 0.53 0.23 0.02 0.46 0.17 0.00 0.52 0.24 0.02 0.58 0.30 0.01 0.63 0.37 0.02 0.73 0.48 0.00 0.13 0.01 0.01 0.16 0.07 0.00 0.30 0.13 0.01 0.27 0.10 0.00 0.22 0.08 2.00 48.27 27.13 0.01 0.08 0.04 0.01 0.11 0.05 0.03 0.48 0.16 0.03 0.43 0.11 0.00 0.37 0.04 0.04 0.69 0.31 0.00 0.23 0.06 0.02 0.70 0.29 0.00 0.12 0.07 0.00 0.15 0.09 0.00 0.13 0.03 0.00 0.16 0.03 0.04 0.90 0.49 0.07 1.10 0.62 0.02 2.61 1.55 0.01 1.85 1.25 0.05 0.63 0.19 0.00 0.36 0.10 0.01 0.29 0.07 0.05 1.02 0.58 0.00 0.85 0.45 0.00 0.05 0.02 0.05 2.40 0.21 0.00 0.86 0.01 0.01 0.84 0.07 0.01 0.21 0.10 0.01 0.16 0.01 0.08 0.79 0.27 0.02 0.51 0.11 0.03 0.64 0.16 3.04 47.55 26.77 0.01 0.19 0.08 0.00 0.65 0.32 0.00 0.38 0.11 0.00 0.48 0.15 0.04 0.88 0.40 0.04 0.69 0.32 0.05 1.09 0.20 0.01 0.35 0.16 0.01 0.27 0.12 0.01 0.15 0.05 0.00 0.17 0.06 0.00 0.17 0.05 0.01 0.12 0.00

N-O 32.55 0.24 0.21 39.61 0.50 0.37 0.30 1.07 0.25 0.20 1.07 0.59 0.75 0.06 0.07 0.34 0.40 0.37 0.34 0.07 0.06

30.20 30.60 0.22 0.23 0.17 0.17 36.82 38.13 0.41 0.47 0.33 0.36 0.27 0.28 1.01 1.02 0.20 0.20 0.17 0.19 1.00 1.00 0.52 0.56 0.67 0.72 0.05 0.05 0.06 0.06 0.26 0.31 0.33 0.38 0.34 0.34 0.28 0.33 0.00 0.06 0.05 0.05

+ + + + + + + + + -

0.76 0.01 0.01 0.44 0.06 0.03 0.02 0.01 0.05 0.00 0.07 0.01 0.03 0.00 0.01 0.03 0.03 0.01 0.05 0.01 0.00

44.00 0.43 0.40 39.64 3.70 1.31 1.21 1.31 1.68 1.35 1.07 0.99 3.15 0.17 0.22 1.50 0.84 0.78 0.60 0.18 0.15

20.05 0.21 0.15 14.22 0.38 0.14 0.11 0.25 0.19 0.15 0.32 0.39 0.49 0.05 0.06 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 Energy Met* New Energy Met New Found Gold New Gold New Gold* 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* Neworigin Gold Newport Expl NewRange Gold* NewRange Gold Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold Nfld Discovery Nfld Discovery* NGEx Minerals NGEx Minerals* Nickel 28 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* Optimum Vent Optimus 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 Original Sixtn* Orla Mining Oroco Res* Oroco Res

V 177 V 0 O 110 V 994 O 186 V 611 V 0 O 3 V 0 V 783 T 11251 X 49162 T 407 X 714 V 672 O 321 V 879 V 0 O 3 C 380 O 13 V 288 O 212 T 15 O 25 C 1120 V 0 T 1153 N 38760 O 5 V 533 V 1530 O 187 V 246 N 970 T 10212 X 8586 T 942 O 119 V 2668 C 87 O 41 V 537 O 23 V 105 O 47 O 167 T 812 V 32 V 855 O 820 V 1096 O 31 O 47 T 116 V 109 V 160 T 545 O 460 V 205 O 3 V 1458 O 250 V 170 V 1373 O 213 O 16 O 518 V 957 O 945 O 103 V 748 V 1035 V 10 V 0 V 85 O 200 C 1565 O 25 V 15 V 1319 O 552 O 302 V 162 O 114726 O 359 V 459 T 323 C 2421 O 1067 V 278 O 238 V 945 C 144 O 16 O 117 V 2022 V 267 T 1437 O 222 V 248 N 329 T 631 X 7595 T 1653 V 505 O 290 V 0 O 34 V 997 V 195 O 92 V 46 C 161 C 103 T 421 X 10937 O 0 V 11 C 421 O 24 V 3064 O 2949 N 14629 T 6245 O 89 V 111 V 265 V 160 O 4 T 14189 V 194 O 382 V 951 V 0 O 19 V 0 V 259 O 66 O 254 V 499 O 456 C 2925 V 410 O 52 V 2169 O 1117 O 68 V 294 V 0 V 476 O 234 V 953 V 0 T 916 O 1605 V 1438 V 81 O 88 V 165 O 116 T 551 V 113 C 79 O 214 T 2693 O 741 V 862

(100s) Stock

Week

12-month

High

Low

Last

Change

0.07 0.00 0.55 0.59 0.09 0.11 0.00 0.07 0.00 8.24 2.42 1.90 4.01 3.15 0.11 0.09 0.68 0.00 0.05 0.05 2.76 0.53 0.40 22.24 16.98 0.24 0.00 81.91 64.28 0.07 0.11 0.51 0.06 0.08 9.23 6.05 4.79 4.48 0.02 0.03 0.35 0.28 2.11 1.64 1.22 0.96 0.06 0.08 0.04 0.13 0.10 0.09 0.07 0.57 0.73 0.38 0.17 1.06 0.87 0.03 0.02 0.38 0.30 0.01 0.13 0.10 0.31 0.72 0.92 30.76 0.84 1.08 0.07 0.14 0.00 0.19 0.73 0.93 0.02 0.02 0.63 0.49 0.10 0.12 0.00 2.45 3.14 0.04 0.03 0.03 0.04 0.41 0.53 0.20 0.15 0.58 0.73 0.08 0.05 0.03 9.84 7.76 8.65 6.79 1.15 0.85 0.67 0.00 0.12 0.05 0.76 0.59 0.40 0.09 0.06 0.44 0.35 0.15 0.19 0.02 0.01 0.04 0.03 77.92 98.46 0.10 0.13 0.06 2.48 1.55 2.12 0.12 0.54 0.66 0.00 0.05 0.00 0.12 0.09 0.15 0.20 0.07 0.09 0.44 0.34 0.13 0.10 0.46 0.58 0.00 0.05 0.39 0.49 0.00 0.12 0.10 0.06 0.08 0.07 0.09 0.99 1.28 0.17 0.24 1.02 4.80 1.61 2.04

0.00 0.00 0.37 0.46 0.07 0.10 0.00 0.07 0.00 7.54 2.01 1.57 3.42 2.70 0.09 0.07 0.60 0.00 0.05 0.00 2.62 0.45 0.35 20.29 15.81 0.20 0.00 76.78 60.31 0.07 0.00 0.47 0.05 0.00 7.81 5.16 4.06 3.73 0.01 0.03 0.34 0.26 1.70 1.42 1.18 0.90 0.06 0.07 0.00 0.10 0.08 0.08 0.06 0.00 0.69 0.35 0.00 0.99 0.78 0.00 0.02 0.29 0.22 0.00 0.12 0.09 0.31 0.65 0.83 27.72 0.84 1.06 0.06 0.00 0.00 0.00 0.56 0.71 0.02 0.00 0.53 0.41 0.09 0.11 0.00 1.93 2.39 0.00 0.03 0.02 0.03 0.34 0.44 0.18 0.00 0.49 0.62 0.07 0.04 0.03 8.80 6.92 7.94 6.25 1.00 0.79 0.59 0.00 0.00 0.04 0.71 0.56 0.00 0.07 0.05 0.38 0.29 0.15 0.00 0.02 0.01 0.03 0.03 71.41 90.64 0.00 0.12 0.05 2.24 1.48 1.92 0.00 0.49 0.62 0.00 0.04 0.00 0.11 0.00 0.12 0.15 0.04 0.05 0.34 0.27 0.09 0.00 0.44 0.50 0.00 0.05 0.37 0.47 0.00 0.11 0.08 0.05 0.00 0.06 0.00 0.85 1.12 0.00 0.20 0.00 4.13 1.49 1.87

0.07 0.11 unch 0.40 + 0.58 + 0.08 + 0.11 + 0.05 unch 0.07 unch 0.09 unch 8.05 + 2.40 + 1.86 + 3.87 + 3.09 + 0.10 + 0.08 + 0.66 + 0.15 unch 0.05 unch 0.05 unch 2.69 + 0.52 + 0.39 + 21.50 + 16.86 + 0.21 0.29 unch 81.25 + 63.86 + 0.07 unch 0.09 0.48 0.06 0.08 + 8.79 + 5.87 + 4.59 + 4.40 + 0.02 0.03 + 0.35 unch 0.26 2.05 + 1.64 + 1.19 + 0.92 0.06 0.07 0.04 unch 0.12 unch 0.09 0.08 + 0.07 + 0.56 0.69 0.36 0.15 0.99 0.78 0.02 unch 0.02 unch 0.32 + 0.26 + 0.01 unch 0.12 + 0.09 0.31 + 0.68 + 0.85 + 28.02 0.84 + 1.07 unch 0.06 unch 0.14 0.05 unch 0.17 0.69 + 0.86 + 0.02 unch 0.02 + 0.63 + 0.49 + 0.10 + 0.12 + 0.00 unch 2.38 + 3.04 + 0.04 unch 0.03 + 0.03 + 0.04 unch 0.40 + 0.50 + 0.19 unch 0.15 0.57 + 0.70 + 0.08 unch 0.04 + 0.03 + 9.49 + 7.42 + 8.56 + 6.70 + 1.14 + 0.83 0.65 0.36 unch 0.12 0.05 unch 0.76 unch 0.59 + 0.40 unch 0.08 + 0.06 0.41 + 0.32 + 0.15 unch 0.19 + 0.02 unch 0.01 0.04 unch 0.03 76.28 + 97.21 + 0.09 + 0.13 unch 0.06 + 2.48 + 1.54 2.09 + 0.11 + 0.49 0.63 0.04 unch 0.05 unch 0.07 unch 0.11 + 0.09 + 0.13 + 0.17 + 0.06 + 0.08 + 0.34 0.27 0.10 0.08 0.44 + 0.58 + 0.17 unch 0.05 0.39 0.49 + 0.20 unch 0.12 unch 0.09 + 0.06 unch 0.07 0.07 + 0.09 + 0.99 + 1.25 + 0.14 0.20 1.00 4.72 + 1.59 + 2.02 +

0.01 0.00 0.05 0.09 0.00 0.01 0.00 0.00 0.00 0.45 0.39 0.28 0.49 0.44 0.02 0.02 0.07 0.00 0.00 0.00 0.07 0.06 0.01 1.18 0.85 0.01 0.00 3.50 2.93 0.00 0.01 0.03 0.00 0.01 0.58 0.65 0.48 0.75 0.00 0.01 0.00 0.01 0.21 0.22 0.02 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.00 0.05 0.05 0.26 0.01 0.00 0.00 0.01 0.00 0.02 0.15 0.18 0.00 0.01 0.08 0.06 0.00 0.01 0.00 0.55 0.70 0.00 0.01 0.01 0.00 0.05 0.07 0.00 0.00 0.06 0.05 0.00 0.01 0.00 0.51 0.39 0.61 0.48 0.12 0.01 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.03 0.02 0.00 0.01 0.00 0.00 0.00 0.00 3.87 4.83 0.00 0.00 0.01 0.24 0.01 0.12 0.01 0.01 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.03 0.05 0.04 0.04 0.01 0.04 0.03 0.00 0.01 0.00 0.02 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.08 0.10 0.02 0.03 0.02 0.56 0.02 0.02

High Low 0.18 0.19 0.58 0.65 0.19 0.24 0.10 0.17 0.12 13.50 2.68 2.23 7.64 5.84 0.24 0.19 0.79 0.28 0.10 0.15 4.10 0.74 0.61 27.61 22.70 0.61 0.31 90.94 75.31 0.23 0.29 0.60 0.17 0.22 12.86 8.09 6.50 5.30 0.07 0.08 0.63 0.52 2.18 5.00 1.39 2.00 0.15 0.19 0.07 0.64 0.51 0.25 0.20 1.12 1.35 1.19 0.17 2.08 1.65 0.08 0.05 1.03 0.87 0.03 0.21 0.17 0.75 0.88 1.05 38.21 0.94 1.11 0.12 0.39 0.13 0.76 0.86 1.11 0.06 0.06 0.65 0.52 0.12 0.15 0.00 2.66 3.28 0.10 0.08 0.07 0.09 0.46 0.55 0.45 0.36 0.91 1.10 0.18 0.09 0.07 27.40 17.24 12.58 10.45 3.70 0.94 0.77 0.60 0.35 0.10 1.53 1.26 0.43 0.37 0.44 1.45 1.15 0.43 0.56 0.05 0.05 0.20 0.16 77.92 99.10 0.34 0.40 0.38 2.93 2.21 2.85 0.32 0.67 0.79 0.07 0.11 0.08 0.25 0.27 0.27 0.32 0.13 0.16 0.65 0.54 0.25 0.22 0.54 0.65 0.35 0.09 0.60 0.75 0.20 0.31 0.26 0.12 0.12 0.16 0.20 1.39 1.70 0.27 0.55 1.50 6.12 3.02 3.66

0.06 0.10 0.27 0.34 0.06 0.09 0.04 0.04 0.07 3.15 1.29 1.01 3.08 2.38 0.08 0.05 0.19 0.13 0.04 0.05 1.59 0.45 0.35 19.11 14.81 0.19 0.07 66.25 52.60 0.01 0.09 0.34 0.04 0.06 6.50 3.90 3.07 1.77 0.01 0.03 0.30 0.24 0.52 0.42 0.46 0.38 0.05 0.07 0.03 0.07 0.06 0.07 0.06 0.52 0.64 0.26 0.09 0.72 0.55 0.02 0.00 0.27 0.21 0.01 0.10 0.08 0.31 0.34 0.44 26.18 0.18 0.23 0.04 0.12 0.05 0.17 0.36 0.45 0.01 0.02 0.22 0.17 0.05 0.07 0.00 0.25 0.36 0.03 0.02 0.01 0.01 0.00 0.16 0.16 0.12 0.40 0.50 0.07 0.04 0.03 6.36 5.07 7.62 5.97 0.98 0.33 0.25 0.35 0.07 0.03 0.54 0.43 0.21 0.06 0.05 0.37 0.29 0.14 0.18 0.01 0.01 0.03 0.02 52.28 66.05 0.09 0.12 0.05 1.89 1.38 1.75 0.10 0.33 0.43 0.03 0.03 0.04 0.09 0.00 0.09 0.12 0.03 0.03 0.24 0.20 0.09 0.07 0.28 0.35 0.12 0.03 0.32 0.40 0.20 0.08 0.06 0.05 0.05 0.06 0.08 0.69 0.87 0.13 0.17 0.06 3.71 1.32 1.68

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 Outback Gold* Outcrop S&G Outcrop S&G* OZ Minerals*

Exc Volume

Week Low

0.00 0.24 0.00 0.16 unch 0.37 0.46 + 0.29 0.36 + 0.86 0.92 + 1.10 1.17 + 3.31 3.54 11.10 12.15 + 14.11 15.51 + 0.29 0.29 0.36 0.36 4.62 4.87 + 0.18 0.20 + 0.25 0.26 + 0.18 0.21 + 0.00 18.62 +

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

10 0 1045 258 132 191 828 3049 1798 26 461 3992 768 414 228 2

0.25 0.00 0.47 0.37 0.92 1.17 4.39 12.27 15.64 0.29 0.37 5.00 0.20 0.27 0.21 18.62

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 Panoro Mnrls V 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 Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philippine Mtl V Phoenix Global* O Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res V Portofino Res* O Power Group* O Power Group V Power Metals* O Power Metals V PPX Mining V PPX Mining* O Precipitate Gl V Precipitate Gl* O 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 Prog Planet V Prog Planet* O 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 Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V QNB Metals C Quadro Res* O Quadro Res V Quantum Batt C Quantum Batt* O Quartz Mtn Res* O Quartz Mtn Res V Quebec Nickel C Quebec Silica C Questex Gold* O Questex Gold V

455 768 0 0 293 499 125 463 222 10 139 0 561 4807 330 22 1965 207 354 598 190 98 171 2731 11360 91 277 310 636 58 224 793 187 1 55 122 0 407 1453 5102 7 21 100 123 46591 669 11 7 119 100 55 81 497 329 150 98 72 175 0 310 130 201 334 0 3 291 371 2831 2 6 119 3 21 670 469 3271 183 31 7 375 331 8 771 149 42 274 779 2580 392 46 104 187 2938 2795 0 21 541 30 3 20 119 101 214 3 854 57 362 111 117 169 20 160 53 579 33 173 99 1048 2215 2339 13 147 1158 535 110 734 83 71 147 125 15 267 612 233 0 6 12 177 270 31 149

0.97 0.76 0.00 0.00 3.09 4.15 0.04 0.51 0.41 0.03 0.05 0.00 0.41 0.59 0.15 0.12 0.17 0.02 0.02 0.22 0.18 0.21 0.29 30.72 24.11 0.62 0.79 0.07 0.09 0.02 0.18 0.15 0.27 0.05 0.11 0.38 0.00 0.71 0.14 0.05 0.59 0.75 0.05 0.07 17.10 0.07 0.05 0.10 0.13 0.08 0.07 4.60 3.62 1.45 0.04 0.03 0.17 0.18 1.23 0.07 0.08 0.55 0.43 0.00 0.75 0.19 0.67 0.83 0.24 85.41 0.17 0.03 0.04 0.06 2.36 1.87 0.03 0.10 0.07 0.07 2.70 3.41 0.13 0.10 0.02 0.03 0.24 0.30 0.04 0.04 0.13 0.10 14.08 17.91 0.00 2.83 3.74 0.10 0.35 0.07 1.53 1.95 0.40 0.30 0.40 0.46 0.17 0.07 0.07 0.11 0.09 0.60 0.40 0.50 0.01 0.96 1.20 0.57 0.73 0.09 0.08 0.09 0.29 0.23 0.14 0.19 0.05 0.04 0.23 0.30 0.09 0.04 0.04 0.90 0.63 0.22 0.26 0.25 0.08 0.75 0.96

0 660 67 5 17 9 7 90 0 444 181 43

0.00 0.24 0.36 0.06 0.28 2.49 0.18 0.14 0.00 1.30 0.04 0.14

Last

12-month

High

Change

Stock

0.02 0.00 0.10 0.08 0.05 0.07 0.36 1.08 1.39 0.00 0.01 0.17 0.00 0.03 0.02 0.71

0.34 0.27 0.54 0.39 1.40 1.61 8.00 15.12 18.40 0.42 0.52 5.02 1.22 0.50 0.40 21.04

0.20 0.02 0.23 0.18 0.77 1.01 3.06 9.77 12.39 0.27 0.35 2.33 0.15 0.14 0.11 14.60

0.18 0.19 0.00 0.00 2.36 2.74 0.01 0.02 0.00 0.00 0.01 0.00 0.02 0.01 0.01 0.01 0.03 0.01 0.00 0.01 0.01 0.00 0.01 3.19 2.52 0.09 0.05 0.00 0.00 0.00 0.01 0.00 0.03 0.00 0.01 0.02 0.00 0.02 0.02 0.01 0.04 0.01 0.00 0.00 3.98 0.00 0.00 0.02 0.01 0.01 0.00 0.18 0.15 0.09 0.00 0.00 0.03 0.03 0.05 0.01 0.02 0.06 0.04 0.00 0.00 0.00 0.01 0.08 0.01 6.48 0.01 0.01 0.00 0.01 0.41 0.31 0.00 0.00 0.00 0.01 0.05 0.03 0.02 0.02 0.00 0.00 0.04 0.06 0.00 0.03 0.01 0.01 0.22 0.30 0.00 0.15 0.18 0.02 0.00 0.00 0.01 0.03 0.01 0.00 0.07 0.00 0.02 0.00 0.02 0.00 0.00 0.06 0.01 0.02 0.00 0.04 0.03 0.05 0.07 0.01 0.00 0.01 0.01 0.01 0.01 0.03 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.07 0.02 0.02 0.03 0.05 0.01 0.02 0.10

1.00 0.83 0.26 0.18 3.90 4.99 0.08 0.58 0.47 0.06 0.08 0.06 0.96 0.80 0.37 0.36 0.50 0.04 0.10 0.40 0.32 1.07 0.72 46.70 37.29 0.70 0.87 0.16 0.20 0.05 0.23 0.18 0.34 0.07 1.02 0.65 0.15 1.38 0.84 0.09 2.06 2.52 0.23 0.17 19.83 0.10 0.10 0.15 0.20 0.12 0.09 11.57 9.45 1.69 0.07 0.10 0.18 0.22 1.24 0.12 0.15 0.85 1.10 0.10 1.29 0.55 0.72 0.90 0.36 123.00 0.25 0.06 0.05 0.08 6.96 5.49 0.05 0.30 0.29 0.23 5.41 6.71 0.20 0.20 0.10 0.16 0.35 0.43

0.28 0.34 0.14 0.08 0.68 1.00 0.02 0.09 0.07 0.02 0.03 0.02 0.38 0.26 0.13 0.11 0.03 0.01 0.01 0.17 0.13 0.19 0.26 26.52 20.74 0.00 0.43 0.06 0.08 0.01 0.11 0.08 0.12 0.05 0.09 0.27 0.15 0.53 0.10 0.02 0.46 0.61 0.05 0.03 2.61 0.04 0.02 0.07 0.09 0.06 0.04 4.18 3.25 0.99 0.03 0.01 0.02 0.09 0.01 0.05 0.04 0.35 0.25 0.06 0.40 0.16 0.20 0.24 0.13 72.90 0.15 0.02 0.03 0.04 1.83 1.44 0.03 0.09 0.00 0.05 2.41 3.05 0.08 0.06 0.02 0.03 0.13 0.17

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* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue 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 Gold* Royal Rd Mnrls RT Minerals RTG Mining RTG Mining* Rugby Mng Running Fox Rs Rupert Res* Rupert Res Rusoro Mng* Rusoro Mng

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

0.50 0.24 0.20 14.79 18.57 0.17 4.15 5.24 0.14 0.54 0.11 1.85 2.30 0.60 0.48 2.75 2.28 0.18 0.10 0.10 0.36 0.30 11.40 0.50 0.64 0.02 2.11 2.60 1.99 2.10 0.20 0.34 0.43 0.47 0.37 0.27 0.33 0.26 0.21 0.40 0.50 0.25 0.13 0.16 5.85 5.85 0.29 0.36 0.41 0.27 1.07 1.37

0.00 0.07 0.06 8.29 10.40 0.06 1.47 1.80 0.04 0.19 0.06 0.99 1.26 0.29 0.25 0.20 0.42 0.08 0.06 0.00 0.11 0.05 0.35 0.13 0.15 0.01 0.70 0.90 0.43 0.56 0.08 0.07 0.07 0.15 0.11 0.12 0.16 0.05 0.04 0.14 0.18 0.05 0.03 0.04 0.55 0.20 0.00 0.12 0.10 0.05 0.43 0.50

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

0.50 0.35 0.40 0.12 0.50 3.80 0.26 0.15 2.00 4.13 0.06 0.40

0.19 0.19 0.20 0.04 0.22 1.69 0.10 0.09 0.00 0.73 0.02 0.08

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 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 Seabridge Gld Seabridge Gld* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightRes Secova Metals Secova Metals* Sego Res Select Sands Sennen Potash 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 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 Viper* Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met* Silvercorp Met

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

P-Q 0.40 0.53 0.00 0.00 0.68 0.00 0.00 0.45 0.36 0.03 0.00 0.00 0.38 0.49 0.00 0.11 0.10 0.00 0.02 0.20 0.16 0.21 0.26 27.37 21.52 0.59 0.74 0.07 0.00 0.00 0.00 0.12 0.21 0.05 0.00 0.00 0.00 0.63 0.10 0.03 0.55 0.00 0.05 0.05 12.46 0.05 0.04 0.08 0.00 0.07 0.05 4.26 3.34 1.33 0.00 0.03 0.12 0.15 0.00 0.06 0.00 0.49 0.39 0.00 0.00 0.16 0.55 0.69 0.00 0.00 0.17 0.00 0.04 0.05 1.95 1.54 0.00 0.00 0.00 0.00 2.48 0.00 0.11 0.08 0.02 0.00 0.18 0.23 0.03 0.01 0.00 0.00 13.50 17.18 0.00 2.65 3.33 0.00 0.00 0.00 1.48 1.87 0.37 0.30 0.28 0.42 0.15 0.06 0.05 0.00 0.09 0.36 0.35 0.46 0.01 0.85 1.08 0.48 0.61 0.08 0.07 0.00 0.27 0.21 0.14 0.16 0.00 0.04 0.18 0.25 0.09 0.03 0.04 0.67 0.00 0.17 0.00 0.00 0.07 0.73 0.84

0.58 + 0.74 + 0.20 unch 0.09 unch 0.73 0.96 0.03 0.46 + 0.36 + 0.03 unch 0.05 + 0.03 unch 0.38 0.52 + 0.14 0.11 0.16 + 0.02 + 0.02 0.21 + 0.16 + 0.21 unch 0.26 30.39 + 23.84 + 0.59 0.74 0.07 0.09 unch 0.01 unch 0.18 + 0.15 0.23 0.05 unch 0.11 0.38 + 0.15 unch 0.69 + 0.13 + 0.03 0.59 + 0.75 + 0.05 unch 0.06 + 17.02 + 0.06 unch 0.04 0.10 + 0.13 + 0.08 + 0.05 + 4.52 + 3.53 + 1.45 + 0.04 unch 0.03 unch 0.12 0.15 1.14 0.06 0.08 0.54 + 0.43 + 0.10 unch 0.75 unch 0.17 unch 0.63 + 0.81 + 0.24 85.41 + 0.17 0.03 + 0.04 0.05 2.36 + 1.84 + 0.03 unch 0.10 unch 0.07 0.07 2.51 3.26 0.11 0.08 0.02 unch 0.03 unch 0.23 + 0.29 + 0.03 unch 0.04 + 0.12 0.09 13.92 + 17.76 + 0.12 unch 2.83 + 3.58 + 0.10 + 0.35 unch 0.07 unch 1.50 + 1.92 + 0.39 + 0.30 0.38 + 0.45 unch 0.17 + 0.06 unch 0.07 + 0.11 unch 0.09 unch 0.42 + 0.36 0.46 0.01 0.89 1.14 0.54 + 0.68 + 0.09 + 0.08 + 0.09 0.27 0.21 0.14 + 0.19 + 0.05 unch 0.04 + 0.21 0.26 0.09 unch 0.03 0.04 unch 0.74 0.63 + 0.19 + 0.26 + 0.25 + 0.08 0.75 + 0.84 -

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

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

0.00 0.22 0.00 0.06 0.27 0.00 0.00 0.14 0.00 1.14 0.00 0.14

0.41 0.23 0.36 0.06 0.27 2.45 0.18 0.14 0.40 1.25 0.04 0.14

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

(100s)

High Low

Exc Volume

Week High

Low

1070 1415 658 262 0 319 1033 1092 1067 290 148 240 10 596 722 49 110 176 736 381 154 122 315 1145 20 24307 1 461 435 146 297 196 522 47 68 126 0 0 33 397 59 128 32 10 161 1097 941 83 97 46 610 138 539 503 495 401 761 240 3378 0 176 459 480 2205 239 2421 137 50 1634 1 88 358 536 386

0.04 0.05 0.48 1.07 0.00 0.06 0.08 0.11 0.19 0.15 0.71 0.58 0.14 0.53 0.68 0.76 0.05 0.40 0.03 0.04 0.21 0.26 0.07 0.06 80.39 80.44 87.50 0.49 0.62 0.96 0.80 0.16 0.13 0.10 0.13 0.38 0.00 0.00 4.28 5.45 0.05 0.07 0.04 0.08 0.11 0.26 0.10 0.39 0.09 0.10 0.60 0.22 0.29 0.05 0.03 0.16 0.21 0.30 0.38 0.00 0.04 0.05 0.06 108.72 0.30 0.04 0.10 0.00 0.24 0.00 4.71 6.00 0.04 0.05

0.03 0.04 0.46 1.01 0.00 0.05 0.07 0.07 0.18 0.13 0.66 0.52 0.00 0.47 0.61 0.00 0.00 0.36 0.03 0.00 0.19 0.00 0.00 0.05 0.00 74.32 0.00 0.45 0.57 0.78 0.61 0.00 0.11 0.09 0.11 0.35 0.00 0.00 3.94 5.00 0.05 0.06 0.04 0.08 0.00 0.21 0.09 0.00 0.07 0.00 0.49 0.20 0.26 0.04 0.03 0.13 0.16 0.26 0.33 0.00 0.04 0.04 0.00 100.75 0.27 0.00 0.09 0.00 0.18 0.00 4.23 5.40 0.04 0.00

24 788 7168 727 1832 276 29 98 89 85 442 190 0 128 65 6 239 20 7777 1036 1058 152 123 520 398 198 204 0 49 103 243 131 59 406 457 311 1138 1 302 1538 2 776 104 176 292 2435 281 580 249 0 2 6916 1 3 17406 803 159 461 101 0 85 55 152 1238 849 225 1182 284 6 30 47 84 287 206 213 169 620 614 1076 635 95 12 0 53 96 71 622 86 2 106 108 110 92 47 892 403 7064 2423

0.16 1.18 1.50 0.14 0.18 1.55 0.12 0.14 0.26 0.32 0.18 0.15 0.00 0.13 0.15 0.11 0.18 0.20 6.51 8.29 0.30 0.18 0.37 0.46 0.15 0.12 3.69 0.00 0.04 0.14 0.16 0.09 0.07 0.90 0.75 0.16 0.19 0.62 20.80 16.33 0.45 0.19 0.15 0.06 0.08 0.11 0.10 0.11 0.07 0.00 1.00 0.58 0.14 4.00 16.52 0.23 0.10 0.12 0.07 0.00 0.35 0.44 1.71 1.34 10.99 13.83 0.07 0.06 0.08 0.10 0.34 0.26 0.73 0.57 1.88 0.15 0.65 0.52 0.31 0.39 0.26 0.12 0.00 0.12 0.16 0.11 0.13 0.04 0.03 0.15 0.35 0.43 0.17 0.13 0.26 0.21 3.60 4.57

Last

12-month Change

High Low

+ 0.04 0.04 + 0.48 + 1.06 0.21 unch 0.06 + 0.07 0.08 0.18 unch 0.14 + 0.71 + 0.54 0.14 unch + 0.50 + 0.63 + 0.75 + 0.05 0.38 unch 0.03 + 0.04 0.20 0.25 0.06 0.06 + 78.52 + 77.79 + 87.50 + 0.47 + 0.60 + 0.95 + 0.74 0.16 0.12 0.09 0.13 unch + 0.37 0.04 unch 0.06 unch 3.94 5.03 0.05 unch 0.07 unch 0.04 unch 0.08 + 0.10 0.22 0.09 0.34 0.07 0.09 0.50 0.20 0.26 unch + 0.05 0.03 0.14 0.17 + 0.28 0.35 0.26 unch + 0.04 + 0.05 + 0.06 + 108.24 0.28 unch 0.03 0.10 unch 0.12 unch + 0.21 0.02 unch 4.33 5.50 0.04 + 0.05

0.01 0.01 0.02 0.04 0.00 0.00 0.01 0.03 0.00 0.01 0.05 0.03 0.00 0.03 0.01 0.01 0.02 0.00 0.00 0.01 0.03 0.01 0.02 0.00 4.95 3.90 8.88 0.01 0.01 0.14 0.12 0.02 0.01 0.01 0.00 0.02 0.00 0.00 0.19 0.22 0.00 0.00 0.00 0.01 0.01 0.03 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.03 0.03 0.00 0.01 0.00 0.00 0.01 0.01 6.01 0.00 0.01 0.00 0.00 0.05 0.00 0.26 0.39 0.00 0.01

0.53 0.19 0.95 1.40 0.37 0.11 0.12 0.13 0.21 0.17 0.83 0.67 0.39 1.01 1.26 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.10 0.11 94.42 95.97 108.00 0.75 0.87 0.99 0.80 0.25 0.20 0.23 0.28 0.54 0.13 0.15 7.53 9.38 0.07 0.10 0.09 0.14 0.17 0.29 0.19 0.39 0.10 0.16 1.53 0.46 0.58 0.06 0.05 0.45 0.52 0.80 0.64 0.26 0.12 0.12 0.12 129.69 0.40 0.18 0.23 0.12 0.24 0.06 5.10 6.08 0.09 0.14

0.00 0.03 0.37 0.70 0.21 0.05 0.06 0.04 0.06 0.04 0.50 0.40 0.13 0.44 0.55 0.60 0.03 0.30 0.02 0.04 0.19 0.23 0.04 0.01 58.62 59.58 63.01 0.40 0.53 0.36 0.28 0.13 0.10 0.01 0.11 0.26 0.03 0.04 2.65 3.00 0.04 0.05 0.03 0.00 0.10 0.11 0.09 0.10 0.06 0.07 0.32 0.18 0.22 0.04 0.02 0.13 0.16 0.11 0.23 0.26 0.03 0.04 0.04 92.01 0.24 0.03 0.09 0.08 0.07 0.02 2.50 3.44 0.03 0.04

+ 0.16 + 1.16 + 1.50 0.13 0.16 1.50 unch 0.11 0.14 + 0.25 + 0.31 + 0.18 + 0.14 0.05 unch 0.10 0.14 + 0.11 + 0.17 0.20 + 6.44 + 8.21 + 0.29 0.17 0.32 0.40 + 0.15 0.11 + 3.50 0.26 unch 0.03 + 0.14 + 0.16 0.09 + 0.07 + 0.87 + 0.69 + 0.15 + 0.19 0.62 + 20.66 + 16.20 0.45 0.18 unch 0.14 0.06 0.07 0.09 0.08 0.10 + 0.06 0.45 unch + 1.00 + 0.58 + 0.14 + 4.00 + 16.42 + 0.23 0.09 0.11 + 0.07 0.03 unch 0.32 0.44 unch + 1.69 + 1.32 + 10.42 + 13.20 0.06 0.05 0.07 0.10 unch + 0.33 + 0.26 + 0.73 + 0.54 1.64 0.13 + 0.64 + 0.50 + 0.31 + 0.38 0.24 0.10 0.12 unch + 0.12 + 0.15 0.09 0.11 + 0.04 + 0.03 0.14 unch + 0.35 + 0.43 0.17 unch 0.12 0.25 0.19 + 3.53 + 4.52

0.01 0.13 0.18 0.01 0.01 0.00 0.00 0.01 0.03 0.02 0.03 0.01 0.00 0.03 0.01 0.01 0.01 0.02 0.57 0.71 0.03 0.01 0.02 0.04 0.01 0.00 0.05 0.00 0.01 0.01 0.02 0.01 0.00 0.07 0.07 0.01 0.01 0.02 1.27 1.01 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.00 0.04 0.05 0.01 0.68 1.42 0.02 0.01 0.02 0.01 0.00 0.02 0.00 0.13 0.09 0.15 0.13 0.01 0.00 0.01 0.00 0.01 0.01 0.09 0.03 0.25 0.02 0.04 0.02 0.02 0.02 0.04 0.01 0.00 0.02 0.02 0.02 0.02 0.01 0.00 0.00 0.04 0.04 0.00 0.01 0.01 0.01 0.30 0.43

0.30 2.16 2.75 0.35 0.40 1.65 0.19 0.24 0.32 0.42 0.20 0.16 0.05 0.30 0.21 0.16 0.22 0.27 9.31 11.34 0.58 0.32 0.82 0.92 0.18 0.14 4.49 0.35 0.09 0.22 0.27 0.17 0.14 0.98 2.88 0.24 0.27 0.80 26.21 20.87 1.05 0.37 0.40 0.09 0.11 0.22 0.25 0.16 0.10 0.45 1.54 0.68 0.17 7.72 20.68 0.28 0.14 0.17 0.35 0.28 0.79 1.07 4.83 3.92 12.30 15.25 0.22 0.20 0.15 0.18 1.55 1.25 1.76 1.38 4.75 0.25 1.08 0.86 0.72 0.90 0.90 0.23 0.26 0.29 0.30 0.22 0.27 0.11 0.47 0.35 0.70 0.80 0.60 0.51 0.52 0.41 6.72 8.40

0.13 0.95 1.23 0.12 0.16 1.00 0.06 0.08 0.21 0.21 0.12 0.09 0.05 0.08 0.07 0.06 0.13 0.17 5.31 6.86 0.22 0.15 0.28 0.35 0.10 0.08 2.20 0.20 0.03 0.04 0.12 0.08 0.06 0.29 0.18 0.12 0.16 0.45 18.85 14.85 0.20 0.08 0.01 0.03 0.06 0.09 0.00 0.04 0.04 0.45 0.89 0.36 0.09 2.75 11.15 0.03 0.06 0.08 0.05 0.03 0.31 0.39 1.42 1.13 3.59 4.50 0.06 0.05 0.00 0.08 0.29 0.24 0.56 0.38 1.51 0.11 0.25 0.26 0.28 0.36 0.23 0.07 0.07 0.02 0.09 0.08 0.10 0.03 0.03 0.11 0.29 0.38 0.14 0.10 0.24 0.00 3.08 3.95

S 0.00 0.99 1.28 0.12 0.16 1.50 0.11 0.13 0.22 0.28 0.00 0.13 0.00 0.00 0.00 0.11 0.15 0.00 5.90 7.53 0.27 0.00 0.32 0.40 0.14 0.00 3.42 0.00 0.00 0.10 0.14 0.00 0.06 0.76 0.60 0.14 0.18 0.00 19.52 15.30 0.00 0.16 0.14 0.06 0.00 0.08 0.07 0.09 0.00 0.00 0.00 0.52 0.00 3.32 14.85 0.19 0.08 0.11 0.07 0.00 0.31 0.39 1.53 1.20 10.08 12.90 0.06 0.05 0.07 0.00 0.32 0.24 0.62 0.48 1.54 0.00 0.56 0.44 0.28 0.36 0.00 0.10 0.00 0.09 0.13 0.08 0.00 0.04 0.03 0.14 0.30 0.00 0.14 0.11 0.24 0.19 3.26 4.15

GLOBAL MINING NEWS

(100s) Stock 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 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 Straightup Re* 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 Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit

Week

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

THE NORTHERN MINER / FEBRUARY 21—MARCH 6, 2022

Low

Last

8.37 10.67 0.00 0.22 0.19 0.06 0.08 0.14 0.11 0.05 0.04 13.65 0.09 0.09 0.07 0.64 0.50 0.04 0.04 0.13 0.09 0.82 0.06 0.36 0.28 15.85 0.40 0.46 0.00 0.69 0.55 0.21 0.00 0.12 0.16 0.04 0.05 0.26 0.22 3.22 69.31 0.15 0.23 0.29 0.23 0.23 0.04 0.24 0.19 0.09 0.12 0.14 0.13 0.16 0.00 0.11 0.77 17.78 22.65 0.12 0.44 0.42 1.14 0.91 0.79 0.35 0.03 7.00 0.18 0.22 0.04 0.34 0.27 0.03 0.19 0.24 1.81 2.29 0.04 0.05 0.32 0.26 1.22 0.97 0.26 0.19 0.15 0.30 0.09 0.13 0.17 0.16 0.12 0.10 0.10 0.35 0.28 0.32 0.26 0.04 0.12 0.09 0.47 0.35 0.29 0.47 0.65 0.21 0.11 0.15 0.91 1.13 0.25 0.58

7.38 9.39 0.00 0.19 0.11 0.06 0.06 0.12 0.09 0.05 0.04 12.10 0.08 0.08 0.07 0.53 0.40 0.00 0.00 0.11 0.09 0.66 0.00 0.33 0.26 13.85 0.33 0.00 0.00 0.62 0.48 0.00 0.00 0.11 0.14 0.00 0.00 0.19 0.15 2.87 62.68 0.13 0.14 0.26 0.21 0.22 0.00 0.20 0.16 0.08 0.10 0.12 0.11 0.15 0.00 0.00 0.74 16.39 20.84 0.10 0.37 0.29 1.02 0.00 0.00 0.00 0.02 4.40 0.15 0.19 0.02 0.31 0.26 0.02 0.00 0.00 1.65 2.08 0.03 0.04 0.21 0.16 1.08 0.00 0.21 0.17 0.13 0.17 0.01 0.12 0.12 0.00 0.12 0.10 0.09 0.00 0.25 0.00 0.00 0.03 0.11 0.09 0.38 0.31 0.00 0.47 0.58 0.00 0.00 0.14 0.75 0.94 0.00 0.42

8.24 + 10.57 + 0.25 unch 0.21 + 0.15 + 0.06 0.08 + 0.14 + 0.11 + 0.05 + 0.04 13.21 + 0.08 0.09 + 0.07 + 0.56 + 0.44 + 0.04 + 0.04 unch 0.12 unch 0.09 unch 0.80 + 0.05 unch 0.36 + 0.28 + 14.81 + 0.40 + 0.44 + 0.11 unch 0.67 + 0.55 + 0.20 0.09 unch 0.12 0.16 unch 0.04 + 0.05 0.25 + 0.19 + 3.22 + 67.17 + 0.15 + 0.18 + 0.29 + 0.22 + 0.23 + 0.03 0.24 + 0.18 + 0.09 + 0.11 0.13 0.11 0.15 0.01 unch 0.10 0.76 + 17.65 + 22.47 + 0.11 + 0.40 + 0.31 + 1.03 0.85 + 0.79 + 0.35 unch 0.02 5.80 0.17 + 0.21 + 0.03 + 0.31 0.27 + 0.02 0.19 0.24 unch 1.75 + 2.24 + 0.04 + 0.05 unch 0.32 + 0.25 + 1.22 + 0.95 + 0.23 + 0.19 + 0.13 0.17 0.02 0.12 0.17 + 0.15 0.12 unch 0.10 + 0.09 0.34 + 0.27 + 0.27 0.26 0.03 unch 0.12 + 0.09 + 0.40 0.31 0.29 0.47 unch 0.63 + 0.20 0.11 0.14 unch 0.85 + 1.07 + 0.25 + 0.48 +

3811 1467 1 100 28 47 1859 491 62 605 28 797 343 97 103 1725 640 10 135 243 10 632 236 398 353 1037 183 150 0 55 618 121 0 178 426 2036 93 1188 492 32 6339 86 570 989 1120 52 285 654 487 76 1029 229 684 1837 0 432 447 7580 2169 1723 2503 1412 57 30 19 7 777 11 688 1133 1527 647 18 106 18 101 2470 1864 51 466 5361 2704 278 50 56 31 87 103 17 226 1217 52 1 1 425 47 71 229 10 169 1042 417 379 102 3 6 89 11 2 35 457 653 7 807

(100s)

12-month

High

Change 0.87 1.20 0.00 0.02 0.00 0.01 0.01 0.02 0.02 0.01 0.00 0.55 0.01 0.01 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.03 0.00 0.03 0.01 0.51 0.04 0.02 0.00 0.04 0.06 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.01 0.47 3.96 0.01 0.03 0.02 0.01 0.03 0.01 0.04 0.02 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.02 1.31 1.65 0.02 0.01 0.00 0.03 0.02 0.02 0.00 0.00 0.70 0.01 0.01 0.01 0.03 0.00 0.01 0.01 0.00 0.15 0.20 0.01 0.00 0.10 0.08 0.03 0.01 0.01 0.01 0.02 0.02 0.09 0.01 0.06 0.01 0.00 0.02 0.01 0.01 0.00 0.05 0.02 0.00 0.01 0.01 0.06 0.05 0.06 0.00 0.05 0.02 0.02 0.00 0.08 0.09 0.02 0.05

High Low

Stock

10.40 12.84 0.29 1.00 0.64 0.12 0.15 0.34 0.27 0.09 0.07 16.49 0.31 0.25 0.21 0.87 0.70 0.12 0.16 0.43 0.38 0.80 0.16 0.78 0.64 17.17 0.51 0.62 0.14 1.56 1.25 0.25 0.10 0.32 0.39 0.07 0.10 0.38 0.30 3.22 83.29 0.49 0.31 0.63 0.53 1.36 0.10 0.36 0.30 0.16 0.21 0.80 0.22 0.25 0.03 0.17 1.05 20.06 25.30 0.19 1.19 0.99 6.50 5.16 1.12 0.60 0.50 18.00 0.39 0.51 0.06 0.49 0.37 0.08 0.27 0.32 3.56 4.05 1.00 0.10 0.32 0.28 2.67 2.11 0.83 1.00 0.59 0.75 0.29 0.35 0.17 0.32 0.26 0.25 0.30 0.50 0.41 0.45 0.28 0.09 0.28 0.23 0.58 0.44 0.90 0.60 0.72 0.38 0.21 0.28 1.41 1.71 0.54 1.35

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*

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

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 Teras Res* Teras Res Terrax Mnrls* Terrax Mnrls Terreno Res 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* 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 Uran Trailbreaker* Trailbreaker Trans Canada Trans Canada* Transatlantic Transforma Res Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res Trevali Mining Tri-River Vent Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold

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

6.60 8.30 0.18 0.18 0.11 0.04 0.06 0.09 0.06 0.04 0.03 10.40 0.08 0.07 0.05 0.28 0.22 0.00 0.04 0.06 0.05 0.24 0.05 0.19 0.14 5.87 0.28 0.35 0.07 0.53 0.41 0.09 0.05 0.11 0.14 0.02 0.04 0.10 0.08 1.97 54.92 0.09 0.11 0.25 0.19 0.12 0.04 0.17 0.13 0.01 0.05 0.07 0.07 0.09 0.01 0.08 0.37 13.68 17.29 0.06 0.22 0.17 0.85 0.66 0.39 0.29 0.02 0.08 0.13 0.16 0.01 0.17 0.13 0.02 0.16 0.20 1.23 1.64 0.01 0.04 0.08 0.12 1.08 0.83 0.21 0.16 0.08 0.11 0.01 0.10 0.06 0.13 0.11 0.02 0.08 0.28 0.21 0.22 0.19 0.02 0.11 0.08 0.15 0.12 0.24 0.39 0.50 0.19 0.00 0.08 0.62 0.80 0.20 0.37

Week

Exc Volume

Last

12-month

High

Low

Change

132 45670 30719 310 640 9 38 82 434 207 951 124 952

0.42 38.53 30.26 0.60 0.77 0.34 0.29 0.18 0.15 0.24 0.31 0.20 1.80

0.34 0.40 + 35.79 38.38 + 28.14 30.11 + 0.55 0.60 + 0.70 0.76 + 0.00 0.34 + 0.00 0.29 unch 0.16 0.16 0.11 0.12 0.22 0.22 + 0.28 0.29 unch 0.17 0.20 + 1.00 1.02 -

1275 31 268 901 309 76 5132 181 4359 132 2894 44 349 154 0 110 1 194 41 7440 2416 180 24967 18 9047 763 824 185 276 26 10 330 567 157 223 861 30 5 46 94 479 2 3 412 85 29 1580 7125 1029 10 0 1497 323 776 291 135 62 136 270 1 30 21 57 2073 364 45 13 752 512 187 9 258 106 2140 203 28 61 973 67 94 46 4 136 1475 0 95 124 111 91 67 35 1629 0 2 14 75 37 540

0.27 0.21 0.07 0.28 0.22 0.04 0.69 7.35 0.15 0.48 0.38 0.13 0.17 0.09 0.00 0.08 0.01 0.45 0.35 2.07 2.62 0.52 37.23 49.55 47.07 0.08 0.09 0.11 0.14 0.27 0.21 0.11 0.02 0.03 0.22 0.26 0.03 0.04 1.59 2.05 2.13 0.06 0.07 2.78 0.13 0.23 0.29 0.11 0.08 0.09 0.00 0.12 0.09 0.68 0.20 0.16 0.13 0.17 0.05 0.24 0.73 0.48 0.62 1.22 0.06 0.92 0.69 0.07 0.07 0.06 1.03 0.12 11.30 14.41 0.83 0.66 0.14 0.18 0.93 0.19 0.24 0.07 0.07 0.03 0.00 0.18 0.18 0.73 0.58 9.06 0.10 1.36 0.00 0.09 0.06 0.09 0.48 0.59

Stock

0.06 1.74 1.39 0.04 0.04 0.06 0.00 0.02 0.01 0.01 0.00 0.03 0.15

1.09 38.62 30.51 0.69 0.84 0.80 0.63 0.38 0.35 0.46 0.68 0.30 2.48

0.30 21.90 17.10 0.35 0.45 0.28 0.22 0.14 0.05 0.21 0.27 0.10 0.71

0.00 0.01 0.00 0.02 0.01 0.01 0.02 0.55 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.01 0.00 0.03 0.02 0.09 0.12 0.01 3.20 4.70 4.08 0.00 0.01 0.00 0.01 0.04 0.01 0.01 0.00 0.01 0.00 0.02 0.00 0.00 0.14 0.21 0.03 0.00 0.00 0.16 0.02 0.04 0.05 0.01 0.02 0.00 0.00 0.04 0.03 0.02 0.01 0.01 0.00 0.01 0.02 0.02 0.09 0.03 0.03 0.18 0.01 0.03 0.00 0.01 0.00 0.00 0.08 0.01 1.08 1.38 0.02 0.01 0.00 0.01 0.06 0.00 0.04 0.01 0.00 0.01 0.00 0.03 0.01 0.02 0.02 0.48 0.01 0.07 0.00 0.00 0.00 0.01 0.00 0.02

0.27 0.24 0.13 0.38 0.31 0.08 0.90 23.89 0.19 1.36 1.08 0.35 0.46 0.12 0.14 0.25 0.14 0.56 0.50 2.67 3.22 0.75 37.23 49.55 47.07 0.15 0.18 1.20 1.46 0.36 0.24 0.29 0.07 0.08 0.25 0.31 0.07 0.08 2.75 3.17 4.70 0.11 0.12 3.08 0.48 1.00 0.45 1.02 0.82 0.19 0.19 0.13 0.10 1.90 0.45 0.36 0.24 0.30 0.08 0.55 0.70 0.74 0.85 1.20 0.09 1.67 1.18 0.09 0.29 0.35 2.80 0.31 15.52 18.72 1.08 0.86 0.15 0.18 1.08 0.38 0.49 0.30 0.24 0.06 0.78 0.26 0.20 1.09 0.93 9.38 0.17 2.75 0.04 0.12 0.24 0.13 1.34 1.70

0.14 0.00 0.06 0.24 0.19 0.02 0.44 6.39 0.04 0.43 0.34 0.11 0.14 0.07 0.08 0.05 0.01 0.30 0.10 1.42 1.83 0.28 17.31 27.82 21.86 0.05 0.07 0.08 0.10 0.10 0.09 0.10 0.02 0.02 0.13 0.16 0.03 0.04 1.36 1.74 1.30 0.04 0.06 0.88 0.00 0.17 0.19 0.03 0.02 0.06 0.11 0.06 0.04 0.53 0.15 0.11 0.11 0.16 0.03 0.17 0.02 0.00 0.28 0.20 0.04 0.45 0.69 0.05 0.07 0.05 0.51 0.09 8.99 11.79 0.55 0.43 0.03 0.04 0.20 0.14 0.17 0.07 0.07 0.02 0.09 0.13 0.07 0.65 0.47 6.98 0.08 1.13 0.04 0.09 0.00 0.07 0.37 0.50

Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* 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

T X O O 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 Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls 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 Vanadiumcorp Vanstar Mng Rs* Vanstar Mng Rs Vantex Res 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 Volatus Cap Volcanic Gold* Volcanic Gold Voyager Metals Voyager Metals* Voyageur Min Voyageur Min* Voyageur Min

T 0.26 0.20 0.00 0.25 0.20 0.02 0.60 6.52 0.10 0.44 0.34 0.00 0.15 0.08 0.00 0.00 0.01 0.41 0.32 1.81 2.35 0.46 33.06 44.39 42.02 0.06 0.08 0.09 0.12 0.00 0.00 0.10 0.02 0.00 0.17 0.23 0.00 0.00 1.43 1.80 1.95 0.06 0.00 2.44 0.00 0.18 0.24 0.08 0.06 0.08 0.00 0.08 0.06 0.53 0.17 0.13 0.12 0.00 0.00 0.00 0.00 0.45 0.59 1.01 0.05 0.88 0.69 0.00 0.07 0.05 0.87 0.10 10.07 12.79 0.72 0.56 0.13 0.16 0.85 0.18 0.00 0.00 0.07 0.02 0.00 0.16 0.11 0.69 0.54 8.31 0.00 1.13 0.00 0.00 0.06 0.00 0.41 0.51

0.26 0.20 0.06 0.26 0.21 0.03 0.64 6.70 0.12 0.45 0.36 0.13 0.17 0.09 0.10 0.08 0.01 0.42 0.34 1.97 2.50 0.49 36.43 49.10 46.44 0.07 0.09 0.10 0.14 0.27 0.20 0.10 0.02 0.02 0.18 0.23 0.03 0.04 1.59 2.04 2.10 0.06 0.06 2.54 0.09 0.22 0.28 0.08 0.06 0.08 0.11 0.12 0.09 0.64 0.18 0.15 0.13 0.17 0.05 0.24 0.30 0.45 0.62 1.22 0.06 0.88 0.69 0.06 0.07 0.06 1.03 0.10 11.12 14.20 0.78 0.61 0.14 0.18 0.90 0.19 0.24 0.07 0.07 0.02 0.09 0.18 0.14 0.71 0.55 8.79 0.10 1.27 0.04 0.09 0.06 0.09 0.43 0.54

unch 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

91 867 76 4 140 845 212 261 190 95 909 47 184 411 0 9 227 118 132 28 3625 697 699 224 100

1.99 1.57 0.19 0.51 18.48 0.16 0.13 0.12 0.09 0.58 0.76 0.17 0.12 0.15 0.00 0.66 2.13 1.66 0.41 0.34 21.00 26.54 0.04 0.03 0.01

1.85 1.90 + 1.48 1.50 + 0.18 0.19 0.25 0.51 + 15.10 16.79 + 0.14 0.15 0.11 0.12 + 0.09 0.12 + 0.08 0.09 + 0.53 0.58 + 0.68 0.75 + 0.00 0.17 + 0.10 0.10 0.13 0.15 + 0.00 0.10 unch 0.00 0.60 1.88 2.08 + 1.47 1.63 + 0.35 0.40 + 0.28 0.34 + 18.46 20.51 + 23.46 26.15 + 0.00 0.03 0.02 0.03 0.00 0.01 unch

D 171 V 90 C 859 O 2622 O 136 V 78 T 3961 O 182 V 429 O 629 O 7 V 630 O 341 C 406 O 539 X 1570 N 95272 O 420 V 1660 V 38 X 7774 T 1397 V 1723 X 46142 O 1203 X 3967 V 593 D 1807 V 0 O 581 O 20 V 177 V 243 O 188 N 196688 O 478 O 180 V 270 C 2282 O 50 V 15 O 27 V 277 V 535 O 265 V 114 V 0 O 3 O 3 V 41 O 170 V 175 V 0 O 80 T 1077 O 140 O 3 V 811 O 80 T 620 C 1850 O 18 C 545 O 149 V 73 O 47 V 129 O 66 V 39 V 1453 O 321 V 547 X 1825 T 136 O 191 V 99 V 437 V 1034 C 170 O 51 V 197 V 128 O 10 V 987 O 141 C 19

7.18 0.33 0.08 10.36 0.86 1.08 0.36 0.28 0.38 0.05 0.08 0.12 0.46 0.55 0.12 0.47 24.96 0.08 0.10 5.05 1.35 1.70 0.46 3.33 0.02 2.20 4.82 3.80 0.00 0.02 0.30 0.39 0.21 0.14 18.15 0.01 0.38 0.49 0.06 0.02 0.03 0.05 0.06 0.04 0.31 0.40 0.00 0.14 0.24 0.30 0.04 0.05 0.00 0.03 5.40 0.17 0.09 0.11 11.71 14.93 0.01 0.01 0.09 0.06 0.63 0.48 0.49 0.09 0.11 0.18 0.14 0.08 0.83 1.05 0.11 0.14 0.24 2.63 0.07 0.33 0.41 0.22 0.14 0.15 0.11 0.47

Stock

0.03 0.03 0.00 0.26 1.70 0.01 0.00 0.02 0.01 0.06 0.09 0.02 0.01 0.01 0.00 0.09 0.17 0.17 0.06 0.05 1.92 2.46 0.01 0.00 0.00

3.70 3.06 0.21 0.75 18.48 0.31 0.25 0.23 0.19 1.22 1.31 0.74 0.41 0.52 0.25 1.46 3.65 3.00 1.13 0.98 21.89 26.54 0.06 0.06 0.05

1.80 1.41 0.06 0.00 10.50 0.14 0.11 0.09 0.07 0.52 0.66 0.15 0.02 0.12 0.08 0.50 1.87 1.31 0.34 0.27 9.75 12.15 0.03 0.02 0.01

VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

O V V O V O

0.09 0.03 0.01 0.29 0.01 0.02 0.04 0.04 0.05 0.00 0.00 0.01 0.01 0.03 0.02 0.03 1.48 0.01 0.01 0.28 0.04 0.07 0.00 0.29 0.00 0.03 0.27 0.18 0.00 0.00 0.06 0.04 0.03 0.01 0.99 0.00 0.03 0.03 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.03 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.24 0.02 0.00 0.01 0.81 0.89 0.00 0.01 0.01 0.01 0.05 0.07 0.01 0.00 0.01 0.01 0.01 0.01 0.14 0.18 0.01 0.01 0.03 0.28 0.01 0.03 0.01 0.03 0.00 0.02 0.02 0.05

13.65 0.70 0.10 30.20 2.36 2.97 0.60 0.28 0.36 0.17 0.31 0.40 1.46 1.80 0.25 2.56 30.57 0.15 0.21 9.15 2.15 2.72 1.68 5.79 0.27 10.37 7.31 5.95 0.70 0.07 0.34 0.40 0.21 0.29 23.18 0.13 0.50 0.61 0.44 0.08 0.09 0.10 0.13 0.11 1.04 1.15 0.38 0.27 0.47 0.61 0.07 0.08 0.13 0.12 5.40 0.27 0.19 0.30 18.50 22.54 0.09 0.08 0.60 0.49 0.98 0.79 0.55 0.22 0.27 0.95 0.74 0.24 1.40 1.72 0.31 0.39 0.70 3.45 0.20 0.55 0.67 0.36 0.32 0.35 0.25 0.50

6.01 0.11 0.03 6.55 0.55 0.71 0.26 0.11 0.13 0.00 0.07 0.09 0.06 0.40 0.01 0.37 16.16 0.01 0.06 3.15 0.89 1.15 0.40 1.88 0.01 1.81 2.17 1.81 0.22 0.00 0.15 0.18 0.11 0.03 11.16 0.00 0.16 0.22 0.04 0.02 0.02 0.03 0.05 0.04 0.28 0.36 0.16 0.00 0.24 0.28 0.01 0.04 0.12 0.03 0.88 0.02 0.06 0.06 8.60 10.90 0.01 0.00 0.05 0.04 0.13 0.10 0.32 0.00 0.07 0.10 0.07 0.07 0.59 0.77 0.06 0.08 0.15 1.26 0.01 0.26 0.30 0.11 0.00 0.07 0.03 0.30

Walker River Walker River* Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds* Wescan Gldflds Wesdome Gold Wesdome Gold* West High Yld West Mining* West Mining West Oak Gold West Red Lake* West Red Lake West Vault Western Alaska 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 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 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 York Harbour York Harbour* Zacatecas Silv Zacatecas Silv* ZEB Nickel 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 O V T O V O C C O C V V O V T X V O V T O V C O O V O O V V O 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 V O O V 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

U-V 6.61 0.24 0.07 8.30 0.73 0.96 0.29 0.23 0.30 0.04 0.08 0.10 0.38 0.50 0.07 0.41 21.89 0.06 0.09 4.68 1.17 1.49 0.41 2.72 0.02 1.92 4.01 3.15 0.00 0.02 0.25 0.30 0.00 0.11 16.69 0.01 0.32 0.41 0.05 0.02 0.00 0.04 0.00 0.04 0.28 0.37 0.00 0.14 0.24 0.00 0.04 0.00 0.00 0.03 4.57 0.11 0.09 0.09 10.93 13.87 0.01 0.00 0.00 0.05 0.00 0.43 0.46 0.08 0.00 0.16 0.12 0.06 0.68 0.00 0.10 0.00 0.19 2.25 0.07 0.30 0.38 0.00 0.12 0.13 0.09 0.42

7.01 0.30 0.07 8.31 0.78 0.99 0.33 0.27 0.34 0.05 0.08 0.12 0.40 0.51 0.10 0.41 23.68 0.07 0.09 4.76 1.25 1.60 0.42 2.99 0.02 1.93 4.30 3.36 0.26 0.02 0.30 0.36 0.15 0.13 17.54 0.01 0.36 0.46 0.05 0.02 0.03 0.04 0.05 0.04 0.31 0.40 0.18 0.14 0.24 0.29 0.04 0.05 0.12 0.03 5.15 0.16 0.09 0.10 11.71 14.81 0.01 0.01 0.08 0.06 0.58 0.45 0.48 0.08 0.11 0.16 0.12 0.06 0.82 1.05 0.11 0.14 0.23 2.55 0.07 0.33 0.39 0.22 0.14 0.14 0.11 0.42

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

(100s)

High Low

Exc Volume

Week High

Low

143 321 1561 61 155 84

0.30 0.41 0.38 0.30 0.17 0.14

0.25 0.33 0.34 0.27 0.00 0.12

1610 75 877 4067 126 122 1046 6 2651 1780 94 1 72 2579 732 468 236 4537 82 81 400 59 92 1 5 880 1084 119 729 623 42 30 0 343 302 0 151 401 29 12 2477 39 455 6133 10271 179 230 355 60 24 125 119 6 2 0 16 352 1169 440 25 249 463 494 0 386 1 984 663 44 24 128 182 257 5 8 17739 85259 0 300 597 299 19 358 147 10 1 37 1 4 1 1 0 247 29 21 20

0.07 0.05 0.25 0.32 0.18 0.06 0.07 0.04 0.28 0.35 0.31 0.06 0.12 13.05 10.23 0.66 0.12 0.14 0.12 0.05 0.06 1.15 1.09 2.41 0.08 2.11 1.67 0.18 0.35 0.43 0.17 0.13 0.00 1.93 1.53 0.00 0.42 0.34 0.08 0.11 0.30 0.20 0.14 53.89 42.31 0.12 0.58 0.73 0.07 0.08 2.17 0.51 0.11 0.15 0.00 0.11 0.04 0.04 0.20 0.20 0.23 0.38 0.88 0.00 0.03 0.01 0.03 0.08 0.07 0.19 0.24 0.06 0.04 0.92 0.77 5.69 4.46 0.00 0.04 0.06 1.03 1.00 1.05 0.86 0.24 0.16 0.15 0.11 0.23 0.51 0.40 0.00 0.12 0.10 0.22 0.18

12-month

Last

Change

0.27 0.35 + 0.37 + 0.29 + 0.15 unch 0.13 -

High Low

0.00 0.01 0.03 0.05 0.00 0.00

0.55 0.68 0.38 0.80 0.30 0.50

0.20 0.25 0.07 0.06 0.09 0.07

0.01 0.00 0.01 0.01 0.04 0.01 0.01 0.00 0.09 0.11 0.05 0.00 0.00 1.49 1.20 0.03 0.01 0.01 0.00 0.00 0.00 0.08 0.03 0.01 0.00 0.14 0.10 0.01 0.01 0.01 0.00 0.00 0.00 0.14 0.11 0.00 0.02 0.01 0.00 0.03 0.08 0.05 0.00 2.42 1.91 0.00 0.01 0.01 0.00 0.01 0.20 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.02 0.00 0.06 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.04 0.02 0.50 0.41 0.00 0.00 0.01 0.00 0.01 0.03 0.00 0.01 0.06 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.00

0.14 0.11 0.64 0.73 0.33 0.10 0.11 0.07 0.56 0.70 0.79 0.10 0.15 13.52 11.00 1.22 1.16 1.70 0.19 0.09 0.11 1.46 1.46 2.50 0.13 3.35 2.83 0.49 0.76 0.96 0.37 0.19 0.17 4.18 3.28 1.83 0.80 0.66 0.18 0.22 0.39 0.32 0.33 59.44 49.10 0.12 0.68 0.85 0.12 0.17 2.64 2.80 0.29 0.36 0.13 0.11 0.18 0.15 1.49 0.40 0.36 1.54 1.05 0.09 0.15 0.11 0.11 0.25 0.19 0.35 0.43 0.14 0.17 1.53 1.22 6.54 5.44 2.36 0.06 0.06 1.03 3.38 1.89 1.05 0.75 0.25 0.22 0.18 0.30 5.00 1.27 0.05 0.23 0.19 0.27 0.21

0.04 0.01 0.23 0.31 0.01 0.01 0.06 0.03 0.10 0.12 0.16 0.06 0.06 7.78 6.05 0.13 0.05 0.08 0.11 0.04 0.05 0.90 0.70 1.51 0.05 1.49 1.18 0.14 0.08 0.11 0.15 0.07 0.13 1.01 0.89 1.15 0.33 0.27 0.08 0.10 0.16 0.14 0.10 44.09 34.85 0.08 0.37 0.45 0.05 0.06 0.90 0.43 0.08 0.11 0.05 0.05 0.04 0.03 0.14 0.04 0.15 0.25 0.29 0.04 0.03 0.01 0.02 0.06 0.05 0.12 0.16 0.05 0.03 0.84 0.65 4.78 3.70 0.89 0.01 0.04 0.25 0.20 0.52 0.45 0.16 0.10 0.12 0.10 0.19 0.45 0.01 0.05 0.10 0.08 0.17 0.03

W-Z 0.05 0.04 0.23 0.31 0.00 0.05 0.00 0.00 0.19 0.24 0.25 0.06 0.00 11.34 8.93 0.58 0.07 0.09 0.11 0.04 0.06 0.00 0.90 0.00 0.00 1.86 1.46 0.00 0.29 0.39 0.16 0.13 0.00 1.53 1.21 0.00 0.39 0.28 0.00 0.00 0.17 0.15 0.12 50.59 39.78 0.11 0.52 0.66 0.07 0.00 1.96 0.45 0.00 0.00 0.00 0.05 0.04 0.03 0.16 0.16 0.22 0.29 0.79 0.00 0.03 0.01 0.02 0.00 0.06 0.16 0.20 0.00 0.00 0.00 0.76 5.10 4.01 0.00 0.04 0.00 0.96 0.51 0.95 0.75 0.00 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.09 0.00 0.18

0.07 0.04 0.25 0.31 0.18 0.05 0.07 0.04 0.20 0.25 0.30 0.06 0.09 12.78 10.03 0.60 0.08 0.10 0.11 0.05 0.06 1.15 1.03 2.41 0.08 2.01 1.57 0.18 0.32 0.41 0.17 0.13 0.14 1.67 1.32 1.47 0.41 0.31 0.08 0.11 0.24 0.20 0.14 53.52 41.98 0.11 0.53 0.68 0.07 0.08 2.17 0.49 0.11 0.15 0.09 0.05 0.04 0.03 0.17 0.20 0.22 0.30 0.85 0.05 0.03 0.01 0.03 0.07 0.06 0.16 0.23 0.06 0.04 0.92 0.77 5.62 4.40 2.24 0.04 0.05 1.00 0.75 1.00 0.82 0.23 0.16 0.15 0.11 0.23 0.51 0.40 0.05 0.12 0.10 0.20 0.18

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

BID-ASK — FEBRUARY 7–11, 2022 12-MONTH STOCK

Aftermath Silv Alacer Gold Amilot Capital Aquila Res Arctic Fox Ven Arcturus Vent Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Banro Corp* Boss Power Brunswick Res Bullion Gold C2C Gold Cache Explor Cadillac Vent Canamera Energ Cerro de Pasc Cerro Grande Cirrus Gold Cliffs Nat Res* Corvus Gold* Crystal Peak Electra Stone Encanto Potash Equitorial Ex Everton Res Evolution Glob Evolving Gold Excalibur Res Exploits Disc Explorex Res Finore Mng

EXC

BID

ASK

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

0.24 9.41 ... ... 0.16 0.02 0.03 0.03 0.33 0.13 0.04 ... ... 1.94 0.11 0.17 ... 0.06 ... 0.16 0.05 0.37 ... 0.01 0.20 1.45 ... 0.01 0.01 0.06 0.08 0.10 0.50 0.30 0.09 ... ... 0.12

0.25 9.52 ... ... 0.48 0.03 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.11 0.20 0.05 0.15 ... 0.17 0.06 1.25 ... 0.02 0.35 3.20 ... 0.02 0.02 0.07 0.08 0.10 4.00 0.59 0.10 ... 6.50 0.12

12-MONTH

LAST

HIGH

LOW

STOCK

0.25 9.47 0.04 0.09 0.15 0.03 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.11 0.17 0.03 0.10 0.11 0.16 0.05 0.37 0.29 0.01 0.30 1.43 3.21 0.01 0.01 0.06 0.08 0.03 2.00 0.35 0.10 0.59 2.85 0.11

0.33 10.82 0.08 0.14 0.16 0.13 0.06 0.04

0.05 3.50 0.04 0.06 0.14 0.02 0.02 0.03

0.15

0.03

0.47 0.15 2.50 2.10

0.42 0.03 0.82 0.10

0.28 0.15 0.27 0.17 0.50 0.34 0.04 0.30 7.17 3.30 0.10

0.01 0.03 0.12 0.05 0.27 0.12 0.01 0.12 0.98 1.71 0.01

0.10 0.25

0.05 0.07

2.00 1.45 0.11 0.62 10.50

2.00 0.28 0.01 0.13 2.85

GAR Limited General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng K9 Gold Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Leopard Lake Lida Resources Lithium South MAG Silver* Mansa Explor Meryllion Res Mich Resources Minecorp Egy Montana Gold Napier Vent Navis Res Corp New Klondike Nexco Res

EXC

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

BID

... ... ... 0.06 0.15 0.07 0.02 ... 0.10 ... ... 0.02 0.04 ... ... ... ... 0.20 0.24 0.17 0.47 0.05 0.04 0.03 ... 0.12 ... 0.31 12.52 0.25 ... 0.37 ... 0.09 0.06 ... 0.01 ...

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... ... ... 0.06 0.17 0.08 0.02 ... 0.12 ... 375.00 0.03 0.05 ... 0.01 ... ... 0.25 0.27 0.24 0.48 0.06 0.05 0.04 ... 0.14 ... 0.34 13.30 0.25 ... 0.50 ... 0.10 ... ... 0.01 ...

0.15 0.11 0.22 0.06 0.16 0.08 0.02 0.32 0.10 0.42 0.11 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.24 0.48 0.05 0.04 0.03 1.09 0.12 0.24 0.31 12.52 0.19 0.08 0.37 0.12 0.10 0.07 0.30 0.01 0.30

4.13 100.00 0.28

0.13 0.10 0.16

0.36 0.11 0.04 0.32 0.15 0.45 1.20 0.04 0.06

0.12 0.04 0.02 0.26 0.02 0.06 0.48 0.02 0.04

North Valley O2Gold Orocobre Otso Gold Patriot Batt Patriot Gold Phenom Res Primary Energy Prospero Silvr QNB Metals Quaterra Res Quinto Res Rain City Rare Element* Razore Rock Res Reliant Gold Rockland Mnls Southern Arc Southstone Min Standard Lith Supernova Met Tiger Intl Trench Metals TriMetals Mng Trinity Valley Vale* ValOre Metals Vatic Vent West Oak Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

0.72 0.28 0.28 0.73 0.13 0.10 0.16

0.20 0.04 0.16 0.20 0.04 0.04 0.02

0.16 0.27 0.66 14.40 0.22 0.17 0.48 0.20 0.10

0.12 0.13 0.24 6.12 0.09 0.05 0.24 0.07 0.02

0.37

0.20

EXC

BID

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

0.06 0.23 ... 0.04 0.09 0.04 0.68 ... 0.55 0.09 0.15 0.05 0.05 0.11 0.11 ... 0.07 0.32 0.01 6.65 0.05 ... 0.55 0.11 ... ... 0.06 0.05 0.12 0.01 0.12 0.07 ... 0.05

ASK

0.10 0.27 ... 0.04 0.10 0.10 0.71 ... 1.18 0.14 0.17 0.07 0.06 0.16 0.16 0.10 0.08 0.90 0.01 6.95 0.06 0.17 0.55 0.12 ... ... 0.07 ... 0.15 0.02 0.14 0.08 ... 0.07

LAST

0.08 0.23 8.28 0.04 0.10 0.05 0.69 0.17 0.56 0.09 0.16 0.08 0.06 0.15 0.11 0.02 0.08 0.89 0.01 6.95 0.06 0.15 0.55 0.12 0.04 10.24 0.07 0.10 0.11 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.10 0.37 9.30 0.10 0.18 0.23 0.76 0.82 1.35 0.25 0.30

0.06 0.06 3.89 0.03 0.08 0.05 0.24 0.16 0.51 0.05 0.06

0.12 0.89 0.25

0.04 0.06 0.11

0.11 0.93 0.04 6.95 0.10 0.30 0.22 0.12 0.14 11.10 0.13

0.01 0.24 0.01 1.02 0.05 0.07 0.04 0.03 0.04 6.57 0.07

0.19 0.03 0.15 0.12 0.22

0.11 0.01 0.05 0.07 0.07

WWW.NORTHERNMINER.COM

FEBRUARY 21—MARCH 6, 2022 / THE NORTHERN MINER

MARCH 24, 2022

GEORGIA ROSEWOOD HOTEL VANCOUVER, BC

ROSS BEATY Chair Equinox Gold

SAVE THE DATE

MAGGIE LAYMAN VP, Exploration Osisko Development Corp.

The Northern Miner, The Canadian Mining Hall of Fame and Young Mining Professionals, have come together to organize the Mining Legends Speaker Series. Alternating between Vancouver and Toronto, each event will bring together professionals from across the industry to share knowledge, network, and discuss the future of the mining.

#TNMSPEAKERS

EVENT GUIDE | FEBRUARY 23 - 24 | 2022 GLOBAL MINING SYMPOSIUM

Presented by The Northern Miner

https://events.northernminer.com/

Message from the President, TNM Group

elcome back to all of our loyal subscribers and investor audience... and for those of you that are discovering TNM’s Global Mining Symposium for the first time, we hope that you will tune in to see what has made this a unique event over the last three years. As the tensions over the Ukraine mount, geopolitical risk is taking center stage and when that is combined with robust demand forecasts for critical metals and the uncertain supply projections, it is without hyperbole that I can say now more than ever is a crucial time to ensure you are getting the best inputs into your investment decisions. The Northern Miner team has assembled a World Class group of leaders to bring you just that so that you can better understand what a changing world order can mean to the mining and metals space. We offer a heartfelt thanks the industry leaders that support this endeavour by continuing to dedicate their time to join us and share their outlooks. The Q1 edition is bringing you a roster headlined by industry leaders including Mark Cutifani, Ian Telfer, Martin Lokanc from the World Bank & Britt Bluemel, just to name a few as well as, an incredible ESG focused panel, sponsored by Onyen. Guiding the conversation will be our cast of leading journalists, whose expertise lets them ask all the right questions, but if they don’t cover something you need to know, no worries, you the delegate can ask because as always the Global Mining Symposium is fully live, unlike most other virtual events.

And of course, as always, we are bringing you a suite of exciting juniors that are poised to accomplish some big things in the year ahead as they are advancing some of the industry’s best projects, and can share their innovative technologies that will help them drive value in the coming year. We look forward to our hosting our engaged audience and responding to your excellent questions and comments for our team and for our guests. We look forward to hosting you on February 23 & 24, 2022 as well as, our Q2 Symposium taking place May 25 & 26th, 2022, with the the Q3 Symposiums coming in September. Perhaps most exciting of all we will be back to hosting the Symposium in London, UK at Canada House for Q4, which will be a hybrid format of in-person as well as, virtually, so we can continue to keep the global engagement. Best Regards

Anthony Vaccaro

President, The Northern Miner Group

• Commenced Lithium Extraction Testing • Water Rights Secured • Advancing to Feasibility Stage

TSXV: CYP | OTCQX: CYDVF

GLOBAL MINING SYMPOSIUM

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SILVER SPONSORS

Onyen offers resource companies an innovative software solution to not only complete their Environmental, Social and Governance (ESG) reporting obligations, but to heighten their ESG profile.

Manifest Climate is a climate intelligence platform that provides a simple and efficient way for organizations to understand their climate risks and opportunities, produce TCFD-aligned disclosures and increase their resilience. It combines cutting-edge technology with an industry-leading database of climate disclosures and ongoing support from climate experts to deliver climate guidance at scale, faster and more cost-effectively than alternatives. There are three core modules: 1. Climate Maturity Assessment Module - understand and track over time how climate actions and disclosures align to TCFD recommendations.2. Market Intelligence Module - cut through the noise with comprehensive coverage and independent insight on the cross-sectoral climate trends that matter to the business. 3. Learning & Resource Hub - build climate competency from within by making business-oriented climate education accessible to all employees who need it.

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PANEL SPONSOR

PRESENTING COMPANY PROFILES

Metallum Resources Inc. is a Zinc and Copper focused base metal resource company headquartered in Vancouver, British Columbia, with operations in Ontario. We are advancing our high-grade Superior Lake Polymetallic Zinc and Copper project located 150km East of Thunder Bay. We recently published a Feasibiity Study with very compelling metrics, with short term payback and very low Capex and opex numbers. Metallum has a very experienced team, that built mines, expanded respurces and created shareholder value time over time. We have the resources, and the team to build the mine sustainably with local support. The product is free from deleterious materials, and highly desireable by smelters and traders. Worldclass infrastructure is in place, and various permits are already obtained and in the works. Most advanced Zinc project in North America, and has the lowest market cap.

Astra Exploration Inc. is a precious metals exploration company based out of Vancouver, BC, Canada. Astra is engaged in the acquisition, exploration and development of epithermal gold-silver properties in Chile and currently has a portfolio of one material property: the Pampa Paciencia Project located in the Antofagasta Region of Chile. Astra’s current focus is the development of the Pampa Paciencia Project.

PRESENTING SPONSORS

Cypress Development (TSX.V: CYP) (OTCQX: CYDVF) is a Canadian based advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Work completed by Cypress led to the discovery of a worldclass resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America’s only lithium brine operation. Cypress is advancing its Clayton Valley Lithium Project in Nevada towards the production of high-purity lithium hydroxide suitable for tier one battery usage.

Battery Mineral Resources (BMR-V, BTRMF-OTCQB) has been public for less than one year but has been active for nearly five years. Our flagship asset is our former producing Punitaqui copper mine in Chile. We acquired Punitaqui out of bankruptcy in early 2021 and initiated infill and exploration drilling as part of a technical report to be published in late Q1 or early Q2. The technical report will be our blueprint to restart the Punitaqui mine in the next nine to twelve months. Historically, Punitaqui produced between 20m to 25m lb. of copper in concentrate per annum which is our primary goal. Beyond that, we will continue to conduct both infill and exploration drilling while also exploring new “blue sky” exploration targets on our properties around our Punitaqui mill. We also hold a high-grade cobalt property in the Cobalt Embayment of Ontario that hosts a +1m pound cobalt resource. We have a dominant position in the Ontario cobalt belt with over 1,100 km2 of claims. We own two high-grade drill ready cobalt projects in the Idaho cobalt belt. We have an early-stage lithium brine project in Nevada as well as two former production graphite mines in South Korea.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success and expertise of the Osisko team as it grows towards being a gold producer with several multi-million ounce deposits in Québec. O3 Mining is well-capitalized and owns a 100% interest in all its properties (137,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSX.V: OIII) and on OTC Markets (OTCQX: OIIIF). The company is focused on delivering superior returns to its shareholders and longterm benefits to its stakeholders.

White Gold Corp. is a Canadian gold exploration company operating exclusively in the prolific White Gold District located south of Dawson City in northwest Yukon, Canada. White Gold’s district scale land package spans over 420,000 hectares, representing 40% of the District and includes defined gold deposits and exciting exploration targets. The Company’s gold resources include its flagship Golden Saddle and Arc deposits which collectively contain Indicated Resources of 1,140,000 ounce at 2.28 g/t Au and Inferred resources of 402,100 ounces at 1.39 g/t Au, and the VG deposit which contains Inferred Resources of 267,600 at 1.62 g/t Au, all of which remain open for expansion. Led by Shawn Ryan, our experienced team have developed an innovative data driven exploration strategy that continues to deliver significant new discoveries including 3.46 g/t Au over 50m at Betty Ford, 8.69 g/t Au over 12.3m at Ryan’s Surprise, 1.35 g/t Au over 21.33m at Ulli’s Ridge, and 22.47 g/t Au over 30.46m at Vertigo, while also advancing a robust pipeline of exciting early-stage projects. Strategic shareholders include Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC), with each owning approximately 17% of the Company.

Baselode Energy is advancing the new ACKIO uranium discovery in the Athabasca Basin area, northern Saskatchewan, Canada. The Company is fully funded with over CAD$11 M in the bank to complete a minimum 20,000 metres of planned diamond drilling to advance ACKIO and the remaining 227,000 hectare land package prospective for high-grade uranium mineralization. Baselode has achieved a 12x return for investors since the Company’s IPO in June 2020.

Blue Sky Uranium Corp. (TSX.V: BSK) is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium-vanadium projects into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. The Company’s fl agship Amarillo Grande Project was an in-house discovery of a new district that hosts the largest NI 43-101 uranium resource in the country with an initial Preliminary Economic Assessment.

Boroo is a fast-growing gold producing company with assets in Peru and Mongolia. Boroo is focused on becoming a global mid-tier metals producer within next 3 years by acquiring and turning around undervalued brownfield assets through extending life of mine, optimizing project costs and delivering projects on time and under budget. Boroo had acquired their first gold asset, Boroo mine in Mongolia, from Centerra Gold Inc. in October of 2018 and experienced recent growth through the acquisition of Lagunas Norte gold mine from Barrick Gold Corporation in June of 2021. Boroo’s approach is to have a positive impact on the economies of our local communities and host countries to bring today’s dream into tomorrow’s reality, and is committed to the principles of responsible mining and delivering sustainable value to all stakeholders, including our employees, contractors, suppliers and local communities. Boroo is trusted to unlock the full benefits of the material we mine for all those invested in its discovery and production.

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PRESENTING COMPANY PROFILES SILVER

BRONZE SPONSOR

PRESENTING SPONSORS

Canada Silver Cobalt Works is dual-focused silver and battery metals company. It recently discovered a spectacular high-grade silver-cobalt deposit at its Castle East property in Northern Ontario. The deposit has the highest silver grades in the world with drill intercepts up to 89,853 g/t silver (or 2,621 oz/ton) and the resource grade averaging 8,582 g/t silver (or 250.2 oz/ton). It is planning a major resource update in the coming months which will include several new veins discovered in an 18-month drill program along with a ramp to access the high-grade silver veins and process the material into silver dore bars at its nearby TTL ‘mini-mill’. The company also has 15 battery metals properties in Northern Quebec where it has discovered massive sulphides with high-grade nickel and copper. And it has the proprietary, ‘Green’ Re-2Ox hydrometallurgical technology for extracting battery metals and producing cobalt, nickel and copper sulphides needed by electric vehicle (EV) battery manufacturers while meeting strict zero-discharge environmental standards.

Candente Copper is developing its flagship project Cañariaco, within which Cañariaco Norte, is the 10th largest late-stage copper resource in the world (over 9B pounds copper, 2.1M ounces of gold and 59.4M ounces of silver Measured and Indicated*) and 6th highest in grade (RFC Ambrian, December 2021 and Haywood, December 2021). A positive PEA was recently completed on its 100% owned Cañariaco project. Based on projected average annual metal production of 173M pounds copper, 31,395 ounces gold and 703,588 ounces silver for 28 years and an initial capital cost estimate of $1.04B, the Cañariaco Norte project has an after-tax net present value (“NPV”) of US$1,010M using a copper price of US$3.50/pound and a discount rate of 8%. The NPV increases to US$1,833M and payback of 4.5 years when using a copper price of US$4.50/pound.* In addition to Cañariaco Norte, the Cañariaco Project includes the Cañariaco Sur deposit (2.2B pounds copper, 1.2M ounces of gold and 15.0M ounces of silver Inferred*) and Quebrada Verde prospect, all within a 4km NE-SW trend in northern Peru’s prolific mining district. The Company is very pleased to now have Cañariaco Norte included in 4 research reports that compare global copper projects. RFC Ambrian: Cañariaco Norte in top 10 of 23 projects with potential to involve third party M&A (December 2021); Haywood: Cañariaco Norte one of 18 assets selected as likely to be considered by majors looking to acquire (December 2021); Deutsche Bank: Cañariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap (February 2021); Goldman Sachs: Cañariaco Norte identified with incentive copper price in the lowest quartile of the top 84 copper projects worldwide (October 2018). *Please refer to Candente Copper News Releases dated January 28, 2022 and February 8, 2022 for full details on the PEA and Cañariaco Resources.

Evergold Corp. is a B.C.-focused, TSXV-listed, mineral exploration company. The Company was founded by a team with a record of recent success in the province, namely the establishment of GT Gold Corp. in 2016 and the discovery (announced July 25, 2017 and December 13, 2017 respectively) of the massive Saddle South and North Cu-Au-Ag deposits in B.C.’s Golden Triangle, acquired (deposits and company) by Newmont Corporation in 2021. After several seasons of searching, in the final 3 holes of the 2021 field season the Evergold team discovered the first high-grade gold-silver domain within the large-scale, kilometres-long footprint of the GL1 Main zone, located on the Company’s flagship Golden Lion property in the rich geology of north-central B.C. The results included the highest grades ever achieved in drilling on the property. The initial high-grade domain is open for expansion, and the nature of these large epithermal systems suggests a high likelihood of finding more as the Company explores the system below and along strike. The Company plans follow-up drilling in the approaching 2022 field season.

Equity Metals Corporation is a Manex Resource Group Company. Manex provides exploration, administration, and corporate development services for Equity Metals’ two major mineral properties, the Silver Queen Au-Ag-ZnCu project, located in central B.C., and the Monument Diamond project, located in Lac De Gras, NWT. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. The project owners are Equity Metals Corporation (57.49%), Chris and Jeanne Jennings (22.11%); and Archon Minerals Ltd. (20.4%). Equity Metals is the operator of the project. The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value to the Company. Gold Island Inc. is a Canadian gold exploration company with a large portfolio of properties in Newfoundland. The Company holds seven highly prospective claim blocks totalling 1,675 square kilometres. The areas were selected by renowned prospector Shawn Ryan following exhaustive research of regional geological and structural data plus compilation of historic geochemical sampling. Most areas have seen minimal modern systematic gold exploration. Several claim blocks have never been staked. The Gold Island team is led by Adrian Fleming, a geologist with a track record of exploration success and credited with important discoveries in PNG, Australia, South America and Canada. Formed in 2021, the Company has assembled the key components for successful gold exploration and value creation for shareholders are; properties, people, financial resources and methodology.

Lomiko Metals is a people-first company whose mission is to manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Its goal is to create a new energy future in Canada by growing the critical minerals workforce, becoming a valued partner and neighbour with the communities in which it operates, and providing a secure and responsibly sourced supply of critical minerals. Lomiko holds a 100% interest in its La Loutre graphite development, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory in southern Quebec 180 kilometres northwest of Montreal. It is also working towards earning a 70% stake in the Bourier lithium project, located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, in Canada’s lithium triangle that has historically housed lithium deposits and mineralization trends.

Southern Silver continues to advance the Cerro Las Minitas project as one of the world’s largest undeveloped silver/lead/ zinc resources, through advanced exploration, pre-production metallurgical and engineering work, and economic assessment. The CLM Ag-Pb-Zn-Cu Skarn system is well located in southern Durango, Mexico, in a safe jurisdiction, surrounded by producing companies, with easy access and strong community support. A total of 180 drill holes for 81,000 metres has been completed on the CLM Project with exploration expenditures of approximately US$30.0 million equating to exploration discovery costs of approximately C$0.09 per AgEq ounce. Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions.

Founded by business and exploration specialists, Stuhini Exploration is a Canadian-based mineral exploration company with its primary focus on high-potential road accessible mineral assets in Western Canada. The Companies portfolio of exploration properties include: the flagship Ruby Creek Property, 14 km east of Atlin, BC; the Que Project ,70 km north of Johnson’s Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; and the Big Ledge Property, 57 km south of Revelstoke, BC. Its flagship asset is the Ruby Creek Project near Atlin British Columbia which hosts the world-class historical Adanac Molybdenum deposit which is a rare pure-play Climax type molybdenum deposit. The Company has 26 million shares outstanding with 43% held by insiders.

Geotech Ltd. has conducted airborne geophysical surveys for more than three decades becoming a leader in the development of new and progressive technologies for airborne geophysical surveying, many of Geotech’s unique and proprietary systems have evolved to become the industry standard. Over its 35 years in business, Geotech has produced a staggering amount of intellectual property: the company has more than 75 patents and patents pending. In fact, its innovations have shaped Geotech, allowing it to transform from a small instrumentation company to a leading EM survey supplier globally with offices and employees around the world. Geotech has grown to include over 40 fixed wing and helicopter airborne geophysical platforms and a fleet of over 20 aircrafts with its sister company Geotech Aviation in order to provide clients globally in the oil & gas, minerals and mining, groundwater, government and environmental industries with airborne geophysical survey maps and interpreted data. Geotech’s geophysical exploration platforms include their proprietary VTEM®, ZTEM® as well as Gravity, Magnetics and spectrometer systems. Geotech understands that the success of the data-driven platform is reliant upon the quality of the data gathered and the effectiveness of its analysis and interpretation. Geotech is driven to acquire and deliver the highest quality data and data products which provide our clients with the confidence and assurances to make the high dollar value decisions required in our industry.

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KEYNOTE SPEAKERS Mark Cutifani • Chief Executive, Anglo American PLC

Mark Cutifani, FREng CEng FIMMM FAusIMM DBA (Hon) DoL (Hon) BE (Mining– Hons), was appointed Chief Executive of Anglo American Plc on 3 April 2013. He is a qualified mining engineer with more than 45 years of broad experience in projects, operations, marketing, business development and finance. Mark is also the Chairman of De Beers Group of Companies, a non-executive director of Total SA, and a non-Executive Director of Anglo American Platinum Limited. Mark has considerable experience in mining, having been associated with the industry since 1976 and has a practical working knowledge of most of the commodities produced and sold across the globe. He has had line experience and responsibility for mining and industrial businesses across six continents. Prior to joining Anglo American, he held the position of Chief Executive Officer at AngloGold Ashanti based in South Africa, and before that he was the Chief Operating Officer for Inco and then Vale’s global nickel business, based in Canada. Prior to his Vale role he held senior executive positions with the Normandy Group, Sons of Gwalia, Western Mining Corporation, Kalgoorlie Consolidated Gold Mines and CRA (Rio Tinto). Mark is a mining engineer by training with several published papers and presentations. In his 45 years in operations, business development and corporate roles he has had line responsibilities across more than 30 countries, producing more than 20 commodities.

Martin Lokanc • Senior Mining Specialist, The World Bank

Martin Lokanc is a senior mining specialist in the World Bank’s Energy and Extractives Global Practice. He currently supports and leads mining sector development activities across Africa, in addition to managing a number of research and global knowledge projects. Trained as a mining engineer and economist, he has global experience in mine development, mining strategy, mineral and energy economics, corporate finance, government relations and economic development, gained over more than 20 years working in the private sector and with the World Bank Group. Martin holds a BSc in mining engineering from the University of Alberta, Canada; an MSc in mining engineering, specializing in mineral economics, from the University of the Witwatersrand, South Africa; and a PhD in mineral and energy economics from the Colorado School of Mines in the United States.

GLOBAL MINING SYMPOSIUM

KEYNOTE SPEAKERS Jos Schmitt •

Co-Founder, President & Ceo Of The Neo Group Of Companies Jos Schmitt is the Co-Founder, President and CEO of the NEO Group of companies, a bold and disruptive capital markets fintech organization comprised of the NEO Exchange — a Tier 1 stock exchange fueling the innovation economy, and NEO Connect — a multi-asset distribution platform supporting mutual funds and private offerings. Jos formed the NEO Group with the support of a number of blue-chip Canadian financial institutions. Prior to the NEO Group, and in the role of President & CEO, Jos formed the Alpha Group of companies, including the Alpha Stock Exchange. This followed his role as EVP Head of the Americas and Global Head of Capital Markets for a global professional services company focused on the financial services industry, where he acted as strategic advisor and Director of Operational and Technology Programs for some of the largest stock and derivatives exchanges, clearing houses, alternative markets, data vendors, and broker-dealers around the globe. Jos has a strong commitment to the community as a member of the board of The Prosperity Project, a NFP that aims to mitigate the impact of Covid-19 on Canadian women; as a champion of the UN Global Compact and UN Women “Women’s Empowerment Principles”; and as a former board member of the Sunnybrook Foundation. Jos is also a board member of the Investment Industry Regulatory Organization of Canada (IIROC), and a member of advisory boards to the Ivey Business School at Western University and to the École des Sciences de la Gestion at Université du Quebec A Montréal.

Ian Telfer • Chairman, Aris Gold

Canadian mining executive and entrepreneur Ian Telfer has more than three decades of experience in the international resource sector, and has earned a reputation for building successful mining companies. Ian graduated from the University of Toronto with a Bachelor of Arts in political science. He also has an MBA from the University of Ottawa. Ian formerly served as Chairman of the Board at Vancouver-based Goldcorp Inc., which was acquired by Newmont for $15 billion. Besides leading Goldcorp, Ian has directed other mining companies including TVX Gold, Wheaton River Minerals, Silver Wheaton, Terrane Minerals and Uranium One. Ian’s leadership helped these firms reach a collective market capitalization of more than $50 billion during their peak performances. From 2009 to 2013, Ian served as Chairman of the World Gold Council (WGC). Ian is also well-known for his philanthropic endeavours. In 2007, Ian donated $25 million to the University of Ottawa’s business school, which was renamed the Telfer School of Management. In 2015, he donated another $2 million to the Telfer School of Management. Ian has been the recipient of a number of awards and accolades. In 2015, Ian was inducted into the Canadian Mining Hall of Fame. In the spring of 2016, Ian was inducted into the Business Laureates of British Columbia (BLBC) Hall of Fame, and in 2017 he was inducted into the Canadian Business Hall of Fame.

Creating Value Through Discovery TSX:DNT & BVL:DNT

FLAGSHIP PROJECT: Cañariaco in Northern Peru

• Large Copper Gold Silver Resource at Cañariaco Norte (9.3B lbs Cu, 2.1M oz Au, 59.4M oz Ag M+I) * • Initial Copper Gold Silver Molybdenum Resource at Cañariaco Sur (2.2B lbs Cu, 1.2M oz Au, 15.0M oz Ag, 18.9M lbs Mo Inf) * • 2022 Ausenco PEA completed with lower CapEx and improved ESGs ($1.01B NPV, $1.04B CapEx at $3.50/lb Cu) *

3rd Party Validation

(Fortescue Metals, RFC Ambrian, Haywood, Goldman Sachs and Deutsche Bank) *Refer to Candente Copper news releases dated January 28, 2022 and February 8, 2022 for complete details on PEA and Resources.

Jonathan Paterson | Jonathan.Paterson@HarborAccessllc.com | +1 475 455 9401

GLOBAL MINING SYMPOSIUM

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FEATURED SPEAKERS Britt Bluemel • Senior Geochemist, Goldspot Discoveries Corp.

Britt has over 15 years experience in mineral exploration and mining. She specializes in exploration geochemistry, alteration modelling, and multivariate data analysis. Britt is passionate about advancing the way we geoscientists interrogate our data to extract the most meaningful and valuable information possible. Britt has spent much of the last 5 years teaching a variety of short courses to both academia and industry on exploratory data analysis of geochemical data, as well as theoretical and practical short courses on the collection and utility of hyperspectral imaging data. Currently, Britt works with GoldSpot Discoveries - a group of geoscience and data science experts who work collaboratively to bring data-oriented solutions to the field of economic geology and mineral exploration.

Stephen Flood • CEO, GoldCore

Stephen is the CEO of GoldCore, one of the oldest gold and silver dealers in the market today that has turned over $1 billion in transactions and manages $300 million in assets for their clients. After Stephen received his degree at Portobello Business College in Dublin, Ireland, he began his career in finance. He held financial and trading positions in New York City, before joining Goldman Sachs as a Sales Trader in Equity Derivatives. When he returned to Ireland to put his experience in trading, risk, and financial markets at Goldman to good use, his entrepreneurial drive led him to establish his own financial services firm at GoldCore where they advise clients on gold and silver purchasing and storage. Stephen is married with three young, lively boys, and, when he’s not at work, he loves the outdoor life. He resides in the rural Dublin Mountains and enjoys mountain walking, swimming and biking with the family.

GLOBAL MINING SYMPOSIUM

PRESENTING SPEAKERS Nick Cacos • President & CEO, Blue Sky

Mr. Cacos brings over 25 years of management and advisory expertise in the mineral exploration industry. He has worked with Grosso Group since inception and serves as senior level executive for all the member companies. Mr. Cacos’ career includes administration and strategic planning for public companies. He currently serves as an offi cer and director of a number of TSX Venture Exchange listed companies. He holds a Master of International Management degree from Heidelberg, Germany and a Bachelor of Science degree from the University of British Columbia.

David D’Onofrio • CEO, White Gold Corp.

David has over a decade of experience in corporate finance and capital markets with a focus on the natural resource sector. As an executive with the PowerOne Group he has developed a depth of knowledge in representing, advising, and assisting emerging companies in accessing capital, advising on mergers and acquisitions and managing their businesses. David is a Chartered Professional Accountant and has also served in a variety of executive roles and director positions to a wide array of private and public enterprises.

Dulguun Erdenebaatar • CEO, Boroo

Mr. Dulguun was appointed Chief Executive Officer of Boroo in October 2018, following completion of the acquisition of Centerra Gold Inc’s (TSE: CG) Mongolian business units. He led the negotiation with Centerra Gold Inc. and most recently with Barrick Gold Corporation for Boroo’s acquisition of the Lagunas Norte property located in Peru. Over the past 10 years, Mr. Dulguun has specialized in mining sector mergers and acquisitions and financial consultancy for the mining and commodity businesses.

CONTINUED ON PAGE 8

TURNING AROUND UNDERVALUED ASSETS A PROVEN STRATEGY

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Boroo is a fast-growing gold producing company with assets in Peru and Mongolia Boroo is focused on becoming a global mid-tier metals producer by acquiring and turning around undervalued brownfield assets through: 

extending life of mine,

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optimizing operating and project costs, and



delivering projects on time and under budget

Portfolio of world-class gold assets, with a balanced geopolitical profile, offering near-term cash flow and significant growth potential

www.boroomc.com.sg

GLOBAL MINING SYMPOSIUM

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PRESENTING SPEAKERS Adrian Fleming • CEO, Gold Island

Adrian is a Geologist with over 40 years international experience in exploration, project development and mine operations. He has been a member of, or led teams that made gold discoveries at Porgera, PNG; Big Bell, WA; Gross Rosebel, Suriname; Hope Bay, Canada; and White Gold, Yukon, Canada. The White Gold discovery in 2008 resulted from systematic soil geochemistry undertaken by Shawn Ryan. Adrian is a Director of several other TSX.V companies.

Joanne C. Freeze, P.Geo • President & CEO, Candente Copper Corp.

Joanne (Joey) C. Freeze is President, CEO and co-founder of Candente Copper Corp. Since entering the mineral exploration business in 1979, Ms. Freeze has managed exploration programs and evaluated projects for both junior and major international mining companies such as Queenstake Resources Ltd., Arequipa Resources Ltd., Mountain Province Mining Inc., Placer Dome Inc., Dia Met Minerals Corp., Hughes/ Lang Group and Utah Mines Ltd. (BHP). Ms. Freeze lived and worked in Peru from 1994 to 1997 where she carried out both project generation work and property evaluations for Canadian and Peruvian companies. As a result of her experience in Peru, a partnership was formed with Peruvian geologist Ing. Fredy Huanqui (co-discoverer of the Pierina gold mine) and a new mineral exploration company was born. Candente Resource Corp. was established in 1997, which operated privately until going public on May 15, 2000. Since then, Candente Resource Corp. has spun-out various assets to form two other companies, Candente Gold Corp. and Cobriza Metals Inc.. All three companies are listed on the TSX and the Candente companies are co-listed on the Lima stock exchange. Ms. Freeze is CEO of all three companies and President of Candente Gold Corp. Ms. Freeze obtained a B.A. in Geography from the University of Western Ontario in 1978 and a B.Sc. in Geology from the University of British Columbia in 1981. She is a Fellow Member of the Geological Association of Canada and is registered with the Association of Professional Engineers and Geoscientists of British Columbia, Canada.

TSXV: EVER OTC: EVGUF

evergoldcorp.ca

HIGH GRADES FROM GOLDEN LION DRILLING ESTABLISH A BRIGHT OUTLOOK FOR 2022 After several seasons of searching, in our final 3 holes of the 2021 field season we discovered our first high-grade gold-silver domain within the large-scale footprint of the fault-bounded epithermal-style GL1 Main Zone, located on our Golden Lion property in the rich geology of northwestern B.C. The results included the highest grades of gold, silver, zinc and lead ever achieved in drilling on the property. The initial high-grade domain is open for expansion in all directions, and the nature of these systems suggests a high likelihood of finding more as we explore the system below and along strike. Join us as we target high grades in our high-priority follow-up drilling in the approaching 2022 field season.

GLOBAL MINING SYMPOSIUM

PRESENTING SPEAKERS Matt Halliday •

P.Geo, President, COO and VP Exploration of Canada Silver Cobalt Works

Matt Halliday is a professional geologist who has more than 15 years of exploration experience in precious and base metals including with SGS GeoStat on projects around the world and more recently in the Cobalt Camp/Abitibi area with Kirkland Lake Gold and First Cobalt prior to joining CCW in 2019. Canada Silver Cobalt Works is dual-focused silver and battery metals company. It recently discovered a spectacular high-grade silvercobalt deposit at its Castle East property in Northern Ontario. The deposit has the highest silver grades in the world with drill intercepts up to 89,853 g/t silver (or 2,621 oz/ton) and the resource grade averaging 8,582 g/t silver (or 250.2 oz/ton). It is planning a major resource update in the coming months which will include several new veins discovered in an 18-month drill program along with a ramp to access the high-grade silver veins and process the material into silver dore bars at its nearby TTL ‘mini-mill’. The company also has 15 battery metals properties in Northern Quebec where it has discovered massive sulphides with high-grade nickel and copper. And it has the proprietary, ‘Green’ Re-2Ox hydrometallurgical technology for extracting battery metals and producing cobalt, nickel and copper sulphides needed by electric vehicle (EV) battery manufacturers while meeting strict zero-discharge environmental standards.

Kevin M. Keough • President & CEO, Evergold Corp

HBSc Geological Sciences, Queen’s University. Mr. Keough was previously the founder and CEO of GT Gold Corp., under whose tenure the company delivered (July 25, 2017 and December 13, 2017 respectively) the massive Saddle South and North Cu-AuAg discoveries in B.C.’s Golden Triangle, acquired by Newmont Corporation in 2021. He began his career in the oil & gas sector, progressing into gold and diamonds with Anglo American Corp. and De Beers in Africa, where he targeted the company into prospects that ultimately led to long-life mining operations still, 37 years later, in operation. He has more than 40 years diverse business experience on three continents including service to senior ministers in previous Canadian governments, rainmaking for investment banking, venture capital and technology firms in Canada and the U.S. and, since 2004 to present, founding and serving in a senior executive capacity with a succession of both public and privately held resource juniors active in Canada, the U.S., Mexico and southeast Asia. He couples a technical background and international experience with expertise in project and public company management, finance and capital markets, communications, and business development.

www.blueskyuranium.com

TSX.v BSK OTCQB:BKUCF FSE:MAL2

NEW VISION. NEW STRATEGY. NEW ENERGY. With a new, diverse management team, Lomiko is a people-driven company focused on creating a world of abundant renewable energy with Canadian critical minerals.

Leading Uranium Discovery In Argentina NI 43-101 compliant uranium resource • Controlling A New Uranium District • Preliminary Economic Assessment complete • Heathy Treasury • Comprehensive drilling program and engineer studies underway

La Loutre Graphite Project, Quebec 

High-quality ﬂake graphite to meet growing demand



Initiating 18,000m drill program Q1 2022



Starting Preliminary Feasibility Studies



100% owned & close to infrastructure

Get to know us at lomikometals.com (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)

Blue Sky Uranium Corp. (TSX.V: BSK) is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium-vanadium projects into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. The Company’s flagship Amarillo Grande Project was an in-house discovery of a new district that hosts the largest NI 43-101 uranium resource in the country with an initial Preliminary Economic Assessment.

GLOBAL MINING SYMPOSIUM

WWW.NORTHERNMINER.COM

PRESENTING SPEAKERS Joe Kizis • President, Equity Metals

Received his B.S. in Geology from Kent State University (Ohio) in 1974 and M.S. in Geology from University of Colorado in 1979. He has over 40 years in minerals exploration for disseminated gold in sediments, volcanics, and skarns; exhalite-hosted gold; volcanogenic massive sulfides; sediment-hosted massive sulfides; stockwork molybdenum; porphyry copper; copper oxide leach; and sediment-hosted uranium in the U.S. and abroad. Currently President and Director of Bravada Gold Corporation and Equity Resource Corp, and a Director of Valterra Resource Corp., sister companies within the Manex Group of Vancouver and past President and Director of Homestake Resource Corp, which was acquired in 2016 by Auryn Resources. Additionally, he was Vice President (1998/99), President (1999/2000) for the Geological Society of Nevada (GSN) as well as Chairman of Board of the GSN Foundation from inception in 2000 to 2002.

Martin Kostiuk • CEO & Director, Battery Mineral Resources

Martin Kostuik has over 28 years of diversified experience in the mining industry as a mining engineer and senior executive. Prior to joining Battery Mineral Resources, Mr. Kostuik was President and Director at Arizona Gold Corporation (formerly Kerr Mines) for four years. Prior to that, Martin was CEO and Director of Rupert Resources Limited. Mr. Kostuik has built a broad base of experience in precious and base metal operations, engineering, exploration, and capital projects with various companies including Luna Gold in Brazil (now Equinox Gold), Barrick Gold Corporation in Nevada, Taseko Mines Limited at the Gibraltar copper mine in British Columbia and DMC Mining Services (formerly Dynatec Corporation, a division of FNX mining).

Belinda Labatte • President & CEO, Lomiko Metals

Belinda Labatte, CFA, MBA, ICD.D, has more than 15 years of senior management experience in mining and the extractive industry, and 20 years of capital markets experience, including a decade of strategic development, capital markets investment banking experience, stakeholder engagement, and asset acquisition and disposition processes. Her most recent position was Chief Development Officer of Mandalay Resources Corp. Prior to that, Ms. Labatte was the founder and President of her own Company, The Capital Lab Inc., a leading Toronto-based consulting firm. Ms. Labatte is fluent in French, Spanish and German and graduated from the Rotman School of Management with an MBA. She holds the ICD.D designation and is CFA charterholder. Ms. Labatte serves as independent director of GCM Mining Corp and Star Royalties Ltd.

THE RUBY CREEK MOLYBDENUM DEPOSIT Historic in-situ resource has gross metal value in excess of CAD $10 billion Resource update expected Q1 2022 World bank has stated Molybdenum a key metal in green energy technologies

WHY THE RUBY CREEK DEPOSIT? • Shallow • Low strip ratio • Road accessible • Mines Act permit in place • Climax-type deposit – ESG friendly • Tight share structure with 26 million shares outstanding and 43% insider position

Contact: Dave O’Brien • dobrien@stuhini.com • 604.835.4019

WWW.STUHINI.COM

GLOBAL MINING SYMPOSIUM

PRESENTING SPEAKERS Robert W.J. Macdonald, MSc., PGeo Vice President of Exploration: Southern Silver Exploration Corp./ Equity Metals Corporation

Mr. Macdonald is the Vice President of Geological Services for the Manex Resource Group of Companies and in such capacity has been the Vice President Exploration and Exploration Manager for several publically listed companies including Southern Silver Exploration Corp., Homestake Resource Corporation (formerly Bravo Gold Corp.), Valterra Resource Corporation, Duncastle Gold Corp. and Fortune River Gold Corporation. Mr. Macdonald has overseen the exploration of many projects throughout North America including the discovery and delineation of the high-grade 1.2 million ounce Homestake Ridge Au-Ag deposit in northern British Columbia and is currently advancing Southern Silver’s 24 million tonne Cerro Las Minitas Ag-Pb-Zn project, Durango State, Mexico. Mr. Macdonald graduated with a B.Sc. (Hons) from Memorial University of Newfoundland in 1990 and earned a MSc. from the University of British Columbia in 1999. Over his career in the geosciences Mr. Macdonald’s work has focused on vein and intrusionrelated gold systems, VMS and Skarn/CRD environments. Prior to joining Manex, Mr. Macdonald worked as a geologist with the British Columbia Geological Survey and Teck Exploration on projects in Alaska, Peru and British Columbia.

Brian Miller • CEO & Director, Astra Exploration Inc.

Brian began working in exploration and mining in 2005 where he began his career in operations, logistics and project management. His background in business & finance provides a well-rounded acumen. He was formerly CFO and VP of Business Development at Kiska Metals Corp, where his experience included operations, business development, asset valuation, capital markets and M&A. His experience includes operations, business development, M&A, asset valuation, and capital markets. Brian has a bachelor of Science in Business with an emphasis in Finance from the University of Idaho.

CONTINUED ON PAGE 12

TSXV:FIND OTCQB:BSENF

info@baselode.com

Why Invest In Baselode? ACKIO zone: A new near-surface, basement-hosted, high-grade Uranium discovery in the Athabasca Basin – supports Baselode’s Athabasca 2.0 exploration model Actively diamond drilling 10,000 metres at ACKIO CEO, James Sykes, continues to deliver with a proven track record of discoveries Fully-funded with > $20 M in treasury, tight capital structure ~17% controlled by insiders Over 30,000 metres of additional diamond drilling planned on three projects (ACKIO, Hook & Catharsis) for Q2/Q3 2022; ripe for further Uranium discoveries

ADVANCING OUR FLAGSHIP CERRO LAS MINITAS (CLM) AG-PB-ZN PB-ZN PROJECT PROJEC R ROJEC T IN DURANGO, MEXICO ‘ONE OF THE WORLDS LARGEST L R LA RGEST UNDEVELOPED AG-ZN DEPOSITS’ Silver

Gold

Zinc

Lead

Copper

Silver Equivalent