The Northern Miner Jul 19 2021 Issue 15 by The Northern Miner Group

EXPLORATION: BANYAN GOLD SEES DISTRICT-SCALE POTENTIAL / 2 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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Centerra brings additional claims in Kyrgyz-Kumtor arbitration

A drill rig at McEwen Mining’s Los Azules copper project in Argentina’s San Juan province. MCEWEN MINING

LEGAL

| Gold mine was expropriated by government in May

McEwen Mining charts a course to capture the most value from Los Azules COPPER

| Rob McEwen says newly minted McEwen Copper will provide shareholders with exceptional copper price leverage

BY HENRY LAZENBY

ith the copper price trending in record territory after nearly doubling over the past 12 months, mining veteran and industry luminary Rob McEwen tells The Northern Miner the time had finally come to unlock the inherent value of its large-scale, advanced Los Azules copper project in Argentina. McEwen Mining (TSX: MUX; NYSE: MUX) announced last week it would spin out the Los Azules copper project in San Juan, Argentina, and the Elder Creek exploration property in Nevada into newly created McEwen Copper, subject to a 1.25% net smelter return royalty on both assets payable to McEwen Mining. McEwen Copper will, in turn, raise US$80 million through a private placement and become a public company within 12 months of its closing. McEwen says the asset has been in the McEwen Mining fold for longer than the namesake gold business has carried his name. The broad resource bear market of the past decade did not help spur investment in new copper development projects. Thus, management has been weighing several options ranging from an outright sale, a joint venture partnership with a deep-pocketed mid-tier or major or developing the asset itself. “With copper running up over US$4.00 per lb, Los Azules starts to take on a new life,” says McEwen. “It is very sensitive to the price of copper.” McEwen explains that in the cur-

rent copper price environment, the net present value of the project, as calculated in a 2017 preliminary economic assessment using US$3 per lb., goes from just about US$2.2

billion to over US$5 billion. And that’s using an 8% discount on the property. See MCEWEN MINING / 8

BY HENRY LAZENBY

anadian miner Centerra Gold (TSX: CG; NYSE: CCAU) has brought additional claims in its binding arbitration against the Kyrgyz Republic government as it fights the “wrongful expropriation” of the cornerstone Kumtor mine. Centerra has also named state monopoly gold refiner and Centerra’s largest shareholder, Kyrgyzaltyn, as a respondent. According to the amended notice of arbitration, Kyrgyzaltyn conspired with the Kyrgyz government to take control of the mine under the guise of temporary ‘external management’. It appears to continue acting at the government’s behest concerning the Kumtor operation and its shareholding in Centerra, the company alleges. The Kumtor external management has circulated monthly press releases exceptionally critical of Centerra, with the language use dripping of likely propaganda. For example, on June 25, the external management declared Kumtor was once more operating at full capacity and meeting all production expectations. It said: “Initial hurdles resulting from the manoeuvres of Centerra designed to impede smooth operations have been overcome. Managers drew upon their experience and the goodwill of employees, suppliers and contractors to restore key systems and resume production at the mine.” On a June 1 conference call, Centerra said it was conducting a “strategic review” of its ownership of Kumtor Gold Company and the Kumtor Operating Company. “The seizure of the mine is based on false information and groundless allegations that undermine everything we have built together,” Scott Perry, Centerra’s president and CEO, said in an open letter to the people of Kyrgyzstan. “We fear that the government’s unjustified action will put thousands of well-paying jobs and the businesses of hundreds of Kyrgyz suppliers at risk.” On July 6, the external management published an open response to Perry’s letter, demanding he return stolen Kyrgyz wealth. They accuse Perry and the company of running away from facing accountability under Kyrgyz law for environmental

BOOKS: TALES FROM THE PROSPECT CLUB / 5

issues previously settled. In the two months since the alleged Kumtor expropriation, the external management reports Kumtor has generated US$82 million worth of gold, causing “great joy and enthusiasm among our citizens.” “We would like to emphasize that in spite of you and because of our work, the country is now beginning to receive resources that help make the lives of our people easier,” says Kumtor external management. “There was no justice in the fact that our mine provided the lion share of the profits of Centerra.” Centerra seeks to hold the Kyrgyz government and Kyrgyzaltyn responsible for all losses and damages that result from their coordinated campaign to seize the gold mine in violation of longstanding investment agreements and without compensation to Centerra. The company also seeks to prevent the Kyrgyz government and Kyrgyzaltyn from taking any further actions to nationalize the mine or See CENTERRA / 2

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Banyan Gold sees district potential as AurMac drilling heats up YUKON

BY HENRY LAZENBY

xplorer Banyan Gold (TSXV: BYN) is on track to deliver a second resource estimate early in 2022 for its flagship AurMac property in the Yukon, president and CEO Tara Christie tells The Northern Miner. She expects a busy six months of news flow ahead as the team wraps up the field season at the early-stage exploration property, which Christie says forms part of an emerging district-scale gold-silver opportunity. Banyan has just released its fourth round of drill results from AurMac. The 173 sq. km property lies 30 km from Victoria Gold’s (TSX: VGCX) Eagle gold mine and next to Alexco Resource’s (TSX: AXU; NYSE-AM: AXU) Keno Hill silver district. AurMac is considered highly prospective for structurally controlled, intrusionrelated gold-silver mineralization. Christie says Banyan’s summer exploration strategy entails the systematic testing of the Powerline deposit on 100-metre centred step-out drilling and the goal is to validate the geological model and expand known near-surface gold mineralization limits. Among the most recent set of five assays from the Powerline zone are 0.85 gram gold per tonne tonne over 12.2 metres from surface in hole AX-21-87; 0.47 gram gold per tonne over 26.4 metres from 25.9 metres in hole AX-21-91; and 0.7 gram gold per tonne over 50.3 metres from 85.1 metres in AX-21-91. “Once we start to get back some of the results from Powerline and the Aurex Hill target, then we’ll plan for the next 6,000 to 10,000 meters of drilling. We will have enough money to drill through to September,” says Christie. “Our goal was to get to that twomillion oz. threshold resource for our next update, which we’re planning for Q1 of 2022. But we think we’re well on track to do that,” she says in an interview. Banyan released the first resource estimate on AurMac in May 2020. It has 903,945 oz. gold in 52.58 million tonnes grading 0.535 gram gold per tonne spread across Airstrip and a fraction of the Powerline deposit. Initial metallurgy was good, with tests showing 90% recovery on oxide and sulphide ores, which bodes well for a heap leach scenario. To date, Banyan has expanded Powerline over 1.2 km to the south. “We’re now really growing this very quickly,” she says. “We’re planning roughly a six-fold increase in the

| Company foresees six-fold increase in mineralized footprint

mineralized footprint from what we started with. Holes like 81 meters at one gram are pretty exciting for adding ounces.” Christie is very excited about the Aurex Hill target. “In drilling it, we expected a 20% to 30% hit rate. Well, every single hole we drilled intersected mineralization. So now we can say, between Powerline and Aurex Hill, there are 2.5 kilometres of mineralization for us to follow up on and drill. “And what makes us so excited about Aurex Hill [is] we think this small part of our property has the potential to host three to five million ounces,” says Christie. AurMac sits in the same system that created all of the gold at Victoria Gold’s nearby Eagle mine — the Yukon’s biggest gold mine, which announced commercial production on July 1, 2020. The Powerline and Aurex Hill targets currently being drilled are testaments to how underexplored the Yukon still is, Christie says. “They are right beside the highway, like under a highway. And it’s been sitting here for all these years, and nobody saw it. It shows you just how much there is yet to explore in the Yukon.” All AurMac deposits remain open. Banyan has already expanded Powerline to the west and strongly expanded mineralization to the east towards Aurex Hill. The Airstrip deposit is thought to continue off to the west stronger, while other recent holes indicate a likely extension east. Banyan’s AurMac is flanked by its two largest shareholders, Victoria Gold and Alexco Resource, from which it is earning a 100% interest in large sections of its claim base. Christie sees the recent restart of mining at Alexco’s Keno Hill silver operation and the start of the largescale Eagle mine, including Banyan’s continued exploration success, as underpinning the makings of Canada’s next mining district. “Even John [McConnell, Christie’s husband and Victoria Gold’s president and CEO] says that he thinks that the Eagle mine will produce to 20 to 30 years. “Victoria and Alexco are going to start cash flowing, drawing other people in, because you can navigate the permitting process, and the local First Nations are very knowledgeable on mining,” says Christie. “The region is so amazingly endowed with gold and silver — most hasn’t been discovered yet.” Christie says Banyan is already drawing upon synergies in its permitting process and the work already

CENTERRA From 1

improperly dispose of it. Kumtor is the largest of Centerra’s three gold mines, accounting for over 50% of the company’s total output. Since the seizure late in May, Centerra’s Kyrgyz subsidiaries have filed for Chapter 11 protection, and it has also sued the new external manager of the mine, claiming that he conspired to steal the asset from the company while he was a director. Centerra said at the time KGC and KOC were solvent, with total assets (including the Kumtor mine) in excess of US$1.1 billion and no external bank debt. “The court-supervised process provides, among other things, for a worldwide automatic stay of all claims against KGC and KOC. Centerra hopes

Inside Centerra Gold’s Kumtor mine in the Kyrgyz Republic. CENTERRA

“IN DRILLING IT, WE EXPECTED A 20% TO 30% HIT RATE. WELL, EVERY SINGLE HOLE WE DRILLED INTERSECTED MINERALIZATION.” TARA CHRISTIE, CEO, BANYAN GOLD

Above: Banyan Gold CEO Tara Christie. BANYAN GOLD Left: The Banyan Gold crew social distancing in camp. BANYAN GOLD Bottom: Banyan Gold’s exploration targets. BANYAN GOLD

accomplished by Alexco and Victoria Gold. “We’re able to use a lot of the data that they collected for their permitting process, saving us a lot of money and time.”

While it’s still early days, there already exists potential production synergies between AurMac and its neighbours. Should a company like Victoria

Gold want to acquire the project or Banyan, there are a couple of options. Victoria Gold could put in a pipeline to transport ore or build a heap leach at AurMac and pipe the loaded carbon to the existing production facilities to reduce trucking. Alexco also has a mill near the project that could be amenable to processing the higher-grade material. “The most value for my shareholders is to make this a standalone mine. By doing that, we can hopefully attract a mid-tier investment partner or an eventual sale, which captures enhanced value for shareholders,” says Christie. “When you look at what happened in Red Lake [Ontario], it started small. And then you saw more mines pop up, and more mineralization was found in the headframe of those initial discoveries, and like that, this district is going to see the same story,” she says. “We’re going to find more and more in this area. The mineral endowment is there, and you can build a mine.” TNM

that this internationally recognized, orderly restructuring process will facilitate potential negotiations with the Kyrgyz Government.” Centerra is not a party to or affected by the Chapter 11 filing and remains financially strong with more than US$800 million in cash and in excess of US$1.2 billion in liquidity as of March 31, 2021. The Kumtor mine has produced more than 13.2 million ounces of gold between 1997 and the end of 2020. Last year’s output was slightly over 556,000 ounces. Centerra has guided in January for Kumtor to produce 470,000 to 510,000 oz. gold, with improving grades and production expected towards year-end. In February, the country formed a commission in charge of reviewing the operation as the state Tax Service

revived previously dismissed claims against Centerra. The revenue agency alleges the Toronto-based miner owes more than US$170 million, which could make it subject to penalties or sanctions. Centerra has said the 2009 restated project agreements that govern the Kumtor mine contained a specific tax and fiscal regime. This states that no taxes are payable by its local unit Kumtor Gold Company on intercompany transactions with Centerra, including dividends. Centerra is also facing a civil suit against the operation, requesting that its past practice of placing waste rock on glaciers be determined illegal. The claimants are demanding over US$3 billion in environmental damages in favour of Kyrgyzstan. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

BloombergNEF ups battery demand forecast BATTERY METALS

BY ALISHA HIYATE

attery metals prices have seen a strong recovery in the first half of 2021, and in its H1 Battery Metals Outlook report, which forecasts demand to 2030, BloombergNEF (BNEF) projects markets for key battery metals to remain robust. Starting with projected total battery demand, the research company noted that its forecast for 2030 demand has risen 35% over the last year. Now, BNEF expects demand to pass 2.7 terrawatt hours per year in 2030, with the rise coming from higher expected demand for passenger EVs. Going forward, if higher battery metals prices are sustained, the report says it could influence preferred battery chemistries — but not EV adoption overall. Automakers could choose to switch from highnickel chemistries to lithium iron phosphate (LFP) chemistry, even though it would reduce performance

| Markets expected to remain robust through to 2030

and particularly range of some EVs. However, “this would enable the electrification of transport to continue unabated.” Key highlights While BNEF predicted at the beginning of the year that a price differential in nickel would emerge in order to incentivize nickel sulphate production, no signs of a “two-tier system” for nickel prices have yet materialized. As a result, nickel prices are likely to hold steady around US$18,000 per tonne for 2021. While some pressure has been taken off of the demand for nickel sulphate as some Chinese automakers have switched to LFP chemistries, BNEF still sees a possible nickel sulphate deficit of 128,000 tonnes as early as 2024. Lithium carbonate and hydroxide prices have climbed by 71% and 91% respectively this year, with prices expected to rise further then plateau as more supply comes online in 2021-22. Both are well supplied

Figure 1: Metals demand from lithium-ion batteries Million metric tons 16

2021 vs 2030 Copper

5.5x

Aluminum

5.7x

Phosphorus

6.6x

Iron

6.6x

Manganese

9.3x

Graphite

4.0x

Nickel

5.2x

Cobalt

1.5x

Lithium

5.3x

14 12 10

2 0 2020

2022e

2024e

2028e

2026e

2030e

Source: BloombergNEF. Note: Metals demand occurs at mine mouth, one-year before battery demand. All metals expressed in metric tons of contained metal, except lithium, which is in lithium carbonate equivalent (LCE).

until 2025, but hydroxide could face a shortage by 2027 as demand for high-nickel chemistries rises.

With cobalt prices up 42% yearto-date, BNEF expects prices to hold at about US$44,000 per tonne up to

2025. The firm expects supply to be in surplus for the decade, starting with a small surplus this year. TNM

KPMG report shows industry optimism around ‘green’ metals, but flags ESG risks ESG

| Input came from 225 global mining companies including 89 headquartered in Canada

BY ALISHA HIYATE

s the world transitions to clean energy, rising demand for “green” metals is contributing to renewed optimism in the growth prospects for Canada’s mining industry, according to a KPMG in Canada report released on July 8, Risk and Opportunities for Canadian miners. Minerals like lithium, cobalt and nickel are critical to the green and digital transition now underway to achieve a below 2°C future. The production of metals needed to deploy wind, solar and geothermal power, as well as energy storage, is predicted to increase by nearly 500% by 2050, according to the World Bank. Demand for lithium used in batteries including in electric vehicles, for example, is expected to expand by a factor of 30 by 2030, according to the International Energy Agency. “The outlook for the mining industry is extremely positive,” says Heather Cheeseman, partner and Toronto mining leader, KPMG in

Canada. She warns, however, that their growth prospects could be dimmed by many factors, not least of which include how companies respond to environmental, social and governance (ESG) risks, and technological transformation. The report, which is based on a survey of 225 global mining companies including 89 headquartered in Canada, reveals that Canadian miners are far more concerned than their global peers about the ‘S’ in ESG criteria by which investors evaluate sustainable, long-term financial returns. The key findings include: • 42% of Canadian miners ranked community relations and social licence to operate as the top ESG risk (24% globally). • Only 19% included environmental risk as a top risk (27% globally). • 90% agreed they need a clear, measurable ESG strategy (79% globally). The pandemic is accelerating the focus on ESG, particularly on how credible, reliable and accepted mining companies and projects are in

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nology disruption in the next three years, with four in five viewing it as an opportunity instead of a threat. Yet only a third of Canadian miners say their organization is actively disrupting the industry through digital innovation, compared to half of global respondents. “There is a distinct need to find ways to better manage costs and

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mitigate risks whether that’s through consolidation or embracing innovation,” says Cheeseman. While access to capital had previously been a top risk, more Canadian miners now say their ability to access equity financing has improved over the past year, largely due to investor interest in the green economy transition. TNM

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EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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Key vulnerabilities in getting to net zero

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com MULTIMEDIA SPECIALIST: Henry Lazenby hlazenby@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: US$120.00 one year Foreign: US$157.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

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

COLUMN

| New research identifies gold for fools

BY DR. CHRIS HINDE Special to The Northern Miner

n a recent report, the International Energy Agency warned that demand for critical minerals like copper, cobalt, lithium, nickel and rare earth elements needed for clean energy technologies is going to explode by 2040, and cautioned that “how policy makers and companies handle the challenges around reliable and sustainable BY TRISH SAYWELL supply will determine whether critical minerals are a vital enabler of clean energy transitions or a bottleneck in the process.” The Paris-based agency, which advises governments on energy policy, outlined the key vulnerabilities in reaching emissions targets, most of which the mining industry knows all too well, but bear repeating here: the geographical concentration of production; long project development timelines; declining resource quality; environmental and social performance of production; and exposure to climate-related risks such as water stress. The Role of Critical Minerals in Clean Energy Transitions is a wake-up call that should be required reading for everyone, especially for those who haven’t yet drawn the link between mining and the materials it provides, and the fight against climate change. While it’s difficult to summarize all of its 287 pages here, I’ve extracted what I believe are the report’s most salient points. Geographical Concentration of Metals: Production and processing operations are concentrated in a handful of countries and that isn’t going to change any time soon. The world’s top three producing nations for lithium, cobalt and rare earth elements (REEs), control more than three quarters of global output. In 2019, the Democratic Republic of Congo produced 70% of the world’s cobalt and China produced 60% of the world’s REEs. The western part of South America — Chile and Peru — is responsible for 40% of global copper output; Indonesia and the Philippines represent 45% of all nickel output; and South Africa about 70% of the world’s platinum. In terms of refining, the level of concentration is higher still: China’s share is about 50-70% for lithium and cobalt; nearly 90% for REEs and about 35% for nickel (the nickel refining figure “becomes higher when including the involvement of Chinese companies in Indonesian operations”). These types of concentrations can lead to supply disruptions, the IEA warns, due to changing trade patterns, geopolitical considerations and climate events. Development Timelines: Of the major mines that began operating between 2010 and 2019, it took an average of 16.5 years to move them from discovery to production, the report stated. (On average more than 12 years for exploration and feasibility studies and four to five years for construction.) And mining is only one aspect of the supply chain; many of these critical materials must then be converted into chemicals, such as lithium hydroxide, which is used in batteries. In short, the report argues, “there is a mismatch between the pace of change in demand and the typical project development timeline.” Declining Resource Quality: Average copper grades in Chile have fallen by 30% since 2005. And mining lower grades requires more energy, which raises production costs and greenhouse gas emissions, the report states. “Due in part to declining resource quality, the production and processing of energy transition minerals are energy-intensive, involving higher emissions to produce the same quantity of product.” Mining lower grade ore also results in greater amounts of waste rock and tailings, according to the report. Environmental and social production performance: Increasing scrutiny of environmental, social and governance (ESG) could impact costs and supply. In 2019, about 10-15% of copper, lithium and cobalt production and nearly half of nickel production “came from regions with low governance scores and high emissions intensity,” the report said. Climate risks and water stress: About half of the world’s lithium and copper production comes from regions that experience water stress. In Chile, about 80% of the copper is produced at mines in arid and water-stressed areas. The report also quantifies the demand it sees for critical minerals by 2040, if the world wants to reach the goals of the Paris Agreement, or keep temperature rise to below 2 degrees Celsius. “In a scenario that meets the Paris Agreement goals, clean energy technologies’ share of total demand rises significantly over the next two decades to over 40% of copper and rare earth elements, 60-70% for nickel and cobalt, and almost 90% for lithium.” Put another way, meeting the goals of the Paris Agreement “would mean a quadrupling of mineral requirements for clean energy technologies by 2040,” and “an even faster transition, to hit net-zero globally by 2050, would require six times more mineral inputs in 2040 than today.” The report also notes that “expected supply from existing mines and projects under construction is estimated to meet only half of projected lithium and cobalt requirements and 80% of copper needs by 2030.” As for policy prescriptions, the IEA puts forth key recommendations: making sure there is adequate investment in diversified sources of new supply; promoting innovation in technology throughout the value chain; making recycling a priority; improving supply chain resilience and market transparency; mainstreaming better ESG standards; and improving international collaboration. And in order to increase investment in new sources of supply, governments must make their climate ambitions clear because they offer signals to investors. “Here, governments have a key role to play in reducing uncertainty by sending strong and consistent signals about their climate ambitions and implementing specific policies to fulfill these long-term goals,” the report states. “Long-term visibility is essential to provide the confidence investors need to commit to new projects.” TNM

Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

THE VIEW FROM ENGLAND

olossal pandemic spending by governments worldwide over the past 18 months has meant inflation is back in the news, as is gold contained in pyrite following publication of academic research in Australia. Most prices rise over time. Inflation has been especially destructive in the United Kingdom over the past 750 years, with the Bank of England calculating that £1 in 1270 had a purchasing-power equivalent of over £1,350 in 2020. Gold enthusiasts abound at the moment, citing it as an investment vehicle for the inflationary times ahead. Unfortunately for these gurus the precious metal’s attributes have not always been borne out historically. Admittedly, an ounce of gold in 1500 would have cost only £2, compared with £1,300 per oz. at the moment, but (measured in British pounds) gold has been a horrible investment for much of the past 500 years. The purchasing power of gold suffered particularly badly in sterling during the 16th and 17th centuries. Between 1489 (when the Royal Mint issued the first Sovereign coin, fixing £1 at 0.5 oz.) and 1717 (when Isaac Newton fixed £1 at 0.235 oz.), gold’s nominal value more than doubled to £4.26 per ounce. During the intervening 228 years, however, the real (inflation adjusted) value had slumped from over £1,200 per oz. (measured in current money) to barely £200 per ounce. Much of the reason for this slump in purchasing power was the influx of gold to Europe from Spanish conquests across South America. One Englishman to benefit from the shipment of precious metal across the Atlantic was Sir Francis Drake (1540-1596), who is best remembered for robbing Spanish galleons. He was also, however, the first Englishman to see the Pacific Ocean (1573) and then sail across it as part of his circumnavigation of the globe (1577-1580). Drake’s exploits against Spanish treasure ships made him a hero to the English, and Queen Elizabeth I’s half-share of the cargo in 1580 surpassed the rest of the crown’s income for that entire year. Unsurprisingly, he was considered a pirate by the Spanish, who put a price of 20,000 ducats on his head (worth over US$4 million in current dollars). This Venetian ‘Duke’s Coin’, introduced in 1284, contained 3.55 grams of 99.5% pure gold, and was the world’s most popular coin for five centuries. During the 18th and 19th centuries, and most of the 20th, gold maintained a stable real price (from a British perspective), trading at around £300 per oz. in current money. It is only during the relatively recent past (since the United States came off the gold standard in 1973) that gold has been more

than just a store of wealth, and outpaced inflation. The higher valuation of gold in the past 50 years makes more exploitable the discovery of a new kind of ‘invisible’ gold in the mineral pyrite (FeS2). The research, led by Denis Fougerouse (a research fellow at the School of Earth and Planetary Sciences at Curtin University in Perth), was peer reviewed by The Geological Society of America and published on June 24 in the Geology publication of GeoScienceWorld. Fougerouse has presented an overview of the findings through Australia’s independent online publisher ScienceAlert. He noted that pyrite was historically nicknamed Fool’s Gold because of its deceptive resemblance to the precious metal. Ironically, pyrite crystals can contain small amounts of real gold, although it is notoriously hard to extract. In the 1980s, researchers discovered that the gold in pyrite came in different forms — either as discrete metallic nanoparticles or structurally bound in the crystal lattice as a finely mixed sulphide-gold alloy. In the new research, it has been discovered that there is a third, previously unrecognised, way that gold can occur. Fougerouse explained that gold has now been identified in nanoscale dislocations, and this represents “a new style of invisible gold.” When the pyrite crystal is forming under extreme temperature or pressure, it can develop tiny imperfections in its crystal structure that can be ‘decorated’ with gold atoms. This research provides an insight into how mineral deposits form, and may also help miners more efficiently extract gold from pyrite. Dislocation sites within crystals could potentially offer an enhanced partial leaching, or a target for bacteria to attack and break down the crystal, releasing the gold in a bio-leaching process. This would potentially reduce the energy consumption necessary for extraction. Moreover, the researchers claim that accurate quantification of the invisible-gold deformation microstructures could lead to “processing options tailored to highly deformed gold deposits in polymetamorphic terranes commonly hosting orogenic-type gold deposits.” Fougerouse argues that although these ideas are untested, they “definitely merit investigation.” He concludes; “If it helps pave the way for more sustainable goldmining methods, then perhaps Fool’s Gold isn’t so foolish after all.” I am sure this is true, but it’s not as evocative imagining Sir Francis stalking Spanish ships for a cargo of pyrite. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX ACME Lithium . . . . . . . . . . . . . . . . . .11 Albemarle . . . . . . . . . . . . . . . . . . . . . . .11 Alexco Resources . . . . . . . . . . . . . . . . . .2 Almaden Minerals . . . . . . . . . . . . . . . . .6 Alpha Lithium . . . . . . . . . . . . . . . . . . .10 AngloGold Ashanti . . . . . . . . . . . . . . . .6 B2Gold . . . . . . . . . . . . . . . . . . . . . . . . . .6 Banyan Gold. . . . . . . . . . . . . . . . . . . . . .2 Barrick Gold. . . . . . . . . . . . . . . . . . . . . .6 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Centerra Gold . . . . . . . . . . . . . . . . . . 1,2

Clean Air Metals . . . . . . . . . . . . . . . . .16 Ero Copper . . . . . . . . . . . . . . . . . . . . . .10 Falco Resources . . . . . . . . . . . . . . . . . . .8 First Cobalt . . . . . . . . . . . . . . . . . . 11,14 First Majestic Silver . . . . . . . . . . . . . . . .6 First Quantum Minerals . . . . . . . . . . . .8 Glencore . . . . . . . . . . . . . . . . . . . . . . . . .8 Graphite One . . . . . . . . . . . . . . . . . . . .14 Grid Metals . . . . . . . . . . . . . . . . . . . . .14 Impala Platinum Holdings . . . . . . . . .16 Lundin Mining . . . . . . . . . . . . . . . . . . .16

McEwen Mining . . . . . . . . . . . . . . . . 1,8 Neo Lithium . . . . . . . . . . . . . . . . . . 14,15 Newmont . . . . . . . . . . . . . . . . . . . . . . . .6 Nickel Creek Platinum . . . . . . . . . . . .15 Nouveau Monde Graphite . . . . . . . . . .15 Patriot Battery Metals . . . . . . . . . . . . .15 Pure Energy Limited . . . . . . . . . . . . . .11 Victoria Gold . . . . . . . . . . . . . . . . . . . . .2 Vizsla Silver . . . . . . . . . . . . . . . . . . . . . .6 Vital Metals Limited . . . . . . . . . . . . . . .9

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

Tales from the Prospect Club: 70 Years of Adventures in Mining PEOPLE IN MINING

| New book presents insiders’ stories from the history of the industry

Let me get straight to the point: Tales From The Prospect Club is one of the most enjoyable reads of the year. A collection of stories so memorable that reading them evokes a feeling of “what a loss if these weren’t captured in book form for all of posterity.” In its pages you will meet many of the great characters that have driven the industry over the last 70 years as seen through the lens of the Prospect Club — a legendary investment club made up of industry insiders. And while you may think this is a book about insiders using their industry smarts to bring in massive stock market returns, it is not. One of the humorous aspects of the book is the consistent disappointment of members about the club’s investment performance. So, while no one made the big dough they thought they would when they were invited in, they discovered that the real returns were in the form of comradery and great stories. Thanks to Kerry Knoll and Nick Tintor, the best of those great stories are captured here. As you read through them you come to realize that this was put together from a genuine desire to share a “front row” perspective on some of the key moments in the mining industry and to do so in a refreshingly undiluted fashion. The frankness of the book may startle some, but therein lies its power. So many of these critical inside stories behind the legendary mines and characters in this industry would be robbed of their vigor if they were presented in any other form than the “straight-up” style that the contributors provide. That the stories are preserved by those that were there, and in their authentic voices, gives this book a value that is hard to measure. — Anthony Vaccaro, Group Publisher, The Northern Miner Group, Managing Director, Glacier Resource Innovation Group.

EXCERPT:

MINING’S BARITONE

BY KERRY KNOLL

he first time I met Bill James was when he worked for me as a bartender. It was the annual picnic for a group called Women’s Association of Mining In Canada. Today you would expect that title to apply to an organization of women engineers and geologists who worked in mining, but back then it was a group of mainly housewives of mining men. At the various mining conventions, these women organized talks on subjects like the pros and cons of plastic surgery, fashion trends and the latest diets. The picnic was their large annual fundraising event that, oddly, was managed almost entirely by their husbands. As a rookie reporter for The Northern Miner, mining promoter Leon La Prairie somehow saw big things for me in the mining industry, even if I didn’t see them myself. He talked me into running the bar for the event, and furthermore suggested that I write a letter to the presidents of all the big mining companies and ask them to do an hour shift as bartenders. For me, Leon explained, it will give me a chance to socialize with and get to know these guys. Who knew what that may lead to in my career, he added. I followed up and got a great response, with the first “yes” coming from Bill. When the big day came, it turned out to be one of the hottest September days on record, in the mid-30s and humid as hell. To top it off, the picnic had a record crowd. And miners are a thirsty lot. I bought the same amount of booze as they had in the previous year, but the heat made the beer from the kegs flow like foam and we couldn’t keep the bottled beer cold. Leon kept doing beer runs in his station wagon, but we still couldn’t keep up and there was a mob around the beer tent all afternoon. The other bartenders hightailed it out of there the minute their hour was over. But not Bill. He rolled up his sleeves and worked the whole four hours. At one point he got the bright idea of gathering a couple of the garbage cans, spraying them out with a garden hose, and filling them with beer foam and waiting for it to settle. It worked. As he dipped the cups into the garbage cans and handed the beer across the table, he’d say with his infectious grin, “don’t worry, I certify it’s sanitary.” It was around that time that Bill

had become the new CEO of Falconbridge, a once-successful company that had become bloated and in dire need of a fixing. Bill had earned a PhD in geology at McGill and eventually joined his father’s company, which were engineering consultants to the mining industry. He eventually joined Noranda under that company’s iconic leader, Alf Powis, where he quickly rose to the head of the mining portfolio. He left that job for Falconbridge, and when he took the reins that company was bleeding $2 million a week, which was a boatload of money in 1982. I went to interview him about the changes he made at Falconbridge, and he gave me an office tour. “It’ll be short,” he said in his always booming voice. “We had three floors and now we have half a floor. We had 23 vice-presidents, of God knows what, now we have six.” He took me to the kitchen and showed me the schedule for making the daily coffee in this giant pot, which previously had been the job of secretaries. Now, he and the other vice-presidents were all on the list. Bill got rid of the special washrooms for the executives, the two private

Kerry Knoll in 1993 at the Golden Bear mine in British Columbia. PHOTO COURTESY OF KERRY KNOLL

jets, the fleet of Jaguars. He faced down the union and laid off 40% of the staff in Sudbury, where Fal-

conbridge’s main operations were. Within 18 months he had the company back in the black with its first quarterly profit in ages. A few years later, he bested his former boss at Noranda by purchasing the Kidd Creek mine and smelter for $1.3 billion. He was known for going to drink beer with the union guys in Sudbury. Anyone who knew Bill could well visualize his run-in with Robert Mugabe in Zimbabwe, not long after the strong man took power from the white Rhodesians in the early 1980s. Rebels opposing Mugabe were attacking Falconbridge’s Blanket gold mine. The miners had no weapons and were running out of food. Bill flew 24-hours straight to Harare and went straight into the dictator’s office. As detailed in The Globe and Mail, Bill’s demands, delivered in his signature loud, gravelly baritone, were simple. He wanted food for his employees and assault rifles for protection. The next morning five truckloads of maize showed up at the

mine, along with a dozen AK-47s. One of the most frightening occurrences in the mining business is an underground rock fall. In 1984, when a rock burst trapped four miners underground in a mine near Falconbridge, Ont., he raced to the scene. Against the advice of safety personnel, he went underground himself and through a small opening held the hand of a lone survivor, 22-year-old apprentice mine mechanic Wayne St. Michel, who was trapped under a giant rock. For more than a day, Bill stayed with the man. “It’s going great, Wayne, it’s going great,” he told him over and over. “We’re coming for you.” After 27 hours, St. Michel was freed, but, cruelly, he died shortly after in the hospital. “The only time when I was a kid that I ever saw him cry,” said son John James of his father. I remember covering one of Falconbridge’s annual meetings, which were normally very staid affairs. There was the dour-looking board of directors in their stuffed suits. I heard Bill had to be talked into putSee BOOKS / 7

Hudbay Minerals would like to congratulate David Clarry, Vice President of Corporate Social Responsibility, on his election as chair of Mining Association of Canada (MAC). This a remarkable achievement in an exceptional career and an honour that is well-deserved. As a CSR leader, David is a driving force for positive change who will help guide our industry to ever-higher standards during a crucial time for Canada’s mining sector.

WWW.NORTHERNMINER.COM

JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

AngloGold names ex-BHP executive Calderón as new CEO C-SUITE NEWS

BY CECILIA JAMASMIE

ngloGold Ashanti (NYSE: AU) has appointed former BHP executive Alberto Calderón as its new CEO, ending almost a year without a top boss, after Kelvin Dushnisky’s sudden departure last July. Calderón, a 61-year-old Colombian with more than two decades of executive experience in the mining sector, will be starting his new role on Sept. 1, the company said. A junior minister in a government that fought drug lord Pablo Escobar and his Medellín Cartel, Calderón was chief executive of Orica Ltd., an Australian explosives maker, until February this year. The Ivy League economist, who was one of the top candidates for the top job at BHP (NYSE: BHP; LSE: BHP; ASX: BHP) before the position went to Andrew Mackenzie, once also ran Cerrejón Coal

| Appointment fills almost year-long void at the top

Co., recently acquired by Glencore. His experience and contacts in the home country will come in handy as AngloGold is moving forward with key expansions in Colombia, including its Gramalote joint venture with B2Gold (TSX:BTO; NYSE:BTG). The asset is at the centre of a mining rights dispute with Canada’s Zonte Metals that remains active. Calderón said one of his priorities will be to improve the credibility of AngloGold Ashanti with investors, noting that the No. 3 gold producer is trading far lower than bigger rivals Newmont (TSX: NGT; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: GOLD). AngloGold Ashanti has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Obuasi mine in Ghana weighing on the stock. Investors reacted positively to the appointment of Calderón. In New York, the company’s shares climbed

AngloGold Ashanti’s new CEO Alberto Calderón. ORICA

as much as 6.7% pre-market and closed almost 6% higher in Johannesburg, the most in seven weeks. The new CEO will have to take on the company’s battle to repatriate more than US$461 million of its profit from the Democratic Repub-

lic of Congo, and resolve challenges with value added tax with the government in Tanzania. He may also have to decide whether AngloGold should move its primary listing from Johannesburg — a topic discussed for years.

BMO metals and mining analyst Raj Ray, said Calderón comes at a time considered as transitional years for most of AngloGold’s operations, as the company focuses on ore reserves development. “[He] is based out of Melbourne, Australia, so it will be interesting to see how he goes about building familiarity and understanding of the various operations quickly given the travel restrictions still in place,” Ray said in a note to investors. Christine Ramon will remain as interim CEO as Calderón assumes the position, and she will return to her role as the company’s CFO. During her year in the top job, Ramon laid out a plan to expand output at key operations in Tanzania, Ghana and Guinea. She also talked about investing more than US$2 billion in two new mines in Colombia — Quebradona (copper-gold) and Gramalote (gold) — from 2022. TNM

Vizsla Silver picks up the pace at Panuco PRECIOUS METALS

BY ALISHA HIYATE

uccess didn’t come immediately for Vizsla Silver (TSXV: VZLA; US-OTC: VIZSF) when it began its first drill program at its Panuco silver-gold project, in Mexico’s Sinaloa state, in early 2020. The junior had just signed a US$43 million option agreement for Panuco in September 2019, after listing on the TSX Venture Exchange the year before. “We hadn’t really hit what we were looking for,” said Vizsla president and CEO Michael Konnert in an interview with the Canadian Mining Journal. “We were able to find high grade and drill some good ore shoots, but it wasn’t really that home run yet.” Then came the pandemic, which forced a two-month shutdown of exploration at the 94-sq.-km project. During that time, the company’s geologists went back to their desks and spent time reviewing their work. That break away from the project paid off when they were able to return to drilling in May, with a focus on the Napoleon vein system and Cordon del Oro vein corridor at Panuco. “On our second hole back, we made our first discovery at Napoleon and then on our seventh hole we drilled one of the highest-grade silver intercepts in recent history in Mexico,” Konnert says. That second hole, reported in June 2020, cut 8.2 metres of 1,544 grams per tonne silver-equivalent (738.9 grams silver per tonne and 11.06 grams gold per tonne) from 108.6 metres downhole. The interval included a 2-metre section of 3,348 grams per tonne silver-equivalent (453.8 grams silver per tonne and 9.2 grams gold per tonne). The ultra-high-grade hole followed in July 2020, with hole NP-20-07 returning 6 metres of 8,078 grams silver equivalent (1,808.2 grams silver per tonne, 66.8 grams gold per tonne, 2.99% lead and 3.3% zinc) from 69 metres. Vizsla now has more than 68,000 metres of drilling under its belt (28,500 metres last year and 40,000 metres for the first half of 2021), as well as $89 million in its treasury. It also counts Eric Sprott as a major

| Company is conducting one of the biggest exploration programs in Mexico

“WE MADE OUR FIRST DISCOVERY AT NAPOLEON AND THEN ON OUR SEVENTH HOLE WE DRILLED ONE OF THE HIGHESTGRADE SILVER INTERCEPTS IN RECENT HISTORY IN MEXICO.” MICHAEL KONNERT CEO, VIZSLA SILVER

shareholder, with a 12% interest in the company. The junior is conducting one of the biggest exploration programs in Mexico, with 35 geologists and eight drill rigs onsite at Panuco. Last month, it announced it was adding two more rigs for a total of ten. The bulk of the drilling this year is dedicated to resource drilling in the western portion of the property, with five rigs at the Napoleon and Tajitos veins. But despite the torrid pace of drilling, the company isn’t in a rush to compile an initial resource at Panuco. “The next step for us is to find the natural edges of mineralization at Napoleon,” Konnert says. “We could put out a resource for Napoleon and Tajitos, but it’s not the right move until we find the natural edges of the mineralization and include all of that in a resource.” That could happen next year, but Konnert says there’s no set timeline. So far, Napoleon has a strike length of 3 km, and has been drilled 950 metres along strike and 350 metres at depth. The vein width averages 4 metres true width, but varies up to 15.3 metres. Mineralization plunges shallowly to the south, where it widens and returns higher grades, and is open at depth. The three most recent holes drilled at Napoleon, to the south of previous drilling, had an average true width of 7.4 metres with an average weighted grade of 673 grams per tonne silver-equivalent. Tajitos, which was historically mined, extends for 575 metres of

A drill crew at Vizsla Silver’s Panuco silver-gold project in Sinaloa, Mexico.

strike and 250 metres depth, and is open to the northeast, southwest, and at depth. The average vein width of mineralization (encountered in 32 drill holes) is 3 metres with a weighted average grade of 505 grams per tonne silver equivalent (329 grams silver per tonne and 2.1 grams gold per tonne). Vizsla is also conducting exploration drilling on targets (assays are pending for five new targets across four vein corridors) generated by its mapping and prospecting team, and conducting geophysical surveys to identify prospective areas.

VIZSLA SILVER

Vizsla’s 2019 option agreement to acquire Panuco, located 45 minutes away from Mazatlan, consolidated a land package that previously was split between two different operators. Over a term of seven years, the earn-in agreement will see the company pay US$43 million for the land package. “The big reason we were able to do it is because silver prices were quite low, US$14 or US$15 an ounce,” Konnert says. “At those prices, the Mexican companies weren’t making much money.” The property includes a permitted

500 tonne-per-day mill (likely to be expanded), tailings facilities, underground mines, roads, powerlines and permits. The company has the option to accelerate the earn in period. After an initial resource is established, Vizsla will move onto economic studies. “The exciting part is that we don’t have to spend two or three years permitting a mill, we don’t have to spend much time permitting a tailings facility, we don’t have to build power lines or roads — all that is there on the property, permitted and operational.” The epithermal silver-gold project is located in the prolific Sierra Madre Occidental belt. Vizsla describes the geology and mineralization style at Panuco as near identical to First Majestic Silver’s (TSX: FR; NYSE: AG) San Dimas mine (acquired from Primero Mining in 2018 for US$320 million), 80 km away in Durango. While both districts share a history of mining going back centuries, however, Panuco has not seen any modern, systematic exploration until Vizsla came along. “Sinaloa has been overlooked for exploration,” Konnert says. “I think that’s the only reason that this district was available to us. If it was over the border in Durango or one of the more established mining jurisdictions, I think it would already be in a Fresnillo or a Penoles.” While Mexico has lost some of its shine for Canadian miners in recent years because of cartel violence, as well as uncertainty stemming from a court case challenging Almaden Minerals’ (TSX: AMM) mining claims in Puebla state, Konnert says Vizsla’s experience with both the local government and communities has been positive. “We’re happy to be there — we’re thankful for the communities that host us,” he says of the Copala and Concordia areas of Sinaloa. In other news, Vizsla recently received shareholder approval for a spinout of its copper interests — the Blueberry copper project in central British Columbia’s Babine porphyry belt and an option to earn 60% in the Caruthers Pass copper project 200 km north of Smithers. The spinout is expected to be completed in July. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

Climate change impact of graphite production higher than previously reported GRAPHITE

| Report says impact could be as much as ten times higher

BY VALENTINA RUIZ LEOTAUD

he true climate change impact of producing battery-grade graphite can be as much as ten times higher than published values, depending on the energy and material inputs, a new report by environmental consultancy and software provider Minviro states. The report is described as a Life Cycle Assessment (LCA), whose goal is to show the quantifiable impact of producing critical metals and minerals. According to Minviro, most published LCA studies for graphite production do not sufficiently represent the sizable contribution of different electricity scenarios to the overall impact of operations. “Producing anode grade graphite for lithium-ion batteries (LIBs) is energy-intensive. Existing graphite supply chains often situate energydemanding process stages in regions with low-cost energy, such as Inner Mongolia where the grid is dominated by coal and therefore has a high climate change impact per kWh,” the report reads. In Minviro’s view, calculating the climate change impact of graphite production has become relevant as EV sales soar worldwide, as around 96% of all anodes in LIBs contain natural and/or synthetic graphite as their primary material, with each LIB requiring 10-15 times more graphite than lithium. “Around 75,000 tonnes of graphite is required to create 1 million EVs, meaning that 900,000 tonnes will be required to meet the 12 million EVs that will be produced by 2025,” the document states. But research has shown that natural graphite mining can cause dust emissions, and the purification of battery-grade anode products requires high quantities of

BOOKS From 5

ting on a tie. His head of investor relations dutifully handed out his carefully written speech to the press beforehand. Bill didn’t even look at it, he just talked, told stories in that voice of his, and generally put on the most entertaining annual meetings in Toronto. In fact, they got so popular the organizers had to rent larger and larger rooms every year. During question period, someone asked for more information about a discovery Falconbridge had mentioned in a press release a few months before. “Well,” said Bill. “I can’t say much about it.” He paused for effect, a born comedian. “But I can tell you this. Do you remember what Adam said the first time he saw Eve naked?” He paused again. The room was silent, apparently nobody recalled what Adam had said. “Well,” he continued, “Adam said, ‘honey, you’d better stand back, because I’ve got no idea how big this thing is going to get’.” The audience howled. The board of directors looked on in horror. Bill asked for the next question.

reagents such as sodium hydroxide and hydrofluoric acid, which may be harmful to both human health and the environment. Synthetic graphite production, on the other hand, is more energyintensive, which has led operators to seek the cheapest power sources that tend to be coal dominant, generating a higher overall carbon footprint. Knowing the theory, Minviro’s experts conducted new life cycle impact assessments on data from natural and synthetic graphite anode producers in high-impact coal-based grid mix regions from existing supply chains. The results were compared to representative academic natural and synthetic graphite values and the current best-fit data entry from a commercial LCA database for mixed natural/synthetic battery-grade graphite products. Minviro’s experts found that the calculated global warming potential (GWP) values for producing 1 kilogram of anode grade graphite in coal-based grid mixes, like Inner Mongolia, are ~800% and ~1,000% higher than the commercial database value for natural and synthetic routes, respectively. They also noticed that mining, particularly open-pit, contributes less CO2 impact per kilogram of batterygrade graphite product compared to subsequent production stages, with the purification process taking the lion’s share of the energy consumed and, thus, the environmental impacts associated with natural anode-grade graphite production. When it comes to synthetic graphite, most of the impact is the result of the vast energy consumption during graphitization and roasting processes, in addition to embodied impacts associated with calcined petroleum coke production which is the synthetic graphite feedstock.

In the late 1990s, when Bill was running Inmet Mining at the age of 70, John Zigarlick and I were trying to buy the big Izok Lake zinc project from them and put it together with our Back River gold project. Izok Lake was discovered by Texasgulf Sulphur in the 1950s and had resisted several attempts to turn it into a mine. It was only accessible by air, and in the summer the planes landed on the lake while in the winter, ski planes landed on the ice. It took its name from the habit of the exploration crews to spray paint a big IZ OK on the snow if the ice were suitable for landing. Izok was a rich zinc deposit not far from Back River, but it was stranded due to the difficulty of getting its concentrates to market. Somebody would need to build a road and some kind of port. Inmet’s feasibility study said it would cost $400 million to build. John wanted to extend his ice road up to Bathurst Inlet, giving himself another customer and making our Back River deposits more feasible. I remember Bill telling us about his summer trip in his 9-metre Zodiac boat, with not one but two

ISTOCK/3ALEXD

Yet, the CO2 impact of synthetics vary depending on the grid mix, whereas a larger proportion of natural impacts can come from reagent and fuel use. “This study clearly highlights that the values for GWP in the specified production routes for the existing graphite anode supply chain are much higher than previously published and assumed values from LCA databases and academic studies, underscoring the importance of accurate grid mix definition in final impact assessments,” the paper reads. “Both natural and synthetic graphite anode routes have huge energy considerations for different aspects of the production chain.

400-horsepower engines, exploring the coast of Labrador as if it was an afternoon paddle down a lazy river. He and John made vague plans to take the boat on a thousand mile ride up the MacKenzie River the next summer, but I don’t think it ever came to fruition. Bill was a delight to negotiate with, razor sharp as he picked up on every nuance, all the while writing everything down in his notebook, which looked like those scribblers a junior high student would be using. We secured an option to buy Izok for $40 million but were unable to raise the money as metal prices had slipped into one of their frequent canyons. A few years later, as metal prices began to spike, a company named Wolfden bought the project for $50 million in shares and sold itself to a Chinese conglomerate a year later for $263 million. Timing is everything. TNM — Tales from the Prospect Club is available in paperback and Kindle editions through the Amazon website. All profits from book sales will be donated to Mining Matters.

With all other inputs identical, the localized environmental impact of electricity generation can cause significant variation between individual operations as a result.” For Minviro, this state of affairs in which most of the global supply of graphite is produced in high-impact grid regions creates a challenging economic-environmental trade-off because even though battery-grade graphite producers benefit from operating in low-cost, fossil-fuel dominated areas, their product will inevitably generate the highest environmental impacts which may not be acceptable for LIBs or EV customers. Thus, the London-based consultancy presents the idea of switching

production to regions with dominant renewable energy sources to reduce GWP related to electricity use, particularly for synthetic graphite. “There are significant opportunities to reduce the environmental impact of anode production by utilizing low-carbon or renewable energy sources, exploring new production routes, minimizing waste products or identifying new material or reagent suppliers,” the report states. “Whilst companies strive for the cheapest production route, environmental standards especially relating to climate change will place value on low-impact materials and have tangible economic impacts in the coming years.” TNM

The Art and Humour of John Kilburn

THE PERFECT

GIFT $34.99 Cartoons from A hilarious, 262-page anthology of mining cartoons by The Northern Miner’s resident cartoonist John Kilburn. Unique in its scope and ambitions, this anthology gathers the best Northern Miner cartoons created over 25 years by John Kilburn, a Vancouver-based mining professional who has worked in Western Canada as a mining engineer, broker, journalist, equity analyst and investor. Kilburn stylishly captures the mining sector’s biggest events over the past quarter century as well as its perennial conundrums with a cast of characters that includes engineers, geologists, miners, promoters, executives and environmentalists. Joining the cast are coal mine canaries, camp dogs and llamas, plus a special appearance by Santa. With a foreword by Pierre Lassonde, co-founder and chairman of Franco-Nevada, an introduction by John Cumming, former editor-in-chief of The Northern Miner, and hundreds of boisterous JK mining cartoons like you’ve never seen them before. Specifications: 7.8” by 10”, 262 pages, B&W with a colour cover, ISBN 978-1-987932-00-3 C$34.99 plus shipping and applicable taxes. To order by phone, call toll-free: 1-888-502-3456 ext. 43702 For more information and to order online visit: www.northernminer.com/jk

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JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

Falco moves closer to Horne 5 development with Glencore agreement in principle QUEBEC

| Feasibility study foresees 15-year mine producing 220,300 oz. of gold annually

BY ALISHA HIYATE

alco Resources (TSXV: FPC) and Glencore (LSE: GLEN) have signed an agreement in principle that paves the way for Falco to develop its Horne 5 project in Quebec. The agreement in principle outlines the terms that will be in a finalized operating licence and agreement (OLIA) expected in the third quarter. These include the establishment of a joint technical and strategic committee to collaborate on development of Horne 5; rights of access, use and transformation rights in favour of Falco; and financial assurances and indemnification to cover risks to Glencore’s Horne smelting operations, located within 1 km of Horne 5. Glencore will also have the right to appoint one representative to Falco’s board. Located in the Rouyn-Noranda area, Horne 5 lies at a depth of between 600 and 2,300 metres, below the past-producing Horne mine. In order to access the goldsilver-copper-zinc deposit, Falco needs to rehabilitate an existing shaft, owned by Glencore. Glencore owns the mining concession at the property, while Falco holds mineral rights below 200 metres and surface rights around the shaft. “The agreement with Glencore is a major step for Falco,” said Haywood Securities’ mining analyst Pierre Vaillancourt in a research note. “Assuming the Principal Operating License and Indemnity Agreement are finalized in (the third quarter), and progress is made with permitting and early works, Falco will be in position to start the dewatering process for Horne 5 by the summer of 2022.” The two companies previously

MCEWEN MINING From 1

“So, we said okay, copper is hot, and we’re not getting value in McEwen Mining for the project. I think it was largely because the operations of our gold mines were not performing very well for the last two years. And that overshadowed our exploration success on our other properties and the value of Los Azules,” he says. McEwen Mining has about half a billion shares outstanding, at about US$2.00 each. Suppose one looks at the NPV for Los Azules post a production decision (eight to ten years into the future). In that case, hypothetically, the NPV becomes US$5 billion, translating to $10.00 a share, according to McEwen. The Los Azules copper resource contains 10.2 billion pounds copper in the indicated category, in 962 million tonnes grading 0.48% copper, and 19.3 billion pounds inferred in 2.67 billion tonnes grading 0.33%. It also hosts substantial gold and silver by-product. The preliminary economic assessment pegged pre-production development costs at US$2.6 billion. According to the PEA, Los Azules will have a 36-year mine life, with the first 13 years scheduled to produce 115 million lb. per annum at the cost of US$1.14 per lb. “Since I’ve always been in the gold industry, I look at it, and I’ll say, well, let’s convert this to a gold equivalent. What does that look like? I mean, that’s better than a 70-million-oz. gold deposit, producing just under about a million ounces of gold a year, at the cost of under US$500 per oz.,”

Above: A rendering of Falco Resources’ planned Horne 5 gold mine in RouynNoranda, Quebec. FALCO RESOURCES Left: Drillers at Falco Resources’ Horne 5 gold project in Quebec. FALCO RESOURCES

signed a life-of-mine offtake agreement for copper and zinc concentrates last October, and began a $7.5 million work program in November to mitigate potential risks to Glencore’s operations from Horne 5. The program, financed largely through a convertible debenture financing provided by Glencore, includes geo-

technical and water management work as well as an investigation of synergies between the project and the Horne Smelter. In other news, Falco announced on June 30 that it has signed an option agreement with First Quantum Minerals (TSX: FM) to acquire 100% of two sites near Rouyn-Noranda (Nor-

bec and Millenbach), which can be used as Falco’s tailings management facility. The properties are located at a former tailings facility (the old Norbec mine), “which has already been impacted by historical mining activities,” Falco says, and sits about 11 km from Horne 5. Falco released an updated feasibility study for Horne 5 in April, outlining a US$844.2-million, 15-year mine producing 220,300 oz. of gold annually.

“WITH COPPER RUNNING UP OVER US$4.00 PER LB, LOS AZULES STARTS TO TAKE ON A NEW LIFE.”

ing it big, given the two projects in its stable. Still, it’s fair to consider the company a single asset concern for all purposes, given the large size and development-stage differences between the two assets. McEwen says there is a strong analogue between how he initially built Goldcorp, based on a single asset, and the prospects ahead of McEwen Copper. “This is a rare creature. I happen to believe we’re at an early stage of a copper bull market, looking at the continuing growth of Southeast Asia with the electrification of transportation and renewable energies. And the deficit that’s looming in the copper production supply chain. “We are now better positioned to add value to Los Azules once more, move it further up the value curve by de-risking it. I got the ball rolling by putting up US$40 million in the hopes of attracting another US$40 million to move the project forward to a pre-feasibility study in the next three years. That’s how we will unlock the most value for owners,” says McEwen. The first step for McEwen Copper in the value creation process is to prepare a pre-feasibility study, followed by a bankable feasibility study. “Probably by the time we reach that, we will have had discussions with a senior producer and say: ‘You have the expertise, you have funding and a desire to run a large copper project. We’d be happy to cut a deal with you and continue with an interest in the property and go forward from there’.” Upon creating the copper-focused subsidiary, a private placement has

been arranged for up to eight million common shares of McEwen Copper priced at $10.00 each. McEwen Copper currently has 17.5 million common shares outstanding. McEwen has committed to a lead order to purchase 50% of the offering. His investment corporation, Evanachan Ltd., would buy four million shares and is prepared to close on this portion of the offering immediately. Subscription for the remaining four million shares is available to qualified accredited investors, subject to a $2 million minimum investment and certain other conditions. Assuming completion of the total amount of the offering, McEwen Mining would become the controlling shareholder and own 68.6% of McEwen Copper. The new investors, including Rob McEwen, would own 31.4%. The offering proceeds will be used exclusively by McEwen Copper to advance the Los Azules project to a pre-feasibility study and a bankable feasibility after that. Proceeds will also be allocated for the construction of a new year-round access road to the project, exploration drilling at both Los Azules and Elder Creek, environmental permitting and community relations, as well as general corporate purposes. McEwen Mining has transformed over the past 12 months. A year ago, it was in a much different financial position than today. McEwen Mining was not delivering on its production guidance. It had a going concern qualification given by its auditors. Its revenue had dropped

ROB MCEWEN CHIEF OWNER AND CHAIRMAN, MCEWEN MINING

says McEwen. “At a copper price of US$4.20 per lb., at those production rates, you’re talking US$1.7 billion a year in revenue. And two-thirds of that is your gross profit margin,” says McEwen. “I’ll have just over US$200 million invested in this company. And I’m looking for what I believe is the best way to increase its value. And it’s not too dissimilar to what I looked at when I was building Goldcorp.” McEwen says management is acutely aware of the enormous amounts of dilution a self-development strategy would entail, despite there not being many large copper deposits in the hands of a junior company. “So, the market seems to prefer a pure copper play or a pure precious metal play, but not an amalgam in a small, precious metal company,” says McEwen. “I think McEwen Copper will compare very favourably to a lot of the public vehicles that are out there, and with single asset development stories.” McEwen says McEwen Copper essentially has two shots at mak-

The project contains measured and indicated resources totalling 105.6 million tonnes grading 1.44 grams gold per tonne, 14.32 grams silver per tonne, 0.17% copper and 0.79% zinc (2.25 grams gold-equivalent) per tonne, based on a $55 net smelter return cutoff. Inferred resources add 24.3 million tonnes grading 1.35 grams gold per tonne, 21.4 grams silver per tonne, 0.19% copper and 0.67% zinc (2.23 grams gold-equivalent per tonne). TNM

substantially because the company wasn’t making guidance. “So, we were getting close to breaching our debt covenants. We had debt coming due this August. Not that we had a lot of debt, but it forced us to go out and do a couple of I’ll call inopportune financings, or at least I didn’t like the price. “And so today, the debts have been extended by two years to August of 2023. There’s no going concern qualification on our financials. Today we’re nowhere near breaching or risking a breach of our debt covenants. Our treasury is growing because of the improved copper and silver prices. We’re exceeding guidance by a small margin. And we’ve come up with some feasibilities on some of our other properties that have advanced further. These are no longer overshadowing our exploration success,” says McEwen. McEwen suggested McEwen Mining was also looking at formalizing the silver-focused assets in its portfolio. “We have sort of a silver company within McEwen Mining. If you take the silver component out of our 49% Argentinian joint venture at the San José mine and include it with El Gallo, in Mexico, there are about 5.6 million silver-equivalent ounces, and the two phases of development for the Phoenix project (El Gallo’s redevelopment) you could get up to close to 10 million ounces of silver equivalent per annum. “So, we’ve been looking to execute a possible joint venture of that, just to rationalize some of our operations more,” says McEwen. TNM

SPECIAL FOCUS

TECHNOLOGY METALS ANNA BLIOKH /ISTOCK

Forecasts morph into reality as tech metals fundamentals heat up OUTLOOK

| Demand to increase as energy revolution accelerates

Demand for technology metals is set to take off as the energy revolution gathers pace. ADOBESTOCK

marked in U.S. President Joe Biden’s plan in the American Jobs and Infrahe world is at the start of an ex- structure plan, should it be passed, ponential upswing in demand and more than a trillion euro earfor the suite of technology marked in Europe’s Green Deal, the metals as a global top-down push incremental future demand for these for the energy revolution metals become material. accelerates, Ryan Castil“Should these investloux, managing director ments realize more manof Adamas Intelligence, ufacturing capacity, we’re tells The Northern Miner. looking at annual U.S. He says that despite the EV sales of about 10 milfigures coming off a lower lion vehicles by 2035. We base in 2020 due to the crunched some numbers coronavirus pandemic, recently, and that reality China and the European in the U.S. would increase Union saw exponential domestic consumption of demand growth for critiAdamas rare earth magnets by 15 cal minerals in the first five times versus last year. It Intelligence months of the year despite managing director would increase domestic the rolling shutdowns last Ryan Castilloux. consumption of graphite by year. ADAMAS INTELLIGENCE 55 times and all of the other “Coming into 2021, with materials somewhere in the change of administrabetween,” says Castilloux. tion in the U.S., we now see the U.S. Despite the robust demand growth, recommitting itself to the Paris Cli- Castilloux says the market is not yet mate Agreement and laying out its seeing the supply growth materialize aggressive targets for electrification of to meet this growing demand. vehicles in the decade or two ahead. “I think it’s broadly recognized That adds even further strength to that the supply side in the West is the narrative coming out of last year the better part of a decade behind in and gives us confidence that we’re beginning to develop and in moving now really at the beginning of strong, future production towards getting steady growth for both the bouquet shovels in the ground. I think it is of battery metals and materials but alarming to anybody that recognizes also other rare metals, including rare how fast demand is now growing and earth elements that stand to benefit just how slow supply is adjusting to from ongoing electric vehicle demand accommodate that,” says Castilloux. growth,” says Castilloux. According to Adamas data, on According to him, the move the electric vehicle (EV) registration from prior projections about future side, across all three types — battery demand growth has been so strong, electric vehicles, plug-in hybrid elecit’s in fact, overshooting those fore- tric vehicles and just simple hybrid casts. electric vehicles — total global sales “We’re seeing a lot of yesterday’s through the first five months are up projections coming to fruition, and more than 110% versus the prior year. in most or all cases, I would say, The number of gigawatt hours likely exceeding the projections, deployed into those vehicles has given the top-down push that we see increased by more than 150% yearin key markets like China, Europe over-year. and the U.S., where governments “So not only are we seeing many have gotten behind electrification. more EVs selling than in the year They are pushing it forward, rather prior, but we also see EVs with higher than simply allowing the market to average battery capacity, which in grow organically, which was prob- turn translates into greater conably more of an accurate reality five sumption of metals and materials years ago or so.” for EVs,” says Castilloux. With US$2.5 trillion being ear“On the material side, we see over

BY HENRY LAZENBY

a 150% increase year over year in lithium demand through the first five months of this year. And with nickel and cobalt, both are up 115% year over year. Seeing growth rates of nearly 200% is just amazing.” U.S. tech metals demand is set to accelerate through 2030. Castilloux guides for large deficits in lithium supply opening up before the end of this decade and extending to battery-grade nickel, cobalt, and some of the other materials like manganese, copper, and aluminium. “So that will ultimately stunt the strategies of Europe, China and America, which at present all seem to be moving towards the desired future in 2035, where their nations are only producing battery-electric and plug-in hybrid electric vehicles. That simply seems implausible at the rate of current resource development,” says Castilloux. Complicating new tech metal See OUTLOOK / 16

Canada’s first tech metals mine goes live REEs

| Production began at Nechalacho in late June

BY HENRY LAZENBY

ustralia’s Vital Metals (ASX: VML) has started rare earth elements production at its Nechalacho project in Canada’s Northwest Territories. In doing so, the company helped solidify Canada’s role globally as the West works feverishly to establish a new technology metals supply chain independent of China’s dominance. The critical production milestone makes Vital the first rare earth producer in Canada and the second in North America, besides California’s Mountain Pass mine. “Mining activities are over 30% complete with waste material removed from the pit to enable the first blast of ore on 28 June, and we are now stockpiling ore for the crusher,” Vital Metals’ managing director Geoff Atkins said in a July 5 news release. “We will continue to ramp up crushing and ore sorting with full production rates expected to be achieved in July. Beneficiated material will be stockpiled for transport to our extraction plant in Saskatoon,” Atkins said. On June 28, First Nations mining contractor Nahanni Construction Ltd. dug the first ore from the North T open pit at Vital’s Nechalacho project, which marked the momentous milestone. According to the company, Nechalacho, located 100 km southeast of Yellowknife, hosts a resource of 94.7 million tonnes grading 1.46% rare earth oxides (REO) across the measured, indicated and inferred categories. Nechalacho’s North T Zone hosts a high-grade resource of 101,000 tonnes at 9.01% REO, including 2.2% neodymium and praseodymium. Tests of the x-ray transmission ore sorting technology upgrade Nechalacho material from 10.5% REO to a rough concentrate averaging 36% REO while retaining about 70% of

“WE WILL CONTINUE TO RAMP UP CRUSHING AND ORE SORTING WITH FULL PRODUCTION RATES EXPECTED TO BE ACHIEVED IN JULY.” GEOFF ATKINS MANAGING DIRECTOR, VITAL METALS

the available rare earths. In June, Canadian Northern Economic Development Agency said it had extended a 0%, $1.26 million loan to Cheetah, Vital Metals’ Canadian subsidiary, to help fund the establishment of ore-sorting technology at Nechalacho. REEtec, a Norway-based company that has developed an efficient and environmentally sound REE separation technology, has entered into a contract to produce 1,000 tonnes of separated rare earth oxides annually, not counting the cerium, over the first five years. The plan is to ship the upgraded material to Vital’s rare earth carbonate production plant next to Saskatchewan Research Council’s REE processing facility in Saskatoon, Saskatchewan. A June report of the Standing Committee on Natural Resources presented before the House of Commons recently rang the alarm bell on how important it is for Canada to secure a supply of critical minerals, particularly in the face of China’s dominance. China owns about 80% of the global processing capacity for rare earths, as it has been investing for decades in acquiring strategic mineral assets across the world. According to data gathered by the committee, China is likely to hold about 67% of the global capacity to build lithiumion batteries by 2030. TNM

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JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

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Alpha Lithium produces lithium products from Tolillar salar in Argentina LITHIUM

Employees study drill core at the MCSA mining complex in Brazil. ERO COPPER

| Company believes project could become significant lithium source for EV batteries

BY CARL A. WILLIAMS

ancouver-based junior Alpha Lithium’s (TSXV: ALLI; US-OTC; ALLIF) wholly-owned Tolillar salar project in Argentina, about 170 km southeast of the city of Salta, has the potential to be a significant source of lithium products used in lithiumion batteries for electric vehicles, says Brad Nichol, Alpha Lithium’s president and CEO. The company recently produced lab-scale quantities of lithium hydroxide and lithium carbonate from brine taken from the Tolillar salar using an in-house direct lithium extraction (DLE) process to produce a lithium concentrate containing 9,474 milligrams of lithium per litre. While this was limited to benchscale production, “achieving a lithium concentration this high was a great result this early in the DLE development process, especially after only founding the company about 18 months ago,” Nichol said in an interview. To produce battery-grade lithium carbonate or lithium hydroxide from brine “requires a concentrate of at least 6,000 milligrams of lithium per litre; otherwise, it’s just not economically feasible.” Samples of the lithium hydroxide and lithium carbonate have been sent to SGS Canada Inc., an inspection, verification, testing, and certification company in Ontario, to determine their purity. The test will provide a better understanding of the chemistry of the lithium products generated from Tolillar’s brine. According to Nichol, this is a critical consideration for the next steps in producing battery-grade lithium products. “The combination of high lithium concentration and low impurity levels could significantly reduce capex requirements, decrease operating costs, and improve the quality of the end products,” he explained. A 2,000-litre brine concentrate also has been sent to Lilac Solutions Inc.’s laboratory in California,

Ero Copper hits 67 metres of 9.21% copper in extension of the Pilar mine COPPER | Brad Nichol, Alpha Lithium’s president and CEO at the Tolillar salar site.

where large-scale Stage 1 testing using Lilac’s patented lithium DLE technology will complement Alpha Lithium’s in-house testing. Nichol said that the company is eager to compare its results with those from Lilac’s ion exchange technology. The testing is part of the ongoing optimisation of the DLE process, which requires a clear understanding of brine chemistry. “The DLE process is bespoke and is unique to every operation and every salar [salt flat],” he said. “The test results will allow us to determine the most suitable lithium production process for brine mined from Tolillar salar.” Alpha Lithium picked up the project in March 2020 through its acquisition of a privately held lithium exploration and development company headquartered in Vancouver. Under the transaction, Alpha Lithium issued 15 million common shares and 3 million share purchase warrants on a 1:1 basis. The warrants were exercisable at 30¢ for a one-year period. “It’s a huge land package situated in a key lithium brine producing region,” said Nichol, explaining that the 27,477-hectare project lies within the heart of South America’s “lithium triangle,” an area cover-

ing parts of Argentina, Bolivia, and Chile, which holds more than half of the world’s lithium deposits. The project is 10 km northwest of Livent’s (NYSE: LTHM) Fenix salar, which has been in production for over 25 years and is the largest and longest producing salar in Argentina and the source of one of the world’s purest lithium brines. The acquisition of Tolillar “is a huge opportunity for Alpha and supports our long-term vision of advancing the company into a major lithium producer in the region,” said Nichol. The area benefits from an extensive network of roads, transportation systems, and power lines, including a natural gas pipeline, all of which Tolillar salar will benefit from, Nichol noted. The company has already taken steps towards bringing electricity to the site to power its DLE processing plant. Alpha Lithium is also expanding its land holdings in the area. In May, it acquired 3,800 hectares within the Hombre Muerto salar, which is adjacent to Tolillar and owned by Argentina Prime Holdings Inc. Last month, it acquired an additional 287 hectares, increasing its land position to 4,087 hectares. TNM

BY ALISHA HIYATE

ancouver-based Ero Copper (TSX: ERO, NYSE: ERO) has provided an exploration update on its ongoing drill programs for the MCSA mining complex and the NX Gold mine, both in Brazil, with a highlight hole of 67 metres of 9.21% copper at MCSA. The company’s primary asset is a 99.6% interest in the Brazilian copper mining company, MCSA, which owns the MCSA Mining Complex in Bahia state. Copper ore is mined at MCSA from the Pilar and Vermelhos underground mines. Deepening extension drilling within the Pilar mine has delineated a new open zone of “Superpod” mineralization extending over 350 metres in strike length at the deepest limits of the previously defined 2020 inferred mineral resource shell. Recent results represent some of the best holes drilled by the company in the Curaçá Valley to date. Hole FC5522 intersected 67 metres grading 9.21% copper including 21 metres at 14.14% copper (the best hole on a grade-metre basis drilled by the company) located 470 metres beneath the current development of the mine. Located on the same level,

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approximately 100 metres south of that intercept, hole FC5523 intersected 35.2 metres grading 5.51% copper including 9 metres at 8.6% copper. Mineralization remains open to depth and along strike. At the Vermelhos mine, new drilling continues to extend mineralization adjacent to mine infrastructure as well as to intersect new mineralized lenses up to 125 metres beneath the main orebodies. MCSA also owns 100% of the Boa Esperança development project, an IOCG-type copper project located in Pará, Brazil. In addition, Ero Copper owns 97.6% of the NX Gold mine, an operating gold and silver mine in Mato Grosso state. The company decided late last year to extend the life of the mine. New extensions to depth of the Santo Antonio Vein at NX Gold are highlighted by the best intercept in the history of the mine. Hole SA94A, located approximately 10 metres beyond the limit of the 2020 inferred mineral resource shell, intersected 9 metres grading 22.66 grams gold per tonne. ln addition, hole MAT20A, which intersected 2.8 metres grading 19.73 grams gold per tonne, represents the discovery of a new highgrade extension of the Matinha Vein; the new vein extension is located approximately 600 metres downplunge from the previously defined limit of the Matinha Vein. The current results include the regional discovery of two new mineralized gold systems, known as the Sovaco de Cobra and the Mata Verde systems, located approximately 1.2 km northeast and 25 km east-northeast of the NX Gold mine, respectively. There are currently 24 drill rigs working throughout the Curaçá Valley, including six drill rigs allocated to regional exploration. Nine drill rigs are operating at NX Gold and the company now has three drill rigs operating at the Boa Esperança project.” “All in all, the results from this spring drilling campaign have continued to point to the potential for mine life extension at both of the company’s producing assets,” Jackie Przybylowski, a mining analyst at BMO Capital Markets commented in a research note. She has an outperform rating on the company and a one-year price target of $31 per share. At press time Ero Copper was trading at $25.05 per share within a 52-week range of $15.98 and $29.76 per share. TNM

SPECIAL FOCUS TECHNOLOGY METALS

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

TECHNOLOGY METALS SNAPSHOT EIGHT JUNIORS WITH PROPERTIES TO WATCH BY NORTHERN MINER STAFF

With demand for electric vehicles, batteries, and greener energy storage options expected to rise in the years ahead, many juniors are on the hunt for so-called ‘technology metals,’ a broad category that includes cobalt, copper, nickel, platinum group elements, graphite, lithium, rare earth elements, and silver, among others. Here are eight companies working on properties in the tech and battery metals space. n ACME LITHIUM ACME Lithium (CSE: ACME; USOTC: ACLHF) has two lithium projects in Nevada’s Esmeralda County in the United States — the Clayton Valley and Fish Lake Valley projects. Both projects are within 322 km or a three and a half hour drive of Tesla’s Gigafactory. In May it signed an option agreement with GeoXplor Corp. to ac-

lithium. Initial mapping and sampling on the property in 2016 returned values of up to 600 parts per million lithium in mudstones, and sampling in 2018 returned values of up to 370 ppm lithium. This year the work program at Fish Lake Valley includes drilling to test the economic potential of the lithium claystone and identify new targets for further exploration, as well as mapping, sampling and geophysics. The company says it is also looking to acquire and develop additional projects. ACME Lithium has a market cap of $21 million.

A drill rig at Graphite One’s Graphite Creek project in western Alaska. GRAPHITE ONE

quire a 100% interest in 64 claims encompassing about 1,280 acres and consisting of the CC, CCP, JR and SX placer claims, together known as the Clayton Valley project, about 306 km from Las Vegas. Once ACME Lithium completes the earn-in, GeoXplor will re-

tain a 3% gross overriding royalty; ACME may buy back one half of the royalty during the three years following the start of commercial production for US$1.5 million. In June, the company added 58 new claims to the project, encompassing about 1,160 acres contigu-

The next major Lithium producer

ous to the CC, CCP and SX claims. The Clayton Valley property’s claims are located directly south of Albemarle’s (NYSE: ALB) Silver Peak lithium mine, the only lithium brine operation in production in North America. To the east, the project borders Pure Energy Minerals’ (TSXV: PE; US-OTC: PEMIF) Clayton Valley project, which it is developing with strategic investor Schlumberger Technology. Historic drilling and geophysical surveys show that ACME Lithium’s claims cover basin-fill sediments and aquifers similar to the sediments currently producing lithium brines in the area. The company is interpreting geophysical survey data and results, and is developing drill targets to test indicated and prospective aquifers. The Fish Lake Valley project consists of 81 claims (1,620 acres) and is about 40 km from the Clayton Valley project, and about 274 km from Las Vegas. The company notes that geophysics have found that the fine sediments at Fish Lake Valley are the same age as the occurrences at Clayton Valley and that some beds are enriched in

n FIRST COBALT First Cobalt’s (TSXV: FCC; USOTC: FTSSF) flagship asset is the only permitted refinery in Canada that is undergoing an expansion to produce cobalt and other battery materials. Permits and building infrastructure are all in place and the refinery could be operational as early as 2022. First production is scheduled for the fourth quarter of 2022, at which time the refinery will produce 25,000 tonnes of battery grade cobalt sulphate per year, or about 5% of the world’s total cobalt production. The company says it also intends to process black mass from recycled batteries. In March, First Cobalt signed a five-year offtake agreement with Stratton Metal Resources for the sale of future cobalt sulphate. That deal followed one in January with Glencore and China’s IXM, a subsidiary of China Molybdenum Company, under which the two companies will supply the refinery with 4,500 tonnes of cobalt a year over five years from their two mines in Africa — KCC and Tenke Fungurume. The refinery, located north of Toronto in Ontario, is about 600 km from Canada’s border with the United States, and is accessible by road and rail. It operated from 1996 to 2015, producing cobalt, nickel and silver. Last December, Canada’s federal government and the provincial government of Ontario jointly announced a $10 million investment towards the capital costs of the project.

See TECHNOLOGY METALS SNAPSHOT / 14

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JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

JOINT VENTURE ARTICLE

Lomiko Metals is preparing for the electric vehicle revolution

Mike Petrina (middle), Lomiko Metals’ director and project manager, inspecting core samples from the EV zone at La Loutre. LOMIKO METALS

BY NORTHERN MINER STAFF

Canadian junior Lomiko Metals (TSXV: LMR, US-OTC: LMRMF) is exploring for graphite and lithium — critical materials used in the lithiumion batteries driving electric vehicles (EVs) and in grid-level energy storage systems. Lomiko’s flagship asset is its highgrade La Loutre project in Quebec, about 120 km northwest of the port of Montreal. It is also earning a 70% stake in Critical Elements Lithium’s (TSXV: CRE; US-OTC: CRECF) Bourier lithium project in the province’s James Bay region. The company’s current focus is on its wholly-owned La Loutre project, which Paul Gill, Lomiko’s CEO, believes “could potentially provide the low-cost, high-quality natural graphite needed to produce spherical graphite used in the anodes of lithium-ion batteries.” Lomiko is working on a preliminary economic assessment for La Loutre, which Gill said will be released soon, and initial findings suggest that the project “could have attractive economics for potential investors.” “Our goal for the project is to provide a source of competitively priced graphite for customers in the North American and European markets,” he said. The project, near the port of Montreal, is close to major industrial centres on the east coast of the United States, and also has easy access to European markets —

Hubert Chicoine, Lomiko site coordinator (left), Gabriel Erdelyi (second from left), and Mike Petrina (back) with representatives from Ausenco. LOMIKO METALS

making it in Gill’s view the perfect spot to source critical minerals needed in the shift to clean energy. It also lies in the middle of several other graphite projects in a mineralised area called the Grenville Trend and therefore benefits from existing infrastructure, including access via highways and electricity generated from hydropower, as well as a skilled workforce. In addition, the Lac-des-Iles mine, the only graphite mine currently operating in North America, is about

53 km northwest of La Loutre. The mine is owned by Imerys Graphite & Carbon. Lac-des-Iles commenced operations in 1988 but is slated for closure in 2022. That mine “will need a replacement if there is going to be a domestic supply of graphite,” Gill said, adding that “currently, La Loutre is the best candidate.” Created in 2009, Lomiko initially focused on optioning lithium properties around the world. However, as it searched for good

projects, Quebec appeared to be one of the best jurisdictions in which to take a project from exploration to a producing mine, explained Gill. “It now looks a wise decision, and we feel that we have found that opportunity with La Loutre.” Previous owners initially explored La Loutre for base and precious metals. But graphite mineralisation at the property ranged from 1-17% graphite close to surface, including visible outcrops of graphite flakes, historic data showed.

The 2,509-hectare La Loutre project comprises two zones: the Electric Vehicle (EV) zone and the Graphene-Battery (GB) zone. The names, Gill noted, reflect the potential applications for the graphite from each zone. A recent grab sampling and mapping program confirmed a graphite-bearing structure approximately seven km by one km in area. Samples returned multiple parallel zones of mineralisation 30-50 metres wide in the EV zone with grades of up to 20% graphite, and 20-50 metres wide on the GB zone grading up to 18% graphite. In 2019, a 21-hole (2,985 metre) drill program completed on the EV zone returned multiple intervals of near-surface mineralisation. Highlights included drillholes LL-1905, which intersected 116.9 metres grading 4.8% graphite starting from 51 metres down hole, including 15.2 metres of 18.04% flake graphite. Hole LL-19-17 cut 47.3 metres of 7.56% graphite from 15 metres, including 11.3 metres of 17.45% graphite. “These high-grade graphite intervals are common on the EV zone,” noted Gill. “The graphite flakes on La Loutre are also larger and have lower sulphur content than those observed from the other graphite projects in the region, which increases the value of the graphite from the project.” In April, metallurgical testing on composite samples returned a 93.5% recovery rate for graphitic carbon.

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“Our goal for the project is to provide a source of competitively priced graphite for customers in the North American and European markets.” PAUL GILL, CEO, LOMIKO

The program culminated in a locked cycle test that yielded a combined graphite concentrate grading over 97% graphite. These initial test results “were very encouraging and suggested that the graphite produced at La Loutre may be suitable for high-end industrial use,” said Gill. Lomiko’s other asset in Quebec, Bourier, is about 450 km northeast of the town of Val-d’Or and lies within a region that Gill refers to as the “lithium triangle north.” The project, he said, could potentially provide a new source of lithium. Under its earn-in agreement signed in April the company has the right to earn an initial 49% interest in Bourier by paying $50,000 in cash, issuing five million common shares of Lomiko to Critical Elements Lithium, and spending $1.3 million on exploration by December 31, 2022. Once completed, Lomiko will then have the option to increase its interest in Bourier from 49% to 70% by paying an additional $250,000 in cash, issuing a further 2.5 million common shares, and spending $2 million on exploration. It must also deliver a resource estimate on the project by the end of December 2023. Critical Elements Lithium will retain a 2% net smelter return (NSR) royalty on Bourier, of which Lomiko can purchase 1% for $2 million. Critical Elements Lithium will remain as project operator while Lomiko is completing its earn-in. “Bourier also hosts a volcanic massive sulphide system over fifteen miles [24 km] long,” said Gill. “Under the option agreement with Critical Elements, we can also explore for other battery mineral discoveries, including nickel, copper, and zinc, which ideally positions us to provide

the materials for decarbonising global economies.” Lomiko’s two projects should benefit from the support of the government of Quebec, which is keen to develop the province’s graphite resources and is supportive of the region’s extractive industries, Gill said. Last year the province unveiled the Quebec Plan for the Development of Critical and Strategic Minerals 2020-25. Among other things, the plan is designed to support the exploration and mining of battery materials such as graphite, lithium, nickel, and cobalt by sharing the financial risk of exploration and helping mining companies manage their relationships with local communities and First Nations. The federal government is also helping to support the development of a supply chain for EV battery materials in Quebec, Gill said. In March, Ottawa and the government of Quebec pledged to invest $100 million ($50 million each) in Lion Electric, which is building a lithium-ion battery factory in Quebec. The plant is expected to produce lithium-ion battery packs for 14,000 medium-sized and heavy-duty vehicles per year. Scheduled to begin operations in 2023, the facility will likely be a significant source of demand for La Loutre’s graphite, Gill noted. He also expects La Loutre to benefit from U.S. President Joe Biden’s decision to invest US$400 billion over the next ten years as part of a broad mobilization of public investment in clean energy and innovation. Those funds will be used to accelerate the deployment of clean energy technology throughout the U.S., including the deployment of more than 500,000 new public

Above: Graphene-Battery zone looking north along access road with Lac Belanger in the background. LOMIKO METALS Left: South end of Lac Belanger looking north with the ridge hosting the EV zone in the background. LOMIKO METALS Below: A sample of +50 mesh carbon flake graphite from Lomiko Metals’ La Loutre project. LOMIKO METALS

charging outlets for EVs by the end of the decade. In addition, recent agreements between Canada and the U.S. have identified graphite as a critical element and recognised the need to develop a North American supply chain for the material. In January last year, the two countries signed the Joint Action Plan on Critical Minerals Collaboration. The plan aims to secure supply chains for critical minerals, including graphite and lithium, needed for essential manufacturing industries, including communication, aerospace, defence, and clean energy technology. “It will be essential to develop a source of inexpensive, high quality

graphite for the North American market as quickly as possible,” said Gill, who is also CEO of Lomiko Technologies, a wholly owned subsidiary of Lomiko Metals. He has also funded the launch of G6 Materials (TSXV: GGG; US-OTC: LMRMF), a graphene and 3D printing company. Demand for high-quality graphite is forecast to increase 15-fold over the next decade, rising from the current 200,000 tonnes to three million tonnes annually by 2030, according to forecasts by Benchmark Mineral Intelligence. The market analyst said it expects the lithium-ion battery segment to be the fastest-growing application for natural graphite and is expected to

be the largest end-user of graphite by 2024. However, graphite supply is likely to remain tight over this period, says UK-based analytics firm GlobalData. In 2020, total global graphite output was 952,600 tonnes, a 15% decline from the previous year, it said. “This market imbalance will keep upward pressure on graphite prices, making La Loutre an increasingly attractive prospect for investors,” noted Gill. The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by LOMIKO METALS and produced in cooperation with The Northern Miner. Visit www.lomiko.com for more information.

JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

TECHNOLOGY METALS SNAPSHOT From 11

In the U.S, the company is advancing its Iron Creek cobalt-copper project in Idaho, one of the few primary cobalt deposits in the world. An updated resource estimate in November 2019 outlined indicated resources of 2.2 million tonnes grading 0.26% cobalt and 0.61% copper (0.32% cobalt-equivalent) for 12.3 million lb. contained cobalt and 29 million lb. of contained copper. Inferred resources add 2.7 million tonnes grading 0.22% cobalt and 0.68% copper (0.28% cobalt-equivalent) for 12.7 million lb. cobalt and 40 million lb. copper. The company kicked off a $2.5 million (4,500-metre) exploration program in June with the objective of doubling its resource over the next two drill seasons. The deposit remains open to the east and west along strike as well as downdip. Historic underground development at Iron Creek included 600 metres of drifting from three adits. On May 11, First Cobalt acquired claims to the west of Iron Creek, along strike with mineralization, boosting its land package by more than 100% to more than 1,600 hectares. That transaction was followed on May 25 with an earn-in agreement with Phoenix Copper for 224 hectares of property, expanding its land position at Iron Creek to over 1,820 hectares. At the end of April, First Cobalt and the Colorado School of Mines were awarded funding from the US Department of Energy’s Critical Materials Institute (CMI) for research on mineral processing techniques. The funding consists of US$600,000 over a two-year period. First Cobalt has a market cap of $151 million. n GRAPHITE ONE Graphite One (TSXV: GPH; USOTC: GPHOF) is working on its Graphite One project, which is expected to produce coated spherical graphite (CSG) for the lithium-ion batteries used in electric vehicles. The graphite would be mined from its Graphite Creek project, a large flake graphite deposit on the Seward Peninsula, about 55 km north of Nome, Alaska. The material would be processed at a processing plant on the Graphite Creek property. Coated spherical graphite would then be manufactured from the concentrate at a separate graphite manufacturing facility. A preliminary economic assessment (PEA) completed in 2017 outlined a mine life of 40 years producing 60,000 tonnes per year of graphite concentrate at 95% total carbon in graphite form (Cg) once in full production. The manufacturing plant would then convert 60,000 tonnes per year of concentrate into 41,850 tonnes per year of coated spherical graphite (CSG) and 13,500 tonnes per year of purified graphite powders. At a sales price of US$6,200 per

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An outcrop at Acme Lithium’s Fish Valley lithium project in Nevada.

tonne for spherical coated graphite and US$1,500 per tonne for purified graphite powders, the PEA estimated the mine would generate an after-tax net present value at a 10% discount rate of US$616 million and an internal rate of return of 22%. Capital costs of US$363 million could be paid back in the fourth year of production. In June the company said it plans to complete a preliminary feasibility study in the fourth quarter of the year. Graphite Creek has measured and indicated resources of 10.95 million tonnes grading 7.8% Cg (total carbon in graphite form) for 850,534 tonnes of contained graphite, and inferred resources of 91.9 million tonnes grading 8% total carbon in graphite form for 7.3 million tonnes of contained graphite. The deposit is characterized by coarse, crystalline (large flake) graphite within graphite bearing schist and the mineralization is exposed at surface along the Kigluaik Mountain Range front. The host schist is continuous over a strike length of 18 km, based on mapping, sampling and airborne geophysics. In January the U.S. government’s Federal Permitting Improvement Steering Committee (FPISC) designated the Graphite Creek project as a high-priority infrastructure project (HPIP). Graphite One has a market cap of $71.4 million. n GRID METALS Grid Metals (TSXV: GRDM; USOTC: MSMGF) is focused on palladium, nickel and copper exploration in Canada. In Ontario, it is advancing its 100%-owned East Bull Lake (EBL) palladium project, about 80 km west of Sudbury. It has owned the project for more than two decades and amassed a large exploration database, including the results of geophysical surveys and results from 5,000 samples. EBL consists of a 22-km long by 4 km layered intrusion that includes near-surface palladium mineralization along its southern and northern margins. The prospective structures at EBL cover a strike length of 30 km with potential for vertical feeder structures with higher grade palladium-rich sulphide mineralization. In May, the company reported drillhole EBL 21-09 intersected three zones of palladium-rich sulphide mineralization including a footwall copper sulphide vein grading 37.6 grams per tonne palladium, 6.68 grams per tonne plat-

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A road cut along Patriot Battery Metals’ Freeman Creek property.

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Core racks at Nouveau Monde Graphite’s Matawinie project in Quebec. NOUVEAU MONDE GRAPHITE.

inum, 1.46 grams gold per tonne, 21.3% copper and 0.60% nickel (68 grams palladium-equivalent) over 0.54 metres within a 2-metre-interval averaging 10.7 grams per tonne palladium and 5.87% copper. Other drill results from EBL released this year included 54 metres averaging 1.05 grams per tonne palladium-equivalent, including 3 metres of 3.04 grams per tonne palladium-equivalent in hole EBL2101, and 40.3 metres averaging 1.15 grams per tonne palladium equivalent in hole EBL21-03, including 2.30 metres of 3.23 grams palladium-equivalent. Elsewhere in Ontario, the company owns the Bannockburn nickel project, about 100 km south of Timmins. Grid Metals commissioned a technical report on the property last year to summarize historical data, which included

geophysics and more than 84 drill holes. The report concluded that the project has the potential for developing both low-grade, large tonnage, and high-grade, low tonnage cobalt, platinum, palladium and iron resources. Drill results from Bannockburn released at the end of June included 296.5 metres averaging 0.28% nickel, including 112 metres of 0.32% nickel in hole GBN21-02. In Manitoba, Grid Metals is working on its Makwa-Mayville nickel-copper-palladium project, about 145 km from Winnipeg. The property consists of the nickeldominant Makwa holding and the copper-dominant Mayville holding, and the two sit about 40 km apart. A 2014 preliminary economic assessment envisioned two openpit mines, and proposed an 8,300

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Heather White, advisor for Nickel Creek Platinum, pictured here with one of the drills during the 2020 exploration season. NICKEL CREEK PLATINUM

tonne-per-day, 14-year operation. The study estimated initial capex of $208 million, with a post-tax net present value at a 7.5% discount rate of $97 million. The project is envisioned as a blast and haul open-pit operation, with mineralized material hauled to a mill at the Mayville site. A flotation circuit would produce separate copper and nickel concentrates. The combined indicated resource for both properties stands at 33.8 million tonnes grading 0.27% nickel, 0.37% copper, 0.06 gram platinum per tonne, and 0.19 gram palladium per tonne. Inferred resources add 5.9 million tonnes grading 0.19% nickel, 0.43% copper, 0.06 gram platinum per tonne and 0.15 gram palladium per tonne. Grid Metals has a market cap of $19.3 million. n NEO LITHIUM Neo Lithium (TSXV: NLC; USOTC: NTTHF) is advancing its 100%-owned Tres Quebradas ( 3Q) lithium project, a lithium brine lake and salar complex in the southern end of Argentina’s “lithium triangle” in Catamarca province, about 30 km from the border with Chile. According to the company, the high-grade core of 3Q makes it the third highest-grade project worldwide and fourth based on the average grade of the project. The company expects to complete a final feasibility study for 3Q in the third quarter of this year. A prefeasibility study released in March 2019 outlined a mine life of 35 years producing 20,000 tonnes of lithium carbonate a year at cash operating costs of US$2,914 per tonne LCE, one of the lowest in the industry. The study envisioned a conventional evaporation pond operation followed by purification and precipitation of lithium carbonate. The study estimated initial capex of US$319 million with a payback period of just under two years, an after-tax net present value at an 8%

See TECHNOLOGY METALS SNAPSHOT / 15

GLOBAL MINING NEWS

SPECIAL FOCUS TECHNOLOGY METALS

First Cobalt’s cobalt refinery in northern Ontario.

Geologist working at Grid Metal’s East Bull Lake palladium project, 80 km west of Sudbury. GRID METALS.

TECHNOLOGY METALS SNAPSHOT From 14

discount rate of US$1.14 billion and an after-tax internal rate of return of 50%. Life-of-mine deferred and sustaining capital costs are estimated at about US$207 million, and closure costs at about US$26 million, which the company says is at the low-end of the capital intensity range when compared with other development projects worldwide. In the initial ten years of the prefeasibility mine plan, five wells would each produce 51 l/s of highgrade brine. During the subsequent ten years, the same wells would produce 64 l/s. From 20 years onward, a total of 11 wells would be in operation, with individual production rates of between 23 l/s and 49 l/s. In June, the company updated its resource estimate with a 125% increase in the measured and indicated category to 1.68 million tonnes of lithium carbonate equivalent at an average grade of 926 milligrams per litre lithium. The revised estimate used a cut-off grade of 800 mg/l lithium. CATL, the world’s largest battery manufacturer for electric vehicles, has invested a total of $11 million to maintain its 8% stake in the company. CATL was founded in 2011 and is based in Ningde, China. In late June, Neo Lithium announced that it had produced 99.9% battery grade lithium carbonate at its pilot plant, and CATL considers this acceptable for battery production. The company’s president and CEO, Waldo Perez, discovered the project in December 2015. Neo Lithium has a market cap of $400 million. NICKEL CREEK PLATINUM Nickel Creek Platinum (TSX: NCP; US-OTC: NCPCF) is working on its 100%-owned Nickel Shäw property in the southwest Yukon, about 317 km northwest of Whitehorse. The project is accessible from the paved Alaska Highway, which leads to yearround deep sea ports in Haines and Skagway, Alaska. n

The nickel sulphide project has a mix of metals including copper, cobalt and platinum group metals, and lies within the Kluane First Nation core area. The project contains measured and indicated resources of 323.4 million tonnes grading 0.26% nickel, 0.16% copper, 0.015% cobalt, 0.25 gram platinum per tonne, 0.26 gram palladium per tonne and 0.05 gram gold per tonne for 850,000 tonnes of contained nickel, 500,000 tonnes of copper, 50,000 tonnes of cobalt, 2.6 million oz. platinum, 2.7 million oz. palladium and 500,000 oz. gold. Inferred resources add 108.1 million tonnes grading 0.29% nickel, 0.15% copper, 0.016% cobalt, 0.26 gram platinum, 0.28 gram palladium, 0.04 gram gold for 313,000 tonnes of nickel, 163,000 tonnes of copper, 17,000 tonnes of cobalt, 900,000 oz. of platinum, 1 million oz. of palladium, and 100,000 oz. of gold. In December 2020, the company announced the results of its 2020 ground-based EM geophysics and drill program. It reported that a large loop transient electromagnetic (TEM) survey tested the Arch and Burwash exploration target areas, which are along trend, about 2 km to the northwest and 5 km to the southeast, respectively, of the main Wellgreen deposit. The program identified 42 conductive anomalies, including 11 anomalies determined to be potentially massive nickel-copper sulphide. Earlier this year in April the company announced its 2021 exploration program will focus on drilling the 11 high priority targets identified in the Arch and Burwash areas. The company’s largest shareholder is Electrum Strategic Opportunities Fund L.P., which according to the company’s corporate

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presentation in March this year, owns 31% of the company’s shares. Nickel Creek Platinum has a market cap of $40.8 million. n NOUVEAU MONDE GRAPHITE Nouveau Monde Graphite (TSXV: NOU; NYSE: NMG) owns 100% of the Matawinie graphite project in Quebec, about 150 km north of Montreal. The company expects that Matawinie will become the world’s first all-electric openpit mine and forecasts commercial production will begin before the end of 2023. The mine will produce high-purity graphite concentrate for the electric vehicle and energy storage market. The project has measured and indicated resources of 120.3 million tonnes grading 4.26% carbon in graphite (Cg) for 5.13 million tonnes of contained graphite. Inferred resources add 4.5 million tonnes grading 4.43% carbon in graphite for 200,000 tonnes of contained graphite. The mineralization remains open to the north, south and at depth. In October 2018, the company published a feasibility study for Matawinie, which outlined an operation producing 100,000 tonnes graphite concentrate a year over a mine life of 25 years at an initial capital cost of $276 million. The associated project net present value estimate, at an 8% discount rate, came in at $751 million, and generated an after-tax internal rate of return of 32.2%. The study used a life-of-mine average sales price for graphite concentrate of US$1,730 per tonne, with a concentrate purity of over 97% graphitic carbon. In June, Noveau Monde signed a collaboration agreement with Caterpillar under which the leading equipment maker will develop, test and produce its “zero emission

Where Infrastructure MEETS GRADE

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

machines” for the mining project. The company also raised US$59.4 million in a public offering last month in the U.S. and Canada of 7.92 million of its common shares at a price of US$7.50 per share. The company listed on the New York Stock Exchange in May. Nouveau Monde is also building a battery material plant in an industrial park near the port in Becancour, about 150 km northeast of Montreal. In January, the company started construction on the phase 1 plant and acquired the land for the phase 2 expansion. In the initial phase, the company plans to produce 42,000 tonnes of coated spherical graphite, which is used as active anode material in lithium-ion batteries, and 3,000 tonnes of purified graphite used in hydrogen fuel cells and 5G heat dissipation foils. Production of fully-integrated anode material in its Phase 1 plant is scheduled to begin in the first quarter of 2022. Over the next 12 months, the company also plans to deliver a definitive feasibility study for the Phase 2 Becanour plant and secure a complete financing package for the Phase 2 Matawinie mine project. Nouveau Monde Graphite has a market cap of $369 million. n PATRIOT BATTERY METALS Patriot Battery Metals (CSE: PMET; US-OTC: RGDCD), formerly known as Gaia Metals, has exploration properties in British Columbia, Quebec, and the Northwest Territories in Canada, and in Idaho in the United States. Its 862-hectare Freeman Creek copper, gold and silver property in Idaho’s Lemhi County, hosts two major prospects: Gold Dyke and Carmen Creek. Surface sample results from work in 2020 at Gold Dyke included 0.72% copper, 10.9 grams gold per tonne and 80.1 grams silver per tonne, while samples from Carmen Creek, about 3 km to the northeast of Gold Dyke, included 9.75% copper, 25.5 grams gold per tonne; and 1.53% copper, 7.08 grams gold per tonne and 59.5 grams silver per tonne. Carmen Creek is the site of a past-producing mine and mill, but few historic records exist. In Canada, its Corvette-FCI property in Quebec, consists of 172 wholly owned claims (Corvette) and a further 111 claims (FCI East and FCI West) held under an option agreement with O3 Mining, for up to a 75% interest, for a combined 14,496 hectares. FCI West

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contains the Lorraine (8.15% copper, 1.33 grams gold and 171 grams silver); Elsass (3.63% copper, 0.64 gram gold and 52.3 grams silver); and Black Forrest (1.13% copper, 0.05 gram gold and 19.5 grams silver) discoveries, as well as the historic showings at Lac Smokycat-SO (1.75% copper, 1.47 grams gold and 40.5 grams silver) and Tyrone T-9 (3.36% copper, 0.82 gram gold and 38.4 grams silver), which collectively span a strike length of more than 5 km. Another discovery, the Hund Showing (3.28% copper, 0.78 gram gold and 30.1 grams silver) lies about 3 km to the southeast. Other prospects at CorvetteFCI include its Golden Gap prospect, where historic sampling completed by Virginia Mines returned 3 to 108.9 grams gold per tonne in outcrop and 7 metres grading 10.5 grams gold per tonne in one drill hole; and the Lac Bruno prospect. Corvette-FCI also hosts potential for platinum group elements (PGEs). An historic sample of outcrop assayed 3.1 grams gold per tonne, 1.06 grams palladium per tonne, 0.005 gram platinum per tonne, 7.5 grams silver per tonne, 0.24% copper, 0.19% nickel; and 411 grams per tonne cobalt at the Lac Long Sud showing. Samples collected by the company in 2019 included 8.15% copper, 1.33 grams gold and 171 grams silver, and 3.63% coper, 0.64 gram gold and 52.3 grams silver. Corvette-FCI also contains 11 well-mineralized spodumene pegmatites. Discovered in 2019, eight samples were collected from the CV5 pegmatite, which averaged 3% lithium oxide (LiO2) and 154 parts per million tantalum oxide (Ta205). In Quebec’s James Bay region, Patriot Battery Metals is exploring its 7,773-hectare Pontax property for lithium and gold; it 953-hectare Lac du Beryl prospect for lithium and gold; and its 1,109-hectare Eastmain property for lithium. In the Northwest Territories, the junior and its joint-venture partner Far Resources, are looking for lithium on its 1,660-hectare Hidden Lake property, which covers portions of the Yellowknife lithium pegmatite belt and hosts numerous spodumene-bearing pegmatite occurrences. A drill program in 2018 intersected grades of over 1% lithium oxide in all ten holes drilled. It is also exploring for silica at its 5,012-hectare Golden Silica property in B.C. Patriot Battery Metals has a market cap of $3.5 million. TNM

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Clean Air Metals reports new assays from Thunder Bay North project ONTARIO

| Drill results intersect platinum, palladium, copper and nickel

Battery & Motor Materials Demand Growth in a Fully Electric America Fully electrifying U.S. vehicle production would boost domestic demand for battery materials by 19x to 55x versus 2020, and demand for rare earth elements used in motors by 15x to 20x over the same period.

52x

BY DANIEL SEKULICH

lean Air Metals (TSXV: AIR) has released new assay results from its flagship Thunder Bay North (TBN) asset, a platinum, palladium, copper and nickel project in northwestern Ontario, about 50 km northeast of the city of Thunder Bay. The 100%-owned project consists of the Escape Lake and Current Lake deposits, which are 2.5 km apart, and the drill results are from a 30,000metre diamond drilling campaign underway at Escape Lake. Hole ELR21-067 intersected a massive sulfide lens over 0.2 metres from 432.2 metres downhole, composed of 12.9 grams per tonne palladium, 15.5 grams per tonne platinum, 7.94% copper and 2.41% nickel (41.2 grams per tonne palladium-equivalent). Another hole, ELR21-041, also intersected a massive sulfide lens 100 metres to the southeast. ELR21041 intersected 0.5 metres from 337 metres downhole that graded 7.93 grams per tonne palladium, 6.41 grams per tonne platinum, 4.76% copper, 2.5% nickel and 0.151% cobalt (31.8 grams per tonne palladium-equivalent). Two other highlights were hole ELR21-059A, which intersected 6 metres grading 1.53 grams per tonne palladium, 1.37 grams per tonne

ETHAN BEARDY/CLEAN AIR METALS

platinum, 0.62% copper and 0.32% nickel from 311 metres downhole (4.3 grams per tonne palladiumequivalent); and hole ELR21-046, which returned 5.1 metres from 337.4 metres downhole grading 1.89 grams per tonne palladium, 1.68 grams per tonne platinum, 0.73% copper and 0.25% nickel (4.9 grams per tonne palladium-equivalent). All holes were drilled within the project’s Bullseye magnetic anomaly. The company believes this grouping of Norilsk-style copper-nickelcobalt massive sulfide veinlets or injections with substantial platinum and palladium suggests leakage from a possible source in the area of the magnetic anomaly. “It is still relatively early days at Escape with 150 holes in,” Clean Air’s CEO, Abraham Drost, says in an interview. “However, the ongoing drill results from the Escape Lake deposit suggest that it will ultimately rival its big sister, the Current Lake deposit to the east, with 700 holes in. This has important implications for scale and as a potential future source of feed in combination with the Current Lake deposit at Thunder Bay North.” In January, Clean Air released an updated resource estimate for Escape Lake, outlining indicated resources of 4.3 million tonnes grading 3.67

grams per tonne palladium-equivalent for 505,000 oz. palladium-equivalent, with inferred resources of 3.5 million tonnes grading 2.23 grams per tonne palladium-equivalent for 247,000 oz palladium-equivalent. The adjacent Current Lake deposit’s indicated mineral resource stands at 12 million tonnes grading 3.44 grams per tonne palladium-equivalent for 1.3 million oz. palladium-equivalent. TBN is close to several operating mines, including Impala Platinum Holdings’ (JSE: IMP) Lac des Iles mine and Lundin Mining’s (TSX: LUN) Eagle mine. In February, Clean Air closed a $11.5 million bought deal private placement, the proceeds of which have been used for exploration work at TBN. According to Drost, the company’s plans for 2021 are to have “infill delineation drilling to continue at the Escape Lake deposit, while an upcoming preliminary economic assessment (PEA) will initially focus on the Current Lake deposit on a standalone basis.” He says they are looking to the last quarter of this year to complete the PEA. At press time, Clean Air’s shares were trading at 28¢ within a 52-week range of 26-48¢. It has about144 million shares outstanding and a market cap of $41 million. TNM

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Clean Air’s Thunder Bay North site in Ontario.

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OUTLOOK From 9

Demand Growth Over 2020

Cobalt

Lithium

Nickel

Graphite

developments is the advent of ESG [environment, social, governance] Units: tonnes 2020 2030 investment principles over the past or whenever U.S. goes fully decade. electric For instance, the reality that only 468 8,500 certain types of class one nickel Rare Earths 1,874 53,382 are amenable to use in batteries is Cobalt 2,063 106,846 now becoming even more specific, Lithium 15,407 509,846 whereby it’s not good enough to sim- Nickel ply have class one nickel; end-users Graphite 14,202 775,600 and investors into the supply chains SOURCE: ADAMAS INTELLIGENCE also want to check off a variety of ESG related characteristics. “They want transparency into where that supply is being derived tal footprints involved. “So that’s a from. They want a good under- plus for resource developers that standing of what the carbon foot- formerly only had to compete on print of that supply looks like. So, cost, but now can compete on cost a lot more considerations coming and also on some of these other factors,” says Castilloux. into the pipeline, which Both analysts don’t will just add more layers think it is too late for the of complexity to a supply West to catch up with chain that would struggle China to establish new to keep up even if those supply chains. considerations were not on the table,” says Castilloux. “I certainly don’t think Chris Berry, president of it’s too late. And the House Mountain Partners reason being is that there and an analyst who focuses is ample demand growth on energy metals supply to go around looking chains, says it’s obvious Chris Berry, forward. Even China alone the world will be using a lot will not be able to supply president of more of these tech metals House Mountain all of the world’s needs, in 2030 relative to today, likely before the end of Partners. and that underpins his curHOUSE MOUNTAIN this decade in the case of rent investment thesis. PARTNERS rare earths and for other He calls it ‘the paradox materials as well. There’s of green growth.’ “You have this certainly an opportunity for other huge push from governments and producers, other nations to build companies around ESG. There’s a up supply chains to capitalize on buzz, if you will, of capital, looking to that strong demand growth. But be deployed in the wake of Covid,” there’s no doubt that they are years, he tells The Northern Miner. if not decades or so, behind China. “The paradox is it’s going to take It will take them a long time to catch more raw materials to achieve those up volume-wise, on intellectual decarbonization goals as opposed property and know-how,” says to less. So, if we are extracting and Castilloux. refining more raw materials, you’ve Berry agrees that it’s not too late. got to find ways to do it that are “We’re getting there. We’re startmore cost-effective and have a mini- ing. I think, at least here in North mal carbon footprint relative to the America, under President Trump, traditional ways of doing business,” this whole idea of critical metals says Berry. and supply chains was couched He stresses a challenging path [in in the notion of national security. this case, tech metals supply growth] And now, under a Biden adminiswill lead to innovation. “We are tration, it’s couched under climate going to go from 350,000 to 370,000 change and climate change, in turn, tonnes of lithium demand today to as national security. a million tonnes by 2025. And then “There is kind of a blurring of I would argue two million tonnes the line between national security by 2030. The existing sort of known and economic security. And I think processes for mining and refining that works really well for securing lithium isn’t going to work. They’re domestic or even regional supplies not going to be sustainable.” of critical metals,” says Berry. Changing the rules usually forces Castilloux adds a final point that companies to innovate. And the it’s wrong to think about the suite innovation is where the returns of tech metals as each living in its are generated, according to Berry. own silo. The reality is they’re all “I think the way to be rewarded intertwined. For example, it’s easy as an investor is finding those com- to think about an EV’s motor and panies that have the large scalable the battery as isolated from one assets with the right boxes ticked. But another from a rare earths perspecalso, I think that, in terms of gener- tive. “However, if we can’t use rare ating returns, you’re going to have earth permanent magnet traction to think about different technolo- motors, which are the most effigies that go hand in hand, whether cient traction motor available, the or not it’s with resource extraction industry needs to substitute with or recycling,” says Berry. an induction motor or some other In the past, cost was the prime alternative type that will consume determining factor for whether more of the battery’s power to do somebody wanted to buy a tech- one kilometre of work,” says Casnology metal. The reality has now tilloux. morphed into additional layers that “That means they’ll need to add value to specific end-users. increase their battery capacity even That may make users more will- further, consuming more minerals ing to perhaps pay a premium for to compete with other vehicle makCanadian sourced nickel, given the ers, or at least, to continue delivering provenance and the transparency on that driving range promised up it comes with, versus something until then. So, all of these materials coming from Indonesia where there really need to come up in harmony,” are more significant environmen- says Castilloux. TNM

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M A R K E T N EWS TORONTO STOCK EXCHANGE / JULY 5 – 9 The S&P/TSX Composite Index rose 0.16% to 20,257.95 during the July 5-9 trading week. The S&P/TSX Global Mining Index climbed 2.24% to 109.76, and the S&P/TSX Global Base Metals Index jumped 2.43% to 173.35. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per oz., and the S&P/TSX Global Gold Index advanced 0.89% to 299.71. Gatos Silver increased by $1.98 to $24.20 per share. The company reported that its 70%-owned Cerro Los Gatos mine in Mexico, about 120 km south of the city of Chihuahua, produced 240,047 tonnes of mineralized material (on a 100% basis) in the second quarter, up from 209,832 tonnes in the first quarter. The mill processed 230,656 tonnes, up 13% from the first quarter. “Mine development during Q2 accessed the expected higher-grade ore forecast to be mined during 2021 and the plant production averaged a record 2,535 tonnes per day, above the design capacity of 2,500 tonnes per day,” Stephen Orr, Gatos’ CEO, stated in a press release. The company’s 2021 production guidance stands at 7.5-7.9 million oz. of silver, 40-42 million oz. of lead, and 4952 million lb. of zinc. Shares of Solaris Resources rose $1.47 to $13.24. The company released more assays

from its flagship Warintza copper-gold project in southeastern Ecuador, about 85 km east of the city of Cuenca. The additional drill holes have extended the strike length of Warintza Central by 1,250 metres to the east, with some of the strongest intervals reported so far on the project, the company said. Highlights included drillhole SLS-24, which was collared on the southeastern limit of the Warintza Central grid and drilled into an open area due east. The hole intersected 952 metres grading 0.53% copper, 0.02% molybdenum, and 0.04 gram gold per tonne (0.62% copper-equivalent) starting from ten metres, including 502 metres of 0.57% copper, 0.02% molybdenum, and 0.05 gram gold (0.67% copper-equivalent). To date, 36 holes TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy B2Gold Corp Nevada Copper Kinross Gold Barrick Gold Yamana Gold Teck Res First Quantum HudBay Min Lundin Mng

SU 29664 BTO 16049 NCU 15332 K 14555 ABX 12293 YRI 9788 TECK.B 8832 FM 8441 HBM 8250 LUN 8148

30.47 5.34 0.22 8.24 26.71 5.49 29.42 29.40 8.71 11.86

WEEK LOW CLOSE CHANGE

28.26 4.96 0.18 7.72 25.67 5.08 26.90 27.12 7.93 10.94

28.97 5.06 0.20 7.86 26.32 5.25 29.28 28.85 8.65 11.54

+ + + + +

0.51 0.14 0.02 0.09 0.68 0.05 0.72 0.54 0.40 0.33

have been completed at Warintza Central, with assays reported for 26. Cameco fell 81¢ to $22.79 per share. The company announced on July 4 that its regular workforce was returning to the Cigar Lake uranium mine in northern Saskatchewan after a local wildfire forced an evacuation and suspension of operations. About 230

workers were evacuated from the site on July 1 as a precaution due to the proximity of the Briggs wildfire. By the next day, the wildfire had moved past the main camp area without serious impact to the site. Inspections indicated that no structural damage occurred to any buildings and all assets appeared intact, Cameco said. TNM

TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Orosur Mng SouthGobi Res Orvana Mnrls Solaris Res Orea Mining Northcliff Res NextSource Mat Gatos Silver EurOmax Res Century Global Vista Gold Starcore Intl Karnalyte Res Anaconda Mng Fortune Min Energy Fuels Forsys Metals Perpetua Res Mawson Res New Pac Metals

OMI SGQ ORV SLS OREA NCF NEXT GATO EOX CNT VGZ SAM KRN ANX FT EFR FSY PPTA MAW NUAG

VOLUME (000s)

WEEK LOW CLOSE CHANGE

1899 0.45 0.00 60 0.30 0.00 1511 0.54 0.40 473 13.24 11.64 2328 0.10 0.08 148 0.06 0.00 850 2.97 2.30 106 24.34 22.03 123 0.07 0.06 36 0.36 0.30 324 1.60 1.16 121 0.26 0.21 21 0.21 0.18 393 0.92 0.80 1263 0.14 0.13 1561 7.59 6.52 311 0.82 0.70 502 9.45 7.62 313 0.26 0.22 125 6.19 5.27

0.36 0.23 0.45 13.24 0.10 0.06 2.91 24.20 0.07 0.34 1.16 0.21 0.18 0.82 0.13 6.72 0.72 8.28 0.23 5.51

+ + + + + + + + + + -

47.9 21.1 18.4 12.5 11.8 9.1 9.0 8.9 8.3 8.1 23.2 17.6 12.2 10.9 10.7 10.5 10.0 9.8 9.8 9.7

Gatos Silver Newmont Corp Solaris Res Teck Res Franco-Nevada Nutrien Newcrest Mg Kirkland Lake Teck Res Barrick Gold First Majestic Aura Minerals Perpetua Res Cameco Corp Energy Fuels Torex Gold Osisko Gold New Pac Metals MAG Silver Suncor Energy

GATO NGT SLS TECK.A FNV NTR NCM KL TECK.B ABX FR ORA PPTA CCO EFR TXG OR NUAG MAG SU

106 767 473 7 1296 4627 1 2886 8832 12293 2836 113 502 4160 1561 1205 2947 125 629 29664

WEEK CLOSE

24.20 79.63 13.24 36.43 183.35 76.22 25.18 49.03 29.28 26.32 18.17 15.72 8.28 22.79 6.72 13.98 16.64 5.51 26.00 28.97

CHANGE

+ + + + + + + + + + -

1.98 1.51 1.47 1.38 1.31 1.23 1.18 0.89 0.72 0.68 1.13 0.97 0.90 0.81 0.79 0.64 0.64 0.59 0.56 0.51

TSX VENTURE EXCHANGE / JULY 5 – 9 The S&P/TSX Venture Composite Index dropped 3.09% to finish the trading week at 938.47. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce. Rupert Resources climbed 31¢ to $5.49. The company released drill results from the Heina South prospect at its 100%-owned Pahtavaara project in Finland, about 1,200 km north of Helsinki. Highlights included drillhole 121015, which intersected one metre grading 162 grams gold per tonne starting from 23 metres downhole, and extended the previously defined northeast trend by 160 metres. Hole 121049 cut two metres of 17.7 grams gold from 243 metres, and confirmed continuity of grade at depth within the previously defined trend. The results “significantly extend the mineralised system at Heina South and add continuity to the previously identified high-grade mineralisation, with the trend now shown to strike at least 750 metres with potential to extend to one km with further infill,” James Withall, Rupert Resources’ CEO, stated in a press release. Shares of NEO Battery Materials rose 29¢ to $1.03. The Vancouver-based company said it is working on a conceptual design for a pilot

plant for its proprietary silicon nanocoating technology. The company said the technology could enable the low-cost, mass-production of silicon-based materials that are used in the anodes of batteries in electric vehicles. The company also noted that it is evaluating locations for the plant, and said South Korea is among the top candidates due to that country’s “robust LiB network and technological advancements.” Eskay Mining fell 44¢ to $2.37 per share. Eskay Mining and Seabridge Gold announced that they have agreed to share the $12 million cost to build the first nine kilometres of an access road to Seabridge’s KSM gold-silverTSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Sparton Res NEO Battery Select Sands Saturn Mnrls Emerita Res Azincourt Ener Leeta Gold Galleon Gold Deep-South Res Kombat Copper

SRI NBM SNS SOIL EMO AAZ HIVE GGO DSM TM

32387 25041 17126 14555 12386 12332 8446 5912 5909 5565

0.18 1.31 0.10 0.15 2.00 0.07 3.85 0.11 0.06 0.40

WEEK LOW CLOSE CHANGE

0.10 0.74 0.05 0.12 1.27 0.05 2.93 0.09 0.04 0.30

0.10 1.03 0.07 0.12 1.50 0.06 3.11 0.09 0.05 0.37

+ + + +

0.05 0.29 0.01 0.03 0.35 0.01 0.65 0.02 0.01 0.05

copper project in B.C., about 65 km northeast of Stewart. Called the Coulter Creek Access Road (CCAR), on completion it would be one of two main access roads to KSM. About 2.92 kilometres of the first segment of the CCAR is on mineral tenures held by Eskay. “The construction of the first segment of the CCAR will provide cost-saving logistical benefits for

Eskay Mining’s planned exploration activities,” Mac Balkam, Eskay’s president and CEO, stated in a press release. Once the first segment is complete, he added, “we will have use of the first segment of the CCAR for a minimum of 15 years pursuant to a road access agreement subject to payment of our pro rata share of maintenance costs.” TNM

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

Greenshield Ex Baroyeca Gold Usha Res Intl Bethl Mng NEO Battery Black Mammoth Stone Gold Altair Res Inc Adyton Res Phoenix Metals Cadillac Vent Margaret Lake Highbank Res Arctic Star Sparton Res Goldbank Mng Eagle Graphite Noble Metal Cresval Cap Adex Mining

PEZM.H BGS USHA IBC.H NBM BMM STG AVX ADY PHC CDC DIA HBK ADD SRI GLB EGA NMG.H CRV ADE

165 403 178 12 25041 24 371 1740 4912 661 206 2958 238 3081 32387 1 142 367 15 1682

0.30 0.30 0.29 0.09 1.31 0.17 0.12 0.15 0.13 0.47 0.03 0.07 0.02 0.22 0.18 0.13 0.14 0.02 0.04 0.02

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.25 0.20 0.19 0.00 0.74 0.12 0.08 0.10 0.08 0.33 0.00 0.05 0.01 0.14 0.10 0.13 0.10 0.02 0.03 0.01

0.30 0.30 0.29 0.09 1.03 0.17 0.11 0.15 0.12 0.44 0.02 0.05 0.01 0.15 0.10 0.13 0.10 0.02 0.03 0.02

+ + + + + + + + + + -

57.9 50.0 45.0 41.7 39.2 37.5 37.5 36.4 33.3 33.3 40.0 35.7 33.3 32.6 32.1 27.8 25.9 25.0 25.0 25.0

VOLUME (000s)

St. James Gold Standard Lith Desert Mtn Egy Aurania Res Artemis Gold Rupert Res NEO Battery Graphite One Apollo Gold Azimut Explor Tanqueray Expl Nouveau Monde Leeta Gold Callinex Mines New Found Gold Arizona Metals Eskay Mng Eloro Res Emerita Res IsoEnergy Ltd

LORD SLL DME ARU ARTG RUP NBM GPH APGO AZM IPA NOU HIVE CNX NFG AMC ESK ELO EMO ISO

WEEK CLOSE

188 4.25 2154 5.97 355 4.34 132 3.03 350 6.68 352 5.49 25041 1.03 413 1.30 1011 1.13 754 2.41 83 6.81 460 8.63 8446 3.11 73 3.98 771 11.53 605 4.41 797 2.37 747 4.00 12386 1.50 247 2.67

CHANGE

+ + + + + + + + + + -

0.91 0.83 0.59 0.55 0.42 0.31 0.29 0.27 0.25 0.24 0.89 0.89 0.65 0.62 0.62 0.52 0.44 0.37 0.35 0.28

U.S. MARKETS / JULY 5 – 9 The Dow Jones Industrial Average rose 0.24% to finish the week at 34,870.16 and the S&P 500 climbed 0.40% to 4,369.55. Spot gold rose by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce. Rio Tinto climbed US$2.36 to US$85.99 per share. Rio Tinto and POSCO, South Korea’s largest steel producer, have inked a memorandum of understanding to jointly explore, develop, and demonstrate technologies to speed up the transition to a low-carbon emission steel sector. The partnership will explore a range of technologies for decarbonization across the value chain, from iron ore mining to steelmaking. The deal includes integrating Rio Tinto’s iron ore processing technology and POSCO’s steelmaking technology. In December, Rio Tinto announced that it was investing US$10 million in low-carbon steelmaking projects over the next two years as part of its partnership with China Baowu Steel Group, China’s largest steel producer. POSCO said it aims to become carbon-neutral by 2050. Shares of Gold Fields dropped US5¢ to US$9.13. Chile’s environmental watchdog is close to deciding whether the company harmed a group of 25 short-tailed chinchillas by attempting to move them so it can access 3.5

million oz. of extractable gold and 39 million oz. of silver from its Salares Norte project in the country’s north. Chinchillas, hunted for their thick, soft pelt, are now only found in the wild in parts of Chile and are protected by law. With the assistance of Chilean authorities, the South African gold producer launched an operation last year to relocate the colony of endangered rodents living around the project. Gold Fields has invested a total of US$400,000 to date in the project, which includes various population surveys using satellite technology to ensure chinchilla survival. Alcoa fell US48¢ to US$37.44 per share. The company announced that it will supply

U.S. MOST ACTIVE ISSUES VOLUME (000s)

HIGH

WEEK LOW CLOSE CHANGE

Vale* VALE 112040 22.60 21.18 22.42 Cleveland-Clif* CLF 111828 22.60 20.01 22.56 + United States S* X 102931 24.61 21.59 24.54 + Freeport McMoR* FCX 85921 37.49 33.57 36.50 Kinross Gold* KGC 84335 6.61 6.16 6.30 Peabody Enrgy* BTU 82741 11.18 7.76 11.01 + Yamana Gold* AUY 69886 4.43 4.05 4.23 Barrick Gold* GOLD 65264 21.41 20.57 21.13 + Chevron Corp* CVX 42102 106.40 101.22 104.07 Gold Fields* GFI 36641 9.44 8.84 9.13 -

0.06 0.19 0.45 0.64 0.14 2.48 0.09 0.34 2.00 0.05

EcoLum, its low-carbon primary aluminium, to WKW Extrusion’s Erbsloh Aluminium for its new brand of semi-finished extrusion alloys. Alcoa said that EcoLum, which has a carbon footprint that is approximately three and a half times better than the global average, is a key enabler in allowing manufacturers to reduce their emissions profile. “Manufacturers and consumers continue to demand the use

of more sustainable raw materials across the global supply chain,” Adam Smith, Alcoa’s vice president of aluminium sales and trading, stated in a press release. Erbsloh Aluminium, he added, “has a strong reputation as a manufacturer of high-quality products for a range of critical industries, and this agreement reflects our continued drive to advance sustainably and work with customers on solutions.” TNM

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

Peabody Enrgy* Gatos Silver* CONSOL Energy* Natural Res Pt* Arch Resources* HudBay Min* Rio Tinto* MartinMarietta* CONSOL Energy* AngloGold Ash* Nouveau Monde* McEwen Mng* First Majestic* Endeavr Silver* Osisko Gold* Hecla Mining* Cameco Corp* Coeur Mng* Nexa Resources* Pretium Res*

BTU GATO CEIX NRP ARCH HBM RIO MLM CNX AU NMG MUX AG EXK OR HL CCJ CDE NEXA PVG

82741 11.18 1547 19.45 1573 18.94 56 21.20 2067 62.53 10132 6.97 9645 86.23 1555 362.49 11949 13.91 17374 19.91 831 7.95 17766 1.45 18925 16.09 11414 6.34 3106 14.29 26664 7.71 17408 19.65 13869 9.23 357 9.10 5599 9.88

U.S. GREATEST VALUE CHANGE VOLUME (000s)

WEEK LOW CLOSE CHANGE

7.76 11.01 17.59 19.43 16.15 18.83 19.82 21.20 54.24 61.21 6.35 6.95 80.99 85.99 341.82 357.92 12.89 13.83 18.75 19.49 6.71 6.88 1.22 1.29 14.16 14.60 5.48 5.83 13.11 13.35 6.85 7.14 17.83 18.33 8.11 8.53 8.44 8.55 9.14 9.34

+ 29.1 + 7.6 + 4.7 + 4.5 + 4.2 + 3.6 + 2.8 + 2.4 + 2.4 + 2.1 - 11.7 - 8.5 - 6.7 - 4.7 - 4.6 - 4.3 - 4.3 - 4.3 - 4.1 - 3.7

MartinMarietta* MLM Peabody Enrgy* BTU Arch Resources* ARCH Rio Tinto* RIO Gatos Silver* GATO Southern Copp* SCCO Natural Res Pt* NRP Black Hills* BKH CONSOL Energy* CEIX Newmont Corp* NEM Chevron Corp* CVX First Majestic* AG Nouveau Monde* NMG Intrepid Pots* IPI Cameco Corp* CCJ Suncor Energy* SU Osisko Gold* OR Freeport McMoR* FCX Alcoa* AA Franco-Nevada* FNV

1555 82741 2067 9645 1547 5425 56 1200 1573 24692 42102 18925 831 481 17408 29698 3106 85921 32949 2513

WEEK CLOSE

357.92 11.01 61.21 85.99 19.43 65.18 21.20 66.66 18.83 63.98 104.07 14.60 6.88 31.53 18.33 23.27 13.35 36.50 37.44 147.29

CHANGE

+ + + + + + + + + + -

8.33 2.48 2.46 2.36 1.37 0.99 0.92 0.89 0.84 0.62 2.00 1.05 0.91 0.85 0.82 0.66 0.65 0.64 0.48 0.45

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 08 2021 (change from July 01, 2021 in brackets): Aluminium Alloy 1900 (0) Aluminium 1517200 (-51700) Copper 214575 (+2600) Lead 70300 (-9950) Nickel 229980 (-1518) Tin 1935 (-80) Zinc 251300 (-2300)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$60.10 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.70 Cobalt: US$22.89/lb. Copper: US$4.28 Copper: CME Group Futures August 2021: US$4.33/lb.; September 2021: US$4.33/lb Iridium: NY Dealer Mid-mkt US$5,650.00/tr oz. Iron Ore 62% Fe CFR China-S: US$216.50 Lead: US$1.06/lb. Phosphate Rock: N.A. Potash: N.A. Rhodium: Mid-mkt US$17,900.00 tr. oz. Ruthenium: Mid-mkt US$750.00/tr. oz. Silver: Handy & Harman Base: US$26.14 per oz.; Handy & Harman Fabricated: US$32.67 per oz. Tin: US$15.00/lb. Uranium: U3O8, Trade Tech spot price: US$32.70 per lb. U308 Zinc: US$1.34 per lb. Prices current July 12, 2021

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of June 15, 2021 (with changes from May 31, 2021) Largest short positions Ivanhoe Mines IVN 16323657 -3123296 5/31/2021 Fortuna Silvr FVI 15376350 3039445 5/31/2021 New Gold NGD 13129456 -271599 5/31/2021 Suncor Energy SU 12744090 -2199087 5/31/2021 Argonaut Gold AR 12634761 1809088 5/31/2021 Nthn Dynasty NDM 12360926 3468255 5/31/2021 Nexgen Energy NXE 12202537 803563 5/31/2021 Barrick Gold ABX 9642547 115615 5/31/2021 Lundin Mng LUN 8960521 3169481 5/31/2021 Wheaton Prec WPM 8854319 -160101 5/31/2021 Kinross Gold K 7616303 -1079709 5/31/2021 Equinox Gold EQX 7095695 282949 5/31/2021 First Quantum FM 6814306 -362851 5/31/2021 B2Gold Corp BTO 6790535 -368947 5/31/2021 Denison Mines DML 6217549 -4847252 5/31/2021 Largest increase in short position Nthn Dynasty NDM 12360926 3468255 5/31/2021 Lundin Mng LUN 8960521 3169481 5/31/2021 Fortuna Silvr FVI 15376350 3039445 5/31/2021 Argonaut Gold AR 12634761 1809088 5/31/2021 Roxgold ROXG 2144888 1366630 5/31/2021 Largest decrease in short position Triple Flag TFPM 3246789 -19387000 5/31/2021 Denison Mines DML 6217549 -4847252 5/31/2021 Capstone Mng CS 1565682 -3755330 5/31/2021 Yamana Gold YRI 2894828 -3313603 5/31/2021 Ivanhoe Mines IVN 16323657 -3123296 5/31/2021

Short positions outstanding as of June 15, 2021 (with changes from May 31, 2021) Largest short positions Saturn Mnrls SOIL 13106515 10536944 5/31/2021 Minaurum Gold MGG 5018839 4974405 5/31/2021 GR Silver GRSL 3076138 474212 5/31/2021 Kombat Copper TM 2795133 2672355 5/31/2021 Azincourt Ener AAZ 2102070 -263630 5/31/2021 Pure Gold Mg PGM 2037892 -170128 5/31/2021 EnCore Energy EU 2006031 -577472 5/31/2021 Uragold Bay Rs HPQ 1866939 226770 5/31/2021 Arizona Metals AMC 1820056 370420 5/31/2021 NuLegacy Gold NUG 1606162 -48555 5/31/2021 Falcon Gold FG 1578942 1530033 5/31/2021 Royal Rd Mnrls RYR 1552286 1515564 5/31/2021 Kore Mining KORE 1505760 280638 5/31/2021 Uranium Roylty URC 1292291 -89362 5/31/2021 Labrador Gold LAB 1280080 254099 5/31/2021 Largest increase in short position Saturn Mnrls SOIL 13106515 10536944 5/31/2021 Minaurum Gold MGG 5018839 4974405 5/31/2021 Kombat Copper TM 2795133 2672355 5/31/2021 Falcon Gold FG 1578942 1530033 5/31/2021 Royal Rd Mnrls RYR 1552286 1515564 5/31/2021 Largest decrease in short position Sokoman Min SIC 101264 -2035916 5/31/2021 Vizsla Silver VZLA 673929 -1704512 5/31/2021 Sego Res SGZ 130314 -1587489 5/31/2021 Foran Mining FOM 435389 -1262534 5/31/2021 E3 Metals ETMC 225983 -1193619 5/31/2021

DAILY METAL PRICES Date Jul 09 Jul 08 Jul 07 Jul 06 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2238/2224 2238.50/2224 2239/2224 2239/2100 Aluminum 2470/2488.50 2435/2450 2508.50/2528 2529.50/2551 Copper 9437.50/9475.50 9264.50/9297.50 9451.50/9483 9528/9558.50 Lead 2342.50/2330 2283/2279.50 2306.50/2311.50 2320.50/2313.50 Nickel 18673/18684 18180/18190 18309/18317 18541/18550 Tin 33076/31850 32666/31630 32999/31785 32578/31716 Zinc 2955/2973 2912/2927 2944/2962 2949.50/2967 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1803.40 1810.25 1804.25 Gold PM 1806.00 1807.70 1804.65 Silver 26.01 26.11 26.39 Platinum 1090.00 1072.00 1094.00 Palladium 2800.00 2784.00 2833.00

1807.80 1809.85 26.61 1106.00 2869.00

Jul 05 2239/2224 2539.50/2558.50 9432/9461 2329.50/2315.50 18370/18368 33370/31800 2938/2955

1809.95 1791.35 26.55 1099.00 2813.00

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

Jul 09 1.2451 0.8034

Jul 08 1.2531 0.7980

Exchange rates (Quote Media, July 09, 2021) C$ to AUS C$ to EURO 1.0738 0.6770 C$ to UK Pound C$ to China Yuan 0.5777 5.2084 US to AUS US to EURO 1.3360 0.8419 US to UK Pound US to China Yuan 0.7191 6.4789

Jul 07 1.2482 0.8012

Jul 06 1.2459 0.8026

Jul 05 1.2339 0.8104

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

the Issuer at $2.21 until expiry. Karora Resources Inc. (KRR.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Osisko Gold Royalties (OR.WT) - Wt buys

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share. Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share. Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share. Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share. Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at

$3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share. Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share. Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at

sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS $0.12 per share. Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share. Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share. Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Sandfire Resources America Inc. (SFR.RT) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share. Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share. 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. Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

C$ to YEN 88.4855 C$ to India Rupee 59.8788 US to YEN 110.0950 US to India Rupee 74.4873

C$ to Mex Peso 15.9634 C$ to Swiss Franc 0.7342 US to Mex Peso 19.8791 US to Swiss Franc 0.9138

C$ to SA Rand 11.4203 C$ to S. Korea Won 920.3024 US to SA Rand 14.2009 US to S. Korea Won 1145.3100

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

Jul 09 20257.95 938.47 1214.79 299.47 270.22

Jul 08 20061.21 922.30 1202.82 295.85 270.22

Jul 07 20290.60 940.78 1218.67 302.44 278.16

Jul 06 20300.03 953.52 1217.80 301.96 277.80

Jul 05 20281.46 964.20 1215.50 297.62 276.62

High 20381.70 1113.64 1222.92 416.84 359.81

Low 15418.46 648.47 919.76 267.29 246.09

NEW 52-WEEK HIGHS AND LOWS JULY 5-9, 2021 CANADIAN GOLD MUTUAL FUNDS FundName BMO Prec Mtls Fd A BMO ZGD BMO ZJG CI Pre Met Fd A CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD Mac Prec Met Cl A NBI PrecMetFd Invt NPT Go&PrMinFd A NPT SilverEquCl A RBC GblPreMetFd A RBC GblPreMetFd Adv TD Prec Mtl Fd Inv

Jul 09 ($) 25.33 71.20 66.21 57.87 14.65 12.90 27.39 29.79 15.66 18.73 70.42 19.73 54.96 9.99 58.46 58.86 47.05

Jul 02 ($) 25.23 71.34 66.68 57.53 14.58 12.70 27.22 29.77 15.56 18.57 69.98 19.71 54.91 10.26 58.41 58.81 46.77

Change ($) 0.11 -0.14 -0.46 0.34 0.07 0.20 0.17 0.03 0.10 0.16 0.44 0.02 0.05 -0.27 0.05 0.05 0.28

Change (%) 0.42 -0.19 -0.70 0.59 0.49 1.60 0.64 0.09 0.62 0.87 0.63 0.10 0.09 -2.59 0.08 0.08 0.60

YTDChange (%) 1.55 -0.68 -5.26 0.73 2.23 -1.45 -2.73 2.75 5.95 5.32 5.91 -0.71 -1.28 0.66 -1.24 -1.26 1.33

55 New Highs MER (%) 2.40 0.61 0.60 2.31 2.29 2.73 0.68 0.83 2.63 0.61 2.52 2.46 3.19 2.98 2.09 2.09 2.27

TotalAssets (M$) 62.90 129.80 89.05 387.82 66.75 646.24 7.54 32.26 1285.91 80.50 32.64

500.90 2.55 147.58

ACME Lithium Alliance Res* Altair Res Inc Arch Resources* Aya Gold* Azarga Metals Azarga Metals* Azteca Gold* Baden Res C3 Metals Canstar Res Clean Comm* Cyntar Venture Diamante Min* Eastfield Res* EEE Explor Emerita Res Gentor Res Goldsource Min* Greenshield Ex Highway 50 Gld Intl Zeolite

GLOBAL MINING NEWS · SINCE 1915

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

Skeena Res* Solaris Res Sonoro Gold Sonoro Gold* Standard Lith Stelmine Can TDG Gold Tocvan Venture TriMetals Mng* Tsodilo Res

81 New Lows 1911 Gold Adyton Res Almaden Min Aquila Res Arizona Gold B2Gold Corp B2Gold Corp* Bear Creek Mng Bear Creek Mng* Belo Sun Mng Belo Sun Mng* Brixton Metals*

BTU Metals Buenaventura* Discovery Silv* Dolly Vard Sil Eldorado Gold Equinox Gold Equinox Gold* Excellon Res* Fathom Nickel Fortuna Silvr Full Metal Mnl Fury Gold Galway Mtls Garibaldi Res GFG Resources* Gldn Predator Golcap Res Gold Resource* Golden Goliath Goldgroup Mng* GoldMining GoldON Res Goldshore Res

Gran Colombia Gran Colombia* Headwater Gold IAMGOLD IAMGOLD* IMPACT Silver Kingfisher Met* Kootenay Silvr Kootenay Silvr* Lumina Gold Mantaro Silver Mawson Res Mawson Res* Mayfair Gold Mayfair Gold* Millrock Res* Minaurum Gold Minaurum Gold* Mistango River New Pac Metals* New Target Mng Northstar Gold Nrthn Vertex

Omai Gold Orefinders Res Pan Am Silver* Panoro Mnrls Paramount Gold* PolyMet Mng Power Metals Power Metals* Precipitate Gl* Puma Expl Radisson Mng Ready Set Gold Riverside Res* Sabina Gd&Slvr* Sierra Madre G* SOPerior Fert Surge Copper* Tanzanian Gold* TomaGold Torex Gold* West Red Lake Winston Res Wolfeye Res

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

Intl Zeolite* Itafos Itafos* Jayden Res Jervois Mining* K92 Mining K92 Mining* KAT Expl* Le Mare Gold* Marvel Discov Medaro Mining Mineral Res* Mineworx Tech* NEO Battery NEO Battery* Newlox Gold Orvana Mnrls Orvana Mnrls* Peabody Enrgy* Prime Mining* Prospect Ridge Select Sands Silver Phoenix

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

WWW.NORTHERNMINER.COM

JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JULY 5–9, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1844 Resources 1911 Gold* 1911 Gold 55 North 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines* Abcourt Mines Aben Resources Aben Resources* Abitibi Royal Abitibi Royal* AbraSilver Res AbraSilver Res* Academy Metals* Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Adventus Adventus* Adyton Res AEX Gold Affinity Metal* African Gold* African Gold African Metals African Min* Aftermath Silv* Agnico Eagle Agnico Eagle* AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alexandra Cap* Alexco Res* Alexco Res Alianza Min* Alianza Min Alien Metals* All American* 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 Altair Res Inc* Altair Res Inc Altaley Mining Altaley Mining* Altamira Gold* Altamira Gold Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls * Altius Mnrls Alto Ventures* Alto Ventures Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources* ALX Resources AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American CuMo American Eagle American Lith* American Lith American Mang* American Mang American Pac AmericanSierra* Americas Silvr Americas Silvr* Amerigo Res Amerigo Res* Ameriwest Lith Amex Expl Amex Expl* Amilot Capital AmmPower* AmmPower Amseco Expl Anaconda Mng Anaconda Mng* Andean Prec 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* Angold Res Angold Res* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold Antofagasta* Apollo Gold* Apollo Gold Appia Energy Appia Energy* Applied Min* Aquila Res Aquila Res* Arbor Metals Arch Resources* Archer Explor Archon Mineral ArcPacific Res* ArcPacific Res Arctic Fox Ven Arctic Star* Arctic Star Arcturus Vent* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Ares Strategic* Argentina Lith* Argentina Lith Argentum Silvr* Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph

V 466 O 204 V 254 C 457 C 418 O 168 V 478 O 171 V 116 O 67 V 150 V 1486 O 452 V 2 O 0 V 2769 O 3057 O 0 V 10 C 135 V 449 O 165 V 1682 V 549 V 469 O 1901 V 4912 V 108 O 5 O 80 V 684 V 87 O 25 O 837 T 2047 N 6403 O 13 O 33 V 56 O 325 T 3554 N 12729 N 32949 O 90 V 86 O 614 X 4680 T 1002 O 49 V 114 O 2059 O 41992 V 213 O 401 V 81 D 2904 T 120 X 3773 O 156 V 214 O 157 T 399 O 98 V 136 V 625 O 2138 O 879 V 969 V 107 O 0 V 1740 V 213 O 265 O 938 V 1034 V 43 V 67 V 251 O 15 O 74 T 274 O 92 V 2421 O 10 V 218 V 46 O 5 O 31 O 282 V 612 V 1726 O 137202 V 553 O 55 V 578 O 244 O 10 O 211 V 763 O 131 V 3083 V 62 O 2968 V 2148 O 1612 V 794 C 2552 O 29 T 1115 X 5088 T 994 O 424 C 45 V 266 O 231 V 0 O 3764 C 2427 V 4 T 393 O 247 V 90 O 252 O 1270 O 573 V 2106 O 41 V 15 O 12 V 237 O 5 O 1789 T 12 O 1 N 17374 V 305 O 10 O 27 V 53 O 30 V 282 V 89 O 5 O 27 V 1011 C 384 O 444 O 1134 T 117 O 186 V 55 N 2067 C 0 V 34 O 22 V 1272 C 125 O 61 V 3081 O 153 V 151 V 351 O 124 O 29 V 2289 V 471 O 1119 O 374 V 528 O 0 V 12 C 122 O 60 O 296 T 2487 V 372

0.07 0.35 0.47 0.13 0.14 0.07 0.08 0.13 0.16 0.11 0.15 0.07 0.06 24.00 19.27 0.62 0.51 0.00 0.89 0.93 0.09 0.07 0.02 0.07 1.09 0.87 0.13 0.56 0.15 0.12 0.15 0.15 0.01 0.44 78.03 62.69 0.01 0.18 0.21 0.65 10.07 8.09 38.50 0.55 0.69 0.40 2.59 3.15 0.09 0.11 0.01 0.00 0.46 0.38 1.05 7.81 0.67 0.51 0.27 0.33 0.83 1.07 0.04 0.05 0.75 0.63 0.63 0.77 0.09 0.00 0.15 0.79 0.68 0.28 0.34 0.02 0.20 0.29 0.22 14.00 17.44 0.32 0.37 0.01 0.03 1.07 0.88 4.97 0.07 0.09 0.07 0.00 0.13 0.11 0.32 0.26 0.02 0.18 0.23 0.06 0.08 0.19 1.75 2.20 1.09 1.33 0.79 0.05 2.08 1.65 1.29 1.05 0.93 2.63 2.12 0.00 1.14 1.34 0.07 0.92 0.75 1.70 0.02 0.01 0.12 0.14 0.03 0.04 0.05 0.07 42.12 21.15 2.62 21.55 19.91 0.32 0.27 0.77 0.92 0.04 0.05 0.12 20.55 0.91 1.15 0.89 0.77 0.03 0.09 0.07 2.15 62.53 0.00 0.25 0.08 0.09 0.16 0.16 0.22 0.04 0.04 0.11 0.08 0.12 0.15 0.75 0.61 0.17 0.21 0.00 0.22 0.17 0.13 2.54 3.06 0.39

0.07 0.30 0.38 0.09 0.11 0.06 0.07 0.12 0.15 0.10 0.14 0.06 0.05 0.00 0.00 0.53 0.42 0.00 0.00 0.76 0.08 0.06 0.01 0.06 0.95 0.77 0.08 0.52 0.15 0.10 0.14 0.14 0.00 0.37 74.85 59.67 0.00 0.16 0.20 0.56 9.48 7.56 34.08 0.48 0.57 0.35 2.25 2.83 0.07 0.10 0.01 0.00 0.43 0.34 0.91 6.69 0.00 0.46 0.23 0.29 0.77 0.97 0.04 0.05 0.71 0.56 0.55 0.70 0.08 0.00 0.10 0.70 0.56 0.22 0.27 0.02 0.18 0.27 0.21 13.04 16.38 0.23 0.28 0.01 0.02 1.05 0.84 4.59 0.06 0.08 0.06 0.00 0.12 0.10 0.30 0.23 0.00 0.16 0.20 0.04 0.06 0.16 1.32 1.68 0.93 1.12 0.65 0.00 1.90 1.50 1.16 0.93 0.86 2.32 1.87 0.00 0.81 1.01 0.00 0.80 0.64 1.42 0.00 0.00 0.10 0.12 0.02 0.04 0.05 0.06 38.55 19.75 2.50 0.00 18.75 0.30 0.00 0.69 0.86 0.04 0.05 0.12 18.86 0.71 0.85 0.81 0.64 0.02 0.00 0.07 0.00 54.24 0.00 0.19 0.06 0.07 0.16 0.00 0.14 0.01 0.03 0.09 0.07 0.00 0.13 0.69 0.55 0.15 0.19 0.00 0.21 0.15 0.12 2.34 2.93 0.36

0.07 0.31 0.39 0.11 + 0.12 + 0.06 0.08 unch 0.12 0.15 unch 0.10 0.15 + 0.06 0.05 23.97 19.27 0.55 0.45 0.06 unch 0.78 0.85 + 0.08 0.06 0.02 0.07 + 1.04 unch 0.84 0.12 + 0.55 + 0.15 unch 0.12 + 0.14 unch 0.14 + 0.00 0.40 76.52 + 61.48 0.01 + 0.16 0.21 + 0.57 9.67 + 7.79 37.44 0.55 + 0.68 + 0.39 + 2.29 2.85 0.07 0.10 0.01 + 0.00 0.43 0.34 1.05 + 7.80 + 0.57 0.47 0.23 0.30 unch 0.78 0.98 0.04 + 0.05 + 0.72 0.58 0.58 0.72 0.08 0.05 unch 0.15 + 0.72 0.58 0.25 0.31 0.02 unch 0.20 + 0.28 unch 0.22 + 13.49 16.73 0.23 0.30 0.01 unch 0.03 1.05 unch 0.84 4.79 0.07 0.08 0.06 0.00 0.12 0.10 0.30 0.24 0.02 unch 0.16 0.21 0.05 0.06 unch 0.16 unch 1.51 1.88 0.97 1.20 0.68 0.03 1.99 + 1.60 + 1.19 0.96 0.86 2.40 1.93 0.06 unch 0.84 1.05 0.07 unch 0.82 0.67 1.43 0.01 0.00 0.10 0.12 0.03 + 0.04 unch 0.05 0.06 40.70 + 21.04 + 2.50 21.55 + 19.49 + 0.32 + 0.26 0.75 0.91 0.04 0.05 unch 0.12 unch 20.03 + 0.87 + 1.13 + 0.85 0.70 0.02 0.09 unch 0.07 + 1.95 61.21 + 0.75 unch 0.25 + 0.07 0.08 0.16 unch 0.11 0.15 0.02 + 0.03 0.10 unch 0.08 + 0.11 0.14 0.71 + 0.57 0.15 0.19 0.21 unch 0.22 0.15 0.13 unch 2.43 3.02 + 0.36 -

0.01 0.08 0.05 0.03 1.22 0.30 0.03 0.98 0.38 0.02 0.23 0.06 0.01 0.22 0.08 0.00 0.11 0.02 0.00 0.11 0.03 0.01 0.21 0.07 0.00 0.29 0.10 0.01 0.18 0.06 0.01 0.24 0.09 0.01 0.16 0.05 0.00 0.12 0.04 0.10 26.75 19.98 0.62 20.82 14.78 0.05 0.82 0.15 0.04 0.68 0.11 0.00 0.98 0.55 0.10 3.00 0.55 0.09 0.90 0.31 0.01 0.16 0.06 0.00 0.12 0.05 0.01 0.04 0.01 0.01 0.17 0.06 0.00 1.60 0.80 0.01 1.18 0.62 0.03 0.40 0.08 0.05 1.00 0.44 0.00 0.37 0.11 0.01 0.26 0.08 0.00 0.34 0.11 0.01 0.18 0.06 0.00 0.02 0.00 0.03 1.37 0.25 0.47 117.35 69.14 0.21 89.23 54.66 0.00 0.13 0.00 0.02 0.53 0.16 0.01 0.67 0.19 0.06 0.79 0.41 0.05 15.52 8.89 0.02 11.58 7.02 0.48 44.42 10.43 0.05 0.61 0.24 0.07 0.74 0.27 0.01 1.45 0.13 0.23 3.50 2.16 0.25 4.65 2.83 0.01 0.19 0.06 0.01 0.25 0.08 0.00 0.04 0.00 0.00 0.02 0.00 0.01 0.71 0.23 0.02 0.56 0.18 0.05 1.15 0.13 0.53 7.46 2.63 0.03 1.60 0.57 0.03 1.24 0.45 0.01 0.29 0.14 0.00 0.36 0.20 0.05 1.07 0.40 0.07 1.30 0.56 0.00 0.19 0.01 0.01 0.12 0.04 0.01 1.45 0.52 0.02 1.13 0.36 0.04 0.69 0.12 0.04 0.80 0.16 0.02 0.14 0.05 0.00 0.06 0.02 0.04 0.15 0.01 0.06 0.80 0.11 0.04 0.79 0.08 0.03 0.42 0.07 0.04 0.47 0.10 0.00 0.05 0.01 0.02 0.22 0.08 0.00 0.50 0.10 0.01 0.36 0.09 0.41 16.00 7.16 0.49 19.39 9.63 0.08 0.32 0.08 0.08 0.42 0.09 0.00 0.50 0.00 0.01 0.05 0.01 0.00 1.66 0.61 0.04 21.22 0.44 0.05 5.97 3.83 0.00 0.10 0.02 0.01 0.13 0.04 0.01 0.09 0.03 0.00 0.05 0.00 0.01 0.20 0.04 0.01 0.16 0.03 0.02 0.42 0.25 0.02 0.31 0.19 0.00 0.08 0.01 0.02 0.38 0.16 0.01 0.50 0.20 0.00 0.08 0.02 0.00 0.10 0.03 0.00 0.40 0.15 0.14 3.32 0.15 0.15 4.21 0.81 0.09 2.25 0.13 0.10 2.86 0.18 0.11 0.79 0.13 0.01 0.06 0.01 0.07 5.12 1.76 0.04 3.90 1.42 0.03 1.61 0.41 0.04 1.35 0.30 0.07 0.96 0.12 0.01 4.19 2.20 0.06 3.26 1.80 0.00 0.08 0.04 0.23 1.90 0.71 0.27 2.15 0.30 0.00 0.12 0.02 0.10 1.05 0.38 0.08 0.85 0.28 0.18 2.03 1.18 0.01 0.02 0.00 0.00 0.07 0.00 0.01 0.16 0.03 0.02 0.20 0.05 0.01 0.05 0.01 0.00 0.07 0.02 0.00 0.08 0.03 0.01 0.10 0.05 0.11 49.42 22.94 0.51 24.75 11.47 0.04 2.90 1.75 2.22 38.94 19.33 0.41 38.50 18.18 0.02 0.53 0.27 0.01 0.34 0.23 0.02 1.25 0.43 0.03 1.51 0.54 0.00 0.07 0.03 0.00 0.09 0.04 0.00 0.49 0.12 0.30 27.80 12.48 0.16 0.91 0.33 0.25 1.68 0.38 0.04 1.22 0.17 0.06 1.00 0.12 0.00 0.14 0.01 0.00 0.18 0.08 0.00 0.14 0.06 0.05 2.63 1.00 2.46 62.53 26.97 0.00 0.75 0.08 0.06 0.40 0.11 0.01 0.52 0.06 0.01 0.25 0.05 0.00 0.16 0.16 0.07 0.24 0.02 0.07 0.29 0.02 0.01 0.38 0.00 0.01 0.04 0.02 0.00 0.21 0.07 0.00 0.15 0.06 0.01 0.21 0.01 0.01 0.27 0.02 0.01 0.82 0.08 0.01 0.69 0.06 0.00 0.21 0.04 0.02 0.26 0.06 0.00 0.27 0.13 0.01 0.35 0.15 0.02 0.35 0.04 0.00 0.24 0.10 0.01 2.91 1.50 0.02 3.44 1.90 0.03 0.60 0.13

(100s) Stock

Exc Volume

Week Low

0.28 0.31 1.99 2.03 unch 0.08 0.08 0.10 0.11 4.00 4.41 3.21 3.54 0.14 0.14 + 0.17 0.21 + 0.00 0.61 + 4.76 5.40 + 6.11 6.68 + 0.00 0.31 + 0.38 0.42 + 0.21 0.21 unch 0.24 0.24 1.18 1.18 0.95 0.95 0.03 0.03 unch 0.00 0.24 unch 0.00 0.09 unch 0.03 0.03 unch 0.04 0.05 unch 0.15 0.15 0.12 0.12 0.02 0.03 5.20 5.49 + 0.00 0.17 0.21 0.21 0.00 0.09 + 0.46 0.46 0.56 0.59 + 0.02 0.02 unch 0.17 0.17 unch 0.00 0.22 1.27 1.31 1.58 1.68 + 0.20 0.20 unch 15.69 15.72 12.08 12.66 2.00 2.46 + 2.50 3.03 + 0.85 0.92 + 0.68 0.73 0.29 0.30 0.00 0.24 + 0.42 0.43 0.34 0.34 0.74 0.76 0.92 0.97 0.05 0.07 unch 0.13 0.13 unch 0.16 0.18 + 0.63 0.75 + 0.16 0.16 0.02 0.02 unch 0.10 0.11 0.14 0.14 unch 0.21 0.22 + 0.17 0.18 + 0.60 0.74 + 0.49 0.60 + 0.10 0.11 0.13 0.14 0.04 0.04 unch 0.12 0.12 0.15 0.15 1.02 1.12 1.28 1.37 0.00 0.09 unch 0.06 0.07 0.06 0.06 0.05 0.05 unch 0.07 0.08 + 5.80 7.90 0.10 0.10 + 0.12 0.12 0.27 0.28 0.21 0.23 2.14 2.41 + 0.00 1.89 + 0.04 0.05 0.05 0.06 0.33 0.36 + 0.26 0.29 + 0.01 0.02 + 0.00 0.12 + 0.09 0.09 -

Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res ATAC Res* Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Aton Resources* Aton Resources Augusta Gold* Augusta Gold AUQ Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res* Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austral Gold* Austral Gold AUX Resources AUX Resources* Auxico Res Auxico Res* Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc* Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

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

184 230 360 813 605 180 235 257 1 95 350 26 336 50 70 793 1500 50 0 0 98 563 358 345 5464 9 3 91 40 95 69 47 4 9 60 124 5 113 64 51 132 578 1066 369 24 95 25 85 259 38 160 390 240 58 77 54 50 125 49 1139 352 1145 1358 10 15 502 3986 335 13 62 157 30 468 118 21 123 1242 631 754 55 4901 12332 641 74 809 130 84

0.31 2.29 0.10 0.12 4.94 4.00 0.16 0.21 0.61 5.69 7.00 0.31 0.42 0.22 0.25 1.28 1.07 0.03 0.00 0.00 0.04 0.05 0.16 0.13 0.03 5.60 0.17 0.24 0.09 0.49 0.60 0.02 0.17 0.22 1.35 1.79 0.20 16.96 13.74 2.46 3.07 0.94 0.77 0.33 0.24 0.49 0.40 0.82 1.03 0.07 0.13 0.19 0.80 0.19 0.02 0.12 0.15 0.23 0.18 0.74 0.60 0.13 0.16 0.04 0.14 0.17 1.19 1.46 0.09 0.07 0.07 0.05 0.08 8.50 0.12 0.17 0.30 0.24 2.49 1.98 0.06 0.07 0.41 0.32 0.05 0.12 0.10

B2Gold Corp* B2Gold Corp Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barker Min* Barksdale Res* Barksdale Res Baroyeca Gold* Baroyeca Gold Barrick Gold Barrick Gold* Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res* BCM Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals BeMetals * Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Dragon* Black Hills* Black Iron* Black Iron Black Mammoth Black Mountain Black Tusk Res* Black Tusk Res Blackrock Silv* Blackrock Silv Blackwolf Cop Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon* Blue Moon Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt BlueBird Batt* Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold*

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

45370 16049 298 870 392 937 1205 2840 1141 154 51 181 600 6 403 12293 65264 41 108 521 298 422 286 138 200 46 86 1294 877 0 107 373 365 206 3 233 443 704 196 105 11 1484 446 2360 296 20 73 300 711 76 275 329 13 289 35 71 388 143 10 1200 53 523 24 63 93 1257 1523 729 128 61 58 947 2058 2128 84 495 2145 433 644 646 59 286 114 19 400 181 46 47 25

4.32 5.34 0.17 0.07 0.22 0.24 0.22 0.14 0.31 0.25 0.02 0.42 0.51 0.24 0.30 26.71 21.41 0.56 0.75 0.08 0.07 0.49 0.60 0.12 0.09 0.13 0.85 0.16 0.19 0.00 0.16 0.21 1.68 1.40 0.25 0.19 0.15 0.19 0.22 0.17 0.05 0.07 0.63 0.51 0.40 0.31 0.95 1.20 0.45 0.36 0.18 0.22 0.67 0.85 0.07 0.14 0.12 0.15 0.04 66.75 0.38 0.47 0.17 0.50 0.03 0.04 0.87 1.06 1.31 1.12 0.11 0.01 0.73 0.59 0.05 0.06 0.02 0.02 0.19 0.22 0.79 0.05 0.12 0.10 0.19 1.70 1.37 0.22 0.18

Last

12-month

High

Change

Stock

0.00 0.00 0.01 0.01 0.52 0.46 0.01 0.03 0.01 0.30 0.42 0.04 0.05 0.00 0.02 0.06 0.06 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.08 0.01 0.02 0.01 0.01 0.02 0.00 0.00 0.03 0.03 0.01 0.00 0.97 0.88 0.45 0.55 0.01 0.01 0.02 0.01 0.03 0.04 0.06 0.04 0.00 0.00 0.02 0.05 0.03 0.00 0.00 0.00 0.01 0.00 0.13 0.10 0.02 0.01 0.00 0.01 0.02 0.03 0.04 0.00 0.00 0.01 0.00 0.01 0.18 0.00 0.01 0.01 0.00 0.24 0.11 0.01 0.01 0.01 0.02 0.01 0.01 0.01

0.50 3.29 0.15 0.18 5.55 4.53 0.33 0.41 0.97 5.96 7.64 0.36 0.53 0.55 0.34 1.63 1.33 0.08 0.64 0.09 0.09 0.12 0.40 0.30 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.08 0.40 0.45 2.79 3.60 0.44 18.30 18.11 4.31 5.75 1.25 0.99 0.33 0.25 1.35 0.51 1.28 1.68 0.10 0.14 0.22 1.00 1.01 0.04 0.69 0.38 0.53 0.39 0.89 1.22 0.25 0.36 0.05 0.40 0.48 2.82 3.60 0.20 0.16 0.22 0.11 0.16 8.50 0.12 0.17 0.36 0.30 2.80 2.07 0.14 0.18 0.70 0.53 0.05 0.27 0.20

0.10 1.91 0.08 0.11 0.55 0.46 0.10 0.14 0.48 2.70 3.68 0.05 0.06 0.06 0.08 0.84 0.67 0.02 0.17 0.02 0.03 0.04 0.15 0.12 0.00 2.50 0.08 0.11 0.03 0.23 0.32 0.00 0.00 0.21 0.66 0.96 0.18 11.30 8.40 1.78 2.22 0.48 0.35 0.04 0.03 0.40 0.34 0.43 0.78 0.03 0.13 0.04 0.13 0.01 0.01 0.05 0.13 0.17 0.13 0.06 0.00 0.10 0.05 0.02 0.11 0.15 0.73 0.98 0.06 0.06 0.05 0.04 0.05 0.99 0.04 0.06 0.16 0.11 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.11 0.09

Bold Ventures* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals* Boreal Metals Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold Bravada Gold* Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals Brixton Metals* Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buccaneer Gold Buenaventura* Buffalo Coal Buffalo Coal * Bullet Explor Bullion Gold* Bunker Hill Bushveld Min* BWR Explor

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

0.13 0.14 0.00 0.01 0.03 0.05 0.04 0.00 0.01 0.02 0.00 0.05 0.06 0.05 0.10 0.68 0.34 0.00 0.05 0.00 0.01 0.03 0.04 0.01 0.01 0.00 0.06 0.00 0.01 0.00 0.02 0.01 0.02 0.02 0.00 0.01 0.02 0.01 0.02 0.00 0.00 0.00 0.03 0.03 0.03 0.01 0.05 0.04 0.05 0.02 0.02 0.03 0.01 0.04 0.00 0.01 0.01 0.01 0.00 0.89 0.01 0.02 0.05 0.08 0.00 0.01 0.06 0.07 0.08 0.13 0.01 0.00 0.11 0.08 0.00 0.01 0.01 0.00 0.01 0.01 0.02 0.01 0.00 0.00 0.01 0.15 0.13 0.03 0.02

7.55 9.99 0.17 0.16 0.44 0.71 1.12 0.19 0.39 0.90 0.11 0.57 0.70 0.31 0.42 41.09 31.22 0.66 0.82 0.24 0.21 1.15 1.19 0.16 0.13 0.26 0.90 0.25 0.26 0.09 0.22 0.30 4.17 3.04 0.60 0.34 0.25 0.44 0.45 0.32 0.15 0.11 1.44 1.10 0.57 0.42 1.36 1.64 0.48 0.52 0.37 0.30 1.10 1.40 0.10 0.26 0.19 0.25 0.10 71.34 0.62 0.76 0.26 0.75 0.08 0.10 1.22 1.61 1.51 1.75 0.27 0.05 0.98 0.80 0.08 0.09 0.03 0.02 0.26 0.33 1.60 0.15 0.40 0.26 0.20 2.43 1.84 1.05 0.65

3.96 4.96 0.13 0.06 0.06 0.08 0.06 0.02 0.17 0.10 0.00 0.25 0.34 0.08 0.07 23.63 18.64 0.31 0.42 0.07 0.06 0.23 0.30 0.09 0.06 0.06 0.50 0.06 0.08 0.04 0.04 0.05 1.48 1.18 0.10 0.10 0.06 0.10 0.11 0.08 0.05 0.05 0.57 0.45 0.34 0.20 0.40 0.54 0.37 0.09 0.10 0.13 0.27 0.34 0.04 0.04 0.03 0.04 0.02 51.97 0.07 0.10 0.05 0.35 0.02 0.03 0.25 0.34 0.75 0.00 0.05 0.00 0.43 0.28 0.01 0.02 0.01 0.00 0.06 0.09 0.55 0.04 0.10 0.08 0.09 1.50 1.21 0.18 0.15

C2C Gold* C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor* Cadence Min* Cadillac Vent* Cadillac Vent Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap California Gld California Gld* Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One Canada One* Canada Rare* Canada Rare Canada Silver* Canada Silver Canadian Metal* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv Canagold Res Canagold Res* CanAlaska Uran* CanAlaska Uran Canamex Gold* Canasil Res Candelaria Mg Candelaria Mg* Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng* CaNickel Mng Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev Cantex Mn Dev* Canuc Res Canuc Res* Capella Min* Capella Min Capitan Mining Capitan Mining* Capricorn Met* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining Cdn Goldcamps CDN Maverick* Cdn Palladium Cdn Palladium* CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Century Cobalt* Century Global* Century Global Cerrado Gold* Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Churchill Res Clarity Gold Clarity Gold* Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleveland-Clif* Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CNRP Mng Cobalt Block* Cobalt Block

B 3.96 4.08 4.96 5.06 0.17 0.17 unch 0.06 0.07 + 0.15 0.20 + 0.20 0.21 0.16 0.17 0.12 0.13 0.29 0.30 + 0.22 0.24 + 0.00 0.02 0.31 0.36 0.39 0.45 0.18 0.24 + 0.20 0.30 + 25.67 26.32 + 20.57 21.13 + 0.52 0.56 0.62 0.75 + 0.08 0.08 unch 0.06 0.06 0.42 0.45 0.53 0.55 0.11 0.12 + 0.09 0.09 0.12 0.13 unch 0.77 0.79 0.13 0.15 + 0.17 0.19 + 0.00 0.08 unch 0.13 0.14 0.16 0.19 1.48 1.58 1.17 1.27 0.25 0.25 unch 0.14 0.17 0.11 0.13 0.17 0.18 0.19 0.19 0.00 0.17 + 0.05 0.05 0.06 0.06 unch 0.56 0.57 0.45 0.45 0.37 0.37 0.30 0.30 0.88 0.90 1.09 1.12 0.39 0.39 0.31 0.31 0.14 0.16 0.18 0.18 0.63 0.64 + 0.78 0.78 0.06 0.07 unch 0.00 0.14 0.10 0.11 0.00 0.13 0.04 0.04 unch 64.26 66.66 + 0.34 0.36 0.43 0.43 0.12 0.17 + 0.00 0.45 0.02 0.02 0.03 0.03 0.72 0.77 0.91 0.96 1.04 1.19 0.84 0.91 0.10 0.10 0.01 0.01 0.62 0.73 + 0.49 0.58 + 0.00 0.04 + 0.05 0.06 + 0.02 0.02 + 0.00 0.02 unch 0.15 0.15 0.19 0.20 0.73 0.73 + 0.05 0.05 0.11 0.11 unch 0.08 0.10 unch 0.15 0.15 1.53 1.53 1.22 1.24 0.00 0.19 0.16 0.16 -

(100s)

High Low

Exc Volume

Week High

Low

Last

4 118 5 4 7536 1352 204 139 152 14184 75 57 462 158 365 1048 26 40829 408 235 1844 581 608 497 271 48 31 583 5 2784 271 526 43 2 305 18 150

0.07 0.09 0.33 0.37 0.01 0.09 1.45 0.07 0.25 0.00 0.00 0.04 0.08 0.07 0.09 0.11 0.13 0.01 0.08 0.10 0.12 0.01 0.18 0.15 0.18 0.02 0.12 0.14 0.08 9.18 0.03 0.02 0.13 0.08 0.28 0.22 0.04

0.07 0.08 0.29 0.37 0.01 0.07 1.32 0.07 0.20 0.00 0.00 0.00 0.08 0.06 0.08 0.10 0.13 0.01 0.07 0.09 0.07 0.01 0.16 0.13 0.17 0.00 0.09 0.00 0.08 8.35 0.02 0.01 0.13 0.07 0.26 0.18 0.04

0.07 0.08 0.30 0.37 0.01 0.08 1.33 0.07 0.21 0.00 0.03 0.04 0.08 0.06 0.08 0.10 0.13 0.01 0.07 0.09 0.09 0.01 0.17 0.13 0.18 0.02 0.10 0.14 0.08 8.59 0.03 0.02 0.13 0.08 0.28 0.22 0.04

O 254 O 18 V 4824 O 162 V 1786 O 237 O 3 O 80 V 206 X 768 T 1611 O 416 V 37 C 278 O 311 O 95 V 73 N 17408 T 4160 V 194 O 62 O 93 V 149 O 24 V 835 O 137 V 30 O 21 O 432 V 258 O 406 V 701 O 0 C 51 O 10 V 28 V 124 T 529 O 310 O 619 V 492 O 75 V 253 V 21 O 15 T 192 O 24 V 44 O 221 V 850 O 0 V 53 V 0 O 2 O 476 V 3471 O 123 V 390 V 83 O 62 V 223 O 101 O 227 V 1295 V 691 O 148 O 1 T 3961 O 939 V 1202 V 41 V 6 O 24 C 1970 C 203 O 215 V 325 V 114 O 171 C 845 V 160 V 403 V 370 C 2014 O 96 C 0 C 396 O 13 C 1259 O 556 O 585 T 88 O 6 T 3507 V 146 O 5 V 65 O 15 O 5 T 36 O 170 V 566 O 52 C 222 O 3 C 22 O 507 V 742 V 488 O 323 O 8 O 19 V 176 O 60 T 1034 V 36 O 22 V 104 N 42102 V 126 O 3 V 1076 O 5 T 58 V 38 C 315 O 186 C 5 V 809 O 30 V 600 N 111828 O 18 V 2 O 522 V 2458 C 668 O 704 V 650

0.39 0.14 0.20 0.44 0.54 0.05 0.45 0.01 0.03 13.43 1.74 1.41 0.17 0.15 0.11 3.80 4.60 19.65 24.02 0.17 0.14 0.03 0.12 0.14 3.85 3.09 0.08 0.06 0.08 0.09 0.33 0.42 0.24 0.30 0.31 0.37 0.09 0.55 0.44 0.47 0.58 0.03 0.14 0.56 0.46 0.14 0.06 0.07 0.12 0.16 0.00 0.20 0.00 0.13 0.41 0.53 0.33 0.42 0.54 0.42 0.21 0.16 0.09 0.11 0.35 0.28 1.48 5.52 0.06 0.08 0.08 0.05 0.08 0.03 0.15 0.22 0.27 0.28 0.22 0.10 0.04 0.52 0.02 0.05 0.04 0.00 0.05 0.24 0.14 0.12 0.04 1.86 0.03 10.13 0.28 0.21 0.07 0.04 0.27 0.36 1.05 1.44 0.24 0.30 0.02 0.02 0.18 0.22 0.37 0.29 6.01 0.07 0.09 4.99 6.18 0.10 3.48 4.24 106.40 0.27 0.22 0.19 0.15 3.34 0.20 0.79 0.65 0.40 0.33 0.39 0.11 22.60 0.21 0.00 0.12 0.15 0.32 0.05 0.06

12-month Change

Coeur Mng* Colibri Res* Colibri Res Colombia Crest* Colombia Crest Colonial Coal Comet Inds Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Conquest Res Conquest Res * Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals Corvus Gold Corvus Gold* Crest Resource Crest Resource* Crestview Expl Cresval Cap Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt CTGX Mining* Currie Rose Rs Cyntar Venture Cyon Explor* Cyon Explor Cypress Dev* Cypress Dev

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

13869 917 700 22 153 782 2 454 96 246 223 71 3928 29 17 17 38 240 397 350 27 575 1573 11949 3 7 33 370 271 179 83 186 395 321 588 3454 429 521 393 20 4 560 33 11 39 59 651 237 196 586 100 234 15 225 717 1 778 397 150 260 1116 0 120 245 210 2191 510 391

9.23 0.11 0.14 0.11 0.16 0.76 2.85 0.20 0.16 0.27 0.22 0.20 3.54 0.10 0.08 0.69 0.88 0.17 0.21 0.13 0.11 0.20 18.94 13.91 0.21 0.25 0.08 0.09 0.08 1.00 0.81 0.38 0.47 0.04 3.05 3.80 0.06 0.46 0.37 0.73 0.90 0.14 4.14 3.35 0.36 0.45 0.15 3.52 2.82 0.15 0.13 0.47 0.04 1.18 1.45 0.18 0.20 0.19 0.16 0.09 0.11 0.10 0.04 0.97 0.05 0.06 0.80 0.97

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res Deep-South Res* DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng* Diamcor Mng Diamond Disc* Diamond Fields Diamond Fields* Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop* District Cop District Metal* District Metal District Mines 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 Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains East Africa East Africa * EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl Edgewater Expl* Edison Cobalt* Edison Cobalt EEE Explor El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Eloro Res Eloro Res* Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Eminent Gold* EMX Royalty* EMX Royalty Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng

611 O 256 V 27 O 1315 V 119 O 557 V 12 O 5909 V 1419 O 1419 C 537 O 563 V 609 V 1025 O 50 V 215 V 7109 T X 31876 1 O 456 V 355 V 1467 O 252 O 230 V 451 O 153 V 151 O 199 V 190 O 428 V O 137248 1852 V 1188 O 4 V 424 O 210 V 174 O 657 V 105 V 30 O 0 O 63 V 102 O 95 O 670 O 561 V 241 V 1830 V 1523 O 910 N 1421 T 28 O 83 V 226 V 102 T 15 O 1 O 101 V 91 O 222 V 276 O 524 V 273 O 1757 C 25 O 142 V 156 V 377 V 1 O 1 V 90 O 118 T 99 V 75 O 13 C 6 O 215 C 85 V 20 O 40 O 350 V 126 C 1637 O 0 O 159 V 149 V 100 O 5992 N 1479 T 4 O 747 V 292 O 1290 V 1838 O 59 V 9 O V 12386 1262 O 1108 V 156 O 39 V 0 O 521 X 24 V 5 O 7 V 1750 V 2945 T

0.08 0.09 0.07 0.09 0.42 0.05 0.05 0.06 0.05 0.10 0.22 0.28 0.79 0.63 0.07 0.49 1.55 1.25 0.13 0.16 4.40 0.06 0.27 0.33 0.00 0.30 0.23 0.11 0.09 0.10 0.01 2.27 1.84 0.10 0.02 0.03 0.28 0.35 0.28 0.00 0.00 0.27 0.02 0.13 0.51 0.63 0.92 0.73 0.60 10.97 7.71 0.06 0.07 0.11 2.62 2.08 0.89 0.21 0.17 0.15 1.54 1.95 1.16 1.45 0.11 0.14 0.19 0.25 0.21 0.17 0.28 0.35 0.10 0.09 0.15 0.11 0.19 0.22 0.19 0.11 0.13 0.24 0.01 0.00 0.05 0.07 0.06 10.34 12.88 0.45 4.58 3.60 1.34 1.10 0.85 0.69 2.00 1.54 0.06 0.05 0.88 0.00 3.14 3.87 0.05 0.06 1.38 28.48

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

0.00 0.01 0.03 0.01 0.00 0.01 0.10 0.00 0.03 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.02 0.01 0.00 0.32 0.01 0.01 0.00 0.01 0.00 0.02 0.00

0.11 0.16 0.53 0.70 0.04 0.43 1.62 0.30 0.42 0.01 0.08 0.09 0.25 0.19 0.13 0.17 0.55 0.10 0.45 0.62 0.13 0.04 0.57 0.42 0.28 0.04 0.20 0.27 0.14 14.32 0.04 0.03 0.45 0.19 0.80 0.60 0.08

0.03 0.04 0.06 0.09 0.00 0.07 0.79 0.18 0.17 0.00 0.02 0.03 0.08 0.06 0.05 0.07 0.05 0.00 0.07 0.09 0.01 0.00 0.16 0.13 0.11 0.01 0.08 0.11 0.05 8.35 0.01 0.00 0.13 0.06 0.26 0.00 0.02

0.32 0.13 unch 0.20 + 0.38 0.48 0.04 unch 0.45 unch 0.01 0.02 12.32 + 1.66 1.33 0.17 unch 0.13 0.10 3.25 3.98 18.33 22.79 0.16 unch 0.13 + 0.03 + 0.12 unch 0.10 + 3.50 2.82 0.08 0.05 0.06 0.08 0.32 0.39 0.24 unch 0.26 unch 0.31 + 0.35 0.08 0.52 unch 0.42 0.43 0.54 0.02 0.12 0.52 0.46 unch 0.12 0.06 + 0.06 0.11 0.14 + 0.11 unch 0.16 0.15 unch 0.13 0.36 + 0.45 + 0.32 0.40 unch 0.49 0.40 0.20 + 0.16 + 0.07 0.10 0.29 0.25 1.48 unch 5.37 unch 0.05 0.07 0.07 0.04 unch 0.08 + 0.03 unch 0.13 unch 0.20 0.24 0.27 0.22 unch 0.07 0.04 + 0.48 0.02 unch 0.04 unch 0.03 + 0.41 unch 0.05 + 0.24 unch 0.13 0.11 0.04 + 1.79 unch 0.03 unch 9.53 0.23 0.21 unch 0.06 0.04 0.27 unch 0.34 + 1.05 unch 1.35 0.24 + 0.29 unch 0.02 unch 0.02 0.16 0.20 0.35 + 0.26 5.74 + 0.07 0.08 4.86 6.05 0.10 unch 3.32 4.14 104.07 0.26 unch 0.20 0.17 0.14 3.28 unch 0.20 + 0.71 0.57 0.39 0.28 0.21 + 0.10 22.56 + 0.20 0.07 unch 0.10 0.13 0.31 unch 0.04 0.05 -

0.07 0.00 0.02 0.06 0.06 0.00 0.00 0.01 0.01 0.40 0.05 0.06 0.00 0.01 0.01 0.44 0.62 0.82 0.81 0.00 0.00 0.01 0.00 0.00 0.07 0.09 0.01 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.02 0.02 0.01 0.00 0.00 0.02 0.03 0.01 0.03 0.05 0.00 0.01 0.02 0.01 0.00 0.01 0.00 0.04 0.00 0.02 0.05 0.06 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.01 0.02 0.03 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.02 0.03 0.01 0.00 0.02 0.01 0.03 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.10 0.03 0.00 0.01 0.00 0.00 0.03 0.00 0.04 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.54 0.00 0.01 0.10 0.10 0.00 0.06 0.11 2.00 0.00 0.01 0.02 0.02 0.00 0.02 0.08 0.06 0.01 0.02 0.01 0.01 0.19 0.01 0.00 0.00 0.01 0.00 0.00 0.01

0.48 0.16 0.20 0.70 0.88 2.08 0.47 0.04 0.06 29.39 2.80 2.40 0.21 0.30 0.23 5.26 6.50 21.95 26.62 0.30 0.22 0.10 0.37 0.26 4.54 3.68 0.12 0.09 0.18 0.22 0.60 0.77 0.30 0.45 0.31 0.48 0.16 0.95 0.78 0.68 0.84 0.07 0.26 0.68 0.52 0.27 0.08 0.11 0.23 0.31 0.22 0.31 0.26 0.15 0.47 0.53 0.37 0.50 1.76 1.29 0.40 0.32 0.10 0.12 0.50 2.00 1.48 6.64 0.09 0.11 0.10 0.07 0.33 0.10 0.19 0.31 0.37 0.35 0.27 0.20 0.06 1.20 0.04 0.10 0.15 0.50 0.55 1.00 0.19 0.16 0.15 4.04 0.10 19.59 0.43 0.34 0.10 0.15 0.34 0.40 2.00 1.76 0.35 0.49 0.05 0.06 0.49 0.62 0.80 0.61 7.21 0.15 0.25 5.74 6.89 0.20 5.75 7.61 113.11 0.46 0.36 0.55 0.40 4.47 0.26 1.82 1.48 1.11 0.49 0.31 0.15 24.77 0.35 0.07 0.21 0.27 0.82 0.14 0.17

0.05 0.03 0.05 0.16 0.21 0.01 0.11 0.01 0.02 11.72 1.36 0.92 0.15 0.09 0.07 0.74 1.01 9.01 11.84 0.09 0.07 0.01 0.12 0.00 0.89 0.67 0.04 0.03 0.03 0.05 0.28 0.35 0.05 0.06 0.12 0.14 0.05 0.10 0.31 0.11 0.15 0.01 0.09 0.23 0.19 0.08 0.02 0.04 0.08 0.10 0.06 0.06 0.13 0.00 0.05 0.06 0.12 0.15 0.46 0.38 0.07 0.07 0.04 0.05 0.21 0.11 1.48 0.85 0.02 0.03 0.06 0.03 0.08 0.02 0.07 0.14 0.22 0.08 0.06 0.08 0.03 0.40 0.01 0.02 0.00 0.10 0.04 0.07 0.08 0.06 0.01 1.72 0.01 8.21 0.16 0.13 0.04 0.01 0.07 0.08 0.79 0.93 0.22 0.27 0.00 0.01 0.08 0.09 0.28 0.22 0.70 0.07 0.08 1.89 2.45 0.06 3.01 3.85 65.16 0.11 0.09 0.08 0.01 0.89 0.18 0.40 0.54 0.35 0.27 0.14 0.07 4.92 0.10 0.03 0.06 0.08 0.21 0.02 0.04

Exc Volume

Week

Stock

C 0.31 0.00 0.18 0.37 0.47 0.03 0.45 0.00 0.00 11.72 1.58 1.27 0.16 0.13 0.00 3.18 3.89 17.83 22.40 0.16 0.13 0.03 0.12 0.00 3.36 2.68 0.08 0.05 0.06 0.08 0.31 0.39 0.24 0.26 0.29 0.35 0.08 0.50 0.40 0.39 0.51 0.01 0.12 0.52 0.46 0.12 0.04 0.06 0.11 0.13 0.00 0.14 0.00 0.13 0.30 0.36 0.29 0.36 0.00 0.40 0.19 0.14 0.00 0.08 0.29 0.23 1.48 4.96 0.05 0.06 0.07 0.00 0.08 0.02 0.13 0.19 0.24 0.27 0.22 0.07 0.03 0.46 0.02 0.00 0.01 0.00 0.04 0.24 0.13 0.10 0.04 1.75 0.00 9.22 0.23 0.21 0.06 0.02 0.27 0.30 1.03 1.24 0.23 0.28 0.00 0.00 0.15 0.19 0.32 0.25 5.20 0.07 0.08 4.64 5.81 0.00 3.19 4.05 101.22 0.25 0.20 0.17 0.00 3.21 0.18 0.68 0.55 0.39 0.28 0.20 0.00 20.01 0.18 0.00 0.09 0.12 0.30 0.04 0.05

(100s)

High Low

High

Low

Last

12-month Change

8.11 8.53 + 0.10 0.11 + 0.12 0.13 + 0.11 0.11 0.14 0.14 + 0.62 0.74 2.85 2.85 unch 0.00 0.20 0.14 0.14 0.25 0.25 0.20 0.21 0.19 0.20 unch 2.99 3.14 0.10 0.10 unch + 0.08 0.08 + 0.00 0.67 0.82 0.82 0.13 0.13 0.17 0.17 0.11 0.12 0.09 0.09 + 0.17 0.19 + 16.15 18.83 + 12.89 13.83 0.19 0.19 0.00 0.25 unch 0.07 0.07 0.09 0.09 unch + 0.04 0.07 0.85 0.99 + 0.00 0.81 + 0.32 0.35 0.41 0.43 0.04 0.04 unch + 2.75 3.02 + 3.46 3.77 + 0.05 0.05 0.39 0.40 0.31 0.32 + 0.67 0.73 + 0.00 0.90 0.12 0.12 3.92 3.92 3.10 3.15 0.00 0.33 + 0.38 0.45 0.12 0.14 unch 3.25 3.32 2.59 2.67 0.13 0.15 unch 0.11 0.12 unch 0.38 0.42 unch 0.03 0.03 + 1.03 1.15 + 1.29 1.43 + 0.16 0.16 + 0.16 0.20 + 0.16 0.18 0.13 0.14 0.07 0.08 0.10 0.10 + 0.00 0.10 0.00 0.04 unch + 0.87 0.94 0.05 0.05 unch 0.05 0.06 unch 0.73 0.75 0.92 0.94

High Low

0.38 0.01 0.01 0.00 0.03 0.11 0.00 0.01 0.01 0.01 0.00 0.00 0.24 0.00 0.00 0.02 0.05 0.01 0.01 0.02 0.02 0.02 0.84 0.32 0.00 0.00 0.01 0.00 0.00 0.01 0.04 0.00 0.01 0.00 0.07 0.13 0.00 0.05 0.05 0.05 0.03 0.03 0.17 0.17 0.03 0.01 0.00 0.08 0.10 0.00 0.00 0.00 0.01 0.09 0.13 0.01 0.04 0.01 0.03 0.00 0.01 0.00 0.00 0.04 0.00 0.00 0.02 0.01

12.60 0.16 0.17 0.35 0.44 0.94 3.25 0.32 0.21 0.50 0.39 0.32 9.85 0.14 0.17 2.00 1.40 0.50 0.44 0.36 0.26 0.30 19.27 15.89 0.27 0.35 0.20 0.28 0.25 1.19 0.89 0.53 0.66 0.07 4.20 5.07 0.60 0.82 0.65 1.70 2.21 0.20 6.53 5.00 0.40 0.51 0.35 4.26 3.29 0.29 0.25 2.53 0.16 1.52 1.79 1.22 0.50 0.36 0.29 0.14 0.18 0.20 0.06 0.97 0.17 0.38 2.00 2.45

5.20 0.04 0.05 0.09 0.11 0.50 2.00 0.09 0.06 0.20 0.15 0.17 0.57 0.07 0.01 0.03 0.55 0.00 0.17 0.08 0.09 0.08 3.66 7.97 0.11 0.16 0.06 0.09 0.01 0.11 0.11 0.07 0.10 0.02 0.48 0.64 0.04 0.16 0.12 0.65 0.86 0.07 3.40 2.23 0.12 0.16 0.12 2.17 1.71 0.06 0.07 0.29 0.02 0.21 0.28 0.01 0.15 0.05 0.04 0.03 0.04 0.00 0.04 0.17 0.05 0.05 0.21 0.29

0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.02 0.03 0.02 0.12 0.10 0.00 0.06 0.11 0.10 0.01 0.01 0.59 0.01 0.04 0.05 0.00 0.01 0.01 0.02 0.01 0.01 0.00 0.20 0.16 0.02 0.00 0.00 0.01 0.03 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.00 0.05 0.00 0.00 0.27 0.08 0.00 0.01 0.01 0.01 0.02 0.01 0.03 0.01 0.01 0.15 0.15 0.05 0.08 0.03 0.04 0.01 0.01 0.05 0.00 0.00 0.02 0.00 0.00 0.03 0.04 0.02 0.01 0.00 0.02 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.24 0.17 0.04 0.37 0.30 0.05 0.05 0.02 0.01 0.35 0.23 0.01 0.00 0.07 0.00 0.04 0.12 0.01 0.00 0.15 0.51

0.16 0.20 0.16 0.20 0.47 0.12 0.09 0.30 0.23 0.11 0.59 0.75 1.07 0.91 0.26 0.69 2.29 1.81 0.26 0.35 4.59 0.05 0.27 0.35 0.01 1.25 1.00 0.21 0.13 0.16 0.04 2.84 2.23 0.12 0.04 0.05 0.55 0.59 0.40 0.02 0.03 0.41 0.09 0.51 0.91 1.17 1.33 0.91 0.80 18.05 10.73 0.13 0.18 0.16 2.98 2.49 1.10 0.35 0.20 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.58 0.39 0.17 0.43 0.57 0.10 0.09 0.20 0.15 0.31 0.27 0.20 0.42 0.25 0.24 0.02 0.05 0.07 0.19 0.16 14.49 18.90 0.48 5.88 4.65 2.00 1.50 0.85 0.74 2.00 1.54 0.16 0.12 1.05 0.87 3.81 4.83 0.10 0.12 1.63 39.21

0.03 0.04 0.03 0.04 0.22 0.04 0.02 0.04 0.03 0.02 0.10 0.14 0.26 0.18 0.06 0.42 0.41 0.30 0.09 0.12 0.56 0.01 0.05 0.06 0.00 0.09 0.06 0.06 0.03 0.05 0.00 1.01 1.55 0.06 0.01 0.01 0.21 0.27 0.12 0.00 0.00 0.17 0.00 0.03 0.43 0.55 0.57 0.20 0.06 8.73 7.22 0.05 0.06 0.07 1.64 1.26 0.45 0.07 0.05 0.10 0.20 0.26 0.07 0.05 0.02 0.04 0.13 0.11 0.10 0.09 0.23 0.30 0.04 0.03 0.05 0.03 0.10 0.12 0.09 0.09 0.03 0.17 0.00 0.01 0.03 0.03 0.02 9.55 11.97 0.32 0.95 0.73 0.78 0.61 0.32 0.23 0.13 0.05 0.06 0.04 0.24 0.47 2.46 3.33 0.02 0.02 0.27 23.12

D-F + 0.06 0.07 + 0.00 0.08 0.07 0.07 0.07 0.08 0.33 0.37 0.05 0.05 0.04 0.04 unch + 0.04 0.05 + 0.03 0.04 + 0.08 0.10 0.18 0.19 0.23 0.24 0.61 0.63 0.49 0.50 0.00 0.07 unch 0.43 0.44 1.34 1.40 1.06 1.13 0.00 0.12 0.14 0.14 + 3.44 4.34 + 0.03 0.04 0.23 0.23 0.28 0.28 + 0.00 0.00 0.23 0.25 0.17 0.20 0.10 0.10 0.08 0.08 0.09 0.09 + 0.01 0.01 1.90 1.99 1.52 1.61 0.10 0.10 0.02 0.02 0.02 0.03 unch 0.23 0.27 0.29 0.32 0.24 0.24 unch 0.00 0.00 unch 0.00 0.00 unch 0.25 0.26 unch 0.01 0.01 unch + 0.09 0.13 0.43 0.47 0.55 0.61 unch + 0.85 0.90 0.70 0.72 unch 0.57 0.59 unch 10.19 10.38 + 7.35 7.62 + 0.06 0.06 + 0.00 0.07 0.10 0.10 2.50 2.52 2.00 2.03 0.00 0.89 + 0.19 0.21 + 0.16 0.17 + 0.14 0.14 1.31 1.39 1.60 1.75 + 1.01 1.15 + 1.26 1.45 0.08 0.08 0.10 0.10 0.17 0.17 0.24 0.25 0.00 0.21 0.17 0.17 unch 0.26 0.27 + 0.32 0.35 0.00 0.10 unch 0.07 0.08 0.00 0.14 + 0.08 0.11 0.18 0.18 0.21 0.21 0.19 0.19 unch 0.09 0.09 0.11 0.12 0.21 0.22 0.01 0.01 0.00 0.04 unch 0.05 0.05 unch 0.06 0.06 0.04 0.05 9.55 9.88 11.97 12.30 0.41 0.41 3.75 4.00 2.98 3.26 1.25 1.29 0.99 1.04 0.82 0.82 0.66 0.67 1.27 1.50 1.02 1.22 0.06 0.06 0.05 0.05 + 0.81 0.88 0.00 0.74 unch 2.92 3.06 3.61 3.70 0.04 0.04 0.06 0.06 unch 1.18 1.21 + 27.40 28.04

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

Week High

Low 6.88 5.48 0.25 0.29 0.22 0.17 6.52 5.20 0.06 0.05 0.04 0.03 0.73 0.92 6.66 8.36 0.08 0.09 0.16 0.13 0.35 0.28 0.09 0.12 24.58 19.57 0.00 0.10 0.10 1.77 2.22 0.15 0.12 0.24 0.30 0.25 0.31 0.46 0.38 0.34 0.27 0.06 0.05 0.00 0.00 0.09 0.23 0.18 0.00 0.08 0.00 0.03 0.35 2.42 1.93 0.43 0.53 0.13 0.94 7.02 9.10 0.10 0.13 0.42 0.00 0.11 0.08 0.10 0.11 0.14 0.46 0.18 0.22 0.00 0.00 9.54 7.72 0.10 0.09 0.87 1.09 0.27 0.21 0.14 0.20 0.55 0.70 0.23 0.29 0.21 0.17 17.76 14.16 0.47 0.37 0.40 27.12 0.00 0.06 0.11 0.09 0.42 0.53 0.05 0.00 0.00 0.09 0.06 0.00 0.08 0.06 0.16 0.15 1.78 2.21 0.70 0.00 0.00 6.35 5.07 0.68 0.00 0.10 0.13 0.13 0.27 0.34 1.12 0.00 0.58 0.47 0.51 0.00 0.51 143.82 180.28 0.02 0.59 0.33 0.26 33.57 0.21 0.03 10.96 0.78 0.03 0.11 0.10 1.38 1.10 0.06 0.08

Endeavr Silver Endeavr Silver* Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engineer Gold* Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold 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 Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res Excellon Res* Excelsior Mng* Excelsior Mng ExGen Res Inc Exploits Disc* Explorex Res* Explorex Res Fabled Silver* Fabled Silver Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res* Far Res Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Majestic First Majestic* First Mg Fin First Mg Fin * First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite Focus Graphite* Focus Minerals* Fokus Mining Foran Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min* Fortune Min Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Four Nines* Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

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

1661 11414 32 490 418 262 1561 13366 404 4 167 121 169 143 9296 2958 354 18 592 837 963 413 56 114 683 48 34 32 32 504 797 64 250 379 801 13 298 199 22 384 172 123 20 10 2 48 603 47 21 610 1734 10 291 221 220 511 2113 46 947 2 15 1363 1636 702 44 2287 226 1727 310 3307 196 507 441 0 27 403 45 455 76 176 320 467 470 2 5 71 65 1484 2118 1523 56 2836 18925 7045 6132 300 8441 40 5 773 573 1393 2892 738 8 1 135 59 0 2139 815 1 954 45 1506 311 2 59 5703 22488 7 8 418 1263 852 1117 736 501 45 139 10 9 32 411 2513 1296 1243 794 667 368 85921 318 1211 66 401 846 790 86 277 1337 438 522

7.85 6.34 0.26 0.33 0.24 0.19 7.59 6.22 0.06 0.05 0.04 0.04 0.78 0.98 7.21 8.98 0.09 0.09 0.22 0.16 0.43 0.34 0.10 0.14 26.38 21.50 0.09 0.11 0.11 2.26 2.85 0.16 0.12 0.29 0.36 0.25 0.35 0.53 0.43 0.38 0.31 0.07 0.05 0.17 0.18 0.11 0.26 0.21 0.09 0.09 0.06 0.04 0.37 2.83 2.31 0.49 0.60 0.13 1.33 7.02 9.80 0.12 0.14 0.47 0.37 0.12 0.13 0.12 0.13 0.17 0.52 0.21 0.24 0.07 0.10 10.53 8.39 0.13 0.11 0.97 1.22 0.32 0.26 0.14 0.20 0.61 0.75 0.26 0.31 0.24 0.20 19.87 16.09 0.50 0.42 0.50 29.40 0.08 0.08 0.13 0.10 0.50 0.60 0.06 0.05 0.09 0.11 0.07 0.00 0.09 0.07 0.16 0.18 1.92 2.40 0.82 0.00 17.98 7.06 5.68 0.76 0.60 0.11 0.14 0.13 0.33 0.39 1.28 0.46 0.60 0.47 0.52 0.42 0.59 150.69 188.40 0.04 0.66 0.40 0.30 37.49 0.23 0.04 11.50 0.81 0.04 0.26 0.23 1.50 1.23 0.08 0.10

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls

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

50 167 34 388 391 411 57 22 139 2741 1122 5912 40 50 30 153 294 100 473 31 444 59 31 106 1547 294 1209 307 0 94 280

0.47 0.58 0.25 0.34 0.19 0.23 0.70 0.62 1.38 1.11 0.09 0.11 0.02 0.18 0.23 0.72 0.88 0.18 0.25 0.34 0.43 0.43 0.34 24.34 19.45 0.58 1.10 0.89 0.00 0.46 0.19

Last

12-month Change

(100s)

High Low

Stock

Genesis Mtls* Genius Metals Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold* GGX Gold Giga Metals* Giga Metals Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* 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 Golcap Res Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex Gold Finder Ex* Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold Std Vents* Gold Std Vents Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng* Goldbank Mng Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Dawn Ml* Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star* Golden Star Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg Goldhills Hldg* GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia Gran Colombia* Granada Gold Granada Gold* Grande Portage* Grande Portage Granite Creek* Granite Creek Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther Great Panther* Great Quest Fe Great Thunder* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenshield Ex Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GTA Resources* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res

7.26 5.83 0.26 unch 0.29 0.23 0.18 6.72 5.41 0.06 unch 0.05 unch 0.04 + 0.03 + 0.78 + 0.96 + 6.89 8.60 unch 0.08 0.09 unch 0.17 0.13 0.40 0.32 0.10 + 0.14 + 25.82 + 20.73 + 0.08 0.10 0.10 1.90 2.37 0.16 + 0.12 unch 0.28 + 0.35 + 0.25 0.35 + 0.52 + 0.43 + 0.36 0.29 0.07 + 0.05 unch 0.16 0.18 0.10 0.24 unch 0.19 0.05 0.09 + 0.06 + 0.04 0.36 unch 2.75 2.23 0.44 0.54 0.13 unch 1.20 + 7.02 unch 9.50 unch 0.11 0.14 0.44 + 0.35 + 0.11 + 0.09 + 0.10 0.11 0.14 0.48 0.18 0.22 0.07 0.09 unch 10.10 + 8.19 + 0.10 0.09 0.90 + 1.14 + 0.30 0.22 0.14 unch 0.20 unch 0.57 0.72 0.23 0.30 0.21 0.17 18.17 14.60 0.48 + 0.39 + 0.43 28.85 + 0.08 + 0.07 0.12 + 0.10 + 0.45 0.57 0.05 0.05 unch 0.08 + 0.09 0.07 + 0.11 unch 0.09 unch 0.06 0.16 unch 0.17 + 1.90 + 2.38 + 0.72 0.35 unch 17.90 6.60 5.31 0.76 + 0.60 + 0.10 0.13 0.13 unch 0.28 0.35 1.20 0.46 unch 0.58 0.47 unch 0.51 unch 0.41 unch 0.53 147.29 183.35 + 0.02 + 0.63 0.37 + 0.29 + 36.50 0.22 0.04 + 11.25 0.81 + 0.03 unch 0.21 0.15 1.41 1.15 0.06 0.08 -

0.27 0.29 0.00 0.01 0.01 0.01 0.79 0.67 0.00 0.00 0.01 0.00 0.02 0.03 0.06 0.00 0.02 0.00 0.03 0.02 0.03 0.02 0.01 0.01 0.32 0.09 0.00 0.01 0.01 0.26 0.44 0.01 0.00 0.01 0.01 0.04 0.01 0.02 0.04 0.02 0.01 0.01 0.00 0.01 0.05 0.00 0.00 0.00 0.04 0.01 0.01 0.00 0.00 0.03 0.02 0.02 0.02 0.00 0.25 0.00 0.00 0.00 0.01 0.02 0.03 0.01 0.01 0.02 0.02 0.02 0.03 0.02 0.03 0.00 0.00 0.07 0.03 0.02 0.01 0.01 0.03 0.01 0.03 0.00 0.00 0.04 0.02 0.01 0.01 0.01 0.02 1.13 1.05 0.01 0.00 0.02 0.54 0.01 0.01 0.01 0.00 0.03 0.02 0.01 0.00 0.00 0.03 0.01 0.00 0.00 0.01 0.00 0.01 0.12 0.15 0.08 0.00 0.09 0.18 0.17 0.08 0.06 0.00 0.02 0.00 0.04 0.04 0.05 0.00 0.01 0.00 0.00 0.00 0.01 0.45 1.31 0.00 0.01 0.04 0.02 0.64 0.01 0.01 0.08 0.02 0.00 0.05 0.06 0.06 0.04 0.00 0.01

9.32 7.76 0.35 0.44 0.34 0.26 9.75 7.83 0.21 0.11 0.08 0.05 0.90 1.12 13.66 17.99 0.37 0.27 0.33 0.25 0.71 0.55 0.19 0.25 29.76 22.30 0.10 0.13 0.13 2.49 3.14 0.92 0.12 0.30 0.37 0.34 0.48 0.85 0.66 0.63 0.49 0.24 0.16 0.39 0.60 1.02 0.92 0.67 0.90 0.23 0.15 0.11 0.62 6.15 3.90 0.94 1.19 0.20 1.35 8.34 10.50 0.60 0.40 0.60 0.72 0.25 0.19 0.17 0.24 0.31 0.88 0.56 0.63 0.11 0.17 11.97 9.85 0.15 0.26 1.33 1.75 0.40 0.34 0.25 0.30 0.97 1.31 0.37 0.46 0.62 0.31 30.75 24.01 0.60 0.47 0.76 35.07 0.18 0.14 0.17 0.13 0.57 0.69 0.07 0.05 0.21 0.27 0.15 0.36 0.28 0.22 0.26 0.48 2.15 2.63 1.12 0.43 20.40 12.61 9.85 1.56 1.21 0.22 0.27 0.38 0.40 0.46 5.17 0.60 0.60 0.47 0.73 0.57 0.94 166.11 222.15 0.15 1.95 0.77 0.89 46.10 0.95 0.17 18.11 1.39 0.04 0.65 0.57 7.78 3.94 0.26 0.33

3.23 2.38 0.05 0.07 0.17 0.12 1.91 1.42 0.06 0.04 0.03 0.02 0.27 0.38 6.66 8.36 0.07 0.06 0.09 0.07 0.33 0.26 0.02 0.03 15.98 18.80 0.05 0.07 0.07 0.24 0.32 0.14 0.12 0.08 0.12 0.16 0.23 0.06 0.33 0.30 0.20 0.01 0.00 0.14 0.17 0.01 0.22 0.00 0.03 0.05 0.02 0.01 0.28 2.42 1.93 0.40 0.50 0.08 0.19 3.33 3.90 0.07 0.07 0.35 0.16 0.08 0.02 0.06 0.04 0.05 0.46 0.15 0.15 0.04 0.06 1.60 1.00 0.05 0.05 0.74 0.95 0.12 0.10 0.03 0.11 0.39 0.54 0.09 0.12 0.14 0.17 12.48 9.33 0.33 0.25 0.13 11.21 0.05 0.03 0.06 0.04 0.17 0.23 0.02 0.01 0.04 0.05 0.05 0.04 0.02 0.01 0.16 0.12 0.12 0.11 0.12 0.10 10.11 6.35 4.79 0.67 0.10 0.04 0.06 0.11 0.07 0.09 1.07 0.37 0.11 0.15 0.06 0.05 0.18 105.62 133.63 0.00 0.52 0.28 0.18 12.44 0.15 0.03 10.65 0.20 0.02 0.11 0.00 1.38 1.08 0.02 0.03

0.40 0.41 0.50 0.50 0.22 0.25 0.28 0.31 + 0.17 0.17 0.21 0.21 0.62 0.68 0.50 0.55 1.27 1.35 unch 1.01 1.08 + 0.07 0.08 0.09 0.09 0.02 0.02 unch 0.15 0.18 + 0.00 0.23 + 0.65 0.65 0.81 0.82 0.18 0.18 unch 0.20 0.21 0.29 0.32 0.37 0.39 0.41 0.41 unch 0.31 0.32 + 22.03 24.20 + 17.59 19.43 + 0.52 0.55 1.04 1.10 + 0.81 0.87 + 0.00 0.39 unch 0.45 0.45 unch 0.17 0.18 -

0.04 0.05 0.00 0.01 0.01 0.02 0.07 0.05 0.00 0.01 0.01 0.02 0.00 0.03 0.03 0.06 0.05 0.00 0.04 0.03 0.02 0.00 0.02 1.98 1.37 0.03 0.02 0.02 0.00 0.00 0.01

0.79 1.10 0.40 0.52 0.30 0.41 0.94 0.78 2.80 2.12 0.14 0.17 0.03 3.95 0.29 1.57 2.09 0.29 0.36 0.62 0.82 0.86 0.64 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.38

0.25 0.35 0.15 0.20 0.11 0.16 0.22 0.16 1.27 1.01 0.05 0.07 0.01 0.09 0.12 0.67 0.83 0.06 0.06 0.20 0.37 0.37 0.30 7.77 5.78 0.16 0.39 0.22 0.28 0.29 0.16

G-H

Exc Volume O 40 C 42 V 711 V 111 V 1075 O 221 O 156 C 139 V 304 V 2960 O 3012 V 56 V 93 O 100 O 7 V 15 O 477 V 202 V 102 O 201 O 155 V 2731 V 90 O 3 V 39 V 1517 O 928 O 1 V 338 O 159 O 2703 O 493 T 749 V 377 O 727 O 64 V 36 O 1 C 161 O 72 O 1 O 53 T 321 O 77 V 89 O 4501030 C 63 O 5 V 15 T 1963 C 424 C 292 V 91 O 27 O 0 N 36641 V 1193 O 212 C 65 V 2314 O 45 C 318 O 760 V 1296 C 157 O 143 V 116 X 4884 X 720 X 2700 T 201 C 420 V 263 O 17 O 1 V 1 V 604 V 107 O 15 V 386 O 244 O 768 C 148 O 3 V 716 V 1313 O 668 V 12 V 55 O 3 C 135 O 141 C 1069 T 93 X 2849 O 0 V 49 V 1246 V 404 V 6 O 2 T 50 X 1977 O 0 V 643 O 851 V 19 O 28 V 40 O 2 O 448 T 4883 O 244 V 298 O 38 T 765 V 34 O 49 V 220 V 548 C 480 O 105 O 162 C 60 O 0 O 117 V 604 O 43 V 110 V 403 O 26 O 137 V 1392 V 109 V 1414 O 1376 V 39 O 37 O 100 V 507 O 375 V 628 T 1123 O 197 V 705 O 549 O 512 V 653 O 221 V 278 O 287 V 413 O 416 V 2188 C 344 V 234 V 157 O 55 O 51 T 510 X 6756 V 108 O 110 V 349 O 5 C 215 V 52 V 11 V 53 C 24 O 900 V 165 O 265 V 193 O 118 V 348 V 434 O 791 V 712 O 763 V 92 O 2 V 4558 V 140 O 97 V 428

Week High 0.15 0.20 0.24 0.11 0.34 0.29 0.45 0.56 0.08 0.14 0.11 0.12 0.17 0.13 0.11 0.12 0.31 0.38 0.10 0.08 0.35 0.42 0.29 0.27 0.33 0.17 0.14 0.07 0.07 4.45 8.84 2.59 3.03 0.38 0.32 0.21 0.25 1.50 0.10 0.08 0.16 1.00 1.26 0.27 0.32 0.00 0.44 0.34 0.24 3.15 0.14 0.40 0.41 0.34 8.88 9.44 0.13 0.11 0.52 0.36 0.13 0.18 1.76 2.17 0.16 1.71 2.15 2.65 6.08 0.59 0.73 0.13 0.09 0.07 0.10 0.13 0.02 0.11 0.09 0.17 0.14 0.00 0.13 0.10 0.15 0.08 0.07 0.21 0.36 0.28 0.28 0.22 0.40 0.80 0.63 0.00 0.18 0.41 4.70 0.14 2.25 3.60 2.92 0.00 0.35 0.30 6.45 5.20 0.07 0.07 0.04 0.06 0.47 0.32 0.26 1.90 0.31 0.26 0.18 0.22 0.05 0.04 0.05 0.17 0.00 0.84 0.81 0.91 1.14 0.14 0.11 0.74 0.92 0.26 0.29 0.24 0.24 0.22 0.10 0.14 0.51 0.63 5.39 4.33 0.15 0.13 0.51 0.64 0.21 0.27 1.05 1.31 1.35 1.68 0.75 0.60 15.19 12.25 0.01 0.80 0.64 0.10 0.39 0.20 0.04 0.06 0.06 0.73 0.15 0.25 0.09 0.30 0.17 0.21 0.05 0.06 0.14 0.30 0.37 0.05 0.29 0.00 0.57 0.12 0.05 0.06

Low

Last

12-month Change

0.14 0.14 0.19 0.19 0.21 0.23 unch 0.11 0.11 unch 0.28 0.29 0.22 0.23 0.37 0.42 0.47 0.55 + 0.07 0.07 unch 0.12 0.13 0.10 0.10 0.11 0.12 unch 0.16 0.16 0.13 0.13 unch 0.00 0.10 0.00 0.12 0.29 0.30 + 0.36 0.37 0.09 0.10 unch 0.07 0.08 + 0.31 0.32 + 0.39 0.39 0.25 0.25 0.27 0.27 unch 0.30 0.30 0.15 0.16 0.12 0.12 0.06 0.06 0.07 0.07 unch 4.18 4.41 + 8.31 8.82 + 2.11 2.22 2.66 2.76 0.32 0.33 0.25 0.26 0.00 0.18 0.23 0.23 1.49 1.50 unch 0.10 0.10 unch 0.08 0.08 0.15 0.16 + 0.86 0.92 1.05 1.15 0.22 0.22 0.28 0.28 0.00 0.00 0.00 0.42 unch 0.00 0.34 0.24 0.24 unch 2.95 3.05 0.08 0.14 0.36 0.36 0.39 0.40 0.31 0.32 0.00 8.88 unch 8.84 9.13 0.11 0.12 0.09 0.10 0.50 0.52 + 0.27 0.32 + 0.12 0.12 unch 0.14 0.14 1.60 1.63 2.03 2.04 0.14 0.14 1.60 1.71 + 1.86 2.14 + 2.33 2.40 5.15 5.27 0.54 0.55 0.68 0.68 0.11 0.13 + 0.08 0.08 0.00 0.06 0.10 0.10 unch 0.13 0.13 0.02 0.02 unch 0.10 0.10 0.08 0.08 + 0.16 0.16 0.13 0.13 0.00 0.00 unch 0.12 0.13 + 0.08 0.08 0.00 0.14 + 0.07 0.08 unch 0.06 0.06 + 0.00 0.20 0.32 0.35 + 0.00 0.28 + 0.25 0.26 unch 0.19 0.21 0.31 0.35 0.69 0.73 0.55 0.59 0.00 0.11 unch 0.16 0.16 0.31 0.33 4.39 4.60 + 0.00 0.14 unch 1.70 2.25 + 3.27 3.27 2.61 2.62 0.00 0.37 unch 0.28 0.30 0.22 0.23 0.00 6.39 + 5.08 5.08 0.00 0.07 unch 0.00 0.07 + 0.00 0.04 + 0.05 0.05 unch 0.39 0.41 + 0.25 0.25 unch 0.26 0.26 unch 1.68 1.75 0.00 0.29 0.23 0.26 + 0.17 0.18 + 0.19 0.19 0.05 0.05 + 0.03 0.04 unch 0.04 0.05 0.16 0.16 0.00 0.16 unch 0.54 0.54 0.67 0.69 0.82 0.86 1.04 1.09 + 0.11 0.12 0.10 0.10 0.66 0.74 + 0.80 0.92 + 0.21 0.21 0.25 0.25 0.20 0.21 0.20 0.24 + 0.21 0.22 unch 0.09 0.09 unch 0.11 0.12 unch 0.44 0.46 0.56 0.57 4.92 5.04 3.94 4.05 0.14 0.14 0.11 0.12 0.44 0.47 0.55 0.58 0.18 0.21 + 0.23 0.26 + 0.76 1.04 + 0.96 1.30 + 1.10 1.28 1.40 1.58 0.67 0.69 0.49 0.49 14.56 15.04 + 11.60 12.06 0.01 0.01 + 0.71 0.75 0.57 0.60 0.08 0.08 0.34 0.39 + 0.17 0.18 0.04 0.04 0.06 0.06 + 0.00 0.06 unch 0.64 0.64 0.14 0.14 0.20 0.20 0.07 0.08 + 0.25 0.30 + 0.14 0.15 0.18 0.18 0.04 0.04 0.00 0.05 0.12 0.12 0.26 0.27 0.32 0.34 0.04 0.04 0.00 0.27 0.00 0.00 unch 0.39 0.47 0.11 0.12 unch 0.04 0.05 + 0.05 0.06 unch

0.01 0.01 0.00 0.00 0.05 0.05 0.02 0.01 0.00 0.02 0.01 0.00 0.01 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.00 0.02 0.04 0.00 0.03 0.01 0.00 0.01 0.00 0.06 0.11 0.22 0.23 0.04 0.03 0.03 0.03 0.00 0.00 0.00 0.01 0.07 0.11 0.04 0.04 0.00 0.00 0.02 0.00 0.05 0.02 0.03 0.01 0.01 0.00 0.05 0.01 0.00 0.02 0.02 0.00 0.04 0.08 0.09 0.01 0.11 0.17 0.20 0.72 0.02 0.01 0.01 0.01 0.01 0.00 0.05 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.03 0.02 0.00 0.01 0.02 0.15 0.00 0.55 0.12 0.11 0.00 0.06 0.05 0.02 0.12 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.10 0.02 0.02 0.01 0.04 0.01 0.00 0.01 0.01 0.00 0.08 0.08 0.01 0.01 0.01 0.01 0.07 0.10 0.06 0.04 0.02 0.01 0.00 0.00 0.00 0.06 0.06 0.11 0.14 0.01 0.00 0.03 0.03 0.01 0.02 0.19 0.27 0.03 0.03 0.01 0.08 0.01 0.16 0.00 0.02 0.01 0.02 0.01 0.01 0.00 0.01 0.00 0.06 0.01 0.02 0.00 0.11 0.00 0.02 0.01 0.01 0.02 0.02 0.03 0.01 0.03 0.00 0.10 0.00 0.00 0.00

High Low 0.36 0.32 0.25 0.11 0.60 0.47 0.58 0.69 0.11 0.31 0.24 0.15 0.45 0.29 0.22 0.30 1.84 2.44 0.21 0.14 0.70 0.87 0.30 0.28 0.46 0.48 0.37 0.09 0.12 4.94 9.48 2.94 3.34 1.93 1.52 0.28 0.35 2.70 0.27 0.21 0.80 1.24 1.49 0.36 0.45 0.00 2.40 1.74 0.37 3.55 0.60 0.50 0.71 0.56 15.00 14.90 0.23 0.23 0.95 0.76 0.52 0.68 2.65 3.12 0.30 2.02 2.70 5.04 7.08 1.14 1.50 0.35 0.14 0.11 0.11 0.19 0.05 0.16 0.13 0.22 0.20 0.01 0.26 0.14 0.20 0.38 0.32 0.44 0.50 0.35 0.72 0.57 0.70 1.65 1.30 0.25 0.36 0.41 5.44 0.20 3.49 6.89 5.20 5.10 0.65 0.60 8.32 6.43 0.12 1.10 0.07 0.10 0.87 0.33 0.26 3.85 1.14 0.86 0.20 0.50 0.08 0.05 0.10 0.59 0.43 0.85 0.98 1.12 1.90 0.30 0.16 0.78 0.96 0.35 0.39 0.32 0.51 0.39 0.13 0.15 0.74 0.95 8.40 6.61 0.34 0.26 0.65 0.78 0.24 0.29 1.89 2.40 1.51 1.84 2.86 0.88 19.19 14.89 0.02 1.47 1.16 0.17 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.70 0.30 0.27 0.27 0.34 0.07 0.10 0.18 0.50 0.51 0.11 0.67 0.00 0.74 0.20 0.08 0.10

0.14 0.16 0.14 0.05 0.17 0.10 0.22 0.30 0.03 0.13 0.10 0.07 0.08 0.06 0.08 0.10 0.13 0.18 0.07 0.01 0.09 0.12 0.10 0.23 0.20 0.15 0.12 0.04 0.05 1.97 3.90 0.39 0.51 0.06 0.05 0.11 0.14 0.55 0.07 0.05 0.00 0.32 0.44 0.16 0.20 0.00 0.32 0.18 0.21 1.02 0.08 0.20 0.20 0.15 8.00 8.11 0.05 0.03 0.30 0.24 0.08 0.13 1.06 0.76 0.09 1.17 1.50 2.33 3.39 0.50 0.63 0.11 0.06 0.04 0.08 0.10 0.02 0.08 0.05 0.16 0.12 0.00 0.10 0.07 0.08 0.07 0.00 0.20 0.22 0.24 0.20 0.15 0.12 0.51 0.38 0.10 0.12 0.12 1.15 0.08 0.17 3.16 2.56 0.00 0.14 0.10 6.30 4.92 0.07 0.03 0.02 0.03 0.20 0.08 0.12 1.68 0.27 0.00 0.17 0.19 0.03 0.02 0.01 0.16 0.15 0.54 0.68 0.82 0.90 0.09 0.10 0.10 0.12 0.05 0.12 0.09 0.17 0.13 0.04 0.05 0.36 0.49 4.93 3.94 0.13 0.10 0.18 0.24 0.08 0.08 0.26 0.36 0.10 0.11 0.30 0.37 12.80 10.25 0.00 0.71 0.56 0.06 0.24 0.06 0.04 0.05 0.02 0.22 0.08 0.17 0.05 0.14 0.07 0.10 0.03 0.04 0.06 0.15 0.20 0.01 0.21 0.00 0.13 0.10 0.03 0.04

(100s) Stock

Exc Volume

Week High

Low

Last

0.00 0.65 0.00 0.10 0.00 0.05 0.00 0.29 0.23 0.38 0.07 0.34 0.30 3.72 0.08 0.06 0.00 0.18 0.03 0.02 0.08 0.30 6.85 1.03 1.29 1.50 0.30 0.00 0.01 1.13 1.42 0.09 0.12 0.40 0.34 0.02 2.07 0.06 0.08 0.11 6.35 7.93 0.12 0.10 0.06 0.07 0.03 1.90 2.48

0.54 0.65 0.09 0.13 0.04 0.05 0.07 0.29 0.25 0.40 0.07 0.35 0.30 3.82 0.08 0.07 0.16 0.18 0.03 0.03 0.09 0.34 7.14 1.11 1.33 1.70 0.30 0.03 0.01 1.29 1.60 0.11 0.13 0.45 0.34 0.03 2.18 0.07 0.09 0.12 6.95 8.65 0.12 0.10 0.07 0.08 0.03 2.10 2.59

Gunpoint Expl* Gunpoint Expl Guyana Goldstr* Guyana Goldstr Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor Harfang Explor* Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Headwater Gold Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl Heron Res* Highbank Res HighGold* HighGold Highland Copp* Highland Copp Highway 50 Gld Highway 50 Gld* HiHo Silver Hochschild Mg* Honey Badger* Honey Badger Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold* i-80 Gold

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

0 17 21 163 0 120 92 111 106 17 156 105 3 31519 4233 2332 1 52 191 243 861 367 26664 304 128 38 46 0 238 42 345 747 1250 118 1 2155 45 730 1504 682 10132 8250 302 42 4 1252 35 101 703

0.00 0.65 0.09 0.13 0.00 0.05 0.08 0.32 0.27 0.40 0.07 0.38 0.30 4.04 0.09 0.08 0.17 0.21 0.04 0.03 0.09 0.36 7.71 1.23 1.50 1.70 0.31 0.00 0.02 1.33 1.70 0.11 0.14 0.45 0.34 0.03 2.34 0.09 0.11 0.12 6.97 8.71 0.15 0.12 0.07 0.08 0.03 2.16 2.67

I-Minerals I-Minerals* IAMGOLD* IAMGOLD Icon Explor* Iconic Mnls Iconic Mnls * Idaho Champion Idaho Champion* IEMR Res IM Exploration iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal* Imperial Metal Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indiana Res* Indigo Expl Infield Min Infinite Ore* Infinite Ore Inflection Res Infrastructure* Inomin Mines Intact Gold Integra Res Integra Res* Inter-Rock Mnl Inter-Rock Mnl* Intercontinent Intercontinent* Interra Copper* Interra Copper Intl Battery Intl Battery* Intl Bethl Mng* Intl Bethl Mng Intl Cobalt* Intl Cobalt Intl Cons Uran* Intl Cons Uran Intl Lithium Intl Lithium* Intl Millm Mng Intl Prospect Intl Prospect * 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* Ion Energy* Ion Energy Irving Res Irving Res* IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Ivor Explor Jade Leader* Jade Leader Jaeger Res * Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold* Japan Gold Jasper Mining* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* JNC Resources* JNC Resources Josemaria Res Joshua Gold* Jourdan Res Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kaizen Discvry* Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Mining* Kenadyr Mining Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources KGL Resources* Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min* Kingman Min

V 153 O 88 N 18183 T 3683 O 43 V 324 O 106 C 253 O 207 V 135 C 1279 O 28 V 355 V 682 O 3 O 91 T 149 O 125 V 193 O 9 V 41 O 6343 V 220 O 30 O 49 V 38 V 180 O 138 V 486 C 7 O 1076 V 231 V 159 V 95 X 293 V 11 O 29 V 6 O 7 O 200 C 263 C 168 O 237 O 50 V 12 O 10 C 168 O 50 V 764 V 2308 O 950 V 74 V 180 O 18 O 96221 X 652 T 29 V 721 O 69 N 481 O 595 T 438 O 43 V 86 V 93 O 44 O 92 V 301 C 91 O 113 V 247 O 16 V 55 O 652 O 575 T 7567 C 15 O 191 V 212 O 1 V 40 T 454 O 117 O 237 V 191 O 1 V 6 O 639 V 592 O 5 V 55 V 64 V 789 O 1089 O 12 C 72 T 816 O 84 V 4298 O 35 O 89 V 485 O 6 V 58 O 532 T 4893 O 680 V 77 V 51 O 3 V 152 V 228 C 5 T 21 V 36 O 274 O 274631 O 166 V 213 V 107 V 310 V 309 O 142 V 1010 V 30 O 2 O 54 V 418 O 59 V 526 O 87 V 2158 O 3 V 217

0.03 0.03 3.13 3.89 0.07 0.16 0.13 0.14 0.11 0.03 0.24 0.09 0.11 0.69 17.15 3.71 4.69 0.14 0.17 0.31 0.38 0.02 0.12 0.10 0.07 0.09 0.24 0.06 0.08 0.38 0.05 0.10 0.07 3.75 3.04 0.45 0.37 0.20 0.15 0.16 0.20 0.72 0.60 0.08 0.09 0.28 0.33 1.83 2.41 0.06 0.05 0.02 0.18 0.15 0.00 1.10 1.35 0.33 0.23 32.92 0.55 0.68 0.15 0.18 0.05 0.04 0.33 0.40 1.78 1.43 2.99 1.51 1.90 0.23 7.48 9.37 0.35 0.05 0.07 0.03 0.04 5.62 4.51 0.30 0.36 0.08 0.09 0.08 0.09 0.20 0.95 0.49 0.57 0.51 0.14 0.19 0.91 0.06 0.05 0.28 0.21 0.25 0.75 0.36 0.39 9.36 7.60 0.34 0.06 0.06 0.30 1.17 0.14 0.21 0.59 3.30 0.01 0.02 0.03 0.95 0.03 0.19 0.18 0.15 0.20 0.16 0.19 0.23 0.07 0.08 0.39 0.50 0.06 0.07

12-month Change

High Low

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

0.00 0.00 0.00 0.02 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.01 0.00 0.04 0.01 0.00 0.00 0.02 0.00 0.01 0.01 0.02 0.32 0.09 0.14 0.02 0.00 0.00 0.01 0.14 0.17 0.01 0.01 0.04 0.00 0.01 0.12 0.02 0.02 0.01 0.24 0.40 0.02 0.02 0.00 0.00 0.00 0.01 0.01

0.67 0.93 0.16 0.40 0.15 0.11 0.16 0.62 0.49 2.94 0.15 0.62 0.39 7.61 0.22 0.16 0.20 0.29 0.05 0.04 0.20 0.65 9.44 1.47 2.25 2.11 1.11 0.05 0.03 2.44 3.14 0.12 0.15 0.45 0.35 0.09 4.35 0.21 0.18 0.20 9.60 11.62 0.38 0.29 0.23 0.20 0.06 2.65 3.05

0.45 0.57 0.07 0.09 0.01 0.03 0.03 0.28 0.22 0.39 0.07 0.27 0.23 3.66 0.08 0.06 0.08 0.12 0.02 0.01 0.08 0.30 3.44 0.10 0.75 0.65 0.29 0.01 0.01 0.83 1.07 0.02 0.03 0.09 0.09 0.02 2.06 0.00 0.03 0.06 3.01 4.09 0.08 0.06 0.01 0.07 0.03 1.88 2.26

0.03 0.03 0.02 0.02 + 2.83 2.94 3.55 3.65 0.06 0.06 0.14 0.15 0.10 0.11 0.13 0.13 unch 0.10 0.10 0.03 0.03 unch 0.19 0.22 0.08 0.09 0.10 0.10 0.59 0.63 16.60 16.60 unch 3.47 3.50 4.33 4.48 0.12 0.13 0.16 0.16 0.27 0.31 + 0.36 0.36 + 0.01 0.02 + 0.11 0.12 + 0.09 0.09 0.06 0.07 unch 0.00 0.09 + 0.18 0.18 0.06 0.06 0.07 0.07 0.00 0.38 + 0.03 0.03 0.10 0.10 0.06 0.07 + 3.47 3.59 + 2.79 2.88 0.00 0.45 unch 0.36 0.36 0.16 0.17 + 0.14 0.14 0.12 0.14 0.16 0.18 + 0.57 0.69 + 0.52 0.56 0.08 0.08 unch 0.00 0.09 + 0.22 0.28 + 0.00 0.30 + 1.62 1.83 + 2.04 2.27 + 0.05 0.06 0.04 0.04 0.02 0.02 unch 0.15 0.15 0.00 0.15 + 0.00 0.00 + 0.99 1.04 1.25 1.29 0.20 0.26 + 0.15 0.23 + 30.02 31.53 0.53 0.54 0.65 0.67 0.12 0.12 0.16 0.17 0.00 0.04 unch 0.03 0.04 + 0.27 0.32 + 0.32 0.39 + 1.50 1.71 + 1.24 1.39 + 2.64 2.67 0.00 1.46 + 1.67 1.80 + 0.14 0.22 + 6.91 7.38 + 8.62 9.20 + 0.34 0.35 unch 0.04 0.04 0.05 0.06 unch 0.00 0.03 0.04 0.04 + 5.11 5.33 4.08 4.28 0.26 0.29 0.00 0.35 unch 0.08 0.08 0.00 0.09 unch 0.06 0.06 0.07 0.07 0.00 0.20 0.71 0.80 + 0.46 0.46 0.51 0.51 0.41 0.42 0.12 0.12 + 0.00 0.16 + 0.82 0.88 0.05 0.06 + 0.04 0.04 0.26 0.26 unch 0.17 0.18 0.22 0.25 unch 0.00 0.74 0.30 0.30 0.32 0.34 8.39 9.01 6.54 7.20 0.27 0.27 0.06 0.06 0.04 0.06 + 0.26 0.26 0.89 0.89 0.14 0.14 unch 0.18 0.18 0.50 0.50 2.95 3.00 0.01 0.01 + 0.02 0.02 0.03 0.03 unch 0.88 0.91 0.03 0.03 unch 0.17 0.18 0.13 0.14 0.12 0.12 0.20 0.20 0.16 0.16 unch 0.00 0.17 0.20 0.21 0.05 0.07 + 0.07 0.08 + 0.34 0.38 0.42 0.49 0.05 0.05 0.06 0.07 -

0.01 0.00 0.07 0.07 0.01 0.01 0.01 0.00 0.01 0.00 0.02 0.01 0.01 0.05 0.00 0.18 0.04 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.04 0.00 0.01 0.05 0.01 0.01 0.01 0.03 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.00 0.03 0.04 0.03 0.06 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.05 0.06 0.06 0.06 0.85 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.19 0.13 0.28 0.11 0.14 0.04 0.19 0.35 0.00 0.01 0.00 0.01 0.01 0.04 0.08 0.00 0.00 0.03 0.00 0.01 0.02 0.40 0.05 0.03 0.03 0.02 0.00 0.01 0.02 0.01 0.01 0.00 0.03 0.00 0.00 0.06 0.05 0.21 0.25 0.03 0.01 0.01 0.03 0.26 0.00 0.03 0.07 0.24 0.00 0.01 0.00 0.04 0.00 0.02 0.02 0.02 0.03 0.00 0.03 0.04 0.02 0.01 0.00 0.02 0.00 0.01

0.06 0.05 5.35 7.07 0.14 0.37 0.30 0.37 0.28 0.05 0.33 0.19 0.25 1.25 21.00 4.92 6.25 0.90 0.24 0.67 0.86 0.05 0.23 0.17 0.07 0.13 0.42 0.19 0.23 0.63 0.14 0.25 0.12 5.90 5.50 0.48 0.37 0.26 0.20 0.30 0.35 0.99 0.78 0.09 0.12 0.81 1.08 2.52 2.70 0.16 0.13 0.04 0.23 0.40 0.01 2.22 3.02 0.33 0.23 39.19 0.78 1.11 0.26 0.33 0.05 0.04 1.40 0.67 4.42 3.36 3.49 1.50 1.85 0.30 8.03 9.74 0.42 0.09 0.15 0.04 0.08 11.30 9.30 0.38 0.47 0.13 0.21 0.09 0.14 0.83 1.05 0.60 0.61 0.51 0.30 0.30 1.05 0.20 0.18 0.32 0.41 0.52 2.25 0.96 0.66 9.36 7.60 0.40 0.09 0.06 0.59 1.95 0.30 0.31 1.28 3.88 0.01 0.06 0.08 1.75 0.06 0.47 0.37 0.24 0.60 0.44 0.29 0.54 0.09 0.12 0.50 0.80 0.18 0.24

0.03 0.01 2.83 3.55 0.02 0.09 0.07 0.12 0.09 0.01 0.06 0.07 0.09 0.59 8.64 1.54 2.08 0.08 0.05 0.20 0.33 0.01 0.08 0.05 0.03 0.06 0.19 0.04 0.04 0.27 0.00 0.05 0.05 3.35 2.65 0.28 0.25 0.09 0.08 0.07 0.10 0.08 0.05 0.01 0.02 0.05 0.06 0.33 0.45 0.04 0.03 0.01 0.09 0.07 0.00 0.95 1.21 0.04 0.03 7.60 0.27 0.34 0.08 0.10 0.03 0.02 0.13 0.27 1.50 1.21 0.73 0.16 0.22 0.02 2.74 3.82 0.20 0.03 0.05 0.02 0.02 5.11 1.25 0.22 0.30 0.03 0.05 0.04 0.05 0.07 0.09 0.20 0.15 0.10 0.10 0.13 0.62 0.02 0.01 0.05 0.06 0.11 0.31 0.27 0.21 4.25 3.02 0.18 0.03 0.02 0.26 0.13 0.11 0.16 0.21 2.25 0.00 0.00 0.02 0.70 0.02 0.11 0.08 0.03 0.20 0.01 0.15 0.18 0.00 0.03 0.35 0.40 0.05 0.07

I-J-K

(100s) Stock

Exc Volume

Week

12-month

High

Low

0.00 0.17 + 0.15 0.15 unch 0.00 0.12 unch 7.72 7.86 6.16 6.30 0.13 0.15 0.34 0.37 + 0.00 0.27 47.83 49.03 + 38.12 39.42 + 0.19 0.20 unch 0.15 0.17 + 0.04 0.04 0.06 0.06 1.22 1.30 0.26 0.30 + 0.30 0.37 + 0.24 0.26 0.19 0.21 0.00 0.05 + 0.00 0.05 unch 0.62 0.64 0.57 0.58 1.55 1.64 1.24 1.31 0.02 0.02 0.02 0.02 -

Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr Kootenay Silvr* Kootenay Zinc Kootenay Zinc* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

8 50 0 14555 84335 521 7 3 2886 7189 95 121 1426 2070 132 29 5565 965 777 168 0 305 121 245 193 2504 303

0.17 0.15 0.00 8.24 6.61 0.16 0.37 0.27 50.24 40.20 0.21 0.18 0.06 0.07 1.36 0.30 0.40 0.28 0.22 0.05 0.00 0.70 0.74 1.79 1.47 0.03 0.02

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lakewood Expl Lakewood Expl* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals Latin Metals* Laurion Mnl Ex Laurion Mnl Ex* Le Mare Gold* Le Mare Gold Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold Leocor Gold* Lepanto Con Mg* Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lincoln Mng Lion One Mtls* Lion One Mtls Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* 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 C O V T O D T O V V O V O O V V O V C O C O O V O V O O V O O V O V T N V O O O V O O V O O O V O T O O V V O T O V O V V O V T O T O V O O O

806 1737 607 28 776 4831 109 82 26 513 784 664 384 30 210 221 25 810 198 45 1117 80 120 8446 1350 4 291 288 3 78 5 669 235 651 53 16 150 10 363 608 1682 10090 1095 542 3694 44 59 502 13 184 16 66 690 1330 84 247 6 0 18 326 60 561 135 1682 18 15 90 114 112 821 276 8148 10 307 180 431 1027

1.36 1.66 0.25 38.78 48.60 0.29 0.62 0.54 0.76 0.55 0.01 15.92 19.86 0.13 0.18 0.14 0.11 0.57 0.46 0.13 0.18 0.25 0.21 3.85 0.24 0.36 0.94 0.81 0.00 0.38 0.31 0.54 0.44 1.26 0.57 0.50 0.03 0.19 1.03 1.24 18.40 15.08 0.37 0.29 0.51 0.12 0.14 0.38 0.10 0.12 0.12 0.12 0.12 0.15 0.57 0.71 1.55 0.00 7.50 0.21 0.15 0.76 0.05 0.08 0.48 0.60 0.79 0.65 0.73 10.80 9.48 11.86 0.06 0.07 0.02 4.70 4.70

Macarthur Min* Macarthur Min MacDonald Mns MacDonald Mns* Madoro Metals Madoro Metals* MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Major Precious* Makara Mining Makara Mining* Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mansa Explor Mantaro Silver Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake* Margaret Lake Marifil Mines* Marifil Mines Marimaca Cop* Marimaca Cop Maritime Res MartinMarietta* Marvel Discov Marvel Discov* Mas Gold Mascota Res* Masivo Silver* Masivo Silver 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* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel*

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

18 167 1647 220 176 170 629 8 524 346 35 20 84 236 7 475 761 117 244 117 172 649 261 5 555 54 47 1064 1658 86 14 74 425 157 694 709 1454 1164 255 995 3 2958 28 325 4 164 628 1555 2333 303 272 1 75 308 450 422 56 959 135 111 786 236 313 409 525 49 0 95 301 193 8 17766 1017 17 17 2149

0.38 0.49 0.06 0.05 0.12 0.08 27.65 1.05 1.10 0.89 0.48 0.14 0.18 0.07 0.05 0.06 0.39 0.30 0.25 0.20 0.89 0.32 0.40 0.12 0.15 3.36 2.68 0.31 0.39 0.09 0.06 0.07 0.08 0.20 0.19 0.41 0.39 0.46 2.81 3.30 0.05 0.07 0.06 0.07 3.22 4.16 0.19 362.49 0.20 0.14 0.12 3.25 0.08 0.10 0.58 0.69 0.23 0.05 0.01 6.78 5.48 0.20 0.26 0.23 0.08 0.07 0.00 0.98 1.22 0.17 1.13 1.45 1.79 0.08 0.59 2.10

Last

Change

High Low

0.02 0.00 0.00 0.09 0.14 0.01 0.03 0.05 0.89 0.38 0.00 0.01 0.01 0.01 0.04 0.03 0.05 0.01 0.01 0.01 0.00 0.03 0.02 0.01 0.01 0.01 0.01

0.30 0.24 0.15 13.59 10.32 0.19 0.50 0.39 76.43 57.69 0.39 0.29 0.26 0.34 2.51 0.37 0.54 0.54 0.46 3.00 0.22 2.01 4.09 3.13 2.47 0.04 0.03

0.05 0.11 0.09 7.56 6.10 0.07 0.11 0.01 40.07 31.72 0.19 0.14 0.03 0.05 0.31 0.15 0.18 0.24 0.19 0.04 0.04 0.61 0.10 1.09 0.83 0.01 0.00

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

0.01 0.00 0.01 0.26 0.04 0.01 0.02 0.02 0.02 0.05 0.00 0.23 0.48 0.00 0.00 0.00 0.00 0.07 0.05 0.04 0.01 0.02 0.00 0.65 0.01 0.01 0.00 0.01 0.00 0.05 0.03 0.05 0.03 0.04 0.03 0.10 0.01 0.00 0.02 0.01 0.09 0.19 0.04 0.03 0.07 0.02 0.01 0.02 0.01 0.02 0.04 0.01 0.02 0.02 0.03 0.03 0.16 0.00 0.21 0.00 0.00 0.00 0.00 0.01 0.03 0.06 0.01 0.02 0.02 0.29 0.19 0.33 0.01 0.01 0.00 0.41 0.38

1.50 1.85 0.95 42.40 50.45 0.50 0.66 0.60 0.91 0.60 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.75 0.61 0.13 0.19 0.45 0.35 7.25 0.42 0.50 1.00 1.47 0.01 0.99 0.65 1.08 0.73 1.82 0.90 1.00 0.20 0.28 2.00 2.66 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.14 0.20 0.28 0.22 0.28 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.25 0.49 0.63 1.19 0.91 1.05 12.95 13.11 16.07 0.07 0.08 0.07 5.31 5.37

0.24 0.30 0.00 18.13 23.47 0.02 0.25 0.26 0.62 0.21 0.00 12.91 8.40 0.10 0.11 0.09 0.06 0.15 0.12 0.03 0.04 0.11 0.08 0.31 0.17 0.00 0.35 0.44 0.00 0.34 0.21 0.35 0.32 1.10 0.43 0.01 0.02 0.10 0.81 1.00 6.62 4.87 0.12 0.09 0.14 0.05 0.06 0.17 0.04 0.05 0.04 0.05 0.02 0.03 0.37 0.47 0.55 2.66 2.80 0.09 0.11 0.45 0.04 0.06 0.18 0.28 0.72 0.54 0.57 9.11 5.00 6.68 0.01 0.03 0.00 1.30 1.30

0.34 0.38 + 0.43 0.49 + 0.05 0.06 unch 0.04 0.04 0.09 0.11 + 0.08 0.08 + 25.20 26.00 0.79 1.00 1.02 1.04 unch 0.77 0.82 0.44 0.44 + 0.11 0.11 0.15 0.15 0.05 0.05 0.00 0.05 0.06 0.06 unch 0.35 0.38 + 0.27 0.30 + 0.19 0.20 0.15 0.16 0.78 0.80 0.31 0.31 0.38 0.39 unch 0.11 0.11 0.12 0.14 3.05 3.12 2.45 2.56 0.26 0.27 0.32 0.33 0.08 0.09 + 0.06 0.06 unch 0.06 0.07 0.07 0.08 + 0.17 0.18 0.17 0.19 + 0.35 0.37 0.31 0.34 0.40 0.42 2.50 2.56 3.14 3.18 0.05 0.05 0.05 0.05 0.05 0.06 + 0.06 0.06 0.00 3.12 3.74 4.00 0.17 0.19 + 341.82 357.92 + 0.15 0.15 + 0.11 0.12 + 0.11 0.11 0.00 2.75 unch 0.06 0.07 0.08 0.10 + 0.48 0.49 0.59 0.60 0.21 0.22 0.04 0.04 0.00 0.01 + 6.42 6.65 5.11 5.33 0.18 0.18 0.22 0.23 0.21 0.21 0.07 0.07 0.05 0.05 0.00 0.38 unch 0.84 0.84 1.00 1.04 0.17 0.17 unch 1.07 1.13 + 1.22 1.29 1.54 1.60 0.00 0.08 unch 0.50 0.51 1.89 2.03 unch

0.04 0.06 0.00 0.00 0.01 0.00 0.56 0.03 0.00 0.00 0.01 0.03 0.02 0.01 0.00 0.00 0.02 0.03 0.02 0.04 0.09 0.01 0.00 0.01 0.01 0.03 0.06 0.02 0.03 0.01 0.00 0.01 0.01 0.03 0.01 0.05 0.03 0.02 0.10 0.09 0.00 0.03 0.00 0.01 0.10 0.07 0.01 8.33 0.01 0.00 0.01 0.00 0.00 0.02 0.08 0.10 0.01 0.01 0.00 0.05 0.11 0.02 0.03 0.02 0.01 0.01 0.00 0.13 0.14 0.00 0.03 0.12 0.12 0.00 0.03 0.00

0.54 0.70 0.13 0.10 0.20 0.14 31.21 1.66 1.89 1.46 0.65 0.18 0.48 0.11 0.07 0.08 0.82 2.00 1.65 1.27 1.75 0.42 0.54 0.39 0.21 3.68 3.00 0.85 1.11 0.12 0.09 0.10 0.13 0.72 0.22 0.57 0.42 0.56 3.00 3.61 0.09 0.13 0.08 0.11 4.55 5.85 0.24 383.71 0.20 0.16 0.25 3.25 0.12 0.25 0.94 1.19 0.27 0.09 0.10 7.78 6.40 0.44 0.57 0.55 0.12 0.09 1.26 1.63 2.15 0.20 1.29 1.71 2.07 0.18 2.00 2.57

0.10 0.16 0.05 0.04 0.09 0.06 17.88 0.75 0.82 0.66 0.40 0.09 0.11 0.04 0.03 0.05 0.13 0.15 0.18 0.14 0.34 0.19 0.25 0.00 0.04 1.17 0.74 0.06 0.08 0.06 0.04 0.03 0.05 0.13 0.08 0.35 0.10 0.13 0.65 1.88 0.04 0.03 0.03 0.04 1.36 1.79 0.11 201.04 0.05 0.03 0.06 1.40 0.01 0.03 0.11 0.15 0.13 0.02 0.00 5.47 4.19 0.18 0.22 0.13 0.05 0.04 0.01 0.84 1.00 0.05 0.42 0.90 1.15 0.05 0.40 1.29

L 1.15 1.44 0.17 36.88 46.16 0.25 0.57 0.47 0.69 0.48 0.01 14.72 18.54 0.13 0.16 0.14 0.11 0.49 0.39 0.09 0.14 0.23 0.18 2.93 0.21 0.00 0.82 0.66 0.00 0.33 0.28 0.48 0.38 1.13 0.50 0.40 0.02 0.00 0.89 1.11 16.50 13.14 0.30 0.24 0.36 0.10 0.13 0.32 0.08 0.10 0.08 0.09 0.09 0.12 0.53 0.66 1.33 0.00 6.73 0.21 0.15 0.72 0.05 0.07 0.00 0.55 0.00 0.60 0.66 10.15 8.52 10.94 0.05 0.06 0.00 4.10 4.26

1.29 1.60 0.24 38.35 47.73 0.27 0.60 0.49 0.69 0.48 0.01 15.39 19.16 0.13 0.18 0.14 0.11 0.56 0.45 0.13 0.14 0.23 0.20 3.11 0.22 0.01 0.90 0.72 0.00 0.33 0.28 0.52 0.41 1.19 0.50 0.40 0.03 0.19 0.90 1.12 17.85 14.36 0.31 0.25 0.37 0.10 0.14 0.36 0.08 0.10 0.08 0.12 0.09 0.12 0.54 0.67 1.54 6.89 7.20 0.21 0.15 0.75 0.05 0.08 0.45 0.55 0.79 0.63 0.68 10.25 9.29 11.54 0.05 0.06 0.02 4.69 4.70

WWW.NORTHERNMINER.COM

JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.25 0.27 0.20 0.22 1.08 1.12 + 0.89 0.90 0.03 0.04 + 0.04 0.04 0.00 0.00 unch 0.17 0.19 0.21 0.23 0.30 0.30 0.24 0.24 0.05 0.05 0.06 0.06 0.35 0.37 0.33 0.33 unch 0.00 5.00 unch 0.44 0.46 + 0.55 0.57 + 0.12 0.12 unch 0.03 0.03 unch 0.00 0.06 + 0.06 0.06 unch 0.05 0.05 unch 0.37 0.38 0.47 0.48 0.00 0.23 + 0.28 0.30 0.03 0.03 + 0.43 0.48 + 0.09 0.09 + 2.60 2.60 2.07 2.07 0.13 0.15 0.17 0.17 0.15 0.16 0.31 0.34 + 0.10 0.11 + 0.05 0.05 0.04 0.04 0.00 0.38 + 0.00 0.11 0.67 0.69 0.30 0.45 + 0.28 0.29 + 0.34 0.36 + 2.21 2.30 + 2.76 2.87 + 0.51 0.53 0.06 0.06 0.08 0.08 unch 0.07 0.07 unch 0.33 0.33 0.26 0.27 0.00 0.41 0.48 0.48 0.48 0.51 0.60 0.63 0.08 0.08 unch 0.06 0.06 0.28 0.28 unch 0.20 0.21 0.16 0.17 0.00 40.66 + 0.00 0.00 + 0.06 0.07 + 0.08 0.09 unch 0.04 0.04 + 0.04 0.05 unch 0.00 0.00 + 0.21 0.21 0.47 0.51 0.08 0.10 0.46 0.47 + 0.11 0.11 unch 0.13 0.13 unch 0.06 0.06 0.08 0.08 0.66 0.71 0.83 0.88 0.34 0.35 0.27 0.27 0.10 0.14 0.10 0.11 0.80 0.80 0.62 0.67 0.03 0.03 unch 0.01 0.01 0.09 0.10 0.10 0.11 0.14 0.15 + 0.11 0.11 0.32 0.35 0.19 0.21 + 0.15 0.17 + 29.64 31.79 + 0.10 0.10 0.18 0.20 + 0.14 0.16 + 0.38 0.39 0.47 0.49 + 0.36 0.37 0.16 0.16 0.20 0.20 0.06 0.06 unch 0.00 0.08 unch 0.00 0.31 unch 0.09 0.10 0.00 0.09 -

Medallion Res Medallion Res* Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Merger Mines* Meridian Mg * Meridian Mg Meryllion Res MetalCorp* MetalCorp Metalex Vent Metalex Vent * Metallic Mnrls* Metallic Mnrls Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Mich Resources Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millennial Pr Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL Minera IRL* Mineral Hill Mineral Mtn Mineral Mtn* Mineral Res* MineralRite* Mineworx Tech* Mineworx Tech Minfocus Expl* Minfocus Expl Mining Global* Minnova Corp Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent Monitor Vent* Montage Gold Montage Gold* Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res Morien Res* Mosaic* Mosaic Min Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

V 358 O 653 C 95 O 17 O 96 V 1234 O 49809 O 859 T 1390 C 1477 O 145 O 439 C 376 V 46 O 3 O 0 O 50 V 576 C 250 O 1 V 31 V 63 O 2 O 730 V 524 O 13 C 1214 O 39 V 176 V 168 V 2 O 2 O 194 V 484 O 254 V 580 O 365 C 680 O 313 C 50 V 6 V 79 C 1874 O 32 V 130 O 81 V 122 V 499 O 933 V 885 V 6 V 1871 O 837 O 11 T 23 O 1035 V 353 C 80 O 84 V 3 V 234 O 94 O 0 O 215641 O 2598 V 2647 O 5 V 228 O 423252 V 168 V 166 C 518 V 40 O 41 V 175 O 277 V 267 O 471 T 552 T 1989 O 504 V 70 O 5 V 122 O 22 C 50 C 476 O 56 V 188 V 243 O 22 V 165 V 1492 O 1411 N 20732 C 409 V 69 O 101 O 26 T 559 C 480 O 41 V 91 O 50 V 115 O 0 C 945 O 343

0.32 0.25 1.12 0.95 0.04 0.05 0.00 0.20 0.24 0.34 0.27 0.06 0.07 0.41 0.33 0.00 0.49 0.59 0.12 0.03 0.06 0.06 0.05 0.44 0.54 0.25 0.32 0.03 0.49 0.09 2.69 2.18 0.17 0.20 0.17 0.35 0.12 0.06 0.05 0.40 0.11 0.71 0.48 0.29 0.37 2.39 2.91 0.58 0.07 0.08 0.07 0.40 0.34 0.41 0.53 0.55 0.66 0.08 0.08 0.28 0.23 0.19 40.66 0.00 0.08 0.09 0.04 0.05 0.00 0.25 0.53 0.11 0.48 0.11 0.13 0.08 0.10 0.85 0.95 0.36 0.30 0.18 0.14 0.86 0.70 0.03 0.01 0.30 0.14 0.16 0.12 0.38 0.24 0.21 32.05 0.11 0.20 0.17 0.41 0.51 0.43 0.17 0.21 0.06 0.08 0.00 0.11 0.09

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* NEO Battery* NEO Battery Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals New Age Metals* New Carolin Gd* New Carolin Gd New Destiny Mg New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Guinea Gld* New Jersey Mng* New Oroperu New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmont Corp* Newmont Corp Neworigin Gold* Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold

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

0.01 26.27 0.39 0.35 21.20 0.01 1.53 1.21 1.31 2.89 0.40 0.73 0.58 0.89 0.22 0.14 0.18 0.51 0.58 0.27 0.08 0.06 0.13 0.00 0.33 0.41 0.14 0.12 0.06 0.08 0.07 0.09 0.10 12.39 2.30 1.85 0.00 0.36 2.02 6.19 5.02 0.15 0.11 0.33 0.23 0.05 0.06 2.73 0.64 0.51 25.18 19.47 0.55 64.42 80.62 0.11 0.16 0.45 0.05 0.17 0.22 12.10 9.10 5.40 4.43 2.97 0.05 0.06

Last

12-month

High

Change

High Low

0.04 0.03 0.03 0.05 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.05 0.06 0.03 0.03 0.00 0.02 0.01 0.09 0.11 0.02 0.03 0.01 0.04 0.01 0.01 0.00 0.03 0.02 0.01 0.14 0.01 0.02 0.03 0.06 0.04 0.00 0.00 0.00 0.08 0.06 0.00 0.03 0.02 0.03 0.00 0.02 0.00 0.03 0.02 2.97 0.00 0.00 0.00 0.01 0.00 0.00 0.03 0.02 0.02 0.03 0.00 0.00 0.01 0.02 0.03 0.05 0.01 0.02 0.01 0.03 0.05 0.02 0.00 0.01 0.20 0.02 0.02 0.01 0.03 0.03 0.02 0.35 0.01 0.02 0.01 0.00 0.01 0.03 0.00 0.01 0.00 0.00 0.00 0.02 0.00

0.75 0.59 1.12 0.95 0.08 0.11 0.01 0.26 0.30 1.17 0.90 0.16 0.21 1.24 1.00

0.13 0.10 0.45 0.63 0.03 0.04 0.00 0.06 0.09 0.20 0.17 0.04 0.06 0.35 0.29

0.67 0.79 0.20 0.08 0.11 0.13 0.10 0.94 1.30 0.45 0.57 0.04 0.64 0.20 3.65 2.62 0.20 0.21 0.27 0.59 0.15 0.15 0.11 0.40 0.15 1.13 0.71 0.40 0.42 4.16 5.25 0.74 0.23 0.31 0.20 0.85 0.67 0.60 0.80 0.63 0.78 0.25 0.18 0.30 0.34 0.27 40.66 0.00 0.08 0.18 5.00 0.10 0.00 0.60 0.69 0.41 0.59 0.12 0.16 0.20 0.30 0.90 1.31 0.48 0.38 0.45 0.37 1.27 0.85 0.06 0.10 0.86 0.95 0.21 0.16 0.65 0.25 0.21 38.23 0.19 0.69 0.52 0.64 0.82 1.35 0.27 0.35 0.09 0.11 0.60 0.26 0.18

0.14 0.11 0.05 0.02 0.02 0.03 0.02 0.30 0.41 0.09 0.12 0.01 0.23 0.08 2.10 1.79 0.03 0.05 0.05 0.18 0.06 0.05 0.03 0.16 0.07 0.67 0.12 0.10 0.13 0.84 1.20 0.48 0.06 0.08 0.04 0.33 0.26 0.32 0.41 0.37 0.48 0.08 0.06 0.13 0.18 0.13 16.93 0.00 0.04 0.05 0.01 0.04 0.00 0.14 0.36 0.09 0.08 0.06 0.09 0.03 0.04 0.59 0.59 0.12 0.09 0.10 0.12 0.65 0.54 0.01 0.01 0.06 0.06 0.07 0.00 0.30 0.13 0.10 11.51 0.05 0.16 0.13 0.20 0.26 0.34 0.10 0.14 0.03 0.06 0.22 0.06 0.00

0.00 0.39 0.04 0.03 0.92 0.00 0.33 0.21 0.29 0.01 0.03 0.06 0.04 0.24 0.02 0.02 0.03 0.01 0.04 0.02 0.00 0.00 0.03 0.00 0.05 0.04 0.02 0.00 0.01 0.00 0.01 0.00 0.02 0.62 0.02 0.03 0.00 0.03 0.05 0.59 0.55 0.01 0.00 0.02 0.02 0.00 0.01 0.08 0.00 0.01 1.18 0.04 0.06 0.62 1.51 0.00 0.03 0.01 0.03 0.00 0.00 0.36 0.37 0.23 0.23 0.24 0.00 0.00

0.03 30.71 0.43 0.40 21.90 0.04 5.00 1.21 1.31 3.88 0.61 2.05 1.62 4.00 0.32 0.19 0.25 1.50 0.84 0.53 0.31 0.25 0.18 0.19 0.40 0.41 0.24 0.19 0.09 0.11 0.11 0.17 0.12 13.50 3.05 2.40 0.01 0.60 3.59 9.02 5.84 0.95 0.80 0.62 0.28 0.10 0.15 4.07 0.92 0.70 31.25 26.42 0.55 75.31 95.65 0.29 0.40 0.60 0.08 0.31 0.43 14.92 12.58 6.08 5.04 5.30 0.12 0.14

0.00 17.95 0.18 0.13 9.56 0.00 0.92 0.00 0.08 0.52 0.05 0.21 0.16 0.11 0.06 0.09 0.12 0.20 0.30 0.23 0.07 0.06 0.05 0.07 0.21 0.34 0.06 0.04 0.03 0.04 0.04 0.01 0.03 1.24 1.70 1.25 0.00 0.22 1.74 4.78 4.20 0.13 0.05 0.03 0.17 0.02 0.05 1.04 0.56 0.45 22.40 17.81 0.05 54.18 68.76 0.09 0.12 0.34 0.00 0.08 0.10 6.78 5.13 1.83 1.34 0.30 0.04 0.05

N-O 19618 83 224 340 56 225 19 1411 25041 663 212 398 40 19 15332 1390 953 771 1263 32 221 189 396 1 59 259 954 548 55 2442 85 31 49 771 3720 14703 705 811 228 125 608 930 337 194 37 50 117 34 209 15 1 2 7117 24692 767 63 93 258 7116 1561 2481 5 357 4090 6682 850 179 1412

0.01 24.51 0.36 0.28 19.82 0.01 1.05 0.55 0.74 2.64 0.37 0.65 0.51 0.00 0.18 0.11 0.00 0.40 0.51 0.00 0.07 0.06 0.10 0.00 0.28 0.37 0.12 0.10 0.05 0.07 0.06 0.08 0.09 10.35 2.09 1.67 0.00 0.31 1.95 5.27 4.18 0.13 0.10 0.30 0.00 0.05 0.00 2.35 0.56 0.45 0.00 0.00 0.40 62.24 78.10 0.11 0.14 0.43 0.02 0.13 0.17 10.76 8.44 4.90 3.90 2.30 0.04 0.05

0.01 25.18 0.36 0.29 21.20 0.01 1.49 0.81 1.03 2.80 0.40 0.68 0.54 0.65 0.20 0.13 0.17 0.44 0.55 0.26 0.07 0.06 0.11 0.14 0.33 0.40 0.13 0.11 0.05 0.07 0.06 0.09 0.09 11.53 2.19 1.76 0.00 0.35 2.00 5.51 4.41 0.13 0.10 0.31 0.22 0.05 0.06 2.50 0.61 0.49 25.18 19.47 0.46 63.98 79.63 0.11 0.16 0.45 0.05 0.14 0.18 10.76 8.55 5.09 4.07 2.91 0.04 0.06

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

(100s) Stock

Exc Volume

(100s) Stock

Week

12-month

High

Low

Last

0.00 0.49 0.96 0.76 0.07 0.09 0.04 0.09 0.07 0.00 0.12 0.82 1.01 0.62 0.12 1.26 1.01 0.00 0.02 0.36 0.01 0.02 0.12 0.10 0.55 0.45 0.03 32.52 0.28 0.33 0.08 0.35 0.47 0.56 0.02 0.02 0.00 0.21 0.07 0.00 0.00 0.00 0.50 0.00 0.04 0.04 0.02 0.00 0.25 0.00 0.20 0.00 0.65 0.11 0.07 0.06 8.44 6.71 10.15 8.09 2.03 0.00 0.06 0.45 0.36 0.40 0.17 0.04 1.09 0.85 0.23 0.29 0.26 0.18 0.11 0.56 0.45 0.35 0.02 0.02 0.13 0.10 58.17 73.00 0.15 0.19 0.00 0.22 2.06 1.79 2.30 0.19 0.13 0.52 0.40 0.04 0.05 0.15 0.18 0.14 0.06 0.05 0.34 0.43 0.19 0.15 0.51 0.22 0.03 0.04 0.00 0.57 0.45 0.08 0.07 0.07 0.06 0.10 0.13 1.27 1.02 0.17 0.00 0.20 0.29 0.00 4.70 0.32 0.40 3.13 2.51 6.00 0.00 0.00 0.23 0.40 0.33 1.06 1.32 5.26 13.11 16.43 0.00 0.43 3.07 0.06 0.07 0.34 0.41 0.19 0.24 16.36

0.63 0.49 1.00 0.79 0.08 0.10 0.04 unch 0.09 0.07 0.11 + 0.13 unch 0.86 + 1.06 0.64 0.13 unch 1.33 1.06 0.03 unch 0.02 + 0.36 0.01 unch 0.02 0.13 0.10 0.56 0.46 0.06 + 33.45 0.28 0.34 0.08 unch 0.38 0.50 + 0.62 + 0.02 0.03 unch 0.27 unch 0.21 0.07 unch 0.09 + 0.00 + 0.63 0.53 0.06 + 0.05 unch 0.04 0.02 unch 0.21 + 0.27 + 0.28 0.20 0.53 0.69 unch 0.12 0.07 0.06 8.63 6.88 10.45 8.37 2.16 + 0.00 0.06 unch 0.46 0.37 0.40 unch 0.23 0.05 unch 1.11 0.92 + 0.25 0.32 unch 0.26 + 0.20 0.11 0.58 0.47 0.36 + 0.02 0.03 + 0.13 0.10 61.21 + 76.22 + 0.16 0.20 0.10 0.24 2.20 1.79 2.36 0.20 + 0.15 + 0.52 0.43 0.05 0.05 unch 0.15 0.19 0.15 0.07 0.05 0.38 + 0.46 + 0.19 0.16 0.52 unch 0.22 0.03 unch 0.04 0.00 + 0.57 0.46 0.10 + 0.08 + 0.07 0.06 0.11 0.13 1.42 + 1.15 + 0.22 + 0.18 unch 0.20 0.30 + 0.25 + 4.99 0.34 0.42 3.15 2.52 6.26 + 0.36 + 0.28 + 0.23 unch 0.45 + 0.37 + 1.10 + 1.36 + 5.40 13.35 16.64 0.35 0.44 unch 3.23 + 0.06 0.08 + 0.35 0.41 0.20 0.24 16.36 -

NGEx Minerals NGEx Minerals* Nickel 28 Nickel 28* Nickel Creek* Nickel Creek Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc* Nicola Mg Inc Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Nobel29 Res Noble Metal * Noble Metal Noble Mineral Noble Mineral* Noram Vent Noram Vent* Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res North Peak Res* Northcliff Res Northern Light Northern Light* Northern Uran Northisle C&G * Northisle C&G Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* NQ Minerals Pl* Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSJ Gold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nubian Res Nuinsco Res* Nuinsco Res NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold* NV Gold O.T. Mining* O2Gold O3 Mining OceanaGold* OceanaGold Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Olivut Res* Olivut Res Omai Gold Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl* Opawica Expl Ophir Gold Ophir Gold* Optimum Vent Optimus Gold Opus One Gold* Opus One Gold Orbite Tech* Orca Gold Orca Gold* Orea Mining Orea Mining* Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold Orezone Gold* Orford Mining OrganiMax* OrganiMax Origen Res Origen Res* Orla Mining Oro X Mining* Oro X Mining Oroco Res Oroco Res* Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold* Outback Gold Outcrop S&G* Outcrop S&G OZ Minerals*

V 66 O 54 V 510 O 602 O 1163 T 628 V 155 V 3587 O 2325 O 25 V 246 O 36 T 601 V 256 V 28 T 913 O 1381 V 690 O 13 V 318 O 250 V 367 V 471 O 253 V 158 O 7 O 138 O 137 O 39 V 581 V 550 V 396 O 234 C 215 O 76 V 858 V 91 O 29 O 13 V 284 O 1899991 V 46 O 43 T 148 C 262 O 6 V 467 O 39 V 317 C 149 O 347 O 33 V 412 V 33 T 1136 O 296 V 460 N 831 T 556 X 4619 T 988 O 437 O 5 V 238 O 272 V 41 O 76 V 1176 V 153 O 278 O 985 V 1997 V 10 C 86 C 428 T 1125 X 23420 V 90 O 190 C 2984 V 3842 O 3472 N 6609 T 4627 O 397 V 468 O 27 V 309 V 355 O 4 T 3142 V 60 O 5 V 672 O 229 O 15 V 20 V 1044 V 734 O 423 C 2238 O 1209 O 8 V 232 V 222 O 368 V 118 V 110 O 1042 V 3224 O 758 V 502 O 284 T 2328 O 448 V 2070 V 999 O 192 V 235 V 1647 O 1862 V 734 O 0 V 207 C 152 O 25 T 1078 O 191 V 2399 V 333 O 432 T 109 T 1899 V 7 O 10 T 1511 O 45 O 72 V 140 O 44 N 3106 T 2947 O 7 V 314 T 1839 O 380 V 755 O 71 C 390 O 409 V 584 O 2

0.75 0.55 1.10 1.25 0.09 0.11 0.04 0.12 0.10 0.11 0.13 0.88 1.14 0.71 0.13 1.50 1.43 0.03 0.02 0.43 0.01 0.02 0.13 0.12 0.64 0.50 0.07 34.28 0.30 0.36 0.09 0.44 0.52 0.67 0.02 0.03 0.28 0.24 0.07 0.09 0.00 0.67 0.55 0.06 0.05 0.04 0.02 0.22 0.28 0.29 0.23 0.58 0.71 0.12 0.08 0.07 10.35 7.95 10.97 8.84 2.31 0.01 0.06 0.50 0.40 0.40 0.32 0.05 1.24 0.99 0.28 0.33 0.26 0.20 0.14 0.64 0.51 0.37 0.02 0.03 0.15 0.12 61.64 76.58 0.18 0.23 0.11 0.25 2.31 1.92 2.46 0.21 0.16 0.59 0.50 0.05 0.06 0.17 0.21 0.18 0.08 0.07 0.38 0.47 0.21 0.18 0.52 0.22 0.04 0.04 0.00 0.63 0.51 0.10 0.08 0.08 0.07 0.12 0.15 1.55 1.26 0.22 0.00 0.23 0.33 0.25 5.32 0.37 0.49 3.34 2.71 6.40 0.45 0.28 0.23 0.54 0.38 1.13 1.39 5.78 14.29 17.67 0.38 0.45 3.23 0.07 0.09 0.42 0.50 0.22 0.27 17.02

P2 Gold* P2 Gold Pac Arc Res Pac Bay Mnrls Pac Booker Min* Pac Booker Min Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pacific Empire* Pacific Empire Pacific Silk Pacific Silk* Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource* Palladium One Palladium One* Pampa Metals* Pampa Metals Pan Am Silver

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

0.36 0.45 0.26 0.16 2.00 2.50 0.05 0.24 0.19 0.06 0.06 0.04 0.00 0.80 0.42 0.37 0.30 0.09 0.05 0.30 0.24 0.47 0.59 36.50

Change

High Low

0.05 0.06 0.09 0.09 0.01 0.01 0.00 0.02 0.01 0.00 0.00 0.04 0.03 0.06 0.00 0.12 0.13 0.00 0.00 0.07 0.00 0.01 0.01 0.02 0.05 0.04 0.01 0.72 0.01 0.02 0.00 0.02 0.03 0.04 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.01 0.01 0.01 0.89 0.91 0.07 0.18 0.12 0.01 0.00 0.01 0.01 0.00 0.02 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.02 0.05 0.03 0.01 0.00 0.01 0.02 0.02 0.37 1.23 0.02 0.02 0.01 0.01 0.10 0.13 0.03 0.01 0.02 0.06 0.04 0.00 0.00 0.02 0.02 0.01 0.01 0.01 0.03 0.03 0.01 0.00 0.00 0.03 0.00 0.01 0.00 0.06 0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.11 0.11 0.05 0.00 0.03 0.02 0.00 0.08 0.01 0.05 0.14 0.13 0.06 0.12 0.03 0.00 0.07 0.04 0.03 0.03 0.12 0.65 0.64 0.03 0.00 0.10 0.00 0.01 0.06 0.09 0.01 0.03 0.66

0.97 0.71 1.11 2.00 0.24 0.33 0.10 1.18 0.93 0.20 0.25 2.20 2.90 1.19 0.28 2.08 1.65 0.09 0.06 0.77 0.02 0.03 0.21 0.17 1.25 0.99 0.15 38.21 0.30 0.38 0.21 0.76 2.21 2.79 0.12 0.05 0.39 0.33 0.10 0.15 0.00 1.03 0.83 0.10 0.11 0.07 0.04 0.40 0.42 0.45 0.36 0.91 1.06 0.23 0.12 0.09 27.40 17.24 16.16 12.10 4.16 0.04 0.13 0.70 0.55 0.69 0.35 0.18 1.55 1.26 0.57 0.72 0.69 0.37 0.46 3.28 2.49 0.69 0.05 0.05 0.24 0.19 65.93 79.67 0.38 0.48 0.17 0.38 3.68 2.86 4.01 0.32 0.25 0.79 0.67 0.11 0.11 0.30 0.74 0.55 0.16 0.13 0.54 0.65 0.31 0.24 0.60 0.35 0.08 0.12 0.03 0.93 0.75 0.25 0.19 0.26 0.28 0.24 0.31 1.70 1.39 0.24 0.28 0.35 0.55 0.25 7.51 0.68 0.90 3.66 3.02 6.92 0.70 0.45 0.33 0.54 0.38 1.50 1.65 10.79 15.12 18.40 0.42 0.52 4.85 0.09 0.10 1.22 1.55 0.40 0.88 21.04

0.42 0.29 0.16 0.11 0.05 0.07 0.02 0.06 0.05 0.07 0.10 0.77 0.97 0.50 0.12 0.69 0.53 0.02 0.01 0.33 0.00 0.01 0.06 0.04 0.10 0.09 0.00 23.23 0.11 0.15 0.03 0.07 0.39 0.47 0.01 0.02 0.08 0.05 0.03 0.05 0.00 0.49 0.16 0.03 0.03 0.03 0.01 0.00 0.08 0.21 0.17 0.40 0.47 0.11 0.06 0.04 1.80 6.71 9.73 7.85 1.97 0.00 0.02 0.17 0.12 0.30 0.03 0.03 0.42 0.34 0.23 0.29 0.17 0.16 0.03 0.39 0.31 0.29 0.00 0.01 0.11 0.08 30.56 41.50 0.13 0.17 0.02 0.16 2.05 0.00 1.58 0.15 0.11 0.24 0.18 0.02 0.03 0.15 0.15 0.12 0.06 0.05 0.09 0.09 0.14 0.11 0.33 0.05 0.02 0.04 0.00 0.38 0.29 0.08 0.06 0.07 0.05 0.08 0.11 0.81 0.61 0.08 0.05 0.04 0.12 0.24 3.64 0.28 0.37 0.59 0.44 2.28 0.06 0.20 0.19 0.22 0.17 0.76 1.01 0.33 9.77 12.39 0.27 0.35 2.68 0.03 0.04 0.26 0.11 0.18 0.23 8.31

0.00 0.06 0.00 0.00 0.07 0.05 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.03 0.02 0.02 0.01 0.00 0.01 0.06 0.05 0.11

0.59 0.90 0.26 0.19 3.10 3.75 0.08 0.33 0.30 0.16 0.21 0.06 0.04 1.81 0.47 0.37 0.30 1.82 0.10 0.40 0.49 1.07 0.72 53.30

0.23 0.30 0.15 0.09 1.04 1.33 0.02 0.05 0.04 0.04 0.05 0.02 0.01 0.61 0.08 0.16 0.13 0.05 0.00 0.09 0.06 0.28 0.33 34.09

P-Q 21 210 198 163 2 9 587 437 207 1 1069 190 0 181 6794 123 14 1742 371 1317 207 16 490 1624

0.35 0.35 0.00 0.39 0.24 0.26 0.12 0.16 1.89 1.99 2.32 2.38 0.04 0.04 0.16 0.22 0.12 0.19 0.06 0.06 0.06 0.06 0.03 0.04 0.00 0.03 0.68 0.70 0.35 0.36 0.32 0.32 0.00 0.26 0.05 0.06 0.03 0.03 0.27 0.27 0.22 0.22 0.00 0.40 0.48 0.54 34.29 35.44

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

Exc Volume

Pan Am Silver* D Pan Global Res* O Pan Global Res V Pancontinental* O Pancontinental V Panex Res* O Pangolin Dia V Panoro Mnrls* O Panoro Mnrls V Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Paramount Gold* X Paringa Res* O Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res* O Pegasus Res V Pelangio Expl* O Pelangio Expl V Peloton Mnrls C Peloton Mnrls* O PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res V Phenom Res* O Philex Mng* O Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portofino Res* O Portofino Res V Power Group V Power Group* O Power Metals* O Power Metals V PPX Mining* O Precipitate Gl V Precipitate Gl* O Pretium Res* N Pretium Res T Prime Meridian V Prime Meridia* O Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet* O Prog Planet V Project One C Promithian Gl * O Prophecy Pot C Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V Quadro Res V Quadro Res* O Quantum Batt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C Quest Rare Mnl* O Questex Gold V

Week

12-month

High

Low

Last

Change

10060 30 450 243 1057 1 86 20 217 464 0 2111 128 530 250 3489 113 35 1064 154 360 82741 315 998 1 98 112 200 0 502 895 170 92 400 0 306 250 83 52 455 201 154 83 13 526 661 234 1796 25 3 961 46 400 381 2838 778 384 9 544 18 241 117 107 8 902 235 96 974 229 5599 1298 409 0 67 1189 164 95 90 186 132 2 373 2 8 44 23 155 935 482 14 58 5 19543 8 602 40 67 25 625 1309 2861 1 2 1163 995 80 74 43 15 320 389 816 241 423 30 0 309 787 2317 90 220 102

29.32 0.59 0.72 0.12 0.15 0.00 0.03 0.10 0.14 0.21 0.00 0.28 0.31 1.02 0.03 0.17 0.04 0.08 0.09 0.13 0.12 11.18 0.03 0.04 0.10 0.15 0.11 0.08 0.00 9.45 7.83 1.51 0.05 0.05 0.11 0.12 0.02 0.07 0.10 0.70 0.85 0.68 0.13 0.66 0.30 0.47 0.34 0.42 0.27 97.49 0.21 0.05 0.06 4.49 3.70 0.04 0.27 0.20 3.93 4.89 0.08 0.09 0.10 0.06 0.18 0.22 0.03 0.11 0.10 9.88 12.29 0.08 0.06 3.64 4.58 0.11 0.26 0.07 1.42 1.75 0.31 0.38 0.36 4.50 0.33 0.45 1.87 0.13 0.08 0.06 0.21 0.21 0.02 0.28 0.36 0.02 1.09 1.35 1.24 1.50 0.14 0.20 0.00 0.19 0.16 0.20 0.25 0.16 0.14 0.31 0.37 0.11 0.08 5.19 0.22 0.18 0.28 0.23 0.30 0.07 0.02 1.05

27.33 0.54 0.67 0.11 0.13 0.00 0.02 0.00 0.00 0.18 0.00 0.20 0.29 0.95 0.03 0.12 0.03 0.00 0.08 0.12 0.09 7.76 0.03 0.04 0.00 0.13 0.10 0.08 0.00 7.62 6.06 1.36 0.05 0.03 0.00 0.11 0.02 0.06 0.00 0.68 0.70 0.55 0.10 0.58 0.27 0.33 0.29 0.33 0.25 0.00 0.18 0.04 0.05 3.85 3.07 0.04 0.20 0.00 3.60 0.00 0.07 0.09 0.09 0.06 0.14 0.19 0.00 0.10 0.08 9.14 11.45 0.06 0.06 3.38 4.15 0.08 0.21 0.07 1.27 1.60 0.25 0.32 0.36 2.91 0.00 0.39 1.64 0.11 0.07 0.00 0.00 0.15 0.01 0.26 0.00 0.01 1.00 1.25 1.01 1.32 0.12 0.18 0.00 0.16 0.13 0.19 0.24 0.15 0.12 0.27 0.34 0.09 0.07 2.71 0.00 0.00 0.24 0.20 0.11 0.05 0.01 0.94

28.50 0.54 0.68 0.12 + 0.14 unch 0.00 unch 0.02 0.09 0.13 unch 0.19 + 0.05 unch 0.26 + 0.29 0.98 0.03 unch 0.14 0.04 + 0.07 0.09 0.12 0.10 + 11.01 + 0.03 unch 0.04 unch 0.10 0.13 0.10 0.08 unch 0.21 unch 8.28 6.65 1.43 + 0.05 0.04 0.11 unch 0.12 0.02 unch 0.07 unch 0.10 + 0.69 0.83 + 0.65 + 0.10 0.66 0.28 0.44 + 0.31 0.40 0.25 unch 97.37 + 0.19 0.04 0.05 4.06 3.24 0.04 unch 0.21 0.18 3.88 + 4.84 + 0.07 0.09 0.09 unch 0.06 unch 0.17 + 0.22 + 0.02 0.11 0.09 9.34 11.61 0.08 + 0.06 unch 3.45 + 4.32 + 0.09 0.26 + 0.07 unch 1.32 1.69 0.25 0.33 0.36 unch 3.90 0.28 0.45 + 1.81 + 0.13 0.07 unch 0.06 + 0.19 + 0.15 + 0.02 + 0.28 + 0.35 + 0.02 + 1.03 1.29 1.09 1.34 0.12 unch 0.18 0.20 unch 0.18 unch 0.15 0.19 0.24 0.16 0.12 0.28 0.35 0.10 0.08 4.33 0.21 0.18 unch 0.26 0.21 0.12 0.07 + 0.02 + 1.00 +

37 517 251 156 6 20 1 1 276 150 69 422 58 2069 482 241 5 523 850 550 285 65 199 76 518 157 63 340 193 2091 1274 68 70 80 81 6 9645 0 256 519 80 96 81 83 31 156 466 3 144 10 345 257 776 1 15 384 118 740 0 0 75

0.25 0.27 0.10 0.27 2.63 0.16 0.13 0.13 1.94 0.04 0.13 0.22 0.00 1.39 0.62 0.77 0.07 0.09 0.07 0.07 0.06 0.68 0.56 0.16 0.77 0.92 1.65 0.05 0.70 0.07 0.08 0.47 0.57 0.07 0.05 85.01 86.23 0.00 0.79 0.64 0.56 0.69 0.15 0.17 0.17 0.21 0.43 0.06 0.07 4.25 5.29 0.06 0.08 0.00 0.11 0.13 0.25 0.13 0.00 0.00 0.07

0.00 0.25 unch 0.23 0.27 + 0.08 0.10 + 0.23 0.26 + 2.20 2.23 + 0.00 0.14 0.13 0.13 unch 0.00 0.13 + 1.76 1.87 0.04 0.04 unch 0.13 0.13 unch 0.19 0.20 0.00 0.00 + 1.04 1.07 0.52 0.60 + 0.71 0.72 0.07 0.07 unch 0.09 0.09 unch 0.06 0.06 0.07 0.07 unch 0.05 0.06 + 0.64 0.66 unch 0.50 0.53 0.15 0.16 unch 0.68 0.70 0.85 0.87 1.40 1.50 + 0.05 0.05 unch 0.64 0.68 + 0.05 0.06 0.07 0.07 0.41 0.47 + 0.50 0.57 + 0.00 0.07 unch 0.05 0.05 + 0.00 84.59 + 80.99 85.99 + 0.00 92.86 unch 0.72 0.73 0.58 0.60 0.45 0.49 0.61 0.68 + 0.13 0.14 + 0.16 0.17 0.14 0.14 0.17 0.18 0.39 0.40 unch 0.06 0.06 0.00 0.07 + 0.00 4.19 + 4.96 5.22 + 0.06 0.06 0.07 0.08 unch 0.00 0.04 unch 0.10 0.10 0.13 0.13 0.24 0.24 unch 0.12 0.12 0.00 0.15 unch 0.00 0.14 unch 0.07 0.07 unch

Stock

0.34 0.04 0.03 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.06 0.02 0.02 0.00 0.04 0.01 0.00 0.01 0.01 0.00 2.48 0.00 0.00 0.02 0.02 0.01 0.00 0.00 0.90 0.80 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.02 0.12 0.08 0.03 0.00 0.04 0.11 0.03 0.01 0.00 1.13 0.03 0.01 0.01 0.29 0.29 0.00 0.06 0.02 0.12 0.19 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.36 0.34 0.02 0.00 0.07 0.10 0.02 0.05 0.00 0.08 0.06 0.05 0.05 0.00 0.60 0.08 0.06 0.01 0.01 0.00 0.06 0.01 0.00 0.00 0.02 0.03 0.00 0.06 0.02 0.11 0.18 0.00 0.03 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.00 0.45 0.01 0.00 0.01 0.00 0.19 0.01 0.01 0.07

40.11 0.68 0.84 0.20 0.20 0.01 0.05 0.18 0.23 0.29 0.07 1.02 0.74 1.59 0.03 0.84 0.09 0.31 0.42 0.50 0.23 10.54 0.06 0.09 0.20 0.27 0.15 0.12 0.42 20.40 9.45 1.52 0.10 0.10 0.14 0.17 0.02 0.12 0.15 0.76 0.85 1.10 0.14 0.83 0.55 0.55 0.36 0.45 0.42 128.00 0.25 0.06 0.13 8.00 6.27 0.05 0.30 0.23 7.10 9.50 0.25 0.26 0.16 0.10 0.38 0.47 0.50 0.41 0.30 14.55 19.13 0.17 0.14 3.64 4.58 0.14 0.88 0.15 1.53 1.95 0.37 0.50 0.60 13.50 0.52 0.40 2.40 0.17 0.20 0.17 1.50 0.85 0.08 0.31 0.40 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.38 0.50 0.30 0.47 0.60 0.33 0.25 5.85 0.29 0.19 0.30 0.25 0.30 0.27 0.06 1.37

27.33 0.00 0.18 0.05 0.07 0.00 0.02 0.05 0.09 0.14 0.01 0.05 0.25 0.96 0.00 0.05 0.01 0.01 0.08 0.07 0.03 0.80 0.02 0.03 0.10 0.13 0.08 0.06 0.00 7.02 5.52 0.99 0.04 0.00 0.02 0.03 0.01 0.02 0.03 0.24 0.24 0.17 0.03 0.35 0.03 0.32 0.10 0.12 0.21 88.00 0.10 0.03 0.03 1.87 1.38 0.03 0.10 0.07 2.65 3.28 0.05 0.09 0.04 0.02 0.15 0.19 0.00 0.11 0.08 8.26 11.25 0.06 0.05 0.98 1.30 0.03 0.19 0.07 0.95 1.26 0.03 0.04 0.18 2.63 0.10 0.20 0.50 0.07 0.07 0.00 0.17 0.00 0.01 0.04 0.06 0.01 0.06 0.54 0.95 1.18 0.04 0.12 0.13 0.07 0.12 0.15 0.20 0.12 0.09 0.07 0.11 0.07 0.05 0.55 0.12 0.10 0.06 0.04 0.11 0.05 0.00 0.47

Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals Rover Metals* Roxgold Roxgold* Royal Fox Gold* Royal Fox Gold Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining * RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.00 0.04 0.01 0.04 0.03 0.01 0.00 0.01 0.04 0.00 0.00 0.01 0.00 0.27 0.06 0.05 0.00 0.00 0.02 0.00 0.00 0.00 0.02 0.00 0.03 0.03 0.15 0.00 0.01 0.00 0.01 0.02 0.02 0.00 0.00 2.39 2.36 0.00 0.04 0.03 0.03 0.06 0.01 0.01 0.01 0.04 0.00 0.00 0.01 0.06 0.11 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00

0.40 0.38 0.12 0.40 14.50 0.18 0.15 2.00 4.13 0.12 0.25 0.49 0.01 1.42 0.95 1.74 1.00 0.12 0.13 0.14 0.11 1.45 1.13 0.25 1.35 1.74 1.70 0.08 0.77 0.27 0.25 0.61 0.74 0.11 0.09 94.42 95.97 108.00 1.03 0.85 0.83 1.10 0.40 0.54 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.10 0.14 0.09 0.19 0.25 0.29 0.23 0.20 1.00 0.10

0.23 0.21 0.05 0.15 0.51 0.08 0.07 0.00 0.47 0.03 0.06 0.19 0.00 0.06 0.30 0.70 0.01 0.04 0.05 0.06 0.04 0.60 0.48 0.15 0.50 0.68 0.15 0.04 0.29 0.04 0.07 0.30 0.21 0.05 0.03 55.15 55.39 63.85 0.70 0.55 0.38 0.49 0.13 0.16 0.12 0.15 0.30 0.03 0.04 0.39 0.55 0.04 0.06 0.02 0.09 0.11 0.11 0.10 0.02 0.04 0.06

S2 Minerals Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res Sable Res* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Sama Res Sama Res* San Gold Corp* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Mtls* Sego Res Select Sands Sentinel Res Sentinel Res* Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Shine Minerals* Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Grande Sierra Grande* Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar* Silver Dollar Silver Eleph Silver Eleph* Silver Grail Silver One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Viper* Silver Viper Silver Wolf Silver Wolf* Silvercorp Met* Silvercorp Met SilverCrest* SilverCrest Silverore Mns* Silverton Met 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 Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min* Southstone Min Spanish Mtn Gd* Spanish Mtn Gd Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res

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

R 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 Ready Set Gold Red Eagle Mng* Red Moon Res Red Pine Expl Regulus Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res* Riverside Res RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rockwealth Res* Rogue Res*

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

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

105 5609 187 408 1120 40 743 1770 406 535 90 12099 235 4 2232 2424 378 39 0 878 1000 55 106 463 2 140 352 17 356 50

0.09 0.84 0.46 0.56 0.05 0.04 0.40 0.47 0.13 0.10 0.08 1.93 1.57 0.05 0.08 119.56 0.03 0.30 0.00 0.08 0.06 0.15 0.17 0.13 0.03 0.05 5.49 4.35 0.06 0.04

0.08 0.09 unch + 0.66 0.82 0.40 0.41 0.50 0.51 0.04 0.05 unch 0.00 0.04 0.31 0.32 0.39 0.40 0.11 0.11 0.08 0.09 0.07 0.07 1.88 1.90 unch 1.53 1.54 unch + 0.05 0.05 + 0.07 0.08 114.51 116.68 0.02 0.02 0.00 0.30 0.00 0.07 unch 0.00 0.08 unch 0.06 0.06 unch + 0.15 0.15 0.15 0.17 unch 0.00 0.12 0.03 0.03 unch + 0.04 0.05 + 5.20 5.49 + 4.07 4.34 0.05 0.05 0.04 0.04 unch

358 1209 754 574 597 192 68 789 534 500 231 113 8 478 404 395 40 277 200 6293 871 951 332 2435 766 239 485 14555 11 102 130 278 331 445 164 23 199 526 0 5 252 942 0 5 138 93 204 705 718 1 568 17126 25 5 12 151 1098 449 46 1 12970 762 1771 180 7 1 19 275 220 1112 54 247 545 88 266 180 76 100 241 1911 1214 400 571 975 3 5 3 10 18 252 226 985 1938 496 556 133 65 2927 1230 3008 749 256 397 27 191 1851 423 3411 208 18 529 126 338 126 846 850 17 330 481 19 356 9385 3136 1593 473 43 2 15 1663 65 538 1432 2218 1718 793 1135 50 1 5425 7 52 527 1131 60 10 615 621 974 32387 555 295 3 1533

0.19 1.78 1.43 0.27 0.22 0.02 1.44 0.19 0.18 0.29 0.37 0.16 0.13 0.01 0.16 0.09 0.07 0.20 0.23 8.16 10.11 0.47 0.22 0.00 0.80 0.66 0.12 0.15 0.29 0.06 0.19 0.24 0.13 0.11 0.93 0.76 0.20 0.25 0.00 0.55 22.59 18.14 0.00 0.90 0.23 0.18 0.06 0.04 0.08 0.07 0.13 0.10 0.30 0.26 1.20 0.93 0.52 0.12 0.12 4.50 17.43 0.18 0.10 0.09 0.13 0.12 0.71 0.85 3.96 3.14 6.65 0.13 0.15 0.12 0.13 1.20 1.49 0.84 1.06 0.29 0.23 0.20 0.62 0.53 0.46 0.15 0.19 0.16 0.21 0.16 0.20 0.06 0.07 0.56 0.67 0.54 0.42 5.70 7.07 9.05 11.21 0.30 0.65 0.08 0.10 0.15 0.12 0.07 0.06 11.21 14.12 0.18 0.19 0.16 0.41 0.34 0.07 0.08 0.24 0.22 0.41 0.13 0.71 0.60 13.24 0.43 0.50 0.94 0.68 0.14 0.30 0.37 0.03 0.08 0.10 0.19 0.15 2.25 65.53 0.20 0.21 0.45 0.40 0.30 0.04 0.06 0.21 0.26 0.18 0.12 0.22 0.15 0.16

High Low

0.00 0.08 0.02 0.04 0.00 0.01 0.05 0.05 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.26 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.31 0.10 0.01 0.00

0.16 1.93 0.60 0.76 0.08 0.06 0.80 0.64 0.36 0.13 0.13 2.35 2.00 0.07 0.12 147.64 0.06 0.48 1.00 0.29 0.20 0.15 0.23 0.19 0.07 0.08 6.20 5.49 0.14 0.09

0.06 0.11 0.14 0.19 0.04 0.03 0.20 0.33 0.11 0.03 0.03 1.34 1.04 0.01 0.06 99.32 0.00 0.26 0.06 0.05 0.05 0.03 0.11 0.07 0.01 0.02 2.66 1.85 0.03 0.02

0.01 0.08 0.07 0.02 0.01 0.00 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.01 0.01 0.01 0.02 0.14 0.05 0.05 0.02 0.00 0.04 0.02 0.00 0.03 0.00 0.00 0.00 0.01 0.01 0.00 0.04 0.03 0.01 0.01 0.00 0.00 0.00 0.17 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.04 0.03 0.00 0.00 0.01 0.02 0.04 0.20 0.02 0.00 0.02 0.01 0.06 0.00 0.07 0.07 0.03 0.02 0.08 0.01 0.00 0.00 0.01 0.08 0.07 0.06 0.05 0.01 0.01 0.03 0.03 0.03 0.15 0.01 0.03 0.00 0.02 0.00 0.01 0.00 0.00 0.10 0.10 0.09 0.08 0.16 0.15 0.44 0.37 0.18 0.12 0.00 0.00 0.01 0.00 0.01 0.00 0.18 0.62 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.03 0.09 0.06 0.06 0.12 0.11 1.47 0.00 0.00 0.05 0.05 0.00 0.05 0.05 0.00 0.00 0.01 0.02 0.02 0.00 0.99 0.04 0.00 0.04 0.04 0.04 0.00 0.01 0.02 0.02 0.05 0.03 0.03 0.00 0.02

0.30 3.54 2.80 0.40 0.36 0.05 1.57 0.24 0.19 0.32 0.40 0.21 0.17 0.04 0.30 0.40 0.32 0.31 0.40 10.63 14.22 0.58 0.47 0.02 1.24 0.92 0.20 0.22 2.00 0.09 0.28 0.35 0.22 0.17 0.98 0.76 0.46 0.53 0.56 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.10 0.07 0.14 0.25 0.16 0.10 2.55 0.66 2.06 1.56 0.70 0.25 0.19 7.72 20.68 0.22 0.17 0.14 0.35 0.28 0.71 1.07 4.92 3.92 7.05 0.20 0.22 0.18 0.24 1.25 1.55 2.51 2.29 0.59 0.46 0.35 0.94 0.75 1.00 0.34 0.40 0.29 0.30 0.37 0.49 0.48 0.12 1.20 0.85 0.60 0.51 8.91 11.62 12.88 16.37 0.30 1.00 0.20 0.26 0.34 0.27 0.11 0.08 13.60 16.48 0.50 0.25 0.21 0.60 0.48 0.11 0.16 0.43 0.38 0.75 0.25 0.78 0.64 13.00 0.56 0.72 1.56 1.25 0.16 0.29 0.35 0.06 0.13 0.18 0.31 0.25 2.39 83.29 0.34 1.45 0.70 0.55 1.39 0.06 0.10 0.59 0.77 0.21 0.16 0.80 0.15 0.27

0.13 1.60 1.27 0.09 0.07 0.00 1.00 0.02 0.01 0.19 0.21 0.11 0.08 0.00 0.13 0.08 0.00 0.14 0.20 5.96 7.57 0.17 0.18 0.00 0.35 0.28 0.07 0.08 0.20 0.03 0.08 0.11 0.10 0.07 0.08 0.57 0.12 0.18 0.26 0.33 19.45 15.38 0.18 0.28 0.04 0.01 0.03 0.01 0.06 0.00 0.03 0.02 0.22 0.09 1.05 0.00 0.12 0.09 0.03 2.53 9.38 0.02 0.05 0.04 0.06 0.06 0.65 0.74 1.59 1.17 1.80 0.03 0.05 0.00 0.11 0.46 0.61 0.69 0.57 0.24 0.18 0.13 0.48 0.35 0.46 0.07 0.10 0.02 0.12 0.12 0.17 0.03 0.04 0.24 0.33 0.06 0.13 4.58 5.79 7.18 9.13 0.01 0.50 0.07 0.09 0.12 0.09 0.05 0.03 10.19 8.60 0.17 0.11 0.08 0.15 0.11 0.03 0.04 0.04 0.13 0.19 0.05 0.08 0.06 1.38 0.25 0.35 0.41 0.31 0.06 0.10 0.14 0.03 0.05 0.05 0.04 0.02 1.42 39.91 0.15 0.19 0.24 0.17 0.01 0.03 0.04 0.12 0.16 0.04 0.03 0.19 0.15 0.04

S 0.15 1.60 1.24 0.24 0.19 0.00 1.34 0.18 0.14 0.28 0.34 0.14 0.11 0.00 0.14 0.08 0.06 0.17 0.21 7.58 9.52 0.39 0.18 0.00 0.71 0.57 0.12 0.12 0.29 0.05 0.16 0.20 0.12 0.09 0.84 0.57 0.17 0.21 0.00 0.00 21.47 17.11 0.00 0.60 0.20 0.16 0.00 0.02 0.06 0.07 0.12 0.05 0.00 0.00 1.17 0.00 0.49 0.09 0.00 4.30 16.10 0.15 0.09 0.07 0.06 0.11 0.65 0.75 3.59 2.86 6.40 0.10 0.13 0.09 0.12 0.99 1.26 0.71 0.88 0.25 0.20 0.13 0.57 0.45 0.00 0.14 0.00 0.00 0.20 0.13 0.17 0.04 0.06 0.43 0.54 0.42 0.32 5.21 6.54 8.06 10.12 0.11 0.50 0.08 0.00 0.12 0.09 0.06 0.05 10.72 12.73 0.17 0.16 0.00 0.35 0.28 0.06 0.07 0.18 0.13 0.31 0.07 0.51 0.41 11.64 0.00 0.00 0.76 0.58 0.00 0.23 0.29 0.00 0.06 0.09 0.14 0.12 2.25 61.36 0.17 0.00 0.37 0.30 0.00 0.04 0.04 0.18 0.24 0.10 0.08 0.19 0.15 0.14

0.17 1.67 1.34 0.25 0.20 + 0.01 + 1.34 0.18 unch 0.15 0.28 0.34 0.14 0.11 0.00 0.14 + 0.09 0.06 0.19 + 0.23 7.82 9.76 0.40 0.20 0.00 0.76 0.61 0.12 unch 0.12 0.29 unch 0.05 unch + 0.16 0.21 + 0.13 0.10 + 0.89 + 0.71 0.17 0.21 0.54 unch 0.55 unch 21.79 unch 17.50 0.70 unch 0.90 unch + 0.21 + 0.16 + 0.05 0.03 + 0.07 0.07 unch 0.12 unch + 0.07 0.26 0.21 1.17 unch 0.93 unch 0.51 0.10 0.08 4.30 16.81 0.17 0.09 0.07 0.06 0.11 unch 0.65 0.75 + 3.75 + 3.02 + 6.44 0.11 0.15 unch 0.10 0.13 1.08 1.35 0.74 0.93 + 0.26 + 0.21 0.17 0.58 0.47 0.46 + 0.15 + 0.19 0.16 + 0.21 0.14 0.18 0.04 0.06 unch 0.45 0.56 0.43 0.34 5.39 6.70 8.40 10.49 + 0.30 0.50 + 0.08 0.10 unch + 0.13 + 0.11 + 0.07 0.05 10.97 + 13.64 0.17 0.17 0.14 + 0.39 0.31 0.06 0.07 unch + 0.21 + 0.22 0.35 + 0.13 0.57 0.45 + 13.24 0.40 unch 0.49 unch 0.77 0.62 0.13 unch + 0.29 + 0.36 0.03 unch 0.07 0.09 + 0.17 + 0.14 2.25 unch + 65.18 + 0.20 0.20 unch 0.40 0.33 + 0.23 0.04 unch + 0.05 0.19 0.24 0.10 0.08 0.19 0.15 unch 0.14

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JULY 19–AUGUST 1, 2021

Week

Exc Volume

High

Low

Last

0.11 0.34 0.00 0.14 0.47 15.57 19.54 0.11 0.30 0.23 2.59 3.26 0.80 0.46 0.05 4.82 0.00 0.20 0.25 0.01 0.19 0.15 0.04 0.16 0.21 2.40 3.00 0.00 0.00 0.00 0.00 1.75 1.39 0.42 0.56 0.06 0.09 0.20 0.24 0.08 0.00 0.23 0.12 0.00 0.00 0.29 0.00 0.00 0.24 0.00 0.03 0.18 0.14 0.23 0.18 0.67 0.57 0.48 0.00 0.11 0.87 1.08 0.32 0.59 0.47 22.53 28.26 0.54 0.68 0.44 0.43 0.19 0.24 0.35 0.28 0.00 0.26 0.73

0.12 0.40 0.02 0.14 0.51 16.16 20.12 0.12 0.31 0.25 3.30 4.25 0.85 0.48 0.05 5.97 1.65 0.21 0.26 0.02 0.20 0.16 0.04 0.18 0.21 2.56 3.18 0.03 0.05 0.06 0.20 1.81 1.44 0.52 0.63 0.06 0.11 0.20 0.26 0.11 0.00 0.23 0.12 0.13 0.00 0.30 0.36 0.01 0.24 0.20 0.03 0.19 0.14 0.26 0.21 0.70 0.57 0.48 0.09 0.11 0.88 1.11 0.34 0.64 0.53 23.27 28.97 0.56 0.68 0.51 0.43 0.20 0.26 0.37 0.29 0.01 0.30 0.76

Spearmint Res* Spey Resources Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold* St. James Gold Stakeholdr Gld Stallion Gold Standard Graph* Standard Lith Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Sterling Metal* Sterling Metal Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Min* Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery* Surge Battery Surge Copper Surge Copper* Sutter Gold* Sylla Gold Syrah Res*

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

1734 1567 216 191 59 7945 2495 1132 2534 2590 26 188 53 206 3456 2154 0 1138 2277 467 1402 75 1 13 121 185 282 0 64 301 251 159 21 208 210 54 187 54 357 371 663 242 300 282 1057 85 417 0 186 4 899 731 1488 1268 224 47 38 1 1 115 234 321 406 1290 311 29698 29664 60 364 77 117 130 95 1031 414 134 85 82

0.13 0.51 0.02 0.15 0.52 16.50 20.57 0.13 0.33 0.31 3.42 4.51 0.90 0.54 0.06 6.14 0.00 0.25 0.32 0.03 0.20 0.17 0.04 0.19 0.26 2.81 3.44 0.00 0.05 0.06 0.24 1.96 1.56 0.52 0.65 0.08 0.11 0.21 0.27 0.12 0.01 0.24 0.13 0.15 0.00 0.32 0.39 0.00 0.26 0.20 0.03 0.20 0.17 0.27 0.21 0.70 0.64 0.49 0.09 0.12 1.11 1.38 0.35 0.84 0.67 24.39 30.47 0.59 0.73 0.58 0.50 0.20 0.26 0.39 0.31 0.01 0.30 0.84

Taiga Gold Taiga Gold* Tajiri Res Talisker Res Talisker Res* Talmora Diamd Talon Metals Tamerlane Vent* Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res* Taranis Res Tarku Res Tarku Res* Tartisan Nick Tartisan Nick*

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

135 233 547 211 27 152 5945 135 83 7388 74 3614 210 348 194 16 197 6 181 49

0.20 0.16 0.09 0.35 0.28 0.03 0.56 0.00 8.09 0.08 0.65 0.52 0.23 0.27 0.08 0.10 0.12 0.12 0.54 0.44

High Low

Stock

Taseko Mines* Taseko Mines TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal Tectonic Metal* Temas Res Temas Res* Tembo Gold* Tembo Gold Tempus Res Tempus Res* Teras Res Teras Res* Terrax Mnrls Terrax Mnrls* Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res Themac Res* Thesis Gold Theta Gold* Thor Expl* Thor Expl Three Valley* Three Valley Thunder Mtn Gd* Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res* Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture TomaGold Tombill Mines* Tombill Mines Tombstone Expl* Tonogold Res* Tonopah Div Mg* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Trailbreaker Trailbreaker* Trans Canada* Trans Canada Transatlantic Transatlantic* Transition Met* Transition Met Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Triple Flag TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* TRU Precious* TRU Precious True North Gem Tsodilo Res Tudor Gold Tudor Gold * Turmalina Met

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

0.01 0.13 0.00 0.01 0.02 0.19 0.43 0.01 0.04 0.03 0.60 0.91 0.05 0.06 0.01 0.83 0.00 0.02 0.02 0.00 0.01 0.01 0.00 0.01 0.05 0.13 0.17 0.00 0.00 0.01 0.03 0.03 0.06 0.06 0.03 0.00 0.02 0.01 0.01 0.03 0.00 0.00 0.00 0.02 0.00 0.01 0.04 0.00 0.02 0.00 0.01 0.01 0.01 0.02 0.03 0.00 0.05 0.02 0.00 0.01 0.20 0.23 0.02 0.14 0.11 0.66 0.51 0.03 0.03 0.02 0.06 0.00 0.02 0.00 0.00 0.00 0.00 0.08

0.36 0.67 0.03 0.23 1.05 25.32 33.69 0.20 1.19 0.99 5.16 6.50 0.97 0.75 0.14 6.14 4.85 0.25 0.38 0.18 0.30 0.25 0.19 0.27 0.35 3.56 4.05 0.51 1.00 0.14 0.24 3.14 2.41 1.00 0.92 0.29 0.38 0.29 0.35 0.28 0.01 0.35 0.26 0.38 0.01 0.60 0.80 0.01 0.52 0.41 0.09 0.33 0.26 0.28 0.26 0.90 0.94 0.72 0.10 0.20 2.20 3.50 1.34 1.35 1.09 25.73 31.38 1.15 1.53 0.89 0.63 0.25 0.29 0.85 0.46 0.05 0.30 1.10

0.03 0.06 0.02 0.06 0.41 13.68 17.29 0.05 0.05 0.04 0.07 0.10 0.17 0.11 0.05 1.00 1.01 0.12 0.12 0.00 0.15 0.11 0.01 0.11 0.14 0.76 1.01 0.03 0.03 0.04 0.05 1.70 1.39 0.06 0.10 0.05 0.07 0.18 0.10 0.06 0.00 0.13 0.02 0.13 0.00 0.27 0.35 0.01 0.22 0.20 0.02 0.10 0.07 0.07 0.05 0.35 0.35 0.29 0.00 0.05 0.60 0.78 0.32 0.18 0.14 10.67 14.28 0.40 0.51 0.29 0.25 0.03 0.06 0.11 0.28 0.00 0.08 0.20

0.20 + 0.16 + 0.08 0.32 0.26 0.03 0.48 0.00 unch 6.81 0.07 unch 0.61 0.48 0.20 0.25 0.08 + 0.10 + 0.09 0.08 0.49 0.42 -

0.02 0.02 0.01 0.02 0.02 0.01 0.02 0.00 0.89 0.00 0.02 0.02 0.02 0.02 0.01 0.01 0.02 0.03 0.04 0.02

0.28 0.24 0.23 0.44 0.39 0.15 0.90 0.10 26.25 0.12 2.12 1.91 0.43 1.00 0.16 0.16 0.25 0.14 0.56 0.55

0.16 0.12 0.07 0.28 0.21 0.01 0.14 0.00 5.85 0.01 0.60 0.48 0.18 0.24 0.05 0.07 0.08 0.08 0.09 0.00

T 0.19 0.00 0.08 0.32 0.26 0.00 0.46 0.00 6.73 0.07 0.60 0.47 0.20 0.25 0.08 0.10 0.08 0.08 0.48 0.39

(100s)

12-month Change

Week

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

5908 1152 188 17541 8832 7 689 353 266 234 26 58 33 5 169 90 696 360 500 4 14 53 81 989 0 40 21 262 82 157 174 201 84 285 204 1114 111 302 189 140 370 1 12 2 135 87 519 510 129 150 443 2 441 0 113 1205 174 41 0 58 28 12 25 58 21 0 124 156 72 785 408 116 12 286 1351 100 7 207 19 274 54 1239 340 40 145 26 235 221 555 40 209 2206 471 15 556 1405 34 344 174 127 444

High

Low

Last

2.08 2.59 0.60 23.55 29.42 37.00 0.18 0.14 0.49 0.39 0.13 0.16 0.17 0.15 0.05 0.06 0.25 0.21 0.05 0.04 0.06 2.40 2.52 2.07 0.00 0.07 1.47 0.20 0.29 0.36 0.59 0.47 0.16 0.08 0.07 1.45 0.30 0.27 0.18 0.22 0.04 0.65 0.76 0.28 0.35 0.58 0.05 1.67 0.07 0.22 0.24 2.00 0.22 1.00 12.08 15.05 0.76 0.64 0.07 0.08 0.32 0.26 0.16 0.19 0.04 0.00 0.14 0.17 0.72 0.90 8.35 0.14 0.10 0.20 0.23 0.12 0.14 0.10 0.82 1.04 3.15 2.57 0.16 0.03 0.06 15.69 0.29 0.24 0.20 0.16 0.82 0.99 0.19 0.03 0.32 0.27 0.10 0.99 2.63 2.40 0.99

1.80 2.27 0.51 21.44 26.90 0.00 0.14 0.12 0.42 0.31 0.13 0.00 0.17 0.15 0.05 0.05 0.22 0.18 0.04 0.04 0.05 1.90 2.40 1.65 0.00 0.07 1.36 0.14 0.26 0.00 0.35 0.41 0.13 0.00 0.06 1.24 0.26 0.19 0.15 0.00 0.03 0.65 0.61 0.00 0.31 0.46 0.04 1.58 0.00 0.17 0.21 0.00 0.15 1.00 11.01 13.95 0.00 0.53 0.00 0.07 0.29 0.00 0.16 0.16 0.04 0.00 0.13 0.16 0.63 0.79 7.82 0.12 0.00 0.16 0.22 0.12 0.00 0.00 0.73 0.92 2.82 2.25 0.11 0.00 0.06 14.85 0.25 0.20 0.17 0.13 0.72 0.88 0.17 0.03 0.18 0.24 0.00 0.85 2.29 1.81 0.84

1.96 2.44 0.58 23.53 29.28 36.43 0.15 0.12 0.45 0.35 0.13 0.15 0.17 0.15 0.05 0.06 0.22 0.18 0.05 0.04 0.06 2.02 2.49 1.88 0.11 0.07 1.36 0.15 0.28 0.35 0.35 0.47 0.15 0.08 0.07 1.28 0.28 0.21 0.16 0.21 0.03 0.65 0.61 0.28 0.32 0.46 0.05 1.60 0.07 0.17 0.21 2.00 0.15 1.00 11.23 13.98 0.65 0.54 0.07 0.07 0.29 0.25 0.16 0.16 0.04 0.04 0.13 0.16 0.65 0.82 8.27 0.12 0.10 0.18 0.23 0.12 0.08 0.09 0.73 0.95 2.98 2.40 0.15 0.03 0.06 15.30 0.28 0.23 0.18 0.15 0.74 0.91 0.18 0.03 0.20 0.25 0.10 0.92 2.37 1.86 0.98

12-month Change + + + + + + unch unch unch unch unch unch unch + + unch + + unch unch + + + unch unch unch unch + unch unch + unch unch + + + + + unch + +

0.07 0.06 0.07 0.35 0.72 1.38 0.02 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.02 0.01 0.00 0.00 0.03 0.02 0.16 0.00 0.00 0.16 0.00 0.00 0.01 0.06 0.00 0.01 0.01 0.00 0.14 0.00 0.01 0.01 0.01 0.01 0.00 0.15 0.02 0.02 0.03 0.01 0.04 0.01 0.03 0.04 0.12 0.01 0.00 0.66 0.64 0.11 0.07 0.00 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.06 0.06 0.01 0.02 0.00 0.00 0.00 0.00 0.01 0.02 0.09 0.03 0.12 0.11 0.03 0.00 0.00 0.61 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.01 0.02 0.01 0.05 0.11 0.18 0.14

(100s)

High Low

Stock

2.67 3.22 0.60 26.72 32.27 42.50 0.34 0.25 2.27 1.78 0.18 0.30 0.33 0.17 0.14 0.08 0.55 0.41 0.07 0.12 0.17 3.80 4.85 4.70 0.12 0.11 1.75 0.70 0.33 0.45 0.69 1.02 0.34 0.20 0.16 1.90 0.51 0.40 0.24 0.30 0.08 1.65 2.10 0.99 1.10 0.65 0.09 1.67 0.11 0.24 0.33 3.09 0.45 1.90 19.45 25.52 1.07 0.86 0.12 0.15 0.45 0.33 0.24 0.30 0.07 0.05 0.20 0.26 1.40 1.98 9.17 0.20 0.14 0.23 0.28 0.12 0.19 0.13 2.06 2.78 3.70 3.06 0.15 0.15 0.15 16.46 0.47 0.35 0.48 0.34 1.33 1.82 0.30 0.27 0.41 0.52 0.25 0.99 4.51 3.40 1.57

Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res Typhoon Expl

O N T V O 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 Cop Universal Vent Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls Uravan Mnrls* 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* Vanstar Mng Rs Vanstar Mng Rs* Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng Vendetta Mng* Venture Mnrls* Verde Potash Verde Res* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Silver Vizsla Silver* Volatus Cap Volcanic Gold* Volcanic Gold Voyageur Min* Voyageur Min Voyageur Min VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

0.49 0.67 0.24 10.03 13.46 15.01 0.09 0.07 0.10 0.30 0.08 0.10 0.14 0.12 0.05 0.04 0.20 0.16 0.03 0.04 0.05 1.59 2.16 1.20 0.05 0.03 0.52 0.00 0.16 0.17 0.32 0.14 0.09 0.07 0.05 1.23 0.11 0.08 0.11 0.16 0.03 0.50 0.40 0.00 0.18 0.24 0.03 0.15 0.06 0.14 0.12 1.53 0.13 0.01 11.04 13.75 0.54 0.41 0.05 0.07 0.23 0.16 0.11 0.05 0.03 0.02 0.10 0.13 0.62 0.78 5.36 0.08 0.05 0.06 0.09 0.12 0.00 0.05 0.69 0.85 1.90 1.43 0.06 0.00 0.06 14.69 0.19 0.15 0.13 0.11 0.67 0.84 0.03 0.03 0.02 0.12 0.08 0.07 2.04 1.60 0.75

Week

Exc Volume

Last

12-month

High

Low

Change

296 2718 643 450 59 3576 353 430

0.79 17.26 21.48 0.05 0.04 0.00 0.02 0.05

0.69 0.79 + 15.90 17.14 + 19.98 21.38 + 0.05 0.05 0.03 0.04 0.00 0.00 0.00 0.02 unch 0.05 0.05 unch

D 131 V 51 O 83 C 351 O 2560 O 162 V 160 T 3001 O 38 V 32 O 557 O 277 V 1307 C 1570 O 1949 O 133 X 7050 N 102931 O 75 V 661 V 114 X 8280 T 652 V 1990 X 23376 O 3951 X 4426 V 541 D 1138 V 506 O 145 O 1698 V 178 V 12 O 1 N 112040 O 5440 O 272 V 338 O 106 V 267 O 51 V 97 V 227 O 31 V 247 O 430 V 13 O 4 O 17 V 3 V 594 O 45 O 43 T 87 O 134 O 3 V 1747 O 112 T 740 C 7699 O 138 C 3845 O 1567 V 68 O 59 V 397 O 147 V 264 V 1279 O 918 V 433 T 324 X 12751 O 130 V 321 V 807 O 339 C 284 O 126 V 286 O 0 C 24 V 366 O 72 V 171 V 793 O 117 V 953 O 853

11.13 0.25 0.20 0.06 17.31 0.87 1.04 0.39 0.18 0.20 0.10 0.13 0.16 0.86 0.71 0.04 1.00 24.61 0.09 0.10 1.82 1.44 1.73 0.72 2.63 0.05 4.90 3.60 3.00 0.06 0.04 0.05 0.29 0.12 0.09 22.60 0.05 0.22 0.27 0.04 0.05 0.08 0.09 0.25 0.19 0.79 0.64 0.25 0.22 0.34 0.44 0.05 0.04 0.10 0.96 0.08 0.09 0.11 15.31 19.13 0.05 0.04 0.11 0.09 0.26 0.24 0.54 0.11 0.13 0.14 0.11 0.21 1.60 1.27 0.15 0.20 2.61 2.11 0.13 0.38 0.48 0.00 0.40 0.13 0.38 0.46 0.31 0.25 0.14 0.11

High Low

0.10 0.13 0.41 0.01 0.00 0.00 0.00 0.00

1.17 21.89 26.45 0.06 0.06 0.01 0.05 0.11

0.55 7.49 9.80 0.02 0.01 0.00 0.01 0.05

0.61 0.02 0.03 0.01 0.41 0.04 0.03 0.03 0.03 0.01 0.01 0.01 0.02 0.05 0.05 0.01 0.06 0.45 0.00 0.01 0.07 0.09 0.09 0.02 0.27 0.01 0.35 0.13 0.16 0.01 0.00 0.00 0.09 0.01 0.00 0.06 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.05 0.00 0.01 0.02 0.31 0.54 0.02 0.02 0.01 0.01 0.01 0.01 0.03 0.01 0.01 0.00 0.01 0.04 0.35 0.29 0.02 0.01 0.02 0.03 0.01 0.01 0.01 0.00 0.00 0.02 0.03 0.04 0.02 0.03 0.01 0.01

17.40 0.37 0.40 0.08 30.20 2.36 2.97 0.50 0.23 0.28 0.19 0.50 0.67 1.80 1.46 0.05 2.56 29.97 0.15 0.21 3.54 1.74 2.14 1.68 3.67 0.27 14.50 4.70 3.81 0.07 0.20 0.07 0.29 0.20 0.20 23.18 0.20 0.36 0.45 0.10 0.14 0.10 0.11 0.36 0.32 1.75 2.32 0.38 0.27 0.47 0.61 0.11 0.09 0.12 1.97 1.00 0.19 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.48 0.37 0.55 0.30 0.38 0.95 0.74 0.24 1.90 1.45 0.36 0.48 2.93 2.37 0.44 0.68 0.93 0.38 0.50 0.35 0.55 0.68 0.33 0.80 0.16 0.13

6.50 0.08 0.02 0.03 0.24 0.64 0.70 0.12 0.04 0.04 0.00 0.11 0.13 0.14 0.10 0.02 0.22 6.58 0.06 0.06 1.05 0.42 0.55 0.28 0.82 0.01 1.34 1.02 0.75 0.02 0.01 0.00 0.16 0.09 0.08 10.29 0.00 0.16 0.21 0.04 0.04 0.02 0.03 0.07 0.06 0.58 0.39 0.17 0.03 0.31 0.41 0.05 0.03 0.02 0.53 0.01 0.01 0.03 8.18 10.42 0.02 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.12 0.02 0.01 0.04 1.12 0.84 0.13 0.15 1.26 0.99 0.01 0.28 0.34 0.19 0.24 0.04 0.18 0.23 0.04 0.04 0.03 0.02

U-V 10.05 0.00 0.15 0.05 15.18 0.78 0.98 0.35 0.15 0.00 0.07 0.11 0.13 0.70 0.57 0.03 0.85 21.59 0.09 0.10 1.69 1.21 1.53 0.63 2.18 0.04 3.97 3.00 2.40 0.05 0.04 0.04 0.19 0.00 0.09 21.18 0.04 0.20 0.26 0.04 0.00 0.06 0.08 0.20 0.16 0.69 0.56 0.00 0.00 0.34 0.00 0.00 0.04 0.09 0.90 0.06 0.08 0.09 14.12 17.64 0.03 0.02 0.08 0.06 0.00 0.18 0.46 0.09 0.12 0.13 0.09 0.16 1.16 0.92 0.13 0.16 2.41 1.91 0.12 0.33 0.41 0.00 0.37 0.11 0.33 0.41 0.24 0.20 0.10 0.08

10.36 0.21 0.16 0.05 16.24 0.80 1.00 0.36 0.15 0.19 0.08 0.11 0.14 0.79 0.63 0.03 0.90 24.54 0.09 0.10 1.80 1.28 1.59 0.71 2.30 0.04 4.40 3.34 2.68 0.05 0.04 0.04 0.29 0.12 0.09 22.42 0.04 0.22 0.26 0.04 0.05 0.08 0.09 0.25 0.17 0.70 0.58 0.25 0.22 0.34 0.44 0.05 0.04 0.09 0.94 0.07 0.08 0.10 15.23 18.92 0.03 0.02 0.08 0.07 0.26 0.21 0.47 0.10 0.12 0.13 0.10 0.21 1.16 0.94 0.13 0.16 2.55 2.04 0.12 0.36 0.44 0.36 0.40 0.12 0.34 0.42 0.28 0.21 0.13 0.10

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

(100s) Stock

Exc Volume

Week High

Low

12-month

Last

Change

High Low

W-Z Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds Wesdome Gold* Wesdome Gold West High Yld West Mining West Mining* West Red Lake* West Red Lake West Vault Western Areas* Western Atlas* Western Atlas Western Copper* Western Copper Western Gold Western Mag Western Mag* Western Potash Western Res* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Gold* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* WestMountain* Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Whitehorse GC Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res Wolfden Res* Wolfeye Res World Copper X-Terra Res X-Terra Res* Xanadu Mines Xanadu Mines* Xander Res* Xander Res Xemplar Egy* Xiana Mng Xiana Mng* Ximen Mining* Ximen Mining Xplore Res Xtierra Inc Xtra-Gold Res* Xtra-Gold Res Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zacatecas Silv Zacatecas Silv* Zadar Ventures* 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

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

7 124 369 1183 1745 116 770 227 1144 860 21 5 326 2537 121 580 271 278 509 130 11 1 350 2770 792 20 585 1090 36 2 10 155 329 4 507 217 16 2050 27 27 1 2510 7908 5 153 192 2 530 469 15 100 0 72 167 45 1474 3024 838 92 42 237 321 1292 207 71 10 46 101 28 0 22 69 80 135 174 18 38 9788 69886 490 27 355 392 420 3 788 240 5 188 163 105 181 36 110 6 16 330

0.07 0.06 0.08 0.47 0.58 0.07 0.09 0.05 0.31 0.38 0.70 0.09 9.97 12.44 0.26 0.22 0.18 0.06 0.07 1.14 1.83 0.05 0.06 2.23 2.74 0.35 0.25 0.21 0.20 0.15 0.16 2.76 2.24 1.54 0.69 0.54 0.18 0.22 0.34 0.21 3.75 56.50 45.45 0.11 0.56 0.70 0.07 0.09 0.04 1.58 1.59 0.00 0.20 0.11 0.08 0.09 0.09 0.50 0.30 0.24 0.69 0.42 0.10 0.07 0.04 0.04 0.10 0.13 0.01 0.00 0.06 0.23 0.26 0.10 0.08 0.86 1.05 5.49 4.43 0.00 0.05 0.06 1.11 0.90 0.09 3.51 2.90 0.18 0.17 0.14 0.27 1.21 0.98 0.18 0.15 0.18 0.24

0.04 0.04 0.01 0.01 0.07 0.07 unch 0.41 0.43 0.51 0.53 0.06 0.06 0.08 0.08 0.04 0.04 + 0.27 0.28 0.33 0.35 0.00 0.65 + 0.00 0.09 unch 9.40 9.82 + 11.70 12.22 + 0.20 0.25 + 0.19 0.21 0.16 0.17 0.05 0.06 0.00 0.07 1.05 1.10 + 1.76 1.76 0.05 0.05 unch 0.06 0.06 unch 1.88 2.02 2.37 2.50 0.35 0.35 unch 0.22 0.25 + 0.17 0.20 + 0.18 0.19 + 0.15 0.15 0.16 0.16 unch 0.00 2.48 1.86 1.95 1.54 1.54 unch 0.56 0.67 + 0.44 0.54 + 0.16 0.16 0.21 0.22 unch 0.25 0.29 0.19 0.20 + 3.75 3.75 unch 54.25 55.32 + 43.26 44.46 0.09 0.11 + 0.50 0.51 0.63 0.63 0.06 0.06 0.08 0.08 0.03 0.04 + 1.48 1.56 + 1.41 1.48 0.00 0.15 unch 0.00 0.20 + 0.09 0.09 0.08 0.08 unch 0.08 0.09 0.06 0.07 0.40 0.43 0.29 0.30 0.22 0.23 0.00 0.62 0.34 0.36 + 0.08 0.09 0.00 0.07 + 0.00 0.04 unch 0.04 0.04 unch 0.10 0.10 0.12 0.12 + 0.00 0.00 0.00 0.08 unch 0.06 0.06 unch 0.20 0.20 0.00 0.25 0.09 0.09 0.00 0.07 0.80 0.81 1.00 1.01 5.08 5.25 4.05 4.23 0.00 1.33 unch 0.05 0.05 unch 0.05 0.05 1.03 1.05 0.84 0.84 0.09 0.09 unch 2.85 3.23 2.26 2.60 0.18 0.18 unch 0.14 0.17 + 0.11 0.13 0.25 0.25 0.71 0.90 0.00 0.72 0.17 0.17 0.14 0.14 0.18 0.18 unch 0.22 0.22 -

0.01 0.05 0.00 0.03 0.03 0.01 0.01 0.01 0.02 0.02 0.03 0.00 0.28 0.42 0.04 0.01 0.01 0.01 0.01 0.05 0.07 0.00 0.00 0.10 0.10 0.00 0.01 0.01 0.01 0.00 0.00 0.25 0.26 0.00 0.07 0.05 0.02 0.00 0.03 0.01 0.00 0.13 0.30 0.01 0.03 0.04 0.01 0.01 0.00 0.08 0.11 0.00 0.01 0.02 0.00 0.01 0.00 0.04 0.01 0.01 0.05 0.02 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.03 0.01 0.01 0.01 0.05 0.04 0.05 0.09 0.00 0.00 0.01 0.04 0.04 0.00 0.25 0.23 0.00 0.01 0.01 0.01 0.22 0.25 0.01 0.00 0.00 0.02

0.12 0.11 0.15 1.01 1.33 0.11 0.15 0.07 0.38 0.45 0.79 0.15 11.37 15.00 0.30 1.70 1.16 0.15 0.21 1.99 2.43 0.14 0.19 2.83 3.35 0.69 0.26 0.22 0.37 0.19 0.33 3.40 2.76 2.05 1.25 0.93 0.22 0.30 0.39 0.32 7.00 76.69 57.89 0.11 1.01 1.34 0.12 0.17 0.05 1.65 4.80 0.29 0.36 0.15 0.11 0.20 0.18 2.34 0.36 0.40 1.54 0.78 0.25 0.18 0.11 0.05 0.20 0.45 0.47 0.12 0.13 0.60 0.80 0.14 0.23 1.22 1.54 9.29 7.02 1.33 0.06 0.08 1.89 1.05 0.96 3.77 2.97 0.25 1.15 0.88 0.30 5.00 1.27 0.23 0.19 0.24 0.33

0.03 0.01 0.07 0.36 0.51 0.01 0.07 0.02 0.05 0.07 0.25 0.06 6.05 7.78 0.10 0.18 0.16 0.05 0.07 1.00 1.25 0.04 0.06 0.95 1.24 0.28 0.10 0.08 0.15 0.11 0.11 0.48 0.35 1.50 0.50 0.40 0.10 0.11 0.07 0.10 0.55 44.09 34.85 0.08 0.44 0.55 0.04 0.05 0.00 0.63 0.57 0.09 0.13 0.08 0.06 0.08 0.05 0.43 0.15 0.12 0.48 0.29 0.08 0.05 0.03 0.04 0.08 0.10 0.00 0.04 0.02 0.19 0.24 0.05 0.07 0.47 0.65 5.06 3.99 0.73 0.01 0.04 1.00 0.84 0.09 0.39 0.30 0.08 0.13 0.10 0.11 0.71 0.01 0.08 0.06 0.13 0.16

BID-ASK — JULY 5–9, 2021 12-MONTH STOCK

79 Resources Aftermath Silv AJN Resources Alacer Gold Allied Copper Amilot Capital AMV Capital Angel Gold Anglo-Bomarc Antler Hill Apex Res Archer Explor Arctic Fox Ven Arcturus Vent Asbestos Corp Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aurora Royal Aust Goldfield Austin Res Avarone Metals Aya Gold Banro Corp* Barker Min BC Moly BE Res Bearclaw Cap Bessor Min Black Shield Boss Power Brunswick Res Buccaneer Gold Bullet Explor Bullion Gold BWR Explor C2C Gold Cache Explor Cairo Res Camrova Res Canamera Energ Cassius Vents Castle Peak Mg Centurion Mnls Cerro de Pasc Cerro Mng Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds Comstock Mtls Crystal Peak CWN M’g Acq Doubleview Gld Duro Metals Earl Res EastCoal Inc Electra Stone Eurotin Everton Res Evolution Glob Excalibur Res ExGen Res Inc Exploits Disc Explorex Res

EXC

BID

ASK

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

0.10 0.24 0.22 9.41 0.32 0.05 0.12 0.03 0.08 ... 0.07 0.29 0.16 0.02 0.55 0.03 0.03 0.33 0.13 0.04 0.05 ... 0.09 ... 1.94 0.11 0.01 0.09 0.01 0.25 0.06 0.17 0.17 ... 0.09 0.13 0.06 0.04 ... 0.16 ... ... 0.34 0.07 0.02 ... ... 0.10 0.15 1.45 0.07 2.85 0.10 0.01 0.07 1.00 0.22 0.41 0.12 0.01 0.02 0.10 1.50 0.09 0.11 ... 8.70

0.12 0.25 0.35 9.52 0.57 0.06 0.15 0.04 0.08 ... 0.11 0.75 0.44 0.03 0.85 0.03 0.04 0.40 0.14 0.06 0.06 ... 0.11 ... 2.19 0.11 0.01 0.22 0.37 0.33 0.07 1.00 0.20 0.05 0.11 0.23 0.15 0.04 ... 0.17 ... 0.06 0.50 0.14 0.02 0.07 ... 0.79 0.25 3.20 0.10 3.55 0.11 0.02 0.09 1.00 0.48 0.65 0.17 0.02 0.02 0.10 3.00 0.10 0.13 ... 9.00

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.25 0.28 9.47 0.41 0.06 0.12 0.04 0.15 0.18 0.10 0.75 0.16 0.03 0.67 0.03 0.03 0.40 0.14 0.05 0.07 0.47 0.09 0.04 2.01 0.11 0.01 0.08 0.20 0.25 0.07 0.15 0.17 0.03 0.08 0.13 0.10 0.04 0.11 0.16 0.37 0.07 0.32 0.07 0.02 0.07 0.29 0.60 0.16 1.43 0.07 2.85 0.10 0.01 0.07 0.72 0.24 0.45 0.17 0.01 0.02 0.03 2.00 0.10 0.13 0.59 9.50

0.25 0.33 0.45 10.82 0.68 0.08 0.26 0.07

0.10 0.05 0.15 3.50 0.15 0.04 0.11 0.02

0.17 0.75 0.16 0.18 0.99 0.08 0.04 0.55 0.15 0.05 0.10 0.47 0.13 0.15 2.50 2.10

0.09 0.08 0.16 0.01 0.46 0.02 0.03 0.22 0.03 0.03 0.03 0.42 0.08 0.03 0.82 0.10

0.09 0.20 0.60 0.10 0.15

0.04 0.12 0.10 0.04 0.11

Finore Mng Firestone Vent First Idaho Fort St James Forty Pillars Freedom Egy Galore Res GAR Limited General Moly* Gespeg Res Global Cop Grp GobiMin Goldblock Cap Golden Cariboo GoldHaven Res Goldhills Hldg Goldshore Res Great Lakes Gr Green Arrow Grosvenor Res GrowMax Res Guardian Exp Handa Mining Hemlo Expl HFX Holding Highbury Proj Highvista Gold Hylands Intl IEMR Res Indico Res Inspiration Mg Interconnect Intl Battery Iron South Mng Ivor Explor Jubilee Gold K9 Gold Karam Min Karora Res Kingsmen Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Lithium South Logan Res Lovitt Res Madeira Mrnls MAG Silver* Martina Mnls Mazarin Mega Copper Melior Res Meryllion Res Metalo Manuf MillenMin Vent Minecorp Egy Mineral Hill Minsud Res ML Gold Corp Mongoose Mg Montana Gold Montego Res Napier Vent

0.14 0.45 0.28 0.08 0.15 0.33 0.37

0.05 0.13 0.01 0.02 0.03 0.09 0.37

0.39 0.08 0.04

0.25 0.07 0.01

0.34 0.60 0.20 7.17 0.07 3.25 0.14 0.10 0.08 0.91 0.27 0.55 0.17

0.12 0.31 0.08 0.98 0.03 2.00 0.07 0.01 0.03 0.20 0.13 0.17 0.09

0.06

0.01

2.00 0.11 0.20 0.62 10.50

2.00 0.01 0.08 0.13 3.90

EXC

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

BID

0.12 0.13 0.10 0.29 0.13 0.02 0.02 ... ... 0.06 0.07 0.26 0.18 0.10 ... 0.16 ... 0.05 0.02 0.16 0.04 0.11 0.04 0.30 0.04 0.19 ... 0.03 0.03 ... ... 0.08 ... 0.24 0.35 0.75 0.17 0.14 0.47 0.15 0.05 0.04 0.03 ... ... 0.11 0.10 0.31 0.25 0.18 ... 12.52 0.05 0.17 0.14 0.30 0.13 0.18 ... ... 0.23 0.07 0.13 ... 0.09 0.03 0.06

ASK

LAST

0.12 0.24 0.98 0.35 0.24 0.02 0.02 ... ... 0.06 0.08 0.31 0.35 0.12 ... 0.32 375.00 0.05 0.03 0.25 0.04 0.12 0.05 0.35 0.08 ... ... 0.05 0.04 0.01 ... 0.16 ... 0.27 0.38 0.89 0.24 0.31 0.48 0.17 0.06 0.20 0.04 ... ... ... 0.10 0.34 0.25 0.21 ... 13.30 0.17 0.19 0.30 0.30 0.14 0.20 0.06 ... 0.25 0.10 0.14 ... 0.10 0.03 ...

0.11 0.20 0.10 0.35 0.13 0.01 0.02 0.15 0.11 0.06 0.08 0.24 0.32 0.10 0.42 0.25 0.11 0.04 0.02 0.14 0.09 0.12 0.04 0.30 0.05 0.20 0.17 0.03 0.03 0.01 0.03 0.10 0.31 0.24 0.35 0.74 0.24 0.14 0.48 0.15 0.05 0.06 0.03 1.09 0.24 0.26 0.11 0.31 0.30 0.21 0.03 12.52 0.07 0.17 0.14 0.08 0.12 0.15 0.05 0.12 0.28 0.07 0.13 0.12 0.10 0.03 0.07

12-MONTH

HIGH

LOW

0.30 0.10 0.43 0.38

0.11 0.07 0.10 0.11

0.03 4.13 100.00 0.12 0.11 0.37 0.32 0.15 0.45 0.33 1.20

0.01 0.13 0.10 0.06 0.04 0.21 0.16 0.02 0.06 0.08 0.48

0.04 0.20

0.02 0.14

0.20 0.06 1.11 0.11 0.30

0.10 0.01 0.29 0.05 0.20

0.06 0.05

0.03 0.01

0.11

0.07

0.28 0.42 0.90 0.28 0.30 0.73 0.24 0.13 0.09 0.16

0.04 0.20 0.43 0.16 0.11 0.20 0.11 0.04 0.05 0.02

0.27 0.30 0.35 0.66 0.37 0.60

0.13 0.17 0.11 0.24 0.08 0.09

14.40 0.18 0.20 0.29 0.08 0.20 0.30

6.12 0.05 0.05 0.10 0.03 0.05 0.08

0.20 0.30 0.10 0.16 0.22 0.10 0.06 0.08

0.07 0.13 0.05 0.09 0.05 0.02 0.01 0.06

STOCK

Navis Res Corp Nebu Res Nevado Res New Klondike Newmac Res Nexco Res Norse Gold O2Gold Odyssey Res Olivut Res Optimum Vent Ord Mountain Pac Arc Res Pacific Silk Paleo Resource Parallel Mng Patriot Batt Philippine Mtl PPX Mining Primary Energy Project One Prospero Silvr Quinto Res Rackla Metals Rare Element* Reliant Gold Remington Res Rizal Res Rockland Mnls Ross River Samco Gold Savannah Min Secova Mtls Sennen Potash Serabi Gold Sonora Gld & S Southern Arc Southstone Min Stans Energy Stuve Gold Supernova Met Sylla Gold Three Valley Thunder Mtn Gd Tiger Intl Trench Metals Tri-River Vent TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Venerable Vent Waraba Gold Western Atlas Western Gold Western Troy C Westkam Gold Whitemud Res Winshear Gold Worldwide Res Xiana Mng Zadar Ventures Zara Res Zena Mining Zinco Mng Zincore Mtls

EXC

BID

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

... 0.04 0.15 0.01 0.15 0.30 0.07 0.23 0.04 0.05 0.42 0.20 0.20 0.03 0.02 0.13 0.09 0.08 0.04 ... 0.31 0.55 0.05 0.47 0.11 ... 0.14 0.01 0.07 ... 0.01 0.28 0.05 0.01 1.13 0.08 0.32 0.01 0.01 0.18 0.05 0.24 0.45 0.10 0.14 0.55 ... 0.11 ... 0.06 0.10 0.05 0.10 0.19 0.06 0.32 0.16 0.20 0.01 0.12 0.06 0.07 0.50 ... 0.18 0.05 0.01

ASK

... 0.04 0.16 0.01 0.26 0.59 0.10 0.27 0.06 0.06 0.54 0.20 0.26 0.04 0.03 0.56 0.10 0.11 0.05 ... 0.35 1.18 0.07 0.47 0.16 0.10 0.36 0.02 0.08 0.22 ... 0.32 0.06 1.10 1.18 0.08 0.90 0.01 0.01 0.42 0.06 0.35 0.47 ... 0.38 0.55 ... 0.12 ... 0.07 0.10 ... 0.25 0.24 0.07 0.40 0.23 0.23 0.02 0.14 0.07 0.08 0.50 ... 0.26 0.07 0.05

LAST

0.30 0.04 0.14 0.01 0.29 0.30 0.07 0.23 0.04 0.05 0.52 0.20 0.26 0.04 0.03 0.15 0.10 0.10 0.04 0.17 0.36 0.56 0.08 0.41 0.15 0.02 0.22 0.02 0.08 0.26 0.05 0.29 0.05 0.45 1.17 0.09 0.89 0.01 0.01 0.25 0.06 0.30 0.47 0.12 0.20 0.55 0.04 0.12 10.24 0.07 0.09 0.10 0.12 0.21 0.06 0.35 0.16 0.22 0.02 0.14 0.06 0.08 0.30 0.07 0.18 0.05 0.05

HIGH

LOW

0.19

0.07

0.31 0.40 0.17 0.37 0.07 0.11 0.60

0.05 0.10 0.05 0.06 0.04 0.03 0.33

0.26 0.06 0.04 0.19 0.18 0.12 0.10 0.82 0.60 1.35 0.08 0.50 0.89

0.15 0.02 0.01 0.12 0.08 0.04 0.04 0.16 0.18 0.51 0.07 0.14 0.06

0.37

0.13

0.11

0.01

2.00

0.20

2.06 0.10 0.93 0.04

1.05 0.04 0.24 0.01

0.55 0.32 0.30 1.02 0.29 0.30 0.22

0.21 0.05 0.08 0.14 0.09 0.09 0.04

0.12 11.10 0.13 0.13

0.03 6.57 0.07 0.04

0.15 0.70 0.19 0.69 0.33 0.30 0.03 0.15 0.09 0.12 0.32 0.22 0.25

0.10 0.10 0.06 0.28 0.11 0.11 0.01 0.05 0.02 0.04 0.28 0.07 0.08

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JULY 19–AUGUST 1, 2021 / THE NORTHERN MINER

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UPCOMING SYMPOSIUM SCHEDULE

2021 Q3 Global Mining Symposium September 22-23, 2021

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OCTOBER 13-14, 2021 events.northernminer.com /suppliers-symposium/