The Northern Miner January 10 2022 Issue 1 by The Northern Miner Group

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JANUARY 10–23, 2022 / VOL. 108 ISSUE 1 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Chile elects Gabriel Boric to lead the country POLITICS

| Miners ask new administration to foster industry

Brazil fines Great Panther Mining's Tucano operation LEGAL

| Company says it intends to appeal

BY CECILIA JAMASMIE

leftist millennial who rose to prominence during antigovernment protests in 2019 was elected as Chile's next president on December 19, following a bruising campaign against a free-market and anti-immigrants candidate often likened to former U.S. President Donald Trump. The National Mining Society (Sonami), an industry body, congratulated Gabriel Boric and said voters had "sent a clear message" about the need to maintain Chile's economic and social development. "We trust that the spirit of programmatic convergence, moderation and openness to dialogue shown during the last week of the campaign will prevail," Sonami said in a statement. Boric, a 35-year-old former law student, vowed during his campaign to bury Chile’s “neoliberal” economic model. Although he later softened his message, he has kept the idea of giving the state a more active role in the sector, as well as higher royalties. He is also a fierce supporter of a state lithium firm and green investments. Since Chile not only is the world’s top copper producer but has the largest known reserves of lithium, his vision could prove positive for the country if he’s able to deliver on campaign promises. Both copper and lithium are among the most coveted commodities as they are both used in electric vehicles and infrastructure to support other greener technologies. During his victory speech, Boric reiterated he would oppose mining initiatives that “destroy” the environment, particularly the controversial US$2.5 billion Dominga copper-iron ore project that was approved in 2021. Born in 1986 to an educated middle-class family in the country's southernmost Punta Arena region, Boric attended one of the most elite private schools there before studying law at the University of Chile in Santiago. NorthernMiner_CMYK_Nov.pdf He didn't graduate but it took his

BY TRISH SAYWELL

Gabriel Boric gives his victory speech for the 2021 Chile Presidential Election. FOTOGRAFOENCAMPANA/ WIKIMEDIA COMMONS CC 4.0

interest in activism to new heights. In 2011, he became one of the main leaders of a historic student movement demanding free education for all, which eventually led to educational reform. In 2013, he was elected to Congress, and in 2016, he started his own political party, the Autonomist Movement. Political scientists, including Chilean Eugenio Tironi, have highlighted that Boric’s vision connects with this century's agenda: climate change, feminism, decentralization, the green economy, diversity and direct democracy. He’ll have a challenging time delivering on his equality promises, however, as Chile, once the most stable economy in Latin America, has one of the world's largest income gaps. About 1% of the population owns 25% of the country's wealth, according to the United Nations. Boric, Chile’s youngest president in history, has promised to address this inequality by expanding social rights and reforming the country’s pension and healthcare systems, as well as reducing the work week from 45 to 40 hours, and boosting renewable energy. Other major challenges include the delicate redrafting of a constitution to replace the divisive text adopted in 1980 during General Augusto Pinochet’s dictatorship. The election happened against 2021-11-24 10:46 AM the backdrop of a controversial tax

reform bill that may put a third of the world’s copper supply at risk. Under the proposed change, the “royalty” rate — the amount taken by the government — would be based on output rather than profits and could rise to 75% when copper prices exceed US$4 per pound. Around 14 of the country’s large copper mines have production costs above US$2.50 per pound. With a royalty, many could be forced to close when prices slip again. “Many low-grade operations will be put out of businesses, destroying jobs,” Manuel Viera, president of the Chilean Mining Chamber, said in May 2021. The full impact of the new tax would not be felt immediately. According to the Mining Council of Chile, most privately owned mines are covered by tax invariability agreements signed with the state until 2023. The government has projected mining investments of about US$70 billion through the end of the decade, most from private firms. Last year Chile produced a third of the world’s copper in the form of concentrates, anodes and cathodes. The nation is also the number 2 producer of lithium and is home to large zinc, molybdenum, gold, silver and lead reserves. It’s estimated that Chile would need US$150 billion in investment to reach its goal of nearly doubling copper output by 2050. TNM

reat Panther Mining (TSX: GPR; NYSE-AM: GPL) announced on December 30 that its Brazilian subsidiary, Mina Tucano, was notified on December 21 by the country’s Amapa State Environmental Agency, that a leak in a reclaimed water pipe at its Mina Tucano mine site in northeastern Brazil, was associated with the death of fish in the Areia and Silvestre Creeks. The state agency is imposing fines of R50 million (US$9 million) that are payable by January 31, the company said. The Vancouver-headquartered company said it intends to appeal the “amount of the fines and timing of any payment in its defense statements.” “Mina Tucano is actively investigating whether there could be any connection between the fish mortality event and the Tucano mine site,” Great Panther Mining stated in a December 30 press release. “Based on its initial investigation, including independent reports on fish toxicology and water quality received by Mina Tucano on December 28 2021, the company has prepared a formal defense against the position taken by the agency.” The relatively remote Tucano gold mine, about 200 km from Macapa, the state capital, consists of eight open pits, the Urucum North underground project, a processing plant and tailings dam. The company declined an interview request from The Northern Miner for more details and said it preferred to respond in writing. "The company has now filed its formal defense with SEMA in Brazil, which is available publicly, and has no further comments to the news release issued this morning," it wrote in an email. Great Panther also stated that the leak was not related to tailings.

CMY

AME’S KENDRA JOHNSTON PREVIEWS ROUNDUP 2022 / 5

According to information about the mine on Great Panther’s website, production from the pits is the responsibility of a mining contractor, U&M Mineração e Construção S.A., and the existing processing plant was designed by Ausenco. “After approximately four years of operation, an expansion was planned, also by Ausenco, as part of the original definitive feasibility study to install a 3 MW ball mill,” the website states. “This new secondary grinding mill, alongside the 7 MW single stage SAG mill, was installed in order to maintain 3.1 million tonnes per annum throughput capacity treating 100% of the much harder sulphide ore type.” It has been a challenging time for the company’s Brazilian mine. The announcement about the fines follows news in mid-October that consolidated production from the Tucano mine was expected to be lower than previously anticipated and costs higher, due to remediation work required at the Urucum See GREAT PANTHER MINING / 3 PM40069240

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GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 10–23, 2022

Three Chinese rare earth companies combine

GREAT PANTHER MINING From 1

Central south open pit. The company reported that Tucano’s geotechnical committee had advised the company that additional remediation work was required on the Urucum Central pit to improve safety factors, and mining from the pit had been temporarily suspended. “Based on preliminary information from the engineers received on October 16, 2021,” the company stated in its October 18 press release, "additional waste material needs to be removed and work has commenced on a new pushback on the west wall of the UCS pit. Further details will be provided once known. Initial estimates indicate that this additional work will take six to eight weeks to complete. As previously disclosed, vertical drains are currently being installed in the west wall of the UCS pit to reduce and mitigate water levels and are expected to be in place by late November.” “UCS is one of several pits at Tucano and we are considering multiple pathways to accelerate production from other areas,” Rob Henderson, the company’s president and CEO, stated in the press release. “This latest development is indeed a setback and delays our ramp up back to full production, but ultimately we expect to realize the value from the UCS pit once the pushback activity is complete. We continue to mine ore from the Urucum North open pit, and we are moving forward with plans to bring the TAP C open pit back into production and advance the high-grade underground project.

RARE EARTHS

T Great Panther's Tucano carbon-in-leach plant in Brazil. GREAT PANTHER MINING

Stripping continues on the TAP AB pit, which is scheduled to deliver ore in 2022.” Production from Tucano in the third quarter of 2021 fell 49% yearon-year to 16,325 ounces of gold, “primarily due to equipment availability issues and the temporary halting in mining activities due to slope instability,” the company stated in a summary of its third quarter results on October 8. Tucano is an iron formation hosted gold deposit, and sits on a tenement package that is about 90 km long by an average of 20 km wide. In other news at year-end, Great Panther announced on December

28 that David Garofalo, chairman of its board of directors, had resigned “effective immediately, in order to focus on other business commitments,” and that Alan Hair, an independent director, will replace him as the new chairman. Hair is a mining engineer and senior executive who has spent almost forty years in the industry, Great Panther said. In its email, Great Panther noted that “Mr. Garofalo stepped down from the board due to his position as Chairman, President and Chief Executive Officer of Gold Royalty Corp. requiring a significant amount of his time and resources.” TNM

| Merger could affect prices, analysts say

BY NAIMUL KARIM

he merger of three rare earth element producers in China — China Minmetals Rare Earth, Chinalco Rare Earth & Metals and China Southern Rare Earth Group — could affect global prices at a time when demand for REEs is rising due to their use in electric vehicles and other ‘green energy’ technologies, some analysts say. “The merged company will increase the control over prices in the international market place and could lead to even higher prices in the coming year,” independent economist Patricia Mohr told The Northern Miner. “The merger probably reflects the perceived need to consolidate control over the supply of heavy REEs in view of curtailed mine supplies from Myanmar [due to political developments in the Asian country],” Mohr added. “Power shortages in China may also be increasing the need for operational efficiencies in the processing of rare earth elements in China.” The Asian juggernaut is the world’s biggest producer of rare earths, a group of 17 minerals employed in a range of applications including permanent magnets used in EVs, renewable energy devices and military equipment. By some estimates, China controls about 85% to 90% of the world’s rare earths processing. CRU Group consultant Daan de

Jonge told the Reuters news agency that the merged company would be the world’s second-largest REE producer in terms of output after China Northern Rare Earth Group, and would account for about 70% of China’s heavy rare earths production, based on Chinese issued quotas for the first half of 2021. “This will mean that the pricing power of key rare earths, such as dysprosium and terbium, will be in the hands of one ‘super group,’” he told Reuters in an article published on December 22. Jiangxi Ganzhou Rare Metal Exchange, a fledgling bourse for spot transactions and Ganzhou Zhonglan Rare Earth New Material Technology, will also be folded into the new entity, the news agency reported. According to Mohr, REEs are already the “biggest winners” in terms of price appreciation in 2021, particularly the light REEs neodymium and praseodymium, and the heavy REE dysprosium — all of which are used in EVs. Mohr noted that the price of neodymium oxide (99% China FOB), for instance, hit US$142,300 per tonne on December 8, a 79% year-on-year increase, and the highest level since May 2012. And just before Christmas, terbium oxide (99.9% FOB China) reached US$1,730 per kilogram, up 68% from a year ago, while dysprosium oxide (99% FOB China) reached US$456 per kilogram, up 57% yearon-year. TNM

JOINT VENTURE ARTICLE

Evergold hits highest grades yet at Golden Lion in BC BY NORTHERN MINER STAFF

Canadian explorer Evergold (TSXV: EVER; US-OTC: EVGUF) owns precious-base metal projects in Nevada and the Toodoggone and Golden Triangle regions of British Columbia. The Toronto-headquartered junior is focused on advancing its 100%owned flagship Golden Lion goldsilver-zinc-lead project in northcentral B.C., about 360 km northwest of the town of Mackenzie. The property covers 5,099 hectares of highly prospective rocks in the Toodoggone district of the prolific metal-endowed Stikine terrane, an area that hosts several porphyry and epithermal mineralised systems and high-grade pastproducing mines and is presently seeing a resurgence of exploration and development activity. Significant projects in the region include Benchmark Minerals’ (TSXV: BNCH; US-OTC: CYRTF) Lawyers gold-silver project, about 25 km south of Golden Lion, and the Ranch gold-copper project owned by Thesis Gold (TSXV: TAU), 15 km to the southwest. Evergold recently completed its 2021 drill program on Golden Lion. The drilling comprised nine holes (1,811 metres) and targeted the GL1 Main zone. Kevin Keough, Evergold’s president and CEO, says the “final three holes of the drilling campaign intercepted

by far the highest grades of gold, silver, zinc, and lead ever achieved on the property in what we are now calling our first high-grade domain.” “The drilling established that this high-grade domain occurs within a broad envelope of moderate grade mineralisation, with the high grades starting at surface and extending to at least 190 metres down-dip to the northeast.” The three drill holes were GL21025, which returned 40.31 metres grading 1.99 grams gold per tonne, 23.7 grams silver per tonne, 1.2% zinc, and 0.5% lead from 119.69 metres downhole, including 2.81 metres of 10.35 grams gold, 651.3 grams silver, 10.9% zinc, and 3.7% lead. Hole GL1-024 intersected 66 metres of 1.36 grams gold, 11 grams silver, 0.3% zinc, and 0.2% lead starting from 43 metres, including 3.3 metres of 11.3 grams gold, 12 grams silver, 1.9% zinc, and 2.3% lead; and GL1-023 hit 40.88 metres of 0.98 gram gold, 1.8 grams silver, 0.4% zinc, and 0.5% lead from 82.12 metres, including 1.16 metres of 10.91 grams gold, 5.5 grams silver, 1.4% zinc, and 0.2% lead. According to Keough, previous sampling and mapping by Evergold combined with the company's 2020 drill program (16 holes totalling 2,988 metres) confirmed the presence of an extensive precious and base metalsenriched epithermal system at surface that consisted of a broad

Drilling on the GL1 Main zone at Evergold’s Golden Lion project in B.C. EVERGOLD

mineralised envelope defined by bulk tonnage-style intercepts. “Geophysical surveys conducted at the same time suggested the potential for system strengthening at depth, which we opted to test with the 2021 drill program. While the high grades are certainly there at depth, one positive surprise of the 2021 program is that they also come right to surface between the widely space previous drilling,” he said. Geological modelling by the company indicates that GL1 Main is a

large, shallow, steeply northeastdipping, northwest-southeast trending gold-silver plus zinc and lead zone that remains open along strike and at depth. The zone is situated “in proximity to a fault contact and mineralisation is traceable with sampling along some 2,700 metres of strike, with our widely spaced drilling to date testing only along about 500 metres,” Keough said. He added that the 2021 drill results suggest significant potential for

several high-grade domains to emerge as drill density is increased and exploration pushes into untested areas down-dip as well as along adjacent areas of the major fault associated with the zone. Evergold is modelling combined soil, drill assays, and geophysical datasets for GL1 Main with a view to releasing imagery from the modelling exercise early in 2022. Keough says these models will guide the next drill program and, now that the company’s first high-grade domain has been identified, it should be “very well positioned to rapidly advance the GL1 Main prospect in 2022, and deliver superior, highgrade drill results.” The company is also “wellfinanced with about $3 million in the treasury,” he said. Evergold’s other properties in B.C. include the high-grade gold-silver Snoball project in the Golden Triangle and the drill-ready Holy Cross goldsilver-copper project, about 60 km north of Artemis Gold’s (TSXV: ARTG) Blackwater project. It also owns the high-grade past-producing Rockland gold-silver project in the Walker Lane Trend in Nevada. The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by EVERGOLD and produced in cooperation with The Northern Miner. Visit www.evergoldcorp.ca for more information.

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JANUARY 10–23, 2022 / THE NORTHERN MINER

THE VIEW FROM ENGLAND

EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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The voice of a new generation in Chile

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: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (416) 510-6789 1-888-502-3456 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$130.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: C$172.00 one year Foreign: C$222.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

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hen Chile’s left-wing president-elect Gabriel Boric (pronounced Bo-rich) takes office on March 11, the 35-yearold will be the youngest president in the country’s history and as the editorial board of the conservative Wall Street Journal noted, will be “the most leftist politician to win in Chile since BY TRISH SAYWELL Salavador Allende in the 1970s.” Boric’s 56% to 44% victory over right-wing rival Jose Antonio Kast, marks a number of other ‘firsts’. The former student activist is the first “to come from outside the centrist political mainstream that has largely ruled Chile since its return to democracy in 1990,” writes Lucinda Elliott of the Financial Times, “and the first to secure a second-round victory after losing the first.” Voter turnout — at nearly 56% — was also “the highest of any presidential race since voting became voluntary in 2012,” Elliott calculated, while the New York Times pointed out that Boric received “the highest number of votes in a presidential contest in the nation’s history.” On December 30, U.S. President Joseph R. Biden Jr. called Boric to congratulate him on his December 19 election win, and “applauded Chile’s free and fair elections as a powerful example to the region and the world,” Press Secretary Jan Pesaki said in a statement. “The two leaders discussed their shared commitment to social justice, democracy, human rights and inclusive growth,” and President Biden “underscored the importance of U.S.-Chile cooperation to promote a green and equitable recovery from the Covid-19 pandemic and to address the existential threat posed by climate change.” Biden knows all too well — as do most other world leaders — how important Chile is to a greener future. The South American nation is the world’s biggest copper producer and has some of the world’s largest lithium resources. S&P Global Market Intelligence recently estimated that Chile will produce about 26.7% of the world’s mined copper and about 32% of its lithium chemical supply in 2021. Both are critical to the green energy transition. During his campaign, Boric, who is backed by a broad left-wing coalition that includes the Communist Party, moderated some of his positions to attract centrists, but his basic platform remained the same. He wants a greater distribution of wealth. Roughly 25% of the country’s wealth is owned by 1% of the population, according to the United Nations, making income inequality in the country the highest in the OECD, based on 2020 data. That was one of the reasons he played a key role in student protests in 2011 that demanded tuition wavers for poor students; and why he later supported mass protests sparked by a hike in subway fares in October 2019, but which snowballed into anger over high living costs, inadequate pensions and poor public hospitals and schools. The government called in armed forces and at least 30 people died — in addition to the scores of others blinded by rubber bullets. It was a defining moment. In November 2019, President Sebastian Pinera, a conservative billionaire, agreed to a referendum on writing a new constitution, which is now being written by members of a Constitutional Convention, elected by the public. Boric and his supporters want to break with some of the free-market economic models of the past. “If Chile was the cradle of neoliberalism it will also be its grave,” the politician declared during his campaign. He wants to overhaul the country’s private pension system and improve social services. He has called for higher taxes (see story on page 1), increases in government spending on public healthcare and education, and lower transportation costs. He advocates raising the minimum wage and shortening the work week. He also wants to back reforms that will improve the rights of women, indigenous communities and minorities. He champions the fight against climate change, wants to increase renewable energy, and has big plans to protect the environment. In his victory speech, Boric vowed that the controversial Dominga project, a proposed copper and iron mine owned by Andes Iron, a private Chilean company, would not go ahead due to environmental concerns. The project, about 500 km north of Santiago, is near ecological reserves. “We don’t want more projects that destroy Chile,” Boric said. Views on what his presidency may bring are mixed. “The policies of Boric carry an element of risk, a very significant increase in taxation and spending and tighter regulation,” Alberto Ramos, a Goldman Sachs economist familiar with Chile, was quoted as saying in a Wall Street Journal article on December 20. Others, like analysts at Stratfor Worldview, part of Stratfor Corp., an American geopolitics publisher and consultancy, say the election results could impact Chile’s business climate. “Pledges to increase taxes on both wealthy Chileans and the country’s mining sector will likely weaken Chile’s position in international markets, which have up until now favourably viewed the country’s economic trajectory. Economic risks — including the potential for downgraded credit rating, a weaker Chilean peso and/ or a capital flight spike — will increase, especially if the government implements anti-business policies.” Stratfor, part of Rane, a risk intelligence company, also noted that Boric “is likely to receive support among the center leftists to increase taxes and tariffs on Chile’s mining sector, potentially severely cutting into profits for global mining companies and decreasing investment in the sector, which is the backbone of the Chilean economy.” (Roughly 10% of the country’s GDP comes from mining, according to the U.S. International Trade Administration.) But others reason that Boric’s agenda will meet headwinds in a divided national Congress. He also has to deal with an economy hit hard by the pandemic, and at the same time not alienate his base. “He’s going to have to choose between going moderate or being radical,” Patricio Navia, a politics professor at Chile’s Diego Portales University, told the New York Times. “Whatever he chooses, it’s going to alienate many voters.” Boric is the first to recognize the challenges ahead. “I will be the president of all Chileans,” he pledged in his victory speech. Time will tell if he can pull off that promise. TNM

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

COLUMN

| On the rocks

BY DR. CHRIS HINDE Special to The Northern Miner

here is one aspect of geology that makes even us mining engineers sit up and take notice, namely the relationship it has with whisky. I edited an article on the subject 31 years ago by Stephen Cribb and Julie Davison (who subsequently married and co-wrote a book in 1998 called Whisky on the Rocks), and as a seminal work bears repeating at this festive time of the year. The generic term ‘whisky’ includes grain whisky (distilled using a mixture of barley and maize) and malt whisky (produced solely from malted barley and usually derived from a single source). Either way, the distilled alcoholic beverage is spelt ‘whiskey’ in Ireland and the ‘e’ is also used when referring to American whiskies. In the United States, bourbon is a whiskey distilled from a mash containing at least 51% corn, and rye refers either to American whiskey distilled from at least 51% rye or to Canadian whisky. Tennessee whiskey (for example Jack Daniel’s) is distinguished from other bourbon in that it is filtered through sugarmaple charcoal after distilling. Two wonderful quotes about whisky come to mind. “One dram is alright, two is too much, three is too few,” and “It sloweth age; it strengtheneth youthe; it helpeth digestion; it abandoneth melancholy; it relisheth the harte; it lighteneth the mynde; it quickeneth the spirite.” The first is an old saying from the Highlands of Scotland, and the second comes from Raphael Holinshed’s Chronicles of England, Scotland and Ireland. Incidentally, the second edition of this work, published in 1587, is widely believed to have been used by Shakespeare as the source for most of his history plays, for King Lear and also for the plot of Macbeth. The article by Cribb and Davison, published in December 1990, focused on unblended, single malt whisky. The authors noted that, at the time, with the exception of Bushmills from Northern Ireland, all U.K. single malt whiskies originated in Scotland (note that several single malts, including Teeling, are distilled in the Republic of Ireland). The Scottish whiskies are traditionally divided into five geographic groups; Highlands, Lowlands, Islands, Islay and Campbeltown. An important difference from the brewing of beer is that during the kilning of the barley, when the germinated growth is arrested by heating, peat is used as the main heat source and the peat smoke is allowed to permeate the malt. Two, and sometimes three, distillations of the wort take place in pot stills made of copper, the design

of which has varied little since the early days of whisky making. Cribb and Davison wrote that it is generally accepted that the composition of the naturally-occurring ground waters utilised in the production of the distillable liquor is a major factor in the unique nature of each malt whisky. The chemistry of this water is dependent on the geological horizon from which it has arisen. Consequently, malt whiskies can be examined from a geological rather than a geographical point of view. Geologically, the oldest of the malt whiskies are the Precambrian Torridonian varieties from the shores of Lochindaal on the west coast of Islay. The Bowmore and Bruichladdich distilleries derive their water from streams crossing coarse grits and arkose sandstones. These smooth, golden coloured, dry spirits compare markedly with the deep amber, full-bodied liquors distilled on the southern shores of the same island. Laphroaig, Lagavulin and Ardbeg utilise waters and seaweed-containing peats from the phyllite metamorphic rocks of the Lower Dalradian. These peats and the characteristic bare and exposed coastal locations of the distilleries result in the unique smoky, iodinelike pungency. Cribb and Davison wrote that to the southeast of Islay, on the Mull of Kintyre, the renowned Campbeltown malts use water derived from the mica-schists and slates of the Upper Dalradian. Regrettably, the sweet and smoky whiskies of Springbank and Glen Scotia are all that remained (in 1990) from over 30 distilleries. The full article ran to some 1,300 words, and ended its foray into the geological world of malt whiskies by noting that there are two that draw their water from the volcanics of the Tertiary Igneous Province in the Western Isles. These, said the authors, are the little known but surprisingly pleasing soft, golden and sweet Tobermory from the Isle of Mull, and the highly respected straw coloured, dry and peat flavoured Talisker from the desolate northeast coast of the Isle of Skye. Cribb and Davison concluded that a “true and full appreciation of malt whiskies can probably only just be achieved in a single lifetime. However, there can be no better way to educate oneself than to line a dozen or so of these fine distillates in stratigraphic order and work from oldest to youngest.” Done enthusiastically, you might also discover whisky’s ability, like those of a mining engineer, to make the earth move. 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 Artemis Gold . . . . . . . . . . . . . . . . . . . . . . . . . . 8,10 Ascot Resources . . . . . . . . . . . . . . . . . . . . . . . . . . .5 ATAC Resources . . . . . . . . . . . . . . . . . . . . . . 11,12 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Benchmark Metals. . . . . . . . . . . . . . . . . . . . . . . .12 BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Cassiar Gold . . . . . . . . . . . . . . . . . . . . . . . . . . 12,13 Copper Mountain Mining . . . . . . . . . . . . . . . . 7,8 Elemental Royalties . . . . . . . . . . . . . . . . . . . . . . . .7 EMX Royalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Ferro-Alloy Resources . . . . . . . . . . . . . . . . . . . . .6 Fortune Minerals . . . . . . . . . . . . . . . . . . . . . . 13,14 Franco-Nevada . . . . . . . . . . . . . . . . . . . . . . . . . 5,10 Generation Mining . . . . . . . . . . . . . . . . . . . . . . . .8 Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Gold Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Granite Creek Copper. . . . . . . . . . . . . . . . . . . . .14 Great Panther Mining . . . . . . . . . . . . . . . . . . . . 1,3 Hochschild Mining . . . . . . . . . . . . . . . . . . . . . . . .5 Hudbay Minerals . . . . . . . . . . . . . . . . . . . . . . . . . .6 IGO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

Josemaria Resources . . . . . . . . . . . . . . . . . . . . . . .6 Lundin Mining . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Maverix Metals . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Metalla Royalty & Streaming . . . . . . . . . . . . . . . .7 Mountain Province Diamonds . . . . . . . . . . . . .13 New Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,10 Newcrest Mining . . . . . . . . . . . . . . . . . . . . . . . . . .5 Newmont Mining . . . . . . . . . . . . . . . . . . . . . . . . .5 Next Source Materials . . . . . . . . . . . . . . . . . . . . . .9 Nomad Royalty . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Noront Resources . . . . . . . . . . . . . . . . . . . . . . . . .8 Northisle Copper and Gold . . . . . . . . . . . . . 14,15 Pretium Resources . . . . . . . . . . . . . . . . . . . . . . . . .5 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Sibanye-Stillwater . . . . . . . . . . . . . . . . . . . . . . . . .8 Skeena Resources . . . . . . . . . . . . . . . . . .5,10,15,16 Vision Blue Resources . . . . . . . . . . . . . . . . . . . 9,16 Western Areas . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Wheaton Precious Metals. . . . . . . . . . . . . . . . 8,10 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 10–23, 2022

Opening ceremonies at Roundup in 2020. AME

AME Roundup will be in-person and online this year AME ROUNDUP

| Jan. 31 - Feb. 3 conference will focus on key themes in the industry

BY TRISH SAYWELL

ME Roundup in Vancouver is one of the largest annual gatherings of the global mineral exploration industry and there will be lots to celebrate this year including British Columbia’s performance in 2021 and the province’s prospects for 2022, says Kendra Johnston, AME’s president and CEO. The Canadian province is on track to excel on a number of metrics in 2021, the geologist and mining executive says, and the final numbers will be released at AME Roundup, including the amount of money spent on exploration in the province last year, the number of metres drilled, and the tally of money raised. “2021 was a really, really strong year,” Johnston says in a pre-conference interview. “British Columbia is a centre of excellence for mineral exploration and this year reinforced it. Explorers who live and have their home bases here are getting out into B.C. to explore.” Indeed, the amount of money raised for exploration in the province in the first eleven months of 2021 hit $654 million, up from the $451 million raised in all of 2020, and there’s potential for it to meet or exceed the record set in 2012 of $680 million, Johnston says. The number of metres drilled in the province has also been impressive, at 1.2 million metres, she said, “and we are on track for 1.5 million.” Last year the 12-month total was 991,000 metres. One of the advantages B.C. offers exploration companies is its straightforward regulatory system, Johnston says. “Our system is transparent and so folks can get out on the ground relatively easily and start work.” The province certainly saw its fair share of deals last year, including Newcrest Mining’s (TSX: NCM; ASX: NCM) acquisition of Pretium Resources (TSX: PVG) for $3.5 billion; Newmont Mining’s (TSX: NGT; NYSE: NEM) $456 million acquisition of GT Gold (TSXV: GTT); Yamana Gold’s (TSX: YRI, NYSE: AUY; LSE: AUY) move to take a 6.4% in Ascot Resources (TSX: AOT); Hochschild Mining’s (LSE: HOC) $115 million investment to earn a 60% stake in Skeena Resources’ (TSX: SKE) Snip project; and Franco-Nevada’s (TSX: FN) strategic investment in midDecember for a 2.25% stake in Skeena. “I think there’s more excitement to come,” Johnston says. “Those larger companies are watching and

A social innovation panel at AME Roundup in 2020. AME

Deals start over conversations in the Core Shack, AME Roundup 2020. AME

“AME ROUNDUP IS THE PLACE WHERE DEALS ARE MADE, TRENDS ARE SET AND TALENT IS DISCOVERED. IT’S GOING TO BE A REALLY INTERESTING CONFERENCE AND WE'RE SUPER EXCITED TO OFFER IT BOTH IN-PERSON AND ONLINE.” KENDRA JOHNSTON PRESIDENT AND CEO, AME

are looking for opportunities and I think we’ll also see some smaller M&A activity as well.” Moreover, “many deals have been either sparked at Roundup or signed off at Roundup,” Johnston says, including Newmont’s investment in GT Gold, which germinated at AME Roundup in 2020. “Sometimes it’s a geologist from a major looking at a project generator and seeing the rocks for the first time, and that starts a conversation, and other times it’s meeting up to sign off on the deal.” “There are many examples of small projects and deals that have been done as a result of the Project Generators Hub and the Prospector’s Tent at AME Roundup,” she says. “In past years, some of these companies who have vended properties include Kenorland Minerals, River-

side Resources, and Evrim Resources, among others.” “Often it is the core in the Core Shack, the maps in the Project Generator’s Hub or hand samples in the Prospectors Tent that spark interest in a project,” Johnston continues. “Those looking for projects may watch and follow that project for years before doing a deal, but the fact remains that the initial spark comes from a conversation at Roundup.” In addition, not only is B.C. known for its rich endowments of gold and copper, but it also contains critical minerals required for the transition to a greener economy, including nickel, cobalt, lithium, and molybdenum. She also points to the hard work the province has put in to burnish B.C.’s reputation as a competitive mining jurisdiction, whether it’s the top-up of flow-through financing, speedier permitting times, or the provincial government’s investment in hiring more staff to oversee its regional offices. “Everything is aligned to come to B.C. and work here right now and advance a project and we’re seeing that now with some of the recent Environmental Assessments that have been passed.” The province has also seen a lot of companies really make use of the flow-through credits,” she adds, “and they are a significant driver of investment for junior explorers.” “We all know the impact of flowthrough, which not only helps Canadian companies working anywhere across the country, but the top-up in B.C. for flow-through shares is also a significant bump to B.C. explorers.” Johnston also pointed to the fact that the federal government is looking at increasing flow-through for companies exploring for critical minerals. “We’re really looking forward to seeing progress on that file because that’s really going to encourage people to look at some of these copper projects. Demand for critical minerals continues to grow and finding more starts with us, responsible explorers.” After an all-virtual Roundup in 2021 due to the pandemic, Johnston says this year’s conference at Vancouver’s Convention Centre West will be both in-person and live-streamed online to accommodate people from around the world who can’t travel but want to participate. “AME Roundup is the place where deals are made, trends are set and talent is discovered,” she says. “It’s going to be a really interesting conference and we’re super excited to offer it both in-person and online.” TNM

WWW.NORTHERNMINER.COM

JANUARY 10–23, 2022 / THE NORTHERN MINER

Lundin Mining to acquire Josemaria Resources for $625M M&A

| Josemaria project among top-ten open-pit copper projects in the Americas

Rio Tinto to buy lithium project in Argentina for US$825M M&A

BY NAIMUL KARIM

undin Mining (TSX: LUN) i s a c q u i r i n g Josemaria Resources (TSX: JOSE) for about $625 million for its namesake copper-gold project in San Juan, Argentina. The Canadian miner is acquiring the company for $1.60 a share in cash and stock, a 29% premium to Josemaria’s 10-day volume weighted average price on the TSX. Josemaria shareholders will be able to choose to receive payment in cash or 0.1487 Lundin shares for each existing share they own in the company. “In our view this project is a unique and scarce opportunity,” Lundin Mining CEO Peter Rockandel said during a conference call with analysts and investors on December 20. “Lundin Mining has been following Josemaria’s advancements into a world class ore body for a considerable period of time.” The acquisition would increase Lundin Mining’s copper and gold production by 50% and 140% respectively, compared to its 2022 production guidance of 258,000 to 282,000 tonnes of copper and 153,000 to 163,000 oz. of gold. The Josemaria project is among the top-ten open-pit copper projects in the Americas, in terms of total mineral reserves, according to Rockandel. Once in production, it is expected to churn out over 130,000 tonnes of copper, nearly 225,000 oz. of gold and 1 million oz. of silver a year over a 19-year mine life, based on a November 2020 feasibility study. The project is expected to start commercial production in 2026. The feasibility study estimated the project would generate a post-tax net present value of US$1.53 billion and a post-tax internal rate of return of 15%. The project has proven and probable mineral reserves of 1.01 billion tonnes grading 0.22 gram gold per

| Demonstrates commitment to battery materials busuiness

BY CECILIA JAMASMIE

The site of Josemaria's copper-gold project in the Andes Mountains of Chile. JOSEMARIA RESOURCES.

tonne, 0.94 gram silver per tonne and 0.30% copper, for 7.02 million oz. of contained gold, 30.72 million oz. of contained silver and 6.71 billion lb. of copper. Josemaria Resources submitted its Environmental and Social Impact Assessment (ESIA) in 2021 and expects it will be approved this year. Adam Lundin, Josemaria’s CEO, said he expects the deal will deliver an “immediate uplift” to all of the company’s shareholders. “We have been exploring different financing options for the advancement and development of the Josemaria project and we believe this is

the best opportunity to develop the project without direct dilution or financing risk for Josemaria shareholders,” he said in a press release. In response to a query about the risks of making such a big investment in Argentina, Rockandel said that it was the “perfect time” to invest in the country, before the landscape turned “competitive.” “If you are trying to find a world class ore body, you have to step out in areas unexplored,” Rockandel said. “I think Argentina is a place that’s going to start to see a lot more mining investment as we move forward.” TNM

io Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is expanding its lithium ambitions beyond the Jadar project in Serbia by agreeing to buy the Rincon brine project, located in the heart of the lithium triangle in Argentina’s Salta province. The world’s second-largest miner said the US$825 million acquisition demonstrates its commitment to build its battery materials business and strengthens its portfolio for the global energy transition. The deal comes as analysts warn of an imminent and “significant” supply gap for lithium, driven by booming demand for the metal used in electric vehicles (EV) and green technologies. Rincon is a large undeveloped lithium brine project that will use a direct, low-cost extraction technology that has the "potential to significantly increase lithium recoveries" compared to solar evaporation ponds, Rio Tinto said in a news release, adding that a pilot plant was currently running at the site. According to Rincon Mining, which has developed the project and technology since 2009, the novel extraction method allows obtaining the battery metal from raw brine in under 24 hours. The project, Rio Tinto said, has the potential to have one of the lowest carbon footprints in the industry that can help deliver on the company's commitment to decarbonise its portfolio. Rio Tinto said that market fundamentals for battery grade lithium carbonate are strong, with lithium demand forecast to grow 25-35% a year over the next decade. And EV sales are on track to hit up to 55% of

the world’s total light vehicles sales as early as 2030, reaching about 65 million units. This means, Rio Tinto has said, that manufacturers would need about three million tonnes of lithium, compared with the roughly 350,000 tonnes they consume today. Existing operations and projects combined, however, are slated to contribute one million tonnes of lithium, the miner has noted. Rio Tinto estimates that committed supply and capacity expansions will contribute only about 15% to demand growth over the 2020-2050 period. The remaining 85% would need to come from new projects. “Filling the supply gap will require over 60 Jadar projects,” the company’s head of economics Vivek Tulpule said in October. “This acquisition is strongly aligned with our strategy to prioritise growth capital in commodities that support decarbonization,” CEO Jakob Stausholm said in the statement. “The Rincon project holds the potential to deliver a significant new supply of battery-grade lithium carbonate, to capture the opportunity offered by the rising demand driven by the global energy transition.” In July, Rio Tinto committed US$2.4 billion to its Jadar lithium project in Serbia, which has ignited protests by environmentalists over alleged water and land pollution the mine would generate. In 2020, the mining giant allegedly attempted to buy a US$5 billion stake in Chile’s Chemical and Mining Society (SQM), the world’s second-largest lithium producer. The investment would have given Rio Tinto a foothold in the booming battery metals sector, though it already holds key copper assets and the red metal is also used in EVs. TNM

Hudbay releases initial estimate for Copper World in Arizona COPPER

| Near-surface deposit is close to company’s Rosemont project

BY MARILYN SCALES

udbay Minerals (TSX: HBM; NYSE: HBM) has released the initial resource estimate for its Copper World deposit with 272 million indicated tonnes and 142 million inferred tonnes, both grading 0.36% copper. The deposit is located near the company’s 100%owned Rosemont copper project, 50 km southeast of Tucson, Arizona. The Copper World mineralization is close to surface and can be mined with conventional open pit methods. There are seven deposits extending over a 7 km strike length, including Bolsa, Broad Top Butte, Copper World, Peach, Elgin, South Limb, and North Limb. The deposits lie northwest of the Rosemont deposit and lie mainly on land that Hudbay owns. The mineralization consists of both skarn and porphyry copper sulphides with a significant oxidized component along a regional fault along the west side of the Rosemont, Bolsa and Broad Top Butte deposits known as the Backbone fault. The resource numbers are based on a copper price of US$3.45 per lb.,

The Copper World project. HUDBAY MINERALS.

a molybdenum price of US$11 per lb. and a silver price of US$20 per ounce. They are divided by whether the metals are recoverable by flotation or leaching. The indicated portion that could be recovered by flotation is 180 million tonnes grading 0.37% copper, 136 grams molybdenum per tonne, and 2.7 grams silver per tonne. The floatable inferred portion is 91 million tonnes of 0.36% copper, 129 grams molybdenum per tonne, and 3.8 grams silver per tonne.

The indicated portion that is suitable for leaching is 92 million tonnes grading 0.34% copper, 74 grams molybdenum, and 3.4 grams silver. The leachable inferred resource is 51 million tonnes of 0.35% copper, 61 grams molybdenum, and 2.5 grams silver. The resources contain a high-grade portion that begins at or near the surface. The indicated high-grade resource is 96 million tonnes grading 0.57% copper, 97 grams molybdenum, and 4.1 grams silver. The

indicated portion is 31 million tonnes of 0.71% copper, 86 grams molybdenum, and 3.7 grams silver. These categories contain both ore types. Mining and processing the Copper World mineralization could be a boon for Rosemont. The resources in the Bolsa deposit were considered waste when the 2017 feasibility study was done. Converting Bolsa resources to reserves would result in less waste, thereby reducing costs and energy consumption per tonne of ore mined. The oxide mineralization in the Rosemont deposit has thus far been considered waste, but it may be possible to treat it with the oxide ore from Copper World, further reducing costs. Hudbay intends to release a preliminary economic assessment for Copper World in the first half of 2022. The study will cover potential synergies between Copper World and Rosemont. A new Rosemont resource model is also underway. The Rosemont project has been slowed by permitting issues. Hudbay appealed an earlier decision to the U.S. Court of Appeals for the Ninth Circuit in June 2020. In separate briefs, company and the U.S. gov-

ernment argue that the earlier denial was based on a misinterpretation of federal mining laws and U.S. Forrest Service regulations as they apply to Rosemont. Farooq Hamed of Raymond James described the initial resource estimate as "encouraging." "The resource contains both oxide (~one-third) and sulphide (~two thirds) mineralization with significant tonnage near surface potentially allowing for a low capex start-up heap leach/SWEX operation with a future growth phase transitioning to sulphides processing," he commented in a research note, adding that because the project is on private land, it will allow for a "less stringent permitting and approval process than the Rosemont project (~7 km away) which is partially on public land." "Overall we are encouraged by the initial resource at Copper World and the alternative development optionality it represents for the development of the Rosemont project," he noted. Hamed has a price target on Hudbay of $12 per share. At presstime in Toronto the company's shares were trading at $9.39 apiece within a oneyear range of $6.70 and $11.62. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 10–23, 2022

Gold Royalties announces unsolicited offer for Elemental Royalties M&A

| Competing bid could emerge, analysts say

BY NORTHERN MINER STAFF

old Royalties (NYSE-AM: GROY) is proposing to acquire Elemental Royalties (TSXV: ELE; US-OTC: ELEMF) in an all-share deal valued at $130 million. Gold Royalties said it is taking its offer directly to Elemental’s shareholders, after its two previous approaches to the junior — the first on October 21 and the second on December 15 — failed to engage Elemental’s board of directors, the company said in a December 20 news release. The latest offer — 0.27 common shares of Gold Royalty for every one share of Elemental Royalties — values Elemental at $1.78 per share, a 37% premium to Elemental shareholders based on the closing share prices of each company on December 17. Gold Royalties noted in a press release that the $1.78 per share offer exceeds Elemental’s peak share price in 2021. If the transaction is approved, Elemental shareholders will own about 12% of the combined company. “Gold Royalty has completed three acquisitions in 2021, and in each case the implied premium paid is higher today than at the time of the transaction announcements due to the strong performance of the Gold Royalty shares, which could further enhance the ultimate premium realized by Elemental shareholders,” Gold Royalty stated in its press release. Its three previous acquisitions were: Ely Gold Royalties, Abitibi Royalties, and Golden Valley Mines and Royalties. Other advantages of its offer, Gold Royalty said, included having ownership “in a larger, more diversified, higher quality portfolio of royalty assets anchored by cornerstone royalties on Canadian Malartic (Quebec, Canada), Fenelon (Quebec, Canada), and Karlawinda (Australia),” as well

An employee examines drill core at Endeavour Mining's Wahgnion gold mine, where Elemental Royalties owns a 1% NSR royalty. ELEMENTAL ROYALTIES

as a “deep development and exploration pipeline.” In addition, it said, Gold Royalty has about US$30 million in cash and securities and no debt, and if approved, the business combination would position the larger company “as the preeminent intermediate gold royalty company.” In response to Gold Royalty's press release, Elemental Royalties' board of directors stated it had not yet received a formal offer from Gold Royalty, and if and when one comes in, it would review it with its legal and financial advisers. It also confirmed that it had previously received "unsolicited, nonbinding and conditional proposals" from Gold Royalty, and that its board had assessed them, but "did not find the conditional proposals compelling, and therefore did not have an interest in pursuing" them. Jacques Wortman, an analyst who covers Elemental Royalties at Laurentian Bank Securities Equity Research, described Gold Royalty’s offer as a “compelling proposition” for Ele-

mental’s shareholders. Wortman noted that in addition to “enhanced trading liquidity” and the “successful track record” of Gold Royalty’s management team, the rationale for the deal included the 37% premium; a “sector-leading portfolio of 200 strategic royalties;” and “a path to a re-rerate” for Elemental shareholders due to “the combined company’s increased scale, portfolio diversification and trading liquidity.” But Wortman also believes that a competing bid could emerge due to Elemental’s “compelling combination of quality, high-value royalty

positions and near-term revenue growth and critical mass.” The analyst noted that Elemental’s attributable gold production “is expected to continue to ramp higher, allowing Elemental to generate in excess of $10 million of royalty revenue in 2022.” “Elemental’s near-term revenue prospects are highly attractive as they fill a void present in other royalty companies,” he wrote in his research note to clients, adding that potential competitors to Gold Royalty include Maverix Metals (TSX: MMX; NYSE-AM: MMX); Metalla Royalty & Streaming (TSXV: MTA; NYSE: MTA); EMX Royalty (TSXV: EMX; NYSE-AM: EMX) and Nomad Royalty (TSX: NSR). “With that said,” he added, “we believe the Gold Royalty transaction is a great ‘fit’ for Elemental, as it fills Gold Royalty’s 2022-2025 revenue and GEO [gold-equivalent oz.] void and was our top takeout candidate when we initiated on Elemental.” Kerry Smith of Haywood Securities believes a superior bid should emerge. "Given that Elemental has several assets delivering GEOs and considerable growth potential in the next year (55% GEO growth in 2022 modeled), a superior bid is likely," he commented in a research note to clients. "With a market capitalization of only ~$100 million, the company

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COPPER

Stronger metal prices lift NPV of Copper Mountain's Eva project to US$622M

is small, and of little interest to the larger royalty players, but would add meaningful royalty revenue to the mid-tier royalty players. Elemental will take its time to evaluate this proposal while looking for an alternative. Elemental is now 'in-play' and it's only a matter of time before a superior bid emerges from Gold Royalty or another bidder." "Elemental has considerable revenue growth in the next year ... and is a unique small-cap royalty player, as most of their assets in the portfolio are cash generating," he continued. "Gold Royalty is the opposite, with a very large portfolio of mostly development stage royalties and modest cash flow today, but does have excellent liquidity." Smith also pointed out that Elemental "has a small shareholder list, with insiders holding ~16% of the shares, South32 holding 19% and three other long-term investors holding another 24%. "With over 50% of the shares in 'friendly hands,' any bid will need to be cordial, and would likely require some cash as part of the consideration in our opinion," he said. At presstime, shares of Elemental Royalties were trading at $1.66 per share within a 52-week range of $1.21 and $1.80. Haywood's Smith has a target price of $2.60 per share. TNM

| Updated economics come with higher capital commitment

BY MARILYN SCALES

opper Mountain Mining (TSX: CMMC; ASX: C6C) has updated the economics for its Eva copper project in Australia, finding healthier economics thanks to higher metals prices, but also a higher capital commitment. When the Eva feasibility study was released in May 2020, the development capex was estimated to be A$705 million (US$502.2 million), but that number has risen 18.7% to A$836 million (US$596 million). Meanwhile, the long-term copper price used in the latest update is US$3.39 per lb., up 12% compared to the 2020 feasibility study, and the gold price of US$1,598 per oz. is up 17%. “The current inflationary environment prevalent globally, particularly for some material and labour supply in Queensland Australia, has resulted in some project capital cost escalation," Copper Mountain president

and CEO Gil Clausen stated in a release. "We believe this impact will ease as the local economy opens fully after Covid-19 restrictions lift, materials flow regularly, and labour pressures relax over the next six to 12 months.” The Eva copper project now has an after-tax net present value at an 8% discount of US$622 million (up 42%) and an internal rate of return of 35% (up from 29%). “We will fund the expenditures for moving the project through detailed engineering and to secure long lead items with current cash on hand,” Clausen said. Development is expected to be funded through conventional bank project debt financing and internal cash flow, with the project financing process expected to close in mid-2022. “We are excited to formally advance Eva, which is expected to See COPPER MOUNTAIN MINING / 8

“As Canada’s leading provider of flow-through share capital, PearTree deploys over $300M annually for Canadian mineral exploration and development in all market conditions.” Lisa Davis, CEO PearTree Securities lisa.davis@peartreecanada.com Find out more at peartreecanada.com

WWW.NORTHERNMINER.COM

JANUARY 10–23, 2022 / THE NORTHERN MINER

Generation Mining clinches $240M stream with Wheaton for Marathon FINANCING

| Stream ‘represents a key cornerstone financing commitment’

BY ALISHA HIYATE

wo weeks after its announcement in early December that it would be increasing its interest to 100% in the Marathon palladiumcopper project in northern Ontario, Generation Mining (TSX: GENM) has landed a $240 million streaming deal with Wheaton Precious Metals (TSX: WPM; NYSE: WPM: LSE: WPM). The streaming deal for gold and platinum will see Generation receive $40 million in early 2022, with the rest paid in four instalments during construction, subject to certain milestones. Closing of the financing agreement is subject to Generation finalizing its 100% ownership in the project. On December 8, the company announced it would acquire Sibanye-Stillwater’s (NYSE: SBSW) 16.5% interest by issuing 21.8 million common shares. When the transaction is completed, the South Africa-based precious metals miner will hold 19.1% of Generation Mining’s shares. “Entering into this agreement with the world’s largest precious metals streaming company validates the potential economics of the Marathon project and is a significant milestone for the company and our shareholders,” said Jamie Levy, Generation Mining's president and CEO, in a news release. “This stream represents a key cornerstone financing

A site visit at Generation Mining's Marathon copper-palladium project in Ontario. GENERATION MINING

commitment for the ultimate project financing package. Working closely with our financial advisors, Endeavour Financial, we will now focus on sourcing the remaining key financial components of the project financing including project debt, offtake agreements and equipment financing.” Under the agreement, Wheaton

will buy 100% of payable gold production until it receives 150,000 oz., after which it will buy 67% of gold production for the remainder of the mine life. It will also buy 22% of platinum production, dropping to 15% after the first 120,000 oz. have been delivered. It will pay 18% of the spot price for the metals until

IGO to buy Western Areas for A$1.1B M&A

| Soaring nickel demand is driving deals

BY CECILIA JAMASMIE

ustralian nickel and lithium miner IGO (ASX: IGO) is buying rival Western Areas (ASX: WSA) in an all-cash deal valued at A$1.1 billion (about US$793 million), marking what could be the beginning of a nickel assets consolidation trend in Western Australia. The A$3.36 a share cash splurge will boost IGO’s nickel business from a short-life, single-asset operation centered around its Nova nickel-copper mine into a multi-asset division with decades ahead of it. The move would immediately turn IGO into a major regional player, boosting the miner’s nickel output from 25,000 to 27,000 tonnes in fiscal year 2022 on a proforma basis to between 41,000 and 44,000 tonnes. IGO and Western Areas have been in talks for months, but the twist is the all-cash nature of the deal that will see the buyer taking on A$900 million in corporate debt. The company said it would also use A$272 million from its cash reserves to fund the acquisition. The transaction will give IGO Western Areas’ Forrestania nickel operations, but the biggest win is arguably the Odysseus mine, which is scheduled to begin production by the end of 2022. Odysseus, part of the giant Cosmos nickel operation, is expected to produce over 10,000 tonnes of nickel a year during a ten-year mine life. “Both Forrestania and Cosmos are high-grade, low-cost nickel sulphide operations and this acquisition, together with our existing world class Nova nickel-copper-cobalt operation, will consolidate our position as Australia’s leading independent nickel producer," Peter Bradford,

The Odysseus mine, part of the giant Cosmos nickel operation. WESTERN AREAS

IGO’s managing director and CEO, said in the statement. The deal follows IGO's $1.4 billion acquisition of a stake in Tianqi Lithium's Australian assets a year ago, as the company looks to capitalise on rising demand for raw materials used to make electric-vehicle batteries. Global miners are trying to secure an adequate supply of battery metals ahead of an imminent surge in demand for electric vehicles. Two major Australian miners, BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Wyloo Metals, were locked in a prolonged bidding war last year over Noront Resources (TSXV: NOT), which owns the early-stage Eagle’s Nest nickel and copper deposit in northern Ontario's ‘Ring of Fire’ region. Nickel production will need to increase nearly fourfold to meet

expected demand for electric and hybrid vehicles, the company estimates. Likewise, copper output will also need to grow exponentially to meet demand from renewable power generation, battery storage, electric vehicles, charging stations and related grid infrastructure. Tesla boss Elon Musk has expressed worries about a looming nickel shortage. He pleaded with miners last year to produce more nickel, promising a “giant contract” for supply produced efficiently and in an “environmentally sensitive way.” The U.S. EV giant inked a multiyear nickel supply deal last October with New Caledonia’s Prony Resources. The contract guarantees it about 42,000 tonnes of the metal needed to produce the batteries that power its EVs. Tesla also has a similar agreement with BHP. TNM

payments equal the upfront $240 million outlay. After that, Wheaton will pay 22% of spot prices. Wheaton also recently acquired New Gold’s (TSX: NGD) stream on Artemis Gold’s (TSXV: ARTG) Blackwater project in British Columbia. A March 2021 feasibility study outlined a 13-year open pit mine at

COPPER MOUNTAIN MINING From 7

add over 100 million pounds of copper production per year, given the ever increasing and important role copper will play in a green economy and the limited number of other copper projects currently in development globally,” Clausen said. The board has formally approved the project, subject to the 80% completion of advanced detailed engineering, committed project financing and the lifting of Covid19 restrictions in Queensland. All the technical details outlined in the feasibility study remain unchanged. Eva will be a conventional open pit peration with a crushing-grinding-flotation concentrator. Commissioning is expected in late 2024. The Eva deposit is an iron oxide copper gold (IOCG) type with an expected mine life of 15 years. Annual output will average about 100 million lb. of copper and 14,000 oz. of gold in copper concentrate.

Marathon that would cost $665 million to build. The project's after-tax net present value (at a 6% discount rate) is estimated at $1.1 billion with a 29.7% internal rate of return and a 2.3-year payback period. Life-of-mine payable metals are estimated at 1.9 million palladium oz., 467 million copper lb., 537,000 oz. of platinum, 151,000 oz. of gold and 2.8 million oz. of silver. Proven and probable reserves total 117.7 million tonnes grading 0.619 gram palladium per tonne, 0.205% copper, 0.067 gram gold per tonne and 0.2 gram platinum per tonne. Marathon is in the midst of a joint federal-provincial environmental impact assessment review. Virtual public hearings on the development are scheduled to start February 15 over a 30-day period. Once complete, the Joint Review Panel will have three months to complete a report, based on which the federal and provincial ministers of environment will make a joint decision on whether the project should proceed. Generation Mining notes that Marathon would have a very low operational carbon footprint. An independent report by consultants Skarn Associates estimated the mine would have the second lowest operating footprint in Canada among copper producers, generating 1.5 tonnes of CO2 equivalent per tonne of copper equivalent produced. TNM

Proven and probable reserves total 171 million tonnes grading 0.46% copper and 0.04 gram gold per tonne for 1.7 billion lb. of copper and 260,000 oz. of gold. The resources include 260.7 million measured and indicated tonnes at 0.42% copper and 0.04 gram gold per tonne. The inferred portion is 26.3 million tonnes at the same grades. There are seven pits planned at Eva, with Little Eva being the primary pit. The mine plan includes the mining of 551 million tonnes of mineralized material and waste from the deposits with an average waste-to-ore strip ratio of 2.2:1. The concentrator will have a throughput of 31,200 tonnes per day or 11.4 million tonnes annually. Material from the pits will be blended to contain about 75% sulphide ore and 25% native copper ore. The flowsheet includes crushing, grinding, gravity separation and flotation. The concentrate will be shipped 95 km to Glencore's (NYSE: GLEN) Mt. Isa smelter. TNM

A reverse circulation drill rig at the Eva copper project in Australia. COPPER MOUNTAIN MINING

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Vision Blue Resources Canada’s off-grid mines invests US$125M in crucial to decarbonisation, says Sinova Global MAC’s Brendan Marshall INTERVIEW

| ‘We need a technology push on an accelerated basis’

| Sinova is developing silica assets in B.C. and Tennessee

TECHNOLOGY METALS

BY NAIMUL KARIM

An electric haul truck at Copper Mountain's namesake mine in B.C. COPPER MOUNTAIN MINING

the policy in place to give ourselves the best opportunity for success. In Canada, another really important consideration is that it’s better for the global environment. Canada has the cleanest electricity grid on the planet and as a result, our metal production is among the least carbon-intensive in the world. Canadian-produced nickel is the second-lowest carbon intensive in the world. The more materials that we can source with the least carbon intensity, the better.

BY NAIMUL KARIM

rendan Marshall is Vice President, Economic and Northern Affairs, at the Mining Association of Canada (MAC) and works to advance the industry’s understanding of energy, climate change, taxation and a host of other economic issues. He is also responsible for mining policy and regulation in Canada’s north. Marshall recently spoke to The Northern Miner on the Canadian mining industry’s decarbonization challenge, the impact that climateneutral goals can have on the global mining sector and how a policy incoherence in northern Canada could impact miners. The Northern Miner: Do you think the

global mining industry is producing enough minerals to meet the demand for a low-carbon future? Brendan Marshall: The forecast for demand for raw materials to transition to a low-carbon economy is astronomical. According to a World Bank study we are seeing upwards of 500% projections in demand increase for raw materials needed to decarbonize. To answer your question, at present, no, we are not producing the volumes of materials, we need more. In the case of nickel, the World Bank wants near or doubling to achieve that goal and most of that will go into batteries for electric vehicles. Currently there are seven [nickel] mines in Canada, there are two smelters and a refinery. If we are to maintain current market share, we will need to bring online about seven more new [nickel] mines in the next 29 years.

See BRENDAN MARSHALL / 16

The Mining Association of Canada's Brendan Marshall, vice president economic and northern affairs. MINING ASSOCIATION OF CANADA

TNM: What are the challenges? What

do we need to do? BM: We need to discover where these deposits are located. We need exploration programs, new critical minerals deposits. We need infrastructure building. In the Canadian context, many of these deposits are likely to lie in remote northern regions. We need to create an economic and regulatory environment that allows these deposits to be viable. We need regulatory confidence and certainty that business needs to advance projects through the development phase … we need to do that in a condensed timeframe. TNM: Is that realistic? BM: We are never going to know

until we try. If we don’t try, we have already failed. I am on the side of the equation where we need to put

ith an aim to pursue more sources of minerals used to create batteries and clean energy equipment, Vision Blue Resources (VBR) is investing US$125 million for an undisclosed but ‘significant’ minority stake in Sinova Global, which is developing the Horse Creek quartz mine near the town of Golden in southeastern British Columbia, and a silicon metal processing plant in Tennessee. Acquired by Sinova in 2013, the Horse Creek mine has an annual production capacity of more than one million tonnes of pure quartz, which is used to produce silica and is required to make solar cells, semiconductor chips and next generation batteries. The company is currently working on updating permits, testing and defining resource as it develops a business plan for Horse Creek. Founded by former Xstrata boss Sir Mick Davis in December 2020 to accelerate opportunities in battery and technology minerals, this is VBR’s third investment after investing in Next Source Materials’ (TSX: NEXT), which is advancing its graphite mine project in Madagascar; and Ferro-Alloy Resources (LSE: FAR), a vanadium mining company. “We need a transformation of the complete energy ecosystem encompassing: increased generation from renewables in combination with grid scale battery storage solutions (to move away from coal), distribution infrastructure for this new energy, and electric vehicles (to move away from oil),” Davis told The Northern Miner by e-mail. “VBR is investing to make this change happen given that the necessary transition materials will be in

Sir Mick Davis, founder and CEO of Vision Blue Resources. VISION BLUE RESOURCES

“WE NEED A TRANSFORMATION OF THE COMPLETE ENERGY ECOSYSTEM ...” SIR MICK DAVIS FOUNDER AND CEO, VISION BLUE RESOURCES

critically short supply in the medium and long term, when demand expands and production capacity will be constrained.” With countries promising to become carbon-neutral by 2050, VBR believes investments focusing on minerals needed for the transition towards clean energy are going to be "critical" going forward and have already identified a number of other projects to fund. The silicon metal market is expected to increase from about 2.7 million tonnes per year in 2020 to over 5.3 million tonnes annually by 2026 and the current production levels won’t meet this demand, according to VBR. In addition, more See VISION BLUE RESOURCES / 16

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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

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JANUARY 10–23, 2022 / THE NORTHERN MINER

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Franco-Nevada takes stake in Skeena Resources GOLD

| Skeena will use funds for Eskay Creek in B.C.

BY NORTHERN MINER STAFF

ranco-Nevada (TSX: FNV) is acquiring 1.47 million flowthrough common shares in Skeena Resources (TSX: SKE; NYSE: SKE) at $21 per share in a non-brokered private placement. After the deal closes, Franco-Nevada will own 2.25% of Skeena. Skeena plans to use the $30.9 million in proceeds to complete infill and exploration drilling at its Eskay Creek gold and silver project in northwestern British Columbia’s Golden Triangle, about 83 km northwest of Stewart. When in production as an underground mine between 1994 and 2008, Eskay was the highest-grade gold mine in the world. The mine produced 3.3 million ounces of gold and 160 million ounces of silver at average grades of 45 grams gold per tonne and 2,224 grams silver per tonne. Skeena completed a prefeasibility study in July 2021. The study envisioned putting Eskay back into production as an open pit operation that would produce 352,000 goldequivalent ounces over a mine life of 9.8 years at an all-in sustaining cost of US$548 per ounce. The study, which used base case metal prices of US$1,550 per oz. gold and US$22 per oz. silver, forecast an after-tax net present value at a 5% discount rate of $1.4 billion and a post-tax internal rate of return of 56%. The company plans to release a

A drill pad at Skeena Resources' Eskay Creek project. Inset: Examining drill core from Eskay Creek. SKEENA RESOURCES

feasibility study in the first quarter of 2022. The project has proven and probable reserves of 26.4 million tonnes grading 3.37 grams gold per tonne and 94 grams silver per tonne (4.57 grams gold-equivalent per tonne) for contained metal of 2.87 million oz. of gold and 80.2 million oz. silver (3.88 million gold-equivalent ounces.) Eskay Creek is a precious metalrich volcanogenic massive sulphide (VMS) deposit. Exploration at Eskay

began in 1932 and in 1988, the 21A and 21B zones were discovered, which led to the opening of the Eskay Creek mine in 1994. In connection with the private placement, Skeena is granting FrancoNevada a right of first refusal over the sale of a 0.5% net smelter return (NSR) royalty over the project, matching the portion of the existing Barrick Gold (TSX: ABX; NYSE: GOLD) royalty that can be bought back by the company.

If Skeena has not sold the royalty to Franco-Nevada or a third party by October 2, 2023, Franco-Nevada will have the right to purchase the royalty for $22.5 million for a 30-day period. In addition, upon closing, Skeena and Franco-Nevada will enter into an amendment to the terms of their

existing royalty agreement such that it will cover the same tenures as are covered in the existing Barrick royalty agreement. Skeena has the right to buy down a 0.5% NSR royalty (from a 1.0% NSR royalty) that is currently held by Barrick, for a payment of $17.5 million, until October 2, 2022. TNM

New Gold sells Blackwater gold stream to Wheaton Advancing one of the largest undeveloped gold and polymetallic deposits in BC • Revel Ridge Project updated mineral resource now ~2.5M oz AuEq • M&I: 1.36 million ounces AuEq within 6.73 million tonnes @ 6.27 g/t AuEq • Inf: 1.22 million ounces AuEq within 6.00 million tonnes @ 6.33 g/t AuEq • 2022 Drill Program funded • 27,000 meters of drilling over last 18 months • On strike occurrences known along an >7-8 km structural trend • Current Preliminary Economic Assessment shows a NPV of $424 million and 29.5% IRR (after tax and with 5% discount), with 2.6 year payback • Unique geology in southern BC with year-round road access, full service office and camp facilities

www.rokmaster.com TSX-V: RKR OTCQB: RKMSF FSE: 1RR1

FINANCING

| Transaction is ‘another milestone’ New Gold says

BY NAIMUL KARIM

ew Gold (TSX: NGD) is selling its gold stream on the Blackwater project in British Columbia to Wheaton Precious Metals (NYSE: WPM; TSX: WPM; LSE: WPM) for US$300 million. The gold stream entitles Wheaton to 8% of the gold produced from Blackwater, reducing to 4% once 280,000 ounces of gold have been delivered. The agreement comes more than a year after New Gold sold the Blackwater project to Artemis Gold (TSXV: ARTG) in August 2020. The company retained the gold stream as partial consideration for the divestiture. "This transaction highlights another milestone for New Gold as we continue to surface value from the divestment of the Blackwater project,” Renaud Adams, New Gold’s CEO, said in a press release. “The cash payment will provide additional liquidity and financial capacity to New Gold as we continue to execute on our strategy.” Located about 150 km southwest of Prince George, B.C., the Blackwater project has proven and probable gold reserves of 19.8 million tonnes grading 0.74 gram gold per tonne for 470,000 oz. of contained gold. Its proven and probable silver reserves stand at 166.5 million tonnes grading 5.8 grams silver per tonne for 31 million oz. of silver. Based on a feasibility study released last year, Blackwater will produce 321,000 oz. of gold annually at an all-in sustaining cost of US$576 per oz. in the first five years of operation. The study estimated the project would generate a post-tax net present value

at a 5% discount rate of $2.15 billion, and an internal rate of return of 32%. “New Gold originally sold the Blackwater asset to Artemis Gold in August 2020 for cash of $190 million (payable in two instalments), the 8% stream on the Blackwater project and ~7.4 million Artemis shares valued at ~$34 million at the time of the transaction,” Farooq Hamed, an analyst covering New Gold for Raymond James, wrote in a research note. “With the sale of the stream to Wheaton, total cash proceeds to New Gold from the sale of Blackwater will be ~$450 million with the Artemis share position now worth ~$53 million.” “We view this as a significant positive for NGD as the transaction value represents ~31% of NGD’s market capitalization (based on 12/13/21 closing),” Hamed stated in a Dec. 14 research note. “Based on the RJL long term gold price forecast of $1,600 per oz., we value the stream at ~$260 million on a pre-tax basis and ~$169 million on a post-tax basis.” In addition to the gold stream, Wheaton has signed a US$141 million agreement with Artemis Gold for 50% of Blackwater’s payable silver production until it has received 17.8 million ounces, after which the portion will drop to 33% of payable silver production for the life of the mine. “The acquisition of the gold and silver streams on the Blackwater project further enhances and diversifies Wheaton's existing portfolio of lowcost, high-quality, long-life mines,” Randy Smallwood, Wheaton's CEO, stated in a press release. At presstime in Toronto, New Gold was trading at $1.95 per share within a 52-week trading range of $3.05 and $1.29. TNM

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GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 10–23, 2022

SNAPSHOT BRITISH COLUMBIA, YUKON AND NORTHWEST TERRITORIES BY MARILYN SCALES

Western and northern Canada are wellendowed with a wide range of minerals and metals including copper, gold, zinc and diamonds. Here are eight companies active in the region. n ATAC RESOURCES ATAC Resources (TSXV: ATC; US-OTC: ATADF) is on the hunt for gold and base metals in the Yukon, where mining accounts for 20% of the territory’s gross domestic product. The company’s flagship property is the Rackla gold project, 55 km northeast of Keno City, in the Mayo district. It consists of three projects — Osiris, Orion and Rau Orion. The discovery of the Osiris deposit in 2010 drew immediate interest because of its Carlin-style mineralization. This was the first time a Carlin-type occurrence, usually associated with gold discoveries in Nevada, had been found in Canada. The first resource estimate for Osiris was calculated in 2018. It out-

Northisle Copper and Gold’s Hushamu deposit in B.C. looking southeast. NORTHISLE COPPER AND GOLD

lined an open pit inferred resource (at a 1.3 grams gold per tonne cutoff grade) of 8 million tonnes grading 4.08 grams gold per tonne for 1 million contained oz., and an un-

derground inferred resource (2.6 grams gold cut-off) of 4.3 million tonnes grading 4.52 grams gold for 630,000 contained ounces. The total inferred resource is

12.4 million tonnes grading 4.23 grams gold per tonne for 1.7 million contained oz. of gold. The Orion project, immediately west of Osiris, hosts 13 Carlin-

type gold prospects known as the Anubis cluster along a 2.5 km strike length. One of the better drill holes reported in 2018 returned 10.7 metres grading 7.2 grams gold per tonne, including 1.7 metres of 13.15 grams gold per tonne. West of Orion is the Rau gold property that hosts the Tiger gold deposit. A preliminary economic assessment was completed using a gold price of US$1,400 per ounce. Bringing the Tiger deposit into production would take a $110.1 million capex commitment that would be repaid in 1.4 years on an after-tax basis. Average annual production would be 44,500 oz. of gold for a total of 267,000 oz. over the six-year life of the mine. The post-tax net present value at a 5% discount rate, forecast the study, would be $85.4 million and the internal rate of return would be 42.6%. For Tiger, the measured and indicated resources for an open pit (0.75 gram gold cut-off) are 3.6 million tonnes grading 3.31 grams gold per tonne for 386,000 oz. of contained gold. The measured and indicated resources for an underground mine (1.5 grams gold cutoff) is 900,000 tonnes grading 2.7 See BC, YUKON AND NWT / 12

JOINT VENTURE ARTICLE

Sixty North has big goals for its Mon gold project in NWT Plans up to 40,000 tonne bulk sample BY NORTHERN MINER STAFF

When Dave Webb acquired an option in 1988 from Cominco to earn a 100% stake in the Mon gold project, 45 km north of Yellowknife, the geologist and engineer rolled up his sleeves and got right down to work. Within a year he brought in some underground mining equipment and put a ramp into the hillside, extracting 2,300 tonnes of mineralized material grading 26 grams gold per tonne, which was processed at a custom mill, he says. That work earned him 100% ownership in the project. Over the next seven years, Webb and his partners, who financed production in exchange for a royalty, extracted a 15,000 tonne bulk sample from multiple adits during the summer months, ultimately recovering 15,000 oz. of gold. “We went in at the base of the hill and mined it up hill,” recalls Webb, whose PhD focused on gold mineralization in the Yellowknife Greenstone Belt. “We did that from two stopes that extend to 15 metres below surface. That’s very shallow, but historic drilling showed that the veins continued below the old stopes.” Bulk sampling came to an end in 1997, when Mon’s permits to mine and mill a 100-tonne-per-day operation were closed and at the same time, the gold price dropped to

under US$300 per tonne. Webb renewed the licences in 2013/2014, drilled five holes (379 metres) in 2016 that he says confirmed mineralization below the mined out stopes in Mon’s A-Zone, and received another five-year renewal in December 2020, which allows the company to operate at 100 tonnes per day until 2025. In the meantime, he optioned his privately held 622-hectare project into a company called Sixty North Gold Mining (CSE: SXTY; US-OTC: SXNTF), which IPOed in April 2018, drove a ramp 17 metres below the base of the hill and deeper than the past-producing stopes, and now plans to undertake a third bulk sample of between 30,000 and 40,000 starting in 2022. “We plan to mine up to that much in 2022 but we will only bring to surface around one-tenth of that,” Webb says. “Shrinkage stopes require broken muck to remain in the stope for ground support and a working platform. We can only remove up to one-third of the tonnage mined until the stope is completed.” He also notes that Sixty North won’t have a mill on site until 2023, and with underground temperatures around -5 degrees Celsius, that means any rock brought to surface will see -30 to -40 degree temperatures over the winter. “That

frozen rock takes many weeks to thaw before it can be put though a mill,” he says. In the interim, Sixty North has signed contracts for construction of a winter road, and will bring in fuel, more explosives and miscellaneous equipment. “We’re going to complete development down to about 24 metres below the old stopes and will develop one to three stopes in the vein,” says Webb. Webb notes that the company has decided to forego completing a 43-101 compliant resource estimate on the Mon project for now, because, like many gold deposits in the Northwest Territories, Mon’s geology is complex due to its “high-grade” and “nuggety” nature. He points out that 32 historic drill holes by Cominco and two other companies at Mon, have defined grades below historic stopes ranging from zero all the way up to 52.45 grams gold per tonne over 2.7 metres. “Although there is a risk that the vein material that has been encountered in the historic drill holes does not yield economically recoverable gold, we feel that the history of the Yellowknife Gold Belt demonstrates production grade can exceed that defined by drilling,” he says. “We are also aware that all of the gold mines in the Yellowknife Gold Belt commenced production at

Dave Webb at the Mon project in 2017. SIXTY NORTH GOLD MINING.

rates under 250 tonnes per day — the Con, Negus and Discovery mines accounting for 7 million ounces of past production, all started at 100 tonnes per day.” Webb notes that the size, grade and form of mineralization as well as its host rock assemblage at Mon is similar to the Discovery mine, 50 km to the north, and now owned by GoldMining Inc. (TSX: GOLD; NYSE-AM: GLDG) and part of that company’s Yellowknife gold project. The Discovery mine, Webb says, mined 1 million tonnes of mineralized material and recovered 1 million oz. of gold between 1949 and 1969. “This is a great place to look for gold,” he says of the Yellowknife

Gold Belt, “and a number of companies put mines into production without having reserves and we feel we have another one.” “If we went in with a drill program we would spend about $45 to $50 to find each ounce of gold and no one cares about a deposit until you’re at 100,000 ounces, so we’d have to put $5-$6 million into it to come up with a resource, but we can actually put it into production at 100 tonnes per day at the same price,” he continues. “It’s all underground, high-grade, narrow width mining, and we believe, although we can’t prove it, that the 30,000 to 40,000 tonnes of vein material will yield 30 grams gold per tonne,” he says. “We’ll replicate what we have done in the past, but we’ll be doing it with better equipment and technologies, and younger men. People will eventually accept what we’re doing by watching us do it.” Management and insiders own about 17% of the junior explorer and a number of private investors hold another 20%. At presstime in Toronto the company’s shares were trading at 4¢, within a 52-week trading range of 3¢ and 8.5¢. The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Sixty North Gold Mining and produced in cooperation with The Northern Miner. Visit www.sixtynorthgold.com for more information.

JANUARY 10–23, 2022 / THE NORTHERN MINER

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Hauling ore during underground test mining at Fortune Minerals’ Nico cobalt-gold-bismuth-copper project in the Northwest Territories. FORTUNE MINERALS

BC, YUKON AND NWT from 11

grams gold per tonne for 78,000 contained ounces. The total is 4.5 million tonnes grading 3.19 grams gold for 464,000 contained ounces. There is also an inferred resource for Tiger that has a combined total of 165,000 tonnes at 2.17 grams gold for 11,500 contained ounces. ATAC is also active at the Connaught project, 65 km west of Dawson City in the Yukon. Work last year included trenching with notable results including 0.07% copper and 0.01% molybdenum over 84 metres, including 0.12% copper and 0.05% molybdenum over 12 metres. The company has chosen four targets to drill this year to further explore the potential of the property. The Rosy property, 77 km from Whitehorse, is also 100% owned. Numerous low-sulphidation epithermal quartz-carbonate veins occur

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John Williamson (centre), CEO of Benchmark Metals, viewing drill core at the company’s Lawyers project in B.C.. BENCHMARK METALS

there. Work at Rosy is less advanced, but rock samples have assayed up to 12.55 grams gold per tonne and 93.1 grams silver per tonne. In the Goldfield district of Nevada, near the border with California, ATAC has an option to earn a 100% interest in the East Goldfield property belonging to Silver Range Resources. The property includes the past-producing Tom Keane gold mine, where reverse circulation drilling in 2003 returned 22.9 metres grading 2.88 grams gold per tonne. Chip sampling last year returned 3 metres at 7.97 grams gold at a new outcrop discovery. ATAC’s market cap is $17.5 million. n BENCHMARK METALS Benchmark Metals (TSXV: BNCH; US-OTC: CYRTF) owns 100% of the former Lawyers gold-silver mine in British Columbia’s Golden Horseshoe. The project has been advanced to nearly 3 million oz.

The Endiama De Beers tower (left foreground) in Luanda, Angola. ISTOCK/MTCURADO.

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EXPLORING FOR COPPER AND GOLD IN YUKON AND NEVADA Maiden 2022 drill program to test multiple Copper Porphyry targets at Connaught Property, Yukon • 1,685,000 ounces of high-grade gold (4.23 g/t Au in 12.4 Mt) at Osiris Property, Yukon • Tiger Deposit PEA (2020, US$1,400/oz gold price) with Pre-Tax NPV of $118M and 54.5% IRR. • Multiple other discovery-stage properties in Yukon and Nevada focusing on Copper and Gold • Well-funded, experienced team, with $6,000,000 in treasury at start of 2022

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gold-equivalent, and a feasibility study is due in 2022. A 100,000metre drilling program has been launched as part of reaching this goal. Last year, the company updated the resource estimate for the project. The indicated open pit resource (using a 0.5 gram gold cut-off grade) is 40 million tonnes grading 1.18 grams gold per tonne and 38.1 grams silver per tonne (1.6 grams gold-equivalent per tonne). The underground indicated resource (2 grams gold cut-off grade) is 333,000 tonnes grading 3.24 grams gold and 110.1 grams silver (4.45 grams gold-equivalent). Contained in the indicated resource are 2.1 million oz. gold-equivalent. The inferred open pit resource is 15 million tonnes grading 0.96 gram gold per tonne and 25.1 grams silver per tonne (1.24 grams gold-equivalent). The underground inferred resource is 1.2 million tonnes at 4.03 grams gold and 152.3 grams silver (5.71 grams gold-equivalent). The contained gold-equivalent in the inferred resource is 821,000 ounces. Benchmark modelled pit shells for the Cliff Creek, Dukes Ridge and AGB zones, both of which are open beyond the modelled shells. The Cliff Creek zone has returned excellent grades below the proposed pit. Deep drilling in 2020 returned 64 metres of 4.68 grams gold-equivalent per tonne, including 10.4 metres at 5.02 grams gold and 714.12 grams silver. Drilling also returned 15.35 metres of 5.41 grams gold-equivalent, extending mineralization from surface to at least 500 metres depth. The ABG zone, which could be-

come the starter pit, has potential as well for expansion to the south. The longest hole there returned 69.5 metres of 3.26 grams goldequivalent per tonne. The Dukes Ridge and Phoenix zones, close to Cliff Creek and on trend with the AGB zone, are also ripe for expansion. Dukes Ridge was drilled in 2019. The best reported hole returned 33.5 metres grading 5.76 grams gold per tonne and 128.65 grams silver per tonne, including 3 metres at 52.02 grams gold and 846.44 grams silver. Regional exploration is targeting multiple other gold-silver discoveries, such as the Black Lake zone. East-northwest and northwest trending mineralized corridors have been identified. Rock grab samples assayed up to 1.25 grams gold and 137 grams silver plus 0.08% copper. In late 2021 Benchmark raised nearly $40.3 million with a private placement, thanks to an investment from Yamana Gold. The company now owns about 4% of Benchmark. Benchmark’s market capitalization is $168.5 million. n CASSIAR GOLD Cassiar Gold (TSXV: GLDC; USOTC: CGLCF) is an active participant in the British Columbia exploration scene about 75 km south of the province’s border with Yukon. Its 100%-owned Cassiar property is divided by Hwy 37 into north and south sections hosting seven historical producers. The South portion includes the past-producing Table Mountain

See BC, YUKON AND NWT / 13

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THE NORTHERN MINER / JANUARY 10–23, 2022

Staff at work on ATAC Resources's Rackla project in the Yukon.. ATAC RESOURCES

BC, YUKON AND NWT from 12

Cassiar Gold has a market capitalization of $60.5 million.

underground gold mine. The property has several high-grade veins that could be drilled. Cassiar Gold believes there is potential to extend known veins and discover stacked veins in the underlying, untested areas. Drilling has been done from surface although the 25 km of underground development are in good shape and could be refurbished. The North portion hosts the past-producing Taurus gold deposit, estimated to contain over 1 million oz. of gold in 21.8 million inferred tonnes averaging 1.43 grams gold per tonne (0.7 gram gold per tonne cut-off). It is amenable to bulk tonnage mining and has active mine permits covering the deposit, tailings management facility and a 300-tonne-per-day mill. The mill produced both gravity and flotation concentrates before it was shut down in 2007. Cassiar has been drilling along trend in the 88 Hill and Gap zones with good results. Hole 21TA-129 returned 23.2 metres averaging 3.56 grams gold per tonne. Hole 21TA-126 intersected 3.5 metres of 3.38 grams gold. Hole 21TA-125 returned three intersections: 13.1 metres grading 3.53 grams gold, 37.8 metres of 1.8 grams gold, and 52.3 metres at 1.16 grams gold. The company says these results confirm the occurrence of continuous zones of higher grade gold mineralization in the central part of the Taurus deposit at depths of less than 100 metres. Fifteen holes over about 4,000 metres were drilled last year. Cassiar also has an option to acquire 100% of the Sheep Creek zinclead-silver project near Rossland, B.C., just north of the border with the United States. The company collected rock samples in 2018 that assayed as high as 15.5 grams gold per tonne but has not reported any further activity there.

n DE BEERS CANADA De Beers Canada is the operator and 51% owner of the Gahcho Kué diamond mine near Lac de Gras in the Northwest Territories. The company shares the project with its partner and 49% owner Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD). Gahcho Kué was officially opened in September 2016 and reached full production in March the following year. Three open pit mines are currently being mined. With 2020 output of 6.5 million carats, this is one of the largest and highest grade diamond mines in the world. At the end of the same year, resources stood at 1.8 indicated tonnes averaging 1.27 carats per tonne and 13.7 million inferred tonnes at 1.43 carats per tonne. De Beers put two other diamond mines into production in Canada. The Victor mine in Ontario was that province’s first diamond producer, but it closed in 2019. The other was the Snap Lake mine that opened in 2008 and operated until late in 2015. The De Beers portfolio of diamond exploration projects has projects in both the Northwest Territories and Nunavut. Chief among them is the Chidliak diamond project on Baffin Island that came into the fold when De Beers acquired Peregrine Diamonds in 2018. The property stretches 80 km by 60 km and hosts 71 kimberlites (plus three more kimberlites on the adjacent Qilaq claim). Fifty-one of the Chidliak kimberlites were tested for diamonds by the previous owner, and 41 of them showed positive results. Two of them — CH-6 and CH -7 — have inferred resources. CH-6 is estimated to contain about 18 million carats in about 7.5 million tonnes of kimberlite to a depth of 525 metres at an estimated grade of

about 2.41 carats per tonne. CH-7 is estimated to contain about 18 million carats in about 5 million tonnes of kimberlite to a depth of 240 metres at an estimated grade of 0.85 carats per tonne. De Beers conducted environmental baseline measurements and engineering studies as recently as 2019. With the beginning of the Covid-19 pandemic, the company contracted a local, 100% Inuitowned company to perform annual maintenance. De Beers has chosen Chidliak to be its first carbon-neutral diamond mine. To get there, it is applying the “FutureSmart” approach of parent company Anglo American. The approach involves technology, digitalization and sustainability at every step of development and production. Currently, work at Chidliak is largely on hold awaiting the development of technologies that will support a carbon-neutral operation. De Beers is a privately owned company. n FORTUNE MINERALS Fortune Minerals (TSX: FT; USOTC: FTMDF) is developing the Nico cobalt-gold-bismuth-copper project in the Mackenzie district 160 km northwest of Yellowknife in the Northwest Territories. The company estimates that 12% of global bismuth reserves are to be found in the Nico mineralization. Bismuth is an environmentally friendly lead substitute used in automotive and medical products. Project plans include the Nico mine and mill in the NWT and a hydrometallurgical metals processing plant in Saskatchewan (SMPP), where concentrates would be refined. The Nico mine and mill have already received environmental approval and major mine permits. Front-end engineering and design work and the feasibility study is complete. Being at the development stage, this is probably the

world’s most advanced new cobalt producer outside the Democratic Republic of Congo. The feasibility study released in 2014 put measured and indicated resources for an open pit at 29.9 million tonnes grading 1.1 grams gold per tonne, 0.15% bismuth and 0.12% copper. The same resources recoverable underground were 995,000 tonnes grading 1.84 grams gold, 0.07% bismuth and 0.16% copper. Proven and probable reserves for the pit and underground combined were estimated at 33 million tonnes containing 1.1 million oz. of gold, 82 million lb. of cobalt, 102 million lb. of bismuth and 27 million

lb. of copper. Average grades were 1.03 grams gold per tonne, 0.11% cobalt, 0.41% bismuth, and 0.04% copper. At a planned mining rate of 4,650 tonnes of mineralized material daily, the mine would have a life of 20 years. The after-tax net present value at a 7% discount rate was presumed to be $224 million and the internal rate of return was 15.1%. Underground test mining was conducted in 2006 and 2007 to verify mining conditions, deposit geometry and grade. A portal, 5-by-5 metre ramp and a 3-by-3 metre See BC, YUKON AND NWT / 14

JANUARY 10–23, 2022 / THE NORTHERN MINER

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ventilation were built. Test mining also collected mineralized samples for a pilot plant that proved flowsheets, metallurgical recoveries, and produced samples for product testing. Highgrade gold ore would be selectively mined in the first three years to accelerate cash flows. The 180-tonne-per-hour SMPP was to have been located in the town of Corman Park, near Saskatoon. The town rejected Fortune’s application to rezone the site for the plant, and so the search for a suitable site continues. The SMPP has received its environmental approval. The company is also mulling the idea of deferring construction of the plant, which requires a capital commitment of at least $200 million, and instead would sell metal concentrate and gold doré directly to the market. Average annual production during the first 14 years of the project could be 1,800 tonnes of battery grade cobalt sulphate, 47,000 oz. of gold, 1,700 tonnes of bismuth in ingots and oxide, and about 662,400 lb. of copper in precipitate, the company says. Fortune is currently optimizing all aspects of the mine, mill and metals plant to create a more robust project. The company is also involved in the Arctos metallurgical coal joint-venture in Alberta with South Korea’s Posco, the 100%-owned Sue-Dianne copper-silver-gold project, 25 km north of Nico, and the Salkeld Lake property south of Great Slave Lake. The company also holds a royalty on properties in the former Camsell Lake silver mining district south of Great Bear Lake. Fortune Minerals has a market cap of $48 million. n GRANITE CREEK COPPER Granite Creek Copper (TSXV: GCX; US-OTC: GCXXF) acquired Copper North Mining in November 2020, giving Granite Creek 100% ownership of the Carmacks copper project, 220 km northwest of Whitehorse in the Yukon. The project includes the Carmacks North

Cassiar Gold’s Cassiar project in British Columbia. CASSIAR GOLD.

property, acquired in 2018 when it was known as the Stu property. The Carmacks property is on trend with the high-grade Minto copper-gold mine to the north and is 12 km away from the electricity grid and 60 km from paved Hwy 2. The Carmacks deposit has been defined by over 50,000 metres of drilling and includes zones 1, 7, 4, 2000S 12 and 13. The updated resource estimate was to have been

When we can’t be there, we can assess your samples remotely. Granite Creek's Carmacks copper property in British Columbia. GRANITE CREEK COPPER

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released by the end of last year and an updated preliminary economic assessment is to be completed in the first quarter of this year. Granite Creek says it is looking at a potential underground mine for Carmacks. The mining rate would likely be 4,860 tonnes per day to produce 30 million lb. of copper annually. It is studying the use of ore sorting technology, onsite versus offsite processing, leaching technologies, and various underground mining methods. The last time a resource estimate was done for the Carmacks deposit was 2017. For the oxide and transition mineralization there are 15.7 million measured and indicated tonnes grading 0.94% copper, 0.39 gram gold per tonne, and 3.8 grams silver per tonne. The inferred portion was 913,000 tonnes grading 0.45% copper, 0.12 gram gold, and 1.9 grams silver. The deposit also has sulphide mineralization, which in the measured and indicated category is 8.1

million tonnes grading 0.68% copper, 0.18 gram gold per tonne, and 2.33 grams silver per tonne. The inferred sulphide resource is 8.4 million tonnes at 0.63% copper, 0.15 gram gold and 1.99 grams silver. Metallurgical studies have been undertaken in preparation for the upcoming preliminary economic assessment. The sulphide material demonstrated excellent results from the initial flotation testing. The choice of tank leaching for recovery of both copper and gold was confirmed. Granite Creek has a market cap of $17.9 million. n NORTHISLE COPPER AND GOLD Northisle Copper and Gold (TSXV: NCX; US-OTC: NTCPF) is the 100% owner of the North Island copper-gold porphyry property on Vancouver Island near the town of Port Hardy in British Columbia. Four deposits — Hushamu, Red Dog, Pemberton

Hills and Northwest Expo — have been identified on the property and two have resource estimates. The Hushamu deposit contains 472.9 million indicated tonnes grading 0.2% copper, 0.23 gram gold per tonne, 0.008% molybdenum, and 0.29 gram rhenium per tonne (0.4% copper-equivalent) and 414.3 million inferred tonnes grading 0.15% copper, 0.18 gram gold, 0.006% molybdenum, and 0.29 gram rhenium (0.31% copperequivalent). The Red Dog deposit contains 54.5 million indicated tonnes grading 0.22% copper, 0.31 gram gold per tonne and 0.004% molybdenum (0.46% copper-equivalent) and 3 million inferred tonnes at 0.17% copper, 0.25 gram gold and 0.002% molybdenum. Taken together, the indicated resources of both deposits contain 2.3 billion lb. of copper, 4 million oz. of gold, 88.2 million lb. of See BC, YUKON AND NWT / 15

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THE NORTHERN MINER / JANUARY 10–23, 2022

Walter Coles, CEO and president of Skeena Resources (r.), with Chad Day, president of the Tahltan Central Government. SKEENA RESOURCES

BC, YUKON AND NWT from 14

molybdenum and 165,500 kg of rhenium. That equates to contained copper-equivalent of 4.7 billion lb. or a contained gold-equivalent of 9.3 million ounces. Northisle released a preliminary economic assessment for North Island in February 2021. It outlined an open pit mine with a life of 22 years with average annual production of 177 million lb. of copperequivalent over the first six years. That equates to 112 million lb. cop-

per, 112,000 oz. gold and 2.7 million lb. molybdenum. The project would sit in the first cost quartile with all-in sustaining costs of 77¢ per lb. copper, net of by-products, over the same six years. The project needs a pre-production capital injection of $1.1 billion but it would pay for itself in 3.9 years. The base case used metal prices of US$3.27 per lb. for copper, US$1,650 per oz. for gold and US$10 per lb. for molybdenum. The after-tax net present value at an 8% discount rate is $1.1 billion

and the after-tax internal rate of return is 19%. Both the Hushamu and Red Dog deposits can be mined using conventional truck and shovel open pit methods at a rate of 75,000 tonnes of mineralized material daily. The mine plan covers four phases, the first of which will see the Hushamu deposit provide 50,000 tonnes per day to the mill and the Red Dog deposit 25,000 tonnes per day to the mill. The mill will have a conventional copper-molybdenum flow-

sheet and operate with head grades estimated to be 0.18% copper, 0.24 gram gold per tonne and 0.008% molybdenum. Estimated recovery rates will be 86% for copper, 47% for gold and 60% for molybdenum. Northisle Copper and Gold has a market cap of 45.6 million. n SKEENA RESOURCES Skeena Resources (TSX: SKE; NYSE: SKE) is focused on precious metal properties in British Columbia’s Golden Triangle north of the town of Stewart. The two

properties that it is most interested in are the former Eskay Creek and Snip gold mines. When it was owned and operated by Barrick Gold from 1994 to 2008, Eskay Creek produced 3.3 million oz. of gold and 160 million oz. of silver. Skeena optioned the project in 2017 and now owns 100%. Last July, the company released a prefeasibility study for Eskay Creek based on proven and probable reSee BC, YUKON AND NWT / 16

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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.

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BC, YUKON AND NWT from 15

serves of 26.4 million tonnes grading 3.37 grams gold per tonne and 94 grams silver per tonne, containing 3.9 million oz. gold-equivalent. The 2021 resource estimate is 38.5 million measured and indicated tonnes grading 3.1 grams gold per tonne and 82.1 grams silver per tonne for 5.3 million contained oz. gold-equivalent. The inferred resource is 5.7 million tonnes at 1.6 grams gold and 27.4 grams silver for 300,000 contained oz. gold-equivalent. The reopened Eskay Creek mine would have a life of 9.8 years, producing 249,000 oz. of gold and 7.2 million oz. of silver (352,000 oz. gold-equivalent) over its life. All-in sustaining costs were estimated at US$548 per oz. gold-equivalent recovered. With much of the site infrastructure intact and a permitted tailings management facility, the project has a pre-production capital requirement of $488 million, followed by $47 million in sustaining capital, and $92 million for closure costs. The after-tax payback period would be 1.4 years. In preparing the prefeasibility study, a gold price of US$1,550 per oz. and a silver price of US$22 per oz. were used. The Eskay Creek project has an after-tax net present value at a 5% discount rate of $1.4 billion and an internal rate of return of 56%. It would generate annual free cash flow of $265 million after taxes. The property has additional potential to recover material from the Albino waste and tailings facility. The historical cut-off grade was 15-30 grams gold per tonne, leaving behind ounces that may be economic to recover at today’s higher prices. The average grade of holes drilled at this location is 5.21 grams

gold-equivalent per tonne over 13.2 metres. Drilling will continue. In December 2021, FrancoNevada made an investment of $30.9 million in Skeena when it bought up almost 1.2 million flowthrough common shares of the company. The funds will be used for exploration at and near the Eskay Creek project. Skeena acquired a 100% interest in the past-producing Snip gold mine from Barrick in 2017. The mine previously produced about 1 million oz. of gold from 1991 to 1999. Skeena optioned 60% of Snip to Hochschild Mining the following year. Hochschild will have to spend about $100 million on the project during the option period. After completing the earn-in, a joint venture will be established between the two companies. In July 2020, Skeena released an underground resource estimate for Snip. The indicated resource is 539,000 tonnes averaging 14 grams gold per tonne for 244,000 contained ounces. The inferred portion is 942,000 tonnes at 13.3 grams gold for 402,000 contained ounces. Skeena purchased a 100% interest in the Spectrum copper-gold property in 2014. In 2019 the Tahltan central government indicated the Spectrum property is within the territory it considers to be of cultural, ecological and hunting or fishing interest to the Indigenous community. Consequently, Skeena wrote off its $7.4 million investment and reduced its carrying value to zero. Last year the company returned the mineral tenures to the Tahltan nation and helped create a conservancy for the property. Shortly after, the Tahltan central government became shareholders of Skeena by investing $5 million. Skeena has a market cap of $835 million. TNM

BRENDAN MARSHALL from 9 TNM: Do you think an increase in

critical metal production is going to increase carbon emissions? How do we balance that? BM: It’s one of the reasons why the mining industry acknowledges we are not here just to provide more raw materials, we need to be a part of the solution also in the sense of reducing our own carbon footprint. What that means for us practically [is] we need a technology push on an accelerated basis. We are seeing decarbonization of mobile equipment (cars, trucks) through the implementation of battery electric vehicles. There is a wide array of technology that is currently deployed and is allowing sites to decarbonize. But in the off-grid zones, it’s different. In Canada we have a fleet of off-grid mines that are subject to mounting carbon costs. Looking long term, we need to ensure that the critical minerals are viable and we also need to ensure that we are responsibly creating technology that will allow the off-grid sites to decarbonize. We believe the future of off-grid mining in Canada is critical because this will increase. In 2018, 52% and 62% of Canada’s nickel and cobalt, respectively, were extracted from off-grid mines. That is over half of Canada’s mine production not connected to the grid. Despite that, despite the reliance on fossil fuels for transportation, the materials extracted are transported to smelters that are run by clean power and the low-carbon intensity smelting and refining activities are what create this low carbon advantage. We need both these activities to keep the supply-chain healthy. Assuring the future of Canada’s off-grid mining

VISION BLUE RESOURCES from 9

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than half of North America’s silicon metal demands in the last five years have been met through imports due to a dearth in new silicon metal plants. Davis, who led Xstrata from a $500 million business to one of the world’s largest mining companies before it was acquired by Glencore (LSE: GLEN) in 2013, will become Sinova’s chairman. The long-time mining executive believes the company has the potential to become a major new supplier of quartz and silicon metal products in North America, and noted that the

industry is a really significant part of achieving broader electric vehicles and batteries, which again is critical to help decarbonize. for a ‘just transition’ towards clean energy in the mining sector? BM: Currently what we are seeing in the north is an example of policy incoherence. Let me start from the beginning. The mining industry in the north is the largest private sector investor, it’s the largest private sector employer of indigenous Canadians, it’s the largest trainer and partner of indigenous communities around which mines are operating, it is a driver of indigenous economic reconciliation ... so that’s one of those policies where it’s a priority for the Federal government to continue driving indigenous reconciliation. And in the north, the mining industry is the largest component of driving indigenous economic reconciliation. Now on the climate mitigation side, we see a number of measures that are put in place to drive decarbonization. Carbon prices are designed to facilitate changes in behavior. If you raise the cost of carbon for example, that creates an incentive to move away from that fuel to another tech, and that’s a powerful signal in many cases … but in the north that is muted because without alternative technology to move towards, the reliance on fossil fuels persists, and thus the carbon cost strategy does not provide the energy transition that everybody is desiring. We have a climate mitigation policy that is increasing the cost of doing business in a region that is already the most expensive jurisdiction in Canada and arguably the world. Then you have a message on

the clean technology side, which says we need more materials, we need more graphite, cobalt to meet the projected demand of clean technology. So on the one side you get a policy that’s making it more difficult to do business, and then you have the indigenous reconciliation aspect. If those off-grid mines are unable to continue operating, the clean technology measures and also the broader business reconciliation driver become offline. Those sites are reliant on diesel. There is no other alternative available to deeply decarbonize. Companies are doing what they can, for example there are wind turbines, there are other members who are working to displace diesel with renewable power, but today it only amounts to 10% of displacement of diesel fuel. So it’s not a scalable solution. We need more time but we need policies to be sensitive to that. Time is not something that one can afford with the proposed carbon price increases. We have a set trajectory for carbon price increases across Canada to $170 a tonne. By 2030, we are anticipating a clean fuel regulation to come into effect, which is another significant cost for liquid fuel consumers, which is what off-grid mines consume overwhelmingly and so, time is not on our side. And that’s where the policy incoherence resides. We would like to see greater policy coherence that allows progress in each of those areas. And we are not seeing that at present. There needs to be a greater set of balance particularly in the off-grid mining sector and the competing public policy priorities … If we don’t see that, those operations will become a constituency of concern in the context of a just transition dialogue. TNM

supply for very high-grade feedstock, such as that produced by Sinova, is “severely constrained” and there is insufficient silicon smelter capacity to refine it. Sinova’s CEO, Jayson Tymko, said it was the two companies’ shared interests in green energy that brought them together, and that VBR’s investment will ensure the company has enough funds necessary to meet its objectives. “Sinova’s unique resource is the first step in enabling all these technologies, such as solar, energy storage, computer chips and the light weight metals market,” Tymko told

The Northern Miner. “VBR saw a company that had a unique world class deposit, team and opportunity.” The company’s silicon metal manufacturing facility near Tiptonville, Tennessee is expected to go into production in 2024 and has received support from the Tennessee governor. “All of Tennessee succeeds when rural Tennessee succeeds, and this project will be transformational for Lake County,” Tennessee Governor Bill Lee said in a press release in December. “I thank Sinova Global for choosing to invest in Tennessee and establish its first manufacturing operations here.” TNM

TNM: Can you elaborate on the need

Last chance for Harte Gold bidders to come forward GOLD

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otential suitors for Harte Gold (TSX: HRT) and its Sugar Zone gold mine in Ontario have until January 14 to submit bids for the distressed company. If no bids are received, Australia’s Silver Lake Resources (ASX: SLR) will become the new owner of the assets. Harte was granted creditor protection in December. The company has been trying to find an acquirer since reporting that it did not have funds to proceed with a planned expansion of the mine, or to pay its debt obligations in May. The company began production at Sugar Zone in 2019 with an anticipated 13-year mine life. But Harte ran into multiple issues, including lower than expected production, equipment and ventilation issues, and labour issues. Harte said it would have to sus-

Harte Gold’s Sugar Zone mine in northern Ontario. HARTE GOLD

pend operations if it didn’t get an infusion of cash before the end of the year. In November, Silver Lake acquired US$63.3 million in credit facilities extended to Harte by BNP Paribas, and agreed to loan the miner $10.8 million. BNP has entered into a support agreement with Silver Lake to support its stalking horse bid.

The Sugar Zone mine produced 15,260 oz. gold in the third quarter of 2021, up from 11,283 oz. in the previous quarter, and 6,218 oz. in the third quarter of 2020. In January, the company released a feasibility study supporting the expansion of the mine to 1,200 tonnes per day from 800 tonnes per day. TNM

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M A R K E T N EWS TORONTO STOCK EXCHANGE / DEC. 27-DEC. 31, 2021 The S&P/TSX Composite Index fell 6.9 points or 0.03% to finish the December 27-December 31 trading week at 21,222.80. The S&P/ TSX Global Mining Index rose 0.02 points or 0.02% to 103.94 and the S&P/TSX Global Base Metals Index lost 0.32 points or 0.18% to 178.12. The S&P/TSX Global Gold Index gained 3.21 points or 1.11% to finish at 291.99 and spot gold rose US$20.60 per oz. or 1.14% to US$1,829.80 per ounce. Triple Flag Precious Metals gained $1.23 to $15.19 per share. The company announced a US$4.9 million acquisition of three pre-existing 2% net smelter return royalties on each of the Aster 2, Aster 3, and Helada properties from a private third party that “are proximal” to Gold Fields’ Salares Norte gold project in Chile. The company said the properties “cover prospective exploration ground that Gold Fields has been exploring.” The royalties include buy-down provisions that would decrease the amount of each NSR royalty from 2% to 1%. If the buydown provisions are exercised, Triple Flag said, the amount it would receive would be US$2 million for the Aster 2 royalty and US$4 million for each of the Aster 3 and Helada royalties. The company closed its initial public offering in May 2021, and has 78 assets, including nine

streams and 69 royalties. Solaris Resources jumped $1.08 to $16.94 per share. The company announced assay results from a series of additional holes from resource and exploration drill programs at its Warintza project in southeastern Ecuador. Highlights included 868 metres grading 0.58% copperequivalent starting from 28 metres in hole SLS-37; 244 metres of 0.70% copper-equivalent from 58 metres downhole in SLS-38; and 915 metres grading 0.56% copper-equivalent from 90 metres depth, including 368 metres of 0.73% copper-equivalent, in drillhole SLS-39. “These latest results continue to expand the dimensions of Warintza Central to the south and southeast where it remains open,” Jorge Fierro, the company’s vice-president of exploration, TSX MOST ACTIVE ISSUES

Suncor Energy Barrick Gold Kinross Gold St Augustine Denison Mines Yamana Gold Fission Uran B2Gold Corp Orea Mining Lundin Mng

VOLUME (000s) HIGH

WEEK LOW CLOSE CHANGE

SU 15574 32.20 ABX 9768 24.17 K 9098 7.41 SAU 8525 0.19 DML 8379 1.87 YRI 7463 5.39 FCU 7161 0.88 BTO 7093 5.03 OREA 5565 0.13 LUN 5560 9.98

31.31 31.65 + 0.20 23.35 24.05 + 0.24 7.06 7.34 + 0.18 0.09 0.15 + 0.06 1.74 1.74 - 0.11 5.21 5.32 + 0.02 0.74 0.78 - 0.10 4.80 4.98 + 0.05 0.09 0.09 - 0.04 9.41 9.88 + 0.34

stated in a news release. “Our next series of holes will target extensions to the north and northeast. In January, we are looking forward to the results of the first-ever drilling at Warintza South, where we are targeting the fourth major discovery within the 7 km by 5 km cluster of copper porphyries on this property.” Shares of Barrick Gold rose 24¢ to $24.05. On December 29 the gold major reported that its North Mara mine in Tanzania had achieved

its commitment to bring the operation’s tailings storage facility pond back within its permitted design capacity before the end of 2021. Barrick spent over US$65 million on the project, increasing the water treatment plant’s capacity 16-fold from 2.5 million liters per day to 40 million litres per day. The addition of a brine treatment plant has also lowered the volume of salts in the effluent water, enabling it to be stored safely, the company said. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

St Augustine RTG Mining Sulliden Mng Verde Potash Mawson Res Generation Min Condor Gold Northcliff Res NorZinc Candente Coppr Orea Mining Platinum Gp Mt Xanadu Mines Azarga Uranium Yorbeau Res Almaden Min Great Panther PolyMet Mng SouthGobi Res Fission Uran

SAU RTG SMC NPK MAW GENM COG NCF NZC DNT OREA PTM XAM AZZ YRB AMM GPR POM SGQ FCU

8525 208 338 521 516 1855 43 128 986 845 5565 438 244 1481 229 367 1594 14 62 7161

0.19 0.13 0.21 2.90 0.19 1.04 0.58 0.05 0.05 0.21 0.13 2.51 0.03 0.67 0.04 0.44 0.32 3.57 0.22 0.88

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.09 0.00 0.00 2.32 0.16 0.88 0.00 0.00 0.04 0.18 0.09 1.99 0.03 0.57 0.00 0.37 0.27 0.00 0.18 0.74

0.15 0.12 0.21 2.80 0.19 1.03 0.58 0.05 0.05 0.21 0.09 1.99 0.03 0.58 0.04 0.39 0.28 3.17 0.19 0.78

+ + + + + + + + + + -

61.1 33.3 32.3 20.7 12.1 12.0 11.5 11.1 11.1 10.8 32.0 19.4 16.7 13.4 12.5 12.5 12.5 11.9 11.6 11.4

Newmont Corp Triple Flag Solaris Res Franco-Nevada Teck Res Agnico Eagle Lundin Gold Verde Potash Kirkland Lake Lundin Mng Labrador IOR MAG Silver Nutrien Cameco Corp Turquoise HIl Seabridge Gld Energy Fuels First Majestic Pan Am Silver Largo Res

NGT TFPM SLS FNV TECK.A AEM LUG NPK KL LUN LIF MAG NTR CCO TRQ SEA EFR FR PAAS LGO

395 54 629 809 6 2308 653 521 1276 5560 1011 933 3957 3324 386 87 1732 2150 1094 284

WEEK CLOSE

78.44 15.19 16.94 174.94 38.20 67.19 10.42 2.80 53.01 9.88 37.53 19.83 95.08 27.58 20.80 20.90 9.66 14.07 31.56 11.72

CHANGE

+ + + + + + + + + + -

2.40 1.23 1.08 0.91 0.89 0.74 0.52 0.48 0.44 0.34 2.15 1.59 1.16 1.03 0.87 0.82 0.77 0.72 0.58 0.56

TSX VENTURE EXCHANGE / DEC. 27-DEC. 31, 2021 The S&P/TSX Venture Composite Index rose 4.21 points or 0.45% to 939.18. Spot gold rose US$20.60 per oz. or 1.14% to US$1,829.80 per ounce. Shares of Rock Teck Lithium rose 75¢ to $7.56. The company announced that it had closed the first tranche of a private placement to U.S. and international investors at a price of US$4.20 ($5.38) per unit for gross proceeds of about US$39.6 million ($50.7 million). Each unit consisted of one common share and one common share purchase warrant entitling the holder to purchase a common share at an exercise price of $6.77 per warrant share until June 30, 2024. Rock Tech will use the funds to finance the construction of a high-grade lithium hydroxide converter and refinery facility in Guben, Germany. Some of the proceeds will also be used for exploration and development at its Georgia Lake lithium project in Ontario, Canada, and for general corporate purposes. The company says it plans to supply the automotive industry with lithium hydroxide and anticipates commissioning its lithium converter at a nameplate production capacity of 24,000 tonnes per year as early as 2024. Cypress Development rose 32¢ to $2.22. The company announced on December 22 that it had

successfully completed a seven-day continuous run at its pilot plant located at a metallurgical facility in Amargosa Valley, Nevada, about 160 km southeast of its 100%-owned Clayton Valley lithium project. The pilot plant operated at its designed feed rate of one ton per day of lithium claystone from the Clayton Valley lithium project. Over 400 samples of leach solutions and solids were collected and shipped to ALS Global for analysis during the testing period. Cypress leased a portion of the metallurgical facility in 2021 to build the lithium extraction pilot plant. The company plans to produce high-purity lithium hydroxide suitable for battery use. Baroyeca Gold jumped 44.3% to 44¢. The company signed a letter of intent to acquire TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold Gold Line Res NuLegacy Gold Copper Lake Rs Kermode Res NEO Battery Vanadiumcorp Vision Lithium Azincourt Ener SPC Nickel

HIVE GLDL NUG CPL KLM NBM VRB VLI AAZ SPC

8551 6223 5222 5112 5069 4507 4243 4026 3971 3677

4.03 0.20 0.04 0.14 0.04 0.43 0.07 0.23 0.08 0.17

WEEK LOW CLOSE CHANGE

3.30 0.14 0.03 0.09 0.02 0.37 0.05 0.18 0.07 0.13

3.31 0.15 0.03unch 0.13 + 0.04 + 0.39 0.05 0.21 + 0.07unch 0.14 -

0.52 0.01 0.00 0.04 0.02 0.03 0.01 0.02 0.00 0.02

200 hectares to the south and contiguous to its Santa Barbara gold project in Colombia. The new ground includes a past-producing artisanal gold mine, and brings the project’s total land package to 310 hectares. Under the deal Baroyeca pays US$250,000 in cash and issues $250,000 worth of shares. The new ground, said Raul Sanabria, the company’s president, “secures the southwestern extension along

strike of the already identified vein sets and increases an extra 60% of our land position in the area to an approximately 2,100 metre by 1,800 metre block.” The past-producing mine, he added, “is known for recovering high-grade gold near surface, from a parallel vein similar to the one Baroyeca is currently developing as an exploratory tunnel, and is less than 150 metres from our pilot processing plant.” TNM

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

Frontline Gold Rio Silver Kermode Res Balto Res Hudson Res Intact Gold Baroyeca Gold Taranis Res Pacific Silk Altaley Mining Castle Peak Mg Madoro Metals Silver Predatr Hawkeye Gld&Di Karoo Expl Fabled Silver Running Fox Rs Cariboo Rose Nippon Dragon Corsa Coal

FGC RYO KLM BAL.H HUD ITG BGS TRO PP ATLY CAP MDM SPD HAWK AHE.H FCO RUN.H CRB GETT CSO

787 253 5069 83 1785 132 313 70 242 821 100 369 1103 405 4 1904 76 94 90 495

0.03 0.07 0.04 0.14 0.10 0.08 0.45 0.12 0.04 0.49 0.02 0.09 0.11 0.02 0.36 0.10 0.02 0.05 0.03 0.82

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.00 0.02 0.00 0.06 0.00 0.00 0.00 0.00 0.35 0.00 0.07 0.07 0.00 0.00 0.07 0.00 0.00 0.00 0.58

0.03 0.07 0.04 0.14 0.09 0.08 0.44 0.12 0.04 0.49 0.01 0.07 0.08 0.02 0.36 0.08 0.02 0.04 0.02 0.65

+ + + + + + + + + + -

66.7 62.5 60.0 55.6 50.0 50.0 44.3 43.8 40.0 38.6 33.3 27.8 25.0 25.0 23.7 21.1 20.0 20.0 20.0 18.8

VOLUME (000s)

Rock Tech Lith Arizona Metals Highwood Asset New Found Gold Saturn Mnrls Comet Inds Cypress Dev Universal Vent Cassiar Gold Great Bear Res Nouveau Monde Leeta Gold Artemis Gold IsoEnergy Ltd Uranium Roylty NGEx Minerals Prime Mining EMX Royalty American Lith ZEN Graphene

RCK AMC HAM NFG SOIL CMU CYP MCLD GLDC GBR NOU HIVE ARTG ISO URC NGEX PRYM EMX LI ZEN

WEEK CLOSE

397 7.56 627 6.15 0 12.50 782 8.98 70 3.94 2 3.50 1157 2.22 43 6.19 1395 1.33 988 28.84 144 8.79 8551 3.31 330 6.90 688 3.74 615 4.58 780 1.85 394 3.96 60 2.80 915 4.26 2245 4.98

CHANGE

+ + + + + + + + + + -

0.75 0.63 0.50 0.47 0.47 0.35 0.32 0.28 0.28 0.24 0.60 0.52 0.49 0.38 0.36 0.29 0.24 0.21 0.19 0.18

U.S. MARKETS / DEC. 27-DEC. 31, 2021 The Dow Jones Industrial Average rose 387.74 points or 1.08% to finish the trading week at 36,338.30 and the S&P 500 gained 40.39 points or 0.86% to 4,766.18. Spot gold climbed US$20.60 per oz. or 1.14% to US$1,829.80 per ounce. Newmont rose US$2.49 to US$62.02 per share. The company announced on December 20 that it had received net proceeds of about US$992 million after deducting underwriting discounts (before expenses), upon closing its registered public offering of US$1 billion of 2.60% sustainability linked senior notes due 2032. The coupon of the notes is linked to Newmont’s performance against key ESG commitments regarding 2030 emissions reduction targets and its target for the representation of women in senior leadership roles. Vale was the most heavily traded stock, and rose US11¢ to US$14.02. The company confirmed on December 29 that it “has had preliminary discussions with Anglo American on the possibility to develop, through partnership, the mineral resources of the Serpentina project, held by Vale, aiming to leverage from existing processing and logistics infrastructure at Minas-Rio and Vale’s operations.” Mining rights at Vale’s Serpentina project in Brazil’s Minas Gerais state are contiguous to Anglo

American’s Minas-Rio operation. Shares of Alcoa climbed US22¢ to US$59.58. The company announced on December 29 that it had reached an agreement with representatives of workers at its San Ciprian aluminum plant in Spain “aimed at resolving ongoing challenges that stem from exorbitant energy prices.” Under the agreement, Alcoa will curtail for two years the smelter’s 228,000 tonnes of annual capacity and will only resume operations in January 2024. During the two year period, the casthouse and the San Ciprian alumina refinery will continue to operate normally. “During the curtailment period, Alcoa will seek to secure as soon as possible long-term power purchase agreements, beginning from 2024,” it stated in a news release. “Also, the company has committed US$68 million for U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE Barrick Gold* GOLD Freeport McMoR*FCX Yamana Gold* AUY Cleveland-Clif* CLF Kinross Gold* KGC United States S* X Chevron Corp* CVX Alcoa* AA Newmont Corp* NEM

85123 65373 56159 55273 55213 48997 46083 32557 24241 24196

HIGH

WEEK LOW CLOSE CHANGE

14.20 13.51 14.02 + 19.08 18.22 19.00 + 42.77 40.63 41.73 + 4.26 4.05 4.22 + 21.89 20.14 21.77 + 5.84 5.50 5.81 + 23.96 22.73 23.81 + 119.34 115.41 117.35 + 61.59 57.23 59.58 + 62.18 59.09 62.02 +

0.11 0.43 0.60 0.09 1.48 0.24 0.66 0.94 0.22 2.49

capital investments and US$35 million for restart costs. As part of the agreement, workers will immediately cease a strike action that has affected both the aluminum smelter and the alumina refinery.” Under the agreement, Alcoa will provide full wages and benefits to its employees during the two-year period, extend the contracts of contractor companies through 2024 and provide a new collective bargaining agreement that includes pay increases extending to the end of 2025, the company said. Alcoa said

it anticipates restructuring-related charges of about US$60 million or US32¢ per share in the fourth quarter of 2021. In addition, Alcoa said it expects the San Ciprian aluminium plant will record a net loss before taxes of about US$20$25 million in 2022 based on current market prices, and forecasts the plant will record a net loss before taxes in 2021 of about US$65 million. It also noted that the average spot market power price in Spain for the month of December was US$276 per megawatt hour. TNM U.S. GREATEST VALUE CHANGE

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

NACCO Ind* Cleveland-Clif* AngloGold Ash* Kinross Gold* Newmont Corp* Natural Res Pt* Harmony Gold* Gold Fields* Agnico Eagle* DRDGOLD* CONSOL Energy* Peabody Enrgy* Endeavr Silver* Nexa Resources* Gatos Silver* First Majestic* Nouveau Monde* McEwen Mng* Coeur Mng* Seabridge Gld*

NC CLF AU KGC NEM NRP HMY GFI AEM DRD CEIX BTU EXK NEXA GATO AG NMG MUX CDE SA

46 55213 9318 48997 24196 116 15578 19375 8852 611 1324 12770 7754 335 2255 17911 693 9565 17066 1004

36.29 21.89 21.12 5.84 62.18 33.42 4.12 11.06 53.23 8.54 24.79 10.98 4.49 8.34 10.94 11.70 7.75 0.94 5.22 16.92

VOLUME (000s)

WEEK LOW CLOSE CHANGE

32.90 20.14 19.63 5.50 59.09 30.65 3.88 10.39 50.75 8.07 22.28 9.90 4.13 7.56 9.88 10.73 6.92 0.86 4.81 16.15

36.29 21.77 20.98 5.81 62.02 33.42 4.11 10.99 53.14 8.48 22.71 10.07 4.22 7.86 10.38 11.11 6.99 0.89 5.04 16.49

+ + + + + + + + + + -

9.7 7.3 4.3 4.3 4.2 4.1 4.1 3.9 3.0 2.9 6.7 4.8 4.7 4.4 3.9 3.7 3.3 2.6 2.5 2.3

MartinMarietta* MLM NACCO Ind* NC Franco-Nevada* FNV Newmont Corp* NEM Arch Resources* ARCH Black Hills* BKH Agnico Eagle* AEM Southern Copp* SCCO Cleveland-Clif* CLF Natural Res Pt* NRP CONSOL Energy* CEIX Intrepid Pots* IPI Peabody Enrgy* BTU First Majestic* AG Gatos Silver* GATO Cameco Corp* CCJ Seabridge Gld* SA Nexa Resources* NEXA Sibanye-Stillw* SBSW CONSOL Energy* CNX

1145 46 2518 24196 1750 679 8852 2531 55213 116 1324 340 12770 17911 2255 15480 1004 335 10344 6785

WEEK CLOSE

440.52 36.29 138.29 62.02 91.32 70.57 53.14 61.71 21.77 33.42 22.71 42.73 10.07 11.11 10.38 21.81 16.49 7.86 12.54 13.75

CHANGE

+ + + + + + + + + + -

3.46 3.20 2.80 2.49 2.26 1.88 1.54 1.51 1.48 1.33 1.62 0.61 0.51 0.43 0.42 0.41 0.39 0.36 0.29 0.27

GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 10–23, 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 December 31 2021 (change from December 24 2021 in brackets): 2060 939200 88950 54550 101886 2020 199575

Aluminium Alloy Aluminium Copper Lead Nickel Tin Zinc

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$92.50 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$30.10 Cobalt: US$31.73/lb. Copper: US$4.40/lb. Copper: CME Group Futures February 2022: US$4.40/lb.; March 2022: US$4.41/lb. Iridium: NY Dealer Mid-mkt US$4,000/tr oz. Iron Ore 62% Fe CFR China-S: US$119.5. Lead: US$1.06/lb. Rhodium: Mid-mkt US$14,150 tr. oz. Ruthenium: Mid-mkt US$550.00 per oz. Silver: Handy & Harman Base: US$22.86 per oz.; Handy & Harman Fabricated: US$28.57 per oz. Tin: US$17.98/lb. Uranium: U3O8, Trade Tech spot price: US$42.10 per lb. U308 Zinc: US$1.65 per lb. Prices current January 5, 2021

(0) (-24975) (-325) (-150) (-1962) (+225) (-3650)

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of December 15, 2021 (with changes from November 30, 2021) Largest short positions Argonaut Gold AR 21415303 8748330 11/30/2021 Ivanhoe Mines IVN 20624975 6614308 11/30/2021 Suncor Energy SU 18696500 -3298039 11/30/2021 Kinross Gold K 16125667 4979347 11/30/2021 Calibre Mng CXB 14895381 5271765 11/30/2021 Fortuna Silvr FVI 14221640 3918292 11/30/2021 Wheaton Prec WPM 13705604 4593432 11/30/2021 Barrick Gold ABX 12428076 -110534 11/30/2021 New Gold NGD 10715837 -1531802 11/30/2021 Fission Uran FCU 10350942 -4184622 11/30/2021 First Quantum FM 8600215 844091 11/30/2021 IAMGOLD IMG 7102465 -390487 11/30/2021 Yamana Gold YRI 7070311 -457761 11/30/2021 B2Gold Corp BTO 7024564 -2613015 11/30/2021 OceanaGold OGC 6894945 1903737 11/30/2021 Largest increase in short position Argonaut Gold AR 21415303 8748330 11/30/2021 Ivanhoe Mines IVN 20624975 6614308 11/30/2021 Calibre Mng CXB 14895381 5271765 11/30/2021 Kinross Gold K 16125667 4979347 11/30/2021 Wheaton Prec WPM 13705604 4593432 11/30/2021 Largest decrease in short position Nevada Copper NCU 1802263 -5210678 11/30/2021 Lundin Mng LUN 6871744 -4910356 11/30/2021 Fission Uran FCU 10350942 -4184622 11/30/2021 Trevali Mining TV 325784 -3411105 11/30/2021 Suncor Energy SU 18696500 -3298039 11/30/2021

Short positions outstanding as of December 15, 2021 (with changes from November 30, 2021) Largest short positions Leeta Gold HIVE 29581919 13761846 11/30/2021 EnCore Energy EU 9267502 1097060 11/30/2021 American Lith LI 5597371 938877 11/30/2021 ZEN Graphene ZEN 3845978 575031 11/30/2021 QC Copper QCCU 3068891 583878 11/30/2021 Emerita Res EMO 2822869 1269896 11/30/2021 Fission 3.0 FUU 2813503 -170194 11/30/2021 TVI Pacific TVI 2143952 2135680 11/30/2021 Vulcan Mnrls VUL 2066043 2032801 11/30/2021 Kanadario Gold GMIN 2002023 1000961 11/30/2021 GoviEx Uranium GXU 1978509 -386295 11/30/2021 Alpha Lithium ALLI 1742809 -1820105 11/30/2021 Abcourt Mines ABI 1699034 1662745 11/30/2021 Eskay Mng ESK 1669949 1614846 11/30/2021 Uragold Bay Rs HPQ 1536994 181159 11/30/2021 Largest increase in short position Leeta Gold HIVE 29581919 13761846 11/30/2021 TVI Pacific TVI 2143952 2135680 11/30/2021 Vulcan Mnrls VUL 2066043 2032801 11/30/2021 Abcourt Mines ABI 1699034 1662745 11/30/2021 Eskay Mng ESK 1669949 1614846 11/30/2021 Largest decrease in short position Giyani Gold EMM 50065 -3265495 11/30/2021 Critical Elem CRE 184030 -2674852 11/30/2021 Anfield Energy AEC 236238 -2622971 11/30/2021 Arena Min AN 266575 -2384233 11/30/2021 Three Valley TVC 1307496 -2138304 11/30/2021

DAILY METAL PRICES Date Dec 31 Dec 30 Dec 29 Dec 28 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2140/2142 2190/2192 2301/2304 2301/2304 Aluminum 2805.5/2805 2829/2824.5 2834.5/2818.5 2846/2841 Copper 9691/9681 9710/9655.5 9650/9620 9581/9564 Lead 2328/2287 2318.5/2283 2308/2265 2308/2271 Nickel 20900/20740 20690/20490 20315/20200 20290/20075 Tin 39615/39075 39875/39100 39700/39050 39800/38900 Zinc 3629.5/3538 3600/3525 3549/3490 3579/3533 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1820.10 1799.25 1796.35 Gold PM N.A. 1805.85 1794.25 Silver 23.09 22.77 22.84 Platinum 959 959 962 Palladium 1973 1973 1953

Dec 27 2301/2304 2846/2841 9581/9564 2308/2271 20290/20075 39800/38900 3579/3533

N.A. N.A. N.A. N.A. N.A.

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

Dec 31 1.2639 0.7911

Dec 30 1.2745 0.7846

Dec 29 1.2783 0.7823

Dec 28 1.2816 0.7803

Exchange rates (Quote Media, December 31, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0897 0.6963 91.0581 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5857 5.0323 58.9729 US to AUS US to EURO US to YEN 1.3766 0.8794 115.1080 US to UK Pound US to China Yuan US to India Rupee 0.7396 6.3559 74.5140

Dec 27 1.2790 0.7819

C$ to Mex Peso 16.2375 C$ to Swiss Franc 0.7221 US to Mex Peso 20.4973 US to Swiss Franc 0.9117

C$ to SA Rand 12.6235 C$ to S. Korea Won 940.6754 US to SA Rand 15.9510 US to S. Korea Won 1188.8800

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

Warrant to purchase one common share of the Issuer at $0.50 until expiry. Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry. Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

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

TSX VENTURE WARRANTS 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. 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. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share. LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share. Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share. Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share

Mexican Gold Corp. (MEX.WT) - One 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 52-week

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

Dec 31 21222.84 939.18 1286.98 291.99 253.47

Dec 30 21294.64 933.94 1292.46 292.28 253.47

Dec 29 21344.65 924.28 1296.34 288.20 253.47

Dec 28 21229.68 934.97 1288.54 288.78 253.47

Dec 27 21229.68 934.97 1288.54 288.78 253.47

High 21796.16 1113.64 1312.65 341.72 324.94

Low 17297.75 847.92 1024.13 257.81 229.83

CANADIAN GOLD MUTUAL FUNDS FundName Dec 31 ($) BMO Prec Mtls Fd A 24.05 BMO ZGD 69.94 BMO ZJG 64.86 CI Pre Met Fd A 55.82 CIBC Prec Metal Fd A Dyn Prec Metls Fd A 13.51 Harvest HGGG 26.69 Horizons HEP 27.98 IG MacGbPreMetCl A 15.48 iShares XGD 18.25 NBI PrecMetFd Invt NPT Go&PrMinFd A 54.75 Prec Met Fd A 65.16 RBC GblPreMetFd A 54.98 RBC GblPreMetFd Adv 55.34 TD Prec Mtl Fd Inv

Dec 24 ($) 23.89 70.14 65.27 56.07 14.17 13.49 26.54 27.84 15.34 18.11 18.47 54.25 64.55 54.90 55.27 46.38

Change ($) 0.16 0.07 -0.19 -0.25 0.11 0.02 1.34 0.32 0.14 0.14 0.02 0.50 0.61 0.08 0.08 0.52

Change (%) 0.65 0.10 -0.28 -0.44 0.81 0.17 5.06 1.16 0.94 0.76 0.11 0.92 0.94 0.14 0.14 1.12

YTDChange (%) -12.24 -11.46 -15.75 -4.71 -9.15 -9.26 -15.01 -10.46 -7.71 -7.87 -12.67 -11.08 -7.91 -13.36 -13.39 -9.96

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

TotalAssets (M$) 53.19 52.31 79.26 353.37 59.48 580.82 5.93 22.85 1163.69 27.33 63.56 420.18 2.05 125.79

NEW 52-WEEK HIGHS AND LOWS DECEMBER 27-31, 2021 62 New Highs Alcoa* Aldebaran Res Aldebaran Res* Amarillo Gold* American Pac Ameriwest Lith Ameriwest Lith* Arizona Metals Arizona Metals* Athabasca Min Athabasca Min* Atlas Salt Aurion Res * Aust Mines* Auxico Res* Baroyeca Gold BCM Res*

GLOBAL MINING NEWS · SINCE 1915

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

Moneta Porcpn* Montego Res Mountain Prov Mountain Prov* Neometals* NGEx Minerals* Noront Res* North Peak Res North Peak Res* Northisle C&G Northisle C&G * Nutrien Nutrien* Pac Booker Min* Pac Ridge Expl Pac Ridge Expl* Prophecy Pot Solaris Res

Solstice Gold Strongbow Expl Strongbow Expl* Teck Res Trifecta Gold* Triple Flag United Res Hdg* Verde Potash White Energy* 42 New Lows AmmPower Asante Gold Aura Minerals Batero Gold* Benton Res* Canada Rare Canada Silver* Chakana Copper*

Clarity Gold CNRP Mng Excellon Res Excellon Res* Fabled Silver Fabled Silver* Fiore Gold* Goldseek Res Great Panther Great Panther* Leopard Lake Magna Gold* Mako Mining* MetalCorp* Millrock Res* Monarca Mnrls* Nevada Sunrise* NuLegacy Gold*

Palladium One* Platinum Gp Mt Platinum Gp Mt* PolyMet Mng* Silver Bull Re* Starr Peak* Stelmine Can* Strikepoint Gd* Tanzanian Gold* Trilogy Mtls United Battery* Uranium Hunter* Uranium Res* Vanadiumcorp Vanstar Mng Rs* Winston Gold*

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

Bluestone Res Bluestone Res* Candente Gold Candente Gold* Cassiar Gold Chevron Corp* Constantine Mt Constantine Mt* Copper Lake Rs Intl Battery Intl Battery* Karnalyte Res Leading Edge Leading Edge* Lithium Energi* Lynas Corp* MartinMarietta* Metals X*

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

WWW.NORTHERNMINER.COM

JANUARY 10–23, 2022 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: DECEMBER 27–31, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1111 Explor 1844 Resources 1911 Gold* 1911 Gold 55 North 79 Resources 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources AbraSilver Res AbraSilver Res* Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res Adyton Res* AEX Gold Affinity Metal* African Gold* African Gold African Metals African Rainbo* Aftermath Silv* Agnico Eagle* Agnico Eagle Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alerio Gold Alexandra Cap* Alexco Res* Alexco Res Alianza Min Alianza Min* Alien Metals* 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 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* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res ArcPacific Res*

C 20 V 7 O 151 V 160 C 150 C 10 C 327 O 144 V 1215 O 478 V 1240 V 595 O 189 O 98 V 174 V 1510 O 1635 V 12 C 208 V 250 O 160 V 59 V 340 C 102 V 103 O 22 V 1442 O 100 V 22 O 3 O 309 V 1365 V 32 O 6 O 1026 N 8852 T 2308 O 50 V 81 O 103 C 169 T 1396 N 8485 N 24241 O 80 V 108 C 52 O 1676 X 3857 T 626 V 134 O 108 O 48 O 128263 V 126 O 164 V 114 D 2081 V 110 O 75 C 24 X 3665 T 367 O 119 V 74 T 66 O 81 O 52 V 131 O 341 V 1115 O 789 V 1926 V 132 O 0 O 497 V 26 V 821 O 549 O 536 V 624 V 3 V 0 V 283 O 64 T 274 O 46 V 660 O 464 O 300 V 140 O 28 V 3 O 34 V 1128 O 206 V 182 O 1363922 V 465 O 212 V 1414 O 95 O 588 O 239 V 398 V 568 O 809 V 217 O 1685 V 915 O 3574 V 1598 C 512 O 49 O 28 X 4140 T 633 T 1777 O 360 O 5184 C 1860 V 112 O 61 C 1100 O 1738 V 558 V 0 O 118 T 318 V 180 V 32 O 10 O 1634 V 1352 O 2 V 148 O 15 V 22 O 5 O 663 T 31 O 0 N 9318 V 707 O 46 O 4 V 64 O 74 V 22 V 10 V 0 O 1 O 15 V 265 V 20 V 292 O 44 O 491 C 124 O 7094 O 674 T 136 V 42 N 1750 C 3 V 5 V 0 O 7

0.06 0.07 0.27 0.37 0.05 0.10 0.09 0.04 0.05 0.06 0.08 0.09 0.07 0.04 0.06 0.40 0.34 0.42 0.98 0.05 0.05 0.02 0.06 1.23 0.99 0.76 0.07 0.05 0.61 0.07 0.11 0.14 0.08 14.73 0.34 53.23 67.33 0.17 0.20 0.20 0.30 9.74 7.70 61.59 0.77 0.99 0.27 0.21 1.82 2.34 0.08 0.06 0.01 0.00 0.33 0.26 0.28 12.67 0.24 0.18 0.05 0.32 0.44 0.26 0.32 0.89 0.71 0.06 0.08 0.40 1.29 0.82 0.99 0.14 0.00 0.07 0.09 0.49 0.39 0.21 0.24 0.02 0.00 0.33 0.25 17.69 13.84 0.31 0.27 0.04 0.02 0.90 1.09 5.57 0.09 0.07 0.06 0.00 0.11 0.09 0.41 0.33 0.02 0.16 0.20 0.05 0.04 0.15 3.76 4.55 0.53 0.60 1.33 0.16 0.09 0.84 1.10 1.46 1.15 1.21 1.54 3.00 2.39 0.46 0.38 0.07 0.00 0.54 0.64 1.80 1.86 1.47 0.09 0.11 0.02 0.02 0.07 0.09 41.92 21.00 2.39 0.00 21.12 0.19 0.16 0.75 0.97 0.03 0.04 0.19 0.00 18.27 0.07 0.06 0.13 0.71 0.56 0.56 0.63 0.01 0.07 0.09 2.71 96.53 0.75 0.20 0.00 0.05

0.06 0.00 0.23 0.30 0.00 0.09 0.08 0.03 0.04 0.05 0.06 0.09 0.06 0.03 0.00 0.37 0.28 0.00 0.90 0.00 0.04 0.01 0.05 0.59 0.94 0.74 0.06 0.04 0.56 0.07 0.09 0.13 0.00 14.73 0.30 50.75 65.08 0.12 0.00 0.12 0.20 9.42 7.37 57.23 0.60 0.00 0.25 0.17 1.63 2.11 0.07 0.06 0.01 0.00 0.00 0.22 0.00 11.68 0.00 0.00 0.00 0.29 0.37 0.15 0.00 0.87 0.62 0.01 0.06 0.30 1.14 0.71 0.91 0.12 0.00 0.06 0.00 0.35 0.27 0.16 0.20 0.00 0.00 0.29 0.22 17.12 13.05 0.27 0.21 0.00 0.00 0.80 0.00 5.34 0.07 0.06 0.00 0.00 0.11 0.08 0.41 0.31 0.01 0.14 0.19 0.04 0.03 0.13 3.25 4.15 0.39 0.50 1.08 0.13 0.03 0.77 0.99 1.40 1.06 0.78 1.06 2.81 2.21 0.38 0.30 0.00 0.00 0.42 0.61 1.55 0.00 1.37 0.06 0.09 0.00 0.00 0.06 0.09 0.00 19.91 2.11 0.00 19.63 0.16 0.13 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.69 0.45 0.44 0.55 0.01 0.06 0.08 0.00 86.46 0.75 0.00 0.00 0.05

0.06 unch 0.07 unch 0.24 0.31 0.05 + 0.09 unch 0.09 + 0.03 + 0.05 + 0.05 0.07 0.09 unch 0.07 + 0.04 0.05 0.38 0.30 0.42 + 0.96 + 0.05 unch 0.04 0.02 unch 0.06 unch 1.17 + 0.95 0.75 0.07 + 0.05 unch 0.60 unch 0.07 unch 0.11 + 0.13 0.08 + 14.73 unch 0.30 53.14 + 67.19 + 0.16 + 0.20 + 0.18 0.29 + 9.73 + 7.69 + 59.58 + 0.70 + 0.84 + 0.25 0.18 1.74 2.23 0.08 unch 0.06 + 0.01 + 0.00 + 0.33 + 0.25 + 0.25 12.64 + 0.22 0.17 0.05 unch 0.30 0.39 0.25 + 0.31 0.89 + 0.70 + 0.04 + 0.06 unch 0.38 + 1.15 0.74 0.94 0.12 unch 0.09 unch 0.06 0.09 + 0.49 + 0.38 + 0.17 0.22 0.02 unch 0.15 unch 0.30 0.23 17.41 + 13.78 + 0.31 + 0.24 + 0.04 + 0.02 unch 0.86 1.03 5.39 0.09 + 0.06 0.06 + 0.00 + 0.11 0.08 0.41 + 0.32 + 0.01 + 0.16 + 0.19 unch 0.05 + 0.04 0.13 3.35 4.26 0.41 0.52 1.33 + 0.13 0.05 + 0.81 1.02 1.46 + 1.15 + 1.14 + 1.42 + 2.91 2.29 0.38 0.31 0.07 + 0.12 unch 0.49 0.63 unch 1.70 1.75 1.40 0.08 + 0.10 unch 0.02 + 0.02 unch 0.06 unch 0.09 unch 40.49 + 20.58 + 2.39 + 21.05 unch 20.98 + 0.17 0.13 0.73 + 0.94 unch 0.03 unch 0.04 unch 0.19 0.18 unch 18.10 0.07 + 0.05 0.13 unch 0.71 + 0.55 0.46 0.58 0.01 + 0.07 unch 0.09 unch 2.61 unch 91.32 + 0.75 unch 0.20 0.21 unch 0.05 unch

0.00 0.00 0.01 0.03 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.02 0.01 0.00 0.01 0.00 0.00 0.58 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.02 1.54 0.74 0.01 0.02 0.01 0.07 0.09 0.16 0.22 0.11 0.09 0.02 0.03 0.05 0.09 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.78 0.01 0.04 0.00 0.01 0.06 0.01 0.01 0.02 0.04 0.00 0.00 0.07 0.07 0.00 0.05 0.00 0.00 0.01 0.01 0.14 0.09 0.01 0.02 0.00 0.00 0.02 0.00 0.23 0.52 0.01 0.00 0.03 0.00 0.01 0.07 0.10 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.11 0.19 0.05 0.08 0.23 0.01 0.00 0.04 0.07 0.01 0.07 0.30 0.32 0.03 0.04 0.05 0.03 0.02 0.00 0.01 0.00 0.05 0.17 0.06 0.01 0.00 0.00 0.00 0.00 0.00 0.12 0.34 0.20 0.00 0.87 0.03 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.05 0.03 0.01 0.00 0.01 0.00 0.00 0.05 0.00 0.00 0.00 0.00 2.26 0.00 0.05 0.00 0.00

0.15 0.11 0.59 0.72 0.23 0.25 0.16 0.11 0.11 0.18 0.24 0.18 0.15 0.07 0.09 0.82 0.68 3.00 1.34 0.12 0.10 0.04 0.14 2.09 1.34 1.06 0.40 0.07 1.00 0.18 0.24 0.20 0.18 18.00 1.37 76.69 97.21 0.49 0.62 0.79 0.45 12.63 9.87 61.59 0.77 0.99 0.49 1.45 3.45 4.38 0.25 0.19 0.02 0.02 0.56 0.46 1.15 12.90 0.68 0.44 0.23 1.20 1.52 0.27 0.33 1.30 1.07 0.13 0.08 0.50 1.69 0.85 1.07 0.17 0.11 0.13 0.19 0.80 0.79 0.42 0.47 0.05 0.22 0.50 0.36 19.39 16.00 0.43 0.37 0.50 0.05 1.29 1.66 6.99 0.15 0.12 0.10 0.01 0.20 0.16 0.42 0.33 0.08 0.35 0.44 0.10 0.08 0.40 5.00 6.25 2.25 2.86 1.32 0.16 0.29 3.46 4.40 1.61 1.35 1.21 1.54 4.19 3.26 2.15 1.90 0.12 0.15 0.85 1.05 2.50 2.03 1.48 0.18 0.23 0.03 0.04 0.08 0.12 49.42 24.75 2.90 25.10 26.77 0.53 0.34 1.25 1.28 0.05 0.06 0.30 0.18 27.80 0.13 0.09 0.14 1.15 1.00 1.00 1.22 0.14 0.11 0.14 2.78 105.58 1.25 0.40 0.38 0.52

0.06 0.05 0.21 0.26 0.04 0.09 0.08 0.03 0.04 0.04 0.06 0.08 0.05 0.03 0.04 0.32 0.25 0.40 0.31 0.05 0.04 0.01 0.05 0.15 0.81 0.65 0.04 0.03 0.44 0.07 0.01 0.11 0.06 12.98 0.26 47.07 60.27 0.12 0.15 0.12 0.15 8.60 6.64 17.30 0.29 0.42 0.18 0.16 1.41 1.81 0.07 0.05 0.01 0.00 0.23 0.18 0.20 4.41 0.19 0.15 0.04 0.27 0.36 0.14 0.20 0.64 0.49 0.01 0.04 0.25 0.45 0.29 0.37 0.06 0.05 0.02 0.03 0.18 0.15 0.14 0.17 0.01 0.09 0.23 0.18 13.36 10.38 0.11 0.10 0.00 0.02 0.50 0.93 4.44 0.05 0.04 0.03 0.00 0.05 0.04 0.20 0.16 0.00 0.13 0.16 0.04 0.03 0.10 0.95 1.20 0.30 0.40 0.13 0.02 0.01 0.68 0.85 0.68 0.53 0.53 0.15 2.07 1.65 0.41 0.30 0.04 0.11 0.39 0.50 1.30 0.92 0.77 0.06 0.08 0.01 0.02 0.04 0.05 31.00 15.95 2.02 15.39 14.57 0.13 0.10 0.44 0.54 0.02 0.03 0.09 0.18 17.00 0.01 0.04 0.09 0.38 0.33 0.27 0.33 0.01 0.04 0.06 1.70 39.02 0.08 0.19 0.06 0.04

(100s) Stock

Exc Volume

Week High

ArcPacific Res Arctic Star* Arctic Star Arcus Dev Grp* 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 Gold Atico Mining* Atico Mining Atlas Salt* Atlas Salt Aton Resources* Aton Resources Augusta Gold* Augusta Gold AUQ Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res* Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc* Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azucar Min Azucar Min*

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

269 25 1587 45 38 66 21 619 1754 434 442 7 40 117 166 546 2847 460 261 216 967 1276 627 253 181 74 0 29 330 71 497 0 4 70 541 820 0 0 238 234 540 613 4 3774 9 40 323 64 1 503 506 113 1644 1 40 93 108 3 103 12 156 177 987 1377 737 50 204 71 116 155 44 31 1525 19 30 166 0 109 28 84 244 989 937 17 14 492 2400 154 32 50 45 1 11 21 2 164 1481 888 70 25 3778 3971 65 146 162 387

0.05 0.07 0.10 0.02 0.04 0.09 0.06 0.41 0.52 0.42 0.47 0.13 0.18 0.11 0.08 1.95 2.41 0.49 0.38 1.59 0.06 0.07 6.21 4.89 0.17 0.21 0.00 5.82 7.63 0.90 1.23 0.00 0.18 0.23 1.21 0.97 0.00 0.01 0.06 0.06 0.08 0.11 0.40 0.01 7.01 0.32 0.40 0.16 0.16 0.33 0.42 1.44 1.80 0.12 0.19 0.95 1.25 0.14 10.53 8.21 0.95 1.22 0.44 0.37 0.34 0.25 0.25 0.22 1.05 1.34 0.03 0.09 0.11 0.90 0.10 0.50 0.00 0.07 0.09 1.68 1.43 0.09 0.12 0.03 0.06 0.09 0.86 1.15 0.07 0.06 0.19 0.03 0.06 8.28 0.04 0.05 0.67 0.53 1.75 1.36 0.06 0.08 0.27 0.21 0.08 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 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

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

28043 7093 5 2274 83 1386 2458 1276 448 123 3 95 313 97 65373 9768 28 115 695 568 600 1396 9 170 102 0 73 297 388 6 48 307 0 410 594 0 143 87 107 808 109 380 336 2188 9 277 23 157 226 2 257 306 10 116 7 7 266 73 254 679 48 802

3.97 5.03 0.15 0.09 0.14 0.11 0.08 0.23 0.35 0.28 0.25 0.34 0.45 0.49 19.08 24.17 0.41 0.53 0.11 0.10 0.74 0.85 0.79 0.08 0.05 0.00 0.46 0.10 0.11 0.10 0.25 0.24 0.00 1.33 1.09 0.00 0.32 0.26 0.12 0.17 0.14 0.05 0.65 0.51 0.17 0.24 0.85 1.10 0.44 0.30 0.13 0.17 0.52 0.68 0.05 0.06 0.15 0.09 0.11 70.93 0.20 0.26

Low

Last

12-month Change

(100s)

High Low

Stock

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

C2C Gold* C3 Metals Cabral Gold* Cabral Gold 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* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng* CaNickel Mng Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev* Cantex Mn Dev Canuc Res* Canuc Res Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps CDN Maverick* Cdn Palladium Cdn Palladium* Centamin Centerra Gold Central Afric Central Afric* Central Iron Centurion Mnls Century Cobalt* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear*

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

0.00 0.05 0.06 0.07 + 0.09 0.09 unch 0.02 0.02 unch 0.00 0.03 0.08 0.09 unch 0.06 0.06 + 0.35 0.38 + 0.46 0.49 + 0.30 0.34 0.40 0.45 0.13 0.13 unch 0.00 0.18 + 0.11 0.11 unch 0.07 0.08 unch 1.77 1.90 + 2.25 2.40 + 0.44 0.46 0.34 0.36 + 1.46 1.51 0.05 0.05 0.07 0.07 + 5.50 6.15 + 4.35 4.83 + 0.15 0.16 0.00 0.21 + 0.00 0.63 unch 5.18 5.48 6.56 6.90 0.86 0.86 0.00 1.22 + 0.00 0.55 unch 0.16 0.16 + 0.00 0.21 1.14 1.21 + 0.85 0.96 + 0.00 0.16 unch 0.01 0.01 unch 0.04 0.05 + 0.06 0.06 unch 0.07 0.08 + 0.09 0.10 unch 0.00 0.40 + 0.01 0.01 0.00 6.70 + 0.28 0.29 + 0.35 0.36 + 0.00 0.13 0.00 0.16 + 0.27 0.33 + 0.37 0.41 + 1.15 1.36 + 1.44 1.71 + 0.12 0.12 unch 0.00 0.17 unch 0.81 0.94 1.16 1.20 0.14 0.14 unch 9.87 10.50 + 0.00 8.21 + 0.86 0.93 + 1.09 1.17 0.38 0.38 0.28 0.30 0.30 0.31 0.23 0.23 + 0.24 0.24 0.19 0.20 + 1.00 1.04 + 1.29 1.30 + 0.00 0.03 unch 0.08 0.08 0.10 0.10 unch 0.65 0.70 0.02 0.07 0.02 0.22 + 0.00 0.06 unch 0.06 0.06 0.00 0.09 + 0.97 0.99 1.25 1.43 + 0.07 0.09 + 0.11 0.11 0.02 0.02 0.06 0.06 unch 0.09 0.09 unch 0.80 0.86 + 1.03 1.11 0.00 0.07 0.05 0.05 0.00 0.19 + 0.03 0.03 unch 0.00 0.06 6.97 7.45 + 0.04 0.04 + 0.00 0.05 unch 0.57 0.58 0.45 0.47 1.60 1.65 1.18 1.36 + 0.05 0.06 + 0.07 0.07 unch 0.24 0.25 0.18 0.20 + 0.08 0.08 unch 0.06 0.06 -

0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.02 0.02 0.02 0.00 0.02 0.00 0.00 0.06 0.02 0.02 0.01 0.04 0.00 0.01 0.63 0.47 0.00 0.01 0.00 0.26 0.49 0.04 0.07 0.00 0.01 0.02 0.02 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.11 0.02 0.01 0.03 0.06 0.01 0.04 0.21 0.21 0.00 0.00 0.01 0.02 0.00 0.30 0.21 0.00 0.02 0.05 0.02 0.02 0.03 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.11 0.00 0.10 0.00 0.01 0.01 0.04 0.07 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.23 0.00 0.00 0.09 0.04 0.09 0.07 0.00 0.00 0.03 0.00 0.00 0.01

0.25 0.24 0.29 0.03 0.04 0.13 0.11 0.52 0.66 0.77 0.96 0.27 0.35 0.26 0.19 3.23 4.09 0.66 0.53 3.29 0.12 0.15 5.90 4.89 0.32 0.38 0.80 6.21 7.88 1.20 1.50 0.80 0.55 0.34 1.63 1.33 0.25 0.09 0.06 0.09 0.16 0.21 0.65 0.05 7.20 0.32 0.40 0.23 0.30 0.65 0.78 1.87 1.79 0.24 0.30 2.79 3.60 0.44 17.50 14.31 3.12 3.99 1.25 0.99 0.39 0.28 0.80 0.51 1.05 1.34 0.10 0.14 0.22 1.05 0.48 0.50 0.12 0.30 0.23 1.68 1.85 0.25 0.36 0.05 0.40 0.25 2.82 3.60 0.15 0.16 0.88 0.06 0.08 9.44 0.12 0.17 0.80 0.63 2.49 1.98 0.14 0.18 0.52 0.41 0.18 0.14

0.04 0.03 0.03 0.02 0.03 0.06 0.05 0.02 0.03 0.06 0.08 0.13 0.16 0.08 0.07 1.50 1.90 0.17 0.14 1.25 0.05 0.06 0.85 0.68 0.13 0.17 0.55 3.40 4.86 0.06 0.09 0.55 0.12 0.14 0.84 0.67 0.13 0.00 0.03 0.04 0.07 0.09 0.37 0.01 3.94 0.10 0.13 0.04 0.10 0.27 0.37 0.48 0.10 0.01 0.16 0.81 1.11 0.13 9.87 7.73 0.76 0.99 0.32 0.24 0.07 0.05 0.21 0.17 0.43 0.65 0.03 0.08 0.07 0.20 0.01 0.01 0.06 0.05 0.07 0.00 0.35 0.07 0.09 0.02 0.06 0.08 0.76 0.97 0.06 0.05 0.18 0.03 0.05 2.82 0.04 0.04 0.19 0.14 0.83 0.65 0.03 0.04 0.24 0.17 0.07 0.06

3.72 3.93 + 4.80 4.98 + 0.15 0.15 unch 0.06 0.08 + 0.00 0.14 + 0.09 0.11 + 0.06 0.08 + 0.19 0.19 0.31 0.35 + 0.22 0.28 + 0.24 0.25 + 0.00 0.32 0.00 0.44 + 0.27 0.49 + 18.22 19.00 + 23.35 24.05 + 0.33 0.41 + 0.00 0.53 + 0.09 0.10 0.08 0.08 + 0.61 0.63 0.77 0.81 0.00 0.79 0.00 0.07 0.04 0.05 + 0.00 0.11 unch 0.00 0.42 0.07 0.08 0.10 0.10 0.00 0.10 0.18 0.19 + 0.20 0.23 + 0.00 0.20 unch 1.19 1.22 0.93 0.97 0.00 0.22 unch 0.00 0.32 + 0.21 0.25 + 0.11 0.12 + 0.14 0.17 + 0.13 0.13 0.00 0.05 0.56 0.59 0.44 0.46 0.16 0.17 0.20 0.24 + 0.80 0.83 + 1.02 1.08 unch 0.40 0.44 + 0.27 0.30 + 0.07 0.13 + 0.16 0.17 0.00 0.52 + 0.62 0.68 + 0.01 0.04 0.00 0.05 0.00 0.12 0.07 0.08 + 0.10 0.11 + 68.16 70.57 + 0.17 0.19 + 0.21 0.24 -

0.08 0.05 0.00 0.02 0.05 0.01 0.01 0.02 0.04 0.05 0.00 0.02 0.14 0.26 0.43 0.24 0.08 0.10 0.01 0.01 0.03 0.03 0.06 0.01 0.00 0.00 0.03 0.00 0.01 0.01 0.01 0.03 0.00 0.07 0.03 0.00 0.03 0.04 0.01 0.01 0.01 0.01 0.06 0.04 0.00 0.03 0.02 0.00 0.02 0.00 0.00 0.01 0.04 0.06 0.02 0.01 0.02 0.00 0.01 1.88 0.02 0.02

6.04 7.67 0.20 0.16 0.44 0.71 1.12 0.33 0.38 0.35 0.57 0.70 0.45 0.49 25.37 31.85 0.66 0.82 0.22 0.17 1.23 1.54 1.08 0.16 0.13 0.26 0.90 0.25 0.26 0.15 0.25 0.30 0.20 3.37 2.65 0.37 0.44 0.35 0.44 0.36 0.27 0.11 1.20 0.94 0.39 0.50 1.36 1.64 0.50 0.50 0.37 0.25 1.10 1.40 0.07 0.09 0.26 0.19 0.25 72.78 0.62 0.76

3.30 4.21 0.13 0.04 0.08 0.09 0.06 0.07 0.17 0.10 0.22 0.29 0.16 0.12 17.27 22.30 0.28 0.35 0.06 0.05 0.32 0.40 0.56 0.06 0.04 0.09 0.33 0.06 0.08 0.06 0.04 0.07 0.20 0.92 0.74 0.22 0.14 0.11 0.10 0.11 0.09 0.05 0.39 0.32 0.16 0.20 0.74 0.93 0.31 0.24 0.07 0.14 0.45 0.57 0.01 0.05 0.09 0.04 0.06 58.22 0.15 0.19

Exc Volume

Week High

Low

Last

5 10 134 37 896 164 589 1276 146 35 31 295 253 4 5 33 123 463 368 75 621 362 32 733 484 129 231 88 125 17 27 263 67422 356 182 380 24 36348 3 291 49 361 34 595 351 297 62852 246 673 487 658 479 59 219 96 109 83 2477 241 21 6 29 366 0 104 443

0.09 0.11 0.35 0.51 0.03 0.02 1.00 0.84 0.65 0.50 0.07 0.32 0.41 0.04 0.04 0.02 0.01 0.20 0.24 0.44 0.04 0.06 0.05 0.13 2.26 1.79 0.13 0.11 0.09 0.11 0.25 0.29 0.01 0.05 1.29 0.13 0.10 0.00 0.03 0.03 0.55 0.05 0.04 0.07 0.06 0.05 0.01 0.03 0.05 0.03 0.18 0.22 0.28 0.17 0.02 0.08 0.11 7.58 0.02 0.02 0.07 0.10 0.37 0.00 0.16 0.03

0.09 0.00 0.29 0.25 0.03 0.02 0.91 0.71 0.56 0.37 0.00 0.28 0.37 0.00 0.00 0.00 0.01 0.14 0.20 0.41 0.03 0.05 0.04 0.11 2.08 1.55 0.12 0.11 0.07 0.00 0.00 0.20 0.01 0.04 0.00 0.12 0.09 0.00 0.00 0.00 0.40 0.04 0.00 0.00 0.05 0.02 0.01 0.03 0.04 0.02 0.14 0.19 0.17 0.12 0.00 0.06 0.00 7.08 0.00 0.01 0.00 0.00 0.30 0.00 0.02 0.00

0.09 0.11 0.35 0.27 0.03 0.02 0.99 0.77 0.65 0.47 0.07 0.30 0.39 0.03 0.04 0.02 0.01 0.16 0.20 0.43 0.04 0.06 0.05 0.12 2.16 1.71 0.13 0.11 0.07 0.11 0.15 0.20 0.01 0.04 1.28 0.13 0.10 0.00 0.03 0.03 0.55 0.05 0.04 0.07 0.05 0.04 0.01 0.03 0.05 0.02 0.16 0.20 0.20 0.17 0.02 0.08 0.09 7.32 0.02 0.01 0.07 0.00 0.37 0.21 0.14 0.03

127 353 171 544 155 405 1941 4 68 45 15480 3324 276 24 12 0 35 223 357 129 0 430 496 627 1037 0 293 3 32 109 233 194 687 460 393 52 129 845 158 784 126 314 2 55 29 5 315 393 30 49 111 159 4 260 146 897 215 313 5481 6 128 94 69 218 1975 1148 453 853 169 648 52 1395 0 100 1399 373 24 82 31 3 946 628 104 1406 662 7 0 0 109 18 103 232 409 3 304 0 561 728 458 641 53 80

0.21 0.16 0.43 0.43 11.78 1.07 1.34 0.12 2.24 2.88 23.21 29.10 0.10 0.07 0.02 0.00 0.07 0.09 3.71 2.92 0.00 0.05 0.06 0.17 0.15 0.00 0.18 0.30 0.39 0.06 0.34 0.41 0.48 0.42 0.11 0.28 0.37 0.21 0.10 0.14 0.10 0.12 0.09 0.19 0.13 0.11 0.23 0.30 0.21 0.27 0.28 0.35 0.11 0.16 0.08 0.10 0.24 0.20 5.65 0.11 0.14 0.05 0.04 0.02 0.03 0.11 0.16 0.21 0.14 0.04 0.02 1.38 0.00 0.02 0.05 0.04 0.32 0.41 0.80 0.15 0.06 0.06 1.52 10.01 0.13 0.09 0.00 0.00 0.03 0.15 1.50 0.21 0.26 0.02 0.01 0.00 0.19 0.22 0.30 0.24 6.90 0.09

12-month Change

High Low

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

0.00 0.02 0.03 0.02 0.00 0.00 0.04 0.04 0.05 0.04 0.01 0.00 0.03 0.00 0.01 0.00 0.00 0.00 0.03 0.01 0.01 0.01 0.00 0.00 0.07 0.05 0.00 0.00 0.00 0.02 0.05 0.10 0.00 0.01 0.04 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.07 0.05 0.00 0.01 0.02 0.08 0.00 0.00 0.00 0.07 0.06 0.00 0.02 0.01

0.19 0.26 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 1.05 0.14 0.33 0.26 0.24 2.26 1.79 0.81 0.65 0.11 0.16 0.47 0.70 0.04 0.21 1.54 0.33 0.23 0.02 0.07 0.09 0.65 0.19 0.15 0.16 0.12 0.55 0.10 0.23 0.30 0.13 0.25 0.31 1.05 0.29 0.06 0.19 0.18 12.83 0.06 0.04 0.45 0.20 0.61 0.53 0.45 0.08

0.06 0.09 0.28 0.20 0.02 0.01 0.63 0.50 0.56 0.00 0.06 0.27 0.34 0.02 0.03 0.01 0.00 0.12 0.16 0.40 0.03 0.05 0.04 0.11 1.28 1.01 0.11 0.10 0.05 0.06 0.12 0.16 0.00 0.05 0.94 0.12 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 0.17 0.11 0.01 0.05 0.07 6.11 0.01 0.01 0.07 0.00 0.17 0.20 0.02 0.03

0.17 0.20 + 0.00 0.16 + 0.29 0.29 0.40 0.41 11.25 11.66 + 0.80 1.06 + 1.26 1.34 + 0.00 0.12 + 1.84 2.19 + 2.60 2.79 21.58 21.81 27.36 27.58 0.00 0.10 0.00 0.07 unch 0.00 0.01 + 0.00 0.07 unch 0.05 0.07 + 0.00 0.08 unch 3.42 3.71 + 2.56 2.92 + 0.00 0.12 unch 0.04 0.05 + 0.05 0.06 unch 0.16 0.17 unch 0.11 0.13 0.00 0.08 unch 0.14 0.14 0.30 0.30 unch 0.00 0.38 + 0.00 0.05 0.28 0.31 0.00 0.40 0.44 0.44 0.34 0.35 0.10 0.11 unch 0.00 0.21 0.00 0.37 unch 0.18 0.21 + 0.08 0.10 + 0.09 0.12 + 0.09 0.09 0.00 0.12 unch 0.09 0.09 0.00 0.14 + 0.00 0.12 unch 0.08 0.08 0.20 0.23 + 0.25 0.28 + 0.00 0.21 unch 0.00 0.27 + 0.25 0.28 + 0.32 0.35 + 0.00 0.10 + 0.12 0.13 unch 0.00 0.07 0.00 0.10 unch 0.00 0.24 + 0.13 0.20 + 5.40 5.58 0.10 0.10 0.00 0.14 + 0.00 0.04 0.00 0.04 + 0.02 0.02 0.03 0.03 unch 0.09 0.11 + 0.13 0.16 + 0.00 0.20 + 0.00 0.14 unch 0.03 0.04 + 0.00 0.02 unch 1.05 1.33 + 0.00 0.08 unch 0.00 0.01 0.04 0.04 unch 0.03 0.04 + 0.21 0.32 + 0.00 0.40 0.00 0.80 + 0.15 0.15 unch 0.05 0.06 unch 0.04 0.04 0.00 1.51 + 9.05 9.75 + 0.00 0.13 + 0.01 0.09 + 0.00 0.08 unch 0.00 0.07 unch 0.01 0.03 0.00 0.15 unch 1.39 1.41 0.19 0.20 + 0.23 0.26 + 0.01 0.02 + 0.01 0.01 unch 0.00 0.60 unch 0.14 0.15 0.19 0.20 0.24 0.30 + 0.18 0.24 + 6.15 6.90 + 0.09 0.09 unch

0.01 0.01 0.05 0.02 0.54 0.04 0.04 0.01 0.08 0.05 0.41 1.03 0.01 0.00 0.00 0.00 0.00 0.00 0.21 0.22 0.00 0.01 0.00 0.00 0.00 0.00 0.05 0.00 0.02 0.01 0.01 0.01 0.03 0.03 0.00 0.08 0.00 0.02 0.02 0.02 0.00 0.00 0.00 0.01 0.00 0.03 0.04 0.03 0.00 0.01 0.02 0.02 0.00 0.00 0.01 0.00 0.05 0.05 0.02 0.00 0.01 0.01 0.01 0.01 0.00 0.02 0.02 0.03 0.00 0.01 0.00 0.28 0.00 0.01 0.00 0.00 0.01 0.01 0.05 0.00 0.00 0.00 0.01 0.02 0.03 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.06 0.04 0.64 0.00

0.48 0.25 0.69 0.88 18.58 2.14 2.61 0.21 5.26 6.50 28.49 35.47 0.30 0.22 0.12 0.07 0.22 0.28 4.54 3.68 0.12 0.18 0.22 0.77 0.60 0.30 0.45 0.53 0.60 0.13 0.68 0.86 0.84 0.68 0.18 0.52 0.68 0.27 0.10 0.13 0.16 0.22 0.22 0.31 0.24 0.17 0.51 0.61 0.37 0.50 0.81 1.04 0.32 0.40 0.10 0.12 0.42 0.35 6.64 0.11 0.15 0.09 0.07 0.18 0.04 0.19 0.31 0.37 0.35 0.20 0.05 1.32 0.17 0.04 0.10 0.15 1.18 0.63 2.80 0.29 0.19 0.15 2.37 16.00 0.28 0.21 0.10 0.07 0.15 0.40 1.89 0.34 0.43 0.04 0.04 0.60 0.49 0.62 0.64 0.52 7.69 0.10

0.10 0.10 0.27 0.34 10.65 0.79 1.15 0.11 1.65 2.09 12.16 15.45 0.08 0.06 0.01 0.07 0.00 0.07 1.90 1.48 0.04 0.04 0.05 0.16 0.11 0.00 0.09 0.15 0.19 0.04 0.28 0.35 0.37 0.29 0.09 0.21 0.29 0.11 0.03 0.05 0.07 0.09 0.09 0.11 0.10 0.00 0.15 0.19 0.17 0.21 0.25 0.32 0.09 0.12 0.04 0.07 0.18 0.11 2.37 0.03 0.04 0.04 0.03 0.02 0.02 0.07 0.10 0.13 0.11 0.03 0.02 0.35 0.07 0.01 0.03 0.00 0.18 0.10 0.38 0.15 0.05 0.04 1.38 8.21 0.10 0.01 0.04 0.07 0.01 0.14 0.93 0.19 0.23 0.01 0.01 0.60 0.09 0.12 0.24 0.18 2.84 0.05

(100s) Stock

Exc Volume

Champion Bear Champion Iron* Champion Iron Chatham Rock Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chilean Metals* Chilean Metals China Gold Int Churchill Res Cipher Mining* Cirrus Gold Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleveland-Clif* Cliffmont Res 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 Corvus Gold* Corvus Gold CoTec Holdings Crest Resource Crest Resource* Crestview Expl Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery Currie Rose Rs CWN M’g Acq Cyntar Venture Cypress Dev* Cypress Dev

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

8 86 1030 60 136 58 32557 69 52 541 94 54 2743 0 142 485 122 516 49 3 55213 1 70 0 193 1155 0 858 81 106 328 17066 70 994 2 5 338 345 2 15 18 258 98 2 2950 3 54 20 43 154 352 450 112 339 588 279 1324 6785 1486 1096 233 1274 52 43 125 54 170 5112 372 2201 767 439 217 78 43 435 15 5 137 495 53 101 727 0 673 40 88 82 568 24 158 2091 520 635 619 241 0 38 720 1157

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

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

89 30 224 289 156 220 100 441 1339 915 1149 834 2112 1543 92 165 8379 29134 642 23 287 28 161 380 0 144 141 625 692 358 5 3 62 170 209 0 197 102 20 250 466 131 467 650 611 872 140 161 0 104 8 34 27 6 1124 471 294 395 75 234 136 81 355 0 1670 2 6 14

Week High

Low

Last

12-month Change

+ 0.00 0.12 0.12 3.80 3.98 4.07 5.00 5.01 5.21 + 0.15 0.00 0.16 + 2.05 2.40 2.40 + 0.00 3.06 3.08 + 119.34 115.41 117.35 + 0.00 0.27 0.30 0.10 0.10 0.11 0.13 0.13 0.14 + 0.00 3.39 3.40 0.00 0.19 0.23 4.45 4.63 5.39 0.00 0.18 unch 0.00 + 0.16 0.19 0.21 0.22 0.24 0.25 + 0.00 0.38 0.38 + 0.19 0.22 0.23 + 0.02 0.19 0.22 0.00 0.16 0.16 + 21.89 20.14 21.77 0.00 0.12 unch 0.00 + 0.14 0.18 0.20 0.00 0.05 unch 0.00 + 0.09 0.12 0.12 + 0.12 0.14 0.15 0.00 0.05 unch 0.00 0.18 0.21 0.25 0.00 0.13 0.14 0.03 0.03 0.04 + 0.00 0.05 0.05 4.81 5.04 5.22 + 0.07 0.08 0.08 + 0.10 0.11 0.11 2.20 2.20 unch 2.20 + 0.00 0.29 0.29 0.36 0.36 0.38 2.58 2.62 2.83 + 0.00 3.50 3.50 + 0.08 0.12 0.12 + 0.00 0.16 0.16 0.22 0.23 0.24 0.17 0.17 0.18 0.00 0.18 unch 0.18 1.24 1.29 1.45 + 0.00 0.09 0.09 0.06 0.06 0.07 + 0.45 0.45 0.47 + 0.00 0.58 0.58 + 0.01 0.11 0.13 + 0.14 0.15 0.17 0.07 0.07 0.09 0.05 0.05 0.06 + 2.06 2.27 2.37 + 2.64 2.87 2.92 0.00 0.09 unch 0.09 24.79 22.28 22.71 14.69 13.74 13.75 + 0.39 0.55 0.59 + 0.00 0.69 0.73 0.03 0.03 unch 0.04 0.04 0.05 unch 0.05 0.02 0.03 0.05 1.05 1.17 1.20 0.82 0.92 0.94 + 0.16 0.19 0.21 0.23 0.24 unch 0.24 + 0.09 0.13 0.14 + 2.27 2.72 2.74 + 3.42 3.32 3.48 0.05 0.06 0.10 + 0.62 0.76 0.77 + 0.51 0.59 0.61 + 0.24 0.38 0.38 0.00 0.48 0.51 0.25 0.25 0.28 4.05 4.15 4.23 + 2.50 3.30 3.30 0.44 0.50 0.63 0.58 0.65 0.82 + 0.09 0.10 0.10 + 3.15 3.22 3.25 + 4.06 4.08 4.09 0.00 0.64 unch 0.00 0.10 0.11 0.11 + 0.08 0.08 0.08 0.28 0.30 unch 0.30 + 1.06 1.10 1.15 1.35 1.39 unch 1.40 0.10 0.10 unch 0.10 0.12 0.13 0.13 + 0.00 0.08 0.09 + 0.05 0.06 0.07 0.20 0.21 0.25 0.25 0.27 0.29 0.06 0.07 unch 0.08 0.00 0.08 unch 0.00 0.53 0.58 unch 0.58 + 1.46 1.75 1.76 + 1.87 2.22 2.23

High Low

0.15 0.08 0.01 5.82 2.94 0.03 7.24 3.71 0.17 0.20 0.09 0.01 4.44 2.05 0.03 5.69 2.81 0.03 0.94 119.34 83.89 0.46 0.14 0.04 0.40 0.09 0.01 0.55 0.12 0.01 4.47 1.72 0.09 0.44 0.17 0.02 0.58 15.39 4.35 0.25 0.12 0.00 1.48 0.15 0.01 1.82 0.22 0.01 1.11 0.10 0.12 0.49 0.17 0.03 0.39 0.00 0.03 0.17 0.08 0.01 1.48 26.51 12.77 0.23 0.09 0.00 0.35 0.14 0.00 0.08 0.05 0.00 0.21 0.03 0.02 0.27 0.08 0.01 0.10 0.05 0.00 0.82 0.18 0.02 0.20 0.09 0.01 0.14 0.02 0.01 0.17 0.03 0.01 0.13 12.60 4.56 0.16 0.01 0.01 0.17 0.06 0.01 3.50 1.89 0.00 0.42 0.08 0.00 0.53 0.10 0.02 3.73 0.50 0.14 4.00 2.00 0.35 0.21 0.08 0.02 0.32 0.11 0.03 0.50 0.19 0.02 0.39 0.16 0.01 0.30 0.11 0.00 9.85 1.02 0.15 0.14 0.08 0.01 0.12 0.03 0.01 0.79 0.35 0.10 1.20 0.48 0.06 0.26 0.01 0.01 0.33 0.11 0.01 0.21 0.07 0.02 0.17 0.05 0.01 2.67 0.85 0.08 3.29 1.06 0.10 0.28 0.08 0.00 1.62 36.23 6.50 0.27 16.08 10.14 0.59 0.13 0.12 0.70 0.17 0.14 0.12 0.03 0.00 0.16 0.04 0.00 0.25 0.01 0.01 1.57 0.12 0.02 1.24 0.11 0.02 0.53 0.15 0.01 0.66 0.20 0.00 0.13 0.03 0.04 4.20 1.40 0.10 5.07 1.77 0.08 0.60 0.03 0.01 0.84 0.22 0.10 0.70 0.17 0.07 1.24 0.01 0.01 1.54 0.45 0.02 0.39 0.07 0.01 5.48 3.40 0.08 4.35 2.50 0.08 0.87 0.21 0.04 1.10 0.27 0.15 0.20 0.09 0.01 3.30 1.71 0.04 4.15 2.17 0.01 0.68 0.10 0.00 0.29 0.09 0.01 0.25 0.07 0.00 2.53 0.28 0.00 1.65 0.54 0.01 1.98 0.69 0.00 1.22 0.01 0.00 0.34 0.11 0.01 0.36 0.07 0.01 0.29 0.05 0.00 0.27 0.03 0.00 0.34 0.05 0.01 0.15 0.03 0.00 0.09 0.05 0.00 0.99 0.50 0.00 2.13 0.68 0.29 2.61 0.83 0.32

D-F 0.72 0.81 0.06 0.09 0.31 0.04 0.03 0.07 0.06 0.05 0.22 0.28 0.46 0.38 0.03 0.60 1.87 1.55 0.15 0.11 2.23 0.04 0.34 0.27 0.00 0.07 0.02 0.03 2.13 1.67 0.09 0.11 0.16 0.22 0.25 0.00 0.24 0.21 0.16 0.64 0.57 0.81 0.26 0.21 8.54 7.84 0.04 0.05 0.00 3.19 2.50 1.75 0.18 0.14 0.17 0.13 1.90 2.42 0.71 0.87 0.13 0.17 0.18 0.00 0.35 0.16 0.23 0.29

0.52 0.00 0.00 0.07 0.31 0.00 0.03 0.00 0.05 0.05 0.16 0.21 0.41 0.30 0.00 0.00 1.74 1.37 0.00 0.09 1.91 0.04 0.00 0.25 0.00 0.00 0.02 0.00 2.01 1.57 0.00 0.11 0.15 0.15 0.23 0.00 0.21 0.00 0.16 0.62 0.47 0.70 0.24 0.18 8.07 7.60 0.03 0.00 0.00 3.10 2.28 1.26 0.00 0.12 0.14 0.09 1.75 2.22 0.53 0.73 0.10 0.00 0.00 0.00 0.29 0.16 0.19 0.00

0.61 0.76 0.06 unch 0.08 0.31 0.04 unch + 0.03 0.06 unch + 0.05 0.05 unch + 0.21 + 0.27 + 0.44 + 0.35 + 0.03 + 0.58 1.74 1.37 + 0.15 + 0.11 + 2.05 0.04 unch + 0.34 0.25 0.19 unch 0.07 unch 0.02 0.03 unch + 2.08 + 1.65 0.09 unch 0.11 unch 0.15 0.19 0.24 0.14 unch + 0.24 + 0.21 0.16 unch + 0.63 + 0.50 + 0.79 0.24 0.19 + 8.48 + 7.82 + 0.04 0.04 0.09 unch + 3.16 + 2.50 + 1.75 0.17 unch + 0.14 + 0.17 + 0.13 1.83 2.30 + 0.69 + 0.85 0.10 + 0.16 + 0.17 0.45 unch 0.30 0.16 unch + 0.23 0.29

0.08 0.04 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.05 0.05 0.02 0.04 0.01 0.01 0.11 0.07 0.03 0.02 0.11 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.02 0.03 0.00 0.00 0.01 0.01 0.02 0.00 0.02 0.02 0.00 0.01 0.01 0.08 0.01 0.02 0.24 0.15 0.00 0.01 0.00 0.02 0.03 0.25 0.00 0.01 0.03 0.03 0.01 0.03 0.09 0.08 0.01 0.02 0.01 0.00 0.03 0.00 0.01 0.01

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

0.43 0.50 0.00 0.05 0.22 0.04 0.01 0.04 0.03 0.04 0.16 0.21 0.37 0.28 0.03 0.38 0.79 0.62 0.11 0.09 1.31 0.02 0.07 0.06 0.12 0.06 0.02 0.03 1.19 0.90 0.07 0.09 0.10 0.14 0.19 0.11 0.17 0.18 0.14 0.42 0.33 0.61 0.20 0.06 7.88 6.99 0.03 0.04 0.07 1.76 1.35 0.52 0.08 0.09 0.10 0.08 0.66 0.84 0.07 0.24 0.00 0.05 0.14 0.34 0.14 0.16 0.19 0.27

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

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

38 30 263 50 366 66 491 123 216 360 202 172 5161 783 68 217 590 163 138 314 100 7 921 270 828 168 9 14 50 860 60 1377 1296 741 7754 39 267 207 154 1732 9121 111 30 33 21 163 279 5996 1971 996 461 210 102 4 55 386 81 56 169 169 158 222 517 60 1062 572 69 294 89 25 407 245 18 69 20 2 15 332 283 7 687 195 352 352 296 498 90 5 408 1 3 1904 396 24 1456 783 129 984 106 286 6918 712 165 111 338 217 0 449 860 22 374 1442 221 492 842 1037 60 31 211 1586 2482 152 62 1 17911 2150 1936 1895 1424 2669 241 251 441 906 1644 7161 52 400 59 147 44 638 1140 0 158 24 195 988 25 66 4349 16282 56 7 212 846 9 2816 1872 113 15 149 187 964 2518 809 1049 3 1910 1015 231 56159 450 1031 17 601 787 78

THE NORTHERN MINER / JANUARY 10–23, 2022

Week High

Low

0.08 0.06 0.12 0.07 0.23 0.19 0.14 0.15 0.02 0.03 0.10 0.09 9.58 12.17 0.46 1.08 0.91 0.73 3.19 4.07 0.84 0.65 3.10 2.59 0.04 0.03 0.69 0.54 0.12 2.38 3.01 1.78 28.09 5.69 4.49 0.28 0.33 0.24 0.21 10.58 8.55 0.04 0.03 0.24 0.20 0.69 0.84 6.81 8.64 0.10 0.13 0.46 0.38 0.08 0.09 19.45 15.41 0.08 0.10 0.10 2.30 2.80 0.09 0.07 0.30 0.36 0.10 0.13 0.48 0.40 0.26 0.21 0.08 0.06 0.08 0.00 0.07 0.13 0.10 0.04 0.07 0.47 1.15 1.47 0.35 0.44 0.13 0.10 0.45 3.41 4.05 0.10 0.08 0.15 0.15 0.32 0.35 0.07 0.07 0.11 0.29 0.23 0.19 0.28 0.22 0.27 0.00 0.08 13.10 10.33 0.09 0.06 1.20 1.43 0.33 0.26 0.12 0.51 0.67 0.27 0.33 0.29 0.22 0.09 11.70 14.94 0.27 0.32 0.43 30.90 0.28 0.23 0.24 0.20 0.71 0.88 0.04 0.03 0.09 0.12 0.04 0.07 0.08 0.00 0.09 2.23 2.63 0.90 0.18 14.17 5.23 4.08 0.74 0.59 0.12 0.15 0.18 0.15 0.19 0.93 0.28 0.65 0.52 0.52 138.89 175.94 0.02 0.30 0.40 0.56 0.43 42.77 0.12 0.03 12.15 2.05 0.03 0.17

0.00 0.05 0.08 0.07 0.00 0.00 0.13 0.09 0.02 0.00 0.00 0.06 9.16 11.73 0.45 0.99 0.83 0.65 3.00 3.87 0.80 0.62 2.89 2.26 0.04 0.03 0.00 0.45 0.12 2.07 2.65 1.58 27.02 5.28 4.13 0.21 0.00 0.22 0.17 9.56 7.56 0.00 0.03 0.00 0.15 0.61 0.00 6.34 8.13 0.08 0.11 0.42 0.33 0.07 0.00 18.95 14.94 0.07 0.00 0.00 2.04 2.61 0.07 0.05 0.21 0.30 0.08 0.11 0.00 0.00 0.24 0.17 0.00 0.05 0.05 0.00 0.06 0.11 0.09 0.01 0.07 0.44 1.00 1.30 0.31 0.41 0.00 0.09 0.37 3.16 4.05 0.07 0.05 0.00 0.05 0.28 0.16 0.06 0.05 0.10 0.23 0.17 0.18 0.25 0.18 0.24 0.00 0.00 12.00 9.37 0.08 0.04 0.98 1.29 0.00 0.20 0.00 0.48 0.61 0.23 0.30 0.27 0.21 0.00 10.73 13.73 0.23 0.30 0.36 29.96 0.25 0.20 0.22 0.16 0.59 0.74 0.00 0.03 0.08 0.00 0.03 0.05 0.07 0.00 0.09 1.83 2.49 0.80 0.00 13.89 4.88 3.80 0.00 0.00 0.10 0.13 0.00 0.12 0.16 0.86 0.00 0.00 0.50 0.49 133.81 172.40 0.01 0.00 0.34 0.46 0.34 40.63 0.00 0.00 11.51 1.97 0.00 0.00

Last

12-month Change

0.08 + 0.05 0.09 unch 0.07 + 0.22 0.17 0.14 + 0.11 0.02 unch 0.03 unch 0.09 0.07 9.35 11.86 0.45 + 1.04 0.84 0.66 3.14 4.00 0.80 0.63 2.98 2.37 + 0.04 0.03 0.69 + 0.54 + 0.12 unch 2.27 2.80 1.60 27.73 + 5.35 4.22 0.28 + 0.33 + 0.22 0.17 + 9.66 7.63 0.04 0.03 unch 0.22 0.20 + 0.63 0.81 6.76 + 8.56 + 0.10 + 0.13 unch 0.43 0.34 + 0.07 0.09 + 19.30 + 15.29 + 0.07 + 0.10 + 0.10 + 2.19 + 2.77 + 0.09 + 0.07 + 0.28 + 0.36 + 0.10 + 0.12 + 0.47 + 0.36 + 0.26 unch 0.20 0.07 unch 0.05 + 0.06 + 0.08 unch 0.06 unch 0.12 0.09 0.04 0.07 unch 0.47 + 1.11 + 1.46 + 0.32 0.41 0.13 + 0.09 0.44 + 3.16 4.05 unch 0.08 0.06 0.15 unch 0.12 0.29 0.23 0.07 unch 0.06 + 0.10 0.29 + 0.23 + 0.19 + 0.25 unch 0.19 0.25 0.07 unch 0.08 + 12.77 10.09 + 0.09 unch 0.05 1.09 + 1.38 + 0.33 + 0.26 + 0.12 unch 0.51 + 0.62 unch 0.25 0.32 unch 0.27 0.21 + 0.09 11.11 14.07 0.24 + 0.30 0.39 + 30.27 0.27 + 0.20 + 0.22 0.18 0.60 0.78 0.04 unch 0.03 unch 0.08 0.12 + 0.04 unch 0.06 + 0.08 + 0.16 unch 0.09 unch 2.01 + 2.53 0.85 0.14 13.95 4.94 3.90 0.74 + 0.58 + 0.11 + 0.15 + 0.15 0.13 0.17 0.93 + 0.28 unch 0.60 0.52 + 0.50 138.29 + 174.94 + 0.02 0.30 + 0.39 + 0.56 + 0.43 + 41.73 + 0.10 unch 0.03 + 12.00 2.03 + 0.03 + 0.17 +

0.02 0.01 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.08 0.25 0.00 0.04 0.06 0.04 0.04 0.07 0.02 0.00 0.02 0.07 0.01 0.00 0.09 0.09 0.00 0.10 0.21 0.13 0.08 0.33 0.21 0.07 0.05 0.02 0.00 0.77 0.32 0.01 0.00 0.02 0.02 0.03 0.03 0.09 0.02 0.00 0.00 0.01 0.00 0.01 0.01 0.07 0.37 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.06 0.00 0.01 0.05 0.04 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.03 0.01 0.02 0.01 0.03 0.03 0.01 0.08 0.25 0.00 0.02 0.02 0.00 0.03 0.01 0.03 0.00 0.00 0.01 0.03 0.02 0.01 0.00 0.02 0.02 0.00 0.02 0.04 0.41 0.00 0.01 0.01 0.01 0.08 0.05 0.00 0.03 0.00 0.00 0.00 0.02 0.00 0.01 0.43 0.72 0.00 0.01 0.01 0.18 0.02 0.00 0.02 0.00 0.08 0.10 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.05 0.05 0.01 0.02 0.21 0.09 0.02 0.07 0.01 0.01 0.05 0.01 0.01 0.03 0.00 0.05 0.03 0.01 2.80 0.91 0.00 0.02 0.03 0.11 0.08 0.60 0.00 0.01 0.10 0.01 0.01 0.03

(100s)

High Low

Stock

0.10 0.09 0.20 0.16 0.31 0.27 0.25 1.00 0.05 0.06 0.19 0.16 14.48 18.43 0.59 1.65 3.30 2.70 4.65 5.88 0.88 0.74 4.14 3.35 0.09 0.07 1.05 1.00 0.29 3.81 4.83 2.27 35.94 9.32 7.76 0.35 0.44 0.29 0.24 14.33 11.39 0.08 0.06 0.55 0.30 0.90 1.12 11.24 14.33 0.25 0.33 0.50 0.41 0.19 0.25 29.76 22.30 0.10 0.12 0.12 2.93 3.55 0.36 0.14 0.50 0.60 0.30 0.38 0.85 0.68 0.47 0.39 0.24 0.16 0.39 0.40 0.30 0.43 0.44 0.42 0.14 0.58 3.90 4.76 0.90 1.14 0.14 0.11 1.35 8.34 10.50 0.40 0.60 0.20 0.76 0.48 0.40 0.14 0.15 0.17 0.31 0.25 0.44 0.88 0.39 0.49 0.11 0.17 14.01 11.08 0.20 0.26 1.36 1.70 0.40 0.34 0.30 0.89 1.15 0.37 0.46 0.62 0.31 0.10 24.01 30.75 0.42 0.50 0.76 35.07 0.30 1.00 0.30 0.24 1.00 1.25 0.07 0.05 0.21 0.27 0.11 0.22 0.28 0.24 0.38 2.42 3.09 1.30 0.50 20.40 12.61 9.85 1.25 0.98 0.22 0.27 0.38 0.47 0.56 2.63 0.60 0.70 0.73 0.94 163.79 205.25 0.15 0.37 0.89 0.65 0.51 46.10 0.26 0.10 17.32 2.23 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 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 Goldbank Mng* Goldcliff Res* Goldcliff Res Golden Arrow Golden Arrow* Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp* Golden Harp Golden Hope* Golden Hope Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Spike Golden Star Golden Star* Golden Star* Golden Tag Golden Tag* Goldex Res* Goldex Res Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldoz* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls 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*

0.06 0.04 0.05 0.04 0.13 0.15 0.03 0.01 0.02 0.03 0.06 0.04 7.46 9.52 0.28 0.67 0.76 0.59 1.36 1.73 0.45 0.36 0.16 0.12 0.03 0.02 0.42 0.45 0.10 1.87 2.45 0.83 23.12 4.77 3.69 0.10 0.13 0.17 0.12 4.52 3.53 0.03 0.02 0.21 0.15 0.36 0.46 5.90 7.53 0.07 0.09 0.33 0.26 0.06 0.06 17.09 13.33 0.05 0.08 0.08 1.43 1.81 0.07 0.05 0.12 0.16 0.07 0.11 0.39 0.31 0.24 0.17 0.05 0.04 0.05 0.06 0.01 0.11 0.00 0.00 0.05 0.28 1.00 1.30 0.29 0.36 0.08 0.06 0.19 3.12 3.50 0.08 0.05 0.14 0.00 0.22 0.15 0.06 0.04 0.09 0.08 0.07 0.15 0.20 0.15 0.15 0.06 0.05 1.75 1.38 0.07 0.04 0.74 0.95 0.13 0.11 0.11 0.46 0.59 0.19 0.26 0.14 0.12 0.07 9.86 12.74 0.21 0.27 0.05 19.21 0.05 0.03 0.08 0.06 0.26 0.34 0.03 0.02 0.05 0.07 0.03 0.04 0.06 0.16 0.09 0.47 0.55 0.26 0.13 10.25 3.77 2.91 0.57 0.00 0.05 0.07 0.11 0.11 0.15 0.84 0.26 0.33 0.08 0.42 105.62 133.63 0.01 0.13 0.32 0.28 0.23 24.71 0.10 0.02 10.20 0.35 0.02 0.11

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

29 338 1235 462 486

0.24 0.90 0.72 0.06 0.08

0.10 0.81 0.63 0.05 0.07

0.16 0.81 0.64 0.05 0.07

+ + -

0.03 0.09 0.05 0.00 0.01

0.57 2.37 1.85 0.26 0.33

0.00 0.75 0.57 0.03 0.04

O 2 V 268 O 16 V 127 V 487 O 735 V 80 O 70 T 400 X 3693 O 100 V 566 V 0 O 41 V 10 O 313 V 483 O 121 V 421 O 272 V 362 V 143 O 21 T 81 N 2255 O 99 T 412 C 881 T 1855 O 255 C 63 V 205 O 88 V 235 V 0 V 415 O 113 C 202 O 388 V 1 V 17 O 139 V 0 V 36 O 0 O 9 V 305 O 289 V 253 V 100 O 211 O 143 V 193 V 16 V 9 V 1 O 83 V 219 O 89 O 838 O 299 T 1802 O 1247 V 562 O 119 V 67 C 249 O 86 O 1 O 43 T 100 O 102 V 128 O 2175943 O 0 C 89 V 38 T 1716 C 358 O 52 C 50 V 373 O 213 O 0 N 19375 V 2069 O 155 C 22 V 6223 O 84 C 520 O 558 T 1440 C 85 O 16 V 8 X 5961 X 1122 V 451 O 150 T 876 X 4825 C 103 V 272 O 39 V 29 O 0 O 146 V 205 V 211 O 317 O 2 V 68 O 111 V 274 O 0 V 4 O 8 V 90 C 543 O 268 C 672 T 45 X 3302 V 51 V 396 V 249 V 181 C 28 T 141 O 3 X 3221 V 261 O 374 O 44 V 17 V 280 O 1128 T 961 O 426 V 0 T 862 V 117 O 33 O 1 V 2 V 115 C 147 O 28 O 50 C 1022 O 360 O 129 V 218 O 20 V 78 V 105 V 221 O 99 V 101 V 2703 O 1003 V 888 O 13 V 71 O 447 V 594 O 374 V 712 O 219

0.34 0.43 0.15 0.20 0.13 0.10 0.55 0.44 0.91 0.73 0.05 0.06 0.00 0.10 0.13 0.51 0.64 0.06 0.07 0.24 0.26 0.23 0.19 13.79 10.94 4.44 5.38 0.20 1.04 0.82 0.29 0.10 0.08 0.33 0.00 0.31 0.26 0.61 0.55 0.00 0.14 0.11 0.00 0.14 0.00 0.11 0.14 0.34 0.41 0.05 0.03 0.29 0.34 0.17 0.25 0.36 0.06 0.09 5.17 10.25 3.36 4.29 0.17 0.21 0.22 0.27 0.09 0.06 0.14 0.91 1.20 0.19 0.22 0.00 0.14 0.19 0.21 3.23 0.13 0.20 0.27 0.32 0.25 0.00 11.06 0.16 0.12 0.31 0.20 0.10 0.14 1.04 1.36 0.12 1.20 1.50 1.64 5.00 0.06 0.06 0.60 0.46 0.09 0.07 0.05 0.17 0.00 0.08 0.09 0.20 0.15 0.09 0.13 0.05 0.06 0.00 0.18 0.19 0.25 0.13 0.10 0.15 0.48 0.37 0.13 0.23 4.55 0.16 0.30 4.91 1.75 3.85 0.27 0.23 0.05 0.07 0.07 0.03 0.04 0.34 0.00 1.57 0.19 0.17 0.01 0.14 0.15 0.04 0.04 0.09 0.12 0.08 0.59 0.65 0.68 0.86 0.08 1.00 0.78 0.23 0.40 0.35 0.14 0.09 0.12 0.24 0.28 0.07 0.09 0.52

0.34 unch 0.42 + 0.14 0.20 + 0.12 0.09 0.50 + 0.40 + 0.91 unch 0.70 0.05 0.06 unch 0.02 unch 0.10 0.13 unch 0.48 0.61 0.06 + 0.07 unch 0.21 + 0.25 + 0.23 + 0.17 + 13.13 10.38 4.24 + 5.33 0.20 + 1.03 + 0.82 + 0.29 + 0.10 + 0.08 + 0.32 0.09 unch 0.29 + 0.23 + 0.58 + 0.47 + 0.06 unch 0.14 0.11 0.15 unch 0.14 + 0.10 unch 0.10 0.14 + 0.31 0.39 0.05 unch 0.03 0.27 + 0.34 + 0.17 0.25 0.36 0.06 unch 0.08 + 5.09 + 10.08 + 3.29 + 4.19 0.16 + 0.20 0.21 + 0.26 + 0.08 0.06 0.14 + 0.90 + 1.10 + 0.16 0.20 + 0.00 unch 0.14 unch 0.14 0.20 unch 3.03 0.11 0.20 + 0.27 unch 0.28 + 0.22 10.56 unch 10.99 + 0.14 + 0.11 + 0.31 + 0.15 0.07 0.08 0.95 1.21 0.12 unch 1.19 + 1.47 1.56 4.92 0.06 + 0.05 unch 0.56 0.44 + 0.09 + 0.06 0.05 + 0.13 + 0.09 unch 0.08 0.09 + 0.19 + 0.15 + 0.09 unch 0.13 + 0.04 0.06 + 0.40 unch 0.14 0.19 0.25 + 0.11 0.08 0.14 unch 0.44 0.35 0.13 unch 0.23 + 4.38 0.15 + 0.30 unch 4.84 + 1.75 unch 3.83 + 0.24 0.19 0.05 unch 0.07 unch 0.07 + 0.03 0.04 unch 0.30 + 0.25 unch 1.53 0.18 0.15 0.01 unch 0.14 + 0.13 0.04 unch 0.03 0.08 + 0.11 unch 0.08 unch 0.51 + 0.65 + 0.68 + 0.86 unch 0.07 0.98 + 0.78 + 0.20 + 0.36 0.29 0.11 0.09 0.11 unch 0.21 + 0.28 + 0.06 0.08 0.46 +

0.00 0.02 0.00 0.02 0.01 0.00 0.06 0.01 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.03 0.00 0.00 0.03 0.01 0.02 0.00 0.55 0.42 0.05 0.02 0.02 0.11 0.10 0.02 0.01 0.01 0.01 0.00 0.01 0.01 0.02 0.02 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.00 0.00 0.04 0.06 0.03 0.01 0.08 0.00 0.01 0.07 0.04 0.06 0.04 0.00 0.02 0.02 0.02 0.01 0.01 0.00 0.07 0.03 0.01 0.02 0.00 0.00 0.06 0.00 0.16 0.02 0.00 0.00 0.01 0.00 0.00 0.41 0.03 0.01 0.01 0.01 0.01 0.03 0.09 0.12 0.00 0.01 0.03 0.05 0.05 0.01 0.00 0.03 0.01 0.01 0.01 0.00 0.02 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.03 0.02 0.00 0.02 0.01 0.00 0.04 0.17 0.02 0.00 0.12 0.00 0.11 0.03 0.02 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.04 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.04 0.00 0.01 0.04 0.03 0.01 0.05 0.02 0.02 0.04 0.00 0.00 0.01 0.01 0.01 0.01

0.50 0.63 0.29 0.34 0.35 0.28 0.94 0.78 1.84 1.44 0.12 0.14 0.03 0.23 0.29 1.00 1.27 0.29 0.36 0.49 0.60 0.52 0.42 31.08 24.00 6.61 8.40 0.63 1.23 1.02 0.80 0.28 0.22 0.48 0.11 0.60 0.47 0.81 0.63 0.11 0.20 0.15 0.15 0.45 0.29 0.17 0.21 0.70 0.86 0.14 0.10 0.70 0.87 0.30 0.40 0.44 0.13 0.18 5.43 10.79 3.99 4.84 1.52 1.93 0.28 0.35 0.27 0.21 0.70 1.24 1.49 0.36 0.45 0.00 1.33 1.20 0.37 3.79 0.60 0.39 0.46 0.61 0.53 12.05 12.53 0.23 0.23 0.95 0.76 0.32 0.42 2.65 3.12 0.26 1.79 2.22 3.38 7.08 0.33 0.17 1.23 0.97 0.21 0.12 0.10 0.19 0.10 0.11 0.14 0.21 0.20 0.24 0.31 0.30 0.16 0.40 0.23 0.35 0.44 0.60 0.52 0.70 1.65 1.30 0.25 0.41 5.44 0.17 0.49 5.12 3.49 4.04 0.65 0.52 1.10 0.09 0.10 0.06 0.08 0.87 0.33 3.00 1.03 0.82 0.02 0.20 0.40 0.06 0.05 0.10 0.31 0.18 1.75 0.98 1.12 1.41 0.21 1.62 1.31 0.35 0.59 0.47 0.44 0.30 0.15 0.74 0.92 0.19 0.25 0.65

0.26 0.35 0.12 0.17 0.10 0.08 0.22 0.18 0.83 0.61 0.03 0.05 0.02 0.08 0.12 0.39 0.52 0.01 0.06 0.05 0.21 0.21 0.15 11.61 9.26 3.37 4.50 0.16 0.57 0.45 0.21 0.08 0.06 0.19 0.06 0.23 0.18 0.31 0.24 0.04 0.12 0.10 0.07 0.10 0.08 0.08 0.10 0.27 0.33 0.04 0.02 0.18 0.28 0.10 0.23 0.28 0.04 0.05 3.15 6.24 1.09 1.39 0.08 0.11 0.12 0.16 0.07 0.01 0.01 0.53 0.67 0.10 0.13 0.00 0.09 0.14 0.19 2.02 0.08 0.02 0.24 0.18 0.14 7.88 7.75 0.06 0.04 0.28 0.11 0.06 0.08 0.92 0.76 0.10 0.91 1.30 1.50 3.39 0.05 0.05 0.49 0.38 0.05 0.05 0.04 0.10 0.09 0.05 0.07 0.15 0.12 0.08 0.11 0.00 0.04 0.17 0.14 0.19 0.23 0.09 0.07 0.12 0.41 0.31 0.10 0.12 2.75 0.08 0.25 2.58 0.38 2.04 0.20 0.16 0.00 0.06 0.04 0.02 0.04 0.24 0.10 1.27 0.15 0.00 0.00 0.13 0.11 0.03 0.02 0.02 0.10 0.08 0.26 0.53 0.55 0.74 0.07 0.35 0.28 0.08 0.19 0.15 0.12 0.01 0.06 0.19 0.24 0.05 0.08 0.18

G-H 0.00 0.39 0.13 0.18 0.12 0.09 0.44 0.36 0.86 0.66 0.04 0.06 0.00 0.08 0.00 0.40 0.00 0.05 0.00 0.05 0.23 0.00 0.15 12.65 9.88 3.90 5.18 0.18 0.88 0.72 0.27 0.09 0.06 0.31 0.00 0.28 0.21 0.52 0.42 0.00 0.00 0.10 0.00 0.00 0.00 0.10 0.00 0.30 0.39 0.00 0.02 0.18 0.28 0.00 0.00 0.00 0.06 0.07 4.95 9.86 3.03 3.85 0.14 0.19 0.17 0.25 0.07 0.05 0.00 0.00 1.06 0.13 0.00 0.00 0.14 0.14 0.00 3.00 0.10 0.19 0.26 0.24 0.18 0.00 10.39 0.12 0.09 0.00 0.14 0.07 0.00 0.92 1.16 0.12 0.00 0.00 1.50 4.75 0.00 0.05 0.55 0.42 0.08 0.06 0.04 0.00 0.00 0.06 0.00 0.18 0.13 0.09 0.00 0.03 0.05 0.00 0.00 0.00 0.23 0.10 0.00 0.13 0.00 0.33 0.00 0.00 0.00 0.13 0.25 4.72 1.75 3.67 0.24 0.18 0.05 0.00 0.00 0.02 0.04 0.25 0.00 1.44 0.00 0.00 0.01 0.00 0.00 0.04 0.03 0.00 0.10 0.08 0.50 0.64 0.60 0.81 0.00 0.87 0.69 0.00 0.35 0.27 0.11 0.00 0.00 0.20 0.26 0.05 0.00 0.42

(100s) Stock

Exc Volume

Week High

Grande Portage Granite Creek Granite Creek* Graphano Egy Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Panther* Great Panther Great Quest Fe Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenland Res Greenshield Ex Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GSP Resource Guanajuato Sil* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl Guyana Goldstr Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Hanstone Gold* Happy Ck Mnrls Harfang Explor* Harfang Explor Harmony Gold* Harte Gold 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 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 V O V O V O V C V O V X T V V O C V V V C O

138 161 86 291 288 232 340 2241 599 810 360 988 25388 1594 552 438 252 58 21 3 647 859 1830 816 0 1179 117 103 246 0 672 454 466 194 633 648 5 141 204 0 0 0 61 818 756 1 15 127 2 269 15578 0 94 1071 405 524 307 240 21888 246 149 92 2 151 0 0 0 122 151 119 309 0 1 0 227 39 67 926 62 419 2485 2146 1785 104 69 270 1 690 132

0.59 0.18 0.14 0.78 1.73 2.12 1.23 1.48 0.28 0.27 22.80 28.84 0.25 0.32 0.05 0.15 0.05 0.07 0.05 0.35 0.13 0.09 0.07 0.60 0.00 0.11 0.08 0.05 0.05 0.00 0.11 0.34 0.42 0.18 0.43 0.53 0.05 0.11 0.14 0.00 0.00 0.00 0.04 0.28 0.22 0.19 0.00 0.05 0.20 0.25 4.12 0.00 0.15 0.19 0.02 0.09 0.26 0.24 5.35 0.62 0.78 1.27 0.14 0.18 0.00 0.00 0.00 1.33 1.05 0.13 0.10 0.00 0.19 12.50 1.86 0.10 0.06 0.09 0.10 0.12 7.36 9.34 0.10 0.07 0.05 0.05 0.03 3.10 2.50

I-Minerals* I-Minerals IAMGOLD IAMGOLD* Iconic Mnls * Iconic Mnls Idaho Champion* Idaho Champion IEMR Res iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indigo Expl Infield Min Infinite Ore Infinite Ore* Inflection Res Inomin Mines Intact Gold* Intact Gold Integra Res Integra Res* Inter-Rock Mnl Interconnect Intercontinent* 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*

O 185 V 12 T 2384 N 16508 O 167 V 118 O 659 C 831 V 0 O 69 V 314 V 927 O 10 T 60 O 26 O 53 V 284 O 137 V 47 O 6660 V 316 O 9 V 19 V 709 V 968 O 13 C 115 V 83 O 26 V 132 V 276 X 369 V 1 V 0 O 103 V 0 C 427 O 166 O 373 C 191 V 1 O 264 V 132 V 2722 O 1906 V 99 O 41 O 139990 X 661 T 21 V 644 O 71 N 340 O 40 V 72 V 7 O 40 O 244 V 194 C 69 O 183 V 688 O 25 V 116 O 260 O 265 T 3066 C 10 O 55 V 17 O 20 V 5 T 242 O 124 V 77 O 109 V 5 O 546 V 262 O 0 V 64 V 12 V 490 O 1003 T 1692 O 202

0.02 0.03 4.05 3.22 0.17 0.21 0.05 0.06 0.00 0.04 0.05 0.48 14.15 3.21 2.53 0.11 0.15 0.27 0.35 0.01 0.11 0.07 0.07 0.06 0.15 0.14 0.15 0.15 0.05 0.08 2.78 2.17 0.49 0.00 0.06 0.00 0.07 0.06 1.68 2.10 0.00 0.08 0.08 0.13 0.10 0.16 0.12 0.02 0.78 1.01 0.25 0.19 45.82 0.12 0.17 0.06 0.02 0.43 0.54 1.30 1.03 4.16 1.21 1.59 0.18 8.21 10.38 0.32 0.06 0.08 0.02 0.03 4.70 3.66 0.30 0.24 0.07 0.05 0.05 0.00 0.52 0.85 0.56 0.45 1.54 0.04

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

Low

Last

12-month Change

0.55 0.57 + 0.00 0.18 + 0.11 0.14 + 0.00 0.58 + 1.52 1.54 + 1.91 1.91 1.06 1.08 1.33 1.38 0.21 0.26 + 0.24 0.25 + 21.25 22.77 + 28.30 28.84 + 0.21 0.22 0.27 0.28 0.04 0.05 + 0.13 0.14 0.05 0.05 unch 0.06 0.07 + 0.00 0.05 unch 0.00 0.35 unch 0.00 0.12 0.07 0.08 0.06 0.06 0.54 0.55 0.00 1.95 unch 0.10 0.11 + 0.07 0.08 + 0.04 0.04 + 0.05 0.05 unch 0.00 0.14 unch 0.10 0.11 + 0.30 0.32 + 0.38 0.40 0.00 0.17 unch 0.38 0.40 0.49 0.50 0.00 0.05 0.00 0.10 0.12 0.13 0.00 0.57 unch 0.00 0.13 unch 0.00 0.03 unch 0.00 0.04 0.22 0.28 + 0.16 0.22 + 0.00 0.19 + 0.00 0.13 unch 0.00 0.05 unch 0.20 0.20 unch 0.00 0.25 + 3.88 4.11 + 0.00 0.01 unch 0.10 0.15 + 0.00 0.16 + 0.00 0.02 0.07 0.08 + 0.23 0.25 + 0.19 0.20 + 4.97 5.22 0.55 0.58 0.71 0.75 0.80 0.99 0.14 0.14 unch 0.00 0.16 unch 0.00 0.04 unch 0.00 0.02 unch 0.00 0.30 unch 0.00 1.30 0.99 1.02 0.00 0.12 + 0.07 0.10 + 0.00 0.19 unch 0.19 0.19 unch 0.00 12.50 + 1.69 1.76 + 0.00 0.10 unch 0.05 0.06 + 0.07 0.08 + 0.05 0.10 + 0.11 0.11 unch 7.05 7.25 + 9.02 9.16 0.06 0.09 + 0.04 0.06 + 0.03 0.04 + 0.00 0.05 + 0.00 0.03 unch 2.87 3.09 + 2.28 2.45 +

High Low

0.01 0.02 0.02 0.05 0.03 0.18 0.03 0.02 0.05 0.01 0.43 0.24 0.03 0.04 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.03 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.00 0.01 0.03 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.05 0.04 0.02 0.00 0.00 0.00 0.01 0.16 0.00 0.05 0.02 0.01 0.01 0.03 0.02 0.05 0.04 0.03 0.33 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.02 0.00 0.00 0.50 0.01 0.00 0.01 0.01 0.05 0.00 0.15 0.11 0.03 0.01 0.01 0.01 0.00 0.12 0.11

0.78 0.29 0.24 1.20 2.00 2.54 1.51 1.84 2.86 0.88 23.00 29.26 1.16 1.47 0.17 0.72 0.07 0.08 0.12 1.81 0.26 0.60 0.30 0.77 1.98 0.34 0.27 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 0.10 0.16 0.62 0.49 0.55 0.35 0.14 0.39 0.62 5.76 0.18 0.19 0.24 0.05 0.20 0.65 0.27 9.44 1.47 1.81 2.32 0.64 0.85 0.11 0.03 0.30 2.33 1.82 0.15 0.12 0.47 0.37 19.00 3.77 0.13 0.20 0.18 0.15 0.18 9.60 11.62 0.30 0.24 0.23 0.14 0.04 3.54 2.86

0.24 0.14 0.10 0.27 0.33 0.43 0.27 0.34 0.20 0.24 10.08 12.80 0.21 0.27 0.03 0.09 0.04 0.05 0.05 0.28 0.10 0.06 0.04 0.30 0.14 0.09 0.07 0.02 0.03 0.14 0.07 0.22 0.27 0.17 0.24 0.32 0.05 0.03 0.04 0.55 0.10 0.02 0.03 0.22 0.16 0.15 0.13 0.04 0.18 0.22 3.00 0.01 0.00 0.10 0.02 0.06 0.19 0.14 4.50 0.50 0.65 0.75 0.14 0.16 0.03 0.01 0.20 0.98 0.79 0.05 0.04 0.18 0.19 4.72 1.41 0.04 0.00 0.06 0.05 0.10 5.22 6.70 0.06 0.04 0.01 0.04 0.03 2.26 1.88

0.00 0.00 0.11 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.02 0.18 0.02 0.05 0.01 0.02 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.03 0.03 0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.40 0.55 0.00 0.01 0.01 0.03 0.03 0.00 0.01 0.00 0.02 0.09 0.05 0.05 0.61 0.00 0.01 0.00 0.00 0.00 0.03 0.10 0.13 0.38 0.00 0.01 0.01 0.49 0.20 0.00 0.01 0.00 0.00 0.01 0.32 0.13 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.08 0.02 0.03 0.02 0.01

0.05 0.06 5.04 3.95 0.30 0.37 0.21 0.26 0.05 0.15 0.20 1.22 21.00 6.25 4.92 0.90 0.24 0.49 0.62 0.05 0.19 0.15 0.11 0.42 0.28 0.21 0.48 0.23 0.06 0.12 5.12 4.02 0.51 0.10 0.20 0.26 0.34 0.27 1.68 2.08 0.12 0.13 0.16 0.16 0.13 0.25 0.40 0.02 1.55 1.96 0.33 0.24 52.91 0.26 0.33 0.09 0.05 1.40 0.67 2.69 2.10 6.61 1.55 1.90 0.35 8.57 10.59 0.40 0.08 0.11 0.04 0.06 11.30 9.30 0.47 0.38 0.21 0.08 0.10 0.83 1.05 0.99 0.61 0.51 1.54 0.20

0.02 0.03 2.75 2.16 0.08 0.10 0.04 0.04 0.02 0.03 0.04 0.42 10.38 2.95 2.27 0.09 0.09 0.16 0.29 0.00 0.05 0.04 0.06 0.04 0.06 0.04 0.12 0.08 0.04 0.05 2.53 1.95 0.37 0.08 0.06 0.10 0.06 0.04 0.24 0.30 0.03 0.03 0.04 0.04 0.03 0.10 0.07 0.00 0.62 0.79 0.07 0.07 16.91 0.11 0.13 0.03 0.01 0.13 0.32 0.92 0.72 1.86 0.88 0.24 0.02 4.64 6.06 0.30 0.03 0.05 0.01 0.02 3.70 1.25 0.25 0.19 0.05 0.03 0.04 0.18 0.24 0.24 0.36 0.25 0.65 0.02

I-J-K 0.02 0.02 unch 0.00 0.03 unch 3.93 3.94 3.06 3.13 0.13 0.16 + 0.19 0.21 + 0.04 0.04 + 0.05 0.05 unch 0.00 0.03 unch 0.03 0.03 0.00 0.04 0.45 0.46 0.00 13.74 3.13 3.17 2.45 2.51 + 0.10 0.11 + 0.12 0.14 + 0.16 0.26 + 0.31 0.32 0.01 0.01 0.09 0.10 + 0.07 0.07 + 0.00 0.07 + 0.06 0.06 unch 0.13 0.14 0.00 0.11 0.00 0.15 + 0.14 0.14 0.04 0.05 + 0.00 0.08 + 2.58 2.72 + 2.00 2.15 + 0.00 0.49 unch 0.00 0.08 unch 0.06 0.06 unch 0.00 0.10 unch 0.06 0.06 unch 0.04 0.05 1.20 1.63 + 1.50 2.05 + 0.00 0.04 unch 0.05 0.05 0.07 0.07 0.00 0.12 + 0.07 0.10 + 0.00 0.16 unch 0.10 0.11 0.01 0.01 + 0.70 0.73 0.90 0.92 0.18 0.25 + 0.00 0.19 + 41.91 42.73 0.12 0.12 0.16 0.17 + 0.00 0.06 unch 0.01 0.01 unch 0.38 0.40 0.49 0.50 1.17 1.30 + 0.87 1.03 + 3.62 3.74 1.15 1.20 + 0.00 1.49 0.12 0.17 7.66 8.20 + 9.89 10.32 + 0.32 0.32 unch 0.05 0.05 0.00 0.08 unch 0.02 0.02 unch 0.00 0.03 + 4.24 4.31 3.17 3.40 0.00 0.29 0.22 0.23 + 0.00 0.07 unch 0.03 0.03 0.00 0.05 unch 0.00 0.46 unch 0.00 0.49 0.00 0.80 + 0.52 0.55 + 0.35 0.43 + 1.48 1.50 + 0.02 0.04 +

(100s) Stock

Exc Volume

Week High

Jourdan Res Jubilee Gold Jubilee Metals* 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* Kenadyr Metals Kenadyr Metals* Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources KGL Resources* Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min* Kingman Min Kings Bay Res Kings Bay Res* Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

1095 0 12 22 313 4 531 148 1020 224 32 6 8 90 0 179 4 169 57 2 230 5069 267 5 415 24 3 44 98 48 704 46 194 411 191 51 0 0 6 9098 48997 129 69 19 1276 3971 297 87 361 825 47 17 490 362 419 738 126 437 171 218 371 2534 417

0.05 0.00 0.23 0.16 0.20 1.01 0.26 0.17 7.51 5.90 0.18 0.44 0.21 0.85 0.00 0.45 0.36 3.40 0.12 0.09 0.84 0.04 0.14 0.10 0.09 0.17 0.11 0.10 0.12 0.04 0.06 0.26 0.31 0.03 0.05 0.11 0.08 0.00 0.11 7.41 5.84 0.19 0.70 0.55 53.11 42.00 0.17 0.14 0.05 0.06 1.16 0.46 0.54 0.22 0.24 0.02 0.45 0.39 0.76 0.95 0.75 0.05 0.04

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

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

653 772 597 43 1011 2524 14 1420 1036 539 284 2 625 31 50 871 14 472 497 8551 1636 3 131 198 27 211 232 12 383 335 702 0 13 70 0 1 323 135 0 1806 10830 510 290 1008 285 119 252 30 208 127 0 616 900 20 83 63 24 11 0 409 56 687 6 25 237 841 795 653 491 5560 563 110 729 728

0.71 0.90 0.13 32.62 39.86 0.75 0.56 0.71 0.00 9.60 12.28 0.08 0.11 0.13 0.11 0.76 0.60 0.59 0.46 4.03 0.20 0.03 0.40 0.45 0.14 0.15 0.11 10.86 0.45 0.55 0.81 0.00 0.29 0.29 0.00 0.14 0.90 1.12 0.00 38.90 30.75 0.75 0.59 0.30 0.41 0.20 0.73 0.07 0.11 0.10 0.00 0.10 0.09 0.56 0.75 0.28 8.92 11.50 0.00 0.59 0.08 0.09 0.42 0.41 0.50 0.66 0.45 10.47 7.87 9.98 0.04 0.05 7.60 7.55

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

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

107 34 270 321 0 369 180 933 17 190 168 11 13 53 40 2 932 751 191 101 222 478 481 1 425 60 26 475 244 46 746 4 17 105 209

0.33 0.25 0.03 0.04 0.00 0.09 0.07 21.59 0.57 0.79 0.65 0.43 0.11 0.14 0.06 0.04 0.07 0.14 0.09 0.11 0.38 0.31 0.40 0.00 0.11 2.42 1.94 0.28 0.32 0.06 0.06 0.06 0.15 0.21 0.17

Low

Last

12-month Change

0.04 0.05 unch 0.00 0.83 unch 0.21 0.21 0.14 0.16 + 0.00 0.19 + 0.57 1.01 + 0.00 0.23 + 0.13 0.16 + 7.04 7.19 5.51 5.68 0.16 0.17 0.00 0.44 unch 0.19 0.21 unch 0.79 0.83 + 0.00 0.51 unch 0.38 0.41 + 0.00 0.36 3.23 3.36 0.00 0.12 0.07 0.09 0.78 0.81 + 0.02 0.04 + 0.11 0.13 + 0.08 0.10 + 0.00 0.09 0.00 0.15 0.11 0.11 unch 0.09 0.10 + 0.11 0.11 unch 0.03 0.04 + 0.00 0.05 unch 0.22 0.25 + 0.28 0.30 + 0.03 0.03 + 0.00 0.05 unch 0.00 0.10 0.08 0.08 unch 0.00 0.13 unch 0.09 0.09 + 7.06 7.34 + 5.50 5.81 + 0.00 0.19 + 0.00 0.65 + 0.39 0.50 + 51.69 53.01 + 40.31 41.95 + 0.00 0.17 unch 0.12 0.13 0.03 0.04 0.05 0.05 1.00 1.06 + 0.39 0.40 + 0.47 0.49 + 0.17 0.20 + 0.00 0.23 0.02 0.02 unch 0.38 0.39 0.29 0.31 0.63 0.70 + 0.87 0.88 0.67 0.69 0.04 0.05 unch 0.03 0.04 +

High Low

0.00 0.00 0.01 0.02 0.02 0.06 0.01 0.00 0.31 0.14 0.01 0.00 0.00 0.04 0.00 0.04 0.11 0.02 0.01 0.01 0.01 0.02 0.03 0.02 0.01 0.03 0.00 0.00 0.00 0.00 0.00 0.03 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.18 0.24 0.01 0.09 0.07 0.44 1.13 0.00 0.00 0.01 0.01 0.07 0.08 0.01 0.01 0.01 0.00 0.05 0.04 0.03 0.07 0.01 0.00 0.00

0.18 0.90 0.32 0.41 0.52 2.25 0.74 0.66 9.36 7.60 0.40 0.85 0.59 1.95 0.65 0.45 0.94 4.09 0.50 0.17 1.75 0.06 0.26 0.21 0.24 0.60 0.44 0.56 0.39 0.09 0.12 2.38 0.80 0.18 0.24 0.28 0.14 0.24 0.16 10.37 8.34 0.24 0.66 2.40 58.43 46.98 0.27 0.22 0.26 0.34 1.94 0.48 0.61 0.40 0.45 0.17 1.81 1.41 4.09 3.13 2.47 0.05 0.04

0.03 0.59 0.15 0.12 0.15 0.31 0.16 0.12 5.75 4.42 0.15 0.30 0.18 0.70 0.10 0.12 0.33 2.25 0.11 0.06 0.65 0.02 0.10 0.08 0.06 0.10 0.01 0.08 0.11 0.03 0.04 0.19 0.24 0.03 0.05 0.06 0.05 0.12 0.09 6.35 4.90 0.09 0.07 0.05 40.07 31.72 0.16 0.12 0.00 0.05 0.80 0.10 0.23 0.10 0.17 0.02 0.34 0.26 0.24 0.76 0.60 0.01 0.00

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

0.08 0.09 0.07 1.15 2.15 0.10 0.02 0.02 0.00 0.21 0.56 0.00 0.01 0.02 0.00 0.04 0.05 0.05 0.01 0.52 0.02 0.03 0.05 0.01 0.00 0.01 0.01 0.40 0.02 0.02 0.03 0.00 0.00 0.00 0.00 0.02 0.01 0.06 0.00 0.22 0.06 0.06 0.06 0.04 0.01 0.03 0.00 0.00 0.00 0.05 0.00 0.01 0.00 0.01 0.03 0.09 0.31 0.10 0.00 0.02 0.00 0.00 0.11 0.02 0.02 0.00 0.02 0.52 0.42 0.34 0.00 0.00 0.48 0.50

1.50 1.85 0.95 42.40 50.45 0.86 0.85 1.12 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.76 0.61 0.59 0.46 7.25 0.42 0.36 1.47 1.00 0.16 0.99 0.65 15.01 0.73 0.89 1.50 0.90 1.02 0.41 0.35 0.25 1.45 1.84 0.11 53.09 41.56 1.15 0.89 1.22 0.41 0.33 0.92 0.11 0.15 0.28 0.37 0.28 0.22 0.97 1.16 4.20 9.21 11.85 0.60 1.00 0.54 0.15 0.80 0.80 0.79 1.00 0.94 12.93 13.11 16.07 0.07 0.08 7.60 7.55

0.24 0.30 0.02 24.38 31.10 0.05 0.49 0.25 0.00 7.86 10.18 0.07 0.09 0.10 0.10 0.18 0.14 0.19 0.15 2.22 0.17 0.00 0.25 0.33 0.12 0.12 0.09 3.05 0.27 0.34 0.67 0.33 0.24 0.17 0.06 0.11 0.77 0.97 0.05 14.46 11.80 0.19 0.15 0.22 0.01 0.08 0.27 0.06 0.06 0.04 0.19 0.05 0.04 0.39 0.50 0.08 4.39 5.50 0.15 0.50 0.05 0.06 0.26 0.30 0.42 0.54 0.40 8.90 6.66 8.56 0.00 0.04 3.04 2.90

0.28 0.31 0.22 0.25 0.02 0.03 + 0.03 0.03 0.00 0.03 unch 0.07 0.07 0.00 0.05 18.47 19.83 0.41 0.53 + 0.73 0.75 0.55 0.59 0.00 0.43 + 0.10 0.11 + 0.00 0.14 + 0.00 0.06 unch 0.04 0.04 unch 0.06 0.07 + 0.11 0.14 + 0.06 0.08 0.10 0.10 0.30 0.35 + 0.00 0.31 + 0.35 0.36 0.00 0.10 unch 0.00 0.10 2.21 2.31 1.66 1.84 + 0.21 0.23 0.29 0.30 0.00 0.06 unch 0.06 0.06 unch 0.05 0.06 unch 0.10 0.10 0.18 0.21 + 0.15 0.16 +

0.02 0.01 0.00 0.01 0.00 0.03 0.01 1.59 0.01 0.04 0.01 0.03 0.01 0.02 0.00 0.00 0.01 0.03 0.00 0.01 0.02 0.03 0.01 0.00 0.01 0.04 0.04 0.01 0.01 0.00 0.00 0.00 0.05 0.01 0.00

0.70 0.54 0.08 0.10 0.03 0.18 0.14 31.21 1.40 1.20 1.12 0.65 0.17 0.21 0.18 0.07 0.07 2.00 0.57 0.75 1.75 0.39 0.44 0.39 0.21 3.68 3.00 0.82 1.04 0.10 0.13 0.10 0.72 0.57 0.50

0.28 0.22 0.02 0.03 0.03 0.06 0.05 17.88 0.39 0.72 0.55 0.30 0.09 0.10 0.05 0.03 0.05 0.11 0.06 0.09 0.30 0.23 0.29 0.00 0.08 1.82 1.43 0.18 0.22 0.06 0.05 0.03 0.07 0.13 0.09

L 0.58 0.74 0.02 28.61 37.31 0.65 0.00 0.62 0.00 8.94 11.49 0.08 0.10 0.00 0.11 0.72 0.55 0.46 0.37 3.30 0.17 0.00 0.29 0.37 0.00 0.13 0.09 9.70 0.40 0.51 0.70 0.00 0.24 0.28 0.00 0.00 0.81 1.03 0.00 36.19 28.25 0.67 0.49 0.23 0.04 0.15 0.62 0.07 0.00 0.04 0.00 0.09 0.06 0.51 0.65 0.08 0.00 0.00 0.00 0.56 0.06 0.08 0.30 0.00 0.44 0.61 0.40 9.71 7.23 9.41 0.02 0.00 7.01 6.93

0.71 0.90 0.13 29.67 37.53 0.74 0.55 0.71 0.00 9.26 11.72 0.08 0.11 0.12 0.11 0.76 0.60 0.50 0.39 3.31 0.18 0.03 0.34 0.45 0.14 0.13 0.10 10.40 0.43 0.54 0.76 0.40 0.29 0.29 0.07 0.14 0.85 1.05 0.05 36.82 29.12 0.75 0.59 0.23 0.12 0.17 0.65 0.07 0.11 0.10 0.30 0.10 0.07 0.53 0.66 0.13 8.92 11.50 0.18 0.59 0.07 0.08 0.31 0.40 0.49 0.64 0.42 10.42 7.80 9.88 0.03 0.05 7.44 7.43

WWW.NORTHERNMINER.COM

JANUARY 10–23, 2022 / THE NORTHERN MINER

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

Exc Volume

Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite* Mason Graphite Matachewan Con Matica Ent Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meryllion Res* MetalCorp* MetalCorp Metalex Vent Metalex Vent * Metallic Mnrls* Metallic Mnrls Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* 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 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*

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

770 530 90 535 89 3 38 1109 0 1145 183 242 188 2 117 30 392 322 0 28 74 517 225 516 940 132 108 1 8 141 57 0 9565 423 889 31 831 171 486 821 2923 150 264 39930 2 1176 1697 237 578 298 655 55 48 434 70 0 202 54 88 210 380 452 11 296 91 128 7 3 3 0 84 856 284 145 586 200 684 0 92 1009 25 134 0 0 98 536 395 1735 182 597 966 0 571 312 36 160 2423 3527 303 280 0 296 225 1 204 302 0 155 82 152 409 32 59 888 779 118 136 69 15 54 12 0 329 9 252 89 636 170 103 16 44 67 36 12325 33 3 84 99 869 3143 1277 84 308 374 951 113 27

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

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

46 256 577 116 78 4507 757 983 173 196 43 6 901 3655 1243 391 399 1369 391 114 388

Week High

Low

Last

12-month Change

0.32 0.28 0.29 0.39 0.36 0.37 + 2.68 2.35 2.55 + 3.25 3.13 3.24 + 0.26 0.24 0.26 + 2.94 0.00 2.94 + 3.77 3.55 3.77 + 0.14 0.13 0.13 unch 0.00 0.00 0.07 unch 445.00 433.67 440.52 + 0.07 0.06 0.06 0.08 0.00 0.08 0.10 0.10 0.10 unch 2.91 0.00 2.56 + 0.07 0.00 0.07 0.06 0.05 0.06 0.65 0.52 0.55 + 0.73 0.00 0.69 + 0.00 0.00 0.23 unch 0.41 0.36 0.41 + 5.75 5.49 5.52 4.49 4.26 4.36 0.15 0.12 0.15 + 0.19 0.16 0.19 + 0.25 0.00 0.25 + 0.09 0.08 0.08 0.07 0.04 0.07 + 0.07 0.00 0.07 0.72 0.00 0.72 + 0.97 0.88 0.91 0.12 0.00 0.12 0.00 0.00 0.65 unch 0.94 0.86 0.89 1.19 1.11 1.14 0.06 0.04 0.05 0.28 0.24 0.27 + 3.37 3.04 3.18 + 0.15 0.13 0.13 0.12 0.10 0.11 1.03 0.94 1.01 + 0.85 0.74 0.80 + 0.02 0.02 0.02 unch 0.03 0.00 0.03 + 0.00 0.00 0.00 + 0.16 0.00 0.16 unch 0.23 0.19 0.20 0.29 0.26 0.26 0.13 0.10 0.10 0.11 0.08 0.08 0.04 0.03 0.03 0.05 0.04 0.05 + 0.30 0.26 0.30 + 0.24 0.21 0.24 + 1.24 1.11 1.18 + 0.97 0.86 0.92 + 0.00 0.00 0.07 unch 0.03 0.03 0.03 0.04 0.00 0.04 + 0.03 0.00 0.03 unch 0.02 0.02 0.02 0.41 0.33 0.36 + 0.52 0.44 0.46 0.12 0.11 0.12 0.17 0.15 0.15 0.02 0.02 0.02 unch 0.30 0.28 0.30 unch 0.09 0.00 0.08 0.55 0.55 0.55 unch 2.24 0.00 2.24 + 1.77 1.77 1.77 unch 0.16 0.13 0.13 0.18 0.17 0.18 0.42 0.33 0.39 + 0.30 0.00 0.29 + 0.04 0.02 0.03 + 0.06 0.05 0.05 unch 0.05 0.04 0.04 + 0.00 0.00 0.12 unch 0.50 0.47 0.49 0.46 0.40 0.46 + 0.20 0.20 0.20 + 0.27 0.00 0.27 + 0.00 0.00 0.60 unch 0.00 0.00 0.05 unch 3.90 3.33 3.62 + 4.63 4.47 4.57 + 0.59 0.47 0.55 + 0.70 0.60 0.70 + 0.02 0.00 0.01 unch 0.05 0.04 0.04 0.06 0.06 0.06 + 0.00 0.00 0.09 unch 0.33 0.31 0.33 unch 0.27 0.24 0.26 + 0.27 0.25 0.26 0.35 0.32 0.33 0.45 0.38 0.42 + 0.54 0.50 0.54 + 0.08 0.01 0.01 0.09 0.07 0.08 0.00 0.00 0.26 unch 0.12 0.00 0.12 unch 0.14 0.09 0.10 41.53 0.00 41.53 + 0.08 0.06 0.06 0.09 0.08 0.09 unch 0.00 0.00 0.25 unch 0.15 0.00 0.13 0.28 0.00 0.24 0.53 0.00 0.52 + 0.08 0.07 0.07 0.52 0.00 0.52 + 0.11 0.00 0.10 + 0.04 0.03 0.03 + 0.05 0.04 0.05 unch 0.55 0.51 0.55 + 0.70 0.66 0.70 + 2.13 2.00 2.05 1.85 1.58 1.63 0.24 0.00 0.22 unch 0.13 0.00 0.12 unch 0.09 0.00 0.09 + 0.67 0.61 0.64 0.53 0.50 0.50 0.05 0.02 0.04 + 0.72 0.00 0.63 0.10 0.01 0.05 0.08 0.00 0.08 0.13 0.00 0.12 0.08 0.01 0.08 0.44 0.00 0.40 unch 0.19 0.13 0.17 0.24 0.21 0.22 40.31 38.81 39.29 + 0.10 0.10 0.10 unch 0.34 0.00 0.34 unch 0.18 0.16 0.17 0.14 0.13 0.14 0.69 0.52 0.60 + 0.88 0.69 0.76 + 0.39 0.31 0.33 0.18 0.15 0.15 0.23 0.18 0.21 0.12 0.00 0.12 + 0.15 0.12 0.15 + 0.08 0.07 0.08 + 0.07 0.05 0.07 +

High Low

0.01 0.42 0.18 0.01 0.49 0.24 0.06 3.00 1.68 0.04 3.73 2.13 0.01 1.30 0.18 0.06 4.55 2.36 0.09 5.85 2.75 0.00 0.24 0.12 0.00 0.18 0.06 3.46 445.00 274.64 0.00 0.20 0.04 0.01 0.22 0.06 0.00 0.25 0.09 0.03 3.45 1.10 0.01 0.25 0.03 0.01 0.12 0.01 0.02 0.94 0.32 0.01 1.19 0.40 0.00 0.27 0.16 0.05 2.55 0.31 0.22 7.74 5.06 0.13 6.40 3.91 0.02 0.35 0.11 0.02 0.42 0.14 0.05 0.49 0.14 0.02 0.40 0.08 0.01 0.30 0.04 0.01 1.26 0.01 0.07 1.63 0.40 0.04 2.15 0.49 0.01 0.20 0.05 0.00 1.45 0.54 0.02 1.71 0.80 0.04 2.07 1.03 0.01 0.10 0.04 0.02 2.00 0.23 0.05 5.19 1.58 0.01 0.75 0.08 0.00 0.59 0.06 0.07 1.43 0.45 0.08 1.81 0.32 0.00 0.08 0.01 0.01 0.11 0.02 0.00 0.01 0.00 0.00 0.28 0.12 0.00 0.34 0.12 0.03 0.42 0.15 0.03 0.55 0.08 0.01 0.48 0.07 0.00 0.09 0.02 0.01 0.11 0.03 0.01 0.98 0.24 0.01 0.72 0.20 0.07 1.34 0.18 0.02 1.08 0.14 0.00 0.12 0.00 0.00 0.05 0.03 0.01 0.07 0.03 0.00 0.13 0.02 0.01 0.10 0.02 0.00 0.71 0.25 0.02 0.88 0.32 0.01 0.45 0.09 0.02 0.57 0.11 0.00 0.04 0.02 0.00 0.57 0.23 0.02 0.20 0.07 0.00 0.69 0.11 0.03 3.50 2.15 0.00 2.62 1.73 0.01 0.20 0.05 0.01 0.21 0.07 0.06 0.42 0.09 0.02 0.59 0.19 0.00 0.13 0.02 0.00 0.16 0.04 0.00 0.13 0.03 0.00 0.15 0.08 0.01 0.99 0.46 0.02 0.71 0.21 0.00 0.40 0.00 0.02 0.42 0.23 0.00 0.60 0.40 0.00 0.05 0.05 0.09 4.16 1.88 0.06 5.25 2.45 0.08 0.94 0.27 0.09 0.74 0.30 0.00 0.04 0.01 0.00 0.12 0.04 0.01 0.15 0.05 0.00 0.20 0.07 0.00 0.69 0.23 0.01 0.54 0.17 0.01 0.52 0.24 0.02 0.65 0.30 0.02 0.63 0.38 0.03 0.75 0.48 0.04 0.14 0.01 0.02 0.17 0.07 0.00 0.30 0.13 0.00 0.28 0.11 0.00 0.22 0.09 6.09 44.65 22.79 0.01 0.08 0.04 0.00 0.18 0.05 0.00 0.48 0.16 0.02 0.49 0.11 0.03 0.37 0.04 0.02 0.69 0.31 0.01 0.32 0.06 0.02 0.70 0.26 0.01 0.15 0.09 0.00 0.15 0.03 0.00 0.20 0.04 0.03 0.90 0.50 0.03 1.31 0.59 0.08 2.85 1.55 0.01 1.85 1.25 0.00 0.63 0.14 0.00 0.39 0.10 0.00 0.29 0.07 0.01 1.06 0.58 0.03 0.85 0.45 0.03 0.05 0.01 0.05 4.00 0.21 0.02 0.86 0.01 0.02 0.95 0.07 0.01 0.21 0.09 0.02 0.16 0.01 0.00 0.79 0.28 0.00 0.51 0.12 0.02 0.64 0.16 0.11 43.24 21.62 0.00 0.19 0.07 0.00 0.65 0.34 0.01 0.51 0.15 0.00 0.41 0.11 0.06 0.69 0.32 0.03 0.88 0.40 0.07 1.35 0.25 0.02 0.27 0.12 0.02 0.35 0.16 0.02 0.15 0.03 0.02 0.17 0.06 0.01 0.17 0.06 0.01 0.12 0.00

N-O 36.29 0.25 0.21 33.42 0.70 0.43 0.36 6.33 1.05 0.27 0.25 1.07 0.59 0.73 0.08 0.11 0.31 0.36 0.43 0.37 0.07

32.90 36.29 + 0.24 0.25 0.18 0.20 + 30.65 33.42 + 0.38 0.40 0.37 0.39 0.28 0.31 + 6.26 6.32 unch 0.77 0.98 + 0.00 0.27 unch 0.20 0.21 0.97 1.07 + 0.48 0.56 + 0.64 0.71 + 0.07 0.08 + 0.09 0.11 + 0.26 0.28 + 0.34 0.36 + 0.39 0.40 + 0.00 0.33 + 0.06 0.07 +

3.20 0.01 0.01 1.33 0.22 0.03 0.01 0.00 0.21 0.00 0.01 0.10 0.03 0.03 0.01 0.01 0.01 0.02 0.01 0.02 0.02

44.00 0.43 0.40 34.92 3.70 1.31 1.21 6.45 1.05 2.05 1.62 1.07 0.99 3.15 0.17 0.22 1.50 0.84 0.78 0.60 0.18

20.05 0.21 0.15 13.40 0.38 0.08 0.00 1.75 0.20 0.23 0.19 0.11 0.39 0.49 0.06 0.08 0.23 0.27 0.30 0.22 0.05

(100s) Stock

Exc Volume

Nevada Sunrise* 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 Jersey Mng* New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng 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 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 Oceanic Iron O* Oceanus Res Oceanus Res* Odyssey Res Olivut Res* Olivut Res Omai Gold Omai Gold* Omineca Mining* Omineca Mining One World Lith* One World Lith Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent Optimus Gold Opus One Gold 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 Orocobre Orsu Metals Orsu Metals*

O 1055 V 215 V 1 O 36 V 131 V 614 O 444 V 0 O 2 V 10 V 782 T 3831 X 32863 O 26 T 305 X 1205 V 961 O 1276 V 102 V 2 C 165 O 29 V 184 O 44 T 10 O 10 C 894 V 0 N 24196 T 395 O 279 V 148 V 655 O 634 V 2048 N 335 T 4814 X 8056 T 220 O 1033 V 589 C 156 O 161 V 780 O 21 V 337 O 74 O 415 T 404 V 0 V 596 O 2325 O 33 V 368 O 121 T 523 V 125 V 183 T 443 O 607 V 90 O 41 V 1299 O 220 V 6 V 327 O 81 O 15 O 628 V 302 O 400 O 76 V 2244 V 247 V 2 V 151 V 99 O 16 C 47 O 10 V 701 O 65 V 1131 O 120 V 328 O 646721 O 1002 V 879 T 128 C 476 O 293 V 204 O 1363 V 2045 C 745 O 13 O 69 V 341 V 484 T 986 O 628 V 144 N 693 T 297 X 4207 T 814 V 0 V 0 O 147 V 654 V 254 O 314 V 263 C 307 C 435 T 1703 X 25210 V 8 O 8 O 32 C 1200 O 5803 V 5222 N 7058 T 3957 O 403 V 482 V 197 V 383 T 3328 O 3 V 665 O 3 V 821 O 175 V 0 O 3 V 38 V 331 O 47 O 422 V 430 O 523 C 504 V 560 O 68 V 87 O 84 V 124 V 30 V 402 V 321 O 100 V 0 O 13692 T 5565 V 761 V 230 O 263 V 462 T 528 O 310 V 90 C 62 O 486 T 482 O 461 V 566 T 19 V 0 O 29

(100s) Stock

Week

12-month

High

Low

Last

Change

0.06 0.08 0.11 0.40 0.43 0.11 0.09 0.00 0.06 0.09 9.07 1.97 1.56 7.90 4.34 3.57 0.09 0.07 0.58 0.18 0.07 3.46 0.54 0.43 22.90 17.79 0.25 0.00 62.18 78.93 0.09 0.12 0.47 0.07 0.09 8.34 5.85 4.57 3.30 0.03 0.04 0.42 0.35 2.18 5.00 1.04 0.85 0.06 0.08 0.00 0.12 0.09 0.08 0.09 0.68 0.83 0.34 0.11 1.40 1.11 0.03 0.03 0.79 0.74 0.01 0.14 0.12 0.40 0.78 0.99 30.86 0.94 1.07 0.05 0.14 0.07 0.30 0.63 0.82 0.02 0.02 0.40 0.46 0.07 0.10 0.00 2.66 3.28 0.05 0.04 0.03 0.04 0.42 0.47 0.19 0.16 0.69 0.81 0.08 0.05 0.04 9.75 7.75 8.97 6.98 1.47 0.00 0.00 0.14 0.06 0.81 0.64 0.39 0.07 0.06 0.46 0.37 0.20 0.16 0.01 0.02 0.03 0.04 77.35 99.10 0.11 0.14 0.06 2.08 2.24 1.70 0.12 0.10 0.78 0.61 0.00 0.05 0.07 0.11 0.08 0.20 0.21 0.08 0.10 0.34 0.30 0.13 0.10 0.55 0.16 0.06 0.53 0.41 0.00 0.10 0.13 0.06 0.06 0.08 0.10 1.25 0.95 0.18 0.27 1.05 4.91 1.74 2.23 8.34 0.00 0.18

0.04 0.07 0.00 0.30 0.00 0.00 0.07 0.00 0.06 0.00 8.33 1.83 1.43 6.50 3.56 2.77 0.08 0.05 0.00 0.00 0.06 0.00 0.50 0.39 0.00 0.00 0.22 0.00 59.09 75.77 0.01 0.00 0.46 0.05 0.08 7.56 5.39 4.23 3.07 0.02 0.00 0.35 0.25 1.75 1.41 0.97 0.74 0.05 0.00 0.00 0.10 0.07 0.06 0.08 0.62 0.80 0.00 0.10 1.29 1.02 0.00 0.01 0.69 0.45 0.00 0.13 0.10 0.35 0.65 0.85 30.12 0.82 1.05 0.00 0.00 0.00 0.00 0.57 0.77 0.02 0.00 0.33 0.40 0.00 0.08 0.00 1.55 1.94 0.00 0.03 0.02 0.03 0.31 0.37 0.17 0.14 0.60 0.76 0.08 0.04 0.03 8.75 6.92 8.50 6.66 1.36 0.00 0.00 0.10 0.06 0.72 0.56 0.00 0.06 0.05 0.41 0.32 0.00 0.15 0.01 0.02 0.02 0.03 74.40 94.51 0.09 0.12 0.00 0.00 2.14 1.60 0.11 0.10 0.65 0.51 0.00 0.04 0.00 0.10 0.08 0.15 0.18 0.07 0.09 0.30 0.23 0.00 0.09 0.00 0.00 0.00 0.49 0.35 0.00 0.06 0.09 0.00 0.00 0.07 0.09 1.04 0.84 0.00 0.00 1.00 4.60 1.58 2.00 8.12 0.00 0.00

0.06 + 0.08 + 0.11 unch 0.33 0.42 + 0.11 + 0.08 + 0.05 unch 0.06 unch 0.09 8.98 + 1.89 1.50 7.44 + 3.74 2.94 0.08 0.07 + 0.50 0.18 + 0.07 + 3.23 + 0.52 + 0.43 + 22.45 + 17.63 + 0.24 + 0.29 unch 62.02 + 78.44 + 0.09 + 0.12 0.46 + 0.06 0.08 7.86 5.54 4.37 3.26 + 0.03 + 0.03 unch 0.37 0.28 + 1.85 1.47 + 0.97 0.80 + 0.06 0.07 0.04 unch 0.10 0.09 0.06 0.09 unch 0.65 + 0.81 unch 0.33 + 0.11 + 1.29 1.02 0.02 0.03 + 0.76 + 0.60 + 0.01 unch 0.14 0.10 0.37 0.76 + 0.97 + 30.67 + 0.84 + 1.07 unch 0.05 + 0.14 unch 0.07 unch 0.29 + 0.62 + 0.78 0.02 + 0.02 unch 0.34 0.43 0.07 + 0.09 unch 0.00 unch 2.00 2.85 + 0.05 + 0.03 0.02 0.04 unch 0.34 + 0.42 + 0.17 0.14 0.65 + 0.81 + 0.08 unch 0.05 + 0.04 + 8.79 6.99 8.67 6.86 1.43 + 0.83 unch 0.36 unch 0.14 + 0.06 unch 0.79 0.62 + 0.39 unch 0.06 unch 0.05 0.41 0.33 0.20 unch 0.15 0.01 + 0.02 0.02 0.03 unch 75.20 + 95.08 0.11 + 0.14 unch 0.05 unch 2.05 + 2.20 + 1.65 0.11 0.10 unch 0.71 + 0.59 + 0.04 unch 0.05 + 0.07 + 0.10 0.08 + 0.16 + 0.21 + 0.08 + 0.09 unch 0.30 0.25 0.13 + 0.10 + 0.48 0.16 0.06 + 0.51 + 0.39 0.20 unch 0.07 0.09 0.06 0.06 unch 0.08 + 0.10 + 1.20 0.95 0.17 0.25 unch 1.00 4.83 1.61 + 2.04 + 8.28 unch 0.26 unch 0.16 -

0.02 0.01 0.00 0.03 0.01 0.01 0.00 0.00 0.00 0.01 0.47 0.04 0.01 0.94 0.38 0.48 0.01 0.00 0.04 0.04 0.01 0.09 0.01 0.04 0.09 0.24 0.01 0.00 2.49 2.40 0.00 0.01 0.01 0.00 0.01 0.36 0.27 0.11 0.11 0.00 0.00 0.02 0.00 0.29 0.07 0.01 0.06 0.00 0.01 0.00 0.02 0.01 0.00 0.00 0.02 0.00 0.02 0.02 0.10 0.06 0.01 0.02 0.03 0.01 0.00 0.01 0.01 0.03 0.10 0.09 0.76 0.00 0.00 0.01 0.00 0.00 0.04 0.03 0.02 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.15 0.14 0.01 0.01 0.01 0.00 0.03 0.04 0.02 0.02 0.06 0.04 0.00 0.01 0.00 0.60 0.24 0.25 0.07 0.04 0.00 0.00 0.04 0.00 0.01 0.01 0.00 0.00 0.02 0.05 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.21 1.16 0.00 0.00 0.00 0.01 0.01 0.11 0.01 0.00 0.02 0.05 0.00 0.02 0.02 0.01 0.00 0.03 0.03 0.00 0.00 0.03 0.01 0.01 0.00 0.07 0.03 0.01 0.01 0.00 0.00 0.02 0.04 0.01 0.00 0.01 0.01 0.04 0.01 0.01 0.00 0.05 0.08 0.02 0.03 0.00 0.00 0.05

High Low 0.15 0.18 0.19 0.58 0.65 0.24 0.19 0.10 0.17 0.12 13.50 3.05 2.40 8.40 9.02 5.84 0.38 0.29 0.79 0.28 0.15 4.10 0.77 0.61 30.25 22.70 0.61 0.31 75.31 90.94 0.23 0.30 0.60 0.17 0.22 12.86 8.09 6.50 5.30 0.08 0.09 0.67 0.53 2.18 5.00 1.14 2.00 0.15 0.19 0.07 1.18 0.93 0.20 0.25 1.17 1.48 1.19 0.19 2.08 1.65 0.08 0.05 1.03 0.87 0.03 0.21 0.17 0.84 0.99 1.25 38.21 0.94 1.11 0.13 0.39 0.15 0.76 0.96 1.25 0.09 0.06 0.52 0.65 0.10 0.15 0.00 2.66 3.28 0.10 0.09 0.07 0.09 0.42 0.47 0.45 0.36 0.91 1.10 0.23 0.10 0.08 27.40 17.24 13.33 10.45 3.70 0.92 0.69 0.35 0.10 1.55 1.26 0.43 0.37 0.46 1.45 1.15 0.59 0.46 0.05 0.05 0.16 0.20 77.35 99.10 0.34 0.40 0.38 3.38 2.85 2.21 0.32 0.25 0.79 0.67 0.07 0.11 0.11 0.25 0.27 0.38 0.41 0.13 0.16 0.65 0.54 0.31 0.24 0.65 0.35 0.09 0.93 0.74 0.20 0.26 0.31 0.18 0.16 0.17 0.22 1.70 1.39 0.27 0.55 1.06 7.30 3.02 3.66 9.30 0.37 0.29

0.04 0.06 0.10 0.22 0.29 0.09 0.06 0.04 0.04 0.07 3.15 1.29 1.01 3.15 3.08 2.38 0.08 0.05 0.19 0.13 0.05 1.59 0.45 0.35 20.16 15.85 0.18 0.06 52.60 66.25 0.01 0.10 0.34 0.04 0.06 6.50 3.25 2.55 0.65 0.02 0.03 0.30 0.24 0.50 0.39 0.46 0.36 0.05 0.07 0.03 0.07 0.06 0.06 0.08 0.57 0.73 0.30 0.09 0.69 0.53 0.02 0.00 0.31 0.35 0.01 0.08 0.06 0.32 0.34 0.44 27.38 0.14 0.18 0.04 0.12 0.05 0.22 0.36 0.45 0.01 0.02 0.11 0.14 0.05 0.06 0.00 0.25 0.36 0.04 0.03 0.02 0.01 0.00 0.16 0.17 0.12 0.40 0.50 0.07 0.04 0.03 6.36 5.07 8.21 6.40 1.23 0.26 0.30 0.03 0.03 0.54 0.43 0.21 0.06 0.05 0.41 0.32 0.18 0.14 0.01 0.01 0.02 0.03 46.80 59.69 0.09 0.12 0.05 1.90 1.75 1.38 0.11 0.10 0.43 0.33 0.03 0.03 0.04 0.09 0.00 0.09 0.12 0.05 0.06 0.18 0.11 0.11 0.09 0.35 0.12 0.03 0.41 0.32 0.20 0.06 0.08 0.05 0.05 0.06 0.08 0.87 0.69 0.13 0.16 0.06 3.71 1.32 1.68 3.89 0.20 0.02

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

Exc Volume

Week Low

0.26 0.31 unch 0.22 0.24 0.87 0.87 + 1.09 1.12 + 3.15 3.22 11.75 12.25 + 15.06 15.48 + 0.27 0.31 + 0.38 0.39 unch 3.65 3.81 + 0.00 0.04 unch 0.21 0.24 + 0.26 0.30 + 0.11 0.13 + 0.15 0.16 + 19.93 20.84 +

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

250 113 121 132 71 1933 528 5 288 1861 0 48 468 458 993 12

0.32 0.25 0.98 1.16 3.55 12.27 15.52 0.31 0.40 3.84 0.00 0.28 0.31 0.14 0.17 20.84

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Booker Min V Pac Booker Min* O Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacific Silk* O 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 O Panoro Mnrls* Panoro Mnrls V 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* O Pegasus Res V Pelangio Expl V Pelangio Expl* O Peloton Mnrls* O Peloton Mnrls C PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Phoenix Metals V O Pine Cliff En* Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res* O Portofino Res V Power Group V Power Group* O Power Metals* O Power Metals V PPX Mining* O Precipitate Gl* O Precipitate Gl V Pretium Res* N Pretium Res T Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V O Prog Planet* Prog Planet V Prophecy Pot C Prospect Ridge C Prosper Gold V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V 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

21 79 0 15 30 23 0 805 164 50 134 242 2 537 2027 82 24 6259 99 312 378 159 78 322 1094 7953 131 1501 105 160 1257 144 154 224 149 487 93 0 1596 698 474 2 16 250 682 12770 4 289 111 3 121 41 1 144 672 131 293 597 12 71 2 220 36 115 337 0 10 52 170 239 763 23 3 80 238 4 514 438 5317 390 162 0 294 814 14 287 422 0 5 1398 1157 90 522 402 3297 744 0 15 394 0 65 20 88 81 0 0 36 225 129 0 578 261 190 45 12 87 90 189 33 73 81 1350 2050 1754 1 108 1075 660 7 192 100 12 500 333 132 51 33 85 6 5 8 136 74 27 146

0.59 0.70 0.00 0.09 4.08 3.45 0.00 0.42 0.35 0.03 0.04 0.04 0.02 0.52 0.64 0.23 0.19 0.23 0.02 0.01 0.20 0.16 0.25 0.33 32.31 25.55 0.61 0.78 0.09 0.11 0.01 0.12 0.16 0.29 0.06 0.12 0.38 0.00 0.76 0.15 0.05 0.54 0.68 0.07 0.07 10.98 0.06 0.05 0.10 0.08 0.07 0.08 0.28 6.03 4.76 1.54 0.04 0.03 0.15 0.20 1.06 0.07 0.08 0.43 0.36 0.00 0.75 0.56 0.20 0.56 0.74 0.30 96.08 0.20 0.03 0.03 0.04 2.51 1.98 0.03 0.11 0.00 0.06 2.84 3.57 0.10 0.13 0.00 0.03 0.20 0.23 0.00 0.10 0.11 14.17 17.95 0.00 3.70 4.34 0.00 0.39 0.07 1.51 1.94 0.00 0.00 0.50 1.00 0.68 0.00 0.17 0.06 0.07 0.11 0.08 0.45 0.38 0.42 0.01 1.40 1.80 0.61 0.76 0.10 0.08 0.11 0.36 0.28 0.17 0.25 0.08 0.04 0.17 0.22 0.11 0.04 0.05 0.91 0.71 0.16 0.25 0.25 0.14 0.60 0.76

0 199 79 76 20 29 0 0 2157 1625 26

0.00 0.24 0.37 0.34 3.25 0.18 0.00 0.00 1.30 0.05 0.08

Last

12-month

High

Change

Stock

0.00 0.00 0.02 0.01 0.02 0.22 0.07 0.04 0.00 0.06 0.00 0.02 0.01 0.00 0.01 1.50

0.54 0.39 1.40 1.61 9.23 15.12 18.40 0.42 0.52 3.97 0.10 1.22 1.40 0.40 0.69 21.04

0.23 0.18 0.79 1.01 3.06 9.77 12.39 0.27 0.35 2.33 0.03 0.15 0.19 0.11 0.14 14.31

0.03 0.08 0.00 0.01 0.10 0.04 0.00 0.05 0.06 0.00 0.01 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.03 0.58 0.05 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.02 0.00 0.07 0.01 0.00 0.00 0.04 0.00 0.01 0.51 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.32 0.20 0.00 0.01 0.01 0.02 0.02 0.11 0.01 0.01 0.02 0.01 0.00 0.06 0.01 0.01 0.04 0.01 0.05 0.47 0.03 0.01 0.00 0.00 0.48 0.37 0.00 0.01 0.00 0.00 0.34 0.43 0.01 0.01 0.00 0.00 0.01 0.01 0.03 0.00 0.01 0.13 0.06 0.00 0.03 0.24 0.00 0.09 0.00 0.01 0.01 0.00 0.00 0.11 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.02 0.03 0.00 0.10 0.10 0.05 0.06 0.01 0.02 0.02 0.05 0.03 0.00 0.04 0.02 0.00 0.00 0.02 0.01 0.00 0.00 0.04 0.05 0.00 0.03 0.04 0.02 0.07 0.01

1.00 0.83 0.26 0.18 4.08 3.45 0.08 0.42 0.35 0.06 0.08 0.06 0.04 1.09 0.80 0.37 0.36 0.98 0.04 0.10 0.40 0.32 1.07 0.72 50.70 39.62 0.68 0.84 0.16 0.20 0.05 0.18 0.23 0.34 0.07 1.02 0.65 0.15 1.59 0.84 0.09 2.24 2.94 0.50 0.23 19.83 0.10 0.10 0.23 0.17 0.10 0.12 0.53 14.40 9.45 1.69 0.07 0.10 0.18 0.22 1.09 0.12 0.15 0.85 1.10 0.10 1.29 0.74 0.55 0.72 0.90 0.41 123.00 0.25 0.06 0.06 0.09 7.59 5.99 0.05 0.30 0.23 0.26 5.41 6.71 0.20 0.23 0.16 0.10 0.35 0.43 0.50 0.24 0.29 14.79 18.57 0.17 4.15 5.24 0.14 0.62 0.11 1.71 2.15 0.48 0.60 0.52 2.75 2.40 0.54 0.18 0.20 0.16 0.90 0.85 11.40 0.50 0.64 0.03 2.11 2.63 2.23 2.69 0.20 0.34 0.43 0.47 0.37 0.27 0.33 0.26 0.21 0.47 0.60 0.25 0.13 0.16 5.85 5.85 0.29 0.36 0.41 0.27 1.07 1.37

0.28 0.33 0.14 0.08 1.73 1.37 0.02 0.05 0.05 0.02 0.03 0.02 0.02 0.38 0.20 0.16 0.13 0.03 0.01 0.00 0.17 0.13 0.19 0.26 27.65 21.39 0.00 0.43 0.06 0.08 0.01 0.08 0.11 0.12 0.05 0.10 0.27 0.15 0.65 0.11 0.02 0.46 0.61 0.07 0.03 2.20 0.02 0.04 0.09 0.07 0.04 0.07 0.19 5.13 3.96 0.99 0.04 0.00 0.02 0.05 0.01 0.04 0.04 0.35 0.25 0.05 0.40 0.25 0.18 0.18 0.21 0.13 80.55 0.14 0.02 0.03 0.04 1.99 1.64 0.03 0.09 0.00 0.05 2.56 3.15 0.06 0.08 0.03 0.02 0.13 0.17 0.00 0.06 0.07 8.29 10.40 0.06 1.45 1.80 0.04 0.19 0.06 0.99 1.26 0.06 0.08 0.10 0.20 0.51 0.28 0.08 0.06 0.00 0.11 0.00 0.37 0.12 0.15 0.01 0.50 0.68 0.49 0.65 0.06 0.07 0.09 0.15 0.11 0.15 0.20 0.06 0.04 0.14 0.18 0.05 0.03 0.05 0.55 0.20 0.00 0.12 0.10 0.05 0.40 0.50

Ready Set Gold Recharge Res* Recharge Res Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res* Riverside Res RJK Explor* RJK Explor Robex Res Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met 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 Fox Gold* Royal Gold* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining RTG Mining * Rugby Mng Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.00 0.03 0.00 0.02 0.15 0.05 0.00 0.00 0.22 0.01 0.00

0.50 0.36 0.38 0.50 3.80 0.26 0.15 2.00 4.13 0.06 0.15

0.15 0.19 0.20 0.18 1.57 0.10 0.08 0.00 0.73 0.02 0.04

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* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightRes Secova Metals* Secova Metals Sego Res Select Sands Sennen Potash Sentinel Res Sentinel Res* Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Grande Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* Sigma Lithium Signature Res Signature Res* Silver Bear Rs* Silver Bear Rs Silver Bull Re Silver Bull Re* Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Grail Silver Hammer* Silver Hammer Silver One* Silver One Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce Silver Spruce* Silver Valley* Silver Valley Silver Viper* Silver Viper Silver Wolf

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

P-Q 0.51 0.00 0.00 0.00 3.75 2.93 0.00 0.34 0.26 0.03 0.00 0.00 0.02 0.46 0.58 0.00 0.17 0.13 0.00 0.01 0.18 0.13 0.22 0.26 31.19 24.51 0.56 0.75 0.07 0.00 0.00 0.11 0.00 0.26 0.05 0.11 0.00 0.00 0.66 0.13 0.04 0.54 0.00 0.07 0.04 9.90 0.00 0.05 0.00 0.07 0.07 0.00 0.00 5.37 4.19 0.00 0.04 0.03 0.00 0.18 0.95 0.06 0.00 0.37 0.28 0.00 0.68 0.52 0.18 0.53 0.66 0.25 0.00 0.00 0.00 0.03 0.04 1.99 1.56 0.00 0.00 0.00 0.06 2.48 0.00 0.08 0.12 0.00 0.02 0.15 0.21 0.00 0.08 0.10 13.65 17.49 0.00 3.09 3.85 0.00 0.30 0.00 1.28 0.00 0.00 0.00 0.39 0.80 0.58 0.00 0.15 0.06 0.05 0.00 0.05 0.37 0.31 0.39 0.01 1.26 1.62 0.52 0.66 0.09 0.07 0.00 0.29 0.22 0.15 0.00 0.00 0.04 0.14 0.20 0.10 0.03 0.00 0.00 0.00 0.00 0.00 0.19 0.12 0.00 0.00

0.54 + 0.68 + 0.20 unch 0.09 4.00 + 3.15 + 0.02 unch 0.40 + 0.32 + 0.03 unch 0.04 + 0.04 + 0.02 + 0.49 0.62 + 0.23 0.19 + 0.18 0.01 unch 0.01 + 0.19 0.14 0.23 0.33 + 31.56 24.97 0.61 + 0.76 unch 0.08 0.11 unch 0.01 unch 0.12 0.16 unch 0.28 + 0.06 + 0.11 0.36 + 0.15 unch 0.70 0.14 0.04 unch 0.54 unch 0.68 + 0.07 unch 0.06 10.07 0.06 + 0.05 unch 0.10 unch 0.07 0.07 0.08 unch 0.28 unch 6.03 + 4.75 + 1.49 unch 0.04 + 0.03 0.15 + 0.20 + 0.95 0.07 + 0.07 0.41 0.33 0.10 unch 0.74 + 0.55 0.18 0.53 + 0.68 0.25 92.28 0.17 0.03 + 0.03 unch 0.04 unch 1.99 1.58 0.03 unch 0.11 + 0.08 unch 0.06 unch 2.50 3.17 0.09 0.12 0.04 unch 0.02 + 0.17 0.22 0.00 0.08 + 0.11 + 14.09 + 17.82 0.12 unch 3.21 3.96 0.10 unch 0.30 0.07 unch 1.51 + 1.91 0.32 unch 0.40 unch 0.50 + 0.88 0.64 unch 0.29 unch 0.16 unch 0.06 unch 0.07 + 0.11 unch 0.08 + 0.41 + 0.34 + 0.42 + 0.01 1.30 1.64 0.53 0.68 0.09 0.07 0.11 + 0.34 + 0.27 + 0.17 + 0.25 + 0.07 + 0.04 0.16 0.20 0.10 0.04 0.05 unch 0.77 0.60 0.16 0.19 0.19 0.14 + 0.60 + 0.75 +

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

V V V C O V O O O V O

0.00 0.21 0.34 0.32 0.00 0.00 0.00 0.00 0.95 0.04 0.08

0.41 0.24 0.36 0.32 2.84 0.18 0.10 0.47 1.25 0.05 0.08

unch + unch + unch unch + + unch

(100s)

High Low

Exc Volume

Week High

Low

329 568 270 503 48 0 80 421 253 97 328 356 408 0 320 884 51 130 126 831 144 26 224 253 17 10 10141 1 95 446 44 10 258 324 32 290 29 250 54 397 108 264 23 476 383 274 1155 77 1 0 1802 128 563 843 3318 111 547 844 2270 0 268 1245 192 11 1292 105 2 0 208 1 28 76 202 15 1179 484

0.12 0.04 0.04 0.52 1.08 0.00 0.06 0.08 0.13 0.14 0.12 0.62 0.49 0.00 0.65 0.77 0.96 0.04 0.39 0.04 0.05 0.31 0.41 0.07 0.05 66.95 67.72 72.00 0.65 0.53 0.51 0.38 0.13 0.17 0.10 0.13 0.40 0.04 5.97 7.70 0.06 0.07 0.04 0.12 0.11 0.21 0.10 0.27 0.07 0.00 0.50 0.29 0.38 0.05 0.03 0.20 0.26 0.26 0.34 0.00 0.05 0.06 0.06 0.04 105.59 0.34 0.04 0.00 0.13 0.07 0.13 0.02 5.84 4.68 0.06 0.05

0.10 0.01 0.04 0.48 0.00 0.00 0.06 0.07 0.11 0.00 0.10 0.53 0.41 0.00 0.54 0.71 0.00 0.00 0.35 0.03 0.00 0.29 0.00 0.00 0.00 0.00 65.47 0.00 0.62 0.48 0.28 0.38 0.11 0.15 0.01 0.11 0.00 0.00 4.80 6.10 0.04 0.06 0.00 0.03 0.10 0.18 0.10 0.24 0.00 0.00 0.37 0.25 0.33 0.00 0.03 0.17 0.21 0.18 0.30 0.00 0.04 0.05 0.00 0.03 102.76 0.30 0.00 0.00 0.00 0.07 0.00 0.00 5.61 4.42 0.05 0.04

140 760 1493 486 332 49 274 279 86 66 97 10 0 82 238 21 159 17 5261 615 950 156 166 632 655 20 70 0 349 177 290 215 175 410 15 835 828 0 21 87 1004 3 7 464 335 137 405 30 406 28 394 0 72 24 6 8 1533 0 6 10344 1061 232 25 142 90 53 302 1882 721 67 653 573 22 57 106 396 791 1084 530 1318 20 529 408 1265 435 10 1103 16 99 152 410 249 248 3 61 193 342 396

0.17 1.16 1.47 0.18 0.22 1.53 0.16 0.13 0.26 0.31 0.15 0.11 0.00 0.10 0.14 0.11 0.18 0.20 6.30 7.99 0.32 0.17 0.45 0.58 0.17 0.12 3.94 0.00 0.05 0.12 0.14 0.11 0.09 0.80 0.62 0.16 0.19 0.47 0.65 21.73 16.92 0.34 0.42 0.22 0.18 0.07 0.09 0.18 0.14 0.10 0.05 0.00 0.40 0.36 1.00 0.00 0.41 0.00 3.25 12.93 0.26 0.13 0.10 0.07 0.47 0.50 1.79 1.40 10.52 13.20 0.08 0.06 0.08 0.09 0.38 0.32 0.77 0.61 0.25 0.29 0.16 0.69 0.85 0.36 0.44 0.07 0.11 0.13 0.14 0.12 0.16 0.05 0.03 0.09 0.12 0.39 0.46 0.20

Last

12-month Change

High Low

0.12 unch 0.03 + 0.04 + 0.52 + 1.08 0.21 unch 0.06 0.08 unch 0.12 + 0.14 + 0.11 + 0.62 + 0.49 0.17 unch + 0.59 + 0.75 0.92 + 0.04 + 0.37 0.04 0.05 0.29 0.40 unch + 0.07 + 0.05 + 66.95 + 66.94 + 71.15 + 0.64 + 0.51 0.31 0.38 unch 0.12 0.16 0.10 0.12 + 0.40 0.04 + 5.97 + 7.56 0.04 + 0.07 0.04 unch 0.07 0.10 + 0.21 0.10 + 0.27 + 0.07 0.10 unch 0.42 + 0.27 0.36 unch 0.04 unch 0.03 + 0.19 + 0.26 + 0.24 0.33 0.26 unch + 0.04 0.05 unch + 0.06 0.04 unch + 105.21 + 0.34 0.04 0.05 unch + 0.12 0.07 unch 0.13 0.02 5.70 + 4.53 0.05 unch 0.04 unch

0.00 0.01 0.01 0.01 0.06 0.00 0.00 0.00 0.01 0.01 0.00 0.09 0.08 0.00 0.04 0.04 0.04 0.01 0.02 0.00 0.01 0.02 0.00 0.03 0.01 1.48 0.73 1.25 0.01 0.02 0.02 0.00 0.01 0.01 0.00 0.01 0.02 0.01 0.87 0.75 0.01 0.01 0.00 0.01 0.01 0.03 0.01 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.03 0.03 0.00 0.01 0.00 0.00 0.00 0.01 0.00 1.58 0.02 0.00 0.00 0.03 0.00 0.02 0.01 0.13 0.11 0.00 0.00

0.49 0.53 0.19 0.95 1.40 0.37 0.11 0.12 0.13 0.15 0.12 0.88 0.69 0.39 1.25 1.48 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.11 0.11 94.42 95.97 108.00 1.03 0.81 0.70 0.89 0.29 0.37 0.23 0.28 0.54 0.15 7.53 9.38 0.07 0.10 0.09 0.15 0.19 0.29 0.19 0.35 0.10 0.16 1.53 0.60 0.76 0.07 0.05 0.60 0.60 0.80 0.64 0.26 0.12 0.13 0.12 0.07 129.69 0.40 0.14 0.18 0.23 0.15 0.16 0.06 6.08 5.10 0.14 0.09

0.08 0.00 0.04 0.35 0.70 0.18 0.03 0.05 0.04 0.06 0.04 0.50 0.40 0.13 0.44 0.55 0.60 0.04 0.30 0.03 0.05 0.20 0.23 0.04 0.01 58.62 59.58 63.01 0.53 0.40 0.28 0.36 0.10 0.13 0.01 0.11 0.31 0.04 1.29 1.49 0.04 0.05 0.03 0.00 0.10 0.11 0.09 0.09 0.06 0.07 0.32 0.25 0.31 0.04 0.02 0.14 0.21 0.11 0.23 0.26 0.04 0.05 0.04 0.03 92.01 0.24 0.04 0.05 0.09 0.07 0.07 0.02 3.44 2.00 0.04 0.03

0.16 + 1.13 1.45 0.15 0.20 1.53 + 0.16 + 0.11 + 0.23 + 0.30 + 0.15 + 0.10 0.05 unch + 0.10 + 0.14 0.11 0.15 0.20 + 6.20 7.85 unch + 0.31 + 0.17 + 0.45 + 0.56 0.15 0.12 unch + 3.94 0.25 unch 0.04 unch + 0.12 + 0.14 0.10 0.09 + 0.78 + 0.61 0.14 0.18 0.47 unch + 0.65 20.90 16.49 0.34 unch + 0.42 + 0.22 + 0.17 0.07 + 0.09 + 0.18 0.13 unch 0.10 unch 0.05 0.45 unch + 0.38 + 0.32 0.93 0.85 unch + 0.41 0.11 unch 2.85 12.54 0.22 0.12 + 0.09 0.06 + 0.39 + 0.50 + 1.73 + 1.36 + 10.41 + 13.00 0.07 0.06 + 0.07 0.09 unch 0.36 0.28 + 0.77 + 0.61 0.21 0.27 0.15 0.59 0.75 0.33 0.42 0.07 0.08 0.11 + 0.14 0.11 0.15 unch + 0.05 0.03 unch + 0.09 0.12 unch 0.32 0.38 0.17

0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.13 0.00 0.02 0.01 0.05 0.06 0.01 0.00 0.47 0.00 0.00 0.01 0.01 0.01 0.00 0.12 0.10 0.02 0.01 0.00 0.02 0.82 0.39 0.00 0.02 0.03 0.02 0.00 0.01 0.08 0.00 0.00 0.01 0.00 0.03 0.05 0.07 0.00 0.02 0.00 0.26 0.29 0.04 0.01 0.00 0.01 0.02 0.02 0.12 0.07 0.41 0.20 0.01 0.00 0.01 0.00 0.02 0.01 0.17 0.12 0.01 0.02 0.01 0.01 0.02 0.01 0.02 0.04 0.03 0.00 0.03 0.01 0.00 0.01 0.00 0.01 0.00 0.03 0.04 0.01

0.30 2.80 3.54 0.35 0.40 1.55 0.24 0.19 0.32 0.42 0.20 0.16 0.05 0.30 0.25 0.19 0.22 0.27 9.31 11.34 0.58 0.37 0.82 0.92 0.18 0.14 4.49 0.35 0.09 0.28 0.35 0.17 0.14 0.98 2.88 0.28 0.35 0.56 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.09 0.11 0.25 0.22 0.16 0.10 0.45 1.31 0.42 1.68 1.56 0.70 0.20 7.72 20.68 0.28 0.17 0.14 0.35 0.79 1.07 4.92 3.92 10.73 14.00 0.22 0.20 0.16 0.20 1.55 1.25 2.29 1.89 0.46 0.59 0.25 0.86 1.08 0.75 0.94 0.24 0.29 0.29 0.30 0.27 0.37 0.11 0.47 0.28 0.35 0.70 0.80 0.60

0.13 0.95 1.23 0.12 0.16 1.00 0.04 0.03 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 0.16 0.28 0.35 0.10 0.08 2.00 0.20 0.04 0.04 0.12 0.09 0.07 0.17 0.18 0.12 0.16 0.44 0.45 18.95 14.92 0.16 0.20 0.06 0.01 0.03 0.06 0.00 0.09 0.03 0.02 0.45 0.22 0.09 0.89 0.00 0.36 0.09 2.75 11.15 0.03 0.05 0.04 0.06 0.35 0.41 1.56 1.20 2.35 2.83 0.07 0.05 0.00 0.08 0.33 0.26 0.56 0.38 0.13 0.17 0.11 0.26 0.25 0.28 0.36 0.07 0.07 0.02 0.09 0.09 0.13 0.04 0.03 0.05 0.08 0.24 0.33 0.16

S 0.16 1.04 1.35 0.15 0.20 0.00 0.14 0.08 0.23 0.00 0.14 0.09 0.00 0.00 0.00 0.11 0.15 0.00 5.97 7.65 0.28 0.16 0.37 0.47 0.00 0.12 3.41 0.00 0.00 0.04 0.13 0.10 0.08 0.62 0.41 0.13 0.17 0.00 0.00 20.67 16.15 0.34 0.00 0.19 0.15 0.06 0.08 0.09 0.13 0.00 0.00 0.00 0.35 0.00 0.00 0.00 0.38 0.00 0.00 12.32 0.18 0.00 0.09 0.06 0.36 0.00 1.60 1.25 9.50 12.53 0.07 0.05 0.03 0.00 0.00 0.26 0.60 0.49 0.20 0.26 0.00 0.58 0.72 0.32 0.41 0.00 0.07 0.00 0.00 0.09 0.13 0.04 0.03 0.08 0.00 0.30 0.38 0.17

GLOBAL MINING NEWS

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

Week

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

THE NORTHERN MINER / JANUARY 10–23, 2022

Low

Last

0.18 0.36 0.28 3.92 5.02 8.08 10.37 0.25 0.31 0.05 0.07 0.18 0.14 0.05 0.04 13.18 0.10 0.09 0.07 0.49 0.39 0.04 0.06 0.10 0.07 0.73 0.07 0.35 0.30 17.17 0.37 0.48 0.00 0.67 0.53 0.23 0.00 0.14 0.18 0.05 0.04 0.06 0.34 0.27 2.70 62.16 0.11 0.13 0.33 0.27 0.22 0.04 0.20 0.22 0.10 0.07 0.17 0.13 0.15 0.00 0.14 0.75 17.93 22.94 0.19 0.50 0.40 1.23 0.98 0.79 0.40 0.03 7.00 0.20 0.24 0.04 0.27 0.34 0.02 0.19 0.25 1.52 1.79 0.04 0.05 0.31 0.25 1.18 0.97 0.31 0.25 0.18 0.20 0.12 0.16 0.10 0.18 0.12 0.10 0.12 0.35 0.30 0.37 0.00 0.05 0.15 0.12 0.58 0.44 0.30 0.64 0.43 0.21 0.11 0.21 0.78

0.13 0.32 0.21 3.70 4.68 7.55 9.69 0.22 0.30 0.05 0.00 0.14 0.11 0.04 0.00 12.85 0.09 0.07 0.00 0.46 0.35 0.01 0.00 0.00 0.05 0.00 0.00 0.31 0.25 15.23 0.34 0.41 0.00 0.00 0.47 0.20 0.00 0.12 0.17 0.00 0.04 0.00 0.30 0.21 2.70 59.97 0.09 0.12 0.29 0.22 0.18 0.00 0.15 0.21 0.01 0.07 0.13 0.10 0.14 0.00 0.12 0.00 17.25 22.10 0.09 0.42 0.32 1.00 0.80 0.00 0.00 0.02 0.00 0.16 0.21 0.03 0.21 0.30 0.00 0.17 0.00 1.23 0.00 0.04 0.00 0.25 0.00 1.14 0.91 0.24 0.18 0.00 0.17 0.00 0.14 0.00 0.13 0.11 0.06 0.00 0.00 0.25 0.34 0.00 0.04 0.13 0.08 0.44 0.25 0.00 0.58 0.39 0.00 0.11 0.00 0.69

0.15 + 0.34 + 0.27 + 3.76 4.73 7.91 10.00 0.24 + 0.30 0.05 0.07 + 0.17 + 0.13 + 0.04 + 0.03 13.17 + 0.10 unch 0.09 + 0.07 + 0.49 + 0.39 + 0.04 + 0.06 unch 0.10 + 0.05 0.72 + 0.06 0.35 + 0.27 + 16.94 + 0.37 + 0.48 + 0.11 unch 0.64 0.50 0.22 + 0.09 unch 0.14 0.18 unch 0.04 0.04 unch 0.06 unch 0.33 + 0.26 + 2.70 unch 61.71 + 0.10 0.13 + 0.30 0.24 0.19 0.04 unch 0.16 0.22 + 0.05 0.07 unch 0.14 0.11 + 0.15 + 0.01 unch 0.12 0.72 + 17.70 + 22.39 0.15 + 0.45 0.36 1.23 + 0.98 + 0.79 0.40 + 0.03 6.98 0.17 0.22 0.04 0.25 0.31 0.02 0.18 0.23 unch 1.38 1.78 0.04 unch 0.05 unch 0.30 + 0.24 + 1.17 unch 0.91 + 0.31 + 0.24 + 0.18 + 0.20 + 0.10 0.15 unch 0.10 unch 0.18 + 0.11 0.07 0.12 + 0.35 + 0.28 + 0.37 + 0.28 unch 0.04 0.14 + 0.11 + 0.58 + 0.44 + 0.30 + 0.62 + 0.43 unch 0.21 unch 0.11 unch 0.21 + 0.77 +

272 739 147 4976 1047 2615 568 35 88 630 149 2316 457 611 21 198 853 696 199 734 562 208 101 24 5 234 159 564 160 629 255 223 0 81 1196 561 0 475 492 2043 8 66 788 772 1 2531 33 145 900 907 62 1 769 472 84 1541 3677 544 1039 0 171 380 4185 879 8525 2320 1987 74 22 2 6 1532 3 721 1219 1469 34 1890 152 8 18 82 123 7 95 807 84 219 14 245 585 28 117 68 196 41 391 14 321 1144 93 128 31 0 1497 939 2253 2116 178 26 32 25 4 1 338 110

(100s)

12-month

High

Change 0.01 0.01 0.01 0.08 0.25 0.13 0.14 0.01 0.01 0.00 0.01 0.02 0.02 0.01 0.00 0.20 0.00 0.01 0.01 0.02 0.01 0.00 0.00 0.01 0.02 0.05 0.01 0.02 0.01 1.08 0.03 0.04 0.00 0.04 0.03 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.02 0.00 1.51 0.01 0.01 0.02 0.00 0.03 0.00 0.01 0.01 0.00 0.00 0.02 0.01 0.01 0.00 0.02 0.14 0.01 0.52 0.06 0.02 0.01 0.08 0.07 0.01 0.06 0.00 0.42 0.02 0.03 0.01 0.01 0.01 0.00 0.01 0.00 0.02 0.01 0.00 0.00 0.05 0.03 0.00 0.00 0.07 0.06 0.03 0.03 0.01 0.00 0.00 0.05 0.00 0.00 0.03 0.01 0.02 0.03 0.00 0.01 0.01 0.01 0.13 0.10 0.03 0.04 0.00 0.00 0.00 0.05 0.05

High Low

Stock

0.51 0.90 0.68 8.55 10.93 12.88 16.37 0.64 1.00 0.13 0.17 0.34 0.27 0.09 0.07 16.49 0.35 0.25 0.21 0.87 0.70 0.12 0.16 0.43 0.38 0.75 0.25 0.78 0.64 17.17 0.54 0.66 0.20 1.56 1.25 0.23 0.10 0.32 0.39 0.07 0.11 0.13 0.38 0.30 2.92 83.29 0.49 0.31 0.70 0.55 1.39 0.10 0.39 0.49 0.16 0.21 0.80 0.36 0.27 0.03 0.17 1.05 21.80 27.79 0.20 1.19 0.99 6.50 5.16 1.12 0.60 0.50 18.00 0.39 0.51 0.06 0.28 0.36 0.08 0.27 0.33 3.56 4.05 1.00 0.14 0.32 0.28 2.67 2.26 0.92 1.00 0.59 0.75 0.29 0.35 0.21 0.32 0.26 0.25 0.33 0.50 0.41 0.52 0.41 0.09 0.33 0.26 0.52 0.44 0.90 0.72 0.60 0.55 0.21 0.28 1.41

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

V V V O T N O V V O V V O 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 Tartisan Nick* Tartisan Nick Taseko Mines Taseko Mines* TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold Tembo Gold* Tempus Res* Tempus Res Teras Res* Teras Res Terrax Mnrls* Terrax Mnrls Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res Teuton Res* Texas Mineral* Themac Res* Themac Res Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley Three Valley* Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Traction Expl Trailbreaker* Trailbreaker Trans Canada Trans Canada* Transatlantic Transforma Res Transition Met Transition Met* Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining Tri-River Vent Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold

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

0.10 0.27 0.00 3.33 4.31 6.60 8.30 0.21 0.26 0.04 0.06 0.09 0.06 0.04 0.03 10.40 0.08 0.07 0.05 0.23 0.18 0.00 0.05 0.06 0.05 0.24 0.05 0.19 0.14 5.73 0.28 0.35 0.07 0.56 0.41 0.07 0.04 0.12 0.16 0.02 0.04 0.04 0.05 0.02 1.81 54.92 0.09 0.12 0.25 0.19 0.01 0.04 0.13 0.17 0.01 0.04 0.07 0.04 0.05 0.01 0.08 0.37 13.68 17.29 0.06 0.09 0.07 0.54 0.50 0.39 0.29 0.02 0.08 0.12 0.15 0.01 0.13 0.17 0.01 0.16 0.20 1.23 1.68 0.01 0.04 0.07 0.12 1.14 0.89 0.23 0.18 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 0.12 0.08 0.09 0.08 0.26 0.40 0.34 0.19 0.00 0.07 0.62

Week

Exc Volume

Last

12-month

High

Low

Change

387 107 718 244 15574 17908 179 569 0 501 104 795 190 27 3338

0.99 0.26 0.69 0.53 32.20 25.37 0.61 0.80 0.00 0.15 0.17 0.37 0.30 0.22 2.48

0.90 0.98 + 0.00 0.24 0.53 0.69 + 0.41 0.53 + 31.31 31.65 + 24.11 25.03 + 0.54 0.60 + 0.71 0.76 + 0.00 0.30 unch 0.10 0.13 0.00 0.16 0.31 0.37 + 0.24 0.29 + 0.00 0.22 1.15 1.37 -

171 1398 12 870 102 150 1006 66 838 136 4977 167 511 70 51 436 47 561 1045 8020 195 8027 2922 6 108 293 227 553 40 40 70 220 50 105 397 948 45 20 3 50 63 688 0 9 139 22 33 214 1436 347 255 0 75 50 351 206 188 187 108 0 1 7 129 290 1171 367 31 363 451 12 416 182 628 89 35 9 808 11 7 76 76 1 5 1 110 134 143 230 73 123 0 461 0 0 152 95 50 103

0.20 0.26 0.06 0.31 0.26 0.02 0.61 7.15 0.14 0.52 0.40 0.14 0.18 0.12 0.09 0.09 0.31 0.35 2.68 2.11 0.57 29.05 37.11 38.45 0.09 0.10 0.15 0.19 0.27 0.18 0.08 0.11 0.02 0.03 0.20 0.25 0.04 0.04 0.04 2.08 2.06 2.07 0.08 0.07 1.94 0.13 0.21 0.26 0.19 0.17 0.15 0.00 0.08 0.06 0.93 0.28 0.22 0.13 0.17 0.00 0.69 0.46 0.64 0.43 0.06 0.96 0.06 0.10 0.08 1.67 0.12 10.52 13.38 0.96 0.85 0.08 0.10 0.91 0.16 0.22 0.11 0.08 0.03 0.14 0.19 0.18 0.61 0.77 8.35 0.12 0.00 1.74 0.00 0.00 0.24 0.10 0.65 0.72

Stock

0.06 0.02 0.14 0.11 0.20 0.52 0.04 0.02 0.00 0.00 0.02 0.04 0.04 0.01 0.32

1.71 0.75 1.35 1.09 34.35 26.97 0.69 0.84 0.80 0.35 0.38 0.70 0.46 0.30 2.48

0.80 0.20 0.32 0.28 21.07 16.40 0.35 0.45 0.29 0.05 0.07 0.27 0.21 0.10 0.71

0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.13 0.02 0.03 0.01 0.02 0.01 0.04 0.03 0.01 0.01 0.03 0.01 0.05 0.01 0.53 0.33 0.89 0.01 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.03 0.01 0.01 0.01 0.03 0.04 0.05 0.02 0.00 0.01 0.02 0.00 0.02 0.02 0.02 0.03 0.00 0.00 0.01 0.08 0.04 0.02 0.01 0.00 0.00 0.11 0.00 0.02 0.02 0.01 0.05 0.01 0.01 0.01 0.22 0.01 0.01 0.17 0.12 0.03 0.00 0.01 0.01 0.01 0.03 0.00 0.00 0.01 0.03 0.01 0.02 0.03 0.03 0.03 0.01 0.00 0.06 0.00 0.00 0.00 0.01 0.00 0.01

0.24 0.28 0.14 0.39 0.31 0.15 0.90 24.70 0.19 2.12 1.91 0.43 0.46 0.14 0.12 0.25 0.55 0.56 3.22 2.67 0.75 29.92 37.11 42.50 0.25 0.18 1.78 2.27 0.36 0.24 0.21 0.33 0.07 0.10 0.27 0.35 0.07 0.12 0.16 3.17 2.75 4.70 0.11 0.12 2.01 0.48 1.00 0.45 1.02 0.82 0.21 0.19 0.14 0.11 1.90 0.50 0.40 0.24 0.30 0.08 2.10 0.99 0.89 0.65 0.09 1.67 0.11 0.33 0.35 2.85 0.40 17.27 20.95 1.08 0.86 0.12 0.15 0.92 0.38 0.49 0.30 0.24 0.06 0.78 0.26 0.20 1.15 1.46 9.38 0.18 0.14 2.75 0.04 0.12 0.24 0.13 1.55 1.96

0.00 0.14 0.06 0.24 0.19 0.02 0.44 6.39 0.03 0.43 0.34 0.11 0.14 0.08 0.07 0.05 0.00 0.30 1.38 1.07 0.24 17.31 21.86 25.25 0.05 0.07 0.09 0.12 0.10 0.09 0.08 0.10 0.02 0.03 0.13 0.16 0.04 0.03 0.04 1.74 1.36 1.30 0.04 0.06 0.81 0.00 0.16 0.18 0.17 0.13 0.10 0.11 0.06 0.04 0.76 0.15 0.11 0.11 0.16 0.03 0.45 0.00 0.28 0.20 0.04 0.33 0.05 0.08 0.06 0.51 0.09 9.15 11.79 0.55 0.43 0.03 0.04 0.20 0.14 0.17 0.09 0.08 0.03 0.10 0.13 0.07 0.47 0.65 6.26 0.08 0.05 1.32 0.04 0.09 0.00 0.07 0.45 0.59

Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley* Trinity Valley Triple Flag TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res TRU Precious* TRU Precious True North Gem Tsodilo Res Tudor Gold Tudor Gold * Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res

T X O O O V T V O V O O T V O V V V V O O V 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 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* Vizsla Silver Volatus Cap Volcanic Gold* Volcanic Gold Voyager Metals Voyager Metals* Voyageur Min Voyageur Min* Voyageur Min

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

T 0.19 0.25 0.00 0.29 0.22 0.00 0.56 6.72 0.12 0.43 0.34 0.12 0.16 0.00 0.07 0.00 0.24 0.31 2.52 1.98 0.00 28.10 35.83 37.01 0.06 0.00 0.11 0.16 0.00 0.18 0.08 0.10 0.02 0.00 0.15 0.21 0.00 0.03 0.00 2.04 1.50 1.71 0.00 0.00 1.83 0.10 0.18 0.24 0.17 0.13 0.10 0.00 0.00 0.05 0.80 0.00 0.17 0.12 0.00 0.00 0.00 0.00 0.00 0.38 0.00 0.86 0.00 0.09 0.07 0.00 0.10 9.66 12.81 0.82 0.00 0.07 0.00 0.85 0.15 0.00 0.00 0.08 0.00 0.00 0.00 0.13 0.50 0.70 8.05 0.00 0.00 1.56 0.00 0.00 0.04 0.00 0.53 0.00

0.20 0.26 0.06 0.31 0.24 0.02 0.61 6.89 0.14 0.49 0.40 0.14 0.17 0.12 0.09 0.08 0.25 0.32 2.60 2.05 0.57 28.82 36.43 38.20 0.07 0.10 0.15 0.19 0.25 0.18 0.08 0.11 0.02 0.03 0.18 0.24 0.04 0.03 0.04 2.08 1.64 1.97 0.08 0.07 1.90 0.12 0.18 0.24 0.17 0.14 0.15 0.15 0.08 0.06 0.82 0.28 0.21 0.12 0.16 0.03 0.69 0.46 0.64 0.39 0.05 0.91 0.06 0.10 0.07 1.67 0.11 10.38 13.15 0.82 0.66 0.08 0.09 0.90 0.15 0.19 0.10 0.08 0.03 0.14 0.17 0.13 0.60 0.77 8.08 0.12 0.06 1.72 0.04 0.10 0.07 0.09 0.55 0.71

+ 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

223 2040 13 11 0 1590 54 111 142 289 168 122 480 433 146 225 41 4 163 171 632 236 2778 386 338 181 871

2.18 1.70 0.20 0.56 0.03 0.04 16.55 0.21 0.17 0.11 0.09 0.66 0.76 0.20 0.16 0.20 0.10 0.66 2.12 1.71 0.41 0.50 16.79 22.00 0.04 0.03 0.02

1.82 2.12 1.44 1.65 0.17 0.19 + 0.00 0.45 0.03 0.03 unch 0.04 0.04 unch 13.81 15.19 + 0.19 0.21 + 0.14 0.17 + 0.10 0.10 0.08 0.08 0.57 0.58 0.72 0.74 0.00 0.20 + 0.12 0.16 + 0.18 0.20 + 0.00 0.10 + 0.00 0.64 0.00 2.11 unch 1.35 1.62 0.36 0.40 + 0.46 0.50 + 16.13 16.45 20.59 20.80 0.03 0.04 unch 0.02 0.03 0.00 0.01 unch

98 153 60 1484 553 217 4346 40 12 846 28 761 1112 442 1304 4900 46083 20 1491 43 9382 1009 690 32352 8893 5341 615 2521 0 1531 1 399 250 31 85123 3756 278 333 914 106 10 18 355 4243 568 220 0 0 4 23 633 547 0 141 521 538 244 163 398 446 525 432 288 128 192 221 98 89 4026 1018 42 100 1663 158 303 335 172 284 8 228 213 372 263 168 2 430

9.15 0.33 0.07 15.87 0.64 0.79 0.39 0.21 0.16 0.05 0.07 0.10 0.49 0.61 0.25 0.52 23.96 0.10 0.14 6.19 1.42 1.74 0.50 3.95 0.01 2.48 5.09 4.15 0.00 0.04 0.22 0.28 0.13 0.16 14.20 0.01 0.45 0.58 0.05 0.03 0.03 0.05 0.06 0.07 0.44 0.35 0.00 0.13 0.27 0.32 0.04 0.06 0.00 0.03 2.90 0.09 0.15 11.32 14.31 0.02 0.01 0.09 0.08 0.87 0.68 0.42 0.07 0.09 0.23 0.18 0.15 0.92 0.71 0.09 0.11 0.26 2.45 3.07 0.07 0.50 0.55 0.19 0.20 0.09 0.06 0.43

Stock

0.05 0.03 0.02 0.30 0.00 0.00 1.23 0.01 0.03 0.01 0.01 0.01 0.01 0.03 0.01 0.02 0.02 0.01 0.00 0.02 0.02 0.01 0.23 0.87 0.00 0.00 0.00

3.70 3.06 0.21 0.75 0.32 0.14 16.55 0.31 0.25 0.23 0.19 1.22 1.35 0.74 0.41 0.52 0.25 1.46 3.65 3.00 0.98 1.13 21.89 26.45 0.06 0.06 0.05

1.82 1.41 0.06 0.00 0.08 0.04 10.50 0.18 0.14 0.10 0.07 0.53 0.68 0.15 0.02 0.12 0.08 0.46 1.94 1.31 0.36 0.46 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

0.21 0.04 0.01 2.57 0.01 0.06 0.01 0.01 0.00 0.01 0.00 0.00 0.08 0.12 0.04 0.02 0.66 0.01 0.01 0.28 0.11 0.16 0.01 0.07 0.00 0.34 0.36 0.17 0.00 0.00 0.04 0.01 0.00 0.01 0.11 0.00 0.06 0.06 0.00 0.00 0.01 0.00 0.00 0.01 0.03 0.04 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.48 0.02 0.02 0.42 0.19 0.00 0.00 0.00 0.00 0.12 0.12 0.02 0.01 0.01 0.02 0.01 0.00 0.04 0.03 0.00 0.01 0.02 0.07 0.04 0.00 0.03 0.02 0.03 0.03 0.01 0.00 0.00

17.40 0.70 0.10 30.20 2.36 2.97 0.60 0.28 0.23 0.19 0.32 0.42 1.46 1.80 0.25 2.56 30.57 0.15 0.21 9.75 2.15 2.72 1.68 5.79 0.27 11.45 7.31 5.95 0.70 0.07 0.30 0.40 0.29 0.18 23.18 0.20 0.50 0.61 0.44 0.09 0.12 0.10 0.13 0.13 1.34 1.28 0.38 0.27 0.47 0.61 0.07 0.08 0.13 0.12 2.90 1.00 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.98 0.79 0.55 0.30 0.38 0.95 0.74 0.24 1.72 1.40 0.31 0.39 0.70 2.87 3.45 0.20 0.55 0.69 0.36 0.32 0.35 0.25 0.50

7.81 0.11 0.03 3.24 0.55 0.71 0.24 0.08 0.07 0.00 0.07 0.09 0.06 0.40 0.01 0.47 16.13 0.06 0.06 3.15 0.74 0.94 0.42 1.51 0.01 2.11 1.32 1.04 0.22 0.00 0.15 0.18 0.03 0.11 11.16 0.00 0.16 0.22 0.04 0.02 0.03 0.03 0.05 0.05 0.38 0.29 0.16 0.00 0.27 0.31 0.01 0.04 0.10 0.03 0.79 0.01 0.03 8.60 10.90 0.01 0.01 0.05 0.04 0.10 0.07 0.32 0.00 0.07 0.03 0.02 0.09 0.77 0.59 0.06 0.08 0.15 0.99 1.26 0.01 0.26 0.30 0.11 0.00 0.07 0.03 0.25

Walker River Walker River* Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds Wesdome Gold Wesdome Gold* West High Yld West Mining* West Mining West Oak Gold West Red Lake* West Red Lake West Vault Western 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 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 Zacatecas Silv Zacatecas Silv* ZEB Nickel ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * Zincore Mtls ZincX Res ZincX Res* Zonte Metals Zonte Metals*

V O O T C O V V O V C V T O V O C C O C V V O V T X V O V T O V C O O O V O V O V C T N O O V O V O V O V V O C 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 8.55 0.00 0.00 12.35 0.55 0.71 0.33 0.00 0.16 0.05 0.07 0.09 0.10 0.48 0.16 0.47 22.73 0.09 0.10 0.00 1.20 1.54 0.45 3.34 0.01 2.11 4.48 3.50 0.00 0.03 0.00 0.00 0.10 0.00 13.51 0.01 0.39 0.50 0.04 0.02 0.00 0.03 0.05 0.05 0.40 0.29 0.00 0.00 0.27 0.00 0.01 0.05 0.00 0.03 2.32 0.07 0.00 10.71 13.81 0.00 0.01 0.08 0.05 0.66 0.49 0.39 0.06 0.00 0.18 0.13 0.00 0.00 0.64 0.08 0.00 0.21 2.25 2.86 0.00 0.39 0.00 0.00 0.01 0.00 0.06 0.43

8.97 0.29 0.07 12.48 0.58 0.73 0.37 0.21 0.16 0.05 0.07 0.10 0.38 0.48 0.21 0.50 23.81 0.10 0.10 6.19 1.22 1.54 0.46 3.35 0.01 2.15 4.58 3.65 0.26 0.03 0.22 0.28 0.13 0.16 14.02 0.01 0.44 0.55 0.05 0.03 0.03 0.04 0.05 0.05 0.44 0.35 0.18 0.13 0.27 0.31 0.04 0.05 0.12 0.03 2.80 0.09 0.13 11.25 14.25 0.01 0.01 0.08 0.07 0.87 0.67 0.42 0.07 0.09 0.21 0.16 0.15 0.90 0.71 0.08 0.11 0.25 2.38 3.02 0.07 0.43 0.52 0.18 0.14 0.09 0.06 0.43

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

(100s)

High Low

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

61 825 749 46 403 553

0.33 0.42 0.34 0.28 0.15 0.13

0.26 0.33 0.29 0.00 0.00 0.11

0.32 0.41 0.34 0.25 0.15 0.12

+ + + + + +

0.06 0.06 0.04 0.00 0.01 0.00

0.55 0.68 0.37 0.80 0.30 0.50

0.20 0.25 0.05 0.04 0.09 0.07

177 159 1075 1982 0 10 150 61 1482 342 138 166 908 402 253 148 963 105 492 4805 15 70 21 70 481 923 21 1177 829 195 1 0 142 253 66 132 261 1 1 2 542 504 1819 9830 104 140 264 0 42 49 228 49 25 308 1014 750 653 330 452 649 328 0 1091 86 244 682 61 78 948 720 1 8 4 7463 55273 3391 350 229 456 117 0 396 2245 0 150 38 17 13 4 0 612 337 140 72

0.05 0.04 0.32 0.42 0.00 0.05 0.07 0.04 0.35 0.41 0.26 0.12 11.53 9.18 0.72 0.10 0.12 0.12 0.06 0.07 1.04 1.15 2.46 0.08 2.00 1.58 0.19 0.46 0.55 0.18 0.13 0.00 2.07 1.61 1.52 0.37 0.48 0.09 0.15 0.15 0.25 0.16 55.01 43.10 0.12 0.65 0.82 0.00 0.09 2.04 0.52 0.16 0.20 0.08 0.04 0.05 0.22 0.18 0.22 0.33 0.75 0.00 0.04 0.03 0.03 0.08 0.11 0.15 0.19 0.09 0.00 0.99 0.86 5.39 4.26 0.00 0.03 0.04 1.15 0.90 0.00 4.44 5.59 0.00 0.16 0.14 0.23 0.52 0.56 0.00 0.13 0.11 0.22 0.15

0.04 0.04 unch 0.03 0.04 unch 0.28 0.32 + 0.38 0.40 0.00 0.19 unch 0.00 0.05 + 0.00 0.07 + 0.00 0.03 0.27 0.29 0.35 0.37 0.20 0.26 + 0.00 0.12 unch 10.92 11.51 + 8.61 9.10 + 0.00 0.68 0.07 0.09 0.10 0.12 + 0.12 0.12 unch 0.04 0.05 + 0.05 0.06 0.00 1.02 0.00 1.15 + 2.37 2.43 + 0.00 0.08 unch 1.90 2.00 + 1.49 1.56 + 0.00 0.19 0.39 0.39 0.50 0.50 0.17 0.18 + 0.00 0.13 unch 0.00 0.13 1.80 1.87 1.40 1.47 1.49 1.52 + 0.31 0.36 + 0.42 0.45 unch 0.00 0.09 0.00 0.15 + 0.00 0.15 unch 0.00 0.23 + 0.13 0.15 53.58 54.28 + 41.80 42.93 + 0.00 0.11 + 0.58 0.59 0.74 0.75 0.00 0.06 unch 0.00 0.09 + 1.87 1.91 0.00 0.50 + 0.00 0.13 0.00 0.16 0.00 0.08 unch 0.03 0.04 0.04 0.04 0.19 0.20 0.16 0.18 + 0.00 0.21 + 0.26 0.28 0.70 0.71 0.00 0.04 unch 0.03 0.03 0.02 0.02 0.03 0.03 0.00 0.07 unch 0.05 0.06 + 0.12 0.15 + 0.00 0.19 + 0.00 0.08 unch 0.00 0.04 unch 0.00 0.98 + 0.74 0.80 5.21 5.32 + 4.05 4.22 + 0.00 2.18 unch 0.03 0.03 unch 0.00 0.04 0.00 1.04 0.82 0.83 0.00 0.16 unch 3.87 3.88 4.86 4.98 0.00 0.14 unch 0.16 0.16 + 0.11 0.14 + 0.00 0.23 0.00 0.52 unch 0.00 0.13 0.00 0.05 unch 0.00 0.12 unch 0.09 0.10 + 0.18 0.19 0.14 0.14 -

0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.04 0.04 0.06 0.00 0.21 0.28 0.02 0.01 0.01 0.00 0.01 0.01 0.02 0.12 0.06 0.00 0.04 0.06 0.01 0.02 0.03 0.01 0.00 0.02 0.07 0.00 0.03 0.01 0.00 0.01 0.02 0.00 0.04 0.01 0.02 0.62 0.01 0.02 0.07 0.00 0.01 0.02 0.01 0.02 0.03 0.00 0.00 0.01 0.02 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.02 0.03 0.00 0.00 0.02 0.05 0.02 0.09 0.00 0.00 0.01 0.10 0.06 0.00 0.76 0.18 0.00 0.01 0.01 0.01 0.00 0.24 0.00 0.00 0.01 0.03 0.01

0.14 0.11 0.70 0.83 0.34 0.10 0.12 0.07 0.56 0.70 0.79 0.15 13.52 11.00 1.22 1.16 1.70 0.19 0.11 0.15 1.55 1.46 2.50 0.13 3.35 2.83 0.57 0.76 0.96 0.37 0.19 0.17 4.18 3.28 1.98 0.71 0.92 0.18 0.25 0.32 0.39 0.33 59.85 49.10 0.12 0.68 0.85 0.12 0.17 2.64 4.80 0.29 0.36 0.13 0.15 0.18 2.34 0.40 0.36 1.54 0.80 0.09 0.15 0.11 0.11 0.25 0.19 0.35 0.43 0.14 0.21 1.53 1.22 7.85 6.16 2.18 0.06 0.07 1.89 1.05 0.75 5.95 7.50 0.25 0.24 0.19 0.30 5.00 1.27 0.05 0.23 0.19 0.27 0.21

0.04 0.01 0.27 0.35 0.19 0.01 0.06 0.03 0.06 0.09 0.16 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 1.45 1.12 0.14 0.08 0.11 0.15 0.07 0.13 0.77 0.60 1.15 0.27 0.33 0.09 0.11 0.14 0.16 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 0.03 0.04 0.19 0.04 0.15 0.28 0.29 0.04 0.03 0.02 0.03 0.06 0.05 0.12 0.16 0.05 0.03 0.84 0.65 4.78 3.70 0.83 0.01 0.04 0.52 0.45 0.16 1.36 1.71 0.10 0.12 0.10 0.14 0.45 0.01 0.05 0.11 0.08 0.17 0.13

W-Z

BID-ASK — DECEMBER 27–31, 2021 12-MONTH STOCK

1111 Explor 79 Resources Aftermath Silv Alacer Gold Amilot Capital Aquila Res Archer Explor Arctic Fox Ven Arcturus Vent Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Baden Res Banro Corp* Boss Power Brunswick Res Bullion Gold Burrell Res C2C Gold Cache Explor Cadillac Vent Canamera Energ Cerro de Pasc Cliffs Nat Res* Crystal Peak EEE Explor Electra Stone Emperor Metals Encanto Potash Equitorial Ex Everton Res Evolution Glob Evolving Gold Excalibur Res Exploits Disc

EXC

BID

ASK

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

0.06 0.09 0.24 9.41 ... ... 0.62 0.16 0.02 0.03 0.03 0.33 0.13 0.04 ... ... 1.94 0.14 0.11 0.17 ... 0.06 0.21 ... 0.16 0.05 0.36 ... 1.45 0.01 0.20 0.01 0.10 0.06 0.08 0.10 0.50 0.30 0.09 ...

0.08 0.11 0.25 9.52 ... ... 1.24 0.28 0.03 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.15 0.11 0.20 0.05 0.15 0.49 ... 0.17 0.06 1.25 ... 3.20 0.02 0.26 0.02 0.13 0.07 0.08 0.10 4.00 0.59 0.10 ...

12-MONTH

LAST

HIGH

LOW

STOCK

0.06 0.09 0.25 9.47 0.04 0.09 0.75 0.14 0.03 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.15 0.11 0.17 0.03 0.10 0.21 0.11 0.16 0.05 0.36 0.29 1.43 0.01 0.25 0.01 0.12 0.06 0.08 0.03 2.00 0.35 0.10 0.59

0.15 0.25 0.33 10.82 0.08 0.14 1.25 0.16 0.13 0.06 0.04

0.06 0.09 0.05 3.50 0.04 0.06 0.08 0.14 0.01 0.02 0.03

0.15

0.03

0.47 0.15 2.50 0.20 2.10

0.42 0.03 0.82 0.13 0.10

0.28 0.53 0.15 0.33 0.17 0.50 0.34 7.17 0.10 0.25

0.01 0.20 0.03 0.12 0.05 0.27 0.12 0.98 0.01 0.15

0.29 0.12 0.25

0.10 0.05 0.07

2.00 1.45 0.11 0.62

2.00 0.28 0.01 0.13

Explorex Res Finore Mng GAR Limited General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Gold Port 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 Ivor Explor K9 Gold Karam Min Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lithium South MAG Silver* Mansa Explor Meryllion Res Metalo Manuf Mich Resources Minecorp Egy Montana Gold

EXC

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

BID

3.00 0.12 ... ... ... 0.06 0.15 0.07 0.12 0.02 ... 0.10 ... ... 0.02 0.04 ... ... ... ... 0.20 0.24 0.34 0.17 0.41 0.47 0.05 0.05 0.03 ... ... 0.28 0.31 12.52 0.25 ... 0.23 0.37 ... 0.09

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

3.90 0.12 ... ... ... 0.06 0.17 0.08 0.13 0.02 ... 0.12 ... 375.00 0.03 0.05 ... 0.01 ... ... 0.25 0.27 0.38 0.24 0.65 0.48 0.06 0.20 0.04 ... ... 0.30 0.34 13.30 0.25 ... 0.54 0.50 ... 0.10

4.05 0.11 0.15 0.11 0.22 0.06 0.16 0.08 0.12 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 0.32 0.24 0.51 0.48 0.05 0.10 0.03 1.09 0.24 0.29 0.31 12.52 0.19 0.08 0.55 0.37 0.12 0.10

10.50

3.50

4.13 100.00 0.28 0.07 0.36 0.11 0.26 0.05 0.32 0.15 0.45 1.20 0.04 0.06

0.13 0.10 0.16 0.06 0.12 0.04 0.10 0.02 0.22 0.02 0.06 0.48 0.02 0.02

Napier Vent Navis Res Corp New Klondike Nexco Res North Valley O2Gold Orocobre Otso Gold Patriot Batt Patriot Gold Phenom Res PPX Mining Primary Energy Prospero Silvr Quaterra Res Quinto Res Rain City Rare Element* Razore Rock Res Reliant Gold Rockland Mnls Silver Phoenix Silverstock 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

1.08 0.28 0.40 0.28 0.65 0.73 0.13 0.10 0.16

0.12 0.04 0.30 0.16 0.10 0.20 0.04 0.05 0.02

0.27 0.41 0.66 14.40 0.22 0.17 0.69 0.48 0.20 0.10

0.13 0.17 0.24 6.12 0.08 0.05 0.11 0.24 0.07 0.02

EXC

BID

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

0.06 ... 0.01 ... 0.07 0.23 ... 0.04 0.09 0.05 0.68 0.04 ... 0.55 0.15 0.05 0.06 0.11 0.11 ... 0.07 0.26 0.19 0.32 0.01 6.65 0.05 ... 0.55 0.11 ... ... 0.06 0.05 0.13 0.01 0.12 0.07 ... 0.05

ASK

... ... 0.01 ... 0.10 0.27 ... 0.04 0.10 0.09 0.71 0.05 ... 1.18 0.17 0.07 0.07 0.16 0.16 0.10 0.08 0.33 0.25 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

0.07 0.30 0.01 0.30 0.08 0.23 8.28 0.04 0.10 0.07 0.69 0.04 0.17 0.56 0.16 0.08 0.06 0.15 0.11 0.02 0.08 0.28 0.19 0.89 0.01 6.95 0.06 0.15 0.55 0.12 0.04 10.24 0.07 0.10 0.12 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.40 0.10 0.37 9.30 0.10 0.18 0.50 0.76 0.06 0.82 1.35 0.30

0.20 0.08 0.06 3.89 0.03 0.08 0.07 0.24 0.04 0.16 0.51 0.06

0.12 0.89 0.25

0.04 0.06 0.08

0.11 0.90 0.29 0.93 0.04 6.95 0.12 0.30 0.22 0.12 0.14 11.10 0.13

0.01 0.23 0.18 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 0.06 0.07

WWW.NORTHERNMINER.COM

JANUARY 10–23, 2022 / THE NORTHERN MINER

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