The Northern Miner July 22 2019 Issue 15 by The Northern Miner Group

NICARAGUA: B2GOLD SELLS ASSETS TO CALIBRE MINING IN US$100M DEAL / 3 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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Generation options Sibanye-Stillwater’s Marathon | Palladium peaked at US$1,600 per oz. in March

ONTARIO PGMS

BY TRISH SAYWELL tsaywell@northernminer.com

At Rockcliff Metals’ Bucko mill near Wabowden, Manitoba, from left: Bruce Durham, advisor; Greg Robinson, senior geologist; Ken Lapierre, vice-president of exploration; and Alistair Ross, president and CEO. ROCKCLIFF METALS

Rockcliff gears up to drill in Snow Lake MANITOBA

| Cashed-up junior to drill 100,000 metres

BY STAN SUDOL Special to The Northern Miner

t the Prospectors and Developers Association of Canada (PDAC) convention in Toronto in March 2018, Rockcliff Metals (CSE: RCLF) was a struggling junior with a large land package in the lesser known but geologically rich Flin Flon–Snow Lake (FF–SL) greenstone belt, with eight highgrade, base-metal volcanogenic massive sulphide (VMS) deposits and five gold properties. It began as a tough year for Rockcliff, and it turned even rougher the week before the PDAC convention, when Kenneth Lapierre, Rockcliff’s president and CEO at the time, slipped on freshly fallen snow when taking out the garbage at home. Not thinking much about his sore ankle, the six-foot-three-inch, former hockey-playing, karate-

practising jock then started shovelling the driveway. Twelve hours later, the swelling and pain in his ankle demanded a trip to the doctor, where he learned that it was broken, and that he had torn all the soft tissue. For the entire PDAC, Lapierre used a knee walker that resembled a scooter to get around, plus painkillers. To add to his misery, a failed financing with B.C. investors was confirmed during the convention. A smaller-than-expected, mid2018 financing that allowed exploration work and a three-to-one stock consolidation further highlighted Rockcliff’s struggles. One of the few bright spots was that Rockcliff’s former Tower highgrade copper-zinc deposit — which had been sold to merchant bank Norvista Capital for a 1.5% net smelter return royalty — was being investigated for production by the bank’s Akuna subsidiary. Norvista

has equity positions in a portfolio of four base and precious metals exploration and development projects in Canada, the U.S. and Mexico. “The first half of 2018 was turning into one of our toughest periods, ever,” Lapierre says in an interview. “But the Flin Flon–Snow Lake camp has such enormous potential. With a hundred years of mining activity, I believe our strategically consolidated properties in that camp will favourably position our company. There are many more Tower deposits to be found, as well as our promising gold properties — two of which caught the interest of Kinross.” Founded by Lapierre in 2005, Rockcliff Metals has followed the model of the since-acquired, Sudbury-based miner FNX Mining, which got non-core assets from the dominant producer in an established mining district. Whereas FNX picked up nickel See ROCKCLIFF / 2

inancier Jamie Levy and mine builder Kerry Knoll have kept busy since selling Pine Point Mining and its zinc project in the Northwest Territories last year to Osisko Metals (TSXV: OM) for $35 million. Through their company Generation Mining (CSE: GENM), the pair have just completed an option deal to acquire a 51% interest in Sibanye-Stillwater’s (NYSE: SBGL) Marathon platinum group metals (PGM) deposit, 10 km north of Marathon, Ontario. Generation Mining will secure a majority stake in the deposit, form a joint venture with SibanyeStillwater, and become the project’s operator. “We are thrilled to be able to acquire the largest undeveloped palladium project in North America at a time when the fundamentals for the commodity have never been better,” Levy, the company’s president and CEO, tells The Northern Miner in an interview from his office in Toronto. The palladium price has moved from US$530 per oz. in 2010 to US$1,571 per oz. at press time, after hitting a peak of over US$1,600 per oz. in March, and could continue its upward trajectory as demand for the metal rises, with no immediate supply increases available, the mining executives say. They point to a Johnson Matthey report, released in May, which notes that 2018 marks the seventh year of deficit in the palladium market, and warned that the deficit this year “looks set to widen dramatically,” as “stricter emissions legislation” for

automobiles is “forecast to trigger a step change in demand from Chinese automakers.” The consulting firm says the palladium deficit this year could exceed 1 million oz., up from 2018’s deficit of 120,000 ounces. Eighty-five percent of the world’s palladium is used in catalytic converters, which are designed to stem emissions from gasoline-fuelled cars. A typical automobile uses between 3 and 7 grams of palladium, and the loads are increasing globally — especially in Europe — to lower emissions. “It’s a fascinating area to be in, because there literally isn’t enough palladium,” says Knoll, Generation Mining’s chairman. “We are very pleased to obtain this project for a fraction of the amount previously spent on it, and at a time when palladium prices are near record highs.” Under the option agreement, Generation Mining can earn an See GENERATION / 6 PM40069240

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Rockcliff gears up to drill in Snow Lake ROCKCLIFF From 1

assets from the majors in Sudbury, Rockcliff has acquired assets from Hudbay Minerals (TSX: HBM; NYSE: HBM). The junior has also staked property in the region and secured deals with prospectors and other juniors. New financing Rockcliff’s fortunes turned in the third quarter of 2018, when Lapierre was approached by private equity fund Greenstone, which was attracted by the junior’s land package in the FF–SL greenstone belt. Greenstone has US$430 million in committed, long-term capital focused on the mining and metals sector. “Greenstone liked what we had and liked what Norvista had, but loved them both together,” Lapierre says. “What a difference a year makes!” By the PDAC convention of March 2019, Rockcliff was negotiating a return of two significant assets with Norvista, which would see Rockcliff take back the Tower deposit and its option to earn a 51% interest in the Talbot high-grade copper-zinc deposit, as well as a leased 1,000-tonneper-day, permitted mill just up the highway from both assets for an equity position in Rockcliff. Norvista would subsequently see its 6% stake in Rockcliff rise to 28%, after a new share issue. Greenstone, which previously owned no Rockcliff shares, would acquire 42% from that new share issue for the aggregate value of $20 million. Rockcliff raised another $8.76 million through a f low-through financing that transformed the junior into a fully funded mine developer and explorer, with $29 million in the bank. Rockcliff moved from the TSX

Venture Exchange to the Canadian Securities Exchange to save money, and make transactions quicker. In April, veteran mining executive Alistair Ross was appointed Rockcliff president and CEO to lead the company in its next phase of growth, with Lapierre taking the role of Rockcliff’s vice-president of exploration. Ross has broad experience in small and large projects, with past work at Rio Tinto in Zimbabwe, Phelps Dodge in New Mexico and as president of Lonmin’s South African operations from 2005 to 2008. He also spent a combined seven years with Inco/Vale, most recently being responsible for the team that rebuilt and introduced new mining technology into the Sudbury underground operations, which consisted of six mines and some 2,000 employees. “Rockcliff has amassed a great tract of land, already developed several near-term production opportunities, and has many more prospective targets that are worthy of rapid and intensive exploration,” Ross said in a release announcing his appointment. “I also look forward to implementing state-of-the-art mining technology in our development projects that should see a 15% improvement in bottom line performance over conventional mechanized mining methods.” Wit h t he new management changes in place, Rockcliff plans to complete over 100,000 metres of exploration drilling over the next year and a half. The first property to be looked at for a production scenario is Tower, which has high-grade, excellent infrastructure, low-cost electricity, and low anticipated capital costs. Lapierre says: “We look forward to working with our First Nations communities, and will continue to

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nurture a positive and productive relationship as we transition from an explorer to a developer, and finally into a producer.” Rockcliff is considering a hub and spoke development strategy using a central mill that could help the company transition into a copperfocused producer, with relatively low capital costs. As part of the transaction, Rockcliff acquired a seven-year processing lease on the Bucko Mill and tailing-storage facilities at the Bucko Lake mine near Wabowden, Manitoba. With 100% ownership of the Tower property, Rockcliff will develop a resource that already stands at a National Instrument 43-101 compliant 1.08 million indicated tonnes grading 3.73% copper, 1.05% zinc, 0.55 gram gold per tonne and 17.28 grams silver per tonne. Another 1.25 million tonnes lie in the inferred category and grade 2% copper, 1.02% zinc, 0.27 gram gold and 9.78 grams silver. Rockcliff aims to grow into a 15,000- to 20,000-tonne-per-year copper producer, and its ultimate goal would be to hit 50,000 tonnes of annual copper output. Kinross buy-in In April 2018, Kinross Gold (TSX: K; NYSE: KGC) had optioned the Laguna and Lucky Jack gold properties from Rockcliff for $5.5 million in expenses for a 70% interest. Both properties are in the historic Herb Lake gold camp — Manitoba’s first and highest-grade gold camp. Kinross’s initial commitment of $1.25 million in exploration expenses over two years was completed within the first six months. The major will continue with the option by budgeting another $1 million during 2019, which includes more diamond drilling. The Laguna mine historically produced 60,000 oz. gold averaging over 20 grams gold per tonne up to the late 1930s, and was last drilled in 1944. Back then, the mine was called Herb Lake, and production stopped due to its lack of exploration to replace dwindling reserves during to the Second World War and never restarted. The Snow Lake VMS mining camp was originally known for gold. Historic gold production between 1916 and 2005 from this camp is estimated at 1.5 to 2 million oz. gold, from relatively shallow depths. There is a 2,000-tonne-per-day gold mill within trucking distance of the Laguna and Lucky Jack properties.

Bur zinc Rockcliff’s Bur property hosts the high-grade, historical Bur zinc deposit and is only 22 km by road from Hudbay’s copper-zinc concentrator in the Snow Lake camp. Bur is considered one of the highest-grade, undeveloped zinc-copper VMS deposits in the belt, and is open along strike and at depth. In May, Rockcliff announced near-surface, high-grade massive sulphides at Bur from the secondphase winter drilling campaign, highlighted by 17.95% zinc equivalent across 6 metres and 15.03% zinc equivalent across 4 metres. Rockcliff intends to drill over 10,000 metres at Bur in 2019 to prove up more resources. Geological background The Flin Flon–Snow Lake greenstone belt is the most prolific and highestgrade Paleoproterozoic VMS district in the world, and is rich in copper, gold, zinc and silver. The belt also contains primary gold mines and gold deposits. In Canada, the contained value per square kilometre of this greenstone belt is significantly more than the better-known Abitibi belt that crosses northeastern Ontario and northwestern Quebec. The FF–SL greenstone belt is 250 km long (the western portion crosses into Saskatchewan), and 150 km wide. Just as the mineral-rich Sudbury basin was the starting point for former nickel mining giants Inco and Falconbridge, the FF–SL greenstone belt provided the platform for Hudbay’s rapid growth, which started in 1930 in Flin Flon, Manitoba. The belt has been home to over 30 high-grade, copper-zinc mines and eight gold mines over the past hundred years. The belt is divided in two halves: the northern half of exposed Canadian Shield rock outcrops is where most exploration occurs, and where mines are found. Lapierre describes the southern half as being “covered with limestone, and as a result, has had significantly less exploration, in spite of the fact that this greenstone belt is greater in size under the limestone cover. It is only in the last few decades that geophysical programs have been able to penetrate below the limestone and identify areas where the highly conductive mineral deposits have concentrated.” Grade is king Nineteen of the 30 VMS mines that have gone into production since the

1930s began with less than 2 million tonnes of reserves. And during their mine life, the mine reserve tonnages on average grew 2.5 times, with more drilling. The greatest example of this is the legendary Flin Flon mine, which started production in 1930. The initial resource was 14 million tonnes, but over 60 million tonnes was produced over the next 62 years, until the mine closed in 1992. Since the first Hudbay mine went into production, the FF–SL greenstone belt has produced slightly over 200 million tonnes of VMShosted copper, zinc, gold and silver production. The town and original deposit’s name is taken from the lead character in a paperback novel The Sunless City by J. E. Preston Muddock. The novel’s protagonist Josiah Flintabbatey Flonatin piloted a submarine through a bottomless lake where he passed into a strange underground world through a hole lined with gold. A copy of the book was said to have found and read by prospector Tom Creighton, who discovered the deposit. Subsequent historical research has largely confirmed that Aboriginal trapper David Collins is the person who showed Tom Creighton the Flin Flon deposit. Creighton, being a professional prospector, immediately recognized the significance of the discovery, while Collins did not. For the record, both men deserve equal billing as co-discoverers. The town of Flin Flon grew considerably during the 1930s as farmers, who were impoverished by the Great Depression, abandoned their farms and came to work at the mines. Hudbay in the belt With almost 90 years of mineral production in the FF–SL camp, Hudbay Minerals still has many ongoing operations. Its 777 mine, which started in 2004, produces zinc, copper, gold and silver. The mine life is projected until 2021. The Lalor mine also produces zinc, copper, gold and silver, and is in the Chisel basin of the Flin Flon greenstone belt. Initial production began in August 2012, and the mine reached commercial production in the third quarter of 2014. The company also has processing facilities that include the Flin Flon concentrator and a modern zinc plant in the town of Flin Flon. In addition, a refurbished concentrator in Snow Lake processes 3,000 tonnes per day of ore production from the Lalor mine, and produces zinc and copper concentrates. Manitoba is consistently ranked as one of the world’s top mining jurisdictions, according to the Fraser Institute’s annual report on global mining jurisdictions. Highways and rail infrastructure, low-cost electric power, local mining expertise and labour, First Nations support and agreements, and several operating mines and mills all add to the appeal of the prolific FF–SL mining belt. Over the next two years, Rockcliff will implement one of the largest copper- and zinc-focused exploration programs undertaken anywhere in the world by a junior resource company. Kinross will advance the optioned two gold properties, and Rockcliff will further explore the company’s three other gold properties. Comments Lapierre: “Rockcliff Metals is a de-risked opportunity, in a de-risked jurisdiction, run by mine builders and discoverers that have done it all before, and supported by a major tier-one private equity mining and metals firm as a new cornerstone investor. In this market, it doesn’t get any better than that.” — Stan Sudol is a Toronto-based communications consultant, freelance mining columnist and owner–editor of www.republicofmining.com, a mining news aggregator website.

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B2Gold sells Nicaraguan mines to Calibre | US$100M deal will leave miner with 31% of Calibre’s shares shareholders. raguan assets rotates its operational “WE WILL ALWAYS Johnson says management felt the focus into mines generating higher timing was right, as it focuses on HAVE FOND magnitudes of operating cash flow building bigger mines now. “These MEMORIES OF and margin through a lower-cost are on the smaller end for us, and asset base [i.e. Fekola].” would be about 15% of our gold NICARAGUA — B2Gold owns 100% of each mine, production this year, and less next IT’S WHERE WE which are both open-pit and underyear, as we’re expanding Fekola. It STARTED, AND ground operations. La Libertad is 110 also lowers our overall costs, so it’s km east of Managua, Nicaragua’s WHERE WE’VE HAD capital, and El Limon is 100 km a real win-win.” Even with less of its gold produc- GREAT SUCCESS.” northwest of the city. GOLD

BY TRISH SAYWELL

tsaywell@northernminer.com

2Gold (TSX: BTO; NYSE-AM: BTG) is selling its El Limon and La Libertad gold mines — Nicaragua’s largest gold mines — along with its Pavon gold project and other mineral concessions in the country, to Calibre Mining (TSXV: CXB), in a deal worth US$100 million. Calibre Mining, in which B2Gold already owns an 11.9% stake, will pay B2Gold US$40 million in cash, US$40 million in common shares — valued at 60¢ per share — another US$10 million in cash a year after the transaction closes, and a US$10million convertible debenture. After the transaction, B2Gold will own 31% of Calibre’s shares, and, if B2Gold converts the US$10-million debenture, its shareholding would increase to 35%. The deal will help B2Gold focus on its higher-margin gold mines — such as Fekola in Mali, Otjikoto in Namibia, and Masbate in the Philippines — while lowering its overall cash costs, as the Nicaraguan mines are its highest-cost producing assets. “We will always have fond memories of Nicaragua — it’s where we started, and where we’ve had great success,” Clive Johnson, B2Gold’s president and CEO, tells The Northern Miner in an interview. The mining executive notes that B2Gold’s net acquisition cost of the El Limon and La Libertad assets a decade ago was US$40 million — a transaction that has proven extremely accretive to the company’s

tion coming from Nicaragua, Johnson adds, the company still expects consolidated production of between 935,000 and 975,000 oz. gold this year, and over 1 million oz. in 2020. He also approves of Calibre’s management team. “We’re going to own 31% of Calibre, and I have known the founders for a long time, and they’ve been very successful,” he says. “I’ll be there as a director and on their advisory committee, so it will be a bigger Nicaraguan company, and it has a really bright future for gold mining there, with all of us involved.” This year, La Libertad could produce 95,000 to 100,000 oz. gold at cash-operating costs of between US$840 and US$880 per oz., and all-in sustaining costs (AISCs) of US$1,150 to US$1,190 per ounce. El Limon is expected to produce 55,000 to 60,000 oz. gold at cashoperating costs of between US$720 and US$760 per oz., and AISCs of US$1,005 to US$1,045 per ounce. “After removing these assets from our model, our 2020 AISCs estimate decreases to US$665 per oz., from US$683 per oz.,” writes Brian Quast, an analyst at BMO Capital Markets,

CLIVE JOHNSON PRESIDENT AND CEO, B2GOLD

adding that he considers the purchase price “fair, in light of our $240-million net asset value [NAV] for the two mines.” Quast puts El Limon’s NAV at $225 million, and La Libertad’s at $15 million. “With Nicaragua being a less traditional mining jurisdiction, and both mines underperforming expectations of late, it was unlikely that any acquirer was going to pay over NPV for either of these assets,” Quast says in a research note about the deal. Geordie Mark of Haywood Securities puts a lower value on the Nicaraguan mines. “We view El Limon and La Libertad as lagging, non-core assets comprising 3% of [B2Gold]’s consolidated project, NAV 6%, with the US$100-million purchase consideration reflecting a ~28% gross premium to our implied NAV 6% of ~US$78 million for both assets, respectively,” Mark writes. “The removal of [B2Gold]’s Nica-

The company says both mines have exploration potential, especially El Limon, where B2Gold recently found the high-grade El Limon Central zone, which has an openpit inferred resource measuring 5.1 million tonnes grading 4.92 grams gold per tonne for 812,000 contained oz. gold. The sale includes B2Gold’s wholly owned Pavon project, 150 km north of La Libertad, which has indicated resources of 290,000 tonnes grading 5.82 grams gold per tonne for 55,000 contained oz. gold, and inferred resources of 130,000 tonnes averaging 5.5 grams gold for 23,000 oz. gold. The El Limon and La Libertad mines have produced more than 1.4 million oz. gold since 2010. Over the last decade, B2Gold has invested more than $560 million in capital and exploration in Nicaragua. Calibre Mining has also operated in the country for 10 years, and has a 100% interest in the Borosi gold project in northeastern Nicaragua, which includes the Primavera goldcopper project. In addition, it is involved in a joint venture with Iamgold (TSX:

IMG; NYSE: IAG) on the 176 sq. km Eastern Borosi gold project, which has an inferred resource of 4.42 million tonnes grading 5.72 grams gold-equivalent per tonne for 812,000 equivalent oz. gold. Tara Hassan, an analyst at Raymond James, says the transaction “exposes” B2Gold “to the country where it started.” “Like B2Gold, Calibre has been active in Nicaragua for an extended period, with 10 years of active exploration in the country,” Hassan says in a research note. “In addition to the in-country experience, the board and management team have been involved in the sale of seven mining companies for more than US$5 billion. The aim of the transaction is to build the next mid-tier gold producer in partnership with B2Gold, while continuing to focus on exploration opportunities across the projects.” As for Johnson, he says B2Gold’s involvement in the country has “done a huge service” to both Nicaraguans and the global mining industry. “We went to Nicaragua over 10 years ago, when mining wasn’t prevalent or popular, because a lot of small miners were using mercury and causing a lot of damage, and so the people and the government were against mining,” he says. “We showed them what responsible mining could be and made a big difference socially, and in terms of environmental protection and reforestation ... gold is now Nicaragua’s third-largest export, after beef and coffee beans.” TNM

JOINT VENTURE ARTICLE

Hard-Line continues to accelerate innovation in Sudbury Greater Sudbury, Ontario, is quickly becoming recognized as the epicentre for mining technology globally and Sudbury-based Hard-Line has been a proud member of the community for the past 23 years. Since 1996, Hard-Line has been enabling tele-remote operation of heav y equipment in the mining industry, proving consistently that while clearly enhancing safety by keeping operators out of harm’s way, implementing this technology also increases production and bot tom line through the abilit y to operate during shift changes, upgrade to varying levels of automation, and easily switch from one machine to another using a single control station. Although Hard-Line’s Teleop isn’t news, the company’s dedication to innovation continues to drive improvements to the product line. Hard-Line has partnered with its clients, many of the world’s biggest mining companies, to develop and implement new technology like Teleop Auto, which is being used to autonomously operate

Hard-Line’s headquarters in Dowling, Ontario. Credit: Hard-Line haul trucks in a major gold mine in Southwestern USA. Hard-Line’s newe s t re le as e, Teleop Assist, responds to the demand from mining companies for semi-autonomous driving, featuring guided steering and ‘cruise control’ without the need for preliminary drift

The home of Hard-Line’s Technology Centre, which is scheduled to open later this summer in downtown Sudbury. Credit: Hard-Line

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scanning and collision avoidance assistance. This option is added to the Teleop product line including other enhancements to Teleop’s core functionality like Teleop Multi and Teleop Auto, allowing the operation of multiple machines from one control station; manually or with auto steering, braking and speed. Hard-Line has a strong international presence, with offices in Peru, Chile and the USA, as well as a global network of distributors, but Sudbury continues to be home to Hard-Line’s headquarters with a second location in the Greater Sudbury area opening this summer. The new Technology Centre in the heart of downtown Sudbury will be the innovation hub with a growing team of software developers, designers, engineers, and

technicians focused on research and development, testing and technical support. With several mines in close vicinity, world-class schools like Laurentian University and Cambrian College, and access to a tight-knit community of industry experts, the decision to open the Technology Centre in Sudbury was an easy one. As Ryan Siggelkow, Senior Vice President of Technology, explains “Our community has vast mining knowledge and lots of experience. Being able to draw on that experience and knowledge and export that expertise all over the world has been useful for us as a company. Also, we have a unique talent pool here with the education and the interest in the mining sector.” Being centrally located downtown

aims to further facilitate the collaboration between mining companies, educational institutions, research facilities like NORCAT, branches of government, industry associations and technical groups, with the goal of accelerating technological advancements and continue to grow the area’s outstanding reputation for innovation. These partnerships are increasingly important with the rate of technology adoption in mining, a sector no longer characterized by its slow pace of modernization. Felicia Brunelle, Vice President of Business Development at Hard-Line, states “The hear t of these relationships is the united vision and dedication we have to bringing new tech to the industrial marketplace. Keeping open lines of communication through this network, or ecosystem, ensures a focus on the most important challenges that mines are facing with consideration for every front of that change, from legislation, funding, training and product development.” Hard-Line is confident that calling Sudbur y home is an impor tant facet of the company’s plan to constantly challenge conventional thinking, enabling the ultimate in safety and enhanced productivity. The grand opening of HardLine’s Technology Centre at 7 Cedar Street, Sudbury, will take place late this summer. — The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Hard-Line, and presented in cooperation with The Northern Miner. Visit www.hard-line.com for more information.

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Reflections on working 23 years at the Miner FINAL THOUGHTS

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his is my final editorial for The Northern Miner, as I will soon depart to join gold miner Agnico Eagle Mines as a senior geologist in their Toronto head office, working on technical writing. After almost 23 years at the Miner, including the past 14 years as editor-in-chief, BY JOHN CUMMING I’ve been overwhelmed by the hundreds jcumming@northernminer.com of well-wishes coming in from around the world after my departure was announced, representing all stages of my time at the paper. I extend my thanks to all my work colleagues as well as my mining and media industry contacts over the years for their help that allowed for our editorial team to produce top-quality stories that will stand the test of time. I was hired by the Miner fresh out of geology grad school in December 1996 during a peak in the mining industry, when Bre-X Minerals was the toast of the town, and its Busang fraud had yet to be exposed. The peak was, of course, soon followed by a slow decline in the commodities markets that didn’t turn a corner until the 9/11 attacks in 2001, which started gold and other metals on their supercycles that lasted many years. Back in the late 1990s, it was instructive to see how people in mining and mineral exploration reacted to a commodity downturn, as they usually had wholly inadequate, one-year plans to cope. After the first year I would see a CEO downsize his company to eliminate all fieldworkers. The next year he would have laid off all his staff. The next year he would tell me he’s working alone from a home office. By the next year he would be working for free in return for shares, and possibly show signs of a failed marriage and heavy drinking. Speaking some French, I had been hired at the Miner in part to boost coverage of the juniors active in Quebec, which I did by making numerous trips to “La belle province,” particularly that golden strip in the Abitibi between Rouyn-Noranda and Val-d’Or. One memory has stuck with me throughout my time at the Miner: During a visit to Val-d’Or in the depths of the gold bear market — when the yellow metal traded below US$250 an ounce, and majors like Barrick Gold and Placer Dome had pulled out of the region, leaving little remaining activity — I was at a sparsely attended meeting of barely surviving junior explorers. As I was about to leave the group to head to the airport for Toronto, one of the middle-aged CEOs turned to me, his face in anguish, and said, “Don’t forget about us, John!” And then he slumped over and started crying. (To that CEO: I never forgot about you guys, and tried my best to give good coverage of the area.) To me in my 20s, it was a first glimpse of the personal toll that failed businesses exact on ordinary people. But more than that, it underscored how unprepared most people in the mining industry are for extended downturns, even as they will quickly say that one of the defining characteristics of the mining industry is its cyclicality. That group of CEOs didn’t know they were only a few years away from a spectacular gold-mining renaissance in the region, led by a new era of miners like Agnico and Osisko. One of the defining features of the most successful mining entrepreneurs I’ve met over the years is not only do they realize that downturns last longer than most people expect, but they retain the capacity to take swift and decisive action during the worst of that downturn, picking up company-building assets for cents on the dollar, while their competitors are broke and curled up in a fetal position. A crucial aspect of this is an ability to keep your personality separate from the prospects of the commodities you’re involved in. I’ve seen too many people in mining become personally glum when their commodity is down, or hubris-filled when their commodity peaks. A positive attitude during the worst of business times becomes integral to being able to see and take advantage of once-in-a-lifetime business opportunities. Mining entrepreneur Ross Beaty, with his infectious enthusiasm and brilliant long-term vision and business decisions, perhaps exemplifies this trait better than anyone in the junior mining game. And finally: Thanks to you for being a reader of The Northern Miner, and please keep supporting independent news coverage in all its forms with your subscriptions and advertising. TNM

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

THE NORTHERN MINER is published biweekly by BIG Mining L.P., a division of Glacier Media Inc., a leading Canadian media company with interests in business-to-business information services. From time to time we make our subscription list available to select companies and organizations whose products or services may interest you. If you do not wish your contact information to be made available, please contact us by one of the following methods: Phone: 1-888-502-3456; Fax: (416) 447-7658; Mail to: Privacy Officer, The Northern Miner, 225 Duncan Mill Road, Suite 320, Toronto, ON M3B 3K9.

1-16, 23_JULY22_Main.indd 4

COMPANY INDEX Abitibi Royalties . . . . . . . . . . .15 Agnico Eagle Mines. . . . . . . . . 8 Altius Minerals . . . . . . . . . . . .14 Archon Minerals . . . . . . . . . .12 B2Gold. . . . . . . . . . . . . . . . . . 3,8 Barrick Gold . . . . . . . . . . . . . . . 7 Calibre Mining . . . . . . . . . . . . . 3 Cameco . . . . . . . . . . . . . . . . . . . 8 Corvus Gold . . . . . . . . . . . . . .15 Denison Mines . . . . . . . . . . . .16 Diamcor Mining . . . . . . . . . .12 Diamond Fields Resources. .12 DSI Underground . . . . . . . . .10 Dunnedin Ventures . . . . . . . .12 EMX Royalty . . . . . . . . . . . . .15 Fasken . . . . . . . . . . . . . . . . . . .10 Filo Mining . . . . . . . . . . . . . . .16 First Quantum Minerals . . . 5,8 Fission Uranium . . . . . . . . . .16 Five Star Diamonds . . . . . . . .12 Franco-Nevada . . . . . . . . . . . .14 Generation Mining . . . . . . . . . 1 Gold Standard Ventures . . . .15 Golden Valley Mines . . . . . . .15 Hard-Line . . . . . . . . . . . . . . . .10

Hudbay Minerals . . . . . . . . . . . 2 Iamgold . . . . . . . . . . . . . . . . . . . 3 Irving Resources . . . . . . . . . . . 5 Ivanhoe Mines . . . . . . . . . . . .16 Japan Gold. . . . . . . . . . . . . . . . . 5 Kinross Gold. . . . . . . . . . . . . 2,8 Kirkland Lake Gold . . . . . . . . . 8 Labrador Iron Ore Royalty. .14 Lucara Diamond . . . . . . . . . .12 Lundin Gold . . . . . . . . . . . . . .13 Lundin Mining . . . . . . . . . . . . . 8 Mag Silver . . . . . . . . . . . . . . . .13 Major Drilling Group . . . . . .10 Maverix Metals . . . . . . . . . . . .14 Metalla Royalty & Streaming . . . . . . . . . . . . . . .15 Mountain Province Diamonds. . . . . . . . . . . . . . .12 Nevada Copper . . . . . . . . . . .16 Newmont Goldcorp . . . . . . . . 5 NexGen Energy . . . . . . . . . . .16 NGEx Resources . . . . . . . . . .16 Northern Dynasty Minerals.16 Novagold Resources . . . . . . . . 7 Novo Resources . . . . . . . . . . .15

Nutrien . . . . . . . . . . . . . . . . . . . 7 Osisko Gold Royalties . . . . . .14 Osisko Metals . . . . . . . . . . . . . . 1 Osisko Mining . . . . . . . . . . . .13 Polymet Mining . . . . . . . . . 6,16 Rockcliff Metals . . . . . . . . . . . . 1 RPA . . . . . . . . . . . . . . . . . . . . .10 Sabina Gold & Silver . . . . . . .15 Sandstorm Gold . . . . . . . . . . .14 Sandvik . . . . . . . . . . . . . . . . . .10 Saskatchewan Research Council . . . . . . . . . . . . . . . . .10 Seabridge Gold . . . . . . . . . . . .13 SGS . . . . . . . . . . . . . . . . . . . . . .10 Shell Lubricants . . . . . . . . . . .10 Sibanye-Stillwater . . . . . . . . . . 1 SilverCrest Metals . . . . . . . . .13 Sprung . . . . . . . . . . . . . . . . . . .10 Star Diamond . . . . . . . . . . . . .12 Stornoway Diamond . . . . . . .12 Teck Resources . . . . . . . . . . . . . 7 Tres-Or Resources . . . . . . . . .13 Trilogy Metals. . . . . . . . . . . . .16 Wheaton Precious Metals. . .14

It’s time for a few more crazy ideas COMMENTARY

| ‘The world needs it,’ Stikeman Elliott’s Jay C. Kellerman says

BY JAY C. KELLERMAN Special to The Northern Miner

n his 2016 memoir, Nike founder Phil Knight recalls being 24 years old and having what he calls a “crazy idea.” He writes: “That morning in 1962, I told myself: let everyone else call your idea crazy … just keep going. Don’t stop. Don’t even think about stopping until you get there, and don’t give much thought to where ‘there’ is. Whatever comes, just don’t stop.” Now, the shoe business is not the mining business — but business is business. I have been fortunate in my career to be able to help people with crazy ideas. I’m not sure that they themselves would refer to them as crazy ideas, but I will use the term broadly here to mean a “eureka” or “aha” moment. For most of my career, I have advised people involved in the mining sector. They are a breed apart, and the great ones are true visionaries who have blazed the way for an entire industry. I cut my teeth as a junior securities lawyer being involved with Franco Nevada, which was then a pretty small company started by legendary entrepreneurs — and now philanthropists — Pierre Lassonde and Seymour Schulich. They had a crazy idea involving creating oil- and gas-style royalties for the mining sector. When I was not on that file, I was working as part of a team with another then-small company called Corona Corp., which fought all the way to the Supreme Court of Canada for the Hemlo gold mine, which is now part of Barrick Gold. I have assisted and advised people looking for diamonds in Canada’s Far North. How about that for a crazy idea? Just ask Chuck Fipke, Gren Thomas or Eira Thomas how that worked out. I have helped people wanting to reprocess copper tailings in the Democratic Republic of the Congo (DRC) and search for metals in places spanning the globe, including Turkey, South America, Africa, Eastern Europe, and once upon a time, even China. Not all these ventures have worked out, but a number have. And I have learned along the way

FOR MOST OF MY CAREER, I HAVE ADVISED PEOPLE INVOLVED IN THE MINING SECTOR. THEY ARE A BREED APART, AND THE GREAT ONES ARE TRUE VISIONARIES WHO HAVE BLAZED THE WAY FOR AN ENTIRE INDUSTRY. from all of them. More recently, Sean Roosen, Bryan Coates and John Burzynski turned a hostile takeover into the formation of the next stage of the Osisko crazy idea. While Barrick execs Mark Bristow and John Thornton may not refer to the merger of Barrick and Randgold Resources as a crazy idea, Mark did remind a roomful of people recently of my stunned silence when he engaged our help this past summer. But see what they are creating — and they are not stopping. A Nevada joint venture between Barrick and (now) Newmont Goldcorp seemed crazy for years, but now is a reality. Against significant odds, Boris Kamstra and his team at Alphamin Resources are building a tin mine in the DRC, and Aurania Resources’ Keith Barron is chasing gold and copper in Ecuador, based on his research at the Vatican, and other national libraries. And while not mining per se, a young fellow out of New York City named Nicholas Snyder and his firm North American Helium are exploring and developing primary helium deposits in Saskatchewan. Crazy ideas, all. It’s time for more crazy ideas in this industry. This industry needs it. The world needs it — even if many people without any thought are dismissive of it. As Nike said encouragingly in a full-page ad in The Globe and Mail, after the Toronto Raptors’ NBA championship: “It’s only crazy until you do it. Just Do It.” — Jay C. Kellerman is a Partner of law firm Stikeman Elliott LLP, practising in the Toronto and London, U.K., offices. He is head of the Mining Group and a member of the Mergers & Acquisitions and Capital Markets Groups. Visit www.stikeman.com for more information.

2019-07-16 8:58 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

Japan Gold drills Ohra–Takamine project GOLD IN JAPAN

| Junior explorer enjoys first-mover advantage in sector newly opened to foreigners

BY TRISH SAYWELL

tsaywell@northernminer.com

apan closed all 76 of its gold mines during World War II, and reallocated personnel to base metal mines and factories. After the war, it only reopened 12 of the mines, leaving the other 64 closed to this day. It wasn’t until 2012 that Japan allowed foreign mining companies to come to its shores for the first time in its history. That’s when entrepreneur John Proust formed Japan Gold (TSXV: JG; US-OTC: JGLDF) and assembled a portfolio of 12 gold projects, which contain 42 of the 64 gold mines that were closed during the war. The projects are on Japan’s three largest islands: Kyushu, Hokkaido and Honshu. Newmont Goldcorp (TSX: NGT; NYSE: NEM) holds a 19.9% stake in the company. Other shareholders include Resource Capital Funds, with an 8.8% stake, and two large Japanese funds that together own another 8.8%. “We were the first one in the world to go there. We were there within a month or so of the change to the mining law — and it took us about two years to understand all the opportunities,” Proust says in an interview, noting that the company had acquired its gold projects and another five gold-bearing lithocap projects long before the second publicly listed foreign mining company, Irving Resources (CSE: IRV), came to the country in June 2016. “I expected competition would come sooner or later, and that’s why we did everything quietly,” he continues. “We didn’t publicize it, didn’t tell people where we were going, and so we’ve built a lovely portfolio.” Japan Gold recently kicked off its first drill program this year at the Ohra–Takamine project in the southern island of Kyushu. The initial 2,100-metre program will test an open-ended, 3.5 km corridor of alteration in the central area of the project that hosts three pastproducing mines: Ohra, Takamine and Urushi, which produced until their closure in 1943. Diamond drilling will target extensions and parallel vein shoots below and along strike of shallow mine workings to depths of 700 metres. Ohra–Takamine is 20 km from the producing Hishikari gold mine, which is owned by Sumitomo Metal Mining Company. Hishikari has produced 7.6 million oz. gold to date at average grades of between 30 grams and 40 grams gold per tonne. Other gold producers within the district that have closed are the Yamagano mine, 7.5 km away, which churned out 910,000 oz. gold at an average grade of 17.4 grams gold per tonne. Farther afield are the Kushikino mine, 20 km southwest, that produced 1.8 million oz. gold at a grade of 6.7 grams gold, and the Okuchi mine, 25 km north of Ohra–Takamine, which churned out 714,000 oz. at 13.6 grams gold. The targets the company has assembled for the historic mines are all low-sulphidation, epithermal zones, and Proust points out that Sumitomo’s Hishikari is also a lowsulphidation epithermal mine. Hishikari, one of the highestgrade gold producers in the world, was discovered in 1981 under four shallow historic gold mines.

1-16, 23_JULY22_Main.indd 5

Standing by a sinter near Japan Gold’s Ohra–Takamine gold project, from left: John Proust, chairman and CEO; Mike Andrews, president and COO; and Mitsuhiko Yamada, director. JAPAN GOLD

“Hishikari was found 200 metres beneath the old mines on that site, and we’re targeting between 200 and 250 metres below the three historic mines on our project,” Proust says. Japan Gold also plans to start a 3,000-metre drill program, 2,575 km north of Ohra–Takamine at its Ikutahara project in northern Hokkaido. Ikutahara covers 17 historic underground gold mines and surface workings that were all closed in 1943, and never reopened. Ikutahara is south of Sumitomo’s historic Konamai mine, Japan’s third-largest mine, which produced 2.4 million oz. gold at just over 6 grams gold per tonne from 1917, until it closed in 1974. Drilling at Ikutahara will focus on vein zones below the historic Kitano-o gold mine, which operated between 1924 and 1943, and produced 96,450 oz. gold at a grade of 5.9 grams gold, largely from mining gold-bearing eluvium associated with sinter deposits and sub-sinter

epithermal veins. The workings at Kitano-o comprise numerous shallow digging, pits, sluicing benches and collapsed tunnels, over a 2.5 by 0.4 km area. “It was at surface where there was a silica cap lying over a very large hill, and just underneath that centre was a fixed clay layer running about 6 grams gold,” Proust says. “It was discovered in the 1920s, and then 10,000 people moved to this little town and built a 500-tonne-per-day processing facility, a rail line, and were scaling up to 2,000 tonnes a day in 1943, when the government closed down the mine, and moved them to other areas where there were base metal factories to support the war. And this area was abandoned.” Proust adds that in 1991, the Metal Mining Agency of Japan drilled a vertical hole at 700 metres’ depth to the basement, and the company says there is an opportunity within that 700 metres to find feeder zones that brought the gold to the top of

the hill. Drill pads will be placed near the top and on either side of the hill for a series of scissor holes. In addition to the 12 gold projects, Japan Gold has five projects in southern Hokkaido, northern Honshu, and Kyushu that cover areas of known gold occurrences and gold-anomalous lithocaps, which appear to suggest the potential of porphyry copper-gold mineralization. In April, First Quantum Minerals (TSX: FM) elected not to pursue a formal earn-in agreement on four of the lithocap projects, but Japan Gold says it will continue to pursue “a variety of interested parties” to advance the properties. In the meantime, the company has bought four drill rigs for $125,000 each from a large drilling company in Indonesia that is owned by Japan Gold’s president, Mike Andrews. The company can also bring as many as 18 drillers from Indonesia to run the program. “Japan is full of contradictions,” Proust says. “It’s known for being one of the most technically advanced in the world, but as far as drilling goes, there has been no real need for it because there hasn’t been any real exploration, so we found that drill rigs weren’t available. “I also wanted to get people who have done it all their lives, so we’re assured of excellent recoveries and drill metres.” The mining executive notes that one reason the country lacks drilling expertise is that until fairly recently, Japanese mining companies were incentivized to go abroad and bring natural resources back to the island nation, rather than explore for metal at home. “Now the Japanese government wants to open new mines, and that’s why they changed the mining law, which denotes support for this process,” Proust says.

Japan Gold will also benefit from the 28 smelters built in the country. “Just as Hishikari ore is shipped to a smelter, if we were successful in opening a new mine, it would be a low-sulphidation epithermal mine, with coarse veins with gold in them. And a number of smelters are letting us know they need silica or flux for their smelting process, so they are basically hoping that we might have a long-term relationship with them, and supply our silica to them.” (When silica, or quartz, is put into the mix at a smelter, it acts like a sponge that absorbs negative materials like iron. The iron bonds with the silica, and it can then be separated from the copper.) Having access to local smelters will make permitting far simpler and capex less costly, he says. “We wouldn’t have to raise capex to build a production facility, and our footprint would be smaller,” he says. “We’d be direct-shipping it by truck or rail to a smelter, and we have identified five of the 28 smelters that would be appropriate for our needs.” Proust says that Japan Gold’s early-mover advantage makes it attractive to major mining companies that lack a presence in the Asian nation. “Building for the long-term, as we are now, with critical mass makes us very attractive to the international majors, and even the Japanese groups,” he says. “Even with the Japanese companies — they don’t really have exploration groups in Japan — and as funny as that sounds, they find what we’re doing very attractive, as well.” Japan Gold has traded in a 52week range of 7¢ to 38¢, and at press time traded at 26¢. The junior project generator has 114 million common shares outstanding for a $29-million market capitalization. TNM

2019-07-16 8:58 PM

“I EX SOO DID PUB WE W A LO

JOHN P

FOUND

WWW.NORTHERNMINER.COM

JULY 22â&#x20AC;&#x201C;AUGUST 4, 2019 / THE NORTHERN MINER

Geologist David Good (far right) addresses field trip attendees in front of a trench at Sibanye-Stillwaterâ&#x20AC;&#x2122;s Marathon PGM project in June 2019.

GENERATION MINERALS

Generation options Sibanye-Stillwaterâ&#x20AC;&#x2122;s Marathon GENERATION From 1

initial 51% stake for $3 million in cash, and $3-million worth of its shares. Generation Mining can boost interest 80% by spending $10 million within four years of closing. If it fails to do that, its ownership in Marathon will drop to 20%. Upon a production decision, Sibanye has the option to earn back 51% ownership by advancing 31% of the project capex within 90 days. At that point, Generation Mining could earn a 49% interest by paying 34% of the capex. Generation Mining raised $8 million through a bought-deal private placement in June at a 28Â˘-per-unit subscription price, consisting of one common share and one-half of a warrant exercisable at 45Â˘ per share. Various companies have worked on the Marathon deposit since 1985, including Polymet Mining (TSX: POM; NYSE-AM: PLM) and Marathon PGM. Stillwater picked up the project in its 2010 acquisition of Marathon PGM for US$118 million. Sibanye later acquired Stillwater for US$2.2 billion. There are no outstanding royalties on the main Marathon deposit, which has seen 204,000 metres of drilling in 1,094 holes since the 1960s. An updated feasibility study in 2010 outlined a conventional openpit operation â&#x20AC;&#x201D; processing 22,000 tonnes per day â&#x20AC;&#x201D; that would produce a saleable concentrate containing

copper, palladium, platinum, gold, silver and rhodium. The now-outdated study calculates an 11.5-year mine life and initial US$351-million capex. The main deposit hosts historic resources of 114.8 million measured and indicated tonnes grading 0.78 gram palladium per tonne, 0.23 gram platinum per tonne, 0.08 gram gold per tonne and 0.24% copper, for 2.95 million contained oz. palladium, 869,000 contained oz. platinum, 316,000 oz. gold and 618 million lb. copper. Inferred resources measure 6.2 million tonnes grading 0.31 gram palladium per tonne, 0.10 gram platinum, 0.05 gram gold and 0.15% copper, for 61,000 oz. palladium, 21,000 oz. platinum, 9,000 oz. gold and 21 million lb. copper. In addition, the property hosts the Geordie Lake deposit, 20 km away, where historic measured and indicated resources stand at 32.4 million tonnes grading 0.61 gram palladium, 0.04 gram platinum, 0.05 gram gold and 0.37% copper, for 641,000 oz. palladium, 39,500 oz. platinum, 49,700 oz. gold and 263 million lb. copper. The company plans to update the historic resource and begin a preliminary economic assessment (PEA) and exploration in the third quarter of this year, and permitting and a feasibility study in the fourth quarter. â&#x20AC;&#x153;Step one is the PEA â&#x20AC;&#x201D; we want to look at different sizes of the mine,â&#x20AC;?

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1-16, 23_JULY22_Main.indd 6

â&#x20AC;&#x153;WE ARE THRILLED TO BE ABLE TO ACQUIRE THE LARGEST UNDEVELOPED PALLADIUM PROJECT IN NORTH AMERICA AT A TIME WHEN THE FUNDAMENTALS FOR THE COMMODITY HAVE NEVER BEEN BETTER.â&#x20AC;? JAMIE LEVY PRESIDENT AND CEO, GENERATION MINING

Harte Goldâ&#x20AC;&#x2122;s (TSX: HRT; US-OTC: HRTFF) Sugar Zone mine, 215 km east of Thunder Bay and 400 km north of Sault Ste. Marie. The Pic River borders the project on the east, and Lake Superior sits to the south and west. Itâ&#x20AC;&#x2122;s close to Marathonâ&#x20AC;&#x2122;s airport, situated near the TransC a n a d a H i g hw ay, s er ve d by Canada Pacific Railroadâ&#x20AC;&#x2122;s main rail line and has abundant power available from the grid. â&#x20AC;&#x153;This has to be one of the best located mining projects in the world,â&#x20AC;? Knoll says. The deposit dips moderately to the west â&#x20AC;&#x201D; ideal for an open-pit mine â&#x20AC;&#x201D; and is open at depth, with potential for underground expansion from the bottom of the pit. Marathon is on the eastern margin of the Coldwell Complex, and its known zones of mineralization have a northâ&#x20AC;&#x201C;south strike length of 3 km, and dip 30Â° to 40Â° west. The mineralization has a true thickness ranging from 4 metres to 100 metres.

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Knoll says. â&#x20AC;&#x153;For example, the feasibility study in 2010 had 22,000 tonnes a day, but we want to look at maybe making that smaller and see if that works, and we would include Geordie Lake, which wasnâ&#x20AC;&#x2122;t included in the feasibility study, and weâ&#x20AC;&#x2122;d look at different alternatives.â&#x20AC;? At the same time, he says, â&#x20AC;&#x153;weâ&#x20AC;&#x2122;re going to hit the ground running on exploration â&#x20AC;&#x201D; we have a 12,000-metre exploration program planned, and we have five or six interesting targets, and we want to add tonnes and find higher grade â&#x20AC;Ś not that the grade is bad, the main zone has a palladium-equivalent grade of almost 1.5 grams, so thatâ&#x20AC;&#x2122;s not bad, itâ&#x20AC;&#x2122;s just â&#x20AC;Ś you want it to be higher, if you can find higher. â&#x20AC;&#x153;There arenâ&#x20AC;&#x2122;t a lot of palladium mines in the pipeline,â&#x20AC;? he continues. â&#x20AC;&#x153;The only near-term one weâ&#x20AC;&#x2122;ve identified is Ivanhoeâ&#x20AC;&#x2122;s Platreef, which is under construction â&#x20AC;&#x201D; two to three years away from phase one â&#x20AC;&#x201D; and that will produce about 200,000 oz. palladium a year, so it will be about 2% of the market, and then Norilsk is doing an expansion of its Norilsk mine, but thatâ&#x20AC;&#x2122;s a five-year project, and is going to take them until 2024, and that will be a 15% increase in supply.â&#x20AC;? â&#x20AC;&#x153;We are one of the few pure-play North American palladium companies. Thereâ&#x20AC;&#x2122;s really nothing else out there,â&#x20AC;? Levy adds. The deposit is 30 km from the Hemlo gold camp, 100 km from

Track samples submitted for Geochemical analysis using the new ALS App. The Overlimit Alertâ&#x201E;˘ highlights any sample that has triggered an overlimit assay to enable rapid review of the data for decision making results. The Process Control Alertâ&#x201E;˘ tool is featured within the App â&#x20AC;&#x201D; receive a SMS and/or email alert if a routine analytical control result falls out of bounds to quickly address the situation.

â&#x20AC;ş Ask your preferred ALS contact for information on setting up Process Control Alertsâ&#x201E;˘.

Highlights from previous drilling include 126 metres grading 0.97 gram PGM, plus gold per tonne and 0.35% copper in drill hole 8-417; 88 metres of 1.47 PGM, plus gold and 0.46% copper in 5-94; and 51 metres of 1.53 grams PGM, plus gold and 0.48 copper in F7. Metallurgical testing from 1990 to 2010 indicates a quality copperPGM concentrate, and Generation Mining plans to resume testing once it extracts adequate samples. Rod Thomas, the companyâ&#x20AC;&#x2122;s vicepresident of exploration, says the depositâ&#x20AC;&#x2122;s W Horizon â&#x20AC;&#x201D; due to the extreme PGM enrichment process â&#x20AC;&#x201D; has been assayed, and carried 20 to 70 grams palladium per tonne over 2-metre intervals. â&#x20AC;&#x153;If I recall, the best intersection at Marathon is 34 grams palladium per tonne over 10 metres,â&#x20AC;? he says. â&#x20AC;&#x153;There is potential for better palladium-dominant PGM grades at Marathon than in the Bushveld.â&#x20AC;? Thomas notes that the rocks and setting are similar. â&#x20AC;&#x153;In the Bushveld, the mineralization settled out from a thick column of magma, whereas at Marathon, the magma and mineralization has been introduced in a series of pulses through the magmatic [conduit] plumbing system,â&#x20AC;? he writes in an email. â&#x20AC;&#x153;Since the mineralization at Marathon is consistent over thick intervals, it suggests that mineralization settled out deeper in the system, and was introduced in a series of pulses. Thatâ&#x20AC;&#x2122;s why there are such thick intervals [and multiple pulses] of disseminated mineralization at Marathon â&#x20AC;Ś meaning that it could not have settled out in place as in the Bushveld.â&#x20AC;? At press time, Generation Mining traded at 36Â˘ per share in a 52-week range of 10Â˘ to 36Â˘. TNM

2019-07-16 8:58 PM

SPECIAL FOCUS

CANADA’S TOP 10 Top-10, Canadabased precious metals developers | Deposits in Canada, US, Mexico and Ecuador dominate

GOLD & SILVER

C Nutrien’s Rocanville potash mine in southeast Saskatchewan.

NUTRIEN

Top-10 Canadian miners by market cap

BEST OF THE BEST

he Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization, as of early July 2019. 1. NUTRIEN Market cap: $41.8 billion Nutrien (TSX: NTR; NYSE: NTR) is the world’s largest provider of crop inputs and services, and produces and distributes over 26 million tonnes of potash, nitrogen and phosphate products each year. In 2018, the company sold 13 million tonnes of potash, 10 million tonnes of nitrogen and 4 million tonnes of phosphate. It was formed in a 2018 merger between Potash Corp. of Saskatchewan — the world’s largest potash producer, secondlargest phosphate producer and third-largest nitrogen producer — and Agrium, a retail supplier of agricultural products and service. In February, Nutrien approved the purchase of up to 5% of its outstanding common shares over a one-year period through a normal course issuer bid, noting that the company’s “strong balance sheet and cash flow provide a significant opportunity to enhance shareholder value.” Nutrien repurchased 7% of its outstanding shares between February 2018 and February 2019. Last year, its first full year, the company posted adjusted earnings before interest, taxes, amortization and depreciation (EBITDA) of US$3.9 billion on sales of US$19.64 billion. 2. BARRICK GOLD Market cap: $35.9 billion Barrick Gold (TSX: ABX; NYSE: GOLD) has the greatest number of “tier-one” gold assets under management, and the lowest total cash cost among its senior gold mining peers. With its various joint-venture

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3. TECK RESOURCES Market cap: $17 billion Teck Resources (TSX: TECK.B; NYSE: TECK) owns or has interests in 13 operating mines, a large metallurgical complex and several major development projects in

1. NOVAGOLD RESOURCES $2.38B market cap Vancouver-based Novagold Resources’ (TSX: NG; NYSE-AM: NG) flagship project is its half interest in the large but remote Donlin Gold project in southwestern Alaska, which is a fifty-fifty joint venture with Barrick Gold (TSX: ABX; NYSE: GOLD). Donlin Gold is one of the world’s largest undeveloped gold deposits, boasting measured and indicated resources of 541 million tonnes grading 2.2 grams gold per tonne for 39 million contained oz. gold, plus 92 million inferred tonnes grading 2 grams gold per tonne.

See TOP 10 MINERS / 8

See PRECIOUS METALS / 13

| Extracting a diversity of minerals across the globe

operations, Barrick also has the highest gold production from assets and mines under its management. The Barrick Gold and Randgold Resources merger took effect on Jan. 1, 2019, and created a gold company that owns five of the industry’s top-10, tier-one gold assets: Cortez and Goldstrike in Nevada; Kibali in the Democratic Republic of the Congo (45%); Loulo–Gounkoto in Mali (80%); and Pueblo Viejo in the Dominican Republic (60%). It also has two with the poten-

tial to become tier-one gold assets: Goldrush–Fourmile (100%) and Turquoise Ridge (75%), both in the United States. Barrick recently struck a joint venture with Newmont Goldcorp, called Nevada Gold Mines, which will have three tier-one gold mines: Barrick’s Cortez; the combination of Barrick’s Goldstrike and Newmont’s Carlin; and Barrick’s Turquoise Ridge, with Newmont’s Twin Creeks. The joint-venture operations making up Nevada

anadian gold and silver juniors are leading project advancement at home and abroad, as precious metals exploration and development enjoy boom times again. The following are the top-10, Canadian-headquartered precious metals companies that are developing projects but not yet in commercial production, ranked according to market capitalization in early July. Royalty and streaming companies are not included in the list.

Gold Mines, owned 61.5% by Barrick and 38.5% by Newmont, produced more than 4 million oz. gold in 2018.

Startup H2-2020 $US 129* + NO DEBT Significant Exploration Upside High Margin / AISC $5.02/oz Ag info@magsilver.com TF: 1 866-630-1399

*as at March 31, 2019

2019-07-16 8:58 PM

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

CANADA’S TOP 10

WWW.NORTHERNMINER.COM

Top-10 Canadian miners by market cap TOP 10 MINERS From 7

the Americas, with business units focused on metallurgical coal, copper, zinc and energy. Last year, it posted record revenues of $12.6 billion, record gross profit before depreciation and amortization of $6.1 billion, record profit attributable to shareholders of $3.1 billion, or $5.41 per share, and record $6.2-billion EBITDA. Cash f low from operations came in at $4.4 billion, and the company lowered its outstanding debt by $1.4 billion. 4. AGNICO EAGLE MINES Market cap: $15.8 billion Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has produced precious metals since 1957, and declared a cash dividend every year since 1983. It has mines in Canada, Finland and Mexico, as well as exploration activities in each of those countries, and in the U.S. and Sweden. Its newest mine, Meliadine in Nunavut, started commercial production in May. Last year, Agnico’s mines produced 1.63 million oz. gold, compared to its market guidance of 1.53 million ounces. It outperformed its 2018 cost

guidance by 2%, producing gold at a total cash cost per oz. of US$637 on a by-product basis, versus its target of US$650 per ounce. Management expects to grow its payable gold production from 1.75 million oz. in 2019 to 2 million oz. in 2020. 5. KIRKLAND LAKE GOLD Market cap: $11.9 billion Kirkland Lake Gold (TSX: KL; NYSE: KL) has five underground gold mines and three mills in Canada and Australia, and is targeting production this year of between 950,000 and 1 million oz. gold at all-in sustaining costs (AISCs) of US$520-560 per ounce. The company was formed in 2016 through a merger of Canada’s Kirkland Lake Gold and Australia’s Newmarket Gold. Its two largest assets — the Macassa mine in northern Ontario and the Fosterville mine in Australia — both reported record gold production in the first quarter of 2019. Fosterville produced 128,445 oz. in the three months ended March 31 — more than double the 63,843 oz. in the first quarter of 2018 — while Macassa churned out 72,776 oz. gold, in a 35% increase from the

year-earlier quarter’s 54,038 ounces. 6. FIRST QUANTIUM MINERALS Market cap: $8.5 billion First Quantum Minerals (TSX: FM; US-OTC: FQVLF) operates eight mines in seven countries: Spain, Finland, Turkey, Mauritania, Australia, Zambia and Panama. Last year, over 90% of its revenues came from copper production, making it one of a handful of relatively pureplay copper companies. In 2018, it produced a record 605,853 tonnes copper at cash costs of US$1.28 per lb., and AISCs of US$1.74 per pound. Net earnings attributable to shareholders reached US$441 million, or 64¢ per share. Earlier this year, First Quantum celebrated the first ore through the mill at its massive Cobre Panama copper-moly-goldsilver mine in Panama, where it is ramping up to produce 300,000 tonnes copper annually by 2021 over a 40-year mine life, making it one of the world’s largest copper mines. First Quantum anticipates that the combined output from all of its mines will exceed 800,000 tonnes per year by 2021.

7. KINROSS GOLD Market cap: $6.3 billion Kinross Gold (TSX: K; NYSE: KGC) operates mines in Mauritania (Tasiast), Ghana (Chirano), Russia (Kupol and Dvolnoye), the U.S. (Fort Knox, Round Mountain, Bald Mountain) and Brazil (Paracatu). Last year, it produced 2.45 million equivalent oz. gold and set production records at Paracatu and Bald Mountain. It expects to produce 2.5 million equivalent oz. gold in 2019. In 2018 the company posted a net loss attributable to common shareholders of US$23.6 million, or 2¢ per share, compared to net earnings attributable to shareholders of US$445.4 million, or 36¢ per share, in 2017. The change owed to a drop in operating earnings, a US$97-million reversal of impairment charges recognized in 2017, in connection with the sale of the company’s interest in the Cerro Casale project in Chile, and higher income tax expenses in 2018. Adjusted net earnings attributable to shareholders came in at US$128.1 million, or US10¢ per share, compared to US$178.7 mil-

lion, or US14¢ per share, in 2017. The company is infamous for its US$7.1billion acquisition in 2011 of Red Back Mining, which Kinross had to write down by 80% within two years. Over the past seven years, it has repaid US$1 billion in debt, and has no debt maturities until 2021. 8. CAMECO Market cap: $5.6 billion Cameco (TSX: CCO; NYSE: CCJ), formed through the merger of two crown corporations in 1988, is one of the world’s largest providers of uranium. Cameco operates four active uranium mines — two in the U.S., one in Canada and one in Kazakhstan. Depressed uranium prices and continuing market uncertainty led the company to extend a production shutdown at its McArthur River–Key Lake operation last year, removing 18 million lb. uranium oxide annually from the market. It also lowered its annual 2018 dividend from 40¢ per share to 8¢ per share. This year Cameco expects to incur between $130 million and $160 million in care and maintenance costs related to the suspension of production at its McArthur River–Key Lake mine and mill, Rabbit Lake mine and mill, and U.S. operations, although most of the costs will be incurred at McArthur River–Key Lake. The company holds 467 million lb. proven and probable reserves on three continents and is also a leading provider of nuclear fuel processing services, supplying much of the world’s reactor fleet. 9. LUNDIN MINING Market cap: $5.4 billion Lundin Mining (TSX: LUN) is a diversified base metals mining company with operations in Brazil (Chapada), Chile (Candelaria), Portugal (Neves-Corvo), Sweden (Zinkgruvan) and the U.S. (Eagle), primarily producing copper, nickel and zinc. Lundin Mining also holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery in Kokkola, Finland. The company recently acquired the Chapada open-pit, copper-gold mine from Yamana Gold for US$800 million, funded by cash-on-hand and Lundin Mining’s $550-million revolving credit facility. Yamana has a 2% net smelter return royalty on future gold production from the Suruca deposit, and contingent consideration of up to US$125 million over five years, if certain gold price thresholds are met, and contingent consideration of US$100 million on pyrite roaster construction. Lundin Mining posted net earnings from continuing operations in 2018 of US$215.4 million and ended the year with US$804.4 million in net cash. 10. B2GOLD Market cap: $4 billion B2Gold (TSX: BTO; NYSE-AM: BTG) was founded in 2007 by the former management and technical teams of Bema Gold, and the world’s new senior gold producer posted record annual production in 2018 of 953,504 oz. gold at cashoperating costs of US$495 per oz., and AISCs of US$758 per ounce. It expects to produce between 935,000 and 975,000 oz. this year, at cashoperating costs of US$520 to US$560 per oz., and AISCs of US$835 to US$875 per ounce. Since 2016, the company has recorded a 74% production growth. It recently sold its La Libertad and El Limon mines in Nicaragua, and owns mines in Mali (Fekola), Namibia (Otjikoto) and the Philippines (Masbate). It has exploration projects in Burkina Faso (Kiaka and Toega) and Colombia (Gramalote). TNM

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2019-07-16 8:58 PM

GLOBAL MINING NEWS

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CANADA’S TOP 10

THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

2019-07-16 8:58 PM

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

CANADA’S TOP 10

SUPPLIERS SNAPSHOT

Ten firms keep Canada’s mineral industry moving Canada hosts many specialized suppliers that provide vital goods and services to keep the industry going. Here are 10 of the most exciting firms. DSI UNDERGROUND Luxembourg-headquartered DSI Underground specializes in underground mining and tunnelling products, including dynamic anchor systems, injection resins, pumpable injection chemicals and forepoling systems. The firm offers comprehensive services around its systems, including design, development, production, supply, installation supervision, quality management and on-site supervision.

Canadian law firms with a lengthy international reach. The company has more than 700 lawyers operating out of 10 offices in Canada, China, England and South Africa. Fasken supplies legal services to a broad range of global sectors, including: construction, energy, financial services, infrastructure, mining, technology and transportation. The firm offers 23 specified practices area, such as: corporate finance and securities, corporate social responsibility, government relations, Indigenous law, mergers and acquisitions, private equity, and venture capital and tax law. HARD-LINE

DSI serves clients in more than 70 countries with more than 1,700 employees, and tallied sales of €437 million in 2018. FASKEN Fasken represents one of the largest

Since Walter Siggelkow founded Hard-Line in 1996, the Dowling, Ont.-based company has grown to become a top supplier of remotecontrolled heavy equipment for miners.

With a focus on safety and efficiency, the company’s equipment is employed at major mining operations, including Newmont Goldcorp’s Red Lake gold mine in Ontario. Hard-Line has offices in Canada, Chile, Peru and the U.S., with distributors in Australia, Mexico and the United States. The company’s flagship product is the Teleop Teleremote Control System, which allows for the remote operation of heavy machinery, such as rock breakers, drills, excavators, LHDs and dozers. The system allows machine operators to work comfortably from the mine’s surface MAJOR DRILLING GROUP Since its establishment in 1980, Major Drilling Group (TSX: MDI) has grown into one of the world’s largest drilling companies. The Moncton, N.B.-headquartered firm has offices in the Americas, Asia, Africa and Europe, and offers a full suite of drilling services.

WWW.NORTHERNMINER.COM

For the fiscal year ended April 30, 2019, Major Drilling generated $384.8 million, its highest annual revenue since 2013.

through its Mining and Rock Technology division.

RPA is one of Canada’s most established technical services firms, with more than 30 years advising the mining industry.

In April Sandvik acquired Montrealbased digital mining technology firm Newtrax, a business specializing in wireless connectivity to monitor underground operations. Newtrax continues to exist as an independent business unit within Sandvik’s Rock Drills and Technology division.

The Toronto-headquartered firm specializes in resource and reserve work, such as estimating, auditing and reviewing estimates, with manual and geostatistical methods.

Sandvik was founded in 1862 and has 42,000 employees worldwide. The company has 5,900 active patents and generated more than US$10.6 billion in revenue in 2018.

The company’s team of technical professionals advises mining companies at all stages of project development, from early exploration, through to closure and rehabilitation.

SASKATCHEWAN RESEARCH COUNCIL

RPA

The employee-owned firm has offices in Canada, the United States and the United Kingdom. SANDVIK Stockholm-headquartered, heavyequipment supplier Sandvik continues to grow and offer new solutions for its customers in the mineral development industry

Mountain Province

The Saskatchewan Research Council is a provincial crown corporation that provides applied research, development and demonstration, as well as technology commercialization. The SRC says from 2017 to 2018 it provided a 37-times return on provincial investment, and created or maintained 1,564 jobs. The organization claims to have made $8.4 billion in impacts since 2003. The SRC has more than 340 employees and $75 million in annual revenue. Over its 71 years in operation, the SRC has served 1,400 clients in 23 countries. SGS

DIAMONDS

Founded in 1878 in Switzerland, SGS has grown into a leading provider of inspection, verification, testing and certification services, with more than 97,000 employees and 2,600 offices and laboratories around the globe.

BEST IN CLASS:

Largest and Richest New Diamond Mine Partnered with De Beers

SGS serves a range of industrial sectors, including mining, construction, life sciences and transportation. SGS has operated in Canada since 1948. It has offices and labs throughout the country, including Mississauga and Lakefield, Ont.; Burnaby, B.C.; Calgary, Alta.; Winnipeg, Man.; and Montreal, Que. SHELL LUBRICANTS Shell Lubricants supplies speciality oils and greases to customers in the mining industry, and other industrial sectors.

TSX: MPVD

NASDAQ: MPVD

www.mountainprovince.com

Its products focus on enhancing protection, extending oil and equipment life, and improving efficiency for its customers. Shell’s product suite includes long-life, heavy-duty engine oils, specialty greases for heavy mining equipment, and high-performance, energy-efficient synthetic products.

NEVADA GOLD DISCOVERED TSX: KOR OTCQX: CORVF INVEST TODAY

! ! ! !

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3.6Mozs Nevada gold discovery & growing Large 100% owned land package / ongoing new discovery drilling Three active major gold companies working adjacent to Corvus Major shareholders include AngloGold @ 19.9% & Newmont Goldcorp Base case $1,250 gold, Post-tax NPV5% = $586M USD, 38% IRR

The global company has employees in more than 90 countries, which specialize in the lubrication of critical equipment and tailoring solutions to maximize benefits for each customer’s unique situation. SPRUNG Sprung supplies unique tensioned membrane structures to diverse customers across the globe. The structures offer increased versatility, when compared to conventional construction methods. The company says its fabric membrane technology allows for rapid construction, total design flexibility, exceptional durability and longevity, and lower project costs. Sprung has installed 12,000 structures in more than 100 countries. The company has six offices in the U.S., two in Canada, and one each in Ireland and the United Arab Emirates. TNM

2019-07-16 8:58 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

PMS: 662 C C:100 M:87 Y:0 K:20 R:24 G:54 B:131 HEX: #163683

PMS: Cool Gray 7 C C:20 M:14 Y:12 K:40 R:135 G:138 B:143 HEX: #878a8f

PMS: 7407 C C:6 M:36 Y:79 K:12 R:210 G:152 B:71 HEX: #d29847

PMS: 135 C C:0 M:21 Y:76 K:0 R:255 G:203 B:88 HEX: #ffcb58

Kirkland Lake Gold is a growing gold company on track to produce 950,000 – 1,000,000 ounces in 2019 from mines in Canada and Australia. Our quality assets have significant exploration potential and are key drivers of our industry-leading financial performance and balance sheet strength. We have an experienced management team and a highly-skilled workforce that are committed to the responsible operation of our business, and to ensuring that we

Go For Gold in Everything We Do.

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THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

TSX: KL NYSE: KL ASX: KLA

2019-07-16 8:58 PM

CANADA’S TOP 10

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Top-10 diamond companies in Canada MINING & DEVELOPMENT

he Nor t hern Miner ha s compiled a list of the top-10 diamond companies with headquarters in Canada, ordered by market capitalization, as of early July 2019. 1. LUCARA DIAMOND Market cap: $623 million Lucara Diamond (TSX: LUC) is part of the Lundin Group of companies and owns the Karowe diamond mine, in Botswana, which has produced since 2012, and is one of the world’s foremost producers of large, highquality, Type IIA diamonds in excess of 10.8 carats. These include the historic 1,109-carat Lesedi La Rona (the second-largest gem diamond ever recovered), and the 813-carat Constellation, which was sold for a record US$63.1 million. Since starting production, the company has sold 180 diamonds for more than $1 million each, and 10 single diamonds for more than $10 million apiece. The company has paid out more than US$249 million in dividends, which exceeds the total capital invested to build the mine. The company is advancing its Clara digital diamond sales platform, which it acquired last year. Lucara held its inaugural sale on Clara in late 2018, and two sales of rough diamonds totalling $1.4 million were completed in the first quarter of this year. Clara sells rough diamonds individually and Lucara envisions that other diamond producers will want to sell diamonds on the digital platform, which uses computing algorithms to match rough diamond production to buyers who want stones with the same characteristics. The company recorded net income of $11.7 million, or 3¢ per share in 2018, which was a record year for the recovery of specials — single diamonds in excess of 10.8 carats — with 829 stones totalling 24,793 carats recovered, including 33 diamonds in excess of 100 carats, of which five stones exceeded 300 carats.

| Canadian companies active in prospective diamond fields

2. MOUNTAIN PROVINCE DIAMONDS Market cap: $269 million Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD), in a joint venture with De Beers, operates Gahcho Kué, the world’s largest new diamond mine. The mine in Canada’s Northwest Territories is projected to produce an average of 4.5 million carats a year on a 100% basis over an initial 12-year mine life, with production in the first five years (2017–2021) expected to average 5.4 million carats a year. Mountain Province also owns the Kennady North project, which it acquired last year from Kennady Diamonds. The project is next to Gahcho Kué and consists of the Kelvin kimberlite and the Faraday kimberlites. Last year at Kennady North, Mountain Province focused on establishing an inferred resource for the Faraday 2 kimberlite along its full length. According to a resource update in February 2019, Faraday 2 has a total inferred resource of 2.07 million tonnes at an average grade of 2.63 carats per tonne totalling 5.45 million carats at an average diamond value of US$140 per carat. The Faraday 3 Lobe has an inferred resource of 1.87 million tonnes grading 1.04 carat per tonne totalling 1.90 million carats at an average diamond value of US$75 per carat. The Kelvin kimberlite has an indicated resource of 8.5 million tonnes at an average grade of 1.60 carats per tonne totalling 13.62 million carats at an average diamond value of US$63 per carat. 3. STAR DIAMOND Market cap: $88 million Star Diamond’s (TSX: DIAM) StarOrion diamond project in the Fort à la Corne diamond district of central Saskatchewan, received approval under the province’s Environmental Assessment Act in October 2018. A preliminary economic assessment of the Star and Orion South kimberlites, estimates a 34-year mine life producing 66 million carats.

A GOLD MINER IN THE MAKING Sabina’s Back River Gold Project ticks all the boxes: •

Advanced, Large, high grade, district scale — new discoveries still being made

•

Good Jurisdiction — Nunavut, Canada

•

All major environmental licenses and social license granted

•

Robust economics in a multi-generational mining district

The early stage study outlines an after-tax net present value at a 7% discount rate, 19% post-tax internal rate of return, and a 3.4-year payback, after the start of commercial production. Pre-production capex is pegged at $1.41 billion. The project is 60 km east of Prince Albert. Rio Tinto Exploration Canada (RTEC), a wholly owned subsidiary of Rio Tinto, has an option to earn up to a 60% interest in the company’s Fort à la Corne mineral properties, which include the Star-Orion project. RTEC drilled the first bulk-sample hole on the Star kimberlite in June, and a 90-person, on-site camp has recently been expanded to accommodate up to 150 people. 4. ARCHON MINERALS Market cap: $27 million Archon Minerals (TSXV: ACS) is headed by legendary mine finder Stewart Blusson, who, with Chuck Fipke, found Canada’s first economic diamond deposit in the Northwest Territories near Lac de Gras, now known as the Ekati diamond mine. The company is focused on the Northwest Territories and has a gross production royalty equal to 2.3% of the gross value of diamonds produced from the Buffer zone at the Ekati mine. The Buffer zone contains the Lynx pipe, which started commercial production as an open pit in 2017, and the Jay pipe. Archon also owns 100% of the 809.4 sq. km of mineral leases that were formerly part of the Western Buffer Zone, as well as interests in other diamond properties in the area. 5. STORNOWAY DIAMOND Market cap: $23 million Stornoway Diamond (TSX: SWY; US-OTC: SWYDF) is one of the few juniors to have put a diamond mine into production. In early 2017, the company’s wholly owned Renard mine achieved commercial production in Quebec’s James Bay region, 350 km north of Chibougamau. But the junior has been plagued by a number of issues, including problems with diamond breakage in the processing plant, which necessitated a $22-million investment in an oresorting circuit, and weaker prices in the second half of last year due to an oversupply in the market of smaller diamonds (less than 1 carat), which make up two-thirds of Renard’s production. Stornoway had to stabilize its balance sheet by completing $129 million in financing arrangements (mostly deferred loan payments and amendments to streams). Earlier this year, Stornoway kicked off a $20-million, cost-cutting program,

and a strategic review to consider its options. The company reported a $48.4-million net loss in the first quarter, up from an $11-million net loss in the same quarter a year ago. 6. TRES-OR RESOURCES Market cap: $21 million Tres-Or Resources (TSXV: TRS; US-OTC: TRSFF) owns 100% of the Guigues project, which contains the Guigues kimberlite pipe, near Notre-Dame-du-Nord in Quebec. It is spending $440,000 this year on an exploration and drilling program, which will involve collecting core samples from the Guigues pipe for modern microdiamond testing, which has never been done before. Drilling starts around September, and the company says microdiamond test results will be available before yearend. It also plans to invest $176,000 on similar work at two other highpriority kimberlite pipe targets at the project, and $63,000 on a regional surface till-sampling program for indicator minerals over high-priority anomalies near the Guigues pipe that were identified from the company’s 2015 helicopter-borne, Mag-EM survey. De Beers found the Guigues pipe in 1983, before its discovery in 1987 of the Victor kimberlite pipe near Attawapiskat in northern Ontario, and before DiaMet Minerals found the Ekati diamond deposit in 1991. The Guigues pipe covers 0.07 sq. km, based on ground magnetics — a surface area the same size as 15 football fields. 7. DIAMCOR MINING Market cap: $10 million Diamcor Mining (TSXV: DMI; USOTC: DMIFF) acquired the KroneEndora at Venetia diamond project from De Beers in February 2011. The project consists of prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of 58.9 sq. km next to De Beers’ flagship Venetia diamond mine in South Africa. The project’s near-surface deposits result from the shift and erosion of material from the higher grounds of the nearby Venetia kimberlites. The deposits on Krone–Endora occur in two layers with a maximum depth of 15 metres from surface to bedrock. The company has a longterm strategic alliance and first right of refusal with luxury retailer Tiffany & Co. to buy up to 100% of the future production of rough diamonds from Krone–Endora at the Venetia project. Diamcor delivered 6,260 carats for tender in the first fiscal quarter ended June 30.

8. DIAMOND FIELDS RESOURCES Market cap: $10 million Diamond Fields Resources (TSXV: DFR) holds four offshore diamond mining licences in Namibia, including 111, where the company had historic diamond production (2001–2008 and 2016). The company started an initial mining campaign, part of a six-month mining program in November 2018, which ended in January 2019. Diamond Fields also owns 138, 139 and 70% of 32. During the mining campaign the company produced 47,318 carats, gross weight, of unpolished rough diamonds, as endorsed by the Namibian Ministry of Mines and Energy. This resulted in a net share of proceeds attributable to the company of $1.1 million. Diamond Fields also received its Environmental Clearance Certificate from the Ministry of Environment for its 32 concession in April 2019. 9. DUNNEDIN VENTURES Market cap: $9.6 million Dunnedin Ventures (TSXV: DVI) owns 100% of the Kahuna diamond project in Nunavut, which hosts a near-surface inferred resource of 4 million carats in two kimberlite dikes at an average grade of 1 carat per tonne. Kahuna hosts numerous kimberlite pipe targets, defined in collaboration with Dunnedin’s advisor and largest shareholder, Chuck Fipke, who owns 12% of the company. Fipke discovered Canada’s first diamond mine at Ekati in the Northwest Territories. Kahuna is 26 km northeast of Rankin Inlet and next to Agnico Eagle Mines’ Meliadine gold mine. Dunnedin acquired Kahuna in 2014. Previous owners had spent $30 million on exploration on the property. Dunnedin kicked off initial drilling in 2018. 10. FIVE STAR DIAMONDS Market cap: $9.3 million Five Star Diamonds (TSXV: STAR) owns six diamond projects in Brazil on six exploration licences across 77.7 sq. km, with the Catalao, Verissimo, Riachao, Jaibaras and Maravilha projects showing diamond-bearing kimberlites. In March, Five Star Diamonds entered into a letter of intent with Spirit Banner II Capital Corp., under which Spirit Banner will acquire Five Star’s diamond projects, and Five Star will continue as a royalty and streaming company. If the transaction is approved, Five Star will receive 100 million shares in Spirit Banner II, $250,000 in cash, and a net smelter return royalty over the Catalao project, and a 1.5% NSR over the other diamond projects. TNM

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2019-07-16 8:58 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

Top-10, Canada-based precious metals developers PRECIOUS METALS From 7

(The measured and indicated resource includes 505 million tonnes of proven and probable reserves at similar grades.) The latest updated feasibility study of Donlin Gold envisions an open-pit mine that would produce 1.5 million oz. gold annually in the first five years of operation, and 1.1 million oz. gold per year over a 27-year life. For 2019, Novagold says it expects to spend US$13 million to fund its share of expenses at Donlin Gold, and US$11 million for general and administrative costs. It says its goals for 2019 include: advancing Donlin Gold toward a production decision; maintaining an effective corporate social responsibility program; promoting a strong safety culture; and safeguarding the company’s treasury, with cash and term deposits totalling US$157 million as of May 31. A year ago, Novagold sold its half stake in the Galore Creek copper project in northern B.C. to Newmont Mining for US$275 million, with the resulting funds directed to Galore Creek. Teck Resources owns the rest of Galore Creek. 2. LUNDIN GOLD $1.48B market cap Since last year’s list, Lundin Gold (TSX: LUG; US-OTC: FTMNF) has risen from fourth spot to second, and seen its market capitalization rise to $1.5 billion from $588 million. Lundin Gold holds one of the world’s most intriguing, high-grade gold deposits undergoing mine

construction: Fruta del Norte (FDN) in southeast Ecuador’s Cordillera del Condor region. A member of the Lundin Group of Companies, Vancouver-based Lundin Gold acquired FDN in December 2014 for US$240 million, after its previous owner Kinross Gold got stuck in a stalemate with the national government over taxation rates. On June 25, Lundin Gold reported that the company had begun mining its first production stope at FDN, and that process plant and tailings facility construction is on schedule, with commissioning of the process plant to begin in the third quarter. “Fruta del Norte reached another important milestone on schedule,” said Ron Hochstein, Lundin Gold president and CEO, in the release. “At the end of May, overall construction progress was 73% complete, and 88% of the project’s capital expenditure was committed. The team continues to make great progress as we head towards our first gold pour later this year.” FDN hosts probable reserves of 15.5 million tonnes grading 9.67 grams gold per tonne and 12.7 grams silver per tonne, for a contained 4.82 million oz. gold and 6.34 million oz. silver. Future production is pegged at an average 310,000 oz. gold per year over a 15-year mine life. 3. MAG SILVER $1.20B market cap Vancouver-based, George Paspalas-led Mag Silver (TSX: MAG; NYSE-AM: MAG) says it aims to

be a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silverdominant projects in the Americas. Its focus is its 44%-owned Juanicipio silver property, developed in partnership with Mexico’s Fresnillo (56%) in the iconic Fresnillo silver trend in Mexico. Mag Silver says it is developing the underground infrastructure on the property, with the operational expertise of Fresnillo to support a 4,000-tonne-per-day mining operation. In a May update, Mag Silver said that along with Fresnillo, it has given mine construction approval and finalized an engineering, procurement and construction management contract to oversee mine development, with all major permits in hand. Mag Silver notes that processplant construction is underway, with production to start in the second half of 2020, subject to detailed engineering. Estimated pre-operative initial capital cost is pegged at US$395 million on a 100% basis, with US$50.6 million already spent. Mag Silver had cash and equivalents of $128.6 million at the end of the first quarter. Underground development at Juanicipio already exceeds 19 km, and 46,000 metres of infill and step-out exploration drilling were completed late in 2018, with assays released in the first quarter. 4. SEABRIDGE GOLD $1.11B market cap Seabridge Gold (TSX: SEA; NYSE:

SA) has full ownership of two core assets: the KSM project in B.C., and the Courageous Lake project in Nunavut. KSM has reserves of 2.2 billion tonnes at 0.55 gram gold per tonne, 0.21% copper and 2.6 grams silver per tonne, for a contained 38.8 million oz. gold, 10.2 billion lb. copper and 183 million oz. silver. Courageous Lake has reserves of 91 million tonnes of 2.2 grams gold for a contained 6.5 million oz. gold. Its third asset, the Iskut gold project in northwestern B.C., was acquired by buying SnipGold in 2016. Seabridge Gold says its exploration at KSM in mid-2019 has three goals: to evaluate potential for more gold-copper porphyry systems below the Sulphurets thrust fault; to follow up high-grade, epithermal gold intercepts in the area of the Sulphurets deposit; and to update the Sulphurets resource estimate, where recent drilling likely expanded the deposit. “Our first priority at KSM has been to ensure that the project is ready for final feasibility efforts when a partner is secured,” Seabridge chairman and CEO Rudi Fronk says. “Now that this objective has been accomplished, we are intent on improving our understanding of the entire project and its district-scale potential by addressing the many opportunities that remain, using the extraordinary bank of knowledge we have accumulated over the past decade.” 5. OSISKO MINING $906M market cap

Osisko Mining (TSX: OSK; USOTC: OBNNF) is the lead gold company of the Osisko group of companies, and has spent the last few years furiously drilling its Windfall gold property in Quebec’s Urban Barry region. As of May 2018, total resources at Windfall were 2.4 million indicated tonnes grading 7.85 grams gold per tonne for 601,000 contained oz. gold, plus 10.6 million inferred tonnes at 6.70 grams gold for 2.3 million contained oz. gold. In July, the firm raised another $40 million by privately placing flow-through and non-flow-through shares. “We continue to be impressed by the gold mineralization we are encountering in the infill and expansion drilling at [Windfall’s] Lynx,” Osisko president and CEO John Burzynski says. “We are very optimistic that we will be able to add significant ounces, as we progress with resource drilling and exploration of the Windfall deposit.” As of June 2019, more than 790,000 metres of drilling had been carried out at Windfall, and 22 drills we were on-site. A Windfall resource update is expected later this year, with a feasibility study underway in 2020. 6. SILVERCREST METALS $431M market cap Vancouver-based SilverCrest Metals (TSXV: SIL; NYSE-AM: SILV) has a world-class discovery at its Las Chispas silver-gold property in Sonora, Mexico. See PRECIOUS METALS / 15

JOINT VENTURE ARTICLE

AI is Driving The Future of Mining Productivity, Roles, and Safety By Frank Galati Recent developments in AI and automated machinery have been changing the face of mining. Rio Tinto, one of the world’s largest mining companies, has unveiled their plans for a $2.2B intelligent mine made up of driverless trains, trucks, and robotics. This automation, coupled with other AI technology allows for: • The ability for mines to operate without breaks or delays. • Earlier prediction of failures and degradation. • More effective planning, preparing companies in advance for repairs and giving them time to arrange for temporary replacement equipment. • Making the work more energy efficient, helping companies save even more money for every hour in operation. • The ability for accurate measurement of chemicals to reduce costs and environmental damage. • Assistance for mining engineers and workers in the prevention of accidents and injuries on the job. A company also making waves in the machine-learning space is Canadabased Newtrax Technologies. The firm is developing an expertise in data quality for machine learning (specifically for underground mining) to improve predictive maintenance and shift optimization with techniques for detecting and measuring problems with unstable input variables like sensor failures, data integrity, conflicting data, biased data, sparsity, business conformity, outliers, high cardinality, or out-of-order and out-of-date data.

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Michel Dubois, vice president of QA at the company, and his team believe that one of the main lessons that miners could learn from other industries is about the value of collecting quality data for training machine-learning algorithms. “We have seen many other industries, like the internet companies, for example, where data collection started much earlier, build enormous value out of the information collected through time. By starting data collection now, miners are building up value for tomorrow,” he says. Newtrax’s solutions collect data across customers’ underground operations using an IoT-enabled sensor net work to create what it calls “an underground mining nervous system.” Data collection includes measuring KPIs in realtime for drills, trucks, bolters and LHDs with coverage to the face and without the need for operator input.

This passive method of data collection enables the identification of productivity bottlenecks and early warnings for safety, health and environmental hazards. The power of machine learning lies in connecting real-time data from vehicles, personnel and the underground environment. Customers host their data in a Newtrax server on their premises before passing it to Newtrax for processing. While the application of AI to mining may make it seem like machiner y and automation will replace traditional jobs, AI has allowed for a shift in the types of roles associated with mining in addition to allowing producers to drill deeper into conditions uninhabitable for humans, bringing forth even further opportunities for the industry. AI drastically increases the safety of working in the mining industry, making jobs in the field much more appealing to a broader pool of

individuals. Automation will also allow for the expansion of roles within the mining industry. Some examples may include data collection, data management, AI software development for driverless trucks and trains, automated operation equipment, and development of further operator-less technology. The mining industr y will rely on recruiting from other datacollection driven industrie s as well as AI tool development and software industries. Joint ventures between Silicon Valley talent and technology and large scale mining operations are more relevant than ever and can create fast-tracked competitive advantages for traditional mining operators. AI has expedited the transition in the mining industry to be more productive, safer and therefore more appealing to a broader demographic of potential employees mainly through leveraging technology widely used in other related

fields. One thing is for sure; the future of mining is bright by bringing AI into the fold. About the author: Frank is the Managing Partner of the Bedford Group resource practice, placing hundreds of executives, operating and financial managers, and board directors into many of Canada’s emerging and established organizations. Galati advises clients in all areas of talent management from compensation, assessment and performance, to metrics and strategy. Frank is especially passionate about strengthening Canada’s competitive position on the world stage. — The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by The Bedford Group, and presented in cooperation with The Northern Miner. Visit https:// bedfordgroup.com for more information.

2019-07-16 8:58 PM

CANADA’S TOP 10

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

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

he Northern Miner presents the top-10, Canadianheadquartered royalty and streaming companies by market capitalization, as of early July 2018. 1. FRANCO-NEVADA $20.5B market cap Franco-Nevada (TSX: FNV; NYSE: FNV) stands head and shoulders above the rest of the royalty and streaming pack, with a $20.5-billion market cap — or $3.5 billion higher

| Growing subsector in precious and base metals

than last year, and $6.5 billion more than its closest current competitor. The company has a portfolio of 51 producing gold and gold-equivalent assets, plus 55 producing energy assets. The portfolio also holds 37 advanced gold and equivalent assets, 202 gold and equivalent exploration assets, and 25 energy assets. Some of its long-life assets include: Cobre Panama in Pana ma, w it h a US$1.36 -mi l lion TSX: NDM NYSE American: NAK

THE FUTURE OF U.S. MINING & MINERALS

WORLD-CLASS PEBBLE CU-AU-MO-AG PROJECT ADVANCING PERMITTING CREATING INVESTOR VALUE 2017: EPA Settlement Federal 404 Permit Application Submitted 2018 US Army Corps of Engineers (Corps)-led & 2019: Permitting Advances • January 2018: Corps “receipts” permit application • February 2018: Corps appoints AECOM 3rd party EIS contractor • March-August 2018: EIS Scoping document completed • February 2019: Corps release Draft EIS • July 2019: Draft EIS comment period closes 2020: Corps’ goals 1Q – Release Final EIS 2Q – Issue Record of Decision

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pebblepartnership.com

investment for a gold and silver stream; Antapaccay in Peru, with a US$500-million investment for a gold and silver stream; Antamina in Peru, with a US$610million investment for a 22.5% silver stream; and Candelaria in Chile, with a US$655-million investment for a gold and silver stream. In the first quarter of 2019, Franco posted quarterly records for revenue at US$179.8 million, and net income at US$65.2 million. For 2019, the company is guiding 465,000 to 500,000 equivalent oz. gold, plus energy revenue of US$70 million to US$85 million. Franco-Nevada has had 12 consecutive years of dividend increases, and has paid out more than US$1.1 billion since its initial public offering in December 2007. Cofounder and chairman Pierre Lassonde announced in May that he would retire as chairman at the next annual meeting in May 2020. 2. WHEATON PRECIOUS METALS $14B market cap Based in Vancouver and led by president and CEO Randy Smallwood, Wheaton Precious Metals (TSX: WPM; NYSE: WPM) is one of the world’s largest precious metal streaming companies. Wheaton has streaming agreements for 19 operating mines and nine development projects. Its portfolio of low-cost, long-life assets include a gold stream on Vale’s Salobo mine in Brazil, and silver streams on Glencore’s Antamina mine in Peru, and Newmont Goldcorp’s (TSX: NGT; NYSE: NEM) Penasquito mine in Mexico. In the first quarter of 2019,

Wheaton generated almost $120 million in operating cash f low, driven by record gold sale volumes of 93,585 oz. gold, up 22% from a year earlier. During the first quarter, Wheaton posted net earnings of US$47.3 million on US$225 million in revenue, versus US$68.1 million and US$199.3 million in the year-ago period. Wheaton says the increase in attributable gold production owed to its San Dimas gold stream on May 10, 2018, and its Stillwater precious metals stream on July 1, 2018, as well as higher production at Sudbury. A decrease in attributable silver production primarily owed to the San Dimas silver stream ending May 10, 2018, and all deliveries from the Lagunas Norte, Veladero and Pierina mines ceasing March 31, 2018, in accordance with the Pascua-Lama precious metals purchase agreement. 3. LABRADOR IRON ORE ROYALTY $2.2B market cap Low-key Labrador Iron Ore Royalty (TSX: LIF; US-OTC: LIFZF) derives all its revenue from Rio Tinto’s Iron Ore Co. of Canada (IOC), and related operations. Labrador Iron holds 182 sq. km of mining leases near Labrador City. IOC leases some of this land, and pays Labrador Iron a 7% gross overriding royalty on sales of its iron ore products. In 2018, the company recorded net income of $128.5 million on revenue of $130.9 million, versus $157.3 million on $158.6 million in 2017. All of this was before the Vale iron ore tailings disaster in Brazil in early 2019, which cut global iron

Diversified Athabasca Basin Asset Base with Superior Development Leverage Denison’s assets are highlighted by its 90% owned Wheeler River project, located in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan, Canada. Host to the highgrade Phoenix and Gryphon uranium deposits, Wheeler River is the largest undeveloped uranium project in the eastern Athabasca Basin. In addition, Denison owns a 22.5% interest in the McClean Lake uranium mill, a ~65% interest in the Waterbury Lake property, a strategic 25.17% interest in the Midwest project, and an extensive exploration project portfolio covering ~310,000 hectares in the Athabasca Basin region.

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Due diligence

ore production, and lifted iron ore prices. On June 18, the company declared a regular quarterly cash dividend of 25¢ per common share, plus a special dividend of 65¢ per common share, payable to holders of record at the close of business on June 30, and to be paid on July 25, 2019. In March, William H. McNeil stepped down as president and CEO, and was replaced in both positions by John F. Tuer. McNeil subsequently was appointed chairman at the company’s annual meeting, with the resignation of William J. Corcoran from that position. 4. OSISKO GOLD ROYALTIES $2.1B market cap Montreal-based Osisko Gold Royalties (TSX: OR; NYSE: OR) bills itself as an “intermediate precious metals royalty company focused on the Americas” that started activities in June 2014. Osisko holds a North Americanfocused portfolio of over 130 royalties, streams and precious metal offtakes. It says its portfolio is anchored by five cornerstone assets, including a 5% net smelter return royalty on Canadian Malartic in Quebec, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including a 15.5% interest in Osisko Mining (TSX: OSK), a 33.4% interest in Barkerville Gold Mines (TSXV: BGM) and a 12.7% interest in Falco Resources (TSXV: FPC). 5. SANDSTORM GOLD $1.3B market cap Vancouver-based Sandstorm Gold (TSX: SSL; NYSE-AM: SAND) was founded in 2008 by Nolan Watson and David Awram, and has since grown to encompass a portfolio of over 185 royalties, assembled through more than $3 billion in royalty acquisitions. Sandstorm says it has “stable cash flow from 21 producing mines and a credit facility of $225 million, providing readily available capital for new acquisitions and further growth.” For the second quarter of 2019, Sandstorm sold 16,400 attributable gold-equivalent ounces — a record for the company. Sandstorm’s most high-profile asset is its 30% net profit interest and 2% net smelter return royalty on the advanced Hot Maden gold project in Turkey, which is being developed by majority-owner Lidya Madencilik, with an eye to first production by late 2022. 6. MAVERIX METALS $621M market cap Vancouver-based Maverix Metals (TSX: MMX; NYSE-AM: MMX) got its start as a royalty and streaming company in 2016, when it changed its name from MacMillan Minerals and acquired a 13-asset royalty and stream portfolio from Pan American Silver, and then an 11-asset portfolio from Gold Fields. More recently it added a 50-royalty portfolio from Newmont Mining. Maverix has a portfolio of 80 royalties and streams in 16 countries, of which 13 of the underlying mines are producing, and says its “strong, cash-generating asset base and experienced team makes Maverix an opportunistic new vehicle to grow with.” Maverix graduated to the Toronto

2019-07-16 8:59 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

Stock Exchange and NYSE American in June 2019, after having previously traded on the TSX Venture Exchange and over-the-counter in the United States.

Top-10, Canada-based precious metals developers

7. ALTIUS MINERALS $545M market cap Altius Minerals (TSX: ALS; USOTC: ATUSF) directly and indirectly holds royalties and streams that generate revenue from 15 operating mines in Canada and Brazil that produce copper, zinc, nickel, cobalt, iron ore, potash, and both thermal and metallurgical coal. The portfolio also includes development-stage royalties in copper, renewable energy and a large portfolio of exploration stage projects. Altius’s roya lt y interests in Canada include a 4% net smelter return royalty on Hudbay Minerals’ (TSX: HBM; NYSE: HBM) 777 copper-zinc mine in Manitoba, six potash mines and five coal mines in Western Canada, and a royalty on the Voisey’s Bay nickel-coppercobalt mine in Labrador. In Brazil, it has a 3.7% stream interest in the Chapada coppergold mine. Altius also gets regular dividend income from is equity ownership in Labrador Iron Ore Royalty Co., which is treated as iron ore royalty revenue, being a pass-through vehicle. Altius says these royalties could generate between $67 million and $72 million in royalty revenue this year.

As of February 2019, Las Chispas hosts an indicated resource of 1 million tonnes grading 710.6 grams silver and 6.98 grams gold per tonne, for a contained 22.9 million oz. silver and 388,300 oz. gold. Another 3.6 million tonnes sit in the inferred category at 332.5 grams silver and 3.6 grams gold, for a contained 38.9 million oz. silver and 224,900 oz. gold. This puts Las Chispas among the top-five, highest-grade silver-gold deposits in the world. SilverCrest was formed largely by the management team that discovered and developed the Santa Elena silver-gold mine, and sold it to First Majestic Silver in 2015.

return, with an initial $415-million capex. Sabina recently wrapped up a drill program of 6,400 metres in eight drill holes at three target areas at the Goose property at Back River. Drilling targets included the discovery area at Nuvuyak– Hook, high-grade optimization opportunities up-plunge from the Vault zone at the Umwelt underground, and continued scoping at the Llama Extension zone. Sabina also owns a silver royalty on Glencore’s Hackett River project in Nunavut, comprised of 22.5% of the first 190 million oz. silver produced, and 12.5% of all silver produced thereafter. Sabina had cash and equivalents of $43 million in March 2019.

7. SABINA GOLD & SILVER $407M market cap Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has its wholly owned Back River gold project in Nunavut, where a feasibility study released in September 2015 envisioned a mine producing 200,000 oz. gold per year for 11 years, with a 2.9-year payback. The study showed a 24.2% after-tax internal rate of

8. NOVO RESOURCES $356M market cap Quinton Hennigh-led Novo Resources (TSXV: NVO; US-OTC: NSRPF) says it is involved in a “new paradigm in gold exploration and investing,” with its gold nugget-rich properties in Australia. Novo says it aims to explore and develop gold projects in Western Australia’s Pilbara region, where it

PRECIOUS METALS From 13

has amassed a 12,000 sq. km land package. The company’s focus is its Karratha gold project, which comprises a number of joint-venture arrangements and wholly owned tenures. It owns the Beatons Creek gold project near Nullagine, Western Australia, and holds a 70% interest in a number of tenements in the Marble Bar region of Western Australia. 9. GOLD STANDARD VENTURES $348M market cap Vancouver-based Gold Standard Ventures’ (TSX: GSV; NYSE-AM: GSV) flagship asset is its Railroad– Pinion gold project on Nevada’s Carlin trend. Gold Standard Ventures says its corporate mandate is to find district-scale gold deposits within the prolific Carlin trend, and other prospective trends within Nevada. It has consolidated ground in the area since 2009, and now has the second-largest contiguous land package (208 sq. km) on the goldrich trend. It has made discoveries at North Bullion, Bald Mountain

and North Dark Star, and has substantial resources already delineated at several deposits. In July, the junior was in the midst of raising $18.3 million in a bought-deal financing. 10. CORVUS GOLD $241M market cap Jeffrey Pontius-led Corvus Gold (TSX: KOR; US-OTC: CORVF) is a new entrant to the top-10 list. Its focus is its North Bullfrog gold project in Nevada, and secondarily, its nearby Mother Lode gold project. The North Bullfrog property encompasses 86.6 sq. km, while Mother Lode is 10 km southeast, and encompasses 36.5 square kilometres. A preliminary economic assessment of a combined operation from both properties using heap-leaching and milling foresees 2.6 million equivalent oz. gold produced over nine years. Pontius is a former AngloGold manager, and AngloGold Ashanti is Corvus’ biggest shareholder at 19.8%, followed by Tocqueville Asset Management (19.7%) and Van Eck Global (9.6%). TNM

8. ABITIBI ROYALTIES $156M market cap Ian Ball-led Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF) was spun out of Golden Valley Mines (TSXV: GZZ) and listed as a public company in 2011. Abitibi’s flagship royalty is its 3% net smelter return royalty on the eastern portion of the Canadian Malartic mine — owned and operated by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY) — which includes the Jeffrey Zone and the Barnat Extension, where production activities were expected to start in 2018 and 2020. The royalty includes the Odyssey North discovery and other parts of the Odyssey project, as well as areas of the East Malartic property, which was a historical gold producer. 9. EMX ROYALTY $131M market cap David M. Cole-led EMX Royalty (TSXV: EMX; NYSE-AM: EMX) is a precious and base metals royalty company based in Vancouver. Its royalty and property portfolio spans five continents, and consists of what it calls a “balanced mix of precious metal, base metal, and other assets” in countries including the U.S., Norway, Haiti, Serbia, Sweden, Turkey, Australia and Chile. The sale of the Malmyzh copper asset in Russia’s Far East by IG Copper for US$200 million in October 2018 translated to EMX’s strategic stake in IG converting into a US$65-million, initial cash payment, and up to US$4 million from escrow. 10. METALLA ROYALTY & STREAMING $124M market cap Vancouver-based Metalla Royalty & Streaming (TSXV: MTA; USOTC: MTAFF) says it has several positive characteristics: experienced managers; the most active royalty company, as measured by material acquisitions; positive cash flow that delivers dividends and increasing growth; the greatest exposure to silver of any publicly listed royalty company; a focus on acquiring royalties on projects operated by large producers; and a share valuation that is at a “significant discount to its peers, despite recent outperformance.” TNM

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As a member of the Province of Saskatchewan

and a proud supporter of the Roughriders, NexGen Energy is committed to creating a lasting positive impact. The community programs implemented to date and planned for the future are designed to leave a sustainable legacy for all communities in the Province, including Residents of the North. Sustainable and responsible natural resource development has the power to create wealth for multiple generations, and NexGen’s approach is simple: create as much positivity for as many people as possible. The company believes in committing to excellence through responsible mine development which incorporates an impact investing framework that is underpinned by effort and dedication towards health/ wellness, education and economic capacity building.

www.nexgenenergy.ca TSX:NXE

NYSE: NXE

2019-07-16 8:59 PM

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

CANADA’S TOP 10

WWW.NORTHERNMINER.COM

Top-10 base metals, uranium explorers and developers T

DEVELOPMENT

he Northern Miner has compiled a list of the top-10 base metal and uranium juniors — with no production, and which are not a royalty company — headquartered in Canada, arranged by market capitalization as of early July. 1. IVANHOE MINES $4.5B market cap Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) sits atop the top-10 list for the third year in a row, and up $2.5 billion in market capitalization to $4.5 billion in early July 2019. The company is developing three world-class projects in sub-Saharan Africa: the Kamoa–Kakula copper project in the Democratic Republic of the Congo (DRC), where Ivanhoe has a 39.6% stake, equal with partner Zijin Mining; the Platreef project in South Africa, for platinum group metals and nickel (64% stake); and the Kipushi zinc project, also in the DRC (68% stake). Kamoa–Kakula ranks as one of the world’s highest-copper discoveries in recent decades, and comes in the form of a near-surface, flat-lying, stratiform copper deposit, 25 km west of the town of Kolwezi. Kamoa–Kakula boasts a combined indicated resource of 1.39 billion indicated tonnes grading 2.64% copper for 36.6 million tonnes (80.6 billion lb.) contained copper, plus 316 million inferred tonnes at 1.76% copper for 5.6 million tonnes contained copper. 2. NEXGEN ENERGY $743M market cap With Arizona Mining dropping off the list after last year’s $1.8-billion takeover by South32, Vancouverbased uranium explorer NexGen Energy (TSX: NXE; NYSE-AM: NXE) moves up to second spot

| Despite uranium market downturn, Athabasca explorers make strong showing

among base metal and uranium developers. NexGen has emerged as the biggest winner so far coming out of uranium exploration in the underexplored southwestern part of Saskatchewan’s Athabasca basin, In 2018 the company won the Prospectors & Developers Association of Canada’s Bill Dennis Award for a Canadian discovery. As of 2018, the various structures at Arrow host a combined 2.89 million indicated tonnes grading 4.03% uranium oxide for 257 million lb. uranium oxide, plus 4.84 million inferred tonnes at 0.86% uranium oxide for 91.7 million lb. uranium oxide. A recent prefeasibility shows the project capable of producing 25.4 million lb. uranium oxide annually for nine years, which would turn NexGen into the world’s secondlargest uranium miner, after Kazatomprom. Former Saskatchewan premier Brad Wall is a NexGen director. 3. TRILOGY METALS $526M market cap Vancouver-based, Rick Van Nieuwenhuyse-led Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) has more than doubled its market capitalization, and risen from seventh to third spot on the list over the past year. Trilogy is exploring its sizeable and high-grade Bornite coppercobalt and Arctic polymetallic projects that are part of its Upper Kobuk mineral projects in Alaska’s Ambler mining district. Work at Bornite is being funded by South32 under a joint venture, whereby South32 will spend US$150 million over three years to earn a 50% interest in the junior’s Alaskan assets. The exploration program at Born-

rhenium are also present. 7. FISSION URANIUM $233M market cap The third Athabasca basin trailblazer on the list is Kelowna, B.C.-based Fission Uranium (TSX: FCU; USOTC: FCUUF), which is advancing its PLS uranium project, hosting the near-surface, high-grade Triple R deposit. Major high-grade zones have been found each year since its discovery in 2012, and Fission says exploration drilling has uncovered more mineralization west of the trend. Drillers on the Kamoa North prospect at Ivanhoe Mines’ Kamoa-Kakula copper project in the Democratic Republic of the Congo. IVANHOE MINES

ite started in June, with more than 2,000 metres drilled as of a July 9 update. At the Arctic project, feasibility level studies are underway, with the goal of completing a feasibility study in the first half of 2020. 4. DENISON MINES $394M market cap A member of the Lundin Group of Companies and led by David Cates, Denison Mines (TSX: DML; NYSEAM: DNN) is a Toronto-based senior developer focused on exploration and development of uranium assets in Saskatchewan’s Athabasca basin. Denison says its 90%-owned Wheeler River “ranks as the largest, undeveloped, high-grade uranium project in the infrastructure-rich eastern portion of the Athabasca basin.” In June, Denison launched a program of in-situ recovery field testing at Wheeler River, as part of mid-year field work at the project. The firm’s exploration portfolio in the basin consists of numerous projects covering 3,200 sq. km. Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division, and manages Uranium Participation Corp. — a publicly traded company that invests in uranium oxide and uranium hexafluoride. 5. NGEX RESOURCES $270M market cap NGEx Resources (TSX: NGQ; US-

OTC: NGQRF) — another member of the Lundin Group of Companies — is developing its two large, copper-gold-silver discoveries, Los Helados and Josemaria, located in Chile’s Region III, and next to San Juan Province, Argentina. NGEx owns 100% of Josemaria, and is majority partner and operator for Los Helados. The junior says the assets are “considered one of the best explorationdevelopment plays in the region.” 6. NORTHERN DYNASTY MINERALS $259M market cap Northern Dynasty Minerals’ (TSX: NDM; NYSE-AM: NAK) colossal Pebble copper-gold deposit in Alaska is too large to ignore, despite the vigorous and sustained opposition to its development from environmental groups. Over the years, the asset has attracted a couple of major partners, who eventually walked away. The election of a pro-mining president in the U.S. in 2016 brought in optimism among Northern Dynasty Minerals shareholders that the project could regain positive momentum. Resources at Pebble stand at 6.5 billion measured and indicated tonnes containing 57 billion lb. copper, 71 million oz. gold, 3.4 billion lb. molybdenum and 345 million oz. silver. Another 4.5 billion tonnes lie in the inferred category, containing 25 billion lb. copper, 36 million oz. gold, 2.2 billion lb. molybdenum and 170 million oz. silver. Palladium and

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8. NEVADA COPPER $218M market cap Vancouver-based Nevada Copper (TSX: NCU; US-OTC: NEVDF) calls its f lagship Pumpkin Hollow copper-gold-silver project in Yerington, Nev., the “only major, shovel-ready and fully permitted copper project in North America.” Its two fully permitted projects at Pumpkin Hollow include a highgrade underground mine — which is moving into construction, with first production in late 2019 — and an open-pit concept, undergoing optimization to look at a lowercapex, staged development. Says Nevada Copper in a July 9 update: “It’s summer, but there’s certainly no slowing down here at Pumpkin Hollow! We are working hard below and above ground, and remain on track to enter production in the fourth quarter of this year.” 9. POLYMET MINING $213M market cap Toronto-based Polymet Mining (TSX: POM; NYSE-AM: PLM) is focused on developing and bringing into production its NorthMet copper-nickel-precious metals project in northeastern Minnesota’s Mesabi Iron Range, where it also has its Erie Plant — a processing facility 10 km from the orebody that can be repurposed to handle NorthMet ore. In June, PolyMet raised US$265 million in a fully subscribed rights offering. After the raise, Glencore boosted its ownership to 71.6% of PolyMet’s shares (69% fully diluted), with the mining titan buying 627 million shares in the rights offering. PolyMet says the proceeds of the rights offering were used to repay a debt to Glencore “under certain debentures, and to pay the standby fee owed to Glencore, and the expenses of the rights offering.” 10. FILO MINING $201M market cap Filo Mining (TSXV: FIL) is the third and final Lundin Group company on list. It is developing its wholly owned Filo del Sol copper-goldsilver project, 140 km southeast of Copiapo, on the Chile–Argentina border. Filo Mining was spun out of NGEx Resources in mid-2016 to evaluate the project’s potential for a low-cost, heap-leach operation, which resulted in a new resource estimate in July 2017, and a positive preliminary assessment in November 2017. Indicated resources are 372 million tonnes of 0.34% copper, 0.33 gram gold and 9.2 grams silver per tonne, with another 239 million tonnes in the inferred category at slightly lower grades. Recent drilling by Filo at the project cut 378 metres (from 134 metres) grading 0.44% copper, 89 gram gold per tonne and 42.5 grams silver per tonne. TNM

2019-07-16 8:59 PM

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JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / JULY 8–12 The S&P/TSX Composite Index ended the trading week up 14.83 points, or 0.09%. The S&P/TSX Global Mining Index was up 0.68 point, or 0.87%, to 78.68, while the S&P/TSX Global Base Metals Index slipped 1.29 points to close at 109.53. Spot gold f inished at US$1,407.60 per oz., up US$18.95 per oz., or 1.36% from the week before. Glencore subsidiary Katanga Mining’s shares ended the week at 48¢ apiece, up 39.7%, which was the top weekly percentage gain for the sector. The market applauded news on July 4 that government armed forces arrived in response to a growing presence of illegal artisanal miners on the company’s 75%-owned Kamoto copper mine complex in the Democratic Republic of the Congo’s Kolwezi region. The operation includes the Kamoto concentrator, Luilu metallurgical plant, Kamoto underground mine and two oxide open-pit resources. Late last month the company reported that at least 19 illegal artisanal miners were killed when two galleries caved in on-site. The company added that 2,000 illegal artisanal miners were entering its concession each day. Junior gold miner Avesoro Resources saw its shares end the week on a high note, up

33.6% to close at $1.59 each. The rise followed Avesoro’s mid-week release of quarterly production results that outlined 34,338 oz. gold produced at the company’s two gold mines: New Liberty in Liberia, and Youga in Burkina Faso. The company expects gold production will increase in the second half of the year, and has a production guidance of 180,000 to 200,000 oz. gold for 2019. New Gold shares saw a 31.4% appreciation, as the company announced results from its Rainy River and New Afton mines in Canada. The assets yielded 85,216 oz. gold, 151,305 oz. silver and 21.6 million lb. copper in the quarter. New Gold says it is on track to hit its 2019 production guidance of 465,000 to 520,000 equivalent oz. gold, including 300,000 to 335,000 oz. gold. TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

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

ABX K FM SU LUN BTO YRI NGD NTR IMG

20042 15931 12692 11381 10999 10964 10228 9322 8808 8667

21.81 5.40 11.76 42.77 7.15 4.16 3.45 1.59 69.71 4.65

WEEK LOW CLOSE CHANGE

20.48 4.96 10.39 40.87 6.74 3.90 3.27 1.19 64.72 4.29

21.51 5.27 11.43 42.08 7.02 4.07 3.44 1.59 65.06 4.60

+ + + + + + +

0.84 0.26 0.34 0.98 0.02 0.15 0.13 0.38 4.87 0.19

The company also operates the Cerro San Pedro gold mine in San Luis Potosi, Mexico, which transitioned to residual leaching in 2016. Revenue generated from Cerro San Pedro is excluded from the guidance, with any proceeds to support closure and reclamation efforts at the site. U.S.-focused uranium juniors Energy Fuels and Ur-Energy dropped 36.6% and 35.2% to close the period at $2.51 and 79¢

per share. The sell-off came on July 12, the same day that U.S. President Donald Trump announced his administration would not move towards restricting uranium imports, which would have been a boon for the juniors’ U.S. uranium assets. The two companies had requested the U.S. government study the issue and impose import restrictions to shore up domestic production capacity on national security grounds. TNM

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Katanga Mng Avesoro Res Northcliff Res New Gold Orvana Mnrls Stornoway Diam Guyana Gldflds Midas Gold Chalice Gold M Titan Mining Energy Fuels Ur-Energy Nickel Creek Eastern Platin Silver Bear Rs Avalon Advance Nthn Dynasty Balmoral Res Azarga Uranium Lydian Intl

KAT ASO NCF NGD ORV SWY GUY MAX CXN TI EFR URE NCP ELR SBR AVL NDM BAR AZZ LYD

2459 46 777 9322 1615 2423 5220 1217 95 321 5338 2113 880 119 180 3499 949 286 1758 618

0.53 1.88 0.08 1.59 0.41 0.03 1.29 0.79 0.14 0.40 4.25 1.30 0.06 0.26 0.16 0.08 0.75 0.13 0.28 0.14

TSX GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.35 1.22 0.06 1.19 0.30 0.02 0.96 0.64 0.13 0.33 2.47 0.75 0.04 0.20 0.00 0.07 0.60 0.11 0.22 0.11

0.48 1.59 0.08 1.59 0.37 0.03 1.26 0.78 0.14 0.39 2.51 0.79 0.04 0.20 0.13 0.07 0.60 0.11 0.22 0.12

+ + + + + + + + + + -

39.7 33.6 33.3 31.4 25.4 25.0 24.8 21.9 21.7 20.0 36.6 35.2 27.3 25.9 19.4 18.8 17.8 16.0 15.4 14.8

VOLUME (000s)

Franco-Nevada Endeavour Mng Ero Copper Torex Gold Newmont Gdcorp Suncor Energy Kirkland Lake Eldorado Gold Detour Gold SSR Mining Nutrien Energy Fuels Aura Minerals Teck Res Altius Mnrls Teck Res Nexa Resources HudBay Min Ur-Energy Trilogy Mtls

FNV EDV ERO TXG NGT SU KL ELD DGC SSRM NTR EFR ORA TECK.A ALS TECK.B NEXA HBM URE TMQ

2170 1138 773 1865 636 11381 4601 6779 4019 1322 8808 5338 5 10 147 6294 2 4841 2113 143

WEEK CLOSE

111.79 22.95 23.56 14.33 51.31 42.08 55.99 9.12 17.69 18.19 65.06 2.51 17.96 28.26 12.08 28.26 11.86 6.39 0.79 3.62

CHANGE

+ + + + + + + + + + -

2.45 1.46 1.36 1.25 1.14 0.98 0.96 0.92 0.91 0.89 4.87 1.45 1.00 0.74 0.72 0.56 0.51 0.46 0.43 0.38

TSX VENTURE EXCHANGE / JULY 8–12 The S&P/TSX Venture Composite Index fell 1.99% to 576.03 during the trading week. Victoria Gold led the pack in trading volume. The company saw more than 13 million shares change hands in the period. Its shares closed the week up 1¢ each at 39¢. Victoria reports it is nearly finished const r uc t ion of t he E ag le gold m i ne in the Yukon. On June 4 the company announced mine construction was 95% complete, w it h open-pit benches established, and more t ha n 1.3 mi l lion tonnes mined. Victoria could deliver the first ore to the leach pad in July, and pour first gold in September 2019. On June 25, the company announced Orion Mine Finance agreed to buy all of Osisko Gold Royalties’ 155 million shares in Victoria for 46¢ each, leaving Orion with a 37.1% stake in Victoria. Vancouver-based junior Firefox Gold saw its shares rise 61.1% in the trading period, to close at 15¢ each. The shares reached as high as 23¢ on July 10. On July 4, Firefox announced it closed the first tranche of a non-brokered private placement issuing 4.4 million units at 10¢

apiece, for gross proceeds of $440,000. Each issued unit included one common share and a non-transferrable common sha re pu rchase wa r ra nt t hat ent it les the owner to buy a share within three years for 15¢. Firefox controls 800 sq. km of ground on Finland’s Central Lapland greenstone belt, where it has found a suite of gold targets to carry out mapping, drilling, and other geophysics this year. Yukon-focused project generator Luckystrike Resources saw its shares swing up 52% to close the week at 19¢ per share. On July 9, the company announced it began drilling its f lagship Lucky Strike gold project in the Yukon’s White Gold TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Victoria Gold Mako Mining Alexandria Min BWR Explor K92 Mining Minera Alamos Gold Rush Cari Leeta Gold Arctic Star Equinox Gold

VIT 13095 MKO 7493 AZX 5962 BWR 4680 KNT 4637 MAI 4456 GDBO 4177 HIVE 4118 ADD 3394 EQX 3037

0.41 0.12 0.07 0.05 2.10 0.17 0.09 0.50 0.06 1.22

WEEK LOW CLOSE CHANGE

0.38 0.11 0.06 0.04 1.93 0.14 0.05 0.46 0.05 1.16

0.39 0.11 0.06 0.05unch 1.99 + 0.15 + 0.05 0.47 0.05 + 1.17unch

0.01 0.01 0.02 0.00 0.09 0.01 0.06 0.02 0.01 0.00

district. The dri l ling progra m w i l l fol low up on a d r i l l hole f rom Luc k y S t r i k e ’s Monte Ca rlo prospec t, which hit mu lt iple gold m i ner a l i z at ion z one s i n 2 018 , i nc lu d i n g 1.16 g r a m s go l d per ton ne over 8 met re s i n t he upper z one , a nd 4 . 55 g r a m s gold per ton ne over 8 me t re s i n t he lower z one . T he

c o m p a ny c o n s i d e r s t h e l ow e r- z o n e d i s c ove r y a s h i g h l y i mp or t a nt , b e c au s e it hold s broad , gold-su lph ider ich mater ia l . The Lucky Strike project is just one of the company’s six wholly owned properties in the White Gold district. As of March 2019, the junior had $1.1 million cashon-hand. TNM

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

Chilean Metals Green Valley M Highbank Res Castle Peak Mg FireFox Gold Luckystrike Nevado Res Blue Star Gold Wescan Gldflds Oronova Energy Gray Rock Res Paleo Resource Gold Rush Cari Discovery-Corp True Grit Res True North Gem GPM Metals Buffalo Coal Frontline Gold Kingsmen Res

CMX SCT HBK CAP FFOX LUKY VDO.H BAU WGF ONV GRK PRE GDBO DCY TGI.H TGX GPM BUF FGC KNG

51 24 1024 19 776 93 23 2192 18 496 195 1374 4177 15 50 43 234 3 77 2139

0.05 0.20 0.03 0.02 0.23 0.20 0.17 0.05 0.05 0.07 0.15 0.05 0.09 0.01 0.01 0.10 0.05 0.01 0.01 0.28

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.00 0.02 0.00 0.10 0.12 0.00 0.04 0.00 0.05 0.06 0.01 0.05 0.01 0.01 0.05 0.05 0.01 0.01 0.09

0.05 0.20 0.03 0.02 0.15 0.19 0.17 0.05 0.05 0.07 0.06 0.02 0.05 0.01 0.01 0.05 0.05 0.01 0.01 0.10

+ 150.0 + 122.2 + 100.0 + 100.0 + 61.1 + 52.0 + 50.0 + 42.9 + 42.9 + 40.0 - 60.0 - 57.1 - 55.0 - 50.0 - 50.0 - 50.0 - 50.0 - 50.0 - 50.0 - 45.9

VOLUME (000s)

Itafos BonTerra Res Aurion Res Great Bear Res Abitibi Royal Garibaldi Res Novo Res Adventus Bear Creek Mng Green Valley M Cantex Mn Dev GoldON Res Pac Booker Min Chantrell Vent Gldn Predator Callinex Mines Delrand Res Unity Metals Gray Rock Res Rupert Res

IFOS BTR AU GBR RZZ GGI NVO ADZN BCM SCT CD GLD BKM OIII GPY CNX KUU UTY GRK RUP

WEEK CLOSE

113 1.38 807 2.70 365 1.89 1349 4.64 5 12.25 692 1.48 492 2.33 72 1.08 159 1.78 24 0.20 376 4.65 156 0.62 16 1.73 61 3.35 1514 0.34 43 0.52 214 0.50 394 0.35 195 0.06 84 0.84

CHANGE

+ + + + + + + + + + -

0.38 0.36 0.31 0.30 0.20 0.18 0.14 0.13 0.12 0.11 0.97 0.17 0.17 0.16 0.14 0.13 0.10 0.10 0.09 0.09

U.S. MARKETS / JULY 8–12 Spot gold prices ended at US$1,407.60 per oz., up US$18.95 or 1.4% from the previous week. The yellow metal has spent the past three weeks trading around US$1,400 after making its June surge from a long-standing US$1,300 range. Rio Tinto shares rose US66¢ to US$60.71, despite the supermajor announcing that the next phase of underground development at its colossal Oyu Tolgoi copper-gold mine in Mongolia will cost an extra US$2.7 billion and take 2.5 years longer than expected, due to stability risks with the mine design. Rio Tinto subsidiary Turquoise Hill, which owns part of Oyu Tolgoi, saw its shares tumble US15¢, or 12.2%, to US$1.08. In its second-quarter production results, Rio Tinto chief executive Jean-Sébastien Jacques said: “We saw a challenging operational performance across our portfolio in the first half, while also investing in future growth at Richards Bay Minerals and Resolution. Whilst we experienced operational and weather issues at our iron ore operations in Australia, pricing and market demand has remained robust.” Vancouver-based global miner Eldorado Gold was the top percentage gainer in the sector, up 12% to US$6.99 per share, as it tabled second-quarter production results with total

18_JULY22_MarketNews.indd 18

gold production of 91,803 oz., and 174,780 oz. year-to-date. It says company-wide production is on track to meet an annual guidance of 390,000 to 420,000 oz. gold. Eldorado declared commercial operations at its Lamaque gold mine in Quebec on March 31, and the miner says the first quarter of commercial operations “showed strong production” of 33,140 oz. gold. Brazilian iron ore giant Vale saw its shares top the most active list, rising US68¢ to US$13.80. On July 9, Minas Gerais state convicted Vale for damages caused by the rupture of a tailings dam in Brumadinho, Brazil, on U.S. MOST ACTIVE ISSUES Vale* VALE Freeport McMoR*FCX Barrick Gold * GOLD United States S* X Yamana Gold* AUY Kinross Gold* KGC Turquoise HIl* TRQ Cleveland-Clif* CLF Harmony Gold* HMY Gold Fields* GFI

VOLUME (000s) HIGH

99602 87171 69514 69264 54932 51741 46654 40461 35578 33589

14.00 11.45 16.68 14.74 2.65 4.13 1.22 10.92 2.48 5.58

WEEK LOW CLOSE CHANGE

13.03 10.60 15.65 13.18 2.50 3.79 1.05 10.09 2.25 5.12

13.80 11.02 16.51 14.15 2.64 4.05 1.08 10.51 2.38 5.17

+ + + + + -

0.68 0.27 0.71 0.60 0.11 0.22 0.15 0.35 0.15 0.01

Jan. 25 that killed at least 247 people. On July 15, Vale said it would pay 400 million reais (US$107 million) to compensate workers affected by the disaster, as well as individual compensation for "moral and material" damages, including job stability.

In May, Vale said it was writing down US$2.42 billion in potential payments to victims’ families and estimated out-of-court settlements for damages related to the disaster, including US$247 million for a “framework agreement” with labour prosecutors. TNM

U.S. GREATEST PERCENTAGE CHANGE Eldorado Gold* Coeur Mng* Sibanye-Stillw* Harmony Gold* Pretium Res* IAMGOLD* Kinross Gold* Vale* Barrick Gold * Yamana Gold* Endeavr Silver* Turquoise HIl* Mosaic* Nutrien* HudBay Min* Lithium Amer* Nexa Resources* United States S* Mechel* Southern Copp*

EGO CDE SBGL HMY PVG IAG KGC VALE GOLD AUY EXK TRQ MOS NTR HBM LAC NEXA X MTL SCCO

VOLUME (000s) HIGH

20091 23574 13167 35578 10296 19306 51741 99602 69514 54932 8698 46654 22872 14200 4753 476 193 69264 143 4095

7.04 4.66 4.93 2.48 10.81 3.57 4.13 14.00 16.68 2.65 2.02 1.22 24.74 53.34 5.25 4.12 9.46 14.74 2.12 38.54

U.S. GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

6.04 4.14 4.52 2.25 10.01 3.27 3.79 13.03 15.65 2.50 1.70 1.05 22.39 49.65 4.78 3.90 8.80 13.18 2.02 36.43

6.99 4.63 4.76 2.38 10.73 3.55 4.05 13.80 16.51 2.64 1.75 1.08 23.00 49.94 4.90 3.94 9.09 14.15 2.03 36.87

+ 11.7 + 8.4 + 7.0 + 6.7 + 6.4 + 6.0 + 5.7 + 5.2 + 4.5 + 4.3 - 12.5 - 12.2 - 7.3 - 6.7 - 6.5 - 4.4 - 4.3 - 4.1 - 3.8 - 3.4

VOLUME (000s)

Chevron Corp* CVX Franco-Nevada* FNV Newmont Gdcorp*NEM Kirkland Lake* KL Suncor Energy* SU Eldorado Gold* EGO Barrick Gold * GOLD Vale* VALE Rio Tinto* RIO Pretium Res* PVG MartinMarietta* MLM Nutrien* NTR Mosaic* MOS Southern Copp* SCCO Natural Res Pt* NRP Arch Coal* ARCH CONSOL Energy* CEIX United States S* X Alcoa* AA Nexa Resources* NEXA

19727 2060 26829 6747 13524 20091 69514 99602 9348 10296 1921 14200 22872 4095 56 632 1140 69264 17137 193

WEEK CLOSE

125.98 85.79 39.42 42.92 32.28 6.99 16.51 13.80 60.71 10.73 226.50 49.94 23.00 36.87 35.18 90.22 25.31 14.15 22.60 9.09

CHANGE

+ + + + + + + + + + -

2.44 2.13 1.00 0.85 0.83 0.73 0.71 0.68 0.66 0.65 4.34 3.57 1.80 1.29 0.82 0.77 0.63 0.60 0.53 0.41

2019-07-16 9:02 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

M E TA L S , M I N I N G A N D M O N EY M A R K E T S Tuesday, July 15, 2019 Precious Metals Gold Silver Platinum Palladium

Price (US$/oz.) $1412.40 $15.32 $843.00 $1564.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 12, 2019 (change from July 5, 2019 in brackets): Aluminium Alloy 5180 (-540) Aluminium 926875 (-37522) Copper 288200 (-14775) Lead 64775 (+725) Nickel 150840 (-6624) Tin 6405 (-20) Zinc 79375 (-9225)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$61.05 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.25 Cobalt: US$12.47/lb. Copper: US$2.68/lb. Copper: CME Group Futures Aug. 2019: US$2.69/lb.; Sept. 2019: US$2.69/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz. Iron Ore 62% Fe CFR China-S: US$119.3/tonne Lead: US$0.88/lb. Molybdenum Oxide: US$11.60/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$3,545.00 tr. oz. Ruthenium: Mid-mkt US$249.00/tr. oz. Silver: Handy & Harman Base: US$15.20 per oz.; Handy & Harman Fabricated: US$19.00 per oz. Tantalite Ore : US$186.50/kg Tin: US$8.12/lb. Uranium: U3O8, Trade Tech spot price: US$24.50 per lb U308 Zinc: US$1.09/lb. Prices current July 12, 2019

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

Jul 12 16488.12 576.03 986.02 225.63 188.67

Jul 11 16527.90 580.40 989.48 224.37 188.67

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES SPOT PRICES COURTESY OF SCOTIABANK

Jul 10 16563.29 585.85 990.76 226.50 190.21

Jul 9 16545.21 585.48 991.27 222.45 186.47

Jul 8 16462.95 588.03 985.05 219.52 184.54

High 15527.30 1050.26 896.74 218.90 420.72

Low 12400.15 883.52 709.99 149.29 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Jun 28, 2019 (with changes from Jun 14, 2019) Largest short positions Sandstorm Gold SSL 18649667 279134 6/14/2019 Nemaska Lith NMX 14482333 -341247 6/14/2019 New Gold NGD 12711856 -7760701 6/14/2019 Ivanhoe Mines IVN 12318053 399818 6/14/2019 Barrick Gold ABX 9969030 -211192 6/14/2019 Yamana Gold YRI 9732645 -273632 6/14/2019 Royal Nickel RNX 9660878 7765096 6/14/2019 First Mg Fin FF 9234478 8381639 6/14/2019 First Quantum FM 9184679 2676874 6/14/2019 Kinross Gold K 8649041 -2336185 6/14/2019 Copper Mtn Mng CMMC 8186042 -81681 6/14/2019 Suncor Energy SU 7382902 2131736 6/14/2019 Turquoise HIl TRQ 7184693 -3397582 6/14/2019 Sherritt Intl S 6903139 -251232 6/14/2019 Nexgen Energy NXE 6499701 -376264 6/14/2019 Largest increase in short position First Mg Fin FF 9234478 8381639 6/14/2019 Royal Nickel RNX 9660878 7765096 6/14/2019 Cardinal Res CDV 4278579 4263570 6/14/2019 First Quantum FM 9184679 2676874 6/14/2019 Suncor Energy SU 7382902 2131736 6/14/2019 Largest decrease in short position New Gold NGD 12711856 -7760701 6/14/2019 Midas Gold MAX 696006 -3590072 6/14/2019 Turquoise HIl TRQ 7184693 -3397582 6/14/2019 Fortuna Silvr FVI 2635913 -2836321 6/14/2019 Kinross Gold K 8649041 -2336185 6/14/2019

Short positions outstanding as of Jun 28, 2019 (with changes from Jun 14, 2019) Largest short positions Atlantic Gold AGB 4384826 -2966256 6/14/2019 Alexandria Min AZX 3460700 3216407 6/14/2019 Equinox Gold EQX 1971917 54341 6/14/2019 Novo Res NVO 1801356 480502 6/14/2019 Minera Alamos MAI 1705518 1603955 6/14/2019 Leeta Gold HIVE 1354270 1171464 6/14/2019 QMX Gold QMX 1344063 1329346 6/14/2019 Cobalt 27 Cap KBLT 964206 118164 6/14/2019 IsoEnergy Ltd ISO 872394 865894 6/14/2019 Kootenay Silvr KTN 864161 297765 6/14/2019 Amarillo Gold AGC 786519 20391 6/14/2019 Gensource Pot GSP 704102 611498 6/14/2019 GoviEx Uranium GXU 575538 347106 6/14/2019 Mako Mining MKO 550990 493308 6/14/2019 Great Bear Res GBR 532867 388474 6/14/2019 Largest increase in short position Alexandria Min AZX 3460700 3216407 6/14/2019 Minera Alamos MAI 1705518 1603955 6/14/2019 QMX Gold QMX 1344063 1329346 6/14/2019 Leeta Gold HIVE 1354270 1171464 6/14/2019 IsoEnergy Ltd ISO 872394 865894 6/14/2019 Largest decrease in short position Atlantic Gold AGB 4384826 -2966256 6/14/2019 Benchmark Met BNCH 55995 -802994 6/14/2019 First Cobalt FCC 197370 -769988 6/14/2019 Medallion Res MDL 103468 -561114 6/14/2019 Arianne Phosph DAN 9272 -551641 6/14/2019

DAILY METAL PRICES Daily Metal Prices Date July 15 July 12 July 11 July 10 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1210/1225 1240/1230 1225/1220 1269/1270 Aluminum 1809.50/1829 1799/1819 1806.50/1827 1811/1830 Copper 5997/5994 5949.50/5960 5924/5934 5862/5878 Lead 1974/1978.50 1971/1975 1949/1953 1954/1943 Nickel 13345/13425 13200/13275 13085/13125 12785/12845 Tin 18005/18050 18175/18180 17850/17850 18045/18075 Zinc 2460.50/2443.50 2425.50/2419 2402/2395.50 2380.50/2380.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1416.25 1405.60 1423.10 Gold PM 1412.40 1407.60 1413.75 Silver 15.32 15.14 15.27 Platinum 843.00 N/A N/A Palladium N/A N/A N/A

July 9 1265/1265 1782.50/1802 5804/5821.50 1901/1906.50 12555/12615 18300/18275 2371/2367

1395.45 1408.30 15.10 823.00 1580.00

1387.90 1391.55 15.03 809.00 1555.00

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

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

Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 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 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21

LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Sandfire Resources America Inc. (SFR.RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS JULY 8–12, 2019 87 New Highs Alamos Gold Alamos Gold* Alexandria Min* Alianza Min* AngloGold Ash* Arianne Phosph* Avarone Metals Avarone Metals* Azteca Gold* Barrick Gold Barrick Gold * Black Iron* Blue Lagoon Blue Star Gold Bonanza Gold* Braveheart Res* BTU Metals Callinex Mines* Centerra Gold Chantrell Vent Contintl Gold Contintl Gold* Detour Gold

Diamond Fields Eldorado Gold Eldorado Gold* Ely Gold Royal Ely Gold Royal* Ero Copper Ero Copper* Franco-Nevada* GK Resources Gldn Predator* Global Atomic* Golden Hope Golden Hope* Gowest Gold* Great Bear Res Great Bear Res* Greenland M&En* Harfang Explor* Harmony Gold* Impala Platnm* K92 Mining K92 Mining* Kerr Mines Kerr Mines*

Kinross Gold Kinross Gold* Latin Metals* Liberty Gold* Los Andes Los Andes* Maverix Metals* Maxwell Res* Megastar Dev Minera Alamos Minera Alamos * NACCO Ind* Nevada Canyon* New Energy Met Newmont Gdcorp Newmont Gdcorp* Newport Gold* Nighthawk Gold Nighthawk Gold* NovaGold Res NovaGold Res* Orsu Metals* Orvana Mnrls Orvana Mnrls*

Perseus Mng Pretium Res Pretium Res* Primary Energy Reunion Gold Reunion Gold* Royal Gold* Talisker Res* Tanzanian Gold* Teuton Res United Res Hdg* Velocity Mnrls* Wesdome Gold Wesdome Gold* Western Potash Western Res* 51 New Lows Advantage Lith* African Rainb* Altiplano Met* American Lith American Lith* Anfield Energy* Azincourt Ener

Barrian Mining Blue Lagoon Blue Sky Uran* Brixton Metals CellCube Enrgy CellCube Enrgy* Cloud Peak En* Conquest Res * Critical Elem Delrey Metals Delrey Metals * Eastern Zinc eCobalt Solns eCobalt Solns* Endeavr Silver Energy Fuels Energy Fuels* Erdene Res Dev Far Res G2 Goldfields Indigo Expl Jervois Mining Matmown* Mawson Res

Miramont Res Nemaska Lith Nexco Res Nthrn Sphere* NxGold Ltd OceanaGold Orocobre Otis Gold Red Oak Mg Rokmaster Res Rokmaster Res* Select Sands Sierra Metals* Stuhini Explor Trevali Mng Trevali Mng* Turquoise HIl Turquoise HIl* Uranium Energy* Victory Metals*

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

Jul 12 ($) 18.43 53.11 54.11 11.16 12.10

9.73 14.06 51.05 13.78 34.53 4.81 36.94 36.69

Jul 5 ($) 18.29 20.46 50.53 51.58 10.86 7.50 11.68 22.58 26.40 9.56 13.67 50.16 13.45 33.87 4.79 35.93 35.01 36.15

Change ($) 0.15 0.16 2.58 2.53 0.30 0.03 0.42 0.20 0.25 0.17 0.40 0.89 0.33 0.67 0.02 1.00 1.68 0.58

Change (%) 0.80 0.76 5.12 4.91 2.76 0.40 3.56 0.87 0.93 1.78 2.91 1.78 2.45 1.97 0.44 2.80 4.81 1.59

YTDChange (%) -0.35 16.45 20.58 17.47 17.87 12.81 19.62

MER (%) 2.80 2.40 0.61 0.60 2.44 2.71 0.60

17.56 19.71 18.35 19.85 18.14 5.69 6.07 15.34 6.94 18.01

0.83 2.75 0.61 2.53 2.46 3.19 2.98 2.13 2.43 2.27

TotalAssets (M$) 95.12

45.55 362.81 5.69 32.40 743.67 59.89 28.57

318.33 203.17 113.13

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

Jul 12 1.3068 0.7652

Jul 11 1.3068 0.7652

Exchange rates (Quote Media, July 12, 2019) C$ to AUS C$ to EURO 1.0974 0.6799 C$ to UK Pound C$ to China Yuan 0.6109 5.2593 US to AUS US to EURO 1.4340 0.8884 US to UK Pound US to China Yuan 0.7982 6.8702

Jul 10 1.3074 0.7649

C$ to YEN 83.0135 C$ to India Rupee 52.3775 US to YEN 108.4735 US to India Rupee 68.6925

Jul 09 1.3128 0.7618

Jul 08 1.3098 0.7635

C$ to Mex Peso 14.5930 C$ to Swiss Franc 0.7575 US to Mex Peso 19.0663 US to Swiss Franc 0.9898

C$ to SA Rand 10.6845 C$ to S. Korea Won 898.1761 US to SA Rand 13.9650 US to S. Korea Won 1174.2000

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

19_JULY22_MMMM.indd 19

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

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

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

GLOBAL MINING NEWS · SINCE 1915

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

2019-07-16 6:05 PM

WWW.NORTHERNMINER.COM

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JULY 8–12, 2019 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1911 Gold* O 1911 Gold V 21C Metals* O 21C Metals 66 Resources 92 Resources V Abacus Mining V Abacus Mining* O Abcourt Mines V Abcourt Mines* O Aben Resources*O Aben Resources V Aberdeen Intl* O Aberdeen Intl T Abitibi Royal* O Abitibi Royal V AbraPlata Res* O AbraPlata Res V Adamera Min V Adamera Min* O Adex Mining V Advance Gold V Advantage Lith V Advantage Lith* O Adventus V Adventus* O Aethon Mineral V AEX Gold V African Gold* O African Gold V African Rainb* O Aftermath Silv V Aftermath Silv* O Agnico Eagle* N Agnico Eagle T AgriMinco* O Aguia Resource V Aguila Amer Gd V AJN Resources Alacer Gold T Alamos Gold T Alamos Gold* N Alaska Pac Egy* O Albert Mining V Albert Mining* O Alcoa* N Aldebaran Res V Alderon Iron* O Alderon Iron T Aldever Res* O Aldever Res V Alexandra Cap* O Alexandria Min* O Alexandria Min V Alexco Res T Alexco Res* X Algold Res* O Algold Res V Alianza Min V Alianza Min* O Alien Metals* O Alio Gold T Alio Gold* X Allegiant Gold V Allegiant Gold* O Alliance Mng V Alliance Res* D Almaden Min T Almaden Min* X Almadex Min* O Almadex Min V Almonty Ind * O Almonty Ind T Aloro Mining* O Aloro Mining V Alphamin Res * O Alphamin Res V ALQ Gold Altai Resource V Altai Resource* O Altair Res Inc V Altamira Gold V Altamira Gold* O Altan Nevada V Altan Rio Min V Altiplano Met V Altiplano Met* O Altius Mnrls T Altius Mnrls * O Alto Ventures V Alto Ventures* O Altura Mining* O Alturas Min V Altus Strat V Alumina Ltd* O ALX Uranium* O ALX Uranium V AM Resources V AM Resources* O Amador Gold V Amarc Res* O Amarc Res V Amarillo Gold V Amarillo Gold* O Amazing Energy*O Amer Intl Vent* O American Batt* O American Creek V American Creek*O American CuMo*O American Lith* O American Lith V American Mang*O American Mang V American Pac American Pac* O AmericanSierra* O Americas Silvr* X Americas Silvr T Amerigo Res T Amerigo Res* O Amex Expl* O Amex Expl V Amilot Capital V Amseco Expl V Anaconda Mng T Anaconda Mng* O Andes Gold* O Anfield Energy* O Anfield Energy V Angel Gold* O Angel Gold V Angkor Gold V Angkor Gold* O Anglo American*O Anglo American*O Anglo Pac Grp T AngloGold Ash* O AngloGold Ash* N Antioquia Gold V Antioquia Gold* O Antler Gold V Antofagasta* O Apex Res V Appia Energy Appia Energy* O Applied Min* O Aquila Res* O Aquila Res T Arch Coal* N Archon Mineral V Arctic Star* O Arctic Star V Arcturus Vent* O Arcturus Vent V Arcus Dev Grp V Arcwest Explor V Arcwest Explor* O Arena Min* O Arena Min V Argentina Lith V

41 151 757 1134 82 827 43 21 384 89 178 457 30 47 4 5 208 680 393 1201 226 72 265 136 72 27 187 3 5 456 9 1015 314 5420 3310 0 53 32 85 4224 3016 8862 500 903 66 17137 27 125 154 1 2 4 1031 5962 790 2163 100 48 1142 223 112 404 613 105 192 950 1901 82 726 138 68 8 126 6 175 171 317 1136 91 13 160 501 206 14 1206 67 41 147 83 175 255 1462 175 423 93 26 71 380 5 347 17 41 279 66 62 325 663 123 52 76 500 256 258 511 3998 90 53 770 360 434 146 7 340 139 56 1061 80 0 189 628 0 266 56 10 10 256 317 2 14842 193 44 25 7 29 63 69 937 129 137 632 2 117 3394 4 4 26 385 14 7 91 27

20-22_JULY22_StockTables.indd 20

0.24 0.31 0.27 0.22 0.29 0.04 0.07 0.05 0.08 0.06 0.20 0.25 0.04 0.05 9.52 12.50 0.04 0.05 0.04 0.03 0.01 0.07 0.40 0.30 1.09 0.83 0.14 0.33 0.15 0.19 13.60 0.10 0.08 52.47 68.56 0.00 0.14 0.23 0.22 4.59 8.27 6.33 0.00 0.12 0.07 23.11 0.40 0.22 0.30 0.05 0.07 0.35 0.05 0.07 1.51 1.17 0.00 0.19 0.10 0.07 0.00 1.05 0.81 0.13 0.11 0.01 18.11 0.87 0.68 0.26 0.32 0.64 0.86 0.03 0.06 0.19 0.24 1.13 0.07 0.00 0.06 0.07 0.05 0.04 0.01 0.09 0.06 12.78 9.80 0.03 0.02 0.10 0.02 0.08 6.60 0.05 0.06 0.11 0.08 0.70 0.05 0.06 0.21 0.17 0.16 0.01 0.25 0.04 0.03 0.05 0.18 0.23 0.12 0.15 0.15 0.11 0.02 2.39 3.12 0.72 0.54 0.74 0.97 0.04 0.05 0.32 0.25 0.00 0.16 0.21 0.00 0.02 0.13 0.10 27.08 13.60 4.07 18.40 18.44 0.03 0.02 0.08 12.06 0.06 0.30 0.24 0.04 0.16 0.21 92.50 0.00 0.05 0.06 0.05 0.00 0.04 0.07 0.05 0.04 0.07 0.08

0.00 0.00 0.12 0.16 0.25 0.04 0.05 0.04 0.07 0.05 0.18 0.24 0.02 0.04 0.00 0.00 0.03 0.04 0.03 0.02 0.00 0.06 0.32 0.26 0.98 0.76 0.12 0.33 0.15 0.16 0.00 0.09 0.07 50.80 66.47 0.00 0.14 0.23 0.21 4.23 7.79 5.95 0.00 0.09 0.05 21.16 0.38 0.22 0.00 0.00 0.00 0.34 0.04 0.06 1.37 1.04 0.00 0.15 0.07 0.05 0.00 1.00 0.76 0.11 0.08 0.01 17.56 0.77 0.59 0.19 0.30 0.63 0.77 0.03 0.04 0.17 0.22 0.66 0.06 0.00 0.05 0.06 0.04 0.04 0.01 0.08 0.06 12.00 9.20 0.02 0.02 0.07 0.02 0.00 6.32 0.00 0.00 0.09 0.08 0.56 0.04 0.05 0.18 0.13 0.15 0.01 0.23 0.03 0.02 0.05 0.13 0.18 0.10 0.14 0.11 0.08 0.00 2.22 2.91 0.67 0.51 0.70 0.85 0.03 0.05 0.27 0.21 0.00 0.11 0.16 0.00 0.02 0.11 0.10 0.00 13.27 2.97 17.98 17.52 0.03 0.02 0.00 10.48 0.05 0.27 0.20 0.03 0.14 0.20 87.62 0.00 0.03 0.05 0.05 0.00 0.04 0.07 0.05 0.04 0.00 0.07

0.23 + 0.31 + 0.13 0.17 0.29 + 0.04 + 0.05 0.05 + 0.07 unch 0.06 + 0.18 0.24 unch 0.02 0.04 9.39 12.25 + 0.03 0.04 0.03 unch 0.02 0.01 unch 0.06 0.35 0.27 1.08 + 0.82 + 0.13 unch 0.33 unch 0.15 unch 0.17 13.60 unch 0.10 + 0.08 + 51.89 + 67.63 + 0.00 unch 0.14 + 0.23 unch 0.21 unch 4.36 8.08 + 6.21 + 0.00 unch 0.09 0.07 + 22.60 0.40 unch 0.22 unch 0.30 + 0.05 0.07 unch 0.34 unch 0.05 0.06 1.50 1.15 0.11 unch 0.19 + 0.10 + 0.07 + 0.00 1.01 unch 0.78 0.11 0.10 + 0.01 unch 17.71 + 0.84 + 0.65 + 0.26 + 0.32 + 0.64 + 0.81 0.03 0.04 0.17 0.24 1.00 + 0.07 unch 0.05 unch 0.05 0.07 unch 0.04 + 0.04 unch 0.01 unch 0.09 0.06 12.08 9.25 0.03 unch 0.02 unch 0.07 0.02 unch 0.07 6.40 0.05 + 0.06 + 0.10 0.08 unch 0.64 + 0.05 + 0.05 unch 0.19 0.14 0.15 0.01 + 0.23 0.04 unch 0.03 + 0.05 unch 0.17 + 0.22 unch 0.11 0.15 unch 0.15 + 0.10 + 0.02 unch 2.35 + 3.08 0.68 unch 0.52 + 0.71 + 0.89 + 0.04 0.05 unch 0.31 + 0.23 + 0.01 unch 0.11 0.16 0.01 unch 0.02 unch 0.13 + 0.10 unch 26.87 13.59 + 3.01 + 17.98 + 18.06 + 0.03 unch 0.02 + 0.08 + 10.95 0.06 + 0.30 unch 0.22 + 0.03 0.15 0.20 90.22 0.50 unch 0.03 0.05 + 0.05 unch 0.08 unch 0.04 unch 0.07 0.05 unch 0.04 + 0.06 0.07 -

0.03 0.04 0.02 0.03 0.04 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.09 0.20 0.00 0.01 0.00 0.00 0.00 0.01 0.04 0.03 0.13 0.09 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.32 0.20 0.00 0.02 0.00 0.00 0.11 0.23 0.22 0.00 0.02 0.01 0.53 0.00 0.00 0.03 0.01 0.00 0.00 0.00 0.02 0.04 0.01 0.00 0.05 0.03 0.02 0.00 0.00 0.02 0.02 0.01 0.00 0.02 0.05 0.03 0.04 0.03 0.02 0.04 0.02 0.02 0.02 0.01 0.33 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.72 0.54 0.00 0.00 0.01 0.00 0.02 0.13 0.00 0.01 0.01 0.00 0.09 0.00 0.00 0.03 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.01 0.00 0.02 0.02 0.00 0.00 0.01 0.05 0.01 0.00 0.03 0.01 0.00 0.03 0.03 0.00 0.00 0.01 0.00 1.09 0.11 0.04 0.25 0.32 0.00 0.00 0.01 1.11 0.01 0.00 0.00 0.01 0.01 0.01 0.77 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01

0.35 0.69 0.30 0.42 0.29 0.09 0.38 0.29 0.08 0.06 0.38 0.49 0.11 0.14 10.14 13.50 0.10 0.12 0.12 0.08 0.02 0.40 0.89 0.68 1.16 0.90 0.50 0.53 0.18 0.30 13.60 0.20 0.14 52.50 69.13 0.00 0.17 0.28 0.22 4.66 8.27 6.33 0.00 0.25 0.19 48.75 0.90 0.35 0.50 0.10 0.20 0.48 0.05 0.07 1.87 1.42 0.59 1.00 0.10 0.07 0.01 2.03 1.52 0.54 0.42 0.04 20.99 1.19 0.90 0.45 0.51 0.81 1.10 0.16 0.23 0.22 0.29 4.04 0.18 0.13 0.20 0.14 0.10 0.09 0.02 0.35 0.25 13.93 10.63 0.04 0.03 0.27 0.02 0.15 8.77 0.07 0.09 0.22 0.09 1.10 0.07 0.10 0.32 0.25 0.40 0.03 0.38 0.05 0.04 0.10 0.57 0.74 0.16 0.21 0.31 0.24 0.03 3.09 4.14 1.21 0.92 1.12 1.52 0.15 0.29 0.36 0.28 0.01 0.45 0.59 0.05 0.07 0.20 0.32 29.00 14.74 4.75 18.40 18.44 0.05 0.03 0.20 13.24 0.09 0.41 0.31 0.17 0.23 0.30 101.92 0.92 0.10 0.13 0.12 0.15 0.06 0.20 0.12 0.08 0.11 0.86

0.16 0.22 0.05 0.14 0.06 0.03 0.04 0.03 0.04 0.03 0.08 0.11 0.02 0.04 5.89 7.98 0.03 0.04 0.02 0.01 0.01 0.05 0.32 0.27 0.66 0.48 0.11 0.24 0.12 0.08 13.50 0.05 0.05 32.18 42.35 0.00 0.08 0.17 0.05 1.97 3.88 2.90 0.00 0.02 0.01 20.82 0.38 0.15 0.22 0.02 0.04 0.34 0.01 0.02 0.92 0.68 0.10 0.11 0.04 0.03 0.00 0.69 0.51 0.08 0.06 0.01 16.50 0.57 0.43 0.14 0.25 0.37 0.51 0.02 0.03 0.13 0.18 0.65 0.06 0.05 0.04 0.05 0.04 0.02 0.01 0.07 0.06 10.04 7.31 0.02 0.01 0.06 0.01 0.04 6.00 0.03 0.05 0.08 0.06 0.46 0.03 0.04 0.18 0.13 0.00 0.00 0.10 0.03 0.02 0.02 0.13 0.18 0.10 0.13 0.04 0.03 0.01 1.24 1.66 0.62 0.45 0.04 0.06 0.03 0.01 0.18 0.14 0.01 0.12 0.16 0.01 0.02 0.11 0.09 19.09 9.37 1.99 7.38 7.08 0.02 0.01 0.05 9.27 0.04 0.16 0.12 0.01 0.10 0.13 75.52 0.50 0.03 0.04 0.05 0.05 0.03 0.06 0.04 0.03 0.05 0.05

(100s) Stock

Exc Volume

Week Last

12-month

High

Low

Change

High Low

Argentina Lith* O 2 Argentum Silvr V 33 Argo Gold* O 42 Argo Gold 249 Argonaut Gold* O 74 Argonaut Gold T 4977 Arianne Phosph V 141 Arianne Phosph*O 71 Arizona Silver* O 63 Arizona Silver V 342 Armor Min V 0 Asanko Gold T 820 Asanko Gold* X 1522 Asante Gold 270 Asante Gold* O 30 Asbestos Corp V 2 Ascendant Res* O 8 Ascendant Res T 114 Ascot Res * O 92 Ascot Res V 500 Ashanti Gold V 1777 Ashanti Sanko V 15 AsiaBaseMetals V 41 Asian Mineral V 18 Aston Bay V 739 Aston Bay* O 603 Astorius Res V 119 ATAC Res V 223 ATAC Res* O 51 Atacama Res* O 64350 Atalaya Mining T 26 Athabasca Min* O 31 Athabasca Min V 463 Athena Silver* O 23 Atico Mining* O 78 Atico Mining V 127 Atlanta Gold* O 19 Atlantic Gold V 305 Atlantic Gold* O 49 Atlantic Indus V 245 Atlas Cons Mng*O 150 Atlatsa Res T 3488 Atlatsa Res* O 5 Atom Energy * O 40 Aton Resources*O 24 Aton Resources V 195 Aura Minerals* O 0 Aura Minerals T 5 Aura Resources V 220 Aura Resources*O 8 Auramex Res V 669 Aurania Res* O 43 Aurania Res V 81 Aurcana Corp V 176 Aurcana Corp* O 77 AurCrest Gold V 75 AurCrest Gold* O 15 Aurelius Min V 522 Aurex Energy V 200 Aurion Res V 365 Aurion Res * O 54 Aurora Royal V 20 AURYN Mining* O 1 Auryn Resource T 731 Auryn Resource*X 737 Aust Mines* O 903 Austin Res V 120 Austral Gold* O 6 Austral Gold V 20 Auxico Res 123 Avalon Advance T 3499 Avalon Advance*O 1328 Avarone Metals* O 46 Avarone Metals 3857 Avesoro Res T 46 Avesoro Res* O 7 Avidian Gold V 84 Avino Silver* X 1577 Avino Silver T 123 Avrupa Min V 279 Avrupa Min* O 62 Awale Res V 10 Axmin Inc V 42 Axmin Inc* O 0 Azarga Metals V 55 Azarga Metals* O 0 Azarga Uranium*O 934 Azarga Uranium T 1758 Azimut Explor* O 33 Azimut Explor V 19 Azincourt Ener* O 22 Azincourt Ener V 1269 Aztec Minerals V 19 Aztec Minerals* O 52 Azteca Gold* O 684 Azucar Min V 179 Azucar Min* O 157

0.07 0.17 0.08 0.13 1.58 2.06 0.63 0.49 0.09 0.12 0.00 0.97 0.74 0.05 0.03 0.45 0.32 0.42 0.53 0.70 0.05 0.03 0.54 0.13 0.07 0.05 0.19 0.27 0.20 0.01 3.46 0.50 0.67 0.03 0.23 0.32 0.04 2.90 2.22 0.02 0.05 0.09 0.06 0.24 0.03 0.03 14.62 18.82 0.09 0.05 0.07 2.28 2.96 0.27 0.21 0.04 0.02 0.03 0.26 1.90 1.45 0.07 0.57 2.20 1.73 0.02 0.02 0.04 0.06 0.14 0.08 0.06 0.11 0.15 1.88 1.01 0.11 0.61 0.77 0.03 0.02 0.08 0.50 0.37 0.11 0.00 0.22 0.28 0.32 0.35 0.03 0.04 0.09 0.07 0.00 0.32 0.24

0.05 0.14 0.08 0.09 1.39 1.79 0.57 0.44 0.08 0.10 0.00 0.84 0.64 0.05 0.03 0.45 0.32 0.35 0.49 0.64 0.04 0.00 0.00 0.12 0.06 0.05 0.17 0.24 0.18 0.00 3.20 0.42 0.55 0.02 0.21 0.28 0.00 2.88 2.19 0.02 0.05 0.08 0.00 0.00 0.02 0.03 0.00 0.00 0.05 0.05 0.06 2.16 2.86 0.24 0.00 0.04 0.02 0.00 0.18 1.59 1.20 0.07 0.25 2.07 1.58 0.01 0.02 0.04 0.06 0.12 0.07 0.05 0.10 0.13 1.22 0.91 0.10 0.51 0.68 0.03 0.02 0.08 0.48 0.37 0.09 0.00 0.17 0.22 0.27 0.34 0.02 0.00 0.09 0.06 0.00 0.26 0.19

0.05 0.15 0.08 unch 0.13 + 1.58 + 2.05 + 0.57 0.46 0.08 0.11 0.43 unch 0.96 + 0.74 + 0.05 + 0.03 unch 0.45 unch 0.32 unch 0.38 0.52 0.66 0.05 + 0.03 0.54 + 0.13 + 0.06 0.05 unch 0.19 + 0.25 + 0.20 + 0.01 3.20 0.44 0.60 0.03 0.21 0.28 0.04 + 2.89 + 2.21 + 0.02 unch 0.05 unch 0.08 0.06 + 0.24 unch 0.02 0.03 unch 13.60 17.96 0.06 0.05 unch 0.07 + 2.22 + 2.90 + 0.27 + 0.21 + 0.04 unch 0.02 unch 0.03 unch 0.18 1.89 + 1.38 + 0.07 0.57 unch 2.07 1.58 0.02 0.02 unch 0.04 unch 0.06 unch 0.12 0.07 0.05 0.11 + 0.15 + 1.59 + 1.01 + 0.10 0.53 0.68 0.03 + 0.02 0.08 unch 0.48 0.37 unch 0.10 0.06 unch 0.18 0.22 0.27 unch 0.35 + 0.03 0.04 0.09 unch 0.07 unch 0.00 + 0.27 0.21 -

0.02 0.27 0.03 0.02 0.26 0.10 0.00 0.24 0.06 0.03 0.33 0.07 0.15 1.84 0.85 0.21 2.43 1.18 0.06 0.65 0.35 0.02 0.49 0.27 0.01 0.14 0.04 0.01 0.19 0.06 0.00 0.59 0.30 0.13 1.52 0.68 0.10 1.15 0.50 0.01 0.08 0.03 0.00 0.05 0.03 0.00 0.55 0.33 0.00 0.64 0.26 0.05 0.87 0.34 0.02 1.03 0.47 0.02 1.44 0.64 0.01 0.11 0.03 0.01 0.06 0.02 0.04 0.64 0.12 0.01 3.00 0.10 0.01 0.23 0.05 0.00 0.17 0.03 0.01 0.65 0.15 0.01 0.60 0.18 0.01 0.45 0.14 0.00 0.01 0.00 0.26 4.25 2.88 0.07 0.53 0.12 0.07 0.77 0.16 0.00 0.04 0.01 0.02 0.39 0.17 0.02 0.51 0.23 0.03 0.04 0.01 0.01 2.90 1.40 0.02 2.36 1.07 0.00 0.04 0.01 0.00 0.05 0.05 0.01 0.09 0.03 0.00 0.07 0.02 0.00 0.65 0.00 0.00 0.08 0.02 0.00 0.11 0.03 1.02 16.50 1.00 1.00 24.00 14.60 0.03 0.15 0.03 0.00 0.05 0.01 0.01 0.07 0.03 0.00 3.05 1.44 0.01 4.10 1.93 0.03 1.13 0.21 0.03 1.25 0.00 0.00 0.04 0.01 0.00 0.02 0.01 0.00 0.07 0.02 0.07 0.65 0.18 0.31 2.15 0.74 0.13 1.63 0.57 0.01 0.11 0.06 0.00 1.80 0.05 0.08 2.45 1.14 0.10 1.84 0.85 0.00 0.19 0.01 0.00 0.13 0.05 0.00 0.40 0.00 0.00 0.10 0.05 0.02 0.27 0.12 0.02 0.17 0.05 0.01 0.13 0.03 0.01 0.11 0.02 0.02 0.15 0.04 0.40 5.99 0.42 0.10 3.04 0.65 0.02 0.68 0.09 0.05 1.23 0.39 0.07 1.62 0.53 0.01 0.10 0.03 0.00 0.08 0.01 0.00 0.15 0.06 0.01 0.66 0.13 0.00 0.50 0.10 0.01 0.15 0.08 0.00 0.11 0.06 0.02 0.24 0.15 0.04 0.30 0.20 0.00 0.38 0.17 0.01 0.52 0.22 0.01 0.08 0.02 0.01 0.10 0.03 0.00 0.26 0.07 0.00 0.18 0.04 0.00 0.00 0.00 0.03 0.77 0.26 0.02 0.59 0.19

B2Gold Corp T B2Gold Corp* X Balmoral Res* O Balmoral Res T Bankers Cobalt* O Bankers Cobalt V Bannerman Res*O Banyan Gold V Banyan Gold* O Bard Ventures V Barkerville V Barkerville* O Barksdale Cap V Barksdale Cap* O Barolo Venture V Baroyeca Gold* O Baroyeca Gold V Barrian Mining V Barrick Gold T Barrick Gold * N Barsele Min* O Barsele Min V Batero Gold* O Batero Gold V Bayhorse Silvr* O Bayhorse Silvr V BC Moly V BCM Res V BE Res V Bear Creek Mng V Bear Creek Mng*O Bearing Lith V Bearing Lith* O Beauce Gold V Bell Copper V Bell Copper* O Belmont Res V Belo Sun Mng T Belo Sun Mng* O BeMetals V Benchmark Met V Benchmark Met*O Benton Res V Benton Res* O Benz Mining V Berkwood Res * O Berkwood Res V Bessor Min V Bird River Res Bitterroot Res* O Bitterroot Res V N Black Hills* Black Iron T Black Iron* O Black Mammoth*O Black Sea V Black Sea * O Black Tusk Res Black Tusk Res* O Blackheath Res V Blackrock Gold* O Blackrock Gold V Blind Creek V BLOX Inc* O

4.16 3.90 4.07 + 3.19 2.98 3.13 + 0.09 0.08 0.08 0.13 0.11 0.11 0.02 0.02 0.02 unch 0.03 0.00 0.03 0.04 0.03 0.04 + 0.04 0.04 0.04 unch 0.04 0.03 0.04 + 0.14 0.14 0.14 + 0.36 0.34 0.36 + 0.27 0.26 0.27 + 0.56 0.51 0.54 + 0.44 0.39 0.42 + 0.26 0.00 0.26 0.00 0.00 0.00 unch 0.00 0.00 0.05 unch 0.11 0.10 0.11 21.81 20.48 21.51 + 16.68 15.65 16.51 + 0.36 0.33 0.36 + 0.47 0.43 0.47 + 0.04 0.04 0.04 unch 0.06 0.06 0.06 unch 0.07 0.05 0.07 0.09 0.08 0.08 0.00 0.00 0.06 unch 0.10 0.09 0.09 0.04 0.04 0.04 unch 1.78 1.62 1.78 + 1.33 1.25 1.33 + 0.20 0.00 0.19 0.15 0.00 0.15 + 0.11 0.10 0.11 0.08 0.07 0.07 0.06 0.06 0.06 0.09 0.08 0.08 unch 0.27 0.24 0.24 0.20 0.18 0.19 + 0.25 0.25 0.25 + 0.32 0.24 0.30 + 0.24 0.18 0.23 + 0.06 0.06 0.06 unch 0.06 0.03 0.06 + 0.06 0.06 0.06 unch 0.04 0.03 0.04 + 0.05 0.04 0.05 unch 0.06 0.06 0.06 unch 0.02 0.02 0.02 unch 0.03 0.00 0.03 0.05 0.04 0.05 80.58 78.93 79.97 + 0.14 0.12 0.14 + 0.11 0.09 0.10 + 0.04 0.04 0.04 unch 0.07 0.00 0.06 unch 0.05 0.00 0.04 0.18 0.13 0.15 + 0.13 0.11 0.11 + 0.01 0.01 0.01 unch 0.09 0.08 0.09 + 0.12 0.10 0.12 + 0.06 0.05 0.06 unch 0.19 0.19 0.19 -

0.15 4.40 2.77 0.15 3.35 2.10 0.02 0.18 0.07 0.02 0.23 0.10 0.00 0.09 0.01 0.01 0.12 0.02 0.00 0.06 0.03 0.00 0.08 0.04 0.01 0.06 0.02 0.01 1.63 0.14 0.01 0.50 0.30 0.00 0.38 0.23 0.02 0.77 0.35 0.02 0.55 0.27 0.01 0.30 0.09 0.00 0.02 0.00 0.00 0.25 0.05 0.01 0.20 0.10 0.84 21.81 12.54 0.71 88.70 11.52 0.03 0.62 0.28 0.05 0.90 0.36 0.00 0.06 0.03 0.00 0.08 0.06 0.00 0.13 0.04 0.01 0.18 0.07 0.00 0.06 0.03 0.01 0.26 0.07 0.00 0.07 0.02 0.12 2.01 0.89 0.06 2.03 0.71 0.01 0.35 0.17 0.01 0.80 0.02 0.01 0.29 0.07 0.01 0.15 0.05 0.01 0.12 0.03 0.00 0.80 0.04 0.01 0.42 0.17 0.01 0.33 0.12 0.01 0.30 0.18 0.02 0.40 0.16 0.03 0.30 0.11 0.00 0.07 0.04 0.02 0.06 0.02 0.00 0.09 0.05 0.00 0.10 0.03 0.00 0.13 0.04 0.00 0.20 0.05 0.00 0.10 0.01 0.00 0.09 0.01 0.01 0.12 0.02 0.58 82.01 56.42 0.01 0.16 0.05 0.00 0.11 0.03 0.00 0.08 0.03 0.00 0.26 0.06 0.00 0.07 0.01 0.01 0.29 0.11 0.00 1.06 0.10 0.00 0.03 0.01 0.01 0.10 0.02 0.02 0.13 0.03 0.00 0.09 0.03 0.01 0.25 0.03

B 10964 22127 350 286 50 261 2284 109 132 3 2198 436 381 89 29 0 0 832 20042 69514 80 26 374 268 128 532 1 11 200 159 38 70 38 73 98 104 66 723 387 458 775 70 737 13 80 107 1851 29 826 169 172 1155 2773 209 1 57 3 4907 11 875 121 1331 60 15

(100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

Blue Lagoon 3 Blue Moon Zinc*O 161 Blue Moon Zinc V 272 Blue River Res V 725 Blue River Res* O 150 Blue Sky Uran* O 256 Blue Sky Uran V 468 Blue Star Gold V 2192 BlueBird Batt V 74 BlueBird Batt* O 11 Bluenose Gold V 667 Bluestone Res* O 16 Bluestone Res V 46 Bold Ventures V 210 Bonanza Gold* O 17764 Bond Resources 85 BonTerra Res V 807 Boreal Metals V 219 Boreal Metals * O 200 Borneo Res Inv* O 2260 Bravada Gold V 33 Bravada Gold* O 80 Braveheart Res V 530 Braveheart Res* O 50 Bravo Multinat* O 86 Brazil Min* O 194153 BrightRock* O 215 Britannia Mng* O 374 Brixton Metals V 186 Brixton Metals* O 48 Broadway Gold V 48 Broadway Gold* O 14 Brookmount Exp*O 972 Bryn Res* O 452 BTU Metals V 1810 Buenaventura* N 4361 Buffalo Coal V 3 Bullfrog Gold* O 88 Bunker Hill 20 BWR Explor V 4680

0.27 0.00 0.27 + 0.02 0.01 0.02 + 0.03 0.00 0.03 + 0.02 0.01 0.02 unch 0.02 0.02 0.02 unch 0.12 0.00 0.11 0.15 0.14 0.15 unch 0.05 0.04 0.05 + 0.22 0.19 0.19 0.17 0.14 0.14 0.12 0.12 0.12 unch 0.87 0.79 0.86 + 1.13 1.06 1.11 + 0.02 0.02 0.02 unch 0.00 0.00 0.00 0.17 0.11 0.15 unch 2.89 2.35 2.70 + 0.05 0.05 0.05 0.04 0.04 0.04 unch 0.00 0.00 0.00 0.10 0.10 0.10 0.08 0.07 0.07 0.20 0.17 0.18 0.14 0.00 0.14 + 0.45 0.00 0.41 0.00 0.00 0.00 + 0.00 0.00 0.00 unch 0.00 0.00 0.00 + 0.15 0.00 0.13 unch 0.11 0.10 0.10 0.08 0.08 0.08 unch 0.07 0.01 0.01 unch 0.01 0.01 0.01 + 0.07 0.05 0.05 0.19 0.15 0.18 + 16.75 15.89 16.40 0.01 0.01 0.01 0.14 0.11 0.12 0.06 0.00 0.06 + 0.05 0.04 0.05 unch

Cabral Gold V Cabral Gold* O Cache Explor* O Cache Explor V Cadillac Vent V Caledonia Mng* X Caledonia Mng T Calibre Mng* O Calibre Mng V California Gld California Gld* O Callinex Mines* O Callinex Mines V Cameco Corp* N Cameco Corp T Cameo Cobalt* O Cameo Cobalt V Camino Min* O Camino Min V Camrova Res* O Canada Carbon V Canada Carbon*O Canada Coal V Canada Cobalt V Canada Cobalt * O Canada One* O Canada One V Canada Rare V Canada Rare* O Canadian Engy V Canadian Metal Canadian Ore V Canadian Ore* O Canadian Prem V CanAlaska Uran*O CanAlaska Uran V Canamex Gold* O Canarc Res T Canarc Res* O Canasil Res V Candelaria Mg V Candente Coppr T Candente Gold* O Candente Gold V CANEX Metals V CaNickel Mng V CaNickel Mng* O Canoe Mng Vent V Canstar Res V Canterra Mnls V Cantex Mn Dev* O Cantex Mn Dev V Canuc Res V Canuc Res* O Capstone Mng T Caracara Silvr* O Cardero Res V Cardero Res* O Cardinal Res* O Cardinal Res T Cariboo Rose V Carlin Gold V Carrara Explor Cartier Iron Cartier Res V Carube Copper V Casa Minerals V Cascadero CoppV Castle Peak Mg V Cautivo Mining CellCube Enrgy* O CellCube Enrgy Centamin T Centaurus Diam*O Centerra Gold T Central Iron V Central Tim Ex V Centurion Mnls V Century Cobalt* O Century Global T Century Metals V Cerro Grande Cerro Mng V Ceylon Graph V Chakana CopperV Chakana Copper*O Chalice Gold M* O Chalice Gold M T Champion Bear V Champion Bear* O Champion Iron T Champion Iron* O Chantrell Vent V Chatham Rock V Chatham Rock* O Chesapeake Gld*O Chesapeake Gld V Chevron Corp* N Chiboug Ind Mn V Chiboug Ind Mn*O Chilean Metals V Chilean Metals* O China Gold Int T Chinapintza Mg V Cicada Vents V Clarmin Explor V Clean Comm* O Clean Comm V Cleghorn Mnls* O Cleghorn Mnls V Cleveland-Clif* N Cliffmont Res V Clifton Mng* O Cloud Peak En* O CMC Metals* O CMC Metals V CMX Gold & Sil CNRP Mng CNRP Mng* O Cobalt 27 Cap V

0.19 0.11 0.04 0.05 0.02 6.38 8.00 0.45 0.58 0.71 0.54 0.46 0.60 11.19 14.60 0.05 0.06 0.10 0.16 0.02 0.10 0.07 0.03 0.30 0.22 0.01 0.03 0.08 0.06 0.07 0.05 0.22 0.00 0.85 0.23 0.28 0.04 0.06 0.05 0.07 0.00 0.05 0.03 0.04 0.08 0.00 0.04 0.03 0.05 0.02 4.34 5.65 0.04 0.03 0.59 0.00 0.04 0.03 0.20 0.31 0.05 0.02 0.05 0.06 0.17 0.04 0.10 0.03 0.02 0.15 0.06 0.08 1.90 0.15 9.91 0.02 0.05 0.10 0.11 0.18 0.11 0.01 0.00 0.14 0.43 0.33 0.10 0.14 0.16 0.14 2.68 2.05 4.00 0.16 0.00 1.39 1.80 126.25 0.25 0.19 0.05 0.02 1.68 0.02 0.01 0.13 0.02 0.04 0.04 0.07 10.92 0.00 0.11 0.05 0.03 0.08 0.05 0.38 0.29 4.19

High Low

0.01 0.27 0.26 0.01 0.08 0.01 0.01 0.11 0.02 0.00 0.04 0.01 0.00 0.03 0.01 0.00 0.18 0.09 0.00 0.23 0.13 0.02 0.05 0.02 0.02 0.45 0.14 0.03 0.31 0.13 0.00 0.33 0.09 0.06 1.15 0.65 0.04 1.60 0.85 0.00 0.04 0.02 0.00 0.00 0.00 0.00 0.20 0.11 0.36 4.90 1.46 0.01 0.17 0.04 0.00 0.04 0.04 0.00 0.00 0.00 0.01 0.11 0.05 0.00 0.08 0.04 0.02 0.21 0.06 0.02 0.14 0.05 0.07 0.95 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.24 0.10 0.01 0.18 0.08 0.00 0.18 0.06 0.00 0.13 0.01 0.00 0.02 0.00 0.00 0.10 0.01 0.04 0.19 0.04 0.18 17.78 11.67 0.01 0.02 0.01 0.02 0.24 0.04 0.01 7.70 0.05 0.00 0.06 0.03

C 218 4 5 387 50 31 8 8 110 240 36 27 43 11302 4516 303 1929 1 138 8 392 199 75 974 92 1 53 756 31 155 397 28 0 23 10 167 3 177 73 459 0 228 1351 591 81 3 1 226 58 301 40 376 55 12 1228 0 411 73 6 266 70 109 3815 145 2290 792 69 672 19 44 1884 6291 26 2 3404 50 1039 73 86 5 55 44 0 128 970 141 45 95 172 12 4029 155 61 33 0 66 53 19727 2095 89 51 115 555 21 26 620 27 505 100 275 40461 1 193 2945 3 170 58 606 227 1290

0.16 0.11 0.04 0.04 0.00 5.73 7.88 0.38 0.58 0.63 0.49 0.37 0.52 10.52 13.77 0.04 0.05 0.09 0.13 0.00 0.09 0.07 0.03 0.27 0.21 0.00 0.00 0.06 0.04 0.00 0.04 0.20 0.00 0.77 0.19 0.25 0.04 0.05 0.04 0.06 0.00 0.04 0.02 0.03 0.00 0.00 0.04 0.00 0.05 0.00 3.09 4.00 0.03 0.02 0.51 0.00 0.04 0.03 0.20 0.30 0.04 0.00 0.04 0.05 0.15 0.03 0.09 0.03 0.00 0.09 0.04 0.06 1.78 0.14 9.21 0.02 0.04 0.00 0.06 0.18 0.06 0.01 0.00 0.12 0.39 0.30 0.10 0.13 0.13 0.00 2.42 1.90 3.25 0.15 0.00 1.22 1.62 123.07 0.20 0.15 0.00 0.02 1.44 0.02 0.01 0.12 0.02 0.03 0.04 0.07 10.09 0.00 0.09 0.03 0.03 0.07 0.00 0.34 0.25 4.05

0.18 + 0.11 unch 0.04 unch 0.05 unch 0.02 unch 5.91 7.90 unch 0.45 + 0.58 unch 0.63 0.49 0.40 + 0.52 11.10 + 14.46 + 0.04 0.05 0.09 0.16 + 0.02 unch 0.09 0.07 + 0.03 unch 0.29 + 0.22 0.01 unch 0.03 unch 0.06 0.04 0.06 0.04 0.20 0.18 unch 0.85 + 0.19 0.25 0.04 + 0.06 unch 0.05 + 0.07 0.23 unch 0.05 + 0.03 unch 0.03 0.08 + 0.07 unch 0.04 + 0.03 unch 0.05 0.02 unch 3.46 4.65 0.04 unch 0.03 + 0.54 0.09 unch 0.04 0.03 + 0.20 unch 0.31 + 0.04 unch 0.02 unch 0.05 + 0.05 0.16 0.04 + 0.09 0.03 + 0.02 + 0.11 0.04 0.06 1.86 + 0.15 + 9.75 + 0.02 unch 0.04 unch 0.10 + 0.09 0.18 unch 0.06 unch 0.01 unch 0.29 unch 0.12 0.39 0.30 0.10 + 0.14 + 0.13 0.14 unch 2.56 1.99 3.35 0.16 + 0.11 unch 1.35 + 1.75 + 125.98 + 0.23 + 0.17 + 0.05 + 0.02 unch 1.55 unch 0.02 unch 0.01 unch 0.13 0.02 + 0.03 unch 0.04 unch 0.07 + 10.51 0.08 unch 0.11 0.03 0.03 unch 0.07 + 0.05 unch 0.34 unch 0.26 unch 4.15 +

0.01 0.00 0.00 0.00 0.00 0.09 0.00 0.06 0.00 0.04 0.04 0.05 0.13 0.29 0.31 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.02 0.01 0.00 0.00 0.02 0.01 0.01 0.01 0.01 0.00 0.06 0.04 0.04 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.97 0.97 0.00 0.02 0.04 0.00 0.01 0.01 0.00 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.08 0.02 0.03 0.05 0.04 0.45 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.02 0.03 0.01 0.00 0.03 0.02 0.00 0.14 0.08 0.16 0.01 0.00 0.05 0.05 2.44 0.02 0.01 0.03 0.00 0.00 0.00 0.00 0.03 0.01 0.00 0.00 0.01 0.35 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.05

0.33 0.25 0.05 0.07 0.04 9.48 12.26 0.55 0.75 0.79 0.59 0.46 2.30 13.04 17.12 0.31 0.32 0.15 0.20 0.08 0.18 0.13 0.10 0.90 0.79 0.08 0.10 0.11 0.08 0.20 0.11 0.45 0.34 3.98 0.29 0.40 0.10 0.07 0.05 0.13 0.69 0.10 0.03 0.04 0.10 0.16 0.09 0.04 0.30 0.04 4.46 5.99 0.18 0.15 0.99 0.12 0.15 0.11 0.36 0.48 0.05 0.03 0.17 0.13 0.19 0.08 0.24 0.05 0.02 0.39 0.30 0.34 2.34 1.00 9.91 0.05 0.20 0.27 0.20 0.22 0.11 0.02 0.42 0.20 0.63 0.48 0.12 0.16 0.25 0.17 3.15 2.36 4.80 0.19 0.14 1.98 2.65 128.55 0.27 0.19 0.34 0.11 2.35 0.03 0.02 0.20 0.04 0.05 0.08 0.11 13.10 0.90 0.20 3.39 0.06 0.11 0.08 2.02 1.58 8.24

0.10 0.10 0.01 0.03 0.01 5.01 6.63 0.03 0.30 0.37 0.13 0.03 0.45 9.39 12.31 0.03 0.05 0.07 0.09 0.00 0.08 0.00 0.02 0.27 0.01 0.01 0.02 0.04 0.02 0.06 0.04 0.14 0.15 0.75 0.16 0.21 0.02 0.03 0.02 0.05 0.15 0.05 0.01 0.02 0.03 0.06 0.03 0.02 0.04 0.01 0.13 0.18 0.03 0.02 0.48 0.06 0.04 0.02 0.20 0.29 0.02 0.02 0.03 0.05 0.11 0.03 0.09 0.02 0.01 0.08 0.05 0.06 1.39 0.09 4.76 0.02 0.03 0.05 0.00 0.11 0.06 0.01 0.26 0.12 0.25 0.19 0.08 0.10 0.10 0.11 0.89 0.70 1.60 0.13 0.10 1.03 1.41 100.22 0.04 0.03 0.04 0.01 1.41 0.01 0.01 0.10 0.01 0.02 0.04 0.06 7.40 0.05 0.04 0.03 0.01 0.04 0.03 0.27 0.20 3.27

(100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

Cobalt Block V Cobalt Block* O N Coeur Mng* O Colibri Res* V Colibri Res Colombia Crest V Colombia Crest* O Colonial Coal V Colorado Res V Colorado Res* O Columbus Gold T Columbus Gold* O V Comet Inds Commander ResV Commander Res*O Commerce Res V Commerce Res* O Compass Gold* O Compass Gold V Comstock Mng* X Comstock Mtls V Comstock Mtls *O Condor Gold* O Condor Gold T V Condor Res Condor Res* O Confedertn Ml* O Confedertn Mls V Conquest Res V Conquest Res * O Cons Woodjam V CONSOL Coal Rs*N CONSOL Energy*N CONSOL Energy*N Constantine Mt* O Constantine Mt V Contact Gold* O Contact Gold V Contact Mnrls* O Contintl Gold* O Contintl Gold T Copper Fox Mtl* O Copper Fox Mtl V Copper Lake Rs V Copper Mtn MngT Copper Mtn Mng*O Copper North M*O Copper North M V Copper Reef Mg Copperbank Res Copperbank Res*O Coral Gold * O V Coral Gold Cordoba Mnls V Cordoba Mnls* O V Core Gold O Core Gold* Core Lithium* O Cornerstone Ca V Cornerstone Ca*O Coro Mining T Corsa Coal * O V Corsa Coal Corvus Gold* O Corvus Gold T V CR Capital Crest Resource Cresval Cap V Critical Elem* O Critical Elem V V CROPS Crown Mining V Cruz Cobalt* O V Cruz Cobalt Crystal Lake V Crystal Lake* O Crystal Peak* O Crystal Peak V CTGX Mining* O Currie Rose Rs V CWN M’g Acq V Cyntar Venture Cypress Dev* O Cypress Dev V

182 13 23574 8 145 7 5 393 348 57 575 354 1 57 5 1201 5 43 202 3687 52 114 0 1 215 117 1 104 123 1 115 71 1140 15913 97 53 80 148 39 347 1833 77 219 1 991 123 2 100 60 630 171 48 39 348 131 548 51 32 632 96 1394 4 29 41 281 118 150 100 50 761 1035 161 134 149 288 7 29 251 0 36 24 25 405 479

0.09 0.07 0.07 0.07 0.05 0.06 + 4.66 4.14 4.63 + 0.03 0.03 0.03 unch 0.06 0.05 0.05 + 0.23 0.22 0.22 0.17 0.00 0.17 unch 0.41 0.39 0.39 0.10 0.08 0.09 + 0.07 0.06 0.07 + 0.20 0.17 0.18 0.15 0.13 0.14 3.15 3.15 3.15 unch 0.08 0.00 0.08 unch 0.06 0.06 0.06 unch 0.07 0.06 0.07 0.06 0.05 0.05 0.22 0.22 0.22 0.32 0.28 0.32 + 0.18 0.17 0.17 0.03 0.00 0.03 unch 0.02 0.02 0.02 unch 0.00 0.00 0.29 unch 0.00 0.00 0.35 unch 0.06 0.05 0.06 + 0.04 0.04 0.04 unch 0.22 0.16 0.22 + 0.26 0.23 0.26 + 0.02 0.01 0.01 0.00 0.00 0.00 unch 0.05 0.05 0.05 unch 16.68 15.85 16.25 + 26.40 25.06 25.31 7.46 6.95 7.40 + 0.49 0.45 0.48 + 0.64 0.60 0.64 + 0.18 0.14 0.15 0.21 0.19 0.20 0.19 0.14 0.19 unch 3.15 2.90 3.05 4.13 3.76 3.98 0.07 0.06 0.06 0.09 0.08 0.09 0.00 0.00 0.02 unch 0.86 0.78 0.79 0.66 0.60 0.61 0.03 0.00 0.03 + 0.04 0.04 0.04 unch 0.02 0.02 0.02 unch 0.05 0.04 0.05 + 0.04 0.03 0.04 + 0.29 0.28 0.29 + 0.38 0.36 0.38 + 0.10 0.09 0.09 0.08 0.06 0.07 + 0.23 0.18 0.21 unch 0.15 0.14 0.15 + 0.11 0.10 0.10 unch 0.22 0.20 0.21 0.16 0.15 0.15 0.11 0.10 0.10 unch 0.56 0.51 0.56 + 0.67 0.65 0.65 1.79 1.61 1.65 + 2.30 2.09 2.14 0.06 0.04 0.06 unch 0.08 0.08 0.08 unch 0.03 0.03 0.03 unch 0.33 0.29 0.30 0.44 0.37 0.38 0.03 0.02 0.02 unch 0.07 0.05 0.06 0.03 0.03 0.03 0.05 0.04 0.04 unch 0.30 0.27 0.27 0.23 0.21 0.21 0.12 0.00 0.11 0.15 0.14 0.14 0.00 0.00 0.11 unch 0.06 0.06 0.06 unch 0.07 0.07 0.07 unch 0.10 0.07 0.10 + 0.17 0.14 0.15 + 0.22 0.18 0.20 +

V Dajin Res O Dajin Res* Dakota Ter Res* O Damara Gold V O Danakali* Debut Dmds Decade Res V Deep-South Res V DeepRock Min Defense Metals V Defense Metals* O Defiance Silvr* O Defiance Silvr V Delrand Res V Delrey Metals * O Delrey Metals Denison Mines T Denison Mines* X Desert Gold* O V Desert Gold Desert Lion* O V Desert Lion Desert Mtn Egy V Detour Gold T Diamante Min* O Diamcor Mng V Diamcor Mng* O Diamond Disc* O Diamond Fields V Diamond Fields* O V Dios Expl Discovery Met V Discovery Met* O Discovery Min* O Discovery-Corp V V District Cop Ditem Explor* O O DNI Metals* Dolat Ventures* O Dolly Vard Sil* O Dolly Vard Sil V Doubleview Cap*O Doubleview Cap V N DRDGOLD* Dundee Prec Mt T Dunnedin Vent* O Durango Res V Durango Res* O DV Resources V Dynacor Gld Mn T Dynacor Gld Mn*O DynaResource* O Dynasty Gold V O E3 Metals* V E3 Metals Eagle Graphite V Eagle Graphite* O Eagle Plains V V East Africa East Africa * O East Asia Mnls* O East Asia Mnls V EastCoal Inc V Eastern Platin T Eastern Platin* O Eastern Zinc Eastfield Res V Eastmain Res* O Eastmain Res T Eco Oro Mnls Eco Oro Mnls* O eCobalt Solns T eCobalt Solns* O Edgewater Expl*O Edgewater Expl V Edison Cobalt* O Edison Cobalt V

162 143 127 32 131 78 636 2865 131 161 12 215 354 214 118 306 1761 2758 111 423 0 97 22 4019 17 145 65 8 298 0 536 137 13 38578 15 289 740 102 45 62 131 6 229 479 2010 200 151 300 133 160 36 5 58 26 165 22 1 252 286 8 23 813 0 119 85 76 217 204 1511 39 45 1791 362 13 93 0 23

0.05 0.04 0.04 0.04 0.03 0.03 0.05 0.00 0.05 + 0.04 0.00 0.03 0.50 0.47 0.47 0.01 0.01 0.01 unch 0.03 0.02 0.03 unch 0.10 0.00 0.10 + 0.05 0.04 0.05 + 0.17 0.15 0.15 0.14 0.12 0.14 0.21 0.18 0.19 0.25 0.24 0.25 unch 0.61 0.50 0.50 0.08 0.06 0.07 0.10 0.09 0.09 0.72 0.67 0.71 + 0.55 0.51 0.54 + 0.14 0.13 0.14 + 0.20 0.15 0.19 + 0.00 0.00 0.50 unch 0.11 0.10 0.10 0.20 0.20 0.20 17.82 16.20 17.69 + 0.04 0.04 0.04 + 0.15 0.12 0.12 0.12 0.09 0.09 0.00 0.00 0.00 + 0.20 0.17 0.18 0.00 0.00 0.00 unch 0.05 0.00 0.04 0.25 0.23 0.23 0.20 0.19 0.20 + 0.00 0.00 0.00 + 0.01 0.01 0.01 0.02 0.02 0.02 0.00 0.00 0.00 unch 0.08 0.04 0.08 + 0.31 0.19 0.19 0.18 0.17 0.18 0.25 0.22 0.24 0.08 0.08 0.08 unch 0.12 0.10 0.11 + 3.07 2.69 2.88 4.86 4.23 4.37 0.00 0.00 0.06 unch 0.08 0.07 0.07 0.06 0.06 0.06 unch 0.06 0.06 0.06 + 1.85 1.77 1.79 + 1.42 1.35 1.39 + 1.00 0.36 1.00 + 0.08 0.07 0.07 0.37 0.32 0.37 + 0.50 0.42 0.47 + 0.06 0.06 0.06 unch 0.06 0.06 0.06 unch 0.09 0.08 0.09 unch 0.25 0.00 0.22 0.17 0.17 0.17 + 0.05 0.04 0.05 + 0.08 0.06 0.07 unch 0.00 0.00 0.06 unch 0.26 0.20 0.20 0.20 0.16 0.16 0.08 0.07 0.07 unch 0.05 0.05 0.05 unch 0.13 0.12 0.13 + 0.18 0.15 0.16 0.11 0.10 0.10 unch 0.09 0.08 0.09 + 0.23 0.21 0.21 0.18 0.16 0.16 0.06 0.06 0.06 unch 0.10 0.08 0.09 unch 0.00 0.00 0.03 unch 0.06 0.00 0.05 -

High Low

0.02 0.22 0.05 0.01 0.17 0.04 0.36 8.36 2.78 0.00 0.05 0.01 0.01 0.08 0.03 0.05 0.30 0.11 0.00 0.21 0.03 0.02 0.65 0.21 0.01 0.16 0.05 0.01 0.11 0.03 0.02 0.31 0.16 0.01 0.24 0.11 0.00 3.60 2.60 0.00 0.17 0.07 0.00 0.12 0.05 0.01 0.09 0.05 0.00 0.07 0.04 0.01 0.40 0.18 0.04 0.71 0.11 0.01 0.33 0.12 0.00 0.06 0.03 0.00 0.05 0.01 0.00 0.50 0.25 0.00 0.86 0.33 0.01 0.09 0.04 0.00 0.07 0.03 0.05 0.25 0.09 0.02 0.40 0.12 0.01 0.04 0.01 0.00 0.02 0.00 0.00 0.09 0.03 0.25 21.13 14.58 0.63 47.49 24.78 0.04 17.41 6.78 0.02 0.60 0.28 0.03 0.74 0.39 0.03 0.38 0.14 0.01 0.50 0.18 0.00 0.40 0.02 0.05 3.15 1.33 0.05 4.13 1.76 0.02 0.10 0.06 0.01 0.13 0.08 0.00 0.04 0.01 0.07 1.23 0.65 0.05 0.95 0.48 0.01 0.05 0.02 0.00 0.07 0.03 0.00 0.03 0.02 0.01 0.08 0.04 0.01 0.06 0.02 0.01 0.34 0.24 0.02 0.44 0.32 0.01 0.17 0.08 0.00 0.14 0.06 0.00 0.34 0.16 0.00 0.26 0.13 0.00 0.55 0.10 0.02 0.40 0.14 0.02 0.29 0.03 0.00 0.12 0.05 0.05 1.10 0.37 0.02 1.45 0.61 0.01 2.72 1.13 0.01 3.39 1.55 0.00 0.08 0.02 0.00 0.16 0.08 0.00 0.05 0.02 0.03 0.80 0.29 0.04 1.05 0.37 0.00 0.05 0.02 0.01 0.17 0.05 0.00 0.10 0.02 0.00 0.13 0.04 0.01 0.72 0.24 0.01 0.54 0.18 0.01 0.34 0.09 0.01 0.44 0.12 0.00 0.12 0.10 0.00 0.12 0.05 0.00 0.11 0.03 0.03 0.15 0.07 0.01 0.32 0.12 0.02 0.42 0.17

D-F 0.01 0.12 0.04 0.00 0.09 0.03 0.00 0.19 0.02 0.02 0.06 0.03 0.04 0.69 0.47 0.00 0.02 0.01 0.00 0.09 0.02 0.01 0.18 0.06 0.01 0.10 0.03 0.02 0.25 0.12 0.00 0.25 0.09 0.00 0.25 0.12 0.00 0.32 0.16 0.10 0.71 0.25 0.02 0.30 0.06 0.01 0.50 0.09 0.03 0.89 0.59 0.02 0.69 0.44 0.01 0.21 0.12 0.04 0.26 0.14 0.00 0.50 0.05 0.01 0.88 0.04 0.01 0.27 0.13 0.91 17.59 9.38 0.00 0.24 0.01 0.03 0.50 0.09 0.02 0.30 0.07 0.00 0.00 0.00 0.01 0.20 0.07 0.00 0.12 0.00 0.01 0.08 0.04 0.01 0.41 0.17 0.00 0.28 0.14 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.13 0.02 0.00 0.00 0.00 0.00 0.09 0.03 0.08 1.80 0.10 0.02 0.42 0.14 0.01 0.56 0.19 0.00 0.13 0.07 0.01 0.18 0.08 0.04 3.07 1.64 0.35 4.98 2.56 0.00 0.16 0.05 0.01 0.10 0.04 0.00 0.07 0.04 0.01 0.21 0.04 0.03 1.85 1.41 0.00 1.44 1.02 0.05 1.25 0.36 0.01 0.24 0.07 0.05 0.38 0.22 0.03 0.50 0.23 0.00 0.21 0.03 0.00 0.13 0.04 0.00 0.14 0.08 0.02 0.29 0.14 0.00 0.19 0.10 0.01 0.08 0.03 0.00 0.10 0.04 0.00 0.30 0.05 0.07 0.34 0.17 0.04 0.26 0.12 0.00 0.56 0.07 0.00 0.07 0.03 0.00 0.20 0.07 0.01 0.27 0.10 0.00 0.27 0.10 0.02 0.77 0.00 0.02 1.02 0.21 0.01 0.77 0.16 0.00 0.12 0.06 0.00 0.16 0.06 0.00 0.12 0.03 0.01 0.18 0.04

2019-07-16 11:26 AM

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

THE NORTHERN MINER / JULY 22â&#x20AC;&#x201C;AUGUST 4, 2019

Week High

El Capitan Prc* O El Nino Vent V Elcora Adv Mat V Elcora Res* O Eldorado Gold* N Eldorado Gold T Eloro Res V Ely Gold Royal V Ely Gold Royal* O Elysee Dev * O Elysee Dev V Emerita Res V Emgold Mining* O Emgold Mining V Empire Metals V Empress Res V EMX Royalty V EMX Royalty* X Encanto Potash*O Encanto Potash V EnCore Energy V Endeavour Mng T Endeavour Mng*O Endeavr Silver* N Endeavr Silver T Energy Fuels T Energy Fuels* X Enforcer Gold V Engineer Gold V Engold Mines V Engold Mines* O Ensurge* O Entree Res* X Entree Res T ePower Metals* O Equinox Gold V Equitorial Ex* O Equitorial Ex V Erdene Res Dev T Erdene Res Dev*O Erin Ventures* O Erin Ventures V Ero Copper T Ero Copper* O Eros Res Corp V Eros Res Corp V Eros Res Corp* O Eskay Mng V Essex Minerals V Ethos Gold* O Ethos Gold V Etruscus Res Euro ManganeseV Euro Sun Mg T Euro Sun Mg* O EurOmax Res T European Elect* O European Elect V European Metal*O Everton Res V Everton Res* O EVI Global Grp Evolving Gold* O Evrim Res V Excellon Res* O Excellon Res T Excelsior Mng* O Excelsior Mng T ExGen Res Inc V Explor Res* O Explor Res V Explorex Res* O Explorex Res Falco Res * O Falco Res V Falcon Gold V Fancamp Expl V Far Res Far Res* O Fidelity Min* O Fidelity Min V Filo Mg Corp V Filo Mg Corp * O Finlay Minrls V Fiore Gold* O Fiore Gold V Fire River Gol* O FireFox Gold V Firestone Vent V Fireweed Zinc V Fireweed Zinc* O Firma Holdings* O First Cobalt * O First Cobalt V First Colombia* O First Energy First Energy* O First Majestic* N First Majestic T First Mg Fin * O First Mg Fin T First Point* O First Quantum T First Vanadium V First Vanadium* O Fission 3.0 V Fission 3.0* O Fission Uran* O Fission Uran T Fjordland Exp* O Fjordland Exp V Focus Graphite* O Focus Graphite V Focus Minerals* O Foran Mng V Forsys Metals T Fort St J Nick V Fortescue Met* O Fortuna Silvr T Fortuna Silvr* N Fortune Bay* O Fortune Bay V Fortune Mnrls* O Fortune Mnrls T Forum Energy V Forum Energy* O Four Nines Fox River Res Fox River Res* O FPX Nickel V Franco-Nevada* N Franco-Nevada T Franklin Mng* O Freedom Egy V Freegold Vent T Freeport McMoR*N Freeport Res V Fremont Gold V Fremont Gold* O Fresnillo plc* O Frontier Lith V Frontline Gold V Full Metal Mnl* O Fura Gems V Fura Gems* O

310 200 242 62 20091 6779 31 245 309 15 61 491 6 238 6 329 44 258 6 85 2897 1138 15 8698 1795 5338 25475 274 119 150 270 70 551 630 6 3037 25 886 504 71 300 186 773 59 0 0 1 104 198 242 791 8 779 857 253 181 190 109 3000 175 30 849 0 251 203 328 142 158 234 90 187 8 42 27 426 909 382 766 48 16 506 207 3 53 388 435 29 776 120 82 10 119 260 1201 1340 13 3 16340 3455 2989 6141 1 12692 217 142 984 220 1065 1246 102 71 1370 2676 11 26 70 305 56 2444 7119 0 1 263 521 248 551 100 102 1 130 2060 2170 20 19 106 87171 399 358 220 16 140 77 0 205 58

0.04 0.03 0.09 0.07 7.04 9.16 0.24 0.22 0.17 0.29 0.37 0.09 0.10 0.13 0.14 0.05 1.65 1.27 0.07 0.11 0.17 23.34 17.75 2.02 2.63 4.25 3.25 0.04 0.11 0.10 0.08 0.03 0.33 0.43 0.13 1.22 0.02 0.06 0.21 0.16 0.03 0.05 23.88 18.00 0.00 0.00 0.05 0.09 0.06 0.23 0.30 0.39 0.20 0.50 0.38 0.07 0.03 0.04 0.00 0.03 0.03 1.12 0.00 0.31 0.84 1.10 0.74 0.94 0.02 0.03 0.03 0.19 0.25 0.20 0.28 0.04 0.09 0.07 0.05 0.00 0.05 2.80 2.04 0.03 0.38 0.50 0.02 0.23 0.06 0.59 0.45 0.02 0.13 0.16 0.00 0.13 0.11 8.25 10.78 0.21 0.28 0.10 11.76 0.44 0.35 0.10 0.08 0.39 0.50 0.05 0.08 0.03 0.03 0.15 0.28 0.19 0.15 6.27 3.84 2.94 0.26 0.00 0.08 0.11 0.07 0.06 0.16 0.07 0.04 0.13 86.95 113.63 0.00 0.02 0.07 11.45 0.09 0.08 0.05 11.10 0.32 0.01 0.00 0.20 0.14

G2 Goldfields* O G2 Goldfields V Gabriel Res* O Gabriel Res V Gainey Capital V Galane Gold * O Galane Gold V Galantas Gold V Galantas Gold* O Galore Res V Galway Gold * O Galway Gold V Galway Mtls* O Galway Mtls V GAR Limited Garibaldi Res V Garibaldi Res * O Gatling Explor V Gatling Explor* O General Moly T General Moly* X Generation Min Generation Min* O

1 137 33 109 111 4 244 80 95 785 5 24 28 52 166 692 211 399 70 23 1191 227 77

0.20 0.25 0.34 0.45 0.10 0.04 0.05 0.07 0.06 0.04 0.09 0.12 0.27 0.35 0.04 1.52 1.17 0.43 0.33 0.51 0.40 0.31 0.22

Low

Last

0.03 0.03 0.00 0.03 unch 0.07 0.09 + 0.05 0.07 + 6.04 6.99 + 7.90 9.12 + 0.21 0.23 0.20 0.21 + 0.15 0.16 + 0.00 0.26 0.33 0.37 + 0.00 0.08 unch 0.00 0.07 0.10 0.10 0.14 0.14 unch 0.04 0.05 1.58 1.65 + 1.22 1.26 + 0.07 0.07 0.10 0.11 unch 0.11 0.12 21.46 22.95 + 16.37 17.59 + 1.70 1.75 2.21 2.30 2.47 2.51 1.90 1.93 0.00 0.04 + 0.00 0.10 0.09 0.09 0.07 0.08 + 0.02 0.03 0.29 0.30 0.38 0.39 0.00 0.13 + 1.16 1.17 unch 0.02 0.02 unch 0.04 0.06 + 0.17 0.19 0.13 0.14 0.03 0.03 unch 0.04 0.05 + 21.98 23.56 + 0.00 17.99 + 0.00 0.07 unch 0.00 0.07 unch 0.05 0.05 unch 0.08 0.08 + 0.05 0.06 unch 0.20 0.20 0.26 0.26 0.38 0.38 + 0.18 0.19 unch 0.43 0.43 0.32 0.33 0.06 0.06 0.02 0.03 0.00 0.03 0.00 0.00 unch 0.03 0.03 unch 0.03 0.03 unch 0.97 0.97 0.00 0.05 unch 0.29 0.29 0.75 0.77 0.97 1.01 0.69 0.71 + 0.92 0.92 0.01 0.01 0.01 0.02 + 0.00 0.02 0.16 0.16 unch 0.00 0.23 0.18 0.19 0.25 0.27 + 0.03 0.03 unch 0.08 0.08 0.05 0.06 0.04 0.05 0.00 0.04 unch 0.05 0.05 unch 2.65 2.80 + 0.00 2.04 0.03 0.03 unch 0.35 0.36 + 0.46 0.47 unch 0.00 0.02 + 0.10 0.15 + 0.05 0.06 unch 0.00 0.59 + 0.42 0.45 + 0.01 0.02 + 0.11 0.11 0.15 0.15 0.00 0.00 unch 0.00 0.10 0.07 0.07 7.69 7.80 + 10.07 10.17 0.17 0.20 + 0.22 0.25 + 0.10 0.10 unch 10.39 11.43 0.38 0.39 0.30 0.30 0.09 0.10 unch 0.07 0.08 + 0.36 0.38 + 0.48 0.49 + 0.00 0.05 + 0.06 0.08 + 0.02 0.02 0.02 0.03 unch 0.15 0.15 unch 0.27 0.28 0.17 0.17 unch 0.14 0.15 unch 0.00 6.15 + 3.54 3.63 2.72 2.80 0.00 0.26 + 0.00 0.39 unch 0.07 0.08 + 0.10 0.10 0.06 0.06 0.05 0.05 0.15 0.15 unch 0.07 0.07 0.04 0.04 unch 0.12 0.13 unch 83.43 85.79 + 109.13 111.79 + 0.00 0.00 + 0.01 0.01 unch 0.07 0.07 + 10.60 11.02 0.06 0.09 unch 0.06 0.07 unch 0.05 0.05 unch 0.00 11.10 + 0.30 0.30 0.01 0.01 0.00 0.00 unch 0.16 0.18 + 0.13 0.13 -

High Low

0.00 0.00 0.01 0.01 0.73 0.92 0.02 0.01 0.01 0.01 0.02 0.00 0.03 0.03 0.00 0.01 0.03 0.03 0.00 0.00 0.03 1.46 1.11 0.25 0.31 1.45 1.11 0.01 0.02 0.01 0.00 0.00 0.03 0.03 0.07 0.00 0.00 0.02 0.01 0.01 0.00 0.01 1.36 1.02 0.00 0.00 0.00 0.01 0.00 0.02 0.03 0.01 0.00 0.05 0.02 0.01 0.00 0.01 0.00 0.00 0.00 0.16 0.00 0.02 0.03 0.04 0.00 0.01 0.01 0.00 0.01 0.00 0.02 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.05 0.08 0.00 0.00 0.00 0.00 0.06 0.00 0.02 0.02 0.00 0.00 0.01 0.00 0.03 0.03 0.02 0.01 0.02 0.02 0.00 0.34 0.04 0.03 0.00 0.00 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.10 0.09 0.05 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 2.13 2.45 0.00 0.00 0.01 0.27 0.00 0.00 0.00 0.30 0.02 0.01 0.00 0.02 0.01

0.04 0.05 0.23 0.18 7.04 9.04 0.64 0.22 0.17 0.33 0.42 0.28 0.15 0.22 0.23 0.14 1.80 1.47 0.22 0.30 0.21 24.45 18.62 3.00 4.02 5.38 4.09 0.18 0.13 0.20 0.13 0.07 0.48 0.61 0.23 1.45 0.05 0.07 0.44 0.33 0.12 0.22 23.88 18.00 0.11 0.11 0.09 0.38 0.12 0.25 0.34 0.50 0.44 1.25 1.00 0.21 0.27 0.35 0.00 0.04 0.03 1.64 0.06 1.63 1.15 1.39 0.90 1.15 0.03 0.04 0.04 0.27 0.45 0.45 0.54 0.06 0.11 0.21 0.88 0.06 0.10 3.01 2.12 0.05 0.39 0.50 2.41 0.39 0.10 1.39 1.05 0.06 0.38 0.50 0.00 0.20 0.18 8.25 10.78 0.35 0.45 0.12 20.63 1.96 1.60 0.30 0.22 0.58 0.75 0.24 0.30 0.04 0.06 0.15 0.45 0.32 0.42 6.63 7.39 5.67 0.31 0.41 0.13 0.17 0.08 0.06 0.40 0.10 0.06 0.18 86.95 114.36 0.00 0.09 0.13 17.20 0.11 0.19 0.18 14.80 0.48 0.02 0.00 0.50 0.38

0.00 0.03 0.06 0.05 2.52 3.36 0.15 0.09 0.07 0.23 0.31 0.08 0.03 0.05 0.11 0.03 1.30 1.01 0.07 0.09 0.05 16.34 12.38 1.68 2.27 2.89 1.90 0.03 0.05 0.08 0.06 0.02 0.28 0.38 0.04 0.85 0.02 0.02 0.17 0.13 0.03 0.04 7.62 5.84 0.07 0.07 0.05 0.07 0.03 0.09 0.12 0.24 0.15 0.23 0.17 0.02 0.02 0.03 0.00 0.02 0.01 0.16 0.00 0.27 0.44 0.59 0.53 0.71 0.01 0.01 0.02 0.16 0.18 0.10 0.21 0.02 0.04 0.05 0.04 0.03 0.03 2.00 1.55 0.02 0.16 0.21 0.00 0.09 0.04 0.55 0.41 0.01 0.10 0.14 0.00 0.07 0.07 4.59 6.12 0.16 0.21 0.06 9.45 0.36 0.26 0.08 0.06 0.33 0.45 0.03 0.05 0.01 0.02 0.15 0.23 0.16 0.12 2.53 3.22 2.39 0.10 0.19 0.05 0.07 0.03 0.02 0.10 0.06 0.04 0.08 58.26 76.53 0.00 0.01 0.05 9.47 0.06 0.06 0.05 9.23 0.27 0.01 0.00 0.14 0.11

0.03 0.03 0.03 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.18 0.12 0.04 0.02 0.06 0.02 0.07 0.02

0.22 0.43 0.35 0.49 0.16 0.05 0.07 0.15 0.10 0.05 0.12 0.19 0.30 0.44 0.22 3.14 2.39 0.58 0.34 0.63 0.46 0.36 0.28

0.05 0.13 0.20 0.29 0.04 0.03 0.04 0.06 0.04 0.01 0.00 0.10 0.10 0.13 0.03 0.69 0.51 0.13 0.21 0.22 0.16 0.10 0.03

G-H

20-22_JULY22_StockTables.indd 21

0.17 0.00 0.29 0.40 0.09 0.04 0.05 0.07 0.05 0.03 0.00 0.00 0.00 0.33 0.04 1.20 0.93 0.38 0.30 0.47 0.35 0.27 0.21

(100s)

12-month Change

0.17 0.22 0.33 + 0.42 + 0.09 unch 0.04 0.05 unch 0.07 + 0.06 + 0.03 0.09 + 0.12 unch 0.26 + 0.33 unch 0.04 1.48 + 1.13 + 0.42 + 0.32 + 0.50 + 0.36 + 0.29 0.21 -

Stock

Exc Volume

Genesis Mtls* O 176 Genesis Mtls V 1615 Genius Metals 71 Gensource Pot V 385 Gentor Res V 0 Geomega Res V 218 Geomega Res* O 52 Gespeg Res V 201 Getchell Gold * O 50 Getchell Gold 60 Getty Copper V 780 GFG Resources V 1151 GFG Resources*O 356 GGL Res* O 1 GGL Res V 5 GGX Gold V 168 GGX Gold* O 20 Giga Metals V 89 Giga Metals* O 41 Gitennes Expl V 539 Giyani Gold V 605 Giyani Gold* O 418 GK Resources V 221 Glacier Lake V 6 Gldn Predator* O 322 Gldn Predator V 1514 Glen Eagle Res V 231 Glencore Plc* O 778 Global Atomic T 958 Global Atomic* O 811 Global Battery* O 20 Global Battery V 71 Global Energy* O 2 Global Energy V 281 Global Gold* O 0 Global Li-Ion* O 26 Global Li-Ion 233 GlobalMin Vent* O 1 Globex Mng* O 36 Globex Mng T 129 GMV Minerals V 70 GMV Minerals* O 31 GNCC Capital* O1268635 Go Cobalt 238 Go Cobalt* O 2 GobiMin V 23 Godâ&#x20AC;&#x2122;s Lake Res 5 GoGold Res T 305 Gold Dynamics* O 44 Gold Fields* O 3 Gold Fields* N 33589 Gold Finder Ex V 510 Gold Finder Ex* O 400 Gold Lakes* O 12 Gold Reserve* O 101 Gold Reserve V 35 Gold Resource* X 2588 Gold Rush Cari V 4177 Gold Std Vents T 1929 Gold Std Vents* X 1298 Goldbank Mng* O 0 Goldcliff Res* O 9 Goldcliff Res V 109 Golden Arrow V 683 Golden Arrow* O 290 Golden Band* O 80 Golden Cariboo V 0 Golden Dawn MlV 17 Golden Dawn Ml*O 10 Golden Goliath V 365 Golden Goliath* O 50 Golden Harp V 6 Golden Hope V 231 Golden Hope* O 68 Golden Lake 1050 Golden Mnls T 184 Golden Mnls* X 740 Golden Pursuit V 78 Golden Queen T 2579 Golden Queen* O 4406 Golden Ridge V 3020 Golden Secret V 112 Golden Share V 76 Golden Star* O 3 Golden Star T 338 Golden Star* X 1345 Golden Sun* O 656 Golden Tag V 107 Golden Valley* O 244 117 Golden Valley V Goldex Res V 72 Goldgroup Mng*O 109 Goldgroup Mng T 222 GoldMining T 603 GoldMining* O 453 GoldON Res V 156 GoldON Res* O 39 Goldplay Expl V 273 Goldplay Expl* O 51 GoldQuest Mng V 871 Goldrea Res 304 Goldrea Res* O 402 Goldrich Mng* O 33 Goldsource Min*O 267 Goldsource Min V 1352 Goldstar Mnls V 91 Goldstrike Res V 447 GoldTrain Res 248 Goliath Res V 1918 Goliath Res* O 25 Gossan Res V 40 GoviEx Uranium*O 1404 GoviEx Uranium V 1888 Gowest Gold* O 13 Gowest Gold V 33 GPM Metals* O 9 GPM Metals V 234 Gran Colombia* O 93 Gran Colombia T 640 Granada Gold V 608 Granada Gold* O 3 Grande Portage*O 16 Grande Portage V 9 Granite Creek V 535 Graphite Egy* O 2 Graphite Egy 0 Graphite One* O 44 Graphite One V 89 Gratomic V 1125 Gratomic* O 1 Gray Rock Res V 195 Great Atlantic V 216 Great Bear Res V 1349 Great Bear Res* O 203 Great Lakes Gr* O 40 Great Panther* X 4480 Great Panther T 1607 Great Thunder V 1160 Greatbanks Re V 54 Green River 225 Green Swan CapV 465 Green Valley M V 24 Greencastle Rs V 132 Greenland M&En*O 1949 Greenshield Ex V 1 Grenville Gold 0 Grid Metals V 202 Grid Metals* O 44 Grizzly Discvr* O 73 Grizzly Discvr V 74 Grosvenor Res V 6 Group Eleven V 246 Group Ten Mtls* O 1048 Group Ten Mtls V 1625 GrowMax Res* O 25 GrowMax Res V 1783 GSP Resource V 22 GT Gold V 477 GT Gold * O 55 Gungnir Res* O 28 Gungnir Res V 213 Gunpoint Expl V 13 Guyana Gldflds T 5220 Guyana Goldstr V 465 Guyana Goldstr*O 132 Handa Mining V 18 Handeni Gold* O 6 Hannan Metals V 78 Hannan Metals* O 33 Happy Ck Mnrls V 30 Harfang Explor* O 80

Week High

Low

0.06 0.08 0.17 0.10 0.00 0.18 0.12 0.02 0.13 0.15 0.04 0.22 0.17 0.05 0.00 0.31 0.23 0.21 0.19 0.04 0.22 0.16 0.30 0.07 0.38 0.50 0.10 6.82 0.55 0.42 0.10 0.13 0.04 0.06 0.00 0.12 0.18 0.60 0.29 0.38 0.15 0.12 0.00 0.10 0.08 0.28 5.55 0.45 0.00 0.00 5.58 0.07 0.04 0.04 2.34 2.97 3.40 0.09 1.35 1.04 0.00 0.09 0.12 0.24 0.18 0.00 0.00 0.24 0.17 0.04 0.03 0.14 0.15 0.11 0.14 0.40 0.31 0.09 0.03 0.02 0.18 1.25 0.10 0.80 5.54 4.26 0.00 0.04 0.27 0.36 0.11 0.04 0.05 0.93 0.72 0.74 0.57 0.17 0.12 0.18 0.10 0.07 0.02 0.11 0.13 0.05 0.04 0.09 0.07 0.06 0.06 0.15 0.20 0.31 0.41 0.03 0.05 3.27 4.28 0.13 0.09 0.11 0.14 0.07 0.25 0.00 0.23 0.30 0.04 0.04 0.15 0.35 4.78 3.63 0.03 0.83 1.10 0.03 0.10 0.06 0.03 0.20 0.07 0.12 0.13 0.00 0.12 0.10 0.04 0.05 0.08 0.05 0.13 0.17 0.06 0.09 0.18 0.91 0.70 0.11 0.13 0.49 1.29 0.16 0.12 0.04 0.02 0.09 0.07 0.14 0.20

0.05 0.06 0.14 0.09 0.00 0.16 0.11 0.02 0.13 0.13 0.04 0.19 0.15 0.05 0.00 0.25 0.20 0.19 0.15 0.03 0.17 0.15 0.20 0.00 0.25 0.33 0.09 6.57 0.49 0.37 0.10 0.13 0.00 0.00 0.00 0.10 0.15 0.35 0.00 0.35 0.14 0.11 0.00 0.10 0.08 0.27 5.55 0.38 0.00 0.00 5.12 0.07 0.00 0.03 1.75 2.35 3.22 0.05 1.21 0.94 0.00 0.07 0.10 0.20 0.14 0.00 0.00 0.00 0.00 0.04 0.03 0.14 0.14 0.00 0.12 0.37 0.28 0.07 0.03 0.01 0.14 1.11 0.10 0.80 5.18 3.95 0.00 0.03 0.24 0.33 0.11 0.03 0.05 0.82 0.63 0.59 0.45 0.15 0.12 0.17 0.09 0.06 0.01 0.09 0.12 0.00 0.04 0.08 0.06 0.06 0.06 0.12 0.16 0.27 0.00 0.03 0.05 3.04 3.95 0.12 0.08 0.10 0.12 0.05 0.23 0.00 0.19 0.24 0.04 0.04 0.06 0.31 4.20 3.23 0.03 0.73 0.93 0.02 0.10 0.05 0.02 0.00 0.06 0.09 0.13 0.00 0.11 0.08 0.04 0.05 0.00 0.05 0.11 0.14 0.06 0.09 0.15 0.88 0.67 0.08 0.11 0.45 0.96 0.14 0.11 0.03 0.02 0.07 0.00 0.13 0.20

Last

12-month Change

0.06 + 0.07 + 0.16 0.09 unch 0.07 unch 0.18 + 0.12 + 0.02 unch 0.13 unch 0.13 0.04 unch 0.21 unch 0.16 0.05 unch 0.07 unch 0.28 0.23 + 0.21 + 0.16 0.03 0.18 0.15 0.27 + 0.07 unch 0.26 0.34 0.10 unch 6.66 0.55 + 0.42 + 0.10 unch 0.13 + 0.04 + 0.05 1.31 unch 0.12 0.17 unch 0.35 0.27 0.38 + 0.15 + 0.12 + 0.00 0.10 unch 0.08 unch 0.27 5.55 unch 0.41 + 0.00 3.83 unch 5.17 0.07 unch 0.04 0.04 unch 1.75 2.35 3.34 + 0.05 1.29 0.99 0.11 unch 0.08 0.11 0.21 + 0.16 + 0.00 unch 0.05 unch 0.24 unch 0.17 + 0.04 0.03 unch 0.14 unch 0.14 0.10 0.14 unch 0.39 + 0.30 + 0.07 unch 0.03 unch 0.02 0.15 1.20 0.10 unch 0.80 unch 5.51 + 4.23 + 0.00 unch 0.04 + 0.27 + 0.35 + 0.11 unch 0.03 + 0.05 + 0.90 0.69 0.62 0.50 0.16 + 0.12 0.17 unch 0.10 + 0.07 0.01 + 0.10 unch 0.13 + 0.05 unch 0.04 0.08 0.06 0.06 unch 0.06 unch 0.14 + 0.19 + 0.31 + 0.40 + 0.03 + 0.05 3.24 + 4.21 + 0.12 + 0.08 0.11 + 0.14 + 0.07 unch 0.23 unch 0.47 unch 0.20 0.26 0.04 unch 0.04 unch 0.06 0.34 + 4.64 + 3.51 + 0.03 unch 0.76 0.98 0.03 + 0.10 unch 0.06 unch 0.02 0.20 + 0.06 unch 0.11 + 0.13 unch 0.23 unch 0.12 unch 0.08 0.04 0.05 unch 0.08 unch 0.05 unch 0.12 + 0.16 + 0.06 0.09 + 0.18 + 0.90 + 0.69 0.10 + 0.13 unch 0.45 1.26 + 0.15 0.12 + 0.04 + 0.02 unch 0.07 0.06 0.13 0.20 unch

0.00 0.01 0.01 0.00 0.00 0.02 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.05 0.01 0.05 0.00 0.10 0.14 0.00 0.07 0.02 0.03 0.00 0.02 0.00 0.01 0.00 0.02 0.00 0.16 0.01 0.02 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.04 0.00 0.00 0.01 0.00 0.01 0.00 0.06 0.03 0.11 0.06 0.05 0.02 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.06 0.00 0.00 0.19 0.16 0.00 0.01 0.01 0.02 0.00 0.00 0.01 0.03 0.03 0.17 0.06 0.01 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.02 0.03 0.04 0.05 0.00 0.05 0.08 0.03 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.09 0.03 0.30 0.20 0.00 0.02 0.05 0.01 0.00 0.00 0.01 0.11 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.04 0.25 0.01 0.00 0.01 0.00 0.02 0.01 0.01 0.00

(100s)

High Low

Stock

0.08 0.12 0.25 0.16 0.10 0.23 0.17 0.05 0.19 3.60 0.07 0.35 0.25 0.08 0.13 0.42 0.25 0.35 0.29 0.09 0.40 0.31 0.30 0.50 0.38 0.50 0.18 8.97 0.55 0.42 0.18 0.25 0.08 0.11 2.00 0.21 0.28 4.75 0.32 0.42 0.32 0.23 0.00 0.38 0.26 0.45 5.55 0.45 0.01 4.10 5.75 0.46 0.33 0.10 2.90 3.79 7.33 0.17 2.40 1.86 0.11 0.10 0.15 0.55 0.42 0.00 0.07 1.48 0.17 0.06 0.05 0.20 0.15 0.11 0.14 0.49 0.38 0.15 0.21 0.16 0.54 3.10 0.18 1.05 6.22 4.67 0.00 0.08 0.30 0.39 0.60 0.06 0.08 1.11 0.85 0.91 0.69 0.30 0.22 0.20 0.12 0.08 0.03 0.16 0.23 0.12 0.25 0.40 0.27 0.20 0.10 0.20 0.25 0.31 0.75 0.04 0.10 3.55 4.68 0.24 0.18 0.25 0.34 0.23 1.50 1.35 1.00 0.60 0.17 0.13 0.15 1.50 4.78 3.63 0.10 1.19 1.58 0.03 0.20 0.07 0.07 2.00 0.09 0.12 0.13 0.70 0.16 0.11 0.11 0.15 0.20 0.20 0.17 0.23 0.12 0.16 0.26 2.15 1.62 0.29 0.39 0.55 4.94 0.33 0.24 0.08 0.06 0.21 0.17 0.20 0.20

Harfang Explor V 163 Harmony Gold* N 35578 Harte Gold* O 354 Harte Gold T 1792 Harvest Gold* O 30 Harvest Gold V 40 Hawkeye Gld&DiV 8 Heatherdale Rs V 51 Hecla Mining* N 26255 Hemcare Health*O 25 Heron Res* O 2 Highbank Res V 1024 Highland Copp V 212 Highland Copp* O 115 Highway 50 Gld V 48 Highway 50 Gld*O 228 HiHo Silver 219 Hinterland Mtl* O 3 Hochschild Mg* O 43 Homeland Egy* O 443 Honey Badger E V 229 Horizonte Mnls T 382 Hornby Bay Mnl*O 4 Hornby Bay Mnl V 150 HudBay Min T 4841 HudBay Min* N 4753 Hudson Res V 342 Hudson Res* O 81 Hunt Mng* O 0 Hut 8 Mining V 501 Hut 8 Mining* O 154 Hybrid Mineral V 136

0.04 0.05 0.12 0.08 0.05 0.07 0.05 0.02 0.11 0.13 0.02 0.17 0.13 0.05 0.07 0.15 0.04 0.15 0.11 0.02 0.07 0.06 0.15 0.07 0.13 0.18 0.08 6.31 0.28 0.21 0.06 0.07 0.03 0.04 1.30 0.04 0.06 0.31 0.19 0.25 0.07 0.07 0.00 0.07 0.03 0.20 1.51 0.19 0.00 2.40 2.20 0.06 0.04 0.00 1.40 2.27 2.73 0.05 1.17 0.86 0.10 0.03 0.05 0.19 0.14 0.00 0.03 0.10 0.02 0.02 0.00 0.06 0.05 0.03 0.12 0.26 0.19 0.02 0.02 0.01 0.08 1.10 0.07 0.80 3.24 2.43 0.00 0.03 0.16 0.22 0.08 0.02 0.04 0.71 0.52 0.12 0.09 0.11 0.09 0.08 0.04 0.03 0.01 0.02 0.04 0.03 0.04 0.07 0.06 0.04 0.05 0.09 0.12 0.01 0.25 0.02 0.06 1.57 2.03 0.09 0.07 0.06 0.08 0.05 0.10 0.02 0.00 0.24 0.04 0.03 0.05 0.30 0.50 0.39 0.01 0.54 0.70 0.01 0.04 0.04 0.02 0.06 0.02 0.04 0.05 0.12 0.05 0.04 0.03 0.04 0.08 0.04 0.01 0.12 0.05 0.07 0.13 0.41 0.31 0.04 0.06 0.32 0.80 0.12 0.09 0.03 0.02 0.05 0.04 0.11 0.16

Exc Volume

Week High

Low

0.29 2.48 0.21 0.27 0.02 0.02 0.03 0.03 1.76 1.44 0.38 0.03 0.04 0.03 0.15 0.11 0.03 0.00 2.59 0.99 0.03 0.04 0.01 0.03 6.85 5.25 0.43 0.33 0.08 2.70 2.09 0.04

0.26 2.25 0.19 0.25 0.01 0.02 0.00 0.00 1.61 1.25 0.38 0.02 0.00 0.03 0.15 0.11 0.03 0.00 2.43 0.83 0.02 0.04 0.01 0.03 6.28 4.78 0.00 0.28 0.08 2.32 1.82 0.04

Last

12-month Change

High Low

0.26 2.38 + 0.19 0.26 + 0.02 + 0.02 + 0.03 unch 0.03 unch 1.73 + 1.33 0.38 unch 0.03 + 0.04 0.03 + 0.15 unch 0.11 unch 0.03 + 0.00 unch 2.56 + 0.86 0.02 0.04 + 0.01 unch 0.03 unch 6.39 4.90 0.39 0.30 0.08 unch 2.46 unch 1.92 + 0.04 unch

0.01 0.32 0.18 0.15 2.48 1.43 0.00 0.38 0.15 0.01 0.55 0.21 0.00 0.08 0.00 0.01 0.10 0.01 0.00 0.11 0.03 0.00 0.04 0.02 0.01 3.56 1.21 0.07 1.54 0.05 0.00 0.45 0.35 0.02 0.05 0.01 0.01 0.14 0.03 0.00 0.12 0.02 0.00 0.48 0.14 0.00 0.37 0.10 0.01 0.09 0.02 0.00 0.14 0.00 0.06 2.70 1.90 0.12 3.21 0.18 0.01 0.18 0.02 0.01 0.08 0.03 0.00 0.03 0.01 0.00 0.05 0.02 0.46 10.42 4.51 0.34 7.83 3.44 0.04 0.53 0.32 0.03 0.39 0.25 0.00 0.21 0.00 0.00 3.75 0.76 0.04 2.85 0.60 0.00 0.23 0.04

0.06 0.04 0.04 0.08 0.06 0.08 + 4.65 4.29 4.60 + 3.57 3.27 3.55 + 0.11 0.11 0.11 + 0.08 0.08 0.08 0.11 0.10 0.11 + 0.04 0.04 0.04 + 0.06 0.05 0.05 0.33 0.30 0.32 + 5.03 4.75 5.03 + 2.70 2.38 2.70 + 2.09 1.84 2.09 + 0.06 0.05 0.05 0.03 0.03 0.03 0.05 0.04 0.05 + 0.12 0.00 0.12 0.00 0.00 0.04 unch 0.06 0.00 0.05 0.01 0.01 0.01 unch 0.01 0.01 0.01 unch 0.02 0.00 0.02 unch 0.07 0.06 0.07 + 0.00 0.00 0.04 unch 0.04 0.04 0.04 0.00 0.00 0.03 unch 0.00 0.00 0.07 unch 0.06 0.00 0.05 0.70 0.67 0.68 0.92 0.88 0.88 0.19 0.19 0.19 unch 0.35 0.25 0.32 + 0.10 0.10 0.10 unch 0.00 0.00 0.07 unch 0.00 0.00 0.00 0.11 0.07 0.10 + 0.14 0.00 0.13 + 0.02 0.02 0.02 unch 0.01 0.01 0.01 unch 0.02 0.02 0.02 0.02 0.02 0.02 unch 0.03 0.03 0.03 0.06 0.04 0.05 0.03 0.03 0.03 unch 0.05 0.04 0.05 + 0.09 0.09 0.09 unch 0.15 0.13 0.15 unch 0.03 0.02 0.02 0.03 0.02 0.02 0.00 0.00 0.00 unch 0.60 0.54 0.54 0.77 0.70 0.70 0.11 0.10 0.10 0.09 0.07 0.09 3.44 3.21 3.41 + 0.33 0.30 0.30 0.42 0.40 0.40 0.12 0.11 0.11 0.10 0.07 0.09 0.03 0.03 0.03 unch 0.05 0.04 0.05 + 0.17 0.11 0.17 2.30 2.18 2.24 3.00 2.86 2.90 0.66 0.55 0.60 + 1.07 0.76 1.07 + 1.40 0.90 1.38 + 0.30 0.00 0.30 3.41 3.12 3.23 4.45 4.08 4.18 0.23 0.18 0.23 + 0.30 0.23 0.28 0.01 0.01 0.01 unch 0.02 0.02 0.02 unch 0.17 0.15 0.16 + 0.13 0.11 0.12 + 0.26 0.25 0.25 + 0.20 0.18 0.20 + 0.05 0.05 0.05 + 0.00 0.00 0.00 unch 0.02 0.00 0.02 + 0.04 0.04 0.04 0.18 0.14 0.14 0.03 0.00 0.03 unch 0.60 0.54 0.60 0.09 0.06 0.06 0.11 0.08 0.09 0.90 0.90 0.90 unch 0.24 0.20 0.24 + 1.60 1.47 1.54 + 2.10 1.93 1.99 + 0.06 0.00 0.06 + 0.04 0.03 0.04 + 0.03 0.03 0.03 unch 0.74 0.70 0.74 + 0.24 0.19 0.20 0.05 0.04 0.04 0.00 0.00 0.00 unch 0.53 0.35 0.48 + 0.08 0.07 0.08 + 0.06 0.05 0.06 + 0.02 0.02 0.02 unch 0.18 0.15 0.17 + 0.24 0.19 0.22 + 0.05 0.04 0.04 unch 0.02 0.02 0.02 unch 0.02 0.01 0.01 unch 0.10 0.10 0.10 + 0.14 0.10 0.14 + 0.28 0.09 0.10 0.13 0.13 0.13 0.14 0.14 0.14 unch 4.13 3.79 4.05 + 5.40 4.96 5.27 + 0.18 0.16 0.18 + 43.14 40.31 42.92 + 56.40 52.89 55.99 + 0.25 0.21 0.23 0.34 0.26 0.31 0.04 0.00 0.02 0.05 0.04 0.04 + 0.09 0.00 0.09 0.12 0.12 0.12 0.10 0.09 0.10 0.12 0.11 0.12 unch 0.07 0.06 0.06 0.07 0.04 0.04 0.10 0.10 0.10 + 0.27 0.24 0.25 0.19 0.19 0.19 0.15 0.13 0.13 0.00 0.00 0.00 unch 0.01 0.01 0.01 -

0.01 0.18 0.05 0.02 0.23 0.06 0.19 7.92 3.08 0.20 5.99 2.28 0.03 0.21 0.07 0.00 0.14 0.06 0.01 0.19 0.08 0.00 0.14 0.03 0.01 0.19 0.04 0.02 0.40 0.20 0.28 5.03 1.15 0.22 3.50 0.93 0.19 2.60 0.72 0.01 0.11 0.05 0.00 0.05 0.02 0.01 0.07 0.04 0.03 0.55 0.00 0.00 0.08 0.03 0.01 0.11 0.04 0.00 0.03 0.01 0.00 0.02 0.01 0.00 0.02 0.01 0.01 0.18 0.05 0.00 0.14 0.03 0.01 0.07 0.02 0.00 0.04 0.00 0.00 0.10 0.05 0.01 0.17 0.05 0.01 0.72 0.44 0.01 0.95 0.61 0.00 0.27 0.16 0.07 0.36 0.19 0.00 0.54 0.09 0.00 0.41 0.07 0.00 0.00 0.00 0.00 0.23 0.03 0.01 0.30 0.05 0.00 0.07 0.02 0.00 0.03 0.01 0.00 0.12 0.01 0.00 0.15 0.01 0.00 0.09 0.02 0.02 0.12 0.03 0.00 0.06 0.02 0.01 0.09 0.04 0.00 0.16 0.08 0.00 0.26 0.11 0.01 0.10 0.02 0.01 0.13 0.02 0.00 0.00 0.00 0.05 0.68 0.35 0.08 0.90 0.48 0.01 0.25 0.05 0.01 0.18 0.01 0.03 4.41 2.51 0.03 0.59 0.25 0.02 0.83 0.32 0.01 0.25 0.10 0.01 0.18 0.07 0.00 0.08 0.02 0.01 0.11 0.03 0.00 0.20 0.03 0.04 2.40 0.70 0.02 3.19 0.91 0.05 0.66 0.28 0.42 1.75 0.39 0.38 2.31 0.53 0.00 0.32 0.02 0.18 3.46 1.50 0.28 4.54 2.00 0.02 0.34 0.13 0.01 0.44 0.13 0.00 0.02 0.01 0.00 0.04 0.02 0.01 0.35 0.07 0.00 0.26 0.05 0.01 0.38 0.07 0.03 0.28 0.06 0.01 0.15 0.05 0.00 0.12 0.00 0.01 0.20 0.01 0.01 0.06 0.03 0.03 0.20 0.14 0.00 0.09 0.02 0.04 0.64 0.54 0.03 1.10 0.05 0.03 0.59 0.07 0.00 2.25 0.90 0.02 0.33 0.16 0.07 1.60 0.51 0.09 2.10 0.67 0.01 0.11 0.05 0.00 0.08 0.03 0.00 0.21 0.03 0.03 0.96 0.60 0.02 0.43 0.15 0.02 0.28 0.04 0.00 0.00 0.00 0.14 0.96 0.30 0.01 0.17 0.05 0.01 0.11 0.04 0.00 0.02 0.01 0.02 0.18 0.07 0.03 0.24 0.11 0.00 0.09 0.03 0.00 0.03 0.01 0.00 0.03 0.01 0.02 0.23 0.07 0.01 0.29 0.08 0.09 0.70 0.09 0.17 0.52 0.13 0.00 0.16 0.13 0.22 4.13 2.38 0.26 5.40 3.15 0.02 0.44 0.11 0.85 44.04 17.26 0.96 57.99 22.42 0.02 0.28 0.10 0.01 0.36 0.17 0.00 0.05 0.02 0.01 0.07 0.03 0.01 0.19 0.05 0.01 0.28 0.11 0.00 0.13 0.08 0.00 0.16 0.11 0.01 0.29 0.05 0.00 0.17 0.02 0.01 2.25 0.01 0.03 0.35 0.08 0.00 0.21 0.09 0.01 0.35 0.11 0.00 0.02 0.00 0.01 0.02 0.01

I-J-K I-Minerals* O I-Minerals V IAMGOLD T IAMGOLD* N Icon Explor* O Iconic Mnls * O Iconic Mnls V iMetal Res* O iMetal Res V IMPACT Silver V Impala Platnm* O Imperial Metal T Imperial Metal* O Imperial Mg Gr V Inca One Gold* O Inca One Gold V Inception Mng * O Independence G*O Independence GV Indiana Res* O Indico Res V Indigo Expl V Infinite Lith V Inform Res V Inomin Mines V Inspiration Mg* O Intact Gold* O Intact Gold V Integra Res* O Integra Res V Inter-Rock Mnl* O Inter-Rock Mnl V Intercontinent V Intercontinent* O Intgr Egy Sol* O Intl Battery* O Intl Battery Intl Bethl Mng V Intl Bethl Mng* O Intl Cobalt* O Intl Cobalt Intl Lithium* O Intl Lithium V Intl Montoro* O Intl Montoro V Intl Prospect * O Intl Prospect V Intl Samuel Ex* O Intl Samuel Ex V Intl Star* O Intl Tower Hil* X Intl Tower Hil T Intl Zeolite V Intl Zeolite* O Intrepid Pots* N INV Metals* O INV Metals T Inventus Mg V Inventus Mg * O InZinc Mining* O InZinc Mining V Ireland* O Irving Res* O Irving Res IsoEnergy Ltd V Itafos* O Itafos V Itoco Inc* O Ivanhoe Mines* O Ivanhoe Mines T Jade Leader* O Jade Leader V Jaeger Res * O Jaeger Res V Jaguar Mng T Jaguar Mng* O Japan Gold V Japan Gold* O Jaxon Mining V Jayden Res* O Jayden Res V Jazz Res V Jervois Mining V Jourdan Res V Jubilee Gold V Juggernaut Exp*O Juggernaut Exp V Jupiter Gold* O K2 Gold V K92 Mining* O K92 Mining V Kaizen Discov V Kaizen Discvry* O Kapuskasing Gd V Karmin Expl V Karnalyte Res T Karoo Expl V KAT Expl* O Katanga Mng T Kenadyr Mining V Kenadyr Mining*O Kermode Res V Kerr Mines* O Kerr Mines T Kesselrun Res V Kestrel Gold V Kilo Goldmines V Kincora Copper*O Kincora Copper V Kingsmen Res V Kingsmen Res* O Kingsrose Mng* O Kinross Gold* N Kinross Gold T Kintavar Exp V Kirkland Lake* N Kirkland Lake T Klondike Gold* O Klondike Gold V Klondike Silv* O Klondike Silv V Kombat Copper V Komet ResourceV Kootenay Silvr* O Kootenay Silvr V Kootenay Zinc Kootenay Zinc* O KOPR Point Kore Mining V Kore Mining * O Kutcho Copper *O KWG Res* O KWG Res

189 201 8667 19306 128 59 331 25 1020 676 12 98 26 495 3 58 35 0 106 1 1370 77 15 1 120 0 0 72 70 161 5 414 7 0 2536 193 25 9 1 286 261 19 2482 345 217 1 113 80 683 6196 392 38 346 27 2122 5 25 250 113 53 419 98 46 85 442 26 113 31 1034 4189 457 176 4 6 1265 315 431 110 404 3 71 10 1194 319 70 28 2267 2 50 1144 4637 165 3 165 95 60 1204 14706 2459 128 4 261 275 1755 91 180 213 10 342 2139 1 25 51741 15931 122 6747 4601 194 790 56 649 27 38 36 394 89 13 469 237 10 193 3 1642

(100s) Stock

Exc Volume

Labrador Gold* O 0 Labrador Gold V 45 Labrador IMH* O 48 Labrador IOR T 1147 Labrador IOR* O 20 Lara Expl V 74 Laramide Res T 1453 Laredo Res* O 1112 Largo Res T 2879 Largo Res* O 1046 Lateral Gold V 409 Latin American V 30 Latin Metals V 160 Latin Metals* O 33 Laurion Mnl Ex V 578 Laurion Mnl Ex* O 1 Le Mare Gold* O 61 Le Mare Gold V 50 Leading Edge* O 680 Leading Edge V 524 Leagold Mg T 2719 Leagold Mg* O 683 Leeta Gold V 4118 Legion Metals 865 Leo Res* O 3 Levon Res Ltd T 193 Levon Res Ltd * O 52 Libero Copper* O 129 Libero Copper V 115 Liberty Gold* O 566 Liberty One Li V 87 Liberty One Li* O 279 LiCo Energy* O 111 LiCo Energy V 157 Lincoln Mng V 753 Lion One Mtls V 255 Lion One Mtls* O 337 Lions Bay Cap V 270 Lions Bay Mg * O 0 Lions Bay Mg 0 Lions Gate Mtl* O 28 Lithion Energy* O 19 Lithium Amer* N 476 Lithium Amer T 284 Lithium Chile V 153 Lithium Chile* O 13 Lithium Corp* O 278 Lithium Energi* O 2 Lithium Energi V 64 Lithium Expl* O 20 Lithoquest Dia V 90 LKA Gold* O 1 Lode-Star Mg* O 17 Logan Res* O 0 Logan Res V 1384 Lomiko Mtls V 406 Lomiko Mtls* O 423 Loncor Res* O 1 Loncor Res T 642 Lone Star Gold* O 0 Lonmin plc* O 12 Los Andes V 431 Los Andes* O 110 Lucara Diam T 660 Lucky Min V 619 Lucky Min* O 88 Luckystrike * O 4 Luckystrike V 93 Lumina Gold V 73 Lumina Gold* O 57 Luminex Res V 144 Lundin Gold T 201 Lundin Mng* O 183 Lundin Mng T 10999 Lupaka Gold * O 5 Lupaka Gold V 523 Lydian Intl* O 102 Lydian Intl T 618 Lynas Corp* O 370 Lynas Corp* O 159

Week High

Low

Last

12-month Change

0.17 0.17 0.17 unch 0.23 0.22 0.22 + 0.01 0.00 0.00 unch 34.73 34.02 34.35 + 26.44 26.26 26.30 + 0.49 0.46 0.47 + 0.37 0.29 0.30 0.00 0.00 0.00 + 1.98 1.77 1.78 1.56 1.35 1.38 0.12 0.06 0.07 0.02 0.02 0.02 unch 0.15 0.12 0.12 0.09 0.00 0.09 + 0.11 0.11 0.11 unch 0.08 0.08 0.08 + 0.04 0.01 0.01 0.06 0.06 0.06 unch 0.21 0.15 0.15 0.27 0.20 0.21 2.08 1.99 2.01 unch 1.62 1.51 1.54 0.50 0.46 0.47 0.48 0.39 0.40 0.03 0.00 0.03 0.14 0.12 0.13 + 0.10 0.10 0.10 0.08 0.07 0.08 + 0.11 0.00 0.11 + 0.49 0.38 0.49 + 0.09 0.08 0.08 0.07 0.06 0.07 0.03 0.03 0.03 + 0.05 0.04 0.04 unch 0.01 0.01 0.01 unch 0.72 0.68 0.69 unch 0.56 0.52 0.53 unch 0.06 0.05 0.06 + 0.00 0.00 0.08 unch 0.00 0.00 0.11 unch 0.04 0.04 0.04 unch 0.35 0.33 0.33 4.12 3.90 3.94 5.38 5.12 5.14 0.46 0.41 0.41 0.35 0.32 0.32 0.10 0.08 0.08 + 0.14 0.11 0.11 0.17 0.15 0.15 0.01 0.00 0.01 0.10 0.08 0.10 + 0.07 0.07 0.07 unch 0.06 0.06 0.06 + 0.00 0.00 0.12 unch 0.15 0.13 0.14 0.05 0.04 0.04 unch 0.04 0.02 0.04 + 0.08 0.06 0.08 + 0.10 0.09 0.10 unch 0.45 0.00 0.45 + 1.03 0.00 1.02 + 0.39 0.32 0.38 + 0.30 0.25 0.29 + 1.58 1.51 1.54 unch 0.06 0.05 0.05 0.05 0.03 0.03 0.12 0.08 0.12 + 0.20 0.12 0.19 + 0.60 0.56 0.60 + 0.47 0.44 0.46 + 0.73 0.64 0.72 + 6.78 6.52 6.68 + 5.45 5.05 5.38 + 7.15 6.74 7.02 0.04 0.01 0.01 0.02 0.02 0.02 unch 0.11 0.08 0.09 0.14 0.11 0.12 1.95 1.83 1.90 1.96 1.84 1.95 +

High Low

0.00 0.21 0.12 0.01 0.29 0.14 0.00 0.11 0.00 0.02 36.01 22.25 0.08 27.15 17.28 0.01 0.69 0.41 0.04 0.52 0.25 0.00 0.03 0.00 0.05 4.65 1.44 0.02 3.56 1.07 0.04 0.86 0.06 0.00 0.03 0.01 0.03 0.48 0.08 0.00 0.09 0.01 0.00 0.11 0.07 0.00 0.08 0.05 0.03 0.15 0.00 0.00 0.18 0.03 0.04 0.43 0.07 0.06 0.58 0.10 0.00 2.65 1.28 0.00 2.03 0.95 0.02 1.08 0.24 0.07 0.83 0.18 0.01 0.60 0.01 0.01 0.22 0.07 0.00 0.16 0.06 0.00 0.10 0.04 0.01 0.14 0.07 0.10 0.49 0.21 0.01 0.27 0.06 0.00 0.21 0.04 0.00 0.18 0.01 0.00 0.45 0.04 0.00 0.03 0.01 0.00 0.79 0.35 0.00 0.60 0.24 0.01 0.12 0.04 0.00 0.14 0.00 0.00 0.20 0.03 0.00 0.07 0.04 0.02 0.35 0.02 0.18 5.21 2.75 0.24 6.85 3.74 0.05 1.01 0.39 0.03 0.81 0.29 0.01 0.27 0.05 0.03 0.30 0.11 0.01 0.38 0.15 0.00 0.02 0.00 0.02 0.50 0.08 0.00 0.43 0.05 0.01 0.15 0.02 0.00 0.12 0.00 0.01 0.24 0.13 0.00 0.09 0.04 0.01 0.07 0.02 0.02 0.09 0.04 0.00 0.14 0.06 0.05 2.12 0.05 0.06 1.15 0.45 0.06 0.39 0.15 0.02 0.28 0.14 0.00 2.39 1.38 0.01 0.21 0.05 0.01 0.16 0.03 0.04 0.35 0.08 0.07 0.55 0.12 0.01 0.82 0.46 0.01 1.03 0.35 0.03 1.05 0.51 0.13 6.79 4.42 0.00 5.94 3.60 0.02 7.96 4.70 0.04 0.13 0.04 0.00 0.21 0.02 0.02 0.25 0.05 0.02 0.33 0.07 0.03 2.29 1.05 0.04 2.33 1.05

M M.P.V. Explor Macarthur Min V Macarthur Min* O MacDonald Mns*O MacDonald Mns V MAG Silver T Magellan Gold* O Magna Gold V Magna Terra V Magnitude Mng V Majestic Gold* O Majestic Gold V Makena Res* O Mako Mining V Mako Mining* O Mammoth Res V Mandalay Res T Mandalay Res* O Manganese X V Mangazeya MngV Manitou Gold V Manitou Gold * O Maple Gold V Maple Gold* O Marathon Gold* O Marathon Gold T Margaret Lake V Margaux Res V Margaux Res* O Marifil Mines V Marifil Mines* O Mariner Res Maritime Res V MartinMarietta* N Mas Gold V Mascota Res* O Mason Graphite*O Mason Graphite V Matachewan ConV Matica Ent Matmown* O Maverix Metals T Maverix Metals* X Mawson Res* O Mawson Res T MAX Res V MaxTech Vent* O MaxTech Vent Maxwell Res* O Maya Gold &Sil T Maya Gold &Sil* O Mazarin V MBMI Res* O MBMI Res V McChip Res V McEwen Mng T McEwen Mng* N McLaren Res MDN Inc* O Meadow Bay Gd Mechel* N Medallion Res* O Medallion Res V Medgold Res V Medgold Res* O Medinah Mnrls* O Mega Copper V Mega Uranium* O Mega Uranium T Megastar Dev V MegumaGold* O MegumaGold Melior Res V Melkior Res V Meridian Mg V Meridian Mg * O Meryllion Res* O Meryllion Res MetalCorp V Metalex Vent V Metalla Rylty V Metalla Rylty* O Metallic Mnrls V Metallic Mnrls* O Metallica Min* O Metallis Res V Metalo Manuf Metalore Res V

29 1171 53 4 244 703 8 193 49 20 0 226 5 7493 1001 165 146 34 425 34 218 0 1204 556 237 808 387 60 83 982 658 275 706 1921 20 2 115 307 112 1532 138 55 46 11 104 1205 12 54 1863 55 138 96 288 596 1 1495 12641 453 201 81 143 145 327 520 0 4648 3 307 3321 597 29 723 18 2317 38 6 6 3120 1645 54 557 449 167 101 5 150 13 2

0.13 0.13 0.13 unch 0.10 0.09 0.09 unch 0.07 0.07 0.07 0.04 0.00 0.04 unch 0.05 0.05 0.05 13.85 13.19 13.35 2.06 0.00 1.85 0.32 0.00 0.27 0.03 0.02 0.02 0.16 0.16 0.16 unch 0.00 0.00 0.05 unch 0.06 0.00 0.06 + 0.88 0.68 0.68 0.12 0.11 0.11 0.09 0.08 0.08 + 0.03 0.03 0.03 unch 1.39 1.16 1.27 1.03 0.91 0.97 0.14 0.12 0.13 + 0.04 0.00 0.04 unch 0.05 0.05 0.05 unch 0.00 0.00 0.04 unch 0.09 0.08 0.09 0.07 0.06 0.06 0.92 0.86 0.90 + 1.20 1.13 1.17 + 0.06 0.05 0.05 + 0.11 0.08 0.09 unch 0.08 0.07 0.07 0.17 0.13 0.15 unch 0.13 0.10 0.12 + 0.16 0.15 0.15 unch 0.11 0.09 0.09 230.64 223.06 226.50 0.09 0.09 0.09 unch 2.50 2.50 2.50 unch 0.25 0.21 0.23 0.33 0.28 0.30 0.13 0.13 0.13 unch 0.09 0.08 0.08 unch 0.01 0.01 0.01 5.87 5.55 5.58 4.69 4.25 4.28 0.14 0.13 0.13 0.18 0.17 0.17 0.13 0.12 0.13 + 0.03 0.03 0.03 0.04 0.00 0.04 + 0.05 0.01 0.03 + 1.83 1.60 1.72 1.39 1.29 1.29 0.07 0.06 0.07 + 0.01 0.01 0.01 unch 0.02 0.02 0.02 unch 0.00 0.00 0.70 unch 2.28 2.07 2.26 + 1.75 1.57 1.73 + 0.04 0.03 0.04 + 0.22 0.20 0.20 0.04 0.04 0.04 unch 2.12 2.02 2.03 0.16 0.12 0.15 + 0.22 0.16 0.20 + 0.11 0.10 0.11 + 0.00 0.00 0.08 unch 0.00 0.00 0.00 + 0.16 0.16 0.16 unch 0.09 0.07 0.09 + 0.11 0.09 0.11 + 0.17 0.12 0.17 + 0.07 0.05 0.07 + 0.10 0.06 0.08 0.34 0.34 0.34 unch 0.04 0.03 0.03 0.10 0.08 0.08 0.07 0.07 0.07 unch 0.01 0.00 0.01 unch 0.01 0.01 0.01 unch 0.01 0.01 0.01 unch 0.05 0.03 0.05 + 1.02 0.96 1.01 + 0.79 0.73 0.78 + 0.15 0.14 0.14 unch 0.11 0.10 0.11 0.01 0.01 0.01 unch 0.60 0.52 0.60 + 0.27 0.20 0.20 0.90 0.90 0.90 unch

0.00 0.19 0.06 0.00 0.17 0.02 0.00 0.31 0.01 0.00 0.05 0.02 0.01 0.07 0.03 0.27 15.74 8.10 0.10 3.80 0.80 0.01 0.45 0.20 0.01 0.06 0.02 0.00 0.25 0.14 0.00 0.08 0.04 0.01 0.11 0.05 0.21 2.18 0.69 0.01 0.22 0.09 0.00 0.16 0.01 0.00 0.09 0.03 0.05 2.35 0.45 0.02 1.04 0.03 0.01 0.20 0.08 0.00 0.05 0.02 0.00 0.11 0.03 0.00 0.08 0.03 0.01 0.15 0.08 0.00 0.11 0.05 0.03 0.94 0.49 0.02 1.23 0.65 0.01 0.11 0.02 0.00 0.18 0.03 0.00 0.14 0.02 0.00 0.18 0.05 0.01 0.14 0.04 0.00 0.20 0.15 0.01 0.12 0.07 4.34 232.81 150.75 0.00 0.16 0.04 0.00 2.50 2.50 0.02 1.02 0.18 0.02 1.35 0.25 0.00 0.25 0.12 0.00 0.32 0.07 0.00 0.08 0.01 0.17 6.20 3.26 0.11 4.74 1.25 0.01 0.27 0.12 0.01 0.39 0.17 0.01 0.50 0.09 0.00 0.25 0.02 0.01 0.31 0.03 0.01 0.05 0.00 0.12 3.00 1.58 0.09 2.28 1.20 0.01 0.18 0.06 0.00 1.00 0.01 0.00 0.07 0.02 0.00 0.93 0.62 0.03 3.28 1.67 0.03 2.52 1.23 0.01 0.08 0.01 0.02 0.26 0.11 0.00 0.09 0.03 0.08 3.42 1.81 0.03 0.21 0.06 0.04 0.28 0.09 0.01 0.41 0.09 0.00 0.31 0.07 0.00 0.01 0.00 0.00 0.18 0.16 0.02 0.13 0.06 0.01 0.16 0.09 0.05 0.17 0.04 0.01 0.16 0.05 0.03 0.26 0.06 0.00 0.99 0.21 0.01 0.13 0.03 0.02 0.19 0.05 0.00 0.08 0.05 0.00 0.02 0.00 0.00 0.04 0.01 0.00 0.02 0.01 0.01 0.06 0.02 0.03 1.43 0.63 0.02 1.08 0.48 0.00 0.30 0.11 0.00 0.24 0.08 0.00 0.03 0.01 0.07 1.40 0.39 0.07 0.45 0.10 0.00 2.85 0.90

2019-07-16 11:26 AM

WWW.NORTHERNMINER.COM

JULY 22–AUGUST 4, 2019 / THE NORTHERN MINER

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

Exc Volume

Week High

Low

Last

12-month Change

Metals Creek V 491 Metals X* O 11 Metron Capital V 4 Mexican Gold* O 5 Mexus Gold* O 3565 MGX Minerals* O 410 MGX Minerals 291 Michelin 5 Midas Gold T 1217 Midas Gold* O 1137 Midland Expl V 37 Midnight Star 332 Midnight Sun V 168 Millennial Lit* O 62 Millennial Lit V 49 Millrock Res* O 201 Millrock Res V 1234 Milner Con Slv V 117 Minaurum Gold V 234 Minaurum Gold* O 108 Minco Silver T 123 Minco Silver* O 36 Minera Alamos * O 1737 Minera Alamos V 4456 Minera IRL 84 Mineral Mtn V 306 Mineral Mtn* O 358 MineralRite* O 12004 Mineworx Tech V 340 Mineworx Tech* O 142 Minfocus Expl V 30 Minfocus Expl* O 22 Mining Global* O 3031 Minnova Corp V 500 Minsud Res V 200 Miramont Res 1518 Miramont Res* O 1085 Mirasol Res V 184 Mistango River 90 Mkango Res V 60 ML Gold* O 5 ML Gold Corp V 26 Monarca Mnrls V 100 Monarch Gold* O 334 Monarch Gold T 292 Moneta Porcpn* O 30 Moneta Porcpn T 147 Monitor Vent* O 2 Monitor Vent V 1 Monster Uran V 19 Monterey Min 301 Montero Mg&Ex V 7 Monument Mng V 431 Morien Res* O 37 Morien Res V 105 Mosaic* N 22872 Mountain Boy V 43 Mountain Boy* O 2 Mountain Prov T 176 Mountain Prov* D 122 Mundoro Cap* O 316 Mundoro Cap V 155 Murchison Min V 291 MX Gold* O 195

0.06 0.04 0.05 + 0.17 0.17 0.17 0.05 0.00 0.05 unch 0.10 0.10 0.10 unch 0.01 0.01 0.01 + 0.20 0.17 0.19 + 0.25 0.24 0.25 + 0.50 0.50 0.50 unch 0.79 0.64 0.78 + 0.60 0.48 0.60 + 0.96 0.92 0.96 + 0.17 0.12 0.17 + 0.12 0.11 0.12 + 1.22 0.99 1.11 1.55 1.42 1.46 0.08 0.06 0.06 0.09 0.07 0.08 0.07 0.06 0.07 unch 0.52 0.47 0.49 0.41 0.37 0.38 0.64 0.53 0.58 0.50 0.40 0.44 0.13 0.11 0.12 + 0.17 0.14 0.15 + 0.09 0.09 0.09 unch 0.11 0.10 0.10 0.09 0.07 0.08 0.00 0.00 0.00 + 0.10 0.09 0.09 0.08 0.07 0.08 + 0.04 0.04 0.04 unch 0.04 0.03 0.04 + 0.00 0.00 0.00 unch 0.10 0.10 0.10 unch 0.08 0.08 0.08 unch 0.14 0.10 0.11 0.11 0.07 0.09 0.71 0.62 0.68 0.03 0.00 0.03 unch 0.14 0.13 0.13 0.36 0.36 0.36 0.47 0.41 0.47 0.06 0.05 0.05 0.20 0.18 0.19 + 0.25 0.24 0.25 + 0.09 0.08 0.09 + 0.11 0.10 0.11 unch 0.14 0.14 0.14 + 0.19 0.00 0.19 unch 0.08 0.08 0.08 unch 0.06 0.04 0.06 + 0.20 0.00 0.17 0.06 0.06 0.06 unch 0.34 0.30 0.31 0.46 0.41 0.41 24.74 22.39 23.00 0.22 0.17 0.22 + 0.16 0.13 0.16 + 1.28 1.21 1.24 0.99 0.94 0.97 + 0.09 0.08 0.08 0.13 0.12 0.13 unch 0.10 0.08 0.10 + 0.00 0.00 0.00 +

NA Frac Sand* O NACCO Ind* N Namibia Crit V Namibia Crit* O Napier Vent V Napier Vent* O Natural Res Pt* N Nautilus Mnrls* O Nemaska Lith T Nemaska Lith* O Neo Lithium V Neometals* O Network Expl* O Network Expl V Nevada Canyon*O Nevada Copper T Nevada Energy* O Nevada Energy V Nevada Expl * O Nevada Expl V Nevada Sunrise*O Nevada Sunrise V Nevada Zinc V Nevado Res V New Age Metals*O New Age Metals V New Carolin Gd*O New Carolin Gd V New Destiny Mg V New Dimen Res V New Dimen Res*O New Energy Met V New Energy Met*O New Gold T New Gold* X New Jersey Mng*O New Klondike* O New Milln Iron* O New Milln Iron T New Nadina V New Nadina* O New Oroperu V New Pac Metals V New Pac Metals*O New Tech Min* O New Tech Min Newlox Gold Newmont Gdcorp*N Newmont GdcorpT Newport Expl V Newport Gold* O NewRange Gold*O NewRange Gold V Nexa Resources T Nexa Resources*N Nexco Res Nexgen Energy T Nexgen Energy* X NextSource Mat T Nexus Gold* O Nexus Gold V NGEx Res* O NGEx Res T Nickel Creek T Nickel Creek* O Nickel North V Nicola Mg Inc V Nicola Mg Inc* O Nighthawk Gold*O Nighthawk Gold T Niobay Metals V Niocan Inc V Niocorp Dev T Niocorp Dev* O Nippon Dragon V Nippon Dragon* O Nitinat Mnls V Noble Metal V Noble Mineral V Noble Mineral* O Noka Res* O Noram Vent V Noranda Alum* O Nordic Gold* O Nordic Gold V Noront Res V Norra Metals V Norsemont Cap Nortec Mnls V North Am Nickl V North Am Nickl* O North Am Pall* O North Am Pall T North Arrow Mn V North Arrow Mn*O North Bay Res * O Northcliff Res T

0.02 54.49 0.13 0.10 0.27 0.27 36.47 0.02 0.27 0.21 0.66 0.16 0.39 0.49 0.09 0.35 0.09 0.13 0.24 0.30 0.06 0.07 0.08 0.17 0.06 0.06 0.07 0.10 0.15 0.04 0.03 0.32 0.24 1.59 1.22 0.20 0.00 0.07 0.10 0.09 0.07 0.35 2.39 1.84 0.03 0.04 0.05 39.49 51.50 0.32 0.04 0.15 0.19 12.24 9.46 0.05 2.31 1.78 0.10 0.07 0.09 0.00 1.07 0.06 0.05 0.02 0.10 0.08 0.48 0.63 0.28 0.18 0.59 0.45 0.03 0.02 0.06 0.01 0.08 0.06 0.12 0.12 0.01 0.03 0.05 0.24 0.05 0.30 0.03 0.02 0.02 11.22 14.69 0.09 0.06 0.00 0.08

High Low

0.01 0.11 0.03 0.01 0.49 0.15 0.00 0.07 0.05 0.00 0.22 0.06 0.00 0.02 0.00 0.01 0.77 0.16 0.01 1.01 0.22 0.00 0.50 0.50 0.14 1.10 0.56 0.11 0.87 0.41 0.03 1.46 0.66 0.02 0.40 0.11 0.01 0.26 0.10 0.05 1.86 0.67 0.06 2.40 1.04 0.01 0.23 0.05 0.02 0.30 0.07 0.00 0.11 0.02 0.01 0.62 0.32 0.00 0.47 0.23 0.03 0.69 0.35 0.00 0.51 0.24 0.01 0.13 0.06 0.01 0.17 0.09 0.00 0.11 0.05 0.01 0.30 0.07 0.01 0.23 0.05 0.00 0.00 0.00 0.01 0.23 0.09 0.00 0.17 0.07 0.00 0.11 0.03 0.01 0.07 0.02 0.00 0.00 0.00 0.00 0.82 0.09 0.00 0.09 0.01 0.03 0.63 0.10 0.02 0.48 0.07 0.04 1.91 0.53 0.00 0.05 0.01 0.01 0.19 0.10 0.00 0.54 0.01 0.02 1.35 0.12 0.01 0.08 0.02 0.01 0.24 0.11 0.01 0.33 0.15 0.00 0.12 0.06 0.00 0.16 0.07 0.00 0.80 0.12 0.00 0.98 0.16 0.00 0.32 0.08 0.01 0.16 0.04 0.03 0.25 0.05 0.00 0.08 0.04 0.03 0.47 0.30 0.03 0.61 0.40 1.80 37.37 20.81 0.01 0.40 0.15 0.01 0.19 0.04 0.01 3.30 1.08 0.03 2.55 0.80 0.00 0.19 0.08 0.00 0.25 0.11 0.03 0.18 0.06 0.00 0.04 0.00

N-O 123 37 32 54 25 5 56 200 2704 441 226 4 61 369 24 315 3 13 108 56 657 704 49 23 7 1772 130 233 100 300 25 108 91 9322 28841 255 0 17 517 25 1 21 11 18 15 106 122 26829 636 617 948 778 832 2 193 100 2650 2483 980 155 854 22 59 880 605 380 722 100 569 1296 137 12 423 296 642 73 129 423 209 50 899 139 22 20 287 398 10 65 113 27 100 106 711 1546 21 16750 777

20-22_JULY22_StockTables.indd 22

0.02 53.00 0.12 0.09 0.24 0.27 33.59 0.00 0.24 0.19 0.63 0.10 0.31 0.42 0.07 0.33 0.08 0.11 0.21 0.27 0.03 0.05 0.07 0.00 0.04 0.05 0.07 0.09 0.14 0.04 0.03 0.28 0.23 1.19 0.91 0.14 0.00 0.06 0.08 0.00 0.04 0.35 2.34 1.72 0.03 0.00 0.04 38.00 49.82 0.30 0.02 0.13 0.17 11.76 8.80 0.04 1.96 1.49 0.09 0.06 0.08 0.00 1.04 0.04 0.03 0.01 0.09 0.07 0.42 0.53 0.24 0.13 0.54 0.41 0.03 0.02 0.05 0.01 0.08 0.06 0.11 0.07 0.00 0.03 0.04 0.23 0.05 0.30 0.02 0.02 0.01 10.08 13.27 0.07 0.00 0.00 0.06

0.02 + 54.29 + 0.13 unch 0.09 0.24 0.27 unch 35.18 0.02 + 0.24 0.19 0.64 0.10 0.31 0.42 0.09 unch 0.33 0.09 + 0.13 + 0.22 + 0.29 + 0.05 + 0.07 + 0.07 unch 0.17 + 0.04 0.05 0.07 + 0.09 unch 0.15 unch 0.04 0.03 unch 0.28 0.23 + 1.59 + 1.22 + 0.15 unch 0.00 unch 0.07 + 0.09 unch 0.09 + 0.04 0.35 unch 2.36 + 1.82 + 0.03 + 0.03 0.04 39.42 + 51.31 + 0.31 0.03 0.14 + 0.18 + 11.86 9.09 0.04 2.31 + 1.76 + 0.10 unch 0.07 0.09 0.83 unch 1.06 unch 0.04 0.03 0.01 0.10 0.08 unch 0.44 0.57 unch 0.27 0.13 unch 0.59 + 0.45 + 0.03 + 0.02 + 0.05 + 0.01 unch 0.08 + 0.06 unch 0.12 0.09 unch 0.01 0.03 unch 0.04 0.23 unch 0.05 unch 0.30 unch 0.02 0.02 unch 0.02 10.50 13.80 0.07 + 0.06 + 0.00 unch 0.08 +

0.00 0.61 0.00 0.01 0.04 0.00 0.82 0.00 0.02 0.01 0.01 0.06 0.03 0.04 0.00 0.02 0.01 0.02 0.02 0.03 0.01 0.02 0.00 0.06 0.02 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.02 0.38 0.30 0.00 0.00 0.01 0.00 0.01 0.02 0.00 0.07 0.10 0.01 0.01 0.01 1.00 1.14 0.01 0.02 0.02 0.02 0.51 0.41 0.01 0.24 0.17 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.05 0.03 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.36 0.37 0.01 0.02 0.00 0.02

0.03 54.49 0.32 0.24 0.41 0.34 44.71 0.12 0.94 0.72 1.32 0.39 0.45 0.54 0.09 0.60 0.15 0.23 0.39 0.50 0.11 0.15 0.17 0.70 0.08 0.10 0.27 0.36 0.25 0.26 0.18 1.20 0.26 2.77 2.07 0.21 0.00 0.08 0.11 0.18 0.13 0.40 2.55 1.94 0.05 0.07 0.06 39.49 51.50 0.36 0.04 0.21 0.24 18.50 14.33 0.28 3.31 2.53 0.16 0.24 0.32 0.87 1.18 0.23 0.18 0.03 0.17 0.11 0.48 0.63 0.37 0.36 0.72 0.55 0.03 0.03 0.14 0.02 0.18 0.13 0.58 0.32 0.05 0.12 0.17 0.37 0.14 0.43 0.08 0.08 0.06 19.91 26.30 0.22 0.16 0.00 0.11

0.00 28.77 0.08 0.06 0.17 0.13 28.40 0.00 0.25 0.18 0.55 0.10 0.19 0.23 0.04 0.30 0.08 0.10 0.10 0.14 0.03 0.05 0.05 0.09 0.03 0.05 0.05 0.08 0.11 0.04 0.02 0.14 0.12 0.82 0.61 0.11 0.00 0.03 0.04 0.05 0.03 0.22 1.18 0.86 0.01 0.02 0.03 29.06 40.01 0.22 0.01 0.04 0.07 11.00 8.22 0.04 1.81 1.35 0.05 0.04 0.08 0.73 0.94 0.03 0.02 0.01 0.08 0.06 0.22 0.30 0.15 0.06 0.52 0.39 0.01 0.00 0.03 0.01 0.06 0.04 0.08 0.07 0.01 0.02 0.03 0.21 0.04 0.25 0.02 0.02 0.01 6.62 8.62 0.05 0.04 0.00 0.05

(100s) Stock

Exc Volume

(100s) Stock

Week High

Low

0.03 0.00 0.10 0.09 0.06 0.23 0.18 7.21 5.51 1.60 2.07 0.16 0.13 0.10 0.28 0.05 0.08 0.11 0.12 0.17 0.21 0.06 0.60 0.46 0.00 0.07 0.01 0.00 0.03 0.02 64.72 49.65 0.10 0.13 0.00 0.04 0.05 0.05 3.28 2.44 0.10 0.04 0.06 0.03 0.00 0.07 0.05 0.04 0.12 0.09 0.08 0.05 0.05 0.01 0.30 0.23 0.06 0.13 0.04 0.05 0.60 0.46 0.10 0.03 0.00 0.00 0.12 1.10 0.80 0.00 0.46 0.35 2.47 0.05 0.06 0.38 0.28 0.22 0.30 0.35 10.14 13.31 0.41 0.52 3.13 0.05 0.00 0.05 0.28 0.21 0.00

Last

12-month Change

High Low

Northern Light Northisle C&G V Norvista Cap V NorZinc T NorZinc* O Nouveau Monde V Nouveau Monde*O NovaGold Res T NovaGold Res* X Novo Res* O Novo Res V NRG Metals V Nrthn Graphite V Nrthn Graphite* O Nrthn Lion V Nrthn Mnrls &E* O Nrthn Shield V Nrthn Superior* O Nrthn Superior V Nrthn Vertex* O Nrthn Vertex V NSS Res Inc Nthn Dynasty T Nthn Dynasty* X Nthrn Sphere* O Nubian Res V Nuinsco Res Nuinsco Res* O NuLegacy Gold V NuLegacy Gold* O Nutrien T Nutrien* N NV Gold* O NV Gold V NX Uranium* O NxGold Ltd* O NxGold Ltd V O.T. Mining* O OceanaGold T OceanaGold* O Oceanic Iron O V Oceanus Res* O Oceanus Res V Odyssey Res V Olivut Res V Olivut Res* O Omineca Mining V Omineca Mining*O One World Lith One World Lith* O Opawica Expl V Opawica Expl* O Opus One Res V Orbite Tech* O Orca Gold V Orca Gold* O Orefinders Res V Orestone Mng V Orex Mnrls* O Orex Mnrls V Orezone Gold V Orezone Gold* O Orford Mining V OrganiMax* O OrganiMax V Origin Gold V Original Sixtn* O Orla Mng Ltd T Orla Mng Ltd* O Oro East Mg* O Oroco Res V Oroco Res* O Orocobre T Oronova Energy V Orosur Mng T Orsu Metals V Orsu Metals* O Orvana Mnrls* O Orvana Mnrls T Osino Res V Osisko Gold* N Osisko Gold T Osisko Metals* O Osisko Metals V Osisko Mng Inc T Osprey Gold V Otis Gold V Otis Gold* O Outcrop Gold V Outcrop Gold* O OZ Minerals* O

3319 231 189 435 37 356 13 1268 12185 330 492 90 57 115 12 50 262 1 189 49 414 235 949 8729 15 118 48 72 660 318 8808 14200 73 68 11 70 461 21 7010 10 154 1 114 100 16 28 335 100 1535 129 50 1 128 64 375 139 293 111 1715 923 288 35 121 0 11 263 12 2106 10 537 349 82 125 496 279 136 6 158 1615 135 3152 1970 141 913 5389 385 437 71 158 34 6

0.06 0.07 0.11 0.09 0.07 0.25 0.18 7.99 6.13 1.78 2.33 0.23 0.14 0.11 0.28 0.05 0.09 0.11 0.14 0.19 0.25 0.07 0.75 0.58 0.00 0.08 0.01 0.01 0.04 0.03 69.71 53.34 0.11 0.14 0.24 0.04 0.06 0.08 3.54 2.55 0.10 0.04 0.07 0.03 0.10 0.10 0.05 0.04 0.26 0.21 0.08 0.05 0.05 0.02 0.36 0.27 0.07 0.16 0.04 0.06 0.66 0.50 0.12 0.03 0.09 0.12 0.13 1.35 0.91 0.00 0.49 0.37 2.65 0.07 0.07 0.39 0.30 0.30 0.41 0.37 10.78 14.05 0.46 0.61 3.69 0.05 0.09 0.07 0.30 0.24 6.82

0.05 + 0.06 0.11 + 0.09 unch 0.07 + 0.24 + 0.18 unch 7.98 + 6.13 + 1.78 + 2.33 + 0.18 0.14 + 0.10 0.28 unch 0.05 unch 0.09 + 0.11 unch 0.13 unch 0.18 0.23 0.06 + 0.60 0.47 0.00 0.07 0.01 unch 0.01 + 0.04 unch 0.03 + 65.06 49.94 0.10 0.13 0.24 0.04 unch 0.06 unch 0.08 3.40 2.52 0.10 + 0.04 0.07 + 0.03 unch 0.10 + 0.07 0.05 unch 0.04 0.14 0.11 0.08 unch 0.05 unch 0.05 unch 0.01 + 0.32 0.23 0.07 unch 0.14 0.04 0.06 unch 0.66 + 0.50 + 0.11 + 0.03 unch 0.09 + 0.10 0.13 + 1.33 + 0.91 + 0.00 unch 0.46 + 0.35 + 2.48 0.07 + 0.06 + 0.38 0.30 + 0.28 + 0.37 + 0.37 + 10.66 + 13.91 + 0.44 0.57 3.21 0.05 0.09 + 0.06 + 0.28 0.22 6.82 +

0.02 0.02 0.01 0.00 0.01 0.01 0.00 0.70 0.57 0.14 0.14 0.04 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.13 0.09 0.00 0.01 0.00 0.01 0.00 0.00 4.87 3.57 0.01 0.01 0.05 0.00 0.00 0.00 0.03 0.03 0.01 0.01 0.01 0.00 0.01 0.03 0.00 0.01 0.09 0.08 0.00 0.00 0.00 0.01 0.05 0.05 0.00 0.01 0.01 0.00 0.01 0.01 0.02 0.00 0.02 0.01 0.01 0.14 0.11 0.00 0.02 0.01 0.06 0.02 0.01 0.01 0.03 0.07 0.08 0.03 0.33 0.41 0.02 0.02 0.29 0.01 0.01 0.00 0.02 0.01 0.22

0.15 0.14 0.15 0.15 0.11 0.33 0.26 7.80 6.13 3.45 4.48 1.26 0.39 0.31 0.46 0.12 0.12 0.22 0.40 0.32 0.43 0.45 1.47 1.12 0.07 0.22 0.08 0.04 0.22 0.17 76.17 58.99 0.17 0.23 1.00 0.17 0.21 0.24 5.01 3.74 0.15 0.13 0.18 0.06 0.16 0.12 0.09 0.07 0.28 0.22 0.13 0.05 0.08 0.17 0.57 0.47 0.08 0.25 0.13 0.17 0.80 0.62 0.33 0.10 0.42 0.14 0.17 1.55 1.14 0.00 0.74 0.56 5.55 0.16 0.20 0.40 0.30 0.30 0.41 0.43 12.08 16.08 0.54 0.72 3.75 0.07 0.25 0.21 0.45 0.33 7.89

0.02 0.05 0.06 0.08 0.05 0.21 0.17 4.49 3.41 1.38 1.87 0.12 0.12 0.09 0.15 0.02 0.02 0.02 0.11 0.12 0.16 0.03 0.56 0.41 0.00 0.07 0.01 0.00 0.03 0.02 59.97 43.96 0.05 0.07 0.01 0.04 0.05 0.04 3.28 2.44 0.04 0.04 0.05 0.02 0.07 0.05 0.02 0.01 0.12 0.09 0.05 0.02 0.02 0.00 0.30 0.23 0.03 0.06 0.03 0.05 0.39 0.30 0.07 0.02 0.05 0.07 0.00 0.85 0.00 0.00 0.17 0.13 2.50 0.05 0.02 0.17 0.13 0.09 0.12 0.20 7.00 9.27 0.36 0.46 1.60 0.04 0.07 0.05 0.10 0.01 5.90

Pac Bay Mnrls V Pac Booker Min*O Pac Booker Min V Pac Imperial V Pac Iron Ore V Pac Ridge Expl V Pac Wildcat* O Pacific Empire V Pacific Rim Pacific Rim* O Pacific Silk V Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Paleo Resource V Paleo Resource*O Palladium One V Palladium One* O Pan Am Silver* D Pan Am Silver T Pan Andean Min*O Pan Global Res V Pancontinental* O Pancontinental V Panex Res* O Pangolin Dia V Panoro Mnrls V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold*X Paringa Res* O Paringa Res* D Parlane Res V Pasinex Res Patriot Gold* O Peabody Enrgy* N Pedro Res V Pelangio Expl V Pelangio Expl* O Peloton Mnrls* O Peloton Mnrls Perseus Mng T Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds*O Philex Mng* O Pine Cliff En T Pine Cliff En* O Pinecrest Res V Pistol Bay Mng V Pivit Explor PJSC Polyus Gd*O PJX Res V Plata Latina V Plate Res V Plateau Energy V Plateau Energy* O Platinum Gp Mt* X Platinum Gp Mt T Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portage Res* O Portex Mnrls* O

8 3 16 242 6 11 204 100 1397 174 1 1489 1923 66 26 1374 1332 2279 30 11559 1558 3 341 175 407 2323 517 38 1 44 87 5 126 128 22 1776 655 100 3821 1925 47 4 132 200 328 1 266 65 17 1 882 671 23 406 685 0 135 5 5 235 170 383 88 531 343 6 2194 55 2226 2

0.06 0.06 0.06 unch 1.61 1.20 1.31 1.93 1.50 1.73 0.02 0.02 0.02 unch 0.08 0.08 0.08 unch 0.05 0.00 0.05 + 0.00 0.00 0.00 + 0.07 0.07 0.07 unch 0.14 0.12 0.13 0.11 0.09 0.09 0.00 0.00 0.02 unch 0.17 0.15 0.16 0.11 0.10 0.11 + 0.29 0.00 0.27 0.25 0.19 0.21 0.05 0.01 0.02 0.03 0.00 0.02 0.10 0.08 0.08 0.07 0.07 0.07 unch 13.31 12.62 13.08 + 17.39 16.56 17.02 + 0.05 0.05 0.05 unch 0.10 0.09 0.09 0.04 0.04 0.04 unch 0.05 0.04 0.04 0.01 0.00 0.00 + 0.04 0.04 0.04 0.15 0.14 0.15 unch 0.01 0.01 0.01 unch 0.04 0.04 0.04 + 0.18 0.17 0.17 0.02 0.02 0.02 unch 0.89 0.83 0.86 0.08 0.07 0.07 4.87 3.50 3.60 0.16 0.10 0.12 + 0.05 0.03 0.05 + 0.07 0.05 0.06 24.25 22.30 23.24 0.19 0.16 0.19 + 0.17 0.16 0.16 0.11 0.11 0.11 unch 0.08 0.06 0.08 + 0.10 0.09 0.10 + 0.60 0.54 0.58 + 0.01 0.01 0.01 0.02 0.02 0.02 0.04 0.04 0.04 unch 0.26 0.25 0.26 + 0.04 0.04 0.04 unch 0.19 0.17 0.18 unch 0.15 0.14 0.14 + 0.17 0.17 0.17 unch 0.04 0.03 0.03 0.15 0.00 0.15 + 47.99 0.00 47.99 + 0.19 0.17 0.17 0.03 0.03 0.03 unch 0.03 0.03 0.03 unch 0.73 0.63 0.68 0.55 0.49 0.51 1.55 1.38 1.43 2.02 1.82 1.85 0.03 0.03 0.03 unch 0.04 0.03 0.04 unch 0.02 0.02 0.02 unch 0.48 0.41 0.42 0.65 0.54 0.56 0.00 0.00 0.00 0.00 0.00 0.00 unch

0.00 0.30 0.17 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.02 0.03 0.02 0.01 0.01 0.00 0.17 0.12 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.36 0.03 0.02 0.00 0.26 0.02 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.08 1.74 0.02 0.00 0.00 0.05 0.06 0.05 0.05 0.00 0.00 0.00 0.06 0.06 0.00 0.00

0.20 3.10 4.10 0.04 0.10 0.07 0.19 0.14 0.39 0.31 0.05 0.71 0.35 0.41 0.31 0.10 0.08 0.15 0.07 17.62 22.95 0.07 0.25 0.07 0.09 0.01 0.07 0.31 0.02 0.12 0.22 0.08 1.24 0.35 10.38 0.20 0.14 0.15 45.24 0.29 0.38 0.29 0.09 0.12 0.60 0.05 0.07 0.10 0.68 0.10 0.45 0.32 0.28 0.08 0.19 48.00 0.36 0.05 0.08 1.69 1.27 2.17 2.91 0.05 0.09 0.06 1.25 1.60 0.02 0.00

0.06 0.50 0.65 0.01 0.06 0.04 0.00 0.06 0.10 0.07 0.02 0.11 0.08 0.21 0.16 0.01 0.02 0.03 0.01 10.26 13.83 0.02 0.07 0.01 0.02 0.00 0.03 0.13 0.00 0.04 0.12 0.02 0.70 0.07 3.27 0.03 0.03 0.04 21.42 0.16 0.12 0.09 0.05 0.03 0.25 0.00 0.02 0.03 0.23 0.00 0.16 0.14 0.16 0.03 0.06 31.05 0.15 0.02 0.03 0.46 0.34 0.91 1.20 0.01 0.02 0.01 0.36 0.49 0.00 0.00

P-Q

Exc Volume

Week High

Low

Last

12-month Change

Portofino Res V Portofino Res* O Potash Ridge* O Potash Ridge T Power Group* O Power Group V Power Metals* O Power Metals V PowerOre V PPX Mining* O PPX Mining V Precipitate Gl* O Precipitate Gl V Premier Gold M T Premium Expl* O Pretium Res* N Pretium Res T Primary Energy Prime Meridian V Prism Res V Prize Mng* O Prize Mng V ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Project One Promithian Gl * O Prophecy Coal* O Prophecy Coal T Prosper Gold V Prospero Silvr V Prospero Silvr* O Provenance Gld Providence V Providence Gld* O PUF Vent Inc * O Puma Expl V Puma Expl* O Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Pure Nickel V Pure Nickel* O Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Precious V QC Precious * O QMC Quantum MlV QMC Quantum Ml*O QMX Gold* O QMX Gold V Quadro Res V Quantum Cobalt Quartz Mtn Res* O Quartz Mtn Res V Quaterra Res V Quaterra Res* O Quest Rare Mnl* O Quinto Res V

167 0 302 745 12 45 154 424 42 519 561 18 440 2399 773 10296 3539 820 3 107 44 313 144 114 89 154 85 0 377 1063 22 49 20 130 159 70 2844 349 25 11 1906 1203 487 995 814 628 127 9 9 1195 59 134 150 88 571 50 68 0 1 153 880 24 1049

0.04 0.03 0.04 unch 0.03 0.03 0.03 unch 0.05 0.04 0.04 + 0.07 0.06 0.06 0.08 0.06 0.06 0.11 0.09 0.09 0.08 0.06 0.06 0.10 0.08 0.08 0.09 0.00 0.09 + 0.05 0.05 0.05 0.07 0.06 0.07 unch 0.09 0.08 0.09 + 0.12 0.10 0.11 + 2.15 2.01 2.06 0.00 0.00 0.00 10.81 10.01 10.73 + 14.16 13.11 13.98 + 0.40 0.30 0.40 + 0.10 0.10 0.10 unch 0.03 0.03 0.03 0.02 0.01 0.01 + 0.03 0.02 0.02 unch 0.02 0.02 0.02 unch 0.96 0.00 0.94 1.29 1.17 1.27 unch 0.04 0.04 0.04 unch 0.23 0.20 0.20 0.00 0.00 0.05 unch 0.15 0.13 0.15 + 0.20 0.17 0.19 + 0.07 0.06 0.06 0.07 0.06 0.06 0.06 0.05 0.06 + 0.19 0.17 0.19 0.10 0.09 0.09 0.11 0.08 0.08 0.34 0.25 0.26 0.02 0.02 0.02 unch 0.01 0.01 0.01 unch 0.02 0.02 0.02 unch 0.07 0.04 0.05 0.08 0.06 0.07 0.45 0.41 0.43 + 0.58 0.54 0.56 + 0.05 0.04 0.05 unch 0.04 0.03 0.03 + 0.08 0.07 0.08 unch 0.17 0.14 0.17 + 0.22 0.00 0.22 + 0.37 0.34 0.34 0.29 0.26 0.26 0.18 0.17 0.18 + 0.15 0.12 0.14 + 0.06 0.06 0.06 unch 0.08 0.07 0.07 0.02 0.02 0.02 unch 0.06 0.00 0.05 0.00 0.00 0.23 unch 0.28 0.00 0.28 0.06 0.06 0.06 unch 0.05 0.04 0.04 unch 0.00 0.00 0.00 0.08 0.07 0.07 -

Rackla Mtls V Rackla Mtls* O Radisson Mng V Radius Gold V Rae-Wallace Mg*O Rain City Rainforest Res* O Rainy Mtn Royl V Rambler Metals*O Rare Element* O Rathdowney ResV Ravencrest Res Red Eagle Mng* O Red Moon Res V Red Oak Mg V Red Pine Expl V Redstar Gold V Redstar Gold* O Regulus Res V Renaissance Gd*O Renaissance Gd V Renforth Res Resolve Vent V Resource Cap* O Reunion Gold* O Reunion Gold V Revelo Res V Revival Gold * O Revival Gold V Rhyolite Res V Richmond Mnls V Ridgestone M’g V Rimrock Gold* O Rio Silver V Rio Tinto* N Rio Tinto* O Rio Tinto* O Rio2 Limited* O Rio2 Limited V Rise Gold Corp Rise Gold Corp* O Riverside Res V Riverside Res* O Rizal Res V RJK Explor V Robex Res V Rochester Res V Rock Tech Lith V Rock Tech Lith* O Rockcliff Met Rockex Mng Rockhaven Res V Rockridge Res V Rockshield Cap*O Rockwealth Res V Rodinia Lithm V Rogue Res V Rokmaster Res* O Rokmaster Res V Romios Gold Rs*O Romios Gold Rs V RosCan Gold V RosCan Gold* O Rotation Mnls V Roughrider Exp V Rover Metals* O Roxgold T Roxgold* O Royal Gold* D Royal Mines &M*O Royal Nickel* O Royal Nickel T Royal Rd Mnrls V Royal Std Mnrl* O RT Minerals V RTG Mining T Rubicon Mnrls* O Rubicon Mnrls T Rugby Mng V Running Fox Rs V Rupert Res V Rusoro Mng* O Rusoro Mng V

0 0 273 564 0 100 1 55 44 838 18 600 143 3 57 571 561 48 243 119 92 505 1 40 637 845 65 86 252 90 97 15 18206 168 9348 1 4 37 598 726 307 179 130 98 461 593 28 221 10 16 80 68 149 0 60 53 80 0 165 341 1232 1412 206 1016 31 20 7105 176 2289 226 971 5594 703 0 142 157 118 140 124 408 84 22 926

0.00 0.00 0.15 unch 0.10 0.00 0.10 unch 0.15 0.14 0.14 0.25 0.22 0.23 0.00 0.00 0.01 unch 0.07 0.06 0.06 unch 6.20 6.00 6.00 + 0.02 0.02 0.02 + 0.01 0.01 0.01 0.35 0.22 0.35 + 0.11 0.11 0.11 unch 0.52 0.48 0.50 0.00 0.00 0.00 unch 0.00 0.00 0.05 unch 0.05 0.00 0.04 0.05 0.04 0.04 0.03 0.03 0.03 unch 0.02 0.02 0.02 + 1.41 1.26 1.37 0.22 0.18 0.18 0.26 0.24 0.24 0.05 0.05 0.05 unch 0.00 0.00 0.10 unch 0.00 0.00 0.00 unch 0.21 0.14 0.19 + 0.27 0.19 0.24 + 0.02 0.02 0.02 0.50 0.44 0.45 0.65 0.00 0.59 unch 0.15 0.15 0.15 unch 0.03 0.03 0.03 + 0.23 0.22 0.23 + 0.00 0.00 0.00 unch 0.04 0.04 0.04 unch 61.54 60.22 60.71 + 60.50 0.00 59.80 + 0.00 0.00 74.50 unch 0.31 0.30 0.31 0.41 0.39 0.40 unch 0.07 0.06 0.07 + 0.06 0.05 0.05 + 0.17 0.15 0.15 0.13 0.11 0.12 0.02 0.01 0.02 unch 0.10 0.09 0.10 + 0.08 0.08 0.08 unch 0.03 0.03 0.03 unch 0.70 0.65 0.65 unch 0.40 0.40 0.40 unch 0.12 0.11 0.11 0.04 0.04 0.04 unch 0.14 0.13 0.13 0.21 0.19 0.20 + 0.00 0.00 0.06 unch 0.16 0.00 0.14 unch 0.04 0.00 0.04 0.09 0.00 0.09 + 0.00 0.00 0.03 unch 0.05 0.00 0.04 + 0.04 0.04 0.04 0.06 0.05 0.05 0.16 0.13 0.14 0.12 0.10 0.11 0.18 0.17 0.18 + 0.06 0.06 0.06 0.05 0.05 0.05 unch 1.08 0.99 1.08 + 0.84 0.76 0.81 + 110.28 104.18 109.97 + 0.00 0.00 0.00 + 0.49 0.43 0.45 0.63 0.56 0.58 0.18 0.00 0.16 0.00 0.00 0.01 unch 0.05 0.05 0.05 0.08 0.07 0.08 unch 0.64 0.57 0.62 + 0.84 0.75 0.79 + 0.16 0.15 0.15 0.02 0.02 0.02 unch 0.93 0.81 0.84 0.06 0.05 0.06 + 0.09 0.07 0.09 +

Sabina Gd&Slvr T Sabina Gd&Slvr*O Sable Res* O Sable Res V Sailfish Rylty V Saint Jean* O Saint Jean V Salazar Res* O Salazar Res V Salt Lake Pot* O Sama Res V Sama Res* O Samco Gold V Samex Mng* O San Gold Corp* O San Marco Res* O San Marco Res V Sanatana Res V Sanatana Res* O

603 479 31 259 142 14 33 3 429 5 210 47 81 348 97 2 273 507 120

High Low

0.00 0.30 0.03 0.00 0.03 0.03 0.00 0.08 0.02 0.01 0.11 0.03 0.01 0.18 0.01 0.01 0.85 0.07 0.01 0.30 0.05 0.02 0.39 0.07 0.01 0.16 0.05 0.00 0.08 0.03 0.00 0.11 0.05 0.01 0.12 0.03 0.01 0.15 0.04 0.10 2.85 1.39 0.00 0.01 0.00 0.65 10.81 6.53 0.78 14.16 8.59 0.06 1.10 0.08 0.00 0.11 0.07 0.01 0.06 0.03 0.00 0.15 0.01 0.00 0.27 0.02 0.00 0.04 0.02 0.00 1.12 0.68 0.00 1.45 0.91 0.00 0.10 0.03 0.03 0.30 0.20 0.00 0.10 0.01 0.01 1.97 0.09 0.01 0.74 0.11 0.01 0.18 0.06 0.01 0.13 0.04 0.01 0.09 0.04 0.01 0.39 0.10 0.01 0.20 0.08 0.04 0.16 0.06 0.05 0.64 0.06 0.00 0.07 0.02 0.00 0.06 0.01 0.00 0.06 0.02 0.01 0.16 0.03 0.01 0.20 0.05 0.02 0.62 0.36 0.02 0.81 0.49 0.00 0.05 0.01 0.00 0.04 0.00 0.00 0.11 0.06 0.03 0.20 0.14 0.04 0.30 0.12 0.02 0.44 0.22 0.01 0.31 0.16 0.02 0.41 0.16 0.02 0.32 0.12 0.00 0.08 0.03 0.01 0.12 0.04 0.00 0.08 0.02 0.01 0.20 0.04 0.00 0.69 0.22 0.03 0.78 0.27 0.00 0.13 0.05 0.00 0.10 0.04 0.00 0.01 0.00 0.02 0.10 0.02

R 0.00 0.00 0.01 0.02 0.00 0.00 0.01 0.01 0.01 0.10 0.00 0.03 0.00 0.00 0.01 0.01 0.00 0.00 0.03 0.01 0.03 0.00 0.00 0.00 0.06 0.05 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.00 0.66 1.20 0.00 0.01 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 5.29 0.00 0.01 0.02 0.03 0.00 0.01 0.00 0.05 0.02 0.04 0.00 0.09 0.01 0.01

0.20 0.12 0.15 0.47 0.01 0.14 9.20 0.04 0.04 0.60 0.15 1.09 0.15 0.12 0.08 0.08 0.04 0.03 2.30 0.22 0.30 0.05 0.13 0.03 0.17 0.27 0.03 0.69 0.91 0.26 0.06 0.30 0.00 0.06 64.02 62.00 74.50 0.71 1.15 0.12 0.10 0.32 0.24 0.05 0.23 0.12 0.06 1.35 0.91 0.19 0.10 0.19 0.39 0.17 0.20 0.15 0.26 0.07 0.13 0.07 0.09 0.33 0.23 0.25 0.15 2.01 1.15 0.97 110.28 0.01 0.90 1.18 0.21 3.14 0.10 0.16 1.26 1.73 0.32 0.03 1.12 0.32 0.42

0.06 0.05 0.09 0.09 0.01 0.06 3.50 0.02 0.01 0.03 0.03 0.38 0.00 0.01 0.04 0.03 0.02 0.01 1.25 0.11 0.15 0.02 0.07 0.00 0.10 0.12 0.01 0.32 0.44 0.15 0.02 0.15 0.00 0.03 44.62 43.47 50.48 0.24 0.31 0.05 0.04 0.13 0.10 0.01 0.04 0.07 0.03 0.54 0.40 0.08 0.01 0.09 0.19 0.04 0.11 0.04 0.06 0.03 0.03 0.02 0.04 0.05 0.09 0.07 0.06 0.04 0.72 0.55 70.16 0.00 0.05 0.07 0.06 0.01 0.05 0.07 0.46 0.61 0.13 0.01 0.75 0.04 0.06

0.08 0.08 0.00 0.03 0.00 0.01 0.01 0.00 0.01 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01

1.60 1.22 0.28 0.37 1.68 0.04 0.06 0.15 0.20 0.56 0.44 0.33 0.08 0.00 0.01 0.16 0.23 0.06 0.05

0.99 0.73 0.07 0.09 0.70 0.01 0.02 0.07 0.10 0.31 0.22 0.17 0.02 0.00 0.00 0.02 0.04 0.02 0.01

S 1.42 1.09 0.11 0.14 1.50 0.03 0.04 0.15 0.19 0.56 0.28 0.22 0.06 0.00 0.00 0.03 0.05 0.04 0.03

1.34 1.01 0.09 0.10 1.30 0.03 0.04 0.15 0.17 0.56 0.25 0.20 0.00 0.00 0.00 0.03 0.04 0.04 0.02

1.42 + 1.08 + 0.10 + 0.11 1.39 unch 0.03 + 0.04 + 0.15 unch 0.18 + 0.56 + 0.27 0.22 + 0.06 unch 0.00 + 0.00 unch 0.03 unch 0.05 unch 0.04 unch 0.02 -

(100s) Stock

Exc Volume

Sandfire Res V Sandfire Res* O Sandspring Res V Sandspring Res*O Sandstorm Gold T Sandstorm Gold*X Santa Fe Gold* O Santacruz Silv V Sarama Res V Sarissa Res* O V Satori Res O Satori Res* Saturn Mnrls V V Saville Res Scandium Intl* O Scandium Intl T Scorpio Gold V Scorpio Gold * O Scotch Creek V ScoZinc Mg Seabridge Gld T Seabridge Gld* N Search Mnls V Searchlight* O SearchlightMin* O SearchlightRes V Secova Mtls V V Sego Res Select Sands V T Semafo T Serabi Gold Serabi Gold* O Serengeti Res V T Sherritt Intl Shoshoni Gold V Sibanye-Stillw* N Sibanye-Stillw* O Sidney Resrces* O V Sienna Res Sienna Res* O Sierra Madre V Sierra Metals T Sierra Metals* X Sigma Lithium V Signature Res V Signature Res* O Silver Bear Rs* O Silver Bear Rs T Silver Bull Re* O Silver Bull Re T V Silver Grail Silver Mtn Mns V Silver Phoenix Silver Predatr V Silver Predatr* O Silver Range* O Silver Range V Silver Scott* O Silver Spruce* O Silver Spruce V Silver Viper* O V Silver Viper Silvercorp Met T Silvercorp Met* X X SilverCrest* V SilverCrest Silverstar Res* O V Sirios Res Sitka Gold Sixty North Skeena Res* O V Skeena Res V Sky Gold O Sky Gold* Skyharbour Res*O Skyharbour Res V V Slam Explor Sokoman Min V Sokoman Min* O T SolGold plc SolGold plc* O Solitario Ex&R* X Solitario Ex&R T Solstice Gold V Sonora Gld & S V Sonoro Mtls* O Sonoro Mtls V O South32* Southern Arc* O Southern Arc V Southern Copp* N Southern Silvr* O Southern Silvr V SouthGobi Res T Spanish Mtn Gd V Spanish Mtn Gd*O Sparton Res* O Sparton Res V Spearmint Res* O Spearmint Res Spey Resources V Sphinx Res Sprott Res Hld T Spruce Ridge R V V SRG Mining SSR Mining* D T SSR Mining St Augustine T St-Georges Eco St-Georges Eco*O Stakeholdr Gld V Stakeholdr Gld* O Standard Graph*O Standard Lith V Standard Metal* O Stans Energy V Stans Energy* O Star Diamond T Star Diamond* O O Star Gold* Star Mountain* O Starcore Intl T Starr Peak Exp V Steele Oceanic* O Stellar Africa V Stelmine Can V Steppe Gold T Stornoway Diam T Stornoway Diam*O Stratabd Mnr V Strateco Res* O Strategic Metl V Strategic Metl* O Strategic Min* O Strategic Res V Stria Lithium V Strikepoint Gd V Strikepoint Gd* O Strongbow Expl V Strongbow Expl*O V Stroud Res Stuhini Explor V Sulliden Mng T V Sun Metals Suncor Energy T Suncor Energy* N Superior Gold* O Superior Gold V Superior Mng V Supreme Metals Surge Copper V Surge Explor* O Surge Explor V O Syrah Res*

Week High

Low

632 966 309 157 1868 6703 153 480 106 3957 31 5 211 758 143 283 108 31 5 1 208 1996 371 20 43 515 690 41 205 4360 81 51 69 1285 388 13167 4 511 55 15 5 41 65 71 123 58 14 180 850 893 32 31 5 64 14 32 97 20 38 309 75 142 1147 2149 266 936 5 147 75 147 183 302 2417 13 210 217 129 2039 288 55 127 179 24 86 25 429 458 1 10 19 4095 75 243 3 313 94 33 277 78 189 174 398 122 74 152 4100 1322 21 975 18 24 20 1156 256 436 410 172 818 44 11 10 345 101 0 215 146 72 2423 135 3 12 103 35 55 15 72 2761 351 257 8 2502 46 822 1051 11381 13524 168 823 2002 3204 235 164 250 174

0.20 0.16 0.20 0.16 7.44 5.70 0.09 0.10 0.10 0.00 0.06 0.03 0.12 0.06 0.10 0.12 0.12 0.10 0.09 0.00 18.15 13.92 0.05 0.02 0.05 0.03 0.03 0.04 0.07 5.22 1.20 0.70 0.25 0.22 0.04 4.93 1.13 0.00 0.05 0.04 0.06 1.75 1.34 1.94 0.06 0.06 0.13 0.16 0.09 0.12 0.04 0.01 0.19 0.07 0.05 0.09 0.12 0.03 0.03 0.04 0.19 0.27 3.32 2.54 4.00 5.25 0.03 0.18 0.13 0.08 0.29 0.37 0.06 0.03 0.27 0.35 0.02 0.11 0.06 0.55 0.40 0.33 0.43 0.22 0.06 0.14 0.18 2.22 0.37 0.47 38.54 0.14 0.18 0.17 0.09 0.08 0.03 0.03 0.03 0.03 0.06 0.04 1.26 0.04 1.10 14.04 18.29 0.03 0.14 0.10 0.05 0.03 0.34 0.91 0.06 0.08 0.06 0.23 0.17 0.05 0.01 0.12 0.33 0.00 0.02 0.15 0.85 0.03 0.02 0.10 0.00 0.38 0.30 0.03 0.55 0.02 0.14 0.11 0.08 0.05 0.02 0.20 0.08 0.54 42.77 32.69 0.65 0.83 0.07 0.02 0.06 0.04 0.05 0.75

0.18 0.14 0.18 0.14 7.00 5.33 0.08 0.09 0.09 0.00 0.00 0.03 0.12 0.05 0.08 0.11 0.10 0.08 0.09 0.00 17.04 12.98 0.04 0.00 0.00 0.02 0.03 0.04 0.06 4.86 0.82 0.00 0.22 0.21 0.03 4.52 0.00 0.00 0.00 0.04 0.06 1.56 1.20 1.90 0.00 0.04 0.00 0.00 0.08 0.11 0.04 0.00 0.19 0.06 0.05 0.07 0.09 0.03 0.02 0.03 0.19 0.25 3.08 2.35 3.76 4.87 0.03 0.17 0.10 0.07 0.27 0.36 0.04 0.03 0.24 0.32 0.02 0.09 0.06 0.50 0.36 0.31 0.38 0.20 0.06 0.13 0.17 0.00 0.36 0.42 36.43 0.11 0.15 0.17 0.08 0.05 0.02 0.03 0.02 0.03 0.06 0.03 1.19 0.04 0.87 12.88 16.84 0.00 0.11 0.10 0.00 0.00 0.30 0.83 0.04 0.06 0.05 0.20 0.00 0.03 0.01 0.10 0.28 0.00 0.02 0.13 0.77 0.02 0.02 0.00 0.00 0.35 0.26 0.03 0.55 0.02 0.12 0.09 0.06 0.05 0.01 0.19 0.07 0.48 40.87 31.24 0.56 0.73 0.07 0.01 0.05 0.03 0.05 0.61

186 88 606 112 287 317 9 80 256 8 216 190 362

0.09 0.07 0.05 0.05 0.09 0.16 0.12 0.04 0.23 0.00 0.02 0.69 0.04

Last

12-month Change

High Low

0.20 + 0.16 + 0.19 0.14 7.41 + 5.69 + 0.09 + 0.09 0.10 unch 0.00 unch 0.05 0.03 unch 0.12 unch 0.05 0.09 0.12 + 0.12 + 0.09 + 0.09 unch 0.45 unch 18.02 + 13.84 + 0.04 0.02 unch 0.05 unch 0.02 unch 0.03 unch 0.04 unch 0.06 5.15 + 0.88 0.70 unch 0.24 + 0.22 unch 0.04 + 4.76 + 1.13 + 0.00 + 0.05 unch 0.04 unch 0.06 unch 1.56 1.20 1.94 + 0.06 0.05 0.11 0.13 0.09 + 0.12 + 0.04 + 0.01 unch 0.19 unch 0.06 0.05 unch 0.08 0.10 0.03 + 0.02 0.04 unch 0.19 unch 0.25 unch 3.26 + 2.50 + 3.87 5.02 0.03 unch 0.17 unch 0.13 + 0.08 + 0.27 + 0.37 + 0.06 + 0.03 unch 0.25 + 0.33 + 0.02 unch 0.10 + 0.06 unch 0.50 0.36 0.31 0.42 0.22 0.06 unch 0.13 0.18 2.22 + 0.37 unch 0.42 36.87 0.12 0.17 0.17 unch 0.09 + 0.07 + 0.03 + 0.03 unch 0.03 + 0.03 0.06 unch 0.03 1.21 0.04 unch 1.02 + 13.98 + 18.19 + 0.02 unch 0.14 + 0.10 + 0.05 unch 0.03 + 0.32 0.83 0.04 0.07 unch 0.06 0.21 0.16 0.05 + 0.01 unch 0.11 + 0.33 + 0.55 unch 0.02 unch 0.13 unch 0.80 0.03 + 0.02 + 0.10 unch 0.00 unch 0.37 + 0.29 + 0.03 unch 0.55 unch 0.02 unch 0.13 unch 0.10 + 0.06 0.05 0.01 0.20 unch 0.08 0.50 42.08 + 32.28 + 0.65 + 0.82 + 0.07 + 0.01 0.06 unch 0.03 unch 0.05 unch 0.68 +

0.03 0.02 0.02 0.01 0.16 0.15 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.58 0.53 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.18 0.13 0.00 0.02 0.00 0.01 0.31 0.08 0.00 0.00 0.00 0.00 0.18 0.12 0.02 0.01 0.00 0.01 0.03 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.06 0.04 0.04 0.09 0.00 0.00 0.03 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.02 0.00 0.04 0.03 0.02 0.01 0.02 0.00 0.01 0.02 0.01 0.00 0.01 1.29 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.05 0.00 0.03 0.76 0.89 0.00 0.01 0.00 0.00 0.00 0.01 0.07 0.01 0.00 0.00 0.02 0.00 0.02 0.00 0.02 0.05 0.00 0.00 0.00 0.05 0.01 0.00 0.00 0.00 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.01 0.98 0.83 0.07 0.10 0.01 0.01 0.00 0.00 0.00 0.03

0.22 0.25 0.35 0.28 7.84 5.92 0.14 0.12 0.12 0.00 0.10 0.07 0.30 0.07 0.24 0.32 0.16 0.11 0.13 0.90 20.10 15.30 0.06 0.15 0.07 0.07 0.11 0.07 0.51 5.45 1.25 0.79 0.60 1.14 0.08 4.94 1.27 0.01 0.11 0.10 0.15 3.66 2.73 2.40 0.12 0.10 0.18 0.23 0.14 0.19 0.10 0.02 0.22 0.12 0.07 0.13 0.18 0.06 0.05 0.06 0.21 0.28 3.73 2.86 4.30 5.40 0.15 0.28 0.18 0.24 0.52 0.70 0.10 0.06 0.44 0.57 0.05 0.58 0.45 0.76 0.58 0.54 0.60 0.27 0.10 0.16 0.20 2.98 0.47 0.62 49.56 0.20 0.26 0.18 0.09 0.09 0.09 0.12 0.08 0.06 0.16 0.07 2.20 0.13 1.43 15.17 20.00 0.03 0.25 0.19 0.20 0.11 1.10 1.77 0.23 0.08 0.06 0.38 0.29 0.30 0.03 0.17 0.33 0.96 0.05 0.19 1.44 0.48 0.35 0.39 0.01 0.44 0.35 0.03 0.70 0.05 0.24 0.18 0.23 0.17 0.02 0.30 0.29 0.65 55.47 42.55 1.04 1.36 0.10 0.04 0.14 0.13 0.17 2.34

0.06 0.05 0.15 0.11 4.60 3.48 0.04 0.05 0.05 0.00 0.04 0.03 0.09 0.03 0.08 0.10 0.01 0.01 0.09 0.39 13.65 10.40 0.03 0.01 0.01 0.02 0.02 0.03 0.06 2.24 0.45 0.65 0.12 0.17 0.03 2.02 0.53 0.00 0.04 0.03 0.06 1.55 1.20 1.59 0.05 0.05 0.07 0.10 0.07 0.09 0.02 0.01 0.03 0.06 0.04 0.05 0.07 0.01 0.01 0.02 0.07 0.07 2.43 1.83 1.97 2.60 0.01 0.12 0.04 0.03 0.19 0.27 0.03 0.02 0.23 0.31 0.02 0.05 0.00 0.35 0.27 0.19 0.26 0.11 0.04 0.07 0.07 2.14 0.20 0.27 29.01 0.08 0.11 0.10 0.05 0.03 0.02 0.03 0.00 0.02 0.04 0.03 0.98 0.02 0.64 8.11 10.71 0.02 0.04 0.03 0.03 0.02 0.29 0.67 0.02 0.02 0.01 0.17 0.13 0.02 0.01 0.07 0.09 0.55 0.01 0.09 0.59 0.02 0.01 0.06 0.00 0.28 0.21 0.03 0.16 0.02 0.11 0.08 0.06 0.05 0.01 0.19 0.07 0.12 35.53 25.81 0.33 0.44 0.06 0.01 0.04 0.02 0.03 0.57

0.08 unch 0.05 0.04 0.05 0.08 + 0.15 unch 0.12 + 0.04 unch 0.22 unch 0.00 + 0.01 unch 0.65 0.04 +

0.00 0.01 0.01 0.01 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.01

0.16 0.12 0.14 0.12 0.15 0.16 0.12 0.06 0.23 0.00 0.04 1.21 0.15

0.06 0.04 0.04 0.02 0.03 0.08 0.00 0.01 0.07 0.00 0.01 0.58 0.02

T Taiga Gold Taiga Gold* Tajiri Res Taku Gold* Taku Gold Talisker Res Talisker Res* Talmora Diamd Talon Metals Tamino Mnrls* Tango Mining Tanqueray Expl Tantalex Res

O V O O T O V V

0.07 0.05 0.00 0.05 0.05 0.14 0.12 0.04 0.21 0.00 0.01 0.62 0.03

2019-07-16 11:26 AM

GLOBAL MINING NEWS

Tanzanian Gold T Tanzanian Gold* X Taranis Res* O Taranis Res V Tarku Res V Tartisan Nick* O Tartisan Nick Taseko Mines T Taseko Mines* X Teck Res T Teck Res* N Teck Res T Telson Res * O Telson Res V Tembo Gold V Tembo Gold* O Teranga Gold T Teranga Gold* O Teras Res V Terraco Gold V Terrax Mnrls* O Terrax Mnrls V Terreno Res V Teslin Rvr Res V Tesoro Mnrls V Tethyan Res V Teuton Res V Teuton Res* O Texas Mineral* O Themac Res V Thor Expl V Thunder Mtn Gd*O Thunderstruck V Thunderstruck* O Till Capital V Timberline Res* O Timberline Res V Tinka Res V Tinka Res* O Tintina Mines V Tisdale Res V Titan Mining T Titan Mining* O Titanium Corp V TMAC Resource*O TMAC ResourcesT TNR Gold V Toachi Mg Inc* O Toachi Mg Inc V Tocvan Venture Tombstone Expl*O Tonogold Res* O Torex Gold* O Torex Gold T Torq Resources*O Torq Resources V Tower Res V Transatlantic V Transatlantic* O Transition Met* O Transition Met V Treasury Metal T Treasury Metal* O Trecora Res* N Tres-Or Res V Trevali Mng* O Trevali Mng T Tri Origin Exp V Trifecta Gold* O

310 2340 133 4 122 48 220 613 1262 6294 9078 10 140 163 31 25 1082 165 200 1535 30 299 41 865 36 489 963 5 489 5 27 34 105 40 1 323 136 1545 451 10 75 321 5 42 4 315 740 75 874 50 1542 13 57 1865 12 89 565 164 2000 56 104 425 53 159 38 1923 5555 160 5

1.56 1.20 0.06 0.07 0.03 0.03 0.04 0.71 0.54 28.75 22.04 29.07 0.27 0.35 0.02 0.02 4.44 3.37 0.05 0.13 0.34 0.43 0.03 0.48 0.05 0.50 0.25 0.18 0.39 0.06 0.17 0.10 0.05 0.04 2.20 0.10 0.10 0.25 0.19 0.05 0.14 0.40 0.27 0.81 4.88 6.50 0.03 0.05 0.07 0.09 0.01 0.23 11.50 15.11 0.36 0.50 0.05 0.03 0.01 0.15 0.20 0.28 0.22 9.63 0.20 0.22 0.29 0.01 0.02

1.26 0.96 0.04 0.00 0.02 0.03 0.03 0.64 0.50 27.52 21.04 27.75 0.26 0.30 0.02 0.02 3.99 3.08 0.04 0.12 0.31 0.41 0.03 0.44 0.05 0.41 0.20 0.18 0.28 0.06 0.15 0.06 0.05 0.04 1.95 0.06 0.00 0.22 0.16 0.04 0.10 0.33 0.27 0.77 0.00 5.90 0.02 0.04 0.07 0.09 0.01 0.21 9.89 12.97 0.00 0.44 0.05 0.00 0.01 0.14 0.18 0.26 0.00 9.24 0.17 0.19 0.25 0.01 0.02

THE NORTHERN MINER / JULY 22–AUGUST 4, 2019

1.36 1.06 0.06 + 0.07 unch 0.02 0.03 + 0.04 + 0.68 0.52 unch 28.26 21.68 28.26 0.26 0.33 + 0.02 unch 0.02 unch 4.25 + 3.26 + 0.05 + 0.13 + 0.31 0.42 0.03 0.46 0.05 unch 0.43 0.24 + 0.18 + 0.38 + 0.06 unch 0.15 0.06 0.05 unch 0.04 unch 1.95 unch 0.07 0.08 0.22 0.17 0.04 unch 0.14 unch 0.39 + 0.27 + 0.81 + 4.88 + 6.45 + 0.03 + 0.04 + 0.07 + 0.09 unch 0.01 + 0.23 + 11.03 + 14.33 + 0.36 0.45 0.05 + 0.03 + 0.01 unch 0.15 + 0.18 unch 0.28 + 0.22 + 9.49 0.20 unch 0.22 + 0.28 + 0.01 unch 0.02 +

0.08 0.06 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.56 0.40 0.74 0.01 0.03 0.00 0.00 0.14 0.12 0.01 0.01 0.03 0.02 0.01 0.02 0.00 0.07 0.05 0.05 0.05 0.00 0.01 0.03 0.00 0.00 0.00 0.01 0.02 0.02 0.01 0.00 0.00 0.07 0.00 0.01 0.44 0.55 0.01 0.01 0.02 0.00 0.00 0.01 1.11 1.25 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.01 0.02 0.08 0.00 0.01 0.01 0.00 0.00

1.56 1.20 0.09 0.12 0.05 0.06 0.08 1.41 1.06 34.49 26.40 34.20 0.56 0.77 0.04 0.03 4.80 3.64 0.12 0.13 0.36 0.50 0.05 0.60 0.07 0.85 0.25 0.18 0.57 0.09 0.19 0.14 0.11 0.08 2.56 0.13 0.16 0.50 0.39 0.08 0.62 1.42 1.05 1.20 5.66 7.52 0.06 0.12 0.15 0.12 0.02 0.25 13.52 18.21 0.41 0.54 0.13 0.16 0.10 0.17 0.23 0.48 0.37 15.45 0.35 0.66 0.88 0.04 0.08

0.34 0.25 0.03 0.05 0.02 0.02 0.02 0.60 0.44 23.90 18.17 23.89 0.22 0.28 0.01 0.01 2.97 2.23 0.04 0.06 0.25 0.33 0.02 0.37 0.05 0.14 0.10 0.07 0.10 0.03 0.13 0.03 0.04 0.03 1.45 0.00 0.07 0.22 0.16 0.02 0.10 0.31 0.27 0.47 2.71 3.57 0.02 0.02 0.04 0.08 0.00 0.00 5.74 7.52 0.25 0.32 0.02 0.02 0.01 0.07 0.06 0.21 0.15 6.69 0.15 0.19 0.25 0.01 0.02

Trifecta Gold V 4 Trigen Res* O 112 Trilogy Mtls* X 1308 Trilogy Mtls T 143 TriMetals Mng* O 26 TriMetals Mng T 170 Trinity Res* O 0 Trinity Valley V 149 Trio Resources* O 1478 TriStar Gold* O 36 TriStar Gold V 65 Triumph Gold V 324 Triumph Gold* O 353 Troilus Gold T 426 Troilus Gold* O 25 Troubadour Res V 312 Troy Res* O 2182 True Grit Res V 50 True North Gem*O 1 True North Gem V 43 Tsodilo Res V 56 Tudor Gold V 193 Tudor Gold * O 71 Turquoise HIl T 5688 Turquoise HIl* N 46654 TVI Pacific* O 31 TVI Pacific V 264 Tyhee Gold* O 288 Typhoon Expl V 88

0.04 0.28 3.06 4.00 0.05 0.07 0.00 0.12 0.00 0.14 0.17 0.53 0.40 0.81 0.63 0.07 0.06 0.01 0.08 0.10 0.13 0.47 0.34 1.60 1.22 0.01 0.01 0.00 0.03

0.00 0.24 2.58 3.39 0.04 0.06 0.00 0.11 0.00 0.12 0.16 0.43 0.33 0.73 0.56 0.06 0.06 0.01 0.08 0.05 0.12 0.42 0.31 1.38 1.05 0.00 0.01 0.00 0.03

0.04 unch 0.24 2.78 3.62 0.04 0.07 unch 0.01 unch 0.12 + 0.00 + 0.13 + 0.16 0.49 + 0.38 + 0.81 + 0.63 + 0.07 0.06 unch 0.01 0.08 unch 0.05 0.13 unch 0.47 + 0.33 1.41 1.08 0.01 0.01 unch 0.00 unch 0.03 -

0.00 0.01 0.28 0.38 0.01 0.00 0.00 0.02 0.00 0.00 0.02 0.03 0.03 0.01 0.01 0.01 0.00 0.01 0.00 0.05 0.00 0.04 0.01 0.18 0.15 0.00 0.00 0.00 0.01

0.12 0.44 3.13 4.10 0.08 0.10 0.20 0.12 0.01 0.17 0.25 0.80 0.60 1.29 0.93 0.25 0.11 0.07 0.14 1.00 0.54 0.48 0.38 3.90 2.97 0.01 0.02 0.00 0.05

0.04 0.19 1.48 2.03 0.02 0.03 0.01 0.04 0.00 0.07 0.09 0.31 0.23 0.40 0.40 0.06 0.06 0.01 0.00 0.05 0.12 0.20 0.15 1.38 1.05 0.00 0.01 0.00 0.02

U-V U.S. Gold* D U.S. Lithium* O U3O8 Corp* O U3O8 Corp T Ubique Mineral UC Res* O Ucore Rare Mtl V Ucore Rare Mtl* O UEX Corp T Ultra Lithium* O Ultra Lithium V Umbral Enrgy* O Unigold V Unigold* O United Battery* O United Battery United Res Hdg*O United States A* X United States S* N Unity Metals V Universal Cop V Universal Vent V Ur-Energy T Ur-Energy* X Uragold Bay Rs V Uranium Energy*X Uranium Hunter*O Uranium Res* D Uravan Mnrls* O Uravan Mnrls V UrbanGold Min V USCorp* O Val-d’Or Mg* O Val-d’Or Mg V Vale* N Valley High Mg* O ValOre Metals* O

507 13 115 71 3 196 584 1180 1456 56 153 136 324 108 148 131 533 130 69264 394 21 630 2113 16427 1488 22932 0 193 3 655 544 1040 1 1 99602 3744 65

1.10 0.95 1.05 + 0.29 0.18 0.25 + 0.10 0.08 0.09 0.14 0.00 0.12 0.00 0.00 0.08 unch 0.55 0.45 0.50 + 0.20 0.16 0.20 unch 0.16 0.12 0.15 0.18 0.17 0.17 0.07 0.06 0.06 0.08 0.08 0.08 0.42 0.35 0.37 + 0.17 0.13 0.14 0.13 0.11 0.12 0.02 0.01 0.02 0.03 0.02 0.02 0.07 0.05 0.07 + 0.64 0.57 0.62 + 14.74 13.18 14.15 0.44 0.35 0.35 0.07 0.00 0.07 unch 0.39 0.37 0.37 1.30 0.75 0.79 0.99 0.58 0.62 0.10 0.09 0.09 unch 1.48 0.91 1.07 0.00 0.00 1.00 unch 6.01 5.00 5.01 0.04 0.03 0.04 + 0.04 0.03 0.04 unch 0.15 0.11 0.12 unch 0.00 0.00 0.00 + 0.05 0.05 0.05 unch 0.08 0.08 0.08 unch 14.00 13.03 13.80 + 0.00 0.00 0.00 0.18 0.17 0.17 -

0.04 1.53 0.74 0.06 0.96 0.09 0.01 0.29 0.07 0.02 0.35 0.10 0.00 0.25 0.05 0.04 1.27 0.00 0.00 0.34 0.09 0.01 0.25 0.07 0.01 0.25 0.14 0.01 0.17 0.05 0.01 0.23 0.08 0.01 0.54 0.11 0.03 0.20 0.09 0.01 0.14 0.07 0.00 1.58 0.01 0.01 1.68 0.02 0.02 0.07 0.01 0.05 1.05 0.42 0.60 38.89 11.67 0.10 1.40 0.10 0.00 0.26 0.06 0.02 0.63 0.28 0.43 1.30 0.74 0.32 0.99 0.54 0.00 0.12 0.06 0.27 1.89 0.91 0.00 2.60 0.26 0.89 21.45 3.50 0.01 0.04 0.01 0.00 0.05 0.02 0.00 0.17 0.10 0.00 0.01 0.00 0.00 0.09 0.05 0.00 0.14 0.08 0.68 16.13 10.89 0.00 0.01 0.00 0.00 0.48 0.00

ValOre Metals V 122 Valterra Res* O 18 Valterra Res V 30 Vanadian Enrgy V 404 Vanadian Enrgy* O 67 Vanadium One* O 9 Vanadium One V 788 Vanadiumcorp* O 133 Vanadiumcorp V 198 Vanstar Mng Rs*O 50 Vanstar Mng Rs V 734 Vantex Res V 7 Vela Minerals V 12 Velocity Mnrls* O 206 Velocity Mnrls V 210 Vendetta Mng V 771 Vendetta Mng* O 80 Venerable Vent V 40 Venture Mnrls* O 100 Verde Potash T 111 Verde Res* O 4 Veris Gold* O 245 Vertical Expl V 51 Victoria Gold V 13095 Victory Metals V 241 Victory Metals* O 111 Victory Nickel 8 Victory Nickel* O 91 Victory Res 307 Virginia Enrgy* O 511 Virginia Enrgy V 463 Viscount Mng V 352 Visible Gold M V 30 Vision Lithium V 126 Vision Lithium* O 30 Vista Gold* X 507 Vista Gold T 25 Viva Gold V 97 Viva Gold* O 8 Vizsla Res V 93 Volcanic Gold V 65 Volt Energy V 123 Voltaic Min V 4 Voyageur Min* O 6 Voyageur Min V 45 VR Resources* O 66 VR Resources V 191 Vulcan Mnrls V 44 VVC Expl V 1457

0.24 0.02 0.02 0.04 0.03 0.08 0.10 0.05 0.07 0.17 0.24 0.26 0.17 0.33 0.41 0.10 0.08 0.06 0.02 0.57 0.04 0.00 0.05 0.41 0.61 0.47 0.03 0.01 0.03 0.09 0.10 0.21 0.09 0.06 0.05 0.81 1.06 0.31 0.22 0.19 0.30 0.06 0.26 0.07 0.08 0.14 0.15 0.04 0.05

Walker Lane* O Walker River* O Walker River V Wallbridge Mng T Warrior Gold* O Warrior Gold V Waseco Res V Wealth Mnrls V Wealth Mnrls* O Wescan Gldflds V Wesdome Gold* O Wesdome Gold T West High Yld V West Kirkland V West Kirkland * O West Red Lake West Red Lake* O

0.25 0.14 0.18 0.44 0.00 0.08 0.04 0.46 0.35 0.05 4.46 5.83 0.30 0.06 0.05 0.09 0.07

0.22 0.02 0.02 0.00 0.00 0.08 0.09 0.05 0.06 0.16 0.20 0.00 0.14 0.30 0.39 0.09 0.07 0.06 0.02 0.52 0.04 0.00 0.04 0.38 0.58 0.45 0.02 0.01 0.03 0.00 0.09 0.17 0.08 0.05 0.05 0.74 0.97 0.28 0.21 0.18 0.26 0.05 0.18 0.07 0.07 0.10 0.14 0.03 0.00

0.23 0.02 unch 0.02 0.04 + 0.03 0.08 unch 0.10 unch 0.05 + 0.07 + 0.16 + 0.20 0.26 unch 0.14 unch 0.30 0.41 + 0.10 + 0.08 + 0.06 unch 0.02 0.52 0.04 0.00 unch 0.04 + 0.39 0.58 0.45 0.03 unch 0.01 unch 0.03 unch 0.08 + 0.10 unch 0.17 0.08 + 0.06 + 0.05 unch 0.79 + 1.02 + 0.31 unch 0.21 0.18 + 0.30 unch 0.06 + 0.18 0.07 unch 0.08 0.10 0.14 0.04 + 0.04 unch

0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.05 0.00 0.00 0.01 0.01 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.03 0.01 0.01 0.00 0.03 0.04 0.00 0.03 0.01 0.00 0.01 0.08 0.00 0.01 0.02 0.02 0.01 0.00

0.68 0.03 0.04 0.18 0.13 0.21 0.29 0.15 0.14 0.19 0.36 0.40 0.27 0.33 0.43 0.22 0.17 0.13 0.02 1.25 0.10 0.01 0.15 0.55 0.77 0.57 0.05 0.04 0.12 0.28 0.37 0.29 0.11 0.40 0.30 0.92 1.24 0.48 0.40 0.20 1.05 0.15 0.28 0.10 0.12 0.24 0.34 0.07 0.05

0.11 0.01 0.02 0.03 0.01 0.04 0.06 0.04 0.06 0.07 0.08 0.14 0.14 0.09 0.13 0.09 0.07 0.06 0.01 0.53 0.00 0.00 0.03 0.30 0.38 0.45 0.01 0.01 0.01 0.06 0.08 0.15 0.04 0.05 0.04 0.37 0.56 0.25 0.20 0.13 0.14 0.03 0.13 0.04 0.05 0.09 0.12 0.03 0.02

0.25 0.14 + 0.18 0.43 + 0.04 unch 0.07 + 0.04 unch 0.41 0.32 0.05 + 4.37 + 5.69 + 0.22 0.06 + 0.05 + 0.08 0.05 -

0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.05 0.02 0.02 0.14 0.19 0.07 0.01 0.00 0.02 0.01

0.40 0.19 0.27 0.47 0.09 0.13 0.05 0.94 0.74 0.11 4.46 5.83 0.60 0.07 0.06 0.12 0.09

0.05 0.08 0.05 0.07 0.03 0.04 0.02 0.31 0.22 0.01 2.00 2.95 0.20 0.03 0.02 0.05 0.03

W-Z 1 236 385 5066 0 554 35 579 1831 18 625 2867 219 544 230 101 8

0.00 0.13 0.17 0.40 0.00 0.06 0.04 0.38 0.29 0.00 4.15 5.43 0.21 0.05 0.04 0.08 0.05

Western Atlas V Western Copper T Western Copper*X Western Mag V Western Mag* O Western Pac Rs*O Western Pac Rs V Western Potash T Western Res* O Western U&V Western U&V* O Westgold Res* O Westhaven Vent*O Westhaven Vent V Westkam Gold* O Westkam Gold V Westminster Rs V Westmoreland* O WestMountain* O Wheaton Prec M*N Wheaton Prec MT White Energy* O White Gold* O White Gold V White Metal R* O White Metal Rs V White Mtn Engy*O Whitehaven Coa*O Whitemud Res V Wildsky Res* O Wildsky Res V Winston Gold* O Winston Gold Winston Res Wolfden Res* O Wolfden Res V Wolfeye Res V Worldwide Res V X-Terra Res V Xanadu Mines T Xemplar Egy* O Xiana Mng V Ximen Mining V Ximen Mining* O Xtierra Inc V Xtra-Gold Res* O Xtra-Gold Res T Yamana Gold T Yamana Gold* N Yanzhou Coal* O Yorbeau Res T You Han Data* O Zadar Ventures V Zanaga Iron* O Zanzibar Gold Zara Res* O ZEN Graphene* O ZEN Graphene V Zena Mining V Zenith Explor Zephyr Mnls* O Zephyr Mnls V Zimtu Capital V Zinc One Res V Zinc One Res * O ZincX Res V ZincX Res* O Zonte Metals V Zonte Metals* O

62 85 209 1828 777 0 1 3603 117 190 243 0 201 636 98 1824 295 92 0 9706 3921 13 204 1018 23 452 4039 0 4 0 5 470 486 269 104 151 398 378 162 18 1 0 757 10 19 50 182 10228 54932 464 185 0 113 5 60 1632 30 293 14 8 35 58 58 1013 1588 283 100 244 5

0.06 0.06 0.06 0.90 0.85 0.90 + 0.69 0.65 0.67 + 0.25 0.19 0.23 + 0.19 0.14 0.18 + 0.00 0.00 0.17 unch 0.00 0.00 0.35 unch 0.55 0.29 0.33 0.41 0.25 0.25 + 1.32 0.87 1.18 1.01 0.66 0.92 0.00 0.00 1.03 unch 0.57 0.49 0.55 0.74 0.64 0.70 + 0.01 0.00 0.01 + 0.01 0.01 0.01 unch 0.04 0.00 0.04 0.01 0.01 0.01 + 0.00 0.00 3.00 unch 24.25 23.22 24.11 + 31.69 30.33 31.42 + 0.32 0.32 0.32 unch 1.05 0.91 0.94 1.38 1.19 1.24 0.05 0.03 0.05 + 0.06 0.05 0.06 + 0.04 0.02 0.03 0.00 0.00 2.91 unch 0.00 0.00 0.01 unch 0.00 0.00 0.09 unch 0.10 0.10 0.10 + 0.04 0.02 0.04 + 0.05 0.03 0.05 unch 0.03 0.02 0.02 unch 0.13 0.11 0.13 + 0.16 0.15 0.16 + 0.72 0.55 0.69 + 0.03 0.03 0.03 unch 0.10 0.09 0.10 unch 0.06 0.06 0.06 unch 0.00 0.00 0.00 unch 0.00 0.00 0.39 unch 0.79 0.63 0.74 + 0.60 0.48 0.60 + 0.05 0.05 0.05 unch 0.35 0.28 0.35 + 0.45 0.39 0.45 + 3.45 3.27 3.44 + 2.65 2.50 2.64 + 0.00 0.00 0.98 unch 0.04 0.03 0.03 unch 0.00 0.00 0.60 unch 0.13 0.11 0.12 + 0.13 0.13 0.13 unch 0.16 0.14 0.14 + 0.26 0.20 0.22 0.27 0.23 0.25 + 0.34 0.30 0.30 0.05 0.05 0.05 unch 0.20 0.19 0.19 unch 0.24 0.24 0.24 0.32 0.31 0.31 unch 0.22 0.22 0.22 unch 0.03 0.03 0.03 0.03 0.01 0.02 0.16 0.15 0.15 0.13 0.12 0.13 unch 0.24 0.22 0.22 0.17 0.17 0.17 unch

0.02 0.12 0.05 0.05 1.10 0.52 0.02 0.86 0.35 0.05 0.32 0.03 0.04 0.43 0.02 0.00 0.62 0.01 0.00 1.08 0.32 0.03 0.55 0.11 0.01 0.41 0.08 0.10 3.32 0.56 0.04 2.70 0.67 0.00 1.20 0.60 0.00 1.03 0.10 0.06 1.43 0.14 0.00 0.02 0.00 0.00 0.02 0.01 0.01 0.14 0.03 0.00 0.20 0.01 0.00 3.00 3.00 0.65 25.24 15.08 0.76 33.85 19.87 0.00 0.32 0.23 0.02 1.44 0.46 0.01 2.00 0.54 0.01 0.19 0.02 0.01 0.25 0.04 0.01 0.05 0.00 0.00 4.00 2.71 0.00 0.03 0.01 0.00 0.77 0.05 0.01 1.01 0.06 0.00 0.07 0.02 0.00 0.06 0.03 0.00 0.11 0.02 0.01 0.33 0.10 0.01 0.43 0.14 0.09 0.93 0.50 0.00 0.07 0.02 0.00 0.17 0.07 0.00 0.17 0.04 0.00 0.00 0.00 0.00 0.61 0.31 0.09 0.86 0.14 0.12 10.27 0.10 0.00 0.08 0.03 0.04 0.45 0.11 0.06 0.47 0.23 0.13 4.20 2.41 0.11 3.23 1.78 0.00 1.22 0.91 0.00 0.05 0.02 0.00 4.06 0.60 0.01 0.65 0.08 0.00 0.14 0.10 0.01 0.32 0.10 0.00 0.63 0.04 0.01 0.48 0.23 0.01 0.64 0.30 0.00 0.09 0.05 0.00 0.20 0.04 0.00 0.54 0.11 0.00 0.34 0.15 0.00 0.35 0.20 0.01 0.20 0.02 0.01 0.16 0.01 0.01 0.75 0.15 0.00 0.56 0.12 0.01 0.41 0.17 0.00 0.30 0.12

BID-ASK — JULY 8–12, 2019 12-MONTH STOCK

12 Exploration AEX Gold African Metals AJN Resources Alba Minerals Alchemist Mng Alexandra Cap Allante Res Altan Nevada Alturas Min American CuMo American Uran Amseco Expl Anconia Res Anglo-Bomarc Angus Ventures Antler Hill Arcturus Vent Argex Titanium Arrowstar Res Atlanta Gold Atlantic Indus Aurelius Min Austin Res Awale Res Balto Res Banro Corp* Barker Min BC Moly Bearclaw Cap Benton Res Benz Mining BHK Mining Black Bull Res Black Mammoth Bond Resources Boss Power Brigadier Gold Broadway Gold Brunswick Res Bullion Gold Cairo Res Calibre Mng Camrova Res Canada Coal Canadian Silv Canex Energy Caracara Silvr Cassius Vents CAT Strategic Central Iron Century Global Century Metals Cerro de Pasc Cerro de Pasc Cerro Mng Chinapintza Mg Cicada Vents CIM Intl Grp Cliffs Nat Res* Clydesdale Res Comet Inds Cons Woodjam Contintl Prec Copper Lake Rs Copper North M Copper One Copper Reef Mg CR Capital Crest Resource Cresval Cap CROPS Currie Rose Rs CWN M’g Acq Cyprium Mng Discovery Harb EastCoal Inc Edgewater Expl Electra Stone Empire Metals Endurance Gold ePower Metals Eros Res Corp Eros Res Corp Essex Minerals Eurotin Everton Res Evolving Gold Excalibur Res Fabled Copper Fengro Industr Fieldex Expl Finlay Minrls Finore Mng Fire River Gol

12-MONTH

EXC

BID

ASK

LAST

HIGH

LOW

STOCK

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

0.25 0.31 0.06 0.18 0.15 0.07 ... 0.20 0.04 0.01 0.06 0.06 0.05 0.01 0.08 ... 0.10 0.01 0.01 0.01 0.03 0.02 0.13 0.06 0.07 0.08 0.11 0.01 0.04 0.03 0.08 0.06 0.02 0.10 0.04 0.16 0.17 0.14 0.07 ... 0.06 0.32 0.65 0.05 0.03 0.01 ... 0.11 0.06 0.04 0.02 0.18 0.07 ... 0.32 0.26 0.02 0.01 0.19 1.45 0.02 2.60 0.05 0.35 0.02 0.03 0.11 0.02 0.05 0.08 0.03 0.02 0.06 0.04 0.03 0.04 0.06 0.10 0.01 0.13 0.03 0.30 0.07 0.07 0.05 0.01 0.03 0.08 0.09 0.01 0.02 0.10 0.04 0.12 0.03

0.40 0.33 0.09 0.25 0.16 0.07 ... 0.20 0.05 0.02 0.07 0.25 0.08 0.01 0.08 ... 0.10 1.00 0.01 0.01 0.04 0.02 0.14 0.14 0.11 0.10 0.11 0.01 0.07 0.03 0.08 0.07 0.02 0.18 0.06 ... 0.20 0.18 0.07 0.03 0.15 0.39 0.65 0.07 0.04 0.01 ... 0.11 0.09 ... 0.02 0.30 0.18 ... 0.32 0.45 0.02 0.01 0.30 3.20 0.14 3.50 0.05 0.38 0.02 0.04 0.15 0.02 0.06 0.10 0.03 0.03 0.07 0.07 0.03 0.04 0.15 0.14 0.02 0.20 0.04 0.30 0.10 0.10 0.06 0.03 0.03 0.08 0.10 0.33 0.03 0.10 0.04 0.12 0.07

0.20 0.33 0.06 0.21 0.16 0.06 0.50 0.16 0.04 0.02 0.06 0.06 0.05 0.01 0.15 0.29 0.10 0.08 0.02 0.12 0.03 0.02 0.14 0.08 0.08 0.10 0.11 0.01 0.06 0.03 0.06 0.06 0.02 0.10 0.02 0.15 0.17 0.15 0.08 0.03 0.10 0.30 0.58 0.07 0.03 0.06 0.17 0.11 0.06 0.04 0.02 0.18 0.06 0.29 0.32 0.29 0.02 0.01 0.19 1.43 0.04 3.15 0.05 0.30 0.02 0.04 0.15 0.02 0.06 0.08 0.03 0.02 0.06 0.07 0.03 0.04 0.06 0.09 0.01 0.14 0.04 0.15 0.07 0.07 0.06 0.01 0.03 0.08 0.10 0.08 0.02 0.19 0.03 0.11 0.09

0.20 0.53

0.20 0.24

0.22 0.28 0.08 0.93 0.20 0.09 0.02 0.11 0.07 0.29 0.03

0.05 0.04 0.04 0.25 0.10 0.02 0.01 0.05 0.06 0.01 0.01

0.45 0.20 0.15 0.06

0.15 0.08 0.05 0.02

0.05 0.04 0.15 0.13 0.15 0.15 2.10 0.02 0.06 0.05 0.07 0.09

0.03 0.01 0.03 0.05 0.06 0.05 0.10 0.01 0.03 0.03 0.04 0.05

0.11 0.20

0.02 0.11

0.25 0.18 0.05 0.47 0.39 0.75 0.09 0.10

0.05 0.06 0.02 0.09 0.24 0.30 0.06 0.02

0.25 0.13 0.08 0.15 0.05 0.22 0.11 0.34 0.37 0.42 0.03 0.02 0.63 7.17 0.08 3.60 0.09 0.46 0.04 0.07 0.18 0.03 0.08 0.16 0.05 0.05 0.12 0.11

0.11 0.08 0.04 0.04 0.02 0.11 0.06 0.12 0.22 0.26 0.01 0.01 0.19 0.98 0.02 2.60 0.03 0.30 0.01 0.03 0.10 0.02 0.02 0.08 0.02 0.02 0.05 0.03

0.08 0.30 0.16

0.01 0.05 0.06

0.23 0.07 0.31 0.11 0.11 0.12 0.13 0.04 0.10 0.11 0.09 0.12

0.11 0.03 0.15 0.07 0.07 0.03 0.01 0.02 0.07 0.01 0.04 0.02

0.05

0.02

Firebird Res Firestone Vent First Idaho First Mexican Five Star Diam Fort St J Nick Four Nines Freeport Res Full Metal Mnl Fusion Gold Gem Intl Res Generic Gold GFM Res Global Cop Grp Global Vanad Go Cobalt God’s Lake Res Goldbank Mng Goldbelt Emp Golden Cariboo Golden Harp Golden Lake Goldstream Mnl Graphite Egy Great Lakes Gr Great Quest Fe Green Arrow Green River Greenshield Ex Guerrero Vents Helio Res HFX Holding Highbury Proj Highvista Gold Highway 50 Gld Hornby Bay Mnl Hunt Mng IEMR Res Infinite Lith Inform Res Inspiration Mg Interconnect Intl Battery Intl Bethl Mng Intl Corona Intl Millm Mng Intl Prospect Iron South Mng Jaeger Res Jasper Mining JDF Explor Inc Jiulian Res Kal Minerals Kapuskasing Gd Karam Min Kenna Res Kings Bay Res Knick Expl La Imperial Latin American Latin Metals Le Mare Gold Leo Res Lithion Energy Lithium Energy Lovitt Res Lund Enterpr Madeira Mrnls MAG Silver* Magnitude Mng Mammoth Res Manado Gold Mariner Res Martina Mnls Mas Gold Meadow Bay Gd Melior Res Meridius Res Meryllion Res Mesa Expl MetalCorp Michelin Micrex Dev Midasco Cap MillenMin Vent Millstream Min Milner Con Slv Minecorp Egy Mineral Hill Minfocus Expl Minnova Corp Minsud Res MK2 Ventures Monster Uran Montana Gold

20-22_JULY22_StockTables.indd 23

EXC

V V V V V V C V V V V C V V V C C V V V V C V C V V V C V V V V V V V V V V V V C V C V V V V V V V C V C V C V V V C V V V C V V V V V X V V V C V V C V V C V V C V V V V V V V V V V V V C

BID

0.02 0.05 0.09 0.01 0.05 0.12 0.15 0.07 0.01 0.15 0.01 ... 0.05 0.07 0.17 0.08 5.60 0.08 0.01 0.05 0.12 0.12 0.05 0.30 0.05 0.10 0.02 0.05 0.13 0.03 0.04 0.05 0.25 ... 0.14 0.02 0.12 0.01 0.26 0.04 0.04 0.06 ... 0.02 ... 0.02 0.12 0.24 0.02 ... 0.04 0.03 0.08 0.03 0.05 0.13 0.04 0.01 0.02 0.01 0.03 0.05 ... ... 0.01 0.08 0.01 ... 12.52 0.15 0.02 0.01 0.18 0.05 0.09 0.02 0.22 0.15 0.01 0.02 0.01 0.06 0.02 0.19 0.01 0.04 0.05 ... 0.01 0.04 0.10 0.08 ... 0.06 0.09

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

0.03 0.06 0.25 0.01 0.08 0.20 0.25 0.08 0.10 0.24 0.02 0.20 0.10 0.08 0.24 0.10 5.75 0.24 0.01 0.06 0.17 ... 0.06 0.30 0.05 0.10 0.03 0.06 0.80 0.12 0.05 0.08 0.38 ... 0.20 0.03 0.12 0.02 0.29 0.07 0.04 0.09 ... 0.04 0.01 0.02 0.15 0.27 0.03 0.10 ... 0.04 0.20 0.04 0.12 0.16 0.04 0.01 0.25 0.02 0.04 0.06 ... ... 0.01 0.13 0.18 ... 13.30 0.22 0.03 0.01 0.24 0.12 0.09 0.02 0.34 ... 0.01 0.03 0.02 ... 0.02 0.19 0.50 0.06 0.07 ... 0.15 0.05 0.14 0.10 0.16 0.15 0.10

0.02 0.06 0.03 0.01 0.07 0.15 0.15 0.09 0.10 0.30 0.02 0.06 0.05 0.08 0.24 0.10 5.55 0.11 0.02 0.05 0.14 0.14 0.05 0.47 0.04 0.10 0.02 0.06 0.13 0.08 0.06 0.06 0.28 0.17 0.15 0.03 0.12 0.02 0.28 0.04 0.03 0.07 0.31 0.02 0.04 0.03 0.15 0.24 0.02 0.09 0.04 0.04 0.25 0.03 0.12 0.15 0.04 0.01 0.04 0.02 0.03 0.06 1.09 0.10 0.10 0.10 0.13 0.03 12.52 0.16 0.03 0.05 0.15 0.12 0.09 0.04 0.34 0.14 0.01 0.06 0.01 0.50 0.01 0.09 0.05 0.04 0.07 0.12 0.15 0.04 0.10 0.08 0.16 0.08 0.10

0.05 0.10 0.03 0.06 0.12 0.42 0.40 0.11

0.02 0.04 0.03 0.01 0.05 0.12 0.10 0.06

0.30

0.11

0.30 0.05 0.11 0.28 0.38 5.55 0.17

0.03 0.04 0.04 0.16 0.07 1.51 0.07

0.07 0.20 0.14 0.15 1.35 0.06 0.14 0.04 0.07 0.13 0.15 0.10 0.06 0.30

0.03 0.06 0.12 0.04 0.02 0.02 0.06 0.02 0.04 0.05 0.06 0.05 0.05 0.21

0.48 0.05 0.32 0.04 0.32 0.14 0.06 0.11

0.14 0.02 0.09 0.01 0.12 0.03 0.02 0.04

0.07 0.05 0.03 0.26 0.28 0.04 0.29 0.05 0.18 0.25 0.21 0.15

0.02 0.03 0.02 0.11 0.04 0.02 0.08 0.01 0.01 0.12 0.03 0.05

0.07 0.02 0.07 0.03 0.16 0.18

0.03 0.01 0.04 0.01 0.02 0.03

0.39 0.10 0.25 0.04 14.40 0.25 0.09 0.05 0.20 0.12 0.16 0.09 0.99 0.22 0.04

0.09 0.07 0.11 0.02 6.12 0.14 0.03 0.04 0.15 0.04 0.04 0.03 0.21 0.09 0.01

0.02 0.50

0.01 0.50

0.11

0.09

0.11 0.20 0.20 0.11 0.82 0.09 0.39 0.32 0.10

0.02 0.07 0.09 0.03 0.09 0.01 0.15 0.08 0.02

Montego Res Mountain Lake MX Gold Navy Res Nebu Res New Destiny Mg New Jersey Mng New Klondike New Oroperu New Stratus New World Res Newmac Res Northern Uran Nrthn Lion NSGold Opawica Expl Oriental Non F Pac Arc Res Pac Bay Mnrls Pac Cascade Pac Iron Ore Pacific Empire Pacific Silk Pan Andean Min Parallel Mng Patriot Gold Philippine Mtl Phoenix Gold Pinecrest Res Platinex Inc Prime Meridian Quadro Res Quantum Cobalt Rain City Rare Element* Rathdowney Res Razore Rock Res Regency Gold Reliant Gold Remington Res Resolve Vent Resource Cap Rhyolite Res Riley Resource Rochester Res Rockex Mng Rockland Mnls Rojo Res Rosita Mg Corp Ross River Rover Metals RTG Mining Rubicon Mnrls* Sage Gold Scotch Creek Sennen Potash Shamrock Ent Shine Minerals Sierra Madre Slave Lake Zn Sonora Gld & S Surge Explor Sutter Gold Tearlach Res Themac Res Thunder Mtn Gd Tiger Intl TomaGold Tri-River Vent Trident Gold Troy Enrgy Trueclaim Expl Ubique Mineral Upper Canyon Uravan Mnrls Val-d’Or Mg Vale* ValOre Metals Vangold Res Vatic Vent Vela Minerals Venerable Vent Waseco Res Westcot Vent Western Pac Rs Western Troy C Whitemud Res Xanadu Mines Xander Res Zara Res Zenith Explor Zimtu Capital Zinco Mng Zincore Mtls

EXC

BID

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

... ... 0.11 0.11 0.04 0.14 ... 0.01 0.31 0.10 0.25 0.05 0.01 0.23 0.07 0.06 ... 0.24 0.06 0.01 0.08 0.06 0.02 0.06 0.02 0.06 0.12 0.02 0.18 0.06 0.08 0.02 ... 0.06 0.11 0.05 0.06 0.13 ... 0.17 0.07 ... 0.15 0.20 0.03 0.03 0.07 ... 0.03 ... 0.05 0.08 ... 0.01 0.09 0.22 0.02 0.09 0.06 0.05 0.05 0.39 0.01 0.15 0.06 ... 0.06 0.06 ... 0.15 0.03 0.07 0.08 0.26 0.03 0.07 ... 0.06 0.05 0.06 0.15 0.06 0.04 ... 0.23 0.06 0.01 0.05 0.15 ... 0.14 0.22 0.05 0.03

ASK

LAST

0.01 ... 0.11 0.28 0.04 0.15 0.22 0.01 0.50 0.39 0.25 0.12 0.01 0.32 0.10 0.08 ... 0.49 0.08 0.02 0.09 0.07 0.03 0.08 0.03 0.10 0.12 0.02 0.22 0.06 0.11 0.03 ... 0.10 0.16 0.11 0.20 0.13 0.02 0.23 0.10 ... 0.23 0.28 0.04 0.04 0.08 0.19 0.04 0.26 0.06 0.10 ... 0.01 0.10 1.00 0.03 ... 0.20 0.08 0.06 0.44 0.01 0.24 0.06 ... 0.12 0.06 ... 0.20 0.07 0.11 0.10 0.26 0.04 0.09 ... 0.07 0.05 0.10 0.22 0.17 0.04 ... 0.44 0.15 0.02 0.06 ... ... 0.19 0.25 0.07 0.05

0.05 0.05 0.11 0.15 0.04 0.15 0.17 0.01 0.35 0.40 0.21 0.09 0.01 0.28 0.10 0.08 0.80 0.23 0.06 0.01 0.08 0.07 0.02 0.09 0.02 0.04 0.08 0.05 0.17 0.04 0.10 0.02 1.10 0.06 0.15 0.11 0.09 0.20 0.02 0.17 0.10 0.01 0.15 0.20 0.03 0.04 0.08 0.19 0.04 0.26 0.07 0.08 0.03 0.02 0.09 0.45 0.02 0.14 0.06 0.06 0.06 0.39 0.01 0.20 0.06 0.17 0.06 0.05 0.04 0.16 0.03 0.10 0.08 0.25 0.04 0.08 10.24 0.07 0.04 0.10 0.14 0.06 0.04 0.35 0.35 0.10 0.01 0.06 0.09 0.07 0.19 0.22 0.05 0.05

HIGH

0.31

LOW

0.03

0.24

0.15

0.25 0.26

0.11 0.15

0.40

0.22

0.30 0.10 0.02 0.46 0.15 0.13 1.05 0.45 0.20

0.13 0.06 0.01 0.15 0.07 0.05 0.80 0.20 0.06

0.10 0.14 0.05 0.12 0.08 0.10 0.14 0.07 0.28 0.10 0.11 0.08 3.15 0.14 0.89 0.15 0.11 0.23

0.06 0.06 0.02 0.03 0.02 0.04 0.04 0.04 0.16 0.03 0.07 0.02 0.20 0.06 0.06 0.03 0.06 0.14

0.26 0.13 0.05 0.26 0.41 0.06 0.10 0.11 0.30 0.08 0.26 0.10 0.16 1.35

0.16 0.07 0.01 0.15 0.15 0.03 0.01 0.01 0.10 0.03 0.10 0.03 0.07 0.03

0.13 0.45 0.06 0.16 0.15 0.13 0.10 0.23 0.02 0.28 0.09 0.17 0.17 0.07

0.09 0.45 0.02 0.08 0.06 0.06 0.04 0.03 0.01 0.03 0.03 0.14 0.05 0.04

0.18 0.04 0.20 0.25 0.38 0.05 0.14 11.10 0.13 0.14 0.17 0.27 0.13 0.05

0.14 0.01 0.07 0.05 0.17 0.02 0.08 6.57 0.07 0.03 0.06 0.14 0.06 0.02

1.08 0.10 0.03 0.17 0.14 0.22 0.20 0.35

0.32 0.03 0.01 0.04 0.03 0.07 0.04 0.20

0.08

0.03

2019-07-16 11:26 AM

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2019-07-16 11:31 AM