The Northern Miner July 6 2020 Issue 14

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Demand for electric vehicle raw materials to spike, UN says GREEN ENERGY

Gold miners face challenges to maintain 2019 production levels GOLD

| EV car sales expected to reach 23 million by 2030

P

Electric vehicle at a charging station in Santo Domingo, Dominican Republic. MARIORDO/WIKIMEDIA COMMONS

BY MINING.COM STAFF

T

he demand for raw materials used to manufacture rechargeable batteries for electric vehicles (EVs) will grow rapidly as the importance of oil as a source of energy recedes, according to a new report from the United Nations Conference on Trade and Development (UNCTAD).

According to UNCTAD, ongoing efforts to lower greenhouse gas emissions are expected to spur further investment in green energy production, which has been steady over the years, standing at around US$600 billion per year, on average.

“Alternative sources of energy

such as electric batteries will become even more important as investors grow more wary of the future of the oil industry,” said Pamela CokeHamilton, UNCTAD’s director of international trade.

Electric car sales have boomed in recent years, rising 65% in 2018 from the previous year to 5.1 million vehicles, and are expected to reach 23 million in 2030, according to the International Energy Agency.

The report highlights the significant role of rechargeable batteries in the global transition to a low-carbon energy system.

The worldwide market for cathode for lithium ion batteries, the most common rechargeable car battery,

was estimated at US$7 billion in 2018 and is expected to reach US$58.8 billion by 2024, according to the report.

“The rise in demand for the strategic raw materials used to manufacture electric car batteries will open more trade opportunities for the countries that supply these materials.

It’s important for these countries to develop their capacity to move up the value chain,” Coke-Hamilton said.

Reserves of the raw materials for car batteries are concentrated among a few countries. Nearly 50% of world cobalt reserves are in the Democratic Republic of the Congo (DRC), 58% of lithium reserves are in Chile, 80% Se e GREEN ENERGY / 3

| Report says US$37 billion investment required in next five years

BY MINING.COM STAFF

rior to the coronavirus outbreak, peak gold supply was becoming a real possibility.

Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight, according to research firm Wood Mackenzie’s latest report.

As organic growth is waning, miners are looking to buy gold through mergers and acquisitions to secure their future.

So far this has failed to significantly increase production. To avoid a perpetual decline in the gold supply, the industry must see a rise in project development, the research and consulting company says.

Wood Mackenzie estimates the industry will need to commission 8 million oz. (262 tonnes) of projects by 2025 to maintain 2019 production levels.

This equates to roughly 44 projects, Wood Mackenzie calculates.

Based on the average project capital intensity of US$4,610 per oz. gold per year, Wood Mackenzie estimates the industry must invest approximately US$37 billion on greenfield projects and restarts over the next five years.

“If all our probable projects were to come online before 2025, this would almost meet the requirement to maintain 2019 production levels,” said Rory Townsend, Wood Mackenzie’s head of gold research.

“The likelihood, however, is that we see some degree of slippage among a number of these assets due to permitting delays, prioritization of other capital projects and changes in scope,” he said.

Where will the supply come from?

“Social and governance considerations are dissuading the explora-

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tion of certain jurisdictions and the progression of identified deposits,” Townsend said.

“Investment and exploration in countries such as South Africa have all but dried up, with the gold mining industry plagued by power outages, labour strikes and regulatory uncertainty. This has prompted investors and miners to consider countries they deem to be more mining-friendly.”

“Ghana has been a significant beneficiary of this and overtook South Africa to become the largest gold producer in Africa in 2018,” Townsend noted.

Wood Mackenzie has identified about 260 projects that gold miners and investors could turn to.

“Given the size of the resource that is available to be developed, talk of peak gold supply may seem a little surprising. Crucially, however, it is not the lack of gold that is the constraint. Gold miners and investors are carefully searching for the Se e GOLD / 3 P M 4 0 0 6 9 2 4 0

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JULY 6–JULY 12, 2020 / THE NORTHERN MINER

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GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

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Price forecasts for copper and nickel cautiously improving BASE METALS

| Sector remains vulnerable to second wave of Covid-19, and China

BY NORTHERN MINER STAFF

I

n a new research note entitled, Making a Comeback, Haywood Securities’ Pierre Vaillancourt has adjusted his price outlook for copper and nickel “to reflect the improving economic conditions,” although the mining analyst cautions that he remains “wary of the extent of the recovery.”

Vaillancourt has raised his outlook for copper this year to US$2.60 per lb. from his previous US$2.45 per lb.

(US$2.50 per lb. in Q2, US$2.60 per lb. in Q3, and US$2.70 per lb. in Q4.)

In 2021, he expects the copper price will average US$2.80 per lb., and US$2.90 per lb. in 2022. In 2023 it should hit US$3.00 per pound.

The mining analyst has also lifted his nickel price forecast to US$5.87 per lb. in 2020 from his earlier US$5.65 per lb.

“Since the height of the Covid pandemic, prices for base metals have rallied as fiscal and monetary measures have been implemented by national governments to revitalize the global economy,” he wrote in a June 23 research note to clients.

“Recently, China has signalled plans to maintain liquidity in the financial system for the rest of the year, raising hopes of improved demand and rising prices for metals.”

Overall, he noted, copper and nickel have appreciated by 23.2% and 13.7% from their lows on March 23. “In turn, the post-Covid metals price recovery has boosted the S&P/TSX Global Base Metals Index and the Copper Miners Global X ETF by 53.1% and 70.1%, respectively, compared to the S&P/ TSX index gain of 37.9%.”

GREEN ENERGY F r om 1

of natural graphite reserves are in China, Brazil and Turkey, while 75% of manganese reserves are in Australia, Brazil, South Africa and Ukraine.

The highly concentrated production, susceptible to disruption by political instability and adverse environmental impacts, raises concerns about the security of the supply of the raw materials to battery manufacturers.

The report warns that supply disruptions may lead to tighter markets, higher prices and increased costs of car batteries, affecting the global transition to low-carbon electric mobility.

According to UNCTAD, investing more in green technologies that depend less on critical battery raw

GOLD F r om 1

deposit that is ‘just right’ in order to allocate capital,” said Townsend.

Which projects are expected to be most coveted?

At a time of heightened economic uncertainty, the largest gold projects may struggle to secure financing until there is more clarity.

Miners wishing to benefit from this period of elevated prices may have to consider joint ventures and phased approaches to commission the larger deposits or risk missing the window of opportunity.

If miners do not capitalize on gold’s heightened allure through this bull cycle, Wood Mackenzie says,

Copper sulphate mineralization at Filo Mining’s Filo del Sol project that straddles the border of Argentina and Chile. FILO MINING.

“CHINA’S ECONOMY HAS RECOVERED TO 80-85% OF PRE-PANDEMIC LEVELS.”

Copper, he said, had enjoyed its fifth straight week of gains, and “copper inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) dropped to their

lowest level in 17 months with increasing industrial activity, as cancelled warrants have increased to levels not seen since December 2019.”

But Vaillancourt emphasized that

uncertainty remains.

“China’s economy has recovered to 80-85% of pre-pandemic levels, but the lack of demand reflected in falling imports and exports could hamper further recovery,” he wrote.

“Base metals remain vulnerable to a second wave of Covid-19 infections, and factory activity in the rest of the world remains depressed. Economic projections from the World Bank call for the global economy to

materials could help reduce consumers’ vulnerability to supply shortfalls in the current mix of materials such as lithium and cobalt, but this would cut the revenues of the countries producing them.

The report indicates that the bulk of value added to raw materials used in making rechargeable batteries is generated outside the countries that produce the materials.

For instance, value added to cobalt ores by the DRC is limited to intermediate products or concentrates.

Further processing and refining are mostly done in refineries in Belgium, China, Finland, Norway and Zambia to obtain the end products used in rechargeable batteries as well as for other applications.

The DRC, which accounts for over two-thirds of global cobalt produc-

tion, has not maximized the economic benefits of the mineral due to limited infrastructure, technology, logistical capacity, financing and lack of appropriate policies to encourage local value addition.

The manufacture of positive electrodes for car batteries is dominated by countries in Asia. In 2015, China accounted for approximately 39% of the global market, Japan 19% and South Korea 7%.

The report shines a light on the social and environmental impacts of the extraction of raw materials

for car batteries and underlines the urgent need to address them.

About 20% of cobalt supplied from the DRC comes from artisanal mines where child labour and human rights abuses have been reported. Up to 40,000 children work in extremely dangerous conditions in the mines for low pay, according to UNICEF. And in Chile, lithium mining uses nearly 65% of the water in the country’s Salar de Atacama region, one of the driest desert areas in the world, to pump out brines from drilled wells.

This has caused groundwater

PIERRE VAILLANCOURT ANALYST, HAYWOOD SECURITIES

these projects will either continue to trudge toward production for years to come or be re-scoped.

Meanwhile, Wood Mackenzie asserts smaller projects are proving an exciting proposition. They have the advantage of a lower initial capital outlay and can be typically brought online with speed and efficiency, particularly open pit deposits and mines that have previously been in operation.

The drawback to these projects, Wood Mackenzie says, is the fact that they will struggle to nudge the needle for a material gold producer. TNM — This article first appeared in our sister publication, MINING.com.

contract by 5.2% this year, levels not seen since World War II.” “Our concern for the price upside is that once virus-related supply constraints fade in leading producers, the copper price will be almost entirely reliant on China’s stimulus measures for a boost in demand. If China fails to meet expectations, and demand from western economies does not recover, prices could come under pressure.” TNM

depletion and pollution, forcing local quinoa farmers and llama herders to migrate and abandon ancestral settlements. It has also contributed to environmental degradation, landscape damage and soil contamination, the report states.

The adverse environmental impacts could be reduced by increasing investment in technologies used to recycle spent rechargeable batteries, the U.N. advises.

—This article first appeared in our sister publication, MINING.com..

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| Will Chinese buying spree accelerate?

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et’s face it, at times like these, editorial writers are spoiled for choice. How does one choose among the most pertinent topics of the day? The surge in new coronavirus cases in the U.S.? As June was ending, Florida, Texas, Oklahoma, and South Carolina all reported their highest-ever single-day totals of new cases.

BY TRISH SAYWELL tsaywell@northernminer.com Or how about the release of John Bolton’s new book “The Room Where It Happened” – a memoir by U.S. President Donald Trump’s former national security adviser about his 453 days in the administration, and in which he describes the president as misinformed and incompetent and obsessed with his own reelection? “I am hard-pressed to identify any significant Trump decision during my tenure that wasn’t driven by reelection calculations,” wrote Bolton, who was fired in September 2019.

That may explain Trump’s absurd and reckless decision to hold a campaign rally on June 20 at an enclosed arena in Tulsa, Oklahoma (where wearing masks wasn’t mandatory). Or Mike Pence’s defense of that decision. “The freedom of speech, the right to peaceably assemble, is enshrined in the constitution of the U.S. And we have an election coming up,” said the Vice President, who also happens to chair the White House Coronavirus Task Force. This is the same guy, who at a press briefing of that task force on June 26 – the first held in almost two months – admitted that, “we now have seen cases rise precipitously across the South.”

Pence is also the same person who wrote an Op-Ed in the Wall Street Journal on June 16 accusing the media of “sounding the alarm bells over a ‘second wave’ of coronavirus infections” and that “such panic is overblown.” Pence pointed out that it was “thanks to the leadership of President Trump and the courage and compassion of the American people, our public health system is far stronger than it was four months ago, and we are winning the fight against the invisible enemy.”

I could also write about Trump’s niece Mary Trump, a clinical psychologist in New York, who plans to publish her own tell-all account of her uncle. On June 25, a court in New York City rejected a petition by the Trump family to block the book, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” which is being published by Simon & Schuster.

But ridiculing Trump and his coterie of yes men – as warranted as that is at the moment – is like shooting fish in a barrel. It’s just too easy.

And there’s hope on the horizon anyway: With Trump’s approval ratings plunging he is going down in November. Praise Be. An entire editorial could be written about the stock market dip last week, or safe-haven gold, or the International Monetary Fund’s grim warning on June 24 that the global economy will contract 4.9% in 2020, up from its earlier estimate of 3% in April.

Instead, I’ll write about a very interesting report that recently crossed my desk from Haywood Securities’ Kerry Smith, in which the mining analyst draws up a list of companies that he thinks could be prime acquisition targets for Chinese mining companies.

Smith notes that Chinese firms have acquired 14 mining companies since 2017, including four so far this year. And with higher gold prices (up 16% since the start of 2020), he says, not only might the pace of M&A accelerate, but “the universe of potential Chinese buyers” might expand as well.

“With conviction in a much higher gold price and access to significant capital, these Chinese buyers are likely to remain very active in M&A,” Smith opined, “and the only real impediment to many deals is management’s willingness to sell.”

“Those producers trading at a significant discount to their net asset value are the more likely targets, however the Chinese will pay 1 x NAV as seen with the Continental Gold and Guyana Gold acquisitions, where they paid close to NAV at lower gold prices.”

Smith lists 12 producers outside of North America and Australia “that trade at discounted valuations” and “could be acquisition targets for these well-funded and aggressive Chinese producers.” They are: Calibre Mining, Galiano Gold, Golden Star Resources, Jaguar Mining, K92 Mining, Lundin Gold, New Gold, OceanaGold, Perseus Mining, Roxgold, Torex Gold Resources and West African Resources.

“China has significant political power in many under-developed countries and this political power is a significant advantage to Chinese mining companies who purchase undervalued international assets,” Smith concluded. “Shandong and Zijin are not the only Chinese buyers either, but they are by far the most active to date.”

Those other companies that have acquired assets since 2017 include China Molybdenum, Chengton, China National Uranium Corp., Chifeng Jilong, Jinchuan and Shandong Tianye.

Declared Smith: “Stay tuned as we expect these could be exciting times for the gold industry.”

Hallelujah. TNM

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

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

India-based diamond processing hub reopens COVID-19

| Volume down 30-40% from pre-pandemic levels

BY PAUL ZIMNISKY

Special to The Northern Miner

A

fter being closed for almost two months due to the coronavirus pandemic, the diamond manufacturing hub of Surat, India, where most of the world’s rough diamonds are cut and polished, reopened in a formal, but limited, capacity on May 20.

However, a ramp-up in business to pre-pandemic levels could take months as many industry workers left the city to return home to rural villages in March, April and May, due to a lack of work amidst the lockdown. As of June, the larger manufacturers that have resumed business are operating with an estimated workforce of less than 50%.

Business has also partly resumed in Mumbai, India’s primary diamond trade and export hub. The Indian diamond manufacturing trade group, the GJEPC, recently reported that Indian diamonds are being exported at 30-40% of “normal” volume.

According to industry sources, most all of the current export activity is being directed to Hong Kong and the Greater China market, as most business activity there has now returned to prepandemic levels.

As of May, Richemont, luxury conglomerate and parent of Cartier and Van Cleef & Arpels, said all of the company’s 462 stores in China have reopened. Last month, Greater China’s largest jeweller, Chow Tai Fook, said it had reopened over 90% of the company’s stores by mid-April.

Despite the resumption of midstream business in India, the GJEPC, along with four other related organizations, called for a one-month voluntary import ban on rough diamonds in June in an effort to limit excess inventory held by the industry. The groups are also hoping to limit the subsequent negative impact

that the excess inventory would have on credit availability to industry participants. In a letter to the trade group in late April, the organizations explained: “It was assessed that such import stoppage will help the industry face the challenge that has arisen out of turmoil in the global gems and jewellery market.”

Circumstances due to the pandemic and the global lockdown could result in inventory indigestion in the diamond pipeline, especially until end-consumers start buying diamonds again, creating a demand pull through in the supply chain.

However, if a significant number of manufacturers hold off on buying rough diamonds for an additional month or two, following the already three-month-plus mandatory lockdown, it will likely further strain the financials of diamond miners, especially the independent miners, a number of which are already facing severe cash flow challenges.

In an open letter to the trade group in early May, De Beers said: “Today, we are faced with a challenge not to one part of the [industry], but to the entire [industry] … When this crisis ultimately recedes, as it will, if the upstream is intact but there is no functioning downstream, or a midstream but a significantly depleted source upstream, then we have no functioning [industry] at all.”

Industry leaders De Beers and Alrosa have already cut 2020 production guidance by over 10 million carats, and given all of the combined pandemic-related production suspensions, curbs and curtailments across the industry, global production is estimated to fall to under 110 million carats this year. That is almost a 25% year-over-year decline, and would represent the lowest level of global output since the mid- to late-1990s. TNM — Paul Zimnisky, CFA, is an independent diamond industry analyst and consultant based in New York. He offers regular in-depth analysis of the diamond industry through his monthly “State of the Diamond Market” industry report.

COMPANY INDEX Abitibi Royalties . . . . . . . . . . . . . . . . . . . . 15 Agnico Eagle Mines. . . . . . . . . . . . . . . . . 6,8 Alexco Resource. . . . . . . . . . . . . . . . . . . . . .6 Altius Minerals . . . . . . . . . . . . . . . . . . . . . 15 ArcelorMittal . . . . . . . . . . . . . . . . . . . . . . . .5 Archon Minerals . . . . . . . . . . . . . . . . . . . 10 B2Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . 6,16 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . .8 BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Cameco . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 CanAlaska Uranium . . . . . . . . . . . . . . . . . .6 Condor Gold . . . . . . . . . . . . . . . . . . . . . . . .6 Cornerstone Capital Resources . . . . . . . . .7 Diamcor Mining . . . . . . . . . . . . . . . . . . . 14 EMX Royalty . . . . . . . . . . . . . . . . . . . . . . 15 Equinox Gold . . . . . . . . . . . . . . . . . . . . . . . .6 Franco-Nevada . . . . . . . . . . . . . . . . . . . . . 15 Granite Creek Copper. . . . . . . . . . . . . . . . .6 Great Bear Resources . . . . . . . . . . . . . . . . .9 Group Ten Metals . . . . . . . . . . . . . . . . . . . .6 Iamgold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Kinross Gold. . . . . . . . . . . . . . . . . . . . . . . 16 Kirkland Lake Gold . . . . . . . . . . . . . . . . 8,16 Labrador Iron Ore Royalty. . . . . . . . . . . 15 Lucara Diamond . . . . . . . . . . . . . . . . . . . 10 MacDonald Mines Exploration. . . . . . . . .6 MAG Silver . . . . . . . . . . . . . . . . . . . . . . . . .9 Marathon Gold. . . . . . . . . . . . . . . . . . . . . . .6 Maverix Metals . . . . . . . . . . . . . . . . . . . . . 15

Metalex Ventures . . . . . . . . . . . . . . . . . . . 14 Metalla Royalty and Streaming . . . . . . . 15 Metallic Minerals . . . . . . . . . . . . . . . . . . . . .6 Mountain Province Diamonds . . . . . . . 10 North Arrow Minerals . . . . . . . . . . . . . . 14 NovaGold Resources . . . . . . . . . . . . . . . 9,16 Novo Resources . . . . . . . . . . . . . . . . . . . . . .9 Nutrien . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Osisko Gold Royalties . . . . . . . . . . . . . . . 15 Osisko Mining . . . . . . . . . . . . . . . . . . . . . . .9 Pan American Silver . . . . . . . . . . . . . . . . 16 Pangolin Diamonds . . . . . . . . . . . . . . . . . 14 Pure Gold Mining . . . . . . . . . . . . . . . . . . 16 Sabina Gold & Silver . . . . . . . . . . . . . . . . 16 Sandstrom Gold Royalties . . . . . . . . . . . 15 Seabridge Gold . . . . . . . . . . . . . . . . . . . . . . .9 SilverCrest Metals . . . . . . . . . . . . . . . . . . . .9 SolGold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Southstone Minerals . . . . . . . . . . . . . . . . 14 Star Diamond . . . . . . . . . . . . . . . . . . . . . . 10 Strategic Metals . . . . . . . . . . . . . . . . . . . . . .6 Tanzanian Gold . . . . . . . . . . . . . . . . . . . . . .7 Teck Resources . . . . . . . . . . . . . . . . . . . . 6,16 Vale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Wallbridge Mining . . . . . . . . . . . . . . . . . 16 Western Copper and Gold . . . . . . . . . . . . .6 Wheaton Precious Metals. . . . . . . . . . . 6,15 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . 16

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

5

Vale to resume operations at Voisey’s Bay NICKEL

BY CECILIA JAMASMIE

V

MINING.com

ale (N YSE: VALE), the world’s top producer of nickel and iron ore, is finetuning details to reopen its Voisey’s Bay open pit nickel mine and concentrator in Canada by early July.

Full capacity at the northern Labrador-based operation should be reached in August, the Brazilian mining giant said.

Vale initially placed Voisey’s Bay mine on care and maintenance for four weeks as a precaution amid the fast-spreading coronavirus pandemic. It later extended the measure for up to three months, leaving an ongoing mine expansion project on hold.

In 2015, Vale launched the Voisey’s Bay Mine Expansion (VBME) project to promote the transition from open pit to underground mining.

Construction began in 2016 and is expected to be completed by 2022.

The VBME project is expected to extend the mine life of Voisey’s Bay, with annual underground mine production of 45,000 tonnes nickel in concentrate on average, as well as about 20,000 tonnes copper and 2,600 tonnes cobalt.

Vale noted there had been no coro-

| Return to full production expected by August

navirus cases registered at the mine to date. It added it was partnering with a private testing lab in Newfoundland & Labrador to provide extensive polymerise chain reaction (PCR) testing to all employees. It would also trace contacts for any Covid-19 cases.

Last year, Voisey’s Bay mine produced 25,000 tonnes copper concentrate.

Vale warned in April that it expected the nickel market to enter a surplus later this year, compared with its previous view of continued deficits.

Its long-term outlook, however, remains positive due to factors including demand for nickel in the batteries that power electric vehicles (EVs).

Commerzbank analyst Daniel Briesemann said that while mines will close or remain suspended for longer than expected, the negative impact of the coronavirus would be particularly seen on the demand side.

“The nickel market could be well oversupplied this year,” he said in a recent note.

Vale has two nickel projects in the pipeline in Indonesia, which it plans to develop with joint venture partners. The Bahodopi project is slated to produce 70,000 tonnes

per year ferronickel and is being developed with Chinese partners.

Vale is also working with Japan’s Sumitomo Metal Mining in Pomalaa for a processing plant. The facility

aims to churn out 40,000 tonnes a year nickel that is suitable for batteries. TNM

Storage and port facilities at Vale’s Voisey’s Bay nickel-copper-cobalt mine on the coast of Labrador. VALE

— This article first appeared in our sister publication, MINING.com.

JOINT VENTURE ARTICLE

TeleOp Assist: The Next Class in Semi-Autonomous Operation

BY CELESTE PIERCEY From its initial launch in the 1990s, HARD-LINE’s TeleOp system has proven to help mines continuously modernize and streamline their processes. Building off a mine’s existing operational structures, the TeleOp system allows an operator to remotely and simultaneously control multiple machines across multiple sites from an underground- or surfacebased remote station.

Backbone networks provide live camera feeds of work-zones and realtime communication with machines for operational monitoring and nearinstantaneous control responsiveness.

This is accessible from the operator station’s monitor and touchscreen. The operator can use TeleOp to assign machines to automatically perform functions along a pre-set route. This results in reduced machine downtime during shift changes or due to damaging incidents, and greater operator satisfaction by reducing and even eliminating exposure to workplace hazards.

Among TeleOp’s most significant benefits is its ability to act as a springboard for further advancements in efficiency and ease of operation. This brings us to the fast-approaching launch of what will further augment TeleOp’s field-proven system: TeleOp Assist. From the outset, a mining operation already using TeleOp will require minimal additions to use Assist, requiring only access to the relevant machines. Given the backbone network already in place, remote components previously installed on the machine, and no need for a prescan of the mine, an operation may implement Assist and be back up and running quickly, with minimal downtime.

The installation of lidar sensors on the machine is required to achieve the real-

Left: A machine’s lidars perform real-time 3D scanning of a drift while it is driven using Assist. Above: An operator uses TeleOp to control the machine from a remote operator station. HARD-LINE.

time scans that Assist uses to navigate through any level.

Once installed, Assist can be activated with the touch of a button. Upon activation, Assist instantly equips the base system with intelligent steering assistance and collision detection to keep machines off walls on straightaways and in turns. Using realtime 3D lidar scans, Assist will automatically steer to handle the articulation adjustments required to keep the machine as centered as possible within the drift. All the operator needs to do is maintain throttle input, as well as use the station’s left joystick to indicate direction and to tell Assist which direction to turn next. Assist also will

automatically complete a specified turn when it is safe to do so.

Smooth transitions to go from TeleOp driving straight into Assist are also possible, making it easy for operators to call on Assist for help in machine steering. For example, they may load the machine’s bucket using TeleOp control.

Then as they leave the muck pile and it’s time for tramming again, they can engage Assist with the touch of a button, and Assist takes over, automatically handling the steering for the operator.

This is useful in avoiding equipment damage while navigating through drifts and turns with little clearance on either side of the machine. This is also a perfect fit for drifts that are being blasted

and other areas where the surroundings are changing shape, as there is no concern of an old scan becoming irrelevant.

Assist also uses the 3D scans to determine if a space in the drift is wide enough for the machine to travel through, and suspend throttle input if the machine won’t fit. These scans also supply enough data to look ahead and behind the machine to detect obstacles on the driving path. If the machine is jostled from driving over a rut or rock debris, Assist will detect that the machine has been shifted off its driving path and will quickly readjust to center it in the drift as much as possible. Through its type of collision detection, Assist is

also able to determine if an obstacle is unsurpassable and stop the machine before it reaches it.

TeleOp Assist boasts the potential to match existing semi-autonomous standards and build upon their foundation with simple installation and enhanced navigational abilities.

Combining the base TeleOp system with the augmentation of Assist’s 3D lidar scans and collision detection capabilities promises to be a considerable asset to operators and mines. With the release of Assist this quarter applying to all underground LHDs, and the promise of applications to machines such as trucks in future deliveries, mines may look forward to more ways to continuously improve upon the quality and profitability of their operations. n The preceding Joint-Venture Article is PROMOTED

CONTENT sponsored by Hard-Line, and presented in co-operation with The Northern Miner. Visit www. hard-line.com for more information.

6

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JULY 6–JULY 12, 2020 / THE NORTHERN MINER

The Canadian Mining Symposium proves a virtual triumph CMS

I

BY NORTHEN MINER STAFF

t was only four years ago that The Northern Miner held its inaugural Canadian Mining Symposium at Canada House in London showcasing the best of Canadian mining and exploration companies to investment audiences in the U.K. and continental Europe.

This year with the coronavirus outbreak, the decision was made to cancel the live event and move it to the virtual realm. The three-day online conference June 16-18 attracted 2,166 attendees from 83 countries, with participants tuning in from as far afield as Guyana, Mali, Armenia, and Israel.

The symposium was hosted by Anthony Vaccaro, group publisher of The Northern Miner and head of global mining at Glacier Resource Innovation Group, who kicked off the event by addressing the anti-racism protests across North America fol-

| Online event attracts over 2100 attendees from 83 countries

lowing the murder of George Floyd in Minneapolis. Vaccaro delivered a strongly worded rebuke of racism and its impact on society.

The highlight of the event were the executive fireside chats with Agnico Eagle’s (TSX: AEM; NYSE: AEM) Vice-chairman and CEO Sean Boyd; Teck Resources’ (TSX: TECK.B; NYSE: TECK) President and CEO Don Lindsay; Wheaton Precious Metals’ (TSX: WPM; NYSE: WPM) President and CEO Randy Smallwood; and Gord Stothart, president and CEO of Iamgold (TSX: IMG).

The veteran chief executives offered anecdotes and insights into their personal careers, their thoughts on the mining industry and its challenges, ESG issues, and how their respective companies have coped with the coronavirus. They also talked about their outlook for the industry and the commodities they mine.

The conference also featured a series of three thought-provoking

leadership panels hosted by B2Gold’s (TSX: BTO; NYSE-AM: BTG) president and CEO Clive Johnson (see story below); a panel on investing in the Yukon with CEOs from Western Copper and Gold (TSX: WRN; NYSE: WRN), Alexco Resource (TSX: AXU; NYSE-AM: AXU) and Strategic Metals (TSXV: SMD), along with the Honourable Ranj Pillai, the Yukon’s deputy premier, minister of energy, mines and resources, and minister of economic development; and a panel discussion hosted by SRK Consulting’s group chairman and practice leader, Jeff Parshley, on optimizing the socioeconomic legacy of mine closure. The SRK panel included Boubacar Bocoum, a lead mining specialist at the World Bank, Centerra Gold’s (TSX: CG) Kevin D’Souza, and Gold Fields’ Charlene Wrigley.

Another conference highlight was a wide-ranging discussion with Jeffrey Christian, managing partner of the

CPM Group in New York, which touched on the Covid-19-driven global recession, its impact on commodity markets, the role of government stimulus measures; demand for copper and structural impediments facing the electric vehicle market.

New York-based Joe Foster, portfolio manager and gold strategist with VanEck, talked about the challenges facing the junior gold mining sector and the importance of juniors to the mining industry. Pear Tree Securities CEO Lisa Davis discussed flow-through financing, and Dean McPherson, head of business development at the TMX Group talked about the key position Canada holds in the global mining industry.

The conference also included interesting chats with Mark Child, chairman and CEO of Condor Gold (TSX: COG; LSE: CNR), who was calling in from the U.K. to talk about his company’s flagship La India project in Nicaragua; and Christian Milau,

CEO of Equinox Gold (TSX: EQX; NYSE-AM: EQX), who talked about the evolution of the company and its future growth strategy.

The symposium also heard from Matthew Manson, Marathon Gold’s (TSX: MOZ) president and CEO; Michael Rowley, president and CEO of Group Ten Metals’ (TSXV: PGE; US-OTC: PGEZF); MacDonald Mines Exploration’s (TSXV: BMK) President and CEO Quentin Yarie; Metallic Minerals’ (TSXV: MMG; US-OTC: MMNGF) CEO Greg Johnson; CanAlaska Uranium’s (TSXV: CVV; US-OTC: CVVUS) President Peter Dasler; Granite Creek Copper’s (TSXV: GCX) president and CEO Tim Johnson; and Marc Jadoul of Nokia.

Building on the success of the June event, group publisher Vaccaro announced that The Northern Miner will hold two more virtual symposiums, one in September and another in November. TNM

Symposium features thought leadership discussions with key executives CMS

| B2Gold raises the bar on ESG and forecasts 1 million ounces this year

BY CARL A. WILLIAMS

F

cwilliams@northernminer.com

or many of the Canadian Mining Symposium’s attendees, the opportunity to hear from B2Gold’s (TSX: BTO; NYSE-AEM: BTG) Clive Johnson was one of the event’s highlights. Johnson, a founding shareholder of B2Gold, has served as president and a director of the company since its inception at the end of 2006, and CEO since March 2007.

Johnson spoke with Anthony Vaccaro, The Northern Miner’s group publisher. Vaccaro noted that Johnson’s career spanned more than 30 years working in over a dozen countries around the globe, and that he has come to be known for combining an entrepreneurial business approach with in-depth technical expertise. So the publisher wondered if these traits were there from the outset.

“Well, I think it evolved,” Johnson replied. “I started in the mining and exploration business as a line cutter and claim staker for a little company called Bema Industries, as a summer job in the Yukon while I was at university in the mid-70s.”

The firm had started as a consultancy and grew to become a successful mining contractor. To support Bema’s own exploration work, it was then decided that rather than work for other companies, they would develop their own projects.

Bema Gold was subsequently formed from the amalgamation of three Bema group companies in 1988.

It was one of the first companies to successfully transition from a junior exploration company with zero gold production to an international intermediate gold producer.

As Johnson related, one of the ways they were able to accomplish this transition was by bringing in great development engineers and geologists in the mid-90s. This allowed Bema to maintain its entrepreneurial spirit and its technical expertise. Among those

Northern Miner group publisher Anthony Vaccaro (l.) and B2Gold’s Clive Johnson (r.) talking online. TNM

who joined the team were George Johnson (who would become one of B2Gold’s directors in 2016) and Tom Garrigan (who would go on to become that company’s senior vice president of exploration in 2007).

The conversation turned to the story behind Bema Gold and the Kupol gold mine, in the far eastern reaches of Russian Siberia, above the Arctic Circle.

“In the mid-90s, when we went into Russia, the markets were terrible, and a lot of bankers would say to me, ‘The two most negative investments in the world are gold and Russia,’” Johnson recalled. “And we had both.”

However, during their initial search for opportunities in Russia, they would ask every Russian they met about prospects. “And the name Kupol kept coming up,” Johnson told Vacarro, adding that after they had secured the rights to explore the area, “George [Johnson] turned to me and said, ‘We’ve got to get this one.’”

Bema did just that, turning Kupol into what Johnson called one of the most spectacular gold discoveries in the last fifty years. But he emphasized that the key to that success was, “treating people with fairness and respect, and delivering on our promises.”

Kinross Gold (TSX: K; NYSE: KGC) took over the project when

it acquired Bema Gold and its 75% interest in Kupol for US$3.5 billion in 2007.

Meanwhile, B2Gold was founded in November 2006 – with Johnson as a founding shareholder –and, after the sale of Bema Gold to Kinross in February 2007, the company transitioned to a public company in December 2007. In doing so, they brought the core values that had made Bema a success over to B2Gold.

Though created as a brand-new junior exploration company, Johnson highlights how they, “hit the ground running and within a decade or so went from zero ounces a year to a projected one million ounces this year with three operating gold mines and various projects across several continents.”

The success at Kupol led B2Gold to enter other jurisdictions, such as Nicaragua, the Philippines and Mali, which many considered too risky.

“For 30-plus years, we’ve been more geologically driven than geographically driven,” Johnson said. “That’s the benefit of having a team that will go just about anywhere to try to find a gold mine.”

By taking this approach, Johnson explained, they were able to identify and seize opportunities. The idea behind B2Gold, he added, was to acquire properties through acquisi-

tion as well as exploration.

Johnson, for example, cites the Fekola mine in Mali, which, through the merger with Papillon Resources, the company acquired in 2014, and then “almost doubled the mineral resources to approximately 8 million ounces of gold,” he said.

“So here we are now, forecast to produce over one million ounces of gold a year in 2020 at around US$800 per ounce in all-in sustaining costs and we’ll be net-debt free by the end of June this year,” he said. “We’re looking to generate around US$850 million in cash flows from operations this year.”

The conversation then turned to the impact of the Covid-19 pandemic.

Vaccaro noted that even though the outbreak has led to the shuttering of mines around the world, B2Gold was still on guidance to achieve production of between 1 million to 1.06 million oz. gold this year.

“It’s a remarkable success story, that’s not only to our credit but to the credit of our employees, the unions, and the governments of the countries that we operate in,” Johnson said.

Johnson noted that they built Fekola in 2015-2016, while Mali was suffering from an outbreak of the deadly Ebola disease.

“The key factors are trust between

the company, employees, and the government, and that’s where the years of treating people fairly and with transparency pay off,” he said.

As their talk wound down, it segued to environmental, social and governance (ESG) issues. Vaccaro pointed out that B2Gold has tried to raise the bar when it comes to ESG, and Johnson agreed.

“We’ve been big fans of ESG and CSR before they had fancy titles,” he said. “And have always believed culturally, philosophically, and strategically that when you come into a country it must benefit the people in that country as well.”

The company, he added, has always tried to come up with new and innovative ways to work with local communities that result in a “winwin” outcome.

For example, he cited the time the company constructed a much-needed dairy-chilling centre, along with equipment and training, to support the local farming communities close to the company’s former La Libertad mine in Nicaragua. Or how the company has helped to rehabilitate coral reefs, located near the coastal regions of the island province of Masbate in the Philippines, that have been destroyed by overfishing and dynamite fishing by local fisherfolk.

Earlier this year B2Gold has rolled out its Namibian Rhino Gold Bar campaign with the specific intention of saving the last free-roaming population of black rhino left on earth.

“Black rhinos are on the critically endangered species list,” Johnson told Vacarro. “But an increase in poaching over the years in northwest Namibia, particularly in 2015 and 2016, has significantly decreased their numbers.”

“You try to do things that have a sustainable development element so that when the mine shuts down you’ve left a better place behind and that, year on year, you try to do everything you can to raise the bar.” TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

7

SolGold goes after Cornerstone Capital Resources M&A

| US$102 million all-stock offer

BY CECILIA JAMASMIE MINING.com

S

olGold (TSX: SOLG; LSE: SOLG) is trying to buy Cornerstone Capital Resources (TSXV: CGP), which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner’s Cascabel asset.

The $140 million (US$102 million) all-stock offer, SolGold’s second attempt to take over the Ontario-based junior, would see the bidder pay $3.90 for each Cornerstone share.

That is a 22% premium to its closing price of $3.19 on June 29.

CEO Nick Mather said the deal would boost the junior’s footprint in copper-rich, but underdeveloped Ecuador, while simplifying the structure of the US$2.85 billion project. He highlighted the business combination would reduce the risk of dilution and future development costs for Cornerstone shareholders.

“We invite Cornerstone investors to be a part of SolGold’s ultimate vision to become a major coppergold mining company in Ecuador where SolGold’s award-winning exploration teams have identified a number of priority copper gold targets with similar or better prospects than even Alpala,” Mather said in a statement.

This is not the first time SolGold has made an effort to take over Cornerstone. It previously tried in both 2017 and 2018, following up last year with the first disclosed attempt. The Canadian miner also rejected such offer, representing a premium of around 20%, saying it undervalued it.

At a market capitalisation of $103.1 million (US$75.35 million), Cornerstone has an 8% share in SolGold, making it its fourth-biggest shareholder, and 15% in SolGold’s project Cascabel.

It also has other gold, silver and copper projects in Ecuador and Chile.

SolGold scored in May up to US$150 million in funding from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) to develop its Alpala project, located 180 km north of the capital Quito.

Above: Core shack at the Alpala copper-gold project in northern Ecuador. SOLGOLD Right: Drill core from the Cascabel concession in northern Ecuador. SOLGOLD

Earlier this month, the Australian miner also launched a fundraising to raise a minimum of £16 million (about US$20 million) to fully cover the costs of a preliminary feasibility study for the copper-gold project.

A recent report showed Alpala is even bigger than expected, with 2.66 billion tonnes of copper at 0.53% copper-equivalent in the measured and indicated category, and 544 million tonnes at 0.31% copperequivalent in the inferred category.

Once developed, Alpala is expected to produce an average of 150,000 tonnes of copper, 245,000 ounces of gold and 913,000 ounces of silver in concentrate per year during its 55-year life-of-mine.

Over the first 25 years of mining, the average annual production is

expected to be 207,000 tonnes of copper, 438,000 ounces of gold and 1.4 million ounces of silver.

Despite small setbacks due to disruptions related to the coronavirus pandemic, SolGold aims to begin production in 2025.

Mather has repeatedly said his team is building a company “as important to the development of Ecuador as BHP was to Australia.”

Over the past two years, Ecuador has attracted a flurry of interest from big miners looking to increase their exposure to copper. The highly conductive metal is in demand for use in renewable energy and electric vehicles, but big, new deposits are rare.

Diversified majors particularly favour large-scale, long-life projects, such as the one SolGold promises.

Tanzanian Gold begins production at Buckreef AFRICA

| Company plans to expand oxide plant in Q4 2020

BY CARL A. WILLIAMS

T

cwilliams@northernminer.com

anzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania.

“The ore comes in two forms — the primary ore that is at depth and then becomes oxidized as you get close to the surface,” Ulrich Rath, the company’s director said in a telephone interview. “The oxidized ore has different characteristics to the underlying sulphides.”

Some companies, he added, elect

“THERE AREN’T CURRENTLY MANY DEPOSITS OF THAT QUALITY IN THE JUNIOR SECTOR.” ULRICH RATH DIRECTOR, TANZANIAN GOLD

to build plants that process both of them at the same time; however, they decided to treat the oxide ores first, as they are close to the surface and then to build a second plant to process the sulphide ores.

The company, he noted, now plans

to expand the oxide plant in the fourth quarter of this year, with a further expansion slated for early next year.

“The money generated from production at the oxide plant will be used to complete a feasibility study for the development of a sulphide processing plant,” Rath said.

The combined plants, he added, should produce between 150,000 to 175,000 oz. gold per year at full production capacity.

Recent drilling has also identified ore below the bottom of the pit, Rath noted, which could lead to an underground mining operation once the open pit comes to the end of its life.

The company has also reassessed the mineral resources for the project,

BHP (NYSE: BHP; LSE: BHP) upped its stake in the company last year to 15.31% from 14.7%, becoming the miner’s top shareholder.

Ecuador aims to move from an explorer hotspot to a mining exporter. Its oil-led economy has been hit hard over the past few months.

The nation is currently reeling from both the spread of Covid-19

and the collapse of global oil prices.

Prior to recent developments, the South American country expected to attract US$3.7 billion in mining investments between 2019 and 2020, up significantly from the US$270 million it received in 2018. TNM

which now stand at 35.88 million measured and indicated tonnes grading 1.77 grams gold per tonne for 2.04 million contained oz. of gold.

Inferred resources add 17.82 million tonnes grading 1.11 grams gold for 635,540 oz. of gold. The estimates used a cutoff grade of 0.4 gram gold.

“These final resource estimates are an update to preliminary results released in mid-March,” Rath said.

“They include a reclassification in resource categories, with an overall reduction of 21% in the measured and indicated categories, which reflects a reduction in the measured category and an increase in the indicated category.”

However, the overall contained ounces in the measured and indicated category, he added, declined by only 13%, with a reduction of 307,360 oz. of gold from the preliminary estimates.

Although the quantities have reduced, Rath noted, the grade of ore in the measured category increased to 1.99 grams gold, a rise of 14% from the previous estimate, and a 43% increase in the inferred category

grade to 1.48 grams gold.

Furthermore, the contained resources in the inferred category increased from 39,190 oz. to 635,540 oz. of gold.

The previous resource estimate, Rath said, used kriging parameters for the Main zone, which were then applied to the South and Northeast zones and the narrow parallel zones in these areas. The improved classification comes from treating the different zones separately and determining kriging efficiencies for each zone.

“The project presents a very robust and quite high-grade resource base with our measured and indicated resources grading at nearly two grams per tonne,” Rath said. “There aren’t currently many deposits of that quality in the junior sector.”

Mineralization at Buckreef occurs along 1.2 km of the east-west trending Archaean Rwamagaza Greenstone Belt and is open along strike and at depth. The project consists of three deposits: the Main, South and Northeast zones. TNM

— This article first appeared in our sister publication, MINING.com.

8

WWW.NORTHERNMINER.COM

JULY 6–JULY 12, 2020 / THE NORTHERN MINER

SPECIAL FOCUS

CANADA’S TOP TEN Top-10 Canadian miners by market cap BEST OF THE BEST

| A global outlook defines these industry leaders

T

he Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization as of late-June, 2020.

1. BARRICK GOLD Market cap: US$46.56 billion Barrick Gold (TSX: ABX; NYSE: GOLD) has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia.

Its diversified portfolio spans many of the world’s prolific gold districts, and the company is focused on highmargin, long-life assets.

Barrick operates six ‘tier one’ gold assets: Carlin (including the former Goldstrike operation) and Cortez, both in Nevada; Loulo-Gounkoto in Mali, Kibali in the Democratic Republic of Congo; Pueblo Viejo in the Dominican Republic; and Turquoise Ridge in the U.S. (To qualify for tier one status, a mine has to have annual production in excess of 500,000 oz., a mine life of at least ten years, and total cash costs in the bottom half of the industry range.)

Last year, Carlin produced 1.3 million oz. gold; Cortez, 963,000 oz.; Kibali, 813,000 oz.; Loulo-Gounkoto, 715,000 oz.; Pueblo Viejo, 983,000 oz.; and Turquoise Ridge, 504,000 ounces.

Barrick merged with Randgold Resources in January 2019. That transaction was followed in July 2019 with the combination of Barrick’s Nevada assets with those of Newmont’s to create Nevada Gold Mines (61.5% owned and operated

by Barrick). In September, it bought out the minority shareholders in Acacia Mining and took over the management of its Tanzanian as-

Barrick Gold’s Cortez gold mine in Nevada. BARRICK GOLD .

sets. Last year, the company saw its share price jump 78%. The company increased its dividend three times and almost halved its net debt to $2.2 billion – its lowest level since 2007.

2. NUTRIEN Market cap: US$18.60 billion Nutrien (TSX: NTR; NYSE: NTR) was formed in a 2018 merger between Potash Corp. of Saskatchewan – the world’s largest potash producer – and Agrium, a retail supplier of agricultural products and services. Last year, Nutrien captured US$650 million in run-rate synergies – 30% higher than

its commitment to shareholders at the time of the merger.

Today, Nutrien is the world’s largest provider of crop inputs and services – producing potash, nitrogen and phosphate products – and has some of the world’s highest quality and lowest-cost crop nutrient production assets combined with an extensive agricultural distribution network.

Last year, potash made up about 37% of the company’s earnings before interest, taxes, amortization and depreciation, nitrogen 29%, and phosphate 5%. Despite difficult

market conditions in 2019 with challenging weather and escalating trade issues, Nutrien posted EBITDA of US$4.03 billion on sales of US$20.02 billion and generated free cash flow of US$2.2 billion.

Since the company’s inception at the beginning of 2018 until the end of 2019, it has allocated US$5.7 billion to shareholders through dividends and share buybacks.

3. AGNICO EAGLE MINES Market cap: US$14.99 billion Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has declared a cash

info@magsilver.com | TF: 1 866-630-1399

$US 132M* + NO DEBT Production Q3 2020 Significant Exploration Upside High Margin / AISC $5.02/oz Ag *as at April 30, 2020

dividend every year since 1983. It has mines in Canada, Finland and Mexico and last year brought two new mines into production in the Canadian Artic. Last year, it exceeded its annual production forecast for the eighth year in a row – producing 1.78 million oz. gold at total cash costs of $673 per oz. and posted net income for the year of US$473.2 million.

The company has two producing mines in Nunavut – the Meadowbank Complex and the Meliadine mine. In Quebec it owns the La Ronde complex, Goldex, and Canadian Malartic mines, in Mexico the La India, Pinos Altos and Creston Mascota mines, and in Finland the Kittila mine. Its exploration projects include Hammond Reef in northwestern Ontario; Kirkland Lake in northeastern Ontario; Odyssey, East Gouldie and East Malartic in Quebec; and Santa Gertrudis in Mexico’s Sonora state.

Agnico has one of the highest mineral reserve grades among its North American peers. The company’s goal is to maintain its global mineral reserves at about ten times its annual gold production rate. It had cash and equivalents at the end of 2019 of US$322 million.

4. KIRKLAND LAKE GOLD Market cap: US$10.96 billion Kirkland Lake Gold (TSX: KL; NYSE: KL) operates two of the highest grade gold mines in the world and produced a record 974,615 oz. gold in 2019, a 35% year-on-year increase, anchored by its Macassa mine in Ontario, Canada, and its Fosterville mine in the state of Victoria, Australia. It also produces gold at its Holt complex — a trio of mines (Holt, Taylor and Holloway) in Ontario.

Last year, Kirkland Lake Gold’s consolidated operating cash costs fell 22% year-on-year to US$284 per oz. sold, while all-in sustaining costs declined 18% to US$564 per oz. sold. Net earnings jumped 104% year-on-year to US$560 million, or $2.67 per share, and free cash flow totalled US$463 million, an 81% increase over 2018. The company’s shares rose by 60% in 2019, it raised its dividend twice and more than doubled its cash position, ending 2019 with US$707 million in cash and equivalents.

In January 2020, the company completed the all-share acquisition of Detour Gold, adding Detour’s mine in northern Ontario to its portfolio of producing assets. The transaction added 14.8 million oz. gold in openpit reserves to the company’s mineral reserve base and exploration targets within its 1,040 sq. km land position in the Abitibi Greenstone belt.

All three of the company’s main mines — Macassa, Fosterville and Detour — feature free-cash-flow generating operations, in-mine growth potential and regional exploration upside. Last year, the company repurchased 1.13 million of its common shares and plans to buy back another Se e TOP TEN MINERS / 16

CANADA’S TOP TEN

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

9

Top-10 Canada-based precious metals developers GOLD & SILVER

C

anadian gold and silver juniors are leading project advancement at home and abroad. The following are the top-10 Canadian-headquartered precious metals companies that are developing projects but not yet in commercial production, ranked according to market capitalization in late-June.

Royalty and streaming companies are not included in this list.

1. NOVAGOLD RESOURCES Market cap: US$2.91 billion NovaGold Resources (TSX: NG; NYSE-AM: NG) owns 50% of the Donlin gold project in Alaska, with Barrick Gold owning the other 50%.

The project is located in the historic Kuskokwim Gold Belt in southwestern Alaska, 16 km north of the village of Crooked Creek. The Donlin project is one of the highest grade known open-pit gold deposits, with a measured and indicated resource of 541 million tonnes grading 2.24 grams gold per tonne for 39 million oz. gold.

The company says it is well funded and does not need to raise money until a decision is taken to build the project. As of June 2020, NovaGold held US$134.3 million in cash and term deposits on its balance sheet.

The company’s largest shareholder is Electrum Strategic Resources LP & Affiliates. Other institutional shareholders include Fidelity Management & Research Co., Paulson & Co., BlackRock, Van Eck Associates, First Eagle Investment Management and EXOR Investments. Together the top ten institutions hold about 61% of the company’s issued and outstanding shares.

2. MAG SILVER Market cap: US$1.23 billion MAG Silver (TSX: MAG; NYSE-AM: MAG) is developing one of the highest grade and largest primary silver assets in the world – its 44%-owned Juanicipio project in Mexico’s Fresnillo Silver Trend in Zacatecas state. The project is a joint-venture with Fresnillo Plc, the world’s largest primary silver producer and Mexico’s largest gold producer, which owns 56%.

MAG Silver is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonneper-day mining operation.

Juanicipio consists of high-grade silver-gold-lead-zinc epithermal vein deposits. Construction is well underway, detailed engineering is nearing completion and all major process equipment has been purchased and received on-site. Underground development has approached 27 km, and Juanicipio is expected to reach 85% nameplate capacity in the fourth quarter of 2021, and 90-95% of nameplate capacity in 2022. Commissioning of the flotation plant will begin in 2021 and, in the interim, mineralized material from development and initial production stopes will be processed at the Fresnillo beneficiation plant starting in 2020. At the same time, exploration is ongoing with the intention to increase the deeper resources and target new veins.

3. Seabridge Gold Market cap: US$1.09 billion Seabridge Gold’s (TSX: SEA; NYSE: SA) principal projects are in Canada.

Its Kerr-Sulphurets-Mitchell (KSM) project in British Columbia is one of the largest undeveloped gold projects in the world measured by reserves, with proven and probable reserves of 38.8 million oz. gold and 10.2 billion

| Pandemic pushes prices to record levels

lb. copper. The project received its Environmental Assessment Certificate from the provincial authorities and final federal approval in 2014.

Elsewhere in B.C. Seabridge owns the Iskut project, which the company obtained with its acquisition of SnipGold in 2016. Iskut is 110 km northwest of Stewart and 30 km by air from its KSM project, and Seabridge is testing for a gold-copper porphyry similar to those discovered at KSM. In the Northwest Territories, Seabridge is advancing its Courageous Lake project. The 330-sq.-km project has estimated proven and probable reserves of 6.5 million oz. gold in the open-pit FAT deposit.

Courageous Lake covers almost all of the 53 km long Mathews Lake Greenstone Belt, which historically hosted two high-grade gold mines and has gold showings all along its length.

Earlier this year, Seabridge acquired 100% of the 3 Aces gold project in Canada’s Yukon territory. Three Aces is a district-scale, orogenic-gold project consisting of 1,734 claims covering 357 sq. km in southeastern Yukon.

Outside Canada, Seabridge owns the Snowstorm and Goldstorm properties in Nevada.

4. SILVERCREST METALS Market cap: US$934.04 million SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) is focused on its high-grade, vein-hosted Las Chispas silver-gold project in Mexico, 180 km northeast of Hermosillo in Sonora state. The property consists of 28 concessions over 14 square kilometres. The company is working on a feasibility study on the project and hopes to complete it before the end of 2020. A preliminary economic assessment in early 2019 outlined a

1,250 tonne-per day production rate over an initial mine life of 8.5 years, with average annual production of 5.38 million oz. silver and 55,700 oz. gold, or 9.6 million silver-equivalent ounces. The company says drilling to date has only really tested 10 of the 36 known veins at Las Chispas, and the company is currently operating 12 drill rigs on the project.

SilverCrest’s other projects include Cruz de Mayo, also in Mexico’s Sonora state, 163 km northeast of Hermosillo. In addition, it owns the Silver Angel property, 165 km northeast of Hemosillo, and the Estacion Llano property, 140 km north of Hermosillo.

5. OSISKO MINING Market cap: US$900 million Osisko Mining (TSX: OSK) is an exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada. Its flagship project is the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Quebec. It also holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 sq. km), and a 100% stake in the Marban project in the heart of Quebec’s Abitibi gold mining district. It also owns properties in northeastern Ontario’s Larder Lake mining area, including the Jonpol and Garrcon deposits on its Garrison property, the Buffonta past-producing mine and the Gold Pike mine property.

Windfall Lake consists of 285 individual claims covering 125 sq. km and is 700 km northwest of Montreal, 200 km east of Val-d’Or and 115 km east of Lebel-sur-Quevillion. Windfall’s indicated resources stand at 4.13

million tonnes grading 9.1 grams gold per tonne for 1.21 million oz. gold and inferred resources of 14.53 million tonnes grading 8.4 grams gold for 3.94 million ounces. The most significant gold mineralization defined to date is currently known for a vertical extent of about 1,200 metres in four zones. Earlier this year, the company completed its Discovery 1 Deep drill hole, a 3,467-metre drill hole and the longest diamond drill hole in Canada.

On June 1, Osisko announced a $150 million bought deal financing.

6. GREAT BEAR RESOURCES Market cap: US$716.13 million Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) is focused on the Red Lake district in northwestern Ontario, where the company controls more than 300 sq. km of prospective land across four projects: Dixie, Pakwash, Dedee and Sobel. Dixie is Great Bear’s flagship project, 25 km southeast of the town of Red Lake.

The Dixie project consists of 91 sq. km of contiguous claims that extend over 22 kilometres.

Over the last two years, Great Bear has made multiple high-grade discoveries: the Dixie Limb, Hinge, BearRimini, Yuma, Auro, Yauro, Viggo and Gap zones. Its last six discoveries are now considered one zone that is hosted by the LP Fault deformation zone, which overall is an 18 km target that is being explored by the company. Great Bear has completed 83 of about 300 planned drill holes into the LP Fault target as part of its 5 km long by 500-metre deep grid drill program, and gold mineralization has been intersected in all of the drill holes for which assays have been returned.

In June, Great Bear reported the

highest grade, widest gold interval drilled at the LP Fault to date, with an intercept of 576 grams gold per tonne over 1 metre, within a broader interval of 31.33 grams gold over 21 metres.

The company also recently announced the discovery of a new high-grade zone called Arrow, with an intercept of 19.32 grams gold per tonne over 2 metres, including 50 grams gold over 1 metre, within a broader interval of 3 grams gold over 15 metres.

7. NOVO RESOURCES Market cap: US$530.18 million Novo Resources (TSXV: NVO; USOTC: NSRPF) has gold projects in western Australia’s Pilbara region.

Its focus is the Egina gold project, a joint-venture with Japan’s Sumitomo Corp. Last year, the company reported a total of 107.88 grams of raw gold that were recovered from 95 cubic metres of gravel. Novo believes lag gravels mantling the vast erosional terrace at Egina could host a significant gold deposit. The company’s permits allow it to excavate and process up to 50,000 tonnes of gravel, subject to heritage clearances.

Novo Resources also owns the Beatons Creek gold project, where it is exploring for gold-bearing conglomerates within the Hardey Sandstone Formation. Beatons Creek has indicated resources of 457,000 oz. gold at a grade of 2.1 grams gold per tonne and another 446,000 inferred oz. gold at a grade of 3.2 grams gold per tonne.

Novo has also staked 6,021 sq. km of mineral rights in the Karratha region, and its Karratha gold project is 120 km from Egina and 350 km from Beatons Creek. The company says Karratha is prospective for gold, Se e PRECIOUS METALS / 16

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10

CANADA’S TOP TEN

JULY 6–JULY 12, 2020 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Top-10 diamond companies in Canada MINING & DEVELOPMENT

T

he Northern Miner presents the top-ten Canadian-headquartered diamond companies ranked by market capitalization as of mid-June.

1. LUCARA DIAMOND Market cap: US$185.6 million Lucara Diamond’s (TSX: LUC) key asset is the wholly owned Karowe mine in Botswana, which has been in production since 2012 and generated 433,060 carats last year. Since Karowe’s 2012 startup, Lucara has become recognized as a consistent producer of large, gem-quality diamonds.

The open pit operation lies in the north-central part of the country and extracts ore from the AK6 Kimberlite, which is part of the Orapa Kimberlite Field (OKF). There are three pipes at AK6, with mineral reserves of 25.4 million tonnes, containing 2.96 million carats in the mine plan. The current open-pit plan extends out to 2026, with the potential to extract additional resources at depth by developing an underground mine at Karowe.

Last year, Lucara released a feasibility study for the underground development, which outlines a 13-year operation, maintaining the current 7,200-tonne per day production rate.

With a pre-production capital cost of US$514 million, the after-tax net present value estimate for the project, at an 8% discount rate, came in at US$536 million. Detailed engineering and design work are now underway for this development.

At the end of 2018, Lucara started using the proprietary Clara digital platform to sell diamonds, which works to match rough diamond production to specific polished manufacturing demand to improve margins for both buyers and sellers.

Between December 2018 and April 2020, Lucara has completed 23 sales using Clara, with a total value of US$12.3 million.

2. STAR DIAMOND Market cap: US$81.5 million Star Diamond (TSX: DIAM) holds the Star-Orion South project in Saskatchewan, 60 km east of Prince Albert, which is within the Fort a la Corne diamond district.

The project includes two open-

| Sector hit hard by pandemic’s impact on global economies

pittable kimberlite deposits. Star features indicated resources of 193 million tonnes at an average diamond grade of 15 carats per hundred tonnes (cpht), containing 28.2 million carats, and 56.9 million inferred tonnes at 11 cpht, for a further 6.4 million carats.

Orion South hosts an additional 200.2 million indicated tonnes grading 14 cpht, containing 27.2 million carats and 70.1 million inferred tonnes at 7 cpht, with a further 5.2 million carats.

In 2018, Star Diamond tabled a preliminary economic assessment for Star-Orion South. The early-stage study outlines a 38-year operation with a pre-production capital cost of $1.4 billion. The after-tax net present value estimate, at a 7% discount rate, came in at $2 billion.

Star-Orion South received approval from the provincial environment minister in October of 2018.

Rio Tinto’s (NYSE; ASX; LSE: RIO) Canadian subsidiary may earn up to a 60% interest in the company’s Fort a la Corne properties (including Star-Orion South) through spending a total of $70.5 million on exploration and development at Star-Orion South – this includes the completion of a feasibility study. In November 2019, Rio Tinto advised Star Diamond that it would be looking to exercise its full option to earn a 60% share in the Fort a la Corne holdings.

3. MOUNTAIN PROVINCE DIAMONDS Market cap: US$45.4 million Mountain Province Diamonds (TSX: MPVD) holds 49% of the Gahcho Kué diamond mine in the Northwest Territories, operated by 51% owner De Beers.

The mine, 300 km northeast of Yellowknife, produced 6.8 million carats in 2019, and has continued to operate during the coronavirus pandemic. The mine plan at Gahcho Kué includes three kimberlites – Hearne, 5034 and Tuzo – and was recently extended two years to 2030.

However, after holding two diamond sales earlier this year, Mountain Province was forced to cancel its third, due to travel restrictions that shut down the diamond trade.

In June, the company closed a $50-million transaction to sell rough diamonds to Dunebridge Worldwide, a company controlled by the com-

pany’s largest shareholder, Dermot Desmond. The alternative diamond sale will include only run-of-mine diamonds under 10.8 carats. This deal is expected to provide near-term liquidity while the company waits for a reopening of the global economy and a return to traditional diamond selling methods.

When the diamonds are sold to a third-buyer in the future, Mountain Province will share in 50% of the price upside, minus expenses related to future sales costs and fees.

In addition to Gahcho Kué, Mountain Province holds 671.6 sq. km of adjacent ground as part of the Kennady North project, which includes the Kelvin-Faraday kimberlite corridor.

4. DIAMOND FIELDS RESOURCES Market cap: US$8.6 million Diamond Fields Resources (TSXV: DFR) is an exploration-stage company with interests in mineral projects in Madagascar, Namibia and the Red Sea. Its diamond assets are in Namibia, where the company holds offshore diamond mining licences. One of these, ML 111, generated a 26,965-carat bulk sample in 2016. The diamonds were then sold in Antwerp at over US$250 per carat. In November 2018, the company started a non-continuous offshore mining program at ML 111,

which was completed using a contractor. This campaign was suspended in January 2019, due to a relocation of the mining vessel. Diamond Fields, together with the contractor, is reviewing its operational results to outline opportunities for improved mining performance.

The company also wholly owns ML 139, north of ML 111, and has a 70% interest in ML 32, directly east of ML 111.

In western Madagascar, Diamond Fields holds the Beravina hard-rock zircon deposit, with inferred resources of 1.5 million tonnes grading 22.7% zircon. Last year, the company entered into a cooperation agreement with TMH Acquisition, part of Denham Mining Fund, to advance Beravina in exchange for an initial payment of US$250,000. Under this agreement, TMH may earn up to a 100% interest in the project by making a US$2 million payment to Diamond Fields and granting the company a 9% sales royalty on any future mineral sales.

5. ARCHON MINERALS Market cap: US$7 million Archon Minerals (TSXV: ACS) holds interests in diamond properties within the Mackenzie mining division in the Northwest Territories.

Archon holds a 2.3% royalty on gross production from the Buffer Zone, which is owned by Dominion

Diamond, a private company. The Buffer Zone is adjacent to Dominion’s Ekati diamond mine in the territory and hosts the Jay and Lynx kimberlite pipes. For the year ended May 31, 2019, Archon received royalty payments of $732,393, based on production from the Lynx pipe.

In 2016, Dominion published a feasibility study, which outlined probable diamond reserves in two kimberlite pipes at the Buffer Zone. In addition to these two pipes, Archon’s royalty interest covers at least 11 smaller kimberlite pipes, which are within small drainable lakes and, according to the company, could be fast-tracked to production.

Additional sampling is planned for these areas along with further follow-up of undrilled targets at the Buffer Zone. Archon wholly owns 809 sq. km of mineral leases in the Western Buffer Zone.

The company also holds a 20.4% interest (57.5% Equity Metals [TSXV: EQTY], 22.1% is held by a private party) in the Monument diamond project on the south shore of Lac De Gras. There are 12 known kimberlites at Monument – these are part of the Lac De Gras cluster and lie within 40 km of the Ekati and Diavik diamond mines.

See DIAMONDS / 14

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Kirkland Lake Gold is a leading senior gold producer operating in Canada and Australia that produced 974,615 ounces in 2019, and strong production growth expected in 2020. Our business profile is anchored by three high-quality operations including, the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, Canada and the Fosterville Mine located in the State of Victoria, Australia. All three mines combine free cash flow generating operations, substantial inmine growth potential and attractive regional exploration upside to drive continued growth well into the future.

Supported by a strong balance sheet, our goal is to increase shareholder value by growing low-cost production at our existing assets, returning capital to shareholders and pursuing new growth opportunities.

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11

12

CANADA’S TOP TEN

JULY 6–JULY 12, 2020 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Top-10 base metal and uranium explorers and developers DEVELOPMENT

T

he Northern Miner has compiled a list of the top-10, Canadian headquartered base metal and uranium juniors – with no production and which are not a royalty or streaming company. The ranking is based on market capitalization as of late-June.

1. IVANHOE MINES Market cap: US$4.5 billion For the fourth year in a year, Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) retains its commanding position atop the top-10 list.

The company continues to be focused on its three principal projects in southern Africa: developing new mines at the Kamoa-Kakula copper discovery in the Democratic Republic of the Congo (DRC) and the Platreef platinum-palladiumnickel-copper-gold discovery in South Africa, and the extensive re-

| Sector hopes for stronger copper and uranium prices to bolster business

development and upgrading of the Kipushi zinc-copper-germaniumsilver project in the DRC. The Kamoa-Kakula project is a joint venture between Ivanhoe (39.6%), Zijin Mining Group (39.6%), Crystal River Global (0.8%) and the government of the DRC (20%). Ivanhoe indirectly owns 64% of the Platreef project through its subsidiary, Ivanplats. The firm acquired a 68% interest in the Kipushi project in 2011, with the balance of 32% being held by the DRC’s state-owned mining company Gécamines.

According to mining consultant Wood Mackenzie, the Kamoa-Kakula project ranks as the world’s largest undeveloped high-grade copper discovery. The overall indicated mineral resource at the project is 1.39 million tonnes grading 2.74% copper for 83.7 billion lb. contained copper.

2. NORTHERN DYNASTY MINERALS Market cap: US$647.26 million Northern Dynasty Minerals (TSX: NDM; NYSE-AM: NAK) has seen its market cap increase from this time last year, when it stood at US$259 million.

The Vancouver-based company is behind the massive Pebble project, a proposed copper-gold mine in southwestern Alaska. Development of the project, which Northern Dynasty fully acquired in 2005, has faced considerable opposition from local activists, conservationists, fishers and federal regulators.

Northern Dynasty announced in June that its wholly owned U.S. subsidiary, Pebble Limited Partnership, would create a local revenuesharing program for full-time residents of communities located near the proposed mine. This would see the distribution of a 3% net profits

royalty interest in the project to adult residents of villages that have subscribed as participants, and would amount to a guaranteed US$3 million each year the mine operates, beginning with the onset of project construction. The company is hoping to receive a positive federal license decision this summer, which would allow construction to begin later this year.

Pebble’s current measured and indicated resource stands at 6.5 billion tonnes grading 0.40% copper, 0.34 gram gold per tonne, 240 parts per million (ppb) molybdenum, and 1.7 grams silver per tonne for 57 billion lb. copper, 71 million oz. gold, 3.4 billion lb. molybdenum and 345 million oz. silver. Inferred resources add 4.5 billion tonnes grading 0.25% copper, 0.25 gram gold, 226 ppm molybdenum and 1.2 grams silver for 25 billion lb.

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copper, 35.80 million oz. gold, 2.22 billion lb. molybdenum and 170 million oz. silver.

3. NEXGEN ENERGY Market cap: US$466.60 million NexGen Energy (TSX: NXE; NYSE: NXE) has seen its market cap reduced since its appearance on last year’s list.

However, the spot price for uranium has risen from its year to date low of US$24.63 per lb. at the end of January, and is now pushing above US$33 per lb., which could help boost the company’s valuation.

The exploration and development company has a significant profile in the uranium-rich Athabasca Basin in northern Saskatchewan and Alberta, where it holds over 2090 sq. km of property. Its landholdings include NexGen’s high-grade Arrow deposit, the South Arrow discovery, the Harpoon discovery, the Bow River discovery and the Cannon area. All are located within the company’s wholly owned Rook 1 property.

NexGen says that having drilled 200 holes in the Arrow deposit, the site has an indicated mineral resource estimate of 179.5 million lb. contained U3O8 within 1.18 million tonnes grading 6.88% U3O8, including a high-grade core of 164.9 million lb. U3O8 contained within 0.40 million tonnes grading 18.84% U3O8.

Inferred resources add 4.25 million tonnes grading 1.30% U3O8 for 122 million lb. U3O8.

In May, the company announced it had lined up US$30 million in financing from Queen’s Road Capital Investment (TSX: QRC), which it intends to use to help advance more development work at the Arrow deposit.

4. POLYMET MINING Market cap: US$387.24 million Having jumped five spots to its current position on this year’s list, Toronto-based PolyMet Mining (TSX: POM; NYSE-AM: PLM) has seen its market cap increase from last year’s US$213 million. The company is developing its NorthMet project, a copper-nickel-cobalt and precious metals site in northeastern Minnesota.

NorthMet is located near the city of Hoyt Lakes, 110 km north of Duluth in the established Mesabi Iron Range. According to the company, the environmental review conducted for the project was the lengthiest and most comprehensive in Minnesota, and all major state and federal permits have been received. If successful, PolyMet’s open-pit mine would be the first copper-nickel mine in the state.

Based on the results of a drilling program that finished late in 2019, PolyMet says the NorthMet deposit has proven and probable reserves of 290 million tonnes grading 0.29% copper and 0.08% nickel for 1.67 billion lb. copper and 480 million lb. nickel.

5. TRILOGY METALS Market cap: US$284.80 million Vancouver junior Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) has seen its market cap cut from its 2019 list appearance. However, the company remains intent on exploring and developing its holdings in the Ambler mining district of Alaska, located 470 km northwest of Fairbanks. Their teams have been working in the Ambler district since 2004, amassing over 1720 sq. km of what is collectively known as the firm’s Upper Kobuk mineral projects. These include the high-grade copper-zinc-

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

13

located 300 km northwest of Whitehorse, in the Yukon. Western Copper and Gold acquired the property in 2006 and then established a subsidiary, Casino Mining, to conduct exploration and evaluations of the site.

Western Copper and Gold envisions a conventional open pit mine to access a large copper-gold porphyry with reserves of 8.9 million oz. gold and 4.5 billion lb. copper and inferred resources of 9 million oz. gold and 5.4 billion lb. copper. Over the course of the mine’s 22 year lifespan, management expects the mill to process 120,000 tonnes of ore per day and heap leach 25,000 tonnes per day to recover gold.

The company notes that the Casino site lies within the traditional territory of the Selkirk First Nation, and that the project’s road access falls within the traditional territories of both the Selkirk and Little Salmon/Carmacks First Nations. As well, the Tr’ondëk Hwëch’in traditional territory intersects part of the project’s footprint.

Western Copper and Gold is pledging to work with local First Nations to develop the project, which is currently in the environmental assessment review phase of development. The company says that once approvals are received, the mine will take about four years to construct, with capital expenditures estimated at $2.5 billion.

Underground drilling at Ivanhoe’s Kamoa-Kakula copper project in the Democratic Republic of the Congo. IVANHOE MINES.

lead-gold-silver-cobalt Arctic and Bornite properties.

A 2018 prefeasibility study of the Arctic project outlines a minimum 12-year mine life supporting a 10,000 tonne per day conventional mill and flotation circuit producing copper, zinc and lead concentrates containing significant gold and silver byproducts. The study estimates average annual payable production of 159 million lb. copper, 199 million lb. zinc, 33 million lb. lead, 30,600 oz. gold and 3.3 million oz. silver.

Its Bornite deposit, about 25 km southwest of Arctic has the potential to further enhance the long-term economics of the Ambler mining district. A technical report released in 2018 outlined 900 million lb. copper in the indicated category and 5.5 billion lb. copper and 77 million lb. cobalt in the inferred category.

In late April, Trilogy announced the appointment of Tony Giardini as president and chief executive officer.

The former president of Ivanhoe Mines and previous chief financial officer at Kinross Gold (TSX: K; NYSE: KGC) takes the helm after long-time Trilogy president and CEO Rick van Nieuwenhuyse stepped down last September.

6. DENISON MINES Market cap: US$210.21 million For Denison Mines (TSX: DML; NYSE-AM: DNN), exploring and developing uranium projects in north Saskatchewan’s Athabasca Basin remains its focus. Its key assets in the area are the Wheeler River project, in which it has a 90% interest, and the McClean Lake and mill, where Denison retains a 22.5% interest.

The Wheeler River project is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin, according to the company.

It contains two high-grade uranium deposits, Phoenix and Gryphon.

Phoenix has probable reserves of 141,000 tonnes grading 19.1% U3O8 for 59.7 million lb. U3O8 and Gryphon has 1.26 million tonnes grading 1.8% U3O8 for 49.7 million lb. U3O8.

The McClean Lake and mill has an annual licenced production capacity of 24 million lb. U3O8. Last year, it processed about 18 million lb. U3O8 from the Cigar Lake mine under a toll milling agreement.

While Denison’s market cap is well down from last year’s US$394 million, the company did announce in April the completion of a public

offering of common shares in the company. The total gross proceeds were US$5.75 million. Denison is part of The Lundin Group of companies.

7. JOSEMARIA RESOURCES Market cap: US$129.89 million Josemaria Resources (TSX: JOSE) was formerly part of NGEx Minerals (TSX-V: NGEX). Rebranded and spun out from NGEx in July 2019, the company is a part of The Lundin Group and is developing its namesake Josemaria copper-gold project located in the Andes mountains of Argentina, near the border with Chile.

The copper-gold porphyry deposit contains 1.07 billion indicated tonnes grading 0.31% copper, 0.22 gram gold per tonne and 1 gram silver. That translates to a contained 7.4 billion lb. copper, 7.4 million oz. gold and 34.5 million oz. silver. A feature of the resource is a near-surface, supergene enrichment zone, which contains 150 million indicated tonnes grading 0.56% copper and 0.38 gram gold and 1.5 grams silver.

Josemaria had been targeting com-

pletion of a feasibility study on its South American copper-gold project by the third quarter of 2020, though health and safety concerns may have an impact on the timeline. The prefeasibility study envisions a conventional open pit mining operation but using autonomous haul trucks.

Including pre-stripping, the company says the open pit will be in operation for 23 years, delivering ore to the mill for 20 years. Throughput to the mill is projected at 150,000 tonnes of ore per day.

8. FILO MINING Market cap: US$126.40 million Vancouver-based Filo Mining’s (TSXV: FIL) flagship Filo del Sol copper-gold-silver project consists of two properties that straddle the Andean border between Argentina’s San Juan province (the Filo del Sol property) and the Atacama region of Chile (the Tamberias property).

The Filo del Sol project is located less than 20 km south of Josemaria’s copper-gold project.

Filo del Sol contains 3.1 billion lb.

copper, 4.4 million oz. gold and 147 million oz. silver in the indicated category and another 1.1 billion lb. copper, 1.8 million oz. gold and 35 million oz. silver in the inferred category.

As the company says, less than 20% of the properties have been explored.

They pushed ahead with a field program that began in November 2019 and was ended in March 2020 in response to the Covid-19 pandemic.

Despite the shortened program, Filo says it confirmed the existence of a significant porphyry copper-gold system underlying the current mineral resource at Filo del Sol. In June 2020, Jamie Beck was appointed president and CEO of Filo after working with Lundin Mining and Josemaria (formerly NGEx Resources).

9. WESTERN COPPER AND GOLD Market cap: US$93.85 million Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) has a single asset, the Casino project, a copper, gold, molybdenum and silver deposit

10. FISSION URANIUM Market cap: US$66.12 million Fission Uranium (TSX: FCU; USOTC: FCUUF) has seen its market cap decline significantly since its appearance on last year’s list. The uranium explorer-developer based out of Kelowna, B.C., wholly-owns the Patterson Lake South (PLS) property located just outside the southwest margin of Saskatchewan’s Athabasca Basin.

PLS comprises 17 mineral claims totalling over 310 sq. km and includes the near-surface Triple R uranium deposit. Triple R’s indicated mineral resource stands at 2.22 million tonnes grading 2.10% U3O8 for 102.36 million lb. U3O8. Inferred resources add 1.22 million tonnes grading 1.22% U3O8 for 32.81 million lb. U3O8. The company says about 80% of the property has yet to be explored.

Fission has the strategic backing of Hong Kong-based CGN Mining, which invested over $82 million in the company, at a substantial premium, in 2016, and holds a 19.99% equity interest in the Canadian company. CGN also obtained 20% of sales rights of the off-take quantity of products for natural uranium, and 15% of additional exclusive sales options. TNM

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JULY 6–JULY 12, 2020 / THE NORTHERN MINER

DIAMONDS F r om 10

6. DIAMCOR MINING Market cap: US$4.8 million Diamcor Mining (TSXV: DMI) is a diamond explorer focused on projects with near-term production potential.

The company’s most advanced asset is the 70%-owned 59-sq.-km Krone-Endora at Venetia project in South Africa, acquired from De Beers (85% held by Anglo-American [LSE: AAL; JSE: AGL] and 15% owned by the government of Botswana) in 2011, which is adjacent to De Beers’ flagship Venetia diamond mine. Diamonds at Krone-Endora are associated with an upper eluvial and lower alluvial unit, with an interpreted origin at the adjacent Venetia kimberlites, which lie above Krone-Endora.

In 2009, De Beers filed a NI 43-101 compliant resource estimate for the project, which outlined 54.3 million inferred tonnes of diamond-bearing gravels, containing 1.3 million carats of diamonds over an area of 3.1 square kilometres. Diamcor is working to optimize the process flowsheet for the project, as the deposit includes a high sand content, to ultimately make a production decision for this asset.

This test mining and processing program generated revenues for Diamcor in recent quarters from the sale of rough diamonds. In 2011, the company entered into a strategic alliance and $5.5-million financing agreement with Tiffany & Co., with the jewelry company securing a right of first refusal for up to 100% of future production from Krone-Endora at fair value market prices. Diamcor may freely market the larger stones (over 10.8 carats).

7. NORTH ARROW MINERALS Market cap: US$5.3 million With several grassroots diamond discoveries in Canada under its belt, North Arrow Minerals (TSXV: NAR) is now focused on the Q1-4 kimberlite, part of its advanced Naujaat diamond project in Nunavut.

In early June, the junior signed an option agreement with EHR Resources (ASX: EHX) to advance the project with a bulk sample at Q1-4. In return for a $5.6-million investment to collect a 1,500-2,000 tonne bulk sample next year, EHR will earn a 40% interest in Naujaat.

The bulk sample program is slated to start next June. The sample will be

CANADA’S TOP 10

shipped and processed during the fourth quarter of 2021, with recovery results expected in the first quarter of 2022. Under the deal, EHR must raise the remainder of the funds for next year’s program by next April.

In addition, the two parties have signed a non-binding letter of intent to negotiate a second agreement under which EHR can earn an additional 20% interest in Naujaat by funding a 10,000-tonne bulk sample.

The 12.5-hectare kimberlite hosts inferred resources of 48.8 million tonnes grading 53.6 carats per hundred tonnes for 26.1 million carats.

North Arrow acquired the 107.4-sq.-km Naujaat project, which hosts a total of eight kimberlite pipes, in 2013 from Stornoway Diamond.

The company also holds the Loki project in the Northwest Territories, as well as a 21% interest in the Lac de Gras joint-venture with Dominion Diamond.

8. PANGOLIN DIAMONDS Market cap: US$2.9 million Pangolin Diamonds (TSXV: PAN) has seven projects totalling 107 sq. km in diamond-rich Botswana.

Pangolin’s most advanced pros-

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pect is the AK10 kimberlite, 4.4 km from Lucara Diamond’s Karowe mine. The junior signed an option in mid-2018 with a private company to earn up to 75% of the kimberlite.

Under the agreement, the company is required to extract a 500-tonne sample at AK10 before the end of the year.

Before the pandemic, in January, it was awaiting final clearance from the Department of Mines for the program. Like Karowe, AK10 has the potential to host large (50 carats plus), Type IIa diamonds, based on kimberlite indicator mineral analysis.

Pangolin is also advancing earlierstage exploration projects. It recently announced exploration results from its Kwaneng project, 20 km north of the capital of Gaborone. Drilling at the project intersected a shallow ultramafic hypabyssal dyke with a true width of 6 metres.

The company reports that this dyke material is highly altered and is believed to be geologically similar to diamond-bearing units discovered 33 km away in the late 1990s. Based on soil-sampling results that identified an 850 metre by 250-metre chromite anomaly in the area, Pangolin expects

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

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

TSX: DIAM

www.stardiamondcorp.com @StarDiamondCorp

there may be more dykes nearby.

In early June, the company announced it intends to raise $600,000 through a private placement.

In addition, soil sampling at its Malatswae project has returned 19 diamonds to date and an initial drill program testing targets over the 10-sq.-km MSC area at the site recovered one garnet.

9. METALEX VENTURES Market cap: US$2.1 million Metalex Ventures (TSXV: MTX) is focused on diamonds exploration in northern Ontario. The company wholly owns mineral claims in the Kyle Lake region, 80 km west of De Beers’ Victor mine.

In 2005, Metalex discovered the T1 kimberlite pipe within these claims: a follow-up, 408-tonne bulk sample recovered 12,446 commercial-sized diamonds but their size distribution indicated that the pipe was not economic.

In 2006, Metalex completed a geophysical survey over the claims and then tested three priority kimberlites between T1 and the Victor mine. Most of the work to date has been focused on one of these – U2 – which is one of the largest known kimberlites in the region.

A 408-tonne bulk sample collected from U2 in 2010 recovered 1,946 commercial-sized diamonds, with a high proportion of stones in the larger size categories. Based on these results, Metalex plans to extract a 9,072-tonne bulk sample to define the diamond grades and their average values. In 2015, the company received the necessary permits to collect the bulk sample – to do so, it also must secure funding and sign an agreement with the First Nations bands in the area.

Metalex also has a 72% participating interest in the Big Red diamond JV and a 61.7% participating interest in the Dumont JV, both of which are in the Attawapiskat area of Ontario with diamonds exploration targets.

The company’s chairman, geologist Charles Fipke, led the team that discovered Dominion Diamond’s Ekati mine.

10. SOUTHSTONE MINERALS Market cap: US$1.2 million Southstone Minerals (TSXV: SML) has a 43% interest in the 88-sq.-km Oena diamond project in South Africa, a producing alluvial property that is upstream of several producing diamond mines. Oena covers a 15km long section along the southern bank of the Orange River in the Northern Cape province.

There are two types of diamondbearing gravels identified at Oena: proto-terraces and meso-terraces.

Proto-terraces are located more than 40 metres above the level of the Orange River while meso-terraces are 10 metres to 12 metres above the river. Southstone has identified five meso-terraces at Oena: the Oena, Sandberg, Blokwerf, Fishriver and Kabies sections.

Exploration and mining work has been ongoing at Oena since 1992.

The Oena section proto-terrace was mined until 1995 and produced 30,000 carats, with an average stone size of 2 carats. The largest diamond recovered during this period weighed 79 carats. After a five-year test mining period, between 2000 and 2006, additional drilling at the site targeted the meso-terraces, which was followed by a bulk sampling program and a year and a half of trial mining.

Current inferred resources at Oena stand at 2.8 million tonnes grading 0.12 carats per hundred tonnes.

In 2017, a mining contractor started up mining and processing equipment at Oena. The mine receives between 25% and 40% of the gross income from the sales, after commissions. Since 2014, Oena has produced 2,327 carats of diamonds, sold at an average price of US$1,298 per carat. TNM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

15

Canada’s top-10 royalty and streaming companies CASH FLOW

T

he Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of late-June 2020.

1. FRANCO-NEVADA Market cap: US$26.40 billion Franco-Nevada (TSX: FNV; NYSE: FNV) continues to hold its position as the number one royalty and streaming company by market capitalisation. The company has a broad and diversified portfolio of 56 gold and gold-equivalent producing mines, 56 energy-producing assets, 35 advanced-stage gold and gold equivalent assets, 202 gold and gold-equivalent exploration-stage assets, and 25 energy development-stage assets.

The company remains focussed on precious metals – gold, silver and platinum group metals, which generate around 80% of its revenue, with 20% from energy – oil and natural gas.

Franco-Nevada’s four core long-life assets are: First Quantum Minerals’ Cobre Panama in Panama, with a US$1.36 billion investment for a gold and silver stream; Teck Resources’ (TSX: TECK.B; NYSE: TCK) Antamina in Peru, with a US$610 million investment for a 22.5% silver stream; Glencore’s (LSE: GLEN) Antapaccay in Peru, with a US$500 million investment for a gold and silver stream; and Lundin Mining’s (TSX: LUN) Candelaria in Chile, with a US$655 million investment for a gold and silver stream.

In 2019, the company generated record revenues of US$844.1 million, up 29.23% on the previous year of US$653.2 million.

2. WHEATON PRECIOUS METALS Market cap: US$19.06 billion Wheaton Precious Metals (TSX: WPM; NYSE: WPM) is one of the world’s largest precious metal streaming companies. It has a diversified portfolio of assets focused on the Americas.

Wheaton has streaming agreements for 20 operating mines and nine projects in development, with over 30 years of mine life based on the assets’ proven and probable mineral reserves. Over two-thirds of its assets fall in the lowest cost quartile.

In April, Wheaton launched a $5 million corporate social responsibility fund to support the efforts to combat the Covid-19 pandemic. The fund is designed to address the immediate needs in community healthcare, food security, and socio-economic impacts in the communities in which it operates.

In 2019, the company generated revenue of US$861 million, of which US$541 million came from gold, US$288 million from silver, and US$32 million from platinum group metals (PGMs).

3. SANDSTORM GOLD ROYALTIES Market cap: US$1.76 billion Since its formation in 2008, Vancouver-based Sandstorm Gold Royalties (TSX: SSL; NYSE-AM: SAND) has grown its portfolio to over 200 royalty assets, with nearly half (47%) of them located in North America and over a third (34%) in South Africa.

About 41% of the assets are owned by major mining companies and 46% by mid-tier companies with an average all-in sustaining cost of less than US$600 per ounce.

The company says it has “stable cash flow from 23 producing mines and a credit facility of $225 million”

| Portfolios include exploration, development and production firms

and has readily available capital for acquisitions and further growth.

In 2019, Sandstorm generated US$89.4 million in revenue from royalties and streams, an increase of 22.13% from the previous year’s US$73.2 million.

4. OSISKO GOLD ROYALTIES Market cap: US$1.60 billion Montreal-based Osisko Gold Royalties (TSX: OR; NYSE: OR) owns over 130 royalty, stream, and precious metal offtakes, primarily in North America, including 20 producing assets, a 5% net smelter return royalty on the Canadian Malartic mine, Canada’s largest open-pit gold mine, located in Quebec, and a world-class royalty on Newmont’s (TSX: NGT; NYSE: NEM) Eleonore gold mine in James Bay, Quebec.

The company also holds royalties on 14 development-stage projects. In addition, Osisko owns a portfolio of a portfolio of publicly held resource companies, including interests in Osisko Mining (TSX: OSK) and Falco Resources (TSXV: FPC).

The company also owns the Cariboo gold project, an underground gold mine in B.C.’s historical Cariboo mining district. It is proposing to build and operate the project through its subsidiary Barkerville Gold Mines.

Last year, Osisko generated $140.1 million in revenue from royalties and streams, an increase of 9.8% from the previous year of $127.6 million.

5. LABRADOR IRON ORE ROYALTY Market cap: US$1.13 billion Labrador Iron Ore Royalty (TSX: LIF; US-OTC: LIFZF) owns directly and through its wholly-owned subsidiary Hollinger-Hanna a 15.1% interest in Rio Tinto’s (NYSE: RIO; LSE: RIO) Iron Ore Company of Canada (IOC), which operates the

Carol Lake mine near Labrador City in Newfoundland and Labrador, on lands leased by the company.

The company also receives a 7% gross overriding royalty on all iron ore products produced, sold, and shipped by IOC from the leased lands, and a 10¢ per tonne commission on sales of iron ore by IOC. IOC is a joint venture between Rio Tinto (58.7%), Mitsubishi (26.2%), and the Labrador Iron Ore Royalty Income Corporation (15.1%).

In 2019, the company generated $178.9 million in revenue, a rise of 36.2% on the previous year of $130.9 million.

6. MAVERIX METALS Market cap: US$540.15 million Maverix Metals (TSX: MMX; NYSE-AM: MMX) is a gold and silver focussed streaming company headquartered in Vancouver. Since its founding in 2016, the company has completed 10 transactions to acquire a globally diversified portfolio of over 100 royalties and streams across 18 countries, of which 16 are advanced-stage projects and 13 are paying assets.

The company’s portfolio includes four major royalty portfolios, including projects held by Pan American Silver (TSX: PAAS; NASDAQ: PAAS), Gold Fields (NYSE: GFI), Newmont (TSX: NGT; NYSE: NEM), and Kinross Gold (TSX: K; NYSE: KGC).

Around 81% of Maverix’s assets are located in top mining jurisdictions: Australia (29%), Mexico (20%), U.S. (16%), and Canada (15%).

Major shareholders in the company include Newmont (23%), Pan American (2%), and Kinross (9%). Management and insiders hold about 10%.

In 2019, Maverix generated $44.73 million in revenue, a rise of 31.36% over the previous year of $34.05 million.

7. ALTIUS MINERALS Market cap: US$304.85 million Altius Minerals (TSX: ALS; US-OTC: ATUSF) holds royalty interests on 16 producing assets throughout the Americas. In Canada, these interests include a 4% net smelter return royalty on Hudbay Minerals’ (TSX: HBM; NYSE: HBM) 777 copper-zinc mine in Manitoba, five potash mines owned by Nutrien (TSX: NTR, NYSE: NTR) and a number of coal mines in Western Canada, as well as a royalty on Vale’s (NYSE: VALE) Voisey’s Bay nickel-copper-cobalt mine in Labrador.

The company also holds a 3.7% stream on Lundin Mining’s Chapada open-pit copper-gold mine in Brazil’s Goias state and a royalty on Excelsior Mining’s (TSX: MIN) Gunnison copper mine in Arizona.

In 2019, Altius generated $78 million in revenue, a 16.42% year-on-year increase from 2018’s $67 million.

8. ABITIBI ROYALTIES Market cap: US$202.26 million Abitibi Royalties’ (TSXV: RZZ; USOTC: ATBYF) flagship royalty is a 3% net smelter return (NSR) royalty on the eastern portion of the Canadian Malartic mine, owned and operated

by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY).

The company’s NSR royalties cover portions of East Malartic (3% NSR), Odyssey (3% NSR), Sladen (3% NSR), Sheehan (3% NSR), Jeffrey (3% NSR), Barnat Extension (3% NSR), Gouldie Zone (2% NSR) and the Charlie Zone (2% NSR).

In addition, Abitibi Royalties holds a 1.5% NSR royalty on the Midway project, located east and south of the Canadian Malartic mine; and a 15% carried net profit interest on the historic Radium property, immediately west of the Canadian Malartic open pit.

In 2019, Abitibi generated total revenues of $3.47 million, an increase of 1,039% on revenues of $329,112 in the previous year.

9. METALLA ROYALTY AND STREAMING Market cap: US$184.31 million Vancouver-based Metalla Royalty

and Streaming (TSXV: MTA; NYSEAM: MTA) describes itself as a pureplay gold and silver streaming and royalty company.

The company holds a portfolio of royalties and streams on: Pan American Silvers’ (TSX: PAAS; NASDAQ: PAAS) Joaquin and COSE mines in Argentina and Silverback’s New Luika gold mine in southwest Tanzania. The company’s portfolio also includes 17 assets at the development-stage and 26 at the exploration-stage.

On June 22, Metalla acquired an existing royalty on Coeur Mining’s (NYSE: CDE) producing Wharf mine in South Dakota.

In 2019, the company generated revenue of $7.85 million, up 6.51% from the previous year of $7.37 million.

10. EMX ROYALTY Market cap: US$174.87 million Vancouver-based EMX Royalty (TSXV: EMX; NYSE-AM: EMX) is focussed on precious and base metals assets and holds a diversified portfolio of royalty properties and early-stage exploration projects located on five continents.

The company’s portfolio includes 57 royalty and royalty generation properties in the U.S. and Canada, 38 in Scandinavia, three in Serbia, six in Turkey’s Western Anatolia and Eastern Pontides mineral belts, and three in Australia.

In 2015, EMX sold all its joint ventures to Newmont (TSX: NGT; NYSE: NEM) for $5.3 million in cash but retains a 0.5% net smelter return royalty on 49 research permits covering designated exploration areas in northern Haiti’s Massif du Nord mineral belt.

The company has also made strategic investments that include a 19.9% interest in Rawhide Acquisition Holding’s Rawhide gold-silver mining operation in Nevada and net smelter royalty interests on 18 properties in northern Chile operated by Revelo Resources (TSXV: RVL).

In 2019, EMX generated US$5.08 million in revenue, an increase of 43.77% from the previous year of US$3.54 million. TNM

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JULY 6–JULY 12, 2020 / THE NORTHERN MINER

2007, aggregating to more than US$900 million in dividends paid over the last 12 years.

In 2019, Yamana produced 900,339 oz. gold and 10.64 million oz. silver (1.02 million gold-equivalent ounces). Net earnings attributable to the company’s shareholders totalled US$225.6 million, including the sale of its Chapada mine in Brazil for an initial upfront cash consideration of US$800 million on closing in July 2019 (and a total cash consideration of US$865.5 million.) The company’s operations generated net free cash flow of US$358.4 million. Net debt decreased to US$889.1 million, and at the end of 2019 Yamana had cash and equivalents of US$158.8 million and available credit of US$750 million.

Other highlights of the year included the discovery of East Gouldie, a new mineralized zone at the Canadian Malartic mine. Yamana spent US$68.3 million on exploration in 2019.

TOP TEN MINERS F r om 8

20 million shares over the next 12 to 24 months.

The company is also making strides with new technology, automation and artificial intelligence. Its Macassa mine has a fully electric fleet.

5. KINROSS GOLD Market cap: US$ 8.87 billion Kinross Gold’s (TSX: K; NYSE: KGC) mines in the Americas, Russia and West Africa delivered 2.5 million gold-equivalent oz. at a production cost of sales of US$706 per goldequivalent oz. last year, generating over US$1.2 billion in adjusted operating cash flow. It ended 2019 with total liquidity of more than US$2 billion.

Fifty-six percent of its production in 2019 came from the Americas, 23% from West Africa and 21% from Russia. The company has mines in the Americas: Fort Knox (U.S.); Round Mountain (U.S.); Bald Mountain (U.S.); and Paracatu (Brazil). It has two operating mines in West Africa: Tasiast in Mauritania and Chirano in Ghana, and two mines in Russia: Kupol and Dvoinoye.

Its three largest mines – Paracatu (Brazil), Kupol (Russia) and Tasiast (Mauritania) – accounted for more than 61% of the company’s annual production last year. In 2019, Paracatu set an annual production record of 620,000 gold-equivalent ounces.

The company is proceeding with a project at its Tasiast mine to incrementally increase throughput capacity to 24,000 tonnes per day by mid-2023. In January, it closed the acquisition of a new project in Russia – Chulbatkan – and expects to update the resource before the end of 2020. Earlier this year, Kinross announced its decision to proceed with the restart of La Coipa in Chile, which is expected to begin adding ounces to its production profile in 2022.

6. PAN AMERICAN SILVER Market cap: US$5.94 billion Pan American Silver (TSX: PAAS; NYSE: PAAS) is the world’s secondlargest primary silver producer and owns mines in Peru, Mexico, Canada, Argentina and Bolivia. Last year, the company celebrated its silver jubilee – 25 years of mining operations throughout the Americas. Last year, it also acquired Tahoe Resources, which brought it four new gold mines (two each in Canada and Peru) and the Escobal silver mine in Guatemala, which has been on care and maintenance since 2017 pending a government-led consultation process.

In Peru, it owns the Huaron underground mine; the Morococha underground mine; the La Arena open pit mine; and the Shauhindo open pit mine. In Mexico, it owns the La Colorada underground mine in Zacatecas, its largest silver producer, and the Dolores open-pit and underground mine in Chihuahua. In

PRECIOUS METALS F r om 8

with coarse gold nuggets having been located at numerous locations on the Novo and joint-venture tenements. Novo says the gold appears to be located primarily in a series of conglomerate horizons at the base of the Fortescue Formation.

Outside Australia, Novo has optioned its Tuscarora gold project in Nevada to American Pacific Mining.

8. Sabina Gold & Silver Market cap: US$444.05 million Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has a portfolio of properties in Canada at different stages of development, but its flagship projects are in Nunavut.

Its Back River project, a series of gold deposits in banded iron formation, are in southwestern Nunavut, 520 km northeast of Yellowknife. Sabina purchased the project in late 2009

Nutrien’s potash facility in Rocanville, Saskatchewan. NUTRIEN.

Canada, its Timmins underground mines include Timmins West and Bell Creek. In Bolivia, it owns the San Vincente underground mine and in Argentina, the Manantial Espejo underground mine.

Pan American also owns 100% of the Navidad project in Argentina, one of the largest undeveloped primary silver deposits in the world. Navidad contains an estimated 632 million measured and indicated oz. silver.

Last year, 43% of the company’s revenue came from Peru, 31% from Mexico, 15% from Canada; 6% from Bolivia; and 5% from Argentina. Pan American produced 25.9 million oz. silver and 559,200 oz. gold at all-in sustaining costs of US$10.46 per oz. silver and US$948 per oz. gold.

(It also produced 67,600 tonnes of zinc, 27,300 tonnes of lead and 8,700 tonnes of copper.) The company posted net earnings of US$111.2 million on revenues of US$1.35 billion.

Pan American generated US$282 million in cash flow and it retired US$60 million of debt, bringing its net debt down to US$78 million at year-end. Pan American ended 2019 with reserves of 557 million oz. silver and 5.1 million oz. gold.

7. B2GOLD Market cap: US$5.65 billion B2Gold (TSX: BTO; NYSE-AM: BTG) was founded in 2007 and now has mines in Mali, Namibia and the Philippines and exploration projects in several countries including Mali, Namibia, Burkina Faso, Colombia and Finland. It owns 80% of the Fekola mine, an open-pit gold mine in Mali; 90% of the Otjikoto mine, an open pit mine in Namibia (an underground component is under development); and Masbate, an open pit gold mine in the Philippines.

and, after discovering multiple new deposits in 2010 and 2011, decided to advance the project towards development. Back River has measured and indicated resources of 28.24 million tonnes grading 5.87 grams gold per tonne for 5.33 million oz. gold and another 7.75 million inferred tonnes grading 7.43 grams gold for 1.85 million ounces.

Its other projects in Canada’s North include the Wishbone Greenstone Belt, a series of 95 mining claims that cover a VMS district-scale land package over the prospective extension of the Hackett River Greenstone belt. It also holds a silver royalty on Hackett River, 45 km west of the Back River project. Sabina is entitled to receive 22.5% of silver production up to the first 190 million oz. produced and 12.5% of all silver produced thereafter.

Sabina also has three inactive projects in the Red Lake area of Ontario: Golden Sidewalk; Skinner;

Its other primary assets include the Gramalote gold project in Colombia and the Kiaka gold project in Burkina Faso.

Last year, the company sold its La Libertad and El Limon mines and its Pavon gold project in Nicaragua to Calibre Mining. (B2Gold now owns about 34% of Calibre Mining.) Other 2019 highlights include a decision to proceed with an expansion project at its Fekola mine to 7.5 million tonnes per year, a 1.5 million tonne per year increase, and the approval of an offgrid grid solar plant for the mine.

The solar plant will be one of the largest off-grid hybrid-solar/heavy fuel oil (HFO) plants in the world, with a 30-megawatt solar component combined with 64 MW of HFO and diesel generating capacity.

In 2019, B2Gold reported record consolidated production of 969,495 oz. gold at cash operating costs of US$519 per oz. sold and AISCs of US$862 per oz. sold. The company generated cash flow of US$492 million and posted net income attributable to shareholders of US$293 million.

zinc, with two operating mines in the U.S. and Peru, and owns one of the world’s largest fully integrated zinc and lead smelting and refining facilities in Canada. It also has an interest in the Fort Hills oil sands mine in Alberta.

Its steelmaking coal operations include Cardinal River, Fording River, Greenhills, Line Creek and Elkview.

Its copper portfolio includes Highland Valley Copper, Antamina, Quebrada Blanca and Carmen de Andacollo. Its zinc assets are Red Dog and Trail and energy assets Fort Hills.

Last year, the Vancouver-headquartered company posted revenues of $11.9 billion and cash flow from operations of $3.5 billion. Adjusted EBITDA came in at $4.3 billion with adjusted profit attributable to shareholders of $1.6 billion. Teck returned $111 million in cash to shareholders through dividends last year and announced $600 million in share buybacks, of which about $393 million were completed in the calendar year.

Teck ended the year with $1 billion in cash and $6.2 billion of liquidity.

8. TECK RESOURCES Market cap: US$5.29 billion Teck Resources (TSX: TECK.B; NYSE: TECK) is focused on steelmaking coal, copper, zinc and energy and owns or has interests in 11 operating mines, a large metallurgical complex and several major development projects in the Americas. It is the world’s second-largest seaborne exporter of steelmaking coal with five operations in Western Canada and is a significant copper producer in the Americas, with four operating mines in Canada, Chile and Peru and copper development projects in North and South America. Teck is also one of the world’s largest producers of mined

9. YAMANA GOLD Market cap: US$5.04 billion Yamana Gold (TSX: YRI; NYSE: AUY) has assets in Canada, Brazil, Chile, and Argentina. It owns 50% of the Canadian Malartic open-pit gold mine in Quebec; 100% of the Jacobina underground mine complex in Brazil; 100% of the El Penon underground silver-gold mine and 100% of the Mineral Florida underground goldsilver mines in Chile; and 100% of the Cerro Moro open-pit/underground mine in Argentina. In addition, it owns the Agua Rica copper-goldsilver and molybdenum project in Argentina. The company has consistently paid dividends since

and Redaurum.

The company closed a $55 million bought deal financing in early June.

is open for expansion at depth and along strike. The company’s 47 sq. km land position hosts two pastproducing mines, the Madsen Red Lake mine and the Starratt-Olsen mine, which together produced about 2.6 million ounces. The project is 15 km from Evolution Mining’s Red Lake underground mine.

Investors in Pure Gold Mining include Eric Sprott, Rob McEwen, Newmont and AngloGold Ashanti.

9. Pure Gold Mining Market cap: US$424.98 million Pure Gold Mining’s (TSXV: PGM; LSE: PUR) flagship asset is its Red Lake mine project, which contains indicated resources of 7.2 million tonnes grading 8.9 grams gold per tonne for 2.06 million contained oz. gold and inferred resources of 1.9 million tonnes grading 7.7 grams gold per tonne for 467,000 ounces.

The company completed a feasibility study on the project in February 2019, which outlined an 800 tonne-per-day underground mining operation with a 12-year mine life.

In May, Pure Gold said the project is on schedule to pour first gold in the fourth quarter of the year. The company says the orebody is situated within a 7-km-long gold system that

10. Wallbridge Mining Market cap: US$400.71 million Wallbridge Mining (TSX: WM) is advancing its flagship Fenelon gold project, 75 km west-northwest of the town of Matagami in northwestern Quebec and 80 km east of Kirkland Lake Gold’s Detour mine. Wallbridge acquired the Fenelon project in 2016, and hopes to complete a maiden resource estimate on the project by 2021.

In May 2020, Wallbridge com-

10. CAMECO Market cap: US$4.01 billion Cameco’s (TSX: CCO; NYSE: CCJ) operations and investments span the nuclear fuel cycle, from exploration to fuel manufacturing. The company is one of the world’s largest uranium producers with assets on three continents. It sells uranium and fuel services to nuclear utilities in 12 countries, with sales commitments to supply about 130 million lb. U3O8 and over 36 million kilograms of UF6 conversion services. Its uranium operations include Cigar Lake, McArthur River/ Key Lake and Rabbit Lake in northern Saskatchewan; Inkai in Kazakhstan; and Smith Ranch-Highland in Wyoming and Crow Butte in Nebraska.

Its advanced projects include Millennium in northern Saskatchewan and Kintyre and Yeelirrie in Western Australia.

In its fuel services division, it owns the Blind River refinery, the world’s largest uranium refinery; the Port Hope Conversion facility, one of only four commercial suppliers in the western world of uranium hexafluoride (UF6), which is exported to be enriched for use in light water reactors; and Cameco Fuel Manufacturing, the largest Canada-based supplier of components for CANDU reactors.

Last year, with many of its uranium mine operations on care and maintenance, it produced 9 million lb. U3O8 and generated $527 million in cash from operations and posted net earnings attributable to shareholders of U$74 million. (Its suspension of McArthur River/Key Lake alone removed 18 billion lb. per year of U3O8 from the market.)

Highlights from 2019 include the signing of a binding agreement to increase its interest in Global Laser Enrichment (GLE) from 24% to 49%.

GLE is testing a third-generation enrichment technology that, if successful, will use lasers to commercially enrich uranium. TNM

pleted the strategic acquisition of Balmoral Resources in an all-share deal worth $110 million and now controls a district-scale land position along the Detour Fenelon gold trend. With the Balmoral acquisition, Wallbridge increased its land position from 10.5 sq. km to 739 sq. km along the eastern extension of the Sunday Lake Deformation Zone, a major east-west structure in the northern Abitibi greenstone belt, which hosts the Detour Lake mine. Balmoral’s flagship asset was the Detour Gold Trend project, which hosts the resource-stage Bug and Martiniere West gold deposits and the Grasset nickel-copper-PGE deposit in Quebec, 90 km east of the Detour Lake gold mine.

Wallbridge also has an interest in a large portfolio of nickel-copper-platinum group metal (PGM) projects in the Sudbury Basin of Ontario through its 16.5% ownership of privately held Loncan Canada.TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 6–JULY 12, 2020

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WWW.NORTHERNMINER.COM

JULY 6–JULY 12, 2020 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / JUNE 22 – JUNE 26 The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week.

The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index climbed 2.25% to 89.36. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per oz., and the S&P/TSX Global Gold Index rose 5.73% to 334.47.

Shares of Endeavour Mining climbed $2.47 to $33.12. Canadian regulators gave the go-ahead for Endeavour to acquire Semafo. Regulators determined there was no need for a national security review of the deal, announced in March this year. The boards of both companies and Endeavour’s shareholders had already approved the business combination, expected to close on or around July 1. The transaction brings together six mines with strong cash flow into one portfolio. It also allows for the optimization of assets and pipeline growth. The combined gold miner will have an estimated annual production of 1 million oz. per year.

The companies began a dialogue last year to evaluate the merits of a business combination, but were unable to reach a deal. Talks resumed earlier this year.

Barrick Gold rose $2.11 to $35.36. The gold miner struck an expanded joint-venture agreement with Loncor Resources over two permits held by a Loncor subsidiary within the Ngayu gold belt in the Democratic Republic of the Congo. The terms of the new joint-venture

are similar to Loncor’s ongoing joint-venture agreement with Barrick that covers over 1,894 sq. km of ground in the Ngayu gold belt, 220 km from the Kibali gold mine operated by Barrick.

Under the terms of the new agreement, Barrick will manage and fund all exploration on the JV permit properties until the completion of a prefeasibility study.

In other news, Barrick announced it has started exploration and fieldwork at Precipitate Gold’s Pueblo Grande project, which is adjacent to Barrick’s Pueblo Viejo gold-silver mine in the Dominican Republic. Barrick has started reviewing and validating an extensive database of field and desktop analytics, including historic drill results and existing geochemical and geophysical data from work conducted by Precipitate Gold and prior operators.

Shares of SSR Mining advanced $1.81 to TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Freegold Vent Kinross Gold B2Gold Corp Barrick Gold Nutrien Yamana Gold First Quantum New Gold Lundin Mng

SU FVL K BTO ABX NTR YRI FM NGD LUN

41595 33631 30666 23677 22003 16725 15401 15160 12629 10609

23.99 1.41 9.49 7.45 35.61 48.83 7.27 10.27 1.84 7.02

WEEK LOW CLOSE CHANGE

22.02 22.28 - 0.92 0.74 1.24 + 0.44 8.87 9.43 + 0.74 7.05 7.38 + 0.29 33.92 35.36 + 2.11 44.81 45.10 - 3.52 6.83 7.13 + 0.27 9.08 9.89 + 0.60 1.55 1.84 + 0.33 6.58 6.99 + 0.41

$27.54. Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended that shareholders vote in favour of the proposed merger of SSR Mining and Alacer Gold. The proposed at-market merger of equals “appears to make strategic sense as it will result in the creation of a diversified gold producer with an experienced management team,” ISS reported.

Freegold Ventures jumped 55% to $1.24 per share – prompting the company to issue

a news release stating that it was unaware of any material, undisclosed information that would account for the increase in the price of its shares or level of trading volume. In June, the company announced that drilling had recommenced on its Golden Summit project near Fairbanks in Alaska. It plans to complete a drill hole that was shut down at 165 metres in March due to Covid-19. Its Phase 1 program will include about 15 to 20 holes in a 10,000-metre program. TNM

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Freegold Vent Aura Minerals Mandalay Res Alio Gold Sierra Metals China Gold Int Nighthawk Gold Argonaut Gold Scandium Intl New Gold Fission Uran General Moly Northcliff Res Potash Ridge NextSource Mat Fortune Mnrls PolyMet Mng Xanadu Mines Laramide Res Sherritt Intl

FVL ORA MND ALO SMT CGG NHK AR SCY NGD FCU GMO NCF SOP NEXT FT POM XAM LAM S

TSX GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

33631 1.41 0.74 1.24 26 177.00 125.00 163.50 1763 1.97 1.45 1.90 2224 1.63 1.28 1.63 1236 3.67 1.39 1.80 3054 0.78 0.58 0.71 980 2.14 1.70 2.14 5922 2.44 1.94 2.44 425 0.14 0.10 0.14 12629 1.84 1.55 1.84 3219 0.30 0.22 0.22 9 0.34 0.29 0.29 5031 0.03 0.02 0.03 2278 0.04 0.03 0.03 544 0.04 0.04 0.04 612 0.08 0.07 0.07 310 0.62 0.50 0.52 529 0.04 0.04 0.04 670 0.24 0.21 0.22 1126 0.13 0.11 0.12

+ + + + + + + + + + -

55.0 34.0 33.8 33.6 28.6 26.8 26.6 25.1 22.7 21.9 29.5 20.8 16.7 16.7 12.5 12.5 11.9 11.1 10.4 8.0

VOLUME (000s)

Aura Minerals Franco-Nevada Newmont Corp Agnico Eagle Ero Copper Pan Am Silver Endeavour Mng Barrick Gold SSR Mining Teranga Gold Nutrien Suncor Energy Cameco Corp Teck Res Pretium Res Lithium Amer Teck Res Energy Fuels Gran Colombia Fission Uran

ORA FNV NGT AEM ERO PAAS EDV ABX SSRM TGZ NTR SU CCO TECK.A PVG LAC TECK.B EFR GCM FCU

26 3203 579 4118 741 3194 2730 22003 2299 2691 16725 41595 5671 7 3148 785 9904 1265 1704 3219

WEEK CLOSE

CHANGE

163.50 187.62 81.05 84.09 19.05 39.02 33.12 35.36 27.54 12.01 45.10 22.28 13.52 15.25 11.09 5.88 13.48 1.98 6.63 0.22

+ 41.50 + 8.63 + 3.70 + 3.59 + 2.59 + 2.55 + 2.47 + 2.11 + 1.81 + 1.57 - 3.52 - 0.92 - 0.69 - 0.53 - 0.34 - 0.28 - 0.16 - 0.15 - 0.14 - 0.09

TSX VENTURE EXCHANGE / JUNE 22 – JUNE 26 The S&P/TSX Venture Composite Index rose 5.56% to finish the trading week at 598.74. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce.

Great Bear Resources topped the list of value gains, rising $2.73 to $18.43 per share. The junior recently announced it had intersected a new Red Lake-style gold-bearing zone it has named Arrow, about 1 km west of its Hinge zone, at its flagship Dixie project in Ontario.

Drill hole REG-002 returned three gold-bearing zones along 436 metres of core, including 15 metres of 3 grams gold per tonne starting at 452 metres, with visible gold in quartz veins.

Great Bear says these veins feature the same alteration style as the Hinge Zone and Evolution Mining’s Red Lake mine.

Shares of Pure Gold Mining climbed 38¢ to $1.73. The company announced that its Red Lake mine is expected to pour its first gold in the fourth quarter of this year as development progresses ahead of schedule. The company has purchased 95% of the major equipment items for the site and completed 1,285 metres of underground development at an advance rate that is 60% ahead of the mine plan. A new gravity circuit is scheduled to arrive in July and a new ball mill in August. Construction at the Red

Lake mine started at the end of 2019.

Gold X Mining’s shares increased 76¢ to $3.59. The company announced that Ivanhoe Mines founder Robert Friedland had joined its board as non-executive chairman. Current chairman and CEO Paul Matysek will remain on the board and continue to serve as CEO. “Paul and I had the pleasure to work together very successfully at Potash One, where I was the chairman, and which we sold in a friendly transaction for $434 million cash in 2011.

Paul’s team is now developing an important gold project in Guyana, a beautiful country of which I am very fond and with which I have had a long experience,” Friedland said in a press TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

AbraPlata Res American Creek Golden Goliath Gold Finder Ex Uragold Bay Rs Banyan Gold Fuse Cobalt Vizsla Res Sphinx Res Leeta Gold

ABRA AMK GNG VENZ HPQ BYN FUSE VZLA SFX HIVE

13306 12680 12351 11918 11542 11059 10809 9916 8079 7856

0.20 0.27 0.20 0.12 0.25 0.21 0.14 0.87 0.02 0.37

WEEK LOW CLOSE CHANGE

0.13 0.14 0.09 0.08 0.17 0.13 0.08 0.44 0.01 0.30

0.17 0.25 0.18 0.11 0.21 0.20 0.10 0.79 0.02 0.32

+ + + + + + + + + -

0.04 0.11 0.09 0.03 0.05 0.08 0.02 0.37 0.01 0.01

release. Gold X is developing the Toroparu gold project in the Upper Puruni River Region of western Guyana.

Caldas Gold’s shares rose 52¢ to $2.52. The company announced a US$110 million streaming transaction with Wheaton Precious Metals to expand operations at the Marmato project in Colombia. The proceeds will be used to fund

the expansion of Caldas’ mining operations in the Deep Zone. Under the agreement, Wheaton will purchase 6.5% of the gold production and 100% of the silver production until 190,000 oz. gold and 2.15 million oz. silver have been delivered, after which the stream drops to 3.25% of the gold production and 50% of the silver production for the life of mine. TNM TSX-V GREATEST VALUE CHANGE

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

Candelaria Mg Balto Res Ashanti Sanko Sonora Gld & S Strikepoint Gd District Cop Golden Goliath Vizsla Res Q-Gold Res Glacier Lake Phoenix Gold Buffalo Coal Jourdan Res Noble Metal Adex Mining Kilo Goldmines New Stratus Boundary Gold Aurex Energy Mazarin

CAND BAL.H ASI SOC SKP DCOP GNG VZLA QGR GLI PXA BUF JOR NMG.H ADE KGL NSE BDGC AURX MAZ.H

248 201 920 1117 2908 1322 12351 9916 129 145 133 533 320 7 2375 6605 42 375 649 52

0.38 0.11 0.04 0.03 0.10 0.01 0.20 0.87 0.30 0.19 0.04 0.01 0.01 0.01 0.01 0.02 0.05 0.03 0.05 0.18

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.14 0.04 0.02 0.02 0.00 0.01 0.09 0.44 0.20 0.12 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.02 0.03 0.12

0.37 0.11 0.04 0.03 0.10 0.01 0.18 0.79 0.25 0.19 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.02 0.03 0.12

+ 184.6 + 162.5 + 100.0 + 100.0 + 100.0 + 100.0 + 100.0 + 85.9 + 85.2 + 76.2 - 75.0 - 50.0 - 50.0 - 50.0 - 50.0 - 50.0 - 40.0 - 40.0 - 33.3 - 33.3

Great Bear Res Fosterville Chesapeake Gld Amex Expl Gold X Mining Caldas Gold Azimut Explor Pure Gold Mg New Pac Metals Vizsla Res Universal Vent Metalla Rylty Metalore Res Pac Booker Min Angus Ventures Abitibi Royal Golden Secret Till Capital Graphite One Essex Minerals

GBR FSX CKG AMX GLDX CGC AZM PGM NUAG VZLA MCLD MTA MET BKM GUS RZZ TBRD TIL GPH ESX

WEEK CLOSE

1359 18.43 2654 4.20 254 4.30 1839 2.42 866 3.59 335 2.52 547 2.55 6141 1.73 434 5.25 9916 0.79 220 3.55 577 7.31 2 2.00 21 2.20 187 0.55 14 22.14 120 1.28 4 2.04 171 0.45 53 0.35

CHANGE

+ + + + + + + + + + -

2.73 1.37 0.80 0.77 0.76 0.52 0.40 0.38 0.37 0.37 0.49 0.45 0.25 0.21 0.16 0.16 0.15 0.12 0.11 0.10

U.S. MARKETS / JUNE 22 – JUNE 26 A surge in coronavirus cases in parts of the United States undermined market sentiment.

The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the S&P 500 dropped 2.86% to 3,009.05. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce.

Shares of Newmont climbed US$2.42 to US$59.34. The company announced it was ranked 13th overall in 3BL Media’s (formerly Corporate Responsibility Magazine’s) 100 Best Corporate Citizens list for 2020, moving up from 20th spot on last year’s list. Newmont was the sole mining company in the top 20 and one of only two miners to make the 21st annual list. 3BL Media’s 100 Best Corporate Citizens methodology ranks the 1,000 largest, publicly traded U.S. companies on environmental, social and governance (ESG) transparency and performance.

Rio Tinto’s shares rose US78¢ to US$55.80.

Rio Tinto has launched a board-level review of its heritage management processes within its iron ore division after blowing up a 46,000-yearold sacred indigenous site while carrying out work to expand its iron ore operation in Australia’s Pilbara region. The company destroyed two ancient caves in Juukan Gorge, about 1,075 km north of Perth. The review will appraise Rio Tinto’s internal heritage standards, procedures, reporting and governance, and will examine

the company’s relationship and communications with the Puutu Kurrama and Pinkura people. In other news, Rio Tinto announced that it has started exploration at Forum Energy Metals’ Janice Lake sedimentary copper-silver project in northern Saskatchewan. The major is earning up to an 80% interest in the project from Forum, which has optioned the property from Transition Metals. The project is about 55 km southeast of Key Lake.

Shares of Harmony Gold increased 9.8% to US$3.60. The company announced it had raised US$200 million from a planned shares placement to partly fund its acquisition of AngloGold Ashanti’s assets in South Africa.

The gold producer issued more than 60 million U.S. MOST ACTIVE ISSUES VOLUME (000s) HIGH

United States S* X 117737 8.44 Vale* VALE 110761 10.98 Freeport McMoR* FCX90242 0.29 Kinross Gold* KGC 89327 7.00 Yamana Gold* AUY 81654 5.38 Barrick Gold* GOLD 75403 26.25 Newmont Corp* NEM 58949 60.09 Alcoa* AA 51001 12.31 Hecla Mining* HL 42623 3.16 Chevron Corp* CVX 41609 93.09

WEEK LOW CLOSE CHANGE

7.13 7.16 - 0.95 10.12 10.19 - 0.12 11.23 10.4410.79+ 6.50 5.01 25.01 57.47 10.86 2.85 86.18

6.88 5.21 25.87 59.34 10.93 2.96 86.46

+ + + + + -

0.48 0.18 1.38 2.42 0.55 0.11 4.17

new ordinary shares at a price of 57.70 rand on June 24. Harmony said it represented about 11% of its issued ordinary share capital before the placement. The company agreed earlier this year to buy AngloGold’s Mponeng mine, as well as its Mine Waste Solutions assets for US$300 million.

Vale was among the most heavily traded stocks of the week, falling US12¢ to US$10.19.

The company announced plans to resume operations at its Voisey’s Bay mine in Labrador in early July, and said it expects the mine to reach full capacity by early August. Vale said it is partnering with a private testing lab in Newfoundland and Labrador to provide extensive testing of all employees entering the site in order to identify and stop the spread of any potential Covid-19 cases. TNM

U.S. GREATEST PERCENTAGE CHANGE Nexa Resources* DRDGOLD* Endeavr Silver* Fortuna Silvr* AngloGold Ash* Sandstorm Gold* Harmony Gold* Gold Fields* Alamos Gold* McEwen Mng* CONSOL Energy* CONSOL Energy* Intrepid Pots* United States S* NACCO Ind* Nutrien* Mosaic* Cleveland-Clif* Lithium Amer* Arch Coal*

NEXA DRD EXK FSM AU SAND HMY GFI AGI MUX CEIX CNX IPI X NC NTR MOS CLF LAC ARCH

VOLUME (000s) HIGH

356 5498 19358 24645 15065 14487 36536 39418 16779 17826 3557 18106 4220 117737 158 7734 18501 39546 2007 2339

6.75 15.38 2.17 4.99 29.31 9.50 3.66 9.20 8.78 0.98 6.25 9.83 1.15 8.44 24.20 36.13 13.30 5.87 4.79 31.17

U.S. GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

5.08 12.91 1.82 4.32 26.75 8.70 3.28 8.45 8.11 0.89 5.07 8.18 0.95 7.13 21.01 32.75 11.68 5.25 4.25 28.16

6.66 15.12 2.14 4.75 28.63 9.35 3.60 8.92 8.73 0.97 5.11 8.33 0.98 7.16 21.25 33.03 12.08 5.29 4.30 29.21

+ + + + + + + + + + -

20.4 19.5 18.9 12.0 10.1 10.0 9.8 9.7 9.3 8.9 16.0 15.1 15.0 11.7 10.2 7.4 6.4 5.5 5.3 5.2

VOLUME (000s)

Franco-Nevada* FNV AngloGold Ash* AU DRDGOLD* DRD Newmont Corp* NEM Agnico Eagle* AEM Barrick Gold* GOLD Nexa Resources* NEXA Sandstorm Gold* SAND Gold Fields* GFI Rio Tinto* RIO MartinMarietta* MLM Chevron Corp* CVX Nutrien* NTR NACCO Ind* NC Arch Coal* ARCH CONSOL Energy* CNX Black Hills* BKH CONSOL Energy* CEIX United States S* X Mosaic* MOS

4427 15065 5498 58949 6386 75403 356 14487 39418 9603 3209 41609 7734 158 2339 18106 2181 3557 117737 18501

WEEK CLOSE

137.24 28.63 15.12 59.34 61.51 25.87 6.66 9.35 8.92 55.80 202.79 86.46 33.03 21.25 29.21 8.33 53.03 5.11 7.16 12.08

CHANGE

+ + + + + + + + + + -

5.52 2.62 2.47 2.42 2.32 1.38 1.13 0.85 0.79 0.78 8.23 4.17 2.65 2.42 1.60 1.48 1.36 0.97 0.95 0.82

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / JULY 6–JULY 12, 2020

1 9

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 LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 25 2020 (change from June 18, 2020 in brackets): Aluminium Alloy 6840 (0) Aluminium 1637750 (+27450) Copper 225650 (-17600) Lead 72150 (-2975) Nickel 233586 (+312) Tin 3585 (+585) Zinc 123275 (-1025)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$56.90 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.75 Cobalt: US$12.93/lb.

Copper: US$2.67/lb.

Copper: CME Group Futures July 2020: US$2.67/lb.; August 2020: US$2.69/lb Iridium: NY Dealer Mid-mkt US$1,640.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$104.40 Lead: US$0.81/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$8,000.00 tr. oz.

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

Silver: Handy & Harman Base: US$17.80 per oz.; Handy & Harman Fabricated: US$22.25 per oz.

Tin: US$7.58/lb.

Uranium: U3O8, Trade Tech spot price: US$33.25 per lb.U 308 Zinc: US$0.92/lb.

Prices current June 29, 2020

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry 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 Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry 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 Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

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

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

Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share.

Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share.

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share.

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

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

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

Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share.

Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit.

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

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 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 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per

Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

Jun 26 15188.98 598.74 915.65 334.04 274.69

Jun 25 15446.14 595.96 932.27 331.48 274.69

Jun 24 15294.38 584.79 921.79 328.20 272.65

Jun 23 15564.75 586.84 937.54 331.90 277.26

Jun 22 15516.90 577.44 935.25 327.20 273.38

High 17970.51 601.37 1070.48 371.89 302.03

Low 11172.73 330.65 683.81 173.42 140.55

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Jun 15, 2020 (with changes from May 31, 2020) Largest short positions Suncor Energy SU 16012259 285073 5/31/2020 Barrick Gold ABX 15165905 2238143 5/31/2020 New Gold NGD 15091957 -955196 5/31/2020 Ivanhoe Mines IVN 13448049 -180397 5/31/2020 Yamana Gold YRI 12379343 -4945750 5/31/2020 Teck Res TECK.B 12173525 297550 5/31/2020 Premier Gold M PG 12093930 -604264 5/31/2020 Nexgen Energy NXE 11992242 -364294 5/31/2020 Kinross Gold K 11377796 -714140 5/31/2020 Fortuna Silvr FVI 9567388 -73367 5/31/2020 First Quantum FM 9102567 103642 5/31/2020 Argonaut Gold AR 8154199 763258 5/31/2020 OceanaGold OGC 8062393 -1033834 5/31/2020 Wheaton Prec M WPM 7935238 -708245 5/31/2020 IAMGOLD IMG 7671652 -677277 5/31/2020 Largest increase in short position Guyana Gldflds GUY 6519081 2467467 5/31/2020 Barrick Gold ABX 15165905 2238143 5/31/2020 Osisko Mng Inc OSK 3401481 1332700 5/31/2020 China Gold Int CGG 1850372 1269210 5/31/2020 Equinox Gold EQX 5893351 1190860 5/31/2020 Largest decrease in short position Trevali Mng TV 6832827 -6526362 5/31/2020 Silvercorp Met SVM 5646971 -6012342 5/31/2020 Sabina Gd&Slvr SBB 1175932 -5701447 5/31/2020 Yamana Gold YRI 12379343 -4945750 5/31/2020 B2Gold Corp BTO 6319244 -3771657 5/31/2020

Short positions outstanding as of Jun 15, 2020 (with changes from May 31, 2020) Largest short positions QMX Gold QMX 2383600 2332517 5/31/2020 New Pac Metals NUAG 1991317 -862115 5/31/2020 Discovery Met DSV 1926677 194953 5/31/2020 Minaurum Gold MGG 1858609 187708 5/31/2020 Ely Gold Royal ELY 1590582 187184 5/31/2020 Aurcana Corp AUN 1414303 129808 5/31/2020 Leeta Gold HIVE 1183727 498182 5/31/2020 Gold Rush Cari GDBO 1179765 1179192 5/31/2020 Galleon Gold GGO 1154180 980020 5/31/2020 Vizsla Res VZLA 1129849 -201362 5/31/2020 Millrock Res MRO 1120051 1074079 5/31/2020 Great Bear Res GBR 1119854 349346 5/31/2020 Metalla Rylty MTA 854199 -92631 5/31/2020 Aztec Minerals AZT 825791 808975 5/31/2020 Santacruz Silv SCZ 806610 728840 5/31/2020 Largest increase in short position QMX Gold QMX 2383600 2332517 5/31/2020 Gold Rush Cari GDBO 1179765 1179192 5/31/2020 Millrock Res MRO 1120051 1074079 5/31/2020 Galleon Gold GGO 1154180 980020 5/31/2020 Aztec Minerals AZT 825791 808975 5/31/2020 Largest decrease in short position Conic Metals NKL 48288 -3877376 5/31/2020 Vangold Res VGLD 224300 -1048943 5/31/2020 Rio2 Limited RIO 646939 -1030451 5/31/2020 Pistol Bay Mng PST 58493 -951335 5/31/2020 New Pac Metals NUAG 1991317 -862115 5/31/2020

DAILY METAL PRICES Date June 26 June 25 June 24 June 23 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1214/1210 1214/1210 1214/1210 1214/1210 Aluminum 1582/1597.50 1543.50/1663.50 1577.50/1598 1665.50/1592.50 Copper 5985.50/5984.50 5880.50/5888 5895/5909 5680.50/5704 Lead 1778/1787.50 1775.50/1789 1744/1761.50 1726/1747 Nickel 12709/12751 12386/12437 12541/12592 12804/12879 Tin 16990/16799 16720/16610 17095/16900 16930/16730 Zinc 2057/2067.50 2029/2036.50 2052/2057.50 2002/2012 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1762.10 1758.55 1775.70 Gold PM 1747.60 1756.55 1766.05 Silver 17.83 17.53 17.86 Platinum 799.00 797.00 811.00 Palladium 1847.00 1836.00 1910.00

1756.60 1768.90 17.81 822.00 1930.00

June 22 1214/1210 1573/1590.50 5825/5846 1763.50/1778.59 12625/12692 16930/16822 2070/2067

1745.45 1716.85 17.86 820.00 1894.00

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

Jun 26 1.3636 0.7334

Jun 25 1.3636 0.7334

Exchange rates (Quote Media, June 26, 2020) C$ to AUS C$ to EURO 1.0645 0.6535 C$ to UK Pound C$ to China Yuan 0.5904 5.1927 US to AUS US to EURO 1.4515 0.8912 US to UK Pound US to China Yuan 0.8050 7.0782

Jun 24 1.3644 0.7329

Jun 23 1.3553 0.7378

C$ to YEN 78.5955 C$ to India Rupee 55.3932 US to YEN 107.1715 US to India Rupee 75.5400

Jun 22 1.3513 0.7400

C$ to Mex Peso 16.6394 C$ to Swiss Franc 0.6953 US to Mex Peso 22.6800 US to Swiss Franc 0.9481

C$ to SA Rand 12.5854 C$ to S. Korea Won 881.4399 US to SA Rand 17.1448 US to S. Korea Won 1202.5200

GLOBAL MINING NEWS · SINCE 1915

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

share.

Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share.

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

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share.

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 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share.

Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS JUNE 22-JUNE 26, 2020 CANEX Metals Canstar Res Cardinal Res Cardinal Res* Cartier Res Cartier Res* Cassius Vents Centerra Gold Central Tim Ex Cerro Mng Colonial Coal Comstock Mng* Comstock Mtls * Condor Gold* Condor Res Condor Res* Confedertn Ml* Confedertn Mls Coral Gold Coral Gold * Cypress Dev Cypress Dev* Deep-South Res* Desert Mtn Egy Discovery Met Discovery Met* Dolly Vard Sil Dolly Vard Sil* Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt DV Resources DV Resources* Dynasty Gold* El Nino Vent Eloro Res Eloro Res* EMX Royalty EMX Royalty* Endeavour Mng* Endurance Gold* Equinox Gold Equinox Gold* Erdene Res Dev Essex Minerals Falco Res Falco Res * Falcon Gold Far Res Far Res* FenixOro Gold Fidelity Min

294 New Highs Abitibi Royal* AbraPlata Res AbraPlata Res* Adamera Min Adamera Min* Adventus Adventus* AEX Gold Alamos Gold* Aldever Res* Alio Gold Alio Gold* Allegiant Gold Alpha Lithium Alpha Lithium* Altum Resource Altum Resource* Altus Strat* American Creek American Creek* American Lith American Lith* American Pac Amex Expl Amex Expl* Amseco Expl Angel Gold* AngloGold Ash* Antler Gold * Apollo Gold Arcus Dev Grp* Argo Gold Aura Minerals Aura Minerals* Azimut Explor Azimut Explor* Bankers Cobalt Bankers Cobalt* Banyan Gold Banyan Gold* Bell Copper* BeMetals Benchmark Met Benz Mining Brigadier Gold* BrightRock* Caldas Gold Caldas Gold* Canarc Res Canarc Res* Candelaria Mg Candelaria Mg*

First Mg Fin * Fortuna Silvr Fortuna Silvr* Fosterville Freegold Vent Freeman Gold Fuse Cobalt Fuse Cobalt* G2 Goldfields G2 Goldfields* Galway Gold Galway Gold * Galway Mtls Galway Mtls* Glacier Lake* Globex Mng Globex Mng* GoGold Res Gold Fields* Gold Finder Ex Gold Finder Ex* Gold X Mining Golden Goliath Golden Goliath* Golden Harp Golden Harp* Golden Tag Golden Valley Golden Valley* Goldstar Mnls* GR Silver GR Silver* Grande Portage Grande Portage* Granite Creek Gratomic Gratomic* Great Bear Res Great Bear Res* Greatbanks Re Green Valley M Greencastle Rs Grizzly Discvr Grizzly Discvr* GT Gold GT Gold * Harfang Explor Harvest Gold* Infinite Ore Integra Res Integra Res* Jaguar Mng Jaguar Mng*

JNC Resources Kesselrun Res Kesselrun Res* Komet Resource Kore Mining Kore Mining * Labrador Gold Labrador Gold* Lara Expl Liberty Gold* Lucky Min* Lumina Gold Magna Gold Magna Gold* Makara Mining Mako Mining Mako Mining* Marathon Gold Marimaca Cop* Metallic Mnrls Metallic Mnrls* Minera Alamos Minera Alamos * Minera IRL* Minnova Corp Monarch Gold Monarch Gold* Mountain Boy Mountain Boy* New Placer* New World Res* NKWE Platinum* Noka Res* Norsemont Cap Norsemont Cap* NQ Minerals Pl* Nrthn Lion* Nthn Dynasty* Nubian Res NxGold Ltd* Oceanus Res* Omineca Mining Omineca Mining* Ord Mountain Orestone Mng Origin Gold Osino Res Pacton Gold Palayan Res* Pinecrest Res Portofino Res Prime Mining Prime Mining*

Pure Gold Mg Pure Gold Mg* Q-Gold Res Quadro Res Quaterra Res Quaterra Res* Raindrop Vent Reyna Silver* Roughrider Exp Roxgold Roxgold* RTG Mining* Rubicon Mnrls Rubicon Mnrls* Running Fox Rs Rupert Res Rupert Res* San Gold Corp* Sandspring Res* Sandstorm Gold Sandstorm Gold* Scottie Res Scottie Res* Sentinel Res Sidney Resrces* Sierra Metals Sierra Metals* Silver Dollar Silver Fields* Silver Range* Silverore Mns* Skeena Res Skeena Res* Sokoman Min Sokoman Min* Southern Emp Sparton Res Spruce Ridge R Starr Peak Exp Starr Peak Exp* Steppe Gold Strategic Metl Strategic Metl* Summa Silver Supreme Metal* Supreme Metals Surge Copper * Tajiri Res Tembo Gold Tembo Gold* Teranga Gold Teranga Gold* Teuton Res

Teuton Res* Tower Res Tower Res* Treasury Metal Treasury Metal* Tri Origin Exp Trifecta Gold Trinity Valley* Tudor Gold Tudor Gold * Turmalina Met Turmalina Met* Unigold Unigold* Uragold Bay Rs Vangold Res* Victoria Gold Victoria Gold* Victory Res Visible Gold M Visible Gold M* Vision Lithium Vision Lithium* Volcanic Gold Volcanic Gold* Waseco Res West Red Lake West Red Lake* WestMountain* Zadar Ventures* 17 New Lows American Uran Archon Mineral* Clean Air Met Cornerstone Ca Gold Lion Res* Grenville Gold* Idaho Champion* Intl Star* Marifil Mines* Meryllion Res NACCO Ind* Olivut Res* Phoenix Gold Purepoint Uran Temas Res Tonopah Div Mg* Victory Res*

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

Jun 26 ($) 75.94 75.71 16.10

71.18

58.70 54.68

Jun 19 ($) 27.03 71.61 71.15 15.23 11.84 30.95 32.90 13.94 19.76 66.56 20.05 51.02 7.55 54.88 49.73 51.77

Change ($) 1.98 4.32 4.57 0.86 1.25 2.14 2.46 1.25 1.52 4.61 1.39 4.67 0.81 3.83 3.40 2.91

Change (%) 7.58 6.04 6.42 5.67 10.93 7.14 7.74 9.30 7.95 6.93 7.14 9.43 11.05 6.97 7.02 5.62

YTDChange (%) 22.23 19.53 19.83 27.13 30.21 32.61 17.33 25.36 25.94 25.70 26.22 31.53 19.96 24.80 25.58 26.46

MER (%) 2.41 0.61 0.60 2.43 2.73 0.94 0.83 2.68 0.61 2.52 2.46 3.19 2.98 2.13 2.32 2.26

TotalAssets (M$) 59.38 221.71 114.89 64.24 554.05 5.73 40.81 1287.92 78.22 36.84 456.09 252.26 159.21

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

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

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

20

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JULY 6–JULY 12, 2020 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JUNE 22–26, 2020 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 12 Exploration 1911 Gold* 1911 Gold 66 Resources Abacus Mining Abacus Mining* Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraPlata Res* AbraPlata Res Academy Metals Academy Metals* Adamera Min* Adamera Min Adex Mining Advance Gold Adventus Adventus* AEX Gold Affinity Metal* African Gold African Gold* African Min* African Rainb* Aftermath Silv* Agnico Eagle* Agnico Eagle Aguila Amer Gd Aiml Res AJN Resources Alacer Gold Alamos Gold Alamos Gold* Alaska Pac Egy* Alcoa* Aldebaran Res Aldebaran Res* Alderon Iron* Aldever Res Aldever Res* Alexandra Cap* Alexco Res Alexco Res* Algold Res Algold Res* Alianza Min Alianza Min* Alien Metals* Alio Gold Alio Gold* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining* Aloro Mining Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altius Mnrls * Altius Mnrls Alto Ventures Alto Ventures* Altum Resource* Altum Resource Altura Mining* Alturas Min Altus Strat* Altus Strat Alumina Ltd* ALX Resources* ALX Resources AM Resources Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American Lith American Lith* American Mang* American Mang American Pac American Uran AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Amex Expl* Amex Expl Amilot Capital Amilot Capital* Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angus Ventures Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antofagasta* Apex Res * Apex Res Apollo Gold Appia Energy Appia Energy* Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Coal* Archon Mineral* Archon Mineral Arctic Star* Arctic Star Arcturus Vent* Arcturus Vent Arcus Dev Grp* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Argentina Lith Argentina Lith* Argentum Silvr Argentum Silvr* Argo Gold Argo Gold* Argonaut Gold*

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

1284 310 388 107 204 126 197 242 910 4801 8 14 3678 13306 25 0 247 2118 2375 333 1452 301 132 164 792 283 166 5 1889 6386 4118 0 35 292 5481 5831 16779 1143 51001 203 230 121 5 0 1560 2982 9523 89 5 1239 148 214 2224 2892 484 484 1144 3145 1073 86 32 58 40 192 20 54 3368 6072 83 280 25 26 0 787 620 308 3000 32 154 87 199 278 183 449 562 178 1 12 134 53 34 157 7 948 67 1829 456 115 1949 12680 413 7663 9601 374 227 858 0 30 3572 2271 685 151 493 1839 9 1 74 25 329 482 82 15 103 1403 64 140 10 61 6 630 5 8 15065 187 175 325 24 330 7 13 100 1033 3112 1021 308 237 213 254 2339 1 10 25 62 18 115 24 136 353 117 44 127 146 91 450 108 340 644 81 617

0.20 0.39 0.52 0.09 0.08 0.06 0.09 0.06 0.09 0.12 16.66 22.50 0.14 0.20 0.13 0.00 0.05 0.07 0.01 0.11 1.35 0.96 1.20 0.22 0.34 0.25 0.01 10.10 0.28 63.72 86.07 0.00 0.22 0.39 8.96 12.00 8.78 0.00 12.31 0.42 0.31 0.08 0.12 0.11 0.50 3.00 2.22 0.15 0.09 0.09 0.07 0.00 1.63 1.20 0.37 0.27 0.02 3.79 0.52 0.73 0.19 0.26 0.45 0.65 0.04 0.06 0.86 0.64 0.12 0.17 0.05 0.03 0.01 0.02 0.10 0.07 0.01 0.08 0.10 7.64 10.36 0.04 0.03 0.21 0.30 0.07 0.00 0.52 0.61 4.64 0.04 0.04 0.05 0.04 0.03 0.25 0.19 0.01 0.19 0.27 0.03 1.07 0.80 0.14 0.17 0.40 0.00 0.02 2.55 3.45 0.32 0.24 1.97 2.69 0.04 0.01 0.08 0.07 0.22 0.30 0.01 0.00 0.05 0.07 0.03 0.04 0.04 0.06 23.50 12.01 2.85 0.00 29.31 0.63 0.03 0.04 0.21 0.30 11.38 0.08 0.14 0.90 0.24 0.18 0.01 0.13 0.17 0.75 31.17 0.15 0.18 0.02 0.03 0.16 0.22 0.02 0.03 0.08 0.07 0.02 0.03 0.11 0.06 0.04 0.25 0.17 0.20 0.15 1.78

0.15 0.33 0.46 0.07 0.07 0.05 0.08 0.06 0.05 0.07 0.00 21.55 0.09 0.13 0.00 0.00 0.04 0.06 0.01 0.08 1.13 0.86 0.67 0.19 0.29 0.20 0.00 10.10 0.22 60.20 82.11 0.00 0.00 0.23 8.31 11.06 8.11 0.00 10.86 0.30 0.20 0.00 0.00 0.00 0.40 2.74 1.97 0.11 0.09 0.08 0.00 0.00 1.28 0.91 0.32 0.24 0.02 3.35 0.46 0.63 0.14 0.22 0.38 0.52 0.03 0.05 0.66 0.48 0.12 0.14 0.00 0.03 0.01 0.02 0.08 0.06 0.01 0.00 0.08 6.99 10.00 0.03 0.02 0.16 0.21 0.03 0.00 0.35 0.57 4.28 0.02 0.03 0.00 0.04 0.02 0.21 0.16 0.01 0.11 0.14 0.02 0.85 0.62 0.11 0.15 0.32 0.00 0.00 2.36 3.22 0.30 0.20 1.25 1.65 0.00 0.01 0.06 0.07 0.20 0.28 0.01 0.00 0.04 0.07 0.02 0.03 0.04 0.06 0.00 11.46 2.72 0.00 26.75 0.50 0.02 0.03 0.17 0.26 0.00 0.07 0.12 0.59 0.13 0.10 0.00 0.11 0.16 0.65 28.16 0.13 0.00 0.02 0.00 0.14 0.20 0.02 0.02 0.06 0.04 0.01 0.02 0.09 0.05 0.04 0.23 0.17 0.17 0.13 1.48

0.20 + 0.34 0.46 0.07 0.07 0.05 unch 0.09 unch 0.06 0.08 + 0.11 + 16.19 22.14 0.13 + 0.17 + 0.13 0.09 + 0.04 + 0.07 + 0.01 0.10 + 1.30 + 0.96 + 0.95 + 0.19 0.29 0.22 0.00 10.10 unch 0.25 + 61.51 + 84.09 + 0.22 unch 0.22 unch 0.30 8.92 + 11.93 + 8.73 + 0.00 unch 10.93 0.31 + 0.20 unch 0.04 + 0.12 unch 0.11 + 0.41 2.90 + 2.14 + 0.15 unch 0.09 unch 0.08 0.06 0.00 1.63 + 1.20 + 0.35 + 0.26 + 0.02 unch 3.44 0.47 0.64 0.17 + 0.23 + 0.44 + 0.59 + 0.04 + 0.05 0.76 + 0.56 + 0.12 0.15 0.05 unch 0.03 unch 0.01 unch 0.02 unch 0.09 0.07 0.01 unch 0.08 0.08 7.36 10.08 + 0.04 + 0.03 + 0.21 + 0.28 + 0.06 0.01 unch 0.52 + 0.58 4.32 0.03 0.04 0.05 0.04 unch 0.03 + 0.24 unch 0.17 0.01 unch 0.19 + 0.25 + 0.03 0.96 + 0.71 + 0.12 0.17 + 0.39 + 0.02 unch 0.02 unch 2.46 + 3.38 + 0.31 0.22 1.80 + 2.42 + 0.04 + 0.01 0.07 + 0.07 unch 0.21 0.30 + 0.01 0.00 unch 0.05 + 0.07 unch 0.03 + 0.04 + 0.04 0.06 + 23.50 + 11.51 + 2.84 + 26.78 unch 28.63 + 0.55 0.03 + 0.04 + 0.21 + 0.30 + 11.38 + 0.08 unch 0.12 unch 0.74 + 0.17 0.13 0.01 0.11 0.16 unch 0.71 + 29.21 0.13 0.18 unch 0.02 unch 0.02 0.16 0.20 0.02 + 0.02 unch 0.07 0.05 0.01 0.03 unch 0.11 + 0.06 + 0.04 unch 0.25 + 0.17 unch 0.20 + 0.15 + 1.78 +

0.05 0.01 0.03 0.01 0.01 0.00 0.00 0.00 0.02 0.04 0.11 0.16 0.03 0.04 0.01 0.00 0.00 0.02 0.01 0.01 0.18 0.14 0.25 0.03 0.02 0.01 0.00 0.00 0.03 2.32 3.59 0.00 0.00 0.03 0.70 1.04 0.74 0.00 0.55 0.01 0.00 0.04 0.00 0.04 0.06 0.25 0.23 0.00 0.00 0.01 0.00 0.00 0.41 0.29 0.02 0.02 0.00 0.08 0.00 0.01 0.00 0.01 0.04 0.04 0.01 0.01 0.08 0.06 0.01 0.02 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.03 0.05 0.01 0.00 0.05 0.05 0.01 0.00 0.08 0.03 0.05 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.08 0.11 0.01 0.06 0.05 0.00 0.01 0.07 0.00 0.00 0.11 0.20 0.01 0.01 0.58 0.77 0.02 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.90 0.17 0.11 0.00 2.62 0.16 0.00 0.01 0.05 0.02 0.38 0.00 0.00 0.20 0.07 0.05 0.00 0.01 0.00 0.06 1.60 0.02 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.02 0.02 0.01 0.00 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.36

0.25 0.42 0.60 0.37 0.15 0.11 0.10 0.09 0.20 0.26 16.66 22.50 0.14 0.20 0.63 0.25 0.05 0.07 0.01 0.29 1.35 0.96 1.20 0.22 0.59 0.44 0.01 13.60 0.42 69.66 97.32 0.24 0.35 1.34 10.03 12.19 8.78 0.00 24.63 0.47 0.33 0.22 0.22 0.11 0.60 3.73 2.81 0.29 0.11 0.10 0.08 0.01 1.58 1.20 0.37 0.27 0.02 18.11 0.82 1.10 0.45 0.45 0.67 0.91 0.16 0.07 0.86 0.64 0.20 0.27 0.09 0.05 0.02 0.07 0.12 0.10 0.07 0.09 0.13 10.00 13.21 0.04 0.04 0.21 0.30 0.10 0.02 0.52 0.68 6.89 0.05 0.06 0.15 0.08 0.06 0.29 0.21 0.02 0.19 0.27 0.10 1.07 0.80 0.24 0.31 0.57 0.06 0.03 3.92 5.19 0.81 0.62 1.80 2.69 0.06 0.05 0.08 0.08 0.26 0.33 0.02 0.00 0.16 0.21 0.03 0.04 0.11 0.14 29.51 14.81 4.20 26.81 29.31 0.71 0.03 0.05 0.21 0.38 12.73 0.31 0.43 0.90 0.35 0.27 0.04 0.16 0.22 0.75 95.50 0.34 0.52 0.23 0.30 0.69 0.97 0.02 0.04 0.09 0.07 0.05 0.08 0.15 0.10 0.07 0.48 0.37 0.20 0.15 2.15

0.15 0.15 0.22 0.05 0.04 0.03 0.04 0.03 0.03 0.05 7.68 11.10 0.03 0.04 0.11 0.09 0.01 0.02 0.01 0.03 0.52 0.36 0.29 0.06 0.10 0.07 0.00 5.00 0.06 31.00 43.25 0.12 0.10 0.15 3.50 4.43 3.34 0.00 5.16 0.16 0.17 0.00 0.05 0.01 0.06 1.00 0.72 0.03 0.04 0.03 0.03 0.00 0.43 0.28 0.07 0.04 0.01 2.70 0.21 0.31 0.05 0.12 0.24 0.28 0.01 0.03 0.06 0.19 0.09 0.12 0.03 0.02 0.00 0.01 0.04 0.02 0.01 0.03 0.02 4.33 6.29 0.02 0.01 0.11 0.06 0.01 0.01 0.35 0.30 3.09 0.01 0.02 0.03 0.02 0.02 0.10 0.08 0.00 0.02 0.03 0.00 0.09 0.06 0.07 0.10 0.06 0.01 0.01 1.00 1.39 0.12 0.08 0.61 0.78 0.01 0.01 0.02 0.07 0.07 0.10 0.00 0.00 0.03 0.04 0.00 0.01 0.02 0.01 12.56 5.91 1.87 15.44 12.66 0.14 0.01 0.02 0.01 0.02 7.30 0.03 0.04 0.03 0.10 0.07 0.00 0.05 0.07 0.03 21.80 0.13 0.10 0.01 0.02 0.00 0.07 0.01 0.01 0.04 0.02 0.01 0.02 0.07 0.04 0.02 0.14 0.11 0.06 0.06 0.53

(100s) Stock

Exc Volume

Week Low

1.94 2.44 + 0.17 0.18 0.23 0.24 unch 0.09 0.10 0.13 0.13 + 0.55 0.55 unch 0.00 0.30 unch 3.27 3.40 2.40 2.46 0.03 0.03 0.04 0.05 unch 0.09 0.09 unch 0.12 0.12 + 0.82 0.84 + 0.60 0.62 0.02 0.04 + 0.23 0.37 + 0.16 0.16 unch 0.10 0.10 unch 0.00 0.15 0.10 0.11 unch 0.07 0.08 unch 0.19 0.20 unch 0.14 0.14 0.00 0.00 2.34 2.59 + 0.10 0.10 0.13 0.13 0.06 0.10 + 0.21 0.21 + 0.27 0.30 + 0.03 0.03 unch 0.02 0.02 unch 0.03 0.03 unch 0.02 0.02 unch 0.00 115.60 + 125.00 163.50 + 0.05 0.06 unch 0.04 0.04 + 0.06 0.07 unch 1.83 2.04 + 2.49 2.85 + 0.53 0.56 + 0.39 0.42 + 0.04 0.04 unch 0.05 0.06 + 0.03 0.03 0.82 0.93 + 1.11 1.28 + 0.00 0.06 unch 0.06 0.06 + 0.16 0.27 + 1.89 2.27 + 1.38 1.67 + 0.01 0.01 0.10 0.12 unch 0.09 0.12 + 0.12 0.12 unch 0.08 0.09 + 0.05 0.06 unch 0.04 0.04 0.02 0.02 0.00 0.00 unch 0.10 0.11 0.60 0.66 + 0.82 0.90 + 0.02 0.03 + 0.00 0.02 + 0.07 0.08 unch 0.11 0.11 unch 0.08 0.08 unch 0.00 0.10 0.06 0.08 + 0.12 0.12 0.16 0.16 2.15 2.55 + 1.58 1.83 + 0.02 0.03 0.03 0.04 unch 0.32 0.32 unch 0.23 0.24 + 0.00 0.00 0.13 0.18 + 0.09 0.12 -

Argonaut Gold Arianne Phosph* Arianne Phosph Arizona Silver* Arizona Silver Armor Min Armor Min* Artemis Gold Artemis Gold* Asante Gold* Asante Gold Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko AsiaBaseMetals AsiaBaseMetals* Asian Mineral* Asian Mineral Aston Bay Aston Bay* ATAC Res ATAC Res* Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Atlantic Indus Aton Resources Aton Resources* Aura Minerals* Aura Minerals Aura Resources Aura Resources* Auramex Res Aurania Res* Aurania Res Aurcana Corp Aurcana Corp* AurCrest Gold Aurelius Min Aurex Energy Aurion Res * Aurion Res Aurora Royal Aurwest Res AURYN Mining* Auryn Resource Auryn Resource* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res Avalon Advance Avalon Advance* Avarone Metals* Avenira Ltd* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc Axmin Inc* Azarga Metals Azarga Metals* Azarga Uranium* Azarga Uranium Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

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

5922 11 69 30 177 5 1 732 140 6 313 503 854 1457 250 920 11 47 90 301 1915 164 1322 457 5783 9 63 129 185 237 492 3 50 122 25 13 26 344 5 1123 68 113 1375 1326 470 3549 649 486 706 1 785 32 2334 3108 128 300 91 136 666 1259 548 13 46 257 4435 481 909 216 655 129 26 11 6 169 235 547 64 123 574 468 139 0 475 312

2.44 0.18 0.25 0.10 0.14 0.55 0.30 3.52 2.65 0.04 0.05 0.09 0.14 0.88 0.65 0.04 0.39 0.21 0.12 0.20 0.12 0.09 0.22 0.16 0.00 2.65 0.13 0.17 0.15 0.23 0.31 0.03 0.02 0.03 0.02 132.53 177.00 0.07 0.04 0.07 2.05 2.85 0.61 0.45 0.05 0.06 0.05 0.95 1.29 0.00 0.07 0.29 2.35 1.73 0.01 0.12 0.13 0.13 0.10 0.06 0.04 0.04 0.00 0.11 0.69 0.94 0.03 0.02 0.08 0.13 0.09 0.11 0.09 0.13 0.18 2.55 1.84 0.03 0.04 0.35 0.26 0.00 0.18 0.13

B2Gold Corp B2Gold Corp* Balto Res Bam Bam Res* Bam Bam Res Bankers Cobalt* Bankers Cobalt Bannerman Res* Banyan Gold Banyan Gold* Bard Ventures* Bard Ventures Barksdale Res* Barksdale Res Barolo Venture Barolo Venture* Baroyeca Gold Barrick Gold Barrick Gold* Barsele Min* Barsele Min Batero Gold* Batero Gold Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res BCM Res* BE Res Bear Creek Mng Bear Creek Mng* Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benton Res Benton Res* Benz Mining Benz Mining* Berkwood Res * Berkwood Res Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Sea Black Sea * Black Tusk Res* Black Tusk Res Blackheath Res Blackrock Gold* Blackrock Gold Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon Zinc* Blue Moon Zinc Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt BlueBird Batt* Bluestone Res Bluestone Res* Bold Ventures Bonanza Gold* Bond Resources BonTerra Res

T 23677 X 39022 V 201 O 126 C 1676 O 22 V 100 O 1409 V 11059 O 1752 O 0 V 37 O 73 V 176 V 0 O 1 V 112 T 22003 N 75403 O 47 V 313 O 39 V 876 O 1125 V 1853 V 4 V 86 O 25 V 5 V 629 O 360 V 234 O 41 V 350 V 102 O 27 V 257 T 1356 O 2437 O 10 V 797 O 514 V 1420 V 437 O 211 V 1175 O 0 O 110 V 153 V 148 C 45 O 255 V 348 N 2181 O 195 T 3002 O 4 V 2 V 294 O 19 O 106 C 6022 V 110 O 428 V 1010 V 53 O 101610 C 134 O 50 O 12 V 569 V 69 O 50 O 76 V 478 V 814 V 74 V 805 O 431 V 301 O 140 V 24 O 13959 C 46 V 1153

7.45 5.50 0.11 0.07 0.08 0.12 0.16 0.03 0.21 0.15 0.00 0.12 0.27 0.33 0.00 0.13 0.08 35.61 26.25 0.32 0.43 0.05 0.06 0.07 0.09 0.06 0.06 0.04 0.12 2.48 1.82 0.12 0.09 0.14 0.11 0.09 0.06 0.75 0.58 0.16 0.28 0.36 0.49 0.12 0.08 0.39 0.00 0.02 0.03 0.05 0.01 0.04 0.06 56.80 0.09 0.11 0.04 0.05 0.10 0.07 0.05 0.07 0.07 0.22 0.30 0.05 0.01 0.79 0.60 0.01 0.02 0.01 0.01 0.10 0.14 0.08 0.11 0.17 0.12 1.88 1.39 0.05 0.00 0.40 1.20

Last

12-month

High

Change

Stock

0.49 0.00 0.00 0.00 0.01 0.00 0.00 0.05 0.09 0.01 0.00 0.00 0.01 0.01 0.00 0.02 0.02 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.17 0.03 0.03 0.04 0.01 0.03 0.00 0.00 0.00 0.00 25.91 41.50 0.00 0.00 0.00 0.02 0.11 0.02 0.02 0.00 0.01 0.02 0.09 0.14 0.00 0.01 0.05 0.33 0.23 0.00 0.00 0.03 0.00 0.01 0.00 0.00 0.02 0.00 0.01 0.06 0.10 0.01 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.40 0.23 0.00 0.00 0.00 0.01 0.00 0.02 0.00

2.87 0.49 0.65 0.19 0.25 0.55 0.39 3.73 2.90 0.04 0.07 0.32 0.45 0.98 0.76 0.05 0.64 0.38 0.32 0.89 0.12 0.09 0.32 0.24 0.03 3.97 0.60 0.79 0.15 0.33 0.43 0.04 0.02 0.05 0.04 132.53 177.00 0.09 0.06 0.08 3.40 4.50 0.67 1.00 0.05 0.09 0.30 1.77 2.35 0.07 0.10 0.57 2.32 1.84 0.02 0.13 0.13 0.15 0.15 0.09 0.07 0.11 0.01 0.21 0.84 1.13 0.05 0.04 0.26 0.50 0.34 0.20 0.10 0.22 0.28 2.55 1.81 0.05 0.06 0.54 0.37 0.00 0.43 0.34

0.76 0.11 0.15 0.08 0.10 0.31 0.19 0.95 0.60 0.02 0.02 0.07 0.09 0.37 0.26 0.01 0.22 0.16 0.10 0.12 0.04 0.03 0.11 0.08 0.00 1.79 0.06 0.08 0.01 0.11 0.16 0.00 0.01 0.02 0.01 11.78 16.21 0.02 0.02 0.02 1.03 1.51 0.15 0.11 0.02 0.02 0.03 0.29 0.42 0.02 0.01 0.03 1.00 0.71 0.00 0.04 0.02 0.06 0.02 0.03 0.02 0.02 0.00 0.05 0.26 0.27 0.01 0.01 0.04 0.11 0.08 0.05 0.03 0.05 0.07 0.31 0.23 0.01 0.02 0.04 0.03 0.00 0.08 0.05

Boreal Metals Boreal Metals * Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold* Bravada Gold Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* BrightRock* Britannia Mng* Brixton Metals Brixton Metals* Brookmount Exp* Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal * Buffalo Coal Bullfrog Gold Bullfrog Gold* Bunker Hill Bushveld Min* BWR Explor

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

0.29 0.23 0.07 0.00 0.01 0.02 0.01 0.01 0.08 0.05 0.00 0.01 0.01 0.04 0.00 0.00 0.03 2.11 1.38 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.31 0.25 0.01 0.01 0.00 0.00 0.00 0.00 0.11 0.06 0.00 0.06 0.06 0.07 0.00 0.00 0.10 0.00 0.00 0.00 0.01 0.00 0.00 0.01 1.36 0.00 0.01 0.00 0.00 0.03 0.02 0.01 0.01 0.00 0.03 0.05 0.00 0.00 0.02 0.05 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.00 0.03 0.02 0.01 0.03 0.01 0.00 0.01 0.14

8.02 5.75 0.19 0.10 0.16 0.29 0.35 0.04 0.21 0.15 0.10 0.15 0.57 0.75 0.26 0.14 0.10 40.13 28.50 0.55 0.73 0.08 0.10 0.14 0.20 0.07 0.11 0.04 0.25 2.97 2.35 0.38 0.29 0.20 0.14 0.09 0.09 1.05 0.79 0.25 0.28 0.37 0.49 0.16 0.12 0.39 0.25 0.05 0.06 0.07 0.02 0.04 0.07 87.12 0.12 0.16 0.04 0.06 0.10 0.08 0.15 0.18 0.15 0.27 0.37 0.06 0.30 2.11 1.45 0.03 0.04 0.02 0.02 0.17 0.23 0.09 0.20 0.25 0.17 2.12 1.59 0.10 0.01 0.40 3.02

3.12 2.16 0.03 0.03 0.03 0.02 0.05 0.01 0.03 0.02 0.05 0.05 0.14 0.21 0.18 0.01 0.03 17.52 12.65 0.07 0.11 0.03 0.05 0.03 0.05 0.03 0.02 0.04 0.09 0.75 0.50 0.06 0.06 0.06 0.01 0.02 0.02 0.21 0.17 0.09 0.12 0.12 0.17 0.04 0.03 0.05 0.05 0.01 0.01 0.03 0.01 0.01 0.02 48.07 0.03 0.05 0.02 0.04 0.02 0.01 0.02 0.03 0.05 0.05 0.07 0.02 0.00 0.26 0.47 0.00 0.01 0.01 0.00 0.03 0.05 0.04 0.06 0.04 0.03 0.97 0.73 0.03 0.00 0.11 0.63

Cabral Gold Cabral Gold* Cache Explor* Cache Explor Cadence Min* Cadillac Vent* Cadillac Vent Caelan Capital* Cairo Res Caldas Gold Caldas Gold* Caledonia Mng* Caledonia Mng Calibre Mng* Calibre Mng California Gld* California Gld Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Cameo Cobalt* Cameo Cobalt Camino Min* Camino Min Camrova Res* Canada Carbon Canada Carbon* Canada Coal* Canada Coal Canada Nickel Canada One* Canada One Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal Canadian Prem CanAlaska Uran CanAlaska Uran* Canamex Gold* Canarc Res Canarc Res* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng CaNickel Mng* Canoe Mng Vent Canstar Res Canstar Res* Canterra Mnls* Canterra Mnls Cantex Mn Dev* Cantex Mn Dev Canuc Res Canuc Res* Capstone Mng Cardero Res Cardero Res* Cardinal Res* Cardinal Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Carube Copper Carube Copper* Casa Minerals Casa Minerals * Cascadero Copp Cassius Vents Castle Peak Mg CAT Strategic Cdn Palladium* Cdn Palladium CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Iron Central Tim Ex Century Cobalt* Century Global Century Global* Cerro de Pasc Cerro de Pasc * Cerro Grande* Cerro Grande Cerro Mng* Cerro Mng Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock* Chesapeake Gld Chesapeake Gld* Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Chinapintza Mg CIM Intl Grp Clarmin Explor Clean Air Met Clean Comm* Cleghorn Mnls Cleghorn Mnls* Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CNRP Mng Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Colombia Crest Colombia Crest* Colonial Coal Colorado Res Colorado Res*

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

B 7.05 7.38 + 5.14 5.41 + 0.04 0.11 + 0.05 0.05 0.06 0.06 0.09 0.11 + 0.14 0.16 + 0.02 0.02 0.13 0.20 + 0.09 0.14 + 0.00 0.06 unch 0.00 0.09 + 0.22 0.23 0.00 0.30 0.00 0.18 unch 0.13 0.13 unch 0.05 0.08 + 33.92 35.36 + 25.01 25.87 + 0.27 0.28 + 0.36 0.37 0.00 0.04 0.06 0.06 unch 0.06 0.07 0.08 0.08 0.00 0.06 unch 0.05 0.05 unch 0.04 0.04 unch 0.12 0.12 unch 2.17 2.42 + 1.59 1.78 + 0.00 0.11 + 0.07 0.08 + 0.11 0.13 unch 0.10 0.10 unch 0.09 0.09 + 0.05 0.05 unch 0.67 0.75 + 0.46 0.55 + 0.16 0.16 unch 0.24 0.28 + 0.30 0.36 + 0.42 0.49 + 0.10 0.10 unch 0.07 0.08 + 0.29 0.39 + 0.00 0.19 unch 0.02 0.02 0.02 0.02 unch 0.05 0.05 0.01 0.01 unch 0.03 0.04 0.05 0.05 52.36 53.03 0.07 0.07 0.10 0.10 0.04 0.04 unch 0.00 0.05 unch 0.00 0.10 + 0.00 0.07 + 0.04 0.04 0.05 0.06 0.07 0.07 unch + 0.17 0.21 0.23 0.30 + 0.05 0.05 unch 0.01 0.01 + 0.69 0.72 + 0.47 0.55 + 0.01 0.01 + 0.02 0.02 + 0.01 0.01 unch 0.01 0.01 unch 0.09 0.09 0.12 0.12 0.06 0.06 0.09 0.10 unch 0.14 0.14 0.10 0.10 1.80 1.86 + 1.31 1.38 + 0.05 0.05 + 0.00 0.00 + 0.35 0.35 + 1.04 1.19 +

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

High Low

361 122 10774 19 375 315 1274 826 34 48437 6 1048 734 1469 780 1214 693 151 6381 8481 48 533 672 1122 3 30 189

0.06 0.04 0.00 0.02 0.03 0.12 0.17 0.06 0.17 0.00 0.21 0.04 0.01 0.20 0.15 0.01 0.04 0.31 0.43 9.50 0.01 0.01 0.23 0.17 1.00 0.21 0.04

0.05 0.04 0.00 0.00 0.02 0.10 0.13 0.06 0.00 0.00 0.07 0.03 0.00 0.17 0.13 0.00 0.03 0.25 0.32 8.82 0.01 0.01 0.17 0.12 0.00 0.16 0.03

0.06 + 0.04 0.00 0.01 unch 0.02 0.11 0.15 unch 0.06 0.14 0.00 + 0.21 unch 0.04 + 0.00 0.20 + 0.14 + 0.00 0.03 0.29 + 0.40 + 8.83 + 0.01 0.01 0.20 + 0.14 + 1.00 + 0.19 + 0.03 -

0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.03 0.01 0.00 0.00 0.04 0.06 0.18 0.00 0.01 0.03 0.01 0.01 0.03 0.01

0.06 0.05 0.00 0.11 0.13 0.15 0.20 0.21 0.58 0.01

0.03 0.03 0.00 0.00 0.01 0.03 0.05 0.05 0.08 0.00

0.04 0.01 0.43 0.33 0.01 0.08 1.00 0.49 17.85 0.01 0.01 0.23 0.18 1.01 0.40 0.06

0.00 0.00 0.08 0.05 0.00 0.02 0.00 0.07 5.12 0.00 0.01 0.08 0.05 0.05 0.08 0.02

2244 271 40 617 258 10 70 1 50 335 20 2555 102 292 2395 75 103 141 78 11627 5671 65 408 5 286 25 430 58 3 95 1214 6 31 246 103 1104 525 121 25 325 178 2 1500 470 277 29 248 294 36 347 83 2048 20 1 139 225 80 11 374 4 117 379 25 1407 97 39 407 2336 793 20 5 6500 185 321 1448 896 24 590 30 195 35 35 169 590 2472 316 50 3 4458 3737 115 35 56 14 559 45 277 38 13 41 73 4750 303 100 11 2 155 1645 2 1 254 147 41609 85 88 143 4 3054 200 50 438 2306 99 605 60 39546 2 82 3 30 493 1146 7 463 35597 1 457 24 18 847 1503 245

0.18 0.13 0.00 0.01 0.00 0.02 0.04 0.07 0.24 2.58 6.88 17.22 23.17 1.11 1.43 0.18 0.25 0.79 1.07 10.32 13.99 0.15 0.03 0.09 0.12 0.04 0.26 0.19 0.02 0.03 1.12 0.03 0.03 0.07 0.06 0.56 0.42 0.11 0.23 0.17 0.13 0.02 0.10 0.07 0.08 0.24 0.38 0.07 0.02 0.03 0.22 0.30 0.06 0.04 0.26 0.06 0.03 0.01 0.02 0.65 0.88 0.11 0.07 0.86 0.03 0.03 0.45 0.63 0.06 0.03 0.15 0.06 0.06 0.20 0.27 0.06 0.04 0.09 0.05 0.02 0.10 0.02 0.03 0.07 0.09 0.01 3.05 0.06 15.33 0.13 0.45 0.03 0.10 0.08 0.35 0.25 0.00 0.01 0.19 0.40 0.13 0.21 0.15 0.71 0.12 0.14 2.01 2.76 0.00 0.14 4.40 3.22 93.09 0.13 0.08 0.12 0.10 0.78 0.02 0.03 0.14 0.35 0.16 0.10 0.05 5.87 0.06 0.16 0.00 0.05 0.07 0.28 0.04 0.05 5.14 0.04 0.06 0.11 0.09 0.82 0.05 0.03

0.14 0.10 0.00 0.01 0.00 0.02 0.04 0.07 0.21 2.20 1.48 12.08 22.51 0.94 1.28 0.14 0.18 0.61 0.86 9.65 13.11 0.12 0.02 0.07 0.10 0.01 0.00 0.17 0.02 0.02 0.78 0.02 0.00 0.06 0.04 0.50 0.37 0.08 0.23 0.14 0.10 0.01 0.08 0.06 0.08 0.08 0.14 0.00 0.01 0.02 0.18 0.24 0.00 0.04 0.23 0.05 0.03 0.01 0.02 0.56 0.80 0.08 0.07 0.74 0.03 0.02 0.40 0.56 0.05 0.03 0.00 0.04 0.05 0.18 0.23 0.05 0.04 0.07 0.05 0.02 0.07 0.01 0.02 0.05 0.08 0.01 2.87 0.05 14.42 0.09 0.00 0.01 0.00 0.08 0.32 0.24 0.00 0.00 0.19 0.00 0.11 0.16 0.12 0.66 0.12 0.00 1.86 2.56 0.00 0.14 3.48 2.58 86.18 0.00 0.08 0.00 0.07 0.58 0.02 0.03 0.13 0.30 0.12 0.00 0.04 5.25 0.00 0.15 0.00 0.04 0.07 0.24 0.00 0.04 4.42 0.04 0.05 0.00 0.08 0.63 0.04 0.03

0.15 + 0.12 + 0.00 unch 0.01 unch 0.04 unch 0.02 unch 0.04 unch 0.07 unch 0.21 unch 2.52 + 1.82 + 14.86 22.87 unch 0.95 1.29 0.18 + 0.24 + 0.79 + 0.97 9.88 13.52 0.13 + 0.02 unch 0.09 + 0.12 + 0.01 + 0.25 + 0.19 + 0.02 0.03 + 1.00 + 0.03 0.03 + 0.07 + 0.05 + 0.51 + 0.38 + 0.10 0.23 unch 0.15 0.11 0.02 + 0.10 + 0.07 + 0.08 unch 0.24 + 0.37 + 0.07 0.02 0.03 + 0.22 + 0.28 + 0.06 unch 0.04 unch 0.25 + 0.06 + 0.03 unch 0.01 + 0.02 + 0.65 + 0.87 + 0.08 0.07 unch 0.77 0.03 0.02 unch 0.40 + 0.61 + 0.05 0.03 unch 0.13 0.05 0.06 + 0.19 + 0.26 + 0.05 0.04 unch 0.08 + 0.05 unch 0.02 unch 0.10 + 0.02 unch 0.02 unch 0.06 + 0.08 unch 0.01 + 2.99 + 0.06 + 15.07 + 0.11 0.35 + 0.02 0.10 unch 0.08 unch 0.33 + 0.24 + 0.00 unch 0.01 unch 0.19 unch + 0.40 0.13 + 0.19 0.14 0.68 + 0.12 unch 0.14 1.89 2.61 0.15 unch 0.14 unch 4.30 + 3.08 + 86.46 0.12 + 0.08 unch 0.11 0.08 0.71 + 0.02 unch 0.03 unch + 0.14 0.31 0.16 + 0.10 unch 0.04 unch 5.29 0.06 0.16 + 0.02 unch 0.05 + 0.07 + 0.25 0.03 + 0.04 unch 4.64 + 0.04 + 0.06 0.11 0.08 0.75 + 0.05 + 0.03 +

0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.52 0.34 2.19 0.00 0.00 0.01 0.03 0.04 0.04 0.05 0.43 0.69 0.02 0.00 0.02 0.02 0.00 0.01 0.01 0.00 0.01 0.07 0.00 0.01 0.01 0.00 0.03 0.01 0.01 0.00 0.02 0.01 0.01 0.01 0.01 0.00 0.16 0.24 0.01 0.01 0.01 0.04 0.03 0.00 0.00 0.03 0.01 0.00 0.00 0.01 0.06 0.10 0.02 0.00 0.05 0.01 0.00 0.01 0.04 0.01 0.00 0.00 0.02 0.01 0.02 0.02 0.01 0.00 0.01 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.19 0.00 0.44 0.03 0.03 0.00 0.00 0.00 0.01 0.02 0.00 0.00 0.00 0.14 0.01 0.01 0.00 0.01 0.00 0.02 0.02 0.02 0.00 0.00 0.80 0.52 4.17 0.01 0.00 0.01 0.02 0.15 0.00 0.00 0.02 0.04 0.05 0.00 0.00 0.31 0.01 0.00 0.00 0.00 0.01 0.02 0.00 0.00 0.20 0.01 0.01 0.02 0.02 0.15 0.01 0.00

0.19 0.14 0.04 0.05 0.04 0.03 0.04 0.50 0.35 2.58 6.88 20.00 24.98 1.52 1.45 0.55 0.72 1.08 1.41 11.26 15.77 0.25 0.07 0.14 0.19 0.08 0.39 0.28 0.02 0.06 1.41 0.03 0.05 0.08 0.06 0.73 0.57 0.65 1.35 0.29 0.23 0.07 0.10 0.07 0.10 0.24 0.38 0.08 0.03 0.04 0.22 0.30 0.11 0.09 0.27 0.06 0.03 0.02 0.03 5.23 6.99 0.11 0.08 0.92 0.04 0.03 0.45 0.63 0.06 0.06 0.24 0.06 0.09 0.20 0.27 0.08 0.06 0.18 0.12 0.03 0.10 0.02 0.04 0.28 0.23 0.08 3.29 0.29 15.33 0.25 0.45 0.11 0.25 0.17 0.54 0.41 0.01 0.01 0.22 0.40 0.20 0.43 0.33 0.86 0.16 0.27 2.20 2.90 0.32 0.18 4.65 3.50 127.00 0.25 0.19 0.17 0.11 1.76 0.02 0.19 0.18 0.47 0.17 0.10 0.05 11.61 0.13 0.23 0.03 0.06 0.08 0.56 0.07 0.09 8.29 0.06 0.08 0.31 0.23 0.82 0.13 0.10

0.07 0.05 0.00 0.01 0.04 0.00 0.01 0.06 0.20 1.30 0.11 5.22 7.33 0.00 0.46 0.08 0.11 0.04 0.32 5.30 7.69 0.00 0.01 0.03 0.05 0.00 0.05 0.03 0.02 0.01 0.38 0.01 0.02 0.03 0.02 0.25 0.18 0.01 0.10 0.09 0.06 0.00 0.03 0.02 0.05 0.03 0.05 0.02 0.01 0.01 0.04 0.05 0.04 0.04 0.10 0.02 0.00 0.00 0.01 0.33 0.46 0.03 0.02 0.33 0.02 0.01 0.15 0.20 0.04 0.01 0.00 0.01 0.03 0.05 0.07 0.01 0.03 0.02 0.03 0.01 0.04 0.01 0.01 0.02 0.06 0.01 1.52 0.04 5.52 0.01 0.05 0.00 0.05 0.05 0.26 0.18 0.00 0.01 0.05 0.07 0.06 0.08 0.05 0.08 0.07 0.09 0.77 0.96 0.07 0.07 1.40 1.01 51.60 0.05 0.07 0.03 0.02 0.45 0.01 0.02 0.05 0.30 0.01 0.03 0.04 2.63 0.05 0.07 0.01 0.02 0.03 0.06 0.02 0.03 1.98 0.03 0.04 0.05 0.05 0.21 0.03 0.02

C

(100s) Stock

Exc Volume

Week High

Columbus Gold Columbus Gold* Comet Inds Commander Res Commerce Res Commerce Res* Compass Gold* Compass Gold Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res Condor Res* Confedertn Ml* Confedertn Mls Conic Metals* Conic Metals Conquest Res * Conquest Res Cons Woodjam CONSOL Coal Rs* CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* Copper Fox Mtl Copper Fox Mtl* Copper Lake Rs Copper Mtn Mng Copper Mtn Mng* Copper North M* Copper North M Copper One * Copper One Copper Reef Mg* Copper Reef Mg Copperbank Res* Copperbank Res Coral Gold * Coral Gold Cordoba Mnls Cordoba Mnls* Core Lithium* Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Corsurex Res Corvus Gold Corvus Gold* CR Capital Crest Resource Crestview Expl Cresval Cap Critical Elem* Critical Elem CROPS Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt Crystal Lake* Crystal Lake Crystal Peak Crystal Peak* CTGX Mining* Currie Rose Rs Cypress Dev Cypress Dev*

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

1164 477 122 16 47 22 80 312 3543 37 0 16 22 2083 341 69 165 134 208 50 251 281 248 3557 18106 29 97 429 483 30 365 85 1689 797 112 4 947 31 1072 5 72 566 406 196 362 2734 90 49 71 2 32 98 586 512 105 51 410 175 600 56 188 87 281 2 29 58 67 2781 143 239 0 75 832 276

0.16 0.12 3.15 0.10 0.20 0.16 0.22 0.30 1.05 0.10 0.08 2.59 0.69 0.18 0.13 0.62 1.00 0.13 0.18 0.02 0.04 0.06 4.57 6.25 9.83 0.12 0.16 0.15 0.16 0.05 0.10 0.08 0.02 0.62 0.46 0.04 0.04 0.17 0.18 0.25 0.29 0.04 0.05 0.57 0.77 0.08 0.06 0.15 3.39 2.70 0.18 0.25 0.08 3.28 2.47 0.12 0.11 0.60 0.03 0.27 0.36 0.02 0.05 0.02 0.03 0.04 0.11 0.15 0.04 0.03 0.00 0.04 0.29 0.21

Dajin Lithium* Dajin Res Dakota Ter Res* Damara Gold Damara Gold* Danakali* Debut Dmds Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Disc* Diamond Fields Diamond Fields* Dios Expl Discovery Harb* Discovery Harb Discovery Met* Discovery Met Discovery Min* Discovery-Corp District Cop District Cop* District Metal* District Metal Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources* DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E3 Metals E3 Metals* Eagle Graphite Eagle Graphite* Eagle Plains East Africa East Africa * East Asia Mnls* East Asia Mnls EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eastmain Res Eastmain Res* Eclipse Gold* Eclipse Gold Eco Oro Mnls Eco Oro Mnls* Edgemont Gold Edgewater Expl* Edgewater Expl Edison Cobalt* Edison Cobalt El Capitan Prc* El Nino Vent El Nino Vent* Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Eloro Res* Eloro Res

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

905 1026 181 221 0 142 9 931 5 30 2002 45 298 651 1501 824 259 1171 2029 21 304 1550 60 24 17 82 4 0 2141 425 445 1441 2235 27622 10 1322 9 0 215 14 678 752 335 55 2906 3000 84 1065 150 5498 3770 0 170 19 236 201 130 21 4 69 142 157 33 240 0 840 333 0 832 1757 1 6 26 296 14 2317 194 88 1045 12 3 75 13 221 3 3 679 974 0 81 269 10453 4383 174 503

0.03 0.04 0.50 0.04 0.00 0.37 0.12 0.05 0.03 0.09 0.12 0.02 0.14 0.20 0.22 0.17 0.26 0.49 0.36 0.13 0.18 0.62 0.01 0.10 0.08 0.00 0.17 0.00 0.16 0.06 0.08 0.72 0.97 0.00 0.07 0.01 0.01 0.00 0.24 0.00 0.01 0.22 0.02 0.06 0.55 0.73 0.76 0.19 0.09 15.38 8.95 0.00 0.08 0.14 0.20 1.89 1.41 2.12 0.58 0.10 0.08 0.29 0.23 0.04 0.00 0.14 0.11 0.00 0.09 0.11 0.00 0.24 0.33 0.05 0.04 0.12 0.09 0.66 0.93 0.07 0.04 0.12 0.09 0.12 0.02 0.00 0.01 0.07 0.00 0.03 0.03 9.44 12.75 0.60 0.81

Low

Last

12-month Change

High Low

+ 0.16 + 0.11 3.10 unch + 0.10 + 0.19 0.13 + 0.20 0.27 + 0.96 0.10 unch 0.08 unch 0.48 0.69 unch + 0.17 + 0.13 + 0.62 + 1.00 + 0.12 + 0.17 0.02 unch + 0.04 0.05 unch 4.26 5.11 8.33 0.11 0.15 0.10 + 0.15 0.04 unch 0.10 unch + 0.08 0.01 + 0.59 0.42 0.04 0.04 0.10 + 0.17 0.20 0.28 unch 0.03 + 0.05 + 0.55 + 0.73 + 0.07 + 0.06 0.08 unch 3.25 unch 2.19 + 0.18 + 0.24 + 0.06 + 3.18 + 2.33 + 0.10 + 0.09 0.51 0.03 unch 0.27 0.32 0.02 unch 0.04 + 0.02 + 0.03 + 0.04 + 0.10 + 0.14 0.04 0.02 0.00 unch 0.04 unch + 0.23 + 0.18

0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.24 0.00 0.00 0.30 0.00 0.03 0.03 0.03 0.20 0.02 0.03 0.00 0.01 0.00 0.14 0.97 1.48 0.01 0.02 0.00 0.01 0.00 0.00 0.00 0.01 0.03 0.00 0.00 0.01 0.02 0.01 0.05 0.00 0.00 0.01 0.07 0.07 0.01 0.01 0.00 0.00 0.51 0.02 0.02 0.01 0.13 0.07 0.01 0.01 0.06 0.00 0.04 0.06 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.02 0.02

0.20 0.15 3.60 0.11 0.75 0.57 0.50 0.65 1.05 0.20 0.10 2.59 1.10 0.18 0.11 0.62 1.00 0.35 0.48 0.03 0.04 0.06 16.72 27.08 14.19 0.57 0.72 1.00 0.24 0.24 0.11 0.08 0.02 0.95 0.73 0.04 0.05 0.69 1.00 0.35 0.52 0.05 0.06 0.55 0.77 0.14 0.10 0.21 5.20 3.61 0.56 0.73 0.15 3.55 2.52 0.12 0.15 2.60 0.08 0.48 0.63 0.04 0.08 0.06 0.04 0.06 0.32 0.42 0.16 0.12 0.07 0.07 0.29 0.19

0.09 0.06 2.75 0.05 0.11 0.07 0.10 0.14 0.15 0.08 0.01 0.22 0.30 0.04 0.02 0.11 0.21 0.09 0.12 0.00 0.01 0.02 3.95 3.35 4.26 0.09 0.12 0.00 0.08 0.04 0.01 0.03 0.01 0.28 0.19 0.01 0.01 0.01 0.05 0.08 0.13 0.02 0.03 0.18 0.26 0.04 0.03 0.02 1.36 0.10 0.08 0.12 0.02 0.99 0.72 0.02 0.04 0.40 0.02 0.16 0.17 0.01 0.02 0.01 0.01 0.03 0.04 0.05 0.01 0.01 0.00 0.02 0.11 0.08

+ 0.02 0.02 + 0.03 0.04 0.35 0.40 0.00 0.04 unch 0.00 0.01 unch + 0.35 0.37 0.10 0.10 0.04 0.05 0.03 0.03 unch 0.09 0.09 unch + 0.08 0.10 0.01 0.02 0.11 0.12 0.16 0.16 + 0.19 0.21 + 0.14 0.16 0.00 0.20 0.45 0.45 0.33 0.33 0.00 0.13 unch 0.17 0.18 + 0.34 0.50 0.01 0.01 unch 0.10 0.10 0.07 0.07 0.00 0.00 unch 0.00 0.17 unch 0.00 0.13 unch + 0.13 0.16 0.05 0.05 + 0.07 0.08 + 0.63 0.69 + 0.86 0.96 + 0.00 0.00 0.07 0.07 unch + 0.01 0.01 0.01 0.01 unch 0.00 0.18 unch + 0.00 0.24 0.00 0.00 unch + 0.00 0.00 + 0.17 0.22 0.01 0.01 + 0.04 0.06 + 0.35 0.50 + 0.48 0.68 + 0.67 0.76 + 0.12 0.17 + 0.08 0.09 + 12.91 15.12 + 8.05 8.80 0.00 0.05 unch + 0.07 0.08 0.14 0.14 unch 0.00 0.14 + 1.79 1.84 + 1.32 1.34 1.10 1.70 unch 0.00 0.57 + 0.00 0.10 + 0.05 0.08 0.26 0.26 0.00 0.20 0.03 0.04 0.00 0.03 unch 0.12 0.12 unch 0.10 0.10 0.00 0.07 unch + 0.06 0.08 + 0.08 0.10 0.00 0.09 unch + 0.21 0.22 + 0.29 0.31 0.03 0.03 0.02 0.02 unch 0.12 0.12 + 0.08 0.08 + 0.60 0.62 + 0.82 0.85 0.00 0.07 unch + 0.03 0.04 + 0.12 0.12 0.09 0.09 unch 0.12 0.12 unch 0.02 0.02 0.00 0.04 unch 0.01 0.01 0.04 0.04 0.00 0.01 unch 0.03 0.03 + 0.02 0.02 + 8.81 9.28 + 11.96 12.68 + 0.37 0.59 + 0.51 0.80

0.00 0.01 0.06 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.03 0.02 0.01 0.05 0.02 0.01 0.00 0.01 0.14 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.00 0.01 0.07 0.12 0.00 0.00 0.01 0.00 0.00 0.04 0.00 0.00 0.05 0.00 0.01 0.16 0.22 0.08 0.06 0.01 2.47 0.74 0.00 0.01 0.00 0.03 0.02 0.01 0.00 0.01 0.01 0.00 0.03 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.03 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.67 0.97 0.20 0.30

0.04 0.05 0.96 0.06 0.02 0.52 0.25 0.05 0.04 0.07 0.15 0.08 0.23 0.25 0.37 0.32 0.62 0.72 0.55 0.31 0.26 0.62 0.05 0.20 0.15 0.00 0.25 0.17 0.17 0.14 0.18 0.72 0.97 0.00 0.15 0.03 0.02 0.18 0.30 0.01 0.01 0.24 0.08 0.31 0.55 0.73 1.65 0.19 0.09 15.38 8.69 0.06 0.08 0.11 0.20 2.00 1.60 4.00 1.00 0.10 0.08 0.60 0.41 0.08 0.06 0.18 0.26 0.19 0.09 0.13 0.09 0.44 0.72 0.06 0.05 0.22 0.16 0.80 0.96 0.16 0.10 0.14 0.09 0.15 0.05 0.06 0.04 0.07 0.04 0.09 0.07 11.29 14.99 0.58 0.81

0.01 0.02 0.03 0.02 0.00 0.16 0.07 0.01 0.00 0.02 0.03 0.01 0.03 0.06 0.06 0.03 0.20 0.24 0.19 0.05 0.05 0.14 0.01 0.08 0.05 0.00 0.09 0.04 0.03 0.02 0.03 0.13 0.22 0.00 0.05 0.01 0.00 0.08 0.08 0.00 0.00 0.07 0.00 0.03 0.12 0.17 0.45 0.04 0.04 2.69 3.20 0.03 0.04 0.03 0.05 0.99 0.70 1.10 0.24 0.04 0.03 0.19 0.11 0.02 0.01 0.07 0.08 0.07 0.02 0.02 0.06 0.12 0.18 0.03 0.02 0.06 0.04 0.31 0.40 0.03 0.02 0.10 0.02 0.04 0.01 0.02 0.01 0.02 0.01 0.02 0.01 4.60 6.29 0.14 0.19

0.15 0.11 3.10 0.00 0.18 0.13 0.20 0.26 0.71 0.09 0.00 0.48 0.69 0.12 0.09 0.60 0.82 0.00 0.13 0.02 0.03 0.05 4.01 5.07 8.18 0.10 0.14 0.09 0.14 0.04 0.10 0.06 0.01 0.55 0.42 0.00 0.00 0.10 0.14 0.20 0.28 0.03 0.04 0.44 0.63 0.06 0.04 0.08 0.00 2.19 0.00 0.24 0.00 2.97 2.17 0.09 0.08 0.51 0.03 0.25 0.30 0.02 0.04 0.02 0.02 0.04 0.09 0.12 0.03 0.02 0.00 0.00 0.20 0.14

D-F

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

THE NORTHERN MINER / JULY 6–JULY 12, 2020

Week High

Low 1.65 1.14 0.32 0.21 0.07 0.08 0.05 0.02 2.58 1.91 0.02 0.02 0.20 31.01 22.84 1.82 2.48 0.03 0.05 1.43 1.97 0.05 0.05 0.04 0.03 0.28 0.37 10.44 14.00 0.00 0.01 0.06 0.07 0.30 0.22 0.03 0.05 16.13 12.15 0.06 0.09 0.09 0.13 0.18 0.35 0.09 0.12 0.30 0.07 0.29 0.21 0.04 0.01 0.02 0.20 0.02 0.68 0.52 0.07 0.00 0.34 0.65 0.45 0.46 0.63 0.01 3.02 3.90 0.05 0.30 0.21 0.08 0.06 0.07 0.05 0.34 0.25 0.05 0.02 0.11 1.70 1.32 0.04 0.70 0.99 0.17 0.00 0.09 0.04 0.49 0.40 0.01 0.10 0.14 0.11 0.15 12.04 8.78 0.24 0.19 0.33 0.24 0.00 9.08 0.21 0.15 0.04 0.03 0.16 0.22 0.02 0.02 0.03 0.05 0.15 0.01 0.02 0.16 0.10 0.13 0.00 0.00 5.86 4.32 0.00 0.00 0.05 0.07 0.08 0.06 3.00 0.00 0.05 0.17 133.00 180.82 0.01 0.74 0.57 10.44 0.10 9.70 0.19 0.00 0.00 0.13 0.10 0.05 0.08

Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emgold Mining Emgold Mining* Empress Res EMX Royalty EMX Royalty* Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng Endeavour Mng* Endeavr Silver* Endeavr Silver Endurance Gold* Endurance Gold Energy Fuels* Energy Fuels Engineer Gold Engold Mines Engold Mines* Ensurge* Entree Res* Entree Res Equinox Gold* Equinox Gold Equitorial Ex Equitorial Ex* Equity Metals* Equity Metals Erdene Res Dev Erdene Res Dev* Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng* Eskay Mng Essex Minerals Ethos Gold* Ethos Gold Etruscus Res Euro Manganese Euro Sun Mg Euro Sun Mg* EurOmax Res European Elect* European Elect European Metal* Eurotin Evergold Evergold* Everton Res* Evolving Gold Evrim Res Excellon Res Excellon Res* Excelsior Mng* Excelsior Mng ExGen Res Inc Explorex Res* Explorex Res Fabled Copper Falco Res Falco Res * Falcon Gold Fancamp Expl Far Res Far Res* FenixOro Gold FenixOro Gold* Fidelity Min Fidelity Min* Fieldex Expl Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold Fiorentina Min Fire River Gol* FireFox Gold Firestone Vent Fireweed Zinc Fireweed Zinc* Firma Holdings* First Cobalt * First Cobalt First Energy* First Energy First Majestic First Majestic* First Mexican First Mexican* First Mg Fin First Mg Fin * First Point* First Quantum First Vanadium First Vanadium* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Focus Graphite* Focus Graphite Focus Minerals* Foran Mng Forsys Metals Fort St J Nick Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Mnrls* Fortune Mnrls Forum Energy Forum Energy* Fosterville Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold Freeport McMoR* Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl* Fura Gems Fura Gems* Fuse Cobalt* Fuse Cobalt

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

1667 2535 4 7 2531 1670 186 929 178 1315 7 125 1331 2730 147 19358 2742 151 221 7599 1265 2450 69 3 332 50 91 8025 4086 1797 18 139 862 1064 244 15 18 741 31 13 251 251 97 625 53 18 261 143 714 2680 274 120 11 32 3 450 559 54 7 10 335 1258 546 352 1524 443 2 10 533 2049 174 4776 125 3284 1036 3599 46 211 58 726 133 4 68 626 2123 45 1 787 314 199 42 165 1076 993 49 37 4211 22530 434 105 6520 3605 97 15160 629 518 288 77 1635 3219 525 3 3 54 30 371 381 50 376 194 12 9 7394 24645 85 29 500 612 704 51 2654 4 8 567 4427 3203 1391 33631 1434 90242 566 96 198 1904 0 345 70 5243 10809

1.93 1.44 0.33 0.25 0.12 0.10 0.07 0.03 2.95 2.15 0.02 0.04 0.25 33.40 24.47 2.17 2.94 0.05 0.07 1.61 2.18 0.08 0.06 0.04 0.05 0.29 0.40 11.36 15.31 0.01 0.01 0.07 0.09 0.36 0.26 0.03 0.05 19.20 13.85 0.07 0.10 0.10 0.21 0.24 0.50 0.10 0.13 0.34 0.10 0.32 0.24 0.04 0.01 0.02 0.29 0.02 0.87 0.59 0.07 0.03 0.38 0.79 0.59 0.52 0.70 0.01 3.02 4.15 0.08 0.41 0.30 0.12 0.07 0.09 0.07 0.46 0.32 0.07 0.02 0.12 1.89 1.33 0.05 0.82 1.13 0.22 0.10 0.11 0.04 0.56 0.40 0.04 0.11 0.15 0.15 0.19 12.85 9.45 0.36 0.21 0.38 0.28 0.15 10.27 0.28 0.21 0.05 0.04 0.22 0.30 0.02 0.02 0.03 0.05 0.20 0.02 0.03 0.16 0.12 0.15 0.11 9.56 6.75 4.99 0.79 0.59 0.06 0.08 0.09 0.07 4.57 0.07 0.05 0.20 139.47 188.31 0.01 1.41 0.70 11.23 0.12 10.75 0.21 0.02 0.00 0.15 0.10 0.10 0.14

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Gaia Metals* Gaia Metals Gainey Capital Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold Galleon Gold* Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold Gambier Gold* Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* General Moly

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

13 714 174 119 10 76 88 235 510 145 3 604 3377 3512 1190 433 83 52 886 2639 241 18 81 465 241 222 9

0.87 1.20 0.36 0.49 0.08 0.12 0.04 0.12 0.16 0.34 0.26 1.74 1.29 0.07 0.05 0.02 0.12 0.16 0.61 0.84 0.08 0.06 0.60 0.81 0.31 0.22 0.34

Last

Stock

1.83 + 1.36 + 0.33 + 0.25 + 0.11 + 0.10 + 0.07 + 0.03 + 2.87 + 2.10 + 0.02 0.04 unch 0.21 33.12 + 24.39 + 2.14 + 2.92 + 0.05 + 0.07 + 1.43 1.98 0.08 + 0.05 0.04 0.04 + 0.28 + 0.39 + 11.01 + 15.07 + 0.01 unch 0.01 unch 0.06 + 0.09 + 0.36 + 0.26 + 0.03 unch 0.05 unch 19.05 + 13.79 + 0.07 + 0.09 0.09 0.17 + 0.22 + 0.35 0.09 + 0.13 + 0.32 0.08 0.30 unch 0.21 0.04 unch 0.01 + 0.02 0.20 0.02 unch 0.87 + 0.59 + 0.07 unch 0.03 + 0.35 0.74 + 0.54 + 0.46 0.64 0.01 unch 3.02 unch 3.95 0.08 + 0.37 + 0.28 + 0.10 + 0.06 0.08 0.06 0.45 + 0.32 + 0.07 + 0.02 unch 0.12 unch 1.85 + 1.32 unch 0.05 + 0.80 + 1.08 + 0.17 0.10 unch 0.10 0.04 0.49 0.40 0.01 0.10 0.14 0.13 0.17 12.83 + 9.39 + 0.36 + 0.19 0.38 + 0.28 + 0.13 + 9.89 + 0.26 + 0.20 + 0.05 0.04 + 0.16 0.22 0.02 unch 0.02 unch 0.03 unch 0.05 unch 0.20 + 0.02 0.02 0.16 unch 0.10 0.14 + 0.11 unch 9.56 + 6.50 + 4.75 + 0.76 0.55 0.05 0.07 0.09 unch 0.06 + 4.20 + 0.07 unch 0.05 + 0.18 + 137.24 + 187.62 + 0.01 1.24 + 0.62 10.79 + 0.11 10.30 + 0.19 0.02 + 0.06 unch 0.15 unch 0.10 + 0.08 + 0.10 +

0.26 0.21 0.01 0.02 0.04 0.02 0.02 0.01 0.23 0.15 0.00 0.00 0.03 2.47 1.96 0.34 0.45 0.02 0.01 0.15 0.15 0.02 0.01 0.00 0.01 0.00 0.02 0.85 1.08 0.00 0.00 0.00 0.01 0.04 0.03 0.00 0.00 2.59 1.82 0.01 0.01 0.01 0.04 0.04 0.10 0.00 0.02 0.02 0.02 0.00 0.01 0.00 0.00 0.01 0.08 0.00 0.18 0.07 0.00 0.01 0.02 0.11 0.07 0.02 0.03 0.00 0.00 0.15 0.02 0.08 0.07 0.02 0.01 0.01 0.00 0.11 0.07 0.02 0.00 0.00 0.01 0.00 0.01 0.08 0.09 0.05 0.00 0.01 0.01 0.05 0.00 0.01 0.01 0.01 0.02 0.03 1.03 0.76 0.12 0.02 0.05 0.04 0.02 0.60 0.04 0.03 0.01 0.00 0.06 0.09 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.02 0.02 0.00 0.05 0.73 0.51 0.02 0.02 0.01 0.01 0.00 0.00 1.37 0.00 0.00 0.01 5.52 8.63 0.00 0.44 0.05 0.29 0.01 0.66 0.02 0.01 0.00 0.00 0.00 0.03 0.02

1.99 1.48 0.41 0.30 0.13 0.15 0.11 0.06 2.95 2.15 0.11 0.15 0.27 33.56 24.47 3.20 4.26 0.05 0.08 3.25 4.25 0.14 0.10 0.08 0.06 0.35 0.46 11.36 15.31 0.06 0.03 0.08 0.11 0.35 0.26 0.05 0.10 25.69 19.20 0.11 0.17 0.17 0.27 0.38 0.50 0.24 0.32 0.49 0.20 0.51 0.44 0.07 0.04 0.04 1.00 0.04 0.88 0.65 0.07 0.07 0.40 1.51 1.15 0.94 1.23 0.02 4.27 6.75 0.08 0.41 0.30 0.12 0.09 0.09 0.07 0.46 0.40 0.25 0.19 0.18 3.25 2.31 0.07 0.83 1.13 0.22 0.90 0.23 0.07 0.70 0.54 0.04 0.13 0.18 0.21 0.30 16.50 12.69 0.37 0.28 0.38 0.28 0.16 14.10 0.48 0.35 0.12 0.09 0.39 0.50 0.06 0.04 0.05 0.08 0.20 0.03 0.03 0.19 0.30 0.23 0.16 10.51 6.75 4.99 0.90 0.67 0.08 0.11 0.11 0.08 4.57 0.12 0.07 0.23 152.70 214.82 0.10 1.14 0.70 13.64 0.14 11.40 0.35 0.03 0.06 0.23 0.18 0.10 0.14

0.06 0.10 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.07 0.01 0.11 0.06 0.00 0.00 0.00 0.04 0.03 0.18 0.22 0.02 0.01 0.07 0.08 0.02 0.01 0.08

0.81 1.20 0.54 0.71 0.34 0.60 0.12 0.12 0.16 9.50 0.69 1.84 1.33 0.10 0.08 0.04 0.11 0.16 0.50 0.84 0.09 0.07 1.70 2.25 0.71 0.54 0.54

General Moly* Generation Min* Generation Min Generic Gold Genesis Mtls* Genesis Mtls Genius Metals Gensource Pot Geomega Res Geomega Res* Gespeg Res Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GGL Res* GGL Res GGX Gold GGX Gold* Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold Glacier Lake* Glacier Lake Gldn Predator Gldn Predator* Glen Eagle Res Glen Eagle Res* Glencore Plc * Glencore Plc* Global Atomic Global Atomic* Global Battery* Global Battery Global Energy* Global Energy Global Gold* Global Li-Ion* Global Li-Ion GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals GMV Minerals* GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Lion Res Gold Lion Res* Gold Plus Gold Reserve* Gold Reserve Gold Resource* Gold Rush Cari* Gold Rush Cari Gold Std Vents Gold Std Vents* Gold X Mining Goldbank Mng Goldcliff Res* Goldcliff Res Golden Arrow* Golden Arrow Golden Band* Golden Birch Golden Cariboo Golden Dawn Ml Golden Dawn Ml* Golden Goliath Golden Goliath* Golden Harp* Golden Harp Golden Hope Golden Hope* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Star* Golden Tag Golden Valley* Golden Valley Goldex Res* Goldex Res Goldgroup Mng Goldgroup Mng* GoldMining GoldMining* GoldON Res GoldON Res* GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldsource Min Goldsource Min* Goldstar Mnls Goldstar Mnls* Goldstrike Res* Goldstrike Res Goliath Res Goliath Res* Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals GR Silver* GR Silver Gran Colombia* Gran Colombia Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek Graphite Egy* Graphite One* Graphite One Gratomic* Gratomic Gray Rock Res Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther Great Panther* Great Thunder Great Thunder* Greatbanks Re Green River Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Greenshield Ex Grenville Gold Grenville Gold* Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GT Gold GT Gold * Gungnir Res* Gungnir Res Gunpoint Expl Guyana Gldflds Guyana Goldstr Guyana Goldstr* Handa Mining Handeni Gold* Hanna Capital Hanna Capital* Hannan Metals

0.18 0.14 0.28 0.19 0.02 0.03 0.03 0.01 1.54 1.18 0.01 0.01 0.08 15.68 11.02 0.99 1.30 0.02 0.03 0.78 1.10 0.03 0.02 0.02 0.01 0.05 0.22 4.63 5.80 0.01 0.00 0.03 0.04 0.13 0.09 0.02 0.03 8.40 5.92 0.03 0.05 0.05 0.04 0.07 0.10 0.05 0.08 0.12 0.05 0.14 0.02 0.02 0.00 0.01 0.00 0.01 0.17 0.15 0.00 0.01 0.19 0.31 0.19 0.30 0.42 0.01 0.00 3.49 0.02 0.17 0.11 0.03 0.03 0.02 0.01 0.10 0.08 0.02 0.02 0.04 1.00 0.77 0.02 0.19 0.27 0.10 0.00 0.04 0.03 0.31 0.21 0.00 0.05 0.08 0.02 0.04 5.30 4.17 0.04 0.03 0.12 0.09 0.08 4.71 0.13 0.08 0.03 0.02 0.07 0.10 0.01 0.02 0.02 0.03 0.15 0.01 0.01 0.13 0.08 0.06 0.08 4.61 2.05 1.47 0.22 0.14 0.03 0.04 0.05 0.03 0.91 0.04 0.03 0.10 77.18 105.93 0.00 0.04 0.11 4.82 0.04 5.53 0.14 0.01 0.00 0.05 0.05 0.01 0.02

G-H 0.74 0.95 0.33 0.45 0.07 0.09 0.00 0.10 0.15 0.29 0.26 1.59 1.17 0.06 0.04 0.01 0.07 0.00 0.38 0.51 0.07 0.05 0.52 0.71 0.28 0.20 0.29

0.87 1.20 0.35 0.49 0.07 0.10 0.04 0.11 0.15 0.30 0.26 1.67 1.22 0.06 0.05 0.02 0.11 0.16 0.59 0.78 0.08 0.06 0.59 0.81 0.31 0.22 0.29

(100s)

12-month High Low

Change

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

0.13 0.14 0.26 0.40 0.03 0.03 0.02 0.03 0.05 0.10 0.02 0.78 0.56 0.03 0.02 0.01 0.06 0.07 0.20 0.27 0.02 0.03 0.26 0.37 0.24 0.17 0.22

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

1846 392 1759 730 267 985 33 985 369 32 146 252 194 77 1120 518 38 30 693 125 37 83 216 1 236 395 37 145 1636 324 157 30 100 997 1376 362 191 105 55 192 24 168 19 1 52 239 416 107 98282 26 20 30 1955 0 39418 1288 11918 726 207 33 114 54 5832 3 272 1183 3252 866 4 196 1094 481 394 2654 435 18 122 29 12351 728 1 25 91 5 905 183 7566 0 100 110 120 67 129 6 2380 480 338 437 16 412 165 88 2684 1811 557 41 3152 659 3 4 27 2502 1040 91 4 1 29 111 13 84 749 1365 18 61 510 427 1907 305 1704 635 201 2679 435 269 25 125 171 16 931 462 7 1359 432 468 2491 11323 275 21 308 622 1588 105 483 379 103 4 6 378 168 1030 922 810 1024 1322 58 151 3168 95 62 110 60 4488 615 44 7 10 172 5 952

Week Last

12-month

High

Low

Change

0.27 0.29 0.40 0.13 0.25 0.27 0.20 0.15 0.17 0.13 0.06 0.20 0.26 0.03 0.24 0.18 0.08 0.10 0.15 0.07 0.22 0.17 0.01 0.00 0.15 0.20 0.13 0.19 0.29 0.22 0.09 0.06 2.18 4.27 0.53 0.39 0.06 0.08 0.02 0.02 1.76 0.06 0.08 0.12 0.31 0.42 0.19 0.14 0.00 0.04 0.05 0.26 1.02 0.00 9.20 0.09 0.12 0.67 0.43 0.10 1.75 2.33 3.84 0.02 0.02 1.00 0.74 3.60 0.09 0.06 0.08 0.13 0.17 0.00 0.21 0.04 0.09 0.07 0.20 0.15 0.15 0.32 0.23 0.16 0.19 0.57 0.43 0.00 0.27 0.18 1.40 0.10 3.68 0.37 2.72 0.14 0.51 0.69 0.06 0.08 0.03 0.02 2.00 1.51 0.67 0.48 0.18 0.03 0.02 0.01 0.40 0.14 0.12 0.02 0.02 0.15 0.21 0.20 0.15 0.03 0.11 0.16 0.23 0.31 0.07 0.37 0.51 5.25 7.19 0.15 0.11 0.32 0.23 0.10 0.25 0.43 0.57 0.15 0.20 0.08 0.39 18.94 13.83 0.00 0.64 0.47 0.48 0.36 0.16 0.08 0.04 0.40 0.08 0.09 0.16 0.07 0.08 0.20 0.15 0.05 0.07 0.07 0.19 0.24 0.02 0.21 2.09 1.53 0.05 0.07 0.58 1.74 0.05 0.04 0.05 0.03 0.04 0.04 0.32

0.21 0.21 0.25 0.25 0.34 0.34 0.09 0.13 + 0.17 0.19 + 0.23 0.26 + 0.00 0.19 unch 0.11 0.13 0.15 0.16 0.10 0.10 0.00 0.06 + 0.16 0.19 + 0.23 0.26 + 0.03 0.03 + 0.22 0.24 + 0.16 0.17 + 0.05 0.05 0.08 0.08 0.13 0.13 unch 0.07 0.07 unch 0.00 0.21 + 0.13 0.15 0.01 0.01 unch 0.00 0.00 unch 0.11 0.14 + 0.17 0.19 + 0.09 0.11 + 0.12 0.19 + 0.26 0.28 unch 0.19 0.21 + 0.08 0.09 + 0.06 0.06 unch 2.05 2.05 4.04 4.06 0.49 0.50 unch 0.37 0.38 + 0.04 0.05 + 0.06 0.07 + 0.01 0.02 0.02 0.02 0.75 1.76 + 0.05 0.06 unch 0.08 0.08 unch 0.12 0.12 unch 0.28 0.29 + 0.39 0.39 0.12 0.17 + 0.12 0.14 + 0.00 0.00 unch 0.02 0.04 0.00 0.05 + 0.26 0.26 unch 0.86 1.02 + 0.00 7.85 unch 8.45 8.92 + 0.05 0.08 + 0.08 0.11 + 0.47 0.55 0.34 0.34 0.09 0.09 1.65 1.68 2.22 2.25 3.54 3.76 + 0.02 0.02 unch 0.01 0.02 unch 0.94 0.98 + 0.69 0.71 + 3.15 3.59 + 0.00 0.09 unch 0.05 0.05 0.07 0.07 0.11 0.11 0.15 0.15 0.00 0.00 0.17 0.21 + 0.00 0.04 + 0.08 0.08 0.06 0.07 + 0.09 0.18 + 0.07 0.14 + 0.15 0.15 unch 0.00 0.32 + 0.20 0.21 0.16 0.16 0.17 0.18 + 0.45 0.52 + 0.33 0.38 + 0.00 0.22 unch 0.24 0.24 + 0.16 0.18 + 1.25 1.28 0.09 0.09 3.44 3.68 + 0.19 0.19 unch 2.53 2.68 + 0.11 0.12 0.45 0.50 + 0.61 0.68 + 0.06 0.06 0.07 0.08 + 0.03 0.03 unch 0.02 0.02 1.67 1.98 + 1.24 1.45 + 0.51 0.60 0.00 0.43 0.16 0.16 0.03 0.03 + 0.00 0.02 + 0.00 0.01 + 0.25 0.40 + 0.13 0.14 + 0.09 0.10 + 0.02 0.02 unch 0.02 0.02 + 0.15 0.15 unch 0.00 0.21 + 0.17 0.20 + 0.13 0.13 0.03 0.03 + 0.09 0.11 + 0.13 0.15 + 0.00 0.23 + 0.27 0.31 0.06 0.07 + 0.33 0.35 + 0.42 0.48 + 4.68 4.84 6.37 6.63 0.13 0.14 unch 0.09 0.10 0.22 0.32 + 0.15 0.23 + 0.08 0.10 + 0.18 0.22 + 0.35 0.35 0.45 0.45 0.00 0.15 + 0.16 0.17 0.05 0.06 0.00 0.36 15.46 18.43 + 11.42 13.50 + 0.00 0.00 + 0.57 0.60 + 0.42 0.44 + 0.45 0.48 unch 0.28 0.36 + 0.00 0.16 + 0.07 0.08 + 0.03 0.03 0.30 0.39 + 0.07 0.08 + 0.08 0.09 + 0.14 0.16 + 0.07 0.07 unch 0.05 0.05 0.18 0.19 0.13 0.14 0.03 0.05 + 0.05 0.06 + 0.06 0.06 + 0.14 0.15 0.20 0.20 0.02 0.02 unch 0.18 0.20 + 1.67 2.02 + 1.25 1.47 + 0.00 0.05 + 0.06 0.06 0.52 0.52 unch 1.71 1.74 + 0.04 0.05 unch 0.02 0.04 + 0.00 0.05 unch 0.00 0.03 unch 0.04 0.04 unch 0.04 0.04 unch 0.29 0.30 unch

0.04 0.00 0.02 0.01 0.02 0.04 0.00 0.02 0.01 0.01 0.02 0.01 0.03 0.01 0.01 0.01 0.03 0.03 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.03 0.01 0.08 0.00 0.00 0.01 0.00 0.04 0.02 0.00 0.00 0.01 0.01 0.00 0.01 0.26 0.00 0.00 0.00 0.02 0.01 0.03 0.01 0.00 0.00 0.02 0.00 0.16 0.00 0.79 0.02 0.03 0.03 0.09 0.01 0.01 0.03 0.07 0.00 0.00 0.07 0.02 0.76 0.00 0.01 0.01 0.01 0.01 0.00 0.02 0.01 0.01 0.00 0.09 0.06 0.00 0.11 0.03 0.00 0.01 0.06 0.05 0.00 0.01 0.02 0.15 0.01 0.23 0.00 0.19 0.01 0.04 0.06 0.00 0.01 0.00 0.00 0.29 0.21 0.04 0.02 0.01 0.01 0.00 0.00 0.08 0.02 0.01 0.00 0.00 0.00 0.01 0.04 0.02 0.01 0.02 0.03 0.01 0.01 0.01 0.07 0.09 0.06 0.14 0.00 0.01 0.10 0.08 0.03 0.01 0.07 0.11 0.02 0.01 0.01 0.04 2.73 2.26 0.00 0.02 0.02 0.00 0.04 0.02 0.02 0.01 0.11 0.01 0.01 0.02 0.00 0.03 0.02 0.01 0.01 0.01 0.01 0.02 0.02 0.00 0.03 0.34 0.22 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00

(100s)

High Low

Stock

0.40 0.62 0.75 0.18 0.33 0.49 0.24 0.17 0.21 0.16 0.13 0.24 0.31 0.04 0.44 0.32 0.10 0.17 0.33 0.29 0.53 0.40 0.06 0.04 0.26 0.35 0.13 0.25 0.50 0.38 0.14 0.10 3.54 7.03 0.90 0.65 0.10 0.16 0.04 0.06 2.35 0.15 0.20 0.60 0.31 0.42 0.25 0.17 0.00 0.14 0.10 0.36 0.97 7.85 9.20 0.08 0.12 0.75 0.43 0.17 2.34 2.97 6.24 0.03 0.09 1.46 1.11 3.60 0.19 0.14 0.18 0.24 0.31 0.01 0.28 0.06 0.38 0.28 0.20 0.11 0.15 0.32 0.28 0.18 0.20 0.71 0.53 0.22 0.38 0.93 1.65 0.16 6.48 0.80 4.97 0.14 0.49 0.69 0.10 0.14 0.06 0.04 2.05 1.60 1.15 0.82 0.23 0.10 0.07 0.04 0.59 0.17 0.14 0.05 0.02 0.23 0.80 2.18 0.16 0.08 0.15 0.20 0.31 0.46 0.10 0.37 0.51 5.62 7.81 0.23 0.17 0.32 0.23 0.10 0.25 0.54 0.75 0.18 0.20 0.15 0.80 18.94 12.90 0.04 1.28 0.98 0.72 0.51 0.16 0.09 0.04 0.40 0.08 0.12 0.22 0.25 0.13 0.27 0.20 0.05 0.07 0.09 0.28 0.38 0.15 0.44 2.09 1.45 0.11 0.13 0.74 1.80 0.18 0.16 0.05 0.04 0.08 0.04 0.45

Hannan Metals* Happy Ck Mnrls Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di* Hawkeye Gld&Di Heatherdale Rs Hecla Mining* Hemcare Health* Hemlo Expl Hemlo Expl* Heron Res* Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* Hochschild Mg* Honey Badger E* Honey Badger E Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hybrid Mineral Hylands Intl

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

I-Minerals I-Minerals* IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls Iconic Mnls * Idaho Champion* Idaho Champion IEMR Res IM Exploration IMC Intl Mng IMC Intl Mng* iMetal Res iMetal Res* IMPACT Silver Imperial Metal Imperial Metal* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indiana Res* Indigo Expl Infinite Ore* Infinite Ore Infrastructure* Inomin Mines Intact Gold Integra Res* Integra Res Inter-Rock Mnl Intercontinent Intercontinent* Intl Battery* Intl Battery Intl Bethl Mng Intl Cobalt* Intl Cobalt Intl Lithium* Intl Lithium Intl Millm Mng Intl Montoro* Intl Montoro Intl Prospect * Intl Prospect Intl Samuel Ex* Intl Samuel Ex Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite Intl Zeolite* Intrepid Pots* INV Metals* INV Metals Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Irving Res* Irving Res IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Jade Leader* Jade Leader Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res Jazz Res JDF Explor Inc Jervois Mining Jervois Mining* Jiulian Res JNC Resources Josemaria Res* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K92 Mining* K92 Mining Kaizen Discov Kaizen Discvry* Karam Min Karnalyte Res Karoo Expl Karora Res* Karora Res KAT Expl* Kenadyr Mining* Kenadyr Mining Kerr Mines* Kerr Mines Kesselrun Res* Kesselrun Res Kestrel Gold Kilo Goldmines Kilo Goldmines* Kincora Copper* Kincora Copper King Global* King Global Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kirkland Lake* Kirkland Lake Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Komet Resource Kootenay Silvr* Kootenay Silvr Kore Mining

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

0.14 0.15 0.19 0.02 0.10 0.15 0.14 0.07 0.09 0.06 0.03 0.05 0.06 0.02 0.07 0.05 0.02 0.03 0.05 0.05 0.13 0.09 0.01 0.00 0.04 0.04 0.09 0.05 0.15 0.11 0.07 0.05 1.29 2.51 0.23 0.18 0.03 0.02 0.00 0.01 0.55 0.03 0.03 0.10 0.19 0.26 0.08 0.05 0.00 0.01 0.02 0.20 0.37 4.09 3.79 0.02 0.02 0.17 0.34 0.05 1.05 1.82 2.02 0.00 0.01 0.46 0.27 0.75 0.09 0.05 0.07 0.06 0.09 0.00 0.03 0.02 0.04 0.03 0.04 0.02 0.03 0.04 0.06 0.05 0.07 0.20 0.13 0.04 0.04 0.08 0.66 0.03 2.56 0.19 1.85 0.03 0.24 0.31 0.05 0.06 0.02 0.01 0.82 0.61 0.20 0.14 0.09 0.02 0.01 0.01 0.07 0.06 0.03 0.01 0.02 0.00 0.12 0.12 0.00 0.02 0.05 0.08 0.08 0.08 0.03 0.07 0.10 2.10 2.88 0.09 0.06 0.10 0.07 0.03 0.00 0.09 0.12 0.00 0.03 0.04 0.30 3.68 7.46 0.00 0.32 0.23 0.08 0.10 0.06 0.04 0.01 0.05 0.03 0.04 0.00 0.06 0.05 0.08 0.05 0.01 0.02 0.02 0.09 0.12 0.00 0.08 0.66 0.50 0.02 0.03 0.43 0.25 0.02 0.01 0.02 0.02 0.02 0.01 0.05

Exc Volume

Week

12-month

High

Low

Last

340 279 1185 36536 2979 673 58 273 275 890 651 42623 43 268 5 0 0 0 663 119 145 65 192 1575 93 213 224 29 3069 3437 360 80 8 48 160 17

0.24 0.10 0.35 3.66 0.13 0.10 0.08 0.12 0.02 0.02 0.18 3.16 1.67 0.57 0.34 0.02 0.00 0.00 1.75 1.28 0.03 0.02 0.08 0.04 2.67 0.03 0.03 0.07 2.99 4.07 0.13 0.10 0.04 0.05 0.04 0.06

0.21 0.09 0.25 3.28 0.11 0.08 0.05 0.07 0.00 0.01 0.14 2.85 1.05 0.44 0.33 0.02 0.00 0.00 1.50 1.10 0.03 0.02 0.07 0.04 2.33 0.01 0.03 0.06 2.77 3.77 0.11 0.08 0.00 0.04 0.03 0.00

0.21 0.09 0.30 3.60 0.12 0.09 0.08 0.10 0.00 0.02 0.17 2.96 1.66 0.53 0.33 0.02 0.01 0.22 1.68 1.26 0.03 0.02 0.08 0.04 2.41 0.03 0.03 0.07 2.80 3.84 0.11 0.09 0.04 0.05 0.04 0.04

82 5 6921 16243 0 658 40 34 1899 36 57 963 341 1130 153 1225 58 57 496 139 95 10 180 46 1 38 3 5859 460 70 210 1385 1454 100 1 4 50 37 62 97 76 181 131 657 450 2595 43 191 5 9 1625 2497 192 637 31 4220 33 433 26 705 200 303 320 457 475 5 3 331 653 3053 1 6 10 8035 1425 468 199 20 12 211 1346 9 106 854 607 375 125 19 20 146 320 11 42 126 13 0 207 692 4009 36 3 300 17 23 2453 7505 684 133 250 542 899 150 5065 281 6605 37 57 601 280 380 409 32 37 31 30666 89327 904 8368 4713 195 328 51 520 190 45 709 246 623 3716 1644

0.04 0.04 4.93 3.61 0.00 0.06 0.04 0.30 0.41 0.02 0.07 0.30 0.23 0.03 0.02 0.68 2.00 1.47 0.06 0.51 0.68 0.04 0.07 0.04 0.05 0.10 0.07 0.12 0.00 0.04 0.05 1.36 1.85 0.36 0.00 0.11 0.08 0.11 0.02 0.02 0.02 0.04 0.05 0.02 0.04 0.06 0.10 0.15 0.12 0.15 0.00 1.51 2.05 0.05 0.03 1.15 0.55 0.78 0.10 0.15 0.03 0.02 2.18 2.97 0.67 0.28 0.30 0.09 2.96 3.86 0.05 0.08 0.02 0.43 0.32 0.29 0.21 0.06 0.04 0.06 0.02 0.22 0.06 0.15 0.12 0.05 0.42 0.52 0.70 0.14 0.01 0.76 0.06 0.15 0.19 0.75 0.34 3.07 4.07 0.05 0.03 0.17 0.19 0.29 0.38 0.49 0.00 0.03 0.04 0.12 0.16 0.07 0.12 0.02 0.02 0.01 0.11 0.16 0.03 0.04 0.09 0.01 0.20 0.15 9.49 7.00 0.11 40.49 54.67 0.23 0.32 0.04 0.04 0.40 0.12 0.17 0.16 0.23 0.31 1.04

Change

High Low

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

0.01 0.01 0.04 0.32 0.00 0.01 0.03 0.03 0.00 0.00 0.01 0.11 0.12 0.11 0.01 0.00 0.00 0.00 0.18 0.19 0.00 0.01 0.01 0.00 0.05 0.00 0.00 0.00 0.02 0.04 0.02 0.00 0.01 0.00 0.01 0.00

0.34 0.14 0.35 4.54 0.35 0.26 0.25 0.30 0.05 0.07 0.24 3.66 1.92 0.69 0.48 0.32 0.03 0.30 1.89 1.45 0.06 0.04 0.19 0.13 2.79 0.03 0.05 0.09 5.59 7.30 0.45 0.38 0.10 0.14 0.05 0.06

0.04 0.06 0.15 1.76 0.08 0.05 0.04 0.06 0.00 0.01 0.06 1.38 0.52 0.17 0.04 0.04 0.01 0.17 0.57 0.42 0.02 0.01 0.06 0.04 0.99 0.01 0.01 0.03 1.23 1.66 0.07 0.04 0.02 0.04 0.01 0.03

0.03 0.03 0.00 0.03 4.56 4.93 + 3.36 3.59 + 0.00 0.03 unch 0.06 0.06 + 0.04 0.04 + 0.00 0.28 + 0.26 0.35 + 0.02 0.02 unch 0.06 0.06 unch 0.25 0.29 + 0.19 0.22 + 0.03 0.03 0.02 0.02 0.62 0.68 + 1.76 2.00 + 1.33 1.45 + 0.05 0.05 unch 0.36 0.47 0.59 0.60 0.00 0.04 + 0.06 0.06 0.04 0.04 0.02 0.02 0.09 0.09 0.06 0.07 + 0.08 0.11 + 0.00 0.00 unch 0.03 0.03 0.05 0.05 unch 1.06 1.29 + 1.45 1.77 + 0.34 0.36 + 0.00 0.23 unch 0.10 0.11 unch 0.07 0.08 0.09 0.10 0.02 0.02 + 0.01 0.02 unch 0.00 0.02 unch 0.00 0.04 + 0.04 0.05 unch 0.01 0.02 + 0.03 0.04 + 0.04 0.06 + 0.08 0.08 0.11 0.12 0.12 0.12 unch 0.13 0.13 0.00 0.00 unch 1.35 1.48 + 1.80 1.96 + 0.04 0.05 0.03 0.03 0.95 0.98 0.00 0.52 0.68 0.73 + 0.09 0.09 0.13 0.14 + 0.02 0.03 unch 0.02 0.02 1.84 2.18 + 2.52 2.97 + 0.54 0.58 0.00 0.28 unch 0.00 0.27 unch 0.07 0.09 + 2.65 2.76 + 3.66 3.80 + 0.05 0.05 unch 0.00 0.08 unch 0.02 0.02 unch 0.39 0.43 + 0.28 0.31 + 0.26 0.26 0.19 0.20 + 0.06 0.06 unch 0.03 0.04 + 0.00 0.05 0.02 0.02 + 0.00 0.22 unch 0.00 0.06 unch 0.13 0.14 unch 0.09 0.11 + 0.00 0.05 + 0.27 0.39 + 0.50 0.51 0.66 0.70 unch 0.08 0.09 0.01 0.01 0.00 0.76 + 0.05 0.05 0.13 0.15 unch 0.18 0.18 0.00 0.75 unch 0.30 0.33 + 2.75 2.78 3.75 3.80 0.04 0.05 + 0.00 0.03 + 0.17 0.17 unch 0.00 0.17 0.00 0.29 + 0.34 0.35 0.47 0.48 unch 0.00 0.00 unch 0.03 0.03 unch 0.04 0.04 unch 0.10 0.12 + 0.15 0.16 unch 0.05 0.07 unch 0.07 0.11 + 0.02 0.02 unch 0.01 0.01 0.00 0.01 + 0.09 0.10 0.12 0.13 0.00 0.00 0.03 0.03 unch 0.07 0.08 + 0.00 0.01 unch 0.00 0.18 0.12 0.13 + 8.87 9.43 + 6.50 6.88 + 0.09 0.10 + 37.84 38.72 + 51.75 53.01 + 0.20 0.20 + 0.28 0.29 + 0.02 0.03 0.03 0.04 unch 0.31 0.33 0.00 0.12 + 0.14 0.16 unch 0.12 0.15 + 0.20 0.23 + 0.28 0.30 + 0.79 1.03 +

0.01 0.01 0.43 0.29 0.00 0.01 0.00 0.07 0.10 0.00 0.00 0.01 0.01 0.01 0.00 0.08 0.10 0.09 0.00 0.04 0.07 0.00 0.01 0.01 0.03 0.02 0.00 0.03 0.00 0.01 0.00 0.25 0.36 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.02 0.01 0.04 0.00 0.03 0.00 0.07 0.08 0.01 0.01 0.17 0.00 0.01 0.01 0.01 0.00 0.00 0.30 0.42 0.05 0.00 0.00 0.00 0.04 0.09 0.00 0.00 0.00 0.04 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.16 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.03 0.11 0.07 0.01 0.00 0.00 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.04 0.00 0.01 0.00 0.02 0.03 0.02 0.00 0.01 0.00 0.03 0.02 0.74 0.48 0.01 0.44 0.96 0.00 0.01 0.01 0.00 0.06 0.01 0.00 0.04 0.04 0.05 0.22

0.08 0.06 5.55 4.17 0.11 0.12 0.09 0.47 0.44 0.04 0.15 1.00 0.73 0.12 0.09 0.74 2.93 2.17 0.08 0.62 0.82 0.18 0.09 0.06 0.05 0.15 0.08 0.12 0.00 0.05 0.09 1.36 1.85 0.36 0.33 0.25 0.13 0.18 0.10 0.02 0.02 0.05 0.07 0.02 0.04 0.06 0.11 0.16 0.15 0.30 0.00 1.69 2.27 0.13 0.09 3.87 0.55 0.80 0.15 0.21 0.05 0.03 3.48 4.60 0.84 1.23 1.63 0.90 3.46 4.54 0.27 0.35 0.04 0.43 0.32 0.45 0.34 0.25 0.06 0.09 0.03 0.44 0.71 0.25 0.21 0.05 0.42 0.91 1.22 0.40 0.03 0.95 0.07 1.02 1.15 2.00 0.40 3.50 4.47 0.08 0.06 0.17 0.33 0.60 0.55 0.73 0.00 0.07 0.11 0.21 0.27 0.07 0.12 0.04 0.02 0.01 0.12 0.19 0.04 0.10 0.23 0.03 0.28 0.15 10.64 7.67 0.20 51.08 67.87 0.35 0.45 0.04 0.05 0.49 0.15 0.22 0.16 0.30 0.40 1.04

0.02 0.01 2.00 1.44 0.01 0.04 0.02 0.04 0.04 0.01 0.04 0.15 0.18 0.02 0.01 0.22 0.99 0.70 0.03 0.01 0.16 0.03 0.03 0.00 0.02 0.06 0.01 0.03 0.00 0.03 0.03 0.40 0.61 0.16 0.10 0.08 0.05 0.07 0.01 0.00 0.01 0.02 0.03 0.01 0.01 0.01 0.05 0.07 0.12 0.05 0.00 0.33 0.43 0.02 0.02 0.60 0.13 0.17 0.05 0.07 0.01 0.01 1.02 1.45 0.23 0.14 0.21 0.03 1.35 1.80 0.02 0.04 0.01 0.11 0.05 0.19 0.12 0.01 0.02 0.03 0.01 0.14 0.06 0.11 0.05 0.01 0.18 0.21 0.31 0.04 0.01 0.38 0.03 0.06 0.10 0.20 0.11 1.12 1.55 0.03 0.02 0.03 0.09 0.04 0.14 0.20 0.00 0.02 0.02 0.06 0.10 0.02 0.03 0.01 0.01 0.00 0.02 0.01 0.00 0.01 0.06 0.01 0.07 0.01 4.00 2.72 0.05 18.03 25.67 0.10 0.14 0.01 0.02 0.12 0.05 0.05 0.05 0.08 0.11 0.15

I-J-K

(100s) Stock

Exc Volume

Kore Mining * O Kutcho Copper * O KWG Res* O KWG Res C

Week High

Low

849 222 3 1567

0.77 0.09 0.01 0.01

0.58 0.08 0.01 0.01

Last

21

12-month Change

High Low

0.76 + 0.09 + 0.01 unch 0.01 -

0.15 0.01 0.00 0.01

0.73 0.21 0.01 0.01

0.09 0.03 0.00 0.01

0.18 0.23 + 0.23 0.33 + 0.01 0.01 17.21 17.36 23.49 23.80 0.02 0.03 unch 0.80 0.86 + 0.21 0.22 0.00 0.00 0.79 0.83 + 0.58 0.60 + 0.08 0.08 unch 0.01 0.01 unch 0.00 0.00 0.00 0.05 unch 0.00 0.10 unch 0.00 0.11 + 0.14 0.14 unch 0.08 0.08 0.11 0.11 0.30 0.32 0.25 0.27 0.00 0.00 unch 0.07 0.08 0.10 0.11 + 1.22 1.54 + 0.07 0.07 unch 0.04 0.06 + 0.00 0.07 unch 0.00 0.20 unch 0.00 0.15 unch 1.57 1.63 + 1.15 1.22 + 0.02 0.02 unch 0.14 0.14 5.78 5.88 4.25 4.30 0.18 0.19 0.24 0.24 0.10 0.12 0.06 0.06 unch 0.00 0.09 0.04 0.04 unch 0.03 0.03 0.07 0.08 + 0.10 0.14 + 0.10 0.10 0.00 0.04 + 0.02 0.02 + 0.41 0.41 0.55 0.55 0.00 0.67 0.19 0.19 unch 0.30 0.34 + 0.16 0.18 + 0.12 0.12 unch 0.62 0.64 + 0.19 0.20 + 0.00 0.14 0.21 0.21 unch 0.00 0.35 0.57 0.61 + 0.76 0.83 + 0.75 0.83 + 11.80 12.37 + 4.85 5.12 + 6.58 6.99 + 0.00 0.01 0.02 0.02 unch 0.00 0.01 1.29 1.30 1.23 1.27 -

0.06 0.10 0.00 0.20 0.03 0.00 0.03 0.03 0.00 0.06 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.02 0.03 0.01 0.03 0.00 0.00 0.01 0.32 0.00 0.01 0.00 0.00 0.00 0.11 0.11 0.00 0.03 0.28 0.24 0.01 0.03 0.01 0.00 0.02 0.00 0.00 0.02 0.02 0.02 0.01 0.00 0.02 0.03 0.28 0.00 0.05 0.02 0.00 0.02 0.01 0.02 0.00 0.07 0.04 0.07 0.07 0.60 0.30 0.41 0.00 0.00 0.01 0.01 0.06

0.25 0.33 0.20 27.20 36.01 0.32 0.89 0.37 0.01 1.99 1.56 0.18 0.02 0.02 0.11 0.15 0.16 0.22 0.23 0.29 0.55 0.70 0.00 0.18 0.23 1.54 0.11 0.08 0.09 0.20 0.20 2.14 1.64 0.06 0.18 8.00 6.03 0.35 0.50 0.20 0.14 0.24 0.10 0.08 0.19 0.28 1.60 0.06 0.04 0.64 0.88 1.09 0.40 0.52 0.20 0.14 1.59 0.49 0.36 1.62 2.20 0.62 0.84 1.02 13.49 6.34 8.08 0.05 0.07 0.16 2.02 2.05

0.09 0.10 0.00 9.71 13.25 0.02 0.44 0.10 0.00 0.56 0.40 0.08 0.01 0.00 0.04 0.05 0.08 0.09 0.03 0.01 0.08 0.14 0.00 0.02 0.03 0.36 0.04 0.02 0.07 0.08 0.05 0.62 0.46 0.01 0.14 2.90 1.92 0.07 0.10 0.05 0.01 0.03 0.03 0.03 0.04 0.03 0.09 0.02 0.01 0.11 0.18 0.10 0.14 0.20 0.12 0.09 0.40 0.08 0.05 0.10 0.13 0.29 0.46 0.41 5.82 2.82 4.08 0.00 0.01 0.00 0.58 0.55

0.01 0.01 0.01 0.01 1.38 0.15 0.20 0.15 0.00 0.00 0.01 0.00 0.00 0.03 0.02 0.04 0.07 0.00 0.48 0.29 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.10 0.11 0.00 0.00 0.02 0.02 0.00 0.00 0.03 0.09 0.00 0.01 0.00 8.23 0.00 0.50 0.01 0.02 0.02 0.01 0.00 0.28 0.19 0.04 0.06 0.01 0.00 0.00 0.00 0.08 0.01 0.06 0.00 0.09 0.08 0.01 0.00 0.07 0.02 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.00 0.01 0.01 0.01 0.00 0.14 0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.45 0.01 0.00 0.00 0.10 0.25 0.00 0.01

0.38 0.30 0.16 0.21 19.14 2.50 1.10 0.77 0.14 0.05 0.07 0.42 0.63 0.85 0.93 0.37 0.49 0.05 2.12 1.55 0.10 0.15 0.13 0.09 0.06 0.08 0.14 0.11 1.34 1.77 0.04 0.06 0.12 0.08 0.13 0.17 2.63 1.44 0.20 0.12 0.06 281.82 0.12 50.00 0.28 0.36 0.18 0.09 0.05 7.33 5.72 0.32 0.43 0.87 0.09 0.13 4.54 1.73 2.50 0.18 0.65 2.84 2.14 0.10 0.40 3.43 0.22 0.16 0.08 0.15 0.00 0.16 0.12 0.09 0.19 0.12 0.21 0.15 0.34 0.01 1.25 0.88 0.22 0.17 0.01 0.01 0.04 0.03 0.08 8.69 0.43 0.33 0.01 0.99 2.60 1.80 0.06

0.07 0.04 0.03 0.04 5.33 0.20 0.19 0.02 0.03 0.02 0.04 0.02 0.63 0.50 0.22 0.07 0.10 0.02 0.46 0.10 0.04 0.06 0.03 0.02 0.02 0.02 0.04 0.03 0.52 0.71 0.02 0.02 0.05 0.03 0.02 0.03 1.00 0.03 0.13 0.05 0.05 135.08 0.03 0.51 0.08 0.12 0.10 0.02 0.00 3.10 2.51 0.09 0.13 0.06 0.02 0.03 0.05 0.65 0.82 0.04 0.39 0.76 0.53 0.01 0.14 1.28 0.05 0.03 0.02 0.03 0.00 0.02 0.05 0.03 0.05 0.05 0.06 0.03 0.01 0.01 0.06 0.01 0.04 0.11 0.00 0.01 0.01 0.00 0.02 3.84 0.10 0.07 0.01 0.11 0.89 0.81 0.02

L Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res Largo Res* Lasalle Explor Latin American Latin American* Latin Metals* Latin Metals Laurion Mnl Ex* Laurion Mnl Ex Leading Edge* Leading Edge Leeta Gold Legion Metals Lepanto Con Mg* Libero Copper* Libero Copper Liberty Gold* Liberty One Li Liberty One Li* Lightspeed Dis* Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lions Bay Cap Lions Gate Mtl* Lithium Amer Lithium Amer* Lithium Chile* Lithium Chile Lithium Corp* Lithium Energi* Lithium Energi Lithoquest Dia Lithoquest Dia* LKA Gold* Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res Lovitt Res* Lucara Diam Lucky Min Lucky Min* Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lydian Intl* Lynas Corp* Lynas Corp*

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

58 1043 69 4 1030 450 143 670 13465 775 606 835 856 17 15 104 1 172 286 283 7856 978 500 384 2691 2502 304 247 0 0 6 892 404 48 6 785 2007 56 193 1146 3 33 20 20 17 90 39 613 90 64 224 12 1 289 53 38 688 132 11 0 20 329 893 275 1343 220 10609 4 504 416 199 182

0.25 0.33 0.01 18.11 24.93 0.03 0.89 0.24 0.01 0.87 0.65 0.09 0.02 0.01 0.05 0.10 0.11 0.15 0.11 0.14 0.37 0.29 0.00 0.09 0.12 1.54 0.07 0.06 0.00 0.00 0.15 1.75 1.28 0.03 0.17 6.42 4.79 0.21 0.28 0.13 0.06 0.11 0.04 0.03 0.08 0.14 0.10 0.04 0.03 0.48 0.63 1.02 0.19 0.36 0.20 0.12 0.69 0.21 0.20 0.21 0.40 0.61 0.84 0.86 12.46 5.41 7.02 0.01 0.02 0.02 1.43 1.39

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns MAG Silver Magellan Gold* Magna Gold Magna Gold* Magnum Goldco Majestic Gold* Majestic Gold Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Maple Gold Maple Gold* Marathon Gold* Marathon Gold Margaret Lake* Margaret Lake Margaux Res Margaux Res* Marifil Mines* Marifil Mines Marimaca Cop Marimaca Cop* Mariner Res Maritime Res Martina Mnls MartinMarietta* Mas Gold Mascota Res* Mason Graphite* Mason Graphite Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent* MaxTech Vent Maxwell Res* Maya Gold &Sil* Maya Gold &Sil Mazarin McChip Res McEwen Mng McEwen Mng* McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium Mega Uranium* Megastar Dev Megastar Dev* MegumaGold MegumaGold* Melior Res Melior Res* Melkior Res Melkior Res* Meridian Mg Meridius Res Meryllion Res* Meryllion Res MetalCorp MetalCorp* Metalex Vent Metalla Rylty Metallic Mnrls Metallic Mnrls* Metallica Min* Metallis Res Metalore Res Metalore Res* Metals Creek*

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

281 47 1683 3496 1513 2 273 81 37 11 1160 816 4 408 492 1733 3899 470 1763 41 29 282 429 6 434 2864 1528 625 367 3119 0 105 1846 39 23 1042 117 1 30 2957 302 3209 104 0 269 173 41 931 400 902 1244 296 1835 366 155 143 0 16 502 52 2 2029 17826 235 300 310 1421 1150 10 904 4311 5 1214 289 83 25 1108 532 12 0 294 146 162 4 2 197 3 13 202 577 783 543 25 298 2 0 196

0.19 0.15 0.08 0.10 18.10 0.81 1.10 0.80 0.05 0.04 0.05 0.42 0.63 0.85 0.41 0.37 0.49 0.04 1.97 1.46 0.09 0.12 0.08 0.05 0.04 0.05 0.10 0.08 1.33 1.78 0.00 0.04 0.09 0.07 0.04 0.04 1.99 1.44 0.15 0.11 0.05 213.33 0.12 2.50 0.18 0.24 0.14 0.04 0.02 5.99 4.37 0.30 0.42 0.11 0.07 0.08 0.00 1.27 1.97 0.18 0.00 1.35 0.98 0.08 0.28 1.91 0.16 0.12 0.05 0.07 0.00 0.02 0.10 0.07 0.11 0.07 0.18 0.14 0.04 0.01 0.95 0.70 0.20 0.12 0.00 0.01 0.02 0.01 0.03 8.11 0.43 0.33 0.01 0.39 2.25 0.00 0.05

M 0.17 0.17 0.12 0.13 0.06 0.07 + 0.09 0.10 + 17.00 18.09 + 0.00 0.80 + 0.89 1.10 + 0.63 0.80 + 0.05 0.05 unch 0.03 0.03 + 0.05 0.05 + 0.25 0.42 unch 0.63 0.63 unch 0.80 0.85 + 0.31 0.32 + 0.29 0.31 0.40 0.42 0.03 0.03 unch 1.45 1.90 + 1.08 1.40 + 0.08 0.08 0.11 0.12 + 0.07 0.07 unch 0.04 0.05 + 0.02 0.03 0.04 0.04 0.09 0.10 + 0.06 0.07 + 1.15 1.30 + 1.61 1.77 + 0.00 0.02 unch 0.03 0.03 unch 0.07 0.09 + 0.00 0.06 + 0.00 0.03 0.04 0.04 unch 1.78 1.85 + 1.35 1.35 0.15 0.15 unch 0.10 0.11 + 0.00 0.05 unch 198.81 202.79 0.00 0.12 unch 0.00 2.50 + 0.15 0.16 0.21 0.22 0.12 0.12 0.03 0.03 0.02 0.02 unch 5.53 5.84 + 4.05 4.26 + 0.25 0.28 + 0.34 0.39 + 0.09 0.11 + 0.04 0.05 0.07 0.08 unch 0.00 0.07 unch 1.13 1.15 1.51 1.55 0.12 0.12 0.00 0.41 unch 1.22 1.32 + 0.89 0.97 + 0.06 0.07 0.26 0.26 unch 1.77 1.77 0.13 0.16 + 0.09 0.11 + 0.05 0.05 unch 0.06 0.06 0.00 0.00 0.02 0.02 unch 0.08 0.09 unch 0.06 0.06 0.10 0.10 0.07 0.07 unch 0.14 0.16 + 0.10 0.12 + 0.00 0.04 + 0.01 0.01 unch 0.74 0.94 + 0.56 0.68 + 0.15 0.16 unch 0.12 0.12 unch 0.00 0.00 + 0.00 0.01 unch 0.00 0.02 unch 0.01 0.01 unch 0.02 0.03 unch 7.12 7.31 0.40 0.42 + 0.30 0.31 + 0.01 0.01 unch 0.26 0.37 + 0.00 2.00 0.00 1.42 unch 0.03 0.05 +

22

WWW.NORTHERNMINER.COM

JULY 6–JULY 12, 2020 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.05 0.06 + 0.05 0.06 0.24 0.24 unch 0.04 0.06 + 0.00 0.00 unch 0.00 0.00 0.03 0.04 0.00 0.05 0.18 0.18 unch 0.52 0.55 + 0.38 0.41 + 0.85 0.87 + 0.12 0.12 0.10 0.10 + 0.13 0.14 0.71 0.75 + 0.99 1.05 + 0.15 0.17 + 0.20 0.23 + 0.05 0.05 unch 0.27 0.35 + 0.38 0.47 + 0.38 0.39 + 0.50 0.53 + 0.35 0.39 + 0.48 0.55 + 0.13 0.13 + 0.17 0.17 0.21 0.22 0.28 0.29 0.00 0.00 unch 0.08 0.08 + 0.05 0.05 0.03 0.04 + 0.00 0.00 unch 0.18 0.19 0.05 0.05 unch 0.14 0.14 unch 0.34 0.37 + 0.19 0.25 + 0.09 0.09 0.07 0.07 unch 0.11 0.12 + 0.03 0.03 0.00 0.04 0.33 0.36 0.24 0.26 0.11 0.11 0.15 0.15 0.00 0.12 0.17 0.22 + 0.00 0.06 + 0.00 0.07 unch 0.04 0.04 unch 0.00 0.09 unch 0.06 0.07 0.15 0.17 0.21 0.23 11.68 12.08 0.24 0.37 + 0.17 0.27 + 0.00 0.22 0.30 0.30 0.12 0.13 0.11 0.11 0.08 0.08 0.04 0.04 unch 0.07 0.07 + 0.32 0.32 unch 0.00 0.11 + 0.13 0.15 +

Metals Creek Metals X* Metron Capital Mexican Gold* Mexivada Mng* Mexus Gold* MGX Minerals* MGX Minerals Mich Resources Midas Gold Midas Gold* Midland Expl Midnight Star Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millrock Res* Millrock Res Milner Con Slv Minaurum Gold* Minaurum Gold Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Mtn* Mineral Mtn MineralRite* Mineworx Tech Mineworx Tech* Minfocus Expl Mining Global* Minnova Corp Minsud Res Miramont Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Gold Monarch Gold* Moneta Porcpn* Moneta Porcpn Monitor Vent* Monitor Vent Monterey Min Montero Mg&Ex Montero Mg&Ex * Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov MPV Explor Mundoro Cap Mundoro Cap* Murchison Min* Murchison Min Musgrave Min* MX Gold* MX Gold

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

1306 134 42 76 33 48453 262 428 29 1309 1279 150 688 166 398 31 77 541 914 3 981 753 58 328 1158 2526 144 611 424 435 1010 423 219 304 1750 143 15 22 568 2174 68 227 259 1 264 4940 1071 2813 4717 0 22 427 641 4 307 93 40 56 18501 829 505 331 815 144 361 175 4 116 50 5 97

0.06 0.06 0.25 0.06 0.00 0.00 0.04 0.06 0.18 0.58 0.44 0.91 0.17 0.11 0.15 0.83 1.13 0.17 0.23 0.05 0.36 0.50 0.42 0.60 0.40 0.55 0.16 0.21 0.25 0.33 0.00 0.08 0.06 0.04 0.00 0.21 0.05 0.14 0.38 0.25 0.11 0.07 0.12 0.04 0.04 0.40 0.29 0.13 0.18 0.13 0.22 0.07 0.07 0.04 0.09 0.07 0.18 0.24 13.30 0.37 0.27 0.24 0.34 0.16 0.12 0.10 0.04 0.08 0.32 0.12 0.16

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Napier Vent Napier Vent* Natural Res Pt* Nautilus Mnrls* Navy Res Neo Lithium Neometals* Network Expl* Network Expl Nevada Canyon* Nevada Copper Nevada Energy* Nevada Energy Nevada Expl * Nevada Expl Nevada Sunrise* Nevada Sunrise Nevada Zinc Nevado Res New Age Metals New Age Metals* New Carolin Gd* New Carolin Gd New Destiny Mg New Dimen Res New Dimen Res* New Egy Min* New Energy Met* New Energy Met New Gold* New Gold New Guinea Gld* New Jersey Mng* New Klondike* New Milln Iron* New Milln Iron New Oroperu New Pac Metals* New Pac Metals New Placer* New Placer New Stratus New Tech Min* New Tech Min New World Res* Newlox Gold Newmac Res Newmont Corp* Newmont Corp Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexco Res Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals* NGEx Minerals Nickel Creek Nickel Creek* Nickel North Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* NKWE Platinum* Noble Metal Noble Metal * Noble Mineral* Noble Mineral Noka Res* Noram Vent* Noram Vent Noranda Alum* Noront Res* Noront Res Norra Metals Norse Gold Norseman Cap Norsemont Cap Norsemont Cap* Nortec Mnls Nortec Mnls*

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

20 158 239 313 231 7 94 277 48 551 200 44 405 1 1140 1 102 110 255 278 628 119 125 1094 772 68 497 557 781 0 4 47 255 41386 12629 205 64 0 1 433 74 837 434 6 1566 42 250 149 0 849 15 58949 579 103 14 653 1920 7 356 32 1763 1531 544 420 6278 6 36 908 289 83 151 8 236 980 205 48 311 619 365 96 0 7 0 1033 655 159 208 219 1 143 448 325 140 94 198 100 5789 121

0.01 24.20 0.18 0.14 0.07 0.04 12.80 0.01 0.25 0.50 0.13 0.27 0.37 0.07 0.21 0.06 0.08 0.10 0.14 0.04 0.05 0.05 0.08 0.06 0.05 0.04 0.06 0.04 0.04 0.00 0.01 0.04 0.04 1.35 1.84 0.00 0.24 0.00 0.05 0.06 2.10 3.90 5.38 0.30 0.42 0.05 0.01 0.02 0.36 0.06 0.06 60.09 82.10 0.35 0.00 0.15 0.20 9.10 6.75 0.06 1.80 1.34 0.04 0.05 0.07 0.30 0.43 0.09 0.06 0.02 0.10 0.08 1.57 2.14 0.42 0.17 0.82 0.62 0.04 0.03 0.11 0.01 0.00 0.04 0.06 0.90 0.10 0.13 0.00 0.13 0.17 0.03 0.04 0.06 1.75 1.31 0.03 0.01

Last

12-month

High

Change

Stock

0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.06 0.00 0.01 0.01 0.03 0.01 0.02 0.00 0.09 0.13 0.02 0.03 0.04 0.08 0.00 0.02 0.01 0.02 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.04 0.03 0.01 0.00 0.02 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.05 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.82 0.08 0.05 0.03 0.02 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.01

0.08 0.18 0.42 0.14 0.00 0.03 0.20 0.25 0.50 0.91 0.68 1.04 0.35 0.15 0.22 1.29 1.70 0.19 0.26 0.05 0.43 0.55 0.73 0.99 0.39 0.55 0.16 0.21 0.43 0.53 0.00 0.24 0.18 0.05 0.00 0.21 0.15 0.17 0.75 0.35 0.16 0.36 0.60 0.06 0.08 0.40 0.29 0.15 0.20 0.16 0.22 0.12 0.20 0.17 0.09 0.09 0.50 0.65 25.71 0.37 0.27 0.86 1.49 0.18 0.21 0.14 0.11 0.18 0.32 0.21 0.40

0.03 0.03 0.06 0.01 0.00 0.00 0.02 0.04 0.08 0.24 0.16 0.46 0.10 0.04 0.03 0.38 0.61 0.06 0.07 0.02 0.16 0.22 0.14 0.20 0.09 0.12 0.07 0.05 0.07 0.10 0.00 0.07 0.05 0.02 0.00 0.05 0.01 0.05 0.29 0.02 0.05 0.06 0.08 0.01 0.02 0.11 0.07 0.04 0.06 0.08 0.12 0.02 0.01 0.02 0.04 0.02 0.06 0.08 6.50 0.14 0.09 0.17 0.25 0.06 0.09 0.00 0.04 0.04 0.32 0.00 0.10

0.00 2.42 0.01 0.01 0.02 0.00 0.42 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.22 0.33 0.00 0.00 0.00 0.00 0.00 0.05 0.27 0.37 0.01 0.03 0.02 0.00 0.00 0.00 0.00 0.01 2.42 3.70 0.02 0.00 0.02 0.03 1.38 1.13 0.00 0.05 0.04 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.32 0.45 0.05 0.03 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.18 0.00 0.02 0.00 0.00 0.01 0.00 0.00 0.01 0.15 0.16 0.00 0.00

0.03 66.40 0.31 0.24 0.30 0.28 36.93 0.03 0.25 0.92 0.15 0.40 0.50 0.25 0.38 0.11 0.16 0.30 0.39 0.06 0.08 0.09 0.17 0.15 0.11 0.11 0.15 0.15 0.06 0.04 0.01 0.24 0.32 1.56 2.07 0.13 0.25 0.00 0.07 0.10 2.15 5.60 7.17 0.42 0.54 0.25 0.03 0.05 0.36 0.10 0.08 69.13 96.45 0.45 0.04 0.15 0.20 14.33 10.98 0.07 2.31 1.78 0.10 0.09 0.12 0.32 0.66 0.15 0.10 0.04 0.14 0.11 2.01 3.65 0.53 0.28 0.94 0.72 0.05 0.04 0.11 0.01 0.01 0.10 0.14 1.97 0.14 0.21 0.02 0.20 0.28 0.05 0.05 0.13 1.75 1.31 0.05 0.02

0.00 21.01 0.08 0.06 0.04 0.04 8.50 0.00 0.10 0.38 0.08 0.06 0.08 0.03 0.13 0.02 0.04 0.08 0.12 0.01 0.01 0.03 0.07 0.03 0.02 0.02 0.03 0.02 0.02 0.02 0.01 0.00 0.02 0.39 0.55 0.00 0.12 0.00 0.03 0.04 0.35 1.61 2.21 0.19 0.19 0.03 0.01 0.01 0.22 0.03 0.03 33.00 44.00 0.25 0.00 0.05 0.07 3.94 2.57 0.03 0.76 0.50 0.02 0.01 0.03 0.16 0.24 0.02 0.02 0.01 0.04 0.04 0.26 0.97 0.19 0.10 0.50 0.36 0.01 0.01 0.08 0.01 0.00 0.02 0.03 0.26 0.04 0.05 0.00 0.08 0.12 0.02 0.02 0.04 0.25 0.20 0.01 0.00

North Am Nickl* North Am Nickl North Arrow Mn* North Arrow Mn North Bay Res * Northcliff Res Northern Light Northern Uran Northisle C&G * Northisle C&G Northstar Gold Northstar Gold* Northway Res Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res* Novo Res NQ Minerals Pl* NRG Metals* NRG Metals Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Lion* Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nthrn Sphere* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold NV Gold* NxGold Ltd* NxGold Ltd O.T. Mining* O3 Mining* O3 Mining OceanaGold OceanaGold* Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Odyssey Res Olivut Res Olivut Res* Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl Optimum Vent Opus One Res Orbite Tech* Orca Gold Orca Gold* Ord Mountain Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold Orezone Gold* Orford Mining OrganiMax* OrganiMax Origen Res Origin Gold Original Sixtn* Orla Mng Ltd* Orla Mng Ltd Oroco Res Oroco Res* Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Osprey Gold Otso Gold Otso Gold* Outcrop Gold Outcrop Gold* OZ Minerals*

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

Pac Bay Mnrls Pac Booker Min Pac Booker Min* Pac Cascade Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire Pacific Rim Pacific Rim* Pacific Silk* Pacific Silk Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pan Am Silver* Pan Am Silver Pan Global Res Pancontinental Pancontinental* Pangolin Dia Panoro Mnrls Panoro Mnrls* PanTerra Gold* Pantheon Vent Para Resources Parallel Mng Parallel Mng * Paramount Gold* Paringa Res* Parlane Res Pasinex Res Pasofino Gold Patriot Gold* Peabody Enrgy* Pelangio Expl* Pelangio Expl Peloton Mnrls Peloton Mnrls* PepinNini Lith* Perseus Mng Pershimex Res Pershing Res* Peruvian Metal* Peruvian Metal Petra Diamonds* Philex Mng* Philippine Mtl Phoenix Global* Phoenix Gold Pike Mountain Pine Cliff En* Pine Cliff En Pinecrest Res *

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

N-O 0.00 21.01 0.15 0.10 0.06 0.04 12.19 0.00 0.25 0.47 0.13 0.20 0.27 0.00 0.18 0.00 0.00 0.09 0.13 0.03 0.04 0.05 0.07 0.05 0.03 0.04 0.05 0.04 0.03 0.00 0.01 0.00 0.00 1.14 1.55 0.00 0.22 0.00 0.05 0.05 1.87 3.55 4.83 0.00 0.35 0.03 0.01 0.02 0.36 0.05 0.00 57.47 78.41 0.33 0.00 0.12 0.16 7.06 5.08 0.05 1.66 1.23 0.04 0.04 0.06 0.00 0.40 0.06 0.04 0.02 0.09 0.06 1.25 1.70 0.37 0.13 0.78 0.56 0.00 0.00 0.11 0.01 0.00 0.04 0.06 0.57 0.00 0.10 0.00 0.11 0.15 0.03 0.04 0.00 1.58 1.15 0.01 0.01

0.00 21.25 0.16 0.11 0.06 0.04 12.24 0.00 0.25 0.47 0.13 0.24 0.35 0.07 0.19 0.06 0.07 0.09 0.13 0.04 0.05 0.05 0.07 0.05 0.04 0.04 0.06 0.04 0.04 0.02 0.01 0.04 0.04 1.34 1.84 0.00 0.22 0.00 0.05 0.05 2.05 3.85 5.25 0.27 0.37 0.03 0.01 0.02 0.36 0.06 0.04 59.34 81.05 0.35 0.00 0.14 0.19 9.10 6.66 0.05 1.76 1.31 0.04 0.05 0.06 0.30 0.43 0.07 0.05 0.02 0.10 0.07 1.56 2.14 0.40 0.16 0.80 0.59 0.04 0.02 0.11 0.01 0.00 0.04 0.06 0.76 0.09 0.12 0.00 0.12 0.15 0.03 0.04 0.06 1.74 1.31 0.01 0.01

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

(100s)

High Low

Exc Volume

(100s) Stock

Week High

Low

2 36 9 114 18005 5031 1111 217 8 221 342 5 715 180 292 329 980 157 3476 15434 1079 1088 78 115 45 116 300 16 2 7 1008 1073 482 114 395 35 191 4574 19136 5 1147 456 0 2209 1327 7734 16725 243 38 85 111 8 70 250 8158 3 134 12 1271 22 0 9 152 1743 975 721 338 68 15 59 7 832 55 45 1174 2781 48 120 1669 384 211 8 217 284 837 33 65 1353 1158 901 239 730 72 185 475 348 1360 3510 2205 68 1259 3681 436 1477 227 2692 1120 1

0.06 0.08 0.05 0.07 0.00 0.03 0.04 0.01 0.04 0.07 0.40 0.27 0.09 0.11 0.07 0.05 0.22 0.17 12.26 9.03 2.82 3.82 0.12 0.25 0.30 0.18 0.13 0.30 0.14 0.04 0.09 0.34 0.25 0.21 0.29 0.20 0.09 2.07 1.53 0.02 0.24 0.01 0.00 0.11 0.08 36.13 48.83 0.19 0.14 0.24 0.39 0.05 2.00 2.47 3.05 2.10 0.16 0.09 0.20 0.14 0.00 0.04 0.04 0.49 0.36 0.14 0.11 0.09 0.29 0.04 0.00 0.43 0.32 0.25 0.13 0.19 0.08 0.11 0.87 0.64 0.08 0.05 0.08 0.16 0.19 0.22 2.86 3.85 0.49 0.36 2.36 0.07 0.28 0.21 0.17 0.13 1.23 9.99 13.50 0.35 0.49 3.54 0.06 0.07 0.05 0.39 0.29 7.40

0.05 0.00 0.00 0.06 0.00 0.02 0.03 0.01 0.00 0.00 0.35 0.27 0.09 0.10 0.06 0.04 0.19 0.14 11.16 8.19 2.40 3.45 0.05 0.20 0.00 0.15 0.10 0.00 0.14 0.03 0.08 0.30 0.00 0.19 0.25 0.13 0.07 1.84 1.34 0.02 0.20 0.01 0.00 0.09 0.06 32.75 44.81 0.16 0.12 0.22 0.30 0.03 1.63 2.21 2.79 2.10 0.14 0.09 0.15 0.10 0.00 0.03 0.02 0.36 0.27 0.11 0.08 0.00 0.29 0.00 0.00 0.39 0.29 0.20 0.10 0.13 0.07 0.00 0.72 0.52 0.06 0.03 0.00 0.14 0.16 0.22 2.55 3.50 0.38 0.29 2.12 0.05 0.25 0.18 0.16 0.12 1.04 9.29 12.73 0.30 0.42 3.27 0.06 0.06 0.04 0.31 0.23 7.34

0 21 2 2408 33 540 1202 27 473 70 50 1 50 1354 1185 57 5 196 245 207 2828 140 14302 3194 92 385 46 1054 41 562 0 96 101 183 8 905 52 105 123 613 161 10202 19 173 25 12 700 146 337 875 65 2161 25 57 775 4 133 110 7 127 0

0.00 2.58 1.79 0.05 0.02 0.06 0.04 0.00 0.06 0.15 0.11 0.01 0.02 1.25 0.08 0.18 0.12 1.59 0.01 0.02 0.10 0.10 29.46 39.88 0.19 0.07 0.05 0.03 0.12 0.09 0.01 0.07 0.25 0.16 0.12 1.19 0.02 0.05 0.04 0.24 0.05 3.21 0.15 0.20 0.09 0.06 0.00 1.20 0.08 0.01 0.03 0.04 0.03 0.06 0.06 0.34 0.04 0.17 0.10 0.14 0.00

Last

12-month Change

High Low

0.05 0.08 unch 0.05 unch 0.07 + 0.00 unch 0.03 0.03 0.01 unch 0.04 + 0.07 + 0.36 0.27 unch 0.09 0.11 + 0.07 + 0.05 + 0.21 0.15 11.75 + 8.61 + 2.79 + 3.81 + 0.05 0.22 0.28 0.16 0.12 0.30 + 0.14 unch 0.03 0.08 unch 0.31 0.23 0.20 + 0.26 + 0.19 0.07 1.97 1.46 0.02 unch 0.21 + 0.01 unch 0.01 + 0.09 + 0.07 + 33.03 45.10 0.18 + 0.13 + 0.23 + 0.34 + 0.05 1.80 + 2.47 + 2.93 + 2.10 unch 0.15 0.09 unch 0.20 + 0.14 + 0.03 unch 0.04 + 0.03 + 0.48 + 0.36 + 0.12 0.09 + 0.09 unch 0.29 unch 0.04 unch 0.00 unch 0.39 0.30 0.25 + 0.12 0.17 + 0.07 0.09 0.87 + 0.64 + 0.08 + 0.05 + 0.07 + 0.15 unch 0.17 + 0.22 + 2.70 + 3.72 + 0.48 + 0.35 + 2.15 0.06 + 0.25 unch 0.18 0.17 + 0.12 + 1.16 + 9.68 + 13.24 + 0.31 0.42 3.46 + 0.06 + 0.06 + 0.05 + 0.36 + 0.27 + 7.40 +

0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.03 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.41 0.24 0.29 0.36 0.07 0.02 0.03 0.01 0.00 0.11 0.00 0.01 0.00 0.03 0.01 0.02 0.01 0.02 0.02 0.07 0.01 0.00 0.01 0.00 0.00 0.01 0.00 2.65 3.52 0.02 0.01 0.00 0.04 0.00 0.18 0.29 0.03 0.00 0.01 0.00 0.04 0.04 0.00 0.01 0.01 0.12 0.09 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.03 0.00 0.01 0.16 0.11 0.02 0.01 0.02 0.00 0.02 0.01 0.06 0.05 0.10 0.07 0.05 0.01 0.00 0.00 0.01 0.01 0.03 0.29 0.42 0.03 0.04 0.19 0.01 0.01 0.00 0.01 0.01 0.45

0.29 0.35 0.06 0.09 0.00 0.08 0.07 0.01 0.06 0.08 0.55 0.38 0.14 0.16 0.12 0.09 0.27 0.21 18.00 12.85 3.07 3.96 0.12 0.36 1.38 0.28 0.20 0.34 0.14 0.25 0.11 0.42 0.30 0.27 0.35 0.20 0.18 2.07 1.53 0.20 0.24 0.02 0.01 0.12 0.10 55.25 72.84 0.29 0.22 0.24 0.70 0.08 2.29 4.00 4.17 3.08 0.19 0.12 0.20 0.12 0.05 0.14 0.12 0.49 0.31 0.26 0.21 0.11 0.30 0.06 0.16 0.43 0.32 0.25 0.18 0.19 0.11 0.14 0.88 0.67 0.15 0.14 0.21 0.27 0.19 0.25 2.92 4.06 0.52 0.41 3.52 0.13 0.40 0.30 0.41 0.30 1.23 13.43 17.47 0.48 0.63 4.24 0.12 0.11 0.08 0.42 0.31 7.99

0.02 0.06 0.02 0.03 0.00 0.02 0.02 0.01 0.01 0.01 0.19 0.22 0.05 0.04 0.02 0.01 0.13 0.09 6.40 4.65 1.00 1.41 0.09 0.04 0.24 0.06 0.04 0.10 0.08 0.02 0.05 0.07 0.05 0.11 0.15 0.06 0.03 0.50 0.35 0.00 0.07 0.01 0.00 0.03 0.02 23.85 34.80 0.07 0.05 0.02 0.10 0.02 0.64 1.06 1.16 0.81 0.04 0.04 0.04 0.03 0.02 0.03 0.02 0.05 0.03 0.03 0.02 0.05 0.15 0.01 0.00 0.20 0.15 0.06 0.04 0.03 0.03 0.04 0.22 0.14 0.02 0.03 0.04 0.13 0.05 0.02 0.80 1.03 0.20 0.05 1.60 0.03 0.10 0.09 0.11 0.09 0.33 4.65 6.35 0.17 0.24 1.67 0.02 0.02 0.02 0.08 0.06 3.48

0.00 0.07 unch 2.06 2.20 0.00 1.62 0.01 0.05 + 0.02 0.02 unch 0.00 0.05 unch 0.02 0.02 0.00 0.00 + 0.05 0.06 unch 0.14 0.15 0.10 0.11 + 0.01 0.01 unch 0.02 0.02 unch 0.76 0.98 + 0.06 0.07 0.15 0.17 + 0.11 0.12 + 1.24 1.52 + 0.01 0.01 unch 0.01 0.01 + 0.08 0.09 + 0.06 0.06 27.26 28.53 + 37.08 39.02 + 0.17 0.18 0.06 0.06 0.04 0.04 0.02 0.03 unch 0.10 0.10 0.07 0.07 unch 0.00 0.01 + 0.00 0.07 + 0.19 0.19 0.13 0.16 + 0.12 0.12 + 1.05 1.15 + 0.00 0.02 + 0.04 0.05 + 0.02 0.02 + 0.19 0.24 0.03 0.05 + 2.85 3.04 0.14 0.15 + 0.19 0.19 0.08 0.08 0.00 0.06 + 0.00 0.00 unch 1.04 1.16 + 0.06 0.07 0.01 0.01 + 0.03 0.03 0.03 0.03 0.03 0.03 unch 0.03 0.03 0.06 0.06 + 0.00 0.34 0.00 0.01 0.15 0.17 + 0.10 0.10 0.13 0.13 0.00 0.27 unch

0.00 0.21 0.17 0.01 0.00 0.00 0.02 0.00 0.00 0.01 0.00 0.00 0.00 0.18 0.01 0.03 0.01 0.17 0.00 0.00 0.01 0.01 1.74 2.55 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.02 0.03 0.02 0.05 0.02 0.01 0.02 0.04 0.01 0.10 0.01 0.01 0.01 0.00 0.00 0.10 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.05 0.03 0.02 0.00 0.01 0.00

0.15 3.33 2.40 0.05 0.03 0.06 0.05 0.01 0.07 0.33 0.36 0.03 0.04 2.60 0.12 0.30 0.25 1.59 0.07 0.05 0.24 0.20 30.59 41.40 0.25 0.07 0.06 0.10 0.16 0.13 0.02 0.09 1.90 0.53 0.13 1.38 0.19 0.16 0.05 0.29 0.07 24.56 0.16 0.23 0.13 0.11 0.00 1.23 0.08 0.06 0.04 0.05 0.26 0.10 0.09 0.38 0.05 0.17 0.15 0.19 0.30

0.05 1.12 0.84 0.01 0.01 0.03 0.02 0.00 0.02 0.11 0.08 0.00 0.01 0.35 0.03 0.09 0.06 0.25 0.01 0.00 0.05 0.03 10.61 14.22 0.06 0.02 0.01 0.02 0.07 0.04 0.00 0.01 0.10 0.10 0.09 0.47 0.00 0.02 0.01 0.04 0.02 2.51 0.08 0.11 0.04 0.03 0.00 0.45 0.02 0.00 0.01 0.03 0.01 0.00 0.02 0.06 0.01 0.12 0.04 0.05 0.09

P-Q

Exc Volume

Week Low

0.45 0.50 + 0.01 0.01 unch 0.03 0.03 unch 0.28 0.34 + 0.00 85.20 + 0.12 0.13 + 0.03 0.03 unch 0.04 0.05 + 0.21 0.23 + 0.14 0.16 0.02 0.02 unch 0.02 0.03 unch 1.81 1.87 1.33 1.37 0.04 0.04 unch 0.05 0.06 + 0.04 0.04 + 0.36 0.38 0.50 0.52 0.00 0.00 unch 0.00 0.00 unch 0.06 0.09 + 0.05 0.05 unch 0.02 0.02 + 0.03 0.03 0.03 0.04 + 0.05 0.05 unch 0.19 0.23 0.26 0.32 0.06 0.06 unch 0.18 0.22 + 0.14 0.16 + 2.00 2.20 + 0.00 0.00 unch 7.92 8.12 10.84 11.09 0.28 0.29 0.06 0.07 + 0.76 0.90 + 1.01 1.28 + 0.03 0.03 unch 0.10 0.12 0.81 0.83 1.11 1.13 0.00 0.05 unch 0.04 0.04 unch 0.00 0.20 unch 6.26 9.70 + 0.05 0.05 0.04 0.05 unch 0.02 0.03 + 0.02 0.03 0.00 0.12 + 0.08 0.08 0.06 0.07 0.04 0.04 0.04 0.04 0.05 0.05 0.01 0.01 0.05 0.06 + 0.07 0.08 unch 1.02 1.27 + 1.38 1.73 + 0.00 0.04 unch 0.00 0.09 unch 0.20 0.25 + 0.23 0.27 + 0.18 0.20 + 0.10 0.11 + 0.06 0.08 + 0.10 0.10 + 0.13 0.15 + 0.21 0.23 + 0.03 0.04 unch 0.00 0.16 + 0.00 0.10 unch 0.09 0.10 unch 0.06 0.07 0.02 0.03 + 0.05 0.06 -

Pinecrest Res V Pistol Bay Mng* O Pistol Bay Mng V Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Plate Res V Plateau Energy V Plateau Energy* O Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portage Res* O Portex Mnrls* O Portofino Res V Portofino Res* O Potash Ridge* O Potash Ridge T Power Group* O Power Group V Power Metals* O Power Metals V PowerOre V Precipitate Gl V Precipitate Gl* O Premier Gold M T Premium Expl* O Pretium Res* N Pretium Res T Primary Energy C Prime Meridian V Prime Mining* O Prime Mining V Prism Res V ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Project One C Promithian Gl * O Prophecy Pot C Prosper Gold V Prospero Silvr V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Precious V QC Precious * O QMC Quantum Ml V QMC Quantum Ml* O QMX Gold* O QMX Gold V Quadro Res V Quantum Cobalt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quest Rare Mnl* O Quinto Res V

274 80 2039 367 0 66 50 115 87 123 1000 737 83 789 68 2871 58 40083 310 883 0 1985 120 168 2278 36 103 3914 3188 320 1228 880 3251 426 9541 3148 3108 3055 104 1957 50 240 755 1136 16 25 40 11 70 65 700 70 3 309 79 6071 7 225 32 1000 979 2859 6141 36 0 129 854 107 281 148 1007 1547 3079 39 56 10 356 732 194 531

0.54 0.01 0.03 0.34 85.20 0.13 0.03 0.05 0.25 0.17 0.02 0.03 2.00 1.47 0.04 0.06 0.04 0.47 0.62 0.00 0.00 0.09 0.05 0.02 0.04 0.04 0.05 0.30 0.39 0.06 0.23 0.18 2.22 0.00 8.92 12.05 0.34 0.10 0.90 1.28 0.03 0.13 0.95 1.33 0.05 0.04 0.20 9.70 0.09 0.05 0.04 0.03 0.12 0.09 0.07 0.05 0.05 0.07 0.01 0.06 0.08 1.27 1.73 0.04 0.00 0.30 0.29 0.22 0.11 0.08 0.11 0.15 0.27 0.04 0.17 0.10 0.11 0.09 0.03 0.07

Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Red Eagle Mng* Red Moon Res Red Pine Expl Redstar Gold Redstar Gold* Regis Res NL* Regulus Res Remington Res Renaissance Gd* Renaissance Gd Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revelo Res Revival Gold * Revival Gold Reyna Silver* Rhyolite Res Richmond Mnls* Richmond Mnls Ridgestone M’g Ridgestone M’g* Riley Resource Rimrock Gold* Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited* Rio2 Limited Rise Gold Corp Rise Gold Corp* Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res Rochester Res* Rock Tech Lith* Rock Tech Lith Rockcliff Met Rockcliff Met* Rockex Mng Rockhaven Res Rockridge Res Rockshield Cap* Rodinia Lithm Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Ross River* Roughrider Exp Rover Metals* Rover Metals Roxgold Roxgold* Royal Gold Royal Gold* Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining* RTG Mining Rubicon Mnrls* Rubicon Mnrls Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res* Rupert Res Rusoro Mng*

1 10 887 838 125 642 20 11 3 2 488 250 50 588 33 1749 1508 931 8 224 95 515 1410 406 197 952 90 38 157 247 434 410 483 194 341 28 52 37896 406 35 9603 4 2 648 1021 44 44 609 481 62 233 1037 113 83 3 15 219 30 125 403 966 6 191 7 28 494 15 115 65 110 201 3625 0 420 140 462 7421 354 384 17 3007 19 661 2 6 5 10 23 26 439 494 2 1332 6 789 19

0.00 0.10 0.27 0.31 0.06 0.35 2.54 0.11 0.07 0.01 0.92 0.09 0.10 0.01 0.06 0.04 0.04 0.03 3.73 0.94 0.09 0.30 0.40 0.04 0.08 0.09 0.06 0.09 0.80 1.05 0.57 0.16 0.04 0.05 0.19 0.13 0.20 0.00 0.05 0.04 57.81 55.94 0.00 0.47 0.64 0.86 0.63 0.21 0.16 0.14 0.20 0.33 0.03 0.02 0.50 0.55 0.08 0.06 0.04 0.14 0.12 0.04 0.04 0.06 0.07 0.32 0.15 0.22 0.04 0.03 0.32 0.44 0.00 0.20 0.03 0.04 1.49 1.13 0.60 0.33 121.12 0.00 0.28 0.50 0.05 0.03 0.08 0.13 1.45 1.92 0.08 0.01 0.03 1.99 2.77 0.05

Last

12-month

High

Change

Stock

0.05 0.00 0.00 0.05 1.70 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.05 0.06 0.00 0.01 0.00 0.06 0.07 0.00 0.00 0.03 0.00 0.00 0.01 0.01 0.00 0.05 0.06 0.00 0.04 0.03 0.18 0.00 0.24 0.34 0.04 0.02 0.17 0.28 0.00 0.01 0.05 0.09 0.00 0.00 0.00 0.21 0.04 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.27 0.38 0.00 0.00 0.12 0.02 0.02 0.01 0.01 0.01 0.03 0.03 0.00 0.01 0.00 0.00 0.00 0.01 0.01

0.54 0.05 0.06 0.64 94.50 0.20 0.06 0.16 0.74 0.65 0.02 0.04 3.86 2.98 0.05 0.07 0.05 0.97 1.30 0.00 0.00 0.09 0.05 0.06 0.07 0.09 0.12 0.40 0.54 0.12 0.28 0.22 2.55 0.00 13.83 18.30 0.82 0.16 0.88 1.28 0.05 0.15 1.16 1.53 0.14 0.04 0.23 9.78 0.19 0.12 0.11 0.08 0.20 0.18 0.13 0.34 0.20 0.30 0.30 0.07 0.09 1.27 1.73 0.08 0.21 0.30 0.39 0.29 0.21 0.15 0.13 0.17 0.27 0.06 0.24 0.18 0.11 0.09 0.06 0.09

0.14 0.00 0.01 0.07 43.41 0.01 0.01 0.02 0.16 0.08 0.01 0.01 1.25 0.86 0.02 0.02 0.01 0.15 0.25 0.00 0.00 0.02 0.02 0.01 0.02 0.02 0.03 0.03 0.04 0.03 0.05 0.04 0.85 0.00 4.05 6.25 0.17 0.04 0.14 0.25 0.01 0.05 0.37 0.54 0.02 0.01 0.12 0.02 0.01 0.03 0.01 0.01 0.08 0.06 0.02 0.02 0.03 0.04 0.01 0.02 0.03 0.27 0.38 0.03 0.09 0.14 0.14 0.10 0.06 0.03 0.03 0.04 0.02 0.01 0.05 0.04 0.02 0.02 0.00 0.02

Rusoro Mng

0.00 0.00 0.02 0.08 0.00 0.04 0.35 0.01 0.00 0.00 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.00 0.03 0.05 0.01 0.00 0.01 0.00 0.01 0.02 0.01 0.09 0.00 0.01 0.01 0.00 0.00 0.08 0.00 0.00 0.00 0.78 1.56 0.00 0.03 0.03 0.09 0.06 0.01 0.01 0.00 0.01 0.03 0.00 0.00 0.09 0.01 0.00 0.00 0.02 0.01 0.02 0.00 0.01 0.01 0.01 0.08 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.05 0.00 0.00 0.13 0.11 0.10 0.03 2.49 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.04 0.06 0.01 0.01 0.01 0.24 0.16 0.00

0.18 0.10 0.27 0.35 0.15 0.35 7.60 0.25 0.10 0.03 1.25 0.11 0.10 0.03 0.24 0.07 0.04 0.04 4.61 1.78 0.16 0.33 0.43 0.06 0.16 0.34 0.25 0.20 0.83 1.11 0.57 0.21 0.04 0.07 0.30 0.25 0.20 0.00 0.06 0.05 64.02 62.00 74.50 0.52 0.70 0.95 0.83 0.25 0.18 0.24 0.32 0.36 0.08 0.06 0.64 0.85 0.12 0.08 0.05 0.19 0.23 0.06 0.06 0.10 0.13 0.91 0.21 0.34 0.07 0.05 0.34 0.46 0.00 0.20 0.40 0.05 1.49 1.13 0.60 0.43 139.63 0.01 0.35 1.24 0.07 0.04 0.08 0.17 1.45 1.92 0.23 0.02 0.03 1.99 2.77 0.06

0.08 0.00 0.09 0.11 0.04 0.07 0.22 0.04 0.04 0.00 0.20 0.05 0.04 0.00 0.03 0.02 0.02 0.01 1.80 0.47 0.07 0.10 0.14 0.03 0.05 0.05 0.04 0.05 0.24 0.33 0.44 0.04 0.02 0.02 0.17 0.13 0.11 0.00 0.01 0.02 35.35 34.85 41.50 0.11 0.14 0.30 0.31 0.10 0.06 0.06 0.08 0.06 0.03 0.02 0.35 0.37 0.04 0.03 0.01 0.06 0.07 0.01 0.02 0.03 0.02 0.23 0.03 0.03 0.02 0.01 0.05 0.10 0.00 0.06 0.00 0.03 0.56 0.05 0.12 0.11 59.78 0.00 0.13 0.02 0.02 0.01 0.05 0.04 0.37 0.54 0.05 0.01 0.01 0.43 0.53 0.03

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

0.00 0.10 0.24 0.24 0.06 0.24 0.00 0.00 0.07 0.01 0.78 0.06 0.09 0.00 0.06 0.04 0.03 0.02 3.57 0.85 0.09 0.26 0.36 0.04 0.00 0.00 0.05 0.00 0.68 0.93 0.45 0.15 0.03 0.04 0.17 0.13 0.12 0.00 0.04 0.04 55.56 0.00 0.00 0.41 0.57 0.80 0.57 0.19 0.13 0.12 0.17 0.29 0.03 0.02 0.41 0.00 0.07 0.06 0.02 0.13 0.10 0.02 0.00 0.00 0.07 0.23 0.14 0.20 0.04 0.03 0.27 0.37 0.00 0.15 0.02 0.03 1.35 0.98 0.40 0.30 116.23 0.00 0.26 0.50 0.05 0.03 0.08 0.00 1.32 1.75 0.07 0.01 0.02 1.83 2.24 0.04

0.14 0.10 0.26 0.31 0.06 0.29 2.23 0.11 0.07 0.01 0.91 0.06 0.10 0.00 0.06 0.04 0.04 0.03 3.61 0.86 0.09 0.29 0.40 0.04 0.08 0.08 0.06 0.09 0.74 0.98 0.52 0.15 0.03 0.04 0.18 0.13 0.20 0.00 0.04 0.04 55.80 55.13 65.37 0.44 0.60 0.86 0.63 0.21 0.15 0.13 0.20 0.33 0.03 0.02 0.50 0.54 0.07 0.06 0.03 0.14 0.12 0.02 0.04 0.06 0.07 0.26 0.15 0.20 0.04 0.03 0.29 0.40 0.00 0.19 0.03 0.04 1.47 1.09 0.50 0.33 117.50 0.00 0.26 0.50 0.05 0.03 0.08 0.13 1.32 1.81 0.08 0.01 0.03 1.96 2.55 0.04

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

(100s)

High Low

Exc Volume

V

2771

Week High

Low

Last

12-month Change

0.05

0.06 unch

0.00

1.74 1.29 0.05 0.07 0.00 1.02 0.01 0.16 0.23 0.38 0.16 0.12 0.00 0.17 0.24 0.09 0.08 0.18 0.13 2.10 11.79 8.70 0.05 0.16 0.08 0.00 0.06 0.04 0.10 0.02 0.10 0.08 0.09 0.06 0.08 0.22 0.27 0.00 0.50 21.07 15.40 0.00 0.03 0.03 0.00 0.03 0.07 0.05 0.02 4.28 0.15 1.34 0.19 0.11 0.03 0.00 7.93 0.05 0.05 0.03 0.06 1.39 0.99 1.40 0.03 0.04 0.10 0.12 0.06 0.09 0.40 0.24 0.17 0.00 0.17 0.00 0.02 0.33 0.45 0.00 0.07 0.00 0.08 0.15 0.07 0.03 0.04 0.38 0.27 6.56 4.80 8.23 11.27 0.03 0.04 0.09 0.13 0.15 0.11 0.04 0.03 1.66 1.22 0.27 0.04 0.06 0.10 0.15 0.02 0.00 0.10 0.07 0.35 0.25 0.38 0.29 0.06 0.02 0.10 0.00 0.00 0.26 0.35 36.97 1.15 0.18 0.13 0.00 0.06 0.07 0.10 0.07 0.04 0.02 0.02 0.03 0.06 0.01 0.00 0.07 0.58 19.19 26.10 0.02 0.04 0.02 0.03 0.02 0.10 0.98 0.05 0.15 0.01 0.25 0.17 0.05 0.10 0.13 0.57 0.76 0.00 0.03 0.02 0.06 1.62 0.27 0.00 0.15 0.00 0.00 0.52 0.38 0.01 0.00 0.00

+ 1.89 + 1.40 + 0.05 + 0.09 0.00 unch 1.07 0.01 unch + 0.17 0.23 + 0.38 0.16 0.12 + 0.00 0.19 0.28 + 0.10 0.08 0.19 0.16 + 2.60 + 12.78 + 9.35 + 0.07 + 0.18 + 0.10 + 0.00 0.07 unch 0.04 + 0.12 0.02 + 0.14 + 0.10 0.09 unch 0.06 0.08 unch + 0.26 + 0.35 0.30 unch 0.50 unch + 22.11 + 16.14 0.00 unch + 0.03 0.04 unch + 0.06 0.04 + 0.08 0.05 unch 0.02 + 4.70 0.15 unch + 1.36 + 0.23 0.12 + 0.04 0.05 + 8.24 + 0.06 0.05 0.04 + 0.07 + 1.80 + 1.29 + 1.57 0.04 0.05 unch + 0.10 0.13 0.07 0.09 unch + 0.59 0.25 0.18 0.00 unch 0.20 0.02 unch 0.03 unch + 0.35 + 0.48 + 0.10 + 0.08 0.13 unch 0.10 0.15 0.08 + 0.04 + 0.04 + 0.40 + 0.30 + 6.88 + 5.04 + 8.75 + 11.93 0.06 0.04 0.10 + 0.14 + 0.16 + 0.12 0.04 unch 0.03 unch + 1.77 + 1.31 0.28 + 0.06 + 0.09 0.11 0.15 0.02 + 0.03 + 0.15 + 0.11 0.36 0.27 0.40 unch 0.29 0.07 unch + 0.03 + 0.10 + 0.15 1.36 0.26 unch + 0.38 37.72 + 1.25 0.20 0.14 0.09 unch 0.06 unch 0.07 unch 0.11 + 0.08 + 0.05 + 0.02 + 0.02 0.03 unch 0.06 unch + 0.02 + 0.33 + 0.07 + 0.64 + 20.10 + 27.54 0.02 unch 0.04 0.02 + 0.04 0.02 0.11 1.04 0.05 0.19 + 0.01 + 0.26 + 0.20 0.05 0.10 0.14 + 0.73 + 0.99 0.22 unch + 0.04 0.02 unch + 0.06 + 1.84 0.27 unch + 0.00 0.15 unch 0.07 unch 0.00 + 0.56 + 0.42 0.01 unch 0.25 0.14 unch

0.20 0.14 0.00 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.02 0.01 0.02 0.00 0.04 0.01 0.55 1.23 0.85 0.00 0.01 0.02 0.00 0.00 0.00 0.01 0.01 0.03 0.02 0.00 0.01 0.00 0.07 0.08 0.00 0.00 0.73 0.51 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.48 0.00 0.02 0.04 0.01 0.01 0.01 0.37 0.00 0.01 0.01 0.03 0.40 0.20 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.18 0.01 0.00 0.00 0.02 0.00 0.00 0.02 0.04 0.01 0.02 0.00 0.01 0.02 0.01 0.00 0.01 0.02 0.01 0.48 0.37 0.51 0.93 0.03 0.03 0.00 0.02 0.01 0.00 0.00 0.00 0.11 0.08 0.01 0.00 0.02 0.01 0.02 0.00 0.01 0.04 0.02 0.01 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.15 0.00 0.03 0.08 0.15 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.10 1.19 1.81 0.00 0.01 0.01 0.01 0.00 0.01 0.04 0.02 0.02 0.00 0.01 0.02 0.01 0.00 0.01 0.10 0.24 0.00 0.01 0.00 0.01 0.20 0.00 0.00 0.00 0.00 0.00 0.03 0.05 0.00 0.01 0.00

0.07

High Low

0.09 0.04

S Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res* Sable Res Sage Gold* Sailfish Rylty Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Marco Res* San Marco Res Sanatana Res Sanatana Res* Sandfire Res Sandfire Res* Sandspring Res* Sandstorm Gold Sandstorm Gold* Santa Fe Gold* Santacruz Silv Sarama Res Sarissa Res* Satori Res Satori Res* Saturn Mnrls Saville Res Scandium Intl Scandium Intl* Scorpio Gold Scorpio Gold * Scotch Creek Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seafield Res* Search Mnls* Search Mnls Searchlight* SearchlightMin* SearchlightRes Sego Res Select Sands Semafo Sentinel Res Serabi Gold Serengeti Res Sherritt Intl Shine Minerals* Shine Minerals Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Madre Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar Silver Eleph Silver Eleph* Silver Fields* Silver Grail Silver Mtn Mns* Silver Mtn Mns Silver One* Silver One Silver Predatr Silver Predatr* Silver Range Silver Range* Silver Sands Silver Scott* Silver Spruce* Silver Spruce Silver Viper Silver Viper* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverstar Res* Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res Skeena Res* SKRR Explor Sky Gold* Sky Gold Skyharbour Res* Skyharbour Res Slam Explor* Slam Explor Sokoman Min Sokoman Min* SolGold plc SolGold plc* Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Metals* Sonoro Metals South32* Southern Arc* Southern Arc Southern Copp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* Spearmint Res* Spearmint Res Spey Resources Sphinx Res Sprott Res Hld Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* Stakeholdr Gld Stakeholdr Gld* Standard Graph* Standard Lith Standard Metal* Standard Uran Stans Energy* Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak Exp* Starr Peak Exp Steele Oceanic* Stellar Africa Stellar Africa* Stelmine Can Steppe Gold Stevens Gold Stornoway Diam* Straightup Res Stratabd Mnr Strateco Res* Strategic Metl Strategic Metl* Strategic Min* Strategic Res Strategic Res*

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

2574 1326 4 393 0 207 1 59 319 27 437 91 4164 132 1454 102 17 360 978 294 3404 14487 647 362 2206 1771 217 3 478 310 425 146 47 42 204 348 1613 1 18 479 1961 25 57 351 555 21 438 298 459 7714 65 10 963 1126 7 5 11246 1461 1712 156 300 1236 36610 26 526 559 10 342 919 579 1596 1895 1132 8 399 0 413 1410 1187 70 22 69 81 275 60 7 521 317 28 3304 8199 3579 1913 235 13 61 712 832 34 144 150 1402 659 315 874 2186 408 993 8 381 3708 211 184 184 13 658 238 1117 8 23 0 6 71 3893 40 1005 547 1 10 25 2566 1268 1243 25 938 1951 25 8079 18 2048 75 8653 2299 438 304 4 172 31 674 1728 108 407 120 722 86 51 103 335 21 404 0 181 25 374 363 52 1371 67 33 50 715 362 50 697 0

1.91 1.40 0.06 0.09 0.00 1.15 0.01 0.18 0.25 0.40 0.20 0.14 0.01 0.20 0.28 0.10 0.08 0.24 0.19 2.67 12.83 9.50 0.08 0.18 0.11 0.00 0.07 0.04 0.13 0.03 0.14 0.10 0.09 0.07 0.09 0.27 0.36 0.30 0.50 22.12 16.31 0.00 0.03 0.04 0.06 0.04 0.08 0.05 0.03 4.72 0.20 1.39 0.23 0.13 0.04 0.05 8.99 0.06 0.06 0.04 0.07 3.67 2.75 1.57 0.04 0.05 0.10 0.15 0.07 0.10 0.60 0.26 0.19 0.00 0.22 0.00 0.03 0.37 0.50 0.11 0.08 0.15 0.12 0.17 0.09 0.04 0.05 0.40 0.32 6.98 5.17 8.95 12.11 0.14 0.07 0.11 0.15 0.17 0.13 0.04 0.03 1.83 1.35 0.35 0.06 0.09 0.13 0.18 0.02 0.03 0.16 0.11 0.39 0.27 0.42 0.33 0.07 0.03 0.11 0.15 1.36 0.26 0.38 38.58 1.30 0.21 0.15 0.00 0.06 0.07 0.12 0.09 0.05 0.02 0.03 0.04 0.06 0.02 0.34 0.10 0.67 20.64 27.88 0.02 0.04 0.03 0.04 0.02 0.13 1.18 0.07 0.21 0.01 0.29 0.21 0.07 0.11 0.16 0.73 1.01 0.00 0.04 0.02 0.10 1.93 0.27 0.00 0.18 0.07 0.00 0.60 0.45 0.01 0.25 0.00

2.28 1.72 0.11 0.15 0.00 1.81 0.03 0.23 0.27 0.59 0.29 0.22 0.01 0.26 0.38 0.55 0.41 0.40 0.31 2.72 12.82 9.50 0.10 0.20 0.12 0.00 0.08 0.06 0.17 0.06 0.20 0.15 0.13 0.10 0.12 0.26 0.36 0.59 0.90 23.10 16.67 0.00 0.04 0.06 0.10 0.06 0.09 0.07 0.07 5.75 0.20 1.74 0.36 0.37 0.05 0.08 11.85 0.06 0.10 0.08 0.10 3.67 2.75 2.08 0.07 0.09 0.18 0.25 0.12 0.16 0.60 0.55 0.43 0.00 0.24 0.02 0.04 0.40 0.54 0.17 0.12 0.15 0.12 0.24 0.30 0.05 0.07 0.45 2.21 7.69 5.93 9.69 12.98 0.14 0.14 0.17 0.25 0.26 0.18 0.08 0.05 1.83 1.35 0.40 0.71 0.70 0.27 0.35 0.02 0.03 0.16 0.10 0.59 0.41 0.63 0.49 0.24 0.06 0.14 0.19 2.27 0.37 0.49 44.82 1.30 0.31 0.23 0.20 0.17 0.20 0.14 0.11 0.05 0.03 0.04 0.04 0.06 0.04 1.35 0.10 1.10 22.50 31.29 0.03 0.15 0.10 0.08 0.04 0.36 1.54 0.08 0.30 0.08 0.53 0.41 0.09 0.25 0.18 0.73 1.01 1.00 0.04 0.04 0.16 1.93 0.30 0.03 0.18 0.13 0.01 0.60 0.45 0.03 0.65 0.39

0.71 0.51 0.03 0.04 0.00 0.45 0.00 0.08 0.12 0.18 0.12 0.08 0.00 0.06 0.09 0.08 0.03 0.14 0.08 0.58 4.64 3.32 0.03 0.07 0.03 0.00 0.01 0.02 0.07 0.02 0.06 0.03 0.05 0.03 0.06 0.07 0.11 0.19 0.28 7.37 5.25 0.00 0.02 0.03 0.00 0.01 0.02 0.03 0.01 1.57 0.10 0.75 0.15 0.07 0.01 0.01 3.50 0.00 0.03 0.02 0.02 0.89 0.45 1.30 0.02 0.02 0.05 0.05 0.02 0.03 0.22 0.10 0.06 0.00 0.03 0.00 0.01 0.11 0.15 0.04 0.05 0.07 0.05 0.10 0.01 0.01 0.02 0.18 0.00 2.12 1.50 3.28 4.50 0.00 0.00 0.07 0.08 0.05 0.03 0.03 0.02 0.35 0.26 0.16 0.04 0.05 0.06 0.08 0.00 0.01 0.04 0.04 0.19 0.13 0.22 0.13 0.02 0.02 0.06 0.07 0.89 0.17 0.24 23.43 0.40 0.06 0.05 0.06 0.03 0.04 0.05 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.19 0.03 0.22 9.00 12.12 0.01 0.03 0.02 0.02 0.01 0.05 0.39 0.02 0.15 0.00 0.18 0.14 0.02 0.00 0.05 0.25 0.25 0.20 0.02 0.01 0.04 0.63 0.25 0.00 0.10 0.02 0.00 0.25 0.18 0.00 0.18 0.14

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

Low

0.01 0.02 unch 0.00 0.10 + 0.03 0.07 + 0.08 0.08 + 0.00 0.06 0.27 0.27 0.38 0.40 + 0.05 0.05 unch 0.67 0.90 + 0.13 0.19 + 22.02 22.28 16.05 16.30 0.56 0.58 0.73 0.79 0.00 0.25 + 0.22 0.22 unch 0.18 0.18 unch 0.00 0.25 + 0.07 0.07 + 0.09 0.09 + 0.00 0.10 + 0.00 0.00 + 0.21 0.21 -

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

247 2908 524 209 20 115 76 1580 418 3670 41595 24985 167 1244 214 5 1 189 70 309 15 74 262

0.02 0.10 0.07 0.09 0.06 0.29 0.40 0.07 1.03 0.19 23.99 17.72 0.69 0.93 0.26 0.22 0.18 0.25 0.07 0.10 0.10 0.01 0.25

Taiga Gold Taiga Gold* Tajiri Res Taku Gold* Taku Gold Talisker Res* Talisker Res Talmora Diamd Talon Metals Tamerlane Vent* Tamino Mnrls* Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tartisan Nick* Tartisan Nick Taseko Mines Taseko Mines* Tearlach Res Teck Res Teck Res* Teck Res Tectonic Metal Tectonic Metal* Telson Res Telson Res * Temas Res Tembo Gold Tembo Gold* Teranga Gold Teranga Gold* Teras Res* Teras Res Terrax Mnrls Terrax Mnrls* Terreno Res Teslin Rvr Res Tesoro Mnrls Tesoro Mnrls* Tethyan Res Teuton Res Teuton Res* Texas Mineral* Themac Res Themac Res* Thor Expl Thunder Mtn Gd* Thunderstruck Thunderstruck* Tiger Intl Till Capital Timberline Res Timberline Res* Tinka Res

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

458 181 3599 24 33 213 1038 953 428 12 3029 2332 224 178 2682 29 55 10 28 105 246 700 2428 1 9904 20116 7 172 401 436 14 283 7564 192 2691 244 19 30 2066 39 114 1372 3 0 190 1172 607 2600 125 54 249 9 253 20 10 4 108 338 773

0.19 0.14 0.10 0.05 0.06 0.27 0.38 0.02 0.16 0.00 0.00 1.83 0.01 1.18 0.88 0.35 0.09 0.06 0.08 0.07 0.09 0.66 0.49 0.12 14.90 11.03 16.35 0.27 0.19 0.13 0.09 0.29 0.07 0.05 12.05 8.81 0.04 0.06 0.33 0.24 0.03 0.13 0.05 0.00 0.19 2.06 1.53 1.96 0.08 0.06 0.19 0.09 0.08 0.06 0.17 2.33 0.10 0.07 0.19

Last

(100s)

12-month

High

Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Sulliden Mng Summa Silver Sun Metals Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Supreme Metal* Supreme Metals Surge Copper * Surge Copper Surge Explor Sutter Gold* Syrah Res*

23

THE NORTHERN MINER / JULY 6–JULY 12, 2020

High Low

Stock

0.00 0.05 0.03 0.01 0.01 0.02 0.04 0.00 0.18 0.06 0.92 0.75 0.05 0.06 0.01 0.00 0.00 0.12 0.00 0.01 0.01 0.00 0.01

0.02 0.16 0.12 0.15 0.09 0.37 0.45 0.10 1.03 0.62 45.12 34.56 0.84 1.14 0.40 0.22 0.18 0.25 0.07 0.14 0.95 0.01 0.76

0.01 0.02 0.01 0.03 0.01 0.05 0.12 0.03 0.09 0.06 14.02 9.61 0.26 0.33 0.05 0.08 0.18 0.10 0.03 0.02 0.05 0.00 0.09

0.01 0.02 0.03 0.00 0.01 0.01 0.00 0.01 0.02 0.00 0.00 0.02 0.00 0.04 0.01 0.03 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.16 0.12 0.53 0.03 0.02 0.01 0.00 0.01 0.02 0.01 1.57 1.07 0.00 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.20 0.16 0.17 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.02 0.01 0.01

0.31 0.22 0.10 0.08 0.10 0.47 0.65 0.05 0.25 0.00 0.01 2.06 0.05 1.56 1.20 0.40 0.10 0.08 0.23 0.10 0.12 0.80 0.62 0.20 30.41 23.30 30.30 0.31 0.22 0.35 0.26 0.36 0.07 0.05 11.83 8.59 0.05 0.08 0.44 0.34 0.04 0.51 0.07 0.03 0.53 2.06 1.53 2.65 0.08 0.07 0.19 0.14 0.08 0.06 0.20 2.54 0.14 0.11 0.33

0.07 0.05 0.03 0.01 0.03 0.09 0.13 0.01 0.08 0.00 0.00 0.45 0.01 0.55 0.36 0.04 0.04 0.03 0.04 0.02 0.03 0.28 0.20 0.07 8.15 5.60 9.00 0.10 0.11 0.04 0.04 0.25 0.01 0.01 3.86 2.84 0.02 0.02 0.16 0.11 0.01 0.10 0.03 0.03 0.06 0.18 0.17 0.22 0.03 0.02 0.12 0.06 0.03 0.02 0.04 1.00 0.06 0.02 0.07

Tinka Res* Tintina Mines Tisdale Res* Tisdale Res Titan Mining Titan Mining* Titanium Corp TMAC Resource* TMAC Resources TNR Gold Tocvan Venture Tombstone Expl* Tonogold Res* Tonopah Div Mg* Torex Gold* Torex Gold Torq Resources* Torq Resources Tower Res* Tower Res Transatlantic Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res Trevali Mng* Trevali Mng Tri Origin Exp Trident Gold Trifecta Gold* Trifecta Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Trio Resources* TriStar Gold* TriStar Gold Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* True North Gem* True North Gem Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res Typhoon Expl

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

U.S. Gold* U3O8 Corp U3O8 Corp* Ubique Mineral UC Res* Ucore Rare Mtl Ucore Rare Mtl* UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery United Battery* United Res Hdg* United States A* United States S* Universal Cop Universal Vent Ur-Energy

Change

T 0.17 0.19 + 0.12 0.14 + 0.06 0.09 + 0.00 0.05 + 0.00 0.06 0.24 0.26 0.33 0.35 unch 0.01 0.02 0.14 0.15 + 0.00 0.00 unch 0.00 0.00 + 1.54 1.76 + 0.00 0.01 unch 1.07 1.07 0.77 0.80 0.33 0.35 + 0.00 0.08 0.00 0.06 + 0.07 0.08 unch 0.06 0.07 + 0.08 0.09 + 0.62 0.64 unch 0.45 0.46 0.00 0.12 unch 13.11 13.48 9.56 9.88 15.22 15.25 0.24 0.26 + 0.17 0.19 + 0.11 0.11 0.08 0.08 + 0.25 0.28 + 0.04 0.06 + 0.03 0.04 + 10.70 12.01 + 7.93 8.78 + 0.04 0.04 unch 0.06 0.06 + 0.30 0.30 unch 0.22 0.23 + 0.00 0.02 + 0.10 0.11 0.00 0.05 unch 0.00 0.03 unch 0.18 0.19 unch 1.69 2.00 + 1.24 1.48 + 1.29 1.75 0.05 0.05 0.05 0.05 unch 0.00 0.19 unch 0.07 0.09 unch 0.08 0.08 unch 0.05 0.06 + 0.17 0.17 unch 0.00 2.04 0.08 0.10 + 0.05 0.06 0.17 0.18 +

Week

Exc Volume

Last

12-month

High

Low

Change

463 25 4 3 482 50 25 93 1221 406 563 7 75 0 409 2265 16 227 247 3602 25 685 16 1080 1571 579 12 327 5387 1439 2 28 304 42 1147 109 0 173 4 106 507 1880 583 356 296 1142 842 261 5 8 86 426 1547 211 6300 7418 2420 955 194 0 686

0.14 0.04 0.04 0.07 0.22 0.15 0.34 1.20 1.66 0.03 0.18 2.75 0.44 0.00 14.94 20.40 0.41 0.57 0.08 0.11 0.06 0.17 0.11 0.46 0.35 5.75 0.08 0.07 0.10 0.05 0.00 0.03 0.05 2.68 1.95 0.07 0.03 0.10 0.07 0.00 0.26 0.35 0.25 0.19 0.78 1.05 0.04 0.06 0.08 0.09 0.09 1.27 1.74 1.10 1.47 0.77 1.05 0.02 0.02 0.00 0.07

0.12 0.12 0.04 0.04 unch 0.04 0.04 unch 0.00 0.07 0.19 0.21 0.15 0.15 unch 0.29 0.29 1.13 1.14 1.53 1.65 + 0.03 0.03 + 0.16 0.17 + 2.16 2.40 + 0.39 0.41 0.00 0.00 unch 13.62 14.83 + 18.29 20.33 + 0.39 0.41 + 0.51 0.55 unch 0.04 0.06 + 0.07 0.10 + 0.06 0.06 + 0.14 0.16 + 0.11 0.11 unch 0.39 0.44 + 0.29 0.33 + 5.27 5.28 0.00 0.08 unch 0.06 0.06 + 0.08 0.09 + 0.04 0.05 + 0.00 0.12 unch 0.02 0.03 + 0.00 0.05 + 2.45 2.68 + 1.80 1.95 + 0.06 0.07 + 0.00 0.03 0.08 0.08 0.07 0.07 + 0.00 0.00 0.22 0.26 + 0.30 0.35 + 0.22 0.24 + 0.16 0.18 + 0.70 0.70 0.94 0.95 0.03 0.04 + 0.06 0.06 + 0.08 0.08 unch 0.00 0.09 unch 0.09 0.09 1.10 1.22 + 1.50 1.65 + 0.90 1.04 + 1.19 1.45 + 0.68 0.68 0.92 0.92 0.02 0.02 unch 0.01 0.01 + 0.00 0.03 unch 0.06 0.06 -

D 301 V 110 O 102 C 0 O 477 V 653 O 1636 T 1186 O 6 V 92 O 174 O 230 V 4557 C 85 O 14 O 30 X 498 N 117737 V 102 V 220 T 181

7.08 0.10 0.08 0.00 0.47 0.13 0.10 0.13 0.03 0.04 0.11 0.31 0.42 0.20 0.16 0.03 0.56 8.44 0.06 4.10 0.68

Stock

0.00 0.00 0.00 0.02 0.01 0.00 0.04 0.00 0.12 0.01 0.01 0.39 0.02 0.00 1.02 1.52 0.01 0.00 0.01 0.04 0.01 0.02 0.00 0.05 0.04 0.27 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.15 0.09 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.01 0.00 0.00 0.00 0.01 0.09 0.10 0.18 0.30 0.02 0.02 0.00 0.00 0.00 0.01

0.25 0.07 0.06 0.17 0.58 0.31 0.82 5.27 6.95 0.04 0.32 3.09 0.55 0.00 17.13 22.45 0.42 0.59 0.08 0.11 0.08 0.24 0.18 0.46 0.35 10.54 0.20 0.23 0.31 0.05 0.20 0.04 0.05 4.08 3.12 0.13 0.50 0.15 0.07 0.00 0.28 0.39 0.58 0.44 1.20 1.21 0.08 0.08 0.10 0.13 0.17 1.27 1.74 1.10 1.47 1.28 1.71 0.02 0.02 0.06 0.08

0.05 0.02 0.04 0.04 0.14 0.11 0.24 0.31 0.44 0.02 0.07 0.50 0.15 0.00 6.19 8.79 0.21 0.27 0.01 0.02 0.02 0.11 0.08 0.15 0.11 4.23 0.06 0.04 0.06 0.01 0.12 0.01 0.02 1.50 1.03 0.03 0.01 0.04 0.07 0.00 0.12 0.16 0.07 0.06 0.30 0.42 0.02 0.03 0.02 0.04 0.05 0.27 0.37 0.20 0.27 0.30 0.43 0.01 0.00 0.02 0.02

0.22 0.02 0.01 0.00 0.04 0.00 0.01 0.00 0.00 0.00 0.00 0.03 0.04 0.07 0.03 0.00 0.01 0.95 0.00 0.49 0.02

12.74 0.17 0.90 0.10 0.70 0.25 0.19 0.19 0.08 0.10 0.46 0.31 0.42 0.30 0.24 0.09 0.80 15.90 0.23 6.50 1.30

2.61 0.04 0.01 0.03 0.09 0.09 0.06 0.07 0.01 0.02 0.07 0.07 0.10 0.01 0.03 0.02 0.25 4.54 0.03 3.50 0.39

U-V 6.33 0.00 0.06 0.00 0.39 0.13 0.09 0.12 0.03 0.04 0.10 0.25 0.32 0.13 0.10 0.03 0.45 7.13 0.05 3.50 0.63

6.61 0.10 0.08 0.04 0.42 0.13 0.09 0.13 0.03 0.04 0.10 0.30 0.42 0.20 0.13 0.03 0.51 7.16 0.05 3.55 0.64

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

(100s)

High Low

Week Last

12-month

Exc Volume

High

Low

Change

Ur-Energy* Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls* Uravan Mnrls UrbanGold Min USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vanadiumcorp* Vanadiumcorp Vangold Res Vangold Res* Vanstar Mng Rs* Vanstar Mng Rs Vantex Res Velocity Mnrls Velocity Mnrls* Vendetta Mng* Vendetta Mng Venerable Vent Verde Potash Verde Res* Veris Gold* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Metals* Victory Metals Victory Nickel* Victory Nickel Victory Res Victory Res* Viking Gold Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M Visible Gold M* Vision Lithium Vision Lithium* Vista Gold* Vista Gold Viva Gold* Viva Gold Vizsla Res Vizsla Res * Volcanic Gold Volcanic Gold* Volt Energy Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls VVC Expl

X 1183 V 11542 X 7069 O 1585 D 1504 V 369 O 105 O 100 V 527 V 184 O 789 V 287 V 961 O 15 N 110761 O 500 O 85 V 305 O 10 V 186 O 10 V 126 O 36 V 108 O 184 V 262 V 1978 O 131 O 779 V 1402 V 37 V 87 O 19 O 245 V 946 V 25 T 31 O 22 O 352 O 8 V 888 O 301 T 677 O 46 V 119 O 0 C 100 C 1016 O 0 V 48 V 52 O 8 V 94 V 561 O 0 V 198 O 138 X 3061 T 67 O 47 V 68 V 9916 O 1974 V 523 O 31 V 37 O 10 V 384 O 267 V 595 V 50 V 765

0.51 0.25 1.01 0.14 2.31 1.06 0.79 0.02 0.02 0.16 0.00 0.21 0.15 0.14 10.98 0.00 0.19 0.26 0.05 0.08 0.03 0.05 0.05 0.08 0.05 0.06 0.13 0.28 1.04 1.43 0.28 0.50 0.36 0.04 0.06 0.06 0.52 0.01 0.01 0.04 0.05 10.17 13.75 0.25 0.35 0.00 0.03 0.15 0.00 0.43 0.11 0.07 0.36 0.14 0.08 0.08 0.06 0.98 1.31 0.20 0.29 0.87 0.64 0.48 0.35 0.09 0.05 0.08 0.24 0.33 0.05 0.03

0.47 0.48 0.17 0.21 + 0.86 0.86 0.08 0.08 2.00 2.00 0.99 1.01 0.72 0.74 0.01 0.02 + 0.02 0.02 + 0.14 0.16 + 0.00 0.00 0.15 0.20 0.00 0.15 0.14 0.14 + 10.12 10.19 0.00 0.00 + 0.17 0.19 + 0.23 0.25 + 0.05 0.05 0.00 0.08 0.03 0.03 + 0.04 0.05 + 0.05 0.05 unch 0.07 0.07 0.04 0.04 + 0.05 0.06 + 0.12 0.12 unch 0.08 0.09 0.82 1.02 + 1.10 1.43 + 0.20 0.28 + 0.47 0.48 + 0.32 0.36 + 0.03 0.04 + 0.05 0.06 + 0.06 0.06 unch 0.47 0.49 + 0.00 0.01 unch 0.00 0.00 0.04 0.04 unch 0.04 0.04 9.42 9.91 + 12.82 13.49 + 0.23 0.24 + 0.33 0.33 + 0.00 0.01 unch 0.00 0.02 unch 0.00 0.15 + 0.00 0.02 unch 0.00 0.40 + 0.10 0.10 0.06 0.06 0.33 0.33 0.11 0.14 + 0.00 0.08 + 0.07 0.08 + 0.05 0.06 + 0.80 0.85 1.13 1.15 0.20 0.20 + 0.27 0.29 + 0.44 0.79 + 0.32 0.58 + 0.31 0.45 + 0.25 0.33 + 0.07 0.07 unch 0.05 0.05 unch 0.07 0.07 0.21 0.23 + 0.28 0.31 + 0.00 0.05 + 0.03 0.03 +

Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls Wealth Mnrls*

O O V O T O V V V O

Stock

0.02 0.05 0.08 0.03 0.27 0.03 0.02 0.01 0.01 0.02 0.00 0.01 0.03 0.03 0.12 0.00 0.02 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.16 0.26 0.12 0.01 0.04 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.41 0.54 0.00 0.01 0.00 0.00 0.05 0.00 0.12 0.01 0.02 0.01 0.03 0.03 0.01 0.01 0.06 0.08 0.00 0.02 0.37 0.27 0.09 0.08 0.00 0.00 0.01 0.02 0.03 0.01 0.01

0.99 0.25 1.48 3.50 9.25 1.28 0.95 0.04 0.04 0.18 0.00 0.22 0.19 0.14 14.19 0.01 0.31 0.41 0.28 0.35 0.06 0.07 0.08 0.11 0.06 0.07 0.14 0.28 1.06 1.45 0.31 0.58 0.44 0.08 0.10 0.09 0.82 0.04 0.10 0.04 0.08 10.17 13.75 0.54 0.67 0.04 0.05 0.35 0.03 0.59 0.11 0.09 0.38 0.14 0.08 0.08 0.06 1.05 1.49 0.26 0.35 0.96 0.73 0.48 0.35 0.09 0.10 0.12 0.35 0.50 0.21 0.06

0.27 0.05 0.35 0.08 0.25 0.80 0.56 0.00 0.01 0.05 0.00 0.10 0.03 0.04 6.49 0.00 0.09 0.14 0.03 0.03 0.00 0.01 0.03 0.04 0.02 0.03 0.03 0.03 0.14 0.19 0.10 0.20 0.15 0.01 0.03 0.03 0.21 0.00 0.00 0.02 0.02 2.88 4.02 0.11 0.17 0.01 0.01 0.10 0.02 0.28 0.04 0.03 0.16 0.04 0.02 0.01 0.01 0.36 0.51 0.09 0.14 0.16 0.16 0.05 0.03 0.02 0.04 0.05 0.10 0.14 0.02 0.02

0.02 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00

0.29 0.15 0.19 0.97 1.35 0.09 0.13 0.06 0.65 0.50

0.02 0.05 0.06 0.23 0.31 0.03 0.03 0.02 0.09 0.06

Wescan Gldflds* Wescan Gldflds Wesdome Gold* Wesdome Gold West High Yld West Kirkland * West Kirkland West Red Lake West Red Lake* Western Areas* Western Atlas Western Copper Western Copper* Western Mag Western Mag* Western Pac Rs* Western Pac Rs Western Potash Western Res* Western Troy C Western U&V Western U&V* Westhaven Vent Westhaven Vent* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* WestMountain* Wheaton Prec M Wheaton Prec M* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Wolfden Res* Wolfden Res Wolfeye Res Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xander Res Xemplar Egy* Xiana Mng Xiana Mng* Ximen Mining* Ximen Mining Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Yukoterre Res Zadar Ventures* Zadar Ventures Zanzibar Gold Zara Res* ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * ZincX Res ZincX Res* Zonte Metals Zonte Metals*

W-Z 1 88 1063 1856 4235 13 341 270 450 535

0.07 0.06 0.09 0.83 1.12 0.06 0.07 0.06 0.09 0.07

0.05 0.06 0.08 0.75 1.04 0.06 0.07 0.06 0.09 0.06

0.07 0.06 0.08 0.78 1.06 0.06 0.07 0.06 0.09 0.06

+ + unch unch unch unch + unch -

(100s)

High Low

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

15 220 380 2438 122 305 1448 4625 1100 1 325 842 423 165 309 2 10 118 1 513 585 272 964 537 12 6 6 0 1 6951 12389 4 649 2399 2 790 245 0 0 12 390 1 407 683 36 196 601 23 660 102 529 638 0 96 18 23 322 134 92 64 15401 81654 0 300 443 250 124 82 2605 180 138 382 111 848 343 42 1189 129 510 75 94 84

Week

12-month

High

Low

Last

Change

0.04 0.06 8.58 11.58 0.12 0.09 0.13 0.13 0.10 1.76 0.10 1.15 0.87 0.13 0.10 0.26 0.36 0.21 0.14 0.05 0.43 0.32 1.05 0.78 0.08 0.09 0.06 0.00 3.50 58.95 43.50 0.07 0.69 0.93 0.04 0.06 0.03 0.00 0.00 0.09 0.12 0.05 0.09 0.07 0.10 0.14 0.87 0.02 0.09 0.05 0.04 0.30 0.00 0.06 0.04 0.51 0.68 0.08 0.65 0.48 7.27 5.38 0.00 0.05 0.06 0.10 0.30 0.28 0.10 0.02 0.51 0.69 0.05 0.42 0.31 0.10 0.02 0.02 0.09 0.07 0.25 0.18

0.04 0.04 unch 0.05 0.06 + 7.90 8.36 + 10.71 11.47 + 0.10 0.12 + 0.08 0.08 + 0.11 0.12 + 0.09 0.13 + 0.06 0.09 + 0.00 1.76 + 0.00 0.10 + 1.05 1.11 + 0.78 0.81 0.12 0.13 + 0.09 0.09 0.00 0.26 unch 0.00 0.36 unch 0.00 0.20 unch 0.14 0.14 unch 0.03 0.03 0.35 0.38 0.26 0.28 0.76 0.94 + 0.55 0.70 + 0.00 0.08 + 0.00 0.09 0.00 0.06 unch 0.00 0.05 unch 3.00 3.50 + 55.50 57.74 + 40.78 42.22 + 0.06 0.07 + 0.63 0.66 + 0.86 0.92 + 0.00 0.04 unch 0.04 0.05 + 0.01 0.01 + 0.00 1.22 unch 0.00 0.08 unch 0.00 0.09 unch 0.00 0.11 + 0.05 0.05 0.08 0.09 unch 0.06 0.06 unch 0.10 0.10 + 0.13 0.13 unch 0.78 0.84 + 0.02 0.02 unch 0.08 0.09 + 0.05 0.05 + 0.04 0.04 0.23 0.26 + 0.00 0.00 unch 0.05 0.05 unch 0.04 0.04 0.43 0.43 0.54 0.56 0.06 0.08 + 0.62 0.65 + 0.45 0.46 6.83 7.13 + 5.01 5.21 + 0.00 0.76 unch 0.05 0.05 unch 0.05 0.06 + 0.10 0.10 unch 0.19 0.24 + 0.26 0.26 unch 0.07 0.10 + 0.01 0.01 0.44 0.44 0.59 0.60 0.05 0.05 unch 0.33 0.39 + 0.24 0.29 + 0.00 0.10 0.01 0.01 0.01 0.01 + 0.08 0.09 unch 0.07 0.07 0.22 0.22 0.16 0.16 -

0.00 0.01 0.48 0.89 0.03 0.00 0.01 0.05 0.03 0.17 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.00 0.20 0.15 0.02 0.02 0.00 0.00 0.50 0.99 0.30 0.01 0.01 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.04 0.01 0.00 0.00 0.01 0.00 0.04 0.00 0.01 0.00 0.01 0.06 0.00 0.00 0.02 0.03 0.08 0.01 0.02 0.01 0.27 0.18 0.00 0.00 0.01 0.00 0.06 0.00 0.02 0.00 0.05 0.05 0.00 0.03 0.02 0.01 0.01 0.01 0.00 0.00 0.02 0.01

High Low 0.04 0.08 9.70 13.50 0.32 0.10 0.14 0.13 0.10 2.32 0.11 1.18 0.95 0.35 0.25 0.26 0.58 0.55 0.41 0.06 1.44 1.12 1.25 0.93 0.35 0.35 0.23 0.14 3.50 65.44 47.15 0.10 1.05 1.38 0.05 0.07 0.07 2.58 0.08 0.10 0.20 0.10 0.17 0.13 0.13 0.17 1.00 0.07 0.15 0.10 0.10 0.30 0.00 0.48 0.29 0.60 0.80 0.15 0.66 0.50 7.85 5.65 1.08 0.05 0.07 0.16 0.30 0.35 0.20 0.27 0.62 0.85 0.10 0.50 0.54 0.22 0.03 0.03 0.17 0.13 0.37 0.28

0.02 0.03 4.05 5.19 0.07 0.03 0.05 0.04 0.02 1.15 0.04 0.44 0.31 0.09 0.07 0.17 0.20 0.13 0.11 0.02 0.25 0.15 0.35 0.25 0.02 0.08 0.04 0.05 1.00 26.99 18.66 0.03 0.29 0.41 0.00 0.02 0.01 0.91 0.04 0.01 0.05 0.02 0.01 0.00 0.05 0.07 0.43 0.02 0.03 0.03 0.01 0.04 0.00 0.04 0.04 0.20 0.26 0.03 0.35 0.20 3.11 2.23 0.64 0.02 0.02 0.08 0.07 0.08 0.03 0.00 0.17 0.26 0.04 0.15 0.12 0.08 0.01 0.00 0.06 0.04 0.17 0.12

BID-ASK — JUNE 22–26, 2020 12-MONTH STOCK

African Metals Aftermath Silv Aguila Amer Gd Allante Res Alturas Min American CuMo AMV Capital Anconia Res Anglo-Bomarc Antler Hill Asbestos Corp Atlanta Gold Atlantic Indus Aurelius Min Austin Res Avarone Metals Banro Corp* Barker Min BE Res Bearclaw Cap BHK Mining Bird River Res Boss Power Brigadier Gold Brigadier Gold Brunswick Res Bullion Gold Cairo Res Camrova Res Canadian Prem Canadian Silv Cassowary Cap Centurion Mnls Cerro de Pasc Chinapintza Mg Cliffs Nat Res* Clydesdale Res Cresval Cap CWN M’g Acq Cyntar Venture Cyprium Mng District Mines Duro Metals EastCoal Inc Edison Cobalt Electra Stone EurOmax Res Eurotin Everton Res EVI Global Grp Excalibur Res Finore Mng Fire River Gol Four Nines Freedom Egy Freeport Res Full Metal Mnl Fusion Gold GAR Limited Gentor Res GFM Res GK Resources Global Cop Grp

EXC

BID

ASK

LAST

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

0.06 0.24 0.17 0.01 0.01 0.06 0.10 0.01 0.08 0.10 0.35 0.03 0.02 0.13 0.08 ...

0.11 0.01 0.12 0.01 0.02 0.01 0.17 0.05 0.28 0.01 0.06 0.31 ...

0.20 ...

0.02 0.07 ...

0.01 1.45 0.03 0.02 0.05 0.16 0.03 ...

0.06 0.07 0.03 0.01 0.03 0.02 0.10 0.10 0.09 0.12 0.03 0.11 0.02 0.27 0.01 0.01 ...

0.05 0.06 1.02 0.07

0.09 0.25 0.22 0.25 0.01 0.07 ...

0.01 0.08 0.10 ...

0.04 0.02 0.14 0.12 ...

0.11 0.01 0.15 0.03 0.02 0.01 0.20 0.10 0.28 0.01 0.15 0.60 0.01 0.25 0.06 ...

0.07 ...

1.00 3.20 0.04 0.02 0.07 0.30 0.03 ... ...

0.10 0.05 0.02 0.04 0.03 0.10 0.15 0.10 0.12 0.07 0.20 0.02 0.40 0.01 ... ...

0.07 0.10 ...

0.08

0.06 0.25 0.22 0.16 0.01 0.06 0.07 0.01 0.15 0.06 0.35 0.03 0.02 0.14 0.12 0.04 0.11 0.01 0.12 0.01 0.02 0.01 0.17 0.05 0.28 0.03 0.10 0.21 0.07 0.23 0.06 0.05 0.07 0.29 0.02 1.43 0.02 0.03 0.05 0.11 0.03 0.12 0.13 0.09 0.04 0.01 0.04 0.02 0.03 0.10 0.10 0.11 0.09 0.10 0.01 0.40 0.10 0.17 0.15 0.03 0.07 0.26 0.08

HIGH

LOW

0.33 0.24

0.05 0.12

0.02

0.01

0.08

0.07

0.09 0.50 0.04 0.02 0.15 0.13 0.15 2.10

0.04 0.30 0.03 0.01 0.03 0.04 0.03 0.10

0.25 0.03

0.09 0.01

0.02

0.01

0.08 0.28

0.05 0.11

0.47 0.35

0.09 0.20

1.35

0.10

0.12 0.14 0.34 0.02 7.17 0.03 0.08 0.21 0.11

0.01 0.04 0.12 0.01 0.98 0.01 0.02 0.03 0.08

0.24 0.14 0.09 0.06

0.05 0.11 0.06 0.02

0.07 0.04 0.03 1.14 0.11

0.02 0.01 0.03 0.05 0.01

0.16 0.02 0.73

0.10 0.01 0.08

0.18 4.13 0.06 0.08 0.30 0.11

0.17 0.13 0.03 0.05 0.19 0.04

12-MONTH STOCK

Global Vanad Goldbelt Emp Goldblock Cap Graphite Egy Great Lakes Gr Great Quest Fe Green Arrow Grosvenor Res GrowMax Res Gunpoint Expl HFX Holding Highbury Proj Highvista Gold Hornby Bay Mnl Indico Res Inspiration Mg Interconnect Intl Battery Iron South Mng Jasper Mining Kanadario Gold Kapuskasing Gd Karam Min Karora Res Kermode Res Knick Expl Kodiak Copper Kootenay Zinc La Imperial Lasalle Explor Latin Metals Le Mare Gold Leo Res Lida Resources Lightspeed Dis Lions Bay Cap Lions Bay Mg Madeira Mrnls MAG Silver* Magna Terra Major Precious Mariner Res McChip Res Mega Copper Meridius Res Metalo Manuf Metron Capital Micrex Dev Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Minsud Res Miramont Res Mongoose Mg Montana Gold Navy Res Nebu Res Nevado Res New Klondike New World Res Norse Gold

EXC

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

BID

0.17 0.01 0.14 ...

0.05 ...

0.02 0.15 0.02 0.53 0.01 0.19 ...

0.09 ... ...

0.04 ...

0.24 0.06 0.18 0.06 0.10 0.47 0.01 0.01 0.05 0.04 0.02 0.09 0.03 0.01 ... ...

0.11 0.02 0.27 ...

12.52 0.02 ...

0.14 0.41 0.03 0.13 0.09 0.25 0.02 0.06 0.01 0.04 ...

0.08 0.05 0.14 0.15 0.09 0.22 0.03 0.07 0.01 0.50 0.03

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

0.24 0.02 0.25 ...

0.05 0.01 0.03 0.20 0.02 0.69 1.49 0.30 ...

0.10 0.01 ...

0.11 ...

0.27 0.10 0.19 0.09 ...

0.48 0.02 0.01 0.06 0.05 0.11 0.11 0.04 0.01 ... ...

0.20 0.03 0.28 ...

13.30 0.02 ...

0.25 0.52 0.12 ...

0.19 0.33 0.02 0.09 0.50 0.06 ...

0.08 0.10 0.14 0.29 0.10 0.29 0.03 0.09 0.01 0.50 0.05

0.24 0.02 0.14 0.47 0.04 0.10 0.02 0.15 0.09 0.52 0.01 0.22 0.17 0.11 0.01 0.03 0.06 0.31 0.24 0.06 0.18 0.10 0.17 0.48 0.01 0.01 0.05 0.04 0.01 0.08 0.03 0.09 1.09 0.24 0.20 0.02 0.28 0.03 12.52 0.02 0.42 0.15 0.41 0.02 0.12 0.20 0.24 0.01 0.07 0.05 0.05 0.12 0.15 0.05 0.14 0.14 0.10 0.25 0.04 0.07 0.01 0.21 0.04

0.28

0.16

0.14 0.47

0.12 0.42

0.04 0.17 0.10 0.74 0.05 0.30

0.02 0.08 0.08 0.43 0.01 0.17

0.11 0.01

0.02 0.01

0.06

0.06

0.28 0.25 0.25 0.14 0.17 0.73 0.02

0.04 0.01 0.15 0.03 0.03 0.20 0.01

0.13 0.18 0.12 0.18 0.16 0.09

0.04 0.02 0.01 0.08 0.02 0.04

0.27 0.20 0.06 0.39

0.13 0.08 0.01 0.04

14.40 0.03 0.42 0.20 0.65 0.16 0.17 0.35 0.42

6.12 0.01 0.02 0.13 0.39 0.02 0.11 0.07 0.06

0.15

0.07

0.05 0.20

0.02 0.07

0.15 0.17 0.15 0.10 0.25

0.01 0.05 0.11 0.02 0.10

0.17

0.07

Odyssey Res Optimum Vent Pac Arc Res Pac Bay Mnrls Pac Imperial Pacific Silk Paleo Resource Pan Andean Min Patriot Gold Pedro Res PPX Mining Prism Res Quantum Cobalt Rare Element* Razore Rock Res Red Oak Mining Reliant Gold Remington Res Rhyolite Res Rizal Res Rochester Res Rockland Mnls Rockwealth Res Ross River RT Minerals Rubicon Mnrls* Sage Gold Saint Jean Samco Gold Secova Mtls Sennen Potash Silver Phoenix Skarb Explor Slave Lake Zn SouthGobi Res Southstone Min Spey Resources Stans Energy Stevens Gold Surge Explor Thunder Mtn Gd Tiger Intl TomaGold Tri-River Vent TriMetals Mng True Grit Res Universal Cop Upper Canyon Vale* ValOre Metals Vatic Vent Venerable Vent Walcott Res Whitemud Res Winshear Gold Winston Res Worldwide Res Yukoterre Res Zara Res Zenith Explor Zinco Mng Zincore Mtls

0.05

0.02

EXC

BID

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

0.03 0.30 0.01 0.06 0.01 0.02 0.01 ...

0.03 ...

0.01 0.02 ...

0.11 0.06 0.10 ...

0.09 0.14 0.01 0.03 0.07 0.46 ...

0.04 ...

0.01 0.02 0.01 0.05 ...

0.18 0.02 0.04 0.02 0.01 0.04 0.01 0.27 0.39 0.01 0.14 0.05 ...

0.11 0.01 0.06 ... ...

0.06 0.05 0.07 0.10 0.01 0.12 ...

0.03 0.08 ...

0.03 0.05 ...

ASK

0.04 0.40 0.25 0.12 0.02 0.03 0.02 0.09 0.08 0.24 0.07 0.03 ...

0.16 0.10 0.10 ...

0.14 0.18 0.02 0.05 0.08 0.50 0.26 0.05 ...

0.01 0.02 0.01 0.06 1.10 0.25 ...

0.08 0.09 0.01 0.07 0.01 0.30 0.44 ...

0.22 0.05 ...

0.12 ...

0.07 2.00 ...

0.07 0.05 0.10 0.20 0.02 0.14 0.04 0.03 0.20 ...

0.68 0.07 0.40

LAST

0.03 0.29 0.16 0.07 0.02 0.02 0.01 0.09 0.05 0.10 0.06 0.03 1.10 0.15 0.10 0.10 0.02 0.09 0.15 0.02 0.03 0.08 0.46 0.26 0.05 0.03 0.02 0.04 0.05 0.05 0.45 0.11 0.08 0.04 0.09 0.01 0.06 0.01 0.27 0.39 0.07 0.17 0.05 0.04 0.12 0.02 0.05 0.25 10.24 0.07 0.10 0.06 0.09 0.02 0.14 0.01 0.02 0.10 0.07 0.02 0.05 0.05

HIGH

LOW

0.05 0.30 0.30 0.15 0.03 0.04 0.07 0.10 0.06 0.22 0.08 0.05 3.15 0.89 0.10 0.28

0.02 0.15 0.16 0.05 0.01 0.01 0.01 0.03 0.05 0.09 0.04 0.01 0.20 0.06 0.04 0.04

0.16 0.21 0.02 0.08 0.11 0.50

0.07 0.04 0.01 0.03 0.01 0.14

0.07 1.35

0.02 0.03

0.04 0.06 0.06

0.03 0.05 0.03

0.19 0.10 0.09 0.20 0.04 0.06 0.11 0.30 0.23 0.17 0.20

0.10 0.08 0.04 0.06 0.01 0.02 0.01 0.25 0.03 0.07 0.04

0.12 0.02 0.23

0.03 0.01 0.03

11.10 0.13

6.57 0.07

0.09 0.20 0.03 0.15 0.04 0.07 0.16 0.22 0.20

0.03 0.09 0.01 0.05 0.01 0.02 0.08 0.07 0.02

24

JULY 6–JULY 12, 2020 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM