The Northern Miner July 23 2018 Issue by The Northern Miner Group

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Bluestone’s Cerro Blanco takes shape in Guatemala GOLD

| Past owners Goldcorp, Glamis sunk US$170M into development

Anaconda withdraws takeover bid for Maritime GOLD

| Will continue to look for assets in Atlantic Canada BY RICHARD QUARISA rquarisa@northernminer.com

naconda Mining (TSX: ANX; US-OTC: ANXGF) has withdrawn its hostile takeover bid for Maritime Resources (TSXV: MAE; US-OTC: MRTMF) after Maritime’s recently completed, $1.5-million private placement. It ends Anaconda’s five-month-long pursuit of Maritime. Anaconda launched its hostile bid in April. It says it was unable to engage Maritime management on friendly terms after submitting a takeover proposal in January. See ANACONDA / 2

Bluestone Resources’ Cerro Blanco gold project, 160 km southeast of Guatemala City near the El Salvador border. BLUESTONE RESOURCES

BY TRISH SAYWELL tsaywell@northernminer.com

hen John Robins, founder and chairman of Kaminak Gold, sold the junior to Goldcorp (TSX: G; NYSE: GG) for $560 million in 2016, the exploration geologist and entrepreneur let it be known that if at some point the gold major was interested in selling any of its assets, it should let him know. So when he learned that Goldcorp was planning to divest two projects in southeastern Guatemala — a gold project called Cerro Blanco and an adjacent geothermal energy project — Robins hopped on a

flight to Guatemala City to do his due diligence. What he found impressed him enough to make an offer on behalf of Bluestone Resources (TSXV: BSR; US-OTC: FNNZF), where he holds the post of executive chairman. Goldcorp and Cerro Blanco’s other previous owner, Glamis Gold, had spent US$170 million developing the fully permitted project. (Goldcorp acquired Glamis in 2006.) Their work included two underground declines, 3 km of underground development, two Alimak vent raises, dewatering infrastructure and a water-treatment facility. The previous operators had also drilled 155,500 metres in 522 holes. A resource estimate confirmed

that the deposit contained 1.24 million oz. gold and 4.47 million oz. silver (3.7 million indicated tonnes grading 10.2 grams gold per tonne and 36.5 grams silver per tonne). Cerro Blanco, 160 km southeast of Guatemala City near the border with El Salvador, is also just 7 km from the Pan American Highway, and electricity can be accessed by installing a 69 kV overhead power line from an existing substation on the property. After his due diligence trip in the fourth quarter of 2016, Robins and Goldcorp reached a deal in January 2017. Under the agreement, Bluestone acquired the project for US$18 million in cash, Bluestone shares and a 1% net smelter return royalty. (Bluestone will also pay

Goldcorp another US$15 million after the mine is in production for six months, which should be offset by a VAT credit.) Under the deal Bluestone also bought mining-related equipment from Goldcorp’s Marlin mine — Guatemala’s first large gold mine — which had recently closed after operating since 2005. For US$2 million, Bluestone picked up 12-megawatt generator sets, scoop trams, jumbos, bolters and underground drills. As part of the transaction, Bluestone also completed a preliminary economic assessment, which showed Cerro Blanco could produce 952,000 oz. gold and 3.14 million oz. See BLUESTONE / 8

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Anaconda Mining’s Goldboro gold property in Nova Scotia. ANACONDA MINING

Operations at Anaconda Mining’s Point Rousse gold mine in Newfoundland. ANACONDA MINING

Anaconda withdraws takeover bid for Maritime ANACONDA From 1

Maritime countered, saying it was “disappointed with Anaconda’s tactics” and had “expressed consistent willingness to consider Anaconda’s unsolicited approach.” “We were offering a premium of around 16¢, and we didn’t want to approve or condone their defensive tactic,” Anaconda president and CEO Dustin Angelo says in an interview with The Northern Miner. “They were diluting their own shareholders, and we decided it was time to let it go, because we couldn’t see getting a deal done.” Earlier, Anaconda proposed increasing its offer 28% to 21¢ per Maritime share. Shares of Maritime are now valued at 8¢, within a 52week range of 8¢ to 14¢. Maritime received 52% shareholder consent for the private placement. It later said most of its shareholders disagree that the private placement was a defensive tactic. Maritime’s f lagship asset, the past-producing Hammerdown gold project, is located 100 km south of Anaconda’s Pine Cove mill in Newfoundland’s Baie Verte peninsula. The project contains 727,500 measured and indicated tonnes grading 11.59 grams gold per tonne for 271,100 oz. gold, as well as 1.76

million inferred tonnes grading 7.68 grams gold for 436,000 oz. gold. The company recently drilled 1,700 metres at Hammerdown. The campaign tested near-surface potential at the project, and Maritime will try to develop an open-pit resource. Maritime received its final permit to dewater the underground workings at Hammerdown in March. The company could drill again after it dewaters the underground ramps, focusing on upgrading the inferred resource to the measured and indicated categories. Maritime also has its Orion gold deposit, 1.5 km south of Hammerdown. Orion contains 1.09 million indicated tonnes grading 4.47 grams gold for 157,500 oz. gold and 1.28 million inferred tonnes at 5.44 grams gold for 225,100 oz. gold. “It has always been contemplated that Maritime’s mine would use a third-party mill,” Angelo says. “And they have an underground resource that would be significant feed to our mill over and above what we’re already producing.” Angelo says Anaconda has been looking for assets to acquire in Atlantic Canada for the last three years — and will continue to look. The company is after projects that have a National Instrument 43-101 compliant resource and are near

Nuna Group of Companies

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“THEY WERE DILUTING THEIR OWN SHAREHOLDERS, AND WE DECIDED IT WAS TIME TO LET IT GO BECAUSE WE COULDN’T SEE GETTING A DEAL DONE.” DUSTIN ANGELO PRESIDENT AND CEO, ANACONDA MINING

development. “If we can leverage our own infrastructure, that would be an added bonus,” Angelo says. While trying to acquire Maritime, Anaconda finished mining its Pine Cove pit and began transitioning to its Stog’er Tight West pit. It produced 32,833 tonnes from Stog’er Tight during ramp up in this year’s second quarter, but expects the number to rise in the third and fourth quarters. It has turned Pine Cove into an in-pit tailings storage facility with a 15-year capacity based on a 1,350-tonne-per-day

Anaconda Mining’s president and CEO Dustin Angelo speaking at The Northern Miner’s 2018 Canadian Mining Symposium in London. THE NORTHERN MINER

throughput rate. Anaconda has operated between 1,200 tonnes per day and 1,400 tonnes per day for the past year. Anaconda produced 4,632 oz. gold during 2018’s second quarter — a 4.4% increase over the same period last year. In the first half of 2018, it produced 8,925 oz. gold — an 8.7% increase over the comparative period in 2017. It sold 4,330 oz. gold in the

second quarter. Anaconda’s grade fell during the second quarter to 1.38 grams gold from 1.49 grams gold, compared to the second quarter of the previous year, which it says owes to mill throughput coming from stockpiled Pine Cove ore. It expects higher grade in the second half of 2018, when it sources ore from Stog’er Tight. The company also did a $4.5-million private placement in June that it says it will use to continue drilling. It intends to resume drilling its Goldboro gold project in Nova Scotia in “the next couple weeks.” The 15,000-metre campaign will include a combination of infill and step-out drilling, as the company moves toward a feasibility study in mid-2019. The company is still releasing results from the nearly 12,000-metre Goldboro drill campaign it started last October. Highlights include 3.64 grams over 1 metre from 34.9 metres downhole, 29.59 grams over 0.5 metre from 421.8 metres downhole and 4.82 grams over 3.6 metres from 384.7 metres downhole. The company is expanding the deposit in all directions. It has intersected wide mineralization zones that span a 100-metre strike distance. “If we can continue to chase it down and it exists further east and west, it potentially could change the economics and the profile of the deposit,” Angelo says. Shares of Anaconda are trading at 35¢ with a 52-week range of 22¢ to 56¢. The company has a $41-million market capitalization. Maritime has a $7-million market capitalization. TNM

2018-07-17 8:35 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

Nickel Creek rethinks Nickel Shaw in Yukon YUKON

| New metallurgical studies point to benefits of separating concentrates

BY RICHARD QUARISA rquarisa@northernminer.com DAWSON CITY, YUKON

ickel Creek Platinum (TSX: NCP; US-OTC: NCPCF) is wrapping up a new round of metallurgical testing at its Nickel Shaw polymetallic project near Destruction Bay, Yukon, 317 km northwest of Whitehorse, and says it will announce the results by the end of July. The company will then package the study into a preliminary economic assessment it aims to table this fall. “Any previous technical reports that were done have now been thrown out the window and we advise not to look at them,” Nickel Creek vice-president of corporate development Graeme Jennings says in an interview with The Northern Miner on a sunny day in Dawson, Yukon. He sits next to Heather White, the company’s chief operating officer, in a big tent at a conference held by the Yukon Mining Alliance. “These will be the first real economics coming out on this project,” he adds. The company ran more than 8,800 lb. of samples through a mini pilot plant to determine how to separate a bulk nickel-copper concentrate into two concentrates in what Jennings calls a “basically feasibility level of metallurgy testing.” “It’s a straightforward open pit,” Jennings says. “So if we can de-risk the metallurgy to a near feasibility degree, I believe that will significantly de-risk the overall company.” Although Nickel Creek ’s deposit has been around for a long time — and was mined brief ly by Hudbay Minerals (TSX: HBM; NYSE: HBM) in the 1970s — the company redid its technical work last year, including its first-phase metallurg y, where it proved it could produce a bulk concentrate. It says that while it could ship the concentrate as-is to a smelter, it could improve the project’s economics by first separating the concentrate. The process would require a couple more flotation tanks, but no new technology or significant capital expenses. “You just take your bulk con, you ref loat it and clean it, add some reagents, aerate it, and you can separate it into two products,” White says. “There’s no other tailings stream, so you’re talking about very little volume.” “It’s tricky to find out the right chemistry,” Jennings follows. “But for that little bit of extra capital,” White adds, “you get huge upside on your payables for your copper.”

“WITH THE ELECTRIC VEHICLE REVOLUTION OCCURRING AND THE DEMAND FOR NICKEL, COPPER, AND COBALT AS URBANIZATION COMMODITIES, THE TIMING IS RIGHT FOR THIS PROJECT.” GRAEME JENNINGS VP OF CORPORATE DEVELOPMENT, NICKEL CREEK PLATIUM

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Nickel Creek Platinum’s Nickel Shaw polymetallic project near Destruction Bay, Yukon. NICKEL CREEK PLATINUM

White joined the company in August 2017, bringing more than 20 years of nickel-business experience with her, after being involved with companies such as Vale Canada and NovaGold Resources (TSX: NG; NYSE-AM: NG). While previous management had targeted the project’s platinum group metals (PGMs), according to Jennings it was White who came in and said, “This is a nickel project.” He adds that when nickel prices were lower, targeting platinum made more sense. But spot nickel prices have risen over the last year. A pound of nickel in June 2017 cost little more than US$4. The price now hovers close to US$7 per pound. “With the electric vehicle revolution occurring and the demand for nickel, copper, and cobalt as urbanization commodities, the timing is right for this project,” Jennings says. “The key is that all that growth in the nickel segment has to come from high-quality, battery-grade nickel projects.” There are two types of nickel projects: laterites and sulphides. Laterites, found in hot climates, are typically inappropriate for producing battery-grade nickel. They yield large amounts of a low-grade concentrate. But Nickel Shaw is a sulphide project. “Sulphide projects are simple,” Jennings says. “You take the rock, put it through a flotation and you have battery-grade nickel. That demand growth, all of that has to come from primarily sulphide mines and sulphide projects, like ourselves.” On a top-line revenue basis, Nickel Shaw is 55% tied to nickel, 15% to copper, 20% to PGMs and 10% to cobalt. Those numbers are contingent on metal prices, however. For example, Jennings says he calculated the cobalt revenue using a US$23 per lb. long-term cobalt price. Now it’s around US$35 per pound. As of a June 2017 resource estimate, Nickel Shaw contains 326 million measured and indicated tonnes grading 0.26% nickel, 0.14% copper, 0.24 gram platinum per tonne, 0.24 gram palladium, 0.04 gram gold and 150 parts per million cobalt for 2.08 billion lb. nickel, 1.09 million lb. copper, 2.69 million oz. platinum, 2.84 million oz. palladium, 470,000 oz. gold and 121 million lb. cobalt. The project also has substantial inferred resources. Nickel Creek can access the 2.1 km strike length deposit using a 14 km, all-season access road that runs off the Alaska Highway. The

Yukon government maintains the access road, which it originally built for placer miners. White says there are “two or three” placer miners still active in the area. The project is 30 km from the nearest airport, and a three-hour drive from Whitehorse. It’s also a

4.5-hour drive from Alaska’s Haines port, and a 5.5-hour drive from Alaska’s more developed Skagway port. “The upside to Skagway is there’s an existing port there, and facilities,” White says. “It would need to be upgraded, but there’s no infrastructure

at Haines.” White says Nickel Creek would need help from Alaska or other miners in the area to make Haines a suitable port. “If we all band together, I think there’s a great opportunity to make Haines into something,” she says. She adds that for the time being Skagway is the more realistic option to put in a study. The company is also exploring other transportation options, like trucking concentrate to Fort Nelson, B.C., and railing it across Canada to Sudbury. Nickel Creek has $6 million in cash. It is carrying out geophysical surveys this year at Nickel Shaw, saying it didn’t want to do a big exploration program until it had the metallurgy “tied down.” Shares of Nickel Creek are trading at 20¢ within a 52-week range of 18¢ to 35¢. The company has a $52-million market capitalization. Its biggest shareholder, Electrum Strategic Opportunities, owns 26% of the company. “Electrum’s original interest was in a platinum-palladium project in North America,” Jennings says. “85% of the world’s PGM production comes from just South Africa and Russia, so it has that strategic element.” TNM

2018-07-17 8:35 PM

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GLOBAL MINING NEWS · SINCE 1915

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E D I T O R IA L Gren and Eira Thomas share secrets to success DIAMONDS

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: John Cumming, MSC (GEOL) jcumming@northernminer.com SENIOR STAFF WRITER: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com STAFF WRITERS: Colin Desmond, BA, (ECON) cdesmond@northernminer.com Richard Quarisa, BA, MA (JOUR & COMM) rquarisa@northernminer.com Lesley Stokes, BSC (GEO) lstokes@northernminer.com COPY EDITOR: Isa Cunanan, HBSC (PROFESSIONAL WRITING, HEALTH SCI COMM)

icunanan@northernminer.com PRODUCTION EDITOR: David Perri, BA dperri@northernminer.com ONLINE EDITOR: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: Laura Arnold (416) 510-5135 (Toll free) 1-888-502-3456 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 38 Lesmill Road, Unit 2 Toronto, ON, M3B 2T5 (416) 510-6789 tnm@northernminer.com Western Bureau: 303 West 5th Avenue Vancouver, BC, V5Y 1J6 (604) 688-9908 SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: US$120.00 one year Foreign: US$157.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 38 Lesmill Road, Unit 2 Toronto, ON M3B 2T5 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, 38 Lesmill Road, Unit 2, Toronto, ON M3B 2T5.

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| Discovery remains a group effort

anadian diamond mining icons Grenville Thomas — co-discoverer of the Diavik mine in the Northwest Territories — and his daughter Eira Thomas were featured guests at The Northern Miner’s inaugural Diamonds in Canada Symposium, sitting down for an in-depth interview with Diamonds in Canada editor Alisha Hiyate. BY JOHN CUMMING While Gren is now chairman of Arctic jcumming@northernminer.com diamond explorer North Arrow Minerals and Eira is president and CEO of producer Lucara Diamond, the interview touched on how they both got into mining, the excitement of the Diavik discovery and tips for a successful career. Harkening back to his youth in Wales where he started working in coal mines at age 16, Gren noted that “it was a job” and “in those days, people my age — I suppose you’d call them children today — didn’t have much choice in what they did. The point was, you had to get a job. I could have ended up being a historian, I suppose, or a poet or a singer, maybe. That is one of the problems I see today: children are so relatively well off, they aren’t obliged to make a decision to do anything.” He said he could have gone into the steel industry, or oil or manufacturing, “but I chose mining, because there was more money in it. I was fortunate I ended up doing something I really enjoyed all my life. I’m not saying I couldn’t have done something else I would have enjoyed all my life, too. But I think it was fate.” Gren moved to Canada after graduating from University College, Cardiff, in 1964, to get more experience in metal mines. He worked in Sudbury for Falconbridge and was soon transferred to Yellowknife to work at the Giant mine. Though an engineer, he said it was in the Territories he “got the bug” for exploration. “You’re out there getting paid to ride in a canoe and walk around, with wolves and so on. Stuff I’d imagined as a schoolboy. Adventures.” Asked if he had any advice for diamond exploration juniors, after a long pause, Gren sighed, “Not really.” But then he answered, “You’ve got to get out and explore. You’ve got to drill, essentially. Unless you drill, you’re not going to find anything. “But I can’t give advice because I’m old in the tooth and don’t understand a lot of the new ways of raising money, like crowdfunding, and all this stuff that’s done online. That is where the future will be, of course. But I think exploration will still be done by the small companies. While acknowledging interest in diamond exploration is “fairly weak” today, Gren struck an upbeat note: “We need a price increase, and listening to the talks here today, that is probably long overdue. That will reignite activity in the sector.” Eira acknowledged her father was “a huge influence” on deciding to make mining a career. “As a child, I used to spend my summers joining my father in the field in the Northwest Territories. So from a very young age I got to experience this extraordinary world — it was so different from the small town I grew up in. I had early exposure to exploration and he had me working early, carrying samples and trudging around the bush. My sister and I couldn’t often keep up with him, because he’d walk fast and eventually turn around and realize we weren’t there, and he’d have to come back and collect us later in the day. It was an amazing experience.” Asked the most valuable lesson about mining she’d learned from her father, Eira said, “it’s all about people. From a very early age, going into the camps, recognizing you need a lot of different talents and skills, whether it’s someone who’s there to build the dock and maintain the equipment, or the cook in the camp, or the geophysicist or engineer. It’s all these people who are ultimately necessary to make a discovery and to be successful.” Gren was asked what character traits have led to his success. “I’m naive enough to be optimistic all the time,” he answered. “You have to have a certain attitude, because 95% of the time you get defeated, right? Probably more often than that. But the success happens often enough to keep us at it. And I think Eira’s like that.” “It’s the treasure-hunting gene, that’s what I call it,” Eira said. “You get addicted to it, and when you have the kind of experience we all had at Diavik, it’s an amazing story. You’re able to follow the project all the way from the staking of the claims right through to cutting the ribbon on the mine opening. I agree with dad that even if you’re talented and successful, very few people get to have that full life cycle experience. “Then, of course, it begs the question: why don’t you quit while you’re ahead? But at that point you get addicted to the whole process and want to do it all over again.” TNM (Listen to the entire hour-long interview in The Northern Miner Podcast - episode 112, available at northernminer.com.)

COMPANY INDEX Abitibi Royalties. . . . . . . . . . . . . 17 Agnico Eagle Mines. . . . . . . . . . 10 Altius Minerals. . . . . . . . . . . . . . 17 Anaconda Mining. . . . . . . . . . . . 1 Anglo American. . . . . . . . . . . . . .6 Archon Minerals. . . . . . . . . . . . 12 Arctic Star Exploration. . . . . . . 12 Arizona Mining. . . . . . . . . . . . . 15 Barrick Gold. . . . . . . . . . . . . . . . . 9 Bluestone Resources. . . . . . . . . . 1 Cameco. . . . . . . . . . . . . . . . . . . . 10 Cobalt 27. . . . . . . . . . . . . . . . . . . 17 Dalradian Resources. . . . . . . . . 14 Diamcor Mining . . . . . . . . . . . . 12 Dynasty Minerals. . . . . . . . . . . . 15 eCobalt Solutions. . . . . . . . . . . . 15 EMX Royalty . . . . . . . . . . . . . . . 17 Filo Mining. . . . . . . . . . . . . . . . . 10 First Quantum Minerals. . . . 6,10 Fission Uranium . . . . . . . . . . . . 15 Franco-Nevada. . . . . . . . . . . . . . 17 Garibaldi Resources . . . . . . . . . 14 Gold Standard Ventures. . . . . . 14 Goldcorp. . . . . . . . . . . . . . . . . 1,10 Hard-Line Solutions. . . . . . . . . 16

Hatch Associates . . . . . . . . . . . . 16 Hexagon Mining. . . . . . . . . . . . 16 Hudbay Minerals. . . . . . . . . . . . . 3 Imperial Metals . . . . . . . . . . . . . . 5 Ivanhoe Mines. . . . . . . . . . . . . . 15 Kinross Gold. . . . . . . . . . . . . . . . 10 Kirkland Lake Gold. . . . . . . . . . 10 Labrador Iron Ore Royalty. . . . 17 Lithoquest Diamonds. . . . . . . . 12 Lucara Diamond . . . . . . . . . . . . . 9 Lumina Gold . . . . . . . . . . . . . . . . 6 Luminex Resources. . . . . . . . . . . 6 Lundin Gold. . . . . . . . . . . . . . 6,14 Mag Silver. . . . . . . . . . . . . . . . . . . 9 Maritime Resources. . . . . . . . . . . 1 Maverix Metals. . . . . . . . . . . . . . 17 Mountain Province Diamonds. . . . . . . . . . . . . . . . . . 9 Nevada Copper . . . . . . . . . . . . . 15 Newmont Mining . . . . . . . . . . . . 6 NexGen Energy. . . . . . . . . . . . . 15 NGEx Resources . . . . . . . . . . . . 15 Nickel Creek Platinum. . . . . . . . 3 NovaGold Resources. . . . . . . . 3.9 Novo Resources. . . . . . . . . . . . . 14

Nutrien . . . . . . . . . . . . . . . . . . . . 10 OceanaGold. . . . . . . . . . . . . . . . . 8 Osisko Gold Royalties. . . . . . . . 17 Osisko Mining. . . . . . . . . . . . . . 14 Peregrine Diamonds. . . . . . . . . 12 Polymet Mining. . . . . . . . . . . . . 15 Procon. . . . . . . . . . . . . . . . . . . . . 16 Rockwell Automation. . . . . . . . 16 Sabina Gold & Silver. . . . . . . . . 14 Sandstorm Gold Royalties. . . . 17 Sandvik . . . . . . . . . . . . . . . . . . . . 16 Seabridge Gold. . . . . . . . . . . . . . 14 SGS. . . . . . . . . . . . . . . . . . . . . . . . 16 SRK Consulting. . . . . . . . . . . . . 16 Star Diamond. . . . . . . . . . . . . . . 12 Stornoway Diamond. . . . . . . . . 12 Tahoe Resources . . . . . . . . . . . . . 8 Teck Resources. . . . . . . . . . . . 9,10 Trilogy Metals. . . . . . . . . . . . . . . 15 Tsodilo Resources . . . . . . . . . . . 12 Turquoise Hill Resources. . . . . 10 Vale Canada. . . . . . . . . . . . . . . . . 3 Wheaton Precious Metals. . . . . 17 Wood Group. . . . . . . . . . . . . . . . 16

O P- E D

Financing uptrend continues, PDAC report says FACTS ‘N’ FIGURES

| Debt financing continues to grow in the resource sector

The following is an edited summary from the Prospectors & Developers Association of Canada report, State of Mineral Finance 2018: Gaining Momentum. For more information and to read the full report, visit www.pdac.ca.

fter a prolonged downturn in mineral industry activity, 2016 and 2017 were characterized by rising commodity prices that sparked increased financing opportunities and exploration expenses, both in Canada and globally. A cyclical upswing in global economic activity, coupled with U.S. dollar depreciation and low interest rates, has driven an improvement in the commodity complex. However, improvements in financing and exploration activity have not spread evenly across the mineral industry. The International Monetary Fund (IMF) estimates for global economic growth — measured by gross domestic product (GDP) — have rebounded from a low of 3.2% in 2016 to 3.7% in 2017, and could increase to 3.9% through 2018–2019. A rebound in global GDP combined with higher expectations for growth in China and other advanced economies, as well as U.S. domestic infrastructure spending, are likely drivers behind increased demand for industrial commodities. As a result, monthly average prices of key base metals improved significantly over the past two years (36–110%), while monthly average prices for precious metal have experienced more modest increases (6–15%) over the same period. Global mineral sector investment deteriorated from a peak in 2012 through to 2016, as funds raised globally for the mineral sector declined 56% compared to 2012 levels. This trend reversed in 2017, as total global financing increased 61% year-over-year. The relative increase is largely attributed to increased debt financing, which doubled between 2016 and 2017. Given that debt is not a typical financing vehicle for non-revenue generating exploration companies, debt expansion may suggest that a shift in market dynamics for the mineral industry is underway. Global equity financing peaked in 2011 at US$53 billion and fell sharply to reach US$24 billion in 2013. Global equity financing has stabilized but with a moderate decreasing trend, declining from US$37 billion in 2014 to US$27 billion in 2016, and slightly improving to US$29 billion in 2017. Canadian stock exchanges continue to be a material source of equity financing for the global mineral industry, with TSX and TSXV contributing on average 19% of the funds raised from 2011 to 2017. Mineral industry financing via Canadian stock exchanges in 2017 expanded 83% from a 2015 low. Total financing activity was more prominent on the TSXV, with a 243% increase over two years, compared to 64% on the TSX. Most of the increases occurred in 2016, and, similar to the global

trend, most funding expansion is attributed to an increase in debt financing, which rose from $0.5 billion in 2015 to $6.6 billion in 2017, or 52% of total funds raised. Data provided by Oreninc on junior mineral industry financing in Canada shows a mixed picture for 2017. Equity raises by junior companies listed on the TSXV increased 18% compared to 2016, while the CSE recorded a 123% increase in funds raised. Conversely, the value of financing for junior companies on the TSX declined 32% from 2016 levels. In 2017, bought-deal transactions became more significant, with their value increasing 12%, while the value of best-effort transactions fell 21% and 15% for brokered and non-brokered transactions. Lastly, while the value of equity financing for projects targeting minerals associated with batterytechnology grew 200% in 2017, the same fund flow for both precious and base metals fell 12% and 11%, respectively. Over 85% of funds generated via equity financing for junior companies was by those with a market capitalization of less than $500 million. Global financing explicitly for mineral exploration from 2012 to 2015 was negatively impacted by lower overall investment in the mineral industry, and declined 85% from US$19.4 billion to US$2.9 billion over this period. Between 2015 and 2017 financing for exploration nearly tripled to reach US$4.8 billion in 2016 and US$8.9 billion in 2017. In Canada, similar trends are observed with a 75% decline in financing for exploration between 2012 and 2015, followed by an increase of nearly 200% between 2015 and 2016 (from $1.02 billion in 2015 to $3 billion in 2016), and a further 7% increase in 2017. Global exploration expenses from 2012–2017 followed exploration financing trends, declining over 65% from a peak of US$20.5 billion in 2012 to US$6.9 billion in 2016. The trend reversed in 2017 as expenses increased 15%, compared to 2016 (to US$7.9 billion). Canada and Australia continued to lead global activity in 2017, accounting for 13.8% and 13.5% of expenses, respectively. Noteworthy is a long-term decline in Canada’s share of global exploration spending, from 20.5% in 2008 to 13.8% in 2017. The profile of Canadian exploration expenses followed global trends, peaking in 2012 at $3.2 billion, declining nearly 60% to $1.3 billion in 2016 and rebounding 10% in 2017. Analyzing expenses based on the stage of project development highlights a somewhat alarming long-term trend of grassroots exploration representing a decreased share — from 45% of exploration expenses in 2008 to 21% in 2016, before slightly improving to 28% in 2017. The flow-through share (FTS) regime continues to be a critical source of exploration financing in Canada. From 2011–2017, funds raised in Canada for domestic exploration via FTS financing averaged 68% of the total funds generated. TNM

2018-07-17 8:35 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23â&#x20AC;&#x201C;AUGUST 5, 2018

Pretium Resourcesâ&#x20AC;&#x2122; Brucejack gold mine in northwest British Columbiaâ&#x20AC;&#x2122;s Golden Triangle region. â&#x20AC;&#x201A; PRETIUM RESOURCES

Govâ&#x20AC;&#x2122;t commissioned review condemns BCâ&#x20AC;&#x2122;s â&#x20AC;&#x2DC;professional relianceâ&#x20AC;&#x2122; model ENVIRONMENT â&#x20AC;&#x201A; BY COLIN DESMOND

cdesmond@northernminer.com VANCOUVER

ig changes to the way B.C.â&#x20AC;&#x2122;s mining sector is regulated may be on the way. At least thatâ&#x20AC;&#x2122;s the signal given by a newly released, provincial governmentcommissioned report that criticizes the way the B.C. government manages the provinceâ&#x20AC;&#x2122;s natural resources. The report by lead author Mark Haddock â&#x20AC;&#x201D; a University of Victoria environmental law professor and Forest Practices Board general counsel â&#x20AC;&#x201D; comes 17 years after the â&#x20AC;&#x153;professional relianceâ&#x20AC;? model was made modus operandi of B.C.â&#x20AC;&#x2122;s natural resources sector by the newly elected government of then-premier Gordon Campbell, who was swept to power in 2001 on a pro-business platform after a decade of left-leaning New Democratic Party rule. One of Campbellâ&#x20AC;&#x2122;s first orders of business was a red-tape cutting drive that sought to reduce the number of regulations by one-third and reduce the size of the public service. The natural resources sector was given particular focus, given the Liberal governmentâ&#x20AC;&#x2122;s position that the sector was among the most over-regulated. The new professional reliance model was key to this policy change. In essence, qualified professionals â&#x20AC;&#x201D; engineers, geoscientists, biologists, foresters, and others hired by companies proposing natural resource projects â&#x20AC;&#x201D; would replace civil servants in many regulatory functions, such as tasks related to environmental impact reviews. As a result, these qualified professionals would gain more control over the regulatory process, including the publication and distribution of information. To ensure the public its interests would remain protected under this new model, the government vowed to step up its monitoring, compliance and enforcement functions. In addition, professional organizations were urged to step up the regulation of their membersâ&#x20AC;&#x2122; activities, and discipline any violators of their codes of conduct. Fast-forward to 2014, when the tailings dam of Imperial Metalsâ&#x20AC;&#x2122; (TSX: III; US-OTC: IPMLF) Mount Polley copper-gold mine in B.C. failed, releasing millions of cubic metres of mining waste into Polley

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| Mining groups caught off guard by reviewâ&#x20AC;&#x2122;s wide scope

Lake and the surrounding watershed. Shortly after, B.C.â&#x20AC;&#x2122;s Auditor General Carol Bellringer carried out an audit of compliance and enforcement of the provinceâ&#x20AC;&#x2122;s mining sector and concluded it was inadequate to protect the province from environmental risks. Echoing complaints of environmental and community activists, Bellringer said the provincial governmentâ&#x20AC;&#x2122;s oversight of qualified professionals, and the reports they submit, was inadequate and recommended improved policies and procedures in this regard. The spotlight on the professional reliance model grew brighter after the B.C. provincial election in 2017, which saw the Liberals defeated after 16 years in power. In return for supporting the new minority NDP government, the Green Party demanded a reform of the professional reliance model â&#x20AC;&#x153;so that British Columbiansâ&#x20AC;&#x2122; faith in resource development can be restored.â&#x20AC;? The government announced a review shortly after. The resulting review by professor Haddock, published in late June, recommends improving professional governance and strengthening the provincial governmentâ&#x20AC;&#x2122;s engagement and oversight of professionals. His recommendations are split into three areas. First, Haddock calls on the provincial government to establish an Office of Professional Regulation and Oversight that would be independent of the natural resource ministries and focused on issues of professional organization governance. That office might have the authority to

administer professional legislation for the professional organizations, design and implement a merits-based system for appointments to professional councils and committees, appeal professional organization decisions to the B.C. Supreme Court, and designate new professions to fall under its purview. Second, he recommends the B.C. government legislate some elements of professional governance to be recognized as best practice, such as granting professional organizations the power to regulate the firms its members work for and improving the public interest duties of professional organizations. Third, he recommends new legislation with the goals of reasserting the provincial governmentâ&#x20AC;&#x2122;s authority to make resource management and environmental protection decisions, improving compliance with and enforcement of existing laws, solidifying independence between qualified professionals and the proponents they work for, and improving the engagement of indigenous governments and local communities in project evaluations. Haddock recommends granting the Chief Inspector of Mines more authority to attach conditions to permits and commission independent environmental studies. The reaction to the Haddock report has been as divided as the provinceâ&#x20AC;&#x2122;s politics, with environmentalist groups hailing it as a welcome step towards improving the management of B.C.â&#x20AC;&#x2122;s natural resources, and natural resource industry groups cautioning against excessive government regulation.

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â&#x20AC;&#x153;As a result of the former government gutting the provinceâ&#x20AC;&#x2122;s natural resource laws, the public has lost confidence that weâ&#x20AC;&#x2122;re appropriately stewarding B.C.â&#x20AC;&#x2122;s amazing natural legacy,â&#x20AC;? said Devon Page, the executive director of environmental law charity Ecojustice. â&#x20AC;&#x153;We want to see recommendations in the report implemented immediately.â&#x20AC;? â&#x20AC;&#x153;We applaud the initial focus on better regulation of professionals and ensuring they meet a high standard,â&#x20AC;? said Pat Moss, executive director of the non-profit group Northwest Institute for Bioregional Research. â&#x20AC;&#x153;We look forward to the B.C. government following through on introducing strong environmental and resource legislation, and restoring the B.C. government oversight and decisionmaking role.â&#x20AC;? Natural resource industry groups were less enthused. Many were caught off guard by the scope of the review, having had the impression from their prior consultation sessions with the Haddock-led effort that the review would be limited to the way professional organizations regulate their members. â&#x20AC;&#x153;[The] report raises questions about the transparency with which the government is consulting with its citizens while it works to further protect the public interest,â&#x20AC;? said â&#x20AC;&#x2DC;Lyn Anglin, chair of the Association for Mineral Exploration and chief scientific officer of Imperial Metals. â&#x20AC;&#x153;We urge the government to limit its scope to recommendations related to professional reliance that will provide both public and investor confidence and allow our members to explore for and develop the min-

erals and metals that society needs in achieving a low-carbon future.â&#x20AC;? Some questioned Haddockâ&#x20AC;&#x2122;s objectivity, pointing to his professional affiliations and a paper he published in 2015 that foreshadowed the conclusions of this review. â&#x20AC;&#x153;The province of B.C. could not possibly have believed that, with his appointment, a neutral arbitrator was being put in charge of the review process,â&#x20AC;? wrote Stewart Muir, executive director of Resource Works, a pro-resource industry advocacy group. â&#x20AC;&#x153;There is clearly room for improvement, particularly in building trust. But does that really require tearing down the entire edifice?â&#x20AC;? Bryan Cox, president and CEO of the Mining Association of British Columbia, responded that the professional reliance model â&#x20AC;&#x153;is a key component of all professional practice in the province of British Columbia and affects all areas of our economy, not just the natural resource sector,â&#x20AC;? and this model is vital to â&#x20AC;&#x153;maintaining the competitiveness of our natural resource industries.â&#x20AC;? The next step in the review is for the B.C. government to consult with the public, including representatives of the natural resource industry, before deciding which, if any, recommendations to put into law. A similar, parallel review of B.C.â&#x20AC;&#x2122;s environmental assessment process is also ongoing. The outcome of these two regulatory initiatives is anyoneâ&#x20AC;&#x2122;s guess, but it looks like there will be a contentious few months ahead in the provincial capital of Victoria and beyond. TNM

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2018-07-17 8:35 PM

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JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

Lumina encouraged by results at Cangrejos in Ecuador GOLD

| Beaty-backed junior spins out other assets into Luminex

BY RICHARD QUARISA

rquarisa@northernminer.com

umina Gold (TSXV: LUM; US-OTC: LUMAF) has tabled a preliminary economic assessment (PEA) for its 63 sq. km Cangrejos gold project in Ecuador’s El Oro province, 30 km southeast of the provincial capital, Machala. According to the PEA, the openpit project would process 40,000 tonnes per day during its first five years and then jump to 80,000 tonnes per day for the rest of its 16-year life. Operating costs are also higher in the first five years, at US$15.24 per tonne milled, but drop to US$13.09 when averaged over the mine’s life. Lumina president and CEO Marshall Koval says the PEA “contemplates part of the 80,000-tonneper-day design in t he init ia l 40,000-tonne-per-day aspect of the project.” “So for instance, the primary crusher is going to be able to handle the whole 80,000-tonne-per-day throughput scenario,” Koval says in an interview with The Northern Miner. “When you get to the expansion you’re just adding some modular units.” It would cost Lumina US$260 million to expand the processing plant — more than half of the overall US$406-million expansion capital. According to the study, it could build the expansion as early as in year three. The company would try to permit the whole facility before initial construction. The project would require a US$831-million initial capital expense and US$230 million for life-of-mine sustaining capital. It has a US$876-million, after-tax net present value at a 5% discount rate and a 14.4% after-tax internal rate of return. The company plans to use a higher cut-off grade in the project’s early years, saying it creates a better net present value. It would mine at 0.79 gram gold per tonne during the first five years before dropping to 0.67 gram gold for the other 11 years. “As you go deeper into the mine, the cut-off grade gets lower,” Koval says. “In the early stages you’re trying to maximize economics.” Lumina conducted a trade-off study that compared semi-autogenous grinding and ball-mill grinding to high-pressure grinding rolls and ball-mill grinding — and decided to use the former for the PEA. However, Koval says Lumina will continue to evaluate both scenarios. The company needs at least a 600-kilogram sample to test the

Drillers at Lumina Gold’s Cangrejos gold project in Ecuador’s El Oro province. LUMINA GOLD

“WE’RE IN THE PROCESS OF LINING UP ANOTHER DRILL RIG — DRILL RIGS ARE SUCH A SOUGHT-AFTER COMMODITY IN ECUADOR BECAUSE THERE’S SUCH A BOOM GOING ON.” MARSHALL KOVAL PRESIDENT AND CEO, LUMINA GOLD

high-pressure, grind-and-roll mill, and would try to get it while drilling for prefeasibility-level metallurgical test work. “The SAG you don’t need as many samples,” Koval says, “and we’ve got pretty good data there.” Lumina pegs the project’s average annual payable production at 373,000 oz. gold and 43 million lb. copper. It contains 408 million inferred tonnes grading 0.65 gram per tonne gold, 0.11% copper, 0.6 gram silver and 25 parts per million molybdenum for 8.5 million oz. gold, 1.03 billion lb. copper, 7.8 million oz. silver and 22.5 million lb. molybdenum. Cangrejos remains open to the north, south, west and at depth. One-third of the company’s resource is based on drilling by the property’s previous owner, Newmont Mining (NYSE: NEM), and is constrained to the Cangrejos zone. Less than 1 km northwest of Cangrejos lies the Gran Bestia zone. Newmont only drilled five holes at Gran Bestia, and Lumina did not include the results in its resource

estimate. Cangrejos itself is bisected by the C20 property boundary. Lumina is only permitted to drill on the eastern side of the line. It has surface rights for the rest of the property, and is awaiting its remaining drill permits, which it hopes to receive this quarter. Newmont drilled Cangrejos down to 300 metres below surface. With its current drill program Lumina went deeper, drilling to 700 metres. Beyond 300 metres, Lumina found what vice-president of corporate development and communications Scott Hicks calls a “large, highgrade zone.” “When we go out west into the areas we haven’t drilled yet, we’ll be able to hopefully carry on that higher-grade zone and expand the resource a fair bit,” Hicks says. The company drilled 7,200 metres of a planned 18,000 metres at what it calls the Cangrejos Main Zone in 2017. It has followed up with 5,300 metres so far in 2018. Lumina has already allocated 2,000 of the remaining metres to Gran Bestia.

“We want to get out and understand Gran Bestia because of the near-surface, higher-grade material there,” Koval says. Highlights from Newmont’s drilling at Gran Bestia include: 0.91 gram gold and 0.16% copper over 208.5 metres from surface and 0.55 gram gold over 319 metres from surface. Mineralization at Gran Bestia remains open in all directions. Lumina has also announced it will spin out all its assets, except Cangrejos, into Luminex Resources, which will trade on the TSX Venture Exchange, likely with the ticker symbol “LR”. Lumina shareholders will receive one new share of Lumina and 0.15 of a Luminex share for each existing Lumina share, in a deal expected to close by the end of August. Luminex will incorporate, among other properties, the Condor gold project, where Lumina updated a resource estimate earlier this year. Condor sits 300 km east of Can-

grejos, on trend with and south of Lundin Gold’s (TSX: LUG; USOTC: FTMNF) Fruta del Norte and EcuaCorriente’s Mirador. The Condor project was previously owned by Ecuador Gold and Copper, which Lumina acquired in 2016. Condor contains 63.8 million indicated tonnes grading 0.68 gram gold, 4.5 grams silver and 0.03% copper for 1.38 million oz. gold, 9.23 million oz. silver and 43 million lb. copper. It also contains 144.5 million inferred tonnes at 0.54 gram gold, 1.7 grams silver and 0.08% copper for 2.5 million oz. gold, 7.9 million oz. silver and 260 million lb. copper. It was the first update to the resource since 2015. “We put economic restraints on the resource for Condor,” Koval says. “So we produced a smaller indicated and inferred resource than the previous company, but we feel that we have a good resource base now.” The company is moving towards a PEA on the project’s Santa Barbara deposit, which so far contains most of Condor’s copper resource, with 27 million indicated lb. copper and 255 million inferred lb. copper. The company also has commitments from First Quantum Minerals (TSX: FM; US-OTC: FQVLF) and Anglo American (LON: AAL) to spend a combined US$96 million over seven years at four early-stage properties. “We’re in the process of lining up another drill rig — drill rigs are such a sought-after commodity in Ecuador because there’s such a boom going on,” Koval says. “If everything access wise is going right and we have the ability to drill the areas and have equipment available, we’ll move as fast as we possibly can on these projects. “We’ll go after this thing real hard.” Shares of Lumina are trading at 77¢ with a 52-week range of 60¢ to 85¢. The company has a $207-million market capitalization, with Ross Beaty controlling 14% of shares in July 2018. TNM

A core sample from the Cangrejos project. LUMINA GOLD

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2018-07-17 8:35 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

New storage units installed at the ROM to house objects in the Kirwin collection. PHOTO BY RICHARD QUARISA

Rocks and minerals on display in the earth sciences department at the ROM. PHOTO BY RICHARD QUARISA

ROM seeks $3M endowment for geology curator ONTARIO

BY RICHARD QUARISA

rquarisa@northernminer.com

he Royal Ontario Museum (ROM) is trying to raise an initial $3 million to hire and endow in perpetuity a geology curator for its earth sciences department — a position that has been vacant for more than 20 years. “Three million dollars is our starting point,” Kathryn De Carlo tells The Northern Miner from the museum’s basement. De Carlo works on the ROM’s philanthropy team. She stands in front of a large display case containing rocks, minerals and gems, along with museum staff Ian Nicklin and Veronica Di Cecco. Nicklin is one of the people responsible for taking care of the museum’s four collections: mineralogy, petrology, meteorite and gem. He specializes in meteorites. Di Cecco is the museum’s mineralogy research technician. “If things were really good,” De Carlo continues, “I’d say, ‘Let’s add on a couple million for research and education programs so that person would have some room to do the things that they need to do.’” One such thing would be to build a geology gallery at the museum. The museum has a mineralogy display that Di Cecco calls t he “a r t hou se of t he ea r t h, with all the cool minerals and beautiful pieces of nature’s art.” “But it’s not telling the story of how the earth formed,” she adds. To fund the gallery initiative, the ROM would need to raise another $10 million. The ROM has 30,000 petrology specimens, 70,000 mineralogy specimens, 2,000 gemology specimens and 600 meteor specimens. It ranks in the top 10 worldwide in terms of size, diversity, value to science and education, and depth and representativeness. It goes back 104 years to when the museum first opened, and includes the Kirwin collection, which the museum acquired in 2014. Assembled by geologist Douglas Kirwin, the Kirwin collection contains more than 21,000 minerals and ores from 47 countries and 600 mines. Kirwin didn’t collect all of them himself. He had help from some friends. “He’d say, ‘Hey Joe, you’re working on this important deposit, send me this this and this from there,’”

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| Museum wants to raise another $10M to build a geology gallery

explains Nicklin, who was involved in the acquisition. Kirwin amassed the collection over more than 40 years, keeping it in a separate house next to the one where he lived with his wife on the outskirts on Bangkok. Nicklin says Kirwin always intended to give it to an institution, but wanted to find the right one. He didn’t want to donate it to a company because he wanted to make sure students would have access to it, but he also didn’t want to give it to a university, preventing exploration companies from accessing it. “We’re kind of in the middle,” Nicklin says. The museum raised $4 million over three and a half years to fund the acquisition. Part of the original agreement was that the museum would eventually hire a geology curator. They also agreed to build a storage facility to house the collection, which they did with part of the $4 million. The new storage system more than doubled the museum’s stor-

age capacity. Before, it kept all its minerals in wooden cabinets, some of which dated back to 1924, when the museum first opened. However, humidity flux was quite high, damaging some of the minerals through a process called off-gassing, where sulphuric acid forms and the specimen, essentially, starts eating itself. The new cabinets are metal and seal shut. The bulk are kept in a main room where humidity can rise as high as 60%. It stores specimens that can’t handle the humidity — sulphides, mostly — in the “dry room.” “It’s 25% humidity — like Arizona,” Nicklin says. During my visit to the ROM, I was encouraged to touch some of the specimens — geology is a tactile science, Veronica and Ian told me repeatedly. The first rock I touched, housed in the display case behind Kathryn, looked like the kind of material a homeowner would choose for their kitchen countertop. It was found in the Northwest Territories and is 4 billion years old. It is the

oldest known rock formed on earth. “I can show you even better,” Di Cecco promised. In the dry room, Ian gave me a piece of a meteorite called the Allende meteorite, so-called after the place it was found in Mexico (all meteorites are named after where they are found, Ian tells me). It was small and round, with a circular calcium aluminum inclusion on its face. “The fun thing about those,” Nicklin says, as Di Cecco and De Carlo stand grinning around me, “is you can find microscopic mineral grains in there, extract grains and get a date of 4.567 billion years old. That’s about the oldest thing we know of in our solar system.” Next they placed a meteor from Mars into my hand. And then one from the Moon. “I love these things,” Nicklin says. “They turn everybody into an eightyear-old. You can bring the most jaded 14-year-old boy in here, give him that, and he’s an eight-yearold kid.”

A focus for the earth sciences initiative at the ROM is to educate students about geology, and inspire them to pursue a career in the field. The museum hosts more than 140,000 students each year on extracurricular trips, and says a geology gallery is one way to get people excited about becoming geologists. One day it hopes to host Skype lectures with students around the world, showing off its collection. “The way I got into geology is that as a kid my mom would take me to this museum every weekend,” Di Cecco says. “And I would hang out in the mineral gallery and the geology gallery when it existed, and I loved it.” Nicklin offers another example: “A huge portion of our meteorite collection has been given to us by one fellow, a doctor who became passionately interested in meteorites coming here on a Grade-Eight field trip when he was a kid. He touched his first meteorite, sparked a lifelong interest, and now he’s giving back.” TNM

The Royal Ontario Museum in Toronto. VALESTOCK

2018-07-17 8:35 PM

WWW.NORTHERNMINER.COM

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

Bluestone’s Cerro Blanco takes shape in Guatemala BLUESTONE From 1

silver at all-in sustaining cash costs of US$490 per oz. over a nine-year mine life. The study estimated that at US$1,250 per oz. gold, initial capex of US$171 million could be paid back in just under two years. The PEA calculated a US$317-million after-tax net present value at a 5% discount rate and a 43.8% after-tax internal rate of return. Bluestone raised $80 million at $1.50 per share and closed the financing in May 2017. The Lundin family acquired a 31% stake in the initial financing, later increasing its position in the public market to 36%. “What the Lundin family sees here is that mother nature isn’t making any more of these sorts of deposits,” says Darren Klinck, Bluestone’s president and CEO. Bluestone’s other major shareholders include CD Capital (17%); management (9%); Goldcorp (5%); Franklin Gold and Precious Metals Fund (2.7%); and AGF Investments (2.1%). Mine financing — likely a combination of debt and equity — could start in 2019, and if all goes well, Cerro Blanco could be in production before the end of 2020. “The project is very robust and is a strong acquisition candidate for mid-tier gold companies looking to add a shovel-ready, permitted project to their project portfolio,” Kerry Smith, a mining analyst at Haywood Securities, noted in a research report on June 26. Bluestone has drilled 10,000 metres and will update the resource before the end of July. It expects to finish a feasibility study in the fourth quarter. The resource is confined to a 400-metre by 800-metre area and is open at depth. The gold and silver mineralization at Cerro Blanco is associated with epithermal quartz-adularia veins and vein swarms that sit below a silicified cap that forms a low-lying hill. Klinck notes that having access to the deposit from underground for drilling and sampling has been a

A worker and a haul truck at Bluestone Resources’ Cerro Blanco gold project, in Guatemala. BLUESTONE RESOURCES

game-changer, helping the company better understand the subtleties of the hot springs-related, low-sulphidation deposit. Resource definition drilling so far has intersected broad zones of high-grade mineralization. Recent assay results include a 21.4-metre intercept grading 9.6 grams gold and 34.9 grams silver from 37 metres downhole; 11.5 grams gold and 48.6 grams silver over 12.9 metres from 40 metres downhole; 16.5 grams gold and 18.4 grams silver over 7.9 metres from 254 metres; and 7 grams gold and 65.2 grams silver over 17.2 metres from 111 metres downhole. In addition, underground sample results reported in January were taken from vein exposures within the underground development comprising the North and South ramps. The average grade of the 205 samples is 10.8 grams gold and 32.2 grams silver, ranging from trace to 276.9

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grams gold and up to 752 grams silver. Of the samples, 42% (86) average over 5 grams gold and 27% (56) average greater than 10 grams gold. Bluestone says there is exploration potential on the larger land package, too, and has prospective targets within a kilometre of the main deposit. “When we arrived last year there had not been an exploration program for more than four years,” Klinck says in an interview, explaining that Goldcorp had put the project on care and maintenance and moved some of Cerro Blanco’s geologists over to its Marlin mine to increase the mine life there. Their attempt was unsuccessful, however, and Marlin entered its closure phase last year. Goldcorp’s failure to add ounces at Marlin brought the opportunity to Bluestone. “If Marlin was still operating today we wouldn’t be having this discussion,” Klinck says. “Goldcorp and Glamis before them felt that there was a great opportunity there to partner Cerro Blanco with Marlin.” In addition to the 10,000-metre, resource-definition drill program Bluestone has completed this year, the company has just started a small, 4,000-metre exploration drill program to step out within 500 metres to 1 km of the deposit, and test initial targets. “The exploration potential is quite significant,” Klinck says. “It’s a lowsulphidation system and they often tend to require a fair bit of drilling, however, they can be highly prospective and highly profitable,” he says. “There are a lot of examples out there today where low-sulphidation, epithermal mines started with a mine life of eight or nine years, and 30 years later they are still producing gold.” In addition to Cerro Blanco, Bluestone acquired Goldcorp’s Mita geothermal project, an advanced-stage, renewable energy project licenced to produce up to 50 megawatts of power. Goldcorp had spent US$60 million on the project before selling it to Bluestone. Klinck says the project could help Guatemala wean off coal and bunker fuel oil, which together make up 40% of the country’s powergeneration mix. Down the road, Mita offers Bluestone an opportunity to produce some or all of the power for Cerro Blanco, and the company has already received interest in the project. “There was interest to partner with us on the geothermal project because it has a US$60-million headstart,”

Klinck says. “In mid-2017, both private and public companies out of Latin America and North America reached out to discuss partnership opportunities — it was a bit of a surprise. The phone started ringing but we didn’t know what we had.” Bluestone brought in some experts from California to run rigorous flowtest programs, and the company expects to discuss the data with the board over the next six months. Operating in Guatemala can be challenging, however. Last year the Fraser Institute ranked the country dead last out of 91 jurisdictions in its Investment Attractiveness Index and 88th in the Policy Perception Index, surpassed only by Zimbabwe, Chubut (Argentina) and Venezuela. High poverty rates, crime and the drug trade continue to dog the largely agrarian nation, which is still trying to right itself after a 36-year civil war drew to an end in 1996. Indigenous groups opposed to Tahoe Resources’ (TSX: THO; NYSE: TAHO) Escobal silver mine have kept the underground mining operation tied up in legal knots for a year, while protestors continue to block the highway that runs from the mine and nearby town of San Rafael las Flores to Guatemala City. Klinck acknowledges the perception problem and compares it with that of the Philippines, where he worked for OceanaGold (TSX: OGC; US-OTC: OCANF) as executive vice-president and head of corporate development. (His responsibilities included overseeing project teams, managing exploration, corporate social responsibility, and community engagement programs, as well as extensive governmentrelation activities.) “Ten or 11 years ago I heard very similar things about the Philippines,” he says. “There have been ups and downs and new governments, etc., but for both Masbate and Didipio, they’ve never really missed a beat.” On his first day on the job in Guatemala, he says, he met with the mining minister, and “it was clear that they want to attract foreign investment.” “The Guatemalan government is a right-of-centre, pro-business government,” he says, adding that there is a “strong U.S. presence” in the country. “The U.S. Embassy is very influential there,” he points out, adding that Guatemala has had “one of the most stable currencies in Latin America

“WHAT THE LUNDIN FAMILY SEES HERE IS THAT MOTHER NATURE ISN’T MAKING ANY MORE OF THESE SORTS OF DEPOSITS.” DARREN KLINCK PRESIDENT AND CEO, BLUESTONE RESOURCES

over the last 10 years.” In addition, Goldcorp put emphasis on building strong relations with the local community and on focusing on the environment, completing a significant amount of environmental baseline monitoring work, he says. The project will not involve any relocation or land resettlement and the local economy is primarily ranching and agricultural. The nearest town is Asuncion Mita, where the 15,000-strong population is ethnically mixed). Smith of Haywood Securities points out that Cerro Blanco’s location in southeastern Guatemala sets it apart from Tahoe’s troubled Escobal mine, 64 km southeast of Guatemala City, which lies “in the middle of an agricultural region, where numerous families live off the land.” The town of San Rafael surrounds the mine, the analyst notes, and “Escobal’s issues relate to the mines’ perceived impact on water and water usage, mining’s impact on the indigenous peoples and economic benefits to the local people.” By contrast, Smith notes, “there are no indigenous groups living around the [Cerro Blanco] project, and the landowners are typically ranchers and farmers of Spanish descent. “There are no resettlement requirements associated with the development of Cerro Blanco and Cerro Blanco is permitted for construction and production — a factor which mitigates a large portion of the political risk for the project.” Smith recently initiated coverage of the company with a “buy” rating and a $2.75-per-share target price. At press time, Bluestone shares were trading at $1.52 within a 52week range of 95¢ to $1.60. The company has 64 million shares for a $97-million market capitalization. TNM

2018-07-17 8:35 PM

CANADA’S TOP 10

SPECIAL FOCUS

Top-10, Canadabased diamond companies NWT

| Mountain Province a 49% partner in world’s largest new diamond mine BY TRISH SAYWELL tsaywell@northernminer.com

The portal at Mag Silver and Fresnillo’s Juanicipio silver project in Mexico. MAG SILVER

Canada’s top-10 precious metal juniors

anada is the world’s thirdlargest diamond producer in terms of volume in carats and value, according to production estimates of New York-based diamond analyst Paul Zimnisky. The Northern Miner has compiled the top-10 Canadian-headquartered diamond companies by market capitalization, as of June 29, 2018. 1. Lucara Diamond Market cap: $799 million Lucara Diamond (TSX: LUC) owns the Karowe diamond mine in Botswana, which has been in production since 2012. The mine has produced many exceptional large, Type IIa diamonds (including the 1,109-carat Lesedi la Rona stone — the second-largest diamond in history, and the 813-carat Constellation diamond, which sold for US$63.1 million). Karowe could produce 270,000 to 290,000 carats of diamonds in 2018 and the open-pit operation has enough ore to support mining until 2026. The mine has underground potential, as well. A positive preliminary economic assessment in November 2017 estimated that an underground component would extend Karowe’s mine life by 10 years and produce another 2.72 million carats at a US$195-million, pre-production capital cost. Earlier this year, Lucara acquired Clara Diamond Solutions, a technology company working to bring its proprietary secure digital sales platform for diamonds to market. The platform uses computing algorithms to match rough diamond production to buyers who want stones with the same characteristics. 2. Mountain Province Diamonds Market cap: $500 million Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD) is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine in the Northwest Territories. Gahcho Kué is the world’s largest new diamond mine, consisting of a cluster of four diamond-bearing kimberlites, three of which are being developed and mined under an initial 12-year mine plan. In April, Mountain Province Diamonds completed its business combination with Kennady Diamonds. Kennady Diamonds owned 100% of the Kennady North project, which is next to Gahcho Kué. Kennady

EXPLORATION

| North America remains the No. 1 destination for largest gold juniors

BY JOHN CUMMING jcumming@northernminer.com

he Northern Miner has pulled together the top-10 precious metal juniors (with no production and excluding royalty companies) that are headquartered in Canada, arranged by market capitalization as of the end of the second quarter. 1. NOVAGOLD RESOURCES Market cap: $1.9 billion Vancouver-based NovaGold Resources (TSX: NG; NYSE-AM: NG) has long been one of the more enigmatic gold juniors, with its flagship

being its half interest in the large but remote Donlin Gold project in southwestern Alaska, which is a 50-50 joint venture with Barrick Gold (TSX: ABX; NYSE: ABX). Donlin Gold ranks as 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. A second 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.

In its most recent quarterly results, NovaGold said the U.S. Army Corps of Engineers had filed the notice of availability for the final environmental impact statement for Donlin Gold in the U.S. Federal Register; key permits have been granted by Alaska state agencies for Donlin Gold; and its US$70 million in cash and term deposits provides it with enough funding to complete permitting and planned optimization at Donlin Gold, as well as meet its other financial obligations. NovaGold also has a 50-50 joint venture with Teck Resources (TSX: TECK.B; NYSE: TECK) at the Galore Creek copper-gold-silver project in northern British Columbia.

2. MAG SILVER Market cap: $1.2 billion Vancouver-based Mag Silver (TSX: MAG; NYSE-AM: MAG) describes itself as being focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its flagship asset is its 44% stake in the Juanicipio silver property, which is being developed in partnership with Mexican miner Fresnillo (56%) in Mexico’s bounteous Fresnillo trend. The partners are developing underground infrastructure at See PRECIOUS METALS / 14

The Emerging Gold Royalty Company High quality gold royalties that offer robust returns 3 High margins with substantial and growing cash flow 3 Industry leading partners, counterparties and financial backers 3 Proven track record of growth High Margins. High Returns.

TSX-V : MMX | OTC : MACIF | maverixmetals.com

See DIAMONDS / 12

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2018-07-17 8:36 PM

CANADA’S TOP 10

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

Top-10 Canadian miners METALS

| High revenue and growth in reserves, production

BY COLIN DESMOND

cdesmond@northernminer.com

he Northern Miner presents the top-10 Canada-headquartered mining companies by market capitalization, as of early July 2018. 1. NUTRIEN Market cap: $46 billion Nutrien (TSX: NTR; NYSE: NTR) is a new addition to corporate Canada, the result of 2018 merger between Potash Corp. of Saskatchewan — the world’s largest potash producer, second-largest phosphate producer and third-largest nitrogen producer — and Agrium, a retail supplier of agricultural products and services. PotashCorp was created by the Saskatchewan government in 1975, was privatized in 1989, and acquired a number of American potash producers in the 1990s. With a $46-billion market capitalization and $17.3-billion revenue in 2017, it is one of the largest companies in Canada.

2. BARRICK GOLD Market cap: $20 billion Barrick Gold (TSX: ABX; NYSE: ABX) is no longer the world’s largest gold mining company, having been recently surpassed by Newmont. The company has assets across the Americas, Africa, the Middle East, Australia and Indonesia. After years of losses, ballooning debt and credit downgrades, the company has strengthened its balance sheet and returned to profitability by selling off its non-core assets, paying down debt and focusing on core operations. Barrick expects to mine 4.5 million to 5 million oz. gold in 2018. 3. TECK RESOURCES Market cap: $19 billion Teck Resources (TSX: TECK.B; NYSE: TECK) had a banner year in 2017, posting a record $12 billion in revenue and $3 billion in cash flow, thanks to cost reductions and a rebound in commodity prices. Teck Resources emerged from the

merger of Teck and Cominco in 2001. The company is Canada’s largest diversified resources producer, with a focus on coal, copper, zinc and energy production. Teck owns, outright or partially, 12 mines, a metallurgical complex, an oilsands mining and processing operation, and several major development projects in Canada, the U.S., Chile and Peru. Teck’s foray into the oil business culminated early this year with first oil at the Fort Hills oilsands mine in Alberta, where it has a 20% stake. Its controversial Frontier oilsands mine in Alberta faces a joint federalprovincial regulatory review later this year. 4. GOLDCORP Market cap: $15 billion Goldcorp’s (TSX: G; NYSE: GG) ambitious growth plan targets a 20% increase in both gold reserves and annual production and a 20% reduction in all-in sustaining costs by 2021. To meet its targets for higher produc-

WWW.NORTHERNMINER.COM

tion, the company is relying on a ramp-up in production at its Cerro Negro and Éléonore mines, and an increase in both grade and output at its Penasquito mine after executing a stripping campaign and leach project. In 2018, Goldcorp plans on using funds from the sale of non-core assets to its operations in Chile and the Yukon. As of 2017, the company has 53.5 million oz. gold reserves. 5. AGNICO EAGLE MINES Market cap: $14 billion Agnico Eagle Mines (TSX: AEM, NYSE: AEM) is expanding production with the $1.2-billion construction of its two Nunavut gold mines: Meliadine and Amaruq. The 60-year-old, Toronto-based company, whose flagship LaRonde gold mine has funded much of its expansion over the past two decades, has eight producing gold mines in Quebec, Nunavut, Finland and Mexico, and exploration and development activities in Sweden and the United States. CEO Sean Boyd, The Northern Miner’s 2007 and 2017 Mining Person of the Year, has led the company since 1998. Agnico Eagle has a no forward sales policy, resulting in a full exposure

to the spot gold price. As of 2017, the company has 20.6 million oz. gold reserves. 6. FIRST QUANTUM MINERALS Market cap: $13 billion First Quantum Minerals (TSX: FM; US-OTC: FQVLF) nearly went bankrupt in 2016 after a poorly executed takeover of Inmet Mining in 2013 and a significant decrease in copper prices. It sold off assets — including a nickel mine in northern Finland — to strengthen its balance sheet and regain investor confidence. The principal asset in the Inmet acquisition, the Cobre Panama copper mine, is slated to begin commercial production in 2019. First Quantum is fighting an $8-billion tax bill with the Zambian government. The company has 4.2 million tonnes of copper reserves and a $12.8-billion market capitalization. 7. TURQUOISE HILL RESOURCES Market cap: $8 billion Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) sole asset is the combined open-pit and underground Oyu Tolgoi copper-gold mine in Mongolia, which is being operated by Rio Tinto, Turquoise Hill’s majority shareholder. Oyu Tolgoi is 66% owned by Turquoise Hill and 34% owned by the Mongolian government. Oyu Tolgoi’s development has been rife with controversy and tension between the two partners over issues such as tax payments, corruption and power supply. Once ramped up to the next stage of development, the mine could produce 450,000 tonnes copper annually. 8. KINROSS GOLD Market cap: $6 billion Kinross Gold (TSX: K; NYSE: KGC) has spent the better part of the last decade trying to emerge from its disastrous acquisition of Red Back Mining, which was written down by an astonishing 80% within two years. The company has nine active gold mines in the Americas, Russia and West Africa. Last December, Kinross added 2.1 million oz. gold reserves through its purchase of the mineral rights to Gilmore, a 709-acre parcel next to its Fort Knox gold mine outside of Fairbanks, Alaska. As of 2017, the company has 26 million oz. gold reserves and 53 million oz. silver reserves.

The recent Preliminary Economic Assessment of the Company’s Star — Orion South Diamond Project, situated in central Saskatchewan, Canada, estimates 66 million minable carats of diamonds over a 34-year production life with an average diamond price of $190 per carat and an after-taxes and royalties NPV (7%) of $2.0 billion with an IRR of 19%.

TSX: DIAM

EXPLORING AND DEVELOPING CANADA’S DIAMOND RESOURCES

WWW.STARDIAMONDCORP.COM @STARDIAMONDCORP

9. CAMECO Market cap: $5.6 billion Cameco (TSX: CCO; NYSE: CCJ) is the world’s largest publicly traded uranium miner. The company was formed through the merger of two Crown corporations in 1988. Full privatization occurred in 2002, 11 years after its initial public offering. Cameco operates four active uranium mines — two in the U.S., one in Canada and one in Kazakhstan. The company has struggled amidst a slump in uranium prices that began after the Fukushima nuclear disaster and was compounded by Germany’s ensuing commitment to phase out all of its nuclear power plants. Two of its mines, representing 40% of production, remain closed as a result. Cameco has 458 million lb. uranium oxide reserves. 10. KIRKLAND LAKE GOLD Market cap: $5 billion Kirkland Lake Gold (TSX: KL; NYSE: KL), the product of a 2016 merger between Kirkland Lake Gold Inc. and Australia-based Newmarket Gold, has taken the industry by storm in the past three years. Its two largest assets — the Macassa mine in northern Ontario and the Fosterville mine in Australia — have consistently beat expectations for output, reserves and grade. In the first half of 2018, Macassa produced 114,609 oz. gold with a grade of 20.5 grams gold per tonne and Fosterville produced 141,305 oz. gold with a grade of 18.7 grams gold. TNM

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2018-07-17 8:36 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

THE AUGUSTAGROUP TRACK RECORD • ARIZONA MINING is the #1 Canadian junior base metals stock by market cap in 2018 • TITAN MINING CORPORATION is the Augustagroup’s current flagship company and the newest U.S. zinc producer at its 100% owned Empire State Mine in New York state

LA BODEGA GOLD PROJECT (COLOMBIA)

SOLD for ~C$1.6B in 2011 12,960% Share Price Increase

ROSEMONT COPPER PROJECT (ARIZONA)

SOLD for ~C$666M in 2014 3,300% Share Price Increase

CASTLE MOUNTAIN GOLD PROJECT (CALIFORNIA)

MERGED into EQX for ~C$200M in 2017 700% Share Price Increase

HERMOSA-TAYLOR ZINC-LEAD-SILVER PROJECT (ARIZONA)

RECEIVED all cash offer of C$2.1B in 2018 6,100% Share Price Increase Note: The results for Ventana Gold Corp., Augusta Resource Corp., Arizona Mining Inc. and NewCastle Gold Ltd. are independent of the results for Titan Mining Corporation (“the Company”) and are no guarantee of the future performance of the Company. Undue reliance should not be placed thereon when considering an investment in the Company.

WHAT’S NEXT? TITAN MINING MISSION: To deliver extraordinary shareholder value through excellence in exploration, development and operation

BEST-IN-CLASS LEADERSHIP

Leaders in building long-term value

OPERATIONAL EXCELLENCE

• Leverage experienced management and board

• Deliver on expectations

of directors • Remain aligned with shareholders – management/insiders own 44% of Titan shares

• Innovate to capture efficiencies and lower costs

• Attract top talent throughout organization

SUSTAINABLE DEVELOPMENT

• Operate to high standards relating to health,

safety and the environment • Invest in our workforce so they have skills for future advancement and growth

PRUDENT GROWTH

• Relationships built on respect, trust and

• Maximize NAV per share through focus on

transparency • Jointly create long-term positive legacies with the communities in which we operate • Mitigate the impacts of our actions to ensure the safety and environmental well-being of the areas in which we operate

• Maintain a conservative capital structure

risk-adjusted returns • Advance pipeline of low-risk high-return organic projects • Take advantage of external opportunities to enhance portfolio, focusing on North America

2 AWARD-WINNING EXPLORERS FROM THE ARIZONA MINING BOARD ARE ON THE TITAN BOARD

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2018-07-17 8:36 PM

CANADA’S TOP 10

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Top-10 Canada-based diamond companies DIAMONDS From 9

North’s Kelvin kimberlite has an indicated resource of 13.62 million carats of diamonds contained in 8.50 million tonnes of kimberlite, with a grade of 1.60 carats per tonne. The Faraday kimberlites have an inferred resource of 5.02 million carats in 3.27 million tonnes of kimberlite, with a grade of 1.54 carats per tonne. 3. Stornoway Diamond Market cap: $351 million Stornoway Diamond’s (TSX: SWY; US-OTC: SWYDF) wholly owned Renard mine is Quebec’s first diamond mine and Canada’s sixth. The mine, 350 km north of Chibougamau in the province’s James Bay region, started commercial production in January 2017 and is the lowest-cost diamond mine in Canada. Renard could make an average of 1.8 million carats per year over the first decade of mining. In the first half of this year, ore production transitioned from open pit to underground. In January, Stornoway said it expects to produce 1.6 million carats in 2018 from processing 2.5 million tonnes of ore at an average grade of 65 carats per tonne. 4. Peregrine Diamonds Market cap: $75 million Peregrine Diamonds (TSX: PGD; US-OTC: PGDIF) is focused on its wholly owned Chidliak project on Baffin Island in Nunavut, 120 km from Iqaluit. Peregrine first found kimberlite on the project in 2008, with the surface discoveries of the 1, 2 and 3 kimberlite pipes. Since then, it has identified a total of 74 kimberlites at Chidliak, 45 of which are diamondiferous. Eight of the 74 kimberlites have been identified as potentially economic through drilling and microdiamond analysis. In May, Peregrine updated the PEA on the project’s 6 and 7 kimberlites. The study outlines a 13-year mine life, a $679-million after-tax net present value at a 7.5% discount rate and a 31.1% after-tax internal rate of return. Pre-production capi-

tal requirements of $455 million, including $95 million for an access road from Iqaluit and $55 million contingency, could be paid back, after-tax, in just over two years. The resources at both 6 and 7 remain open at depth. Kimberlite 6 has an inferred resource of 17.96 million carats in 7.46 million tonnes at 2.41 carats per tonne (extending from surface to a depth of 525 metres below surface). Kimberlite 7 has inferred resources of 4.23 million carats in 4.99 million tonnes at 0.85 carat per tonne (extending from surface to a 240-metre depth). Peregrine also owns the Nanuq and Nanuq North properties in Nunavut, which host four diamondbearing kimberlites. The combined, 1,580 sq. km Nanuq and Nanuq North properties are 225 km east– northeast of Baker Lake. Elsewhere in Canada, Peregrine controls the 84.94 sq. km Lac de Gras project in the Northwest Territories, 27 km from the Diavik mine. The 0.09 sq. km, 72.1%-owned 27 kimberlite has an indicated resource of 18.2 million diamond carats in 19.5 million tonnes kimberlite at a grade of 0.94 carat per tonne, and is open at depth. Outside Canada, Peregrine has a 1% gross over riding royalty on revenue from the sale of production from certain mineral properties in Botswana. 5. Star Diamond Market cap: $65 million Star Diamond (TSX: DIAM), which changed its name from Shore Gold earlier this year, owns the StarOrion South diamond project in the Fort à la Corne forest in central Saskatchewan, 60 km east of Prince Albert. The company completed a PEA in April 2018 estimating that 66 million carats of diamonds could be recovered from an open pit over a 34-year mine life with a net present value, at a 7% discount rate, of $2.02 billion after tax, and 19% post-tax internal rate of return. The study estimates pre-production capital costs of $1.41 billion with a total

capital cost of $1.87 billion, and an initial, after-tax capital cost payback period of 3.4 years. The Star and Orion South kimberlites have an indicated resource of 393 million tonnes containing 55.4 million carats of diamonds at a weighted average price of US$210 per carat. Inferred resources add 11.5 million carats. Star Diamond says the project contains a significant proportion of high-value, Type IIa diamonds, which contain no nitrogen or boron impurities; are usually top white or brown (and can also be pink); and account for less than 1.3% of the world’s annual diamond production. Newmont Mining owns 19.9% of the company. Rio Tinto Exploration Canada has an option to earn a 60% interest in the Fort à la Corne properties, including the Star-Orion South diamond project. 6. Archon Minerals Market cap: $55 million Archon Minerals (TSXV: ACS) has a gross production royalty equal to 2.3% of the gross value of diamonds produced from the Buffer zone at Dominion Diamond’s Ekati mine. (The company converted its working interest in the Buffer zone to a royalty in June 2017.) The Buffer zone contains the Lynx pipe, which started commercial open-pit production last year, and the Jay pipe. Archon also owns 100% of the 200,000 acres of mineral leases that were formerly part of the western Buffer Zone, as well as interests in other diamond properties in the area. Archon Minerals is headed by 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 mine. 7. Tsodilo Resources Market cap: $27 million Tsodilo Resources (TSXV: TSD) is exploring its 16 kimberlite project in Botswana’s Orapa kimberlite field. The 16 is 0.06 sq. km at surface and is known to contain rare and

Stornoway Diamonds’ Renard diamond mine in Quebec. STORNOWAY DIAMOND

valuable Type IIa diamonds. In mid-July the company gave results from an independent evaluation of the first diamond parcel from 16. A parcel consisting of 224 diamonds totalling 34.25 carats of commercial size (above 1 mm) was valued at US$197.65 per carat. The parcel was dominated by white, gem-quality diamonds, many of which were G-colour or higher. Tsodilo noted that it was a relatively small sample. It also said that the proportion of low-quality diamonds was very low compared to other Botswana kimberlites. In January the company installed a Polus-M sorter at its secure facility in Maun, Botswana. The machine is designed to treat dry diamond concentrate with grain size -8+6, -6+3 and -3+1 mm in the field to carry out geological exploration of diamond deposits. 8. Lithoquest Diamonds Market cap: $23 million Lithoquest Diamonds (TSXV: LDI) is exploring for diamonds on its 100% owned North Kimberley diamond project in northwestern Australia. The project is situated in the northern portion of the Kimberley Plateau, 225 km from Kununurra in New South Wales. The company is in the early stages of exploration and has identified six kimberlite pipes and eight kimberlite dikes on its 1,000 sq. km project area. In April, the company recovered three micro diamonds from a 10 kg sample of rock outcrop at its Target

BUILDING

MINES OF

THE FUTURE WHAT WE DO • Shaft Sinking • Raise Boring and Raise Excavating • Mine Construction and Infrastructure • Mine Development and Rehabilitation • Mining Engineering Services and Design • Contract Mining

www.dmcmining.com Photo courtesy of BHP Billiton incorporating Rio Tinto’s “Mine of the Future” ™ technology

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WORKPLACE SAFETY NORTH’S

PRESIDENT’S AWARD RECIPIENT

702. Lithoquest is fully funded for its drill program this year. There are no underlying royalties on the property. The company listed on the TSX Venture Exchange on Nov. 29, 2017. Australia’s Kimberley region hosts two of the country’s three economic diamond discoveries (Argyle and Ellendale). 9. Diamcor Mining Market cap: $21 million Diamcor Mining (TSXV: DMI; US-OTC: DMIFF) owns the KroneEndora at Venetia project in South Africa, which it acquired from De Beers Consolidated Mines Ltd. in February 2011. Krone 104 and Endora 66 are next to De Beers’ flagship Venetia Diamond mine in South Africa. Diamcor’s near-surface deposits come 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 15-metre depth from surface to bedrock, which the company says will allow for a low-cost mining operation. Diamcor has a strategic alliance with Tiffany & Co. Canada, a subsidiary of New York-based Tiffany & Co., to buy up to 100% of the future production of rough diamonds from Krone-Endora at Venetia. Tiffany & Co. Canada is also providing financing to advance the project. 10. Arctic Star Exploration Market cap: $14 million Arctic Star Exploration (TSXV: ADD; US-OTC: ASDZF) owns 100% of its flagship Timantti diamond project in Finland, near the township of Kuusamo, 550 km southwest of the operating Grib diamond mine in Russia. Timantti was discovered after finding a diamond-bearing kimberlite at surface. Since then, Arctic has found four kimberlite occurrences: White Wolf, Black Wolf, Grey Wolf and the Vasa Dyke swarm. Earlier this month, the company reported a total of 1,032 diamonds from 409.3 kg of White Wolf kimberlite. In addition to Finland, Arctic Star controls diamond exploration properties in Canada: Diagras and Redemption in the Northwest Territories and Stein in Nunavut. Diagras is a joint venture with Margaret Lake Diamonds, which has earned a 60% stake. Diagras is in the northeastern part of the Lac de Gras kimberlite field, 22 km northeast of the Diavik diamond mine and 36 km east of the Ekati diamond mine. The company says it has verified through research and compilation that the property hosts more than a dozen kimberlites, most of which it says are diamondiferous. The Redemption project is made up of two properties (T-Rex and Triceratops) in the Slave craton near the Lac de Gras kimberlite field. The Redemption properties are also close to Ekati and Diavik, and $20 million has been spent following indicator mineral trains that contain G10 chemistry and diamonds. Stein, 85 km northwest of Taloyoak, has six drill-ready targets with just 3 metres of overburden. The property consists of four adjoining prospecting permits covering an area of 1,056 sq. km on the Boothia Peninsula. TNM

2018-07-17 8:36 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

WITS 2.0?

NOVO RESOURCES, LEADING THE WAY IN THE PILBARA GOLD RUSH

• Fully financed exploration program, $70m in cash • World class shareholders include Eric Sprott, Kirkland Lake Gold and Newmont Mining • MOU signed with Sumitomo Corporation • Significant land package covering approximately 12,000 sq km in the Pilbara region of western Australia

TSX-V:NVO OTCQX NSRPF

416 543-3120 leo@novoresources.com

www.novoresources.com

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CANADA’S TOP 10

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

Top-10 precious metal juniors PRECIOUS METALS From 9

Juanicipio to support a 4,000-tonneper-day mine to exploit indicated resources of 145 million oz. silver, and are due to release a new feasibility study and make a production decision. Mag Silver is exploring other targets across the property, and says it is still working on “regaining surface access” to its wholly owned Cinco de Mayo property in Mexico. 3. LUNDIN GOLD Market cap: $1 billion Lundin Gold (TSX: LUG; US-OTC: FMNF) is making progress turning one the world’s most prominent gold deposits, Fruta del Norte (FDN) in southeast Ecuador’s Cordillera del Condor region, into an under-

ground mine A member of the Lundin Group, 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. FDN has 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. According to a feasibility study, a US$669-million mine built at FDN could yield 340,000 oz. gold annually over an initial 13-year mine life, at an average life-of-mine, allin sustaining cash cost of US$623 per oz. gold. Financing for mine construction

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is substantially complete, thanks to a US$300-million finance package, US$350-million senior debt facility, an offtake agreement with Boliden and a US$400-million private placement. 4. SEABRIDGE GOLD Market cap: $882 million Rudi Fronk-led Seabridge Gold (TSX: SEA; NYSE: SA) has 100% 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. For KSM in 2018, Seabridge has budgeted $19.7 million for 28,000 metres of drilling and surface work. “This is an aggressive program at KSM,” Fronk says. “Our main goal is to bring the Iron Cap resource up to a level where we can assess the significance of its potential contribution to the overall project. We believe that Iron Cap has considerable room to grow and its superior grade and proximity to planned infrastructure could have a major impact on KSM economic projections.” Seabridge also has its Iskut gold project — 30 km from KSM in B.C. — acquired by buying SnipGold in June 2016. 5. NOVO RESOURCES Market cap: $696 million Shares of Quinton Hennigh-led Novo Resources (TSXV: NVO; USOTC: NSRPF) have had a wild ride since the announcement in July 2017 that it had found gold nuggets up to 4 cm long during trenching at its Purdy’s Reward paleoplacer gold prospect in Western Australia. The Vancouver-based junior has set a A$5.4 million exploration budget for the year beginning July 1, 2018 with its fifty-fifty joint venture partner, ASX-listed Artemis Resources, at their joint-venture tenure in the Karratha region of Western Australia. Over the next few months, the partners will carry out bulk sampling, diamond drilling and costeaning activities, primarily at the Purdy’s Reward target. Novo is also moving its nearby Comet Well joint venture towards

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bulk sampling. Novo plans $15.4 million in exploration its Pilbara conglomerate-gold assets over the next 12 months. 6. DALRADIAN RESOURCES Market cap: $512 million Score another win for Dalradian Resources (TSX: DNA; US-OTC: DRLDF; LON; DALR) president and CEO Patrick F.N. Anderson, who first gained industry prominence as cofounder, president and CEO of Aurelian Resources, which discovered the 13.7 million oz. Fruta del Norte gold deposit in Ecuador in 2006. Toronto-based Dalradian, which is developing a high-grade gold deposit in Northern Ireland named Curraghinalt, is the target of a friendly, all-cash takeover by private equity firm Orion Finance that valued Dalradian at $537 million, or $1.47 per share. One wrinkle in the deal is that Orion will not be acquiring Dalradian shares held by certain members of the Dalradian senior management team, Sean Roosen and Osisko Gold Royalties. A feasibility study from January 2017 examined a US$192-million mine that would process 1,400 tonnes per day to produce 130,000 oz. gold annually over the first 10 years of mine life. Reserves were pegged at 5.2 million tonnes grading 8.54 grams gold per tonne for 1.44 million oz. gold, plus resources in all categories of 12.7 million tonnes at higher gold grades. A resource update in May 2018 boosted measured and indicated resources to 6.35 million tonnes grading 15.02 grams gold per tonne (or 3.1 million oz. gold) and 7.72 inferred tonnes at 12.24 grams gold (3 million oz. gold). Before the takeover bid, Dalradian had been planning to revise its feasibility later in 2018. 7. GOLD STANDARD VENTURES Market cap: $490 million Vancouver-based Gold Standard Ventures’ (TSX: GSV; NYSE-AM: GSV) flagship is its Railroad gold project on Nevada’s Carlin trend. Gold Standard has been consolidating ground in the area since 2009, and now has the second-largest contiguous land package (208 sq. km) on the gold-rich trend. It has made significant discoveries at North Bullion, Bald Mountain and North Dark Star. In July, Goldcorp boosted its stake in the junior to 12.73% by acquiring on the open market another 7.3

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million shares. OceanaGold already owns 15.5% of Gold Standard. The junior has $38 million in its treasury. It is planning to carry out 74,800 metres of drilling in 2018, at a total exploration and development budget of $25.8 million for the year. 8. SABINA GOLD & SILVER Market cap: $410 million Vancouver-based Sabina Gold & Silver (TSXV: 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 return with an initial $415-million capex for the project, which is now in the final permitting and licensing phase. Sabina has just deployed crews to carry out a 10,000-metre, midyear drilling program at its Goose property on the Back River gold project, following a 6,000-metre program earlier in the year. The drilling will follow up on previous success at the Umwelt “Vault” and the Llama Extension targets, as well as further test the Goose Main extension target, called Nuvuyak. The drilling will be complemented by regional and detailed geological mapping, as well as geochemical and geophysical surveying. 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. At last count, Sabina had cash and equivalents of $90 million. 9. OSISKO MINING Market cap: $403 million Osisko Mining (TSX: OSK; USOTC: OBNNF) continues to advance at breakneck speed its Windfall gold project in Quebec’s Urban Barry region. The Windfall deposit hosts 2.38 million indicated tonnes grading 7.85 grams gold per tonne for 601,000 contained oz. gold, plus 10.6 million tonnes at 6.70 grams gold for 2.3 million contained oz. gold. A newly released preliminary economic assessment of Windfall shows a 33% after-tax internal rate of return and a $413-million after-tax net present value based on an initial resource estimate that Osisko says has a “conservative grade estimate.” “This is a very strong start to a project that is growing as inferred resources are being converted to higher-grade indicated resources by the ongoing drill program, with optimized mining methods and with the ongoing exploration success at Windfall,” Osisko president John Burzynski said in a statement. The study envisions an initial mining rate of 3,200 tonnes per day using long-hole methods, producing 218,000 oz. gold per year over an 8.1-year mine life. 10. GARIBALDI RESOURCES Market cap: $248 million Vancouver-based Garibaldi Resources (TSXV: GGI; US-OTC: GGIFF) is exploring for high-grade gold, silver and copper deposits in Mexico and British Columbia. The junior said it has recently decided to “dramatically increase its land position in a key part of northwest B.C.’s Golden Triangle by expanding its King Property and acquiring the very prospective E&L and Palm Springs projects.” Garibaldi now controls 170 sq. km in this area, including the E&L nickel-copper-gold deposit that it says “holds great potential for expansion into a very large massive sulphide system.” In June Garibaldi initiated a drill program at its nearby Nickel Mountain property in the Eskay Camp. The junior has $25 million in its treasury after raising $23 million in two financings in April and June. TNM

2018-07-17 8:36 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

Canada’s top-10 base metal juniors EXPLORATION BY JOHN CUMMING

jcumming@northernminer.com

he Northern Miner has listed 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 Market cap: $2 billion Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) sits atop the top-10 list for the second year in a row, but down $1.8 billion in market cap from a year ago. The company is developing three world-class projects in sub-Saharan Africa: the Kamoa-Kakula copper project in the Democratic Republic of the Congo; the Platreef project in South Africa for platinum group metals and nickel; and the Kipushi zinc project, also in the DRC. China’s CITIC Metal is investing $723 million in Ivanhoe in a private placement at $3.68 per share. Yufeng “Miles” Sun, president of CITIC Metal Group Ltd., will join Ivanhoe’s board at closing and become co-chairman of Ivanhoe Mines at that time in a role to be shared with Friedland. Not counting the Kamoa resource, Kakula’s newly calculated indicated resource at a 3% cut-off grade has increased by 58 million tonnes and now totals an astonishing 174 million tonnes grading 5.62% copper. At a 1% copper cut-off, Kakula’s indicated resource has risen 58% to 585 million tonnes, at 2.92% copper. 2. ARIZONA MINING Market cap: $1.9 billion Arizona Mining (TSX: AZ; USOTC: WLDVF) added a billion dollars to its market capitalization from a year ago, thanks to ongoing success in developing its Hermosa zinc-lead-silver deposit, 81 km southeast of Tucson, Ariz., and an all-cash friendly offer for the company from Australia-listed miner South32. The major is buying the 83% of Arizona Mining it doesn’t already own for $6.20 per share, representing a fully funded US$1.3 billion ($1.8 billion), or a 50% premium. The junior explorer has been carrying out drill programs targeting Hermosa’s Taylor sulphide and Taylor Deeps zones — both carbonatereplacement style deposits — and a cross-cutting vein system called the Trench. The work had been intended to lead to a resource update and feasibility study later this year. 3. NEXGEN ENERGY Market cap: $879 million Vancouver-based NexGen Energy (TSX: NXE; NYSE-AM: NXE) is the biggest winner so far coming out of the new wave of uranium exploration in the southwestern portion of the Athabasca basin of Saskatchewan. NexGen’s southwestern properties host the high-grade Arrow deposit, the South Arrow discovery, the Harpoon discovery, the Bow discovery and the Cannon area — all located on the company’s 100%-owned Rook I property. The Arrow deposit has an indicated resource of 179.5 million lb. U3O8 contained within 1.18 million tonnes grading 6.88% U3O8 .

| North America remains the No. 1 destination for juniors

it also has its Erie Plant — a large processing facility 10 km from the orebody that can be repurposed to handle NorthMet ore. In late June, PolyMet completed key land exchanges the U.S. Forest Service after the transfer was approved in legislation passed by the U.S. Senate. Mining titan Glencore owns 30% of PolyMet’s shares. 5. FISSIUM URANIUM Market cap: $340 million Another Athabasca basin trailblazer, Kelowna, B.C.-based Fission Uranium (TSX: FCU; US-OTC: FCUUF), is advancing its PLS uranium project, which hosts the near-surface, high-grade Triple R deposit. Major high-grade zones have been found each year since discovery in 2012, and recent exploration drilling has uncovered more mineralization west of the trend. 6. NEVADA COPPER Market cap: $271 million Vancouver-based Nevada Copper (TSX: NCU; US-OTC: NEVDF) is sitting pretty with its Pumpkin Hollow project on Nevada — calling it the “only major, shovel-ready and fully permitted copper project in North America.” Nevada Copper has closed a

$96-million public offering of shares at 60¢ per share, and an over-allotment option could bring the total to $110 million. 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, which is undergoing optimization to look at a reduced-capex, staged development.

(TSX: NGQ; US-OTC: NGQRF) is developing its two large coppergold-silver discoveries, Los Helados and Josemaria, located in Chile’s Region III and adjacent 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.”

7. TRILOGY METALS Market cap: $250 million Trilogy Metals (TSX: TMQ; NYSEAM: TMQ) 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. Trilogy recently calculated a cobalt resource for Bornite and completed a positive prefeasibility study of Arctic.

9. NORTHERN DYNASTY MINERALS Market cap: $212 million While it’s never been easy for Northern Dynasty Minerals (TSX: NDM; NYSE-AM: NAK), its colossal Pebble copper-gold deposit in Alaska is too large to walk away from, despite the departure over the years of a couple of major partners, dogged opposition by environmental groups and many regulatory hurdles. 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. In the inferred category lie another 4.5 billion tonnes containing 25 billion lb. copper, 36 million oz. gold, 2.2 billion lb. molybdenum and 170 million oz. silver. Palladium and rhenium are also present.

8. NGEX RESOURCES Market cap: $240 million A member of the Lundin Group of Companies, NGEx Resources

10. FILO MINING Market cap: $153 million Filo Mining (TSXV: FIL) of the Lundin Group is developing its wholly owned Filo del Sol coppergold-silver 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. 10. ECOBALT SOLUTIONS Market cap: $153 million Vancouver-based eCobalt Solutions (TSX: ECS; US-OTC: ECSIF) is advancing its Idaho Cobalt project in east-central Idaho, 40 km west of the town of Salmon, with an eye on first production in early 2020. In September 2017, the company tabled a feasibility study modelling an underground mine that would annually produce 2.4 million lb. cobalt, 3.3 million lb. copper and 3,000 oz. gold over a 12.5-year life. TNM

Mountain Province

DIAMONDS Best In Class: Largest and Richest New Diamond Mine Partnered with De Beers

TSX: MPV NASDAQ: MDM www.mountainprovince.com

4. POLYMET MINING Market cap: $394 million While headquartered in Toronto, Polymet Mining’s(TSX: POM; NYSE-AM: PLM) sole focus is developing and bringing into production its NorthMet copper-nickel-precious metals project in northeastern Minnesota’s Mesabi Iron Range, where

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2018-07-17 8:36 PM

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

CANADA’S TOP 10

WWW.NORTHERNMINER.COM

SUPPLIERS SNAPSHOT

Ten companies that keep Canada’s mineral projects moving Canadian mining companies don’t do everything on their own. They rely on the diverse and dynamic companies that deliver the products and services needed to move mineral projects forward. The following 10 firms are amongst the best supplier companies operating in Canada. HARD-LINE SOLUTIONS Since its founding in 1996, Dowling, Ontario-based Hard-Line Solutions has grown to become a top provider of remote-controlled heavy equipment. With a focus on safety and efficiency, the company’s equipment can be found in major mining operations, including Goldcorp’s Red Lake gold mine in Ontario. Hard Line has offices in Canada, Chile and Peru, with distributors across the globe. 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. Machine operators can work comfortably from the mine’s surface or offsite. The company has sold Teleop systems to many of the world’s larges mining companies, including: Agnico Eagle Mines, Barrick Gold, Vale, Hudbay Minerals, BHP Billiton and De Beers. HATCH ASSOCIATES Hatch Associates is an engineering firm with broad and deep expertise in the mining, energy and infrastructure sectors. From its base of operations in Mississauga, Ont., Hatch employs more than 9,000 people who have worked in more than 150 countries. The firm has branch offices across the Americas, Europe, Middle East, Africa and Asia-Pacific. In the mining space, Hatch has begun working with Arafura Resources on the development of a feasibility study for the Nolans REE project in Australia. The company was also engaged by Savannah Resources to conduct

a scoping study on the Mina do Barroso lithium project in Portugal. HEXAGON MINING Hexagon Mining is a Tucson, Ariz.-based information technology company that offers digital mining solutions related to four areas: planning, operations, safety and enterprise. Its portfolio includes offerings related to geology, engineering, production, fleet management, machine guidance and much more. In 2017, the firm launched the HxGN Mine VIS, the industry’s first vehicle-intervention system that detects and prevents collisions by automatically slowing down or stopping a vehicle in the event of an imminent collision. The system was installed at Anglo American’s Sishen iron ore mine in South Africa. MAJOR DRILLING GROUP Since its establishment in 1980 Major Drilling Group (TSX: MDI) has grown into one of the world’s largest drilling companies. It has offices in the Americas, Asia, Africa and Europe. The Moncton, N.B.-headquartered firm offers full drilling services, including: surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water well, coal-bed methane, shallow gas, underground percussive and longhole drilling, surface drill, and blast. In 2017, the company’s Mongolia division received the Rio Tinto Growth & Innovation Group Award for its successful seismic drilling campaign at the Oyu Tolgoi copper project. PROCON Mining contractor Procon is equipped to finance, build and operate mines. Based in Burnaby, B.C., and with offices in Canada, U.S. and Mongolia, the firm offers a variety of services, including contract mining, mine development and construction.

TSX: NDM NYSE American: NAK

WORLD-CLASS PEBBLE CU-AU-MO-AG PROJECT SUBSTANTIAL ADVANCES MADE THE FUTURE OF U.S. MINING & MINERALS

2017: EPA Settlement Federal 404 Permit Application Submitted 2018: Permitting Process Advancing Led by US Army Corps of Engineers

northerndynastyminerals.com

1-16, 23_JULY23_Main .indd 16

• January 2018: Army Corps “receipts” permit application • February 2018: Army Corps appoints AECOM 3rd party EIS contractor • March 2018: Army Corps publishes EIS Scoping guidelines and timelines • April 2018: Army Corps initiates EIS Scoping process • June 29, 2018: Scoping comment period ended pebblepartnership.com

Workers operate machines remotely at Goldcorp’s Red Lake gold mine with Hard-Line Solutions’ Teleop system. GOLDCORP Recently Procon acquired Quebecbased Promec Mining Contractor and renamed the operations Procon Canada East, which will serve customers in eastern Canada. Recently Procon has won contracts at Pretium Resources’ Brucejack gold mine in B.C. and Dominion Diamond Mines’ Ekati diamond mine in the Northwest Territories. ROCKWELL AUTOMATION Rockwell Automation (NYSE: ROK) is the world’s largest company focused on industrial automation and information, with more than 22,000 employees and based in Milwaukee, Wisconsin. For miners Rockwell offers “connected mine” solutions to increase production efficiency and lower process variability by providing more access to onsite information, which leads to better decisions and optimized throughput. In 2018 the firm announced it has helped manufacturer Arkansas Steel by automating data aggregation and reporting, which lifted yields at least 3% at its plant.

SANDVIK

around the globe.

Stockholm-headquartered global heavy-equipment supplier Sandvik continues grow and offer new solutions to customers in the mineral development industry through its Mining and Rock Technology division.

SGS serves a range of industrial sectors, including mining, construction, life sciences and transportation.

By mid-year the firm unveiled its LH517i loader, which has been optimized, based on customer feedback, to lower operating costs and improve employee safety and working comfort. Sandvik also recently announced its acquisition of Houston-based, rock-drilling tool supplier Inrock. The firm specializes in horizontal directional drilling. Sandvik was founded in 1862 and has 43,000 employees, a presence in 130 countries and 7,300 active patents, and generated more than US$10 billion in revenue in 2017. SGS Founded in 1878 in Switzerland, SGS has grown into a leading provider of inspection, verification, testing and certification services, with more than 95,000 employees and 2,400 offices and laboratories

Building a Leading Gold Company Through Responsible Mining •Fruta del Norte – one of the world’s largest and highest-grade gold mines under construction

The new facility is set to meet growing demand in the Yukon and is equipped to provide drying, grinding, crushing, pulverizing and soil-screening services. SRK CONSULTING SRK Consulting was formed in 1974 in Johannesburg and now employs more than 1,400 people in 45 worldwide offices. The firm specializes in all aspects of mining — from exploration to mine closure, and everything in between. In June the SRK announced seasoned professional Kimberly Webb has joined the company as a principal consultant in kimberlite geology to bolster the consultancy’s Diamond Group in Vancouver. In Indonesia the company’s hydrogeologists are working on a regional groundwater model for the massive Grassberg coppergold mine, where the mine’s large size and complex hydrogeological setting are a challenge. WOOD GROUP Wood Group (LON: WG) is a worldwide provider of engineering and technical services, with 55,000 employees, locations in more than 60 countries and US$10 billion in annual revenue. In 2017, the U.K.-based multinational merged with Amec Foster Wheeler.

•Located in Ecuador – an emerging mining jurisdiction •Probable reserves of 4.9 million ounces Au grading 9.2 g/t Au •Estimated annual production of 300,000 + oz/Au at US$609 AISC •First gold expected Q4 of next year

In July the firm announced it has opened a new sample preparation facility in Whitehorse, Yukon, which adds to its expansive geochemistry laboratory network in Canada.

www.lundingold.com TSX/Nasdaq Stockholm: LUG

Wood works in various industrial sectors, including mining, energy and infrastructure. The firm recently won an engineering, procurement and construction management contract for the expansion Kinross Gold’s Tasiast gold mine in Mauritania. The company previously executed the feasibility study on for the mine expansion, which will see mill capacity reach 30,000 tonnes per day and the mine produce more than 800,000 oz. gold per year for the first five years. TNM

2018-07-17 8:36 PM

CANADA’S TOP 10

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

Top-10 Canadian royalty, streaming companies by market cap SETTING RECORDS BY RICHARD QUARISA rquarisa@northernminer.com

ere are the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of early July. 1. FRANCO-NEVADA Market cap: $17.7 billion Franco-Nevada’s (TSX: FNV; NYSE: FNV) staggering $17-billion market capitalization is nearly $5 billion higher than the next leading Canada-based royalty company. The company set a new record in 2018 for first-quarter revenue, raking in US$173.1 million — a US$400,000 increase over the previous year. In March the company completed another precious metals stream on First Quantum Minerals (TSX: FM; US-OTC: FQVLF) and Korea Resource’s 90-10, joint-ventured Cobre Panama copper-gold project in Panama, increasing its coverage to full ownership of the project. Franco-Nevada paid US$356 million for the stream. Franco-Nevada also saw firstquarter revenue from oil and gas assets jump from US$10.9 million to US$19 million compared to the previous year. In February the company finalized its purchase of a Delaware royalty portfolio for US$101.3 million.

2. WHEATON PRECIOUS METALS Market cap: $12.8 billion Wheaton Precious Metals (TSX: WPM; NYSE: WPM) closed one of the biggest deals so far in 2018 when it bought a US$390-million stream on Vale’s (NYSE: VALE) Voisey’s Bay nickel-copper-cobalt mine in Labrador, part of a US$690-million streaming and financing deal with Cobalt 27 Capital (TSXV: KBLT; US-OTC: CBLLF). The deal entitles Wheaton to 42.4% of Voisey’s Bay cobalt production up to 31 million lb. cobalt and 21.2% of cobalt production for the life-of-mine. Wheaton’s first-quarter revenue rose 0.7% to US$199 million over the year-ago period. Its silver production rose 11.7% to 7,428 oz., largely due to the San Dimas mine

| Exploration, joint ventures and full ownership highlight growth

in Mexico, while gold production fell 4.9% to 79,657 ounces. The company sold 69,673 oz. gold in the quarter — 20.8% less than over the same period a year ago. 3. OSISKO GOLD ROYALTIES Market cap: $1.9 billion There is a precipitous drop in market cap between Wheaton and Osisko Gold Royalties (TSX: OR; NYSE: OR), but the company still boasts an impressive, nearly $2-billion market capitalization. Osisko recently bought a silver stream worth 90% of the future refined silver from Falco Resources’ (TSXV: FPC; US-OTC: FPRGF) Horne 5 project in Rouyn-Noranda, Quebec. Osisko will make staged payments up to $180 million to Falco. It may buy the final 10% for another $40 million after completing the initial payments. The company also acquired a 5% net smelter return royalty on Victoria Gold’s (TSXV: VIT; USOTC: VITFF) Eagle Gold project in Yukon for $98 million earlier this year. Osisko holds 20 producing assets, including the net smelter return royalty (NSR) on the Canadian Malartic gold mine and the Éléonore gold mine, both in Quebec. 4. LABRADOR IRON ORE ROYALTY Market cap: $1.5 billion Labrador Iron Ore Royalty (TSX: LIF; US-OTC: LBRMF) uniquely 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 2017, IOC paid Labrador Iron a $125.1-million royalty. For the five years before 2017, IOC paid an average royalty of $94.2 million per year. Labour disputes at IOC in SeptÎles, Que., ran through much of the first half of the year, but were resolved at the end of May. Labrador Iron’s first-quarter revenue suffered as a result, falling by $9.1 million to $34.3 million compared to the previous year.

5. SANDSTORM GOLD ROYALTIES Market cap: $1.1 billion Sandstorm Gold Royalties (TSX: SSL; NYSE: SAND) recently tabled a prefeasibility study for its 30% owned Hod Maden gold-copper project in Turkey. The project has a US$1.1-billion net present value at a 5% discount rate and a 50% internal rate of return. The company predicts it will sell as much as 60,000 equivalent oz. gold in 2018 and 140,000 equivalent oz. gold in 2023, when Hod Maden is in its second year of production. The company confused some investors last year when it bid US$175 million for explorer Mariana Resources and its 30% stake in the Hod Maden. However, according to the original terms of Mariana’s deal, the project’s operator, Turkish company Lidya Madencilik, will make annual payments to Sandstorm that equal 30% of the gold and copper sold, less the cost of operations. 6. ALTIUS MINERALS Market cap: $571 million Altius Minerals (TSX: ALS; USOTC: ATUSF) splits its focus between streams and royalties and generating exploration projects to sell or joint-venture to other companies for royalties and minority interests — an aspect it has grown in the past year. As of the end of June, the value of its junior equities portfolio was more than $60 million, compared to $48.8 million at the end of March last year. The company increased its 2018 first-quarter revenue 18% to $15.8 million compared to the same period last year. It attributed the growth to improved base metal prices, as well as increased production from the Yamana Gold (TSX: YRI; NYSE: AUY) operated Chapada copper mine in Brazil and its potash royalty portfolio.

Vale 18% of the cobalt spot price per pound of cobalt it receives until it has recovered its US$300 million. It will then pay 22% of the spot cobalt price per pound of cobalt. Earlier this year, the company acquired a US$113-million, cobaltnickel stream on the producing Ramu cobalt-nickel mine near Madang, on the north coast of Papua New Guinea. The company will stream 55% of Ramu’s cobalt production and 27.5% of its nickel production for an estimated 450,000 lb. cobalt and 2.25 million lb. nickel per year. 8. MAVERIX METALS Market cap: $277 million Maverix Metals (TSXV: MMX; US-OTC; MACIF) changed its name from MacMillan Minerals when it acquired a 13-asset royalty and stream portfolio from Pan American Silver (TSX: PAAS) in mid-2016. By year-end it had acquired another 11-asset portfolio from Gold Fields (NYSE: GFI), and its share price had risen above $1.50 after hovering below 50¢ for much of the preceding two years. Maverix recently acquired a 50-royalty portfolio from Newmont Mining (N YSE: NEM). Maverix expects the mostly gold portfolio to produce as much as $8 mi l lion in cash f low in 2019. The acquisition doubles Maverix’s resources by adding 340,000 measured and indicated gold ounces. The company reported $6.8 million in first-quarter revenue and a $1.2-million net income.

9. ABITIBI ROYALTIES Market cap: $112 million Despite its name, Abitibi Royalties (TSXV: R ZZ; US-OTC: ATBY F) does not exclusively own royalties in the Abitibi. The company’s f lagship asset is the Canadian Malartic gold mine, where it holds three NSRs across several zones. It has other assets in Canada and one in Turkey — a 3% NSR on the Menderes gold project, operated by Frontline Gold. The company recently acquired a 1.5% NSR on the Midway gold project, owned by the Malartic mine and located just southeast. The royalty covers Shaft 1 of the historic Malartic Goldfields mine, which operated from 1939 to 1965, producing a total 1.7 million oz. gold. 10. EMX ROYALTY Market cap: $109 million EMX Royalty (TSXV: EMX; NYSE: EMX) recently acquired another 4% equity stake in Boreal Energy Metals, bringing its total interest in the company to 9.9%. EMX acquired its additional Boreal shares by selling the company the Njuggtraskliden and Mjovattnet nickelcopper-cobalt projects in Sweden, and was granted a 3% NSR on each of the projects. The company has been active in Sweden this year, where it also optioned its Riddarhyttan coppergold project to South32. If South32 completes its earn in — spending US$5 million on exploration over five years and making several cash payments — EMX would retain a 3% NSR. TNM

7. COBALT 27 CAPITAL Market cap: $490 million Also involved in Wheaton’s aforementioned Voisey’s Bay deal, Cobalt 27 paid US$300 million for 32.6% of the mine’s finished cobalt product ion beg inning Ja n. 1, 2021. Coba lt 27 w i l l a lso pay

WE ARE EXPANDING OUR NETWORK We are pleased to announce the opening of TWO new sample preparation units in Whitehorse, YT and Val-d’Or, QC. These new facilities expand our existing network of sample preparation capacity for rock and drill core samples in Canada. SGS IS THE WORLD’S LEADING INSPECTION, VERIFICATION, TESTING AND CERTIFICATION COMPANY

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

1-16, 23_JULY23_Main .indd 17

PolyMetMining.com

2018-07-17 8:36 PM

WWW.NORTHERNMINER.COM

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / JULY 9–13 Canada’s benchmark index rose 1.15% to 16,561.12 on a down trading week. The S&P/ TSX Global Mining Index fell 1.6% to 73.19 and the S&P/TSX Global Gold Index fell 2.76% to 188.92. The gold price fell 1.07% to US$1,241. Shares of Avesoro Resources rose 97¢ to $5.32. The company recently finished infill drilling 16,200 metres across 75 holes at its Ndablama gold deposit, 45 km northeast of its New Liberty gold mine in Liberia. It intends to upgrade inferred resources at Ndablama to the measured or indicated categories so it can start mine planning. The project has 5.6 million indicated tonnes grading 1.9 grams gold per tonne for 349,000 oz. gold and 6.9 million inferred tonnes at 2.1 grams gold for 464,000 oz. gold. The company is now evaluating the feasibility of trucking material to the New Liberty processing plant. Avesoro will spend US$25 million in 2018 drilling 171,000 metres as it tries to convert 1 million oz. gold from resources to reserves. So far it has drilled 63,100 metres in Burkina Faso and 28,550 metres in Liberia. Shares of Prophecy Development fell another 15.9% to $1.85, continuing a slow and gradual decline. The company has proposed

spinning off a vanadium royalty company that would buy part of the vanadium that Prophecy wants to produce at its Gibellini project in Nevada at a discounted price. The royalty company would make a cash prepayment to Prophecy in exchange for the discount, covering Gibellini’s US$116.8-million initial capital expense. Prophecy completed a preliminary economic assessment for Gibellini in May. The project has a US$338.3-million, after-tax net present value at a 7% discount rate and a 50.8% after-tax internal rate of return. It would produce 9.65 million lb. vanadium oxide per year over 13.5 years, with a 1.72year payback period. Sha res of Pret iu m Resou rces rose 60¢ to $11.22 on news that it produced TSX MOST ACTIVE ISSUES

Trevali Mng First Quantum Suncor Energy Lundin Mng Kinross Gold Barrick Gold Eldorado Gold HudBay Mnls Yamana Gold B2Gold

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

TV FM SU LUN K ABX ELD HBM YRI BTO

17106 0.93 0.75 0.77 - 0.07 15416 20.04 18.19 18.86 unch 0.00 13731 55.35 53.61 55.20 + 1.26 12445 7.76 7.40 7.50 + 0.03 10274 5.20 4.87 4.94 - 0.20 9238 17.77 16.89 16.98 - 0.52 8280 1.47 1.34 1.42 + 0.06 8039 7.39 6.75 6.85 - 0.16 8009 4.16 3.80 3.82 - 0.23 7994 3.36 3.21 3.23 - 0.09

111,340 oz. gold in the year’s secondquarter, and had achieved steady production at its Brucejack gold mine in nor t hwestern Br it ish Colu mbia . T he company milled 2,604 tonnes per day at 14.9 grams gold, averaging 97.7% recoveries. In 2016 the company estimated it would process 2,700 tonnes per day at 16.1 grams gold during the mine’s first 10 years, with grade dropping to 14.1

grams gold over the mine’s life. Pretium shares tanked in January after announcing it had produced 12,000 less ounces of gold in the fourth quarter of 2017, compared to the prior quarter. The company expects to produce 200,000 to 220,000 oz. gold at Brucejack in the second half of 2018, with all-in sustaining costs stabilizing at between US$710 and US$770. TNM

TSX GREATEST PERCENTAGE CHANGE

Verde Potash St Augustine Avesoro Res Orosur Mng Horizonte Mnls Argex Titanium Fortune Mnrls Osisko Mng Inc Pine Cliff En Red Eagle Mng Serabi Gold Prophecy Coal Platinum Gp Mt Nautilus Mnrls Cardinal Res Intl Tower Hil Morumbi Res Azarga Uranium MAG Silver Coro Mining

NPK SAU ASO OMI HZM RGX FT OSK PNE R SBI PCY PTM NUS CDV ITH ASND AZZ MAG COP

527 216 109 1041 2536 284 3368 3622 1073 421 12 238 467 953 20 63 413 274 839 513

1.19 0.84 1.07 0.03 0.02 0.03 5.99 4.36 5.32 0.07 0.05 0.07 0.08 0.07 0.08 0.04 0.04 0.04 0.19 0.14 0.16 2.33 1.89 2.14 0.42 0.37 0.42 0.20 0.17 0.19 1.25 0.00 1.05 2.42 1.73 1.85 0.16 0.14 0.14 0.17 0.14 0.15 0.50 0.44 0.45 0.79 0.69 0.69 0.97 0.86 0.87 0.25 0.21 0.22 14.52 12.91 12.92 0.11 0.10 0.10

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

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Suncor Energy Avesoro Res Pretium Res Nexa Resources Altius Mnrls TMAC Resources Kirkland Lake Orocobre Caledonia Mng Verde Potash Franco-Nevada Endeavour Mng Agnico Eagle Pan Am Silver MAG Silver Nutrien Goldcorp Silver Wheaton First Majestic Barrick Gold

25.9 25.0 22.3 18.2 15.4 14.3 10.3 10.3 9.1 8.6 19.2 15.9 15.6 14.7 11.0 10.4 10.3 10.2 10.2 9.5

VOLUME WEEK (000s) CLOSE CHANGE

SU ASO PVG NEXA ALS TMR KL ORL CAL NPK FNV EDV AEM PAAS MAG NTR G WPM FR ABX

13731 55.20 109 5.32 3849 11.22 19 15.38 131 13.08 227 6.62 2655 29.60 121 5.50 30 11.54 527 1.07 1654 96.33 786 22.44 2314 59.91 1231 22.26 839 12.92 3896 69.83 7189 17.38 2458 28.95 2501 10.12 9238 16.98

+ 1.26 + 0.97 + 0.60 + 0.58 + 0.48 + 0.36 + 0.27 + 0.24 + 0.24 + 0.22 - 1.95 - 1.75 - 1.53 - 1.49 - 1.46 - 0.95 - 0.91 - 0.79 - 0.71 - 0.52

TSX VENTURE EXCHANGE / JULY 9–13 S h a re s of A r ge nt u m S i l ve r ro s e 10 ¢ t o 2 5 ¢ a f t e r t h e c o m p a ny s t r u c k a n opt ion to acqu ire 80% of Lit hiu m E n e r g y P r o d u c t s ’ Va n a d iu m R i d g e prop er t y for $15 0, 0 0 0 a nd 1, 25 0, 0 0 0 A r g e nt u m s h a r e s . Va n a d iu m R i d g e encompasses 20 mining cla ims across 21 s q . k m o n t h e s o u t h e r n e d g e o f t h e Q u e s n e l Tr o u g h , 5 0 k m n o r t h of Kamloops, British Columbia. With the back ing of its majorit y s h a r e h o l d e r, S p r o t t M i n i n g , A rg e nt u m s e e k s t o b e c o m e a l e a d i n g energ y meta ls compa ny to supply t he increasing dema nd for bat ter y m e t a l s . Va n a d i u m h a s e m e r g e d a s a c o mp e l l i n g a l t e r n a t i ve t o l it h iu m ion for la rge-sca le bat ter y applicat ion s , e s p e c i a l l y e le c t r ic g r id s . T h e l ion’s s h a re of dem a nd for t he me t a l sti l l comes from its use as a steel add it ive. S h a re s of O r l a M i n i n g r o s e 14 ¢ t o $1. 4 3 , a f t e r t h e c o m p a n y r e l e a s e d a prel i m i na r y econom ic a ssessment for i t s w h o l l y ow n e d C a m i n o R oj o g o l d projec t i n Z acatecas State, Mex ico. T he PE A env i sion s a n op en-pit m i ning a nd heap-leach operation t hat wou ld produce gold at a l l-i n su st a i n-

i ng cost s of US$555 per oz . gold . T he compa ny est i mates t he projec t wou ld gener ate a 2 4 . 5% a f ter-t a x r e t u r n o n a n i n i t i a l $1 2 5 - m i l l i o n capital expense. Orla estimates t hat resou rces at Ca mi no Rojo a re 9 6 6 , 0 0 0 o z . g o l d a n d 18 , 517, 0 0 0 o z . si lver. O rl a b ou g ht t he C a m i no Rojo p r o j e c t f r o m G o l d c o r p i n 2 017 f o r 19. 9 % o f O r l a’s s t o c k a n d a 2 % n e t smelter ret u r n roya lt y on revenues f r o m a l l m e t a l pr o du c t i o n f r o m t h e projec t. Goldcor p has a n opt ion to enter i n a joi nt vent u re w it h Orla a n d o p e r a t e t h e p r o j e c t i f O r l a ’s mining pla n for Ca mino Rojo includes a su lph ide ore processed at G o l d c o r p ’s P e n a s q u i t o m i n e , o r a TSX-V MOST ACTIVE ISSUES

Gratomic First Cobalt Cdn Platinum PPX Mining Anconia Res Metals Creek White Metal Rs Belmont Res Leeta Gold Maritime Res

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

GRAT 11353 FCC 9971 CPC 6604 PPX 6362 ARA 5529 MEK 5451 WHM 5140 BEA 5128 HIVE 4980 MAE 4393

0.16 0.46 0.03 0.10 0.04 0.09 0.25 0.07 0.94 0.11

0.12 0.35 0.02 0.09 0.02 0.05 0.12 0.05 0.75 0.08

0.13 + 0.01 0.44 + 0.04 0.03 unch 0.00 0.10 unch 0.00 0.03 + 0.02 0.08 + 0.02 0.21 + 0.09 0.06 + 0.01 0.78 - 0.05 0.09 - 0.03

su lphide ore w it h at least 50 0 mi llion tonnes of proven a nd probable reser ves processed on-site. Sha re s of W h ite Met a l Re s ou rc e s rose 9¢ to 21¢ af ter the company found a sulphide mineralized area at its Gunners C ove gold projec t ne a r St . A nt hony on t he island of New found land. The compa ny is awa iting resu lts f rom

15 g rab sa mples t a ken f rom t he a rea . The samples are described as “sheared bl ac k sh a le a nd p oly m ic t ic bre c c i a , w it h up to 10% py r ite i n t he for m of no du le s , c u b e s a nd s t r i n ge r s .” T he compa ny pla ns to c a r r y out cha n nel sampling on the sulphide-minera lized a rea, i n add it ion to t hree ot her h ig hpr ior it y z ones. T N M

TSX-V GREATEST PERCENTAGE CHANGE

Roughrider Exp Anconia Res Randsburg Intl AsiaBaseMetals White Metal Rs Argentum Silvr Waseco Res Kaizen Discov Antler Hill Highbank Res Barker Mnrls Tiger Intl Tolima Gold Jasper Mng District Cop Candelaria Mg Astorius Res NewRange Gold Intl Millm Mng Minfocus Expl

REL ARA RGZ.H ABZ WHM ASL WRI KZD AHM.H HBK BML TGR TOM JSP DCOP CAND ASQ NRG IMI MFX

48 5529 12 6 5140 754 115 942 200 309 897 15 73 10 630 13 806 466 50 70

0.14 0.04 0.02 0.33 0.25 0.33 0.04 0.09 0.16 0.04 0.01 0.08 0.01 0.09 0.09 0.69 0.05 0.24 0.03 0.02

0.00 0.02 0.00 0.28 0.12 0.17 0.03 0.06 0.10 0.03 0.01 0.04 0.01 0.00 0.00 0.42 0.00 0.14 0.02 0.01

0.14 0.03 0.02 0.33 0.21 0.25 0.04 0.09 0.16 0.03 0.01 0.04 0.01 0.09 0.05 0.46 0.03 0.14 0.02 0.01

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 350.0 + 100.0 + 100.0 + 76.8 + 75.0 + 66.7 + 60.0 + 54.5 + 52.4 + 50.0 - 50.0 - 50.0 - 50.0 - 46.9 - 44.4 - 40.1 - 40.0 - 36.4 - 33.3 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

Abitibi Royalt MacMillan Mnls Kitrinor Mtls Probe Metals AsiaBaseMetals Orla Mng Ltd Atlantic Gold Zenyatta Vent MK2 Ventures Viva Gold Cobalt 27 Cap Novo Res Hut 8 Mining Candelaria Mg Wealth Mnrls Cornerstone Mt Maya Gold &Sil Goldex Res Chesapeake Gld Bluestone Res

RZZ MMX SCYB PRB ABZ OLA AGB ZEN MK.H VAU KBLT NVO HUT CAND WML CCC MYA GDX CKG BSR

35 10.44 159 2.10 685 4.65 445 1.45 6 0.33 1168 1.43 1370 1.93 160 0.60 54 0.38 501 0.45 1477 8.17 696 3.85 424 2.70 13 0.46 936 0.80 1546 1.00 122 2.18 151 0.48 20 2.10 144 1.35

+ 0.49 + 0.24 + 0.19 + 0.16 + 0.14 + 0.14 + 0.13 + 0.13 + 0.12 + 0.12 - 0.65 - 0.55 - 0.49 - 0.31 - 0.22 - 0.18 - 0.16 - 0.16 - 0.15 - 0.15

U.S. MARKETS / JULY 9–13 Rising discord between the U.S. and its major trading partners Canada, Europe and China put pressure on some stocks, while the rising U.S. dollar put pressure on gold. The Dow Jones Industrial Average fell 2.30% to 25,019.41, while the S&P 500 Index rose 1.50% to 2,801.31. Spot gold fell US$13.50 per oz., or 1.08%, to finish the trading week at US$1,241.00 per oz. gold. Shares of Freeport-McMoRan fell US71¢ to US$16.80 per share. Under a non-binding agreement announced mid-week between Rio Tinto and Inalum, Indonesia’s state-owned mining company, Inalum will pay US$350 million to Freeport-McMoRan to increase its stake in Grasberg. The deal is part of a larger agreement under which Rio Tinto plans to sell its entire interest in the gold-copper mine to the Indonesian government. If the agreement goes through, Inalum’s stake in Grasberg will rise to 51% — up from 9.3% — leaving Freeport with a 49% stake in the mine. Last year Indonesia introduced a requirement that all mines in the country must be majority owned by the government. In a press release, Freeport CEO Richard Adkerson thanked Rio Tinto for its 20-year-long partnership

18_JULY23_MarketNews.indd 18

and noted that “through this transaction, the government will achieve its ownership objectives in a manner that preserves the long-term value for FCX shareholders and the people of Indonesia through 2041.” Pretium Resources moved 5.3% higher to US$8.53 per share after the company reported its Brucejack mine in northern B.C. achieved steady production. Brucejack produced 111,340 oz. gold in the second quarter, bringing production in the first six months of the year to 187,029 oz. gold. Pretium forecasts Brucejack will deliver 200,000 to 220,000 oz. in the second half of the year, bringing total U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Freeport McMoR* FCX 104621 18.14 16.46 16.80 - 0.71 Vale* VALE 79138 13.23 12.56 13.14 + 0.11 Yamana Gold* AUY 55955 3.18 2.88 2.91 - 0.19 Barrick Gold* ABX 36827 13.59 12.83 12.91 - 0.44 Cleveland-Clif* CLF 34604 8.58 8.11 8.40 - 0.07 United States S* X 30002 36.84 34.86 36.21 + 0.87 Chevron Corp* CVX 23424 128.51 122.97 124.04 - 0.10 Kinross Gold* KGC 21215 3.98 3.70 3.77 - 0.16 Goldcorp* GG 20777 14.15 13.16 13.23 - 0.73 Rio Tinto* RIO 20142 56.23 52.98 54.00 - 0.65

2018 gold production to 387,000 to 407,000 ounces. For the second quarter, Pretium reported mill feed grade of 14.9 grams gold per tonne, a 97.7% gold recovery rate and 2,604 tonnes per day ore milled. Eldorado Gold rose 2.9% to US$1.08. The

company strengthened its leadership team with the appointment of Philip Yee as executive vice-president and chief financial officer. George Burns, Eldorado’s president and CEO, said Yee will help re-establish annual gold production of 600,000 oz. by 2021. TNM

U.S. GREATEST PERCENTAGE CHANGE

Nexa Resources* NEXA Pretium Res* PVG CONSOL Energy* CEIX Eldorado Gold* EGO United States S* X Suncor Energy* SU Vale* VALE CONSOL Coal Rs* CCR Kirkland Lake* KL Alcoa* AA Cloud Peak En* CLD Endeavr Silver* EXK Hecla Mining* HL Buenaventura* BVN First Majestic* AG Yamana Gold* AUY Harmony Gold* HMY Fortuna Silvr* FSM Goldcorp* GG IAMGOLD* IAG

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

2024 11.91 11.19 11.83 + 6.0 13408 9.84 8.51 8.53 + 5.3 2250 39.85 37.85 39.44 + 2.9 13421 1.11 1.02 1.08 + 2.9 30002 36.84 34.86 36.21 + 2.5 16158 42.06 40.79 41.91 + 1.8 79138 13.23 12.56 13.14 + 0.8 83 15.50 14.85 15.15 + 0.3 2825 22.93 21.33 22.50 + 0.3 10699 48.87 46.59 47.26 + 0.3 1620 3.74 3.23 3.26 - 10.4 5483 3.35 2.90 2.94 - 9.0 13713 3.81 3.41 3.46 - 7.2 6775 13.80 12.44 12.59 - 7.1 12071 8.48 7.54 7.70 - 6.8 55955 3.18 2.88 2.91 - 6.1 13455 1.76 1.60 1.61 - 5.8 3589 5.94 5.40 5.53 - 5.6 20777 14.15 13.16 13.23 - 5.2 9564 6.16 5.76 5.77 - 5.1

U.S. GREATEST VALUE CHANGE

CONSOL Energy* CEIX United States S* X Suncor Energy* SU Nexa Resources* NEXA Pretium Res* PVG Alcoa* AA Vale* VALE Kirkland Lake* KL CONSOL Coal Rs* CCR Mosaic* MOS Arch Coal* ARCH Black Hills* BKH Franco-Nevada* FNV Peabody Enrgy* BTU Agnico Eagle* AEM Newmont Mng* NEM Buenaventura* BVN Nutrien* NTR Goldcorp* GG Freeport McMoR* FCX

VOLUME WEEK (000s) CLOSE CHANGE

2250 39.44 30002 36.21 16158 41.91 2024 11.83 13408 8.53 10699 47.26 79138 13.14 2825 22.50 83 15.15 13764 28.15 1417 76.99 2168 61.32 2182 73.20 3516 43.81 4789 45.52 17810 36.84 6775 12.59 6764 53.07 20777 13.23 104621 16.80

+ 1.13 + 0.87 + 0.76 + 0.67 + 0.43 + 0.12 + 0.11 + 0.06 + 0.05 + 0.03 - 2.75 - 2.65 - 1.81 - 1.47 - 1.35 - 0.99 - 0.96 - 0.94 - 0.73 - 0.71

2018-07-17 8:28 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / JULY 23–AUGUST 5, 2018

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 3, 2018 Precious Metals Gold Silver Platinum Palladium Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK Price (US$/oz.) Change $1244.90 -17.70 $15.81 -0.40 $831.00 -26.00 $941.00 -21.00 Price (US$/tonne) Change $13540.00 -180.00 $6158.00 -40.00 $2173.00 -9.00 $2505.50 +38.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 16, 2018 (change from July 10, 2018 in brackets): Aluminium Alloy 12520 (+420) Aluminium 1144700 (+38725) Copper 285725 (+10250) Lead 127600 (-3525) Nickel 263646 (-3222) Tin 3295 (+65) Zinc 243825 (-5200)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: n.a. Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: n.a. Cobalt: US$31.98/lb. Copper: US$2.79/lb. Copper: CME Group Futures Aug. 2018: US$2.76/lb.; Sept. 2018: US$2.75/lb Ferro-Chrome: US$2.80/kg Ferro Titanium: US$4.90/kg FerroTungsten: US$31.40/kg Ferrovanadium: US$35.20/kg Iridium: NY Dealer Mid-mkt US$1,415.00/tr oz. Iron Ore 62% Fe CFR China-S: US$120.6 Iron Ore Fines: US$71.00/tonne Iron Ore Pellets: US$108.60/tonne Lead: US$0.99/lb. Magnesium: US$2.25/kg Manganese: US$2.03/kg Molybdenum Oxide: US$11.79/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,270.00 tr. oz. Ruthenium: Mid-mkt US$250.00/tr. oz. Silver: Handy & Harman Base: US$19.86 per oz.; Handy & Harman Fabricated: US$23.83 per oz. Tantalite Ore : US$186.50/kg Tin: US$8.89/lb. Uranium: U3O8, Trade Tech spot price: US$23.00; The UX Consulting Company spot price: US$22.85/lb. Zinc: US$1.15/lb. Prices current July 17, 2018

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Jul 13 Jul 12 Jul 11 Jul 10 Jul 09 High Low S&P/TSX Composite 16561.12 16567.42 16417.32 16548.72 16452.34 15527.30 12400.15 S&P/TSXV Composite 725.24 728.97 728.19 740.34 739.70 1050.26 883.52 S&P/TSX 60 983.33 983.44 973.65 981.25 974.58 896.74 709.99 S&P/TSX Global Gold 188.92 190.68 189.76 193.84 193.35 218.90 149.29 DJ Precious Metals 163.48 163.48 162.76 167.15 166.68 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Jul 03, 2018 (with changes from Jun 18, 2018) Largest short positions Eldorado Gold ELD 18142516 354381 6/18/2018 Sandstorm Gold SSL 15072998 186799 6/18/2018 Ivanhoe Mines IVN 13266514 99474 6/18/2018 Alacer Gold ASR 9127168 -577080 6/18/2018 Turquoise HIl TRQ 9061885 151078 6/18/2018 Goldcorp G 8819477 -996903 6/18/2018 McEwen Mng MUX 8359044 -156934 6/18/2018 Yamana Gold YRI 7944006 -1020087 6/18/2018 Suncor Energy SU 7460309 -2621158 6/18/2018 OceanaGold OGC 7373887 411455 6/18/2018 New Gold NGD 7083455 -640489 6/18/2018 Nexgen Energy NXE 6727412 21430 6/18/2018 First Majestic FR 6720740 -327442 6/18/2018 Osisko Mng Inc OSK 6713768 -135864 6/18/2018 Kinross Gold K 6505456 -839584 6/18/2018 Largest increase in short position Nevada Copper NCU 3266600 2953800 6/18/2018 Trevali Mng TV 4597848 811779 6/18/2018 Nevsun Res NSU 4422361 618755 6/18/2018 Contintl Gold CNL 1510973 503073 6/18/2018 OceanaGold OGC 7373887 411455 6/18/2018 Largest decrease in short position Nemaska Lith NMX 6498829 -2983011 6/18/2018 Suncor Energy SU 7460309 -2621158 6/18/2018 First Quantum FM 5483730 -2369517 6/18/2018 Barrick Gold ABX 4446566 -1539472 6/18/2018 Yamana Gold YRI 7944006 -1020087 6/18/2018

Short positions outstanding as of Jul 03, 2018 (with changes from Jun 18, 2018) Largest short positions Atlantic Gold AGB 1698700 163092 6/18/2018 Aldershot Res ALZ 1551619 1473519 6/18/2018 Cobalt 27 Cap KBLT 1284036 -996864 6/18/2018 Leeta Gold HIVE 901183 -639193 6/18/2018 K92 Mng Inc KNT 518500 487352 6/18/2018 Hut 8 Mining HUT 494900 -1600 6/18/2018 Kitrinor Mtls SCYB 463500 70800 6/18/2018 Cornerstone Mt CCC 458700 360946 6/18/2018 First Cobalt FCC 457700 -362793 6/18/2018 Northn Empire NM 403008 21008 6/18/2018 Kintavar Exp KTR 393345 290600 6/18/2018 NuLegacy Gold NUG 373214 361734 6/18/2018 Canada Cobalt CCW 359115 304060 6/18/2018 Plateau Energy PLU 306600 292536 6/18/2018 Neo Lithium NLC 282318 -16782 6/18/2018 Largest increase in short position Aldershot Res ALZ 1551619 1473519 6/18/2018 K92 Mng Inc KNT 518500 487352 6/18/2018 NuLegacy Gold NUG 373214 361734 6/18/2018 Cornerstone Mt CCC 458700 360946 6/18/2018 Canada Cobalt CCW 359115 304060 6/18/2018 Largest decrease in short position Cobalt 27 Cap KBLT 1284036 -996864 6/18/2018 Auramex Res AUX 1000 -950300 6/18/2018 Leeta Gold HIVE 901183 -639193 6/18/2018 West Af Res WAF 0 -500000 6/18/2018 First Cobalt FCC 457700 -362793 6/18/2018

Alamos Gold (AGI.WT) - Wt buys sh @ $28.47 to Aug 30/18 Alamos Gold (AGI.WT.A) - Wt buys sh @ $10.00 to Jan 7/19 Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc (EXN.WT) - Wt buys sh @ $1.75 to Jul 26/18 Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.A) - Wt buys sh @ $3.25 to Mar 18/19 HudBay Minerals (HBM.WT) - Wt buys sh @ $15 to Jul 20/18

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry MBAC Fertilizer (MBC.WT) - Wt buys sh @ $1 to Apr 17/19 Nemaska Lithium Inc (NMX.WT) - Wt buys sh @ $1.5 to Jul 8/19 Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Oban Mining J (OBM.WT) - Wt buys 20 sh @ $3 to Aug 25/18 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Osisko Gold Royalties (OR.WT.A) - Wt buys sh @ $19.08 to Feb 26/19

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. Atlantic Gold (AGB.WT) - Wt buys sh @ $0.6 to Aug 20/18 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. Brazil Resources (BRI.WT) - Wt buys sh @ $0.75 to Dec 31/18 Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cornerstone Capital Resources (CGP. WT.S) - Wt buys sh @ $0.35 to Apr 07/19

Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Goldmining Inc. (GOLD.WT) - Wt buys sh @ $0.75 to Dec 31/18 Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Jet Metal (JET.WT.A) - Wt buys sh @ $0.5 to Feb 28/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share

Osisko Mining Inc. J (OSK.WT) - 20 Wt buys sh @ $3 to Aug 25/18 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Prairie Provident Resources Inc Wt (PPR. WT) - Wt buys sh @ $0.87 to Mar 16/19 Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Rainy Mountain Royalty Corp. (RMO. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Rainy Mountain Royalty Corp. (RMD. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Silvercrest Metals Inc. (SIL.WT) - Wt buys sh @ $3 to Dec 06/18 Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. West Kirkland Mining (WKM.WT) - Wt buys sh @ $0.3 to Apr 17/19

NEW 52-WEEK HIGHS AND LOWS JULY 9–13, 2018 59 New Highs

Almonty Ind Anconia Res Antler Gold * Argentum Silvr Avesoro Res Belmont Res Canada Cobalt Canada Cobalt* Casablanca Mng* Chimata Gold CONSOL Energy* Declan Res Endeavr Silver* First Majestic First Majestic* Gold Resource* Golden Peak Mn Golden Peak Mn* Golden Tag Goldstream Mnl

Guerrero Vents Juggernaut Exp* K92 Mng Inc* Kingsmen Res Kingsmen Res* Kirkland Lake Kirkland Lake* Laurion Mnl Ex MacMillan Mnls Majestic Gold Majestic Gold* Maverix Mtls* MK2 Ventures New Pac Metals North Am Ptash* One World Lith* Pan Andean Min* Pelangio Expl Plateau Energy* Roughrider Exp Serabi Gold*

Shoshoni Gold Silver Wheaton* SilverCrest Mt SilverCrest Mt* Standard Graph* Suncor Energy Suncor Energy* Tamino Mnrls* Tanzania Mnls Texas Mineral* Trecora Res* Valoro Res Verde Potash Wesdome Gold White Metal R* White Metal Rs ZincX Res ZincX Res*

64 New Lows

Altair Res Inc* Altan Nev Mnls

American Pac Avalon Adv Mat Avalon Adv Mat* Baroyeca Go&Si* Beaufield Res* Benz Mining* Callinex Mines* Cobalt Pwr Grp Columbus Gold Columbus Gold* Cruz Cobalt Desert Lion Desert Lion* Equitorial Ex* Fiore Gold Fiore Gold* Firesteel Res* First Cobalt First Cobalt * Focus Graphite Global Li-Ion

Goldcliff Res* Golden Mnls* HudBay Mnls HudBay Mnls* Hut 8 Mining Imperial Metal Infinite Lith Komet Resource KWG Res* LiCo Energy* Lion One Mtls* Lydian Intl Lydian Intl* Mexican Gold* Miramont Res Miramont Res* Morumbi Res* Mountain Prov* Napier Vent* Nevada Sunrise* Pure Energy

Pure Energy* Quantum Cobalt Randgold Res* Sandspring Res Sibanye Gold* Sirios Res Sitka Gold Solstice Gold Teras Res* Terrax Mnrls Terrax Mnrls* Trevali Mng* US Precious M* Vanadiumcorp* Vedanta* Vista Gold* Wealth Mnrls Wealth Mnrls* Wescan Gldflds* Zinc One Res *

CANADIAN GOLD MUTUAL FUNDS DAILY METAL PRICES Daily Metal Prices Date July 16 July 13 July 12 July 11 July 10 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) 1780/1780 1780/1780 1770/1770 1760/1760 1760/1760 Al Alloy Aluminum 2125/2057 2100/2051 2104/2056.50 2120/2078 2140/2109 Copper 6142/6174 6165/6180 6172/6190 6180/6193 6307/6313 Lead 2182/2196 2161/2181 2138/2157 2243/2257 2282/2287 Nickel 13675/13775 13865/13970 14050/14170 13620/13725 13955/14060 Tin 19600/19600 19750/19600 19550/19450 19440/19300 19800/19790 Zinc 2526/2498 2605/2573 2597/2573.50 2573/2552 2656/2641 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1244.90 1240.50 1244.85 1250.00 1253.70 Gold PM 1241.10 1241.70 1245.90 1251.40 1254.00 Silver 15.81 15.81 15.84 15.92 15.93 Platinum 826.00 831.00 832.00 838.00 843.00 Palladium 933.00 944.00 938.00 940.00 950.00

Fund Jul 13 ($) Jul 06 ($) AGF Prec Mtls Fd MF 19.53 19.85 BMO Prec Mtls Fd A 18.25 18.63 BMO ZGD 9.01 9.23 BMO ZJG 8.69 8.90 CIBC Prec Metal Fd A 9.59 9.86 Dyn Prec Metls Fd A 6.72 6.82 Galileo GOGO 10.52 10.76 Horizons HEP 23.71 24.36 IG Mac GbPMetCl A 8.46 8.66 iShares XGD 11.81 12.14 Mac Prec Met Cl A 44.18 45.22 NBI PrecMetFd Invt 11.84 12.16 NPT Gold&PrMinFdA 34.05 34.60 NPT SilverEquCl A 5.23 5.38 RBC GblPreMetFd A 31.98 32.82 Redw UITGoDe&ProCl A Sentry Pre Met Fd A 38.36 38.49 TD PreciousMetalsInv 32.47 33.41

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) -0.32 -1.61 -6.70 2.80 106.12 -0.38 -2.07 2.02 2.40 60.25 -0.22 -2.42 -4.65 0.61 -0.21 -2.36 -1.93 0.60 -0.27 -2.75 -4.82 2.45 43.15 -0.10 -1.47 -3.99 2.66 336.76 -0.24 -2.21 -0.65 -2.66 0.58 0.81 -0.20 -2.28 -4.17 2.75 34.22 -0.34 -2.77 -1.79 0.55 740.95 -1.04 -2.30 -4.45 2.52 63.64 -0.32 -2.63 -4.94 2.46 27.30 -0.55 -1.59 -6.42 3.04 123.54 -0.15 -2.87 -5.65 2.95 117.52 -0.84 -2.55 -4.53 2.13 323.84 0.00 0.00 -0.13 -0.33 -3.07 2.54 296.18 -0.94 -2.81 -2.72 2.27 111.64

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

Jul 13 Jul 12 Jul 11 Jul 10 Jul 09 1.3168 1.3168 1.3213 1.3140 1.3115 0.7594 0.7594 0.7568 0.7610 0.7625

Exchange rates (Quote Media, July 13, 2018) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0258 0.6510 85.5165 14.4115 10.1185 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5759 5.0638 52.0170 0.7614 853.2584 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.3508 0.8573 112.6065 18.9773 13.3313 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7583 6.6669 68.5600 1.0026 1123.6000

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_JULY23_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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2018-07-17 7:44 PM

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JULY 9–13, 2018 (100s) Stock

WWW.NORTHERNMINER.COM

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 37 Capital 5 60 North Gold 178 66 Resources 30 92 Resources V 626 92 Resources* O 20 Abacus Mng &Ex* O 316 Abacus Mng &Ex V 115 Abcourt Mines V 236 Abcourt Mines* O 80 Aben Res* O 147 Aben Res V 1795 Aberdeen Intl* O 20 Aberdeen Intl T 58 Abitibi Royalt* O 9 Abitibi Royalt V 35 O 182 AbraPlata Res* AbraPlata Res V 163 Abzu Gold* O 4 O 15 Acacia Mining* Adamera Mnls V 337 O 175 Adamera Mnls* Adex Mining V 261 Advance Gold V 1523 Advanced Expl* O 16 Advantage Lith V 705 O 355 Advantage Lith* Adventus Zinc V 186 V 28 Aethon Mineral AEX Gold V 20 Affinity Gold* O 49 Affinity Metal* O 1 African Gold V 626 African Mnrls* O 33 Aftermath Slvr* O 1 Aftermath Slvr V 180 Agnico Eagle T 2314 Agnico Eagle* N 4789 V 520 Aguia Resource Aida Minerals 1827 Alacer Gold T 2273 Alamos Gold T 2849 Alamos Gold* N 6591 Alaska Pac Egy* O 146022 Albert Mining V 208 Albert Mining* O 20 Alchemist Mng 204 Alcoa* N 10699 Alderon Iron* O 163 Alderon Iron T 147 Aldershot Res V 2324 O 142 Aldershot Res* Aldever Res V 28 Aldever Res* O 0 Aldridge Min V 50 Aldridge Min* O 5 Alexandria Min V 1547 O 450 Alexandria Min* Alexco Res T 218 Alexco Res* X 1102 Algold Res* O 84 Algold Res V 706 Alianza Min V 39 Alianza Min* O 7 Allegiant Gold V 404 Allegiant Gold* O 479 Alliance Mng V 3715 Alliance Res* D 1295 Almaden Mnls T 103 X 736 Almaden Mnls* Almonty Ind T 269 O 29 Almonty Ind * Alphamin Res V 93 10 Alphamin Res * O Alset Minerals V 208 Altai Res V 557 1 Altair Res Inc* O Altair Res Inc V 205 Altamira Gold V 494 Altamira Gold* O 122 Altan Nev Mnls V 84 210 Altan Rio Mnls V Altiplano Mnls V 162 Altius Mnrls T 131 Alto Vent V 268 446 Altura Mng Ltd* O Alturas Mnrls V 25 Altus Strat V 165 Alumina Inc* O 148 ALX Uranium V 415 ALX Uranium* O 28 Am Creek Res V 1010 44 Am CuMo Mng* O Am CuMo Mng V 449 O 278 Am Manganese* Am Manganese V 73 AM Resources V 195 Am Sierra Gold* O 4 Amarc Res V 323 Amarc Res* O 67 Amarillo Gold V 66 Amarillo Gold* O 56 Amazing Energy* O 128 424 Amer Intl Vent* O American Lith* O 36 American Lith V 910 American Pac* O 165 American Pac 484 Americas Silvr T 110 Americas Silvr* X 188 Amerigo Res T 514 Amerigo Res* O 252 Amex Expl* O 2 Amex Expl V 85 Amseco Expl V 4069 Anaconda Mng T 413 Anaconda Mng* O 155 Anconia Res V 5529 Andes Gold* O 452 Anfield Energy* O 84 Anfield Energy V 119 Angel Gold* O 200 Angel Gold V 391 Angkor Gold V 70 Anglo American* O 3 Anglo American* O 555 Anglo Pac Grp T 0 AngloGold Ash* N 9260 Angus Ventures V 17 Antioquia Gold* O 97 Antioquia Gold V 422 Antler Gold * O 68 Antler Gold V 1698 Antler Hill V 200 Antofagasta* O 3 1 APAC Res Inc* O APAC Res Inc 137 Apex Res V 81 Appia Energy* O 23 Appia Energy 72 Applied Mrnls* O 128 Aquila Res T 209 Aquila Res* O 213 Arch Coal* N 1417 Archon Mineral* O 0 Archon Mineral V 0 Arco Res* O 40 Arctic Star V 1041 Arctic Star* O 106 Arcturus Vent V 0 Arcus Dev Grp V 254 Arena Mnls V 84 Arena Mnls* O 5 Argentina Lith* O 22 Argentina Lith V 140 Argentum Silvr V 754 Argentum Silvr* O 0 Argex Titanium* O 83 Argex Titanium T 284 Argo Gold 38 Argonaut Gold* O 96 Argonaut Gold T 1089 Argus Metals V 448 Arian Silver* O 86 Arianne Phosph* O 121 Arianne Phosph V 153 Arizona Mng* O 63 Arizona Mng T 2684 Arizona Silver V 38 Arizona Silver* O 50 Armor Mnrls V 54 Asanko Gold T 700 Asanko Gold* X 968 Asante Gold 95 Asbestos Corp V 3 Ascot Res V 66 Ascot Res * O 34 Ashanti Sanko V 87 AsiaBaseMetals V 6 Asiamet Res* O 313 Asian Minl Res V 56 Aston Bay* O 140 Aston Bay V 630 Astorius Res V 806 ATAC Res V 222 Atacama Pacif V 1000 Atacama Pacif* O 108 Atacama Res* O 12294 Athabasca Mnls* O 52 Athabasca Mnls V 163 Athena Silver* O 7 Atico Mng* O 53

20-22_JULY23_StockTables.indd 20

0.30 0.30 0.30 unch 0.00 0.35 0.12 0.20 0.17 0.18 + 0.02 0.20 0.12 0.20 0.17 0.20 unch 0.00 0.20 0.17 0.05 0.04 0.05 unch 0.00 0.27 0.04 0.04 0.03 0.04 + 0.01 0.20 0.03 0.15 0.13 0.14 - 0.00 0.98 0.10 0.20 0.17 0.19 + 0.02 1.25 0.14 0.06 0.05 0.06 unch 0.00 0.09 0.05 0.05 0.04 0.04 - 0.00 0.08 0.03 0.20 0.18 0.18 - 0.01 0.41 0.08 0.26 0.22 0.24 - 0.01 0.50 0.10 0.11 0.10 0.11 + 0.01 0.16 0.09 0.14 0.13 0.14 unch 0.00 0.21 0.12 7.86 7.44 7.86 + 0.41 8.14 6.00 10.44 9.72 10.44 + 0.49 10.45 7.41 0.10 0.09 0.09 + 0.00 0.42 0.09 0.12 0.11 0.11 - 0.02 0.52 0.11 0.00 0.00 0.00 unch 0.00 0.02 0.00 1.75 1.75 1.75 + 0.05 3.70 1.62 0.06 0.05 0.06 + 0.01 0.20 0.05 0.05 0.04 0.05 + 0.01 0.17 0.04 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.43 0.27 0.31 - 0.12 0.60 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.92 0.80 0.87 - 0.01 1.42 0.37 0.70 0.61 0.64 - 0.04 1.14 0.29 0.95 0.87 0.90 - 0.05 1.15 0.51 0.49 0.48 0.48 unch 0.00 0.85 0.12 0.39 0.36 0.36 unch 0.00 0.71 0.36 0.02 0.00 0.02 - 0.00 0.04 0.01 0.06 0.06 0.06 unch 0.00 0.06 0.04 0.04 0.03 0.04 + 0.01 0.08 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.07 0.00 0.07 unch 0.00 0.14 0.00 0.10 0.10 0.10 unch 0.00 0.19 0.04 61.99 59.57 59.91 - 1.53 64.84 48.04 47.42 45.21 45.52 - 1.35 51.86 37.35 0.18 0.17 0.18 + 0.01 0.50 0.15 0.11 0.09 0.09 - 0.01 1.50 0.04 2.58 2.47 2.54 + 0.03 2.63 1.96 7.77 7.30 7.35 - 0.29 10.50 6.19 5.92 5.52 5.59 - 0.26 8.58 4.83 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.08 0.07 0.07 unch 0.00 0.35 0.05 48.87 46.59 47.26 + 0.12 62.35 35.43 0.24 0.24 0.24 - 0.01 0.29 0.16 0.36 0.31 0.34 + 0.03 0.38 0.21 0.19 0.17 0.18 - 0.02 0.23 0.03 0.14 0.13 0.13 - 0.01 0.18 0.02 0.07 0.00 0.07 + 0.01 0.21 0.06 0.00 0.00 0.04 unch 0.00 0.14 0.04 0.07 0.07 0.07 unch 0.00 0.23 0.05 0.05 0.05 0.05 unch 0.00 0.17 0.03 0.04 0.04 0.04 unch 0.00 0.12 0.04 0.04 0.03 0.03 + 0.00 0.09 0.03 1.95 1.72 1.76 - 0.18 2.28 1.41 1.48 1.31 1.32 - 0.14 1.85 1.10 0.08 0.06 0.08 + 0.01 0.16 0.06 0.10 0.09 0.09 - 0.01 0.23 0.08 0.10 0.08 0.08 - 0.01 0.15 0.05 0.06 0.06 0.06 + 0.01 0.12 0.04 0.48 0.44 0.44 + 0.01 0.75 0.33 0.37 0.33 0.34 + 0.00 0.58 0.00 0.01 0.01 0.01 unch 0.00 0.06 0.01 18.65 17.95 18.03 - 0.23 21.90 15.55 0.98 0.93 0.94 + 0.01 1.61 0.91 0.75 0.70 0.71 - 0.01 1.32 0.69 0.97 0.88 0.92 - 0.01 0.97 0.20 0.73 0.00 0.70 - 0.02 0.73 0.15 0.30 0.00 0.28 - 0.02 0.44 0.25 0.22 0.22 0.22 unch 0.00 0.35 0.19 0.19 0.00 0.14 - 0.04 0.44 0.10 0.10 0.00 0.10 + 0.02 0.47 0.05 0.03 0.03 0.03 - 0.01 0.19 0.03 0.06 0.05 0.05 unch 0.00 0.31 0.04 0.12 0.10 0.11 - 0.01 0.35 0.10 0.09 0.07 0.07 - 0.01 0.29 0.07 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.35 0.32 0.32 + 0.01 0.64 0.11 13.18 12.59 13.08 + 0.48 15.58 10.59 0.04 0.04 0.04 unch 0.00 0.13 0.03 0.28 0.24 0.25 - 0.00 0.40 0.12 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.11 0.10 0.11 + 0.01 0.14 0.10 8.76 8.40 8.45 - 0.13 8.97 5.95 0.09 0.08 0.08 - 0.01 0.11 0.06 0.07 0.06 0.07 - 0.00 0.08 0.05 0.04 0.03 0.03 unch 0.00 0.08 0.03 0.09 0.07 0.08 - 0.00 0.32 0.05 0.12 0.10 0.11 + 0.01 0.40 0.06 0.14 0.12 0.14 + 0.00 0.28 0.11 0.18 0.17 0.18 unch 0.00 0.35 0.13 0.22 0.17 0.18 + 0.01 0.31 0.12 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.09 0.07 0.08 - 0.01 0.26 0.07 0.07 0.05 0.06 - 0.01 0.21 0.05 0.27 0.25 0.26 unch 0.00 0.42 0.19 0.21 0.18 0.20 + 0.00 0.32 0.15 0.43 0.33 0.34 - 0.06 0.94 0.25 0.02 0.01 0.01 unch 0.00 0.11 0.01 0.35 0.32 0.34 + 0.08 0.69 0.18 0.50 0.42 0.49 + 0.07 0.48 0.17 0.15 0.11 0.13 - 0.02 0.32 0.11 0.19 0.16 0.17 - 0.02 0.41 0.16 4.21 3.90 3.90 - 0.28 6.11 3.52 3.31 2.95 3.05 - 0.15 5.04 2.77 0.97 0.85 0.94 + 0.01 1.35 0.52 0.74 0.65 0.71 + 0.01 1.09 0.41 0.07 0.07 0.07 unch 0.00 0.12 0.07 0.08 0.00 0.08 unch 0.00 0.22 0.08 0.02 0.01 0.02 + 0.01 0.04 0.01 0.37 0.33 0.35 - 0.02 0.56 0.22 0.28 0.25 0.27 - 0.01 0.48 0.16 0.04 0.02 0.03 + 0.02 0.04 0.01 0.01 0.00 0.01 - 0.00 0.02 0.00 0.21 0.18 0.19 - 0.03 0.55 0.15 0.27 0.24 0.26 - 0.02 0.65 0.19 0.03 0.02 0.03 - 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.12 0.03 0.19 0.17 0.18 - 0.01 0.34 0.14 23.26 0.00 21.77 - 0.86 26.05 14.28 11.82 11.06 11.17 - 0.40 13.13 6.99 0.00 0.00 2.35 unch 0.00 3.36 1.31 8.94 8.46 8.50 - 0.21 12.00 7.81 0.40 0.37 0.37 - 0.03 0.50 0.33 0.04 0.02 0.04 + 0.00 0.09 0.02 0.05 0.04 0.04 unch 0.00 0.12 0.03 0.13 0.13 0.13 unch 0.00 0.13 0.10 0.16 0.15 0.16 + 0.02 0.50 0.11 0.16 0.10 0.16 + 0.06 0.33 0.02 13.12 12.46 12.46 + 0.20 15.70 11.15 0.14 0.14 0.14 unch 0.00 0.20 0.14 0.26 0.20 0.26 + 0.02 0.50 0.06 0.08 0.07 0.07 - 0.02 0.15 0.07 0.15 0.14 0.14 - 0.01 0.17 0.07 0.20 0.19 0.19 - 0.01 0.21 0.10 0.17 0.15 0.16 - 0.01 0.25 0.02 0.30 0.27 0.30 + 0.02 0.39 0.22 0.23 0.21 0.23 + 0.02 0.30 0.18 81.76 75.09 76.99 - 2.75 102.61 68.95 0.00 0.00 0.55 unch 0.00 1.18 0.55 0.00 0.00 0.83 unch 0.00 1.50 0.73 0.74 0.68 0.69 - 0.05 1.39 0.35 0.14 0.12 0.12 - 0.02 0.35 0.11 0.10 0.09 0.10 - 0.01 0.24 0.09 0.00 0.00 0.16 unch 0.00 0.20 0.07 0.06 0.05 0.05 - 0.01 0.19 0.04 0.06 0.06 0.06 - 0.01 0.17 0.06 0.05 0.04 0.04 - 0.01 0.14 0.04 0.12 0.10 0.11 - 0.01 0.48 0.08 0.16 0.12 0.16 unch 0.00 0.60 0.08 0.33 0.17 0.25 + 0.10 0.33 0.15 0.11 0.11 0.11 unch 0.00 0.24 0.11 0.03 0.03 0.03 + 0.00 0.05 0.02 0.04 0.04 0.04 + 0.01 0.08 0.04 0.18 0.12 0.15 + 0.02 0.22 0.07 1.79 1.65 1.68 - 0.08 2.40 1.58 2.33 2.18 2.19 - 0.10 2.92 2.09 0.21 0.17 0.17 - 0.03 0.75 0.08 0.01 0.00 0.01 - 0.00 0.01 0.00 0.38 0.36 0.38 + 0.02 0.69 0.36 0.53 0.47 0.50 + 0.04 0.88 0.44 4.71 4.51 4.68 - 0.01 5.90 1.61 6.17 6.14 6.15 - 0.02 6.17 2.60 0.12 0.11 0.11 - 0.01 0.33 0.11 0.09 0.08 0.08 - 0.01 0.27 0.08 0.59 0.00 0.51 - 0.04 0.73 0.32 1.52 1.40 1.48 + 0.01 2.08 0.55 1.17 1.08 1.14 + 0.01 1.66 0.43 0.05 0.05 0.05 unch 0.00 0.15 0.04 0.50 0.50 0.50 unch 0.00 0.90 0.21 1.19 1.13 1.17 + 0.04 1.99 1.08 0.90 0.87 0.90 - 0.01 1.55 0.87 0.07 0.06 0.06 unch 0.00 0.10 0.02 0.33 0.28 0.33 + 0.14 0.27 0.13 0.12 0.12 0.12 unch 0.00 0.19 0.05 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.17 0.13 0.17 + 0.03 0.20 0.09 0.23 0.18 0.23 + 0.04 0.29 0.10 0.05 0.00 0.03 - 0.02 0.20 0.04 0.55 0.52 0.53 + 0.02 0.89 0.46 0.71 0.68 0.70 unch 0.00 0.86 0.57 0.54 0.51 0.52 + 0.00 0.66 0.46 0.00 0.00 0.00 - 0.00 0.20 0.00 0.14 0.13 0.13 - 0.01 0.20 0.09 0.18 0.16 0.16 - 0.02 0.27 0.12 0.05 0.05 0.05 unch 0.00 0.33 0.02 0.40 0.37 0.38 - 0.01 0.71 0.35

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Atico Mng V 66 Atlanta Gold* O 2 Atlanta Gold V 2 Atlantic Gold V 1370 Atlantic Ind V 605 Atlatsa Res* O 348 Atlatsa Res T 35 Atom Energy * O 0 Aton Res Inc* O 750 Aton Res Inc V 2735 Aura Mnls* O 43 Aura Mnls T 51 Aura Silver Rs V 309 Auramex Res V 115 Aurania Res* O 17 Aurania Res V 104 Aurcana Corp V 357 Aurcana Corp* O 105 AurCrest Gold V 995 Aurion Res * O 16 Aurion Res V 53 Aurora Royal V 3 Auryn Res* X 404 Auryn Res T 240 Austin Res V 82 Austral Gold* O 3 Austral Gold V 95 Australian Mns* O 50 Auxico Res 1162 Avalon Adv Mat T 1802 Avalon Adv Mat* O 521 O 8 Avarone Metals* Avarone Metals 218 Avesoro Res T 109 Avesoro Res* O 3 Avidian Gold V 105 Avino Silver* X 427 Avino Silver T 48 Avrupa Mnls V 181 Avrupa Mnls* O 485 Awale Res V 19 AXE Expl V 2552 Axmin Inc* O 30 Axmin Inc V 222 Azarga Metals V 17 O 10 Azarga Metals* O 49 Azarga Uranium* T 274 Azarga Uranium Aziel Corp* O 0 Azimut Expl V 110 Azincourt Ener* O 64 Azincourt Ener V 660 Aztec Minerals V 233 O 21 Aztec Minerals* Azteca Gold* O 535 Azucar Min* O 349 Azucar Min V 123

0.53 0.50 0.50 - 0.01 0.91 0.48 0.03 0.03 0.03 - 0.00 0.06 0.03 0.05 0.00 0.05 unch 0.00 0.08 0.04 1.97 1.79 1.93 + 0.13 1.99 1.30 0.03 0.02 0.03 unch 0.00 0.09 0.01 0.03 0.00 0.03 + 0.00 0.05 0.01 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.00 0.00 0.15 unch 0.00 0.26 0.04 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.02 1.78 1.68 1.68 - 0.04 2.38 1.03 2.40 2.10 2.15 - 0.11 3.00 1.30 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.06 0.06 0.06 - 0.01 0.10 0.03 1.92 1.65 1.65 - 0.02 6.06 1.03 2.59 2.17 2.21 + 0.01 7.57 1.51 0.23 0.20 0.22 - 0.01 0.30 0.17 0.17 0.15 0.16 - 0.00 0.25 0.13 0.04 0.03 0.04 unch 0.00 0.04 0.02 0.67 0.65 0.65 - 0.02 2.82 0.52 0.88 0.80 0.80 - 0.05 3.49 0.67 0.00 0.00 0.08 unch 0.00 0.24 0.03 1.28 1.06 1.15 + 0.09 3.00 1.00 1.50 1.40 1.48 + 0.05 3.57 1.36 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.06 0.00 0.06 unch 0.00 0.16 0.05 0.09 0.09 0.09 unch 0.00 0.18 0.08 0.08 0.07 0.07 - 0.01 0.33 0.06 0.19 0.17 0.18 - 0.01 0.45 0.17 0.10 0.08 0.09 - 0.01 0.16 0.09 0.08 0.06 0.07 - 0.00 0.13 0.07 0.05 0.05 0.05 unch 0.00 0.09 0.01 0.07 0.06 0.06 unch 0.00 0.14 0.02 5.99 4.36 5.32 + 0.97 5.99 2.50 3.42 3.41 3.41 - 0.01 3.65 1.89 0.45 0.41 0.41 - 0.03 0.70 0.20 1.29 1.18 1.19 - 0.08 1.89 1.14 1.70 1.56 1.56 - 0.11 2.35 1.44 0.12 0.10 0.10 - 0.01 0.13 0.06 0.09 0.07 0.08 - 0.01 0.10 0.05 0.13 0.12 0.12 - 0.01 0.48 0.08 0.04 0.04 0.04 + 0.01 0.17 0.02 0.09 0.09 0.09 unch 0.00 0.12 0.02 0.15 0.11 0.14 unch 0.00 0.15 0.03 0.11 0.11 0.11 unch 0.00 0.18 0.10 0.07 0.00 0.07 + 0.00 0.16 0.05 0.19 0.15 0.17 - 0.02 0.24 0.14 0.25 0.21 0.22 - 0.03 0.34 0.18 0.00 0.00 1.03 unch 0.00 9.10 0.60 0.32 0.28 0.28 - 0.01 0.48 0.26 0.08 0.07 0.07 - 0.00 0.23 0.03 0.10 0.09 0.09 - 0.01 0.37 0.05 0.29 0.23 0.25 + 0.02 0.38 0.19 0.18 0.17 0.17 - 0.00 0.30 0.14 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.58 0.51 0.53 - 0.01 1.44 0.48 0.76 0.68 0.69 - 0.05 1.75 0.60

B2Gold* X 11875 B2Gold T 7994 O 0 B4MC Gold* Balmoral Res* O 381 Balmoral Res T 765 Balto Res V 80 V 737 Bankers Cobalt O 164 Bankers Cobalt* Bannerman Res* O 223 Banyan Gold V 554 Banyan Gold* O 144 Bard Ventures* O 30 Bard Ventures V 168 Barker Mnrls V 897 Barkerville Go V 709 Barkerville Go* O 70 Baroyeca Go&Si V 20 Baroyeca Go&Si* O 4 Barrick Gold* N 36827 Barrick Gold T 9238 Barsele Min* O 12 Barsele Min V 199 Batero Gold V 74 O 135 Bayhorse Silvr* Bayhorse Silvr V 246 V 1 BC Moly BCM Res V 223 V 5 BE Res 131 Bear Creek Mng V Bearing Lith* O 67 Bearing Lith V 345 Beaufield Res V 289 Beaufield Res* O 91 Beeston Ent* O 0 Bell Copper* O 52 Belmont Res V 5128 Belo Sun Mng T 843 Benchmark Met* O 25 V 32 Benchmark Met Benton Res V 741 Benz Mining* O 20 Benz Mining V 237 Berkeley Egy* O 59 81 Berkwood Res * O Berkwood Res V 460 Bethpage Cap V 9 Bitterroot Res* O 77 Bitterroot Res V 1114 Black Dragon V 158 Black Dragon* O 3 Black Hills* N 2168 Black Iron T 37 Black Iron* O 71 913 Black Isle Res V Black Mam Mtls* O 6 Black Mam Mtls V 9 4 Black Sea Cop* O Black Sea Cop V 71 Black Tusk Res 160 Blackheath Res V 405 Blackrock Gold V 131 Blackrock Gold* O 2 Blind Crk Res V 101 BLOX Inc* O 1 Blue Moon Zinc V 946 Blue Moon Zinc* O 99 V 1715 Blue Rvr Res Blue Sky Uran* O 29 Blue Sky Uran V 367 Bluestone Res* O 6 Bluestone Res V 144 Bold Vent V 12 Bonanza Gldfds* O 11811 BonTerra Res V 682 BonTerra Res* O 430 Boreal Metals V 208 Borneo Res Inv* O 1695 Bravada Gold V 991 Bravada Gold* O 705 Braveheart Res V 81 Bravo Multinat* O 54 Brazil Mnrls* O 8345 Brigadier Gold V 34 BrightRock Gld* O 80 Brilliant Sand* O 42 Britannia Mng* O 444 Brixton Mtls V 68 Brixton Mtls* O 113 Broadway Gold* O 39 Broadway Gold V 17 Brookmount Exp* O 1526 Bryn Res* O 554 Buccaneer Gold V 56 Buenaventura* N 6775 Buffalo Coal V 14 Bullfrog Gold* O 192 Bullman Mnls V 20 Bunker Hill 419 BWR Explor V 19

2.57 2.43 2.47 - 0.07 3.30 2.31 3.36 3.21 3.23 - 0.09 4.06 3.01 8.00 0.00 7.99 - 1.91 10.00 6.25 0.15 0.14 0.14 - 0.01 0.57 0.13 0.20 0.18 0.19 - 0.01 0.69 0.18 0.12 0.08 0.08 + 0.01 0.38 0.02 0.11 0.10 0.11 unch 0.00 0.85 0.10 0.09 0.07 0.09 - 0.00 0.68 0.03 0.05 0.05 0.05 + 0.00 0.06 0.02 0.07 0.06 0.06 unch 0.00 0.13 0.06 0.06 0.05 0.05 unch 0.00 0.10 0.05 0.04 0.04 0.04 unch 0.00 0.05 0.02 0.07 0.05 0.06 + 0.01 0.08 0.02 0.01 0.01 0.01 - 0.01 0.03 0.01 0.52 0.46 0.47 - 0.02 0.95 0.45 0.41 0.35 0.36 - 0.01 0.76 0.32 0.02 0.01 0.01 - 0.01 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.01 0.01 13.59 12.83 12.91 - 0.44 18.35 11.07 17.77 16.89 16.98 - 0.52 22.70 14.26 0.53 0.49 0.49 - 0.05 0.72 0.42 0.70 0.63 0.63 - 0.07 1.03 0.53 0.07 0.06 0.07 unch 0.00 0.12 0.06 0.09 0.07 0.07 - 0.01 0.22 0.07 0.12 0.11 0.11 - 0.01 0.27 0.10 0.00 0.00 0.09 unch 0.00 0.16 0.04 0.24 0.21 0.21 - 0.02 0.26 0.08 0.05 0.05 0.05 unch 0.00 0.08 0.04 2.04 1.78 1.87 + 0.07 2.74 1.64 0.28 0.23 0.23 + 0.02 0.81 0.19 0.36 0.29 0.29 + 0.02 1.03 0.24 0.08 0.07 0.07 unch 0.00 0.25 0.07 0.06 0.05 0.06 - 0.00 0.19 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.03 0.04 - 0.00 0.16 0.03 0.07 0.05 0.06 + 0.01 0.07 0.02 0.26 0.24 0.24 - 0.01 0.71 0.20 0.12 0.12 0.12 unch 0.00 0.12 0.06 0.18 0.16 0.16 - 0.01 0.38 0.15 0.07 0.06 0.07 + 0.01 0.09 0.05 0.07 0.07 0.07 unch 0.00 0.12 0.07 0.09 0.08 0.09 + 0.01 0.47 0.07 0.57 0.57 0.57 unch 0.00 0.88 0.51 0.09 0.07 0.08 unch 0.00 0.44 0.07 0.11 0.10 0.10 + 0.01 0.55 0.09 0.07 0.07 0.07 unch 0.00 0.14 0.07 0.03 0.03 0.03 + 0.01 0.24 0.03 0.04 0.00 0.04 + 0.01 0.28 0.03 0.19 0.18 0.18 + 0.01 0.39 0.12 0.11 0.11 0.11 unch 0.00 0.13 0.03 63.98 60.65 61.32 - 2.65 71.01 50.49 0.10 0.10 0.10 unch 0.00 0.17 0.08 0.07 0.07 0.07 unch 0.00 0.11 0.05 0.05 0.04 0.05 - 0.01 0.06 0.03 0.08 0.08 0.08 unch 0.00 0.17 0.08 0.11 0.11 0.11 unch 0.00 0.25 0.06 0.06 0.05 0.06 - 0.01 0.16 0.05 0.08 0.08 0.08 - 0.01 0.21 0.07 0.20 0.18 0.20 + 0.01 0.29 0.12 0.03 0.02 0.02 - 0.01 0.08 0.02 0.09 0.09 0.09 - 0.02 0.16 0.05 0.07 0.06 0.07 - 0.01 0.12 0.06 0.11 0.08 0.08 unch 0.00 0.38 0.08 0.16 0.16 0.16 unch 0.00 0.30 0.07 0.08 0.07 0.08 unch 0.00 0.14 0.03 0.07 0.05 0.06 - 0.01 0.11 0.02 0.04 0.03 0.04 - 0.01 0.05 0.01 0.16 0.14 0.15 - 0.01 0.25 0.08 0.21 0.19 0.20 - 0.01 0.32 0.10 1.16 1.14 1.14 - 0.02 1.35 0.86 1.50 1.35 1.35 - 0.15 1.60 0.95 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.41 0.39 0.40 + 0.01 0.72 0.37 0.32 0.29 0.31 - 0.00 0.57 0.28 0.18 0.16 0.16 - 0.02 0.40 0.14 0.00 0.00 0.00 + 0.00 0.00 0.00 0.11 0.10 0.10 - 0.01 0.21 0.08 0.09 0.07 0.07 - 0.00 0.17 0.05 0.09 0.08 0.09 + 0.01 0.12 0.04 0.09 0.00 0.08 - 0.02 3.05 0.08 0.00 0.00 0.00 - 0.00 0.04 0.00 0.18 0.18 0.18 unch 0.00 0.26 0.08 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.06 0.05 0.05 - 0.01 0.12 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.23 0.20 0.22 + 0.02 0.49 0.17 0.18 0.16 0.18 + 0.00 0.39 0.13 0.10 0.09 0.09 + 0.00 0.68 0.09 0.13 0.12 0.13 + 0.01 0.85 0.11 0.02 0.01 0.01 + 0.00 0.11 0.00 0.03 0.02 0.02 + 0.00 0.06 0.00 0.08 0.07 0.07 - 0.01 0.18 0.03 13.80 12.44 12.59 - 0.96 16.80 11.59 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.10 0.07 0.08 - 0.00 0.18 0.05 0.07 0.07 0.07 unch 0.00 0.10 0.06 0.60 0.44 0.45 - 0.15 3.15 0.44 0.05 0.00 0.05 unch 0.00 0.10 0.05

C Cabral Gold V 218 0.27 0.24 0.24 - 0.01 0.50 0.20 Cabral Gold* O 156 0.21 0.20 0.20 + 0.03 0.32 0.17 Cache Expl V 530 0.05 0.04 0.05 unch 0.00 0.26 0.04 Cadence Min* O 5 1.63 1.55 1.55 - 0.08 4.99 1.55 Cadillac Vent* O 17 0.02 0.02 0.02 unch 0.00 0.04 0.02 Cadillac Vent V 493 0.03 0.03 0.03 - 0.01 0.06 0.03 Cairo Res V 21 0.42 0.32 0.42 + 0.10 0.43 0.30 Caledonia Mng T 30 11.54 11.11 11.54 + 0.24 12.50 6.70 Caledonia Mng* X 65 8.80 8.40 8.40 - 0.25 9.94 5.17 Calibre Mng V 214 0.06 0.05 0.06 + 0.01 0.18 0.05 California Gld V 38 0.26 0.23 0.23 - 0.02 0.64 0.21 California Go* O 100 0.18 0.18 0.18 unch 0.00 0.49 0.16 Callinex Mines* O 99 0.18 0.16 0.17 - 0.01 0.39 0.16 Callinex Mines V 182 0.24 0.22 0.23 - 0.01 0.48 0.22 Cameco Corp* N 5115 11.15 10.84 10.96 - 0.01 12.19 7.68 Cameco Corp T 3783 14.60 14.28 14.43 + 0.04 15.95 9.90 Cameo Cobalt* O 105 0.21 0.17 0.18 - 0.03 1.02 0.14 Cameo Cobalt V 3167 0.27 0.24 0.26 - 0.01 0.46 0.10 Camino Mnls* O 0 0.12 0.00 0.12 - 0.01 0.53 0.12 Camino Mnls V 63 0.17 0.00 0.17 - 0.01 0.71 0.16 Camrova Res V 19 0.09 0.00 0.09 unch 0.00 0.16 0.06 Camrova Res* O 1 0.06 0.00 0.06 - 0.00 0.15 0.00 Canada Coal V 285 0.10 0.10 0.10 unch 0.00 0.12 0.04 Canada Cobalt* O 109 0.63 0.52 0.61 + 0.04 0.60 0.11 Canada Cobalt V 2496 0.83 0.67 0.80 + 0.04 0.80 0.15 Canada One V 37 0.09 0.09 0.09 unch 0.00 0.52 0.08 CanAlaska Uran V 156 0.40 0.34 0.36 + 0.02 0.45 0.26 CanAlaska Uran* O 19 0.30 0.00 0.26 - 0.03 0.37 0.21 CanAm Coal* O 75 0.00 0.00 0.00 unch 0.00 0.01 0.00 Canamex Gold 116 0.13 0.12 0.13 + 0.02 0.17 0.10 Canamex Gold* O 56 0.10 0.10 0.10 + 0.02 0.22 0.06

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Canarc Res T 550 Canarc Res* O 96 Canasil Res V 146 Candelaria Mg* O 3 Candelaria Mg V 13 Candente Coppr T 590 Candente Gold* O 17 V 49 Candente Gold Canex Energy V 10 CANEX Metals V 44 1 CANEX Metals * O CaNickel Mng V 20 Canterra Mnls V 32 Cantex Mn Dev* O 167 Cantex Mn Dev V 84 Canuc Res V 184 Canuc Res* O 21 O 20 Canyon Copper* Canyon Copper V 101 Capstone Mng T 1598 Caracara Silvr V 76 Caracara Silvr* O 4 Cardero Res V 24 Cardero Res* O 86 Cardinal Res* O 0 Cardinal Res T 20 Cariboo Rose V 20 Carlin Gold V 50 Carmax Mng* O 353 Carrara Explor 48399 Cartier Iron 120 Cartier Res V 351 V 120 Carube Copper Casa Minerals V 66 O 1620 Casablanca Mng* Cascadero Copp V 454 Cassius Vents V 5 Castle Peak Mg V 176 Cautivo Mining 0 Cda Carbon* O 57 Cda Carbon V 449 Cda Rare Earth V 149 Cda Rare Earth* O 43 Cdn Intl Mnrls V 18 0 Cdn Intl Mnrls* O Cdn Metals 1002 Cdn Orebodies V 115 Cdn Orebodies* O 1 Cdn Platinum V 6604 Cdn Silvr Hunt V 3013 Cdn Zinc T 586 Cdn Zinc* O 42 O 837 CellCube Enrgy* CellCube Enrgy 2835 Centamin T 32 Centaurus Diam* O 75 Centenera Mng* O 60 Centenera Mng V 71 Centerra Gold T 3326 Central Iron V 112 V 285 Centurion Mnls Century Cobalt* O 152 Century Global T 48 Cerro Grande 173 Cerro Mng V 1 Cerro Mng* O 0 Ceylon Graph V 40 Chakana Copper V 206 O 24 Chakana Copper* Chalice Gold M* O 20 220 Chalice Gold M T Champion Bear V 201 O 17 Champion Bear* Champion Iron T 1505 O 61 Champion Iron* Chantrell Vent V 197 Chatham Rock V 29 Chatham Rock* O 0 O 13 Chesapeake Gld* Chesapeake Gld V 20 Chevron Corp* N 23424 Chiboug Ind Mn V 222 O 22 Chilean Metals* Chilean Metals V 59 Chimata Gold V 248 Chimata Gold 76 China Gold Int T 528 China Mnls Mng V 83 9 China Mnls Mng* O CIM Intl Grp 8 Cipher Res V 41 Claim Post Res V 1784 Clarmin Explor V 75 Clean Comm* O 11 Clean Comm V 871 Cleghorn Mnls V 131 Cleveland-Clif* N 34604 Clifton Mng* O 21 Cloud Peak En* N 1620 CMC Metals* O 4 CMC Metals V 218 CMX Gold & Sil* O 0 127 CMX Gold & Sil CNRP Mng 373 CNRP Mng* O 185 Cobalt 27 Cap V 1477 Cobalt Block V 216 Cobalt Block* O 11 Cobalt Pwr Grp* O 250 Cobalt Pwr Grp V 1122 13797 Coeur Mng* N Colibri Res* O 2 Colibri Res V 1227 Colombia Crest V 3 Colombia Crest* O 0 Colonial Coal V 454 Colorado Gold* O 1 Colorado Res* O 213 Colorado Res V 586 Columbus Gold T 476 Columbus Gold* O 423 Comet Inds V 73 O 1 Commander Res* Commander Res V 18 Commerce Res* O 202 Commerce Res V 471 Compass Gold V 92 Comstock Mng* X 2417 V 143 Comstock Mtls Comstock Mtls * O 13 Condor Gold* O 4 Condor Res V 115 Condor Res* O 130 Confedertn Ml* O 2 Confedertn Mls V 27 Conquest Res V 675 Cons Woodjam V 214 CONSOL Coal Rs* N 83 CONSOL Energy* N 8398 CONSOL Energy* N 2250 Constantine Mt* O 56 Constantine Mt V 17 Contact Gold* O 5 Contact Gold V 332 Contact Mnrls* O 80 Contintl Gold T 566 Contintl Gold* O 132 Contintl Prec* O 3 Contintl Prec V 44 Copper Fox Mtl V 225 118 Copper Fox Mtl* O Copper Lake Rs V 65 Copper Mtn Mng T 1151 Copper Mtn Mng* O 105 Copper North M* O 0 Copper North M V 426 Copper One V 274 Copper One * O 308 Copper Reef Mg 86 Copperbank Res 497 Copperbank Res* O 29 Coral Gold * O 13 Coral Gold V 133 Cordoba Mnls V 189 Cordoba Mnls* O 35 Core Gold V 1312 Core Gold* O 445 Core Lithium* O 1 Cornerstone Ca V 392 Cornerstone Ca* O 247 Cornerstone Mt* O 364 Cornerstone Mt V 1546 Coro Mining T 513 Corsa Coal V 261 Corsa Coal * O 3 Corvus Gold T 427 Corvus Gold* O 68 CR Capital V 108 Crazy Horse Res* O 0 Critical Elem V 273 Critical Elem* O 13 CROPS V 295 Crown Mining* O 21 Crown Mining V 88 Cruz Cobalt V 850 Cruz Cobalt* O 422 Crystal Lake V 436 Crystal Lake* O 11 Crystal Peak* O 25 Crystal Peak V 79 CTGX Mining* O 0 Currie Rose Rs V 218 CWN M’g Acq V 6 Cyclone Uran* O 118

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(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Cypress Dev* O 151 Cypress Dev V 585

0.07 0.25 + 0.02 0.34 0.29 0.24 0.08 0.32 + 0.02 0.43 0.38 0.31

Dajin Res V 296 Dajin Res* O 580 26 Dakota Ter Res* O Daleco Res* O 1075 Dalradian Res* O 777 Dalradian Res T 2495 Damara Gold V 2170 Damara Gold* O 0 Danakali* O 101 Debut Dmds 196 Decade Res V 443 Decade Res* O 208 Declan Res 128 O 0 Deep-South Res* V 309 Deep-South Res Defiance Silvr V 123 Defiance Silvr* O 86 Delrand Res V 210 Denison Mines T 1197 X 1426 Denison Mines* Desert Gold V 54 Desert Lion* O 4 Desert Lion V 1182 350 Desert Mtn Egy V 36 Desert Mtn Egy* O Detour Gold T 3001 Diamante Min* O 31 Diamcor Mng* O 42 Diamcor Mng V 112 Diamond Disc* O 50 V 18 Diamond Fields O 4 Diamond Fields* Dios Expl V 378 O 562 Discovery Gold* V 2 Discovery Harb Discovery Met V 2500 22800 O Discovery Mnls* V 5 Discovery-Corp District Cop V 630 Ditem Explor* O 144 DNI Metals 796 DNI Metals* O 225 174 Dolat Ventures* O 67 Dolly Vard Sil* O 104 V Dolly Vard Sil V 541 Doubleview Cap DRDGOLD* N 146 150 Duncan Park H V 612 Dundee Prec Mt T O 29 Dunnedin Vent* Duran Vent V 725 100 O Duran Vent * Durango Res V 316 Durango Res* O 26 DV Resources V 197 153 Dynacor Gld Mn T 53 Dynacor Gld Mn* O O 1 Dynamic Gold* O 0 DynaResource* Dynasty Gold V 5 Dynasty Gold* O 38 E3 Metals V 14 Eagle Graphite V 90 O 10 Eagle Graphite* Eagle Plains V 357 299 V East Africa 14 O East Africa * 3 East Asia Mnls* O 312 East Asia Mnls V EastCoal Inc V 0 Eastern Platin* O 100 Eastern Platin T 133 Eastern Res* O 200 Eastfield Res V 300 Eastmain Res* O 81 Eastmain Res T 456 39 Eco Oro Mnls 32 Eco Oro Mnls* O eCobalt Solns T 1013 eCobalt Solns* O 575 V 1 Edgewater Expl O 3 Edgewater Expl* 814 El Capitan Prc* O 69 O El Nino Vent* 475 V El Nino Vent Elcora Res V 125 Elcora Res* O 59 13421 N Eldorado Gold* Eldorado Gold T 8280 Electra Stone V 1500 Eloro Mnrls* O 0 Eloro Mnrls V 45 189 Ely Gold Royal V 106 Ely Gold Royal* O 17 O Elysee Dev * Elysee Dev V 14 Emerita Res V 371 Emgold Mng* O 3 Emgold Mng V 49 Empire Rock V 2 EMX Royalty* X 232 EMX Royalty V 68 O 2 Encanto Potash* V 105 Encanto Potash EnCore Energy V 46 Endeavour Mng T 786 O 20 Endeavour Mng* N 5483 Endeavr Silver* Endeavr Silver T 1004 V 125 Endurance Gold Energy Fuels* X 3480 Energy Fuels T 714 Enforcer Gold* O 6 Enforcer Gold V 300 Engineer Gold V 787 Engold Mines V 99 Engold Mines* O 117 Ensurge* O 72 Entree Gold* X 224 Entree Gold T 186 Equitorial Ex V 715 Equitorial Ex* O 10 62 Erdene Res Dev* O 183 Erdene Res Dev T Erin Ventures* O 27 Erin Ventures V 524 320 T Ero Copper Ero Copper* O 1 4 Eros Res Corp* O 71 Eros Res Corp V 71 Eros Res Corp V Eskay Mng V 390 V 50 Essex Minerals Ethos Gold* O 13 Ethos Gold V 139 17 Euro Sun Mg* O 88 T Euro Sun Mg EurOmax Res* O 8 EurOmax Res T 20 O 5 European Elect* V 112 European Elect O 75 European Metal* V 0 Eurotin Everton Res* O 15 Everton Res V 421 55 EVI Global Grp Evolving Gold 13 Evolving Gold* O 5 Evrim Res V 347 Excellon Res T 401 Excellon Res* O 297 O 545 Excelsior Mng* Excelsior Mng T 1039 60 ExGen Res Inc V Explor Res* O 70 Explor Res V 632 Explorex Res* O 92 Explorex Res 198 Fairmont Res* O 18 Fairmont Res V 186 Falco Res V 512 58 O Falco Res * Falcon Gold V 600 Fancamp Expl V 199 O 130 Far Res* Far Res 4729 O 14 Fengro Industr* Fengro Industr V 38 55 V Filo Mg Corp Finlay Minrls V 401 Fiore Gold* O 255 Fiore Gold V 429 1 Fire River Gol* O Firebird Res V 319 Firesteel Res V 255 Firesteel Res* O 430 Firestone Vent V 92 Fireweed Zinc V 173 O 164 Fireweed Zinc* O 29 Firma Holdings* First Bauxite V 72 First Bauxite* O 150 O 1593 First Cobalt * First Cobalt V 9971 O 1040 First Colombia* First Energy* O 1 First Energy V 114 First Legacy V 25 First Liberty* O 1057

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0.00 0.01 0.00 0.00 0.05 unch 0.00 0.09 0.06 0.00 0.00 0.27 0.32 - 0.03 0.92 0.35 0.32 0.00 0.00 - 0.00 0.00 0.00 0.00 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.05 0.05 - 0.04 0.21 0.09 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.06 unch 0.00 0.16 0.09 0.09 0.08 0.01 0.07 - 0.01 0.13 0.08 0.06 0.45 0.50 - 0.08 15.80 0.45 0.57 0.84 0.36 0.38 0.38 - 0.02 0.42 1.04 0.45 0.49 0.49 - 0.03 0.55 0.04 unch 0.00 0.13 0.10 0.11 0.10 2.23 2.41 - 0.06 4.11 2.57 2.41 0.02 0.01 0.01 0.01 unch 0.00 0.01 3.60 2.33 2.93 2.96 - 0.16 3.18 0.13 0.15 - 0.01 0.26 0.17 0.15 0.04 0.07 + 0.02 0.10 0.07 0.05 0.08 0.03 0.05 0.05 + 0.00 0.06 0.06 unch 0.00 0.14 0.08 0.08 0.08 0.05 unch 0.00 0.08 0.05 0.05 0.05 0.10 0.21 - 0.02 0.50 0.23 0.21 2.26 1.50 1.59 1.61 - 0.12 1.75 1.85 1.03 1.21 1.21 - 0.10 1.33 0.75 2.00 - 0.75 3.00 2.75 0.00 0.90 unch 0.00 1.50 1.25 1.25 0.00 0.10 0.24 + 0.01 0.27 0.24 0.20 0.07 0.17 - 0.01 0.22 0.17 0.17 0.32 0.36 - 0.02 1.01 0.38 0.36 0.12 0.15 + 0.02 0.36 0.18 0.12 0.01 0.12 + 0.02 0.18 0.14 0.12 0.13 0.14 - 0.01 0.29 0.15 0.14 0.37 0.16 0.17 0.21 + 0.01 0.21 0.28 0.13 0.13 0.13 unch 0.00 0.13 0.34 0.02 0.02 0.02 unch 0.00 0.02 0.46 0.03 0.03 0.04 + 0.01 0.04 0.07 unch 0.00 0.12 0.12 0.00 0.00 0.21 0.26 + 0.02 0.37 0.26 0.24 0.26 0.34 + 0.03 0.50 0.34 0.32 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.03 unch 0.00 0.05 0.04 0.04 0.03 0.14 0.16 - 0.01 0.32 0.18 0.15 0.16 0.21 - 0.02 0.38 0.23 0.21 0.45 0.15 0.18 0.19 - 0.03 0.21 0.37 0.12 0.15 0.16 + 0.01 0.16 0.88 0.96 + 0.02 2.10 1.05 0.91 0.65 0.74 + 0.03 1.74 0.78 0.69 0.12 0.16 - 0.01 0.21 0.16 0.00 0.09 unch 0.00 0.16 0.12 0.12 0.12 0.09 0.01 0.02 0.02 - 0.00 0.02 0.06 0.02 0.03 0.03 unch 0.00 0.03 0.08 0.02 0.05 0.05 + 0.01 0.05 0.13 0.22 - 0.02 0.56 0.24 0.21 0.12 0.17 - 0.01 0.44 0.19 0.16 0.80 1.08 + 0.03 2.60 1.11 1.02 1.03 1.42 + 0.06 3.22 1.47 1.34 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.45 unch 0.00 0.96 0.51 0.00 0.00 0.53 0.60 - 0.03 1.27 0.64 0.56 0.15 0.09 0.10 0.12 + 0.01 0.12 0.13 0.07 0.08 0.09 + 0.01 0.09 0.31 0.20 0.26 0.27 - 0.01 0.29 0.26 0.36 + 0.01 0.39 0.37 0.35 0.06 0.06 - 0.02 0.17 0.07 0.06 0.09 unch 0.00 0.25 0.12 0.12 0.12 0.14 unch 0.00 0.31 0.18 0.20 0.18 0.12 0.12 - 0.03 0.30 0.12 0.00 0.67 1.05 + 0.01 1.34 1.14 1.01 0.85 1.37 + 0.03 1.70 1.52 1.25 0.02 0.15 - 0.01 0.22 0.16 0.15 0.20 0.19 - 0.03 0.70 0.23 0.19 0.04 0.06 + 0.01 0.08 0.06 0.05 20.61 22.44 - 1.75 26.86 24.65 22.17 16.01 17.03 - 1.49 21.72 18.87 16.98 1.94 2.94 - 0.29 3.35 3.35 2.90 2.50 3.86 - 0.38 4.40 4.38 3.83 0.05 unch 0.00 0.09 0.07 0.07 0.06 1.30 2.33 - 0.13 2.65 2.52 2.29 1.66 3.07 - 0.14 3.43 3.27 3.01 0.04 unch 0.00 0.17 0.04 0.04 0.04 0.05 0.06 + 0.01 0.23 0.06 0.05 0.08 0.09 + 0.01 0.11 0.09 0.08 0.14 unch 0.00 0.38 0.20 0.21 0.18 0.13 unch 0.00 0.29 0.13 0.14 0.13 0.02 unch 0.00 0.09 0.07 0.07 0.07 0.33 0.45 + 0.00 0.69 0.48 0.44 0.42 unch 0.00 0.85 0.60 0.61 0.58 0.06 0.06 - 0.01 0.15 0.07 0.06 0.04 0.05 - 0.01 0.11 0.05 0.00 0.75 0.25 0.29 0.29 - 0.00 0.29 0.94 0.32 0.37 0.38 unch 0.00 0.39 0.01 0.14 - 0.01 0.23 0.16 0.14 0.08 0.19 - 0.04 0.33 0.27 0.15 8.69 8.87 - 0.13 10.85 4.70 9.31 3.88 6.77 - 0.19 8.12 6.77 0.00 0.18 0.08 0.07 0.07 - 0.01 0.08 0.23 0.11 0.00 0.11 - 0.01 0.11 0.23 0.11 0.00 0.11 - 0.01 0.11 0.18 0.26 - 0.01 0.51 0.35 0.25 0.09 unch 0.00 0.25 0.10 0.10 0.10 0.10 0.11 - 0.01 0.23 0.12 0.11 0.13 unch 0.00 0.28 0.15 0.17 0.15 1.55 0.67 0.00 0.67 unch 0.00 0.68 2.02 0.88 0.88 0.89 - 0.04 0.94 0.12 unch 0.00 0.35 0.12 0.12 0.12 0.17 unch 0.00 0.47 0.20 0.20 0.17 0.09 0.14 + 0.04 0.79 0.14 0.09 0.13 0.15 + 0.01 0.93 0.18 0.14 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.05 unch 0.00 0.10 0.06 0.00 0.00 0.02 0.02 - 0.00 0.05 0.02 0.02 0.03 unch 0.00 0.06 0.04 0.04 0.04 0.43 0.03 0.19 0.20 + 0.02 0.22 0.09 unch 0.00 0.41 0.09 0.09 0.09 0.05 0.05 - 0.01 0.32 0.07 0.05 0.20 unch 0.00 1.70 1.09 1.10 1.08 1.29 1.37 - 0.02 2.30 1.46 1.32 0.99 1.05 - 0.00 1.87 1.10 0.99 0.74 0.79 - 0.08 1.21 0.90 0.75 0.93 1.02 - 0.10 1.50 1.18 1.00 0.04 0.01 0.01 0.01 unch 0.00 0.01 0.02 0.04 + 0.00 0.08 0.04 0.02 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.15 0.27 + 0.06 0.31 0.27 0.26 0.18 0.37 - 0.01 0.65 0.40 0.33 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.01 0.02 + 0.01 0.04 0.02 0.02 0.49 0.53 - 0.02 1.25 0.57 0.51 1.01 0.38 0.39 0.39 - 0.05 0.44 0.04 unch 0.00 0.08 0.04 0.04 0.04 0.05 unch 0.00 0.18 0.09 0.09 0.08 0.11 0.15 - 0.04 0.87 0.19 0.14 0.12 0.20 - 0.05 1.10 0.26 0.19 0.08 unch 0.00 0.23 0.08 0.08 0.08 0.10 0.10 - 0.04 0.40 0.12 0.10 2.80 2.00 0.00 2.30 - 0.03 2.40 0.05 unch 0.00 0.34 0.05 0.05 0.05 0.24 0.31 - 0.03 0.95 0.37 0.31 0.41 0.41 - 0.06 1.18 0.47 0.40 0.51 0.00 0.01 0.01 unch 0.00 0.01 0.01 unch 0.00 0.09 0.04 0.04 0.03 0.05 0.15 + 0.01 0.17 0.16 0.14 0.12 0.10 - 0.02 0.12 0.12 0.10 0.03 unch 0.00 0.19 0.08 0.08 0.00 0.67 1.39 + 0.07 2.14 1.47 1.30 0.54 1.00 + 0.00 1.67 1.13 1.00 0.02 0.05 - 0.01 0.13 0.05 0.05 0.03 0.04 - 0.01 0.06 0.05 0.04 0.02 unch 0.00 0.04 0.03 0.03 0.03 1.30 0.26 0.26 0.33 + 0.02 0.36 0.35 0.44 + 0.04 1.65 0.46 0.35 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.10 0.19 - 0.03 0.32 0.19 0.19 0.15 0.25 - 0.04 0.43 0.26 0.00 0.13 unch 0.00 0.25 0.15 0.15 0.15 0.00 0.00 - 0.00 0.00 0.00 0.00

D-F

2018-07-17 4:12 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JULY 23â&#x20AC;&#x201C;AUGUST 5 2018

Week

12-month

Exc Volume High Low Last Change High Low

First Majestic T 2501 First Majestic* N 12071 First Mexican V 222 First Mg Fin T 1947 First Mg Fin * O 1489 First Point* O 175 First Quantum T 15416 V 232 Fission 3.0 Fission 3.0* O 59 Fission Uran* O 670 Fission Uran T 1087 Five Star Diam V 110 Fjordland Exp* O 2 Fjordland Exp V 141 Focus Graphite* O 166 Focus Graphite V 49 Foran Mng V 117 Forsys Metals T 88 Fort St James V 107 Fortescue Met* O 9 Fortuna Silvr* N 3589 Fortuna Silvr T 1483 Fortune Bay* O 2 Fortune Bay V 6 Fortune Mnrls* O 745 Fortune Mnrls T 3368 Forum Energy V 90 Forum Energy* O 82 Four Nines 436 Fox River Res 61 FPX Nickel V 492 Franco-Nevada* N 2182 Franco-Nevada T 1654 Franklin Mng* O 1 Freedom Egy V 53 Freegold Vent T 105 Freeport McMoR* N 104621 Fremont Gold* O 10 Fremont Gold V 253 Fresnillo plc* O 3 Frontier Lith V 41 Frontline Gold V 1 Fura Gems V 242 Fura Gems* O 11

11.09 9.94 10.12 - 0.71 11.09 6.24 8.48 7.54 7.70 - 0.56 8.48 4.93 0.05 0.03 0.04 unch 0.00 0.07 0.01 0.45 0.42 0.42 - 0.02 0.75 0.41 0.34 0.32 0.32 - 0.02 0.60 0.31 0.11 0.10 0.10 - 0.01 0.13 0.06 20.04 18.19 18.86 unch 0.00 23.05 12.09 0.15 0.12 0.13 - 0.02 0.36 0.08 0.11 0.00 0.09 - 0.01 0.17 0.02 0.54 0.49 0.51 - 0.02 0.72 0.43 0.71 0.66 0.68 - 0.02 0.89 0.55 0.14 0.11 0.11 - 0.03 0.30 0.09 0.12 0.12 0.12 unch 0.00 0.47 0.08 0.28 0.19 0.26 + 0.07 0.59 0.10 0.04 0.03 0.03 - 0.00 0.08 0.03 0.04 0.00 0.04 unch 0.00 0.11 0.04 0.48 0.42 0.45 - 0.03 0.62 0.25 0.17 0.16 0.16 - 0.01 0.21 0.09 0.30 0.20 0.30 unch 0.00 0.59 0.15 3.25 0.00 3.16 + 0.00 4.79 3.16 5.94 5.40 5.53 - 0.33 6.08 4.03 7.77 7.11 7.27 - 0.40 7.78 5.13 0.25 0.00 0.23 - 0.03 0.48 0.22 0.34 0.00 0.33 - 0.02 0.62 0.32 0.14 0.10 0.12 + 0.01 0.33 0.00 0.19 0.14 0.16 + 0.02 0.38 0.12 0.05 0.00 0.05 - 0.01 0.09 0.04 0.05 0.03 0.03 - 0.01 0.07 0.03 0.08 0.07 0.08 unch 0.00 0.16 0.07 0.06 0.06 0.06 unch 0.00 0.15 0.05 0.14 0.11 0.11 - 0.02 0.18 0.07 75.71 72.47 73.20 - 1.81 86.06 66.19 98.85 95.14 96.33 - 1.95 110.18 85.21 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.06 0.06 + 0.01 0.12 0.04 0.08 0.07 0.08 unch 0.00 0.15 0.06 18.14 16.46 16.80 - 0.71 20.25 12.30 0.10 0.10 0.10 - 0.00 0.17 0.10 0.14 0.13 0.13 unch 0.00 0.22 0.10 15.44 14.60 14.61 - 0.11 22.04 14.60 0.43 0.41 0.41 - 0.02 0.85 0.31 0.00 0.00 0.02 unch 0.00 0.03 0.01 0.41 0.37 0.39 + 0.02 1.13 0.34 0.32 0.00 0.30 - 0.02 1.23 0.27

G-H Gabriel Res* O 175 0.26 0.23 0.24 + 0.01 0.34 0.21 Gabriel Res V 347 0.34 0.31 0.34 + 0.03 0.45 0.27 Gainey Capital V 200 0.06 0.05 0.05 - 0.01 0.20 0.06 0.06 + 0.01 0.11 0.05 Galane Gold V 223 0.06 0.05 Galane Gold * O 5 0.04 0.04 0.04 unch 0.00 0.07 0.03 Galantas Gold* O 99 0.08 0.07 0.08 - 0.01 0.10 0.06 Galantas Gold V 106 0.11 0.10 0.11 + 0.01 0.13 0.07 Galore Res V 125 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.05 unch 0.00 0.16 0.04 Galway Gold V 127 0.05 0.00 Galway Mtls* O 95 0.16 0.13 0.14 - 0.02 0.36 0.13 Galway Mtls V 149 0.21 0.18 0.19 - 0.02 0.45 0.18 GAR Limited 3925 0.09 0.07 0.08 - 0.01 0.65 0.06 Garibaldi Res * O 69 2.48 2.33 2.35 - 0.05 4.12 0.13 3.13 - 0.09 5.27 0.16 Garibaldi Res V 559 3.26 3.00 General Moly* X 629 0.44 0.41 0.43 + 0.02 0.51 0.28 General Moly T 5 0.53 0.53 0.53 unch 0.00 0.60 0.35 Generation Min 35 0.20 0.16 0.18 + 0.02 0.20 0.08 Generic Gold 25 0.24 0.24 0.24 unch 0.00 0.32 0.18 0.05 - 0.01 0.18 0.05 Genesis Mtls* O 270 0.06 0.05 Genesis Mtls V 644 0.08 0.06 0.07 unch 0.00 0.22 0.06 Genius Props * O 5 0.18 0.18 0.18 - 0.00 0.22 0.17 0.23 unch 0.00 0.31 0.12 Genius Props 205 0.24 0.21 Gensource Pot V 607 0.15 0.14 0.15 unch 0.00 0.16 0.06 0.10 unch 0.00 0.20 0.06 Gentor Res V 100 0.10 0.10 Gentor Res* O 0 0.00 0.00 0.13 unch 0.00 0.13 0.03 Geomega Res* O 70 0.08 0.08 0.08 unch 0.00 0.12 0.04 Geomega Res V 337 0.11 0.09 0.09 - 0.01 0.20 0.06 Gespeg Cop Res V 228 0.04 0.03 0.04 + 0.01 0.07 0.02 0.02 unch 0.00 0.04 0.02 Getty Copper V 140 0.03 0.02 GFG Resources* O 112 0.22 0.18 0.20 + 0.02 0.66 0.16 GGL Res V 4 0.12 0.00 0.12 + 0.01 0.19 0.10 GGX Gold V 854 0.09 0.07 0.09 + 0.02 0.22 0.07 GGX Gold* O 50 0.06 0.06 0.06 - 0.00 0.16 0.06 0.32 + 0.05 0.92 0.05 Giga Metals V 542 0.37 0.26 Giga Metals* O 206 0.29 0.19 0.25 + 0.04 0.72 0.11 Gitennes Expl V 216 0.07 0.06 0.07 + 0.01 0.15 0.04 Giyani Gold V 52 0.21 0.19 0.20 unch 0.00 0.50 0.20 Giyani Gold* O 29 0.17 0.14 0.16 + 0.01 0.41 0.14 0.05 unch 0.00 0.06 0.04 Glacier Lake* O 9 0.05 0.05 Glacier Lake V 225 0.06 0.05 0.05 unch 0.00 0.13 0.05 Gldn Predator* O 260 0.33 0.28 0.31 - 0.01 1.02 0.28 Gldn Predator V 548 0.44 0.38 0.39 - 0.03 1.30 0.38 Glen Eagle Res V 292 0.17 0.12 0.17 + 0.02 0.31 0.11 8.85 8.06 8.22 - 0.44 11.68 8.06 Glencore Plc* O 7477 Global Atomic V 258 0.33 0.28 0.32 + 0.01 0.59 0.20 Global Cobalt* O 41 0.01 0.00 0.01 + 0.01 0.43 0.00 Global Energy V 108 0.11 0.10 0.11 - 0.01 0.27 0.08 Global Energy* O 18 0.08 0.08 0.08 + 0.00 0.22 0.06 O 0 0.00 0.00 2.00 unch 0.00 12.55 1.78 Global Gold* Global Hunter* O 0 0.01 0.00 0.01 - 0.00 0.10 0.01 Global Li-Ion 265 0.23 0.20 0.20 - 0.03 0.97 0.20 Global Li-Ion* O 30 0.17 0.15 0.15 - 0.02 0.80 0.16 GlobalMin Vent* O 4 3.45 0.00 3.00 + 0.30 140.00 2.00 0.28 - 0.02 0.48 0.27 Globex Mng* O 5 0.29 0.28 Globex Mng T 24 0.40 0.37 0.39 + 0.01 0.59 0.36 GMV Minerals* O 126 0.13 0.12 0.13 + 0.01 0.42 0.12 GMV Minerals V 142 0.19 0.17 0.19 + 0.01 0.49 0.17 GNCC Capital* O 696368 0.00 0.00 0.00 unch 0.00 0.00 0.00 Go Cobalt 9 0.15 0.00 0.14 unch 0.00 0.22 0.08 V 25 0.35 0.34 0.34 unch 0.00 0.55 0.33 GobiMin GoGold Res T 323 0.45 0.42 0.43 + 0.02 0.65 0.31 Gold Dynamics* O 112 0.00 0.00 0.00 + 0.00 0.01 0.00 Gold Fields* O 10 3.60 3.60 3.60 unch 0.00 4.80 3.53 Gold Fields* N 17720 3.75 3.51 3.56 - 0.15 4.70 3.45 Gold Finder Ex V 715 0.44 0.34 0.44 + 0.06 1.85 0.11 Gold Finder Ex* O 248 0.30 0.27 0.30 + 0.03 1.33 0.00 Gold Lakes* O 7 0.05 0.00 0.04 unch 0.00 5.00 0.01 Gold Reserve V 21 3.39 3.00 3.15 unch 0.00 5.35 2.50 Gold Reserve* O 23 2.55 2.31 2.40 + 0.05 4.25 2.05 Gold Resource* X 1842 7.26 6.82 6.89 - 0.24 7.26 3.37 Gold Rush Cari V 188 0.17 0.14 0.14 - 0.01 0.35 0.13 Gold Std Vents T 616 2.00 1.87 1.90 - 0.03 2.46 1.50 921 1.50 1.42 1.44 - 0.03 2.01 1.15 Gold Std Vents* X Goldbank Mng V 2 0.14 0.00 0.14 - 0.01 0.34 0.11 Goldcliff Res* O 23 0.08 0.07 0.07 - 0.00 0.41 0.07 Goldcliff Res V 65 0.10 0.09 0.09 - 0.01 0.52 0.09 Goldcorp T 7189 18.50 17.37 17.38 - 0.91 19.32 15.00 Goldcorp* N 20777 14.15 13.16 13.23 - 0.73 15.55 11.64 Golden Arrow V 378 0.50 0.47 0.49 unch 0.00 0.72 0.37 Golden Arrow* O 389 0.38 0.35 0.36 - 0.00 0.58 0.29 Golden Band* O 23 0.00 0.00 0.00 + 0.00 0.01 0.00 Golden Cariboo V 3 0.00 0.00 0.08 unch 0.00 0.19 0.05 576 0.30 0.28 0.29 + 0.01 0.63 0.16 Golden Dawn Ml V Golden Dawn Ml* O 1 0.22 0.22 0.22 + 0.01 0.31 0.10 Golden Global* O 20 0.15 0.13 0.13 - 0.03 0.19 0.00 Golden Goliath* O 119 0.03 0.02 0.02 + 0.00 0.05 0.01 Golden Goliath V 581 0.03 0.03 0.03 unch 0.00 0.06 0.03 Golden Hope* O 16 0.08 0.07 0.07 + 0.00 0.11 0.06 Golden Hope V 57 0.11 0.09 0.09 - 0.01 0.14 0.07 Golden Mnls* X 897 0.34 0.28 0.30 - 0.01 0.64 0.28 Golden Mnls T 15 0.41 0.38 0.41 unch 0.00 0.75 0.38 Golden Peak Mn* O 128 0.41 0.36 0.36 + 0.14 0.41 0.22 Golden Peak Mn V 4293 0.56 0.41 0.45 - 0.01 0.56 0.16 Golden Pursuit V 9 0.15 0.00 0.15 + 0.01 0.21 0.11 Golden Pursuit* O 5 0.11 0.11 0.11 unch 0.00 0.16 0.11 Golden Queen T 244 0.22 0.20 0.20 - 0.02 0.70 0.16 Golden Queen* O 345 0.17 0.15 0.15 - 0.00 0.56 0.12 Golden Reign V 72 0.20 0.19 0.19 - 0.01 0.37 0.18 Golden Ridge V 1776 0.21 0.17 0.18 - 0.03 0.41 0.11 Golden Secret V 100 0.27 0.27 0.27 unch 0.00 0.50 0.19 Golden Share V 26 0.17 0.17 0.17 + 0.01 0.30 0.09 Golden Share* O 30 0.13 0.13 0.13 unch 0.00 0.20 0.09 Golden Star T 1651 0.90 0.85 0.89 + 0.01 1.17 0.70 Golden Star* X 3235 0.69 0.65 0.67 - 0.01 0.92 0.56 Golden Sun* O 5 0.00 0.00 0.00 unch 0.00 0.00 0.00 Golden Tag V 205 0.08 0.08 0.08 unch 0.00 0.08 0.03 Golden Valley* O 106 0.22 0.21 0.22 + 0.01 0.25 0.19 Golden Valley V 377 0.29 0.26 0.29 + 0.01 0.31 0.24 Goldex Res* O 6 0.49 0.36 0.36 - 0.21 1.96 0.36 Goldex Res V 151 0.60 0.48 0.48 - 0.16 2.56 0.44 Goldgroup Mng T 218 0.07 0.06 0.06 unch 0.00 0.12 0.05 Goldgroup Mng* O 78 0.05 0.04 0.04 - 0.01 0.09 0.03 GoldMining T 748 1.03 0.88 0.94 + 0.02 1.96 0.87 GoldMining* O 518 0.97 0.66 0.71 + 0.01 1.58 0.60 GoldON Res V 17 0.14 0.13 0.14 unch 0.00 0.20 0.10 Goldplay Expl* O 20 0.17 0.17 0.17 unch 0.00 0.17 0.17 Goldplay Expl V 158 0.24 0.20 0.23 + 0.01 0.34 0.12 GoldQuest Mng V 230 0.21 0.19 0.19 - 0.01 0.50 0.18 Goldrea Res 418 0.12 0.10 0.11 - 0.01 0.38 0.04 0.08 - 0.00 0.30 0.03 Goldrea Res* O 48 0.08 0.08 Goldrich Mng* O 44 0.03 0.03 0.03 - 0.01 0.06 0.02 Goldsource Min* O 487 0.05 0.04 0.05 - 0.00 0.11 0.04 Goldsource Min V 1584 0.07 0.06 0.06 unch 0.00 0.14 0.06 Goldstar Mnls V 512 0.09 0.06 0.08 + 0.02 0.09 0.03 Goldstream Mnl V 1357 0.18 0.12 0.16 + 0.02 0.18 0.05 Goldstrike Res V 1006 0.23 0.17 0.20 + 0.04 0.39 0.13 Goliath Res V 2373 0.29 0.23 0.26 + 0.03 0.40 0.08 Goliath Res* O 26 0.21 0.20 0.20 - 0.01 0.21 0.21 Gossan Res V 192 0.08 0.07 0.08 - 0.02 0.12 0.05 GoviEx Uranium* O 261 0.17 0.16 0.16 - 0.01 0.27 0.14 GoviEx Uranium V 1077 0.23 0.22 0.22 unch 0.00 0.33 0.17 Gowest Gold* O 236 0.05 0.04 0.04 - 0.01 0.18 0.04 Gowest Gold V 822 0.06 0.06 0.06 unch 0.00 0.23 0.06 GPM Metals* O 22 0.04 0.04 0.04 unch 0.00 0.11 0.02 GPM Metals V 62 0.06 0.05 0.05 - 0.01 0.18 0.04 Gran Colombia* O 41 2.25 2.05 2.16 - 0.05 2.62 1.08 Gran Colombia T 312 2.95 2.70 2.83 - 0.05 3.45 1.34 Granada Gold V 201 0.23 0.21 0.22 - 0.01 0.56 0.17 Granada Gold* O 24 0.18 0.16 0.16 + 0.01 0.46 0.13 Grande Portage V 53 0.22 0.21 0.22 + 0.01 0.71 0.14 Grande Portage* O 99 0.18 0.15 0.16 - 0.02 0.56 0.12 Graphite Egy 85 0.20 0.18 0.18 unch 0.00 1.76 0.12 Graphite Egy* O 198 0.15 0.11 0.14 + 0.00 1.56 0.08 Graphite One* O 612 0.05 0.04 0.04 - 0.00 0.09 0.03 Graphite One V 336 0.06 0.05 0.06 + 0.01 0.12 0.04 Gratomic V 11353 0.16 0.12 0.13 + 0.01 0.32 0.05 Gratomic* O 8 0.12 0.09 0.12 + 0.01 0.21 0.04 Gray Rock Res V 46 0.17 0.13 0.14 - 0.03 0.57 0.13 Great Atlantic V 614 0.10 0.07 0.08 - 0.01 0.24 0.06 Great Bear Res V 389 0.60 0.52 0.55 unch 0.00 0.73 0.23 Great Bear Res* O 98 0.46 0.40 0.42 - 0.01 0.59 0.21 Great Lakes Gr* O 340 0.05 0.04 0.04 + 0.00 0.08 0.02 Great Lakes Gr V 247 0.06 0.05 0.06 + 0.01 0.09 0.03 Great Panther* X 1437 1.15 1.10 1.12 - 0.02 1.46 1.06 Great Panther T 207 1.51 1.45 1.46 - 0.03 1.86 1.38

20-22_JULY23_StockTables.indd 21

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Great Quest Fe V 111 Great Thunder V 129 Great Western* O 277 Greatbanks Res* O 0 Green Arrow V 50 Green River 475 Green Swan Cap V 254 V 102 Greencastle Rs Greenland M&En* O 845 Greenshield Ex V 1 Grenville Gold V 5 Grid Metals V 127 Grid Metals* O 136 Grizzly Discvr* O 51 Grizzly Discvr V 246 Grosvenor Res V 18 Group Eleven V 125 33 Group Ten Mtls* O Group Ten Mtls V 180 GrowMax Res* O 743 GrowMax Res V 2313 GT Gold V 724 GT Gold * O 147 GTA Res & Mng V 115 Guerrero Vents V 532 Gungnir Res V 263 Gungnir Res* O 122 Gunpoint Expl V 31 Guyana Gldflds T 1213 Guyana Goldstr V 526 O 7 Guyana Goldstr* Handa Mining V 240 Handeni Gold* O 0 Hannan Metals V 154 Hannan Metals* O 80 198 Happy Ck Mnrls V Harfang Explor V 95 Harmony Gold* N 13455 Harte Gold* O 213 Harte Gold T 1182 Harvest Gold* O 320 Harvest Gold V 917 Hawkeye Gld&Di V 429 Heatherdale Rs V 31 Hecla Mining* N 13713 Helio Res V 1320 Helio Res* O 1 Hellix Vent* O 32 Hemcare Health* O 12 Heron Res* O 12 HFX Holding V 40 Highbank Res V 309 Highland Copp V 366 Highland Copp* O 135 Highway 50 Gld V 37 1 Highway 50 Gld* O HiHo Silver 266 HiHo Silver* O 15 Hinterland Mtl V 2 Hochschild Mg* O 183 O 0 Homeland Egy* Homeland Egy V 3 Honey Badger E V 3159 Honey Badger E* O 24 Horizonte Mnls T 2536 600 Hornby Bay Mnl V HudBay Mnls* N 2769 HudBay Mnls T 8039 Hudson Res V 195 Hudson Res* O 34 Hunt Mng* O 25 Hunt Mng V 12 Hut 8 Mining* O 4 Hut 8 Mining V 424 Hybrid Mineral V 103

0.08 0.07 0.08 unch 0.00 0.24 0.07 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.00 0.00 0.00 + 0.00 0.01 0.00 0.00 0.00 0.02 unch 0.00 0.03 0.02 0.03 0.03 0.03 unch 0.00 0.19 0.03 0.07 0.06 0.06 unch 0.00 0.09 0.03 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.09 0.08 0.08 - 0.01 0.18 0.07 0.06 0.06 0.06 - 0.00 0.11 0.05 0.15 0.00 0.15 unch 0.00 0.15 0.05 0.11 0.11 0.11 unch 0.00 0.17 0.08 0.17 0.15 0.15 - 0.01 0.52 0.10 0.12 0.11 0.11 - 0.01 0.37 0.07 0.06 0.06 0.06 unch 0.00 0.11 0.03 0.09 0.08 0.08 - 0.01 0.14 0.04 0.19 0.00 0.19 unch 0.00 0.20 0.15 0.19 0.17 0.17 - 0.02 0.40 0.14 0.15 0.12 0.12 - 0.01 0.23 0.08 0.19 0.17 0.18 unch 0.00 0.28 0.09 0.10 0.09 0.09 - 0.01 0.13 0.06 0.14 0.13 0.13 - 0.01 0.19 0.09 0.95 0.84 0.89 - 0.04 2.76 0.32 0.72 0.64 0.67 - 0.04 2.24 0.36 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.11 0.01 0.11 + 0.01 0.30 0.10 0.12 0.11 0.12 + 0.01 0.22 0.05 0.10 0.08 0.10 + 0.00 0.17 0.03 0.40 0.38 0.38 unch 0.00 0.41 0.16 5.13 4.79 4.82 - 0.18 5.51 3.96 0.35 0.30 0.32 - 0.02 0.39 0.14 0.26 0.23 0.23 - 0.02 0.28 0.14 0.08 0.00 0.07 unch 0.00 0.18 0.05 0.00 0.00 0.05 unch 0.00 0.13 0.02 0.13 0.12 0.13 - 0.02 0.43 0.12 0.10 0.08 0.08 - 0.04 0.34 0.08 0.17 0.15 0.16 - 0.02 0.26 0.14 0.27 0.25 0.27 + 0.02 0.35 0.22 1.76 1.60 1.61 - 0.10 2.53 1.52 0.29 0.26 0.28 - 0.01 0.54 0.26 0.38 0.35 0.35 - 0.02 0.68 0.33 0.05 0.04 0.04 - 0.01 0.05 0.03 0.07 0.06 0.06 + 0.01 0.07 0.03 0.05 0.04 0.05 unch 0.00 0.12 0.04 0.04 0.04 0.04 + 0.01 0.08 0.03 3.81 3.41 3.46 - 0.27 5.58 3.25 0.10 0.00 0.08 unch 0.00 0.50 0.08 0.07 0.07 0.07 unch 0.00 0.35 0.00 0.03 0.01 0.01 + 0.00 0.15 0.01 0.54 0.35 0.54 + 0.04 2.30 0.11 0.48 0.41 0.41 - 0.07 0.90 0.41 0.07 0.07 0.07 unch 0.00 0.12 0.04 0.04 0.03 0.03 + 0.01 0.06 0.02 0.07 0.06 0.07 unch 0.00 0.17 0.06 0.05 0.05 0.05 unch 0.00 0.14 0.05 0.40 0.34 0.34 - 0.02 0.44 0.22 0.25 0.25 0.25 unch 0.00 0.32 0.21 0.09 0.07 0.09 + 0.01 0.14 0.03 0.07 0.06 0.07 + 0.00 0.07 0.04 0.02 0.00 0.02 unch 0.00 0.05 0.02 2.58 0.00 2.40 - 0.18 4.37 2.37 0.00 0.00 0.22 unch 0.00 0.24 0.22 0.18 0.18 0.18 - 0.03 0.38 0.18 0.14 0.11 0.14 + 0.02 0.20 0.04 0.11 0.08 0.11 + 0.01 0.16 0.03 0.08 0.07 0.08 + 0.01 0.11 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.00 5.65 5.10 5.20 - 0.15 10.25 5.10 7.39 6.75 6.85 - 0.16 12.65 6.75 0.47 0.43 0.44 - 0.01 0.65 0.38 0.36 0.34 0.35 + 0.01 0.52 0.29 0.20 0.18 0.19 + 0.01 0.41 0.11 0.28 0.23 0.25 - 0.03 0.51 0.13 2.53 1.91 1.91 - 0.48 3.74 1.95 3.29 2.42 2.70 - 0.49 5.00 0.04 0.25 0.22 0.22 - 0.03 0.55 0.15

I-J-K I-Minerals* O 7 0.17 0.15 0.17 + 0.01 0.35 0.14 I-Minerals V 2009 0.22 0.22 0.22 unch 0.00 0.43 0.21 IAMGOLD T 3981 8.05 7.59 7.61 - 0.33 8.87 6.22 IAMGOLD* N 9564 6.16 5.76 5.77 - 0.31 7.25 4.80 O 10 0.08 0.06 0.08 + 0.02 0.28 0.03 Iconic Mnls * Iconic Mnls V 303 0.10 0.09 0.09 - 0.01 0.43 0.04 IDM Mining* O 117 0.06 0.05 0.05 - 0.00 0.12 0.04 IDM Mining V 488 0.07 0.07 0.07 + 0.01 0.15 0.06 IGC Res V 0 0.00 0.00 0.16 unch 0.00 0.25 0.05 iMetal Res V 3324 0.11 0.07 0.09 + 0.02 0.18 0.05 iMetal Res* O 227 0.08 0.05 0.07 + 0.02 0.12 0.05 IMPACT Silver V 423 0.41 0.35 0.36 - 0.01 0.56 0.26 Imperial Metal* O 50 1.38 1.32 1.32 - 0.09 3.37 1.14 Imperial Metal T 146 1.82 1.70 1.77 - 0.05 4.12 1.70 Imperial Mg Gr V 138 0.09 0.08 0.08 - 0.01 0.27 0.05 Inca One Gold* O 5 0.04 0.04 0.04 unch 0.00 0.10 0.03 Inca One Gold V 194 0.06 0.05 0.06 unch 0.00 0.13 0.05 Inception Mng * O 52 0.19 0.00 0.19 + 0.03 0.40 0.11 Independence G V 165 0.11 0.10 0.10 + 0.01 0.21 0.08 Independence G* O 168 0.06 0.06 0.06 unch 0.00 0.17 0.06 Indico Res V 255 0.02 0.01 0.01 - 0.01 0.03 0.01 Indigo Expl V 212 0.02 0.02 0.02 unch 0.00 0.06 0.02 Infinite Lith* O 15 0.11 0.11 0.11 - 0.00 0.34 0.07 Infinite Lith V 62 0.13 0.00 0.12 + 0.01 0.45 0.12 Inform Res V 0 0.00 0.00 0.18 unch 0.00 0.39 0.14 Inomin Mines V 42 0.07 0.07 0.07 - 0.01 0.20 0.02 Inspiration Mg* O 9 0.03 0.02 0.03 + 0.00 0.20 0.01 Inspiration Mg 382 0.04 0.03 0.04 unch 0.00 0.27 0.01 Intact Gold V 152 0.17 0.14 0.15 - 0.01 1.18 0.15 0.67 + 0.02 1.83 0.05 Integra Res* O 40 0.67 0.64 Integra Res V 482 0.88 0.82 0.88 + 0.02 1.40 0.80 Inter-Rock Mnl V 84 0.36 0.35 0.36 + 0.01 0.59 0.23 Intercontinent V 18 0.52 0.50 0.52 + 0.02 0.65 0.11 Intercontinent* O 0 0.00 0.00 0.41 unch 0.00 0.47 0.12 Intgr Egy Sol* O 18179 0.00 0.00 0.00 unch 0.00 0.00 0.00 Intl Battery* O 305 0.25 0.22 0.23 - 0.01 1.11 0.15 Intl Battery 227 0.32 0.29 0.29 - 0.01 1.38 0.26 Intl Bethl Mng V 198 0.06 0.05 0.06 + 0.01 0.17 0.03 Intl Cobalt* O 81 0.10 0.07 0.09 - 0.01 0.31 0.07 Intl Cobalt 856 0.15 0.10 0.15 + 0.03 0.45 0.08 Intl Corona V 50 0.05 0.05 0.05 unch 0.00 0.08 0.03 Intl Lithium* O 106 0.08 0.06 0.06 - 0.02 0.18 0.05 Intl Lithium V 243 0.10 0.09 0.09 - 0.02 0.23 0.07 Intl Millm Mng V 50 0.03 0.02 0.02 - 0.01 0.04 0.01 Intl Montoro* O 111 0.04 0.03 0.03 - 0.00 0.06 0.03 Intl Montoro V 107 0.04 0.04 0.04 unch 0.00 0.10 0.03 Intl Prospect * O 50 0.23 0.00 0.23 - 0.00 0.28 0.05 Intl Prospect V 58 0.30 0.24 0.24 - 0.06 0.38 0.07 Intl Samuel Ex* O 375 0.01 0.01 0.01 unch 0.00 0.12 0.01 Intl Samuel Ex V 654 0.09 0.06 0.07 - 0.03 0.30 0.03 Intl Star* O 39472 0.00 0.00 0.00 unch 0.00 0.00 0.00 Intl Tower Hil* X 538 0.62 0.52 0.53 - 0.06 0.78 0.29 Intl Tower Hil T 63 0.79 0.69 0.69 - 0.08 0.99 0.38 Intl Zeolite V 368 0.23 0.20 0.20 - 0.02 0.73 0.21 Intl Zeolite* O 3 0.18 0.16 0.18 + 0.01 0.57 0.15 Intrepid Pots* N 2593 4.29 3.87 4.00 - 0.19 5.31 2.61 INV Metals* O 42 0.35 0.32 0.34 unch 0.00 0.80 0.31 INV Metals T 145 0.47 0.41 0.42 - 0.03 1.07 0.41 Inventus Mg * O 29 0.11 0.09 0.11 + 0.01 0.31 0.09 Inventus Mg V 73 0.15 0.13 0.15 + 0.01 0.39 0.12 InZinc Mining V 1033 0.12 0.10 0.10 - 0.01 0.24 0.09 InZinc Mining* O 158 0.10 0.09 0.10 unch 0.00 0.19 0.07 Ireland* O 124 0.12 0.12 0.12 - 0.00 0.26 0.05 Ironside Res V 103 0.15 0.00 0.11 - 0.01 0.21 0.08 Irving Res 86 1.26 1.08 1.25 + 0.14 1.54 0.62 Irving Res* O 45 0.95 0.82 0.91 + 0.05 1.24 0.49 0.28 - 0.06 0.73 0.26 IsoEnergy Ltd V 88 0.33 0.28 Itafos* O 0 0.00 0.00 1.86 unch 0.00 2.25 0.97 Itafos V 13 2.31 2.10 2.31 + 0.04 2.90 1.14 Itoco Mg Corp* O 2 0.10 0.00 0.10 - 0.01 1.20 0.05 Ivanhoe Mines* O 429 2.12 1.97 1.99 - 0.06 4.04 1.90 2.61 - 0.06 5.05 2.50 Ivanhoe Mines T 4747 2.78 2.60 Jade Leader* O 320 0.26 0.20 0.21 - 0.05 0.38 0.05 Jade Leader V 977 0.34 0.23 0.28 - 0.06 0.50 0.07 Jaeger Res V 10 0.04 0.04 0.04 unch 0.00 0.07 0.03 Jaguar Mng T 566 0.36 0.33 0.33 - 0.02 0.41 0.22 Jaguar Mng* O 22 0.28 0.25 0.26 - 0.01 0.33 0.18 Japan Gold V 124 0.17 0.14 0.14 - 0.01 0.39 0.14 Japan Gold* O 9 0.14 0.13 0.13 - 0.01 0.30 0.10 Jasper Mng V 10 0.09 0.00 0.09 - 0.08 0.18 0.06 Jaxon Mining* O 20 0.09 0.09 0.09 unch 0.00 0.27 0.08 Jaxon Mining V 321 0.13 0.11 0.11 unch 0.00 0.41 0.10 Jayden Res* O 1 0.00 0.00 0.08 unch 0.00 0.30 0.06 Jayden Res V 4 0.14 0.00 0.13 unch 0.00 0.38 0.08 0.08 unch 0.00 0.09 0.06 Jazz Res V 1250 0.08 0.08 JDF Explor Inc 3 0.00 0.00 0.05 unch 0.00 0.15 0.01 Jiulian Res V 76 0.11 0.10 0.10 - 0.01 0.15 0.02 Jourdan Res V 616 0.08 0.06 0.08 + 0.02 0.19 0.04 Juggernaut Exp V 2260 0.51 0.42 0.47 + 0.02 0.59 0.17 Juggernaut Exp* O 36 0.38 0.33 0.33 + 0.01 0.38 0.27 K2 Gold V 104 0.24 0.23 0.24 unch 0.00 0.56 0.18 K92 Mng Inc* O 588 0.79 0.70 0.75 - 0.03 0.79 0.31 K92 Mng Inc V 3015 1.03 0.91 0.97 - 0.05 1.04 0.41 Kaizen Discov V 942 0.09 0.06 0.09 + 0.03 0.18 0.05 Kaizen Discvry* O 96 0.07 0.05 0.06 + 0.01 0.15 0.04 Kapuskasing Gd V 49 0.02 0.02 0.02 unch 0.00 0.06 0.02 Karmin Expl V 47 0.80 0.77 0.80 + 0.06 1.50 0.45 Karnalyte Res T 140 0.43 0.38 0.39 + 0.01 0.75 0.36 Karoo Expl V 487 0.33 0.25 0.25 - 0.08 1.10 0.25 KAT Expl* O 2168 0.00 0.00 0.00 unch 0.00 0.00 0.00 Katanga Mng T 894 0.97 0.90 0.94 - 0.01 2.83 0.49 Kenadyr Mining V 289 0.15 0.13 0.14 - 0.02 0.36 0.10 Kenadyr Mining* O 131 0.13 0.10 0.11 - 0.02 0.28 0.08 Kermode Res V 23 0.02 0.02 0.02 - 0.01 0.03 0.01 Kerr Mines* O 36 0.17 0.15 0.15 - 0.02 0.34 0.15 Kerr Mines T 260 0.22 0.20 0.21 - 0.01 0.41 0.19 Kesselrun Res* O 16 0.06 0.06 0.06 + 0.00 0.17 0.06 Kesselrun Res V 81 0.10 0.09 0.09 - 0.02 0.23 0.08 Kestrel Gold V 1863 0.03 0.03 0.03 unch 0.00 0.19 0.03 Khan Res 6 0.08 0.00 0.08 unch 0.00 0.18 0.05 Kilo Goldmines* O 78 0.02 0.02 0.02 unch 0.00 0.06 0.02 Kilo Goldmines V 664 0.03 0.03 0.03 unch 0.00 0.07 0.03 Kincora Copper* O 12 0.10 0.10 0.10 - 0.01 0.32 0.10 Kincora Copper V 314 0.15 0.12 0.15 + 0.02 0.42 0.11 Kings Bay Res* O 73 0.05 0.05 0.05 - 0.01 0.12 0.05 Kings Bay Res V 1159 0.08 0.06 0.06 - 0.01 0.16 0.05 Kingsmen Res V 96 0.33 0.00 0.33 + 0.10 0.27 0.10 Kingsmen Res* O 1 0.23 0.17 0.17 - 0.03 0.23 0.07 Kinross Gold T 10274 5.20 4.87 4.94 - 0.20 5.96 4.44 Kinross Gold* N 21215 3.98 3.70 3.77 - 0.16 4.91 3.48 Kintavar Exp V 266 0.42 0.36 0.36 - 0.06 0.65 0.10 Kirkland Lake* N 2825 22.93 21.33 22.50 + 0.06 22.93 9.15 Kirkland Lake T 2655 29.99 28.27 29.60 + 0.27 29.99 11.43 Kitrinor Mtls V 685 4.65 4.23 4.65 + 0.19 8.61 1.01

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Klondex Mines T 438 Klondike Gold V 2115 Klondike Gold* O 1185 Klondike Silv V 868 Klondike Silv* O 31 Knick Expl V 90 Kombat Copper V 138 Kombat Copper* O 0 V 215 Komet Resource Kootenay Silvr* O 34 Kootenay Silvr V 244 Kootenay Zinc 65 Kootenay Zinc* O 41 95 Kutcho Copper * O KWG Res* O 14 KWG Res 582

3.20 3.06 3.09 - 0.08 4.85 1.66 0.44 0.31 0.33 - 0.09 0.60 0.22 0.34 0.24 0.24 - 0.06 0.49 0.16 0.06 0.05 0.06 + 0.01 0.10 0.04 0.04 0.00 0.04 - 0.00 0.08 0.02 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.21 0.16 0.16 - 0.03 0.49 0.18 0.13 0.13 0.13 unch 0.00 0.34 0.18 0.23 0.18 0.20 - 0.04 0.48 0.20 0.12 0.10 0.12 + 0.01 0.24 0.10 0.16 0.14 0.15 unch 0.00 0.31 0.14 0.11 0.00 0.11 + 0.02 1.05 0.09 0.08 0.07 0.08 + 0.00 0.91 0.07 0.35 0.30 0.31 - 0.02 0.84 0.29 0.01 0.01 0.01 - 0.01 0.02 0.01 0.02 0.00 0.02 unch 0.00 0.03 0.01

L Labdr Iron Mns* O 76 0.02 0.00 0.02 + 0.02 0.10 0.00 Labrador Gold V 53 0.33 0.24 0.27 - 0.01 0.35 0.04 Labrador Iron T 727 25.22 24.07 24.27 - 0.47 28.55 16.00 Lara Expl V 30 0.73 0.66 0.66 - 0.01 0.99 0.50 Laramide Res T 1122 0.26 0.25 0.25 + 0.01 0.55 0.23 Laredo Res* O 10323 0.03 0.01 0.02 unch 0.00 0.05 0.00 Largo Res T 2930 1.93 1.69 1.69 - 0.12 2.03 0.34 Largo Res* O 1212 1.47 1.28 1.28 - 0.09 1.61 0.26 Lateral Gold V 39 0.89 0.84 0.84 - 0.03 1.08 0.55 Latin Am Mnls V 1684 0.04 0.03 0.04 unch 0.00 0.16 0.03 Latin Am Mnls* O 99 0.04 0.02 0.03 - 0.01 0.12 0.02 0.07 0.05 0.06 - 0.00 0.07 0.01 Laurion Mnl Ex* O 1672 0.10 0.07 0.10 + 0.01 0.10 0.01 Laurion Mnl Ex V 1892 Le Mare Gold* O 85 0.06 0.05 0.05 + 0.00 3.40 0.03 Lead Ventures 1 0.25 0.25 0.25 unch 0.00 0.60 0.06 Leading Edge* O 410 0.42 0.32 0.36 - 0.04 0.80 0.26 0.47 - 0.06 1.01 0.36 Leading Edge V 536 0.55 0.44 Leagold Mg* O 194 2.06 1.91 1.91 - 0.08 2.80 1.84 Leagold Mg T 692 2.69 2.50 2.51 - 0.10 3.48 2.28 0.78 - 0.05 6.75 0.62 Leeta Gold V 4980 0.94 0.75 0.05 unch 0.00 0.21 0.05 Legion Metals 430 0.07 0.05 Lepanto Con Mg* O 79 0.01 0.00 0.01 + 0.00 0.02 0.00 150 0.23 0.19 0.20 - 0.01 0.41 0.18 Levon Res Ltd T 130 0.17 0.14 0.15 - 0.02 0.34 0.13 Levon Res Ltd * O Libero Copper V 83 0.10 0.09 0.09 - 0.02 0.15 0.07 Liberty Gold* O 235 0.35 0.32 0.32 - 0.01 0.44 0.30 185 0.29 0.24 0.27 + 0.03 2.49 0.21 Liberty One Li V 459 0.21 0.17 0.20 - 0.01 1.95 0.16 Liberty One Li* O 0.03 - 0.00 0.90 0.03 LiCo Energy* O 489 0.03 0.03 LiCo Energy V 389 0.05 0.04 0.05 + 0.01 0.20 0.04 0.02 unch 0.00 0.06 0.02 Lincoln Mng V 51 0.02 0.02 Lion One Mtls V 44 0.58 0.00 0.55 unch 0.00 0.79 0.45 18 0.45 0.00 0.41 - 0.03 0.63 0.36 Lion One Mtls* O Lions Bay Cap V 10 0.07 0.07 0.07 unch 0.00 0.25 0.07 Lions Gate Mtl* O 0 0.00 0.00 0.08 unch 0.00 0.42 0.08 Lithion Energy* O 14 0.07 0.04 0.05 - 0.01 0.11 0.04 Lithium Amer* N 475 5.28 5.12 5.17 - 0.04 10.95 3.51 T 435 6.93 6.75 6.80 - 0.04 14.06 4.45 Lithium Amer Lithium Chile V 355 0.88 0.81 0.81 - 0.02 1.35 0.42 Lithium Chile* O 188 0.68 0.62 0.63 - 0.06 0.97 0.57 Lithium Corp* O 469 0.26 0.21 0.23 - 0.02 0.62 0.05 Lithium Energi* O 40 0.22 0.00 0.22 - 0.00 0.75 0.08 0.32 + 0.03 0.97 0.09 Lithium Energi V 284 0.32 0.27 Lithium Energy V 5 0.44 0.33 0.33 - 0.11 1.50 0.32 0.02 + 0.00 0.13 0.02 Lithium Expl* O 1048 0.02 0.02 Lithoquest Dia V 81 0.50 0.48 0.50 + 0.01 0.88 0.22 O 7 0.36 0.00 0.36 unch 0.00 0.51 0.29 Lithoquest Dia* 0.19 + 0.02 0.58 0.11 LKA Gold* O 4 0.19 0.15 Lomiko Mtls* O 71 0.04 0.00 0.04 unch 0.00 0.24 0.03 0.05 - 0.01 0.31 0.05 Lomiko Mtls V 272 0.05 0.05 Loncor Res* O 14 0.05 0.05 0.05 - 0.00 0.09 0.04 0.08 - 0.01 0.13 0.06 Loncor Res T 59 0.08 0.07 307 0.02 0.01 0.01 - 0.00 0.03 0.00 Lone Star Gold* O Lonmin plc* O 0 0.00 0.00 0.76 unch 0.00 1.16 0.76 Lonmin plc* O 26 0.66 0.00 0.58 - 0.06 1.40 0.47 O 1 0.07 0.07 0.07 unch 0.00 0.12 0.01 Lorraine Coppr* Lorraine Coppr V 542 0.12 0.00 0.10 - 0.02 0.19 0.06 Los Andes Copp V 14 0.35 0.29 0.30 + 0.01 0.47 0.20 0.07 - 0.01 0.25 0.02 Lovitt Res V 31 0.07 0.00 Lovitt Res* O 100 0.05 0.05 0.05 unch 0.00 0.08 0.05 LSC Lithium* O 3 0.49 0.48 0.48 - 0.03 1.31 0.49 Lucara Diam T 1306 2.17 2.05 2.07 - 0.11 2.91 1.97 O 98 0.09 0.06 0.08 - 0.01 0.18 0.06 Lucky Mnls * Lucky Mnls V 556 0.11 0.00 0.10 - 0.02 0.23 0.09 Lumina Gold* O 86 0.61 0.58 0.58 - 0.02 0.67 0.46 0.76 unch 0.00 0.85 0.60 Lumina Gold V 293 0.80 0.75 Lund Enterpr V 20 0.12 0.11 0.11 unch 0.00 0.24 0.09 4.98 + 0.16 5.57 4.07 Lundin Gold T 215 4.98 4.81 Lundin Mng T 12445 7.76 7.40 7.50 + 0.03 10.22 6.62 0.17 - 0.02 0.29 0.11 Lupaka Gold V 174 0.19 0.16 Lydian Intl* O 88 0.25 0.23 0.25 + 0.01 0.50 0.23 Lydian Intl T 1047 0.34 0.31 0.31 - 0.02 0.63 0.31 1.57 - 0.01 2.20 0.08 Lynas Corp* O 299 1.68 1.52 1.53 - 0.02 2.20 0.55 Lynas Corp* O 112 1.68 1.50

M M.P.V. Explor 50 0.15 0.15 0.15 unch 0.00 0.30 0.15 M2 Cobalt* O 0 0.27 0.27 0.27 unch 0.00 0.61 0.25 O 671 0.03 0.03 0.03 + 0.00 0.10 0.03 Macarthur Mnl* Macarthur Mnl V 259 0.04 0.04 0.04 - 0.01 0.12 0.04 MacDonald Mns* O 2 0.04 0.00 0.04 unch 0.00 0.11 0.04 V 289 0.06 0.05 0.06 + 0.01 0.16 0.05 MacDonald Mns MacMillan Mnls V 159 2.35 1.79 2.10 + 0.24 2.35 1.33 12.92 - 1.46 17.27 11.71 MAG Silver T 839 14.52 12.91 Magellan Gold* O 346 0.03 0.02 0.02 - 0.01 0.19 0.01 0.04 unch 0.00 0.09 0.03 Magna Terra V 5 0.04 0.04 Magnitude Mng V 51 0.25 0.25 0.25 unch 0.00 0.30 0.25 0.10 + 0.03 0.10 0.04 Majestic Gold V 2760 0.10 0.08 0.07 + 0.02 0.08 0.03 Majestic Gold* O 69 0.08 0.05 Makena Res 51 0.10 0.00 0.10 unch 0.00 0.24 0.08 Malbex Res V 159 0.34 0.28 0.30 + 0.04 0.40 0.26 Malbex Res* O 38 0.29 0.21 0.21 - 0.08 0.29 0.21 0.05 unch 0.00 0.16 0.04 Mammoth Res V 26 0.05 0.04 Manado Gold V 376 0.05 0.04 0.05 unch 0.00 0.24 0.04 Mandalay Res T 1352 0.24 0.18 0.20 + 0.01 0.41 0.18 O 140 0.18 0.13 0.15 + 0.01 0.33 0.13 Mandalay Res* 0.11 - 0.01 0.21 0.08 Manganese X* O 5 0.11 0.10 Manganese X V 121 0.14 0.13 0.13 - 0.03 0.28 0.08 V 156 0.03 0.02 0.02 - 0.01 0.03 0.02 Mangazeya Mng Manitou Gold V 171 0.08 0.07 0.08 + 0.01 0.19 0.05 Maple Gold V 2405 0.16 0.14 0.15 - 0.01 0.34 0.13 Maple Gold* O 254 0.12 0.10 0.11 - 0.01 0.27 0.09 Marathon Gold* O 74 0.74 0.69 0.71 - 0.02 1.14 0.64 Marathon Gold T 363 0.98 0.91 0.91 - 0.04 1.28 0.84 Margaret Lake* O 26 0.05 0.00 0.05 - 0.02 0.12 0.05 Margaret Lake V 434 0.09 0.06 0.08 + 0.01 0.16 0.05 Margaux Res V 59 0.22 0.18 0.18 - 0.01 0.35 0.12 Marifil Mines* O 25 0.12 0.10 0.10 - 0.03 0.17 0.01 Marifil Mines V 184 0.16 0.14 0.14 - 0.02 0.32 0.11 Maritime Res V 4393 0.11 0.08 0.09 - 0.03 0.14 0.08 Marlin Gold V 55 0.27 0.25 0.25 - 0.03 1.10 0.23 Martina Mnls V 1 0.00 0.00 0.04 unch 0.00 0.07 0.03 MartinMarietta* N 2009 228.52 222.53 226.82 - 0.68 241.33 189.27 Mas Gold V 60 0.09 0.09 0.09 unch 0.00 0.15 0.06 Mason Graphite* O 95 1.03 0.96 1.00 - 0.02 2.47 0.88 V 168 1.36 1.27 1.33 unch 0.00 3.15 1.16 Mason Graphite Mason Res* O 15 0.13 0.00 0.13 - 0.00 0.29 0.01 Mason Res T 142 0.19 0.00 0.18 + 0.01 0.35 0.15 Matachewan Con V 20 0.22 0.22 0.22 unch 0.00 0.33 0.21 Matamec Expl V 837 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.15 + 0.00 0.64 0.06 Matica Ent* O 80 0.16 0.14 Matica Ent 3141 0.21 0.19 0.20 + 0.01 0.81 0.08 Maudore Mnrls* O 146 0.00 0.00 0.00 unch 0.00 0.00 0.00 Maverix Mtls* O 25 1.72 1.41 1.61 + 0.20 1.69 1.03 0.28 - 0.02 0.65 0.28 Mawson Res T 137 0.30 0.28 Mawson Res* O 54 0.22 0.21 0.22 - 0.01 0.48 0.21 MaxTech Vent 88 0.25 0.18 0.19 - 0.01 0.60 0.14 MaxTech Vent* O 173 0.20 0.14 0.16 + 0.03 0.48 0.11 Maxwell Res* O 5 0.01 0.00 0.01 - 0.00 0.01 0.00 Maya Gold &Sil* O 26 1.86 1.74 1.75 - 0.05 2.35 0.56 Maya Gold &Sil V 122 2.52 2.17 2.18 - 0.16 3.02 0.74 Mazarin V 33 0.08 0.06 0.08 + 0.03 0.18 0.04 MBMI Res* O 21 0.06 0.00 0.06 + 0.00 0.09 0.00 MBMI Res V 1 0.00 0.00 0.05 unch 0.00 0.13 0.03 McChip Res V 13 0.69 0.60 0.69 + 0.09 0.87 0.37 McEwen Mng T 560 2.99 2.86 2.93 unch 0.00 3.46 2.33 McEwen Mng* N 5995 2.28 2.18 2.23 - 0.02 2.86 1.82 McLaren Res 553 0.04 0.03 0.04 - 0.01 0.19 0.03 0.13 - 0.01 0.28 0.09 MDN Inc* O 4 0.14 0.13 Meadow Bay Gd 392 0.07 0.05 0.06 - 0.01 0.26 0.05 Meadow Bay Gd* O 12 0.06 0.03 0.03 - 0.03 0.28 0.03 Mechel* N 182 3.45 3.15 3.30 - 0.03 5.80 3.00 0.12 + 0.03 0.21 0.08 Medallion Res V 1774 0.14 0.08 Medallion Res* O 340 0.10 0.06 0.10 + 0.03 0.17 0.06 Medgold Res V 182 0.40 0.37 0.38 - 0.02 0.51 0.15 Medgold Res* O 24 0.32 0.28 0.28 - 0.11 0.38 0.12 Medinah Mnrls* O 4853 0.00 0.00 0.00 + 0.00 0.01 0.00 Mega Uranium T 646 0.15 0.14 0.14 - 0.01 0.24 0.13 Mega Uranium* O 130 0.12 0.10 0.11 - 0.00 0.19 0.10 Megastar Dev V 10 0.06 0.06 0.06 unch 0.00 0.11 0.04 MegumaGold* O 17 0.20 0.17 0.17 - 0.03 0.24 0.07 MegumaGold 54 0.25 0.25 0.25 unch 0.00 0.30 0.17 Melior Res V 34 1.01 0.95 0.96 - 0.07 1.50 0.30 Melior Res* O 0 0.00 0.00 0.07 unch 0.00 0.10 0.03 Melkior Res V 711 0.08 0.07 0.08 + 0.01 0.11 0.04 Meridian Mg V 32 0.13 0.12 0.12 - 0.01 1.28 0.11 Meryllion Res 5 0.02 0.00 0.02 + 0.01 0.21 0.02 Meryllion Res* O 1 0.01 0.01 0.01 + 0.00 0.07 0.00 Mesa Expl V 84 0.06 0.06 0.06 - 0.01 0.08 0.03 MetalCorp V 106 0.02 0.02 0.02 unch 0.00 0.06 0.02 Metalex Vent V 1808 0.06 0.03 0.04 + 0.01 0.10 0.02 Metallic Mnrls V 208 0.27 0.24 0.26 - 0.01 0.50 0.22 Metallic Mnrls* O 147 0.21 0.18 0.20 - 0.01 0.40 0.18 Metallis Res V 134 1.41 1.33 1.34 - 0.08 2.75 0.14 Metalo Manuf 4 0.39 0.34 0.39 + 0.06 0.60 0.23 Metalore Res* O 3 1.59 1.59 1.59 unch 0.00 2.81 1.16 Metalore Res V 3 2.10 2.09 2.09 unch 0.00 4.45 1.77 Metals Creek* O 727 0.07 0.04 0.07 + 0.03 0.08 0.03 Metals Creek V 5451 0.09 0.05 0.08 + 0.02 0.10 0.04 Metals X* O 81 0.56 0.56 0.56 unch 0.00 0.96 0.56 Metanor Res* O 24 0.44 0.41 0.42 + 0.00 0.69 0.38 Metanor Res V 337 0.58 0.54 0.57 + 0.01 0.83 0.48 Metron Capital V 60 0.07 0.06 0.07 unch 0.00 0.08 0.05 Mexican Gold* O 278 0.21 0.17 0.19 - 0.01 0.34 0.17 Mexus Gold* O 2889 0.02 0.01 0.01 - 0.00 0.09 0.01 Mezzotin Mnrls V 28 0.01 0.01 0.01 unch 0.00 0.04 0.01 MGX Minerals 1187 0.97 0.91 0.93 - 0.03 1.96 0.75 MGX Minerals* O 968 0.75 0.69 0.71 - 0.02 1.58 0.60 Midas Gold T 316 1.00 0.92 0.92 - 0.07 1.21 0.55 Midas Gold* O 875 0.77 0.70 0.73 - 0.02 0.95 0.42 0.11 - 0.03 0.15 0.05 Midasco Cap V 10 0.11 0.11

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Midland Expl V 123 0.90 0.79 0.81 - 0.09 1.17 0.79 Midnight Sun V 162 0.28 0.23 0.23 - 0.03 0.48 0.21 Millennial Lit* O 179 1.92 1.75 1.80 + 0.05 3.87 0.99 Millennial Lit V 527 2.53 2.30 2.34 + 0.04 4.80 1.23 Millrock Res* O 314 0.23 0.20 0.22 + 0.02 0.35 0.15 Millrock Res V 292 0.30 0.26 0.29 + 0.03 0.43 0.21 Milner Con Slv V 4 0.04 0.04 0.04 unch 0.00 0.09 0.04 V 496 0.60 0.51 0.56 - 0.04 0.67 0.21 Minaurum Gold Minco Silver* O 34 0.47 0.40 0.42 - 0.04 0.97 0.40 Minco Silver T 85 0.64 0.52 0.58 - 0.03 1.21 0.52 Minera Alamos * O 186 0.10 0.09 0.09 - 0.01 0.18 0.08 Minera Alamos V 623 0.13 0.12 0.12 unch 0.00 0.24 0.11 Minera IRL 387 0.10 0.09 0.09 - 0.02 0.15 0.06 Mineral Hill V 173 0.21 0.15 0.16 - 0.03 0.34 0.16 Mineral Mtn* O 119 0.22 0.17 0.19 - 0.02 0.60 0.13 Mineral Mtn V 239 0.26 0.24 0.26 - 0.02 0.74 0.15 MineralRite* O 19728 0.00 0.00 0.00 unch 0.00 0.00 0.00 V 526 0.18 0.14 0.17 + 0.02 0.40 0.06 Mineworx Tech Mineworx Tech* O 126 0.14 0.11 0.14 + 0.02 0.33 0.05 Minfocus Expl V 70 0.02 0.01 0.01 - 0.01 0.06 0.01 Mining Global* O 693592 0.00 0.00 0.00 - 0.00 0.00 0.00 Minnova Corp V 562 0.73 0.62 0.70 unch 0.00 0.93 0.55 Minsud Res V 3 0.07 0.07 0.07 unch 0.00 0.21 0.06 Miramont Res* O 66 0.20 0.15 0.15 - 0.05 0.33 0.18 Miramont Res 1007 0.26 0.19 0.21 - 0.05 0.65 0.20 Miranda Gold V 1612 0.04 0.03 0.03 unch 0.00 0.09 0.03 Mirasol Res V 50 1.91 1.71 1.80 + 0.06 2.60 1.51 0.03 + 0.01 0.07 0.01 Mistango River 3 0.03 0.00 MK2 Ventures V 54 0.38 0.00 0.38 + 0.12 0.38 0.09 MK2 Ventures * O 0 0.00 0.00 0.13 unch 0.00 0.13 0.08 0.14 unch 0.00 0.24 0.05 Mkango Res V 2 0.00 0.00 ML Gold* O 61 0.08 0.08 0.08 unch 0.00 0.26 0.06 ML Gold Corp V 808 0.10 0.09 0.10 unch 0.00 0.32 0.09 Monarca Mnrls* O 125 0.04 0.04 0.04 unch 0.00 0.12 0.03 Monarca Mnrls V 106 0.06 0.05 0.06 + 0.01 0.16 0.04 V 357 0.31 0.29 0.30 + 0.01 0.47 0.25 Monarques Res Monarques Res* O 153 0.24 0.21 0.23 + 0.01 0.38 0.19 Moneta Porcpn* O 137 0.11 0.10 0.10 - 0.01 0.17 0.09 T 331 0.14 0.13 0.13 - 0.01 0.23 0.12 Moneta Porcpn Monitor Vent* O 1 0.15 0.00 0.14 - 0.00 0.70 0.13 0.04 unch 0.00 0.04 0.01 Montan Mg* O 0 0.00 0.00 Montan Mg V 386 0.07 0.05 0.06 - 0.01 0.11 0.03 Montego Res 331 0.14 0.11 0.12 unch 0.00 0.55 0.07 Montero Mg&Ex V 16 0.25 0.19 0.21 - 0.04 0.49 0.12 Monument Mng V 170 0.07 0.06 0.07 unch 0.00 0.09 0.06 0.38 - 0.01 0.60 0.37 Morien Res* O 101 0.40 0.37 Morien Res V 1934 0.52 0.48 0.50 - 0.01 0.77 0.47 Morumbi Res* O 24 0.75 0.00 0.69 - 0.06 0.96 0.48 Morumbi Res T 413 0.97 0.86 0.87 - 0.10 1.23 0.62 Mosaic* N 13764 29.20 27.72 28.15 + 0.03 29.95 19.23 125 0.33 0.33 0.33 unch 0.00 0.34 0.28 Mount Gibson * O Mountain Boy* O 744 0.07 0.06 0.07 + 0.00 0.09 0.03 Mountain Boy V 15 0.09 0.00 0.09 unch 0.00 0.11 0.05 Mountain Prov* D 129 2.48 2.25 2.25 - 0.14 4.10 2.30 Mountain Prov T 292 3.23 3.02 3.03 - 0.12 5.10 2.97 0.10 unch 0.00 0.16 0.06 Mundoro Cap* O 200 0.10 0.10 Mundoro Cap V 150 0.13 0.10 0.11 - 0.01 0.20 0.09 Murchison Min V 84 0.17 0.14 0.17 + 0.03 0.25 0.12 MX Gold* O 84 0.04 0.02 0.04 + 0.02 0.17 0.01

N-O NA Frac Sand* O 33 NACCO Ind* N 59 Namibia Crit V 79 Namibia Crit* O 75 Napier Vent V 58 Napier Vent* O 2 71 Natural Res Pt* N Nautilus Mnrls T 953 O 878 Nautilus Mnrls* Navis Res Corp 35 Nemaska Lith T 5021 Nemaska Lith* O 1173 Neo Lithium V 1384 Neometals* O 8 Network Expl* O 18 Network Expl V 67 Nevada Clean M V 1266 Nevada Clean M* O 142 T 1119 Nevada Copper O 21 Nevada Energy* Nevada Energy V 58 Nevada Expl * O 367 Nevada Expl V 368 Nevada Sunrise* O 64 Nevada Sunrise V 634 Nevada Zinc V 284 Nevado Res V 22 Nevsun Res* X 1165 Nevsun Res T 2017 New Age Metals* O 79 New Age Metals V 330 New Carolin Gd* O 104 561 New Carolin Gd V New Destiny Mg V 535 New Dimen Res V 9 New Dimen Res* O 0 New Energy Met V 134 New Energy Met* O 121 New Gold* X 13532 New Gold T 3696 New Guinea Gld* O 525 New Jersey Mng* O 303 New Jersey Mng 15 New Milln Iron* O 203 New Milln Iron T 751 New Nadina V 33 New Nadina* O 10 New Oroperu V 2 New Pac Metals V 118 New Pac Metals* O 16 New Point Expl 8 New Tech Lith 501 New Tech Lith* O 24 New World Res V 2 Newlox Gold 19 Newmac Res V 0 Newmont Mng* N 17810 Newport Expl V 221 Newport Gold* O 50 NewRange Gold* O 167 NewRange Gold V 466 Nexa Resources T 19 Nexa Resources* N 2024 Nexco Res 44 Nexgen Energy* X 505 Nexgen Energy T 1191 NextSource Mat T 507 Nexus Gold* O 29 Nexus Gold V 145 NGEx Res* O 43 NGEx Res T 233 Nickel Creek T 308 Nickel Creek* O 554 Nickel North V 5 Nickel One Res V 492 Nicola Mg Inc V 1007 Nicola Mg Inc* O 5 Nighthawk Gold* O 130 Nighthawk Gold T 194 Niobay Metals V 161 Niocan Inc V 33 Niocorp Dev T 339 Niocorp Dev* O 888 Nippon Dragon V 144 O 200 Nippon Dragon* Nitinat Mnls V 94 Noble Metal Gr V 225 Noble Mnl Expl* O 250 Noble Mnl Expl V 363 Noka Res* O 549 Noram Vent* O 0 Noram Vent V 68 Noranda Alum* O 130 Noront Res V 602 Norsemont Cap 11 Nortec Mnls V 152 North Am Nickl V 456 30 North Am Nickl* O North Am Pall T 15 12 North Am Pall* O North Am Ptash* O 1 North Arrow Mn* O 90 73 North Arrow Mn V North Bay Res * O 512251 Northcliff Res T 25 Northern Uran V 270 Northisle C&G V 107 Northn Empire V 322 Northn Empire* O 85 Norvista Cap V 142 Nouveau Monde* O 2 Nouveau Monde V 318 NovaGold Res T 596 NovaGold Res* X 3078 Novo Res* O 699 Novo Res V 696 NRG Metals* O 1264 NRG Metals V 954 Nrthn Graphite V 158 Nrthn Graphite* O 120 Nrthn Lion V 6 Nrthn Mnrls &E* O 260 Nrthn Shield V 798 Nrthn Superior* O 1 Nrthn Superior V 586 Nrthn Vertex* O 103 Nrthn Vertex V 299 NSGold V 200 NSS Res Inc 52 Nthn Dynasty* X 4166 Nthn Dynasty T 818 Nthrn Sphere 265 Nthrn Sphere* O 126 Nubian Res V 42 NuLegacy Gold* O 302 NuLegacy Gold V 189 Nunavik Nickel V 122 Nutrien T 3896 Nutrien* N 6764 NV Gold* O 10

0.01 0.01 0.01 - 0.00 0.03 0.01 35.40 32.95 33.35 - 0.45 48.85 14.60 0.33 0.31 0.31 - 0.01 0.46 0.04 0.25 0.23 0.23 - 0.01 2.77 0.03 0.43 0.00 0.42 - 0.01 0.54 0.36 0.32 0.32 0.32 unch 0.00 0.44 0.32 32.55 31.00 31.55 - 0.20 37.70 22.81 0.17 0.14 0.15 - 0.03 0.39 0.14 0.13 0.11 0.12 - 0.01 0.31 0.11 0.67 0.00 0.67 + 0.44 2.00 0.23 0.85 0.82 0.84 - 0.01 2.44 0.80 0.65 0.62 0.64 - 0.01 1.96 0.61 1.25 1.16 1.22 unch 0.00 2.75 0.85 0.24 0.00 0.24 unch 0.00 0.80 0.20 0.22 0.22 0.22 - 0.00 0.39 0.22 0.30 0.29 0.30 unch 0.00 0.48 0.29 0.05 0.03 0.03 - 0.01 0.08 0.03 0.04 0.02 0.02 - 0.01 0.08 0.02 0.61 0.55 0.59 - 0.02 0.84 0.45 0.14 0.00 0.13 - 0.00 0.52 0.07 0.20 0.18 0.19 + 0.01 0.60 0.18 0.15 0.12 0.12 - 0.03 0.35 0.09 0.20 0.15 0.15 - 0.02 0.46 0.12 0.11 0.09 0.09 - 0.01 0.27 0.09 0.15 0.11 0.11 - 0.02 0.33 0.12 0.16 0.15 0.15 unch 0.00 0.28 0.15 0.02 0.02 0.02 unch 0.00 0.05 0.01 3.35 3.23 3.26 - 0.07 3.86 1.96 4.39 4.26 4.30 - 0.06 4.93 2.49 0.06 0.05 0.05 - 0.00 0.15 0.04 0.08 0.00 0.08 + 0.02 0.19 0.05 0.27 0.25 0.26 - 0.01 0.58 0.18 0.39 0.33 0.34 - 0.02 0.77 0.20 0.14 0.13 0.13 - 0.01 0.35 0.10 0.24 0.22 0.22 - 0.03 0.30 0.09 0.00 0.00 0.18 unch 0.00 0.22 0.02 0.15 0.12 0.15 + 0.03 0.90 0.11 0.12 0.10 0.12 + 0.01 0.60 0.10 2.15 2.00 2.01 - 0.09 4.25 2.00 2.82 2.63 2.63 - 0.10 5.16 2.66 0.00 0.00 0.00 - 0.00 0.00 0.00 0.22 0.19 0.19 - 0.03 0.25 0.11 0.25 0.25 0.25 unch 0.00 0.25 0.25 0.06 0.05 0.06 + 0.01 0.12 0.05 0.08 0.07 0.08 + 0.01 0.15 0.06 0.16 0.00 0.15 - 0.02 4.60 0.08 0.13 0.11 0.11 - 0.01 3.60 0.07 0.00 0.00 0.39 unch 0.00 0.55 0.28 1.70 1.58 1.64 - 0.01 1.70 1.12 1.29 1.19 1.19 - 0.07 1.29 0.92 0.25 0.23 0.23 - 0.03 0.41 0.11 0.06 0.04 0.05 - 0.01 0.17 0.04 0.04 0.03 0.04 - 0.01 0.19 0.03 0.22 0.22 0.22 unch 0.00 0.29 0.10 0.06 0.00 0.06 + 0.01 0.08 0.03 0.00 0.00 0.08 unch 0.00 0.09 0.06 38.40 36.76 36.84 - 0.99 42.04 32.90 0.31 0.00 0.30 - 0.03 0.38 0.21 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.18 0.11 0.11 - 0.07 0.54 0.05 0.24 0.14 0.14 - 0.08 0.68 0.16 15.51 14.94 15.38 + 0.58 26.70 14.61 11.91 11.19 11.83 + 0.67 21.61 10.90 0.19 0.15 0.15 - 0.04 0.50 0.15 2.04 1.90 1.90 - 0.09 2.85 1.65 2.60 2.50 2.52 - 0.07 3.58 2.12 0.10 0.09 0.10 unch 0.00 0.22 0.06 0.27 0.23 0.23 - 0.04 0.29 0.02 0.34 0.31 0.31 - 0.05 2.20 0.19 0.86 0.77 0.86 + 0.05 1.10 0.62 1.14 1.02 1.06 unch 0.00 1.49 0.79 0.23 0.21 0.22 - 0.02 0.41 0.18 0.18 0.15 0.16 - 0.01 0.33 0.13 0.03 0.03 0.03 + 0.01 0.07 0.02 0.04 0.03 0.04 unch 0.00 0.13 0.02 0.13 0.13 0.13 unch 0.00 0.25 0.13 0.10 0.10 0.10 unch 0.00 0.18 0.09 0.35 0.32 0.32 - 0.03 0.97 0.30 0.45 0.42 0.42 - 0.03 1.06 0.41 0.20 0.18 0.19 unch 0.00 0.43 0.11 0.07 0.07 0.07 + 0.01 0.18 0.06 0.67 0.60 0.67 + 0.05 0.78 0.37 0.51 0.45 0.51 + 0.05 0.62 0.29 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.02 0.02 0.02 - 0.00 0.06 0.01 0.14 0.14 0.14 unch 0.00 0.51 0.04 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.06 0.05 0.05 unch 0.00 0.15 0.04 0.08 0.07 0.07 - 0.01 0.19 0.05 0.55 0.44 0.46 - 0.07 0.71 0.05 0.11 0.00 0.11 unch 0.00 0.64 0.11 0.15 0.14 0.15 - 0.01 0.80 0.14 0.05 0.00 0.04 - 0.00 0.17 0.01 0.38 0.35 0.35 - 0.02 0.52 0.27 0.46 0.46 0.46 unch 0.00 0.47 0.32 0.08 0.06 0.06 - 0.01 0.18 0.06 0.08 0.07 0.07 - 0.01 0.10 0.06 0.06 0.05 0.05 - 0.01 0.08 0.04 9.98 9.49 9.67 - 0.15 11.98 4.65 7.46 7.15 7.32 - 0.08 9.38 3.76 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.15 0.14 0.15 unch 0.00 0.23 0.14 0.20 0.19 0.19 - 0.01 0.29 0.16 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.00 0.09 - 0.01 0.20 0.09 0.02 0.01 0.02 + 0.01 0.03 0.01 0.14 0.00 0.14 + 0.02 0.21 0.09 1.25 1.16 1.20 - 0.02 1.62 0.58 0.97 0.88 0.92 - 0.04 1.29 0.47 0.13 0.10 0.13 + 0.03 0.16 0.08 0.21 0.21 0.21 unch 0.00 0.42 0.21 0.31 0.30 0.30 - 0.01 0.54 0.28 6.04 5.63 5.63 - 0.33 6.47 4.33 4.62 4.27 4.29 - 0.27 5.05 3.35 3.41 2.93 2.98 - 0.38 7.08 0.96 4.44 3.85 3.85 - 0.55 8.83 1.20 0.24 0.21 0.21 - 0.02 0.49 0.07 0.32 0.28 0.29 - 0.01 0.62 0.10 0.39 0.33 0.35 + 0.02 0.70 0.24 0.31 0.25 0.27 + 0.01 0.55 0.19 0.25 0.00 0.25 - 0.05 0.67 0.23 0.06 0.00 0.06 - 0.00 0.10 0.01 0.04 0.03 0.03 unch 0.00 0.09 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.04 0.03 0.04 unch 0.00 0.05 0.03 0.33 0.29 0.31 + 0.00 0.58 0.29 0.43 0.37 0.40 unch 0.00 0.70 0.37 0.12 0.12 0.12 unch 0.00 0.15 0.02 0.21 0.19 0.19 - 0.02 1.39 0.06 0.55 0.50 0.51 - 0.01 2.34 0.43 0.70 0.65 0.68 unch 0.00 2.99 0.55 0.09 0.07 0.09 unch 0.00 0.45 0.05 0.07 0.06 0.07 - 0.01 0.18 0.05 0.24 0.24 0.24 unch 0.00 0.38 0.17 0.15 0.14 0.14 - 0.00 0.21 0.12 0.20 0.19 0.20 - 0.01 0.27 0.15 0.12 0.11 0.12 unch 0.00 0.15 0.08 71.42 68.80 69.83 - 0.95 73.43 55.27 54.52 52.21 53.07 - 0.94 56.18 40.41 0.19 0.15 0.15 - 0.04 0.92 0.13

2018-07-17 4:12 PM

WWW.NORTHERNMINER.COM

JULY 23–AUGUST 5, 2018 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

NV Gold V 68 0.24 0.20 0.21 - 0.05 1.22 0.17 NX Uranium* O 30 0.02 0.01 0.01 - 0.01 0.03 0.01 NxGold Ltd* O 130 0.14 0.11 0.11 - 0.02 0.26 0.11 0.16 - 0.01 0.40 0.14 NxGold Ltd V 491 0.18 0.14 O.T. Mining* O 12 0.09 0.05 0.05 - 0.04 0.20 0.03 OceanaGold* O 12 2.97 2.74 2.78 - 0.01 3.30 2.23 OceanaGold T 7518 3.86 3.64 3.75 unch 0.00 4.12 2.92 Oceanic Iron O V 362 0.06 0.05 0.06 unch 0.00 0.16 0.05 Oceanus Res* O 1 0.14 0.00 0.14 unch 0.00 0.29 0.13 Oceanus Res V 179 0.18 0.16 0.18 + 0.01 0.36 0.16 Odyssey Res V 2 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.04 unch 0.00 0.14 0.04 OK2 Minerals V 187 0.04 0.04 Olivut Res V 296 0.14 0.10 0.11 - 0.01 0.20 0.07 Olivut Res* O 57 0.10 0.08 0.08 - 0.00 0.15 0.06 Omineca Mg &Ml V 9 0.03 0.03 0.03 unch 0.00 0.05 0.03 One World Lith* O 2 0.12 0.10 0.12 + 0.01 0.12 0.10 One World Lith 414 0.17 0.15 0.17 + 0.02 0.17 0.10 Opawica Expl V 90 0.06 0.06 0.06 unch 0.00 0.40 0.05 142 0.09 0.06 0.09 unch 0.00 0.12 0.05 Opus One Res V Orbite Tech* O 192 0.03 0.01 0.01 - 0.02 0.15 0.00 0.57 - 0.02 0.78 0.38 Orca Gold V 147 0.59 0.56 Orca Gold* O 76 0.47 0.42 0.44 - 0.01 0.63 0.30 Orefinders Res V 51 0.09 0.08 0.09 + 0.01 0.17 0.06 0.09 unch 0.00 0.13 0.05 Orestone Mng V 3 0.09 0.09 Orex Mnrls* O 21 0.10 0.08 0.10 + 0.01 0.15 0.08 Orex Mnrls V 64 0.13 0.11 0.13 - 0.01 0.18 0.10 Orezone Gold* O 69 0.65 0.60 0.60 - 0.02 0.82 0.47 0.80 - 0.01 1.02 0.61 Orezone Gold V 449 0.85 0.78 0.18 unch 0.00 0.70 0.18 Orford Mining V 4 0.18 0.18 Organic Potash 396 0.06 0.03 0.03 - 0.01 0.08 0.01 Original Sixtn* O 8 0.18 0.15 0.15 - 0.03 0.20 0.00 V 1168 1.44 1.28 1.43 + 0.14 1.85 1.05 Orla Mng Ltd Orla Mng Ltd* O 30 1.01 0.00 1.00 + 0.01 1.48 0.89 O 77 0.00 0.00 0.00 + 0.00 0.01 0.00 Oro East Mg* Oroco Res V 79 0.23 0.22 0.22 - 0.01 0.31 0.02 0.18 + 0.00 0.24 0.02 Oroco Res* O 113 0.18 0.17 Orocobre T 121 5.55 5.27 5.50 + 0.24 7.36 3.04 V 78 0.09 0.09 0.09 + 0.01 0.22 0.09 Oronova Energy 0.15 + 0.01 0.42 0.06 Oroplata Res* O 1089 0.15 0.11 Orosur Mng T 1041 0.07 0.05 0.07 + 0.01 0.30 0.03 Orsu Metals V 0 0.00 0.00 0.19 unch 0.00 0.29 0.13 Orsu Metals* O 1 0.14 0.00 0.14 - 0.00 0.22 0.11 Orvana Mnrls T 137 0.19 0.17 0.18 unch 0.00 0.32 0.16 Orvana Mnrls* O 29 0.15 0.13 0.14 + 0.00 0.25 0.12 0.27 - 0.06 1.90 0.25 Osino Res V 549 0.32 0.25 Osisko Gold* N 1753 9.75 9.34 9.40 - 0.22 14.39 9.14 Osisko Gold T 920 12.72 12.30 12.37 - 0.24 17.58 11.90 Osisko Metals* O 10 0.45 0.00 0.45 - 0.01 1.33 0.39 0.60 unch 0.00 1.74 0.51 Osisko Metals V 326 0.63 0.59 Osisko Mng Inc T 3622 2.33 1.89 2.14 + 0.20 5.07 1.61 Osprey Gold V 162 0.07 0.06 0.07 + 0.01 0.25 0.05 Otis Gold V 501 0.20 0.17 0.18 - 0.01 0.36 0.17 Otis Gold* O 55 0.15 0.00 0.13 - 0.01 0.29 0.13 OZ Minerals* O 4 6.83 6.53 6.83 + 0.04 8.02 5.84

P-Q Pac Bay Mnrls V 36 Pac Booker Min* O 6 Pac Booker Min V 13 Pac Imperial V 305 Pac Iron Ore V 6 Pac Link Mng V 248 Pac Ridge Expl V 153 Pac Ridge Expl* O 3 Pac Wildcat* O 20 Pacific Empire V 101 Pacific Rim 2133 Pacific Rim* O 118 Pacific Silk* O 1 Pacific Silk V 30 Pacton Gold V 2421 Paladin Energy* O 11 Palamina Corp V 100 Palamina Corp* O 45 Palladon Vent* O 129 Pan Am Silver T 1231 Pan Am Silver* D 6031 Pan Andean Min* O 53 Pan Andean Min V 617 481 Pan Global Res V Pancontinental V 76 O 6 Pancontinental* Panex Res* O 515 Pangolin Dia V 330 Panoro Mnrls V 132 O 2 PanTerra Gold* Pantheon Vent V 245 Para Resources V 189 Parallel Mng V 247 50 Parallel Mng * O X 380 Paramount Gold* Paringa Res* O 67 Parlane Res V 13 Pasinex Res 217 Patriot Gold* O 425 Peabody Enrgy* N 3516 Pedro Res V 222 Pelangio Expl* O 0 Pelangio Expl V 35 Pele Mtn Res* O 104 Peloton Mnrls 44 Peregrine Diam T 676 Perseus Mng T 629 Pershing Gold T 61 D 172 Pershing Gold* Pershing Res* O 11 Philex Mng* O 6 Philippine Mtl* O 2 Philippine Mtl V 12 Pine Cliff En* O 177 T 1073 Pine Cliff En Pinecrest Res V 97 93 Pistol Bay Mng V Pivit Explor 92 PJSC Polyus Gd* O 1 PJX Res V 892 Plata Latina V 12 Plate Res V 25 Plateau Energy V 566 Plateau Energy* O 274 Platinex Inc 250 Platinum Gp Mt* X 5058 Platinum Gp Mt T 467 Plato Gold V 1263 Playfair Mng V 51 Playfair Mng* O 10 PolyMet Mng* X 624 PolyMet Mng T 12 Portage Res* O 116 Portofino Res V 677 Potash Ridge* O 461 Potash Ridge T 639 Power Metals* O 240 Power Metals V 880 PPX Mining V 6362 PPX Mining* O 40 Precipitate Gl* O 14 Precipitate Gl V 237 Premier Gold M T 776 Premium Expl* O 65 Pretium Res* N 13408 Pretium Res T 3849 Primary Cobalt 418 Prism Res V 20 Prize Mng* O 30 Prize Mng V 520 Probe Metals* O 412 Probe Metals V 445 Prog Planet V 316 Prog Planet* O 17 Promithian Gl * O 1 Prophecy Coal* O 62 Prophecy Coal T 238 Prospect Glob* O 93 Prospector Res* O 1 Prospector Res V 507 Prosper Gold V 103 Prospero Silvr V 50 Prospero Silvr* O 150 Provenance Gld 93 Providence V 10 PUF Vent Inc * O 163 PUF Vent Inc 456 Puma Expl V 772 Puma Expl* O 3 Pure Energy* O 1362 Pure Energy V 1340 Pure Gold Mg* O 373 Pure Gold Mg V 855 Pure Nickel V 252 Pure Nickel* O 91 Purepoint Uran V 555 Q-Gold Res V 4 QC Precious V 1281 QC Precious * O 3 QMC Quantum Ml V 163 QMC Quantum Ml* O 360 QMX Gold* O 1 QMX Gold V 399 Quadro Res V 17 Quantum Cobalt 289 Quartz Mtn Res V 0 Quartz Mtn Res* O 0 Quaterra Res V 47 Quaterra Res* O 287 Quest Rare Mnl* O 386

0.03 0.03 0.03 unch 0.00 0.06 0.03 0.75 0.75 0.75 unch 0.00 1.10 0.36 1.01 0.95 1.00 + 0.05 1.44 0.42 0.04 0.03 0.04 + 0.01 0.07 0.01 0.08 0.08 0.08 unch 0.00 0.23 0.03 0.20 0.20 0.20 unch 0.00 0.20 0.02 0.05 0.05 0.05 unch 0.00 0.07 0.05 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.19 0.15 0.19 + 0.05 0.39 0.00 0.13 0.12 0.13 unch 0.00 0.20 0.12 0.44 0.37 0.37 unch 0.00 1.59 0.31 0.32 0.28 0.29 + 0.02 1.25 0.25 0.04 0.04 0.04 unch 0.00 0.04 0.03 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.72 0.59 0.62 - 0.06 1.02 0.06 0.19 0.13 0.13 unch 0.00 0.50 0.00 0.36 0.33 0.35 - 0.01 0.47 0.15 0.28 0.25 0.26 - 0.02 0.37 0.12 0.00 0.00 0.00 - 0.00 0.01 0.00 24.03 21.99 22.26 - 1.49 24.27 18.00 18.36 16.69 16.90 - 1.24 19.56 13.99 0.08 0.07 0.07 - 0.00 0.08 0.02 0.13 0.09 0.12 - 0.01 0.13 0.03 0.27 0.20 0.25 unch 0.00 0.30 0.10 0.08 0.06 0.08 unch 0.00 0.09 0.02 0.07 0.07 0.07 unch 0.00 0.07 0.01 0.00 0.00 0.00 - 0.00 0.00 0.00 0.07 0.06 0.07 + 0.01 0.08 0.04 0.30 0.28 0.28 unch 0.00 0.48 0.15 0.02 0.00 0.01 - 0.01 0.02 0.01 0.10 0.00 0.10 unch 0.00 0.16 0.07 0.20 0.18 0.19 - 0.01 0.25 0.13 0.06 0.05 0.05 - 0.01 0.10 0.04 0.05 0.05 0.05 unch 0.00 0.05 0.04 1.29 1.20 1.22 - 0.03 1.80 1.16 0.20 0.00 0.16 + 0.01 0.45 0.14 0.20 0.00 0.17 - 0.01 0.30 0.11 0.11 0.10 0.10 - 0.01 0.33 0.10 0.08 0.07 0.07 - 0.00 0.11 0.04 46.27 43.74 43.81 - 1.47 47.84 26.31 0.26 0.21 0.21 - 0.05 0.42 0.13 0.00 0.00 0.01 unch 0.00 0.05 0.01 0.20 0.16 0.16 + 0.01 0.60 0.15 0.10 0.05 0.05 - 0.04 0.40 0.01 0.11 0.10 0.11 unch 0.00 0.15 0.06 0.17 0.16 0.17 + 0.01 0.18 0.11 0.48 0.43 0.44 - 0.04 0.50 0.27 2.32 2.20 2.29 - 0.03 4.05 2.20 1.84 1.72 1.75 - 0.01 3.31 1.70 0.02 0.02 0.02 unch 0.00 0.09 0.01 0.05 0.05 0.05 unch 0.00 0.19 0.05 0.06 0.04 0.04 unch 0.00 0.11 0.00 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.31 0.29 0.31 + 0.02 0.60 0.21 0.42 0.37 0.42 + 0.04 0.79 0.27 0.27 0.23 0.26 + 0.05 0.43 0.19 0.05 0.05 0.05 - 0.01 0.18 0.04 0.17 0.17 0.17 unch 0.00 0.18 0.12 33.22 0.00 33.22 + 1.99 50.23 29.00 0.25 0.21 0.23 + 0.02 0.25 0.11 0.05 0.04 0.05 + 0.01 0.05 0.03 0.06 0.06 0.06 - 0.01 0.10 0.04 1.42 1.16 1.40 + 0.06 1.42 0.26 1.09 0.89 1.04 + 0.04 1.09 0.21 0.09 0.08 0.08 - 0.01 0.30 0.05 0.12 0.10 0.10 - 0.01 0.85 0.08 0.16 0.14 0.14 - 0.03 1.08 0.12 0.06 0.05 0.05 - 0.01 0.06 0.02 0.08 0.07 0.07 - 0.01 0.09 0.04 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.95 0.89 0.90 - 0.05 1.36 0.58 1.24 1.17 1.17 - 0.06 1.66 0.72 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.07 0.08 + 0.01 0.19 0.04 0.05 0.04 0.05 + 0.00 0.17 0.04 0.06 0.05 0.05 - 0.01 0.21 0.05 0.28 0.23 0.25 - 0.01 0.70 0.21 0.38 0.31 0.32 - 0.03 0.88 0.25 0.10 0.09 0.10 unch 0.00 0.10 0.05 0.07 0.07 0.07 unch 0.00 0.08 0.04 0.04 0.03 0.04 + 0.01 0.15 0.03 0.06 0.05 0.05 - 0.01 0.19 0.05 2.79 2.66 2.67 - 0.09 4.13 2.51 0.00 0.00 0.00 unch 0.00 0.02 0.00 9.84 8.51 8.53 + 0.43 12.44 6.17 12.87 11.21 11.22 + 0.60 15.52 7.93 0.06 0.05 0.05 + 0.01 0.15 0.04 0.06 0.06 0.06 unch 0.00 0.20 0.06 0.14 0.14 0.14 + 0.00 0.40 0.12 0.20 0.17 0.19 + 0.01 0.55 0.16 1.10 1.03 1.10 + 0.11 1.42 0.77 1.49 1.31 1.45 + 0.16 1.74 1.03 0.07 0.06 0.06 unch 0.00 0.20 0.06 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.02 0.00 0.02 unch 0.00 0.10 0.02 1.82 1.35 1.39 - 0.29 4.00 1.40 2.42 1.73 1.85 - 0.35 5.00 1.80 0.06 0.06 0.06 unch 0.00 0.14 0.04 0.60 0.60 0.60 - 0.00 0.83 0.38 0.84 0.78 0.80 + 0.04 1.35 0.48 0.10 0.09 0.09 - 0.01 0.24 0.08 0.14 0.12 0.13 + 0.02 0.34 0.07 0.11 0.10 0.11 unch 0.00 0.25 0.07 0.23 0.20 0.20 - 0.02 0.40 0.08 0.13 0.13 0.13 + 0.01 0.27 0.09 0.53 0.48 0.50 - 0.02 1.85 0.26 0.68 0.62 0.68 - 0.01 2.09 0.32 0.07 0.06 0.07 - 0.01 0.13 0.06 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.14 0.11 0.12 - 0.01 0.50 0.11 0.18 0.15 0.16 - 0.02 0.60 0.15 0.54 0.51 0.53 + 0.02 0.56 0.36 0.71 0.66 0.66 - 0.01 0.71 0.46 0.03 0.00 0.03 unch 0.00 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.00 0.08 0.07 0.08 + 0.01 0.10 0.06 0.18 0.15 0.18 + 0.03 0.30 0.10 0.44 0.30 0.41 + 0.08 0.60 0.27 0.08 0.08 0.08 unch 0.00 0.12 0.06 0.39 0.36 0.38 - 0.01 1.85 0.09 0.30 0.27 0.30 + 0.01 1.46 0.08 0.08 0.08 0.08 - 0.00 0.29 0.08 0.11 0.00 0.11 - 0.01 0.40 0.11 0.08 0.05 0.05 unch 0.00 0.18 0.04 0.18 0.13 0.15 - 0.02 1.90 0.14 0.00 0.00 0.80 unch 0.00 1.50 0.55 0.00 0.00 0.70 unch 0.00 1.20 0.00 0.07 0.07 0.07 unch 0.00 0.13 0.05 0.06 0.05 0.05 - 0.00 0.10 0.03 0.01 0.00 0.00 + 0.00 0.05 0.00

Rackla Mtls* O 1 Rackla Mtls V 4 Radisson Mng V 158

0.00 0.00 0.09 unch 0.00 0.13 0.07 0.12 0.00 0.12 - 0.01 0.17 0.09 0.13 0.13 0.13 unch 0.00 0.25 0.11

20-22_JULY23_StockTables.indd 22

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Radius Gold V 96 Rae-Wallace Mg* O 92 Rainforest Res* O 3 Rainy Mtn Royl V 216 Rambler Ml &Mg V 32 Randgold Res* O 0 Randgold Res* D 2250 O 2 Randsburg Int* Randsburg Intl V 12 Rare Element* O 522 Rathdowney Res V 30 Ravencrest Res 1905 RB Energy* O 1561 Red Eagle Mng T 421 Red Eagle Mng* O 84 Red Moon Res V 38 Red Oak Mg V 610 Red Pine Expl V 1156 Redhawk Res V 60 Redstar Gold* O 493 Redstar Gold V 1463 Redzone Res* O 50 Redzone Res V 126 Regal Res* O 300 Regency Gold V 3 Regulus Res V 91 Remington Res V 1 O 15 Renaissance Gd* Renaissance Gd V 28 Renforth Res 206 Resolve Vent V 591 Resource Cap V 981 Resource Cap* O 19 Reunion Gold V 327 Revelo Res V 200 191 Revival Gold * O Revival Gold V 272 Rhyolite Res V 20 Richmond Mnls V 250 Ridgestone M’g V 75 Rift Valley 200 Riley Resource V 45 Rimrock Gold* O 194400 Rio Silver V 85 Rio Tinto* O 2 N 20142 Rio Tinto* Rio Tinto* O 0 Rise Gold Corp 172 River Wild Exp 5 Riverside Res* O 36 Riverside Res V 156 Rizal Res V 828 RJK Explor V 28 RJK Explor* O 5 Robex Res V 618 Rochester Res V 15 Rochester Res* O 3 Rock Tech Lith* O 35 Rock Tech Lith V 27 Rockcliff Met V 321 Rockcliff Met* O 95 Rockex Mng 50 Rockhaven Res V 129 Rockridge Res V 38 Rockshield Cap* O 101 Rockshield Cap 618 Rockwealth Res V 20 Rodinia Lithm V 80 Rogue Res* O 52 Rogue Res V 131 V 89 Rokmaster Res Romios Gold Rs* O 1 Romios Gold Rs V 123 RosCan Mrnls V 188 Rosita Mg Corp* O 6 660 Rosita Mg Corp V Ross River V 10 Ross River* O 8 Rotation Mnls V 136 Roughrider Exp V 48 Rover Metals V 51 Roxgold T 657 Roxgold* O 17 Royal Gold* D 2126 Royal Mines &M* O 50 Royal Nickel T 2020 Royal Nickel* O 186 Royal Rd Mnrls V 116 Royal Std Mnrl* O 1115 RT Minerals V 263 RT Minerals* O 18 O 10 RTG Mining * RTG Mining T 50 Rubicon Mnrls* O 782 Rubicon Mnrls T 1067 Rugby Mng V 92 Running Fox Rs* O 18 Running Fox Rs V 619 Rupert Res V 46 Rusoro Mng* O 452 Rusoro Mng V 1832

0.11 0.10 0.10 unch 0.00 0.16 0.09 0.01 0.01 0.01 unch 0.00 0.02 0.00 6.00 0.00 6.00 unch 0.00 9.45 3.68 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.08 0.00 0.07 unch 0.00 0.20 0.07 0.00 0.00 81.55 unch 0.00 103.90 79.84 76.85 71.91 72.08 - 3.97 108.29 72.75 0.01 0.00 0.00 - 0.00 0.01 0.00 0.02 0.00 0.02 + 0.01 0.02 0.01 0.20 0.15 0.20 + 0.03 0.44 0.07 0.14 0.14 0.14 unch 0.00 0.21 0.10 0.70 0.64 0.66 - 0.04 2.10 0.43 0.00 0.00 0.00 + 0.00 0.00 0.00 0.20 0.17 0.19 + 0.02 0.36 0.16 0.15 0.12 0.15 + 0.02 0.29 0.12 0.08 0.08 0.08 unch 0.00 0.16 0.04 0.33 0.27 0.33 + 0.03 0.34 0.06 0.06 0.06 0.06 - 0.01 0.14 0.06 0.05 0.00 0.05 unch 0.00 0.08 0.04 0.03 0.02 0.03 + 0.01 0.11 0.02 0.04 0.03 0.04 + 0.01 0.14 0.03 0.19 0.17 0.17 - 0.02 0.57 0.08 0.25 0.00 0.24 - 0.01 0.75 0.10 0.00 0.00 0.00 unch 0.00 0.09 0.00 0.20 0.00 0.20 unch 0.00 0.28 0.10 2.05 1.91 1.95 + 0.02 3.00 1.49 0.00 0.00 0.29 unch 0.00 1.10 0.29 0.16 0.13 0.13 - 0.02 0.38 0.13 0.21 0.18 0.18 - 0.03 0.48 0.19 0.05 0.04 0.05 unch 0.00 0.08 0.03 0.07 0.06 0.07 unch 0.00 0.69 0.06 0.05 0.05 0.05 + 0.01 0.18 0.04 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.16 0.14 0.15 + 0.01 0.18 0.11 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.70 0.60 0.68 + 0.01 0.73 0.42 0.91 0.80 0.89 + 0.02 0.99 0.35 0.17 0.17 0.17 unch 0.00 0.40 0.17 0.04 0.04 0.04 unch 0.00 0.18 0.04 0.27 0.27 0.27 unch 0.00 0.32 0.19 0.08 0.00 0.08 unch 0.00 0.15 0.05 0.15 0.15 0.15 unch 0.00 0.15 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.05 0.04 0.05 + 0.01 0.07 0.04 55.70 0.00 55.70 + 3.35 60.00 43.50 56.23 52.98 54.00 - 0.65 60.72 43.12 0.00 0.00 58.18 unch 0.00 65.30 48.75 0.10 0.09 0.09 - 0.01 0.21 0.09 0.20 0.20 0.20 unch 0.00 0.22 0.02 0.24 0.23 0.24 + 0.01 0.42 0.16 0.32 0.30 0.31 + 0.01 0.40 0.22 0.02 0.01 0.02 unch 0.00 0.06 0.01 0.05 0.05 0.05 unch 0.00 0.14 0.05 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.12 0.11 0.11 + 0.01 0.14 0.08 0.04 0.03 0.03 unch 0.00 0.09 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.95 0.81 0.81 - 0.11 1.66 0.83 1.30 0.00 1.21 - 0.09 2.16 0.82 0.04 0.03 0.04 + 0.01 0.12 0.03 0.03 0.03 0.03 unch 0.00 0.10 0.02 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.15 0.14 0.14 - 0.01 0.19 0.12 0.26 0.22 0.26 + 0.04 0.50 0.22 0.15 0.13 0.14 - 0.01 0.67 0.08 0.21 0.15 0.18 + 0.01 0.84 0.10 0.17 0.15 0.17 unch 0.00 0.30 0.12 0.18 0.12 0.15 - 0.05 0.46 0.08 0.20 0.19 0.20 + 0.01 0.43 0.16 0.26 0.22 0.26 + 0.03 0.58 0.18 0.10 0.09 0.09 - 0.01 0.30 0.08 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.06 0.06 0.06 + 0.01 0.09 0.05 0.08 0.07 0.08 + 0.01 0.10 0.05 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.12 0.00 0.12 unch 0.00 0.50 0.10 0.14 0.14 0.14 unch 0.00 0.14 0.00 0.18 0.15 0.15 - 0.03 0.45 0.12 0.14 0.00 0.14 + 0.11 0.58 0.13 0.10 0.09 0.09 unch 0.00 0.11 0.06 1.13 1.10 1.11 + 0.01 1.44 0.98 0.86 0.00 0.85 + 0.01 1.13 0.78 93.18 90.46 90.78 - 1.76 98.53 77.69 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.12 0.10 0.11 - 0.01 0.38 0.10 0.10 0.07 0.09 - 0.00 0.31 0.07 0.09 0.09 0.09 unch 0.00 0.18 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.08 0.08 - 0.02 1.10 0.09 0.07 0.07 0.07 unch 0.00 0.13 0.00 0.07 0.07 0.07 unch 0.00 0.07 0.07 0.13 0.12 0.12 unch 0.00 0.55 0.09 0.99 0.88 0.99 + 0.04 1.48 0.81 1.30 1.15 1.24 + 0.01 1.88 1.05 0.28 0.26 0.26 + 0.01 0.50 0.22 0.01 0.01 0.01 + 0.00 0.03 0.01 0.03 0.02 0.03 + 0.01 0.04 0.01 0.93 0.00 0.87 - 0.07 1.46 0.68 0.06 0.05 0.05 - 0.01 0.16 0.05 0.09 0.08 0.08 - 0.01 0.22 0.06

Sabina Gd&Slvr T 461 Sabina Gd&Slvr* O 180 Sable Res V 264 Sage Gold* O 25 Sage Gold V 485 Sailfish Rylty V 2 Saint Jean* O 8 Saint Jean V 673 Salazar Res* O 130 Salazar Res V 106 Salt Lake Pot* O 0 Sama Res V 247 Sama Res* O 17 Samco Gold V 8 Samex Mng* O 1054 San Gold Corp* O 4637 San Marco Res* O 60 San Marco Res V 52 Sanatana Diam V 103 Sandfire Res V 36 Sandfire Res* O 36 Sandspring Res* O 328 Sandspring Res V 631 Sandstorm Gold T 852 Sandstorm Gold* X 3146 Sandy Lake Gld* O 299 Sandy Lake Gld V 668 Santa Fe Gold* O 507 Santacruz Silv V 93 Sarama Res V 485 Sarissa Res* O 3236 Satori Res V 15 Saturn Mnrls V 525 Savary Gold V 211 Saville Res V 1322 Scandium Intl T 208 Scandium Intl* O 23 Scorpio Gold V 36 ScoZinc Mg V 45 Seabridge Gld T 152 Seabridge Gld* N 812 Seafield Res* O 11 Search Mnls V 605 Searchlight* O 378 Secova Mtls* O 24 Secova Mtls V 59 Sego Res V 316 Select Sands V 710 T 2357 Semafo Senator Mnrls V 42 Senator Mnrls* O 18 Sennen Potash V 110 Sennen Potash* O 1 Serabi Gold* O 0 Serabi Gold T 12 Serengeti Res V 255 Shamrock Ent 14 Sherritt Intl T 2542 Shoshoni Gold V 114 Sibanye Gold* N 10742 Sibanye Gold* O 12 Sidney Resrces* O 1410 Sienna Res* O 12 Sienna Res V 243 Sierra Metals* X 261 Sierra Metals T 15 Sigma Lithium V 15 Signature Res* O 342 Signature Res V 710 Silver Bear Rs T 143 Silver Bear Rs* O 4 Silver Bull Re* O 723 Silver Bull Re T 729 Silver Dragon* O 108 Silver Grail V 467 Silver Hill* O 0 Silver Mtn Mns V 183 Silver Phoenix 0 Silver Predatr* O 5 Silver Predatr V 28 Silver Range* O 3 Silver Range V 21 Silver Scott* O 24 Silver Spruce* O 500 Silver Spruce V 1977 Silver Viper V 56 Silver Wheaton T 2458 Silver Wheaton* N 6176 Silvercorp Met T 1020 Silvercorp Met* X 1919

1.67 1.53 1.56 - 0.07 2.70 1.48 1.28 1.16 1.17 - 0.07 2.17 1.07 0.26 0.24 0.26 - 0.02 0.35 0.13 0.00 0.00 0.00 - 0.00 0.20 0.00 0.02 0.02 0.02 unch 0.00 0.25 0.01 1.40 1.26 1.35 + 0.05 3.07 1.00 0.04 0.03 0.03 - 0.01 0.05 0.01 0.05 0.00 0.04 - 0.01 0.24 0.04 0.11 0.11 0.11 unch 0.00 0.12 0.06 0.14 0.12 0.12 - 0.02 0.18 0.08 0.00 0.00 0.41 unch 0.00 0.47 0.28 0.33 0.31 0.31 - 0.02 0.50 0.12 0.25 0.23 0.24 - 0.01 0.41 0.10 0.06 0.06 0.06 unch 0.00 0.11 0.02 0.00 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.13 0.13 0.13 + 0.00 0.23 0.10 0.18 0.17 0.17 - 0.01 0.30 0.13 0.05 0.04 0.05 unch 0.00 0.07 0.03 0.10 0.00 0.10 unch 0.00 0.12 0.06 0.07 0.07 0.07 - 0.00 0.10 0.05 0.20 0.17 0.17 - 0.03 0.39 0.17 0.26 0.22 0.23 - 0.03 0.46 0.23 6.15 5.77 5.80 - 0.28 6.95 4.84 4.70 4.37 4.39 - 0.28 5.64 3.83 0.07 0.04 0.07 + 0.01 0.07 0.03 0.09 0.06 0.08 + 0.02 0.11 0.04 0.10 0.09 0.10 unch 0.00 0.20 0.07 0.11 0.10 0.10 unch 0.00 0.26 0.09 0.11 0.10 0.10 unch 0.00 0.18 0.08 0.00 0.00 0.00 + 0.00 0.01 0.00 0.08 0.00 0.07 unch 0.00 0.23 0.07 0.13 0.12 0.13 unch 0.00 0.18 0.08 0.05 0.05 0.05 + 0.01 0.08 0.04 0.06 0.05 0.05 - 0.01 0.20 0.05 0.15 0.14 0.15 unch 0.00 0.43 0.13 0.12 0.11 0.11 - 0.00 0.35 0.11 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.89 0.00 0.80 - 0.01 1.75 0.76 15.50 14.87 14.99 - 0.14 17.65 12.61 11.85 11.30 11.35 - 0.20 13.70 9.80 0.00 0.00 0.00 unch 0.00 0.03 0.00 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.03 0.02 0.03 - 0.00 0.06 0.01 0.07 0.07 0.07 - 0.00 0.10 0.01 0.14 0.10 0.11 + 0.01 0.55 0.08 0.06 0.05 0.05 - 0.01 0.09 0.03 0.48 0.42 0.42 - 0.04 0.86 0.33 3.93 3.68 3.69 - 0.16 4.14 2.70 0.16 0.13 0.14 - 0.03 1.99 0.13 0.13 0.11 0.11 - 0.02 1.57 0.11 0.50 0.45 0.45 unch 0.00 1.00 0.30 0.37 0.37 0.37 unch 0.00 0.62 0.33 0.82 0.00 0.82 + 0.78 0.82 0.03 1.25 0.00 1.05 - 0.25 1.60 0.84 0.17 0.14 0.17 + 0.03 0.26 0.13 0.06 0.06 0.06 unch 0.00 0.08 0.03 1.15 1.09 1.12 + 0.02 1.87 0.78 0.07 0.05 0.07 + 0.02 0.07 0.04 2.47 2.23 2.27 - 0.08 6.50 2.25 0.63 0.63 0.63 unch 0.00 1.34 0.63 0.00 0.00 0.00 - 0.00 0.02 0.00 0.07 0.07 0.07 - 0.00 0.32 0.07 0.10 0.09 0.10 + 0.01 0.39 0.09 2.62 2.49 2.57 + 0.02 3.00 2.13 3.40 3.31 3.40 + 0.07 3.85 2.75 1.95 1.86 1.93 + 0.07 2.20 0.95 0.08 0.07 0.08 unch 0.00 0.11 0.04 0.11 0.09 0.09 - 0.02 0.14 0.05 0.23 0.00 0.21 - 0.02 0.32 0.12 0.18 0.16 0.18 - 0.00 0.26 0.08 0.12 0.11 0.12 + 0.00 0.23 0.06 0.16 0.15 0.16 + 0.01 0.29 0.08 0.01 0.01 0.01 + 0.00 0.02 0.00 0.10 0.08 0.10 + 0.02 0.13 0.05 0.00 0.00 0.11 unch 0.00 0.25 0.10 0.02 0.00 0.02 unch 0.00 0.03 0.02 0.00 0.00 0.15 unch 0.00 0.24 0.06 0.06 0.05 0.05 unch 0.00 0.22 0.05 0.08 0.08 0.08 unch 0.00 0.25 0.08 0.12 0.12 0.12 - 0.00 0.19 0.09 0.18 0.16 0.18 + 0.02 0.24 0.12 0.03 0.02 0.03 + 0.01 0.24 0.01 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.04 0.03 0.04 + 0.01 0.08 0.03 0.14 0.14 0.14 - 0.02 0.30 0.13 29.88 28.88 28.95 - 0.79 29.93 23.18 22.87 21.91 22.00 - 0.68 22.87 18.32 3.71 3.54 3.67 + 0.08 4.24 2.72 2.82 2.68 2.79 + 0.05 3.43 2.12

Week

12-month

Exc Volume High Low Last Change High Low

SilverCrest Mt* O 321 SilverCrest Mt V 1379 Silverore Mns* O 0 Silverstar Res* O 26 Sirios Res* O 20 Sirios Res V 100 Sitka Gold 102 Skeena Res V 259 Skeena Res* O 172 Skyharbour Res* O 113 Skyharbour Res V 141 Slam Explor* O 3 Slam Explor V 360 Sojourn Explor* O 75 Sojourn Explor V 1246 Sokoman Iron V 477 SolGold plc* O 130 SolGold plc T 300 Solitario Ex&R T 71 Solitario Ex&R* X 431 Solstice Gold V 1371 Sonora Gld & S V 650 Sonoro Mtls V 157 Southern Arc* O 11 Southern Arc V 21 Southern Copp* N 5386 Southern Silvr* O 150 Southern Silvr V 186 SouthGobi Res T 3 Spanish Mtn Gd V 555 67 Spanish Mtn Gd* O Sparton Res V 128 Sparton Res* O 206 Spearmint Res* O 43 Spearmint Res V 1261 Sphinx Res V 92 Sprott Res Hld T 581 Spruce Ridge R V 425 10 Squire Mg Ltd SRG Graphite V 141 D 1976 SSR Mining* SSR Mining T 733 St Augustine T 216 St Elias Mns* O 5 St-Georges Eco* O 60 St-Georges Eco 3303 Stakeholdr Gld* O 6 Stakeholdr Gld V 129 Standard Graph* O 3266 Standard Lith V 851 O 34 Standard Metal* Stans Energy V 178 Stans Energy* O 174 Star Diamond* O 80 Star Diamond T 592 Star Gold* O 0 Starcore Intl T 49 Starr Peak Exp V 10 Steele Oceanic* O 0 Stellar Africa V 1190 Stelmine Can V 18 Steppe Gold T 47 Sterling Grp* O 8 Stockport Expl* O 54 Stornoway Diam T 1156 O 343 Stornoway Diam* Stratabd Mnr V 189 Strateco Res* O 20 Strategic Metl* O 58 Strategic Metl V 68 Strategic Res V 0 Strategic Res* O 0 Stria Lithium V 153 Strikepoint Gd V 675 Strikepoint Gd* O 109 Strongbow Expl V 364 O 10 Strongbow Expl* Stroud Res V 180 Sulliden Mng T 216 Sun Metals V 806 Suncor Energy T 13731 Suncor Energy* N 16158 Sunvest Mnrls V 276 Sunvest Mnrls* O 180 Superior Gold* O 33 Superior Gold V 30 Superior Mng V 20 Supreme Metals 596 Surge Copper * O 15 Surge Copper V 230 Surge Explor* O 83 Surge Explor V 336 Sutter Gold* O 84 Sutter Gold V 21 Syrah Res* O 42

2.59 2.11 2.22 + 0.09 2.59 0.84 3.39 2.76 2.91 + 0.11 3.39 1.05 0.00 0.00 0.03 unch 0.00 0.03 0.03 0.12 0.08 0.12 + 0.02 3.36 0.06 0.17 0.16 0.16 - 0.01 0.36 0.15 0.21 0.00 0.21 unch 0.00 0.49 0.19 0.18 0.14 0.14 - 0.04 0.30 0.14 0.50 0.43 0.47 + 0.05 0.80 0.37 0.38 0.32 0.36 + 0.03 0.66 0.27 0.35 0.32 0.34 + 0.01 0.42 0.24 0.46 0.42 0.45 + 0.03 0.55 0.31 0.02 0.02 0.02 + 0.00 0.05 0.02 0.03 0.00 0.03 - 0.01 0.07 0.03 0.12 0.12 0.12 - 0.00 0.21 0.10 0.17 0.13 0.15 unch 0.00 0.30 0.11 0.06 0.05 0.06 + 0.01 0.10 0.03 0.31 0.28 0.31 + 0.01 0.55 0.28 0.39 0.36 0.39 + 0.02 0.95 0.32 0.58 0.54 0.54 - 0.03 1.08 0.50 0.44 0.40 0.43 - 0.01 0.88 0.37 0.21 0.00 0.21 + 0.03 0.38 0.18 0.09 0.07 0.08 - 0.01 0.20 0.05 0.12 0.10 0.11 + 0.01 0.20 0.10 0.33 0.30 0.30 - 0.02 0.65 0.31 0.43 0.42 0.43 + 0.02 0.90 0.36 46.69 44.10 45.09 - 0.70 58.09 36.36 0.20 0.16 0.17 - 0.03 0.35 0.15 0.26 0.22 0.23 - 0.04 0.43 0.20 0.17 0.00 0.17 unch 0.00 0.31 0.10 0.10 0.09 0.09 unch 0.00 0.16 0.08 0.08 0.07 0.07 + 0.01 0.13 0.06 0.08 0.07 0.07 - 0.01 0.14 0.03 0.06 0.05 0.06 unch 0.00 0.11 0.02 0.02 0.02 0.02 + 0.00 0.11 0.02 0.04 0.03 0.03 - 0.01 0.14 0.02 0.05 0.05 0.05 - 0.01 0.08 0.04 0.11 0.11 0.11 + 0.01 0.17 0.11 0.04 0.03 0.03 - 0.01 0.06 0.01 0.35 0.35 0.35 unch 0.00 0.45 0.07 1.28 1.20 1.25 - 0.04 2.25 0.43 10.37 9.86 10.02 - 0.26 11.44 7.64 13.52 13.06 13.19 - 0.26 14.62 9.66 0.03 0.02 0.03 + 0.01 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.16 0.15 0.15 + 0.00 2.20 0.11 0.21 0.18 0.20 - 0.01 2.90 0.02 0.11 0.09 0.11 - 0.01 0.45 0.09 0.14 0.11 0.11 - 0.03 0.64 0.11 1.13 0.87 1.03 + 0.08 1.13 0.18 1.33 1.10 1.23 - 0.02 2.85 0.85 0.20 0.18 0.20 - 0.02 0.22 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.03 0.01 0.02 + 0.01 0.04 0.01 0.14 0.12 0.14 + 0.00 0.26 0.12 0.19 0.17 0.18 + 0.01 0.30 0.15 0.00 0.00 0.08 unch 0.00 0.11 0.05 0.15 0.14 0.15 - 0.01 0.42 0.14 0.12 0.12 0.12 unch 0.00 0.19 0.10 0.00 0.00 0.96 unch 0.00 1.98 0.96 0.05 0.03 0.04 - 0.01 0.07 0.03 0.20 0.18 0.19 - 0.01 0.45 0.14 1.35 1.25 1.25 - 0.05 2.01 0.86 0.04 0.03 0.03 - 0.00 0.10 0.03 0.01 0.01 0.01 - 0.00 0.03 0.00 0.50 0.45 0.46 - 0.04 0.84 0.42 0.38 0.34 0.35 - 0.03 0.66 0.30 0.06 0.05 0.05 - 0.01 0.08 0.01 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.35 0.32 0.32 - 0.02 0.46 0.30 0.45 0.43 0.43 - 0.03 0.58 0.40 0.00 0.00 0.20 unch 0.00 0.25 0.10 0.00 0.00 0.14 unch 0.00 0.14 0.11 0.04 0.03 0.04 + 0.01 0.08 0.03 0.24 0.20 0.20 - 0.03 0.50 0.15 0.18 0.15 0.15 - 0.03 0.40 0.11 0.20 0.18 0.18 - 0.01 0.28 0.13 0.16 0.14 0.14 - 0.02 0.22 0.10 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.26 0.25 0.25 unch 0.00 0.65 0.23 0.20 0.17 0.18 - 0.02 0.40 0.16 55.35 53.61 55.20 + 1.26 55.17 37.04 42.06 40.79 41.91 + 0.76 42.05 29.04 0.08 0.00 0.08 unch 0.00 0.14 0.07 0.06 0.06 0.06 unch 0.00 0.18 0.04 1.03 0.99 0.99 - 0.00 1.28 0.69 1.35 1.30 1.30 - 0.05 1.62 0.85 0.08 0.08 0.08 unch 0.00 0.13 0.04 0.04 0.03 0.04 - 0.01 0.08 0.03 0.07 0.07 0.07 unch 0.00 0.21 0.07 0.11 0.10 0.11 + 0.01 0.26 0.09 0.14 0.11 0.11 - 0.02 0.36 0.09 0.16 0.14 0.15 + 0.01 0.28 0.13 0.02 0.01 0.01 - 0.01 0.04 0.01 0.02 0.02 0.02 - 0.01 0.04 0.02 2.24 2.12 2.14 + 0.03 3.85 1.96

Tahoe Res* N 9020 Tahoe Res T 2545 Taiga Gold 60 Taiga Gold* O 98 Tajiri Res V 200 Taku Gold* O 50 Taku Gold 283 Talmora Diamd 2530 Talon Metals T 245 Tamino Mnrls* O 91901 V 115 Tanager Energy Tango Mining V 995 V 546 Tanqueray Expl Tantalex Res 5398 Tanzania Mnls V 128 Tanzania Rlty T 145 Tanzania Rlty* X 1043 Taranis Res V 20 Taranis Res* O 13 Tarku Res V 982 Tartisan Nick 267 Tasca Res V 187 Taseko Mines* X 2312 Taseko Mines T 686 Teck Res T 7796 Teck Res T 9 Teck Res* N 13928 Telson Res * O 15 Telson Res V 32 Tembo Gold V 118 Tembo Gold* O 105 Teranga Gold T 1555 Teranga Gold* O 86 Teras Res V 287 Teras Res* O 112 Terraco Gold V 276 Terrax Mnrls* O 51 Terrax Mnrls V 212 Terreno Res V 314 Teslin Rvr Res V 726 Tesoro Mnrls V 165 Tesoro Mnrls* O 0 Tethyan Res V 67 Teuton Res V 198 Teuton Res* O 70 Texas Mineral* O 326 Theia Res V 152 Themac Res V 35 Thor Expl V 2 Thunder Mtn Gd* O 78 Thunderstruck V 277 O 102 Thunderstruck* Tiger Intl V 15 Till Capital V 48 Timberline Res V 451 Timberline Res* O 222 Timmins Gold T 405 Timmins Gold* X 602 Tinka Res V 610 Tinka Res* O 193 Titan Mining T 733 Titanium Corp V 68 TMAC Resource* O 17 TMAC Resources T 227 TNR Gold V 61 Toachi Mg Inc* O 47 Toachi Mg Inc V 111 Tolima Gold V 73 TomaGold V 634 Tombstone Expl* O 1162 Tonogold Res* O 57 Torex Gold* O 146 Torex Gold T 1166 Toron, Inc* O 7456 Torq Resources V 218 Torq Resources* O 31 Tower Res* O 8 Tower Res V 50 Transatlan Mng* O 1 Transatlan Mng V 403 Transition Mtl V 39 Treasury Metal T 459 Treasury Metal* O 75 Trecora Res* N 168 Trek Mining V 1090 Trek Mining* O 297 Tres-Or Res V 376 Trevali Mng* O 427 Trevali Mng T 17106 Tri Origin Exp V 275 Trifecta Gold V 396 Trifecta Gold* O 29 Trigen Res* O 124 Trilogy Mtls T 31 Trilogy Mtls* X 497 TriMetals Mng* O 65 TriMetals Mng* O 54 TriMetals Mng T 119 Trinity Res* O 1 Trinity Valley V 3 Trio Resources* O 22 TriStar Gold* O 233 TriStar Gold V 352 Triumph Gold V 552

5.12 4.86 4.86 - 0.09 7.00 3.76 6.68 6.39 6.39 - 0.10 8.50 4.75 0.17 0.15 0.16 unch 0.00 0.21 0.13 0.12 0.11 0.11 - 0.01 0.16 0.10 0.18 0.12 0.18 + 0.06 0.18 0.08 0.03 0.03 0.03 unch 0.00 0.20 0.03 0.05 0.05 0.05 + 0.01 0.25 0.05 0.05 0.04 0.04 + 0.01 0.05 0.01 0.10 0.08 0.10 + 0.01 0.15 0.05 0.00 0.00 0.00 + 0.00 0.00 0.00 0.08 0.05 0.06 unch 0.00 0.17 0.05 0.03 0.03 0.03 - 0.01 0.06 0.03 1.15 1.00 1.11 - 0.02 1.41 0.33 0.09 0.06 0.09 + 0.01 0.25 0.03 0.26 0.20 0.22 - 0.03 1.20 0.12 0.65 0.59 0.63 + 0.01 0.89 0.31 0.50 0.44 0.48 + 0.01 0.68 0.24 0.12 0.11 0.12 + 0.04 0.14 0.07 0.08 0.00 0.08 - 0.00 0.11 0.03 0.04 0.03 0.03 - 0.01 0.06 0.03 0.08 0.07 0.07 - 0.01 0.16 0.06 0.08 0.07 0.07 - 0.01 0.62 0.05 1.12 1.01 1.04 - 0.04 2.46 1.00 1.46 1.33 1.35 - 0.06 2.98 1.26 33.55 31.62 32.45 - 0.36 39.08 23.90 33.54 31.26 32.36 - 0.44 39.00 24.74 25.68 23.95 24.63 - 0.39 30.80 18.74 0.60 0.60 0.60 unch 0.00 0.74 0.27 0.77 0.75 0.75 - 0.02 1.00 0.31 0.03 0.02 0.02 unch 0.00 0.05 0.01 0.02 0.01 0.02 unch 0.00 0.03 0.01 5.03 4.11 4.42 - 0.38 5.63 2.36 3.81 3.10 3.39 - 0.28 6.40 1.83 0.08 0.06 0.07 - 0.01 0.14 0.06 0.06 0.05 0.06 - 0.01 0.11 0.05 0.10 0.08 0.09 - 0.01 0.12 0.08 0.30 0.27 0.28 - 0.00 0.51 0.27 0.39 0.35 0.35 - 0.02 0.62 0.36 0.05 0.04 0.04 - 0.01 0.18 0.03 0.44 0.36 0.43 + 0.07 0.76 0.33 0.06 0.00 0.06 + 0.01 0.12 0.05 0.00 0.00 0.05 unch 0.00 0.06 0.05 0.24 0.24 0.24 unch 0.00 0.57 0.17 0.23 0.19 0.22 + 0.03 0.35 0.15 0.15 0.13 0.15 + 0.02 0.26 0.12 0.28 0.20 0.28 + 0.07 0.24 0.13 0.09 0.08 0.09 unch 0.00 0.12 0.07 0.08 0.07 0.08 + 0.02 0.10 0.03 0.00 0.00 0.19 unch 0.00 0.23 0.09 0.16 0.12 0.13 - 0.01 0.30 0.08 0.08 0.07 0.07 unch 0.00 0.13 0.05 0.15 0.04 0.06 - 0.09 0.15 0.04 0.08 0.04 0.04 - 0.04 0.15 0.04 2.40 0.00 2.34 - 0.05 5.60 1.90 0.19 0.15 0.18 - 0.01 0.51 0.08 0.14 0.12 0.12 - 0.02 0.43 0.06 2.10 1.88 1.90 - 0.15 6.05 1.76 1.61 1.43 1.45 - 0.11 4.94 1.32 0.51 0.47 0.49 - 0.04 0.87 0.40 0.41 0.35 0.36 - 0.05 0.75 0.31 1.45 1.38 1.39 + 0.01 1.65 0.92 0.87 0.72 0.81 + 0.01 1.50 0.70 4.98 4.64 4.94 + 0.30 11.27 4.04 6.85 6.25 6.62 + 0.36 14.65 5.19 0.05 0.04 0.04 - 0.02 0.09 0.03 0.12 0.12 0.12 unch 0.00 0.35 0.10 0.15 0.14 0.15 + 0.01 0.48 0.12 0.01 0.01 0.01 - 0.01 0.06 0.01 0.07 0.06 0.07 unch 0.00 0.10 0.05 0.01 0.00 0.01 + 0.00 0.01 0.00 0.14 0.11 0.14 - 0.00 0.40 0.04 9.21 8.44 8.60 - 0.14 18.54 5.73 12.12 11.05 11.28 - 0.15 23.19 7.29 0.01 0.01 0.01 - 0.00 0.03 0.00 0.53 0.47 0.53 + 0.02 0.80 0.43 0.40 0.37 0.37 - 0.03 1.10 0.34 0.10 0.10 0.10 unch 0.00 0.19 0.08 0.13 0.12 0.12 - 0.01 0.26 0.10 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.04 0.00 0.04 - 0.01 0.10 0.04 0.13 0.13 0.13 + 0.01 0.20 0.12 0.51 0.45 0.46 - 0.05 0.77 0.38 0.38 0.34 0.34 - 0.05 0.65 0.29 15.60 14.40 14.65 - 0.25 15.60 10.25 1.05 1.00 1.05 + 0.03 1.39 0.88 0.80 0.76 0.77 - 0.02 1.11 0.69 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.71 0.57 0.59 - 0.06 1.37 0.58 0.93 0.75 0.77 - 0.07 1.75 0.75 0.03 0.00 0.03 + 0.01 0.06 0.02 0.11 0.07 0.11 + 0.03 0.24 0.07 0.07 0.05 0.07 - 0.00 0.19 0.05 0.45 0.25 0.26 - 0.04 1.01 0.06 2.35 2.15 2.19 - 0.16 2.42 0.90 1.82 1.60 1.65 - 0.16 1.87 0.69 0.15 0.13 0.15 + 0.01 0.20 0.11 0.07 0.06 0.07 + 0.00 0.18 0.06 0.09 0.09 0.09 unch 0.00 0.23 0.08 0.01 0.00 0.01 - 0.00 0.10 0.01 0.06 0.00 0.06 unch 0.00 0.18 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.17 0.14 0.17 + 0.03 0.32 0.13 0.23 0.18 0.23 + 0.05 0.41 0.18 0.37 0.31 0.35 + 0.03 0.57 0.26

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Triumph Gold* O 408 Troilus Gold V 23 V 108 Troubadour Res Troy Enrgy V 64 Troy Res* O 140 Troymet Expl V 514 0 V True Grit Res True North Gem V 2303 O 0 Trueclaim Expl* Trueclaim Expl V 35 Tsodilo Res V 31 55 O Tudor Gold * Tudor Gold V 112 Turquoise HIl T 2788 Turquoise HIl* N 8071 TVI Pacific* O 19 TVI Pacific V 210 Tyhee Gold* O 237 Typhoon Expl V 1831

0.20 0.28 + 0.03 0.46 0.28 0.24 1.20 1.21 - 0.09 2.25 1.45 1.21 0.16 unch 0.00 0.16 0.16 0.16 0.16 0.04 unch 0.00 0.15 0.04 0.05 0.04 0.06 0.11 + 0.00 0.13 0.12 0.11 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.07 0.03 0.00 0.03 unch 0.00 0.00 0.02 0.01 0.01 0.01 unch 0.00 0.01 0.01 unch 0.00 0.17 0.10 0.00 0.00 0.07 0.18 + 0.05 0.30 0.18 0.00 0.46 0.53 + 0.08 0.83 0.53 0.46 0.71 0.26 0.26 0.26 - 0.02 0.29 0.33 0.35 - 0.02 0.94 0.39 0.33 3.40 3.71 - 0.09 4.52 3.90 3.70 2.63 2.83 - 0.07 3.59 2.97 2.81 0.00 0.01 - 0.00 0.02 0.01 0.01 0.01 unch 0.00 0.02 0.02 0.02 0.01 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 0.04 - 0.01 0.10 0.05 0.04

U.S. Lithium* O 1223 U3O8 Corp* O 10 U3O8 Corp T 60 O 0 UC Res* 553 Ucore Rare Mtl V 263 Ucore Rare Mtl* O UEX Corp T 827 Ultra Lithium* O 46 Ultra Lithium V 217 Umbral Enrgy* O 18 O 64 Unigold* V 24 Unigold United Lithium 5 295 United Res Hdg* O United Silver* O 82 250 United States A* X United States S* N 30002 Unity Energy V 39 Unity Energy* O 3 Universal Vent V 747 Upper Canyon V 3 Ur-Energy T 120 Ur-Energy* X 752 Uracan Res V 247 Uracan Res* O 1 333 Uragold Bay Rs V X 2530 Uranium Energy* O 0 Uranium Hunter* Uranium Res* D 1612 Uravan Mnrls V 62 URZ Energy V 3 US Energy* D 688 673 US Precious M* O O 250 USCorp* N 79138 Vale* ValGold Res* O 3 ValGold Res V 455 Valley High Mg* O 1368 ValOre Metals* O 0 ValOre Metals V 177 Valoro Res* O 2 Valoro Res* O 1 Valoro Res V 78 Valterra Res* O 153 Valterra Res V 232 Vanadium One V 351 O 317 Vanadiumcorp* Vangold Res* O 599 Vangold Res V 760 3 Vanstar Mng Rs V Vantex Res* O 3 Vantex Res V 30 Vatic Vent V 482 Vatic Vent* O 171 N 2083 Vedanta* Velocity Mnrls* O 1 Velocity Mnrls V 36 Vendetta Mng* O 287 Vendetta Mng V 781 Venerable Vent V 10 Venture Mnrls* O 27 Verde Potash T 527 Verde Res* O 481 Veris Gold* O 26 Vertical Expl V 1102 Victoria Gold V 1236 Victory Nickel 22 Victory Res V 68 Victory Res* O 1 Victory Vent* O 8 Victory Vent V 52 Virginia Enrgy* O 45 Virginia Enrgy V 27 Viscount Mng V 76 66 Visible Gold M V 1 Visible Gold M* O Vision Lithium V 146 Vision Lithium* O 1 Vista Gold* X 994 Vista Gold T 93 Viva Gold V 501 Volcanic Gold V 72 Volt Energy V 60 Voltaic Min V 96 Voyageur Min V 106 O 44 VR Resources* VR Resources V 347 Vulcan Mnrls V 17 VVC Expl V 13

0.02 0.02 + 0.00 0.06 0.02 0.02 0.18 0.23 + 0.00 0.49 0.23 0.00 0.21 0.29 + 0.01 0.60 0.32 0.29 0.00 unch 0.00 0.20 0.00 0.00 0.00 0.31 0.17 0.18 0.19 - 0.01 0.20 0.26 0.13 0.14 0.14 - 0.00 0.16 0.15 unch 0.00 0.41 0.24 0.26 0.24 0.12 0.13 + 0.00 0.63 0.17 0.12 0.15 0.20 + 0.05 0.80 0.23 0.15 0.07 0.21 - 0.01 0.64 0.22 0.00 0.12 0.13 - 0.00 0.22 0.13 0.13 0.15 0.18 - 0.01 0.29 0.23 0.00 0.40 unch 0.00 0.57 0.50 0.50 0.50 0.07 0.00 0.02 0.02 - 0.00 0.03 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.59 0.20 0.44 0.48 + 0.03 0.49 36.84 34.86 36.21 + 0.87 47.64 22.38 0.10 0.16 + 0.01 0.23 0.16 0.15 0.08 unch 0.00 0.19 0.11 0.11 0.11 0.31 0.59 - 0.01 0.63 0.61 0.51 0.03 unch 0.00 0.40 0.38 0.38 0.00 0.62 0.89 - 0.02 0.98 0.94 0.88 0.50 0.68 - 0.02 0.79 0.73 0.67 0.02 0.02 - 0.01 0.04 0.03 0.02 0.01 unch 0.00 0.09 0.01 0.01 0.01 0.14 0.08 0.08 0.08 - 0.01 0.09 0.96 1.60 - 0.08 2.00 1.70 1.58 0.50 unch 0.00 2.20 0.50 0.00 0.00 0.35 0.38 - 0.04 1.70 0.44 0.36 0.04 0.04 - 0.01 0.08 0.05 0.04 0.20 unch 0.00 0.79 0.50 0.50 0.50 0.68 1.28 - 0.01 1.96 1.40 1.22 0.01 0.00 0.00 0.00 + 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.00 0.00 13.14 + 0.11 15.24 8.97 13.23 12.56 0.04 unch 0.00 0.10 0.09 0.09 0.09 0.05 0.12 + 0.01 0.14 0.12 0.12 0.04 0.00 0.00 0.01 + 0.00 0.01 0.04 unch 0.00 0.10 0.06 0.06 0.06 0.07 unch 0.00 0.13 0.07 0.07 0.07 0.14 0.14 - 0.00 0.14 0.14 0.14 0.01 unch 0.00 0.07 0.02 0.02 0.02 0.17 0.18 - 0.01 0.90 0.19 0.18 0.01 unch 0.00 0.05 0.03 0.03 0.02 0.02 unch 0.00 0.06 0.03 0.03 0.03 0.04 unch 0.00 0.14 0.09 0.10 0.08 0.01 0.04 - 0.03 0.14 0.09 0.01 0.03 0.05 + 0.01 1.38 0.05 0.00 0.05 0.07 + 0.01 0.25 0.07 0.06 0.12 0.06 0.11 0.11 unch 0.00 0.11 0.04 unch 0.00 0.24 0.18 0.18 0.18 0.23 0.25 - 0.05 0.58 0.36 0.25 0.12 0.16 - 0.01 0.32 0.17 0.16 0.05 0.13 + 0.03 0.64 0.13 0.08 12.19 12.22 - 0.53 21.99 13.27 12.15 0.12 unch 0.00 0.35 0.12 0.12 0.12 0.15 unch 0.00 0.47 0.16 0.17 0.00 0.13 0.15 + 0.00 0.27 0.15 0.14 0.18 unch 0.00 0.33 0.19 0.20 0.19 0.09 unch 0.00 0.15 0.11 0.11 0.11 0.02 0.02 - 0.00 0.04 0.02 0.02 0.39 1.07 + 0.22 1.26 1.19 0.84 0.00 unch 0.00 0.17 0.01 0.01 0.01 0.00 0.00 - 0.00 0.02 0.00 0.00 0.04 unch 0.00 0.40 0.11 0.12 0.10 0.31 0.35 - 0.01 0.57 0.36 0.34 0.04 0.05 + 0.01 0.07 0.05 0.00 0.13 0.20 + 0.03 0.65 0.20 0.18 0.13 unch 0.00 0.19 0.15 0.15 0.15 0.06 0.12 - 0.00 0.24 0.12 0.11 0.06 0.15 - 0.01 0.36 0.16 0.14 0.07 0.14 - 0.01 0.25 0.20 0.14 0.09 0.21 - 0.08 0.33 0.27 0.00 0.22 0.25 - 0.01 0.40 0.27 0.25 0.18 0.06 0.07 0.07 unch 0.00 0.07 0.14 0.04 0.05 0.05 unch 0.00 0.05 0.18 0.39 + 0.04 0.79 0.39 0.33 0.25 0.27 + 0.01 0.62 0.27 0.27 0.60 0.62 - 0.05 0.92 0.72 0.59 0.77 0.82 - 0.07 1.14 0.90 0.00 0.21 0.45 + 0.12 0.69 0.48 0.35 0.13 0.15 + 0.02 0.48 0.15 0.14 0.12 0.14 + 0.01 0.96 0.14 0.14 0.18 0.19 - 0.02 0.95 0.20 0.19 0.04 unch 0.00 0.15 0.07 0.07 0.07 0.20 0.20 - 0.06 0.35 0.27 0.20 0.22 0.28 - 0.05 0.43 0.35 0.26 0.04 0.05 - 0.01 0.07 0.05 0.05 0.03 unch 0.00 0.07 0.03 0.03 0.00

Walker Lane* O 8 Walker River V 250 T 716 Wallbridge Mng 376 War Eagle Mg V Waseco Res V 115 Wealth Mnrls V 936 Wealth Mnrls* O 618 O 10 Wescan Gldflds* V 11 Wescan Gldflds O 517 Wesdome Gold* T 1910 Wesdome Gold 852 V West Af Res 69 West High Yld V West Kirkland V 409 14 West Kirkland * O 226 West Red Lake* O 333 West Red Lake O 10 Western Areas* Western Atlas V 735 T 127 Western Copper X 344 Western Copper* 49 Western Pac Rs V 43 Western Pac Rs* O T 8 Western Potash Western Res* O 7 3 Western Troy C V Western Uran 285 Western Uran* O 353 V 321 Westhaven Vent O 28 Westhaven Vent* O 306 Westkam Gold* Westkam Gold V 186 V 84 Westminster Rs O 0 Westminster Rs* O 315 Westmoreland* 0 WestMountain* O White Energy* O 26 White Gold* O 66 White Gold V 82 959 White Metal R* O White Metal Rs V 5140 32 White Mtn Engy* O O 0 Whitehaven Coa* Whitemud Res V 268 Winston Gold 60 Winston Gold* O 213 Winston Res 440 Wolfden Res* O 244 Wolfden Res V 770 Wolfeye Res V 692 O 2 Wolverine Mnls* V 297 Wolverine Mnls V 11 Worldwide Res WPC Res V 386 X-Terra Res V 523 Xander Res V 15 Xiana Mng V 7 Xiana Mng* O 1 Ximen Mng V 133 Xmet Inc* O 170 V 504 Xtierra O 24 Xtra-Gold Res* Xtra-Gold Res T 118 Yamana Gold T 8009 55955 Yamana Gold* N Yanzhou Coal* O 1 V 5 Yellowhead Mng Yorbeau Res T 533 Yorbeau Res* O 20 0 You Han Data* O 350 O Zadar Vent * Zadar Vent V 65 Zara Res 0 Zena Mng V 0 Zenyatta Vent* O 6 Zenyatta Vent V 160 Zeox Corp* O 1 Zephyr Mnls V 36 Zephyr Mnls* O 28 Zimtu Capital V 106 530 Zinc One Res V 108 Zinc One Res * O Zincore Mtls V 9 Zincore Mtls* O 2 ZincX Res* O 104 ZincX Res V 2405 Zonte Mtls V 82

0.10 0.20 - 0.04 0.24 0.20 0.00 0.05 0.06 - 0.01 0.15 0.06 0.06 0.06 unch 0.00 0.15 0.08 0.08 0.07 0.22 0.04 0.10 0.11 + 0.01 0.11 0.03 0.04 + 0.02 0.08 0.04 0.03 0.78 0.80 - 0.22 2.34 1.01 0.76 0.60 0.61 - 0.17 1.85 0.78 0.57 0.04 unch 0.00 0.10 0.04 0.04 0.04 0.05 0.05 - 0.02 0.12 0.05 0.05 1.28 2.50 - 0.07 3.79 3.50 2.46 1.64 3.27 - 0.07 3.50 3.50 3.24 0.50 0.29 0.33 0.34 - 0.04 0.37 3.80 0.24 0.38 0.39 + 0.01 0.42 0.06 0.07 - 0.01 0.09 0.08 0.07 0.07 0.04 0.05 0.06 + 0.00 0.06 0.20 0.04 0.04 0.06 + 0.01 0.07 0.23 0.07 0.07 0.08 + 0.01 0.08 1.91 2.63 + 0.09 2.82 2.75 2.54 0.10 0.13 + 0.02 0.32 0.14 0.10 0.92 1.08 - 0.04 1.76 1.12 1.08 0.71 0.84 + 0.00 1.44 0.87 0.81 0.03 0.01 0.02 0.02 unch 0.00 0.02 0.03 0.01 0.01 0.02 + 0.01 0.02 0.37 0.38 - 0.01 0.58 0.39 0.38 0.28 0.30 + 0.00 0.39 0.30 0.00 0.06 0.02 0.02 0.02 unch 0.00 0.02 0.54 0.76 - 0.04 1.20 0.80 0.74 0.44 0.56 - 0.08 0.99 0.62 0.56 0.08 0.15 - 0.01 0.24 0.16 0.14 0.06 0.12 + 0.02 0.18 0.12 0.10 0.01 0.01 - 0.00 0.04 0.01 0.01 0.01 unch 0.00 0.05 0.02 0.02 0.01 0.07 0.12 - 0.01 0.38 0.13 0.12 0.09 unch 0.00 0.28 0.11 0.00 0.00 0.07 0.14 + 0.01 4.67 0.15 0.11 0.00 0.00 3.30 unch 0.00 11.00 1.15 0.11 unch 0.00 0.30 0.19 0.19 0.19 0.53 0.59 - 0.03 0.73 0.62 0.59 0.61 0.78 - 0.01 1.90 0.86 0.78 0.17 0.05 0.10 0.18 + 0.10 0.19 0.24 0.03 0.12 0.21 + 0.09 0.25 0.00 0.00 0.00 0.00 unch 0.00 0.00 2.22 unch 0.00 4.37 4.28 0.00 0.00 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.03 0.07 - 0.01 0.09 0.07 0.06 0.02 0.04 - 0.01 0.09 0.05 0.04 0.10 0.10 - 0.02 0.24 0.12 0.10 0.11 0.24 + 0.05 0.56 0.31 0.20 0.13 0.32 + 0.08 0.68 0.40 0.26 0.49 0.85 - 0.05 1.64 0.92 0.80 0.06 0.06 + 0.00 0.12 0.06 0.06 0.06 0.10 + 0.01 0.17 0.10 0.09 0.01 unch 0.00 0.09 0.03 0.03 0.00 0.03 unch 0.00 0.07 0.03 0.03 0.03 0.12 0.15 + 0.02 0.35 0.15 0.12 0.12 unch 0.00 0.35 0.14 0.14 0.14 0.08 0.58 - 0.04 0.70 0.63 0.58 0.06 0.43 + 0.02 0.55 0.43 0.00 0.13 0.14 - 0.01 0.25 0.16 0.14 0.00 0.00 + 0.00 0.01 0.00 0.00 0.02 unch 0.00 0.08 0.05 0.06 0.05 0.11 0.21 - 0.02 0.27 0.23 0.21 0.18 0.28 - 0.01 0.36 0.30 0.00 2.97 3.82 - 0.23 4.69 4.16 3.80 2.33 2.91 - 0.19 3.80 3.18 2.88 0.96 unch 0.00 1.83 1.39 0.00 0.00 0.15 unch 0.00 0.70 0.20 0.20 0.00 0.04 unch 0.00 0.10 0.04 0.04 0.04 0.03 unch 0.00 0.06 0.03 0.03 0.03 2.00 1.00 0.00 1.10 unch 0.00 0.00 0.08 0.02 0.03 0.03 + 0.01 0.03 0.04 unch 0.00 0.13 0.04 0.04 0.04 0.08 unch 0.00 0.24 0.12 0.00 0.00 0.08 unch 0.00 0.18 0.08 0.00 0.00 0.34 unch 0.00 0.93 0.38 0.40 0.36 0.42 0.60 + 0.13 1.15 0.60 0.48 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.20 unch 0.00 0.34 0.27 0.27 0.27 0.16 0.20 - 0.01 0.28 0.21 0.20 0.20 0.30 + 0.02 0.40 0.30 0.28 0.58 0.20 0.20 0.20 - 0.02 0.22 0.46 0.14 0.14 0.15 - 0.01 0.17 0.03 0.08 - 0.01 0.35 0.09 0.08 0.04 unch 0.00 0.25 0.05 0.05 0.05 0.18 0.32 + 0.06 0.31 0.32 0.25 0.24 0.42 + 0.07 0.40 0.42 0.33 0.12 0.19 + 0.01 0.39 0.19 0.17

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