The Northern Miner January 21 2019 Issue

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Newmont to buy Goldcorp for US$10B M&A

| Will become largest gold company by gold production

BY RICHARD QUARISA rquarisa@northernminer.com

N Pretium Resources’ Brucejack gold mine in northwest British Columbia’s Golden Triangle region. PRETIUM RESOURCES

Brucejack, Silvertip among BC’s biggest recent successes BC GOLD-SILVER

BY BRIAN SYLVESTER

T

Special to The Northern Miner

he most recent Annual Survey of Mining Companies by the Fraser Institute ranked British Columbia seventh among Canadian mining jurisdictions. But no other province or territory has had two new precious metal mines reach commercial production less than 15 months apart over the last two calendar years.

In July 2017, Pretium Resources (TSX: PVG; NYSE: PVG) launched commercial production at its highgrade Brucejack gold mine in B.C.’s Golden Triangle, 60 km north of Stewart, British Columbia.

About 14 months later, Coeur Mining’s (NYSE: CDE) Silvertip silver-zinc-lead mine in northwestern B.C. reached the same milestone.

| Ascot tables all-share offer for IDM Mining

And not far from Brucejack, near Stewart, IDM Mining (TSXV: IDM; US-OTC: IDMMF) received its provincial environmental assessment certificate for the Red Mountain gold project, as well as a positive federal environmental assessment decision.

Brucejack consists of the Valley of the Kings deposit, which had been discovered in 2009 by Silver Standard Resources.

Under the guidance of former Silver Standard president and CEO Robert Quartermain, now Pretium chairman, Pretium had its initial public offering in 2010, and secured the rights to Brucejack.

High-grade, gold-silver mineralization at the Valley of the Kings occurs in steeply dipping and predominantly east- to northwesttrending quartz stockwork veins and breccia zones, inside a broader

halo of clay alteration and low-grade mineralization.

The result is that the gold mineralization is “nuggety,” which makes it hard to mill with predictable output.

The company watched its stock price plummet in 2017, as it struggled to reach planned production levels. But by 2018 gold production numbers climbed closer to expectations, at least until the fourth quarter.

Pretium’s Brucejack mine delivered 96,300 oz. gold in the fourth quarter to bring total gold production in the second half of 2018 to 188,983 oz. gold, or 95% of the low end of its 200,000 oz. production guidance.

The Brucejack mine produced 376,000 oz. for all of 2018, or 97% of its guidance.

In a note titled “Q4 falls short

— again,” BMO Capital Markets analyst Andrew Kaip wrote that the production miss was “attributable to lower-grade reconciliation with the 11.5 gram-per-tonne gold grade achieved during Q4/18, well below our estimate for 14.5 grams.

To compensate, PVG looks to have pushed tonnes, as 267,000 tonnes milled was above our expectation for 239,000 tonnes … we now expect Q4 earnings per share, cash flow per share and free cash flow estimates to decline by an average of 30%, and full-year 2018 by an average of 8%.”

Pretium seeks to refine its gradecontrol program over the coming quarters to improve short-term grade predictability. One method could include longitudinal longhole stoping.

ewmont Mining (NYSE: NEM) will acquire all outstanding Goldcorp (TSX: G; NYSE: GG) shares in a deal that values Goldcorp at US$10 billion to create Newmont Goldcorp, the companies announced Jan. 14, 2019.

Newmont Goldcorp will be the world’s largest gold company by gold production, free cash flow and enterprise value, defined as market capitalization plus net debt.

In 2017, the two companies produced a combined 7.9 million oz. gold. The new company is targeting 6 million to 7 million oz. gold annual production going forward, which would put it on par with Barrick Gold (TSX: ABX; NYSE: GOLD) in that category. Based on 2017 data, the new company will See NEWMONT / 8 PM40069240

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JANUARY 21–FEBRUARY 3, 2019 / THE NORTHERN MINER

Overlooking the core shack at IDM Mining’s Red Mountain gold project in northwest British Columbia’s Golden Triangle. PHOTO BY THE NORTHERN MINER

Brucejack, Silvertip among BC’s biggest recent successes BRITISH COLUMBIA From 1

“The high variability of the gold mineralization throughout the Valley of the Kings deposit is a key characteristic of the Brucejack mine, and gold production is managed with grade control, the sequence of the mine plan and the availability of stopes for optimal grade blending,” Pretium president and CEO Joseph Ovsenek said in a release. “We will build on what we have learned mining the gold mineralization at the Valley of the Kings over the first six quarters of production to further refine our grade-control program and mining methods.”

Joe Mazumdar, an analyst at the newsletter Exploration Insights, talked about grade reconciliation at the Valley of Kings deposit during an interview on Episode #29 of The Northern Miner Podcast.

“The grade reconciliation … depends on the time period you’re talking about. If you talk about a month, the [grade] reconciliation can be very volatile. Over the life of the mine, it might actually meet what the reserves say. But day to day, week to week, month to month, it may not,” Mazumdar said.

Ovsenek said the company plans to update the reserve and resource

numbers, and grade reconciliation, early in 2019.

At the end of 2018, Pretium had $45 million in cash after buying back its gold-streaming contract from Osisko Gold Royalties (TSX: OR; NYSE: OR), which had bought it from Orion Mine Finance Group.

The company also received permits to boost daily tonnage 3,800 tonnes, up from 2,700.

BMO has an “outperform” rating on Pretium and a 12-month target of $17.50. Pretium shares last traded at $9.29 in a 52-week range of $7.93 to $14.50.

Silvertip In October 2017, Chicago-based silver and gold miner Coeur Mining bought Silvertip in a US$200million cash-and-share deal for JDS Silver.

At the time only 5% of the 370 sq. km Silvertip land package had been explored. Another $50 million is payable once Coeur reaches exploration and permitting milestones.

“We look forward to continuing our exploration efforts to expand the size of this prospective, high-grade deposit, and further extend the mine life,” said Mitchell J. Krebs, Coeur’s president and CEO, in a release.

Silvertip hosts 1.61 million proven

and probable tonnes grading 289 grams silver per tonne, 8.2% zinc and 5.6% lead for almost 15 million oz. silver, 292.7 million lb. zinc and 198.65 million lb. lead.

The project hosts another 1.17 million measured and indicated tonnes grading 223 grams silver per tonne, 8.6% zinc and 4.1% lead for 8.42 million oz. silver, 222.48 million lb. zinc and 105.9 lb. lead.

Coeur milled 86,000 tonnes at Silvertip in 2018, just less than half of which was done in the fourth quarter. The mine officially reached commercial production on Sept. 1.

In 2018, the mine produced 340,000 oz. silver, 6.78 million lb. zinc and 3.91 million lb. lead in concentrate, well below the company’s 2018 guidance of 700,000 to 1.2 million oz. silver.

Coeur continues to work towards its 1,000-tonne-per-day target by the end of March. Throughput stands at 631 tonnes per day.

Added Krebs: “We have made substantial progress over the past 14 months since acquiring Silvertip, and will carry that momentum into 2019.”

In a Jan. 14 note, BMO silver analyst Ryan Thompson wrote that operationally in the fourth quarter, Coeur showed “solid production from Kensington, Rochester and Palmarejo, which was offset by weaker production at Wharf and Silvertip … [and] we are lowering our target

THE CANADIAN ENVIRONMENTAL ASSESSMENT AGENCY RECENTLY ISSUED A POSITIVE DECISION FOR THE RED MOUNTAIN GOLD-SILVER PROJECT price to US$6.50, as we have updated our Silvertip model with the Dec. 27 technical report results. Positively, Q4 showed progress at Silvertip vs.

Q3, and so far in 2019, the plant has achieved 631 tonnes per day month-to-date vs. 391 tonnes per day in the fourth quarter.”

Shares in Coeur last traded at US$4.53 in a 52-week range of US$3.80 to US$8.94. Raymond James has a 12-month target of US$9.50, while CIBC’s target price is US$8.50.

Red Mountain Nearby in B.C.’s Golden Triangle, IDM Mining is moving ahead with its Red Mountain underground gold project near Stewart.

However, in January Ascot Resources (TSXV: AOT, US-OTC: AOTVF) announced a bid to acquire all of the issued and outstanding shares of IDM in a friendly, all-share deal. Each IDM shareholder will receive 0.0675 of an Ascot share for each share of IDM held. The deal valued IDM at 8.6¢ per share as the bid was launched.

“This combination provides a critical mass and optionality for development of multiple high-grade

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gold deposits, which will result in significant stakeholder benefits for citizens of the Nisga’a Nation, for my hometown of Stewart, and for my friends in the border town of Hyder. The combined company will control two geological trends hosting significant exploration ground in the Golden Triangle,” said IDM president and CEO Robert McLeod in a release.

Red Mountain hosts a measured and indicated resource of 2.77 million tonnes grading 7.91 grams gold per tonne and 22.75 grams silver, for 704,600 oz. gold and 2.026 million oz. silver. There are another 316,000 inferred tonnes at 6.04 grams gold and 7.61 grams silver, for 61,400 oz. gold and 77,200 oz. silver.

The Canadian Environmental Assessment Agency recently issued a positive decision for the whollyowned Red Mountain gold-silver project.

The federal agency said Red Mountain is “not likely to cause significant adverse environmental effects, and the project may proceed,” but it is subject to 120 conditions that IDM must fulfill throughout the life of the Red Mountain project.

Vancouver-based Ascot is developing the Premier gold project nearby, and says it launched its bid for IDM “to create the leading highgrade gold development and exploration company” in B.C.’s Golden Triangle, and that the combined entity will “benefit from numerous operational and development synergies.”

Shares in IDM last traded at 6¢ for a $31-million market capitalization, in a 52-week range of 4¢ to 10.5¢.

Ascot shares last traded at $1.09 in a 52-week range of 76¢ to $1.65, for a $190-million market capitalization.

— Based in Toronto, Brian Sylvester is a freelance business writer specializing in mining.

2019-01-15 7:38 PM

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White Gold drills near-surface gold at Betty YUKON

BY RICHARD QUARISA rquarisa@northernminer.com

W

hite Gold (TSXV: WGO; US-OTC: WHGOF) has found near-surface gold mineralization on its Betty gold project in Yukon’s White Gold district after drilling shallow, rotary air-blast holes on the property during its mid-2018 exploration campaign. White Gold drilled more than 1,800 metres across 28 holes on six target areas at Betty in 2018. It also collected 916 soil samples, surveyed 103 sq. km with light detection and ranging, and mapped and prospected.

“In terms of a phase-one reconnaissance approach, it was successful,” White Gold CEO David D’Onofrio says in an interview with The Northern Miner.

“Once we find something prospective we bring in either an RC drill or a diamond drill,” he says.

Betty lies 145 km southwest of Dawson City. It sits on a 12 km trend of anomalous gold-in-soil grading up to 7.3 grams gold per tonne associated with both intrusion-related and structurally controlled gold targets. It’s one of 34 properties in the company’s White Gold district portfolio, which covers 4,230 sq. km, or 40% of the district.

The company found the mineralization along the eastern extension of the Coffee Creek fault. The fault hosts Goldcorp’s (TSX: G; NYSE: GG) Coffee gold deposit, which contains 36.9 million proven and probable tonnes grading 1.4 grams

| Explorer made four gold discoveries in 2018 field season

gold for 1.67 million oz. gold.

White Gold’s best intercept at Betty came from its Ford target, where it cut 1.08 grams gold per tonne over 50 metres from 5 metres downhole, including 2.24 grams gold over 9 metres from 20 metres downhole. The company has drilled 504 metres at Ford to depths of less than 100 metres across six holes covering a 220-by-160-metre area. The company designed the drill campaign to follow up on a series of west-trending structures in the area.

The 950-by-200-metre Ford target sits in the centre of the Betty property. Gold-in-soil samples collected by White Gold at Ford have graded as high as 2 grams gold.

At the project’s White target, White Gold cut gold mineralization in every hole, with results from trace to 3.61 grams gold. The company drilled 605 metres across seven holes to depths of less than 100 metres, along 670 metres of strike length, in the middle of the soil anomaly. The company has traced the gold mineralization to 90 metres below surface. It remains open along strike and at depth.

The White target sits 730 metres south of Ford, down a hill. It’s a 150 metre by 2 km northeast-trending zone where gold-in-soil samples taken by White Gold have graded as high as 1.3 grams gold.

The company is planning exploration for mid-2019. It will put together a proposal for its partners, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kinross Gold (TSX: K; NYSE: KGC), which each

Rotary air-blast drillers at White Gold’s Betty gold project in the Yukon. WHITE GOLD

own 20% of White Gold, just like it did at the beginning of 2018.

White Gold was formed in 2016 when prospector Shawn Ryan brought his portfolio of White Gold district properties to PowerOne Capital Markets, a Toronto-based, boutique merchant bank.

He had begun prospecting the area more than 10 years before, staking claims and then optioning the district to several explorers.

One became the Coffee deposit, developed by Kaminak Gold before Goldcorp bought it. Another, the White Gold property, went to Underworld Resources, which was bought in 2010 by Kinross in a $139-million, friendly takeover.

It hosts the Golden Saddle deposit, which now has more than 960,000 oz. gold in the indicated category.

Most of the properties would eventually return to Ryan, however.

During the last downturn in the market, many of the smaller companies couldn’t make their option payments. As a result, their properties defaulted back to Ryan

— along with the data from their own exploration.

“Shaw n ca me to PowerOne and said he needed three years to do his preliminary exploration,” D’Onofrio says. “He said he thought he could cover the package of exploration for $15 million, and asked if we would be interested in backing him on that basis.

“We called a bunch of the majors who we were close with and selected Agnico to be our partner.

They invested $15 million for 20% of the company.”

He says White Gold then started operating like a major. It didn’t need to rush to drill targets or drum up excitement to raise money.

Instead, it did more geochemical and structural work.

In 2017, it reached out to Kinross, asking them to roll their White Gold project back into White Gold and become a 20% owner and equal partner with Agnico.

Kinross agreed.

In 2018, it started step-out diamond drilling on the White Gold

property, finding high-grade gold mineralization 2 km east along trend of Golden Saddle at a target called Ryan’s Showing. The discovery hole cut 20.64 grams gold over 6.1 metres from 84 metres downhole.

It also found gold mineralization at the Vertigo target on its JP Ross property. Following up on results from a GT Probe, the company cut 22.47 grams gold over 31 metres, including 59.3 grams gold over 3 metres from surface.

The company uses the GT Probe instead of trenching. It gives White Gold a sample of the first foot or so of bedrock, with minimal ground disturbances. It’s a technology developed by Ryan’s GroundTruth Exploration, where Ryan’s wife, Cathy Wood, is a director.

White Gold is waiting on more exploration results from its JP Ross and White Gold gold properties.

It intends to keep growing Golden Saddle this year, while diamond drilling Vertigo and Betty. It will continue reconnaissance drilling, soil sampling and structural work across the district.

“Things really couldn’t be going better,” D’Onofrio says. “The government’s supportive, the First Nations who we work very close with have been fantastic, we’ve got two majors who are partners — and exploration wise, we made four discoveries in one season, which even exceeded our own expectations.”

Shares of White Gold are trading at $1.59 in a 52-week range of 54¢ to $2. The company has a $183-million market capitalization. TNM

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Gerald Riverin

Yorbeau Resources has a new trading symbol, TSX: YRB

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Please visit our website at: www.yorbeauresources.com

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Newmont-Goldcorp merger rocks gold industry GOLD

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| Newmont to retake crown from Barrick as world’s largest gold miner

T

he new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining’s blockbuster US$10-billion deal to acquire Goldcorp, and regain top spot from Barrick Gold among global gold miners.

Barrick had entered 2019 on a roll, having completed its own US$5.4-billion acquisition

BY JOHN CUMMING of Randgold Resources in a kind of reverse jcumming@northernminer.com takeover at the management level, with Randgold CEO Mark Bristow and his team taking the reins of the larger but somewhat adrift Barrick.

Barrick’s market capitalization stood at a gold industry-leading US$21.5 billion on Jan. 15, versus a combined US$25.4 billion for Newmont (US$16.5 billion) and Goldcorp (US$8.9 billion) on that day.

For Barrick and Newmont shareholders, this compares favourably with the market caps for the rest of the pack of major gold miners: Newcrest Mining, US$13.2 billion; Polyus Gold, US$10.7 billion (notably holding 68 million oz. in gold reserves, the world’s secondlargest); Agnico Eagle Mines, US$9.2 billion; AngloGold Ashanti, US$5.2 billion; Kinross Gold, US$3.9 billion; Gold Fields, US$2.9 billion; B2Gold, US$2.8 billion; Yamana Gold, US$2.3 billion; and Iamgold, US$1.7 billion. (Russia’s Nordgold is no longer publicly traded.)

Still, a Newmont-Goldcorp will be dwarfed by the world’s three largest mining companies: BHP Group, US$114 billion; Rio Tinto, US$85 billion; and Vale, US$74 billion.

With the offer for Goldcorp being so large, the appearance of any rival bidder is unlikely, as Barrick stays busy optimizing its assets, and the base metal supermajors show zero inclination to increase their exposure to gold.

So, barring any further mega-merger in the mid-term, Barrick should retain the crown as world’s largest gold miner by market cap and gold production for around half a year, until the NewmontGoldcorp deal closes.

After that, Newmont-Goldcorp is targeting sustainable production of 6 million to 7 million oz. gold annually from a reserve base in the neighbourhood of 121 million oz. gold. This compares with Barrick’s output, which will likely dip below 6 million oz. in 2020, if it goes through with its asset sales.

These projected output levels are well off Barrick’s all-time annual production record for gold miners of 7.7 million oz. gold in 2010 and 2011.

The view in the gold industry is that, with its takeover amid recent multi-year share price lows, Goldcorp is finally paying the price for overpaying for many acquisitions and for chronic underperformance in mine development and ramping up of new mines.

These are two problem areas that play to Newmont’s strengths as a careful allocator of capital and a technically savvy mine developer.

The biggest downside of the Newmont-Goldcorp deal is in the hearts of the Canadian mining industry, as it loses yet another head office and all its interesting and high-paying jobs, and spinoff effects, to yet another larger, foreign buyer.

The first wave of corporate hollowing-out was in the base metals sector, and it started last decade with the disappearances of Inco, Falconbridge and Alcan, plus steelmakers Dofasco and Stelco. The second wave — less than a year after Canadian nationalist and Barrick founder Peter Munk’s death — is now hitting the remaining goldsector head offices, with Barrick’s head office presence cut to the bare minimum in Toronto, and Goldcorp’s Vancouver office to be turned into a Newmont regional office.

Most of the largest mining head offices still left in Canada are there only because of unusual circumstances: Cameco’s special national security status as a uranium producer; Nutrien’s prairie presence due to the federal government’s blocking of the sale of PotashCorp to BHP; Teck Resources’ B shares that prevented any hostile bid; and Lundin Mining’s strong connection to the Lundin family.

If there’s one certainty, it’s that the gold sector is ripe for more consolidation — particularly if Barrick and Newmont’s newest deals become as value-creating as advertised. We would look to AngloGold making bold moves this year as it seeks to cut all ties with its South African roots, and as new CEO Kelvin Dushnisky settles into his job and seeks to make his mark, and perhaps even to show up his former colleagues at Barrick, where he was effectively pushed out of a leadership role in mid-2018 to make way for Bristow’s ascendancy. TNM

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Editorial. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Metal Prices. . . . . . . . . . . . . . . . . . . . . . . . 11

Professional Directory. . . . . . . . . . . . . . . . 9 Stock Tables. . . . . . . . . . . . . . . . . . . . . 10-15

COMPANY INDEX Agnico Eagle Mines. . . . 3,6 Asanko Gold. . . . . . . . . . . . 6 Ascot Resources. . . . . . . . . 2 Auryn Resources. . . . . . . . 6 Barrick Gold. . . . . . . . . . . . 1 Coeur Mining. . . . . . . . . . . 1

Goldcorp. . . . . . . . . . . . . 1,3 IDM Mining. . . . . . . . . . . . 1 Kinross Gold. . . . . . . . . . . . 3 MMG. . . . . . . . . . . . . . . . . . 6 Newmont Mining . . . . . . . 1 Orion Mine Finance

Group. . . . . . . . . . . . . . . .

Osisko Gold Royalties. . . .

Pacific Empire Minerals. . . . . . . . . . . . . .

Pretium Resources. . . . . . .

White Gold. . . . . . . . . . . . .

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Bright lights at end of long tunnel for lithium METALS COMMENTARY

| More weak prices in 2019

BY WILLIAM ADAMS Special to The Northern Miner

C

old water was thrown on the lithium market in 2018, with prices falling and lithium miners’ equity prices falling alongside. We at Fastmarkets believe the price weakness has been front-loaded, with the market deleveraging into the prospect of two to three years of supply surplus.

We expect more price weakness in 2019, though not as much as in 2018. However, it may take a while for a bullish price outlook to return, as the significant supply response in 2018 — which is forecast to continue in 2019 — now means the bulls will have to wait for demand to outstrip supply again.

Given electric vehicles (EV) are positioned at the early stage on the S-curve pattern of innovation, the demand outlook is exceptionally strong. Therefore, Fastmarkets is bullish for lithium demand over the next two to three decades.

Small, fast-growing markets tend to have exaggerated boom and bust cycles, and 2019 to 2023 could be years of oversupply for lithium. But after that, supply will likely once again struggle to keep up, with the strong compound average growth rates (CAGR) that are expected to drive the EV and energy-storage system (ESS) markets.

While 2023 seems far away, given the likelihood that we may be surprised by even stronger EV and ESS uptake, we should be prepared in case a supply deficit returns before 2023.

Regional price trends There are no benchmark or exchange prices for lithium yet.

Fastmarkets MB focuses on spot prices in China and spot seaborne price of cost, insurance and freight (CIF) of China, Japan and Korea (CJK), and duty paid Europe and United States. In addition, there are freight-on-board (FOB) South America prices, which price producers establish for their long-term contracts.

The year 2018 has seen spot Chinese ex-works and CIF-CJK seaborne lithium price fall 53% and 27%, while producer prices and FOB South America have

for most of 2018 avoided falling — but early signs show they have weakened in the fourth quarter.

It should be remembered that FOB prices had not climbed to the heights seen in spot prices.

In fourth-quarter 2017, CIF-CJK prices averaged US$18.44 per kilogram, while Orocobre’s FOB price over the same period averaged US$11.55 per kilogram. During the third quarter, 2018 CIF-CJK prices averaged US$17.25 per kilogram, while Orocobre’s FOB price averaged US$14.70 per kilogram. The narrowing of the price difference highlights how FOB prices have converged with the spot price.

Prices lower on supply response Fastmarkets says that 90% of the price weakness in 2018 has been down to the supply response that has seen five hard-rock producers start up this year, and, as they ramp-up for next year, supply could once again grow at a faster rate than demand.

Having seen five producers start in 2018, Fastmarkets expects a bit of a lull in 2019, with the focus being Nemaska’s scheduled start-up in the second half of the year, plus some Chinese start-ups, too (i.e.

Minmetals and Zangge Holdings).

That said, incremental increases are expected at existing producers and those that started in 2018 are expected to continue ramping up. We expect processed lithium supply to increase 87,000 tonnes — reaching 387,000 tonnes in 2019.

While supply tends to grow in batches, demand growth could be far more consistent and exponential.

Demand-exponential growth Indeed the surge in new lithium production in 2018 has to some extent masked the growth in EV sales.

New electric vehicle (NEV) sales in China increased 76% in the first 10 months of 2018, U.S. plug-in sales were up 72% over the same period, and in Europe, plug-in electric vehicle sales increased 35% over the first nine months of the year.

Across China, the U.S. and Europe, plug-in sales have increased See LITHIUM / 8

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The treasure of Leija Cave ODDS ‘N’ SODS

BY KEITH LASKOWSKI Special to The Northern Miner

A

fter spending 17 years with Newmont Mining as a senior exploration geologist, and being transferred twice in the same year (1997), I decided it was time to strike out and do something new.

As fate would have it, later that year I landed a most interesting job with a privately funded, startup mining and energy exploration company.

The company was owned by Mr. Mohamed Al Fayed, a wealthy Egyptian business man who resided just outside of London. Mr. Fayed — or the “Chairman,” as we called him — had lost his son in a car accident earlier that year with Princess Diana.

The Chairman owned a network of more than 30 businesses covering a wide range of enterprises. These included things like the Harrods Department Store in London, the Ritz Hotel in Paris, Fulham Football team, and all manner of enterprises.

He had previously been a director of Lonrho (London-Rhodesia Mining), and had some familiarity with mining and exploration. He had also done business in the Persian Gulf.

The new company was named Harrods Natural Resources Inc. and the business was built around a unique strategy for the time. The Chairman had observed rapid advances in satellite technology, specifically remote sensing, and noted the applications for mineral and oil exploration.

He hired away a team of topnotch geologists and remote sensing specialists from Chevron Resources and they established an office just outside of San Francisco in a lovely enclave known as Walnut Creek.

I was brought in to optimize and integrate the remote sensing technology with exploration opportunities and lead the exploration program.

The Chairman had a vast network of connections around the world, and my first two years were filled with country and propertyscale evaluations leveraging these contacts.

We began with a large program in Mongolia, which was just opening up and ideally suited for remote sensing. We then worked our way through Southeast Asia, bits of Africa and down into Latin America, culminating in a sizeable program in Peru.

In early 2000, I moved to London and based my office next to the Harrods store.

Unusual situation On a Monday in April I had just returned to London from a business trip when I received three phone messages about a very unusual situation in Thailand. I was instructed

| Harrods’ Al Fayed helps Thai PM hunt for lost WWII booty

LEGEND HAD IT THE JAPANESE MILITARY HAD DRIVEN A LOCOMOTIVE AND BOGEY CAR FULL OF GOLD INTO THE CAVE, BEFORE BLOWING THE ENTRANCE SHUT. to stop by the Chairman’s office immediately for a briefing but be ready to travel as soon as possible.

I learned that we had been contacted by one of the Chairman’s friends from Thailand, and that there were stories in the news about a Thai Senator searching for a lost treasure. He was from Kanchanaburi state, near the Burmese border, and had heard a rumour that had been circulating for many years.

As background, towards the end of World War II, the Japanese military had built a railroad that crossed Thailand and connected to Burma (Myanmar). As the Japanese advanced, they had collected hoards of treasures and gold. As things began to deteriorate, the retreating army needed a place to hide their spoils. These were the same soldiers that supervised the building of the “Railroad of Death,” which included the bridge over the River Kwai (made famous in the movie with the same name). More than 100,000 people had reportedly died building the railroad, many were prisoners of war taken by the Japanese — including many U.S., Australian and British soldiers.

(My father had served in the Pacific Theatre and one of my earliest memories was watching that movie in a drive-in theatre.)

The Thai Senator reported he had evidence that 2,500 tonnes gold (80 million oz.) and more than US$100 billion in U.S. savings bonds had been found in a local cave, named the Leija Cave. The site was famous, and located within a national park.

Legend had it that the Japanese military had built a railroad spur from the main line into the cave and later drove a locomotive and bogey car full of gold into the cave, before blowing the entrance shut.

The Senator said there were indications the cave had not collapsed far past the portal, and he was petitioning the national government to excavate and reopen the cave entrance.

Thailand’s Prime Minister became engaged by the story and was on record supporting the Senator’s story. Thailand was suffering a major economic crisis after a real estate col-

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The River Kwai Bridge in Kanchanaburi, Thailand, which was part of the “Railway of Death” from Bangkok to Myanmar, built during World War II. ISTOCK/DANNYMARK

lapse and devaluation of the national currency, and the Prime Minister said that the treasure could be used to wipe out the national debt.

Friends The PM was a personal friend of the Chairman and familiar with our remote sensing technology.

Furthermore, he was quoted in the newspapers saying that he had “friends” in San Francisco with a satellite that could see deep below the surface of the earth, and he had contacted them to help explore the collapsed cave.

As is the case with new technology, particularly satellite imagery, the details and capabilities of the tool are often misunderstood.

The PM’s office had contacted us to help them with the search.

He wanted us to look beneath the ground and find the train, and, more importantly, the treasure.

At first, I was convinced that this was a hoax. I told the Chairman, my boss, that there was definitely no treasure and he told me to “give the PM what he needed.”

So it looked as though I was heading to Thailand.

I recommended we meet with the PM to explain the problem with his ideas and explain the realities of satellite imagery.

In the meantime we prepared the best available imagery of the area, to lend credence to the PM’s public statements.

By Thursday that week, the Thai police had arrested five men trying to sell fake U.S. savings bonds, and the PM was being mocked in the press.

I flew to Bangkok that Saturday with two colleagues, and by the Monday morning our Landsat images arrived at my hotel.

Upon close examination of the imagery and accompanying maps, I confirmed that the cave theory was at least plausible due to the cave’s location within a kilometer of the main railroad line to Myanmar along the River Kwai.

That night our team met with the PM, and I attempted to explain the situation and why the satellite data could not penetrate beneath the earth’s surface.

The monk and the cobra It was clear to me that the PM was infatuated with the legend. I’m no expert on religion, but Buddhism seems like it contains many lessons that are taught with colourful and imaginative stories. This one seemed to fit the bill.

The PM told us about the Senator’s story. The Senator said that he had spoken to an elderly Buddhist monk who had entered the cave by crawling through a small opening.

Once inside, he met a large cobra guarding another small opening just past the entrance.

The monk explained to the cobra that he wanted to go in and look around, and the cobra let him pass.

Deeper inside, the monk said he found a locomotive with an attached cart loaded with gold, though he made no mention of the savings bonds. He added that the train was surrounded by the skeletal remains of soldiers slumped on the ground after committing hara-kiri — their swords still lodged between their ribs.

This was a fantastic story, and difficult to ignore. But I tried to stay on mission. We were here to help him out.

Addressing the PM’s desire to evaluate the cave from the surface, I explained that we could figure out where the cave went and determine if there was anything resembling a train inside, but that it would be a very elaborate operation.

Without getting into the finer details, I suggested we could start with some simple geophysical surveys that could determine if there was a conductive set of rails or a large metallic train buried in a mountain.

But to do so, we would have to clear cut lines through the jungle of the national park. Not a major

problem for us, but it would certainly attract a lot of attention and impact the jungle.

At the same time that I was explaining this strategy, I was digesting the situation: we had the Prime Minister of the country trying to solve the nation’s financial crisis by dreaming about a train lode of gold left by retreating soldiers. Then I had my boss, who had been somewhat misquoted about the power of satellite technology.

Nonetheless, the PM was expecting a solution. We needed a plan that would protect the PM’s reputation, as well as the Chairman’s.

I felt jet lagged. I tried to remove all the elaborate storytelling and get down to something resembling logic.

Then it hit me The most obvious thing to do was to enter the cave and see what was there. I pitched this idea to the PM without consulting my colleagues.

Then I mentioned to him that there were many professional cave explorers, and people who like to do this sort of thing for fun may be better suited for the task.

I suggested that because this was such an exciting story, he should contact a group like the National Geographic Society, as they love these types of adventure stories.

It struck me as a safe political move.

Everyone seemed to like this idea, and our meeting was soon over and our team returned to the hotel.

The next day the Prime Minister left the country for a visit to Malaysia and Vietnam.

On the Wednesday, I delivered a summary memo containing our observations and recommendations to the PM’s office, and he returned to Bangkok by the Thursday evening.

The next morning, I awoke early at 5:30 a.m. and turned on the television only to hear a CNN presenter state: “The Thailand Prime Minister has asked the National Geographic Society to help him evaluate a network of caves that may contain World War II treasures, left behind by retreating Japanese troops…”

This was also written in the headlines that rolled across the bottom of the television.

Later in the day I saw similar stories in all the national papers.

I returned to London that evening with my colleagues.

As for the cave, nothing was ever heard about it again. The story dried up and blew away, and the PM went on to bigger problems.

—Ba sed in Vancouve r, Ke ith Laskowski is a geologist specializing in exploration and resource evaluation. He is currently vicepresident of technical services at Sandstorm Gold.

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2019-01-15 7:38 PM

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Auryn finds copper zone at Sombrero in Peru EXPLORATION

| Junior plans to drill project for first time in mid-2019

BY RICHARD QUARISA

A

rquarisa@northernminer.com

uryn Resources (TSX: AUG; NYSE-AM: AUG) has found a zone of oxide copper mineralization at the Milpoc prospect, 12 km south of the Sombrero Main target on its Sombrero North copper property in Peru. Rock samples it collected at the 1.2 km by 500 metre Milpoc graded as high as 8.75% copper and 101 grams silver per tonne.

Auryn optioned the 1,200 sq. km Sombrero copper-gold project in July 2016 from geologist Miguel Cardozo.

It consists of the Sombrero North and Sombrero South properties.

To acquire 80% of Sombrero, the company must spend US$2.1 million on exploration over five years and pay Alturas $200,000.

At the time, Cardozo was running a company called Alturas Minerals that ran out of money during the market downturn post 2011. Cardozo never had a chance to sample the project in detail, but would go on to join Auryn as its Peruvian exploration manager.

In an interview with The Northern Miner, Auryn executive chairman Ivan Bebek calls the project a “highly overlooked” opportunity.

Several companies considered it before Auryn, but all eventually shied away — in part, Bebek says, because of an iron mine on inlying concessions that private company Aceros Arequipas was running.

“Normally you see iron and gold, but if you went there, and we did early on, we found tons of copper,” Bebek says. “We started to find multipercent copper in the tailings and in the area around where they were mining iron.”

In late 2018, the company optioned Aceros’ inlying concessions.

If Auryn completes its earn-in, it will form an 80-20 joint venture with Aceros on the 5.2 sq. km Aceros concessions, as well as 46 sq. km of Auryn’s surrounding land position.

Under the agreement, Auryn will have to pay Aceros US$800,000 and spend US$5.15 million exploring the optioned concessions over the next four years.

The company now has five targets at Sombrero: Sombrero Main, Nioc, Good Lucky, Totora and Milpoc.

“It’s going to take us 18 months to find out if one of these is another Peruvian giant, or if potentially more than one of them are,” Bebek says.

Shortly after picking up Sombrero, Auryn found the Good Lucky target.

Good Lucky is in the side of a cliff, where a skarn body and plenty of sulphide is exposed. The company intends to eventually drill into the side of the cliff, where adits indicate historic copper mining.

“The reason why it wasn’t discovered in other places is there’s a widespread layer of volcanic cover,” Bebek explains. He says the volcanic cover is likely the second reason other companies passed over the project.

It took Auryn more than a year to finish its first major community agreement (CA) at Sombrero. The CA helped it explore the southern part of the project. It has since started a second major CA, which it aims to finish by mid-February 2019. It will then continue trenching its project.

That agreement covers the northern part of the project.

“These were the hold ups for Sombrero,” Bebek says. “We’re an aggressive group, and we would have loved to have been here much sooner, but we didn’t want to rush

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A geologist collects a sample at the Totora target on Auryn Resources’ Sombrero copper project in Peru. AURYN RESOURCES

our community access. We took the time to create long-term, pristine relationships under Miguel’s guidance.”

So far, Auryn has had about a year of on-the-ground work at Sombrero consisting of trenching, geochemical analyses, magnetic surveys and geophysical surveys. It’s in the process of permitting 40 drill pads. It submitted its drill pad application last August, and hopes to start drilling in May or June of 2019. Ivan says the company would like to start with a 12,000- to 15,000-metre drill campaign. The extra drill pads give the company optionality as it progresses the project.

“The reason we want to be aggressive here is because of the scale,” Bebek says.

Due to the limits of its first CA, Auryn has so far focused on Sombrero Main. It has not done any work on Nioc, the strongest chargeability

signature on the project, which sits 2 km north of Sombrero Main on one of the recently acquired Aceros claims.

“We’ve sampled 5 grams gold, 9% copper on surface,” Bebek says.

“It has got a lot of mineralization outcropping and we’re just getting access to that now.”

Further northwest of Good Lucky, at the Totora target, the company can see porphyry outcropping for 50 metres.

“We feel that there’s tremendous potential at each of these targets,” Bebek says. “Taking all those five targets into consideration, now you’re looking at a district.

“The one thing that makes the hair stand on the backs of our necks is that you’re in the territory of some of the largest porphyry skarn deposits in Peru.”

He’s referring to MMG’s Las Bambas copper mine. Auryn in-

terprets Sombrero as being on the northwestern margin of the belt that hosts Las Bambas. Las Bambas produced more than 453,000 tonnes copper concentrate in 2017.

In the first three quarters of 2018, Las Bambas produced more than 273,000 tonnes copper concentrate.

Auryn is composed of former Keegan Resources and Cayden Resources members, including Bebek, who co-founded both companies.

Keegan would go onto become Asanko Gold (TSX: AKG; NYSEAM: AKG) after developing the Asanko gold mine in Ghana; Cayden sold itself to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) for $205 million after finding and developing the El Barqueno gold project in Mexico.

In 2015, Auryn acquired the Committee Bay gold project in Nunavut, and shortly after six other projects, including Sombrero. Sombrero and

Committee Bay are its two flagship projects.

The company has spent four years and $45 million exploring Committee Bay. The company hopes to drill the project mid-year as well, with help from an artificial intelligence platform it has developed to identify drill targets. As of a 2017 resource estimate, Committee Bay has 2.07 million indicated tonnes grading 7.85 grams gold for 524,000 oz. gold, as well as 2.9 million inferred tonnes at 7.64 grams gold for 720,000 oz. gold.

The company is funded to the end of April 2019, but would either need to raise money or sell an asset to turn drills by mid-year. It’s not looking to raise money, but is “very mature” in negotiations for selling one of its assets.

Shares of Auryn are trading at $1.24 in a 52-week range of $1.14 to $2.17. The company has a $112-million market capitalization. TNM

2019-01-15 7:38 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 21–FEBRUARY 3, 2019

7

Logging operations on the Nilkitkwa copper-gold property in central British Columbia, which Pacific Empire Minerals has optioned. PACIFIC EMPIRE MINERALS

Pacific Empire builds substantial land position in BC’s Babine district COPPER-GOLD

BY RICHARD QUARISA

P

rquarisa@northernminer.com

acific Empire Minerals (TSXV: PEMC) has consolidated 90 sq. km of contiguous claims in central B.C.’s Babine copper-gold porphyry district into its Paragon copper-gold project after joining its Wasp property and newly optioned Nilkitkwa property with six claims of freshly staked ground.

Rock sample assays from a due diligence program at Nilkitkwa include 1.89% copper and 0.2% copper. The six claims total 6.3 sq. km and will cost the company $65,000 in cash and 500,000 shares in staged payments over four years. The vendors will retain a 2% net smelter return royalty that the company can halve for $1.5 million.

The company says it had always been interested in the area because of its potential for copper porphyry deposits with significant gold credits.

Then, late last year, that interest intensified.

“What happened in the fall of 2018 is that during the course of road building activities for logging operations, a local prospector was fortunate enough to discover new copper mineralization in the road cuts,” Pacific Empire president and CEO Brad Peters says in an interview with The Northern Miner.

“That was just to the south of our Wasp property, so our geologist went up and had a look, and he was certainly able to confirm the presence of strong quartz sericitepyrite, and that we were looking at the right geology.”

Shortly after, it optioned another 50 sq. km in the nearby Sat copper property. Sat sits within 15 km of the past-producing Bell and Granisle copper mines. Paragon covers four copper-gold prospects lying within 30 km of Bell and Granisle. Those mines were associated with biotite feldspar dikes, and as a result, Pacific Empire is targeting the same kind of geology with its exploration at

1-8_JAN21_Main .indd 7

| Junior to start vetting targets in 2019

“GENERALLY SPEAKING, PROSPECT GENERATORS DON’T DRILL ... WE’RE ONE THAT DOES.” BRAD PETERS PRESIDENT AND CEO, PACIFIC EMPIRE MINERALS

Paragon.

Noranda Mines operated Bell from 1970 to 1992. It bought Granisle — 8 km southeast — in 1979, and combined the operations to form the Babine Division of Noranda.

Past operators have drilled more than 3,000 metres at Sat, taken 180 line km of induced-polarization surveys, collected more than 3,500 samples and performed ground and airborne geophysics. The option will also cost the company $65,000 and 500,000 shares over four years — but the property vendors only hold a 1% interest in Sat that the company can halve for $500,000.

The two projects join the company’s pre-existing Bulkley and Bull’s Eye copper-gold properties to raise Pacific Empire’s land holdings in the area to just over 170 square kilometres. The four projects form the company’s Bulkley initiative — its flagship project.

“We will be dedicating the majority of our exploration efforts in that area,” Peters says. “We’ll be advancing other projects as well, as we have a portfolio with a large number of projects, but that’s our focus, and certainly the area that we’re most excited about.”

The company will start vetting the targets in 2019 ahead of a potential reverse-circulation (RC) drill campaign. Part of the vetting process will include surveys with a passive seismometer, which the company began incorporating last year.

“It was really a game changer for us,” Peters says. “It helps us guide our drilling, allows us to avoid holes with excessive overburden. You don’t want to spend time in area where the overburden is too deep. It just wastes our time. We’ll be doing a

number of seismic surveys to help best identify the drill targets that are suitable for our RC drill.”

The company has its own RC drill, which it says not only helps keep costs down, but gives it more

freedom in terms of how it follows up on targets. The company can drill for $2,500 per day, and aims for $30 per metre, all-in.

“What separates us is that, generally speaking, prospect generators don’t drill,” Peters says. “We’re one that does. And we believe that by advancing our properties cost effectively through drilling, we have greater flexibility of options in terms of bringing a partner on, and it gives us flexibility, in terms of, if a project is not ready for a partner. We’re able to go drill the property and bring it

to that level.”

Shares of Pacific Empire are trading at 5¢ in a 52-week range of 5¢ to 20¢. The company has a $2-million market capitalization and $500,000 in the treasury.

“This is an area that we’ve been looking at for some time, and it’s really only recently that this area has become opened up again,” Peters says. “We’re just fortunate to be able to get a significant land position in the area, and look forward to testing all of the projects on our targets there one day.” TNM

A strongly altered roadcut outcrop at Nilkitkwa. PACIFIC EMPIRE MINERALS

2019-01-15 7:38 PM

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JANUARY 21–FEBRUARY 3, 2019 / THE NORTHERN MINER

Newmont to buy Goldcorp for US$10B NEWMONT From 1

generate more than US$1.6 billion in free cash flow and have a US$32billion enterprise value.

Barrick and Randgold merged last year in an $18.3-billion deal that valued Randgold at US$6.5 billion. The new Barrick has the highest margin for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) among senior gold companies.

Under the latest deal, Newmont will acquire all outstanding Goldcorp shares for 0.328 of a Newmont share and 2¢ for each Goldcorp share. The deal represents a 17% premium based on the companies’ 20-day, volume-weighted average share price on Jan. 11, 2019.

“This is not a deal that we have to do, this is a deal that we want to do,” Newmont CEO Gary Goldberg said during a conference call hosted

by Newmont and Goldcorp.

The two companies expect the deal to close in 2019’s second quarter. Newmont and Goldcorp shareholders will own 65% and 35% of the new company.

Newmont Goldcorp expects to divest between US$1 billion and US$1.5 billion in assets over the next two years. It has not said which assets it might sell.

“We’re going through a process similar to what we followed over the last six years at Newmont, looking at value and risk, looking at whether we can improve the value or reduce the risk on assets and then make a decision as to which assets we would continue to operate or not,”

“AT FIRST BLUSH, I LIKE THE DEAL.” PIERRE LASSONDE CHAIRMAN, FRANCO-NEVADA

Goldberg said.

In 2017, Newmont and Goldcorp produced 5.3 million oz. gold and 2.6 million oz. gold. They closed 2017 with 68.5 million oz. gold and 52.8 million oz. gold in reserves and 34.2 million oz. gold and 35.2 million oz. gold in resources. That year, Newmont and Goldcorp recorded US$2.6 billion and US$1.7 billion adjusted EBITDA and US$774 million and US$658 million in net income. In a research note, Moody’s Investors Services points out that the new company will have the largest reserve and resource base of all global gold mining companies.

While Goldcorp has not provided its 2019 production guidance — it cancelled its Jan. 18, 2019 Investor Day — Newmont earlier announced it expects to produce 5.2 million oz. gold in 2019, with production declining to 4.9 million oz. gold in 2020, and as low as 4.4 million oz. gold by 2023.

Goldcorp produced 2.2 million oz. gold in 2018 while Newmont produced 3.6 million attributable oz. gold in the first three quarters of 2018, but has not yet announced its 2018 full-year production numbers.

Goldberg and Newmont president and chief operating officer Tom Palmer will keep their roles in Newmont Goldcorp and pick

Pouring gold doré at Goldcorp’s Cerro Negro gold mine in Argentina. GOLDCORP

the other management members.

The companies expect to finish merging by 2019’s fourth quarter, at which point Goldberg plans to retire, and Palmer will become Newmont Goldcorp’s president and CEO. Goldcorp chairman Ian Telfer will become deputy chair of the enlarged company while Newmont chair Noreen Doyle will remain chair.

There doesn’t appear to be a place for Goldcorp president and CEO David Garofalo in the new company, though he is reportedly due to receive at least US$6.9 million upon his exit.

Newmont Goldcorp will be a

Delaware corporation, still listed on the New York Stock Exchange under the symbol “NEM,” with its headquarters remaining in the Denver suburbs.

Goldcorp’s Vancouver headquarters will become the new entity’s North American regional office, overseeing Canadian and American operations, and the two companies say the new board will maintain a “significant Canadian presence,” comprising two-thirds Newmont members and one-third Goldcorp members. The new company will also seek a listing on the Toronto Stock Exchange.

“At first blush, I like the deal for

several reasons,” Franco-Nevada (TSX: FNV; NYSE: FNV) chairman Pierre Lassonde tells The Northern Miner. He served as Newmont’s president from 2002 to 2007.

“Newmont will have 80% of its assets in tier-one countries, so very low political risk. And 35% of the board will be coming from Goldcorp. That’s awesome, compared to Barrick.”

Newmont has 12 mines across the U.S., Peru, Suriname, Ghana and Australia. Goldcorp has seven mines across Canada, Mexico, Dominican Republic and Argentina.

Both companies have several nearmine and greenfield exploration projects. The companies say they will continue investing in projects that meet a 15% returns hurdle rate.

“This was a unique opportunity to provide us with the technical and financial firepower to advance our robust project pipeline,” Garofalo said.

Goldcorp shares jumped nearly 10% to $14.45 per share on the news, while Newmont shares fell 9% to US$31.67 per share.

Shares of Goldcorp are trading at $13.77 with a 52-week range of $11 to $19.32. The company has a $12-billion market capitalization.

Shares of Newmont are trading at US$31.88 with a 52-week range of US$29.06 to US$42.04. The company has a US$17-billion market capitalization.

“Newmont’s execution is legendary,” Lassonde says. “They will fix whatever ailed Goldcorp.

“Frankly, Telfer did a great job for his shareholders.” TNM

Bright lights at end of long tunnel for lithium LITHIUM From 4

to 1.4 million units, from 0.84 million units over the same periods in 2017.

EV sales are starting off a low base, with the data suggesting a 65% increase in EV sales across these regions in these time frames.

Fastmarkets’ forecast was for 69% growth in EV sales in 2018, which we may well see, as Chinese NEV sales have previously been heavily weighted into the last months of the year.

However, even 69% growth in EV sales would only mean lithium demand would increase 23,600 tonnes, so the recent production increases swamp the demand growth.

But, year after year of high CAGR will rapidly turn into large annual increases in demand, which the supply chain may struggle to keep up with.

For example, by 2025, we forecast plug-in EV sales will grow at 38% CAGR, which means a 16% EV penetration rate, with 17 million EVs sold annually that year. This would require 584,000 tonnes of lithium for EV batteries. In terms of gigawatt hours (GWh), 17 million EVs with an average battery size of 48 kilowatt hours (KWh) would require 800 GWh of batteries.

This raises the question of whether there will be enough battery capacity to supply the accelerated EV and ESS growth.

We think there will be, given hardly a week goes by without another announcement of a new battery factory plan, some of which are as large as 80 GWh. Given how well telegraphed the EV and ESS demand outlook is, we expect there will be no shortage of downstream capacity either at battery manufacturers or at EV manufacturers.

Indeed, as is so often the case, the enthusiasm of Chinese businesses is, if anything, likely to lead to a

1-8_JAN21_Main .indd 8

situation of oversupply of batterymaking capacity.

This should keep battery prices low, and that in turn is likely to foster a faster and broader rollout of ESS across commercial and residential markets — all boosting demand for battery raw materials.

By 2025, we expect lithium demand from EVs to rise at a rate of 180,000 tonnes per year and total lithium demand to rise at 220,000 tonnes per year. To put that into context, Pilbara Minerals expects capacity of 100,000 tonnes once stage two is commissioned, so by 2025, the market will need the equivalent of two large new mines a year.

Given this, the upstream lithium supply chain probably has no time to dawdle, as seven years is not a long time, when you are talking about bringing on new mines.

Headwinds before tailwinds Given the need for a lot more production capacity in the years and decades ahead, the last thing the market needs is for price dips to cut into producers’ capital expenses.

Lithium — being an old but small market — has traditionally been left to its own devices, and, as such, only a handful of traditional producers have been involved. In the past decade that has changed, initially driven by extra demand from the consumer electronics market, but more recently the pace of change has accelerated as the EV era has emerged. The sudden pickup in interest has caught the financial markets unprepared — many banks have not been active in early-stage financing, with most of the junior miners having to rely on private placings, offtake agreements, and, more recently, joint ventures.

Given lower lithium prices and oversupply, there is a danger that junior miners without adequate financing now suffer delays in bring-

Chart 1. Lithium battery demand forecast to 2025. FASTMARKETS

Chart 2. Recent lithium price trends. FASTMARKETS

ing on their production. This could make for even tighter supply in the mid-2020s. Fastmarkets, however, expects that financing will be forthcoming, not so much from banks, but from the downstream supply chain and original equipment manufacturers (OEMs).

Banks may get more involved once lithium prices are quoted on an exchange, as that could help offset risk.

The OEMs have invested billions in battery and EV factories — the last thing they will need is a shortage of raw materials. As such, Fast-

markets expects a lot more activity in mergers and acquisitions, joint ventures, partnerships and offtake agreements, which could help avoid some of the delays that a boom and bust cycle would have caused.

Forecast Fastmarkets’ forecast is for prices to remain under pressure in 2019.

We expect Chinese spot batterygrade, ex-works prices will average 71,500 yuan per tonne, compared with 78,500 yuan per tonne in December, and for CIF-CJK to average US$10.25 per kilogram,

compared with US$14 per kilogram in December. We expect prices will pick up again in 2022, as supply and demand surpluses shrink, and outlook improves.

Even though the market may still be in a supply surplus in 2022, the prospects for a brighter outlook could encourage restocking. New manufacturing capacity will also need working stocks, which will add to apparent demand.

While we expect lower prices over the next few years, once a period of supply deficit emerges, we expect higher prices again, as EVs and ESS will be mainstream, and consumers will have no option but to chase prices higher if they are short of material.

Our forecast for 2025 is for spot prices CIF-CJK to be back at US$25 per kilogram, which would put Chinese ex-work prices back around 180,000 yuan per tonne.

Low prices in the years ahead are expected to prompt more M&A activity, joint ventures, partnerships and offtake agreements, all of which will be a sign of confidence in the medium and long-term outlooks.

But as more offtake agreements and long-term contracts are negotiated, Fastmarkets expects the industry will demand a benchmark price, with contract prices settling based on the benchmark, plus or minus adjustments for quality, quantity and location.

— William Adams is head of research for base metals & battery materials at Fastmarkets. For more details on Fastmarkets’ prices and market forecasts, contact Adams at william. adams@fastmarkets.com.

Sign up for free to get Lithium Price Spotlight at www.metalbulletin.com/lithium-prices-update to access Fastmarkets’ latest batterygrade lithium price assessments and get insight into key market developments.

2019-01-15 7:38 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JANUARY 21–FEBRUARY 3, 2019

9

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2019-01-15 2:33 PM

10

WWW.NORTHERNMINER.COM

JANUARY 21–FEBRUARY 3, 2019 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / JANUARY 7–11 After a jittery year-end, investors jumped back into stocks on the Toronto Stock Exchange during the first full week of trading in 2019, pushing the S&P/TSX Index up 512.4 points — or 3.6% over the trading period — to 14,939.20 on Jan. 11.

The volume leader was Barrick, which dropped $1.03 to $16.52, as it began the year trading as the new merged entity, incorporating Randgold Resources’ gold assets and management team.

Australian junior Xanadu Mines was the greatest percentage gainer, rising 38% to 17¢ on small volume, and falling back to 11¢ at press time. Andrew Stuart-led Xanadu says it controls “one of the most promising porphyry copper-gold projects in Asia, with Kharmagtai” in Mongolia, and has an expanding portfolio of exploration projects in the country, including Red Mountain and Yellow Mountain.

Vancouver-based Golden Queen Mining was the greatest percentage loser, dropping 60% to 5¢. The junior is an emerging gold-silver producer with a 50% interest in an open-pit, heap-leach mining operation on the Soledad Mountain property in southern California. On Jan. 8, the company reported Thomas M. Clay

and associated entities had approached it with a non-binding proposal to acquire the company.

Pretium Resources was another gold miner on the downtrend, sinking 20% to $9.31, as it reported fourth-quarter production numbers from its Brucejack high-grade gold mine in B.C., which fell 5% short of guidance. For all of 2018, Pretium produced 376,012 oz. gold, or 97% of guidance of 387,000 oz. gold for the year.

The next day, Pretium said it “retained independent legal counsel to initiate an investigation of unusual trading activity in its shares.”

Aspiring undersea miner Nautilus Minerals rose 18% to 7¢, as it reported on Jan. TSX MOST ACTIVE ISSUES

Barrick Gold Kinross Gold First Quantum Suncor Energy B2Gold Corp Goldcorp Trevali Mng Yamana Gold New Gold Lundin Mng

8 that it and Deep Sea Mining Finance Ltd. extended the maturity date of an existing secured loan facility by 30 days to Feb. 8, 2019. Nautilus is in discussions with an arm’s length party to secure a US$5-million loan, and added that it “must receive the loan, or another source of funding … for the Nautilus group of companies to continue operations.” As of press time on Jan. 15, TSX GREATEST PERCENTAGE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

ABX K FM SU BTO G TV YRI NGD LUN

it had not secured the US$5-million loan, but Deep Sea Mining Finance had come up with a US$500,000 short-term loan.

Gold miner TMAC Resources dropped $1.30, or 19%, to $5.62. On Jan. 15 the gold miner had good news: it had gotten approval of two Type A water licences for the Madrid and Boston projects at its Hope Bay gold mine project in Nunavut. TNM

34607 17.75 16.23 16.52 - 1.03 21183 4.39 4.13 4.26 - 0.10 18783 11.56 9.94 11.19 + 0.87 18539 40.74 38.64 40.35 + 1.07 16810 3.96 3.73 3.78 - 0.14 16751 13.05 12.46 12.86 - 0.12 15409 0.45 0.40 0.42 + 0.01 12529 3.32 3.13 3.26 + 0.01 12380 1.65 1.21 1.43 + 0.23 11943 6.06 5.73 5.90 - 0.05

Xanadu Mines Katanga Mng St Augustine Karnalyte Res Silver Bull Re Talon Metals New Gold Nautilus Mnrls Golden Mnls INV Metals Golden Queen Pretium Res TMAC Resources Nexa Resources Balmoral Res U3O8 Corp Prophecy Coal Corvus Gold Troilus Gold eCobalt Solns

XAM KAT SAU KRN SVB TLO NGD NUS AUMN INV GQM PVG TMR NEXA BAR UWE PCY KOR TLG ECS

25 2015 491 210 584 294 12380 1176 95 104 3564 8405 233 93 563 105 1894 631 548 1477

0.17 0.12 0.17 0.75 0.52 0.73 0.02 0.00 0.02 0.36 0.21 0.31 0.17 0.14 0.17 0.10 0.08 0.09 1.65 1.21 1.43 0.08 0.05 0.07 0.46 0.36 0.43 0.79 0.62 0.73 0.14 0.05 0.05 11.84 9.27 9.31 6.96 5.34 5.62 16.64 13.23 13.60 0.16 0.13 0.13 0.28 0.24 0.24 0.32 0.25 0.27 2.85 2.42 2.42 0.80 0.68 0.69 0.65 0.51 0.55

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

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Nutrien Teck Res Teck Res Suncor Energy First Quantum Cameco Corp Franco-Nevada Kirkland Lake Labrador Iron Torex Gold Nexa Resources Pretium Res Agnico Eagle TMAC Resources Barrick Gold Endeavour Mng Seabridge Gld Corvus Gold First Majestic Semafo

37.5 35.2 33.3 31.9 21.4 20.0 19.2 18.2 18.1 15.9 60.0 20.2 18.8 17.1 16.1 14.5 14.5 14.2 13.8 12.7

VOLUME WEEK (000s) CLOSE CHANGE

NTR TECK.B TECK.A SU FM CCO FNV KL LIF TXG NEXA PVG AEM TMR ABX EDV SEA KOR FR SMF

7840 66.16 8360 30.22 26 30.31 18539 40.35 18783 11.19 5280 16.07 2765 93.31 3933 35.22 627 24.69 1523 13.66 93 13.60 8405 9.31 4462 52.84 233 5.62 34607 16.52 803 21.67 292 17.45 631 2.42 2749 7.94 3458 2.69

+ 3.03 + 2.10 + 1.81 + 1.07 + 0.87 + 0.59 + 0.59 + 0.47 + 0.44 + 0.43 - 2.80 - 2.36 - 1.39 - 1.30 - 1.03 - 0.78 - 0.47 - 0.40 - 0.37 - 0.36

TSX VENTURE EXCHANGE / JANUARY 7–11 Shares of Cobalt 27 Capital rose 26¢ to $4.44. In January 2019, the company bought Westgold Resources’ royalty on the Mount Marion lithium mine in Western Australia for $240,400, plus 200 tonnes of physical cobalt.

The royalty consist of 1.5% gross revenues and A$2 per tonne of ore mined from part of Mount Marion. The mine is a joint venture between Jiangxi Ganfeng Lithium, Mineral Resources and Neometals.

Earlier, Cobalt 27 agreed to acquire all Highlands Pacific shares that it did not already own for $96 million, a 30% premium over Highlands’ 20-day, volume-weighted average share price at closing of the Australian Securities Exchange on Dec. 24, 2018. Cobalt 27 can increase Highlands’ ownership in the Ramu nickel-cobalt mine from 8.56% to 11.3%, and would then receive over 600,000 lb. cobalt and 2,900 tonnes nickel of the mine’s production.

Shares of K92 Mining rose 19¢ to $1.13. The company has updated a preliminary economic assessment for its Kora and Kora North gold deposits — part of its Kainantu gold mine in the Eastern Highlands of Papua New Guinea.

According to the study, the company could double its processing plant capacity to 400,000 tonnes per year for US$13.6 million that the company could fund from cash flow from its existing operation. It would produce 120,000 equivalent

oz. gold per year at US$615 per equivalent oz. gold all-in sustaining costs over a 13-year life.

The project would then have a US$559-million, after-tax net present value at a 5% discount rate and a 350% after-tax internal rate of return.

The project’s Kora North deposit contains 850,000 indicated tonnes grading 12.9 grams gold, 13.1 grams silver and 0.7% copper for 350,000 oz. gold, 360,000 oz. silver and 13.3 million lb. copper. Its Irumafimpa deposit has 560,000 indicated tonnes at 12.8 grams gold, 9 grams silver and 0.28% copper for 230,000 oz. gold, 160,000 oz. silver and 37 million lb. copper. The project also has substantial inferred resources across its Kora North, Irumafimpa and Kora/Eutompi deposits.

Shares of Ascot Resources fell 17¢ to $1.10.

In early January 2019, the company bid for TSX-V MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

IDM Mining IDM 12736 Leeta Gold HIVE 12143 Gratomic GRAT 8472 ValOre Metals VO 6791 GT Gold GTT 6545 Pancontinental PUC 6492 ML Gold Corp MLG 6470 GoviEx Uranium GXU 6075 Aston Bay BAY 4733 Blackheath Res BHR 4237

0.07 0.46 0.16 0.19 0.94 0.06 0.04 0.15 0.07 0.03

0.06 0.32 0.13 0.11 0.59 0.04 0.02 0.13 0.06 0.01

0.07 + 0.01 0.39 + 0.08 0.15 unch 0.00 0.18 + 0.05 0.61 - 0.08 0.04 - 0.01 0.02 - 0.02 0.15 + 0.01 0.07 + 0.01 0.01 + 0.01

IDM Mining in a deal that valued IDM at 8.6¢ per share and represented a 54% premium to IDM shareholders, based on the 20-day, volume-weighted average share price at closing on Jan. 4, 2019. IDM shareholders will receive 0.0675 Ascot shares for every IDM share held.

After the deal closes, IDM shareholders would own 16.7% of Ascot.

IDM is developing its Red Mountain gold-

silver project in British Columbia’s Golden Triangle. Based on a June 2018 resource update, the project has 5.5 million measured and indicated tonnes grading 7.68 grams gold per tonne and 24.5 grams silver for 1.37 million oz. gold, and 4.3 million oz. silver. It also has 6.3 million inferred tonnes at 7.12 grams gold and 23.2 grams silver for 1.4 million oz. gold and 4.7 million oz. silver. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Taranis Res GMV Minerals Pure Energy TVI Pacific Adex Mining Indico Res Blackheath Res Noble Metal Argentina Lith Calibre Mng Anconia Res Tembo Gold Bard Ventures ML Gold Corp Brunswick Res Latin Am Mnls Chantrell Vent Vision Lithium Chilean Metals Resource Cap

TRO GMV PE TVI ADE IDI BHR NMG.H LIT CXB ARA TEM CBS MLG BRU LAT CV.H VLI CMX RCG

58 163 3406 837 35 28 4237 500 177 424 305 42 408 6470 614 1416 24 98 85 1452

0.11 0.20 0.18 0.01 0.01 0.01 0.03 0.01 0.21 0.74 0.01 0.02 0.20 0.04 0.04 0.03 0.08 0.17 0.07 0.02

0.08 0.09 0.07 0.01 0.01 0.00 0.01 0.01 0.00 0.42 0.01 0.01 0.10 0.02 0.02 0.02 0.04 0.11 0.05 0.01

0.11 0.20 0.14 0.01 0.01 0.01 0.01 0.01 0.18 0.74 0.01 0.01 0.11 0.02 0.02 0.02 0.05 0.11 0.05 0.01

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 144.4 + 116.7 + 107.7 + 100.0 + 100.0 + 100.0 + 100.0 + 100.0 + 94.4 + 78.3 - 50.0 - 50.0 - 46.2 - 42.9 - 42.9 - 40.0 - 37.5 - 37.1 - 33.3 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

Golden Secret Calibre Mng SRG Graphite Cobalt 27 Cap Till Capital K92 Mining New Pac Metals Ximen Mng Aurania Res Mirasol Res Great Bear Res Aurcana Corp Ascot Res Novo Res Pac Booker Min Rupert Res Hut 8 Mining Maverix Metals Mason Graphite McChip Res

TBRD CXB SRG KBLT TIL KNT NUAG XIM ARU MRZ GBR AUN AOT NVO BKM RUP HUT MMX LLG MCS

91 424 215 2500 2 4025 87 1073 72 124 728 226 295 624 62 41 277 24 629 13

2.00 0.74 0.99 4.44 2.24 1.13 1.50 0.42 3.33 1.32 2.03 0.56 1.10 2.52 1.31 0.95 1.69 2.30 0.50 0.75

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

0.49 0.33 0.27 0.26 0.23 0.19 0.15 0.13 0.13 0.12 0.24 0.20 0.17 0.16 0.16 0.15 0.12 0.12 0.12 0.10

U.S. MARKETS / JANUARY 7–11 Gold prices rose 0.2% to close the trading week at US$1,286.80, while the Philadelphia Gold and Silver Index fell 0.2% to close at 71.71.

The Dow Jones Industrial Average rose 2.4% to 23,995.95 and the S&P 500 Index rose 2.5% to 2,596.26.

Shares of Hecla Mining rose 5% to US$2.71.

The company announced its 2018 production results, tallying 10.4 million oz. silver and 263,103 oz. gold. While Hecla’s silver production decreased 17% compared to 2017, its gold production increased 13%. The company also produced 20,091 tonnes lead in 2018 — a 12% decrease over 2017 — and 56,023 tonnes zinc, in a 2% increase over 2017.

Most of the company’s lost silver production can be attributed to its Lucky Friday and San Sebastian mines. Lucky Friday produced 169,040 oz. silver for an 80% decrease over 2017, while San Sebastian produced 2.03 million oz. silver — a 37% decrease over 2017.

The company attributed Lucky Friday’s lower production to an ongoing strike at the mine.

Shares of Pretium Resources fell 19.8% to US$7. The company hit 97% of its 2018 production guidance by producing 376,012 oz. gold at its underground Brucejack gold

10_JAN21_MarketNews.indd 10

mine. It recorded 11.9 gram gold mill feed and 97.3% gold recovery, milling 2,755 tonnes per day. In late 2018, the company closed a US$480-million debt facility and bought back for US$237 million the 8% gold and silver stream it sold on Brucejack to finance the mine’s development. It finished 2018 with US$45 million in cash.

The company expects to ramp up Brucejack to a 3,800-tonne-per-day production rate in 2019. It will provide more details on the ramp up, along with an updated resource and reserve estimate for Brucejack, later in 2019’s first quarter.

U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Vale* VALE 110030 14.66 13.80 14.11 + 0.09 Freeport McMoR* FCX 101249 11.74 10.81 11.60 + 0.78 Kinross Gold* KGC 58760 3.28 3.11 3.19 - 0.05 Yamana Gold* AUY 46410 2.50 2.35 2.43 unch 0.00 United States S* X 45896 21.20 20.15 21.04 + 0.70 Cleveland-Clif* CLF 38983 8.91 8.17 8.60 + 0.13 Cloud Peak En* CLD 36501 0.43 0.31 0.34 + 0.01 Goldcorp* GG 36044 9.83 9.38 9.69 - 0.02 Hecla Mining* HL 29127 2.93 2.52 2.71 + 0.13 Chevron Corp* CVX 29028 114.00 109.92 112.54 + 1.72

Shares of Teck Resources rose 8.4% to US$22.77. The company is in talks to share infrastructure with Glencore and Anglo American’s Collahuasi copper mine in Chile, Reuters reported earlier in January 2019.

Collahuasi’s chief executive Jorge Gomez

said the two companies could share pipe and power lines and maritime facilities, as well as desalinated water. The mine says it may build an aqueduct that pipes leftover desalinated water from Teck’s nearby Quebrada Blanca copper mine to itself as a backup supply. TNM

U.S. GREATEST PERCENTAGE CHANGE

Intrepid Pots* IPI Mechel* MTL Teck Res* TECK Freeport McMoR* FCX HudBay Min* HBM Nutrien* NTR Hecla Mining* HL Cameco Corp* CCJ CONSOL Energy* CNX Mosaic* MOS Pretium Res* PVG Nexa Resources* NEXA Eldorado Gold* EGO Turquoise HIl* TRQ IAMGOLD* IAG DRDGOLD* DRD Buenaventura* BVN McEwen Mng* MUX First Majestic* AG Endeavr Silver* EXK

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

3080 3.26 2.78 3.16 + 11.3 291 2.28 2.07 2.27 + 9.1 12931 23.13 20.97 22.77 + 8.4 101249 11.74 10.81 11.60 + 7.2 4054 5.50 4.97 5.38 + 6.7 7351 50.14 46.84 49.87 + 5.8 29127 2.93 2.52 2.71 + 5.0 8344 12.33 11.41 12.12 + 4.8 14905 12.80 11.77 12.58 + 4.1 15463 31.72 30.07 31.64 + 4.1 21647 8.87 6.98 7.00 - 19.8 2154 12.69 9.79 10.24 - 16.3 7242 3.40 3.01 3.06 - 6.4 20259 1.70 1.57 1.59 - 4.8 22631 3.97 3.61 3.64 - 4.7 225 2.27 2.03 2.05 - 4.7 6084 16.70 15.75 15.96 - 4.0 7314 1.93 1.80 1.81 - 3.7 11791 6.33 5.83 5.98 - 3.7 3161 2.30 2.12 2.20 - 3.1

U.S. GREATEST VALUE CHANGE

Nutrien* NTR Arch Coal* ARCH Teck Res* TECK Chevron Corp* CVX MartinMarietta* MLM Rio Tinto* RIO Mosaic* MOS Suncor Energy* SU Franco-Nevada* FNV Black Hills* BKH Nexa Resources* NEXA Pretium Res* PVG Agnico Eagle* AEM Buenaventura* BVN Seabridge Gld* SA Trecora Res* TREC First Majestic* AG Eldorado Gold* EGO AngloGold Ash* AU IAMGOLD* IAG

VOLUME WEEK (000s) CLOSE CHANGE

7351 49.87 1281 86.02 12931 22.77 29028 112.54 2941 177.99 13870 50.51 15463 31.64 20201 30.42 2587 70.31 1648 63.61 2154 10.24 21647 7.00 6506 39.80 6084 15.96 1768 13.13 191 8.03 11791 5.98 7242 3.06 17804 12.59 22631 3.64

+ 2.74 + 1.79 + 1.77 + 1.72 + 1.60 + 1.26 + 1.25 + 1.10 + 1.09 + 0.82 - 2.00 - 1.73 - 0.69 - 0.67 - 0.26 - 0.24 - 0.23 - 0.21 - 0.21 - 0.18

2019-01-15 6:25 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / JANUARY 21–FEBRUARY 3, 2019

11

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 Tuesday, January 15, 2019 Precious Metals Price (US$/oz.)

Change $1293.70 +2.20 Gold Silver $15.62 -0.14 Platinum $801.00 -28.00 Palladium $1313.00 +2.00 Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Price (US$/tonne) Change $11605.00 +280.00 $5905.00 +23.00 $1965.00 -15.00 $2455.00 -28.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 11, 2019 (change from January 4, 2019 in brackets): Aluminium Alloy 10400 (-480) 1284725 (+6225) Aluminium Copper 133700 (+1300) 104525 (-2775) Lead Nickel 201096 (-4656) 1440 (-165) Tin 126800 (-1650) Zinc

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$81.40 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.95 Cobalt: US$23.59/lb.

Copper: US$2.76/lb.

Copper: CME Group Futures Jan. 2019: US$2.66/lb.; Feb. 2019: US$2.66/lb Iridium: NY Dealer Mid-mkt US$1,480.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$70.6/tonne.

Lead: US$0.87/lb.

Lithium carbonate min 99.5% Li2CO3 battery grade, spot prices CIF China, Japan & Korea : US$13.00-15.00/kg Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot prices cif China, Japan & Korea : US$15-17/kg Magnesium: n.a.

Manganese Ore Index 37% Mn, cif Tianjin China: US$6.82 per dmtu of metal contained.

Molybdenum Oxide: US$11.79/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,515.00 tr. oz.

Ruthenium: Mid-mkt US$270.00/tr. oz.

Silver: Handy & Harman Base: US$14.65 per oz.; Handy & Harman Fabricated: US$18.31 per oz.

Spodumene min 7-7.5% Li20, CIF China, US$900-1000 per tonne.

Tantalite Ore : US$186.50/kg Tin: US$8.85/lb.

Uranium: U3O8, Trade Tech spot price: US$29.00 per lb U308 Zinc: US$1.17/lb.

Prices current Dec. 18, 2018

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Jan 11 Jan 10 Jan 09 Jan 08 Jan 07 High Low S&P/TSX Composite 14939.18 14903.49 14804.73 14605.15 14504.13 15527.30 12400.15 S&P/TSXV Composite 601.77 596.93 598.11 588.26 590.63 1050.26 883.52 S&P/TSX 60 893.39 891.72 885.91 874.42 868.55 896.74 709.99 S&P/TSX Global Gold 179.26 178.42 180.11 178.40 179.61 218.90 149.29 DJ Precious Metals 150.62 150.62 152.47 150.35 150.77 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

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

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

DAILY METAL PRICES Daily Metal Prices Jan 14 Jan 11 Jan 10 Jan 9 Jan 8 Date BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1440/1450 1380/1425 1415/1425 1390/1425 1405/1425 Aluminum 1775/1813 1815/1840 1842/1855 1841.50/1862 1836/1858 Copper 5860/5888 5926/5945 5907.50/5931 5963/5980 5904/5920 Lead 1961/1974 1960.50/1972 1959/1972.50 1965/1977 1939/1950 Nickel 11415/11390 11395/11430 11220/11285 11200/11255 11050/11130 20625/20465 20475/20340 20250/20175 20200/20140 19810/19750 Tin Zinc 2467/2463.50 2469/2465 2475/2453.50 2530/2492 2540/2484 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1293.70 1292.80 1292.40 1281.30 1283.90 Gold PM 1292.75 1288.95 1291.90 1288.60 1286.45 Silver 15.62 15.68 15.71 15.62 15.64 Platinum 807.00 822.00 821.00 821.00 820.00 1337.00 1327.00 1328.00 1337.00 1309.00 Palladium

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

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

Osisko Gold Royalties (OR.WT.A) - Wt buys sh @ $19.08 to Feb 26/19 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Prairie Provident Resources Inc Wt (PPR. WT) - Wt buys sh @ $0.87 to Mar 16/19 Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share.

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cornerstone Capital Resources (CGP. WT.S) - Wt buys sh @ $0.35 to Apr 07/19 Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share.

Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share.

Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share.

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Jet Metal (JET.WT.A) - Wt buys sh @ $0.5 to Feb 28/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Rainy Mountain Royalty Corp. (RMO. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Rainy Mountain Royalty Corp. (RMD. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Sandfire Resources America Inc. (SFR.RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit.

Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share.

Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

West Kirkland Mining (WKM.WT) - Wt buys sh @ $0.3 to Apr 17/19 Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS JANUARY 7–11, 2019 44 New Highs Abcourt Mines* Allante Res Aloro Mining* Atacama Res* Athabasca Min Atlas Cons Mng* Aura Minerals Aurcana Corp* Calibre Mng Calibre Mng* Desert Mtn Egy Desert Mtn Egy* Dundee Prec Mt Ely Gold Royal* Fort St James*

Golden Star K92 Mining K92 Mining* Kirkland Lake* Kore Mining * Magellan Gold* Meridius Res Montan Mg* Nevsun Res Nevsun Res* Nrthn Superior Pac Bay Mnrls PJX Res Precipitate Gl Precipitate Gl* Rockhaven Res

RTG Mining * SilverCrest SilverCrest* SSR Mining SSR Mining* U.S. Lithium* Unity Metals Unity Metals* Vanstar Mng Rs* Voyageur Min* Ximen Mng Xtra-Gold Res Yellowhead Mng

34 New Lows ValOre Metals Abacus Mining*

Amador Gold Arctic Star Bird River Res Blue River Res* Bullfrog Gold* Bullion Gold CellCube Enrgy CellCube Enrgy* China Gold Int Compass Gold* Endurance Gold* Four Nines GoviEx Uranium GoviEx Uranium* HiHo Silver* Inventus Mg

Komet Resource Le Mare Gold Megastar Dev Montego Res* New Point Expl Nexa Resources* Olivut Res* Pivit Explor Platinex Inc* Randgold Res* Royal Std Mnrl* Silver Mtn Mns* Tanzania Rlty* Vendetta Mng Vendetta Mng* Westmoreland*

CANADIAN GOLD MUTUAL FUNDS Fund AGF Prec Mtls Fd MF BMO Prec Mtls Fd A BMO ZGD BMO ZJG CIBC Prec Metal Fd A Dyn Prec Metls Fd A Galileo GOGO Harvest HGGG Horizons HEP IG Mac GbPMetCl A iShares XGD Mac Prec Met Cl A NBI PrecMetFd Invt NPT Gold&PrMinFdA NPT SilverEquCl A RBC GblPreMetFd A Sentry Pre Met Fd A TD Prec Mtl Fd Inv

Jan 11 ($) Jan 04 ($) Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) 18.23 18.68 -0.45 -2.43 -12.13 2.80 92.31 17.40 17.74 -0.34 -1.92 -1.52 2.40 57.77 8.38 8.55 -0.17 -2.01 -10.67 0.61 7.23 7.49 -0.26 -3.45 -18.62 0.60 8.96 9.18 -0.22 -2.42 -8.74 2.45 41.24 6.45 6.70 -0.25 -3.73 -6.42 2.71 319.51 9.81 9.94 -0.13 -1.29 -3.24 19.94 22.74 22.99 -0.25 -1.07 -0.14 8.12 8.36 -0.24 -2.88 -7.74 2.75 30.07 11.24 11.49 -0.26 -2.24 -4.06 0.55 801.80 42.39 43.64 -1.25 -2.87 -8.09 2.52 55.71 11.18 11.43 -0.25 -2.19 -8.13 2.46 26.08 31.88 32.77 -0.89 -2.72 -11.14 3.04 4.67 4.68 -0.01 -0.29 -18.06 2.95 30.71 31.34 -0.63 -2.00 -7.08 2.13 294.14 32.71 33.93 -1.22 -3.61 -14.78 2.46 233.63 29.77 30.44 -0.67 -2.20 -8.94 2.27 102.93

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

Jan 11 Jan 10 Jan 09 Jan 08 Jan 07 1.3266 1.3239 1.3212 1.3250 1.3297 0.7538 0.7553 0.7569 0.7547 0.7520

Exchange rates (Quote Media, January 11, 2019) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0509 0.6564 81.8075 14.4513 10.4720 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5923 5.1280 53.1905 0.7433 843.9285 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.3913 0.8690 108.3045 19.1326 13.8652 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7841 6.7885 70.7300 0.9841 1117.5500

Financial information provided by Fundata Canada Inc. ©Fundata Canada Inc. All rights reserved

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

11_JAN21_MMMM.indd 11

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

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

1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton

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

GLOBAL MINING NEWS · SINCE 1915

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

2019-01-15 3:59 PM

12

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JANUARY 7–11, 2019 (100s) Stock

WWW.NORTHERNMINER.COM

JANUARY 21–FEBRUARY 3, 2019 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 37 Capital 137 66 Resources 15 92 Resources V 1398 92 Resources* O 11 Abacus Mining* O 217 V 110 Abacus Mining Abcourt Mines V 633 Abcourt Mines* O 292 Aben Resources* O 221 V 1129 Aben Resources Aberdeen Intl* O 147 Aberdeen Intl T 670 Abitibi Royal* O 13 Abitibi Royal V 15 AbraPlata Res* O 135 AbraPlata Res V 116 Adamera Min V 1408 Adamera Min* O 439 Adex Mining V 35 V 324 Advance Gold Advantage Lith V 950 Advantage Lith* O 536 O 24 Adventus Zinc* Adventus Zinc V 48 Aethon Mineral V 33 African Gold V 1034 African Gold* O 70 African Min* O 20 Aftermath Silv V 242 O 0 Aftermath Silv* Agnico Eagle T 4462 Agnico Eagle* N 6506 AgriMinco* O 87 Aguia Resource V 32 Aguila Amer Gd V 0 6 Aguila Amer Gd* O AJN Resources 25 Alacer Gold T 1437 Alamos Gold T 4334 11107 Alamos Gold* N Alaska Pac Egy* O 1400 Alba Minerals* O 10 O 2 Albert Mining* Albert Mining V 460 Alcoa* N 13222 Aldebaran Res V 69 Alderon Iron* O 25 Alderon Iron T 542 Aldershot Res* O 72 Aldever Res V 34 Aldever Res* O 4 Aldridge Min V 41 O 630 Alexandria Min* Alexandria Min V 1401 Alexco Res* X 797 Alexco Res T 214 Algold Res V 562 Algold Res* O 0 Alianza Min V 85 Alianza Min* O 1 Alien Metals* O 3 Alio Gold T 320 Alio Gold* X 833 Allante Res V 334 Allegiant Gold V 246 Allegiant Gold* O 243 Alliance Mng V 448 Alliance Res* D 3478 Almaden Min T 482 Almaden Min* X 2540 Almadex Min* O 110 Almadex Min V 178 6 Almonty Ind * O Almonty Ind T 198 Aloro Mining* O 15 Aloro Mining V 183 5 Alphamin Res * O Alphamin Res V 177 Altai Resource V 362 O 5 Altai Resource* Altair Res Inc V 106 Altamira Gold V 254 O 85 Altamira Gold* Altan Nevada V 255 Altan Rio Min V 812 Altiplano Met V 234 Altiplano Met* O 30 Altius Mnrls T 308 Altius Mnrls * O 171 Alto Ventures V 137 Alto Ventures* O 3 Altura Mining* O 138 Alturas Min V 2135 Altus Strat V 720 Alumina Ltd* O 118 ALX Uranium V 261 ALX Uranium* O 30 AM Resources V 11 Amador Gold V 1009 Amarc Res V 155 Amarc Res* O 63 Amarillo Gold V 174 O 62 Amarillo Gold* Amazing Energy* O 79 Amer Intl Vent* O 43 O 341 American Creek* American Creek V 377 American CuMo* O 202 American Lith* O 167 American Lith V 257 American Mang* O 90 American Mang V 295 American Pac 1676 American Pac* O 119 AmericanSierra* O 128 X 1072 Americas Silvr* Americas Silvr T 342 Amerigo Res T 505 Amerigo Res* O 392 Amex Expl* O 50 Amex Expl V 407 Amseco Expl V 13 T 179 Anaconda Mng Anaconda Mng* O 59 Anconia Res V 305 Andes Gold* O 450 Anfield Energy* O 115 Anfield Energy V 310 Angel Gold* O 111 Angel Gold V 545 Angkor Gold V 138 Angkor Gold* O 17 5 Anglo American* O Anglo American* O 337 Anglo Pac Grp T 1 0 AngloGold Ash* O AngloGold Ash* N 17804 Antioquia Gold V 120 Antioquia Gold* O 83 Antler Gold V 1310 Antofagasta* O 5 Apex Res * O 25 Apex Res V 64 Appia Energy 131 Appia Energy* O 86 Applied Min* O 467 Aquila Res* O 599 Aquila Res T 301 Arch Coal* N 1281 Arctic Star V 1910 Arcturus Vent V 0 Arcus Dev Grp* O 1 153 Arcus Dev Grp V Arena Min V 1233 Arena Min* O 28 Argentina Lith* O 43 Argentina Lith V 177 Argentum Silvr V 1315 Argex Titanium T 1405 O 88 Argex Titanium* Argo Gold 325 Argonaut Gold* O 119 T 1551 Argonaut Gold Arianne Phosph V 65 Arianne Phosph* O 26 Arizona Silver* O 58

12-15_JAN21_StockTables.indd 12

0.25 0.11 0.25 + 0.15 0.35 0.10 0.14 0.14 0.14 unch 0.00 0.27 0.10 0.04 0.03 0.03 - 0.01 0.23 0.03 0.03 0.02 0.03 + 0.01 0.17 0.02 0.09 0.05 0.07 + 0.02 0.29 0.05 0.10 0.08 0.09 + 0.01 0.38 0.07 0.08 0.07 0.07 - 0.01 0.08 0.04 0.06 0.05 0.05 - 0.00 0.06 0.03 0.13 0.11 0.12 + 0.00 0.38 0.08 0.16 0.14 0.15 - 0.01 0.49 0.11 0.04 0.04 0.04 unch 0.00 0.16 0.03 0.07 0.06 0.07 + 0.01 0.21 0.05 7.25 6.96 7.14 + 0.18 8.14 5.89 9.96 9.25 9.51 + 0.11 10.45 7.98 0.05 0.04 0.05 + 0.00 0.23 0.03 0.07 0.06 0.07 + 0.01 0.28 0.04 0.08 0.06 0.07 - 0.01 0.20 0.04 0.06 0.04 0.05 + 0.01 0.17 0.03 0.01 0.01 0.01 + 0.01 0.04 0.01 0.10 0.08 0.08 - 0.02 0.60 0.06 0.72 0.60 0.62 + 0.03 1.39 0.41 0.55 0.45 0.46 + 0.02 1.14 0.29 0.60 0.55 0.56 + 0.01 0.90 0.48 0.80 0.73 0.77 + 0.02 1.16 0.51 0.15 0.14 0.14 - 0.01 0.85 0.11 0.03 0.02 0.03 + 0.01 0.05 0.02 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.07 0.05 0.06 - 0.01 0.20 0.05 0.00 0.00 0.05 unch 0.00 0.14 0.05 54.99 51.64 52.84 - 1.39 62.80 42.35 41.06 38.79 39.80 - 0.69 49.80 32.18 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.14 0.13 0.14 + 0.02 0.43 0.10 0.00 0.00 0.19 unch 0.00 0.29 0.17 0.13 0.13 0.13 unch 0.00 0.19 0.13 0.10 0.10 0.10 unch 0.00 0.20 0.08 2.65 2.53 2.62 + 0.02 2.97 1.97 5.34 4.89 5.09 - 0.01 8.00 3.88 4.00 3.68 3.84 + 0.05 6.48 2.90 0.00 0.00 0.00 + 0.00 0.00 0.00 0.04 0.04 0.04 unch 0.00 0.33 0.04 0.02 0.02 0.02 unch 0.00 0.08 0.01 0.04 0.03 0.04 + 0.01 0.10 0.02 29.28 27.65 28.55 + 0.21 62.35 25.01 0.65 0.51 0.58 + 0.06 0.90 0.41 0.20 0.19 0.19 + 0.01 0.29 0.15 0.29 0.24 0.27 + 0.02 0.38 0.22 0.05 0.05 0.05 + 0.00 0.35 0.03 0.04 0.00 0.04 + 0.01 0.12 0.03 0.02 0.00 0.02 - 0.00 0.09 0.02 0.10 0.10 0.10 unch 0.00 0.16 0.05 0.03 0.02 0.03 - 0.01 0.09 0.01 0.03 0.03 0.03 unch 0.00 0.12 0.02 1.07 0.95 1.05 + 0.04 1.79 0.68 1.44 1.27 1.36 - 0.02 2.18 0.92 0.38 0.32 0.32 - 0.06 1.90 0.32 0.00 0.00 0.35 unch 0.00 0.59 0.35 0.07 0.07 0.07 unch 0.00 0.15 0.06 0.04 0.04 0.04 unch 0.00 0.10 0.04 0.00 0.00 0.00 unch 0.00 0.01 0.00 1.39 1.24 1.30 - 0.04 4.71 0.81 1.05 0.94 0.94 - 0.05 3.80 0.63 0.17 0.12 0.17 + 0.05 0.13 0.06 0.31 0.24 0.25 - 0.05 0.75 0.16 0.24 0.19 0.19 - 0.03 0.58 0.00 0.02 0.01 0.01 unch 0.00 0.06 0.01 19.59 17.94 17.97 - 0.69 21.90 15.55 1.19 0.93 1.10 + 0.15 1.29 0.63 0.90 0.69 0.83 + 0.12 1.02 0.48 0.25 0.22 0.23 + 0.01 0.45 0.14 0.34 0.30 0.31 + 0.01 0.51 0.25 0.46 0.46 0.46 unch 0.00 0.73 0.29 0.73 0.68 0.73 + 0.06 0.98 0.35 0.14 0.00 0.14 + 0.02 0.14 0.06 0.19 0.14 0.18 + 0.03 0.20 0.07 0.18 0.18 0.18 unch 0.00 0.27 0.16 0.29 0.23 0.28 + 0.02 0.33 0.22 0.13 0.10 0.12 - 0.01 0.47 0.07 0.10 0.10 0.10 unch 0.00 0.36 0.05 0.06 0.05 0.06 + 0.01 0.36 0.04 0.10 0.08 0.10 + 0.02 0.35 0.05 0.08 0.06 0.07 + 0.01 0.28 0.04 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.19 0.16 0.17 - 0.01 0.55 0.09 0.07 0.07 0.07 unch 0.00 0.43 0.07 11.32 10.81 11.24 - 0.01 15.58 10.04 8.53 8.15 8.53 + 0.11 12.50 7.31 0.03 0.02 0.03 + 0.01 0.07 0.02 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.13 0.12 0.12 - 0.00 0.40 0.10 0.02 0.01 0.01 unch 0.00 0.06 0.01 0.05 0.04 0.05 + 0.01 0.15 0.04 6.80 6.24 6.73 + 0.44 8.97 6.09 0.08 0.00 0.08 + 0.02 0.10 0.05 0.06 0.05 0.05 + 0.00 0.08 0.04 0.18 0.18 0.18 + 0.02 0.31 0.12 0.58 0.46 0.49 - 0.10 1.10 0.46 0.06 0.06 0.06 + 0.01 0.17 0.04 0.04 0.04 0.04 unch 0.00 0.13 0.04 0.30 0.27 0.29 + 0.01 0.32 0.19 0.23 0.21 0.21 + 0.00 0.26 0.15 0.25 0.16 0.24 + 0.04 0.94 0.00 0.01 0.01 0.01 + 0.01 0.03 0.00 0.03 0.02 0.03 + 0.01 0.06 0.02 0.03 0.03 0.03 + 0.01 0.07 0.03 0.09 0.06 0.07 - 0.02 0.10 0.02 0.32 0.29 0.32 + 0.02 0.69 0.18 0.43 0.39 0.43 + 0.02 0.74 0.22 0.13 0.11 0.11 - 0.01 0.25 0.10 0.16 0.14 0.14 - 0.01 0.30 0.13 0.10 0.07 0.10 + 0.04 0.41 0.04 0.08 0.05 0.08 + 0.02 0.32 0.03 0.02 0.01 0.02 - 0.00 0.04 0.01 1.95 1.63 1.68 - 0.17 4.65 1.24 2.55 2.15 2.21 - 0.27 5.74 1.66 1.03 0.90 0.98 + 0.08 1.28 0.67 0.76 0.67 0.74 + 0.08 1.03 0.51 0.14 0.14 0.14 unch 0.00 0.14 0.04 0.22 0.17 0.19 - 0.02 0.22 0.06 0.05 0.05 0.05 unch 0.00 0.29 0.01 0.22 0.22 0.22 unch 0.00 0.56 0.18 0.17 0.16 0.17 - 0.00 0.48 0.14 0.01 0.01 0.01 - 0.01 0.04 0.01 0.01 0.01 0.01 - 0.00 0.01 0.00 0.18 0.15 0.16 + 0.00 0.45 0.12 0.23 0.20 0.23 + 0.03 0.59 0.18 0.03 0.03 0.03 + 0.00 0.08 0.01 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.16 0.14 0.15 - 0.01 0.22 0.11 0.12 0.11 0.12 + 0.03 0.32 0.09 22.93 0.00 22.93 + 0.76 26.05 19.09 11.73 11.18 11.65 + 0.40 13.13 9.37 2.78 2.12 2.12 - 0.01 4.75 1.60 0.00 0.00 12.04 unch 0.00 12.04 7.38 13.10 12.18 12.59 - 0.21 13.27 7.08 0.03 0.02 0.03 + 0.01 0.10 0.02 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.07 0.05 0.07 - 0.01 0.20 0.05 11.11 10.25 10.90 + 1.06 15.70 9.27 0.03 0.03 0.03 unch 0.00 0.09 0.03 0.06 0.05 0.05 + 0.01 0.13 0.04 0.29 0.25 0.25 - 0.03 0.32 0.11 0.23 0.20 0.20 - 0.00 0.26 0.08 0.05 0.03 0.04 + 0.00 0.25 0.03 0.19 0.15 0.15 - 0.01 0.30 0.10 0.25 0.21 0.22 - 0.01 0.39 0.13 86.91 81.76 86.02 + 1.79 102.61 75.09 0.06 0.00 0.05 unch 0.00 0.26 0.05 0.00 0.00 0.09 unch 0.00 0.16 0.09 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.04 0.04 0.04 - 0.02 0.07 0.03 0.06 0.05 0.05 - 0.01 0.11 0.05 0.04 0.04 0.04 unch 0.00 0.08 0.04 0.11 0.06 0.10 + 0.04 0.38 0.03 0.21 0.00 0.18 + 0.09 1.88 0.09 0.17 0.15 0.15 unch 0.00 0.33 0.10 0.05 0.05 0.05 + 0.01 0.07 0.03 0.04 0.03 0.04 + 0.01 0.05 0.01 0.14 0.09 0.09 - 0.04 0.21 0.07 1.30 1.14 1.20 - 0.02 2.33 0.85 1.72 1.51 1.57 - 0.07 2.87 1.18 0.47 0.43 0.46 - 0.02 0.72 0.39 0.36 0.33 0.35 - 0.00 0.58 0.30 0.09 0.08 0.08 - 0.01 0.16 0.04

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Arizona Silver V 180 Armor Min V 1 Asanko Gold T 233 Asanko Gold* X 648 Asante Gold 600 T 82 Ascendant Res O 60 Ascendant Res* Ascot Res V 295 O 20 Ascot Res * Ashanti Gold V 86 V 125 Ashanti Sanko AsiaBaseMetals V 20 Asian Mineral V 0 Aston Bay V 4733 Aston Bay* O 283 Astorius Res V 75 Astur Gold V 58 ATAC Res V 566 ATAC Res* O 112 Atacama Res* O 263245 T 3 Atalaya Mining V 899 Athabasca Min O 104 Athabasca Min* Athena Silver* O 88 Atico Mining* O 175 Atico Mining V 425 Atlanta Gold* O 40 Atlanta Gold V 42 Atlantic Gold* O 100 Atlantic Gold V 1074 Atlantic Indus V 111 Atlas Cons Mng* O 1 Atlatsa Res T 563 Atlatsa Res* O 44 1 Atom Energy * O Aton Resources* O 42 V 468 Aton Resources O 18 Aura Minerals* 18 Aura Minerals T Aura Resources V 257 O 724 Aura Resources* Auramex Res V 96 Aurania Res* O 27 Aurania Res V 72 Aurcana Corp V 226 O 10 Aurcana Corp* AurCrest Gold V 249 Aurelius Min V 763 53 Aurion Res * O Aurion Res V 291 Aurora Royal V 200 Aurum Inc* O 2 O 2 AURYN Mining* T 703 Auryn Resource Auryn Resource* X 239 Aust Mines* O 202 Austin Res V 33 Austral Gold* O 39 Austral Gold V 70 Auxico Res 96 O 445 Avalon Advance* T 1106 Avalon Advance Avarone Metals* O 2 Avarone Metals 375 Avenira Ltd* O 20 Avesoro Res T 23 Avidian Gold V 504 Avino Silver* X 1170 Avino Silver T 680 Avrupa Min V 270 Avrupa Min* O 21 Awale Res V 240 Axmin Inc V 382 Axmin Inc* O 27 Azarga Metals V 105 O 2 Azarga Metals* T 576 Azarga Uranium O 297 Azarga Uranium* Azimut Explor V 256 Azimut Explor* O 57 O 288 Azincourt Ener* V 655 Azincourt Ener V 37 Aztec Minerals Aztec Minerals* O 115 Azteca Gold* O 978 Azucar Min V 316

0.12 0.10 0.12 + 0.01 0.23 0.06 0.00 0.00 0.40 unch 0.00 0.73 0.30 1.03 0.93 0.93 - 0.07 1.79 0.80 0.78 0.70 0.70 - 0.04 1.38 0.56 0.06 0.05 0.06 unch 0.00 0.08 0.03 0.50 0.43 0.48 + 0.04 1.23 0.35 0.33 0.32 0.32 + 0.02 0.96 0.28 1.36 1.10 1.10 - 0.17 1.65 0.76 1.03 0.85 0.85 - 0.10 1.24 0.59 0.08 0.07 0.07 - 0.01 0.25 0.04 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.21 0.21 0.21 unch 0.00 0.40 0.15 0.00 0.00 0.35 unch 0.00 6.00 0.30 0.07 0.06 0.07 + 0.01 0.29 0.05 0.06 0.04 0.06 + 0.01 0.20 0.03 0.04 0.04 0.04 unch 0.00 0.15 0.03 0.22 0.19 0.19 unch 0.00 0.31 0.19 0.29 0.26 0.26 - 0.03 0.63 0.21 0.22 0.19 0.19 - 0.01 0.51 0.15 0.00 0.00 0.00 + 0.00 0.00 0.00 3.99 3.69 3.90 + 0.20 5.10 2.85 0.35 0.23 0.29 + 0.05 0.35 0.12 0.25 0.17 0.25 + 0.08 0.27 0.09 0.03 0.02 0.02 unch 0.00 0.30 0.02 0.29 0.24 0.26 + 0.00 0.63 0.17 0.42 0.31 0.33 unch 0.00 0.80 0.23 0.03 0.00 0.03 + 0.00 0.05 0.02 0.04 0.00 0.04 unch 0.00 0.07 0.04 1.35 1.23 1.25 - 0.04 1.57 1.07 1.77 1.65 1.67 - 0.07 1.99 1.40 0.02 0.01 0.02 unch 0.00 0.09 0.01 1.21 1.18 1.21 + 0.03 1.21 0.90 0.09 0.08 0.08 unch 0.00 0.09 0.03 0.06 0.06 0.06 + 0.00 0.07 0.02 0.03 0.00 0.03 - 0.02 0.34 0.00 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.06 0.05 0.05 - 0.01 0.11 0.02 1.50 1.42 1.42 unch 0.00 2.38 1.00 19.99 0.00 19.35 + 0.35 30.00 14.60 0.04 0.04 0.04 + 0.01 0.23 0.03 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.06 0.06 0.06 - 0.01 0.10 0.03 2.70 2.26 2.50 + 0.23 4.22 1.03 3.55 3.07 3.33 + 0.13 5.25 1.93 0.72 0.54 0.56 - 0.20 1.38 0.60 0.52 0.00 0.20 - 0.31 0.52 0.00 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.04 0.03 0.04 + 0.01 0.09 0.02 0.83 0.73 0.75 - 0.04 1.63 0.52 1.12 0.96 1.00 - 0.08 2.15 0.67 0.09 0.00 0.09 unch 0.00 0.24 0.03 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.58 0.55 0.58 + 0.03 1.95 0.16 1.30 1.21 1.22 - 0.04 2.17 1.14 0.99 0.93 0.93 - 0.02 1.85 0.85 0.05 0.03 0.05 + 0.01 0.33 0.02 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.05 0.00 0.04 - 0.01 0.11 0.01 0.06 0.06 0.06 - 0.01 0.15 0.05 0.16 0.00 0.16 unch 0.00 0.43 0.12 0.05 0.04 0.04 - 0.00 0.13 0.03 0.06 0.05 0.06 unch 0.00 0.16 0.05 0.02 0.02 0.02 unch 0.00 0.09 0.02 0.05 0.04 0.05 + 0.01 0.14 0.04 0.01 0.01 0.01 unch 0.00 0.01 0.01 2.70 2.32 2.70 + 0.34 5.99 2.30 0.41 0.35 0.35 - 0.05 0.70 0.26 0.69 0.64 0.66 - 0.03 1.61 0.50 0.92 0.85 0.87 - 0.04 1.99 0.65 0.06 0.06 0.06 unch 0.00 0.13 0.04 0.05 0.04 0.05 + 0.00 0.10 0.03 0.09 0.09 0.09 - 0.01 0.48 0.08 0.24 0.18 0.18 - 0.05 0.30 0.03 0.18 0.15 0.15 - 0.01 0.23 0.02 0.14 0.11 0.11 - 0.02 0.16 0.10 0.09 0.00 0.08 + 0.01 0.16 0.05 0.26 0.24 0.24 - 0.02 0.34 0.18 0.20 0.18 0.19 - 0.01 0.24 0.14 0.28 0.22 0.23 - 0.05 0.48 0.22 0.19 0.00 0.19 + 0.00 0.32 0.17 0.05 0.04 0.05 + 0.01 0.23 0.04 0.07 0.06 0.06 unch 0.00 0.37 0.06 0.19 0.18 0.18 unch 0.00 0.38 0.14 0.13 0.13 0.13 unch 0.00 0.30 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.49 0.38 0.42 + 0.04 1.75 0.34

B2Gold Corp* X 19455 16810 B2Gold Corp T Balmoral Res T 563 Balmoral Res* O 498 Balto Res V 5 V 337 Bankers Cobalt O 134 Bankers Cobalt* Bannerman Res* O 722 Banyan Gold V 725 Banyan Gold* O 22 Bard Ventures V 408 Bard Ventures* O 1 Barker Min V 532 Barker Min* O 397 Barkerville V 1572 Barkerville* O 540 V 34 Barolo Venture O 3 Barolo Venture* V 15 Baroyeca Gold Barrick Gold* N 113648 Barrick Gold T 34607 Barsele Min* O 13 Barsele Min V 311 Batero Gold* O 20 Batero Gold V 28 O 48 Bayhorse Silvr* V 331 Bayhorse Silvr BC Moly V 5 BCM Res V 19 V 4 BE Res 392 Bear Creek Mng V Bear Creek Mng* O 123 Bearing Lith* O 4 Bearing Lith V 111 Beeston Ent* O 3712 Bell Copper* O 81 Bell Copper V 72 Belmont Res V 1155 Belo Sun Mng T 1108 Belo Sun Mng* O 1346 BeMetals V 328 O 54 Benchmark Met* V 565 Benchmark Met Benton Res V 519 Benton Res* O 19 23 Berkwood Res * O Berkwood Res V 256 579 Bird River Res O 0 Bitterroot Res* Bitterroot Res V 123 Black Dragon V 2 O 17 Black Dragon* Black Hills* N 1648 Black Iron T 149 Black Iron* O 21 2 Black Isle Res* O O 0 Black Mammoth* V 150 Black Mammoth Black Sea V 490 O 0 Black Sea * 204 Black Tusk Res V 4237 Blackheath Res Blackrock Gold* O 80 V 326 Blackrock Gold Blind Creek V 44 BLOX Inc* O 20 Blue Moon Zinc* O 153 998 Blue Moon Zinc V 468 Blue River Res V Blue River Res* O 304 Blue Sky Uran* O 148 238 Blue Sky Uran V O 0 BlueBird Batt* BlueBird Batt V 27 Bluenose Gold V 99 O 14 Bluestone Res* V 16 Bluestone Res Bold Ventures V 795 O 1010 Bonanza Gold*

2.96 2.80 2.86 - 0.06 3.30 2.10 3.96 3.73 3.78 - 0.14 4.06 2.77 0.16 0.13 0.13 - 0.03 0.53 0.12 0.12 0.09 0.10 - 0.01 0.43 0.08 0.08 0.08 0.08 unch 0.00 0.38 0.05 0.05 0.04 0.04 + 0.01 0.77 0.02 0.04 0.03 0.03 + 0.01 0.60 0.01 0.03 0.03 0.03 - 0.01 0.06 0.03 0.06 0.06 0.06 unch 0.00 0.13 0.04 0.05 0.04 0.05 + 0.01 0.08 0.02 0.20 0.10 0.11 - 0.09 0.33 0.04 0.16 0.16 0.16 unch 0.00 0.21 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.42 0.40 0.41 + 0.01 0.78 0.30 0.32 0.30 0.31 + 0.01 0.62 0.23 0.25 0.00 0.25 unch 0.00 0.30 0.09 0.05 0.05 0.05 unch 0.00 0.19 0.00 0.01 0.01 0.01 unch 0.00 0.04 0.01 13.59 12.69 13.54 unch 0.00 15.52 9.53 17.75 16.23 16.52 - 1.03 19.49 12.54 0.30 0.28 0.30 + 0.00 0.68 0.28 0.40 0.36 0.40 unch 0.00 1.03 0.36 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.07 0.00 0.07 unch 0.00 0.10 0.06 0.10 0.08 0.09 - 0.01 0.22 0.06 0.13 0.10 0.11 - 0.02 0.26 0.09 0.03 0.03 0.03 unch 0.00 0.16 0.03 0.14 0.12 0.14 unch 0.00 0.26 0.09 0.02 0.00 0.02 unch 0.00 0.07 0.02 1.36 1.19 1.24 - 0.09 2.60 0.89 1.02 0.90 0.90 - 0.10 2.07 0.71 0.19 0.00 0.18 + 0.01 0.80 0.02 0.26 0.24 0.25 + 0.02 0.91 0.21 0.01 0.00 0.01 + 0.00 0.04 0.00 0.06 0.05 0.06 + 0.01 0.14 0.03 0.07 0.06 0.07 + 0.01 0.18 0.05 0.05 0.05 0.05 - 0.01 0.10 0.03 0.41 0.37 0.38 - 0.04 0.47 0.17 0.33 0.28 0.28 - 0.02 0.39 0.12 0.26 0.23 0.26 + 0.04 0.32 0.15 0.17 0.14 0.14 - 0.04 0.30 0.06 0.23 0.16 0.18 - 0.05 0.39 0.16 0.06 0.05 0.05 unch 0.00 0.09 0.04 0.03 0.03 0.03 - 0.01 0.06 0.03 0.07 0.06 0.07 - 0.00 0.28 0.05 0.09 0.08 0.08 - 0.01 0.35 0.06 0.04 0.00 0.03 - 0.01 0.43 0.03 0.00 0.00 0.02 unch 0.00 0.11 0.01 0.03 0.00 0.03 - 0.01 0.13 0.02 0.00 0.00 0.09 unch 0.00 0.39 0.08 0.06 0.06 0.06 unch 0.00 0.14 0.04 64.05 62.07 63.61 + 0.82 68.23 50.49 0.05 0.05 0.05 - 0.01 0.12 0.05 0.04 0.04 0.04 - 0.01 0.09 0.03 0.00 0.00 0.00 unch 0.00 0.03 0.00 0.00 0.00 0.06 unch 0.00 0.09 0.05 0.07 0.07 0.07 unch 0.00 0.14 0.05 0.03 0.03 0.03 - 0.01 0.15 0.02 0.00 0.00 0.01 unch 0.00 0.12 0.01 0.21 0.19 0.21 + 0.01 0.29 0.13 0.03 0.01 0.01 + 0.01 0.06 0.01 0.04 0.04 0.04 + 0.00 0.12 0.02 0.05 0.05 0.05 unch 0.00 0.16 0.04 0.04 0.04 0.04 unch 0.00 0.38 0.03 0.20 0.20 0.20 + 0.06 0.30 0.13 0.05 0.03 0.05 + 0.01 0.11 0.02 0.06 0.05 0.06 + 0.02 0.14 0.04 0.03 0.02 0.03 + 0.01 0.05 0.02 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.14 0.12 0.13 + 0.01 0.25 0.10 0.18 0.16 0.18 + 0.01 0.32 0.13 0.00 0.00 0.18 unch 0.00 0.41 0.14 0.25 0.23 0.24 - 0.01 0.56 0.16 0.13 0.10 0.13 + 0.02 0.33 0.00 0.97 0.84 0.95 + 0.11 1.35 0.81 1.29 0.00 1.26 + 0.06 1.60 1.05 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

BonTerra Res V 245 O 95 BonTerra Res* Boreal Metals V 250 Borneo Res Inv* O 3911 Bravada Gold V 452 O 333 Bravada Gold* V 50 Braveheart Res Bravo Multinat* O 92 Brazil Min* O 8243 O 15 Brigadier Gold* V 93 Brigadier Gold BrightRock* O 3 O 41 Britannia Mng* V 350 Brixton Metals O 241 Brixton Metals* Broadway Gold V 559 O 347 Broadway Gold* Brookmount Exp* O 546 V 614 Brunswick Res Bryn Res* O 487 BTU Metals V 300 Buenaventura* N 6084 Bullfrog Gold* O 410 Bullion Gold* O 0 Bullion Gold V 273 Bunker Hill 18 BWR Explor V 290

2.92 2.75 2.78 + 0.03 5.80 2.55 2.21 2.06 2.09 + 0.04 2.87 0.22 0.08 0.06 0.08 + 0.02 0.37 0.04 0.00 0.00 0.00 + 0.00 0.00 0.00 0.09 0.08 0.09 unch 0.00 0.17 0.05 0.07 0.06 0.07 + 0.00 0.13 0.04 0.10 0.10 0.10 unch 0.00 0.12 0.06 0.67 0.51 0.51 - 0.09 0.95 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.10 0.10 0.10 unch 0.00 0.12 0.10 0.13 0.10 0.13 unch 0.00 0.26 0.05 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.15 0.13 0.14 - 0.02 0.49 0.13 0.12 0.10 0.11 - 0.00 0.39 0.10 0.08 0.06 0.07 - 0.01 0.45 0.06 0.06 0.03 0.05 - 0.00 0.36 0.02 0.02 0.01 0.01 - 0.00 0.03 0.00 0.04 0.02 0.02 - 0.02 0.05 0.02 0.07 0.05 0.07 + 0.01 0.09 0.00 0.11 0.09 0.10 - 0.01 0.14 0.04 16.70 15.75 15.96 - 0.67 16.83 11.67 0.06 0.04 0.04 + 0.00 0.15 0.04 0.00 0.00 0.23 unch 0.00 0.28 0.23 0.11 0.09 0.10 unch 0.00 0.47 0.09 0.08 0.00 0.08 + 0.03 3.15 0.03 0.04 0.04 0.04 - 0.01 0.09 0.03

Cabral Gold V 10 Cabral Gold* O 6 Cache Explor* O 100 Cache Explor V 936 O 50 Cadence Min* Cadillac Vent V 112 X 63 Caledonia Mng* Caledonia Mng T 24 Calibre Mng V 424 Calibre Mng* O 30 California Gld V 158 O 60 California Gld* O 88 Callinex Mines* V 190 Callinex Mines Cameco Corp* N 8344 Cameco Corp T 5280 O 63 Cameo Cobalt* V 3414 Cameo Cobalt Camino Min* O 448 Camino Min V 304 Camrova Res V 9 O 0 Camrova Res* V 327 Canada Carbon Canada Carbon* O 6 Canada Coal V 189 98 Canada Cobalt * O V 764 Canada Cobalt Canada One* O 1 Canada One V 45 Canada Rare V 118 Canada Rare* O 71 Canadian Metal* O 100 Canadian Metal 499 O 5 Canadian Ore* Canadian Ore V 82 Canadian Prem V 14 O 15 CanAlaska Uran* V 218 CanAlaska Uran O 23 Canamex Gold* Canarc Res T 461 Canarc Res* O 127 Canasil Res V 119 Candelaria Mg* O 0 V 77 Candelaria Mg T 184 Candente Coppr O 2 Candente Gold* Candente Gold V 330 Canex Energy V 60 V 30 CANEX Metals 24 CANEX Metals * O CaNickel Mng V 45 O 2 CaNickel Mng* Canstar Res V 36 Canstar Res* O 10 Canterra Mnls V 204 242 Cantex Mn Dev V Cantex Mn Dev* O 141 Canuc Res V 216 Canuc Res* O 9 T 2796 Capstone Mng O 5 Caracara Silvr* Cardero Res V 112 Cardero Res* O 0 Cardinal Res T 224 Cariboo Rose V 70 Carlin Gold V 170 Carrara Explor 5703 Cartier Iron 47 Cartier Res V 892 V 90 Carube Copper Casa Minerals V 156 V 983 Cascadero Copp 425 Castle Peak Mg V Cautivo Mining 743 CellCube Enrgy 3352 O 802 CellCube Enrgy* Centamin T 19 O 228 Centaurus Diam* O 42 Centenera Mng* Centenera Mng V 98 Centerra Gold T 2428 Central Iron V 38 133 Central Tim Ex V Centurion Mnls V 389 O 131 Century Cobalt* T 96 Century Global 290 Cerro de Pasc Cerro de Pasc * O 101 O 2 Cerro Grande* Cerro Grande 2 Cerro Mng V 2 Ceylon Graph V 317 V 115 Chakana Copper O 104 Chakana Copper* 34 Chalice Gold M* O Chalice Gold M T 273 V 16 Champion Bear O 0 Champion Bear* T 1015 Champion Iron Champion Iron* O 226 Chantrell Vent V 24 V 40 Chatham Rock O 0 Chatham Rock* Chesapeake Gld* O 49 V 61 Chesapeake Gld Chevron Corp* N 29028 567 Chiboug Ind Mn V Chilean Metals* O 13 V 85 Chilean Metals Chimata Gold 123 610 China Gold Int T Chinapintza Mg V 150 Cipher Res* O 20 Cipher Res V 30 V 247 Clarmin Explor Clean Comm V 283 Clean Comm* O 21 V 150 Cleghorn Mnls Cleveland-Clif* N 38983 Cliffmont Res V 2 Clifton Mng* O 218 Cloud Peak En* N 36501 CMC Metals* O 3 CMC Metals V 90 CMX Gold & Sil* O 2621 60 CMX Gold & Sil CNRP Mng 753 CNRP Mng* O 870 Cobalt 27 Cap V 2500 Cobalt Block V 252 Cobalt Block* O 47 Cobalt Pwr Grp* O 96 Cobalt Pwr Grp V 2117 14312 Coeur Mng* N Colibri Res* O 485 Colibri Res V 153 V 4 Colombia Crest O 6 Colombia Crest*

0.24 0.00 0.24 + 0.04 0.44 0.18 0.14 0.14 0.14 unch 0.00 0.32 0.14 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.04 0.04 0.04 + 0.01 0.09 0.03 0.01 0.00 0.00 - 0.00 0.01 0.00 0.04 0.03 0.03 - 0.01 0.05 0.01 6.37 5.92 5.99 - 0.16 9.94 5.01 8.28 7.90 8.00 - 0.10 12.50 6.87 0.74 0.42 0.74 + 0.33 1.30 0.30 0.55 0.30 0.46 + 0.16 0.55 0.03 0.27 0.20 0.27 + 0.05 0.38 0.19 0.21 0.16 0.21 + 0.05 0.32 0.13 0.09 0.06 0.08 + 0.00 0.37 0.05 0.11 0.09 0.11 - 0.01 0.45 0.08 12.33 11.41 12.12 + 0.55 12.78 8.34 16.30 15.19 16.07 + 0.59 16.70 10.50 0.08 0.04 0.07 + 0.03 0.99 0.03 0.11 0.07 0.10 + 0.04 0.45 0.05 0.11 0.08 0.11 + 0.03 0.33 0.07 0.15 0.11 0.14 + 0.03 0.43 0.09 0.07 0.07 0.07 unch 0.00 0.11 0.06 0.04 0.00 0.04 unch 0.00 0.14 0.00 0.12 0.11 0.11 - 0.02 0.18 0.04 0.09 0.09 0.09 unch 0.00 0.13 0.04 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.42 0.37 0.38 - 0.03 0.79 0.01 0.56 0.49 0.50 - 0.05 0.90 0.19 0.04 0.04 0.04 - 0.01 0.17 0.04 0.06 0.05 0.05 - 0.01 0.24 0.05 0.05 0.05 0.05 - 0.01 0.10 0.04 0.04 0.03 0.04 + 0.00 0.08 0.03 0.05 0.05 0.05 - 0.00 0.06 0.05 0.07 0.06 0.07 unch 0.00 0.20 0.05 0.24 0.24 0.24 unch 0.00 0.27 0.15 0.34 0.29 0.33 + 0.02 0.39 0.14 1.19 1.13 1.19 + 0.05 3.98 0.90 0.22 0.00 0.22 + 0.01 0.37 0.19 0.34 0.29 0.34 + 0.04 0.45 0.25 0.03 0.03 0.03 unch 0.00 0.22 0.03 0.07 0.06 0.06 + 0.01 0.09 0.03 0.05 0.04 0.05 + 0.01 0.07 0.02 0.09 0.00 0.09 unch 0.00 0.19 0.06 0.00 0.00 0.37 unch 0.00 0.71 0.06 0.40 0.34 0.39 - 0.02 0.90 0.23 0.06 0.06 0.06 - 0.01 0.14 0.06 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.03 0.02 0.02 - 0.01 0.05 0.02 0.16 0.11 0.15 + 0.04 0.40 0.11 0.05 0.04 0.05 + 0.01 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.06 0.06 0.06 unch 0.00 0.21 0.06 0.03 0.03 0.03 unch 0.00 0.15 0.03 0.14 0.12 0.13 + 0.01 0.40 0.08 0.07 0.07 0.07 unch 0.00 0.19 0.05 0.03 0.03 0.03 + 0.01 0.05 0.02 0.96 0.86 0.90 - 0.01 1.10 0.15 0.72 0.66 0.66 + 0.14 0.77 0.01 0.13 0.06 0.10 + 0.04 0.32 0.04 0.08 0.05 0.08 unch 0.00 0.24 0.05 0.69 0.60 0.62 - 0.05 1.58 0.48 0.09 0.00 0.09 unch 0.00 0.14 0.06 0.10 0.08 0.08 unch 0.00 0.19 0.06 0.00 0.00 0.05 unch 0.00 0.17 0.04 0.44 0.39 0.39 - 0.05 0.63 0.35 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.07 0.05 0.06 - 0.01 0.17 0.03 0.10 0.08 0.09 + 0.01 0.20 0.07 0.13 0.13 0.13 - 0.01 0.27 0.11 0.05 0.00 0.04 unch 0.00 0.10 0.04 0.18 0.17 0.18 unch 0.00 0.24 0.12 0.03 0.03 0.03 + 0.01 0.16 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.13 0.08 0.11 unch 0.00 0.54 0.08 0.17 0.13 0.15 - 0.03 0.76 0.13 0.13 0.10 0.11 - 0.02 0.60 0.10 2.08 1.95 2.04 - 0.03 2.96 1.40 0.15 0.10 0.15 unch 0.00 0.20 0.04 0.04 0.03 0.04 + 0.01 0.17 0.01 0.05 0.05 0.05 - 0.01 0.21 0.04 6.19 5.64 5.80 - 0.04 8.21 4.76 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.14 0.10 0.10 - 0.04 0.20 0.08 0.02 0.01 0.02 + 0.01 0.04 0.01 0.15 0.05 0.14 + 0.02 0.20 0.01 0.17 0.17 0.17 unch 0.00 0.29 0.11 0.28 0.26 0.27 - 0.01 0.37 0.22 0.21 0.18 0.20 + 0.01 0.25 0.16 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.17 0.17 0.17 unch 0.00 0.22 0.14 0.16 0.15 0.15 - 0.02 0.23 0.14 0.44 0.37 0.37 - 0.04 1.05 0.25 0.33 0.27 0.28 - 0.03 0.79 0.19 0.11 0.09 0.10 + 0.01 0.15 0.08 0.14 0.12 0.12 - 0.01 0.19 0.10 0.23 0.19 0.19 - 0.02 0.25 0.10 0.00 0.00 0.17 unch 0.00 0.17 0.10 1.15 1.07 1.09 - 0.03 1.52 0.89 0.85 0.81 0.82 - 0.01 1.18 0.70 0.08 0.04 0.05 - 0.03 0.12 0.04 0.19 0.18 0.18 unch 0.00 0.33 0.14 0.00 0.00 0.10 unch 0.00 0.26 0.10 1.64 1.42 1.42 - 0.10 2.94 1.10 2.17 1.90 1.90 - 0.05 3.65 1.51 114.00 109.92 112.54 + 1.72 133.88 100.22 0.06 0.05 0.06 unch 0.00 0.08 0.04 0.04 0.04 0.04 unch 0.00 0.12 0.01 0.07 0.05 0.05 - 0.03 0.34 0.03 0.08 0.07 0.07 - 0.01 0.15 0.05 1.62 1.48 1.52 - 0.06 3.19 1.53 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.08 0.08 0.08 unch 0.00 0.17 0.05 0.16 0.15 0.16 + 0.01 0.50 0.10 0.04 0.03 0.03 - 0.01 0.21 0.03 0.02 0.01 0.01 - 0.00 0.16 0.01 0.08 0.08 0.08 unch 0.00 0.14 0.08 8.91 8.17 8.60 + 0.13 13.10 6.30 0.14 0.00 0.14 + 0.01 0.90 0.11 0.08 0.07 0.08 + 0.00 0.10 0.05 0.43 0.31 0.34 + 0.01 5.70 0.26 0.04 0.04 0.04 unch 0.00 0.05 0.01 0.07 0.00 0.07 + 0.01 0.14 0.04 0.03 0.03 0.03 unch 0.00 0.09 0.03 0.05 0.05 0.05 unch 0.00 0.12 0.04 0.50 0.41 0.48 + 0.02 2.02 0.31 0.38 0.30 0.36 + 0.02 1.58 0.21 4.60 4.16 4.44 + 0.26 14.00 3.27 0.13 0.10 0.13 + 0.03 0.40 0.09 0.10 0.06 0.10 + 0.02 0.32 0.06 0.02 0.01 0.02 + 0.01 0.27 0.01 0.02 0.02 0.02 unch 0.00 0.33 0.01 5.18 4.64 4.92 + 0.08 8.94 3.80 0.03 0.03 0.03 unch 0.00 0.08 0.01 0.05 0.04 0.05 + 0.01 0.11 0.03 0.05 0.00 0.05 + 0.01 0.40 0.04 0.03 0.00 0.03 unch 0.00 0.10 0.01

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

919 Colonial Coal V 351 Colorado Res V 30 Colorado Res* O Colt Res* O 16 178 Columbus Gold T 205 Columbus Gold* O 20 Commander Res V 43 Commerce Res V 50 Commerce Res* O 10 Compass Gold* O 456 Compass Gold V Comstock Mng* X 2715 138 Comstock Mtls V 6 Comstock Mtls * O 5 Condor Gold* O 3 Condor Gold T 274 Condor Res V 53 Condor Res* O 8 Confedertn Ml* O 148 Confedertn Mls V 462 Conquest Res V 25 Conquest Res * O V 48 Cons Woodjam CONSOL Coal Rs* N 169 CONSOL Energy* N 14905 CONSOL Energy* N 1519 Constantine Mt* O 228 235 Constantine Mt V O 157 Contact Gold* Contact Gold V 158 O 21 Contact Mnrls* Contintl Gold* O 132 Contintl Gold T 1757 34 Contintl Prec V 551 Copper Fox Mtl V 11 Copper Fox Mtl* O 201 Copper Lake Rs V Copper Mtn Mng T 1721 96 Copper Mtn Mng* O 0 Copper North M* O 0 Copper North M V 118 Copper One V 1 Copper One * O 8 Copper Reef Mg Copperbank Res 1091 O 20 Copperbank Res* 15 Coral Gold * O 278 V Coral Gold 510 Cordoba Mnls V Cordoba Mnls* O 296 Core Gold V 584 Core Gold* O 130 Core Lithium* O 0 786 Cornerstone Ca V 119 Cornerstone Ca* O 878 Coro Mining T 25 Corsa Coal * O Corsa Coal V 26 Corvus Gold* O 51 Corvus Gold T 631 CR Capital V 85 0 Crazy Horse Res* O 49 Crest Resource 494 Critical Elem V Critical Elem* O 65 V 118 CROPS O 5 Crown Mining* Crown Mining V 110 Cruz Cobalt* O 262 305 Cruz Cobalt V 82 Crystal Lake V Crystal Lake* O 11 Crystal Peak* O 27 Crystal Peak V 45 O 1 CTGX Mining* 10 Currie Rose Rs V 4 Currie Rose Rs* O 50 Cyntar Venture Cypress Dev* O 149 Cypress Dev V 587

0.55 0.41 0.52 + 0.08 0.58 0.11 0.06 0.05 0.06 + 0.01 0.20 0.05 0.04 0.03 0.04 + 0.00 0.15 0.03 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.25 0.22 0.22 - 0.03 0.90 0.18 0.19 0.16 0.18 - 0.01 0.73 0.14 0.10 0.10 0.10 unch 0.00 0.25 0.07 0.06 0.06 0.06 unch 0.00 0.09 0.05 0.05 0.04 0.05 + 0.01 0.07 0.04 0.20 0.20 0.20 unch 0.00 0.30 0.25 0.34 0.24 0.25 - 0.05 0.74 0.16 0.17 0.14 0.15 - 0.02 0.49 0.12 0.05 0.04 0.04 + 0.01 0.08 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.01 0.43 0.43 0.43 unch 0.00 0.90 0.30 0.68 0.68 0.68 - 0.04 1.75 0.44 0.09 0.06 0.08 + 0.02 0.13 0.05 0.07 0.05 0.07 + 0.01 0.10 0.04 0.21 0.19 0.20 + 0.01 0.44 0.16 0.28 0.24 0.28 - 0.03 0.55 0.20 0.02 0.02 0.02 - 0.01 0.07 0.01 0.00 0.00 0.00 unch 0.00 0.06 0.00 0.03 unch 0.00 0.07 0.03 0.00 0.03 17.90 16.61 17.25 + 0.58 21.13 13.40 12.80 11.77 12.58 + 0.50 18.37 10.78 33.29 31.84 33.16 + 0.40 48.12 26.62 0.40 0.35 0.38 + 0.09 0.65 0.12 0.60 0.47 0.60 + 0.07 0.86 0.39 0.20 0.29 0.27 0.27 + 0.01 0.38 0.27 0.38 0.33 0.37 + 0.01 0.54 0.09 unch 0.00 0.45 0.16 0.16 0.16 1.41 0.22 3.22 1.62 - 1.95 1.61 2.60 2.14 2.17 - 0.30 4.13 1.95 0.37 0.00 0.36 unch 0.00 0.46 0.30 0.12 0.11 0.12 + 0.01 0.17 0.08 0.10 0.00 0.10 + 0.02 0.12 0.06 0.02 0.02 0.02 unch 0.00 0.10 0.01 0.92 0.78 0.90 + 0.11 1.54 0.65 0.70 0.61 0.66 + 0.06 1.29 0.48 0.00 0.00 0.02 unch 0.00 0.06 0.02 0.00 0.00 0.04 unch 0.00 0.10 0.04 0.16 0.15 0.15 - 0.01 0.21 0.10 0.10 0.10 0.10 unch 0.00 0.18 0.07 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.04 0.05 0.00 0.05 + 0.01 0.12 0.03 0.04 0.00 0.04 + 0.01 0.10 0.28 0.27 0.28 + 0.00 0.35 0.16 0.38 0.36 0.37 - 0.01 0.44 0.32 0.13 0.12 0.13 + 0.01 0.46 0.10 0.10 0.08 0.09 + 0.01 0.37 0.07 0.19 unch 0.00 0.35 0.25 0.23 0.23 0.14 0.19 0.17 0.18 + 0.01 0.34 0.10 unch 0.00 0.99 0.00 0.00 0.35 0.31 0.29 0.31 + 0.01 0.39 0.14 0.24 0.22 0.23 + 0.01 0.28 0.03 0.06 0.05 0.06 unch 0.00 0.16 0.05 0.55 0.00 0.54 + 0.01 2.20 0.37 0.61 unch 0.00 2.30 0.74 0.72 0.72 1.10 2.10 1.83 1.83 - 0.26 2.72 1.40 2.85 2.42 2.42 - 0.40 3.39 0.02 unch 0.00 0.15 0.05 0.05 0.05 0.00 0.00 0.08 unch 0.00 0.15 0.08 0.15 0.11 0.11 - 0.02 0.15 0.10 0.79 0.69 0.76 + 0.07 1.65 0.65 0.48 0.59 0.53 0.59 + 0.07 1.32 0.03 0.05 0.04 0.05 + 0.01 0.12 0.06 unch 0.00 0.21 0.07 0.07 0.07 0.07 0.11 0.00 0.09 - 0.01 0.28 0.05 0.04 0.05 + 0.01 0.35 0.03 0.07 0.06 0.07 + 0.01 0.41 0.05 0.32 0.30 0.30 - 0.02 1.12 0.27 0.19 0.27 0.22 0.22 - 0.03 0.83 0.13 0.15 0.13 0.15 + 0.01 0.42 0.16 0.20 0.18 0.20 + 0.02 0.52 0.10 unch 0.00 0.25 0.10 0.10 0.10 0.06 0.06 0.06 + 0.01 0.20 0.06 0.04 0.04 0.04 unch 0.00 0.07 0.04 0.09 0.09 0.09 unch 0.00 0.15 0.08 0.18 0.15 0.16 - 0.01 0.34 0.13 0.16 0.24 0.20 0.24 + 0.01 0.43

Dajin Res V 159 Dajin Res* O 257 Dakota Ter Res* O 245 Daleco Res* O 501 O 116 Danakali* 37 Debut Dmds Decade Res V 553 Declan Cobalt 189 O 18 Declan Cobalt* O 0 Deep-South Res* 31 Deep-South Res V 102 DeepRock Min 206 Defense Metals V Defiance Silvr V 302 O 277 Defiance Silvr* Delrand Res V 147 Delrey Metals 398 T 1749 Denison Mines X 2352 Denison Mines* Desert Gold V 64 Desert Lion* O 10 Desert Lion V 1035 52 Desert Mtn Egy* O 359 Desert Mtn Egy V Detour Gold T 2812 O 97 Diamante Min* Diamcor Mng V 98 O 713 Diamcor Mng* O 900 Diamond Disc* V 27 Diamond Fields O 2 Diamond Fields* Dios Expl V 68 O 202 Discovery Gold* V 166 Discovery Harb V 119 Discovery Met 121182 O Discovery Mnls* V 50 Discovery-Corp District Cop V 1985 Ditem Explor* O 22 O 50 Diversified Rs* DNI Metals 236 DNI Metals* O 155 O 72 Dolat Ventures* Dolly Vard Sil* O 181 400 Dolly Vard Sil V V 705 Doubleview Cap DRDGOLD* N 225 504 Duncan Park H V Dundee Prec Mt T 2842 O 8 Dunnedin Vent* Durango Res V 220 V 250 DV Resources 90 Dynacor Gld Mn T 16 Dynacor Gld Mn* O O 0 Dynamic Gold* O 26 DynaResource* Dynasty Gold V 43 E3 Metals* O 5 E3 Metals V 307 V 142 Eagle Graphite O 12 Eagle Graphite* Eagle Plains V 345 209 V East Africa 10 East Africa * O 549 East Asia Mnls V East Asia Mnls* O 429 EastCoal Inc V 1 1 Eastern Platin* O Eastern Platin T 71 Eastern Zinc 50 Eastfield Res V 1222 O 138 Eastmain Res* Eastmain Res T 2077 102 Eco Oro Mnls 36 Eco Oro Mnls* O eCobalt Solns T 1477 O 917 eCobalt Solns* V 13 Edgewater Expl O 40 Edison Cobalt* Edison Cobalt V 461 El Capitan Prc* O 162 El Nino Vent* O 423 85 El Nino Vent V 278 Elcora Adv Mat V Elcora Res* O 267

0.04 0.06 0.05 0.05 - 0.01 0.19 0.03 0.05 0.04 0.04 - 0.00 0.15 0.06 0.03 0.06 + 0.01 0.10 0.03 0.00 0.00 0.00 - 0.00 0.00 0.00 0.54 0.51 0.53 - 0.02 0.69 0.44 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.03 0.04 0.04 0.04 - 0.01 0.10 0.16 0.18 0.16 0.17 - 0.01 0.42 0.13 unch 0.00 0.30 0.00 0.00 0.13 0.09 unch 0.00 0.30 0.00 0.00 0.09 0.09 0.09 0.09 unch 0.00 0.45 0.06 0.09 0.00 0.09 + 0.03 0.10 0.06 0.25 0.21 0.22 - 0.01 0.25 0.12 0.17 0.27 0.23 0.25 - 0.02 0.44 0.12 0.21 0.17 0.19 - 0.01 0.35 0.25 0.35 0.30 0.35 + 0.01 1.70 0.19 0.01 0.50 0.19 - 0.21 0.19 0.54 0.70 0.65 0.65 - 0.02 0.89 0.43 0.53 0.49 0.50 - 0.01 0.69 0.14 0.18 0.15 0.15 - 0.03 0.30 0.05 unch 0.00 1.07 0.07 0.07 0.07 0.04 0.10 0.07 0.10 + 0.03 2.35 0.20 0.17 0.18 - 0.00 0.20 0.02 0.27 0.21 0.21 - 0.03 0.27 0.08 12.06 11.25 11.79 - 0.16 15.40 9.11 0.02 0.07 0.02 0.07 + 0.02 0.24 0.24 0.30 0.27 0.29 + 0.02 0.58 0.11 unch 0.00 0.46 0.23 0.18 0.23 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 0.10 0.07 0.10 + 0.03 0.15 0.04 0.04 0.00 0.04 - 0.04 0.08 0.05 0.06 0.05 0.06 + 0.01 0.19 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.05 0.05 0.04 0.04 - 0.01 0.08 0.17 0.25 0.20 0.24 + 0.04 0.50 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.03 unch 0.00 0.21 0.05 0.04 0.04 0.00 0.00 0.00 0.00 + 0.00 0.00 0.01 0.02 0.01 0.01 - 0.00 0.14 0.04 unch 0.00 0.15 0.07 0.06 0.07 0.03 0.06 0.04 0.06 - 0.00 0.12 0.10 0.25 0.17 0.25 + 0.02 5.40 0.40 0.31 0.33 + 0.02 0.84 0.22 0.55 0.42 0.44 + 0.02 1.04 0.29 0.06 0.12 0.10 0.12 + 0.01 0.13 1.76 2.27 2.03 2.05 - 0.10 3.38 0.01 0.01 0.01 unch 0.00 0.02 0.01 3.85 3.44 3.45 - 0.33 3.85 2.56 0.06 0.07 0.07 0.07 + 0.00 0.26 0.04 unch 0.00 0.09 0.08 0.07 0.07 0.08 unch 0.00 0.50 0.09 0.09 0.09 1.73 1.67 1.69 unch 0.00 2.26 1.41 1.30 1.24 1.25 + 0.00 1.85 1.02 0.75 unch 0.00 3.00 0.00 0.00 1.99 0.78 1.20 0.85 0.85 - 0.35 1.25 0.11 0.13 0.00 0.12 + 0.01 0.27 0.24 0.26 0.24 0.24 - 0.02 0.47 0.30 0.34 0.30 0.32 - 0.01 0.63 0.07 0.08 0.07 0.08 - 0.01 0.36 0.01 unch 0.00 0.18 0.06 0.06 0.06 0.08 0.12 0.10 0.11 + 0.01 0.29 0.17 0.16 0.16 + 0.01 0.36 0.14 0.11 0.11 0.11 unch 0.00 0.26 0.10 0.06 0.05 0.06 - 0.01 0.12 0.03 0.05 0.04 0.05 - 0.00 0.08 0.02 0.10 0.10 0.00 0.10 - 0.01 0.30 unch 0.00 0.37 0.12 0.14 0.14 0.14 0.17 0.22 0.19 0.21 + 0.03 0.50 0.09 0.17 0.16 0.16 - 0.12 0.56 0.03 0.04 0.03 0.04 + 0.01 0.06 0.11 0.14 0.12 0.13 - 0.00 0.26 0.14 0.18 0.16 0.16 - 0.02 0.34 0.25 0.00 0.25 + 0.04 0.42 0.15 0.77 0.00 0.15 - 0.61 0.77 0.00 0.45 0.65 0.51 0.55 - 0.08 1.98 0.32 0.49 0.35 0.41 - 0.07 1.59 0.10 0.11 0.00 0.11 + 0.01 0.18 0.04 0.06 0.06 0.06 + 0.00 0.24 0.05 0.07 0.06 0.06 - 0.01 0.36 0.02 0.01 0.01 - 0.00 0.05 0.00 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.05 0.00 0.05 unch 0.00 0.07 0.03 0.09 0.08 0.08 - 0.01 0.46 0.06 0.05 0.06 0.06 0.06 - 0.00 0.37

D-F

2019-01-14 4:48 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JANUARY 21–FEBRUARY 3, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Eldorado Gold* N 7242 T 3165 Eldorado Gold Eloro Res* O 3 Eloro Res V 28 Ely Gold Royal V 387 Ely Gold Royal* O 379 9 Elysee Dev * O Elysee Dev V 27 Emerita Res V 1317 Emgold Mng* O 2 Emgold Mng V 25 O 0 Empire Metals* Empire Metals V 10 EMX Royalty* X 404 EMX Royalty V 77 O 2 Encanto Potash* V 120 Encanto Potash EnCore Energy V 804 T 803 Endeavour Mng Endeavour Mng* O 9 N 3161 Endeavr Silver* T 701 Endeavr Silver Endurance Gold* O 20 V 20 Endurance Gold Energy Fuels* X 4544 Energy Fuels T 1360 Enforcer Gold V 77 Engineer Gold V 171 Engold Mines V 96 Engold Mines* O 50 Ensurge* O 143 Entree Res* X 302 Entree Res T 211 O 18 ePower Metals* ePower Metals V 257 Equinox Gold V 2832 Equitorial Ex V 559 Equitorial Ex* O 105 165 Erdene Res Dev T Erdene Res Dev* O 37 Erin Ventures V 161 Erin Ventures* O 3 Ero Copper* O 42 Ero Copper T 562 Eros Res Corp* O 1 89 Eros Res Corp V 89 Eros Res Corp V Eskay Mng V 143 V 80 Essex Minerals Ethos Gold* O 21 Ethos Gold V 55 V 135 Euro Manganese Euro Sun Mg* O 21 409 Euro Sun Mg T EurOmax Res* O 49 EurOmax Res T 27 O 801 European Elect* European Elect V 718 O 92 European Metal* Everton Res V 685 Everton Res* O 235 Evrim Res V 729 Excellon Res* O 310 Excellon Res T 603 Excelsior Mng* O 168 T 376 Excelsior Mng 259 ExGen Res Inc V ExGen Res Inc* O 3 Explor Res* O 63 Explor Res V 86 Explorex Res 310 O 34 Explorex Res* Fabled Copper V 36 Falco Res V 1342 Falco Res * O 11 Falcon Gold V 1321 V 167 Fancamp Expl Far Res 2029 Far Res* O 114 Fengro Industr* O 3 V 45 Fengro Industr 154 Filo Mg Corp V Finlay Minrls V 118 Fiore Gold* O 309 Fiore Gold V 294 4 Fire River Gol* O Firebird Res V 3 FireFox Gold V 168 V 5 Firestone Vent Fireweed Zinc V 83 O 18 Fireweed Zinc* O 94 Firma Holdings* First Cobalt * O 552 First Cobalt V 3277 First Colombia* O 5200 First Energy V 16 First Energy* O 5 First Majestic* N 11791 First Majestic T 2749 First Mexican V 130 T 4835 First Mg Fin First Mg Fin * O 4448 First Quantum T 18783 V 579 First Vanadium First Vanadium* O 182 V 478 Fission 3.0 Fission 3.0* O 87 Fission Uran* O 772 Fission Uran T 1064 Five Star Diam V 172 Fjordland Exp V 27 O 1447 Focus Graphite* Focus Graphite V 999 Foran Mng V 57 Forsys Metals T 469 388 Fort St J Nick V 1 Fort St James* O Fortescue Met* O 52 Fortuna Silvr T 1462 Fortuna Silvr* N 3359 Fortune Bay V 1 Fortune Bay* O 1 Fortune Mnrls* O 143 Fortune Mnrls T 1234 Forum Energy V 477 O 20 Forum Energy* Four Nines 2 Fox River Res 6 43 Fox River Res* O FPX Nickel V 257 N 2587 Franco-Nevada* T 2765 Franco-Nevada Franklin Mng* O 2 Freedom Egy V 1500 Freegold Vent T 62 N 101249 Freeport McMoR* Freeport Res V 421 Fremont Gold V 358 O 131 Fremont Gold* Fresnillo plc* O 75 Frontier Lith V 193 Frontline Gold V 614 Full Metal Mnl* O 0 Fura Gems V 216 Fura Gems* O 16 Fusion Gold V 70

3.40 3.01 3.06 - 0.21 7.35 2.73 4.51 4.00 4.07 - 0.31 9.05 3.56 0.33 0.33 0.33 unch 0.00 0.85 0.27 0.48 0.43 0.43 - 0.05 1.27 0.33 0.17 0.13 0.13 - 0.01 0.17 0.09 0.13 0.10 0.10 - 0.01 0.13 0.07 0.29 0.25 0.26 + 0.01 0.32 0.23 0.38 0.34 0.35 + 0.02 0.40 0.29 0.02 0.02 0.02 - 0.01 0.14 0.02 0.06 0.05 0.05 - 0.00 0.18 0.03 0.08 0.08 0.08 unch 0.00 0.22 0.05 0.00 0.00 0.15 unch 0.00 0.15 0.15 0.21 0.00 0.21 + 0.04 0.24 0.11 1.17 1.09 1.13 - 0.02 1.47 0.83 1.54 1.45 1.51 unch 0.00 1.80 1.01 0.13 0.12 0.13 - 0.00 0.22 0.02 0.19 0.17 0.18 - 0.01 0.65 0.14 0.14 0.12 0.12 - 0.02 0.14 0.05 22.54 21.33 21.67 - 0.78 26.86 16.34 16.82 16.21 16.30 - 0.50 21.72 12.38 2.30 2.12 2.20 - 0.07 3.35 1.76 3.07 2.82 2.92 - 0.13 4.40 2.27 0.04 0.03 0.04 unch 0.00 0.06 0.03 0.05 0.00 0.05 + 0.01 0.09 0.03 3.23 2.95 3.02 unch 0.00 4.09 1.49 4.27 3.93 4.01 - 0.02 5.38 1.82 0.08 0.00 0.08 unch 0.00 0.29 0.07 0.12 0.09 0.11 + 0.04 0.12 0.05 0.13 0.11 0.13 + 0.01 0.28 0.09 0.09 0.09 0.09 unch 0.00 0.21 0.08 0.05 0.02 0.05 - 0.00 0.09 0.02 0.44 0.41 0.41 - 0.01 0.69 0.33 0.58 0.55 0.56 - 0.02 0.85 0.42 0.19 0.19 0.19 + 0.05 0.42 0.12 0.31 0.22 0.28 + 0.06 0.58 0.14 1.11 1.03 1.05 unch 0.00 1.39 0.85 0.05 0.04 0.04 - 0.01 0.11 0.02 0.03 0.03 0.03 + 0.00 0.08 0.02 0.26 0.23 0.25 - 0.01 0.60 0.18 0.19 0.17 0.19 - 0.00 0.48 0.14 0.16 0.14 0.14 - 0.01 0.33 0.09 0.10 0.10 0.10 unch 0.00 0.23 0.08 8.06 7.73 8.02 + 0.17 9.17 5.75 11.08 10.25 10.89 + 0.29 12.35 6.87 0.00 0.00 0.05 unch 0.00 0.15 0.05 0.09 0.00 0.08 - 0.02 0.21 0.07 0.09 0.00 0.08 - 0.02 0.21 0.07 0.10 0.09 0.09 - 0.01 0.38 0.08 0.04 0.04 0.04 unch 0.00 0.20 0.03 0.17 0.15 0.15 - 0.01 0.22 0.09 0.22 0.00 0.22 + 0.01 0.30 0.12 0.21 0.19 0.21 + 0.02 0.25 0.15 0.35 0.00 0.34 - 0.01 1.40 0.27 0.48 0.42 0.44 - 0.02 1.82 0.37 0.06 0.05 0.06 + 0.00 0.24 0.01 0.08 0.06 0.07 unch 0.00 0.31 0.02 0.12 0.10 0.10 - 0.01 0.79 0.09 0.15 0.13 0.13 - 0.02 0.93 0.12 0.00 0.00 0.00 + 0.00 0.01 0.00 0.03 0.03 0.03 - 0.01 0.06 0.02 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.34 0.29 0.32 + 0.03 1.70 0.27 0.85 0.68 0.70 - 0.04 1.70 0.44 1.14 0.88 0.93 - 0.08 2.15 0.59 0.65 0.62 0.63 + 0.01 1.21 0.53 0.87 0.82 0.84 + 0.02 1.50 0.71 0.02 0.02 0.02 - 0.01 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.02 0.01 0.01 + 0.00 0.06 0.01 0.03 0.00 0.03 + 0.01 0.07 0.02 0.35 0.27 0.32 - 0.02 0.45 0.21 0.23 0.22 0.22 unch 0.00 0.31 0.18 0.09 0.08 0.08 - 0.01 0.09 0.04 0.54 0.39 0.39 - 0.01 1.13 0.28 0.31 0.26 0.31 + 0.04 0.89 0.18 0.05 0.03 0.04 + 0.01 0.08 0.03 0.05 0.05 0.05 + 0.01 0.18 0.04 0.11 0.07 0.10 + 0.02 1.10 0.06 0.08 0.05 0.08 + 0.02 0.88 0.04 0.03 0.03 0.03 unch 0.00 0.20 0.02 0.04 0.04 0.04 - 0.01 0.26 0.04 2.21 2.20 2.20 unch 0.00 2.75 2.00 0.04 0.03 0.03 unch 0.00 0.07 0.02 0.30 0.24 0.29 + 0.04 0.84 0.16 0.40 0.33 0.38 + 0.04 1.04 0.21 0.00 0.00 0.00 unch 0.00 2.41 0.00 0.02 0.00 0.02 - 0.01 0.06 0.02 0.32 0.30 0.31 + 0.01 0.35 0.27 0.07 0.07 0.07 unch 0.00 0.18 0.05 0.90 0.83 0.87 - 0.03 2.14 0.74 0.67 0.63 0.66 - 0.01 1.67 0.54 0.03 0.02 0.02 + 0.00 0.10 0.01 0.14 0.13 0.13 - 0.00 1.10 0.11 0.18 0.17 0.17 - 0.02 1.34 0.16 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.27 0.00 0.27 unch 0.00 0.43 0.10 0.17 0.00 0.17 + 0.05 0.32 0.10 6.33 5.83 5.98 - 0.23 8.48 4.59 8.45 7.76 7.94 - 0.37 11.09 6.12 0.02 0.02 0.02 + 0.01 0.07 0.01 0.40 0.32 0.37 - 0.03 0.63 0.21 0.31 0.24 0.28 - 0.01 0.50 0.16 11.56 9.94 11.19 + 0.87 23.05 9.45 0.92 0.77 0.77 + 0.01 1.96 0.26 0.69 0.57 0.59 + 0.02 1.60 0.21 0.22 0.19 0.22 + 0.03 0.30 0.08 0.16 0.13 0.15 - 0.00 0.22 0.02 0.46 0.41 0.44 + 0.03 0.70 0.35 0.60 0.54 0.57 + 0.03 0.88 0.49 0.08 0.05 0.07 + 0.02 0.25 0.05 0.10 0.09 0.09 - 0.01 0.33 0.09 0.03 0.02 0.03 + 0.00 0.07 0.01 0.04 0.03 0.04 unch 0.00 0.08 0.02 0.36 0.30 0.32 - 0.04 0.62 0.23 0.26 0.21 0.22 - 0.02 0.32 0.09 0.31 0.28 0.28 - 0.04 0.59 0.20 0.21 0.21 0.21 unch 0.00 0.21 0.18 3.39 3.10 3.26 + 0.17 4.30 2.53 5.22 4.89 4.94 - 0.13 7.78 4.22 3.95 3.67 3.71 - 0.07 6.08 3.16 0.23 0.00 0.23 - 0.03 0.45 0.20 0.17 0.00 0.17 - 0.02 0.32 0.10 0.08 0.07 0.07 - 0.01 0.28 0.00 0.11 0.10 0.10 - 0.01 0.35 0.07 0.05 0.04 0.05 + 0.01 0.09 0.04 0.03 0.00 0.03 + 0.00 0.07 0.02 0.31 0.00 0.31 unch 0.00 0.80 0.10 0.06 0.00 0.06 unch 0.00 0.15 0.05 0.04 0.04 0.04 + 0.00 0.05 0.04 0.14 0.11 0.12 - 0.01 0.18 0.08 70.44 67.97 70.31 + 1.09 80.21 58.26 93.47 90.20 93.31 + 0.59 99.93 76.53 0.00 0.00 0.00 - 0.00 0.00 0.00 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.07 0.06 0.07 unch 0.00 0.13 0.06 11.74 10.81 11.60 + 0.78 20.25 9.60 0.10 0.09 0.10 unch 0.00 0.10 0.04 0.15 0.14 0.15 - 0.01 0.22 0.09 0.12 0.11 0.11 - 0.03 0.18 0.07 12.48 11.34 12.15 + 1.15 19.93 9.35 0.33 0.31 0.32 unch 0.00 0.85 0.30 0.02 0.01 0.01 - 0.01 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.10 0.00 0.33 0.28 0.30 + 0.02 1.13 0.28 0.24 0.21 0.23 + 0.02 1.23 0.20 0.13 0.11 0.12 + 0.02 0.30 0.11

Gabriel Res V 265 Gabriel Res* O 31 Gainey Capital V 332 14 Galane Gold * O Galane Gold V 228 V 564 Galantas Gold O 30 Galantas Gold* Galore Res V 633 Galway Gold * O 149 Galway Gold V 100 Galway Mtls* O 76 Galway Mtls V 222 GAR Limited 2864 Garibaldi Res V 671 Garibaldi Res * O 138 Gatling Explor V 158 O 26 Gatling Explor* General Moly T 29 General Moly* X 1379 Generation Min* O 3 Generation Min 15 Generic Gold 187 Genesis Mtls* O 14 Genesis Mtls V 969 Genius Metals 63 V 1351 Gensource Pot

0.40 0.34 0.40 + 0.05 0.45 0.29 0.30 0.24 0.27 + 0.01 0.33 0.20 0.06 0.05 0.06 + 0.01 0.15 0.04 0.04 0.03 0.03 - 0.01 0.06 0.03 0.06 0.05 0.06 - 0.01 0.07 0.04 0.09 0.08 0.08 - 0.02 0.15 0.08 0.06 0.06 0.06 unch 0.00 0.10 0.06 0.03 0.03 0.03 - 0.01 0.06 0.02 0.09 0.09 0.09 unch 0.00 0.12 0.07 0.13 0.11 0.11 - 0.02 0.36 0.10 0.15 0.15 0.15 + 0.00 0.30 0.10 0.22 0.18 0.18 - 0.04 0.38 0.13 0.13 0.11 0.11 unch 0.00 0.65 0.07 1.04 0.98 0.98 - 0.02 3.60 0.95 0.77 0.74 0.74 - 0.01 2.82 0.70 0.40 0.38 0.38 - 0.01 0.58 0.13 0.29 0.27 0.29 + 0.01 0.31 0.26 0.42 0.33 0.37 + 0.05 0.63 0.22 0.33 0.24 0.28 + 0.04 0.46 0.16 0.07 0.07 0.07 unch 0.00 0.11 0.03 0.11 0.10 0.10 unch 0.00 0.20 0.08 0.05 0.00 0.05 - 0.01 0.32 0.03 0.07 0.07 0.07 - 0.00 0.12 0.04 0.11 0.09 0.09 - 0.02 0.15 0.05 0.19 0.17 0.19 - 0.01 0.25 0.12 0.12 0.10 0.12 + 0.02 0.16 0.08

G-H

12-15_JAN21_StockTables.indd 13

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Gentor Res V 6 V 100 Geomega Res Geomega Res* O 2 201 Gespeg Cop Res V Getty Copper V 3 V 175 GFG Resources O 80 GFG Resources* GGL Res* O 36 GGL Res V 5 GGX Gold V 1143 GGX Gold* O 2 Giga Metals V 74 Giga Metals* O 72 Gitennes Expl V 141 Giyani Gold V 3487 Giyani Gold* O 645 Glacier Lake* O 750 Glacier Lake V 1096 O 140 Gldn Predator* Gldn Predator V 2255 200 Glen Eagle Res V Glencore Plc* O 2028 Global Atomic V 389 O 74 Global Energy* Global Energy V 496 Global Gold* O 2 Global Li-Ion 233 Global Li-Ion* O 64 Global Vanad V 4 GlobalMin Vent* O 2 Globex Mng* O 10 Globex Mng T 27 GMV Minerals V 163 O 19 GMV Minerals* GNCC Capital* O 29394 Go Cobalt 141 GobiMin V 8 GoGold Res T 635 O 21 Gold Dynamics* Gold Fields* O 3 22107 Gold Fields* N 158 Gold Finder Ex V Gold Finder Ex* O 2 Gold Lakes* O 100 Gold Reserve* O 113 Gold Reserve V 83 X 2197 Gold Resource* Gold Rush Cari V 240 675 Gold Std Vents T Gold Std Vents* X 1096 V 0 Goldbank Mng O 0 Goldbank Mng* Goldcliff Res* O 50 Goldcliff Res V 13 Goldcorp T 16751 Goldcorp* N 36044 Golden Arrow V 214 Golden Arrow* O 302 Golden Band* O 232 Golden Cariboo V 34 787 Golden Dawn Ml V Golden Dawn Ml* O 25 O 428 Golden Goliath* V 528 Golden Goliath Golden Hope* O 10 Golden Hope V 5 Golden Mnls T 95 Golden Mnls* X 1265 V 10 Golden Pursuit Golden Pursuit* O 0 T 3564 Golden Queen Golden Queen* O 7114 Golden Ridge V 1170 V 91 Golden Secret Golden Share V 128 Golden Star T 177 Golden Star* X 1573 Golden Sun* O 72 Golden Tag V 17 Golden Valley V 132 O 52 Golden Valley* Goldex Res* O 3 Goldex Res V 20 T 516 Goldgroup Mng Goldgroup Mng* O 206 GoldMining T 1427 GoldMining* O 969 GoldON Res V 1 GoldON Res* O 2 Goldplay Expl V 144 V 225 GoldQuest Mng Goldrea Res 148 Goldrea Res* O 11 O 116 Goldrich Mng* Goldsource Min* O 196 V 340 Goldsource Min Goldstar Mnls V 250 V 550 Goldstream Mnl V 204 Goldstrike Res GoldTrain Res 176 Goliath Res V 359 Goliath Res* O 100 Gossan Res V 140 O 1928 GoviEx Uranium* GoviEx Uranium V 6075 Gowest Gold* O 10 Gowest Gold V 205 GPM Metals V 392 O 117 Gran Colombia* Gran Colombia T 424 Granada Gold V 96 Granada Gold* O 18 V 152 Grande Portage O 68 Grande Portage* Graphite Egy* O 193 Graphite Egy 109 Graphite One* O 439 Graphite One V 246 Gratomic V 8472 Gratomic* O 1 80 Gray Rock Res V Great Atlantic V 105 728 Great Bear Res V 60 Great Bear Res* O Great Lakes Gr* O 219 545 Great Lakes Gr V Great Panther T 326 X 2448 Great Panther* 0 Great Quest Fe* O Great Thunder V 228 Green Arrow V 480 Green River 570 241 Green Swan Cap V V 223 Greencastle Rs Greenland M&En* O 172 O 0 Grenville Gold* Grenville Gold 0 Grid Metals V 171 Grid Metals* O 105 Grizzly Discvr* O 27 Grizzly Discvr V 101 Group Eleven V 168 84 Group Ten Mtls* O 363 Group Ten Mtls V GrowMax Res* O 104 214 GrowMax Res V GSP Resource V 19 GT Gold V 6545 O 244 GT Gold * GTA Res & Mng V 190 V 151 Guerrero Vents Gungnir Res V 234 Gungnir Res* O 129 V 68 Gunpoint Expl Guyana Gldflds T 2200 V 355 Guyana Goldstr Guyana Goldstr* O 24 Handa Mining V 2 O 2 Handeni Gold* Hannan Metals V 17 O 31 Hannan Metals* Happy Ck Mnrls V 83 V 169 Harfang Explor N 13283 Harmony Gold* Harte Gold* O 157 Harte Gold T 2002 Harvest Gold* O 148 Harvest Gold V 451 O 2 Havilah Mining* Havilah Mining V 51 V 594 Hawkeye Gld&Di Heatherdale Rs V 67 29127 Hecla Mining* N Helio Res V 44 Helio Res* O 6

0.06 0.06 0.06 unch 0.00 0.12 0.06 0.08 0.08 0.08 - 0.01 0.20 0.06 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.04 0.04 0.04 unch 0.00 0.05 0.02 0.00 0.00 0.03 unch 0.00 0.07 0.02 0.22 0.20 0.20 - 0.01 0.52 0.17 0.16 0.00 0.15 unch 0.00 0.40 0.14 0.05 0.05 0.05 unch 0.00 0.13 0.05 0.09 0.09 0.09 unch 0.00 0.18 0.07 0.08 0.06 0.08 + 0.01 0.16 0.05 0.06 0.06 0.06 - 0.00 0.11 0.04 0.25 0.22 0.24 + 0.01 0.66 0.15 0.20 0.17 0.18 - 0.01 0.52 0.12 0.03 0.03 0.03 - 0.01 0.10 0.03 0.09 0.07 0.08 - 0.01 0.40 0.07 0.07 0.06 0.06 - 0.02 0.31 0.06 0.00 0.00 0.01 unch 0.00 0.06 0.01 0.02 0.02 0.02 + 0.01 0.11 0.01 0.23 0.19 0.23 + 0.01 0.68 0.15 0.33 0.27 0.32 + 0.03 0.83 0.20 0.12 0.12 0.12 - 0.01 0.25 0.11 7.60 7.25 7.56 + 0.34 11.68 6.72 0.36 0.30 0.32 - 0.04 0.45 0.20 0.04 0.04 0.04 + 0.00 0.22 0.03 0.06 0.05 0.05 - 0.01 0.27 0.04 1.30 1.30 1.30 - 0.20 4.77 1.30 0.13 0.07 0.13 + 0.06 0.66 0.06 0.07 0.04 0.07 + 0.03 0.53 0.04 0.20 0.20 0.20 unch 0.00 0.28 0.19 0.86 0.85 0.86 + 0.01 140.00 0.55 0.25 0.23 0.23 - 0.02 0.40 0.19 0.33 0.31 0.33 + 0.01 0.51 0.25 0.20 0.09 0.20 + 0.11 0.32 0.07 0.10 0.08 0.10 + 0.02 0.25 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.28 0.15 0.21 - 0.03 0.38 0.07 0.24 0.24 0.24 unch 0.00 0.44 0.20 0.28 0.26 0.27 + 0.01 0.53 0.19 0.00 0.00 0.00 unch 0.00 0.01 0.00 3.30 3.30 3.30 unch 0.00 4.25 2.40 3.79 3.52 3.69 + 0.02 4.54 2.20 0.10 0.09 0.10 unch 0.00 1.85 0.06 0.08 0.00 0.08 + 0.02 1.28 0.04 0.03 0.00 0.01 unch 0.00 0.10 0.01 2.30 0.00 2.30 + 0.18 3.06 1.84 3.16 2.79 2.85 - 0.02 3.87 2.50 4.45 4.08 4.33 + 0.19 7.33 3.61 0.07 0.06 0.06 unch 0.00 0.35 0.05 1.76 1.67 1.72 - 0.01 2.46 1.46 1.32 1.24 1.28 - 0.01 2.01 1.08 0.00 0.00 0.08 unch 0.00 0.21 0.07 0.00 0.00 0.10 unch 0.00 0.14 0.10 0.06 0.04 0.06 + 0.02 0.18 0.03 0.08 0.00 0.08 + 0.02 0.23 0.05 13.05 12.46 12.86 - 0.12 19.32 11.00 9.83 9.38 9.69 - 0.02 15.55 8.42 0.36 0.32 0.34 - 0.01 0.70 0.22 0.27 0.24 0.25 - 0.01 0.57 0.17 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.04 0.04 - 0.01 0.12 0.03 0.04 0.03 0.04 unch 0.00 0.56 0.02 0.03 0.03 0.03 unch 0.00 0.31 0.02 0.02 0.01 0.02 + 0.01 0.05 0.00 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.06 0.04 0.06 + 0.01 0.09 0.04 0.07 0.00 0.07 + 0.01 0.11 0.06 0.46 0.36 0.43 + 0.07 0.60 0.26 0.35 0.27 0.32 + 0.04 0.48 0.19 0.11 0.11 0.11 unch 0.00 0.21 0.08 0.00 0.00 0.06 unch 0.00 0.13 0.06 0.14 0.05 0.05 - 0.08 0.24 0.05 0.10 0.03 0.04 - 0.05 0.18 0.03 0.13 0.11 0.11 + 0.01 0.54 0.08 2.00 1.55 2.00 + 0.49 5.00 1.40 0.17 0.15 0.17 unch 0.00 0.30 0.09 4.90 4.28 4.46 - 0.13 5.65 3.24 3.72 3.27 3.37 - 0.04 4.41 2.43 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.05 0.05 - 0.01 0.08 0.03 0.26 0.25 0.25 + 0.01 0.30 0.22 0.19 0.18 0.19 + 0.01 0.25 0.16 0.08 0.08 0.08 - 0.00 1.96 0.08 0.13 0.00 0.11 - 0.03 2.56 0.08 0.05 0.05 0.05 + 0.01 0.09 0.04 0.04 0.03 0.04 + 0.00 0.07 0.03 1.03 0.90 0.91 + 0.02 1.54 0.71 0.78 0.66 0.70 + 0.02 1.21 0.52 0.00 0.00 0.13 unch 0.00 0.20 0.12 0.09 0.09 0.09 unch 0.00 0.11 0.09 0.21 0.18 0.21 + 0.03 0.32 0.14 0.14 0.12 0.13 unch 0.00 0.46 0.09 0.09 0.05 0.08 + 0.04 0.38 0.04 0.06 0.00 0.05 + 0.02 0.30 0.03 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.05 0.04 0.05 + 0.00 0.09 0.02 0.07 0.05 0.07 + 0.01 0.10 0.04 0.04 0.03 0.04 + 0.01 0.12 0.03 0.08 0.06 0.08 + 0.02 0.18 0.04 0.10 0.08 0.09 - 0.01 0.25 0.07 0.14 0.11 0.14 + 0.04 0.40 0.11 0.09 0.08 0.08 - 0.01 0.33 0.07 0.07 0.07 0.07 unch 0.00 0.21 0.05 0.09 0.08 0.09 unch 0.00 0.12 0.05 0.12 0.10 0.11 + 0.00 0.20 0.10 0.15 0.13 0.15 + 0.01 0.26 0.13 0.04 0.03 0.03 - 0.01 0.14 0.02 0.05 0.04 0.04 - 0.01 0.20 0.03 0.05 0.04 0.05 unch 0.00 0.08 0.03 2.51 2.33 2.40 + 0.05 2.62 1.57 3.37 3.09 3.16 + 0.01 3.45 2.00 0.18 0.17 0.18 - 0.01 0.42 0.12 0.14 0.12 0.14 + 0.01 0.33 0.10 0.12 0.10 0.12 + 0.01 0.34 0.10 0.09 0.07 0.09 - 0.00 0.25 0.07 0.03 0.02 0.02 - 0.00 1.56 0.01 0.04 0.00 0.03 - 0.01 1.76 0.02 0.04 0.02 0.03 + 0.00 0.09 0.02 0.04 0.04 0.04 - 0.01 0.12 0.03 0.16 0.13 0.15 unch 0.00 0.32 0.08 0.12 0.12 0.12 unch 0.00 0.21 0.07 0.08 0.07 0.07 - 0.01 0.24 0.05 0.07 0.05 0.06 - 0.01 0.15 0.04 2.41 1.98 2.03 - 0.24 3.50 0.40 1.79 1.50 1.52 - 0.19 2.65 0.33 0.04 0.02 0.02 - 0.01 0.08 0.01 0.05 0.04 0.04 - 0.01 0.06 0.02 0.99 0.89 0.91 - 0.04 1.86 0.70 0.74 0.67 0.68 - 0.03 1.45 0.54 0.07 0.07 0.07 unch 0.00 0.11 0.05 0.02 0.01 0.01 - 0.01 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.17 0.02 0.06 0.05 0.06 + 0.01 0.09 0.03 0.03 0.03 0.03 + 0.01 0.09 0.02 0.06 0.05 0.06 + 0.01 0.18 0.05 0.05 0.05 0.05 - 0.00 0.08 0.04 0.00 0.00 0.07 unch 0.00 0.07 0.06 0.00 0.00 0.40 unch 0.00 0.70 0.12 0.13 0.11 0.11 - 0.02 0.42 0.05 0.10 0.08 0.09 - 0.01 0.35 0.04 0.05 0.05 0.05 - 0.00 0.11 0.05 0.07 0.06 0.06 - 0.01 0.15 0.05 0.12 0.10 0.12 + 0.01 0.30 0.10 0.15 0.13 0.15 + 0.01 0.23 0.09 0.20 0.17 0.19 + 0.01 0.28 0.12 0.06 0.00 0.06 + 0.01 0.13 0.05 0.09 0.08 0.09 + 0.01 0.19 0.07 0.25 0.22 0.25 - 0.02 0.26 0.22 0.94 0.59 0.61 - 0.08 2.15 0.41 0.66 0.45 0.46 - 0.06 1.62 0.31 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.09 0.09 0.09 unch 0.00 0.30 0.06 0.09 0.08 0.08 unch 0.00 0.39 0.07 0.07 0.06 0.07 + 0.01 0.29 0.05 0.48 0.00 0.41 unch 0.00 0.55 0.16 1.85 1.63 1.67 - 0.04 5.42 1.24 0.25 0.22 0.25 unch 0.00 0.39 0.19 0.20 0.17 0.19 + 0.02 0.28 0.14 0.00 0.00 0.04 unch 0.00 0.11 0.03 0.02 0.02 0.02 unch 0.00 0.13 0.02 0.08 0.07 0.07 unch 0.00 0.36 0.05 0.06 0.05 0.05 - 0.01 0.30 0.04 0.17 0.16 0.16 - 0.01 0.23 0.13 0.20 0.19 0.20 + 0.01 0.34 0.18 1.94 1.82 1.86 - 0.01 2.53 1.43 0.33 0.31 0.32 + 0.01 0.40 0.22 0.44 0.41 0.42 unch 0.00 0.55 0.29 0.05 0.03 0.05 + 0.01 0.08 0.03 0.06 0.05 0.05 - 0.01 0.10 0.04 0.23 0.00 0.21 - 0.02 0.35 0.18 0.31 0.00 0.29 - 0.04 0.69 0.25 0.05 0.04 0.04 - 0.01 0.12 0.04 0.03 0.00 0.03 unch 0.00 0.07 0.02 2.93 2.52 2.71 + 0.13 4.63 2.17 0.09 0.07 0.09 + 0.02 0.38 0.06 0.05 0.05 0.05 unch 0.00 0.25 0.04

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Hemcare Health* O 100 Heron Res* O 22 Highbank Res V 140 V 509 Highland Copp Highland Copp* O 126 50 Highway 50 Gld V HiHo Silver 112 HiHo Silver* O 99 Hinterland Mtl V 51 Hochschild Mg* O 86 O 267 Homeland Egy* 734 Honey Badger E V Horizonte Mnls T 703 13 Hornby Bay Mnl* O Hornby Bay Mnl V 18 HudBay Min* N 4054 HudBay Min T 7147 Hudson Res V 93 Hudson Res* O 14 Hunt Mng* O 98 Hunt Mng V 65 30 Hut 8 Mining* O Hut 8 Mining V 277 V 115 Hybrid Mineral Hycroft Mg* O 175

1.18 1.00 1.08 + 0.08 1.38 0.05 0.38 0.35 0.35 unch 0.00 0.60 0.35 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.10 0.08 0.08 - 0.01 0.16 0.06 0.08 0.06 0.07 - 0.00 0.13 0.04 0.20 0.20 0.20 unch 0.00 0.48 0.15 0.04 0.03 0.04 + 0.01 0.14 0.03 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.03 0.00 0.03 unch 0.00 0.05 0.02 2.35 2.01 2.35 + 0.34 3.39 1.96 2.85 2.57 2.65 - 0.11 3.05 0.18 0.04 0.04 0.04 - 0.01 0.20 0.03 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.02 0.01 0.01 unch 0.00 0.07 0.00 0.03 0.03 0.03 + 0.01 0.08 0.00 5.50 4.97 5.38 + 0.34 10.25 3.44 7.28 6.64 7.13 + 0.37 12.65 4.51 0.45 0.41 0.45 + 0.02 0.64 0.35 0.35 0.31 0.35 + 0.02 0.52 0.27 0.18 0.11 0.13 + 0.01 0.41 0.09 0.23 0.16 0.21 + 0.05 0.51 0.10 1.35 0.00 1.24 - 0.05 3.74 0.85 1.84 1.50 1.69 - 0.12 5.00 1.06 0.08 0.07 0.07 - 0.01 0.55 0.06 0.02 0.02 0.02 unch 0.00 0.13 0.01

I-Minerals V 38 I-Minerals* O 81 IAMGOLD* N 22631 IAMGOLD T 7813 Iconic Mnls * O 188 Iconic Mnls V 1567 IDM Mining* O 309 IDM Mining V 12736 IEMR Res V 15 iMetal Res V 660 V 365 IMPACT Silver T 471 Imperial Metal Imperial Metal* O 6 11 Imperial Mg Gr V Inca One Gold* O 78 Inca One Gold V 1239 28 Inception Mng * O Independence G* O 5 V 292 Independence G Indico Res V 28 Indigo Expl V 80 Infinite Lith V 97 Infinite Lith* O 2 Inform Res V 16 Infrastructure* O 435 Inomin Mines V 225 O 0 Inspiration Mg* Intact Gold V 252 Integra Res* O 419 Integra Res V 1525 O 4 Intercontinent* Intercontinent V 844 Intgr Egy Sol* O 5827 Intl Battery* O 210 Intl Battery 147 6 Intl Bethl Mng V Intl Cobalt* O 234 Intl Cobalt 807 Intl Corona V 60 Intl Lithium* O 69 Intl Lithium V 286 Intl Montoro V 115 Intl Prospect * O 45 Intl Prospect V 31 Intl Samuel Ex* O 25 Intl Samuel Ex V 1220 Intl Star* O 4005 Intl Tower Hil* X 633 46 Intl Tower Hil T Intl Zeolite V 665 Intl Zeolite* O 38 Intrepid Pots* N 3080 INV Metals* O 30 INV Metals T 104 Inventus Mg V 81 13 Inventus Mg * O O 250 InZinc Mining* InZinc Mining V 253 O 73 Ireland* Irving Res 207 Irving Res* O 131 IsoEnergy Ltd V 164 Itafos* O 2 V 128 Itafos Itoco Inc* O 0 O 310 Ivanhoe Mines* T 3256 Ivanhoe Mines Jade Leader* O 26 Jade Leader V 223 Jaeger Res V 5 Jaguar Mng T 780 Jaguar Mng* O 242 Japan Gold V 411 Japan Gold* O 147 Jasper Mng V 23 O 30 Jaxon Mining* Jaxon Mining V 640 Jayden Res* O 1 Jayden Res V 221 Jazz Res V 8 Jiulian Res V 1356 Jourdan Res V 640 Juggernaut Exp V 761 O 273 Juggernaut Exp* Jupiter Gold* O 0 K2 Gold V 41 K92 Mining* O 898 K92 Mining V 4025 V 72 Kaizen Discov Kaizen Discvry* O 10 Kal Minerals 10 Karmin Expl V 26 Karnalyte Res T 210 Karoo Expl V 221 KAT Expl* O 318319 Katanga Mng T 2015 V 427 Kenadyr Mining Kenadyr Mining* O 9 Kermode Res V 2965 Kerr Mines* O 285 Kerr Mines T 622 V 94 Kesselrun Res Kesselrun Res* O 4 Kestrel Gold V 245 Khan Res 13 O 370 Kilo Goldmines* V 1503 Kilo Goldmines Kincora Copper* O 2 V 31 Kincora Copper Kings Bay Res* O 2 337 Kings Bay Res V V 20 Kingsmen Res Kingsmen Res* O 2 21183 Kinross Gold T Kinross Gold* N 58760 Kintavar Exp V 243 Kirkland Lake* N 5078 Kirkland Lake T 3933 O 96 Klondike Gold* Klondike Gold V 456 Klondike Silv* O 13 Klondike Silv V 397 Knick Expl V 812 V 225 Kombat Copper Komet Resource V 333 O 117 Kootenay Silvr* V 831 Kootenay Silvr Kootenay Zinc 3 O 1 Kootenay Zinc* Kore Mining * O 3 Kore Mining V 389 Kutcho Copper * O 159 KWG Res* O 63 KWG Res 234

0.15 0.11 0.12 + 0.01 0.35 0.11 0.11 0.07 0.11 + 0.04 0.28 0.07 3.97 3.61 3.64 - 0.18 6.52 2.75 5.24 4.80 4.81 - 0.27 8.20 3.64 0.12 0.10 0.11 - 0.01 0.28 0.06 0.17 0.13 0.15 - 0.02 0.43 0.08 0.06 0.05 0.05 + 0.00 0.09 0.03 0.07 0.06 0.07 + 0.01 0.11 0.04 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.11 0.10 0.11 - 0.01 0.15 0.07 0.30 0.27 0.29 + 0.02 0.56 0.20 2.06 1.55 1.75 unch 0.00 3.19 0.93 1.51 0.00 1.32 + 0.00 2.51 0.72 0.07 0.07 0.07 unch 0.00 0.27 0.05 0.04 0.03 0.04 + 0.00 0.09 0.02 0.05 0.04 0.05 unch 0.00 0.11 0.04 0.14 0.00 0.14 + 0.00 0.33 0.00 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.07 0.06 0.06 + 0.01 0.14 0.04 0.01 0.00 0.01 + 0.01 0.03 0.01 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.11 0.09 0.09 - 0.02 0.38 0.07 0.06 0.06 0.06 unch 0.00 0.29 0.05 0.06 0.06 0.06 unch 0.00 0.31 0.06 0.00 0.00 0.00 + 0.00 0.00 0.00 0.03 0.03 0.03 - 0.01 0.20 0.03 0.00 0.00 0.02 unch 0.00 0.20 0.02 0.08 0.07 0.08 - 0.01 1.18 0.06 0.69 0.60 0.68 + 0.04 1.83 0.44 0.91 0.80 0.90 + 0.02 1.40 0.61 0.24 0.22 0.24 unch 0.00 0.47 0.12 0.33 0.26 0.27 - 0.06 0.65 0.14 0.00 0.00 0.00 + 0.00 0.00 0.00 0.17 0.13 0.14 - 0.00 0.69 0.10 0.21 0.18 0.19 + 0.01 0.89 0.13 0.00 0.00 0.04 unch 0.00 0.14 0.03 0.04 0.03 0.04 + 0.01 0.31 0.02 0.05 0.03 0.05 unch 0.00 0.45 0.03 0.04 0.03 0.04 unch 0.00 0.08 0.03 0.04 0.03 0.03 - 0.00 0.18 0.02 0.05 0.05 0.05 + 0.01 0.23 0.03 0.06 0.06 0.06 unch 0.00 0.08 0.04 0.12 0.10 0.10 - 0.03 0.25 0.10 0.16 0.00 0.16 unch 0.00 0.38 0.12 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.05 0.04 0.04 - 0.01 0.22 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.58 0.49 0.51 - 0.05 0.78 0.35 0.77 0.62 0.68 - 0.06 0.99 0.48 0.15 0.10 0.14 + 0.03 0.47 0.05 0.10 0.09 0.10 + 0.01 0.36 0.01 3.26 2.78 3.16 + 0.32 5.31 2.51 0.58 0.58 0.58 unch 0.00 0.61 0.26 0.79 0.62 0.73 + 0.10 0.79 0.35 0.14 0.00 0.13 - 0.01 0.26 0.11 0.11 0.09 0.10 + 0.01 0.20 0.08 0.04 0.04 0.04 unch 0.00 0.19 0.03 0.06 0.05 0.05 - 0.01 0.24 0.04 0.09 0.05 0.08 + 0.02 0.19 0.03 1.91 1.72 1.80 - 0.07 1.94 0.78 1.44 1.30 1.37 - 0.04 1.46 0.62 0.50 0.45 0.48 + 0.02 0.73 0.28 0.73 0.73 0.73 - 0.01 2.25 0.69 0.96 0.89 0.90 - 0.05 2.90 0.89 0.00 0.00 0.06 unch 0.00 0.36 0.02 1.97 1.76 1.90 + 0.00 3.55 1.50 2.59 2.34 2.53 unch 0.00 4.32 2.00 0.17 0.16 0.16 + 0.02 0.38 0.13 0.26 0.20 0.21 unch 0.00 0.50 0.19 0.03 0.00 0.03 - 0.01 0.05 0.02 0.21 0.20 0.21 unch 0.00 0.41 0.18 0.16 0.15 0.16 - 0.00 0.33 0.13 0.21 0.18 0.18 - 0.03 0.33 0.07 0.16 0.13 0.14 - 0.02 0.26 0.06 0.13 0.09 0.09 - 0.04 0.29 0.07 0.04 0.04 0.04 + 0.00 0.24 0.04 0.07 0.06 0.07 + 0.01 0.29 0.05 0.12 0.00 0.12 unch 0.00 0.12 0.06 0.17 0.15 0.16 + 0.01 0.20 0.08 0.05 0.05 0.05 unch 0.00 0.09 0.03 0.12 0.09 0.11 - 0.01 0.18 0.02 0.04 0.03 0.03 - 0.01 0.13 0.03 0.16 0.14 0.14 - 0.01 0.59 0.10 0.12 0.11 0.11 + 0.00 1.10 0.10 0.00 0.00 2.25 unch 0.00 2.25 2.00 0.24 0.23 0.23 unch 0.00 0.33 0.16 0.88 0.69 0.86 + 0.16 0.83 0.33 1.18 0.93 1.13 + 0.19 1.11 0.42 0.07 0.06 0.07 + 0.02 0.13 0.05 0.05 0.03 0.05 + 0.02 0.10 0.03 0.12 0.12 0.12 unch 0.00 0.20 0.12 0.75 0.73 0.73 + 0.03 1.10 0.60 0.36 0.21 0.31 + 0.08 0.61 0.17 0.09 0.07 0.07 - 0.03 0.95 0.06 0.00 0.00 0.00 + 0.00 0.00 0.00 0.75 0.52 0.73 + 0.19 2.55 0.36 0.09 0.08 0.08 - 0.01 0.21 0.08 0.06 0.06 0.06 unch 0.00 0.16 0.05 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.11 0.09 0.10 + 0.01 0.28 0.07 0.15 0.12 0.12 - 0.02 0.34 0.11 0.04 0.04 0.04 unch 0.00 0.15 0.03 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.03 0.02 0.02 unch 0.00 0.07 0.01 0.06 0.06 0.06 unch 0.00 0.18 0.05 0.01 0.01 0.01 + 0.00 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.08 0.00 0.08 + 0.00 0.23 0.08 0.13 0.11 0.12 + 0.01 0.29 0.10 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.04 0.04 0.04 + 0.01 0.13 0.03 0.39 0.34 0.34 - 0.05 0.45 0.12 0.26 0.25 0.26 + 0.01 0.33 0.09 4.39 4.13 4.26 - 0.10 5.90 3.15 3.28 3.11 3.19 - 0.05 4.78 2.38 0.28 0.24 0.28 + 0.02 0.65 0.11 26.96 24.69 26.51 + 0.56 26.88 13.09 35.77 32.81 35.22 + 0.47 36.12 16.54 0.15 0.13 0.14 - 0.00 0.34 0.10 0.21 0.19 0.20 + 0.01 0.44 0.17 0.04 0.00 0.03 - 0.01 0.08 0.03 0.05 0.05 0.05 + 0.01 0.10 0.05 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.07 0.05 0.07 + 0.01 0.35 0.05 0.17 0.14 0.16 - 0.01 0.48 0.14 0.13 0.11 0.13 + 0.01 0.20 0.08 0.16 0.15 0.16 unch 0.00 0.25 0.11 0.07 0.00 0.07 unch 0.00 0.85 0.05 0.06 0.00 0.06 + 0.01 0.66 0.03 0.09 0.09 0.09 unch 0.00 0.09 0.02 0.14 0.10 0.14 + 0.05 5.00 0.08 0.26 0.23 0.24 + 0.01 0.76 0.14 0.01 0.00 0.01 + 0.01 0.02 0.00 0.01 0.01 0.01 + 0.01 0.02 0.01

Labdr Iron Mns* O 59 V 99 Labrador Gold Labrador Iron T 627 O 2500 Lake Resources* Lara Expl V 71 Laramide Res T 826 Laredo Res* O 902 Largo Res T 5929 Largo Res* O 1691 Lateral Gold V 15

0.03 0.00 0.00 - 0.00 0.11 0.00 0.22 0.19 0.20 unch 0.00 0.35 0.14 25.18 23.92 24.69 + 0.44 31.36 20.44 0.09 0.09 0.09 unch 0.00 0.09 0.09 0.45 0.43 0.43 - 0.01 0.84 0.41 0.44 0.38 0.39 - 0.04 0.52 0.24 0.01 0.00 0.01 - 0.00 0.05 0.00 3.27 2.83 2.89 - 0.09 4.65 1.06 2.46 2.14 2.17 - 0.06 3.56 0.84 0.30 0.25 0.30 + 0.05 0.89 0.25

I-J-K

L

(100s) Stock

Week

13

12-month

Exc Volume High Low Last Change High Low

Latin Am Mnls V 1416 61 Latin Am Mnls* O Laurion Mnl Ex* O 5 249 Laurion Mnl Ex V Le Mare Gold* O 18 275 Le Mare Gold V LeadFX Inc* O 1 Leading Edge* O 288 Leading Edge V 592 Leagold Mg* O 321 Leagold Mg T 832 12143 Leeta Gold V Leo Res* O 9 Lepanto Con Mg* O 969 Levon Res Ltd T 127 Levon Res Ltd * O 109 O 1 Libero Copper* Libero Copper V 1 Liberty Gold* O 176 Liberty One Li V 781 Liberty One Li* O 837 LiCo Energy* O 66 LiCo Energy V 60 Lincoln Mng V 88 Lion One Mtls V 96 45 Lion One Mtls* O 170 Lions Bay Cap V Lions Bay Mg 11 0 Lions Bay Mg * O Lithion Energy* O 0 N 454 Lithium Amer* 511 Lithium Amer T Lithium Chile* O 32 Lithium Chile V 199 Lithium Corp* O 215 O 38 Lithium Energi* V 124 Lithium Energi Lithium Energy V 45 Lithium Expl* O 1892 Lithoquest Dia V 111 LKA Gold* O 45 O 3 Lode-Star Mg* Lomiko Mtls* O 245 Lomiko Mtls V 637 Loncor Res* O 19 Loncor Res T 59 Lone Star Gold* O 910 Lonmin plc* O 5 Lonmin plc* O 33 Lorraine Coppr* O 20 V 233 Lorraine Coppr 89 Los Andes Copp V LSC Lithium* O 49 Lucara Diam T 2705 Lucky Mnls V 944 30 Lucky Mnls * O Luckystrike * O 2 Luckystrike V 66 Lumina Gold* O 60 Lumina Gold V 99 Luminex Res V 24 Lundin Gold T 119 Lundin Mng T 11943 Lupaka Gold V 152 Lydian Intl* O 124 Lydian Intl T 2143 Lynas Corp* O 113 Lynas Corp* O 57

0.03 0.02 0.02 - 0.01 0.13 0.01 0.01 0.01 0.01 unch 0.00 0.10 0.01 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.10 0.08 0.10 + 0.01 0.11 0.04 0.09 0.00 0.06 + 0.02 0.32 0.00 0.15 0.08 0.08 - 0.02 0.39 0.08 0.67 0.67 0.67 unch 0.00 1.57 0.65 0.17 0.14 0.14 - 0.02 0.75 0.11 0.23 0.19 0.21 + 0.01 0.93 0.15 1.50 1.35 1.40 - 0.03 2.63 0.95 1.99 1.78 1.83 - 0.08 3.17 1.28 0.46 0.32 0.39 + 0.08 3.45 0.24 0.09 0.08 0.08 - 0.02 0.60 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.17 0.15 0.16 + 0.01 0.39 0.12 0.13 0.11 0.11 - 0.01 0.32 0.09 0.05 0.05 0.05 unch 0.00 0.19 0.04 0.00 0.00 0.08 unch 0.00 0.15 0.07 0.27 0.22 0.23 - 0.02 0.39 0.21 0.18 0.12 0.14 + 0.02 0.96 0.07 0.14 0.08 0.11 + 0.03 0.73 0.04 0.09 0.06 0.09 + 0.01 0.18 0.01 0.13 0.10 0.10 - 0.02 1.90 0.07 0.03 0.02 0.03 + 0.01 0.05 0.01 0.42 0.38 0.40 - 0.01 0.76 0.38 0.32 0.30 0.30 - 0.01 0.62 0.29 0.05 0.05 0.05 unch 0.00 0.14 0.04 0.12 0.00 0.11 unch 0.00 0.15 0.11 0.00 0.00 0.08 unch 0.00 0.08 0.08 0.04 0.04 0.04 unch 0.00 0.11 0.02 3.48 3.25 3.35 - 0.04 9.53 2.75 4.61 4.31 4.45 - 0.07 11.94 3.74 0.43 0.39 0.41 + 0.03 0.97 0.34 0.60 0.52 0.54 unch 0.00 1.23 0.50 0.13 0.11 0.12 + 0.00 0.60 0.10 0.17 0.14 0.17 + 0.03 0.53 0.11 0.22 0.19 0.21 - 0.02 0.68 0.15 0.14 0.11 0.11 - 0.03 1.20 0.09 0.01 0.01 0.01 - 0.00 0.08 0.00 0.22 0.17 0.22 + 0.05 0.88 0.13 0.40 0.11 0.15 + 0.02 0.43 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.04 0.03 0.04 + 0.01 0.18 0.02 0.05 0.04 0.05 + 0.01 0.31 0.04 0.07 0.06 0.06 unch 0.00 0.09 0.04 0.10 0.09 0.09 + 0.01 0.14 0.06 0.01 0.00 0.01 + 0.00 0.03 0.00 0.53 0.53 0.53 unch 0.00 0.90 0.53 0.71 0.64 0.71 + 0.11 1.24 0.45 0.10 0.07 0.10 + 0.03 0.12 0.01 0.14 0.13 0.14 - 0.01 0.19 0.07 0.24 0.17 0.24 + 0.04 0.35 0.15 0.50 0.50 0.50 + 0.10 1.26 0.24 1.66 1.41 1.61 + 0.17 2.72 1.38 0.14 0.11 0.14 unch 0.00 0.21 0.09 0.11 0.00 0.10 + 0.00 0.16 0.06 0.12 0.00 0.12 unch 0.00 0.35 0.11 0.22 0.18 0.18 - 0.04 0.55 0.14 0.44 0.40 0.42 - 0.01 0.67 0.35 0.57 0.54 0.57 + 0.02 0.85 0.46 0.68 0.60 0.67 + 0.03 1.05 0.51 5.02 4.76 4.83 - 0.20 5.52 4.33 6.06 5.73 5.90 - 0.05 9.21 4.70 0.10 0.09 0.09 - 0.01 0.29 0.09 0.14 0.11 0.12 + 0.01 0.50 0.05 0.18 0.16 0.18 + 0.02 0.63 0.07 1.23 1.11 1.18 + 0.13 2.20 1.05 1.23 1.13 1.19 + 0.11 2.20 1.06

M M2 Cobalt* O 13 0.20 0.18 0.18 + 0.06 0.61 0.12 V 64 0.03 0.03 0.03 unch 0.00 0.08 0.02 Macarthur Mnl Macarthur Mnl* O 12 0.03 0.02 0.03 + 0.01 0.06 0.01 O 1 0.02 0.02 0.02 unch 0.00 0.08 0.02 MacDonald Mns* MacDonald Mns V 92 0.04 0.00 0.04 + 0.01 0.10 0.03 V 28 0.04 0.04 0.04 unch 0.00 0.05 0.02 Madeira Mrnls MAG Silver T 813 11.21 10.54 11.04 + 0.32 15.59 8.10 Magellan Gold* O 178 2.00 0.03 1.71 + 0.36 2.00 0.60 0.03 Magna Terra V 266 0.04 0.03 0.04 + 0.01 0.06 Majestic Gold* O 5 0.06 0.05 0.05 - 0.01 0.08 0.03 0.04 Majestic Gold V 14 0.08 0.00 0.07 - 0.02 0.11 0.04 Makena Res 197 0.05 0.00 0.05 + 0.01 0.23 Mako Mining V 709 0.18 0.16 0.16 - 0.01 0.29 0.13 0.10 Mako Mining* O 20 0.13 0.11 0.12 - 0.00 0.23 Mammoth Res V 248 0.07 0.05 0.06 - 0.01 0.16 0.03 0.04 Manado Gold V 134 0.05 0.05 0.05 - 0.01 0.15 T 3138 0.13 0.10 0.12 + 0.02 0.30 0.05 Mandalay Res Mandalay Res* O 1444 0.10 0.07 0.10 + 0.02 0.24 0.03 0.09 Manganese X V 90 0.12 0.00 0.12 + 0.01 0.28 Mangazeya Mng V 518 0.05 0.04 0.04 unch 0.00 0.05 0.02 O 3 0.02 0.02 0.02 unch 0.00 0.03 0.01 Mangazeya Mng* 0.04 0.04 0.04 unch 0.00 0.13 0.03 Manitou Gold * O 300 Manitou Gold V 409 0.05 0.04 0.05 + 0.01 0.17 0.04 0.09 Maple Gold V 1065 0.12 0.10 0.10 - 0.01 0.34 Maple Gold* O 600 0.09 0.08 0.08 - 0.00 0.27 0.06 O 239 0.63 0.59 0.63 + 0.04 0.96 0.49 Marathon Gold* T 745 0.85 0.79 0.83 + 0.03 1.20 0.65 Marathon Gold Margaret Lake V 40 0.05 0.04 0.05 unch 0.00 0.16 0.02 unch 0.00 0.34 0.03 Margaux Res V 262 0.04 0.04 0.04 Margaux Res* O 460 0.02 0.02 0.02 unch 0.00 0.23 0.01 0.01 Marifil Mines* O 2 0.05 0.05 0.05 - 0.00 0.17 unch 0.00 0.24 0.06 Marifil Mines V 75 0.07 0.06 0.06 Maritime Res V 240 0.10 0.09 0.09 unch 0.00 0.14 0.07 unch 0.00 0.07 0.04 Martina Mnls V 60 0.04 0.04 0.04 MartinMarietta* N 2941 181.31 174.41 177.99 + 1.60 241.33 150.75 0.04 Mas Gold V 123 0.09 0.08 0.09 + 0.01 0.14 O 237 0.50 0.37 0.38 - 0.08 2.08 0.32 Mason Graphite* Mason Graphite V 629 0.63 0.49 0.50 - 0.12 2.58 0.44 V 23 0.25 0.20 0.24 unch 0.00 0.30 0.15 Matachewan Con Matica Ent 4260 0.13 0.11 0.12 + 0.01 0.75 0.07 0.04 Matica Ent* O 265 0.10 0.08 0.08 + 0.00 0.60 V 24 2.50 2.30 2.30 - 0.12 2.85 1.33 Maverix Metals Maverix Metals* O 23 1.90 1.75 1.75 - 0.03 2.10 1.03 0.19 Mawson Res T 129 0.26 0.22 0.24 + 0.03 0.63 Mawson Res* O 56 0.19 0.16 0.16 - 0.01 0.48 0.13 O 30 0.11 0.10 0.11 + 0.01 0.48 0.07 MaxTech Vent* 0.10 MaxTech Vent 26 0.15 0.14 0.14 + 0.02 0.60 Maxwell Res* O 500 0.00 0.00 0.00 unch 0.00 0.01 0.00 52 1.48 0.00 1.39 - 0.08 2.35 1.25 Maya Gold &Sil* O Maya Gold &Sil T 77 1.90 1.73 1.73 - 0.16 3.02 1.63 V 74 0.11 0.07 0.08 - 0.04 0.18 0.04 Mazarin 0.01 MBMI Res* O 121 1.00 0.01 0.02 - 0.98 1.00 MBMI Res V 143 0.04 0.02 0.02 + 0.01 0.13 0.02 0.50 McChip Res V 13 0.85 0.75 0.75 - 0.10 0.90 McEwen Mng T 955 2.56 2.39 2.40 - 0.13 3.28 2.24 N 7314 1.93 1.80 1.81 - 0.07 2.55 1.68 McEwen Mng* 0.02 McLaren Res 483 0.05 0.03 0.03 + 0.01 0.19 MDN Inc* O 4 0.18 0.15 0.15 + 0.02 0.28 0.13 150 0.05 0.04 0.04 - 0.01 0.26 0.03 Meadow Bay Gd Meadow Bay Gd* O 0 0.00 0.00 0.03 unch 0.00 0.28 0.02 1.95 Mechel* N 291 2.28 2.07 2.27 + 0.19 5.50 V 331 0.13 0.10 0.12 + 0.02 0.18 0.08 Medallion Res Medallion Res* O 172 0.09 0.07 0.09 + 0.02 0.14 0.06 unch 0.00 0.51 0.12 Medgold Res V 86 0.15 0.13 0.13 Medgold Res* O 100 0.11 0.11 0.11 + 0.01 0.38 0.09 O 4030 0.00 0.00 0.00 + 0.00 0.01 0.00 Medinah Mnrls* unch 0.00 0.18 0.16 Mega Copper V 2 0.16 0.16 0.16 Mega Uranium T 1733 0.13 0.12 0.12 - 0.01 0.23 0.11 O 96 0.10 0.08 0.09 + 0.00 0.19 0.07 Mega Uranium* Megastar Dev V 4 0.05 0.00 0.05 unch 0.00 0.11 0.04 O 21 0.13 0.11 0.13 + 0.03 0.21 0.09 MegumaGold* 0.12 MegumaGold 89 0.17 0.15 0.17 + 0.01 0.30 Melior Res V 0 0.00 0.00 0.64 unch 0.00 1.45 0.56 0.07 Melior Res* O 5 0.50 0.43 0.43 - 0.08 0.62 Melkior Res V 1330 0.13 0.09 0.10 - 0.03 0.13 0.04 0.05 Meridian Mg V 35 0.14 0.00 0.12 + 0.02 0.67 1 0.08 0.07 0.08 + 0.02 0.47 0.07 Meridian Mg * O Meridius Res V 21 0.21 0.21 0.21 unch 0.00 0.21 0.18 O 4 0.01 0.01 0.01 - 0.00 0.03 0.01 Meryllion Res* Meryllion Res 121 0.02 0.00 0.02 unch 0.00 0.08 0.02 unch 0.00 0.04 0.01 MetalCorp V 161 0.02 0.02 0.02 unch 0.00 0.06 0.02 Metalex Vent V 136 0.03 0.02 0.03 Metalla Rylty* O 690 0.61 0.57 0.60 - 0.01 0.71 0.48 0.62 Metalla Rylty V 384 0.81 0.75 0.79 - 0.02 0.88 Metallic Mnrls V 92 0.20 0.18 0.19 - 0.02 0.50 0.15 O 83 0.15 0.14 0.15 + 0.00 0.40 0.11 Metallic Mnrls* O 60 0.02 0.02 0.02 + 0.00 0.05 0.02 Metallica Min* Metallis Res V 146 0.50 0.42 0.45 - 0.04 1.53 0.39 0.15 Metalo Manuf 8 0.35 0.30 0.35 + 0.05 0.57 Metalore Res V 2 1.63 1.63 1.63 unch 0.00 3.00 1.40 0.02 Metals Creek* O 204 0.04 0.03 0.03 - 0.01 0.08 unch 0.00 0.11 0.04 Metals Creek V 339 0.05 0.05 0.05 Metals X* O 41 0.30 0.28 0.30 + 0.01 0.96 0.27 O 13 0.15 0.13 0.15 + 0.02 0.34 0.10 Mexican Gold* Mexus Gold* O 7224 0.01 0.01 0.01 + 0.00 0.06 0.01 O 498 0.35 0.29 0.32 - 0.02 1.58 0.22 MGX Minerals* 0.30 MGX Minerals 542 0.44 0.40 0.42 - 0.02 1.96 Midas Gold T 1833 1.10 0.94 1.02 - 0.06 1.21 0.59 0.46 Midas Gold* O 2072 0.83 0.70 0.77 - 0.04 0.95 Midland Expl V 28 1.00 0.00 0.98 + 0.08 1.41 0.66 unch 0.00 0.40 0.11 Midnight Star 7 0.20 0.20 0.20 0.10 Midnight Sun V 79 0.16 0.14 0.15 - 0.02 0.48 Millennial Lit* O 30 1.16 0.97 1.01 + 0.09 3.87 0.67 1.04 Millennial Lit V 386 1.55 1.30 1.35 + 0.09 4.80

2019-01-14 4:48 PM

14

WWW.NORTHERNMINER.COM

JANUARY 21–FEBRUARY 3, 2019 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Millrock Res* O 219 Millrock Res V 259 Minaurum Gold V 204 O 267 Minaurum Gold* Minco Silver* O 57 Minco Silver T 67 Minecorp Egy * O 40 59 Minera Alamos * O Minera Alamos V 711 Minera IRL 164 Mineral Hill V 43 Mineral Mtn* O 50 Mineral Mtn V 246 Mineral Res* O 2 MineralRite* O 15000 Mineworx Tech V 428 Mineworx Tech* O 147 Minfocus Expl V 98 Minfocus Expl* O 15 Mining Global* O 35400 Minnova Corp V 743 Minsud Res V 165 Miramont Res* O 368 Miramont Res 952 Miranda Gold V 3053 Mirasol Res V 124 Mistango River 175 MK2 Ventures V 0 MK2 Ventures * O 3 Mkango Res V 187 ML Gold* O 505 ML Gold Corp V 6470 Monarca Mnrls* O 50 Monarca Mnrls V 121 Monarques Res T 337 Monarques Res* O 144 Moneta Porcpn T 860 O 268 Moneta Porcpn* Monitor Vent* O 12 Monitor Vent V 49 Monster Uran* O 4 Monster Uran V 25 Montan Mg* O 84 Montan Mg V 221 Montego Res 41 Montego Res* O 20 Montero Mg&Ex * O 7 Montero Mg&Ex V 5 Monument Mng V 333 Morien Res* O 0 Morien Res V 78 Mosaic* N 15463 Mountain Boy V 175 Mountain Prov T 423 Mountain Prov* D 179 Mundoro Cap* O 19 Mundoro Cap V 299 V 245 Murchison Min MX Gold* O 69

0.10 0.07 0.09 - 0.00 0.31 0.05 0.13 0.10 0.12 - 0.01 0.40 0.08 0.52 0.45 0.47 - 0.03 0.67 0.25 0.38 0.33 0.35 - 0.03 0.52 0.20 0.35 0.32 0.35 - 0.01 0.68 0.24 0.49 0.43 0.48 + 0.02 0.84 0.35 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.09 0.07 0.08 + 0.02 0.15 0.06 0.11 0.09 0.11 + 0.01 0.19 0.09 0.06 0.05 0.05 - 0.01 0.14 0.05 0.17 0.00 0.15 - 0.01 0.27 0.09 0.10 0.00 0.09 - 0.01 0.60 0.05 0.14 0.12 0.13 - 0.01 0.74 0.07 11.45 11.45 11.45 + 1.60 16.10 9.85 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.14 0.13 0.13 unch 0.00 0.40 0.11 0.11 0.09 0.10 + 0.00 0.33 0.08 0.04 0.03 0.04 + 0.01 0.42 0.03 0.03 0.03 0.03 unch 0.00 0.04 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.77 0.60 0.65 - 0.05 0.93 0.43 0.08 0.06 0.08 unch 0.00 0.21 0.05 0.35 0.26 0.26 - 0.08 0.35 0.12 0.45 0.35 0.36 - 0.09 0.59 0.13 0.03 0.02 0.03 + 0.01 0.06 0.01 1.40 1.19 1.32 + 0.12 2.60 0.97 0.03 0.03 0.03 unch 0.00 0.07 0.01 0.00 0.00 0.22 unch 0.00 0.39 0.15 0.16 0.16 0.16 unch 0.00 0.16 0.12 0.12 0.10 0.12 unch 0.00 0.24 0.10 0.03 0.02 0.02 - 0.01 0.26 0.02 0.04 0.02 0.02 - 0.02 0.32 0.02 0.03 0.03 0.03 + 0.00 0.09 0.01 0.04 0.03 0.04 + 0.01 0.11 0.02 0.23 0.21 0.22 + 0.01 0.42 0.15 0.19 0.15 0.16 - 0.00 0.35 0.11 0.16 0.13 0.16 + 0.02 0.19 0.07 0.12 0.10 0.12 + 0.02 0.15 0.06 0.30 0.15 0.16 - 0.04 0.80 0.12 0.30 0.00 0.24 - 0.02 0.98 0.16 0.10 0.10 0.10 unch 0.00 0.10 0.04 0.15 0.15 0.15 unch 0.00 0.50 0.13 0.04 0.04 0.04 unch 0.00 0.04 0.01 0.06 0.05 0.05 - 0.02 0.11 0.03 0.07 0.05 0.07 + 0.01 0.45 0.04 0.05 0.05 0.05 unch 0.00 0.32 0.08 0.06 0.06 0.06 unch 0.00 0.23 0.06 0.08 0.08 0.08 unch 0.00 0.34 0.07 0.07 0.06 0.06 - 0.01 0.09 0.05 0.00 0.00 0.30 unch 0.00 0.56 0.30 0.52 0.46 0.51 + 0.04 0.68 0.42 31.72 30.07 31.64 + 1.25 37.37 22.90 0.22 0.20 0.21 - 0.02 0.43 0.15 1.93 1.70 1.75 - 0.14 3.72 1.54 1.45 1.29 1.31 - 0.11 2.92 1.16 0.17 0.16 0.16 - 0.01 0.17 0.06 0.24 0.21 0.24 - 0.01 0.25 0.09 0.08 0.08 0.08 unch 0.00 0.25 0.06 0.00 0.00 0.00 + 0.00 0.09 0.00

NA Frac Sand* O 13 NACCO Ind* N 49 Namibia Crit V 67 Namibia Crit* O 10 Napier Vent V 3 Natural Res Pt* N 100 Nautilus Mnrls T 1176 Nautilus Mnrls* O 1551 Navy Res V 125 Nemaska Lith T 4457 Nemaska Lith* O 214 Neo Lithium V 642 Neometals* O 47 Network Expl* O 1 Network Expl V 134 Nevada Clean M V 718 Nevada Clean M* O 544 Nevada Copper T 400 O 4 Nevada Energy* Nevada Energy V 5 Nevada Expl * O 289 Nevada Expl V 799 Nevada Sunrise* O 272 Nevada Sunrise V 189 Nevada Zinc V 75 Nevado Res V 0 Nevsun Res* X 937 Nevsun Res T 1395 New Age Metals* O 236 New Age Metals V 1285 New Carolin Gd* O 45 249 New Carolin Gd V New Destiny Mg V 240 New Dimen Res V 420 New Dimen Res* O 0 New Egy Min* O 125 New Energy Met V 275 New Gold* X 30269 New Gold T 12380 New Guinea Gld* O 407 New Jersey Mng* O 402 New Milln Iron* O 555 New Milln Iron T 790 New Nadina V 38 New Nadina* O 4 New Oroperu V 1 New Pac Metals* O 18 87 New Pac Metals V New Point Expl 10323 234 New Tech Lith New Tech Lith* O 379 New World Res V 5 Newlox Gold 5 Newmac Res V 20 Newmont Mng* N 25416 Newport Expl V 30 O 40 NewRange Gold* NewRange Gold V 74 Nexa Resources T 93 Nexa Resources* N 2154 Nexco Res 30 Nexgen Energy* X 1511 Nexgen Energy T 6554 NextSource Mat T 1245 Nexus Gold* O 465 Nexus Gold V 1966 NGEx Res* O 1 NGEx Res T 154 Nickel Creek T 341 Nickel Creek* O 347 Nickel North V 59 Nickel One Res V 247 Nicola Mg Inc* O 25 327 Nicola Mg Inc V Nighthawk Gold T 786 Nighthawk Gold* O 98 V 105 Niobay Metals Niocan Inc V 88 Niocorp Dev T 332 Niocorp Dev* O 381 Nippon Dragon V 622 Nippon Dragon* O 214 Nitinat Mnls V 75 NKWE Platinum* O 40 Noble Metal V 500 Noble Mineral* O 100 Noble Mineral V 470 Noka Res* O 175 Noram Vent V 358 Noranda Alum* O 33 Nordic Gold* O 94 Nordic Gold V 110 Noront Res V 443 Norsemont Cap 38 Nortec Mnls* O 4 Nortec Mnls V 162 North Am Nickl V 230 North Am Nickl* O 17 North Am Pall T 31 North Am Pall* O 25 North Arrow Mn* O 5 North Arrow Mn V 152 North Bay Res * O 38117 Northcliff Res T 29 Northern Light 742 Northern Uran V 754

0.00 0.00 0.00 unch 0.00 0.02 0.00 38.03 35.47 35.72 + 0.26 45.90 28.77 0.18 0.13 0.18 + 0.05 0.46 0.07 0.13 0.10 0.13 + 0.03 2.77 0.07 0.26 0.26 0.26 unch 0.00 0.51 0.20 39.80 37.90 38.94 + 0.64 39.86 26.55 0.08 0.05 0.07 + 0.01 0.39 0.05 0.06 0.04 0.05 + 0.01 0.31 0.03 0.16 0.16 0.16 unch 0.00 0.32 0.15 0.75 0.68 0.69 - 0.03 2.20 0.56 0.56 0.51 0.53 - 0.00 1.76 0.39 0.74 0.64 0.64 - 0.08 2.68 0.55 0.18 0.15 0.18 + 0.03 0.80 0.10 0.20 0.20 0.20 unch 0.00 0.39 0.20 0.28 0.23 0.25 unch 0.00 0.48 0.23 0.05 0.04 0.04 - 0.01 0.06 0.03 0.04 0.03 0.04 - 0.00 0.04 0.02 0.48 0.44 0.48 + 0.06 0.82 0.33 0.09 0.08 0.09 - 0.00 0.31 0.07 0.13 0.13 0.13 unch 0.00 0.40 0.10 0.24 0.20 0.21 - 0.03 0.39 0.09 0.32 0.26 0.27 - 0.04 0.50 0.12 0.11 0.07 0.07 - 0.02 0.19 0.04 0.15 0.10 0.10 - 0.04 0.25 0.06 0.11 0.09 0.10 - 0.01 0.25 0.09 0.00 0.00 0.12 unch 0.00 0.90 0.09 4.55 4.40 4.54 + 0.06 4.55 2.00 6.01 5.99 6.00 unch 0.00 6.01 2.50 0.06 0.04 0.06 + 0.01 0.13 0.03 0.08 0.06 0.08 + 0.02 0.16 0.05 0.13 0.00 0.13 + 0.01 0.58 0.09 0.19 0.15 0.19 + 0.04 0.77 0.13 0.20 0.19 0.19 - 0.01 0.35 0.10 0.07 0.06 0.07 + 0.01 0.30 0.05 0.00 0.00 0.04 unch 0.00 0.22 0.04 0.04 0.04 0.04 + 0.02 0.05 0.00 0.09 0.08 0.09 + 0.01 0.90 0.05 1.24 0.90 1.09 + 0.20 3.45 0.70 1.65 1.21 1.43 + 0.23 4.30 0.90 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.17 0.14 0.16 + 0.00 0.25 0.13 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.07 0.06 0.06 unch 0.00 0.13 0.04 0.10 0.07 0.10 + 0.02 0.54 0.05 0.05 0.05 0.05 unch 0.00 0.39 0.03 0.00 0.00 0.31 unch 0.00 0.45 0.27 1.17 1.00 1.14 + 0.07 1.29 0.86 1.53 1.34 1.50 + 0.15 1.70 1.18 0.04 0.02 0.03 unch 0.00 0.41 0.02 0.04 0.03 0.04 unch 0.00 0.17 0.03 0.02 0.02 0.02 + 0.00 0.12 0.02 0.19 0.00 0.17 - 0.02 0.30 0.13 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.07 0.07 0.07 unch 0.00 0.10 0.06 35.18 33.39 34.88 + 0.50 42.04 29.06 0.25 0.25 0.25 + 0.01 0.38 0.22 0.16 0.08 0.15 + 0.00 0.34 0.04 0.22 0.19 0.19 - 0.02 0.38 0.07 16.64 13.23 13.60 - 2.80 26.70 13.90 12.69 9.79 10.24 - 2.00 21.61 10.52 0.10 0.08 0.08 - 0.02 0.35 0.08 2.00 1.80 1.88 + 0.07 2.66 1.57 2.64 2.40 2.48 + 0.06 3.31 2.12 0.09 0.08 0.09 + 0.01 0.22 0.05 0.11 0.07 0.10 + 0.02 0.29 0.02 0.15 0.10 0.14 + 0.03 0.65 0.08 0.73 0.00 0.73 + 0.00 1.10 0.73 1.01 0.96 1.00 - 0.02 1.49 0.91 0.10 0.09 0.10 + 0.01 0.35 0.07 0.07 0.06 0.07 + 0.01 0.30 0.04 0.02 0.00 0.02 unch 0.00 0.07 0.02 0.03 0.03 0.03 + 0.01 0.08 0.02 0.09 0.07 0.09 + 0.01 0.16 0.06 0.12 0.10 0.10 - 0.02 0.21 0.09 0.45 0.42 0.42 - 0.03 0.76 0.30 0.34 0.32 0.32 - 0.00 0.63 0.22 0.28 0.20 0.20 - 0.10 0.43 0.16 0.20 0.14 0.18 + 0.02 0.36 0.06 0.65 0.60 0.61 - 0.03 0.76 0.52 0.52 0.45 0.47 - 0.01 0.60 0.39 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.02 0.01 0.01 + 0.00 0.05 0.00 0.05 0.05 0.05 + 0.01 0.51 0.03 0.05 0.05 0.05 unch 0.00 0.06 0.02 0.01 0.01 0.01 + 0.01 0.04 0.01 0.07 0.07 0.07 + 0.01 0.13 0.04 0.12 0.10 0.10 unch 0.00 0.17 0.06 0.24 0.22 0.23 - 0.01 0.71 0.18 0.27 0.21 0.21 - 0.06 0.70 0.12 0.02 0.01 0.02 - 0.00 0.17 0.01 0.08 0.07 0.07 + 0.00 0.12 0.06 0.11 0.10 0.11 unch 0.00 0.17 0.07 0.30 0.25 0.28 - 0.01 0.45 0.21 0.34 0.31 0.31 - 0.02 0.47 0.32 0.00 0.00 0.00 unch 0.00 0.12 0.00 0.04 0.03 0.04 unch 0.00 0.16 0.03 0.04 0.00 0.04 unch 0.00 0.09 0.03 0.04 0.00 0.04 + 0.01 0.07 0.02 11.85 10.95 11.85 + 0.35 13.35 8.18 8.92 8.24 8.92 + 0.35 10.11 6.47 0.06 0.06 0.06 unch 0.00 0.20 0.06 0.11 0.10 0.10 - 0.01 0.26 0.08 0.00 0.00 0.00 + 0.00 0.00 0.00 0.07 0.00 0.07 - 0.01 0.16 0.05 0.07 0.04 0.07 + 0.04 0.15 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01

N-O

12-15_JAN21_StockTables.indd 14

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Northisle C&G V 36 Norvista Cap V 503 NorZinc T 504 NorZinc* O 168 Nouveau Monde V 439 O 60 Nouveau Monde* T 1087 NovaGold Res NovaGold Res* X 4213 Novo Res* O 496 Novo Res V 624 NRG Metals* O 1354 NRG Metals V 1230 Nrthn Graphite V 134 O 146 Nrthn Graphite* Nrthn Lion V 0 Nrthn Lion* O 0 Nrthn Mnrls &E* O 141 Nrthn Shield V 639 O 10 Nrthn Superior* Nrthn Superior V 198 Nrthn Vertex* O 47 Nrthn Vertex V 49 NSGold V 3 76 NSS Res Inc Nthn Dynasty* X 3266 Nthn Dynasty T 459 O 100 Nthrn Sphere* Nthrn Sphere 196 Nubian Res V 123 Nuinsco Res* O 35 V 169 NuLegacy Gold O 239 NuLegacy Gold* Nutrien T 7840 N 7351 Nutrien* NV Gold* O 102 NV Gold V 439 NX Uranium* O 201 NxGold Ltd V 366 Nyrstar NV* O 1 O.T. Mining* O 50 OceanaGold* O 10 OceanaGold T 7559 Oceanic Iron O V 262 O 19 Oceanus Res* Oceanus Res V 24 Odyssey Res V 84 OK2 Minerals V 459 Olivut Res V 48 Olivut Res* O 8 Omineca Mining V 13 O 13 Omineca Mining* 167 One World Lith Opawica Expl* O 2 Opawica Expl V 5 Opus One Res V 13 Orbite Tech* O 85 Orca Gold V 196 Orca Gold* O 287 V 263 Orefinders Res Orestone Mng V 110 Orex Mnrls* O 47 Orex Mnrls V 299 Orezone Gold V 549 O 254 Orezone Gold* Orford Mining V 331 Organic Potash 2 OrganiMax V 81 OrganiMax* O 3 Origin Gold V 157 Original Sixtn* O 8 112 Orla Mng Ltd T 15 Orla Mng Ltd* O Oro East Mg* O 84 Oroco Res V 325 Oroco Res* O 23 Orocobre T 90 O 200 Oronova Energy* Oronova Energy V 523 Oroplata Res* O 2804 Orosur Mng T 113 Orsu Metals V 52 Orsu Metals* O 45 Orvana Mnrls* O 87 Orvana Mnrls T 151 Osino Res V 121 Osisko Gold* N 2622 Osisko Gold T 2673 Osisko Metals* O 60 V 430 Osisko Metals Osisko Mng Inc T 2061 Osprey Gold V 348 Otis Gold V 811 Otis Gold* O 31 OZ Minerals* O 16

0.13 0.00 0.13 + 0.03 0.21 0.08 0.06 0.06 0.06 - 0.01 0.15 0.06 0.10 0.09 0.09 - 0.01 0.18 0.08 0.08 0.06 0.07 - 0.01 0.14 0.05 0.29 0.27 0.28 + 0.01 0.44 0.25 0.21 0.19 0.20 + 0.01 0.35 0.18 5.50 5.15 5.15 - 0.32 6.47 4.44 4.10 3.88 3.88 - 0.21 5.05 3.41 2.25 1.90 1.90 - 0.09 5.00 1.42 2.90 2.52 2.52 - 0.16 6.42 1.89 0.10 0.07 0.09 + 0.02 0.37 0.04 0.13 0.10 0.11 + 0.02 0.46 0.06 0.22 0.17 0.18 - 0.04 0.53 0.14 0.16 0.12 0.13 - 0.02 0.42 0.09 0.00 0.00 0.26 unch 0.00 0.62 0.19 0.00 0.00 0.15 unch 0.00 0.43 0.15 0.09 0.04 0.09 + 0.05 0.10 0.02 0.06 0.05 0.05 - 0.01 0.09 0.02 0.03 0.00 0.02 unch 0.00 0.04 0.02 0.35 0.19 0.28 + 0.03 0.50 0.15 0.23 0.21 0.23 + 0.03 0.49 0.17 0.30 0.26 0.29 + 0.02 0.60 0.22 0.07 0.07 0.07 unch 0.00 0.14 0.07 0.17 0.14 0.14 - 0.02 0.45 0.08 0.70 0.63 0.65 - 0.01 1.74 0.43 0.92 0.83 0.86 - 0.02 2.17 0.55 0.02 0.02 0.02 + 0.01 0.13 0.01 0.04 0.03 0.04 - 0.02 0.20 0.02 0.09 0.08 0.09 unch 0.00 0.31 0.08 0.00 0.00 0.00 + 0.00 0.01 0.00 0.15 0.13 0.14 - 0.01 0.22 0.10 0.11 0.10 0.11 + 0.00 0.17 0.08 66.48 62.54 66.16 + 3.03 76.17 55.27 50.14 46.84 49.87 + 2.74 58.99 40.41 0.14 0.10 0.12 + 0.04 0.92 0.05 0.20 0.14 0.15 + 0.02 1.22 0.07 0.60 0.31 0.45 - 0.15 1.00 0.01 0.08 0.07 0.08 - 0.01 0.35 0.06 0.59 0.59 0.59 unch 0.00 8.08 0.59 0.08 0.08 0.08 unch 0.00 0.24 0.04 3.71 3.39 3.64 - 0.10 3.74 2.31 4.84 4.35 4.64 - 0.13 5.01 2.97 0.08 0.07 0.08 + 0.03 0.16 0.04 0.08 0.08 0.08 - 0.00 0.20 0.04 0.10 0.10 0.10 + 0.01 0.27 0.05 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.11 0.09 0.09 - 0.04 0.16 0.07 0.09 0.00 0.09 + 0.01 0.13 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.01 0.00 0.01 - 0.00 0.04 0.01 0.20 0.17 0.20 - 0.01 0.21 0.10 0.02 0.00 0.02 - 0.01 0.08 0.02 0.04 0.00 0.04 unch 0.00 0.20 0.03 0.03 0.03 0.03 unch 0.00 0.10 0.02 0.00 0.00 0.00 unch 0.00 0.05 0.00 0.50 0.44 0.46 - 0.04 0.74 0.38 0.38 0.34 0.34 - 0.02 0.59 0.28 0.07 0.05 0.05 - 0.02 0.16 0.04 0.12 0.10 0.12 + 0.01 0.17 0.06 0.07 0.05 0.06 - 0.00 0.15 0.05 0.09 0.07 0.07 - 0.02 0.18 0.08 0.59 0.51 0.53 - 0.04 1.02 0.52 0.45 0.37 0.40 - 0.04 0.82 0.37 0.12 0.11 0.11 - 0.01 0.38 0.11 0.00 0.00 0.03 unch 0.00 0.08 0.02 0.06 0.05 0.06 + 0.01 0.32 0.05 0.04 0.04 0.04 - 0.00 0.20 0.04 0.14 0.10 0.13 + 0.03 0.19 0.07 0.05 0.01 0.05 + 0.04 0.20 0.01 1.20 1.12 1.17 - 0.01 1.75 1.05 0.88 0.88 0.88 + 0.00 1.41 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.22 0.19 0.22 + 0.03 0.31 0.09 0.15 0.13 0.15 + 0.01 0.24 0.07 3.29 3.06 3.11 unch 0.00 7.36 2.74 0.06 0.06 0.06 unch 0.00 0.10 0.06 0.09 0.08 0.09 + 0.02 0.16 0.06 0.38 0.32 0.35 + 0.02 0.42 0.06 0.10 0.09 0.09 - 0.01 0.21 0.02 0.34 0.24 0.34 + 0.05 0.34 0.14 0.18 0.00 0.17 - 0.04 0.26 0.12 0.14 0.12 0.13 - 0.00 0.23 0.09 0.18 0.16 0.17 - 0.01 0.28 0.12 0.33 0.28 0.30 + 0.01 0.64 0.20 9.32 8.71 8.99 - 0.13 12.10 7.00 12.31 11.59 11.93 - 0.30 15.17 9.27 0.38 0.37 0.37 - 0.01 0.69 0.37 0.51 0.49 0.50 - 0.01 0.85 0.46 3.13 2.77 2.78 - 0.30 3.77 1.60 0.07 0.06 0.06 + 0.01 0.11 0.04 0.11 0.09 0.10 - 0.01 0.32 0.09 0.07 0.07 0.07 - 0.00 0.25 0.06 6.68 6.42 6.68 + 0.65 8.02 5.90

Pac Arc Res V 139 89 Pac Bay Mnrls V Pac Booker Min* O 11 62 Pac Booker Min V Pac Imperial V 347 50 Pac Iron Ore V 59 Pac Ridge Expl V Pac Ridge Expl* O 8 Pac Wildcat* O 154 Pacific Empire V 79 Pacific Rim 491 Pacific Rim* O 296 Pacific Silk V 1 Pacton Gold V 747 Paladin Energy* O 218 O 37 Palamina Corp* V 49 Palamina Corp Pan Am Silver* D 7167 Pan Am Silver T 1707 Pan Andean Min V 161 4 Pan Andean Min* O 205 Pan Global Res V Pancontinental* O 21 V 6492 Pancontinental Panex Res* O 400 Pangolin Dia V 110 Panoro Mnrls V 114 PanTerra Gold* O 20 V 154 Pantheon Vent Para Resources V 260 Parallel Mng V 1580 X 117 Paramount Gold* Paringa Res* O 8 Parlane Res V 62 Pasinex Res 20 Patriot Gold* O 63 N 5114 Peabody Enrgy* Pelangio Expl V 64 Peloton Mnrls 114 Peloton Mnrls* O 72 O 415 PepinNini Lith* Perseus Mng T 168 Pershing Gold T 21 D 244 Pershing Gold* Pershing Res* O 49 O 100 Peruvian Metal* V 148 Peruvian Metal Petra Diamonds* O 3 Philippine Mtl V 253 Pine Cliff En* O 3 186 Pine Cliff En T 3 Pinecrest Res * O Pinecrest Res V 54 798 Pistol Bay Mng V Pistol Bay Mng* O 1 Pivit Explor 604 2 PJSC Polyus Gd* O PJX Res V 773 Plata Latina V 188 Plate Res V 306 V 104 Plateau Energy O 99 Plateau Energy* Platinex Inc* O 3 Platinex Inc 338 Platinum Gp Mt T 88 575 Platinum Gp Mt* X Plato Gold V 1384 Playfair Mng V 1055 Playfair Mng* O 123 PolyMet Mng* X 1719 PolyMet Mng T 29

0.45 0.29 0.39 - 0.07 0.82 0.20 0.17 0.06 0.09 - 0.01 0.30 0.06 1.12 1.02 1.02 - 0.09 1.21 0.50 1.48 1.30 1.31 - 0.16 1.50 0.65 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.08 0.08 0.08 + 0.02 0.15 0.03 0.06 0.00 0.06 unch 0.00 0.07 0.04 0.05 0.05 0.05 unch 0.00 0.06 0.02 0.01 0.00 0.01 unch 0.00 0.39 0.00 0.08 0.08 0.08 unch 0.00 0.20 0.06 0.18 0.11 0.17 + 0.05 1.40 0.10 0.13 0.08 0.13 + 0.03 1.12 0.07 0.00 0.00 0.02 unch 0.00 0.06 0.02 0.33 0.30 0.30 - 0.01 1.02 0.24 0.15 0.11 0.13 + 0.00 0.50 0.01 0.27 0.23 0.27 - 0.01 0.37 0.20 0.38 0.31 0.34 - 0.05 0.47 0.26 15.53 14.92 15.00 + 0.04 18.75 12.12 20.55 19.82 19.86 - 0.19 24.22 16.05 0.04 0.04 0.04 - 0.01 0.13 0.03 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.15 0.11 0.12 + 0.01 0.30 0.10 0.05 0.03 0.03 - 0.02 0.07 0.02 0.06 0.04 0.04 - 0.01 0.09 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.04 0.04 unch 0.00 0.08 0.04 0.25 0.21 0.22 - 0.03 0.44 0.13 0.01 0.00 0.00 unch 0.00 0.02 0.00 0.10 0.10 0.10 + 0.01 0.15 0.07 0.16 0.15 0.15 - 0.01 0.25 0.12 0.08 0.03 0.05 + 0.02 0.08 0.02 1.04 0.93 0.99 + 0.07 1.64 0.81 0.14 0.12 0.13 + 0.00 0.44 0.12 0.05 0.05 0.05 + 0.01 0.30 0.03 0.09 0.09 0.09 unch 0.00 0.22 0.07 0.08 0.07 0.07 + 0.00 0.15 0.04 32.42 30.25 31.92 + 0.44 47.84 29.08 0.15 0.00 0.15 unch 0.00 0.60 0.12 0.10 0.09 0.09 - 0.02 0.15 0.03 0.07 0.07 0.07 unch 0.00 0.12 0.06 0.01 0.00 0.01 - 0.00 0.07 0.00 0.40 0.39 0.40 unch 0.00 0.50 0.25 1.73 1.50 1.51 - 0.16 3.20 1.06 1.29 1.12 1.13 - 0.15 2.50 0.80 0.02 0.01 0.02 + 0.01 0.09 0.01 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.10 0.03 0.53 0.53 0.53 unch 0.00 1.10 0.41 0.05 0.00 0.05 + 0.01 0.15 0.04 0.21 0.21 0.21 unch 0.00 0.32 0.17 0.28 0.25 0.28 - 0.01 0.45 0.22 0.00 0.00 0.14 unch 0.00 0.25 0.14 0.23 0.00 0.22 unch 0.00 0.32 0.18 0.04 0.04 0.04 - 0.01 0.18 0.03 0.00 0.00 0.02 unch 0.00 0.08 0.02 0.10 0.07 0.08 - 0.02 0.19 0.07 39.80 0.00 39.75 + 0.77 45.15 29.00 0.36 0.24 0.34 + 0.09 0.30 0.11 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.05 0.03 0.05 + 0.02 0.10 0.03 0.76 0.63 0.69 - 0.05 1.69 0.55 0.60 0.48 0.53 + 0.03 1.27 0.42 0.04 0.04 0.04 unch 0.00 0.21 0.04 0.05 0.03 0.05 unch 0.00 0.30 0.04 2.15 1.91 2.05 - 0.01 7.20 1.15 1.63 1.44 1.52 - 0.08 5.82 0.83 0.03 0.02 0.02 - 0.01 0.06 0.02 0.04 0.02 0.03 + 0.01 0.09 0.02 0.02 0.01 0.02 + 0.01 0.06 0.01 0.83 0.78 0.78 - 0.03 1.36 0.75 1.11 1.03 1.05 - 0.03 1.66 0.95

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Portage Res* O 4232 Portofino Res V 333 Potash Ridge* O 43 Potash Ridge T 726 Power Metals V 815 O 132 Power Metals* PowerOre V 425 PPX Mining* O 122 PPX Mining V 568 Precipitate Gl* O 105 Precipitate Gl V 366 Premier Gold M T 1861 Premium Expl* O 45 Pretium Res* N 21647 Pretium Res T 8405 Primary Energy 680 Prism Res V 276 Prize Mng* O 128 Prize Mng V 315 ProAm Expl V 35 O 348 Probe Metals* Probe Metals V 301 Prog Planet V 214 Prog Planet* O 15 Promithian Gl * O 0 T 1894 Prophecy Coal O 948 Prophecy Coal* Prosper Gold V 391 Prospero Silvr V 45 Prospero Silvr* O 85 Provenance Gld 127 Providence V 3 Providence Gld* O 9 PUF Vent Inc * O 3351 Puma Expl V 559 Puma Expl* O 213 O 105 Pure Alumina* Pure Energy* O 3366 Pure Energy V 3406 Pure Gold Mg* O 600 Pure Gold Mg V 2042 Pure Nickel* O 63 Pure Nickel V 122 V 3234 Purepoint Uran Q-Gold Res V 123 QC Precious V 247 8 QC Precious * O QMC Quantum Ml V 933 QMC Quantum Ml* O 270 QMX Gold* O 67 QMX Gold V 216 Quadro Res V 100 Quantum Cobalt 141 8 Quartz Mtn Res V Quaterra Res V 28 O 35 Quaterra Res* 13 Quest Rare Mnl* O Quinto Res V 36

0.01 0.00 0.00 + 0.00 0.02 0.00 0.10 0.07 0.07 unch 0.00 0.56 0.06 0.03 0.02 0.03 + 0.00 0.13 0.02 0.05 0.04 0.05 + 0.01 0.16 0.03 0.21 0.18 0.21 + 0.02 0.85 0.15 0.16 0.13 0.16 + 0.02 0.69 0.10 0.10 0.07 0.09 + 0.03 0.45 0.05 0.06 0.06 0.06 - 0.00 0.08 0.05 0.09 0.08 0.09 unch 0.00 0.11 0.06 0.12 0.08 0.10 + 0.02 0.12 0.03 0.15 0.11 0.12 + 0.01 0.15 0.04 1.86 1.69 1.74 - 0.09 3.67 1.39 0.00 0.00 0.00 unch 0.00 0.02 0.00 8.87 6.98 7.00 - 1.73 11.68 6.17 11.84 9.27 9.31 - 2.36 14.50 7.93 0.04 0.03 0.04 unch 0.00 0.15 0.02 0.04 0.03 0.03 - 0.01 0.11 0.03 0.12 0.02 0.03 + 0.00 0.29 0.02 0.04 0.04 0.04 unch 0.00 0.38 0.04 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.92 0.86 0.90 - 0.02 1.22 0.68 1.22 1.12 1.19 - 0.09 1.55 0.91 0.05 0.04 0.04 unch 0.00 0.14 0.04 0.02 0.02 0.02 unch 0.00 0.11 0.02 0.00 0.00 0.05 unch 0.00 0.10 0.01 0.32 0.25 0.27 - 0.05 0.74 0.11 0.25 0.19 0.20 - 0.04 3.24 0.09 0.15 0.14 0.15 + 0.02 0.15 0.06 0.08 0.07 0.08 unch 0.00 0.15 0.05 0.06 0.05 0.06 + 0.01 0.12 0.04 0.14 0.10 0.11 unch 0.00 0.39 0.10 0.12 0.12 0.12 - 0.01 0.19 0.09 0.09 0.09 0.09 unch 0.00 0.15 0.08 0.24 0.20 0.22 + 0.01 0.30 0.06 0.05 0.05 0.05 unch 0.00 0.11 0.04 0.03 0.02 0.03 unch 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.15 0.03 0.13 0.04 0.11 + 0.05 0.50 0.03 0.18 0.07 0.14 + 0.07 0.44 0.05 0.55 0.47 0.50 + 0.01 0.56 0.38 0.70 0.62 0.66 - 0.01 0.71 0.50 0.01 0.00 0.00 - 0.00 0.04 0.00 0.02 0.01 0.02 + 0.01 0.05 0.01 0.08 0.07 0.08 + 0.01 0.09 0.06 0.24 0.20 0.20 - 0.04 0.30 0.10 0.30 0.27 0.29 - 0.01 0.60 0.25 0.21 0.21 0.21 unch 0.00 0.33 0.20 0.27 0.20 0.24 + 0.02 1.15 0.16 0.20 0.15 0.19 + 0.02 0.92 0.12 0.05 0.04 0.04 unch 0.00 0.25 0.03 0.07 0.06 0.06 - 0.01 0.32 0.05 0.04 0.04 0.04 + 0.01 0.11 0.03 0.06 0.05 0.06 unch 0.00 1.26 0.04 0.29 0.29 0.29 + 0.02 0.90 0.27 0.07 0.06 0.07 + 0.01 0.09 0.05 0.04 0.00 0.04 - 0.00 0.07 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.05 0.05 0.05 - 0.01 0.14 0.02

Rackla Mtls V 1 Rackla Mtls* O 1 Radisson Mng V 512 Radius Gold V 93 Rainforest Res* O 7 419 Rainy Mtn Royl V 159 Rambler Ml &Mg V Randgold Res* O 0 Randgold Res* N 84721 Rare Element* O 157 V 123 Rathdowney Res Ravencrest Res 710 Red Eagle Mng* O 126 12 Red Moon Res V Red Pine Expl V 1719 Redstar Gold V 1606 O 240 Redstar Gold* Redzone Res* O 25 Redzone Res V 56 Regulus Res V 127 V 1 Remington Res O 194 Renaissance Gd* Renaissance Gd V 382 Renforth Res 914 Resolve Vent V 45 V 1452 Resource Cap O 25 Resource Cap* Reunion Gold V 394 Revelo Res V 942 Revival Gold * O 63 Revival Gold V 216 V 75 Richmond Mnls Rift Valley 258 O 199391 Rimrock Gold* Rio Tinto* O 4 Rio Tinto* N 13870 Rio Tinto* O 1 Rio2 Limited V 2455 Rio2 Limited* O 24 Rise Gold Corp* O 71 383 Rise Gold Corp 13 River Wild Exp Riverside Res V 221 O 32 Riverside Res* Rizal Res V 120 RJK Explor V 132 RJK Explor* O 150 Robex Res V 87 V 136 Rochester Res Rochester Res* O 125 20 Rock Tech Lith V Rockcliff Met V 696 Rockcliff Met* O 74 Rockex Mng 75 Rockhaven Res V 717 V 301 Rockridge Res O 33 Rockshield Cap* Rockshield Cap 124 V 0 Rockwealth Res Rockwell Diam* O 3 Rodinia Lithm V 312 Rogue Res* O 0 Rogue Res V 13 Romios Gold Rs* O 190 Romios Gold Rs V 636 RosCan Gold V 108 1 Rosita Mg Corp* O Rosita Mg Corp V 361 Rotation Mnls V 125 Roughrider Exp V 100 Rover Metals V 750 T 2393 Roxgold Roxgold* O 429 Royal Gold* D 2237 Royal Mines &M* O 299 Royal Nickel* O 684 Royal Nickel T 7931 Royal Rd Mnrls V 7 17 Royal Std Mnrl* O RT Minerals V 111 RT Minerals* O 5 46 RTG Mining * O RTG Mining T 61 O 189 Rubicon Mnrls* Rubicon Mnrls T 213 Rugby Mng V 75 Running Fox Rs* O 122 Running Fox Rs V 81 Rupert Res V 41 Rusoro Mng* O 106 Rusoro Mng V 311

0.00 0.00 0.09 unch 0.00 0.15 0.06 0.06 0.00 0.06 - 0.01 0.11 0.05 0.11 0.10 0.10 + 0.01 0.21 0.09 0.12 0.00 0.12 - 0.01 0.19 0.09 6.85 0.00 6.85 + 1.50 9.45 3.50 0.02 0.00 0.02 - 0.01 0.10 0.02 0.03 0.03 0.03 unch 0.00 0.17 0.03 0.00 0.00 80.61 unch 0.00 101.90 62.16 13.29 12.20 12.45 - 0.64 104.05 12.20 0.09 0.06 0.08 - 0.01 0.25 0.03 0.13 0.10 0.11 - 0.01 0.18 0.04 0.64 0.56 0.60 + 0.04 1.93 0.38 0.00 0.00 0.00 unch 0.00 0.28 0.00 0.07 0.06 0.07 + 0.01 0.16 0.05 0.06 0.05 0.06 - 0.01 0.10 0.04 0.03 0.02 0.03 - 0.01 0.06 0.03 0.03 0.02 0.02 - 0.00 0.05 0.01 0.07 0.07 0.07 unch 0.00 0.57 0.06 0.10 0.09 0.09 - 0.01 0.75 0.07 1.45 1.37 1.44 + 0.07 2.30 1.25 0.00 0.00 0.20 unch 0.00 0.40 0.20 0.17 0.13 0.17 + 0.04 0.27 0.11 0.22 0.00 0.22 + 0.04 0.33 0.15 0.05 0.04 0.05 + 0.01 0.06 0.02 0.10 0.09 0.10 + 0.01 0.36 0.07 0.02 0.01 0.01 - 0.01 0.13 0.01 0.01 0.01 0.01 unch 0.00 0.11 0.00 0.18 0.17 0.17 - 0.01 0.23 0.11 0.01 0.00 0.01 unch 0.00 0.06 0.01 0.66 0.59 0.63 + 0.03 0.73 0.42 0.85 0.78 0.81 - 0.01 0.99 0.54 0.03 0.03 0.03 + 0.01 0.07 0.02 0.10 0.08 0.10 + 0.01 0.14 0.05 0.00 0.00 0.00 - 0.00 0.00 0.00 58.70 0.00 58.70 + 4.38 65.30 50.48 51.18 49.21 50.51 + 1.26 60.72 44.62 50.70 47.84 49.00 - 0.30 60.00 43.47 0.52 0.49 0.50 - 0.01 1.15 0.42 0.39 0.39 0.39 + 0.00 0.81 0.35 0.06 0.06 0.06 - 0.00 0.16 0.04 0.09 0.08 0.08 - 0.01 0.17 0.05 0.55 0.55 0.55 unch 0.00 0.70 0.02 0.18 0.17 0.17 - 0.02 0.34 0.13 0.14 0.13 0.13 unch 0.00 0.42 0.10 0.03 0.00 0.03 + 0.01 0.06 0.01 0.06 0.04 0.04 - 0.01 0.23 0.04 0.04 0.04 0.04 + 0.00 0.13 0.00 0.09 0.08 0.08 - 0.01 0.12 0.07 0.03 0.03 0.03 - 0.01 0.09 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.99 0.90 0.97 + 0.02 1.75 0.76 0.14 0.10 0.13 + 0.03 0.20 0.07 0.10 0.06 0.10 + 0.04 0.11 0.06 0.10 0.03 0.03 - 0.05 0.10 0.01 0.19 0.16 0.19 + 0.02 0.18 0.09 0.25 0.21 0.22 - 0.02 0.36 0.20 0.08 0.07 0.08 + 0.00 0.51 0.06 0.12 0.10 0.12 + 0.02 0.63 0.09 0.00 0.00 0.12 unch 0.00 0.24 0.11 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.06 0.07 + 0.01 0.43 0.05 0.00 0.00 0.08 unch 0.00 0.33 0.08 0.10 0.00 0.10 + 0.01 0.44 0.09 0.05 0.03 0.03 - 0.00 0.07 0.02 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.08 0.07 0.07 - 0.01 0.11 0.05 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.08 0.07 0.07 unch 0.00 0.40 0.07 0.08 0.08 0.08 + 0.01 0.30 0.07 0.05 0.04 0.04 unch 0.00 0.11 0.03 0.86 0.81 0.81 - 0.02 1.40 0.74 0.65 0.61 0.61 - 0.02 1.12 0.55 85.27 82.75 84.21 - 0.51 98.53 70.16 0.01 0.00 0.00 - 0.00 0.01 0.00 0.37 0.35 0.35 - 0.01 0.90 0.05 0.49 0.46 0.46 - 0.03 1.18 0.07 0.08 0.08 0.08 + 0.01 0.18 0.06 2.51 0.00 2.49 - 0.16 3.14 0.01 0.06 0.05 0.05 - 0.01 0.70 0.05 0.04 0.04 0.04 unch 0.00 0.13 0.00 0.10 0.07 0.10 + 0.03 0.10 0.07 0.13 0.11 0.12 + 0.01 0.24 0.09 1.01 0.91 0.99 - 0.01 1.40 0.74 1.38 1.20 1.31 - 0.04 1.76 1.00 0.18 0.18 0.18 unch 0.00 0.43 0.14 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.01 1.08 0.94 0.95 - 0.15 1.46 0.75 0.10 0.09 0.10 - 0.01 0.32 0.05 0.13 0.12 0.12 - 0.01 0.42 0.07

Sabina Gd&Slvr T 1562 O 654 Sabina Gd&Slvr* Sable Res* O 5 Sable Res V 304 Sage Gold* O 0 Sailfish Rylty V 65 Saint Jean* O 13 Saint Jean V 279 Salazar Res* O 3 Salazar Res V 72 22 Salt Lake Pot* O Sama Res V 595 Sama Res* O 42 Samco Gold V 89 Samex Mng* O 316 2 San Gold Corp* O San Marco Res* O 172 San Marco Res V 204 V 862 Sanatana Diam Sandfire Res V 64

1.35 1.20 1.31 + 0.03 2.30 1.11 1.02 0.86 1.00 + 0.06 1.88 0.85 0.15 0.00 0.15 - 0.01 0.28 0.12 0.21 0.19 0.20 unch 0.00 0.37 0.14 0.00 0.00 0.00 unch 0.00 0.10 0.00 1.15 1.03 1.11 - 0.04 2.98 0.70 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.03 0.03 0.03 + 0.01 0.22 0.02 0.08 0.08 0.08 - 0.01 0.12 0.07 0.12 0.00 0.12 - 0.02 0.18 0.10 0.34 0.00 0.33 + 0.03 0.47 0.31 0.35 0.31 0.34 + 0.02 0.48 0.22 0.26 0.25 0.26 + 0.01 0.39 0.17 0.03 0.03 0.03 - 0.01 0.11 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 0.10 0.08 0.10 + 0.01 0.23 0.06 0.13 0.11 0.12 unch 0.00 0.30 0.10 0.05 0.04 0.05 unch 0.00 0.06 0.02 0.09 0.08 0.08 + 0.01 0.11 0.06

R

S

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Sandfire Res* O 131 245 Sandspring Res* O Sandspring Res V 1174 Sandstorm Gold T 3165 Sandstorm Gold* X 6310 Santa Fe Gold* O 272 Santacruz Silv V 1112 588 Sarama Res V Sarissa Res* O 1027 34 V Satori Res 763 Saturn Mnrls V 232 Savary Gold V Savary Gold* O 9 Saville Res V 60 Scandium Intl* O 143 367 Scandium Intl T 541 Scorpio Gold V ScoZinc Mg V 0 ScoZinc Mg* O 0 Seabridge Gld* N 1768 Seabridge Gld T 292 Seafield Res* O 63 169 Search Mnls V Searchlight* O 34 O 15 SearchlightMin* SearchlightRes V 415 837 Secova Mtls V 50 Secova Mtls* O Sego Res V 195 Select Sands V 575 T 3458 Semafo 17 T Serabi Gold Serengeti Res V 925 Shamrock Ent 403 T 4708 Sherritt Intl 40 Shoshoni Gold V Sibanye-Stillw* N 12744 O 349 Sidney Resrces* Sienna Res V 1116 55 Sienna Res* O 132 Sierra Metals* X Sierra Metals T 68 V 34 Sigma Lithium 181 Signature Res V 253 O Res* Signature 32 Silver Bear Rs* O 119 Silver Bear Rs T Silver Bull Re* O 940 584 Silver Bull Re T 325 V Silver Grail Silver Hill* O 1 Silver Mtn Mns* O 125 575 Silver Mtn Mns V Silver Predatr* O 317 267 Silver Predatr V Silver Range* O 11 Silver Range V 67 14 Silver Scott* O 3 Silver Spruce* O Silver Spruce V 459 O 0 Silver Stream* 410 V Silver Viper 935 Silvercorp Met T Silvercorp Met* X 1468 SilverCrest* X 638 SilverCrest V 895 25 Silverore Mns* O 86 Silverstar Res* O Sirios Res* O 55 Sirios Res V 165 Sitka Gold 17 46 Sixty North* O 118 Sixty North Skeena Res* O 75 Skeena Res V 582 614 Skyharbour Res* O 740 Skyharbour Res V Slam Explor* O 25 Slam Explor V 97 31 Slave Lake Zn 439 Sojourn Explor V 50 Sojourn Explor* O Sokoman Iron V 2729 O 61 Sokoman Iron* 15 T SolGold plc 85 SolGold plc* O X 111 Solitario Ex&R* T 116 Solitario Ex&R Solstice Gold V 1393 164 Sonora Gld & S V 46 Sonoro Mtls* O Sonoro Mtls V 109 South32* O 154 1 Southern Arc* O 10 Southern Arc V Southern Copp* N 5649 O 125 Southern Silvr* Southern Silvr V 98 919 Spanish Mtn Gd V Spanish Mtn Gd* O 224 Sparton Res V 752 Sparton Res* O 52 Spearmint Res* O 258 816 Spearmint Res Spey Resources 119 Sphinx Res V 345 79 Sprott Res Hld T 324 Spruce Ridge R V SRG Graphite V 215 SSR Mining* D 4355 T 1421 SSR Mining St Augustine T 491 St-Georges Eco 5831 O 235 St-Georges Eco* V 138 Stakeholdr Gld O 15 Stakeholdr Gld* O 2046 Standard Graph* Standard Lith V 471 O 310 Standard Metal* Stans Energy V 494 O 196 Stans Energy* Star Diamond T 1322 O 85 Star Diamond* Star Gold* O 22 O 8 Star Mountain* Starcore Intl T 163 24 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 6 Stellar Africa V 104 Stelmine Can V 24 Steppe Gold T 22 Sterling Grp* O 8 T 988 Stornoway Diam O 15 Stornoway Diam* Stratabd Mnr V 18 Strateco Res* O 42 O 143 Strategic Metl* Strategic Metl V 96 Strategic Res V 0 Stria Lithium V 103 V 183 Strikepoint Gd O 67 Strikepoint Gd* V 438 Strongbow Expl O 106 Strongbow Expl* Stroud Res V 2097 Sulliden Mng T 504 Sun Metals V 1715 Suncor Energy* N 20201 Suncor Energy T 18539 V 705 Sunvest Mnrls O 7 Sunvest Mnrls* O 23 Superior Gold* Superior Gold V 514 Supreme Metals 23 Surge Copper V 66 Surge Explor* O 1751 Surge Explor V 1222 Sutter Gold* O 157 Sutter Gold V 20 Syrah Res* O 107

0.06 0.06 0.06 + 0.01 0.10 0.05 0.20 0.17 0.19 + 0.01 0.32 0.13 0.27 0.24 0.26 + 0.02 0.40 0.17 6.41 6.05 6.26 - 0.15 6.95 4.60 4.85 4.54 4.71 - 0.08 5.64 3.48 0.11 0.09 0.09 - 0.01 0.19 0.04 0.07 0.06 0.06 - 0.01 0.17 0.05 0.06 0.06 0.06 unch 0.00 0.15 0.05 0.00 0.00 0.00 0.00 + 0.00 0.00 0.06 0.00 0.06 + 0.01 0.15 0.04 0.19 0.17 0.19 + 0.01 0.30 0.11 0.06 0.05 0.06 - 0.01 0.08 0.04 0.02 unch 0.00 0.06 0.02 0.02 0.02 0.04 0.05 0.04 0.04 - 0.01 0.12 0.16 0.14 0.14 - 0.00 0.24 0.11 0.22 0.19 0.20 unch 0.00 0.32 0.13 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.51 unch 0.00 1.50 0.00 0.00 0.51 0.53 unch 0.00 1.20 0.00 0.00 0.53 10.20 13.45 12.51 13.13 - 0.26 15.30 12.89 18.00 16.67 17.45 - 0.47 19.84 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.02 0.02 0.02 - 0.00 0.16 0.01 0.01 0.01 0.01 0.01 + 0.00 0.05 0.04 0.02 0.03 - 0.01 0.23 0.02 0.03 0.03 0.03 unch 0.00 0.30 0.02 0.01 0.01 0.01 unch 0.00 0.10 0.01 0.03 unch 0.00 0.07 0.04 0.03 0.03 0.07 0.09 0.08 0.08 - 0.01 0.58 3.11 2.69 2.69 - 0.36 4.14 2.24 0.59 0.59 0.59 unch 0.00 1.60 0.49 0.12 0.28 0.22 0.28 + 0.05 0.60 0.02 unch 0.00 0.08 0.03 0.03 0.03 0.50 0.45 0.48 - 0.03 1.63 0.37 0.04 0.04 0.04 unch 0.00 0.08 0.04 3.14 2.86 3.04 unch 0.00 5.29 2.02 0.00 0.01 0.00 0.01 + 0.00 0.01 0.04 0.07 0.06 0.06 - 0.01 0.39 0.05 0.05 0.05 + 0.00 0.32 0.03 2.15 1.92 1.95 + 0.03 3.00 1.53 2.11 unch 0.00 3.85 2.86 2.55 2.60 1.20 2.05 1.91 1.98 + 0.06 2.40 0.08 0.07 0.08 + 0.01 0.14 0.05 0.07 0.06 0.07 + 0.01 0.11 0.04 0.12 0.12 0.12 - 0.01 0.26 0.10 0.18 0.16 0.16 - 0.02 0.32 0.13 0.13 0.10 0.12 + 0.02 0.22 0.09 0.17 0.14 0.17 + 0.03 0.29 0.11 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.11 unch 0.00 0.25 0.12 0.12 0.12 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.02 0.02 + 0.01 0.03 0.01 0.05 0.05 0.05 - 0.00 0.12 0.05 0.09 0.07 0.07 - 0.01 0.17 0.07 0.06 0.10 0.00 0.10 + 0.01 0.15 0.08 0.13 0.00 0.11 - 0.02 0.19 0.02 0.02 0.02 - 0.00 0.24 0.01 0.02 0.02 0.02 - 0.01 0.05 0.01 0.02 unch 0.00 0.08 0.03 0.03 0.03 0.04 unch 0.00 7.00 4.00 4.00 4.00 0.09 0.09 0.09 unch 0.00 0.25 0.07 3.16 2.91 2.99 - 0.02 4.02 2.43 2.39 2.18 2.24 + 0.01 3.12 1.83 1.41 3.36 2.84 3.16 + 0.21 3.36 1.75 4.29 3.80 4.00 + 0.05 4.29 0.03 0.03 0.03 unch 0.00 0.03 0.03 0.04 0.04 0.04 unch 0.00 1.00 0.02 0.09 0.11 0.10 0.11 + 0.01 0.26 0.12 0.16 0.15 0.15 - 0.01 0.34 0.04 0.13 0.11 0.11 - 0.02 0.30 0.06 0.04 0.06 + 0.02 0.16 0.04 0.07 0.06 0.06 - 0.01 0.24 0.05 0.20 0.23 0.22 0.23 - 0.00 0.66 0.28 0.30 0.29 0.30 - 0.01 0.80 0.33 0.29 0.32 + 0.03 0.44 0.26 0.44 0.38 0.43 + 0.04 0.57 0.35 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.11 0.10 0.10 - 0.01 0.11 0.06 0.12 0.10 0.10 - 0.02 0.29 0.07 0.09 0.09 0.09 + 0.01 0.21 0.08 0.03 unch 0.00 0.58 0.18 0.16 0.17 0.00 0.13 0.00 0.13 + 0.01 0.45 0.64 0.62 0.64 + 0.01 0.71 0.32 0.49 0.47 0.47 - 0.00 0.58 0.27 0.19 0.28 0.26 0.28 + 0.02 0.71 0.26 0.37 0.34 0.37 + 0.02 0.88 0.12 0.18 0.14 0.14 - 0.04 0.38 0.07 0.00 0.07 + 0.01 0.19 0.05 0.13 0.12 0.12 - 0.00 0.16 0.07 0.07 0.19 0.17 0.17 - 0.02 0.20 2.16 2.45 2.43 2.45 + 0.07 3.10 0.30 0.00 0.30 + 0.03 0.46 0.20 0.50 0.00 0.41 - 0.01 0.60 0.27 32.29 31.12 31.71 + 0.57 58.09 29.01 0.08 0.16 0.13 0.13 - 0.02 0.31 0.11 0.21 0.17 0.18 - 0.03 0.38 0.08 0.07 0.08 + 0.01 0.14 0.05 0.06 0.05 0.06 + 0.00 0.12 0.03 0.04 0.07 0.05 0.07 + 0.02 0.12 0.03 0.04 0.03 0.03 - 0.00 0.09 0.03 0.02 0.02 + 0.00 0.11 0.00 0.04 0.03 0.03 unch 0.00 0.14 0.02 0.07 0.08 0.07 0.08 + 0.02 0.16 0.03 unch 0.00 0.08 0.05 0.04 0.05 1.32 1.18 1.26 + 0.09 3.30 0.98 0.05 0.04 0.05 + 0.01 0.06 0.02 0.64 1.05 0.75 0.99 + 0.27 2.25 12.70 12.01 12.37 + 0.03 12.66 7.64 16.84 15.98 16.43 - 0.10 16.78 9.70 0.02 0.02 0.00 0.02 + 0.01 0.04 0.04 0.18 0.12 0.18 + 0.02 2.90 0.03 0.13 0.09 0.13 + 0.01 2.20 0.06 0.07 0.06 0.06 - 0.01 0.64 0.04 unch 0.00 0.45 0.06 0.06 0.06 0.29 0.43 0.35 0.40 + 0.04 1.13 0.80 1.23 1.06 1.07 + 0.07 2.61 0.03 0.08 0.05 0.08 - 0.00 0.23 0.02 0.03 0.02 0.02 - 0.01 0.05 0.01 0.02 0.01 0.02 + 0.00 0.04 0.16 unch 0.00 0.38 0.29 0.25 0.27 0.12 0.20 0.18 0.20 - 0.00 0.29 0.02 0.07 0.05 0.05 - 0.01 0.30 0.01 unch 0.00 0.04 0.03 0.03 0.03 0.09 0.12 0.10 0.11 + 0.01 0.28 0.16 0.16 0.16 unch 0.00 0.19 0.09 0.55 unch 0.00 1.98 0.00 0.00 0.55 0.01 0.02 0.02 0.02 - 0.00 0.05 0.01 unch 0.00 0.07 0.02 0.02 0.02 0.09 0.12 0.10 0.11 + 0.01 0.45 0.60 0.84 0.80 0.83 - 0.01 2.01 0.02 unch 0.00 0.10 0.03 0.03 0.03 0.17 0.25 0.21 0.21 - 0.03 0.65 0.12 0.17 0.17 0.17 - 0.01 0.52 0.02 unch 0.00 0.08 0.03 0.03 0.03 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.22 0.28 0.25 0.26 + 0.01 0.42 0.31 unch 0.00 0.51 0.37 0.34 0.35 0.16 unch 0.00 0.30 0.00 0.00 0.23 0.02 unch 0.00 0.08 0.04 0.03 0.04 0.11 unch 0.00 0.29 0.18 0.15 0.15 0.08 0.13 0.12 0.12 - 0.01 0.23 0.10 0.15 0.11 0.14 + 0.03 0.28 0.07 0.10 0.09 0.09 + 0.00 0.22 0.01 unch 0.00 0.03 0.02 0.01 0.01 0.10 0.12 0.10 0.11 - 0.01 0.52 0.12 0.36 0.29 0.35 + 0.03 0.40 30.82 28.96 30.42 + 1.10 42.55 25.81 40.74 38.64 40.35 + 1.07 55.47 35.53 0.03 0.04 0.04 0.04 + 0.01 0.14 0.02 0.03 0.00 0.03 - 0.00 0.18 0.50 0.64 0.59 0.59 - 0.04 1.28 0.67 0.88 0.75 0.78 - 0.06 1.62 0.02 unch 0.00 0.08 0.03 0.02 0.02 0.04 0.07 0.06 0.07 + 0.01 0.26 0.03 unch 0.00 0.36 0.06 0.04 0.04 0.05 0.08 0.05 0.05 - 0.01 0.28 0.01 0.01 0.01 0.01 + 0.00 0.03 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.96 1.29 1.18 1.25 + 0.15 3.77

12353 Tahoe Res* N Tahoe Res T 2762 Taiga Gold 159 Taiga Gold* O 141 Taku Gold 257 Taku Gold* O 20 Talmora Diamd 19 Talon Metals T 294 32185 O Tamino Mnrls* V 60 Tanager Energy Tango Mining V 2061

2.18 3.86 3.71 3.75 + 0.03 5.63 2.88 5.10 4.92 4.97 - 0.01 7.27 0.07 0.10 0.08 0.10 + 0.01 0.21 0.05 0.08 0.06 0.08 + 0.01 0.16 0.04 unch 0.00 0.15 0.06 0.00 0.06 0.02 unch 0.00 0.12 0.03 0.03 0.03 0.01 unch 0.00 0.06 0.03 0.03 0.03 0.05 0.10 0.08 0.09 + 0.02 0.12 0.00 0.00 0.00 0.00 + 0.00 0.00 0.03 0.07 0.05 0.07 + 0.03 0.14 0.02 0.04 0.02 0.03 + 0.01 0.06

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2019-01-14 4:48 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JANUARY 21–FEBRUARY 3, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Tanqueray Expl V 239 Tantalex Res 228 Tanzania Rlty T 365 Tanzania Rlty* X 3564 Taranis Res* O 30 Taranis Res V 58 Tarku Res V 347 Tartisan Nick* O 0 Tartisan Nick 698 Tasca Res V 2158 Tasca Res* O 30 Taseko Mines* X 3397 Taseko Mines T 1536 Tearlach Res V 196 Teck Res T 8360 Teck Res T 26 Teck Res* N 12931 35 Telson Res * O Telson Res V 20 Tembo Gold V 42 Tembo Gold* O 50 Teranga Gold T 1038 Teranga Gold* O 148 Teras Res V 366 Teras Res* O 29 Terraco Gold V 377 Terrax Mnrls* O 153 Terrax Mnrls V 496 Terreno Res V 400 Teslin Rvr Res V 1937 Tesoro Mnrls V 160 Tethyan Res V 144 Teuton Res V 100 Teuton Res* O 62 Texas Mineral* O 101 Themac Res V 0 Thor Expl V 63 9 Thunder Mtn Gd* O Thunderstruck V 213 Thunderstruck* O 24 Till Capital V 2 Timberline Res V 94 Timberline Res* O 99 Tinka Res V 824 Tinka Res* O 276 Tintina Mines V 16 Tisdale Res V 51 Titan Mining T 66 Titanium Corp V 165 TMAC Resource* O 7 233 TMAC Resources T TNR Gold V 358 Toachi Mg Inc V 37 Tolima Gold V 529 TomaGold V 315 Tombstone Expl* O 973 Tonogold Res* O 62 O 43 Torex Gold* Torex Gold T 1523 Torq Resources V 66 Torq Resources* O 33 Tower Res* O 13 Tower Res V 198 Transatlantic* O 0 Transatlantic V 80 Transition Met V 291 Transition Met* O 10 Treasury Metal T 436 Treasury Metal* O 25 Trecora Res* N 191 Tres-Or Res V 351 Trevali Mng* O 347

0.79 0.70 0.77 + 0.06 1.32 0.33 0.05 0.04 0.05 unch 0.00 0.22 0.03 0.46 0.34 0.42 - 0.06 0.89 0.34 0.35 0.25 0.31 - 0.04 0.68 0.25 0.08 0.06 0.08 + 0.04 0.10 0.03 0.11 0.08 0.11 + 0.07 0.12 0.05 0.03 0.03 0.03 + 0.01 0.06 0.02 0.04 0.04 0.04 unch 0.00 0.09 0.04 0.08 0.00 0.08 + 0.01 0.16 0.02 0.04 0.04 0.04 + 0.01 0.13 0.04 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.68 0.54 0.62 + 0.07 2.07 0.44 0.90 0.71 0.80 + 0.06 2.61 0.60 0.04 0.04 0.04 unch 0.00 0.04 0.03 30.53 28.00 30.22 + 2.10 39.08 23.90 30.50 28.06 30.31 + 1.81 39.00 23.89 23.13 20.97 22.77 + 1.77 30.80 18.17 0.32 0.31 0.31 + 0.03 0.74 0.25 0.43 0.40 0.40 - 0.03 1.00 0.35 0.02 0.01 0.01 - 0.01 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.03 0.01 4.09 3.78 3.89 - 0.01 5.63 3.06 3.03 2.86 2.92 + 0.00 4.33 2.40 0.06 0.05 0.06 + 0.01 0.12 0.04 0.05 0.04 0.05 + 0.01 0.08 0.03 0.08 0.07 0.08 + 0.01 0.10 0.06 0.35 0.30 0.34 + 0.03 0.47 0.25 0.48 0.41 0.48 + 0.01 0.58 0.33 0.04 0.02 0.04 + 0.02 0.13 0.02 0.50 0.44 0.48 + 0.04 0.57 0.33 0.05 0.05 0.05 unch 0.00 0.11 0.05 0.20 0.17 0.20 + 0.01 0.39 0.14 0.16 0.14 0.14 + 0.02 0.25 0.10 0.10 0.07 0.10 + 0.02 0.19 0.07 0.25 0.23 0.23 - 0.01 0.35 0.10 0.00 0.00 0.03 unch 0.00 0.10 0.03 0.16 0.16 0.16 unch 0.00 0.22 0.11 0.09 0.08 0.09 unch 0.00 0.22 0.04 0.08 0.07 0.08 + 0.01 0.12 0.04 0.06 0.05 0.06 + 0.00 0.15 0.03 2.24 2.15 2.24 + 0.23 5.60 1.74 0.12 0.09 0.12 + 0.03 0.28 0.07 0.10 0.06 0.10 + 0.03 0.23 0.00 0.35 0.32 0.33 - 0.01 0.76 0.29 0.27 0.24 0.25 - 0.00 0.63 0.21 0.05 0.05 0.05 unch 0.00 0.10 0.02 0.21 0.00 0.21 unch 0.00 1.06 0.16 1.06 1.01 1.05 + 0.04 1.65 0.87 0.66 0.53 0.56 + 0.02 1.44 0.48 5.17 0.00 4.40 - 0.57 9.24 3.07 6.96 5.34 5.62 - 1.30 11.50 3.95 0.04 0.03 0.03 unch 0.00 0.09 0.03 0.10 0.00 0.09 + 0.02 0.24 0.07 0.02 0.01 0.01 unch 0.00 0.03 0.01 0.06 0.05 0.05 - 0.01 0.09 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.10 0.05 0.10 unch 0.00 0.40 0.00 10.50 9.91 10.32 + 0.41 11.80 5.73 13.93 12.92 13.66 + 0.43 14.58 7.29 0.42 0.40 0.40 - 0.01 0.70 0.32 0.32 0.30 0.31 + 0.00 0.56 0.25 0.02 0.02 0.02 + 0.00 0.12 0.01 0.04 0.03 0.03 + 0.01 0.17 0.02 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.10 0.07 0.08 - 0.02 0.20 0.06 0.07 0.07 0.07 unch 0.00 0.14 0.07 0.32 0.30 0.32 + 0.02 0.62 0.21 0.24 0.23 0.24 + 0.00 0.50 0.16 8.49 7.95 8.03 - 0.24 15.60 6.69 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.33 0.30 0.32 + 0.01 1.37 0.25

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Trevali Mng T 15409 Tri Origin Exp V 29 Trifecta Gold* O 18 Trifecta Gold V 17 Trigen Res* O 326 Trilogy Mtls T 37 Trilogy Mtls* X 577 TriMetals Mng* O 68 TriMetals Mng* O 141 TriMetals Mng T 473 Trinity Res* O 0 Trinity Valley V 30 O 4011 Trio Resources* TriStar Gold* O 134 TriStar Gold V 39 Triumph Gold V 141 O 213 Triumph Gold* Troilus Gold T 548 Troilus Gold* O 1 V 512 Troubadour Res Troy Enrgy V 250 Troy Res* O 3 Troymet Expl V 250 True Grit Res V 1250 True North Gem V 60 True North Gem* O 2 V 450 Trueclaim Expl Tsodilo Res V 122 Tudor Gold V 64 4 Tudor Gold * O Turquoise HIl T 5169 Turquoise HIl* N 20259 TVI Pacific* O 1370 TVI Pacific V 837 Tyhee Gold* O 25 Typhoon Expl V 96

0.45 0.40 0.42 + 0.01 1.75 0.34 0.01 0.01 0.01 unch 0.00 0.04 0.02 0.06 0.04 0.04 + 0.00 0.10 0.03 0.07 0.07 0.07 - 0.01 0.13 0.05 0.24 0.20 0.23 + 0.00 1.01 0.19 2.79 2.42 2.66 + 0.16 3.00 1.32 2.05 1.82 2.05 + 0.19 2.34 1.05 0.03 0.03 0.03 unch 0.00 0.18 0.02 0.06 0.05 0.06 - 0.00 0.23 0.04 0.04 0.04 0.04 unch 0.00 0.23 0.03 0.00 0.00 0.02 unch 0.00 0.20 0.01 0.04 0.00 0.04 unch 0.00 0.16 0.04 0.00 0.00 0.00 + 0.00 0.00 0.00 0.16 0.11 0.12 - 0.03 0.27 0.07 0.19 0.15 0.17 - 0.02 0.33 0.09 0.51 0.44 0.47 - 0.05 0.80 0.27 0.38 0.32 0.35 - 0.01 0.60 0.22 0.80 0.68 0.69 - 0.11 2.25 0.40 0.64 0.00 0.55 - 0.09 1.59 0.45 0.12 0.10 0.10 - 0.01 0.25 0.10 0.04 0.04 0.04 unch 0.00 0.10 0.01 0.07 0.07 0.07 unch 0.00 0.13 0.06 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.02 0.02 0.02 + 0.01 0.15 0.01 0.01 0.01 0.01 unch 0.00 0.05 0.00 0.10 0.07 0.10 + 0.03 0.28 0.07 0.33 0.21 0.30 + 0.06 0.65 0.19 0.28 0.25 0.28 + 0.02 0.58 0.20 0.21 0.20 0.21 + 0.01 0.46 0.15 2.27 2.08 2.11 - 0.13 4.52 1.94 1.70 1.57 1.59 - 0.08 3.58 1.43 0.01 0.01 0.01 + 0.00 0.02 0.00 0.01 0.01 0.01 + 0.01 0.02 0.01 0.00 0.00 0.00 - 0.00 0.00 0.00 0.05 0.00 0.04 + 0.01 0.10 0.03

U.S. Gold* D 469 U.S. Lithium* O 133 U3O8 Corp* O 59 U3O8 Corp T 105 Ubique Mineral 20 141 Ucore Rare Mtl V Ucore Rare Mtl* O 452 UEX Corp T 1260 Ultra Lithium* O 200 Ultra Lithium V 121 Umbral Enrgy* O 213 Unigold V 45 United Battery 2897 United Battery* O 891 United Res Hdg* O 327 86 United States A* X United States S* N 45896 Unity Metals V 192 Unity Metals* O 17 V 529 Universal Vent Ur-Energy T 429 Ur-Energy* X 1594 671 Uragold Bay Rs V Uranium Energy* X 4742 Uranium Hunter* O 0 Uranium Res* D 3674 Uravan Mnrls V 1835 UrbanGold Min V 280 USCorp* O 40 Val-d’Or Mg V 9 Vale* N 110030 Valencia Vent* O 0 Valley High Mg* O 3418

1.14 0.98 1.10 + 0.13 3.27 0.74 0.62 0.20 0.32 + 0.05 1.44 0.09 0.21 0.18 0.19 - 0.02 0.40 0.13 0.28 0.24 0.24 - 0.04 0.50 0.19 0.15 0.00 0.15 - 0.05 0.25 0.06 0.14 0.12 0.14 + 0.01 0.25 0.11 0.11 0.09 0.10 + 0.00 0.20 0.08 0.19 0.17 0.18 unch 0.00 0.35 0.14 0.09 0.06 0.06 - 0.02 0.38 0.05 0.12 0.09 0.11 + 0.01 0.48 0.08 0.15 0.13 0.14 + 0.01 0.60 0.11 0.17 0.15 0.15 - 0.01 0.27 0.13 0.20 0.09 0.11 - 0.01 1.68 0.09 0.15 0.07 0.09 + 0.00 1.58 0.07 0.02 0.01 0.01 - 0.01 0.07 0.01 0.65 0.58 0.64 + 0.03 1.05 0.23 21.20 20.15 21.04 + 0.70 47.64 17.09 0.56 0.45 0.56 + 0.11 0.56 0.10 0.33 0.33 0.33 unch 0.00 0.33 0.09 0.35 0.31 0.35 + 0.04 0.63 0.29 0.92 0.87 0.90 + 0.02 1.19 0.74 0.69 0.65 0.67 + 0.01 0.93 0.54 0.07 0.06 0.06 unch 0.00 0.14 0.06 1.35 1.26 1.30 unch 0.00 1.89 1.12 0.95 0.00 0.95 - 0.05 1.70 0.26 0.18 0.16 0.17 - 0.01 1.06 0.13 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.15 0.11 0.12 - 0.01 0.15 0.10 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.10 0.00 0.10 unch 0.00 0.14 0.10 14.66 13.80 14.11 + 0.09 16.13 11.93 0.00 0.00 0.15 unch 0.00 0.01 0.01 0.01 - 0.00 0.04 0.00

U-V

(100s) Stock

Week

12-month

(100s)

Exc Volume High Low Last Change High Low

ValOre Metals* O 157 ValOre Metals V 6791 Valterra Res* O 129 386 Valterra Res V 2 Vanadian Enrgy* O 264 Vanadian Enrgy V 753 Vanadium One V Vanadiumcorp* O 174 V 2254 Vanadiumcorp 30 Vangold Res* O Vanstar Mng Rs* O 292 677 Vanstar Mng Rs V 72 V Vantex Res V 1322 Vatic Vent Vatic Vent* O 17 N 2640 Vedanta* 177 Velocity Mnrls V Vendetta Mng V 1235 Vendetta Mng* O 162 20 Venerable Vent V 96 Verde Potash T Verde Res* O 1077 1 O Veris Gold* 299 Vertical Expl V Victoria Gold V 3051 1 Victory Nickel* O Victory Nickel 100 75 V Victory Res Virginia Enrgy* O 182 136 Virginia Enrgy V Viscount Mng V 133 235 Visible Gold M V 48 Visible Gold M* O Vision Lithium V 98 3 Vision Lithium* O 367 X Vista Gold* Vista Gold T 15 31 O Viva Gold* 32 V Viva Gold 4 V Vizsla Res Volcanic Gold V 30 8 Volcanic Gold* O 20 V Volt Energy Voltaic Min V 15 595 Voyageur Min V Voyageur Min* O 489 8 O VR Resources* 101 VR Resources V 56 Vulcan Mnrls V 607 V VVC Expl

0.14 0.09 0.14 + 0.04 0.48 0.06 0.11 0.19 0.11 0.18 + 0.05 0.95 0.02 0.01 0.02 + 0.00 0.04 0.01 0.03 0.02 0.02 - 0.01 0.04 0.02 0.07 0.07 0.07 unch 0.00 0.13 0.01 0.08 0.08 0.08 + 0.01 0.18 0.06 0.21 0.15 0.19 + 0.04 0.29 0.04 0.07 0.06 0.06 - 0.01 0.15 0.01 0.07 0.10 0.08 0.08 - 0.01 0.16 0.02 0.02 0.02 unch 0.00 0.20 0.01 0.13 0.11 0.12 - 0.01 0.13 0.07 0.17 0.14 0.15 + 0.01 0.18 0.07 0.16 0.14 0.14 - 0.02 0.58 0.14 0.09 0.07 0.09 + 0.02 0.32 0.06 0.01 0.07 0.04 0.07 + 0.02 0.64 10.26 11.39 11.05 11.25 - 0.05 21.99 0.22 0.19 0.19 - 0.01 0.27 0.13 0.17 0.14 0.15 - 0.03 0.26 0.14 0.13 0.10 0.12 - 0.01 0.20 0.10 0.10 0.10 0.10 unch 0.00 0.13 0.10 0.83 0.75 0.77 unch 0.00 1.25 0.53 0.00 unch 0.00 0.07 0.01 0.00 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.11 0.09 0.09 - 0.01 0.39 0.06 0.41 0.38 0.39 + 0.01 0.47 0.30 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.01 0.03 0.00 0.03 + 0.01 0.07 0.11 0.08 0.11 unch 0.00 0.55 0.08 0.13 0.10 0.11 - 0.01 0.28 0.07 0.19 0.15 0.15 + 0.01 0.36 0.09 0.15 0.27 0.24 0.24 - 0.04 0.38 0.07 0.07 0.07 + 0.02 0.18 0.04 0.03 0.03 0.03 unch 0.00 0.14 0.03 0.08 0.17 0.11 0.11 - 0.07 0.75 0.11 0.10 0.10 - 0.03 0.57 0.07 0.59 0.54 0.58 + 0.03 0.87 0.37 0.56 unch 0.00 1.12 0.77 0.73 0.75 0.24 0.23 0.24 + 0.01 0.40 0.21 0.32 0.31 0.31 - 0.01 0.69 0.21 0.14 0.14 0.14 unch 0.00 0.19 0.14 0.02 unch 0.00 0.27 0.04 0.04 0.04 0.04 0.02 0.02 - 0.02 0.17 0.02 0.04 0.04 0.04 unch 0.00 0.84 0.03 0.15 0.19 0.15 0.16 + 0.01 0.90 0.12 0.06 0.11 + 0.04 0.12 0.05 0.09 0.06 0.08 + 0.03 0.08 0.04 0.13 0.13 0.13 - 0.00 0.35 0.13 0.20 0.18 0.19 + 0.01 0.43 0.17 0.04 0.00 0.04 + 0.01 0.07 0.04 0.04 0.00 0.04 unch 0.00 0.07 0.02

1 Walker Lane* O 466 Walker River V T 3797 Wallbridge Mng 0 Warrior Gold* O 228 Warrior Gold V Waseco Res V 70 503 Wealth Mnrls V Wealth Mnrls* O 360 8 Wescan Gldflds V Wesdome Gold* O 381 Wesdome Gold T 2958 225 West African V 141 West High Yld V 84 West Kirkland V West Kirkland * O 145 199 West Red Lake West Red Lake* O 115 20 Western Areas* O

0.32 0.00 0.32 - 0.04 0.40 0.05 0.07 0.06 0.07 + 0.01 0.09 0.05 0.06 0.20 0.17 0.18 + 0.02 0.35 0.00 0.00 0.04 unch 0.00 0.17 0.03 0.10 0.07 0.07 - 0.02 0.22 0.04 0.02 unch 0.00 0.06 0.03 0.03 0.03 0.49 0.40 0.42 - 0.06 2.00 0.37 0.36 0.31 0.33 - 0.03 1.55 0.27 0.04 0.00 0.04 unch 0.00 0.11 0.01 3.48 3.19 3.24 - 0.12 3.79 1.31 4.58 4.22 4.26 - 0.23 4.75 1.71 0.24 0.22 0.23 unch 0.00 0.50 0.14 0.40 0.32 0.35 - 0.08 0.60 0.20 0.05 0.05 0.05 - 0.01 0.09 0.04 0.04 0.04 0.04 + 0.00 0.07 0.03 0.07 0.06 0.07 + 0.01 0.15 0.05 0.05 0.04 0.05 unch 0.00 0.12 0.03 1.46 1.41 1.46 + 0.19 2.82 1.27

W-Z

Stock

Week

15

12-month

Exc Volume High Low Last Change High Low

Western Atlas V 37 Western Copper T 321 X 301 Western Copper* Western Pac Rs V 9 3 Western Pac Rs* O Western Potash T 72 Western Res* O 1 Western Troy C V 75 Western U&V 93 Western U&V* O 167 O 147 Westhaven Vent* Westhaven Vent V 1022 Westkam Gold* O 1333 V 656 Westkam Gold Westminster Rs V 105 O 535 Westmoreland* Wheaton Prec M T 5250 Wheaton Prec M* N 7952 Whistler Gold V 228 O 9 White Energy* White Gold* O 60 White Gold V 1390 White Metal R* O 110 White Metal Rs V 583 White Mtn Engy* O 205 Whitehaven Coa* O 4 V 800 Whitemud Res Wildsky Res* O 3 Wildsky Res V 49 Winston Gold* O 145 Winston Gold 8 Winston Res 208 Wolfden Res* O 60 Wolfden Res V 618 Wolfeye Res V 199 V 3 Worldwide Res WPC Res V 365 X-Terra Res* O 100 X-Terra Res V 87 T 25 Xanadu Mines Xander Res V 1090 Xiana Mng V 65 Ximen Mng V 1073 Ximen Mng* O 14 Xtierra Inc V 1140 Xtra-Gold Res T 25 O 12 Xtra-Gold Res* Yamana Gold T 12529 N 46410 Yamana Gold* Yanzhou Coal* O 0 Yellowhead Mng* O 1 V 49 Yellowhead Mng Yorbeau Res T 1797 Yorbeau Res* O 800 You Han Data* O 1 O 5 Zadar Ventures* Zadar Ventures V 354 Zanzibar Gold 85 Zena Mining V 195 Zenith Explor 1 Zenyatta Vent* O 132 Zenyatta Vent V 396 Zephyr Mnls* O 8 Zephyr Mnls V 61 Zimtu Capital V 30 Zinc One Res V 796 Zinc One Res * O 163 Zincore Mtls V 7 ZincX Res V 300 ZincX Res* O 45 Zonte Metals V 118 Zonte Metals* O 80

0.08 0.07 0.07 - 0.01 0.30 0.05 0.80 0.68 0.73 - 0.05 1.31 0.52 0.60 0.51 0.56 - 0.03 1.03 0.35 0.47 0.00 0.41 - 0.07 1.20 0.40 0.30 0.30 0.30 - 0.05 0.62 0.01 0.29 0.26 0.27 + 0.01 0.45 0.21 0.19 0.19 0.19 - 0.00 0.35 0.15 0.01 0.00 0.01 unch 0.00 0.04 0.01 1.67 1.31 1.47 - 0.18 3.32 0.44 1.30 0.98 1.10 - 0.14 2.70 0.96 0.97 0.83 0.86 - 0.08 1.03 0.08 1.30 1.08 1.15 - 0.10 1.43 0.10 0.01 0.00 0.00 - 0.00 0.04 0.00 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.06 0.05 0.05 - 0.01 0.25 0.03 0.02 0.00 0.02 + 0.00 1.49 0.01 26.22 25.23 25.65 - 0.28 29.93 19.87 19.64 18.98 19.31 - 0.05 22.87 15.08 0.06 0.06 0.06 unch 0.00 0.08 0.06 0.23 0.23 0.23 unch 0.00 0.31 0.11 1.25 1.13 1.19 + 0.02 1.44 0.46 1.67 1.47 1.55 unch 0.00 2.00 0.54 0.04 0.00 0.04 + 0.00 0.19 0.02 0.05 0.05 0.05 + 0.01 0.25 0.04 0.00 0.00 0.00 + 0.00 0.00 0.00 3.15 3.15 3.15 unch 0.00 4.37 3.15 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.08 0.00 0.08 unch 0.00 0.77 0.05 0.08 0.08 0.08 unch 0.00 1.01 0.08 0.03 0.03 0.03 + 0.00 0.09 0.02 0.05 0.05 0.05 unch 0.00 0.09 0.03 0.03 0.03 0.03 - 0.01 0.24 0.02 0.21 0.19 0.21 + 0.03 0.56 0.13 0.29 0.25 0.29 + 0.04 0.68 0.18 0.85 0.74 0.77 - 0.03 1.50 0.50 0.00 0.00 0.03 unch 0.00 0.07 0.03 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.07 0.07 0.07 unch 0.00 0.20 0.07 0.11 0.00 0.11 + 0.02 0.26 0.09 0.17 0.12 0.17 + 0.05 0.17 0.11 0.09 0.09 0.09 - 0.01 0.20 0.03 0.55 0.00 0.55 + 0.05 0.70 0.10 0.45 0.30 0.42 + 0.13 0.43 0.14 0.29 0.27 0.29 + 0.02 10.27 0.10 0.06 0.05 0.06 + 0.01 0.08 0.02 0.46 0.44 0.45 unch 0.00 0.46 0.20 0.33 0.32 0.33 + 0.01 0.45 0.11 3.32 3.13 3.26 + 0.01 4.69 2.66 2.50 2.35 2.43 unch 0.00 3.80 2.00 0.00 0.00 1.08 unch 0.00 1.83 1.08 0.52 0.52 0.52 unch 0.00 0.68 0.10 0.98 0.80 0.90 + 0.10 0.98 0.10 0.04 0.03 0.03 unch 0.00 0.08 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.01 1.10 0.85 0.85 - 0.25 2.80 0.75 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.18 0.14 0.14 - 0.01 0.20 0.10 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.00 0.00 0.04 unch 0.00 0.04 0.04 0.40 0.36 0.40 + 0.02 0.65 0.27 0.54 0.47 0.52 + 0.01 0.84 0.34 0.15 0.14 0.14 + 0.00 0.24 0.11 0.19 0.18 0.18 unch 0.00 0.31 0.15 0.25 0.22 0.23 + 0.01 0.40 0.20 0.11 0.08 0.09 - 0.01 0.55 0.07 0.08 0.06 0.06 + 0.01 0.45 0.04 0.05 0.05 0.05 unch 0.00 0.24 0.03 0.22 0.20 0.20 - 0.01 0.75 0.19 0.15 0.15 0.15 unch 0.00 0.56 0.14 0.32 0.28 0.31 + 0.02 0.41 0.16 0.23 0.21 0.23 unch 0.00 0.30 0.12

BID-ASK — JANUARY 7–11, 2019

STOCK

12-MONTH

EXC BID ASK LAST HIGH

66 Resources C V AEX Gold African Metals V Aguila Amer Gd V AJN Resources C Alba Minerals V Alchemist Mng C Alexandra Cap C ALQ Gold C Altan Nevada V Altan Rio Min V V Altitude Res American CuMo V V Amseco Expl Anglo-Bomarc V Angus Ventures V Antler Hill V Archon Mineral V V Arcturus Vent Argentum Silvr V Arrowstar Res V Asante Gold C Asbestos Corp V Ashanti Sanko V AsiaBaseMetals V Asian Mineral V Aurelius Min V Austin Res V Balto Res V Banro Corp* X Baroyeca Gold V BC Moly V Bearclaw Cap V Benz Mining V Bethpage Cap V BHK Mining V Black Bull Res V Black Dragon V Black Mammoth V Boss Power V Buccaneer Gold V Buffalo Coal V Bullman Min V Cairo Res V Camrova Res V Canadian Engy V Canadian Plat V Canadian Silv V Canoe Mng Vent V Caracara Silvr V Carlin Gold V Cassius Vents V Century Global T Cerro de Pasc C Chatham Rock V Chinapintza Mg V Cicada Vents V CIM Intl Grp C Cipher Res V Cleghorn Mnls V Cliffs Nat Res* N Clydesdale Res V Comet Inds V Commander Res V Copper Reef Mg C CR Capital V Cresval Cap V CWN M’g Acq V Cyprium Mng V Damara Gold V Dawson Gold V DV Resources V Electra Stone V Emgold Mng V Essex Minerals V European Metal C Eurotin V EVI Global Grp C Evolving Gold C Excalibur Res C Fieldex Expl V Finore Mng C Fire River Gol V Firestone Vent V

12-15_JAN21_StockTables.indd 15

0.14 0.20 0.14 0.27 0.34 0.39 0.37 0.53 0.06 0.09 0.06 0.19 0.27 0.19 0.29 0.05 0.10 0.10 0.20 0.15 0.16 0.16 0.28 0.03 0.03 0.06 0.22 ... ...

0.50 0.93 1.20 1.20 0.22 0.01 0.02 0.01 0.05 0.01 0.01 0.01 0.02 0.02 0.04 0.05 0.09 0.06 0.07 0.06 0.13 0.05 0.10 0.05 0.29 0.08 0.08 0.15 0.16 ... ...

0.42 0.50 0.02 ...

0.10 0.20 0.65 1.10 0.66 1.31 0.09 0.15 0.09 0.16 0.16 0.19 0.15 0.33 0.02 0.12 0.12 0.12 0.04 0.06 0.06 0.08 0.38 0.75 0.35 0.90 0.02 0.04 0.02 0.10 0.22 0.30 0.21 0.40 0.33 0.80 0.35 6.00 0.13 0.14 0.14 0.15 0.01 0.02 0.01 0.04 0.08 0.12 0.08 0.38 0.11 0.11 0.11 2.10 0.01 0.02 0.01 0.04 0.03 0.08 0.03 0.16 0.03 0.04 0.03 0.06 0.07 0.09 0.08 0.17 0.01 ...

0.07 0.11 0.02 0.02 0.02 0.10 0.18 0.10 0.08 0.09 0.09 0.39 0.06 0.07 0.07 0.14 0.17 0.20 0.17 0.02 0.04 0.03 0.18 0.01 0.02 0.01 0.03 0.05 0.11 0.06 0.09 0.28 0.41 0.27 0.42 0.06 0.07 0.07 0.11 0.18 0.18 0.15 0.35 0.02 0.02 0.03 0.05 0.05 0.06 0.06 0.09 0.05 0.05 0.14 0.20 ... 0.20 0.11 0.20 0.02 0.02 0.02 0.04 0.06 0.12 0.06 0.08 0.17 0.20 0.17 0.29 ... ...

0.29 0.34 0.17 0.19 0.18 0.33 0.01 0.01 0.01 0.02 0.01 0.02 0.01 0.02 0.19 0.22 0.21 0.32 0.07 0.09 0.08 0.17 0.08 0.10 0.08 0.14 1.45 3.20 1.43 7.17 0.04 0.15 0.03 0.15 2.50 3.25 3.05 3.60 0.09 0.10 0.10 0.25 0.02 0.02 0.02 0.03 0.05 0.06 0.05 0.15 ... 0.20 0.05 0.05 0.08 0.05 0.25 0.03 0.03 0.03 0.04 0.06 0.05 0.07 0.01 0.30 0.30 0.08 0.10 0.09 0.50 0.01 0.02 0.01 0.03 0.08 0.08 0.08 0.22 0.03 0.05 0.04 0.20 ... 0.01 0.01 0.03 0.05 0.03 0.13 0.58 0.63 0.63 0.70 0.08 0.08 0.08 0.19 0.09 0.10 0.10 0.11 0.17 0.17 0.19 0.12 0.12 0.11 0.03 0.07 0.09 0.06 0.07 0.07 0.18

LOW

STOCK

0.10 0.32

V First Idaho Freeport Res V V Full Metal Mnl Gem Intl Res V Getchell Gold C V GFM Res Global Cop Grp V C God’s Lake Res Goldbank Mng V V Goldbelt Emp Golden Harp V Golden Pursuit V V Golden Share Gossan Res V V Granite Creek Great Quest Fe V Greatbanks Res V Green Arrow V Green Valley M V Greenshield Ex V Grenville Gold C Grosvenor Res V Guerrero Vents V HFX Holding V Highbank Res V Highbury Proj V Highvista Gold V Highway 50 Gld V Icon Explor V Indigo Expl V Infinite Lith V Inform Res V Inspiration Mg C Inter-Rock Mnl V Interconnect V Intl Battery C Intl Bethl Mng V Intl Corona V Intl Millm Mng V Iron South Mng V Jazz Res V JDF Explor Inc C Jubilee Gold V Kal Minerals C Kapuskasing Gd V Kenna Res V La Imperial C Legion Metals C Leo Res C Libero Copper V Lions Bay Cap V Lithion Energy V Logan Res V Lovitt Res V Lund Enterpr V M.P.V. Explor C Madeira Mrnls V MAG Silver* X Magna Gold V V Magnitude Mng Martina Mnls V Matachewan Con V V MAX Res Mesa Expl V Metalore Res V Metron Capital V Mezzotin Mnrls V Micrex Dev V Midasco Cap V Midnight Star C MillenMin Vent V Millstream Min V Milner Con Slv V Minecorp Egy V Minsud Res V MK2 Ventures V Monster Uran V Montana Gold C Montero Mg&Ex V Mountain Lake C Murchison Min V MX Gold V Navy Res V Nebu Res V

0.17 0.08 0.04 0.04 0.25 0.01 0.01 0.04 0.05 0.01 0.06 0.33 0.07 0.62 0.09 0.10 0.05 0.03 0.33 0.02 0.15 0.30 0.03 0.01 0.05 0.10 0.01 0.03 0.03 0.05 0.07 0.08 0.05 0.03 0.01 0.06 0.24 0.06 0.11 0.02 0.04 0.11 0.08 0.02 0.03 0.11 0.12 0.14 0.01 0.01 0.18 0.05 0.08 0.98 0.02 2.60 0.07 0.02 0.02 0.03 0.04 0.08 0.01 0.05 0.03 0.01 0.07 0.07 0.01

0.05

12-MONTH

EXC BID ASK LAST HIGH LOW

0.06 0.25 0.04 0.06 0.07 0.10 0.10 0.10 0.10 ...

0.10 0.13 0.01 0.02 0.02 0.03 0.31 0.40 0.15 3.60 0.05 0.13 0.04 0.15 0.07 0.08 0.08 0.11 ... ...

0.90 1.10 0.10 0.15 0.08 0.21 0.02 0.03 0.02 0.03 0.08 0.15 0.13 0.20 0.11 0.12 0.11 0.21 0.15 0.15 0.17 0.30 0.07 0.09 0.09 0.12 ... ...

0.12 0.13 0.10 0.10 0.10 0.18 0.03 0.05 0.03 0.03 0.04 0.03 0.17 0.05 0.20 0.06 0.50 0.12 0.43 0.12 0.15 0.25 0.37 0.40 0.70 0.12 0.50 0.12 0.20 0.07 0.10 0.09 0.30 0.05 ...

0.06 0.10 0.02 0.02 0.02 0.05 0.21 0.48 0.22 0.35 ... ...

0.17 0.17 0.25 0.20 0.48 ... 0.41 0.41 0.84 0.01 0.02 0.02 0.04 0.26 0.29 0.28 0.32 0.06 0.07 0.06 0.31 0.03 0.03 0.03 0.27 0.23 0.30 0.28 0.59 0.07 0.10 0.08 0.11 ... ...

0.31 0.04 0.05 0.04 0.14 0.03 0.04 0.04 0.08 0.02 0.03 0.03 0.04 0.24 0.27 0.24 0.28 0.04 0.07 0.05 0.09 0.01 ...

0.05 0.15 0.41 0.70 0.64 0.67 0.12 0.30 0.12 0.20 0.01 0.02 0.02 0.04 0.13 0.16 0.15 0.04 0.12 0.07 0.08 0.12 0.58 0.17 0.19 ... ...

1.09 0.07 0.09 0.08 0.15 0.04 0.05 0.05 0.14 ... ...

0.10 0.02 0.02 0.06 0.07 0.08 0.13 0.10 0.25 0.13 0.13 0.13 0.25 0.08 0.10 0.07 0.30 0.04 0.15 0.04 0.05 12.52 13.30 12.52 14.40 ... ...

0.40 0.45 ... ...

0.15 0.30 0.04 0.10 0.04 0.07 0.16 0.24 0.24 0.30 0.24 0.24 0.20 0.32 0.02 0.06 0.06 0.08 1.66 2.25 1.63 3.00 0.06 0.10 0.06 0.08 0.01 0.02 0.01 0.04 0.02 0.02 0.01 0.03 0.10 0.20 0.09 0.15 0.18 0.20 0.20 0.40 0.01 0.50 0.05 0.04 0.06 0.04 0.05 0.10 0.04 0.11 ... ...

0.12 0.20 0.06 0.11 0.08 0.21 0.13 0.34 0.22 0.39 0.15 0.41 0.15 0.50 0.09 0.10 0.10 0.10 0.09 0.10 0.08 0.34 ... ...

0.05 0.09 0.08 0.12 0.08 0.25 0.11 0.11 0.11 0.15 0.21 0.16 0.32 0.04 0.04 0.04

0.02 0.04 0.10 0.02 0.87 0.04 0.04 0.22 0.07 0.02 0.01 0.08 0.09 0.05 0.08 0.06 0.02 0.06 0.10 0.12 0.12 0.06 0.05 0.02 0.21 0.15 0.34 0.01 0.12 0.06 0.02 0.20 0.04 0.03 0.03 0.02 0.04 0.03 0.01 0.40 0.12 0.01 0.07 0.05 0.07 0.04 0.06 0.04 0.11 0.06 0.02 6.12 0.20 0.14 0.04 0.15 0.12 0.03 1.40 0.05 0.01 0.01 0.07 0.11 0.03 0.07 0.05 0.15 0.13 0.02 0.07 0.03 0.06 0.15

STOCK

Nevada Energy New Jersey Mng New Klondike New Stratus Newlox Gold Newmac Res Noble Mineral Nrthn Lion Odyssey Res Opus One Res Organic Potash Oriental Non F Pac Cascade Pasinex Res Patriot Gold Pedro Res Pele Mtn Res Phoenix Gold Prime Meridian ProAm Expl Quantum Cobalt Rare Element* Razore Rock Res Red Oak Mg Red Tiger Mng Regency Gold Reliant Gold Rhyolite Res Ridgestone M’g Riley Resource Rio Silver River Wild Exp Rockland Mnls Rockwealth Res Rojo Res Rokmaster Res Romios Gold Rs Ross River Rotation Mnls Rubicon Mnrls* Rugby Mng Sage Gold Sandy Lake Gld Sennen Potash Serabi Gold Shine Minerals Shoshoni Gold Silver Phoenix Silver Viper SouthGobi Res Starr Peak Exp Strategic Res Superior Mng Surge Explor Tajiri Res Tantalex Res Tanzania Mnls Tesoro Mnrls Thor Expl Thunder Mtn Gd Tiger Intl Tintina Mines Tri-River Vent Trident Gold Troymet Expl UC Res Upper Canyon Uravan Mnrls Vale* ValOre Metals Vanadium One Vangold Res Vela Minerals Venerable Vent Vizsla Res Westcot Vent Whistler Gold Worldwide Res Zara Res Zena Mining Zenith Explor Zinco Mng Zincore Mtls

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.12 0.15 0.13 0.40 0.17 0.33 0.17 0.26 0.01 0.01 0.01 0.25 ...

0.40 0.40 0.03 0.05 0.03 0.07 0.05 0.10 0.07 0.10 0.09 0.11 0.10 0.17 0.15 0.59 0.26 0.62 0.03 0.05 0.03 0.06 0.02 0.03 0.03 0.10 0.03 0.04 0.03 0.08 ... ...

1.00 1.05 0.01 0.02 0.01 0.09 0.10 0.09 0.22 0.05 ...

0.10 0.10 ... 0.30 0.21 0.42 0.03 0.03 0.04 0.07 ... 0.01 0.01 0.01 0.50 0.14 0.04 0.04 0.03 0.04 ... ...

1.10 3.15 0.11 0.16 0.15 0.89 0.08 ...

0.07 0.27 0.05 0.33 0.33 0.34 0.02 0.03 0.03 0.19 0.27 0.20 0.28 ... 0.01 0.02 0.04 0.15 0.37 0.15 0.32 0.22 0.40 0.27 0.32 0.14 0.29 0.17 0.41 0.03 0.05 0.04 0.07 0.55 0.75 0.55 0.70 0.07 0.08 0.08 0.11 0.12 0.16 0.12 0.24 ... 1.65 0.40 0.06 0.06 0.08 0.18 0.05 0.05 0.05 0.09 ...

0.14 0.26 0.50 0.08 0.15 0.07 0.40 ... ...

0.03 1.35 0.17 0.25 0.18 0.43 0.01 0.01 0.02 0.12 0.08 0.08 0.09 0.13 0.45 0.45 0.45 0.55 0.53 0.63 0.59 1.60 0.09 ...

0.14 0.16 0.04 0.05 0.04 0.08 0.09 0.14 0.09 0.22 0.08 0.09 0.09 0.25 0.09 0.09 0.14 0.25 0.11 0.15 0.16 0.19 0.25 0.30 0.23 0.30 0.06 0.15 0.10 0.10 0.39 0.44 0.39 0.23 0.09 0.17 0.08 0.18 0.04 0.05 0.05 0.22 0.07 0.08 0.16 1.20 0.05 0.06 0.05 0.11 0.12 0.14 0.16 0.22 ... ...

0.17 0.30 0.05 0.13 0.08 0.17 0.05 0.08 0.05 0.10 ... ...

0.04 0.14 0.24 0.14 0.20 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.03 0.15 0.35 0.25 0.40 0.03 0.03 0.03 0.06 ... ...

10.24 11.10 0.06 0.07 0.07 0.13 0.13 0.15 0.13 0.02 0.02 0.02 0.25 0.18 0.30 0.30 0.30 0.08 0.20 0.10 0.13 0.12 0.15 0.14 0.19 ... ...

0.35 0.51 0.06 0.10 0.06 0.08 0.03 0.07 0.03 0.07 0.05 ...

0.07 0.24 0.06 0.08 0.06 0.12 0.05 ...

0.04 0.04 0.05 0.07 0.05 0.04 0.07 0.05 0.24

0.10 0.15 0.10 0.03 0.06 0.06 0.19 0.02 0.02 0.02 1.00 0.07 0.10 0.17 0.03 0.02 0.20 0.06 0.06 0.08 0.14 0.02 0.15 0.19 0.10 0.04 0.02 0.01 0.11 0.06 0.04 0.10 0.07 0.03 0.14 0.01 0.04 0.36 0.49 0.08 0.04 0.02 0.07 0.10 0.09 0.16 0.04 0.03 0.05 0.03 0.12 0.05 0.11 0.14 0.04 0.02 0.14 0.01 0.01 0.15 0.03 6.57 0.07 0.02 0.18 0.10 0.14 0.23 0.06 0.03 0.07 0.05 0.04 0.03

2019-01-14 4:48 PM

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2019-01-15 11:41 AM

MARCH 3 – 6

SPECIAL SUPPLEMENT TO THE NORTHERN MINER / JANUARY 21-FEBRUARY 3, 2019

PAGES 1 - 16

PDAC 2019: BIGGER AND BETTER WITH A FOCUS ON THE NEXT GENERATION

By Co-Chairs of the 2019 Convention Planning Committee of the Prospectors & Developers Association of Canada (PDAC): Dr. James Siddorn, PGeo, President, SRK Consulting (Canada) Inc. and Robert Boyd, President, CEO and Director of Endurance Gold Corporation

PDAC 2018 was extremely successful, welcoming more than 25,000 attendees from 135 countries, and we anticipate the 2019 convention being even bigger and better. The event has attracted more than a quarter of a million attendees since 2010 and continued registration growth is expected given the recent market improvements. We have seen confidence returning to the mineral exploration and mining sector around the world with market stability and investment increasing and significant mergers occurring.

At the Mineral Outlook Luncheon (March 4), Julian Kettle, Vice Chairman of Metals and Mining at Wood Mackenzie, will discuss the possibility of metal shortages due to lack of investment in the mining industry.

There will be exceptional networking opportunities at this and other events, such as the Opening Day Reception (March 3), Trade Show Reception (March 4), Mining for Diversity Reception (March 5), Awards Gala & After Party (March 5), and Grand Finale (March 6), where you will meet the who’s who of the global mining industry.

Join us at PDAC 2019 from March 3 to 6 to celebrate the 87th anniversary of the world’s premier mineral exploration and mining convention.

Our 2019 event will feature more than 1,100 exhibitors, with over 500 at the Investors Exchange and another 600 at the Trade Show. After two years of sold-out exhibitor space and long waiting lists, we are pleased to announce that the Trade Show North facility is expanding to accommodate the growing demand.

Once again, we are proud to partner with our many sponsors, most of whom are long-term supporters of our convention. On behalf of the PDAC, we would particularly like to thank our Diamond sponsor Teck Resources Limited; our Platinum sponsors Barrick Gold Corporation, BHP, and Goldcorp; and our Patron sponsors Nexa Resources S.A., BMO Capital Markets, Caterpillar, TMX Group, and Vale Canada Limited. We would also like to welcome and thank our Mining Country sponsors: Peru, that is returning for the fifth year, Brazil and the Government of Canada, that are new Mining Country Sponsors for PDAC 2019.

PDAC 2019 will offer over 550 engaging presentations, such as specialized Aboriginal, Capital Markets, Student & Early Career, Sustainability, and Technical programming. Also included are the Corporate Presentation Forum for Investors, Letter Writer Presentations for Investors, Exploration Insights, Geoscience Data Forum, Franco-Mine (event in French-only), and more

than 30 free events in the rentable Presentation & Reception Rooms.

Keynote 2019 (March 4), titled The Next Generation, will focus on professionals under 40. Many companies are concerned with the aging workforce in the mining industry, along with the need to increase gender diversification. Stephen de Jong, the CEO of VRify, and Roy Sebag, the CEO of Goldmoney Inc., will provide their views on issues they’re facing currently

and likely trends in our industry’s future. In addition, for the first time the keynote session will include a group presentation on Millennials & mining during which a diverse team of prize-winning university students will share their perspectives on the future of exploration and mining.

You will also have the opportunity to attend 13 in-depth, educational short courses led by industry experts on topics including the following:

Applied structural geology of gold and base-metal-bearing hydrothermal mineralizing systems, Concepts and application of machine learning to mining geoscience, Fundamentos de estimación de recursos minerales (New for PDAC 2019: Spanish-only instruction), Holistic exploration in covered terranes, Reporting and benchmarking resource projects, and The art and science of effective community engagement.

Visit our website at www.pdac.ca/ convention for the latest news and information. We look forward to seeing you all at the PDAC 2019 Convention.

PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention

2019

March 3 – 6, 2019 Metro Toronto Convention Centre, Toronto, Canada Register online by February 8, 2019 to qualify for early registration rates.

Review the full program and registration details at www.pdac.ca/convention CONVENTION REGISTRATION DESK HOURS Onsite Info and Registration Centre Sponsored by Barrick Gold Corporation Friday, March 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7:00 am – 6:00 pm Saturday, March 2 . . . . . . . . . . . . . . . . . . . . . . . . . . 7:00 am – 6:00 pm Sunday, March 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7:00 am – 5:00 pm Monday, March 4. . . . . . . . . . . . . . . . . . . . . . . . . . . 7:00 am – 5:00 pm Tuesday, March 5. . . . . . . . . . . . . . . . . . . . . . . . . . . 7:00 am – 5:00 pm Wednesday, March 6. . . . . . . . . . . . . . . . . . . . . . . . 7:00 am – 12:00 pm For more information on registration, contact PDAC Registration Department at pdac@pdacevents.ca or 1 866 939 6468 | 647 362 8442.

For more information about the convention, contact: Prospectors & Developers Association of Canada 800-170 University Ave Toronto, Ontario M5H 3B3, Canada E convention@pdac.ca T 1 416 362 1969 F 1 416 362 0101

PDAC 2019.indd 1

Now Available from

Headquartered in Vancouver, B.C., Teck is Canada's largest diversified resource company committed to responsible mining and mineral development with business units focused on copper, zinc, steelmaking coal and energy.

With ownership or interest in 12 operating mines in Canada, the USA, Chile and Peru, one large metallurgical complex and an oil sands mining and processing operation in Canada, Teck has expertise across a wide range of activities including exploration (primarily focused on three commodities: copper, zinc and gold), mining and minerals processing, including smelting and refining, health and safety, environmental protection, materials stewardship, recycling and research.

Teck’s close to 10,000 employees work each day to deliver on their commitment to health and safety, protection of the environment and the sustainability of the communities in which Teck operates.

Teck is proud to be the Diamond Sponsor for the PDAC 2019 Convention.

Geoscience and Exploration of the Argyle, Bunder, Diavik, and Murowa Diamond Deposits Editors: Andy T. Davy, Chris B. Smith, Herwart Helmstaedt, and A. Lynton Jaques

Sponsored by

www.segweb.org/store

2019-01-15 6:12 PM

Convention Sponsors DIAMOND SPONSOR

2019 PLATINUM SPONSORS

MINING COUNTRY SPONSORS

PATRON SPONSORS

PREMIER SPONSORS

GOLD PLUS SPONSORS

GOLD SPONSORS

®

BRONZE SPONSORS Peter Bojtos

INC.

YEA R

S

IBK Capital Corp.

Prospectors & Developers Association of Canada

PDAC 2019.indd 2

www.pdac.ca/convention

2019-01-15 6:12 PM

3 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

PROGRAMMING ABORIGINAL PROGRAM The Aboriginal Program provides a platform for discussion on fostering cooperative, respectful and mutually-beneficial relationships between Aboriginal communities and the minerals industry. This program brings Aboriginal communities and Aboriginal-owned companies together with the industry and other interested parties to share experiences, exchange ideas and network.

For more information, visit www.pdac.ca/convention/ programming/aboriginal-program MONDAY, MARCH 4 9:00 am - 11:30 am THE MINERAL INDUSTRY AND INDIGENOUS COMMUNITIES: CANADIAN AND INTERNATIONAL EXPERIENCES

Canada’s capital markets play a critical role in supporting the financing of mineral exploration in Canada and around the world. PDAC’s Capital Markets Program is intended to create a forum for learning and dialogue on a range of topics related to the financing of mineral exploration.

For more information, visit www.pdac.ca/convention/programming/capital-markets-program 11:45 am – 12:30 pm

MONDAY, MARCH 4

FLOW-THROUGH FINANCING: PRACTICAL TIPS FOR THE DEAL AND BEYOND

9:15 am – 10:00 am OPENING REMARKS AND PDAC STATE OF MINERAL FINANCE OUTLOOK

3:30 pm – 4:30 pm 11:30 am – 12:30 pm

METAL STREAMS AND ROYALTIES: FUNDING PROJECTS AND REPAYING DEBT

THE VALUE OF HUMAN CAPITAL

WEDNESDAY, MARCH 6

TUESDAY, MARCH 5

M&A AND CONSOLIDATION IN THE MINERAL INDUSTRY

THE ABORIGINAL FORUM

10:30 am – 11:30 am

10:45 am – 12:00 pm

DOLLARS & SENSE: PORTFOLIO MANAGER INSIGHTS

CAPITALIZING ON THE BOOM AND BUST CYCLE

4:30 pm - 5:30 pm

2:00 pm - 4:30 pm

9:00 am - 12:00 pm

Selected from a call for abstracts, these technical, policy and academic presentations offer insights into current and topical subjects. For a complete schedule, visit www.pdac.ca/convention/ explorationinsights

FRANCO-MINE

REACHING THE ‘NEXT GENERATION’ INVESTOR

FINANCING THE MINERAL INDUSTRY: INVESTMENT BANKER PERSPECTIVES

TUESDAY, MARCH 5

TUESDAY, MARCH 5

ELECTRIFICATION REVOLUTION: EVS, ENERGY STORAGE AND COMMODITY INPUTS

10:15 am – 11:15 am

9:00 am – 10:15 am

Sponsored by Fasken

Sponsored by IBK Capital Corp.

2:00 pm – 3:00 pm

9:00 am – 10:15 am

ABORIGINAL FORUM RECEPTION

EXPLORATION INSIGHTS

CAPITAL MARKETS PROGRAM

CORPORATE PRESENTATION FORUM FOR INVESTORS Sponsored by Endeavour Financial Hear exploration and development companies present up-to-the-minute information on their current activities and investment potential. For more information, visit www.pdac.ca/convention/corporatepresentationforum

SUNDAY, MARCH 3 2:30 pm – 5:00 pm Event is in French only.

Cette rencontre prestigieuse menée entièrement en français et à laquelle participent de nombreux décideurs de l’industrie comprend des présentations et une discussion entre des chefs de délégation provenant de certains pays francophones de l’Afrique. À titre d’événement exclusivement francophone ayant lieu pendant la conférence de l’ACPE de 2019, Franco-Mine procure une excellente plate-forme pour découvrir de nouvelles occasions dans ces pays.

En collaboration avec: L’Association canadienne des prospecteurs et entrepreneurs (PDAC), Gouvernement du Canada et McCarthy Tétrault.

For more information, visit www.pdac.ca/ convention/programming/franco-mine

ABORIGINAL LAW, INDIGENOUS FRAMEWORKS AND REGULATORY REGIMES: NAVIGATING NEW DEVELOPMENTS 2:00 pm - 4:30 pm KEY ISSUES IN COMPANYCOMMUNITY ENGAGEMENT AND ABORIGINAL PARTICIPATION IN THE MINERAL INDUSTRY 6:00 pm - 10:00 pm SKOOKUM JIM AWARD PRESENTATION: AWARDS GALA & AFTER PARTY

Thanks to the generosity of our proud sponsors IAMGOLD, Yamana Gold, Orefinders and Anaconda Mining, Young Mining Professionals are pleased to announce the launch of the 2019 scholarships.

For more information on the 2018 winners and how to apply for the 2019 award, please visit

www.youngminingprofessionals.com/scholarships

PDAC 2019.indd 3

2019-01-15 6:12 PM

4 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

GEOSCIENCE DATA FORUM

RECEPTION ROOMS

complex and it will arrive far more quickly than we have experienced in the past.

WEDNESDAY, MARCH 6 2:00 pm – 5:00 pm Data 2.0: Fuel for the next generation of exploration The exploration industry globally is recognizing the exploration business is changing rapidly with technologies such as tube drilling, AI, mineral systems, lab-at-the-rig and drones becoming part of the normal buzz in trade journals and conference talks. What will drive this wave of innovation and sought-after discoveries will be our ability to generate the strategic data needed to feed the exploration processes.

There will be lots more data than in the past, it will be more

This workshop will benchmark where the industry is and where it needs to go in order to have the right data in the right condition to support industries’ changing needs including much faster turn-around times between acquisition to decision making, as well as expanding the ability to share many levels of data with a much broader set of stakeholders. PDAC has a stake in this workshop through its sponsorship and development of the Exploration Assessment Digital Data Format, a proposed Canada-wide standard for the submission of digital assessment results.

For more information, visit www.pdac.ca/convention/ programming/geoscience-data-forum

LETTER WRITER PRESENTATIONS FOR INVESTORS Sponsored by Sprott Inc. and Peter Bojtos Listen to industry commentators present their market research and ideas on how to select good investments in the resource sector. For a schedule of speakers, visit www.pdac.ca/convention/letterwriterpresentations

PDAC ONE ON ONE MEETING PROGRAM Sponsored by Turkish Airlines Inc.

TUESDAY & WEDNESDAY, MARCH 5-6 8:00 am – 5:00 pm (Tuesday) 8:00 am – 12:00 pm (Wednesday)

Once again, PDAC has partnered with Precious Metals Summit Conferences, LLC to offer professionally organized one on one meeting services to bring qualified investors together with senior management. This exclusive program is available only to a select group of PDAC 2019 Investors Exchange Exhibitors, and carefully screened, qualified investors and portfolio managers from around the world. Advance registration is required. For more information, visit www.precioussummit.com/event/2019-pdac-one-on-onemeeting-program/

PRESENTATION ROOMS

• Argentina, Government of • Atlantic Canada Mining Alliance • Australia Minerals • Battery Mineral Resources Limited • BMC Minerals • Canada Eurasia Russia Business Association (CERBA)

•

Alberta, Government of

•

Bolivia, Ministry of Mining and Metallurgy of the Plurinational State of

•

EIT RawMaterials

•

CSL Group, The

•

Fomicruz

FRIDAY, MARCH 1 8:30 am – 4:30 pm HEALTH AND SAFETY IN MINERAL EXPLORATION

8:30 am – 5:00 pm MINING FINANCIAL MODELING

8:30 am – 6:00 pm

• Colombia, Government of and National Mining Industry

• M ongolia, Ministry of Mining and Heavy Industry

GEOPHYSICAL AND GEOCHEMICAL IMAGING OF THE CONTINENTAL UPPER MANTLE FOR MINERAL SYSTEMS REGIONAL TARGETING

• Ecuador, Government of the Republic of

• Montt Group

ORGANIZER: Complete MT Solutions

• Chile, Trade Commission of, and the Ministry of Mining of Chile

• McCarthy Tétrault • McKinsey & Company

• EIT RawMaterials, Partners of

• N orthwest Territories, Government of the

• Canada, Government of

• ERM

• South African Government, The

• Canada-Peru Chamber of Commerce

• E uromax Resources Ltd. and Mundoro Capital Inc.

• S uriname, Ministry of Natural Resources

• Canadian German Chamber of Industry and Commerce & German Mineral Resources Agency (DERA) at the Federal Institute for Geosciences and Natural Resources (BGR)

• European Union

• Turkey, Republic of

FRIDAY, MARCH 1 AND SATURDAY, MARCH 2 8:30 am – 4:30 pm CONCEPTS AND APPLICATION OF MACHINE LEARNING TO MINING GEOSCIENCE: A PRACTICAL COURSE

• G reenland, Government of and Greenland Business Association • India, Government of, Ministry of Mines

ORGANIZER: Mira Geoscience

8:30 am – 5:30 pm

DU

RI AT VIS NG B IT RO OOT US UN H 2 D 16 UP 20 1

APPLIED STRUCTURAL GEOLOGY OF GOLD AND BASE METAL BEARING HYDROTHERMAL MINERALIZING SYSTEMS ORGANIZER: Society of Economic

9!

Geologists (SEG)

SATURDAY, MARCH 2 8:30 am – 5:00 pm

FIT-FOR-PURPOSE SOLUTIONS Our fit-for-purpose solutions encompass the skills of qualified geologists, geostaticians, chemists, mineralogists, metallurgists and mining engineers brought together to provide accurate and timely mineral evaluation and consulting services across the entire mining life cycle.

SGS IS THE WORLD’S LEADING INSPECTION, VERIFICATION, TESTING AND CERTIFICATION COMPANY

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

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ongolia, Ministry of Mining and M Heavy Industry

•

Norton Rose Fulbright

•

S uriname, Ministry of Natural Resources

•

T hompson Investment Partners, part of Raymond James Ltd.

•

Whittle Consulting

Need professional development hours to maintain your professional designation? PDAC will provide a certificate of completion for Short Courses to help you meet your professional development requirements. The Association of Professional Geoscientists of Ontario (APGO) considers participation by its members in these courses as an acceptable Continuing Professional Development activity. This program may be eligible toward the Law Society of Upper Canada’s CPD Requirement as Substantive Hours. Please note that this program is not accredited for Professionalism Hours. For more information and to register, visit www.pdac.ca/convention/programming/short-courses

• Invest Barbados • I reland, Geological Survey and Enterprise Ireland

•

SHORT COURSES

ORGANIZER: The Marquee Group

CONFIRMED FOR 2019 (AS OF JANUARY 10, 2019) • C anadian Northern Economic Development Agency (CanNor), Northern Projects Management Office (NPMO)

CONFIRMED FOR 2019 (AS OF JANUARY 10, 2019)

ORGANIZER: Bill Mercer, Avalon Advanced Materials Inc.

Attend a Presentation Room to interact with countries and companies as they provide up-to-date information on their mining jurisdictions, products and services. For room descriptions and registration requirements, visit www.pdac.ca/convention/presentationandreceptionrooms • Agency for Technological Development of the Brazilian Mining Industry (ADIMB)

For room descriptions and registration requirements, visit www.pdac.ca/convention/presentationandreceptionrooms

THE ART AND SCIENCE OF EFFECTIVE COMMUNITY ENGAGEMENT ORGANIZER: Ian Thomson, Shinglespit

Consultants Inc.

9:00 am – 5:00 pm GEOLOGY, GENESIS, AND EXPLORATION FOR MAGMATIC AND MAGMATICHYDROTHERMAL ORE DEPOSITS ORGANIZER: Laurentian University, Mineral Exploration Research Centre (MERC)

SATURDAY, MARCH 2 AND SUNDAY, MARCH 3 9:00 am – 4:00 pm (Saturday) 8:00 am – 12:00 pm (Sunday) FUNDAMENTOS DE ESTIMACIÓN DE RECURSOS MINERALES (Instruction in Spanish only) ORGANIZER: RPA

SUNDAY, MARCH 3 8:00 am – 12:00 pm DISCLOSURE DOS AND DON’TS: AVOIDING THE FATAL FLAWS IN YOUR PUBLIC REPORTING ORGANIZER: Ontario Securities Commission

8:30 am – 12:30 pm REPORTING AND BENCHMARKING RESOURCE PROJECTS: FROM EXPLORATION THROUGH TO DEVELOPMENT ORGANIZER: SRK Consulting (Australasia)

9:00 am – 12:30 pm RECOGNIZING THE IMPACT OF POLITICAL RISK ON MINING OPERATIONS, CORPORATE STRATEGY AND INVESTMENT DECISION-MAKING ORGANIZER: SCM Decisions

WEDNESDAY, MARCH 6 9:00 am – 12:30 pm HOLISTIC EXPLORATION IN COVERED TERRANES: AN EXAMPLE APPLIED TO THE CUMO PORPHYRY PROSPECTIVITY OF QUESNEL, EASTERN BRITISH COLUMBIA ORGANIZER: Laurentian University

9:00 am – 5:00 pm SPECTRAL GEOLOGY: FUNDAMENTALS, RECENT ADVANCES AND CASE HISTORIES ORGANIZER: Spectral Geology and Remote Sensing Consulting

2019-01-15 6:12 PM

5 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

STUDENT & EARLY CAREER PROGRAM For more information, visit www.pdac.ca/convention/ programming/Student-Early-Career-Program CONVENTION TRAVEL FUNDING The PDAC has established a travel fund to help student groups cover some of the costs associated with travelling to Toronto to attend the convention. Funding is allocated on a first-come, first-served basis and available to PDAC student members in good standing. The application is available at www.pdac.ca/students/ pdac-convention-2019

VOLUNTEER OPPORTUNITIES Save money and network with industry professionals while at the convention! Volunteer your time in exchange for a complimentary Student All Access Pass, a ticket to the Student-Industry Networking Luncheon, a gift card, food vouchers and more. Sign up today at www. pdac.ca/convention/volunteers

RESUME REVIEW Sign up onsite at the Student Hub for a consultation with a geoscience professional who will review your resumé and discuss personalized networking techniques. Students are encouraged to bring a copy of their resumé to the session. Sessions will run from March 3-6.

PDAC-CIM TORONTO BRANCH GUIDED TOURS Meet some of the 1,100+ companies that exhibit in the Trade Show and Investors Exchange by taking a guided tour of the exhibits. Each tour stop will allow you to learn about the focus of the organization’s projects and potential career opportunities.

SUNDAY, MARCH 3 9:30 am – 11:30 am IMPRESS FOR SUCCESS Impress for success is a user-friendly road map and guide to help students and graduates effectively navigate their way around the convention.

Attendees will learn techniques to effectively and confidently market themselves as unique difference makers at networking opportunities throughout the conference.

2:00 pm – 4:00 pm FLASH MENTORING Flash Mentoring is a one-time meeting and discussion with industry mentors.

This event is open to final year undergraduate students. graduate students and recent graduates.

MONDAY, MARCH 4 2:00 pm – 4:00 pm DEAL OR NO DEAL: THE ART AND SCIENCE OF PROJECT STRATEGY An interactive exercise targeted towards students and early career professionals, who are interested in how strategic decisions are made to advance an exploration project.

TUESDAY, MARCH 5 11:30 am – 1:30 pm STUDENT-INDUSTRY NETWORKING LUNCHEON This reception-style buffet luncheon provides an opportunity for students and early career professionals to connect with industry professionals in a relaxed environment. The winners of the Mary-Claire Ward Geoscience Award and the Joan Bath and Peter Howe Bursary for Advancement in the Mineral Industry will be announced, as well as the selected 2019 StudentIndustry Mineral Exploration Workshop (S-IMEW) participants.

Proof of student membership is required to claim the award. RSVP when you register for convention.

10:00 am – 6:00 pm PDAC-SEG STUDENT MINERALS COLLOQUIUM (NEW LOCATION) PDAC is pleased to partner with the Mineral Exploration Research Centre, the Goodman School of Mines, the Metal Earth, and the Society of Economic Geologists Canada Foundation in sponsoring the 10th Annual Student Minerals Colloquium.

This event is hosted by the SEG Student Chapters at Laurentian University and the Ottawa-Carleton Geoscience Centre. One hundred poster presentations, highlighting current research on mineral deposits and related studies by students from across North America, will be featured.

Financier, client, & mine site each on different continents?

We’re your common ground. .com

>1400 professionals • >45 offces • 20 countries • 6 continents

PDAC 2019.indd 5

2019-01-15 6:12 PM

6 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

SUSTAINABILITY PROGRAM The Sustainability Program (formerly known as the Corporate Social Responsibility Program or CSR Event Series) aims to facilitate multistakeholder dialogue and peer-learning on key issues related to responsible exploration and mining.

For more information, visit www.pdac.ca/convention/ programming/sustainability-program SUNDAY, MARCH 3

WEDNESDAY, MARCH 6

8:30 am – 9:50 am

8:30 am – 9:20 am

BIODIVERSITY AND THE FUTURE OF THE MINING INDUSTRY

ZOMBIE TRANSPARENCY: BREAKING THE NATURAL RESOURCE CURSE THROUGH DATA INNOVATION

ORGANIZER: UN Environment World Conservation Monitoring Centre

10:00 am – 10:50 am SMALL MODULAR REACTORS: POWERING THE FUTURE OF MINING ORGANIZER: Natural Resources Canada

ORGANIZER: International Finance Corporation

9:30 am – 10:30 am DESIGNING SUSTAINABLE PROSPERITY ORGANIZER: Hatch

11:00 am – 12:00 pm MINING AND CLIMATE CHANGE: EXPLORING DRIVERS, TRADE-OFFS, AND SPECIFIC TOOLS FOR UNDERSTANDING CLIMATE CHANGE RISKS AND OPPORTUNITIES ORGANIZER: Yamana Gold Inc.

1:30 pm – 2:50 pm WHAT IS THE NEXT LEVEL FOR BUSINESS AND GOVERNMENT IN PROMOTING RESPONSIBLE ENTERPRISE? THE ROLE OF THE CANADIAN OMBUDSPERSON FOR RESPONSIBLE ENTERPRISE (CORE) ORGANIZER: International Commission of Jurists Canada

3:00 pm – 4:00 pm GUIDANCE ON DEVELOPING SOUND SECURITY MANAGEMENT PLANS TO IMPLEMENT INTERNATIONAL SECURITY STANDARDS AND THE VOLUNTARY PRINCIPLES ORGANIZER: Mining Security Working

Group

TUESDAY, MARCH 5 8:30 am – 9:50 am SOCIAL LICENCE: A DATADRIVEN STRATEGY ORGANIZER: CSIRO Reflexivity

10:40 am – 12:30 pm SUSTAINABILITY SPOTLIGHT HISTORIC MINING ACTIVITIES: THEIR IMPACT ON THE BC LANDSCAPE AND HOW TO “FIX” THEM ORGANIZER: Margaux Resource Ltd.

IRS CAAT: CHALLENGING CONVENTIONAL HEALTH AND SAFETY APPROACHES ORGANIZER: Workplace Safety North

DIALOGUE AND PARTICIPATION APPROACH FOR SUSTAINABLE AND INCLUSIVE TERRITORIAL GOVERNANCE OF A MINING REGION ORGANIZER: Lundin Gold Inc.

HOW CAN EARLY WARNING TOOLS HELP REDUCE COSTS OF CONFLICT? ORGANIZER: Above Ground Risk

Solutions (AG-RS)

GOLDCORP’S BORDEN GOLD ‘MINE OF THE FUTURE’

AM Sessions sponsored by Agnico Eagle Mines Limited SUNDAY, MARCH 3 1:00 pm – 5:00 pm COMMODITIES: METALS AND INDUSTRY OUTLOOK Sponsored by MUFG, PearTree Canada, RBC Capital Markets, Scotiabank and China Construction Bank CHAIRS: Terence Ortslan, TSO & Associates, Montreal & Mark Selby, RNC Minerals, Toronto, Canada

1:00 pm - 4:00 pm EXPLORATION UNDERCOVER CHAIRS: Neil Gow, Independent,

Burlington, Canada & Jean des Rivières, BHP Exploration, Santiago, Chile

ORGANIZER: Goldcorp Inc.

LESSONS LEARNED: TRANSFORMING COMPANYCOMMUNITY RELATIONS THROUGH TECHNOLOGY AND INNOVATION ORGANIZER: Ulula

EFFICIENT, COST-EFFECTIVE WATER TREATMENT, SLUDGE REMOVAL, RECYCLING AND LOGISTICS

10:00 am – 10:50 am

ORGANIZER: Auric Systems LLC.

ANTI-CORRUPTION COMPLIANCE: THE NEW COMPETITIVE ADVANTAGE

USING CUTTING EDGE TECHNOLOGIES TO ENSURE SUSTAINABLE COMMUNITY RELATIONS IN NUNAVUT

ORGANIZER: Canadian Centre of Excellence for Anti-Corruption (CCEAC)

TECHNICAL PROGRAM 2:00 pm – 4:30 pm

DIAMOND EXPLORATION AND MINING: OPTIMIZING OUTCOMES THROUGH INCREASED UNDERSTANDING OF TECHNOLOGY

GEOMETALLURGY

CHAIRS: Patricia Sheahan, Consultant, Toronto & Jennifer Pell, Independent Consultant, Vancouver, Canada

2:00 pm – 5:30 pm MINING VALUATION: INTERNATIONAL CONVERGENCE & MARKET VIEWPOINTS CHAIRS: Keith Spence, Global Mining Capital Corp. & William Roscoe, RPA Inc., Toronto, Canada

2:00 pm – 4:30 pm

FINANCIAL REPORTING AND TAXATION: HOT TOPICS FOR THE MINING INDUSTRY

CHAIRS: Joe Hinzer, Watts, Griffis and McOuat Limited & Catherine White, IBK Capital Corp., Toronto, Canada

CHAIRS: Ben-Schoeman Geldenhuys, Deloitte LLP, Toronto & Julie Robertson, Barrick Gold Corporation, Vancouver, Canada

2:00 pm – 4:30 pm TECHNOLOGY METALS CHAIRS: Don Bubar, Avalon Advanced

1:00 pm – 4:00 pm NEW EXPLORATION TECHNOLOGIES CHAIRS: Reno Pressacco, RPA Inc & Antoine Caté, SRK Consulting (Canada) Inc., Toronto, Canada

ORGANIZERS: Boréalis

9:35 am – 11:35 am

DATA DISCLOSURE AND RESPONSIBLE MINING: LEADING PRACTICES & LEARNINGS FROM THE RESPONSIBLE MINING INDEX

KEYNOTE SESSION: THE NEXT GENERATION CHAIRS: James Siddorn, SRK Consulting (Canada) Inc. & James Lusby, PricewaterhoouseCoopers LLP, Toronto, Canada

Materials Inc. & Don Hains, Hains Engineering Co. Ltd., Toronto, Canada

TUESDAY, MARCH 5 9:00 am – 11:30 am ADVANCES IN MINERAL SYSTEMS MODELLING OF NI-CUPGE AND GOLD CHAIRS: Mike Villeneuve, Geological Survey of Canada, Ottawa & Valerie Wilson, RPA Inc., Toronto, Canada

9:00 am – 11:30 am WESTERN USA MINERAL DEPOSITS: A RETURN TO KNOWN DISTRICTS CHAIRS: John Morganti, Lucca

1:00 pm – 2:00 pm GENDER DIVERSE AND INCLUSIVE WORKPLACES ORGANIZER: Goldcorp Inc.

PDAC 2019.indd 6

CHAIRS: Charles Beaudry, Consultant, Toronto & Giovanni Di Prisco, Terra Mineralogical Services Inc., Peterborough, Canada

2:00 pm – 5:00 pm GEOPHYSICS

RESPONSIBLY SOURCED MINERALS

11:00 am – 12:00 pm

Foundation

2:00 pm – 5:00 pm

1:00 pm – 4:00 pm

MONDAY, MARCH 4

ORGANIZER: Responsible Mining

PM Sessions sponsored by Roscoe Postle Associates Inc.

Advisors Inc., Vancouver & Ted Reeve, Haliburton Mineral Services Inc., Toronto, Canada

CHAIRS: Robert Hearst, Southern

Geoscience Consultants & Brian Bengert, B-Field Geophysics, Toronto, Canada

2:00 pm – 4:30 pm NEW DESTINATIONS IN MINERAL EXPLORATION CHAIRS: Mark Fellows, Skarn Associates, Worcester & Howard Bills, Toro Gold, London, England

WEDNESDAY, MARCH 6 9:00 am – 11:30 am BUILDING THE MINE WE WANT TO SEE: ADVANCING FEASIBILITY TO CONSTRUCTION CHAIRS: Jim Chan, ERM & Aleksandr Mitrofanov, SRK Consulting (Canada) Inc., Toronto, Canada

9:00 am – 11:30 am COARSE GOLD: THE GOOD, THE BAD, AND THE RISKY CHAIRS: David Ross and Valerie Wilson, RPA Inc., Toronto, Canada

9:00 am – 11:30 am NEW DISCOVERIES AND DEVELOPMENTS CHAIRS: Charles Beaudry, Consultant & Bill Mercer, Avalon Advanced Materials Inc., Toronto, Canada

9:00 am – 11:30 am SEAFLOOR MINING CHAIRS: Robert Hearst, Southern

Geoscience Consultants, Toronto, Canada & Stephen Hallinan, CGGMultiphysics, Milan, Italy

2019-01-15 6:12 PM

7 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

NETWORKING EVENTS To register for the convention and/or to purchase tickets visit www.pdac.ca/convention

SUNDAY, MARCH 3

TUESDAY, MARCH 5

10:30 am – 11:30 am

11:30 am – 1:30 pm

OPENING CEREMONIES

STUDENT-INDUSTRY NETWORKING LUNCHEON

Join Glenn Mullan, PDAC President; The Honourable Amarjeet Sohi, Minister of Natural Resources; Ed Sackaney, Knowledge and Wisdom Keeper and other special guests as we mark the official opening of the 2019 Convention.

This reception-style buffet luncheon provides an opportunity for students and early career professionals to connect with industry professionals in a relaxed environment. The winners of the Mary-Claire Ward Geoscience Award and the Joan Bath and Peter Howe Bursary for Advancement in the Mineral Industry will be announced, as well as the selected 2019 Student-Industry Mineral Exploration Workshop (S-IMEW) participants. There will be a draw for the annual tuition top-up awards. Proof of student membership is required to claim the award.

3:00 pm – 5:00 pm PDAC NEW MEMBERS NETWORKING RECEPTION PDAC is delighted to host an event exclusively for new members! Over 1,500 industry professionals are invited to network with PDAC Directors and fellow members from around the world. This is an opportunity to meet with your peers, make valuable connections and discuss key issues central to the mineral industry. New members who RSVP will receive a complimentary drink ticket with their pass.

Cash bar available.

Not a PDAC member? Join now at www.pdac.ca/ members/membership

4:00 pm – 6:00 pm OPENING DAY RECEPTION Sponsored by MUFG, PearTree Canada, RBC Capital Markets, Scotiabank and China Construction Bank PDAC welcomes you to the largest networking event at the convention. Enjoy appetizers and a complimentary drink as you connect with attendees, exhibitors and colleagues. All Access Pass holders receive a complimentary drink ticket with their pass. Cash bars available.

MONDAY, MARCH 4 12:00 pm – 2:00 pm MINERAL OUTLOOK LUNCHEON Sponsored by OceanaGold Corporation and The Lind Partners Is the mining industry investing enough or are metal shortages inevitable?

Mining investment peaked in 2012 at $220 billion USD, then fell rapidly to a low of just $100 billion USD by 2016. Since then, the sector has taken positive steps toward recovery in the midst of ever-growing challenges. So what lies ahead?

Join us as Julian Kettle discusses the possibility of metal shortages due to lack of investment in the mining Julian Kettle, Vice Chairman industry. Mr. Kettle has 30 years of Metals and Mining, Wood of experience in the analysis Mackenzie, Guildford, UK of metals and mining and is a recognized authority on the aluminium industry across the value chain from bauxite mining through to end-use analysis. He frequently presents to senior industry and financial community stakeholders on Wood Mackenzie’s analysis across the value chain of the metals and mining space covering copper, lead, nickel, zinc, iron ore, aluminium, steel and coal.

His typical consulting assignments include: market environment assessment, expert witness, raw materials sourcing, contract pricing, portfolio optimization and strategic advisory relating to brownfield and greenfield investments. Mr. Kettle holds a degree in metallurgy and micro-structural engineering.

Ticket: $89.99 (includes a three-course meal, tax & gratuity)

3:00 pm – 5:00 pm TRADE SHOW RECEPTION Sponsored by Endeavour Financial Enjoy a glass of wine or beer as you network with Trade Show North exhibitors and attendees from international and domestic companies, including organizations promoting technology, products, services and mining jurisdictions. All Access Pass holders and Exhibits Day Pass holders receive a complimentary drink ticket with their pass. Cash bars available.

PDAC 2019.indd 7

RSVP when you register for convention.

4:00 pm – 6:30 pm MINING FOR DIVERSITY RECEPTION This event celebrates diversity and inclusion. Join women and men from the mining industry for the opportunity to network and hear from the inspiring awards recipients.

Awards will be presented to individuals who have been instrumental in enabling the increase of a diverse workforce and an inclusive workplace within the mining industry.

These include the Trailblazer Awards (woman and student); Trailblazer Indigenous Awards (woman and student); and Rick Hutson Memorial Award for mentoring. This event is coordinated by Women in Mining Canada in partnership with PDAC, with generous support from Royal Bank of Canada and various diversity and inclusion organizations.

For more information, visit www.wimcanada.org.

5:30 pm – 11:00 pm AWARDS GALA & AFTER PARTY Fairmont Royal York Hotel, Concert Hall Sponsored by: Awards Gala: Franco-Nevada Corporation Dinner Wine: CIBC Reception & After Party: Nexa Resources S.A.

MINING MATTERS HOCKEY TOURNAMENT SATURDAY, MARCH 2 8:00 am – 5:00 pm Scotiabank Pond, Downsview Park, Toronto Mining Matters invites members of the minerals industry to face off at the annual Mining Matters Hockey Tournament as we celebrate 25 years of supporting teachers with classroom resources and training in mineral resources education. Be a sponsor or enter a team that will hit the ice to compete for the coveted Caracle Cup! For further information contact 416-863-6463 ext. 321 or tournaments@miningmatters.ca

MINING MATTERS VOLUNTEER TRAINING WORKSHOP SUNDAY, MARCH 3 9:00 am – 10:30 am Interested in sharing your knowledge and expertise with students? Minerals industry professionals frequently volunteer as guest speakers to educate young minds and share their love of what they do. Presentations delivered by industry experts, geoscientists-in-training and post-secondary students enhance the classroom experience.

Let us set you up for success! Mining Matters is offering a free 90-minute volunteer training workshop during the PDAC Convention complete with a presentation kit containing colourful posters, activities, and samples of rocks and minerals that match to everyday products. The workshop provides a presentation outline, tips for discussing your own experiences and how to deliver an effective and enthusiastic presentation to stimulate curiosity and foster a positive attitude towards the industry. If you want to inspire the next generation of geoscientists, this is the perfect opportunity.

The PDAC Awards Gala celebrates industry excellence and brings together the who’s who of the global mining industry. This is THE event where individuals and companies are acknowledged for their outstanding achievement and contributions to the Canadian mineral industry. Mix and mingle with C-level executives, financiers, brokers and mining developers at the glittering cocktail reception, followed by a three-course gourmet dinner and fine wines.

The workshop is free. Continental breakfast provided. Registration is required

by February 21, 2019.

Then… it’s on to the AFTER PARTY!

IDAHO GOLD PROPERTY

This is your opportunity to rub shoulders with the 2019 Award Recipients, brokers, financiers and developers.

Enjoy two complimentary drink tickets, dance and enjoy a great party atmosphere—the perfect backdrop for unlimited networking! Get your tickets early! This event SOLD OUT in 2018.

Ticket: $149.99 | Table of 10: $1,499.90 (includes tax & gratuity) Dress: Business Attire, Black Tie Optional

WEDNESDAY, MARCH 6 8:00 pm – 12:00 am

For more information, contact www.miningmatters.ca or info@miningmatters.ca

• 260,000 oz. open-pit gold resource estimate • “Ore grade” drill hole intercepts • Mineral area 2.5 X +1.0 miles in size • Summary and NI 43-101 reports • BLM land, Drill Permit in place

GRAND FINALE Fairmont Royal York Hotel, Concert Hall Sponsored by Nexa Resources S.A. After four exhilarating days at the world’s premier mineral exploration and mining convention, it’s time to PARTY! Come and enjoy this must-attend FREE event! Network and schmooze with the world's mining community while the Dave Murphy Band lights up the room with your favourite chart-topping tunes. Get your two FREE drink tickets at the door, grab a bite to eat and dance, dance, dance!

VANADIUM PROPERTIES • NEVADA SHALE – hosted, large resource potential, BLM claims summary report • UTAH SANDSTONE – hosted, surface mines and prospects, BLM claims, summary report

CONTACTS

KAL MAHLI kal@bullruncapital.ca JAY GATTEN gatten@nae-exploration.com PH: 801-544-3421

2019-01-15 6:12 PM

HIGHLIGHTS March 3 – 6

Metro Toronto Convention Centre | Toronto, Canada

Register at pdac.ca/convention

25,000 CONNECT WITH

ATTENDEES FROM

135

BUILD YOUR

NETWORK

AT THESE EVENTS

> Including investors, financiers, banking executives, fund managers, brokers, analysts, lawyers, mining developers, exploration managers, prospectors, geoscientists, government officials, media and more!

COUNTRIES

SOLD

OUT

IN 201 8

BUY YOUR TICKETS EARLY MINERAL OUTLOOK LUNCHEON | MONDAY, MARCH 4 Is the mining industry investing enough or are metal shortages inevitable?

Join us as Julian Kettle, Vice Chairman of Metals and Mining, Wood Mackenzie discusses the possibility of metal shortages due to lack of investment in the mining industry.

OTHER NETWORKING EVENTS Sunday, March 3

Opening Day Reception

Monday, March 4

Trade Show Reception

Tuesday, March 5

Mining for Diversity Reception

Tuesday, March 5

Student-Industry Networking Luncheon

Wednesday, March 6 Grand Finale

PDAC 2019.indd 8

AWARDS GALA & AFTER PARTY TUESDAY, MARCH 5

The PDAC Awards Gala celebrates industry excellence and brings together the who’s who of the global mining industry. Network at the exclusive cocktail reception followed by a three-course gourmet dinner and fine wines.

Then… it’s on to the AFTER PARTY! Your opportunity to meet and mingle with the Award recipients, C-level executives, financiers, brokers and mining developers.

2019-01-15 6:12 PM

550+

ENGAGING PRESENTATIONS AND INFORMATIVE COURSES

LED BY INDUSTRY EXPERTS

• • • • • • • • • •

Aboriginal Program Capital Markets Program Exploration Insights Franco-Mine (In French only) Geoscience Data Forum Presentation & Reception Rooms Short Courses Student & Early Career Program Sustainability Program Technical Program

KEYNOTE 2019: THE NEXT GENERATION MONDAY, MARCH 4

Many companies are concerned with the aging workforce in the mining industry, along with the need to increase gender diversification.

Keynote 2019 will focus on people under 40. This includes a young executive from each of the operating and financing sides of the industry to provide their views of the current issues they are facing and future trends for our industry. In addition, as a new approach for Keynote 2019, we will have a group presentation from a diverse team of prize winning university students who will share their perspectives on the future of exploration and mining.

Profound innovation fuelled by collaboration

VALUABLE INVESTING

INSIGHT

FROM INDUSTRY THOUGHT LEADERS IN THE MINERALS AND MINING SECTOR > Corporate Presentation Forum for Investors The latest updates on key activities and investment potential. > Letter Writer Presentations for Investors Learn how to select profitable investments from key industry newsletter writers.

Where technology, precious metals, jewelry and investment align

Visit over Stephen de Jong Chief Executive Officer VRify

1,100

Roy Sebag Chief Executive Officer Goldmoney Inc.

EXHIBITORS

Panel presentation: Millennials & mining

Romy Done University of Toronto

Char Duffet Carleton University

Lewis Wan British Columbia Institute of Technology

SHORT COURSES Register for in-depth, educational courses led by industry experts.

A certificate of completion is available towards your professional development hour requirements.

NE W

FOR PDAC 2019

PDAC 2019.indd 9

Fundamentos de estimación de recursos minerales (Instruction in Spanish only)

PROMOTING LEADING PRODUCTS, SERVICES, MINING JURISDICTIONS, INVESTMENT AND DEVELOPMENT OPPORTUNITIES • Core Shack • Investors Exchange • Prospectors Tent • Trade Show & Trade Show North

2019-01-15 6:12 PM

10 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

PDAC 2019 AWARDS

Awards Gala sponsored by

Honour outstanding achievements at the prestigious PDAC Awards Gala & After Party where industry leaders in six categories will be recognized for their contributions to the Canadian and international mineral exploration and mining industry. This annual celebration features a glittering reception, threecourse gourmet dinner, fine wines, live music and after party.

TUESDAY, MARCH 5 5:30 pm - 11:00 pm Fairmont Royal York Hotel, Concert Hall Ticket: $149.99 | Table of 10: $1,499.90 (prices include HST) Dress: Business attire, black tie optional

Award recipients are selected by PDAC’s Board of Directors based on recommendations of the association’s Awards Committee.

MEET THE AWARD RECIPIENTS BILL DENNIS AWARD For a Canadian discovery or prospecting success

Peregrine Diamonds Ltd. and BHP, Chidliak Discovery Team For the discovery of the Chidliak diamond district on Baffin Island, Nunavut In 2008, the Peregrine Diamonds and BHP exploration team made the grassroots discovery of the Chidliak Diamond District near Iqaluit on Baffin Island, Nunavut—Canada’s second largest kimberlite district.

Exploration programs and engineering studies completed between 2008 and 2018 led to the discovery of 74 kimberlites, one of which has a 17.96 million carat inferred mineral resource with an average grade of 2.41 carats per tonne, and average diamond value of US$151 per carat. Six other kimberlites also have economic potential.

A 2018 preliminary economic assessment outlined an open pit mine with a 13-year mine life and post-tax NPV of C$668.7 million and IRR of 31.2%. Peregrine was acquired by De Beers Canada in 2018, and anticipation is that Chidliak will become Canada’s next diamond mine.

DISTINGUISHED SERVICE AWARD ENVIRONMENTAL & SOCIAL RESPONSIBILITY AWARD For outstanding contributions to the mineral industry or PDAC Donald (Don) Bubar For his contribution to building awareness of Indigenous issues among PDAC members, his support of geoscience education in Canada, and his exploration success

For outstanding leadership in environmental protection and/or good community relations

NexGen Energy Ltd. For employing the latest technologies to reduce exploration’s environmental footprint and for fostering economic and social development in neighbouring communities through a variety of initiatives

During Don’s 40-year career as a geoscientist he has contributed to successful exploration in Canada, and has been a leading advocate for geoscience education.

But perhaps his most enduring legacy is his role in forging a better, more productive relationship between Indigenous communities and the mineral sector.

As founder, chair and co-chair of PDAC's Aboriginal Affairs Committee, Don recognized the urgent need to bring the two groups together in dialogue.

During his tenure, PDAC saw tremendous growth in participation by self-identified Aboriginal people at the annual PDAC Convention.

NexGen Energy has expanded its pursuit of excellence into the realm of environmental and social responsibility as its Arrow uranium deposit in Saskatchewan, advances towards development and production.

On the environmental front, the company is overhauling dated practices and implementing new technology to minimize its footprint. Extensive studies are characterizing the existing environment to inform future planning, disturbed areas are being revegetated, and plans are underway to install a solar energy pilot project and construct energy efficient buildings.

Don was also instrumental in developing a relationship with the Assembly of First Nations (AFN), which ultimately led to the Memorandum of Understanding between PDAC and AFN, signed March 4, 2008.

NexGen is leading the way in community engagement in northern Saskatchewan by introducing several initiatives designed to improve economic development, health and community well-being. There is also a focus on providing employment opportunities for the surrounding communities with a rapidly increasing number of services and supplies being sourced locally.

SKOOKUM JIM AWARD

THAYER LINDSLEY AWARD

VIOLA R. MACMILLAN AWARD

For Aboriginal achievement in the mineral industry

For an individual or team of explorationists credited with a significant mineral discovery anywhere in the world

For an individual or organization demonstrating leadership in a company or mine development, management or financing

Cardinal Resources Limited, Namdini Gold Project

Nemaska Lithium

Gordon Maxwell For his contribution to Canada’s mineral exploration and mining industry by helping to set the bar for drilling safety and community consultation Gordon is a wellrespected geologist and member of the Sachigo Lake First Nation in Ontario. He served on the Canadian Diamond Drilling Association’s Western Safety group, and on the committee in charge of developing the Drilling Excellence Certification.

For his contribution to health and safety in the field, Gordon received the 2012 David Barr Award from British Columbia’s Association of Mineral Exploration (AME).

Gordon helped to set the bar for industry consultation with communities and Indigenous groups. When Xstrata was planning exploration around the Kidd Creek Mine in northern Ontario in 2008, Gordon engaged in a clear, respectful and honest dialogue with the Wahgoshig First Nation, offering opportunities for community members to participate in the project.

Throughout his domestic and international career, Gordon has demonstrated outstanding technical abilities, professionalism, and a commitment to safe and socially responsible exploration.

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For the 2014 discovery of the Namdini gold deposit in northeastern Ghana

The Nangodi greenstone belt in northeastern Ghana was largely unexplored when Cardinal Resources, led by Archie Koimtsidis, decided to have a look. The Perth-based company optioned the Namdini project within the belt in mid-2014 and immediately launched a small reverse circulation drilling program.

A 2018 preliminary feasibility study indicates probable reserves of 4.76 million ounces of gold in 130 million tonnes grading 1.14 grams per tonne gold, plus another 6.5 million ounces of indicated resources.

The deposit would support an open pit operation producing 361,000 ounces per year for 14 years at an all-in sustaining cost of US$769 per ounce.

Namdini boasts an NPV of US$586 million and IRR of 38%, both after tax.

Today, Namdini is considered one of the most significant gold discoveries in West Africa so far this century.

For demonstrating leadership in transforming a grassroots exploration property into a vertically integrated lithium operation in Québec that will provide a new source of supply for the surging lithium battery market

Nemaska is well underway on construction of a vertically integrated lithium operation, having raised $1.1 billion through a combination of a bond offering ($455 million), a streaming agreement ($195 million), and a $454 million share issue partly taken up by the Québec government.

The Whabouchi property is located in northwestern Québec, about 300 kilometers north of Chibougamau near the Cree community of Nemascau.

The mine is expected to produce 213,000 tonnes of 6.25% Li2O concentrate annually that will be shipped to and processed at an electrochemical plant in Shawinigan to produce high-purity lithium hydroxide and lithium carbonate.

The Whabouchi mine is expected to begin production in the second half of 2019, and the Shawinigan plant will come online a year later.

Based on a 2018 feasibility study, Whabouchi has an after-tax NPV of $2.2 billion and an IRR of 56.0%. Reserves of 37 million tonnes grading 1.4% Li2O will support a mine life of 33 years.

2019-01-15 6:12 PM

11 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

EXHIBITORS As of January 11, 2019 SHOW HOURS

INVESTORS EXCHANGE

Sunday, March 3 – Tuesday, March 5 | 10:00 am – 5:00 pm Wednesday, March 6 | 9:00 am – 12:00 pm

CORE SHACK Sponsored by

Core Shack offers a venue for companies to display their core. Attendees are welcome to get up close and personal with projects that are generating exciting new drilling results. In addition to core, exhibitors will be displaying maps, charts and technical information on their drilling projects.

SESSION A

SESSION B

• A ldebaran Resources Inc., Altar Cu, Au, Ag, Mo project, San Juan, San Juan, Argentina

• Adventus Zinc Corporation, El Domo Cu-Au deposit, Curipamba project, Las Naves, Bolivar & Los Rios Provinces, Ecuador

• Almaden Minerals Ltd., Ixtaca Au-Ag deposit, Apizaco, Pueblo, Mexico

• Anaconda Mining Inc., Goldboro gold project, Goldboro, Nova Scotia, Canada

• Atalaya Riotinto Minera SL, Touro copper • Aurelius Minerals Inc., Mikwam gold project, Touro, Galicia, Spain property, Cochrane, Ontario, Canada • Centerra Gold Inc., Mount Milligan • B2Gold Corp., Fekola North Extension Au-Cu mine, Prince George, British gold discovery, Kéniéba, Kayes, Mali Columbia, Canada • Copper Mountain Mining Corp., New • Chakana Copper Corp., Soledad Cu, Au, Ingerbelle Cu, Au, Ag deposit, Princeton, Ag project, Huaraz, Ancash, Peru British Columbia, Canada • DeepGreen Metals Inc., DeepGreen • Corvus Gold Inc., Mother Lode gold Ni-Co - Cu-Mn seafloor poly-metalic project, Beatty, Nevada, USA nodule project, Eastern Pacific Ocean, • Eldorado Gold Corporation, Bolcana AuInternational Seabed Authority area Cu project, Deva, Transylvania, Romania • Far Resources Ltd., Zoro lithium project, • Foran Mining Corporation, McIlvenna Snow Lake, Manitoba, Canada Bay Cu-Zn VMS deposit, Flin Flon, Manitoba, Canada • Garibaldi Resources Corp., E&L Ni, Cu, Co deposit, Smithers, British Columbia, • Mawson Resources Limited, The Canada Rompas-Rajapalot Au-Co exploration project, Rovaniemi, Lapland, Finland • Gold Resource Corporation, El Aguila Au, Ag, Cu, Pb, Zn project, San Jose de • Murchison Minerals Ltd., BrabantGracia, Oaxaca, Mexico McKenzie Zn, Cu, Ag project, Brabant Lake, Saskatchewan, Canada • Kintavar Exploration Inc., Mitchi Cu-Ag property, Mont Laurier, Quebec, Canada • North American Palladium Ltd., Sunday Lake PGM, Cu, Ni project, Thunder Bay, • Kutcho Copper Corp., The Kucho Cu, Ontario, Canada Zn, Ag, Au project, Dease Lake, British • Osisko Metals Incorporated, Pine Point Columbia, Canada zinc project, Hay River, Northwest • Medgold Resources Corp., Tlamino Au, Territories, Canada Ag, Zn, Pb project, Bosilegrad, Berbia • Premier Gold Mines Ltd., Mercedes AuPckinja, Serbia Ag mine, Cucurpe, Sonora, Mexico • Mexican Gold Corp., Las Minas Au, Cu, • Sabina Gold & Silver Corp., Back River Ag project, Perote, Veracruz, Mexico gold project, Kitikmeot Region, Yukon, Canada • Midas Gold Corp., Stibnite Au, Ag, Sb project, Stibnite, Idaho, USA • Skeena Resources Limited, Snip and • Orla Mining Ltd., Caballito Cu-Au zone, Cerro Quema project, Los Santos Province, Panama • Pasinex Resources Limited, Spur zinc project, Elko, Nevada, USA

Eskay Creek Au-Ag projects, Golden Triangle, British Columbia, Canada

• Stratabound Minerals Corp., Golden Culvert gold project, Whitehorse, Yukon, Canada

• SolGold, Alpala Cu- Au project, Quito, Imbabura, Ecuador

• Sun Metals Corp., Stardust Cu, Au, Ag, Zn project, Fort St. James, British Columbia, Canada

• Teck Resources Limited, San Nicols Cu, Zn, Au, Ag VHMS deposit, Zacatecas, Zacatecas, Mexico

• Teranga Gold Corporation, Golden Hill gold property, Hounde, Burkina Faso, Africa

• Xanadu Mines Ltd., Kharmagtai Au-Cu project, Omnogovi, Southern Gobi, Mongolia

• Wesdome Gold Mines Ltd., Kiena deep gold complex, Val-d`Or, Quebec, Canada

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• Wolfden Resources Corporation, Pickett Mountain Zn, Cu, Pb, Au, Ag deposit, Patten, Maine, USA

Sponsored by

Interested in investing in the exploration industry? Discuss investment potential with over 500 junior mining companies, mid-sized producers, major mining companies, financial institutions and prospectors.

Abitibi Royalties Inc. Adamera Minerals Corp.

Advanced Potash Technologies Advantage Lithium Corp.

Adventus Zinc Corporation Aeris Resources Limited Aethon Minerals Corporation African Lion Resources Inc. Agnico Eagle Mines Limited Alacer Gold Corp.

Alamos Gold Inc. Albert Mining Inc. Aldebaran Resources Inc. Alexandria Minerals Corporation Alexco Resource Corp.

Alicanto Mining Corp.

Almaden Minerals Ltd. Altamira Gold Altius Minerals Corp.

Alto Ventures Ltd. ALX Uranium Corp.

Amarillo Gold Corp.

American Creek Resources Ltd. Amerigo Resources Ltd. Anaconda Mining Inc. Anglo American Exploration (Canada) Ltd Aquila Resources Inc. Arctic Star Exploration Corp.

Argo Gold Argonaut Gold Inc. Artisanal Gold Council Asante Gold Corporation Ascendant Resources Inc. Ascot Resources Ltd. Ashanti Gold Corp.

Aston Bay Holdings Ltd. ATAC Resources Ltd. Atlantic Gold Corporation Aurania Resources Ltd. Aurora Minerals Group LLP AURYN Mining Corp.

Auryn Resources Inc. Avalon Advanced Materials Inc. Avidian Gold Corp.

Avino Silver & Gold Mines Ltd. AVZ Minerals Awale Resources Ltd. Azimut Exploration Inc. Azumah Resources Limited Azure Minerals Limited B2Gold Corp.

Balmoral Resources Ltd. Banyan Gold Corp.

Barrick Gold Corporation Batero Gold Corp.

BeMetals Corp.

Benton Resources Inc. BHP Billiton BlackRock Gold Corp.

Blind Creek Resources Ltd. BlueBird Battery Metals Bonterra Resources Inc. Brixton Metals Corporation Buchans Resources Ltd. Bunker Hill Mining Corp.

BWR Exploration Inc. Cabral Gold Ltd. Callinex Mines Inc. Canadian Securities Exchange Canadian Zinc Corporation CanAlaska Uranium Ltd. Candente Copper Corp.

Canstar Resources Inc. Canyon Copper Corp.

Cardero Resource Corp.

Cardinal Resources Ltd.

Carube Copper Corp.

Cassini Resources Limited Centenera Mining Corporation Centerra Gold Inc. Centurion Minerals Ltd. Century Global Commodities Corporation Cerro de Pasco Resources Inc. Champion Bear Resources Ltd. Chatham Rock Phosphate Limited Chesapeake Gold Corporation Chilean Metals Inc. China Gold International Resources Corp.

Ltd. Clean TeQ Holdings Limited Cobalt Power Group Inc. Commander Resources Ltd. Commerce Resources Corp.

Condor Gold Plc Conroy Gold and Natural Resources plc Constantine Metal Resources Ltd. Continental Gold Inc. Copper Fox Metals Inc. Copper Mountain Mining Corporation Copperzone Resources Limited Core Gold Inc. Cornerstone Capital Resources Inc. Coro Mining Corp.

Corvus Gold Inc. Critical Elements Corporation Crown Mining Corporation Dark Horse Resources Ltd. Dateline Resources Limited Defiance Silver Corp.

Delrey Metals Corp.

Denison Mines Corp.

Desert Mountain Energy Corp.

Detour Gold Corporation Diamcor Mining Inc. DIOS EXPLORATION INC. Discovery Group Dundee Precious Metals Inc. Dynacor Gold Mines Inc. Dynasty Gold Corp.

Eagle Plains Resources Ltd. Earthmetrix Inc. eCobalt EDM-Empresa de Desenvolvimento Mineiro, SA Eldorado Gold Corporation Eloro Resources Ltd. Ely Gold & Minerals Inc. EMX Royalty Corp.

Endeavour Silver Corp.

Energold Corp.

Energy Fuels Inc. Enforcer Gold Corp.

Engineer Gold Mines Ltd Entrée Resources Ltd. EnviroLeach Technologies Inc.

Erdene Resource Development Corp.

Ero Copper Corp.

Evrim Resources Corp.

Excelsior Mining Corp.

Exiro Minerals Corp.

Explor Resources Inc. Far Resources Fireweed Zinc Ltd. First Cobalt Corp.

First Majestic Silver Corp.

First Mining Gold Corp.

Fission Uranium Corp.

Five Star Diamond Limited Focus Graphite Inc. Fomicruz S.E. Foran Mining Corporation Fortune Minerals Limited Forum Energy Metals Corp.

FPX Nickel Corp.

Frontier Lithium Inc. Galway Metals Inc. Gatling Exploration Inc. Genesis Metals Ltd. Geomega Resources Inc. GFG Resources Inc. GIGA Metals Corporation Globe Trotters Resource Group Inc. Globex Mining Enterprises Inc. GMV Minerals Inc. Go Cobalt Mining Corp.

Gold Group Management Inc. Golden Arrow Resources Golden Minerals Company Golden Predator Mining Corp.

Golden Ridge Resources Ltd. Golden Share Resources Corporation Golden Star Resources Limited Goldgroup Mining Inc. GoldMining Inc. Goldmoney Inc. Goldplay Exploration Ltd. GoldQuest Mining Corp.

Goldsource Mines Inc. Goldspot Discoveries Inc. Gossan Resources Limited GoviEx Uranium Inc. Gowest Gold Ltd. Gran Colombia Gold Corp.

Greg Exploration Inc. Grid Metals Corp.

Grizzly Discoveries Inc. GT Gold Corp.

Happy Creek Minerals Ltd. Harfang Exploration Inc. Harte Gold Corp.

Hecla Mining Company High Power Exploration Highland Copper Company Inc. HPQ Silicon Resources

PROSPECTORS TENT Get back to the heart of the industry with a visit to the Prospectors Tent. Located in the Investors Exchange, self-employed and independent prospectors will be there to discuss their maps, samples and claim results.

• Arturo Garcia Aymerich • John Shurko

• Pierre Gaucher

• Bruce MacLauchlan

• John Zimmerman

• Scott Grant

• Carl E. Nelson

• Karl Bjorkman

• Tom Drivas

• Connor Malek

• Larry R. Moyer

• Vital Arsenault

• David Mako

• N orthern Prospectors Association

• Wayde Guinchard

• Donald Brown • Gordon Salo

• P eter Maciulaitis & Ming-Ho Du

• William Taylor

2019-01-15 6:12 PM

12 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

INVESTORS EXCHANGE Market Making Services Inc. Mawson Resources Limited Maya Gold & Silver Inc. McEwen Mining Inc. MegumaGold Metal Mining PNG Ltd. Metals Creek Resources Corp.

Metals Group Inc. Mexican Gold Corp.

Midas Gold Corp.

Midland Exploration Inc. Millennial Lithium Corp.

Minaurum Gold Inc. Minco Mining Group Minera Alamos Inc. Mineral Mountain Resources Ltd. Mirasol Resources Ltd. Mississauga Mining & Exploration Cameroon S.A.R.L.(MMEC) Monarques Gold Corporation Moneta Porcupine Mines Inc. Montero Mining & Exploration Ltd. Monument Mining Limited Morien Resources Corp.

Moydow Resources Limited Mundoro Capital Inc. Murchison Minerals Ltd. Nemaska Lithium Inc. Neo Lithium Corp.

Nevada Copper Corp.

Nevada Exploration Inc. Nevada Zinc Corporation Nevsun Resources Ltd. New Found Gold Corp New Gold Inc. New Pacific Metals Corp.

Newcrest Mining Ltd. Newmont Mining Corporation Newrange Gold Corp.

Nexa Resources S.A. NextSource Materials Inc. Nicola Mining Inc. NioBay Metals Inc. Nordic Gold Corp.

Nordic Mining ASA Noront Resources Ltd. North American Nickel Inc. North American Palladium Ltd.

Hudson Resources Inc. Hunt Mining Corp.

IAMGOLD Corporation Idaho Champion Gold Mines Ltd. IDM Mining Impact Silver Corp.

Inca One Gold Corp.

Independence Gold Corp.

Integra Resources Corp.

International Millennium Mining Corp.

INV Metals Inc. ioneer IsoEnergy Ivanhoe Mines Ltd. Jaguar Mining Inc. Jameson Resources Limited Japan Gold Corp.

K92 Mining Inc. Kerr Mines Inc. Kesselrun Resources Ltd. Kingsgate Consolidated Limited Kinross Gold Corporation Kirkland Lake Gold Ltd. Klondike Silver Corp.

Kopy Goldfields AB publ Kutcho Copper Corp.

Lara Exploration Ltd. Laurion Mineral Exploration Inc. Leading Edge Materials Corp.

Leagold Mining Corporation Lepidico Ltd. Libero Copper Lion One Metals Lithoquest Diamonds Lomiko Metals Inc. Lorraine Copper Corp.

Lumina Group, The Magna Terra Minerals Inc. Mako Mining Corp.

MANAGEM Group Manas Resources Ltd. Mandalay Resources Corp.

Manex Resource Group Inc. Manganese X Energy Corp.

Manitou Gold Inc. Marathon Gold Corporation Maritime Resources Corp.

THE PERFECT

GIFT

North Arrow Minerals Inc. Northern Dynasty Minerals Ltd. Northern Graphite Corporation Northern Shield Resources Inc. Northern Superior Resources Inc. Northern Vertex Mining Corp.

Nouveau Monde Graphite Novagold Resources Inc. OceanaGold Corporation OK2 Minerals Ltd. Olivut Resources Ltd. Ontario Petroleum Institute Inc. Opus One Resources Inc. Orefinders Resources Inc. Orezone Gold Corporation Orford Mining Corp.

Orla Mining Ltd. Orsu Metals Corporation Orvana Minerals Corp.

Osino Resources Corp.

Osisko Gold Royalties Ltd. Osisko Metals Incorporated OTC Markets Group Pacific Empire Minerals Corp.

Pacific Rim Cobalt Corp.

Pacton Gold Inc. Palamina Corp.

Pancontinental Resources Corporation Panoro Minerals Ltd. Pasinex Resources Ltd. Pavey Ark Minerals Inc. Pelangio Exploration Inc. Peloton Minerals Corporation Pershing Gold Corporation Plateau Uranium Inc. Playfair Mining Ltd. PolyMet Mining Corp.

Power Ore Inc. PPX Mining Corp.

Premier Gold Mines Limited Prize Mining Corporation Probe Metals Inc. ProDeMin Prospero Silver Corp.

Pucara Resources Puma Exploration Inc. Purepoint Uranium Group Inc.

Qatar Mining QMX Gold Corporation Quaterra Resources Inc. Radisson Mining Resources Inc. Rambler Metals and Mining PLC Raymond James Ltd. Red Cloud Klondike Strike Inc. Red Metal Resources Ltd. Red Pine Exploration Inc. Redstar Gold Corp.

Regulus Resources Inc. Renaissance Gold Inc. Renforth Resources Inc. Resource Capital Funds Reunion Gold Corporation Revelo Resources Corp.

Revival Gold Inc. Richardson GMP - The Horwood Team Rio Tinto Riversgold Ltd. Riverside Resources Inc. RNC Minerals Rockcliff Metals Corporation ROKMASTER Resources Corp.

Romios Gold Resources Inc. Roscan Minerals Rover Metals Corp.

Roxgold Inc. Royal Canadian Mint Royal Road Minerals Rubicon Minerals Corporation Rugby Mining Limited S2 Resources Ltd. Sabina Gold & Silver Corp.

Salazar Resources Limited Sandfire Resources America Inc. Sandstorm Gold Ltd. Savary Gold Corp.

Sayona Mining Limited Scandium International Mining Corp.

Secova Metals Corp.

SEMAFO Inc. Serabi Gold plc Serengeti Resources Inc. Sherritt International Corporation Sidex Sierra Metals Inc.

The Art and Humour of John Kilburn Cartoons from A hilarious, 262-page anthology of mining cartoons by The Northern Miner’s resident cartoonist John Kilburn.

Unique in its scope and ambitions, this anthology gathers the best Northern Miner cartoons created over 25 years by John Kilburn, a Vancouver-based mining professional who has worked in Western Canada as a mining engineer, broker, journalist, equity analyst and investor.

Kilburn stylishly captures the mining sector’s biggest events over the past quarter century as well as its perennial conundrums with a cast of characters that includes engineers, geologists, miners, promoters, executives and environmentalists. Joining the cast are coal mine canaries, camp dogs and llamas, plus a special appearance by Santa.

With a foreword by Pierre Lassonde, cofounder and chairman of Franco-Nevada, an introduction

by John Cumming, editor-in-chief of The Northern Miner, and hundreds of boisterous JK mining cartoons like you’ve never seen them before.

Specifications: 7.8” by 10”, 262 pages, B&W with a colour cover, ISBN 978-1-987932-00-3 C$34.99 plus shipping and applicable taxes.

$34.

99

PDAC 2019.indd 12

To order by phone, call toll-free: 1-888-502-3456 ext. 43702 For more information and to order online visit: www.northernminer.com/jk

Silver Bear Resources Plc. Silver One Resources Silvercorp Metals Inc. SilverCrest Metals Inc. Sirios Resources Inc. Sixty North Gold Mining Ltd. Skeena Resources Ltd. Skyharbour Resources Ltd. Sokoman Iron Corp.

SolGold Solitario Zinc Corp.

Sonoro Metals Corp.

South32 Limited Sphinx Resources Ltd. Sprott Group of Companies SQM Star Diamond Corporation Starcore International Mines Ltd. Steppe Gold Limited Stornoway Diamond Corporation Stratabound Minerals Corp.

Strategic Exploration Group Strongbow Exploration Inc. Stuhini Exploration Inc. Sudbury Platinum Corp.

Sumitomo Metal Mining Co., Ltd. Talmora Diamond Inc. Talon Metals Corp.

Teck Resources Limited Telson Mining Corporation Teranga Gold Corporation TerraX Minerals Inc. Tethyan Resources PLC The Metallic Group of Companies Thunderstruck Resources LTD Timberline Resources Corporation Tinka Resources Ltd. Titan Mining Corp.

TMAC Resources Inc. TMX Group Toachi Mining Inc. Transition Metals Corp.

Treasury Metals Inc. Tres-Or Resources Ltd. Trevali Mining Corporation Tri Origin Exploration Ltd. Trilogy Metals Inc. TriStar Gold Inc. Triumph Gold Corp.

Troilus Gold Corp.

Tudor Gold Corp.

Ucore Rare Metals Inc. Ubique Minerals Ltd. UEX Corporation Unigold Inc. Uranium Energy Corp.

Ur-Energy USA Inc. Vale Valoriza Mineria SL VanadiumCorp Resource Inc. Velocity Minerals Ltd. Vendetta Mining Corp.

Victory Nickel Inc. Vior Inc. Vista Gold Corp.

Viva Gold Corp.

VR Resources Ltd. Vulcan Minerals Inc. Wallbridge Mining Company Limited Wealth Minerals Ltd. Wesdome Gold Mines West High Yield W.H.Y. Resources Ltd. West Red Lake Gold Mines Inc. Western Copper and Gold Corporation Wheaton Precious Metals Corp.

White Gold Corp.

White Rock Minerals Wildsky Resources Inc. Wolfden Resources Corporation Xanadu Mines Ltd. Ximen Mining Corp.

X-Terra Resources Yamana Gold Inc. Yorbeau Resources Inc. Zenyatta Ventures Ltd. Zephyr Minerals Ltd. Zimtu Capital Corp.

Zinc One Resources Inc. ZincX Resources Corp.

2019-01-15 6:12 PM

13 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

TRADE SHOW & TRADE SHOW NORTH Aarhus Geophysics ApS ABEL Pumps LP Abitibi Geophysics Inc. Acker Drill Company acQuire Technology Solutions Pty Ltd. Activation Laboratories Ltd. (Actlabs) Advanced Geophysical Operations and Services Inc. (AGCOS) Advanced Geosciences Inc. Advanced Logic Technology ALT Aerogeophysica Inc. AeroGeophysical Surveys Aevitas Inc. AGAT Laboratories Ltd. Agilent Technologies Agnav Inc. AGT Systems AIL Mining Air Greenland Charter Alaska Structures Alberta, Government of Allegheny Instruments, Inc. All-Russian Scientific-Research Institution of Mineral Resources ALS AMC Mining Consultants Canada AMC North America Limited American Geosciences Institute Amis Anachemia Science Arethuse Geology Argentina, Federal and Provincial governments Argentine Mining Industry Pavilion Armtec ASD Inc. AssayNet Canada Inc. Association of Professional Geoscientists of Ontario (APGO) Auracle Geospatial Science Aurum Exploration Services AuTec Innovative Extractive Solutions Ltd. Avjet Holding Inc. Axis Mining Technology Pty Ltd. Aziwell AS Bag Supplies Canada Ltd. Barbados Baroid Industrial Drilling Products Basler Turbo Conversions, LLC BAUER Maschinen GmbH BBA Inc.

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Beak Consultants GmbH Becker Varis Beckman Coulter Belt Conveyor Guarding Béton Préfabriqué du Québec Bg Drilling Solutions OOD Bio-Mine Ltd. BLP Law Professional Corporation Blue Coast Research Bme Boart Longyear Bollore Logistics Canada Inc. Boréalis Brasil Pavilion - Agency for Technological Development of the Brazilian Mining Industry (ADIMB) Breaker Technology British Columbia, Ministry of Energy, Mines and Petroleum Resources Bruker Bureau Veritas Commodities Canada Ltd. Business Consultants Mexico Cabo Drilling Corp.

Canada-Nunavut Geoscience Office Canadian Council for Aboriginal Business Canadian Helicopters Limited Canadian Institute of Mining, Metallurgy & Petroleum (CIM) Caron Business Solutions Inc. Carpenters Union Local 2486 CDN Resource Laboratories Ltd. Centric Mining Systems CGG Chamber of Commerce Brazil-Canada Chemours Chile, Trade Commission of China Council for the Promotion of International Trade China Drilling Geological Equipment Ltd. China, Ministry of Natural Resources Cigna ClearView Geophysics Inc. Clemex Technologies Inc. Collection Arkane Colombian National Mining Agency Complete MT Solutions Condor Consulting, Inc. Control Chemical 1989 Corporation Core Case COREM Corescan Pty Ltd. Corporate Traveller

Trade Show North has Expanded! The Trade Show North will now encompass Halls B & C!

Sponsored by

Visit the Trade Show & Trade Show North to come face-to-face with over 600 exhibitors including countries, organizations and governments promoting the latest technology, products, services and mining jurisdictions to a worldwide market.

CRM GeoTomography Technologies, Inc. Crone Geophysics & Exploration Ltd. CSA Global CSIRO Mineral Resources Flagship CTA Environmental Consultants Custom Helicopters Ltd. Cyanco Cypher Environmental Ltd. Datamine Software Canada DATC Davidson & Company LLP DBC Makina De Beers Group Services Deakin Industries Derrick Corporation Deswik Devico Directional Drilling DGI Geoscience Inc. Diamantina Christensen Trading Inc. Dias Geophysical Limited Di-Corp Discovery Drill Manufacturer DDM Ltd. Discovery International Geophysics Inc. DMC Mining Services DMT Group Doppelmayr DRA Dumas Contracting Ltd. Dundee Sustainable Technologies Inc. Duralite Diamond Drills Ltd. Dynamic Aviation Group Inc. Dynamik ECO Technologies Effigis Geo Solutions Inc. Eijkelkamp SonicSampDrill EIT RawMaterials ElectroMagnetic Imaging Technology Pty Ltd. ELEMISSION Inc. Englo, Inc DBA Engart, Inc. Ensol Systems Inc. Enterprise Holdings Ottawa

EON Geosciences Inc. Epiroc Equity Exploration Consultants Ltd. ERIEZ ERM Esri Canada ETIMINE USA-TURKEY European Union Expedition Helicopters Inc. Expert Geophysics Limited F.F.P. Systems Inc. Fennoscandian Exploration and Mining (FEM) Finland, Geological Survey of Fladgate Exploration Consulting Corporation Foraco International SA Forage FTE Drilling Forage Orbit Garant Drilling Fordia Foremost Industries LP Foth Infrastructure & Environment, LLC Fracflow Consultants Inc. G Mining Services Inc. G+ Plastics Galaxy Broadband Communications Inc. Gap - Discovery HeliSA Gekko Systems GEM Advanced Magnetometers Geo Data Solutions Inc. Geodevice LLC Geo-Logic Associates Geologica Inc. Geological & Mining Equipment Branch of CMA Geological Association of Canada GAC Geological Survey of Victoria (Australia Minerals) Geometrics Geonics Limited Geophysics GPR International Inc. Geo-reka Software

Geoscience Australia (Australia Minerals) Geosense Geosoft Inc. Geotech Drilling Services Ltd. Geotech Ltd. Geotechnologies Géotic Inc. Geovariances Geovista Ltd. German Pavilion - Federal Ministry for Economic Affairs and Energy (BMWi) GF Instruments Ghana, Minerals Commission of Globalstar Canada Satellite Co. Golder Associates Ltd. Greenland Business Association Greenland, Government of Grenville Minerals Groundradar Inc. GroundTech Solutions Ltd. GVMapper S.A. Halltech Exploration Outfitters Hayward Baker, Inc. Heli Explore Inc. Helicopter Transport Services Helmholtz Institute Freiberg for Resource Technology Hexagon Mining Hi Tech PMR HiSeis Pty Ltd. Hy-Tech Drilling Ltd. HyVista Corporation Pty Ltd ICOM Canada IFG Corporation IGS International Geoscience Services Ltd. Imago Inc. IMP Automation Canada Ltd. Independent Laboratory Supplies Pty Ltd. Independent Mining Consultants, Inc. India, Government of, Ministry of Mines

2019-01-15 6:12 PM

14 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

TRADE SHOW & TRADE SHOW NORTH Industrial Fabrication Inc. Industrial Info Resources Inertial Sensing InfoMine Inc. Infosat Communications LP Ingetrol Initial Exploration Services Inc. InnovExplo Inc. Innu Development Limited Partnership Instrumentation GDD Inc. Inter Oriental Builders Sarl International Airborne Geophysics Safety Association International Directional Services Intertek Intrepid Geophysics Ireland, Department of Communications, Climate Action & Environment IRL Supplies Ltd. ITC Global Jacobs Engineering Group Inc. Japan Oil, Gas and Metals National Corporation Japosat Satellite Mapping Jexplore Equipment Inc. Kappes, Cassiday & Associates Kemetco Research Inc. Kenn Borek Air Ltd. Kingston Process Metallurgy Inc. Kishore Vadilal Private Limited Kississing Lake Lodge Kitikmeot Cementation Mining & Development Ltd. Klen International Kroum VS Instruments Limited Lake Central Air Services Inc. Lamontagne Geophysics Ltd. Langara Island Lodge Laurentian University, Harquail School of Earth Sciences Leapfrog Software, Seequent Levanto LiDAR Services International Inc. LIM Logging Maccaferri Mining Solutions Machines Roger International MacLean Engineering Major Drilling Major Reclaim Corp.

Manitoba Geoscience Education

Manitoba Pavilion Manufacture Adria Inc. Maptek Marine Transportation Services Marlew S.A. Master Drilling Matawa First Nations Matrix GeoTechnologies Ltd. Matrix Helicopter Solutions Inc. Maxidrill Inc. Maxwell GeoServices MBI Drilling Products McCue Engineering Contractors McDowell B. Equipment McElhanney Consulting Services Ltd. Me Too Mining Association Medusa Systems BV Megadome Buildings Meglab Mercator Geological Services Limited Methapharm Inc. Met-Solve Laboratories Inc. Mexican Geological Survey M-I SWACO, A Schlumberger Co. MICROMINE Minalyze AB Mincon Group PLC MineAfrica Inc. MineExcellence Minemax Inc Mineral Exploration Cooperative Research Centre Mineral Technologies Minerva Intelligence Inc. Minewise Technology Mining Finland Mining Industry Human Resources Council (MiHR) Mining Suppliers Trade Association (MSTA Canada) Ministry of Mining and Heavy Industry of Mongolia Minnesota Department of Natural Resources Mira Geoscience Ltd. MMD Mineral Sizing Canada Inc. Montt Group SpA Moroccan National Office of Hydrocarbons and Mines (ONHYM) Mount Sopris Instrument

MPX Geophysics Ltd. MS Analytical MSH International Mud Bay Drilling Multi-Power Products Ltd. Namibia Geological Survey National Compressed Air Canada Ltd. Natural History Museum Consulting Natural Resources Canada Nature's Canvas Inc. NCS Fuel Network Innovations Inc. Nevada New Brunswick Department of Energy and Resource Development New Brunswick Prospectors & Developers Association New Resolution Geophysics New South Wales, Australia (Australia Minerals) New Zealand Government Newfoundland and Labrador: Explore the opportunities New-Sense Geophysics Limited Newterra Ltd. Nolinor Aviation Nomadis Inc. Nordmin Group of Companies Norseman Structures Northern Ireland, Department for the Economy Northern Mat & Bridge Northern Miner Group, The Northern Ontario Mining Showcase Northern Survey Supply Northern Territory Geological Survey (Australia Minerals) Northspan Explorations Ltd. Northwest Drills Northwest Territories & Nunavut Chamber of Mines Northwest Territories, Government of Norway, Geological Survey of Nova Scotia Department of Energy and Mines Nova Scotia Prospectors Association NOVATEM Inc. NTT CORESAW NUCOMAT Nuna Logistics Limited

NORTHERN ONTARIO MINING SHOWCASE A-1 Blasting Mats Abitibi Geophysics ACR Fuller Group Asabanaka Drill Services Association of Indigenous Mining Services B & D Manufacturing B&G industrial BESTECH BioNorth Solutions Blue Heron Environmental / Zhashagi BPT Components & Parts Inc BZ Environmental Cambrian College Canadian Diamond Drilling Association Canadian Exploration Services Limited (CXS) Canadian Shield Consultants Agency Inc Carmix Canada Limited CARRIERE INDUSTRIAL SUPPLY Centre for Excellence in Mining Innovation City of Temiskaming Shores Clickmox Solutions Collège Boréal Conveyors Plus Ltd Covergalls Inc. CRD Creighton Rock Drill Deltion Innovations DJB Mining Products & Services Ltd. Dr Tarp Drillco Mining and Exporation DST Consulting Engineers Inc. Element Mining Ltd Equipment North Inc. Fabrithane Industrial Products Inc. FedNor Fisher Wavy Gilli’s Custom Containers Inc. Heath & Sherwood (1964) Limited Hurley Ventilation Technologies ICAMP

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Iring Jacob & Samuel Drilling Ltd Jannatec Technologies J.L. Richards & Associates Limited Keemace / Pneuma-Tool K4 Integration / TopVu Komri Engineering Legend Mining Inc. Linnovative Solutions, Inc. LTL Contracting Maestro Digital Mine Marcotte Mining Machinery Services Inc. Markey Consulting Materials Joining Innovation Centre Meridian Fuels Inc Metal Fab Limited Miller Group of Companies Miller Technology Minalytix Mine Source Inc. Minewise Technology MIRARCO Mining Innovation Mobile Parts Morgan Fuels NADF Nimkie Mining NORCAT NORPRO North Bay Machining Centre Inc Northern Superior Structural Solutions Ltd North Star Air Northern College / Northern Training Division Northern Survey Supply Canada Objectivity OCP Construction Supplies Inc. Odyssey Fluid Power On Duty Equipment Ltd ORIGIN Paige Engineering Limited

PEPCO Pilot Diamond Tools Ltd Polymet Resources Inc Poly-Ure Castings Limited Porcupine Engineering services Prodrill a Sling-Choker Mfg. company Provix Rainbow Concrete Industries Ltd Rastall Mine Supply Rector Machine Works Ltd Resolution Machining Revolution Mining Software Rocvent Inc Ronacher McKenzie Geoscience Schauenburg Industries Ltd. SHYFT Inc. Spectrum Telecom Group Ltd. Steel2000 Inc. Sumac Geomatics Superior Strategies Symboticware Inc. TBT Engineering Ltd TESC Contracting Company Ltd. Thunder Airlines TIME LIMITED TopSteel/TopROPS Town of Cochrane Town of Hearst TPS Group of Companies - NATT Safety Services Tracks and Wheels Turtle Island Protection Services Variant Mining Technologies Wabi Iron & Steel Corp.

Wahgoshig Resources Inc. / Black Diamond Drilling Services Wasaya Airways Windigo Ventures GP Wipware Inc. Workplace Safety North / Sécurité au travail dans le Nord

Nunavut Tunngavik Incorporated Nunavut, Government of Nuvia Dynamics Inc. Objectivity Offtake Ltd. Olympus Ontario Ministry of Northern Development and Mines Operation Eyesight Ore Research and Exploration P/L Orix Geoscience Inc. Outotec Canada Ltd. Overburden Drilling Management Limited Pacific Geomatics Ltd. Parts HeadQuarters Inc. Paterson, Grant & Watson Limited Peru Petro-Canada Fuels Petro-Canada Lubricants Inc. Phoenix Geophysics Limited PhotoSat Information Ltd. Phoventus Inc. Pilot Diamond Tools Piteau Associates Engineering Ltd. PowerTraxx Vehicles Inc. Pozitif Sondaj Ltd. Precision GeoSurveys Inc. PRIMERO Prinoth Priority Drilling Ltd. Promer Consultancy Engineering Inc. Prospectors Supplies Pty Ltd. QINGDAO YOSION LABTECH CO., LTD. Qmine Geo-Service Corp.

Quantec Geoscience Quarry and Mining Equipment Ltd. Québec, Gouvernement Queen's University, Department of Geology Queensland Government (Australia Minerals) R.T. Boyd Limited RADEXPRO EUROPE OÜ Radiation Solutions Inc. Raymac Environmental Services Inc. RBL-REI RCM Modular RDH Mining Equipment Red Lake, Municipality of Refacciones Neumaticas La Paz, S.A. De C.V. Reflex Instruments N.A. Rite Idler RME Geomatics RMS Instruments Roadpost Robertson Geologging USA, Inc. Rocklabs ROCK-TECH Romquest Technologies Roscoe Postle Associates Inc. RPC RPMGlobal Canada Ltd. Russian Stone, The RWDI S&P Global Market Intelligence SafesSight Exploration Inc. Sander Geophysics Sandvik Mining Saskatchewan Trade and Export Partnership Saskatchewan, Government of SAXUM Engineered Solutions Schramm, Inc. Scintrex Scott Hogg & Associates Ltd. SCR Mining and Tunnelling L.P. SEI Industries Ltd. Semm Logging senseFly Sepor, Inc. Sepro Mineral Systems Corp.

SGS Sherritt International Corporation Sigfusson Northern Ltd Signature Group Inc. Simcoe Geoscience Limited Sirius Wilderness Medicine Inc. Sisprobe Skyline Assayers & Laboratories SkyTEM Canada Inc. SLR Consulting Canada Ltd. SmithCo Mfg, Inc.

SNF Canada Society for Mining, Metallurgy & Exploration (SME) Inc. Society of Economic Geologists SODERN SolidCAD South Africa, Department of Mineral Resources South Australia, Government of (Australia Minerals) Southern Mapping Company SpecTIR, LLC Spectral Evolution Spektra Jeotek As SRK Consulting Canada Inc. St. Petersburg State Mining Institute Stantec Star Trace Private Ltd. Stockholm Precision Tools AB Story Environmental Inc. Stuart Olson Sudbury, City of Greater Summit Helicopters SurveyTECH Instruments & Services Sweden, Geological Survey of Swick Drilling North America Systems for Research Corp.

Tangshan Jinshi Superhard Material Co., Ltd. Tasmania, Mineral Resources (Australia Minerals) Team Drilling LP Technica Mining Technidrill Tema Isenmann Terra Modelling Services Inc. Terrace Business Resource Centre TerraCore Terrane Geoscience Inc. Terraplus Inc. Terraquest Ltd. Tetra Tech The Claim Group Inc. The Thyssen mining Group of Companies The West Coast Fishing Club Thermo Scientific Thomas O'Neill & Associates Inc. Thor Global Enterprises Ltd. ThreeDify Inc. Thunder Bay, Mining in Northwestern Ontario Tioga Air Heaters TransPerfect Translations Tretan Inc. Trimble TSL Laboratories Inc. Tulloch Engineering Tundra Airborne Surveys Ltd. TUVANOSA U.S. Geological Survey Universal Helicopters University of British Columbia University of Lorraine University of Toronto University of Waterloo, Department of Earth and Environmental Sciences Valaurum, Inc. Vancon Core Saw Inc. Varco Pruden Buildings (VP Buildings) Vektore Exploration Consulting Corporation Veolia Water Technologies VersaDrill Canada VICTAULIC Voyages Lindberg Travel Inc. Wabun Tribal Council Wajax Walden Group, The Watts, Griffis and McOuat Limited Weatherhaven Western Australia, Department of Mines, Industry Regulation and Safety (Australia Minerals) Wink Vibracore Drill Company Ltd. Wireline Services Group Wood PLC WSP Canada Inc. Xcalibur Airborne Geophysics Xpera Risk Mitigation and Investigation Xploration Services Greenland A/S XPS XRF Scientific Americas Inc. Yukon Chamber of Mines Yukon, Government of Zonge International Inc.

2019-01-15 6:12 PM

15 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

SERVICES ONSITE FREE WI-FI

LOUNGES CHARGING CENTRE LOUNGE

Sponsored by BHP

Sponsored by Kal Tire

PDAC Wi-Fi service is available throughout the MTCC (limited access in exhibit halls).

Looking for a place to charge your smartphone? Visit the Charging Centre Lounge. Have a seat and relax while you wait for your charge to complete.

GOLDCORP #DISRUPTMINING LOUNGE Sponsored by Goldcorp Inc. This new lounge, conveniently located in the Investors Exchange, provides a much needed place to take a break as you navigate your way through hundreds of mining companies.

RECHARGE HUB Sponsored by Hudbay Minerals Inc. Want a place to relax and recharge? Visit the new Recharge Hub, equipped with charging tables to charge your mobile device, in Trade Show North. A great location to unwind or meet with colleagues and peers.

WATER STATIONS Sponsored by Napier-Reid Ltd. Fill up your water bottle or drink from the fountain at one of the three water stations.

SHUTTLE SERVICE

VIP LOUNGE

Sponsored by SNC-Lavalin

Sponsored by HLS Hard-Line Solutions Inc.

PDAC provides free shuttle service from key downtown hotels to the MTCC, South Building.

Only VIP All Access Pass holders have access to this private and exclusive lounge.

While in the lounge, take advantage of: •

Daily continental breakfast and light refreshments throughout the day

•

Administrative support including scanning and photocopying

•

Nine semi-private, free meeting rooms (reservations required - non-VIP attendees permitted in meeting rooms)

PLACES TO EAT TECK CAFÉ

700 CAFÉ & LOUNGE

Sponsored by Teck Resources Limited

Sponsored by Freeport-McMoRan Copper and Gold Inc.

FOOD PAVILION

GREAT NORTH EATERY

Sponsored by Major Drilling

TERRACE MEETING PLACE Sponsored by BDO Canada LLP Looking for free meeting space? These semi-private meeting rooms are available for one-hour bookings per day. Online bookings are now available at www. pickatime.com/pdac. An attendant will also be onsite to accept reservations on a first-come, first-served basis.

MOBILE CONVENTION WEBSITE Sponsored by BHP Works just like an app!

Visit www.pdac.ca/convention on your smartphone or tablet to launch the mobile website. Use this essential tool to plan your time and navigate the convention. Build customized schedules into a smartphone calendar by adding events and presentations, locating and saving exhibitors and viewing floor plans.

SME BOOKSTORE Back by popular demand, the Society for Mining, Metallurgy and Exploration (SME) will once again host a bookstore at the convention.

Take advantage of show pricing from the most prestigious book publisher in the industry.

SHOE SHINE STATION Sponsored by The Great Trail Enjoy a complimentary shoe shine in between your business meetings.

FREE HEADSHOT Sponsored by Major Drilling Need an updated headshot? Take advantage of this service, right on the Trade Show floor, beside the Food Pavilion.

Your professional photo will be emailed to you in real time. Perfect for websites, social media, business cards and more.

COMPLIMENTARY MASSAGE STATION Sponsored by Micon International Limited Relax, refresh and rejuvenate! Receive a 15-minute complimentary massage given in a specially-designed chair that offers ultimate comfort.

ALL ACCESS PASS BAG Sponsored by Teck Resources Limited and Anglo American Exploration (Canada) Ltd. Inside you’ll find a: •

Convention Program

•

Notebook

•

Pen

•

Post-it Notepad

PDAC 2019.indd 15

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16 PDAC 2019: The World’s Premier Mineral Exploration & Mining Convention March 3-6 Metro Toronto Convention Centre, Toronto, Canada REGISTER AT WWW.PDAC.CA/CONVENTION

HIGHLIGHTS FROM PDAC 2018 Photo credit: www.pdac.ca

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2019-01-15 6:13 PM