The Northern Miner July 5 2021 Issue 14

ATLANTIC CANADA: GOLD RUSH GATHERS STEAM / 5 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

SPECIAL FOCUS

CANADA’S

.com

TOP TEN

expert advice

Our annual ranking of the biggest players with headquarters in Canada / 8-20

from exploration to closure

VTEM™ | ZTEM™ | Gravity | Magnetics 905 841 5004 | geotech.ca

DELIVERING QUALITY EXPERTISE GLOBALLY ACROSS THE ENTIRE MINING LIFE CYCLE WWW.SGS.COM/MINING

MINERALS@SGS.COM

JULY 5–18, 2021 / VOL. 107 ISSUE 14 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Jetti Resources’ technology could help unlock millions of tonnes of copper from tailings

An aerial view of Wallbridge Mining’s Fenelon gold project in northern Quebec. WALLBRIDGE MINING

TECHNOLOGY

| New extraction method could be

a ‘game changer’ for the sector

BY CARL A. WILLIAMS

A Gold Royalty to acquire Ely Gold Royalties M&A

G

| More consolidation could lie ahead

BY TRISH SAYWELL

old Royalty (NYSE-AM: GROY), which has a portfolio of 18 net smelter return royalties ranging from 0.5% to 2.0% covering 12 projects in the Americas, is acquiring Ely Gold Royalties (TSXV: ELY; US-OTC: ELYGF) in a deal valuing the company at about $300 million.

Ely Gold Royalties is focused on Nevada and has royalties on three of the state’s largest gold mines— Jerritt Canyon, Goldstrike and Marigold — as well as on the Fenelon mine in Quebec operated by Wallbridge Mining (TSX: WM).

Under the proposed deal, shareholders of Ely Gold Royalties have the option of receiving $1.46 per share in cash for each share they own, or 0.245 of a Gold Royalty share. The transaction represents a 42% premium to Ely Gold shareholders based on the 30-day volume weighted average price of the shares of Gold Royalty and Ely Gold ending on June 18.

If the transaction closes at the maximum aggregate cash consideration of $84 million, shareholders of Gold Royalty will own about 55% of the combined company and Ely Gold shareholders 45% on a fully diluted basis.

The combined company will have about US$33 million in cash, as well as “greater access to equity and debt capital markets and the critical mass to drive significant growth through acquisitions,” the companies stated

in a press release.

Trey Wasser, Ely Gold’s president and CEO, noted that the transaction is a “great outcome” for his company’s shareholders, and “provides an immediate, compelling premium,

a significant cash component and the opportunity to continue to participate in the growth of an outstanding combined asset portfolio.”

See M & A / 3

new technology by Jetti Resources that can be used to extract copper from mine waste could be a “game-changer” for the copper industry, says Mike Outwin, Jetti’s CEO and co-founder.

“The technology enables the recovery of copper trapped in primary sulphide ore usually discarded as waste by miners because of the low copper yields generated from conventional processing methods,” Outwin said in an interview.

Capstone Mining (TSX: CS) is the first company to validate the effectiveness of Jetti’s technology on a commercial scale at its Pinto Valley open-pit copper mine in Arizona.

Japan’s Mitsubishi, through its Mineral Resources Group, has supported the commercialization of the technology since 2019 and holds an undisclosed stake in the company.

Earlier this month it increased its ownership in the company and invested US$50 million, which also included funds from first time investors BHP Ventures, FreeportMcMoRan (NYSE: FCX), and global investment firm Orion Resources Partners.

Mitsubishi will “provide our expertise in business creation, marketing, finance, and technology and collaborate to expand the deployment of Jetti’s technology across the industry,” Takashi Hirose, general manager of Mitsubishi’s Mineral Resources Group, wrote in an email to The Northern Miner.

“Jetti’s technology has the potential to make a significant contribution to more efficient development and conservation of the world’s limited copper resources,” Hirose noted. “Our investment was made to both secure a stable supply of copper and to contribute to MC’s efforts in addressing the problem of diminishing natural resources.”

The success at Capstone’s Pinto Valley has “deepened our confidence in Jetti’s technology, and we are impressed with the great performance of Jetti’s management team,” he added.

Following the latest financing, Jetti has now raised more than US$100 million for the development and deployment of the technology.

“We’re looking forward to pursuing opportunities within our part-

ZINC: PRICE FORECAST TO PEAK IN Q3 / 6

“JETTI’S TECHNOLOGY HAS THE POTENTIAL TO MAKE A SIGNIFICANT CONTRIBUTION TO MORE EFFICIENT DEVELOPMENT AND CONSERVATION OF THE WORLD’S LIMITED COPPER RESOURCES.” TAKASHI HIROSE GENERAL MANAGER, MITSUBISHI’S MINERAL RESOURCES GROUP

ners’ portfolios of copper assets to deliver additional copper to the markets and value to our investors,” Outwin said.

Last year Jetti strengthened its board and management team, bringSee TECHNOLOGY / 6 PM40069240

2

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

M

SANDVIK DL422iE INTELLIGENT AND FULLY ELECTRIC Sandvik DL422iE is a fully automated, battery-powered, top hammer production longhole drill.

The electric driveline system with zero diesel emissions while tramming and the continuous, automated production drilling ensure a safer, productive working environment for teams underground.

Learn more about the Sandvik DL422iE.

Explore our website ROCKTECHNOLOGY.SANDVIK

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

3

Dixie maiden resource statement coming early 2022 GOLD

G

| Great Bear Resources is on a roll

Taylor says the project has progressed from discovery to the preresource stage at breakneck speed.

Taylor recalls how he and a handful of other early believers took out a second mortgage on his property to fund the acquisition of a portion of the claims that today constitute Dixie.

When the team first mobilised to the site, Taylor says they found boxes upon boxes of stored drill core that had previously not been examined for gold content.

The core was drilled in the Confederation group of rock that was not previously characterised as gold-rich

in the Red Lake complex, hence the erroneous interpretation that the sequence of stones was not prospective for gold mineralisation.

“What we found blew our socks off,” he says. “In that pile of core that had been sitting there for more than a decade, we found many occurrences of first low-grade and then high-grade gold. We knew we were on to something.”

The company has since reported multiple gold discoveries along a 3.2-kilometre strike length portion of the about 18-km-long LP Fault target, which transects the property

and is hosted in the larger project’s Bear-Rimini Zone.

Taylor says for the first time in a year, Great Bear will conduct followup drilling of previously successful reconnaissance holes completed elsewhere along 11 kilometres of the LP Fault. The 2021 exploration plan will also include a systematic extension and infill drilling of the central LP Fault zone, which is ongoing.

The regional drilling will include a one-kilometre step-out to the east of the central 4.2-kilometre drill grid.

Alongside, deeper drilling of the central LP Fault zone below the about 400 metre vertical depth of the planned resource area will continue into 2022.

Drilling will also restart by fall on the Hinge and Dixie Limb zones.

Covering about 9,140 hectares, the Dixie Lake project comprises a typical Archean mesothermal gold vein system located 20 to 25 km from other significant mines that share the same geological and metallogenic characteristics. These operations include Evolution Mining’s (ASX: EVN) Red Lake mine, which has been in production since the late 1940s, and PureGold Mining’s (TSXV: PGM; LSE: PUR) PureGold mine, which recently restarted production following a redevelopment.

Great Bear shares in Toronto have seen some volatile trade in the year to date, and at $14.63 a share, it is down nearly 14% since the New Year. However, that still reflects a 465% increase in value since the excitement started late in 2018. Great Bear has a market capitalisation of $835.9 million, with about 61.3 million shares outstanding on a fully diluted basis. TNM

will allow Gold Royalty to seriously consider introducing a dividend policy in the future.”

Heiko Ihle, an analyst at New York investment bank H.C. Wainwright & Co., said the deal is “likely to go through” given the strong premium it offers Ely Gold shareholders, and the transaction will give Gold Royalty access to near-term cash flow.

“Unlike any of GRC’s current royalty holdings, Ely Gold maintains a series of interests on producing precious metal operations,” he wrote in a June 22 research note. “As an example, we highlight that Ely Gold holds a

gross revenue royalty of 0.75-2.50% on the Isabella Pearl project, which is expected to provide a $0.3 million payment to the company in FY21 and FY22, with payments ramping up to approximately $1.3 million in FY23.

Additionally, Ely Gold maintains a 0.50% net smelter returns royalty on the Jerritt Canyon mine, which is slated to provide annual payments of $1.9 million from FY21-FY23. ...

GRC’s prospect of generating nearterm cash flow through these assets should warrant a price re-rating in the market as the company’s scale, asset diversification, liquidity and general

growth profile increase.”

Gold Royalty was spun out of GoldMining (TSX: GOLD; NYSE: GLDG) through its IPO on the NYSE American in March.

Before joining Gold Royalty in August 2020, Garofalo served as CEO of Goldcorp between 2016 and 2019 until its merger with Newmont (TSX: NGT; NYSE: NEM). Before that, he was president and CEO of Hudbay Minerals (TSX: HBM; NYSE: HBM) (2010-2015) and vice president finance and chief financial officer at Agnico Eagle Mines (TSX: AEM; NYSE: AEM) (1998-2010). TNM

BY HENRY LAZENBY

reat Bear Resources (TSXV: GBR) continues to make golden strides in its exploration drilling program at one of Canada’s most extensive new gold discoveries in recent years.

President and CEO Chris Taylor tells The Northern Miner the company is nearing the finish line on its marathon drilling campaign. The company has set itself to complete more than 175,000 metres of drilling this year using a fully-funded budget of $45 million.

“We estimated we would need about 400 holes to get that resource drilling done. And we have drilled approximately 375 of those holes as of last week,” says Taylor in an interview.

He expects the program to wrap up shortly. “We should be done this year, for sure. And then it’s just a matter of working on the calculations.

“Different engineering groups are working on that right now. And then there’ll be a resource disclosure early in 2022,” says Taylor.

Great Bear recently gave the market another tantalising glimpse of the high-grade results its drilling program continues to unearth on the LP Fault target at its 100%-owned Dixie gold project in Ontario’s resurging Red Lake mining camp.

The junior published results from 331 LP Fault drill holes, with another 50 drill holes in various stages of completion, ranging from active drilling to being complete and awaiting assays.

Recent highlights from drilling

Great Bear Resources’ president and CEO Chris Taylor examines core at the Dixie gold project in Red Lake, Ontario.

GREAT BEAR RESOURCES

across the LP Fault Zone included a high-grade intercept of 400 grams per tonne gold over 0.5 metres from 175.5 metres downhole. Importantly, this interval is within the newly defined high-grade domain BR4.

The exploration work also continues to trace bulk-tonnage gold intercepts such as 2.23 grams per tonne gold over 77.4 metres from 69.6 metres downhole, including 5.14 grams per tonne gold over 20.7 metres from 75.3 metres downhole.

The drill hole is said to have traversed high-grade domain AURO20.

Other encouraging intercepts included 3.83 grams gold per tonne over 12.15 metres from 117.5 metres as the drill hole traversed domain BR7.

The company says 11 of the 13 drill holes included in its June 21 press release tested the bulk-tonnage style halo next to the high-grade domains along the more than 2.5 kilometres of strike length. Drilling intersected gold mineralisation from bedrock surface to a vertical depth of 500 metres.

M & A From 1

Wasser, who will join the combined company’s board of directors, also noted that the deal “provides the scale, balance sheet, access to capital and management team to drive significant growth and creates an excellent platform for further consolidation in the royalty space.”

Ely Gold will hold a shareholders’ meeting in August to seek approval for the deal.

In an email to The Northern Miner, David Garofalo, Gold Royalty’s president, CEO and chairman, noted that the two companies began their discussions and extensive due diligence on each other late last year before Gold Royalty went public, and then renewed discussions in March after Gold Royalty raised US$90 million during its IPO. “Ely did run a targeted process but the industrial logic and complimentary nature of our portfolios made the combination with Gold Royalty a perfect fit,” he noted.

Shareholders of the combined entity will benefit through their participation in a larger, well-funded, and more diverse company, he said, and the acquisition could lead to a re-rating.

Garofalo also noted that he expects there will be greater consolidation in the royalty sector.

“I do believe that this is the first of a number of M&A deals likely to occur in the gold royalty space as investors seek scale and liquidity and gold royalty companies look for ways to drive down their cost of capital and improve their competitive position for royalty positions.’

Garofalo declined to comment on specific opportunities, or whether Gold Royalty has signed any con-

“ELY DID RUN A TARGETED PROCESS BUT THE INDUSTRIAL LOGIC AND COMPLIMENTARY NATURE OF OUR PORTFOLIOS MADE THE COMBINATION WITH GOLD ROYALTY A PERFECT FIT.”

Studying drill core at Great Bear’s Dixie project. GREAT BEAR RESOURCES

DAVID GAROFALO PRESIDENT, CEO AND CHAIRMAN GOLD ROYALTY

fidentiality agreements with other companies, but said “we are in a constant process of evaluating opportunities to add to our royalty portfolio.”

Gold Royalty’s goals over the next few years, he added, are “first and foremost to make accretive transactions that grow net asset value per share.”

“Scale and diversification are paramount to the royalty industry and we will aim to have a market cap exceeding US$1 billion in the medium term. We also note that a large and well-diversified portfolio will provide reliable cash flows, which

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

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

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

4

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

www.northernminer.com

Potash market looks strong EDITORIAL

EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com MULTIMEDIA SPECIALIST: Henry Lazenby hlazenby@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders.

7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: US$120.00 one year Foreign: US$157.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304.

U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304.

U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

THE NORTHERN MINER is published biweekly by Glacier Resource Innovation Group, a division of Glacier Media Inc., a leading Canadian media company with interests in business-to-business information services.

From time to time we make our subscription list available to select companies and organizations whose products or services may interest you. If you do not wish your contact information to be made available, please contact us by one of the following methods: Phone: 1-888-502-3456; Fax: (416) 447-7658; Mail to: Privacy Officer, The Northern Miner, 225 Duncan Mill Road, Suite 320, Toronto, ON M3B 3K9.

COLUMN

| Revolution underway, mining stands naked

| BHP mulls Jansen project

BY DR. CHRIS HINDE

I

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com

THE VIEW FROM ENGLAND

n this issue we bring you our popular rankings by market capitalization of the top ten Canadian-headquartered companies across five sectors. The lists are always a compelling read and are compiled by our colleagues at MiningIntelligence, which like The Northern Miner, is part of the Glacier Resource Innovation Group.

BY TRISH SAYWELL If I had to pick one company — and sector — that stands out in this year’s lists, it would be Nutrien (TSX: NTR; NYSE: NTR) and the favourable dynamics of the potash sector. Nutrien retained its second-place ranking again this year on the list of top ten Canadian mining companies, and saw its US dollar market cap surge from US$19.8 billion when the lists were compiled last year to US$35.8 billion this year. Its shares on the New York Stock Exchange are now trading at about US$61, more than double their 52-week low of US$30.56 per share.

The company, formed from a merger of Potash Corp. of Saskatchewan and Agrium in 2018, says it produces about 27 million tonnes of potash, nitrogen and phosphate products a year, and on June 21 increased its 2021 guidance for potash production to between 13.3 million tonnes and 13.8 million tonnes.

In mid-May, Nutrien declared a quarterly dividend of US46¢ per share, soon after reporting strong first-quarter results. The company generated $476 million in free cash flow in the first quarter, more than double that of the first quarter of 2020, while adjusted EBITDA jumped by nearly 60% year-on-year to $806 million. Nutrien’s potash adjusted EBITDA rose by 33% in the first quarter compared to the same quarter a year ago, “due to higher net realized selling prices and sales volumes,” the company said, adding that its potash sales volumes “were near record levels for a first quarter due to continued strong demand in North American and offshore markets.”

Looking ahead to the remainder of the year, the company raised its full-year adjusted EBITDA guidance to between $4.4 billion and $4.9 billion, up from $4.0 to $4.5 billion, and its adjusted net earnings per share to $2.55 to $3.25 per share, up from $2.05 to $2.75 per share.

“Crop prices are at multi-year highs supported by strong global demand and less than expected supply from major production regions,” Nutrien elaborated in a press release. “The rally in crop prices highlights the tightness in global supply and demand balances and the sensitivity to any potential supply risk in 2021.”

Sticking with potash, Cecilia Jamasmie reports on page seven that BHP is getting closer to making a final decision on whether to go ahead with its Jansen potash project in Canada, more than a decade after completing a feasibility study on the proposed mine and after spending about US$4.5 billion laying the the groundwork. It will likely cost another US$5.7 billion to build.

During a briefing in mid-June on the outlook for potash, BHP told analysts and investors that it expects that the potash market will grow at a compound annual growth rate of 1-3% between 2020 and 2030.

It also pointed out that potash is “a low emission, biosphere friendly” fertiliser that doesn’t release carbon dioxide (Co2) or nitrous oxide (N2O) and “doesn’t pollute waterways.”

As such, it said, Jansen would produce an “attractive commodity” that “fits” the company’s “strategic framework,” and offers exposure to the global mega trends of decarbonisation and land use. “Potash sits at the intersection of global demographic, social and environmental megatrends,” BHP stated. “The environmental footprint of potash is considerably more attractive than other major chemical fertilizers.”

Major construction permits for Jansen are in place, including the environmental impact study, mining plan, mining closure plan and construction water authorisation, it added, and construction would take about five to six years with about two years from first production to ramp up. Volumes would be between 4.3 and 4.5 million tonnes of potassium chloride, KCl, per year.

“We’ve got a really big decision ahead of us on Jansen,” Rag Udd, president of Minerals Americas at BHP, acknowledged during the briefing on June 17. The executive also noted that the decision “depends on more than the fundamentals for potash,” which he says are “very, very attractive.” TNM

COMPANY INDEX Agnico Eagle Mines . . . . . . . . . . . . . 3, 8 Altius Minerals . . . . . . . . . . . . . . . . . 16 Anaconda Mining . . . . . . . . . . . . . . . . 5 Archon Minerals . . . . . . . . . . . . . . . . 20 Arctic Star Exploration . . . . . . . . . . . 20 Artemis Gold . . . . . . . . . . . . . . . . . . 14 Aston Bay Holdings . . . . . . . . . . . . . . . 5 Aurelius Minerals . . . . . . . . . . . . . . . . 7 Barrick Gold. . . . . . . . . . . . . . . . . . . . . 8 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . 4, 7 Cameco . . . . . . . . . . . . . . . . . . . . . . . . 11 Capstone Mining . . . . . . . . . . . . . . . 1, 6 Denison Mines . . . . . . . . . . . . . . . . . . 17 Diamcor Mining . . . . . . . . . . . . . . . . 20 Diamond Fields Resources . . . . . . . . 19 Discovery Silver . . . . . . . . . . . . . . . . . 14 Ely Gold Royalties . . . . . . . . . . . . . . 1, 3 EMX Royalty . . . . . . . . . . . . . . . . . . . 16 Equinox Gold . . . . . . . . . . . . . . . . . . . 22 Filo Mining . . . . . . . . . . . . . . . . . . . . 17 First Quantum Minerals . . . . . . . . . . 10 Fission Uranium . . . . . . . . . . . . . . . . 18 Foran Mining . . . . . . . . . . . . . . . . . . . 18 Franco-Nevada. . . . . . . . . . . . . . . . . . 15 Galway Metals . . . . . . . . . . . . . . . . . . . 7 Global Atomic . . . . . . . . . . . . . . . . . . 18 Gold Royalty . . . . . . . . . . . . . . . . . . 1, 3 Great Bear Resources . . . . . . . . 3, 5, 14 GGL Resources . . . . . . . . . . . . . . . . . 20 Ivanhoe Mines . . . . . . . . . . . . . . . . . . 11 Jetti Resources . . . . . . . . . . . . . . . . . 1, 6 Kinross Gold . . . . . . . . . . . . . . . . . . . 22 Labrador Gold . . . . . . . . . . . . . . . . . . 22 Labrador Iron Ore Royalty . . . . . . . . 16

Lucara Diamond . . . . . . . . . . . . . . . . 19 Lundin Mining . . . . . . . . . . . . . . . 11, 22 Marathon Gold . . . . . . . . . . . . . 5, 7, 14 Maverix Metals . . . . . . . . . . . . . . . . . 16 Metalla Royalty and Streaming. . . . . 16 Metalex Ventures . . . . . . . . . . . . . . . . 20 Mountain Province Diamonds . . . . . 19 New Found Gold . . . . . . . . . . . 5, 12, 22 NexGen Energy . . . . . . . . . . . . . . . . . 17 Newmont . . . . . . . . . . . . . . . . . . . . 3, 22 Nomad Royalty . . . . . . . . . . . . . . . . . 15 North Arrow Minerals . . . . . . . . . . . 19 NovaGold Resources . . . . . . . . . . . . . 12 Nutrien . . . . . . . . . . . . . . . . . . . . . . . 4, 8 Oroco Resource . . . . . . . . . . . . . . . . . 17 Osisko Gold Royalties . . . . . . . . . 15, 16 Osisko Mining . . . . . . . . . . . . . . . . . . 12 PolyMet Mining . . . . . . . . . . . . . . . . . 18 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . 22 Sabina Gold & Silver . . . . . . . . . . . . . 14 Sandstorm Gold . . . . . . . . . . . . . . . . . 16 Seabridge Gold . . . . . . . . . . . . . . . . . . 12 SilverCrest Metals . . . . . . . . . . . . . . . 12 Sokoman Minerals . . . . . . . . . . . . . . . . 5 Star Diamond . . . . . . . . . . . . . . . . . . . 19 St. Barbara . . . . . . . . . . . . . . . . . . . . . . 5 Teck Resources . . . . . . . . . . . . . . . . . . 10 Trilogy Metals . . . . . . . . . . . . . . . . . . 18 Vale . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Vizsla Silver . . . . . . . . . . . . . . . . . . . . 22 Wallbridge Mining. . . . . . . . . . . . . . . . 1 Wheaton Precious Metals . . . . . . . . . 16 Western Copper and Gold . . . . . . . . 18

Special to The Northern Miner

A

new strategic partnership on raw materials has been announced between Canada and the European Union. This follows the June 14 summit in Brussels between Ursula von der Leyen (President of the European Commission) and Canadian Prime Minister Justin Trudeau. The leaders also reaffirmed their ambitious commitments on fighting climate change and protecting the environment.

The mining industry in Canada, as elsewhere, is already committed to these objectives as part of an impressive embrace of environmental, social and corporate-governance issues. Indeed, if ESG were a metal, we could categorise it as being in a demand supercycle that began perhaps 15 years ago.

Unfortunately, the public remains largely unaware of mining’s effort.

In this regard, there might be some parallels with a 1,000-year-old tale from India (attributed to Jineśvara in 1052) about invisible apparel. The story tells of a dishonest merchant who pretends to weave a supernatural garment that cannot be seen by any person of illegitimate birth.

This “invisible cloth” theme was repeated in a story (attributed to Don Juan Manuel) in a 1335 Spanish collection of cautionary tales, and then, most famously, by the Danish author Hans Christian Andersen. First published in 1837, “The Emperor’s New Clothes” tells of material that is invisible to those who are stupid, with the swindle being exposed by a child.

Social, environmental and corporate governance are intimately linked to the concept of responsible investment. Demand from ‘responsible’ investors has been growing since the early years of the new millennium.

Previously there had been an assumption that ethically directed investments were likely to reduce financial returns. Even the celebrated American economist Milton Friedman (1912-2006) argued that the costs of behaving in an ethically responsible manner would outweigh the benefits.

Whilst Friedman provided academic support that the integration of ESG would reduce financial performance, numerous reports began to appear in the early years of the century which supported arguments to the contrary.

Friedman lived long enough to see the launch, in June 2003, of the Equator Principles. This risk-management framework was based on environmental and social-policy standards that had been established by the International Finance Corporation.

In 2005, the United Nations Environment Programme established its Principles for Responsible Investment. In the same year, law firm Freshfields Bruckhaus Deringer published a report (commissioned by the UN), which concluded that not only was it permissible to integrate ESG issues into investment analysis, but it was also arguably part of an investment company’s fiduciary duty.

ESG equates to the sustainability of a company’s business model. Issues to be addressed include water management, minimising waste and preparing for mine closure (under the environment imperative); land use, labour practices and post-closure sustainability (under social issues); and

ethics, corruption and transparency (under governance).

Unfortunately, much of this ESG data is qualitative, and not readily quantifiable in monetary terms. Nevertheless, the investment market has long dealt with intangible assets, including goodwill, and accepted them as contributing to a company’s value.

As Clive Burstow, the head of global resources at Barings, noted a year ago, “There is a quiet revolution underway in mining that is delivering more change than it has seen in centuries. Changes in management culture, and crucially the embrace of new technology and working practices, are rapidly making the industry safer, more efficient and more sustainable. This transformation is still in its early stages, but the mine of the future will be a blend of technology and best practices from other industries, shifting thinking from the mine in its traditional sense to one that is part of a larger industrial process.”

A dizzy array of data providers, consultants and investment companies are now focussed on responsible investment and ESG-based portfolios.

There is considerable effort from London-based organisations alone. For example, the International Council on Mining and Metals is dedicated to “a safe, fair and sustainable mining and metals industry.” The ICMM brings together 28 of the largest mining and metals companies, and its work focuses on supporting the UN’s Sustainable Development Goals, the contribution of minerals and metals to economic development, and on improving environmental and social performance.

Mining Journal has launched a “Digging for Climate Change” programme that aims to “build the pathway to carbon-neutral mining by expanding the conversation around climate education.”

Also based in London, the World Gold Council’s Climate Change Lead, John Mulligan, said earlier this month that the mining sector “is clearly in transition,” but warned “the industry needs to keep building momentum and accelerating progress if it is to be aligned with investor and societal needs and expectations.”

It has been argued that the industry is still too motivated by value-protection and risk management, rather than on value creation. Mining needs to evolve beyond environmentalimpact metrics, and focus on material benefits across the entire project life-cycle, for example decarbonising operations, integrating sustainable biodiversity and incorporating progressive reclamation plans into initial mine designs.

Progress is being made, however, and Mulligan called for the industry “to enhance how it demonstrates and communicates” these changes.

Indeed, there is a danger that mining’s ESG effort will remain invisible to a public whose support and skills we need.

Unlike in Andersen’s fairy tale, magnificent things are there to be witnessed in a mining parade. The public is not stupid but people are not seeing what our industry has to offer. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

DEPARTMENTS Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Professional Directory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Market News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Metal Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Stock Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24-27

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

5

More consolidation expected as Atlantic Canada’s gold rush gathers steam EXPLORATION

A

| Juniors driving exploration boom in region

BY HENRY LAZENBY

tlantic Canada-focused gold juniors are driving an exploration boom in provinces not previously noted for their gold production. The increasing sentiment has one analyst calling for caution as the market froths up.

“Beware the arm wavers as momentum sweeps the provinces,” Joe Mazumdar, editor and analyst at Exploration Insights, says in an interview. “Many of the juniors that had made discoveries recently are trading at very high market caps while they still have no resource statements underpinning anything. That’s where we’re at right now. Newfoundland landholders are suddenly getting a premium for just having ground near prospective areas. Anyone who has got ground has the ability to raise capital due to their location and, in addition, Eric Sprott and the retail market are very keen on the area.”

Mazumdar says the region could play host to more consolidation.

“Companies like New Found Gold with a market cap of $1.77 billion would probably look to consolidate.

So that might be a good use of paper,” he says.

For comparison, it is interesting that Great Bear Resources (TSX: GBR; US-OTC: GTBAF) is about three years in from discovering Dixie, and choosing to continue drilling before releasing a mineral resource estimate continues to see it attract a market capitalization of $830 million.

“So, the question becomes how do you add value in this market? Do companies continue drilling for grade or move the projects further along the Lassonde Curve? That is important to watch,” says Mazumdar. “The current valuations suggest that you can get significant value at this stage in the exploration-developmentproduction cycle by just drilling and returning high grade results.”

Perceptions have changed dramatically over the past few years over the likelihood for significant gold deposits to occur along the North American east coast. For the most part, there were small pockets of gold mineralization to be found, just not on any significant scale.

The region shares a common geological heritage from South Carolina to Newfoundland, stretching northeast across the Atlantic Ocean to Ireland and Scandinavia. The trend is known for hosting various mineral resources, including gold, copper, iron ore, and zinc. Currently, there are about 30 exploration companies active in Atlantic Canada alone.

The discovery and sale of substantial high-grade gold deposits along the Appalachian Trend in recent years have given the fortunes of many junior explorers a shot in the arm, says Mazumdar.

The Appalachian Mountain range was formed by the collision of continents over 250 million years ago.

During this period, the geologic (tectonic) forces that caused the Earth to buckle, fold, and be uplifted, caused cracks and faults, allowing mineral-bearing fluids to ascend towards Earth’s surface.

Most gold deposits and showings occur along boundaries between tectonic zones, and continued exploration efforts by various actors have spurred renewed interest in the different gold-bearing regions.

Current gold production comes from large, commercial mines in South Carolina, Nova Scotia, and Newfoundland and Labrador.

Recent high-grade (read bonanzagrade) discoveries by New Found

Anaconda Mining continues to fund its Goldboro project with cash flow from the Point Rousse Complex in Newfoundland. ANACONDA MINING

St Barbara’s Atlantic Gold operations in Nova Scotia. ST BARBARA

Gold (TSXV: NFG; US-OTC: NFGFF) and Sokoman Minerals (TSXV: SIC; US-OTC: SICNF) in Newfoundland, and Aston Bay Holdings (TSXV: BAY; US-OTC: ATBHF) in Virginia, have renewed investor interest and exploration activities in the region.

In recent years, the eastern seaboard saw several notable mergers and acquisitions activity with OceanaGold’s (TSX: OGC; ASX: OGC) $856 million (US$650 million) acquisition in 2015 of Romarco Minerals to gain control of the four million oz.-plus Haile mine in South Carolina, kicking off the action.

More recently, St Barbara’s (ASX: SBM) Atlantic Gold acquisition for US$550 million in cash for control of the low-cost Moose River Consolidated open pit operation in Nova Scotia, Canada, confirmed the region was indeed host to large economic gold deposits.

“The general issue with these deposits is they are very structurally

controlled, and continuity is an issue,” says Mazumdar. “There are legitimate deposits in Newfoundland and Labrador and Nova Scotia, but historically on the gold side, they haven’t been big enough for anybody actually to go in and do anything,” he says. “St Barbara was the first basically of a mid-tier, but they came from Australia.”

Besides the newsmakers mentioned above, several junior explorers continue to add value through the drill bit at assets across the Eastern Seaboard of North America, especially in Atlantic Canada. The Northern Miner spoke to a handful of these movers and shakers in the past week.

One of the companies making waves in central Newfoundland and Labrador is Marathon Gold (TSX: MOZ), which recently released a feasibility study on a two-pit milling operation at its Valentine project.

CEO Matt Manson tells The Northern Miner he sees potential to pour

first gold by October 2023.

The latest study presents a development scenario with two open pits at the Marathon and Leprechaun deposits and a central mill. This concept remains unchanged from the April 2020 prefeasibility study.

With a $305 million capital outlay, the feasibility proposes a staged milling operation. The initial 6,800 tonnes per day mill option includes gravity concentration and cyanidation of the concentrates and tails.

In the fourth year, a $44 million expansion would increase the mill throughput to 11,000 tonnes per day and add flotation and regrinding of the flotation concentrates to the circuit; the concentrates and tailings would then be leached with cyanide.

Ore above the 0.7 gram gold per tonne cut-off grade would be prioritized for milling; lower-grade material between 0.3 gram and 0.7 gram gold would be stockpiled for processing at the end of mine life.

The higher-grade feed suggests

a 10-year production period that would generate an average of 173,000 gold oz. annually with the low-grade stockpile adding three years of gold production that would add an average of 56,000 gold oz. annually.

Life-of-mine all-in sustaining costs are estimated at US$833 per ounce.

The mine has a high strip ratio of 7.1 tonnes of waste rock for every tonne of ore.

With a 22-month construction and start-up period that would kick off in January 2022, the project would bring in an after-tax net present value of $600 million, at a 5% discount rate and using US$1,500 per oz. gold with a 31.5% internal rate of return and 1.9-year payback.

“The feasibility study confirms a compelling mine development opportunity with strong margins, high rate of return and low capital intensity,” says Manson. “The Valentine gold project is projected to be the largest gold mine in Atlantic Canada and a major contributor to the socio-economic well-being of central Newfoundland.”

Manson underlines that the feasibility cost and schedule estimates are on the conservative side, given challenges around the Covid-19 pandemic and recent inflation to materials prices and labour costs.

Importantly, Manson says the feasibility does not account for any Sprite or Victory deposits’ resources or potential for additional mill feed from the Berry zone. An initial Berry resource was released in April. In addition, a revised site layout allows for a potential future pit at Berry.

Four existing deposits host updated total measured and indicated resources of 56.7 million tonnes at 1.72 grams gold per tonne and inferred resources of 18.3 million tonnes grading 1.7 grams gold.

Valentine is subject to both federal and provincial-level environmental regulation. At the end of September, Marathon filed an Environmental Impact Statement with the federal and provincial agencies; the EIS is now under the two levels of review.

Marathon recently announced a raising of $50 million (US$41.27 million) in a private placement to supSee EXPLORATION / 7

6

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

TECHNOLOGY From 1

ing on Chip Goodyear, the former CEO of BHP(NYSE: BHP; LSE: BHP; ASX: BHP), and Trevor Reid, the former CFO of Anglo-Swiss mining company Xstrata, which was acquired

by Glencore (LSE: GLEN) in 2013.

Capstone Mining first deployed the catalytic technology in mid2019 in an effort to enhance copper recovery from the leach operation at Pinto Valley.

Last year, the company reported a doubling of copper cathode production per area irrigated, a key metric for tracking the performance of its leaching operation, since the technology was implemented at the mine’s solvent extraction and electrowinning (SX-EW) plant.

“We were very excited by the results as it means we can now generate value from material previously considered waste,” Jerrold Annett, Capstone’s senior vice president, strategy and capital markets, said in an interview. “We have historic stockpiles potentially containing over a billion pounds of copper. So, there is huge potential to improve the competitiveness of Pinto Valley.”

Another “big win for us,” Annett said, is the ability to produce a finished cathode product with a 99.99% copper content on site. By comparison, copper concentrates from the site’s mill may only contain around 25% copper, he said, and are currently sent by Capstone for refining at smelters that are often some distance from the site.

In 1981, Pinto Valley started producing copper cathode from stockpiled material below the mill’s cutoff grade that had accumulated since the early 1970s. By the early 2000s, annual cathode production averaged approximately 16 million pounds.

Since then, however, annual production has fallen to around four million lb. of copper due to reduced leach recovery from the chalcopyrite mined at the operation.

Capstone’s use of the catalytic leach technology was an extension of its existing PV3 optimization study, which focused on several low-capex, high-impact projects to increase the net present value of the operation.

Jetti’s technology could enable existing SX-EW operations to process mineralised material previously considered too low-grade to be processed economically, reinvigorating aging mining operations while also providing an alternative to the development of brownfield sites.

“A key aim of PV3 was to generate strong cash flow from the site’s underutilized 25 million pounds per year SX-EW plant, which is currently operating at around 20% capacity,” Annett said.

The company plans to increase copper cathode production from its SX-EW facility to around 300350 million lb. of copper over the mine’s remaining 19-year mine life, and given the commercial demonstration of the technology, Capstone intends to significantly expand leaching activity at the facility, targeting the estimated 280-300 million tonnes of historic stockpile and the estimated 175-185 million tonnes of high-grade waste that will be deposited at Pinto Valley over the rest of its operational life.

“There is also potential to increase the mill cut-off grade to bolster copper concentrate production, which would also increase the amount of high-grade waste available for leaching,” said Annett.

Capstone is working on an updated study, PV4, which, he said, will include increased use of Jetti’s technology to reduce waste tonnes, increase production, and extend the life of the mine, possibly into the 2050s.

The study is expected to be completed in the second half of 2022.

Currently, around 70% of the world’s copper resources are bound up in primary sulphide minerals like chalcopyrite, the world’s most abundant copper-bearing mineral.

However, standard leaching techniques, such as heap or run-of-mine leaching with sulphuric acid, used to extract the copper from the chalcopyrite results in a hard, non-reactive coating, which forms around the crystal structures in the mineralised materials.

“This coating, called the passivation layer, prevents contact between the leaching solution and the surface of the mineral, inhibiting the recovery of copper,” explained Outwin.

Over the past decade or so, the mining industry has sought to develop a cost-effective method for extracting copper from low-grade sulphide ore. These efforts have typically focused on subjecting the chalcopyrite to high temperatures or crushing it very finely to extract the copper before the passivation layer forms; however, this approach has proved to be expensive and uneconomic at scale.

“As miners usually assign zero percent recovery to the low-grade chalcopyrite, which often makes up a significant component of their mines, our technology could be a gamechanger for the copper industry,” said Outwin. “It’s considered the ‘holy grail’ for the industry.”

Developed in collaboration with the University of British Columbia (UBC), the catalytic leach technology uses a proprietary catalyst that enhances copper recovery from heap leaching of chalcopyrite ore. (Under the partnership with UBC, Jetti holds the global license to deploy the technology.)

It works by disrupting the metalsulphur bond in the chalcopyrite and prevents the passivation layer from forming, allowing the copper to be extracted unimpeded. It can also remove the passivation layer

Zinc price: Q3 peak, long-term weakness in the cards FORECAST

T

| Reduced demand from China expected to impact price

BY HENRY LAZENBY

he surge in zinc prices in 2020 and 2021 is expected to gradually unwind following a period of peak pricing forecast for the September quarter, a new assessment by Fitch Country Risk and Industry Research shows.

The global production surplus that emerged in 2020 should persist into the medium term, and the resulting increase of zinc inventories should gradually drag prices lower.

But before those mechanics take effect, an improving near-term demand backdrop has encouraged Fitch to bump up its average price forecasts for the coming years, guiding instead for a more gradual price slide following the near-term peak.

Fitch’s forecast for an average zinc price of US$2,600 per tonne in 2021 implies an average of US$2,707 per tonne over the remainder of the year, compared with a June 14 spot price

are generated, and consume less than half the water of traditional pyrometallurgical methods to produce the same amount of copper.

“The widespread adoption of the technology by the copper industry could also reverse the decade’s long decline in the use of leaching and

of US$3,050 per tonne and a yearto-date average of about US$2,450 per tonne. Should prices level off, they’d still be trading at historically high levels.

The forecast further calls for zinc to average US$2,360 per tonne over 2022 to 2026, compared with US$2,090 per tonne previously expected in this period.

Zinc prices will remain elevated by historical standards through the second half due to strong demand from the steel sector and reduced production in China.

Growth prospects for major economies, including the U.S. and Eurozone, are seen to have improved over recent months as Covid-19 vaccination programs are rolling out and corporate profitability is improving quickly. Monetary and fiscal policy will generally remain loose, according to Fitch.

Despite the more optimistic nearterm outlook, Fitch expects a steady

downtrend in prices through 2030.

Price weakness should be particularly pronounced starting around mid-decade, as the forecast calls for a significant widening of the global production surplus around then.

Fitch predicts an average annual production surplus of 476,000 tonnes over 2026 to 2030, compared with 203,000 tonnes over 2021 to 2025.

Ultimately, zinc prices will be dragged lower as long-term production growth outstrips low demand growth.

The most significant drag on global zinc demand growth will come from China, accounting for around half of annual refined zinc consumption.

“We forecast steel production growth in China to slow from an annual average of 7.8% over 2018 to 2022, to just 1.3% over the subsequent five years,” the Fitch analysts say. TNM

rial in mine plans. The technology could also enable low-grade material processing at greenfield deposits with large amounts of sulphide ore presently considered uneconomic to process. Higher-grade sulphide tailings would also benefit from the technology.

gap emerging from the mid-2020s, which could reach nearly 11 million tonnes annually by 2050 if new supplies don’t come online.

The consulting company estimates the cumulative total market demand for Jetti’s technology could be about 234 million tonnes of copper by 2050.

The rough surface of chalcopyrite leach residue with Jetti catalyst.

JETTI RESOURCES

Above: Copper cathode plates generated by leaching. JETTI RESOURCES Right: Jetti Resources co-founder and CEO Mike Outwin. JETTI RESOURCES

if it has already formed, allowing for the re-treatment of previously leached material.

The technology allows for the efficient and effective heap and stockpile leach extraction of copper trapped in the mineralised material, said Outwin, increasing yields by as much as 300% compared to traditional processes.

“It also easily integrates with existing SX-EW process infrastructure, and so requires minimal additional upfront capex other than the installation of an on-site catalyst addition facility, resulting in lower unit costs of production,” he said.

In addition to the potential economic benefits, he added, the technology has significant environmental benefits too.

By using hydrometallurgical methods, processing plants that use the technology require less power and transportation compared with pyrometallurgy. As a result, Jetti estimates that 40% fewer carbon dioxide emissions and 70% fewer emissions of sulphur oxides and nitrogen oxides

The smooth surface of chalcopyrite leach residue without Jetti catalyst.

“IT’S CONSIDERED THE ‘HOLY GRAIL’ FOR THE INDUSTRY.” MIKE OUTWIN CEO, JETTI RESOURCES

SX-EW to produce copper, which has been occurring due to falling reserve quality and lower orebody grades,” said Outwin.

There are several types of mining operations and deposit categories where the technology could be deployed, he said.

These include at SX-EW plants with underutilized capacity or mines with mineralised material below cut-off grades, which could allow for the inclusion of stockpiled mate-

“It has the potential to extend the life of a mine by allowing waste streams and uneconomic deposits to be turned into valuable assets through the conversion of resources into reserves,” said Outwin.

According to a study by CRU Group commissioned by Jetti, there is a decade’s worth of copper contained within discarded waste dumps at mines around the world.

Released in May, the study estimated that nearly 40 million tonnes of copper are currently bound up in tailings.

As the world transitions to a lowcarbon economy, global demand for the red metal, which is crucial to the electrification of the transportation and power systems needed to support this transition, is expected to soar over the coming decades.

CRU forecasts a significant supply

JETTI RESOURCES

Were the technology to be applied to 100% of this demand, CRU estimates, the technology could yield a peak production of 7.2 million tonnes of copper per year by 2034, enough to meet most of the forecast supply shortfall.

The study highlights the “huge contribution our technology can make in providing the copper vital for decarbonizing the world’s economies,” said Outwin. “Furthermore, the technology also enables the production of copper in a cost-effective and environmentally sustainable manner.”

Jetti currently has a pipeline of 23 projects at various stages of development, including five active pilots and three opportunities transitioning to commercial status, he said. “We’re now in full-blown execution mode and are hard at work scaling up our growth phase.” TNM

GLOBAL MINING NEWS

EXPLORATION From 5

port exploration and development activities at Valentine. Marathon said a single institutional investor, Pierre Lassonde and Trinity Capital Partners Corporation and Affiliates, participated in the offering.

Another junior making headlines in Nova Scotia is Anaconda Mining (TSX: ANX; US-OTC: ANXGF), which recently released a preliminary economic assessment (PEA) for its 100%-owned Goldboro gold project in Nova Scotia, about 175 km northeast of Halifax.

The study envisions a 17.6-year open-pit and underground mining operation producing 1.95 million oz. of gold over its lifetime, with an average production of 89,500 oz. per year over the first seven years from surface mining, increasing to an average annual production of 120,000 oz. in years eight to 18.

All-in sustaining costs are expected to be US$799 per oz. of gold over the life of the mine (life of mine operating costs of US$68.92 per tonne milled).

Initial capital costs are estimated at $286 million, and can be paid back in just over three years. Sustaining capital costs over the mine life are pegged at US$269.2 million. At a gold price of US$1,550 per oz., the after-tax net present value (at a 5% discount rate) is estimated at $547 million, and the internal rate of return at 24.4%.

The PEA was based on an updated resource estimate of 16 million measured and indicated tonnes grading 3.78 grams gold per tonne for 2.1 million oz. contained gold and inferred resources of 5.3 million tonnes grading 4.68 grams gold for 875,630 gold ounces.

“A feasibility study on the surface mining portion of the project will be completed in the fourth quarter of this year,” president and CEO Kevin Bullock tells The Northern Miner.

He says Anaconda is undertaking a phased development approach that will initially focus on the surface mining phase of the mine plan.

Should a production decision on a surface mine be made, Anaconda will then commence the next phase of planning for underground mining, including infill and expansion drilling from drifts off benches in the open pit. This approach will allow for more effective and less expensive diamond drilling. Pending those results, the company would then consider a supplementary study focused on adding the underground mining phase to the project.

“Importantly, the Goldboro deposit is open in all directions, and the company is initiating exploration to the west of the deposit towards the past-producing Dolliver Mountain gold mine,” says Bullock. “Goldboro has potential to be a multi-generational gold mine, which can create significant value for our shareholders and project stakeholders, including the community of Guysborough and the Mi’kmaq of Nova Scotia.”

Meanwhile, Galway Metals (TSXV: GWM), another junior, is working to prove up what looks to be an emerging gold district at Clarence Stream in New Brunswick. It continues to report a steady stream of exploration results with six drills turning. In addition, the company is aggressively drilling a multitude of targets.

Earlier this month, Galway reported new results from holes in the George Murphy Zone (GMZ) and the western and northern extensions and intercepted high grades from the new Adrian Zone, first discovered in August last year.

Galway has a 100% interest in the Clarence Stream gold project, located 70 km south-southwest of Fredericton in southwestern New Brunswick. The company’s land position includes 60,465 hectares with 65 km of strike length (and a width of up to 28 km) along the Sawyer Brook Fault System. In addition, Galway holds the Estrades property,

THE NORTHERN MINER / JULY 5–18, 2021

a former producing, high-grade VMS mine in Quebec.

The Clarence Stream deposits appear to be intrusion-related, quartzvein hosted gold systems with elevated bismuth, arsenic, antimony and locally tungsten.

“Clarence Stream has become a classic ‘drill baby, drill’ project,” says company director Larry Strauss.

“The more we drill, the more we will find, I can almost assure you of that,” he says.

The GMZ discovery was initially reported in December 2017, but drilling stopped a year later after discovering the Richard Zone, first reported in January 2019. Drilling at the GMZ resumed in November 2019.

Six drills are currently advancing the project, with a seventh being sourced.

Another junior company The Northern Miner recently spoke to is Aurelius Minerals (TSXV: AUL; US-OTC: AURQF), which is making solid progress with its Phase 1 drill program at the Aureus East project in Nova Scotia.

CEO Mark Ashcroft says the company’s recent exploration efforts are paying off in delineating a gold system much more extensive than previously thought.

Ashcroft says the company began drilling at the project last August, and the latest assays come from a nine-hole surface program in which all holes hit gold. The final two drill holes formed part of an underground program, which confirmed higher grade mineralization.

The gold explorer is advancing its flagship Aureus gold properties comprising four assets in Nova Scotia. These assets include the Aureus East mine, which has a 300 tonne per day mine and mill that requires permitting. The company also has the Aureus West, Tangier and Forest Hill properties.

Across all four assets, Aurelius believes there is extensive resource growth potential, reserve conversion and exploration upside.

Ashcroft says the company is following the #DefineRefineReEngineer strategy to advance its assets, namely to define (resources), refine resources (into reserves) and re-engineer (the extraction method) into economic and mine studies to maximize efficiency and operations.

Phase one drilling, comprising ten holes, has now been completed at Aureus West, and more assays are awaited before a second phase of drilling begins.

Notably, in January this year, the company said that three holes at Aureus West had hit ‘significant’ gold mineralization and new gold horizons to a depth of 500 metres below the surface, which is well below the current resource depth of around 150 metres.

Results included an intercept of 2.5 metres grading 13.2 grams gold per tonne, including 0.5 metres grading 46.4 grams gold per tonne.

On March 1, Aurelius published underground assays from two holes at Aureus East, which had expanded a high-grade gold zone called Zone 9. With the results, which included 10.5 metres at a grade of 11.7 grams gold per tonne from a depth of 63 to 73.5 metres, the company said it had “laterally expanded the width of the Zone 9 high-grade gold zone.”

“The Aureus East system is larger than thought, and the potential is even more exciting, as we have tripled the depth extent and doubled the width in the core of the system in Phase 1, and the gold mineralization continues over 1.5 km to the east,” says Ashcroft in an interview.

“This unloved, misunderstood, and underappreciated asset base very much reminds me of the original FNX Mining model, which acquired brownfield and exhausted assets, put much-needed exploration and technical work into them, and made them a significant success, eventually taking those assets back into production.” TNM

The Jansen potash project in Saskatchewan.

7

BHP

BHP to pick port ahead of Jansen potash mine decision POTASH

B

| Board is poised to make final decision soon

BY CECILIA JAMASMIE

HP (NYSE: BHP; LSE: BHP; ASX: BHP), the world’s largest miner, is weeks away from deciding whether to go ahead with its long-delayed Jansen potash project in Canada, more than ten years after completing the mine’s feasibility study.

The company has been mulling a final decision on the asset for at least eight years, during which it has spent about US$4.5 billion laying the groundwork for the crop nutrientproducing project.

Before choosing to spend a further US$5.7 billion to bring Jansen into production, BHP is looking into what port it would use to ship the key element in plant nutrition.

“We are considering two options in terms of the port. One is a commercial option at the port of Vancouver, one is a greenfield option,”

BHP’s Minerals America president, Ragnar Udd, told investors on June 17. “We would like to have those locked in before we take them to the board. We continue to expect that this (decision) will occur in the next, coming few months.”

Originally expected during 2020, BHP’s announcement should come on August 17 at the latest, when it publishes results for the year ended June 30. But the company could issue a statement on the matter as early as next month, when it’s slated to publish its operational review for fiscal 2021.

The Melbourne-based mining giant has also been talking to Canadian rival Nutrien (TSX: NTR; NYSE: NTR), which has signalled its willingness to either become the mine operator or take a stake in the project.

Nutrien — formed in 2018 from the merger of Potash Corp. of Saskatchewan and Agrium Inc. — said

in May the market could absorb Jansen’s output if produced in a “disciplined” way.

The Saskatoon-based miner has been an open critic of the Jansen project for years, as it believes developing it would cause an unwelcome oversupply. But Nutrien’s tone has changed since Mayo Schmidt took the helm of the company earlier this year, replacing Chuck Magro. On June 22, however, Reuters reported a Nutrien executive as saying a potash collaboration was “not our focus.”

Located in the province of Saskatchewan, 140 km east of Saskatoon, the mine is expected to give BHP exposure to a market driven by rising global food demand and represents one of its few major growth prospects.

Jansen is slated to produce 8 million tonnes of potash annually, or nearly 15% of the world’s total, over an estimated 70-year mine life. TNM

Tin price on a tear as demand soars TIN

D

| Record highs set in first half of 2021

BY HENRY LAZENBY

emand for tin used in electronics soared to record highs in the first half of 2021, outpacing supply and underpinning a more than 52% price rally on the London Metals Exchange in the past six months, new analysis by IndexBox, Inc. shows.

A deficit in shipping containers caused delays in deliveries from Southeast Asia and Latin America while the pandemic spurred a decline in unrefined tin exports from Indonesia.

Both of these factors led to a shortage of tin on the global market. As a result, in just six months, prices for the metal grew 1.5 times on the London exchange from US$20,540 per tonne in December 2020 to US$31,264 per tonne in June.

IndexBox analysts expect high prices for tin could incentivize mining activity to ramp up and gradually balance out supply and demand on the market. According to the World Bank, the average yearly price for tin

in 2022 will decrease to US$23,000 per tonne and stabilize in the midterm.

In 2020, tin production decreased by 6.4% to 359,000 tonnes, falling for the third year in a row after two years of growth. In value terms, tin production reduced to US$5.2 billion in 2020 estimated in export prices.

China continues to dominate production, accounting for 168,000 tonnes, or about 47% of total volume.

All producing countries, except Russia, Congo and Nigeria, experienced a significant contraction in mining last year. In Indonesia, tin ore production fell by 15% year-on-year, in China by 4%, in Myanmar by 21% and in Peru by 9%.

In value terms, the United States (US$540 million), Singapore (US$374 million) and Malaysia (US$368 million) were the countries with the highest levels of imports in 2020, with a combined 36% share of global imports.

In 2020, the average tin import price amounted to US$18,195 per tonne, about 9.7% less than the previous year. TNM

www.northernminer.com

SPECIAL FOCUS

CANADA’S

TOP TEN Top Ten Canadian Miners BEST OF THE BEST

| Standing tall in the global market

BY NORTHERN MINER STAFF

Canada is considered one of the world’s premier mining jurisdictions thanks to its refined financial services industry, skilled workforce and robust regulatory environment. The Toronto Stock Exchange is the world’s leading public platform for mining companies to raise the capital required to conduct their mineral exploration, mine development and mining operations. The following companies are the top ten Canadianheadquartered mining companies, ranked according to market capitalization as of June 3, and compiled by MiningIntelligence.

1. BARRICK GOLD Market cap: $51.74 billion (US$42.89 billion) Barrick Gold (TSX: ABX; NYSE: GOLD) has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia.

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

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

Last year, Barrick’s 61.5% share in Carlin attributed 1.02 million oz.

gold to the company’s production profile. Cortez (61.5%) contributed 491,000 oz.; Loulo-Gounkoto (80%), 544,000 oz.; Kibali (45%) 364,000 oz.; Pueblo Viejo (60%), 542,000 oz.; and Turquoise Ridge (61.5%) 330,000 ounces.

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

by Barrick).

In September last year, it bought out the minority shareholders in Acacia Mining and took over its Tanzanian assets.

Barrick’s Toronto-quoted equity has lost about 26% in the past 12 months. The board has tripled the dividend since the fall of 2018 and is giving investors a bonus payment of US$0.42 per share in 2021. Barrick Gold finished 2020 with zero net debt.

Barrick expects 2021 gold production to be in the range of 4.4 to 4.7

Barrick employees pose for a group picture.

BARRICK GOLD

million ounces.

The company’s gold production in the second half will be higher than the first owing to mine sequencing at Nevada Gold Mines, commissioning of the Phase 6 leach pad at Veladero by month-end, as well as Bulyanhulu operations ramping up.

Buzwagi remains on track to enter closure starting from the third quarter.

Barrick’s guidance continues to exclude Porgera, which in 2019 produced 284,000 oz gold. On April 9, the Papua New Guinea government and Barrick Niugini Limited, the 95% owner and operator of the Porgera joint venture, agreed on a partnership for the future ownership and operation of the Porgera mine.

Porgera has been on care and maintenance since April 2020, when

the government declined to renew its special mining lease Total attributable group gold resources increased in 2020, net of depletion and excluding the impact of selling Massawa. Including reserves and reported at a gold price of US$1,500 per oz., attributable measured and indicated resources stood at 3.3 billion tonnes, grading 1.52 grams gold per tonne for 160 million ounces. It has a further 980 million tonnes at 1.4 grams gold per tonne for 43 million oz. inferred.

2. NUTRIEN Market cap: $43.16 billion (US$35.78 billion) Nutrien (TSX: NTR; NYSE: NTR) was formed in a 2018 merger between Potash Corp. of Saskatchewan — the

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

$US 93M* NO DEBT Mill Commissioning Q4 2021 Significant Exploration Upside High Margin / AISC $5.02/oz Ag *as of March 31, 2021.

world’s largest potash producer — and Agrium, a retail supplier of agricultural products and services.

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

Nutrien has announced it will increase potash production by 500,000 tonnes this year on the back of newly imposed trade sanctions on Belarus. The boost, which will bring total annual sales volumes to 13.8 million tonnes, comes on top of the half million-tonne output increase the world’s biggest fertilizer company announced on June 7.

Potash prices have risen this year on tightening supply and growing demand, as increasing crop prices are spurring farmers to use more fertilizer to maximize yields.

Nutrien’s integrated business model provides a diversified earnings base, underpinned by stable growth in Nutrien Ag Solutions and earnings torque from potash, nitrogen and phosphate. This integrated model generates strong free cash flow and facilitates efficient capital allocation to grow its business while maintaining a solid balance sheet.

Nutrien generated US$1.8 billion in free cash flow in 2020.

The board has approved an increase in the quarterly dividend to US$0.46 per share, the third dividend increase in three years with an annualized payout at US$1.84 per share.

3. AGNICO EAGLE MINES Market cap: $21.06 billion (US$17.46 billion) Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has declared a cash dividend every year since 1983. It has mines in Canada, Finland and Mexico and in 2019 brought two new mines into production in the Canadian Arctic.

The company has two producing See TOP 10 / 10

GLOBAL MINING NEWS

SPECIAL FOCUS CANADA’S TOP TEN

THE NORTHERN MINER / JULY 5–18, 2021

Detour Lake Mine

Kirkland Lake Gold Ltd. is a senior gold producer with target production for 2021 of 1,300,000 – 1,400,000 ounces. Our production profile is anchored by three high-quality operations in two low-risk mining jurisdictions; the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, Canada and the Fosterville Mine located in the State of Victoria, Australia. All three mines combine free cash flow generating operations, substantial in-mine growth potential and attractive regional exploration upside to drive continued growth well into the future.

At our Detour Lake Mine operations, we recently issued a new technical report that outlines a much improved and very attractive operation, one that continues to achieve considerable exploration success. Detour Lake has the potential to become one of the world’s largest and most profitable gold mines. At Macassa, the completion of the #4 Shaft will effectively create a new mine resulting in higher production, lower costs, and very attractive exploration upside.

In Australia, Fosterville had an excellent first quarter and we are advancing our most extensive exploration program ever, aimed at adding significant new Mineral Reserves and increasing mine life at what remains one of the world’s lowestcost gold mines.

Our strong Environment, Social and Governance (ESG) performance is based on assessing risks, minimizing negative impacts, while providing meaningful opportunities for local employment and ensuring that the communities in which we operate benefit from our presence. We recently released our 2021 Sustainability Report and we pledged to achieve net-zero emissions by 2050 or earlier. We are well positioned to achieve this goal, already being an industry leader in reducing and minimizing greenhouse gas emissions. As we build towards the future, KL Gold is committed to investing $75M per year for five years with a focus on advancing the use of alternative fuels and energies, building the mines of the future and investing in local communities.

Going for Gold Responsibly

New Shaft 4 at Macassa Mine

Loading Truck

Water Sampling at Macassa

TSX: NYSE: ASX:

KL KL KLA

9

10

SPECIAL FOCUS CANADA’S TOP TEN

JULY 5–18, 2021 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

TOP 10 From 8

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

As of December 31, Agnico Eagle had more than 24 million oz. gold in 347.77 million tonnes grading 2.15 grams per tonne in proven and probable reserves — one of the highest mineral reserve grades among its North American peers. The company’s goal is to maintain its global reserves at about ten times its annual gold production rate.

Payable gold output totalled 1.74 million oz. gold (including 36,416 oz. of pre-commercial gold production from the IVR pit at Amaruq, the Tiriganiaq open pit at Meliadine, and the Barnat pit at Canadian Malartic).

In 2021, payable gold production is expected to be about 2.05 million ounces. The guidance does not include production from the newly acquired Hope Bay gold project in Nunavut.

4. FIRST QUANTUM MINERALS Market cap: $20.39 billion (US$16.9 billion) First Quantum Minerals (TSX: FM) is an international mining company that has grown through a combination of exploring, developing, operating, and acquiring mining projects or companies with interests in mining activities. The company produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid and pyrite.

The company has grown from an initial operation reprocessing tailings facilities in Zambia to the recently completed multibillion-dollar Cobre Panama operation.

For the full year 2020, the company reported a comparative loss of $46 million ($0.07 per share) despite

How focused are your reviews?

The Allan potash mine south of Saskatoon, Saskatchewan.

achieving its highest-ever annual copper output at 778,911 tonnes, up 11% year-on-year.

Last year, Sentinel in Zambia performed exceptionally well and was a significant contributor to that record production. Cobre Panama, in Panama, experienced a period of preservation and safe maintenance related to the coronavirus but still performed well, ramping back up to full production in early August.

First Quantum expects its 2021 copper production to grow to more than 785,000 tonnes, increasing to 805,000 to 860,000 tonnes in 2022 and 820,000 to 880,000 tonnes in 2023.

First Quantum has significant nickel resources that complement its world-class copper operations, underpinned by Ravensthorpe and the Enterprise nickel project in Zambia. Enterprise is a 100% owned, largely constructed, high-grade nickel sulphide project located 15 km from the company’s Sentinel mine. The four million tonne per year process plant at Enterprise was completed in 2016 and was temporarily used to process copper ore during the commissioning of Sen-

NUTRIEN

tinel. Enterprise is expected to produce an average of 28,000 tonnes of nickel concentrate per year over an estimated 11-year mine life.

The company anticipates that Enterprise’s high-grade concentrate will be suitable to feed into the battery metals supply chain. Dewatering and preliminary pre-strip works will commence at Enterprise in 2021, anticipating the company making a final decision to proceed with the project later this year.

5. TECK RESOURCES Market cap: $15.9 billion (US$13.2 billion) Teck Resources (TSX: TECK.B; NYSE: TECK) is focused on steelmaking coal, copper, zinc and energy and owns or has interests in 11 operating mines, a large metallurgical complex and several major development projects in the Americas.

It is the world’s second-largest seaborne exporter of steelmaking coal, with five operations in Western Canada. It is a significant copper producer in the Americas, with four operating mines in Canada, Chile and Peru and copper development projects in North and South America.

Teck is also one of the world’s largest producers of mined zinc, with two operating mines in the U.S. and Peru, and owns one of the world’s most significant fully integrated zinc and lead smelting and refining facilities in Canada.

In addition, the company has an interest in the Fort Hills oil sands mine in Alberta.

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

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

Last year, the Vancouver-headquartered company posted revenues of $8.95 billion and cash flow from operations of $1.56 billion. Adjusted EBITDA came in at $2.57 billion, with adjusted profit attributable to shareholders of $561 million.

Teck’s liquidity stood at $6.5 billion as of February 17.

The company expects to produce 275,000 to 290,000 tonnes copper in 2021, 585,000 to 610,000 tonnes zinc, 300,000 to 310,000 tonnes refined

Advancing Cordero, one of the world’s largest undeveloped silver deposits One of the few silver projects globally offering margin, size & scaleability

.com

Due diligence

100%-owned & located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico Industry-leading balance sheet – $85 million cash available for aggressive exploration, resource expansion & future development

www.discoverysilver.com TSX-V: DSV | OTCQX: DSVSF

zinc and 25.5 million to 26.5 million tonnes coking coal.

6. KIRKLAND LAKE GOLD Market cap: $14.09 billion (US$11.68 billion) Kirkland Lake Gold (TSX: KL; NYSE: KL) operates two of the highest-grade gold mines in the world, the Macassa mine in Ontario, Canada, and its Fosterville mine in the state of Victoria, Australia. It also produces gold at its Holt complex — a trio of mines (Holt, Taylor and Holloway) in Ontario.

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

All three of the company’s primary mines — Macassa, Fosterville and Detour — feature free-cash-flow generating operations, in-mine growth potential and regional exploration upside.

Kirkland Lake expects its Detour Lake open pit mine in northern Ontario to reach a gold output rate of 900,000 oz. a year by 2032, based on its latest life-of-mine plan for the asset.

Total gold production in 2020 was 1.37 million oz., with Fosterville besting its 2020 production guidance of 590,000 to 610,000 oz., while output from both Detour Lake and Macassa came in slightly below their respective forecasts for 520,000 to 540,000 oz. and 210,000 to 220,000 ounces.

The company also forecasts average gold production of 680,000 to 720,000 oz. a year between 2021 and 2024, increasing to 800,000 oz. in 2025.

Kirkland Lake also entered a strategic partnership with Orefinders Resources (ORX: TSXV) and Mistango River Resources (CSE: MIS), allowing the two Canadian juniors to unlock their full potential exploration-stage assets.

Under earn-in option agreements, Kirkland Lake Gold will have the option to acquire up to an undivided 50% interest in Orefinder’s Mirado, McGarry, and Knight and Mistango’s Kirkland West and Omega projects over five years, and is contingent on Kirkland Lake spending a total of $20 million in the ground.

During this period, Orefinders and Mistango will continue to operate their respective projects.

7. KINROSS GOLD Market cap: $12.38 billion (US$ 8.87 billion) Kinross Gold’s (TSX: K; NYSE: KGC) mines in the Americas, Russia and West Africa delivered 2.37 million gold-equivalent oz. at a proSee TOP 10 / 11

SPECIAL FOCUS CANADA’S TOP TEN

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

11

cipline and suspension of McArthur River/Key Lake has seen the removal of 18 billion lb. per year of U3O8 from the market. Due to the uncertainty surrounding Covid-19, the company said it would not be in a position to provide an outlook for 2021 until the rate at which it will be able to sustainably operate the Cigar Lake mine is known.

In February, the Supreme Court of Canada dismissed Canada Revenue Agency’s request to appeal a June 2020 decision on a tax dispute involving the company, which Cameco said would “fully and finally” resolve the 2003, 2005 and 2006 tax years in its favour.

The maintenance garage at the Amruq deposit in Nunavut.

TOP 10 From 10

duction cost of sales of US$723 per gold-equivalent oz. last year, generating over US$1.2 billion in adjusted operating cash flow. It ended 2020 with total liquidity of more than US$2.8 billion.

The company has mines in the Americas: Fort Knox (U.S.); Round Mountain (U.S.); Bald Mountain (U.S.); and Paracatu (Brazil). It has two operating mines in West Africa: Tasiast in Mauritania and Chirano in Ghana, and two mines in Russia: Kupol and Dvoinoye.

Its three largest mines — Paracatu (Brazil), Kupol (Russia) and Tasiast (Mauritania) — produced 62% of the company’s total ounces and were the lowest-cost mines in the portfolio in 2020.

Kinross also added last year 5.7 million oz. to its reserve estimates after depletion as a result of successful exploration and mine optimization programs. Kinross made good progress at its development projects, including Tasiast 24k and La Coipa, and added to its portfolio to acquire the Chulbatkan and Peak projects.

Construction at the Fort Knox Gilmore project was completed on time and under budget, and the company continued to advance Udinsk and Lobo-Marte.

Kinross expects production in 2021 of 2.4 million gold-equivalent oz., in line with 2020 production. In 2022 and 2023, annual production is expected to increase to about 2.7 million gold-equivalent oz. and 2.9 million gold-equivalent oz., respectively. Kinross expects to produce an average of 2.5 million oz. annually to 2029.

8. IVANHOE MINES Market cap: $10.61 billion (US$8.8 billion) Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has a portfolio of Tier 1 copper, zinc and platinum group metals projects in sub-Saharan Africa.

Most recently, on May 26 and months ahead of schedule, it began producing copper concentrate at its Kamoa-Kakula project in the Democratic Republic of Congo (DRC) as the metal continues to trade close to all-time highs. It was the biggest new mine to do so since Escondida in Chile in November 1990.

The Kamoa-Kakula project is independently ranked as the world’s fourth-largest copper deposit by international mining consultant Wood Mackenzie. Kamoa-Kakula is a strategic partnership between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government (20%).

Kamoa-Kakula is being developed in five phases of 3.8 million tonnes (phase two has been brought forward to the third quarter of 2022) for a total ore processing capacity of 19 million tonnes per year.

AGNICO EAGLE MINES

Grade at Kamoa-Kakula declines steadily over the five phases as per the preliminary economic assessment, averaging between 3%-4% during the second half of its 47-year mine life. Still, even then, Kamoa-Kakula would be by far the richest copper mine of any size on the planet.

Ivanhoe’s DRC exploration group targets Kamoa-Kakula-style copper mineralization through a regional exploration and drilling program on its 90%- and 100%-owned Western Foreland exploration licences, close to the Kamoa-Kakula project, which appear to host even higher copper grades.

The Kipushi zinc-copper-germanium-silver mine, also in the DRC, is based on the high-grade, underground zinc-copper mine in the Central African Copperbelt, which mined about 60 million tonnes grading 11% zinc and 7% copper between 1924 and 1993.

On July 30, 2018, Ivanhoe announced a new resource estimate for Kipushi that increased zinc-rich measured and indicated resources by 16%, from 10.2 million tonnes to 11.8 million tonnes.

The new estimate also increased Kipushi’s zinc grade from 34.89% to 35.34%, in 40% more tonnes from 1.6 million tonnes to 2.3 million tonnes, with a slight increase in the copper grade from 4.01% to 4.03%.

The updated resource estimate will be used to underpin a definitive feasibility study for Kipushi, which will update and refine the findings of a preliminary feasibility study issued in December 2017.

In addition, Ivanhoe Mines indirectly owns 64% of the Platreef project through its subsidiary, Ivanplats, and is directing all mine development work.

The Platreef 2020 feasibility study updated feasibility results announced in July 2017. The Platreef 2020 feasibility study evaluated the development of a 4.4 million tonne per annum underground mine with two concentrators built in modules of 2.2 million tonnes per year.

Platreef ’s current indicated resources are 346 million tonnes grading 3.77 grams per tonne 3PE+gold (1.68 grams per tonne platinum, 1.70 grams per tonne palladium, 0.11 gram per tonne rhodium, 0.28 gram per tonne gold), 0.32% nickel and 0.16% copper at a 2.0 grams per tonne 3PE+gold cut-off grade. These resources contain an estimated 26.8 million oz. of palladium, 25.6 million oz. of platinum, 4.5 million oz. of gold, and 1.8 million oz. of rhodium, plus 4.1 billion lb. nickel and 2.1 billion lb. of copper, at a cut-off grade of 1 gram per tonne.

9. CAMECO Market cap: $10 billion (US$8.3 billion) Cameco’s (TSX: CCO; NYSE: CCJ) operations and investments span the nuclear fuel cycle, from explo-

Pouring gold bars at Kinross Gold’s Fort Knox project in Alaska. KINROSS GOLD

ration to fuel manufacturing. The company is one of the world’s largest uranium producers with assets on three continents.

It sells uranium and fuel services to nuclear utilities in 12 countries, with sales commitments to supply about 113 million lb. U3O8 and over 53 million kilograms of UF6 conversion services.

Its uranium operations include Cigar Lake, McArthur River/Key Lake and Rabbit Lake in northern Saskatchewan; Inkai in Kazakhstan; and Smith Ranch-Highland in Wyoming and Crow Butte in Nebraska.

The company’s advanced projects include Millennium in northern Saskatchewan and Kintyre and Yeelirrie in Western Australia.

In its fuel services division, Cam-

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

Last year, with many of its uranium mine operations on care and maintenance, it produced five million lb. U3O8 and generated $57 million in cash from operations. The declining figures reflect continued market weakness, resulting in a net loss attributable to shareholders of $53 million for the year.

Cameco’s ongoing market dis-

10. LUNDIN MINING Market cap: $9.48 billion (US$7.86 billion) Lundin Mining is a diversified base metals company. The company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo. Its business segments include Candeleria, Chapada, Eagle, Neves-Corvo, Zinkgruvan, and Tenke Fungurume, among others.

The company’s geographical segments include Europe, Asia, South America and North America, where it is engaged in producing copper, nickel and zinc. Its operating assets include the Eagle mine located in the United States, the Neves-Corvo mine located in Portugal and the Zinkgruvan mine located in Sweden. It also owns the Candelaria and Ojos del Salado mining complex (Candelaria) located in Chile.

It is engaged in drilling on the Elida porphyry project.

The company said that despite pandemic-related hiccups, it is on track to achieve its 2021 production goal of 380,000 to 420,000 oz. of gold.

Lundin recently increased Fruta del Norte’s reserves by 8% to 5.41 million ounces, due to changes in the planned mining method. Based on the new figures, it now expects to produce almost 4.8 million ounces of gold at Fruta del Norte over a 14-year mine life. TNM

12

JULY 5–18, 2021 / THE NORTHERN MINER

SPECIAL FOCUS CANADA’S TOP TEN

WWW.NORTHERNMINER.COM

Canada’s Top Ten precious metal juniors GOLD AND SILVER

| High prices create buzz for junior explorers

BY NORTHERN MINER STAFF

With precious metals commanding higher prices, juniors advancing projects with gold and silver deposits are coming into the spotlight. The following companies are the top ten Canadianheadquartered precious metal juniors that are developing projects but are not yet in production, ranked according to market capitalization as of June 3 and compiled by MiningIntelligence.

Royalty and streaming companies are not included in this list.

1. NOVAGOLD RESOURCES Market cap: $4.1 billion (US$3.4 billion) NovaGold Resources (TSX: NG; NYSE-AM: NG) is a pure gold play focused on Alaska’s Donlin gold project in Alaska. NovaGold owns 50% of the joint-venture project and Barrick Gold (TSX: ABX; NYSE: GOLD) owns the other 50%.

The project, one of the highest grade known open-pit gold deposits in the world, currently has a measured and indicated resource of 541 million tonnes grading 2.24 grams gold per tonne for 39 million oz. of contained gold. Inferred resources stand at 92 million tonnes grading 2.02 grams gold per tonne for 6 million ounces.

The resources are contained in the ACMA and Lewis pits, which occupy only 3 km of an 8-km-long mineralized belt, which itself is located on less than 5% of Donlin Gold’s land position, and the company believes there is future exploration potential to expand the resource along strike and at depth. Last year the joint-venture completed an 85-hole, 23,361-metre drill program, the largest since 2008.

Highlights included 51.15 metres grading 4.6 grams gold per tonne starting at 149 metres downhole; 47.66 metres grading 4.8 grams gold from a depth of 182 metres; and 22.61 metres of 8.7 grams gold from 162 metres.

As of May 12, NovaGold had $114 million in cash and term deposits, with notes receivable of $100 million, and no short-term debt. The ten largest shareholders represent 63.8% of NovaGold’s issued and outstanding

shares, and include Electrum Strategic Resources LP & Affiliates (25.5%); Fidelity Management & Research Company (7.5%); Paulson & Co. Inc. (6.7%); BlackRock Institutional Trust & Affiliates (6.4%); and Saudi Public Investment Fund (4.9%).

2. NEW FOUND GOLD Market cap: $1.9 billion (US$1.6 billion) New Found Gold (TSXV: NFG; USOTC: NFGFF) is new to the top ten list this year. The junior is advancing its 100%-owned Queensway gold project, 15 km west of Gander, Newfoundland. The 1,500 sq. km project is near the Trans-Canada Highway and New Found Gold has ten drills turning there in a 200,000-metre drill campaign focused on a 7.8 km corridor along the Appleton fault and a 12.4 km corridor along the JBP fault.

The project is divided by Gander Lake into Queensway North and Queensway South. Queensway North, the more advanced of the two, has high-grade gold targets along the Appleton and JBP faults, including the Keats zone, which the company discovered in November 2019 when its drillers intersected 19 metres grading 92.9 grams gold per tonne at a depth of 75 metres.

The company identified a second gold zone at Queensway North in October 2020 called Lotto, about 2 km north of Keats. The Lotto discovery hole intersected 4.75 metres of 41.2 grams gold from 35.3 metres downhole, including 5.15 metres of 25.4 grams gold. Last month the com-

AT THE CENTER OF THE NEWFOUNDLAND GOLD RUSH 200,000M DRILL CAMPAIGN UNDERWAY

• Initial discovery hole returned 19m of 92.9 g/t at the Keats Zone • Keats now drill-defined 465m down plunge, recent interval 146.2 g/t over 25.6m • New Lotto discovery 2 km North of Keats returned 150.3 g/t over 11.5m • Multiple additional high-grade targets being drilled • Approximately $82 million in working capital

newfoundgold.ca

TSX -V: NFG | US-OTC: NFGFF

The mining camp at the Donlin project.

NOVA GOLD

pany drilled about 60 metres below the Lotto discovery hole and intersected 224.7 grams gold over 2.45 metres starting 118 metres downhole.

Drill results released in mid-March from Keats included 13.7 metres grading 61.8 grams gold from 211.15 metres downhole, including a onemetre intercept of 565 grams gold.

Queensway lies along what’s called the Dog Bay Line (DBL), a continental scale zone resulting from the ancient collision of the European and North American tectonic plates, which the company says created the “plumbing” that enabled gold-rich magmatic fluids to travel from deep in the earth’s crust to surface and deposit high-grade gold in multiple directions along tens of kilometres of strike on these fault structures.

3. SEABRIDGE GOLD Market cap: $1.7 billion (US$1.4 billion) Seabridge Gold (TSX: SEA; NYSE: SEA) is focused on projects in North America and among its 100%-owned assets are KSM, Courageous Lake, Iskut, Snowfield and 3 Aces in Canada, and Snowstorm in the United States.

According to a corporate presentation in June, Seabridge ranks first based on gold reserves and resources per share among North American listed gold companies, and holds the same ranking based on copper reserves and resources per share among major listed copper and gold companies.

Its Kerr-Sulphurets-Mitchell project (KSM) is in British Columbia and Seabridge says it is the “world’s largest undeveloped gold/copper project” with proven and probable reserves of 38.8 million oz. gold and 10.2 billion lb. copper. A 2016 prefeasibility study outlined a 53-year mine plan with all-in sustaining costs, inclusive of capital, of US$673 per ounce. About 20 km by air to the east is its 294-sqkm Iskut project, where the company is testing for a gold-copper porphyry similar to those discovered at KSM. Courageous Lake, about 240 km northeast of Yellowknife in the Northwest Territories, is one of Canada’s largest undeveloped projects with reserves of 6.5 million oz. of gold in the open-pit FAT deposit.

The 503-sq-km project covers 85% of the 53-km-long Mathews Lake Greenstone Belt, which hosted two historic gold mines.

Last year Seabridge acquired from Golden Predator Mining the 3 Aces gold project in southeastern Yukon from. Three Aces is a district-scale,

orogenic gold project with highgrade showings over the entire 35 km length of the property. Seabridge also acquired the Snowfield property last year from Pretium Resources. Snowfield is adjacent to KSM’s Mitchell deposit and work has started on an updated PFS to incorporate Snowfield into KSM’s mine plan.

In the U.S., its 100%-owned, 103sq-km Snowstorm project is situated at the intersection of three major Nevada gold belts (Getchell, Carlin and the Northern Nevada Rift zone) and is contiguous and on strike with several large gold mines (6 km north of Nevada Gold Mines’ Twin Creeks mine and 15 km northwest of the Turquoise Ridge mine).

4. SILVERCREST METALS Market cap: $1.2 billion (US$1.0 billion) SilverCrest Metals (TSX: SIL; NYSEAM: SILV) is focused on its Las Chispas silver-gold project in Mexico’s Sonora state, about 180 km northeast of Hermosillo.

The company approved construction of the project in February when it released the results of a feasibility study, which outlined an underground mine with a mine life of 8.5 years at a nameplate capacity of 1,250 tonnes per day. Las Chispas would produce an average of 5.2 million oz. of silver and 56,000 oz. gold a year (10 million oz. of silver-equivalent) over its mine life and an average of 12.4 million silver-equivalent oz. a year between 2023 and 2029.

The study estimated all-in sustaining costs will average US$7.07 per oz. of silver-equivalent over the life of the mine (life of mine operating costs of US$118.5 per tonne milled).

Initial capital costs are forecast to run to US$137.7 million. The study estimated an after-tax net present value using a 5% discount rate of US$486.3 million and internal rate of return of 52%, based on metal prices of US$19 per oz. silver and US$1,500 per oz. gold.

Underground development and mining are expected to ramp up through 2022 and 2023 and net free cash flow is expected to start in 2023.

The 1,400-hectare property consists of 28 concessions. Currently only 21 of 45 known veins have been put towards the company’s proven and probable reserve estimate, which stands at 3.4 million tonnes grading 461 grams silver per tonne and 4.81 grams gold per tonne (879 grams silver-equivalent per tonne) for a total of 94.7 million silver-equivalent ounces.

Among SilverCrest’s other projects are El Picacho, 85 km northeast of Las Chispas, and Cruz de Mayo, 163 km northeast of Hermosillo.

Initial drill results from El Picacho released in February included 7.25 metres grading 40.49 grams gold per tonne and 260.4 grams silver per tonne (3,297 grams silver-equivalent) from 162 metres downhole and 16.4 metres grading 8.50 grams gold and 51.3 grams silver, (689 grams silverequivalent), from 121 metres.

5. OSISKO MINING Market cap: $1.2 billion (US$1.0 billion) Osisko Mining’s (TSX: OSK) flagship asset is its 100%-owned Windfall property, one of the highest-grade resource-stage gold projects in Canada, located between Val-d’Or and Chibougamau in the Abitibi greenstone belt, about 700 km northwest of Montreal and 200 km northeast of Val-d’Or, in Quebec.

A preliminary economic assessment update released in April, envisioned an underground dual rampaccess mine with an 18-year mine life producing an average of 238,000 oz. gold a year (300,000 oz. per year in the first seven years of full production with peak recovery in year six of 328,000 oz.). The study assumed a 3,100 tonne-per-day milling operation, all-in sustaining costs of US$610 per oz., and capital expenditure of $544 million (including power line construction and a $55 million contingency). The PEA estimated an after-tax net present value of $1.5 billion, after-tax internal rate of return of 39.3%, and after-tax payback period of 2.2 years. In the first seven years of production, Windfall would generate average annual aftertax free cash flow of $253 million, and a cumulative life-of-mine after-tax free cash flow of $2.6 billion. The project is expected to generate more than $8.2 billion in gross revenue and $1.7 billion in taxes.

Currently Windfall has measured and indicated resources of 6.02 million tonnes grading 9.6 grams gold per tonne and 5.9 grams silver per tonne for 1.86 million oz. of gold and 1.15 million oz. of silver. Inferred resources stand at 16.40 million tonnes grading 8 grams gold per tonne and 2.7 grams silver per tonne for 4.24 million oz. of gold and 1.45 million oz. of silver. The resource used a cut-off grade of 3.50 grams gold per tonne.

Osisko is now working on a See PRECIOUS METALS / 14

GLOBAL MINING NEWS

SPECIAL FOCUS CANADA’S TOP TEN

THE NORTHERN MINER / JULY 5–18, 2021

TSXV: VZLA OTCQB: VIZSF

www.vizslaresources.com

Unlocking success with

Vizsla Silver Corp Vizsla is on a prosperous path to silver production

Vizsla Silver Corp (TSXV: VZLA OTCQB: VIZSF), a leading mining and mineral exploration company, has consolidated one of the world’s highest-grade silver districts in North America and is one of Mexico’s most aggressive junior explorers.

• The district-scale Panuco silvergold epithermal vein project is the consolidation of mining concessions totalling 9,386.5 hectares in a producing mining camp outside of Concordia, Sinaloa.

• This is the first time the entire district is being explored as a consolidated region. It has not seen modern exploration except for drilling completed between 2006 to 2008 on a portion of the district.

• The property contains many quartzcarbonate veins with workings defining both steeply plunging and subhorizontal ore shoots.

• Situated off a major highway in the Sierra Madre epithermal belt, 80 km from First Majestic’s San Dimas mine.

• This is the first time the entire district will be consolidated, and it has seen only sparse past exploration.

• The district-scale camp has substantial infrastructure, including roads, permits, power and a skilled workforce in neighbouring towns.

13

14

JULY 5–18, 2021 / THE NORTHERN MINER

SPECIAL FOCUS CANADA’S TOP TEN

PRECIOUS METALS From 12

resource update and a feasibility study.

Mineralization occurs in three principal zones: Lynx, Main and Underdog, and is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres including the Triple 8 (T8) zone, and the deposit remains open along strike and at depth. The company notes that mineralization has been identified at surface in some parts and as deep as 2,625 metres in others.

In mid-June, Osisko announced a significant new high-grade gold discovery (Golden Bear) less than 1 km north of Windfall and located along a sub-parallel splay of the Windfall Bank Fault. The discovery hole intersected 6.7 metres grading 27.4 grams gold per tonne (uncut) starting from 503 metres downhole, including 2.7 metres of 63.6 grams gold per tonne (uncut).

In addition to Windfall and also in the Eeyou-Itschee James Bay region of Quebec, Osisko Mining holds the 1,000 sq. km Urban Barry properties, which have the same geological setting and rock age as Windfall; and the Quevillon property, located at the boundary between Eeyou Istchee James Bay territory and the Abitibi-Temiscamingue administrative region.

6. GREAT BEAR RESOURCES Market cap: $924 million (US$765 million) Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) is focused on northwestern Ontario’s Red Lake district and its flagship asset is its 100%-owned Dixie project, 25 km southeast of the town of Red Lake.

The project is made up of 9,140 hectares of contiguous claims extending over 22 km, and is accessible yearround via a paved highway.

Dixie hosts two principal styles of mineralization: high-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow) and high-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault). Great Bear describes the LP Fault as a “significant gold-hosting structure which has been seismically imaged to extend to 14 km depth.”

In April, the junior added a sixth drill rig at Dixie, after expanding its 2021 drill program in March from a budget of $25 million to $45 million.

The company plans to complete at least 200 drill holes at Dixie this year (for a total of 600 at the project so far), and drill about 175,000 metres (for a total of 400,000 metres). About 80% of its drill program planned for this year is targeting the LP Fault and the remaining 15% the Hinge and Dixie Limb zones.

At the end of March Great Bear

Underground at Osisko Mining’s Windfall property in Quebec.

announced that deep drilling had doubled the vertical extent of the LP Fault gold zone, which begins at bedrock surface, to about 800 vertical metres. Drilling intersected 15.57 grams gold per tonne over 3.05 metres at 942 metres downhole, within a broader interval of 1.08 grams gold over 70.25 metres from 906.12 metres.

Other drill results released this year included: 400 grams gold over 0.50 metres from 176 metres downhole; 29.17 grams gold over 15.50 metres from 41.8 metres; and 18.08 grams gold over 15.80 metres from 23.85 metres (bedrock surface).

Great Bear controls over 330 sq. km in the Red Lake gold district, and is earning 100% interests in four other projects: Pakwash, Dedee, Sobel, and Red Lake North, all of which are accessible by existing roads year-round.

7. ARTEMIS GOLD Market cap: $831.4 million (US$688.1 million) Artemis Gold (TSXV: ARTG) is new to the top ten list this year, and is focused on advancing to construction its 100%-owned Blackwater gold project in central British Columbia, 160 km southwest of Prince George and 446 km northeast of Vancouver.

A prefeasibility study of the project released in August 2020 outlined a staged development starting with a $592 million, 5 million tonne-peryear open-pit mine producing an average of 248,000 oz. of gold per year for the first five years of a 23-year mine life. Phase two and phase three expansions to 12 million tonnes per year ($426 million expansion capital cost) then 20 million tonnes per year ($398 million) would follow, with production rising to 420,000 oz. per year for five years (years six to 10), then falling to 316,000 oz. annually for 13 years (years 11 to 23). All-in sustaining costs would be US$668 per oz. in phase one; US$696 million in phase two; and US$911 per oz. in phase three. The project has an after tax net present value, at a 5% discount rate, of $2.25 billion

OSISKO MINING

and a levered after-tax internal rate of return of 50%.

Blackwater has proven and probable reserves of 334 million tonnes grading 0.75 grams gold per tonne and 5.8 grams silver per tonne for 8 million oz. of contained gold and 62.1 million oz. of silver.

In March, Artemis awarded a $236 million EPC contract to Ausenco for the project, and in April it received a credit approved mandate letter and term sheet from Macquarie Bank and National Bank of Canada to arrange a $360 million project loan facility to fund some of the construction costs for Blackwater.

The company is planning to complete a definitive feasibility study on Blackwater this year.

Artemis acquired Blackwater from New Gold in August 2020. The junior was spun out of Atlantic Gold before it was acquired in 2019 by Australian miner St. Barbara.

8. DISCOVERY SILVER Market cap: $810 million (US$670.2 million) Discovery Silver (TSXV: DSV; USOTC: DSVSF) is also new to the top ten list this year and is focused on its flagship Cordero open-pit project in the northern part of the Central Mexican Silver Belt in Chihuahua state.

Discovery Silver, which changed its name from Discovery Metals in April, acquired Cordero in August 2019, and describes the project as a Tier 1 silver asset and “one of the world’s largest undeveloped silver resources.”

The company is planning to complete a revamped preliminary economic assessment in the fourth quarter of 2021 that will focus on mining high grade early in Cordero’s mine life. The PEA will be focused on a bulk-tonnage domain and will be supported by more than 350 drill holes and 180,000 metres of drilling, along with two programs of metallurgical work.

The company concluded the first phase drill program in April, and data from the 75,000 metres of new

drilling (178 holes) completed in this program, along with 133,000 metres of historic drilling (292 holes), will be used to update the resource in the third quarter of the year. The company has also completed 11,000 metres of drilling (31 holes) so far in its phase 2 drill program.

Drill results released in June from the first phase included 65.9 metres grading 69 grams silver per tonne, 0.11 gram gold per tonne, 0.7% lead and 3.7% zinc (258 grams silverequivalent) from 309.4 metres; 59.5 metres averaging 54 grams silver, 0.08 gram gold, 0.9% lead and 1.5% zinc (153 grams silver-equivalent) from 443.3 metres; and 82.3 metres grading 44 grams silver, 0.06 grams gold, 0.7% lead, and 1.5% zinc ( 136 grams silver-equivalent) from 268 metres.

At a 15 gram per tonne silverequivalent cut-off grade, the project currently hosts 990 million indicated tonnes grading 13 grams silver per tonne, 0.4% zinc, 0.2% lead and 0.04 gram gold per tonne (32 grams silverequivalent per tonne) and 282 million inferred tonnes grading 21 grams silver per tonne, 0.8% zinc, 0.3% lead and 0.04 gram gold per tonne (56 grams per tonne silver-equivalent).

An April 2018 updated preliminary economic study showed the project could support 29 years of open-pit production, which at 40,000 tonnes per day, would produce an average of 8 million oz. silver, 99 million lb. zinc in concentrate, 69 million lb. lead in concentrate, and 11,900 oz. gold, annually. Initial capital costs were pegged at $570 million and sustaining capital at $271 million.

9. MARATHON GOLD Market cap: $665 million (US$550.3 million) Marathon Gold (TSX: MOZ) is new to the top ten list this year, and is advancing its 100%-owned Valentine open-pit gold project in the central region of Newfoundland and Labrador.

A feasibility study released in March outlined a mine life of 13 years producing an average of 173,000 oz. gold a year and $119 million of annual average free cash flow between 2024 and 2033 from the processing of high-grade mill feed, and 56,000 oz. gold a year and $31 million free cash flow annually between 2034 and 2036 from the processing of low-grade stockpiled ore.

Initial capital costs for the twopit and centralized mill operation were estimated at $305 million that could be paid back after-tax in just under two years. The study forecast life-of-mine cash costs of US$704 per oz. and all-in sustaining costs of US$833 per ounce. At a gold price of US$1,500 per oz., Valentine’s aftertax net present value at a 5% discount rate is estimated at $600 million and its after-tax internal rate of return at 31.5%. At US$1,750 per oz. gold, the NPV rises to $868 million and its IRR to 42.2%.

WWW.NORTHERNMINER.COM

The feasibility study contemplated open pit mining from the Marathon and Leprechaun deposits only, and excluded mineral resources contained within the Sprite or Victory deposits, or any potential resources from the Berry Zone. The study also envisioned ground-breaking for site construction in January 2022, followed by a 22-month construction period and first gold pour by October 2023.

The project has proven and probable reserves of 47.06 million tonnes grading 1.36 grams gold per tonne for 2.05 million oz. contained gold.

Measured and indicated resources, inclusive of reserves, stand at 56.66 million tonnes grading 1.72 grams gold per tonne for 3.14 million oz. gold. Inferred resources add 18.25 million tonnes at 1.70 grams gold per tonne for 1 million ounces.

10. SABINA GOLD & SILVER Market cap: $637 million (US$527 million) Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is advancing its 100%-owned Back River gold project in Nunavut, Canada.

In February, the company reported an updated feasibility study on the Goose project, the first planned mine on its Back River property. The study outlined production of about 223,000 oz. of gold a year over a 15 year mine life. In the first five years, production would average 287,000 oz. annually, with peak production of 312,000 oz. in year three. The mine would generate an after-tax net present value (at a 5% discount rate) of $1.1 billion and post-tax internal rate of return of about 28%. The study assumed a gold price of US$1,600 per oz. and was based on an initial processing rate of 3,000 tonnes per day, with an expansion to 4,000 tonnes per day at the end of year two. Cash costs are forecast to run to US$679 per oz. and all-in sustaining costs to US$775 per ounce. Initial capex is pegged at $610 million, with a payback of 2.3 years, and sustaining capital and closure costs are $419 million.

The project received its final major authorization in June 2020, and now has all major permits and authorizations for construction and operations.

As the company focuses on predevelopment work at Goose this year, it is also returning to its George property for the first time since 2013.

George is Back River’s second mostadvanced property, and sits about 50 km north of Goose. George currently has 1.2 million oz. gold at 5.34 grams gold per tonne in the indicated category and another 1.1 million oz. gold at 6.12 grams gold per tonne in the inferred category.

In addition to Back River, Sabina owns a silver royalty on Glencore’s Hackett River project. The royalty on silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter. TNM

SPECIAL FOCUS CANADA’S TOP TEN

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

15

Canada’s Top Ten royalty and streaming companies CASH FLOW

| Sector continues to grow portfolios around the world

BY NORTHERN MINER STAFF

Barrick Gold’s Veladero gold mine in Argentina, where Wheaton Precious Metals has a silver stream.

Royalty and streaming companies have grown in number and popularity over the years. Here are the top ten royalty and streaming companies headquartered in Canada ranked by market capitalisation as of June 3 and compiled by MiningIntelligence.

1. FRANCO-NEVADA Market cap: $34.39 billion (US$28.51 billion) Franco-Nevada (TSX: FNV; NYSE: FNV) retains its position this year as the number one royalty and streaming company by market capitalisation. The gold-focused company generates revenue from various types of agreements, ranging from net smelter return royalties, streams, net profits interests, net royalty interests, working interests and other types of arrangements.

The company has a large and diverse portfolio of assets, including royalties and streams from 58 gold and gold-equivalent producing mines, 55 energy producing assets, 42 advanced stage gold and gold-equivalent assets, 224 exploration stage gold and gold-equivalent assets, and 27 exploration stage energy assets.

Franco-Nevada is focused on royalties and streams on gold, silver, and platinum group metals (PGMs), which combined generate around 89% of its revenue, with other mining and oil and natural gas assets accounting for the remaining 11%.

The company’s core assets include a gold and silver stream from First Quantum Minerals’ (TSX: FM) Cobre Panama mine in Panama; a gold and silver stream from Lundin Mining’s (TSX: LUN) Candelaria mine in Chile; a silver stream from Teck Resources’ (TSX: TECK.B; NYSE: TCK) Antamina mine in Peru; and a gold and silver stream from Glencore’s (LSE: GLEN) Antapaccay mine in Peru.

In April, Franco-Nevada acquired

ANTONIO GRITTA,/WIKIMEDIA COMMONS CC 3.0

14.7% of Vale’s (NYSE: VALE) outstanding royalty debentures from the Brazilian Development Bank and the government of Brazil for US$538 million. The debentures provide holders with life of mine net sales royalties on Vale’s northern and southeastern iron ore systems. The royalty covers 15,600 sq. km of mineral properties held by Vale in Brazil.

Last year, Franco-Nevada generated record revenue of US$1.02 billion, 70% of which came from gold, 11% from silver, and 8% from PGMs. Its other mining assets made up 2% and its energy portfolio 9%.

2. WHEATON PRECIOUS METALS Market cap: $26.32 billion (US$21.82 billion) Wheaton Precious Metals (TSX: WPM; NYSE: WPM) retains its position this year as the second-largest precious metals streaming company by market capitalisation. The company has a highly diversified portfolio, with over 90% of its royalties and streams on assets in the Americas.

Wheaton has streaming agreements on 23 operating mines and eight in development, with around 33 years of mine life based on the assets’ proven and probable reserves.

Nearly three-quarters of its assets fall in the lowest cost quartile.

In May the company reported record first-quarter revenue of US$324.1 million, up 27.2% yearon-year. It also announced the first cobalt delivery from Vale ’s (NYSE: VALE) Voisey’s Bay mine in Newfoundland and Labrador, for which

it has a 42.4% cobalt stream, and the first silver from Capstone Mining’s (TSX: CS) Cozamin mine in Mexico, where it is entitled to receive 50% of the silver production until 10 million oz. have been delivered, thereafter dropping to 33% of silver production for the life of the mine.

In March, Wheaton also acquired a precious metals stream from Capstone’s Santo Domingo project in Chile.

Last year, Wheaton generated record revenue of US$1.1 billion, of which 60% came from gold, 36% from silver, and 4% from platinum group metal streams.

3. NOMAD ROYALTY Market cap: $5.94 billion (US$4.92 billion) Nomad Royalty (TSX: NSR; USOTC; NSRXF) joins the top ten list for the first time. The company holds

a portfolio of 14 royalty, stream, and gold loan assets, of which six are on producing mines. The company is focused on precious metals, with 80% of its cash flow generated from gold assets.

Nomads’ royalties include a 1% net smelter return (NSR) royalty on Equinox Gold’s (TSX: EQX; NYSE: EQX) Riacho dos Machados producing mine in Brazil, and a 2% NSR royalty from oxides and a 2% NSR royalty from sulphides on the Sucura zone at Lundin Mining’s (TSX: LUN) Chapada copper mine in Brazil. It also has royalties on advanced exploration stage projects, including a 1% NSR royalty on Troilus Gold’s (TSX: TLG; US-OTC; SKREF) Troilus gold project in Canada.

In May, the company acquired a 0.28% NSR royalty on the producing Caserones copper mine in Chile, operated by Minera Lumina Copper

Chile, which is indirectly owned by JX Nippon Mining and Metals.

Nomad’s major shareholders include Orion Mine Finance, which holds a 70.2% interest and Yamana Gold (TSX: YRI; NYSE: AU; LSE: AUY) with a 7.8% stake. Management and insiders hold 2.3%.

Last year Nomad generated revenue of US$26.8 million, of which 77% came from its gold assets and 23% from its silver assets.

4. OSISKO GOLD ROYALTIES Market cap: $2.94 billion (US$2.44 billion) Osisko Gold Royalties (TSX: OR; NYSE: OR) is focused on North America and has a portfolio of over 150 royalties, streams, and precious metal offtakes on 17 producing assets See ROYALTY AND STREAMING / 16

Developing the Valentine Gold Project

@MarathonGoldMOZ

info@marathon-gold.com TSX: MOZ / www.marathon-gold.com

16

JULY 5–18, 2021 / THE NORTHERN MINER

SPECIAL FOCUS CANADA’S TOP TEN

8. ALTIUS MINERALS Market cap: $764.85 million (US$633.99 million) Altius Minerals (TSX: ALS; USOTC: ATUSF) holds royalty interests on 13 producing assets throughout the Americas. In Canada, these assets include a 4% net smelter return (NSR) royalty on Hudbay Minerals’ (TSX: HBM; NYSE: HBM) 777 copperzinc mine in Manitoba, five potash mines owned by Nutrien (TSX: NTR, NYSE: NTR), and a number of coal mines in Western Canada, as well as a 0.3% NSR royalty on Vale’s (NYSE: VALE) Voisey’s Bay nickel-coppercobalt mine in Labrador.

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

Last year, Altius, through its majority-owned subsidiary Altius Renewable Royalties (TSX: ARR), formed a joint venture with Apollo Infrastructure Funds to accelerate the growth of its renewable energy royalty business.

ROYALTY AND STREAMING From 15

(primarily gold mines), 35 development stage projects, and 103 exploration stage projects.

The company’s flagship asset is a 5% net smelter return (NSR) royalty on the Canadian Malartic open-pit gold mine, Canada’s largest gold mine, located in Quebec. In February, the joint owners of the mine, Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM), approved the construction of the Odyssey underground mine project.

The project will extend the mine life of Canadian Malartic from 2028 to at least 2039.

Osisko also owns a royalty on Newmont’s (TSX: NGT; NYSE: NEM) Eleonore gold mine in James Bay, Quebec.

In addition to royalties, the company owns stakes in a number of mining companies, including Osisko Mining (TSX: OSK) and Falco Resources (TSXV: FPC).

In November, Osisko launched Osisko Development (TSXV: ODV), a North American gold company primarily focused on developing the Cariboo underground gold mine in B.C.’s historical Cariboo mining district.

5. LABRADOR IRON ORE ROYALTY Market cap: $2.93 billion (US$2.42 billion) Labrador Iron Ore Royalty (TSX: LIF; US-OTC: LIFZF) owns directly and through its wholly-owned subsidiary Hollinger-Hanna, a 15.1% interest in Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) Iron Ore Company of Canada (IOC), which operates the Carol Lakemine near Labrador City in Newfoundland and Labrador, on lands leased by the company. IOC is a joint venture between Rio Tinto (58.7%), Mitsubishi (26.2%), and the Labrador Iron Ore Royalty Income Corporation (15.1%).

The company also receives a 7% overriding royalty on all iron ore products produced from the leased lands, sold, and shipped by IOC and a commission of 10¢ per tonne IOC’s sales of iron ore.

6. SANDSTORM GOLD Market cap: $2.03 billion (US$1.67 billion) Sandstorm Gold (TSX: SSL; NYSEAM: SAND) has a portfolio of royalty assets on over 220 precious metal, base metal, and diamond assets, including 24 producing mines, 25 development stage projects, 19 proj-

WWW.NORTHERNMINER.COM

Top: Geologist Nick Barnable takes field notes in Newfoundland in 2018.

ALTIUS MINERALS

Above: Geoff Burns (centre), Maverix Metals co-founder and chairman, opens the New York Stock Exchange in 2019.

MAVERIX METALS

ects at the advanced exploration stage, and 152 at the exploration stage. Fifty-eight percent of its portfolio is in North America, with 18% in South America, 9% in Africa, and 8% in Asia.

About 44% of these assets are owned by major mining companies and 43% by mid-tier companies.

Those projects on which Sandstorm has royalties have an average all-in sustaining cost of less than US$600 per ounce.

Sandstorm’s anchor asset is the Hod Maden gold-copper project in northeastern Turkey, operated by Turkish miner Lidya Madencilik.

Sandstorm has a 30% interest and a 2% net smelter return royalty on the project, which, it said, is a multimillion-ounce discovery that is shaping up to be a high-grade, low-cost project with significant exploration upside. Once in production, Hod Maden is expected to more than double Sandstorm’s attributable production.

7. MAVERIX METALS Market cap: $993.25 million (US$823.32 million) Maverix Metals (TSX: MMX; NYSEAM: MMX) is a gold-focused precious metal streaming company. Created in 2016, the company now has a

TSXV: FOM, OTCQX: FMCXF

MINING RE-IMAGINED

In the heart of Saskatchewan, Canada, we are developing the world’s first carbon-neutral copper mine.

We believe that environmentally conscious land use, the creation of circular economies in local communities and the use of renewable energy, battery electric vehicles and leading edge technology, all provide better returns on investment in the long term and a better future for us all.

We have offset our GHG emissions to date, making us the world’s first carbon neutral copper development project.

Follow our progress as we create a new blueprint for the future of mining.

Contact: Dan Myerson, CEO

ir@foranmining.com Follow us on social media @ForanMining

www.foranmining.com

portfolio of 115 royalties and streams across 18 countries, of which 13 are paying and 19 are in the advanced stage.

Maverix’s assets includes royalties and streams on projects held by four major miners. These include 51 royalties on projects owned by Newmont (TSX: NGT; NYSE: NEM), 24 royalties from Kinross Gold (TSX: K; NYSE: KGC), 11 royalties and two streams from Pan American Silver (TSX: PAAS; NASDAQ: PAAS); and 11 royalties from Gold Fields (NYSE: GFI).

About 53% of Maverix’s assets are in the U.S., with 30% in Australia, 9% in Canada, and 5% in Mexico.

Major shareholders in the company include Newmont (30%), Pan American Silver (18%), Kinross Gold (8%).

Management and insiders hold 8%.

9. METALLA ROYALTY AND STREAMING Market cap: $481.26 million (US$398.92 million) Metalla Royalty and Streaming (TSXV: MTA; NYSE-AM: MTA) has a portfolio of gold and silver royalties on over 60 assets, including five producing mines, 23 development stage projects, and 41 exploration stage projects.

The company’s producing assets include a gold and silver royalty on Pan American Silver’s (TSX: PAAS; NASDAQ: PAAS) Joaquin and COSE mines in Argentina and a gold royalty on Coeur Mining’s (NYSE: CDE) Wharf mine in the U.S. Its development stage assets include a gold and silver royalty on Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) El Realto project in Mexico and a gold royalty on Moneta Porcupine’s Garrison project in Canada. Exploration stage assets include a gold royalty on Yamana Gold’s (TSX: YRI; NYSE: AUY; LSE: AUY) Camflo Norwest property in Canada and a gold royalty on Newcrest Mining’s (TSX: NCM; ASX: NCM) Fortuity 89 property in Canada.

On June 17, Metalla acquired an existing 1.35% net smelter return royalty on the northern portion of the Cote gold project and all of the Gosselin project, which are owned

by Iamgold (TSX: IMG; NYSE: IAG) and Sumitomo Metal Mining.

1O. EMX ROYALTY Market cap: $354.80 million (US$294.10 million) EMX Royalty (TSXV: MTA; NYSEAM: MTA) is focused on precious, base, and battery metal assets and holds a diversified portfolio of royalty properties and early stage exploration projects on five continents.

The company’s portfolio includes 60 royalties in the U.S. and Canada, 17 in Scandinavia, 20 in South America and the Caribbean, six in Turkey, three in Serbia, and two in Australia.

In February, EMX signed option agreements on five battery metal projects, including three nickelcopper-PGE-cobalt-projects in Norway and two in Sweden with Martin Laboratories EMG Ltd. (MLE), a private company in the U.K. The agreement with MLE provides EMX with a potential 5% equity interest in MLE, a 2.5% net smelter return (NSR) royalty on each project, and other considerations, including advanced annual royalties and milestone payments.

In addition, EMX has strategic investments including a 19.9% interest in Rawhide Acquisition Holding’s Rawhide gold-silver mining operation in Nevada and net smelter royalty interests on 18 properties in northern Chile operated by Revelo Resources (TSXV: RVL). TNM

SPECIAL FOCUS CANADA’S TOP TEN

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

17

Canada’s Top Ten base metal and uranium companies COPPER AND URANIUM

| Demand pushes valuations higher

BY NORTHERN MINER STAFF

Demand for greener energy has put companies with uranium and base metal projects under the spotlight. Here’s a list of the top ten Canadianheadquartered base metal and uranium juniors with no production. The ranking is based on the companies’ market capitalization as of June 3, and compiled by MiningIntelligence.

1. NEXGEN ENERGY Market cap: $2.7 billion (US$2.3 billion) NexGen Energy’s (TSX: NXE; NYSE: NXE) market cap has increased fivefold from last year, pushing it from third to first place in this year’s top ten ranking. The exploration and development company’s valuation has been boosted as the spot price for uranium edged higher in May and June to pass US$32 per lb., and comes after several years in which uranium was trading in the US$2530 per lb. price range.

The company is focussed on developing uranium projects in the southwestern part of the Athabasca Basin of Saskatchewan and Alberta, one of the world’s leading sources of highgrade uranium oxide used in nuclear power reactors. NexGen holds just under 200,000 hectares of land, and includes the largest developmentstage uranium deposit in Canada, its 100%-owned Rook 1 project. Rook 1 hosts the Arrow deposit, as well as the South Arrow, Harpoon, Bow and Cannon discoveries.

NexGen released a feasibility study for Rook I in February. The study envisioned an underground mine and a mill, with a mine life of 10.7 years. The initial capital costs for the project are pegged at $1.3 billion.

The Arrow deposit at Rook 1 has measured and indicated resources of 256.7 million lb. uranium oxide in 3.8 million tonnes grading 3.1%.

In March, the company closed a $150 million bought deal financing.

NexGen intends to use the proceeds from the offering for general working capital including continued development of the Rook I project. The company also announced in late June that it would list on the Australian Stock Exchange.

2. DENISON MINES Market cap: $1.3 billion (US$1.1 billion) Denison Mines (TSX: DML; NYSEAM: DNN) is focused on exploring and developing uranium projects in the Athabasca Basin, and has moved from sixth place in last year’s top ten list to second place this year.

Denison’s portfolio is concentrated in the eastern part of the Athabasca Basin, and covers about 280,000 hectares. The company’s flagship asset is its 90%-owned Wheeler River project, the largest undeveloped uranium project in that portion of the basin. The project has two high-grade deposits: Phoenix and Gryphon.

Probable reserves at Phoenix are 59.7 million lb. U3O8 from 141,000 tonnes grading 19.1% U3O8, while Gryphon has 49.7 million lb. U3O8 from 1.26 million tonnes grading 1.8% U3O8.

Other assets include the McLean Lake deposit and mill, in which Denison retains a 22.5% interest. The mill at McLean Lake processes ore from the Cigar Lake uranium mine

operated by Cameco (TSX: CCO; NYSE: CCJ), which resumed operations in April.

In mid-June, the company announced it was adding to its portfolio by acquiring 50% of JCU Exploration for a cash consideration of $20.5 million. The other half of JCU, a subsidiary of Japan-based Overseas Uranium Resources Development, will be held by UEX Corp. (TSX: UEX; US-OTC: UEXCF). The deal sees Denison providing UEX with an interest-free, three-month loan of up to $41 million, half of which will be immediately retired when Denison receives its JCU shares. JCU holds a portfolio of twelve uranium joint venture projects in Canada, including a 10% interest in Denison’s Wheeler River asset.

3. FILO MINING Market cap: $1.2 billion (US$1 billion) Filo Mining (TSXV: FIL) has seen its market cap soar, pushing it from number eight on last year’s list to third position this year. Part of the Lundin Group of companies, Filo’s key focus is its wholly-owned Filo del Sol copper-gold-silver deposit in South America, a high-sulphidation epithermal deposit associated with one or more large porphyry coppergold systems.

The project comprises two properties that straddle the border between Argentina and Chile in the Andes Mountains. The Filo del Sol asset is in Argentina’s San Juan province

Western Copper and Gold’s camp at the Casino project in the Yukon Territory.

and the adjacent Tamberias asset is in the Atacama region of northern Chile’s Region III. Combined, the two properties span about 14,000 hectares. The assets have indicated resources of 425 million tonnes grading 0.33% copper, 0.32 grams gold per tonne and 10.7 grams silver per tonne for 3.1 billion lb. copper, 4.4 million oz. gold, and for 147 million oz. silver.

In mid-June the company released the results of its most recent drill program at the Filo del Sol site in Argentina. These included the third best intersection on the site to date, measured by copper-equivalent gradethickness. The drillhole returned 352 metres of 1.16% copper equivalent (0.63% copper, 0.64 grams gold per tonne and 6.7 grams silver per tonne) from 498 metres downhole, within a broader interval of 1,081 metres at 0.88% copper equivalent (0.52%

WESTERN COPPER AND GOLD

copper, 0.43 grams gold per tonne and 5.3 grams silver per tonne) from a depth of 38 metres.

The company has drilled 15 holes at the Argentinean site this year and plans to resume exploration drilling in August as it ramps up to year-round operations. Filo plans to complete a resource update for Filo del Sol before the end of 2021, incorporating data compiled since 2019 and augmented by work planned for late summer and fall of this year.

4. OROCO RESOURCE Market cap: $565 million (US$468 million) Oroco Resource (TSX-V: OCO) makes its first appearance on the list. The company, founded in 2006, is developing the Santo Tomas porphyry copper project located in the western Sierra Madre mountain range of Mexico, straddling the bor-

der between the states of Sinaloa and Chihuahua.

The Santo Tomas project, which is about 9,000 hectares in size, lies within the Laramide belt, a trending copper belt that extends from the southwestern United States into southern Mexico. Oroco holds a net 61.4% interest in 1,200 hectares of core concessions, and may increase that majority interest up to an 81% stake with a project investment of up to $30 million. The company also holds a 77.5% interest in another 7,800 hectares of nearby mineral concessions.

Exploration work at the site done between 1968 and 1994 included over 100 diamond and reverse circulation drill holes, totalling about 30,000 metres. In 2017, Oroco began See BASE METALS AND URANIUM / 18

OCTOBER 13-14, 2021

KEYNOTE SPEAKER TONY MAKUCH President and CEO, Kirkland Lake Gold events.northernminer.com/suppliers-symposium

18

JULY 5–18, 2021 / THE NORTHERN MINER

SPECIAL FOCUS CANADA’S TOP TEN

quality on lands belonging to the Fond du Lac Band of Lake Superior Chippewa in Minnesota, as well as potentially impact some streams in the adjacent state of Wisconsin. PolyMet expects that ongoing litigation related to the project will continue until at least the end of this year, but says it remains committed to advancing the project.

BASE METALS AND URANIUM From 17

a comprehensive geological mapping program of the entire area.

Two years later the company began improvements to site access and the construction of camp and support facilities, followed in September of last year by a full 3-D resistivity and induced polarization survey of about 10 square km of the property. That survey was completed in March of this year.

In late June, Oroco received approval from the Chihuahua and Sinaloa state offices of the Mexican Secretariat of Environment and Natural Resources to conduct a new drill program at Santo Tomas.

Exploration drilling is expected to commence this summer, while an environmental baseline study, water strategy study and permitting studies will also begin. The company plans to expand its footprint by assembling nearby mineral concessions.

5. TRILOGY METALS Market cap: $519 million (US$430 million) Trilogy Metals (TSX: TMQ; NYSEAM: TMQ) maintains its fifth position on the top ten list for a second year, although the Vancouver-based junior has seen its market cap increase as copper prices have risen. The company is advancing exploration at its Upper Kobuk projects in Alaska’s Ambler mining district, located 470 km northwest of Fairbanks.

Trilogy has amassed 173,000 hectares in its Alaskan land package, with the two most advanced projects being the Arctic copper-zinclead-silver project and the Bornite copper-cobalt project.

A feasibility study on the Arctic project released in August 2020 envisioned a conventional open pit mine and mill complex and projected a 12-year mine life. Initial capex is estimated at US$905 million. At an operating rate of 10,000 tonnes per day, the study forecast average annual payable production of 155 million lb. copper, 192 million lb. zinc, 32 million lb. lead, 32,000 oz. gold and 3.4 million oz. silver.

Arctic has probable reserves of 43 million tonnes grading 2.24% copper, 3.12% zinc, 0.54% lead, 0.47 grams gold per tonne and 36 grams silver per tonne.

The Bornite copper-cobalt deposit is located about 25 km southwest of the Arctic project, and the company’s current activities are focused on exploration. A 2018 feasibility study for Bornite estimated indicated resources of 40.5 million tonnes grading 1.02% copper for 900 million lb.

The camp at Foran Mining’s McIlvenna Bay polymetallic project in Saskatchewan.

FORAN MINING

copper, with an additional 142 million inferred tonnes grading 1.74% copper for 5.5 billion lb. copper.

The 2021 exploration program at Upper Kobuk prioritizes infill drilling at Arctic as well as metallurgical and targeted condemnation drilling.

The company intends to expand exploration work within a 3-5 km radius of the Arctic deposit with the goal of seeking nearby copper-rich satellite deposits.

6. GLOBAL ATOMIC Market cap: $518 million (US$429 million) A newcomer to the top ten list this year, Global Atomic’s (TSX: GLO; US-OTC: GLATF) flagship Dasa project, discovered in 2010, is a large, high grade uranium deposit in Niger.

Located 120 km north of Agadez, Niger’s second-largest city, Dasa is 12,240 hectares in size and is planned initially as an underground mine, with the potential for future open pit operations.

In a preliminary economic assessment released in May 2020, Dasa was assessed with an overall life of mine (underground and surface) of 14 years, with peak production of 4.4 million lb. U3O8 annually. Dasa has an indicated resource of 3.12 million tonnes grading 0.62% U3O8 for 42.5 million lb. of contained uranium, and inferred resources of 0.69 million tonnes grading 0.34% U3O8 for 5.2 million lb. contained uranium. Of that, the total mineralized material to be milled is estimated at 4 million tonnes grading 0.54% U 3O 8 for 48 million lb. of

100% ownership of KSM, the world’s largest undeveloped gold and copper project TSX: SEA NYSE:SA www.seabridgegold.com

WWW.NORTHERNMINER.COM

info@seabridgegold.com

The Befesa zinc concentrate facility in Turkey.

contained uranium.

The PEA estimated an initial capex for Dasa of US$203 million, with an additional US$73.4 million allocated as sustaining capital over the life of the mine. The capex earmarks US$67 million for a processing plant. The mine’s operating costs are estimated at US$4.12 per lb. of U3O8 (US$45.06 per tonne processed) and are based on an owner-operator model.

7. WESTERN COPPER AND GOLD Market cap: $406 million (US$336 million) Western Copper and Gold (TSX: WRN; NYSE: WRN) makes its debut on the top ten list this year. The company is solely focused on developing its 100%-owned Casino copper-gold project in Canada’s Yukon Territory, located 300 km northwest of the capital of Whitehorse within the Dawson Range of mountains. It consists of 21,300 hectares of quartz claims and 490 hectares of placer claims, situated on both Crown land and within the traditional territory of the Selkirk First Nation.

Planned as an open pit mine with a 120,000 tonne-per-day concentrator and a 25,000 tonne-per-day gold heap leach facility, Western has been working up the project since 2008.

The company completed a preliminary economic assessment for Casino in late June. The PEA forecast an after-tax net present value (at an 8% discount) of $2.3 billion and an aftertax internal rate of return of 19.5%.

Cash flow over the first four years of operation is estimated at $965 million per year, based on metal prices of US$3.35 per lb. copper, US$1,600 per oz. gold, US$24 per oz. silver and US$12 per lb. molybdenum. The project’s initial capital investment is $3.25 billion and the PEA estimates average annual metal production of 178 million lb. copper, 231,000 oz. gold, 1.4 million oz. silver and

GLOBAL ATOMIC

17 million lb. molybdenum, over a 25-year mine life.

Casino has measured and indicated resources (both mill and leach material) of 2.4 million tonnes grading 0.14% copper and 0.19 grams gold per tonne for 7.6 million lb. copper and 14.5 million oz. gold.

In May, Rio Tinto Canada, a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), invested $25.6 million for an 8% stake in Western.

The company intends to use the funds for economic studies and permitting, as well as commencing an exploration diamond drill program at Casino comprising roughly 5,000 metres in 12 holes.

8. POLYMET MINING Market cap: $396 million (US$328 million) PolyMet Mining (TSX: POM; NYSEAM: PLM) has slipped from fourth place on last year’s top ten list, as the Toronto-based junior struggles to get its 100%-owned copper-nickel NorthMet project approved.

NorthMet is located 110 km north of Duluth in Minnesota’s historic Mesabi Iron Range. The company envisions an open pit operation that would be Minnesota’s first coppernickel mine. NorthMet is also the first large-scale project to be moving forward in the region. It has measured and indicated resources of 795 million tonnes, grading 0.234% copper and 0.07% nickel, and inferred resources of 457.7 million tonnes grading 0.236% copper and 0.067% nickel. The company says the project also has marketable reserves of palladium, cobalt, platinum and gold.

The project has faced a number of hurdles, however, including opposition from environmental groups and local activists opposed to the project.

In early June, the U.S. Environmental Protection Agency released results from its evaluation of the project, saying NorthMet may affect the water

9. FORAN MINING Market cap: $394 million (US$326 million) Copper-zinc development company Foran Mining (TSXV: FOM) makes its first appearance on the top ten list this year. The company’s flagship is the McIlvenna Bay project in the Hanson Lake volcanogenic massive sulphide (VMS) district of east-central Saskatchewan, part of the Flin Flon Greenstone belt. Foran also has a number of other assets in the region, including Bigstone, Balsam and Hanson Lake, plus interests in several other nearby properties.

The 20,400-hectare McIlvenna Bay property is wholly-owned by Foran, and the company released a prefeasibility study for the project in April 2020. The study outlined a $261 million underground mine with a nine-year life and on-site processing facilities, producing an average of 89.2 million lb. zinc and 27.9 million lb. copper annually.

Pre-production capital costs were pegged at $261 million, with $339 million in sustaining costs.

The company released assay results in March from two infill holes drilled as part of a 30,000-metre program.

One of these holes returned an 8.7metre interval grading 1.14% copper, 4.94% zinc and 16.58 grams silver per tonne from a massive sulphide unit.

It also returned a 7.7-metre interval of 1.21% copper, 1.23% zinc and 9.86 grams silver per tonne from the copper stockwork zone.

Foran says it hopes to make McIlvenna Bay the world’s first carbon neutral copper mine. The company has committed to reporting its emissions and intends to purchase verified offsets for the carbon emitted from all exploration activities over the past 10 years at the property.

In late May, Foran announced it had secured a deal with Fairfax Financial Holdings for a $100 million investment, subject to shareholder approval. The company intends to use the funds to advance exploration work at McIlvenna Bay with an expanded drill program as it works to complete a feasibility study by late 2021.

10. FISSION URANIUM Market cap: $354 million (US$326 million) Fission Uranium’s (TSX: FCU; USOTC: FCUUF) market cap has more than quadrupled since last year’s top ten list, and retains its number ten position this year. Based in Kelowna, B.C., Fission’s main asset is the Patterson Lake South (PLS) uranium property located in the southwestern part of the Athabasca Bain in Saskatchewan.

Situated 550 km northwest of Prince Albert, the 100%-owned project covers claims totaling 310,000 hectares, including the primary Triple R deposit, a near-surface deposit that currently has five identified mineralized zones. A 2019 prefeasibility study for PLS envisioned an underground mine with a six-year lifespan producing a total of 2.3 million tonnes of mineralized material grading 1.61% U3O8, for 78.7 million lb. of U3O8.

Indicated resources for the project are 2.2 million tonnes grading 2.1% U3O8 for 102.4 million lb. contained U3O8, and inferred resources stand at 1.2 million tonnes grading 1.22% U3O8 for 32.8 million lb U3O8.

The company closed a $34.5 million bought deal offering in May, and in June announced it was commencing a feasibility study for PLS, with the first phase being additional fieldwork and a 42-hole drill program (12,640 metres) at Triple R. TNM

SPECIAL FOCUS CANADA’S TOP TEN

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

19

Canada’s Top Ten diamond companies DIAMONDS

| Sector starts to rebound

BY NORTHERN MINER STAFF

Canada is home to many diamond companies and some of the world’s best diamond mines.

Here’s a list of the top ten diamond companies with headquarters in Canada, based on market capitalization as of June 3 and compiled by MiningIntelligence.

1. LUCARA DIAMOND Market Cap: $297.7 million (US$246.7 million) Lucara Diamond (TSX: LUC) owns the Karowe diamond mine in Botswana. The mine is one of the world’s foremost producers of large, high-quality, Type IIA diamonds in excess of 10.8 carats. These include the historic 1,758 carat Sewelo, the 1,109 carat Lesedi La Rona and the 813 carat Constellation, which sold for a record US$63.1 million.

In June, Lucara announced it had recovered a 1,174 carat diamond, which represents the third plus-1,000 carat diamond recovered from the South Lobe of Karowe’s AK6 kimberlite since 2015 (including Sewelo and Lesedi La Rona). The company said several other diamonds of similar appearance were recovered the same day, indicating that the 1,174 carat diamond was part of a larger diamond with an estimated weight of more than 2,000 carats.

Large diamonds account for about 70% of the company’s revenue.

In a corporate presentation in June, the company noted it had sold 3.2 million carats from Karowe since production began in 2012. It has also started on a US$514-million underground expansion at Karowe that will extend the mine life to 2040.

In addition to Karowe, Lucara owns 100% of Clara Diamond Solutions, which is a digital sales platform that uses proprietary analytics together with cloud and blockchain technologies to modernize the existing diamond supply chain, and ensure diamond provenance from mine to buyer.

The company has paid out US$271 million in dividends from 2014-2019.

2. STAR DIAMOND Market Cap: $120.6 million (US$100 million) Star Diamond’s (TSX: DIAM) Fort a la Corne kimberlites, including the Star-Orion South diamond project, are located in central Saskatchewan, 60 km east of the city of Prince Albert.

A preliminary economic assessment in 2018 of the Star and Orion South kimberlites estimated that 66 million carats of diamonds could be recovered from a surface mining operation over a 34-year mine life.

The PEA was based on a model of developing two open pits, initially on Orion South and subsequently on Star, and a central processing plant.

The early stage study forecast an after-tax net present value (at a 7% discount rate) of $2 billion and an internal rate of return of 19%. Preproduction capital costs were pegged at $1.4 billion with a payback of 3.4 years. The study envisioned a processing rate of 45,000 tonnes of kimberlite per day. Total potential plant feed was estimated at 470 million tonnes at a weighted average grade of 14 carats per hundred tonnes.

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) signed an agreement in 2017 to earn up to a 60% stake in the Star-Orion South project by spending up to $75 million over 7.5 years.

The two companies are engaged in a legal dispute over whether Rio Tinto

has completed its obligations under the agreement.

3. MOUNTAIN PROVINCE DIAMONDS Market Cap: $96.8 million (US$80.3 million) Mountain Province Diamonds’ (TSX: MPVD) flagship asset is its 49% interest in the Gahcho Kue mine in Canada’s Northwest Territories. The mine is a joint-venture with De Beers Canada, which owns 51% and is the operator. Gahcho Kue produces about 6 million carats of diamonds a year, making it one of the world’s largest.

The Gahcho Kue property consists of several kimberlites that are being mined, developed and explored for future development.

The company also owns 100% of Kennady North, an advanced exploration project that surrounds Gahcho Kue. Three of the kimberlites at Kennady North are less than 10 km from Gahcho Kue and have resource estimates.

Kennady’s Kelvin kimberlite has an indicated resource of 8.5 million tonnes grading 1.60 carats per tonne.

Faraday 2 has an inferred resource of 2.07 million tonnes grading 2.63 carats per tonne and Faraday 1-3 has an inferred resource of 1.87 million tonnes grading 1.04 carats per tonne.

4. DIAMOND FIELDS RESOURCES Market Cap: $17.6 million (US$14.6 million) Diamond Fields Resources’ (TSXV: DFR) wholly owned subsidiary, Diamond Fields (Namibia), has two key diamond mining licences in Namibia. It has a ten-year mining licence (Dec. 5 2015-Dec. 4 2025) for the ML 111 concession, which lies within Luderitz Bay between Diaz Point in the south and Marshall Forks in the north and at depths of 15 to 70 metres; and another ten-year mining licence (valid until November 2029), for the ML139 concession, which lies to the north of ML111.

In addition, Diamond Fields Resources’ 70%-owned subsidiary, Namibian Diamond Company, owns a mining licence (expires in December 2023) for the ML32 concession, which is adjacent to the east of both ML111 and ML139.

In western Madagascar, the company is focused on its Beravina project, a hard rock zircon deposit with an inferred resource of 1.5 million short tons grading 22.7% zircon.

The 625-hectare project is about 220 km east of the port of Maintirano.

The company has an agreement with TMH Acquisition Co., a special purpose vehicle set up by Denham Mining Fund LP, to advance the project, and it has an option to acquire 100% of the project.

5. NORTH ARROW MINERALS Market Cap: $12.7 million (US$10.6 million) North Arrow Minerals (TSXV: NAR) is focused on diamond opportunities in Canada. Its most advanced asset is the Q1-4 diamond deposit at its Naujaat project in Nunavut, where

The conveyor belt at Lucara Diamond‘s Karowe diamond mine in Botswana.

it is undertaking a $5.6 million 2,000tonne bulk sample. The program is funded by partner Burgundy Diamond Mines (ASX: BDM), as part of an option agreement signed last year under which Burgundy can earn a 40% stake in the project.

North Arrow has identified a total of eight kimberlite pipes as well as several laterally extensive kimberlite

LUCARA DIAMOND

dyke systems at Naujaat. The Q1-4 kimberlite has an inferred resource of 48.8 million tonnes grading 5.36 carats per hundred tonnes for 26.1 million carats (down to a depth of 205 metres). The company says drilling has the potential to expand the resource at depth, with the deepest hole terminating in kimberlite at a depth of 376 metres. Q1-4 hosts a

population of rare orangey-yellow diamonds.

The company is also evaluating kimberlite fields at the Mel project in Nunavut and the Pikoo project in Saskatchewan, as well as the Loki and LDG projects in the Lac de Gras region of the Northwest Territories.

See DIAMONDS / 20

Dasa Pilot Plant Yellowcake

Global Atomic/Befesa JV Zinc Plant in Turkey

Dasa Uranium Project Fully Permitted and On Schedule, Strong Cash Flow Q1/21 from Zinc • Continuous ESG focus since entering Niger in 2005, strong government support and community engagement • Phase 1, Dasa Mine Plan, initial 12-year, high-grade, underground mine as gateway to larger mine development. Current NPV8 of US$211M and IRR of 26.6% @ US$35/lb to be revised in DFS at end of September 2021 • Have begun filling key operations management positions in readiness for mine construction to begin in Q1 2022 • Large local labour force of skilled uranium miners available, interviews underway • Strategic marketing establishing indicative demand for future Yellowcake deliveries beginning in 2025

TSX: GLO | OTCQX: GLATF | Frankfurt: G12

www.globalatomiccorp.com

20

JULY 5–18, 2021 / THE NORTHERN MINER

DIAMONDS From 19

SPECIAL FOCUS CANADA’S TOP TEN

A Bauer trench cutter drill rig at the Star-Orion South project in central Saskatchewan.

STAR DIAMOND

The LDG project is a joint-venture with Arctic Canadian Diamond Co. In addition to diamonds, North Arrow owns 100% of the Hope Bay Oro gold project in Nunavut, about 3 km north of Agnico Eagle Mines’ Doris gold mine.

6. ARCTIC STAR EXPLORATION Market Cap: $12.5 million (US$10.4 million) Arctic Star Exploration’s (TSXV: ADD; US-OTC: ASDZF) flagship is its Diagras project in the Lac de Gras region of the Northwest Territories, about 22 km northeast of the Diavik diamond mine and 36 km east of the Ekati diamond mine.

In June, Arctic Star doubled its ground position at the Diagras project to 48,345.95 hectares. The new ground includes the PL01 kimberlite, bringing the total number of known kimberlites at the project to 29. Arctic Star now plans to fly EM time domain and magnetic surveys at Diagras.

The project is a joint-venture with Margaret Lake Diamonds (TSXV: DIA) and Arctic Star took over management this year and proposed a $2.1 million “spring 2021” budget to drill geophysical targets on the property. At the end of this budget period, slated for July 31, Arctic Star will own about 80% of the project and Margaret Lake Diamonds 20%.

Elsewhere in Canada the company holds the Redemption project in the Northwest Territories’ Lac de Gras kimberlite field, as well as the Stein diamond project in Nunavut, about 85 km northwest of Taloyoak.

In Finland, Arctic Star owns the Timantti project, 17 km from the town of Kuusamo. Timantti has two diamond-bearing kimberlites — Black Wolf and White Wolf — about 450 km from the Lomonosov and Grib diamond mines in Russia.

7. ARCHON MINERALS Market Cap: $12.2 million (US$10.2 million) Archon Minerals (TSXV: ACS) has diamond properties in the Mackenzie mining division in the Northwest Territories.

It has a 2.3% royalty on gross diamond production from the Buffer zone, which sits adjacent to the Ekati diamond mine, now owned

by Arctic Star Diamond. The Buffer zone contains the Jay and Lynx pipes. Archon’s royalty also covers at least 11 additional smaller kimberlite pipes, with a combined total of more than 30 hectares. In contrast to the Jay pipe, the company

The Gahcho Kue diamond mine in the Northwest Territories. MOUNTAIN PROVINCE DIAMONDS.

says, these smaller pipes are in small drainable lake settings and could be “fast-tracked to production by nonwaste-pit vertical mining methods being developed for Lynx.” In an MD&A in February, Archon noted that 10 new pipes were discovered in the past exploration season, of which five are in the east Buffer zone and subject to the company’s gross royalty.

In addition, Archon owns 100% of about 200,000 acres of mineral leases located in the western Buffer zone.

Archon also holds a minority stake in the Monument diamond project on the south shore of Lac de Gras.

There are 12 known kimberlites at Monument, and are part of the Lac de Gras cluster and lie within 40 km of the Ekati and Diavik diamond mines.

•

CONSTRUCTION AND MINING SERVICES

North Arrow Minerals’ Mel project camp in Nunavut. NORTH ARROW MINERALS

8. METALEX VENTURES Market Cap: $11.2 million Metalex Ventures (TSXV: MTX) has wholly owned mineral claims in the Kyle Lake region of Ontario, about 80 km west of De Beers’ Victor mine and 200 km west of James Bay. The claims are subject to a 10% carried interest in favour of Kel-Ex Development Ltd. In its January MD&A, Metalex said it discovered the T1 kimberlite by drilling in 2005, and a 450 ton bulk sample recovered 12,446 commercial sized diamonds, but the pipe was not economic.

A 28,620 line km airborne geophysical survey was flown in late 2006 and priority targets were tested, which led to the discovery of three additional kimberlites (U1, U2, and U2NW) between the T1 kimber-

lite and DeBeers’ Victor mine. All are diamondiferous but work has focused on U2 due to its size; at over nine hectares, the company says, “U2 is one of the largest kimberlites in the region, second only to Victor.”

A mini-bulk sample in 2010 (450 tons) recovered 1,946 commercial sized diamonds, and a high proportion of them were in the larger size category. The company now plans to collect a bulk sample.

Metalex also has a 72% participating interest in the Big Red diamond joint-venture in Attawapiskat, Ontario; and a 61.7% participating interest in the Dumont joint-venture, also in the Attawapiskat area.

In Quebec, Metalex has a 77.6% contributing interest in mineral claims prospective for diamonds

WWW.NORTHERNMINER.COM

in the Wemindji James Bay region.

Outside Canada, Metalex has a 60% interest with the Office National de Hydrocarbuerers et des Mines (ONYHEM) in Morocco (40%) to explore for diamonds in the country. It also has an option to earn up to a 70% interest in the 3,373-hectare Viljoenshof diamond project in South Africa. The property hosts several known kimberlite bodies.

Metalex Ventures’ chairman, Charles Fipke, led the team that discovered the Ekati mine.

9. DIAMCOR MINING Market Cap: $10.5 million (US$8.7 million) Diamcor Mining (TSXV: DMI; US-OTC: DMIFF) owns 70% of the Krone-Endora at Venetia project in South Africa, which it acquired from De Beers in February 2011. Nozala Investments owns the remaining 30% stake.

The project is adjacent to De Beers’ Venetia diamond mine in South Africa’s Limpopo province, about 500 km northeast of Johannesburg.

Venetia is South Africa’s largest producer of diamonds and one of the world’s largest.

In 2009, De Beers filed a NI 43-101 compliant resource estimate for the project, which was updated in April 2015. Krone-Endora now has an inferred resource of 57.98 million tonnes of diamond-bearing gravels, containing about 1.39 million carats of diamonds. The deposits on Krone-Endora occur in two layers with a maximum total depth of about 15 metres from surface to bedrock, which allows for a low-cost stripping operation.

In addition, Diamcor has a strategic alliance with Tiffany & Co. Canada, in which the jewelry company has the right of first refusal to buy up to 100% of Krone-Endora’s future rough diamond production at fair market prices. Under the 2011 deal, Tiffany provided $5.5 million in financing to advance the project.

10. GGL RESOURCES Market Cap: $8.9 million (US$7.5 million) GGL Resources (TSXV: GGL) has a number of diamond exploration properties in Nunavut and in the Lac de Gras diamond district of the Northwest Territories. It also holds diamond royalties on mineral leases near the Gahcho Kue diamond mine.

Exploration at its 100%-owned Zip property, 85 km west of the Ekati diamond mine and 100 km west of the Diavik mine has returned heavy mineral samples with kimberlitic indicator mineral counts in excess of 100 grains per sample, according to the company. Airborne geophysical surveys have also identified high priority magnetic and conductive kimberlitic targets up-ice and near high-count heavy mineral samples.

At Bishop, also 100%-owned, GGL discovered the Bishop kimberlite, which returned 11 diamonds from an initial 78.2 kilogram sample. The Bishop property, 55 km southwest of Ekati and 40 km southwest of Diavik, also contains the Courageous kimberlite, where a 78.4 kg sample of the sediments returned eight micro-diamonds, and GGL plans to complete ground geophysical surveys there. Its 100%-owned Rhombus property, 36 km northwest of Ekati and 65 km northwest of Diavik, contains four kimberlites, all of which are diamond bearing; while its 100%-owned Zeus property is 11 km south of the Ekati mine’s Fox kimberlite.

GGL also has the option to earn a 60% stake from Arctic Star Exploration in the Stein diamond project, 45 km from tidewater and 85 km northwest of Taloyoak in Nunavut.

In addition to diamonds, the company holds the McConnell gold-copper project, 22 km southeast of the Kemess mine in north-central British Columbia, and recently acquired an option on the Gold Point project in Nevada’s Walker Lane Trend. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

21

PROFESSIONAL DIRECTORY ASSAYERS

Crone Geophysics

C.F. Mineral Research Ltd. Diamond Indicator Heavy Minerals Extraction • Precious and Base Metals Extraction • Electron Microprobe Precision Analyses • Diamond Indicator and Mineral Classification • Microdiamond Recovery and Characterisation • High Quality / Low Cost / Quick Turnaround •

TEL: 250-860-8525 FAX: 250-862-9435

Highest Precision Magnetometers in the World

Worldwide 3D Pulse-EM TDEM, 3D E-SCAN IP/Resistivity Surveys

INDEPENDENT SPECIALISTS IN HEAVY MINERAL GEOCHEMISTRY

1677 Powick Road Kelowna, B.C. Canada V1X 4L1

INSTRUMENTATION

GEOPHYSICS

— SERVING THE EXPLORATION SECTOR WORLDWIDE SINCE 1977 —

www.cronegeophysics.com

(905) 814-0100

3D Pulse-EM (Time-Domain EM) Borehole and Surface Surveys Coil, Fluxgate or SQUID Sensors High Power, Low noise Step Response

3D E-SCAN (IP/DC Res) Mapping Recon3D , Target3D , HiRes3D Any Topography, any Scale Immediate QC, daily Results Deep, Efficient, Safe

Offering the industry leading precision, absolute accuracy and sensitivity for Optically Pumped Potassium, Overhauser and Proton Precession Magnetometers/Gradiometers with new add-on or standalone VLF-EM systems for resistivity depth sections.

R

R

R

R

UAV - Airborne – Ground Solutions Visit the website or call for a QUOTE today

Leading the World of Magnetics since 1980

DRONEMag™

www.gemsystems.ca

CONSULTING

• info@gemsystems.ca • Tel: +1.905.752.2202 • +1.888.635.1829

1,800+ CLIENTS 8,000+ PROJECTS 30+ YEARS EXPERIENCE Evaluate

Develop

Improve

Sales and Rentals: Transform

amcconsultants.com

GEOLOGY | MINING ENGINEERING | GEOTECHNICAL | CONSULTING SERVICES

HELI-GT

FROM

SHA GEOPHYSICS

THE MOST ADVANCED HELICOPTER MAGNETIC MAPPING SYSTEM

Specialists in mining and exploration projects across all commodities and all stages of project development. csaglobal.com

www.shageophysics.com | Ontario: + 1 416 444 8245 | BC: +1 250 814 9117 Canada | USA | Worldwide

CORPORATE I MINING I RESOURCES I EXPLORATION I TECHNOLOGY I WATER

905.477.2800 | info@terraquest.ca terraquest.ca

FIXED WING AND HELICOPTER

Vancouver

(905) 764-5505 (905) 764-8093 sales@terraplus.ca www.terraplus.ca

REMOTE SITE SERVICES

Gradient Magnetics | Matrix Digital VLF-EM | Radiometrics | GT2A Gravity

www.micon-international.com Toronto

120 W. Beaver Creek Rd., Unit 15 Richmond Hill, ON, Canada L4B 1L2 Tel: Fax: E-mail: Website:

info@csaglobal.com

Integrity, Competence and Independence

TERRAPLUS INC.

Magnetometers/VLF Magnetic Susceptibility Conductivity Full Wave 2D/3D IP Borehole Logging TDEM and HLEM Gamma-Ray Spectrometers Infrared Spectrometers Resistivity (ERT) GPR Seismic

Norwich

CONCRETE SOLUTIONS

International Exploration & Mining Consultants Project generation, design, management Independent reporting|Geophysics|GIS

www.mphconsulting.com +1.416.365.0930

Shotcrete - Concrete Paste Backfill

global leaders in environmental advisory solutions

www.sika.com/mining

www.slrconsulting.com Trusted Advisors to the Global Mineral Resource Industry

Since 1962 Geological and Mining Consultants I Since 1962

wgm.ca

HSE gap analysis, incident root cause support & emergency response readiness.

jcrofts@northernminer.com Global Mineral Resource Industry Fax: 416-447-7658 Trusted Advisors to the

Published by: Published by:

www.domcofoodservices.com

Mining Health, Safety, Security & Emergency Response Preparedness E Info@memhse.com W www.memsafetytraining.com

To reserve space contact: JOE CROFTS: 416-510-6816 Toll free North America: 1-888-502-3456 (ext. 43729)

• Canadian remote site service providers since 1945.

• Camp management, on site catering, hotel style housekeeping, janitorial and groundskeeping.

• Indigenous partnerships – Community Benefits • Excellent site safety record.

• Skills Training Programs Nobody knows Canada like Domco.. over 70 Years of Canadian experience

HEALTH & SAFETY

Call (416) 364-6244

Geological and Mining Consultants

Premier Canadian remote site service provider since 1945

Toronto: (416) 449-7333 Vancouver: 604-692-2870 Montreal: 450-813-9229 Yellowknife: 867-766-4222 Sept-Iles: 418-962-2327

SURVEYORS & CORE SYSTEMS JEAN-LUC CORRIVEAU, Q.L.S., CLS LAND & MINING SURVEYORS – 3D SCANNING

GYRO (Shaft plumbing), underground control, photogrammetric mapping (Airborne Lidar & photos by drone), borehole & bathymetric surveys Scanning of flooded cavities by sonar • Surface and underground inspections by drone

1085, 3rd Avenue West, Val-d’Or (Quebec) J9P 1T5 • Tel: (819) 825-3702 Fax: (819) 825-2863 • E-mail: bureau@corriveaujl.com • www.corriveaujl.com

MAKESENSE SENSEOF OF THE MINING INDUSTRY MAKE THE MINING INDUSTRY Mining Explained is a 164-page reference manual (written in layman’s language) that includes the following chapters: Mining Explained is a 164-page reference manual (written in layman’s language) that includes the following chapters: Basic Geology • Ore Deposits • High-Tech Prospecting Sampling & Drilling • Mining Methods • Processing Ore • Mining & Basic • Ore Deposits • High-Tech Sampling & Drilling • Mining Methods Ore • •Mining & Sense theGeology Environment • The Mining Team • Prospecting The Business of Mining • Feasibility: Does it Pay?• Processing • Metal Markets Making theofEnvironment • The Mining Team • The •Business • Feasibility: the Numbers • Investing in Mining GlossaryofofMining Mining Terms Does it Pay? • Metal Markets • Making Sense of the Numbers • Investing in Mining • Glossary of Mining Terms

Noww No ble lale aiab Avail Av ish Spanan ish ininSp

Order Your Order Your CopyToday!

Today!

Copy

1-888-502-3456 CallCall 1-888-502-3456 or email info@northernminer.com or email info@northernminer.com

22

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / JUNE 21-25 The S&P/TSX Composite Index rose 1.15% to 20,230.26 during the June 21-25 trading week.

The S&P/TSX Global Mining Index climbed 2.53% to 106.87, and the S&P/TSX Global Base Metals Index jumped 6.40% to 168.29. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per oz., and the S&P/TSX Global Gold Index fell 1.44% to 294.17.

Equinox Gold fell $1.02 to $8.84 per share.

On June 22, the company announced that it had suspended operations at its Los Filos mine in Mexico after blockades by a group of unionized employees and members of the Xochipala community, which are demanding payments in excess of their contractual agreements. The company had already suspended activities in September after locals blocked access and the company withdrew 2020 production guidance for the mine, which had been expected to produce 90,000-110,000 ounces of the company’s 470,000-530,000 total guided ounces of gold for the year. The Los Filos complex began commercial production in 2008. The operation consists of two large open pits (Los Filos and Bermejal) and one underground mine.

Shares of Newmont decreased by 63¢ to $77.10. The company has announced its first Climate Strategy Report. The report outlines

Newmont’s climate-related risks and opportunities, strategic planning, and means of reaching its climate targets. The gold miner has set its 2030 greenhouse gas emissions 32% lower than current levels for scope one and two and 30% lower for scope three emissions. In 2020, the company committed US$500 million as part of its Carbon Reduction Fund to support the implementation of technologies, emissions reduction projects, and other climate change to initiatives to meet its 2030 targets. “Today we send a clear signal that Newmont has moved beyond managing climate change as a sustainability issue to incorporating these risks and opportunities into our business strategy and business planning process,” said Tom Palmer, Newmont’s president and CEO. TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Deep-South Res NEO Battery Emerita Res Nrthn Shield Leeta Gold Ely Gold Royal Jourdan Res Labrador Gold Saturn Mnrls Marvel Discov

DSM NBM EMO NRN HIVE ELY JOR LAB SOIL MARV

33427 18202 15094 11095 10895 10042 8584 7467 6586 6522

0.14 0.77 1.60 0.05 2.98 1.40 0.06 1.85 0.18 0.18

WEEK LOW CLOSE CHANGE

0.04 0.28 0.90 0.03 2.54 1.10 0.04 1.40 0.15 0.12

0.05 0.71 + 1.20 + 0.04unch 2.81 1.37 + 0.05 + 1.47 0.16 + 0.17 +

0.09 0.43 0.31 0.00 0.24 0.36 0.01 0.23 0.01 0.06

Lundin Mining dropped 2¢ to $11.31 per share. The company announced a nearly 14% drop in expected copper output from its Candelaria copper-gold mine in Chile. Lundin says it will be adjusting the near-term mining sequence in Phase 10 of the Candelaria open-pit operation for the second half of the year, which will impact the volume of direct ore mined and available for processing. Full-year guidance for Candelaria has been reduced to 155,000-150,000

tonnes of copper and 90,000-85,000 oz. of gold, compared with between 172,000 to 182,000 tonnes of copper and 95,000 to 100,000 oz. gold forecast previously. The open-pit contains known fault zones, and the mining plan calls for production to shift below the danger zones.

The Candelaria complex is indirectly owned by Lundin Mining (80%) and Sumitomo (20%), with Lundin acquiring its ownership from Freeport-McMoRan in 2014. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Capstone Mng EurOmax Res Orvana Mnrls First Mg Fin Silver Bull Re Goldgroup Mng Monarch Mining Verde Potash Copper Mtn Mng i-80 Gold SouthGobi Res St Augustine Karnalyte Res Titan Mining Forsys Metals Entree Res Ur-Energy Equinox Gold Harte Gold New Pac Metals

CS EOX ORV FF SVB GGA GBAR NPK CMMC IAU SGQ SAU KRN TI FSY ETG URE EQX HRT NUAG

8048 77 261 16359 170 103 932 188 4705 793 113 1337 194 186 420 859 1288 5291 3642 243

5.37 0.07 0.44 0.49 1.49 0.04 1.02 1.14 3.91 2.64 0.32 0.13 0.23 0.41 0.88 1.05 2.01 9.95 0.12 6.11

VOLUME (000s)

WEEK LOW CLOSE CHANGE

4.39 0.06 0.38 0.39 1.20 0.04 0.83 0.93 3.41 2.39 0.22 0.10 0.19 0.35 0.76 0.89 1.70 8.78 0.10 5.52

5.31 0.07 0.42 0.44 1.45 0.04 0.97 1.06 3.82 2.59 0.22 0.10 0.19 0.35 0.79 0.90 1.74 8.84 0.10 5.62

+ + + + + + + + + + -

21.2 18.2 16.7 15.8 15.1 14.3 14.1 12.8 11.4 11.2 30.6 23.1 17.4 14.6 12.2 11.8 11.2 10.3 9.1 8.8

Labrador IOR Teck Res Nutrien First Quantum Teck Res Ero Copper Turquoise HIl Cameco Corp Suncor Energy Newcrest Mg Franco-Nevada Endeavour Mng Agnico Eagle Gatos Silver Torex Gold Equinox Gold MAG Silver Skeena Res First Majestic Newmont Corp

LIF TECK.B NTR FM TECK.A ERO TRQ CCO SU NCM FNV EDV AEM GATO TXG EQX MAG SKE FR NGT

1917 8338 6823 9342 9 944 789 4623 32804 1 1795 3824 3378 113 1576 5291 789 927 2643 821

WEEK CLOSE

50.22 28.30 75.15 28.52 35.47 25.14 21.36 24.51 30.31 25.18 178.59 27.21 76.62 22.15 14.31 8.84 26.43 13.58 19.38 77.10

CHANGE

+ + + + + + + + + + -

4.27 2.82 2.66 2.61 1.72 1.63 1.26 1.24 1.21 1.18 2.66 2.29 1.21 1.12 1.10 1.02 1.01 0.91 0.67 0.63

TSX VENTURE EXCHANGE / JUNE 21-25 The S&P/TSX Venture Composite Index rose 0.18% to finish the trading week at 948.51. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce.

New Found Gold rose 63¢ to $12.08 per share.

The company released the latest assays from the Lotto zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander. Highlights included drillhole NFGC21-201, which intersected 11.5 metres grading 150.3 grams gold per tonne from 196.5 metres, including 2.45 metres of 683.1 grams gold.

Hole NFGC-21-89 returned 18.8 metres of 1.6 grams gold from 80.9 metres. “The outstanding result from hole NFGC-21-201 demonstrates the potential for the definition of a significant discovery at Lotto,” Greg Matheson, New Found Gold’s COO, stated in a press release.

Shares of Vizsla Silver climbed 43¢ to $2.60.

The company released results from 14 holes drilled into the Napoleon vein at its Panuco silver-gold project in Mexico. Highlights included drillhole NP-21-112, which intersected 8.4 metres grading 889 grams silver-equivalent per tonne starting from 142.6 metres, including 1.34 metres of 5,197 grams silver-equivalent.

In addition, three holes drilled 50 metres south

of previous work, averaged 7.4 metres with a weighted average grade of 673 grams silverequivalent. Vizsla says the results have extended mineralisation at the vein to over 950 metres, and the vein remains open to the south and at a depth below 350 metres. “The southern end of Napoleon is proving to be consistently higher grade and wider than any part of the mineralized zone,” Michael Konnert, Vizsla’s president and CEO, stated in a press release.

The company is now adding two drill rigs to the project, bringing the total number to ten.

Labrador Gold fell 23¢ to $1.47 per share.

The company announced that it hit the highest grade intercept so far at its Kingsway project in the central Newfoundland gold belt, about 18 TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Deep-South Res NEO Battery Emerita Res Nrthn Shield Leeta Gold Ely Gold Royal Jourdan Res Labrador Gold Saturn Mnrls Marvel Discov

DSM NBM EMO NRN HIVE ELY JOR LAB SOIL MARV

33427 18202 15094 11095 10895 10042 8584 7467 6586 6522

0.14 0.77 1.60 0.05 2.98 1.40 0.06 1.85 0.18 0.18

WEEK LOW CLOSE CHANGE

0.04 0.28 0.90 0.03 2.54 1.10 0.04 1.40 0.15 0.12

0.05 0.71 + 1.20 + 0.04unch 2.81 1.37 + 0.05 + 1.47 0.16 + 0.17 +

0.09 0.43 0.31 0.00 0.24 0.36 0.01 0.23 0.01 0.06

km northwest of Gander. Drillhole K-21-17, a 30-metre step out to the northeast, intersected 1.85 metres grading 50.4 grams gold per tonne starting from 71.85 metres, including 0.6 metres of 160.4 grams gold. Drilled on the Big vein, K-21-17 extended the high-grade, nearsurface mineralisation about 40 metres along strike. The mineralisation remains open to the northeast and southwest. Labrador Gold

recently increased the drill program at Kingsway from 20,000 metres to 50,000 metres. To date, approximately 4,000 metres of drilling have been completed at Big Vein. The company now plans to double the number of drill rigs to four so that it can “aggressively test Big Vein” and “follow up targets developing along the quartz vein corridor,” Roger Moss, Labrador Gold’s CEO, stated in a press release. TNM

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

NEO Battery GK Resources Marvel Discov Tymbal Res Blue River Res Canterra Min Galway Gold Ely Gold Royal Emerita Res Adex Mining Academy Metals Deep-South Res Kalo Gold Jasper Mining District Mines Tintina Mines Intl Bethl Mng Montero Mg&Ex Zena Mining NV Gold

NBM NIKL MARV TYMB BXR CTM GLW ELY EMO ADE AM DSM KALO JSP.H DIG.H TTS IBC.H MON ZCC.H NVX

18202 174 6522 383 5290 513 256 10042 15094 53 368 33427 946 28 7 437 20 1236 4 1699

0.77 0.30 0.18 0.02 0.02 0.40 0.20 1.40 1.60 0.02 0.66 0.14 0.48 0.13 0.24 0.05 0.09 0.18 0.25 0.32

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.28 0.19 0.12 0.00 0.01 0.28 0.00 1.10 0.90 0.00 0.09 0.04 0.28 0.09 0.00 0.04 0.00 0.12 0.18 0.21

0.71 0.30 0.17 0.02 0.02 0.40 0.20 1.37 1.20 0.02 0.66 0.05 0.30 0.09 0.24 0.04 0.06 0.12 0.18 0.23

+ 149.1 + 78.8 + 54.5 + 50.0 + 50.0 + 45.5 + 39.3 + 35.6 + 34.8 + 33.3 - 76.4 - 66.7 - 37.5 - 37.0 - 31.4 - 30.0 - 29.4 - 29.4 - 28.0 - 27.4

VOLUME (000s)

New Found Gold Abitibi Royal Nouveau Monde Sigma Lithium Vizsla Silver NEO Battery Rock Tech Lith Filo Mg Corp Ely Gold Royal Desert Mtn Egy Academy Metals Tanqueray Expl Starr Peak Artemis Gold Leeta Gold Labrador Gold Mayfair Gold Great Bear Res Amex Expl Kalo Gold

NFG RZZ NOU SGMA VZLA NBM RCK FIL ELY DME AM IPA STE ARTG HIVE LAB MFG GBR AMX KALO

WEEK CLOSE

1020 12.08 10 24.50 567 9.89 446 6.29 1282 2.60 18202 0.71 595 5.24 743 9.99 10042 1.37 259 4.18 368 0.66 111 7.94 1112 3.25 657 5.98 10895 2.81 7467 1.47 489 1.34 175 14.68 300 2.28 946 0.30

CHANGE

+ + + + + + + + + + -

0.63 0.60 0.60 0.57 0.43 0.43 0.41 0.39 0.36 0.33 2.14 0.54 0.44 0.28 0.24 0.23 0.21 0.20 0.19 0.18

U.S. MARKETS / JUNE 21-25 The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce.

Rio Tinto rose US$3.98 to US$85.02 per share. The company has partnered with French electrical equipment group Schneider Electric to utilise each other’s materials and services, the companies said on June 23. Schneider Electric, which sells products ranging from electric car chargers to industrial robotics, will use materials, such as low-carbon aluminium and copper produced by Rio Tinto with renewable power, iron ore, and borates.

In turn, Rio Tinto will utilise low-carbon sourced energy and industrial services from Schneider Electric. The two companies said they are working jointly to develop digital platforms, technologies, and solutions to be deployed across the metals and mining supply chain to drive further decarbonisation.

Shares of Vale increased by US$1.17 to US$22.68. The company announced that it will join forces with China Baowu, the world’s top steelmaker, and Shandong Xinhai Technology, to make stainless steel raw material nickel pig iron (NPI) in Indonesia. Baowu subsidiary

Taigang Iron and Steel, China’s second-biggest stainless steel producer, signed a framework agreement with PT Vale Indonesia (PTVI) and NPI maker Xinhai to jointly operate the Bahodopi nickel processing facility in Morowali on the island of Sulawesi. Vale will hold 49% in the project, while China Baowu and Xinhai will split the remaining 51%. The project is expected to produce 73,000 tonnes of NPI per year on a nickel content basis via eight rotary kiln-electric furnaces. The three companies have agreed that all technical and financial requirements needed to make a final investment decision are to be completed within six months, Vale said in a statement.

Kinross Gold fell US4¢ to US$6.38 per share.

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

HIGH

WEEK LOW CLOSE CHANGE

Cleveland-Clif* CLF 179946 22.20 20.35 21.20 + 0.93 United States S* X 144582 24.71 22.80 23.64 + 0.93 Vale* VALE 140958 23.18 21.42 22.68 + 1.17 Freeport McMoR* FCX 133399 38.55 35.13 37.24 + 2.28 Kinross Gold* KGC 96925 6.58 6.10 6.38 - 0.04 Barrick Gold* GOLD 60674 21.35 20.80 20.89 + 0.14 Alcoa* AA 57647 37.11 32.35 35.80 + 3.72 Chevron Corp* CVX 48316 108.13 103.93 107.30 + 4.27 Yamana Gold* AUY 48190 4.50 4.29 4.31 - 0.05 Hecla Mining* HL 45406 8.18 7.57 7.59 + 0.05

The company announced that it has resumed mining and construction work at the expansion of its Tasiast mine in Mauritania, but milling activities will remain suspended for now following a June 15 fire at the mine. The Canadian miner said early estimates indicate the SAG mill would only restart by year-end, at a cost of up to US$50 million. Kinross has lowered its company-wide 2021 production guidance

to 2.1 million gold-equivalent ounces, from its previous forecast of 2.4 million ounces. The 2022 and 2023 guidance of about 2.7 million to 2.9 million gold-equivalent ounces remain unchanged, the company said, adding that it does not anticipate the fire will affect Tasiast’s life-of-mine production and mineral reserve estimates, or have a material impact on the mine’s overall value. TNM U.S. GREATEST VALUE CHANGE

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

Teck Res* CONSOL Energy* Alcoa* Natural Res Pt* HudBay Min* Southern Copp* Ero Copper* Nouveau Monde* Turquoise HIl* Arch Resources* Endeavr Silver* Harmony Gold* Gatos Silver* IAMGOLD* Coeur Mng* Fortuna Silvr* First Majestic* Sandstorm Gold* Gold Fields* Yamana Gold*

TECK CNX AA NRP HBM SCCO ERO NMG TRQ ARCH EXK HMY GATO IAG CDE FSM AG SAND GFI AUY

25909 17998 57647 144 7356 8184 52 1892 2958 2443 10265 31933 4785 20459 25573 12543 16025 6038 37520 48190

23.15 14.86 37.11 21.90 6.78 65.60 21.41 8.31 17.89 61.69 6.64 4.18 19.83 3.24 9.58 5.95 16.35 8.67 9.36 4.50

VOLUME (000s)

WEEK LOW CLOSE CHANGE

20.72 12.91 32.35 19.37 6.07 60.05 18.91 7.63 16.38 53.47 6.13 3.82 17.44 3.01 8.83 5.58 15.49 8.06 8.95 4.29

23.01 14.68 35.80 21.50 6.70 64.42 20.47 8.01 17.37 59.22 6.13 3.83 17.76 3.02 8.87 5.61 15.76 8.08 9.06 4.31

+ + + + + + + + + + -

12.4 11.6 11.6 11.1 10.4 8.3 8.3 7.5 7.4 7.2 6.3 6.1 5.2 4.7 4.1 3.9 2.6 1.9 1.2 1.1

MartinMarietta* MLM Southern Copp* SCCO Chevron Corp* CVX Arch Resources* ARCH Rio Tinto* RIO Alcoa* AA Nutrien* NTR Teck Res* TECK Freeport McMoR* FCX Natural Res Pt* NRP Gatos Silver* GATO Agnico Eagle* AEM First Majestic* AG Endeavr Silver* EXK Coeur Mng* CDE Harmony Gold* HMY Fortuna Silvr* FSM Sandstorm Gold* SAND IAMGOLD* IAG Gold Fields* GFI

2008 8184 48316 2443 7925 57647 11502 25909 133399 144 4785 5138 16025 10265 25573 31933 12543 6038 20459 37520

WEEK CLOSE

CHANGE

359.27 64.42 107.30 59.22 85.02 35.80 61.07 23.01 37.24 21.50 17.76 62.32 15.76 6.13 8.87 3.83 5.61 8.08 3.02 9.06

+ 23.95 + 4.94 + 4.27 + 3.98 + 3.98 + 3.72 + 3.04 + 2.53 + 2.28 + 2.15 - 0.97 - 0.45 - 0.42 - 0.41 - 0.38 - 0.25 - 0.23 - 0.16 - 0.15 - 0.11

GLOBAL MINING NEWS

THE NORTHERN MINER / JULY 5–18, 2021

23

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 24 2021 (change from June 17, 2021 in brackets): Aluminium Alloy 1900 (+100) Aluminium 1609100 (-19700) Copper 192975 (+49225) Lead 86000 (-1850) Nickel 234900 (-3702) Tin 2190 (+200) Zinc 258000 (-5250)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$61.55 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.00 Cobalt: US$20.64/lb.

Copper: US$4.28 Copper: CME Group Futures July 2021: US$4.28/lb.; August 2021: US$4.28/lb Iridium: NY Dealer Mid-mkt US$5,900.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$218.70 Lead: US$1.01/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$19,500.00 tr. oz.

Ruthenium: Mid-mkt US$750.00/tr. oz.

Silver: Handy & Harman Base: US$26.06 per oz.; Handy & Harman Fabricated: US$32.58 per oz.

Tin: US$14.72/lb.

Uranium: U3O8, Trade Tech spot price: US$32.50 per lb. U308 Zinc: US$1.30 per lb.

Prices current June 28, 2021

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of May 31, 2021 (with changes from May 15, 2021) Largest short positions Ivanhoe Mines IVN 19446953 2780521 5/15/2021 Suncor Energy SU 14943177 2362558 5/15/2021 New Gold NGD 13401055 -1113899 5/15/2021 Fortuna Silvr FVI 12336905 299309 5/15/2021 Nexgen Energy NXE 11398974 -270510 5/15/2021 Denison Mines DML 11064801 6081915 5/15/2021 Argonaut Gold AR 10825673 870954 5/15/2021 Barrick Gold ABX 9526932 -256811 5/15/2021 Wheaton Prec WPM 9014420 837177 5/15/2021 Nthn Dynasty NDM 8892671 1530311 5/15/2021 Kinross Gold K 8696012 -805115 5/15/2021 First Quantum FM 7177157 -872846 5/15/2021 B2Gold Corp BTO 7159482 1223277 5/15/2021 Equinox Gold EQX 6812746 -462619 5/15/2021 Endeavr Silver EDR 6293950 136317 5/15/2021 Largest increase in short position Denison Mines DML 11064801 6081915 5/15/2021 Ivanhoe Mines IVN 19446953 2780521 5/15/2021 Capstone Mng CS 5321012 2701887 5/15/2021 Suncor Energy SU 14943177 2362558 5/15/2021 Yamana Gold YRI 6208431 1879784 5/15/2021 Largest decrease in short position NextSource Mat NEXT 84212 -3480157 5/15/2021 Cameco Corp CCO 3354092 -2827791 5/15/2021 SSR Mining SSRM 4081354 -1974015 5/15/2021 Black Iron BKI 88040 -1196764 5/15/2021 New Gold NGD 13401055 -1113899 5/15/2021

Short positions outstanding as of May 31, 2021 (with changes from May 15, 2021) Largest short positions GR Silver GRSL 2601926 412840 5/15/2021 EnCore Energy EU 2583503 1029175 5/15/2021 Saturn Mnrls SOIL 2569571 2569521 5/15/2021 Vizsla Silver VZLA 2378441 2109305 5/15/2021 Azincourt Ener AAZ 2365700 2331448 5/15/2021 Pure Gold Mg PGM 2208020 -74131 5/15/2021 Sokoman Min SIC 2137180 -1001448 5/15/2021 Foran Mining FOM 1697923 936270 5/15/2021 Anfield Energy AEC 1677652 -1885789 5/15/2021 NuLegacy Gold NUG 1654717 -932998 5/15/2021 Uragold Bay Rs HPQ 1640169 241977 5/15/2021 Aurcana Silver AUN 1463189 -936416 5/15/2021 Fremont Gold FRE 1457758 1050427 5/15/2021 Arizona Metals AMC 1449636 550390 5/15/2021 E3 Metals ETMC 1419602 66561 5/15/2021 Largest increase in short position Saturn Mnrls SOIL 2569571 2569521 5/15/2021 Azincourt Ener AAZ 2365700 2331448 5/15/2021 Vizsla Silver VZLA 2378441 2109305 5/15/2021 Awale Res ARIC 1272830 1253830 5/15/2021 Puma Expl PUMA 1099647 1099229 5/15/2021 Largest decrease in short position Artemis Gold ARTG 110294 -2701783 5/15/2021 American Lith LI 206790 -2507172 5/15/2021 Defense Metals DEFN 314441 -2231904 5/15/2021 Alphamin Res AFM 700261 -2201842 5/15/2021 Anfield Energy AEC 1677652 -1885789 5/15/2021

DAILY METAL PRICES Date Jun 25 Jun 24 Jun 23 Jun 22 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2067.50/2050 2108/2090 2118.50/2100 2119/2100 Aluminum 2451/2470 2397.50/2424 2386.50/2416.50 2375.50/2403 Copper 9432.50/9460 9390.50/9240.50 9289.50/9321 9190.50/9217 Lead 2217.50/2224 2198.50/2208.50 2175.50/2182.50 2165.50/2173.50 Nickel 18611/18563 18192/18168 17867/17869 17701/17710 Tin 32457/30825 32100/30495 32079/30364 31902/30070 Zinc 2876.50/2896.50 2896/2908.50 2869/2883.50 2841/2853 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1783.25 1780.20 1782.90 Gold PM 1786.65 1784.85 1791.60 Silver 26.13 25.99 25.95 Platinum 1101.00 1090.00 1090.00 Palladium 2636.00 2634.00 2590.00

1779.10 1775.05 25.97 1057.00 2577.00

Jun 21 2119.50/2100 2353.50/2370.50 9042.50/9070 2163/2172 17310/17346 31264/29810 2832/2844

1782.45 1775.05 25.96 1040.00 2523.00

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

Jun 25 1.2294 0.8132

Jun 24 1.2322 0.8116

Exchange rates (Quote Media, June 25, 2021) C$ to AUS C$ to EURO 1.0713 0.6815 C$ to UK Pound C$ to China Yuan 0.5859 5.2526 US to AUS US to EURO 1.3180 0.8377 US to UK Pound US to China Yuan 0.7203 6.4562

Jun 23 1.2306 0.8126

Jun 22 1.2311 0.8123

Jun 18 ($) 25.34 72.24 67.76 56.78 14.65 12.58 27.36 29.90 15.56 18.75 69.96 19.83 55.07 10.33 58.52 58.92 47.17

the Issuer at $2.21 until expiry.

Karora Resources Inc. (KRR.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

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

Osisko Gold Royalties (OR.WT) - Wt buys

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

Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share.

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share.

Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

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

Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share.

Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share.

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

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

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

Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share.

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

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

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

Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share.

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

$3.00 per share.

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

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

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

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share.

Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share.

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

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share.

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

Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share.

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

Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share.

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

52-week

C$ to YEN 90.1727 C$ to India Rupee 60.3831 US to YEN 110.7750 US to India Rupee 74.2250

C$ to Mex Peso 16.1214 C$ to Swiss Franc 0.7458 US to Mex Peso 19.8156 US to Swiss Franc 0.9168

C$ to SA Rand 11.5059 C$ to S. Korea Won 916.7418 US to SA Rand 14.1530 US to S. Korea Won 1127.3300

Change ($) -0.23 -1.62 -1.78 -0.12 -0.22 0.11 -0.25 -0.37 -0.03 -0.50 -0.13 -0.30 -0.18 -0.15 -0.59 -0.60 -0.73

Change (%) -0.90 -2.25 -2.63 -0.22 -1.53 0.88 -0.93 -1.23 -0.19 -2.63 -0.19 -1.51 -0.33 -1.43 -1.01 -1.01 -1.55

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

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

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

Jun 25 20230.26 948.51 1213.50 294.17 276.13

Jun 24 20215.12 950.59 1211.67 295.94 276.13

Jun 23 20164.39 945.90 1208.65 295.44 275.93

Jun 22 20200.65 939.19 1211.62 298.56 277.81

Jun 21 20156.36 941.93 1210.23 301.25 279.56

High 20295.18 1113.64 1217.00 416.84 359.81

Low 15167.59 588.35 914.24 267.29 246.09

NEW 52-WEEK HIGHS AND LOWS JUNE 21 – 25, 2021 MER (%) 2.40 0.61 0.60 2.31 2.29 2.73 0.68 0.83 2.63 0.61 2.52 2.46 3.19 2.98 2.09 2.09 2.27

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

500.90 2.55 147.58

72 New Highs Medaro Mining* Academy Metals Alto Ventures Alto Ventures* American Pac Ameriwest Lith Anaconda Mng Anaconda Mng* Arch Resources* Arizona Metals AurCrest Gold Azteca Gold* Boreal Metals Canadian Metal* Canadian Prem* Collective Mg CONSOL Energy* Diamcor Mng Diamcor Mng* Eastfield Res Eco Oro Min

Eco Oro Min* Element 29* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Four Nines Four Nines* GK Resources Go Cobalt Go Cobalt* Gold Royalty* GrowMax Res* Hunt Mng* Intl Star* Jazz Res KAT Expl* Labrador Gold Labrador IOR Labrador IOR* Lithoquest Res* Luckystrike * Marvel Discov

Marvel Discov* Medaro Mining Natural Res Pt* NEO Battery Nrthn Mnrls &E* Optimum Vent Oroco Res Palamina Corp Palamina Corp* Power Group Puma Expl* Quantum Batt Red Moon Res Ridgeline Min Slave Lake Zn* Spey Resources Stakeholdr Gld Stallion Gold Standard Lith Standard Metal* Sulliden Mng* Tisdale Res Tisdale Res*

Tombill Mines* Triple Flag Tsodilo Res Vale* Viscount Mng

61 New Lows 1911 Gold 55 North Adyton Res Americas Silvr Americas Silvr* AngloGold Ash* Archer Explor B2Gold Corp BMEX Gold* Brigadier Gold Capricorn Met* Colonial Coal Deep-South Res* Discovery Silv* Equinox Gold Equinox Gold* Euro Manganese

Excelsior Mng Fathom Nickel Fremont Gold Galiano Gold GFG Resources* Golcap Res Harte Gold Hawkmoon Res Infield Min Irving Res Kingfisher Met* Kinross Gold Kinross Gold* Lakewood Expl* Lion One Mtls Lion One Mtls* Makara Mining* Manning Vent Mantaro Silver Mayfair Gold Mayfair Gold* Metallum Res Midland Expl

New Pac Metals* New Placer Northern Light* NovaGold Res O3 Mining Orestone Mng Pan Am Silver Petra Diamonds* Phoenix Metals Power Metals Power Metals* Precipitate Gl* Quebec Silica Sixty North Strategic Metl Torex Gold Torex Gold* Vanstar Mng Rs Vanstar Mng Rs* West Mining* White Gold*

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

Re-Publishing License moliveira@ northernminer.com or 416-510-6768

$0.12 per share.

Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share.

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

Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share.

Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share.

Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share.

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

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

Sandfire Resources America Inc. (SFR.RT) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share.

Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit.

Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share.

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

Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share.

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

Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share.

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

NORTH AMERICAN STOCK EXCHANGE INDICES

GLOBAL MINING NEWS · SINCE 1915

Contact:

sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

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

Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS

Jun 21 1.2371 0.8084

CANADIAN GOLD MUTUAL FUNDS FundName Jun 25 ($) BMO Prec Mtls Fd A 25.11 BMO ZGD 70.61 BMO ZJG 65.98 CI Pre Met Fd A 56.65 CIBC Prec Metal Fd A 14.43 Dyn Prec Metls Fd A 12.69 Harvest HGGG 27.11 Horizons HEP 29.53 IG MacGbPreMetCl A 15.53 iShares XGD Mac Prec Met Cl A 69.82 NBI PrecMetFd Invt 19.53 NPT Go&PrMinFd A 54.89 NPT SilverEquCl A 10.18 RBC GblPreMetFd A 57.93 RBC GblPreMetFd Adv 58.33 TD Prec Mtl Fd Inv 46.44

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry.

Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eCobalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry.

Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

24

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JUNE 21–25, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

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

V 1635 O 192 V 263 C 1149 C 260 C 304 O 205 V 2790 O 297 V 88 O 71 V 500 V 495 O 386 V 10 O 10 V 2724 O 3356 O 5 V 368 C 171 V 587 O 305 V 53 V 39 V 513 O 74 V 677 V 471 O 35 V 1139 O 123 V 24 O 101 O 815 N 5138 T 3378 O 0 O 12 V 14 O 146 C 250 T 2562 N 10936 N 57647 O 35 V 97 O 969 T 778 X 3905 V 178 O 244 O 175 O 124025 V 312 O 270 V 103 D 2563 T 82 X 3529 O 108 V 110 T 225 O 55 O 15 V 138 V 845 O 2908 O 699 V 1177 V 358 O 55 V 80 V 562 O 331 O 278 V 430 V 82 V 44 O 35 T 382 O 130 V 5081 O 97 O 10 V 17 O 14 V 91 O 20 V 1350 O 492 V 83 O 182968 V 214 O 221 V 650 O 357 O 61 O 2200 V 1748 O 105 V 377 V 255 O 1724 V 684 O 771 V 741 C 4805 O 62 T 823 X 5197 T 785 O 345 C 121 V 300 O 182 O 6677 C 5469 V 4 T 2421 O 400 V 227 O 310 O 25 O 810 V 1644 O 43 V 353 O 47 V 330 O 6 O 1151 T 29 O 1 N 18085 V 513 O 9 O 94 V 102 O 16 V 129 V 154 O 22 V 635 O 14 O 526 C 569 O 1232 O 62 T 259 V 97 N 2443 C 4 O 0 V 3 O 132 V 2988 V 1989 O 50 O 109 V 87 V 119 O 68 O 300 V 4581 V 689 O 1021 O 319 V 876 O 0 V 120 C 110 O 12 O 351 T 6295 O 5

0.07 0.35 0.45 0.12 0.12 0.14 0.08 0.09 0.15 0.17 0.12 0.15 0.07 0.06 24.62 19.65 0.57 0.47 0.06 0.66 0.88 0.09 0.07 0.02 0.07 1.14 0.93 0.13 0.52 0.13 0.16 0.14 0.12 0.01 0.45 64.30 79.48 0.00 0.18 0.22 0.65 0.28 9.94 8.11 37.11 0.50 0.61 0.43 3.32 2.68 0.11 0.09 0.02 0.00 0.49 0.39 1.03 7.24 0.63 0.51 0.22 0.28 1.15 0.93 0.04 0.05 0.81 0.66 0.57 0.69 0.08 0.05 0.06 0.68 0.55 0.30 0.37 0.03 0.30 0.25 17.69 14.59 0.39 0.31 0.01 0.03 0.99 1.10 5.16 0.09 0.07 0.07 0.00 0.14 0.11 0.32 0.28 0.02 0.19 0.23 0.06 0.07 0.19 1.29 1.58 1.05 1.29 0.65 0.05 1.96 1.59 1.21 0.98 0.96 2.51 2.04 1.55 1.86 0.08 1.05 0.85 1.75 0.02 0.00 0.14 0.17 0.03 0.04 0.05 0.06 42.83 21.49 2.60 19.33 19.46 0.34 0.27 1.00 1.11 0.04 0.05 0.13 20.60 1.03 0.79 0.89 1.10 0.02 0.07 0.09 2.16 61.69 0.75 0.00 0.19 0.08 0.11 0.19 0.15 0.02 0.04 0.10 0.07 0.11 0.16 0.68 0.55 0.18 0.21 0.00 0.24 0.19 0.15 2.57 3.15 0.00

0.07 0.30 0.38 0.08 0.10 0.12 0.00 0.08 0.12 0.00 0.11 0.14 0.06 0.04 23.43 0.00 0.51 0.42 0.00 0.09 0.76 0.08 0.06 0.00 0.00 1.02 0.84 0.09 0.48 0.12 0.14 0.12 0.12 0.01 0.40 62.06 76.33 0.00 0.00 0.00 0.53 0.28 9.45 7.68 32.35 0.47 0.57 0.35 3.13 2.54 0.00 0.08 0.01 0.00 0.42 0.34 0.74 6.66 0.59 0.48 0.20 0.25 1.10 0.89 0.00 0.05 0.72 0.59 0.51 0.64 0.08 0.05 0.06 0.51 0.41 0.27 0.33 0.00 0.00 0.23 16.70 13.05 0.26 0.23 0.01 0.03 0.83 1.00 4.67 0.08 0.06 0.00 0.00 0.12 0.10 0.30 0.24 0.00 0.16 0.20 0.05 0.06 0.17 1.21 1.51 0.90 1.15 0.46 0.03 1.85 1.50 1.15 0.94 0.00 2.20 1.80 1.19 1.46 0.08 0.89 0.73 1.41 0.00 0.00 0.12 0.15 0.00 0.03 0.00 0.05 38.25 19.36 0.00 19.33 18.34 0.30 0.00 0.77 0.94 0.03 0.05 0.12 0.00 0.85 0.00 0.72 0.89 0.02 0.07 0.08 1.86 53.47 0.00 0.00 0.19 0.07 0.08 0.14 0.00 0.01 0.00 0.09 0.07 0.09 0.10 0.52 0.43 0.15 0.19 0.00 0.22 0.00 0.14 2.39 2.93 0.00

0.07 + 0.31 0.40 0.08 0.12 unch 0.12 0.08 + 0.08 unch 0.14 0.17 + 0.12 + 0.15 + 0.07 unch 0.05 + 24.50 + 19.59 + 0.54 0.44 0.06 0.66 0.82 0.09 unch 0.06 0.02 + 0.07 unch 1.11 + 0.91 + 0.09 0.48 0.13 + 0.15 0.12 0.12 unch 0.01 + 0.41 62.32 76.62 0.00 unch 0.18 + 0.22 + 0.57 0.28 unch 9.50 7.71 35.80 + 0.47 0.58 0.39 + 3.13 2.56 0.11 + 0.09 + 0.02 + 0.00 + 0.43 0.36 1.03 + 7.10 + 0.62 + 0.50 unch 0.21 0.26 1.10 0.90 + 0.04 + 0.05 unch 0.73 0.60 0.54 + 0.67 + 0.08 + 0.05 unch 0.06 unch 0.67 0.53 + 0.27 0.34 0.03 unch 0.30 + 0.25 + 17.28 + 14.09 + 0.37 + 0.30 + 0.01 unch 0.03 + 0.90 + 1.10 + 4.98 + 0.08 0.07 0.07 0.00 0.14 + 0.10 0.32 + 0.25 + 0.01 0.17 0.21 0.05 0.06 0.17 1.27 + 1.56 unch 1.01 + 1.25 + 0.58 + 0.05 1.89 1.54 1.21 + 0.98 + 0.86 2.28 1.85 1.25 1.53 0.08 unch 0.96 0.78 1.68 + 0.02 + 0.00 0.13 0.16 0.03 + 0.04 + 0.04 0.05 42.83 + 20.66 + 2.55 19.33 unch 18.81 0.34 + 0.27 1.00 + 0.95 0.04 0.05 unch 0.12 20.50 + 0.86 0.70 0.86 + 1.05 + 0.02 0.07 + 0.09 + 2.05 + 59.22 + 0.75 + 0.17 unch 0.19 unch 0.08 0.09 0.19 + 0.15 + 0.02 0.04 unch 0.09 0.07 + 0.11 + 0.16 + 0.65 + 0.53 + 0.17 + 0.21 + 0.21 unch 0.22 0.18 + 0.15 2.42 2.96 0.00 unch

0.01 0.08 0.05 0.04 1.22 0.30 0.03 0.98 0.38 0.05 0.23 0.08 0.00 0.25 0.10 0.02 0.23 0.08 0.02 0.11 0.01 0.00 0.11 0.02 0.00 0.21 0.04 0.01 0.29 0.07 0.01 0.18 0.06 0.01 0.24 0.08 0.00 0.16 0.05 0.00 0.12 0.04 0.60 26.75 19.98 0.26 20.82 14.78 0.05 0.82 0.14 0.02 0.68 0.11 0.58 0.98 0.55 2.14 3.00 0.55 0.03 0.90 0.31 0.00 0.16 0.06 0.01 0.12 0.04 0.01 0.04 0.01 0.00 0.17 0.07 0.06 1.60 0.80 0.06 1.18 0.62 0.03 0.40 0.09 0.05 1.20 0.44 0.00 0.37 0.11 0.02 0.36 0.11 0.02 0.26 0.08 0.00 0.18 0.06 0.00 0.02 0.00 0.01 1.37 0.24 0.45 89.23 54.66 1.21 117.35 69.14 0.00 0.13 0.00 0.02 0.53 0.16 0.02 0.67 0.17 0.00 0.79 0.41 0.00 0.45 0.15 0.21 15.52 8.89 0.08 11.58 7.02 3.72 44.42 10.43 0.01 0.61 0.20 0.01 0.74 0.27 0.00 1.45 0.13 0.14 4.65 2.74 0.07 3.50 2.02 0.01 0.25 0.08 0.00 0.19 0.05 0.00 0.04 0.00 0.00 0.02 0.00 0.07 0.71 0.23 0.04 0.56 0.18 0.11 1.15 0.13 0.46 7.40 2.63 0.01 1.60 0.58 0.00 1.24 0.45 0.00 0.29 0.14 0.01 0.36 0.20 0.05 1.30 0.54 0.01 1.07 0.37 0.00 0.19 0.01 0.00 0.12 0.04 0.07 1.45 0.52 0.03 1.13 0.36 0.04 0.69 0.12 0.04 0.80 0.14 0.01 0.14 0.04 0.00 0.06 0.02 0.00 0.07 0.01 0.02 0.77 0.11 0.01 0.67 0.08 0.02 0.42 0.05 0.03 0.47 0.07 0.00 0.05 0.01 0.02 0.50 0.08 0.01 0.36 0.09 0.55 19.39 9.61 0.50 16.00 6.80 0.07 0.39 0.09 0.05 0.31 0.08 0.00 0.50 0.00 0.01 0.05 0.01 0.02 21.22 0.44 0.05 1.66 0.58 0.13 5.97 3.83 0.01 0.13 0.03 0.00 0.10 0.02 0.01 0.09 0.03 0.00 0.05 0.00 0.01 0.20 0.03 0.01 0.16 0.02 0.02 0.42 0.21 0.01 0.31 0.16 0.00 0.08 0.01 0.01 0.38 0.11 0.02 0.50 0.16 0.01 0.08 0.02 0.01 0.10 0.03 0.02 0.40 0.17 0.01 3.32 0.15 0.00 4.21 0.81 0.06 2.25 0.11 0.08 2.86 0.15 0.10 0.65 0.13 0.00 0.06 0.01 0.03 5.12 1.85 0.03 3.90 1.50 0.03 1.61 0.30 0.04 1.35 0.20 0.01 0.96 0.12 0.19 4.19 1.94 0.13 3.26 1.44 0.17 1.90 0.71 0.23 2.15 0.30 0.00 0.12 0.02 0.04 1.05 0.28 0.03 0.85 0.20 0.09 2.03 1.18 0.00 0.02 0.00 0.00 0.07 0.00 0.01 0.16 0.03 0.01 0.20 0.05 0.01 0.05 0.01 0.01 0.07 0.02 0.01 0.08 0.03 0.01 0.10 0.05 2.73 49.42 22.20 1.76 24.75 11.46 0.04 2.90 1.75 0.00 38.94 19.33 0.08 38.50 18.34 0.02 0.53 0.27 0.04 0.34 0.23 0.11 1.25 0.43 0.15 1.51 0.50 0.00 0.07 0.02 0.00 0.09 0.03 0.03 0.49 0.12 0.73 27.80 11.25 0.17 1.68 0.38 0.09 0.91 0.33 0.06 1.00 0.10 0.05 1.22 0.13 0.00 0.14 0.00 0.01 0.14 0.06 0.01 0.18 0.08 0.01 2.63 0.66 3.98 61.54 26.97 0.25 0.75 0.08 0.00 0.26 0.13 0.00 0.40 0.11 0.01 0.52 0.06 0.02 0.25 0.04 0.05 0.29 0.02 0.03 0.24 0.02 0.00 0.38 0.00 0.00 0.04 0.02 0.01 0.21 0.06 0.00 0.15 0.04 0.00 0.21 0.01 0.04 0.27 0.02 0.07 0.82 0.08 0.08 0.69 0.06 0.01 0.21 0.04 0.03 0.26 0.05 0.00 0.27 0.13 0.04 0.35 0.15 0.01 0.35 0.04 0.00 0.24 0.10 0.04 2.91 1.50 0.10 3.44 1.90 0.00 0.40 0.00

(100s) Stock

Exc Volume

Week Low

0.38 0.39 0.31 0.31 2.12 2.14 0.10 0.10 + 0.12 0.12 4.75 5.05 + 3.91 4.08 0.14 0.14 0.17 0.18 0.00 0.58 4.76 4.76 5.86 5.98 0.30 0.31 + 0.37 0.38 + 0.00 0.67 unch 0.21 0.21 unch 0.25 0.26 1.02 1.03 1.26 1.27 0.03 0.03 0.00 0.24 unch 0.00 0.09 unch 0.04 0.04 + 0.04 0.05 unch 0.13 0.14 0.17 0.17 unch 0.01 0.03 + 5.25 5.70 + 0.00 0.18 0.20 0.22 unch 0.06 0.08 unch 0.46 0.47 0.58 0.59 0.01 0.01 + 0.00 2.02 unch 0.20 0.20 unch 0.24 0.26 + 1.85 1.89 1.50 1.56 0.00 0.24 unch 15.94 16.90 + 0.00 13.81 + 2.05 2.05 2.51 2.54 0.80 0.87 + 0.65 0.71 + 0.28 0.29 unch 0.23 0.24 0.47 0.47 0.39 0.40 0.66 0.85 + 0.83 1.02 + 0.00 0.07 0.14 0.14 0.17 0.17 0.54 0.70 + 0.00 0.16 0.02 0.02 0.12 0.12 0.15 0.16 + 0.21 0.22 0.17 0.18 0.61 0.69 + 0.50 0.52 0.12 0.13 0.15 0.15 0.04 0.04 0.14 0.15 0.16 0.16 1.12 1.12 1.38 1.39 0.08 0.09 unch 0.06 0.07 + 0.07 0.07 0.06 0.07 + 0.05 0.05 + 5.99 7.00 + 0.00 0.09 0.13 0.13 + 0.25 0.27 0.20 0.22 1.95 2.13 + 1.62 1.75 + 0.05 0.06 0.07 0.07 unch 0.30 0.30 0.24 0.27 + 0.00 0.01 + 0.12 0.12 + 0.09 0.10 +

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

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

239 390 176 104 731 663 148 59 306 4 131 657 418 198 0 118 262 1528 936 250 0 0 50 670 210 178 15036 10 0 19 166 110 148 164 0 10 40 98 35 0 422 10 29 125 1434 1492 733 202 172 36 317 969 74 54 260 77 5 588 43 58 229 85 1743 188 1224 1537 82 51 311 4789 228 47 36 885 288 32 41 13 18 938 764 1972 90 491 1054 624 130 1329 63 111

0.44 0.35 2.21 0.10 0.13 5.55 4.50 0.17 0.21 0.60 5.05 6.26 0.32 0.39 0.00 0.22 0.27 1.11 1.37 0.03 0.00 0.00 0.04 0.05 0.14 0.18 0.03 5.83 0.18 0.22 0.09 0.51 0.62 0.01 0.00 0.20 0.26 2.11 1.65 0.00 17.50 13.95 2.32 2.83 0.90 0.73 0.32 0.24 0.53 0.43 0.90 1.11 0.07 0.14 0.18 0.80 0.22 0.02 0.13 0.16 0.23 0.19 0.71 0.57 0.13 0.17 0.04 0.16 0.18 1.22 1.50 0.09 0.07 0.09 0.07 0.05 7.00 0.10 0.13 0.28 0.23 2.44 1.95 0.06 0.07 0.34 0.27 0.01 0.12 0.10

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

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

30074 13240 95 740 106 1571 2784 2764 863 488 11 23 145 15 311 60674 12116 4 679 406 439 301 268 19 1 457 129 1236 864 352 111 172 241 0 80 12 153 13 89 145 0 724 2180 43 1101 133 619 1244 6 421 502 19 303 15 143 480 668 0 2242 222 1045 0 31 242 30 4851 810 976 289 135 235 1498 496 331 127 418 5290 1546 825 1353 0 121 425 23 305 255

4.49 5.55 0.16 0.07 0.13 0.27 0.22 0.13 0.31 0.26 0.02 0.45 0.55 0.20 0.26 21.35 26.32 0.57 0.76 0.09 0.07 0.44 0.52 0.12 0.09 0.16 0.74 0.18 0.21 0.24 0.19 1.39 1.72 0.00 0.18 0.16 0.26 0.19 0.23 0.06 0.00 0.68 0.55 0.30 0.39 1.03 1.34 0.45 0.35 0.18 0.22 0.69 0.82 0.07 0.15 0.14 0.18 0.00 69.77 0.38 0.48 0.00 0.13 0.59 0.02 0.03 1.05 0.90 1.25 1.00 0.13 0.01 0.66 0.54 0.05 0.07 0.02 0.01 0.18 0.22 0.00 0.80 0.05 0.10 0.11 0.16

Last

12-month

High

Change

Stock

0.05 0.03 0.05 0.00 0.01 0.02 0.00 0.02 0.03 0.04 0.24 0.28 0.02 0.01 0.00 0.00 0.01 0.04 0.07 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.15 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.04 0.12 0.06 0.00 0.99 0.81 0.09 0.13 0.01 0.02 0.00 0.00 0.07 0.03 0.11 0.10 0.01 0.00 0.02 0.15 0.04 0.00 0.00 0.01 0.02 0.01 0.05 0.00 0.00 0.01 0.00 0.01 0.02 0.06 0.11 0.00 0.00 0.02 0.01 0.01 0.78 0.00 0.01 0.01 0.00 0.01 0.02 0.00 0.00 0.02 0.02 0.01 0.01 0.01

0.60 0.50 3.29 0.15 0.18 5.55 4.53 0.33 0.41 0.97 5.96 7.64 0.36 0.53 0.99 0.55 0.34 1.33 1.63 0.10 0.64 0.09 0.09 0.13 0.30 0.40 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.08 2.98 0.40 0.65 3.60 2.79 0.44 18.30 18.11 4.31 5.75 1.25 0.99 0.32 0.25 1.35 0.51 1.28 1.68 0.10 0.14 0.22 1.00 1.01 0.04 0.69 0.38 0.56 0.39 0.89 1.22 0.25 0.36 0.05 0.40 0.48 2.82 3.60 0.20 0.16 0.22 0.16 0.11 7.50 0.12 0.14 0.36 0.30 3.27 2.35 0.14 0.18 0.70 0.53 0.01 0.27 0.20

0.13 0.10 1.91 0.08 0.11 0.55 0.46 0.09 0.13 0.47 2.40 3.17 0.03 0.04 0.46 0.06 0.08 0.60 0.82 0.02 0.17 0.02 0.03 0.04 0.12 0.16 0.00 2.38 0.08 0.11 0.03 0.21 0.29 0.00 0.87 0.00 0.21 0.96 0.66 0.18 9.09 7.71 1.78 2.22 0.48 0.35 0.04 0.03 0.40 0.38 0.43 0.78 0.03 0.14 0.04 0.13 0.01 0.01 0.05 0.12 0.17 0.13 0.06 0.00 0.12 0.05 0.02 0.11 0.09 0.64 0.87 0.06 0.06 0.05 0.05 0.04 0.95 0.04 0.06 0.16 0.11 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.11 0.09

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

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

0.15 0.26 0.01 0.01 0.04 0.03 0.03 0.00 0.00 0.01 0.01 0.01 0.00 0.04 0.03 0.14 0.09 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.02 0.04 0.09 0.03 0.03 0.01 0.00 0.03 0.08 0.00 0.02 0.00 0.03 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.03 0.07 0.10 0.02 0.02 0.02 0.01 0.06 0.09 0.01 0.01 0.04 0.03 0.00 0.39 0.01 0.00 0.00 0.01 0.06 0.00 0.00 0.07 0.05 0.03 0.10 0.02 0.00 0.02 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.11 0.01 0.01 0.00 0.00

7.55 9.99 0.16 0.16 0.44 0.71 1.12 0.19 0.39 0.90 0.11 0.57 0.70 0.31 0.42 31.22 41.09 0.66 0.82 0.24 0.21 1.15 1.19 0.16 0.13 0.26 0.90 0.25 0.26 0.30 0.22 3.04 4.17 0.60 0.34 0.25 0.44 0.32 0.45 0.11 0.15 1.44 1.10 0.42 0.57 1.36 1.64 0.48 0.52 0.37 0.30 1.10 1.40 0.10 0.26 0.19 0.25 0.10 71.34 0.62 0.76 0.19 0.26 0.75 0.08 0.10 1.61 1.22 1.51 1.75 0.27 0.05 0.98 0.80 0.08 0.09 0.03 0.02 0.26 0.33 1.16 1.60 0.15 0.26 0.40 0.20

4.16 5.25 0.13 0.06 0.06 0.08 0.06 0.02 0.17 0.10 0.00 0.22 0.30 0.08 0.06 18.64 23.63 0.26 0.32 0.08 0.06 0.23 0.15 0.06 0.04 0.06 0.50 0.05 0.08 0.04 0.04 1.24 1.56 0.10 0.10 0.06 0.10 0.08 0.10 0.05 0.05 0.62 0.47 0.20 0.25 0.31 0.42 0.37 0.04 0.08 0.10 0.27 0.31 0.04 0.04 0.03 0.04 0.02 51.97 0.07 0.10 0.02 0.05 0.35 0.02 0.03 0.26 0.18 0.70 0.00 0.04 0.00 0.43 0.27 0.01 0.02 0.01 0.00 0.06 0.09 0.41 0.55 0.05 0.08 0.10 0.09

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

B 4.20 4.22 5.16 5.18 0.15 0.16 + 0.06 0.06 0.12 0.12 0.22 0.23 0.17 0.18 0.11 0.12 0.28 0.29 unch 0.22 0.23 + 0.01 0.02 + 0.00 0.45 + 0.52 0.55 unch 0.18 0.18 0.21 0.23 20.80 20.89 + 25.62 25.70 0.56 0.56 0.65 0.69 unch 0.08 0.09 0.06 0.07 + 0.38 0.41 0.47 0.50 0.00 0.11 0.09 0.09 0.10 0.16 + 0.63 0.74 + 0.14 0.15 0.18 0.19 0.20 0.22 + 0.17 0.18 + 1.29 1.31 1.58 1.64 0.00 0.29 unch 0.00 0.17 0.14 0.15 0.22 0.22 0.00 0.17 0.21 0.21 0.06 0.06 0.00 0.06 unch 0.62 0.65 0.50 0.53 0.30 0.30 unch 0.34 0.39 + 0.87 0.96 + 1.07 1.21 + 0.39 0.42 + 0.31 0.35 + 0.16 0.17 0.20 0.21 0.00 0.62 + 0.69 0.81 + 0.06 0.07 + 0.13 0.15 + 0.10 0.14 + 0.12 0.16 + 0.00 0.04 unch 66.60 67.98 + 0.33 0.37 + 0.40 0.45 unch 0.00 0.10 unch 0.12 0.12 + 0.52 0.52 0.02 0.02 0.03 0.03 unch 0.94 0.95 0.76 0.76 1.03 1.20 + 0.84 0.85 0.11 0.12 0.01 0.01 0.60 0.62 0.47 0.50 0.04 0.05 + 0.00 0.07 + 0.01 0.02 + 0.01 0.01 + 0.16 0.18 0.20 0.21 unch 0.00 0.04 unch 0.67 0.78 + 0.05 0.05 + 0.08 0.09 0.11 0.11 unch 0.15 0.16 -

(100s)

High Low

Exc Volume

Week High

Low

Last

302 110 65 10 26 19 20 8858 230 484 352 190 4430 30 904 236 694 205 1039 11 54505 513 890 707 622 850 1070 191 696 191 101 96 4294 5 605 54 1 128 179 151

1.73 1.41 0.19 0.16 0.08 0.33 0.41 0.01 0.10 1.40 0.08 0.26 0.00 0.04 0.05 0.08 0.09 0.09 0.11 0.17 0.01 0.09 0.10 0.08 0.01 0.15 0.18 0.19 0.03 0.13 0.15 0.10 9.63 0.03 0.04 0.16 0.08 0.31 0.27 0.04

1.64 1.33 0.18 0.15 0.08 0.28 0.00 0.01 0.08 1.28 0.07 0.00 0.00 0.02 0.03 0.07 0.08 0.07 0.10 0.00 0.01 0.07 0.09 0.05 0.01 0.13 0.16 0.17 0.01 0.11 0.14 0.08 9.02 0.02 0.02 0.13 0.00 0.28 0.22 0.04

1.68 1.37 0.18 0.15 0.08 0.30 0.41 0.01 0.09 1.39 0.07 0.26 0.00 0.03 0.04 0.07 0.09 0.08 0.10 0.17 0.01 0.08 0.10 0.05 0.01 0.14 0.18 0.19 0.02 0.11 0.15 0.09 9.27 0.02 0.03 0.13 0.08 0.30 0.23 0.04

O 564 O 17 V 2457 O 218 V 1166 O 319 O 4 O 3 V 154 X 2060 T 2394 O 184 V 28 O 33 C 235 O 22 V 22 N 18514 T 4623 V 441 O 129 O 14 V 470 O 76 V 688 O 157 O 19 V 306 V 275 O 275 O 402 V 608 O 20 C 653 V 73 O 8 V 222 O 312 T 493 O 564 V 574 O 23 V 336 V 305 O 1 T 434 V 95 O 39 V 744 O 61 O 5 V 196 V 425 O 1 O 226 V 950 O 112 V 513 V 2609 O 76 V 695 O 191 O 181 V 952 V 200 O 102 O 3 T 8048 O 5 V 206 V 553 V 1 O 142 C 1425 C 828 O 185 V 402 V 179 O 57 C 285 V 498 V 270 V 15 C 4297 O 19 C 8 C 503 O 5 C 1414 O 595 O 546 T 250 O 5 T 3539 V 266 O 10 V 95 O 39 O 60 T 31 O 117 V 246 O 117 C 384 O 0 C 99 O 0 O 419 V 432 V 356 O 358 O 29 V 0 O 32 T 895 V 21 O 0 V 82 O 80 N 48316 V 328 O 13 V 1168 O 51 T 254 V 465 C 805 O 670 C 26 V 711 O 9 V 62 N 179946 O 44 V 2 V 1794

0.40 0.13 0.17 0.45 0.55 0.05 0.47 0.01 0.03 13.00 1.98 1.60 0.18 0.11 0.14 2.83 3.49 20.50 25.20 0.17 0.14 0.07 0.16 0.13 3.55 2.87 0.08 0.09 0.09 0.08 0.35 0.43 0.30 0.39 0.39 0.31 0.10 0.45 0.54 0.51 0.61 0.03 0.15 0.53 0.44 0.14 0.07 0.05 0.16 0.13 0.11 0.14 0.15 0.15 0.31 0.39 0.33 0.40 0.71 0.52 0.23 0.18 0.08 0.10 0.34 0.26 1.48 5.37 0.07 0.09 0.08 0.00 0.10 0.03 0.14 0.24 0.30 0.31 0.23 0.10 0.04 0.50 0.02 0.04 0.04 0.41 0.06 0.25 0.15 0.12 0.06 1.85 0.04 9.95 0.21 0.17 0.07 0.04 0.24 0.38 1.15 1.44 0.26 0.35 0.00 0.02 0.00 0.17 0.21 0.30 0.25 5.67 0.00 5.08 6.28 0.10 0.00 4.19 3.42 108.13 0.30 0.23 0.20 0.16 3.45 0.26 1.06 0.85 0.40 0.32 0.24 0.11 22.20 0.22 0.00 0.14

12-month Change

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

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

599 459 60 262 25573 442 541 25 509 1065 8 48 31 181 45 81 109 3797 14 8 26 7 60 55 71 36 859 2377 17998 38 2044 57 78 333 270 41 333 1150 469 1302 4705 196 379 512 19 57 162 7 41 42 95 268 406 434 1273 197 190 255 859 1134 22 210 438 164 243 1260 4 79 6 218 568 75 580 408

0.12 0.32 0.05 0.06 9.58 0.13 0.16 0.12 0.16 0.64 2.85 0.20 0.16 0.27 0.23 0.17 0.20 3.71 0.10 0.09 0.70 0.91 0.17 0.21 0.14 0.12 0.20 19.27 14.86 0.21 0.25 0.08 0.10 0.12 1.15 0.89 0.37 0.45 0.05 3.22 3.91 0.08 0.52 0.44 0.77 0.94 0.15 3.47 4.29 0.33 0.42 0.16 2.92 3.57 0.13 0.12 0.47 0.04 1.20 1.47 0.15 0.16 0.21 0.17 0.09 0.11 0.10 0.04 0.07 0.85 0.09 0.06 0.80 0.98

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res Deep-South Res* DeepRock Min Defense Metals* Defense Metals Defiance Silvr* Defiance Silvr Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng* Diamcor Mng Diamond Disc* Diamond Fields* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains East Africa East Africa * EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl Edison Cobalt* Edison Cobalt EEE Explor El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Eloro Res Eloro Res* Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Eminent Gold*

565 O 240 V 662 O 579 V 357 O 680 V 471 O V 33427 3643 O 698 C 752 O 1084 V 1527 O 1104 V 530 V 572 V 7493 T X 42308 45 O 176 V 259 V 2 O 295 O 565 V 1627 O 111 O 33 V 414 V 106 O 927 V O 235871 1287 V 1024 O 44 V 835 V 591 O 416 O 717 V 7 V 10 O 189 O 110 V 104 O 25 O 545 O 375 V 913 V 1900 V 1634 O 1075 N 2293 T 141 O 85 V 150 V 210 T 22 O 2 O 4 O 86 V 23 O 309 V 193 O 574 V 446 O 2157 C 32 O 88 V 41 V 97 V 0 O 5 V 79 O 137 T 815 V 48 O 138 C 38 O 458 C 6 V 82 O 1437 V 108 C 9079 O 32 O 11 V 95 V 45 O 5250 N 1560 T 75 O 469 V 291 O V 10042 6214 O 219 V 32 O V 15094 1674 O 1608 V 75 O 25 V 1 O

0.07 0.09 0.08 0.10 0.37 0.05 0.04 0.14 0.11 0.10 0.20 0.25 0.71 0.87 0.08 0.53 1.69 1.38 0.15 0.18 4.27 0.03 0.20 0.25 0.00 0.23 0.27 0.13 0.07 0.09 0.01 2.25 1.81 0.11 0.03 0.03 0.32 0.40 0.24 0.01 0.00 0.28 0.02 0.13 0.55 0.68 0.94 0.75 0.61 11.05 7.93 0.07 0.07 0.11 2.50 2.01 0.82 0.90 0.20 0.16 0.14 1.50 1.83 1.25 1.54 0.13 0.15 0.18 0.33 0.00 0.17 0.28 0.35 0.10 0.08 0.14 0.11 0.22 0.22 0.16 0.17 0.22 0.01 0.04 0.05 0.07 0.06 10.58 13.00 0.47 4.79 3.91 1.40 1.14 0.85 0.68 1.60 1.31 0.07 0.06 0.95 0.74

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

0.02 0.04 0.02 0.05 0.01 0.02 0.01 0.00 0.00 0.04 0.16 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.11 0.01 0.01 0.04 0.00 0.00 0.04 0.01

2.43 1.84 1.05 0.65 0.16 0.53 0.70 0.04 0.43 1.62 0.30 0.42 0.01 0.08 0.09 0.19 0.25 0.13 0.17 0.55 0.10 0.45 0.62 0.13 0.04 0.42 0.57 0.28 0.04 0.32 0.43 0.14 14.32 0.03 0.04 0.45 0.19 1.00 0.60 0.08

1.50 1.21 0.08 0.15 0.04 0.06 0.09 0.00 0.09 0.79 0.18 0.17 0.00 0.02 0.02 0.07 0.08 0.05 0.06 0.05 0.00 0.07 0.09 0.01 0.00 0.13 0.16 0.11 0.01 0.08 0.11 0.05 8.72 0.00 0.01 0.13 0.03 0.26 0.00 0.02

0.39 + 0.13 unch 0.17 unch 0.43 + 0.52 + 0.05 0.47 unch 0.01 0.02 12.34 + 1.81 1.48 0.17 + 0.10 0.13 2.75 + 3.44 + 19.95 + 24.51 + 0.16 0.14 + 0.02 unch 0.13 0.10 3.41 2.77 + 0.07 0.08 0.09 unch 0.07 + 0.32 0.40 0.24 0.36 + 0.38 + 0.29 + 0.10 unch 0.44 + 0.52 + 0.46 0.56 0.03 + 0.13 0.53 + 0.37 0.13 unch 0.07 unch 0.05 unch 0.14 0.11 0.11 unch 0.13 unch 0.15 0.15 unch 0.31 + 0.39 + 0.31 + 0.40 + 0.46 0.38 0.23 + 0.18 + 0.08 0.10 unch 0.30 0.26 + 1.48 unch 5.31 + 0.06 0.09 + 0.08 + 0.05 unch 0.09 0.03 unch 0.12 + 0.23 0.28 0.28 + 0.23 + 0.10 unch 0.04 + 0.48 0.02 unch 0.04 0.03 0.41 unch 0.05 0.25 + 0.15 + 0.12 + 0.04 1.81 0.04 + 9.75 + 0.20 0.17 0.06 unch 0.04 + 0.24 unch 0.24 1.14 + 1.40 0.25 + 0.32 + 0.01 unch 0.02 + 0.22 unch 0.15 0.18 0.30 + 0.23 + 5.61 + 0.09 unch 5.08 + 6.24 + 0.10 unch 0.10 unch 4.19 + 3.39 107.30 + 0.30 unch 0.22 0.19 unch 0.15 3.44 + 0.23 0.90 0.73 0.40 unch 0.32 + 0.20 0.11 + 21.20 + 0.20 + 0.07 unch 0.14 +

0.05 0.00 0.00 0.03 0.01 0.00 0.00 0.00 0.01 0.23 0.09 0.02 0.02 0.01 0.01 0.02 0.04 1.13 1.24 0.01 0.00 0.00 0.03 0.02 0.01 0.02 0.01 0.01 0.00 0.00 0.02 0.04 0.05 0.05 0.05 0.03 0.00 0.05 0.05 0.02 0.04 0.01 0.01 0.04 0.07 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.04 0.00 0.02 0.04 0.07 0.13 0.09 0.14 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.93 0.01 0.01 0.02 0.00 0.02 0.00 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.07 0.02 0.01 0.02 0.03 0.01 0.18 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.03 0.01 0.03 0.00 0.01 0.00 0.01 0.01 0.02 0.01 0.22 0.00 0.25 0.25 0.00 0.00 0.07 0.04 4.27 0.00 0.01 0.00 0.01 0.20 0.01 0.01 0.00 0.00 0.02 0.04 0.01 0.93 0.01 0.00 0.02

0.48 0.15 0.19 0.70 0.88 2.08 0.47 0.04 0.06 29.39 2.80 2.40 0.21 0.23 0.30 5.26 6.50 21.95 26.62 0.30 0.22 0.10 0.37 0.26 4.54 3.68 0.09 0.12 0.22 0.18 0.60 0.77 0.30 0.45 0.48 0.31 0.16 0.78 0.95 0.68 0.84 0.07 0.26 0.68 0.52 0.27 0.11 0.08 0.33 0.25 0.22 0.31 0.30 0.15 0.47 0.42 0.37 0.50 1.76 1.29 0.40 0.32 0.10 0.12 0.50 2.00 1.48 6.64 0.09 0.11 0.10 0.07 0.33 0.10 0.19 0.31 0.37 0.35 0.27 0.20 0.06 1.20 0.04 0.10 0.15 0.50 0.55 1.00 0.19 0.16 0.15 4.04 0.10 19.59 0.43 0.34 0.14 0.15 0.34 0.40 2.00 1.76 0.35 0.49 0.05 0.06 0.23 0.49 0.62 0.80 0.61 7.21 0.25 5.74 6.89 0.20 0.11 7.61 5.75 113.11 0.46 0.36 0.55 0.40 4.47 0.26 1.82 1.48 1.11 0.49 0.31 0.15 24.77 0.35 0.07 0.27

0.05 0.03 0.05 0.10 0.14 0.01 0.11 0.01 0.02 12.11 1.28 0.85 0.15 0.07 0.09 0.61 0.91 9.01 11.84 0.09 0.07 0.01 0.12 0.00 0.78 0.67 0.02 0.03 0.05 0.03 0.28 0.35 0.05 0.06 0.14 0.12 0.05 0.31 0.09 0.10 0.14 0.01 0.08 0.15 0.19 0.06 0.03 0.02 0.10 0.08 0.06 0.06 0.13 0.00 0.05 0.05 0.12 0.15 0.46 0.38 0.07 0.07 0.03 0.03 0.21 0.11 1.48 0.74 0.02 0.03 0.05 0.03 0.08 0.02 0.05 0.14 0.22 0.08 0.06 0.08 0.02 0.33 0.01 0.02 0.00 0.10 0.04 0.07 0.07 0.05 0.01 1.77 0.01 8.21 0.15 0.10 0.04 0.01 0.05 0.08 0.79 0.93 0.22 0.24 0.00 0.01 0.22 0.08 0.09 0.19 0.13 0.62 0.08 1.86 2.45 0.06 0.04 3.66 2.65 65.16 0.11 0.09 0.08 0.01 0.67 0.22 0.22 0.54 0.35 0.27 0.12 0.07 4.92 0.10 0.03 0.06

Exc Volume

Week

Stock

C 0.36 0.00 0.16 0.40 0.49 0.03 0.47 0.00 0.02 12.20 1.76 1.44 0.16 0.10 0.12 2.53 3.15 18.41 22.80 0.15 0.13 0.02 0.13 0.10 3.23 2.58 0.07 0.07 0.08 0.06 0.32 0.39 0.21 0.00 0.33 0.26 0.09 0.00 0.46 0.45 0.56 0.02 0.12 0.44 0.00 0.12 0.07 0.05 0.13 0.11 0.11 0.13 0.13 0.15 0.26 0.31 0.22 0.28 0.46 0.38 0.17 0.14 0.08 0.09 0.28 0.22 1.48 4.39 0.06 0.08 0.00 0.00 0.08 0.02 0.11 0.22 0.27 0.27 0.22 0.08 0.03 0.46 0.02 0.04 0.02 0.41 0.05 0.00 0.13 0.10 0.04 1.80 0.04 9.50 0.19 0.17 0.06 0.03 0.23 0.24 1.01 1.24 0.24 0.29 0.00 0.00 0.00 0.14 0.17 0.28 0.22 4.91 0.00 4.76 5.89 0.00 0.00 3.86 3.16 103.93 0.28 0.22 0.18 0.14 3.26 0.22 0.86 0.71 0.40 0.28 0.00 0.10 20.35 0.17 0.00 0.12

(100s)

High Low

High

Low

Last

12-month Change

+ 0.09 0.11 + 0.29 0.32 + 0.04 0.05 0.05 0.06 unch 8.83 8.87 0.12 0.12 0.15 0.15 0.11 0.11 0.13 0.14 0.50 0.55 2.85 2.85 unch 0.19 0.20 0.16 0.16 0.25 0.26 0.20 0.20 0.16 0.17 unch 0.20 0.20 3.40 3.47 0.00 0.10 0.00 0.08 0.70 0.70 unch 0.00 0.90 unch 0.15 0.15 0.00 0.19 0.13 0.13 0.11 0.11 0.16 0.19 unch + 16.67 17.84 + 12.91 14.68 0.20 0.20 unch 0.22 0.24 unch + 0.00 0.07 0.09 0.09 unch + 0.06 0.07 0.94 1.07 0.77 0.83 0.31 0.33 0.39 0.40 0.04 0.04 + 2.62 3.11 + 3.41 3.82 0.05 0.05 0.47 0.48 0.36 0.39 + 0.73 0.76 0.87 0.87 + 0.14 0.15 + 3.24 3.41 4.01 4.08 + 0.30 0.33 + 0.38 0.41 + 0.13 0.16 + 2.53 2.87 + 3.14 3.47 0.10 0.12 0.09 0.09 0.42 0.44 0.03 0.03 unch 1.05 1.06 1.29 1.30 0.14 0.15 unch 0.15 0.16 + 0.16 0.20 + 0.13 0.17 + 0.07 0.08 + 0.10 0.11 0.10 0.10 unch 0.04 0.04 0.07 0.07 unch + 0.70 0.81 0.07 0.07 0.06 0.06 unch + 0.74 0.76 + 0.91 0.93

High Low

0.01 0.02 0.00 0.00 0.38 0.02 0.02 0.01 0.02 0.07 0.00 0.02 0.02 0.01 0.01 0.00 0.01 0.04 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.00 0.00 0.44 1.53 0.00 0.00 0.01 0.00 0.01 0.02 0.03 0.03 0.05 0.01 0.34 0.39 0.02 0.01 0.01 0.01 0.08 0.04 0.18 0.07 0.03 0.01 0.01 0.27 0.24 0.01 0.02 0.04 0.00 0.11 0.15 0.00 0.02 0.01 0.03 0.00 0.01 0.00 0.01 0.00 0.08 0.01 0.00 0.02 0.02

0.21 0.82 0.14 0.17 12.60 0.14 0.17 0.35 0.44 0.94 3.25 0.32 0.21 0.50 0.39 0.23 0.32 9.85 0.14 0.17 2.55 1.40 0.50 0.44 0.36 0.26 0.30 18.93 15.89 0.27 0.35 0.20 0.28 0.25 1.19 0.89 0.53 0.66 0.07 4.20 5.07 0.60 0.82 0.65 1.70 2.21 0.20 5.00 6.53 0.40 0.51 0.35 3.29 4.26 0.29 0.25 2.53 0.16 1.52 1.79 1.22 0.50 0.36 0.29 0.14 0.18 0.20 0.06 0.08 0.85 0.38 0.17 2.00 2.45

0.04 0.21 0.02 0.04 4.42 0.04 0.05 0.09 0.11 0.50 2.00 0.09 0.06 0.18 0.13 0.14 0.17 0.57 0.06 0.01 0.03 0.55 0.00 0.12 0.08 0.10 0.05 3.66 7.97 0.10 0.14 0.06 0.09 0.01 0.11 0.11 0.06 0.09 0.01 0.42 0.56 0.04 0.16 0.12 0.72 0.88 0.07 2.19 3.02 0.12 0.16 0.12 1.71 2.17 0.06 0.07 0.29 0.02 0.21 0.28 0.01 0.15 0.03 0.04 0.03 0.04 0.00 0.04 0.03 0.17 0.06 0.05 0.16 0.22

0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.09 0.07 0.01 0.00 0.01 0.10 0.15 0.00 0.01 0.06 0.04 0.01 0.01 0.33 0.00 0.02 0.03 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.10 0.04 0.01 0.00 0.01 0.02 0.01 0.11 0.00 0.00 0.02 0.00 0.02 0.03 0.01 0.03 0.01 0.01 0.08 0.02 0.01 0.01 0.00 0.08 0.08 0.00 0.01 0.01 0.01 0.00 0.12 0.16 0.02 0.01 0.01 0.02 0.01 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.04 0.04 0.02 0.00 0.02 0.02 0.05 0.00 0.00 0.01 0.01 0.01 0.05 0.23 0.07 0.14 0.11 0.36 0.32 0.09 0.09 0.31 0.24 0.00 0.00 0.10 0.00

0.16 0.20 0.16 0.20 0.47 0.14 0.10 0.30 0.23 0.11 0.59 0.75 0.91 1.07 0.29 0.69 2.29 1.81 0.26 0.35 4.59 0.05 0.20 0.25 0.01 1.00 1.25 0.24 0.13 0.16 0.04 2.84 2.23 0.12 0.05 0.04 0.55 0.59 0.40 0.02 0.03 0.41 0.09 0.51 0.91 1.17 1.33 0.91 0.80 18.05 10.73 0.13 0.18 0.20 2.98 2.49 3.00 1.10 0.35 0.20 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.58 0.39 0.17 0.43 0.57 0.10 0.09 0.11 0.09 0.31 0.27 0.42 0.25 0.20 0.02 0.05 0.07 0.19 0.16 14.49 18.90 0.47 5.88 4.65 2.09 1.54 0.80 0.68 1.60 1.31 0.16 0.12 1.05 0.87

0.02 0.03 0.03 0.03 0.22 0.04 0.02 0.08 0.09 0.02 0.10 0.14 0.14 0.20 0.06 0.42 0.41 0.30 0.09 0.12 0.42 0.01 0.05 0.06 0.00 0.06 0.09 0.06 0.03 0.05 0.00 0.86 1.67 0.06 0.01 0.01 0.21 0.21 0.12 0.00 0.00 0.17 0.00 0.03 0.43 0.60 0.57 0.12 0.06 8.73 7.22 0.05 0.06 0.07 1.64 1.26 0.82 0.42 0.07 0.05 0.10 0.20 0.26 0.07 0.05 0.02 0.03 0.12 0.10 0.07 0.09 0.21 0.29 0.03 0.02 0.05 0.03 0.10 0.12 0.09 0.03 0.17 0.00 0.01 0.03 0.03 0.02 8.85 12.07 0.32 0.63 0.47 0.78 0.61 0.31 0.23 0.08 0.05 0.06 0.04 0.22 0.47

D-F 0.06 0.07 0.08 0.09 unch 0.06 0.06 0.08 0.09 0.33 0.34 + 0.04 0.05 + 0.04 0.04 0.04 0.05 0.03 0.04 + 0.08 0.09 + 0.17 0.20 0.21 0.25 0.57 0.58 0.69 0.71 0.06 0.07 unch + 0.43 0.46 1.54 1.61 1.25 1.32 + 0.00 0.14 + 0.16 0.17 + 3.84 4.18 0.03 0.03 unch + 0.17 0.20 + 0.20 0.25 + 0.00 0.00 0.21 0.21 0.00 0.27 + 0.09 0.13 0.06 0.06 0.08 0.08 0.00 0.00 2.06 2.11 1.67 1.73 + 0.10 0.11 0.03 0.03 unch 0.02 0.02 0.28 0.29 0.35 0.37 0.00 0.24 0.00 0.01 unch 0.00 0.00 unch 0.25 0.26 + 0.01 0.01 + 0.09 0.13 0.51 0.51 0.63 0.64 0.83 0.88 + 0.69 0.72 + 0.56 0.59 + 10.45 10.75 + 7.40 7.58 0.06 0.06 0.00 0.07 0.11 0.11 unch + 2.37 2.50 + 1.90 2.01 0.82 0.82 unch + 0.70 0.90 0.19 0.19 + 0.15 0.16 0.12 0.14 unch + 1.30 1.45 + 1.62 1.80 0.99 1.19 1.20 1.48 0.12 0.12 0.13 0.14 0.17 0.18 0.00 0.30 0.00 0.26 unch 0.17 0.17 unch 0.27 0.28 0.33 0.34 + 0.09 0.10 + 0.06 0.08 + 0.10 0.14 + 0.06 0.11 + 0.19 0.21 0.22 0.22 unch 0.09 0.11 0.14 0.14 + 0.17 0.22 + 0.01 0.01 0.04 0.04 0.05 0.05 0.06 0.06 + 0.04 0.05 10.08 10.19 12.40 12.54 + 0.40 0.47 + 4.25 4.52 + 3.42 3.62 + 1.10 1.37 + 0.86 1.12 + 0.69 0.84 + 0.00 0.68 + 0.90 1.20 + 0.74 0.95 0.06 0.07 unch + 0.05 0.06 + 0.80 0.95 0.74 0.74 unch

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

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

X 697 V 23 O 56 V 928 V 910 T 3824 O 187 N 10265 T 1740 O 350 V 323 V 503 O 302 T 1863 X 17102 V 32 V 385 O 205 O 269 T 859 X 13424 T 5291 O 1 V 418 V 477 O 523 T 484 O 227 O 32 V 310 T 944 N 52 O 220 V 169 V 169 V 1057 O 484 V 516 O 1022 V 1229 O 4 C 134 V 100 O 21 T 525 O 131 T 77 O 1 O 5 V 22 O 3 V 793 O 86 O 131 C 697 C 158 O 22 V 278 X 279 T 325 O 643 T 1123 O 13 V 104 O 841 C 1 O 0 V 1720 O 1725 V 252 O 176 V 400 O 127 V 1302 C 1372 O 346 C 333 O 577 C 483 O 3 V 212 V 743 O 74 V 873 O 288 O 189 V 308 V 631 O 584 O 0 V 386 O 62 V 357 O 1256 V 742 C 575 O 65 V 6 N 16025 T 2643 T 16359 O 17615 O 200 T 9342 C 67 O 9 V 407 O 423 V 896 O 488 O 2485 T 5171 V 2671 O 42 O 0 V 417 C 1 O 15 O 394 V 785 V 1529 O 180 V 1275 T 420 V 8 O 13 T 3491 N 12543 V 216 O 29 T 1147 O 363 C 98 O 895 V 805 V 575 V 1 C 163 O 20 C 4 O 0 V 376 N 2685 T 1795 O 246 T 1021 O 114 C 176 N 133399 V 587 V 713 O 77 V 436 V 121 V 43 O 89 T 201 X 703 O 224 V 237

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Galane Gold Galane Gold * Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor*

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

THE NORTHERN MINER / JULY 5–18, 2021

Week High

Low

3.09 3.82 0.05 0.07 1.50 29.57 23.60 6.64 8.23 0.28 0.35 0.24 0.19 8.18 6.66 0.06 0.04 0.04 0.81 1.05 8.05 9.95 0.07 0.08 0.24 0.19 0.38 0.31 0.14 0.17 26.26 21.41 0.07 0.09 0.09 2.41 1.94 0.16 0.30 0.37 0.29 0.37 0.49 0.40 0.39 0.31 0.07 0.05 0.17 0.23 0.11 0.31 0.25 0.10 0.10 0.06 0.04 0.37 2.62 3.06 0.51 0.63 0.07 0.13 1.08 9.75 0.00 0.16 0.13 0.39 0.32 0.10 0.08 0.14 0.14 0.12 0.64 0.24 0.30 0.07 0.10 10.48 8.45 0.13 0.10 0.98 1.21 0.40 0.32 0.17 0.19 0.65 0.77 0.26 0.32 0.33 0.26 0.10 16.35 20.27 0.49 0.41 0.60 28.60 0.09 0.08 0.70 0.57 0.12 0.10 0.51 0.61 0.06 0.05 0.00 0.09 0.00 0.11 0.07 0.09 0.22 2.00 2.44 0.88 0.36 17.45 7.36 5.95 0.71 0.59 0.15 0.12 0.16 0.33 0.41 1.33 0.00 0.60 0.47 0.52 0.00 0.62 149.96 184.19 0.03 0.64 0.29 0.35 38.55 0.24 0.03 11.60 0.84 0.04 0.48 0.39 1.55 1.27 0.08 0.09

2.92 3.64 0.04 0.00 1.33 27.07 23.18 6.13 7.54 0.22 0.28 0.21 0.17 7.31 5.90 0.00 0.04 0.03 0.72 0.89 7.11 8.78 0.07 0.08 0.20 0.16 0.36 0.29 0.00 0.14 23.35 18.91 0.07 0.09 0.09 2.07 1.68 0.14 0.22 0.27 0.29 0.33 0.00 0.39 0.36 0.29 0.06 0.05 0.14 0.00 0.10 0.25 0.22 0.08 0.08 0.04 0.00 0.34 2.23 2.74 0.46 0.56 0.07 0.09 0.91 9.50 0.00 0.14 0.12 0.37 0.30 0.00 0.07 0.11 0.13 0.10 0.51 0.22 0.26 0.00 0.09 9.31 7.63 0.11 0.09 0.91 1.12 0.33 0.27 0.00 0.15 0.63 0.72 0.24 0.30 0.27 0.21 0.10 15.49 19.04 0.39 0.31 0.38 25.68 0.07 0.07 0.54 0.43 0.11 0.08 0.44 0.54 0.05 0.05 0.00 0.07 0.00 0.05 0.07 0.09 0.17 1.67 2.06 0.76 0.35 0.00 6.87 5.58 0.00 0.00 0.13 0.11 0.15 0.29 0.37 1.22 0.00 0.57 0.47 0.00 0.00 0.56 144.42 177.42 0.02 0.57 0.24 0.30 35.13 0.20 0.03 11.20 0.78 0.03 0.35 0.22 1.46 1.19 0.07 0.09

Last

12-month Change

Stock

Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls Genesis Mtls* Genius Metals Gensource Pot Geomega Res* Geomega Res Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GGL Res* GGL Res GGX Gold* GGX Gold Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake Glacier Lake* Gldn Predator Gldn Predator* Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Gold* Global Li-Ion* Global Li-Ion GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Golcap Res Gold Basin Res Gold Bull Res* Gold Bull Res Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold Std Vents* Gold Std Vents Gold X Mining Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbank Mng* Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Dawn Ml* Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia* Gran Colombia Granada Gold Granada Gold* Grande Portage* Grande Portage Granite Creek* Granite Creek Graphite One Graphite One* Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Lakes Gr* Great Panther Great Panther* Great Quest Fe Great Thunder* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenshield Ex Grenville Gold Grenville Gold* Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Group Eleven Group Ten Mtls*

3.03 + 3.74 + 0.05 + 0.05 1.40 + 27.21 23.34 unch 6.13 7.56 0.22 0.32 0.22 0.19 + 7.56 6.11 0.06 unch 0.04 unch 0.03 0.73 0.90 7.19 8.84 0.07 unch 0.08 + 0.21 unch 0.17 0.38 + 0.31 + 0.13 + 0.16 + 25.14 + 20.47 + 0.07 0.09 unch 0.09 unch 2.30 1.89 + 0.16 + 0.27 + 0.33 + 0.29 unch 0.34 0.48 0.39 0.38 unch 0.31 + 0.07 + 0.05 unch 0.17 + 0.23 + 0.11 + 0.25 0.22 0.09 + 0.10 + 0.05 unch 0.03 0.36 + 2.24 2.76 0.47 0.58 0.07 unch 0.10 unch 0.95 + 9.75 + 7.99 unch 0.15 unch 0.12 + 0.38 0.32 + 0.09 0.08 + 0.14 + 0.14 0.11 + 0.55 + 0.23 + 0.28 + 0.07 unch 0.10 + 9.99 + 8.08 + 0.13 0.10 0.94 + 1.18 + 0.34 unch 0.28 + 0.17 0.19 + 0.63 unch 0.75 unch 0.25 + 0.32 + 0.27 0.22 0.10 unch 15.76 19.38 0.44 + 0.36 + 0.47 + 28.52 + 0.08 0.07 0.69 + 0.57 + 0.12 0.10 + 0.47 + 0.59 + 0.06 unch 0.05 0.08 unch 0.08 0.06 unch 0.11 unch 0.07 0.09 unch 0.17 1.85 + 2.26 + 0.79 0.35 unch 17.30 + 6.91 5.61 0.70 0.56 0.14 unch 0.12 + 0.15 0.31 0.38 1.26 0.46 unch 0.60 + 0.47 unch 0.52 0.43 unch 0.59 + 145.23 178.59 0.03 0.60 0.29 + 0.34 + 37.24 + 0.20 0.03 unch 11.23 0.78 0.03 unch 0.41 0.33 1.47 1.19 0.07 0.09 -

0.12 0.07 0.01 0.01 0.06 2.29 0.00 0.41 0.54 0.06 0.03 0.01 0.00 0.16 0.12 0.00 0.00 0.00 0.10 0.12 0.68 1.02 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.01 1.63 1.57 0.01 0.00 0.00 0.01 0.03 0.01 0.04 0.03 0.00 0.01 0.02 0.05 0.00 0.00 0.01 0.00 0.01 0.02 0.01 0.06 0.03 0.04 0.02 0.00 0.03 0.01 0.19 0.26 0.01 0.02 0.00 0.00 0.03 0.25 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.03 0.01 0.01 0.00 0.01 0.39 0.33 0.01 0.00 0.01 0.03 0.00 0.01 0.04 0.04 0.00 0.00 0.01 0.02 0.07 0.05 0.00 0.42 0.67 0.06 0.06 0.01 2.61 0.01 0.00 0.09 0.09 0.01 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.03 0.08 0.07 0.11 0.00 0.60 0.34 0.23 0.06 0.05 0.00 0.01 0.03 0.00 0.01 0.02 0.00 0.03 0.00 0.09 0.00 0.02 0.05 2.66 0.00 0.04 0.02 0.02 2.28 0.01 0.00 0.37 0.06 0.00 0.03 0.02 0.06 0.04 0.00 0.01

3.81 4.83 0.10 0.12 1.63 39.21 30.33 7.76 9.32 0.35 0.44 0.38 0.28 9.75 7.83 0.21 0.08 0.05 0.90 1.12 13.66 17.99 0.27 0.37 0.33 0.25 0.71 0.55 0.19 0.25 29.76 22.30 0.10 0.13 0.13 3.14 2.49 0.92 0.30 0.37 0.34 0.48 0.85 0.66 0.63 0.49 0.24 0.16 0.39 0.60 1.02 0.95 0.71 0.90 0.23 0.15 0.11 0.62 3.90 6.15 0.94 1.19 0.11 0.20 1.35 10.50 8.34 0.40 0.60 0.60 0.72 0.25 0.19 0.17 0.31 0.24 0.88 0.56 0.63 0.11 0.17 11.97 9.85 0.15 0.26 1.33 1.75 0.40 0.34 0.25 0.30 0.97 1.31 0.37 0.46 0.62 0.31 0.10 24.01 30.75 0.60 0.47 0.76 35.07 0.18 0.14 0.76 1.10 0.17 0.13 0.57 0.69 0.07 0.05 0.21 0.27 0.20 0.36 0.22 0.28 0.48 2.15 2.63 1.12 0.43 20.40 12.61 9.85 1.56 1.21 0.27 0.22 0.38 0.40 0.46 5.34 0.60 0.60 0.47 0.73 0.57 0.94 166.11 222.15 0.15 1.95 0.89 0.84 46.10 0.95 0.17 18.11 1.39 0.04 0.65 0.57 7.78 3.94 0.26 0.33

1.92 2.63 0.02 0.02 0.20 23.12 18.11 2.01 2.73 0.05 0.06 0.13 0.10 1.91 1.42 0.05 0.03 0.02 0.27 0.37 7.11 8.78 0.06 0.05 0.08 0.06 0.32 0.24 0.02 0.03 15.98 18.80 0.05 0.07 0.07 0.21 0.15 0.14 0.08 0.12 0.16 0.23 0.06 0.33 0.29 0.20 0.01 0.00 0.14 0.15 0.01 0.22 0.00 0.03 0.05 0.02 0.01 0.28 2.20 2.75 0.45 0.56 0.06 0.08 0.19 3.90 3.33 0.05 0.07 0.33 0.16 0.08 0.02 0.06 0.05 0.04 0.51 0.15 0.15 0.04 0.06 1.60 1.00 0.04 0.05 0.74 0.95 0.09 0.10 0.02 0.11 0.36 0.48 0.09 0.12 0.14 0.21 0.07 8.78 12.04 0.33 0.25 0.12 9.08 0.05 0.03 0.24 0.17 0.04 0.03 0.14 0.19 0.02 0.01 0.03 0.05 0.05 0.04 0.01 0.02 0.11 0.12 0.10 0.12 0.10 9.29 6.25 4.55 0.67 0.10 0.06 0.04 0.11 0.06 0.08 1.07 0.37 0.11 0.15 0.06 0.05 0.17 105.62 133.63 0.00 0.52 0.18 0.28 10.44 0.15 0.03 10.08 0.19 0.01 0.15 0.00 1.44 1.08 0.02 0.03

0.42 0.51 0.24 + 0.30 + 0.22 + 0.18 + 0.78 + 0.64 + 1.29 1.05 0.09 + 0.12 + 0.02 unch 0.16 + 0.20 + 0.73 0.89 0.20 + 0.24 + 0.35 + 0.43 + 0.38 unch 0.32 +

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

0.87 1.20 0.40 0.52 0.41 0.30 0.94 0.78 2.80 2.12 0.14 0.20 0.03 3.95 0.39 1.57 2.09 0.29 0.36 0.62 0.83 0.86 0.70

0.25 0.35 0.15 0.20 0.14 0.10 0.22 0.16 1.28 1.01 0.04 0.06 0.01 0.09 0.12 0.38 0.53 0.06 0.06 0.20 0.39 0.38 0.30

G-H 82 134 146 427 617 539 165 42 362 5901 378 1489 62 84 256 148 400 117 365 56 532 191 40

0.46 0.54 0.27 0.34 0.24 0.19 0.79 0.65 1.42 1.15 0.10 0.12 0.02 0.18 0.20 0.76 0.94 0.21 0.25 0.36 0.44 0.40 0.33

0.00 0.49 0.23 0.00 0.20 0.16 0.71 0.54 1.27 1.03 0.08 0.11 0.02 0.10 0.00 0.70 0.85 0.19 0.21 0.32 0.39 0.37 0.30

(100s)

High Low

Exc Volume T 113 N 4785 C 1231 T 1758 O 393 O 13 C 223 V 390 O 65 C 61 V 309 O 71 V 600 O 180 C 123 V 40 V 385 O 820 O 1 V 491 O 9 V 72 V 219 O 239 V 289 O 24 O 273 V 3020 V 174 V 174 O 3 V 746 O 522 O 20 V 332 O 162 O 1250 O 510 T 1829 O 422 V 275 O 29 V 110 O 1 O 115 C 510 O 1 O 108 T 514 O 72 V 122 O 3698655 O 14 C 99 V 177 T 2770 C 154 C 446 O 28 V 174 O 5 N 37520 O 101 V 321 C 71 V 400 O 33 C 468 O 589 V 2807 C 410 O 275 V 260 X 14766 X 3837 X 3236 T 539 V 100 C 218 V 793 O 559 V 3 O 0 V 52 V 130 O 49 V 68 O 45 O 43 C 631 O 25 V 108 V 1033 O 766 V 1 V 40 O 4 C 329 O 354 C 496 T 227 X 4812 O 14 V 227 V 1204 V 168 V 7 T 98 O 1 X 1619 O 0 V 517 O 363 V 23 O 5 V 34 O 8 O 105 T 103 O 122 O 2 V 756 T 603 V 385 O 144 V 262 V 472 C 302 O 60 O 415 C 33 O 40 O 193 V 1588 V 146 V 239 O 1 O 235 V 218 V 545 V 2941 O 2114 V 238 O 74 O 1 V 167 O 410 V 583 O 356 T 1494 V 3048 O 416 O 239 V 581 O 798 V 637 V 108 O 184 O 829 V 2830 C 313 V 96 O 66 V 175 O 105 T 319 X 4548 V 428 O 115 V 653 O 2 C 376 V 97 V 36 V 52 C 122 O 2229 V 5 C 592 O 1 O 162 V 541 O 13 V 118 V 412 O 690

Week

12-month

High

Low

Last

Change

24.49 19.83 0.60 1.03 0.83 0.40 0.52 0.19 0.15 0.20 0.23 0.28 0.36 0.48 0.60 0.07 0.14 0.12 0.17 0.20 0.12 0.14 0.38 0.33 0.11 0.07 0.33 0.41 0.30 0.30 0.27 0.17 0.14 0.06 0.08 4.46 8.79 2.52 3.11 0.30 0.38 0.21 0.26 1.50 0.10 0.11 0.15 1.10 1.38 0.30 0.36 0.00 0.57 0.85 0.31 3.33 0.17 0.40 0.37 0.46 9.45 9.36 0.12 0.14 0.50 0.32 0.16 0.19 1.89 2.35 0.13 1.56 2.00 2.67 7.08 0.59 0.72 3.62 0.13 0.09 0.10 0.18 0.00 0.02 0.11 0.09 0.18 0.15 0.00 0.15 0.10 0.13 0.08 0.07 0.00 0.36 0.29 0.28 0.23 0.40 0.83 0.70 0.11 0.17 0.33 4.25 0.14 3.91 2.85 3.19 0.37 0.39 0.32 6.45 5.20 0.08 0.06 0.04 0.04 0.46 0.22 0.28 1.86 0.32 0.30 0.18 0.25 0.05 0.04 0.05 0.19 0.16 0.85 0.92 1.22 0.14 0.12 0.76 0.93 0.28 0.28 0.23 0.28 0.22 0.12 0.13 0.52 0.64 4.44 5.51 0.18 0.15 0.57 0.71 0.21 0.25 1.39 1.14 1.20 1.48 0.72 0.62 12.26 15.31 0.01 0.84 0.69 0.13 0.41 0.20 0.04 0.06 0.06 0.72 0.15 0.23 0.08 0.17 0.17 0.12 0.19 0.23 0.05 0.06 0.14 0.34

21.70 17.44 0.42 0.94 0.76 0.39 0.46 0.18 0.14 0.18 0.21 0.26 0.32 0.43 0.52 0.06 0.13 0.10 0.17 0.17 0.10 0.12 0.35 0.28 0.08 0.07 0.28 0.33 0.19 0.30 0.27 0.17 0.13 0.06 0.07 4.10 8.21 2.21 2.73 0.25 0.31 0.20 0.24 1.01 0.08 0.10 0.15 0.94 1.11 0.27 0.33 0.00 0.28 0.00 0.24 3.02 0.16 0.36 0.32 0.40 0.00 8.95 0.10 0.13 0.50 0.26 0.14 0.17 1.65 2.02 0.11 1.45 0.00 2.50 4.29 0.56 0.68 3.55 0.12 0.08 0.00 0.18 0.00 0.02 0.10 0.08 0.17 0.13 0.00 0.13 0.09 0.12 0.07 0.05 0.00 0.00 0.00 0.25 0.20 0.34 0.74 0.61 0.11 0.13 0.29 3.98 0.13 3.69 2.85 3.00 0.00 0.33 0.27 6.36 5.15 0.00 0.00 0.03 0.04 0.38 0.00 0.20 1.75 0.28 0.23 0.18 0.21 0.04 0.00 0.04 0.16 0.00 0.66 0.80 1.03 0.13 0.12 0.64 0.79 0.22 0.24 0.19 0.21 0.17 0.09 0.10 0.47 0.58 4.07 5.01 0.14 0.11 0.50 0.62 0.16 0.21 1.27 1.04 1.02 1.27 0.67 0.53 11.81 14.53 0.01 0.80 0.66 0.11 0.33 0.18 0.04 0.00 0.06 0.60 0.14 0.20 0.08 0.17 0.12 0.00 0.16 0.18 0.04 0.06 0.11 0.29

22.15 17.76 0.56 + 0.98 0.81 + 0.39 unch 0.52 + 0.18 0.14 0.19 0.23 0.27 0.32 0.45 0.55 0.07 + 0.14 + 0.11 + 0.17 unch 0.19 + 0.10 0.13 0.36 0.29 0.11 + 0.07 unch 0.33 + 0.37 0.30 + 0.30 unch 0.27 unch 0.17 0.14 0.06 unch 0.08 unch 4.39 + 8.71 + 2.40 + 2.94 unch 0.28 + 0.34 0.20 0.25 1.50 + 0.09 + 0.10 0.15 unch 1.02 1.27 0.27 0.34 0.00 0.38 + 0.49 + 0.24 3.26 + 0.17 + 0.39 + 0.37 + 0.44 + 8.85 9.06 0.11 + 0.14 + 0.50 unch 0.30 + 0.16 unch 0.19 + 1.78 + 2.17 0.13 1.53 + 1.89 + 2.56 + 5.85 + 0.58 + 0.72 unch 3.61 unch 0.13 unch 0.08 unch 0.07 + 0.18 unch 0.10 unch 0.02 unch 0.10 0.09 + 0.18 + 0.14 0.00 0.15 + 0.10 + 0.12 0.08 unch 0.06 0.21 unch 0.35 + 0.29 + 0.26 + 0.21 0.38 0.77 0.62 0.11 unch 0.17 + 0.31 + 4.20 + 0.13 unch 3.91 + 2.85 unch 3.17 + 0.37 unch 0.37 0.30 + 6.40 5.20 + 0.08 + 0.06 0.03 0.04 + 0.46 + 0.22 + 0.28 + 1.85 + 0.31 unch 0.25 + 0.18 unch 0.25 + 0.04 0.04 + 0.04 0.17 0.16 unch 0.66 + 0.80 1.10 0.14 + 0.12 0.65 0.80 0.27 + 0.28 + 0.22 + 0.26 + 0.22 + 0.12 unch 0.13 + 0.49 0.60 4.12 5.06 0.14 0.11 0.52 0.64 0.19 + 0.24 + 1.33 + 1.10 + 1.18 + 1.46 + 0.67 0.55 11.90 14.68 0.01 + 0.80 0.66 0.11 0.40 + 0.19 0.04 0.06 unch 0.06 unch 0.71 + 0.14 0.20 0.08 + 0.17 unch 0.12 0.11 0.18 0.21 0.04 0.06 unch 0.12 0.29 -

1.12 0.97 0.10 0.01 0.02 0.00 0.04 0.01 0.01 0.01 0.01 0.01 0.02 0.04 0.05 0.01 0.01 0.00 0.00 0.02 0.02 0.01 0.02 0.01 0.02 0.00 0.02 0.03 0.13 0.00 0.00 0.01 0.01 0.00 0.00 0.27 0.58 0.05 0.00 0.01 0.01 0.00 0.01 0.49 0.01 0.01 0.00 0.08 0.10 0.03 0.04 0.00 0.10 0.04 0.06 0.20 0.01 0.02 0.02 0.01 0.60 0.11 0.01 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.01 0.08 0.14 0.02 1.05 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.03 0.03 0.01 0.01 0.01 0.06 0.09 0.00 0.04 0.02 0.05 0.00 0.24 0.00 0.15 0.00 0.01 0.01 0.10 0.02 0.01 0.00 0.00 0.01 0.03 0.02 0.04 0.05 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.02 0.00 0.01 0.02 0.10 0.01 0.00 0.03 0.07 0.06 0.01 0.01 0.01 0.05 0.00 0.01 0.00 0.01 0.00 0.15 0.01 0.00 0.04 0.05 0.00 0.01 0.01 0.06 0.13 0.16 0.05 0.07 0.10 0.20 0.00 0.02 0.01 0.02 0.00 0.01 0.01 0.00 0.00 0.07 0.01 0.03 0.01 0.00 0.04 0.04 0.01 0.02 0.01 0.00 0.02 0.01

(100s)

High Low

Stock

31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.40 0.38 0.32 0.25 0.47 0.60 0.58 0.69 0.11 0.31 0.24 0.29 0.45 0.22 0.30 2.44 1.84 0.21 0.14 0.70 0.87 0.29 0.46 0.28 0.48 0.37 0.09 0.12 4.94 9.48 2.94 3.34 1.52 1.93 0.28 0.35 2.70 0.21 0.27 0.80 1.24 1.49 0.36 0.45 0.00 1.74 2.40 0.37 3.55 0.60 0.50 0.56 0.71 15.00 14.90 0.23 0.23 0.95 0.76 0.52 0.68 2.65 3.12 0.30 2.02 2.70 5.04 6.70 1.14 1.50 4.62 0.35 0.14 0.11 0.19 0.11 0.05 0.16 0.13 0.22 0.20 0.01 0.26 0.14 0.20 0.38 0.32 0.44 0.50 0.35 0.72 0.57 0.70 1.65 1.30 0.25 0.36 0.41 5.44 0.20 6.89 3.49 5.20 5.10 0.65 0.60 8.32 6.43 0.12 1.10 0.07 0.10 0.87 0.25 0.33 3.85 1.14 0.86 0.20 0.50 0.08 0.05 0.10 0.59 0.43 0.85 0.98 1.90 0.30 0.16 0.78 0.96 0.35 0.39 0.32 0.51 0.39 0.13 0.15 0.74 0.95 6.61 8.40 0.34 0.26 0.65 0.78 0.24 0.29 2.40 1.89 1.51 1.84 2.86 0.88 14.89 19.83 0.02 1.47 1.16 0.17 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.70 0.30 0.20 0.35 0.28 0.27 0.34 0.07 0.10 0.18 0.50

Group Ten Mtls GrowMax Res* GSP Resource GTA Resources* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl Guyana Goldstr* Guyana Goldstr Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor* Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Headwater Gold Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl Heron Res* Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* HiHo Silver HiHo Silver* Hochschild Mg* Honey Badger Honey Badger* Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold i-80 Gold*

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

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

7.77 5.78 0.16 0.39 0.22 0.28 0.09 0.16 0.14 0.16 0.12 0.10 0.15 0.16 0.22 0.03 0.13 0.10 0.05 0.08 0.08 0.10 0.18 0.13 0.07 0.01 0.09 0.12 0.10 0.20 0.23 0.17 0.13 0.04 0.05 1.97 3.90 0.37 0.50 0.05 0.06 0.11 0.14 0.55 0.05 0.07 0.00 0.28 0.35 0.14 0.17 0.00 0.18 0.32 0.21 0.89 0.16 0.17 0.06 0.07 8.00 8.11 0.03 0.05 0.30 0.24 0.08 0.13 1.06 0.76 0.09 1.17 1.50 2.48 3.39 0.50 0.63 2.35 0.11 0.05 0.04 0.09 0.08 0.02 0.07 0.05 0.15 0.11 0.00 0.10 0.02 0.08 0.07 0.00 0.21 0.20 0.24 0.20 0.15 0.12 0.47 0.34 0.10 0.12 0.12 1.15 0.08 3.46 0.17 2.53 0.00 0.11 0.09 6.20 4.92 0.07 0.03 0.01 0.03 0.17 0.12 0.08 1.68 0.27 0.00 0.18 0.16 0.02 0.01 0.01 0.16 0.15 0.64 0.75 0.90 0.09 0.10 0.10 0.12 0.03 0.12 0.09 0.17 0.13 0.04 0.05 0.33 0.46 4.01 4.94 0.13 0.09 0.18 0.24 0.08 0.08 0.36 0.26 0.10 0.11 0.30 0.36 10.25 12.80 0.00 0.58 0.42 0.06 0.24 0.06 0.04 0.05 0.02 0.22 0.08 0.17 0.05 0.14 0.08 0.06 0.07 0.10 0.03 0.04 0.06 0.13

Exc Volume

Week High

Low

Last

642 675 366 11 1315 60 126 98 0 18 0 44 12 120 522 531 379 14 218 25 184 31933 3642 521 10 74 324 54 652 303 45406 244 378 48 84 24 20 161 3 169 110 235 161 67 13 355 0 48 308 462 1369 7356 6544 434 222 34 345 22 793 60

0.40 0.11 0.35 0.00 0.59 0.12 0.05 0.06 0.00 0.75 0.09 0.12 0.04 0.05 0.08 0.33 0.27 0.47 0.07 0.30 0.42 4.18 0.12 0.09 0.18 0.24 0.04 0.04 0.09 0.38 8.18 1.25 1.50 1.71 0.28 0.31 0.03 0.02 0.20 1.45 1.19 0.13 0.11 0.40 0.35 0.03 0.00 2.31 0.12 0.10 0.12 6.78 8.32 0.17 0.12 0.23 0.09 0.04 2.64 2.20

0.35 0.04 0.26 0.00 0.50 0.11 0.04 0.06 0.00 0.75 0.00 0.00 0.00 0.00 0.00 0.28 0.23 0.41 0.00 0.30 0.00 3.82 0.10 0.08 0.16 0.21 0.00 0.03 0.08 0.34 7.57 1.11 1.37 1.57 0.27 0.00 0.03 0.01 0.20 1.28 1.04 0.00 0.10 0.32 0.35 0.03 0.00 2.06 0.11 0.09 0.11 6.07 7.51 0.13 0.10 0.06 0.08 0.04 2.39 1.91

0.36 0.04 0.30 0.00 0.54 0.11 0.05 0.06 0.54 0.75 0.09 0.11 0.04 0.05 0.06 0.33 0.26 0.45 0.07 0.30 0.38 3.83 0.10 0.09 0.16 0.24 0.04 0.03 0.09 0.34 7.59 1.20 1.49 1.70 0.28 0.30 0.03 0.02 0.20 1.41 1.14 0.12 0.10 0.32 0.35 0.03 0.03 2.27 0.11 0.09 0.11 6.70 8.25 0.17 0.12 0.07 0.08 0.04 2.59 2.12

O 40 V 1037 T 4582 N 20459 O 14 V 356 O 95 O 273 C 301 V 236 C 35 O 90 V 164 V 1068 O 1 T 164 O 78 O 336 V 1084 O 32 V 96 O 2658 V 235 O 26 O 1 V 5 V 197 V 663 O 348 C 31 O 121 V 357 O 4 V 84 V 115 X 265 V 120 V 4 O 18 O 89 C 319 C 39 O 100 V 20 O 206 C 46 O 181 V 591 V 1278 O 1896 V 615 V 581 O 30 O 349496 X 389 T 20 V 357 O 72 N 845 O 5 T 343 O 19 V 72 V 62 O 75 O 201 V 702 C 137 O 199 V 310 O 6 V 13 O 193 O 981 T 8891 C 17 O 440 V 35 O 0 V 508 T 456 O 166 O 34 V 398 O 5 V 28 O 1 V 183 O 8 V 41 V 150 V 752 O 1188 O 74 C 227 T 602 O 101 V 8584 V 3 O 39 O 96 V 141 O 4 V 326 O 578 T 3914 O 317 V 117 V 53 O 2 V 946 V 166 C 22 T 194 V 18 O 318 O 419415 V 81 V 209 V 118 O 31 V 335 V 4

0.02 0.03 4.01 3.24 0.07 0.17 0.14 0.11 0.14 0.04 0.26 0.09 0.11 0.69 16.05 4.78 3.88 0.13 0.15 0.31 0.38 0.02 0.13 0.10 0.07 0.08 0.30 0.09 0.07 0.37 0.01 0.12 0.04 0.06 3.69 3.04 0.42 0.20 0.15 0.16 0.20 0.61 0.49 0.09 0.29 0.30 1.87 2.44 0.08 0.07 0.02 0.18 0.14 0.01 1.09 1.31 0.18 0.16 33.33 0.62 0.70 0.14 0.18 0.04 0.04 0.35 0.42 1.75 1.42 2.91 1.27 1.55 0.18 7.18 8.65 0.35 0.04 0.05 0.03 0.04 5.77 4.70 0.30 0.37 0.11 0.13 0.05 0.07 0.19 0.26 0.40 0.56 0.47 0.15 0.18 0.91 0.06 0.06 0.74 0.27 0.23 0.28 0.75 0.39 0.48 8.88 7.22 0.33 0.06 0.04 0.48 0.81 0.15 0.23 0.54 3.24 0.01 1.11 0.03 0.23 0.18 0.16 0.21

12-month Change

High Low

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

0.02 0.01 0.04 0.00 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.01 0.02 0.01 0.02 0.01 0.00 0.05 0.25 0.01 0.01 0.02 0.04 0.01 0.00 0.01 0.01 0.05 0.03 0.04 0.00 0.00 0.01 0.00 0.00 0.00 0.09 0.09 0.01 0.01 0.08 0.00 0.00 0.00 0.03 0.01 0.00 0.01 0.63 0.70 0.02 0.01 0.01 0.01 0.00 0.26 0.24

0.51 0.10 0.67 0.00 0.74 0.20 0.08 0.10 0.67 0.93 0.16 0.40 0.15 0.11 0.16 0.62 0.49 2.94 0.15 0.39 0.62 7.61 0.22 0.16 0.20 0.29 0.05 0.04 0.20 0.65 9.44 1.47 2.25 2.11 0.81 1.11 0.05 0.03 0.30 3.14 2.44 0.15 0.12 0.42 0.35 0.09 0.21 4.35 0.18 0.21 0.20 9.60 11.62 0.38 0.29 0.23 0.20 0.06 3.05 2.65

0.19 0.01 0.19 0.00 0.12 0.10 0.03 0.04 0.45 0.57 0.07 0.09 0.01 0.03 0.03 0.28 0.21 0.39 0.07 0.23 0.27 3.28 0.10 0.08 0.07 0.09 0.01 0.01 0.08 0.34 2.85 0.10 0.45 0.65 0.25 0.29 0.01 0.01 0.20 1.07 0.83 0.03 0.02 0.07 0.09 0.02 0.01 2.06 0.03 0.00 0.06 2.71 3.72 0.08 0.06 0.01 0.05 0.03 2.26 1.88

0.00 0.02 0.00 0.03 unch 3.71 3.72 3.01 3.02 0.05 0.07 + 0.15 0.16 unch 0.12 0.13 0.09 0.11 0.13 0.14 + 0.03 0.04 + 0.24 0.26 unch 0.09 0.09 + 0.11 0.11 unch 0.64 0.67 16.05 16.05 + 4.70 4.72 3.81 3.86 + 0.10 0.11 0.13 0.14 0.21 0.31 + 0.34 0.38 + 0.01 0.01 0.12 0.12 0.09 0.09 0.04 0.04 0.08 0.08 unch 0.00 0.23 0.00 0.08 0.06 0.07 + 0.00 0.37 + 0.01 0.01 0.10 0.11 + 0.04 0.04 unch 0.06 0.06 unch 3.55 3.62 2.86 2.93 + 0.42 0.42 unch 0.00 0.20 unch 0.14 0.14 0.15 0.15 0.19 0.19 0.52 0.57 0.41 0.46 0.00 0.06 0.20 0.20 0.27 0.30 + 1.65 1.66 2.02 2.20 0.06 0.07 unch 0.05 0.05 0.02 0.02 unch 0.17 0.18 + 0.14 0.14 + 0.00 0.00 1.00 1.05 + 1.24 1.31 + 0.14 0.16 + 0.12 0.12 28.61 30.01 + 0.00 0.54 0.67 0.69 unch 0.14 0.14 0.16 0.17 0.04 0.04 0.03 0.03 0.31 0.32 0.39 0.40 1.54 1.57 1.27 1.30 2.75 2.79 + 1.20 1.24 unch 1.50 1.55 + 0.14 0.16 + 6.09 7.01 + 7.81 8.63 + 0.30 0.35 + 0.00 0.04 + 0.00 0.05 unch 0.03 0.03 unch 0.04 0.04 unch 5.47 5.51 4.33 4.50 0.00 0.29 0.35 0.36 + 0.11 0.11 unch 0.09 0.09 0.05 0.05 unch 0.07 0.07 unch 0.19 0.19 0.23 0.26 0.00 0.38 + 0.50 0.53 + 0.40 0.43 + 0.00 0.12 0.15 0.17 + 0.84 0.85 0.05 0.06 + 0.04 0.05 + 0.73 0.74 unch 0.00 0.26 0.20 0.20 0.25 0.25 0.00 0.75 + 0.29 0.35 + 0.30 0.39 + 8.32 8.58 + 6.47 6.97 + 0.27 0.32 0.06 0.06 0.04 0.04 + 0.28 0.30 0.70 0.75 0.14 0.14 0.19 0.19 0.00 0.50 3.10 3.13 0.00 0.01 + 1.05 1.08 0.03 0.03 + 0.20 0.20 0.00 0.17 0.14 0.15 0.21 0.21 unch

0.00 0.00 0.23 0.15 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.13 0.03 0.08 0.01 0.01 0.04 0.03 0.00 0.01 0.01 0.02 0.00 0.03 0.01 0.00 0.03 0.00 0.01 0.00 0.00 0.08 0.02 0.00 0.00 0.02 0.02 0.01 0.01 0.01 0.03 0.04 0.03 0.19 0.11 0.00 0.00 0.00 0.01 0.02 0.00 0.03 0.04 0.02 0.00 1.69 0.07 0.00 0.00 0.02 0.01 0.01 0.03 0.03 0.14 0.10 0.05 0.00 0.05 0.00 0.61 0.69 0.05 0.00 0.00 0.00 0.00 0.08 0.03 0.00 0.01 0.00 0.05 0.00 0.00 0.03 0.01 0.04 0.04 0.04 0.01 0.02 0.02 0.00 0.01 0.00 0.02 0.02 0.01 0.09 0.02 0.01 0.21 0.23 0.02 0.01 0.00 0.18 0.06 0.01 0.04 0.03 0.02 0.00 0.03 0.01 0.04 0.00 0.01 0.00

0.05 0.06 7.07 5.35 0.14 0.37 0.30 0.30 0.42 0.05 0.33 0.19 0.25 1.25 21.00 6.25 4.92 0.90 0.24 0.67 0.86 0.05 0.23 0.17 0.07 0.13 0.42 0.23 0.19 0.63 0.14 0.25 0.06 0.12 5.90 5.50 0.48 0.26 0.20 0.30 0.35 0.99 0.78 0.12 0.81 1.08 2.52 2.70 0.16 0.13 0.04 0.23 0.40 0.01 2.27 3.07 0.22 0.17 39.19 0.78 1.11 0.26 0.33 0.05 0.04 1.40 0.67 4.42 3.36 3.49 1.41 1.70 0.30 8.03 9.74 0.42 0.09 0.15 0.04 0.08 11.30 9.30 0.38 0.47 0.13 0.21 0.09 0.14 0.28 0.35 0.40 0.61 0.51 1.75 0.30 1.05 0.20 0.18 0.90 0.32 0.41 0.52 2.25 0.96 0.66 9.01 7.40 0.40 0.09 0.06 0.59 1.95 0.30 0.31 1.28 3.88 0.01 1.75 0.06 0.47 0.37 0.24 0.60

0.01 0.03 3.61 2.86 0.02 0.06 0.04 0.09 0.12 0.01 0.06 0.07 0.09 0.62 8.64 1.78 1.35 0.08 0.05 0.20 0.33 0.01 0.06 0.04 0.02 0.06 0.20 0.04 0.04 0.27 0.00 0.03 0.03 0.05 3.35 2.65 0.28 0.09 0.08 0.07 0.10 0.08 0.05 0.02 0.05 0.06 0.22 0.30 0.04 0.03 0.01 0.09 0.07 0.00 0.95 1.21 0.04 0.03 7.60 0.27 0.34 0.08 0.10 0.03 0.02 0.13 0.27 1.60 1.30 0.54 0.16 0.22 0.02 2.65 3.66 0.20 0.03 0.05 0.02 0.02 3.90 1.25 0.19 0.26 0.03 0.05 0.04 0.05 0.02 0.02 0.20 0.13 0.08 0.08 0.10 0.62 0.02 0.01 0.43 0.04 0.06 0.11 0.31 0.27 0.21 3.75 2.72 0.18 0.03 0.02 0.28 0.13 0.11 0.16 0.21 2.25 0.00 0.70 0.02 0.09 0.08 0.02 0.10

I-J-K

(100s) Stock

Exc Volume

Week High

Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min* Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kootenay Zinc* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

12 129 505 1602 119 770 33 173 15 76 13 21412 96925 340 0 0 3363 5947 410 20 323 1009 87 43 2281 657 893 634 34 754 449 450 338 4468 53

0.22 0.27 0.07 0.08 0.41 0.53 0.06 0.08 0.16 0.15 0.14 8.15 6.58 0.17 0.00 0.00 50.00 40.78 0.21 0.21 0.06 0.07 1.57 0.27 0.35 0.23 0.28 0.05 0.05 0.79 0.73 1.68 1.37 0.03 0.02

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lakewood Expl Lakewood Expl* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor Latin Metals Latin Metals* Laurion Mnl Ex Laurion Mnl Ex* Le Mare Gold* Le Mare Gold Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold Leocor Gold* Lepanto Con Mg* Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Lomiko Mtls* Lomiko Mtls Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res Lovitt Res* Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold Lumina Gold* Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lydian Intl* Lynas Corp* Lynas Corp*

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

2498 7467 335 65 1917 11170 222 18 13 742 871 681 486 27 159 0 848 36 10 378 273 285 10895 405 3 259 144 0 115 114 937 411 1304 14 9 147 41 543 525 1847 10556 1819 1733 1355 114 67 333 24 176 53 17 1284 2398 34 228 60 0 16 70 60 1311 46 411 70 86 199 208 351 729 1035 23823 1 84 271 2167 901

1.50 1.85 0.27 42.40 50.45 0.31 0.65 0.53 0.72 0.52 0.01 16.18 19.88 0.19 0.15 0.00 0.64 0.50 0.10 0.13 0.27 0.22 2.98 0.24 0.05 0.78 0.64 0.00 0.41 0.41 0.55 0.46 1.36 0.60 0.49 0.03 0.23 1.15 0.92 18.63 15.17 0.36 0.30 0.39 0.13 0.15 0.39 0.11 0.14 0.12 0.11 0.11 0.14 0.61 0.75 2.79 0.00 7.50 0.21 0.15 0.84 0.05 0.07 0.49 0.58 0.82 0.66 0.78 11.18 9.24 11.38 0.06 0.06 0.02 4.45 4.40

Macarthur Min* Macarthur Min MacDonald Mns* MacDonald Mns Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious* Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mansa Explor Mantaro Silver Maple Gold Maple Gold* Marathon Gold* Marathon Gold Margaret Lake Margaret Lake* Marifil Mines* Marifil Mines Marimaca Cop* Marimaca Cop Maritime Res MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite Mason Graphite* Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold

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

164 257 190 300 114 64 789 14 146 132 683 118 143 51 62 281 34 1030 170 110 158 822 956 115 727 109 14 642 1103 33 38 89 514 276 244 1470 1540 1017 308 1102 1254 12 114 181 8 140 3164 2008 548 6522 384 0 693 20 338 245 113 1401 5 324 696 116 179 312 466 226 0 32 489

0.36 0.44 0.05 0.06 0.08 0.10 27.70 1.00 0.91 0.75 0.50 0.15 0.18 0.05 0.05 0.07 0.31 0.38 0.21 0.26 0.90 0.33 0.41 0.14 0.17 3.17 2.54 0.34 0.42 0.09 0.07 0.07 0.08 0.21 0.19 0.48 0.41 0.33 2.78 3.40 0.07 0.05 0.05 0.06 3.31 4.26 0.19 368.06 0.15 0.18 0.13 0.00 0.10 0.08 0.71 0.58 0.22 0.04 0.03 6.75 5.50 0.22 0.27 0.24 0.07 0.06 0.00 1.25 1.55

Low

Last

25

12-month Change

0.19 0.19 0.23 0.24 0.06 0.07 + 0.07 0.08 + 0.36 0.39 0.44 0.49 0.05 0.06 0.07 0.07 unch 0.00 0.16 + 0.14 0.15 unch 0.12 0.12 7.56 7.84 6.10 6.38 0.16 0.16 0.00 0.46 unch 0.00 0.33 unch 48.29 48.92 + 38.93 39.79 + 0.20 0.20 0.16 0.16 0.05 0.05 0.07 0.07 1.36 1.44 0.23 0.27 + 0.29 0.33 + 0.21 0.22 + 0.25 0.27 unch 0.04 0.04 unch 0.00 0.05 + 0.68 0.70 0.48 0.59 + 1.45 1.54 1.17 1.27 0.03 0.03 unch 0.02 0.02 +

High Low

0.04 0.04 0.00 0.01 0.02 0.04 0.00 0.00 0.02 0.00 0.00 0.16 0.04 0.01 0.00 0.00 0.71 1.06 0.01 0.00 0.01 0.01 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.06 0.11 0.08 0.02 0.00 0.00

0.29 0.54 0.09 0.12 0.50 0.80 0.18 0.24 0.30 0.24 0.15 13.59 10.32 0.19 0.50 0.39 76.43 57.69 0.39 0.29 0.26 0.34 2.51 0.37 0.54 0.46 0.54 3.00 0.22 2.01 4.09 3.13 2.47 0.04 0.03

0.15 0.18 0.00 0.03 0.36 0.40 0.05 0.07 0.05 0.11 0.09 7.56 6.10 0.07 0.11 0.01 40.07 31.72 0.19 0.14 0.02 0.03 0.31 0.11 0.15 0.21 0.25 0.04 0.04 0.66 0.08 1.09 0.83 0.01 0.00

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

0.17 0.23 0.01 3.97 4.27 0.02 0.18 0.13 0.06 0.02 0.00 0.30 0.22 0.01 0.00 0.00 0.12 0.09 0.02 0.01 0.03 0.02 0.24 0.01 0.01 0.06 0.03 0.00 0.01 0.00 0.05 0.03 0.04 0.00 0.00 0.00 0.04 0.02 0.02 0.87 0.81 0.02 0.01 0.03 0.00 0.01 0.08 0.01 0.00 0.02 0.00 0.00 0.01 0.01 0.00 1.02 0.00 0.05 0.02 0.00 0.03 0.00 0.00 0.06 0.11 0.00 0.00 0.00 0.12 0.07 0.02 0.00 0.01 0.00 0.30 0.30

1.50 1.85 0.95 42.11 50.45 0.50 0.66 0.53 1.02 0.60 0.09 18.71 22.96 0.23 0.24 0.18 0.75 0.61 0.13 0.19 0.45 0.35 7.25 0.42 0.50 1.00 0.69 0.01 0.99 0.65 1.08 0.73 1.82 0.90 1.00 0.20 0.28 2.66 2.00 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.14 0.20 0.28 0.22 0.28 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.27 0.49 0.63 1.19 0.91 1.08 13.00 13.11 16.07 0.07 0.08 0.07 5.37 5.31

0.21 0.27 0.00 17.21 23.29 0.02 0.25 0.26 0.62 0.20 0.00 12.91 7.90 0.10 0.09 0.06 0.14 0.10 0.03 0.04 0.11 0.08 0.30 0.17 0.00 0.35 0.44 0.00 0.36 0.21 0.35 0.32 1.10 0.43 0.01 0.02 0.10 1.04 0.85 5.78 4.25 0.12 0.09 0.10 0.05 0.06 0.17 0.04 0.04 0.04 0.05 0.01 0.03 0.35 0.47 0.55 2.66 2.80 0.09 0.11 0.45 0.04 0.06 0.18 0.28 0.72 0.54 0.57 9.11 4.86 6.61 0.01 0.02 0.00 1.17 1.20

0.34 0.35 0.39 0.42 0.04 0.05 + 0.06 0.06 unch 0.07 0.07 0.09 0.10 unch 25.90 26.43 0.79 1.00 + 0.85 0.88 0.70 0.72 0.44 0.50 0.14 0.14 + 0.16 0.17 + 0.00 0.05 0.00 0.05 0.00 0.07 + 0.28 0.29 + 0.33 0.37 + 0.16 0.17 0.21 0.21 0.82 0.84 0.32 0.32 0.39 0.40 0.12 0.13 0.15 0.15 2.92 3.07 2.39 2.48 0.29 0.31 0.37 0.38 0.08 0.09 0.06 0.06 0.06 0.07 + 0.07 0.08 unch 0.00 0.21 + 0.18 0.18 0.41 0.42 0.33 0.35 0.27 0.29 2.65 2.72 + 3.29 3.33 + 0.05 0.07 + 0.04 0.05 + 0.04 0.04 + 0.06 0.06 unch 3.25 3.31 3.74 4.00 0.18 0.19 unch 338.33 359.27 + 0.09 0.14 + 0.12 0.17 + 0.11 0.11 unch 0.00 3.24 unch 0.08 0.09 0.08 0.08 0.63 0.69 + 0.51 0.56 + 0.22 0.22 unch 0.04 0.04 unch 0.03 0.03 unch 6.53 6.60 + 5.29 5.34 + 0.20 0.20 0.24 0.25 0.22 0.22 0.06 0.07 unch 0.05 0.06 0.00 0.38 unch 1.05 1.09 1.27 1.34 -

0.01 0.01 0.00 0.00 0.01 0.00 1.01 0.01 0.04 0.03 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.03 0.05 0.04 0.00 0.01 0.00 0.02 0.03 0.01 0.00 0.02 0.01 0.00 0.00 0.00 0.03 0.01 0.06 0.04 0.03 0.03 0.01 0.01 0.01 0.00 0.00 0.14 0.10 0.00 23.95 0.04 0.06 0.00 0.00 0.01 0.01 0.04 0.04 0.00 0.00 0.00 0.03 0.06 0.00 0.01 0.01 0.00 0.00 0.00 0.17 0.21

0.54 0.70 0.10 0.15 0.14 0.20 31.21 1.66 1.89 1.46 0.65 0.18 0.48 0.11 0.07 0.08 2.00 0.82 1.27 1.65 1.75 0.50 0.54 0.39 0.21 3.68 3.00 0.85 1.11 0.12 0.09 0.10 0.13 0.72 0.22 0.57 0.56 0.42 3.00 3.61 0.13 0.09 0.08 0.11 4.55 5.85 0.24 383.71 0.13 0.16 0.25 3.25 0.25 0.12 1.19 0.94 0.27 0.09 0.10 7.78 6.40 0.44 0.57 0.55 0.12 0.09 1.26 1.63 2.15

0.10 0.15 0.04 0.05 0.06 0.09 17.00 0.65 0.82 0.67 0.40 0.09 0.11 0.04 0.03 0.05 0.15 0.13 0.17 0.21 0.32 0.19 0.25 0.00 0.03 1.17 0.74 0.06 0.08 0.06 0.04 0.02 0.04 0.12 0.08 0.41 0.09 0.06 0.65 1.61 0.03 0.04 0.02 0.04 1.33 1.76 0.10 198.81 0.03 0.04 0.06 1.40 0.03 0.01 0.15 0.11 0.12 0.02 0.00 5.47 4.05 0.18 0.23 0.10 0.05 0.04 0.01 1.10 1.30

L 1.15 1.40 0.24 37.29 46.19 0.25 0.48 0.39 0.70 0.47 0.01 15.46 19.16 0.00 0.14 0.00 0.46 0.40 0.08 0.10 0.23 0.18 2.54 0.23 0.04 0.70 0.55 0.00 0.37 0.30 0.47 0.40 1.23 0.00 0.39 0.03 0.19 1.04 0.84 16.26 13.12 0.29 0.23 0.32 0.10 0.00 0.32 0.11 0.00 0.00 0.08 0.09 0.12 0.57 0.70 1.25 0.00 6.72 0.19 0.15 0.73 0.05 0.06 0.39 0.43 0.78 0.62 0.72 10.75 8.02 9.93 0.04 0.05 0.01 4.00 3.92

1.21 1.47 0.25 40.89 50.22 0.27 0.48 0.40 0.70 0.49 0.01 15.99 19.70 0.18 0.14 0.12 0.49 0.40 0.08 0.12 0.23 0.19 2.81 0.24 0.04 0.77 0.63 0.00 0.39 0.32 0.49 0.40 1.25 0.55 0.45 0.03 0.19 1.10 0.89 17.60 14.31 0.36 0.29 0.37 0.11 0.13 0.39 0.11 0.14 0.12 0.08 0.10 0.13 0.60 0.73 1.25 6.89 6.95 0.19 0.15 0.75 0.05 0.07 0.44 0.56 0.82 0.65 0.76 10.90 9.20 11.31 0.06 0.06 0.01 4.40 4.38

M

26

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

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

Exc Volume

Week High

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

V 14 V 6 N 17182 T 1274 C 10 O 28 N 950 O 505 V 307 C 508 O 36 O 42 V 322 O 197200 V 78 O 668 T 1536 C 920 O 184 O 132 C 286 V 45 O 64 V 1165 O 123 C 11 V 25 O 0 V 87 V 406 O 591 O 24 C 1330 O 4 V 153 V 207 C 3 V 0 O 0 O 215 V 212 O 364 V 658 O 461 C 253 O 263 C 158 V 1 V 139 C 341 O 30 V 108 O 92 V 164 V 1135 O 119 V 242 V 384 O 294 O 22 T 7 O 1181 V 975 C 558 O 49 V 1 O 158 V 382 O 0 O 203888 O 393 V 2471 O 17 V 27 O 347206 V 50 V 5 V 187 C 1096 V 37 O 238 V 191 O 504 V 642 O 1069 T 932 T 2589 O 379 O 1 V 2 V 99 O 30 C 50 C 743 O 280 V 1236 V 928 O 30 V 69 O 23 V 41 N 32464 C 64 O 26 V 53 O 19 T 167 C 363 O 28 V 206 O 6 V 883 C 886 O 92

0.17 1.10 1.51 1.84 0.08 0.55 2.20 0.27 0.33 1.11 0.95 0.04 0.04 0.01 0.14 0.22 0.27 0.34 0.28 0.05 0.06 0.41 0.32 0.60 0.48 0.12 0.06 0.00 0.06 0.56 0.46 0.21 0.27 0.03 0.49 0.09 0.15 0.00 0.00 0.15 0.17 0.19 0.34 0.11 0.06 0.05 0.30 0.00 0.74 0.31 0.30 0.36 2.43 2.97 0.65 0.08 0.09 0.43 0.35 0.41 0.51 0.57 0.70 0.09 0.08 0.00 0.18 0.22 0.00 0.00 0.06 0.08 0.05 0.05 0.00 0.25 0.07 0.62 0.12 0.50 0.11 0.15 0.08 0.10 0.84 1.02 0.38 0.31 0.17 0.22 0.92 0.74 0.03 0.02 0.15 0.18 0.17 0.14 0.48 0.17 0.21 31.76 0.13 0.17 0.20 0.42 0.52 0.41 0.18 0.22 0.08 0.09 0.10 0.08

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

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

0.01 26.17 0.36 0.29 0.04 21.90 0.01 1.46 0.62 0.77 2.76 0.40 0.79 0.64 0.81 0.24 0.13 0.16 0.55 0.61 0.30 0.09 0.07 0.13 0.14 0.12 0.15 0.05 0.06 0.07 0.00 0.09 0.11 13.26 2.40 1.95 0.01 0.35 0.00 2.22 6.11 4.94 0.14 0.12 0.34 0.24 0.04 0.07 2.90 0.69 0.55 25.18 19.92 0.33 63.88 78.86 0.13 0.16 0.46 0.02 0.15 0.18

Low

Last

12-month Change

0.17 0.17 unch 0.00 1.07 1.40 1.44 + 1.74 1.78 0.07 0.08 unch 0.48 0.53 2.07 2.07 + 0.24 0.25 0.30 0.30 1.05 1.10 + 0.88 0.95 + 0.03 0.04 + 0.04 0.04 unch 0.00 0.00 + 0.14 0.14 unch 0.19 0.21 + 0.23 0.26 + 0.30 0.33 0.22 0.26 0.05 0.05 + 0.06 0.06 unch 0.37 0.39 0.00 0.32 0.46 0.59 + 0.37 0.46 0.00 0.12 + 0.00 0.05 0.00 0.06 unch 0.00 0.06 0.50 0.54 0.40 0.44 + 0.17 0.20 + 0.21 0.26 + 0.02 0.02 0.47 0.47 0.08 0.08 0.15 0.15 unch 0.00 2.55 unch 0.00 2.11 unch 0.13 0.15 + 0.17 0.17 unch 0.16 0.17 0.31 0.31 unch 0.08 0.11 + 0.06 0.06 0.04 0.05 + 0.28 0.30 unch 0.00 0.12 unch 0.67 0.70 0.28 0.29 + 0.27 0.29 0.32 0.35 2.26 2.33 + 2.78 2.86 0.53 0.57 0.07 0.07 + 0.09 0.09 0.40 0.40 0.32 0.32 0.36 0.41 + 0.00 0.51 unch 0.50 0.54 + 0.63 0.66 + 0.08 0.09 + 0.07 0.08 + 0.00 0.30 unch 0.15 0.17 + 0.20 0.21 0.00 37.69 unch 0.00 0.00 0.05 0.06 + 0.07 0.07 0.04 0.04 0.00 0.05 unch 0.00 0.00 unch 0.24 0.24 0.07 0.07 unch 0.56 0.57 0.10 0.11 0.43 0.45 0.09 0.09 0.12 0.13 + 0.06 0.08 + 0.08 0.10 + 0.67 0.79 + 0.83 0.97 + 0.35 0.36 unch 0.28 0.30 + 0.00 0.17 0.00 0.22 0.85 0.87 0.69 0.72 0.03 0.03 unch 0.01 0.02 unch 0.09 0.10 0.12 0.12 0.13 0.14 0.00 0.12 0.39 0.40 unch 0.15 0.16 0.19 0.19 30.53 31.20 + 0.11 0.11 0.00 0.15 0.19 0.20 0.39 0.40 0.49 0.49 0.36 0.39 0.15 0.18 + 0.19 0.22 + 0.08 0.08 unch 0.00 0.07 0.09 0.10 + 0.07 0.08 -

Stock

0.00 0.03 0.02 0.01 0.00 0.01 0.01 0.02 0.02 0.03 0.08 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.00 0.03 0.00 0.05 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.00 0.00 0.00 0.02 0.01 0.01 0.02 0.04 0.14 0.06 0.00 0.01 0.04 0.01 0.01 0.00 0.02 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.10 0.03 0.01 0.01 0.01 0.11 0.12 0.00 0.00 0.02 0.02 0.03 0.01 0.00 0.00 0.04 0.05 0.02 0.00 0.00 0.02 0.02 1.28 0.01 0.01 0.01 0.02 0.02 0.01 0.02 0.03 0.00 0.02 0.01 0.01

0.20 1.29 1.71 2.07 0.18 2.00 2.57 0.59 0.75 1.11 0.95 0.08 0.11 0.01 0.29 0.26 0.30 1.17 0.90 0.16 0.21 1.24 1.00 0.79 0.67 0.20 0.11 0.10 0.13 1.30 0.94 0.45 0.57 0.04 0.64 0.20 0.30 3.65 2.62 0.20 0.21 0.27 0.59 0.15 0.15 0.11 0.40 0.15 1.13 0.71 0.40 0.42 4.16 5.25 0.74 0.23 0.32 0.85 0.67 0.60 0.80 0.63 0.78 0.25 0.18 0.30 0.27 0.34 38.98 0.00 0.08 0.18 5.00 0.10 0.00 0.60 0.10 0.69 0.41 0.59 0.12 0.16 0.20 0.30 0.90 1.31 0.48 0.38 0.37 0.45 1.27 0.85 0.06 0.10 0.75 0.95 0.21 0.16 0.65 0.21 0.25 38.23 0.19 0.52 0.69 0.64 0.82 1.35 0.27 0.35 0.09 0.11 0.26 0.18

0.05 0.41 0.89 1.15 0.05 0.31 1.29 0.09 0.13 0.45 0.63 0.03 0.04 0.00 0.10 0.05 0.07 0.20 0.17 0.04 0.06 0.37 0.31 0.11 0.14 0.05 0.02 0.02 0.02 0.39 0.30 0.09 0.12 0.01 0.23 0.08 0.08 1.95 1.79 0.03 0.05 0.05 0.18 0.05 0.05 0.03 0.16 0.07 0.67 0.12 0.10 0.13 0.71 0.97 0.48 0.07 0.09 0.36 0.29 0.32 0.41 0.35 0.48 0.08 0.06 0.13 0.13 0.18 16.93 0.00 0.04 0.05 0.01 0.04 0.00 0.14 0.05 0.36 0.09 0.08 0.06 0.09 0.03 0.04 0.59 0.59 0.12 0.09 0.12 0.17 0.65 0.54 0.01 0.01 0.06 0.06 0.07 0.00 0.30 0.10 0.13 11.51 0.05 0.13 0.16 0.20 0.26 0.34 0.08 0.11 0.03 0.06 0.06 0.00

0.00 0.01 0.02 0.03 0.00 2.15 0.00 0.11 0.35 0.43 0.09 0.01 0.01 0.00 0.15 0.01 0.00 0.01 0.03 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.02 0.00 0.63 0.08 0.06 0.00 0.01 0.00 0.12 0.54 0.40 0.00 0.00 0.04 0.04 0.00 0.02 0.20 0.01 0.02 1.18 0.42 0.10 0.06 0.63 0.02 0.02 0.01 0.00 0.00 0.01

0.03 30.71 0.43 0.40 0.12 21.90 0.04 5.00 0.99 0.64 3.88 0.61 2.05 1.62 4.00 0.32 0.19 0.25 1.50 0.84 0.53 0.31 0.25 0.18 0.19 0.19 0.24 0.09 0.11 0.11 0.08 0.17 0.12 13.50 3.05 2.40 0.01 0.60 0.00 3.59 9.02 5.84 0.95 0.80 0.62 0.28 0.10 0.15 4.07 0.92 0.70 31.25 26.42 0.40 75.31 95.65 0.29 0.40 0.60 0.08 0.31 0.43

0.00 17.95 0.15 0.10 0.00 9.56 0.00 0.92 0.00 0.08 0.45 0.05 0.21 0.16 0.11 0.06 0.08 0.12 0.20 0.27 0.23 0.04 0.03 0.04 0.07 0.03 0.05 0.03 0.04 0.04 0.00 0.01 0.03 1.24 1.68 1.24 0.00 0.22 0.00 1.74 4.78 4.47 0.13 0.05 0.03 0.17 0.02 0.04 0.36 0.45 0.44 22.40 17.81 0.05 54.18 68.76 0.09 0.12 0.34 0.00 0.08 0.10

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

T 5 N 354 T 5911 X 8008 T 880 O 325 V 1400 V 87 O 9 V 830 O 120 O 837 T 1042 V 472 V 1186 O 925 O 65 V 875 O 44 T 155 V 91 V 49 T 690 O 838 V 2705 O 1176 V 759 O 10 V 37 V 408 O 20 O 92 V 255 O 39 O 755 O 78 V 541 V 280 V 1250 V 93 O 149 C 317 O 666 V 993 V 875 O 185 O 34 V 1028 O 188205 O 47 V 69 T 12 C 590 O 6 V 666 V 154 O 64 C 464 O 166 O 84 V 926 V 187 T 655 O 438 V 567 N 1892 T 716 X 7148 T 1027 O 2 O 7 V 509 O 773 V 20 O 237 V 11095 V 360 O 488 O 495 V 1264 V 9 C 83 C 389 T 1027 X 30921 O 25 V 257 O 133 C 6196 O 2754 V 4201 N 11502 T 6823 O 956 V 1699 O 55 V 571 V 249 T 2909 O 1 V 153 O 60 V 311 O 305 V 23 O 168 V 126 V 558 V 205 O 147 C 883 O 505 V 179 O 38 V 682 O 458 V 142 V 15 O 541 V 1091 O 409 V 481 O 399 O 196 T 54 V 682 V 184 O 160 V 328 V 674 O 367 V 339 V 61 O 0 C 159 O 50 T 1333 V 831 O 450 T 134 T 56 V 216 O 36 T 261 O 87 O 95 V 366 O 7 N 2408 T 1328 O 0 V 256 T 2457 O 24 V 364 C 941 O 46 O 428 V 809 O 2

P2 Gold* P2 Gold Pac Arc Res Pac Bay Mnrls Pac Bay Mnrls* Pac Booker Min Pac Booker Min* Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire* Pacific Empire Pacific Silk Pacific Silk* Pacton Gold

O V V V O V O V V O O O V V O V

N-O 11643 641 191 247 40 144 369 13 2220 18202 1125 42 415 32 10 5022 615 220 942 1018 555 265 338 197 15 305 686 134 383 70 0 40 6 1020 5454 17572 2068 323 0 89 243 605 845 277 126 154 9 277 267 124 13 1 2 2588 36401 821 53 199 824 2106 126 563

0.00 24.39 0.33 0.27 0.01 19.37 0.00 0.00 0.22 0.28 2.61 0.37 0.64 0.57 0.65 0.22 0.11 0.14 0.41 0.51 0.23 0.08 0.06 0.12 0.14 0.10 0.13 0.04 0.05 0.07 0.00 0.07 0.00 11.50 2.22 1.80 0.00 0.30 0.00 2.00 5.52 4.47 0.13 0.10 0.30 0.20 0.04 0.00 2.30 0.63 0.00 23.87 0.00 0.24 62.27 76.75 0.11 0.00 0.44 0.01 0.13 0.16

0.01 25.88 0.35 0.28 0.01 21.50 0.01 1.25 0.59 0.71 2.66 0.37 0.74 0.60 0.65 0.24 0.12 0.15 0.46 0.56 0.27 0.08 0.07 0.13 0.14 0.11 0.14 0.05 0.06 0.07 0.05 0.09 0.11 12.08 2.24 1.81 0.00 0.33 0.00 2.15 5.62 4.52 0.14 0.11 0.34 0.20 0.04 0.07 2.77 0.65 0.54 25.18 19.67 0.33 62.68 77.10 0.11 0.15 0.46 0.02 0.13 0.17

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

(100s)

High Low

Exc Volume

(100s) Stock

Week

12-month

High

Low

Last

Change

11.20 9.13 5.43 4.42 2.92 0.05 0.06 0.72 0.59 1.07 0.87 0.09 0.11 0.05 0.11 0.09 0.13 0.15 0.90 1.11 0.66 0.13 1.24 1.06 0.03 0.02 0.47 0.01 0.02 0.13 0.12 0.51 0.63 0.08 35.18 0.29 0.37 0.10 0.08 0.37 0.48 0.60 0.02 0.03 0.29 0.24 0.08 0.10 0.00 0.63 0.76 0.06 0.05 0.04 0.02 0.30 0.24 0.36 0.29 0.62 0.76 0.13 0.08 0.07 10.39 8.31 10.41 8.48 2.34 0.01 0.06 0.50 0.42 0.43 0.35 0.05 1.15 0.94 0.32 0.36 0.35 0.22 0.11 0.65 0.53 0.01 0.41 0.02 0.03 0.13 0.17 61.86 76.37 0.26 0.32 0.10 0.27 2.36 2.49 1.90 0.20 0.17 0.62 0.51 0.04 0.06 0.06 0.18 0.24 0.19 0.11 0.09 0.54 0.44 0.21 0.17 0.60 0.23 0.04 0.05 0.01 0.65 0.54 0.08 0.09 0.08 0.07 0.12 0.15 1.47 1.20 0.20 0.26 0.18 0.32 0.25 5.21 3.66 2.98 5.96 0.25 0.28 0.22 0.44 0.34 1.19 1.48 5.86 14.37 17.61 0.00 0.50 3.11 0.08 0.10 0.62 0.51 0.22 0.28 17.01

10.48 8.37 4.96 4.01 2.51 0.05 0.06 0.66 0.54 0.96 0.00 0.08 0.10 0.04 0.10 0.07 0.10 0.13 0.85 1.05 0.00 0.12 1.20 0.95 0.02 0.01 0.33 0.01 0.02 0.12 0.10 0.48 0.59 0.04 33.27 0.28 0.34 0.09 0.07 0.32 0.45 0.54 0.02 0.02 0.25 0.20 0.00 0.08 0.00 0.58 0.71 0.00 0.05 0.00 0.02 0.28 0.22 0.31 0.26 0.57 0.69 0.12 0.08 0.00 9.43 7.63 9.89 8.01 2.15 0.00 0.06 0.42 0.33 0.43 0.16 0.03 0.95 0.77 0.26 0.33 0.00 0.19 0.10 0.58 0.47 0.01 0.37 0.00 0.02 0.11 0.13 58.87 72.85 0.17 0.21 0.03 0.23 2.05 2.40 0.00 0.20 0.17 0.58 0.47 0.04 0.04 0.00 0.16 0.20 0.16 0.09 0.07 0.45 0.38 0.17 0.14 0.52 0.00 0.03 0.04 0.00 0.60 0.48 0.06 0.00 0.07 0.00 0.11 0.14 1.33 1.08 0.18 0.00 0.00 0.25 0.24 4.70 3.31 2.60 5.33 0.00 0.00 0.00 0.38 0.31 1.09 1.35 5.68 13.75 16.91 0.00 0.48 3.00 0.00 0.09 0.48 0.45 0.20 0.25 0.00

10.93 + 9.04 + 5.27 + 4.29 + 2.88 + 0.05 0.06 0.66 0.54 1.05 + 0.85 + 0.08 0.10 unch 0.04 0.11 unch 0.09 + 0.11 0.14 0.87 + 1.08 0.65 0.12 1.23 + 1.00 + 0.03 + 0.02 + 0.45 + 0.01 unch 0.02 unch 0.13 + 0.12 + 0.50 + 0.60 0.04 34.29 + 0.28 0.35 0.10 + 0.07 unch 0.34 0.48 0.59 0.02 + 0.02 unch 0.28 + 0.22 + 0.07 + 0.08 unch 0.00 unch 0.58 0.71 0.06 unch 0.05 0.04 0.02 + 0.29 + 0.24 + 0.31 0.26 0.57 0.72 0.12 0.08 unch 0.06 + 9.89 + 8.01 + 9.90 8.01 2.18 0.01 unch 0.06 unch 0.48 + 0.38 + 0.43 unch 0.24 + 0.04 unch 1.01 0.84 0.28 0.35 0.35 + 0.21 0.11 unch 0.65 + 0.52 + 0.01 unch 0.38 0.02 + 0.03 + 0.13 + 0.16 + 61.07 + 75.15 + 0.18 0.23 0.10 0.27 + 2.22 2.42 + 1.90 + 0.20 unch 0.17 unch 0.60 unch 0.49 unch 0.04 unch 0.04 + 0.06 0.17 unch 0.20 0.17 0.09 0.08 0.48 0.38 0.20 + 0.17 + 0.52 0.23 0.03 0.04 0.01 unch 0.62 unch 0.51 + 0.07 + 0.09 0.08 unch 0.07 + 0.11 0.14 1.38 + 1.10 + 0.18 unch 0.25 + 0.18 0.30 + 0.25 unch 4.75 3.45 + 2.82 + 5.92 + 0.25 + 0.28 + 0.22 + 0.42 + 0.33 + 1.15 + 1.42 5.69 13.78 16.98 0.41 unch 0.49 3.01 0.07 + 0.09 + 0.50 0.45 + 0.21 0.25 17.01 +

0.23 0.33 0.10 0.13 0.13 0.00 0.01 0.06 0.05 0.02 0.02 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.04 0.01 0.01 0.02 0.03 0.01 0.01 0.09 0.00 0.00 0.01 0.01 0.01 0.02 0.03 0.02 0.00 0.01 0.01 0.00 0.04 0.00 0.01 0.01 0.00 0.03 0.01 0.00 0.00 0.00 0.03 0.06 0.00 0.01 0.00 0.01 0.01 0.01 0.04 0.01 0.02 0.03 0.02 0.00 0.00 0.60 0.56 0.30 0.15 0.15 0.00 0.00 0.05 0.02 0.00 0.04 0.00 0.13 0.08 0.00 0.01 0.09 0.03 0.00 0.01 0.01 0.00 0.03 0.00 0.01 0.02 0.02 3.04 2.66 0.08 0.09 0.00 0.03 0.12 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.03 0.02 0.02 0.01 0.06 0.06 0.03 0.02 0.03 0.08 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.02 0.02 0.00 0.45 0.21 0.21 0.38 0.01 0.07 0.03 0.06 0.04 0.02 0.03 0.06 0.10 0.39 0.00 0.02 0.08 0.01 0.01 0.10 0.08 0.01 0.03 0.24

High Low 14.92 12.58 6.08 5.04 5.30 0.12 0.14 0.97 0.71 1.11 2.00 0.24 0.33 0.10 1.18 0.93 0.20 0.25 2.20 2.90 1.19 0.28 2.08 1.65 0.09 0.06 0.77 0.02 0.03 0.21 0.17 0.99 1.25 0.15 38.21 0.30 0.38 0.21 0.17 0.76 2.21 2.79 0.12 0.05 0.39 0.33 0.10 0.15 0.00 3.00 1.38 0.10 0.11 0.07 0.04 0.42 0.40 0.45 0.36 0.91 1.06 0.23 0.12 0.09 27.40 17.24 16.16 12.10 4.16 0.04 0.13 0.70 0.55 0.69 0.29 0.18 1.55 1.26 0.57 0.72 0.69 0.37 0.46 3.28 2.49 0.05 0.69 0.05 0.05 0.19 0.24 65.93 79.67 0.38 0.48 0.17 0.38 3.68 4.01 2.86 0.32 0.25 0.79 0.67 0.07 0.11 0.11 0.30 0.75 0.55 0.16 0.13 0.65 0.54 0.31 0.24 0.60 0.35 0.08 0.12 0.03 0.93 0.75 0.19 0.25 0.26 0.28 0.24 0.31 1.70 1.39 0.24 0.35 0.28 0.55 0.25 7.51 3.66 3.02 6.92 0.70 0.45 0.33 0.44 0.36 1.50 1.65 10.79 15.12 18.40 0.42 0.52 4.85 0.09 0.10 1.55 0.60 0.40 0.88 21.04

6.78 5.13 1.68 1.23 0.30 0.04 0.05 0.41 0.29 0.15 0.10 0.04 0.06 0.02 0.06 0.05 0.06 0.09 0.77 0.97 0.40 0.12 0.69 0.53 0.02 0.01 0.33 0.00 0.01 0.06 0.04 0.07 0.10 0.00 23.23 0.11 0.15 0.03 0.05 0.05 0.39 0.47 0.00 0.01 0.08 0.05 0.03 0.05 0.00 0.16 0.45 0.02 0.03 0.03 0.01 0.06 0.04 0.21 0.17 0.40 0.37 0.10 0.06 0.04 1.80 7.20 10.07 7.96 2.03 0.00 0.02 0.16 0.11 0.27 0.03 0.03 0.30 0.22 0.19 0.26 0.17 0.16 0.03 0.39 0.31 0.00 0.21 0.00 0.01 0.06 0.09 30.56 41.50 0.13 0.17 0.02 0.16 2.21 1.58 0.00 0.14 0.11 0.16 0.12 0.04 0.02 0.03 0.15 0.15 0.12 0.06 0.05 0.09 0.09 0.14 0.11 0.33 0.05 0.02 0.04 0.00 0.38 0.27 0.06 0.08 0.07 0.05 0.07 0.09 0.78 0.57 0.08 0.04 0.05 0.12 0.24 3.50 0.46 0.33 2.06 0.06 0.20 0.18 0.16 0.12 0.76 1.01 0.33 9.29 12.39 0.27 0.35 2.68 0.03 0.04 0.11 0.26 0.18 0.23 7.40

P-Q 49 64 20 0 0 12 15 269 183 104 338 7 421 47 22 378

0.36 0.50 0.15 0.00 0.00 2.28 1.94 0.06 0.25 0.20 0.00 0.06 0.07 0.04 0.03 0.76

0.00 0.44 0.15 0.00 0.00 2.20 1.94 0.05 0.23 0.19 0.00 0.05 0.06 0.03 0.03 0.69

0.35 0.45 0.15 0.16 0.10 2.20 1.94 0.05 0.24 0.19 0.00 0.06 0.07 0.04 0.03 0.75

unch unch unch unch unch unch unch + unch + -

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

0.59 0.23 0.90 0.30 0.19 0.10 3.75 3.10 0.08 0.33 0.30 0.01 0.16 0.21 0.06 0.04 1.81

0.09 0.04 1.33 1.04 0.02 0.05 0.03 0.00 0.04 0.05 0.02 0.01 0.61

Exc Volume

Week High

Low

4711 291 431 675 326 3627 230 5 310 2360 10962 683 30 525 375 54 42 27 133 23 4 3718 399 498 41 1695 164 165 2962 95 276 35437 70 445 44 150 343 289 0 725 3772 104 194 116 38 180 40 10 5 10 2 3 477 549 289 651 20 14 107 2 28 316 248 2682 568 250 43 4244 26 0 484 369 18 852 829 1144 148 352 5154 1940 94 0 37 490 106 131 25 110 150 2 200 7 13 30 64 321 845 346 14 461 3 12210 18 848 166 99 60 873 1579 1481 4 134 960 1245 96 868 292 42 499 620 3848 170 569 26 0 151 738 279 553 98

0.41 0.37 0.30 0.07 0.06 0.33 0.25 0.40 0.50 36.21 29.50 0.71 0.54 0.15 0.18 0.00 0.02 0.10 0.12 0.22 0.07 0.27 0.31 1.03 0.03 0.26 0.04 0.08 0.11 0.16 0.13 8.51 0.03 0.05 0.12 0.15 0.11 0.09 0.00 11.20 9.09 1.33 0.06 0.05 0.11 0.14 0.01 0.08 0.14 0.09 0.10 0.71 0.30 0.45 0.33 0.40 0.30 103.60 0.21 0.05 0.05 0.06 4.75 3.85 0.04 0.26 0.20 3.96 4.90 0.00 0.10 0.08 0.10 0.16 0.20 0.25 0.13 0.11 10.16 12.47 0.08 0.05 3.25 4.04 0.11 0.24 0.08 1.37 1.75 0.25 0.36 0.38 4.99 0.35 0.40 2.20 0.14 0.08 0.07 0.22 0.18 0.02 0.31 0.39 0.02 1.22 1.49 1.25 1.56 0.13 0.22 0.20 0.21 0.17 0.24 0.28 0.18 0.14 0.31 0.39 0.13 0.11 3.13 0.22 0.00 0.27 0.22 0.06 0.04 1.05

0.33 0.31 0.24 0.06 0.03 0.25 0.20 0.00 0.40 34.59 27.93 0.67 0.54 0.13 0.15 0.00 0.00 0.10 0.11 0.00 0.00 0.18 0.27 0.97 0.02 0.20 0.03 0.00 0.09 0.00 0.06 6.96 0.03 0.04 0.00 0.14 0.09 0.07 0.00 10.30 8.38 1.23 0.00 0.03 0.10 0.12 0.01 0.08 0.13 0.09 0.10 0.51 0.26 0.35 0.00 0.36 0.28 97.75 0.21 0.00 0.04 0.05 4.30 3.46 0.04 0.22 0.20 3.64 4.49 0.00 0.09 0.07 0.00 0.09 0.17 0.21 0.12 0.10 9.63 11.85 0.07 0.05 3.02 3.71 0.09 0.21 0.08 1.25 1.52 0.25 0.32 0.36 0.00 0.33 0.34 1.72 0.10 0.07 0.06 0.18 0.15 0.01 0.26 0.30 0.01 1.04 1.30 1.17 1.45 0.11 0.21 0.20 0.19 0.15 0.19 0.24 0.17 0.13 0.27 0.33 0.10 0.08 1.92 0.18 0.00 0.00 0.17 0.00 0.01 1.00

V 259 V 159 C 298 C 299 O 54 V 24 O 0 O 0 O 353 V 961 C 0 C 262 O 542 V 706 V 651 V 193 V 10 O 285 C 862 V 90 V 1117 O 224 V 118 O 87 V 86 O 487 V 286 V 233 O 0 V 275 V 403 O 1463 V 1033 V 114 O 35 O 123475 V 79 O 558 O 6 N 7925 O 1 V 625 O 718 O 117 C 253 O 186 V 200 O 48 V 324 V 274 O 69 V 469 O 73

0.26 0.25 0.11 0.25 2.95 0.16 0.00 0.38 1.96 0.04 0.00 0.24 0.00 1.10 0.65 0.78 0.22 0.08 0.10 0.08 0.08 0.07 0.68 0.55 0.20 0.74 0.90 1.50 0.00 0.05 0.77 0.07 0.09 0.71 0.58 0.00 0.07 0.06 85.02 85.76 92.86 0.79 0.65 0.53 0.64 0.14 0.17 0.16 0.25 0.41 0.07 0.08 5.13

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

Last

12-month Change

0.38 + 0.35 unch 0.28 0.07 0.05 + 0.28 0.22 0.37 0.49 34.77 28.33 + 0.70 + 0.54 0.14 + 0.17 + 0.00 + 0.02 unch 0.10 + 0.12 + 0.21 0.07 + 0.21 + 0.27 0.97 0.02 0.21 0.04 unch 0.07 + 0.11 + 0.16 + 0.13 7.77 + 0.03 unch 0.05 unch 0.12 + 0.15 + 0.10 0.07 0.21 unch 10.37 8.57 1.30 + 0.05 0.05 + 0.10 0.13 0.01 unch 0.08 0.13 0.09 unch 0.10 unch 0.66 0.30 + 0.37 0.32 + 0.40 + 0.28 100.80 0.21 0.05 unch 0.04 unch 0.06 + 4.57 + 3.72 + 0.04 0.24 + 0.20 3.85 + 4.66 + 0.00 unch 0.10 unch 0.08 + 0.08 + 0.10 + 0.18 + 0.22 unch 0.13 unch 0.10 9.68 11.91 0.08 + 0.05 unch 3.25 + 4.00 + 0.11 + 0.24 + 0.08 unch 1.33 + 1.70 + 0.25 unch 0.35 + 0.36 4.71 + 0.35 + 0.40 + 2.02 + 0.10 0.07 0.06 0.19 0.15 0.02 + 0.26 0.34 0.02 + 1.16 + 1.39 + 1.20 1.49 0.13 + 0.21 0.20 unch 0.20 0.16 0.20 0.24 0.17 + 0.14 + 0.28 0.34 0.11 0.09 2.95 + 0.22 + 0.18 unch 0.27 + 0.21 + 0.05 0.02 + 1.00 -

Stock

0.02 0.00 0.00 0.00 0.01 0.02 0.00 0.06 0.03 0.21 0.09 0.03 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.01 0.01 0.04 0.07 0.00 0.06 0.00 0.00 0.02 0.02 0.01 0.26 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.63 0.33 0.05 0.01 0.01 0.01 0.02 0.00 0.02 0.01 0.00 0.00 0.06 0.02 0.05 0.01 0.02 0.02 3.20 0.01 0.00 0.00 0.01 0.21 0.20 0.01 0.01 0.00 0.08 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.10 0.32 0.01 0.00 0.13 0.13 0.01 0.01 0.00 0.04 0.10 0.00 0.03 0.02 1.31 0.03 0.04 0.02 0.04 0.01 0.01 0.03 0.03 0.00 0.05 0.06 0.00 0.07 0.03 0.03 0.05 0.01 0.01 0.00 0.01 0.01 0.03 0.03 0.01 0.01 0.01 0.03 0.01 0.00 1.13 0.02 0.00 0.01 0.00 0.02 0.01 0.05

0.47 0.37 0.30 1.82 0.10 0.40 0.49 1.07 0.72 53.30 40.11 0.84 0.68 0.20 0.20 0.01 0.05 0.18 0.23 0.29 0.07 1.02 0.74 1.59 0.03 0.84 0.09 0.31 0.42 0.50 0.23 9.76 0.06 0.09 0.20 0.27 0.15 0.12 0.42 20.40 9.45 1.52 0.10 0.10 0.14 0.17 0.02 0.15 0.14 0.09 0.12 0.83 0.55 0.55 0.35 0.45 0.42 128.00 0.25 0.06 0.08 0.13 8.00 6.27 0.05 0.30 0.23 7.10 9.50 0.03 0.26 0.25 0.10 0.16 0.38 0.47 0.41 0.30 14.55 19.13 0.17 0.14 3.56 4.36 0.14 0.88 0.15 1.53 1.95 0.37 0.50 0.60 13.50 0.52 0.40 2.40 0.17 0.20 0.17 1.50 0.85 0.08 0.31 0.40 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.38 0.50 0.30 0.47 0.60 0.33 0.25 3.10 0.29 0.19 0.30 0.25 0.27 0.06 1.37

0.07 0.16 0.12 0.06 0.00 0.09 0.06 0.28 0.33 34.59 27.26 0.17 0.00 0.04 0.06 0.00 0.02 0.05 0.09 0.14 0.01 0.05 0.19 0.96 0.00 0.04 0.01 0.01 0.08 0.07 0.03 0.80 0.02 0.03 0.11 0.13 0.08 0.06 0.00 5.20 5.52 0.99 0.04 0.00 0.02 0.03 0.01 0.03 0.03 0.04 0.04 0.35 0.01 0.35 0.09 0.12 0.23 85.20 0.10 0.03 0.02 0.02 1.81 1.33 0.03 0.05 0.04 2.65 3.28 0.00 0.06 0.05 0.02 0.04 0.17 0.21 0.13 0.10 7.92 10.84 0.07 0.05 0.78 1.11 0.02 0.19 0.07 0.81 1.11 0.03 0.04 0.18 2.63 0.10 0.20 0.45 0.07 0.07 0.02 0.18 0.00 0.01 0.04 0.05 0.01 0.06 0.42 0.95 1.18 0.03 0.12 0.13 0.06 0.12 0.15 0.20 0.12 0.09 0.06 0.10 0.07 0.05 0.55 0.12 0.10 0.06 0.04 0.05 0.00 0.40

Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rockwealth Res* Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals Rover Metals* Roxgold Roxgold* Royal Fox Gold* Royal Fox Gold Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining * RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.01 0.02 0.01 0.02 0.07 0.01 0.00 0.00 0.06 0.01 0.00 0.01 0.00 0.13 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.02 0.01 0.02 0.02 0.03 0.08 0.00 0.01 0.11 0.01 0.01 0.14 0.11 0.00 0.00 0.00 4.41 3.98 1.73 0.02 0.03 0.10 0.10 0.01 0.01 0.00 0.03 0.03 0.00 0.02 0.41

0.40 0.38 0.12 0.40 14.50 0.18 0.15 2.00 4.13 0.12 0.25 0.49 0.01 1.09 0.95 1.74 0.37 1.00 0.12 0.13 0.14 0.11 1.45 1.13 0.25 1.35 1.74 1.70 0.06 0.08 0.77 0.27 0.25 0.74 0.61 0.01 0.11 0.09 94.42 95.97 108.00 1.03 0.85 0.83 1.10 0.40 0.54 0.26 0.36 0.56 0.13 0.15 7.00

0.23 0.21 0.05 0.15 0.51 0.08 0.07 0.00 0.47 0.03 0.06 0.19 0.00 0.06 0.30 0.70 0.09 0.01 0.04 0.05 0.06 0.04 0.62 0.49 0.15 0.49 0.65 0.15 0.03 0.04 0.29 0.04 0.07 0.18 0.30 0.00 0.04 0.03 55.13 55.27 63.85 0.58 0.41 0.38 0.49 0.13 0.16 0.12 0.15 0.29 0.02 0.04 0.39

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

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

R Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Red Eagle Mng* Red Moon Res Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls* Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold Riley Gold* Rimrock Gold* Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res* Riverside Res RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith*

0.24 0.25 0.23 0.25 0.10 0.10 0.22 0.22 2.39 2.43 0.00 0.16 0.00 0.13 0.00 0.38 1.76 1.90 0.04 0.04 0.00 0.13 0.23 0.24 0.00 0.00 0.92 1.10 0.56 0.64 0.74 0.77 0.22 0.22 0.07 0.07 0.09 0.09 0.08 0.08 0.07 0.07 0.05 0.05 0.64 0.64 0.51 0.54 0.17 0.17 0.69 0.70 0.85 0.86 1.26 1.40 0.00 0.04 0.05 0.05 0.59 0.70 0.06 0.07 0.08 0.09 0.60 0.70 0.52 0.58 0.00 0.00 0.07 0.07 0.03 0.06 80.68 84.41 80.61 85.02 0.00 92.86 0.74 0.78 0.60 0.64 0.39 0.52 0.54 0.63 0.13 0.13 0.16 0.16 0.16 0.16 0.19 0.23 0.00 0.41 0.05 0.07 0.00 0.06 4.13 4.29

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

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

595 70 185 500 48 210 113 1286 42 0 91 79 1404 233 750 121 100 868 1884 496 914 189 5962 248 17 919 2929 52 1826 0 151 116 4 230 123 0 62 98 21 551 9

6.00 0.06 0.08 0.04 0.13 0.14 0.25 0.16 0.17 0.00 0.07 0.09 0.90 0.43 0.53 0.05 0.04 0.36 0.42 0.12 0.11 0.09 2.06 1.75 0.05 0.08 113.36 0.04 0.33 0.00 0.10 0.08 0.15 0.17 0.13 0.03 0.04 5.26 5.10 0.06 0.05

+ 5.11 5.24 + 0.06 0.06 + 0.08 0.08 0.04 0.04 unch 0.11 0.11 0.13 0.13 unch 0.24 0.24 0.15 0.15 unch 0.00 0.15 0.00 0.14 unch 0.07 0.07 0.08 0.08 0.75 0.77 + 0.38 0.43 + 0.49 0.53 0.00 0.05 unch 0.04 0.04 unch + 0.31 0.33 0.37 0.41 0.12 0.12 unch + 0.09 0.11 0.07 0.08 1.90 1.91 1.54 1.57 + 0.05 0.05 0.06 0.07 + 109.18 112.40 0.03 0.04 0.29 0.30 0.00 0.07 unch 0.00 0.09 0.07 0.07 + 0.14 0.15 0.15 0.17 unch + 0.11 0.12 0.03 0.03 unch + 0.04 0.04 4.88 4.95 + 0.00 4.21 0.05 0.05 0.04 0.04

541 1117 2204 1055 1231 707 103 309 181 33 143 40 595 107 486 579 20 200 33 82 134 115 1058 6038 1280 54 10906 1012 880 0 45 6586 1 59 137 289 291 96 179 4 89 193 0 15 157 1103 0 10 157 58 17 13 576 1 1326 412 19 9 10 1 1052 2 2 0 10073 554 210 770 672 208 1271 446 540 1630 12 126 311 170 241 214 897 2008 315 356 1088 0 81 86 16 78 270 419 1220 1141 0 716 543 73 59 1291 3582 2717 813 308 33 80 203 2355 508 2374 54 136 927 222 854 161 1261 553 170 509 645 40 407 415 3197 1265 932 122 96 62 4097 1113 115 504 263 610 814 1887 70 16 8184 65

0.30 1.43 1.75 0.31 0.25 0.02 1.36 0.20 0.16 0.30 0.36 0.30 0.17 0.14 0.01 0.17 0.15 0.10 0.09 0.20 0.24 3.00 10.65 8.67 0.48 0.27 0.01 0.81 0.65 0.00 0.13 0.18 0.00 0.05 0.18 0.22 0.12 0.10 0.94 0.76 0.19 0.24 0.00 0.55 22.78 18.54 0.00 0.90 0.19 0.16 0.05 0.04 0.08 0.07 0.12 0.05 0.27 0.30 1.12 0.99 0.52 0.12 0.12 4.11 17.19 0.19 0.09 0.11 0.90 4.00 3.27 6.40 0.14 0.17 0.11 0.14 1.20 1.49 1.04 0.85 0.22 0.28 0.19 0.65 0.54 0.00 0.15 0.17 0.17 0.21 0.21 0.17 0.07 0.06 0.00 0.59 0.72 0.54 0.44 7.31 5.90 9.09 11.24 0.13 0.76 0.09 0.10 0.17 0.14 0.08 0.07 3.15 14.71 0.20 0.20 0.16 0.48 0.39 0.07 0.09 0.27 0.38 0.39 0.08 0.75 0.62 11.97 0.46 0.52 0.84 0.69 0.13 0.23 0.29 0.03 0.08 0.10 0.17 0.14 0.00 65.60 0.16

High Low

0.41 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.06 0.04 0.05 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.11 0.03 0.00 0.01 3.09 0.00 0.02 0.00 0.01 0.02 0.00 0.00 0.01 0.00 0.01 0.05 0.21 0.01 0.00

9.00 0.10 0.14 0.09 0.19 0.25 0.29 0.23 0.20 1.00 0.10 0.16 1.93 0.60 0.76 0.08 0.06 0.80 0.64 0.36 0.13 0.15 2.35 2.00 0.07 0.12 147.64 0.06 0.48 1.00 0.29 0.20 0.15 0.23 0.19 0.07 0.08 6.20 8.70 0.14 0.09

0.54 0.04 0.06 0.02 0.09 0.11 0.11 0.10 0.02 0.04 0.04 0.06 0.11 0.14 0.16 0.04 0.03 0.20 0.33 0.12 0.03 0.03 1.34 1.03 0.01 0.06 99.32 0.00 0.25 0.06 0.05 0.05 0.03 0.11 0.07 0.01 0.02 2.24 1.85 0.03 0.02

0.06 0.03 0.01 0.01 0.00 0.00 0.04 0.00 0.01 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.31 0.16 0.02 0.02 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.03 0.00 0.00 0.01 0.00 0.00 0.18 0.06 0.00 0.05 0.02 0.02 0.00 0.01 0.01 0.00 0.01 0.00 0.02 0.00 0.06 0.10 0.01 0.00 0.00 0.18 0.85 0.00 0.00 0.00 0.03 0.04 0.06 0.57 0.01 0.01 0.00 0.00 0.16 0.19 0.02 0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.04 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.39 0.28 0.24 0.56 0.01 0.11 0.00 0.01 0.02 0.02 0.02 0.01 0.00 0.91 0.00 0.01 0.02 0.05 0.04 0.00 0.02 0.03 0.05 0.05 0.01 0.14 0.12 0.62 0.07 0.01 0.01 0.00 0.01 0.01 0.03 0.00 0.00 0.01 0.01 0.02 0.00 4.94 0.01

0.20 2.80 3.54 0.40 0.36 0.05 1.57 0.24 0.19 0.32 0.40 0.45 0.21 0.17 0.04 0.30 0.15 0.40 0.32 0.31 0.40 3.51 14.22 10.63 0.58 0.51 0.02 1.24 0.92 0.14 0.20 0.22 2.00 0.09 0.28 0.35 0.22 0.17 0.98 0.76 0.46 0.53 0.56 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.10 0.07 0.14 0.25 0.16 0.08 0.66 2.55 2.06 1.56 0.70 0.19 0.25 7.72 20.68 0.22 0.14 0.17 1.07 4.92 3.92 7.05 0.20 0.22 0.18 0.24 1.25 1.51 2.29 2.51 0.46 0.59 0.35 0.94 0.75 0.25 0.34 0.40 0.29 0.30 0.49 0.37 0.12 0.48

0.13 1.30 1.60 0.08 0.06 0.00 1.00 0.02 0.01 0.16 0.21 0.28 0.11 0.08 0.00 0.14 0.15 0.09 0.00 0.13 0.18 1.77 7.57 5.96 0.15 0.18 0.00 0.35 0.28 0.04 0.06 0.08 0.20 0.02 0.08 0.10 0.09 0.06 0.08 0.73 0.12 0.18 0.26 0.33 19.45 15.38 0.15 0.15 0.03 0.01 0.03 0.01 0.06 0.00 0.03 0.02 0.09 0.22 1.05 0.00 0.11 0.03 0.09 2.53 7.93 0.02 0.03 0.05 0.74 1.50 1.10 1.40 0.03 0.04 0.00 0.11 0.46 0.61 0.45 0.69 0.17 0.24 0.14 0.45 0.33 0.10 0.07 0.09 0.02 0.12 0.15 0.12 0.04 0.03

1.20 0.85 0.60 0.51 11.62 8.91 12.88 16.37 0.30 1.00 0.20 0.26 0.34 0.27 0.11 0.08 13.00 16.48 0.50 0.25 0.21 0.60 0.48 0.11 0.16 0.43 0.32 0.75 0.25 0.78 0.64 13.00 0.56 0.72 1.56 1.25 0.16 0.28 0.34 0.06 0.13 0.18 0.31 0.25 2.39 83.29 0.34

0.24 0.33 0.06 0.13 5.79 4.58 7.18 9.13 0.01 0.59 0.07 0.09 0.12 0.09 0.04 0.03 5.00 6.88 0.18 0.07 0.05 0.15 0.10 0.02 0.03 0.04 0.18 0.19 0.05 0.08 0.06 1.38 0.25 0.35 0.38 0.29 0.06 0.10 0.13 0.03 0.05 0.05 0.04 0.02 1.36 37.17 0.15

S 0.13 1.34 1.66 0.26 0.21 0.00 1.29 0.18 0.14 0.28 0.35 0.29 0.15 0.12 0.00 0.15 0.15 0.00 0.07 0.17 0.00 2.95 9.92 8.06 0.42 0.24 0.00 0.67 0.54 0.00 0.00 0.15 0.00 0.00 0.16 0.19 0.11 0.09 0.88 0.73 0.18 0.22 0.00 0.52 21.88 17.67 0.00 0.00 0.17 0.14 0.00 0.02 0.00 0.07 0.10 0.00 0.00 0.00 1.06 0.89 0.49 0.11 0.00 0.00 16.13 0.15 0.08 0.10 0.77 3.80 3.07 5.75 0.12 0.15 0.00 0.00 0.97 1.20 0.90 0.73 0.20 0.25 0.16 0.61 0.49 0.00 0.12 0.16 0.13 0.00 0.19 0.15 0.06 0.05 0.00 0.50 0.63 0.48 0.37 6.79 5.50 8.67 10.68 0.11 0.65 0.08 0.10 0.13 0.10 0.00 0.06 3.09 13.45 0.18 0.17 0.13 0.41 0.34 0.06 0.07 0.18 0.18 0.34 0.06 0.61 0.48 10.80 0.38 0.50 0.78 0.63 0.11 0.19 0.26 0.03 0.07 0.09 0.15 0.12 0.00 60.05 0.15

+ 0.26 + 1.41 1.73 + 0.29 0.23 unch 0.01 1.30 0.19 unch + 0.15 + 0.29 0.35 0.30 unch 0.15 0.12 + 0.01 0.15 0.15 unch 0.09 0.07 0.18 + 0.24 2.99 unch 9.96 8.08 0.44 0.24 + 0.01 0.69 unch 0.56 0.11 unch + 0.13 + 0.16 0.32 unch 0.05 unch + 0.17 + 0.21 0.12 0.09 + 0.90 + 0.73 0.19 0.23 0.54 unch 0.55 unch 21.90 + 17.82 0.70 unch + 0.90 + 0.18 + 0.15 + 0.05 0.03 0.07 0.07 unch 0.11 0.05 unch + 0.24 0.28 unch 1.06 + 0.99 + 0.51 + 0.12 0.12 unch 4.11 + 16.87 + 0.18 + 0.09 0.10 unch + 0.85 3.84 + 3.13 + 6.29 + 0.13 + 0.16 + 0.11 0.13 unch + 1.16 + 1.45 0.95 0.79 + 0.21 + 0.26 0.16 0.63 unch 0.51 0.14 unch + 0.13 + 0.16 + 0.17 + 0.21 0.19 unch + 0.16 0.06 0.05 8.00 unch + 0.56 0.69 unch 0.50 0.41 6.82 5.52 8.67 10.68 0.12 0.65 + 0.08 0.10 0.13 0.11 0.07 0.06 3.12 unch 13.58 0.19 unch + 0.18 + 0.15 0.43 0.35 0.07 0.07 0.23 0.19 0.34 0.07 + 0.74 + 0.60 + 11.82 + 0.45 + 0.51 0.81 + 0.66 + 0.13 + 0.22 + 0.28 0.03 unch + 0.07 0.09 + 0.16 + 0.14 2.27 unch + 64.42 0.15

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JULY 5–18, 2021

Week

Exc Volume

Low

Last

0.00 0.43 0.34 0.22 0.04 0.04 0.20 0.24 0.07 0.00 0.20 0.11 0.15 0.38 0.02 0.15 0.47 15.58 19.17 0.10 0.30 0.24 2.99 2.44 0.85 0.50 0.06 4.54 0.00 0.17 0.20 0.01 0.00 0.20 0.05 0.18 0.22 2.24 2.73 0.04 0.00 0.16 1.70 1.40 0.42 0.54 0.05 0.07 0.26 0.00 0.08 0.00 0.23 0.14 0.17 0.00 0.31 0.00 0.00 0.26 0.03 0.15 0.19 0.23 0.00 0.68 0.57 0.46 0.00 0.09 0.00 0.93 1.14 0.35 0.69 0.57 23.56 29.20 0.55 0.69 0.00 0.48 0.18 0.23 0.36 0.30 0.01 0.26 0.73

0.20 0.44 0.36 0.22 0.04 0.04 0.20 0.25 0.07 0.06 0.20 0.12 0.15 0.52 0.02 0.16 0.47 15.64 19.26 0.10 0.34 0.28 3.40 2.80 0.90 0.59 0.07 4.88 1.65 0.18 0.22 0.03 0.17 0.22 0.05 0.18 0.23 2.67 3.25 0.04 0.05 0.19 1.84 1.52 0.48 0.57 0.07 0.08 0.27 0.22 0.09 0.00 0.25 0.15 0.17 0.00 0.32 0.39 0.01 0.26 0.03 0.16 0.20 0.25 0.20 0.78 0.60 0.46 0.25 0.10 0.12 1.00 1.24 0.36 0.80 0.63 24.64 30.31 0.59 0.73 0.60 0.50 0.19 0.24 0.38 0.31 0.01 0.27 0.78

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

0.17 0.14 0.09 0.33 0.27 0.03 0.56 0.00 7.94 0.06 0.51 0.64 0.28

+ unch + + unch unch + unch -

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

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

182 650 1036 113 50 1650 624 560 2695 79 190 875 5029 4250 338 358 143 6982 1736 1337 3320 2000 82 15 121 291 1400 1414 1 257 669 36 112 1320 8 8 20 650 1112 34 164 462 255 42 168 561 104 468 315 48 113 2077 252 4 25 67 128 149 0 37 1510 803 942 1595 204 88 12 4 2 1 78 299 884 510 667 40 22152 32804 105 343 181 202 62 41 777 50 170 70 38

0.20 0.48 0.40 0.32 0.04 0.05 0.22 0.27 0.08 0.06 0.21 0.15 0.18 0.67 0.02 0.16 0.55 16.34 20.03 0.13 0.38 0.30 3.54 2.88 0.97 0.60 0.07 5.07 2.06 0.19 0.23 0.03 0.17 0.23 0.05 0.18 0.23 3.07 3.70 0.05 0.05 0.21 2.01 1.77 0.50 0.63 0.07 0.09 0.28 0.23 0.09 0.00 0.27 0.15 0.17 0.00 0.32 0.40 0.00 0.28 0.03 0.18 0.22 0.26 0.21 0.78 0.66 0.51 0.00 0.10 0.12 1.26 1.34 0.39 0.80 0.63 25.56 31.33 0.62 0.76 0.61 0.53 0.19 0.24 0.41 0.33 0.01 0.27 0.82

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

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

263 92 667 1494 648 50 2613 2 111 1521 5567 88 432

0.19 0.15 0.09 0.34 0.28 0.03 0.56 0.01 8.38 0.07 0.52 0.69 0.30

High Low

Stock

0.01 0.02 0.01 0.10 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.02 0.03 0.12 0.00 0.00 0.06 0.10 0.35 0.03 0.01 0.01 0.00 0.07 0.07 0.11 0.00 0.08 0.40 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.29 0.44 0.01 0.00 0.00 0.12 0.06 0.02 0.02 0.01 0.02 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.00 0.00 0.02 0.00 0.02 0.00 0.01 0.01 0.01 0.01 0.03 0.02 0.05 0.00 0.01 0.00 0.02 0.03 0.03 0.08 0.04 1.25 1.21 0.01 0.02 0.05 0.05 0.01 0.01 0.02 0.02 0.00 0.01 0.03

1.45 0.70 0.55 1.39 0.06 0.10 0.59 0.77 0.21 0.16 0.80 0.36 0.27 0.67 0.03 0.23 1.05 25.32 33.69 0.20 1.19 0.99 6.50 5.16 0.97 0.75 0.14 5.07 4.85 0.25 0.38 0.18 0.25 0.30 0.19 0.27 0.35 3.56 4.05 0.11 0.14 0.21 3.14 2.41 1.00 0.92 0.29 0.38 0.35 0.29 0.28 0.01 0.35 0.26 0.38 0.01 0.60 0.80 0.01 0.52 0.09 0.26 0.33 0.28 0.26 0.90 0.94 0.72 0.55 0.09 0.20 2.20 3.50 1.34 1.35 1.09 25.73 31.38 1.15 1.53 0.89 0.63 0.25 0.29 0.85 0.46 0.05 0.28 1.10

0.19 0.18 0.13 0.01 0.03 0.04 0.07 0.10 0.04 0.03 0.19 0.01 0.03 0.06 0.01 0.06 0.41 13.68 17.29 0.02 0.04 0.03 0.09 0.07 0.17 0.11 0.05 0.97 1.01 0.12 0.12 0.00 0.11 0.15 0.01 0.09 0.13 0.57 0.76 0.03 0.04 0.05 1.70 1.40 0.04 0.10 0.05 0.07 0.10 0.18 0.06 0.00 0.13 0.02 0.07 0.00 0.27 0.35 0.01 0.22 0.01 0.04 0.06 0.07 0.05 0.27 0.35 0.29 0.21 0.00 0.05 0.60 0.67 0.35 0.18 0.14 10.67 14.28 0.40 0.51 0.25 0.25 0.03 0.06 0.09 0.29 0.00 0.08 0.17

0.01 0.00 0.00 0.02 0.03 0.00 0.00 0.00 0.54 0.01 0.01 0.00 0.01

0.28 0.24 0.23 0.44 0.39 0.15 0.90 0.10 26.25 0.12 1.91 2.12 1.00

0.16 0.12 0.06 0.28 0.21 0.01 0.14 0.00 5.50 0.01 0.49 0.60 0.24

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

Change

T 0.17 0.14 0.08 0.30 0.23 0.03 0.51 0.00 7.80 0.06 0.50 0.62 0.26

(100s)

12-month

High

Week

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

159 79 106 16 4 412 15 1668 7574 77 25909 8338 9 151 1421 388 611 75 11 84 267 138 533 287 235 420 28 15 44 124 466 5 1 40 256 13 400 251 1007 221 149 519 1941 5 481 330 221 1062 437 10 468 24 186 217 426 251 366 1679 423 14 137 1 217 1576 63 90 0 80 56 13 293 125 277 7 362 253 79 306 4056 60 48 1010 3584 2 34 235 36 537 162 1827 35 67 8 1 14 294 311 439 159 194 735 640 110 102 1442

12-month

High

Low

Last

0.24 0.10 0.10 0.12 0.11 0.55 0.46 2.67 2.18 0.44 23.15 28.47 37.79 0.13 0.16 0.42 0.51 0.16 0.12 0.14 0.17 0.05 0.06 0.22 0.26 0.05 0.04 0.05 2.10 2.48 2.15 0.09 0.12 1.47 0.19 0.30 0.36 0.46 0.47 0.17 0.08 0.07 1.48 0.20 0.36 0.29 0.18 0.23 0.05 1.65 2.10 0.32 0.41 0.56 0.05 1.57 0.07 0.29 0.24 2.80 0.17 1.00 12.58 15.61 0.65 0.79 0.00 0.08 0.31 0.29 0.21 0.16 0.05 0.04 0.17 0.18 0.77 0.95 8.48 0.14 0.11 0.19 0.23 0.00 0.08 0.10 0.81 1.05 3.17 2.61 0.11 0.03 0.06 0.06 16.46 0.25 0.31 0.21 0.17 0.80 1.00 0.25 0.03 0.32 0.37

0.21 0.08 0.09 0.11 0.09 0.50 0.00 2.38 1.92 0.43 20.72 25.66 34.45 0.10 0.14 0.31 0.31 0.13 0.11 0.14 0.17 0.05 0.05 0.20 0.25 0.04 0.04 0.00 1.89 2.32 2.00 0.09 0.00 1.27 0.12 0.27 0.33 0.32 0.41 0.12 0.08 0.06 1.25 0.20 0.25 0.19 0.15 0.18 0.04 0.65 0.75 0.30 0.35 0.46 0.00 1.51 0.07 0.18 0.15 0.00 0.16 1.00 11.36 14.31 0.59 0.72 0.00 0.08 0.28 0.25 0.17 0.16 0.05 0.04 0.14 0.17 0.72 0.88 8.02 0.13 0.10 0.17 0.21 0.00 0.00 0.08 0.69 0.85 2.88 2.32 0.11 0.00 0.00 0.06 15.92 0.21 0.26 0.18 0.14 0.77 0.95 0.21 0.03 0.02 0.33

0.23 0.09 0.10 0.11 0.09 0.53 0.44 2.61 2.13 0.44 23.01 28.30 35.47 0.13 0.16 0.41 0.51 0.15 0.12 0.14 0.17 0.05 0.05 0.21 0.26 0.04 0.04 0.05 1.92 2.35 2.06 0.09 0.12 1.40 0.19 0.30 0.33 0.41 0.47 0.12 0.08 0.06 1.42 0.20 0.26 0.21 0.17 0.21 0.04 0.65 0.75 0.30 0.35 0.48 0.05 1.56 0.07 0.24 0.21 2.12 0.17 1.00 11.65 14.31 0.62 0.76 0.08 0.08 0.29 0.25 0.18 0.16 0.05 0.04 0.14 0.17 0.72 0.90 8.41 0.14 0.10 0.18 0.22 0.12 0.07 0.09 0.78 0.94 3.09 2.50 0.11 0.03 0.06 0.06 15.92 0.21 0.27 0.19 0.16 0.79 0.95 0.22 0.03 0.29 0.35

Change + + + + + + + + + + + + + + + unch unch + unch unch + unch unch unch + + + unch + unch + + unch unch unch + + unch unch unch + unch unch + unch + + + + unch + unch + + + + unch + -

0.00 0.01 0.01 0.01 0.02 0.02 0.03 0.24 0.21 0.01 2.53 2.82 1.72 0.02 0.01 0.01 0.02 0.02 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.09 0.11 0.00 0.00 0.00 0.02 0.02 0.00 0.02 0.09 0.06 0.01 0.00 0.00 0.19 0.00 0.09 0.06 0.02 0.01 0.02 0.96 0.00 0.03 0.06 0.06 0.01 0.00 0.00 0.06 0.06 0.38 0.01 0.00 0.68 1.10 0.04 0.05 0.00 0.00 0.01 0.03 0.01 0.01 0.00 0.00 0.00 0.02 0.01 0.00 0.35 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.05 0.00 0.09 0.07 0.01 0.01 0.01 0.00 0.34 0.00 0.01 0.02 0.00 0.01 0.05 0.01 0.00 0.00 0.01

(100s)

High Low

Stock

0.43 0.16 0.16 0.25 0.14 0.56 0.55 3.22 2.67 0.53 26.72 32.27 42.50 0.25 0.34 1.78 2.27 0.30 0.18 0.17 0.33 0.08 0.14 0.41 0.55 0.07 0.12 0.17 3.80 4.85 4.70 0.11 0.12 1.75 0.70 0.33 0.45 0.69 1.02 0.34 0.20 0.16 1.90 0.30 0.51 0.40 0.24 0.30 0.08 1.65 2.10 0.99 1.10 0.65 0.09 1.63 0.11 0.33 0.19 3.09 0.45 1.90 19.45 25.52 0.86 1.07 0.12 0.15 0.45 0.33 0.30 0.24 0.07 0.05 0.20 0.26 1.40 1.98 9.17 0.20 0.14 0.23 0.28 0.12 0.19 0.13 2.06 2.78 3.70 3.06 0.12 0.15 0.15 0.11 16.46 0.35 0.47 0.48 0.34 1.33 1.82 0.30 0.27 0.41 0.52

True North Gem V True North Gem* O Tsodilo Res V Tudor Gold V Tudor Gold * O Turmalina Met V Turmalina Met* O Turquoise HIl* N Turquoise HIl T TVI Pacific V TVI Pacific* O Tyhee Gold* O Tymbal Res V Typhoon Expl V

0.18 0.05 0.07 0.07 0.08 0.08 0.00 0.62 0.45 0.24 9.56 13.11 15.01 0.07 0.09 0.30 0.10 0.10 0.08 0.12 0.14 0.04 0.05 0.16 0.20 0.02 0.04 0.05 1.24 1.69 1.20 0.03 0.05 0.52 0.00 0.16 0.17 0.32 0.14 0.08 0.07 0.05 1.23 0.09 0.08 0.04 0.11 0.16 0.03 0.50 0.40 0.00 0.18 0.24 0.03 0.15 0.06 0.12 0.14 1.53 0.13 0.01 11.70 14.42 0.41 0.51 0.05 0.07 0.17 0.14 0.04 0.11 0.03 0.02 0.10 0.13 0.62 0.78 5.27 0.08 0.05 0.06 0.08 0.12 0.00 0.04 0.64 0.85 1.90 1.43 0.06 0.00 0.06 0.05 15.16 0.15 0.19 0.13 0.11 0.67 0.84 0.03 0.03 0.02 0.12

Week

Exc Volume

Last

12-month

High

Low

Change

4 7 491 218 62 442 403 2958 789 705 12 3445 383 119

0.11 0.08 0.94 2.69 2.17 0.97 0.79 17.89 21.95 0.05 0.04 0.00 0.02 0.05

0.00 0.10 unch 0.08 0.08 unch 0.70 0.84 + 2.45 2.46 1.99 2.02 0.86 0.86 0.70 0.73 + 16.38 17.37 + 20.31 21.36 + 0.05 0.05 unch 0.04 0.04 + 0.00 0.00 + 0.00 0.02 + 0.05 0.05 -

D 214 O 55 V 68 C 5 O 4582 O 279 V 361 T 5296 V 13 O 7 O 231 O 225 V 1598 O 933 C 799 O 200 X 6665 N 144582 O 33 V 992 V 139 X 36727 T 1288 V 2684 X 31398 O 9184 X 32915 V 848 D 1444 V 19 O 192 O 3457 V 76 V 986 O 35 N 140958 O 5367 O 208 V 532 C 8445 O 93 V 122 O 7 V 105 O 21 V 171 V 759 O 502 V 5 O 0 O 25 V 600 O 604 V 835 V 25 O 51 T 188 O 51 O 0 V 1129 O 413 T 1538 C 99 O 39 C 808 O 438 V 5 O 16 V 1088 O 7 V 113 V 1355 O 757 V 349 T 70 X 1146 O 222 V 912 V 1282 O 451 C 161 O 15 V 94 C 120 O 3 O 8 V 668 O 139

11.56 0.20 0.24 0.04 16.85 0.94 1.13 0.41 0.22 0.17 0.09 0.14 0.17 0.82 1.01 0.03 0.95 24.71 0.10 0.11 1.71 1.63 2.01 0.80 2.96 0.07 5.70 3.43 2.75 0.05 0.04 0.06 0.19 0.11 0.10 23.18 0.05 0.23 0.29 0.25 0.04 0.05 0.08 0.10 0.22 0.27 0.71 0.60 0.25 0.00 0.37 0.45 0.05 0.05 0.12 0.11 1.14 0.06 0.00 0.16 15.80 19.44 0.05 0.04 0.08 0.06 0.30 0.23 0.55 0.12 0.15 0.15 0.13 0.19 1.65 1.35 0.14 0.17 2.67 2.18 0.16 0.37 0.50 0.41 0.36 0.10 0.13 0.43

Stock

0.00 0.00 0.19 0.14 0.08 0.07 0.00 1.19 1.26 0.00 0.00 0.00 0.01 0.01

0.25 0.19 0.94 4.51 3.40 1.80 1.33 21.89 26.45 0.06 0.06 0.01 0.05 0.11

0.08 0.05 0.07 1.50 1.10 0.75 0.55 6.80 9.20 0.01 0.01 0.00 0.01 0.05

VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

V V O V O

0.01 0.00 0.01 0.00 0.03 0.05 0.08 0.02 0.02 0.01 0.01 0.01 0.01 0.05 0.06 0.01 0.02 0.93 0.02 0.02 0.06 0.15 0.22 0.06 0.26 0.00 0.64 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.00 1.17 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.10 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.12 0.01 0.00 0.01 0.09 0.36 0.00 0.00 0.01 0.00 0.01 0.02 0.05 0.01 0.02 0.00 0.00 0.01 0.01 0.04 0.00 0.00 0.43 0.38 0.00 0.00 0.01 0.04 0.00 0.00 0.00 0.06

17.40 0.40 0.37 0.08 30.20 2.36 2.97 0.50 0.28 0.23 0.19 0.50 0.67 1.46 1.80 0.05 2.56 29.97 0.15 0.21 4.08 1.74 2.14 1.68 3.67 0.27 14.50 4.70 3.81 0.07 0.13 0.07 0.29 0.20 0.20 23.12 0.20 0.36 0.45 0.44 0.10 0.14 0.10 0.11 0.32 0.36 1.75 2.32 0.38 0.27 0.47 0.61 0.09 0.11 0.15 0.12 1.97 1.00 0.19 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.48 0.37 0.55 0.30 0.38 0.95 0.74 0.24 1.90 1.45 0.36 0.48 2.93 2.37 0.44 0.68 0.93 0.50 0.38 0.25 0.35 0.55

6.22 0.02 0.08 0.03 0.24 0.64 0.70 0.12 0.04 0.02 0.00 0.11 0.13 0.09 0.14 0.02 0.22 6.58 0.06 0.06 1.05 0.42 0.55 0.20 0.82 0.01 1.34 0.99 0.70 0.02 0.01 0.00 0.16 0.09 0.08 10.06 0.00 0.16 0.21 0.06 0.04 0.04 0.02 0.03 0.05 0.07 0.58 0.39 0.17 0.03 0.31 0.41 0.03 0.05 0.07 0.02 0.48 0.01 0.01 0.03 8.18 10.42 0.02 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.12 0.02 0.01 0.02 1.08 0.80 0.13 0.16 0.61 0.45 0.01 0.25 0.31 0.24 0.19 0.03 0.04 0.18

Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds* Wescan Gldflds Wesdome Gold Wesdome Gold* West High Yld West Mining* West Mining West Red Lake* West Red Lake West Vault Western Areas* Western Atlas Western Atlas* Western Copper* Western Copper Western Gold Western Mag* Western Mag Western Potash Western Res* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Gold* Westkam Gold* Westkam Gold Westminster Rs* Westminster Rs WestMountain* Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Whitehorse GC Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res* Wolfden Res Wolfeye Res World Copper Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xander Res Xander Res* Xemplar Egy* Xiana Mng Xiana Mng* Ximen Mining* Ximen Mining Xplore Res Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yorbeau Res Yorbeau Res* Zacatecas Silv Zacatecas Silv* ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * ZincX Res ZincX Res* Zonte Metals Zonte Metals*

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

U-V U.S. Gold* U3O8 Corp* U3O8 Corp Ubique Mineral UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource Ultra Resource* Umbral Enrgy* Unigold* Unigold United Battery* United Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls Uravan Mnrls* USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valorem Res Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vanstar Mng Rs Vanstar Mng Rs* Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng* Vendetta Mng Venerable Vent Venture Mnrls* Verde Potash Verde Res* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Silver Vizsla Silver* Volatus Cap Volcanic Gold* Volcanic Gold Voyageur Min Voyageur Min* Voyageur Min* Voyageur Min VR Resources*

10.65 0.17 0.21 0.00 14.01 0.81 1.00 0.37 0.20 0.17 0.08 0.11 0.13 0.75 0.92 0.03 0.83 22.80 0.08 0.09 1.52 1.38 1.70 0.70 2.62 0.04 4.36 2.94 2.40 0.05 0.03 0.04 0.19 0.00 0.10 21.42 0.03 0.20 0.25 0.24 0.04 0.00 0.00 0.09 0.18 0.23 0.58 0.39 0.00 0.00 0.37 0.44 0.03 0.05 0.12 0.09 0.93 0.06 0.00 0.14 14.18 17.61 0.05 0.03 0.07 0.05 0.00 0.00 0.46 0.11 0.14 0.14 0.11 0.18 1.50 1.20 0.00 0.15 2.17 1.73 0.14 0.37 0.44 0.37 0.00 0.10 0.11 0.34

11.39 0.18 0.22 0.04 15.86 0.86 1.05 0.38 0.22 0.17 0.09 0.13 0.16 0.76 0.95 0.03 0.89 23.64 0.08 0.10 1.71 1.45 1.74 0.74 2.63 0.05 5.18 2.98 2.43 0.05 0.04 0.05 0.19 0.11 0.10 22.68 0.04 0.22 0.27 0.24 0.04 0.05 0.08 0.10 0.19 0.23 0.59 0.48 0.25 0.22 0.37 0.44 0.04 0.05 0.12 0.10 1.06 0.06 0.10 0.14 14.93 18.34 0.05 0.04 0.08 0.06 0.27 0.21 0.51 0.12 0.15 0.14 0.11 0.18 1.63 1.33 0.13 0.16 2.60 2.11 0.14 0.37 0.45 0.37 0.36 0.10 0.13 0.37

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

(100s)

High Low

Exc Volume

Week

27

12-month

High

Low

Last

Change

High Low

271 520 64 424 428

0.53 0.27 0.22 0.12 0.10

0.42 0.24 0.19 0.11 0.09

0.44 0.25 0.21 0.12 0.10

+ +

0.10 0.02 0.01 0.01 0.00

0.68 0.30 0.80 0.16 0.13

0.23 0.04 0.04 0.03 0.02

37 142 1727 976 1715 40 17 606 69 1186 782 38 2 3 2633 433 67 253 775 156 367 260 28 195 1 2613 724 46 822 578 38 0 4 89 182 7 159 138 28 371 23 108 0 3656 7476 5 471 2364 0 333 296 162 205 4 86 211 0 1032 2528 412 72 239 195 342 0 138 219 741 352 31 15 1 16 106 422 47 123 26 45 7420 48190 113 59 401 226 163 586 4 129 58 81 16 3 30 0 82 17

0.05 0.06 0.08 0.48 0.56 0.21 0.06 0.08 0.05 0.31 0.37 0.73 0.07 0.09 12.25 10.28 0.19 0.21 0.26 0.07 0.08 1.21 1.80 0.07 0.05 2.16 2.64 0.38 0.22 0.25 0.19 0.15 0.16 3.30 2.67 1.71 0.69 0.55 0.15 0.20 0.25 0.37 0.00 55.25 45.10 0.09 0.57 0.65 0.07 0.09 0.04 1.53 1.58 0.20 0.22 0.10 0.00 0.09 0.08 0.51 0.26 0.32 0.80 0.45 0.00 0.10 0.09 0.04 0.14 0.11 0.01 0.00 0.09 0.21 0.28 0.10 0.09 1.11 0.94 5.52 4.50 0.06 0.05 1.22 0.95 2.83 3.39 0.25 0.18 0.15 0.27 1.35 1.06 0.19 0.00 0.26 0.21

0.05 0.05 0.06 0.06 0.07 0.07 0.42 0.44 0.52 0.53 0.21 0.21 unch 0.00 0.06 + 0.07 0.08 + 0.04 0.04 0.26 0.27 0.32 0.33 0.68 0.68 0.07 0.07 unch 0.00 0.09 unch 11.53 11.61 9.39 9.45 0.18 0.18 + 0.16 0.18 0.18 0.24 0.06 0.06 0.07 0.07 1.05 1.11 1.75 1.75 0.07 0.07 0.05 0.05 unch 1.99 2.04 unch 2.45 2.51 0.36 0.36 0.19 0.20 unch 0.24 0.25 0.00 0.19 unch 0.00 0.15 unch 0.00 0.16 unch 2.84 2.86 2.31 2.34 1.54 1.54 0.62 0.63 0.50 0.52 0.14 0.15 + 0.16 0.20 + 0.19 0.19 0.28 0.31 + 0.00 4.00 unch 53.79 54.16 43.57 44.03 + 0.09 0.09 0.44 0.51 + 0.55 0.61 + 0.00 0.07 0.00 0.08 0.03 0.04 1.37 1.53 + 1.32 1.47 + 0.15 0.15 0.19 0.20 0.10 0.10 unch 0.00 0.06 unch 0.08 0.09 unch 0.07 0.07 + 0.46 0.48 0.23 0.23 + 0.29 0.30 0.73 0.77 0.41 0.41 0.00 0.06 unch 0.09 0.09 0.08 0.08 0.04 0.04 unch 0.12 0.13 0.00 0.11 0.00 0.01 unch 0.00 0.07 unch 0.09 0.09 unch 0.20 0.20 0.24 0.25 0.10 0.10 unch 0.08 0.08 1.04 1.08 unch 0.83 0.84 5.28 5.28 4.29 4.31 0.05 0.06 + 0.05 0.05 + 1.10 1.12 0.91 0.91 unch 2.51 2.68 + 3.13 3.31 + 0.18 0.18 0.17 0.17 unch 0.13 0.15 + 0.22 0.27 + 1.10 1.11 0.00 0.92 0.18 0.18 0.00 0.16 unch 0.23 0.23 0.18 0.18 -

0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.01 0.01 0.03 0.04 0.04 0.00 0.00 0.46 0.25 0.01 0.02 0.01 0.01 0.01 0.10 0.03 0.01 0.00 0.00 0.05 0.02 0.00 0.01 0.00 0.00 0.00 0.45 0.32 0.17 0.03 0.01 0.02 0.03 0.06 0.03 0.00 0.14 0.38 0.00 0.03 0.02 0.03 0.01 0.00 0.11 0.10 0.03 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.03 0.02 0.04 0.00 0.01 0.01 0.00 0.02 0.02 0.00 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.04 0.06 0.05 0.01 0.00 0.08 0.00 0.12 0.14 0.07 0.00 0.01 0.05 0.02 0.10 0.01 0.00 0.02 0.01

0.12 0.11 0.15 1.01 1.33 0.70 0.11 0.15 0.07 0.38 0.45 0.79 0.10 0.15 15.00 11.37 0.30 1.16 1.70 0.17 0.21 1.99 2.43 0.19 0.14 2.83 3.35 0.69 0.22 0.26 0.37 0.19 0.33 3.40 2.76 2.05 1.25 0.93 0.22 0.30 0.32 0.39 7.00 76.69 57.89 0.11 2.00 1.34 0.12 0.17 0.05 1.65 4.80 0.29 0.36 0.15 0.11 0.20 0.18 2.34 0.40 0.36 1.54 0.78 0.09 0.25 0.18 0.11 0.45 0.20 0.47 0.12 0.13 0.60 0.80 0.14 0.23 1.54 1.22 9.29 7.02 0.08 0.06 1.89 1.05 2.97 3.77 0.25 1.15 0.88 0.29 5.00 1.27 0.23 0.19 0.33 0.24

0.03 0.06 0.07 0.36 0.52 0.10 0.01 0.07 0.02 0.05 0.07 0.25 0.04 0.05 7.78 6.05 0.10 0.16 0.18 0.05 0.07 1.00 1.25 0.06 0.04 0.78 1.05 0.28 0.08 0.10 0.15 0.11 0.09 0.34 0.25 1.40 0.50 0.40 0.10 0.10 0.10 0.06 0.55 44.09 34.85 0.08 0.44 0.55 0.03 0.04 0.00 0.63 0.57 0.08 0.08 0.07 0.06 0.08 0.05 0.44 0.10 0.13 0.48 0.29 0.02 0.08 0.05 0.03 0.10 0.08 0.00 0.04 0.02 0.20 0.24 0.05 0.06 0.62 0.46 5.06 3.99 0.04 0.01 1.00 0.91 0.30 0.39 0.08 0.13 0.10 0.11 0.80 0.20 0.08 0.06 0.16 0.13

W-Z

BID-ASK — JUNE 21–25, 2021 12-MONTH STOCK

79 Resources Aftermath Silv AJN Resources Alacer Gold Allied Copper Altair Res Inc Altan Rio Min Amilot Capital Amseco Expl AMV Capital Anglo-Bomarc Antler Hill Apex Res Arcturus Vent Asbestos Corp AsiaBaseMetals Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Austin Res Avarone Metals Aya Gold Banro Corp* Barker Min BC Moly BE Res Bearclaw Cap Black Shield Boss Power Brunswick Res Bullion Gold C2C Gold Cache Explor Cairo Res Camrova Res Canamera Energ CaNickel Mng Cassius Vents Centurion Mnls Cerro de Pasc Cerro Mng Champion Bear Cliffmont Res Cliffs Nat Res* Cresval Cap Crystal Peak CWN M’g Acq Duro Metals Earl Res Edgewater Expl Electra Stone Eurotin Everton Res Evolution Glob Excalibur Res Exploits Disc Finore Mng Fire River Gol First Idaho Fort St James Freedom Egy

EXC

BID

ASK

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

0.12 0.24 0.25 9.41 0.32 0.05 0.13 0.05 0.08 0.12 0.08 ...

0.07 0.02 0.55 0.20 0.03 0.33 0.13 0.04 ...

0.09 ...

1.94 0.11 0.01 0.08 0.20 0.25 0.17 0.17 ...

0.06 ...

0.16 ... ...

0.33 0.14 0.07 ... ...

0.10 0.09 0.15 1.45 0.04 0.01 0.07 0.25 0.41 0.22 0.01 0.02 0.10 1.50 0.09 ...

0.12 ...

0.10 0.30 0.02

0.15 0.25 0.28 9.52 0.58 0.07 0.14 0.06 0.13 0.15 0.08 ...

0.11 0.03 0.85 0.24 0.04 0.40 0.14 0.06 ...

0.11 ...

2.19 0.11 0.01 0.15 0.37 0.39 1.00 0.20 0.05 0.15 ...

0.17 ...

0.07 0.50 0.20 0.14 0.05 ...

0.79 0.10 0.25 3.20 0.04 0.02 0.09 0.48 0.65 0.23 0.02 0.02 0.10 3.00 0.10 ...

0.12 0.39 0.98 0.40 0.02

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.25 0.28 9.47 0.41 0.06 0.13 0.05 0.08 0.12 0.15 0.18 0.10 0.03 0.67 0.24 0.03 0.40 0.14 0.05 0.47 0.09 0.04 2.01 0.11 0.01 0.08 0.20 0.29 0.15 0.17 0.03 0.10 0.11 0.16 0.37 0.07 0.32 0.13 0.07 0.07 0.29 0.60 0.09 0.16 1.43 0.03 0.01 0.07 0.24 0.45 0.22 0.01 0.02 0.03 2.00 0.10 0.59 0.11 0.40 0.10 0.35 0.01

0.25 0.33 0.45 10.82 0.68 0.07 0.22 0.08 0.12 0.26

0.10 0.05 0.15 3.50 0.15 0.01 0.08 0.03 0.02 0.11

0.17 0.21 0.99 0.64 0.04 0.60 0.15 0.05 0.47 0.13 0.15 2.50 2.10

0.09 0.01 0.46 0.17 0.03 0.22 0.03 0.03 0.42 0.07 0.03 0.82 0.10

0.09 0.20 0.60 0.15

0.04 0.12 0.10 0.11

0.28 0.15 0.33 0.37

0.01 0.03 0.07 0.37

0.39 0.31 0.10

0.08 0.06 0.07

0.34 0.60 0.25 0.20 7.17 0.16 0.10 0.08 0.27 0.55 0.27

0.12 0.26 0.08 0.06 0.98 0.02 0.01 0.03 0.13 0.11 0.12

0.06

0.01

2.00 0.11 0.62

2.00 0.01 0.13

0.45 0.10 0.43

0.12 0.07 0.10

GAR Limited General Moly* Gentor Res Gespeg Res GFM Res Glacier Lake Global Cop Grp Goldbank Mng Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Great Lakes Gr Green Arrow Grosvenor Res GrowMax Res Gunpoint Expl Handa Mining HFX Holding Highbury Proj Highvista Gold Indico Res Indigo Expl Inspiration Mg Interconnect Intl Battery Intl Millm Mng Iron South Mng Jaeger Res Jubilee Gold K9 Gold Karora Res Kenadyr Mining Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Lithium South Logan Res Madeira Mrnls MAG Silver* Martina Mnls Matachewan Con Mega Copper Melior Res Metalo Manuf MillenMin Vent Milner Con Slv Minecorp Egy Minsud Res Mongoose Mg Montana Gold Montego Res Napier Vent Navis Res Corp Nebu Res Nevado Res NevGold New Klondike

EXC

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

BID

... ...

0.09 0.06 0.07 0.30 0.07 0.13 0.02 0.18 0.10 ... ...

0.05 0.02 0.16 0.03 0.67 0.04 0.03 0.20 ... ...

0.08 ...

0.08 ...

0.02 0.24 0.04 0.75 0.17 0.47 0.03 0.05 0.04 0.03 ... ...

0.21 0.10 0.31 0.25 ...

12.52 0.05 0.19 0.14 0.03 0.15 ...

0.07 ...

0.07 ...

0.09 0.03 0.06 ...

0.04 0.14 0.12 0.01

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... ...

0.11 0.06 0.12 0.36 0.08 0.20 0.02 0.35 0.12 ...

375.00 0.05 0.03 0.25 0.03 1.20 0.05 0.09 0.50 ...

0.01 0.10 ...

0.16 ...

0.02 0.27 0.04 0.94 0.24 0.48 0.03 0.06 0.10 0.04 ... ... ...

0.10 0.34 0.25 ...

13.30 0.17 0.24 0.30 0.06 0.20 0.06 0.12 ...

0.08 ...

0.10 0.03 ... ...

0.04 0.16 0.28 0.01

0.15 0.11 0.08 0.06 0.07 0.30 0.08 0.18 0.02 0.32 0.10 0.42 0.11 0.04 0.02 0.14 0.09 0.75 0.04 0.05 0.20 0.17 0.01 0.08 0.03 0.10 0.31 0.02 0.24 0.04 0.74 0.24 0.48 0.04 0.05 0.06 0.03 1.09 0.24 0.26 0.11 0.31 0.30 0.03 12.52 0.07 0.22 0.14 0.08 0.15 0.05 0.07 0.12 0.07 0.12 0.10 0.03 0.07 0.30 0.04 0.14 0.31 0.01

4.13 100.00 0.08 0.12 0.15 0.46 0.11 0.19 0.05 0.32 0.15 0.45 1.20

0.13 0.10 0.05 0.06 0.07 0.20 0.04 0.09 0.02 0.16 0.02 0.06 0.48

0.04 0.20

0.02 0.12

0.93 0.06 0.11 0.30

0.57 0.01 0.05 0.20

0.13

0.06

Newmac Res Nexco Res Norse Gold Nrthn Lion O2Gold Odyssey Res Ord Mountain Oro X Mining Pac Bay Mnrls Paleo Resource Parallel Mng Patriot Batt Pedro Res Philippine Mtl PPX Mining Primary Energy ProAm Expl Prospero Silvr Quinto Res Rackla Metals Rare Element* Reliant Gold Remington Res Resolve Vent Rizal Res Rockex Mng Rockland Mnls Ross River Samco Gold Savannah Min ScoZinc Mg Secova Mtls Sennen Potash Silver Phoenix Sonora Gld & S Southern Arc Southstone Min Stans Energy Stuve Gold Supernova Met Talmora Diamd Thunder Mtn Gd Tiger Intl Trench Metals Tri-River Vent Trident Gold TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Velocity Mnrls Venerable Vent Waraba Gold Whitemud Res Winshear Gold Worldwide Res Xiana Mng Zadar Ventures Zara Res Zinco Mng Zincore Mtls

0.11

0.07

0.04 0.28 0.08 0.90 0.28 0.73 0.08 0.13 0.09 0.16

0.01 0.04 0.02 0.43 0.16 0.20 0.03 0.04 0.05 0.02

0.27 0.30 0.35 0.66 0.37

0.13 0.17 0.11 0.24 0.06

14.40 0.18 0.27 0.29 0.08 0.30

6.12 0.05 0.12 0.10 0.03 0.08

0.20 0.20 0.10 0.22 0.10 0.06 0.08

0.04 0.07 0.05 0.05 0.02 0.01 0.06

0.19 0.52

0.07 0.20

EXC

BID

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

0.17 0.30 0.07 0.33 0.23 0.04 0.06 0.70 0.13 0.02 0.13 0.09 0.09 0.11 0.04 ...

0.07 0.55 0.05 0.47 0.11 ...

0.21 0.07 0.01 0.03 0.07 ...

0.01 0.29 0.51 0.05 0.01 0.13 0.08 0.32 0.01 0.01 0.24 0.05 0.03 0.10 0.15 0.55 ...

0.12 0.11 ...

0.06 0.10 0.05 0.45 0.07 0.19 0.01 0.12 0.06 0.07 0.50 ...

0.05 0.01

ASK

0.28 0.60 0.10 0.40 0.27 0.06 0.06 0.70 0.16 0.03 0.40 0.10 0.18 0.11 0.05 ...

0.09 1.18 0.07 0.47 0.16 0.10 0.36 0.09 0.02 0.05 0.08 0.22 ...

0.32 0.58 0.06 1.10 0.14 0.08 0.90 0.01 0.01 0.42 0.06 0.04 ...

0.39 0.55 0.25 0.17 0.12 ...

0.07 0.10 ...

0.48 0.24 0.24 0.02 0.14 0.07 0.08 0.50 ...

0.07 0.05

LAST

0.29 0.30 0.07 0.43 0.23 0.04 0.20 0.69 0.16 0.03 0.15 0.10 0.13 0.10 0.04 0.17 0.08 0.56 0.08 0.41 0.15 0.02 0.22 0.08 0.02 0.04 0.08 0.26 0.05 0.32 0.55 0.05 0.45 0.14 0.09 0.89 0.01 0.01 0.25 0.06 0.03 0.12 0.20 0.55 0.04 0.12 0.12 10.24 0.07 0.09 0.10 0.44 0.12 0.21 0.02 0.14 0.06 0.07 0.30 0.07 0.05 0.05

HIGH

LOW

0.31 0.40 0.17 0.69 0.37 0.07 0.25 0.90 0.19 0.04 0.19 0.18 0.19 0.12 0.10 0.82 0.15 1.35 0.08 0.50 0.89

0.04 0.10 0.05 0.27 0.06 0.04 0.20 0.50 0.09 0.01 0.12 0.08 0.09 0.04 0.04 0.16 0.07 0.51 0.05 0.14 0.06

0.37 0.13

0.09 0.05

0.09 0.11

0.02 0.01

2.00 0.80

0.20 0.33

0.25 0.10 0.93 0.04

0.10 0.02 0.24 0.01

0.55 0.32 0.15 0.29 0.30 0.22

0.21 0.05 0.01 0.09 0.09 0.04

0.12 0.12 11.10 0.13 0.13

0.12 0.03 6.57 0.07 0.04

0.61 0.15 0.70 0.03 0.15 0.09 0.12 0.32 0.22

0.41 0.07 0.10 0.01 0.05 0.02 0.04 0.26 0.07

28

WWW.NORTHERNMINER.COM

JULY 5–18, 2021 / THE NORTHERN MINER

Barrick believes that the best assets managed by the best people will deliver the best returns.

Its 13-country portfolio already includes five of the world’s

10 largest mines as well as some of its leading copper producers, all with long-term business plans based on declared resources. As for its people, their record speaks for itself: this year, Barrick’s returns to shareholders will top its league.

changing world. Social responsibility, protection of the environment, partnership with its host communities, care for employees and concern for human rights – the core components of ESG – have long been an integral part of the way it does business. That is why Barrick is not only an industry leader in operational and financial performance but is setting the pace for mining’s cultural adjustment to the modern world.

dPA 6467

Barrick is also closely aligned to the new demands and expectations of a rapidly